Monday, October 18, 2010

DailyMarkets.com - Stock Picks For Tuesday: Citigroup, SIGA Technologies, GigaMedia, OceanFreight

DailyMarkets.com - Stock Picks For Tuesday: Citigroup, SIGA Technologies, GigaMedia, OceanFreight

Stock Picks For Tuesday: Citigroup, SIGA Technologies, GigaMedia, OceanFreight

Posted: 18 Oct 2010 06:15 PM PDT

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SIGA Technologies, Inc.(NASDAQ:SIGA) has been one of the hottest stocks around, trading up from $8.00 to its current price of $14.38, all this month. Monday, the stock closed at $14.06, trading 3x normal daily volume.  I am buying SIGA again once it breaks $14.38, but I recommend using the stops on this stock.

( click to enlarge )
Citigroup Inc. (NYSE:C) released earnings and was one of the big winners on Monday.  The stock traded as high as $4.20, before pulling … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: EUR/USD Rollercoaster Early In Asia

Posted: 18 Oct 2010 05:46 PM PDT

After the US Treasury Secretary Geithner commented after the US equity close that the USD would remain the worlds reserve currency for our lifetime and that devaluing the currency is not a way to prosperity, sparked a dollar rally moving it from right below the 1.40 handle to 1.3934 lows where the pair found support in a thin market after the US close and ahead of the Nikkei open. On the chart below we see the pair found support at the trending 21hr moving average and has just momentarily … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: Aud RBA Meeting Minutes

Posted: 18 Oct 2010 05:34 PM PDT

- Continued growth in labor demand
- Higher currency was tightening financial conditions
- Recent rise in currency would help ease inflation
- Business investment strengthening over next few years
- Inflation to stay in target range in near term
- Cooler Housing market welcome development
- Rate-increase timing was a matter of judgment
- Retailers reported consumers are staying … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Zions Beats Estimates

Posted: 18 Oct 2010 04:35 PM PDT

Zions Bancorp. (NASDAQ:ZION) reported third quarter 2010 loss per share of 47 cents, narrower than the Zacks Consensus Estimate of 51 cents per share loss. Results were a significant improvement over the prior and year-earlier quarters.

Zions ended the quarter with record high capital levels, and management attributed asset quality improvement across all major sectors a factor for the improved results. They expect the trend to continue into the fourth quarter.
Benefiting the results were … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Earnings Alert: Apple Tops Estimates, IPad Disappoints

Posted: 18 Oct 2010 03:39 PM PDT

10/18/10 Apple posted better-than-expected quarterly results, but iPad sales fell short of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Harris Awarded Canadian Contract

Posted: 18 Oct 2010 03:35 PM PDT

Harris Corp. (NYSE:HRS) received a nine-year service contract from the Canadian government to service its fleet of CF-18 fighter jets. The deal is worth $270.3 million.
As per the contract, Harris will provide repair and overhaul, engineering support, program management, life cycle support and obsolescence and material management services to support the avionics systems on the jets.
It is a six-year contact with three additional option years, and will be in effect until the expected expiry of the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Three ETFs To Play Electric Vehicles

Posted: 18 Oct 2010 03:17 PM PDT

As President Obama continues to place an importance on energy efficiency and lowering carbon emissions, demand for electric vehicles is expected to spike paving the path to prosperity for the First Trust Smart Grid Infrastructure ETF (GRID), the Utilities Select Sector SPDR (XLU) and the Global X Lithium ETF (LIT).
The National Highway Safety Commission forecast that nearly 20% of all automobiles in the US will be running on some sort of a hybrid mechanism by 2015.  Furthermore, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Ameren Upgraded To Outperform

Posted: 18 Oct 2010 03:05 PM PDT

We recently upgraded our recommendation for Ameren Corporation (NYSE:AEE) from Neutral to Outperform.
Ameren's stable and regulated electric power operations in the Midwest generate a relatively stable and growing earnings stream. Future growth will be guided by improved plant operations, a focus on cost management, allowed an ROE of 10% (Missouri and Illinois), a recovering economy boosting industrial sales, and installation of emissions reduction equipment (scrubbers) at its generation … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Apple Inc. Eats Everyone’s Lunch

Posted: 18 Oct 2010 03:05 PM PDT

The highly anticipated earnings report for Apple Inc.’s (NASDAQ:AAPL) once again crushed upwardly revised guidance for the company’s fiscal 4th quarter 2010. Apple Inc. reported new all-time records in quarterly revenue and earnings: $20.34 billion and $4.31 billion, respectively. Earnings per share reached $4.64, once again easily beating the Zacks Consensus Estimate of $4.05 per share for a positive surprise of 14.6%. The latest Zacks Consensus Estimate for revenues was $19.02 billion.

These now … [visit site to read more] or compare Best Credit Cards and Best CD Rates

NASCAR Agrees To Pump 15% Ethanol Blend

Posted: 18 Oct 2010 02:57 PM PDT

10/18/10 Just days after government approval of the mix, NASCAR announced over the weekend that it would begin using a 15% ethanol blend in its racing … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Closing Bell Market Monitor: C, HAS, MMR

Posted: 18 Oct 2010 09:37 AM PDT

10/18/10 In-depth coverage of daily money market movements containing technical analysis and detailed forecasts into particular currency pairs; reported directly from the floor of the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Earnings Preview: Omnicom Group Inc.

Posted: 18 Oct 2010 02:35 PM PDT

Advertising company, Omnicom Group Inc. (NYSE:OMC) is scheduled to report its third quarter results on October 19, 2010. The current Zacks Consensus Estimate for the third quarter is 57 cents a share.
Second Quarter Summary
On July 20, Omnicom announced encouraging results for the second quarter of fiscal 2010. During the quarter, net income grew 4.2% year over year to $243.3 million from $233.4 million in the second quarter of fiscal 2009. EPS also stretched by $0.04 from $0.75 in the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Milestone For Accuray’s CyberKnife

Posted: 18 Oct 2010 02:35 PM PDT

This article has been unpublished. Walter, need new message.
 
ACCURAY INC (ARAY): Free Stock Analysis … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Hyatt Expands In China

Posted: 18 Oct 2010 02:35 PM PDT

Hyatt Hotels Corporation (H), a leading global hospitality company, is set to further explore the Chinese hotel market. The company announced the signing of contracts to manage eleven additional hotels in China. This would double the company's properties to 22.

Hyatt currently manages 17 hotels in China, representing the largest market outside United States. The company plans to open 4 hotels, comprising Hyatt Ningbo, Hyatt Regency Jinan, Hyatt Regency Guiyang and Hyatt Regency Qingdao in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Global Economic Recovery Watch

Posted: 18 Oct 2010 02:25 PM PDT

Over the last few weeks, the Conference Board has reported increases in Leading Indexes for the following countries for August:

1. Japan (+0.2%)

2. U.K. (+0.1%, following gains in June and July).  

3. China (+0.7%, following increases of 0.8% in July and 1.2% in August).

4. Spain (+0.6%, second consecutive monthly increase). … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Supply Woes Could Boost Sugar ETFs

Posted: 18 Oct 2010 02:17 PM PDT

With enhanced uncertainty in the use of genetically modified seeds to produce sugar in the U.S., a supply and demand imbalance in sugar could provide positive price support for the iPath DJ-UBS Sugar TR Sub-Idx ETN (SGG), the PowerShares DB Agriculture Fund (DBA) and the UBS E-TRACS CMCI Agriculture TR ETN (UAG).
According to Bill Tomson of the Wall Street Journal, earlier this year, a judge threw out the USDA's initial approval for the use of genetically modified seeds to produce … [visit site to read more] or compare Best Credit Cards and Best CD Rates

GM Recalls 300,000 Impalas

Posted: 18 Oct 2010 02:05 PM PDT

General Motors (MTLQQ) has announced to recall more than 300,000 units of its four-door sedan, Chevrolet Impala, due to a problem with its seat belts. The National Highway Traffic Safety Administration has indicated that the seat belts in the front seats are likely to fail to restrain people during a crash.
The recall affected Impalas manufactured in 2009 and 2010. Of the total recalled vehicles, 303,100 vehicles were sold in the U.S. and more than 19,000 in Canada. GM is not aware of any … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Earnings Preview: Johnson & Johnson

Posted: 18 Oct 2010 02:05 PM PDT

Johnson & Johnson (NYSE:JNJ) is slated to report its third quarter 2010 earnings on Oct. 19, 2010. The current Zacks Consensus Estimate for the third quarter is $1.15 per share, representing a year-over-year decline of 4.3%.
Johnson & Johnson has surpassed earnings estimates in three of the last four quarters and reported in line with the Zacks Consensus Estimate in the second quarter of 2010 (with a trailing four-quarter average of 4.30%). The company is expected to deliver an in-line … [visit site to read more] or compare Best Credit Cards and Best CD Rates

IBM Tops, But Shares Drop

Posted: 18 Oct 2010 02:05 PM PDT

Investors knew what they were doing when pushing shares of IBM (NYSE:IBM) to within a stone’s throw of its 52-week high in the run-up to its third-quarter report.
After the bell on Monday, IBM announced earnings per share of $2.82 for the quarter, which beat the Zacks Consensus Estimate of $2.75 by about 2.5%. This was the 12th straight quarter with a positive earnings surprise. In fact, the worst that the company has done in the past several years has been to match expectations.
The result was … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Constellation Offers To Sell Assets

Posted: 18 Oct 2010 02:05 PM PDT

Energy utility Constellation Energy Group Inc.(NYSE:CEG) offered to dispose its interest in a Maryland nuclear power plant to its French partner Electricite de France at the bargain price of $1. However, Constellation will ask its French partner to reimburse expenses of $117 million, which the company had incurred while developing the nuclear asset.
With a view to constructing the third nuclear reactor at Constellation’s Calvert Cliffs plant in Maryland, the companies entered into a joint venture … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Earnings Preview: Boston Scientific

Posted: 18 Oct 2010 01:35 PM PDT

Boston Scientific (NYSE:BSX) is scheduled to release its third quarter fiscal 2010 earnings on October 19, 2010 after the market close. The company is expected to report EPS and revenue of 6 cents and $1.91 billion, respectively, during the quarter, according to the Zacks Consensus Estimate.

Previous Quarter Highlights

Boston Scientific reported an adjusted EPS (excluding goodwill impairment-related credits, restructuring-related charges and amortization expense) of 6 cents for the second … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Allegheny Headed For A Tough 3Q

Posted: 18 Oct 2010 01:35 PM PDT

Specialty metal maker Allegheny Technologies Incorporated (NYSE:ATI) is slated to release its third quarter 2010 results on October 26, 2010. Allegheny has projected third quarter 2010 net income of 26 cent (before extraordinary charges). Adjusting for special items, the company expects to earn 1 cent per share.
The forecasted earnings per share is substantially below the Zacks Consensus Estimate of 30 cents. For the year, the consensus estimate is pegged at $1.40 per share.
Allegheny expects … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Earnings Preview: New York Times

Posted: 18 Oct 2010 01:35 PM PDT

The New York Times Company (NYSE:NYT), a diversified media conglomerate, is scheduled to report its third-quarter 2010 financial results before the bell on Tuesday, October 19, 2010. The current Zacks Consensus Estimate for the quarter is 5 cents a share.
Second-Quarter 2010, a Synopsis  
The New York Times Company posted better-than-expected second-quarter 2010 results that topped the Zacks’ expectations. The quarterly earnings of 18 cents a share surpassed the Zacks Consensus Estimate of 14 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Lackluster 3Q For Universal Forest

Posted: 18 Oct 2010 01:06 PM PDT

Universal Forest Products Inc. (NASDAQ:UFPI) reported disappointing results for the third quarter of 2010 with net income falling despite healthy top-line growth. Net income plummeted 74.3% year over year to $2.6 million, or 13 cents per share compared with $10.1 million or 51 cents per share in the third quarter of 2009. Earnings per share also fell short of the Zacks Consensus Estimate of 52 cents.
The fall in net income was due to a 9.7% increase in lumber costs during the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Acergy Misses But Backlog Swells

Posted: 18 Oct 2010 12:35 PM PDT

Norwegian oilfield contractor Acergy S.A. (ACGY) reported slightly weaker-than-expected third-quarter (ending August 31, 2010) results, weighed down by lower activity levels in the North Sea and Asia-Pacific, and higher expenses. These factors were partially offset by good project execution skills and solid activity levels in West Africa.
Earnings per ADR from continuing operations came in at 24 cents, below the Zacks Consensus Estimate of 26 cents and the prior-year profit of 29 cents.
Revenue … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Another Weak Quarter For Valmont

Posted: 18 Oct 2010 12:35 PM PDT

The third quarter 2010 net earnings of Valmont Industries Inc.(NYSE:VMI), a leading producer of engineered products, plunged 36% to 98 cents per share from last years' $1.53, and missed the Zacks Consensus Estimate by 11 cents.
The lower-than-expected earnings were a result of higher costs. Cost of sales climbed 33% to $395 million in the quarter leading to a 25% decline in operating income. Operating margins came in at 9% versus 14.5% in the year-ago period.

Quarterly revenues, however, jumped … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Solid Third Quarter For Entergy

Posted: 18 Oct 2010 12:35 PM PDT

Based on the outperformance at Entergy Corporation's (NYSE:ETR) utility and parent company operations in the September quarter, management expects earnings in the third quarter of 2010 to rise 13% from the year-ago level. Entergy anticipates earnings to come in at $2.61 per share compared to $2.32 in the year-ago quarter.
Entergy's operating earnings in the quarter are expected to rise to $2.75 per share from $2.40 in the third quarter of 2009. The company's preliminary projections for the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Dejour’s 3rd Well Successful

Posted: 18 Oct 2010 12:35 PM PDT

Dejour (DEJ) announced the successful drilling of a third well on its Woodrush property in northeastern British Columbia. The new well should be producing oil at a rate of 300 to 400 barrels of oil per day by the end of October.

As a result, total field production should increase to between 1100 and 1200 barrels of oil equivalent (BOE) per day. We are raising our fourth quarter estimate from $0.01 to $0.02, and our full year estimate to breakeven from a loss of $0.01.

We reiterate our … [visit site to read more] or compare Best Credit Cards and Best CD Rates

“Market Stuck Between Two Concepts…financial Stocks And Liquidity”

Posted: 18 Oct 2010 12:18 PM PDT

10/18/10 Raven Securities’ Maier Tarlow discusses the bank and technology sector, and forecast for the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

It’s Time To Clean House

Posted: 18 Oct 2010 12:02 PM PDT

If you buy into the notion that the market is really going to take off in 2011 and you have most of your cash invested then you probably already have stocks with 20-30% profits. The question your probably asking yourself is “When should I sell?”
I just had that conversation with my wife. She subscribes to an investment service that tells her to sell half a position that’s met its price objective so she can then play with the houses money. The only problem is that she then takes those profits … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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