Friday, May 6, 2011

DailyMarkets.com - BJ’s Delivers Healthy Sales

DailyMarkets.com - BJ’s Delivers Healthy Sales

BJ’s Delivers Healthy Sales

Posted: 06 May 2011 09:02 AM PDT

BJ's Wholesale Club Inc. (NYSE:BJ), a leading warehouse club operator in the United States, recently posted healthy sales results for the four-week period ended April 30, 2011.
After registering a jump of 5.3% in March 2011, BJ's experienced comparable club sales growth of 8.5% in April. Rising gasoline prices positively impacted comparable club sales by 4.4% during the four-week period. The company indicated that comparable club sales rose 4.6% in the prior-year period.
For the thirteen-week … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EOG Delivers An Impressive 1Q

Posted: 06 May 2011 09:02 AM PDT

EOG Resources Inc. (NYSE:EOG), a major independent oil and gas exploration and production company, reported better-than-expected adjusted first-quarter 2011 results on the back of 14% production growth as well as higher commodity prices. Quarterly earnings of 68 cents per share topped the Zacks Consensus Estimate of 54 cents and showed an improvement from 46 cents earned in the year-earlier quarter.
Total revenue increased over 38% year over year to $1,897.1 million, and exceeded the Zacks … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

USD/CAD Maintains Bullish Momentum And Remains In Rising Channel

Posted: 06 May 2011 09:02 AM PDT

USD/CAD Tests Bearish Momentum after 50% Retracement (5/5)
A Technical Look at USD Crosses Ahead of the NFP (5/5)
USD/CAD

Short-Term to Medium Term- The USD/CAD has so far completed a 3-wave correction to the rally since 0.9450.
- The 1H chart shows that this correction found support at the 0.9570, 50% retracement level. The rally here also respects a well defined rising channel's support.
- The RSI remains above 40, reflecting maintenance of the bullish momentum established when the … [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: 06 May 2011 09:00 AM PDT

Forex Pros – The Euro was lower against the U.S. Dollar on Friday after the release of U.S. data on Nonfarm Payrolls.<br/><br/> EUR/USD was trading at 1.4493, down 0.28% at time of writing.<br/><br/> The pair was likely to find support at 1.4458, today&rsquo;s low, and resistance at 1.4940, Wednesday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that U.S. non-farm payrolls rose more-than-expected to a seasonally adjusted 244K last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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

Posted: 06 May 2011 08:40 AM PDT

Forex Pros – The U.S. Dollar was higher against the Japanese Yen on Friday.<br/><br/> USD/JPY was trading at 80.51, up 0.55% at time of writing.<br/><br/> The pair was likely to find support at 79.57, Thursday&rsquo;s low, and resistance at 81.69, Monday&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 0.26% to hit 1.4494 and GBP/USD rising 0.19% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

FTI Consulting Delivers Mixed 1Q

Posted: 06 May 2011 08:32 AM PDT

FTI Consulting Inc.'s (NYSE:FCN) first quarter 2011 adjusted earnings of 48 cents per share were in line the Zacks Consensus Estimate but deteriorated from the year-ago performance of 67 cents. Earnings were lower than expected due to a host of factors like LECG Corporation acquisition-related cost, lower adjusted segment EBITDA in the corporate finance/restructuring segment as well as some incremental investments in headcount in other segments.
On a GAAP basis, earnings were the same as … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Cincinnati Bell Beats Consensus

Posted: 06 May 2011 08:32 AM PDT

Cincinnati Bell (NYSE:CBB) reported first quarter 2011 adjusted earnings of 8 cents per share, ahead of the Zacks Consensus Estimate of 6 cents but well below 12 cents earned in the year-ago quarter.
Revenues spiked 11% year over year to $360.8 million in the reported quarter and inched past the Zacks Consensus Estimate of $344 million. The increase in revenue was driven by higher Data Center Colocation as well as IT Services and Hardware revenues, partially offset by declines across Wireline and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Sunoco In The Red

Posted: 06 May 2011 08:32 AM PDT

Oil refiner and marketer Sunoco Inc. (SUN) reported a dull first quarter, weighed down by inflationary market conditions coupled with operational disturbance at two refineries.
The company reported loss per share (excluding special items) of $1.01 in first quarter 2011, much wider than the Zacks Consensus Estimate of loss of 5 cents. In the year-ago quarter, Sunoco posted an income of 14 cents per share (adjusted).
Quarterly revenue came in at $10.6 billion compared with $8.2 billion in the … [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: 06 May 2011 08:25 AM PDT

Forex Pros – The British Pound was higher against the U.S. Dollar on Friday after the release of U.S. data on Nonfarm Payrolls.<br/><br/> GBP/USD was trading at 1.6426, up 0.25% at time of writing.<br/><br/> The pair was likely to find support at 1.6355, today&rsquo;s low, and resistance at 1.6739, Monday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that U.S. non-farm payrolls rose more-than-expected to a seasonally adjusted 244K … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Swiss Franc: Under Pressure

Posted: 06 May 2011 08:20 AM PDT

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

Australian Dollar: The Downside Prevails

Posted: 06 May 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 98

Posted: 06 May 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: Under Pressure

Posted: 06 May 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: The Downside Prevails

Posted: 06 May 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

Euro: Capped By A Negative Trend Line

Posted: 06 May 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

Dealers Take Payroll Data With A Pinch Of Salt

Posted: 06 May 2011 08:16 AM PDT

Dealers sold treasury notes following the largest payroll gain by U.S. employers since May, and the biggest private-sector gain since February 2006. Yields rose, but hardly enough to justify the headline number. Investors were either skeptical of the data or perhaps simply less willing to sell bonds at the end of a week in which rising risk aversion was given an official seal of approval by a hammering for commodity prices.
Eurodollar futures – Eurodollar futures buckled at the site of a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

LAMR Losses Shrink, 1Q Beats Estimate

Posted: 06 May 2011 08:02 AM PDT

Lamar Advertising Company (NASDAQ:LAMR) reported its financial results for the first quarter of the fiscal year 2011 on May 4. Earnings per share in the quarter were a loss of 14 cents, an improvement over a loss of 27 cents reported in the first quarter of 2010 and the Zacks Consensus Estimate of 20 cents.
Revenue
In the first quarter, pro forma net revenue increased 4.5% year over year to $255.2 million and registered a pro forma revenue growth of 4.2%. The results were roughly slightly below … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Word From The Floor: Wall Street Rallies On Jobs Reports

Posted: 06 May 2011 08:01 AM PDT

05/06/11 US stocks soared following a better-than-expected employment report. April NFP gained by 244K … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Down During The European Session

Posted: 06 May 2011 08:00 AM PDT

Forex Pros – The Euro was lower against the U.S. Dollar on Friday after the release of U.S. data on Unemployment Rate.<br/><br/> EUR/USD was trading at 1.4509, down 0.17% at time of writing.<br/><br/> The pair was likely to find support at 1.4460, today&rsquo;s low, and resistance at 1.4940, Wednesday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that the U.S. unemployment rate rose unexpectedly to a seasonally adjusted 9.0% last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Gold And Silver Paring Losses This Friday

Posted: 06 May 2011 07:49 AM PDT

Gold Challenging its 2011 Bullish Momentum and Rising Channel (5/5)
Silver Retraces More than 50% of its 2011 Rally (5/5)
Gold (XAU/USD)

Short-Term to Medium Term- Gold is consolidating after a sharp decline at a rising channel support seen in the 4H chart. The medium term bullish momentum is tested, as the RSI in the daily chart tests the 40 reading.
- It is likely that gold can continue its correction, but the declining structure is also likely to have completed a wave (iii), so a wave … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Why Washington Should Pay Attention To The Economy Here And Now

Posted: 06 May 2011 07:44 AM PDT

After a week of non-stop Osama Bin Laden, Washington is now returning to the battle of the budget deficit and debt ceiling.
All over Capitol Hill Republicans and Democrats are debating spending caps and automatic triggers, and whether to begin them before or after Election Day.
But if you don't mind my asking, what about the economy? I'm not talking about the economy five or ten years from now, when projections show the federal budget wildly out of control or when foreigners might start … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

LUK’s 1Q Slips On Higher Taxes

Posted: 06 May 2011 07:42 AM PDT

Leucadia National Corporation (NYSE:LUK) reported its financial results for the first quarter on May 5. In the first quarter, the company generated its net income from continuing operations of 5 cents per share, down compared with 80 cents per share earnings in the year-ago quarter, due primarily to higher taxes in the quarter. Results were also below the Zacks Consensus Estimate of 45 cents.
Revenue
In the first quarter 2011, revenue jumped 9.5% year over year to $284.0 million from $259.3 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

GM Scores Highest In 11 Years

Posted: 06 May 2011 07:42 AM PDT

General Motors Co. (NYSE:GM) earned a profit of $3.2 billion or $1.77 per share in the first quarter of 2011 that increased more than threefold from $865 million or 55 cents per share a year ago. However, more than half of the profits have been contributed by one-time gain from sales of the company's ownership interest in Delphi Automotive LLP ($1.6 billion) and Ally Financial Inc. ($300 million).
Excluding these gains and a $0.4 billion goodwill impairment charge at GM Europe (GME) resulting … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/JPY Up In European Trading Hours

Posted: 06 May 2011 07:40 AM PDT

Forex Pros – The British Pound was higher against the Japanese Yen on Friday.<br/><br/> GBP/JPY was trading at 132.55, up 0.99% at time of writing.<br/><br/> The pair was likely to find support at 130.92, Thursday&rsquo;s low, and resistance at 136.12, Monday&rsquo;s high.<br/><br/> Meanwhile, the British Pound was up against the U.S. Dollar and the Euro, with GBP/USD gaining 0.37% to hit 1.6446 and EUR/GBP falling 0.39% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Titanium Metals Beats Consensus

Posted: 06 May 2011 07:32 AM PDT

Titanium Metals Corporation (TIE) reported net earnings of $28.9 million or 16 cents per share in the first quarter of 2011 surpassing the Zacks Consensus Estimate of 14 cents and increasing from the prior-year earnings of $16.7 million or 9 cents per share.
Revenues
Quarterly revenues of $252 million increased 15.9% year over year and beat the Zacks Consensus Estimate of $232 million. Increased sales were backed by increase in product volumes and higher average selling prices. Improved … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Ocwen Outpaces Estimates

Posted: 06 May 2011 07:32 AM PDT

Ocwen Financial Corporation (NYSE:OCN) reported first quarter 2011 earnings of 27 cents per share, beating the Zacks Consensus Estimate by 2 cents.
The results for the reported quarter excluded $0.9 million in litigation accruals as well as $11.9 million of incremental amortization of upfront fees and original issue discount on its Senior Secured Term Loan (SSTL) related to a partial prepayment of this loan.
Hence, after considering these, Ocwen's net income for the reported quarter stood at … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Following NFP Which Factor Wins Out – Risk Appetite Or US Rate Expectations?

Posted: 06 May 2011 07:30 AM PDT

The US economy surprised forecasts, posting a much better than expected 244K jobs created during the month. Forecasts were calling for a 185K increase, and from other data this week expectations had build for a soft release.

var div = jQuery(“”).css({
width: 670,
height: 300
})
.insertAfter(‘:last’)
.indicatorChart({
‘indicator’: ’287′,
‘country’: ‘USA’
});

With upward revisions to February's and March's data, this is the 3rd straight month that jobs were … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Amazon Is Helping To Pop The College Textbook Bubble And College Bookstores Are Not Happy

Posted: 06 May 2011 07:21 AM PDT

Inside Higher Ed — “College bookstores have been consistently losing ground to the Internet retail giant since it entered the textbook market. With its ability to buy in bulk, low overhead and employee costs, and partnerships with third-party sellers, Amazon has made itself one of the cheapest ways to get books and other retail goods.

So to “level the playing field,” the National Association of College Stores, which represents more than 3,100 college bookstores, has picked a fight with … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Oil Slides On Economic Growth Concerns

Posted: 06 May 2011 02:00 AM PDT

05/06/11 Front month crude prices continued to slide this session as a rise in the unemployment rate and demand concerns have continued an investor … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Morning News Notes: 5.6.11

Posted: 06 May 2011 06:30 AM PDT

The morning news notes as prepared by TL…change in private payrolls, US debt ceiling, Goldman on oil, and commodities take a hit.

 
 ”Morning News Notes: May 6, 2011″

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

Sarantel Sales Back On Track But New Fundraising Looks Imminent

Posted: 06 May 2011 01:24 AM PDT

Sarantel (LON:SLG) , the AIM quoted company that makes high-performance, miniature antennas for mobile and wireless devices, confirmed this morning that year-on-year sales had slipped by £0.4m in the first six months of 2011. However, the company also announced a new $1m order starting in 2012 and said that technical issues, unrelated to its technology but responsible for disrupting sales during the first half of the year had now been resolved. Sarantel said it now wanted to capitalise on … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
at

No comments:

Post a Comment