Thursday, April 21, 2011

DailyMarkets.com - CSX Demonstrates Strong Growth

DailyMarkets.com - CSX Demonstrates Strong Growth

CSX Demonstrates Strong Growth

Posted: 21 Apr 2011 09:55 AM PDT

CSX Corporation (NYSE:CSX), the second-largest U.S. railroad, reported its first quarter 2011 earnings of $1.06 per share surpassing the Zacks Consensus Estimate of $1.04 and the year-ago earnings of 78 cents. Earnings per share shot up 36% year over year on solid growth across all segments despite a steep rise in fuel cost.   
Revenue climbed 13% year over year to $2.8 billion in the reported quarter, and scaled past the Zacks Consensus Estimate of $2.7 billion on 7% volume growth. Most … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Sprint Settles Clearwire Dispute

Posted: 21 Apr 2011 09:35 AM PDT

Sprint Nextel Corp. (NYSE:S), the third-largest U.S. wireless carrier, has finally settled its wholesale pricing dispute with Clearwire Corp. (NASDAQ:CLWR). The company has agreed to pay Clearwire at least $1 billion over the next two years.
Sprint will pay $300 million in 2011 and $550 million in 2012, and make prepayments of $175 million to Clearwire for its 4G services over the next two years. Sprint Nextel owns a hefty 54% stake in Clearwire and offers speedy data services to customers via 4G WiMax … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

SunTrust Surpasses Again

Posted: 21 Apr 2011 09:35 AM PDT

SunTrust Banks Inc.'s (NYSE:STI) first quarter earnings came in at 22 cents per share, way ahead of the Zacks Consensus Estimate of 13 cents. This represents SunTrust's third straight quarter of profit after incurring significant losses since mid-2008. Earnings were also substantially better than the loss of 46 cents in the year-ago quarter.
Results for the reported quarter leave out 14 cents per share non-cash charge related to the redemption of the TARP preferred shares. Considering this … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Preview: Rent-A-Center

Posted: 21 Apr 2011 09:35 AM PDT

Rent-A-Center Inc. (NASDAQ:RCII), one of the largest rent-to-own operators in the U.S., is scheduled to report its first-quarter 2011 financial results after the bell on Monday, April 25, 2011. The current Zacks Consensus Estimate for the quarter is 85 cents a share. For the quarter under review, revenue is $753 million, according to the Zacks Consensus Estimate.
Fourth-Quarter 2010, a Synopsis
On January 31, 2011, Rent-A-Center delivered better-than-expected fourth-quarter 2010 results. The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Initial Claims Fall Less Than Expected

Posted: 21 Apr 2011 09:35 AM PDT

Initial Claims for Unemployment Insurance fell by 23,000 last week to 403,000. However, last week was revised up by 4,000, so one could see it as a decline of 9,000. This was worse than the expected level of 390,000.
The trend in initial claims is downward, although there have been some bumps along the way. The weekly numbers, after an erratic few months, seem to have broken decisively to the downside. Last week was a big bump, and this week only partially repairs the damage.
Let us hope the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Yum! Reports A Mixed Bag

Posted: 21 Apr 2011 09:05 AM PDT

Yum! Brands Inc. (NYSE:YUM) reported first quarter 2011 adjusted earnings of 63 cents per share, which fell short of the Zacks Consensus Estimate by a penny. Earnings increased 7% year over year mainly on the back of strong performance at its China division. On a reported basis, Yum! Brands' quarterly earnings were 54 cents per share, up 10% year over year.
The company reported a 3% year-over-year increase in total revenue to $2,425 million which handily beat the Zacks Consensus Estimate of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Apple Fires All Cylinders In 2Q

Posted: 21 Apr 2011 09:05 AM PDT

Apple Inc. (NASDAQ:AAPL) continued its bullish run with better-than-expected second quarter fiscal 2011 results.

AAPL breezed past the Zacks Consensus Estimate of $5.34 by $1.06 (19.9%) in the quarter. Results were fueled by strong iPhone sales, record Mac sales and increased iPad sales, as unit shipments remained robust.
The outlook for Mac, iPad and iPhone 4 remains extremely strong, backed by demand in domestic and international markets, boding well for Apple’s revenues and earnings.

Operating … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

CSIQ To Power Fire Energy

Posted: 21 Apr 2011 09:05 AM PDT

Canadian Solar Incorporation (NASDAQ:CSIQ) has announced its agreement with Fire Energy Group to supply 100 megawatts (MW) of solar modules, which will be delivered through 2011. The companies have agreed to adjust the prices of solar modules in every quarter.
Under this agreement Canadian Solar will supply a mix of its 60-cell CS6P and the CS6V large-format modules to be used in a variety of rooftop and ground-mounted applications of Fire Energy Group. This new agreement will extend and strengthen … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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

Posted: 21 Apr 2011 09:00 AM PDT

Forex Pros – The Euro was higher against the U.S. Dollar on Thursday.<br/><br/> EUR/USD was trading at 1.4583, up 0.42% at time of writing.<br/><br/> The pair was likely to find support at 1.4157, Monday&rsquo;s low, and resistance at 1.4648, today&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.55% to hit 0.8802 and EUR/JPY falling 0.50% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Look At These ETF Charts SLV ZSL Before Calling A Top In Silver

Posted: 21 Apr 2011 08:40 AM PDT

Are you trying to call a top in silver?
You're not alone – I've been picking up on a lot of chatter in the blog (and email) world about traders and analysts trying to call that proverbial "top" in Silver "any day now."
Before you can't fight the temptation any longer, at least take a look at these four charts – Two Daily and Two Weekly – of major Silver ETFs SLV (bullish) and ZSL (ultra-bearish).
Let's start with SLV Weekly for our reference:

In this post, I'll … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Winter Dampens Monarch 1Q

Posted: 21 Apr 2011 08:35 AM PDT

Monarch Casino & Resort Inc. (NASDAQ:MCRI) reported first-quarter 2011 earnings of nine cents per share; shy of the Zacks Consensus Estimate of 15 cents and unchanged from the year-earlier earnings.
Net revenue declined 3.2% year over year to $33.3 million and lagged the Zacks Consensus Estimate of $35.0 million. The underperformance was primarily due to a severe winter and high snowfall in the Sierra Nevada mountain range.
Additionally, tough comparisons also remained another cause for concern. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Crude Rallies Above $112

Posted: 21 Apr 2011 08:30 AM PDT

04/21/11 Front month crude prices continued to rally today, trading above $112 a barrel, this on a weaker dollar and yesterdays unexpected decline in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Hot Commodities Boot Aussie

Posted: 21 Apr 2011 08:18 AM PDT

Today’s Idea
Australian Dollar fundamentals remain very strong at the present time. The currency has benefited from its own economic growth, positive interest rates and the shortcomings of other industrialized currencies. Technically, the Aussie has broken out to new highs, a sign that the rally may continue. Because the currency is in uncharted territory, picking an upside objective may be difficult. For this reason, some traders may wish to sell a May Aussie 1.04 put for a premium of 0.0035, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Union Pacific Reported Mixed 1Q11

Posted: 21 Apr 2011 08:05 AM PDT

The U.S. railroad giant  Union Pacific Corp. (NYSE:UNP) reported mixed results for the first quarter of 2011. Quarterly net income was $639 million or $1.29 per share compared with a net income of $516 million or $1.01 per share in the year-ago quarter. However, first-quarter 2011 EPS of $1.29 was below the Zacks Consensus Estimate of $1.31. This was primarily attributable to 33% rise in diesel fuel prices year over year.
Total operating revenue, in the first quarter of 2011, was $4,490 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Morgan Stanley Tops, Profits Plunge

Posted: 21 Apr 2011 08:05 AM PDT

Morgan Stanley's (NYSE:MS) first quarter 2011 adjusted earnings from continuing operationscame in at 46 cents per share, way ahead of the Zacks Consensus Estimate of 35 cents. This represents Morgan Stanley's seventh consecutive quarter of income from continuing operations, post economic crisis. However, results compare unfavorably with earnings from continuing operations of $1.03 in the year-ago quarter.
Earnings for the reported quarter leave out a loss of 26 cents per share (after tax) … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

People’s United Outpaces Estimates

Posted: 21 Apr 2011 08:05 AM PDT

Regional bank  People’s United Financial Inc. (NASDAQ:PBCT) announced its first-quarter 2011 operating earnings per share of 15 cents, outpacing the Zacks Consensus Estimate of 12 cents per share. Moreover, earnings compared favorably with 10 cents per share reported in the prior quarter and 8 cents per share in the prior-year quarter.
Operating income reported was $53.8 million compared with $36.7 million in the prior quarter and $29.2 million in the prior-year quarter. Including pre-tax … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Word From The Floor: Dow Hits Multiyear High At Open

Posted: 21 Apr 2011 08:03 AM PDT

04/21/11 The major US stock averages posted modest gains at the open, on the latest earnings reports. Economic data weighed on overall … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: USDCHF Finds A Floor

Posted: 21 Apr 2011 08:00 AM PDT

The USDCHF found its limit to the downside (40 year lows for the pair) and started a rebound. The price has moved higher and on the hourly chart above targets the 0.8846 level and the 0.8867 level. ON the 5 minute chart, the 100 bar MA at 0.8820 and the 38.2% of the recent move to the downside is being tested currently. A break above this level would be another positive for the pair. A failure and the downside bias remains. Key test … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – Dollar Remains Broadly Lower After Weak U.S. Data

Posted: 21 Apr 2011 07:58 AM PDT

Forex Pros – The U.S. dollar remained broadly against its major counterparts on Thursday, after some weaker-than-expected U.S. data and a magnitude 6.1 aftershock close to Tokyo dented risk appetite.<br /><br />During U.S. morning trade, the greenback was down against the euro, with EUR/USD rising 0.29% to hit 1.4564.<br /><br />Earlier in the day, the Ifo Institute said it&rsquo;s business climate index for Germany slipped to 110.4 in April from a reading of 111.1 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: EURUSD Correction Lower Stalls

Posted: 21 Apr 2011 07:52 AM PDT

The EURUSD's correction lower was triggered on the break of the trendline earlier today. The 100 bar MA, the 200 bar MA, the channel trendlines were the guides.  Although action was choppy, the bearish clues dominated mostly.  Now watch the channel.  Watch the 200 bar MA on the topside (green line in the chart above).  However, remember tomorrow will be a holiday for a lot of the market. This could lead to some squaring as London and Europe go home. It could also mean … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

AUD/NZD After Completing A 3-Swing Correction To 1.32

Posted: 21 Apr 2011 07:50 AM PDT

AUD/NZD's Failed Rebound Ushers in Bearish Continuation; Next Target is 1.32 (4/12)
AUD/NZD
Medium Term Outlook- The AUD/NZD declined after the failed rebound from near 1.3350. This 3rd swing downwards hit 1.32 as anticipated, right above the 61.8% retracement level, and rebounded. So far price action shows a promising v-shape reversal, but the strength is still contained in the declining channel seen in the daily chart.
- If broken this channel would be considered a flag pattern, and a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Profits Are Smoking For Phillip Morris

Posted: 21 Apr 2011 02:50 AM PDT

04/21/11 After selling more cigarettes at higher prices, global cigarette producer Phillip Morris International Inc. posted a 13% rise in 1Q net … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Pares Gains After Worse-than-expected U.S. Data

Posted: 21 Apr 2011 07:46 AM PDT

Forex Pros – The pound pared gains against the U.S. dollar on Thursday, easing off a 16-month high after a raft of weaker-than-expected U.S. data and a magnitude 6.1 aftershock was reported close to Tokyo.<br /><br />GBP/USD hit 1.6599 during U.S. morning trade, the pair&rsquo;s highest since December 4, 2009; the pair subsequently consolidated at 1.6562, advancing 0.87%.<br /><br />Cable was likely to find support at 1.6306, Wednesday&rsquo;s low and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Trims Gains After U.S. Data, Japan Quake

Posted: 21 Apr 2011 07:35 AM PDT

Forex Pros – The euro trimmed gains against the U.S. dollar on Thursday, but remained close to a 16-month high, after a flurry of weaker-than-expected U.S. data and a magnitude 6.1 aftershock was reported close to Tokyo.<br /><br />EUR/USD hit 1.4648 during U.S. morning trade, the pair&rsquo;s highest since December 15, 2009; the pair subsequently consolidated at 1.4523, gaining 0.29%.<br /><br />The pair was likely to find support at 1.4327, Wednesday&rsquo;s … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Morning News Notes: 4.21.11

Posted: 21 Apr 2011 06:33 AM PDT

The morning news notes as prepared by TL…initial jobless claims, GE earnings, FITB earnings, S&P’s negative US outlook, Spanish debt auction, and Libyan oil sales.

 
 ”Morning News Notes: April 21, 2011″

click … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

China Foods Raises New Cash To Fund Expansion

Posted: 21 Apr 2011 01:26 AM PDT

China Food (LON:CFC) , the AIM quoted Chinese manufacturer of cooking and dipping sauces, has raised £2.7 million in a share placing priced at 53 pence per share. The funds have been earmarked to fund the supply of additional fermentation silos and pay for the marketing of the company's new premium Xaka soy sauce range, as well as to help drive additional growth. The China Foods share price fell back by 2.5% to 57.5p early on.

John McLean, China Foods' non-executive chairman, said: "The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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