Monday, February 7, 2011

DailyMarkets.com - U.S. Job Numbers For January: What They Really Say

DailyMarkets.com - U.S. Job Numbers For January: What They Really Say

U.S. Job Numbers For January: What They Really Say

Posted: 07 Feb 2011 09:55 AM PST

I look at the U.S. job report numbers released by the Labor Department on Friday, and I just need to laugh inside. It was a terrible report. But the news media didn't see it that way. Most news sources said that the stock market was rallying on Friday due to the strength of the job report numbers. Rubbish.

Here is the real story behind the job numbers:

The official unemployment rate in the U.S. fell from 9.4% in December to 9.0% in January. This is the figure that got the media all … [visit site to read more] or compare Best Credit Cards and Best CD Rates

KMP, Copano Spur Eagle Ford Service

Posted: 07 Feb 2011 09:55 AM PST

Eagle Ford Gathering LLC, a 50:50 joint venture (JV) between Kinder Morgan Energy Partners, L.P. (NYSE:KMP) and Copano Energy, L.L.C. (NASDAQ:CPNO), entered into a long-term agreement with a subsidiary of Anadarko Petroleum Corp. (NYSE:APC) for midstream services in the Eagle Ford Shale play.
Per the agreement, Eagle Ford Gathering will facilitate Anadarko E&P Company LP, the subsidiary of Anadarko, with significant natural gas gathering, transportation, processing and fractionation services in the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Earnings Preview: Computer Sciences

Posted: 07 Feb 2011 09:35 AM PST

Computer Sciences Corp. (NYSE:CSC) is scheduled to announce its third quarter 2011 results on February 9, 2011, and we see a limited number of revisions in analyst estimates at this point in time.
Second Quarter Overview
Computer Sciences' second quarter 2011 revenue slipped 1.63% from the year-ago period due to the revenue decline in the North American Public Sector (NPS) segment and a negative currency impact. However, Computer Sciences won $4.5 billion worth of new businesses during the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

LaCrosse Beats With Strong Sales

Posted: 07 Feb 2011 09:35 AM PST

LaCrosse Footwear Inc (NASDAQ:BOOT), a leading developer and marketer of premium, branded footwear for work and outdoor market, reported fourth quarter 2010 earnings of 60 cents, ahead of the Zacks Consensus Estimate of 55 cents and 36 cents reported in the prior-year quarter.
Portland, Oregon-based LaCrosse reported that net sales in the fourth quarter climbed 23% year over year to $52.1 million.
The better-than-expected results were driven by double-digit growth in the top line and margin … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Is Punxsutawney Phil A Natural Gas Trader?

Posted: 07 Feb 2011 09:18 AM PST

Today’s Idea
A glance at the daily chart for April Natural Gas shows what may be a significant top put in place back on January 24th, when prices rose to nearly 6-month highs, but then fell sharply to close near the lows of the day. Since that time, the April futures have been range-bound, with prices holding within a narrow band between 4.500 and 4.250. Some traders looking for the 4.800 highs to hold for the next few weeks may wish to explore selling calls in April Natural Gas options with a … [visit site to read more] or compare Best Credit Cards and Best CD Rates

CardioGenics Holdings Inc. (CGNH) Q4 2010 Update

Posted: 07 Feb 2011 09:10 AM PST

Brian Marckx, CFA
Q4 2010 Update
           
10-K Filed
CardioGenics Holdings Inc. (CGNH) filed their 10-K for the year ending October 31, 2010 on January 31, 2011.  Financial results were generally in-line with our expectations.  Fourth quarter operating loss of $520k was better than our $619k forecast mostly as a result of lower spend on R&D, partially offset by a $105k charge for write-off of patent application costs.  … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Ross On A Sales Climb

Posted: 07 Feb 2011 09:05 AM PST

Ross Stores Inc. (ROST ),  the second largest off-price retailer of apparels and home accessories, recently marked the 12th consecutive quarter of positive comparable store sales trend, clocking 3.0% for the four-week period ended January 29, 2011. Ross also upgraded its outlook for the fourth quarter of fiscal 2010.
Regionally, Florida and Southwest acted as the catalyst for the increase in comparable store sales. Categories like Juniors and Dresses left a positive footprint on … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Earnings Scorecard: Praxair Inc.

Posted: 07 Feb 2011 09:05 AM PST

Praxair Inc. (NYSE:PX) delivered above Consensus results in the fourth quarter and full year 2010 which along with a robust first quarter and full year 2011 guidance kept sentiments positive for the stock.
Earnings Review
Praxair’s fourth quarter adjusted earnings per share were $1.25, above the Zacks Consensus Estimate of $1.23 and up 15% year over year. The results were also above management’s guidance range of $1.18-$1.23. The quarter’s earnings excluded $255 million, or 82 cents per share … [visit site to read more] or compare Best Credit Cards and Best CD Rates

GameStop’s New Repurchase Program

Posted: 07 Feb 2011 09:05 AM PST

GameStop Corporation (NYSE:GME), the video game and entertainment software retailer, recently announced a new share or debt repurchase program, overriding the previous program of $300.0 million.
The newly announced program, which does not have any explicit confines of termination, authorizes the company to procure up to $500.0 million shares or debt over the next 18 months through open market or private transactions.
The gaming giant had about $138.4 million left at its disposal under its $300.0 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

USD/CHF Breaks To The Upside; Targets 0.9780 Above 0.9610

Posted: 07 Feb 2011 08:59 AM PST

Forex Video Technical Update 2/4/2011 – USD's Reaction to the Non-Farm Payroll Shows Resilience
USD/CHF

- The USD/CHF rallied today above a declining trendline.
- If upon subsequent throwback, the market remains above 0.9480, the market can extend another rally swing towards the 0.9780 high from the beginning of January. This requires a break above 61.8% Fibonacci retracement level at 0.9610.
- The RSI preferably stays above 50, and needs to definitely stay above 40.
- The daily chart … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: EURUSD Moves Away From 100 Day MA

Posted: 07 Feb 2011 08:52 AM PST

The EURUSD is moving away from the 100 day MA after testing, moving below and failing on the break this morning (at 1.3530). The price is now up testing the  next target resistance at the 1.3563-73 level.  This level corresponds with prior lows and highs over the last few weeks of trading.  A move above the area should solicit additional buying  momentum.

On the downside, if the price can stay above the 100 bar MA on the 5 minute chart and 38.2% retracement level of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Dollar Rise Continues On Weak Eurozone Data

Posted: 07 Feb 2011 08:45 AM PST

02/07/11 For the fourth consecutive session, the US dollar has traded stronger against the higher-yielding euro following a weaker-than-expected factory orders … [visit site to read more] or compare Best Credit Cards and Best CD Rates

NeuroMetrix Hit By Lower Sales

Posted: 07 Feb 2011 08:25 AM PST

Nerve testing devices maker NeuroMetrix (NASDAQ:NURO) reported fourth-quarter fiscal 2010 net loss per share of 18 cents, marginally missing the Zacks Consensus Estimate of a loss of 17 cents.
The Massachusetts-based company posted a net loss of $4.2 million in the quarter versus a profit of roughly $0.4 million (or 2 cents a share) a yearago as revenues sank on account of a revamp in Medicare reimbursement. For fiscal 2010, net loss per share of 73 cents was a penny higher than the Zacks Consensus … [visit site to read more] or compare Best Credit Cards and Best CD Rates

When Is It Time To Short The US Dollar, Stock Market And Gold?

Posted: 07 Feb 2011 08:22 AM PST

It has been my contention all along that the Fed would print until something breaks. Once that break occurs we will enter the next leg down in the secular bear market. This time I don’t expect it to be the credit markets, although we will almost certainly have trouble in the municipal and state bond markets. Some may even default.

I actually think the greater risk is from massive layoffs by state and local governments in an effort to cut expenses and avoid default. When that begins we … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Chevron Sheds Some Spanish Units

Posted: 07 Feb 2011 08:21 AM PST

Integrated global energy company Chevron Corp. (CVX )  has inked a deal with Spanish major Compania Espanola de Petroleos SA or CEPSA to sell its fuels, finished lubricants and aviation businesses in Spain. The financial terms of the agreement were not disclosed.
The scope of the deal includes the sale of 100% interest in Chevron Espana SA and Chevron Estaciones de Servicio SA as well as the Valencia lubricants blending plant. However, Chevron will not part with its marine lubricants … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Costco’s Sales Momentum Continues

Posted: 07 Feb 2011 08:21 AM PST

Costco Wholesale Corporation (NASDAQ:COST), one of the leading U.S. warehouse club operators, recently posted healthy sales data for the four-week period ended January 30, 2011.
The company sustained its sales momentum. After a 6% increase in December 2010, Costco's comparable-store sales for January rose 9%, reflecting a comparable sales growth of 6% at its U.S. locations and 16% at its international divisions. For the twenty-two week period ended January 30, 2011, the company registered a … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Earnings Preview: Becton Dickinson

Posted: 07 Feb 2011 08:21 AM PST

Becton, Dickinson and Company (NYSE:BDX) is slated to report first-quarter fiscal 2011 results on Tuesday, February 8, ahead of the opening bell. The current Zacks Consensus Estimate for the first quarter is $1.29, representing an estimated year-over-year decline of 1.11%.  
During the fourth quarter earnings announcement, the company had guided reported earnings per share from continuing operations for fiscal 2011 to grow about 11% to 13% to a range of $5.45 to $5.55. It expects adjusted … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Australian Dollar: Under Pressure

Posted: 07 Feb 2011 08:18 AM PST

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

Canadian Dollar: The Downside Prevails

Posted: 07 Feb 2011 08:18 AM PST

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

Crude Slides On Euro Drop

Posted: 07 Feb 2011 03:00 AM PST

02/07/11 A decline in the euro on weak factory reports have paved the way for crude prices to start off the new week on the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bond Rout Continues Ahead Of Supply

Posted: 07 Feb 2011 07:54 AM PST

Treasury yields have climbed slowly to a nine-month high, muscling spreads wider as the curve steepens. As ever, a good deal of supply is on the cards this week and as always bond traders are leaning on bonds in an effort to buy in to weakness throughout the auction process. In Europe the lack of accord at the weekend meeting has left peripheral yields scurrying higher as the prospect of a strengthening of the stability fund remains way off in the distance.
Eurodollar futures – March treasury … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: EURUSD Is Back Above The 100 Day MA

Posted: 07 Feb 2011 07:47 AM PST

The EURUSD has moved back above the 100 day MA at the 1.3530 level. The corrective low has been 1.3529 so far. The failure below the 100 day MA, may solicit some short covering using the 100 day MA area as support … [visit site to read more] or compare Best Credit Cards and Best CD Rates

ETF News Update: What Will The Year Of The Rabbit Bring? (FXI)

Posted: 07 Feb 2011 07:47 AM PST

The Chinese Lunar New Year began last week on February 3rd and will end on January 22, 2012, with this year's Lunar New Year celebration culminating with the full moon on February 18th. 
2011 is officially known as the Year of the Golden Rabbit and comes from the rabbit, the fourth sign of the Chinese Zodiac and is known generally to be a lucky sign. 
Rabbit years tend to be good years and the Chinese Zodiac is taken so seriously across Asia that one of their leading brokerages, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Quarterly Results Heat Up For Lorillard

Posted: 07 Feb 2011 02:45 AM PST

02/07/11 The third largest tobacco company, Lorillard Inc., announcedMmonday that its net income increased above … [visit site to read more] or compare Best Credit Cards and Best CD Rates

USD/CAD Should Rally In The Short-term In An Intermediate-term Range

Posted: 07 Feb 2011 07:26 AM PST

Forex Video Technical Update 2/4/2011 – USD's Reaction to the Non-Farm Payroll Shows Resilience
USD/CAD

- The USD/CAD has declined to the January low near 0.9837, and cracked below that. There is a bullish divergence spotted in the 4H chart, and as USD/CAD has always been a choppy pair, we can expect a rally in the short-term from this important support.
- The rally will be challenged at the 0.9910 resistance, and a break above that suggests a rally that can retest the channel resistance … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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