Thursday, February 10, 2011

DailyMarkets.com - Noble Energy Outperforms Estimates

DailyMarkets.com - Noble Energy Outperforms Estimates


Noble Energy Outperforms Estimates

Posted: 10 Feb 2011 10:00 AM PST

Noble Energy Inc. (NYSE:NBL) reported adjusted earnings per share of $1.04 for the fourth quarter of 2010, which outdid the Zacks Consensus Estimate and the year-ago earnings of $1.01. Such outperformance was mainly driven by robust volume growth across the company’s businesses.
For the full-year 2010, Noble earned $4.22 per share, substantially higher than the Zacks Consensus Estimate of $4.15 as well as the year-ago earnings of $3.37.
Revenue
Noble Energy's net revenue of $783 million in the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Northrop Surpasses Zacks Estimate

Posted: 10 Feb 2011 09:40 AM PST

Los Angeles-based leading shipbuilder and defense contractor, Northrop Grumman Corporation (NYSE:NOC), reported impressive fourth quarter 2010 results of $1.27 per share compared with $1.19 in the fourth quarter of 2009. Northrop results also exceeded the Zacks Consensus Estimate of $1.01 for the quarter. The upside in earnings was attributable to better performance across all its segments, barring Electronic Systems.
Fiscal 2010 earnings came in at $6.77 per share, easily beating the Zacks … [visit site to read more] or compare Best Credit Cards and Best CD Rates


EIA: Crude, Fuel Stock Piles Up

Posted: 10 Feb 2011 09:40 AM PST

The U.S. Energy Department’s weekly inventory release showed another build-up in crude stockpiles, though less-than-expected. The agency's report further added that fuel inventories climbed and refinery run-rates increased slightly from the previous week.
The Energy Information Administration ("EIA") Petroleum Status Report – which contains data for the previous week ending on Friday – outlines information regarding the weekly change in petroleum inventories held and produced by the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Kimco Outshines Estimates

Posted: 10 Feb 2011 09:10 AM PST

Kimco Realty Corp. (NYSE:KIM), a leading real estate investment trust (REIT), reported fourth quarter 2010 rental revenues of $215.2 million compared with $203.5 million in the year-earlier quarter – an increase of 5.7%. Total revenues for the reported quarter exceeded the Zacks Consensus Estimate of $214 million.
For full year 2010, Kimco reported total revenues of $849.5 million compared to $773.4 million in the previous year. Total fiscal 2010 revenues were well below the Zacks Consensus … [visit site to read more] or compare Best Credit Cards and Best CD Rates


New Jobless Claims Lowest Since 6/08

Posted: 10 Feb 2011 09:10 AM PST

Initial Claims for Unemployment Insurance fell by 36,000 last week to 383,000 (last week was revised up by 4,000, so one could see it as a 32,000 decline). This was better than the expected level of 410,000. The weekly numbers have been very erratic of late, but this is the second week in a row of big declines.

This is a series that tends to be a bit on the flakey side around the holidays. The holiday effects should be over now, so perhaps this is a more normalized level. Let us hope so, as … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Generics Hit Sanofi Revenues

Posted: 10 Feb 2011 09:10 AM PST

Sanofi-Aventis (NYSE:SNY) reported fourth quarter earnings of 96 cents per American Depository Share (ADS), a penny above the Zacks Consensus Estimate but below the year-ago earnings of $1.04. Full year earnings came in at $4.69 per ADS, in line with the Zacks Consensus Estimate and 1.7% above the year-ago earnings.
Fourth quarter net sales declined 5.9%, with performance being impacted by the genericization of several products, especially Lovenox in the US, US healthcare reform and EU pricing … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Lincare EPS Meets, Profit Jumps (revised)

Posted: 10 Feb 2011 09:10 AM PST

Lincare Holdings (NASDAQ:LNCR), a leading provider of oxygen and respiratory therapies, reported fourth quarter fiscal 2010 earnings per share of 48 cents, matching the Zacks Consensus Estimate while exceeding the year-ago earnings of 41 cents. Net income climbed 13.4% year over year to $46.1 million on the back of higher revenues.
For fiscal 2010, earnings of $1.87 per share also came in line with the Zacks Consensus Estimate and surpassed the year-ago earnings of $1.32. Profit cruised by a third … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/USD Down At The End Of European Session

Posted: 10 Feb 2011 09:00 AM PST

Forex Pros – The Euro was lower against the U.S. Dollar on Thursday after the release of U.S. data on Initial Jobless Claims.

EUR/USD was trading at 1.3634, down 0.72% at time of writing.

The pair was likely to find support at 1.3509, Monday's low, and resistance at 1.3744, Wednesday's high.

Earlier in the day, official data showed that U.S. Initial Jobless Claims fell more-than-expected to a seasonally adjusted 383.00K last week from 419.00K in the preceding week whose figure was … [visit site to read more] or compare Best Credit Cards and Best CD Rates


EnCana Earnings Drop, Misses View

Posted: 10 Feb 2011 08:35 AM PST

Canada's largest natural gas producer EnCana Corp. (ECA) reported weak fourth quarter results, primarily reflecting low natural gas prices, partially offset by higher volumes.
The company – which yesterday entered into a C$5.4 billion natural gas venture in northeastern British Columbia and Alberta with Chinese energy giant PetroChina Co. Ltd. (PTR) – announced operating earnings per share (excluding one-time items) of 9 cents, missing the Zacks Consensus Estimate of 13 cents and way … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Earnings Scorecard: J&J

Posted: 10 Feb 2011 08:35 AM PST

Following the release of fourth quarter and fiscal year 2010 results on January 25, 2011, almost all the analysts covering Johnson & Johnson (NYSE:JNJ) revised their earnings estimates downward for 2011. The earnings for 2012 also saw half the analysts making downside revisions. The negative sentiment among analysts is primarily in response to the company's dismal guidance for fiscal 2011 and the OTC product recall.
Fourth Quarter Recap
Johnson & Johnson reported fourth quarter earnings … [visit site to read more] or compare Best Credit Cards and Best CD Rates


CRL Beats On Earnings

Posted: 10 Feb 2011 08:21 AM PST

Charles River Laboratories International Inc. (NYSE:CRL) reported fourth quarter 2010 earnings (excluding special items) of 60 cents per share, much above the Zacks Consensus Estimate and year-ago earnings of 49 cents.
Quarterly revenue of $281.7 million was, however, down 2.9% from the prior year period due to a decline in Preclinical Services (PCS) segment revenues. Earnings were boosted by lower taxes, share repurchases and cost control, which offset the decline in revenue. Revenue was, … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – Dollar Up Against Rivals On Higher Yields, U.S. Jobs Data

Posted: 10 Feb 2011 07:50 AM PST

Forex Pros – The U.S. dollar was higher against its all of its major counterparts on Thursday, boosted by significantly better-than-expected U.S. employment data and higher U.S. Treasury yields.

During European late afternoon trade, the greenback was up against the euro, with EUR/USD tumbling 1.01% to hit 1.3592.

Earlier in the day, Portuguese borrowing costs climbed above 7% for the fifth consecutive day, before falling back amid unconfirmed reports the European Central Bank was buying the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Trading: USDCHF Tests 100 Day MA At 0.9688

Posted: 10 Feb 2011 07:48 AM PST

the USDCHF is testing the key 100 day MA at the 0.9688 level. The price has been below the 100 day MA since June 2010. Hence the importance of the level. I would expect initial sellers at least but on a break, look for … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Trading: GBPUSD Test 100 Bar MA On Intraday Chart Again

Posted: 10 Feb 2011 07:46 AM PST

Hit The Brakes, Goodyear Reports 4Q Loss

Posted: 10 Feb 2011 07:45 AM PST

02/10/11 Goodyear Tire & Rubber Co. announced Thursday that it posted a 4Q loss of $177 … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Gold And Silver Update – Is The Corrective Rally Over?

Posted: 10 Feb 2011 07:42 AM PST

Gold Pauses While Silver Pushes On (2/8)
Gold (XAU/USD)

- Gold has been in a rally since the end of January, pushing pass 61.8% retracement of the decline that started January 13, and stuck at 50% of the decline since the start of the year.
- The next cluster seen in the 4H chart is the 1375-1380 area.
- This is the level the market has in sight if the current decline is supported by the rising channel.
- On the other hand, if the market is respecting the 200SMA in the 4H chart and breaks … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Improving U.S. Labor Market Hampers Bond Recovery

Posted: 10 Feb 2011 07:36 AM PST

Bond markets are mixed around the world as continuous headline-grabbing inflation concerns play their role weighing on investor sentiment. A decline in U.S. initial claims to the lowest since July 2008 has reversed some midweek optimism following soothing words from Fed Chairman Bernanke. With equity prices weakening around the world, it’s surprising not to see a bigger bid for the safety of government bonds.
Eurodollar futures – There remain competing pressures on the treasury yields. First, … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Offbeat Economic Indicators: Economy Is Booming

Posted: 10 Feb 2011 07:29 AM PST

1. The “RV Indicator”:  Sales of Recreational Vehicles are rebounding, and are expected to increase by 8.2% in 2011 compared to last year. 

2. The “Vanity/Implant Index”: Plastic surgery procedures were up by 5% in 2010 (296,000 breast implants last year).   

3.  The “Divorce Index”:  “In a grim sign of the economic recovery, the divorce rate, which dipped during the recession, appears to be on the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – GBP/USD Lower But Rate View Limits Losses

Posted: 10 Feb 2011 07:27 AM PST

Forex Pros – The pound briefly touched an eight-day low against the U.S. dollar on Thursday, after the Bank of England kept interest rates on hold, before trimming losses amid expectations that it will tighten policy by mid-year.

GBP/USD hit 1.601 during late afternoon trade, the pair's lowest since January 31; the pair subsequently consolidated at 1.6049, shedding 0.32%.

Cable was likely to find support at 1.5912, the low of January 31 and resistance at 1.6123, Wednesday's … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Opening Bell Market Monitor: CSCO, PEP, S

Posted: 10 Feb 2011 02:23 AM PST

02/10/11 The latest in news, commentary, and information on what’s moving the US equities … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Euro Slips Back As Portuguese 10-Year Yields Climb Back Above 7%

Posted: 10 Feb 2011 07:17 AM PST

Sovereign debt fears resurfaced today which knocked back the Euro against its major rivals – especially the USD and GBP. The concerns center around rising yields in the Euro-zone periphery.
Investors demanded a higher premium to hold the debt of those nations with Portugal coming into the crosshairs as its 10-year yield continued to move above the 7% level, which is the threshold cited at which Portugal would not be able to sustain its debt load.

Here's a look at the 10-year yield for … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Acta Energised By Latest Product Development Deals

Posted: 10 Feb 2011 02:13 AM PST

Acta Spa (LON:ACTA) , the AIM listed clean energy company that makes fuel cells and hydrogen generators, said this morning that it had signed a joint development and production agreement with Claind Srl, a gas generation and purification business. The two Italian companies are now planning to produce an industrial-scale hydrogen generator (electrolyser) using Acta's hydrogen generator technology. They are hoping to cash in on growing demand in Italy for cleantech energy, particularly in … [visit site to read more] or compare Best Credit Cards and Best CD Rates


BRIC Self Sufficiency Index

Posted: 09 Feb 2011 10:00 PM PST

Demand for natural resources in the emerging world is increasing, but how much of this increased demand is met by the country's own production?
This interesting chart from Bank of America-Merrill Lynch shows the supply/demand fundamentals of several key industrial metals and basic materials.
The dotted line represents a key tipping point. The resources to the left of the line are those the BRIC countries must obtain outside of their own borders in order to meet domestic demand. The BRICs … [visit site to read more] or compare Best Credit Cards and Best CD Rates


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