DailyMarkets.com - Stock Market Summary For Thursday, January 27, 2011
DailyMarkets.com - Stock Market Summary For Thursday, January 27, 2011 |
- Stock Market Summary For Thursday, January 27, 2011
- Amazon Has First $10B Quarter And It Totally Dominates The Retail Book Market By Market Cap
- Invesco Outpaces Earnings Ests
- Regis Misses Consensus
- Strong Markets Lift Eaton Corp.
- Earnings Scorecard: McDonald’s
- Turbulent 4Q For JetBlue
- The Day Ahead: Earnings, US GDP, U. Of Michigan Consumer Sentiment
- Hot Stock Movers To Watch On Friday, January 28
- Altria Reports In-Line
- E*TRADE Disappoints
- Helmerich & Payne Profit Climbs
- Oil Falls To $85 A Barrel As Kuwaiti Official Hints At OPEC Raising Production
- Quiz On A Legalization Of Marijuana Poll
- Obama Is Now Pro-Business. And That’s Dangerous Because Businesses Really Don’t Like Competition And They’ll Use Government To Try To Restrict It
- Motorola Mobility Underperforms
- CONSOL Shy Of Estimates
- Earnings Preview: Chevron
- Microsoft Employees 1978: Where Are They Now?
- Varian Posts A Mixed Bag, Ups View
- Texas Capital Outpaces Zacks Ests
- Nucor Posts 4Q Loss
- Robert Half Posts Robust Q4
- BlackRock Surpasses Estimates
- Microsoft Beats On Earnings, Revenue
- Precision Castparts Beats Slightly
- Amazon Results Don’t Match Run-Up
- Closing Bell Market Monitor: CAT, T, PG
- Forex – EUR/USD Up At The End Of U.S. Session
- ‘Statistics Worthy Of Detroit Or Newark’
- Forex – USD/JPY Up Toward The End Of U.S. Session
- Raytheon Beats, Provides Outlook
- SAP Falls On TomorrowNow Charges
- Harris Beats, Shares Rise
- LSI Corp. Beats Estimates
- Nokia Beats But Outlook Weak
- Seeking An Interest Rate Solution: Why The US Federal Reserve Should Raise Short Term Rates
- Will Higher Inflation In Europe Cause The ECB To Hike Rates?
- Forex – EUR/USD Up Toward The End Of U.S. Session
- Align’s Earnings Miss Estimates
- Symantec 3Q A Mixed Bag
- Ball Corp. Beats Estimates
- U.S. Markets Close Higher; Dow Jones Up 0.04%
- Forex – GBP/USD Down During The U.S. Session
- Analyst Interviews: Oil & Gas Industry Outlook
- Canadian Pacific Tops Estimates
- Stanley Beats Estimate, Future Strong
- Stock Market Summary For Thursday, January 27, 2011 Special Alert
- SP500 Tempts Traders With 1300 Bull Bear Battle
- Colgate-Palmolive Beats Estimate
- DeVry Beats Estimates
- Solid 4Q10 For Motorola Solutions
- Civilian Aircraft Orders Nosedive
- Forex – USD/CAD Up During The U.S. Session
- EUR/USD’s Bearish Outlook Has Upside Risk To 1.3820-1.3830 Above 1.3757
- U.S. Dollar And Gold: We Saw Their Future On TV Tuesday Night
- USD/CAD – What Can Price Action Tell Us In This Choppy Market
- Starbucks Outpaces Estimates
- Fabulous 4Q For Time Warner Cable
- Forex – EUR/USD Up During The U.S. Session
- Caterpillar Has Stellar 2010
- Baxter Beats On EPS, Net Dips
- P&G Reports Ahead Of Estimates
- Lockheed Martin Reports Strong
- Euro Leading Index Reaches 3.5 Year High
- Long-term Bull Populates Mead Johnson Nutrition Post-earnings
- D.R. Horton???s Loss Matches Est.
- BMY Misses By A Penny In Q4
- Xcel Misses EPS, Beats Sales
- “We’re Going To Continue With The Churning Action”
- Forex – AUD/USD Down During The U.S. Session
- Dollar Decline Continues On Data
- Forex – NZD/USD Down During The U.S. Session
- European Markets Mixed At Close; Dax Up 0.40%
- GBP/JPY Respects 129.50; Bullish Scenario Or Complex Correction?
- Crude Decline Continues On Stockpile Jump
- Housing Market Struggles Hurt D.R. Horton
- Range Resources Secures Funding Boost And Agrees New Deal On Second Puntland Well
- American Drivers Hitting The Road Again
| Stock Market Summary For Thursday, January 27, 2011 Posted: 27 Jan 2011 05:36 PM PST The major indexes had mixed results today as the Nasdaq Composite led with a 0.6% gain while the S&P 500 closed right at 1,300 and the DJIA was flat unable to close above the 12,000 level. Participation from investors was ok but underneath the hood market internals are showing signs that the stock market needs a break. We are seeing less stocks advancing and making new highs than we saw when the market was materially lower earlier in the recent … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Amazon Has First $10B Quarter And It Totally Dominates The Retail Book Market By Market Cap Posted: 27 Jan 2011 05:19 PM PST Founder and CEO of Amazon, Jeff Bezos said in a statement: “We had our first $10 billion quarter, and after selling millions of third-generation Kindles with the new Pearl e-ink display during the quarter, Kindle books have now overtaken paperback books as the most popular format on Amazon.com. Last July we announced that Kindle books had passed hardcovers and predicted that Kindle would surpass paperbacks in the second quarter of this year, so this milestone has come even sooner than we … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Invesco Outpaces Earnings Ests Posted: 27 Jan 2011 04:05 PM PST Invesco Limited's (NYSE:IVZ) fourth quarter earnings of 44 cents per share breezed past the Zacks Consensus Estimate by 4 cents. The results also compare favorably with earnings of 30 cents in the prior-year quarter. On a GAAP basis, earnings came in at 37 cents per share, compared with 25 cents in the year-ago quarter. GAAP results for the reported quarter included $26.7 million of transaction and integration charges. Invesco's earnings soared over the prior-year quarter primarily on an … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 27 Jan 2011 04:05 PM PST Regis Corporation (NYSE:RGS) reported second quarter fiscal 2011 adjusted earnings of 25 cents per share, below the Zacks Consensus Estimate of 28 cents. The lower-than-expected result was due to sluggish same-store sales.
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| Strong Markets Lift Eaton Corp. Posted: 27 Jan 2011 04:05 PM PST Eaton Corporation (NYSE:ETN) reported fourth quarter and full-year 2010 results. Eaton's fourth quarter earnings per share grew 25% year over year, mainly upon a 13% end-market growth.
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| Earnings Scorecard: McDonald’s Posted: 27 Jan 2011 04:05 PM PST On January 24, McDonald's Corporation (NYSE:MCD) reported its fourth quarter fiscal 2010 earnings of $1.16 cents per share, in line with the Zacks Consensus Estimate. Given below is our report on the recent earnings announcement as well as subsequent analyst estimate revisions over short and long-term periods.
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| Posted: 27 Jan 2011 04:00 PM PST 01/28/11 JetBlue Airways announced on Thursday that its 4Q profit fell to $9 million on inclement … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| The Day Ahead: Earnings, US GDP, U. Of Michigan Consumer Sentiment Posted: 27 Jan 2011 10:50 AM PST 01/28/11 The stories, data, and stocks that may have the greatest impact during the next trading … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Hot Stock Movers To Watch On Friday, January 28 Posted: 27 Jan 2011 03:38 PM PST ( click to enlarge ) Morgan Stanley (NYSE:MS) has formed a bullish engulfing pattern on the daily chart. RSI confirms the uptrend and the stock trades comfortably above the 20 and 50 DMA. I expect the stock's near-term up trend to continue. Next resistance is located at $30.37, while immediate support has moved up to $28.58. ( click to enlarge ) Banner Corporation (NASDAQ:BANR) broke out of a bull flag today. Today’s heavy volume was what you want to see when a stock breaks … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 27 Jan 2011 03:35 PM PST Altria Group Inc. (NYSE:MO) the manufacturer and seller of cigarettes, wine and other tobacco products, registered robust fourth quarter and full fiscal 2010 results.
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| Posted: 27 Jan 2011 03:35 PM PST E*TRADE Financial Corporation’s (NASDAQ:ETFC) fourth-quarter net loss of 11 cents per share was significantly below the Zacks Consensus Estimate of earnings of 4 cents. The loss compares unfavorably with earnings of 3 cents in the prior quarter but favorably with loss of 36 cents per share in the prior-year quarter.
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| Helmerich & Payne Profit Climbs Posted: 27 Jan 2011 03:35 PM PST Contract drilling services provider Helmerich & Payne Inc. (NYSE:HP) reported solid results for the first fiscal quarter of 2011 (three months ended December 31, 2010), helped by improving U.S. land drilling operations.
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| Oil Falls To $85 A Barrel As Kuwaiti Official Hints At OPEC Raising Production Posted: 27 Jan 2011 03:30 PM PST Big plunge in oil today as we had weaker US data and comments from a Kuwaiti official that hinted at the prospect of OPEC increasing production to put downward pressure on prices. Oil prices, after hitting $94 a barrel on January 10th have receded to their lowest since early November at the $85 level, with a 2% slide today, extending the decline started last week.
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| Quiz On A Legalization Of Marijuana Poll Posted: 27 Jan 2011 03:29 PM PST 1. Which age group do you think would be most likely to favor the legalization of marijuana? a. 18-34 years 2. What percent of Democrats and what percent of Republicans favor legalization of marijuana? a. 75% of Democrats and 20% of Republicans Find out here, based on a recent survey in the state of Washington. … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 27 Jan 2011 03:13 PM PST From Don Boudreaux’s excellent editorial making a very important point that Obama should be “pro-growth,” and not “pro-business”: “An economy's success is best measured by how well it pleases consumers, not by how well it pleases businesses. Each business sees matters differently. It wants to profit as much as possible. In a free market, businesses profit only by pleasing consumers. But a business that obtains special favors from government can profit without pleasing consumers. And it's … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Motorola Mobility Underperforms Posted: 27 Jan 2011 03:05 PM PST Yesterday after the closing bell, Motorola Mobility Holdings Inc. (MMI) reported its fourth quarter 2010 financial results. It was the company's first earnings report after it separated from former Motorola Inc.
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| Posted: 27 Jan 2011 03:05 PM PST Diversified fuel producer CONSOL Energy Inc. (NYSE:CNX) posted fourth quarter 2010 adjusted earnings of 54 cents per share, falling short of the Zacks Consensus Estimate of 56 cents. For the full-year 2010, the company reported earnings of $1.60, way below the Zacks Consensus Estimate of $2.27.
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| Posted: 27 Jan 2011 03:05 PM PST Global integrated energy company, Chevron Corp. (NYSE:CVX) is expected to report its fourth quarter and full year 2010 earnings on Friday, January 28, 2011, before the opening bell. The Zacks Consensus Estimate for the fourth quarter is $2.38 per share, while that for fiscal 2010 is $9.36 per share.
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| Microsoft Employees 1978: Where Are They Now? Posted: 27 Jan 2011 03:03 PM PST |
| Varian Posts A Mixed Bag, Ups View Posted: 27 Jan 2011 02:35 PM PST Leading integrated radiotherapy systems maker Varian Medical Systems (NYSE:VAR) reported first-quarter fiscal 2011 (ended December 31) earnings per share from continuing operations of 80 cents, comfortably beating the Zacks Consensus Estimates of 73 cents and exceeding the corresponding year-ago earnings of 63 cents. Profit climbed 22% year over year to $96.5 million, riding on higher sales from oncology systems and X-Ray products.
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| Texas Capital Outpaces Zacks Ests Posted: 27 Jan 2011 02:35 PM PST Texas Capital Bancshares Inc. (NASDAQ:TCBI) reported fourth quarter 2010 earnings of 32 cents per share, ahead of the Zacks Consensus Estimate of 26 cents. The results also compare favorably with earnings of 18 cents in the year-ago period.
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| Posted: 27 Jan 2011 02:35 PM PST Nucor Corporation (NYSE:NUE) recorded a net loss of $23.5 million or 4 cents per share in the fourth quarter of 2010, narrower than the Zacks Consensus Estimate of a loss of 10 cents per share compared with the year-ago $58.9 million or 18 cents per share.
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| Posted: 27 Jan 2011 02:05 PM PST Robert Half International Inc. (NYSE:RHI) a leading global staffing and risk consulting services provider, has reported solid fourth quarter and full fiscal 2010 results.
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| Posted: 27 Jan 2011 02:05 PM PST BlackRock Inc.'s (NYSE:BLK) fourth quarter 2010 operating earnings of $3.42 per share were substantially ahead of the Zacks Consensus Estimate of $2.90. This also surpassed the prior quarter's earnings of $2.75 and the prior-year quarter's earnings of $2.39.
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| Microsoft Beats On Earnings, Revenue Posted: 27 Jan 2011 02:05 PM PST Microsoft (NASDAQ:MSFT) delivered a solid quarter with earnings per share coming in at 77 cents, well ahead of the Zacks Consensus Estimate of 68 cents. It was a 28% increase over the same quarter last year.
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| Precision Castparts Beats Slightly Posted: 27 Jan 2011 02:05 PM PST Precision Castparts Corp. (NYSE:PCP) released its third quarter 2011 earnings results before the opening bell today, reporting earnings per share from continuing operations of $1.80 compared with $1.61 per share in the prior year quarter. The company outperformed the Zacks Consensus Estimate by merely 1 cent.
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| Amazon Results Don’t Match Run-Up Posted: 27 Jan 2011 02:05 PM PST Investors had been giddy with excitement for Amazon.com Inc. (NASDAQ:AMZN) 4th quarter earnings results during regular trading Thursday. Before earnings were announced after the closing bell, AMZN shares had run up over $9 per share (5.17%). But then reality set in… Even though Amazon.com Inc. posted an earnings beat of 91 cents per share — the Zacks Consensus Estimate was 88 cents — the world’s largest online retailer fell short on the revenue side, posting sales of $12.95 billion in the … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Closing Bell Market Monitor: CAT, T, PG Posted: 27 Jan 2011 02:00 PM PST 01/27/11 The latest in news, commentary, and information on what’s moving the US equities markets. Watch this broadcast LIVE at 4:00 pm EST daily @ … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – EUR/USD Up At The End Of U.S. Session Posted: 27 Jan 2011 01:53 PM PST Forex Pros – The Euro was higher against the U.S. Dollar on Thursday. EUR/USD was trading at 1.3733, up 0.15% 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 0.15% to hit 0.8619 and EUR/JPY rising 1.03% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| ‘Statistics Worthy Of Detroit Or Newark’ Posted: 27 Jan 2011 01:40 PM PST In “Et in Arcadia Ego,” The Economist details the latest boom unfolding in America’s sunbelt – in unemployment, charity cases, and tent cities:
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| Forex – USD/JPY Up Toward The End Of U.S. Session Posted: 27 Jan 2011 01:38 PM PST Forex Pros – The U.S. Dollar was higher against the Japanese Yen on Thursday. USD/JPY was trading at 82.89, up 0.87% at time of writing. The pair was likely to find support at 81.98, Tuesday's low, and resistance at 83.20, today's high. Meanwhile, the U.S. Dollar was down against the Euro and up against the British Pound, with EUR/USD gaining 0.11% to hit 1.3728 and GBP/USD falling 0.02% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Raytheon Beats, Provides Outlook Posted: 27 Jan 2011 01:35 PM PST Raytheon Company (NYSE:RTN) reported fourth-quarter 2010 adjusted earnings of $1.57 per share, beating the Zacks Consensus Estimate by 42 cents. Results leaped 20% from earnings of $1.31 reported in the year-ago period. Adjusted earnings in the quarter were $575 million, up 13% from $510 million in the year ago period.
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| SAP Falls On TomorrowNow Charges Posted: 27 Jan 2011 01:35 PM PST SAP AG (NYSE:SAP) reported fourth quarter 2010 earnings per share of €0.37 (50 cents) compared to €0.57 (77 cents) in the prior-year quarter due to charges of €933 million and associated income taxes of €359 million related to TomorrowNow litigation.
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| Posted: 27 Jan 2011 01:35 PM PST Harris Corp. (NYSE:HRS) declared its second quarter of fiscal 2011 results that beat our expectations. Quarterly adjusted (excluding special charges) EPS of $1.15 was above the Zacks Consensus Estimate of $1.11. In the after market trade in NYSE, stock price of Harris was up 2 cents (0.04%) to $48.80.
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| Posted: 27 Jan 2011 01:35 PM PST California-based semiconductor Company LSI Corp. (NYSE:LSI) reported revenues of $664 million in the fourth quarter of 2010, up 4% year over year and 5.5% sequentially and beat management's guidance of $635 – $655 million. The results beat the Zacks Consensus Estimate of $649 million.
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| Posted: 27 Jan 2011 01:35 PM PST Nokia Corp. (NYSE:NOK), the largest mobile phone manufacturer of the world, declared its fourth quarter 2010 financial results, which beat both the top line and bottom line of the Zacks Consensus Estimates. Favorable product-mix biased toward converged mobile devices (smartphones & mobile computers) resulted in higher average selling price (ASP).
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| Seeking An Interest Rate Solution: Why The US Federal Reserve Should Raise Short Term Rates Posted: 27 Jan 2011 01:30 PM PST Note: This article has been authored by Taylor Cottam. We've interviewed Taylor before but for some background, Taylor has managed financial risk and traded fixed income products inside both GMAC bank and other financial institutions in Europe, North America and Canada. He is also the author of Economy Politics, numerous business and economic articles, is a CFA Charterholder, a Certified Financial Risk Manager (FRM) and holds an MBA from INSEAD. Taylor Cottam, CFA, MBA and blogger at Economy … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Will Higher Inflation In Europe Cause The ECB To Hike Rates? Posted: 27 Jan 2011 01:24 PM PST Fed is Steady as We Go, No Rush To Signal Tighter Monetary Policy
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| Forex – EUR/USD Up Toward The End Of U.S. Session Posted: 27 Jan 2011 01:23 PM PST Forex Pros – The Euro was higher against the U.S. Dollar on Thursday. EUR/USD was trading at 1.3725, up 0.09% 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 0.15% to hit 0.8619 and EUR/JPY rising 0.96% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Align’s Earnings Miss Estimates Posted: 27 Jan 2011 01:08 PM PST Align Technology (NASDAQ:ALGN) reported fourth quarter adjusted EPS of 14 cents, missing both the Zacks Consensus Estimate of 17 cents and the year-ago quarter's 16 cents. For fiscal 2010, adjusted EPS came in at 80 cents, missing the Zacks Consensus Estimate by 2 cents, but higher than 41 cents in 2009.
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| Posted: 27 Jan 2011 01:08 PM PST Symantec Corporation (NASDAQ:SYMC) reported third quarter of fiscal 2011 earnings per share of 17 cents, falling well below the Zacks Consensus Estimate of 30 cents.However, the quarter's revenue of $1.60 billion surpassed the Zacks Consensus Estimate of $1.58 billion.
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| Posted: 27 Jan 2011 01:08 PM PST Ball Corporation (NYSE:BLL) reported its reported fourth-quarter 2010 adjusted earnings of 93 cents per share, beating the Zacks Consensus Estimate by a penny. Results comfortably beat year ago earnings of 92 cents. Adjusted earnings were $82.6 million, up 4% from $79.1 million in fourth-quarter 2009.
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| U.S. Markets Close Higher; Dow Jones Up 0.04% Posted: 27 Jan 2011 01:08 PM PST Forex Pros – U.S. stocks were up after the closing bell on Thursday. At the close of U.S. trade, the Dow Jones Industrial Average rose 0.04%, the S&P 500 index gained 0.22%, while the Nasdaq 100 index climbed 0.69%. Meanwhile, across the Atlantic, European stock markets were mixed at close. France's CAC 40 was up 0.26%; Germany's DAX gained 0.40%; Britain's FTSE 100 declined 0.07%; and the EURO STOXX 50 rose … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – GBP/USD Down During The U.S. Session Posted: 27 Jan 2011 12:43 PM PST Forex Pros – The British Pound was lower against the U.S. Dollar on Thursday. GBP/USD was trading at 1.5930, down 0.02% at time of writing. The pair was likely to find support at 1.5752, Tuesday's low, and resistance at 1.6018, Tuesday's high. Meanwhile, the British Pound was down against the Euro and up against the Japanese Yen, with EUR/GBP gaining 0.20% to hit 0.8624 and GBP/JPY rising 0.83% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Analyst Interviews: Oil & Gas Industry Outlook Posted: 27 Jan 2011 12:35 PM PST OUTLOOK Crude Oil The improving economic scene, both here in the U.S. as well as worldwide, had been the main driver of the oil rally that saw the commodity zoom past the $90 per barrel level earlier this year. However, apprehensions about high U.S. crude stocks and worries that China might tighten monetary policy to fight an overheating economy, have been weighing on investor sentiments, weakening oil prices to near $88 a barrel. Another headwind for the commodity has been high levels of … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Canadian Pacific Tops Estimates Posted: 27 Jan 2011 12:35 PM PST Canadian Pacific Railway Limited (NYSE:CP), Canada's second largest railway, reported adjusted earnings per share of C$1.12 ($1.11) in the fourth quarter, ahead of the Zacks Consensus Estimate of $1.09. Adjusted earnings leaped 51% year over year, thanks to lower tax rates and increased revenue generation.
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| Stanley Beats Estimate, Future Strong Posted: 27 Jan 2011 12:35 PM PST Stanley Black & Decker (NYSE:SWK) reported its financial results for the fourth quarter of 2010 with earnings per share from continuing operations of $1.05, up roughly 16.7% from 90 cents in the comparable quarter of 2009. EPS also surpassed the Zacks Consensus Estimate of 92 cents.
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| Stock Market Summary For Thursday, January 27, 2011 Special Alert Posted: 27 Jan 2011 12:34 PM PST From our blog post last night we talked about adding ETFs to our watch list that increase in value as the stock market declines. With the S&P 500 now at 1,300 we are going to add to our watch list another position in the ProShares Short S&P Fund (symbol: SH) at the current price of $42.38 and another position in the ProShares Short QQQ Fund (symbol: PSQ) at the current price of … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| SP500 Tempts Traders With 1300 Bull Bear Battle Posted: 27 Jan 2011 12:28 PM PST If you're an active trader, no doubt you're on the edge of your trading chair trying to figure out if the S&P 500 is going to breakout through the key 1,300 level today, tomorrow, or alternately retrace deeper from here. What we're seeing is the Pure … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Colgate-Palmolive Beats Estimate Posted: 27 Jan 2011 12:05 PM PST Colgate-Palmolive Company (NYSE:CL) posted fourth-quarter earnings of $1.24 per share marginally outpacing the Zacks Consensus Estimate of $1.23 and prior-year quarter earnings of $1.21 per share.
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| Posted: 27 Jan 2011 12:05 PM PST DeVry Inc. (NYSE:DV) registered second-quarter 2011 earnings of $1.25 per share, exceeding the Zacks Consensus Estimate of $1.19 by 5.0% and the year-ago earnings by 25.0%.
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| Solid 4Q10 For Motorola Solutions Posted: 27 Jan 2011 12:05 PM PST Today, Motorola Solutions Inc. (MSI) reported its fourth quarter 2010 financial results. It was the company's first earnings report after it separated from former Motorola Inc. In the reported quarter, both top and bottom lines of Motorola Solutions saw sharp rises.
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| Civilian Aircraft Orders Nosedive Posted: 27 Jan 2011 12:05 PM PST New Orders for Durable Goods fell 2.5% in October. That was much worse than the consensus expectations for an increase of 1.5%. However, the bad news can be pegged on the extremely volatile Transportation Equipment side, and more specifically, from the Non-Defense Aircraft component, which is often the case when we get a bad headline durable goods number. That is mostly orders for big 777's and 747's from Boeing (NYSE:BA), which are very expensive items. It also includes orders for business … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – USD/CAD Up During The U.S. Session Posted: 27 Jan 2011 12:03 PM PST Forex Pros – The U.S. Dollar was higher against the Canadian Dollar on Thursday. USD/CAD was trading at 0.9942, up 0.01% at time of writing. The pair was likely to find support at 0.9912, Tuesday's low, and resistance at 1.0005, Tuesday's high. Meanwhile, the U.S. Dollar was down against the Euro and up against the British Pound, with EUR/USD gaining 0.09% to hit 1.3726 and GBP/USD falling 0.02% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| EUR/USD’s Bearish Outlook Has Upside Risk To 1.3820-1.3830 Above 1.3757 Posted: 27 Jan 2011 12:02 PM PST EUR/USD - EUR/USD is most likely in a topping pattern, with extended bearish divergence, but continues to be contained above the rising support.
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| U.S. Dollar And Gold: We Saw Their Future On TV Tuesday Night Posted: 27 Jan 2011 11:53 AM PST The other night, watching the State of the Union address, I couldn't help but be confounded by what I saw on the TV—a bunch of men and women, dressed like they are going to a wedding, hugging each other, smiling, laughing—and then it hits me. What are these people celebrating? We have a Congress that each year increases the amount of debt the United States can legally borrow to new record levels. The government needs to borrow $0.40 out of every dollar it spends (The Globe and … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| USD/CAD – What Can Price Action Tell Us In This Choppy Market Posted: 27 Jan 2011 11:37 AM PST USD/CAD - USD/CAD has been in choppy price action since breaking below parity again at the end of last year. Recent action brought the pair to test 1.0 again, but the strong attempt remains contained below it, as well as the 200SMA in the 4H chart.
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| Posted: 27 Jan 2011 11:35 AM PST Starbucks Corporation (NASDAQ:SBUX), the leading roaster and retailer of specialty coffee, registered robust results for the first quarter of fiscal 2011. Quarterly earnings of 45 cents a share were ahead of the Zacks Consensus Estimate of 39 cents by almost 16% and increased 40.6% from 32 cents delivered in the prior-year quarter. Profits were primarily driven by strong holiday season sales.
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| Fabulous 4Q For Time Warner Cable Posted: 27 Jan 2011 11:35 AM PST Time Warner Cable Inc. (NYSE:TWC) reported excellent fourth quarter of 2010 financial results, which exceeded the Zacks Consensus Estimates. The company witnessed growth across all revenue segments.
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| Forex – EUR/USD Up During The U.S. Session Posted: 27 Jan 2011 11:13 AM PST Forex Pros – The Euro was higher against the U.S. Dollar on Thursday. EUR/USD was trading at 1.3725, up 0.09% 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 0.09% to hit 0.8614 and EUR/JPY rising 0.85% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 27 Jan 2011 11:05 AM PST Caterpillar Inc. (NYSE:CAT) ended fiscal 2010 on a promising note coming off a very challenging 2009. The company's fourth quarter adjusted EPS increased almost four fold to $1.47 and fiscal 2010 adjusted EPS almost doubled to $4.15 from the prior-year comparable periods.
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| Posted: 27 Jan 2011 11:05 AM PST Baxter International (NYSE:BAX) reported fourth quarter and fiscal 2010 adjusted (excluding one-time items) earnings per share of $1.11 and $3.98, respectively, thereby beating the corresponding Zacks Consensus Estimates of $1.10 cents and $3.97, and surpassing the year-ago results of $1.03 and $3.80.
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| P&G Reports Ahead Of Estimates Posted: 27 Jan 2011 11:05 AM PST Procter & Gamble Co. (NYSE:PG) reported modest results for its fiscal second quarter of 2011. Net earnings from continuing operations were $1.11 a share, up 10% compared with $1.01 a share in the year-ago period, surpassing the Zacks Consensus Estimate of $1.10.
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| Lockheed Martin Reports Strong Posted: 27 Jan 2011 11:05 AM PST World's largest stand-alone defense contractor, Lockheed Martin Corporation (NYSE:LMT) ended fiscal 2010 with a bang. The company posted fourth-quarter 2010 operating earnings of $2.30 per share, beating both the Zacks Consensus Estimate of $2.20 and year-ago adjusted quarterly earnings of $2.19 by margins of 10 cents and 11 cents, respectively.
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| Euro Leading Index Reaches 3.5 Year High Posted: 27 Jan 2011 11:03 AM PST The Conference Board announced today that its “Leading Economic Index (LEI) for the Euro Area increased 0.8 percent in December to 107.3, following a 0.6 percent increase in November and 0.2 percent increase in October,” which was the highest level in three and-one-half years going back to the summer of 2007 (see chart above). Said Jean-Claude Manini, The Conference Board senior economist for Europe: "December brought a further increase in the Euro Area LEI, and all components rose … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Long-term Bull Populates Mead Johnson Nutrition Post-earnings Posted: 27 Jan 2011 10:46 AM PST Long-term bull populates Mead Johnson Nutrition post-earnings
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| D.R. Horton???s Loss Matches Est. Posted: 27 Jan 2011 10:35 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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| Posted: 27 Jan 2011 10:35 AM PST Bristol-Myers Squibb Company's (NYSE:BMY) fourth quarter 2010 earnings (excluding special items worth $324 million) of 47 cents per share fell short of the Zacks Consensus Estimate by a penny. However, fourth quarter earnings remained flat from the year ago period. On a reported basis (including special items), Bristol-Myers' earnings in the quarter fell 31.7% to 28 cents per share.
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| Posted: 27 Jan 2011 10:35 AM PST Electricity and natural gas company Xcel Energy Inc. (NYSE:XEL) announced its operating earnings for the fourth quarter 2010 of 29 cents per share versus 37 cents per share in the year-ago quarter, reflecting a decline of 27.6%. The results of the company were lower than the Zacks Consensus Estimate of 31 cents per share.
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| “We’re Going To Continue With The Churning Action” Posted: 27 Jan 2011 10:35 AM PST 01/27/11 ICAP’s Kenneth Polcari discusses today’s trading session and the latest … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – AUD/USD Down During The U.S. Session Posted: 27 Jan 2011 10:33 AM PST Forex Pros – The Australian Dollar was lower against the U.S. Dollar on Thursday. AUD/USD was trading at 0.9913, down 0.77% at time of writing. The pair was likely to find support at 0.9864, Monday's low, and resistance at 1.0022, Monday's high. Meanwhile, the Australian Dollar was down against the Euro and up against the Japanese Yen, with EUR/AUD gaining 0.71% to hit 1.3824 and AUD/JPY rising 0.11% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Dollar Decline Continues On Data Posted: 27 Jan 2011 05:00 AM PST 01/27/11 Growing speculation that the EU is recovering from its debt crisis and a steep rise in jobless claims … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – NZD/USD Down During The U.S. Session Posted: 27 Jan 2011 09:58 AM PST Forex Pros – The New Zealand Dollar was lower against the U.S. Dollar on Thursday. NZD/USD was trading at 0.7718, down 0.11% at time of writing. The pair was likely to find support at 0.7568, Monday's low, and resistance at 0.7747, today's high. Meanwhile, the New Zealand Dollar was up against the Australian Dollar and the Euro, with AUD/NZD shedding 0.60% to hit 1.2847 and EUR/NZD falling 0.01% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| European Markets Mixed At Close; Dax Up 0.40% Posted: 27 Jan 2011 09:53 AM PST Forex Pros – European stocks were mixed after the closing bell on Thursday. At the close of European trade, Germany's DAX rose 0.40%, London's FTSE 100 shed 0.07%, France's CAC 40 climbed 0.26% and the EURO STOXX 50 was up 0.74%. Meanwhile, on Wall Street, equity markets were up after the open. The Dow Jones Industrial Average was up 0.15%; the S&P 500 index gained 0.18%, while the Nasdaq 100 index climbed … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| GBP/JPY Respects 129.50; Bullish Scenario Or Complex Correction? Posted: 27 Jan 2011 09:39 AM PST Previous GBP/JPY post (1/26): GBP/JPY Consolidates; Looking for Further Decline - The GBP/JPY and other yen-crosses started the week pressuring the Japanese Yen.
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| Crude Decline Continues On Stockpile Jump Posted: 27 Jan 2011 09:00 AM PST 01/27/11 Front month crude prices saw another drop on Thursday following a jump in stockpiles and signs of an improving … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Housing Market Struggles Hurt D.R. Horton Posted: 27 Jan 2011 03:00 AM PST 01/27/11 Homebuilder D.R. Horton announced Thursday that it lost money during its fiscal 1Q on continued weakness in the housing … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Range Resources Secures Funding Boost And Agrees New Deal On Second Puntland Well Posted: 27 Jan 2011 03:50 AM PST Range Resources (LON:RRL) , the AIM and ASX listed oil and gas group said this morning that it had secured a three year £20m equity line facility to help fund the rapid development of its assets. The deal has been set up with Dutchess Capital and will allow Range to access cash when it needs it by issuing shares at a 7% discount to market value. In today's update, Range said it was also now set to be carried on the second of two wells planned to be drilled on its licences in the Somali … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| American Drivers Hitting The Road Again Posted: 26 Jan 2011 10:00 PM PST We often talk about the auto boom in emerging countries but you don't have to go overseas to find a red-hot auto market. Vehicle sales in the U.S. jumped 11 percent last year to 11.5 million vehicles sold.
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