DailyMarkets.com - Q4 Sales Swell At Celgene
DailyMarkets.com - Q4 Sales Swell At Celgene |
- Q4 Sales Swell At Celgene
- D.R. Horton???s Loss Matches Est.
- Will Gold Respond To The Fed’s Pledge To Keep Printing?
- L-3 Comm. Beats Estimates
- Ford Recalls Frost Bitten Vehicles
- Standard & Poor’s Cuts Japan’s Credit Rating, Yen Sold
- Alcon’s Winning Streak Continues
- Newell Beats On Higher Production
- Forex – EUR/USD Down At The End Of European Session
- Markets In Everything: Smart Parking Meters
- Owens-Illinois Disappoints
- Mixed Results From Murphy Oil
- Australian Dollar: Caution
- Canadian Dollar: The Downside Prevails
- Is The Selling Over In Gold?
- PLD-AMB Merger To Prove Lucrative?
- Covance In Tune With Zacks Est.
- Stock Market News Briefs: Boston Properties, Covidien Ltd., US Airways Group New, Legg Mason, Networks Associates, Praxair, QUALCOMM Incorporated, Starbucks Corporation
- Eli Lilly Tops Ests; Guides In Line
- Tussle With 12,000. What’s Next?
- Duke Realty Marginally Beats
- AT&T: A Penny Ahead
- Cost Control Helps Amylin Cut Loss
- Goodwill Charges Slash ZMH’s Profit
- Initial Jobless Claims Jump
- Miserable Durable Goods Data Sends Bonds Higher
- Forex – Dollar Mixed Vs. Rivals As U.S. Data Paints Uneven Picture
- Forex Trading: EURUSD Squeezes Back Above 1.3743 Level
- Forex Trading: USDJPY Defining Intraday Technical Levels
- Forex – GBP/USD Holds Gains After Flurry Of Mixed U.S. Data
- Opening Bell Market Monitor: CAT, PG, T
- Forex – EUR/USD Holds Gains After Mixed U.S. Economic Data
- Forex Trading: GBPJPY Tests 200 Day MA Level Today At 132.50 Area
- Blue Ocean Thinking Puts Nautilus Minerals On Course For Copper And Gold Production
| Posted: 27 Jan 2011 10:05 AM PST Celgene Corporation's (NASDAQ:CELG) fourth quarter 2010 earnings (excluding special items but including stock-based compensation expense) of 62 cents per share was below the Zacks Consensus Estimate by 5 cents but exceeded the year-ago earnings by 8 cents. On a reported basis (including special items), the company's earnings fell 16.7%. Reported earnings were hurt by the costs incurred to acquire Abraxis BioScience, which was completed in October 2010.
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| D.R. Horton???s Loss Matches Est. Posted: 27 Jan 2011 10:05 AM PST D.R. Horton Inc. (NYSE:DHI) depicted a loss of $12 million or 4 cents per share (excluding pre-tax charges to cost of sales for inventory impairments and land option cost write-offs) in the first quarter of fiscal 2011, meeting the Zacks Consensus Estimate. This compared with an income of $42.8 million or 12 cents per share (excluding a tax benefit of $149.2 million) in the first quarter of fiscal 2010.
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| Will Gold Respond To The Fed’s Pledge To Keep Printing? Posted: 27 Jan 2011 09:53 AM PST Tuesday's Federal Reserve statement (see below) contained no big surprises. We expected them to reiterate their intention of completing all the bond purchases as outlined originally in the second quantitative easing program (QE2). The Fed's hope is that rising asset prices will increase confidence, and in turn lead to more spending and more hiring. For those who were expecting the Fed to water down QE2 as a result of improving economic data, you may be underestimating the role of … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 27 Jan 2011 09:35 AM PST L-3 Communications Holdings Inc. (NYSE:LLL) reported fourth quarter earnings per share (EPS) of $2.37, up 23% year over year from $1.93 in the year-ago quarter. The quarterly figure comfortably surpassed the Zacks Consensus Estimate of $2.31. For the full year 2010, diluted EPS was up 8% year over year to $8.25 from $7.61 in the prior year. The annualized EPS figure also beat the Zacks Consensus Estimate of $8.03.
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| Ford Recalls Frost Bitten Vehicles Posted: 27 Jan 2011 09:35 AM PST Ford Motor Co. (NYSE:F) will recall about 525,000 units of its Windstar minivans in the colder regions of the U.S., Canada and other countries due to a corrosion-related problem in the vehicles. The vehicles were manufactured between 1999 to 2003.
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| Standard & Poor’s Cuts Japan’s Credit Rating, Yen Sold Posted: 27 Jan 2011 09:14 AM PST The main fundamental story today was a drop in the Yen as we had Standard and Poor's cut Japan's long-term credit rating to AA- from AA, citing concerns over the country's debt. It was the first time that credit rating has been cut in 9 years and puts it three levels below the US. From the New York Times: S.&P. Downgrades Japan as Debt Concerns Spread
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| Alcon’s Winning Streak Continues Posted: 27 Jan 2011 09:05 AM PST Alcon Inc. (NYSE:ACL) reported fourth quarter 2010 earnings of $1.74 per share, beating the Zacks Consensus Estimate of $1.70 and 8.1% ahead of the year-ago figure. The fiscal year also saw the company beating the Zacks Consensus Estimate by 4 cents. Earnings in fiscal year 2010 came in at $7.71 per share, up 13.2%. Strong revenues helped boost earnings.
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| Newell Beats On Higher Production Posted: 27 Jan 2011 09:05 AM PST Newell Rubbermaid Inc. (NYSE:NWL), the maker of Sharpie pens and Rubbermaid containers, logged a strong 26.0% growth in fourth quarter 2010 earnings to net 34 cents a share from 27 cents a share in the year-ago quarter. Earnings also outpaced the Zacks Consensus Estimate of 32 cents a share. Including special items, earnings per share came in at 25 cents a share. The strong quarterly performance was mainly attributable to increased core sales and improved productivity.
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| Forex – EUR/USD Down At The End Of European Session Posted: 27 Jan 2011 08:58 AM PST Forex Pros – The Euro was lower against the U.S. Dollar on Thursday. EUR/USD was trading at 1.3691, down 0.16% at time of writing. The pair was likely to find support at 1.3540, Monday's low, and resistance at 1.3758, today's high. Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.05% to hit 0.8610 and EUR/JPY rising 0.90% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Markets In Everything: Smart Parking Meters Posted: 27 Jan 2011 08:50 AM PST San Francisco is installing state-of-the-art ‘smart’ parking meters that will alert drivers to available meters via a smartphone app, which also lets folks add time to their meter from anywhere in the city. They’ll also use dynamic pricing to try to make sure that 15% of the spaces in a given neighborhood are always … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 27 Jan 2011 08:35 AM PST Owens-Illinois Inc. (NYSE:OI) delivered adjusted EPS of 45 cents in its fourth quarter ended December 31, 2010, missing the Zacks Consensus Estimate of 47 cents. Results however were up 5% year over year from 43 cents in the year-ago quarter.
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| Posted: 27 Jan 2011 08:35 AM PST Murphy Oil Corporation (NYSE:MUR) announced fourth-quarter 2010 operating earnings of 90 cents per share compared with 85 cents per share in the year-ago quarter. The results of the company were nevertheless 7 cents short of the Zacks Consensus Estimate of 97 cents.
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| Posted: 27 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
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| Canadian Dollar: The Downside Prevails Posted: 27 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
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| Posted: 27 Jan 2011 08:17 AM PST Are gold prices ready to resume the run higher? It has had an auspicious start to 2011 and the negative reports relative to the metal have been on the rise. The gold bugs are jumping up and down saying buy, buy, buy! And the other side is calling for the price to fall to $1050 per ounce. Who is right in the quest for profits in gold? The reality is that they both maybe right. We have seen a short term pullback of nearly $100 per ounce for gold and it currently hit a key support level … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| PLD-AMB Merger To Prove Lucrative? Posted: 27 Jan 2011 08:13 AM PST As a part of a startling development that could redefine the market dynamics, ProLogis (NYSE:PLD), a leading global provider of distribution facilities, is reportedly in the final stages of negotiation regarding a possible merger with its rival AMB Property Corp. (NYSE:AMB). Although both the companies refused to comment on the terms and conditions of the deal, the merger is likely to take place based on "an all-stock, at-market transaction" based upon the unaffected trading prices of the … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Covance In Tune With Zacks Est. Posted: 27 Jan 2011 08:13 AM PST Covance (NYSE:CVD) reported an EPS of 45 cents for the fourth quarter of fiscal 2010 compared with 64 cents of the year-ago quarter. However, considering some adjustments, the EPS came in at 56 cents, beating the Zacks Consensus Estimate of 53 cents. For fiscal 2010, the adjusted EPS was $2.15, beating the Zacks Consensus Estimate of $2.13 although lower than $2.60 of the previous year.
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| Posted: 27 Jan 2011 08:13 AM PST Qualcomm (NASDAQ:QCOM) reported Q1 EPS of $0.82, ex-items, ahead of the Zacks Consensus Estimate of $0.63 per share. Revenues for the quarter rose 25% year-over-year to $3.35 billion, above the Zacks Consensus Estimate of $3.139 billion Starbucks (NASDAQ:SBUX) reported Q1 EPS of $0.45, above the Zacks Consensus Estimate of $0.35 per share. Revenues for the quarter rose 8% year-over-year to $2.95 billion, ahead of the Zacks Consensus Estimate of $2.716 billion US Airways (NYSE:LCC) … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Eli Lilly Tops Ests; Guides In Line Posted: 27 Jan 2011 08:13 AM PST Eli Lilly (NYSE:LLY) reported fourth quarter earnings per share of $1.11, a penny above the Zacks Consensus Estimate and 22% above the year-ago earnings of 91 cents. Fourth quarter results were driven by higher revenues and a lower tax rate. Fourth quarter revenues increased 4% to $6.2 billion, slightly above the Zacks Consensus Revenue Estimate of $6.0 billion.
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| Tussle With 12,000. What’s Next? Posted: 27 Jan 2011 08:13 AM PST We officially touched Dow 12,000 on Wednesday before a mild retreat at day's end. Helping the cause was President Obama's "tack to the center" speech talking about business-friendly initiatives to spark more job growth. Combine that with more quality earnings reports and the Fed keeping its foot on the QE gas pedal and you understand why we are marking new highs. The trick at this point is how we get above this key level. If Q4 GDP on Friday is markedly above the 3.5% consensus, then … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 27 Jan 2011 08:12 AM PST Duke Realty Corp. (NYSE:DRE), a real estate investment trust (REIT), reported fourth quarter 2010 FFO (fund from operations) of $73.9 million or 28 cents per share compared to $72.6 million or 33 cents in the year-ago quarter. Fund from operations, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income.
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| Posted: 27 Jan 2011 08:12 AM PST AT&T Inc. (NYSE:T), the largest U.S. telecom carrier, declared its fourth quarter and fiscal 2010 earnings before the opening bell. The company reported adjusted earnings of 55 cents per share in the fourth quarter, beating the Zacks Consensus Estimate by a penny. Adjusted earnings climbed 10% from 50 cents per share in the year-ago quarter.
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| Cost Control Helps Amylin Cut Loss Posted: 27 Jan 2011 08:12 AM PST Amylin Pharmaceuticals (NASDAQ:AMLN) reported a net loss of 8 cents per share in the fourth quarter of 2010, well below the Zacks Consensus Estimate and the year-ago loss of 32 cents. Full year 2010 loss came in at 94 cents, significantly below the Zacks Consensus Estimate of a loss of $1.26 and the year-ago loss of $1.20. Despite a decline in revenues, Amylin posted better-than-expected results due to lower expenses.
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| Goodwill Charges Slash ZMH’s Profit Posted: 27 Jan 2011 08:12 AM PST Zimmer Holdings (NYSE:ZMH) reported an EPS of 18 cents during the fourth quarter of fiscal 2010, 76% lower than 74 cents in the year-ago quarter. However, after considering certain adjustments, the EPS was $1.27, surpassing the Zacks Consensus Estimate of $1.19 and $1.12 in the fourth quarter of fiscal 2009. For fiscal 2010, the company reported adjusted EPS of $4.33, well above the Zacks Consensus Estimate of $4.26 and $3.94 in the previous year.
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| Posted: 27 Jan 2011 08:12 AM PST Initial Claims for Unemployment Insurance rose by 51,000 last week to 454,000 (last week was revised down by 1,000, so one could see it as a 50,000 increase). This was much worse than the expected level of 410,000. This is an unwelcome turnaround, and more than negates last week’s big drop.
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| Miserable Durable Goods Data Sends Bonds Higher Posted: 27 Jan 2011 08:07 AM PST Bond yields remain range bound with investors eyeing improving data and rising risk appetite on the one hand yet listening intently to the confused messages from central bankers on the other. Each wave of rising yields seems to be met by a weak economic report while bankers keep changing their tone forcing yields to keep on swinging.
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| Forex – Dollar Mixed Vs. Rivals As U.S. Data Paints Uneven Picture Posted: 27 Jan 2011 07:54 AM PST Forex Pros – The U.S. dollar was mixed against its major counterparts on Thursday, as the release of a string of U.S. data painted an uneven picture of the U.S. economic recovery. During European late afternoon trade, the greenback was down against the euro, with EUR/USD rising 0.24% to hit 1.3745. Earlier in the day, European Central Bank policymaker Lorenzo Bini Smaghi warned that an expected rise in imported goods inflation could not be ignored, adding to speculation over a near-term ECB … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex Trading: EURUSD Squeezes Back Above 1.3743 Level Posted: 27 Jan 2011 07:46 AM PST The EURUSD squeezed back above the 1.3743 after holding 38.2% retracement support and moving back higher. The pair tested 1.3743 first, fell to 1.3728 before surging back higher and through key resistance. The 1.3757 level remains a level to surpass next as it represents a double top in today's trading. Needless to say, a break through is needed to keep the bullish trend in tact and would next target the 1.3785 level (see chart … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex Trading: USDJPY Defining Intraday Technical Levels Posted: 27 Jan 2011 07:43 AM PST |
| Forex – GBP/USD Holds Gains After Flurry Of Mixed U.S. Data Posted: 27 Jan 2011 07:35 AM PST Forex Pros – The pound held gains against the U.S. dollar on Thursday, trading close to a two-day high, following the release of a flurry of mixed U.S. economic data. GBP/USD hit 1.5991 during European late afternoon trade, the pair's highest since Tuesday; the pair subsequently consolidated at 1.5972, gaining 0.25%. Cable was likely to find support at 1.5878, the days low and resistance at 1.6016, Tuesday's high. Earlier in the day, the U.S. Department of Labor said that the number of … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Opening Bell Market Monitor: CAT, PG, T Posted: 27 Jan 2011 07:29 AM PST 01/27/11 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
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| Forex – EUR/USD Holds Gains After Mixed U.S. Economic Data Posted: 27 Jan 2011 07:23 AM PST Forex Pros – The euro held onto gains against the U.S. dollar on Thursday, trading close to a ten-week high after a string of data painted a mixed picture of the U.S. economic recovery. EUR/USD hit 1.3758 during European late afternoon trade, the pair's highest since November 22; the pair subsequently consolidated at 1.3737, gaining 0.18%. The pair was likely to find support at 1.3571, Tuesday's low and resistance at 1.3785, the high of November 22. Earlier in the day, the U.S. … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex Trading: GBPJPY Tests 200 Day MA Level Today At 132.50 Area Posted: 27 Jan 2011 07:20 AM PST |
| Blue Ocean Thinking Puts Nautilus Minerals On Course For Copper And Gold Production Posted: 27 Jan 2011 02:19 AM PST When Anthony O'Sullivan joined Nautilus Minerals (LON:NUS) in 2005 his expertise and earlier experiences in leading base metals exploration at mining giant BHP Billiton were put to the test. For Nautilus, and O'Sullivan, the years that followed were spent finding answers to the complex geological, engineering and financial challenges of drilling for copper and gold at 1,500 metres under the sea off the coast of Papua New Guinea. Bringing together the best expertise in international mining … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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