Tuesday, October 26, 2010

DailyMarkets.com - Stock Picks For Wednesday: Yahoo, NRG Energy, Plug Power, A123 Systems

DailyMarkets.com - Stock Picks For Wednesday: Yahoo, NRG Energy, Plug Power, A123 Systems

Stock Picks For Wednesday: Yahoo, NRG Energy, Plug Power, A123 Systems

Posted: 26 Oct 2010 06:05 PM PDT

( click to enlarge )
A123 Systems, Inc. (AONE) – The stock was very strong trading 2x normal daily volume. AONE had big buyers in it all day and looks ready to make another move tomorrow. I am keeping AONE on the list for the next few days and I expect to see the stock pop up to $11. The next major resistance level for the stock is located at $11.50. A close above this level would be very bullish. Pullbacks to $9-$9.50 are now a good entry point. The daily technical indicators are … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Quantitative Easing (QE2): Who’s Going To Get The Fed’s Printed Money?

Posted: 26 Oct 2010 05:01 PM PDT

Part 2 of a 6 Part Video Series on Quantitative Easing: In Part 1: Quantitative Easing Targets Asset Prices, Not Bank Reserves, we discussed how Mr. Bernanke's quantitative easing program is implemented via the Fed's eighteen primary dealers, not traditional banks.

We do not know the size of the Fed's program, nor do we know how the markets will react in the short-term. However, one thing we know with near certainty – a large quantity of newly printed money is going to flow … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Molex Surpasses With Record Revenue

Posted: 26 Oct 2010 04:30 PM PDT

Molex Inc. (NASDAQ:MOLX) reported first quarter 2011 earnings per share of 45 cents beating Zacks Consensus Estimates of 44 cents per share. The EPS includes the impact of investigative and legal costs related to unauthorized activities in Japan of $5.5 million ($3.5 million after-tax or $0.02 per share). EPS increased 15.4% sequentially and swung to profit with 600% increase year-over-year.
The strong growth in the quarter was primarily a result of new product launches, expansion of customer base … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Cosan Announces Preliminary Results

Posted: 26 Oct 2010 04:05 PM PDT

Brazil-based Cosan, Ltd. (NYSE:CZZ) announced its preliminary results for the second quarter of fiscal year 2011. Net revenue in the quarter totaled R$4,723.1 million (US$2,683.6 million), up 32.1% year over year.
In the second quarter, CAA (Cosan Açúcar e Álcool) accounted for approximately 37.2% of the net sales with revenue totaling R$1,758.5 million (US$999.1 million), an increase of 45.1% year over year.
Sugar revenue surged 42.7% to R$1,107.0 million (US$629.0 million), primarily due to a … [visit site to read more] or compare Best Credit Cards and Best CD Rates

IBM Approved For An Additional $10 Billion In Stock Buybacks

Posted: 26 Oct 2010 04:00 PM PDT

10/26/10 The IBM Corporation announced Tuesday that its board has approved an additional $10 billion in stock … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Earnings Preview: Siderurgica Nacional

Posted: 26 Oct 2010 03:35 PM PDT

Companhia Siderurgica Nacional (NYSE:SID), or CSN, is slated to release its third quarter 2010 results on Thursday, October 28. The current Zacks Consensus Estimate for the third quarter earnings per share (EPS) is 36 cents, representing an annualized decline of 59.09%.
Companhia Siderurgica’s results were in line with the Zacks Consensus Estimate in the trailing four quarters.
Second Quarter Highlights
Companhia Siderurgica’s second quarter 2010 net income surged 167% year over year and 85% … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Earnings Preview: Plexus Corp

Posted: 26 Oct 2010 03:35 PM PDT

A leading provider of electronic manufacturing services, Plexus Corp. (NASDAQ:PLXS) is set to release its fourth quarter 2010 results on October 27, 2010, after the market close.
For the fourth quarter, management expects earnings per share (EPS) in the range of 58 cents to 63 cents, excluding restructuring charges but including 6 cents per share in stock-based compensation expense. The mid-point of the guidance represents sequential and year-over-year growth rates of 2.0% and 59.0%, respectively. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Cummins’ Income Rises

Posted: 26 Oct 2010 03:35 PM PDT

Cummins Inc.’s (NYSE:CMI) adjusted net income for the third quarter of 2010 was $251 million or $1.28 per share, rising significantly from the year-ago net income of $95 million or 48 cents per share.
Net income of $251 million excluded a pre-tax benefit of $32 million obtained from a favorable legal ruling in Brazil on the tax treatment of imports during the period of 2004-2008. However, earnings per share of $1.28 failed to live up to the Zacks Consensus Estimate of $1.40.
Besides, Cummins had … [visit site to read more] or compare Best Credit Cards and Best CD Rates

PartnerRe Hikes Dividend By 10%

Posted: 26 Oct 2010 03:05 PM PDT

Yesterday, property-casualty (P&C) and life reinsurer PartnerRe Ltd. (NYSE:PRE), announced that it has increased its quarterly dividend by a modest magnitude of 10% to 55 cents from the prior 50 cents. The newly raised dividend will be paid on December 1, 2010, to the company's common shareholders on record as of November 19, 2010. The ex-dividend date is November 17, 2010.
This latest quarterly dividend increases the annual dividend per share to $2.20 from $2.00, also marking the second … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Earnings Preview: BMC Software

Posted: 26 Oct 2010 03:05 PM PDT

BMC Software Inc. (NYSE:BMC) is scheduled to announce its second quarter 2011 results on October 28. There have been a few changes in analyst estimates since its fourth quarter 2010 results.
First Quarter Overview
First quarter results were decent, with earnings per share (EPS) of 52 cents growing from the year-ago quarter, but missing the Zacks Consensus Estimate of 56 cents.
Revenue of $461.0 million was up 2.4% from the year-ago quarter. The increase in revenue may be attributed to decent … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Lockheed Authorizes Buyback

Posted: 26 Oct 2010 03:05 PM PDT

In a concerted effort to return more value to its shareholders, the board of directors of Lockheed Martin Corporation (NYSE:LMT) authorized a share repurchase program of up to $3 billion.
Lockheed Martin bought back 169 million shares out of the existing share authorization of 178 million shares through September 26.
The company’s share repurchase program was initiated in October 2002. The board has approved a buyback of 23 million shares, replacing a prior authority originally approved in 1995. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

The Day Ahead: Earnings, New Home Sales

Posted: 26 Oct 2010 03:00 PM PDT

10/27/10 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

Regions Lowers Loss But Misses Ests

Posted: 26 Oct 2010 02:35 PM PDT

Regions Financial Corporation (NYSE:RF) has narrowed its loss in the third quarter but missed the Zacks Consensus Estimate. The company reported a net loss of 17 cents per share, compared with a loss of 37 cents in the year-ago period. The Zacks Consensus Estimate was a loss of 10 cents per share. 
Results were significantly impacted by the continued de-risking of the balance sheet and the high disposition of problem assets. Also, recent legislative actions have impacted the company's … [visit site to read more] or compare Best Credit Cards and Best CD Rates

JA Solar Alters 3Q Outlook

Posted: 26 Oct 2010 02:35 PM PDT

Prior to its third quarter earnings release, which is scheduled for November 9, 2010, JA Solar Holdings Co. Ltd. (NASDAQ:JASO) altered its shipments guidance based on strong customer orders and expectations of increased production and shipments during the third quarter.
JA Solar now estimates third quarter 2010 shipments to exceed 410 MW, growing 131.6% from 177MW shipped in the year-ago quarter and also surpassing its previous guidance of 375 MW for the third quarter of 2010.
JA Solar's total … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Meredith Outpaces Estimates

Posted: 26 Oct 2010 02:35 PM PDT

Meredith Corporation (NYSE:MDP), a leading media and marketing company, recently posted first-quarter 2011 results that exceeded the Zacks Consensus Estimate on the heels of improved advertising performance at its National and Local Media groups, increased readership and online traffic.
The quarterly earnings of 56 cents a share outpaced the Zacks Consensus Estimate of 50 cents and rose 40% from 40 cents delivered in the prior-year quarter.
Management now expects earnings in the range of 75 cents … [visit site to read more] or compare Best Credit Cards and Best CD Rates

CEMEX Reports A Loss

Posted: 26 Oct 2010 02:35 PM PDT

CEMEX, S.A.B. de C.V. (NYSE:CX) reported a third quarter fiscal 2010 loss of 9 cents per ADS compared with earnings of 14 cents in the year-ago quarter. The loss reported was wider than the Zacks Consensus Estimate of a loss of 3 cents per ADS.
Net loss was $86 million versus a loss of $78 million in the year-ago quarter. Lower operating income, higher financial expenses, which were partially offset by a foreign exchange gain, were culpable for the loss in the quarter.
Net Sales
Net sales during … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Ecolab Beats By A Penny

Posted: 26 Oct 2010 02:00 PM PDT

Leading provider of cleaning and sanitation products Ecolab Inc. (NYSE:ECL) posted third-quarter fiscal 2010 adjusted (excluding special gains and charges) earnings of 66 cents, beating the Zacks Consensus Estimate of 65 cents while surpassing the year-ago earnings of 61 cents.
Net income soared 20% year-over-year to a record $174 million (or 74 cents a share). Net sales edged up 1% year-over-year (up 3% at constant currency rates) to $1.56 billion, narrowly missing the Zacks Consensus Estimate of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Earnings Preview: Weyerhaeuser Co.

Posted: 26 Oct 2010 02:00 PM PDT

Weyerhaeuser Co. (NYSE:WY) is slated to release its third quarter 2010 results on Friday October 29. The current Zacks Consensus Estimate for the third quarter earnings per share (EPS) is 11 cents, representing an annualized growth of 204.82%.
Weyerhaeuser had outperformed the Zacks Consensus Estimate in three of the four trailing quarters, and lagged behind in one quarter. The average earnings surprise was a positive 32.87%, implying that the company has outdone the Zacks Consensus Estimate by … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Lexmark Beats EPS, Misses Revenue

Posted: 26 Oct 2010 02:00 PM PDT

Lexmark International Inc. (NYSE:LXK) posted decent third quarter earnings per share of $1.09, beating the Zacks Consensus Estimate of 97 cents. The earnings beat was attributable to higher margins.
Revenue
Lexmark's third quarter revenue of $1.02 billion increased 6.4% from $958.0 million reported in the year-ago quarter, but came in below the Zacks Consensus Estimate of $1.04 billion. Revenue growth came from a rejuvenated product portfolio, growth in managed print services and high-end inkjet … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Analyst Interviews: Oil & Gas Industry Outlook

Posted: 26 Oct 2010 01:40 PM PDT

Crude Oil
 
The improving economic scene, both here in the U.S. as well as worldwide, had been the main driver of the oil rally that saw the commodity zoom past the $85 per barrel level earlier this year.

However, growing doubts about the strength of the U.S. economy this summer and host of other issues renewed apprehensions about the global growth and energy demand outlook. This weakened oil prices. Another headwind for the commodity has been high levels of product inventories (gasoline … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Closing Bell Market Monitor: X, MT, COH, RCL

Posted: 26 Oct 2010 01:38 PM PDT

10/26/10 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

Kauffman Foundation Quarterly Survey Of Bloggers

Posted: 26 Oct 2010 01:36 PM PDT

There are lots of economic indicators to track the U.S. economy, but Tim Kane at the Kauffman Foundation came up with a new one about a year ago—a quarterly survey of economics bloggers, and he invited me to join the 13-member board of advisors for the project. The most recent survey was conducted in mid-October, and the results of the fourth "Quarterly Survey of Leading Economics Bloggers" were just released by the Kauffman Foundation (press release here, full report … [visit site to read more] or compare Best Credit Cards and Best CD Rates

A Visual Representation Of The Wall Street-Main Street Disconnect

Posted: 26 Oct 2010 01:33 PM PDT

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

AK Steel’s Profit Dips, Outlook Uncertain

Posted: 26 Oct 2010 01:31 PM PDT

As anticipated, AK Steel Holding Corporation (NYSE:AKS) posted net loss of $59.2 million or 54 cents per share in the third quarter of 2010 in contrast to a net income of $6.2 million or 6 cents in the year-ago quarter. Reported losses were higher than the Zacks Consensus loss of 34 cents.
Higher raw material (iron-ore) prices and weak steel selling prices are eroding profits. Iron ore 2010 benchmark price is an increase of 98.65% over the 2009 benchmark, and is higher than a 65% increase that AK … [visit site to read more] or compare Best Credit Cards and Best CD Rates

NOV Ahead Of Zacks View

Posted: 26 Oct 2010 01:31 PM PDT

Oilfield service company National-Oilwell Varco (NYSE:NOV) reported better-than-expected third quarter results, helped by robust drilling and pressure pumping activity throughout North America, as well as good project execution skills and manufacturing efficiency.
Earnings per share, excluding transaction charges, came in at 97 cents, above the Zacks Consensus Estimate of 90 cents and the year-ago profit of 95 cents. Revenue of $3.0 billion was also slightly ahead of our expectations though it was … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Waddell & Reed Beats Estimates

Posted: 26 Oct 2010 01:31 PM PDT

Waddell & Reed Financial Inc.'s (NYSE:WDR) third quarter earnings of 47 cents per share were ahead of the Zacks Consensus Estimate of 43 cents. This compares favorably with earnings of 40 cents in the prior quarter and 39 cents in the prior-year quarter.
Results benefited year over year, primarily due to improved gross sales across all of the company's revenue channels, stronger growth in assets under management and an improved operating margin. Offsetting these positives were lower net … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.S. Markets Mixed At Close; Dow Jones Up 0.05%

Posted: 26 Oct 2010 01:10 PM PDT

Forex Pros – U.S. stocks were mixed after the closing bell on Tuesday.

At the close of U.S. trade, the Dow Jones Industrial Average rose 0.05%, the S&P 500 index shed 0.00%, while the Nasdaq 100 index climbed 0.26%.

Earlier in the day, data showed that CB consumer confidence in the U.S. rose more-than-expected to a seasonally adjusted 50.20 last month from 48.60 in the preceding month whose figure was revised up from 48.50.

Analysts had expected CB consumer confidence to rise to 49.00 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Enterprise Products Profits Up

Posted: 26 Oct 2010 01:08 PM PDT

Enterprise Products Partners (NYSE:EPD) reported third quarter 2010 earnings per limited units of 47 cents, exceeding the Zacks Consensus Estimate of 45 cents and year-earlier earnings of 36 cents. The increase was driven by strong prices and volumes across its integrated midstream system, which operated at or near record levels.
Additionally, quarterly distribution of Enterprise increased 5.4% year over year to 58.25 cents per common unit, or $2.33 per unit on an annualized basis. Distribution … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Earnings Preview: Brinker

Posted: 26 Oct 2010 01:08 PM PDT

Brinker International Inc. (NYSE:EAT), primarily engaged in the ownership, operation, development and franchising of various restaurant brands, is slated to release its first quarter 2011 results on Wednesday, October 27. The current Zacks Consensus Estimate for the first quarter is 15 cents per share, representing an annualized negative growth of 12.1%.
With respect to earnings surprises, over the trailing four quarters, Brinker has outperformed the Zacks Consensus Estimate for two quarters and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Mixed Performance By FirstEnergy

Posted: 26 Oct 2010 01:08 PM PDT

Diversified energy company FirstEnergy Corp. (NYSE:FE) announced its third-quarter 2010 operating earnings of $1.28 per share, which surpassed the Zacks Consensus Estimate of $1.09. The results of the company were 17 cents higher than the year-ago earnings of $1.11 per share.
The GAAP earnings of the company during the quarter were 59 cents per share versus 77 cents per share reported in the third quarter of 2009.
The difference between the GAAP and operating earnings during the reported quarter … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Fidelity Beats By A Penny

Posted: 26 Oct 2010 01:08 PM PDT

A leading provider of banking and payment technology to financial institutions and government organizations, Fidelity National Information Services Inc. (NYSE:FIS) reported third quarter 2010 earnings result that beat the Zacks Consensus Estimate of 51 cents by a penny, mainly attributable to growth in financial services segment that witnessed increasing demand.
Earnings
Earnings on a non-GAAP basis from continuing operations increased 13.0% year over year to 52 cents per share from 46 cents … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Home Prices Falling Again

Posted: 26 Oct 2010 12:35 PM PDT

Home prices are falling again. This morning, the Case-Schiller Index data for August (actually a three month average of June, July and August) was released. For the month, on a seasonally adjusted basis, the composite 10 city index (C-10) fell 0.17% while the broader composite 20 (C-20) was down 0.28%.

The government has poured huge resources into supporting the housing market. Most notably through the homebuyer tax credit and through the Fed buying up massive amounts of mortgage-backed paper. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Wisconsin Energy Bests, Ups Outlook

Posted: 26 Oct 2010 12:35 PM PDT

Energy utility Wisconsin Energy Corporation (NYSE:WEC) reported operating earnings for the third quarter, 2010, of 95 cents per share versus 49 cents per share in the year-ago quarter, reflecting a growth of 93.9%. The results of the company were 9 cents higher than the Zacks Consensus Estimate of 86 cents per share.
The year-over-year earnings growth was driven by warm weather in the area where Wisconsin Energy operates and some additional income from the company’s Power the Future plan.
GAAP … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Hospira Outshines Zacks Estimates

Posted: 26 Oct 2010 12:10 PM PDT

Hospira Inc.'s (NYSE:HSP) third quarter fiscal 2010 earnings (excluding special items) of 74 cents per share surpassed the Zacks Consensus Estimate by 5 cents. However, earnings fell well short of the year-ago earnings of 90 cents per share.
On a reported basis (including special items), the company earned 42 cents per share as opposed to the year-ago earnings of 71 cents per share. The year-over-year decline was mainly attributable to reduced sales of generic chemotherapy treatment oxaliplatin … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Down On Economic Data

Posted: 26 Oct 2010 11:30 AM PDT

The Euro was lower against the U.S. Dollar on Tuesday after the release of U.S. data on CB Consumer Confidence.

EUR/USD was trading at 1.3840, down 0.90% at time of writing.

The pair was likely to find support at 1.3828, today's low, and resistance at 1.4080, Monday's high.

Earlier in the day, data showed that CB consumer confidence in the U.S. rose more-than-expected to a seasonally adjusted 50.20 last month from 48.60 in the preceding month whose figure was revised up from … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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