Tuesday, May 3, 2011

DailyMarkets.com - InTEST: Focus On Valuation

DailyMarkets.com - InTEST: Focus On Valuation

InTEST: Focus On Valuation

Posted: 03 May 2011 09:35 AM PDT

Ken Nagy, CFA
inTEST: Focus on Valuation

Executive Summary
inTEST Corporation (INTT) is a designer, manufacturer and marketer of mechanical, thermal and electrical products that are used by semiconductor manufacturers in conjunction with automatic test equipment, (ATE), in the testing of integrated circuits, (ICs). Beyond its blue chip portfolio of semiconductor manufacturers, the acquisition of Sigma has propelled the firm to diversify into non-semi thermal testing products. This has the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Embraer’s 1Q Results Beat Estimate

Posted: 03 May 2011 09:35 AM PDT

Brazilian aircraft manufacturer Embraer S.A. (NYSE:ERJ) reported its financial results for the first quarter of 2011, on May 2. Earnings per ADS in the quarter were 58 cents, up from 13 cents in the year-ago quarter, and down from 68 cents in the previous quarter. Results surpassed the Zacks Consensus Estimate of 34 cents.
The year-over-year improvement in bottom-line results can be attributed to higher sales and decline in operating expenses.
Revenue
Net revenue in the quarter was $1,055.7 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Famous Dave’s Beats By A Penny

Posted: 03 May 2011 09:05 AM PDT

Minnetonka, Minnesota-based Famous Dave’s of America, Inc. (NASDAQ:DAVE) recently reported first quarter 2011 adjusted earnings of 15 cents per share, which surpassed the Zacks Consensus Estimate by a penny and was in line with the prior-year quarter earnings.
Famous Dave's, which owns, franchises and operates restaurants in the U.S, reported total revenue of $37.1 million, up 13.8% year over year.  Total revenue was in line with the Zacks Consensus Estimate. The upside in revenue was … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

AZN Revenues Fall; Outlook Improved

Posted: 03 May 2011 09:05 AM PDT

AstraZeneca plc (NYSE:AZN) reported first-quarter fiscal 2011 core earnings of $2.23 per American Depositary Share (ADS), reflecting an increase of 10% (at constant exchange rates [CER]) from the prior-year quarter. The Zacks Consensus Estimate for the reported quarter was $2.04 per share. Including one-time items, earnings came in at $2.08, up 10%.
Despite lower revenues, earnings climbed as a result of lower tax rate and lower number of shares outstanding.
Revenues
AstraZeneca's first quarter … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EUR/USD Daily Fundamental Analysis For May 04, 2011

Posted: 03 May 2011 09:03 AM PDT

By ForexMansion.com
The EUR/USD was under negative pressure on Tuesday and moved south most of the day on a stronger dollar amid risk aversion and rising debt woes in the euro area.
After the boost the market received from the announced death of Osama Bin Laden the sentiment shifted to negative once more yet only remained in the favor of greenback, pressuring the EUR/USD to the downside.
Risk aversion intensified on Tuesday with losses to high yielding currencies, equities, and other assets as … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

USD/CHF Daily Fundamental Analysis For May 4, 2011

Posted: 03 May 2011 09:02 AM PDT

By ForexMansion.com
 
The Swiss economy lacks fundamentals today, thus main highlight will be on US data. At 12:15 GMT then 14:00 GMT, the U.S economy is set to release ADP employment change where it is expected to decrease to 200,000 in April from the previous 201,000, while ISM non-manufacturing will rise to 58.0 in April from 57.3, according median estimates.
On Tuesday, we saw a rebound in the dollar after dipping to a record low against major currencies, including the swissy, last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Up At The End Of European Session

Posted: 03 May 2011 09:00 AM PDT

Forex Pros – The Euro was higher against the U.S. Dollar on Tuesday.<br/><br/> EUR/USD was trading at 1.4875, up 0.30% at time of writing.<br/><br/> The pair was likely to find support at 1.4755, today&rsquo;s low, and resistance at 1.4902, Monday&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 1.03% to hit 0.8996 and EUR/JPY rising 0.04% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

GBP/USD Daily Fundamental Analysis For May 4, 2011

Posted: 03 May 2011 08:59 AM PDT

By ForexMansion.com
 
Investors will wait for PMI construction, mortgage approvals, and M4 money supply from the UK as of 08:30 GMT. The data may have impact on the pound’s movements versus the dollar after the drop in PMI manufacturing for April to the lowest level in seven months, as shown by data released yesterday. The manufacturing gauge fell to 54.6 from 57.1 in March which may raise concern about the strength of recovery in the second quarter after the 0.5% rebound in growth in the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

May 3 Check On Massively Divergent Market Internals

Posted: 03 May 2011 08:51 AM PDT

What are market internals – namely Breadth and VOLD – revealing about the current state of the market rally?
Let's take a look, starting with the hourly chart:

As I highlighted in last night's member report, the current rally structure and present divergence is similar in nature to that of the end-of-March rally into the 1,340 level.
Breadth – advancing issues minus declining issues – was strongest at the start of the rally (green highlight) and then steadily declined from the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: GBPUSD Pushes Higher Above The Ceiling

Posted: 03 May 2011 08:49 AM PDT

The GBPUSD moved above the consolidating levels (see prior post by CLICKING HERE) and the 100 bar MA (blue line in the chart above) and the race higher was on. The price is now looking to test the 200 bar MA target at the 1.6558 (green line in the chart above) after moving through the 38.2% retracement of the move … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex News – Markets Fluctuate On Mixed Earnings, And Rising U.S. Factory Orders.

Posted: 03 May 2011 08:44 AM PDT

By ForexMansion.com
Mixed sentiments are spread through financial markets, where a rising U.S. dollar pushed commodity prices including crude oil and precious metals lower, while rising factory orders in the United States provided slight hope for investors amid the lack of any major market movers, and mixed earnings also helped in supporting the mixed sentiment in markets.
U.S. factory orders increased in March by 3.0 percent, compared with the prior revised rise of 0.7% and above median … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EUR/USD Technical Analysis For May 3, 2011

Posted: 03 May 2011 08:43 AM PDT

By ForexMansion.com

 
The EUR/USD pair had a slightly bullish day today, as the market is starting to look a bit tired. The 1.49 area is proving difficult, but the trend is firmly up from here, and any move down will more than likely prove to be a pullback that is corrective in nature. Look to buy on support areas such as 1.45 and 1.43 as well. Selling isn't advised.

Originally posted here
Read more about forex technical analysis, forex fundamental analysis and forex news on … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Greatest Profit Potential Of The Last Decade

Posted: 03 May 2011 08:40 AM PDT

(This article was written today by Toby Connor / Gary Savage, my partner of the GoldScents website. If you are interested in having access to the daily and weekend reports we produce you may consider a subscription to our service here.  John)

After what should be a brief pause this week commodity markets will move into the greatest rally of the last decade. As usual I will stay focused on the precious metal markets. They have been the leaders during this entire move out of the `08 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Ruth Reports In Line

Posted: 03 May 2011 08:35 AM PDT

Heathrow, Florida-based Ruth's Hospitality Group Inc. (NASDAQ:RUTH) reported first quarter 2011 adjusted earnings of 13 cents per share, in line with the Zacks Consensus Estimate, but missed the prior-year quarter earnings of 16 cents. The results were driven by top-line growth.
Total revenue spiked 4.3% year over year to $9.3 million. Company-owned restaurant sales inched up 4.5% to $95.3 million, while franchise income jumped 4.3% to $3.1 million.
During the quarter, comparable restaurant sales … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Cosi’s Sales Plunge, Comps Up

Posted: 03 May 2011 08:30 AM PDT

Deerfield, Illinois-based Cosi Inc. (NASDAQ:COSI), a premium casual dining restaurant chain, recently reported its first quarter 2011 sales results. Total revenue, which comprises company-operated restaurant sales and franchise fees and royalties, decreased 14.1% year over year to $23.7 million in the quarter. 
This decline was credited to the sale of 13 company-owned restaurants to a franchisee in second quarter 2010. As a result, company-operated restaurant sales tumbled 15.0% to $23.0 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Bond Market Advances As Fear Creeps Higher

Posted: 03 May 2011 08:24 AM PDT

Core European government bonds bucked an otherwise broader decline in yields around the globe inspired by rising tensions after bin Laden's death. Equity prices declined alongside those of leading commodities, partially inspired by weakness in Chinese and U.S. manufacturing trends. Americans have been warned to be extra-vigilant at this time and for now there is a broader sense of fear over recrimination that has bond-buyers with the upper hand.
Eurodollar futures – Twelve-month bill yields … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Silver Bullet?

Posted: 03 May 2011 08:18 AM PDT

Today’s Idea
The price move in Silver is a textbook example of a parabolic market, which can collapse very quickly. That being said, there is still outside fundamental support for price in the form of a weaker US Dollar and strong Gold prices. The chart certainly shows signs that there may be chinks in Silver’s armor. Given the extreme market volatility in Silver lately, trading the futures may not be suitable for many traders. Even the mini contracts have seen dollar movements akin to the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

FirstEnergy Posts Mixed 1Q Results

Posted: 03 May 2011 08:05 AM PDT

Diversified energy company FirstEnergy Corp. (NYSE:FE) announced its first-quarter 2011 operating earnings of 69 cents per share, falling short of the Zacks Consensus Estimate of 74 cents per share and year-ago earnings of 81 cents per share.
The 12 cent year-over-year decline in earnings mainly issued from headwinds like the shares issued for its merger with Allegheny, higher operation and maintenance expenses, reduced capitalized interest, increased general taxes, and lower commodity margin from … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Emerson Underperforms Estimate

Posted: 03 May 2011 08:05 AM PDT

Emerson Electric Company (NYSE:EMR) released its second quarter 2011 earnings results before the opening bell today, reporting earnings per share from continuing operation of 73 cents, below the Zacks Consensus Estimate of 75 cents. Earnings for the quarter were up 38% year over year.
Total revenue was $5.9 billion, up 18% year over year. Excluding a 3% benefit from acquisitions and a positive impact of 1% from currency fluctuations, underlying sales growth was 14%. Sales in the US shot up 13%, in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Massey Reports Positive Results

Posted: 03 May 2011 08:05 AM PDT

Coal miner, Massey Energy Company (NYSE:MEE) reported operating earnings of 28 cents per share or $28.5 million, missing the Zacks Consensus Estimate of 58 cents per share. Operating earnings for the quarter excluded one-time charges related to the Upper Big Branch (UBB) mine disaster, loss on derivative instruments and transaction costs related to the proposed merger with Alpha Natural Resources Inc. (NYSE:ANR).
On a GAAP basis, Massey Energy continued its loss-making trend in the first quarter 2011 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Word From The Floor: US Stocks Lower At Open

Posted: 03 May 2011 08:00 AM PDT

05/03/11 Wall Street fell at the open, amidst weakened risk appetite. Pfizer shares declined as revenue missed … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – Dollar Higher Vs. Most Rivals Amid Safe Haven Demand

Posted: 03 May 2011 07:59 AM PDT

Forex Pros – The U.S. dollar was higher against most of its major rivals on Tuesday, as fears of reprisals by terrorist groups linked to Al Qaeda after Sunday&rsquo;s killing of Osama bin Laden spurred demand for safe haven assets.<br /><br />During U.S. morning trade, the greenback was higher against the euro, with EUR/USD dipping 0.04% to hit 1.4822.<br /><br />Earlier official data showing that European producer price inflation unexpectedly accelerated to the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Archer Daniels Midland Serves Up A 1Q Earnings Boost

Posted: 03 May 2011 02:45 AM PDT

05/03/11 Improvements in all three business segments helped Archer Daniels Midland boost its fiscal 1Q … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Down After Worse-than-expected U.K. PMI

Posted: 03 May 2011 07:41 AM PDT

Forex Pros – The pound remained sharply lower against the U.S. dollar on Tuesday, after a report showing that manufacturing activity in the U.K. declined to a seven-month low in April dampened expectations for a near-term rate hike by the central bank.<br /><br />GBP/USD hit 1.6468 during U.S. morning trade, the pair&rsquo;s lowest since April 27; the pair subsequently consolidated at 1.6480, tumbling 1.03%.<br /><br />Cable was likely to find support at 1.6384, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

GBP/USD Has Support At 1.6440 Before 50% Retracement At 1.6340

Posted: 03 May 2011 07:37 AM PDT

GBP/USD in a Triangle with Resistance at 1.6740 (5/2)
GBP/USD

Short-Term to Medium Term- The GBP/USD was in a triangle to start the week. That proved to be only a precursor to the larger correction that was about to take place.
- After failing to break above 1.6740/50, the market accelerated lower, crashing below a new channel support, and the 1.6550, 61.8% retracement level of the rally from 1.6440.
- The question is whether the current correction completes an abc correction, or whether … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Trims Losses As ECB Rate View Supports

Posted: 03 May 2011 07:35 AM PDT

Forex Pros – The euro trimmed losses against the U.S. dollar on Tuesday, as the single currency remained well supported ahead of a policy setting meeting by the European Central Bank later in the week.<br /><br />EUR/USD clawed back up from 1.4755, the pair&rsquo;s lowest since April 27, to hit 1.4831 during U.S. morning trade, easing up 0.02%.<br /><br />The pair was likely to find support at 1.4631, the low of April 27and resistance at 1.4901, Monday&rsquo;s … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

US Factory Orders Surprise To The Upside, Second Better Than Expected Report For US Manufacturing

Posted: 03 May 2011 07:29 AM PDT

Following the ISM manufacturing PMI report that beat expectations yesterday, the US manufacturing sector got another better than expected report as factory orders jumped 3% in March to $462.91 billion. The gain came on underlying strength as orders exluding transportation was up 2.6%. Adding to the reports strength, February's 0.1% drop in factory orders was revised upward to a 0.7% gain. That means orders have climbed the last 5 months.
A key barometer for business investment – orders for … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Oil Drops For Second Day

Posted: 03 May 2011 06:55 AM PDT

05/03/11 Front month crude prices continued to decline this session on concerns the death of Osama Bin Laden will spark attacks of retaliation by … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

FX Headlines: Greenback, Yen Gain On Shift To Risk Aversion

Posted: 03 May 2011 06:43 AM PDT

Weak data out of the United Kingdom coupled with a shift to risk aversion on fears that Osama bin Laden's death could stoke a retaliatory response boosted the Greenback and Yen while sinking the Pound in the overnight. The stronger U.S. Dollar weighed on equity market futures and commodities, which were poised to trade lower after coming off of fresh yearly highs at the end of last week.

Fundamental Headlines
• Bin Laden's Death 'Defining Moment' as U.S. Says Risk Remains – … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Morning Market Brief

Posted: 03 May 2011 01:25 AM PDT

05/03/11 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

Commodity Weakness Sparks Demand For Dollar, Yen

Posted: 03 May 2011 06:17 AM PDT

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


Experian Strengthens Latin American Presence With Computec Deal

Posted: 03 May 2011 02:10 AM PDT

Experian (LON:EXPN) , the FTSE 100 information services company, said this morning that it had signed a definitive agreement to acquire a controlling stake in Latin American credit services information provider Computec S. A. Experian is paying COP$10,419 (£3.573) per share for the Colombian-listed group, which values it at COP$736bn (£252m). The acquisition is a boost to Experian's existing Latin American presence and builds on a strong market position in Brazil. In assessing the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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