Monday, October 25, 2010

DailyMarkets.com - Stock Picks For Tuesday: Applied Materials, Netflix, Royale Energy, A123 Systems

DailyMarkets.com - Stock Picks For Tuesday: Applied Materials, Netflix, Royale Energy, A123 Systems


Stock Picks For Tuesday: Applied Materials, Netflix, Royale Energy, A123 Systems

Posted: 25 Oct 2010 06:05 PM PDT

( click to enlarge )
Applied Materials, Inc. (NASDAQ:AMAT)  is in a good medium-term uptrend. The price has bounced off the low of $10.27 touched in late August. If you have purchased at lower levels and are sitting on meaningful profits, hold with a stop at $11.59. The price can head towards the 12.41-12.50 zone. If this zone is surpassed, getting to $13.16 would be a possibility. Add to your position once there is a close above $12.51.

( click to enlarge )
Netflix, Inc. (NASDAQ:NFLX) is … [visit site to read more] or compare Best Credit Cards and Best CD Rates


World Demographic Changes – How It Will Affect You And Your Investments

Posted: 25 Oct 2010 05:01 PM PDT

Have you thought of if and how demographic change will affect you and your investments over the next 10 to 20 years?

It’s not really a topic that has interested me until about a year ago when I ran into a book called Europe’s Demographic Future: Growing Regional Imbalances.

I started reading, reluctantly at first, but then became completely absorbed by the topic.

Demographics are probably the only variable that powerfully affects the future of a country that can be predicted with … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Trading: USDJPY Continues To Bump Against 80.88 Resistance

Posted: 25 Oct 2010 04:59 PM PDT

The 80.84-88 level in the USDPY was the low water marks from October 15th to todays break.  A move back above the level should solicit some additional covering with the 81.00 and 81.12 the next upside targets.  The 81.12 was a floor level form most of the period from the 15th to the 18th. It is also where the 100 hour MA is currently found. Until the market breaks above the 80.88 level, however, there should be continued selling … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Set To Go Off

Posted: 25 Oct 2010 04:47 PM PDT

Ever since the financial crisis first erupted, the apparent goal of those in charge has been to try and kick each can — er, problem — down the road until things somehow improve or so that somebody else would get stuck with cleaning up the mess.
Of course, all they’ve really done is create the equivalent of a toxic waste dump, filled with little time bombs capable of wreaking widespread economic and financial havoc. Based on the following Minyanville commentary, “The Fiscal Disaster Set to … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Trading: EURUSD Below 100 Hour MA And 50% Retracement

Posted: 25 Oct 2010 04:30 PM PDT

Watching the correction off the low in the EURUSD. The 100 hour MA and the 50% retracement are both at 1.3928.  Staying below these levels should keep the pressure on the EURUSD.  The next support level will come in at the 1.3892 which were low spikes on Friday and Thursday of last … [visit site to read more] or compare Best Credit Cards and Best CD Rates


PCL Disappoints & Guides Lower

Posted: 25 Oct 2010 04:05 PM PDT

Plum Creek Timber Co. Inc. (NYSE:PCL) reported third quarter 2010 earnings of 20 cents per share, coming short of the Zacks Consensus Estimate of 24 cents per share. Earnings were up 66.7% from the previous-year quarter.
Revenues not only dropped 11.9% from the previous-year quarter to $259 million, but were short of the Zacks Consensus of $272 million. Revenues were affected by the 46.6% decline in the Real Estate segment.
Gross profit increased 22.4% from the previous year … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Production Plans Revised For GM’s Volt Hybrid

Posted: 25 Oct 2010 04:00 PM PDT

10/25/10 General Motors appears to have once again upped its production expectaitons for the hybrid-electric Chevrolet Volt … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Harris Beats Estimates

Posted: 25 Oct 2010 03:35 PM PDT

Harris Corp. (NYSE:HRS) reported first quarter 2011 earnings of $1.28 per share beating Zacks Consensus estimates of $1.24.
With respect to earnings surprise, over the trailing four quarters, Harris has outperformed the Zacks Consensus Estimate. The average earnings surprise was a positive 9.09%, implying that the company has outdone the Zacks Consensus Estimate by the same magnitude over the last four quarters. Harris thus reiterated the trend one more time.
The earnings also increased 54.2% … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Army Contract For General Dynamics

Posted: 25 Oct 2010 03:35 PM PDT

Aerospace and defense company General Dynamics Corporation  (NYSE:GD) announced it received a contract worth $187 million from the U.S. Army, which raised the ceiling of the previously awarded contract from the Army to $2.68 billion.
This contract is a part of Common Hardware Systems – 3 program, by which the company provides hardware and software support to the U.S. Army for developing systems network of the defense departments.
As per the new contract, General Dynamics’ operating unit, … [visit site to read more] or compare Best Credit Cards and Best CD Rates


DP World: Shipping Back To Pre-Recession Levels

Posted: 25 Oct 2010 03:28 PM PDT

Dubai-based DP World is one of the world’s largest marine terminal operators, with 50 terminals and 11 new developments and major expansions across 31 countries.  From its latest report:

“Global marine terminal operator DP World announced it handled 13 million TEUs (20-foot equivalent container units) in the third quarter of the year, an increase of 14% against the same period last year, and a 15% increase for the first nine months of the year to 36.7 million against the comparable … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Trading: EURUSD Falls Below The 200 Hour MA

Posted: 25 Oct 2010 03:14 PM PDT

The EURUSD has broken below the 200 hour MA at the 1.3953 level.  Looking for momentum to the downside. The next key level to breach would be the 1.3926-28. The 1.3928 is the midpoint of the October 15th to October 20th high to low trading range. The 1.3926 level is the 100 hour … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Harris Beats Estimates

Posted: 25 Oct 2010 03:05 PM PDT

Harris Corp. (NYSE:HRS) reported first quarter 2011 earnings of $1.28 per share beating Zacks Consensus estimates of $1.24.
With respect to earnings surprise, over the trailing four quarters, Harris has outperformed the Zacks Consensus Estimate. The average earnings surprise was a positive 9.09%, implying that the company has outdone the Zacks Consensus Estimate by the same magnitude over the last four quarters. Harris thus reiterated the trend one more time.
The earnings also increased 54.2% … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Texas Instruments Outperforms

Posted: 25 Oct 2010 03:05 PM PDT

Dallas-based Texas Instruments (NYSE:TXN) reported fiscal 3rd quarter earnings for 2010 after the closing bell Monday. Texas Instruments beat estimates on both the top and bottom lines: revenues came in at $3.74 billion for the quarter and EPS of 71 cents per share, topping the Zacks Consensus Estimates of $3.69 billion and 69 cents per share, respectively. Year over year EPS growth is up an impressive 69% from 42 cents per share in the 3rd quarter of 2009.

Although Texas Instruments had a … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Earnings Preview: Symantec Corp.

Posted: 25 Oct 2010 03:05 PM PDT

Symantec Corp. (NASDAQ:SYMC) is scheduled to announce its second quarter fiscal 2011 results on October 27 after market close, and we do not see any variation in analyst estimates at this point.
First Quarter Overview
Symantec reported encouraging first quarter fiscal 2011 numbers, with earnings per share of 35 cents beating the Zacks Consensus Estimate by 3 cents.
Symantec reported first quarter revenue of $1.43 billion, flat with the year-earlier quarter, but above the Zacks Consensus Estimate of … [visit site to read more] or compare Best Credit Cards and Best CD Rates


The Day Ahead: Earnings Report, US Consumer Confidence

Posted: 25 Oct 2010 03:00 PM PDT

10/26/10 The stories, data, and stocks that may have the greatest impact during the next trading … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/USD Up On Economic Data, Earnings

Posted: 25 Oct 2010 02:50 PM PDT

The Euro was higher against the U.S. Dollar on Monday after the release of U.S. data on Existing Home Sales.

EUR/USD was trading at 1.3968, up 0.02% at time of writing.

The pair was likely to find support at 1.3699, Wednesday's low, and resistance at 1.4080, today's high.

Earlier in the day, industry data showed that existing home sales rose more-than-expected to a seasonally adjusted annual rate of 4.53M last month from 4.12M in the preceding month whose figure was revised down from … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Halliburton Stays Neutral Post-3Q

Posted: 25 Oct 2010 02:35 PM PDT

We retain our Neutral recommendation on Halliburton Company (HAL), following the impressive third quarter 2010 results, driven by an increased activity in the unconventional oil and gas shale plays in North America that counterbalanced a flat international performance.
Third Quarter Recap
During the quarter, Halliburton reported earnings per share, excluding special items, of 58 cents, surpassing the Zacks Consensus Estimate of 56 cents and were comfortably ahead of the year-ago adjusted profit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Halliburton Stays Neutral Post-3Q

Posted: 25 Oct 2010 02:35 PM PDT

We retain our Neutral recommendation on Halliburton Company (HAL), following the impressive third quarter 2010 results, driven by an increased activity in the unconventional oil and gas shale plays in North America that counterbalanced a flat international performance.
Third Quarter Recap
During the quarter, Halliburton reported earnings per share, excluding special items, of 58 cents, surpassing the Zacks Consensus Estimate of 56 cents and were comfortably ahead of the year-ago adjusted profit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Alliant Wins Navy Contract

Posted: 25 Oct 2010 02:35 PM PDT

Alliant Techsystems Inc. (NYSE:ATK) has been awarded a $67 million contract to produce the AAR-47 Missile Warning System Weapon Replaceable Assemblies (WRAs) for the U.S. Navy.
Under the contract, Alliant will produce new and retrofit components, including optical sensors, control indicators and computer processors.
Alliant's AAR-47 Missile Warning System, an electronic warfare system, protects helicopters and aircraft from surface-to-air missile threats. The combat-proven system is capable of … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Earnings Preview: Newell Rubbermaid

Posted: 25 Oct 2010 02:35 PM PDT

Newell Rubbermaid Inc. (NYSE:NWL) is scheduled to release its third-quarter 2010 results on Friday, October 29. The Zacks Consensus Estimate for the quarter is pegged at 41 cents a share.
Second Quarter Performance
Newell Rubbermaid logged a strong 23.4% growth in second-quarter 2010 GAAP earnings, reaching $130.4 million from $105.7 million in the year-ago quarter. Excluding special items, adjusted earnings per share came in at 51 cents, which easily surpassed the Zacks Consensus Estimate of 44 … [visit site to read more] or compare Best Credit Cards and Best CD Rates


BREAKING NEWS: Todd Combs To Become Investment Officer At Berkshire Hathaway

Posted: 25 Oct 2010 02:32 PM PDT

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


Forex – AUD/USD Up On Economic Data

Posted: 25 Oct 2010 02:30 PM PDT

The Australian Dollar was higher against the U.S. Dollar on Monday after the release of Australian data on PPI.

AUD/USD was trading at 0.9918, up 0.13% at time of writing.

The pair was likely to find support at 0.9669, Wednesday's low, and resistance at 0.9974, today's high.

Earlier in the day, official data showed that Australian producer price inflation rose more-than-expected to a seasonally adjusted 1.30% in the last quarter, from 0.30% in the preceding quarter.

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


Global Economic Recovery Watch: World Steel Output Rises In September To Pre-Recession Levels

Posted: 25 Oct 2010 02:08 PM PDT

Brussels – “World crude steel production for the 66 countries reporting to the World Steel Association was 112 million metric tons (mmt) in September. This is 0.9% higher than September 2009 and 3.5% higher than September 2008 when the global economic crisis started showing the impact on the world crude steel production. 

The U.S. produced 6.6 mmt of crude steel in September 2010, an increase of 15.0% compared to September … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Earnings Scorecard: Eaton Corp.

Posted: 25 Oct 2010 02:06 PM PDT

Following Eaton Corporation's (NYSE:ETN) robust third quarter 2010 earnings results on October 20, 2010, analyst sentiments on the stock were definitely positive. Company-wide end-market growth along with increased bookings drove Eaton's outperformance during the September quarter.
Earnings Review
Eaton Corporation earnings per share, excluding acquisition-related integration charges, came in at $1.60, beating the Zacks Consensus Estimate of $1.38 and exceeded the company's guidance range of … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – USD/JPY Down On Economic Data, Earnings

Posted: 25 Oct 2010 02:00 PM PDT

The U.S. Dollar was lower against the Japanese Yen on Monday after the release of U.S. data on Existing Home Sales.

USD/JPY was trading at 80.81, down 0.68% at time of writing.

The pair was likely to find support at 80.42, today's low, and resistance at 81.82, Thursday's high.

Earlier in the day, industry data showed that existing home sales rose more-than-expected to a seasonally adjusted annual rate of 4.53M last month from 4.12M in the preceding month whose figure was revised down … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Closing Bell Market Monitor: DHI, C, RSH, CTV

Posted: 25 Oct 2010 01:46 PM PDT

10/25/10 The latest in news, commentary, and information on what’s moving the US equities markets. Watch this broadcast LIVE at 4:00 pm EST daily @ … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Earnings Preview: Wyndham

Posted: 25 Oct 2010 01:15 PM PDT

Wyndham Worldwide Corporation (NYSE:WYN), a hospitality company engaged in offering individual as well as business customers a range of hospitality products and services, is slated to release its third quarter 2010 results on Tuesday, October 26, before market open. The current Zacks Consensus Estimate for the third  quarter is 63 cents per share, representing an annualized growth of 9.36%.
With respect to earnings surprises, over the trailing four quarters, Wyndham has outperformed the Zacks … [visit site to read more] or compare Best Credit Cards and Best CD Rates


RLI Corp. Downgraded To Neutral

Posted: 25 Oct 2010 01:15 PM PDT

We are downgrading RLI Corp. (NYSE:RLI) to Neutral based on the lackluster performance in the Casualty segment along with escalating expenses. The Casualty segment was under pressure, owing to difficult economic conditions, especially in construction and transportation-related coverages.
General Liability, the largest product of the company under the Casualty segment, has remained soft over the past several quarters. Nearly 50% of the General Liability book relates to the construction … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Wright Medical Launches Pro-Stim

Posted: 25 Oct 2010 01:15 PM PDT

Wright Medical Group, Inc. (NASDAQ:WMGI), an international orthopedic medical devices company with a focus on the ankle and foot markets, recently announced the commercial launch of Pro-Stim Injectable Inductive Graft. The Pro-Stim graft is a new grafting material, which is either digitally implanted or inserted though a tiny needle. It hardens over time and is gradually replaced by the patients' new bone.
The Pro-Stim graft catapults on the clinical success of the company's earlier Pro-Dense … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Trade Deficit = Capital Inflow = BOP = 0

Posted: 25 Oct 2010 01:14 PM PDT

We hear a lot about the U.S. “trade deficit” or the “current account deficit,” but we don’t hear as much about the offsetting “capital account surplus” or “capital inflow” that has to exist when there’s a trade deficit.  For example, a Google search reveals three times more results for “current account deficit” (775,000) than for “capital account surplus” (224,000).  

The current account and capital account are the two main components of the U.S. Balance of Payments (BOP), … [visit site to read more] or compare Best Credit Cards and Best CD Rates


U.S. Markets Close Higher; Dow Jones Up 0.28%

Posted: 25 Oct 2010 01:10 PM PDT

Forex Pros – U.S. stocks were up after the closing bell on Monday.

At the close of U.S. trade, the Dow Jones Industrial Average rose 0.28%, the S&P 500 index gained 0.21%, while the Nasdaq 100 index climbed 0.44%.

Earlier in the day, industry data showed that existing home sales rose more-than-expected to a seasonally adjusted annual rate of 4.53M last month from 4.12M in the preceding month whose figure was revised down from 4.13M.

Analysts had expected existing home sales to rise to … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Earnings Preview: Eastman Kodak Company

Posted: 25 Oct 2010 01:06 PM PDT

Eastman Kodak Company (NYSE:EK) is set to announce another weak quarter on October 28. For the third quarter of fiscal 2010, the Zacks Consensus Estimate is a loss per share of 31 cents, worse than the loss per share of 23 cents in the year-ago quarter.
Second Quarter Highlights
On July 28, Kodak reported disappointing results for the second quarter of fiscal 2010. During the quarter, loss per share (excluding one-time items) was $0.51, down from the loss per share of $0.43 in the year-ago quarter … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Earnings Scorecard: Lockheed Martin

Posted: 25 Oct 2010 12:35 PM PDT

Lockheed Martin Corporation (NYSE:LMT), the defense goliath, fell short of market expectations on October 19 with its third quarter 2010 results. The tepid quarterly results have since triggered downward revisions of estimates among analysts.
Third Quarter Highlights
Lockheed Martin's third quarter 2010 earnings came in at $1.57, a penny shy of the Zacks Consensus Estimate of $1.58 and way below the year-ago quarterly earnings of $2.07. However, the reported quarter's results were affected by … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Pfizer Boosts Presence In Brazil

Posted: 25 Oct 2010 12:35 PM PDT

Pfizer Inc. (NYSE:PFE) continues to expand its presence in emerging markets. The company recently announced its intention to acquire a 40% stake in Brazilian generic drugs company, Laboratorio Teuto Brasileiro S.A.
Terms of the Deal
Pfizer will make an upfront payment of approximately $240 million. The company could also make a performance-based milestone payment. Besides this, the company could acquire the balance 60% of Teuto beginning in 2014. Teuto's shareholders could exercise an option to … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – USD/CAD Down Toward The End Of U.S. Session

Posted: 25 Oct 2010 12:30 PM PDT

The U.S. Dollar was lower against the Canadian Dollar on Monday after the release of U.S. data on Existing Home Sales.

USD/CAD was trading at 1.0182, down 0.81% at time of writing.

The pair was likely to find support at 1.0155, today's low, and resistance at 1.0347, Wednesday's high.

Earlier in the day, industry data showed that existing home sales rose more-than-expected to a seasonally adjusted annual rate of 4.53M last month from 4.12M in the preceding month whose figure was revised … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Home Sales Begin Rebound, Inventory Gauge Falls

Posted: 25 Oct 2010 11:43 AM PDT

From Brian Wesbury and Bob Stein:

“The homebuyer tax credit artificially boosted home sales in the Spring and then – after taking sales away from the future – the lapse of the credit caused a "hangover" in the Summer. Now sales are rebounding without artificial government support. Sales are up two months in a row and came in well above consensus expectations in September.” 

MP: The charts above help tell the “artificial stimulus and hangover” story.  After the homebuyer … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/USD Up On Economic Data, Earnings

Posted: 25 Oct 2010 11:30 AM PDT

The Euro was higher against the U.S. Dollar on Monday after the release of U.S. data on Existing Home Sales.

EUR/USD was trading at 1.3978, up 0.16% at time of writing.

The pair was likely to find support at 1.3699, Wednesday's low, and resistance at 1.4080, today's high.

Earlier in the day, industry data showed that existing home sales rose more-than-expected to a seasonally adjusted annual rate of 4.53M last month from 4.12M in the preceding month whose figure was revised down from … [visit site to read more] or compare Best Credit Cards and Best CD Rates


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