Tuesday, January 11, 2011

DailyMarkets.com - InTEST (INTT) Revises Guidance Upward

DailyMarkets.com - InTEST (INTT) Revises Guidance Upward


InTEST (INTT) Revises Guidance Upward

Posted: 11 Jan 2011 09:35 AM PST

Ken Nagy, CFA

inTEST (INTT) Revises Guidance Upward

Yesterday after the market close inTEST provided an update to the Company’s outlook for the 2010 fourth quarter. The firm revised up net revenue, bookings and pre-tax income for the fourth quarter 2010.

Net revenue for the fourth quarter is now expected to be approximately $10.0 million. (Originally $8.8 million to $9.5 million)
Bookings for the fourth quarter are now expected to be approximately $11.5 million, up significantly from the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Supervalu Misses, Trims Outlook

Posted: 11 Jan 2011 09:35 AM PST

Supervalu Inc. (NYSE:SVU), one of the largest grocery chains in the United States, delivered lower-than-expected third-quarter 2011 earnings. The quarterly earnings of 24 cents a share plunged 52.9% compared with 51 cents posted in the year-ago period. The quarterly earnings also missed the Zacks Consensus Estimate of 31 cents.
Consequently, Supervalu lowered its full-year 2011 earnings guidance.  On the back of softer results and trimmed guidance the shares of Supervalu plummeted 10.6% to … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Lennar Strong, Low Revs Trivial

Posted: 11 Jan 2011 09:35 AM PST

Lennar Corporation (NYSE:LEN) reported adjusted net income of $28.3 million or 15 cents per share for the fourth quarter of fiscal 2010, improving significantly from the prior-year net loss of $284.9 million or $1.56 per share. The adjusted figures excluded tax benefits of about $3.7 million during the fourth quarter of 2010 and that of $320.5 million during the fourth quarter of last fiscal. Adjusted earnings per share were considerably higher than the Zacks Consensus Estimate of 3 … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Simon Property Drops Capital Offer

Posted: 11 Jan 2011 09:05 AM PST

Simon Property Group Inc. (NYSE:SPG), a leading real estate investment trust (REIT), has reportedly discarded its plans to acquire Capital Shopping Centers Group Plc (CSCG.L), the largest shopping center operator in the U.K. Simon Property initially made a $3.6 billion acquisition offer for Capital Shopping, when the latter announced an agreement to buy the Trafford Centre shopping mall near Manchester in northwest England for $1.2 billion in shares and bonds and assumption of approximately $1.4 … [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: 11 Jan 2011 09:00 AM PST

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

EUR/USD was trading at 1.2977, up 0.19% at time of writing.

The pair was likely to find support at 1.2874, Monday's low, and resistance at 1.3171, Thursday's high.

Meanwhile, the Euro was down against the British Pound and up against the Japanese Yen, with EUR/GBP shedding 0.14% to hit 0.8304 and EUR/JPY rising 0.99% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Trading: EURUSD Tests High For Day …

Posted: 11 Jan 2011 08:57 AM PST

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


PDLI’s Synagis Lawsuit Invalidated

Posted: 11 Jan 2011 08:35 AM PST

PDL BioPharma Inc.'s (NYSE:AZN), invalid.
In December 2008, MedImmune notified PDL that it is seeking a declaratory judgment that Synagis does not infringe the company's Queen et al. patents and therefore MedImmune does not owe royalties to PDL. In June 2010, PDL terminated its license agreement with MedImmune for Synagis and initiated legal proceedings. MedImmune was the original manufacturer of Synagis and PDL used to receive royalties on certain sales of the product.
A US district court … [visit site to read more] or compare Best Credit Cards and Best CD Rates


DDR Judicious: Outlook Echoes

Posted: 11 Jan 2011 08:35 AM PST

Developers Diversified Realty Corp. (NYSE:DDR), a leading real estate investment trust (REIT), has recently provided an outlook for fiscal 2011  considering few discreet  investment  propositions to improve liquidity and credit metrics. The company expects 2011 operating FFO (fund from operations) in the range of $0.90 to $1.05 per share, with pro-rata EBITDA (earnings before interest, tax, depreciation and amortization) of $600 million to $625 million. Fund from operations, a … [visit site to read more] or compare Best Credit Cards and Best CD Rates


How To Find The True Turnaround Stocks

Posted: 11 Jan 2011 08:35 AM PST

It’s the dream of every investor to find a stock that is down on its luck and ride it higher to riches.
These are the turnaround stories: companies that for whatever reason were down on their luck but who are now turning it around.
Who doesn’t wish they had bought Amazon.com at $6 a share in 2002 after the dot-com meltdown when many tech stocks were left for dead? It is now trading near its all time high of $188.
Yet for every Amazon.com there is a Webvan or a Toys.com.
Who?
That’s exactly the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


CELG Reports Preliminary Results

Posted: 11 Jan 2011 08:35 AM PST

Recently, Celgene Corporation (NASDAQ:CELG) announced preliminary results for the fourth quarter and full year 2010. For the final quarter of 2010, the biotechnology company expects to earn 73 cents per share on an adjusted basis which reflects an 18% increase over the year ago earnings. The Zacks Consensus Estimate for the fourth quarter of 2010 before the announcement of the preliminary results was 68 cents. On a reported basis (including special items), the company expects to earn 41 cents per … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Markets In Everything: Traffic Jam Rescue

Posted: 11 Jan 2011 08:25 AM PST

BEIJING – “With more Chinese people getting behind the wheel every day, traffic jams are a major headache in most cities but the gridlock has become an opportunity for some entrepreneurs who are offering an escape route – for a price.  Drivers who get stuck in traffic in some cities can now get on their mobile phones and call for a substitute to take their cars to their destinations while the frustrated drivers are whisked away on the back of a motorcycle.”

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


Bonds Firm After ECB Opens The PIGgy-bank

Posted: 11 Jan 2011 08:24 AM PST

Debt prices have firmed sending yields lower after the European Central Bank bought bonds of so-called PIG-nations. Bonds prices of debt issued by Portugal, Ireland and Greece surged as the central bank sought to drive down yields ahead of auctions later this week. Those auctions have bond investors shying away from peripheral nations’ debt in advance with some choosing to watch from the sidelines. However, judging by the sharp decline in yields those investors may have already missed the boat … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Australian Dollar: Caution

Posted: 11 Jan 2011 08:18 AM PST

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Canadian Dollar: Rebound Expected

Posted: 11 Jan 2011 08:18 AM PST

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Will The Euro Crisis Actually Hurt Gold?

Posted: 11 Jan 2011 08:18 AM PST

Today’s Idea
Gold fundamentals remain unclear at the moment. The Eurozone debt mess in and of itself is supportive for Gold prices, but this may only be in Euro terms. It could cause the Dollar to appreciate, which may actually cause a decline in Dollar-termed Gold. Technically, the Feb. futures contract continues to trade near support around 1365. For this reason, some traders may wish to enter into a short position on the Feb. Mini Gold futures on a stop at 1350, with a downside objective of … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Lennar’s 4Q Net Income Comes Up Short

Posted: 11 Jan 2011 08:18 AM PST

01/11/11 Home builder the Lennar Corporation announced that its fiscal 4Q net … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – Dollar Up Vs. Most Rivals As Portugal Remains In Spotlight

Posted: 11 Jan 2011 08:15 AM PST

Forex Pros – The U.S. dollar was up against most of its major counterparts on Tuesday, amid concerns over whether Portugal would be able to raise funds in the debt market on Wednesday or be forced to seek external aid.

During early U.S. trade, the greenback was marginally lower against the euro, with EUR/USD edging up 0.09% to hit 1.2963.

Earlier in the day, Japanese Finance Minister Yoshihiko Noda said his country planned to buy about a fifth of the bonds the European rescue fund plans to … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Janus Capital’s Rating Upped By S&P

Posted: 11 Jan 2011 08:10 AM PST

Janus Capital Group Inc.'s (NYSE:JNS) credit rating was upgraded by Standard & Poor’s Ratings Services to investment grade. The rating agency raised the rating to "BBB-"from "BB+". The outlook is stable. The upgrade follows an improvement in the company's financial position in the last 18 months.
The rating agency recognizes the efforts and significant progress the company made in deleveraging its balance sheet in the past six quarters. Janus Capital is expected to maintain debt at … [visit site to read more] or compare Best Credit Cards and Best CD Rates


New Deal For Scientific Games

Posted: 11 Jan 2011 08:10 AM PST

Scientific Games Corporation (NASDAQ:SGMS) announced that it has won a ten-year contract from the Louisiana Lottery Corporation in a competitive procurement process. Per the agreement, Scientific Games will supply instant ticket games and related services to the Louisiana Lottery Corporation.
Scientific Games will be the primary supplier of instant ticket games and the contract will extend up to October 2020. The company did not divulge any financial details of the deal. However, Scientific Games … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Sunoco Wins Fuel Supply Contract

Posted: 11 Jan 2011 08:10 AM PST

With the target of strengthening its position on toll roads, Sunoco Inc. (SUN), a leading transportation fuel retailer, will start operating nine fuel stations along the 172-mile Garden State Parkway, New Jersey.  
In this regard, Sunoco signed a deal with New Jersey Turnpike Authority, which manages the parkway and Getty Petroleum Marketing Inc., the current service station operator. The agreement covers a term of six years, stretching from January 2011 to December 2016. Sunoco also … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – GBP/USD Unchanged As Euro Zone Debt Concerns Weigh

Posted: 11 Jan 2011 08:04 AM PST

Forex Pros – The pound was almost unchanged against the U.S. dollar on Tuesday, as market sentiment continued to be weighed down by a lack of confidence in the euro zone's common currency.

GBP/USD clawed back up from 1.5514, the daily low, to hit 1.5575 during early U.S. trade, trading up 0.01%

Cable was likely to find support at 1.5473, Monday's low and resistance at 1.5627, the high of January 5.

Earlier in the day, the British Retail Consortium said that U.K. retail sales fell in … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/USD Resumes Decline Despite Support By Japan, ECB

Posted: 11 Jan 2011 07:55 AM PST

Forex Pros – The euro resumed its decline against the U.S. dollar on Tuesday, even after the European Central Bank bought euro zone government bonds and Japan’s finance minister made comments supporting a European bailout fund.

EUR/USD hit 1.2905 during early U.S. trade, a fresh daily low; the pair subsequently consolidated at 1.2927, shedding 0.18%.

The pair was likely to find support at 1.2872, Monday's low and resistance at 1.3169, last Thursday's high.

Earlier in the day, Japanese … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Trading: EURUSD Trying To Get Excited

Posted: 11 Jan 2011 07:30 AM PST

The EURUSD is trying to make something happen. The price moved below the 1.2938 level (original high from yesterdays trade). It fell below the 1.2914 floor today.  It tested the trendline that disected the downward trend from last week at the 1.2902 level (low was 1.2905), but the sell stalled there. The range has been extended – yes- but the range for the day is still less than 100 pips.  If the selling is for real, the price should not wander above the 1.2938 level and should so … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Trading: USDJPY Moves Toward Next Target

Posted: 11 Jan 2011 07:22 AM PST

As per the Morning Commentary, the 83.38 level is the next upside target for the USDJPY. Above that 83.56 is the focus.
The move back above the 82.84-87 level paved the way for higher levels today.  From there the break above the 100 day MA at 83.06 and the 100 hour MA at the 83.09 level gave an added … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Opening Bell Market Monitor: AA, LEN, SVU

Posted: 11 Jan 2011 02:19 AM PST

01/11/10 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


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