DailyMarkets.com - Except For CFC, Auto Sales Reach 2.5 Year High
DailyMarkets.com - Except For CFC, Auto Sales Reach 2.5 Year High |
- Except For CFC, Auto Sales Reach 2.5 Year High
- Forex – GBP/JPY Up During The Asian Session
- New Trading Strategy Early Results
- Holiday Shipments Lift UPS’ Quarterly Net Income
- ETF News Update: The Roller Coaster Ride Continues (UUP, DIA, VIX)
- Higher Rates Buoy Korea Electric
- PACCAR Profits More Than Triple
- Forex – NZD/USD Up During The Asian Session
- The Day Ahead: Earnings, ADP Employment Report, Euro-zone PPI
- GE Wins Wind Services Contract
- Pelangio Announces Major Gold Drilling Programs In Ghana For 2011
- Varian Beats On Revenue Growth
- Pelangio Announces Major Gold Drilling Programs In Ghana For 2011
- PLD-AMB Merger: A Colossal UPREIT?
- Pelangio Announces Major Gold Drilling Programs In Ghana For 2011
- Oracle Settles Kickback Suit
- Leap Wireless To Underperform
- Earnings Preview: The Hershey Company
- Hot Option Plays: Money Flows Out Of Bonds Into Equities
- Advertising At Financial Armageddon
- PNC To Branch Out In Florida
- Forex – EUR/USD Up At The End Of U.S. Session
- Forex – USD/JPY Down Toward The End Of U.S. Session
- 3 Stock Picks For Wednesday, February 02
- Closing Bell Market Monitor: ADM, PFE, UPS
- Waddell & Reed Beats On Revenue
- Earnings Preview: Mattel
- Euro Surges As “Grand Bargain” Starts Taking Shape; EFSF Rescue Fund To Buy Bonds?
- Forex – EUR/USD Up Toward The End Of U.S. Session
- U.S. Markets Close Higher; Dow Jones Up 1.25%
- Haemonetics Beats On EPS
- Earnings Preview: Yum!
- Forex – GBP/USD Up During The U.S. Session
- Bemis Misses Ests, Grows Annually
- Emerson Underperforms Estimates
- Hot Option Plays: Frosty The Joe Man
- Forex – USD/CAD Down During The U.S. Session
- Celanese Beats Consensus
- NiSource Lags Estimates
- Forex – EUR/USD Up During The U.S. Session
- “Markets Are Still Fragile”
- Euro Rally Continues On Strong Data
Except For CFC, Auto Sales Reach 2.5 Year High Posted: 01 Feb 2011 05:11 PM PST January vehicle sales were released today, and here are some highlights: 1. On a “seasonally-adjusted annual rate” basis, total U.S. light vehicle sales increased to 12.62 million units in January, which was 0.56% higher than December, and 17.4% higher than January last year (see chart above). 2. Except for the artificial sales stimulus of “cash-for-clunkers” (CFC) in August 2009 when sales topped 14 million (at an annual rate), January vehicle sales reached the highest … [visit site to read more] or compare Best Credit Cards and Best CD Rates |
Forex – GBP/JPY Up During The Asian Session Posted: 01 Feb 2011 04:48 PM PST Forex Pros – The British Pound was higher against the Japanese Yen on Wednesday. GBP/JPY was trading at 131.43, up 0.07% at time of writing. The pair was likely to find support at 129.82, Friday's low, and resistance at 132.03, Friday's high. Meanwhile, the British Pound was down against the U.S. Dollar and the Euro, with GBP/USD shedding 0.10% to hit 1.6131 and EUR/GBP rising 0.07% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates |
New Trading Strategy Early Results Posted: 01 Feb 2011 04:32 PM PST I’ve spent the past several weeks searching and researching a couple of new trading strategies which use the True Strength Index (TSI) indicator. I have finally settled on one strategy, with a few tweaks left to figure out, and have another strategy still being worked out. This first chart is of Brigus Gold Corp (BRD) which I bought yesterday for $1.60 using my new strategy. Click on any chart to ENLARGE Today I was able to sell this position in BRD for $1.64, which was … [visit site to read more] or compare Best Credit Cards and Best CD Rates |
Holiday Shipments Lift UPS’ Quarterly Net Income Posted: 01 Feb 2011 04:00 PM PST 02/01/11 Citing strong holiday season shipment figures, UPS announced a 48% jump in its 4Q net … [visit site to read more] or compare Best Credit Cards and Best CD Rates |
ETF News Update: The Roller Coaster Ride Continues (UUP, DIA, VIX) Posted: 01 Feb 2011 03:57 PM PST One can only marvel at the velocity and volatility of moves this week in global markets. As we said on our weekend update, the only sound advice in this environment is "fasten your seatbelts." |
Higher Rates Buoy Korea Electric Posted: 01 Feb 2011 03:55 PM PST State-run utility behemoth Korea Electric Power Corporation (NYSE:KEP) in the fourth quarter of 2010 recorded net operating profit of KRW98 billion (USD$87.4 million), compared to net operating loss of KRW649 billion (USD$578.6 million) in the fourth quarter of 2009. |
PACCAR Profits More Than Triple Posted: 01 Feb 2011 03:55 PM PST PACCAR Inc. (NASDAQ:PCAR) reported a profit of $169.8 million or 46 cents per share in the fourth quarter of 2010, which more than tripled from $46.1 million or 13 cents per share in the same quarter of 2009. The profit was in line with the Zacks Consensus Estimate. |
Forex – NZD/USD Up During The Asian Session Posted: 01 Feb 2011 03:53 PM PST Forex Pros – The New Zealand Dollar was higher against the U.S. Dollar on Tuesday. NZD/USD was trading at 0.7820, up 0.07% at time of writing. The pair was likely to find support at 0.7672, Thursday's low, and resistance at 0.7824, today's high. Meanwhile, the New Zealand Dollar was up against the Australian Dollar and the Euro, with AUD/NZD shedding 0.09% to hit 1.2926 and EUR/NZD falling 0.08% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates |
The Day Ahead: Earnings, ADP Employment Report, Euro-zone PPI Posted: 01 Feb 2011 10:50 AM PST 02/02/11 The stories, data, and stocks that may have the greatest impact during the next trading … [visit site to read more] or compare Best Credit Cards and Best CD Rates |
GE Wins Wind Services Contract Posted: 01 Feb 2011 03:35 PM PST General Electric Company (NYSE:GE) has won a 10-year contract with Spanish wind developer Cobra Energia to provide advanced services for 178 GE wind turbines installed at eight wind farms across Spain. These services include solutions for advanced unplanned maintenance, troubleshooting, upgrades and supply of parts. |
Pelangio Announces Major Gold Drilling Programs In Ghana For 2011 Posted: 01 Feb 2011 03:35 PM PST Steven Ralston, CFA Pelangio announces major gold drilling programs in Ghana for 2011 Today, Pelangio Exploration (PX.V: TSX-V, PX: TSX-V and PGXPF) provided the company's exploration plans for its Ghana properties in 2011. The programs are aggressive, encompassing over 25,000 meters of diamond drilling, and should provide significant news flow throughout the year. Management believes that the assay results of prior drilling programs have only hinted at the potential at Manfo, a 100 … [visit site to read more] or compare Best Credit Cards and Best CD Rates |
Varian Beats On Revenue Growth Posted: 01 Feb 2011 03:05 PM PST Varian Semiconductor Inc. (NASDAQ:VSEA) reported first quarter 2011 earnings per share (EPS) of 95 cents, fairly beating the Zacks Consensus Estimate of 87 cents. The quarter's results were significantly higher than the year-ago quarter and the company's guided range of 84–89 cents, attributable to higher revenues and margins. |
Pelangio Announces Major Gold Drilling Programs In Ghana For 2011 Posted: 01 Feb 2011 03:05 PM PST Steven Ralston, CFA Pelangio announces major gold drilling programs in Ghana for 2011 Today, Pelangio Exploration (PX.V: TSX-V, PX: TSX-V and PGXPF) provided the company's exploration plans for its Ghana properties in 2011. The programs are aggressive, encompassing over 25,000 meters of diamond drilling, and should provide significant news flow throughout the year. Management believes that the assay results of prior drilling programs have only hinted at the potential at Manfo, a 100 … [visit site to read more] or compare Best Credit Cards and Best CD Rates |
PLD-AMB Merger: A Colossal UPREIT? Posted: 01 Feb 2011 03:05 PM PST Redefining the market dynamics, ProLogis (NYSE:PLD), a leading global provider of distribution facilities, has merged with its rival AMB Property Corp. (NYSE:AMB) in an all-stock deal to become a behemoth of sorts in the industrial real estate sector. |
Pelangio Announces Major Gold Drilling Programs In Ghana For 2011 Posted: 01 Feb 2011 03:05 PM PST This article has been unpublished. Walter, need new … [visit site to read more] or compare Best Credit Cards and Best CD Rates |
Posted: 01 Feb 2011 03:05 PM PST Software giant Oracle Corp. (NASDAQ:ORCL) has agreed to pay $46.0 million to settle a kickback suit against Sun Microsystems. Oracle declined to comment. |
Posted: 01 Feb 2011 02:25 PM PST We downgrade our recommendation on Leap Wireless International Inc. (NASDAQ:LEAP) to Underperform. In the last three consecutive quarters, the company suffered a net subscriber loss contrary to the consensus opinion of a net subscriber addition. Important operating metrics such as ARPU, churn rate, customer addition cost deteriorated significantly. |
Earnings Preview: The Hershey Company Posted: 01 Feb 2011 02:25 PM PST The Hershey Company (NYSE:HSY) a top producer of confectionery products, is scheduled to report its fourth-quarter and fiscal 2010 financial results on Wednesday, February 2, 2011. The current Zacks Consensus Estimate for the quarter is 61 cents a share and for fiscal 2010 is $2.55. |
Hot Option Plays: Money Flows Out Of Bonds Into Equities Posted: 01 Feb 2011 02:18 PM PST Cusick's Corner |
Advertising At Financial Armageddon Posted: 01 Feb 2011 02:14 PM PST Aside from all of the time, energy, and effort I put into Financial Armageddon (as well as my other blog, When Giants Fall) to keep it interesting and informative, there are also various costs involved. While I am grateful for the financial support I’ve received from visitors since I first started publishing in late 2006, those donations are generally not enough to keep things up-and-running. |
Posted: 01 Feb 2011 02:06 PM PST PNC Financial Services Group Inc. (NYSE:PNC) is set to expand by acquiring 19 branches from a subsidiary of BankAtlantic Bancorp Inc. (NYSE:BBX). In this regard, both companies have entered into an agreement per which BankAtlantic Bancorp's subsidiary BankAtlantic will sell 19 Tampa Branches to PNC Bank N.A., part of The PNC Financial Services Group Inc. |
Forex – EUR/USD Up At The End Of U.S. Session Posted: 01 Feb 2011 01:58 PM PST Forex Pros – The Euro was higher against the U.S. Dollar on Tuesday after the release of U.S. data on ISM Manufacturing Index. EUR/USD was trading at 1.3830, up 1.00% at time of writing. The pair was likely to find support at 1.3570, Monday's low, and resistance at 1.3842, today's high. Earlier in the day, industry data showed that The U.S. ISM manufacturing PMI rose more-than-expected to 60.80 last month from 58.50 in the preceding month whose figure was revised up from 57.00. Analysts … [visit site to read more] or compare Best Credit Cards and Best CD Rates |
Forex – USD/JPY Down Toward The End Of U.S. Session Posted: 01 Feb 2011 01:43 PM PST Forex Pros – The U.S. Dollar was lower against the Japanese Yen on Tuesday after the release of U.S. data on ISM Manufacturing Index. USD/JPY was trading at 81.34, down 0.86% at time of writing. The pair was likely to find support at 81.32, today's low, and resistance at 83.20, Thursday's high. Earlier in the day, industry data showed that The U.S. ISM manufacturing PMI rose more-than-expected to 60.80 last month from 58.50 in the preceding month whose figure was revised up from … [visit site to read more] or compare Best Credit Cards and Best CD Rates |
3 Stock Picks For Wednesday, February 02 Posted: 01 Feb 2011 01:40 PM PST ( click to enlarge ) InterDigital, Inc. (NASDAQ:IDCC) was very strong on today, as the stock closed up $1.84 on 1.3 x the normal daily volume. This is a good move for IDCC, and could be the start of a breakout move. Resistance is $51.03, which was January’s high. I’m watching the stock for the breakout move and expect it to happen soon. Once the stock breaks through, we should see a heavy increase in buying. Technically, the chart looks Bullish, with the 50 dma on top of 200 dma … [visit site to read more] or compare Best Credit Cards and Best CD Rates |
Closing Bell Market Monitor: ADM, PFE, UPS Posted: 01 Feb 2011 01:39 PM PST 02/01/11 The latest in news, commentary, and information on what’s moving the US equities markets. Watch this broadcast LIVE at 4:00 pm EST daily @ … [visit site to read more] or compare Best Credit Cards and Best CD Rates |
Waddell & Reed Beats On Revenue Posted: 01 Feb 2011 01:35 PM PST Waddell & Reed Financial Inc.'s (NYSE:WDR) fourth quarter 2010 earnings of 54 cents per share were ahead of the Zacks Consensus Estimate of 49 cents. This also compares favorably with earnings of 47 cents in the prior quarter and 39 cents in the prior-year quarter. |
Posted: 01 Feb 2011 01:35 PM PST Mattel Inc. (NYSE:MAT) the world's largest manufacturer of toys is slated to release its fourth-quarter results on Wednesday, February 2, before the opening bell. The current Zacks Consensus Estimate for the fourth quarter is 86 cents per share, representing an annualized growth of 6.26%. The Zacks Consensus Sales estimate for the fourth quarter is $2,074 million. |
Euro Surges As “Grand Bargain” Starts Taking Shape; EFSF Rescue Fund To Buy Bonds? Posted: 01 Feb 2011 01:35 PM PST Euro Surges Above 1.39 on ECB and Inflation, Progress in Rescue Fund Revamp, and Strong Equities all Power "Risk-On" Trading |
Forex – EUR/USD Up Toward The End Of U.S. Session Posted: 01 Feb 2011 01:28 PM PST Forex Pros – The Euro was higher against the U.S. Dollar on Tuesday after the release of U.S. data on ISM Manufacturing Index. EUR/USD was trading at 1.3832, up 1.02% at time of writing. The pair was likely to find support at 1.3570, Monday's low, and resistance at 1.3842, today's high. Earlier in the day, industry data showed that The U.S. ISM manufacturing PMI rose more-than-expected to 60.80 last month from 58.50 in the preceding month whose figure was revised up from 57.00. Analysts … [visit site to read more] or compare Best Credit Cards and Best CD Rates |
U.S. Markets Close Higher; Dow Jones Up 1.25% Posted: 01 Feb 2011 01:13 PM PST Forex Pros – U.S. stocks were up after the closing bell on Tuesday. At the close of U.S. trade, the Dow Jones Industrial Average rose 1.25%, the S&P 500 index gained 1.67%, while the Nasdaq 100 index climbed 1.89%. Earlier in the day, industry data showed that The U.S. ISM manufacturing PMI rose more-than-expected to 60.80 last month from 58.50 in the preceding month whose figure was revised up from 57.00. Analysts had expected the ISM manufacturing PMI to rise to 58.20 last … [visit site to read more] or compare Best Credit Cards and Best CD Rates |
Posted: 01 Feb 2011 01:06 PM PST Haemonetics Corporation (NYSE:HAE) reported an EPS of 77 cents in the third quarter of fiscal 2011 compared with 71 cents in the year-ago quarter. However, after adjusting for certain one time items, EPS came in at 89 cents, surpassing the Zacks Consensus Estimate of 82 cents and the year-ago quarter's 72 cents. |
Posted: 01 Feb 2011 12:55 PM PST Quick service restaurant company, Yum! Brands Inc. (NYSE:YUM) is slated to release its fourth-quarter and fiscal 2010 results on February 2, after market close. The current Zacks Consensus Estimate for the fourth quarter is 60 cents on revenue of $3,499.0 million. For 2010, the Zacks Consensus Estimates of earnings and revenue are $2.50 and $11.3 billion, respectively. |
Forex – GBP/USD Up During The U.S. Session Posted: 01 Feb 2011 12:48 PM PST Forex Pros – The British Pound was higher against the U.S. Dollar on Tuesday after the release of U.S. data on ISM Manufacturing Index. GBP/USD was trading at 1.6151, up 0.85% at time of writing. The pair was likely to find support at 1.5822, Monday's low, and resistance at 1.6157, today's high. Earlier in the day, industry data showed that The U.S. ISM manufacturing PMI rose more-than-expected to 60.80 last month from 58.50 in the preceding month whose figure was revised up from … [visit site to read more] or compare Best Credit Cards and Best CD Rates |
Bemis Misses Ests, Grows Annually Posted: 01 Feb 2011 12:35 PM PST Bemis Company Inc. (NYSE:BMS) reported fourth-quarter 2010 adjusted EPS of 49 cents, falling short of the Zacks Consensus Estimate of 59 cents, but in line with management's guidance of 48 to 53 cents per share. |
Emerson Underperforms Estimates Posted: 01 Feb 2011 12:35 PM PST Emerson Electric Company (NYSE:EMR) released its first quarter 2011 earnings results before the opening bell today, reporting earnings per share from continuing operation of 63 cents, below the Zacks Consensus Estimate of 65 cents. Earnings for the quarter were up 15% year over year. |
Hot Option Plays: Frosty The Joe Man Posted: 01 Feb 2011 12:18 PM PST Cusick's Corner |
Forex – USD/CAD Down During The U.S. Session Posted: 01 Feb 2011 12:08 PM PST Forex Pros – The U.S. Dollar was lower against the Canadian Dollar on Tuesday after the release of U.S. data on ISM Manufacturing Index. USD/CAD was trading at 0.9918, down 0.91% at time of writing. The pair was likely to find support at 0.9900, today's low, and resistance at 1.0058, Monday's high. Earlier in the day, industry data showed that The U.S. ISM manufacturing PMI rose more-than-expected to 60.80 last month from 58.50 in the preceding month whose figure was revised up from … [visit site to read more] or compare Best Credit Cards and Best CD Rates |
Posted: 01 Feb 2011 12:05 PM PST Specialty material company Celanese Corp. (NYSE:CE) reported its adjusted earnings of 73 cents per share in the fourth quarter of 2010, beating the Zacks Consensus Estimate of 68 cents. Diluted earnings per share in the quarter were 64 cents versus $0.00 in the prior year quarter. |
Posted: 01 Feb 2011 12:05 PM PST Diversified utility, NiSource Inc. (NYSE:NI), posted net operating earnings of 33 cents per share in the fourth quarter of 2010, falling short of the Zacks Consensus Estimate of 34 cents and the year-ago quarter's operating earnings of 36 cents. |
Forex – EUR/USD Up During The U.S. Session Posted: 01 Feb 2011 11:18 AM PST Forex Pros – The Euro was higher against the U.S. Dollar on Tuesday. EUR/USD was trading at 1.3820, up 0.93% at time of writing. The pair was likely to find support at 1.3570, Monday's low, and resistance at 1.3836, today's high. Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.16% to hit 0.8564 and EUR/JPY rising 0.13% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates |
Posted: 01 Feb 2011 10:23 AM PST 02/01/11 Meridian Equity Partners’ Jonathan Corpina discusses today’s rally and ongoing geopolitical … [visit site to read more] or compare Best Credit Cards and Best CD Rates |
Euro Rally Continues On Strong Data Posted: 01 Feb 2011 05:00 AM PST 02/01/11 The euro currency continued its rise this session following strong domestic and global economic … [visit site to read more] or compare Best Credit Cards and Best CD Rates |
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