DailyMarkets.com - Analyst Interviews: Pharmaceutical Industry Outlook |
- Analyst Interviews: Pharmaceutical Industry Outlook
- Tower Gains On Higher Revenues
- Earning Scorecard: RadioShack
- Silver Outweighs Gold
- VeriFone Tops, Positive Guidance
- Airlines Fare Badly On Price War
- Joy Global Misses, Grows Annually
- Salix Beats On Higher Revenues
- Auto Sales Up: A Boon For Banks?
- Tech Data Surpasses Estimates
- Cars, Trucks, Oil And Gas
- USD/CHF Targets 0.9150 And 0.9030
- How Market Internals Helped You Avoid March 1 Gap Flap Trap
- Forex – EUR/USD Up In U.S. Trading Hours
- Myriad To Buyback Shares Again
- Staples’ 4Q Net Income Rises
- Bearish Player Targets Verigy Ltd. Put Options
- Bearish Player Targets Verigy Ltd. Put Options
- Stock Market Summary For Wednesday, March 2, 2011 Special Alert FDO
- Accelerator Problem Haunts Toyota
- FMC Tech Gets BP Gig, Plans Split
- Earnings Preview: Del Monte
- Forex – GBP/USD Up During The U.S. Session
- European Markets Close Lower; Dax Down 0.58%
- Earnings Scorecard: Vornado
- 2011: Right Time To Buy A House?
- Accelerator Problem Haunts Toyota
- UDR Forays Into Manhattan
- Forex Trading: USDCHF Keeps Bearish Bias
- 2011: Right Time To Buy A House?
- Fifth Third Topples On SEC Probe
- ADP: 217K Private Jobs Gained
- Staples Misses, Earnings Rise
- HP Advances In Cloud With 3PAR
- McDermott Lags EPS, Backlog Grows
- Australian Dollar: The Downside Prevails
- Canadian Dollar: The Downside Prevails
- Swiss Franc: The New Safe Haven Currency?
- Dendreon Loss Widens On Higher Costs
- Silgan Rounds Off Strategic Buys
- Stereotaxis Losses Trim, Sales Miss
- Costco’s Earnings Surge
- Forex – Dollar Down Vs. Most Rivals As Mideast Concerns Weigh
- Forex – Pound Hits 13-month High Against Broadly Weaker Dollar
- Euro Rise Continues On Strong Data
- Yields Mixed As Investors Weigh Stocks And Crude Oil
- Forex – EUR/USD Hits 4-month High On ECB Rate Hike View
- Total Online Ads Slip, New Ads Reach 2.5 Yr. High
- EUR Up On Trichet, GBP Lifted By Data, Higher Oil Weighs On USD
- Whitbread Eyes Expansion In Coffee Bar Sector With Coffee Nation Acquisition
- Word From Floor: Oil Rises Above $100/bbl
| Analyst Interviews: Pharmaceutical Industry Outlook Posted: 02 Mar 2011 12:05 PM PST The pharmaceutical industry continues to witness major challenges like sluggish prescription trends, EU pricing pressure, intensifying generic competition, pipeline failures and limited late-stage catalysts. The next five years are expected to reflect a significant imbalance between new product introductions and patent losses. According to IMS Health, this is the main reason global pharmaceutical market growth will be restricted to the mid-single digits (5-8%) through 2014. Over the next five … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Tower Gains On Higher Revenues Posted: 02 Mar 2011 12:05 PM PST Tower Group Inc. (NASDAQ:TWGP) fourth quarter 2010 operating income of 84 cents per share was a penny ahead of the Zacks Consensus Estimate of 83 cents. Earnings surpassed management's guidance range of 75 to 80 cents and also exceeded prior-year quarter earnings of 74 cents.
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| Posted: 02 Mar 2011 12:05 PM PST RadioShack Corp. (NYSE:RSH) reported dismal fourth quarter 2010 financial results, where the EPS was below the Zacks Consensus Estimate.
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| Posted: 02 Mar 2011 11:55 AM PST In the world of precious metals, silver spends a lot of time in the shadow of its big brother gold. Gold, with its high price-to-weight and distinctive yellow tint, has always occupied a special place in the human psyche. To many people across many ages, gold is simply the ultimate form of money – and, as a long-term, stable store of value for one’s personal wealth, I agree it’s hard to beat. However, rare circumstances are aligning today that I believe will make silver the true … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| VeriFone Tops, Positive Guidance Posted: 02 Mar 2011 11:35 AM PST VeriFone Systems Inc (PAY) reported revenues of $284 million in the first quarter of fiscal 2011, up 3.0% sequentially and up 27% year over year, beating the Zacks Consensus Estimate of $268 million.
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| Airlines Fare Badly On Price War Posted: 02 Mar 2011 11:35 AM PST Top players in the U.S. airlines industry reported a steep decline of approximately 50% in their domestic fares following a $20 price jump that was announced in February 2011.
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| Joy Global Misses, Grows Annually Posted: 02 Mar 2011 11:25 AM PST Joy Global Incorporation (NASDAQ:JOYG) reported adjusted earnings of 96 cents per share in the first quarter of fiscal 2011, compared with 73 cents per share in the year-ago quarter. The results of the company were a dime short of the Zacks Consensus expectation.
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| Salix Beats On Higher Revenues Posted: 02 Mar 2011 11:25 AM PST Salix Pharmaceuticals, Ltd. (NASDAQ:SLXP) posted fourth quarter earnings of 66 cents per share, well above the Zacks Consensus Estimate of 50 cents. Salix had reported a loss of 13 cents in the year-ago quarter. Higher revenues and lower research and development costs helped improve earnings.
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| Auto Sales Up: A Boon For Banks? Posted: 02 Mar 2011 11:05 AM PST An improving economy and rising consumer confidence continue to fuel recovery in the auto industry. In 2010, U.S. auto sales increased 11.1% from 2009. Also, in February 2010, auto sales climbed 27% with more than 40% growth coming from Toyota Motor Corp. (NYSE:TM) and General Motors Corporation (NYSE:GM).
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| Posted: 02 Mar 2011 11:05 AM PST The IT products distributor, Tech Data Corp. (NASDAQ:TECD) reported better-than-expected fourth quarter 2011 earnings per share (EPS), beating the Zacks Consensus Estimate of $1.43 by 20 cents. Both revenue and EPS were a record high in the quarter attributed to strong demand for technology products in both the Americas and Europe, thereby leading to strong sales in the quarter.
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| Posted: 02 Mar 2011 11:05 AM PST Yesterday, the auto firms released their February sales numbers. The results were very strong, at least relative to the recent trend. The annualized rate was 13.4 million, well above the 12.6 million rate in January, and 27.3% above the year-ago level. The rate is still far below what was considered normal before the Great Recession, when annual rates with 16 or even an occasional 17 "handle" were common. Still, it was the highest rate since August 2008, with the exception of the Cash for … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| USD/CHF Targets 0.9150 And 0.9030 Posted: 02 Mar 2011 10:55 AM PST USD/CHF Cracks 0.93 and Has 0.89 in Sight (2/24) - The USD/CHF is seen in the daily, weekly chart to go to 0.89/0.90 area. Swing projections still point towards this zone.
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| How Market Internals Helped You Avoid March 1 Gap Flap Trap Posted: 02 Mar 2011 10:49 AM PST "How can you know in advance/in real time whether a breakout is real or a trap?" I intended to do this post mid-day yesterday but was active in the … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – EUR/USD Up In U.S. Trading Hours Posted: 02 Mar 2011 10:45 AM PST Forex Pros – The Euro was higher against the U.S. Dollar on Wednesday after the release of U.S. data on ADP Nonfarm Employment Change. EUR/USD was trading at 1.3864, up 0.63% at time of writing. The pair was likely to find support at 1.3712, Monday's low, and resistance at 1.3890, today's high. Earlier in the day, official data showed that non-farm employment change in the U.S. rose more-than-expected to a seasonally adjusted 217.00K last month, from 189.00K in the preceding month whose … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Myriad To Buyback Shares Again Posted: 02 Mar 2011 10:35 AM PST Myriad Genetics (NASDAQ:MYGN) has authorized a $100 million stock repurchase program, of which $50 million will be executed with the help of an accelerated share repurchase (ASR) agreement with JPMorgan Chase & Co. (NYSE:JPM). The company expects to complete the remaining $50 billion of share buybacks by the end of December 2011.
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| Posted: 02 Mar 2011 10:30 AM PST 03/02/11 Staples Inc. announced Wednesday that its 4Q net income rose on lower operating expenses and strong sales of paper and … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Bearish Player Targets Verigy Ltd. Put Options Posted: 02 Mar 2011 10:27 AM PST Bearish player targets Verigy Ltd. put options
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| Bearish Player Targets Verigy Ltd. Put Options Posted: 02 Mar 2011 10:26 AM PST Bearish player targets Verigy Ltd. put options
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| Stock Market Summary For Wednesday, March 2, 2011 Special Alert FDO Posted: 02 Mar 2011 10:25 AM PST We are going to add Family Dollar Stores (symbol: FDO) to our watch list once again at the current price of $50.28. We like how the stock has been trading recently. First time around FDO returned 24.3% while on our watch … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Accelerator Problem Haunts Toyota Posted: 02 Mar 2011 09:55 AM PST Toyota Motor Corp. (NYSE:TM) has again got into a fix with the same sticking accelerator gas-pedal problem. Toyota plans to recall 2.2 million vehicles this time in contrast to a similar situation faced in November 2009.
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| FMC Tech Gets BP Gig, Plans Split Posted: 02 Mar 2011 09:55 AM PST Oil drilling equipment maker FMC Technologies Inc. (FTI) announced the receipt of a five-year contract from British major BP plc (BP). The global frame agreement calls for FMC Technologies to manufacture and supply subsea production systems and life-of-field services for their worldwide subsea development projects.
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| Posted: 02 Mar 2011 09:55 AM PST Del Monte Foods Co.(NYSE:DLM) is scheduled to report its third-quarter 2011 financial results on Thursday, March 3, 2011. Currently, the Zacks Consensus Estimate for earnings is 40 cents per share and revenue is expected at $1,034 million for the quarter to be reported.
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| Forex – GBP/USD Up During The U.S. Session Posted: 02 Mar 2011 09:55 AM PST Forex Pros – The British Pound was higher against the U.S. Dollar on Wednesday after the release of U.S. data on ADP Nonfarm Employment Change. GBP/USD was trading at 1.6323, up 0.34% at time of writing. The pair was likely to find support at 1.6032, Friday's low, and resistance at 1.6344, today's high. Earlier in the day, official data showed that non-farm employment change in the U.S. rose more-than-expected to a seasonally adjusted 217.00K last month, from 189.00K in the preceding … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| European Markets Close Lower; Dax Down 0.58% Posted: 02 Mar 2011 09:55 AM PST Forex Pros – European stocks were down after the closing bell on Wednesday. At the close of European trade, Germany's DAX fell 0.58%, London's FTSE 100 shed 0.35%, France's CAC 40 declined 0.81% and the EURO STOXX 50 was down 0.82%. Earlier in the day, official data showed that non-farm employment change in the U.S. rose more-than-expected to a seasonally adjusted 217.00K last month, from 189.00K in the preceding month whose figure was revised up from 187.00K. Analysts had expected … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 02 Mar 2011 09:35 AM PST Vornado Realty Trust (NYSE:VNO), a leading real estate investment trust (REIT), reported fiscal 2010 fourth quarter recurring funds from operations (FFO) of $1.17 per share, which beat the Zacks Consensus Estimate by 8 cents. Fund 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.
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| 2011: Right Time To Buy A House? Posted: 02 Mar 2011 09:10 AM PST Is 2011 a good year to buy a house if the pocket permits? Declining home prices and a low interest rate environment suggest that the time is just perfect. Also, many of economists expect housing prices to bottom in 2011. The total cost including mortgages, … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Accelerator Problem Haunts Toyota Posted: 02 Mar 2011 09:10 AM PST Toyota Motor Corp. (NYSE:TM) has again got into a fix with the same sticking accelerator gas-pedal problem. Toyota plans to recall 2.2 million vehicles this time in contrast to a similar situation faced in November 2009.
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| Posted: 02 Mar 2011 09:10 AM PST UDR Inc. (NYSE:UDR), a leading multifamily real estate investment trust (REIT), has recently announced its plans to enter the apartment market in Manhattan with the acquisition of 10 Hanover Square, a 493-unit apartment community in the thriving Financial District of New York City. The company purchased the property for about $260.8 million at an estimated price of $484,000 per apartment home.
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| Forex Trading: USDCHF Keeps Bearish Bias Posted: 02 Mar 2011 09:07 AM PST The USDCHF fell below trendline support as the flight to safety continues in the pair and the bearish bias has remained with selling pressure showing up against the underside of the bottom channel line (see chart above).
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| 2011: Right Time To Buy A House? Posted: 02 Mar 2011 09:05 AM PST Is 2011 a good year to buy a house if the pocket permits? Declining home prices and a low interest rate environment suggest that the time is just perfect. Also, many of economists expect housing prices to bottom in 2011. The total cost including mortgages, … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Fifth Third Topples On SEC Probe Posted: 02 Mar 2011 09:05 AM PST Shares of Fifth Third Bancorp (NASDAQ:FITB) plunged over 4% in Tuesday's trading following a disclosure made by the company about a U.S. Securities and Exchange Commission's (SEC) investigation.
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| Posted: 02 Mar 2011 09:05 AM PST The Automatic Data Processing (NYSE:ADP) employment survey was better than expected in February. It shows that private sector employment rose by 217,000, well above consensus expectations for a 165,000 increase. In January it was far too optimistic, showing a gain of 187,000 (now revised up to 189,000) and then the BLS only reported a gain in private sector jobs of 50,000. In December, ADP was even further off the mark and reported a gain of 297,000 private sector jobs and the BLS only reported a … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 02 Mar 2011 08:35 AM PST Staples, Inc. (NASDAQ:SPLS), the global leader in the supply of office products, recently posted lower-than-expected fourth-quarter 2010 results. The quarterly earnings of 39 cents a share missed the Zacks Consensus Estimate of 41 cents but rose 2.6% from 38 cents earned in the prior-year quarter.
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| HP Advances In Cloud With 3PAR Posted: 02 Mar 2011 08:25 AM PST Yesterday, Hewlett-Packard Company (NYSE:HPQ) completed the integration of 3PAR Inc. into its Converged Infrastructure portfolio. HP had acquired virtualized storage solutions provider 3PAR in September 2010 at a hefty price of $33 per share, outbidding Dell Inc. (NASDAQ:DELL).
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| McDermott Lags EPS, Backlog Grows Posted: 02 Mar 2011 08:25 AM PST Energy-focused engineering and construction company McDermott International (NYSE:MDR) reported disappointing fourth quarter and full-year 2010 earnings, bruised by lower sales and higher selling and administrative expenses.
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| Australian Dollar: The Downside Prevails Posted: 02 Mar 2011 08:19 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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| Canadian Dollar: The Downside Prevails Posted: 02 Mar 2011 08:19 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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| Swiss Franc: The New Safe Haven Currency? Posted: 02 Mar 2011 08:18 AM PST Today’s Idea
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| Dendreon Loss Widens On Higher Costs Posted: 02 Mar 2011 08:16 AM PST Dendreon Corporation's (NASDAQ:DNDN) fourth quarter 2010 loss of 61 cents per share (excluding loss on debt conversion) was wider than the Zacks Consensus Estimate of a loss of 48 cents per share and the year-ago loss of 31 cents per share (excluding gain for warrant revaluation).
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| Silgan Rounds Off Strategic Buys Posted: 02 Mar 2011 08:16 AM PST Silgan Holdings Inc. (NASDAQ:SLGN) has completed the previously announced acquisition of the food can business of Vienna, Austria-based Vogel & Noot Holding for 260 million euros (approximately $358.8 million). The transaction will dilute fiscal 2011 first quarter earnings due to the initial write-up of inventory required for accounting purposes but is expected to be accretive to full year 2011.
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| Stereotaxis Losses Trim, Sales Miss Posted: 02 Mar 2011 08:16 AM PST Medical equipment maker Stereotaxis Inc. (NASDAQ:STXS) posted fourth-quarter fiscal 2010 loss per share of 5 cents, lower than the Zacks Consensus Estimate of a loss of 11 cents and the year-ago loss of 14 cents. For the full year, loss per share of 39 cents was also below the Zacks Consensus Estimate of a loss of 49 cents and the earlier-year loss of 63 cents.
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| Posted: 02 Mar 2011 08:16 AM PST Costco Wholesale Corporation (NASDAQ:COST), one of the leading U.S. warehouse club operators, recently posted better-than-expected second-quarter 2011 results. The quarterly earnings of 79 cents a share came a penny ahead of the Zacks Consensus Estimate, and rose 12.9% from 70 cents earned in the prior-year quarter.
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| Forex – Dollar Down Vs. Most Rivals As Mideast Concerns Weigh Posted: 02 Mar 2011 08:01 AM PST Forex Pros – The U.S. dollar was down against almost all of its major counterparts on Wednesday, as concerns over escalating unrest in the Middle East and North Africa overshadowed a stronger-than-expected U.S. private-sector jobs report. During European late afternoon trade, the greenback was down against the euro, with EUR/USD surging 0.78% to hit 1.3883. Earlier in the day, official data showed that producer price inflation in the euro zone accelerated at the fastest pace in 29 years in … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – Pound Hits 13-month High Against Broadly Weaker Dollar Posted: 02 Mar 2011 07:48 AM PST Forex Pros – The pound rose to a 13-month high against the broadly weaker U.S. dollar on Wednesday, as oil prices surged above USD100 a barrel, sparking concerns over the impact on the U.S. economic recovery. GBP/USD hit 1.6344 during European late afternoon trade; the pair's highest since January 20, 2010; the pair subsequently consolidated at 1.6339, gaining 0.44%. Cable was likely to find support at 1.6070, Tuesday's low and resistance at 1.6456, the high of January 19, 2010. In … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Euro Rise Continues On Strong Data Posted: 02 Mar 2011 07:45 AM PST 03/02/11 The euro currency continued to dominate trade this session following another round of strong European economic … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Yields Mixed As Investors Weigh Stocks And Crude Oil Posted: 02 Mar 2011 07:31 AM PST Treasuries best performance since the last day of January came in the middle of the North American night as investors in Asia sold stocks and reached for the safe haven of government debt. As events unfolded in early morning Manhattan signs of economic strength pared gains for safe haven investments as investors once again rotate cautiously from bonds to stocks.
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| Forex – EUR/USD Hits 4-month High On ECB Rate Hike View Posted: 02 Mar 2011 07:27 AM PST Forex Pros – The euro was trading close to a four month high against the U.S. dollar on Wednesday, boosted by expectations of a near-term interest rate hike by the European Central Bank while rising oil prices continued to hurt the greenback. EUR/USD hit 1.3883 during European late afternoon trade, the pair's highest since November 9; the pair subsequently consolidated at 1.3877, surging 0.73%. The pair was likely to find support at 1.3646, the low of February 23 and resistance at 1.3973, … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Total Online Ads Slip, New Ads Reach 2.5 Yr. High Posted: 02 Mar 2011 07:20 AM PST Online advertised vacancies dipped by 27,400 in February to 4,245,600 according to The Conference Board Help Wanted OnLine (HWOL) Data Series released today. Labor demand has risen 1.41 million since the series' low point in April 2009. This increase offsets approximately 80 percent of the 1.76 million drop in ad volume during the 2-year downturn period from April 2007 through April 2009. "Total labor demand (new ads and ads that are reposted from the previous month) paused in February, … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| EUR Up On Trichet, GBP Lifted By Data, Higher Oil Weighs On USD Posted: 02 Mar 2011 06:15 AM PST Euro Climbs on Trichet Expectations
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| Whitbread Eyes Expansion In Coffee Bar Sector With Coffee Nation Acquisition Posted: 02 Mar 2011 02:13 AM PST Whitbread (LON:WTB) , the hotel and restaurant group, said today that its fast growing Costa Coffee chain was acquiring Coffee Nation for £59.5m in cash. The group is now planning to launch a new brand, Costa Express which will target the self-serve coffee bar sector. The news came as Whitbread reported that like-for-like sales at Costa had grown by 7.9% in the 50 weeks to February 17. An aggressive expansion campaign, which will see and additional 300 new stores in 2010/11, helped drive up … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Word From Floor: Oil Rises Above $100/bbl Posted: 01 Mar 2011 09:02 PM PST 03/02/11 US stocks fluctuated in morning trade, as crude oil and gold futures continued to … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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