DailyMarkets.com - GOL’s 4Q Dented By Higher Taxes |
- GOL’s 4Q Dented By Higher Taxes
- IMUC: Initiation With An Outperform Rating
- Wendy’s To Binge On Philippines
- Wendy’s To Binge On Philippines
- Transocean Lags Ests, Annually Down
- Loss Narrows At Alnylam
- Chico’s Trails, Shows Annual Growth
- Dollar Tree Steers Past Estimates
- Dish Network Beats, Loses Subscribers
- Target’s Earnings Soar
- Fresenius Tops, Misses On Sales
- U.S. New Home Sales Fall More-than-expected In January
- USD/CHF Cracks 0.93 And Has 0.89 In Sight
- U.S. Stocks Open Modestly Higher After Jobless Data; Dow Up 0.05%
- Stock Market Summary For Thursday, February 24, 2011 Special Alert UUP And EUO
- Chicago Bridge & Iron Beats Estimates
- E*TRADE’s Metrics Advance
- Stock Market News Briefs: Chico’s FAS, Duncan Energy Partners L.P., Enterprise Products Partners L.P., Garmin Ltd., Limited Brands, TJX Companies, Vertex Pharmaceuticals Incorporated
- Bonds Buoyant After Drop In Initial Claims
- Before The Bell
- Conversation And Perspective With Paul McCracken At 95 Yrs. Old, He Still Keeps Regular Office Hours
- Forex – USD/CAD Hovering Above 35-month Low As Crude Rallies
- Swiss Franc: Under Pressure
- Japanese Yen: Under Pressure
- British Pound: The Downside Prevails
- Euro: Under Pressure
- Forex Trading: GBPUSD Moves Above 100 Hour MA At 1.6200
- Forex – USD/JPY Extends Losses As Risk Aversion Boosts Safe Havens
- Kohl’s Reports Strong 4Q, Initiates Dividend
- Earnings Scorecard: Pool Corp.
- Jobless Claims Fall To Lowest Level Since July 2008
- Risk-off Leaves Commodity Dollars In A Curious Spot
- U.S. Initial Jobless Claims Fall More-than-expected
- U.S. Core Durable Goods Orders Plunge In January
- Calgon Beats Estimates
- Flowserve Beats Zacks Estimate
- Truck Tonnage Index Surges 3.8% In January
- Forex – Dollar Broadly Lower Vs. Rivals As Crisis In Libya Continues
- CCI Spikes: A Hint Of Healing?
- Forex – GBP/USD Under Pressure As Risk Aversion Weighs
- Forex – EUR/CHF Hits 1-month Low As Libya Fears Spur Flight To Safety
- Forex – EUR/GBP Extends Gains On Dismal U.K. Retail Sales Report
- Forex – EUR/USD Erases Losses, Hits Fresh 3-week High
- The Rydex Market Timers
| GOL’s 4Q Dented By Higher Taxes Posted: 24 Feb 2011 08:05 AM PST On February 22, Gol Linhas Aereas Inteligentes (NYSE:GOL) reported its financial results for the fourth quarter and the fiscal year 2010. Net income in the quarter was R$132.2 million (US$77.8 million), down 66.8% year over year but up 20.2% sequentially.
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| IMUC: Initiation With An Outperform Rating Posted: 24 Feb 2011 08:05 AM PST Grant Zeng, CFA
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| Wendy’s To Binge On Philippines Posted: 24 Feb 2011 08:05 AM PST Wendy's/Arby's International Inc., a subsidiary of Wendy's/Arby's Group Inc. (NYSE:WEN) recently announced that it has inked a long-term development agreement with Wenphil Corporation to expand in the Philippines. Per the deal, Wenphil will develop 44 additional Wendy's restaurants in other cities and regions in that country outside Metro Manila, through the sub-franchising method. The terms of the deal were not disclosed.
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| Wendy’s To Binge On Philippines Posted: 24 Feb 2011 08:05 AM PST Wendy's/Arby's International Inc., a subsidiary of Wendy's/Arby's Group Inc. (NYSE:WEN) recently announced that it has inked a long-term development agreement with Wenphil Corporation to expand in the Philippines. Per the deal, Wenphil will develop 44 additional Wendy's restaurants in other cities and regions in that country outside Metro Manila, through the sub-franchising method. The terms of the deal were not disclosed.
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| Transocean Lags Ests, Annually Down Posted: 24 Feb 2011 08:05 AM PST Global offshore drilling contractor Transocean Inc. (RIG) reported weak fourth quarter and full-year 2010 results, affected by reduced utilization rates and lower average daily revenue along with higher operating costs.
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| Posted: 24 Feb 2011 07:35 AM PST Alnylam Pharmaceuticals Inc.'s (NASDAQ:ALNY) fourth quarter loss of 16 cents per share was narrower than the Zacks Consensus Estimate of a loss of 35 cents per share and also the year-ago loss of 19 cents per share. Lower general and administrative expenses helped reduce loss during the quarter.
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| Chico’s Trails, Shows Annual Growth Posted: 24 Feb 2011 07:35 AM PST Chico’s FAS Inc. (NYSE:CHS) reported fourth-quarter 2010 earnings of 12 cents per share, trailing by a penny the Zacks Consensus Estimate of 13 cents. The results, however, compare favorably with 10 cents earned in the fourth quarter of 2010. Net income was $20.7 million, compared with $17.5 million in the prior-year quarter.
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| Dollar Tree Steers Past Estimates Posted: 24 Feb 2011 07:05 AM PST Dollar Tree Inc. (NASDAQ:DLTR) reported fourth quarter earnings of $1.29 per share, beating the Zacks Consensus Estimate of $1.27 per share and the prior-year figure of $1.01 per share. The quarter was aided by robust sales from increased traffic.
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| Dish Network Beats, Loses Subscribers Posted: 24 Feb 2011 07:05 AM PST DISH Network Inc. (NASDAQ:DISH) declared fourth quarter of 2010 financial results today that outperformed the Zacks Consensus Estimates. Quarterly GAAP net income was $252 million or 56 cents per share compared with a net income of $179 million or 40 cents per share in the prior-year quarter. EPS of 56 cents in the fourth quarter of 2010 was well above the Zacks Consensus Estimate of 53 cents.
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| Posted: 24 Feb 2011 07:05 AM PST Target Corporation (NYSE:TGT), the operator of general merchandise and food discount stores in the United States, recently posted fourth-quarter 2010 results. The quarterly earnings of $1.45 per share beat the Zacks Consensus Estimate of $1.40, and rose 17% from $1.24 earned in the prior-year quarter.
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| Fresenius Tops, Misses On Sales Posted: 24 Feb 2011 07:05 AM PST Fresenius Medical Care (NYSE:FMS), a leading provider of dialysis products and services, reported fourth-quarter and fiscal 2010 earnings per ADS of 90 cents and $3.25, respectively, beating the corresponding Zacks Consensus Estimates of 88 cents and $3.23 while exceeding the year-ago earnings of 82 cents and $2.99. Net income (attributable to the company) climbed 10% year over year to $271.4 million, in the fourth quarter, riding on higher sales.
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| U.S. New Home Sales Fall More-than-expected In January Posted: 24 Feb 2011 07:05 AM PST Forex Pros – U.S. new home sales fell more-than-expected in January, official data showed on Thursday. In a report, the U.S. Census Bureau said new home sales dropped by 12.6% to a seasonally adjusted 284,000 units in January, after rising by 15.7% to 325,000 units in December, whose figure was revised down from 329,000 units. Analysts had expected the number of new home sales to fall by 8.8% to 310,000 units in January. Following the release of the data, the U.S. dollar was down against … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| USD/CHF Cracks 0.93 And Has 0.89 In Sight Posted: 24 Feb 2011 06:59 AM PST Previous: Forex Notes (2/23) - USD/CHF broke below 0.93 today with strong price action.The RSI remained mostly below 60, and is now about to kiss 30 reflecting bearish continuation.
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| U.S. Stocks Open Modestly Higher After Jobless Data; Dow Up 0.05% Posted: 24 Feb 2011 06:55 AM PST Forex Pros – U.S. stock markets were modestly higher after the open on Thursday, after the release of upbeat data on initial jobless claims, however gains were limited after oil prices spiked to a 30-month high as unrest in Libya continued. During early U.S. trade, the Dow Jones Industrial Average eased up 0.05%, the S&P 500 index was up 0.04%, while the Nasdaq Composite index climbed 0.27%. Earlier in the day, U.S. Department of Labor said that the number of people who filed for … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Stock Market Summary For Thursday, February 24, 2011 Special Alert UUP And EUO Posted: 24 Feb 2011 06:44 AM PST We are going to add to our watch list another position in the PowerShares Double US Dollar Index Bullish Fund (symbol: UUP) at the current price of $22.14, and another position in the ProShares UltraShort Euro (symbol: EUO) at the current price of $18.92. We have now averaged into these two ETFs three … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Chicago Bridge & Iron Beats Estimates Posted: 24 Feb 2011 06:36 AM PST Chicago Bridge & Iron Company (NYSE:CBI) reported earnings per share from continuing operations of 63 cents per share compared to the Zacks Consensus Estimate of 55 cents for the fourth quarter of 2010.
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| Posted: 24 Feb 2011 06:36 AM PST On Wednesday, Online broker E*TRADE Financial Corporation (NASDAQ:ETFC) reported an improved Daily Average Revenue Trades (DARTs) through February 22, 2011. The company also reported monthly delinquencies in its loan portfolio for November 2010, December 2010 and January 2011.
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| Posted: 24 Feb 2011 06:36 AM PST Garmin Ltd. (NASDAQ:GRMN) reported Q4 EPS of $0.83, lower than the Zacks Consensus Estimate of $0.87 per share. Revenues for the quarter fell 21% year-over-year to $838.0 million, missing the Zacks Consensus Estimate of $860.0 million Chico's FAS, Inc. (NYSE:CHS) reported Q4 EPS of $0.12, slightly lower than the Zacks Consensus Estimate of $0.13 per share. Revenues for the quarter rose 9% year-over-year to $475.0 million, above the Zacks Consensus Estimate of $473.0 … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Bonds Buoyant After Drop In Initial Claims Posted: 24 Feb 2011 06:36 AM PST Bond dealers have to reconcile conflicting factors on Thursday as government paper prices gyrate. Earlier in the session equity index futures pointed to a further lurch lower at the start of trading on account of a nasty concoction of events in Tripoli as Colonel Qaddafi struggles to maintain a grip over Libyans. The resultant triple-digit price of crude oil, powered higher by speculative concerns that supplies will be reduced, has mounting growth concerns around the world. Bond buyers haven’t … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 24 Feb 2011 06:25 AM PST 02/24/11 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
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| Conversation And Perspective With Paul McCracken At 95 Yrs. Old, He Still Keeps Regular Office Hours Posted: 24 Feb 2011 06:24 AM PST From a story and interview with Paul McCracken, from the Michigan Ross School of Business: “Paul McCracken (pictured above at his 95th birthday party) arrived on the University of Michigan campus in 1948, and in 2011 he still keeps regular office hours. He is the Edmund Ezra Day Distinguished University Professor Emeritus of Business Administration, Economics, and Public Policy, and at age 95, he is one of the school's most treasured resources.” Here’s an excerpt: You were … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – USD/CAD Hovering Above 35-month Low As Crude Rallies Posted: 24 Feb 2011 06:23 AM PST Forex Pros – The U.S. dollar was trading close to a 35-month low against its Canadian counterpart on Thursday, as crude oil, Canada's largest export, soared amid fears that escalating violence in Libya could reduce global supplies. USD/CAD hit 0.9818 during European afternoon trade, the pair's lowest since February 17; the pair subsequently consolidated at 0.9831, dropping 0.63%. The pair was likely to find support at 0.9709, the low of February 28, 2008 and resistance at 0.99, the days … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 24 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
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| Posted: 24 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
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| British Pound: The Downside Prevails Posted: 24 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
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| Posted: 24 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
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| Forex Trading: GBPUSD Moves Above 100 Hour MA At 1.6200 Posted: 24 Feb 2011 06:16 AM PST The GBPUSD has been bouncing between the 100 and 200 hour MA at the 1.6150 area and the 1.6200 level. The pair is breaking above the 100 hour MA at the 1.6200 level now and the market will now look for continued buying momentum. The high over the last eight hours of trading comes in at 1.6213 and a move above this level should lead to further upside momentum. A failure on the break would likely lead to a rotation back to the … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – USD/JPY Extends Losses As Risk Aversion Boosts Safe Havens Posted: 24 Feb 2011 06:10 AM PST Forex Pros – The U.S. dollar extended losses against the yen on Thursday, as fears that soaring oil prices would create a drag on the global economic recovery lent support to traditional safe haven assets. USD/JPY hit 81.66 during European afternoon trade, the pair's lowest since February 8; the pair subsequently consolidated at 81.8, dropping 0.87%. The pair was likely to find support at 81.34, the low of February 2 and resistance at 82.51, the day's high. Major banks warned on … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Kohl’s Reports Strong 4Q, Initiates Dividend Posted: 24 Feb 2011 06:07 AM PST Kohl’s Corp. (NYSE:KSS) registered fourth-quarter 2010 earnings of $1.66 per share, which was in line with the Zacks Consensus Estimate. However, earnings were up 18.6% year-over-year from $1.40.
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| Earnings Scorecard: Pool Corp. Posted: 24 Feb 2011 06:07 AM PST On February 17, Pool Corp. (NASDAQ:POOL) reported fourth quarter fiscal 2010 loss of 24 cents per share, which was in line with the Zacks Consensus Estimate. However, the quarter's loss compared favorably with the year-earlier loss of 28 cents. The loss narrowed due to modest top-line growth along with efficient cost management. For fiscal 2010, earnings were $1.15 versus 39 cents recorded in 2009.
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| Jobless Claims Fall To Lowest Level Since July 2008 Posted: 24 Feb 2011 06:06 AM PST NEW YORK (CNNMoney) — “In another sign that the job market is slowly recovering, the number of Americans filing first-time claims for unemployment benefits fell last week. There were 391,000 initial jobless claims filed in the week ended Feb. 19, according to the Labor Department said Thursday. That was down 22,000 from the week before, and better than the 410,000 claims economists surveyed by Briefing.com had expected. The 4-week moving average fell to 402,000 from 418,500 the previous … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Risk-off Leaves Commodity Dollars In A Curious Spot Posted: 24 Feb 2011 06:05 AM PST As fear gauges rise around the world with the increasing use of the term ‘deflation,’ the dollar is weakening against a basket of competing safety havens. The surging price of crude oil brought about largely by a speculative binge is likely to lengthen the so-called ‘extended period’ of accommodative monetary stance at the Federal Reserve. At the same time the eye-popping jump in energy costs is feeding inflationary fears elsewhere causing speculation that tighter monetary policy will lead a … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| U.S. Initial Jobless Claims Fall More-than-expected Posted: 24 Feb 2011 05:41 AM PST Forex Pros – The number of people who filed for unemployment assistance in the U.S. last week fell more-than-expected, official data showed on Thursday. In a report, the U.S. Department of Labor said the number of individuals filing for initial jobless benefits in the week ending February 19 fell to a seasonally adjusted 391K, after rising to 413K in the preceding week, whose figure was revised up from 410K. Analysts had expected initial jobless claims to fall to 405K in the week ending … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| U.S. Core Durable Goods Orders Plunge In January Posted: 24 Feb 2011 05:38 AM PST Forex Pros – U.S. core durable goods orders plunged unexpectedly in January, official data showed on Thursday. In a report, the U.S. Census Bureau said core durable goods orders fell by a seasonally adjusted 3.6% in January, after rising by 3.0% in December, whose figure was revised up from 0.5%. Analysts had expected core durable goods orders to rise by 0.6% in January. The report also showed that durable goods orders, which include transportation items, rose less-than-expected in … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 24 Feb 2011 05:36 AM PST Calgon Carbon Corporation (NYSE:CCC) reported a profit of $12.5 million or 22 cents per share in the fourth quarter of 2010 compared with 23 cents in the year-ago quarter. Reported earnings were above the Zacks Consensus Estimate of 17 cents.
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| Flowserve Beats Zacks Estimate Posted: 24 Feb 2011 05:36 AM PST Flowserve Corporation (NYSE:FLS) reported fourth-quarter 2010 earnings per share from continuing operations of $2.09, surpassing the Zacks Consensus Estimate of $1.98. For 2010, earnings per share from continuing operations was $7.03, outpacing the Zacks consensus Estimate of $6.91.
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| Truck Tonnage Index Surges 3.8% In January Posted: 24 Feb 2011 05:18 AM PST “The American Trucking Associations' seasonally adjusted For-Hire Truck Tonnage Index increased 3.8 percent in January after rising a revised 2.5 percent in December 2010. The latest jump put the SA index at 117.1 (2000=100) in January, which was the highest level since January 2008 (see chart above). In December, the SA index equaled 112.7. Compared with January 2010, SA tonnage climbed 8 percent, which was the largest year-over-year increase since April 2010. For all of 2010, … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – Dollar Broadly Lower Vs. Rivals As Crisis In Libya Continues Posted: 24 Feb 2011 05:08 AM PST Forex Pros – The U.S. dollar was braodly lower against its major counterparts on Thursday, as continued violence in Libya sent crude oil prices soaring and prompted investors to seek out safe havens such as the Swiss franc and the yen. During European afternoon trade, the greenback was down against the euro, with EUR/USD easing up 0.17% to hit 1.3771. Earlier in the day, major banks warned that OPEC needed to act quickly to halt the rally in oil prices if unrest was to spread beyond Libya … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| CCI Spikes: A Hint Of Healing? Posted: 24 Feb 2011 05:01 AM PST Is economic recovery gaining some traction? Yes, perhaps, if we go by the report released by the Conference Boardon Tuesday.According to the Conference Board, its Consumer Confidence Index (CCI) for the month of February jumped to the highest level since February 2008. The sharp rise is a reflection of growing consumer optimism on the short term, the Board says.
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| Forex – GBP/USD Under Pressure As Risk Aversion Weighs Posted: 24 Feb 2011 04:58 AM PST Forex Pros – The pound was down against the U.S. dollar on Thursday, as risk appetite was hit by ongoing concerns over escalating unrest in Libya and soaring crude oil prices. GBP/USD hit 1.6144 during European afternoon trade, the daily low; the pair subsequently consolidated at 1.6177, shedding 0.21%. Cable was likely to find short-term support at 1.6131, Wednesday's low and resistance at 1.6274, Wednesday's high and a three-week high. Earlier in the day, major banks warned that OPEC … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – EUR/CHF Hits 1-month Low As Libya Fears Spur Flight To Safety Posted: 24 Feb 2011 04:05 AM PST Forex Pros – The euro fell to a one-month low against the Swiss franc on Thursday, as concerns over escalating violence in Libya saw crude oil prices continue to rally and spurred demand for safe haven assets. EUR/CHF hit 1.2707 during European late morning trade, the pair's lowest since January 13; the pair subsequently consolidated at 1.2745, shedding 62%. The pair was likely to find support at 1.2579, the low of January 12 and resistance at 1.288, Wednesday's high. The Swiss franc … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – EUR/GBP Extends Gains On Dismal U.K. Retail Sales Report Posted: 24 Feb 2011 03:39 AM PST Forex Pros – The euro extended gains against the pound on Thursday, climbing to a fresh three-week high, following a report showing that U.K. retail sales growth slowed more than expected in February to its weakest since last June. EUR/GBP hit 0.8531 during European late morning trade, the pair's highest since February 2; the pair subsequently consolidated at 0.8521, gaining 0.49%. The pair was likely to find support at 0.8419, Wednesday's low and resistance at 0.8576, the high of … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – EUR/USD Erases Losses, Hits Fresh 3-week High Posted: 24 Feb 2011 03:16 AM PST Forex Pros – The euro erased losses against the U.S. dollar on Thursday, climbing to hit a fresh three-week high as a surge in oil prices and expectations of a near-term interest rate hike by the European Central Bank dented the greenbacks appeal. EUR/USD clawed up from 1.3705, the daily low, to hit 1.3776 during European morning trade, gaining 0.21%. The pair was likely to find support at 1.3646, Wednesday's low and short-term resistance at 1.386, the high of February 2 and a three-month … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 23 Feb 2011 05:46 PM PST Two consecutive down days in the equity markets must seem like Armageddon for those whom forgot the markets can go both ways. But let’s be real. Nothing has happened. A 3% down draft in two days after a 30% moonshot in the SP500 over the past 6 months is nothing, and at best, this week’s events serve to remind investors that markets MAY go in both up and down directions. Risks have been rising for awhile, and it is just not because the bullish (sic: foolish) extremes in … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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