DailyMarkets.com - Four Trade Ideas For Tuesday, March 01
DailyMarkets.com - Four Trade Ideas For Tuesday, March 01 |
- Four Trade Ideas For Tuesday, March 01
- The Day Ahead: Bernanke Semiannual Testimony, RBA And BoC Rate Decision, ISM Manufacturing
- LUK’s 4Q Gains On Tax Benefits
- Affymetrix Intros MiRNA 2.0 Array
- Hot Option Plays: Option Strategies To Consider When Implied Volatility Relatively Low
- Japan’s GDP Growth Since 1990 Is About The Same As Europe, But Lost Decades Only Apply For Japan?
- Thermo Fisher To Sell 2 Units
- ITT Selected By NASA
- Peabody Improves Asian Exports
- Northern Trust Buys BOISS
- Medtronic Buys Rights To Gel Tech
- Ban Oil Imports For Energy Security?
- Waste Management Issues Notes
- Petrobras Ends 2010 On Strong Note
- Forex – EUR/USD Up At The End Of U.S. Session
- Closing Bell Market Monitor: VTR, HUM, HBC
- Forex – USD/JPY Up Toward The End Of U.S. Session
- EIX Misses, Provides Outlook
- AES Corp. Misses EPS, Beats Sales
- Conoco In Long-Term Sinopec Deal
- Fitch Raises Hartford’s Outlook
- Forex – EUR/USD Up Toward The End Of U.S. Session
- U.S. Markets Close Higher; Dow Jones Up 0.79%
- Texas Roadhouse Misses
- Toll Brothers Results Improve (revised)
- Forex – GBP/USD Up During The U.S. Session
- Stone Energy Tops Estimate
- France Telecom Tops, Meets ’10 Goal
- The Fundamental Perspective For The AUD This Week
- Caribou Coffee Reports In Line
- Real Consumer Spending In January Was Above The Pre-Recession 2007 Level For 4th Straight Month
- Quick Checkup Of Monday Market Internals
- Earnings Scorecard: Limited Brands
- Commercial Building Automation Set To Take Off
- Commercial Building Automation Set To Take Off
- Warner Chilcott Exceeds
- Forex – USD/CAD Down In U.S. Trade
- Forex Trading: USDCAD Falls Below Channel Support And Approaches 3 Year Low
- Forex Trading: EURUSD Inches Lower To Midpoint Of Days Range
- Booming Global Auto Market Good For Many
| Four Trade Ideas For Tuesday, March 01 Posted: 28 Feb 2011 03:51 PM PST ( click to enlarge ) ION Geophysical Corporation (NYSE:IO) looks to be setting up for an upside move, as the stock has held up well the past few days. IO is in the top of a short-term trading range. Resistance is $12.91. At this stage it is definitely a wait and see if the resistance will be easily taken out by the bulls. Stay tuned. ( click to enlarge ) Allot Communications Ltd. (NASDAQ:ALLT) traced out a nice setup and the upside breakout has a lot of power. Volume surged and this breakout … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| The Day Ahead: Bernanke Semiannual Testimony, RBA And BoC Rate Decision, ISM Manufacturing Posted: 28 Feb 2011 03:50 PM PST 03/01/2011 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
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| LUK’s 4Q Gains On Tax Benefits Posted: 28 Feb 2011 03:35 PM PST Leucadia National Corporation (NYSE:LUK) reported its financial results for the fourth quarter and the fiscal year 2010 on February 25, 2011. In the fourth quarter, the company generated a net income (from continuing operations) of $6.77 per share, up compared with a net loss of 34 cents per share in the year-ago quarter.
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| Affymetrix Intros MiRNA 2.0 Array Posted: 28 Feb 2011 03:35 PM PST Genetic products maker Affymetrix Inc (NASDAQ:AFFX) has announced the launch of its GeneChip miRNA 2.0 array, an extended version of its coveted first-generation microRNA/miRNA (a small RNA molecule) array solution. The new array has been geared to advance gene expression research by expediting the identification of biomarkers and gene expression signatures associated with disease.
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| Hot Option Plays: Option Strategies To Consider When Implied Volatility Relatively Low Posted: 28 Feb 2011 03:17 PM PST Cusick's Corner
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| Japan’s GDP Growth Since 1990 Is About The Same As Europe, But Lost Decades Only Apply For Japan? Posted: 28 Feb 2011 03:17 PM PST Here’s an updated chart to follow up on this post about the “Media Myth of Japan’s Lost Decades.” The chart above starts in 1990, instead of 1980 like in the previous post, and shows real GDP per capita for the U.S., Germany, Japan and Italy, with each country’s GDP per capita converted to an index equal to a starting value of 100 in 1990. We can see that Japan’s real output per person grew slightly less per year (average of 0.91%) than Germany’s (1.12%), and slightly more than Italy’s … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 28 Feb 2011 03:10 PM PST Recently, Thermo Fisher Scientific (NYSE:TMO) decided to sell its Athena Diagnostics to leading diagnostics player Quest Diagnostics (NYSE:DGX) for $740 million. Athena, with $110 million in revenues in 2010, provides diagnostic tests for neurological and other diseases, with an emphasis on gene-based tests.
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| Posted: 28 Feb 2011 03:06 PM PST ITT Corporation (NYSE:ITT) announced that NASA has selected its OI Analytical total organic carbon analyzer and WTW VARIO conductivity temperature meter. The end-use of these will be on the final flight of the Space Shuttle Discovery and by the crew of the International Space Station for measurement of conductivity and analyzing quality of water.
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| Peabody Improves Asian Exports Posted: 28 Feb 2011 03:06 PM PST St. Louis-based Peabody Energy Corporation (NYSE:BTU) has signed an agreement with Indonesia’s PT Cahaya Energi Mandiri (CEM) to source 2 million tons of coal to improve exports. Indonesia is the world’s largest supplier of seaborne thermal coal.
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| Posted: 28 Feb 2011 02:35 PM PST Last week, Northern Trust Corporation (NASDAQ:NTRS) announced the acquisition of Bank of Ireland Securities Services (BOISS) for $82 million (€60 million).
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| Medtronic Buys Rights To Gel Tech Posted: 28 Feb 2011 02:35 PM PST Leading medical devices player, Medtronic (NYSE:MDT) has recently acquired the rights to chitosan-dextran gel technology from its developers, Adelaide Research & Innovation Private Limited, Robinson Squidgel Limited and Otago Innovation Limited in order to complement its functional endoscopic sinus surgery (FESS) product portfolio.
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| Ban Oil Imports For Energy Security? Posted: 28 Feb 2011 02:26 PM PST By Dian L. Chu I came across an interesting editorial at Houston Chronicle dated Feb. 26 written by Yale Graduates Energy Study Group discussing energy security and independence. In the article, the authors propose a federal policy (the “limits” policy) to withdraw U.S. crude and products imports from the world oil market, for example, in a 10-year period. During that period, all imports would be phased out to zero except Canada, whose pipelines run almost exclusively south into … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 28 Feb 2011 02:25 PM PST Waste Management Inc. (NYSE:WM) has sold $400 million of its 4.6% senior notes due March 1, 2021 under an effective shelf registration statement previously filed with the Securities and Exchange Commission.
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| Petrobras Ends 2010 On Strong Note Posted: 28 Feb 2011 02:01 PM PST Brazilian state-run energy giant Petroleo Brasileiro S.A. (NYSE:PBR), or Petrobras S.A., announced its fourth quarter earnings of R$10.6 billion or R$0.81 per share, compared with R$7.7 billion or R$0.87 per share in the year-earlier quarter.
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| Forex – EUR/USD Up At The End Of U.S. Session Posted: 28 Feb 2011 01:55 PM PST Forex Pros – The Euro was higher against the U.S. Dollar on Monday after the release of U.S. data on Chicago PMI. EUR/USD was trading at 1.3804, up 0.36% at time of writing. The pair was likely to find support at 1.3672, Wednesday's low, and resistance at 1.3855, today's high. Earlier in the day, data showed that The U.S.'s Chicago PMI rose unexpectedly to a seasonally adjusted 71.20 last month from 68.80 in the preceding month. Analysts had expected the Chicago PMI to fall to 67.50 … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Closing Bell Market Monitor: VTR, HUM, HBC Posted: 28 Feb 2011 01:45 PM PST 02/28/11 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
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| Forex – USD/JPY Up Toward The End Of U.S. Session Posted: 28 Feb 2011 01:40 PM PST Forex Pros – The U.S. Dollar was higher against the Japanese Yen on Monday after the release of U.S. data on Pending Home Sales. USD/JPY was trading at 81.78, up 0.12% at time of writing. The pair was likely to find support at 81.62, today's low, and resistance at 82.89, Wednesday's high. Earlier in the day, industry data showed that Pending home sales in the U.S. rose unexpectedly to a seasonally adjusted -2.80% last month from -3.20% in the preceding month whose figure was revised down … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 28 Feb 2011 01:36 PM PST Before the bell, Edison International (NYSE:EIX) reported its fourth quarter and fiscal 2010 results. In the reported quarter, the company clocked core earnings of 58 cents per share missing the both the Zacks Consensus Estimate and year-ago quarterly earnings of 61 cents and 59 cents, respectively. Earnings fell largely due to higher income tax expense and lower trading revenues.
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| AES Corp. Misses EPS, Beats Sales Posted: 28 Feb 2011 01:36 PM PST AES Corporation (NYSE:AES) reported fourth quarter 2010 adjusted EPS of 23 cents, lower than the Zacks Consensus EPS estimate of 25 cents. However, adjusted EPS for the quarter was 2 cents ahead of the year-ago EPS of 21 cents.
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| Conoco In Long-Term Sinopec Deal Posted: 28 Feb 2011 01:36 PM PST Global integrated oil giant ConocoPhillips (NYSE:COP), along with Origin Energy Ltd. entered into a long-term deal with China Petrochemical Corporation (NYSE:SNP), or Sinopec, for the sale of a 15% stake in an Australian gas project. The financial terms of the deal were not disclosed by the companies.
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| Fitch Raises Hartford’s Outlook Posted: 28 Feb 2011 01:36 PM PST On the back of impressive net income in the fourth quarter results, the rating agency Fitch Ratings has upgraded its outlook on The Hartford Financial Services Group Inc. (NYSE:HIG), as the company diverts to safer risk profiles in its investment portfolio.
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| Forex – EUR/USD Up Toward The End Of U.S. Session Posted: 28 Feb 2011 01:25 PM PST Forex Pros – The Euro was higher against the U.S. Dollar on Monday after the release of U.S. data on Personal Spending. EUR/USD was trading at 1.3804, up 0.36% at time of writing. The pair was likely to find support at 1.3672, Wednesday's low, and resistance at 1.3855, today's high. Earlier in the day, official data showed that U.S. personal spending rose less-than-expected to a seasonally adjusted 0.20% last month from 0.50% in the preceding month whose figure was revised down from … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| U.S. Markets Close Higher; Dow Jones Up 0.79% Posted: 28 Feb 2011 01:10 PM PST Forex Pros – U.S. stocks were up after the closing bell on Monday. At the close of U.S. trade, the Dow Jones Industrial Average rose 0.79%, the S&P 500 index gained 0.56%, while the Nasdaq 100 index climbed 0.20%. Earlier in the day, data showed that The U.S.'s Chicago PMI rose unexpectedly to a seasonally adjusted 71.20 last month from 68.80 in the preceding month. Analysts had expected the Chicago PMI to fall to 67.50 last month. Meanwhile, across the Atlantic, European stock … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 28 Feb 2011 12:55 PM PST Louisville, Kentucky-based Texas Roadhouse Inc. (NASDAQ:TXRH) recently posted fourth quarter 2010 earnings of 14 cents that missed the Zacks Consensus Estimate of 16 cents, but escalated 13.0% year over year. The lower -than-expected results were due to higher costs, which contracted margin.
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| Toll Brothers Results Improve (revised) Posted: 28 Feb 2011 12:55 PM PST Toll Brothers Inc. (NYSE:TOL) recorded a profit of $3.4 million or 2 cents per share in the first quarter of fiscal 2011 ended January 31, 2011 in contrast to a loss of $40.8 million or 25 cents per share in the same quarter of the prior fiscal year. Excluding tax benefits of $20.4 million and $16.0 million, the company had reported losses of $17.0 million and $56.8 million for the first quarter of fiscal 2011 and fiscal 2010, respectively. On a per share basis, the loss of 10 cents in the … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – GBP/USD Up During The U.S. Session Posted: 28 Feb 2011 12:45 PM PST Forex Pros – The British Pound was higher against the U.S. Dollar on Monday after the release of U.S. data on Pending Home Sales. GBP/USD was trading at 1.6260, up 0.88% at time of writing. The pair was likely to find support at 1.6032, Friday's low, and resistance at 1.6276, today's high. Earlier in the day, industry data showed that Pending home sales in the U.S. rose unexpectedly to a seasonally adjusted -2.80% last month from -3.20% in the preceding month whose figure was revised … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 28 Feb 2011 12:35 PM PST Stone Energy Corp. (NYSE:SGY) reported fourth-quarter 2010 earnings of 49 cents per share, beating the Zacks Consensus Estimate of 44 cents, but falling below the year-earlier adjusted profit of 89 cents per share.
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| France Telecom Tops, Meets ’10 Goal Posted: 28 Feb 2011 12:35 PM PST FranceTelecom (NYSE:FTE), the world's largest telecommunications carrier in Paris, reported fiscal 2010 earnings per ADS of $2.47, surpassing the Zacks Consensus Estimate of $2.26. Earnings climbed 59.6% year over year. Net income shot up 61.7% year over year to €4.88 billion ($6.48 billion), courtesy cost savings at its U.K. operations.
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| The Fundamental Perspective For The AUD This Week Posted: 28 Feb 2011 12:32 PM PST The Australian economy will have several key releases this week as well as the Reserve Bank of Australia interest rate decision and statement.
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| Caribou Coffee Reports In Line Posted: 28 Feb 2011 12:10 PM PST Caribou Coffee Company, Inc. (NASDAQ:CBOU), posted fourth-quarter 2010 earnings of 21 cents per share, in line with the Zacks Consensus Estimate. The fourth quarter earnings soared 40% from 15 cents reported in the prior-year quarter.
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| Real Consumer Spending In January Was Above The Pre-Recession 2007 Level For 4th Straight Month Posted: 28 Feb 2011 12:07 PM PST In today’s BEA report on Personal Income, there was some pretty good news on real personal consumption expenditures: On an annual basis, real consumption spending increased by 2.8 percent in January, which was the largest annual improvement in four years, since January 2007 (see bottom chart above). Measured in constant 2005 dollars, real consumer spending dipped slightly by -0.1 percent in January from the all-time record high in December, but consumer expenditures last month of $9.44 … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Quick Checkup Of Monday Market Internals Posted: 28 Feb 2011 12:06 PM PST Though the S&P 500 rallied this morning, internals declined which helped fuel a pullback/retracement into a key support level intraday. It is absolutely essential that short-term – especially intraday – traders compare price swings with readings in Market Internals.
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| Earnings Scorecard: Limited Brands Posted: 28 Feb 2011 12:05 PM PST Limited Brands Inc. (NYSE:LTD), a specialty retailer of women's intimate and other apparel, beauty and personal care products, recently posted fourth-quarter 2010 results.
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| Commercial Building Automation Set To Take Off Posted: 28 Feb 2011 12:05 PM PST Ken Nagy, CFA The following article on Commercial Integrator (written by Stephen Castle) Caught my eye because the three companies Crestron, AMX and Lutron listed in the first paragraph and all are Sierra Monitor Corporation (SRMC) key customers/partners. http://www.commercialintegrator.com/article/building_automation_can_your_company_compete?utm_source=topic&utm_medium=today "You're an established commercial … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Commercial Building Automation Set To Take Off Posted: 28 Feb 2011 12:05 PM PST Ken Nagy, CFA The following article on Commercial Integrator (written by Stephen Castle) Caught my eye because the three companies Crestron, AMX and Lutron listed in the first paragraph and all are Sierra Monitor Corporation (SRMC) key customers/partners. http://www.commercialintegrator.com/article/building_automation_can_your_company_compete?utm_source=topic&utm_medium=today "You're an established commercial integrator. … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 28 Feb 2011 12:05 PM PST Warner Chilcott's (NASDAQ:WCRX) fourth quarter 2010 earnings (excluding special items) of 81 cents per share surpassed the Zacks Consensus Estimate by 7 cents and the prior-year earnings by 16 cents. Higher revenues accounted for increased earnings.
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| Forex – USD/CAD Down In U.S. Trade Posted: 28 Feb 2011 12:05 PM PST Forex Pros – The U.S. Dollar was lower against the Canadian Dollar on Monday after the release of Canadian data on GDP. USD/CAD was trading at 0.9717, down 0.62% at time of writing. The pair was likely to find support at 0.9710, today's low, and resistance at 0.9960, Wednesday's high. Earlier in the day, official data showed that Canadian gross domestic product rose more-than-expected to a seasonally adjusted 0.50% last month from 0.40% in the preceding month. Analysts had expected GDP … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex Trading: USDCAD Falls Below Channel Support And Approaches 3 Year Low Posted: 28 Feb 2011 11:47 AM PST The USDCAD fell today on the back of better than expected 4th quarter GDP. The GDP came in at 3.3% annualized. This was higher than the 3% expected and also above the 2.8% annualized pace that the US reported on Friday. The MoM increase came in at 0.5%. This too was better than 0.3% expectations. The stronger growth in the face of a stronger currency could suggest that a tightening could be in order for the BOC. The BOC does meet tomorrow but rates are expected to remain … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex Trading: EURUSD Inches Lower To Midpoint Of Days Range Posted: 28 Feb 2011 11:28 AM PST The EURUSD has been moving down steadily during the NY session. The price found resistance at the 1.3847 level (one attempt above the level was quickly thwarted) and from the failure, the downside has been explored. The 50% retracement of the days trading range is the last level of support tested. This level seems to have stalled the modest decline for the time being.
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| Booming Global Auto Market Good For Many Posted: 27 Feb 2011 10:00 PM PST Perhaps no industry has experienced a stronger recovery from the depths of the recession than the global automobile industry. Around the world, cars are rolling off the lot at a pace not seen in years. Global car ownership is expected to rise 17 percent over the next five years, according to data from J.D. Power.
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