DailyMarkets.com - Stock Picks For Wednesday: DryShips, El Paso Corporation, THQ, Dendreon |
- Stock Picks For Wednesday: DryShips, El Paso Corporation, THQ, Dendreon
- Forex – USD/JPY Up During The Asian Session
- CB&I Gets Abu Dhabi Contract
- Insolvency Petition Hurts Pacifico
- AAR Corp. Shift To Melbourne
- The Day Ahead: US Jobless Claims, US Trade Balance
- Abercrombie’s Soft Comparables
- Travelers Invests In Brazil
- Par Pharma Tops Zacks Estimates
- Loss At Optimer Inches Up Slightly
- Nationwide Health Beats Estimates
- O’Charley’s Loss Widens In 3Q
- Earnings Preview: NVIDIA
- Analyst Interviews: Pharma & Biotech Industry Outlook
- McDonald’s October Sales Climb
- NRG Energy Misses, Ups Outlook
- Closing Bell Market Monitor: SLE, DF, AKS, GS
- Forex – EUR/USD Down At The End Of U.S. Session
- Mindray Beats But Stumbles On Sales
- Forex – GBP/USD Down Toward The End Of U.S. Session
- Illinois Loses 1,000 More Union Jobs, And Another Manufacturing Plant To Right-to-Work Mississippi
- U.S. Markets Close Lower; Dow Jones Down 0.53%
- Risk Aversion Strong On Eurpean Debt Concerns
- Loss At DNDN Up On Higher Costs
- Ambac Seeks Bankruptcy Protection
- Marsh & McLennan Misses On Taxes
- Ultra Petroleum Beats, Affirms
- Forex – USD/CAD Up Toward The End Of U.S. Session
- Quicksilver Climbs On Record Volume
- American Public Education Beats
- Euro Rebounds Despite Irish And Greek Bond Yields Widening To Record Levels
- The Currency War: Why Gold Is The Red Cross
- Shire Beats, Ups Earnings Outlook
- Tyco Beats On Higher Revenues
- Mixed 3Q For U.S. Cellular
- TDS Beats Expectation
- Dean Foods Misses On Higher Costs
- Forex – GBP/USD Down
- Even The Michigan Economy Is Coming Back
- Allscripts Beats Zacks Estimate
- A JOLT To The Economy
- “Markets Will Go Back And Forth Until Options Expiration “
- Rockwell’s EPS Increases Fourfold
- Sempra Energy Meets Expectations
- Strong Numbers From JA Solar
- Buy Inhibitex Ahead Of Big Catalysts
- European Markets Close Higher; Dax Up 0.55%
| Stock Picks For Wednesday: DryShips, El Paso Corporation, THQ, Dendreon Posted: 09 Nov 2010 05:18 PM PST ( click to enlarge )
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| Forex – USD/JPY Up During The Asian Session Posted: 09 Nov 2010 05:00 PM PST Forex Pros – The U.S. Dollar was higher against the Japanese Yen on Wednesday. USD/JPY was trading at 81.72, up 0.04% at time of writing. The pair was likely to find support at 80.54, Tuesday's low, and resistance at 81.97, Tuesday's high. Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.01% to hit 1.3774 and GBP/USD rising 0.22% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 09 Nov 2010 03:35 PM PST Chicago Bridge & Iron Company (NYSE:CBI) announced today that it has bagged a contract, worth US$40 million, awarded by Daewoo Engineering and Construction Co. Ltd. for a storage tank project in Abu Dhabi.
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| Insolvency Petition Hurts Pacifico Posted: 09 Nov 2010 03:35 PM PST Grupo Aeroportuario del Pacífico S.A.B. de C.V. (NYSE:PAC), a top Mexican airport operator, recorded a 3.3% marginal increase in passenger traffic for October 2010 in comparison with the same period last year. Domestic traffic rose 3.2% while International traffic shot up by 3.6% year over year.
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| Posted: 09 Nov 2010 03:35 PM PST Following the acquisition of Aviation Worldwide Services (AWS), a leading provider of expeditionary airlift services and aircraft modifications to the U.S. and other governments, AAR Corp. (NYSE:AIR) decided to shift its airlift services and specialized aircraft modifications businesses to Melbourne, Florida.
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| The Day Ahead: US Jobless Claims, US Trade Balance Posted: 09 Nov 2010 03:30 PM PST 11/10/10 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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| Abercrombie’s Soft Comparables Posted: 09 Nov 2010 03:05 PM PST Abercrombie & Fitch Co. (NYSE:ANF), a specialty retailer of casual apparel, reported somewhat soft sales results for the four-week period ended October 2010. After sharp increases of 12.0% in September 2010 and 6.0% in August 2010, the company reported comparable-store sales growth of just 2.0% for October 2010.
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| Posted: 09 Nov 2010 03:05 PM PST Last week, TheTravelers Companies, Inc. (NYSE:TRV) inked a joint venture deal with J. Malucelli Participações em Seguros e Resseguros S.A., a market leader in the surety insurance business in Brazil. As per the deal, Travelers will invest $370 million for a 43% stake in the Brazilian company. The deal also entails an option to increase its stake up to 49.9% within 18 months.
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| Par Pharma Tops Zacks Estimates Posted: 09 Nov 2010 03:05 PM PST Par Pharmaceutical Companies Inc. (NYSE:PRX) posted earnings of 86 cents per share during the third quarter of 2010, beating the Zacks Consensus Estimate of 54 cents per share, and the year-ago earnings of 76 cents per share. Before one-time items, earnings for the quarter came in at 82 cents per share, up from the prior-year figure of 79 cents per share. Higher margins helped boost earnings.
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| Loss At Optimer Inches Up Slightly Posted: 09 Nov 2010 02:36 PM PST Optimer Pharma's (NASDAQ:OPTR) third quarter 2010 loss of 30 cents per share exceeded the Zacks Consensus Estimate by a penny and the year-ago loss by 2 cents. The wider loss was attributed to higher costs incurred by the company on research and development (R&D) and marketing purposes in the reported quarter.
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| Nationwide Health Beats Estimates Posted: 09 Nov 2010 02:36 PM PST Nationwide Health Properties Inc. (NYSE:NHP), a real estate investment trust (REIT) that invests in healthcare facilities, reported a 17.5% increase in total revenue in the third quarter of 2010 to $114 million from $97 million in the year-earlier quarter. Total revenues for the reported quarter exceeded the Zacks Consensus estimate of $107 million.
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| Posted: 09 Nov 2010 02:36 PM PST Casual dining chain O’Charley's Inc. (NASDAQ:CHUX) recently reported disappointing third quarter 2010 results. The results were hurt by an impairment charge and lower margins.
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| Posted: 09 Nov 2010 02:36 PM PST NVIDIA Corporation (NVDA) is scheduled to announce its third quarter 2011 results on November 12, 2010, and the two way revisions in estimates reflects mixed sentiment on the stock.
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| Analyst Interviews: Pharma & Biotech Industry Outlook Posted: 09 Nov 2010 02:05 PM PST With 2010 coming to an end, the pharmaceutical industry continues to witness major challenges like sluggish prescription trends, EU pricing pressure, intensifying generic competition and limited late-stage catalysts. The next five years are expected to reflect a significant imbalance between new product introductions and patent losses. According to IMS Health, this is the main reason global pharmaceutical market growth will be restricted to the mid-single digits (5-8%) through 2014. Over the … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| McDonald’s October Sales Climb Posted: 09 Nov 2010 02:05 PM PST McDonald’s Corp. (NYSE:MCD) posted global comparable sales growth of 6.5% in October, on the heels of strong sales of beverage as well as core menu products. Comparable sales growth stepped up from 3.3% recorded in October 2009.
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| NRG Energy Misses, Ups Outlook Posted: 09 Nov 2010 02:05 PM PST Energy generation company NRG Energy Inc. (NYSE:NRG) announced operating earnings of 87 cents per share for third-quarter 2010, which fell short of the Zacks Consensus Estimate of 96 cents and the year-ago figure of $1.02.
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| Closing Bell Market Monitor: SLE, DF, AKS, GS Posted: 09 Nov 2010 01:58 PM PST 11/09/10 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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| Forex – EUR/USD Down At The End Of U.S. Session Posted: 09 Nov 2010 01:55 PM PST Forex Pros – The Euro was lower against the U.S. Dollar on Tuesday. EUR/USD was trading at 1.3773, down 1.06% at time of writing. The pair was likely to find support at 1.3752, today's low, and resistance at 1.4282, Thursday's high. Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.09% to hit 0.8616 and EUR/JPY falling 0.39% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Mindray Beats But Stumbles On Sales Posted: 09 Nov 2010 01:36 PM PST Mindray Medical International Limited (NYSE:MR), a leading Chinese medical devices company, reported third-quarter 2010 adjusted (excluding one-time expenses) earnings per share of 34 cents, beating the Zacks Consensus Estimate of 32 cents and surpassing the year-ago figure of 33 cents.
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| Forex – GBP/USD Down Toward The End Of U.S. Session Posted: 09 Nov 2010 01:30 PM PST Forex Pros – The British Pound was lower against the U.S. Dollar on Tuesday. GBP/USD was trading at 1.5985, down 0.94% at time of writing. The pair was likely to find support at 1.5954, today's low, and resistance at 1.6299, Thursday's high. Meanwhile, the British Pound was up against the Euro and down against the Japanese Yen, with EUR/GBP shedding 0.07% to hit 0.8618 and GBP/JPY falling 0.30% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Illinois Loses 1,000 More Union Jobs, And Another Manufacturing Plant To Right-to-Work Mississippi Posted: 09 Nov 2010 01:14 PM PST EAST ALTON, ILLINOIS — “Some union workers were making plans Wednesday to hit the bricks to look for new jobs after Olin Corp. announced it will move its Winchester Centerfire Operations and 1,000 jobs from Illinois to Oxford, Miss. The company made the announcement one day after members of District 9 of the International Association of Machinists (IAM) and Aerospace Workers rejected a contract that would have frozen wages for seven years. The company told the union leaders in August … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| U.S. Markets Close Lower; Dow Jones Down 0.53% Posted: 09 Nov 2010 01:10 PM PST Forex Pros – U.S. stocks were down after the closing bell on Tuesday. At the close of U.S. trade, the Dow Jones Industrial Average fell 0.53%, the S&P 500 index shed 0.81%, while the Nasdaq 100 index declined 0.55%. Meanwhile, across the Atlantic, European stock markets closed higher. France's CAC 40 was up 0.82%; Germany's DAX gained 0.55%; Britain's FTSE 100 climbed 0.43%; and the EURO STOXX 50 rose … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Risk Aversion Strong On Eurpean Debt Concerns Posted: 09 Nov 2010 12:40 PM PST 11/09/10 The dollar continued its rebound this session following growing debt concerns for European … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Loss At DNDN Up On Higher Costs Posted: 09 Nov 2010 12:35 PM PST Dendreon Corp.'s (NASDAQ:DNDN) third quarter 2010 loss of 47 cents per share (excluding charges for litigation settlement) was wider than the Zacks Consensus Estimate of a loss of 44 cents per share and the year-ago loss of 23 cents per share (excluding charges for warrant revaluation).
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| Ambac Seeks Bankruptcy Protection Posted: 09 Nov 2010 12:35 PM PST Yesterday, bond insurer Ambac Financial Group Inc. (NYSE:ABK) filed for bankruptcy protection under Chapter 11 Bankruptcy Code in the United States Bankruptcy Court for the Southern District of New York.
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| Marsh & McLennan Misses On Taxes Posted: 09 Nov 2010 12:35 PM PST Marsh & McLennan Companies Inc. (NYSE:MMC) reported its third quarter adjusted operating income of $146.0 million or 27 cents per share, a penny less than the Zacks Consensus Estimate of 28 cents. This also compares unfavorably with the income of $252.0 million or earnings of 48 cents in the year-ago quarter. Adjusted operating earnings per share in both the periods exclude one-time items.
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| Ultra Petroleum Beats, Affirms Posted: 09 Nov 2010 12:35 PM PST Natural gas producer Ultra Petroleum Corp.'s (NYSE:UPL) third quarter 2010 results exceeded our expectations, primarily based on a strong organic growth and improved margins. Earnings per share, excluding special items, came in at 60 cents, surpassing the Zacks Consensus Estimate of 55 cents and prior-year quarter's 57 cents.
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| Forex – USD/CAD Up Toward The End Of U.S. Session Posted: 09 Nov 2010 12:30 PM PST Forex Pros – The U.S. Dollar was higher against the Canadian Dollar on Tuesday. USD/CAD was trading at 1.0066, up 0.31% at time of writing. The pair was likely to find support at 0.9981, today's low, and resistance at 1.0098, Thursday's high. Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.98% to hit 1.3784 and GBP/USD falling 0.98% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Quicksilver Climbs On Record Volume Posted: 09 Nov 2010 12:05 PM PST Quicksilver Resources Inc's (NYSE:KWK) third quarter 2010 earnings of 17 cents per share, climbed compared with the Zacks Consensus Estimate of 15 cents but slipped 32% from last year's earnings of 25 cents.
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| American Public Education Beats Posted: 09 Nov 2010 12:05 PM PST American Public Education Inc. (NASDAQ:APEI), an online provider of higher education to the military and public service communities, recently delivered third-quarter 2010 results that topped the Zacks estimates. The quarterly earnings of 30 cents a share beat the Zacks Consensus Estimate by a penny, and rose 11% from 27 cents earned in the prior-year quarter. The Zacks Consensus Estimate was stable prior to the earnings announcement.
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| Euro Rebounds Despite Irish And Greek Bond Yields Widening To Record Levels Posted: 09 Nov 2010 11:44 AM PST Let's start by following low up to yesterday's key story – Euro sliding on risk aversion tied to Irish and Portuguese debt. EUR/USD – Equities Recover, as Does Euro; but will it be Short-Lived? Today' fortunes reversed fairly quickly as the Euro picked up some support following setting a low near 1.3825. Following two straight sessions of declines, this move was more about equity markets getting back to positive territory, which helped spur some risk appetite. The Euro … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| The Currency War: Why Gold Is The Red Cross Posted: 09 Nov 2010 11:39 AM PST As the world awaits another $600 billion flood from Bernanke’s printing press, central bank governors from Brasília to Tokyo are preparing to respond in kind. This is the monetary equivalent of a nuclear war, except instead of radiation, bombs of inflation threaten to make the world economy uninhabitable for saving and productive enterprise. While much of the attention has been focused on China and accusations that it is a “currency manipulator,” the first shot in this war was … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Shire Beats, Ups Earnings Outlook Posted: 09 Nov 2010 11:35 AM PST Shire plc (NASDAQ:SHPGY) posted earnings of $1.16 per American Depositary Share (ADS) during the third quarter of 2010, beating the Zacks Consensus Estimate of 98 cents and the year-ago earnings of 49 cents per ADS. Higher revenues accounted for the strong performance.
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| Posted: 09 Nov 2010 11:35 AM PST Tyco International Ltd (NYSE:TYC) reported earnings per share from continuing operations of 74 cents for the fourth quarter of 2010, exceeding the Zacks Consensus Estimate of 66 cents. The company's reported revenues of $4.49 billion was above the Zacks Consensus Estimate of $4.44 billion.
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| Posted: 09 Nov 2010 11:05 AM PST U.S. Cellular (NYSE:USM),a subsidiary of Telephone and Data Systems (NYSE:TDS), posted third-quarter 2010 earnings per share of 43 cents, which misses the Zacks Consensus Estimate by a penny but increased 3 cents or 7% from the year-ago quarter. Net income improved 9% year over year to $37.35 million driven by increased penetration of smartphones followed by growth in data and roaming revenues.
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| Posted: 09 Nov 2010 11:05 AM PST Telephone and Data Systems Inc. (NYSE:TDS) announced third-quarter 2010 earnings per share of 38 cents, which was above the Zacks Consensus Estimate of 36 cents and year-earlier earnings of 34 cents. The improvement in earnings was attributable to TDS Telecom's data revenue growth.
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| Dean Foods Misses On Higher Costs Posted: 09 Nov 2010 11:05 AM PST Dean Foods Co.'s (NYSE:DF) adjusted earnings per share for the third quarter of fiscal 2010 came in at 13 cents, well behind 33 cents recorded in the year-ago quarter and the Zacks Consensus Estimate of 21 cents per share.
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| Posted: 09 Nov 2010 11:00 AM PST Forex Pros – The British Pound was lower against the U.S. Dollar on Tuesday. GBP/USD was trading at 1.6026, down 0.68% at time of writing. The pair was likely to find support at 1.6011, today's low, and resistance at 1.6299, Thursday's high. Meanwhile, the British Pound was down against the Euro and the Japanese Yen, with EUR/GBP gaining 0.06% to hit 0.8629 and GBP/JPY falling 0.34% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Even The Michigan Economy Is Coming Back Posted: 09 Nov 2010 10:58 AM PST DALLAS/November 9, 2010 – “Comerica Bank's Michigan Economic Activity Index rose two points in September to a level of 89, the highest Index reading since June 2008. September's reading is up 14 points from the year-ago level, and up 18 points, or 25 percent, from the Index cyclical low (see chart). September marks the seventh month of consecutive double digit year-on-year increases in the Index. Year-to-date the Index has averaged 11 points, or 15 percent, above the Index average for … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Allscripts Beats Zacks Estimate Posted: 09 Nov 2010 10:35 AM PST Allscripts Healthcare Solutions, Inc. (NASDAQ:MDRX) reported third-quarter fiscal 2010 adjusted (excluding one-time items) earnings per share of 19 cents, exceeding both the Zacks Consensus Estimate and the year-ago earnings of 16 cents. Adjusted net income was $36.8 million, up 21% year over year.
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| Posted: 09 Nov 2010 10:35 AM PST On Friday, we got the big employment report for October. It showed that a net of 151,000 jobs were created in the economy. (for much more detail see Employment Report In Depth, pt. 1 and pt. 2). However that is a very small fraction of the total number of jobs that were actually created. It subtracts out the number of jobs that were also destroyed in the month. In any economic environment, there will always be jobs being created, and jobs being lost. The difference between them is what gets … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| “Markets Will Go Back And Forth Until Options Expiration “ Posted: 09 Nov 2010 10:34 AM PST 11/09/10 DME Securities’ Alan Valdes discusses today’s trading session, and his short-term … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Rockwell’s EPS Increases Fourfold Posted: 09 Nov 2010 10:05 AM PST In its fourth quarter, Rockwell Automation Inc. (NYSE:ROK) results delivered earnings per share (EPS) of 91 cents, in line with the Zacks Consensus Estimate but more than fourfold of 20 cents during the prior-year quarter.
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| Sempra Energy Meets Expectations Posted: 09 Nov 2010 10:05 AM PST Sempra Energy (NYSE:SRE) announced third-quarter operating earnings of $1.08 per share, in line with the Zacks Consensus Estimate and lower than the year-ago earnings of $1.27 per share.
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| Posted: 09 Nov 2010 10:05 AM PST JA Solar Holdings Co. Ltd (NASDAQ:JASO) reported adjusted earnings per American Depositary Share (EPADS) of 47 cents in its third quarter, which surpassed the Zacks Consensus Estimate of 34 cents. Results also comfortably beat the year-ago adjusted earnings per ADS of 10 cents.
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| Buy Inhibitex Ahead Of Big Catalysts Posted: 09 Nov 2010 10:05 AM PST Written by Jason Napodano, CFA
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| European Markets Close Higher; Dax Up 0.55% Posted: 09 Nov 2010 09:55 AM PST Forex Pros – European stocks were up after the closing bell on Tuesday. At the close of European trade, Germany's DAX rose 0.55%, London's FTSE 100 gained 0.43%, France's CAC 40 climbed 0.82% and the EURO STOXX 50 was up 0.79%. Meanwhile, on Wall Street, equity markets were down after the open. The Dow Jones Industrial Average was down 0.27%; the S&P 500 index shed 0.27%, while the Nasdaq 100 index declined … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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