Wednesday, October 20, 2010

DailyMarkets.com - Stock Picks For Thursday: Coca-Cola, NVIDIA, Melco Crown Entertainment

DailyMarkets.com - Stock Picks For Thursday: Coca-Cola, NVIDIA, Melco Crown Entertainment

Stock Picks For Thursday: Coca-Cola, NVIDIA, Melco Crown Entertainment

Posted: 20 Oct 2010 06:06 PM PDT

( click to enlarge )
NVIDIA Corporation (NASDAQ:NVDA) price action has remained under its daily 20-day moving average for some time, however, there are many positive divergences on RSI and Stochastic oscillators, which suggest a possible price reversal at these price levels. A break above $11.50 on a close basis would be bullish. Let’s keep an eye on it.

( click to enlarge )
The Coca-Cola Company (NYSE:KO) hit a new 52-week high today, trading as high as $61.68, before settling at a close … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Seagate Misses Again

Posted: 20 Oct 2010 05:05 PM 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

An Opening To A Broader Movement?

Posted: 20 Oct 2010 04:37 PM PDT

Recent turmoil in the mortgage foreclosure market has created an opening for those who bought the dodgy mortgage-backed securities sold by banks and brokers to ask for their money back.
In essence, many are claiming they are owed a refund because they acquired “a lemon” or a bill of goods — something that might not even be worth the paper it was printed on (if there is even a piece of paper involved).
At a time when money is tight and economic prospects are poor, would it be surprising … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Crude Oil Inventory Watch: Surplus Grows Slightly, Demand Remains Weak

Posted: 20 Oct 2010 04:01 PM PDT

Inventories
The Department of Energy reported that in the week ending October 15th, 2010, U.S. crude oil inventories increased by 0.7 million barrels, gasoline inventories increased by 1.1 million barrels, distillate inventories decreased by 2.1 million barrels, and total petroleum inventories decreased by 2.0 million barrels.

This latest report arrested a three week trend in which the total petroleum surplus had been declining. The surplus to the 5-year average now stands at 96.769 million, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Intel To Invest $8 Billion In Manufacturing Plants

Posted: 20 Oct 2010 04:00 PM PDT

10/20/10 Intel announced Tuesday that it is investing up to $8 billion in microchip manufacturing plants that will create thousands of new … [visit site to read more] or compare Best Credit Cards and Best CD Rates

General Dynamics Wins Boeing Deal

Posted: 20 Oct 2010 03:35 PM PDT

Aerospace and defense operator General Dynamics (NYSE:GD) announced that its unit General Dynamics Armament and Technical Products signed a deal worth $17 million with Boeing Company (NYSE:BA). As per the contract, General Dynamics’ unit will will produce components and spare parts for Boeing’s C-17 Globemaster III aircraft.
General Dynamics Armament and Technical Products provides a broad range of system solutions for military and commercial applications and has been supplying components for … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Antiviral Franchise Drives Gilead

Posted: 20 Oct 2010 03:35 PM PDT

Gilead Sciences' (NASDAQ:GILD) third quarter 2010 earnings of $0.85 (excluding special items but including stock-based compensation expense) was a penny above the Zacks Consensus Estimate and well above the year-ago earnings of $0.74. The improved showing in the reported quarter was mainly attributable to strong sales of antiviral products.
Revenues climbed 8% to $1.94 billion, marginally above the Zacks Consensus Revenue Estimate of $1.93 billion. Foreign exchange (Fx) fluctuations adversely … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Embraer Signs Phenom Contract

Posted: 20 Oct 2010 03:35 PM PDT

The largest Brazilian aircraft manufacturer, Empresa Brasileira de Aeronautica S.A., or Embraer (NYSE:ERJ), formed a $1.0 billion agreement with NetJets Inc., worldwide leader in private aviation, to supply 50 Phenom 300 executive jets, with an option of up to 75 jets. The delivery of the same will begin from fiscal 2013.
In the middle of October 2010, Embraer signed an agreement with Air Lease Corp., for the delivery of 15 firm EMBRAER 190 jets from June 2011.
During the third quarter of fiscal … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Walter Downgraded To Underperform

Posted: 20 Oct 2010 03:35 PM PDT

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

CME Group Begins OTC Swaps Clearing

Posted: 20 Oct 2010 03:35 PM PDT

In order to guard the financial system from defaults and ensure more transparency, CME Group Inc. (NASDAQ:CME) has launched a new service for providing clearing services to the $400 million over-the-counter (OTC) interest rate swaps through its CME Clearing.
Until now, such derivatives were traded privately and the swap markets were controlled by the banks. However, the sweeping Wall Street reform bill passed in July 2010 has compelled most of the $615 trillion interest-rate, credit-default and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Mazda Denies Ford’s Cut In Stake

Posted: 20 Oct 2010 03:05 PM PDT

Japan's Mazda Motor Corporation has dismissed the report of Ford Motor Co.'s (NYSE:F) reduction in stake in the company, stating that their 31-year strategic partnership will remain unaltered. The company's President and Chief Executive, Takashi Yamanouchi, has also stated that Mazda is not interested in any other tie-up other than with Ford.
Recently, rumors have spread that Ford is likely to sell most of its remaining stake in Japan's Mazda Motor Corp. from 11% to less than 3% by the end … [visit site to read more] or compare Best Credit Cards and Best CD Rates

NuStar

Posted: 20 Oct 2010 03:05 PM PDT

NuStar Logistics, a wholly owned operating subsidiary of NuStar Energy L.P (NS), has signed a pipeline connection and capacity lease agreement with the privately held company Koch Pipeline Company, L.P. The financial terms of the deal were not disclosed.
Under the terms of the deal, NuStar will reactivate and operate the once idle Pettus South Pipeline. This 60 miles long pipeline, extending from Texas to Corpus Christi will then be leased to Koch Pipeline.
Koch Pipeline plans to combine the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Patterson-UTI Upped To Outperform

Posted: 20 Oct 2010 03:05 PM PDT

We have upgraded onshore contract driller Patterson-UTI Energy Inc. (PTEN) shares to Outperform from Neutral, reflecting its promising future prospects.
The company, which had a heavy spot market exposure, was hit badly by the financial crisis with operators tending to release land rigs to preserve cash. However, Patterson-UTI Energy has recovered almost all its lost market share, benefiting from its growing premium land rig fleet and the current boom in pressure pumping services (an umbrella … [visit site to read more] or compare Best Credit Cards and Best CD Rates

The Day Ahead: US Jobless Claims, Chinese CPI, PPI & 3Q GDP

Posted: 20 Oct 2010 03:00 PM PDT

10/21/10 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

Earnings Preview: Hershey

Posted: 20 Oct 2010 02:35 PM PDT

The Hershey Company (NYSE:HSY), one of the leading U.S. producers of confectionery products, is scheduled to report its third-quarter 2010 financial results on Thursday, October 21, 2010. The current Zacks Consensus Estimate for the quarter is 79 cents a share.
Second-Quarter 2010, a Synopsis

Hershey posted better-than-expected second-quarter 2010 results that topped the Zacks’ expectations. The quarterly earnings of 51 cents a share beat the Zacks Consensus Estimate of 47 cents, and rose 18.6% … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Strayer Education In Neutral Lane

Posted: 20 Oct 2010 02:35 PM PDT

Strayer Education Inc. (NASDAQ:STRA) is a prominent playerin the for-profit post-secondary education industry. The company's sustained effort to expand educational programs and open new campuses has boosted enrollments and the top line.
Total revenues in second-quarter 2010 grew 26% to $159.3 million. The educational institute stated that total enrollment for the 2010 summer term jumped 23% to 52,221 students. The company informed that total campus-based students rose 22% to 46,872, and online … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Earnings Preview: Union Pacific

Posted: 20 Oct 2010 02:35 PM PDT

Union Pacific Corp. (NYSE:UNP) is slated to release its third quarter 2010 results on Thursday, October 21. The current Zacks Consensus Estimate for the third quarter is $1.50, representing a handsome annualized growth of 47.13%.
With respect to earnings surprise, over the trailing four quarters, Union Pacific outperformed the Zacks Consensus Estimate for all four quarters. The average earnings surprise was a positive 6.72%, implying that the company has outdone the Zacks Consensus Estimate by the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Earnings Preview: Chipotle

Posted: 20 Oct 2010 02:35 PM PDT

Fast food restaurant chain Chipotle Mexican Grill Inc. (NYSE:CMG) is slated to release its third quarter 2010 results on Thursday, October 21. The current Zacks Consensus Estimate for the third quarter is $1.30 per share, representing an annualized growth of 20.3%.
With respect to earnings surprises, Chipotle has outperformed the Zacks Consensus Estimate for all the trailing four quarters in a range of 5.0% to 25.3%. The average earnings surprise was a positive 18.8%. This implies that the company … [visit site to read more] or compare Best Credit Cards and Best CD Rates

EBay & Netflix Impress With Strong Earnings

Posted: 20 Oct 2010 02:10 PM PDT

10/20/10 After Wednesday’s closing bell, investors were focused on earnings from tech giants eBay and Netflix, and the results were … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Decent 3Q For Juniper Networks

Posted: 20 Oct 2010 02:05 PM PDT

Juniper Networks Inc. (NASDAQ:JNPR) posted adjusted earnings per share of 26 cents, in line the Zacks Consensus Estimate.
Revenues
Juniper Networks' revenues rose 23.0% year over year to $1.01 billion in the third quarter, but came in slightly below the Zacks Consensus Estimate of $1.02 billion. The company generated 79.1% of its consolidated quarterly revenue from product sales, with the remaining 20.9% coming from service revenues. The company witnessed growth in both product and services … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Analyst Interviews: Coal Industry Outlook

Posted: 20 Oct 2010 01:55 PM PDT

The outlook for the coal industry has revived materially from the weakness experienced in 2008 and 2009, driven by several powerful trends in the U.S. and Asia. Various recent economic indicators suggest that the U.S. economy regaining its stability, bringing about a rebound in various industries – the coal industry being one of them.

According to the U.S. Energy Information Administration (EIA), coal production in 2009 fell by nearly 8.5% in response to lower U.S. coal consumption, fewer … [visit site to read more] or compare Best Credit Cards and Best CD Rates

VMware’s Third Quarter Beat

Posted: 20 Oct 2010 01:55 PM PDT

VMware (NYSE:VMW) reported strong third quarter 2010 results based on robust revenues and operating margin growth, partially offset by weak bookings outlook and a sluggish cash flow growth.
Earnings (including stock-based compensation but excluding one time items) of 24 cents per share were up from the year-ago quarter of 11 cents. Earnings beat the Zacks Consensus Estimate of 22 cents per share.
Robust results at VMware indicate increased growth opportunity and diversity of its products. Moreover … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Mixed Results From Textron

Posted: 20 Oct 2010 01:55 PM PDT

Textron Inc. (NYSE:TXT) announced third quarter 2010 operating earnings of 13 cents per share versus 12 cents in the year-ago quarter, reflecting growth of 8.4%. The third quarter results easily surpassed the Zacks Consensus Estimate of 8 cents. 
Textron reported a GAAP loss for the third quarter of 2010 of 17 cents per share, versus an operating income of 2 cents in the year-ago quarter. The difference between GAAP and operating earnings, during the third quarter, was owing to a 30-cent per … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Earnings Preview: Baxter

Posted: 20 Oct 2010 01:55 PM PDT

Baxter International (NYSE:BAX) is slated to report third quarter 2010 results on Thursday, October 21, 2010. The current Zacks Consensus Estimate for the third quarter is 97 cents per share, representing an estimated 0.66% annualized deceleration.
For the third quarter, Baxter's sales growth, excluding the impact of foreign currency, is expected to range from 1% to 3%. Further, the company expects sales growth in the same range, in constant currency, in fiscal 2010. The current Zacks Consensus … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Intuitive EPS Beats, Sales Miss

Posted: 20 Oct 2010 01:55 PM PDT

Intuitive Surgical Inc. (NASDAQ:ISRG) reported third quarter 2010 earnings per share of $2.14, beating the Zacks Consensus Estimate of $2.09 and surpassing the year-ago quarter's figure of $1.64. Excluding $6.3 million of deferred revenues (recognized in the third quarter of 2009), earnings per share for the year-ago quarter would have been $1.55.
Revenues
Total revenue increased 22.9% year over year to $344 million but fell short of the Zacks Consensus Estimate of $349 million. The year-over-year … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Earnings Preview: McDonald’s

Posted: 20 Oct 2010 01:36 PM PDT

McDonald's Corporation (NYSE:MCD) is slated to release its third-quarter 2010 results on Thursday, Oct 21, before the market opens. The current Zacks Consensus Estimate for the third quarter is $1.24 per share, representing annualized growth of 8%.

With respect to earnings surprises, over the trailing four quarters, McDonald's has outperformed the Zacks Consensus Estimate for all the four quarters in a range of 0.89% to 7.29%. The average earnings surprise was a positive 3.19%. This implies … [visit site to read more] or compare Best Credit Cards and Best CD Rates

BHP Reports Higher Production

Posted: 20 Oct 2010 01:36 PM PDT

Mining giant BHP Billiton Ltd. (NYSE:BHP) reported a 6% year-over-year increase in its iron ore production for the first quarter of fiscal 2011 ending Sep 30, 2010.
BHP Billiton sustained a production loss based on the dissolution of the joint venture with Rio Tinto (NYSE:RTP). The joint venture would have substantially increased BHP Billiton's iron ore production in future. The joint venture for producing iron ore in Australia was dissolved with no break fee when it was disapproved by some of the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Closing Bell Market Monitor: AMR, DAL, WFC

Posted: 20 Oct 2010 08:31 AM PDT

10/20/10 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

Stanley Beats Estimate, Ups Guidance

Posted: 20 Oct 2010 01:06 PM PDT

Stanley Black & Decker (NYSE:SWK) reported its financial results for the third quarter of 2010 with earnings per share from continuing operations of 97 cents, up roughly 26% from 77 cents in the comparable quarter of 2009. EPS also surpassed the Zacks Consensus Estimate of 89 cents.
 
Net income from continuing operations soared 166% year over year to $164.6 million, compared with $61.8 million in the third quarter of 2009. Increase in net income was due primarily to growth in revenue … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Eaton Outdoes Estimates

Posted: 20 Oct 2010 01:06 PM PDT

Eaton Corporation (NYSE:ETN) reported robust third quarter 2010 results mainly upon a 14% end-market growth. 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 $1.25 – $1.35. In the year-ago period, the Cleveland, Ohio-based company earned $1.21 per share.
 
Operating Results
 
Total quarterly revenues of $3.6 billion exceeded the Zacks Consensus Estimate of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Amphenol Beats Estimates

Posted: 20 Oct 2010 12:35 PM PDT

Amphenol Corporation (NYSE:APH) has reported an EPS of 78 cents in the third quarter of 2010, including a benefit of $8 million or 5 cents per share relating to a reduction in tax expense for tax reserve adjustments, primarily related to the completion of the audits of certain prior-year tax returns.
Excluding these items, EPS was 73 cents, beating the Zacks Consensus Estimate of 68 cents. Management had forecasted an EPS of 67 cents – 69 cents. Net income jumped 69.6% year over year to $137.3 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

M&I Misses, But Losses Trim

Posted: 20 Oct 2010 12:35 PM PDT

Marshall & Ilsley Corporation's (NYSE:MI) third quarter 2010 loss of 32 cents per share was higher than the Zacks Consensus Estimate of a loss of 25 cents. However, the loss significantly narrowed down from 68 cents reported in the year-ago quarter.
Though the results for the reported quarter benefited from a lower provision for loan and lease losses, increased non-interest expenses and lower average loans and leases acted as the headwinds.
M&I's third quarter net loss came in at … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Strong Quarter For Badger Meter

Posted: 20 Oct 2010 12:35 PM PDT

Badger Meter Inc. (NYSE:BMI) delivered a strong third quarter which ended September 30, 2010, with record EPS of 60 cents, up 28% from 47 cents in the year ago quarter and surpassing the Zacks Consensus Estimate of 52 cents. The strong results were driven by robust sales across all of its product lines as well as lower effective income tax rate compared with the year-ago quarter.
Revenue
Total revenue in the quarter jumped 25% year-over-year to $75.7 million, another record; surpassing the Zacks … [visit site to read more] or compare Best Credit Cards and Best CD Rates

10/20 FX Options Report

Posted: 20 Oct 2010 12:26 PM PDT

The USD pared back gains, that followed the surprise rate hike from China’s central bank. US stocks bounced back from the selloff in the previous … [visit site to read more] or compare Best Credit Cards and Best CD Rates

EnCana Earnings Falter, Cuts View

Posted: 20 Oct 2010 12:05 PM PDT

EnCana Corp. (ECA) — Canada's largest natural gas producer — reported weak third quarter results, primarily reflecting low natural gas prices, partially offset by higher volumes. Operating earnings per share, excluding one-time items, came in at 13 cents, missing the Zacks Consensus Estimate of 22 cents and way below the year-ago income of 50 cents.
However, revenues (net of royalties) came in at $2.4 billion, up 6.8% year-over-year and also beat the Zacks Consensus Estimate of $1.7 billion … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Hudson City Misses By A Penny

Posted: 20 Oct 2010 12:05 PM PDT

Hudson City Bancorp's (NASDAQ:HCBK) third-quarter earnings came in at 25 cents per share, just a penny behind the Zacks Consensus Estimate of 26 cents. This also compares unfavorably with the earnings of 27 cents in the prior-year quarter.
The results were primarily affected by lower interest and dividend income, increased non-interest expense and higher provision for loan losses. However, lower interest expense and higher service charges and other income were among the positives.
Quarter in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stryker Outperforms, Ups View

Posted: 20 Oct 2010 12:05 PM PDT

Medical technology giant Stryker Corporation (NYSE:SYK) reported strong third-quarter fiscal 2010 results with adjusted earnings per share of 80 cents beating the Zacks Consensus Estimate of 77 cents and surpassing the year-ago earnings of 69 cents. Adjusted earnings exclude one-time items such as gain on sale of the company's orthopaedic implants manufacturing facility in France and tax adjustments.
Healthy sales from the MedSurg Equipment business boosted net income, which catapulted 47.5% … [visit site to read more] or compare Best Credit Cards and Best CD Rates

UTX Beats On Lower Revenue

Posted: 20 Oct 2010 12:05 PM PDT

United Technologies Corp. (UTX) reported third-quarter earnings per share from continuing operations of $1.43, above the Zacks Consensus Estimate of $1.28. The year-over-year increase in the company's earnings, along with improved margin, was led by the sustained cost reduction efforts of the company.

Revenue

Total revenue in the quarter increased by 1% year over year to $13.5 billion, including organic growth of 3% and a negative impact from foreign currency translation of 1%. Revenue … [visit site to read more] or compare Best Credit Cards and Best CD Rates

$US: A Reversal Or Consolidation Pattern

Posted: 20 Oct 2010 12:03 PM PDT

In one sense, we’ve been fortunate living in the US because it’s made the value of our savings and assets stable. That may soon be changing however. The high national debt level is interfering with the $US position as the worldwide de facto store of wealth, the place to where everyone runs to protect the value of their assets from political stress, monetary upheaval or military conflict.
The spotlight will be directed again this weekend on foreign exchange as the G-20 group of the central … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Positive Economic News Updates

Posted: 20 Oct 2010 11:30 AM PDT

1. The Leading Economic Index (LEI) for France increased in August by 0.90%.  According to the Conference Board, the LEI for France has been on an upward trend since April 2009.  

Out of 10 countries and the Euro area that are tracked by the Conference Board, all are showing positive LEIs for August except Korea.  The U.S. LEI will be released tomorrow for September.

2. “Colorado’s tax collections were higher than expected in September, continuing an overall trend of growth in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Quote Of The Day: China Should Worry, Not Us

Posted: 20 Oct 2010 11:00 AM PDT

From the always-insightful Scott Grannis today:

“The Chinese sell us mountains of cheap goods, then turn around and invest most of the proceeds (equivalent to our trade deficit with China) in U.S. Treasury securities. We get the goods, and we get to keep the money. Then we devalue the dollar, and they lose on their investment. Why we would want them to stop doing this is beyond me, though if I were a Chinese citizen, I would be furious with my government for directing such massive quantities … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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