Wednesday, May 4, 2011

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

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

Forex – EUR/USD Up In Asian Trade

Posted: 04 May 2011 05:05 PM PDT

Forex Pros – The Euro was higher against the U.S. Dollar on Thursday.<br/><br/> EUR/USD was trading at 1.4828, up 0.01% at time of writing.<br/><br/> The pair was likely to find support at 1.4755, Tuesday&rsquo;s low, and resistance at 1.4940, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.02% to hit 0.8990 and EUR/JPY falling 0.03% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Jacobs Wins Twin Contracts

Posted: 04 May 2011 04:35 PM PDT

Jacobs Engineering Group Inc. (NYSE:JEC) was recently awarded a contract from the Department of State (DOS), Office of Real Property Management and Special Projects Division. The contract, valued at approximately $50 million, has a base period of one year with four one-year options. 
As per terms of the contract, Jacobs will provide architectural and engineering services by engaging primarily in facilities analyses; building systems; structural surveys; space plans; interior design; design of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

ONEOK Partners Beats Ests

Posted: 04 May 2011 04:35 PM PDT

Master limited partnership ONEOK Partners L.P. (NYSE:OKS) scored excellent earnings in the first quarter of 2011 with an earnings increase of 103% year over year to $1.16 per unit. Earnings for the quarter also compared favorably with the Zacks Consensus Estimate of $1.02, implying a positive surprise of 13.7%.
Operating Results
Total revenue of $2.4 billion in the quarter was short of the Zacks Consensus Estimate of $2.6 billion. However, revenues improved 9% from last year's $2.2 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/JPY Down During Asian Trade

Posted: 04 May 2011 04:15 PM PDT

Forex Pros – The U.S. Dollar was lower against the Japanese Yen on Wednesday.<br/><br/> USD/JPY was trading at 80.60, down 0.03% at time of writing.<br/><br/> The pair was likely to find support at 80.43, today&rsquo;s low, and resistance at 81.69, Monday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was up against the Euro and down against the British Pound, with EUR/USD shedding 0.001% to hit 1.4826 and GBP/USD rising 0.04% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

PCG Misses, Drops Dividend

Posted: 04 May 2011 04:05 PM PDT

PG&E Corporation's (NYSE:PCG) operating earning per share of 58 cents in the first quarter of fiscal 2011 fell short by a wide margin versus both the Zacks Consensus Estimate of 81 cents and the year-ago number of 79 cents.
The company till date is yet to receive the approval of the California Public Utilities Commission (CPUC) for its fiscal 2011 General Rate Case (GRC) and its Gas Transmission and Storage (GT&S) rate case. With settlement agreements in both cases pending the company … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

CNO Financial Beats Estimates

Posted: 04 May 2011 04:05 PM PDT

CNO Financial Group, Inc. (NYSE:CNO) reported its first-quarter net operating income of $51.9 million or 18 cents per share, well ahead of the Zacks Consensus Estimate of 17 cents. This also compares favorably with income of $38.2 million or 14 cents in the year-ago quarter.
The improved showing was the result of strong top-line growth in all the business segments and improved capital ratios.
The net operating earnings exclude $2.0 million or 1 cent related to net realized investment gains and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Japan Hurts Molex Results, Guidance

Posted: 04 May 2011 04:05 PM PDT

Molex Inc's (NASDAQ:MOLX) earnings for the third quarter of fiscal 2011 missed the Zacks Consensus by a couple of cents, which management attributed to the natural disaster in Japan. Revenue for the quarter was in line, exceeding by 0.2%. The weak results and disappointing guidance caused shares prices to drop 2.4% in after-hours trading.
Revenue
Molex reported revenue of $874.5 million, which was down 3.0% sequentially and up 15.6% year over year, exceeding management expectations of $850-890 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

POOL Upped To Outperform

Posted: 04 May 2011 04:05 PM PDT

We recently upgraded our rating on Pool Corp. (NASDAQ:POOL) from Neutral to Outperform. The new rating is supported by better-than-expected first quarter results, seasonality of demand and the return of green business.
In the first quarter, Pool reported adjusted loss of one penny per share, which narrowed from a loss of 12 cents in year-earlier quarter and surpassed the Zacks Consensus Estimate of 8 cents loss per share. Quarterly revenues of $312.9 million also handily surpassed the Zacks … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – NZD/USD Up On Economic Data

Posted: 04 May 2011 04:00 PM PDT

Forex Pros – The New Zealand Dollar was higher against the U.S. Dollar on Wednesday after the release of N.Z. data on Unemployment Rate.<br/><br/> NZD/USD was trading at 0.7930, up 0.42% at time of writing.<br/><br/> The pair was likely to find support at 0.7866, today&rsquo;s low, and resistance at 0.8120, Monday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that The rate of unemployment in New Zealand fell more-than-expected to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

The Day Ahead: BoE And ECB Rate Decision, Earnings – AIG, CVS Caremark, Cigna, GM, Kraft, Visa; US Jobless Claims, Productivity And Costs

Posted: 04 May 2011 10:55 AM PDT

05/04/11 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

Intel Unveils 3D Tri-Gate Transistor

Posted: 04 May 2011 03:55 PM PDT

05/04/11 Intel unveiled its 3D transistor. The 22nm technology will help the company compete in the mobile computing … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

N.Z. Unemployment Rate Falls More-than-expected

Posted: 04 May 2011 03:55 PM PDT

Forex Pros – The rate of unemployment in New Zealand fell more-than-expected in the last quarter, official data showed on Wednesday.<br/><br/>In a report, Statistics New Zealand said that N.Z. unemployment rate fell to a seasonally adjusted 6.6%, from 6.7% in the preceding quarter whose figure was revised down from 6.8%.<br/><br/>Analysts had expected N.Z. unemployment rate to fall to 6.7% in the last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – NZD/USD Up In Asian Trade

Posted: 04 May 2011 03:35 PM PDT

Forex Pros – The New Zealand Dollar was higher against the U.S. Dollar on Wednesday.<br/><br/> NZD/USD was trading at 0.7899, up 0.03% at time of writing.<br/><br/> The pair was likely to find support at 0.7866, today&rsquo;s low, and resistance at 0.8120, Monday&rsquo;s high.<br/><br/> Meanwhile, the New Zealand Dollar was down against the Australian Dollar and the Euro, with AUD/NZD gaining 0.01% to hit 1.3606 and EUR/NZD rising 0.001% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Total System Extends Buyback

Posted: 04 May 2011 03:31 PM PDT

Yesterday, the board of Total System Services Inc. (NYSE:TSS) approved and authorized the extension of its stock repurchase program to 15 million shares from 10 million shares. The company had bought back 2.0 million shares of its common stock under the share repurchase plan. Including the existing program, 9.9 million shares currently remain available for repurchase.   
Additionally, the company has also extended the expiry of the total share repurchase program to April 30, 2013. Total … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Peet’s Beats Estimate By 20%

Posted: 04 May 2011 03:31 PM PDT

Peet’s Coffee & Tea Inc. (NASDAQ:PEET) reported first quarter 2011 diluted earnings per share of 41 cents, up 58% versus 2010 proforma diluted earnings per share of 26 cents. It also surpassed the Zacks Consensus Estimate of 34 cents by 20.58%.
The company lowered full-year 2011 diluted earnings per share guidance by $0.10 to the range of $1.43 to $1.50 range on the back of significant rise in cost of coffee during the last three months.
Revenues and Operating Profits
Net revenue climbed 9% to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Hot Option Plays: Points To Consider When Selling Options

Posted: 04 May 2011 03:18 PM PDT

Cusick’s Corner
I wanted to discuss selling options in this afternoon’s Corner. Generally speaking, option selling is a more aggressive strategy compared to option buying. The option seller has an obligation to buy or sell the security which can expose a trader to greater risk. Therefore, it is critical to always calculate your risk on every trade. When selling options, you are trying to take advantage of time decay. Therefore, consider selling front month options since near-the-money options … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Decline At UTHR

Posted: 04 May 2011 03:10 PM PDT

United Therapeutics Corp. (NASDAQ:UTHR) reported first-quarter earnings of 26 cents per share, several cents below the year-ago earnings of 32 cents. The Zacks Consensus Estimate was 64 cents. Despite an increase in revenues, higher costs led to the decline in earnings.
First quarter revenues, which missed the Zacks Consensus Estimate of $177 million, increased 28.5% to $165.6 million.
The Quarter in Detail
Net product revenues, consisting of Remodulin, Tyvaso and Adcirca sales, increased 28.5% to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Hain Celestial Tops Estimate

Posted: 04 May 2011 03:01 PM PDT

The Hain Celestial Group Inc. (NASDAQ:HAIN), which distributes, markets and sells various natural and organic foods as well as personal care products, recently posted better-than-expected third-quarter 2011 financial results.
The quarterly earnings of 36 cents a share beat the Zacks Consensus Estimate of 34 cents, and climbed 38.5% from 26 cents delivered in the prior-year quarter. On a reported basis, including one-time items, earnings came in at 38 cents compared with 6 cents a share earned in the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Marsh & McLennan In Line

Posted: 04 May 2011 03:01 PM PDT

Marsh & McLennan Companies Inc. (NYSE:MMC) reported its first quarter adjusted operating earnings of 56 cents per share, in line with the Zacks Consensus Estimate of 56 cents but a nickel higher than 51 cents reported in the year-ago quarter. Adjusted operating earnings, which exclude one-time items in both the periods, increased 8% year over year to $473 million.
With the steady recovery in the economic environment, Marsh & McLennan posted improved results on account of top line growth in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Agrium Receives FIRB Approval

Posted: 04 May 2011 03:01 PM PDT

Agrium Inc.'s (NYSE:AGU) sale of AWB Limited’s (“AWB”) Commodity Management Business received Australia’s Foreign Investment Review Board's (“FIRB”) approval.
On December 15, 2010, Cargil Incorporated and Agrium reached a definitive agreement whereby Agrium would sell majority of its commodity management businesses of AWB to Cargill.
FIRB has approved the proposed acquisition. This follows the Australian Competition and Consumer Commission’s approval of the acquisition.
The previous day, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

BRE Properties Beats Estimates

Posted: 04 May 2011 03:01 PM PDT

BRE Properties Inc. (BRE) reported first quarter 2011 fund from operations (FFO) of $34.8 million or 53 cents per share versus $29.4 million or 52 cents in the year-earlier quarter.
Funds from operations, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income. The recurring FFO for the quarter marginally beat the Zacks Consensus Estimate by 2 cents.
Total revenues from continuing operations during … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Allergan Surpasses, Updates Outlook

Posted: 04 May 2011 03:01 PM PDT

Allergan, Inc. (NYSE:AGN) reported first quarter earnings of 77 cents per share, 3 cents ahead of the Zacks Consensus Estimate but towards the lower end of its guidance range. While earnings increased 18.5% from the year-ago quarter, revenues increased 13.6% to $1,271.2 million.
Revenues easily surpassed the Zacks Consensus Estimate of $1,251 million. Allergan also declared a quarterly dividend of 5 cents per share.
Quarterly Details
Specialty pharmaceuticals sales increased 13.3% to $1,028.4 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Omnicell Meets EPS, Misses Revs

Posted: 04 May 2011 02:35 PM PDT

Omnicell Inc. (NASDAQ:OMCL) reported an EPS of 2 cents during the first quarter of fiscal 2011, missing the year-ago quarter's 3 cents. However, the adjusted EPS (excluding tax settlement expenses for litigation claims) came in at 3 cents, in-line with both the Zacks Consensus Estimate and the prior-year quarter's result.
Revenue in the quarter increased 5.5% year over year to $57.2 million, marginally missing the Zacks Consensus Estimate of $58.0 million. Product revenue, contributing 74.5% of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Merge Posts Strong Quarter

Posted: 04 May 2011 02:35 PM PDT

Merge Healthcare (NASDAQ:MRGE) reported an adjusted EPS of 3 cents in the first quarter of fiscal 2011, lower than the prior-year quarter's result of 5 cents. According to the Zacks Consensus Estimate, the company was expected to break even during the quarter.
Merge reported revenues of $52.7 million in the quarter, surpassing the Zacks Consensus Estimate of $51 million. Revenues in the year-ago quarter were $20.0 million. The reported quarter include sales of AMICAS, which was acquired in April … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

BofA’s Mortgage Rating Downgraded

Posted: 04 May 2011 02:35 PM PDT

Bank of America Corporation's (NYSE:BAC) mortgage servicing ratings have been downgraded by Moody’s Investors Service, a rating arm of Moody’s Corp. (NYSE:MCO). The main reason behind the cut was the deterioration in the company’s collections and loss mitigation on home loans.
The rating agency lowered BofA's servicing rating on prime, subprime and second lien mortgages to "SQ2" from "SQ1". Similarly, the company's grade as a primary and special servicer for both first and second lien … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

CSN’s 1Q Falls Behind Estimate

Posted: 04 May 2011 02:35 PM PDT

Companhia Siderurgica Nacional (NYSE:SID) or CSN's financial results for the first quarter 2011 were encouraging as both its top-line and bottom-line results showed healthy growth year over year and sequentially.
Net income jumped 38% year over year and 37% sequentially to R$616 million (US$371.1 million), or R$0.42 per share (25 cents per ADR). Earnings results, however, lagged behind the Zacks Consensus Estimate of 40 cents per ADR.
The sequential improvement reflects higher revenue and lower … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

PPG Eyes Acquisition

Posted: 04 May 2011 02:35 PM PDT

In an effort to expand its footprint westward, PPG Industries Inc. (NYSE:PPG) completed the acquisition of certain assets of Equa-Chlor Inc. a Longview, Washington based chlor-alkali manufacturer. PPG bought the assets for approximately $27 million.
PPG has begun to integrate the Longview location into its chlor-alkali and derivatives business to better serve its customers throughout the country. Soon after the closing of the acquisition, PPG began operating the Longview manufacturing plant with … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Top Trade Ideas For Thursday, May 05

Posted: 04 May 2011 02:11 PM PDT

  ( click to enlarge )

THQ Inc. (NASDAQ:THQI) successfully broke the resistance at $4.32 confirming a reversal from the previous downward trend. From the technical chart KD line shows positive signals as %K line is rising on top over %D line and RSI is now moving up. OBV is beginning to turn around which suggests the stock is no longer being sold off. Stock as a major resistance at $4.51. 

   ( click to enlarge )

Tellabs, Inc. (NASDAQ:TLAB) closed up despite the market decline. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

DENTSPLY Reaffirmed Neutral

Posted: 04 May 2011 02:06 PM PDT

We reiterate our Neutral recommendation on leading dental products maker DENTSPLY International (NASDAQ:XRAY). Earnings for first-quarter fiscal 2011 beat the Zacks Consensus Estimate by a penny. Profit climbed at a double-digit clip on the back of top line growth and lower restructuring costs.
Sales (up 4.5% year over year) also beat the Zacks Consensus Estimate, driven by higher revenues from dental consumable and specialty products, backed by recovery in the global dental market and new product … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

TECO Energy Lags, Affirms Outlook

Posted: 04 May 2011 02:06 PM PDT

Energy utility TECO Energy Inc. (NYSE:TE) announced its first-quarter 2011 operating earnings of 24 cents per share (or $51.7 million), which missed the Zacks Consensus Estimate of 30 cents. The results of the company were also lower than 34 cents per share ($72.9 million) reported in the year-ago quarter.
GAAP earnings in the quarter were 24 cents per share versus 26 cents per share in the first quarter of 2010.
Total Revenue
Total revenue at TECO Energy at the end of the first quarter was $796.1 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Incyte Narrows Loss

Posted: 04 May 2011 02:06 PM PDT

Incyte Corporation's (NASDAQ:INCY) first quarter 2011 loss of $0.21 per share was narrower than the Zacks Consensus loss Estimate by $0.10 and the year-ago adjusted loss by $0.06. The narrower loss was attributable to the jump in revenues which more than offset the rise in total cost and expenses.
Total revenues in the reported quarter jumped to $32.0 million from $17.3 million in the year-ago quarter, up 85%. Revenues were boosted by the recognition of $15.0 million by Incyte of a milestone … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Closing Bell Market Monitor: LVS, TWX, CAG, VSEA, RENN

Posted: 04 May 2011 02:00 PM PDT

05/04/11 The latest in news, commentary, and information on what’s moving the US equities markets prior to the NYSE opening … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Stock Market Summary For Wednesday, May 4, 2011 Special Alert On Short Candidates

Posted: 04 May 2011 01:57 PM PDT

Quick Note: before tomorrow’s market open we will be posting a new list of potential stocks to go long and sell short.  We will be calling this our ‘Focus List’.  This is different than the ‘Watch list’ we have been maintaining in our daily blog.  If you are interested in having access to our ‘Focus List’ then please register to become a member to our website.  You can access by clicking on the ‘Focus List’ webpage or by clicking … [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: 04 May 2011 01:55 PM PDT

Forex Pros – The Euro was higher against the U.S. Dollar on Wednesday after the release of U.S. data on ADP Nonfarm Employment Change.<br/><br/> EUR/USD was trading at 1.4830, up 0.03% at time of writing.<br/><br/> The pair was likely to find support at 1.4755, Tuesday&rsquo;s low, and resistance at 1.4940, today&rsquo;s high.<br/><br/> Earlier in the day, official data showed that non-farm employment change in the U.S. rose less-than-expected to a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Chicago Bridge & Iron Lags

Posted: 04 May 2011 01:45 PM PDT

Chicago Bridge & Iron Company (NYSE:CBI) reported earnings per share from continuing operations of 51 cents for the first quarter of 2011, falling below the Zacks Consensus Estimate of 54 cents.
Revenue for the first quarter 2011 was $954.3 million, representing a $84.9 million increase (10%) from the corresponding prior-year period. This was below the Zacks Consensus Estimate of $1.03 billion.
During the first quarter 2011, new awards, were $1.0 billion, compared with … [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: 04 May 2011 01:40 PM PDT

Forex Pros – The U.S. Dollar was lower against the Japanese Yen on Wednesday.<br/><br/> USD/JPY was trading at 80.60, down 0.43% at time of writing.<br/><br/> The pair was likely to find support at 80.43, today&rsquo;s low, and resistance at 81.69, Monday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.03% to hit 1.4829 and GBP/USD rising 0.03% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Big 5 Slips On EPS, Meets Top Line

Posted: 04 May 2011 01:38 PM PDT

Big 5 Sporting Goods Corp. (NASDAQ:BGFV) reported first quarter 2011 earnings per share of 13 cents, falling short of the Zacks Consensus Estimate of 19 cents a share and trailing 43.5% from 23 cents per share reported in the same quarter last year.
Quarter in Detail
Net sales increased to $221.1 million in the first quarter from $218.5 million in the year-earlier period. Sales also matched up to the Zacks Consensus Estimate of $222 million. Same store sales decreased 0.9% on a year-over-year … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

XL Group Suffers On Huge Cat Loss

Posted: 04 May 2011 01:38 PM PDT

XL Group (NYSE:XL) reported its first-quarter 2011 operating loss of 52 cents per share, wider than the Zacks Consensus Estimate of a loss of 38 cents.  Results compare unfavorably with operating profit of 44 cents earned in the year ago quarter. Operating loss was $163 million, compared with operating profit of $150 million in the prior-year quarter.
The quarter suffered hugely due to the Australian flooding in January, the New Zealand earthquake in February and the Tohoku earthquake in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

WM Invests In Food Waste Recycling

Posted: 04 May 2011 01:38 PM PDT

The largest provider of comprehensive waste management services in North America, Waste Management Inc. (NYSE:WM) is strengthening its foothold in the growing food waste recycling business by investing in Peninsula Compost Company, LLC ("PCC"), which is engaged in organics processing.
Peninsula Compost diverts organic waste from landfills and produces natural, nutrient-rich, environmentally friendly organic compost and soil products for the retail, professional and agribusiness markets. The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Universal Tech Tops EPS Ests

Posted: 04 May 2011 01:38 PM PDT

Universal Technical Institute Inc. (NYSE:UTI) recently posted better-than-expected second-quarter 2011 results. The quarterly earnings of 28 cents a share outdid the Zacks Consensus Estimate of 26 cents, and climbed 12% from 25 cents earned in the prior-year quarter.
Behind the Headline
Net revenue for the quarter climbed 8.1% to $114.2 million from the prior-year quarter, and remained at par with the Zacks Consensus Estimate. The increase in revenue reflects higher average undergraduate full-time … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

How To Get Income AND Momentum

Posted: 04 May 2011 01:38 PM PDT

With the 10-year T-note yielding only 3.21%, investors interested in getting income from their investments are in sort of a tough place. Dividend-paying stocks are a very good place to look for a replacement.

One thing you know for sure is that the coupon payment on a 10-year note is not going to rise. A yield of 3.21% does not offer much of a cushion against inflation. What is inflation likely to average over the next 10 years? I have no idea, but based on the spread between the regular … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

What Can Onions Teach Us About Oil Prices?

Posted: 04 May 2011 01:27 PM PDT

Fortune Magazine (June 30, 2008) — “Before the government starts scrutinizing the role that speculators may have played in driving up fuel and food prices, investigators may want to take a look at price swings in a commodity not in today’s news: onions. 

The bulbous root is the only commodity for which futures trading is banned. Back in 1958, onion growers convinced themselves that futures traders were responsible for falling onion prices, so they lobbied an up-and-coming Michigan … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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

Posted: 04 May 2011 01:25 PM PDT

Forex Pros – The Euro was lower against the U.S. Dollar on Wednesday.<br/><br/> EUR/USD was trading at 1.4823, down 0.01% at time of writing.<br/><br/> The pair was likely to find support at 1.4755, Tuesday&rsquo;s low, and resistance at 1.4940, today&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.03% to hit 0.8989 and EUR/JPY falling 0.40% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Hot Option Plays: China Slowdown Slides Market

Posted: 04 May 2011 01:18 PM PDT

Cusick’s Corner
Support — that is what the market is looking at into the Midday and After Hours sessions. This pullback is not the surprising but if support is not held, 134 in the SPY, a drive to April lows are in the sights of the bears. Volatility has not popped on the pullback today but it has been on the rise, so hedging could become more expensive if the market starts to challenge these support levels. See you After Hours.
Stocks are broadly lower on disappointing economic data … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Henry Schein Tops On EPS

Posted: 04 May 2011 01:10 PM PDT

Henry Schein (NASDAQ:HSIC) reported an EPS of 82 cents in the first quarter of fiscal 2011, surpassing the Zacks Consensus Estimate of 80 cents. The EPS was also 9.3% higher than the year-ago period's adjusted EPS of 75 cents.
Henry Schein reported a 10.6% rise in net sales to reach $1.9 billion, consisting of a 9.9% growth in local currency and 0.7% growth associated with foreign currency. Revenues beat the Zacks Consensus Estimate of $1.86 billion.
Henry Schein derives revenues from dental, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Food Stamp Usage Up 11.6%

Posted: 04 May 2011 01:10 PM PDT

As of February, there were 39.589 million Americans on Food Stamps. That is up 11.6% from a year ago. It works out to be about one in seven citizens, or more than the combined populations of Louisiana, Connecticut, Iowa, Mississippi, Arkansas, Kansas, Utah, Nevada, New Mexico, West Virginia, Nebraska, Idaho, Hawaii, Maine, New Hampshire, Rhode Island, Montana, Delaware, South Dakota, Alaska, North Dakota, Vermont and Wyoming. In case you were not counting, that is 23 states. The increase over … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. Markets Close Lower; Dow Jones Down 0.66%

Posted: 04 May 2011 01:10 PM PDT

Forex Pros – U.S. stocks were down after the closing bell on Wednesday.<br/><br/> At the close of U.S. trade, the Dow Jones Industrial Average fell 0.66%, the S&P 500 index shed 0.69%, while the Nasdaq 100 index declined 0.22%.<br/><br/> Earlier in the day, official data showed that non-farm employment change in the U.S. rose less-than-expected to a seasonally adjusted 179K last month, from 207K in the preceding month whose figure was revised up from … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Higher Costs Hurts Kellogg

Posted: 04 May 2011 08:00 AM PDT

05/04/11 Kellogg Co.’s 1Q net income fell 12% after dealing with higher costs and more brand … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Loss At Regeneron Widens

Posted: 04 May 2011 12:55 PM PDT

Regeneron Pharmaceuticals Inc.'s (NASDAQ:REGN) first quarter 2011 net loss of $0.49 per share was wider than the Zacks Consensus Estimate of a net loss of $0.38. The company suffered a loss of $0.38 in the year-ago quarter. The wider loss was attributable to higher operating expenses which more than offset the rise in revenues.
Quarterly Results in Detail
Total revenue in the reported quarter climbed 8.4% to $112.2 million. Revenues fell short of the Zacks Consensus Estimate of $114 million. Total … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

American Medical Tops Estimates

Posted: 04 May 2011 12:55 PM PDT

Leading pelvic-health devices provider American Medical Systems (NASDAQ:AMMD) reported first-quarter fiscal 2011 adjusted (excluding one-time items such as amortization charges) earnings per share of 33 cents, beating the Zacks Consensus Estimate of 30 cents and surpassing the year-ago adjusted earnings of 29 cents.
The results were ahead of the Minnesota-based company's guidance range of 29 cents and 32 cents.
Besides, amortization charges, adjusted earnings also exclude the start-up expenses … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

CEO Spotlight: Joseph Chen, CEO Of Renren

Posted: 04 May 2011 12:45 PM PDT

05/04/11 Renren Chairman and CEO, Joseph Chen, discusses the company’s IPO and first day of trading at the … [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: 04 May 2011 12:45 PM PDT

Forex Pros – The British Pound was higher against the U.S. Dollar on Wednesday after the release of U.S. data on ADP Nonfarm Employment Change.<br/><br/> GBP/USD was trading at 1.6500, up 0.08% at time of writing.<br/><br/> The pair was likely to find support at 1.6453, today&rsquo;s low, and resistance at 1.6739, Monday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that non-farm employment change in the U.S. rose … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Genomic Health Beats On Revenues

Posted: 04 May 2011 12:35 PM PDT

Genomic Health (NASDAQ:GHDX) reported loss per share of 1 penny in the first quarter of fiscal 2011 compared to loss of 7 cents in the year-ago period driven by higher revenues. According to the Zacks Consensus Estimate, the company was expected to report an EPS of 1 penny during the quarter.
Total revenue in the reported quarter climbed 20.8% year over year to $49.8 million, marginally above the Zacks Consensus Estimate of $49 million. Product revenues (primarily from the Oncotype DX breast cancer … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Tenneco Doubles Profit

Posted: 04 May 2011 12:35 PM PDT

Tenneco Inc. (NYSE:TEN) depicted a profit of $39 million or 63 cents in the first quarter of 2011, surpassing the Zacks Consensus Estimate by 15 cents per share. It more than doubled from $15 million or 25 cents in the same quarter of 2010 driven by higher original equipment (OE) volumes and strong aftermarket sales.
Revenues in the quarter appreciated 34% to $1.76 billion on the back of higher OE production volumes, strong aftermarket sales and incremental revenues from new light and commercial … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Myriad Beats, Raises Guidance

Posted: 04 May 2011 12:35 PM PDT

Myriad Genetics (NASDAQ:MYGN) reported an EPS of 31 cents for the third quarter of fiscal 2011, beating the Zacks Consensus Estimate of 25 cents. However, the EPS was 6.1% lower compared to 33 cents in the year-ago period.
Revenues were $102.4 million, up 13% compared with the year-ago quarter's $90.8 million and higher than the Zacks Consensus Estimate of $98.0 million. Despite a 13% growth in revenues, Myriad's EPS was lower compared to the year-ago quarter due to a decline in interest income, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

ICE Outperforms, Growth Steady

Posted: 04 May 2011 12:35 PM PDT

IntercontinentalExchange Inc.'s (NYSE:ICE) first quarter operating earnings of $1.77 per share were modestly ahead of the Zacks Consensus Estimate of $1.68 per share but grew 30.1% year over year from $1.36 per share reported in the year-ago period.
Excluding certain acquisition-related costs, net operating income of $131.0 million surged 29.1% year over year in the reported quarter. Net income attributable to shareholders was $128.9 million or $1.74 per share, compared with $101.2 million or … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Terex Gets Loan For Demag Buy

Posted: 04 May 2011 12:35 PM PDT

Terex Corp. (NYSE:TEX) announced it has received term loan commitments of $1.1 billion and multi-currency revolving lines of credit to fund its 883.9 million euro ($1.3 billion) takeover of Dusseldorf, Germany-based Demag Cranes AG, announced earlier this week.
On May 2, 2011, Terex's German subsidiary, Terex Industrial Holding AG, made a voluntary cash public tender offer of 41.75 euros per share, which is at a 41% premium to the last undisturbed share price of 29.65 euros and a 15% … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

05/04 FX Options Report

Posted: 04 May 2011 07:31 AM PDT

The EUR strengthened against the USD, hitting 18-month highs. Both the JPY and CHF advanced, amidst weakened risk … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

05/04 FX Options Report

Posted: 04 May 2011 07:30 AM PDT

The EUR strengthened against the USD, hitting 18-month highs. Both the JPY and CHF advanced, amidst weakened risk … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CAD Up In U.S. Trade

Posted: 04 May 2011 12:10 PM PDT

Forex Pros – The U.S. Dollar was higher against the Canadian Dollar on Wednesday.<br/><br/> USD/CAD was trading at 0.9584, up 0.60% at time of writing.<br/><br/> The pair was likely to find support at 0.9447, Monday&rsquo;s low, and resistance at 0.9604, today&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.08% to hit 1.4837 and GBP/USD rising 0.15% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Preview: Electronic Arts

Posted: 04 May 2011 12:05 PM PDT

Video game developer and publisher, Electronic Arts Inc. (NASDAQ:ERTS) is scheduled to release its fourth quarter 2011 results after the market closes today.
Since the third quarter release, shares of Electronic Arts have increased 10.7% compared to a 2.4% decline in the shares of its closest competitor Activision Blizzard Inc. (NASDAQ:ATVI). For the same period, the S&P 500 increased 3.5%.
Despite outperforming the broader market in the last three months, sluggish revenue growth remains the primary … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Vornado Flies Past Estimates

Posted: 04 May 2011 12:05 PM PDT

Vornado Realty Trust (NYSE:VNO), a leading real estate investment trust (REIT), reported first quarter 2011 FFO (funds from operations) of $505.9 million or $2.64 per share, versus $353.8 million or $1.87 in the year-earlier quarter. Fund from operations, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income.
The reported FFO per share during first quarter 2011 surpassed the Zacks Consensus Estimate … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

NET Servicos Beats In 1Q11

Posted: 04 May 2011 12:05 PM PDT

NET Servicos de Comunicacao S.A. (NASDAQ:NETC) declared better-than-expected financial results for the first quarter of 2011. Quarterly net income was $63.9 million or 19 cents per share compared with net income of $27.5 million or 8 cents per share in the year-ago quarter.
First-quarter 2011 EPS of 19 cents was significantly above the Zacks Consensus Estimate of 9 cents.
First-quarter gross revenue was $1,171.8 million, an improvement of 17.6% year over year. The increase was mainly attributable to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Strong Quarter For BioScrip

Posted: 04 May 2011 12:05 PM PDT

BioScrip Inc. (NASDAQ:BIOS), a specialty pharmacy services provider, reported an EPS of 5 cents in the first-quarter of fiscal 2011 compared with the year-ago quarter's loss per share of 18 cents. According to the Zacks Consensus Estimate, the company was expected to report break even results during the quarter.
BioScrip operates through two segments – Infusion and Home Health Services and Pharmacy Services. Total revenue for the quarter was $439.3 million, marginally missing the Zacks Consensus … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Masimo Squeaks Past Estimates

Posted: 04 May 2011 12:05 PM PDT

Masimo Corporation (NASDAQ:MASI) posted first-quarter fiscal 2011 earnings per share of 30 cents, beating the Zacks Consensus Estimates of 29 cents and surpassing the year-ago adjusted earnings of 24 cents.
The year-ago quarter's figure excludes $30.1 million (or 20 cents a share), a one-time gain related to an antitrust lawsuit win over Covidien (NYSE:COV). Profit slid 32.6% year over year to $18 million after taking into account the gain.   
Revenues
Revenues for the quarter soared … [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: 04 May 2011 11:47 AM PDT

Forex Pros – The Euro was higher against the U.S. Dollar on Wednesday.<br/><br/> EUR/USD was trading at 1.4854, up 0.20% at time of writing.<br/><br/> The pair was likely to find support at 1.4755, Tuesday&rsquo;s low, and resistance at 1.4940, today&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.01% to hit 0.8991 and EUR/JPY falling 0.22% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: USDJPY Has Cause To Pause Against Trendline Support

Posted: 04 May 2011 11:39 AM PDT

The USDJPY has a reason to pause as the price has tested channel support. The question now becomes do the dip buyers get satisfaction. Risk is defined against trendline. Targets become the 80.68 level – which was the low from yesterday – and the top side trendline at the 81.00 level.  Breaking these levels will help break the back of the move down at least for the time being.
If the levels can not be breached above, the market is likely to continue its move to the downside.   … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Introducing RTT TrendPower

Posted: 04 May 2011 02:21 AM PDT

We are great fans of volume to price studies, we are after all a Richard Wyckoff logic fan site. We also like to mix up Wyckoffian logic with Hurst and Gann logic for better returns, and it may surprise you that we are not much of a fan of the wiggly lines that go under price charts. Unless we can determine the benefits out weigh the eye strain and head aches of viewing many of these (mostly useless) indicators.

The wiggly lines we like the most are: Hurst Cycles, RTTTrendStatus, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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