Friday, April 15, 2011

DailyMarkets.com - Earnings Preview: Delta Air Lines

DailyMarkets.com - Earnings Preview: Delta Air Lines


Earnings Preview: Delta Air Lines

Posted: 15 Apr 2011 12:05 PM PDT

Delta Air Lines Inc. (NYSE:DAL), the second largest U.S. airline, is slated to release its first quarter 2011 earnings on April 18. The current Zacks Consensus Estimate for the first quarter is 46 cents, representing a substantial decline of 101.98% from the year-ago level.
Delta had negative surprises of 4.04% in the last four quarters of 2010. The first quarter of 2011 is also expected to be dampened by escalating fuel prices, lower capacity as well as the drop in air traffic resulting from the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


FMCG Giants Pay For Playing Foul

Posted: 15 Apr 2011 12:05 PM PDT

European Union has rapped consumer goods giants Procter & Gamble Co (PG) and Unilever Plc. (UL) over the knuckles for allegedly practicing anti-competitive measures in the laundry and detergent segment across Europe. The fine totaling $456.3 million was split 2:1 between Procter & Gamble and Unilever.
The whole allegation stems from the initiative taken by the two retail giants along with Germany based Henkel to reduce the environmental impact of powder detergents. This project was led … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Earnings Preview: Gannett

Posted: 15 Apr 2011 12:05 PM PDT

Gannett Company, Inc. (NYSE:GCI), the publisher of the nation’s largest-selling daily newspaper USA Today, is scheduled to report its first-quarter 2011 financial results on April 18, 2011. The current Zacks Consensus Estimate for the quarter is 42 cents a share. For the quarter under review, revenue is $1,247 million, according to the Zacks Consensus Estimate.
Fourth-Quarter 2010, a Synopsis
Gannett posted better-than-expected fourth-quarter 2010 results, buoyed by effective cost-cutting measures … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Check Point Beats On Product Demand

Posted: 15 Apr 2011 11:35 AM PDT

Check Point Software Technologies Ltd. (NASDAQ:CHKP) posted strong first quarter 2011 results, with adjusted earnings per share of 61 cents surpassing the Zacks Consensus Estimate of 58 cents. The adjusted earnings per share exclude one-time items, but include stock-based compensation expense. Check Point witnessed strong network security product sales across all geographical regions.
Revenue
Check Point reported revenue of $281.3 million in the first quarter, up 14.8% from $245.1 million in the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


HAL-Statoil Strengthen Ties

Posted: 15 Apr 2011 11:35 AM PDT

Leading oilfield service provider  Halliburton (NYSE:HAL)  received a contract from Norwegian oil group Statoil ASA (STO )  to extend integrated drilling and well services in the offshore region of Norway. The deal comes with a duration option of up to eight years with extendable scope and activity.
In phase one, Halliburton will provide directional drilling and logging-while-drilling services, surface data logging, drill bits, hole enlargement and coring services, cementing … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – AUD/USD Up In U.S. Trade

Posted: 15 Apr 2011 11:15 AM PDT

Forex Pros – The Australian Dollar was higher against the U.S. Dollar on Friday.<br/><br/> AUD/USD was trading at 1.0569, up 0.25% at time of writing.<br/><br/> The pair was likely to find support at 1.0391, Tuesday&rsquo;s low, and resistance at 1.0581, Monday&rsquo;s high.<br/><br/> Meanwhile, the Australian Dollar was up against the Euro and down against the Japanese Yen, with EUR/AUD shedding 0.65% to hit 1.3654 and AUD/JPY falling 0.23% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


PX Extends Relations With Usha Martin

Posted: 15 Apr 2011 11:05 AM PDT

Praxair Inc's (NYSE:PX) Indian unit, Praxair India Private Limited was recently awarded a gas supply contract from Usha Martin Limited, the largest Indian wire and wire-rope manufacturer.
Praxair India has long been associated with Usha Martin, supplying the latter with gaseous oxygen via two oxygen plants, having 220 tons per day of production capacity. As per the terms of the new contract, Praxair India will set up a cryogenic air separation unit with a daily production capacity of 130 tons of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Fed Vends $534M Of AIG’s RMBS

Posted: 15 Apr 2011 11:05 AM PDT

The New York Federal Reserve (Fed) reported that it sold American International Group Inc.'s (NYSE:AIG) Maiden Lane II, an investment portfolio containing residential mortgage-backed securities (RMBS) that it had acquired during the height of the financial crisis.
Accordingly, yesterday, Fed sold 8 bonds for $534.1 million, while on Wednesday, Fed had offered 42 bonds but could unload only 37 bonds worth $626.1 million. Earlier last week, AIG had bought 42 bonds from Fed, carrying a face value … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


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

Posted: 15 Apr 2011 10:45 AM PDT

Forex Pros – The New Zealand Dollar was higher against the U.S. Dollar on Friday.<br/><br/> NZD/USD was trading at 0.7982, up 0.56% at time of writing.<br/><br/> The pair was likely to find support at 0.7747, Tuesday&rsquo;s low, and resistance at 0.7988, today&rsquo;s high.<br/><br/> Meanwhile, the New Zealand Dollar was up against the Australian Dollar and the Euro, with AUD/NZD shedding 0.33% to hit 1.3237 and EUR/NZD falling 0.91% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Harris’ Winning Spree Continues

Posted: 15 Apr 2011 10:35 AM PDT

A leading supplier of communications equipment and services, Harris Corp. (NYSE:HRS) recently won a two-year follow-on contract worth $15 million from the U.S. Air Force. As per the agreement, Harris will supply 135 Warhead Replacement Tactical Telemetry Modules (WRTTMs) to the Air Logistics Center at Warner Robins Air Force Base in Georgia. U.S.
The new technology will enable the U.S. Air Force to provide support to Advanced Medium-Range Air-to-Air Missile system (AMRAAM). It will also provide … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Core Inflation Still Tame

Posted: 15 Apr 2011 10:35 AM PDT

The Consumer Price Index (CPI) rose by 0.5% in March, matching its rise in February, and after 0.4% increases in both January and December. While that sounds bad, year over year it is up just 2.7%.

Beneath the Headline Numbers

Looking a little bit deeper, the problem is mostly with energy, and to a lesser extent, food prices. Energy priced surged 3.5% on top of a 3.4% increase in February and a 2.1% rise in January. Overall energy prices are up 15.5% year over year. Actually, the increase is … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


“This Is About QE2…and Traders

Posted: 15 Apr 2011 10:30 AM PDT

04/15/11 DME Securities’ Alan Valdes weighs in on the latest earnings and economic data, and discusses expectations for the upcoming holiday-shortened … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Strong Cubicin Sales Drive Cubist

Posted: 15 Apr 2011 10:05 AM PDT

Cubist Pharmaceuticals Inc.'s (NASDAQ:CBST) first quarter 2011 earnings (excluding special items but including stock-based compensation expense) of 47 cents per share surpassed the year-ago adjusted earnings by 2.2%. On a reported basis, (including special items) the company earned 34 cents per share, flat year over year.
The Zacks Consensus Estimate for the reported quarter was 27 cents per share. Results in the quarter were helped by strong sales of its antibiotic injection, Cubicin … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Dollar Rises On Economic Data

Posted: 15 Apr 2011 05:00 AM PDT

04/15/11 The US dollar rallied against the euro today as positive economic reports out of the US lifted demand for the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – GBP/USD Down In U.S. Trade

Posted: 15 Apr 2011 10:00 AM PDT

Forex Pros – The British Pound was lower against the U.S. Dollar on Friday.<br/><br/> GBP/USD was trading at 1.6314, down 0.23% at time of writing.<br/><br/> The pair was likely to find support at 1.6228, Tuesday&rsquo;s low, and resistance at 1.6426, Monday&rsquo;s high.<br/><br/> Meanwhile, the British Pound was up against the Euro and down against the Japanese Yen, with EUR/GBP shedding 0.09% to hit 0.8852 and GBP/JPY falling 0.59% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Whirlpool & Champion Team Up

Posted: 15 Apr 2011 09:55 AM PDT

Michigan-based appliances maker, Whirlpool Corp. (NYSE:WHR) recently entered into a national buying contract with another Michigan-based company namely Champion Home Builders, Inc., a subsidiary of Champion Enterprises, Inc.  
As per the contract, new housing and modular homes by Champion Home Builders will include appliances of Whirlpool Corporation, particularly kitchen and laundry appliances for a number of life stages.
Champion Enterprises, Inc., together with its subsidiaries, produces … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


European Markets Close Higher; Dax Up 0.44%

Posted: 15 Apr 2011 09:55 AM PDT

Forex Pros – European stocks were up after the closing bell on Friday.<br/><br/> At the close of European trade, Germany&rsquo;s DAX rose 0.44%, London&rsquo;s FTSE 100 gained 0.54%, France&rsquo;s CAC 40 climbed 0.10% and the EURO STOXX 50 was up 0.05%.<br/><br/> Meanwhile, on Wall Street, equity markets were up after the open. The Dow Jones Industrial Average was up 0.63%; the S&P 500 index gained 0.60%, while the Nasdaq 100 index climbed … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/USD Down Toward The End Of European Session

Posted: 15 Apr 2011 09:40 AM PDT

Forex Pros – The Euro was lower against the U.S. Dollar on Friday.<br/><br/> EUR/USD was trading at 1.4444, down 0.30% at time of writing.<br/><br/> The pair was likely to find support at 1.4366, Thursday&rsquo;s low, and resistance at 1.4520, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.09% to hit 0.8852 and EUR/JPY falling 0.71% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Video Game Sales Drop In March

Posted: 15 Apr 2011 09:35 AM PDT

The video game industry witnessed a worse-than-expected decline in the month of March. According to the market research company, NPD Group, the U.S. retail sales of video games dropped 4.0% to $1.53 billion in March 2011 from the year-ago figure of $1.58 billion.
The analysts had projected software sales to decline in the range of 8.0%-10.0%, but the actual figures slipped 16.0% on a yearly basis to $735.4 million from last year's $875.7 million. However, on the positive side, hardware sales … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


CBSH Beats On Lower Cost

Posted: 15 Apr 2011 09:35 AM PDT

Commerce Bancshares Inc. (NASDAQ:CBSH) reported its first quarter 2011 earnings per share of 69 cents, beating the Zacks Consensus Estimate of 66 cents. Though the result compared unfavorably with the prior quarter's earnings of 70 cents, it faired well compared with the year-ago quarter's earnings of 50 cents.
The results benefited from increase in net interest income and lower non-interest expense. The company's credit quality also showed improvement. However, fall in non-interest income … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/JPY Down Toward The End Of European Session

Posted: 15 Apr 2011 09:20 AM PDT

Forex Pros – The U.S. Dollar was lower against the Japanese Yen on Friday.<br/><br/> USD/JPY was trading at 83.20, down 0.35% at time of writing.<br/><br/> The pair was likely to find support at 82.96, Thursday&rsquo;s low, and resistance at 85.14, Monday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.27% to hit 1.4449 and GBP/USD falling 0.15% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


IBM Completes TRIRIGA Acquisition

Posted: 15 Apr 2011 09:05 AM PDT

Information technology (IT) giant, International Business Machines Corp. (IBM) announced that it has completed the acquisition of TRIRIGA, Inc.
Las Vegas, Nevada-based TRIRIGA Inc. is a privately held company that provides real estate management software solutions. Financial terms of the transaction were not disclosed.
TRIRIGA is set to be incorporated into IBM Trivoli software and IBM Global Services.
TRIRIGA's software enables managers to optimize facility utilization for maximizing returns … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Huntington Lowered To Underperform

Posted: 15 Apr 2011 09:05 AM PDT

We have downgraded our recommendation on Huntington Bancshares Inc. (NASDAQ:HBAN) to Underperform from Neutral as we do not expect any substantial improvement in the top line in the first half of 2011 since economic growth is still in its nascent stage.
In January, Huntington reported fourth quarter 2010 profit of 5 cents per share. Results came in below the Zacks Consensus Estimate of 8 cents per share. The results, however, included a one-time reduction of 7 cents per share for the deemed dividend … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Crude Steady On Investor Caution

Posted: 15 Apr 2011 09:00 AM PDT

04/15/11 Front month crude prices remained just under $108 this session as investors tried to figure out if the recent rally has been … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


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

Posted: 15 Apr 2011 09:00 AM PDT

Forex Pros – The Euro was lower against the U.S. Dollar on Friday.<br/><br/> EUR/USD was trading at 1.4441, down 0.32% at time of writing.<br/><br/> The pair was likely to find support at 1.4366, Thursday&rsquo;s low, and resistance at 1.4520, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.14% to hit 0.8848 and EUR/JPY falling 0.75% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – GBP/USD Down Toward The End Of European Session

Posted: 15 Apr 2011 08:55 AM PDT

Forex Pros – The British Pound was lower against the U.S. Dollar on Friday.<br/><br/> GBP/USD was trading at 1.6322, down 0.18% at time of writing.<br/><br/> The pair was likely to find support at 1.6228, Tuesday&rsquo;s low, and resistance at 1.6426, Monday&rsquo;s high.<br/><br/> Meanwhile, the British Pound was up against the Euro and down against the Japanese Yen, with EUR/GBP shedding 0.11% to hit 0.8850 and GBP/JPY falling 0.63% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Mattel Reports In Line

Posted: 15 Apr 2011 08:35 AM PDT

Mattel Inc.(NYSE:MAT) reported first-quarter 2011 earnings of 5 cents per share, in line with the Zacks Consensus Estimate, but missed the prior-year quarter earnings of 7 cents. The year-over-year earnings dropped due higher cost, but the company witnessed strong sales from its brands including Barbie, Hot Wheels and Other Girl Brands.
Quarter Highlights
During the quarter, net sales were $951.9 million, up 8% year over year and also above the Zacks Consensus Estimate of $907 million. Net sales … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/USD Down During The European Session

Posted: 15 Apr 2011 08:30 AM PDT

Forex Pros – The Euro was lower against the U.S. Dollar on Friday.<br/><br/> EUR/USD was trading at 1.4444, down 0.30% at time of writing.<br/><br/> The pair was likely to find support at 1.4366, Thursday&rsquo;s low, and resistance at 1.4520, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.12% to hit 0.8849 and EUR/JPY falling 0.71% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Earnings Preview: Abbott Labs

Posted: 15 Apr 2011 08:25 AM PDT

Abbott Laboratories (NYSE:ABT) is all set to announce its first quarter 2011 results on April 20, 2011 before the opening bell. The Zacks Consensus Estimate for the first quarter of 2011 is $0.90, representing a year-over-year increase of 11.1%. Abbott Labs has surpassed earnings estimates consistently in the last four quarters with a trailing four-quarter average of 1.0%.
Fourth Quarter 2010 Recap
Abbott Laboratories reported fourth quarter earnings of $1.30 per share, a penny above the Zacks … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Xerox Buys United Business Solutions

Posted: 15 Apr 2011 08:25 AM PDT

Xerox Corp. (NYSE:XRX) recently announced that its wholly owned subsidiary, Global Imaging Systems (GIS) has recently acquired Illinois-based United Business Solutions to strengthen its distribution network in the domestic market.
Established in 1982, United Business Solutions LLC was an independent dealer and distributor of copiers, printers and multifunction systems prior to the Xerox acquisition. The company offers document management and software solutions to thousands of organizations in the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Swiss Franc: Under Pressure

Posted: 15 Apr 2011 08:19 AM PDT

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


Canadian Dollar: The Downside Prevails

Posted: 15 Apr 2011 08:19 AM PDT

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


Japanese Yen: Caution

Posted: 15 Apr 2011 08:19 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: 15 Apr 2011 08:19 AM PDT

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


Australian Dollar: Under Pressure

Posted: 15 Apr 2011 08:18 AM PDT

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


Word From The Floor: Wall Street Ekes Out Gain At Open

Posted: 15 Apr 2011 08:08 AM PDT

04/15/11 The major US stock averages traded mixed, following mostly better-than-expected data and weakness in earnings from … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex Trading: EURUSD Battles As London/EUROPE Look To Exit

Posted: 15 Apr 2011 08:06 AM PDT

Textron Gets Army Contract

Posted: 15 Apr 2011 08:05 AM PDT

Textron Marine & Land Systems, an operating unit of Textron Systems, a Textron Inc. (NYSE:TXT) company, has received a $64.3 million firm-fixed-price contract award from the U.S. Army Tank-automotive and Armaments Command (TACOM). Per the contract the company will deliver 37 M1117 Armored Security Vehicles (ASV) and 51 M1200 Armored Knight vehicles. Work on the contract will be performed at Textron's facility in New Orleans and is expected to finish by the end of fiscal 2012.
Textron Systems … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex Trading: GBPUSD Tests Key Support At 100 And 200 Hour MA

Posted: 15 Apr 2011 07:57 AM PDT

20 Signs That A Global Food Crisis Is Coming

Posted: 15 Apr 2011 07:55 AM PDT

In case you haven’t noticed, the world is on the verge of a horrific global food crisis. At some point, this crisis will affect you and your family. It may not be today, and it may not be tomorrow, but it is going to happen. Crazy weather and horrifying natural disasters have played havoc with agricultural production in many areas of the globe over the past couple of years. Meanwhile, the price of oil has begun to skyrocket. The entire global economy is predicated on the ability to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Financial Stress Index Back To Oct. 2007 Level

Posted: 15 Apr 2011 07:43 AM PDT

The St. Louis Federal Reserve updated its Financial Stress Index yesterday for the week ending April 8, see chart above (data here).  This index measure of the amount of financial stress affecting the markets (explanation here) based on 18 individual variables including seven different interest rates, six interest rate yield spreads, and five measures of market volatility.  According to the St. Louis Fed, each of the 18 component variables in the Financial Stress Index captures some … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Gold & Silver Continue To Touch Record Highs

Posted: 15 Apr 2011 02:40 AM PDT

04/15/11 Gold prices jumped to another record high Friday and silver continued to rise on a dollar decline and Chinese inflation … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – GBP/JPY Down In European Trading Hours

Posted: 15 Apr 2011 07:40 AM PDT

Forex Pros – The British Pound was lower against the Japanese Yen on Friday.<br/><br/> GBP/JPY was trading at 135.67, down 0.62% at time of writing.<br/><br/> The pair was likely to find support at 135.30, Thursday&rsquo;s low, and resistance at 139.56, Monday&rsquo;s high.<br/><br/> Meanwhile, the British Pound was down against the U.S. Dollar and up against the Euro, with GBP/USD shedding 0.15% to hit 1.6326 and EUR/GBP falling 0.36% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


GBP/JPY Weekly Outlook – Impulse Wave Development Targets 145-146

Posted: 15 Apr 2011 07:38 AM PDT

Structure of GBP/JPY's Correction Suggests More to Come…(4/12)
GBP/JPY
Short-term- GBP/JPY is consolidating within a correction decline. The Japanese yen, which has been weak since the G7 intervention to sell it, has consolidated across the board, and just like the USD/JPY, the GBP/JPY in the 4H chart shows 50% retracement. Price action is also similarly closing in on the 200SMA.
- A slingshot scenario can be anticipated after GBP/JPY finishes wave (3) of wave 4.
- wave 4 should respect … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


3 Top Themes This Week: Sovereign Debt Worries, Higher Global Inflation, USD Weakness

Posted: 15 Apr 2011 07:23 AM PDT

Three Top Themes This Week:
1. Sovereign Debt Re-emerges as a Story
Set off by German Finance Minister's comments in a German newspaper, the threat of Greek restructuring pressured the EUR in this week's session, though not to the point that we gave up the strong gains of the last few weeks.

That Greece's debt load is unsustainable has been a badly kept secret.
Denied by EU and Greek officials.
Haircuts could amount to 40-70%, with figures by Bloomberg and others.
Haircuts have the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


CPI Inflation Report And A 25-Year Perspective

Posted: 15 Apr 2011 07:05 AM PDT

The BLS released its Consumer Price Index report for March, with the following highlights:

1.The Consumer Price Index for All Urban Consumers increased 0.5 percent in March on a seasonally adjusted basis. Over the last 12 months, the all items index increased 2.7 percent.

2. The index for all items less food and energy rose 0.1 percent in March, a smaller increase than in the previous two months. The index for all items less food and energy has increased 1.2 percent over the last 12 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


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