DailyMarkets.com - Elan Posts Wider Than Expected Loss
DailyMarkets.com - Elan Posts Wider Than Expected Loss |
- Elan Posts Wider Than Expected Loss
- Fidelity Beats On Strong Revenue
- Ben On The Hill: Economic Outlook
- Hibbett Positive On 2011 Sales
- Forex Trading: USDCHF Breaks Below Trendline Support
- Earnings Scorecard: Baxter
- CONSOL Energy Boosts Reserves
- Forex – EUR/USD Up At The End Of European Session
- USD/CHF Should Rally Towards Parity After Some Further Correction
- A Checkup On Current Market Internals And Breadth At The Highs
- Teva Misses; Guidance Falls Short
- FirstEnergy’s Buyout To Toe The Line
- Genomic Health Meets, Guides In Line
- Coca-Cola Reports In-Line
- Oil Prices, Cost Cuts To Lift Sasol
- Earnings Preview: LabCorp
- Earnings Preview
- Australian Dollar: Under Pressure
- Canadian Dollar: The Downside Prevails
- No Retreat For Wheat Prices!
- Forex Trading: EURUSD Tests Intraday Support At 1.3697
- Crude Rises On API Stockpile Report
- Forex Trading: GBPUSD Finds Sellers Against Resistance At 1.6122-29
- Coca-Cola’s Sweet 4Q, Net Income More Than Triples
- Commodity Inflation Continues As Wheat Prices Surge
- Forex – Dollar Broadly Lower After Bernanke Prepared Remarks
- Forex – GBP/USD Reverses Losses Ahead Of Bernanke Testimony
- Opening Bell Market Monitor: AIG, KO, NOC, RL
- High Altitude Bombing In Oil
- Bond Optimism Rebounds After Nine-month High For Yields
- How Long Can BOE Hold Out Before Hiking Rates? What A New CBI Report Tells Us
- Avingtrans Credits Improved Market Conditions For Strong Performance
| Elan Posts Wider Than Expected Loss Posted: 09 Feb 2011 10:00 AM PST Elan Corporation plc (NYSE:ELN) reported loss per share of 9 cents for the fourth quarter of 2010, wider than the Zacks Consensus Estimate of a loss of 4 cents but a penny narrower than the year-ago loss of 10 cents per share. For fiscal year 2010, the company incurred a loss of 56 cents per share, wider than the Zacks Consensus Estimate of 41 cents and the year-ago loss of 35 cents per share. |
| Fidelity Beats On Strong Revenue Posted: 09 Feb 2011 10:00 AM PST Fidelity National Information Services Inc. (NYSE:FIS) reported fourth quarter 2010 earnings of 64 cents that beat the Zacks Consensus Estimate of 60 cents. Strong revenue growth and higher cost savings drove the results. |
| Ben On The Hill: Economic Outlook Posted: 09 Feb 2011 10:00 AM PST The following are excerpts from Fed Chair Ben Bernanke’s testimony today before the House Budget Committee, along with my notes interspersed: “The economic recovery that began in the middle of 2009 appears to have strengthened in the past few months, although the unemployment rate remains high. The initial phase of the recovery, which occurred in the second half of 2009 and in early 2010, was in large part attributable to the stabilization of the financial system, the effects of expansionary … [visit site to read more] or compare Best Credit Cards and Best CD Rates |
| Hibbett Positive On 2011 Sales Posted: 09 Feb 2011 09:40 AM PST Hibbett Sports Inc. (NASDAQ:HIBB), scheduled to report its earnings for the fourth quarter and fiscal 2011 on March 11, 2011, declared preliminary sales figures and guidance for the quarter and fiscal year. |
| Forex Trading: USDCHF Breaks Below Trendline Support Posted: 09 Feb 2011 09:13 AM PST |
| Posted: 09 Feb 2011 09:10 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 and $3.97, and surpassing the year-ago results of $1.03 and $3.80. |
| Posted: 09 Feb 2011 09:10 AM PST Diversified fuel producer CONSOL Energy Inc. (NYSE:CNX) revealed details about its reserves for 2010. The proved gas reserves of the company increased to 3.7 trillion cubic feet (Tcf) in 2010 from 1.9 Tcf at the end of 2009. Of the total reserves under the company 52% are proved developed and the remaining 48% are proved undeveloped. |
| Forex – EUR/USD Up At The End Of European Session Posted: 09 Feb 2011 09:00 AM PST Forex Pros – The Euro was higher against the U.S. Dollar on Wednesday. EUR/USD was trading at 1.3687, up 0.45% at time of writing. The pair was likely to find support at 1.3509, Monday's low, and resistance at 1.3720, today's high. Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.32% to hit 0.8508 and EUR/JPY rising 0.59% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates |
| USD/CHF Should Rally Towards Parity After Some Further Correction Posted: 09 Feb 2011 08:51 AM PST USD/CHF - The USD/CHF looks bullish since rallying at the start of the year. The market has yet to reach the projection from our previous USD/CHF post, but we are seeing the rally develop, though at the moment, there is a corrective decline. |
| A Checkup On Current Market Internals And Breadth At The Highs Posted: 09 Feb 2011 08:48 AM PST I'm a big fan of using market internals as a source of "under the hood" confirmation/non-confirmation when charting new swing highs in the S&P 500 index. What we're seeing above is the classic Breadth ($ADD), TICK Extremes, and Volume Difference of Breadth as key market internals to … [visit site to read more] or compare Best Credit Cards and Best CD Rates |
| Teva Misses; Guidance Falls Short Posted: 09 Feb 2011 08:35 AM PST Teva Pharmaceutical Industries' (NASDAQ:TEVA) fourth quarter earnings of $1.25 per American Depository Share (ADS) missed the Zacks Consensus Estimate of $1.28. Earnings, however, increased 32.9% from the year-ago period. Full year earnings came in at $4.54, 3 cents below the Zacks Consensus Estimate. Full year earnings increased 34.7% from the year-ago period. Gross margins improved during the reported quarter. |
| FirstEnergy’s Buyout To Toe The Line Posted: 09 Feb 2011 08:35 AM PST FirstEnergy Corp. (NYSE:FE) said it will purchase 100 megawatts (MW) of output from the Blue Creek Wind Farm through its subsidiary FirstEnergy Solutions. The company said it will buy the agreed 100 MW out of the total output from the Blue Creek project for 20 years starting October 2012. |
| Genomic Health Meets, Guides In Line Posted: 09 Feb 2011 08:22 AM PST Genomic Health (NASDAQ:GHDX) reported an EPS of 6 cents compared to the prior-year period's loss per share of 1 cent driven by higher revenues and meeting the Zacks Consensus Estimate. For the full year, EPS came in at 14 cents, missing the Zacks Consensus Estimate by a penny, although way above the previous year's loss per share of 33 cents. |
| Posted: 09 Feb 2011 08:22 AM PST The Coca Cola Company (NYSE:KO) reported results for the fourth-quarter and full year 2010. Quarterly earnings came in at 72 cents a share, which were in line with the Zacks Consensus Estimate but up 9.0% year-over-year. |
| Oil Prices, Cost Cuts To Lift Sasol Posted: 09 Feb 2011 08:22 AM PST South African petrochemicals group Sasol Ltd. (SSL) expects results for the six months ended December 31, 2010 to benefit from cost cuts and higher oil/chemical prices. |
| Posted: 09 Feb 2011 08:22 AM PST Laboratory Corporation of America Holdings (NYSE:LH) is scheduled to release its fourth quarter and fiscal 2010 earnings on February 10, 2011, before the market opens. The company is expected to earn $1.31 during the quarter on revenues of $1.25 billion and $5.54 during the fiscal on revenues of $4.9 billion, according to the Zacks Consensus Estimate. |
| Posted: 09 Feb 2011 08:22 AM PST Canada's largest natural gas producer EnCana Corp. (ECA) is scheduled to report its fourth quarter 2010 results on February 10. |
| Australian Dollar: Under Pressure Posted: 09 Feb 2011 08:20 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: 09 Feb 2011 08:20 AM PST Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates |
| Posted: 09 Feb 2011 08:19 AM PST Trading Ideas |
| Forex Trading: EURUSD Tests Intraday Support At 1.3697 Posted: 09 Feb 2011 08:11 AM PST The EURUSD has been trending to the upside since bottoming at around 6 AM ET today. The last leg higher took the price from 1.3661 to 1.3719. The 38.2% of that leg comes in at 1.3697. If this level holds, the market will likely get another boost to the highs and perhaps beyond. If the price is broken, the top may be in … [visit site to read more] or compare Best Credit Cards and Best CD Rates |
| Crude Rises On API Stockpile Report Posted: 09 Feb 2011 08:00 AM PST 02/09/11 Prior to the release of the EIA’s inventory data report, front month crude prices rebounded from an eight day … [visit site to read more] or compare Best Credit Cards and Best CD Rates |
| Forex Trading: GBPUSD Finds Sellers Against Resistance At 1.6122-29 Posted: 09 Feb 2011 07:58 AM PST The GBPUSD has found some sellers against the 1.6122-29 level where a Fibo Retracement level is found and trendline resistance comes in. The move higher over the last hour has seen the pair move above the 200 hour MA at the 1.6079 level (green line in the chart above) and the 100 hour MA (blue line) at the 1.6108 level. The market traders will likely look at the 100 hour MA as a bullish/bearish borderline – price above the line = bullish, price below the line = bearish. A … [visit site to read more] or compare Best Credit Cards and Best CD Rates |
| Coca-Cola’s Sweet 4Q, Net Income More Than Triples Posted: 09 Feb 2011 02:45 AM PST 02/09/11 Coca-Cola announced Wednesday that its 4Q net income more than tripled following acquisitions and improved … [visit site to read more] or compare Best Credit Cards and Best CD Rates |
| Commodity Inflation Continues As Wheat Prices Surge Posted: 09 Feb 2011 07:44 AM PST A strong drought in China – the world's largest producer of wheat – will weaken the supply of wheat to the global market and has helped push wheat prices to their highest since 2008. At the same time that there is poor growing weather, there has been an increase in demand from places like Bangladesh, Iraq and Algeria, to quell pressure on governments from local unrest. As we can see from this weekly chart, we have seen an 83% increase in wheat prices since last year and that has pushed … [visit site to read more] or compare Best Credit Cards and Best CD Rates |
| Forex – Dollar Broadly Lower After Bernanke Prepared Remarks Posted: 09 Feb 2011 07:40 AM PST Forex Pros – The U.S. dollar was broadly lower against its major counterparts on Wednesday, following the release of Federal Reserve Chairman Ben Bernanke’s prepared testimony to the House Budget Committee. During European late afternoon trade, the greenback was down against the euro, with EUR/USD climbing 0.59% to hit 1.3705. Earlier in the day, media outlets reported that German Bundesbank President Axel Weber had dropped out of the running to succeed Jean-Claude Trichet as head of the … [visit site to read more] or compare Best Credit Cards and Best CD Rates |
| Forex – GBP/USD Reverses Losses Ahead Of Bernanke Testimony Posted: 09 Feb 2011 07:25 AM PST Forex Pros – The pound reversed losses against the U.S. dollar on Wednesday, advancing to a fresh daily high as markets eyed testimony by Federal Reserve chief Ben Bernanke before the Budget Committee in Washington. GBP/USD clawed back up from 1.6034, the daily low, to hit 1.6115 during European late afternoon trade, climbing 0.28%. Cable was likely to find support at 1.6027, Tuesday's low and a one-week low and short-term resistance at 1.6161, Tuesday's high. Earlier Wednesday, the … [visit site to read more] or compare Best Credit Cards and Best CD Rates |
| Opening Bell Market Monitor: AIG, KO, NOC, RL Posted: 09 Feb 2011 07:21 AM PST 02/09/11 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 |
| Posted: 09 Feb 2011 07:20 AM PST At the risk of stating the obvious, the recent market action in the commodities has been manic with wild gyrations of price in a wide variety of basic materials, metals, and energy. Given these wild fluctuations in price, I thought we could look at an options trade in USO that gives a high probability of success. |
| Bond Optimism Rebounds After Nine-month High For Yields Posted: 09 Feb 2011 07:05 AM PST A poor auction on Tuesday and rising equity prices around the word saw U.S. bonds put in the worst price performance in a month driving yields to a nine-month high. Ahead of testimony from Fed Chairman Ben Bernanke on Wednesday, notes are clawing back from the brink as yields recoil from above 3.76%. German markets were hit earlier by speculation that Bundesbank inflation-hawk Axel Weber is unlikely to add Presidency of the European Central Bank to his credentials. |
| How Long Can BOE Hold Out Before Hiking Rates? What A New CBI Report Tells Us Posted: 09 Feb 2011 06:10 AM PST The UK is facing some strong headwinds in 2011 according to the Confederation of British Industry (CBI) which put out a report in which they raised their outlook for inflation and unemployment, while lowering their forecasts for growth. The CBI is the UK's biggest business lobby. |
| Avingtrans Credits Improved Market Conditions For Strong Performance Posted: 09 Feb 2011 01:38 AM PST Avingtrans (LON:AVG) , the AIM listed manufacturing group, drove up sales by 25% to £16.9m in the six months to last November. The performance reinforced news from the company last month that it was on course to beat financial expectations this year. Avingtrans makes and supplies critical components and services for the medical, energy, industrial and global aerospace sectors. It credited the latest figures to a strong flow of new contracts with global original equipment manufacturers (OEMs) … [visit site to read more] or compare Best Credit Cards and Best CD Rates |
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