DailyMarkets.com - CEC Beats, Top Line Up

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• CEC Beats, Top Line Up
• Kraft Beats By A Penny, Reaffirms (revised)
• Past The Turbulence, Where To Now?
• Luminex Misses On All Fronts
• Canadian Dollar Outlook: Will Crude Oil Follow Gold’s Path?
• Computer Sciences Joins VFC
• Lower Profits At Manulife Financial
• Gerdau 3Q Plummets, Expenses Soared
• Two Defense ETFs To Play Mid-Term Elections
• Red Robin Misses, Suspends Outlook
• Abiomed Beats, Losses Trim
• Euro – Keep An Eye On A Possible Bull Trap
• ASOS Shares Up As International Sales Surge
• ReneSola Tops, Raises Outlook
• Q3 In-Line- Suitors Knocking On CEMIs Door
• M&T Bank On Expansion Spree
• Strong Quarter For MWI Veterinary
• Ocean Power Technologies Buoyed By Progress In Japan
• Skyworks Top Line Beats
• BCE Beats, Profit Slips
• Health Net Beats, Raises Outlook
• BRE Properties Beats Marginally
• Australian Dollar: Key ST Resistance At 10725
• Canadian Dollar: The Downside Prevails
• Is Oil’s Upside Breakout For Real?
• Dollar Strength Weakens Crude Prices
• Opening Bell Market Monitor: AOL, MCD, ASH
• Forex – Dollar Recovers Ground As Focus Turns To Euro Zone
• Forex – GBP/USD Hits 2-day Low As Dollar Recovers Ground
• Forex – EUR/USD Tumbles To 4-day Low As Fresh Debt Concerns Hit Euro
• McDonalds Serves Up Strong Monthly Revenue Figures
• U.S. Stocks Decline After The Open; Dow Jones Down 0.59%
• NY Fed Reports Q3 Declines In Consumer Debt, Delinquency Rates, Foreclosures And Bankruptcies

CEC Beats, Top Line Up Posted: 08 Nov 2010 10:05 AM PST Texas-based CEC Entertainment Inc. (NYSE:CEC), which operates and franchises family dining and entertainment centers, reported third quarter 2010 adjusted earnings of 65 cents per share, which surpassed the Zacks Consensus Estimate by 4 cents and the prior-year quarter's earnings of 55 cents. Including an unfavorable one-time impact of asset impairment charge, the company earned 60 cents in the quarter under review. Total revenue spiked up 4.7% year over year to $207.1 million, primarily due to … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Kraft Beats By A Penny, Reaffirms (revised) Posted: 08 Nov 2010 10:05 AM PST Kraft Foods Inc. (NYSE:KFT) delivered third quarter results with earnings of 47 cents per share, which beat the Zacks Consensus Estimate by a penny. Earnings for the quarter fell 11.3% from 53 cents per share in the year-ago quarter. Revenue and Operating Income Quarterly net revenue spiked 26.2% to $11.9 billion, boosted completely by the Cadbury acquisition which was partially offset by 2.3% due to unfavorable currency translation and 0.2% by divestitures. However, combined organic net … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Past The Turbulence, Where To Now? Posted: 08 Nov 2010 10:05 AM PST Like the Chinese curse says: may you live in interesting times.   For now it seems as if the major macroeconomic and socio-political obstacles have been navigated, for better or worse, but the hugest of these issues — from the Wall Street bailout to the failure of the Greek economy — have put massive pressures on trading markets both up and down, both in the U.S. and around the world, for the past couple years.   Following the two most recent pieces of big news — the GOP … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Luminex Misses On All Fronts Posted: 08 Nov 2010 10:05 AM PST Luminex Corporation (NASDAQ:LMNX) reported third-quarter fiscal 2010 adjusted (excluding one-time items) loss per share of 2 cents, falling behind the Zacks Consensus Estimate of earnings of 4 cents per share. The results represent an improvement compared to the year-ago adjusted loss of 4 cents per share. The Texas-based company posted a net loss (on a reported basis) of $727,000 in the quarter, roughly 19% higher than the net loss of $609,000 a year-ago as revenue growth was offset by higher costs … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Canadian Dollar Outlook: Will Crude Oil Follow Gold’s Path? Posted: 08 Nov 2010 09:45 AM PST Hello finance peeps! Today I'm going to talk about crude oil. If you have been tuned in to the markets for the last several months, perhaps you know or at least have heard from someone that commodities like gold and silver have recently marked their new historical highs. But unlike those two metals, the people's "black gold" managed to stay out of the radar. In fact, during the time when both gold and silver were making new highs after another, the price of crude oil has only … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Computer Sciences Joins VFC Posted: 08 Nov 2010 09:35 AM PST Virginia-based Computer Sciences Corp. (NYSE:CSC) announced that it has signed a multi-year information technology (IT) services outsourcing agreement with leading branded apparel manufacturer and seller, VF Corp. (NYSE:VFC). Financial terms were not disclosed. As per the agreement, Computer Sciences will support VF Corp.'s service desk, network services and customer support service functions, and also manage its data centre services. The transition of VF Corp.'s existing IT systems to the new … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Lower Profits At Manulife Financial Posted: 08 Nov 2010 09:35 AM PST Manulife Financial Corporation (NYSE:MFC) reported its third-quarter 2010 adjusted operating earnings of 44 cents per share, lower than 50 cents per share reported in the prior-year quarter. Adjusted operating earnings were $750 (C$779) million, compared with $731 (C$803) million in third-quarter 2009. Adjusted operating earnings in the reported quarter were within management's guidance of $674–$770 (C$700–C$800) million. Manulife incurred a net loss of 55 cents per share in the reported … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Gerdau 3Q Plummets, Expenses Soared Posted: 08 Nov 2010 09:35 AM PST Brazilian steel producer Gerdau S.A.'s (NYSE:GGB) third quarter 2010 net income plummeted 7% year over year to R$609.0 million (US$346.0 million) and registered a 28.9% sequential decline. Earnings per share (EPS) were R$0.38 (US$0.22 per ADR), compared with R$0.39 (US$0.0.24 per ADR) in the year-ago period and below the Zacks Consensus Estimate of US$0.28 per ADR. The bottom-line results were negatively affected by higher cost of sales and operating expenses, which more than offset higher … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Two Defense ETFs To Play Mid-Term Elections Posted: 08 Nov 2010 09:17 AM PST The results of the recent mid-term elections, putting Republicans in control of the U.S. House of Representatives, will likely be favorable for the defense and aerospace sector giving positive support to the iShares Dow Jones US Aerospace & Defense Fund (ITA) and the PowerShares Aerospace & Defense (PPA). Historically speaking, the GOP has been an advocate of strong national defense and a resilient military.  As a result of this, the Obama administration's proposed 2011 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Red Robin Misses, Suspends Outlook Posted: 08 Nov 2010 09:05 AM PST Casual dining restaurant operator Red Robin Gourmet Burgers Inc. (NASDAQ:RRGB) recently reported its third quarter 2010 adjusted earnings of 11 cents per share, which missed the Zacks Consensus Estimate of 22 cents and were down 70.3% from 37 cents in the year-ago quarter. However, including the effects of a non-cash restaurant impairment charge, GAAP net loss during the quarter was $4.2 million or 27 cents per share. Results were affected by a rise in costs, negatively impacting margins. Quarterly … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Abiomed Beats, Losses Trim Posted: 08 Nov 2010 09:05 AM PST Abiomed (NASDAQ:ABMD) reported second-quarter fiscal 2011 adjusted (excluding one-time items) net loss per share of 9 cents, lower than the Zacks Consensus Estimate of a loss of 14 cents and the year-ago loss of 21 cents. Net loss (as reported) shrunk 58% year over year to $3.2 million, helped by strong sales from the company's Impella cardiac pumps. Revenues & Margins Revenues climbed 17% year over year to $23.4 million, beating the Zacks Consensus Estimate of $22 million, boosted by higher … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Euro – Keep An Eye On A Possible Bull Trap Posted: 08 Nov 2010 08:45 AM PST A lot of traders have been paying attention to the Dollar, but it's also important to watch the Euro and what's taking shape on its respective price charts. Let's take a quick Weekly then Daily look at the CurrencyShares Euro Trust ETF (FXE) and reveal a weekly confluence level to watch, and a possible daily bull trap to keep an eye on. First, the FXE Weekly: Cutting through the chart to what's most important right now – there is a key indicator confluence at the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

ASOS Shares Up As International Sales Surge Posted: 08 Nov 2010 08:35 AM PST Shares in ASOS (LON:ASC) edged up 1.3% to 1277p this morning on news that the online fashion retailer had seen retail sales increase by 50% to £131.4m in the first six months of the year. Overall revenues including sales, postage and packaging income and third party revenues, grew by 45% to £139.6m, driving up pre-tax profits by 59% to £7.0m. Among the highlights of today's figures, which cover the period to September 30, ASOS said that domestic sales had grown by 26% to £82.4m … [visit site to read more] or compare Best Credit Cards and Best CD Rates

ReneSola Tops, Raises Outlook Posted: 08 Nov 2010 08:35 AM PST ReneSola Ltd. (NYSE:SOL) reported third-quarter adjusted earnings per American depositary share (EPADS) of 70 cents per share, beating both the Zacks Consensus Estimate of 50 cents and year-ago quarterly loss of 14 cents. Operational Results ReneSola's revenues rose to $358.7 million, increasing 41.3% from $253.9 million in the second quarter of 2010 and  154.5% compared to $140.9 million in the year-ago quarter. Revenue in the reported quarter also comfortably beat the Zacks Consensus … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Q3 In-Line- Suitors Knocking On CEMIs Door Posted: 08 Nov 2010 08:35 AM PST Written by Brian Marckx, CFA Chembio Diagnostics, Inc ( CEMI ) reported financial results for the third quarter on November 4, 2010.  Revenue of $4.51 million was about 4% better than our $4.34 million estimate.  The $170k difference was mostly a result of recognizing a $225k milestone from FIOCRUZ related to the approval of for the DPP HIV confirmatory test in Brazil one quarter earlier than we had anticipated, partially offset by a $75k milestone from Bio-Rad that we modeled but … [visit site to read more] or compare Best Credit Cards and Best CD Rates

M&T Bank On Expansion Spree Posted: 08 Nov 2010 08:35 AM PST M&T Bank Corporation (NYSE:MTB) is on an expansion spree. The company has purchased a failed bank − K Bank, Randallstown, Maryland − through a Federal Deposit Insurance Corporation (FDIC) assisted deal. The deal would help the company in expanding its network in the Mid-Atlantic region. Deal Details The Maryland Office of Financial Regulation closed K Bank last Friday and FDIC was appointed as the receiver. FDIC in turn entered into a purchase and assumption agreement with M&T Bank in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Strong Quarter For MWI Veterinary Posted: 08 Nov 2010 08:35 AM PST MWI Veterinary Supply (NASDAQ:MWIV) reported an EPS of 71 cents in the fourth quarter of fiscal 2010, up 34% from 53 cents in the year-ago period and surpassing the Zacks Consensus Estimate of 61 cents. For fiscal 2010, the company reported an EPS of $2.70, well above the Zacks Consensus Estimate of $2.60 and the previous year's $2.02. However, the acquisition in February 2010 of U.K. based Centaur Services Limited, an animal health products supplier, impacts the current quarter. MWI Veterinary … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Ocean Power Technologies Buoyed By Progress In Japan Posted: 08 Nov 2010 08:30 AM PST Ocean Power Technologies Inc (LON:OPT) , the American company behind technology that generates electricity from the ocean using sophisticated PowerBuoys, has expanded its relationship with Mitsui Engineering amp; Shipbuilding (MES) with the signing of a new contract to develop PowerBuoy technology for use in Japanese sea conditions. Under the terms of the new contract, the two companies will work together to develop a new mooring system for OPT’s PowerBuoy, customised for wave power … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Skyworks Top Line Beats Posted: 08 Nov 2010 08:22 AM PST Skyworks Solutions, Inc. (NASDAQ:SWKS) posted a net income of $46.8 million or 25 cents in the fourth quarter of fiscal 2010, down 20% year over year due to tax adjustment related charges. Excluding one-time items, but including stock-based compensation expenses, net income per share came in at 35 cents, in line with the Zacks Consensus Estimate. Revenues of $313.3 million were up 37% from the year-ago quarter and up 14% sequentially. The reported figure beat management's updated guidance of $310 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

BCE Beats, Profit Slips Posted: 08 Nov 2010 08:22 AM PST BCE Inc. (NYSE:BCE), Canada's largest telephone operator, reported third quarter adjusted earnings per share (EPS) of 82 Canadian cents (79 cents per ADS) beating the Zacks Consensus Estimate of 72 cents per ADS. Earnings slipped 2.4% from 84 Canadian cents in the year-ago quarter due to higher income tax expense partially offset by favorable impacts of higher EBITDA, lower interest and reduced restructuring and other expenses. Consolidated revenue inched up 1.3% year over year to C$4.52 billion … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Health Net Beats, Raises Outlook Posted: 08 Nov 2010 08:22 AM PST Health Net Inc. (NYSE:HNT) reported third-quarter earnings per share (EPS) of 64 cents compared to a loss of 66 cents in the prior-year quarter. The reported quarter included $8.6 million in expenses primarily related to severance costs. Excluding these items, the company's operating EPS came in at 72 cents, modestly surpassing the Zacks Consensus Estimate of 71 cents. Health Net’s Western Region Operations and Government Contracts segments produced combined net earnings of 74 cents in the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

BRE Properties Beats Marginally Posted: 08 Nov 2010 08:22 AM PST BRE Properties Inc. (NYSE:BRE), a real estate investment trust (REIT) that operates apartment communities, reported third quarter 2010 FFO (fund from operations) of $30.6 million or 47 cents per share compared to $32.5 million or 59 cents 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. The reported FFO for the quarter marginally beat the Zacks … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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

Is Oil’s Upside Breakout For Real? Posted: 08 Nov 2010 08:19 AM PST Fundamentals After weeks of remaining in a relatively tight trading range, Oil futures have finally broken out to the upside, trading at 2-year highs for the front month futures, following the announcement by the Federal Reserve of $600 billion of treasury purchases over the next several months in its second round of quantitative easing. This news sent the Dollar sharply lower, which spurred traders into a commodity buying frenzy across nearly all sectors, as many trader’s looked at the Fed’s … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Dollar Strength Weakens Crude Prices Posted: 08 Nov 2010 08:16 AM PST 11/08/10 Front month crude prices were once again in the red following a continued rise in the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Opening Bell Market Monitor: AOL, MCD, ASH Posted: 08 Nov 2010 03:15 AM PST 11/08/10 The latest in news, commentary, and information on what’s moving the US … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – Dollar Recovers Ground As Focus Turns To Euro Zone Posted: 08 Nov 2010 08:07 AM PST Forex Pros – The U.S. dollar was broadly higher against its major rivals on Monday, as investors focus shifted away from quantitative easing and back to peripheral euro zone sovereign debt concerns. During European afternoon trade, the greenback was up against the euro, with EUR/USD tumbling 1.01% to hit 1.3890. Earlier in the day, European Union Commissioner Olli Rehn was to begin a 2-day visit to Ireland to discuss the country’s plans for fiscal austerity. The greenback was also up … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Hits 2-day Low As Dollar Recovers Ground Posted: 08 Nov 2010 08:00 AM PST Forex Pros – The pound was down against the U.S. dollar on Monday, falling to a 2-day low as the dollar recovered ground on the back of Friday's better-than-expected non-farm payrolls data. GBP/USD hit 1.6102 during European afternoon trade, the pair's lowest since last Thursday; the pair subsequently consolidated at 1.6146, shedding 0.24%. Cable was likely to find support at 1.6005, the low of November 3 and resistance at 1.6298, last Thursday's high and a 10-month high. On Friday, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Tumbles To 4-day Low As Fresh Debt Concerns Hit Euro Posted: 08 Nov 2010 07:56 AM PST Forex Pros – The euro extended losses against the U.S. dollar on Monday, falling to a fresh 4-day low as focus shifted back to the sovereign debt problems of peripheral euro zone nations. EUR/USD hit 1.3888 during European afternoon trade, the pair's lowest since November 2; the pair subsequently consolidated at 1.3910, plummeting 0.86%. The pair was likely to find support at 1.3806, the low of October 29 and resistance at 1.4248, last Friday's high. Earlier Monday, European Union … [visit site to read more] or compare Best Credit Cards and Best CD Rates

McDonalds Serves Up Strong Monthly Revenue Figures Posted: 08 Nov 2010 02:50 AM PST 11/08/10 McDonalds announced Monday that its key US revenue figuresrose in october on strong sales and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.S. Stocks Decline After The Open; Dow Jones Down 0.59% Posted: 08 Nov 2010 07:28 AM PST Forex Pros – U.S. stocks were down after the open on Monday, amid disappointing corporate earnings reports and as renewed concerns over the euro zone's sovereign debt weighed on investor confidence.       During early U.S. trade, the Dow Jones Industrial Average fell 0.59%; the S&P 500 index declined 0.51%, while the Nasdaq Composite index shed 0.25%. In earnings news, shares in the largest U.S. foodservice distributor Sysco plunged 3.16% after it said … [visit site to read more] or compare Best Credit Cards and Best CD Rates

NY Fed Reports Q3 Declines In Consumer Debt, Delinquency Rates, Foreclosures And Bankruptcies Posted: 08 Nov 2010 07:28 AM PST Some highlights from the NY Fed’s quarterly report on “Household Debt and Credit,” released today with third quarter updates: 1.  Aggregate consumer debt continued to decline in the third quarter, continuing its trend of the previous seven quarters. As of September 30, total consumer indebtedness was $11.6 trillion, a reduction of $922 billion (7.4%, and almost $1 trillion) from its peak level at the close of 2008Q3. 2.  Total household delinquency rates declined for the second … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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