DailyMarkets.com - A Note Of Thanks…
DailyMarkets.com - A Note Of Thanks… |
- A Note Of Thanks…
- Toyota Sees Net Profit Accelerate
- M&T’s Ratings Affirmed By Fitch
- Goodrich Gets Lockheed Contract
- Closing Bell Market Monitor: KFT, JPM, WPO
- Earnings Preview: Heading For The Home Stretch
- Republic Services Lags By 1 Cent
- Earnings Scorecard: Broadcom
- Washington Post’s Profit Surges
- Earnings Scorecard: Vale S.A.
- Starbucks Remains Optimistic
- Speaking Volumes
- Forex – EUR/USD Down At The End Of U.S. Session
- Employment Report In Depth, Pt. 2
- Kraft Misses But Reaffirms Guidance
- Earnings Scorecard: Wyndham
- Forex – USD/JPY Up Toward The End Of U.S. Session
- U.S. Markets Mixed At Close; Dow Jones Up 0.08%
- Earnings Preview: GOL Linhas Aereas
- CSC Order Winning Spree Continues
- Employment Report In Depth, Pt. 1
- ITT Wins Air Force Contract
- Contract Wins For Accenture
- Plum Creek Earnings Scorecard
- Forex – EUR/USD Down On Jobs Data
- S&P 500 – 1,256 Could Be Important In The Intermediate Term
- Earnings Scorecard: Eastman Kodak
- Earnings Scorecard: 3M Co.
- Earnings Scorecard: Cardinal Health
- Risk Appetite Returns To Close Week
- Forex – USD/CAD Down On Economic Data
- DaVita Exceeds, Revises Guidance
- Jacobs Doubles Contracts
- AUD/USD Appears Intent On Reaching Yet Higher Record Highs
- European Markets Mixed At Close; Dax Up 0.29%
- Stock Market Movers On Friday: Citi, Bank Of America, JPMorgan, Schlumberger, Coventry Healthcare, iShares Small Cap Fund, Sandridge, Hecla Mining, US Bancorp, Starbucks, Green Mountain Coffee Roasters, Kraft
- “Going Into Year End…Dow Finishes 12K Or Higher”
- Microchip Beats Expectations
- Ventas Beats Estimates
- The Most Interesting Stock Market Chart This Week
- America’s Two Economies, And Why One Is Recovering And The Other Isn’t.
- Forex – EUR/USD Down On U.S. Data
- Forex – USD/JPY Up On U.S. Data
- Avoiding The Next Bubble
| Posted: 05 Nov 2010 04:10 PM PDT Few blogs can survive (or thrive) without the support of other websites. With that in mind, I’d especially like to thank the following blogs and websites (listed in alphabetical order) for their interest in what I’ve had to say and all the traffic they’ve sent my way during the past three months: Bearish News
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| Toyota Sees Net Profit Accelerate Posted: 05 Nov 2010 03:20 PM PDT 11/05/10 The Toyota Motor Corp. announced Friday that it reached a net profit of $3.58 billion in the first half of the fiscal … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| M&T’s Ratings Affirmed By Fitch Posted: 05 Nov 2010 03:05 PM PDT M&T Bank Corporation's (NYSE:MTB) long-term and short-term issuer default ratings (IDRs) were affirmed by Fitch Ratings at "A-" and "F1," respectively. However, the rating outlook remains "Negative."
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| Goodrich Gets Lockheed Contract Posted: 05 Nov 2010 03:05 PM PDT Goodrich Corporation (NYSE:GR) received a contract from Lockheed Martin Corporation (NYSE:LMT) to supply pylons for a program to improve U.S. Air Force military transport aircraft.
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| Closing Bell Market Monitor: KFT, JPM, WPO Posted: 05 Nov 2010 02:48 PM PDT 11/05/10 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
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| Earnings Preview: Heading For The Home Stretch Posted: 05 Nov 2010 02:35 PM PDT Earnings Preview 11/05/10 The third quarter earnings season is now almost over, but the key word is “almost.” Next week, a total of 610 firms will report, but only 21 of those will be S&P 500 firms. We define any fiscal period ending in August, September and October to be the third quarter. We are getting to the point where most of the remaining firms had fiscal period-ends in October. Many of those are retailers. The firms reporting next week include many of interest, including: Cisco … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Republic Services Lags By 1 Cent Posted: 05 Nov 2010 02:35 PM PDT Republic Services, Inc. (NYSE:RSG) reported third-quarter 2010 net income from continuing operations of 45 cents, lagging the Zacks Consensus Estimate of 46 cents by a penny. Results, however, were ahead of 39 cents per share reported in the prior year quarter. Net income from continuing operations were $172.8 million, up 16% from $149.3 million in third-quarter 2009.
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| Posted: 05 Nov 2010 02:35 PM PDT Estimates for Broadcom Corporation (NASDAQ:BRCM) have been on the upswing in the last seven days after the company reported solid results for the third quarter of 2010. Both the top-line and bottom-line numbers recorded solid growth in the quarter, which beat expectations. The company also provided better-than-expected guidance for the fourth quarter.
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| Washington Post’s Profit Surges Posted: 05 Nov 2010 02:35 PM PDT The Washington Post Company (NYSE:WPO) recently posted that third-quarter earnings, excluding one-time items, jumped to $9.12 per share from $2.76 cents in the prior-year quarter. Earnings were well above the Zacks Consensus Estimate of $7.07 per share.
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| Posted: 05 Nov 2010 02:05 PM PDT Following the excellent third quarter earnings announcement on October 27, analysts following Vale S.A. (VALE) also remain optimistic. An increase in the capital budget for fiscal 2011, justifies management's view towards the company.
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| Posted: 05 Nov 2010 02:05 PM PDT Starbucks Corporation (NASDAQ:SBUX), one of the leading roaster and retailer of specialty coffee, registered robust results for the fourth quarter and fiscal 2010. Adjusted quarterly earnings of 37 cents a share were a penny below the Zacks Consensus Estimate of 38 cents, but increased 54.2% from 24 cents delivered in the prior-year quarter. On a reported basis, earnings grew a robust 85% to 37 cents a share compared with 20 cents delivered in year-earlier period.
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| Posted: 05 Nov 2010 01:57 PM PDT Whether or not you believe the monthly headline employment data is being manipulated (see: “A Growing Gulf” for more on the topic), the divergence between the long-term trend of employment in the goods-producing and service-providing industries speaks volumes about the hollowing out of the U.S. manufacturing … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – EUR/USD Down At The End Of U.S. Session Posted: 05 Nov 2010 01:55 PM PDT Forex Pros – The Euro was lower against the U.S. Dollar on Friday after the release of U.S. data on Nonfarm Payrolls. EUR/USD was trading at 1.4031, down 1.23% at time of writing. The pair was likely to find support at 1.3864, Monday's low, and resistance at 1.4282, Thursday's high. Earlier in the day, official data showed that U.S. non-farm payrolls rose more-than-expected to a seasonally adjusted 151.00K last month, from -41.00K 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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| Employment Report In Depth, Pt. 2 Posted: 05 Nov 2010 01:35 PM PDT (The following is a continuation of an earlier post: Employment Report In Depth, pt. 1.) This recession has hit men harder than it has hit women. However, over the past year, things seem to be "evening out" between the genders. In October, the unemployment rate for adult men dipped to 9.7% from 9.8%, in both September and August. It is down from 10.6% a year ago. A bit of that is an illusion, though, as the participation rate for men plunged from 74.2% in … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Kraft Misses But Reaffirms Guidance Posted: 05 Nov 2010 01:35 PM PDT Kraft Foods Inc. delivered third quarter results with earnings of 43 cents per share, which were below the Zacks Consensus Estimate of 48 cents by 10.4% and year-ago earnings of 55 cents by 21.8%. Lower profits were primarily attributable to lower tax rate in 2009 and acquisition-related costs.
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| Posted: 05 Nov 2010 01:35 PM PDT On October 26, Wyndham Worldwide Corporation (NYSE:WYN) reported its third quarter fiscal 2010 adjusted earnings of 68 cents per share, ahead of the Zacks Consensus Estimate of 63 cents and the year-earlier quarter's earnings of 58 cents per share.
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| Forex – USD/JPY Up Toward The End Of U.S. Session Posted: 05 Nov 2010 01:35 PM PDT Forex Pros – The U.S. Dollar was higher against the Japanese Yen on Friday after the release of U.S. data on Nonfarm Payrolls. USD/JPY was trading at 81.33, up 0.72% at time of writing. The pair was likely to find support at 80.33, Monday's low, and resistance at 81.57, Wednesday's high. Earlier in the day, official data showed that U.S. non-farm payrolls rose more-than-expected to a seasonally adjusted 151.00K last month, from -41.00K in the preceding month whose figure was revised up … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| U.S. Markets Mixed At Close; Dow Jones Up 0.08% Posted: 05 Nov 2010 01:10 PM PDT Forex Pros – U.S. stocks were mixed after the closing bell on Friday. At the close of U.S. trade, the Dow Jones Industrial Average rose 0.08%, the S&P 500 index gained 0.39%, while the Nasdaq 100 index declined 0.05%. Earlier in the day, official data showed that U.S. non-farm payrolls rose more-than-expected to a seasonally adjusted 151.00K last month, from -41.00K in the preceding month whose figure was revised up from -95.00K. Analysts had expected U.S. non-farm payrolls to rise … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Earnings Preview: GOL Linhas Aereas Posted: 05 Nov 2010 01:05 PM PDT GOL Linhas Aereas (NYSE:GOL) is slated to announce its third quarter results on November 9. The Zacks Consensus Estimate is 19 cents, a penny above the year-earlier earnings of 18 cents.
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| CSC Order Winning Spree Continues Posted: 05 Nov 2010 01:05 PM PDT Computer Sciences Corporation (NYSE:CSC) continues on its contract winning spree. Among the recent deal wins, first comes the U.S. Missile Defense Agency (MDA) infrastructure and deployment services contract, awarded to CSC during the first quarter of fiscal 2010.
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| Employment Report In Depth, Pt. 1 Posted: 05 Nov 2010 12:35 PM PDT The economy added a total of 151,000 jobs in October. That is far above consensus expectations for a gain of 60,000. Government payrolls declined by 8,000 and the private sector added a total of 159,000. The consensus was looking for no change in Government jobs and thus also for a gain of 60,000 private sector jobs. That, however, was not enough to drive the unemployment rate down, and it remains at 9.6%, more or less where it has been stuck since May. The numbers for August and September … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 05 Nov 2010 12:05 PM PDT ITT Corporation (NYSE:ITT) has bagged a contract from the U.S. Air National Guard for testing an all-weather targeting pod for the F-16 fighter aircraft.
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| Posted: 05 Nov 2010 12:05 PM PDT Technology outsourcing and consulting major Accenture Inc. (NYSE:ACN) is flying high with a number of contract wins this week. Accenture recently announced that KF – The Swedish Cooperative Union has selected its application management services under a multi-year contract.
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| Posted: 05 Nov 2010 12:05 PM PDT Plum Creek Timber Co. Inc. (NYSE:PCL), a real estate investment trust (REIT) that owns one of the largest private timberlands in the U.S., reported fiscal 2010 third quarter earnings of 20 cents per share, which exceeded the Zacks Consensus Estimate by 8 cents.
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| Forex – EUR/USD Down On Jobs Data Posted: 05 Nov 2010 12:00 PM PDT Forex Pros – The Euro was lower against the U.S. Dollar on Friday after the release of U.S. data on Nonfarm Payrolls. EUR/USD was trading at 1.4043, down 1.15% at time of writing. The pair was likely to find support at 1.3864, Monday's low, and resistance at 1.4282, Thursday's high. Earlier in the day, official data showed that U.S. non-farm payrolls rose more-than-expected to a seasonally adjusted 151.00K last month, from -41.00K 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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| S&P 500 – 1,256 Could Be Important In The Intermediate Term Posted: 05 Nov 2010 11:50 AM PDT Friday's better than expected employment report aligns well with the market's post-QE2 interpretation the economy is in a little better shape than most believe. Now that mid-terms, QE2, and the employment report are in the rearview mirror, it is a good time to catch our breath and discern what may be in store over the next week or two. Market participants and their trading algorithms tend to have long memories. We are not big fans of making decisions based exclusively on … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Earnings Scorecard: Eastman Kodak Posted: 05 Nov 2010 11:35 AM PDT Eastman Kodak Company (NYSE:EK) reported improved numbers in the third quarter of fiscal 2010 on October 28. Management has reiterated its sales guidance for fiscal 2010 and expects it in the range of $7.5 billion to $7.7 billion, flat compared to the previous year.
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| Posted: 05 Nov 2010 11:35 AM PDT On October 28, 3M Company (NYSE:MMM) reported its third quarter fiscal 2010 earnings of $1.53 per share, ahead of the Zacks Consensus Estimate. With a 13% increase in its earnings, the company's sales improved in all its business and geographic regions. Given below is our report on the recent earnings announcement as well as subsequent analyst estimate revisions over short and long-term periods.
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| Earnings Scorecard: Cardinal Health Posted: 05 Nov 2010 11:35 AM PDT Cardinal Health (CAH) reported first-quarter fiscal 2011 (ended September 30) adjusted (excluding one-time expenses) earnings per share of 64 cents, exceeding the Zacks Consensus Estimate of 53 cents as well as the year-ago figure of 54 cents.
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| Risk Appetite Returns To Close Week Posted: 05 Nov 2010 11:24 AM PDT 11/05/10 Volatile equitiy markets and strong economic data have paved the way for quite the rise in higher-yielding … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – USD/CAD Down On Economic Data Posted: 05 Nov 2010 11:10 AM PDT Forex Pros – The U.S. Dollar was lower against the Canadian Dollar on Friday after the release of U.S. data on Nonfarm Payrolls. USD/CAD was trading at 1.0004, down 0.19% at time of writing. The pair was likely to find support at 0.9992, today's low, and resistance at 1.0203, Monday's high. Earlier in the day, official data showed that U.S. non-farm payrolls rose more-than-expected to a seasonally adjusted 151.00K last month, from -41.00K in the preceding month whose figure was revised … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| DaVita Exceeds, Revises Guidance Posted: 05 Nov 2010 11:05 AM PDT DaVita Inc. (NYSE:DVA) reported third-quarter net operating income, excluding debt redemption charges of $119.4 million, or $1.15 per share, exceeding the Zacks Consensus Estimate of $1.13. DaVita earned $110.9 million or $1.06 per share in the comparable quarter of 2009.
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| Posted: 05 Nov 2010 11:05 AM PDT Jacobs Engineering Group Inc. (NYSE:JEC) has won engineering contracts from the United States Government (USG), Department of State (DOS), Bureau of Overseas Buildings Operations (OBO), and Porton Fine Chemicals Ltd (Porton), China-based custom manufacturing organization.
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| AUD/USD Appears Intent On Reaching Yet Higher Record Highs Posted: 05 Nov 2010 10:59 AM PDT Price action on AUD/USD (a 4-hour chart of which is shown) as of Friday (11/05/2010) has continued to display its bullish intent on the heels of this week's FOMC and Non-Farm Payrolls announcements. This bullish march appears intent on reaching yet higher record highs. After breaking out cleanly above parity (1.0000) and establishing a multi-decade high this week, price went on to approach 1.0200, which is around a key 161.8% Fibonacci extension level. As price is currently in … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| European Markets Mixed At Close; Dax Up 0.29% Posted: 05 Nov 2010 10:55 AM PDT Forex Pros – European stocks were mixed after the closing bell on Friday. At the close of European trade, Germany's DAX rose 0.29%, London's FTSE 100 gained 0.21%, France's CAC 40 declined 0.00% and the EURO STOXX 50 was down 0.29%. Earlier in the day, official data showed that U.S. non-farm payrolls rose more-than-expected to a seasonally adjusted 151.00K last month, from -41.00K in the preceding month whose figure was revised up from -95.00K. Analysts had expected U.S. non-farm … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 05 Nov 2010 10:41 AM PDT The market continues Kung Fu Fighting, and while the Fed intervention seemed quite frightening, those Cats (the Fed) fight with expert timing! (I never thought that I would work this one into the Corner, thanks Doug.) But the Fed seems to have pulled off the greatest timing for easing and in front of what seems to be on the surface, Job growth that is quite pleasing. I want to note that, yes, we still have 9.6% unemployment, but the +160K growth in private sector jobs is the largest in … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| “Going Into Year End…Dow Finishes 12K Or Higher” Posted: 05 Nov 2010 10:38 AM PDT 11/05/10 Seaport Securities’ Jason Weisberg weighs in on the October jobs report, and discusses his market expectations for the upcoming … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 05 Nov 2010 10:35 AM PDT Microchip Technology Incorporated (NASDAQ:MCHP) reported net revenues of $382.2 million in the second quarter of fiscal 2011, up 7.0% sequentially and 68.7% year-over-year, beating the Zacks Consensus Estimate of $341 million.
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| Posted: 05 Nov 2010 10:35 AM PDT Ventas Inc. (NYSE:VTR), a leading healthcare real estate investment trust (REIT), reported third quarter 2010 funds from operations (FFO) of $108.9 million or 69 cents per share, compared to $98.3 million or 63 cents in the year-earlier quarter. Funds from operations, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and other non-cash expenses to net income.
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| The Most Interesting Stock Market Chart This Week Posted: 05 Nov 2010 10:30 AM PDT I thought Friday would be the perfect time to bring you a bit of technical analysis insight. This week’s stock market chart just blew me away when I saw it and thought it would be a great candidate. Adobe Systems (NASDAQ:ADBE), the Silicon Valley software creator, should not only be known as the creator of PDF’s and flash players, but maybe also for the enormous and frequent “gaps” in its stock price. Adobe Versus Apple Before we get to those gaps, there is one thing that we need to talk … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| America’s Two Economies, And Why One Is Recovering And The Other Isn’t. Posted: 05 Nov 2010 09:56 AM PDT Next time you hear an economist or denizen of Wall Street talk about how the "American economy" is recovering, watch your wallet.
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| Forex – EUR/USD Down On U.S. Data Posted: 05 Nov 2010 09:50 AM PDT Forex Pros – The Euro was lower against the U.S. Dollar on Friday after the release of U.S. data on Nonfarm Payrolls. EUR/USD was trading at 1.4060, down 1.03% at time of writing. The pair was likely to find support at 1.3864, Monday's low, and resistance at 1.4282, Thursday's high. Earlier in the day, official data showed that U.S. non-farm payrolls rose more-than-expected to a seasonally adjusted 151.00K last month, from -41.00K 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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| Forex – USD/JPY Up On U.S. Data Posted: 05 Nov 2010 09:20 AM PDT Forex Pros – The U.S. Dollar was higher against the Japanese Yen on Friday after the release of U.S. data on Nonfarm Payrolls. USD/JPY was trading at 81.39, up 0.81% at time of writing. The pair was likely to find support at 80.33, Monday's low, and resistance at 81.57, Wednesday's high. Earlier in the day, official data showed that U.S. non-farm payrolls rose more-than-expected to a seasonally adjusted 151.00K last month, from -41.00K in the preceding month whose figure was revised up … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 05 Nov 2010 06:56 AM PDT Although everyone is ebullient about the market’s success in making a new 52-week high, I’m adopting an unusual and somewhat uncomfortable stance. I’m going to assume the role of “contrarian” and throw out some caution.
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