Monday, February 14, 2011

DailyMarkets.com - COP: A Peek Into ’11 Budget

DailyMarkets.com - COP: A Peek Into ’11 Budget

COP: A Peek Into ’11 Budget

Posted: 14 Feb 2011 12:05 PM PST

Major global integrated oil company ConocoPhillips (NYSE:COP) announced a capital budget program of $13.5 billion for 2011.
The lion's share of this financial plan, about $12.0 billion or 90%, will be expended toward exploration & production. Approximately $6.0 billion will be burnt up in developing and expanding the liquids-rich resource plays of North America.
The primary emphasis will be on the Eagle Ford Shale along with the Permian, Bakken and Barnett Fields. Further expenditures will … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Cheaper Subs From General Dynamics

Posted: 14 Feb 2011 12:05 PM PST

Defense and aerospace operator General Dynamics Corporation (NYSE:GD) was awarded a $60 million U.S. Navy contract modification focused on design changes to make the Virginia-class submarines more affordable. Work on the contract will be done by General Dynamics' wholly owned subsidiary General Dynamics Electric Boat.
General Dynamics was initially awarded the contract known as Block III in 2008. The contract, potentially valued at $14 billion, stipulated delivery of eight submarines. The last … [visit site to read more] or compare Best Credit Cards and Best CD Rates

California Pizza Kitchen Tops

Posted: 14 Feb 2011 11:35 AM PST

California Pizza Kitchen, Inc. (NASDAQ:CPKI) recently posted fourth-quarter 2010 adjusted earnings of 17 cents per share, above the Zacks Consensus Estimate of 9 cents.
On a GAAP basis, including litigation and settlement costs, store closure cost, expenses related to review of strategic alternatives and tax benefit, California Pizza Kitchen recorded earnings of 2 cents compared with the loss of 41 cents in the year-ago quarter.
The pizza restaurant chain said that total revenues for the fourth … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Beacon Tops Zacks Estimates

Posted: 14 Feb 2011 11:35 AM PST

Beacon Roofing Supply Inc. (NASDAQ:BECN) delivered earnings per share (EPS) of 22 cents in its first quarter ended December 31, 2010, outperforming the Zacks Consensus Estimate of 15 cents and 17 cents reported in the year-ago quarter.
Enhanced sales coupled with lower interest expense were partially offset by the impact from a lower gross margin rate, compared to last year’s first quarter, as well as higher expenses and income taxes.
Total revenue went up 10% year over year to $404.8 million and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Hot Option Plays: Valentine’s KISS

Posted: 14 Feb 2011 11:18 AM PST

Cusick's Corner
KISS: Keep It Simple – it's low volume on this grind to the upside, the market is overbought and commercial traders are pulling off their hedges (specifically in the NAZ and DOW futures), all going to put your discipline and your plan to test. Now those of you who have been winging it by going long but with no plan, you will be the first to go when there is a moment of doubt. Some might ask when that moment is. I am looking for a blow-out that breaks the upper channel … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Down In U.S. Trading Hours

Posted: 14 Feb 2011 11:15 AM PST

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

EUR/USD was trading at 1.3475, down 0.55% at time of writing.

The pair was likely to find support at 1.3429, today's low, and resistance at 1.3744, Wednesday's high.

Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.70% to hit 0.8405 and EUR/JPY falling 0.72% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stratasys Delivers Decent 4Q

Posted: 14 Feb 2011 11:05 AM PST

Stratasys Inc. (SSYS) reported fourth quarter 2010 earnings per share of 20 cents, 5 cents ahead of the Zacks Consensus Estimate. 
Revenue 
Stratasys reported fourth quarter 2010 revenue of $33.8 million, up 29.0% from $26.2 million reported in the year-ago quarter. Growth in revenue was attributable to an improvement in business conditions, which translated into substantial improvement in system shipments.
The company witnessed an improvement in revenue from consumable, which grew … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Incyte Buoyed By Strong Revs

Posted: 14 Feb 2011 11:05 AM PST

Incyte Corporation's (NASDAQ:INCY) fourth quarter 2010 earnings of 24 cents per share surpassed the Zacks Consensus Estimate by 5 cents. The company suffered a loss of approximately 45 cents (excluding special items) in the year-ago quarter. Earnings in the final quarter of 2010 were helped by a surge in revenues and a fall in total cost and expenses.
Total revenues in the reported quarter jumped to $85.9 million from $6.9 million in the year-ago quarter. Revenues were boosted by the amortization … [visit site to read more] or compare Best Credit Cards and Best CD Rates

“Waiting To See…Egypt Power Transition “

Posted: 14 Feb 2011 10:52 AM PST

02/14/11 Seaport Securities’ Jason Weisberg discusses the latest M&A action and geopolitical concerns, as the trading week kicks … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Time Warner Cable Call Buyer Tunes In For A Rally

Posted: 14 Feb 2011 10:42 AM PST

Time Warner Cable call buyer tunes in for a rally
Today’s tickers: TWC, RVBD, EXPE & CL
Time Warner Cable Inc. (NYSE:TWC) – An investor expecting shares in Time Warner Cable to pop ahead of March expiration initiated a large stock and option combination play just before 12:30pm in New York. Shares in the TWC are currently down 0.80% this afternoon to stand at $70.53. It looks like the trader enacted a delta neutral position, selling 150,000 shares of the underlying at $70.60 each, and buying … [visit site to read more] or compare Best Credit Cards and Best CD Rates

American Capital Agency 4Q Rocks

Posted: 14 Feb 2011 10:40 AM PST

American Capital Agency Corp. (NASDAQ:AGNC), a real estate investment trust (REIT) that focuses on investments in mortgage pass-through securities and collateralized mortgage obligations (CMOs), reported earnings of $2.50 per share during fourth quarter 2010, compared to $1.79 in the year-earlier quarter. Excluding one-time items, recurring net income for the reported quarter was $1.26 per share.
For full year 2010, the company reported net income of $7.89 per share compared to $6.78 in the previous … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Valspar Beats Estimates

Posted: 14 Feb 2011 10:35 AM PST

Valspar Corporation's (NYSE:VAL) net earnings moved up 3 cents to 39 cents from last year's 36 cents and beat Zacks Consensus Estimate of 37 cents. Adjusted net earnings excluded charges relating to its Wattyl acquisition and restructuring actions of 5 cents and 2 cents per share respectively. Including these charges earnings per share was 34 cents — flat year over year.
Revenues
Quarterly sales jumped about 25.3% year over year to $842.4 million driven by stronger volumes on the back of new … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Mixed Bag At Shire

Posted: 14 Feb 2011 10:35 AM PST

Shire plc's (NASDAQ:SHPGY) fourth quarter 2010 earnings (excluding special items) of $1.03 per ADS, though in line with the Zacks Consensus Estimate were 7% below the year-ago earnings. The year-over-year decline was attributable to higher operating expenses which more than offset the increase in revenues during the reported quarter.
Quarter in Detail
Quarterly revenues increased 4.2% to $931.2 million, well above the Zacks Consensus Estimate of $894 million. Increased product sales helped boost … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – AUD/USD Up In U.S. Trade

Posted: 14 Feb 2011 10:35 AM PST

Forex Pros – The Australian Dollar was higher against the U.S. Dollar on Monday.

AUD/USD was trading at 1.0031, up 0.08% at time of writing.

The pair was likely to find support at 0.9961, Friday's low, and resistance at 1.0152, Wednesday's high.

Meanwhile, the Australian Dollar was up against the Euro and down against the Japanese Yen, with EUR/AUD shedding 0.55% to hit 1.3444 and AUD/JPY falling 0.05% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Japan’s Economy Contracts In 4th Quarter, Chinese Trade Data Shows Strong Surge In Imports

Posted: 14 Feb 2011 10:17 AM PST

Japan's economy shrank 0.3% in the 4th quarter, a figure that while negative at least beat expectations of a larger drop. The decline came as private consumption retrenched, down 0.7% q/q. Private demand was flat on in the quarter as weak household spending was countered by an increase in private residential investment (up 3.0%). While government spending increase 0.2%, government investment fell back 5.8%, making public demand negative (-0.7%). Exports were also negative during the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Earnings Preview: NetApp Inc.

Posted: 14 Feb 2011 10:05 AM PST

NetApp Inc. (NASDAQ:NTAP) is scheduled to announce its third quarter 2011 results on February 16. Upward revisions to estimates reflect positive sentiments on the stock.
Second Quarter Overview
NetApp reported solid second quarter 2011 numbers, with both earnings per share and revenue exceeding the Zacks Consensus Estimates.
A surge in product demand fueled by new product launches and enhanced customer satisfaction led to a 32.6% year-over-year increase in total revenue. Extended partnership … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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

Posted: 14 Feb 2011 10:00 AM PST

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

NZD/USD was trading at 0.7572, down 0.43% at time of writing.

The pair was likely to find support at 0.7546, today's low, and resistance at 0.7756, Wednesday's high.

Meanwhile, the New Zealand Dollar was down against the Australian Dollar and the Euro, with AUD/NZD gaining 0.58% to hit 1.3255 and EUR/NZD rising 0.04% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

European Markets Mixed At Close; Dax Up 0.34%

Posted: 14 Feb 2011 09:55 AM PST

Forex Pros – European stocks were mixed after the closing bell on Monday.

At the close of European trade, Germany's DAX rose 0.34%, London's FTSE 100 gained 0.01%, France's CAC 40 declined 0.11% and the EURO STOXX 50 was down 0.20%.

Meanwhile, on Wall Street, equity markets were mixed after the open. The Dow Jones Industrial Average was down 0.07%; the S&P 500 index gained 0.11%, while the Nasdaq 100 index climbed … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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