Monday, November 15, 2010

DailyMarkets.com - Superior Ind.: Earnings Scorecard

DailyMarkets.com - Superior Ind.: Earnings Scorecard

Superior Ind.: Earnings Scorecard

Posted: 15 Nov 2010 10:05 AM PST

Superior Industries International Inc. (NYSE:SUP) reported its third quarter earnings for 2010 on November 5, 2010, that was slightly ahead of the Zacks Consensus Estimate by 2 cents per share. The market reacted positively, with share prices rising in the subsequent days.
Analysts were optimistic given the company's impressive results and better outlook as most of them covering the stock revised the estimates upward. Below we will cover the results of the recent earnings announcement, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Is The USD/CAD Attempting To Bottom?

Posted: 15 Nov 2010 09:43 AM PST

1H: The USD/CAD was rejected from going above 1.0150, and the market was declining very sharply heading into the US session.
The RSI is testing 40, but the price level is still higher than the previous, pivot at 1.0045.
Friday's weekly update spotted a bullish breakout from a triple bottom. If the market breaks and closes below 1.0035, this breakout is not confirmed.

Daily: The daily shows the market coming out of the 0.980 pivot.
The USD/CAD is … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Zimmer Stays Neutral

Posted: 15 Nov 2010 09:35 AM PST

We recently reiterated our Neutral recommendation on Zimmer Holdings (NYSE:ZMH), a leading orthopedic medical devices company.
Zimmer reported third-quarter fiscal 2010 adjusted EPS of $0.96, beating the Zacks Consensus Estimate by a penny and 9% higher from the year-ago quarter's $0.88. The company reported net sales of $965 million, missing the Zacks Consensus estimate of $995 million, which were 1.1% lower from the year-ago quarter's $975.6 million. Despite the decline in revenue, earnings … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Incyte Buoyed By Strong Rev.

Posted: 15 Nov 2010 09:35 AM PST

Incyte Corporation (NASDAQ:INCY) suffered a loss of 26 cents per share in the third quarter of 2010. Loss in the reported quarter was narrower than the Zacks Consensus Estimate of a loss of 33 cents and the year-ago loss (excluding special items) of 39 cents per share. The strong performance in the quarter was attributable to a surge in revenues.
Total revenues in the reported quarter jumped to $16.9 million from $939,000 in the year-ago quarter. Revenues were boosted by the receipt of $16.7 million … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Peabody & Massey Could Divest Mines

Posted: 15 Nov 2010 09:35 AM PST

Coal India Ltd., an Indian state-owned coal company, recently outlined plans to acquire stakes in mines from two U.S. coal companies, Peabody Energy Corporation (NYSE:BTU) and Massey Energy Company (NYSE:MEE). Details regarding location of mines and the value of purchase were not disclosed.
Coal India, the world's largest coal producer, has been seeking to secure coal assets overseas to meet the growing demand from power stations and steel mills.
Indian companies are increasingly turning to the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Ecolab To Buy O.R. Solutions

Posted: 15 Nov 2010 09:05 AM PST

Leading cleaning and sanitation products company Ecolab Inc (NYSE:ECL) continues with its acquisition spree. It has agreed to acquire Virginia-based privately-held O.R. Solutions for $260 million in cash. The completion of the transaction is contingent upon regulatory approvals and customary closing conditions.
O.R. Solutions develops and markets fluid warming and cooling systems (including custom-fit sterile drapes) that are designed to maintain the proper temperature of fluids used during … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Northrop Gets UK Defense Contract

Posted: 15 Nov 2010 09:05 AM PST

Northrop Grumman Corporation (NYSE:NOC) has been awarded a $64 million contract by the U.K. Ministry of Defence to design and develop an upgraded airborne defense system to be used for the Airborne Warning and Control System aircraft.
The airborne defense system to be upgraded known as the Identification Friend or Foe Interrogator program is used by the Royal Air Force Air Command at Waddington, a base in Lincolnshire, England. It provides a long-range, early warning and detection capability that … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Crude Higher On Chinese Economic Optimism

Posted: 15 Nov 2010 08:39 AM PST

11/15/10 Front month crude prices continued to rise this session to start the week following growing optimism over theChinese economy and volatile Forex … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Restoring American Prosperity: Challenges And Solutions

Posted: 15 Nov 2010 08:39 AM PST

Below is a copy of my remarks to a group of students this past week-end. The assigned topic was the title above.
I don't have the time, nor the expertise to talk about many of our chronic problems like Social Security, Medicare & Medicaid, the need for better immigration policies and inter-city public education. John Goodman and my colleagues at NCPA have the comparative advantage on those topics. I'll stick to the macro-economic monetary and fiscal policy issues that are so much in the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Earnings Preview: SINA Corp.

Posted: 15 Nov 2010 08:35 AM PST

SINA Corp. (NASDAQ:SINA) is set to announce its financial results for the third quarter of 2010 on November 16, after the market closes.
Headquartered in Shanghai, China, SINA is a leading provider of online media and value-added information services to global Chinese communities.
Second Quarter Highlights
SINA's second quarter 2010 results, announced in August, were strong. Earnings spiked up 56.5% year over year to 40 cents per share.
Second quarter 2010 earnings exceeded the Zacks Consensus … [visit site to read more] or compare Best Credit Cards and Best CD Rates

American Public: Earnings Scorecard

Posted: 15 Nov 2010 08:35 AM PST

American Public Education Inc. (NASDAQ:APEI), an online provider of higher education to the military and public service communities, delivered better-than-expected third-quarter 2010 results on November 8, 2010.
Street analysts had nearly a week to ponder on the news. In the paragraphs that follow, we cover the recent earnings announcement, subsequent analyst estimate revisions and the Zacks Rank as well as long-term recommendation for the stock.
Earnings Report Review
American Public's quarterly … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Australian Dollar: Key ST Resistance At 10725

Posted: 15 Nov 2010 08:12 AM PST

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Canadian Dollar: The Downside Prevails

Posted: 15 Nov 2010 08:12 AM PST

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Wendy’s/Arby’s Disappoints

Posted: 15 Nov 2010 08:11 AM PST

Wendy's/Arby's Group Inc. (NYSE:WEN) posted third-quarter 2010 earnings of approximately zero cent per share, which lagged the Zacks Concensus estimate of 4 cents. Wendy's/Arby's had posted 3 cents a share in the year-earlier quarter. Sales deleverage coupled with higher commodity costs led to the decline in earnings. 
Total revenue in the quarter under review tumbled 4.7% year over year to $861.2 million. Sales from company-operated restaurants dropped 5.0% to $766.0 million and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Retail On The Rise?

Posted: 15 Nov 2010 08:11 AM PST

Retail Sales were better than expected in October, and the numbers for September were revised higher. Total retail sales rose 1.2%, much better than the 0.7% consensus expectation, and are up 7.3% from a year ago. September was revised up from 0.6% growth to 0.7% growth, which makes the overall level of retail sales much better than the consensus was expecting.

The Retail Sales report covers far more than just the shopping malls, and is a very broad based measure of consumer spending. Since … [visit site to read more] or compare Best Credit Cards and Best CD Rates

SABESP 3Q Soars, Short Of Estimate

Posted: 15 Nov 2010 08:10 AM PST

Sao Paulo, Brazil-based Companhia de Saneamento Basico do Estado de Sao Paulo, or SABESP's (NYSE:SBS) net income for the third quarter 2010 jumped a 129.8% year over year to R$449.8 million (US$255.6 million), or R$1.97 per share (US$2.24 per ADR). Earnings per ADR fell short of the Zacks Consensus Estimate of US$2.59 per ADR.
The net income rise was attributable to higher revenues and fall in financial expense, offset partially by a slight increase in operating expenses.
Revenue
Considering the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

BHP Withdraws Potash Buy-Out Offer

Posted: 15 Nov 2010 08:10 AM PST

Mining giant BHP Billiton Ltd. (NYSE:BHP) decided to withdraw its buy-out offer for Canada’s Potash Corp. of Saskatchewan Inc. (NYSE:POT), the world’s biggest fertilizer manufacturer, after non-clearance by the Investment Canada Act.
Capital which was raised to fund the bid will now be used for buyback of shares worth $13.0 billion, which is going to add to shareholder value. However, BHP Billiton will suffer heavy losses of $350 million, of which $250 million has been decided to be shown as an … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Positive Data On Pfizer Drug

Posted: 15 Nov 2010 08:10 AM PST

Pfizer Inc. (NYSE:PFE) recently reported results from a late-stage trial (ORAL Solo – 1045) on tasocitinib (CP-690,550) in patients with signs and symptoms of moderate to severely active rheumatoid arthritis (RA). The study met two primary endpoints after three months of treatment with tasocitinib. The candidate demonstrated a statistically significant reduction in the signs and symptoms of moderate to severely active RA and an improvement in physical function of the patients as compared with … [visit site to read more] or compare Best Credit Cards and Best CD Rates

“Gravity Effect” Pummels Sugar Futures

Posted: 15 Nov 2010 08:10 AM PST

Today’s Idea
“Never buy a liquidating market” is an old trading adage that warned novice traders not to try to pick a bottom when a market is in the midst of a major long liquidation sell-off. That being said did the Sugar fundamentals change sufficiently enough to justify an over 20% decline in just less than two trading sessions? Traders who believe that Sugar prices have now become oversold, may wish to explore long option strategies to help limit potential risk versus an outright long … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bullish-Looking Stocks: Baidu, Newmont Mining, F5 Networks, Pride International, Rovi, Nova Measuring Instruments, Vivo Participacoes, Loral Space & Communications, MCG Capital

Posted: 15 Nov 2010 08:09 AM PST

Last week saw the equity market pull back after a prolonged run. We had a particularly ugly distribution day on Friday in reaction to a big selloff in the Shanghai market the previous night. The Asian markets behaved well to start this week, so we’ll see if the US equities can break out of this short term downtrend. Looking at the SPY (SPY) chart, we can see price testing support in the form of the prior breakout level, as well as the ascending trendline.

One good solid day of buying … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: EURUSD Pressured By Bearish Debt Comments

Posted: 15 Nov 2010 08:09 AM PST

“Retail Sales Will Have The Biggest Market Impact”

Posted: 15 Nov 2010 08:01 AM PST

11/15/10 Floor trader Alan Valdes shares his thoughts behind today’s market movements while also expressing what he believes will make the biggest impact on the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – Dollar Broadly Higher After Mixed U.S. Economic Data

Posted: 15 Nov 2010 07:52 AM PST

Forex Pros – The U.S. dollar was up against most of its major counterparts on Monday, following the release of mixed U.S. data on retail sales and manufacturing activity.

During European afternoon trade, the greenback was up against the euro, with EUR/USD falling 0.58% to hit 1.3613.

Earlier in the day, official data showed that the euro zone's trade balance posted a larger-than-expected surplus in September as export growth outpaced the rise in imports year-on-year.

The greenback was … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Lowe’s Constructs A 3Q Profit Rise

Posted: 15 Nov 2010 02:42 AM PST

11/15/10 Home improvement retailer Lowe’s announced Monday that its 3Q profit rose by … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Trims Losses After Mixed U.S. Economic Data

Posted: 15 Nov 2010 07:42 AM PST

Forex Pros – The pound trimmed losses against the U.S. dollar on Monday, retreating from the daily low following the release of mixed U.S. data on manufacturing and retail sales.

GBP/USD retreated from 1.6041, the daily low, to hit 1.6079 during European afternoon trade, shedding 0.20%.

Cable was likely to find support at 1.5960, the low of November 10 and resistance at 1.6212, the high of November 8.

Earlier in the day, official data showed that the New York Federal Reserves index of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Tumbles To Fresh Daily Low As Debt Fears Weigh

Posted: 15 Nov 2010 07:28 AM PST

Forex Pros – The euro extended losses against its U.S. counterpart on Monday, tumbling to a fresh daily low, amid concerns that Ireland might soon seek a financial lifeline from the European Union.

EUR/USD hit 1.3603 during European afternoon trade, a fresh daily low; the pair subsequently consolidated at 1.3625, shedding 0.48%.

The pair was likely to find support at 1.3559, the low of September 30 and resistance at 1.3973, the high of November 9.

Earlier in the day, media outlets reported … [visit site to read more] or compare Best Credit Cards and Best CD Rates

The Supply & Demand For Small Business Loans

Posted: 15 Nov 2010 07:26 AM PST

By Seeeking Delta of http://seekingdelta.wordpress.com
Last week one of my favorite pieces of economic data was released, the NFIB Small Business Economic Trend report. (pdf) This report, coupled with the Federal Reserve quarterly survey of senior loan officers gives us a good indication of the health of small business in the U.S.
The NFIB headline optimism index rose 2.7 points in September but is still at recessionary levels. Let's dig a little deeper by looking at a series of charts. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Opening Bell Market Monitor: CAT, BUCY, EMC, ISLN, LOW

Posted: 15 Nov 2010 02:22 AM PST

11/15/10 The latest in news, commentary, and information on what’s moving the US equities … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Schumpeterian Creative Destruction: 10 Products, Businesses Being Destroyed By The Smartphone

Posted: 15 Nov 2010 07:19 AM PST

The following are the 10 products which smartphones are killing.

1. PDAs
2. Flip video cameras
3. MP3 Players
4. Digital cameras
5. Handheld video games
6. GPS
7. Regular cell phones
8. PCs
9. Watches
10. Remote controls

HT: … [visit site to read more] or compare Best Credit Cards and Best CD Rates

The Pending 26% Tax Hike On The Middle Class

Posted: 15 Nov 2010 05:58 AM PST

In today’s “The Gartman Letter” Dennis points out what will happen if the “Bush Tax Cuts” expire:

1. All income tax rates will go higher with the bottom rate moving up from 10% to 15% while the top rate shall go up from 35% to 39.6% (see chart above comparing 1999 and 2008 tax rates).

2. The tax credit for children will drop from $1000/child to $500. 

3. The standard deduction for married couples will be cut. 

4. Capital gains taxes will go up from 15% to 20%.

5. Dividends, … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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