DailyMarkets.com - Occidental Triumphs On Oil Pricing

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• Occidental Triumphs On Oil Pricing
• PepsiCo Beats By A Penny
• Xcel Energy Matches EPS, Lags Sales
• Viacom Reports Blockbuster Results
• Avalonbay Reports In Line
• Helmerich & Payne Misses On EPS
• Is Everything Rosy For Stanley Black & Decker (SWK)?
• Forex – AUD/USD Up In U.S. Trade
• Colgate Beats On Rev, Profits Fall
• NYSE Outperforms, Remains Sturdy
• Impressive 1Q At Vocus
• Raytheon Beats EPS, Revs At Par
• Ball Corp. Outperforms
• Jobless Claims Jump By 25,000
• Coca-Cola Enterprises Reports In Line
• Good Question About Oil Traders
• Stock Market Summary For Thursday, April 28, 2011 Special Alert DUG
• Forex – NZD/USD Down During The U.S. Session
• Forex Trading: GBPUSD Tests 38.2% Retracement
• Stericycle Beats Consensus
• Under Armour Tops, Ups Outlook
• How We Got To 1.8% Growth
• ABC Beats On Earnings; Ups Guidance
• Iron Mountain Reports Mixed 1Q
• “Markets Have Shrugged Off Bad News”
• Central Bank Of Egypt Holds Deposit Rate At 8.25%
• Forex – GBP/USD Up In U.S. Trade
• Exelon Acquiring Constellation
• European Markets Close Higher; Dax Up 0.95%
• Gold Extends Its Run Into Record Territory
• Downturn In Dollar Continues
• Double Bottom Spotted As USD/CAD Is Contained Within Channel
• Nick Cerneaz Sets His Sights On Growth At Seeing Machines

Occidental Triumphs On Oil Pricing Posted: 28 Apr 2011 11:35 AM PDT Occidental Petroleum Corporation's (NYSE:OXY) first quarter 2011 operating earnings jumped 45.2% to $1.96 per share, versus $1.35 in the year-ago quarter. The result surpassed the Zacks Consensus Estimate of $1.80 by 16 cents driven by higher oil price realizations and increased production in the Middle East. Total Revenue Occidental’s quarterly revenue increased 24% to $5.73 billion compared with $4.62 billion in the year-ago quarter. The actual results of the company were also higher than the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

PepsiCo Beats By A Penny Posted: 28 Apr 2011 11:30 AM PDT PepsiCo Inc. (NYSE:PEP) reported first-quarter 2011 results. The New York-based company's core earnings declined 2.6% to 74 cents per share in the quarter compared with the year-ago period, reflecting higher cost. Earnings were a penny above the Zacks Consensus Estimate of 73 cents. Based on the first-quarter 2011 results, PepsiCo reiterated full-year earnings per share growth of 7%–8% based on core constant currency compared with its fiscal 2010 earnings of $4.13 per share. Beyond 2011, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Xcel Energy Matches EPS, Lags Sales Posted: 28 Apr 2011 11:30 AM PDT Electricity and natural gas company Xcel Energy Inc.’s (NYSE:XEL) operating earnings for the first quarter 2011 of 42 cents per share were in line with both the Zacks Consensus Estimate and the year-ago quarter. Earnings during the reported quarter benefited from a minor sales growth, cooler than normal temperatures, and interim rates in Minnesota and North Dakota. These positives were however offset by higher operating and maintenance expenses, property taxes and depreciation expenses. Xcel … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Viacom Reports Blockbuster Results Posted: 28 Apr 2011 11:30 AM PDT Viacom Inc. (VIA.B) declared blockbuster financial results for the second quarter of 2011. Quarterly net income from continuing operations was $376 million or 63 cents per share compared with a net income of $255 million or 42 cents per share in the prior-year quarter. Adjusted earnings per share (EPS), excluding debt extinguishment costs, were 72 cents, which significantly beat the Zacks Consensus Estimate of 61 cents in the reported quarter. Quarterly total revenue was $3,267 million, up 20% … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Avalonbay Reports In Line Posted: 28 Apr 2011 11:30 AM PDT Avalonbay Communities Inc. (NYSE:AVB), a leading multifamily real estate investment trust (REIT), reported fiscal 2011 first quarter funds from operations (FFO) of $93.5 million or $1.08 per share, compared with $79.3 million or $0.96 in 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. Excluding certain non-recurring items, FFO for the reported … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Helmerich & Payne Misses On EPS Posted: 28 Apr 2011 11:30 AM PDT Contract drilling services provider Helmerich & Payne Inc. (HP) reported weaker-than-expected results for the second fiscal quarter of 2011 (three months ended March 31, 2011) due to muted performances from its offshore and international operations. Earnings per share from continuing operations (excluding special items) came to 93 cents, below the Zacks Consensus Estimate of 97 cents. However, compared to the year-earlier period, Helmerich & Payne's adjusted earnings per share rose … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Is Everything Rosy For Stanley Black & Decker (SWK)? Posted: 28 Apr 2011 11:19 AM PDT  By Chris Johnson Contributor NEW YORK (NYSE:SWK) reported earnings last night that at first glance beat Wall Street estimates. If you dig a little deeper, though, everything isn't so rosy — or in this case, the company didn't "nail it." Stanley Black & Decker reported earnings of $1.08 per share on revenue of $2.4 billion, compared to Wall Street estimates of $1.01 per share on $2.38 billion in revenue. But a much lower tax rate in the first quarter helped earnings by 12 cents … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – AUD/USD Up In U.S. Trade Posted: 28 Apr 2011 11:15 AM PDT Forex Pros – The Australian Dollar was higher against the U.S. Dollar on Thursday after the release of U.S. data on Pending Home Sales.<br/><br/> AUD/USD was trading at 1.0895, up 0.21% at time of writing.<br/><br/> The pair was likely to find support at 1.0677, Tuesday&rsquo;s low, and resistance at 1.0947, today&rsquo;s high.<br/><br/> Earlier in the day, industry data showed that Pending home sales in the U.S. rose unexpectedly to a seasonally … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Colgate Beats On Rev, Profits Fall Posted: 28 Apr 2011 11:05 AM PDT Colgate-Palmolive Company (NYSE:CL) posted first quarter of fiscal 2011 earnings of $1.16 per share, at par with the Zacks Consensus Estimate. However, earnings fell short of the prior-year quarter figure of $1.21 per share. Global net sales increased 4.5% year over year to $3,994 million despite a 3% benefit from foreign exchange and a 2% addition from global unit volume, which was offset by a 0.5% fall in pricing. On an organic basis (excluding foreign exchange, acquisitions and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

NYSE Outperforms, Remains Sturdy Posted: 28 Apr 2011 11:05 AM PDT NYSE Euronext Inc.'s (NYSE:NYX) first quarter operating earnings per share of 68 cents came in substantially ahead of the Zacks Consensus Estimate of 60 cents and 54 cents recorded in the year-ago quarter. Consequently, operating net income increased 26% year over year to $177 million from $140 million in the year-ago quarter. NYSE reported GAAP net income of $155 million or 59 cents per share as compared with $130 million or 50 cents per share in the prior-year quarter. These include the impact … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Impressive 1Q At Vocus Posted: 28 Apr 2011 11:05 AM PDT Vocus Inc.'s (NASDAQ:VOCS) first quarter 2011 adjusted loss per share (EPS) of 4 cents outpaced the Zacks Consensus Estimate of a loss of 5 cents. The quarter's revenue also surpassed the Zacks Consensus Estimate of $26.0 million. A surge in demand from organizations eager to woo customers through online social networking sites backed the quarter's outperformance. The adjusted earnings figure excludes amortization of intangible assets, acquisition-related adjustments to deferred revenue, fair … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Raytheon Beats EPS, Revs At Par Posted: 28 Apr 2011 11:05 AM PDT Raytheon Company (NYSE:RTN) reported first quarter 2011 adjusted earnings of $1.38 per share, beating the Zacks Consensus Estimate of $1.09. Results jumped 10% from earnings of $1.25 per share reported in the year-ago period. Adjusting for 16 cents for both FAS/CAS pension expense and impact of UK Border Agency (UKBA) program, Raytheon reported GAAP EPS of $1.06, down from $1.16 in the year-ago period. Operational Performance Raytheon reported revenues of $6.1 billion in the quarter under review, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Ball Corp. Outperforms Posted: 28 Apr 2011 11:05 AM PDT Ball Corporation (NYSE:BLL) reported first quarter EPS of 53 cents, compared with 42 cents in the year-ago quarter. The result surpassed the Zacks Consensus Estimate of 48 cents. Excluding an impact of the previously announced closing of a metal beverage can plant in California and other business consolidation costs and discontinued operations, earnings were 58 cents, versus 43 cents in the prior-year quarter. Net Sales as reported by the company were $2011.2 million versus $1592.3 million in the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Jobless Claims Jump By 25,000 Posted: 28 Apr 2011 11:05 AM PDT Initial Claims for Unemployment Insurance rose by 25,000 last week to 429,000. However, last week was revised up by 1,000, so one could see it as a 26,000 increase. This was worse than the expected level of 390,000. The trend in initial claims has been downward, although there have been some bumps along the way. Recently, though, they have started to trend back up again. That is a very worrisome trend. The weekly numbers, after an erratic few months, seemed to have broken decisively to the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Coca-Cola Enterprises Reports In Line Posted: 28 Apr 2011 11:05 AM PDT Coca-Cola Enterprises Inc.’s (NYSE:CCE) first-quarter 2011 earnings of 33 cents per share were in line with the Zacks Consensus Estimate. This also compares favorably with earnings of 27 cents in the year-ago quarter. The results of the reported quarter include Norway and Sweden operations, but exclude the North American operation of the company. Results for the prior-year quarter, however, exclude Norway and Sweden operations but include the North American operation. During the fourth quarter of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Good Question About Oil Traders Posted: 28 Apr 2011 10:58 AM PDT WSJ — At Mr. Obama’s request, the Justice Department announced Thursday that it has created a task force to investigate the oil and gas markets, a move some Democrats in Congress have advocated. “The attorney general is putting together a team whose job it is to root out any cases of fraud or manipulation in the oil markets that might affect gas prices, and that includes the role of traders and speculators,” Mr. Obama said during a town hall event at a renewable energy company in Nevada. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Stock Market Summary For Thursday, April 28, 2011 Special Alert DUG Posted: 28 Apr 2011 10:48 AM PDT We are adding a position to the watch list in the ProShares Ultra Short Oil & Gas Fund (symbol: DUG) at the current intra-day price of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – NZD/USD Down During The U.S. Session Posted: 28 Apr 2011 10:45 AM PDT Forex Pros – The New Zealand Dollar was lower against the U.S. Dollar on Thursday after the release of U.S. data on Pending Home Sales.<br/><br/> NZD/USD was trading at 0.7988, down 1.14% at time of writing.<br/><br/> The pair was likely to find support at 0.7972, today&rsquo;s low, and resistance at 0.8107, Wednesday&rsquo;s high.<br/><br/> Earlier in the day, industry data showed that Pending home sales in the U.S. rose unexpectedly to a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: GBPUSD Tests 38.2% Retracement Posted: 28 Apr 2011 10:37 AM PDT The GBPUSD is testing the 38.2% retracement of the move from yesterdays low at teh 1.6625 level. The Price has tested the level on a number of occassions today. There was a correction higher that took the price above the 100 and 200 bar MA in the chart below, but that was a failure.  Should the price break the 1.6625 I would expect a momentum move lower with the 1.6588 level being the next target.  On the topside watch for the 100 bar MA to hold. A move above it, ruins the idea of a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Stericycle Beats Consensus Posted: 28 Apr 2011 10:35 AM PDT Stericycle Inc. (NASDAQ:SRCL) delivered earnings per share (EPS) of 68 cents in its first quarter ended March 31, 2011, beating the Zacks Consensus Estimate of 65 cents, and surpassing the year-ago result of 57 cents by 19%. The reported and year-ago quarters' EPS excluded expenses related to acquisitions and restructuring costs. Including these items, EPS stood at  64 cents and 56 cents in the reported and year-earlier periods, respectively. Revenues Revenues climbed 19% to $398.1 million, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Under Armour Tops, Ups Outlook Posted: 28 Apr 2011 10:35 AM PDT Under Armour, Inc. (NYSE:UA), one of the leading developers, marketers and distributors of branded sports apparel, footwear and accessories, recently posted better-than-expected first-quarter 2011 results. The outperformance came on the heels of healthy apparel and footwear businesses, which encouraged management to provide an upbeat outlook. The quarterly earnings of 23 cents a share topped the Zacks Consensus Estimate by 4 cents and soared 64.3% from 14 cents delivered in the prior-year quarter. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

How We Got To 1.8% Growth Posted: 28 Apr 2011 10:35 AM PDT In the first quarter, the economy grew at an annual rate of 1.8%, down from 3.1% in the fourth quarter, and from the 2.6% pace in the third quarter. The growth rate was slightly above consensus expectations of 1.7%. Also, the quality of the growth was weaker than in the fourth quarter, but not awful. The first graph (from this source) shows the history of GDP growth. So how did we get to the 1.8% overall growth? What parts of the economy were growing and thus adding to growth and which parts … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

ABC Beats On Earnings; Ups Guidance Posted: 28 Apr 2011 10:35 AM PDT AmerisourceBergen Corporation's (NYSE:ABC) second quarter fiscal 2011 earnings of 77 cents per share surpassed the Zacks Consensus Estimate of 69 cents. Earnings also increased 22% from the year-ago period. Higher revenues and a lower share count helped boost the bottom line. Total revenue for the quarter climbed 2.4% to $19.8 billion, missing the Zacks Consensus Estimate of $19.9 billion. The year-over-year increase was the result of a 4% climb in AmerisourceBergen Drug Corporation revenues, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Iron Mountain Reports Mixed 1Q Posted: 28 Apr 2011 10:35 AM PDT Iron Mountain Inc. (IRM) reported earnings per share (EPS) of 26 cents for its first quarter, missing the Zacks Consensus Estimate by a penny. Operating Performance EPS on a non-GAAP basis increased 23.8% year over year from 21 cents, driven by lower interest costs and fewer shares outstanding. Net income attributed to Iron Mountain soared 187.3% year over year to $73.5 million.      Gross profit increased 3.5% year over year to $467.0 million in the first quarter, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

“Markets Have Shrugged Off Bad News” Posted: 28 Apr 2011 10:30 AM PDT 04/28/11 Mogavero Lee & Co’s Doreen Mogavero weighs in on US GDP data and the latest price action in the commodities and FX … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Central Bank Of Egypt Holds Deposit Rate At 8.25% Posted: 28 Apr 2011 10:05 AM PDT The Central Bank of Egypt held the overnight deposit rate unchanged at 8.25%, the overnight lending rate at 9.75%, the discount rate at 8.50% and the 7-day repo rate at 9.25%.  Egyptian inflation accelerated to 11.49% in March, from 10.71% in February, while core inflation fell to 8.54% from 9.51% in February.  The Bank noted that the current political transformation will continue to weigh on the economy; which paired with global risks such as continued political tensions in the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Up In U.S. Trade Posted: 28 Apr 2011 10:00 AM PDT Forex Pros – The British Pound was higher against the U.S. Dollar on Thursday after the release of U.S. data on Initial Jobless Claims.<br/><br/> GBP/USD was trading at 1.6639, up 0.08% 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, today&rsquo;s high.<br/><br/> Earlier in the day, official data showed that U.S. Initial Jobless Claims rose unexpectedly to a seasonally … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Exelon Acquiring Constellation Posted: 28 Apr 2011 09:55 AM PDT Exelon Corporation (NYSE:EXC) entered into a definite agreement to acquire Constellation Energy Group Inc. (NYSE:CEG), for about $7.9 billion. Exelon is expected to issue 0.93 of its shares for every share of Constellation owned by the latter's shareholders. The exchange ratio agreed upon represents an 18.1% premium to the 30-day average closing stock prices of Exelon and Constellation as of April 27, 2011. Following the completion of the merger Exelon shareholders will have 78% ownership of the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

European Markets Close Higher; Dax Up 0.95% Posted: 28 Apr 2011 09:55 AM PDT Forex Pros – European stocks were up after the closing bell on Thursday.<br/><br/> At the close of European trade, Germany&rsquo;s DAX rose 0.95%, London&rsquo;s FTSE 100 gained 0.03%, France&rsquo;s CAC 40 climbed 0.91% and the EURO STOXX 50 was up 0.93%.<br/><br/> Earlier in the day, official data showed that The number of people unemployed in Germany fell more-than-expected to a seasonally adjusted -37K last month from -55K in the preceding … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Gold Extends Its Run Into Record Territory Posted: 28 Apr 2011 04:45 AM PDT 04/28/11 Front month gold prices continue to rally today as the US dollar decline continues following weak economic … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Downturn In Dollar Continues Posted: 28 Apr 2011 09:30 AM PDT 04/28/11 Weak economic reports and yesterdays Fed decision has attributed to yet another session of losses for the greenback against its major … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Double Bottom Spotted As USD/CAD Is Contained Within Channel Posted: 28 Apr 2011 09:21 AM PDT USD/CAD in an ABC Correction After a 5-wave Decline (4/26)_ USD/CAD Short Term- The 1H chart shows the USD/CAD failing to establish bearish momentum, as the RSI reading remained above 30. Also, a double bottom is spotted, and a throwback has respected the consolidation pattern. - The 4H chart shows a couple of scenarios. - The first one is that we have completed a flag pattern, and a bearish continuation is taking place. If this is the case, the current rally should not break above 0.9530 and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Nick Cerneaz Sets His Sights On Growth At Seeing Machines Posted: 28 Apr 2011 04:47 AM PDT Among the rows of high-tech gadgetry that adorned the Consumer Electronics Show in the US earlier this year, analysts were falling over themselves for Toshiba's new glasses-free 3D laptop screens. While film and computer games makers have been keen to breathe new life into 3D as a means of pulling in consumers, the electronics industry is still some way behind. Figuring out how to create a more natural experience – unencumbered by the need to wear glasses – is apparently easier said than … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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