DailyMarkets.com - CBST Beats On EPS, Misses On Sales

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• CBST Beats On EPS, Misses On Sales
• GATX Slips On Low Lease Rates
• Schlumberger’s 4Q Profit Soars
• High Losses Dampen MGIC Results
• Forex – EUR/USD Up At The End Of European Session
• Forex – EUR/USD Up Toward The End Of European Session
• BofA Disappoints On Writedown
• Federal Realty Buys Tower Shops
• Forex Trading: EURUSD Retraces Back Down After Move Above 1.3577
• Swiss Franc: Caution
• Australian Dollar: Caution
• Canadian Dollar: The Downside Prevails
• Japanese Yen: Under Pressure
• British Pound: The Downside Prevails
• Euro: Under Pressure
• Forex – USD/JPY Down Toward The End Of European Session
• Pay-and-Read From New York Times
• Range Resources Remains On Track
• Con Edison Falls Behind Consensus
• Deere’s Indian Investment Continues
• Forex Trading: EURJPY Test 200 Day MA. Price Has Not Been Above Since January 2010
• Weekly Gold And Silver Outlook 1/21 – Will The Bulls Take Back Control?
• Forex – GBP/USD Up Toward The End Of European Session
• Forex Trading: EURUSD Tests The 50% Retracement Target
• Bonds Continue To Wither
• Forex – EUR/USD Up During The European Session
• Morning News Notes: 1.21.11
• Valiant Petroleum Reports New Discovery On Don Southwest Field
• Petra Diamonds Doubles Annual Production With Finsch Mine Acquisition

CBST Beats On EPS, Misses On Sales Posted: 21 Jan 2011 09:35 AM PST Cubist Pharmaceuticals Inc's (NASDAQ:CBST) fourth quarter 2010 earnings (excluding special items but including stock-based compensation expense) of 42 cents per share surpassed the Zacks Consensus Estimate by 23.5% but fell short of the year-ago earnings by 30%.  On a reported basis (including special items), the company earned 24 cents per share as against 38 cents in the year-ago quarter. Revenue in the reported quarter slipped 3% to $161.8 million. Revenues, though in line with the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

GATX Slips On Low Lease Rates Posted: 21 Jan 2011 09:05 AM PST GATX Corporation (NYSE:GMT), a leader in leasing transportation assets, reported fourth quarter adjusted earnings of 33 cents per share, which missed the Zacks Consensus Estimate of 40 cents and was below the earnings of 35 cents in the year-ago quarter. The decline was due to a lower marine demand and fewer rail lease rollovers. Adjusted earnings for fiscal 2010 also slipped 11% to $1.62 per share from $1.82 in 2009. Revenue for the fourth quarter upped 1.3% year over year to $306.3 million and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Schlumberger’s 4Q Profit Soars Posted: 21 Jan 2011 09:05 AM PST Schlumberger Limited (NYSE:SLB) reported robust fourth-quarter earnings of 85 cents per share (excluding one-time items), substantially beating the Zacks Consensus Estimate of 77 cents as well as the year-earlier profit of 67 cents per share. The improvement was driven by strong activity in the liquid rich plays in North America and overall improvement in Canada. Full year 2010 earnings per share stood at $2.86, well ahead the Zacks Consensus Estimate of $2.77 and the last year's profit of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

High Losses Dampen MGIC Results Posted: 21 Jan 2011 09:05 AM PST MGIC Investment Corp. (NYSE:MTG) fourth-quarter loss of 98 cents per share was abysmally lower than the Zacks Consensus Estimate of a loss of 58 cents. The company reported a loss of $2.42 in the year-ago quarter. The earnings missed due to higher paid losses, lower recessions and increased claims.            Total revenue for the quarter came in at $361.1 million, down 11% year over year. The Zacks Consensus Estimate for revenue was $365 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Up At The End Of European Session Posted: 21 Jan 2011 09:00 AM PST Forex Pros – The Euro was higher against the U.S. Dollar on Friday. EUR/USD was trading at 1.3579, up 0.79% at time of writing. The pair was likely to find support at 1.3245, Monday's low, and resistance at 1.3593, today's high. Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.15% to hit 0.8489 and EUR/JPY rising 0.34% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Up Toward The End Of European Session Posted: 21 Jan 2011 08:40 AM PST Forex Pros – The Euro was higher against the U.S. Dollar on Friday. EUR/USD was trading at 1.3580, up 0.80% at time of writing. The pair was likely to find support at 1.3245, Monday's low, and resistance at 1.3593, today's high. Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.14% to hit 0.8488 and EUR/JPY rising 0.34% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

BofA Disappoints On Writedown Posted: 21 Jan 2011 08:35 AM PST Bank of America Corporation's (NYSE:BAC) fourth quarter earnings came in at 4 cents per share, substantially lower than the Zacks Consensus Estimate of 19 cents. However, this compares favorably with the loss of 60 cents in the prior-year quarter. Earnings for the reported quarter excluded a previously announced goodwill impairment charge of $2 billion related to its Home Loans and Insurance business. Considering this charge, BofA reported a net loss of $1.2 billion or 16 cents per share, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Federal Realty Buys Tower Shops Posted: 21 Jan 2011 08:35 AM PST Federal Realty Investment Trust (NYSE:FRT), a real estate investment trust (REIT) that owns, manages and develops retail and mixed-use properties, has recently acquired Tower Shops, a 372,000 square foot community retail center in Davie, Florida, for $66.1 million. The property was previously owned by Turnberry Associates, one of the premier real estate development and property management companies in the U.S. Tower Shops is located in a densely populated trade area with a population of about … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: EURUSD Retraces Back Down After Move Above 1.3577 Posted: 21 Jan 2011 08:31 AM PST … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Swiss Franc: Caution Posted: 21 Jan 2011 08:20 AM PST Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Australian Dollar: Caution Posted: 21 Jan 2011 08:20 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: 21 Jan 2011 08:20 AM PST Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Japanese Yen: Under Pressure Posted: 21 Jan 2011 08:20 AM PST Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

British Pound: The Downside Prevails Posted: 21 Jan 2011 08:20 AM PST Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Euro: Under Pressure Posted: 21 Jan 2011 08:20 AM PST Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/JPY Down Toward The End Of European Session Posted: 21 Jan 2011 08:20 AM PST Forex Pros – The U.S. Dollar was lower against the Japanese Yen on Friday. USD/JPY was trading at 82.64, down 0.44% at time of writing. The pair was likely to find support at 81.85, Wednesday's low, and resistance at 83.13, Thursday's high. Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.75% to hit 1.3575 and GBP/USD rising 0.55% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Pay-and-Read From New York Times Posted: 21 Jan 2011 08:15 AM PST The New York Times Company (NYSE:NYT), the diversified media conglomerate, is transmuting its business model by adding diverse revenue streams, which include a pay-and-read model for NYTimes.com with plans to launch a paid subscription website, BostonGlobe.com in 2011. The company will adopt the Financial Times’ metered system, where readers after browsing a certain number of free articles, are being asked to subscribe. According to Bloomberg, the online subscription would be less than $19.99 a … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Range Resources Remains On Track Posted: 21 Jan 2011 08:15 AM PST Range Resources Corporation (NYSE:RRC) reported a record fourth quarter 2010 production volume of 541.0 million cubic feet equivalent per day (MMcfe/d), beating its guided range of 535–540 MMcfe/d. Fourth quarter production volume jumped 18% from the year-earlier level and 8% on a sequential basis. This marks the company's 32nd consecutive quarter of sequential production growth. Out of the total production volume, natural gas accounted for nearly 76%, while natural gas liquids (NGLs) and oil … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Con Edison Falls Behind Consensus Posted: 21 Jan 2011 08:15 AM PST Consolidated Edison Inc.'s (NYSE:ED) fourth quarter earnings from continuing operations came in at 69 cents, a penny below the Zacks Consensus Estimate of 70 cents. This follows in the footsteps of the year-ago quarter when earnings also underperformed the market. However, results compared favorably with earnings from continuing operations of 67 cents in the year-ago quarter. On a reported basis, the company reported earnings of 81 cents per share compared with 73 cents in the year-ago quarter. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Deere’s Indian Investment Continues Posted: 21 Jan 2011 08:15 AM PST To capitalize on growth in the Indian tractor market, Deere & Company (NYSE:DE) continues to make investments in India. The company has decided to invest $100 million in building a new factory and expanding the existing tractor facility in Pune. Small agricultural tractors will be manufactured in the new facility for sale in India and abroad.  The company has not yet finalized the location for the new plant. Deere's connection with India goes back 60 years, mainly confined to the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: EURJPY Test 200 Day MA. Price Has Not Been Above Since January 2010 Posted: 21 Jan 2011 08:08 AM PST The EURJPY has been below the 200 day MA since January 14, 2010. At that time the 200 day MA was way up at 133.00.  Today, the pair is testing the key MA at the 112.36 level.  A break of the level should be a significant milestone and should lead to further upside momentum from a technical perspective.   The high corresponds with the technical resistance in the EURUSD at the 50% retracement at 1.3577.   … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Weekly Gold And Silver Outlook 1/21 – Will The Bulls Take Back Control? Posted: 21 Jan 2011 08:00 AM PST Gold (XAU/USD) -  Gold has developed the bearish correction as anticipated in recent posts. - However, we are now getting close to the area of support near 1330. The 1315 level is the next expected support. - Look for the market to create a bottom around here. - But if price action accelerates downwards, we are either exhausting a correction decline, or expanding it. The clue will be in the subsequent rally (if there is a pullback). - A rally that breaks the declining trendline seen in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Up Toward The End Of European Session Posted: 21 Jan 2011 07:55 AM PST Forex Pros – The British Pound was higher against the U.S. Dollar on Friday. GBP/USD was trading at 1.5998, up 0.64% at time of writing. The pair was likely to find support at 1.5836, Monday's low, and resistance at 1.6059, Tuesday's high. Meanwhile, the British Pound was down against the Euro and up against the Japanese Yen, with EUR/GBP gaining 0.20% to hit 0.8493 and GBP/JPY rising 0.17% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: EURUSD Tests The 50% Retracement Target Posted: 21 Jan 2011 07:52 AM PST The EURUSD is making new highs and testing the 50% retracement target of the move down from the NOvember 2010 high to the low reached in January at the 1.3577 level.  The price has moved slightly above the level at 1.3585 as shorts get squeezed before the London/Europe close.  If the price can stay above the 1.3563 level the market should keep the bullish … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bonds Continue To Wither Posted: 21 Jan 2011 07:39 AM PST Better times are once again catching up with bond holders as investors find less reason to buy encouraged by an improving economic climate. The euro currency earlier took a boost on account of a surge in a gauge of business confidence that leaves German executives the most optimistic since the east and west become one again in 1991. The same reason is driving shorter term yields higher as investors grow concerned that a hotter economy will set off a burst of inflation that would require upwards … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Up During The European Session Posted: 21 Jan 2011 07:30 AM PST Forex Pros – The Euro was higher against the U.S. Dollar on Friday. EUR/USD was trading at 1.3557, up 0.62% at time of writing. The pair was likely to find support at 1.3245, Monday's low, and resistance at 1.3575, today's high. Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.20% to hit 0.8493 and EUR/JPY rising 0.29% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Morning News Notes: 1.21.11 Posted: 21 Jan 2011 07:04 AM PST The morning news notes as prepared by TL…existing home sales, ECB warns on inflation, and GE. “Morning News Notes: January 21, 2011″ click … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Valiant Petroleum Reports New Discovery On Don Southwest Field Posted: 21 Jan 2011 02:13 AM PST North Sea focused oil and gas exploration and production group Valiant Petroleum (LON:VPP) reported this morning that its Don Southwest ‘E’ Panel exploration well had encountered a hydrocarbon bearing Brent sand formation indicating a gross recoverable accumulation of 5-7 million barrels of oil (2-3 million barrels of oil net to Valiant). Valiant, which has a 40% stake in the Don Southwest field and a 17.275% stake in the West Don field, said the well (known as 211/18a-S7) would now be … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Petra Diamonds Doubles Annual Production With Finsch Mine Acquisition Posted: 21 Jan 2011 01:19 AM PST Investors welcomed news this morning that AIM listed mining group Petra Diamonds (LON:PDL) was set to buy the Finsch diamond mine in South Africa from De Beers for R1.425 billion (£126.6m). The Petra Diamonds share price surged by 11% to 180p during the morning. Finsch is one of the world’s major diamond mines and South Africa’s second largest diamond mine by production. The company is funding the deal with a £205m placing of shares priced at 150p each. Petra said the acquisition was a … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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