Friday, February 25, 2011

DailyMarkets.com - FTI Consulting Beats Estimates

DailyMarkets.com - FTI Consulting Beats Estimates

FTI Consulting Beats Estimates

Posted: 25 Feb 2011 07:55 AM PST

FTI Consulting Inc.'s (NYSE:FCN) fourth quarter 2010 earnings of 56 cents per share beat the Zacks Consensus Estimate by 2 cents but deteriorated from the year-ago performance of 71 cents.  On a GAAP basis, earnings were 23 cents per share compared with 71 cents in the year-ago period. For full fiscal 2010, earnings per share were $1.51 versus $2.70 on a GAAP basis.
FTI Consulting's total revenue increased 3.4% year over year to $356.2 million, which also came ahead of the Zacks … [visit site to read more] or compare Best Credit Cards and Best CD Rates

NCR Corp.’s Latest ATM Breakthrough

Posted: 25 Feb 2011 07:55 AM PST

NCR Corp. (NYSE:NCR) another feather to its Automated Teller Machines (ATM) technology with the introduction of SelfServ 16, which is equipped with bank-grade ATM features. The new technology will be available for deployment in premises other than banks.
The compact NCR SelfServ 16 comes with a reasonable ownership cost, promises low to high transaction volumes, depending on customer requirement, and is ideal for financial institutions or banks eyeing off-premise ATM locations. It owns the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Shell Trims African Operation

Posted: 25 Feb 2011 07:55 AM PST

Royal Dutch Shell PLC (RDS.A) has entered into an agreement with Vitol and Helios Investment Partners for the sale of the majority of its shareholding in its downstream businesses in Africa. The total consideration of the deal is $1 billion. Per the terms of the deal, Shell will form two new joint venture companies and retain a partial interest in them to ensure continued availability of its products in 14 African countries.
Through the first joint venture, Shell will divest its 80% stake in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stocks To Watch On Friday: Exxon Mobil, Schlumberger, Priceline.com, General Motors, Boeing, Lloyds

Posted: 25 Feb 2011 07:24 AM PST

Twitter and Facebook kick started the Mid-East uprisings and now they seem to be running the capital markets.  With accounts having spent the better part of the last 3 trading days setting up hedgies and reducing exposure, Thursday's price action was dominated by day traders reacting to rumors. Yesterday reports of a “day of rage” being organized on Facebook in Saudi Arabia caused a $3 spike in Crude, yesterdays speculation of Qadaffi’s death led to a sell-off in Crude and a rally in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Competitive Pressure Thwarts TDS 4Q

Posted: 25 Feb 2011 07:05 AM PST

Telephone and Data Systems (NYSE:TDS) reported fourth quarter 2010 earnings of 14 cents per share, which fell short of the Zacks Consensus Estimate of 22 cents. However, earnings climbed 27% from 11 cents earned in the year-earlier quarter. Intense competition in both wireless and wireline businesses was responsible for the quarter's underperformance.
In fiscal 2010, earnings per share were $1.36 compared with $1.72 in the prior year.
Revenues inched up 0.3% year over year to $1,265.8 million in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Silver Rallying After A Gartley

Posted: 25 Feb 2011 07:04 AM PST

Silver Completing Flag Pattern to Form Gartley? (2/24)
Silver (XAG/USD)

- The flag pattern, then Gartley scenario was on point as we see the exact scenario proposed in the previous post materialize.
- Now we are rallying, towards the 34.30 high, but the momentum seen in the 1H chart is still bearish. If it rises above 60, it would be an early sign that the bearish momentum is gone, then if it breaks above 70, we should be seeing the market also testing or breaking the 34.30 high.
-The 4H … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Great Interactive Map Of China

Posted: 25 Feb 2011 06:39 AM PST

Pictured above is map of China from The Economist (interactive version here), showing how the economic output of individual Chinese provinces would compare to the GDP of entire countries.  The interactive version also allows you to compare GDP per capita, population and exports.  

HTs: Robert Kuehl and Colin … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Newmont Reports Mixed Quarter

Posted: 25 Feb 2011 06:35 AM PST

Newmont Mining Corporation (NYSE:NEM) reported excellent fourth-quarter 2010 results. GAAP net income increased 45.5% to $812 million or $1.65 per share in 2010 compared with $558 million or $1.14 per share in the prior year. Adjusted net income rose 2.3% to $574 million or $1.16 per share from $561 million or $1.14 per share in 2009. Results were above the Zacks Consensus Estimate of $1.11 per share.
GAAP net income increased 76% to $2.3 billion or $4.63 per share in 2010 compared with $1.3 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Foster Wheeler Underperforms Est.

Posted: 25 Feb 2011 06:35 AM PST

Foster Wheeler AG (NASDAQ:FWLT) reported fourth-quarter 2010 earnings per share from continuing operations of 31 cents compared with 67 cents in the prior-year quarter. The company underperformed the Zacks Consensus Estimate of 47 cents.
Excluding asbestos related provision of 5 cents, earnings per share in the quarter was 26 cents compared with 51 cents (after asbestos related provision of 16 cents). Lower volumes and margins in the Global Engineering and Construction Group and a higher effective … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Vivo Beats Top And Bottom Lines

Posted: 25 Feb 2011 06:35 AM PST

Vivo Participacoes (NYSE:VIV), the largest wireless operator in Brazil, reported fourth quarter earnings per ADS of $1.27 strongly surpassing the Zacks Consensus Estimate of 87 cents. Net income jumped more than four fold to R$864.2 million ($507.9 million) in the quarter piggy-backing on higher revenues.
In fiscal 2010, net income shot up 115.7% year over year to R$1,893.8 million ($1,072.6 million).
Consolidated EBITDA climbed 20.9% year over year to R$1,677.7 million ($986 million). The … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stock Market News Briefs: Autodesk, Brookdale Senior Living, Crescent Financial, General Motors, Human Genome Sciences, Iron Mountain Incorporated, Newmont Mining Corporation (Holding Company)

Posted: 25 Feb 2011 06:35 AM PST

 Iron Mountain (NYSE:IRM) reported Q4 EPS of $0.30, ex-items, slightly higher than the Zacks Consensus Estimate of $0.29.

 Newmont Mining (NYSE:NEM) reported Q4 EPS of $1.16, ex-items, ahead of the Zacks Consensus Estimate of $1.14 per share

 General Motors (NYSE:GM) posted lower than expected Q4 net income of $510 million due to increased spending on new vehicle programs, lower production of high-margin trucks and  IPO related charges incurred last year

 Autodesk Inc. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Before The Bell

Posted: 25 Feb 2011 06:25 AM PST

02/25/11 A breakdown of what investors need to know prior to the open of the US equity … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Swiss Franc: Under Pressure

Posted: 25 Feb 2011 06:18 AM PST

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Japanese Yen: Under Pressure

Posted: 25 Feb 2011 06:18 AM PST

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

British Pound: The Downside Prevails

Posted: 25 Feb 2011 06:18 AM PST

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Euro: Under Pressure

Posted: 25 Feb 2011 06:18 AM PST

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Buy BRD – $1.53 Pre-Market

Posted: 25 Feb 2011 06:09 AM PST

This is a daily chart of Brigus Gold Corp (BRD) which I just bought in this morning’s pre-market at $1.53. While there is nothing particularly noteworthy such as a True Strength Index or Money Flow Index indicator break out as yet, I do note that the TSI is quite oversold, the stock is well off its December highs, earnings projections are very favorable and price bounced off the 200 dma yesterday.  There appears to be little down side risk at this price so I am regarding this purchase as … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Liberty Global Reported Mixed 4Q10

Posted: 25 Feb 2011 06:05 AM PST

Yesterday, after market close, Liberty Global Inc. (NASDAQ:LBTYA) declared mixed financial results for the fourth quarter of 2010. Quarterly GAAP net income from continuing operations was $96.2 million or 15 cents per share compared with a net income of $458.1 million or $1.25 per share in the prior-year quarter. The fourth quarter of 2010 adjusted (excluding special items) EPS of 20 cents was also below the Zacks Consensus Estimate of 27 cents.
Quarterly total revenue of $2,425.6 million was an … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Ford Recalls Best Selling Pickup

Posted: 25 Feb 2011 06:05 AM PST

Ford Motor Co. (NYSE:F) announced that it will recall 144,000 units of its best selling pickup truck, F-150, in the U.S. and Canada. The announcement follows a request made by the National Highway Traffic Safety Administration (NHTSA) to fix a glitch with the front air bags that may deploy when not needed due to a short circuit.
In 2009, NHTSA opened an investigation into 1.3 million units of F-150 trucks from the 2004-2006 model years. The vehicles were manufactured at the company's Norfolk … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Disney Acquires Togetherville

Posted: 25 Feb 2011 06:05 AM PST

According to the Associated Press, The Walt Disney Company (NYSE:DIS), one of the world’s leading diversified entertainment companies, has acquired Togetherville, a social online community for children. However, the terms of the deal were not disclosed.
The transaction reflects the company's strategic approach toward ruling the online world meant for parents and kids and its plan to be a distinct player in gaming and mobile business.
The acquisition is also aimed toward boosting its interactive … [visit site to read more] or compare Best Credit Cards and Best CD Rates

GBP/USD And Its Fractal Double Tops; 1.5960 Targeted

Posted: 25 Feb 2011 05:57 AM PST

Forex Notes (2/23)
GBP/USD

- The failed to break above 1.63, failing to even test it, topping at 1.6280.
- The decline from there started with a double top seen in the right part of the 1H Chart.
- Now near we have cracked 1.61, and another double top is formed. A pullback should not go above 1.6180 if the market is to confirm the bearish intent. The upside to 1.65 opens up if 1.63 is cracked, but we are in a very short-term bearish attempt, that can extend into the short medium term (1 week … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Risk Rebound Revives Demand For Commodity Dollars

Posted: 25 Feb 2011 05:57 AM PST

Libya’s unintended chokehold on the price of crude oil slipped somewhat late on Thursday allowing investors to breathe easier. Stock markets around the world have rebounded at the end of the week and demand for the safe haven units of the yen and Swiss franc have consequently subsided. The reprieve has allowed the dollar to raise its head leading some to question its absence during a period of intense risk aversion.
U.S. Dollar – This week’s 14% jump in the price of crude oil has dulled demand … [visit site to read more] or compare Best Credit Cards and Best CD Rates

The Euro Continues To Rally As Interest Rates Detract From The Dollar

Posted: 25 Feb 2011 05:48 AM PST

The dollar continues to weaken as the US Treasury draws a safe haven bid, because its depth and transparency.  As yields in the US continue to move lower relative to the Euro and the Pound, markets participants are moving away from the Greenback.

The US dollar continues to track the movement of interest rate differentials.  The 2-year yield differential has moved back to the recent highs, pushing the dollar lower and the Euro higher.  A break of the 1.3850 level, will likely … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Dell Completes Compellent Buyout

Posted: 25 Feb 2011 05:35 AM PST

Yesterday, Dell Inc. (NASDAQ:DELL) announced that it has completed the acquisition of storage-solution provider Compellent Technologies Inc. (CML), after receiving shareholders' approval at a special shareholder meeting. As consideration, Dell had to pay $27.75 per share for each Compellent share in cash. Dell expects the acquisition to be accretive to pro forma earnings in fiscal 2012.
Data storage plays a crucial role in cloud computing, which helps users access remote computing power and data … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Goldcorp Beats Estimates

Posted: 25 Feb 2011 05:35 AM PST

Goldcorp Inc. (GG) reported solid fourth-quarter 2010 results. Reported net earnings in the quarter were $331.8 million compared with $66.7 million in the fourth quarter of 2009. Adjusted net earnings were $417.1 million, or 57 cents per share compared with $182.7 million, or 25 cents per share in the fourth quarter of 2009. Results exceeded the Zacks Consensus Estimate of 49 cents.
The increase was driven by higher gold and silver prices and increased bullion production.
Net earnings in 2010 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

EUR/USD Eyes 1.37 And 1.3650 After Failure Of 1.3860

Posted: 25 Feb 2011 05:25 AM PST

EUR/USD's Bullish Targets 1.3860, 1.3980, 1.4280 (2/24)
EUR/USD

- The bullish scenario is still valid, but the EUR/USD has been choppy so it is no surprise that it missed the 1.3860 high, and instead is turning lower. This is a typical Friday if the market is ranging, but has trended during the week.
- This decline can pick up speed throughout the US session which ends this weeks trading near 4:00PM ET.
- Let's see if the market can test 1.37-1.3680 zone to end the week. It will be … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Gold In Consolidation; 1392 Is Key Pivot

Posted: 25 Feb 2011 05:03 AM PST

Gold (XAU/USD)

- Gold is hanging on the gains this week, but the 4H chart suggests it is developing either a top, or a significant correction. The market has already fell from 1418 to 1392. This 1392 pivot will be key. If it breaks, we would have formed a head and shoulder, and the decline can go down to the 1360s, 1364 being 50% retracement.
- A break back above 1418 should resume a the attempt to test the 1431 all-time high.
- Gold is seen in the daily chart in ranging mode, but with prior … [visit site to read more] or compare Best Credit Cards and Best CD Rates

AUD/NZD Tests 1.35 Resistance; Swing Projection Targets 1.3640

Posted: 25 Feb 2011 04:29 AM PST

Previous: AUD/NZD's Bullish Breakout and Targets (2/14)
AUD/NZD

- This is a follow up of the AUD/NZD, which caught our eyes with a bullish breakout last Monday. The swing projection targets 1.3640. The swing projection is based on a positive reversal signal spotted on the weekly chart.
- The rally picked up speed this week. We did have an Earthquake in New Zealand. This would definitely contribute to the Aussie gaining on the Kiwi.
- Now, we are at 1.35, which is the high from 2010, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Long Term Treasury Yields: Heading Lower

Posted: 24 Feb 2011 09:12 AM PST

Lost in all the noise about crude oil this week and its effect on the economic recovery (i.e., the equity rally) has been the top in Treasury yields.  This article will cover the technical aspects of the Ultra Short Lehman 20 plus Year Treasury Fund (symbol: TBT).

Let’s start with a weekly chart (see figure 1) of the Ultra Short Lehman 20 plus Year Treasury Fund (symbol: TBT); this 2x leveraged ETF moves inverse to bond prices or in the direction of Treasury yields.  Key pivot … [visit site to read more] or compare Best Credit Cards and Best CD Rates
at

No comments:

Post a Comment