Friday, February 11, 2011

DailyMarkets.com - Cephalon Beats; Ups View

DailyMarkets.com - Cephalon Beats; Ups View


Cephalon Beats; Ups View

Posted: 11 Feb 2011 10:00 AM PST

Cephalon Inc. (NASDAQ:CEPH) delivered another strong quarter with earnings of $2.19 per share, easily beating the Zacks Consensus Estimate of $1.92 and well above the year-ago earnings of $1.66. Full year earnings came in at $8.14, well above the Zacks Consensus Estimate of $7.85 and the year-ago earnings of $6.03.
Strong revenues helped Cephalon post impressive results. Fourth quarter revenues increased 34% to $770.6 million, well above the Zacks Consensus Estimate of $733 million. Full year … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Natural Res. Tops EPS, Equals Sales

Posted: 11 Feb 2011 10:00 AM PST

Natural Resource Partners L.P. (NYSE:NRP) announced its fourth-quarter 2010 operating earnings of 39 cents per unit, surpassing the Zacks Consensus Estimate by a nickel. The results of the partnership were in line with the year-ago figure.
Natural Resources’ 2010 operating earnings were $1.54 per unit compared with $1.28 per unit reported in 2009. The results of the partnership were higher than the Zacks Consensus Estimate of $1.47 per unit provided by 8 covering analysts.
Revenue
Total revenue at … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Republic Services’ Wasted Top Line

Posted: 11 Feb 2011 09:40 AM PST

Republic Services Inc. (NYSE:RSG) reported fourth quarter 2010 adjusted EPS of 42 cents, in tune with the Zacks Consensus Estimate and up 27% from 33 cents in the prior-year quarter.
Adjusted EPS in the fourth quarter of fiscal 2010 excluded loss on extinguishment of debt of 2 cents per share, and costs to achieve synergies and restructuring charges of a penny each.
The prior-year quarter's EPS excluded a loss on extinguishment of debt of 17 cents per share, costs to achieve synergies of 2 … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Wright Medical Beats Squarely

Posted: 11 Feb 2011 09:40 AM PST

Orthopedic devices maker, Wright Medical Group (NASDAQ:WMGI) reported fourth-quarter and fiscal 2010 adjusted (excluding one-time items) earnings per share of 22 cents and 68 cents, narrowly beating the Zacks Consensus Estimates of 21 cents and 66 cents, respectively.
Reported net income shot up nearly four-fold year over year to $8.9 million (or 22 cents per share) in the reported quarter. The improvement occurred in the absence of certain write-downs and write-offs from the prior-period quarter. … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Australian Dollar: The Downside Prevails

Posted: 11 Feb 2011 09:19 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: 11 Feb 2011 09:19 AM PST

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


Stock Market At A Crossroad: It’s Shake Or Bake Time

Posted: 11 Feb 2011 09:15 AM PST

Okay, so we've had the grandest of grandest rallies. The Dow Jones Industrial Average is up a whopping 89% since its March 9, 2009 low. The majority of investors missed this great opportunity to make money in the stock market, because they were selling on fear instead of buying into it. (Hopefully the majority of our readers heeded our suggestion to jump into stocks with both feet in March of 2009 and held them all the way into 2011.)

But today, the stock market, as measured by the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Panera Beats, Guides Higher

Posted: 11 Feb 2011 09:10 AM PST

Panera Bread Co. (NASDAQ:PNRA), recently posted its fourth quarter 2010 adjusted earnings of $1.21 per share, outpacing the Zacks Consensus Estimate of $1.17 as well as the prior-year quarter's earnings of 95 cents. Better-than-expected results were driven by a growth in comparable same store sales.
The restaurant chain stated that total revenue in the fourth quarter jumped 17% year over year to $428.2 million, comfortably beating the Zacks Consensus Estimate of $418.0 million.
For full fiscal … [visit site to read more] or compare Best Credit Cards and Best CD Rates


EIA: Natgas Supplies Dip Sharply

Posted: 11 Feb 2011 09:10 AM PST

The U.S. Energy Department’s weekly inventory release showed a larger-than-expected drop in natural gas supplies, primarily attributable to increased demand from the power sector. Freeze-offs/shut-ins on the back of cold weather conditions in gas producing regions also contributed to the healthy draw.  
The Weekly Natural Gas Storage Report brought out by the Energy Information Administration (EIA) every Thursday since 2002 – includes updates on natural gas market prices, latest storage … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/USD Down At The End Of European Session

Posted: 11 Feb 2011 09:00 AM PST

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

EUR/USD was trading at 1.3518, down 0.61% at time of writing.

The pair was likely to find support at 1.3506, today's low, and resistance at 1.3744, Wednesday's high.

Meanwhile, the Euro was up against the British Pound and down against the Japanese Yen, with EUR/GBP gaining 0.09% to hit 0.8457 and EUR/JPY falling 0.25% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


SP500 Price Extensions From 200 Day SMA Insights

Posted: 11 Feb 2011 08:56 AM PST

What does it mean when someone says "The SP500 is really, really overbought?"
There's many ways to measure "really, really overbought" objectively, and one of those is to compare the percentage price is extended from a certain moving average, for example the 200 day simple moving average.
Right now, price is just over 14% extended above its rising 200 day SMA, but what does that mean?  Is that a lot?
The answer is yes, but let's put that in context of the entire bear market and … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Trading: USDCHF Moves Toward Next Resistance Levels

Posted: 11 Feb 2011 08:56 AM PST

The USDCHF broke above the 100 day MA today. If the price can close above this level today (0.9685), this will be the first close above the MA level since June 25th 2010. That is signficant and the price action has reacted accordingly today with prices moving steadily higher.
Of coures, breaks higher (or lower) still have levels to get through in order to keep the bullish momentum in tact. The next target level for the USDCHF is the 0.9773 level. This is the 61.8% of the December 2010 high to … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/USD Down Toward The End Of European Session

Posted: 11 Feb 2011 08:40 AM PST

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

EUR/USD was trading at 1.3540, down 0.44% at time of writing.

The pair was likely to find support at 1.3506, today's low, and resistance at 1.3744, Wednesday's high.

Meanwhile, the Euro was up against the British Pound and down against the Japanese Yen, with EUR/GBP gaining 0.13% to hit 0.8460 and EUR/JPY falling 0.16% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Trading: GBPUSD Tests Key Resistance At The 1.6015-18 Level

Posted: 11 Feb 2011 08:32 AM PST

The GBPUSD is up testing the 50% retracement of the move up from the January 25th low to the February high, and the underside of the trendline which was broken today (trendline from the same low on January 25th). The market is at a crossroad. Staying below keeps the bearish bias. A move above will turn the bias back up. I would expect that sellers will enter against the level on the first test at least.
On the downside a move below the 1.5995 level, would please the bears (see chart below). … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Cheesecake Factory Beats By A Penny

Posted: 11 Feb 2011 08:30 AM PST

Based in Calabasas Hills, California,Cheesecake Factory Inc. (NASDAQ:CAKE) reported adjusted earnings of 36 cents a share in the fourth quarter of fiscal 2010, which surpassed the Zacks Consensus Estimate by a penny. The earnings also soared 28.6% year over year from the prior-year earnings of 28 cents a share.
The better-than-expected results were driven by comparable-store sales growth, higher traffic and effective cost management.
Cheesecake's top line showed a growth of 4.0% year over year to … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Earnings Preview: Capella Education

Posted: 11 Feb 2011 08:30 AM PST

Capella Education Company (NASDAQ:CPLA), the provider of online education, is scheduled to report its fourth-quarter 2010 financial results on February 15, 2011. The current Zacks Consensus Estimate for the quarter is $1.11 per share. For the quarter under review, revenue is $115 million, according to the Zacks Consensus Estimate.
Third-Quarter 2010, a Synopsis
Capella delivered better-than-expected third-quarter 2010 results buoyed by a rise in enrollment. The quarterly earnings of 80 cents a … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Banker Pay Curb: A Precaution?

Posted: 11 Feb 2011 08:21 AM PST

Finally, the Federal Deposit Insurance Corp. (FDIC) has awakened to enforce limits on bankers' pay. According to proposed rules issued by the FDIC earlier this week, top executives at mega banks will now have to bear a long wait—for at least three years—to get half their annual bonuses.
This is an effort to restrain excessive risk-taking by banks, which was one of the crucial reasons that sparked off the 2007–2009 financial crisis. The FDIC was bulldozed into taking this action … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Murdoch Acquires News Corp.’s Shares

Posted: 11 Feb 2011 08:21 AM PST

According to the Associated Press, Rupert Murdoch, CEO of  News Corp. (NWSA) shelled out approximately $20.2 million to acquire 1.2 million shares of his own company.
Murdoch's buyback was of non voting shares with an average cost of $16.81 per share and reflects his confidence on the well-defined future prospects of the company.
Previously, Financial Times reported that News Corp. is on the verge of buying the Shine group, founded by his daughter, Elisabeth Murdoch, in 2001.
Shine … [visit site to read more] or compare Best Credit Cards and Best CD Rates


DryShips Downgraded To Underperform

Posted: 11 Feb 2011 08:21 AM PST

We downgrade our recommendation for DryShips Inc. (NASDAQ:DRYS) to Underperform, ahead of its fourth quarter 2010 financial results. Drybulk shipping industry is going through an extreme depressive situation. Despite improving global macroeconomic scenario, the financial condition of this industry is worse than what it was a year or two ago. This is solely attributable to non-economic decision taken by the shipping companies in 2008 just before the beginning of worldwide decisions. Due to lack of … [visit site to read more] or compare Best Credit Cards and Best CD Rates


BCE Falls Short, Subscribers Grow

Posted: 11 Feb 2011 08:21 AM PST

BCE Inc. (BCE) Canada's largest telephone operator, reported fourth quarter 2010 adjusted earnings per share (EPS) of 60 Canadian cents (59 cents per ADS), which missed the Zacks Consensus Estimate by a penny. Earnings climbed 17.6% from 51 Canadian cents in the year-ago quarter attributable to higher EBITDA, lower depreciation and amortization expenses as well as fewer outstanding shares.
Fiscal 2010 adjusted earnings rose 13.6% year over year to C$2.84 ($2.76).
Consolidated revenue inched … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Flat Start For Legg Mason

Posted: 11 Feb 2011 08:21 AM PST

Baltimore-based Legg Mason Inc.'s (NYSE:LM) January 2011 assets under management (AUM) came in essentially flat with December 2010 figures. This was preceded by an AUM rise in December and fall in November.
Legg Mason reported preliminary month-end AUM of $671.8 billion for January. While liquidity and equity AUM grew in the month, it was offset by a drop in fixed income AUM.
While Legg Mason's equity AUM inched up 0.8% from the prior month to $185.6 billion but fixed income AUM slipped 0.8% … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – USD/JPY Up Toward The End Of European Session

Posted: 11 Feb 2011 08:20 AM PST

Forex Pros – The U.S. Dollar was higher against the Japanese Yen on Friday.

USD/JPY was trading at 83.43, up 0.25% at time of writing.

The pair was likely to find support at 81.78, Tuesday's low, and resistance at 83.67, today's high.

Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.42% to hit 1.3543 and GBP/USD falling 0.60% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Stock Market Summary For Friday, February 11, 2011 Special Alert

Posted: 11 Feb 2011 08:18 AM PST

We are adding the iShares Barclays 20+ Year Treasury Bond Fund ETF (symbol: TLT) at $89.22 and the iShares Barclays TIPS Bond Fund ETF (symbol: TIP) at $105.39 to our watch … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Dollar Rallies On Egypt, Risk Aversion

Posted: 11 Feb 2011 08:15 AM PST

02/11/11 The US dollar extended its rally this session following changing situations in Egypt keeping investors away from riskier … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Housing: Traffic Up, Prices Down

Posted: 11 Feb 2011 08:06 AM PST

Credit Suisse has issued their monthly Real Estate Survey. The data from over fifty major markets across the United States indicates that buyer traffic has increased and home prices continue to soften.

For the third straight month buyer traffic has increased. The level for January was the highest since April, 2010 (the last month of the homebuyer tax credit). However, the buyer remains focused on bargains. This creates trouble for new homes, as homebuilders have not reduced prices by as much … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – GBP/USD Down Toward The End Of European Session

Posted: 11 Feb 2011 07:55 AM PST

Forex Pros – The British Pound was lower against the U.S. Dollar on Friday.

GBP/USD was trading at 1.6018, down 0.50% at time of writing.

The pair was likely to find support at 1.5964, today's low, and resistance at 1.6185, Monday's high.

Meanwhile, the British Pound was down against the Euro and the Japanese Yen, with EUR/GBP gaining 0.19% to hit 0.8465 and GBP/JPY falling 0.37% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Crude Rises On Egypt, Stockpile Concerns

Posted: 11 Feb 2011 02:50 AM PST

02/11/11 Despite a rise in the US dollar, front month crude prices rallied above $87 a barrel this session following on growing concerns over the turmoil in … [visit site to read more] or compare Best Credit Cards and Best CD Rates


4Q Profits Pop For Coca-Cola Enterprises

Posted: 11 Feb 2011 02:45 AM PST

02/11/11 Coca-Cola Enterprises announced an improvement in its 4Q results on improved sales on higher … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Opening Bell Market Monitor: F, KFT, NOK, MSFT

Posted: 11 Feb 2011 02:37 AM PST

02/11/11 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


Forex Trading: EURUSD Fails On Move Below And Moves Higher

Posted: 11 Feb 2011 07:31 AM PST

Forex – EUR/USD Down During The European Session

Posted: 11 Feb 2011 07:30 AM PST

Forex Pros – The Euro was lower against the U.S. Dollar on Friday after the release of U.S. data on Trade Balance.

EUR/USD was trading at 1.3558, down 0.32% at time of writing.

The pair was likely to find support at 1.3506, today's low, and resistance at 1.3744, Wednesday's high.

Earlier in the day, official data showed that The U.S. trade balance fell less-than-expected to a seasonally adjusted -40.60B last month from -38.30B in the preceding month.

Analysts had expected U.S. trade … [visit site to read more] or compare Best Credit Cards and Best CD Rates


EUR/USD At The Neckline

Posted: 11 Feb 2011 07:27 AM PST

EUR/USD Might be Forming Head and Shoulder (2/10)
EUR/USD

- Following up with the start of the decline yesterday, we are now seeing the market complete the head and shoulder as it tests the lower bound of the neckline at 1.35. Some might even say it has broken, when breaking below the 1.3540 level.
- There is some support at the moment. A pullback should respect the zone between 1.36 and 1.3650 if the market is developing a strong bearish attempt.
- The bearish targets remain 1.34 and 1.3250 … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Trading: EURUSD Moves Back Above The 100 Day MA

Posted: 11 Feb 2011 07:23 AM PST

The 1.3507 break failed and the price moved higher. The price is back above the 1.3541 level which is the 100 day MA. A failure to extend the downside, should lead to short covering as the weekend … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Bonds Rally As Protesters Take The Night Boat To Cairo

Posted: 11 Feb 2011 07:12 AM PST

Yields are lower across the world as a weekend of uncertainty inspired a bid behind government bonds. Demand for the safety of bonds dovetailed with demand for dollars as investors took no chances with global equities continuing to look expensive in light of rising Middle Eastern tensions following the retrenchment of Egyptian leader Mubarak. On Thursday his people were in buoyant mood ahead of a scheduled speech from the President. By Friday the mood has soured after an apparent concession to … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Tower Resources Raises New Cash And Targets First Namibia Well In 2011

Posted: 11 Feb 2011 01:53 AM PST

Tower Resources (LON:TRP), the oil and gas exploration company with interests in Uganda and Namibia, has raised £4.275m in a significantly oversubscribed share placing priced at 4.75p. The new cash will be used to increase the company's working capital resources and help it fund near term seismic operations in Uganda. After two unsuccessful wells drilled on its EA5 licence in Uganda between 2009 and early 2010, the company is hoping to get lucky with its third attempt later this … [visit site to read more] or compare Best Credit Cards and Best CD Rates


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