Tuesday, May 10, 2011

DailyMarkets.com - DTS Beats; Reaffirms Guidance

DailyMarkets.com - DTS Beats; Reaffirms Guidance


DTS Beats; Reaffirms Guidance

Posted: 10 May 2011 08:02 AM PDT

DTS Inc. (NASDAQ:DTSI) reported first quarter 2011 earnings per share (EPS) of 33 cents, beating the Zacks Consensus Estimate by 2 cents. The upside in earnings was driven by strong revenue growth in the quarter.
Based on the strong first quarter results, DTS reiterated its fiscal 2011 guidance.
Operational Performance
EPS, including stock-based compensation but excluding one-time items, grew 43.5% year over year from 23 cents.
Net income was $5.9 million, up 41.6% year over year. This excludes $0.3 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Earning Scorecard: Time Warner Cable

Posted: 10 May 2011 08:02 AM PDT

Time Warner Cable Inc.(TWC) reported solid first quarter 2011 financial results, which exceeded the Zacks Consensus Estimate, driven by higher Residential, Commercial Subscription and Advertising revenue.
First Quarter Highlights
Quarterly net income on a GAAP basis was $325 million or 93 cents per share compared with a net income of $214 million or 60 cents per share in the prior-year quarter. First quarter 2011 adjusted (excluding special items) earnings per share (EPS) of $1.01 were higher … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


CEC Tops, Boosts Shareholders

Posted: 10 May 2011 07:37 AM PDT

Texas-based CEC Entertainment Inc. (NYSE:CEC), which operates and franchises family dining and entertainment centers, reported first quarter 2011 earnings of $1.71 per share, which surpassed the Zacks Consensus Estimate by 10 cents. Reported earnings also beat the prior-year quarter's earnings of $1.53.
Total revenue climbed 4.1% year over year to $256.4 million, primarily due to higher comparable store sales (up 1.1%). Sales at company-operated restaurants rose 4.1% to $255.2 million and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Caribou Coffee Edges Past Estimates

Posted: 10 May 2011 07:32 AM PDT

Caribou Coffee Company, Inc. (NASDAQ:CBOU) posted first quarter 2011 adjusted earnings of 8 cents per share, which beat the Zacks Consensus Estimate of 5 cents and the year-ago quarter earnings of 3 cents per share.
The company's net sales during the quarter increased 7.8% to $72.3 million, aided by improved performance across all its business lines.
Performance Highlights
Segment wise, Coffeehouse sales spiked 3.6% year over year to $57.6 million during the quarter; as comparable coffeehouse … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Swiss Franc: Under Pressure

Posted: 10 May 2011 07:21 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: 10 May 2011 07:20 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: 10 May 2011 07:20 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: 10 May 2011 07:20 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: 10 May 2011 07:20 AM PDT

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


Euro: Caution

Posted: 10 May 2011 07:20 AM PDT

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


California Pizza Beats Estimates

Posted: 10 May 2011 07:02 AM PDT

California Pizza Kitchen, Inc. (NASDAQ:CPKI) recently posted first quarter 2011 earnings of 9 cents per share, which was above the Zacks Consensus Estimate of 6 cents per share and the company's guided range of 3 cents to 5 cents per share. However, reported earnings missed the prior-year quarter earnings by a penny.
The better-than-expected results were driven by menu optimization program, which focus on higher margin menu items and cost control.
Inside the Headlines Numbers
The pizza … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Stock Market Summary For Tuesday, May 10, 2011 Special Alert On Short Candidates

Posted: 10 May 2011 06:55 AM PDT

From the list of stocks we posted on Monday, May 2, 2011 as potential candidates to sell short we are going to cover the short in North American Palladium Ltd. (symbol: PAL) at the current intra-day price of $4.56. PAL is down close to 20% today.  From the open price on Monday, May 2, 2011 the short position in PAL was added at $6.38 and has returned 28.5% in 8 days.  In addition, as we mentioned in the prior short candidate blog post from last night we … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Einstein Noah Misses On Lower Sales

Posted: 10 May 2011 06:52 AM PDT

Lakewood, Colorado-based Einstein Noah Restaurant Group, Inc. (NASDAQ:BAGL) recently reported first quarter 2011 adjusted earnings of 8 cents per share, which missed the Zacks Consensus Estimate of 12 cents per share. The lower-than-expected results were due to soft same-store sales and commodity cost inflation.
Earnings on a GAAP basis increased to 7 cents per share from 3 cents per share posted in the prior-year quarter.
Total revenue inched up 0.4% year over year to $100.8 million, but was below … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Stalking The USD/CAD In A Short-term Triangle

Posted: 10 May 2011 06:51 AM PDT

USD/CAD Maintains Bullish Momentum and Remains in Rising Channel (5/6)
US Dollar Recovery Supported by Positive NFP Release (5/7 Video)
USD/CAD

Short-Term to Medium Term- The USD/CAD has been consolidating since last Thursday, respecting the 0.97 clip albeit temporarily cracking above it.
- Since then, the market has consolidated in what today appears to be a triangle.
- short-term bullish momentum has been lost, but no bearish momentum is present neither.  In the 1H chart, the market … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – NZD/USD Down During The European Session

Posted: 10 May 2011 06:50 AM PDT

Forex Pros – The New Zealand Dollar was lower against the U.S. Dollar on Tuesday.<br/><br/> NZD/USD was trading at 0.7911, down 0.55% at time of writing.<br/><br/> The pair was likely to find support at 0.7817, Thursday&rsquo;s low, and resistance at 0.7973, Friday&rsquo;s high.<br/><br/> Meanwhile, the New Zealand Dollar was down against the Australian Dollar and the Euro, with AUD/NZD gaining 0.35% to hit 1.3632 and EUR/NZD rising 0.42% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


When Will The European Union Collapse?

Posted: 10 May 2011 06:36 AM PDT

2011? 2012? 2013? 2015? 2020?
Who is willing to make book that the European Union as we know it will no longer exist within any of the time frames highlighted above? You think I'm reaching? I don't. Why? Let's navigate.
The core principle of the Prisoner's Dilemma promotes that individual economic entities will act in their own self interest at the expense of a collective interest. We witness this dilemma at work within many economic circles in the world today.
Why do individual … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


J. C. Penney’s Sales Up, Guides High

Posted: 10 May 2011 06:32 AM PDT

J. C. Penney Company Inc. (NYSE:JCP), one of the leading retailers, recently reported its sales results for the four-week period ended April 30, 2011. The company’s comparable-store sales for April 2011 increased 6.4% with total sales growing 3.4% to $1,261.0 million.
The sales results were positively impacted by the ongoing success of the strategic initiatives taken by the company, including Call it Spring by The ALDO, Liz Claiborne and Claiborne Group coupled with the value offered by its power … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Franklin’s April AUM Improves

Posted: 10 May 2011 06:32 AM PDT

Franklin Resources Inc. (NYSE:BEN) reported preliminary assets under management (AUM) of $733.1 billion by its subsidiaries for the end of April. Results were up 4.2% from $703.5 billion as of March 31, 2011 and 21.7% from $602.5 billion as of April 30, 2010.
At April end, total equity assets were $321.3 billion, up 4.0% sequentially and 21.4% year over year. Of the total equity assets, roughly 73% were from international sources while the remaining 27% were from the U.S.
Total fixed income assets … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Earnings Scorecard: Archer Daniels

Posted: 10 May 2011 06:32 AM PDT

Decatur, Illinois based Archer Daniels Midland Company (NYSE:ADM), one of the leading food processing companies in the world, recently posted its third-quarter 2011 results. The street analysts had nearly a week to ponder on the news. In the paragraphs that follow, we will cover the recent earnings announcement, subsequent analysts’ estimate revisions as well as the Zacks Rank and long-term recommendation on the stock.
Quarterly Review
On May 03, 2011, Archer Daniels reported robust third-quarter … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Positive Sentiment In Place

Posted: 10 May 2011 06:32 AM PDT

There may not be much in common between copper and coffee or oil and cotton. But there is a common thread through each commodity’s exposure to the health of the global economy. After all, it is the forces of supply and demand that are the final determinants of prices, though short-term deviations from fundamentals are not uncommon either.

The reversal of last week’s sharp pullback in commodity prices and weakness in stocks reflected a re-assessment of the U.S. economy following Friday’s … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Stock Market News Briefs: Apple, Dollar Thrifty Automotive Group, Hecla Mining Company, Hospitality Properites Trust, Hertz Global Holdings, Inc, Infinity Pharmaceuticals, Nuance Communications, Piper Jaffray Companies, Research In Motion Limited, Tyson Foods

Posted: 10 May 2011 06:32 AM PDT

    Hospitality Properties (NYSE:HPT) reported Q1 FFO of $0.83, topping the Zacks Consensus Estimate of $0.81 per share by 2 cents. Revenues for the quarter rose 10.9% year-over-year to $281.9 million, beating the Zacks Consensus Estimate of $262.0 million

    Hertz Global Holdings, Inc. (NYSE:HTZ) raised its offer to acquire Dollar Thrifty Automotive Group, Inc. (NYSE:DTG) to $72 a share in cash and stock. The news sparked the share prices of Dollar Thrifty to rise … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


IFF Beats, Guides High

Posted: 10 May 2011 06:32 AM PDT

International Flavors & Fragrances Inc. (NYSE:IFF) reported encouraging results for the first quarter of fiscal 2011. Adjusted earnings per share in the quarter increased 21% year over year to $1.03 compared with 85 cents in the year-ago quarter. Results were also above the Zacks Consensus Estimate of 94 cents.
Revenue
Net sales in the first quarter were $714 million, up 9% year over year and above the Zacks Consensus Estimate of $686 million. On a constant currency basis, revenue increased by … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/CHF Up In European Trade

Posted: 10 May 2011 06:25 AM PDT

Forex Pros – The Euro was higher against the Swiss Franc on Tuesday.<br/><br/> EUR/CHF was trading at 1.2594, up 0.57% at time of writing.<br/><br/> The pair was likely to find support at 1.2485, Monday&rsquo;s low, and resistance at 1.2795, Thursday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the U.S. Dollar and up against the Japanese Yen, with EUR/USD shedding 0.14% to hit 1.4345 and EUR/JPY rising 0.17% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


USD/CHF Attempts To Push Above 0.88 To 0.8950

Posted: 10 May 2011 06:19 AM PDT

USD/CHF Forms Double Top…(5/9)
USD/CHF

Short-Term to Medium Term- The USD/CHFwas seen attempting to develop a double top yesterday, but it was also noted that this came after a bullish impulse wave.
- The implication was that after an abc correction, the double top needs to be tested before the market can confirm bearish action from topping.
- Instead the abc correction was complete, and the bull run is resuming. The momentum is still bullish according to the 1H RSI reading, which remained … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Morning Market Brief

Posted: 10 May 2011 06:15 AM PDT

05/10/11 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


Dollar Rebound Slow And Steady

Posted: 10 May 2011 06:14 AM PDT

The euro is marginally higher despite facing an earlier threat in the shape of more financial aid for Greece following that country's fourth ratings downgrade in 13 months. The dollar continues to take back ground this morning stolen from it at times of growing risk aversion, while the Canadian dollar overlooks a decline in the price of crude oil as the economy warms in its newfound political stability for the first time in seven years.
U.S. Dollar – The dollar index gained Tuesday … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Viacom Remains Neutral

Posted: 10 May 2011 06:02 AM PDT

Viacom Inc. (VIA.B) reported excellent financial results for the second quarter of fiscal 2011. Both top line and bottom line were well ahead of the Zacks Consensus Estimates. Strong viewership rating for Viacom's cable channels resulted in higher advertising revenue. In addition to the domestic market, advertising revenue from the U.K. and Latin America also witnessed double-digit growth. Viacom has sold its loss making Harmonix video game businesses that will help the company to further … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/CAD Down In European Trading Hours

Posted: 10 May 2011 06:00 AM PDT

Forex Pros – The U.S. Dollar was lower against the Canadian Dollar on Tuesday.<br/><br/> USD/CAD was trading at 0.9609, down 0.09% at time of writing.<br/><br/> The pair was likely to find support at 0.9569, Thursday&rsquo;s low, and resistance at 0.9713, Thursday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was down against the Euro and up against the British Pound, with EUR/USD gaining 0.03% to hit 1.4370 and GBP/USD falling 0.23% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex Trading: EURUSD Moves To New Day Highs. Looking For Momentum

Posted: 10 May 2011 05:58 AM PDT

The EURUSD has moved above the high for the day (1.4377) and looks to extend higher. The next target is the 1.4405 level followed by the high for the week at 1.4441.
The rally higher was helped when the corrective move lower held the underside of the trendline. This inability to break back below the trendline gave buyers a reason to buy and the move higher toward the early far east highs at 1.4375 ensued.  This last leg higher is the market probe to see if momentum can be sustained.

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


Jobs Are Coming Back

Posted: 10 May 2011 05:55 AM PDT

1. A Graduation Gift for College Seniors: Jobs. The job prospects for the more than 1.6 million college students graduating this year will be the best since 2008. (HT: Steve Bartin)

2. Monster European Employment Index Reports 26 Percent Annual Growth Rate. Industrial production related sectors continue to lead the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Reports That Greece Will Get More Funds From EFSF Stems Recent Sovereign Debt Concerns

Posted: 10 May 2011 05:43 AM PDT

We came into this week with Euro-zone sovereign debt issues as the main story. The problem is that without being able to go to money markets to raise funds in 2012 – as originally laid out in Greece's rescue deal – Greece will be short around €25 billion it needs to meet its obligations.
A "secret' meeting between finance ministers from Germany, France, Italy, Spain and Greece met on Friday, and rumors swirled that Greece may be threatening walking away from the Euro.Those rumors … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


EUR/USD Completing An ABC Correction By US Session

Posted: 10 May 2011 05:36 AM PDT

EUR/USD Signals Bearish Continuation Ahead of the European Session (5/9)
EUR/USD

Short-Term- The EUR/USD did not break below yesterday's low near 1.4250 in the European session. Instead a rally developed and is near 1.44 as we gear up for the US session.
- Notice that the 1.44 level is the wave equality projection of the previous correction swing. In other words this is a c=a target for an abc correction.
- Another name for this is a Gartley pattern, and the implication is that it has … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Manufacturing Is Leading The Whole Economy

Posted: 10 May 2011 05:33 AM PDT

Bloomberg — “Once-ailing manufacturers are enjoying a robust rebound as cost-saving moves from job cuts to a greater reliance on technology help drive stronger-than-forecast growth. The shift has helped set the stage for a potential "manufacturing renaissance," says James Paulsen, chief investment strategist at Minneapolis-based Wells Capital Management. He predicts the industry will set the pace for U.S. expansion and the American stock market during this decade, as technology did in the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


J. C. Penny’s Sales Up, Guides High

Posted: 10 May 2011 05:32 AM PDT

J. C. Penney Company Inc. (NYSE:JCP), one of the leading retailers, recently reported its sales results for the four-week period ended April 30, 2011. The company’s comparable-store sales for April 2011 increased 6.4% with total sales growing 3.4% to $1,261.0 million.
The sales results were positively impacted by the ongoing success of the strategic initiatives taken by the company, including Call it Spring by The ALDO, Liz Claiborne and Claiborne Group coupled with the value offered by its power … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Newmont Sells Stake To Government

Posted: 10 May 2011 05:27 AM PDT

Newmont Mining Corp. (NYSE:NEM) sold its 7% stake in PT Newmont Nusa Tenggara (NNT), partly owned by Newmont and Japan’s Sumitomo Corporation to the government.
NNT plans to raise about $500 million in a public offering by selling a 10% stake within 12 months.
The divesture was in compliance with the Contract of Work with the government of Indonesia. The financial details of the divesture were not disclosed but it is assumed that the deal was $246.8 million. The stake went to the state investment … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Swiss Data Disappoints, CPI And Consumer Confidence Weaker Than Expected

Posted: 10 May 2011 05:26 AM PDT

Swiss Franc Strength Based on Some Fundamental Factors, Not Just Safe Haven
The Swiss Franc had been strengthening of late, as there was some swing towards safe haven in late April and early May which tends to favor it, but also we had indications from the Swiss National Bank that the economy was growing more strongly than the bank had anticipated, and that had created risks of higher inflation.
The SNB Chairman Philipp Hildebrand, on April 29th, made the case that despite the 15% climb in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


GBP/CHF Setting Up A Short-term Negative Reversal Signal

Posted: 10 May 2011 05:03 AM PDT

GBP/CHF

Short-Term- The GBP/CHF started to rally last Thursday from 1.4110 and found resistance Friday below 1.4430 (61.8% retracement) of the swing from 1.46 to 1.4110. A break above 1.4450 threatens to test 1.46.
- However, as the market respects the 61.8% retracement level and the RSI reading in the 4H chart remains below 60, the market is still maintaining the bearish mode and momentum.
- A break below a local pivot at 1.4265 forms a double top and suggests bearish continuation at least … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/GBP Up During The European Session

Posted: 10 May 2011 05:00 AM PDT

Forex Pros – The Euro was higher against the British Pound on Tuesday.<br/><br/> EUR/GBP was trading at 0.8786, up 0.34% at time of writing.<br/><br/> The pair was likely to find support at 0.8720, today&rsquo;s low, and resistance at 0.9042, Thursday&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the U.S. Dollar and the Japanese Yen, with EUR/USD gaining 0.04% to hit 1.4371 and EUR/JPY rising 0.35% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – GBP/CHF Up In European Trade

Posted: 10 May 2011 04:30 AM PDT

Forex Pros – The British Pound was higher against the Swiss Franc on Tuesday.<br/><br/> GBP/CHF was trading at 1.4343, up 0.29% at time of writing.<br/><br/> The pair was likely to find support at 1.4111, Thursday&rsquo;s low, and resistance at 1.4412, Friday&rsquo;s high.<br/><br/> Meanwhile, the British Pound was down against the U.S. Dollar and the Euro, with GBP/USD shedding 0.37% to hit 1.6344 and EUR/GBP rising 0.26% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – AUD/USD Down In European Trading Hours

Posted: 10 May 2011 04:00 AM PDT

Forex Pros – The Australian Dollar was lower against the U.S. Dollar on Tuesday.<br/><br/> AUD/USD was trading at 1.0790, down 0.17% at time of writing.<br/><br/> The pair was likely to find support at 1.0538, Thursday&rsquo;s low, and resistance at 1.0812, Monday&rsquo;s high.<br/><br/> Meanwhile, the Australian Dollar was up against the Euro and the Japanese Yen, with EUR/AUD shedding 0.05% to hit 1.3287 and AUD/JPY rising 0.20% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/CHF Up During The European Session

Posted: 10 May 2011 03:20 AM PDT

Forex Pros – The U.S. Dollar was higher against the Swiss Franc on Tuesday.<br/><br/> USD/CHF was trading at 0.8766, up 0.56% at time of writing.<br/><br/> The pair was likely to find support at 0.8558, Thursday&rsquo;s low, and resistance at 0.8805, today&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was up against the Euro and the Japanese Yen, with EUR/USD shedding 0.13% to hit 1.4346 and USD/JPY rising 0.40% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


EnQuest To Acquire Majority Stake In Crawford And Porter Developments

Posted: 09 May 2011 11:36 PM PDT

EnQuest (LON:ENQ), the largest UK independent oil and gas producer in the UK North Sea, has agreed a deal with Fairfield Acer Ltd to farm in to UK Continental Shelf Block 9/28a – Area B, which contains the Crawford oil field and the 9/28a -18 Porter oil discovery. EnQuest already holds a 19% interest in the block following last November's acquisition of Stratic Energy Corporation. With this agreement it will acquire a further 32% interest in return for carrying Fairfield for certain … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


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