Tuesday, April 26, 2011

DailyMarkets.com - Zacks Initiates Coverage Of SunSi Energies

DailyMarkets.com - Zacks Initiates Coverage Of SunSi Energies

Zacks Initiates Coverage Of SunSi Energies

Posted: 26 Apr 2011 10:05 AM PDT

Steven Ralston, CFA
Zacks initiates coverage of SunSi Energies

Zacks has initiated coverage of SunSi Energies (SSIE: OTCQB) with a Neutral rating. SunSi focuses exclusively on the production and sales of trichlorosilane, the basic chemical feedstock used in the production of purified polysilicon, an essential material in the production of solar cells for photovoltaic panels. Having evaluated the value chain related to the production of photovoltaic solar cells in the growing solar industry, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

UBS Posts Sequential Rise In Profit

Posted: 26 Apr 2011 10:05 AM PDT

UBS AG (NYSE:UBS) posted a sequential rise in profit in the first quarter of 2011. The bright spot was the surge in positive inflows that the company experienced in the quarter. The company reported first quarter 2011 net profit attributable to shareholders of CHF 1.8 billion ($2.05 billion) or CHF 0.47 per share, up from CHF 1.7 billion or CHF 0.43 per share in the prior quarter. However, results were down from the prior-year quarter when the company reported net profit of CHF 2.2 billion or CHF … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Jacobs’ 2Q In Line With Estimates

Posted: 26 Apr 2011 09:35 AM PDT

Jacobs Engineering Group Inc. (NYSE:JEC) reported its financial results for the second quarter of 2011 on April 25. The company reported net earnings per share (excluding one-time items) of 63 cents in the quarter, compared with 62 cents in the year-ago quarter. Results were in line with the Zacks Consensus Estimate of 63 cents.
Second quarter's EPS included a 4 cent contribution from the acquired businesses of Aker Solutions ASA. Excluding the contribution, net earnings in the quarter … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Reinsurance Beats On Higher Revenue

Posted: 26 Apr 2011 09:35 AM PDT

Reinsurance Group of America Inc. (RGA) reported first quarter 2011 operating earnings of $1.61 per share, ahead of the Zacks Consensus Estimate of $1.56 and 29% above $1.25 earned in the year-ago quarter. Operating income was $118.8 million, up 28% from $93 million in the first quarter of 2010.
Earnings for the reported quarter benefited from an improvement in net premiums written along with an increase in net investment income.
The company reported net income of $160.8 million or $2.18 per … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Celanese Beats Consensus

Posted: 26 Apr 2011 09:15 AM PDT

Specialty material company Celanese Corp. (NYSE:CE) reported adjusted earnings of 96 cents per share in the first quarter of 2011, beating the Zacks Consensus Estimate of 83 cents. Diluted earnings per share in the quarter were 87 cents versus 6 cents in the prior-year quarter.
Revenues and Margins
Quarterly revenues grew 14% year over year to $1.6 billion, primarily driven by higher volumes across all business segments as well as improved volumes. Results were above the Zacks Consensus Estimate … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Tellabs Underperforms, Outlook Weak

Posted: 26 Apr 2011 09:05 AM PDT

Tellabs Inc. (NASDAQ:TLAB) declared its first quarter of 2011 financial results today, lagging behind the Zacks Consensus Estimates. Total revenue of $322.4 million was down 15% year over year, below the Zacks Consensus Estimate of $339 million. Although international revenue increased, lower revenue from North America is the primary reason for this poor performance.
On a GAAP basis, net loss in the first quarter of 2011 was $24.1 million or a loss of 7 cents per share compared with a net income of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Preview: Citrix Systems Inc

Posted: 26 Apr 2011 09:05 AM PDT

Citrix Systems Inc. (NASDAQ:CTXS) is scheduled to release its first quarter 2011 results on Wednesday, April 27, after the closing bell. The current Zacks Consensus Estimate for the first quarter is pegged at 32 cents, representing an annualized growth of 3.47%.
With respect to earnings surprises over the trailing four quarters, Citrix Systems has outperformed the Zacks Consensus Estimate in all the three quarters except one quarter where it missed the Zacks Consensus Estimate by 2 cents. The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Intermarket Shake Up Day April 26

Posted: 26 Apr 2011 09:03 AM PDT

If you're a close follower of intermarket relationships, you were likely surprised by this morning's strange intermarket behavior.
Let's take a look at this morning's "Inter-market Shake-up" and try to figure out where to go from there:

In general, current Inter-market Relationships are based generally in the idea that Stocks and Commodities move together, and thus move opposite the Dollar Index (and to an extent, bond prices).
Stated differently, the accepted "Risk-On" markets … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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

Posted: 26 Apr 2011 09:00 AM PDT

Forex Pros – The Euro was higher against the U.S. Dollar on Tuesday.<br/><br/> EUR/USD was trading at 1.4622, up 0.28% at time of writing.<br/><br/> The pair was likely to find support at 1.4494, today&rsquo;s low, and resistance at 1.4652, today&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.50% to hit 0.8882 and EUR/JPY rising 0.39% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

A Game Of Chess, Anyone?

Posted: 26 Apr 2011 08:45 AM PDT

I’ve been anxious to rebuy some mining positions for a couple of weeks now, but just haven’t seen the setup that is right for me.  We had a buy signal many days ago on the Market Vectors Gold Miners ETF (GDX) but I could not bring myself to take it.

Click on any chart to ENLARGE

If you are interested in pondering some of the finer skills of using the True Strength Index (TSI) indicator, this post may interest you.  I’d like to show you why I did not take a perfectly good buy … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

What To Expect From The FOMC Tomorrow And Going Forward

Posted: 26 Apr 2011 08:36 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

Berkley Beats On Higher Premium

Posted: 26 Apr 2011 08:25 AM PDT

W.R. Berkley Corporation (NYSE:WRB) reported its first quarter 2011 operating earnings of 66 cents per share, comfortably surpassing the Zacks Consensus Estimate of 64 cents. Results, however, fell behind the year-ago earnings of 72 cents by 8%. Operating income declined 15% year over year to $97.8 million in the quarter.
The better-than-expected results were aided by premium growth.
Including investment gains of $18.8 million, the company reported net income of $116.5 million or 79 cents per … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Ameriprise Beats On Higher Revenue

Posted: 26 Apr 2011 08:25 AM PDT

Ameriprise Financial Inc.'s (NYSE:AMP) first quarter 2011 operating earnings of $1.35 per share beat the Zacks Consensus Estimate of $1.33. This also fared well against the prior-year quarter's earnings of 85 cents per share.
Operating results exclude after-tax market impact on variable annuity guaranteed living benefits charge of $11 million, integration costs of 19 million, net realized gains of 1 million, and legal expenses of $77 million related to Securities America Inc. (SAI), an … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Platinum, The Forgotten Precious Metal

Posted: 26 Apr 2011 08:18 AM PDT

Today’s Idea
Platinum is the rarest of the precious metals, but often forgotten due to lack of US ETF demand and a less liquid futures market. Its use as an industrial metal also makes it more economically sensitive and less likely to be used as a pure inflation hedge. Traders’ options are limited because of a lack of options trading and mini products, leaving traders with only the volatile futures market to trade. However, Platinum has gotten cheap relative to Gold, which could set-up a spread … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Express Misses, Backs 2011 Outlook

Posted: 26 Apr 2011 08:05 AM PDT

Express Scripts Inc.'s (NASDAQ:ESRX) first quarter 2011 earnings of 66 cents per share (excluding special items) missed the Zacks Consensus Estimate of 70 cents but were well above the year-ago adjusted earnings of 55 cents per share. Higher earnings came on the back of reduced selling, general and administrative expenses and a lower share count as compared with the year-ago quarter.
Quarterly Details
First quarter revenues of $11.09 billion fell short of the Zacks Consensus Estimate of $11.52 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Healthways Misses Estimates

Posted: 26 Apr 2011 08:05 AM PDT

Healthways (NASDAQ:HWAY) reported first-quarter fiscal 2011 earnings per share of 12 cents, largely missing the Zacks Consensus Estimate of 20 cents and also falling short of the year-ago earnings of 27 cents. Net income more than halved year over year to $4.14 million.
Revenues
Revenues came in at $163 million in the first quarter, down 8.9% year over year, missing the Zacks Consensus Estimate of $168 million.
Margins
Healthways' operating income dropped sharply 44.2% year over year to $10.8 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Word From The Floor: Stocks Post Gains On Earnings

Posted: 26 Apr 2011 07:52 AM PDT

04/26/11 The major equity indexes gained as 3M and Ford reported Q1 earnings that beat … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – Dollar Broadly Lower Vs. Rivals As Markets Await Fed

Posted: 26 Apr 2011 07:49 AM PDT

Forex Pros – The broadly weaker U.S. dollar was down against most of its major counterparts on Tuesday, amid expectations that the Federal Reserve will maintain a loose monetary stance as policymakers began a two-day meeting. <br /><br />During U.S. morning trade, the greenback was lower against the euro, with EUR/USD climbing 0.39% to hit 1.4638.<br /><br />An auction of Spanish government debt met with strong demand earlier in the day, easing concerns that the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Stock Market Summary For Tuesday, April 26, 2011 Special Alert VXX

Posted: 26 Apr 2011 07:39 AM PDT

We are adding an additional position in the iPath S&P 500 VIX Short-Term Futures ETN (symbol: VXX) at the current intra-day price of $23.68. We now have three positions in VXX in our watch … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Extends Losses, Hitting 3-day Low

Posted: 26 Apr 2011 07:37 AM PDT

Forex Pros – The pound extended losses against the U.S. dollar on Tuesday, falling to a three-day low, as investors pared bets on monetary tightening from the Bank of England after data showed British factory orders slumped this month.<br /><br />GBP/USD hit 1.6432 during U.S. morning trade, the pair&rsquo;s lowest since April 21; the pair subsequently consolidated at 1.6443, shedding 0.33%.<br /><br />Cable was likely to find support at 1.6384, the low of April 21 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Turbulent 1Q For Delta Air Lines On Higher Fuel Prices

Posted: 26 Apr 2011 02:30 AM PDT

04/26/11 Delta Air Lines reported a 1Q loss on Tuesday led by higher fuel … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD At 16-month High Ahead Of Fed Rate Decision

Posted: 26 Apr 2011 07:24 AM PDT

Forex Pros – The euro held gains against the U.S. dollar on Tuesday, trading close to a 16-month high ahead of an key interest rate decision by the U.S. Federal Reserve on Wednesday.<br /><br />EUR/USD hit 1.4652 during early U.S. trade, the pair&rsquo;s highest since December 15 2009; the pair subsequently consolidated at 1.4634, gaining 0.36%.<br /><br />The pair was likely to find support at 1.4327, the low of April 20 and resistance at 1.4775, the high of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Crude Steady Above $112

Posted: 26 Apr 2011 01:45 AM PDT

04/26/11 Front month crude remained slightly above $112 a barrel this session as reported price concerns from Saudi Arabia ministers clashed with another day of a weaker … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Staffline Eyes Government Work Initiatives With Fourstar Acquisition

Posted: 26 Apr 2011 02:16 AM PDT

Staffline, the AIM quoted recruitment, training and outsourced human resources business, has completed the acquisition of Fourstar Employment amp; Skills Ltd for £3 million in cash. Fourstar is a Midlands-focused contractor to the UK government specialising in the welfare to work market and has been a Flexible New Deal provider in the Birmingham and Solihull area since October 2009. Following the replacement of that programme with the Work Programme under the new government, the company has … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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