Wednesday, February 23, 2011

DailyMarkets.com - Dillard’s Beats Estimates

DailyMarkets.com - Dillard’s Beats Estimates


Dillard’s Beats Estimates

Posted: 23 Feb 2011 10:05 AM PST

Dillard’s Inc. (NYSE:DDS), the leading fashion apparel, cosmetics and home furnishings retailer, posted fourth-quarter earnings of $1.55 per share, outpacing the Zacks Consensus Estimate of $1.25 per share and prior-year quarter earnings of $1.04 per share.
On a reported basis, including one-time items, Dillard’s reported earnings of $1.75 per share compared with the prior-year quarter’s earnings of $1.08 per share.
Dillard’s top-line (including CDI Contractors, LLC or CDI) grew 5.5% to $1,934.3 … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Lockheed To Hive PAE Business

Posted: 23 Feb 2011 09:55 AM PST

Defense contractor Lockheed Martin Corporation (NYSE:LMT) decided to dispose of its Pacific Architects and Engineers Incorporated ("PAE") business to Lindsay Goldberg, LLC.
Lockheed Martin acquired PAE in 2006, which provided services that supported military readiness, peacekeeping missions, personnel recruitment and training, and disaster relief services. The acquired unit then became a part of the Information & Technology Services segment of the company.
Post-acquisition, the company … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Libya And Your Stocks: The Real Risk And Opportunity

Posted: 23 Feb 2011 09:37 AM PST

Today marks the ninth consecutive day of protests in Libya. It's big news for American companies, because the rebellion in Libya is the first civil unrest in a major oil-producing country.

I've been following Libyan leader Muammar al-Qaddafi for years. If you thought Saddam Hussein was a piece of work, you need to do a Google on Qaddafi. He's been milking Libya's coffers for years. And now he's telling us that, after 42 years of ruling the country, he will fight with every … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Israeli Distribution Deal

Posted: 23 Feb 2011 09:35 AM PST

Brian Marckx, CFA
Israeli Distribution Deal – Boon For "Trauma" Use?
In December 2010 Vicor Technologies (VCRT) announced that they signed a distribution deal for its PD2i Analyzer in parts of Asia, including China.  This morning a company press release announced an agreement with Hadar Medical and Training Services for distribution of Vicor's Analyzer in Israel and Palestine.  Terms of the call for Hadar to gain approval of the PD2i Analyzer from Israeli … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Earnings Scorecard: Nordstrom

Posted: 23 Feb 2011 09:35 AM PST

Nordstrom Inc. (NYSE:JWN) recently posted earnings growth of 35.0% to reach $1.04 per share in the fourth quarter of fiscal 2010 from 77 cents per share earned in the year-ago period. Earnings per share beat the Zacks Consensus Estimate of $1.00 per share.  
For fiscal 2010, earnings per share came in at $2.75 per share, up 36.8% year over year and ahead of the Zacks Consensus Estimate of $2.71 per share.
Quarterly Review
Nordstrom's same-store sales and top-line trends were also … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Alere Beats, But Losses Swell

Posted: 23 Feb 2011 09:35 AM PST

Alere (ALR), a medical products company focused on integrating rapid diagnostics with health management, reported fourth-quarter and fiscal 2010 adjusted earnings per share of 77 cents and $2.69, respectively, beating the corresponding Zacks Consensus Estimates of 62 cents and $2.28. 
Reported net loss was about $1 billion (or $12.24 per share) in the fourth quarter, sharply higher from a minor loss of $3.1 million (4 cents per share) in the prior-year period. Reported net loss in the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Astec Beats, Bottom Line Rebounds

Posted: 23 Feb 2011 09:35 AM PST

Astec Industries Inc. (NASDAQ:ASTE) delivered an adjusted EPS of 26 cents in its fourth quarter ended December 31, 2010, reversing the year-ago loss of 2 cents. The company was safely ahead of the Zacks Consensus Estimate of 22 cents.
The prior-year quarter excluded a net loss from intangible asset impairment charges of 67 cents per share.  Including this, Astec had reported a loss per share of 69 cents in the fourth quarter of fiscal 2009.
Revenues in the quarter were $190.8 million, a 7.3% … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Stock Market Calls For Incremental Approach

Posted: 23 Feb 2011 09:32 AM PST

As of 7:50 a.m. ET, the markets are stable, which is a good sign for now. The situation with Col. Moammar Gadhafi needs to be monitored closely. This morning's Wall Street Journal (WSJ) provides a good visual of the unrest:
On the ground in the eastern chunk of this oil-rich desert nation, the signs of rebellion are plain to see in the armories of a military base near Baida: Weapons crates lie busted open and empty. Rifles are missing from their racks. Left behind are helmets and … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Quanta Services Outperforms

Posted: 23 Feb 2011 09:05 AM PST

Quanta Services Inc. (NYSE:PWR) reported its fourth-quarter and full-year 2010 earnings results before the market opened today. For the fourth quarter of 2010, adjusted earnings per share came in at 23 cents, beating the Zacks Consensus Estimate of 16 cents but below the prior-year earnings per share of 31 cents.
Adjusted earnings per share were 92 cents for 2010, outpacing the Zacks Consensus Estimate of 74 cents and prior-year earnings of 90 cents.
Total Revenue
Total revenue for the quarter was … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Earnings Scorecard: Ecolab

Posted: 23 Feb 2011 09:05 AM PST

Ecolab's (NYSE:ECL) fourth-quarter fiscal 2010 results, announced on February 17, were met with bearish reactions from the analysts as reflected by a host of downward revisions. The Minnesota-based leading cleaning and sanitation products maker posted adjusted earnings of 60 cents for the quarter which missed the Zacks Consensus Estimate by a penny, representing a negative surprise of 1.64%.
Fourth Quarter Revisited
Net income for the quarter leaped 13% year over year to $131.3 million owing to … [visit site to read more] or compare Best Credit Cards and Best CD Rates


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

Posted: 23 Feb 2011 09:00 AM PST

Forex Pros – The Euro was higher against the U.S. Dollar on Wednesday after the release of U.S. data on Existing Home Sales.

EUR/USD was trading at 1.3760, up 0.80% at time of writing.

The pair was likely to find support at 1.3526, Tuesday's low, and resistance at 1.3786, today's high.

Earlier in the day, industry data showed that existing home sales rose unexpectedly to a seasonally adjusted annual rate of 5.36M last month from 5.22M in the preceding month whose figure was revised down … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Earnings Preview: Newmont Mining

Posted: 23 Feb 2011 08:25 AM PST

Newmont Mining Corp. (NYSE:NEM) is slated to release its fourth-quarter 2010 results on Thursday, February 24 before the market opens. The current Zacks Consensus Estimate for the fourth quarter is $1.14 per share, representing an annualized growth of 0.13%.
With respect to earnings surprise, over the trailing four quarters, Newmont has outperformed the Zacks Consensus Estimate in three out of the four quarters. The average earnings surprise was a positive 13.84%, signifying that the company has … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Australian Dollar: The Downside Prevails

Posted: 23 Feb 2011 08:18 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: 23 Feb 2011 08:18 AM PST

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


Two Dozen Bullish Charts: U.S. Economy Is Strong

Posted: 23 Feb 2011 08:17 AM PST

From Scott Grannis, who comments:  

“As we now face another source of concern with the political turmoil in the Middle East and rising oil prices, I thought it might be helpful to review those same charts plus a few others. As should be evident, the fundamentals of the U.S. economy remain strong, and this is good reason to expect that the economy will continue to push ahead in spite of the headwinds it … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – Dollar Slumps Vs. Rivals As Euro, Pound Boosted By Rate View

Posted: 23 Feb 2011 08:15 AM PST

Forex Pros – The U.S. dollar was broadly lower against its major counterparts on Wednesday, as the euro and pound jumped to multi-week highs amid speculation the European Central Bank and the Bank of England would hike interest rates to curb inflation. 

During U.S. morning trade, the greenback was down against the euro, with EUR/USD jumping 0.79% to hit a three-week high of 1.3759, after European Central Bank policymakers indicated the central bank could raise rates to tame … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Trading: USDCAD Falls From The Channel Resistance

Posted: 23 Feb 2011 08:14 AM PST

The support comes in at 0.9920 level. This is the 61.8% of the move down from the Feb 10th high to the low. This level was broken earlier today.  The high from yesterday is also near the level at 0.9918.   If the level is broken, look for additional momentum to the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


CNO Financial Beats On Top Line

Posted: 23 Feb 2011 08:11 AM PST

CNO Financial Group, Inc. (NYSE:CNO) reported its fourth-quarter net operating income of $51.7 million or 18 cents per share, well ahead of the Zacks Consensus Estimate of 16 cents. This also compares favorably with income of $32.0 million or 15 cents in the year-ago quarter. The improved showing was the result of strong top-line growth in all the business segments and improved capital ratios.
In fiscal 2010, CNO Financial also posted strong net operating earnings of 65 cents per share, exceeding … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Questar Beats Top And Bottom Line

Posted: 23 Feb 2011 08:11 AM PST

Natural gas-focused energy company, Questar Corp. (STR) reported impressive fourth quarter and full-year 2010 results, thanks to superb execution by its business units and lower operating and maintenance expense.
Earnings per share in the fourth quarter came in at 36 cents, surpassing both the Zacks Consensus Estimate and the prior-year quarter result of 31 cents. Full-year 2010 earnings, excluding separation costs, were $1.13 per share, up 10.8% year over year and 4.6% above our … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Earnings Preview: Goldcorp Inc.

Posted: 23 Feb 2011 08:11 AM PST

Goldcorp Inc. (NYSE:GG) is slated to release its fourth-quarter 2010 results on Friday, February 25 before the market opens. The current Zacks Consensus Estimate for the fourth quarter is 49 cents, representing a significant annualized growth of 95.75%.
With respect to earnings surprise, over the trailing four quarters, Goldcorp has outperformed the Zacks Consensus Estimate in two out of the four quarters. The average earnings surprise was a negative 4.93%, implying that the company has … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Earnings Preview: Goldcorp Inc.

Posted: 23 Feb 2011 08:11 AM PST

Goldcorp Inc. (NYSE:GG) is slated to release its fourth-quarter 2010 results on Friday, February 25 before the market opens. The current Zacks Consensus Estimate for the fourth quarter is 49 cents, representing a significant annualized growth of 95.75%.
With respect to earnings surprise, over the trailing four quarters, Goldcorp has outperformed the Zacks Consensus Estimate in two out of the four quarters. The average earnings surprise was a negative 4.93%, implying that the company has … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Earnings Preview: Calgon Carbon

Posted: 23 Feb 2011 08:11 AM PST

Calgon Carbon Corporation (NYSE:CCC) is slated to release its fourth-quarter 2010 results on Thursday, February 24 after the market closes. The current Zacks Consensus Estimate for the fourth quarter is 17 cents, representing an annualized decline of 27.39%.
With respect to earnings surprise, over the trailing four quarters, Calgon Carbon has outperformed the Zacks Consensus Estimate in three out of the four quarters. The average earnings surprise was a positive 19.50%, implying that the company … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Chart Of The Day: Real Egg Prices, 1890-2011

Posted: 23 Feb 2011 08:11 AM PST

The cost of wholesale eggs today (adjusted for inflation) is about 50% lower than during the 1970s, about 75% lower than during the 1940s and 1950s. … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Rising Crude Fuels Another Big Day For Bonds

Posted: 23 Feb 2011 08:03 AM PST

Bond markets shrugged off early morning weakness reminiscent of that morning-after feeling. The 13 basis point slide in the benchmark treasury yield on Tuesday was the largest in eight months and investors were quick to bank profits on Wednesday wondering whether the move was simply too much in response to heightened geopolitical worries. But as the price of crude oil escalated to a two-year high, it served to undermine a similar morning-after rebound for equities which saw the S&P 500 … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Crude Rallies To Trade Near $97

Posted: 23 Feb 2011 08:00 AM PST

02/23/11 Growing unrest in the Middle East has allowed front month crude prices to continue their steady … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – GBP/USD Hits 3-month High Buoyed By Rate-hike Hopes

Posted: 23 Feb 2011 08:00 AM PST

Forex Pros – The pound was up for the first time in three days against the U.S. dollar on Wednesday, jumping to a three-month high after the minutes of the most recent Bank of England Monetary Policy Committee meeting revealed a third member voted to raise rates.

GBP/USD hit 1.6274 during U.S. morning trade, the pair's highest since November 5, 2010; the pair subsequently consolidated at 1.6239, climbing 0.63%.

Cable was likely to find support at 1.6099, Tuesday's low and resistance at … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Trading: USDCHF Tests Support At The December Low

Posted: 23 Feb 2011 07:59 AM PST

The 0.9342 level is the underside of the shallow trendline from the low.  The 0.9338 level is also a level to watch. It represents the 38.2% of the move down from the high today to the low for the day.   A move above that level will be eyed for increased upside … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Pound Bolstered By Deeper Division At MPC

Posted: 23 Feb 2011 07:50 AM PST

A recovery in the value of Asian dollars overnight and a revival in a view that the Bank of England will step away from its accommodative monetary stance have softened the appeal of the greenback. The euro has also risen to a two week high as Chancellor Merkel prepares for a spectacular high-wire act balancing the needs of the Union against the will of her people.
U.S. Dollar – The dollar is weaker by 0.5% overnight and ahead of existing home sales data for January, which is expected to show a … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Trading: EURUSD Breaks Above Ceiling/resistance And Stops Triggered

Posted: 23 Feb 2011 07:38 AM PST

The EURUSD moved through the ceiling resistance at the 1.3743 level and the move triggered stop orders. The level corresponded with the high from Feb 9th and the high/trendline from earlier today. It also is the 61.8% Fibonacci Retracement of the move down from the November 2009 high to low (see chart below). The next upside target comes in at 1.3814 which corresponds with the higher parellel trendline in the chart above. The support comes in at the 1.3742 level.  Staying above this … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/USD Hits Fresh 3-week High Ahead Of Trichet Speech

Posted: 23 Feb 2011 07:31 AM PST

Forex Pros – The euro was up for the first time in three days against the U.S. dollar on Wednesday, jumping to a fresh three-week high amid growing speculation the European Central Bank would raise interest rates to curb inflation. 

EUR/USD hit 1.3786 during U.S. morning trade, the pair's highest since February 3; the pair subsequently consolidated at 1.3784, surging 0.97%.

The pair was likely to find support at 1.3524, Tuesday's low and resistance at 1.3824, the high of February … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Opening Bell Market Monitor: AAPL, HPQ, LOW, TOL, SKS

Posted: 23 Feb 2011 02:24 AM PST

02/23/11 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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