Friday, February 25, 2011

DailyMarkets.com - Is It A Mancovery Or A Mancession?

DailyMarkets.com - Is It A Mancovery Or A Mancession?

Is It A Mancovery Or A Mancession?

Posted: 25 Feb 2011 06:14 PM PST

What does this woman pictured above have to do with the graph below? Find out here at the Enterprise … [visit site to read more] or compare Best Credit Cards and Best CD Rates

SP500 Continues To Ride Sigma Bands Higher

Posted: 25 Feb 2011 05:11 PM PST

Earlier, I posted that the S&P 500 was riding the first and second Sigma (standard deviation) bands all the way up, and that concept has continued during the recent rally – until this week's snap decline.
Let's take a look at the updated S&P 500 Sigma Band chart and see where the current boundaries reside:

Click for full-size image.
For reference, Sigma simply refers to Standard Deviation from the 20 day mean (average), and we're looking at the plus and minus four sigma bands … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Greatbatch EPS Tops

Posted: 25 Feb 2011 03:35 PM PST

Greatbatch (NYSE:GB) posted fourth-quarter fiscal 2010 adjusted (excluding one-time items) earnings per share of 46 cents, beating the Zacks Consensus Estimate of 42 cents and exceeding the year-ago earnings of 40 cents.
For the full year, adjusted earnings per share of $1.51 also topped the Zacks Consensus Estimate of $1.46 while were a penny shy of the year-ago earnings. 
The Clarence, New York-based company booked a profit of $13.8 million (or 59 cents per share) in the quarter compared to … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Williams Upgraded To Neutral

Posted: 25 Feb 2011 03:35 PM PST

Following a recent spin-off plan and strong operating results, we have upgraded natural gas producer and pipeline firm The Williams Companies Inc. (NYSE:WMB) to Neutral from Underperform.
Williams Companies is an integrated energy firm that primarily finds, produces, gathers, processes and transports natural gas primarily in the Rocky Mountains, Gulf Coast, Pacific Northwest, Eastern Seaboard and the Marcellus Shale in Pennsylvania. The company divides its business into three segments: Exploration … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Earnings Scorecard: HCP

Posted: 25 Feb 2011 03:35 PM PST

HCP Inc. (NYSE:HCP), a leading healthcare real estate investment trust (REIT), reported fiscal 2010 fourth quarter recurring funds from operations (FFO) of 64 cents per share, which beat the Zacks Consensus Estimate by 5 cents.
Funds from operations, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income.
We cover below the results of the recent earnings announcement, as well as the subsequent analyst … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Hot Option Plays: Is Inflation Good For A Portfolio?

Posted: 25 Feb 2011 03:18 PM PST

Cusick's Corner
Food for thought this weekend — is inflation good for my portfolio? With corporate profits continuing to top estimates and forecasts still positive out 2-3 quarters, it may be easy to negate the impact of potential inflation on your holdings. But that could be a mistake. Unlike spring of last year when I could fill up my tank for $2.75 a gallon, now I am spending $3.10. This price trend has only been exacerbated by the headlines this week and that has many consumers … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Deckers Tops Estimates

Posted: 25 Feb 2011 03:05 PM PST

Deckers Outdoor Corporation (NASDAQ:DECK), the maker of sheepskin boots and slippers, recently delivered better-than-expected fourth-quarter 2010 results on the heels of strong demand for the product lines under the UGG and Teva brands.
The quarterly earnings of $2.27 per share outstripped the Zacks Consensus Estimate of $1.99, and rose 30.5% from $1.74 earned in the prior-year quarter.
The Zacks Consensus Estimate rose by 2 cents prior to the earnings release with 5 out of 13 analysts covering the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Vale 4Q Beats Estimate

Posted: 25 Feb 2011 03:05 PM PST

Vale S.A. (VALE), on February 24, released its financial results for the fourth quarter and the fiscal year 2010.
The company’s net earnings in the fourth quarter were $1.12 per ADR, up compared with 28 cents per ADR in the year-ago quarter and the Zacks Consensus Estimate of $1.00 per ADR. However, the results were a cent below $1.13 per ADR earned in the previous quarter.
In the fiscal year 2010, earnings per ADR were $3.25, up from $1.00 reported in the fiscal year 2009 and above the Zacks … [visit site to read more] or compare Best Credit Cards and Best CD Rates

AMAT Beats, Guides Higher

Posted: 25 Feb 2011 03:05 PM PST

Applied Materials' (NASDAQ:AMAT) first quarter earnings beat the Zacks Consensus by 3 cents, or 9.1%. Revenue came in higher than management expectations and exceeded the Zacks Consensus by 3.7%.
Revenue
Applied Materials reported revenue of $2.69 billion, which was down 6.9% sequentially and up 45.3% year over year. Increase from the year-ago quarter suggests that growth drivers remain on track.
The Applied Global Services ("AGS") and Energy and Environmental Systems ("EES") segments … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Momentum Stocks For Next Week

Posted: 25 Feb 2011 03:04 PM PST

( click to enlarge )

Atmel Corporation (NASDAQ:ATML) – The long-term outlook turned overtly positive when the stock moved past its previous high of $6.03 in August last year. ATML recorded the peak of $16.80 early this month and is currently in a correction with support level at the 50-day average which is currently at $13.85. Although price of the stock is in a clear uptrend, the momentum indicators are showing signs of weakness. Both stochastic analysis and MACD charts are flashing bearish … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Key Events To Consider Next Week: ECB Interest Rate Meeting And February’s Non-Farm Payroll

Posted: 25 Feb 2011 03:00 PM PST

What should we expect from the ECB meeting next week?
The ECB is in the middle ground between the BoE and the Fed in terms of growth and inflation. Whereas the BoE is facing high inflation but weak growth, and the Fed is seeing modest growth, but no inflation, the Euro-zone economy seems to be in the goldilocks position of decent growth, but inflation above its target. Therefore ECB members like Mersh and Smaghi have become more hawkish as they try and lay down the groundwork for a rate hike … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Earnings Preview: Earnings Season Almost Over

Posted: 25 Feb 2011 02:25 PM PST

Earnings Preview 2/25/11

The fourth quarter earnings season is almost over. A total of 350 firms are due to report, but only 13 are S&P 500 firms. A great many of next week's reporters are retailers, many of which have fiscal years than end in January, not December.

So far earnings season seems to be going well. With 95.8% of the S&P 500 reports in, total net income is up 29.6% over a year ago. The firms reporting this week include AutoZone (NYSE:AZO), Costco (NASDAQ:COST), Heinz (NYSE:HNZ), … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Repsol Misses Consensus

Posted: 25 Feb 2011 02:25 PM PST

Repsol YPF S.A. (NYSE:REP) reported adjusted fourth-quarter 2010 earnings of 56 cents per ADR, below the Zacks Consensus Estimate of 60 cents. However, fourth quarter profit improved the year-earlier level of 29 cents attributable to higher refining margins as well as capital infusion for its 40% stake sale in its Brazilian unit.
Total revenue in the quarter was $23.7 billion, up 20% from the year-earlier quarter. Full-year 2010 revenue stood at $80.2 billion, compared with $68.4 billion in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Interpublic Group Beats Estimates

Posted: 25 Feb 2011 02:25 PM PST

The Interpublic Group (NYSE:IPG), which provides advertising and marketing services, reported revenues of $2.01 billion, up 11.7% from a year ago and beat the Zacks Consensus Estimate of $1.9 billion. On an organic basis, revenues grow 11.2% year over year.
On a geographic basis, revenues in the US grew 13.1% and 9.4% on an international basis.
Operating margin improved to 16.4% from 14.9% in the year-ago quarter.  Net income came in at $195.0 million or 36 cents per share compared to a net … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Autodesk Matches Earnings Estimate

Posted: 25 Feb 2011 02:25 PM PST

Software design maker, Autodesk Inc. (NASDAQ:ADSK) reported fourth quarter 2011 earnings of 27 cents per share, which was in line with the Zacks Consensus Estimate. Earnings per share (EPS), including stock-based compensation but excluding one-time charges, increased 22.7% year over year, primarily driven by strong revenue growth. Net Income of $64.3 million increased 27.3% year over year.
Revenue
Revenues increased 16.0% year over year to $528.0 million in the fourth quarter. This was above the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

AmSurg Beats, EPS Guidance Weak

Posted: 25 Feb 2011 02:25 PM PST

AmSurg Corp. (NASDAQ:AMSG) reported an EPS of 43 cents in the fourth quarter of fiscal 2010, surpassing the Zacks Consensus Estimate by a penny and 41 cents in the year-ago period.
Results for the fourth quarter of 2010 had a negative impact of 1 cent from the revision of the Medicare payment system for ambulatory surgical centers (ASCs) and 4 cents due to higher interest cost related to debt refinancing. For the full year, the EPS was $1.69, a penny higher than the previous year. The Zacks … [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: 25 Feb 2011 02:10 PM PST

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

EUR/USD was trading at 1.3754, down 0.34% at time of writing.

The pair was likely to find support at 1.3526, Tuesday's low, and resistance at 1.3838, today's high.

Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.22% to hit 0.8534 and EUR/JPY falling 0.59% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Southern Union Misses On EPS

Posted: 25 Feb 2011 02:05 PM PST

Southern Union Company (NYSE:SUG) reported fourth-quarter 2010 adjusted earnings of 53 cents per share, falling behind the 56 cents mark of both the Zacks Consensus Estimate and year-ago adjusted earnings. On a reported basis, Southern Union reported EPS of 45 cents compared with 41 cents in the prior-year quarter.
For fiscal 2010, Southern Union reported adjusted earnings of $1.79 per share versus the Zacks Consensus Estimate and fiscal 2009 earnings of $1.82. On a reported basis, the company … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Novatel Misses, Guidance Poor

Posted: 25 Feb 2011 02:05 PM PST

Yesterday, after market close, Novatel Wireless Inc. (NASDAQ:NVTL) declared its financial results for the fourth quarter of 2010, which fell below the Zacks Consensus Estimates. More importantly, Novatel provided a devastating first-quarter 2011 financial outlook. Therefore, in the after-market trade on NASDAQ, stock price of Novatel was down by a whopping 86 cents (12.76%) to $5.88.
On a GAAP basis, net loss in the fourth quarter of 2010 was $532,000 or a loss of 2 cents per share compared with a … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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

Posted: 25 Feb 2011 02:05 PM PST

Forex Pros – The British Pound was lower against the U.S. Dollar on Friday.

GBP/USD was trading at 1.6118, down 0.13% at time of writing.

The pair was likely to find support at 1.6032, today's low, and resistance at 1.6274, Wednesday's high.

Meanwhile, the British Pound was up against the Euro and down against the Japanese Yen, with EUR/GBP shedding 0.22% to hit 0.8534 and GBP/JPY falling 0.37% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Closing Bell Market Monitor: Boeing, AIG, JC Penney

Posted: 25 Feb 2011 02:00 PM PST

02/25/11 In-depth coverage of daily money market movements containing technical analysis and detailed forecasts into particular currency pairs; reported directly from the floor of the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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

Posted: 25 Feb 2011 02:00 PM PST

Forex Pros – The U.S. Dollar was lower against the Japanese Yen on Friday.

USD/JPY was trading at 81.68, down 0.25% at time of writing.

The pair was likely to find support at 81.63, Thursday's low, and resistance at 83.53, Monday's high.

Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.34% to hit 1.3754 and GBP/USD falling 0.13% to hit … [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: 25 Feb 2011 01:40 PM PST

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

EUR/USD was trading at 1.3745, down 0.39% at time of writing.

The pair was likely to find support at 1.3526, Tuesday's low, and resistance at 1.3838, today's high.

Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.22% to hit 0.8533 and EUR/JPY falling 0.67% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Pepco Profits Up, Guides 2011

Posted: 25 Feb 2011 01:35 PM PST

Pepco Holdings Inc. (NYSE:POM) reported fourth quarter 2010 earnings from continuing operations of 25 cents per share, beating the year-ago figure of 17 cents and the Zacks Consensus Estimate of 11 cents.
The year-over-year growth was driven by higher distribution and transmission revenue from higher rates in effect, higher sales, lower interest expense, and an adjustment related to a federal income tax settlement.
Earnings per share, as per GAAP, were 6 cents versus 17 cents in the fourth quarter … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Aegon Posts Mixed Results

Posted: 25 Feb 2011 01:35 PM PST

Dutch insurer Aegon NV (NYSE:AEG) reported fourth quarter net income of €318 million (US$438 million), which was substantially below the net income of €393 million (US$541 million) in the year-ago quarter. In fiscal 2010, net income jumped to €1.76 billion as opposed to €204 million in 2009.
The momentous swing was primarily due to improved underlying earnings and lower impairments. These were partially offset by lower realized gains and restructuring charges in U.S.
Aegon's underlying … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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

Posted: 25 Feb 2011 01:30 PM PST

Forex Pros – The British Pound was lower against the U.S. Dollar on Friday.

GBP/USD was trading at 1.6116, down 0.14% at time of writing.

The pair was likely to find support at 1.6032, today's low, and resistance at 1.6274, Wednesday's high.

Meanwhile, the British Pound was up against the Euro and down against the Japanese Yen, with EUR/GBP shedding 0.24% to hit 0.8532 and GBP/JPY falling 0.37% to hit … [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: 25 Feb 2011 01:20 PM PST

Forex Pros – The U.S. Dollar was lower against the Japanese Yen on Friday.

USD/JPY was trading at 81.67, down 0.27% at time of writing.

The pair was likely to find support at 81.63, Thursday's low, and resistance at 83.53, Monday's high.

Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.41% to hit 1.3743 and GBP/USD falling 0.15% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.S. Markets Close Higher; Dow Jones Up 0.51%

Posted: 25 Feb 2011 01:10 PM PST

Forex Pros – U.S. stocks were up after the closing bell on Friday.

At the close of U.S. trade, the Dow Jones Industrial Average rose 0.51%, the S&P 500 index gained 1.06%, while the Nasdaq 100 index climbed 1.43%.

Meanwhile, across the Atlantic, European stock markets closed higher. France's CAC 40 was up 1.51%; Germany's DAX gained 0.77%; Britain's FTSE 100 climbed 1.37%; and the EURO STOXX 50 rose … [visit site to read more] or compare Best Credit Cards and Best CD Rates

The SPX, Oil, Silver, & Geopolitical Risk

Posted: 25 Feb 2011 01:09 PM PST

"You can't lose what you don't put in the middle." Mike McDermott, Rounders
While this week was shortened due to the President's Day holiday, it has been quite a ride for traders and investors. The 24 hour news cycle certainly intensifies current market conditions as any news focusing on oil or the Middle East protests moves markets. Thursday the International Energy Agency came out and indicated that the expected drawdown in crude oil supplies coming from Libya was being exaggerated. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Tenet Profit Ups On Patient Volumes

Posted: 25 Feb 2011 12:55 PM PST

Tenet Healthcare Corporation (NYSE:THC) reported its fourth-quarter income from continuing operations of $52 million or 10 cents per share, ahead of the Zacks Consensus Estimate of 8 cents per share. This also compares favorably with income of $16 million or 3 cents per share in the year-ago quarter.
In fiscal 2010, Tenet posted income from continuing operations of $1.10 billion or $2.01 per share, ahead of the Zacks Consensus Estimate of 29 cents per share. This also compares favorably with … [visit site to read more] or compare Best Credit Cards and Best CD Rates

OmniVision Soars On Solid Q3

Posted: 25 Feb 2011 12:55 PM PST

OmniVision Technologies' (NASDAQ:OVTI) third quarter earnings of 75 cents a share beat the Zacks Consensus Estimate by 26 cents, or 53.1%. The company's shares jumped 14.68% in response to the news.
Total Revenue
OmniVision's reported revenue of $265.7 million was up 10.9% sequentially, 69.3% over the prior year and exceeded the Zacks Consensus Estimate by 9.8%. Revenue was at the high end of management's guidance range of $230-250 million (down 4.0% to up 4.4% sequentially). OmniVision's … [visit site to read more] or compare Best Credit Cards and Best CD Rates

FIS Misses On Bottom Line

Posted: 25 Feb 2011 12:55 PM PST

Fidelity National Information Services Inc. (NYSE:FIS) initiated its first quarter 2011 guidance in an 8K filing. While the top-line outlook matched the Zacks Consensus Estimate, bottom-line guidance missed expectation. However, Fidelity reiterated its full year 2011 outlook, given out during the fourth quarter 2010 earnings call.
For the first quarter, ending March 31, 2011, Fidelity expects earnings per share (EPS) to be in the range of 44 to 46 cents (7.0% to 12.0% year over year). The guidance … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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

Posted: 25 Feb 2011 12:45 PM PST

Forex Pros – The British Pound was lower against the U.S. Dollar on Friday.

GBP/USD was trading at 1.6103, down 0.22% at time of writing.

The pair was likely to find support at 1.6032, today's low, and resistance at 1.6274, Wednesday's high.

Meanwhile, the British Pound was up against the Euro and down against the Japanese Yen, with EUR/GBP shedding 0.19% to hit 0.8536 and GBP/JPY falling 0.48% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Salesforce.com Posts Decent 4Q

Posted: 25 Feb 2011 12:35 PM PST

Salesforce.com Inc. (NYSE:CRM) reported fourth quarter fiscal 2011 adjusted net income of 12 cents per share, at par with the Zacks Consensus Estimate. The adjusted figure excludes amortization of intangibles and debt discount, but includes stock-based compensation.
Revenues
Revenues in the quarter were $456.9 million, up 29.0% from $354.0 million in the year-ago quarter. Results exceeded the company's guidance range of $447.0 million to $449.0 million and the Zacks Consensus Estimate of $453.0 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Colombia Central Bank Lifts Rate 25bps To 3.25%

Posted: 25 Feb 2011 12:26 PM PST

The Banco de la Republica Colombia increased its benchmark interest rate by 25 basis points to 3.25% from 3.00%. Colombia saw inflation spike to 3.4% driven by rising food prices as a result of torrential rains, placing inflation in the upper range of the Bank’s 2011 consumer price inflation target range of 2% to 4%. Central Bank Chairman Jose Dario Uribe noted that the Colombian economy is likely to expand at a pace of 4.5% this year, and also commented that at current levels monetary policy … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.S. Cellular Reports Below Par

Posted: 25 Feb 2011 12:10 PM PST

United States Cellular Corp. (NYSE:USM), a subsidiary of Telephone and Data Systems Inc. (NYSE:TDS), reported fourth quarter 2010 earnings per share of 8 cents, which came nowhere near the Zacks Consensus Estimate of 26 cents per share. Lower subscriber growth due to competitive price offerings by larger rivals led to the quarter's disappointment.
However, earnings were in line with the year-ago quarter and net income improved 4% year over year to $6.8 million. The improvement in net income can be … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Middle East Turmoil: Gold, Silver, Oil And Clean Energy Commodities

Posted: 25 Feb 2011 12:09 PM PST

Many of the great declines in the stock market over the past 30 years have been related to oil (United States Oil (USO)). This week we have seen the major indices plummet on geopolitical chaos throughout North Africa, especially the large oil-producing Libya, as investors returned to gold (SPDR Gold Shares (GLD)), silver (iShares Silver Trust (SLV)), and oil. As the market reached record overbought territory, any excuse could begin a significant pullback in equities (SPDR S&P 500 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

WellPoint Provides 2011 Guidance

Posted: 25 Feb 2011 12:05 PM PST

WellPoint Inc. (NYSE:WLP), at its investor conference provided its guidance for full year 2011. The company reaffirmed its expectation of delivering net income of least $6.30 per share. The Zacks Consensus Estimates for 2011 is in line with the company's guidance. The company also expects to achieve earnings per share growth of at least 10% over a longer term.
WellPoint expects operating revenue to be $59.5 million in 2011, up 3% year over year. The company also expects Medical enrollment growth … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Loss At HGSI Wider Than Expected

Posted: 25 Feb 2011 12:05 PM PST

Human Genome Sciences Inc.'s (NASDAQ:HGSI) fourth quarter 2010 loss of $0.46 per share was wider than the Zacks Consensus Estimate of a loss of $0.39 and the year-ago adjusted loss of $0.12.
The wider loss in the reported quarter was attributable to lower revenues and higher expenses incurred on the potential blockbuster lupus candidate, Benlysta. Benlysta has been co-developed with GlaxoSmithKline (NYSE:GSK).
Quarter in Details
Revenues in the reported quarter declined approximately 60% to $21.3 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CAD Down In U.S. Trade

Posted: 25 Feb 2011 12:05 PM PST

Forex Pros – The U.S. Dollar was lower against the Canadian Dollar on Friday.

USD/CAD was trading at 0.9786, down 0.41% at time of writing.

The pair was likely to find support at 0.9780, today's low, and resistance at 0.9960, Wednesday's high.

Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.41% to hit 1.3743 and GBP/USD falling 0.22% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Become A Teacher? 10 Examples That Show Why Becoming A Teacher Is A Dead End In This Economy

Posted: 25 Feb 2011 11:55 AM PST

Today budget cutters are on the rampage from coast to coast and often one of their first targets is public school teachers. What we have witnessed recently in Wisconsin is just one example of this. The truth is that you do not want to become a teacher if you want to have financial security in America today. Teacher salaries are being slashed from sea to shining sea. But to a certain extent the teachers that are having their wages cut are the fortunate ones. There are thousands upon … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Integra Beats, But Margin Falls

Posted: 25 Feb 2011 11:35 AM PST

Integra LifeSciences (NASDAQ:IART) reported EPS of 63 cents for the fourth quarter of fiscal 2010 compared with 53 cents in the year-ago quarter, up 18.9%. However, adjusted EPS (excluding one-time items) was 80 cents, surpassing the Zacks Consensus Estimate of 73 cents and 12.6% above the year-ago quarter.
For fiscal 2010, the company reported adjusted EPS of $2.97, beating the Zacks Consensus estimate of $2.78 and up 13.8% compared with 2009.
Strong earnings growth was attributable to a 5.8% year … [visit site to read more] or compare Best Credit Cards and Best CD Rates

First Solar Beats, Outlook Bright

Posted: 25 Feb 2011 11:25 AM PST

First Solar Inc. (NASDAQ:FSLR) surpassed the Zacks Consensus earnings per share (EPS) estimate of $1.76 by 4 cents to reach $1.80 in the fourth quarter of fiscal 2010. It also exceeds the year-ago quarterly EPS of $1.65.
The upside came from higher module shipments and lower module cost per watt. This was partially offset by reduced module average selling prices and increased expenses. However the tables tumbled on comparing with the sequential quarterly number of $2.04. The downside came from lower … [visit site to read more] or compare Best Credit Cards and Best CD Rates

AIG Posts Feeble Fundamentals

Posted: 25 Feb 2011 11:25 AM PST

American International Group Inc. (NYSE:AIG) reported fourth quarter operating loss of $2.21 billion or $16.20 per share, slightly below the Zacks Consensus Estimate of a loss of $16.98 per share but higher than the net loss of $1.34 billion or $9.88 per share in the year-ago quarter.
On a GAAP basis, AIG reported a net income of $11.18 billion or $16.60 per share as compared with a net loss of $8.87 billion or $65.51 per share in the year-ago quarter.
The reported quarter included deferred income … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Hot Option Plays: Some Strategists Road Trip With Ford Options Today

Posted: 25 Feb 2011 11:18 AM PST

Cusick's Corner
The bounce in the market into the Midday gives traders and investors a sigh of relief, but it's just for the moment. As I noted on Tuesday and Wednesday, there was a lot of selling but it was not a panic-stricken kind of selling, but rather looked like some bigger traders liquidating holdings. Seeing a bounce today, especially with a lull in the headlines, is not all that unusual. However, this action is not typical of recent pullbacks where the bid appeared to take … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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

Posted: 25 Feb 2011 11:15 AM PST

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

EUR/USD was trading at 1.3752, down 0.35% at time of writing.

The pair was likely to find support at 1.3526, Tuesday's low, and resistance at 1.3838, today's high.

Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.06% to hit 0.8547 and EUR/JPY falling 0.55% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

J.C. Penney Tops Estimates

Posted: 25 Feb 2011 11:05 AM PST

J.C. Penney Company Inc. (NYSE:JCP) delivered better-than-expected fourth-quarter 2010 results on the heels of improved merchandise assortments and a redefined jcp.com platform.
The quarterly earnings of $1.23 per share beat the Zacks Consensus Estimate of $1.07, and shot up 20.6% from $1.02 earned in the prior-year quarter. The Zacks Consensus Estimate rose by 11 cents prior to the earnings release with 8 out of 16 analysts covering the stock revising their estimates upwards and none lowering … [visit site to read more] or compare Best Credit Cards and Best CD Rates

“Yellow Flags Flying Everywhere…amidst Relief Rally”

Posted: 25 Feb 2011 11:00 AM PST

02/25/11 Seaport Securities’ Teddy Weisberg weighs in on the pullback in crude oil prices, and rising commodity … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Crude Trades Flat

Posted: 25 Feb 2011 05:50 AM PST

02/25/11 With Saudi Arabia lifting its oil production rate following a disruption in Libyan exports, front month crude prices experienced a relatively calm trading session to close out the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Anadarko’s Outlook For 2011

Posted: 25 Feb 2011 10:35 AM PST

Anadarko Petroleum Corporation (NYSE:APC), yesterday, disclosed its 2011 outlook and capital program. The company targets increasing sales volumes of about 244 – 248 million barrels of oil equivalent (MMBOE) in 2011, compared with net sales volumes of 235 MMBOE in 2010. Moreover, the company expects the high-margin liquids volumes to grow by 10% in 2011.
In the first quarter of 2011, the company expects sales volumes to be in the range of 62 – 62 MMBOE, with liquids volumes of 278 – 289 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Ocwen Misses EPS, Revs High

Posted: 25 Feb 2011 10:35 AM PST

Ocwen Financial Corporation (NYSE:OCN) reported fourth quarter 2010 earnings of 9 cents per share, which missed the Zacks Consensus Estimate of 16 cents but was in line with the prior-year quarter result.
The results for the reported quarter included one-time pre-tax charges of $17.5 million related to the HomEq acquisition and $1.2 million of interest expense related to the partial prepayment of loan.
For full year 2010, the company reported adjusted earnings of 36 cents per share, which lagged … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – AUD/USD Up During The U.S. Session

Posted: 25 Feb 2011 10:35 AM PST

Forex Pros – The Australian Dollar was higher against the U.S. Dollar on Friday.

AUD/USD was trading at 1.0157, up 0.68% at time of writing.

The pair was likely to find support at 0.9967, Tuesday's low, and resistance at 1.0165, today's high.

Meanwhile, the Australian Dollar was up against the Euro and the Japanese Yen, with EUR/AUD shedding 1.02% to hit 1.3542 and AUD/JPY rising 0.54% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Contrarians Position For Medifast To Trim Losses

Posted: 25 Feb 2011 10:34 AM PST

Contrarians position for Medifast to trim losses
Today’s tickers: MED, AMD, NSM & AEM
Medifast, Inc. (NYSE:MED) – Shares in the maker of weight management products shed 12.0% this morning to touch down at an intra-session low of $22.19 following disappointing earnings from competitor NutriSystem, Inc. NTRI’s shares dropped 31.2% today to a fresh 52-week low of $13.90 post-earnings. Medifast’s earnings are just around the corner, with the report scheduled for release ahead of the opening bell … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – NZD/USD Up In U.S. Trade

Posted: 25 Feb 2011 10:00 AM PST

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

NZD/USD was trading at 0.7511, up 0.51% at time of writing.

The pair was likely to find support at 0.7428, Wednesday's low, and resistance at 0.7652, Monday's high.

Meanwhile, the New Zealand Dollar was down against the Australian Dollar and up against the Euro, with AUD/NZD gaining 0.15% to hit 1.3517 and EUR/NZD falling 0.80% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

European Markets Close Higher; Dax Up 0.77%

Posted: 25 Feb 2011 09:55 AM PST

Forex Pros – European stocks were up after the closing bell on Friday.

At the close of European trade, Germany's DAX rose 0.77%, London's FTSE 100 gained 1.37%, France's CAC 40 climbed 1.51% and the EURO STOXX 50 was up 1.22%.

Meanwhile, on Wall Street, equity markets were up after the open. The Dow Jones Industrial Average was up 0.46%; the S&P 500 index gained 0.91%, while the Nasdaq 100 index climbed … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Morning News Notes: 2.25.11

Posted: 25 Feb 2011 06:55 AM PST

The morning news notes as prepared by TL…Goldman Sachs on crude oil, crude margin requirements move higher, China monetary policy, the White House on the government shutdown, mortgage servicing settlement, Wisconsin and European bailout fund.
“Morning News Notes: February 25, 2011″

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

A Look At China's Twitter

Posted: 24 Feb 2011 10:00 PM PST

While Twitter may offer a portal into the thoughts of Internet users in the United States and other countries around the world, if you're looking for the site where Chinese Internet users gather to discuss and share ideas, go to Sina Weibo.
Weibo, pronounced "Way-Boh," is a leading microblog service used by many celebrities, CEOs and star athletes in China offered by Sina.com. It's a blend of Facebook and Twitter where users can post videos, share photos, comments, etc. In addition, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Singapore Stock Market Update For Friday 25 February

Posted: 24 Feb 2011 06:36 PM PST

Morning Highlights

There Are No Quick Picks For Today!
Singapore market opened flat but moved slightly up to positive zone…
Next, Japan advanced for the first time in four days as oil prices fell and economic reports tempered worries about turmoil in the Middle East. Hong Kong also opened up on solid earnings.
Nonetheless, we maintain at sideline till further notice.

NOL rose as much as 2.5% after saying it plans to order more vessels, a local trader said…

News Updates:

U.S. … [visit site to read more] or compare Best Credit Cards and Best CD Rates
at

No comments:

Post a Comment