Tuesday, February 8, 2011

DailyMarkets.com - Becton 1Q Mixed, Profit Inches Up

DailyMarkets.com - Becton 1Q Mixed, Profit Inches Up

Becton 1Q Mixed, Profit Inches Up

Posted: 08 Feb 2011 10:00 AM PST

Becton, Dickinson and Company (NYSE:BDX) has announced first-quarter fiscal 2011 adjusted (excluding one-time items) earnings per share of $1.35, beating the Zacks Consensus Estimate of $1.29 while surpassing the year-ago figure of $1.30. Net income from continuing operations (on a reported basis) for the quarter increased 3.3% to about $314 million (or $1.35 a share).
Revenues
Becton, Dickinson recorded revenues of $1.84 billion for the reported quarter, down 1.4% year over year (or 1.5% in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Lincare EPS Meets, Profit Jumps

Posted: 08 Feb 2011 10:00 AM PST

Lincare Holdings (NASDAQ:LNCR), a leading provider of oxygen and respiratory therapies, reported fourth quarter fiscal 2010 earnings per share of 48 cents, matching the Zacks Consensus Estimate while exceeding the year-ago earnings of 41 cents. Net income climbed 13.4% year over year to $46.1 million on the back of higher revenues.
For fiscal 2010, earnings of $1.87 per share also came in line with the Zacks Consensus Estimate and surpassed the year-ago earnings of $1.32. Profit cruised by a third … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Luminex Beats, Profit Skids

Posted: 08 Feb 2011 09:40 AM PST

Luminex Corporation (NASDAQ:LMNX), a developer of biological testing technologies, reported fourth quarter fiscal 2010 adjusted (excluding one-time items) earnings per share of 7 cents, ahead of the Zacks Consensus Estimate of 5 cents while trailing the year-ago earnings of 10 cents. For fiscal 2010, adjusted earnings of 12 cents also beat the Zacks Consensus Estimate of 10 cents and exceeded the year-ago earnings of 6 cents.
However, net income (as reported) for the fourth quarter and fiscal 2010 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Australian Dollar: Under Pressure

Posted: 08 Feb 2011 09:18 AM PST

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

Canadian Dollar: The Downside Prevails

Posted: 08 Feb 2011 09:18 AM PST

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

Raytheon Gets $107 Million Contract

Posted: 08 Feb 2011 09:15 AM PST

Defense contractor Raytheon Company (NYSE:RTN) has received a $107 million contract to help design high-powered radar installations for the U.S. Air Force’s Space Fence program.
Under this contract, Raytheon will develop a preliminary design and test a functional radar prototype to ensure cost effectiveness and certainty of supply as per schedule and technical maturity of the final design in support of Milestone B.
This contract is the second phase of a multiphase acquisition program, leading to … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Coventry Beats, Provides Outlook

Posted: 08 Feb 2011 09:10 AM PST

Coventry Health Care Inc. (NYSE:CVH) reported its fourth-quarter adjusted earnings of $142.1 million or 96 cents per share, exceeding the Zacks Consensus Estimate of 89 cents. Full year 2010 earnings were $546.4 million or $3.70 per share, which also surpassed the Zacks Consensus Estimate of $3.61.
Coventry's adjusted earnings in the fourth quarter excludes the favorable impact of 5 cents from the Medicare Advantage Private Fee-for-Service (MA-PFFS) product, while full-year earnings excludes the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Evergreen In The Red Zone

Posted: 08 Feb 2011 09:10 AM PST

Massachusetts-based Evergreen Solar Inc. (NASDAQ:ESLR) reported un-audited preliminary results for the quarter ended December 31, 2010. The company clocked $89.3 million in revenues for the fourth quarter of 2010 missing the Zacks Consensus Estimate of $100 million. Results however were higher than both the year-ago and sequential quarterly revenues of $74.5 million and $86.5 million, respectively. Shipments for the fourth quarter of 2010 increased to approximately 47 MW, compared to approximately … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Recent Pullback May Allow Stocks To Move Higher

Posted: 08 Feb 2011 09:07 AM PST

Back on January 19, 2011, we made some projections regarding the market's extended technical state and the possible onset of a correction; from that post:
The extended technical state of the markets will need to be cleared at some point over the coming weeks. Our market models, along with historical market data, enable us to make some guesstimates regarding when a pullback may begin. Recently, we used the CCM Bull Market Sustainability Index (BMSI) and some back-of-the envelope … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Monster Employment Index Gains 25% In January

Posted: 08 Feb 2011 09:06 AM PST

The Monster Employment Index Europe increased in January by 25% from its year-ago level, the largest year-over-year increase of the current economic expansion (see chart above), and above the 22% gain in December.  There were especially strong annual gains for online job demand in Germany (+37%), Sweden (+32%), France (+23%) and the U.K.’s IT sector (+34%). … [visit site to read more] or compare Best Credit Cards and Best CD Rates

CHF/JPY’s Bearish Scenario; 85.00 Is Key Support

Posted: 08 Feb 2011 09:05 AM PST

CHF/JPY

- Today's bearish engulfing candle is suggesting another test at cracking the 85.00 support. A break below that completes a double top and signals a bearish attempt.
- The RSI in the daily has already developed a bearish divergence, with price action declining. A break below 40, suggests termination of the bullish mode. A break below 30 should confirm a bearish attempt.
- The targets for this bearish attempt appear first in the near-term to be 84.50 (50% retracement). Perhaps from … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Belle Corporation (BEL) To Head Back North?

Posted: 08 Feb 2011 08:53 AM PST

Willy Ocier-led Belle Corporation or BEL in the Philippine Stock Exchange was one of the top stories in the domestic stock market in 2010. It was actually a sleeper during the first half of last year. Imagine, it was only trading below PHP at around PHP 1.80 in July before it eventually made a move north. From August until the end of 2010, it rose from PHP 1.85 to PHP 4.60. It did not stop there as BEL continued to move higher in January 2011 and on January 19, it reached a high PHP 6.49. From … [visit site to read more] or compare Best Credit Cards and Best CD Rates

GSK Sells Zovirax Rights To VRX

Posted: 08 Feb 2011 08:40 AM PST

Valeant Pharmaceuticals International (NYSE:VRX) recently entered into an agreement to acquire all the US and Canadian rights to GlaxoSmithKline plc's (NYSE:GSK) herpes viruses treatment, Zovirax, for $300 million. The transaction is subject to customary closing conditions.
For 2010, Glaxo recorded sales of $236 million from the drug.
Prior to this agreement, Glaxo used to supply Zovirax to Biovail Laboratories (a subsidiary of Valeant) for marketing and distribution solely in the US.
Apart from … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Big Lots Up For Sale?

Posted: 08 Feb 2011 08:40 AM PST

This article has been unpublished. Walter, need new message.
 
BIG LOTS INC (BIG): Free Stock Analysis … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Principal Fin. Bottom Line Lags

Posted: 08 Feb 2011 08:40 AM PST

Principal Financial's (NYSE:PFG) fourth quarter operating earnings of 66 cents per share lagged the Zacks Consensus Estimate by 2 cents. Results were ahead of 63 cents earned in the prior-year quarter. Operating earnings were $214.1 million, up by 5% from $203.9 million in the corresponding quarter last year.
Strong performance at Retirement and Investor Services as well as at Principal Global Investors largely drove the year-over-year improvement.
Including net realized capital losses of $37.3 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Big Lots Up For Sale?

Posted: 08 Feb 2011 08:40 AM PST

According to Bloomberg, Big Lots Inc. (NYSE:BIG), the largest broad-line closeout retailer is looking for strategic choices, which might include a possible sale of the company.
The discount retailer, which competes with Target Corporation (NYSE:TGT) and Wal-Mart Stores Inc. (NYSE:WMT), has hired Goldman Sachs to guide on the evaluation process.
However, the company has not made any statements in terms of explicit actions regarding the sale of the company or in any other possibilities.
The buzz is that … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Crude Declines On Money Market Volatility

Posted: 08 Feb 2011 08:30 AM PST

02/08/11 Front month crude prices experienced another slide this session following growing volatility in the forex … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Prices Fail To Stall Corn Demand

Posted: 08 Feb 2011 08:18 AM PST

Today’s Idea
Corn fundamentals remain strong and may remain strong for the foreseeable future. The US has had the good fortune of having a bountiful harvest, but much of the world has experienced the polar opposite, including the world’s most populated nation, China. However, prices may have gotten a bit ahead of themselves, which could trigger heavy liquidation in the event of a bearish USDA report. Technically, the Corn chart does not seem to have many technical barriers from testing all-time … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Avon Products Misses Our Estimates

Posted: 08 Feb 2011 08:10 AM PST

Avon Products Inc. (NYSE:AVP) recently posted fourth-quarter 2010 adjusted earnings of 59 cents a share, which fell short of the Zacks Consensus Estimate of 67 cents and dipped 13.2% from the year-ago figure of 68 cents a share.
For the fiscal 2010, the company reported adjusted earnings per share of $1.80 compared with $1.75 in the year-ago quarter. Earnings also failed to meet the Zacks Consensus Estimate of $1.89 per share.
On a reported basis, including one-time items, earnings dropped 15% to … [visit site to read more] or compare Best Credit Cards and Best CD Rates

L-3 Comm. Set To Redeem $650M Notes

Posted: 08 Feb 2011 08:10 AM PST

Aerospace and defense operator L-3 Communications Holdings Inc. (NYSE:LLL) announced that its unit, L-3 Communications Corporation, has started a process to redeem its $650 million of 5.875% Senior Subordinated Notes due in 2015.
March 9, 2011, has been fixed by L-3 Communications’ unit for redemption of the notes, at a price of 101.958% of the principal amount, plus the accrued and unpaid interest till that date. The Bank of New York Mellon has been appointed as the paying agent and the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Record 2010 EPS At Badger Meter

Posted: 08 Feb 2011 08:10 AM PST

Badger Meter Inc. (NYSE:BMI) has delivered earnings of 42 cents per share in its fourth quarter ended December 31, 2010, rising a sharp 23.5% from 34 cents per share in the year-ago quarter and meeting the Zacks Consensus Estimate.
Increased sales of automatic meter reading (AMR) and advanced metering infrastructure (AMI) technology products, cost control measures, as well as price increases helped drive the favorable outcome though offset partially by higher copper costs. Results also reflect … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Weak Volume Rocks The NYSE; 4Q Net Profit Dips 22%

Posted: 08 Feb 2011 03:00 AM PST

02/08/11 Stock exchange operator NYSe Euronext Inc. (NYX) announced Tuesday that its 4Q net profit fell 22% and revenue slide … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: USDJPY Tests Key Support At 82.01 Area

Posted: 08 Feb 2011 07:43 AM PST

Yields Struggle To Remain Ahead On The Session

Posted: 08 Feb 2011 07:30 AM PST

Bonds continue to trade on the soft side ahead of U.S. auctions this week and as yields prod the upside in fear of monetary tightening. Not helping matters today is another remedial interest rate increase from the Chinese authorities.
Eurodollar futures – The U.S. will auction $72 billion throughout this week across the term horizon. In anticipation of increased supply yields are creeping higher. Small business optimism rose during January marginally outpacing a forecast with a 94.1 index … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Opening Bell Market Monitor: AVP, MCD, SLE

Posted: 08 Feb 2011 07:26 AM PST

02/08/11 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

Kentz Acquires South African Engineering Services Company RNE

Posted: 08 Feb 2011 02:41 AM PST

Kentz (LON:KENZ) , the AIM quoted engineering and construction group, has acquired engineering services company RNE Engineering and Projects (Pty) Ltd from its founders and other shareholders for Rand 73m (approximately £6.2m) over four years. RNE undertakes project management, engineering and design services including process, mechanical, piping, civil and structural engineering for oil, gas and petrochemical process plants. It is involved in both capital expenditure projects and asset … [visit site to read more] or compare Best Credit Cards and Best CD Rates

EnCore Oil Disappointed By Catcher North Oil And Gas Discovery

Posted: 08 Feb 2011 01:35 AM PST

Oil and gas group Encore Oil (LON:EO.). reported this morning that its Catcher North appraisal well on block 28/9 in the UK North Sea had successfully encountered hydrocarbons and that pressure data indicated that Catcher North was part of the Catcher and Catcher East accumulation. The main objective of the well was to appraise the Tay and Cromarty reservoirs to the North of the Catcher discovery, which was made in June 2010. Hydrocarbons were discovered in both the Tay and Cromarty Sandstone … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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