Thursday, February 17, 2011

DailyMarkets.com - The Republican Strategy

DailyMarkets.com - The Republican Strategy

The Republican Strategy

Posted: 17 Feb 2011 04:56 PM PST

The Republican strategy is to split the vast middle and working class – pitting unionized workers against non-unionized, public-sector workers against non-public, older workers within sight of Medicare and Social Security against younger workers who don't believe these programs will be there for them, and the poor against the working middle class.
By splitting working America along these lines, Republicans hope to deflect attention from the big story. That's the increasing share of total … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/JPY Up During The Asian Session

Posted: 17 Feb 2011 04:45 PM PST

Forex Pros – The British Pound was higher against the Japanese Yen on Friday.

GBP/JPY was trading at 134.82, up 0.06% at time of writing.

The pair was likely to find support at 133.19, Monday's low, and resistance at 135.46, Wednesday's high.

Meanwhile, the British Pound was up against the U.S. Dollar and down against the Euro, with GBP/USD gaining 0.01% to hit 1.6176 and EUR/GBP rising 0.03% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

DDIC Inches Past Estimates

Posted: 17 Feb 2011 03:55 PM PST

DDI Corp.’s (NASDAQ:DDIC) net earnings per share of 21 cents for the fourth quarter 2010 edged past the Zacks Consensus Estimate by a penny and increased 600% on year-over-year basis. However, EPS declined 32.3% from the last quarter.
For full year 2010, net income per share increased 1022.2% from last year to $1.01 per share. This also beat the Zacks Consensus Estimate by a penny.
The year 2010 was marked as a successful year for the company as it drove the net sales, margins and earnings to record … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Benihana Beats Zacks Estimate

Posted: 17 Feb 2011 03:55 PM PST

Benihana Inc. (NASDAQ:BNHN) reported earnings of 12 cents per share in third quarter 2011, which surpassed the Zacks Consensus Estimate of 3 cents. The company also reported a profit, compared to a loss of 72 cents in the year-ago quarter. The better-than-expected results were due to the fourth consecutive quarters of comparable sales growth and cost saving initiatives.
However, the U.S. chain of Japanese restaurants posted a 3.6% year-over-year rise in total revenue to $72.9 million and also … [visit site to read more] or compare Best Credit Cards and Best CD Rates

The Day Ahead: Earnings, German PPI, UK Retail Sales

Posted: 17 Feb 2011 03:50 PM PST

02/18/11 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

Forex – NZD/USD Down In Asian Trade

Posted: 17 Feb 2011 03:50 PM PST

Forex Pros – The New Zealand Dollar was lower against the U.S. Dollar on Thursday.

NZD/USD was trading at 0.7588, down 0.03% at time of writing.

The pair was likely to find support at 0.7504, Tuesday's low, and resistance at 0.7606, today's high.

Meanwhile, the New Zealand Dollar was down against the Australian Dollar and the Euro, with AUD/NZD gaining 0.08% to hit 1.3343 and EUR/NZD rising 0.19% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Median CPI Inflation Below 1% For The 12th Month

Posted: 17 Feb 2011 03:44 PM PST

According to a report released today by the Federal Reserve Bank of Cleveland, the median Consumer Price Index rose 0.2% (0.5% annualized rate) in January. The “median CPI” is a measure of core inflation calculated by the Federal Reserve Bank of Cleveland based on data in the monthly CPI report from the Bureau of Labor Statistics (BLS).

Earlier today, the BLS reported that the seasonally adjusted CPI for all urban consumers was up by 0.4% in January. The CPI less food and energy increased … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bob Evans Let Down By Higher Costs

Posted: 17 Feb 2011 03:35 PM PST

Bob Evans Farms Inc. (NASDAQ:BOBE) announced third quarter 2011 earnings of 51 cents per share, which missed the Zacks Consensus Estimate of 63 cents and were also 12.1% below the year-ago quarter's 58 cents.
The lower-than-expected third quarter results were due to higher cost and challenges in the restaurant segment.
The company posted a 0.3% year-over-year drop in net sales to $428.6 million, as combined same store-sales fell 1.3%, resulting from a 0.5% same store-sales decrease at Bob Evans … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Ecolab Misses Barely, Will Cut Jobs

Posted: 17 Feb 2011 03:35 PM PST

Leading cleaning and sanitation products maker Ecolab Inc. (NYSE:ECL) posted fourth-quarter fiscal 2010 adjusted (excluding special gains/charges and tax related adjustments) earnings of 60 cents, missing the Zacks Consensus Estimate by a penny while surpassing the year-ago earnings of 55 cents.
For fiscal 2010, adjusted earnings of $2.23 a share also modestly trailed the Zacks Consensus Estimate of $2.24 and exceeded the year-ago earnings of $1.99.
Net income (attributable to Ecolab) for the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Hot Option Plays: Spike In VIX Put Buying

Posted: 17 Feb 2011 03:18 PM PST

Cusick's Corner
The market continued to set new highs and insurance is starting to be a consideration. The VIX closed 16.59 -.13 and was in the green for the latter part of the day. There was a slight influx of some VIX put buying in spite of the continued challenge to the upside. While this is not a strong indication that the market is in turn mode, it is an indication that certain strategists are willing to pay for some insurance. Review your portfolio and trading plan this evening, check … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Hittite Microwave Beats By A Penny

Posted: 17 Feb 2011 03:10 PM PST

Hittite Microwave Corporation (NASDAQ:HITT) reported fourth quarter 2010 diluted earnings of 69 cents per share, a penny more than the Zacks Consensus Estimate of 68 cents. On a sequential basis the earnings remained flat but increased 53.3% from the previous year quarter.
The fiscal year 2010 earnings of $2.56 per share not only beat the Zacks Consensus by a penny but also increased 65.2% from the previous year.
Quarterly Highlights
Revenue of $65.6 million missed the Zacks Consensus Estimate of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Progressive Beats In January

Posted: 17 Feb 2011 03:10 PM PST

Progressive Corp.'s (NYSE:PGR) earnings per share for January 2011 were 17 cents, up 6 cents from the year-ago earnings of 11 cents. Net income increased 58% from the year-ago period to total $112.6 million.
The company recorded net premiums of $1.4 billion during January 2011, up 3% from $1.3 billion in January 2010 and 48% from $1 billion during December 2010. Net premiums earned were $1.4 billion, up 5% from $1.3 billion in the year-ago period and up 25.5% from $1.1 billion in the prior … [visit site to read more] or compare Best Credit Cards and Best CD Rates

PCG Misses, Reaffirms Guidance

Posted: 17 Feb 2011 03:05 PM PST

PG&E Corporation's (NYSE:PCG) operating earnings per share of 70 cents in the fourth quarter of fiscal 2010 fell short of the Zacks Consensus Estimate of 73 cents and the year-ago number of 80 cents.
The year-over-year difference of 10 cents was due to higher estimated costs incurred to complete the SmartMeter program (5 cents), the impact of a nuclear refueling outage at the Diablo Canyon Power Plant (3 cents), the dilutive effect of higher shares outstanding (2 cents), increased storm and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Teradata Matches Earnings Estimate

Posted: 17 Feb 2011 03:05 PM PST

Teradata Corp. (NYSE:TDC) reported fourth quarter earnings of 50 cents per share, in line with the Zacks Consensus Estimate. Results were driven by robust revenue growth in the quarter, offset by lower margins. Earnings, including stock-based compensation of 3 cents, grew 4.2% year over year from 48 cents.
Revenue
Revenue increased 10.0% year over year to $548.0 million, which surpassed the Zacks Consensus Estimate of $529.0 million. This was primarily driven by 12.0% year-over-year growth in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

PEET Reports In-Line

Posted: 17 Feb 2011 03:05 PM PST

Peet’s Coffee & Tea Inc. (NASDAQ:PEET) reported fourth quarter 2010 non-GAAP net income per diluted share of 48 cents in line with the Zacks Consensus Estimate. EPS increased 71.4% sequentially and 33.3% from prior year quarter.
Full year 2010 diluted earnings per share was also in line with the Zacks Consensus Estimate and increased 28% from last year to $1.33 per share.
Replay of the Quarter & Year
The reported year and quarter comprised 52 weeks and 13 weeks respectively as against 53 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Analyst Interviews: Publishing Industry Outlook

Posted: 17 Feb 2011 02:25 PM PST

The publishing industry had long been grappling with sinking advertising revenue, which was exacerbated by the global economic meltdown. This reflected a longer-term secular decline as more readers get news free online, thereby making the print-advertising model increasingly irrelevant.
Circulation Falling Prey to the Internet
Newspapers have fared far worse than magazines, as web-based news options have proliferated in recent years. The two-decade-long erosion in newspaper circulation … [visit site to read more] or compare Best Credit Cards and Best CD Rates

O’Reilly Really Firm

Posted: 17 Feb 2011 02:25 PM PST

O'Reilly Automotive Inc. (NASDAQ:ORLY) posted a 37% rise in profit to $98.5 million or 69 cents per share in the fourth quarter of 2010 from $71.9 million or 52 cents per share in the same quarter of 2009 (all excluding net gain on settlement of note receivable). With this, the auto parts retailer topped the Zacks Consensus Estimate by 5 cents per share and its own earnings per share guidance of 56 cents–60 cents per share.
The company's results were attributable to an impressive consolidated … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Four Trade Ideas For Friday

Posted: 17 Feb 2011 02:13 PM PST

  ( click to enlarge )

eBay Inc. (NASDAQ:EBAY) stock is breaking out technically. KD line shows positive signs as %K line is rising on top over %D line and RSI continue moving up. I suspect the stock may continue to appreciate over the coming days.

( click to enlarge )

Alcatel-Lucent (ADR) (NYSE:ALU) remains one of the hottest stocks on the market. The stock has been in a nice uptrend for the last two weeks and it looks very strong with both 50-day and 200-day moving average going up … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Gentiva Beats On Solid Top-Line

Posted: 17 Feb 2011 02:05 PM PST

Gentiva Health Services Inc. (NASDAQ:GTIV) reported its fourth-quarter adjusted earnings of $21.5 million or 70 cents per share, well ahead of the Zacks Consensus Estimate of 66 cents. This also compares favorably with the income of $18.8 million or 63 cents in the year-ago quarter.
Gentiva also posted adjusted earnings of $86.1 million or $2.82 per share, exceeding the Zacks Consensus Estimate of $2.78 and the prior year income of $65.3 million or $2.19 per share.
Earnings ramped up due to strong … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Kinross Misses Estimates

Posted: 17 Feb 2011 02:05 PM PST

Gold miner Kinross Gold Corporation (NYSE:KGC) reported adjusted net income of $144.7 million or $0.13 per share in the fourth quarter of 2010, below last year's $148.6 million or $0.21 per share, surpassing the Zacks Consensus Estimate of $0.15.
The results were negatively impacted by additional exploration expenditures of approximately $23 million at Tasiast, and by the timing of year-end metal shipments, which deferred sales of approximately 30,000 ounces of gold production from the fourth … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Kinross Misses Estimates

Posted: 17 Feb 2011 02:05 PM PST

Gold miner Kinross Gold Corporation (NYSE:KGC) reported adjusted net income of $144.7 million or $0.13 per share in the fourth quarter of 2010, below last year's $148.6 million or $0.21 per share, surpassing the Zacks Consensus Estimate of $0.15.
The results were negatively impacted by additional exploration expenditures of approximately $23 million at Tasiast, and by the timing of year-end metal shipments, which deferred sales of approximately 30,000 ounces of gold production from the fourth … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Up At The End Of U.S. Session

Posted: 17 Feb 2011 01:55 PM PST

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

EUR/USD was trading at 1.3607, up 0.28% at time of writing.

The pair was likely to find support at 1.3429, Monday's low, and resistance at 1.3619, today's high.

Earlier in the day, official data showed that U.S. Initial Jobless Claims rose more-than-expected to a seasonally adjusted 410.00K last week from 385.00K in the preceding week whose figure was revised up … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Closing Bell Market Monitor: WTW, WMB

Posted: 17 Feb 2011 01:45 PM PST

02/17/11 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

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

Posted: 17 Feb 2011 01:40 PM PST

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

USD/JPY was trading at 83.31, down 0.44% at time of writing.

The pair was likely to find support at 83.10, Monday's low, and resistance at 83.97, Wednesday's high.

Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.28% to hit 1.3607 and GBP/USD rising 0.49% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Waste Management Reaps Profit

Posted: 17 Feb 2011 01:36 PM PST

Waste Management Inc. (NYSE:WM) posted a 12% increase in profit to $287 million or 60 cents per share in the fourth quarter of 2010 from $257 million or 52 cents per share in the same quarter of 2009 (all excluding special items). The company's profit exceeded the Zacks Consensus Estimate by 5 cents per share.
The higher profit was driven by the company's strong internal revenue growth from yield, which offset lower than expected volumes. Internal revenue growth from yield was 2.6% while … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Foreclosure: Banks To Pay Penalty

Posted: 17 Feb 2011 01:36 PM PST

Following the detection of critical deficiencies related to the foreclosure process,U.S. bank regulators are preparing to punishmortgage servicers, Reuters reported on Wednesday. Though the extent of penalty is still to be decided by the regulators, we can presume that it would come as a lesson to mortgage servicers and abate the looming threat on housing recovery.
Why and How of “Critical Deficiencies”
Referring the nationwide investigation related to the paperwork and procedures of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Waste Management Beats Bottom Line

Posted: 17 Feb 2011 01:36 PM PST

Waste Management Inc. (NYSE:WM) delivered adjusted earnings of 60 cents in its fourth quarter 2010, striding ahead of the Zacks Consensus Estimate by 6 cents. Results were 15% above 52 cents earned in the year-ago quarter. Adjusted earnings were $287 million, 11% higher than $257 million in the fourth quarter 2009.
Including $20 million for litigation charge, a $7 million benefit from the accounting effect of higher ten-year Treasury rates and another $7 million tax benefit, the company reported … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Up Toward The End Of U.S. Session

Posted: 17 Feb 2011 01:25 PM PST

Forex Pros – The Euro was higher against the U.S. Dollar on Thursday.

EUR/USD was trading at 1.3607, up 0.28% at time of writing.

The pair was likely to find support at 1.3429, Monday's low, and resistance at 1.3619, today's high.

Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.21% to hit 0.8412 and EUR/JPY falling 0.17% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Healthy Correction For Gold Miners, Precious Metals In Secular Bull Market

Posted: 17 Feb 2011 01:13 PM PST

One of the most difficult decisions an investor must make is to determine if a turning point is of short-term or long-term consequence. The markets give subtle clues to students of the market of impeding danger and times of caution. A stock's reaction to news may tell us the authentic underlying strength. In November and December, gold, silver and mining stocks sold off on China raising rates and now in February they shrug off the news. Is that telling us the correction may be over? A break … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.S. Markets Mixed At Close; Dow Jones Up 0.24%

Posted: 17 Feb 2011 01:10 PM PST

Forex Pros – U.S. stocks were mixed after the closing bell on Thursday.

At the close of U.S. trade, the Dow Jones Industrial Average rose 0.24%, the S&P 500 index gained 0.31%, while the Nasdaq 100 index declined 0.02%.

Earlier in the day, official data showed that U.S. Initial Jobless Claims rose more-than-expected to a seasonally adjusted 410.00K last week from 385.00K in the preceding week whose figure was revised up from 383.00K.

Analysts had expected Initial Jobless Claims to rise … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Higher Education News: Test Optional, Tuition Cuts

Posted: 17 Feb 2011 01:08 PM PST

1. “DePaul University will no longer require applicants to submit standardized-test scores for admission. The new policy, announced on Thursday morning, makes DePaul the largest private nonprofit university to go completely “test optional.” Starting with applicants for the freshman class entering in 2012, students who choose not to submit ACT or SAT scores will write short responses to essay questions designed to measure “noncognitive” traits, such as leadership, commitment to service, and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

NetApp Delivers Mixed Results

Posted: 17 Feb 2011 01:06 PM PST

NetApp Inc. (NASDAQ:NTAP) reported third quarter fiscal 2011 adjusted earnings per share (EPS) of 45 cents, exceeding the Zacks Consensus Estimate of 41 cents. Adjusted EPS excludes amortization of intangible assets, acquisition-related expenses, restructuring charges, non-cash interest expense as well as investments and tax gains, but includes stock-based compensation expenses.
During the quarter, NetApp launched new solutions and improved its IT infrastructure that enhanced customer satisfaction. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Duke Tops Sales, Matches 2010 EPS

Posted: 17 Feb 2011 01:06 PM PST

Duke Energy Corporation (NYSE:DUK) announced its fourth-quarter 2010 operating earnings of 21 cents per share, falling short of the Zacks Consensus Estimates marginally by 2 cents. The results were also lower by 7 cents over the year-ago earnings of 28 cents per share.
Duke Energy’s 2010 operating earnings were $1.43 per share compared with $1.22 per share reported in 2009. Fiscal 2010 earnings precisely matched the Zacks Consensus Estimate, as provided by 21 covering analysts. 
The GAAP … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Iconix Beats, Reaffirms Guidance

Posted: 17 Feb 2011 01:06 PM PST

Iconix Brand Group Inc., a brand management company, delivered fourth quarter and full year 2010 results.
New York-based Iconix's earnings grew 10% in the quarter to 33 cents a share from 30 cents a share in the year-ago period, demonstrating steady organic growth in its core businesses and potential opportunities in its recently acquired “Peanuts” (Charlie Brown, Snoopy, etc.) brand. Earnings also outpaced the Zacks Consensus Estimate of 29 cents.
On a reported basis, including one-time … [visit site to read more] or compare Best Credit Cards and Best CD Rates

World Stock Markets Continue To Rebound In January To Three-Year High Of $57.2 Trillion

Posted: 17 Feb 2011 12:54 PM PST

The total value of the world’s stock markets increased by $2.4 trillion in January to $57.2 trillion, following a $3.1 trillion increase in December, according to data from the World Federation of Exchanges.  Over the last 12 months the world stock market capitalization has increased by 23.2%, and by almost $11 trillion, as stock markets around the world recovered as the global economic recovery took hold.  Compared to the cyclical, recession-low of $26.6 trillion in February 2009, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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

Posted: 17 Feb 2011 12:45 PM PST

Forex Pros – The British Pound was higher against the U.S. Dollar on Thursday.

GBP/USD was trading at 1.6171, up 0.47% at time of writing.

The pair was likely to find support at 1.5981, Monday's low, and resistance at 1.6186, today's high.

Meanwhile, the British Pound was up against the Euro and the Japanese Yen, with EUR/GBP shedding 0.19% to hit 0.8414 and GBP/JPY rising 0.04% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Vale Options Combination Play

Posted: 17 Feb 2011 12:05 PM PST

Vale options combination play
Today’s tickers: VALE, BID, EBAY & YGE
Vale S.A. (VALE) – Earlier we reported that a large-volume three-legged bearish transaction had taken place on iron ore producer, Vale. Market sources have since informed us that the direction of the trade is the reverse of what had been indicated by raw time and sales data. The new information regarding the transaction alters our interpretation of the spread to bullish from the previously reported bearish view. Shares … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Riding The World’s Fastest Train

Posted: 16 Feb 2011 10:00 PM PST

The world's largest network of high-speed rails now has the world's fastest train running on its tracks. In China in early December, a 16-car train set a new world record during a trial run by speeding faster than 302 miles per hour. During regular service, the train will travel just over 236 miles per hour.
The world's fastest train is currently running from Shanghai to Hangzhou, a city about 120 miles to the southeast. The $445 million project cuts train travel time in half, from 90 to … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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