DailyMarkets.com - Plenty Of Questions Facing The Stock Market Short Term And Long Term

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• Plenty Of Questions Facing The Stock Market Short Term And Long Term
• EUR/USD Breaks Below Rising Wedge Pattern
• Plum Creek Beats Estimates
• Masco Beats By A Penny
• Berkley Beats Estimates
• Edwards Beats, Raises Outlook
• Amgen Beats But Profit Falls
• Rent-A-Center Tops
• Aaron Outpaces Estimate
• Earnings Scorecard: GR
• Australian Dollar: Key ST Resistance At 10725
• Canadian Dollar: The Downside Prevails
• DDR Beats Marginally
• Cabot Tops On Higher Production
• Coach Beats Zacks Estimate
• Quanta Services Expands Canadian Presence
• BMY Beats On EPS, Misses On Sales
• Sundyne Corp. Acquires JV
• Earnings Scorecard: Stryker
• Forex Trading: GBPUSD Doing What It Should Do…so Far
• International Air Travel Above Pre-Recession Levels
• Opening Bell Market Monitor: DD, F, UBS
• Forex Trading: EURUSD Shows The Dollar Buying Nervousness
• US Steel Reports 3Q Loss

Plenty Of Questions Facing The Stock Market Short Term And Long Term Posted: 26 Oct 2010 09:45 AM PDT Scanning analyst reports and financial headlines it is clear there are plenty of questions facing this market short term and long term. This morning I wanted to highlight a few that are near term and will have an impact on investor psychology and potentially both the US and global equity markets. Is the Fed stimulus priced into the market? Next week the FOMC meeting is supposed to shed some light on what the Fed will do relative to providing stimulus for a market already awash in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

EUR/USD Breaks Below Rising Wedge Pattern Posted: 26 Oct 2010 09:45 AM PDT Price action on EUR/USD (a 4-hour chart of which is shown) as of Tuesday (10/26/2010) has broken down below a rising wedge consolidation pattern. This occurs after price action broke down below a steep parallel uptrend channel in mid-October. Since that channel breakdown, the pair has been unable to rise enough to re-test its 1.4157 long-term high reached approximately two weeks ago. Despite the wedge breakdown, EUR/USD is still technically within the confines of a continuing … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Plum Creek Beats Estimates Posted: 26 Oct 2010 09:35 AM PDT Plum Creek Timber Co. Inc. (NYSE:PCL),  a real estate investment trust (REIT) that owns one of the largest private timberlands in the U.S., reported fiscal 2010 third quarter earnings of $32 million or 20 cents per share, compared with $19 million or 12 cents in the year-earlier quarter. The earnings exceeded the Zacks Consensus Estimate by 8 cents.   During third quarter 2010, Plum Creek reported revenues of $259 million vis-à-vis $294 million in the year-ago quarter. Total quarterly … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Masco Beats By A Penny Posted: 26 Oct 2010 09:35 AM PDT Masco Corporation (NYSE:MAS) showed a decline in profit to $37 million or 11 cents per share (before special items) in the third quarter of the year from $63 million or 18 cents per share (before special items) in the year-ago quarter. However, the company has beaten the Zacks Consensus Estimate by a penny during the quarter. Sales in the quarter slid 6% to $1.96 billion, lower than the Zacks Consensus Estimate of $2.05 billion. Sales in both North America and in the International markets fell 6% … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Berkley Beats Estimates Posted: 26 Oct 2010 09:35 AM PDT W.R. Berkley Corp.'s (NYSE:WRB) third quarter earnings of 67 cents per share were 3 pennies ahead of the Zacks Consensus Estimate of 64 cents. Earnings remained unchanged compared with the prior year period. Earnings were aided by a modest premium growth and lower base effectuated by share repurchase. Total revenue of $1.2 billion was in line with the Zacks Consensus Estimate and was modestly up by 3.5% compared with the prior year quarter. Net premiums written increased 1.8% year over year to … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Edwards Beats, Raises Outlook Posted: 26 Oct 2010 09:20 AM PDT Edwards Lifesciences Corporation (NYSE:EW) has reported an EPS of 40 cents in third quarter of fiscal 2010 compared to 63 cents in the year-ago period. However, after adjusting for certain items, the EPS came in at 43 cents, beating the Zacks Consensus Estimate by a penny and the year-ago quarter's earnings of 36 cents. Edwards reported revenues of $348.9 million, up 7.1% from the year-ago period. However, the growth rate would have been 12.6% excluding the negative impact of currency movement … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Amgen Beats But Profit Falls Posted: 26 Oct 2010 09:05 AM PDT Amgen (NASDAQ:AMGN) reported third quarter earnings per share of $1.35, 9 cents above the Zacks Consensus Estimate of $1.26 but 8.2% below the year-ago earnings. Flat revenues, higher R&D spend, and a higher tax rate led to the decline in earnings. The company reported that R&D spend in the year-ago quarter was exceptionally low due to cost recoveries. Meanwhile, the year-ago tax rate was lower due to the favorable impact of the settlement of federal and state income tax audits, and the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Rent-A-Center Tops Posted: 26 Oct 2010 09:05 AM PDT Rent-A-Center Inc. (NASDAQ:RCII), one of the largest rent-to-own operators, recently delivered better-than-expected third-quarter 2010 results. The quarterly earnings of 62 cents a share, outpaced the Zacks Consensus Estimate of 55 cents, and soared 12.7% from 55 cents registered in the prior-year quarter. Despite a low-single digit decline in the top-line, the company posted a double-digit growth in the bottom-line on the heels of effective cost and inventory management. Direct store expenses slid … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Aaron Outpaces Estimate Posted: 26 Oct 2010 09:05 AM PDT Aaron’s Inc. (AAN) registered an earnings per share growth of 7.0% in the third quarter of 2010, climbing to 32 cents a share from the year-ago quarter earnings of 30 cents and on the higher end of its earnings guidance range of 29 cents to 33 cents per share. Aaron also outpaced the Zacks Consensus Estimate of 30 cents a share.  Quarterly Details  Aaron's top line jumped 9.0% to $452.2 million from $415.3 million in the year-ago quarter. The company has … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Earnings Scorecard: GR Posted: 26 Oct 2010 08:35 AM PDT Following Goodrich Corporation's (NYSE:GR) mixed third quarter 2010 earnings results on October 21, 2010, analyst sentiments on the stock were definitely bearish. Third Quarter Earnings Review Goodrich announced third quarter 2010 operating earnings of $1.25 per share versus $1.14 in the year-ago quarter, reflecting a growth of 9.6%. Results handsomely surpassed the Zacks Consensus Estimate of $1.13. Goodrich’s total operating revenue in the quarter was $1,748 million versus $1,647.7 million in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Australian Dollar: Key ST Resistance At 10725 Posted: 26 Oct 2010 08:20 AM PDT Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Canadian Dollar: The Downside Prevails Posted: 26 Oct 2010 08:20 AM PDT Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

DDR Beats Marginally Posted: 26 Oct 2010 08:17 AM PDT Developers Diversified Realty Corp. (NYSE:DDR), a real estate investment trust (REIT), reported third quarter 2010 FFO (fund from operations) of $37.1 million or 14 cents per share compared to a FFO loss of $90.1 million or 54 cents per share in the year-earlier quarter. Fund from operations, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income. Excluding non-recurring charges of $26.1 million … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Cabot Tops On Higher Production Posted: 26 Oct 2010 08:17 AM PDT Cabot Oil and Gas (NYSE:COG) – an independent energy exploration and production ("E&P") company – reported third quarter earnings per share (excluding special items) of 31 cents, surpassing the Zacks Consensus Estimate of 28 cents. Revenue of $219.1 million was also slightly ahead of our expectations. The better-than-expected results were mainly driven by increased gas production in its North region. Year Over Year Results Down Compared with the year-ago period, Cabot's adjusted … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Coach Beats Zacks Estimate Posted: 26 Oct 2010 08:17 AM PDT Coach Inc. (NYSE:COH), the designer and marketer of fine accessories and gifts, recently posted better-than-expected first-quarter 2011 results on the back of healthy sales in North America, China and Japan. The quarterly earnings of 63 cents a share beat the Zacks Consensus Estimate of 55 cents, and surged 43.2% from 44 cents delivered in the prior-year quarter, buoyed by strong top-line growth and competitive pricing. The New York-based Coach Inc. said that total net sales for the quarter came … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Quanta Services Expands Canadian Presence Posted: 26 Oct 2010 08:17 AM PDT Quanta Services Inc (NYSE:PWR) is set to acquire Valard Construction, one of Canada’s largest electric power line contractors. The deal is valued at $219 million, inclusive of any debt repayment. The financing will use a combination of cash, Quanta common shares and exchangeable shares of a Canadian subsidiary of Quanta Services. The acquisition will augment Quanta’s Canadian services portfolio and provide Valard’s customer base the benefits of Quanta’s energy infrastructure products. As a result … [visit site to read more] or compare Best Credit Cards and Best CD Rates

BMY Beats On EPS, Misses On Sales Posted: 26 Oct 2010 08:17 AM PDT Bristol-Myers Squibb Company's (NYSE:BMY) third quarter 2010 earnings (excluding special items) of $0.59 per share surpassed the Zacks Consensus Estimate by $0.06. The company had earned $0.47 per share in the year-ago quarter. On a reported basis (including special items), Bristol-Myers' earnings in the reported quarter climbed 22% to $0.55 per share. Even though Bristol-Myers' lead product Plavix and therapies indicated for HIV and hepatitis performed well in the quarter, the better than … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Sundyne Corp. Acquires JV Posted: 26 Oct 2010 08:17 AM PDT Sundyne Corp, a subsidiary of Hamilton Sundstrand, is set to acquire the entire stake in the former Sundyne Nikkiso joint venture in Tokyo, Japan. Hamilton Sundstrand is a group company of United Technologies Corp. (NYSE:UTX). This transaction will provide full control of the JV's distribution and manufacturing facilities making it easier for Sundyne to expand throughout Asia. Headquartered in Arvada, Colorado, Sundyne is a leading manufacturer of engineered pumps and compressors serving process … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Earnings Scorecard: Stryker Posted: 26 Oct 2010 08:17 AM PDT Third Quarter Revisited Medical technology giant Stryker Corp. (NYSE:SYK) posted better-than-expected third quarter results with earnings of 80 cents per share exceeding the Zacks Consensus Estimate of 77 cents while net income rocketed 47.5% year-over-year led by sustained healthy sales from the MedSurg Equipment division. Revenues grew 6.9% year-over-year to $1,768 million, also beating the Zacks Consensus Estimate of $1,749 million. Stryker's MedSurg business continues to show resilience in a … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: GBPUSD Doing What It Should Do…so Far Posted: 26 Oct 2010 07:54 AM PDT The GBPUSD has been supported by much better GDP data today. The price has moved higher but corrected in the NY session. The correction did hold key support at the 200 hour MA and other technical levels in the area (at 1.5820-26). The next step is to get through the days highs to keep the bullish bias going today. Does it have the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

International Air Travel Above Pre-Recession Levels Posted: 26 Oct 2010 07:31 AM PDT “The International Air Transport Association (IATA) released international traffic results for September today, reported that international passenger traffic had a 10.5% year-on-year increase which is significantly stronger than the 6.5% rise recorded for August. International freight traffic recorded a 14.8% year-on-year increase, which is significantly weaker than the 19.0% rise recorded in August.  The contrast between the performance of freight and passenger markets provides a mixed … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Opening Bell Market Monitor: DD, F, UBS Posted: 26 Oct 2010 07:23 AM PDT 10/26/10 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

Forex Trading: EURUSD Shows The Dollar Buying Nervousness Posted: 26 Oct 2010 07:18 AM PDT The EURUSD fell to new lows post the better than expected 10 AM EST numbers but quickly rebounded. The pair still seems nervous on any dollar strength and the price has bounced back to resistance at the 1.3892 area. On the topside the 1.3928 level is the midpoint of the move down from the October 15th high to the October 20th low.  A move above the 1.3900 level will likely look back toward this comfort area.  If the price can remain below the 1.3892 area, this would keep … [visit site to read more] or compare Best Credit Cards and Best CD Rates

US Steel Reports 3Q Loss Posted: 26 Oct 2010 02:13 AM PDT 10/26/10 US Steel announced Tuesday that it posted a 3Q loss of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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