Wednesday, January 26, 2011

DailyMarkets.com - Praxair Outperforms Estimate

DailyMarkets.com - Praxair Outperforms Estimate

Praxair Outperforms Estimate

Posted: 26 Jan 2011 12:05 PM PST

Praxair Inc. (NYSE:PX) reported its fourth quarter and full year 2010 earnings result before the opening bell today. The company came with adjusted earnings per share of $1.25 for the quarter, above the Zacks Consensus Estimate of $1.23 and up 15% year over year.
For full year 2010, adjusted earnings per share were $4.74, above the Zacks Consensus Estimate of $4.72 and up 19% year over year.
Revenue
Total revenue in the quarter was 2,623 million, up 9% year over year. Increased revenue was driven … [visit site to read more] or compare Best Credit Cards and Best CD Rates

My 13 Reasons Why Gold Still Has Further To Go

Posted: 26 Jan 2011 11:50 AM PST

Financial history teaches that market prices are not just subject to cyclical fluctuations — mainly following the business cycle. They are also liable to much longer lasting secular trends, often spanning 15 years, 20 years or longer. These secular cycles are visible in stocks, commodities, bonds and precious metals.

Take gold as an example …

Gold experienced a secular bull market starting in the late 1960s and culminating in a spectacular high in 1980. What followed was a severe … [visit site to read more] or compare Best Credit Cards and Best CD Rates

GD Beats On Bottom Line

Posted: 26 Jan 2011 11:35 AM PST

Defense and aerospace operator General Dynamics Corporation (NYSE:GD) announced its fourth-quarter 2010 earnings from continuing operations of $1.91 per share, surpassing the Zacks Consensus Estimate of $1.85. Results comfortably beat earnings of $1.58 in the year-ago quarter. Earnings were $729 million, up 18% from $618 million in the fourth quarter of 2009.
Full year 2010 earnings from continuing operations came in at $6.82, surpassing the Zacks Consensus Estimate of $6.76 as well as the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Exelon Tops, Looks Into 2011

Posted: 26 Jan 2011 11:35 AM PST

Exelon Corporation (NYSE:EXC) announced fourth-quarter 2010 operating earnings of 96 cents per share compared with 92 cents per share in the year-ago quarter. The results of the company surpassed the Zacks Consensus Estimate of 91 cents by 5 cents.
GAAP earnings of Exelon during the quarter were 79 cents, compared with 88 cents in the year-ago period.
The difference between operating and GAAP earnings was owing to the following one-time items: an impact of 17 cents for mark-to-market losses, 3 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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

Posted: 26 Jan 2011 11:13 AM PST

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

EUR/USD was trading at 1.3664, down 0.13% 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 0.46% to hit 0.8610 and EUR/JPY rising 0.18% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Altera Tops Ests By A Hair

Posted: 26 Jan 2011 11:05 AM PST

Chipmaker Altera Corporation (NASDAQ:ALTR) reported sales of $555.4 million in the fourth quarter of 2010, up 5% sequentially and up 52% year over year.
The results beat the Zacks Consensus Estimate of $548.0 million but were within management's revised guidance of $543.3 million – $559.2 million.
New product sales increased 26% sequentially. New product sales, accounting for 44% of the total, increased 24% sequentially. New products include 65-nanometer (nm) and 40-nm field-programmable gate … [visit site to read more] or compare Best Credit Cards and Best CD Rates

WellPoint Exceeds Expectations

Posted: 26 Jan 2011 11:05 AM PST

WellPoint Inc. (NYSE:WLP) reported its fourth-quarter income from continuing operations of $524.7 million or $1.33 per share, surpassing the Zacks Consensus Estimate of $1.21. This also compares favorably with the income of $536.0 million or earnings of $1.16 in the year-ago quarter.
WellPoint also posted its income from continuing operations of $2.8 billion or $6.74 per share for fiscal year 2010, surpassing the Zacks Consensus Estimate of $6.60 and the income of $2.9 billion or $6.09 in the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

“You’re Going To See The Rally Continue”

Posted: 26 Jan 2011 11:03 AM PST

01/26/11 DME Securities’ Alan Valdes discusses the Dow topping the 12,000 level, following the latest earnings and data … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Xerox Beats By A Penny

Posted: 26 Jan 2011 10:35 AM PST

Xerox Corporation (NYSE:XRX) reported a profit of $417 million or 29 cents per share in the fourth quarter of 2010, barely exceeding the Zacks Consensus Estimate by a penny. The profit was higher than the year-ago level of 235 million or 26 cents per share.
Revenues in the quarter surged 42% to $5.98 billion, which was in line with the Zacks Consensus Estimate. The rise in revenues was driven by an impressive growth in the Services segment, comprising document outsourcing (DO), business process … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Boeing Fails To Enthuse

Posted: 26 Jan 2011 10:35 AM PST

The Boeing Company (NYSE:BA) brought a pall of gloom with numbers for the fourth quarter of 2010 belying market optimism. In the reported quarter the company posted operating EPS (excluding special items) of $1.11, missing both the Zacks Consensus Estimate of $1.13 and year-ago EPS of $1.77. The company's tepid result was due to lower deliveries of both commercial airplanes and military aircraft.
On a reported basis, Boeing reported quarterly EPS of $1.56 per share, versus $1.75 in the year-ago … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Mixed Results For MeadWestvaco

Posted: 26 Jan 2011 10:35 AM PST

MeadWestvaco Corporation (NYSE:MWV) delivered adjusted earnings per share (EPS) of 41 cents in its fiscal fourth quarter, beating the Zacks Consensus Estimate by a penny and more than double the 20 cents in the prior-year quarter.
Adjusted EPS in the fourth quarter excluded some special items. Excluding these items, EPS in the quarter was 40 cents, a 33% increase from 30 cents in the year-earlier quarter. 
The company delivered net sales of $1.49 billion surpassing $1.45 billion in the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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

Posted: 26 Jan 2011 10:33 AM PST

Forex Pros – The Australian Dollar was lower against the U.S. Dollar on Wednesday.

AUD/USD was trading at 0.9955, down 0.11% at time of writing.

The pair was likely to find support at 0.9840, Friday's low, and resistance at 1.0022, Monday's high.

Meanwhile, the Australian Dollar was up against the Euro and the Japanese Yen, with EUR/AUD shedding 0.03% to hit 1.3723 and AUD/JPY rising 0.04% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Mark To Market Sanity

Posted: 26 Jan 2011 10:32 AM PST

In 2008 and 2009 I probably blogged more than anything else about needlessly destroying bank capital with a strict application of mark to market accounting. The frozen market for mortgage back securities was triggering massive write-downs, i.e. destroying capital, even while the underlying mortgages were still performing. Probably my most effective, or least ineffective, post was a piece of satire called "My Mark to Market Nightmare."
That post, along with numerous rants on the subject on … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Gold And Silver Investors Should Be Following China’s Moves

Posted: 26 Jan 2011 10:02 AM PST

I coined a term called the "Chinamese Twins" for my readers. I advised my readers that two separate dinners were to be held at the White House, the feast receiving the most publicity was held as the "Grand State Dinner." I regarded this banquet as window dressing held for the benefit of the world press corp, assorted media channels and photo ops to gorge the public adoration of pomp and publicity. The media did their job of selling adversarial news in the best tradition of sensational … [visit site to read more] or compare Best Credit Cards and Best CD Rates

The President Ignored The Elephant In The Room

Posted: 26 Jan 2011 09:59 AM PST

The President's new emphasis on the importance of investing in education, infrastructure, and basic research in order to build the nation's long-term competitive capacities is appropriate. For the last three decades the federal government's spending on these three essentials has declined as a percentage of its total spending, arguably threatening America's technological and economic leadership.
But the President's failure to address this decoupling of American corporate profits from … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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

Posted: 26 Jan 2011 09:58 AM PST

Forex Pros – The New Zealand Dollar was lower against the U.S. Dollar on Wednesday.

NZD/USD was trading at 0.7667, down 0.28% at time of writing.

The pair was likely to find support at 0.7528, Friday's low, and resistance at 0.7702, today's high.

Meanwhile, the New Zealand Dollar was down against the Australian Dollar and the Euro, with AUD/NZD gaining 0.12% to hit 1.2979 and EUR/NZD rising 0.32% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

European Markets Close Higher; Dax Up 0.97%

Posted: 26 Jan 2011 09:53 AM PST

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

At the close of European trade, Germany's DAX rose 0.97%, London's FTSE 100 gained 1.01%, France's CAC 40 climbed 0.73% and the EURO STOXX 50 was up 0.34%.

Meanwhile, on Wall Street, equity markets were up after the open. The Dow Jones Industrial Average was up 0.07%; the S&P 500 index gained 0.41%, while the Nasdaq 100 index climbed … [visit site to read more] or compare Best Credit Cards and Best CD Rates

More Upside Seen On Fil-Estate Land (LND) Part 2

Posted: 26 Jan 2011 09:36 AM PST

Fil-Estate Land (LND) hit the stock market headlines once again yesterday when it surged by 9.63% from opening of PHP 2.23 to a closing of PHP 2.39. Now, a lot of you might be asking if there is still some more upside on this issue. remember that back in December 23, 2010, LND was just trading at around PHP 1.03. So given its price action from that time to present, I would say that yes, LND could still move higher. As you can see from its chart above, it just broke out again from a symmetrical … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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