DailyMarkets.com - Play The Agricultural Sector With The Market Vectors Agribusinesses ETF (MOO)

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• Play The Agricultural Sector With The Market Vectors Agribusinesses ETF (MOO)
• Seagate Misses Again
• Travelers Beats, Raises Outlook
• Hershey In Line, Ups Outlook
• Southwest Beats On Travel Demand
• Currency War?
• “Earnings Are Definitely Running The Markets.”
• Lilly Beats By A Penny; Ups View
• Phillip Morris Just Misses
• Intel To Invest $8 Billion To Lead The Next Generation Of The Semiconductor Industry
• VoxEu Carmen Reinhat: Diminished Expectations, Double Dips, And External Shocks: The Decade After The Fall
• Forex – Dollar Mixed Vs. Rivals After Mixed U.S. Economic Data
• Forex – GBP/USD Hits Intra-day Low After Mixed U.S. Data
• Total System Beats, Raises Outlook
• Danaher 3Q Results Beat Estimate
• Danaher 3Q Results Beat Estimate
• Union Pacific Posts Record Profit
• Check Point Delivers Strong 3Q
• Ensco Tops Zacks Estimate
• United Parcel Excels, Ups Outlook
• AT&T Meets, Revenue Climbs
• Nokia Surprises In 3rd Quarter
• Sureste Posts Stellar Numbers
• Caterpillar Beats, Hikes Guidance
• Forex – EUR/USD Trims Gains After Mixed U.S. Economic Data
• Hewlett-Packard: Bullish Reversal Ahead?
• Forex – NZD/USD Trims Losses After Disappointing U.S. Philly Fed Data
• Forex – AUD/USD Hits Fresh Daily High After Weak U.S. Manufacturing Data
• Opening Bell Market Monitor: T, CAT, MCD, TRV
• Sweet Earnings For Hershey

Play The Agricultural Sector With The Market Vectors Agribusinesses ETF (MOO) Posted: 21 Oct 2010 09:45 AM PDT The agriculture stocks have been moving up aggressively since the end of June. The initial push came on the drought issues in Russia and wheat production. Then BHP Billiton (NYSE:BHP) started a hostile takeover bid for Potash (NYSE:POT) and the race was on. The buyout set a benchmark or valuation for the agri-chemical businesses. The corn crops in the US were below expectations and thus corn prices have moved higher. This all begs the question – is the run higher done? Is the risk of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Seagate Misses Again Posted: 21 Oct 2010 09:35 AM PDT Seagate Technology (STX) reported first quarter 2011 earnings of 37 cents a share, falling way short of Zacks Consensus Estimate of 45 cents per share. The company's GAAP reported EPS of 31 cents a share included the impact of non-recurring items.  Earnings were down both sequentially as well as year over year. Quarterly revenue off $2.7 billion, up 1.3% from the year-earlier level, was in line with the Zacks Consensus revenue estimate. Seagate failed to report any significant increase … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Travelers Beats, Raises Outlook Posted: 21 Oct 2010 09:35 AM PDT Operating earnings of The Travelers Companies (NYSE:TRV) for the third quarter of 2010 were $1.81 per share, surpassing the Zacks Consensus estimate of $1.44 by 37 cents. Results compare favorably with operating earnings of $1.61 in the prior-year quarter. Operating income was $858 million, down 6.1% from $914 million in second-quarter 2009. Including net realized investment losses of $147 million or 30 cents per share, Travelers reported a net income of $1.005 billion or $2.11 per share, compared … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Hershey In Line, Ups Outlook Posted: 21 Oct 2010 09:35 AM PDT The Hershey Company (NYSE:HSY) has posted third-quarter 2010 financial results. The quarterly earnings of 79 cents a share remained in line with the Zacks Consensus Estimate but rose 8.2% from 73 cents earned in the prior-year quarter on the heels of growth in emerging markets. On a reported basis, earnings came in at 78 cents, up 9.9% from 71 cents delivered in the year-ago quarter. A Look at the Top Line Despite economic woes, Hershey sustained its top-line momentum with consumers preferring … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Southwest Beats On Travel Demand Posted: 21 Oct 2010 09:35 AM PDT Before the opening bell,the low-cost carrier Southwest Airlines Co. (NYSE:LUV) declared its third-quarter 2010 adjusted earnings of 26 cents per share surpassing the Zacks Consensus Estimate of 25 cents and the year-ago earnings of 4 cents. Higher business travel demand and strong traffic led to the better-than-expected earnings. Net income, excluding special items, shot up 529% year over year to $195 million driven by strong revenues partially offset by higher fuel prices and other cost … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Currency War? Posted: 21 Oct 2010 09:18 AM PDT Fundamentals One of the hot button issues the G20 ministers may be discussing at their upcoming meeting is the widespread devaluation of currencies — a mindset that many believe could lead to a “currency war”. The US seems to be talking out of both sides of the mouth on the issue, raising concerns over other nations’ attempts to devalue their exchange rate, and at the same time pressing China to bolster the Yuan. Many developing nations are concerned that a drop in the value of the US Dollar … [visit site to read more] or compare Best Credit Cards and Best CD Rates

“Earnings Are Definitely Running The Markets.” Posted: 21 Oct 2010 09:10 AM PDT 10/21/10 Floor trader Alan Valdes shares his thoughts behind what is behind today’s market … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Lilly Beats By A Penny; Ups View Posted: 21 Oct 2010 09:00 AM PDT Eli Lilly (NYSE:LLY) reported third quarter earnings per share of $1.21, easily surpassing the Zacks Consensus Estimate of $1.15 and a penny above the year-earlier earnings of $1.20. Although revenues increased 2% to $5.66 billion from the year-earlier period, they were slightly below the Zacks Consensus Revenue Estimate of $5.79 billion. Revenues increased mainly due to a 3% price increase, which was offset by unfavorable foreign exchange fluctuations (1%). Volume growth remained flat. US … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Phillip Morris Just Misses Posted: 21 Oct 2010 09:00 AM PDT Cigarette manufacturer and marketer Philip Morris International Inc. (PM) reported marginally weaker-than-expected third-quarter results, adversely affected by inventory payback in Japan, coupled with significant excise tax increases in Greece and Turkey. Earnings per share, excluding special items, came in at $1.00, a penny below the Zacks Consensus Estimate. However, compared to the prior-year period, Philip Morris' earnings per share were up 7.5% (from 93 cents to $1.00), attributable to … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Intel To Invest $8 Billion To Lead The Next Generation Of The Semiconductor Industry Posted: 21 Oct 2010 08:59 AM PDT Intel Corp. (NASDAQ:INTC) announced Tuesday that it would invest up to $8 billion in U.S. manufacturing with the goal of keeping its position as a semiconductor industry trailblazer and beat rivals in creating the next generation of silicon chips. The world’s biggest chipmaker will build a new factory in Oregon and upgrade four existing plants in Arizona and Oregon. The move emphasizes Intel’s position as the biggest manufacturer of microprocessors and its ability to keep up with the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

VoxEu Carmen Reinhat: Diminished Expectations, Double Dips, And External Shocks: The Decade After The Fall Posted: 21 Oct 2010 08:57 AM PDT Carmen Reinhart This is a great article by Carmen Reinhart who is the co-author of the recent best-seller This Time Is Different: Eight Centuries of Financial Folly, which I highly recommend all Value Walk readers consider reading. You can find my book review of the book here- This Time Is Different Book Review. The other co-author of the book Kenneth Rogoff was kind enough to send me a copy to review. This article was reprinted with permission (Value Walk always complies with copyright … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – Dollar Mixed Vs. Rivals After Mixed U.S. Economic Data Posted: 21 Oct 2010 08:51 AM PDT Forex Pros – The U.S. dollar was mixed against the other major currencies on Thursday, following the release of mixed U.S. data on manufacturing and employment. During European afternoon trade, the greenback was up against the euro, with EUR/USD slipping 0.02% to hit 1.3961. Earlier in the day, preliminary data showed that the euro zone's manufacturing PMI rose unexpectedly in October. The greenback was also down against the pound, with GBP/USD shedding 0.63% to hit 1.5746. Earlier in the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Hits Intra-day Low After Mixed U.S. Data Posted: 21 Oct 2010 08:36 AM PDT Forex Pros – The pound was down against the U.S. dollar on Thursday, falling to an-intra low, following the release of mixed U.S. data on employment and manufacturing. GBP/USD hit 1.5739 during European afternoon trade, an intra-day low; the pair subsequently consolidated at 1.5759, shedding 0.56%. Cable was likely to find short-term support at 1.5649, Wednesday's low and resistance at 1.5941, Tuesday's high. Earlier in the day, the Federal Reserve Bank of Philadelphia said that it's … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Total System Beats, Raises Outlook Posted: 21 Oct 2010 08:35 AM PDT Yesterday, Total System Services Inc. (NYSE:TSS) reported third quarter operating net income of $52.2 million or 25 cents per share as opposed to $58.6 million or 30 cents per share in the year-ago quarter. However, earnings were well ahead of the Zacks Consensus Estimate of 23 cents per share. Results reflect lower-than-expected revenues and higher-than-expected cost of services and selling, general and administrative (SG&A) expenses that also led to the decline in earnings. These were … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Danaher 3Q Results Beat Estimate Posted: 21 Oct 2010 08:35 AM PDT Danaher Corporation’s (NYSE:DHR) third quarter 2010 financial results were impressive as adjusted earnings per share of 60 cents increased 33% over 45 cents reported in the year-ago quarter. Results also surpassed the Zacks Consensus estimate of 55 cents and the company’s guidance range of 50-55 cents. GAAP earnings per share in the quarter were 95 cents, up a staggering 79% compared with 53 cents in the year-ago quarter. GAAP earnings included gains of roughly 34 cents related to the Apex Tool … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Danaher 3Q Results Beat Estimate Posted: 21 Oct 2010 08:35 AM PDT Danaher Corporation’s (NYSE:DHR) third quarter 2010 financial results were impressive as adjusted earnings per share of 60 cents increased 33% over 45 cents reported in the year-ago quarter. Results also surpassed the Zacks Consensus estimate of 55 cents and the company’s guidance range of 50-55 cents. GAAP earnings per share in the quarter were 95 cents, up a staggering 79% compared with 53 cents in the year-ago quarter. GAAP earnings included gains of roughly 34 cents related to the Apex Tool … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Union Pacific Posts Record Profit Posted: 21 Oct 2010 08:35 AM PDT The U.S. railroad giant Union Pacific Corp. (NYSE:UNP) reported excellent results for the third quarter of 2010. Quarterly net income was a record high $778 million or $1.56 per share compared to a net income of $514 million or $1.01 per share in the year-ago quarter. Third quarter 2010 EPS of $1.56 was far ahead of the Zacks Consensus Estimate of $1.50. This blockbuster performance was achieved through best-ever operating ratio, massive growth in business volume, cost efficiency, and pricing … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Check Point Delivers Strong 3Q Posted: 21 Oct 2010 08:21 AM PDT Check Point Software Technologies Ltd. (NASDAQ:CHKP) posted strong third quarter 2010 results, with adjusted earnings per share of 59 cents surpassing the Zacks Consensus Estimate of 55 cents. The adjusted earnings per share exclude one-time items, but include stock-based compensation expense. Check Point witnessed strong network security product sales across all regions, particularly in the Americas and Asia/Pacific regions. Revenue Check Point reported revenue of $273.2 million in the third … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Ensco Tops Zacks Estimate Posted: 21 Oct 2010 08:20 AM PDT Ensco plc (ESV) reported third quarter earnings from continuing operations of 92 cents per share, comfortably beating the Zacks Consensus Estimate of 89 cents. However, results were well below the year-ago quarter earnings of $1.01 per share. Results were better than expected although the company did not recognize revenues on the ENSCO 8502 newbuild semi given the dispute with Nexen Inc. (NYSE:NXY). Ensco's total revenue came in at $428 million in the reported quarter, beating the Zacks … [visit site to read more] or compare Best Credit Cards and Best CD Rates

United Parcel Excels, Ups Outlook Posted: 21 Oct 2010 08:20 AM PDT Before the opening bell, United Parcel Services (NYSE:UPS), the world’s largest package delivery company, declared its adjusted third quarter 2010 earnings of 93 cents per share, which surpassed the Zacks Consensus Estimate of 87 cents. Earnings per share shot up 69% year over year from 55 cents in the year-ago quarter on strong revenues and superior execution. On a reported basis, earnings saw a whopping year-over-year increase of 80% in the third quarter. United Parcel also recorded a one-time … [visit site to read more] or compare Best Credit Cards and Best CD Rates

AT&T Meets, Revenue Climbs Posted: 21 Oct 2010 08:20 AM PDT AT&T Inc. (NYSE:T), the largest U.S. telecom carrier, declared its third quarter earnings before the opening bell. Earnings of 55 cents per share were in line with the Zacks Consensus Estimate. Excluding a one-time gain from the previously disclosed tax settlement and the sale of Sterling Commerce, earnings increased 3.8% from 53 cents in the year-ago quarter. Net income in the quarter jumped 286.6% year over year to $12.3 billion on strong revenue growth, robust integrated device sales, gains … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Nokia Surprises In 3rd Quarter Posted: 21 Oct 2010 08:20 AM PDT Nokia Corp. (NYSE:NOK), the largest mobile phone manufacturer of the world, declared its third quarter 2010 financial results, which beat both the top-line and bottom-line Zacks Consensus Estimates. The results are particularly encouraging for its sagging Devices & Services Segment. Favorable product-mix biased towards converged mobile devices (smartphones & mobile computers) resulted in higher average selling price (ASP). The company has decided to reduce headcount by 1,800 which will … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Sureste Posts Stellar Numbers Posted: 21 Oct 2010 08:20 AM PDT Top Mexican airport operator Aeroportuario del Sureste, S.A.B. de C.V. (NYSE:ASR), posted stellar numbers for the third quarter of fiscal 2010 with 29.9% and a 33.7% increase in bottom and top-line results, respectively. Earnings per ADS rose to reach 59 cents from 45 cents in the third quarter of fiscal 2009. However, it failed to surpass the Zacks Consensus Estimate of 74 cents. Net income reached $17.3 million from $13.0 million in the corresponding quarter of fiscal 2009. The increase was … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Caterpillar Beats, Hikes Guidance Posted: 21 Oct 2010 08:20 AM PDT Caterpillar Inc. (NYSE:CAT) delivered an EPS of $1.22 in its third quarter ended September 30, 2010, surging 91% from 64 cents in the year-ago quarter and handily beating the Zacks Consensus Estimate of $1.09. The outperformance was driven by improved sales across all regions, led by developing economies and the company's relentless focus on cost-cutting. The bright spot of the quarter was the strength in developed economies, which showed improvement after deep declines witnessed in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Trims Gains After Mixed U.S. Economic Data Posted: 21 Oct 2010 08:20 AM PDT Forex Pros- The euro trimmed gains against the U.S. dollar on Thursday, retreating from a 4-day high, following the release of mixed U.S. data on employment and manufacturing. EUR/USD retreated from 1.4049, the pair's highest since October 15, to hit 1.3988, during European afternoon trade, gaining 0.17%.  The pair was likely to find support at 1.3697, Wednesday's low and resistance at 1.4155, last Friday's high and a 10-month high. Earlier in the day, the Federal Reserve Bank of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Hewlett-Packard: Bullish Reversal Ahead? Posted: 21 Oct 2010 08:18 AM PDT Good day stock market lads! Here's a technical update on the shares of Hewlett-Packard Company (NYSE:HPQ). HP's shares or HPQ as they are traded in the New York Stock Exchange appear to be bound for a move north after declining to a low of just below $38.00 during the last week of August. After finding some support at the $38.00 level, it then rallied and moved on to form what appears to be a cup and handle pattern. As some of you might know, such formation usually indicates a likely … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – NZD/USD Trims Losses After Disappointing U.S. Philly Fed Data Posted: 21 Oct 2010 07:50 AM PDT Forex Pros – New Zealand's dollar trimmed losses against its U.S. counterpart on Thursday, retreating from a daily low, following the release of worse-than-expected U.S. manufacturing data. NZD/USD retreated from 0.7479, the daily low to hit 0.7521 during European afternoon trade, shedding 0.39%. The pair was likely to find support at 0.7425, Wednesday's low and resistance at 0.7599, the high of October 19. Earlier in the day, the Federal Reserve Bank of Philadelphia said that it's … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – AUD/USD Hits Fresh Daily High After Weak U.S. Manufacturing Data Posted: 21 Oct 2010 07:39 AM PDT Forex Pros – Australia's dollar erased losses against its U.S. counterpart on Thursday rising to a fresh daily high, following the release of worse-than-expected U.S. manufacturing data. AUD/USD clawed back up from 0.9805, the daily low, to hit 0.9892 during European afternoon trade, gaining 0.04%. The pair was likely to find support at 0.9662, Wednesday's low and resistance at 1.0000, the high of October 15 and a record high. Earlier in the day, the Federal Reserve Bank of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Opening Bell Market Monitor: T, CAT, MCD, TRV Posted: 21 Oct 2010 07:36 AM PDT 10/21/10 The latest in news, commentary, and information on what’s moving the US equities … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Sweet Earnings For Hershey Posted: 21 Oct 2010 02:34 AM PDT 10/21/10 The Hershey Company announced Thursday that it posted a better-than-expected 3Q net … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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