Friday, January 28, 2011

DailyMarkets.com - Ford Slips, Shows Yearlong Strength

DailyMarkets.com - Ford Slips, Shows Yearlong Strength


Ford Slips, Shows Yearlong Strength

Posted: 28 Jan 2011 09:55 AM PST

Ford Motor Co. (NYSE:F) posted a 24% fall in profit to $1.2 billion or 30 cents per share (before special items) in the fourth quarter of 2010 from $1.58 billion or 43 cents per share (before special items) in the same quarter of 2009. With this, the automaker has missed the Zacks Consensus Estimate by 19 cents per share.
The decline in profit was attributable to lower year-over-year revenues generated by the company's automotive operations as well as the financial arm. Total revenue during the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


QLogic Beats, Shares Rise

Posted: 28 Jan 2011 09:55 AM PST

A leading supplier of high performance network infrastructure solutions, QLogic Corp. (NASDAQ:QLGC) reported third quarter 2011 results (both earnings and revenues) that beat the Zacks Consensus Estimates. Given the upbeat results, share price rose 1.36% and closed at $17.93.
Revenues of $155.8 million were slightly above the Zacks Consensus Estimate of $155.0 million, and earnings per share (EPS) of 45 cents (including stock-based compensation but excluding one-time charges) beat the Zacks … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Chevron Maintains Big Oil Momentum

Posted: 28 Jan 2011 09:35 AM PST

U.S.energy behemoth Chevron Corp. (CVX) reported a jump in its fourth-quarter 2010 profits, benefiting from higher oil prices and stronger refining margins.
Earnings per share (excluding adjustments for downstream asset sales and foreign-currency effects) came in at $2.49, above the Zacks Consensus Estimate of $2.39 and the year-ago adjusted profit of $1.57.
Following ConocoPhillips (COP), Chevron stepped up as the second member of 'Big Oil' to post solid results. ExxonMobil (XOM), BP plc … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Fourth Quarter Real GDP: Better Than The Number

Posted: 28 Jan 2011 09:19 AM PST

As I have noted previously, recent quarterly real GDP growth has arguably been weaker than the headline number because inventory "investment," which is tricky to interpret, contributed substantially to the growth. That was the case for the five quarters prior to the fourth quarter. Another way of saying it is that real final sales have been substantially below the real GDP numbers.
That reversed big time in the fourth quarter. A decline in inventories trimmed a whopping 3.9 percentage … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Honeywell Beats Squarely

Posted: 28 Jan 2011 09:15 AM PST

Honeywell International Inc. (NYSE:HON) released its fourth quarter 2010 earnings result before the opening bell today, reporting earnings from continuing operations of 87 cents, outperforming the Zacks Consensus Estimate of a loss of 24 cents. The company witnessed particularly strong growth in its short cycle businesses, such as turbochargers and general industrial products.
Revenue
Total revenue in the quarter increased 12% year over year to $9 billion, above the Zacks Consensus Estimate of … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Amazon Revenue Miss Is Marginal

Posted: 28 Jan 2011 09:15 AM PST

Amazon.com (NASDAQ:AMZN) missed revenue expectations by a sliver, but easily beat on the bottom line.

Amazon.com's fourth quarter earnings beat the Zacks Consensus Estimate by 3 cents, or 3.4%. However, what preyed on investor sentiments was the company's revenues, which were just 0.2% short of the Zacks Consensus Estimate. This caused share prices to crash (down 9.38%) in the after-market.

We think analysts were factoring in a higher growth rate in the International business, which Amazon … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Risk Aversion On Egypt Protests Overwhelms Recent EUR Strength

Posted: 28 Jan 2011 09:06 AM PST

We broke some important technical levels, a support trendline in the EUR/JPY that had held since January 11th for instance.

The main story is the concern about the situation in Egypt, were protests have escalated and Egypt has had to take drastic measures like cut off the internet to quell the spread of the protests.
It has become the major story, here's a MarketWatch video on the protests:

European Stocks pare Week's Gains
From Bloomberg: European Stocks Erase Weekly … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Myriad: EPS In-line, Beats On Revs

Posted: 28 Jan 2011 09:05 AM PST

Myriad Genetics (NASDAQ:MYGN) reported an EPS of 26 cents for the second quarter of fiscal 2011, in-line with the Zacks Consensus Estimate. However, the EPS was 27.8% lower compared to 36 cents in the year-ago period.
Revenues were $100.4 million, up 8% compared with the year-ago quarter's $92.8 million and higher than the Zacks Consensus Estimate of $99.0 million. Despite an 8% growth in revenues, Myriad's EPS was lower compared to the year-ago quarter due to a decline in interest income, … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Positive Phase IV Data On Nuvigil

Posted: 28 Jan 2011 09:05 AM PST

Cephalon, Inc. (NASDAQ:CEPH) recently presented positive data on Nuvigil from a six-week, multi-center, double-blind phase IV study that was conducted in patients suffering from excessive sleepiness associated with shift work disorder, especially during the end of their night shifts.
Results from the study showed that patients in the Nuvigil arm experienced a statistically significant difference in improvement in overall clinical condition related to late-shift sleepiness compared to … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/USD Down At The End Of European Session

Posted: 28 Jan 2011 08:58 AM PST

Forex Pros – The Euro was lower against the U.S. Dollar on Friday after the release of U.S. data on GDP.

EUR/USD was trading at 1.3603, down 0.95% at time of writing.

The pair was likely to find support at 1.3540, Monday's low, and resistance at 1.3758, Thursday's high.

Earlier in the day, preliminary official data showed that Gross domestic product in the U.S. rose less-than-expected to a seasonally adjusted annual rate of 3.20% in the last quarter from 2.60% in the preceding … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/USD Down Toward The End Of European Session

Posted: 28 Jan 2011 08:38 AM PST

Forex Pros – The Euro was lower against the U.S. Dollar on Friday.

EUR/USD was trading at 1.3628, down 0.77% at time of writing.

The pair was likely to find support at 1.3540, Monday's low, and resistance at 1.3758, Thursday's high.

Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.20% to hit 0.8604 and EUR/JPY falling 1.68% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Host Hotels To Host A NY Hotel

Posted: 28 Jan 2011 08:35 AM PST

Host Hotels & Resorts Inc. (NYSE:HST), the largest lodging real estate investment trust (REIT) in the U.S., has recently decided to acquire New York Helmsley Hotel for $313.5 million. The 775-room upscale hotel is strategically located in the heart of midtown Manhattan in close proximity to the various tourist spots such as the Grand Central Station, the United Nations Headquarters, the Midtown Tunnel and the Chrysler Building. The transaction is expected to conclude by March 2011.
The … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Why 2011 Will Not Be The Easy Year Most Investors Expect

Posted: 28 Jan 2011 08:34 AM PST

Yesterday came news that Standard & Poor's had lowered Japan's credit rating, as the country failed to cut government spending or raise taxes. But the real news for me Thursday was a report from Moody's Investors Service saying that it may place a negative outlook on the U.S.'s credit rating unless the U.S. budget deficit narrows. Could you imagine the havoc a downgrading of the U.S.'s credit rating will have on U.S. Treasuries and interest rates?

I've been writing for … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Australian Dollar: Caution

Posted: 28 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: 28 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: 28 Jan 2011 08:18 AM PST

Forex Pros – The U.S. Dollar was lower against the Japanese Yen on Friday after the release of U.S. data on GDP.

USD/JPY was trading at 82.18, down 0.88% at time of writing.

The pair was likely to find support at 81.98, Tuesday's low, and resistance at 83.20, Thursday's high.

Earlier in the day, preliminary official data showed that Gross domestic product in the U.S. rose less-than-expected to a seasonally adjusted annual rate of 3.20% in the last quarter from 2.60% in the preceding … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Earnings Preview: Northrop Grumman

Posted: 28 Jan 2011 08:17 AM PST

Los Angeles-based leading shipbuilder and defense contractor Northrop Grumman Corporation (NYSE:NOC) is among the last of the major defense players yet to release its fourth quarter and fiscal 2010 numbers. The company is slated to release its fiscal 2010 numbers on February 9, 2011.
The Zacks Consensus Estimate for the fourth quarter is $1.01, representing a year-over-year decrease of 19.8%. The Zacks Consensus Estimate for 2010 is $5.98, up 17.5%. Northrop Grumman has had a mixed track record … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Vaccines Pull Down NVS Q4 Earnings

Posted: 28 Jan 2011 08:17 AM PST

Novartis (NVS) reported earnings per share of $1.14 for the fourth quarter of 2010, much below the Zacks Consensus Estimate of $1.21 and the year-earlier earnings of $1.26 per share. The substantial drop from the base period was due to robust profits booked in 2009 from windfall sales of H1N1 flu vaccines, not repeated in the current year. High spending in the quarter also affected the earnings performance.
Fourth quarter revenues were up 10% from the prior-year quarter to $14.2 billion. Total … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Thoratec Results Miss Estimates

Posted: 28 Jan 2011 08:17 AM PST

Thoratec Corp. (NASDAQ:THOR) reported fourth-quarter fiscal 2010 adjusted (excluding one-time items) earnings per share of 25 cents, missing the Zacks Consensus Estimate of 27 cents while surpassing the year-ago results of 24 cents. For fiscal 2010, adjusted earnings per share of $1.12 beat the Zacks Consensus Estimate by a penny.
Reported net income from continuing operations rose a sharp 56% year over year to $12.6 million (or 21 cents per share). Results from continuing operations for both the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


HCN Stable In Dividend Payouts

Posted: 28 Jan 2011 08:17 AM PST

Health Care REIT Inc. (NYSE:HCN), a real estate investment trust (REIT) that operates senior housing and health care real estate assets, has recently declared a fourth quarter cash dividend of 69 cents per share. The dividend marks the 159th consecutive quarterly payment of the company since its inception in 1970.
The latest dividend payout by Health Care REIT reinforces industry expectations of seeing Health Care take a lead in dividend payment in the overall U.S. REIT in 2011. According to data … [visit site to read more] or compare Best Credit Cards and Best CD Rates


EUR/USD Weekly Update – Topping At 1.3755? 1.3540 Holds Key Support

Posted: 28 Jan 2011 08:12 AM PST

Previous post (1/27): EUR/USD's Bearish Outlook has Upside  Risk…
EUR/USD

- The EUR/USD is kicking off a decline this Friday staying below the 1.3757 high, and breaking below the 1.3640 support.
- The 1H RSI chart finally broke below 40 as well, and about to tag 30 for a bearish momentum breakout signal.
- The current target is 1.3540. A break below that opens up 1.34, and 1.3250.
- The 4H chart shows a strong bearish candle developing. A break below the recent rising trendline … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – GBP/USD Down Toward The End Of European Session

Posted: 28 Jan 2011 07:53 AM PST

Forex Pros – The British Pound was lower against the U.S. Dollar on Friday.

GBP/USD was trading at 1.5831, down 0.61% at time of writing.

The pair was likely to find support at 1.5752, Tuesday's low, and resistance at 1.6018, Tuesday's high.

Meanwhile, the British Pound was up against the Euro and down against the Japanese Yen, with EUR/GBP shedding 0.17% to hit 0.8607 and GBP/JPY falling 1.36% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Trading: GBPUSD Moving Lower On Dollar Buying. Stay Below 1.5857

Posted: 28 Jan 2011 07:47 AM PST

 The GBPUSD is moving lower with the general flight to quality/safety that is prevailing in the market today. They price has moves through the 50% and 61.8% fibo support levels at 1.5869 and 1.5841 and has moved to test the ceiling high levels from Tuesdays trade.  That level came in at 1.5831 and the low has so far been 1.5832. A break of the 1.5832 is likely to solicit additional selling with trendline support at 1.5816 the next target. Below that level the weeks low at 1.5749 and … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Yields Rally On U.S. Ratings Threat After Q4 Spending Surge

Posted: 28 Jan 2011 07:47 AM PST

A further pick-up in growth in the world’s leading economy might not have driven yields higher at the end of the week had it not been for an earlier warning from Moody’s. The credit ratings agency warned that the clock was ticking for the U.S. to cut its budget deficit, which has surged relative to output over just three years. As the economy expands and as investors sense the Fed will ultimately step away from its period of excessively loose policy, the two-to-30-year curve reached a record … [visit site to read more] or compare Best Credit Cards and Best CD Rates


GBP/JPY Weekly Update – In Expansion; Price Action Bearish

Posted: 28 Jan 2011 07:44 AM PST

Previous post (1/27): GBP/JPY Respects 129.50…
GBP/JPY

- The GBP/JPY pair has been in a channel with a slight bearish tilt seen in the daily. The swing from 125.55 area to 132.50 is probably an a-b-c swing, and can be topping before a downswing to continue the dynamic within the large channel.
- The 4H chart shows that we have not started a bearish impulse wave, although the current downswing can develop into the 1st downswing in an impulse wave.
- Before confirming that, we can still see … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Opening Bell Market Monitor: AMZN, CVX, F, HON, MSFT

Posted: 28 Jan 2011 07:39 AM PST

01/28/11 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


Forex – EUR/USD Down During The European Session

Posted: 28 Jan 2011 07:28 AM PST

Forex Pros – The Euro was lower against the U.S. Dollar on Friday after the release of U.S. data on GDP.

EUR/USD was trading at 1.3664, down 0.51% at time of writing.

The pair was likely to find support at 1.3540, Monday's low, and resistance at 1.3758, Thursday's high.

Earlier in the day, preliminary official data showed that Gross domestic product in the U.S. rose less-than-expected to a seasonally adjusted annual rate of 3.20% in the last quarter from 2.60% in the preceding … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Trading: EURUSD Moves Below The 100 Hour MA

Posted: 28 Jan 2011 07:25 AM PST

Mixed Earnings For Ford

Posted: 28 Jan 2011 07:00 AM PST

01/28/11 The Ford Motor Company posted mixed earnings results Friday as annual net income hit its highest point in 10 years while earnings still fell short of … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – GBP/JPY Down During The European Session

Posted: 28 Jan 2011 06:38 AM PST

Forex Pros – The British Pound was lower against the Japanese Yen on Friday.

GBP/JPY was trading at 130.87, down 0.90% at time of writing.

The pair was likely to find support at 129.53, Wednesday's low, and resistance at 132.67, Thursday's high.

Meanwhile, the British Pound was down against the U.S. Dollar and up against the Euro, with GBP/USD shedding 0.21% to hit 1.5894 and EUR/GBP falling 0.03% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/USD Down On Economic Data

Posted: 28 Jan 2011 05:48 AM PST

Forex Pros – The Euro was lower against the U.S. Dollar on Friday after the release of U.S. data on GDP.

EUR/USD was trading at 1.3708, down 0.19% at time of writing.

The pair was likely to find support at 1.3540, Monday's low, and resistance at 1.3758, Thursday's high.

Earlier in the day, preliminary official data showed that Gross domestic product in the U.S. rose less-than-expected to a seasonally adjusted annual rate of 3.20% in the last quarter from 2.60% in the preceding … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – NZD/USD Up During The European Session

Posted: 28 Jan 2011 05:48 AM PST

Forex Pros – The New Zealand Dollar was higher against the U.S. Dollar on Friday.

NZD/USD was trading at 0.7772, up 0.65% at time of writing.

The pair was likely to find support at 0.7568, Monday's low, and resistance at 0.7793, today's high.

Meanwhile, the New Zealand Dollar was up against the Australian Dollar and the Euro, with AUD/NZD shedding 0.09% to hit 1.2830 and EUR/NZD falling 0.83% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


U.S. GDP Rises Less-than-expected

Posted: 28 Jan 2011 05:38 AM PST

Gross domestic product in the U.S. rose less-than-expected in the last quarter, preliminary official data showed on Friday.

In a report, the Bureau of Economic Analysis said that GDP rose to a seasonally adjusted annual rate of 3.20%, from 2.60% in the preceding quarter.

Analysts had expected U.S. gross domestic product to rise 3.60% in the last … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/CHF Down During The European Session

Posted: 28 Jan 2011 05:23 AM PST

Forex Pros – The Euro was lower against the Swiss Franc on Friday.

EUR/CHF was trading at 1.2939, down 0.36% at time of writing.

The pair was likely to find support at 1.2827, Tuesday's low, and resistance at 1.3069, Monday's high.

Meanwhile, the Euro was down against the U.S. Dollar and the Japanese Yen, with EUR/USD shedding 0.11% to hit 1.3719 and EUR/JPY falling 0.87% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – USD/CAD Up During The European Session

Posted: 28 Jan 2011 04:58 AM PST

Forex Pros – The U.S. Dollar was higher against the Canadian Dollar on Friday.

USD/CAD was trading at 0.9948, up 0.12% at time of writing.

The pair was likely to find support at 0.9912, Tuesday's low, and resistance at 1.0005, Tuesday's high.

Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.10% to hit 1.3720 and GBP/USD falling 0.04% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/GBP Down During The European Session

Posted: 28 Jan 2011 03:58 AM PST

Forex Pros – The Euro was lower against the British Pound on Friday.

EUR/GBP was trading at 0.8617, down 0.06% at time of writing.

The pair was likely to find support at 0.8493, Monday's low, and resistance at 0.8672, Wednesday's high.

Meanwhile, the Euro was down against the U.S. Dollar and the Japanese Yen, with EUR/USD shedding 0.05% to hit 1.3727 and EUR/JPY falling 0.76% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – GBP/CHF Down During The European Session

Posted: 28 Jan 2011 03:28 AM PST

Forex Pros – The British Pound was lower against the Swiss Franc on Friday.

GBP/CHF was trading at 1.4981, down 0.53% at time of writing.

The pair was likely to find support at 1.4863, Tuesday's low, and resistance at 1.5367, Monday's high.

Meanwhile, the British Pound was down against the U.S. Dollar and the Euro, with GBP/USD shedding 0.33% to hit 1.5876 and EUR/GBP rising 0.34% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Kalahari Minerals Upbeat As Extract Clears Environmental Hurdle For Husab Project

Posted: 28 Jan 2011 02:10 AM PST

Kalahari Minerals (LON:KAH) , the AIM listed resource group that holds a major stake in ASX listed mining company Extract Resources (ASX: EXT), reported this morning that the Namibian government had approved the Environmental Impact assessment for Extract's Husab Uranium Project mining licence area. A separate EIA is in progress for the linear infrastructure for which public consultation is scheduled in April and May. Extract is 41.08% owned by Kalahari and is widely thought to be working on … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Weekly FTSE Market Report: British GDP Figures Send A Chill Through The FTSE 100

Posted: 28 Jan 2011 02:00 AM PST

It was a choppy week for the FTSE-100 (UKX) this week. Chancellor George Osborne reportedly blamed the weather for an unexpected half percent contraction in the size of the UK economy during the fourth quarter of last year. Whether or not his assessment was correct, the figures sent a chill through the market.  Supporting Osborne's view, the UK's Office for National statistics blamed December's snow for a market decrease in pre-Christmas trading, with advisory firm Deloitte … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Caza Oil Amp; Gas Begins Drilling On Windham Prospect In Texas

Posted: 28 Jan 2011 01:30 AM PST

Caza (LON:CAZA) , the US based oil and gas group, reported this morning that development drilling was underway the Windham prospect in Upton County, Texas. Devon Energy, the well operator, commenced drilling of the Caza 158 #2 well on January 23, 2011. The well is designed to drill to a total depth of approximately 11,100 feet to test the Spraberry, Wolfcamp, Penn and Atokaformations and should take approximately 35 days to drill. The prospect covers approximately 1,318 net acres and should … [visit site to read more] or compare Best Credit Cards and Best CD Rates


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