Tuesday, February 22, 2011

DailyMarkets.com - Forex – GBP/JPY Up During The Asian Session

DailyMarkets.com - Forex – GBP/JPY Up During The Asian Session

Forex – GBP/JPY Up During The Asian Session

Posted: 22 Feb 2011 04:45 PM PST

Forex Pros – The British Pound was higher against the Japanese Yen on Wednesday.

GBP/JPY was trading at 133.95, up 0.29% at time of writing.

The pair was likely to find support at 133.27, Tuesday's low, and resistance at 135.50, Friday's high.

Meanwhile, the British Pound was up against the U.S. Dollar and down against the Euro, with GBP/USD gaining 0.23% to hit 1.6173 and EUR/GBP rising 0.09% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Positive 4Q For Office Depot

Posted: 22 Feb 2011 04:15 PM PST

02/23/11 Office Depot reported a strong 4Q by narrowing its … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bought BAA – $3.22

Posted: 22 Feb 2011 03:54 PM PST

This is Banro Corporation (BAA) which I bought today at $3.22. 

Click on the chart to ENLARGE

My TSI Trading record has been updated.

I was senseing that the run up in gold and silver over this past 3 day weekend was a bit much without the interference of the NY boyz, and true to form, they came through after the retail traders overextended themselves with the first hour of trading today.  Not to worry, however.  I suspect we will not go sideways for too long, maybe a week … [visit site to read more] or compare Best Credit Cards and Best CD Rates

The Day Ahead: Earnings, US Existing Home Sales, Fed Speeches

Posted: 22 Feb 2011 10:50 AM PST

02/23/11 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

Forex – NZD/USD Up In Asian Trade

Posted: 22 Feb 2011 03:50 PM PST

Forex Pros – The New Zealand Dollar was higher against the U.S. Dollar on Tuesday.

NZD/USD was trading at 0.7484, up 0.27% at time of writing.

The pair was likely to find support at 0.7434, today's low, and resistance at 0.7657, Friday's high.

Meanwhile, the New Zealand Dollar was up against the Australian Dollar and the Euro, with AUD/NZD shedding 0.05% to hit 1.3374 and EUR/NZD falling 0.07% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Hot Option Plays: Volatility Is Back & Complacency Is Challenged

Posted: 22 Feb 2011 03:17 PM PST

Cusick's Corner
This was clearly a seller's day. Profits were booked early and then later in a muted rally attempt into the afternoon. While this did not feel like a panicked-filled sell session, the tone or should I say the volatility changed, creating a bigger window for traders (specifically intraday traders) to get some action. This market looks like it will need some time to work out all the headlines before a definitive direction will emerge. Crude will be traded on the upside as long … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Mack-Cali Completes Equity Offer

Posted: 22 Feb 2011 03:05 PM PST

Mack-Cali Realty Corp. (NYSE:CLI), a fully integrated real estate investment trust (REIT), has recently completed its secondary offering of 7.2 million common shares at $33.00 each, including 0.9 million shares sold to the underwriters to cover the over-allotment options.
BofA Merrill Lynch, the investment banking and wealth management division of Bank of America Corporation (NYSE:BAC); J.P. Morgan Securities LLC, the investment banking division of JPMorgan Chase & Co. (NYSE:JPM); and Deutsche Bank … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Pool Reports In Line

Posted: 22 Feb 2011 02:35 PM PST

Pool Corp. (NASDAQ:POOL) reported fourth-quarter 2010 loss of 24 cents per share, in line the Zacks Consensus Estimate. Pool had incurred a loss of 28 cents in the comparable quarter prior year.
The increase was driven by a modest top-line growth along with efficient cost management. For fiscal 2010, earnings were $1.15 versus 39 cents recorded in 2009.
The company reported a 4.5% year-over-year increase in net sales to reach $241.4 million during the quarter, inching past the Zacks Consensus … [visit site to read more] or compare Best Credit Cards and Best CD Rates

ONEOK Posts Excellent Numbers

Posted: 22 Feb 2011 02:35 PM PST

ONEOK Inc. (NYSE:OKE) reported a fourth-quarter profit of 76 cents per share, below 87 cents earned in the year-ago quarter. The quarterly results also marginally lagged the Zacks Consensus Estimate of 79 cents.
ONEOK's full-year 2010 profits came in at $3.10 per share, surpassing the Zacks Consensus Estimate of $3.05 and the year-ago earnings of $2.87. The better-than-expected results in 2010 are attributed to strong performance across all segments.
Operating Statistics
Net revenues in the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Closing Bell Market Monitor: WMT, HD, DAL

Posted: 22 Feb 2011 02:30 PM PST

02/22/11 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

Earnings Preview: American Tower

Posted: 22 Feb 2011 02:25 PM PST

American Tower Corp. (NYSE:AMT) is slated to release its fourth quarter 2010 results on Wednesday, February 23, before the opening bell. The current Zacks Consensus Estimate for the fourth quarter is pegged at 22 cents, representing an annualized growth of 38.67%.
With respect to earnings surprise, over the trailing four quarters, AMT has outperformed the Zacks Consensus Estimate for all the three quarters except one quarter, where the earnings per share (EPS) failed to surpass the Zacks Consensus … [visit site to read more] or compare Best Credit Cards and Best CD Rates

HP Beats But Guides Lower

Posted: 22 Feb 2011 02:25 PM PST

Let’s just say Leo Apotheker’s first full quarter as CEO of Hewlett-Packard Company (NYSE:HPQ) was a rather inauspicious debut. Though HP posted an earnings beat of $1.36 per share in its fiscal 1st quarter of 2011 (ended January), topping the Zacks Consensus Estimate of $1.29 by 5.4%, revenues came in light to $32.3 billion, missing the Zacks consensus of $33 billion.

However, what has sent HPQ shares tumbling more than 9% in the after-market was HP’s lower guidance for its fiscal 2nd quarter. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Top Trade Ideas For Wednesday, February 23

Posted: 22 Feb 2011 02:25 PM PST

( click to enlarge )

Rambus Inc. (NASDAQ:RMBS) broke its short-term uptrend line support and %K has crossed below %D line, indicating further declines. Nevertheless, the stock could find some support here near of its 50-day moving average, but the trend is now in favor of Shorts. Let’s keep an eye on it.

 ( click to enlarge )

Exxon Mobil Corporation (NYSE:XOM) broke through resistance at $84.85 accompanied with high volume. We should be able to see some decent upside movement for the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Top And Bottom Grow At ALIOF

Posted: 22 Feb 2011 02:01 PM PST

Actelion Ltd. (ALIOF) reported full-year earnings of $4.37 per American Depository Receipt (ADR), up 8% over the prior-year earnings of $4.05 driven by higher revenues. The Zacks Consensus Estimate was $3.95.
Full Year Details
The company reported net revenue of $1.86 billion in full year 2010, up 13% in local currency primarily driven by higher than expected contract revenues. The Zacks Consensus Estimate was $1.98 billion.
Product sales were up 12% over the prior year in local currency … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Ruth’s Reports In Line

Posted: 22 Feb 2011 02:00 PM PST

Heathrow, Florida-based Ruth's Hospitality Group Inc. (NASDAQ:RUTH), reported fourth quarter 2010 adjusted earnings of 8 cents per share, in line with the Zacks Consensus Estimate, but below 11 cents delivered in the prior-year quarter. The results were driven by top-line growth and cost control initiates.
Total revenue spiked up 7.7% year over year to $94.1 million. Company-owned restaurant sales inched up 8.0% to $90.4 million whereas franchise income jumped 5.5% to $3.2 million.
For full fiscal … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Down At The End Of U.S. Session

Posted: 22 Feb 2011 01:55 PM PST

Forex Pros – The Euro was lower against the U.S. Dollar on Tuesday after the release of U.S. data on CB Consumer Confidence.

EUR/USD was trading at 1.3657, down 0.15% at time of writing.

The pair was likely to find support at 1.3526, today's low, and resistance at 1.3716, Monday's high.

Earlier in the day, data showed that CB consumer confidence in the U.S. rose more-than-expected to a seasonally adjusted 70.40 last month from 64.80 in the preceding month whose figure was revised up from … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Product Recalls Plague JNJ

Posted: 22 Feb 2011 01:40 PM PST

The product recall saga continues at Johnson & Johnson (NYSE:JNJ) with the company announcing that it is voluntary recalling certain lots of its schizophrenia product, Invega Sustenna (234 mg). The company said that the recall is being conducted with the knowledge of the US Food and Drug Administration (FDA).
The recall was announced after cracks were detected in some of the pre-filled syringes of the 234 mg strength. The company said that the voluntary recall would impact most of the … [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: 22 Feb 2011 01:40 PM PST

Forex Pros – The U.S. Dollar was lower against the Japanese Yen on Tuesday after the release of U.S. data on CB Consumer Confidence.

USD/JPY was trading at 82.74, down 0.48% at time of writing.

The pair was likely to find support at 82.58, today's low, and resistance at 83.75, Thursday's high.

Earlier in the day, data showed that CB consumer confidence in the U.S. rose more-than-expected to a seasonally adjusted 70.40 last month from 64.80 in the preceding month whose figure was revised … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Patterson Cos Slides On Outlook

Posted: 22 Feb 2011 01:35 PM PST

Patterson Companies (NASDAQ:PDCO), a leading distributor of dental, veterinarian and rehabilitation medical supplies, recently truncated its guidance for fiscal 2011 and forecasted revenue and earnings for the third quarter, which were below Street expectations.
The company's shares slid roughly 10% in early trading on February 18 following the announcement. Patterson is slated to release its third quarter fiscal 2011 results on February 24.     
Minnesota-based Patterson … [visit site to read more] or compare Best Credit Cards and Best CD Rates

NRG Energy Misses, Backs Guidance

Posted: 22 Feb 2011 01:35 PM PST

Energy generation company NRG Energy Inc. (NYSE:NRG) announced an operating loss of 7 cents per share for the fourth-quarter 2010 versus year-ago loss of 11 cents per share. However, results in the relevant quarter were way below the Zacks Consensus Estimate of operating earnings of 39 cents a share.
NRG Energy’s 2010 operating earnings were $1.84 per share compared with $3.44 per share reported in 2009. Fiscal 2010 earnings thoroughly missed the Zacks Consensus Estimate of $2.62 as provided by 6 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Down Toward The End Of U.S. Session

Posted: 22 Feb 2011 01:25 PM PST

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

EUR/USD was trading at 1.3652, down 0.19% at time of writing.

The pair was likely to find support at 1.3526, today's low, and resistance at 1.3716, Monday's high.

Meanwhile, the Euro was up against the British Pound and down against the Japanese Yen, with EUR/GBP gaining 0.38% to hit 0.8462 and EUR/JPY falling 0.66% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.S. Markets Close Lower; Dow Jones Down 1.44%

Posted: 22 Feb 2011 01:10 PM PST

Forex Pros – U.S. stocks were down after the closing bell on Tuesday.

At the close of U.S. trade, the Dow Jones Industrial Average fell 1.44%, the S&P 500 index shed 2.05%, while the Nasdaq 100 index declined 2.91%.

Earlier in the day, data showed that CB consumer confidence in the U.S. rose more-than-expected to a seasonally adjusted 70.40 last month from 64.80 in the preceding month whose figure was revised up from 60.60.

Analysts had expected CB consumer confidence to rise to 65.10 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Initiating Zoom Telephonics At Buy

Posted: 22 Feb 2011 01:07 PM PST

Ken Nagy, CFA
Initiating Zoom Telephonics at Buy

Zoom Telephonics (ZMTP) designs, produces, markets, sells, and supports broadband and dial-up modems, Voice over Internet Protocol or “VoIP” products and services, WiFi and Bluetooth wireless products, and other communication-related products.  Zoom is a major supplier to Best Buy, Staples, Walmart, and other leading retailers of electronic products.  Over the past 10 years the firm has transformed its portfolio of products from … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Initiating Zoom Telephonics At Buy

Posted: 22 Feb 2011 01:07 PM PST

Ken Nagy, CFA
Initiating Zoom Telephonics at Buy

Zoom Telephonics (ZMTP) designs, produces, markets, sells, and supports broadband and dial-up modems, Voice over Internet Protocol or “VoIP” products and services, WiFi and Bluetooth wireless products, and other communication-related products.  Zoom is a major supplier to Best Buy, Staples, Walmart, and other leading retailers of electronic products.  Over the past 10 years the firm has transformed its portfolio of products from … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bank Failures: 22 Already In 2011

Posted: 22 Feb 2011 01:07 PM PST

Bank failures continue unabated as the U.S. regulators closed down four more banks last Friday. Out of the four failed banks, two were based in Georgia and two in California. This brings the number of U.S. bank failures to 22 so far in 2011, preceded by 157 in 2010, 140 in 2009 and 25 in 2008.
While the various programs launched by the government worked in favor of the bigger banks, many smaller banks are still struggling to survive. Plunging home prices, lofty loan defaults and a high … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Lincoln Electric Beats Zacks Ests

Posted: 22 Feb 2011 01:07 PM PST

Lincoln Electric Holdings Inc. (NASDAQ:LECO) delivered adjusted earnings per share (EPS) of 90 cents in its fourth quarter ended December 31, 2010, ahead of the Zacks Consensus Estimate of 82 cents, and 38% above the EPS of 65 cents in the year-ago quarter.
Adjusted EPS for the quarter excludes the per share effect of special items. Including these items, EPS in the quarter was 98 cents compared with 57 cents in the year-ago quarter.
Revenues climbed 22% to $564 million outpacing the Zacks Consensus … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Athenahealth Beats On Solid Sales

Posted: 22 Feb 2011 01:06 PM PST

Leading medical billing and records software provider Athenahealth's (NASDAQ:ATHN) fourth-quarter fiscal 2010 adjusted (excluding one-time items such as amortization charges) earnings of 21 cents per share topped the Zacks Consensus Estimate of 15 cents while exceeding the year-ago earnings of 12 cents.
Net income (as reported) for the quarter zoomed roughly 69% year over year to $7.3 million as higher utilization of its web-based solutions fueled healthy double-digit revenue growth. For fiscal … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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

Posted: 22 Feb 2011 12:45 PM PST

Forex Pros – The British Pound was lower against the U.S. Dollar on Tuesday after the release of U.S. data on CB Consumer Confidence.

GBP/USD was trading at 1.6136, down 0.55% at time of writing.

The pair was likely to find support at 1.6076, Thursday's low, and resistance at 1.6263, Friday's high.

Earlier in the day, data showed that CB consumer confidence in the U.S. rose more-than-expected to a seasonally adjusted 70.40 last month from 64.80 in the preceding month whose figure was … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stock Market Summary For Tuesday, February 22, 2011 Special Alert On GDX

Posted: 22 Feb 2011 12:45 PM PST

We hate how the Market Vectors Gold Miners (symbol: GDX) is trading today so we are removing it as the ’Stock of the Day’ at $58.58.  GDX returned 6.4% in 26 days while it was the ‘Stock of the Day’.  GDX was added on 1/27/11 at … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Expeditors Reports In Line

Posted: 22 Feb 2011 12:35 PM PST

Expeditors International of Washington Inc. (NASDAQ:EXPD), a third-party logistics provider, reported its adjusted fourth quarter earnings of 45 cents per share, in line with the Zacks Consensus Estimate. Earnings per share shot up 41% year over year from 32 cents on strong volumes.
Adjusted earnings for fiscal 2010 increased 43% year over year to $1.59.
Net income attributable to shareholders jumped 40% year over year to $96.5 million in the reported quarter. In fiscal 2010, net income attributable … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Ameren A Penny Shy

Posted: 22 Feb 2011 12:10 PM PST

Before the bell, Ameren Corporation (NYSE:AEE) reported its fourth quarter and fiscal 2010 results. In the reported quarter, the company with core earnings of 22 cents a share missed the Zacks Consensus Estimate of 23 cents by a penny.
The company's results also came way below the year-ago quarterly earnings of 37 cents. Performance in the reported quarter was affected by lower realized power prices and higher fuel and related transportation costs.
On a reported basis, the company clocked … [visit site to read more] or compare Best Credit Cards and Best CD Rates

School Specialty Betters Estimate

Posted: 22 Feb 2011 12:10 PM PST

School Specialty Inc. (NASDAQ:SCHS) recently posted third-quarter 2011 results. The company delivered a loss of $1.07 per share in the seasonally slow quarter that came better than the Zacks Consensus Estimate of a loss of $1.20, but was a sharp increase from a loss of 98 cents reported in the prior-year quarter.
Revenue Drops But Improves Sequentially, Margins Under Pressure
Greenville, Wisconsin-based company's total revenue plunged 12.9% to $89.9 million from the year-ago quarter, and also fell … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Hormel Beats Zacks Estimate

Posted: 22 Feb 2011 12:05 PM PST

Hormel Foods Corporation (NYSE:HRL) posted strong results for the first quarter of fiscal 2011 with an EPS of 55 cents compared with 41 cents in the corresponding period of fiscal 2010 based on year-over-year increases of 11.2% in revenue in the first quarter.
During the quarter, Hormel reported EPS of 55 cents, up 34.1% from 41 cents in the year-ago quarter and also up from the Zacks Consensus Estimate of 43 cents. Net income reached $148.8 million from $111.2 million in the first quarter of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CAD Up On Economic Data

Posted: 22 Feb 2011 12:05 PM PST

Forex Pros – The U.S. Dollar was higher against the Canadian Dollar on Tuesday after the release of Canadian data on Core Retail Sales.

USD/CAD was trading at 0.9903, up 0.74% at time of writing.

The pair was likely to find support at 0.9816, Thursday's low, and resistance at 0.9919, today's high.

Earlier in the day, official data showed that Core retail sales in Canada rose less-than-expected to a seasonally adjusted 0.60% last month from 0.90% in the preceding month whose figure was … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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