DailyMarkets.com - Barrick’s 1Q Shows Profit

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• Barrick’s 1Q Shows Profit
• Costco Enhances Return
• Euro: Capped By A Negative Trend Line
• Japanese Yen: Under Pressure
• British Pound: Under Pressure
• The Era Of Cheap, Abundant Natural Gas Is Here
• New Econ Rap Video: Keynes Vs. Hayek Round Two
• U.S Pending Home Sales Rise Significantly More-than-expected
• Ericsson Beats
• Hanger’s EPS Meets, Profit Soars
• Flowserve Beats Zacks Consensus
• GBP/USD Should Find Support Above 1.6550; Swing Projection Targets 1.6870
• Forex Trading: EURUSD Tests 100 And 200 Bar MA
• ExxonMobil Soars On Oil Prices
• Crown Castle Beats Estimates
• Dow Beats Consensus
• Liberty Property Beats Estimates
• GDP Growth Comes Down
• Stock Market News Briefs: Boeing Company, Citigroup, CenturyTel, Citrix Systems, Johnson & Johnson, Lexmark International, Masco, Safe Bulkers, Inc, SMART Modular Technologies (WWH), SAVVIS, Xilinx
• EUR/USD Targets 1.4940 While Above 1.4710
• Forex – USD/CAD Rebounds From 5-day Low After Tepid U.S. Data
• Morning Market Brief
• LaCrosse Misses On Lower Revenues
• Brinker Beats Estimate
• You Can’t “Give Back” Unless You’ve First Taken It
• U.S. Stock Futures Down On Earnings, Data; Dow Futures Slip 0.25%
• U.S. GDP Rises Slightly More-than-expected In Q1
• U.S. Initial Jobless Claims Rise Unexpectedly
• BUY HL At $9.49 In Pre-Market
• Panera Tops With Strong Sales
• Forex Trading: GBPUSD. Watching 1.6625 Below
• Forex Trading: EURUSD Tests 38.2% Pre US GDP
• Forex – Dollar Firms Up Vs. Rivals Ahead Of U.S. GDP Data
• Forex – GBP/USD Eases Off 17-month High As U.S. Data Eyed
• USD/JPY Daily Fundamental Analysis For April 29, 2011
• AUD/USD Daily Fundamental Analysis For April 29, 2011
• Forex News – The Dollar’s Sharp Fall Brought Volatility
• Forex – EUR/USD Close To16-month High After Bernanke Remarks
• Forex – Dollar Close To Record Low Against Swiss Franc After Fed

Barrick’s 1Q Shows Profit Posted: 28 Apr 2011 07:35 AM PDT Barrick Gold Corp. (NYSE:ABX) posted record first-quarter 2011 results driven by higher gold sales volumes and higher prices for both gold and copper. The first quarter reported a net income of $1.0 billion or $1.00 per share.   Adjusted net income was up 32% year over year to $1.0 billion or $1.01 per share compared with $763 million or 78 cents per share in the prior-year quarter, in line with the Zacks Consensus Estimate of $1.01. Revenue In the first quarter of 2010, total revenue of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Costco Enhances Return Posted: 28 Apr 2011 07:35 AM PDT Costco Wholesale Corporation (NASDAQ:COST) in its attempt to optimize its shareholders' return decided to employ its available free cash in raising its quarterly dividend and also approved a share buyback program. The wholesale club retailer raised its quarterly dividend by approximately 17% to24 cents from 20.5 cents. The increased dividend will be paid on May 27, 2011 to stockholders of record as of May 13, 2011. Additionally, the company also announced a share repurchase program, replacing the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Euro: Capped By A Negative Trend Line Posted: 28 Apr 2011 07:20 AM PDT Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Japanese Yen: Under Pressure Posted: 28 Apr 2011 07:19 AM PDT Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

British Pound: Under Pressure Posted: 28 Apr 2011 07:18 AM PDT Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

The Era Of Cheap, Abundant Natural Gas Is Here Posted: 28 Apr 2011 07:14 AM PDT Simply put, the era of cheap and abundant natural gas has begun. The price of natural gas is now less than one-quarter that of oil on an energy equivalent basis. Indeed, it has fallen more than 25 percent over the past three years. When adjusted for inflation, American consumers haven’t had cheaper natural gas since December 2002 (see chart).  The success of horizontal hydraulic fracturing of shale gas and the profound importance of natural gas on America’s energy future can’t be … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

New Econ Rap Video: Keynes Vs. Hayek Round Two Posted: 28 Apr 2011 07:08 AM PDT … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S Pending Home Sales Rise Significantly More-than-expected Posted: 28 Apr 2011 07:07 AM PDT Forex Pros – ing home sales in the U.S. rose significantly more-than-expected in March, industry data showed on Thursday.<br /><br />In a report, the National Association of Realtors said its pending home sales index jumped by 5.1% in March, surpassing expectations for an increase of 1.5%. <br /><br />The prior month&rsquo;s figure was downwardly revised to 0.7% from a gain of 2.1%. <br /><br />Year-on-year, pending home sales fell at an annualized rate … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Ericsson Beats Posted: 28 Apr 2011 07:05 AM PDT LM Ericsson Telephone Company (NASDAQ:ERIC) reported first quarter 2011 net sales of SEK 53 billion ($8.68 billion) and earnings per share of SEK 1.27 (20 cents), exceeding the Zacks Consensus Estimates of $7.4 billion and 16 cents respectively. Group sales in the quarter increased by 17% year-over-year driven by robust demand for mobile broadband and multi-standard radio base station RBS 6000. The increase in Group sales was driven by segment Networks where revenues grew 35% year over year with an … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Hanger’s EPS Meets, Profit Soars Posted: 28 Apr 2011 06:55 AM PDT Orthotic and prosthetic (O&P) company Hanger Orthopedic (NYSE:HGR) posted first-quarter fiscal 2011 adjusted earnings per share of 19 cents, matching the Zacks Consensus Estimate and exceeding the year-ago adjusted earnings of 16 cents. The adjusted earnings exclude the costs associated with the relocation of the company's corporate headquarters. Profit (as reported) zoomed 55% year over year to $6.2 million (or 18 cents a share) owing to higher sales and lower relocation charges which fell … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Flowserve Beats Zacks Consensus Posted: 28 Apr 2011 06:55 AM PDT Flowserve Corporation (NYSE:FLS) reported earnings per share of $1.72, exceeding the Zacks Consensus Estimate of $1.59, for the first quarter of 2011. Revenues for the quarter were $997 million, a tad below the Zacks Consensus Estimate of $1,012 million. Gross margin declined by 140 basis points to 34.9%, or 35.6% excluding realignment charges and effect of Valbart, a 2010 acquisition. Operating income was $130 million, down 8.4%, including realignment charges of $0.8 million, a $1.4 million … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

GBP/USD Should Find Support Above 1.6550; Swing Projection Targets 1.6870 Posted: 28 Apr 2011 06:52 AM PDT USD Setups Heading into the FOMC Meeting (4/27 Video) GBP/USD Short-Term to Medium Term- The GBP/USD broke out of a flag pattern and then continued the rally after the FOMC meeting yesterday. The RSI confirmed with a break above 70. - The market topped off below 1.6750 in the European session, and the US session has so far paused this decline. If the decline continues, it is still in the context of a bullish attempt as long as it remains above the 61.8% retracement and pivot at 1.6550. - The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: EURUSD Tests 100 And 200 Bar MA Posted: 28 Apr 2011 06:43 AM PDT The EURUSD has moved back higher after consolidating above and below the 38.2% retracement level. The pair is testing the 100 and 200 bar MA on the 5 minute chart which have converged (Threes a Crowd). What we look for is the market to move away from this level. The market is testing the resolve of the bulls. The EURUSD has had a sharp run up. I would not be surprised to see a correction. However, I will listen to the market as well and if the MA levels are broken, the bulls might wrestle … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

ExxonMobil Soars On Oil Prices Posted: 28 Apr 2011 06:35 AM PDT U.S. energy behemoth ExxonMobil Corp.’s (NYSE:XOM) first quarter earnings shot up more than 69% year over year (from $6.3 billion to $10.7 billion), driven by higher commodity price realizations, improved refinery margins and solid chemical contributions. The world’s largest publicly traded oil company posted earnings of $2.14 per share, beating the Zacks Consensus Estimate of $2.05 and substantially ahead of the year-earlier earnings of $1.33. Total revenue in the quarter increased 26.3% year … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Crown Castle Beats Estimates Posted: 28 Apr 2011 06:35 AM PDT Crown Castle International Inc.(NYSE:CCI) declared excellent first quarter 2011 results, which handily beat the Zacks Consensus Estimate. These fabulous results were primarily driven by higher revenue, higher adjusted EBITDA and massive increase in recurring cash flow. In the after-market trading in NYSE, stock price of Crown Castle was down 26 cents (0.59%) to $44.19. Net profit Quarterly GAAP net income was approximately $40 million or 12 cents per share compared with a net loss of $119 million … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Dow Beats Consensus Posted: 28 Apr 2011 06:35 AM PDT The Dow Chemical Company (NYSE:DOW) earned 82 cents per share in the first quarter of 2011, ahead of the Zacks Consensus Estimate of 67 cents per share as well as last year's 43 cents per share. However, including one-time charges, the company earned 54 cents per share compared with 41 cents per share in the year-ago quarter. Quarterly revenues jumped 20% year over year to $14.7 billion and were above the Zacks Consensus Estimate of $13.8 billion. Volume (8%) and pricing (12%) gains across all … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Liberty Property Beats Estimates Posted: 28 Apr 2011 06:35 AM PDT Liberty Property Trust (LRY) reported first quarter 2011 FFO (fund from operations) of 64 cents per share at par with the year-earlier quarter. 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. The reported earnings marginally beat the Zacks Consensus Estimate by a penny. Recurring FFO for the quarter stood at 62 cents per share. At quarter-end, the in-service portfolio … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

GDP Growth Comes Down Posted: 28 Apr 2011 06:35 AM PDT The day’s major event is the sub-par GDP report for the first quarter, which came inline with expectations. We also have a disappointing Jobless Claims report this morning, reversing the gains that we have been seeing in this key report. These unfavorable reports will weigh on the market today, reversing the positive momentum of the last few days. U.S. economic growth momentum weakened significantly in the first quarter, producing a sub-par growth rate of 1.8%, inline with consensus growth … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Stock Market News Briefs: Boeing Company, Citigroup, CenturyTel, Citrix Systems, Johnson & Johnson, Lexmark International, Masco, Safe Bulkers, Inc, SMART Modular Technologies (WWH), SAVVIS, Xilinx Posted: 28 Apr 2011 06:35 AM PDT     Boeing (NYSE:BA) reported Q1 EPS of $0.78 today, above the Zacks Consensus Estimate of $0.70 per share. Revenues for the quarter fell 2% year-over-year to $14.91 billion, lower than the Zacks Consensus Estimate for $15.487 billion     CenturyLink, Inc. (NYSE:CTL) announced plans to buy SAVVIS, Inc. (NASDAQ:SVVS) following its acquisition of Qwest Communications a few weeks earlier. The deal to acquire SAVVIS is worth $2.5 billion in cash and stock     … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EUR/USD Targets 1.4940 While Above 1.4710 Posted: 28 Apr 2011 06:34 AM PDT USD Setups Heading into the FOMC Meeting (4/27 Video) EUR/USD in a Throwback after a 5-Wave Rally (4/27) EUR/USD Short-Term to Medium Term- The EUR/USD is in a rally that broke above a very short-term flag pattern and the market followed through after the FOMC release. The rally so far satsified a swing projection seen in the 1H chart. - A stronger swing projection can be seen in the 4H chart breaking out of a larger flag pattern. This targets 1.4940. - The momentum in the 1H chart should … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CAD Rebounds From 5-day Low After Tepid U.S. Data Posted: 28 Apr 2011 06:27 AM PDT Forex Pros – The U.S. dollar rebounded from a five-day low against its Canadian counterpart on Thursday, after reports showed that the U.S. economy slowed significantly since the end of 2010 and initial jobless claims jumped unexpectedly last week.<br /><br />USD/CAD clawed back up from 0.9464, the pair&rsquo;s lowest since April 21, to hit 0.9508 during early U.S. trade, easing up 0.10%.<br /><br />The pair was likely to find support at 0.9453, the low of April 21 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Morning Market Brief Posted: 28 Apr 2011 06:15 AM PDT 04/28/11 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 Balance Transfer Credit Cards

LaCrosse Misses On Lower Revenues Posted: 28 Apr 2011 06:11 AM PDT LaCrosse Footwear Inc (NASDAQ:BOOT), a leading developer and marketer of premium branded footwear for work and outdoor market, reported a loss of 10 cents in the first quarter of 2011, well below the Zacks Consensus Estimate of earnings of 17 cents and the prior-year quarter earnings of 25 cents. Portland, Oregon-based LaCrosse reported first quarter net sales of $25.2 million, down 26.4% year over year. The lower-than-expected results were due to a double-digit fall in the top line. Inside the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Brinker Beats Estimate Posted: 28 Apr 2011 06:11 AM PDT The leading casual dining restaurant company in the world, Brinker International Inc (NYSE:EAT) reported third quarter 2011 adjusted earnings per share (EPS) of 47 cents, surpassing the Zacks Consensus Estimate of 45 cents as well as the prior-year quarter earnings of 37 cents. The upside in earnings was driven by continued margin expansion at Chili’s and top-line growth at Maggiano’s. On a GAAP basis, the owner of Chili's Grill & Bar and Maggiano’s Little Italy reported third quarter … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

You Can’t “Give Back” Unless You’ve First Taken It Posted: 28 Apr 2011 06:11 AM PDT “The Ritz-Carlton Give Back Getaways voluntourism program offers our guests an exceptional opportunity to combine volunteer work with travel and give back to the community in a way that is meaningful to them and to the lives of others.” Don Boudreaux responds: “Have you taken something that doesn't belong to you?  If so, by all means give it back! If, though, you've not taken anything that doesn't belong to you, you possess nothing that you can give back. Being a profitable … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. Stock Futures Down On Earnings, Data; Dow Futures Slip 0.25% Posted: 28 Apr 2011 05:49 AM PDT Forex Pros – U.S. stock futures pointed to a lower open on Thursday, as investors digested a slew of mixed earnings reports and following disappointing government data on initial jobless claims and gross domestic product.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br /><br />Dow Jones Industrial Average futures pointed a loss of 0.25%, the S&amp;P 500 futures slipped 0.32%, while Nasdaq 100 futures indicated a drop of 0.28%. <br /><br />Stock index futures … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. GDP Rises Slightly More-than-expected In Q1 Posted: 28 Apr 2011 05:43 AM PDT Forex Pros – Gross domestic product in the U.S. rose slightly more-than-expected in the first quarter, preliminary official data showed on Thursday.<br /><br />In a report, the Bureau of Economic Analysis said that GDP rose by a seasonally adjusted annual rate of 1.8%, compared to 3.1% in the preceding quarter.<br /><br />Analysts had expected U.S. gross domestic product to rise 1.7% in the first quarter.<br /><br />The GDP price index rose … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. Initial Jobless Claims Rise Unexpectedly Posted: 28 Apr 2011 05:38 AM PDT Forex Pros – The number of people who filed for unemployment assistance in the U.S. last week rose unexpectedly, official data showed on Thursday. <br /><br />In a report, the U.S. Department of Labor said the number of individuals filing for initial jobless benefits in the week ending April 23 rose by 25,000 to a seasonally adjusted 429K, up from 404K in the preceding week, whose figure was revised up from 403K.<br /><br />Analysts had expected initial jobless claims … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

BUY HL At $9.49 In Pre-Market Posted: 28 Apr 2011 05:31 AM PDT I just bought Hecla Mining Co (HL) in the pre-market for $9.49. Chart of HL in previous post. My TSI Trading record has been … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Panera Tops With Strong Sales Posted: 28 Apr 2011 05:26 AM PDT Panera Bread Co. (NASDAQ:PNRA) recently posted first quarter 2011 earnings of $1.09 per share, surpassing the Zacks Consensus Estimate of $1.07 as well as the prior-year quarter earnings of 82 cents. Better-than-expected results were driven by double-digit growth in the top line. Inside the Headline Numbers The restaurant chain reported total revenue of $422.1 million in the first quarter, up 16% year over year. However, total revenue failed to beat the Zacks Consensus Estimate of $423.0 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: GBPUSD. Watching 1.6625 Below Posted: 28 Apr 2011 05:25 AM PDT The 1.66256 level in the GBPUSD is the 38.2% of the move up from the low yesterday to the high today. The pair moved higher in the Far east session but came off during the London morning. Looking at the chart, the price dipped below the 100 bar MA on the 5 minute chart, found some intraday buyers against the 200 bar MA, but has dipped below in early NY trade.  A continuation move below the 38.2% would continue the corrective momentum in that direction. Traders who sold or took … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: EURUSD Tests 38.2% Pre US GDP Posted: 28 Apr 2011 05:06 AM PDT Event risk is increased pre GDP.  However, the pair is currently testing the 38.2% of the move up from the pre-Bernanke low.  That level comes in at 1.4786.   The GDP is expected to come in at 1.8% to 2.0% but the 1st cut of GDP can be quite volatile as the Commerce Department uses estimates for some of the data which has not yet been reported.   So the number is subject to revisions. Interestingly enough there are rumors in the market the data will be weaker than … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – Dollar Firms Up Vs. Rivals Ahead Of U.S. GDP Data Posted: 28 Apr 2011 04:39 AM PDT Forex Pros – The U.S. dollar pared losses against almost all of its major counterparts on Thursday, ahead of the release of crucial&nbsp; U.S. data on first quarter gross domestic product and a report on initial jobless claims.<br /><br />During European afternoon trade, the greenback was down against the euro, with EUR/USD easing up 0.11% to hit 1.4804.<br /><br />Earlier in the day, official data showed that unemployment in Germany fell more-than-expected in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Eases Off 17-month High As U.S. Data Eyed Posted: 28 Apr 2011 04:17 AM PDT Forex Pros – The pound pared gains against the U.S. dollar on Thursday, easing off a 17-month high ahead of the release of advance data on first quarter U.S. gross domestic product and a report on initial jobless claims.<br /><br />GBP/USD retreated from 1.6745, the pair&rsquo;s highest since November 19, 2009, to hit 1.6644 during European early afternoon trade, up 0.11% on the day.<br /><br />Cable was likely to find support at 1.6434, Wednesday&rsquo;s low … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

USD/JPY Daily Fundamental Analysis For April 29, 2011 Posted: 28 Apr 2011 04:07 AM PDT By ForexMansion.com   The USD/JPY pair headed to the downside after the Fed kept rates steady between zero and 0.25%. The dollar lost ground against the Japanese currency, as the Fed policy makers are not considering a tighter monetary policy, opening the door for some gains for JPY.   On the contrary, the yen weakened versus other majors affected by S&P downgrade on Japan's sovereign-rating outlook to "negative", in addition to the heavy drop in Japan’s industrial … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

AUD/USD Daily Fundamental Analysis For April 29, 2011 Posted: 28 Apr 2011 04:06 AM PDT By ForexMansion.com   The Australian dollar rose sharply for three days in a row against the US dollar, while it strengthened to record a new multi decades versus the greenback at 1.0945 for the first time since it was freely floated, on expectations the RBA will increase the rates by 25  basis points during the next meeting to curb inflation.    Australian fundamental paves the way for the Reserve Bank of Australia to increase interest rates after the producer price index … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex News – The Dollar’s Sharp Fall Brought Volatility Posted: 28 Apr 2011 04:06 AM PDT By ForexMansion.com   As the Feds reinforced yesterday the keeping the monetary policy soft for the next few months, the dollar witnessed a sharp fall reaching the lowest in three years against, while commodities were driven higher. Oil climbed to a two-and-a-half hears high $113.68 a barrel despite the sharp rise in crude stockpiles yesterday, while gold rose to a new record high at $1534.35 per ounce dragging the Aussie to a new record territory at 1.0946. The Feds left the benchmark … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Close To16-month High After Bernanke Remarks Posted: 28 Apr 2011 03:49 AM PDT Forex Pros – The euro held gains against the U.S. dollar on Thursday, trading close to a 16-month high after Federal Reserve Chairman Ben Bernanke indicated that the bank would not be tightening monetary policy for some time.<br /><br />EUR/USD hit 1.4882 during European late morning trade, the pair&rsquo;s highest since December 12, 2009; the pair subsequently consolidated at 1.4824, gaining 0.25%.<br /><br />The pair was likely to find support at 1.4631, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – Dollar Close To Record Low Against Swiss Franc After Fed Posted: 28 Apr 2011 03:21 AM PDT Forex Pros – The U.S. dollar was down against the Swiss franc on Thursday, trading within striking distance of Wednesday&rsquo;s all-time low after Federal Reserve Chairman Ben Bernanke indicated that the bank would not tighten policy anytime soon.<br /><br />USD/CHF hit 0.8690 during European late morning trade, the daily low; the pair subsequently consolidated at 0.8723, shedding 0.24%.<br /><br />The pair was likely to find short-term support at 0.8669, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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