Monday, May 2, 2011

DailyMarkets.com - Markets In Everything: Tatoo Advertising On Head

DailyMarkets.com - Markets In Everything: Tatoo Advertising On Head


Markets In Everything: Tatoo Advertising On Head

Posted: 02 May 2011 05:06 PM PDT

Ebay listing (starting bid $300, but no bids so far): “Advertise for life on Billythebillboards head forever!  Be the 33rd website or company to advertise on my head. Estimated tattoo size is 5 inches long and half inch thick I pay for … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/USD Down In Asian Trade

Posted: 02 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 1.4793, down 0.25% at time of writing.<br/><br/> The pair was likely to find support at 1.4764, Monday&rsquo;s low, and resistance at 1.4902, Monday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.15% to hit 0.8891 and EUR/JPY falling 0.41% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Higher Education Bubble Updates

Posted: 02 May 2011 04:42 PM PDT

Updates on the higher education bubble (see chart above):

1. Wikipedia now has an entire entry dedicated to the “Higher Education Bubble.”

2. The Harvard Business Review blog has a new post on “The Business School Tuition Bubble.” 

3. The Pope Center for Higher Education Policy has a new article on “The Cost of the College … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


GD Funded To Build Submarine

Posted: 02 May 2011 04:40 PM PDT

General Dynamics Electric Boat, a wholly owned subsidiary of General Dynamics Corporation (NYSE:GD), was awarded a $1.2 billion contract from the U.S Navy for the construction of the 14th Virginia-class submarine, SSN-787.
The fund provided by the U.S. Navy will help General Dynamics to procure long lead-time components that will support the planned official construction of the submarine in late 2011 at Electric Boat and at its teammate, Huntington Ingalls Industries (HII) in Newport News, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


PartnerRe Hikes Dividend

Posted: 02 May 2011 04:40 PM PDT

On Friday, the board of global reinsurer, PartnerRe Ltd. (NYSE:PRE), announced a 9% hike in its regular quarterly dividend. As a result, a quarterly dividend of 60 cents, increased from 55 cents, is scheduled for payment on July 1, to shareholders of record on May 20, 2011. Accordingly, the annual dividend was raised to $2.40 per share from $2.20 per share paid previously.
The recent dividend increment also marked the 20th consecutive hike since the company was formed. Since its inception, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Earnings Preview: Whole Foods

Posted: 02 May 2011 04:40 PM PDT

Whole Foods Market Inc. (NASDAQ:WFMI), one of the leading natural and organic foods supermarkets, is scheduled to report its second-quarter 2011 financial results on May 4, 2011. The current Zacks Consensus Estimate for the quarter is 46 cents a share. For the quarter under review, revenue is $2,369 million, according to the Zacks Consensus Estimate.
First-Quarter 2011, a Synopsis
Whole Foods Market posted better-than-expected first-quarter 2011 results on the back of strong sales as shoppers … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Geron Posts Wider Loss

Posted: 02 May 2011 04:40 PM PDT

Geron Corporation (NASDAQ:GERN) posted a net loss of 20 cents per share in the first quarter of 2011, wider than the Zacks Consensus Estimate of a loss of 19 cents and the year-ago loss of 18 cents. First quarter revenues of $1.5 million were just above the Zacks Consensus Estimate of $1 million and higher than the year-ago revenues of $0.9 million. Higher expenses led to the wider first quarter loss.
Quarter in Detail
Revenues consisted of $150,000 in revenues from collaborative agreements and $1.4 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Blackstone May Purchase Valad

Posted: 02 May 2011 04:40 PM PDT

According to Bloomberg, New York-based The Blackstone Group (NYSE:BX) may buy-out Australian real estate firm Valad Property Group, valued at approximately $240 million (A$220 million).
Valad is heavily burdened with debt after the company struggled to pay off debt as the value of its assets plummeted through the financial crisis. In 2007, Valad purchased properties worth more than $2.2 billion (A$2 billion).
Though Valad sold off some of these properties to raise new equity for repayment of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/JPY Up During Asian Trade

Posted: 02 May 2011 04:15 PM PDT

Forex Pros – The U.S. Dollar was higher against the Japanese Yen on Monday.<br/><br/> USD/JPY was trading at 81.23, up 0.02% at time of writing.<br/><br/> The pair was likely to find support at 81.00, today&rsquo;s low, and resistance at 82.78, Wednesday&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 0.06% to hit 1.4821 and GBP/USD rising 0.02% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Real Estate The Perfect House My Wife Will Not Buy In Raleigh

Posted: 02 May 2011 04:00 PM PDT

"I found the perfect house in Raleigh.  Good neighborhood, floor plan we wanted and great schools.  My wife will not buy it" complained William.
"My company closed back in New Jersey.  After searching for six months, I found an even better job here in Raleigh.  Flossie stayed in New Jersey to sell the house there.  I came here to start my new job and scout for houses.  Flossie would come down on weekends to look at the houses I found.  I found one that … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Southwest Closes AirTran Merger

Posted: 02 May 2011 03:55 PM PDT

05/02/11 Southwest Airlines completed its acquisition of AirTran Holdings. The move will help expand the carrier’s regional and international … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Earnings Preview: Molson Coors

Posted: 02 May 2011 03:35 PM PDT

Molson Coors Brewing Co. (NYSE:TAP) is scheduled to announce its first quarter 2011 results on May 3, 2011. Currently, the Zacks Consensus Estimate is 44 cents per share and sales estimate is $698 million.
Fourth Quarter Overview
Molson Coors registered fourth-quarter earnings of 66 cents a share, which was below the Zacks Consensus Estimate of 68 cents.
Quarterly total revenues were $1.998 billion compared with $1.996 billion in the prior-year quarter. However, net revenues excluding excise taxes … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Standard Motor Buys Asset

Posted: 02 May 2011 03:35 PM PDT

Standard Motor Products Inc. (NYSE:SMP) announced its recent acquisition of the Engine Controls Business of BLD Products Ltd., a subsidiary of Qualitor Inc., for almost $27 million.
Based in Southfield, Michigan, Qualitor Inc. is a supplier of automotive and heavy duty replacement parts in the U.S. with seven manufacturing facilities located in four states. Apart from BLD Products, Qualitor's three other major subsidiaries are the Florida-based Pylon, Michigan-based Sloan and Ohio-based … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – NZD/USD Down In Asian Trade

Posted: 02 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 0.8062, down 0.02% at time of writing.<br/><br/> The pair was likely to find support at 0.7972, Thursday&rsquo;s low, and resistance at 0.8120, today&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 0.08% to hit 1.3583 and EUR/NZD falling 0.01% … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


The Day Ahead: Earnings – Clorox, Comcast, MasterCard, Pfizer; US Factory Orders, Auto Sales; Shareholder Meeting: Bristol-Myers, Wells Fargo

Posted: 02 May 2011 10:20 AM PDT

05/02/11 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: Integrating Options Into “Sell In May & Go Away”

Posted: 02 May 2011 03:18 PM PDT

Cusick’s Corner
What I do not like about the short-term action is that the market has been unable to hold the gains that we started off with and that we have had almost a week of indecision. Could this be the May syndrome of “Sell in May and Go Away”? If you sell in May and come back in September, you are turning on a market that is overall in a very bullish trend, thus there will be pockets that will do well regardless of the short- or mid-term action. Folks, that’s why I am pushing hedging (I … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


PetroChina Rides On High Oil Prices

Posted: 02 May 2011 03:15 PM PDT

Chinese energy giant PetroChina Co. Ltd. (NYSE:PTR) announced its first quarter 2011 earnings of RMB 37.0 billion or RMB 0.20 per diluted share, compared with RMB 32.5 billion or RMB 0.18 per diluted share in the year-earlier period. Earnings per ADR came in at $3.05 (exchange rate: US$1.00 = RMB 6.55, 1 ADR = 100 shares).
The positive comparisons can be primarily attributable to higher commodity prices and stronger volumes amid robust domestic energy demand. PetroChina's total revenue for the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Bank Failures Stretch To 39

Posted: 02 May 2011 03:15 PM PDT

A spate of bank failures swept across the sector last Friday, with U.S. regulators closing down five more banks. Out of these failed banks, two were based in Florida, two in Georgia and one in Michigan. This brings the number of U.S. bank failures to 39 so far in 2011, after 157 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 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


RLI Closes Acquisition

Posted: 02 May 2011 03:01 PM PDT

RLI Corp. (NYSE:RLI) completed the acquisition of Contractors Bonding and Insurance Company for a cash consideration of $136 million. The acquisition was announced in the fourth quarter of 2010.
Seattle-based Contractors Bonding Insurance Company specializes in surety bonds and related niche property and casualty insurance products, operating in 13 regional branch offices serving over 30,000 contractors and over 4,000 insurance agents and brokers nationwide.
The acquisition is expected to be … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


U.S. Firms Out Of Indian Jet Deal

Posted: 02 May 2011 03:01 PM PDT

India has decided against considering fighter jets manufactured by The Boeing Company (NYSE:BA) and Lockheed Martin Corporation (NYSE:LMT) for a $11 billion order and is narrowing down its choice to two European-made planes- France’s Dassault Rafale and the Eurofighter Typhoon.
Boeing's F/A-18 Super Hornet and Lockheed Martin's F-16 Super Viper – both of which are powered by General Electric (NYSE:GE) engines – lost out to two European airplanes that are still under consideration by the Indian … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Earnings Scorecard: St. Jude

Posted: 02 May 2011 02:35 PM PDT

Medical devices giant St. Jude Medical (NYSE:STJ) continued its positive earnings surprise streak in first-quarter fiscal 2011 as its adjusted earnings per share of 80 cents beat the Zacks Consensus Estimates of 78 cents and exceeded the year-ago earnings of 75 cents.
Highlights from the Quarter
Net earnings, as reported, dipped 2.2% year over year to $233 million (or 71 cents a share), hit by charges associated with the company's acquisition of cardiac devices maker AGA Medical.
Revenues … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Other Voices: Roach, Bartlett & Pettis

Posted: 02 May 2011 02:35 PM PDT

How Asia Copes with America's Zombie Consumers

Stephen Roach, of Morgan Stanley and Yale, discusses how the U.S. consumer faces a very long period of belt tightening, and how Asia, must increase its consumption to offset the lower U.S demand. If something is unsustainable, then eventually it must stop.

It looks like the massive global imbalance of the U.S. over-consuming and Asia under-consuming is finally going to happen. The consequences for the U.S. will not be pretty, sort of a repeat … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


American Axle’s Promising Quarter

Posted: 02 May 2011 02:35 PM PDT

American Axle and Manufacturing Inc. (NYSE:AXL) posted a profit of $37.7 million or 50 cents per share in the first quarter of 2011 that more than doubled from $16.3 million or 22 cents per share in the year-ago quarter.
With this, the company has beaten the Zacks Consensus Estimate by 12 cents per share. The increase in profit was attributable to improved capacity utilization and sustained reductions in fixed cost structure.
Revenues in the quarter grew 24% to $645.6 million, up from the Zacks … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


EIX EPS In Line, Reaffirms

Posted: 02 May 2011 02:35 PM PDT

Before the bell, Edison International (NYSE:EIX) reported its first quarter 2011 results. In the reported quarter, the company clocked core earnings of 62 cents per share in-line with the Zacks Consensus Estimate. However, this came in below the year-ago quarterly core earnings of 82 cents per share.
The downside in earnings year over year was due to lower results at Edison Mission Group (EMG) which more than offset higher earnings at Southern California Edison (SCE).
On a reported basis, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Tuesday’s Stocks To Watch And Trading Ideas

Posted: 02 May 2011 02:27 PM PDT

 ( click to enlarge ) 

Downward bias in Valeant Pharmaceuticals Int (NYSE:VRX). The stock broke support of $51.15 today on above average volume. Short term momentum indicators, like MACD, RSI and Stochastics are also in Bearish areas.  A decline to its 50-day moving average currently at $46.13 appears likely.

 ( click to enlarge ) 

After trading GTx, Inc. (NASDAQ:GTXI) not to long ago on its breakout i re-entered this today as it broke above $4.28 resistance on the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Closing Bell Market Monitor: CEPH, VLCM, ICO, AA

Posted: 02 May 2011 02:15 PM PDT

05/02/11 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


Medtronic, Lilly Treat Parkinson’s

Posted: 02 May 2011 02:05 PM PDT

Leading medical devices player Medtronic (NYSE:MDT) entered into a deal with Eli Lilly (NYSE:LLY) to develop a new approach to treat Parkinson's disease. The treatment involves the use of a proposed new medicine for the brain with the help of an implantable drug delivery system.
The deal will utilize Lilly's glial cell derived neurotrophic factor (GDNF), with Medtronic's implantable drug infusion system technology. However, financial details of the collaboration were not … [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: 02 May 2011 01:55 PM PDT

Forex Pros – The Euro was higher against the U.S. Dollar on Monday after the release of U.S. data on ISM Manufacturing Index.<br/><br/> EUR/USD was trading at 1.4829, up 0.16% at time of writing.<br/><br/> The pair was likely to find support at 1.4633, Wednesday&rsquo;s low, and resistance at 1.4902, today&rsquo;s high.<br/><br/> Earlier in the day, industry data showed that The U.S. ISM manufacturing PMI fell less-than-expected to 60.40 last month … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Zimmer Unveils UniWallis DSS

Posted: 02 May 2011 01:45 PM PDT

Recently, Zimmer Holdings (NYSE:ZMH) launched its next generation product of Wallis posterior dynamic stabilization system, UniWallis, in Europe and Asia Pacific. The Wallis system is a spinal implant that is meant to stabilize the lumbar spine while preserving the anatomy and minimizing the need for bony resection.
While UniWallis and Wallis are developed on the same principle, the former enables surgeons to perform surgery adopting a unilateral approach, preserving the supraspinous ligament. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Arch Coal Raises Dividend

Posted: 02 May 2011 01:45 PM PDT

Coal miner Arch Coal Inc. (NYSE:ACI) recently increased its quarterly dividend by a penny to 11 cents per share. This reflects a 10% increase from the previous dividend rate of 10 cents per share and brings the company's annualized dividend rate to 44 cents per share.
Arch Coal said the new dividend will be paid on June 15, 2011 to shareholders of record as of June 01, 2011.
Arch Coal's peer Walter Energy Inc. (NYSE:WLT) announced a quarterly dividend of 125 cents per share in the last week of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


UTC Fire & Security Buys Simtronics

Posted: 02 May 2011 01:45 PM PDT

UTC Fire & Security, a division of United Technologies Corp. (NYSE:UTX), has acquired a majority of the shares of Simtronics ASA. The target, based in Norway, is a provider of gas and flame detector systems, extinguishing solutions for the marine industry.
The acquisition will enable UTX to expand high quality gas and flame detection products, as well as provide gaseous suppression solutions to its customers.
United Technologies has strong market positions in aerospace/defense and global … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


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

Posted: 02 May 2011 01:40 PM PDT

Forex Pros – The U.S. Dollar was higher against the Japanese Yen on Monday after the release of U.S. data on ISM Manufacturing Index.<br/><br/> USD/JPY was trading at 81.23, up 0.04% at time of writing.<br/><br/> The pair was likely to find support at 81.00, today&rsquo;s low, and resistance at 82.78, Wednesday&rsquo;s high.<br/><br/> Earlier in the day, industry data showed that The U.S. ISM manufacturing PMI fell less-than-expected to 60.40 last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Terex Bids For Demag

Posted: 02 May 2011 01:31 PM PDT

Terex Corp. (NYSE:TEX) announced that its German subsidiary, Terex Industrial Holding AG, has decided to make a voluntary cash public tender offer for Demag Cranes AG valuing the company at 883.9 million euros ($1.3 billion).
The offer price translates to 41.75 euros per share, which is at a 41% premium to the last undisturbed share price of 29.65 euros, prior to the speculation regarding a possible takeover interest in Demag, on October 6, 2010 and a 15% premium to the closing price on April 29, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Entergy Unit Buys Generation Assets

Posted: 02 May 2011 01:30 PM PDT

Entergy Louisiana LLC, one of the Entergy Corporation (NYSE:ETR) companies, recently completed the acquisition of Acadia Energy Center Power Block 2 and 50% of the facility’s common assets from Acadia Power Partners LLC, an independent power producer. Entergy paid nearly $300 million for these power generation assets.
Entergy Louisiana acquired the modern and efficient 580-megawatt combined-cycle gas-turbine (CCGT) generation plant, located in the heart of Acadiana, as a part of its strategy to … [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: 02 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 1.4820, up 0.09% at time of writing.<br/><br/> The pair was likely to find support at 1.4633, Wednesday&rsquo;s low, and resistance at 1.4902, today&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.50% to hit 0.8904 and EUR/JPY rising 0.16% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Hot Option Plays: Where’s The Top?

Posted: 02 May 2011 01:19 PM PDT

Cusick’s Corner
Top terrorist taken out, market runs overnight and now we have leveled out a break even into the Midday. The news of Bin Laden’s death sent a wave of emotion into the overnight markets, but reality of a weak dollar, lagging Tech (XLK) and Financial (XLF) sectors, dragged on this upbeat news. This is the type of spot where traders, after an emotional announcement, see short-term tops put in place. Also with the world now on heightened terrorist alert, looking at protection is … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


AUD/USD Can Form A Double Top If It Breaks Below 1.0920

Posted: 02 May 2011 01:17 PM PDT

Retracement Setups in the AUD/USD, USD/CAD and Gold (5/2 Video)
AUD/USD

Short-Term to Medium Term- The AUD/USD has a medium target bullish target of 1.15, using a long-term swing from 2008-2009, projected from the 2010 low .
- But as we completed a 5-wave rally in the AUD/USD, a more significant correction than the declining swing we had could be anticipated.
- The previous record high at 1.1010 indeed provided resistance, albeit being cracked temporarily.
- The Elliott Wave count is a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


The Decline Or Demise U.S. Farming?

Posted: 02 May 2011 01:16 PM PDT

In this post on manufacturing’s declining share of GDP for both the U.S. and global economies, Scott Grannis writes:

“In this same vein, I would add that agriculture was once about half of total US GDP, whereas now it is only a small fraction, yet we feed ourselves and are a net exporter of food. Here again we see how tremendous productivity gains have enabled us to devote fewer and fewer resources to the production of essential goods. This is as it should be.”

MP: The chart above shows … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


U.S. Markets Close Lower; Dow Jones Down 0.02%

Posted: 02 May 2011 01:10 PM PDT

Forex Pros – U.S. stocks were down after the closing bell on Monday.<br/><br/> At the close of U.S. trade, the Dow Jones Industrial Average fell 0.02%, the S&P 500 index shed 0.18%, while the Nasdaq 100 index declined 0.15%.<br/><br/> Earlier in the day, industry data showed that The U.S. ISM manufacturing PMI fell less-than-expected to 60.40 last month from 61.20 in the preceding month.<br/><br/>Analysts had expected the ISM manufacturing PMI to fall … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Earnings Scorecard: Citigroup

Posted: 02 May 2011 01:09 PM PDT

Citigroup Inc. (NYSE:C) reported first quarter 2011 earnings of 10 cents per share on April 18 that was a penny ahead of the Zacks Consensus Estimate.The slightly better-than-expected result was driven by a fall in provisions for credit losses as well as benefits and claims.
Following the earnings release, the market had sufficient time to absorb the news. Below, we will cover the results of the recent earnings announcement, subsequent analyst estimate revisions and Citi stock's Zacks ratings … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Stock Market Summary For Monday, May 2, 2011

Posted: 02 May 2011 01:08 PM PDT

On the news that Bin Laden was killed stocks opened today’s session mildly higher. As the day wore on stocks reversed course and finished marginally lower. However, the major indexes closed in the bottom half of their intra-day trading range. Market breadth was negative and the trading levels did not indicate investors were trading actively. We are lowering the resistance levels for the DJIA and S&P 500 based on the current stock market direction (see below). We are keeping the resistance … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Superb Profit Keeps Goodyear Ahead

Posted: 02 May 2011 12:55 PM PDT

Goodyear Tire & Rubber Company (NYSE:GT) posted a threefold increase in profit to $127 million or 51 cents per share in the first quarter of 2011 from $41 million or 18 cents per share in the same quarter of 2010 (all excluding special items). The profit far exceeded the Zacks Consensus Estimate 13 cents per share.
The impressive rise in profit was primarily attributable to commendable performance by all its businesses, especially the North American Tire, offsetting higher raw material costs … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


DuPont Raises Danisco Bid

Posted: 02 May 2011 12:55 PM PDT

The EI DuPont de Nemours & Co. (NYSE:DD) and the Danisco A/S bid took yet another turn, with DuPont increasing its offer price by 5.3%. After failing to win enough investor support for its initial takeover bid, DuPont has agreed to acquire Danisco for a total of 33.4 billion kroner ($6.63 billion).
Danisco shareholders would receive 700 kroner a share, up from its prior proposal of 665 kroner. DuPont lowered the minimum number of shares in the tender offer to 80% from 90%.
We believe the deal … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Revenues Rise At Shire

Posted: 02 May 2011 12:55 PM PDT

Shire plc's (NASDAQ:SHPGY) first quarter 2011 earnings (excluding special items) of $1.23 per ADS surpassed the year-ago earnings by $0.22. Earnings were boosted by higher revenues. A lower adjusted effective tax rate also impacted earnings positively in the reported quarter. The Zacks Consensus Estimate was $1.20.
Quarter in Detail
Quarterly revenues increased 19% to $972 million, well above the Zacks Consensus Estimate of $945 million. Increased product sales helped boost revenues. The rise in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


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

Posted: 02 May 2011 12:45 PM PDT

Forex Pros – The British Pound was lower against the U.S. Dollar on Monday after the release of U.S. data on ISM Manufacturing Index.<br/><br/> GBP/USD was trading at 1.6653, down 0.35% at time of writing.<br/><br/> The pair was likely to find support at 1.6436, Wednesday&rsquo;s low, and resistance at 1.6747, Thursday&rsquo;s high.<br/><br/> Earlier in the day, industry data showed that The U.S. ISM manufacturing PMI fell less-than-expected to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex Trading: EURUSD At Next Bearish Test

Posted: 02 May 2011 12:39 PM PDT

The 100 bar MA was broken, The 38.2% of the days range was broken. The 200 bar MA and the 50% retracement is the next test for the downside.  A move below gives more ammunition for the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Profit And Revenues Down At Sanofi

Posted: 02 May 2011 12:31 PM PDT

Sanofi-Aventis (NYSE:SNY) reported first quarter earnings of $1.13 per American Depository Share (ADS), well below the year-ago earnings of $1.29. The Zacks Consensus Estimate was $1.16.
First quarter net sales declined 1.5%, with performance being impacted by the genericization of several products, especially Lovenox and Taxotere, US healthcare reform, lower A/H1N1 sales and EU pricing austerity. Sales of about €569 million were impacted by generic competition during the first quarter.
The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/CAD Up In U.S. Trade

Posted: 02 May 2011 12:10 PM PDT

Forex Pros – The U.S. Dollar was higher against the Canadian Dollar on Monday.<br/><br/> USD/CAD was trading at 0.9494, up 0.46% at time of writing.<br/><br/> The pair was likely to find support at 0.9447, Monday&rsquo;s low, and resistance at 0.9576, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was down against the Euro and up against the British Pound, with EUR/USD gaining 0.28% to hit 1.4848 and GBP/USD falling 0.17% to hit … [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: 02 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 1.4852, up 0.31% at time of writing.<br/><br/> The pair was likely to find support at 1.4633, Wednesday&rsquo;s low, and resistance at 1.4902, today&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.46% to hit 0.8901 and EUR/JPY rising 0.35% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Bin Laden Effect: Obama Re-Election Odds Rise

Posted: 02 May 2011 11:40 AM PDT

The chart above is featured today on the Enterprise Blog, showing that Intrade odds for Obama to get re-elected just jumped from 60% to 70%.  There’s lots of good discussion about Bin Laden on AEI’s blog today, here’s a good summary.  

Update: “My quick take is that that Obama will be re-elected (getting Osama is way more important than Iraq or Saddam in the American mind, attacks on American soil, etc.), at this point the Republicans won't try to beat him from the center and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex Trading: GBPUSD Non-trending In A 10 Pip Range

Posted: 02 May 2011 11:38 AM PDT

The GBPUSD has been non trending in a 10 pip range since  around 12:30 PM ET.  The non trending environment is typically a prelude to a break either to the upside or the downside.  On a break, look for momentum and clues from things like a larger bar low to high bar, the ability to stay below or above the 100 or 200 bar MA (blue or green line) or a move below trendlines. 
Overall,the GBPUSD is down on the day. BOEs Mervyn King warned that higher rates could be … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/JPY Up During The U.S. Session

Posted: 02 May 2011 11:30 AM PDT

Forex Pros – The Euro was higher against the Japanese Yen on Monday.<br/><br/> EUR/JPY was trading at 120.69, up 0.39% at time of writing.<br/><br/> The pair was likely to find support at 119.50, Wednesday&rsquo;s low, and resistance at 121.84, Thursday&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the U.S. Dollar and the British Pound, with EUR/USD gaining 0.36% to hit 1.4860 and EUR/GBP rising 0.52% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex Trading: USDCHF Trying To Recover.

Posted: 02 May 2011 11:19 AM PDT

The 5 minute chart above shows a floor trying to form in the USDCHF. The price has support at  0.8625-29 area where Friday's low and earlier lows from the Far East session more or less matched the level.  In the last few hours the price pushed the downside, but was not able to take out the days lows. A move above the 100 bar MA on the 5 minute chart (blue line in the chart above) will still be needed to confirm any upside bias.  The price tested that MA earlier in the NY … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Silver Falls Sharply On CME Group Actions

Posted: 02 May 2011 10:00 AM PDT

05/02/11 Silver prices dropped sharply this afternoon after the CME Group increased the amount of cash needed to hold speculative positions in the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


No comments:

Post a Comment