Wednesday, February 9, 2011

DailyMarkets.com - Feedbacks On MuGard From Prescribers Are Positive

DailyMarkets.com - Feedbacks On MuGard From Prescribers Are Positive

Feedbacks On MuGard From Prescribers Are Positive

Posted: 09 Feb 2011 12:10 PM PST

Grant Zeng, CFA
Feedbacks on MuGard from Prescribers are Positive

On February 9, 2011, Access Pharma (ACCP) updated the status of MuGard application in cancer patients. The Company has been receiving positive clinical feedbacks from doctors and nurse practitioners prescribing MuGard for patients undergoing radiation and chemotherapy for various cancers.  

For example, Access received feedback from a prescribing nurse practitioner at a leading southwest oncology practice. MuGard was … [visit site to read more] or compare Best Credit Cards and Best CD Rates

DTE Energy Beats EPS, Misses Sales

Posted: 09 Feb 2011 12:10 PM PST

DTE Energy Co. (NYSE:DTE) announced its fourth-quarter 2010 operating earnings of 88 cents per share, which surpassed the Zacks Consensus Estimate of 85 cents. The results of the company were also higher than 72 cents reported in the year-ago quarter.
GAAP earnings in the quarter were 90 cents per share versus 72 cents per share in the fourth quarter of 2009. The 2-cent difference between the GAAP and operating earnings was due to the Detroit Edison settlement with Detroit Thermal.
DTE Energy’s … [visit site to read more] or compare Best Credit Cards and Best CD Rates

American Axle Excels In Q4

Posted: 09 Feb 2011 12:10 PM PST

American Axle and Manufacturing Inc. (NYSE:AXL) posted a profit of $34.9 million or 47 cents per share in the fourth quarter of 2010, surpassing the Zacks Consensus Estimate of 38 cents per share.
The profit rose from $8.3 million or 14 cents per share (excluding special items) in the fourth quarter of 2009 driven by higher content per vehicle or CPV (dollar value of its product sales supporting GM’s North American light truck and SUV programs and Chrysler’s heavy duty Dodge Ram pickup trucks). … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Atmel Easily Beats Consensus

Posted: 09 Feb 2011 11:40 AM PST

Atmel Corporation (NASDAQ:ATML) reported a net income of $223.1 million or 47 cents per share compared to a net income of $219.8 million or 47 cents in the third quarter of 2010 and a net loss of $83.3 million or 18 cents in the year-ago quarter.
Excluding one-time items but including stock-based compensation expense, net income came in at 22 cents per share, easily beating the Zacks Consensus Estimate of 16 cents.
Revenues came in at $457.8 million, up 3% sequentially and up 33% from the year-ago … [visit site to read more] or compare Best Credit Cards and Best CD Rates

UBS Returns To Full Year Profit

Posted: 09 Feb 2011 11:40 AM PST

UBS AG (NYSE:UBS) has returned to full year profitability in 2010 for the first time since 2006. For full year 2010, the company posted net profit attributable to shareholders of CHF 7.2 billion ($7.5 billion) or CHF 1.87 per share, compared with a net loss of CHF 2.7 billion or CHF 0.75 per share in 2009.
For fourth quarter 2010, UBS AG reported net profit attributable to shareholders of CHF 1.29 billion ($1.35 billion) or CHF 0.33 per share, up from CHF 1.2 billion or CHF 0.31 per share in the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Hot Option Plays: Market Frothy Like A Cappuccino

Posted: 09 Feb 2011 11:18 AM PST

Cusick's Corner
As I noted yesterday this market is a little frothy with S&P March futures at 1320, a pullback could be warranted. Many traders are monitoring if critical, short-term support 1317 holds on the March S&P futures into the After Hours, which would be a good sign for the bulls because this has been the normal behavior of the bid — buy on the dips. What would be concerning is if the market does pullback with no consolidation to key moving averages, i.e. the 20 MA. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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

Posted: 09 Feb 2011 11:15 AM PST

Forex Pros – The Euro was higher against the U.S. Dollar on Wednesday.

EUR/USD was trading at 1.3727, up 0.75% at time of writing.

The pair was likely to find support at 1.3509, Monday's low, and resistance at 1.3744, today's high.

Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.47% to hit 0.8520 and EUR/JPY rising 0.74% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Ben On The Hill: Monetary Policy

Posted: 09 Feb 2011 11:10 AM PST

Federal Reserve Chairman Ben Bernanke is testifying to the House Budget committee today. Below is the monetary policy part his prepared testimony and my reaction/translation of it. I posted earlier on the economic outlook portion of his testimony. Later I will post on the fiscal policy part of his testimony.

Monetary Policy

“Although the growth rate of economic activity appears likely to pick up this year, the unemployment rate probably will remain elevated for some time. In addition, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Wyndham Beats EPS, Misses Rev

Posted: 09 Feb 2011 11:10 AM PST

Wyndham Worldwide Corporation's (WYN) fourth quarter 2010 adjusted earnings of 46 cents per share outpaced both the Zacks Consensus Estimate of 44 cents and the company's guidance of 40 to 44 cents.
In the year-earlier quarter, the company had earned 40 cents per share. On a reported basis, Wyndham reported earnings of 43 cents per share versus 40 cents recorded in the prior-year quarter.
The increase was largely driven by higher revenue per available room (RevPAR) in the Lodging business, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Earnings Scorecard: Visa

Posted: 09 Feb 2011 10:50 AM PST

Visa Inc. (NYSE:V) reported its earnings for the first quarter of fiscal year 2011 on February 2nd, beating the Zacks Consensus Estimate by a couple of cents per share, led by strong top line growth though partially offset by higher-than-expected operating expenses.
Meanwhile, investors' reaction on the better-than-expected results also appeared quite optimistic on the Wall Street. This gets reflected by the consistent price hike witnessed since the earnings release.
The positivity is justified … [visit site to read more] or compare Best Credit Cards and Best CD Rates

AGCO Beats Zacks Estimates

Posted: 09 Feb 2011 10:50 AM PST

Adjusted fourth-quarter EPS at AGCO Corporation (AGCO) more than doubled to 88 cents from 42 cents in the year-ago quarter, beating the Zacks Consensus Estimate of 76 cents.
AGCO Corporation recorded restructuring and other infrequent expenses of a penny and 7 cents in the reported and the base quarter, respectively. Including the one-time expense, EPS in the reported quarter stood at 87 cents compared with 35 cents in the year-ago quarter.
Revenues
Total revenue improved 19% to $2.17 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: USDCHF Reaches Next Target And Find Support

Posted: 09 Feb 2011 10:40 AM PST

As per the prior post the USDCHF has moved to the next target at the 0.9554 level (see PRIOR POST).  The level corresponds to the 100 hour MA (0.9552) and the 50% retracement of the move down from the January 11th high (high for 2011) and the February 2nd low (at 0.9555).  The  low reached 0.9551 and quickly bounced back higher.

Longs against the level, now have good trade location but a move back above the 0.9596 level is now needed to help confirm the positive bias.  It … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Broadridge Misses Estimates

Posted: 09 Feb 2011 10:40 AM PST

Broadridge Financial Solutions Inc. (NYSE:BR) reported second-quarter fiscal 2011 earnings per share of 8 cents, which was below the Zacks Consensus Estimate of 14 cents and down from 25 cents earned in the prior-year quarter.
The operating results were significantly down from the previous quarter, which was in line with management's expectation. Lower revenues and a higher tax rate were the main reasons.
Revenues
Total revenue in the second quarter was $442.3 million, down 16.5% from $529.7 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – AUD/USD Down In U.S. Trade

Posted: 09 Feb 2011 10:35 AM PST

Forex Pros – The Australian Dollar was lower against the U.S. Dollar on Wednesday.

AUD/USD was trading at 1.0123, down 0.24% at time of writing.

The pair was likely to find support at 1.0089, today's low, and resistance at 1.0200, Friday's high.

Meanwhile, the Australian Dollar was down against the Euro and the Japanese Yen, with EUR/AUD gaining 1.01% to hit 1.3566 and AUD/JPY falling 0.30% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

First-mover Advantage Big For NYX Call Buyers Acting Before Trading Suspended

Posted: 09 Feb 2011 10:14 AM PST

First-mover advantage big for NYX call buyers acting before trading suspended
Today’s tickers: NYX, ATML, JCP & SWY
NYSE Euronext Inc. (NYSE:NYX) – Investors observed buying up call options on the global group of exchanges before trading in the name was halted this morning, are sitting pretty this afternoon with NYX shares trading up as much as 19.7% at a new 2-year high of $39.99. Reports that NYSE Euronext and Deutsche Boerse AG were in advanced talks to merge, lifted NYX shares before … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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

Posted: 09 Feb 2011 10:00 AM PST

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

NZD/USD was trading at 0.7719, down 0.40% at time of writing.

The pair was likely to find support at 0.7668, Friday's low, and resistance at 0.7788, Tuesday's high.

Meanwhile, the New Zealand Dollar was down against the Australian Dollar and the Euro, with AUD/NZD gaining 0.03% to hit 1.3094 and EUR/NZD rising 1.02% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

European Markets Close Lower; Dax Down 0.03%

Posted: 09 Feb 2011 09:55 AM PST

Forex Pros – European stocks were down after the closing bell on Wednesday.

At the close of European trade, Germany's DAX fell 0.03%, London's FTSE 100 shed 0.64%, France's CAC 40 declined 0.43% and the EURO STOXX 50 was down 0.36%.

Meanwhile, on Wall Street, equity markets were down after the open. The Dow Jones Industrial Average was down 0.08%; the S&P 500 index shed 0.39%, while the Nasdaq 100 index declined … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: AUDUSD Holds 200 Hour MA. Gives Bulls A Reprieve

Posted: 09 Feb 2011 09:33 AM PST

The AUDUSD is stuck in between the "Goal Posts" today. I define the "Goal Posts" as the 100 and 200 hour MA. With the price in between the two levels – the 100 hour MA  is at 1.0142, the 200 hour MA is at 1.0085 – with the price between, the market is saying it is not ready to get too bearish.  It is pausing.  Overall, the bias is down (below the 100 hour MA), but the markets inability to get through the 200 hour MA, keeps the market in a more neutral stance until … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Risk Appetite Hurts Dollar

Posted: 09 Feb 2011 09:00 AM PST

02/08/11 Risk apettite continued to hurt the dollar this session as investors continued to steer clear from the … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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