Wednesday, January 19, 2011

DailyMarkets.com - Goldman Beats On Fundamentals

DailyMarkets.com - Goldman Beats On Fundamentals


Goldman Beats On Fundamentals

Posted: 19 Jan 2011 09:35 AM PST

The Goldman Sachs Group Inc.'s (NYSE:GS) fourth quarter 2010 earnings per share of $3.79 outpaced the Zacks Consensus Estimate of $3.73. In spite of challenging economic conditions, the company stood to gain from a solid balance sheet and global clients. Goldman's results were nevertheless affected by poor performance in Investment Banking and significantly higher operating expenses.
Net income in the quarter was $2.4 billion, compared with $1.9 billion in the prior quarter and $4.9 billion in … [visit site to read more] or compare Best Credit Cards and Best CD Rates


ProLogis Signs North American Lease

Posted: 19 Jan 2011 09:35 AM PST

ProLogis (NYSE:PLD), a leading global provider of distribution facilities, has recently signed two new lease agreements spanning about 706,000 square feet in North America. The continued leasing activities in the region show signs of stabilization in the industrial property market and ProLogis remains upbeat about a strong 2011.
About 562,000 square feet were leased to an unnamed distributor in Ontario, California. With the deal, the facility is currently 100% leased. The lessee will occupy the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Ford To Revamp Kansas City Plant

Posted: 19 Jan 2011 09:35 AM PST

Ford Motor Co. (NYSE:F) announced that it will invest $400 million in order to revamp its Kansas City Assembly Plant in Missouri. With this upgrade, the automaker has vowed to retain 3,750 full-time jobs at the plant.
The company also plans to roll out a new vehicle from the plant in early 2013 as it will cease manufacturing the Escape sports utility vehicle later this year or in early 2012. Rumors are around that Ford may build the full-size Transit van at the plant, which are sold in Europe.
The … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Housing Starts Down, Permits Up

Posted: 19 Jan 2011 09:35 AM PST

Housing Starts fell in December to a seasonally adjusted annual rate of just 529,000 from 553,000 in November, a fall of 4.3%. The November numbers were revised slightly lower from 555,000, so it is possible to see the decline as 26,000. Relative to a year ago they are down 8.2%. Quite frankly, a year ago was a pretty lousy time for the home builders as well.

If one looks at only single-family houses, the decline was even worse — falling to 417,000 from 458,000 in November, a drop of 9.0%. … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Boeing: Dreamliner Delayed Again

Posted: 19 Jan 2011 09:15 AM PST

The Boeing Company’s (NYSE:BA) long-in-the-making 787 Dreamliner series passenger jetliner's delivery has been delayed further to the third quarter of 2011 from the expected delivery in the first quarter of the current fiscal. The snag was due to the impact of an in-flight incident during testing in November 2010.
In November 2010, one of the six 787 series test aircraft caught  fire on board forcing it to lose power and make an emergency landing in Texas. The company has grounded all six … [visit site to read more] or compare Best Credit Cards and Best CD Rates


$100 Oil To Play Spoil Sport?

Posted: 19 Jan 2011 09:05 AM PST

Paris-based International Energy Agency ("IEA") has raised its 2010 and 2011 world oil demand outlook, citing the impact of buoyant global economic growth and frigid weather conditions in the northern hemisphere. In a report, the energy-monitoring body of 28 industrialized countries estimated that global oil demand would increase by 1.6% (or 1.4 million barrels per day) annually, reaching 89.1 million barrels a day in 2011 from last year's 87.7 million barrels a day.
IEA's latest … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Limited Brands Balances Risk-Reward

Posted: 19 Jan 2011 09:05 AM PST

Limited Brands Inc.'s (NYSE:LTD) constant focus on cost containment, inventory management and merchandise initiatives has kept it afloat in a sluggish retail environment. Management also expects gross margin to improve in the year driven by an improvement in the merchandise margin rate.
Limited Brands' Bath & Body Works segment is gaining traction, driven by a rise in store transactions, enhancement in the direct channel business and growth in new stores. Victoria's Secret Stores … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Using Double Calendar Spreads To Capitalize On Earnings

Posted: 19 Jan 2011 08:59 AM PST

IBM will report earnings after the closing bell on Tuesday, January 18. For traders maintaining a position in common stock during earnings releases and the frequent price gyrations can result in uncomfortable moments.
Earnings releases for the options trader do not force us to take a position in which we must correctly predict the direction of price action stemming from the earnings release. By exploiting the typical changes in option pricing that reliably and reproducibly occur as earnings … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Trading: AUDUSD Keeps The Bullish Momentum Alive

Posted: 19 Jan 2011 08:54 AM PST

The AUDUSD broke to the upside earlier today taking the price to a new move high at 1.0076. However, over the last four hours the pair has been retracing/correcting lower.  The pair has found dip buyers against the trendline which keeps the bullish bias.  The price should continue the trend higher with stops on a break of the trendline.   If the trendline is broken, expect further momentum selling as the price moves away from the key support … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Trading: EURUSD Defines The Boundaries. Bulls Need To Prove They Are Still In Charge

Posted: 19 Jan 2011 08:38 AM PST

The EURUSD has defined the boundaries for the pair on an intraday basis.  Resistance comes in against the 1.3498-1.3500 level. On the downside support comes in at 1.3473-79 where trendline support and the 100 bar MA on the 5 minute chart is found.  The ranges are getting more contained and when this happens, typically you can look for a break.  The pair is bullish above the 100 bar MA (blue line in the chart above) but it still needs to show the will and momentum to get above … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Cabela’s To Open Store In Wichita

Posted: 19 Jan 2011 08:35 AM PST

Cabela's Inc. (NYSE:CAB) recently announced plans to open an 80,000-square-foot store at Regency Lakes Shopping Center in Wichita, Kansas, the home of big retailers such as Super Target and World Market stores as well as Hampton Inn & Suites.
The construction work is scheduled to commence in late July 2011, and is slated to be operational in early spring of 2012. This marks the second retail store of Cabela's in Kansas, which is celebrating its 50th anniversary this year.
Cabela's, a … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Kinetic To Address Pressure Ulcers

Posted: 19 Jan 2011 08:35 AM PST

Recently, Kinetic Concepts (NYSE:KCI) has launched VAC GranuFoam Bridge XG dressing, which provides better coverage to the large wounds requiring bridging, including difficult-to-access pressure ulcers. Studies have shown that V.A.C. therapy could provide a new angle to the treatment of pressure ulcers. There is immense market potential in the field of pressure ulcers as approximately 2.5 million patients are treated each year in acute care facilities.
The company is confident that the new … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – Dollar Down Vs. Most Rivals After Mixed U.S. Housing Data

Posted: 19 Jan 2011 08:31 AM PST

Forex Pros – The U.S. dollar was down against most of its major counterparts on Wednesday, after U.S. housing data painted a mixed picture of the U.S. economic recovery.

During European late afternoon trade, the greenback was down against the euro, with EUR/USD surging 0.79% to hit 1.3492.

Successful short-term debt sales by Germany and Portugal earlier in the day as well as reported Asian sovereign buying helped support the single currency.

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


Record 1Q For Apple

Posted: 19 Jan 2011 08:24 AM PST

Apple Inc. (NASDAQ:AAPL) reported stellar first quarter 2011 results with better-than-expected quarterly revenues and earnings, which flew past the bullish Zacks Consensus Estimate. The upbeat quarter results were fueled by strong iPhone sales, record Mac sales and increased iPad sales, as unit shipments remain robust.
The outlook for Mac, iPad and iPhone 4 remains extremely strong, backed by demand in domestic and international markets, boding well for Apple’s revenues and earnings.
Given upbeat … [visit site to read more] or compare Best Credit Cards and Best CD Rates


State Street Surpasses Estimates

Posted: 19 Jan 2011 08:24 AM PST

State Street Corporation's (NYSE:STT) fourth quarter 2010 operating earnings of 87 cents per share were ahead of the Zacks Consensus Estimate of 85 cents. The results also compare favorably with the prior quarter earnings of 86 cents and the prior-year quarter earnings of 71 cents.
For the fiscal year 2010, operating earnings of $3.40 per share were ahead of the Zacks Consensus Estimate of $3.39 and the prior year earnings of $3.32.
Operating results, however, exclude certain discount accretion … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Standard Motor Hikes Dividend

Posted: 19 Jan 2011 08:24 AM PST

Standard Motor Products Inc. (NYSE:SMP) announced that it has raised its quarterly dividend by 40% from 5 cents per share to 7 cents per share. The increased dividend will be paid on March 1, 2011 to shareholders of record as of February 15, 2011.
Standard Motor had suspended its quarterly dividend payment in 2009 due to the global economic crisis. However, the company's board reinstated its dividend at 5 cents per share in January last year.
Standard Motor Products enjoys strong brand … [visit site to read more] or compare Best Credit Cards and Best CD Rates


FMC Tech Gets TOTAL Project Of $80M

Posted: 19 Jan 2011 08:23 AM PST

Oil drilling equipment maker FMC Technologies Inc. (FTI) announced the receipt of an $80 million contract (Option 3 – Girassol Infills) from French oil major TOTAL SA (TOT). The deal calls for FMC Technologies to manufacture and supply subsea production systems to TOTAL-operated Girassol Resource Initiative (GirRI) project in Block 17 development, located offshore Angola in the Gulf of Guinea. Till date, the GirRI project has reached a total value of approximately $180 million in revenue to the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – GBP/USD Pares Gains After Mixed U.K. Jobs Data

Posted: 19 Jan 2011 08:23 AM PST

Forex Pros – The pound pared gains against the U.S. dollar on Wednesday, pulling back from the daily high, following the release of mixed U.K. employment data.

GBP/USD retreated from 1.6038 the daily high, to hit 1.5981 during European late afternoon trade, gaining 0.1%.

Cable was likely to find support at 1.5949, the day's low and short-term resistance at 1.6058, Tuesday's high and an eight week high.

The Office for National Statistics said the number of people claiming jobless … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Dollar Trades At Eight Week Low Versus Euro

Posted: 19 Jan 2011 08:15 AM PST

01/19/11 The US dollar continued its steady decline against the euro this session, falling to an eight week … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Crude Rises On Dollar Decline, Global Equity Rally

Posted: 19 Jan 2011 03:00 AM PST

01/19/11 Front month crude prices continued their rally this session, nearly touching $93 a barrel, following another slide in the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/USD Trims Gains As Mixed U.S. Data Dents Risk Appetite

Posted: 19 Jan 2011 07:46 AM PST

Forex Pros – The euro trimmed gains against the U.S. dollar on Wednesday, easing off an eight week high as U.S. data painted a mixed picture of the economic recovery and dented risk appetite.

EUR/USD retreated from 1.3538, the pair's highest since November 23, to hit 1.3474 during European late afternoon trade, gaining 0.66%.

The pair was likely to find support at 1.3252, Tuesday's low and short-term resistance at 1.3538, the days high.

Earlier Wednesday, official data showed that the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Equity Slippage Draws Bond Buyers Back

Posted: 19 Jan 2011 07:43 AM PST

Fixed income buyers are dragging their heels midweek as investors mull the prospects for a rosier outcome from a two-day meeting of European finance ministers. In North America the perceived need to the safety of government paper is becoming overlooked and allowing yields to rise as inflationary arguments around the world swirl. However, weakness in equity prices, albeit following a strong start to the year, saw buyers resurface by mid-morning in New York.
European bond markets – A German … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Bank Of New York Mellon Releases Strong 4Q Profit Report

Posted: 19 Jan 2011 02:29 AM PST

01/19/11 On Wednesday, Bank of New York Mellon Corp. (BK) announced that its 4Q net profit rose … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Opening Bell Market Monitor: GS, WFC, C, AAPL, IBM

Posted: 19 Jan 2011 02:25 AM PST

01/19/10 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


Falkland Oil And Gas Sets Out Plans For Further Exploration

Posted: 19 Jan 2011 01:31 AM PST

Falkland Oil amp; Gas (LON:FOGL) (FOGL) , the exploration company operating in the Falkland Islands, has set out its plans to begin work again following the disappointment last July of a dry well drilled on the Toroa prospect. The company said it was set to carry out a site survey of its 100% owned southern licences during the first half of this year and may conduct a 1,300km 2D seismic survey in order to help it identify new prospects. Negotiations are understood to be underway over … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Random Stock Selection Again Beats The Index

Posted: 18 Jan 2011 11:19 AM PST

For the past couple of years, I have played an imaginary game called “Perpetual Options”. The game involves selecting a hypothetical portfolio of 15 low priced stocks at random, pretending to invest $2000 in each and seeing how the portfolio performed over the next 12 months.
I started the game at the depths of the Financial Crisis in February 2009 because a friend, who is extremely conservative, rattled off all the reasons why individual investors shouldn’t be in the stock market. While the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


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