Thursday, November 18, 2010

DailyMarkets.com - Is Genting Singapore Worth Buying Now?

DailyMarkets.com - Is Genting Singapore Worth Buying Now?

Is Genting Singapore Worth Buying Now?

Posted: 18 Nov 2010 06:01 PM PST

Genting Singapore PLC is the casino operator for Resorts World Sentosa, one of the 2 casinos in Singapore. The gaming industry seems to be picking up pace in Asia with Macau and Singapore in the main spotlight. The counter has came down a bit over the past week probably due to the downgrades. The recent news of the possible gaming policies tightening in Macau might just give Singapore casino a slight edge.

Recent Genting ratings are as such:

Goldman (NYSE:GS) downgrades to Sell but … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – AUD/USD Down During The Asian Session

Posted: 18 Nov 2010 05:15 PM PST

Forex Pros – The Australian Dollar was lower against the U.S. Dollar on Friday.

AUD/USD was trading at 0.9887, down 0.11% at time of writing.

The pair was likely to find support at 0.9726, Tuesday's low, and resistance at 0.9920, Monday's high.

Meanwhile, the Australian Dollar was down against the Euro and the Japanese Yen, with EUR/AUD gaining 0.04% to hit 1.3787 and AUD/JPY falling 0.08% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stock Picks For Friday: Cisco, Motorola, THQ, A123 Systems, Hemispherx BioPharma

Posted: 18 Nov 2010 05:05 PM PST

( click to enlarge )
As the whole market bounced on Thursday, Cisco Systems, Inc. (NASDAQ:CSCO)  had a nice bounce as well.  This stock has been hit very hard but today's move could be the first of a short-term swing. The technical daily chart above shows new rally is coming as %K line has just crossed on top of %D line. CSCO is extremely oversold and I would be looking for a technical bounce with initial resistance at $19.98. Keep the stock on your screen throughout the day on … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – NZD/USD Up During The Asian Session

Posted: 18 Nov 2010 04:30 PM PST

Forex Pros – The New Zealand Dollar was higher against the U.S. Dollar on Friday.

NZD/USD was trading at 0.7786, up 0.03% at time of writing.

The pair was likely to find support at 0.7632, Wednesday's low, and resistance at 0.7796, today's high.

Meanwhile, the New Zealand Dollar was down against the Australian Dollar and the Euro, with AUD/NZD gaining 0.05% to hit 1.2722 and EUR/NZD rising 0.08% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

GM Returns To The NYSE

Posted: 18 Nov 2010 03:45 PM PST

11/18/10 General Motors was relisted on the NYSE, following the largest IPO on record. Shares of the automaker ended Thursday’s session with a gain of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Massey’s Quest Takes New Direction

Posted: 18 Nov 2010 03:35 PM PST

Massey Energy Co. (NYSE:MEE) gave a new direction to the ongoing investigation to go into the cause of the April explosion at its Upper Big Branch mine in West Virginia, which killed 29 miners.
Massey's management said that, as per new evidence gathered by company experts, the deadly explosion was caused by the sudden rush of natural gas probably from cracks in the mine’s floor, rather than a build-up of methane gas from unsafe coal mining and ventilation procedures.
According to Massey, an … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Massey’s Quest Takes New Direction

Posted: 18 Nov 2010 03:35 PM PST

Massey Energy Co. (NYSE:MEE) gave a new direction to the ongoing investigation to go into the cause of the April explosion at its Upper Big Branch mine in West Virginia, which killed 29 miners.
Massey's management said that, as per new evidence gathered by company experts, the deadly explosion was caused by the sudden rush of natural gas probably from cracks in the mine’s floor, rather than a build-up of methane gas from unsafe coal mining and ventilation procedures.
According to Massey, an … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Wright Medical Remains Neutral

Posted: 18 Nov 2010 03:35 PM PST

We reaffirm our Neutral recommendation on Wright Medical Group (NASDAQ:WMGI). Both revenues and earnings for third-quarter 2010 missed the Zacks Consensus Estimates. Sales were adversely affected by a slowdown in U.S. orthopedic reconstruction, mainly, knees and hips.
The prognosis is not much better, going forward, in the near term. In the recent past, the orthopedic industry faced pricing pressure and Wright Medical was no exception.
The fall in domestic knee and hip sales was somewhat countered … [visit site to read more] or compare Best Credit Cards and Best CD Rates

The Day Ahead: Options Expiration, European Banking Conference

Posted: 18 Nov 2010 10:30 AM PST

11/19/10 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

Emergency Medical Remains Neutral

Posted: 18 Nov 2010 03:05 PM PST

We recently reiterated our Neutral recommendation on Emergency Medical (NYSE:EMS), a leading provider of emergency medical services in the US.
During the third quarter of fiscal 2010, Emergency Medical reported an EPS of $0.82, up 24.7% from $0.66 in the year-ago period. However, the EPS missed the Zacks Consensus Estimate of $0.85.
During the quarter, the company had to incur $3 million ($0.04 impact on EPS) of increased employee medical claim charges related to four large claims under its … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Earning Scorecard: American Tower

Posted: 18 Nov 2010 03:05 PM PST

American Tower Corp. (NYSE:AMT) reported solid third quarter 2010 financial results, which outperformed the Zacks Consensus Estimate, driven by healthy growth at the company's core Rental and Management business segment.
Third Quarter 2010 Highlights
During third quarter 2010, GAAP net income was $93.4 million or 23 cents per share compared with a net income of $67.4 million or 17 cents per share in the prior-year quarter. EPS of 23 cents was well above the Zacks Consensus Estimate of 20 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Grainger’s Outlook Through 2011

Posted: 18 Nov 2010 03:05 PM PST

W.W. Grainger Inc. (NYSE:GWW), at its annual analyst meeting, provided an update on its fourth quarter, fiscal 2010 and fiscal 2011 EPS, sales, margins and cash flow.
Fiscal 2010 Fourth Quarter Outlook
For the fiscal fourth quarter, the company expects EPS in a band $1.49 to $1.69. The mid point of the range suggests a 14% growth over the EPS of $1.39 recorded in the fourth quarter of fiscal 2009.
Sales growth is projected in the range of 8% to 10% driven by market share gains of 5% to 7%, oil … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bear Of The Day: Amdocs, Ltd. (DOX)

Posted: 18 Nov 2010 02:35 PM PST

We downgrade our recommendation for Amdocs Ltd. (NYSE:DOX) on the basis of its disappointing financial outlook for the first quarter of fiscal 2011. Profitability will suffer as a result of higher expenses for productivity improvement, emerging market sales opportunity and suspension of program implementation at Clearwire.
We believe bottom-line shrinkage may continue thereafter since the developed economies are still not out of the wounds and emerging market opportunities are subject to … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bull Of The Day: Whole Foods Market (WFMI)

Posted: 18 Nov 2010 02:35 PM PST

Whole Foods Market (NASDAQ:WFMI) with a strong brand image offers investors one of the strongest growth profiles in the industry, and the stock is poised to surge, as the demand for natural and organic products improves. The company is also revamping its pricing strategy and concentrating more on value offerings, while maintaining healthy margins.
The stringent cost-control measures, effective inventory management and improved store-level performance are driving earnings growth. The company now … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Embraer Signs $1.5 Billion MoU

Posted: 18 Nov 2010 02:35 PM PST

The largest Brazilian aircraft manufacturer, Empresa Brasileira de Aeronautica S.A., or Embraer (NYSE:ERJ) and China's AVIC International Leasing Co., Ltd. (AVIC Leasing), have signed a five-year MoU valued at US$1.5 billion for financing and leasing of aircraft.
Recently, Embraer signed an agreement with Air Lease Corp., for the delivery of 15 EMBRAER 190 jets starting June 2011.
During the third quarter of fiscal 2010, Embraer delivered 44 aircraft, including 20 commercial jets and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

India Supply Concerns Boost Sugar ETFs

Posted: 18 Nov 2010 02:17 PM PST

Heavy rainfall and inclimate weather have taken its toll on India's second largest producing state having many investors worried that global supply for sugar will not meet demand sending prices higher and providing positive price support to 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).
Elevated demand for sugar has resulted in a diminishing supply of global sugar stock levels, pushing levels to … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Closing Bell Market Monitor: GM, HUM, LTD

Posted: 18 Nov 2010 02:15 PM PST

11/18/10 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

Ross Stores In Line, Reaffirms

Posted: 18 Nov 2010 02:05 PM PST

Ross Stores Inc. (NASDAQ:ROST) posted third-quarter 2010 earnings of $1.02 per share, in line with the Zacks Consensus Estimate. Results were 21% higher than 84 cents reported in the year-ago period. Net income was $121.1 million, up 16% from $105.1 million in the prior-year quarter.
The company reported a strong quarter on the back of better performance in all merchandise categories, particularly in Dresses and Home, as well as lower inventories.
Operational Performance
Total revenue in the quarter … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Genworth Financial Issues Notes

Posted: 18 Nov 2010 02:05 PM PST

Genworth Financial Inc. (NYSE:GNW) sold senior notes worth $400 million, bearing a coupon of 7.20% and maturing on February 15, 2021. The company increased the offer size from $300 million planned earlier.
The company has offered these notes at 99.659% of face value to yield 7.25% if held till maturity.
Rating agency Moody's Investor Service of Moody's Corp. (NYSE:MCO) has assigned a "Baa3" rating to the notes while another rating agency Standard & Poor’s Ratings Services (S&P) has … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Up At The End Of U.S. Session

Posted: 18 Nov 2010 01:55 PM PST

Forex Pros – The Euro was higher against the U.S. Dollar on Thursday.

EUR/USD was trading at 1.3643, up 0.83% at time of writing.

The pair was likely to find support at 1.3448, Tuesday's low, and resistance at 1.3751, Monday's high.

Meanwhile, the Euro was down against the British Pound and up against the Japanese Yen, with EUR/GBP shedding 0.02% to hit 0.8504 and EUR/JPY rising 1.27% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Analyst Interviews: Telecommunications Industry Outlook

Posted: 18 Nov 2010 01:35 PM PST

The telecommunications industry encompasses a lot of technology-related businesses. Besides the legacy local and long-distance wireline phone services, telecommunications also include wireless communications, Internet services, fiber optics networks, cable TV networks and commercial satellite communications. While our overall view is neutral for the industry, a number of stocks offer attractive opportunities for the mid-to-long-run time horizon.

Key Attribute

The world economy is currently … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Earnings Preview: Heinz

Posted: 18 Nov 2010 01:35 PM PST

H.J. Heinz Company (NYSE:HNZ), one of the leading manufacturer and marketer of processed food products worldwide, is scheduled to report its second-quarter 2011 financial results on Friday, November 19, 2010. The current Zacks Consensus Estimate for the quarter is 76 cents a share.
First Quarter Synopsis
The company posted robust earnings of 75 cents per share for the first quarter of fiscal 2011. The result was in line with the Zacks Consensus Estimate but came in ahead of the 68 cents per share … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Will The Bounce Last? Plus 5 Stocks To Buy

Posted: 18 Nov 2010 01:35 PM PST

Today's strong bounce above Dow 11,000 is not a surprise when you consider the ingredients:

Another country clean-up job in Europe
Jobless Claims report under 450K (3 of the last 4 in that camp)
Leading Economic Indicators at impressive levels for another month
Philadelphia Fed Survey reading of 22.5 crushing the expectations of only 5.6

Now the question is: does this bounce have legs?

Yes, if economic readings keep coming in like today. And yes, if corporate earnings keep beating … [visit site to read more] or compare Best Credit Cards and Best CD Rates

PKX To Explore Oil In Uzbekistan

Posted: 18 Nov 2010 01:35 PM PST

Korean steel producer, POSCO (PKX) signed agreements with the State-run National Oil Corporation and Samchully for the exploration of two oil fields in Uzbekistan. The fields covering 6,170 km2 are located offshore in the Northeastern region of Uzbekistan.
The oil block exploration project related to the fields in West Ferghana/Chinabad was initiated in February 2010, with KNOC investing 65%, POSCO 20% and Samchully 15% of the total investment. Promotion of energy development in the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Raytheon Gets Navy Contract

Posted: 18 Nov 2010 01:35 PM PST

Defense contractor Raytheon Company (NYSE:RTN) got a $240 million U.S. Navy contract for production and delivery of critical components of the Aegis weapons system for the Arleigh Burke class of destroyers.
Aegis Weapon System is a sea-based Ballistic Missile Defense System. The system can simultaneously target the opponent on land and sea, while automatically implementing defenses to protect the fleet against hostile aircraft and missiles. Apart from the U.S Navy, this defense system is used by … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/JPY Up Toward The End Of U.S. Session

Posted: 18 Nov 2010 01:30 PM PST

Forex Pros – The Euro was higher against the Japanese Yen on Thursday.

EUR/JPY was trading at 113.92, up 1.24% at time of writing.

The pair was likely to find support at 112.27, Tuesday's low, and resistance at 114.09, today's high.

Meanwhile, the Euro was up against the U.S. Dollar and down against the British Pound, with EUR/USD gaining 0.80% to hit 1.3639 and EUR/GBP falling 0.05% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Three ETFs Influenced By Black Friday

Posted: 18 Nov 2010 01:17 PM PST

With Thanksgiving right around the corner, the nation's single busiest shopping day is about to unleash, and whether or not the retail sector will get a boost this holiday season is ambiguous, however, the Retail HOLDRs (RTH), the iShares Dow Jones US Consumer Services (IYC) and the SPDR S&P Select Retail (XRT) are likely to be influenced regardless of the outcome.
A poll conducted by the National Retail Federation shows that up to 138 million shoppers may visit the nation's … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.S. Markets Close Higher; Dow Jones Up 1.57%

Posted: 18 Nov 2010 01:10 PM PST

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

At the close of U.S. trade, the Dow Jones Industrial Average rose 1.57%, the S&P 500 index gained 1.53%, while the Nasdaq 100 index climbed 1.66%.

Meanwhile, across the Atlantic, European stock markets closed higher. France's CAC 40 was up 2.80%; Germany's DAX gained 1.97%; Britain's FTSE 100 climbed 1.34%; and the EURO STOXX 50 rose … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Smucker Beats Estimates

Posted: 18 Nov 2010 01:05 PM PST

The J.M. Smucker Company (NYSE:SJM) delivered non-gaap earnings per share (EPS) of $1.38 for its second quarter fiscal 2011 ended October 31, 2010, outperforming the Zacks Consensus Estimate of $1.31 and the year-ago EPS of $1.22 cents. A lower tax rate and price increases drove the outperformance.

For the first quarters of fiscal 2011 and 2010, EPS excluded restructuring and merger and integration costs of 13 cents and 4 cents, respectively.

Net sales remained almost flat at $1,278.9 million in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Red Robin Downgraded

Posted: 18 Nov 2010 01:05 PM PST

We are downgrading our rating on Red Robin Gourmet Burgers Inc (NASDAQ:RRGB), a chain of casual dining restaurants founded in 1969, to Underperform from Neutral.
The rating downgrade is based on third quarter 2010 results, which were below the Zacks Consensus Estimate, as the company experienced a rise in cost, negatively impacting margins.
The company expects negative same store sales and cost inflation in the fourth quarter of 2010. We thus remain apprehensive regarding the stock in the near term, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

BHP Billiton Increases Investment

Posted: 18 Nov 2010 12:35 PM PST

A total of $635 million has been approved for investment in Western Australia's iron ore production with $570 million share of BHP Billiton Ltd. (NYSE:BHP), which agreed to invest after withdrawing from the buy-out offer for Canada’s Potash Corp. of Saskatchewan Inc. (NYSE:POT).
Other partners in the investment are Itochu Minerals & Energy of Australia Pty Ltd; Mitsui-Itochu Iron Pty Ltd and Mitsui Iron Ore Corporation Pty Ltd. BHP Billiton share of investment takes into account the 100% … [visit site to read more] or compare Best Credit Cards and Best CD Rates

A New Santos Discovery For PBR

Posted: 18 Nov 2010 12:35 PM PST

Brazilian state controlled energy company  Petroleo Brasileiro (NYSE:PBR) or Petrobras announced the discovery of light oil in sandstone reservoirs to the south of Santos Basin. However, the company did not disclose the estimated amount of oil found.
As per the company spokesperson, the oil discovered was similar to those found in the accumulations of Tiro and Sidon.
The exploratory well, situated in block S-M-1352 of the BM-S-41 Concession, is about 280 kilometers off the coast of the State … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/JPY Up During The U.S. Session

Posted: 18 Nov 2010 12:30 PM PST

Forex Pros – The U.S. Dollar was higher against the Japanese Yen on Thursday.

USD/JPY was trading at 83.47, up 0.34% at time of writing.

The pair was likely to find support at 82.40, Monday's low, and resistance at 83.78, today's high.

Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.75% to hit 1.3632 and GBP/USD rising 0.84% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Qualcomm Provides A Rosy Outlook

Posted: 18 Nov 2010 12:05 PM PST

Qualcomm Inc. (NASDAQ:QCOM) today declared that its chipset inventory level is lower than usual contradicting its prior announcement that the CDMA mobile phone chipset giant is witnessing an inventory glut during the fourth quarter of calendar year 2010 (the first quarter of fiscal 2011 for the company).
This announcement diminishes investors' concern about overstocking of chips by smartphone developers and also indicates that Qualcomm can sell more chipsets during the upcoming holiday … [visit site to read more] or compare Best Credit Cards and Best CD Rates

ArvinMeritor Tops Estimates

Posted: 18 Nov 2010 12:05 PM PST

ArvinMeritor Inc. (NYSE:ARM) posted a profit of $8 million or 8 cents per share during the fourth quarter of its fiscal year ended September 30, 2010 in contrast to a loss of $11 million or 16 cents per share in the same period a year ago. The company fared well compared with the Zacks Consensus Estimate of breakeven results.
Revenues in the quarter grew 37% to $956 million due to strong truck demand in Europe and the U.S. Operating income increased $20 million to $31 million.
Adjusted EBITDA went … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Windstream To Underperform

Posted: 18 Nov 2010 12:05 PM PST

We are downgrading our long-term recommendation on Windstream Communication (NYSE:WIN), the fifth largest local telephone carrier in the U.S, to Underperform from Neutral on account of highly leverage balance sheet. Currently, the stock has a Zacks Rank # 3 (Hold), which signifies that for the short term (1-3 months), we are currently maintaining our Hold rating.
Windstream's ongoing acquisitions to expand its coverage markets and subscriber count are vital for its survival in an industry that … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Aflac Upped To Outperform

Posted: 18 Nov 2010 12:05 PM PST

On Thursday, we upgraded our recommendation on the shares of Aflac Inc. (NYSE:AFL) to Outperform from Neutral based on its recent dividend hike coupled with the resumption of its stock buyback program, reflecting a fair liquidity and retaining investors' confidence.
Besides, Aflac's third quarter per share of $1.45 came in modestly ahead of the Zacks Consensus Estimate of $1.39 and also compared favorably with earnings of $1.25 in the year-ago quarter. Earnings for the reported quarter … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Eaton & Best Buy Team On EVs

Posted: 18 Nov 2010 12:05 PM PST

Diversified power management company Eaton Corporation (NYSE:ETN) announced that it has teamed up with Best Buy Co. Inc. (NYSE:BBY) to provide logistical facilities for electrical vehicles, to be launched by Mitsubishi Motors North America, Inc, with an aim to boost sales.
The logistical support will be required for the new Mitsubishi’s “i” model electric vehicle, which will hit the market during the fall of 2011. These new electrical vehicles will run on lithium-ion battery.
For retail consumers, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CAD Down During The U.S. Session

Posted: 18 Nov 2010 12:00 PM PST

Forex Pros – The U.S. Dollar was lower against the Canadian Dollar on Thursday.

USD/CAD was trading at 1.0213, down 0.32% at time of writing.

The pair was likely to find support at 1.0057, Monday's low, and resistance at 1.0262, Wednesday's high.

Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.76% to hit 1.3634 and GBP/USD rising 0.86% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Weekly Rail Traffic Continues Steady Gains Vs. 2009

Posted: 18 Nov 2010 11:57 AM PST

The volume of weekly rail traffic continues to register improvements over last year, and the gains in Week 45 (November 8- 13) announced today by the American Association of Railroads were 5.8% for carloads (297,269), and 11.9% for trailers and containers (232,888 intermodal units) compared to the same week of 2009.  

Steady weekly improvements in Warren Buffet’s single-most favorite indicator (“rail traffic”) indicate that there are ongoing increases in the demand for raw … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Scripps Networks To Outperform

Posted: 18 Nov 2010 11:35 AM PST

We upgrade our recommendation on Scripps Networks Interactive Inc. (NYSE:SNI) to Outperform following its impressive third quarter financial results of fiscal 2010, well above the Zacks Consensus Estimate.
This was primarily attributable to significant growth in advertising and affiliate-fee revenue at the company's flagship Lifestyle Media business and higher total segment profit. Importantly, the struggling online shopping business sites of the company also generated year-over-year growth.
The … [visit site to read more] or compare Best Credit Cards and Best CD Rates

AIG Postpones Equity Unit Offering

Posted: 18 Nov 2010 11:35 AM PST

Briskly moving ahead with its recapitalization program, on Wednesday, American International Group Inc. (NYSE:AIG) announced a further extension of 74.48 million of its equity units exchange offering to November 23.
With the commencement of the exchange on October 8, AIG had scheduled the expiry of the exchange offering to be on November 10, but on this day it was postponed to November 17, marking the current extension as the second one in line.
On October 8, AIG offered 74.48 million of its … [visit site to read more] or compare Best Credit Cards and Best CD Rates

SID Downgraded To Underperform

Posted: 18 Nov 2010 11:35 AM PST

We recently downgraded our recommendationfor Companhia Siderurgica Nacional (NYSE:SID) or CSN, one of the leading Brazilian steel makers, from Neutral to Underperform.
Third Quarter Highlights
On October 28, Companhia Siderurgica Nacional announced its financial results for the third quarter of 2010. The company's net income plunged 37% year over year and 19% sequentially to R$720 million (US$409.1 million), or R$0.48 per share (US$0.27 per ADR). Earnings results lagged behind the Zacks … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Up During The U.S. Session

Posted: 18 Nov 2010 11:30 AM PST

Forex Pros – The British Pound was higher against the U.S. Dollar on Thursday.

GBP/USD was trading at 1.6034, up 0.79% at time of writing.

The pair was likely to find support at 1.5840, Tuesday's low, and resistance at 1.6155, Monday's high.

Meanwhile, the British Pound was up against the Euro and the Japanese Yen, with EUR/GBP shedding 0.12% to hit 0.8496 and GBP/JPY rising 1.19% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Irish Woes Stress Euro

Posted: 18 Nov 2010 11:18 AM PST

Today’s Idea
The European situation remains very unclear at the moment given, which could give investors a reason to convert to Dollars. Traders have been finicky, however, which could result in Euro investment if the market perceives the Irish debt crisis is contained. For this reason, some traders may wish to take on a bearish options position with limited risk. Some traders may wish to enter into a bear put spread, buying the December Euro 1.35 put and selling the December 1.33 put for a … [visit site to read more] or compare Best Credit Cards and Best CD Rates

“Pay Attention To The Macro Reports”

Posted: 18 Nov 2010 11:12 AM PST

11/18/10 ICAP’s Kenneth Polcari discusses today’s rally in US stocks, and weighs in on the GM … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Leading Index, NY Fed Predict Continued Growth

Posted: 18 Nov 2010 11:09 AM PST

The Conference Board’s Index of Leading Indicators increased again in October, marking the fourth straight monthly gain in the gauge of future economic activity, and the 17th increase out of the last 19 months going back to April 2009 when the recession was winding down.  Back-to-back monthly gains of 0.5% in the Leading Index in September and October suggest that the economic recovery will stay on track through the end of this year and continue to improve through next spring.  … [visit site to read more] or compare Best Credit Cards and Best CD Rates

IsoRay Beats By A Penny

Posted: 18 Nov 2010 11:05 AM PST

IsoRay Inc’s (ISR) first-quarter fiscal 2011 (ended September 30) loss per share of 4 cents was a penny below the Zacks Consensus Estimate, but matched the year-ago loss. Net loss (applicable to common shareholders) trimmed 3.8% year over year to $874,540 as lower operating expenses offset the revenue decline in the quarter.
The company, which makes the Cesium-131 internal radiation therapy (brachytherapy) isotope, posted product sales of roughly $1.33 million, down 4% year over year. The … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Sears Widens Loss, Fails Estimates

Posted: 18 Nov 2010 11:05 AM PST

Sears Holdings Corp.'s (NASDAQ:SHLD) fiscal 2010 third-quarter net loss widened to $1.71 per share from a net loss of 81 cents in the year-ago period, missing the Zacks Consensus Estimate of a loss of $1.07 per share. Excluding special items, adjusted loss per share came in at $1.98 per share.  
Quarterly Details

During the quarter, Sears' total revenue declined 5.1% year over year to $9,678 million and came in behind the Zacks Consensus Estimate of $9,903 million. The company's revenues … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – AUD/USD Up During The U.S. Session

Posted: 18 Nov 2010 11:00 AM PST

Forex Pros – The Australian Dollar was higher against the U.S. Dollar on Thursday.

AUD/USD was trading at 0.9884, up 0.88% at time of writing.

The pair was likely to find support at 0.9726, Tuesday's low, and resistance at 0.9920, Monday's high.

Meanwhile, the Australian Dollar was up against the Euro and the Japanese Yen, with EUR/AUD shedding 0.20% to hit 1.3782 and AUD/JPY rising 1.31% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Risk Appetite Rises On Eurozone Optimism & Strong Data

Posted: 18 Nov 2010 05:49 AM PST

11/18/10 The higher-yielding euro rebounded this afternoon following strong economic data and growing optimism about the health of the eurozone … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Maintain Outperform On Dejour (DEJ)

Posted: 18 Nov 2010 10:31 AM PST

by Steven Ralston, CFA
Dejour (DEJ) reported results for the third quarter of 2010 ending September 30, 2010. Quarterly earnings were a loss of CAD $0.01 per diluted share. Total revenues increased 141% year-over-year to $2.54 million attributable to two new wells (one gas and one oil) coming on line in May with unlimited production for 90 days, of which a portion was recorded in the third quarter. Sequentially, average production increased to 610 BOE/D from 599 BOE/D in the second … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Parker Acquires Gulf Coast Seal

Posted: 18 Nov 2010 10:31 AM PST

Parker Hannifin (NYSE:PH) has announced the acquisition of Gulf Coast Seal Limited based in Houston, Texas.
The target provides highly engineered elastomeric and plastic sealing components used in offshore oil and gas drilling applications as well as quick-in-response machining and value-added services. It has an annual turnover of $45 million and employs 160 people.
Gulf Coast Seal provides Parker with a product line extension in the form of a full line of PEEK components. Industrial-grade PEEK … [visit site to read more] or compare Best Credit Cards and Best CD Rates

New Diagnostic Test From Luminex

Posted: 18 Nov 2010 10:31 AM PST

Luminex Corporation (NASDAQ:LMNX), a developer of biological testing technologies, has commenced the commercial launch of its first pharmacogenetic test following its recent approval by the U.S. Food and Drug Administration (FDA). Pharmacogenetics is the study of genetic factors that influence an individual’s response to drugs.
The test, dubbed the xTAG CYP2D6 Kit, has been designed to bring in the personalized medicine approach by helping physicians to identify and manage patients for whom they may … [visit site to read more] or compare Best Credit Cards and Best CD Rates

PAY Pays More For Hypercom

Posted: 18 Nov 2010 10:31 AM PST

Electronic payments processing company, VeriFone Systems, Inc. (NYSE:PAY) will finally acquire rival Hypercom Corporation (NYSE:HYC) for approximately $7.32 per share or $485 million, including net debt assumed by VeriFone. As of September 30, 2010, Hypercom had a long-term debt of $61.7 million.
The offer price of $7.32 is at a 19% premium to Hypercom's closing price of $6.13 on November 16, 2010 and is up 39.4% from the previous offer of $5.25 per share. Under the terms of the acquisition, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Synchronica Cheers Expansion Following Recent Acquisition And Contract Win

Posted: 18 Nov 2010 10:30 AM PST

Synchronica Plc (LON:SYNC) , the mobile telecoms specialist behind the development of next-generation messaging services, has grown its customer base to 60 mobile operators following the successful acquisition of competitor iseemedia, and group-wide framework agreement with a pan-African operator group. Synchronica has currently deployed its solutions to 31 mobile operators, and once all 60 are delivered, the company's messaging solutions will be available to just over 990 million … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Statoil Remains Active In Smoerbukk

Posted: 18 Nov 2010 10:30 AM PST

Statoil ASA (NYSE:STO) has been fairly active on the project development front. As a part of this effort, Statoil preponed its production commencement for Smoerbukk North-East field to December 2011 from its earlier plan of 2013 start up.
The company highlighted that it is developing the Smoerbukk North-East field as a satellite to the Aasgard B platform, making it one of the fastest developments ever in the Norwegian Sea. Asgard is situated on the Haltenbank in the Norwegian Sea, about 200 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Staples Earnings Rises

Posted: 18 Nov 2010 10:30 AM PST

Staples, Inc. (NASDAQ:SPLS), the global leader in the supply of office products, recently posted third-quarter 2010 results. The quarterly earnings of 41 cents a share came a penny ahead of the Zacks Consensus Estimate and rose 5.1% from 39 cents earned in the prior-year quarter.
Despite a marginal increase in the top-line, Staples was able to deliver a mid single-digit growth in its bottom-line on the back of effective cost management. On a reported basis, including one-time items, earnings came in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Chico Beats On Solid Sales

Posted: 18 Nov 2010 10:30 AM PST

Chico’s FAS Inc. (NYSE:CHS) reported third-quarter 2010 earnings of 16 cents per share, just about beating the Zacks Consensus Estimate of 15 cents. The result also compares favorably with 13 cents earned in the second quarter of 2009. Net income was $28.8 million, compared with $22.7 million in the prior-year quarter.
Sales
Net sales in the third quarter 2010 were $483.0 million, up 8.1% year over year from $446.9 million in the prior-year period. The advance reflects a 5.7% year-over-year … [visit site to read more] or compare Best Credit Cards and Best CD Rates

GameStop Earnings Rises

Posted: 18 Nov 2010 10:30 AM PST

GameStop Corporation (NYSE:GME), the video game and entertainment software retailer, recently posted third-quarter 2010 results. The quarterly earnings of 38 cents a share came a penny ahead of the Zacks Consensus Estimate and rose 18.8% from 32 cents earned in the prior-year quarter driven by top-line growth and effective cost management.
The Zacks Consensus Estimate was stable prior to the earnings announcement with no upward or downward revisions in the analysts' estimates in the past 30 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

BJ’s 2010 Expansion Complete

Posted: 18 Nov 2010 10:30 AM PST

BJ's Restaurants Inc. (NASDAQ:BJRI), which owns and operates a chain of high-end casual dining restaurants in the United States, announced that it has finally opened the tenth and last restaurant of fiscal 2010. The new restaurant covers an area of 8,500 square feet, which accommodates a seating arrangement for 280 guests in Shenandoah, Texas.
The company will likely be able to drive a higher traffic in this new restaurant located in the Northern Houston market, at the Portofino shopping center. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Up During The U.S. Session

Posted: 18 Nov 2010 10:25 AM PST

Forex Pros – The Euro was higher against the U.S. Dollar on Thursday.

EUR/USD was trading at 1.3631, up 0.74% at time of writing.

The pair was likely to find support at 1.3448, Tuesday's low, and resistance at 1.3751, Monday's high.

Meanwhile, the Euro was down against the British Pound and up against the Japanese Yen, with EUR/GBP shedding 0.06% to hit 0.8501 and EUR/JPY rising 1.31% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

European Markets Close Higher; Dax Up 1.97%

Posted: 18 Nov 2010 09:55 AM PST

Forex Pros – European stocks were up after the closing bell on Thursday.

At the close of European trade, Germany's DAX rose 1.97%, London's FTSE 100 gained 1.34%, France's CAC 40 climbed 2.80% and the EURO STOXX 50 was up 1.87%.

Meanwhile, on Wall Street, equity markets were up after the open. The Dow Jones Industrial Average was up 1.65%; the S&P 500 index gained 1.79%, while the Nasdaq 100 index climbed … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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