Wednesday, April 27, 2011

DailyMarkets.com - Forex – EUR/USD Up In Asian Trade

DailyMarkets.com - Forex – EUR/USD Up In Asian Trade

Forex – EUR/USD Up In Asian Trade

Posted: 27 Apr 2011 05:05 PM PDT

Forex Pros – The Euro was higher against the U.S. Dollar on Thursday.<br/><br/> EUR/USD was trading at 1.4796, up 0.06% at time of writing.<br/><br/> The pair was likely to find support at 1.4494, Tuesday&rsquo;s low, and resistance at 1.4797, today&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.07% to hit 0.8886 and EUR/JPY falling 0.02% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Total System Goes Flat, Budget Tight

Posted: 27 Apr 2011 04:35 PM PDT

Total System Services Inc. (NYSE:TSS) reported first quarter operating net income of $48.8 million or 25 cents per share against $51.8 million or 26 cents per share in the year-ago quarter. However, earnings per share were in line with the Zacks Consensus Estimate.
Results reflect continued weakness in North America services and higher-than-expected cost of services and selling, general and administrative (SG&A) expenses that also led to the decline in earnings. These were partially offset by … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Thermo Fisher Beats, Ups Guidance

Posted: 27 Apr 2011 04:35 PM PDT

Thermo Fisher Scientific (NYSE:TMO) reported an EPS of 64 cents in the first quarter of fiscal 2011 compared to 56 cents in the year-ago period. However, after adjusting for certain one-time items, the EPS was 92 cents, surpassing the Zacks Consensus Estimate of 88 cents and  earnings of 82 cents in the first quarter of 2010 by 12%.
The company's revenue of $2.72 billion during the quarter marginally beat the Zacks Consensus Estimate of $2.71 billion and was 4% higher than $2.63 billion in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Sold GPL – $3.62 Miners And The Dollar

Posted: 27 Apr 2011 04:15 PM PDT

Wow, what a day! I don’t know whether I should laugh or cry. 

Traders interpreted Ben’s appearance today as suggesting there is no end in sight to the money printing machine. 

But tomorrow is a new day. We’ll see if investor’s perception holds longer than this afternoon’s very emotional reaction that sent gold to new all-time highs ($1,530.70), silver to a new closing high ($47.81) and the US Dollar to new lows not seen since August of 2008 ($73.31).

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

Forex – USD/JPY Up During Asian Trade

Posted: 27 Apr 2011 04:15 PM PDT

Forex Pros – The U.S. Dollar was higher against the Japanese Yen on Wednesday.<br/><br/> USD/JPY was trading at 82.27, up 0.16% at time of writing.<br/><br/> The pair was likely to find support at 81.27, Tuesday&rsquo;s low, and resistance at 82.78, today&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was up against the Euro and down against the British Pound, with EUR/USD shedding 0.05% to hit 1.4780 and GBP/USD rising 0.02% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Fitch Lifts AIG Life

Posted: 27 Apr 2011 04:04 PM PDT

On Monday, Fitch Ratings agency raised the insurer financial strength ratings (FSR) of American International Group Inc.'s (NYSE:AIG) life insurance unit, SunAmerica Financial Group, based on improved financial outlook and healthy capital re-establishment.
Accordingly, the rating agency upgraded the FSR for SunAmerica to "A" from "A-", reflecting a stable outlook. While the worst is now behind AIG, the operating performance of SunAmerica improved substantially given the reduction in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Equinix Completes ALOG Buyout

Posted: 27 Apr 2011 04:03 PM PDT

The leading global data center service provider Equinix Inc. (NASDAQ:EQIX) and private equity firm Riverwood Capital have completed the acquisition of a 90% stake in ALOG Data Centers of Brazil S.A. announced in February.
The transaction will cost Equinix approximately $127.0 million in cash. Under the terms of the deal, Equinix will retain the controlling interest in ALOG, with Riverwood getting a minority stake.
Of the total contribution, Equinix has already paid $83.0 million, of which $68.0 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Rockwell Tops, Ups Guidance

Posted: 27 Apr 2011 04:03 PM PDT

Rockwell Automation Inc. (NYSE:ROK) reported second quarter results registering an EPS increase of 48% to $1.14 from 77 cents in the year-earlier quarter, beating the Zacks Estimate of $1.12.
Total revenue as reported by the company amounted to $1,464.1 million versus $1,164.5 million in the year-ago quarter, moving ahead of the Zacks Estimate of $1,405 million. The currency translation contributed 2% to the revenue increase.
Cost and Margins
Cost of sales as reported by the company increased … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Nabors Scrapes Through 1Q

Posted: 27 Apr 2011 04:03 PM PDT

North America's largest onshore oil and natural gas driller Nabors Industries Ltd (NYSE:NBR) reported marginally better-than-expected first quarter results on the back of strong North American onshore activity levels.
Earnings per share from continuing operations (excluding 6 cents in unusual costs and lost income) came in at 35 cents, a penny above the Zacks Consensus Estimate and were comfortably ahead of the year-ago adjusted profit of 23 cents. Revenues of $1.4 billion surpassed the Zacks … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Life Meets EPS, Misses Revs

Posted: 27 Apr 2011 04:03 PM PDT

Life Technologies Corporation (LIFE) reported an EPS of 50 cents in the first quarter of 2011 compared to 48 cents in the year-ago period. However, after adjusting for certain one-time items, the EPS was 85 cents, in line with the Zacks Consensus Estimate,but down 2.3% compared to 87 cents in the year-ago quarter.
Revenues increased 1% year over year to $897 million, missing the Zacks Consensus Estimate of $920 million. While foreign exchange movement had a negative impact of 1 point, prior … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Starbucks Soars To No. 3 US Restaurant Chain

Posted: 27 Apr 2011 03:55 PM PDT

04/27/11 Starbucks is the third largest restaurant chain in the US. Subway and Starbucks beat Burger King and Wendy’s in the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Questar Delivers A Mixed Bag

Posted: 27 Apr 2011 03:35 PM PDT

Natural gas-focused energy company, Questar Corp. (NYSE:STR) reported mixed first quarter 2011 results, reflecting strong performances by most of the business units, partially offset by higher operating costs.
Earnings per share came in at 39 cents, failing to meet both the Zacks Consensus Estimate and prior-year quarter result of 41 cents.
Total revenue came in at $470 million, up 13.4% from the year-ago level of $414.6 million and ahead of the Zacks Consensus Estimate of $385 million. The result … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

SCANA Beats By A Whisker

Posted: 27 Apr 2011 03:35 PM PDT

Natural gas and electric company SCANA Corporation (NYSE:SCG) reported first quarter 2011 earnings of $1.00 per share, beating the Zacks Consensus Estimate by just a penny. The marginally better results were driven by improved electric margins on base rate hikes.
However, compared to the first quarter of 2010, SCANA's earnings per share fell 2.0% (from $1.02 to $1.00) due to warmer temperatures in Georgia and a natural-gas rate cut that took effect in November.
Operating revenue, at $1,281.0 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Iconix Beats, Raises Guidance

Posted: 27 Apr 2011 03:35 PM PDT

Iconix Brand Group Inc. (NASDAQ:ICON), a brand management company, delivered first quarter 2011 results.
New York-based Iconix's earnings soared 25.0% in the quarter to 45 cents a share from 36 cents a share in the year-ago period, demonstrating steady organic strength across its portfolio of brands as well as strong margins. Earnings also surpassed the Zacks Consensus Estimate of 41 cents.
On a reported basis, including one-time items, earnings came in at 42 cents a share versus 33 cents … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – NZD/USD Down In Asian Trade

Posted: 27 Apr 2011 03:35 PM PDT

Forex Pros – The New Zealand Dollar was lower against the U.S. Dollar on Wednesday.<br/><br/> NZD/USD was trading at 0.8029, down 0.63% at time of writing.<br/><br/> The pair was likely to find support at 0.7975, Monday&rsquo;s low, and resistance at 0.8107, today&rsquo;s high.<br/><br/> Meanwhile, the New Zealand Dollar was down against the Australian Dollar and the Euro, with AUD/NZD gaining 0.54% to hit 1.3525 and EUR/NZD rising 0.56% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

The Day Ahead: Earnings – Dow Chemical, Exxon Mobil, Microsoft, PepsiCo, P&G, Pulte Group, Raytheon, Royal Dutch Shell; US Q1 2011 GDP

Posted: 27 Apr 2011 10:20 AM PDT

04/27/11 The stories, data, and stocks that may have the greatest impact during the next trading … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Hot Option Plays: Big Ben Speaks

Posted: 27 Apr 2011 03:18 PM PDT

Cusick’s Corner
The bulls got what they wanted and the market made a run to the upside. If you are not long, you are wrong. We can debate the issue of policies and how they are affecting the future of inflation and growth, but the rally is real and the market breadth is large. To gauge this current rally (weed through all the data and rhetoric), watch the commodities — Ags, Base Metals, Oil, Gold and if the pressures in this market does not recede then these prices will start to impact the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Gasoline Taxes Vs. Exxon Profit, Per Gallon

Posted: 27 Apr 2011 03:10 PM PDT

The map above from API shows gasoline taxes by state (combined local, state and federal), which range from a low of 26.4 cents per gallon in Alaska to a high of of 66.1 cents per gallon in California, averaging 48.1 cents per gallon across all states.  How does that compare to oil company industry profits per gallon?

According to this post on Exxon Mobil’s Perspective Blog , “For every gallon of gasoline, diesel or finished products we manufactured and sold in the United States in the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Snapple Beats Top, Bottom Lines

Posted: 27 Apr 2011 03:06 PM PDT

Dr Pepper Snapple Group Inc. (NYSE:DPS) reported first-quarter 2011 earnings of 50 cents per share, compared with 40 cents in the year-ago period. Quarterly earnings also topped the Zacks Consensus Estimate of 46 cents.
During the quarter, Dr Pepper’s net sales grew 7.0% year over year to $1,331.0 million, surpassing the Zacks Consensus Estimate of $1,308.0 million. The year-on-year growth was mainly attributable to higher sales volume, low single-digit price increases, favorable foreign currency … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

NOV Misses By A Penny

Posted: 27 Apr 2011 03:06 PM PDT

Oilfield service company National-Oilwell Varco (NYSE:NOV) reported mixed first quarter 2011 results, based on robust oilfield activity along with strong orders and backlog, partially offset by lower operating profit.
Earnings per share came in at $1.00, which missed the Zacks Consensus Estimate by a penny. The year-over-year decline was by a marginal 1%.
Quarterly revenue of $3.15 billion was 3.8% higher than the year-ago quarter's result and 0.4% ahead of our projection.
Segmental … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Praxair Results Surpass Estimate

Posted: 27 Apr 2011 03:06 PM PDT

Praxair Inc. (NYSE:PX) reported encouraging first quarter 2011 financial results. The company reported adjusted earnings per share of $1.29 for the quarter, above the Zacks Consensus Estimate of $1.27 and up 18% year over year. The results also surpassed management's guidance range of $1.23-$1.28.
Revenue
Total revenue in the quarter was $2,702 million, up 11% year over year. Increased revenue was driven by an increased volume, as sales boosted in all geographical operating areas mainly in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Lexmark Misses, Guides Weak 2Q

Posted: 27 Apr 2011 03:06 PM PDT

Lexmark International Inc. (NYSE:LXK) posted first quarter 2011 earnings per share of $1.14, missing the Zacks Consensus Estimate of $1.24 and its own guidance range of $1.18-$1.28. The results disappointed due to lower revenue, with operating expenses retaining the growth pattern.
Revenue
Lexmark's first quarter revenue of $1.03 billion decreased 0.8% from $1.04 billion in the year-ago quarter and marginally missed the Zacks Consensus Estimate of $1.05 billion. The decline was due to lower … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

ADS Buys Aspen Marketing

Posted: 27 Apr 2011 02:31 PM PDT

Alliance Data Systems Corporation (NYSE:ADS) has agreed to acquire Aspen Marketing Services. Alliance Data will pay $345 million plus a working capital adjustment as purchase consideration. The acquisition is expected to close in the second quarter, subject to regulatory approvals and closing conditions.
Aspen Marketing Services is the largest privately held marketing services agency in the United States, providing a full range of digital and direct marketing services, and advanced analytics to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

On Bernanke’s Press Conference

Posted: 27 Apr 2011 02:31 PM PDT

I just finished watching Ben Bernanke's press conference. I don't think there was a lot of news in it. However, some impressions I had before were confirmed.

First and foremost, the bar to starting another round of quantitative easing is quite high, and thus it is unlikely to happen. Second, Bernanke views the unemployment problem as more serious than the inflation problem. That, however, is a bit of a contradiction to the first part. Seems sort of like a “diminishing returns”-type … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Penn Virginia Ahead Of Estimates

Posted: 27 Apr 2011 02:31 PM PDT

Penn Virginia Resource Partners L.P. (NYSE:PVR) reported first quarter adjusted earnings of 48 cents per unit, outperforming the Zacks Consensus Estimate by 12 cents. However, adjusted earnings in the quarter was short of 53 cents earned in the year-ago quarter.
GAAP earnings of Penn Virginia Resource for the first quarter of 2010 were 17 cents per unit compared with 22 cents recorded in the year-ago period. GAAP earnings in the quarter included non-cash derivative charges for the period.
Total … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Closing Bell Market Monitor: BA, COP, JNJ, EBAY

Posted: 27 Apr 2011 02:30 PM PDT

Mixed Results For MeadWestvaco

Posted: 27 Apr 2011 02:09 PM PDT

MeadWestvaco Corporation (NYSE:MWV) delivered adjusted EPS of 43 cents in its first quarter of 2011, significantly beating the Zacks Consensus Estimate of 23 cents per share and more than three times the EPS of 13 cents in the prior-year quarter.
Adjusted EPS in the first quarter excluded some special items. Adjusting for these items, EPS in the quarter was 41 cents, a robust increase from 17 cents in the year-earlier quarter. 
The company delivered net sales of $1,365 million surpassing … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Southern Co. Reports In Line

Posted: 27 Apr 2011 02:08 PM PDT

Electric utility firm Southern Co. (NYSE:SO) reported first quarter 2011 earnings per share of 50 cents, same as the Zacks Consensus Estimate. The in-line results reflect the positive effects of robust industrial sector growth and regulatory actions in Georgia, which were offset by warmer weather conditions, the scheduled expiration of a long-term contract, and increased operations and maintenance expenses.
However, relative to the year-ago period, Southern's earnings per share fell 16.7% (from … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

RenaissanceRe Posts Losses

Posted: 27 Apr 2011 02:08 PM PDT

RenaissanceRe Holdings Ltd. (NYSE:RNR) reported its first-quarter loss from continuing operations of $242.9 million or $4.59 per share, lower than the Zacks Consensus Estimate of a loss of $4.94. However, the company reported favorable earnings of $116.5 million or $1.91 per share in the year-ago quarter.
The negative impact in the quarter was attributable to the Australian Flooding in January, the New Zealand Earthquake in February and the Tohoku Earthquake in March. Besides the number of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Thursday’s Stocks To Watch And Trading Ideas

Posted: 27 Apr 2011 02:06 PM PDT

   ( click to enlarge )

I’m back from my Easter vacations and willing to keep blogging for your reading. It was really a great time to unwind some of the pressure of markets and hope you all understand.

During today’s trading session I was scanning some charts and I stumbled upon Vonage Holdings Corp. (NYSE:VG), whose stock has shown remarkable strength over the last 4 months. The stock made a new 52 week high this morning, but the bulls could not sustain the breakout and price … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Up At The End Of U.S. Session

Posted: 27 Apr 2011 01:55 PM PDT

Forex Pros – The Euro was higher against the U.S. Dollar on Wednesday.<br/><br/> EUR/USD was trading at 1.4786, up 0.97% at time of writing.<br/><br/> The pair was likely to find support at 1.4494, Tuesday&rsquo;s low, and resistance at 1.4795, today&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.06% to hit 0.8892 and EUR/JPY rising 1.68% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Hess Lags Top And Bottom Lines

Posted: 27 Apr 2011 01:42 PM PDT

Integrated oil company Hess Corp. (NYSE:HES) reported adjusted first quarter 2011 earnings of $1.83 per share (excluding the one-time items), which fell short of the Zacks Consensus Estimate of $1.85, but improved significantly from $1.49 earned in the year-earlier quarter.
Total revenue jumped 14% year over year to $10,515 million in the quarter, but missed the Zacks Consensus Estimate of $11,316 million.
Operational Performance
Exploration and Production (E&P): The segment posted $979 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/JPY Up Toward The End Of U.S. Session

Posted: 27 Apr 2011 01:40 PM PDT

Forex Pros – The U.S. Dollar was higher against the Japanese Yen on Wednesday.<br/><br/> USD/JPY was trading at 82.11, up 0.68% at time of writing.<br/><br/> The pair was likely to find support at 81.27, Tuesday&rsquo;s low, and resistance at 82.78, today&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.94% to hit 1.4782 and GBP/USD rising 0.91% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Invesco Misses By A Penny

Posted: 27 Apr 2011 01:37 PM PDT

Invesco Ltd. (NYSE:IVZ) reported first quarter operating earnings of 41 cents per share missing the Zacks Consensus Estimate by a penny. However, the results compare favorably with earnings of 27 cents in the prior-year quarter.
On a GAAP basis, earnings came in at 38 cents per share compared with 37 cents in the prior quarter and 21 cents in the year-ago quarter. GAAP results for the reported quarter included $24.2 million of transaction and integration charges.
Invesco's earnings soared over … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Allegheny 1Q Beats Consensus

Posted: 27 Apr 2011 01:37 PM PDT

Allegheny Technologies Inc. (NYSE:ATI) earned $56.3 million, or 54 cents per share, in the first quarter of 2011, surpassing the Zacks Consensus Estimate of 49 cents and last year’s $18.2 million, or 18 cents per share. First-quarter results were impacted by $5.8 million, or $0.05 per share, for previously announced executive retirements and a discrete tax item.
Quarterly revenues soared 36.5% year over year to $1.23 billion from $899.4 million on higher shipments and rising raw material prices. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

WellPoint Outshines, Ups Outlook

Posted: 27 Apr 2011 01:37 PM PDT

WellPoint Inc. (NYSE:WLP) reported its first-quarter income from continuing operations of $891.0 million or $2.35 per share, surpassing the Zacks Consensus Estimate of $1.87. This also compares favorably with the income of $871.9 million or earnings of $1.95 in the year-ago quarter.
The improved showing was attributable to higher operating cash flows and the implementation of organizational changes in health care. Besides, the jump in medical enrollment also contributed to the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Up Toward The End Of U.S. Session

Posted: 27 Apr 2011 01:25 PM PDT

Forex Pros – The Euro was higher against the U.S. Dollar on Wednesday.<br/><br/> EUR/USD was trading at 1.4782, up 0.94% at time of writing.<br/><br/> The pair was likely to find support at 1.4494, Tuesday&rsquo;s low, and resistance at 1.4795, today&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.02% to hit 0.8888 and EUR/JPY rising 1.63% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. Markets Close Higher; Dow Jones Up 0.76%

Posted: 27 Apr 2011 01:10 PM PDT

Forex Pros – U.S. stocks were up after the closing bell on Wednesday.<br/><br/> At the close of U.S. trade, the Dow Jones Industrial Average rose 0.76%, the S&P 500 index gained 0.62%, while the Nasdaq 100 index climbed 0.73%.<br/><br/> Earlier in the day, official data showed that U.S. core durable goods orders rose less-than-expected to a seasonally adjusted 1.30% last month from 0.60% in the preceding month whose figure was revised up from … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: EURUSD Continues Squeeze Higher

Posted: 27 Apr 2011 01:05 PM PDT

Dollar selling continues after Bernanke comments failed to appease the markets and shorts get squeezed. The price moved above the 1.4712 level which was key trendline resistance off the daily chart. Momentum developed and the dollar selling was underway.
The 1.4770 level was the first target.  That level corresponded with the Fibo extension.  The next level is being tested now at comes in at 1.4793 level.  This level coincides with the parellel trendline off the recent lows … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

General Dynamics Flies High In Q1

Posted: 27 Apr 2011 01:02 PM PDT

General Dynamics Corporation (NYSE:GD) announced its first-quarter 2011 earnings from continuing operations of $1.64 per share, surpassing the Zacks Consensus Estimate of $1.61. Results comfortably beat earnings of $1.54 in the year-ago quarter, up 6.5%. Earnings were $618 million, up 3.2% from $599 million in the first quarter of 2010.
Operational Performance
General Dynamics generated total revenues of $7.8 billion in the quarter, up 0.6% year over year. Strong performance across Marine Systems … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Illumina Beats Estimates

Posted: 27 Apr 2011 01:02 PM PDT

Illumina (NASDAQ:ILMN) reported an EPS of 16 cents in the first quarter of 2011 in line with the year-ago period EPS. However, after adjusting for certain one-time items, the EPS was 35 cents, beating the Zacks Consensus Estimate of 31 cents and 66.6% higher than the first quarter of 2010.
Revenues were $282.5 million, surpassing the Zacks Consensus Estimate of $263 million and 47% higher than the year-ago quarter driven by a strong 53.5% growth in product revenues, partially offset by 14.4% decline … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Stock Market Summary For Wednesday, April 27, 2011 Special Alert FDO

Posted: 27 Apr 2011 12:49 PM PDT

We are removing Family Dollar Stores (symbol: FDO) from the watch list at the current intra-day price of $52.92.  We added FDO on Wednesday, March 2, 2011 at $50.28.  While on the watch list FDO returned 5.3% in 56 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Homeownership Rate Falls To 1998 Level; Gov’t. Created An Unsustainable “Homeownership Bubble”

Posted: 27 Apr 2011 12:48 PM PDT

The homeownership rate in the U.S. fell in the first quarter of 2011 to 66.4%, according to data released today by the Census Bureau.  That was the lowest homeownership rate in slightly more than 12 years, since the 66.4% rate in the fourth quarter of 1998, and it looks like it will probably continue to fall in the coming years.  

Conclusion: The political obsession with homeownership raised homeownership in the short run to an artificial and unsustainable level of 69% by 2006, but … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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

Posted: 27 Apr 2011 12:45 PM PDT

Forex Pros – The British Pound was higher against the U.S. Dollar on Wednesday.<br/><br/> GBP/USD was trading at 1.6633, up 0.93% at time of writing.<br/><br/> The pair was likely to find support at 1.6432, Tuesday&rsquo;s low, and resistance at 1.6634, today&rsquo;s high.<br/><br/> Meanwhile, the British Pound was down against the Euro and up against the Japanese Yen, with EUR/GBP gaining 0.05% to hit 0.8890 and GBP/JPY rising 1.52% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

CIT Tops, Profit Narrows

Posted: 27 Apr 2011 12:37 PM PDT

CIT Group Inc.'s (NYSE:CIT) first quarter 2011 earnings came in at 33 cents per share, widely beating the Zacks Consensus Estimate of 20 cents. However, this compares unfavorably with prior quarter's earnings of 37 cents and the prior-year quarter's restated earnings of 72 cents.
Though the quarter’s results benefited from lower interest and non-interest expenses along with decreased provision for credit losses, a substantial deterioration of net interest revenue was the downside. A … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Parker Hannifin Outperforms

Posted: 27 Apr 2011 12:36 PM PDT

Parker Hannifin Corporation (NYSE:PH) released its third-quarter 2011 earnings result before the market opened today, reporting earnings per share of $1.68 and outpacing the Zacks Consensus Estimate of $1.54 and prior-year earnings of 94 cents.
The company's strong result in the quarter was supported by its improving performance in all markets and regions.
Total Revenue
The company achieved a third quarter record sales with revenues increasing by 23.9% year over year to $3.2 billion. Sales for … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Stanley Beats, Outlook Strong

Posted: 27 Apr 2011 12:36 PM PDT

Stanley Black & Decker (NYSE:SWK) reported its financial results for the first quarter of 2011 with earnings per share from continuing operations of $1.08, up from 70 cents in the year-ago comparable quarter. EPS also surpassed the Zacks Consensus Estimate of $1.00. 
GAAP EPS, including one-time charges of approximately 16 cents, was 92 cents compared with a loss of $1.11 in the first quarter of 2010.
Revenue
Net revenue for the first quarter jumped 89% year over year to $2.4 billion. The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

04/27 FX Options Report

Posted: 27 Apr 2011 12:10 PM PDT

The USD continued to see downward pressure vs. the high-yielding currencies. The AUD and CHF touched new record highs against the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CAD Up In U.S. Trade

Posted: 27 Apr 2011 12:10 PM PDT

Forex Pros – The U.S. Dollar was higher against the Canadian Dollar on Wednesday.<br/><br/> USD/CAD was trading at 0.9518, up 0.02% at time of writing.<br/><br/> The pair was likely to find support at 0.9488, today&rsquo;s low, and resistance at 0.9576, today&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.68% to hit 1.4744 and GBP/USD rising 0.71% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: EURUSD Moves Above Trendline Resistance At 1.4712

Posted: 27 Apr 2011 11:48 AM PDT

The EURUSD has moved above channel resistance at the 1.4712 level and has moved to new highs since December 2009.  At that time the market was finishing a trend move and consolidating. The key levels at the time were the 1.4732, 1.4800 and 1.4815 (see chart below). These will be target levels for the next move to the upside. 

Another target for the pair would be measuring a Fibonacci Extension. The below chart targets the 61.8% extension of move up from yesterdays low to the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Up In U.S. Trading Hours

Posted: 27 Apr 2011 11:45 AM PDT

Forex Pros – The Euro was higher against the U.S. Dollar on Wednesday after the release of U.S. data on Core Durable Goods Orders.<br/><br/> EUR/USD was trading at 1.4733, up 0.61% at time of writing.<br/><br/> The pair was likely to find support at 1.4494, Tuesday&rsquo;s low, and resistance at 1.4744, today&rsquo;s high.<br/><br/> Earlier in the day, official data showed that U.S. core durable goods orders rose less-than-expected to a seasonally … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Geography: One Subject Where Boys Are Ahead So That Gender Disparity Must Prove Discrimination

Posted: 27 Apr 2011 11:29 AM PDT

As I reported in February, Minot State University professor emeritus Eric Clausen has been battling the National Geographic Society in federal court over his claims that the national contest discriminates against girls because virtually no girls have won the national title, and it looks likely that that trend will continue this year. 

The 2011 National Geographic Bee Finals will be held in Washington, D.C. May 24-25, and the competition will once again be dominated by boys, judging by the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Gold Prices See-saw

Posted: 27 Apr 2011 04:15 AM PDT

04/27/11 After losing lower yesterday for the first time in nine sessions, frontm onth gold prices were relatively flat today as investors await the results of the FOMC … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

What To Expect From The FOMC Today And Going Forward

Posted: 27 Apr 2011 06:00 AM PDT

Important FOMC Decision, Is FOMC Ready to Shape its Exit Strategy?
The FOMC has begun its 2-day meeting on interest rates and while this meeting will prove to be an important one, it may not be pivotal as the Fed is likely to keep a few cards up its sleeve in terms of describing the next steps that will be taken by the central bank.
The important questions to ask are:

What do we hear about the end of QE2?
What do we hear about the Fed's balance sheet?
How does the FOMC see inflation … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
at

No comments:

Post a Comment