Tuesday, May 17, 2011

DailyMarkets.com - Boeing Richer By $1 Billion

DailyMarkets.com - Boeing Richer By $1 Billion


Boeing Richer By $1 Billion

Posted: 17 May 2011 12:02 PM PDT

The Boeing Company (NYSE:BA) received almost a billion dollar worth of contract from the U.S. Air Force to carry out on three separate contracts. Of the trio the largest contract of $962.5 million is to build five C-17 aircraft for the U.S. Air Force. The C-17 is a large military transport aircraft.
The second contract is a $9.3 million firm-fixed-price contract modification to provide a quantity of 389 MK-82 SAASM/AJ Joint Direct Attack Munitions. The Joint Direct Attack Munition is a guidance … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Earnings Scorecard: Merck

Posted: 17 May 2011 12:02 PM PDT

Following the release of first quarter 2011 results on April 29, 2011, there have been significant revisions to the annual estimates for Merck & Co., Inc. (NYSE:MRK) for 2011 and 2012 by a majority of the analysts covering the global research-driven pharmaceutical products company.
First Quarter Highlights
Merck's adjusted earnings per share for the first quarter of 2011 came in at $0.92, well above the Zacks Consensus Estimate of $0.84 and the year-ago earnings of $0.83. Double-digit growth … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Myriad Remains Neutral

Posted: 17 May 2011 12:02 PM PDT

Recently, we reaffirmed our 'Neutral' recommendation on Myriad Genetics (NASDAQ:MYGN) with a target price of $25.00
Myriad reported another strong quarter with a 13% growth in revenues to $102.4 million. While pricing contributed 5% to the growth, the remaining 8% came from an increase in sample volumes. Revenues derived from Oncology and Woman's Health increased 13.5% (to $73 million) and 11% (to $29.3 million), respectively. It is also encouraging to note that the company has experienced … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Amylin Sues Exenatide Partner Lilly

Posted: 17 May 2011 11:32 AM PDT

Amylin Pharmaceuticals, Inc. (NASDAQ:AMLN) is suing its exenatide partner Eli Lilly and Company (NYSE:LLY) in the US District Court for the Southern District of California. According to Amylin, Eli Lilly has violated its agreement with Amylin for exenatide. Amylin believes that Eli Lilly is engaging in anticompetitive activities thereby breaching its agreement for the maximization of sales of exenatide.
Exenatide Partnership Dates Back to 2002
Amylin and Eli Lilly's partnership dates back to 2002 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Chrysler Offers Refinancing Package

Posted: 17 May 2011 11:32 AM PDT

Chrysler Group LLC, 30% owned by Italy's Fiat SpA (FIATY), is expected to restructure its proposed refinancing package this week and repay $7.5 billion in loans to the U.S. and Canada governments, arising from its bailout in 2009, by the end of June. The Detroit-based automaker decided to raise $6 billion in new debt – $3.5 billion in term loans and $2.5 billion in second-lien bonds.
However, the investors showed reluctance regarding the loan portion of the transaction depending on the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Tsunami Damages Industrial Production

Posted: 17 May 2011 11:32 AM PDT

Total Industrial Production was unchanged in April relative to March, which was well below the expected 0.5% increase. That is a very disappointing performance. The revisions were also downbeat, with the March number being revised to up 0.7% from 0.8% and February revised down from -0.1% to -0.3%. Relative to a year ago, total Industrial Production is up 5.0%. In normal times, that would be great growth, but for coming out of a deep recession, it is just OK.

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


Are Molycorp, Newmont, And Other Miners Too Risky Now?

Posted: 17 May 2011 11:18 AM PDT

http://www.minyanville.com/businessmarkets/articles/molycorp-miners-mining-companies-gold-miners/5/17/2011/id/34599

By Raghu Gullapalli, contributing writer
 I hate telling people, "I told you so." But when it comes to the crash in commodity prices, especially the rare earth sector, "I TOLD YOU SO!" Given the recent rumbling in commodities as a whole, this may come off as a time machine call out.  But I can honestly say I've been talking about this for days.   I … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – AUD/USD Up In U.S. Trade

Posted: 17 May 2011 11:15 AM PDT

Forex Pros – The Australian Dollar was higher against the U.S. Dollar on Tuesday after the release of U.S. data on Housing Starts.<br/><br/> AUD/USD was trading at 1.0588, up 0.31% at time of writing.<br/><br/> The pair was likely to find support at 1.0506, today&rsquo;s low, and resistance at 1.0716, Friday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that the number of housing starts in the U.S. fell unexpectedly to a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex Trading: EURUSD Reaches New Highs For The Day. Tests 1.4235 Target

Posted: 17 May 2011 11:09 AM PDT

As discussed in the Midday Forex Commentary, the EURUSD was likely to break the range defined in the NY session with the 100 hour MA on the top and the 1.4122 level on the bottom defining the range. The extension came when the bulls pushed the market through the 100 hour MA at the 1,4187 level and the price quickly moved its way to the next target (the 50% Retracement on the move down from May 11th). That level comes in at the 1.4235 level and the high has peaked at that level.
Longs are … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Lindsay Upgraded To Outperform

Posted: 17 May 2011 11:02 AM PDT

Lindsay Corporation (NYSE:LNN) has been upgraded to Outperform considering its steady progress in every quarter with its Irrigation and Infrastructure revenues growing substantially.
The company's long-term outlook for the Irrigation segment looks promising as the United States Department of Agriculture (USDA) projects farm income to increase by 20% in 2011. However, revenues for the Infrastructure segment depend on government funding of transportation projects, which have been facing pressure … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Amylin Sues Exenatide Partner Lilly

Posted: 17 May 2011 11:02 AM PDT

Amylin Pharmaceuticals, Inc. (NASDAQ:AMLN) is suing its exenatide partner Eli Lilly and Company (NYSE:LLY) in the US District Court for the Southern District of California. According to Amylin, Eli Lilly has violated its agreement with Amylin for exenatide. Amylin believes that Eli Lilly is engaging in anticompetitive activities thereby breaching its agreement for the maximization of sales of exenatide.
Exenatide Partnership Dates Back to 2002
Amylin and Eli Lilly's partnership dates back to 2002 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


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

Posted: 17 May 2011 10:45 AM PDT

Forex Pros – The New Zealand Dollar was higher against the U.S. Dollar on Tuesday after the release of U.S. data on Industrial Production.<br/><br/> NZD/USD was trading at 0.7820, up 0.31% at time of writing.<br/><br/> The pair was likely to find support at 0.7756, Monday&rsquo;s low, and resistance at 0.7991, Thursday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that U.S. industrial production remained unchanged unexpectedly at … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


“USD More Expensive…stocks Less Attractive”

Posted: 17 May 2011 10:35 AM PDT

05/17/11 OnPoint Executions’ Bobby Heller weighs in on the pullback in crude oil prices, and pressure on the tech … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Profitable Quarter For HP

Posted: 17 May 2011 10:32 AM PDT

Hewlett-Packard Company (NYSE:HPQ) reported second quarter 2011 earnings per share (EPS) of $1.24, exceeding the Zacks Consensus Estimate of $1.21. However, revenue of $31.6 billion exceeding the Zacks Consensus Estimate of $31.5 billion.
Revenues
Revenues increased 3.0% to $31.6 billion reported in the year-ago period, and up 1.0% on a constant currency basis. The company reported broad-based revenue growth across all its segments except the Personal Systems Group.
Moreover, the company's … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Urban Outfitters Misses Estimate

Posted: 17 May 2011 10:32 AM PDT

Urban Outfitters Inc. (NASDAQ:URBN), the retailer of apparel, footwear, and accessories, recently posted lower-than-expected results for the first quarter ended April 30, 2011. The quarterly earnings of 23 cents a share missed the Zacks Consensus Estimate of 25 cents, and dropped 25.8% from 31 cents earned in the prior-year quarter.
Despite registering a high single-digit growth in the top line, the company witnessed a drop in the bottom line due to an 18.4% rise in the cost of sales and an increase … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Rowan To Offload LeTourneau

Posted: 17 May 2011 10:32 AM PDT

Rowan Companies, Inc. (NYSE:RDC) has struck an asset sale deal with a leading mining equipment maker, Joy Global Inc. (NASDAQ:JOYG) for its manufacturing unit, LeTourneau Technologies, Inc. The all-cash transaction worth $1.1 billion has been approved by the companies' boards of directors and is scheduled to close within 60 days, following regulatory approval.
The Houston, Texas-based contract drilling and aviation service provider expects to utilize the after-tax proceeds from the sale, estimated at … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Earnings Preview: Intuit Inc.

Posted: 17 May 2011 10:32 AM PDT

Intuit Inc. (NASDAQ:INTU) is scheduled to announce its third quarter fiscal 2011 results on May 19, and we see some upward estimate revisions at this point reflecting a positive sentiment on the stock.
Second Quarter Overview
Intuit reported a modest second quarter, missing our estimates both in terms of revenue and earnings per share (EPS). The quarter's EPS of 25 cents was also lower than 31 cents reported in the year-ago quarter. The miss was due to weak contributions from the Consumer Tax and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


USD/CHF Turns Back Towards Critical Pivot At 0.88

Posted: 17 May 2011 10:23 AM PDT

USD/CHF Knocking at the 0.8950 Resistance Pivot (5/15)
USD/CHF

Short-Term to Medium-Term- The USD/CHF respected the 0.8950 resistance cluster and fell to 0.88 yesterday before paring some losses.
- Today, the market continues a bearish attempt from 0.8880.  A swing that satisfies wave equality in an ABC correction scenario targets 0.8740.
- However, the bullish risk remains if the market fails to break below 0.88. If it does break below this, we can see that it serves as a neckline for … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Black Swan , Taleb – Reminding Everyone – Have A Risk Strategy From The Start!

Posted: 17 May 2011 10:18 AM PDT

Remember – you can't "predict", which is why its important to maintain constant protection.  SmartStops is producing intelligent self-adjusting baseline numbers that are derived from careful analysis of the individual equity's behavior.  And they further optimized based on macro conditions.  Thus providing you the capability to take a pro-active or re-active approach to managing your risk. 
 from an interview with the infamous  Nassim Taleb of Black Swan … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Negotiating To Buy Real Estate In Raleigh

Posted: 17 May 2011 10:02 AM PDT

Rick would soon be negotiating to buy real estate in Raleigh.  First he wanted to improve his negotiating skills.  Rick wanted a good deal.  Mainly he didn't want to get taken.  What to do first?
Rick was at work.  He liked talking things over with Lisa.  He told her he was feeling overwhelmed with the advice he was receiving.  Much advice contradicted itself.  Amazon had quite a variety of books on the subject of negotiation.  He was planning to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – GBP/USD Up In U.S. Trade

Posted: 17 May 2011 10:00 AM PDT

Forex Pros – The British Pound was higher against the U.S. Dollar on Tuesday after the release of U.K. data on CPI.<br/><br/> GBP/USD was trading at 1.6207, up 0.10% at time of writing.<br/><br/> The pair was likely to find support at 1.6147, Friday&rsquo;s low, and resistance at 1.6380, Thursday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that Consumer price inflation in the U.K. rose more-than-expected to a seasonally adjusted … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Home Depot Profits Up, Revs Down

Posted: 17 May 2011 09:57 AM PDT

The world’s largest home improvement retailer, The Home Depot Inc. (NYSE:HD), posted its first-quarter 2011 adjusted earnings of 50 cents a share. The adjusted earnings not only surpassed the prior-year quarters’ earnings of 45 cents (an increment of 11.1%), but also outpaced the Zacks Consensus Estimate by a penny.
During the reported quarter, net sales inched down 0.2% to $16,823.0 million compared with $16,863.0 million in the prior-year quarter, missing the Zacks Consensus Estimate of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Shell-Taiwan In Long-Term LNG Deal

Posted: 17 May 2011 09:57 AM PDT

Royal Dutch Shell plc (RDS.A) has entered into a long-term contract with Taiwan's state controlled CPC Corporation. Shell executed the deal through its unit, Shell Eastern Trading (Pte.) Ltd, which trades as Shell Eastern LNG. The financial terms of the deal was not disclosed.
As per the Heads of Agreement (HOA), Shell will supply two million tones per annum of liquefied natural gas (LNG) to Taiwan. The deal expands over a period of 20 years, starting in 2016. 
Shell will supply LNG from … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


European Markets Close Lower; Dax Down 1.77%

Posted: 17 May 2011 09:55 AM PDT

Forex Pros – European stocks were down after the closing bell on Tuesday.<br/><br/> At the close of European trade, Germany&rsquo;s DAX fell 1.77%, London&rsquo;s FTSE 100 shed 1.06%, France&rsquo;s CAC 40 declined 1.21% and the EURO STOXX 50 was down 1.10%.<br/><br/> Earlier in the day, data showed that German ZEW economic sentiment fell more-than-expected to 3.1 last month, from 7.6 in the preceding month.<br/><br/> Analysts had expected … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Yen Drops On BofJ Comments

Posted: 17 May 2011 04:45 AM PDT

05/17/11 The Japanese yen took a dive this session against its major counterparts after BofJ Governor Shirakawa said the economy is in a “very severe” … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Will Apple’s Profits Be Investigated Next?

Posted: 17 May 2011 09:29 AM PDT

Q1 2011
   ExxonMobil    
Apple

Revenue
$114.0B
$24.7B

Earnings Before Tax
$18.94B
$7.96B

Income Taxes
$8.0B
$1.9B

Net Profit
$10.65B
$5.98B

Effective Tax Rate
42.20%
24.22%

Profit Margin
9.30%
24.27%

Profit/Employee
$127,392
$128,470

I wouldn’t want to give Obama or Congress any ideas, but in the first quarter of 2011, Apple was more profitable than ExxonMobil based based on both having a higher profit margin (24.27% vs. 9.30% for Exxon) and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Sliding Equities Draw Bond Buyers

Posted: 17 May 2011 09:19 AM PDT

Minting new phrases such as "reprofile" to float the idea of a solution to the problematic health of peripheral European governments' debt misses the point that none of the previously floated solutions appear to be long-lasting. Fatigue among investors hanging on in vain for positive news out of Brussels appeared to be playing a role in driving government bond yields to the lowest in 2011. Tepid U.S. data added to rising demand for the safety of treasuries regardless of the ugly state of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


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