Monday, May 9, 2011

DailyMarkets.com - Forex – EUR/USD Down In Asian Trade

DailyMarkets.com - Forex – EUR/USD Down In Asian Trade

Forex – EUR/USD Down In Asian Trade

Posted: 09 May 2011 05:05 PM PDT

Forex Pros – The Euro was lower against the U.S. Dollar on Tuesday.<br/><br/> EUR/USD was trading at 1.4356, down 0.07% at time of writing.<br/><br/> The pair was likely to find support at 1.4255, Monday&rsquo;s low, and resistance at 1.4898, Thursday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.10% to hit 0.8748 and EUR/JPY falling 0.29% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Hot Option Plays: Taking A Look At Index Options

Posted: 09 May 2011 04:18 PM PDT

Cusick’s Corner
A few readers have asked me to explain the definition of an index. An index is a grouping of stocks used to track and represent a sector, segment of the market, or a broad market, such as the Standard & Poor’s 500. The S&P500 (SPX) is one of the world’s best known indexes and is the most commonly used benchmark for the US stock market. There are literally hundreds of different indexes traded throughout the world with many tied to securities on US exchanges. There are … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/JPY Down During Asian Trade

Posted: 09 May 2011 04:15 PM PDT

Forex Pros – The U.S. Dollar was lower against the Japanese Yen on Monday.<br/><br/> USD/JPY was trading at 80.33, down 0.04% at time of writing.<br/><br/> The pair was likely to find support at 79.57, Thursday&rsquo;s low, and resistance at 81.19, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.01% to hit 1.4367 and GBP/USD rising 0.01% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Reaffirming Gen-Probe At Neutral

Posted: 09 May 2011 03:57 PM PDT

We maintain our Neutral recommendation on diagnostic products maker Gen-Probe (NASDAQ:GPRO). Revenues and earnings for first-quarter fiscal 2011 beat the Zacks Consensus Estimates, buoyed by healthy growth in the company's clinical diagnostic business. However, profit dipped year over year as revenue growth was masked by higher costs.
Product revenues rose 6% on the back of higher sales from clinical diagnostic products. However, the company's blood screening business (sales down 6%) remained … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Whirlpool To Invest More In Brazil

Posted: 09 May 2011 03:57 PM PDT

Whirlpool Corp. (NYSE:WHR) recently announced a 30% hike in its investments in Brazil for 2011. The company's total investment in the Latin American country amounted to about $180 million last year.
Rising material costs and maturation of the established markets remain the primary headwinds for the company.  
The prices of metals and plastics have shot up significantly, thereby forcing Whirlpool and many of its peers to increase the prices of their products. Hence, demand for products … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

IMF Report States NZD 20% Overvalued On High Interest Rates

Posted: 09 May 2011 03:38 PM PDT

The International Monetary Fund published in a statement today that it considers the New Zealand dollar be currently worth around 20% more than relative estimates of its relative equilibrium exchange rate. The strength of the Kiwi dollar is due central bank benchmark rate, currently at 2.50%, the second highest of major currencies, after Australia's 4.75%.
However, the IMF outlook does state that the NZD may return to "normal" levels as major central banks start raising their own rates as … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – NZD/USD Down In Asian Trade

Posted: 09 May 2011 03:35 PM PDT

Forex Pros – The New Zealand Dollar was lower against the U.S. Dollar on Monday.<br/><br/> NZD/USD was trading at 0.7922, down 0.42% at time of writing.<br/><br/> The pair was likely to find support at 0.7817, Thursday&rsquo;s low, and resistance at 0.7989, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the New Zealand Dollar was down against the Australian Dollar and the Euro, with AUD/NZD gaining 0.30% to hit 1.3626 and EUR/NZD rising 0.35% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Praxair Increases Capacity

Posted: 09 May 2011 03:32 PM PDT

Praxair Inc. (NYSE:PX) recently announced the opening of a new coating facility in Singapore via its wholly-owned subsidiary, Praxair Surface Technologies. The coating facility will primarily tap the growing demand in aviation and energy markets.
The facility has commenced operations by providing thermal spray coatings for gate valve and other critical components used in oil and natural gas production. The company plans to enhance its capabilities by enabling service for aviation and industrial … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

The Day Ahead: Earnings – Walt Disney, Dean Foods, Int’l Flavors And Fragrance, US Wholesale Trade, Import And Export Prices

Posted: 09 May 2011 03:20 PM PDT

05/09/11 The stories, data, and stocks that may have the greatest impact during the next trading … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Hot Option Plays: Buyers Flexing Muscles

Posted: 09 May 2011 03:18 PM PDT

Cusick’s Corner
Buyers are flexing their muscles into the Midday after what seemed to be a potentially shaky open with the Dollar firming and the S&P downgrade of Greece. While the commodity sector will need some more economic confidence building before Funds and Specs come back into those markets after last week’s hit, Equities have bounced off the critical support, 134 on the SPY and 1335 on the June future. It will be worth watching the action to the upside to see if we cannot break … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Cepheid Reiterated Neutral

Posted: 09 May 2011 03:07 PM PDT

Recently, we reaffirmed our Neutral recommendation on Cepheid (NASDAQ:CPHD) with a target price of $34.00.
Cepheid reported an adjusted EPS of 2 cents during the first quarter of fiscal 2011, much better than the loss of 6 cents in the year-ago period and the Zacks Consensus Estimate of a loss of 1 cent. Revenues during the quarter increased 25.4% to $60.2 million, beating the Zacks Consensus Estimate of $57 million.
The upside was driven by a 22% growth in product sales to $57.6 million … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

ITW Authorizes $4B Buyback

Posted: 09 May 2011 03:02 PM PDT

Illinois Tool Works Inc's (NYSE:ITW) board of directors recently authorized the company to buyback approximately $4 billion of common shares, representing roughly 70 million shares based on the May 5 closing share price. No time frame was specified for the execution of the buyback program.
The buyback program is in addition to the company's existing $3.0 billion plan authorized in August 2007, of which $870 million still remains pending. Besides, the board of directors declared to pay a 34 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Schwab Expects Costs To Rise

Posted: 09 May 2011 03:02 PM PDT

Last week, Charles Schwab Corp. (NASDAQ:SCHW) announced its expectation for capital spending on client-related initiatives to increase approximately 40% in 2011 over 2010.
The company increased its earlier projection of 35% increment mentioned in 2010 annual report filed at the end of February 2011 to 40%, driven by anticipated increase in spending on software, equipment related to computer systems and leasehold improvements.
Specifically, Schwab's spending plan includes significant improvement in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Limited Brands Sales Up

Posted: 09 May 2011 03:02 PM PDT

Limited Brands Inc. (NYSE:LTD), a specialty retailer of women's intimate and other apparel, beauty and personal care products recently posted strong sales results for the four-week period ended April 30, 2011 on the heels of healthy sales at its Victoria’s Secret Stores and Bath and Body Works.
The owner of Victoria’s Secret and La Senza chains sustained its growth momentum. Limited Brands' comparable-store sales for April 2011 rose 20%, following a 14% increase in March 2011, and compared … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Scorecard: Safeway

Posted: 09 May 2011 03:02 PM PDT

With the announcement of Safeway Inc.’s (NYSE:SWY) first quarter results on April 28, 2011, estimate revisions by analysts have been mixed.
First Quarter Highlights
Safeway reported an EPS of 7 cents during the first quarter of fiscal 2011. However, after adjusting $80.2 million of tax charge related to repatriation  of income from its Canadian subsidiary, Safeway reported an adjusted EPS of 29 cents beating both the Zacks Consensus Estimate of 28 cents and year-ago quarter's EPS of 26 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Trade Ideas For Tuesday, May 10

Posted: 09 May 2011 02:37 PM PDT

 ( click to enlarge )

There is an interesting pattern developing in FormFactor, Inc. (NASDAQ:FORM). The stock has been consolidating for several months after a horrific decline last year. The Volume has been gradually building on the right side of the base, and stock is testing again its 50-day moving average on decreasing volume. This is constructive action as sellers are not getting aggressive. If this support can hold again it would be a bullish signal and a move to the top of the range … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Berkshire Down On Cat Losses

Posted: 09 May 2011 02:32 PM PDT

Berkshire Hathaway Inc. (BRK.A)( BRK.B) reported its first quarter 2011 operating earnings of $1.64 per share, which marked a 49% year-over-year drop. The deterioration was caused by a decline in operating earnings from its insurance businesses that suffered due to high catastrophe claims.
However, net income, which takes into account investment and derivatives, came in at 61 cents per share, down 59% year over year. The plunge in net income was attributable to a loss of $136 million in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Macy’s Sales Rise

Posted: 09 May 2011 02:22 PM PDT

Macy's, Inc. (NYSE:M), one of the leading department store retailers in the United States, recently posted better-than-expected sales for the four-week period ended April 30, 2011.
Macy's comparable-store sales for April 2011 rose 10.8%, following a marginal increase of 0.9% registered in March 2011, and compared with a 1.1% jump witnessed in April 2010. Management had earlier forecasted an increase of 8% to 9% for the month under review. Comparable-store sales for first-quarter 2011 climbed … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Western Refining Misses

Posted: 09 May 2011 02:22 PM PDT

Oil refiner and marketer Western Refining Inc. (NYSE:WNR) came out with weaker-than-expected first-quarter results, reflecting lower refinery throughput. The company reported earnings per share (excluding special items) of 17 cents, versus the Zacks Consensus Estimate of a profit of 30 cents.
However, the El Paso, Texas-headquartered downstream operator improved considerably from the first-quarter 2010 loss of 35 cents per share (excluding special items) amid higher refining margins and gains from … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Ford’s China Sales Up…Barely

Posted: 09 May 2011 02:22 PM PDT

Ford Motor Co. (NYSE:F) posted a meager 3% rise in sales to 44,340 vehicles in China in April. The company's joint venture partner in China, Chongqing Changan Automobile sold 33,184 vehicles during the month. This has brought the total sales to 184,906 vehicles for the first four months of the year, an increase of 15% from the year-ago quarter.
In contrast, Ford reported a 24.5% increase in sales to 182,542 vehicles during the same month in the U.S. The company's sales were driven by Chevrolet … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Alliant Tech

Posted: 09 May 2011 02:22 PM PDT

Alliant Techsystems Inc. (NYSE:ATK), the world’s leading producer of small-caliber military and commercial ammunition, said it has received orders to produce small caliber ammunition worth more than $488 million pursuant to its contract with the U.S. Army Contracting Command, Rock Island. 
Under the order, Alliant will supply a mixture of 5.56mm, 7.62mm and 0.50 caliber military ammunitions. The company said it will execute the latest ammunition order at the Lake City Army Ammunition Plant in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Air Traffic Rises Above Challenges

Posted: 09 May 2011 02:22 PM PDT

The U.S. carriers recorded an improvement in traffic during April. The carriers are combating rising fuel prices with increasing fares and extra fees. Further, these are trying to control the drop in demand caused by the massive earthquake and tsunami in Japan on March 11.
Airline traffic is measured in billions of revenue passenger miles (RPM), which implies one mile flown by one passenger.
The consolidated April traffic inched up 1.1% at the largest U.S. airline United Continental Holdings … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

US Manufacturing, Auto Industry Stage Comebacks

Posted: 09 May 2011 02:06 PM PDT

NEW GEOGRAPHY — “This year's survey of the best cities for jobs contains one particularly promising piece of news: the revival of the country's long distressed industrial sector and those regions most dependent on it. Manufacturing has grown consistently over the past 21 months, and now, for the first time in years, according to data mined by Pepperdine University's Michael Shires, manufacturing regions are beginning to move up on our list of best cities for jobs.

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

Closing Bell Market Monitor: DTG, ELN, TSN, HRB

Posted: 09 May 2011 02:00 PM PDT

05/09/11 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

Forex – EUR/USD Up At The End Of U.S. Session

Posted: 09 May 2011 01:55 PM PDT

Forex Pros – The Euro was higher against the U.S. Dollar on Monday.<br/><br/> EUR/USD was trading at 1.4358, up 0.28% at time of writing.<br/><br/> The pair was likely to find support at 1.4255, today&rsquo;s low, and resistance at 1.4940, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the British Pound and down against the Japanese Yen, with EUR/GBP gaining 0.07% to hit 0.8754 and EUR/JPY falling 0.05% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Stock Market Summary For Monday, May 9, 2011 Special Alert On Short Candidates

Posted: 09 May 2011 01:43 PM 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 First Industrial Realty Trust Inc. (symbol: FR) at tomorrow’s market open price Tuesday, May 10, 2011. Through today FR has returned 4.1% from the open price on Monday, May 2, 2011.
 
Company Name Symbol Sector Position Open Date Current Date # of Days Open Price Current Price % Return Support Resistance
 
Open Shorts:
Alcatel-Lucent ALU … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/JPY Down Toward The End Of U.S. Session

Posted: 09 May 2011 01:40 PM PDT

Forex Pros – The U.S. Dollar was lower against the Japanese Yen on Monday.<br/><br/> USD/JPY was trading at 80.25, down 0.48% at time of writing.<br/><br/> The pair was likely to find support at 79.57, Thursday&rsquo;s low, and resistance at 81.19, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.32% to hit 1.4363 and GBP/USD rising 0.21% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Isis Pharma Loss Widens

Posted: 09 May 2011 01:37 PM PDT

Isis Pharmaceuticals Inc. (NASDAQ:ISIS) reported a net loss of 20 cents per share in the first quarter of 2011, wider than the year-ago loss of 10 cents and the Zacks Consensus loss Estimate of 19 cents.
Revenues came in at $21.1 million, well below the Zacks Consensus Estimate of $26 million. Lower revenues and higher operating expenses led to the wider first quarter 2011 loss.
Quarter in Detail
Revenues, which include license fees, milestone-related payments and other payments, declined 29.3% from … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Symmetry A Penny Shy, Reaffirms

Posted: 09 May 2011 01:37 PM PDT

Symmetry Medical (NYSE:SMA) posted first-quarter fiscal 2011 adjusted earnings per share of 9 cents, just missing the Zacks Consensus Estimate of 10 cents while surpassing the year-ago earnings of 6 cents a share.
Adjusted earnings exclude facility consolidation expenses, employee severance payments and management transition costs. Net income (as reported) slid 13% year over year to $1.4 million (or 4 cents a share) on account of these charges.
Revenues
Revenues leapt 13.4% year over year to $95.8 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Another Bank Failure, Tally Hits 40

Posted: 09 May 2011 01:32 PM PDT

Last Friday, U.S. regulators shuttered Cocoa Beach, Florida-based Coastal Bank, taking the number of failed banks thus far in 2011 to 40. This follows 157 bank failures in 2010, 140 in 2009 and 25 in 2008.
While the financials of bigger banks have been stabilizing on the back of an economic recovery, many smaller banks are still struggling to survive. Nagging issues like rock-bottom home prices along with still-high loan defaults and unemployment levels continue to trouble such … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Wells Fargo: Higher Litigation Costs

Posted: 09 May 2011 01:32 PM PDT

Wells Fargo & Co. (NYSE:WFC) raised its estimate for potential litigation expenses, according to the quarterly regulatory filing with the Securities and Exchange Commission.
The company now estimates that in addition to its reserves it may require up to $1.7 billion in legal losses, up from $1.2 billion estimated in the previous quarter. The estimate for excess litigation costs crept up primarily due to Wells Fargo's foreclosure related issues.
Last month, Wells Fargo and some of the other … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

USD/JPY Breaks Below Triangle To Signal Bearish Continuation

Posted: 09 May 2011 01:30 PM PDT

Prospect of Further Japanese Yen Strength (5/9 video)
USD/JPY

Short-Term to Medium Term- Following a corrective rally held below 81.00, the USD/JPY broke below a triangle, or from a different perspective, corrective channel.
- The 1H chart shows this breakout to the downside. The RSI remains below 60 and is now breaking below 40, a sign of bearish continuation. A break below 30 in the RSI reading confirms the bearish intent.
- A swing projection targets 79.30 area in the very short-term. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Up Toward The End Of U.S. Session

Posted: 09 May 2011 01:25 PM PDT

Forex Pros – The Euro was higher against the U.S. Dollar on Monday.<br/><br/> EUR/USD was trading at 1.4357, up 0.28% at time of writing.<br/><br/> The pair was likely to find support at 1.4255, today&rsquo;s low, and resistance at 1.4940, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the British Pound and down against the Japanese Yen, with EUR/GBP gaining 0.09% to hit 0.8756 and EUR/JPY falling 0.18% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. Markets Close Higher; Dow Jones Up 0.36%

Posted: 09 May 2011 01:10 PM PDT

Forex Pros – U.S. stocks were up after the closing bell on Monday.<br/><br/> At the close of U.S. trade, the Dow Jones Industrial Average rose 0.36%, the S&P 500 index gained 0.45%, while the Nasdaq 100 index climbed 0.33%.<br/><br/> Meanwhile, across the Atlantic, European stock markets closed lower. France&rsquo;s CAC 40 was down 1.25%; Germany&rsquo;s DAX shed 1.09%; Britain&rsquo;s FTSE 100 declined 0.57%; and the EURO STOXX 50 fell … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Abercrombie Sales Rise

Posted: 09 May 2011 01:02 PM PDT

Abercrombie & Fitch Co. (NYSE:ANF), a specialty retailer of casual apparel, reported preliminary solid sales results for the first quarter of fiscal 2011.  The company recorded a comparable store sales growth of 10% in the quarter. The result was aided by a late Easter holiday in the month of April.
In the quarter under review, total company direct-to-consumer net merchandise sales climbed 32% to $105.8 million and total company international net sales, including direct-to-consumer net … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

ProAssurance Profit Rises

Posted: 09 May 2011 12:52 PM PDT

ProAssurance Corporation (NYSE:PRA) reported its first-quarter operating earnings of $45.0 million or $1.46 per share, surpassing the Zacks Consensus Estimate of $1.16. This also compares favorably with earnings of $39.6 million or $1.21 per share in the prior-year quarter.
Operating income excludes the after-tax effects of net realized gains or losses and guaranty fund assessments or recoupments and debt retirement loss.
During the reported quarter, the beneficial effect of adjustment to net … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Preview: Activision Blizzard

Posted: 09 May 2011 12:52 PM PDT

After the closing bell today, video game developer and publisher, Activision Blizzard Inc. (NASDAQ:ATVI) is scheduled to release its fiscal first quarter 2011 results. The Zacks Consensus Estimate for the quarter is 6 cents per share.
Activision's performance in the trailing four quarters has resulted in an impressive average positive surprise of 69.5%. In this quarter, we expect Activision to surpass our estimates.
Fourth Quarter 2010 Recap   
Activision reported earnings per share … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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

Posted: 09 May 2011 12:45 PM PDT

Forex Pros – The British Pound was higher against the U.S. Dollar on Monday.<br/><br/> GBP/USD was trading at 1.6392, up 0.16% at time of writing.<br/><br/> The pair was likely to find support at 1.6271, today&rsquo;s low, and resistance at 1.6575, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the British Pound was down against the Euro and the Japanese Yen, with EUR/GBP gaining 0.06% to hit 0.8753 and GBP/JPY falling 0.32% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Scorecard: Plum Creek

Posted: 09 May 2011 12:32 PM PDT

Plum Creek Timber Co. Inc. (NYSE:PCL), a real estate investment trust (REIT) owning and managing timberlands in the U.S., reported fiscal 2011 first quarter earnings of 23 cents per share, which marginally missed the Zacks Consensus Estimate by a penny.
 
We cover below the results of the recent earnings announcement, as well as the subsequent analyst estimate revisions and the Zacks ratings for the short-term and long-term outlook for the stock.
 
Earnings Report Review
 
Total … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Canadian Natural Posts Mixed 1Q

Posted: 09 May 2011 12:32 PM PDT

Independent oil explorer Canadian Natural Resources Ltd.  (NYSE:CNQ) reported mixed first quarter 2011 results due to lower volumes and realized prices, partially offset by reduced production expenses.
Earnings per share, excluding one-time and non-cash items, came in at 21 Canadian cents (US 21 cents), much below the Zacks Consensus Estimate of 37 cents and prior-year quarter's 58 Canadian cents.
Total revenue of C$2.95 billion ($2.99 billion) in the first quarter was down 8.6% from the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

New Insurance Offerings From CSC

Posted: 09 May 2011 12:32 PM PDT

Computer Sciences Corp. (NYSE:CSC) recently introduced a new business process service targeted at insurance carriers, enabling them to process workers' compensation insurance easily.
Workers’ compensation insurance provides wages and medical benefits to employees when injured in the course of employment. This insurance is mandatory in almost all the states.
Computer Sciences' new cloud-based business process service takes its traditional outsourcing services a step ahead. The service, known as … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Morgan Stanley Redeems Notes

Posted: 09 May 2011 12:32 PM PDT

On Friday, Morgan Stanley (NYSE:MS) announced the redemption of zero maturity coupon notes with a maturity value of 1.5 million pounds.
These notes, having their maturity date on May 12, 2015, command a redemption price of 109% of the total amount. Morgan Stanley will start the redemption effective May 9, 2011.
Earlier in April, Morgan Stanley redeemed step-coupon notes due in 2016 with a redemption amount of $5 million. Similarly, in March, the company redeemed step-coupon notes due in 2028 with … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Scorecard: CB Richard Ellis

Posted: 09 May 2011 12:32 PM PDT

CB Richard Ellis Group Inc. (NYSE:CBG), the world's largest commercial real estate services company (on the basis of 2010 revenues), reported fiscal 2011 first quarter recurring earnings of 13 cents per share, which marginally beat the Zacks Consensus Estimate by a penny.
 
We cover below the results of the recent earnings announcement, as well as the subsequent analyst estimate revisions and the Zacks ratings for the short-term and long-term outlook for the stock.
 
Earnings Report … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

USD/CHF Forms Short-term Double Top To End Bullish Impulse Wave

Posted: 09 May 2011 12:32 PM PDT

USD Recovery Supported by the Positive the NFP (5/7 Video)
USD/CHF

Short-Term to Medium Term- The USD/CHF was had a 5-wave rally since the 0.8550 low, finding resistance at 0.8800.
- The 1H chart also shows short-term bullish momentum threatened as the RSI tests 40. A break below that suggests a significant correction. Coming after a 5-wave rally, which is a bullish impulse wave, a 3-wave correction can be expected.
- The 1H chart shows an (a)(b)(c) correction developing. The (c) wave … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Accelerate Return-to-Risk Ratios With Higher Betas

Posted: 09 May 2011 12:18 PM PDT

By Chuck LeBeau,  Director of Analytics, SmartStops.net
Modern portfolio theory is based on the premise that volatility is the best definition of risk. However, like many popular assumptions, that may not be entirely true. The equity markets of 2008 and 2009 took a rollercoaster ride and were overshadowed with unprecedented volatility which forced many to re-evaluate the industry and assess the changes that have come forth over the past years.
Although the basic fundamentals and principles … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Rethinking Modern Portfolio Theory

Posted: 09 May 2011 12:18 PM PDT

Are we all doing it wrong — or is the theory in need of updating and repair?
By Joan Warner
February 1, 2010

http://www.bankinvestmentconsultant.com/bic_issues/2010_2/rethinking-modern-portfolio-theory-2665530-1.html

So far, no other single method has knocked the Modern Portfolio Theory off its perch as a coherent way of structuring portfolios and pricing assets. But more and more practitioners believe the theory doesn't deal adequately with today's world.
Poor Harry Markowitz. Every time … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CAD Down In U.S. Trade

Posted: 09 May 2011 12:10 PM PDT

Forex Pros – The U.S. Dollar was lower against the Canadian Dollar on Monday.<br/><br/> USD/CAD was trading at 0.9641, down 0.26% at time of writing.<br/><br/> The pair was likely to find support at 0.9505, Wednesday&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 the British Pound, with EUR/USD gaining 0.17% to hit 1.4342 and GBP/USD rising 0.12% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

AES Misses EPS But Reaffirms

Posted: 09 May 2011 12:02 PM PDT

AES Corporation's (NYSE:AES) adjusted EPS of 22 cents in the first quarter of 2011 came below the Zacks Consensus EPS estimate of 26 cents. Also, adjusted EPS for the reported quarter fell short of the year-ago EPS of 28 cents. On a GAAP basis the company reported EPS of 28 cents compared to 27 cents in the year-ago quarter.
The 8-cent variance in adjusted and GAAP EPS came from currency transaction gain (7 cents) and derivative mark-to-market gain (1 cent).
Quarterly Operational Results
In the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

TDS Beats Top And Bottom Lines

Posted: 09 May 2011 12:02 PM PDT

Telephone and Data Systems (NYSE:TDS) reported first quarter 2011 earnings of 40 cents per share, outpacing the Zacks Consensus Estimate by a penny. However, earnings dropped 11% from 46 cents earned in the year-earlier quarter. 
Revenues increased 3% year over year to $1,258.7 million in the reported quarter and was above the Zacks Consensus Estimate of $1,241 million.
Adjusted OBIDA declined to $280.8 million in the reported quarter from $296.8 million in the year-ago quarter.
U.S.Cellular … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Domino’s Nicely Ahead Of Estimates

Posted: 09 May 2011 12:02 PM PDT

Domino’s Pizza Inc. (NYSE:DPZ) reported first quarter 2011 adjusted earnings of 42 cents per share, which blew past the Zacks Consensus Estimate by 8 cents. Comparatively, the company had earned 35 cents in the year-earlier quarter.
The increase can mainly be attributed to higher international royalty revenues, international store growth, lower general and administrative expenses, and low interest expense.
On a GAAP basis, earnings per share were 43 cents in the first quarter of 2011 versus 41 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Preview: Symantec Corp.

Posted: 09 May 2011 12:02 PM PDT

Symantec Corp. (NASDAQ:SYMC) is scheduled to announce its fourth quarter fiscal 2011 results on May 11 after the market closes, and we do not see any variation in analyst estimates at this point.
Third Quarter Overview
Symantec reported modest third quarter fiscal 2011 numbers, with earnings per share of 17 cents falling way below the Zacks Consensus Estimate of 30 cents. The miss was due to lower margins.
Symantec reported third quarter revenue of $1.60 billion, up 4.0% from the year-earlier … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Macy’s Sales Rise

Posted: 09 May 2011 12:02 PM PDT

Macy's, Inc. (NYSE:M), one of the leading department store retailers in the United States, recently posted better-than-expected sales for the four-week period ended April 30, 2011.
Macy's comparable-store sales for April 2011 rose 10.8%, following a marginal increase of 0.9% registered in March 2011, and compared with a 1.1% jump witnessed in April 2010. Management had earlier forecasted an increase of 8% to 9% for the month under review. Comparable-store sales for first-quarter 2011 climbed … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Up In U.S. Trading Hours

Posted: 09 May 2011 11:45 AM PDT

Forex Pros – The Euro was higher against the U.S. Dollar on Monday.<br/><br/> EUR/USD was trading at 1.4346, up 0.20% at time of writing.<br/><br/> The pair was likely to find support at 1.4255, today&rsquo;s low, and resistance at 1.4940, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the British Pound and down against the Japanese Yen, with EUR/GBP gaining 0.06% to hit 0.8754 and EUR/JPY falling 0.20% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: GBPUSD Reverses Back Higher And Tests Trendline Resistance

Posted: 09 May 2011 11:40 AM PDT

After selling off earlier in the NY session, the GBPUSD has moved back higher as sellers dried up. The pair is testing the trendline resistance now at the 1.6390 level. A move above will next target the high for the day at 1.6406, and then the 100 hour MA at the 1.6440 level … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Scorecard: United Parcel

Posted: 09 May 2011 11:27 AM PDT

United Parcel Services (NYSE:UPS), the world’s largest package delivery company, reported first quarter 2011 results on April 26. Adjusted earnings of 88 cents beat the Zacks Consensus Estimate by 3 cents and were 17 cents above the year-ago earnings.
First Quarter Review
Despite steeply rising fuel prices and challenging weather conditions, United Parcel posted encouraging first quarter results driven by strong revenues across all its segments.
Total revenue improved year over year on higher … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Sempra Energy Beats EPS Ests

Posted: 09 May 2011 11:27 AM PDT

Sempra Energy (NYSE:SRE) announced its first-quarter 2011 earnings of $1.07 per share surpassing the Zacks Consensus Estimate of $1.02 and the year-ago quarterly earnings of 42 cents per share.
Operating Statistics
Total revenue of Sempra Energy in the first-quarter 2011 was $2.4 billion versus $2.5 billion in the year-ago period, reflecting a fall of 3.9%. Reported revenue in the quarter was also lower than the Zacks Consensus Estimate by $23 million. The downside came from both Sempra Utilities … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Statoil Lags, Volumes Depress

Posted: 09 May 2011 11:27 AM PDT

Statoil ASA's (NYSE:STO) first-quarter 2011 earnings of 48 cents per ADR were well below the Zacks Consensus Estimate of 75 cents. The underperformance was largely due to lower production volumes. However, the quarterly results showed a marginal improvement from the year-earlier earnings of 47 cents, attributable to higher liquids and gas prices.
Adjusted net income after-tax in the quarter stood at NOK 11.9 billion ($1.52 billion), down from the year-earlier level of NOK 12.1 billion ($1.49 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Pratt & Whitney Powers Satellite

Posted: 09 May 2011 11:27 AM PDT

Pratt & Whitney Rocketdyne RL10 engine has helped put into orbit the U.S. military’s first Space Based Infrared System Geosynchronous satellite for early-warning missile detection. Pratt & Whitney Rocketdyne is a group company of United Technologies Corporation (NYSE:UTX).
The Atlas V Centaur rocket's upper stage is powered by a single RL10A4-2 engine that delivers 22,300 pounds of thrust. Pratt & Whitney Rocketdyne is a provider of high-value propulsion, power, energy and innovative … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – AUD/USD Up In U.S. Trade

Posted: 09 May 2011 11:15 AM PDT

Forex Pros – The Australian Dollar was higher against the U.S. Dollar on Monday.<br/><br/> AUD/USD was trading at 1.0773, up 0.66% at time of writing.<br/><br/> The pair was likely to find support at 1.0538, Thursday&rsquo;s low, and resistance at 1.0877, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the Australian Dollar was up against the Euro and the Japanese Yen, with EUR/AUD shedding 0.52% to hit 1.3309 and AUD/JPY rising 0.33% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EUR/GBP Hammering At 0.8740 To Open Up The 0.8670 Support

Posted: 09 May 2011 11:06 AM PDT

Previous: Euro Retreats after the ECB Interest Rate Decision (5/5)
EUR/GBP

Short-term to Medium Term- The EUR/GBP after the ECB decision turned sharply from a rally that was heading towards the 2010 high of 0.9150. A significant correction to the bull run since July of 2010 can be anticipated.
- So far the decline has covered a drop from 0.9150 to 0.8740, where it meets a previous support pivot.
- A break below this support then opens up a more important pivot at 0.8670 as seen in the daily … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Advaxis: Balance Sheet Boosted With Secured Financing

Posted: 09 May 2011 11:02 AM PDT

Grant Zeng, CFA
Advaxis: balance sheet boosted with secured financing  

On May 9, 2011, Advaxis Inc. (ADXS) announced that it has entered into a definitive convertible notes purchase agreement with certain accredited investors, for the purchase of the aggregate principal value of approximately $7.1 million of convertible promissory notes for an aggregate purchase price of approximately $6.0 million.  The closing of the sale of the Notes, under the Agreement, is anticipated to occur … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Quicksilver Resources Misses EPS

Posted: 09 May 2011 11:02 AM PDT

Quicksilver Resources Inc. (NYSE:KWK) reported first quarter 2011 adjusted earnings per share (EPS) of 2 cents, substantially lower than the year-ago figure of 20 cents. Earnings during the quarter also missed the Zacks Consensus Estimate of 4 cents.
On a GAAP basis, the company reported a loss of 42 cents per share compared with earnings of 5 cents per share in the year-ago quarter. The difference between GAAP and operating earnings during the quarter was due to a non-cash impairment charge of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

SUG Beats Top And Bottom Line

Posted: 09 May 2011 11:02 AM PDT

Southern Union Company (NYSE:SUG) reported first quarter 2011 adjusted earnings of 51 cents per share, a penny ahead of the Zacks Consensus Estimate. Results also surpassed the adjusted earnings of 44 cents per share in the year-ago period. On a reported basis, Southern Union reported earnings of 48 cents a share compared with 43 cents a share in the prior-year quarter.
Operating Statistics
Revenue in the quarter totaled $746.8 million, down 1.6% from $758.9 million in the prior-year period. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

ON Semi Tops, Guidance Solid

Posted: 09 May 2011 11:02 AM PDT

ON Semiconductor (NASDAQ:ONNN) reported first quarter earnings that exceeded the Zacks Consensus Estimate by 5 cents. Revenues were also strong, exceeding the Zacks Consensus by 4.4%.
ON Semi estimates that disruptions related to the Japan natural disaster lowered revenue by $50 million, gross profit by more than $30 million and net income by $10 million, or a couple of cents per share.
Revenue
ON Semi reported revenue of $870.6 million, of which $278.1 million came from the newly acquired SANYO … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: EURUSD Tests 100 Bar MA On 5 Minute Chart

Posted: 09 May 2011 11:01 AM PDT

The EURUSD bad news came out from government officials and rating agencies and the price started to correct higher.  The climb has been slow but steady.  Trendline support held. Trendline resistance was broken and the price just moved to test the 100 bar MA on the 5 minute chart at 1.4333. Above that is the 50% of the move up from the March 18th low to the high reached last week. That level (see chart below) comes in at 1.4345.

Has anything really changed? Not really. However, the … [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: 09 May 2011 10:45 AM PDT

Forex Pros – The New Zealand Dollar was higher against the U.S. Dollar on Monday.<br/><br/> NZD/USD was trading at 0.7929, up 0.28% at time of writing.<br/><br/> The pair was likely to find support at 0.7817, Thursday&rsquo;s low, and resistance at 0.7989, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the New Zealand Dollar was down against the Australian Dollar and up against the Euro, with AUD/NZD gaining 0.24% to hit 1.3571 and EUR/NZD falling … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Warner Chilcott Tops On All Fronts

Posted: 09 May 2011 10:42 AM PDT

Warner Chilcott's (NASDAQ:WCRX) first quarter 2011 earnings (excluding special items) of $1.04 per share surpassed the Zacks Consensus Estimate by $0.21 and the prior-year earnings by $0.16.
On a reported basis, the company suffered a loss of $0.10 per share as against a loss of $0.07 in the comparable quarter of 2010. The reported results included the employee severance costs due to the restructuring of the Western European operations by Warner Chilcott and costs incurred towards using its … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Mixed Show From Buckeye

Posted: 09 May 2011 10:42 AM PDT

Buckeye Partners L.P. (NYSE:BPL) announced its first-quarter 2011 operating earnings of 79 cents per limited partner unit, a penny short of the Zacks Consensus Estimate of 80 cents per unit. The results of the partnership were higher than the year-ago earnings of 56 cents per unit.
Total Revenue
Total revenue of the partnership at the end of the first quarter was $1.25 billion versus $0.73 billion in the year-ago quarter, reflecting a growth of 71.3%.
Revenue of the partnership during the quarter … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Medivation Misses Expectations

Posted: 09 May 2011 10:32 AM PDT

Medivation Inc. (NASDAQ:MDVN) reported a loss of 24 cents per share in the first quarter of 2011, a penny wider than the Zacks Consensus Estimate of a loss of 23 cents but well below the year-ago loss of 51 cents. Lower expenses led to the narrower loss. Revenues for the quarter were $14.7 million, well below the Zacks Consensus Estimate of $16 million. Revenues were $15.7 million in the year-ago period.
The Quarter in Detail
Revenues consisted of partial recognition of the non-refundable upfront … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Tyson Misses By A Penny

Posted: 09 May 2011 10:32 AM PDT

Tyson Foods Inc. (NYSE:TSN) released its second-quarter 2011 on May 9, 2011 where adjusted earnings remained flat year over year at 42 cents a share, missing the Zacks Consensus Estimate by 1 cent. Profits were driven by higher sales price as well as increased volume.
Revenue and Margins
Net sales recorded a growth of 15.7% to $8,000 million from $6,916 million in the year-ago quarter, surpassing the Zacks Consensus Estimate of $7,500 million by 6.6%. The upswing came as an outcome of sales growth … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Manulife’s Bottom Line Falls

Posted: 09 May 2011 10:32 AM PDT

Manulife Financial Corporation (NYSE:MFC) reported its first-quarter 2011 earnings of 54 cents per share, lower than 68 cents reported in the prior-year quarter. Earnings were $998 (C$985) million, compared with $1,241 (C$1,224) million in first-quarter 2010.
The quarter under review included $113 (C$111) million related to the direct impact of equity markets and interest rates, and a charge of $153 (C$151) million related to the earthquake in northeastern Japan.
The results were also impacted by … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Stock Market Structure And Support Level Update To Start The Week

Posted: 09 May 2011 10:28 AM PDT

As we start the new week, let's focus on two main ideas in the US Equity Markets – Trend Structure and Current Reference Support Levels.
Let's start with the S&P 500:

Before we start with the chart, let's define "Market Structure."
In simplest terms, "Structure" refers to the progression of price swing highs and price swing lows, with an uptrend defined as a series of "Higher Highs and Higher Lows" and vice versa for a downtrend.
In other words, a Change in Market … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

AUD/USD Nearing Apex Of Short-term Triangle

Posted: 09 May 2011 10:11 AM PDT

AUD/USD

- The AUD/USD has faded from 1.1010 down to 1.0550 in the first week of May. We ended last week paring some of those losses.
- The market has retraced 50% at 1.0770, and threatens the 1.0830, 61.8%, and 200SMA in the 1 H chart. In this correction, we are seeing a triangle develop. The market is nearing the apex of this short-term triangle.
- The structure of the rally so far is unclear, but more likely a corrective one with such choppiness and overlapping.
- 1 possible count is that … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Blackberry Bears Bulk Up On Long-dated RIMM Put Options

Posted: 09 May 2011 10:03 AM PDT

Blackberry bears bulk up on long-dated RIMM put options
Today's tickers: RIMM, MBI, HRB & MET
(NASDAQ:RIMM) – Research in Motion, Ltd. – Investors taking a long-term bearish stance on the Blackberry maker initiated put butterfly spreads on the stock today, which yield maximum benefits in the event that the stock is trading well beneath its current 52-week low by expiration in January 2012. Shares in the Ontario, Canada-based company fell as much as 2.8% during the session to touch down at an … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Euro Slides On Greece Rating Downgrade

Posted: 09 May 2011 10:00 AM PDT

05/09/11 The euro currency reversed early gains this session following the S&P downgrade of Greece’s credit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Down In U.S. Trade

Posted: 09 May 2011 10:00 AM PDT

Forex Pros – The British Pound was lower against the U.S. Dollar on Monday.<br/><br/> GBP/USD was trading at 1.6347, down 0.12% at time of writing.<br/><br/> The pair was likely to find support at 1.6271, today&rsquo;s low, and resistance at 1.6575, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the British Pound was down against the Euro and the Japanese Yen, with EUR/GBP gaining 0.08% to hit 0.8755 and GBP/JPY falling 0.24% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

European Markets Close Lower; Dax Down 1.09%

Posted: 09 May 2011 09:55 AM PDT

Forex Pros – European stocks were down after the closing bell on Monday.<br/><br/> At the close of European trade, Germany&rsquo;s DAX fell 1.09%, London&rsquo;s FTSE 100 shed 0.57%, France&rsquo;s CAC 40 declined 1.25% and the EURO STOXX 50 was down 1.71%.<br/><br/> Meanwhile, on Wall Street, equity markets were up after the open. The Dow Jones Industrial Average was up 0.48%; the S&P 500 index gained 0.52%, while the Nasdaq 100 index climbed … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

ALKS To Buy Elan Unit For $960M

Posted: 09 May 2011 09:52 AM PDT

Recently, Alkermes, Inc. (NASDAQ:ALKS) inked a deal with Elan Corporation (NYSE:ELN) to buy the latter's Elan Drug Technologies (EDT) segment. The EDT segment is the drug delivery unit of Elan.
The merger, expected to close in the third quarter of calendar 2011, is worth approximately $960 million. The merged entity will be known as Alkermes plc and will be headquartered in Dublin, Ireland.
The deal, expected to boost Alkermes' cash earnings immediately following its closure, has been cleared by … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Church & Dwight Beats By 1c

Posted: 09 May 2011 09:52 AM PDT

Church & Dwight Co. Inc. (NYSE:CHD), a leading consumer products company, posted first-quarter 2011 earnings of $1.15 a share, beating the Zacks Consensus Estimate by a penny. The reported earnings were up 3.6% from $1.11 earned in the prior-year quarter.
Benefiting from the cost reduction programs, management reiterated its earnings guidance of $4.35 to $4.40 a share for fiscal 2011, reflecting an increase of 10% to 11% over 2010 results.
For second-quarter 2011, the company expects earnings … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Ultra Petro Net Up, Misses View

Posted: 09 May 2011 09:52 AM PDT

Natural gas producer Ultra Petroleum Corp. (UPL) reported marginally weaker-than-expected first quarter 2011 results, hurt by lower prices.
Earnings per share, excluding special items, came in at 57 cents, missing the Zacks Consensus Estimate by a penny.
However, compared with the year-earlier period, Ultra Petroleum's adjusted earnings per share rose 3.6% (from 55 cents to 57 cents) due to higher production.
Total operating revenues, at $257.3 million, were shy of the Zacks Consensus … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Catalyst Health Profits Soar

Posted: 09 May 2011 09:52 AM PDT

Catalyst Health Solutions Inc. (CHSI) reported first-quarter 2011 adjusted earnings of 52 cents per share, surpassing the Zacks Consensus Estimate of 50 cents. The results also compare favorably with earnings of 41 cents in the prior-year quarter.
Catalyst Health's adjusted earnings in the reported quarter exclude the adjustment for Walgreens Health Initiatives, Inc. ("WHI") transaction related costs, amortization of FutureScripts related intangible assets and all other … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Government Bonds Ignore Supply: Yields Fall

Posted: 09 May 2011 08:54 AM PDT

An early Monday morning commodity price rebound was insufficient to keep government bond prices downtrodden despite rising risk appetite in most parts. Dealers in the United States treasury market also tried pushing bond prices lower ahead of an auction of further supply but even that wasn't enough to keep worrywarts satisfied. An S&P downgrade for Greek long-term debt has soured the earlier positive tone and caused the dollar to find favor as government bonds come back in to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Wal-Mart Remians Atop The Forbes 500

Posted: 09 May 2011 01:30 AM PDT

05/09/11 Wal-Mart received some more good news recently as it remained atop the Forbes 500 annual list this … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Don’t Turn Out The Lights On Commodities Just Yet

Posted: 08 May 2011 10:00 PM PDT

The prices for many commodities suffered the worst week in recent memory last week. Oil prices dipped below $100 per barrel, gold fell below $1,500 an ounce and silver gave back much of the past month's gains by falling to the $35 an ounce level. The prices for other commodities such as sugar, tin, nickel, aluminum, lead and copper also pulled back.
Immediately, headlines on websites such as Marketwatch, Bloomberg and SmartMoney read "Has the Commodity Bubble Popped?" and "Imploding … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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