DailyMarkets.com - Earnings Preview: Bristol-Myers |
- Earnings Preview: Bristol-Myers
- New Home Sales Up, But Still Dismal
- Textron Surpasses Estimates
- Australian Dollar: Caution
- Canadian Dollar: The Downside Prevails
- Is There A Buying Opportunity Among The PMG’s Selloff?
- BXP Recurring FFO Beats Estimates
- McCormick Surpasses Estimates
- Rockwell Automation Outperforms
- Forex – EUR/USD Up At The End Of European Session
- What To Expect From Today’s FOMC Decision On Inflation, Growth
- Southern Company Numbers In-Line
- Crude Rallies On EU Recovery Optimism
- Can The Fed Vault The S&P 500 Over 1,291?
- Corning Returns To Growth
- Gilead Beats By A Penny
- Kodak Revives, Stumbles To Meet Est.
- TSS Flat With Zacks, Cautious Outlook
- ConocoPhillips Scrapes Through
- Brinker Beats EPS, Misses Topline
- Forex Trading: EURUSD Stepping From Level To Level
- Forex – Dollar Mixed Vs. Rivals As Fed FOMC Statement Eyed
- USD/CHF – Negative Reversal Bearish Targets 0.9350, 0.93
- Forex – GBP/USD Extends Gains As Strong U.S. Data Lifts Sentiment
- Forex Trading: EURJPY Tests Topside Resistance Now
- Forex – EUR/USD Erases Losses After U.S. Home Sale Rise, Pre Fed
- Opening Bell Market Monitor: ABT, BA, COP
- Gold And Silver To Dig At Support Levels Further
- US New Homes Sales Up 17.5% For December, Surprise Market On Upside
- Kodak Posts Steep Drop In 4Q Net Income
- Wishful Thinking
- U.S. New Home Sales Rise More-than-expected In December
- GBP/JPY Consolidates; Looking For Further Decline
- U.S. Stocks Mixed Ahead Of FOMC; Dow Jones Down 0.11%
- EUR/USD’s Trendline Preventing Topping Action; Watch It Break
- Will The Financial Crisis Inquiry Commission ‘Name Names’?
- Forex – USD/CAD Trims Losses Ahead Of Fed Meeting
- Heritage Oil Surprises Investors With Major Gas Discovery In Iraq
| Earnings Preview: Bristol-Myers Posted: 26 Jan 2011 10:05 AM PST Bristol-Myers Squibb Company (NYSE:BMY) is all set to announce its fourth quarter and full year 2010 results on January 27, 2011 before the opening bell. The Zacks Consensus Estimate for the fourth quarter is 48 cents, representing a year-over-year increase of 2.1%. The Zacks Consensus Estimate for 2010 is $ 2.16, up 17.4%. Bristol Myers has surpassed earnings estimates consistently in the last four quarters with a trailing four-quarter average of 7.55%.
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| New Home Sales Up, But Still Dismal Posted: 26 Jan 2011 10:05 AM PST New home sales in December rose by 17.5% from November, but only to a dismal rate of 329,000. Relative to a year ago, sales are down 7.6%. While the level was substantially better than the expected rate of 300,000, it is still a very bad level. The eight lowest months on record (back to 1963) for new home sales have all been in the last eight months. The monthly increase at first glance looks pretty good, but it comes after the November numbers were revised down by 10,000, so even there the … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 26 Jan 2011 09:35 AM PST Diversified U.S. conglomerate,Textron Inc. (NYSE:TXT) announced strong fourth quarter 2010 operating earnings of 33 cents per share versus 15 cents in the year-ago quarter, reflecting a growth of 120%. The fourth quarter results surpassed the Zacks Consensus Estimate of 25 cents by 8 cents.
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| Posted: 26 Jan 2011 09:19 AM PST Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Canadian Dollar: The Downside Prevails Posted: 26 Jan 2011 09:19 AM PST Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Is There A Buying Opportunity Among The PMG’s Selloff? Posted: 26 Jan 2011 09:19 AM PST Today’s Idea
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| BXP Recurring FFO Beats Estimates Posted: 26 Jan 2011 09:05 AM PST Boston Properties Inc. (NYSE:BXP), one of the leading real estate investment trusts (REITs), reported fourth quarter 2010 FFO (funds from operations) of $89.9 million or 64 cents per share, compared with $146.1 million or $1.04 per share in the year-earlier quarter. Fund from operations, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income.
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| Posted: 26 Jan 2011 09:05 AM PST McCormick & Co. Inc. (NYSE:MKC) posted results for the fourth quarter and fiscal 2010. Quarterly earnings came in at 99 cents a share, which surpassed the Zacks Consensus Estimate of 95 cents by 4.2% and the year-ago earnings of 87 cents by 13.8%. The quarterly earnings benefited from a favorable tax rate due to increased foreign tax credits in the U.S. resulting from the repatriation of cash from foreign subsidiaries.
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| Rockwell Automation Outperforms Posted: 26 Jan 2011 09:05 AM PST Rockwell Automation Inc. (NYSE:ROK) delivered earnings per share (EPS) of $1.04 cents in its fiscal 2011 first quarter ended December 31, 2010, beating the Zack Consensus Estimate of 88 cents and almost double of 53 cents reported during the prior-year quarter.
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| Forex – EUR/USD Up At The End Of European Session Posted: 26 Jan 2011 08:58 AM PST Forex Pros – The Euro was higher against the U.S. Dollar on Wednesday. EUR/USD was trading at 1.3687, up 0.04% at time of writing. The pair was likely to find support at 1.3449, Friday's low, and resistance at 1.3721, today's high. Meanwhile, the Euro was down against the British Pound and up against the Japanese Yen, with EUR/GBP shedding 0.39% to hit 0.8616 and EUR/JPY rising 0.07% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| What To Expect From Today’s FOMC Decision On Inflation, Growth Posted: 26 Jan 2011 08:56 AM PST The Fed comes into today's meeting with macro-economic signs pointing upward.
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| Southern Company Numbers In-Line Posted: 26 Jan 2011 08:35 AM PST Electric utility firm Southern Co. (SO) reported in-line fourth quarter 2010 results, as the positive effects of higher weather-related gains and improvement in industrial activity were offset by increased operations and maintenance expenses. Earnings per share came in at 18 cents, same as the Zacks Consensus Estimate but below the year-ago profit of 31 cents.
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| Crude Rallies On EU Recovery Optimism Posted: 26 Jan 2011 08:30 AM PST 01/26/11 Front month crude prices continued their rally this afternoon following a decline in the greenback and improved outlook over the health of the eurozone … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Can The Fed Vault The S&P 500 Over 1,291? Posted: 26 Jan 2011 08:23 AM PST It was refreshing to see the more respectful atmosphere at last night's State of the Union address, especially when compared to the partisan, and almost childish, environment during last year's speech. It remains to be seen if our elected officials can make any meaningful progress on important issues, such as the deficit. With a Fed statement coming today at 2:15 pm ET, the early part of the trading day will have a muted significance. The S&P 500 closed yesterday at 1,291.18, … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 26 Jan 2011 08:22 AM PST Corning Inc's (NYSE:GLW) fourth quarter 2010 earnings missed the Zacks Consensus Estimate by a penny (2.3%). Revenue growth was strong however, enabling the company to exceed the Zacks Consensus by 9.5%.
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| Posted: 26 Jan 2011 08:22 AM PST Gilead Sciences Inc. (GILD) reported earnings per share of 90 cents for the fourth quarter of 2010, a penny above the Zacks Consensus Estimate of 89 cents and the year-earlier earnings. The lackluster earnings performance was due to lower revenues and higher expenses.
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| Kodak Revives, Stumbles To Meet Est. Posted: 26 Jan 2011 08:22 AM PST Eastman Kodak Company (NYSE:EK) reported improved results for the fiscal 2010. However, lower intellectual property licensing revenue negatively affected operating results in the fourth quarter.
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| TSS Flat With Zacks, Cautious Outlook Posted: 26 Jan 2011 08:22 AM PST Total System Services Inc. (NYSE:TSS) reported fourth quarter operating net income of $47.2 million or 24 cents per share as opposed to $60.2 million or 31 cents per share in the year-ago quarter. However, earnings per share were in line with the Zacks Consensus Estimate.
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| ConocoPhillips Scrapes Through Posted: 26 Jan 2011 08:22 AM PST ConocoPhillips (NYSE:COP) reported its fourth-quarter 2010 earnings of $1.32 per share (excluding non-recurring items), beating the Zacks Consensus Estimate by a penny. The quarter's earnings increased from $1.20 in the year-ago quarter. The improved performance primarily reflects a hike in commodity prices associated with better U.S. refining margins, partially offset by lower production volumes.
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| Brinker Beats EPS, Misses Topline Posted: 26 Jan 2011 08:22 AM PST Brinker International Inc (NYSE:EAT), the world’s leading casual dining restaurant company, reported second quarter 2011 adjusted earnings per share (EPS) of 38 cents, surpassing the Zacks Consensus Estimate of 32 cents. It was also well ahead of 25 cents reported in the prior-year quarter. The upside in earnings was driven by continued margin expansion at Chili’s and top-line growth at Maggiano’s.
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| Forex Trading: EURUSD Stepping From Level To Level Posted: 26 Jan 2011 08:05 AM PST The EURUSD is stepping from level to level in choppy trading. There seems to be three separate levels/areas that traders are focusing.
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| Forex – Dollar Mixed Vs. Rivals As Fed FOMC Statement Eyed Posted: 26 Jan 2011 08:01 AM PST Forex Pros – The U.S. dollar was mixed against its major counterparts on Wednesday, as markets looked towards the Federal Reserve for confirmation that its focus remained on supporting growth. During European late afternoon trade, the greenback was down against the euro, with EUR/USD rising 0.05% to hit 1.3688. Earlier Wednesday, U.S. government data showed that new home sales rose faster than expected in December, hitting their highest level in eight months. The greenback was also down … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| USD/CHF – Negative Reversal Bearish Targets 0.9350, 0.93 Posted: 26 Jan 2011 08:00 AM PST Previous Post on USD/CHF (1/24): Swissie Strength Lifts CHF/JPY and Pressures USD/CHF - The USD/CHF was projected to 0.9430 earlier in the week, and the market has consolidated since hitting this target.
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| Forex – GBP/USD Extends Gains As Strong U.S. Data Lifts Sentiment Posted: 26 Jan 2011 07:51 AM PST Forex Pros – The pound extended gains against the U.S. dollar on Wednesday, rising to a fresh daily high after U.S. data showed that new home sales rose faster than expected in December, hitting their highest level in eight months. GBP/USD hit 1.5901 during European late afternoon trade, the daily high; the pair subsequently consolidated at 1.5885, gaining 0.43%. Cable was likely to find support at 1.575, Tuesday's low and resistance at 1.6016, Tuesday's high. The Commerce Department … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex Trading: EURJPY Tests Topside Resistance Now Posted: 26 Jan 2011 07:48 AM PST After testing the 100 hour MA and trendline support earlier in the NY session (at 112.24 area), the pair is now back higher testing the trendline resistance at the 112.68 level. Both levels today are important. A break of either should lead to further momentum in the direction of the … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – EUR/USD Erases Losses After U.S. Home Sale Rise, Pre Fed Posted: 26 Jan 2011 07:43 AM PST Forex Pros – The euro erased losses against the U.S. dollar on Wednesday, after government data showed that U.S. new home sales rose faster than expected in December, hitting their highest level in eight months. EUR/USD clawed up from 1.3645, the daily low, to hit 1.3691 during European late afternoon trade, edging up 0.07%. The pair was likely to find support at 1.3571, Tuesday's low and resistance at 1.3721, the day's high and a ten-week high. The Commerce Department said sales … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Opening Bell Market Monitor: ABT, BA, COP Posted: 26 Jan 2011 02:35 AM PST 01/26/11 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
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| Gold And Silver To Dig At Support Levels Further Posted: 26 Jan 2011 07:30 AM PST Previous Post on gold and silver (1/24): Bears March On
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| US New Homes Sales Up 17.5% For December, Surprise Market On Upside Posted: 26 Jan 2011 07:22 AM PST For December var div = jQuery(“”).css({ New home sales surprised forecasts jumping 17.5% in December, larger than the 3.5% expected, and at an annual rate of 329K, it was about 49K more than the downwardly revised annual pace … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Kodak Posts Steep Drop In 4Q Net Income Posted: 26 Jan 2011 02:20 AM PST 01/26/11 Eastman Kodak annopunced that its 4Q net income took a hit, falling … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 26 Jan 2011 07:10 AM PST Rising interest rates in emerging Asian economies and the promise of growth rates three-times that expected in the developed world continue to inspire wishful thoughts among risk-loving investors and laying optimistic groundwork for the midweek session. All quiet on the European sovereign debt crisis has euro bulls hard at work hoping that a permanent solution will be forged to stem disruptive surges in government bond yields. President Obama wants lawmakers to cut to the chase and agree on … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| U.S. New Home Sales Rise More-than-expected In December Posted: 26 Jan 2011 07:07 AM PST Forex Pros – U.S. new home sales rose significantly more-than-expected in December, official data showed on Wednesday. In a report, the U.S. Census Bureau said new home sales jumped by 17.5% to a seasonally adjusted 329,000 units in December, after rising to 280,000 units in November, whose figure was revised down from 290,000 units. Analysts had expected the number of new home sales to rise by 3.5% to 300,000 units in December. Following the release of the data, the U.S. dollar was up … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| GBP/JPY Consolidates; Looking For Further Decline Posted: 26 Jan 2011 06:59 AM PST Previous Post (1/25): GBP/JPY's Bearish Targets
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| U.S. Stocks Mixed Ahead Of FOMC; Dow Jones Down 0.11% Posted: 26 Jan 2011 06:55 AM PST Forex Pros – U.S. stocks were mixed after the open on Wednesday, as investors remained cautious ahead of the release of the Federal Reserve's rate statement, while downbeat financial results from Boeing weighed on sentiment. During early U.S. trade, the Dow Jones Industrial Average shed 0.11%, the S&P 500 index climbed 0.09%, while the Nasdaq Composite index was down 0.05%. Shares in the world's largest aircraft manufacturer Boeing tumbled 3.97% after its fourth quarter … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| EUR/USD’s Trendline Preventing Topping Action; Watch It Break Posted: 26 Jan 2011 06:30 AM PST Previous Post (1/25): EUR/USD's Double Top Confirmation
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| Will The Financial Crisis Inquiry Commission ‘Name Names’? Posted: 26 Jan 2011 06:25 AM PST Tomorrow the Financial Crisis Inquiry Commission will release its widely anticipated report investigating the causes of our financial crisis. While many on Wall Street would like to promote the fact that the financial crisis was nothing more than 'the perfect storm,' we know that is not the case. The New York Times has received a preview of the FCIC's report and highlights the fact that the Financial Crisis Was Avoidable, Inquiry Finds, The 2008 financial crisis was an "avoidable" … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – USD/CAD Trims Losses Ahead Of Fed Meeting Posted: 26 Jan 2011 06:18 AM PST Forex Pros – The U.S. dollar trimmed losses against its Canadian counterpart on Wednesday, but remained under pressure ahead of U.S. housing data and the Federal Reserve's statement on monetary policy. USD/CAD clawed back up from 0.9938, the daily low, to hit 0.9956 during European afternoon trade, slipping 0.11%. The pair was likely to find support at 0.9911, Tuesday's low and resistance at 1.0003, Tuesday's high. Later Wednesday, the Federal Reserve was to convene its first … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Heritage Oil Surprises Investors With Major Gas Discovery In Iraq Posted: 26 Jan 2011 01:33 AM PST Heritage Oil (LON:HOIL) , the FTSE 250 oil and gas group, surprised shareholders today with news that its Miran West-2 well in the Kurdistan region of Iraq had made a major gas discovery – possibly the largest in the country for 30 years. Heritage had been expecting the well to deliver an oil discovery, helping to firm up its estimates of contingent and prospective oil resources on its 75%-held Miran block to 1bn barrels of oil equivalent. As it is, the company has revised those figures down … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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