Wednesday, May 4, 2011

DailyMarkets.com - ValueClick Beats Estimates

DailyMarkets.com - ValueClick Beats Estimates

ValueClick Beats Estimates

Posted: 04 May 2011 11:35 AM PDT

ValueClick Inc. (NASDAQ:VCLK) reported first quarter 2011 earnings (including stock-based compensation but excluding amortization of intangibles) of 24 cents per share. The EPS comprehensively beat the Zacks Consensus Estimate of 18 cents and was up 41.2% year over year from 17 cents per share reported in the prior-year quarter.
Earnings on a non-GAAP basis (excluding both amortization of intangibles and stock-based compensation expense) came in at 26 cents per share, well above management's … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Time Warner A Penny Ahead

Posted: 04 May 2011 11:30 AM PDT

Time Warner Inc. (NYSE:TWX), the diversified media conglomerate, recently posted first-quarter 2011 results. The quarterly earnings of 58 cents a share came a penny ahead of the Zacks Consensus Estimate but dropped 4.9% from 61 cents earned in the prior-year quarter sending the shares down by 2.7% to $36.73 in pre-market trading.
On a reported basis, including one-time items, earnings came in at 59 cents a share, down 4.8% from 62 cents delivered in the year-ago quarter. However, Time Warner … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Molson Coors Misses By A Penny

Posted: 04 May 2011 11:30 AM PDT

Molson Coors Brewing Co. (NYSE:TAP) reported its first quarter 2011 results on May 3, 2011. The company reported earnings of 43 cents which was 16.2% higher than 37 cents per share reported in the prior year quarter.
Earnings missed the Zacks Consensus Estimate of 44 cents by 1 penny. Profits were primarily impacted by positive pricing and continued cost reductions.
Revenues and Operating Profits
Net sales for the quarter climbed 5.3% to $997.3 million from $947.0 million in the year-ago period. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Health Net Beats Top Line

Posted: 04 May 2011 11:30 AM PDT

Health Net Inc. (NYSE:HNT) reported first-quarter loss of $108.2 million or a loss per share of $1.16 compared to a net income of $16.1 million or 16 cents in the prior-year quarter.
The reported quarter included a $177.2 million pretax or $157.9 million after tax, charge related to the AmCareco litigation and $11.0 million in pretax expenses related to the company's administrative cost reduction efforts.
Health Net’s Western Region Operations and Government Contracts segments produced combined … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Standard Motor Improves

Posted: 04 May 2011 11:30 AM PDT

Standard Motor Products Inc. (NYSE:SMP) reported adjusted earnings of $7.1 million or 31 cents per share from continuing operations for the first quarter of 2011, more than doubling the earnings of $3.1 million or 14 cents per share in the first quarter of 2010. Earnings per share also substantially exceeded the Zacks Consensus Estimate of 13 cents.
The adjusted figures for the 2011 quarter excluded a gain of $157,000 or 1 cent per share from the sale of buildings along with expenses of $206,000 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Good News For Cell Therapeutics

Posted: 04 May 2011 11:30 AM PDT

Cell Therapeutics (CTIC) saw an ominous cloud pass over when the Office of New Drugs (OND) of the U.S. Food and Drug Administration (FDA) allowed it to re-submit the new drug application (NDA) for its lead pipeline candidate, pixantrone, for review without the need for an additional trial.
Pixantrone is being developed for the treatment of relapsed or refractory aggressive non-Hodgkin's lymphoma (NHL) in patients who have not responded to other treatment options.
In April 2010, the FDA had … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

R.R. Donnelley Misses Estimates

Posted: 04 May 2011 11:30 AM PDT

A leading provider of integrated communications and printing solutions, R.R. Donnelley & Sons Co. (NYSE:RRD) reported earnings per share (EPS) of 33 cents in the first quarter of 2011, which missed the Zacks Consensus Estimate by 3 cents.
The company failed to beat the Zacks Consensus Estimate due to higher costs related to pensions and other benefits in the quarter.
Operating Performance
EPS on a non-GAAP basis was flat on a year-over-year basis and excludes restructuring and impairment … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Meritor Beats On Strong Truck Demand

Posted: 04 May 2011 11:30 AM PDT

Meritor Inc. (MTOR) posted an increase in profit to $14 million or 14 cents per share in the second quarter of its fiscal year from $6 million or 8 cents per share in the same quarter of prior fiscal year due to higher sales. The profit exceeded the Zacks Consensus Estimate by 6 cents per share.
Sales in the quarter soared 37% to $1.19 billion, driven by stronger truck demand in the Americas and Europe.
Adjusted EBITDA was $81 million versus $61 million in the second quarter of fiscal 2010. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – AUD/USD Down In U.S. Trade

Posted: 04 May 2011 11:15 AM PDT

Forex Pros – The Australian Dollar was lower against the U.S. Dollar on Wednesday.<br/><br/> AUD/USD was trading at 1.0770, down 0.70% at time of writing.<br/><br/> The pair was likely to find support at 1.0739, today&rsquo;s low, and resistance at 1.1013, Monday&rsquo;s high.<br/><br/> Meanwhile, the Australian Dollar was down against the Euro and the Japanese Yen, with EUR/AUD gaining 0.93% to hit 1.3798 and AUD/JPY falling 1.19% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Cephalon Misses Expectations

Posted: 04 May 2011 11:05 AM PDT

Cephalon Inc. (NASDAQ:CEPH) delivered first quarter earnings of $1.98 per share, several cents below the Zacks Consensus Estimate of $2.04 but 12.5% above the year-ago earnings of $1.76.
First quarter revenues, which increased 24.9% to $745.1 million, missed the Zacks Consensus Estimate of $752 million by a wide margin. First quarter results were within the guidance range provided by the company. Cephalon had guided towards adjusted net income of $144 – $159 million on sales of $725 – $755 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Unum Beats Top Line, Lags EPS Est.

Posted: 04 May 2011 11:05 AM PDT

Unum Group (NYSE:UNM) reported first-quarter operating income of 69 cents per share, a penny lower than the Zacks Consensus Estimate of 70 cents. Results compare favorably with 67 cents earned in the prior-year period. Operating income was $215.7 million in the quarter, down 3.5% from $223.5 million in first-quarter 2010.
Soft performance at Unum UK and Individual Disability – Closed Block contributed to the lower-than-expected results.
Including realized after-tax investment gains of $9.7 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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

Posted: 04 May 2011 10:45 AM PDT

Forex Pros – The New Zealand Dollar was lower against the U.S. Dollar on Wednesday.<br/><br/> NZD/USD was trading at 0.7913, down 0.91% at time of writing.<br/><br/> The pair was likely to find support at 0.7866, today&rsquo;s low, and resistance at 0.8120, Monday&rsquo;s high.<br/><br/> Meanwhile, the New Zealand Dollar was down against the Australian Dollar and the Euro, with AUD/NZD gaining 0.26% to hit 1.3615 and EUR/NZD rising 1.19% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Preview: Fortune Brands

Posted: 04 May 2011 10:40 AM PDT

Fortune Brands Inc. (NYSE:FO) is scheduled to release its first-quarter 2011 results on Thursday, May 5, 2011. The Zacks Consensus Estimate is 51 cents a share for the first quarter of fiscal 2011. This represents a year-over-year estimated growth of 4.1%.
Fourth Quarter Performance      
Fortune Brands' adjusted earnings for the fourth quarter of fiscal 2010 came in at 63 cents a share, beating the Zacks Consensus Estimate of 58 cents but falling short of the year-ago … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Lower Revs Widen Loss At Alnylam

Posted: 04 May 2011 10:35 AM PDT

Alnylam Pharmaceuticals Inc.'s (NASDAQ:ALNY) first quarter loss of 38 cents per share was wider than the Zacks Consensus Estimate of 32 cents per share and the year-ago loss of 29 cents per share. Lower revenues and higher research and development expenses exacerbated the loss.
Revenues for the reported quarter fell 15% from the prior year to $20.9 million but were in line with the Zacks Consensus Estimate of $21 million.
Quarterly Details
Revenues in the quarter were inclusive of $14 million from … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

DexCom Misses But Losses Trim

Posted: 04 May 2011 10:35 AM PDT

DexCom (NASDAQ:DXCM), a prominent player in the glucose monitoring market, reported first-quarter fiscal 2011 loss per share of 19 cents, a penny higher than  the Zacks Consensus Estimate while sharply less than the year-ago loss of 40 cents per share. Net loss for the quarter trimmed roughly 41.5% year over year to $11.9 million owing to a healthy revenue growth.
Revenues
Revenues for the quarter shot up roughly 48.5% year over year to $14.2 million, still missing the Zacks Consensus Estimate … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Preview: Fortune Brands

Posted: 04 May 2011 10:35 AM PDT

Fortune Brands Inc. (NYSE:FO) is scheduled to release its first-quarter 2011 results on Thursday, May 5, 2011. The Zacks Consensus Estimate is 51 cents a share for the first quarter of fiscal 2011. This represents a year-over-year estimated growth of 4.1%.
Fourth Quarter Performance      
Fortune Brands' adjusted earnings for the fourth quarter of fiscal 2010 came in at 63 cents a share, beating the Zacks Consensus Estimate of 58 cents but falling short of the year-ago … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

ISM Service Index Disappoints

Posted: 04 May 2011 10:35 AM PDT

The Institute for Supply Management's Non-Manufacturing, or Service, survey plunged in April to 52.8 from 57.3 in March. That is the lowest reading since last August. Like its venerable brother, the Manufacturing survey, this is a "magic 50" index where any reading above 50 indicates that the economy is expanding and anything below 50 represents an economic contraction. Thus, this means that the Service side of the economy, which is far larger than the manufacturing side, is still … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Previewing The ECB Rate Decision – The Big Question Is June Or July?

Posted: 04 May 2011 10:33 AM PDT

It has been a very eventful month since the last time we heard Trichet following April's ECB decision to raise rates by a quarter of a percentage point to 1.25%. Back then, at the start of April, the EUR/USD was trading below 1.43, now it has been proving the 1.49 area.
In the last meeting, the increase itself was no big surprise, and had been priced in, but at the time the big question was at what pace the ECB would continue to raise rates. Trichet shot down the idea that the ECB would … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

“Seeing Profit-taking, Behind Shaky Numbers”

Posted: 04 May 2011 10:25 AM PDT

05/04/11 Meridian Equity Partners’ Stephen Guilfoyle weighs in on today’s pullback in US equity … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Is It Too Late To Buy Gold?

Posted: 04 May 2011 10:17 AM PDT

By Raghav Gullapani, Contributing Writer
GLD, SLV, GDX, GDXJ, ABX, GG. SLW
This is a question that everyone asks me as soon as they find out I'm a trader.  Of course the question comes in many forms…
Have I missed the move?
Is it too expensive now?
In fact even my Mother asked me that question just this past weekend. And my Mother-in law asks, should we sell?
My answer to all those people is the same. 
Gold and Silver have had a remarkable run.  I invest and trade in both … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Dell Options In Demand

Posted: 04 May 2011 10:07 AM PDT

Dell Options In Demand
Today's tickers: DELL, CAG, GPS & XLNX
(NASDAQ:DELL) – Dell, Inc. – Strategists populating Dell options today are sending mixed signals on the PC maker ahead of the company's first-quarter earnings report on May 17. Call buyers in the June contract appear to be gearing up for a rally in the price of the underlying shares, while ratio put spreaders are taking a more cautious stance on the stock. Shares in Dell are currently up 0.25% to stand at $15.84 as of 12:15pm. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Foster Wheeler Underperforms

Posted: 04 May 2011 10:05 AM PDT

Foster Wheeler AG (NASDAQ:FWLT) reported first-quarter 2011 earnings per share from continuing operations of 18 cents compared with 56 cents in the prior-year quarter. The company underperformed the Zacks Consensus Estimate of 42 cents.
Excluding asbestos related provision of 1 cent, earnings per share in the quarter came in at 19 cents compared with 56 cents (no asbestos related provision). Net income in the quarter declined due to lower realized EBITDA margins in Global Engineering and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

ONEOK Inc. Misses, Guidance Intact

Posted: 04 May 2011 10:05 AM PDT

ONEOK Inc. (NYSE:OKE) reported a first-quarter profit of $1.19 per share, down from $1.44 earned in the year-ago quarter. The quarterly results also lagged the Zacks Consensus Estimate of $1.32 per share.
The year-over-year decline was attributable to lower margins at the Energy Services segment, which stemmed from lower realized seasonal natural gas storage price differentials and narrower realized Mid-Continent-to-Gulf-Coast price differentials. Higher operating costs and depreciation and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Up In U.S. Trade

Posted: 04 May 2011 10:00 AM PDT

Forex Pros – The British Pound was higher against the U.S. Dollar on Wednesday.<br/><br/> GBP/USD was trading at 1.6518, up 0.19% at time of writing.<br/><br/> The pair was likely to find support at 1.6453, today&rsquo;s low, and resistance at 1.6739, Monday&rsquo;s high.<br/><br/> Meanwhile, the British Pound was up against the Euro and down against the Japanese Yen, with EUR/GBP shedding 0.02% to hit 0.8990 and GBP/JPY falling 0.33% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

European Markets Close Lower; Dax Down 1.69%

Posted: 04 May 2011 09:55 AM PDT

Forex Pros – European stocks were down after the closing bell on Wednesday.<br/><br/> At the close of European trade, Germany&rsquo;s DAX fell 1.69%, London&rsquo;s FTSE 100 shed 1.62%, France&rsquo;s CAC 40 declined 1.31% and the EURO STOXX 50 was down 1.61%.<br/><br/> Meanwhile, on Wall Street, equity markets were down after the open. The Dow Jones Industrial Average was down 0.98%; the S&P 500 index shed 1.04%, while the Nasdaq 100 index declined … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: EURUSD Tests 100 Hour MA

Posted: 04 May 2011 09:47 AM PDT

The EURUSD is testing key support at the 100 hour MA at the 1.4828 level.  Looking for support at the level. A break however, should lead to further selling pressure today.  The next key target will be down at the floor/38.2% retracement at the 1.4768 level. Below that level and the selling should further intensify for the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Avis Beats On Better Travel Trends

Posted: 04 May 2011 09:35 AM PDT

Avis Budget Group Inc. (NYSE:CAR) posted first-quarter 2011 net income of $7.0 million compared with a net loss of $38.0 million in the year-ago period. Excluding extraordinary items, quarterly income came in at $12.0 million or 11 cents a share. Earnings per share for the quarter topped the Zacks Consensus Estimate of a loss of 5 cents, significantly improving from the prior-year quarter loss of 13 cents a share. 
Continued focus on productivity and cost containment initiatives, better … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Dollar Slide Continues On ECB Rate Hike Speculation, Weak Data

Posted: 04 May 2011 04:30 AM PDT

05/04/11 The dollar has again fallen against the euro today on growing speculation the ECB will hike rates tomorrow wjile economic data came up … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Swiss Franc: Under Pressure

Posted: 04 May 2011 09:19 AM PDT

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Australian Dollar: The Downside Prevails

Posted: 04 May 2011 09:19 AM PDT

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Canadian Dollar: Key ST Resistance At 98

Posted: 04 May 2011 09:19 AM PDT

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

British Pound: Under Pressure

Posted: 04 May 2011 09:19 AM PDT

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Japanese Yen: Under Pressure

Posted: 04 May 2011 09:19 AM PDT

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Euro: Capped By A Negative Trend Line

Posted: 04 May 2011 09:19 AM PDT

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Pioneer Profits, Production Grows

Posted: 04 May 2011 09:15 AM PDT

Pioneer Natural Resources Company (NYSE:PXD) reported first quarter 2011 adjusted earnings of 68 cents per share, outpacing the Zacks Consensus Estimate of 53 cents and showing a decent improvement from the year-earlier income of 48 cents. Better-than-expected results were mainly attributable to production growth in the Spraberry field and Eagle Ford Shale.
Revenues in the quarter upped 4% to $527.6 million from $507.0 million in the year-ago quarter, but lagged the Zacks Consensus Estimate of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

UPDATE: Did Wall Street Violate The Racketeering Act?

Posted: 04 May 2011 09:10 AM PDT

A month ago I questioned whether there was sufficient evidence of abusive and fraudulent practices in the mortgage business on Wall Street (underwriting, servicing, securitizations, etc) to make a case that the industry as a whole violated the Racketeering Act? I hold out no hope that our 'leaders' in Washington would even think about making that case; that said, I think there is plenty of reason to believe that a very real case could be made.
What will we likely see? Perhaps a number of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

McKesson Shines; Provides 2012 View

Posted: 04 May 2011 09:05 AM PDT

McKesson Corp.'s (NYSE:MCK) fourth quarter fiscal 2011 earnings of $1.66 per share (excluding special items) beat the Zacks Consensus Estimate by 6 cents and the year-ago earnings by 40 cents. For fiscal 2011, earnings (excluding special items) came in at $5.00 per share, surpassing the Zacks Consensus Estimate of $4.92 and the previous-year earnings of $4.58 per share.
Including expenses associated with the acquisition of US Oncology, earnings for the quarter and the year came in at $1.62 and … [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: 04 May 2011 09:00 AM PDT

Forex Pros – The Euro was higher against the U.S. Dollar on Wednesday after the release of U.S. data on ADP Nonfarm Employment Change.<br/><br/> EUR/USD was trading at 1.4858, up 0.22% at time of writing.<br/><br/> The pair was likely to find support at 1.4755, Tuesday&rsquo;s low, and resistance at 1.4940, today&rsquo;s high.<br/><br/> Earlier in the day, official data showed that non-farm employment change in the U.S. rose less-than-expected to a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Nicor Tops EPS, Misses Rev

Posted: 04 May 2011 08:35 AM PDT

Gas distributor Nicor Inc. (GAS) reported first quarter 2011 earnings per share of 98 cents, comfortably beating the Zacks Consensus Estimate of 92 cents. However, on a year-over-year comparison, earnings fell 26.3% from $1.33 per share, bruised by poor performance by gas distribution and shipping businesses coupled with lower operating income.
The company's total operating revenues were $1,037.0 million, down 13.1% year over year and 12.3% below our expectation.
Segmental Performance
Gas … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: USDCAD Breaks Out. Upside Room To Roam.

Posted: 04 May 2011 08:25 AM PDT

In the earlier post (CLICK HERE), the price of the USDCAD moved above the 38.2% retracement at the 0.9550 level (see hourly chart below) and when that level held on the correction after the break today, the price moved higher.  Now the price is testing resistance against trendline resistance on the daily chart at the 0.9593 level (see daily chart above).  A break above this level opens up the pair for further gains.
Looking at the daily chart above, the USDCAD pair has … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Las Vegas Sands Disappoints

Posted: 04 May 2011 08:25 AM PDT

Las Vegas Sands Corp. (NYSE:LVS) recorded adjusted earnings of 37 cents per share in the first quarter of 2011, which fell shy of the Zacks Consensus Estimate of 44 cents but improved considerably from 7 cents reported in the year-earlier quarter.
On a GAAP basis, the company reported earnings of 28 cents per share, compared with a loss of 4 cents in the year-ago quarter. The improvement primarily reflects a rise in operating income partially offset by increases in net income attributable to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Harris’ EPS Beats, Revenue Misses

Posted: 04 May 2011 08:25 AM PDT

Harris Corp.(NYSE:HRS) declared its third quarter 2011 financial results yesterday after the closing bell. Quarterly adjusted (excluding special charges) earnings per share (EPS) of $1.16 beats the Zacks Consensus Estimate by a penny. In the after-market trade in NYSE, Harris' shares rose $1.02 (1.93%) to $53.99.
Reported GAAP net income in the quarter was $140 million or $1.09 per share compared with a net income of $166 million or $1.26 per share in the year-ago quarter. This was mainly due to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

ADP Sees 179,000 Jobs Added

Posted: 04 May 2011 08:25 AM PDT

The Automatic Data Processing (NYSE:ADP) employment survey was weaker than expected in April. It shows that private sector employment rose by 179,000, below consensus expectations for a 200,000 increase. That marks a slowdown from the 207,000 jobs added (as estimated by ADP) in March.

Partially offsetting the disappointment was the fact that the March numbers were revised up from a gain of 201,000 jobs. The gains, however, were widespread, and if confirmed by the BLS on Friday, would still be a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

ISM Weakness Lifts Demand For Bonds

Posted: 04 May 2011 08:13 AM PDT

Despite a couple of days of losses for key global commodity markets, bond traders seemed to be in no hurry to get into the groove midweek to pick-up the running. Yields were marginally higher ahead of a key reading of the pulse of the U.S. service sector in what many see as an acid test for consumers' ability to weather surging gasoline costs at a time when food prices are also stealing from take home pay. In the event a slide in the ISM non-manufacturing index slapped stocks and commodities … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

SM Energy Outperforms

Posted: 04 May 2011 08:05 AM PDT

SM Energy Company's (NYSE:SM) first-quarter 2011 adjusted earnings of 42 cents per share exceeded the Zacks Consensus Estimate of 40 cents on higher production. However, the quarterly result was lower than the year-earlier profit of 45 cents.
Total revenue of $315.3 million fell 12% from $360.1 million in the prior-year quarter, but comfortably surpassed the Zacks Consensus Estimate of $255 million. Oil and gas production revenues contributed $276.3 million (up 30% year over year) to the total … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

New Subscribers Boost SK Telecom 1Q

Posted: 04 May 2011 08:05 AM PDT

SK Telecom Corp Ltd (NYSE:SKM), a leading South Korean telecom operator, reported first quarter 2011 net income of KRW $561 billion ($505 million), up 35.8% year over year, attributable to a healthy growth in smartphone subscribers.
Revenues
Revenues rose 2.7% year over year to KRW 3.132 trillion ($2.82 billion) in the reported quarter. Mobile service revenue inched up 1.1% year over year to KRW 2.68 trillion ($2.41 billion) and interconnection revenue fell 2% to KRW 298 billion ($268 million). … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Word From The Floor: Wall Street Opens Lower

Posted: 04 May 2011 08:00 AM PDT

05/04/11 US stocks traded lower, as the latest Q1 earnings and fundamentals were digested. EUR/USD topped the $1.49 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

The Importance Of The 40 Level In Silver SLV

Posted: 04 May 2011 07:52 AM PDT

No doubt you've seen the sharp decline (to be fair, after a stellar rally) in Silver (SLV), but right now, traders are anxiously watching the critical defining level at $41 in Silver Futures and $40 in SLV.
Why?
Let's take a look, starting with Silver Futures (@SI):

Keeping the chart as simple as possible, the $41 price point in Silver represents a key turning point in structure.
As of this moment (above the 38.2% Fibonacci Retracement and rising trendline), the down-move in Silver is … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – Dollar Broadly Lower Vs. Rivals After Weak U.S. Data

Posted: 04 May 2011 07:46 AM PDT

Forex Pros – The U.S. dollar was broadly lower against its major counterparts on Wednesday, as weak U.S. jobs and service sector data added to the view that the Federal Reserve would not hike interest rates for some time to come.<br /><br />During U.S. morning trade, the greenback was lower against the euro, with EUR/USD gaining 0.44% to hit 1.4891.<br /><br />Official data showed earlier that euro zone retail sales fell sharply in March, pointing to weaker household … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Hits Daily High After U.S. ADP, ISM Data

Posted: 04 May 2011 07:40 AM PDT

Forex Pros – The pound extended gains against the U.S. dollar on Wednesday, rising to a fresh daily high after data showed that the U.S. added fewer private sector jobs than expected last month while U.S. service sector growth slowed unexpectedly.<br /><br />GBP/USD hit 1.6575 during early U.S. trade, the daily high; the pair subsequently consolidated at 1.6544, gaining 0.31%.<br /><br />Cable was likely to find support at 1.6384, the low of April 21 and resistance at … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Stock Market Summary For Wednesday, May 4, 2011 Special Alert VXX

Posted: 04 May 2011 07:27 AM PDT

We are removing the position in the iPath S&P 500 VIX Short-Term Futures ETN (symbol: VXX) added to the watch list on Tuesday, April 26, 2011 at the current intra-day price of $25.16. We added this position in VXX at the intra-day price of $23.68.  While on the watch list VXX returned 6.3% in 8 days.  We now have two remaining positions in VXX on our watch … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: USDCAD. Watching 0.9550. Bullish Above. Bearish Below

Posted: 04 May 2011 07:26 AM PDT

The USDCAD has pushed higher on lower growth/less demand for oil (oil prices are down today).
The pair moved above the 0.9550 level which is the 38.2% of the move down from the April 18th high to the low (see chart above).  Each time the price has moved above this retracement level, the price has retreated rather quickly (above chart).  Watch this level today. Price Above = bullish. Price Below = bearish.

The correction off the high came down to 0.9550 and bounced back higher…so … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Notes 5.4.2011: Gold, Silver, AUD/USD

Posted: 04 May 2011 07:25 AM PDT

Gold (XAU/USD) – Gold is staying above the 1528.75 correction low. It continues to lose bullish momentum, but has not shown bearish momentum, hovering above the 50% retracement of the rally from 1495 to 1575. If the current correction is not over, it can extend lower towards 1518-1520 pivot near 61.8% retracement. However, if there is no surprising factors to support the USD from this Friday's NFP, gold should continue rallying towards a swing projection target near 1585.
Siver … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Hits 17-month High After Weak U.S. Data

Posted: 04 May 2011 07:20 AM PDT

Forex Pros – The euro advanced to a 17-month high against the U.S. dollar on Wednesday, after reports showing the U.S. added fewer private sector jobs than expected last month while the U.S. service sector contracted unexpectedly.<br /><br />EUR/USD hit 1.4940 during U.S. morning trade, the pair&rsquo;s highest since December 4, 2009; the pair subsequently consolidated at 1.4924, gaining 0.67%.<br /><br />The pair was likely to find support at 1.4753, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

US ISM Services Index Surprises Forecasts Sliding 5 Points; US Economy To Disappoint In 2Q?

Posted: 04 May 2011 07:19 AM PDT

The ISM Non-Manufacturing index came in at 52.8 for the April period which was much lower compared to expectations of a 58.4, which would have been a small increase compared to March's reading at 57.3. This index measures activity in the services sector, the dominant sector in the US, and the one creating most of the jobs we have seen of late.

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

Crude Drops Below $111 On API Report

Posted: 04 May 2011 06:45 AM PDT

05/04/11 Front month crude prices faltered this session following a surprising rise in the API’s inventory data … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Sunny Weather And Royal Wedding Boost Spring Sales At Next

Posted: 04 May 2011 02:49 AM PDT

The sun shone on high street retailer Next (LON:NXT) during the three months to the end of April, with sales of its own-brand goods up significantly better than expected at 5.2% – excluding VAT. The figures compare favourably to guidance set out in March when the fashion group forecast half-year sales of between -0.5% and +2.5%. It estimated that at least 2.5% of the over-performance came as a result of exceptionally warm weather over Easter and spending in anticipation of the Royal Wedding … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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