DailyMarkets.com - Stock Picks For Thursday: AIG, Motorola, Canadian Solar, Eastman Kodak |
- Stock Picks For Thursday: AIG, Motorola, Canadian Solar, Eastman Kodak
- Crude Oil Inventory Watch: Petroleum Surplus Hits Lowest Level Since August On Drop In Imports
- Kimco Beats By A Penny
- Whole Foods Surpasses Estimates
- Wikio: Top 20 Business Blogs In October
- GM Partners With SAIC To Design New Vehicles For Global Markets
- Syniverse Beats Zacks Consensus
- Dell Advances In Cloud Computing
- The Day Ahead: ECB, BoE Rate Decision, US Jobless Claims
- CNO Financial Beats Zacks Target
- Fed Launches The $600 Billion QE2
- Fed Launches The $600 Billion QE2
- Fed Launches The $600 Billion QE2
- Solid 3Q For SM Energy
- Robust Growth For Titanium Metals
- Earnings Preview: Time Warner Cable Inc.
- Pitney Bowes Meets Estimates
- Quanta Services Misses Estimate
- Earnings Preview: Becton Dickinson
- Closing Bell Market Monitor: PHM, LYG, AET
- Loss At REGN Wider Than Expected
- Earnings Scorecard: Starwood Hotels
- American Superconductor Misses
- A Growing Gulf
- Forex – EUR/USD Up At The End Of U.S. Session
- Forex – AUD/USD Up At The End Of U.S. Session
- Analyst Interviews: Auto Industry Outlook And Review
- AMAG Narrows Loss, Cuts Jobs
- Unum Group Reports In Line
- Forex – GBP/USD Up Toward The End Of U.S. Session
- 11/03 FX Options Report
- Excel Maritime Meets Zacks Estimate
- Strong Revenues Drive El Paso
- Earnings Preview: Lamar Advertising
- U.S. Markets Close Higher; Dow Jones Up 0.24%
- Monetary Policy Easing Is Nothing To Fear
- Forex – USD/JPY Up On U.S. Data
- ONEOK Partners’ Profits Beat
- XL Group Beats, Approves Buyback
- Ruth’s Loss Narrows
- Forex – GBP/USD Up On U.S. Data
- Forex – EUR/USD Up On U.S. Data
- Harman Reports Strong 1Q
- Devon Energy Surpasses Estimates
- “US Data Won’t Have Positive Effect…no Surprise To Plus Side, Downside Isn’t Going To Be Scary”
- Forex Trading: EURUSD Looks To 1.4113 Resistance. Support 1.4057
- GBP/JPY Approaches Key Resistance Confluence
- Forex – USD/JPY Up On Economic Data
- Donnelley Reports Modest 3Q
- Qwest Beats On Better Revenue Trend
- Forex – EUR/USD Up On U.S. Data
- Higher-yielding Currencies Rally On Data, Fed Speculation
- PulteGroup’s Loss Narrows
- ISM: Services Better Than Expected
- ANADIGICS Beats, Outlook Weak
- Clorox Falls On Lower Volumes
- American Axle: 20% Upside For This Auto Supplier Stock?
- Forex – USD/CHF Down On Economic Data
- Looking For More Than Just Free Candy
- European Markets Close Lower; Dax Down 0.55%
- Iceland Central Bank Cuts Interest Rates By 75bps
- EA Beats, Reaffirms Guidance
- Cabela’s Beats Estimate
- Comstock’s Quarterly Loss Continues
- “QE1 Didn’t Work, And QE2 Probably Won’t Work As Well”
- Extend The Bush Tax Cut To The Bottom 99 Percent, But Not The Top 1 Percent
- Trading Stocks 24x7x24
| Stock Picks For Thursday: AIG, Motorola, Canadian Solar, Eastman Kodak Posted: 03 Nov 2010 06:05 PM PDT ( click to enlarge ) ( click to enlarge )
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| Crude Oil Inventory Watch: Petroleum Surplus Hits Lowest Level Since August On Drop In Imports Posted: 03 Nov 2010 04:43 PM PDT Inventories The total petroleum surplus to the 5-year average fell sharply and now stands at 91.3 million barrels, or 8.8%, versus 9.4% last week. The surplus is now at the lowest … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 03 Nov 2010 04:35 PM PDT Kimco Realty Corporation(NYSE:KIM) reported third quarter 2010 funds from operations of 27 cents per share and passed the Zacks Consensus estimates by only a penny. The funds from operations per share increased 3.8% sequentially, but declined 10% compared to same quarter last year.
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| Whole Foods Surpasses Estimates Posted: 03 Nov 2010 04:05 PM PDT Whole Foods Market, Inc. (NASDAQ:WFMI) reported its fourth quarter 2010 earnings of 33 cents per share surpassing Zacks Consensus Estimates of 28 cents per share. The earnings also jumped 13 cents from the prior-year quarter of 20 cents per share.
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| Wikio: Top 20 Business Blogs In October Posted: 03 Nov 2010 04:02 PM PDT 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19.
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| GM Partners With SAIC To Design New Vehicles For Global Markets Posted: 03 Nov 2010 04:00 PM PDT 11/03/10 General Motors announced a memorandum of understanding with its Chinese partner SAIC Motor Corp. to design new vehicles for global … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Syniverse Beats Zacks Consensus Posted: 03 Nov 2010 03:35 PM PDT Syniverse Holdings Inc. (NYSE:SVR) reported third quarter 2010 adjusted earnings per share of 53 cents, which was above the Zacks Consensus Estimate of 47 cents.
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| Dell Advances In Cloud Computing Posted: 03 Nov 2010 03:35 PM PDT Round Rock, Texas-based PC maker Dell Inc. (NASDAQ:DELL) announced its intention to acquire Software-as-a-Service integration technology provider, Boomi. Financial details of the transaction were not disclosed.
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| The Day Ahead: ECB, BoE Rate Decision, US Jobless Claims Posted: 03 Nov 2010 10:30 AM PDT 11/04/10 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
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| CNO Financial Beats Zacks Target Posted: 03 Nov 2010 03:05 PM PDT CNO Financial Group, Inc. (NYSE:CNO) reported its third-quarter income from continuing operations of $47.1 million or 16 cents per share, well ahead of the Zacks Consensus Estimate of 15 cents. This, however, compares unfavorably with income of $54.3 million or 29 cents in the year-ago quarter. The improved showing was the result of strong top-line growth in all the business segments.
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| Fed Launches The $600 Billion QE2 Posted: 03 Nov 2010 03:05 PM PDT As was widely (universally?) expected, the Fed kept the fed funds rate at a range of between 0% and 0.25%, where it has been since the height of the financial meltdown in 2008. Also, the "likely to warrant exceptionally low levels for the federal funds rate for an extended period" language was retained. However, the big question that the market has been focused on is if we would get a second round of quantitative easing (a.k.a. QE2) and if so, how big the ship would be. The answer turns … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Fed Launches The $600 Billion QE2 Posted: 03 Nov 2010 03:05 PM PDT As was widely (universally?) expected, the Fed kept the fed funds rate at a range of between 0% and 0.25%, where it has been since the height of the financial meltdown in 2008. Also, the "likely to warrant exceptionally low levels for the federal funds rate for an extended period" language was retained. However, the big question that the market has been focused on is if we would get a second round of quantitative easing (a.k.a. QE2) and if so, how big the ship would be. The answer turns … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Fed Launches The $600 Billion QE2 Posted: 03 Nov 2010 03:05 PM PDT As was widely (universally?) expected, the Fed kept the fed funds rate at a range of between 0% and 0.25%, where it has been since the height of the financial meltdown in 2008. Also, the "likely to warrant exceptionally low levels for the federal funds rate for an extended period" language was retained. However, the big question that the market has been focused on is if we would get a second round of quantitative easing (a.k.a. QE2) and if so, how big the ship would be. The answer turns … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 03 Nov 2010 03:05 PM PDT SM Energy Company's (NYSE:SM) third-quarter 2010 adjusted earnings of 31 cents per share exceeded the Zacks Consensus Estimate of 17 cents as well as the year-earlier profit of 23 cents on higher production and prices.
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| Robust Growth For Titanium Metals Posted: 03 Nov 2010 03:05 PM PDT Titanium Metals Corporation (NYSE:TIE) reported net earnings of $21.5 million or 12 cents in the third quarter of 2010 surpassing the Zacks Consensus Estimate of 11 cents and increasing from the prior-year earnings of $1.1 million or 1 cent. The robust growth in earnings was the result of lower raw materials costs, principally titanium sponge and scrap, and higher utilization of the production capacity.
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| Earnings Preview: Time Warner Cable Inc. Posted: 03 Nov 2010 03:05 PM PDT Time Warner Cable Inc. (TWC) is slated to release its third quarter 2010 results on Thursday, November 4 before the market opens. The current Zacks Consensus Estimate for the third quarter is 89 cents, representing an annualized growth of 17.34%.
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| Posted: 03 Nov 2010 02:35 PM PDT Pitney Bowes Inc. (NYSE:PBI) reported earnings per share from continuing operations of 53 cents in the third quarter of 2010, just exceeding the Zacks Consensus Estimate of 52 cents. Revenues for the quarter came in at $1.3 billion, a decline of 1% year over year including currency effects. U.S. mailing revenues declined by 6% compared with the prior year. Non-U.S. revenue increased by 1%, and was somewhat impacted by currency in the quarter.
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| Quanta Services Misses Estimate Posted: 03 Nov 2010 02:35 PM PDT Quanta Services Inc. (NYSE:PWR) reported 2010 third quarter earnings from continuing operations of 26 cents per share, below the Zacks Consensus Estimate. Revenues for the quarter came in at $1.21 billion, above the Zacks Consensus revenue estimate of $1.14 billion. Quanta completed the acquisition of Price Gregory Services Inc. on Oct 1, 2009. Therefore, these reported results of operations include the results of Price Gregory. During the third quarter, the company had a benefit of … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Earnings Preview: Becton Dickinson Posted: 03 Nov 2010 02:35 PM PDT Becton Dickinson (NYSE:BDX) is slated to report fourth-quarter and fiscal 2010 (ending September 30) results on Thursday, November 4, ahead of the opening bell.
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| Closing Bell Market Monitor: PHM, LYG, AET Posted: 03 Nov 2010 02:06 PM PDT 11/03/10 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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| Loss At REGN Wider Than Expected Posted: 03 Nov 2010 02:05 PM PDT Regeneron Pharmaceuticals Inc.’s (NASDAQ:REGN) third quarter 2010 net loss of 41 cents per share was wider than the Zacks Consensus Estimate of a net loss of 34 cents. The company suffered a loss of 1 cent per share in the year-ago quarter. The wider loss was attributable to lower revenues and higher expenses incurred in the reported quarter.
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| Earnings Scorecard: Starwood Hotels Posted: 03 Nov 2010 02:05 PM PDT On October 28, Starwood Hotels & Resorts Worldwide Inc. (NYSE:HOT) reported its third quarter fiscal 2010 earnings of 25 cents per share, ahead of the Zacks Consensus Estimate of 22 cents and the year-earlier quarter's earnings of 14 cents per share. 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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| American Superconductor Misses Posted: 03 Nov 2010 02:05 PM PDT American Superconductor (NASDAQ:AMSC) announced its second-quarter fiscal 2010 ending September 30, 2010. Operating earnings of 22 cents per share fell short of the Zacks Consensus Estimate by one cent. However, earnings in the reported quarter comfortably beat the year-ago earnings of 11 cents per share.
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| Posted: 03 Nov 2010 02:02 PM PDT This morning, ADP Employer Services released its National Employment report for October. While much of the focus was on what the data might be telling us about tomorrow’s employment report from the Labor Department, the more interesting issue (for me, at least) is the growing divergence between the numbers being compiled by the private payroll services provider and those being reported by the U.S. government. As I see it, that gap stems from one of two things: either ADP is not doing as good … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – EUR/USD Up At The End Of U.S. Session Posted: 03 Nov 2010 01:55 PM PDT Forex Pros – The Euro was higher against the U.S. Dollar on Wednesday. EUR/USD was trading at 1.4139, up 0.75% at time of writing. The pair was likely to find support at 1.3807, Friday's low, and resistance at 1.4182, today's high. Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.49% to hit 0.8791 and EUR/JPY rising 1.33% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – AUD/USD Up At The End Of U.S. Session Posted: 03 Nov 2010 01:45 PM PDT Forex Pros – The Australian Dollar was higher against the U.S. Dollar on Wednesday. AUD/USD was trading at 1.0056, up 0.62% at time of writing. The pair was likely to find support at 0.9680, Friday's low, and resistance at 1.0060, today's high. Meanwhile, the Australian Dollar was down against the Euro and up against the Japanese Yen, with EUR/AUD gaining 0.09% to hit 1.4055 and AUD/JPY rising 1.26% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Analyst Interviews: Auto Industry Outlook And Review Posted: 03 Nov 2010 01:37 PM PDT The auto industry is a highly concentrated one. About 10 global automakers account for over 77% of the production worldwide. In the first nine months of 2010, General Motors (MTLQQ) led with a 19% market share in the U.S., followed by Ford Motor Co. (NYSE:F) with a 16.7% market share, Toyota Motors Corp. (NYSE:TM) with a 15.2% market share, Honda Motor Co. (NYSE:HMC) with a 10.6% market share, Chrysler-Fiat with a 9.5% market share and Nissan Motor Co. (NASDAQ:NSANY) with a 7.8% market share. The recent … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 03 Nov 2010 01:37 PM PDT AMAG Pharmaceuticals, Inc. (NASDAQ:AMAG) posted a loss of 81 cents per share during the third quarter of fiscal 2010, lower than the Zacks Consensus Estimate of a loss of $1.09 and the year-ago loss of $1.29.
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| Posted: 03 Nov 2010 01:37 PM PDT Unum Group (NYSE:UNM) reported third-quarter operating income of 68 cents per share, in line with the Zacks Consensus Estimate. Results compare favorably with an operating income of 64 cents per share in the prior-year period. Operating income was $219.9 million in the quarter, up 3.9% from $211.6 million in third-quarter 2009.
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| Forex – GBP/USD Up Toward The End Of U.S. Session Posted: 03 Nov 2010 01:30 PM PDT Forex Pros – The British Pound was higher against the U.S. Dollar on Wednesday after the release of U.S. data on ADP Nonfarm Employment Change. GBP/USD was trading at 1.6100, up 0.37% at time of writing. The pair was likely to find support at 1.5878, Friday's low, and resistance at 1.6179, today's high. Earlier in the day, official data showed that non-farm employment change in the U.S. rose more-than-expected to a seasonally adjusted 43.00K last month, from -2.00K in the preceding month … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 03 Nov 2010 01:17 PM PDT The USD traded higher against the JPY, after the mid-term elections. The Republicans regained control of House, while the Democrats held onto the … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Excel Maritime Meets Zacks Estimate Posted: 03 Nov 2010 01:10 PM PDT Excel Maritime Carriers Ltd. (NYSE:EXM), a global dry bulk carrier, declared third quarter of 2010 financial results. Quarterly adjusted (excluding one-time special gains) EPS was 11 cents per share, exactly in line with the Zacks Consensus Estimate.
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| Posted: 03 Nov 2010 01:10 PM PDT El Paso Corporation (NYSE:EP) reported third quarter 2010 operating earnings of 22 cents per share, which beat the Zacks Consensus Estimate by a penny, on account of higher pipeline earnings and robust E&P volumes. However, earnings dipped from the year-ago earnings of 23 cents per share, due to lower realized natural gas prices (after hedges) in the quarter.
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| Earnings Preview: Lamar Advertising Posted: 03 Nov 2010 01:10 PM PDT Lamar Advertising Company (NASDAQ:LAMR) is slated to release its third quarter 2010 results on Thursday, November 4. The current Zacks Consensus Estimate for the third quarter projects a break-even earnings level, representing an annualized growth of 109.23%.
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| U.S. Markets Close Higher; Dow Jones Up 0.24% Posted: 03 Nov 2010 01:10 PM PDT Forex Pros – U.S. stocks were up after the closing bell on Wednesday. At the close of U.S. trade, the Dow Jones Industrial Average rose 0.24%, the S&P 500 index gained 0.37%, while the Nasdaq 100 index climbed 0.31%. Earlier in the day, official data showed that non-farm employment change in the U.S. rose more-than-expected to a seasonally adjusted 43.00K last month, from -2.00K in the preceding month whose figure was revised up from -39.00K. 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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| Monetary Policy Easing Is Nothing To Fear Posted: 03 Nov 2010 01:06 PM PDT Labels Matter
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| Forex – USD/JPY Up On U.S. Data Posted: 03 Nov 2010 12:55 PM PDT Forex Pros – The U.S. Dollar was higher against the Japanese Yen on Wednesday after the release of U.S. data on ADP Nonfarm Employment Change. USD/JPY was trading at 81.16, up 0.67% at time of writing. The pair was likely to find support at 80.25, Monday's low, and resistance at 81.57, today's high. Earlier in the day, official data showed that non-farm employment change in the U.S. rose more-than-expected to a seasonally adjusted 43.00K last month, from -2.00K in the preceding month … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 03 Nov 2010 12:35 PM PDT Master limited partner, ONEOK Partners L.P. (NYSE:OKS) announced earnings of $1.09 per unit in the third quarter of 2010, beating the Zacks Consensus Estimate of 95 cents. Earnings in the quarter also outdid $1.00 reported in the third quarter of 2009.
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| XL Group Beats, Approves Buyback Posted: 03 Nov 2010 12:35 PM PDT XL Group (NYSE:XL) reported third-quarter 2010 operating income of 52 cents per share, beating the Zacks Consensus Estimate of 60 cents by 8 cents. Results were, however, much below third-quarter 2009 operating earnings of 85 cents. Operating income was $175.0 million, down 40.2% from $292.6 million in the prior-year quarter.
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| Posted: 03 Nov 2010 12:35 PM PDT Ruth's Hospitality Group Inc. (NASDAQ:RUTH), a leading upscale dining operator, recently reported third quarter 2010 results. The company reported a loss of 1 cent per share compared with a loss of 4 cents delivered in the prior-year quarter. The company reported in line with the Zacks Consensus Estimate. The results were driven by top-line growth and cost control initiates.
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| Forex – GBP/USD Up On U.S. Data Posted: 03 Nov 2010 12:35 PM PDT Forex Pros – The British Pound was higher against the U.S. Dollar on Wednesday after the release of U.S. data on ADP Nonfarm Employment Change. GBP/USD was trading at 1.6083, up 0.27% at time of writing. The pair was likely to find support at 1.5878, Friday's low, and resistance at 1.6179, today's high. Earlier in the day, official data showed that non-farm employment change in the U.S. rose more-than-expected to a seasonally adjusted 43.00K last month, from -2.00K in the preceding month … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – EUR/USD Up On U.S. Data Posted: 03 Nov 2010 12:20 PM PDT Forex Pros – The Euro was higher against the U.S. Dollar on Wednesday after the release of U.S. data on ADP Nonfarm Employment Change. EUR/USD was trading at 1.4107, up 0.52% at time of writing. The pair was likely to find support at 1.3807, Friday's low, and resistance at 1.4182, today's high. Earlier in the day, official data showed that non-farm employment change in the U.S. rose more-than-expected to a seasonally adjusted 43.00K last month, from -2.00K in the preceding month whose … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 03 Nov 2010 12:05 PM PDT A developer of audio products and electronic systems, Harman International Industries Inc. (NYSE:HAR) announced first quarter 2011 results. Earnings on a non-GAAP basis were 35 cents, well above the Zacks Consensus Estimate of 27 cents.
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| Devon Energy Surpasses Estimates Posted: 03 Nov 2010 12:05 PM PDT Devon Energy Corporation (NYSE:DVN) for the third quarter of 2010 clocked adjusted EPS of $1.44, which was above the Zacks Consensus Estimate of $1.29 and year-ago quarterly EPS of $1.10. On a reported basis however the company reported an EPS of $4.79 versus $1.12 in the year-ago quarter. However reported quarter numbers include a one-time gain of $1.44 per share from its sale of assets in Azerbaijan.
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| “US Data Won’t Have Positive Effect…no Surprise To Plus Side, Downside Isn’t Going To Be Scary” Posted: 03 Nov 2010 12:00 PM PDT 11/03/10 Meridian Equity Partners’ Joseph Greco discusses the implications of the mid-term elections on the broader … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex Trading: EURUSD Looks To 1.4113 Resistance. Support 1.4057 Posted: 03 Nov 2010 11:53 AM PDT |
| GBP/JPY Approaches Key Resistance Confluence Posted: 03 Nov 2010 11:50 AM PDT Price action on GBP/JPY (a daily chart of which is shown) as of Wednesday (11/03/2010) has risen to approach a key resistance confluence. This confluence consists of the important 132.00 support/resistance level and the long-term downtrend resistance line (part of a parallel downtrend channel) extending from the August 2009 high. Currently, price action is still contained within this very important channel. In the event of a breakout above this resistance confluence, however, a key … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – USD/JPY Up On Economic Data Posted: 03 Nov 2010 11:50 AM PDT Forex Pros – The U.S. Dollar was higher against the Japanese Yen on Wednesday after the release of U.S. data on ADP Nonfarm Employment Change. USD/JPY was trading at 81.32, up 0.87% at time of writing. The pair was likely to find support at 80.25, Monday's low, and resistance at 81.57, today's high. Earlier in the day, official data showed that non-farm employment change in the U.S. rose more-than-expected to a seasonally adjusted 43.00K last month, from -2.00K in the preceding month … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 03 Nov 2010 11:35 AM PDT A leading provider of integrated communications and printing solutions, R.R. Donnelley & Sons Co. (NYSE:RRD) reported third quarter 2010 results. Earnings on a non-GAAP basis were 44 cents per share, beating the Zacks Consensus by a penny.
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| Qwest Beats On Better Revenue Trend Posted: 03 Nov 2010 11:35 AM PDT Qwest Communications (NYSE:Q), the third-largest U.S. local-phone serviceoperator, reported third quarter adjusted earnings per share of 11 cents, surpassing the Zacks Consensus Estimate as well as the year-ago earnings by 2 cents. Earnings shot up 22% year over year as revenue trends continued to improve.
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| Forex – EUR/USD Up On U.S. Data Posted: 03 Nov 2010 11:25 AM PDT Forex Pros – The Euro was higher against the U.S. Dollar on Wednesday after the release of U.S. data on ADP Nonfarm Employment Change. EUR/USD was trading at 1.4087, up 0.38% at time of writing. The pair was likely to find support at 1.3807, Friday's low, and resistance at 1.4182, today's high. Earlier in the day, official data showed that non-farm employment change in the U.S. rose more-than-expected to a seasonally adjusted 43.00K last month, from -2.00K in the preceding month whose … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Higher-yielding Currencies Rally On Data, Fed Speculation Posted: 03 Nov 2010 06:24 AM PDT 11/03/10 it was another session of gains for higher-yielding currencies following strong economic data and Fed monetary stimulus … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 03 Nov 2010 11:05 AM PDT PulteGroup Inc. (NYSE:PHM) reported a narrower loss of $9 million or 3 cents per share (excluding goodwill impairment, construction and other insurance reserves and land-related charges) in the third quarter of 2010 compared with $63 million or 20 cents per share (excluding merger and debt retirement costs and land-related charges) in the same quarter of prior year. The loss was also lower than the Zacks Consensus Estimate of 5 cents per share.
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| ISM: Services Better Than Expected Posted: 03 Nov 2010 11:05 AM PDT The Institute for Supply Management's (ISM) Non-Manufacturing, or Service, survey rose in October to 54.3 from 53.2 in September. Like its venerable brother, the Manufacturing survey, this is a "magic 50" index where any reading above 50 indicates that the economy is expanding and anything below 50 represents an economic contraction. Thus, this means that the service side of the economy, which is far larger than the manufacturing side, is not only growing, but the rate of growth … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 03 Nov 2010 11:05 AM PDT ANADIGICS, Inc. (NASDAQ:ANAD) reported net sales of $61.3 million in the third quarter of 2010, up 18.6% sequentially and 67% year over year. The results beat management's guidance of $57.5 million.
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| Posted: 03 Nov 2010 11:05 AM PDT The Clorox Co. (NYSE:CLX) posted a marginal decline in first-quarter fiscal 2011 earnings, slipping to 98 cents a share from 99 cents in the year-ago quarter and also lagged behind the Zacks Consensus Estimate of $1.13.
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| American Axle: 20% Upside For This Auto Supplier Stock? Posted: 03 Nov 2010 11:02 AM PDT You’ve probably heard the quote from the great entrepreneur Henry Ford who once commented, “People can have the model-T in any color, so long as it’s black”. The man’s unique ability to combine innovation with simplicity is symbolic of the great entrepreneurial spirit that helped America become the world’s leading superpower. Unfortunately, in modern America, the U.S. automobile industry has faltered and once great companies like Ford (NYSE:F) and General Motors have fallen from … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – USD/CHF Down On Economic Data Posted: 03 Nov 2010 11:00 AM PDT Forex Pros – The U.S. Dollar was lower against the Swiss Franc on Wednesday after the release of Swiss data on Retail Sales. USD/CHF was trading at 0.9770, down 0.24% at time of writing. The pair was likely to find support at 0.9758, Tuesday's low, and resistance at 0.9972, Monday's high. Earlier in the day, official data showed that Retail sales in Switzerland rose more-than-expected to a seasonally adjusted annual rate of 3.80% last month from 0.10% in the preceding month whose figure … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Looking For More Than Just Free Candy Posted: 03 Nov 2010 10:59 AM PDT … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| European Markets Close Lower; Dax Down 0.55% Posted: 03 Nov 2010 10:55 AM PDT Forex Pros – European stocks were down after the closing bell on Wednesday. At the close of European trade, Germany's DAX fell 0.55%, London's FTSE 100 shed 0.15%, France's CAC 40 declined 0.59% and the EURO STOXX 50 was down 1.07%. Earlier in the day, official data showed that non-farm employment change in the U.S. rose more-than-expected to a seasonally adjusted 43.00K last month, from -2.00K in the preceding month whose figure was revised up from -39.00K. Analysts had expected U.S. … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Iceland Central Bank Cuts Interest Rates By 75bps Posted: 03 Nov 2010 10:54 AM PDT The Central Bank of Iceland dropped all of its key interest rates by 75 basis points. The new rates will be: deposit rate (current account rate) 4.0%, the maximum bid rate for 28-day certificates of deposit (CDs) 5.25%, the seven-day collateralised lending rate 5.5%, and the overnight lending rate 7.0%. The bank noted the drop in inflation as a driver of the decision:
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| Posted: 03 Nov 2010 10:35 AM PDT Electronic Arts (ERTS) reported second quarter 2011 results and reaffirmed its fiscal 2011 guidance. Loss per share narrowed down to 2 cents as compared with a guidance of 10 cents to 15 cents, primarily driven by strict cost control and higher gross margins.
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| Posted: 03 Nov 2010 10:35 AM PDT Cabela's Inc. (NYSE:CAB), one of the leading specialty retailers of hunting, fishing, camping, and related outdoor merchandise, recently posted better-than-expected third-quarter 2010 results. The quarterly earnings of 31 cents a share beat the Zacks Consensus Estimate of 28 cents, and rose 10.7% from 28 cents delivered in the prior-year quarter. The Zacks Consensus Estimate has increased a cent in the last 30 days.
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| Comstock’s Quarterly Loss Continues Posted: 03 Nov 2010 10:35 AM PDT Oil and natural gas firm Comstock Resources Inc. (CRK) reported disappointing third quarter 2010 results, with the company facing a loss per share of 10 cents, slightly wider than the Zacks Consensus Estimate of 8 cents.
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| “QE1 Didn’t Work, And QE2 Probably Won’t Work As Well” Posted: 03 Nov 2010 10:26 AM PDT 11/03/10 Floor trader Alan Valdes gives us some insight and his opinion behind QE2 (quantative easing) and breaks down what last night’s election results mean for the future of Wall … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Extend The Bush Tax Cut To The Bottom 99 Percent, But Not The Top 1 Percent Posted: 03 Nov 2010 10:18 AM PDT Expect the President to be under more pressure to give in to Republican demands that the Bush tax cut be extended to everyone — not just the bottom 98 percent but also the the top 2 percent, earning over $250K.
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| Posted: 03 Nov 2010 08:33 AM PDT As you know, like most other technicians, I see 1220 as a crucial hurdle (that’s the market’s previous high set in April). The market’s crossing above that level with any sort of volume it should clear the way for a sustained bull market since there is only a brief respite at around the 1310 and then a clear shot at the all-time high of 1550. Let me tell you what I’ve been doing while I’ve been waiting for the market to assault the 1220 resistance level.
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