Friday, January 21, 2011

DailyMarkets.com - Graphics Save AMD’s Day

DailyMarkets.com - Graphics Save AMD’s Day


Graphics Save AMD’s Day

Posted: 21 Jan 2011 12:05 PM PST

Advanced Micro Devices (NYSE:AMD) reported fourth quarter earnings of 14 cents a share, beating the Zacks Consensus Estimate of 11 cents.The positive surprise was nowhere near the levels noticed in the four preceding quarters. Share prices traded 1.13% higher during the day, but dropped off 0.25% after-hours, reflecting disappointment in the performance.
AMD definitely lost ground to Intel Corp. (NASDAQ:INTC) in the server area and it really looks as if aggressive pricing also impacted the business. … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Dejour (DEJ) Announces Formation Of Joint Venture

Posted: 21 Jan 2011 12:05 PM PST

Steve Ralston, CFA

Dejour (DEJ) announced the formation of a joint venture for the exploration and production of deep oil on its Woodrush property. Importantly for Dejour, the yet-to-be-named partner will fund most of the exploration costs, along with additional land purchases. This is an important step for Dejour, which outlines the structure of future JVs for the company at Gibson Gulch, and reduces the risk level for the financing of exploration costs.

The company also presented an update … [visit site to read more] or compare Best Credit Cards and Best CD Rates


PPG Improves, Beats Estimate

Posted: 21 Jan 2011 12:05 PM PST

PPG Industries Inc. (NYSE:PPG) reported net income (GAAP) of $205 million or $1.24 per share in the fourth quarter of 2010 compared with $142 million or 85 cents per share in the year-ago quarter. However, adjusted net income was $207 million or $1.25 per share versus $144 million or 86 cents per share during the fourth quarter of 2009.
The adjustments included after-tax charges of $2 million or 1 cent per share associated with the company's pending court proceedings related to the proposed … [visit site to read more] or compare Best Credit Cards and Best CD Rates


PPG Improves, Beats Estimate

Posted: 21 Jan 2011 12:05 PM PST

PPG Industries Inc. (NYSE:PPG) reported net income (GAAP) of $205 million or $1.24 per share in the fourth quarter of 2010 compared with $142 million or 85 cents per share in the year-ago quarter. However, adjusted net income was $207 million or $1.25 per share versus $144 million or 86 cents per share during the fourth quarter of 2009.
The adjustments included after-tax charges of $2 million or 1 cent per share associated with the company's pending court proceedings related to the proposed … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Looking Beyond The Obvious Benefactors From The China Deal

Posted: 21 Jan 2011 12:05 PM PST

Ken Nagy, CFA

Looking Beyond the Obvious Benefactors from the China Deal

When news that the US had signed a $45bn export deal with China, amid an official state visit by China’s President Hu Jintao, to the United States the market responded to the handful of key American companies that would be affected. Take Boeing for example. The trade deal includes a $19bn purchase of 200 Boeing aircraft.

Perhaps we should look beyond the obvious benefactors to unearth some rare … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Wipro Matches Estimates

Posted: 21 Jan 2011 12:05 PM PST

Wipro Ltd. (NYSE:WIT) reported earnings per share from continuing operations of 12 cents in the third quarter of 2011 matching the Zacks Consensus Estimate. Total revenue in the quarter was Rs.78.29 billion ($1.75 billion), up 12% over the corresponding prior-year period.
IT Services segment derived 76% of total revenue and 92% of operating income in the quarter.
Application Development and Maintenance revenues constituted 40.3% of the segment followed by Technology Infrastructure Services at … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Monitoring The “Risk Trade” With The Gold/Silver Ratio

Posted: 21 Jan 2011 11:53 AM PST

The gold/silver ratio is not just for gold bugs; it can help us monitor the appeal of the 'risk on' trade relative to the 'risk off' trade in many markets, including global stocks (SPY) and commodities (DBC).

While gold (GLD) and silver (SLV) are often grouped together in investment discussions, gold has more of an Armageddon appeal and silver has more of an industrial appeal. Generally, when the gold/silver ratio is rising, it signals higher levels of fear and concern … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Hot Option Plays: Market Up In Response To Earnings

Posted: 21 Jan 2011 11:41 AM PST

Cusick's Corner
The market is up (but has faded and is closer to the day's lows) in response to upside surprises from General Electric (NYSE:GE) (see Bullish Flow) and Google (NASDAQ:GOOG). Financials were the leading sector, even though Bank of America's (NYSE:BAC) earnings were not as strong as expected. It is Expiration Friday and volume could pick up in the afternoon session. Please call the optionsXpress trade desk early if you have any questions about your expiring option positions. See you … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Flextronics Beats On Higher Revenue

Posted: 21 Jan 2011 11:35 AM PST

A leading designer and provider of electronics manufacturing services, Flextronics International Ltd. (NASDAQ:FLEX) reported strong third quarter 2011 results with both revenues and earnings beating Zacks Consensus Estimates. Revenues and earnings both exhibited strong sequential and year-over-year growth.
Earnings per share including stock-based compensation but excluding intangible amortization and restructuring charges increased 53.3% year over year and 9.5% sequentially to 23 cents. This marks … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Parker Hannifin Tops

Posted: 21 Jan 2011 11:35 AM PST

Parker Hannifin Corporation (NYSE:PH) reported earnings per share from continuing operations of $1.39 for the second quarter of 2011, exceeding the Zacks Consensus Estimate of $1.30. Revenues for the quarter were $2.9 billion, up 21.7% year over year, ahead of the Zacks Consensus Estimate of $2.73 billion.
In the Industrial North America, segment sales in the most recent quarter, increased 23.4% year over year to $1.0 billion with operating income of $159.4 million, up 39.3%.
In the Industrial … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/USD Up During The U.S. Session

Posted: 21 Jan 2011 11:15 AM PST

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

EUR/USD was trading at 1.3595, up 0.90% at time of writing.

The pair was likely to find support at 1.3245, Monday's low, and resistance at 1.3603, 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 0.48% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


TCF Falls A Penny Short On Low Margin

Posted: 21 Jan 2011 11:05 AM PST

TCF Financial Corporation's (NYSE:TCB) fourth quarter 2010 earnings came in at 22 cents per share, a penny short of the Zacks Consensus Estimate of 23 cents. This compares unfavorably with the earnings of 26 cents in the prior quarter and favorably with 15 cents in the prior-year quarter.
For fiscal year 2010, TCF reported net income of $1.05 per share, down from the Zacks Consensus Estimate of $1.06. However, this compares favorably with 54 cents reported in the prior year.

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


SunTrust: Better 4Q, Deeper Trust

Posted: 21 Jan 2011 11:05 AM PST

SunTrust Banks Inc.'s (NYSE:STI) fourth quarter earnings of 23 cents per share were substantially ahead of the Zacks Consensus Estimate of 10 cents. This represents SunTrust's second straight quarter of profit after incurring significant losses since mid-2008. This also compares favorably with a loss of 64 cents in the year-ago quarter.
Results for the quarter primarily benefited from a rise in top line along with continuous declines in provision for credit losses and a strong capital … [visit site to read more] or compare Best Credit Cards and Best CD Rates


First Horizon Tumbles On TARP Repay

Posted: 21 Jan 2011 11:05 AM PST

First Horizon National Corporation (NYSE:FHN) has swung to a loss in the fourth quarter following the TARP repayment in late December. The company reported a loss of $49.0 million or 20 cents per share, significantly below the Zacks Consensus Estimate of a loss of 2 cents per share. Results, however, compared favorably with the prior-year quarter's loss of $70.6 million or 30 cents a share, a year ago.
Fourth results included a $63 million of negative impact associated with the company's exit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Friday Positive Economic News Roundup

Posted: 21 Jan 2011 10:39 AM PST

1. The U.S. hotel industry's occupancy increased last year by 5.7%, from 51.9% in 2009 to 57.6% in 2010. “2010 will be known as the year of demand recovery," said industry spokesman Mark Lomanno.

2. Shipping at the Port of Portland increased by 27.6% in 2010, and by 34.6% at the Port of Seattle.

3. Passenger traffic at Dulles International Airport increased by 4.7% in November 2001 compared to the same month in 2009. 

4. Hong Kong International Airport (HKIA) set new annual records … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Skyworks Misses By A Penny

Posted: 21 Jan 2011 10:35 AM PST

Skyworks Solutions, Inc. (NASDAQ:SWKS) posted a net income of $60.9 million or 32 cents in the first quarter of fiscal 2011, more than double from a net income of $28.0 million or 16 cents in the year-ago quarter. Excluding one-time items, but including stock-based compensation expenses, net income per share came in at 38 cents, missing the Zacks Consensus Estimate by a penny.
Revenues of $335.1 million were up 37% from the year-ago quarter and up 7% sequentially. The reported was slightly ahead of … [visit site to read more] or compare Best Credit Cards and Best CD Rates


APD Beats Consensus, Outlook Raised

Posted: 21 Jan 2011 10:35 AM PST

Air Products and Chemicals Inc. (NYSE:APD) reported excellent first quarter 2011 results. Net income was $275.9 million or $1.25 per share versus $256.8 million, or $1.19 per share in the year-ago period.
Reported net income was $296 million or $1.35 a share versus last year's $252 million or $1.16 per share. Results were a penny above the Zacks Consensus Estimate of $1.34 per share. Solid earnings growth was the result of higher revenues.
First quarter revenues leaped 10% year over year to … [visit site to read more] or compare Best Credit Cards and Best CD Rates


BB&T Runs Past Zacks Estimate

Posted: 21 Jan 2011 10:35 AM PST

BB&T Corporation's (NYSE:BBT) fourth quarter 2010 earnings came in at 30 cents per share, ahead of the Zacks Consensus Estimate of 26 cents. The results also compared favorably with the prior-year quarter's earnings of 27 cents per share.
For full year 2010, the company reported earnings of $1.16 per share, ahead of the Zacks Consensus Estimate of $1.13 and a cent above the prior year's earnings of $1.15 per share.
BB&T's results reflected better-than expected revenue, which was in … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – AUD/USD Up During The U.S. Session

Posted: 21 Jan 2011 10:35 AM PST

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

AUD/USD was trading at 0.9894, up 0.24% at time of writing.

The pair was likely to find support at 0.9833, Thursday's low, and resistance at 1.0078, Wednesday's high.

Meanwhile, the Australian Dollar was down against the Euro and the Japanese Yen, with EUR/AUD gaining 0.68% to hit 1.3744 and AUD/JPY falling 0.17% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Investor Appetite For China-Biotics Put Options Rises As Shares Nosedive

Posted: 21 Jan 2011 10:34 AM PST

Investor appetite for China-Biotics put options rises as shares nosedive
Today’s tickers: CHBT, JPM, ACOR & PLCM
China-Biotics, Inc. (CHBT) – Demand for put options on the food products company jumped at the start of the session and continued to grow throughout the trading day with shares of the probiotics products maker dropping as much as 15.7% to hit an intraday low of $14.90. As of 1:25pm, the overall reading of options implied volatility on the stock has climbed 108.1% to 124.23%. … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Airgas Beats Zacks, Hikes Guidance

Posted: 21 Jan 2011 10:05 AM PST

Airgas Inc. (NYSE:ARG) delivered an adjusted EPS of 80 cents in its third quarter fiscal 2011 ended December 31, 2010, reflecting a growth of 23% from 65 cents in the year-ago quarter and edging past the Zacks Consensus Estimate by a penny. EPS in the quarter was also at the high end of Airgas' third quarter earnings guidance range of 76 cents to 80 cents per share ascribed to solid revenue growth and effective cost management.
The adjusted EPS for the quarter under review excluded the per share … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – NZD/USD Up During The U.S. Session

Posted: 21 Jan 2011 10:00 AM PST

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

NZD/USD was trading at 0.7574, up 0.06% at time of writing.

The pair was likely to find support at 0.7528, today's low, and resistance at 0.7788, Wednesday's high.

Meanwhile, the New Zealand Dollar was down against the Australian Dollar and the Euro, with AUD/NZD gaining 0.14% to hit 1.3054 and EUR/NZD rising 0.77% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


European Markets Close Higher; Dax Up 0.54%

Posted: 21 Jan 2011 09:55 AM PST

Forex Pros – European stocks were up after the closing bell on Friday.

At the close of European trade, Germany's DAX rose 0.54%, London's FTSE 100 gained 0.48%, France's CAC 40 climbed 1.33% and the EURO STOXX 50 was up 1.47%.

Meanwhile, on Wall Street, equity markets were mixed after the open. The Dow Jones Industrial Average was up 0.30%; the S&P 500 index gained 0.33%, while the Nasdaq 100 index declined … [visit site to read more] or compare Best Credit Cards and Best CD Rates


The Tidal Waves Of Fear And Greed In Precious Metals

Posted: 21 Jan 2011 08:38 AM PST

With weather beaten gaze the fisherman scans the waters, watches and waits and then at the perfect moment, he casts his line. So we who are anglers for fish of silver and gold study the swirling waters and heave our hooks of small bait in hopes of catching the Big One.
The marketplace in precious metals is more complex than the ocean with its swirls and eddies and cunning currents designed to confound even the most skillful.  Yet the flows of fortune are constant if we but learn to read … [visit site to read more] or compare Best Credit Cards and Best CD Rates


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