Friday, April 29, 2011

DailyMarkets.com - Merck Tops On Lower Costs

DailyMarkets.com - Merck Tops On Lower Costs

Merck Tops On Lower Costs

Posted: 29 Apr 2011 10:00 AM PDT

Merck & Co.’s (NYSE:MRK) earnings per share (excluding  special items) for the first quarter of 2011 came in at 92 cents, well above the Zacks Consensus Estimate of 84 cents and the year-ago earnings of 83 cents. Double-digit growth of key products and cost control boosted earnings.
Revenues for the quarter increased 1.4% to $11.6 billion, just above the Zacks Consensus Estimate of $11.2 billion. Strong performance of products like Januvia, Janumet, Singulair, Isentress, Nasonex and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

DPL Lags EPS, Beats Revenue

Posted: 29 Apr 2011 09:35 AM PDT

Diversified energy utility, DPL Inc. (NYSE:DPL) reported first quarter 2011 financial results. Earnings for the quarter were 56 cents per share, below the Zacks Consensus Estimate of 67 cents per share and year-ago earnings of 61 cents per share.
After adjusting for the debt purchase premium and write-off charges of 9 cents per share, tax adjustments of 5 cents per share and storm costs of 4 cents per share, the company reported GAAP earnings of 38 cents per share versus 61 cents per share in the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Victoza Fires Novo Nordisk Sales

Posted: 29 Apr 2011 09:35 AM PDT

Novo Nordisk (NYSE:NVO) reported earnings of $1.29 per American Depository Receipt (ADR), in the first quarter 2011, up 25 cents over the prior-year earnings of $1.04 per ADR. Earnings growth was driven by higher revenues.  Earnings were also 2 cents above the Zacks Consensus Estimate of $1.27.
Quarter in Detail
Total revenues grew 11% (in local currencies) over the prior-year quarter, driven by strong sales of modern insulins (up 11%) and Victoza (up 191%). However, health care reforms in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Profit Up, Revenues Down At Glaxo

Posted: 29 Apr 2011 09:15 AM PDT

GlaxoSmithKline (NYSE:GSK) reported first quarter earnings of $1.02 per American Depository Share (ADS), a couple of cents above the Zacks Consensus Estimate and 10.5% above the year-ago earnings. Revenues, however, declined to $10.5 billion, down 10% at constant exchange rates (CER). Revenues missed the Zacks Consensus Estimate of $10.9 billion.
The Quarter in Detail
While Pharmaceuticals sales declined 14%, Consumer Healthcare grew 7%. Price cuts in the EU and the US healthcare reform affected … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

TOTAL S.A. Beats, Expands Globally

Posted: 29 Apr 2011 09:05 AM PDT

Integrated oil and gas company TOTAL S.A. (NYSE:TOT) reported its first-quarter 2011 operating earnings of $1.89 per share (€1.38 per share), ahead of the Zacks Consensus Estimate of $1.84 per share. The operating earnings of the company reflected a growth of 33.1% from $1.42 per share (€1.02 per share) reported in the year-ago period.
Total Revenue
Total revenue at the end of first-quarter 2011 was $62.97 billion (€46.03 billion) as against $52 billion (€37.60 billion) in the first … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Republic Services Disappoints

Posted: 29 Apr 2011 09:05 AM PDT

Republic Services Inc. (NYSE:RSG) reported first quarter 2011 adjusted EPS of 42 cents, a penny above the Zacks Consensus Estimate and the prior-year EPS of 41 cents.
Adjusted EPS in the first quarter 2011 excluded a loss on extinguishment of debt of 1 cent. The prior-year quarter's EPS excluded loss on extinguishment of debt of 22 cents, and costs to achieve synergies and restructuring charges of a penny each. Excluding these items, EPS in the reported quarter was 41 cents compared with 17 … [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: 29 Apr 2011 09:00 AM PDT

Forex Pros – The Euro was lower against the U.S. Dollar on Friday after the release of euro zone data on Unemployment Rate.<br/><br/> EUR/USD was trading at 1.4822, down 0.01% at time of writing.<br/><br/> The pair was likely to find support at 1.4494, Tuesday&rsquo;s low, and resistance at 1.4882, Thursday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that The unemployment rate in the euro zone remained unchanged at a seasonally … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

The Republican Plan With Lipstick

Posted: 29 Apr 2011 08:50 AM PDT

If you can't sell the pig, figure Republicans, put lipstick on it and maybe no one will notice. Add some perfume and maybe you'll even attract enough Dems to get it enacted.
A Senate proposal by Republican Bob Corker of Tennessee and Democrat Claire McCaskill of Missouri would save $7.6 trillion over 10 years. How? By capping federal spending at 20.6 percent of gross domestic product within a decade. That's down from 24.3 percent now.
This is the Ryan plan with lipstick. The Ryan … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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

Posted: 29 Apr 2011 08:35 AM PDT

Forex Pros – The British Pound was higher against the U.S. Dollar on Friday.<br/><br/> GBP/USD was trading at 1.6686, up 0.33% at time of writing.<br/><br/> The pair was likely to find support at 1.6432, Tuesday&rsquo;s low, and resistance at 1.6747, Thursday&rsquo;s high.<br/><br/> Meanwhile, the British Pound was up against the Euro and down against the Japanese Yen, with EUR/GBP shedding 0.25% to hit 0.8890 and GBP/JPY falling 0.05% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Kodak’s Net Loss Surpasses Estimate

Posted: 29 Apr 2011 08:30 AM PDT

On April 28, Eastman Kodak Company (NYSE:EK) reported its financial results for the first quarter of 2011. The company reported adjusted earnings per share loss from continuing operations of $1.13 compared with earnings per share of 74 cents in the year-ago comparable quarter. The quarter's results also surpassed the Zacks Consensus Estimate of a loss of 61 cents per share.
Revenue
Kodak reported sales of $1,322 million, down 30.9% year over year and 31.4% sequentially. The year-over-year … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Cerner Beats, Raises Guidance

Posted: 29 Apr 2011 08:30 AM PDT

Leading healthcare information technology ("HCIT") solutions provider Cerner Corp (NASDAQ:CERN) reported first quarter fiscal 2011 earnings per share of 75 cents, beating the Zacks Consensus Estimate of 72 cents and exceeding the year-ago earnings of 59 cents per share. Net income surged 28.4% year over year to $64.6 million due to solid bookings.
Revenues
Revenues for the first quarter rose 14% year over year to $491.7 million, and beat the Zacks Consensus Estimate of $486 million. Higher … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Australian Dollar: Under Pressure

Posted: 29 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: Key ST Resistance At 99

Posted: 29 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: 29 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

Euro: Capped By A Negative Trend Line

Posted: 29 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

Swiss Franc: Under Pressure

Posted: 29 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

Japanese Yen: Under Pressure

Posted: 29 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

Forex – EUR/USD Up During The European Session

Posted: 29 Apr 2011 08:15 AM PDT

Forex Pros – The Euro was higher against the U.S. Dollar on Friday.<br/><br/> EUR/USD was trading at 1.4833, up 0.07% at time of writing.<br/><br/> The pair was likely to find support at 1.4494, Tuesday&rsquo;s low, and resistance at 1.4882, Thursday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.25% to hit 0.8890 and EUR/JPY falling 0.38% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Amdocs Beats, Outlook Strong

Posted: 29 Apr 2011 08:06 AM PDT

Yesterday, after market close, Amdocs Limited (NYSE:DOX) declared financial results for the second quarter of fiscal 2011, easily beating the Zacks Consensus Estimates. Moreover, Amdocs provided a solid financial outlook for the ensuing third quarter, attributable to healthy demand trend for managed services.  As a result, in the after market trade on NYSE, stock price of Amdocs went up 81 cents (2.67%) to $31.20.
Quarterly net income, on a GAAP basis, was $94.1 million or 50 cents per share … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Word From The Floor: Wall Street Opens With Modest Gains

Posted: 29 Apr 2011 08:02 AM PDT

04/29/11 US stocks were off to a mixed start, amidst the latest earnings and data releases. Caterpillar’s earnings topped estimates, with shares gaining in morning … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

GBP/JPY’s Short-term Elliott Wave Count

Posted: 29 Apr 2011 07:52 AM PDT

Confirming weakness in the JPY in the GBP/JPY…(4/28)
GBP/JPY

Short-Term to Medium Term
- The GBP/JPY is declining as anticipated after a 3-wave rally that appears to have been a gartley retracement pattern.
- The bearish scenario is contained within the rising channel, and will open up further with a break below the channel, and 78.6% retracement at 134.70 as seen in the 1H chart.
- The bullish scenario opens up if a subsequent rally first breaks back above 136.10, then the 137.00 high, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/JPY Down In European Trading Hours

Posted: 29 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 135.43, down 0.14% at time of writing.<br/><br/> The pair was likely to find support at 134.09, Tuesday&rsquo;s low, and resistance at 137.05, Thursday&rsquo;s high.<br/><br/> Meanwhile, the British Pound was up against the U.S. Dollar and down against the Euro, with GBP/USD gaining 0.14% to hit 1.6656 and EUR/GBP rising 0.01% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Caterpillar Constructs A 1Q Profit

Posted: 29 Apr 2011 02:25 AM PDT

04/29/11 Heavy equipment maker Caterpillar Inc. said its 1Q profit soared more than … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Crude Rises, Trades Above $113

Posted: 29 Apr 2011 02:00 AM PDT

04/29/11 Front month crude prices were once again on the upside, trading above $113 a barrel, on another day of dollar … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

FX Headlines: Dollar Slide Marks Worst Month Since September

Posted: 29 Apr 2011 06:43 AM PDT

The struggles in the overnight session capped off what would be the worst month the U.S. Dollar has seen since September, as a struggling recovery in the United States has prompted the Federal Reserve to continue its ultra-loose monetary policy, putting further downside pressure on the Greenback.

Fundamental Headlines
• Personal Spending in U.S. Increases 0.6%; Income Up 0.5% – Bloomberg
• Cheap Dollar Fuels One-Way Bets in Everything Else – CNBC
• U.S. Consumer Sentiment Rose in April … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Compelling Examples For Buying On Breakouts

Posted: 29 Apr 2011 06:08 AM PDT

When it comes to stocks, it’s easier being a buyer than a seller. As subscribers to my Instant Alerts know, when I look for investment ideas I first try to determine whether the market is trending or if it is stuck in a trading range. Next, I search for stocks that have not yet but are about to break or have broken above significant (meaning, longer-term) resistance levels. I especially like stocks moving into all-time new high territory. Once I find such a stock, I will try to hold on to it … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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