Tuesday, May 17, 2011

DailyMarkets.com - JAKKS Pacific Upgraded

DailyMarkets.com - JAKKS Pacific Upgraded

JAKKS Pacific Upgraded

Posted: 17 May 2011 09:32 AM PDT

We recently upgraded our rating on Malibu, California-based JAKKS Pacific Inc. (NASDAQ:JAKK), from Underperform to Neutral. The rating was upgraded on a host of factors including better-than-expected first quarter results, continued margin expansion, strong product line-up and healthy financials.
JAKKS Pacific reported first quarter 2011 loss of 39 cents per share, a penny ahead of the Zacks Consensus Estimate. The result compared unfavorably with 37 cents loss per share in the prior-year quarter. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Scorecard: CenturyLink

Posted: 17 May 2011 09:32 AM PDT

The third-largest U.S. landline operator CenturyLink Inc. (NYSE:CTL) reported first quarter 2011 results on May 5. Adjusted earnings per share of 76 cents beat the Zacks Consensus Estimate by 4 cents. However, earnings were 17 cents lower than the year-earlier results.
First Quarter Review
CenturyLink generated disappointing revenues in the quarter due to sustained erosion in access lines and ongoing migration from fixed lines to wireless. The company is enjoying strong demand for its broadband … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Canadian Solar Busy Selling Modules

Posted: 17 May 2011 09:07 AM PDT

Canadian Solar Inc. (NASDAQ:CSIQ) has signed an agreement with Saferay GmbH to sell 81 MW of solar modules at a fixed price for projects in Germany. Canadian Solar has already begun delivery and expects to complete the full quota of 81 MW before the end of the third quarter 2011.
Recently, Canadian Solar entered into another agreement with GP Joule to supply 97 MW high performance solar modules before December 31, 2011.
Canadian Solar is committed to render products of a high quality with comparable … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Housing Starts Or Stops

Posted: 17 May 2011 09:07 AM PDT

Housing Starts fell in April to a seasonally adjusted annual rate of 523,000 from 585,000 in March, a decrease of 10.6%. However, the March numbers were revised sharply higher, from 549,000, so it is possible to see the decrease as 26,000, or 4.7%. Relative to a year ago, they are down 23.9%.

It's not that things were going great guns for the homebuilders last year, but sales were goosed by the end of the homebuyer tax credit. Thus the year-over-year decline is off of a relatively tough … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Healthways: Static US Well-Being

Posted: 17 May 2011 09:07 AM PDT

Healthways (NASDAQ:HWAY) and Gallup recently announced the results of the monthly Gallup-Healthways Well-Being Index ("WBI") Report for April 2011. The overarching WBI composite measure remained on the lower side at 66.2, relatively unchanged from 66.3 recorded in March. For the eighth consecutive month, the measure has remained range-bound between 66.0 and 66.7, demonstrating minimal shift in the overall well-being of the American people.
Among the various sub-component indexes, the Basic … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Wal-Mart Still Strong On Growing Global Business

Posted: 17 May 2011 09:00 AM PDT

05/17/11 Wal-Mart Stores inc. saw a 1Q net income rise on effective cost control efforts and growing overseas … [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: 17 May 2011 09:00 AM PDT

Forex Pros – The Euro was higher against the U.S. Dollar on Tuesday after the release of euro zone data on German ZEW Economic Sentiment.<br/><br/> EUR/USD was trading at 1.4157, up 0.01% at time of writing.<br/><br/> The pair was likely to find support at 1.4048, Monday&rsquo;s low, and resistance at 1.4339, Friday&rsquo;s high.<br/><br/> Earlier in the day, data showed that German ZEW economic sentiment fell more-than-expected to 3.1 last month, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Reprofiling, Or “Soft Restructuring”, Of Greek Debt Gathers Some Momentum

Posted: 17 May 2011 08:49 AM PDT

The meeting of European finance ministers has brought some admission by policy makers that Greek's sovereign debt load is unsustainable. Last week, part of the speculation was that the original bail-out for Greece could be expanded to cover its short-falls in 2012 and 2013, which it was supposed to finance in money markets.
Today, we saw the door open to the possibility of a "soft" restructuring, in which creditors would be faced with the prospect of lengthening the maturities of their … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: AUDUSD Moves Below The 38.2% Of The 2011 Range

Posted: 17 May 2011 08:41 AM PDT

The AUDUSD has moved below support at the 1.0511 level.    Commodity prices have been moving lower with precious metals trading at day lows. Gold is testing the 38.2% of the 2011 range at the $1473 level.
 
Copper is also back below the 200 day … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Mylan Launches Generic Drugs

Posted: 17 May 2011 08:32 AM PDT

MylanInc. (NYSE:MYL) recently launched its generic version of Ista Pharmaceuticals Inc's (NASDAQ:ISTA) Xibrom ophthalmic solution, used for the treatment of inflammation in patients who have undergone a cataract extraction operation. The generic has been launched under a development and supply agreement with Coastal Pharmaceuticals. The branded product recorded sales of $116 million in US for the twelve months ending on March 31, 2011.
Mylan also recently announced launches of generic versions of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Scorecard: Dean Foods

Posted: 17 May 2011 08:27 AM PDT

Dean Foods Co. (NYSE:DF) recently announced its financial results for the first-quarter of fiscal 2011.
Street analysts had a week to ponder the news. In the paragraphs that follow, we cover the recent earnings announcement, subsequent analysts' estimate revisions as well as the Zacks Rank and long-term recommendation for the stock.
Earnings Review
Dean Foods' adjusted earnings per share for the first quarter fiscal 2011 came in at 14 cents, well behind 23 cents recorded in the year-ago … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Stalking USD/JPY’s Corrective Structure

Posted: 17 May 2011 08:22 AM PDT

USD/JPY in a Pullback after a Bearish Breakout (5/13)
USD/JPY

Short-Term- The USD/JPY continues a choppy uptrend in a loosely defined channel. The overlapping wave structures hint at its corrective nature.
- The count is to complete WXY correction, which is a double 3 (2 (a)(b)(c) waves connected by wave X.
- The current rally from X, so far has been a 3-wave rally. This is likely a completed (a), lending way to (b), which should be followed by another wave (c) to complete the corrective … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Emerson’s Solar Power Technology

Posted: 17 May 2011 08:02 AM PDT

Emerson Electric Co (NYSE:EMR) has won an order to supply its power technology to one of the largest solar energy projects in the United States.
Emerson will provide  power inverters for a 30-megawatt solar power plant in Webberville, Texas. Emerson's power inverters convert DC power from solar arrays into AC power, which is placed directly on the national grid and is used by consumers. Located just outside Austin, the Webberville project is expected to be operational by 2011 end and will … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Neutral On Alcoa

Posted: 17 May 2011 08:02 AM PDT

We maintain our Neutral recommendation on Alcoa Inc. (NYSE:AA). Alcoa reported first-quarter 2011 earnings per share of $0.28, which was a penny ahead of the Zacks Consensus Estimate. However, revenues of $5.96 billion missed the Zacks Consensus Estimate of $6.112 billion. The company posted improved profits across all its business segments and set profit records in its midstream and downstream businesses. The company expects aluminum to remain in great demand for the rest of 2011 due to the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Word From The Floor: Stocks Open Lower, On Data And Earnings

Posted: 17 May 2011 07:54 AM PDT

05/17/11 US stocks declined on weaker-than-expected economic data releases, mixed earnings and ongoing Euro-zone sovereign debt … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Natural Gas Futures Tumble On Reduced Demand Outlook

Posted: 17 May 2011 07:54 AM PDT

Forex Pros – Natural gas futures were down for the first time in four days on Tuesday, dropping to a two-day low amid indications of reduced demand after forecasts showed mild weather across most of the U.S. next week.&nbsp;&nbsp; <br /><br />On the New York Mercantile Exchange, natural gas futures for June delivery traded at USD4.170 per million British thermal units during U.S. morning trade, plunging 3.35%. <br /><br />It earlier dropped by as much as 3.5% … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: USDCAD Tests 100 Day MA At 0.9773

Posted: 17 May 2011 07:52 AM PDT

The USDCAD has tested the 100 day MA at the 0.9773 level (high reached 0.9779). The pair has come off the level indicative of profit taking against the level and is now back below the high from yesterday at the 0.9769 as well.  Oil continues to be hit which weighs on the CAD$ (down $1.08 for the day currently). 
The USDCAD has not closed above the 100 day MA since September 7th 2010. Staying below the level is likely to attract sellers against the level.  A move and close above … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – Dollar Mixed Vs. Rivals As Euro Holds Modest Gains

Posted: 17 May 2011 07:38 AM PDT

Forex Pros – The U.S. dollar was mixed against its major counterparts on Tuesday, while the euro held on to modest gains after the chairman of euro zone finance ministers Jean-Claude Juncker said there was a need to move towards what he called a “soft restructuring” of Greek debt.<br /><br />During early U.S. trading hours, the greenback was lower against the euro, with EUR/USD rising 0.11% to hit 1.4171.<br /><br />Earlier in the day, the deputy German finance … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Sense On Cents Calls Out Jamie Dimon, Vikram Pandit, Brian Moynihan, Michael Carpenter, And John Stumpf

Posted: 17 May 2011 07:30 AM PDT

(This commentary is a little lengthy but not overly so. I strongly encourage you to read and ponder the details embedded here as I firmly believe America's core principles of decency and justice are on the line. Let's stand up for America!!)
What would be the outcry in America if a foreign government or corporation knowingly and willingly abused the personal finances of multiple tens of thousands of our fellow citi (NYSE:C)zens? Imagine if that entity were a large Chinese national bank or a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Germany 2020: 1 Million Electric Cars On The Road

Posted: 17 May 2011 02:30 AM PDT

05/17/11 Germany’s government announced that it wants to commit another 1 billion euros in tax breaks and incentives to help put 1 millio9n electric cars on the road by … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Gives Up Gains Made After Jump In CPI

Posted: 17 May 2011 07:26 AM PDT

Forex Pros – The pound trimmed gains against the U.S. dollar on Tuesday, retreating from a two-day high hit after official data showed that U.K. consumer price inflation jumped to a two-and-a-half year high last month. <br /><br />GBP/USD pulled back from 1.6303, the pair&rsquo;s highest since Friday to hit 1.6211 during early U.S. trade, up just 0.13% on the day.<br /><br />Cable was likely to find support at 1.6145, Friday&rsquo;s low and a five-week low and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Dollar Firms As Confidence Wanes

Posted: 17 May 2011 07:25 AM PDT

Specific and individual factors served to bolster one currency after another in Tuesday's market against the greenback. However, a reversal of the positive start for equity trading has created growing demand for the dollar, which in one fell swoop has knocked over the arguments keeping the kingpins standing. Sentiment was sullied in a dull report showing a slide in housing starts and not much better on the horizon given the take away of building permits. The prospect of economic softness on … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Gold Futures Drop To 7-day Low On Broadly Stronger U.S. Dollar

Posted: 17 May 2011 07:24 AM PDT

Forex Pros – Gold futures turned sharply lower on Tuesday, dropping to a seven-day low as a broadly stronger U.S. dollar reduced the appeal of the precious metal.<br /><br />On the Comex division of the New York Mercantile Exchange, gold futures for June delivery traded at USD1,482.75 a troy ounce during U.S. morning trade, slumping 0.5%.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br /><br />It earlier fell as much as 0.9% to USD1,475.85 a troy ounce, the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Crude Volatile As Portuguese Bailout Clashes With Economic Growth Concerns

Posted: 17 May 2011 02:00 AM PDT

05/17/11 Front month crude prices continued to fluctuate between gains and losses this morning as a b balout for Portugal clashed with concerns of slowing US economic … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

BP Commits To TNK-BP But Insists Talks With Rosneft Will Continue Despite Deal Lapse

Posted: 17 May 2011 02:26 AM PDT

Oil giant BP (LON:BP) confirmed this morning that its proposed share swap with Russia's Rosneft had collapsed after the parties involved failed to resolve a dispute with BP's existing partners in its TNK-BP venture. BP and Rosneft agreed an outline deal in January which foresaw a stock swap and the formation of a "strategic global alliance" that would begin with the exploration and development of three license blocks on the Russian Arctic continental shelf. However, the deal has been … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Derwent Sells Covent Garden Properties To Capital Amp; Counties And Launches Bond Offering

Posted: 17 May 2011 01:22 AM PDT

Derwent London (LON:DLN) has exchanged contracts on the sale of five freehold properties in Covent Garden, London to fellow FTSE 250 real estate group Capital amp; Counties (LON:CAPC) (Capco) for £68 million, before costs. The deal comes on the same day that Derwent launched an offering of £175 million of convertible bonds due 2016 with an option to increase the offering to up to £200 million. The company said the cash would be used to help fund its development pipeline and increase … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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