Friday, May 13, 2011

DailyMarkets.com - CA 4Q

DailyMarkets.com - CA 4Q

CA 4Q

Posted: 13 May 2011 09:32 AM PDT

CA Inc. (NASDAQ:CA) reported fourth quarter 2011 adjusted earnings per share (EPS) of 46 cents, in line the Zacks Consensus Estimate. Results were driven by the growing demand for the company's products, partially offset by weakness in Europe.
Revenue
CA Inc. reported fourth quarter revenue of $1.13 billion, up 4.9% from $1.08 billion reported in the year-ago quarter, but short of the Zacks Consensus Estimate of $1.16 billion. Revenue growth can be attributed to continued focus on execution and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

BCE Misses A Penny, Ups Guidance

Posted: 13 May 2011 09:32 AM PDT

Canada's largest telephone operator BCE Inc. (NYSE:BCE) reported first quarter 2011 adjusted earnings per share of 73 cents per ADS (72 Canadian cents), which missed the Zacks Consensus Estimate by a penny.
Earnings climbed 18% from 61 Canadian cents in the year-ago quarter attributable to higher EBITDA, lower pension costs and higher favorable tax adjustment, partly offset by higher depreciation expense and increased interest expense.
Consolidated revenue inched up 0.7% year over year to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Video Game Sales Surge In April

Posted: 13 May 2011 09:02 AM PDT

The video gaming industry reported robust sales figures for the month of April 2011 and took a significant lead over the prior year. According to market research company The NPD Group, US retail video games sales were up 20.0% from the comparable previous year to $961.2 million.
The increase in the overall sales figures of the video game industry was primarily attributable to a delayed Easter holiday and the release of new and popular titles. 
Software sales in the US jumped 24.0% year on … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Allstate CAT Loss Soars For April

Posted: 13 May 2011 09:02 AM PDT

Yesterday, home and auto insurer Allstate Corp. (NYSE:ALL) projected about $1.4 billion in catastrophe (CAT) losses for April 2011. Of this, $1.37 billion has been estimated for the Allstate brand while $30 million of loss is expected from the Encompass brand. This projection is almost close to the CAT loss recorded for whole of 2010.
Allstate's CAT losses in April include 13 natural disasters in the US and Canada. Particularly, tornadoes harshly hit the Midwest and Southern areas such as … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Profit Grows Threefold For Vivo

Posted: 13 May 2011 09:02 AM PDT

Vivo Participacoes (NYSE:VIV), the largest wireless operator in Brazil, reported robust net income of R$710.2 million (approximately $425.8 million), up 270.1% from R$191.9 million (approximately $106.6 million) in the year-ago quarter driven by strong operational activities and lower depreciation expenses. The company reported earnings per ADS of $1.06 in the reported quarter.
Consolidated EBITDA climbed 29.6% year over year to R$1,651.3 million (approximately $990.1 million). The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Scorecard: Ultra Petroleum

Posted: 13 May 2011 09:02 AM PDT

Early this month, natural gas producer Ultra Petroleum Corp. (NYSE:UPL) announced its financial results for first quarter 2011.
Below we have highlighted the analysts' sentiment regarding the company's outlook post earnings results.
Earnings Recap
Ultra Petroleum reported marginally weaker-than-expected first quarter 2011 results, hurt by lower prices.
Earnings per share, excluding special items, were 57 cents, a penny short of the Zacks Consensus Estimate. However, compared with the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Symantec Reports In Line Profit

Posted: 13 May 2011 09:02 AM PDT

Symantec Corporation (NASDAQ:SYMC) reported fourth quarter 2011 earnings per share of 33 cents, in line with the Zacks Consensus Estimate. However, quarterly revenue of $1.67 billion surpassed the Zacks Consensus Estimate of $1.60 billion.
Revenue
Symantec reported fourth quarter 2011 GAAP revenue of $1.67 billion, up 9.0% from $1.53 billion reported in the year-ago quarter. However, revenue for the quarter improved 8.0% on the back of necessary currency adjustments. The increase in revenue was … [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: 13 May 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 GDP.<br/><br/> EUR/USD was trading at 1.4142, down 0.73% at time of writing.<br/><br/> The pair was likely to find support at 1.4124, Thursday&rsquo;s low, and resistance at 1.4442, Monday&rsquo;s high.<br/><br/> Earlier in the day, preliminary official data showed that Gross domestic product in the euro zone rose more-than-expected to a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Tame Inflation And A Rising Dollar Boosts Global Long-ends

Posted: 13 May 2011 08:42 AM PDT

Reluctance among equity investors to drive prices towards 2011 highs and further proof that underlying inflationary pressures are insufficient to rattle the Fed saw buying of treasuries in to the weekend. The rally for treasury prices comes a day after the weakest showing of demand at a 30-year auction in six months, but a rally for the dollar appears to be underpinning a view that a peak in inflation maybe nearby if indeed it is a weaker dollar that has sparked inflation through raising the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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

Posted: 13 May 2011 08:40 AM PDT

Forex Pros – The U.S. Dollar was lower against the Japanese Yen on Friday after the release of U.S. data on CPI.<br/><br/> USD/JPY was trading at 80.65, down 0.36% at time of writing.<br/><br/> The pair was likely to find support at 80.16, Monday&rsquo;s low, and resistance at 81.32, Thursday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that consumer price inflation in the U.S. rose to a seasonally adjusted 0.4% last month, from … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Apple Loses Patent Lawsuit

Posted: 13 May 2011 08:37 AM PDT

Apple Inc. (NASDAQ:AAPL) received an adverse ruling from the International Trade Commission (ITC) in a patent suit against Eastman Kodak (NYSE:EK).
An ITC judge set aside Apple's allegation that Eastman Kodak had violated two of its patents. The ITC also commented that one of the patents was invalid.
Although the judgement is subject to review of the six-member ITC panel, the full commission doesn’t usually contradict the judge’s determinations. ITC has the power of blocking import of products that … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Repsol Posts Solid 1Q

Posted: 13 May 2011 08:37 AM PDT

Repsol YPF S.A. (REPYY.PK) reported adjusted first-quarter 2011 earnings of 89 cents per ADR, up from 76 cents earned a year ago. The improvement can be attributed to higher oil and gas prices as well as solid performance by the liquefied natural gas (LNG) business segment.
Operational Performance
Adjusted Upstream operating income in the quarter was Euro 490 million (US$669.7 million), reflecting a 13.4% increase year over year, mainly due to increased commodity price realizations and lower … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

GBP/USD In A Bearish Breakout With A Wave Equality Projection To 1.6040

Posted: 13 May 2011 08:32 AM PDT

GBP/USD Invalidates Bottom, Targeting 1.6165 and 1.5940 (5/12)
GBP/USD

Short-Term to Medium Term- The US Dollar is gaining across the board on this Friday, and the GBP/USD is sliding.
- As noted in previous post, the GBP/USD invalidated a bottom attempt, and the reverse (a bearish continuation) is materializing.
- The 4H chart shows a swing projection to 1.6040 once the market clears the support pivot at 1.6156.
- If the decline extends, the next support cluster is near 1.5940. Note the RSI … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Regulatory Nod To M&T-WL Merger

Posted: 13 May 2011 08:27 AM PDT

M&T Bank Corporation (NYSE:MTB) went a step ahead in realizing the Wilmington Trust Corporation (NYSE:WL) acquisition. The company has received all regulatory approvals that are needed to materialize this acquisition. The deal is expected to be closed on May 16.
Approval from the New York State Banking Department, the Delaware Banking Commissioner and the Office of Thrift Supervision were recently granted to M&T. It had previously received approval from the Board of Governors of the Federal … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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

Posted: 13 May 2011 08:25 AM PDT

Forex Pros – The British Pound was lower against the U.S. Dollar on Friday after the release of U.S. data on CPI.<br/><br/> GBP/USD was trading at 1.6196, down 0.59% at time of writing.<br/><br/> The pair was likely to find support at 1.6184, today&rsquo;s low, and resistance at 1.6517, Wednesday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that consumer price inflation in the U.S. rose to a seasonally adjusted 0.4% last month, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Australian Dollar: The Downside Prevails

Posted: 13 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

Canadian Dollar: Key ST Resistance At 98

Posted: 13 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

Swiss Franc: The Downside Prevails

Posted: 13 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

Japanese Yen: Under Pressure

Posted: 13 May 2011 08:17 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: 13 May 2011 08:17 AM PDT

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

Earnings Preview: Home Depot

Posted: 13 May 2011 08:02 AM PDT

The Home Depot Inc. (NYSE:HD), the world’s largest home specialty retailer, is scheduled to report its first-quarter 2011 financial results before the opening bell on May 17, 2011. The current Zacks Consensus Estimate for earnings in the quarter is 49 cents a share. For the quarter under review, revenue is expected at $17,042.0 million, according to the Zacks Consensus Estimate.
Fourth-Quarter 2010, Summary
Home Depot surprised with its fourth-quarter 2010 adjusted earnings of 36 cents a share. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Delphi Hikes Dividend

Posted: 13 May 2011 08:02 AM PDT

Yesterday, employee benefits provider Delphi Financial Group Inc. (NYSE:DFG) announced a quarterly dividend of 12 cents, marking a single cent increase from the previous quarter. The new dividend, representing a 9% hike from the previous quarterly dividend, is payable on June 8, 2011 to shareholders of record as of May 25, 2011.
With an increased annual dividend of 48 cents per share, Delphi 's dividend yield stands at 1.6%. Delphi has been consistently increasing dividends since its … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Word From The Floor: Wall Street Opens Lower

Posted: 13 May 2011 08:00 AM PDT

05/13/11 US stocks started in negative territory, but pared back from weakness seen at the open. US consumer sentiment came in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Down During The European Session

Posted: 13 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 Michigan Consumer Sentiment Index.<br/><br/> EUR/USD was trading at 1.4205, down 0.29% at time of writing.<br/><br/> The pair was likely to find support at 1.4124, Thursday&rsquo;s low, and resistance at 1.4442, Monday&rsquo;s high.<br/><br/> Earlier in the day, preliminary data showed that U.S. UoM consumer sentiment rose more-than-expected to a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/JPY Down In European Trading Hours

Posted: 13 May 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 131.07, down 0.60% at time of writing.<br/><br/> The pair was likely to find support at 130.68, today&rsquo;s low, and resistance at 134.03, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the British Pound was down against the U.S. Dollar and the Euro, with GBP/USD shedding 0.33% to hit 1.6239 and EUR/GBP rising 0.23% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Dollar Finds More Friends

Posted: 13 May 2011 07:10 AM PDT

A tame inflation report helped the dollar recoup overnight losses heading into the data although it remains weaker on the day while higher on the week. The past several sessions have highlighted to investors a couple of key facts. First, surging commodity prices are firmly behind rising consumer and producer prices. Authorities nevertheless have limited control over 'free markets' to contain price increases. Second, demand is showing signs of weakening on several fronts in response to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Crude Ralies To Trade Above $100

Posted: 13 May 2011 02:00 AM PDT

05/13/11 Front month crude prices rose to trade above $100 a barrel this session following strong European GDP … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Morning Market Brief

Posted: 13 May 2011 01:15 AM PDT

05/13/11 The latest in news, commentary, and information on what’s moving the US equities … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Next Fifteen Acquires Digital Agency Bourne

Posted: 13 May 2011 02:36 AM PDT

Digital marketing communications group Next Fifteen Communications (LON:NFC) has snapped up CMG Worldwide Limited, trading as Bourne, a global, full-service digital agency with offices in Glasgow, London and New York. Bourne is the latest investment by Next Fifteen in the digital marketing arena. Last year it acquired Type 3 to create Beyond, its first pure digital agency. It also acquired OneXeno in Hong Kong to extend its Bite agency's capabilities. Bite also recently acquired a small web … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Stobart Group Rejects “scurrilous” Claims Over Deal Investigation

Posted: 13 May 2011 01:35 AM PDT

FTSE 250 distribution company Stobart (LON:STOB) has issued a strongly worded rebuff to reports this morning which allege that the Financial Services Authority is considering investigating a deal involving the company buying a property portfolio from its chief executive. The Stobart share price responded with a 6p fall to 129.6p.

Last month, Stobart announced plans to raise £120m in a share placing in order to execute plans to restructure the business into five divisions. At that time, it … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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