Thursday, November 4, 2010

DailyMarkets.com - Stock Picks For Friday: Bank Of America, Plug Power, Vishay Intertechnology, ION Geophysical

DailyMarkets.com - Stock Picks For Friday: Bank Of America, Plug Power, Vishay Intertechnology, ION Geophysical


Stock Picks For Friday: Bank Of America, Plug Power, Vishay Intertechnology, ION Geophysical

Posted: 04 Nov 2010 06:04 PM PDT

( click to enlarge )
I hope everyone has looked Plug Power Inc. (NASDAQ:PLUG), because the stock has been on a slight upward climb and the last three trading sessions have displayed the upside potential. As I mentioned earlier, the stock has started to see some activity after a long period of hibernation. Today, the stock opened at $.51 then moved to a high of $.57 and closed at $.545. I believe that PLUG could have even more volume during tomorrow’s market. If I'm correct than today’s … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/JPY Up During The Asian Session

Posted: 04 Nov 2010 06:00 PM PDT

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

EUR/JPY was trading at 114.97, up 0.23% at time of writing.

The pair was likely to find support at 111.79, Monday's low, and resistance at 115.42, Thursday's high.

Meanwhile, the Euro was down against the U.S. Dollar and the British Pound, with EUR/USD shedding 0.04% to hit 1.4200 and EUR/GBP falling 0.01% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


What Does Your Stock Investing Checklist Look Like?

Posted: 04 Nov 2010 05:01 PM PDT

I recently came across an article in The New Yorker magazine called The Checklist written by Atul Gawande a multi talented surgeon who is also the author of a interesting book I am reading called Complications: A Surgeon’s Notes on an Imperfect Science. The article is quite long but it boils down to that, in spite of strong evidence to the contrary, highly trained people think it’s below them to use check-lists as they know what to do and working through a check-list is an insult to … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – USD/JPY Up During The Asian Session

Posted: 04 Nov 2010 05:00 PM PDT

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

USD/JPY was trading at 80.79, up 0.06% at time of writing.

The pair was likely to find support at 80.25, Monday's low, and resistance at 81.57, Wednesday's high.

Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.16% to hit 1.4228 and GBP/USD rising 0.05% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


The Day Ahead: US Employment Report

Posted: 04 Nov 2010 03:30 PM PDT

11/05/10 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


4 ETFs To Play Ethanol

Posted: 04 Nov 2010 03:17 PM PDT

As governments continue to place an emphasis on renewable energy, many suggest that the future prospects for corn and sugar cane-based ethanol is promising giving support to the Teucrium CORN (CORN), PowerShares Global Agriculture (NASDAQ:PAGG), Market Vectors Agribusiness (MOO), and ELEMENTS MLCX Biofuels ETN (FUE).
In Brazil, the main source of fuel in automobiles is already ethanol as most of the nation's vehicles used for transportation can either run solely on ethanol or utilize a … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Emerging Markets Bull Rally To 29-Month High

Posted: 04 Nov 2010 03:11 PM PDT

 The MSCI Emerging Markets Index reached a 29-month high today of 1151.08, the highest level since early June … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Wider Loss At InterMune

Posted: 04 Nov 2010 03:05 PM PDT

InterMune Inc. (NASDAQ:ITMN) posted third-quarter loss per share of 44 cents, wider than the year-ago loss per share of 19 cents, but narrower than the Zacks Consensus Estimate of a loss per share of 50 cents. Decreased revenues resulted in the earnings shortfall.
Quarterly Details
Third quarter total revenue of $5.7 million was slightly below the Zacks Consensus Estimate of $6 million. However, revenues plummeted 378.9% from the year-ago quarter revenue of $27.3 million. The sharp decline was … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Southern Union Below Estimates

Posted: 04 Nov 2010 03:05 PM PDT

Southern Union Company (NYSE:SUG) reported third-quarter 2010 adjusted earnings of 40 cents per share, falling behind the Zacks Consensus Estimate of 44 cents by 4 cents. Results were however ahead of adjusted earnings of 34 cents per share in third-quarter 2009. On a reported basis, Southern Union reported EPS of 29 cents compared with 36 cents in the prior year quarter. 
Operating Statistics
Revenue of Southern Union in the quarter totaled $487.5 million, up 11.2% from $438.5 million in the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Earnings Preview: Gerdau S.A.

Posted: 04 Nov 2010 03:05 PM PDT

Gerdau S.A. (NYSE:GGB) is slated to release its third quarter 2010 results on Friday, November 5. The current Zacks Consensus Estimate for the third quarter is 28 cents, representing an annualized growth of 21.74%.
Considering the earnings surprise, Lamar Advertising has outperformed the Zacks Consensus Estimate in all the preceding four quarters. The average surprise stands at 41.88%, reflecting the magnitude of out performance in the trailing four quarters.
Second Quarter Highlights
Gerdau's … [visit site to read more] or compare Best Credit Cards and Best CD Rates


GE Wins Oil & Gas Order

Posted: 04 Nov 2010 03:05 PM PDT

General Electric Company’s (NYSE:GE) Oil and Gas business division has won a couple of contracts from Daewoo Shipbuilding & Marine Engineering Co., Ltd of South Korea. The total value of the contracts is $120 million.
GE will supply a blowout preventer (BOP) stack and control system. It will be commissioned on a drill ship for oil and gas exploration activities offshore Brazil. A blowout preventer is a large, specialized valve used to seal, control and monitor oil and gas wells. Blowout … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Closing Bell Market Monitor: AXP, TWC, GPS

Posted: 04 Nov 2010 02:52 PM PDT

11/04/10 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


Spectra Misses By A Penny

Posted: 04 Nov 2010 02:36 PM PDT

Premier natural gas company Spectra Energy Corp. (SE) reported a minor disappointment in fiscal third-quarter 2010 results owing to higher operating expenses. Earnings per share (excluding special items) were 31 cents in the reported quarter, just missing the Zacks Consensus Estimate by a penny, and slightly ahead of the year-earlier profit of 30 cents per share.
The year-over-year result benefited from Spectra's fee-based businesses, improved commodity prices at its Field Services business, … [visit site to read more] or compare Best Credit Cards and Best CD Rates


WPI’s EPS In Line, Sales Beat

Posted: 04 Nov 2010 02:05 PM PDT

Watson Pharmaceuticals Inc’s  (NYSE:WPI) third quarter earnings (excluding special items) of $0.85 per share are in line with the Zacks Consensus Estimate but $0.07 above the year-ago earnings. Earnings, however, drooped 61% to $0.21 per share on a reported basis (including special items) because of legal charges.
Revenues increased 33.3% to $882.4 million, mainly due to the strong performance of the generics business. Third quarter revenues surpassed the Zacks Consensus Estimate of $876 … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Brightpoint Outperforms

Posted: 04 Nov 2010 02:05 PM PDT

Brightpoint Inc. (NASDAQ:CELL) declared solid financial results for the third quarter of 2010. Quarterly total revenue was $889.0 million, an improvement of 3% year over year and 13% sequentially. This was also significantly above the Zacks Consensus Estimate of $858 million.
In the third quarter of 2010, the company manages 24.907 wireless devise, up 14.3% year over year and 11.7% sequentially. The year-over-year increase was driven by an increase in logistic services units.
Quarterly GAAP net … [visit site to read more] or compare Best Credit Cards and Best CD Rates


J2 Global Posts Mixed Results In 3Q

Posted: 04 Nov 2010 02:05 PM PDT

Yesterday, after market close, j2 Global Communications Inc. (JCOM) reported mixed financial results for the third quarter of 2010. Net income was $19.8 million or 43 cents per share compared with $19.3 million or 43 cents per share in the year-ago quarter. Third quarter EPS of 43 cents was above the Zacks Consensus Estimate of 41 cents.
In the reported quarter, j2 Global organically added 76,000 DIDs (Dial In Demand), the largest quarterly growth since the fourth quarter of 2000. Importantly, … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Not The Intended Effect

Posted: 04 Nov 2010 02:05 PM PDT

In his op-ed in today’s Washington Post, Federal Reserve Chairman Ben Bernanke maintains that the latest round of quantitative easing, which involves central bank purchases of securities using money created out of thin air, will work its magic by lifting stock prices and cutting borrowing costs.
Lower corporate bond rates will encourage investment. And higher stock prices will boost consumer wealth and help increase confidence, which can also spur spending. Increased spending will … [visit site to read more] or compare Best Credit Cards and Best CD Rates


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

Posted: 04 Nov 2010 01:55 PM PDT

Forex Pros – The Euro was higher against the U.S. Dollar on Thursday after the release of U.S. data on Initial Jobless Claims.

EUR/USD was trading at 1.4206, up 0.46% at time of writing.

The pair was likely to find support at 1.3864, Monday's low, and resistance at 1.4282, today's high.

Earlier in the day, official data showed that U.S. Initial Jobless Claims rose more-than-expected to a seasonally adjusted 457.00K last week from 437.00K in the preceding week whose figure was revised up … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Coming Soon To A Pharmacy Near You: The “Retailization” Of The Nation’s Health Care System

Posted: 04 Nov 2010 01:41 PM PDT

“Walgreens chief executive officer Greg Wasson this morning said the drugstore chain will step up investments in services to help Americans manage chronic diseases, saying the company wants to capitalize on what he called the "retailization" of the nation's health care system.

The Deerfield, IL.-based pharmacy giant, meeting with Wall Street analysts and investors, said it wants to continue to expand its network of medical care providers and the services they provide. Walgreens … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – GBP/USD Up Toward The End Of U.S. Session

Posted: 04 Nov 2010 01:40 PM PDT

Forex Pros – The British Pound was higher against the U.S. Dollar on Thursday after the release of U.S. data on Initial Jobless Claims.

GBP/USD was trading at 1.6266, up 1.15% at time of writing.

The pair was likely to find support at 1.5963, Tuesday's low, and resistance at 1.6299, today's high.

Earlier in the day, official data showed that U.S. Initial Jobless Claims rose more-than-expected to a seasonally adjusted 457.00K last week from 437.00K in the preceding week whose figure was … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Mixed Results For PG&E

Posted: 04 Nov 2010 01:32 PM PDT

PG&E Corporation's (NYSE:PCG) earnings per share of $1.02 in the third quarter of fiscal 2010 comfortably beat the Zacks Consensus Estimate of 95 cents. It also exceeded the year-ago EPS of 93 cents.
The year-over-year improvement of 9 cents was due to the increase in rate base revenue (7 cents), disability expense (2 cents) and miscellaneous items (3 cents). This was partially offset by severance cost (1 cent) and the dilutive effect of higher shares outstanding (2 cents).
On a reported … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Windstream Meets EPS, Beats Revenue

Posted: 04 Nov 2010 01:32 PM PDT

Windstream Corporation (NYSE:WIN), a fixed-line voice and DSL Internet service provider, reported third quarter adjusted earnings per share (EPS) of 20 cents which was in line with the Zacks Consensus Estimate. Adjusted earnings rose 11% from 18 cents in the year-ago quarter on improving revenue trends in both business and consumer channels.
Adjusted EPS excludes $7 million (2 cents) in merger and integration costs. Net income, including merger and integration costs, increased 7% year over year to … [visit site to read more] or compare Best Credit Cards and Best CD Rates


AES Corp. Sinks Below Estimates

Posted: 04 Nov 2010 01:32 PM PDT

AES Corporation's (NYSE:AES) adjusted EPS of 20 cents in the third quarter of 2010 was below the Zacks Consensus EPS estimate of 25 cents. Adjusted EPS for the quarter also fell short of the year-ago EPS of 24 cents due to higher share count, unfavorable commodity prices and a higher effective tax rate.
On a GAAP basis the company reported an EPS of 5 cents compared with 26 cents in the year-ago quarter. The 21-cent variance between adjusted and GAAP EPS came from impairments that contributed … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Fresenius Misses By A Whisker

Posted: 04 Nov 2010 01:32 PM PDT

Fresenius Medical Care (NYSE:FMS), a leading provider of dialysis products and services, reported third-quarter earnings per ADS of 82 cents, missing the Zacks Consensus Estimate of 83 cents while exceeding the year-ago earnings of 76 cents. Net income (attributable to the company) climbed 10% year over year to $248 million riding on higher sales.
Revenues
Net revenues lifted 6% year over year to $3,058 million, but narrowly missed the Zacks Consensus Estimate of $3,069 million. Organic revenue … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – NZD/USD Up Toward The End Of U.S. Session

Posted: 04 Nov 2010 01:25 PM PDT

Forex Pros – The New Zealand Dollar was higher against the U.S. Dollar on Thursday after the release of U.S. data on Initial Jobless Claims.

NZD/USD was trading at 0.7960, up 2.07% at time of writing.

The pair was likely to find support at 0.7634, Monday's low, and resistance at 0.7976, today's high.

Earlier in the day, official data showed that U.S. Initial Jobless Claims rose more-than-expected to a seasonally adjusted 457.00K last week from 437.00K in the preceding week whose figure … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – USD/CAD Down Toward The End Of U.S. Session

Posted: 04 Nov 2010 01:15 PM PDT

Forex Pros – The U.S. Dollar was lower against the Canadian Dollar on Thursday after the release of Canadian data on Ivey PMI.

USD/CAD was trading at 1.0027, down 0.25% at time of writing.

The pair was likely to find support at 1.0010, today's low, and resistance at 1.0203, Monday's high.

Earlier in the day, data showed that Canada's Ivey Purchasing Manager's Index fell more-than-expected to 56.70 last month from 70.30 in the preceding month.

Analysts had expected Ivey PMI to fall … [visit site to read more] or compare Best Credit Cards and Best CD Rates


PartnerRe Beats Est., Dips YoY

Posted: 04 Nov 2010 01:12 PM PDT

PartnerRe Ltd.'s (NYSE:PRE) third quarter operating earnings per share of $3.69 came in substantially higher than the Zacks Consensus Estimate of $2.96 cents per share. However, this was way behind the earnings of $4.77 per share in the year-ago quarter.
Operating earnings were calculated after payment of preferred dividends. This excluded after-tax net realized and unrealized investment gains. Including these items, GAAP net income for PartnerRe was $524.9 million or $6.76 per share, compared … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Denny’s Tops And Reaffirms

Posted: 04 Nov 2010 01:12 PM PDT

Denny's Corporation (NASDAQ:DENN), America's largest full-service family restaurant chain, reported third-quarter 2010 earnings of 10 cents per share surpassing the Zacks Consensus Estimate of 8 cents and were in line with the prior-year quarter.

Total revenue declined 4.2% year over year to $139.9 million, but outperformed the Zacks Consensus Estimate of $135.0 million. Sales at company-operated restaurants plunged 8.1% from the year-earlier quarter to $107.2 million mainly due to the sale of … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Catalyst Health Exceeds Estimates

Posted: 04 Nov 2010 01:12 PM PDT

Catalyst Health Solutions Inc. (CHSI) reported third-quarter 2010 adjusted earnings of 51 cents per share, surpassing the Zacks Consensus Estimate of 47 cents. The results also compare favorably with earnings of 41 cents in the prior-year quarter.
Adjusted earnings in the reported quarter exclude the adjustment for amortization of FutureScripts related intangible assets and all other acquisition-related intangible assets. Including amortization adjustments, net income reported by Catalyst … [visit site to read more] or compare Best Credit Cards and Best CD Rates


U.S. Markets Close Higher; Dow Jones Up 1.96%

Posted: 04 Nov 2010 01:10 PM PDT

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 1.96%, the S&P 500 index gained 1.93%, while the Nasdaq 100 index climbed 1.36%.

Earlier in the day, official data showed that U.S. Initial Jobless Claims rose more-than-expected to a seasonally adjusted 457.00K last week from 437.00K in the preceding week whose figure was revised up from 434.00K.

Analysts had expected Initial Jobless Claims to rise to … [visit site to read more] or compare Best Credit Cards and Best CD Rates


IFF 3Q Encouraging, Beats Estimate

Posted: 04 Nov 2010 12:35 PM PDT

International Flavors & Fragrances Inc. (NYSE:IFF) reported encouraging results for the third quarter of 2010. Adjusted net income soared 21.0% year over year to $79.1 million, or 98 cents per share compared with $65.4 million or 82 cents per share in the third quarter of 2009. Earnings per share (EPS) surpassed the Zacks Consensus Estimate of 86 cents.
Adjusted results for the third quarter 2010 excluded roughly 3 cents per share charge related to the company's ongoing restructuring … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Avis Budget Tops Estimate

Posted: 04 Nov 2010 12:35 PM PDT

Avis Budget Group, Inc. (CAR) posted third quarter net income of $90 million, compared with a net income of $57 million in the year-ago period. Excluding extraordinary items, quarterly income came in at $97 million or 78 cents a share. Earnings per share for the quarter were better than the Zacks Consensus Estimate of 74 cents and also beat the prior-year quarter earnings of 65 cents a share.  
The company reported a 3.0% jump in net revenues to $1,512 million from $1,465 million in … [visit site to read more] or compare Best Credit Cards and Best CD Rates


American Medical Beats By A Penny

Posted: 04 Nov 2010 12:35 PM PDT

Leading pelvic-health devices provider American Medical Systems (NASDAQ:AMMD) reported third-quarter fiscal 2010 adjusted (excluding special gains and amortization charges) earnings per share of 29 cents, beating the Zacks Consensus Estimate by a penny while surpassing the year-ago earnings of 27 cents. The results matched the higher-end of the company's guidance range of 26 to 29 cents.
However, net income slid 35% year over year to $18.6 million (or 24 cents a share). The year-ago profit was … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Amdocs Beats But Outlook Disappoints

Posted: 04 Nov 2010 12:05 PM PDT

Yesterday, after market close, Amdocs Limited (NYSE:DOX) declared financial results for the fourth quarter of fiscal 2010 that beat our expectations. However, Amdocs announced that its first quarter of fiscal 2011 profitability will suffer due to higher expenses for productivity improvement, emerging market sales opportunity, and suspension of program implementation at Clearwire Corp. (NASDAQ:CLWR). As a result, in the after market trade on NYSE, stock price of Amdocs was down $1.5 (5%) to … [visit site to read more] or compare Best Credit Cards and Best CD Rates


MGM Loss Better Than Expected

Posted: 04 Nov 2010 12:05 PM PDT

MGM Resorts International (NYSE:MGM) reported its third-quarter 2010 adjusted loss of 21 cents per share versus the Zacks Consensus Estimate of 23 cents loss per share and the year-earlier income of 2 cents.
On a GAAP basis, net loss per share was 72 cents compared with a loss of $1.70 in the comparable quarter last year. The loss included pre-tax impairment charges of $357 million or 51 cents per share associated with the CityCenter, and its residential real-estate inventory as well as the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Transocean Still Battling GoM Spill

Posted: 04 Nov 2010 12:05 PM PDT

Transocean, Inc. (RIG) – the world's largest offshore driller – reported weak third quarter 2010 results, hurt by decline in utilization rates and average daily revenue resulting from curbs on U.S. offshore drilling.  
Earnings per share, excluding expenses associated with the Macondo well incident and debt retirement costs, came in at $1.36, 3 cents below the Zacks Consensus Estimate. In the year-ago period, the company earned $2.65 (on an adjusted basis).
Switzerland-based … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Another Session Of Declines For The Dollar

Posted: 04 Nov 2010 11:58 AM PDT

11/04/10 The US dollar continued to decline this session following strong global economic data and a rise in initial jobless … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Weekly Rail Traffic Continues To Improve

Posted: 04 Nov 2010 11:56 AM PDT

WASHINGTON, D.C. – “The Association of American Railroads (AAR) today reported that weekly rail traffic continues to gain over 2009 levels with U.S. railroads originating 292,884 carloads for the week ending Oct. 30, 2010, up 6.3 percent compared with the same week last year. AAR will no longer report 2010 weekly rail traffic with 2008 weekly comparison data since October 2008 marked the beginning of the recession-related downturn in rail traffic.

Intermodal traffic for the week totaled … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Great Interview With Alice Schroeder Via Simoleon Sense

Posted: 04 Nov 2010 09:07 AM PDT

Alice Schroeder

My friend Miguel of http://www.simoleonsense.com/ conducted a great indepth interview with Alice Schroder the author of The Snowball: Warren Buffett and the Business of Life.
Miguel stated:
I know what you're thinking, "Miguel I've read every book about Warren Buffett, I've been to the shareholder meetings, and I know more facts about Warren Buffett than Google." My reply: more information does not equal more understanding. I am convinced that Alice has a … [visit site to read more] or compare Best Credit Cards and Best CD Rates


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