Friday, May 6, 2011

DailyMarkets.com - Mixed Results For CELG’s Revlimid

DailyMarkets.com - Mixed Results For CELG’s Revlimid

Mixed Results For CELG’s Revlimid

Posted: 06 May 2011 04:02 PM PDT

Celgene Corporation (NASDAQ:CELG) recently presented data on its lead cancer drug Revlimid at the international myeloma workshop in France. Data were presented from an intergroup late-stage study (CALGB 100104) which evaluated Revlimid as a maintenance therapy following a stem cell transplant in patients suffering from multiple myeloma (MM).
Results from the double-blind, multi-center study suggested that Revlimid treatment caused a significant improvement in overall survival compared to placebo. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Talisman Falls Short Of Forecast

Posted: 06 May 2011 03:57 PM PDT

Canadian energy explorer Talisman Energy Inc. (NYSE:TLM) came out with weaker-than-expected first quarter 2011 results, hampered by the imposition of higher taxes on North Sea oil production by the U.K. This was partially offset by surging crude prices.
Alberta-based Talisman – which has changed its reporting currency to U.S. dollars – announced earnings per share from continuing operations (excluding non-operating items) of 15 cents, in line with the year-before quarter but significantly … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Precision Castparts Gets PB Fasteners

Posted: 06 May 2011 03:57 PM PDT

Precision Castparts Corp. (NYSE:PCP) has agreed to purchase the assets of PB Fasteners. PB is a leader in the design and manufacturing of airframe fastener products, including the SLEEVbolt fastening system. The company’s sleeve bolt technology is critical to mitigating the impact of lightning strikes on the Boeing 787 aircraft. Commercial terms and conditions were not disclosed.
Precision Castparts is one of the few manufacturers that can consistently produce the largest and most complex … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Xerox Stays At Neutral

Posted: 06 May 2011 03:32 PM PDT

We reiterate our Neutral recommendation on Xerox Corporation (NYSE:XRX), which is a leader in the development, manufacture, marketing, servicing and financing of document equipment across the world. Headquartered in Norwalk, Connecticut, Xerox has its presence in more than 160 countries.
The company reported a profit of $281 million or $0.19 per share in the first quarter of 2011, including $53 million or $0.04 per share of charges on amortization of intangible assets. The profit reflects … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Hercules Tech Beats Marginally

Posted: 06 May 2011 03:32 PM PDT

Hercules Technology Growth Capital Inc.'s (NASDAQ:HTGC) first quarter 2011 distributable net operating income (DNOI) came in at 25 cents per share, 3 cents ahead of the Zacks Consensus Estimate. Also, this compares favorably with DNOI of 17 cents in the prior-year quarter.
Better-than-expected results in the quarter were attributable to a rise in total investment income and higher net realized gain on investments, partially offset by higher operating expenses. Additionally, Hercules ended the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Con Ed Misses But Reaffirms

Posted: 06 May 2011 03:32 PM PDT

Consolidated Edison Inc. (NYSE:ED) announced its first quarter results of fiscal 2011 with earnings per share (EPS) of 99 cents falling short of the Zacks Consensus EPS Estimate of $1.00. Earnings however comfortably beat the year-ago quarterly number of 93 cents.
On a reported basis, the company reported earnings of $1.07 per share compared with 80 cents per share in the year-ago quarter.
The GAAP EPS variations reflect the year-over-year difference of 27 cents per share. Of this, Con Edison of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Silver? To Buy Or Not To Buy, That Is The Question

Posted: 06 May 2011 03:17 PM PDT

by Raghu Gallupalli
SLV, FSLR, JKS, TSL
In the past four trading sessions Silver has come off more 20%, leading some to believe that Silver's bullish run is over. After all some of the world's most savvy investors like George Soros and Carlos Slim have been selling their stakes in Silver.
Why the sudden reversal? Part of the reason is the new margin requirements instituted last week and the other part is Silver's correlation to crude prices and the larger market.
I tend to think of this … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Zynex (ZYXI) Q1 2011 Financial Results

Posted: 06 May 2011 03:02 PM PDT

Brian Marckx, CFA
We initiated coverage of Zynex in February of this year.  The shares are up just over 50% since we started covering the company but we think there remains some upside in the stock.  We continue to value Zynex at $1.40 per share.  See below for access to a free copy of our updated report on the company.    
Q1 2011 Financial Results
Revenue
Zynex (ZYXI) reported financial results for the three month period ending March 31, 2011 on May 5, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Warnaco Misses, Up By A Penny

Posted: 06 May 2011 03:02 PM PDT

Warnaco Group Inc.'s (NYSE:WRC) first-quarter 2011 earnings inched up by a penny from the year-ago period to $1.10 per share. It missed the Zacks Consensus Estimate of $1.27 per share by 13.4%.
Quarter in Detail
Net revenues increased 13% year over year to $662.2 million and was well above the Zacks Consensus Estimate of $658 million. The increase was primarily attributable to the execution of key strategies.
Revenues at the International business of Warnaco went up by 19%, fuelled by continued … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

CSX Promises Shareholder Returns

Posted: 06 May 2011 03:02 PM PDT

Leading railroad company, CSX Corporation (NYSE:CSX) announced a 3:1 stock split commencing June 15, for shareholders of record on May 31.
Additionally, the company has announced a dividend hike of 38% to 36 cents (or 12 cents post split) per share, which is also payable on the same date to shareholders of record on May 31.
In concurrence with the above, the company announced a share repurchase program of $2 billion that will soon come into effect (no specific date … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

CF Industries Beats On EPS

Posted: 06 May 2011 03:02 PM PDT

CF Industries Holdings Inc. (NYSE:CF) reports first quarter delivering an EPS of $3.91 versus a loss of 9 cents in the year-earlier quarter.
The quarter noted some special items including a gain of $32.5 million or 28 cents per share, pertaining to the gain from sales of four dry product warehouses; $19.9 million or 17 cents per share related to the retirement of a bank term loan; $2.1 million or 2 cents per share related to restructuring and integration costs and $0.7 million or 1 cent per share, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Closing Bell Market Monitor

Posted: 06 May 2011 03:00 PM PDT

05/06/11 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

Paychex Takes Over EPlan Services

Posted: 06 May 2011 02:32 PM PDT

New York-based outsourcing service provider Paychex Inc. (NASDAQ:PAYX) recently completed the acquisition of recordkeeping and administrative solutions provider, ePlan Services. Financial details of the transaction were not divulged. Post acquisition, ePlan Services will operate as a wholly owned subsidiary of Paychex and all the employees will be retained.
Denver-based ePlan Services serves the financial advisory market with its software tools that automate the administration of 401(k) plans (a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Preview: Winding Down, Not Over

Posted: 06 May 2011 02:22 PM PDT

Earnings Preview 5/06/11

Earnings season is starting to wind down, but it is not over yet. A total of 432 firms are due to report, but only 16 from the S&P 500. The firms reporting this week include: Cisco (NASDAQ:CSCO), Disney (NYSE:DIS), Kohl's (NYSE:KSS), Macy's (NYSE:M), Nordstrom's (NYSE:JWN), Symantec (NASDAQ:SYMC) and Sysco (NYSE:SYY).

It will also be an average for economic data. The focus will be on inflation and the deficits. We get both the Trade and Budget deficits on Wednesday. On Thursday we … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Greatbatch Stays Neutral

Posted: 06 May 2011 02:22 PM PDT

We maintain our Neutral recommendation for Greatbatch Inc. (NYSE:GB). Revenues and earnings for first-quarter fiscal 2011 topped the Zacks Consensus Estimates, buoyed by solid double-digit growth across the company's Vascular Access, Orthopedic and Electrochem franchises.
The company's Vascular business (sales climbed 28% in the quarter) is benefiting from higher introducer sales and favorable ordering trends while a rebounding orthopedic market is contributing to growth in its Orthopedic (up … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

MWI Veterinary Beats, Ups Guidance

Posted: 06 May 2011 02:22 PM PDT

MWI Veterinary Supply (NASDAQ:MWIV) reported an EPS of 83 cents in the second quarter of fiscal 2011, up 33.9% from 62 cents in the year-ago period and surpassing the Zacks Consensus Estimate of 75 cents. However, the acquisition of UK based Centaur Services in February 2010 impacted the result compared to approximately 8 weeks of the prior-year quarter.
MWI Veterinary Supply's revenues of $367.1 million for the quarter surpassed the Zacks Consensus Estimate of $351 million and 28.1% higher than … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Hot Option Plays: Greece Is The Word

Posted: 06 May 2011 02:19 PM PDT

Cusick’s Corner
What a week — Nonfarm Payrolls were the catalyst to the upside and then Greece tempered the positive nature of the data but the markets were able to retake half the damage of last session’s move. The choppy action into the close and the Dollar firming up into the After Hours has raised some potential red flags for the trade early next week. Take the weekend to review holdings that may be good candidates for further upside. If owning the actual underlying outright might be hard … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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

Posted: 06 May 2011 02:10 PM PDT

Forex Pros – The Euro was lower against the U.S. Dollar on Friday after the release of U.S. data on Nonfarm Payrolls.<br/><br/> EUR/USD was trading at 1.4317, down 1.49% at time of writing.<br/><br/> The pair was likely to find support at 1.4311, today&rsquo;s low, and resistance at 1.4940, Wednesday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that U.S. non-farm payrolls rose more-than-expected to a seasonally adjusted 244K last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Clear Once Again

Posted: 06 May 2011 02:08 PM PDT

Most people recognize that the stock market has been divorced from reality for quite some time. That said, the relentless propagandizing from the shills on Wall Street sometimes leaves even me thinking that I really must be missing something. But invariably, along comes a bit of fact-based reporting, as with this annotated article from the New York Times’ Floyd Norris, “A Recovery Less Robust Than in the '70s,” and all is clear once again.
To judge by the stock market, the recovery from the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Down At The End Of U.S. Session

Posted: 06 May 2011 02:05 PM PDT

Forex Pros – The British Pound was lower against the U.S. Dollar on Friday after the release of U.S. data on Nonfarm Payrolls.<br/><br/> GBP/USD was trading at 1.6366, down 0.12% at time of writing.<br/><br/> The pair was likely to find support at 1.6355, today&rsquo;s low, and resistance at 1.6739, Monday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that U.S. non-farm payrolls rose more-than-expected to a seasonally adjusted … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Monetary Policy Week In Review – 1 May 2011

Posted: 06 May 2011 02:04 PM PDT

The week ending the 7th of May saw continued emerging market monetary policy tightening, with developed market central banks holding off from further tightening.  Of the central banks that made decisions on monetary policy settings this week, those that increased were: India +50bps to 7.25%, Philippines +25bps to 4.50%, and Malaysia +25bps to 3.00%.  Meanwhile those that held rates were: Australia 4.75%, Romania 6.25%, United Kingdom 0.50%, European Union 1.25%, and the Czech Republic … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Magellan Posts Strong 1Q

Posted: 06 May 2011 02:02 PM PDT

Magellan Midstream Partners L.P. (NYSE:MMP), a master limited partnership ("MLP"), reported earnings per unit (EPU) of $1.01 (excluding mark-to-market commodity-related pricing adjustments), surpassing both the Zacks Consensus Estimate of 87 cents and the year-ago profit of 67 cents (adjusted).
Quarterly revenues came in at $442.9 million, breezing past the Zacks Consensus Estimate of $381 million and showing a remarkable improvement from $329.7 million generated in the prior-year … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Pride’s 1Q Disappoints

Posted: 06 May 2011 02:02 PM PDT

Pride International Inc. (NYSE:PDE) reported depressed first-quarter 2011 results, hurt by higher operating expenses and lower utilization.
The company's quarterly earnings, excluding one-time items, of 21 cents per share, failed to meet the Zacks Consensus Estimate of 43 cents and was much lower than the year-earlier profit of 45 cents per share.
The company reported total revenue of $393.5 million, up 8.5% year over year, but slightly below the Zacks Consensus Estimate of $421 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Plains E&P Posts Strong Q1

Posted: 06 May 2011 02:02 PM PDT

Plains Exploration & Production Co. (NYSE:PXP) posted first-quarter 2011 operating earnings of 37 cents per share, beating the Zacks Consensus Estimate of 33 cents and the year-ago profit of 31 cents. The company's outperformance in the quarter was driven by higher crude oil production levels and better price realizations.
Operating Results
Net revenues of $430.3 million grew 5.2% from the Zacks Consensus Estimate of $409 million. Also, revenues grew 12% from $384.1 million a year-ago, on … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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

Posted: 06 May 2011 02:00 PM PDT

Forex Pros – The U.S. Dollar was higher against the Japanese Yen on Friday after the release of U.S. data on Nonfarm Payrolls.<br/><br/> USD/JPY was trading at 80.63, up 0.70% at time of writing.<br/><br/> The pair was likely to find support at 79.57, Thursday&rsquo;s low, and resistance at 81.69, Monday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that U.S. non-farm payrolls rose more-than-expected to a seasonally adjusted 244K … [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: 06 May 2011 01:40 PM PDT

Forex Pros – The U.S. Dollar was higher against the Japanese Yen on Friday after the release of U.S. data on Nonfarm Payrolls.<br/><br/> USD/JPY was trading at 80.49, up 0.53% at time of writing.<br/><br/> The pair was likely to find support at 79.57, Thursday&rsquo;s low, and resistance at 81.69, Monday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that U.S. non-farm payrolls rose more-than-expected to a seasonally adjusted 244K … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

GGB’s 1Q Plummets On Expenses

Posted: 06 May 2011 01:32 PM PDT

Brazilian steel producer, Gerdau S.A.'s (NYSE:GGB) first quarter 2011 net income plummeted 29% year over year to R$409 million (US$246.4 million) and registered a sequential decline of 3%. Earnings per share (EPS) were R$0.26 (16 cents per ADR) down compared with R$0.35 (19 cents per ADR) in the year-ago period. Results were, however, above the Zacks Consensus Estimate of 8 cents per ADR.
The bottom-line results were negatively affected by higher cost of sales and operating expenses, which more … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Vale’s 1Q Beats Estimate

Posted: 06 May 2011 01:32 PM PDT

Vale S.A. (VALE) on May 5, released its financial results for the first quarter of 2011. The company's net earnings in the quarter were $1.29 per ADR, up compared with 30 cents per ADR in the year-ago quarter and the Zacks Consensus Estimate of $1.16 per ADR.
Revenue
Operating revenue jumped 97.8% year over year to US$13,548 million but registered a sequential decline of 10.9%. The sequential decline was due to lower sales volume, which was offset partially by higher product prices.
Of the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Volcano Beats, Lowers Guidance

Posted: 06 May 2011 01:32 PM PDT

Volcano Corporation (NASDAQ:VOLC) reported an EPS of 2 cents in the first quarter of fiscal 2011 compared to the year-ago quarter's net loss of 8 cents per share. The earnings were better than the Zacks Consensus Estimate of a loss of 2 cents per share.
Revenues increased 22% annually to reach $81 million during the quarter with strong growth in Intravascular Ultrasound (IVUS) and Functional Measurement (FM) single-procedure disposables. Revenues were higher than the Zacks Consensus Estimate … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Jobs Report In Depth, Part 2

Posted: 06 May 2011 01:32 PM PDT

In this month's employment report, the two different surveys seem to be telling two diametrically opposed stories. The establishment survey paints a picture of fairly robust –  and certainly better than expected — job growth. The Household survey is much more downbeat and shows increasing levels of unemployment for almost every major demographic group.

A divergence between the two surveys is hardly unprecedented, and for the first three months of the year, the household survey was … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Stock Market Summary For Friday, May 6, 2011 Special Alert On Short Candidates

Posted: 06 May 2011 01:29 PM PDT

From the list of stocks we posted on Monday as potential candidates to sell short and based on last night’s post we suggested covering the shorts in Aruba Networks, Inc. (symbol: ARUN), Fortinet Inc. (symbol: FTNT), and Universal Display Corp. (symbol: PANL) at today’s market open price. Based on this ARUN, FTNT, and PANL were removed at $32.43, $46.60, and $53.30 and returned 10.9%, 4.3%, and 4.2% from Monday’s market open prices.  
 
Company Name Symbol Sector Position … [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: 06 May 2011 01:25 PM PDT

Forex Pros – The Euro was lower against the U.S. Dollar on Friday.<br/><br/> EUR/USD was trading at 1.4342, down 1.31% at time of writing.<br/><br/> The pair was likely to find support at 1.4316, today&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 1.21% to hit 0.8761 and EUR/JPY falling 0.68% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. Markets Close Higher; Dow Jones Up 0.43%

Posted: 06 May 2011 01:10 PM PDT

Forex Pros – U.S. stocks were up after the closing bell on Friday.<br/><br/> At the close of U.S. trade, the Dow Jones Industrial Average rose 0.43%, the S&P 500 index gained 0.38%, while the Nasdaq 100 index climbed 0.34%.<br/><br/> Earlier in the day, official data showed that U.S. non-farm payrolls rose more-than-expected to a seasonally adjusted 244K last month, from 221K in the preceding month whose figure was revised up from 216K.<br/><br/> … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Ross Comparables Rose

Posted: 06 May 2011 01:02 PM PDT

Ross Stores Inc. (NASDAQ:ROST), the second largest off-price retailer of apparels and home accessories, reported a neat growth of 10% in comparable store sales for the four weeks ended April 30, 2011 following a decline of 1.0% for the five weeks ended April 2, 2011.
The recent results compare favorably with a gain of 3% in same-store sales in the prior-year month. April same-store sales came in better than the company's forecast of a 4% to 5% growth for the month.
For the month under review, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Northeast Utilities Outpaces Ests

Posted: 06 May 2011 12:57 PM PDT

Northeast Utilities' (NYSE:NU) first quarter 2011 earnings of 69 cents per share rose 6 cents above the Zacks Consensus Estimate of 63 cents.
The rise in quarterly results was driven by a much colder weather in the first quarter of 2011, continued cost containment efforts, progress in building the infrastructure needed to serve New England's energy customers, and the effect of electric distribution rate decisions received over the past 12 months.
Net revenues of $1.24 billion in the quarter … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

AIG Suffers From CAT Loss

Posted: 06 May 2011 12:57 PM PDT

American International Group Inc. (NYSE:AIG) reported first quarter operating income of $2.03 billion or $1.30 per share, well ahead of the Zacks Consensus Estimate of a loss of 15 cents per share and earnings of $637 million or 95 cents per share in the year-ago quarter.
On a GAAP basis, AIG reported a net income of $269 million or loss of 35 cents per share as compared with $1.8 billion or $2.66 per share in the year-ago quarter. The reported quarter included $1.7 billion of pre-tax catastrophe … [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: 06 May 2011 12:45 PM PDT

Forex Pros – The British Pound was higher against the U.S. Dollar on Friday.<br/><br/> GBP/USD was trading at 1.6389, up 0.02% at time of writing.<br/><br/> The pair was likely to find support at 1.6355, today&rsquo;s low, and resistance at 1.6739, Monday&rsquo;s high.<br/><br/> Meanwhile, the British Pound was up against the Euro and the Japanese Yen, with EUR/GBP shedding 1.25% to hit 0.8757 and GBP/JPY rising 0.68% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

ETP Misses, Profit Slumps

Posted: 06 May 2011 12:32 PM PDT

Pipeline operator Energy Transfer Partners L.P. (ETP) announced weak first quarter results, as volumes suffered due to a lower base of differentials between the West and East Texas market hubs.
The owner of the biggest intrastate pipeline system in Texas reported earnings per unit of 71 cents, below the Zacks Consensus Estimate of $1.03 and the year-ago profit of 74 cents. Revenues of $1,687.6 million were down 9.9% year-over-year and missed our projection by 19.1%.
Quarterly Cash … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

PMI Group Narrows Loss

Posted: 06 May 2011 12:32 PM PDT

PMI Group Inc. (NYSE:PMI) reported first-quarter net loss of 79 per share, narrower than the loss of $1.90 per share in first-quarter 2010. Net loss was $126.8 million compared with a loss of $157 million in the prior-year quarter.
The quarter continues to suffer due to mortgage losses.
Results include a pre tax gain of $21.7 million or $0.13 per share representing a decrease in fair market value related to the fair value measurement of certain corporate debt obligations compared with a loss of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Smith & Nephew High On Revs.

Posted: 06 May 2011 12:32 PM PDT

Smith & Nephew (NYSE:SNN) reported an adjusted EPS of 18.4 cents (EPADS of 92 cents) during the first quarter of fiscal 2011 missing the year-ago quarter's 18.8 cents (EPADS of 94 cents) and the Zacks Consensus Estimate (ADS) of 93 cents. The company reported revenues of $1,055 million in the quarter, up 6% from the year-ago period and higher than the Zacks Consensus Estimate of $1,032 million.
Among the different regions, revenues from the US, Europe and Rest of the world recorded an … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Constellation Energy Short But Reaffirms

Posted: 06 May 2011 12:32 PM PDT

Before the bell, Constellation Energy Group Inc. (NYSE:CEG) reported its first quarter 2011 results. In the reported quarter, the company with adjusted earnings per share of 63 cents came in below the Zacks Consensus Estimate of 96 cents and year-ago earnings of $1.43.
On a reported basis, including one-time items, earnings per share came in at 35 cents per share versus 95 cents in the year-ago quarter.
In the reported quarter, the variance of 28 cents between reported and adjusted earnings per … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CAD Up In U.S. Trade

Posted: 06 May 2011 12:10 PM PDT

Forex Pros – The U.S. Dollar was higher against the Canadian Dollar on Friday after the release of Canadian data on Unemployment Rate.<br/><br/> USD/CAD was trading at 0.9686, up 0.16% at time of writing.<br/><br/> The pair was likely to find support at 0.9448, Monday&rsquo;s low, and resistance at 0.9713, Thursday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that The rate of unemployment in Canada fell unexpectedly to a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Pepco Reports Spotty Q1

Posted: 06 May 2011 12:02 PM PDT

Pepco Holdings Inc. (NYSE:POM) reported first quarter 2010 earnings from continuing operations of 27 cents per share, beating the year-ago figure of 13 cents and the Zacks Consensus Estimate of 20 cents.
The year-over-year growth stemmed from investments made in its utility infrastructure, which yielded robust transmission and distribution revenues. Lower interest expenses were also a boon.
GAAP earnings during the quarter were 28 cents versus 16 cents in the year-ago period. The difference in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Jobs Report In Depth, Part 1

Posted: 06 May 2011 12:02 PM PDT

The economy added a total of 244,000 jobs in April. That is much better than consensus expectations for a gain of 185,000. The increase is also better than the numbers put out on Wednesday by ADP that showed a gain of 179,000 private sector jobs. Government payrolls declined by 24,000 and the private sector added a total of 268,000.

The consensus was looking for a decline of 15,000 government jobs and thus also for a gain of 200,000 private sector jobs. The unemployment rate, which is derived … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Fluor Outperforms Estimate

Posted: 06 May 2011 12:02 PM PDT

Fluor Corporation (NYSE:FLR) reported first-quarter 2011 earnings per share of 78 cents, outperforming the Zacks Consensus Estimate of 76 cents. Prior-year earnings per share were also 76 cents.
Total Revenue
Total revenue was $5.1 billion compared with $4.9 billion in the first quarter of 2010, led by growth in the Industrial & Infrastructure segment but partially offset by lower revenue from Oil & Gas and Power segment.
Segment Revenue
Revenue from Oil & Gas segment was $1.7 million … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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

Posted: 06 May 2011 11:45 AM PDT

Forex Pros – The Euro was lower against the U.S. Dollar on Friday after the release of U.S. data on Nonfarm Payrolls.<br/><br/> EUR/USD was trading at 1.4329, down 1.40% at time of writing.<br/><br/> The pair was likely to find support at 1.4318, today&rsquo;s low, and resistance at 1.4940, Wednesday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that U.S. non-farm payrolls rose more-than-expected to a seasonally adjusted 244K last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

California Democratic Party Convention, Dinner…

Posted: 06 May 2011 11:24 AM PDT

California Democratic Party Convention, Dinner Address
Sacramento, CA, April 30, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Richard Wyckoff Composite Man Wins Again With The Silver Etf

Posted: 06 May 2011 04:24 AM PDT

Did silver make you rich in 2011? I have read many comments on the web of folks who sold early or late, thus claiming the market timing of silver an impossibility, and some are throwing in the towel on technical analysis and solely really on fundamentals. If so that is exactly how the Richard Wyckoff composite man wants your state of mind to be in, confused, destroyed and lost. Richard Wyckoff composite man wins, the public loses. Get smart learn wyckoffian logic.

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

Evan Smith Weighs In On Commodities’ Pullback

Posted: 05 May 2011 10:00 PM PDT

Commodities investors learned volatility can cut both ways this week as prices for gold fell below $1,500 an ounce, oil dropped below $100 and silver prices plummeted. Many commodities had fallen four consecutive days, prompting Bloomberg's Margaret Brennan to ask our own Evan Smith whether the run-up in prices is over on her "In Business" program.
Evan, who co-manages the Global Resources Fund (PSPFX), answered "no" while offering some thoughts as to what could be driving the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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