DailyMarkets.com - Boeing Acquiring Cyber Security Biz

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• Boeing Acquiring Cyber Security Biz
• Earnings Preview: FMC Technologies
• Daily Deal Sites Face Hurdles
• Stock Watchlist For Next Week
• Hot Option Plays: Markets Cautious – DC On Hot Seat Over Weekend
• Earnings Preview: Acxiom
• Ferrellgas Expands Propane Business
• Icahn Ups Bid On Clorox
• Citi Trends Initiates 2Q Guidance
• MIT’s BPP Monthly Inflation Falls Below .10%
• Earnings Preview: A Busy Week Ahead
• Earnings Preview: A Busy Week Ahead
• Gas Stocks Rise As Expected
• Canada OKs Cutera’s GenesisPlus
• Magellan Hikes Distribution, Again
• Monetary Policy Week In Review – 23 July 2011
• Aaron’s Acquires Crusader
• Rockwell Collins Misses, Revises
• Forex – EUR/USD Down At The End Of U.S. Session
• Forex – GBP/USD Down At The End Of U.S. Session
• Air Products EPS In Line, Revs Up
• ESI Beats, Raises Lower-End Outlook
• Icagen Next On Pfizer’s Radar
• Forex – USD/JPY Up At The End Of U.S. Session
• Budgetary Stupidity (II): Why Medicare Is The Solution — Not The Problem
• U.S. Markets Mixed At Close; Dow Jones Down 0.34%
• The Only Social Security Reform Worth Considering: Raising The Ceiling On Income Subject To It
• Forex – USD/JPY Up Toward The End Of U.S. Session
• Pretty Simple. Really.
• Reynolds American Misses
• LECO Reports Strong Quarter
• Newfield Fails To Meet Estimate
• FLIR Systems Underperforms
• Forex – EUR/USD Down Toward The End Of U.S. Session
• U.S. Markets Mixed At Close; Dow Jones Down 0.27%
• SunTrust Beats Marginally
• Currency Mars Actelion 2Q
• Texas Capital Tops Estimate
• Dover Outperforms, Guides Higher
• YRC Worldwide Remains Volatile
• Sonoco Misses EPS Estimate
• Forex – GBP/USD Down During The U.S. Session
• AMD Provides Solid Q3 Outlook
• IDEX Beats Estimate
• FLEX Shy By A Penny
• F5 Networks Beats, Yet Stock Slumps
• Forex – USD/CAD Up In U.S. Trade
• Alexion Tops, Ups View
• WDC Beats Estimates, Revs Flat
• Edwards Shy Of A Penny
• Celanese Beats Zacks Consensus
• Athenahealth EPS Beats, Ups View
• Forex – EUR/USD Down In U.S. Trading Hours
• Risk Aversion Strong On Greece And US Debt Concerns
• 2011 Halftime Report: The Cues For Copper

Boeing Acquiring Cyber Security Biz Posted: 22 Jul 2011 04:05 PM PDT The Boeing Company (NYSE:BA) has entered into an agreement to acquire Solutions Made Simple Inc. ("SMSi"). The terms of the transaction were not disclosed. The company expects the deal to be completed during the third quarter of 2011. Based in Reston, Virginia, Solutions Made Simple Inc. is an information services provider for the U.S. government and the Intelligence Community. SMSi’s technology allows users to easily extract, share and query information stored in an unlimited number of data … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Preview: FMC Technologies Posted: 22 Jul 2011 04:05 PM PDT A leading manufacturer and supplier of  technology solutions for the energy industry, FMC Technologies Inc. (NYSE:FTI) is expected to report its second quarter 2011 earnings results on Monday July 25, after the market closes. The Zacks Consensus Estimate for the second quarter is 38 cents per share, with a downside risk of 2.6%, on revenue of $1,184.0 million. Previous Quarter Recap FMC reported first quarter 2011 earnings per share from continuing operations (excluding a tax benefit of 3 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Daily Deal Sites Face Hurdles Posted: 22 Jul 2011 03:57 PM PDT 07/25/11 Daily deal web sites such as Groupon and LivingSocial continue to draw in consumers, but resale sites and lawsuits raise … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Stock Watchlist For Next Week Posted: 22 Jul 2011 03:24 PM PDT ( click to enlarge ) BioSante Pharmaceuticals, Inc. (NASDAQ:BPAX)  is forming a symmetrical triangle with support at $3.53. I am expecting a breakout at $3.79. So far, all indicators are in favor of an upward price movement: all the 3 major moving averages are below the current price and MACD still above the 0 line. If the support holds we might be able to see the breakout. ( click to enlarge ) And finally, FormFactor, Inc. (NASDAQ:FORM) is a buy, based on today’s bullish move. The stock … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Hot Option Plays: Markets Cautious – DC On Hot Seat Over Weekend Posted: 22 Jul 2011 03:17 PM PDT Cusick’s Corner Today’s session was rather mixed and stuck to a small range. Tech led today, so the NASDAQ showed up the Dow and SPX. However, all the major averages ended the week higher. Trading was cautious due to the continuing uncertainty about the deadlock over the August 2nd deadline to raise the debt ceiling. Credit rating agencies warned last week that the US triple-A credit rating is at risk if the US defaults and yet there’s still a stalemate in the debate on Capitol Hill. There’s no … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Preview: Acxiom Posted: 22 Jul 2011 03:02 PM PDT Acxiom Corporation (NASDAQ:ACXM) is scheduled to announce its first quarter 2012 results before the financial markets open on Wednesday, July 27, 2011. The company has consistently met or exceeded expectations. On average, Acxiom has beaten the Zacks Consensus Estimate by 11.09% in the last four quarters.      Fourth-Quarter Recap Acxiom Corp posted a net income (excluding one-time items) of $17.5 million or 21 cents per share compared with $15.6 million or 19 cents per … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Ferrellgas Expands Propane Business Posted: 22 Jul 2011 03:02 PM PDT Master limited partnership (MLP) Ferrellgas Partners L.P. (NYSE:FGP) marches ahead with its strategy of acquiring new businesses that complement its portfolio. The partnership, yesterday, announced the signing of a deal to acquire Williams Panhandle Propane, a Florida-based independent propane retailer. Williams Panhandle Propane mainly has units located in Tallahassee and Carrabelle, Florida.   The acquisition opens new market areas for Ferrellgas. The acquisition is a strategic fit for … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Icahn Ups Bid On Clorox Posted: 22 Jul 2011 03:02 PM PDT Clorox Corporation (NYSE:CLX) disclosed that it has again received a conditional acquisition offer from activist investor, Icahn Enterprises L.P. The acquisition, which is subject to due diligence, financing and other conditions, is now worth $80.00 per share, an increase from the prior bid price of $76.50. Clorox mentioned that it will evaluate the proposal shortly after discussing the same with its financial and legal advisers. Icahn’s bid of $80.00 per share represents a total value of $10.7 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Citi Trends Initiates 2Q Guidance Posted: 22 Jul 2011 03:02 PM PDT Citi Trends (NASDAQ:CTRN) declared its guidance for the second quarter of fiscal 2011. The company expects to incur net loss in the range of 60 cents to 70 cents a share for the quarter. After reporting declining comparable stores sales of 12% in the months of May and June, the company now estimates second quarter comps to decline 11%. Increase in clearance markdowns attributable to weak sales led to the loss in the quarter. Citi Trends clarifies that despite its many difficulties, it has a solid … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

MIT’s BPP Monthly Inflation Falls Below .10% Posted: 22 Jul 2011 02:53 PM PDT The Billion Prices Project @ MIT has just been updated with daily price data through June 30, and is reflecting significantly moderating inflationary pressures through last month.  The chart above shows monthly inflation rates over the last year, and inflation for the month ending June 22 hit the lowest rate all year, before turning up slightly towards the end of the month.   Inflation for the month ending June 22 was only about 0.10% (1.20% at an annual rate), compared to a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Preview: A Busy Week Ahead Posted: 22 Jul 2011 02:40 PM PDT Earnings Preview 7/22/11 The market will be very busy next week digesting earnings reports. There will be 947 firms reporting, and 184 of those are in the S&P 500. By next Friday afternoon, more than 60% of the S&P 500 will have reported. So far, earnings season has been very strong with over five times as many S&P 500 firms reporting positive surprises than have disappointed. The firms reporting this week are sort of like a who's who of U.S. industry, including Amazon (NASDAQ:AMZN), … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Preview: A Busy Week Ahead Posted: 22 Jul 2011 02:35 PM PDT Earnings Preview 7/22/11 The market will be very busy next week digesting earnings reports. There will be 947 firms reporting, and 184 of those are in the S&P 500. By next Friday afternoon, more than 60% of the S&P 500 will have reported. So far, earnings season has been very strong with over five times as many S&P 500 firms reporting positive surprises than have disappointed. The firms reporting this week are sort of like a who's who of U.S. industry, including Amazon (NASDAQ:AMZN), … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Gas Stocks Rise As Expected Posted: 22 Jul 2011 02:35 PM PDT The U.S. Energy Department’s weekly inventory release showed an in-line build-up in natural gas supplies, as increased cooling demand on the back of extremely hot weather was offset by higher domestic production. The Weekly Natural Gas Storage Report – brought out by the Energy Information Administration (EIA) every Thursday since 2002 – includes updates on natural gas market prices, the latest storage level estimates, recent weather data and other market activity or events. The report … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Canada OKs Cutera’s GenesisPlus Posted: 22 Jul 2011 02:35 PM PDT Medical devices maker Cutera Inc (NASDAQ:CUTR) has obtained the approval of Health Canada for its GenesisPlus laser for treating onychomycosis (nail fungus). The California-based company has secured approval of the U.S. Food and Drug Administration ("FDA") for the device in April 2011. GenesisPlus is also marketed in Europe. Onychomycosis is a fungal infection of the toenail or fingernail representing clinical symptoms such as discoloration / thickening of the nail and separation of the nail … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Magellan Hikes Distribution, Again Posted: 22 Jul 2011 02:35 PM PDT Pipeline operator Magellan Midstream Partners, L.P. (MMP) raised its second quarter 2011 cash distribution by 2.0% sequentially and 7.2% year over year to 78.50 cents per unit ($3.14 per unit annualized). The cash distribution is up 199% since its initial public offering (IPO) in the beginning of 2001. Magellan's new distribution is payable on August 12 to unitholders of record as on August 4, 2011. Tulsa, Oklahoma-based Magellan Midstream is a master limited partnership ("MLP") that owns … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Monetary Policy Week In Review – 23 July 2011 Posted: 22 Jul 2011 02:32 PM PDT The past week in monetary policy was relatively quiet, with just five central banks announcing interest rate decisions.  The only central bank to adjust rates was the Banco Central do Brasil, which increased its Selic rate by 25 basis points to 12.50%.  The other banks that held rates unchanged were: Canada at 1.00%, South Africa at 5.50%, Turkey at 6.25%, and Egypt at 8.25%.  Elsewhere in central banking, Taiwan’s central bank increased commercial bank minimum liquidity … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Aaron’s Acquires Crusader Posted: 22 Jul 2011 02:15 PM PDT Aaron’s Inc. (AAN) recently acquired all 30 stores owned and operated by Crusader Rent to Own. The company has not disclosed any financial terms of the deal. With this acquisition, Aaron’s wants to expand its HomeSmart concept. Therefore, in the coming months, it will convert 29 stores of Crusader into HomeSmart. Currently, the company has relatively few HomeSmart stores. The remaining store will be merged into an existing Aaron’s store. Earlier, in its fiscal 2011 guidance, the company … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Rockwell Collins Misses, Revises Posted: 22 Jul 2011 02:10 PM PDT Rockwell Collins Inc. (NYSE:COL), the supplier of avionics and military equipment, reported earnings of $1.01 in the third quarter of fiscal year 2011 ending June 30, 2011. This, however, fell short of the Zacks Consensus Estimate of $1.04, though results comfortably beat the year-ago quarterly earnings per share of 89 cents. Rockwell Collins fortunes are tied to the cyclical commercial aerospace market, which is currently undergoing a recovery phase. Recently, the commercial aerospace market has … [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: 22 Jul 2011 02:10 PM PDT Forexpros – The Euro was lower against the U.S. Dollar on Friday.<br/><br/> EUR/USD was trading at 1.4358, down 0.47% at time of writing.<br/><br/> The pair was likely to find support at 1.4015, Monday&rsquo;s low, and resistance at 1.4438, today&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.28% to hit 0.8808 and EUR/JPY falling 0.15% to hit … [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: 22 Jul 2011 02:05 PM PDT Forexpros – The British Pound was lower against the U.S. Dollar on Friday.<br/><br/> GBP/USD was trading at 1.6300, down 0.19% at time of writing.<br/><br/> The pair was likely to find support at 1.6006, Monday&rsquo;s low, and resistance at 1.6341, Thursday&rsquo;s high.<br/><br/> Meanwhile, the British Pound was up against the Euro and the Japanese Yen, with EUR/GBP shedding 0.28% to hit 0.8808 and GBP/JPY rising 0.12% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Air Products EPS In Line, Revs Up Posted: 22 Jul 2011 02:01 PM PDT Air Products & Chemicals Inc. (NYSE:APD) reported third quarter fiscal 2011 EPS of $1.46, versus $1.17 in the year-earlier quarter and matched the Zacks Consensus Estimate of $1.46. The results exclude a 4-cent gain in discontinued operations recognizing a tax benefit from the sale of the company’s U.S. healthcare operations in 2009. Net sales amounted to $2.6 billion, versus $2.3 billion in the prior-year quarter, moving ahead of the Zacks Consensus Estimate of $2.5 billion. The improved … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

ESI Beats, Raises Lower-End Outlook Posted: 22 Jul 2011 02:01 PM PDT ITT Educational Services Inc. (NYSE:ESI), one of the leading providers of technology-based post-secondary degree programs in the U.S., recently delivered second-quarter 2011 results that beat the Zacks’ expectation. The quarterly earnings of $2.85 per share outpaced the Zacks Consensus Estimate of $2.64, and rose 2.5% from $2.78 per share earned in the year-ago quarter. ITT Educational registered a decline of 3.5% in revenue to $387.9 million compared with $401.8 million in the prior-year quarter. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Icagen Next On Pfizer’s Radar Posted: 22 Jul 2011 02:01 PM PDT After the significant acquisitions of Wyeth and King Pharmaceuticals, Pfizer Inc. (NYSE:PFE) has set its aim at Icagen Inc. (NASDAQ:ICGN) as the pharma-major inked an agreement to acquire the latter. Pfizer already owns around 11% of Icagen's shares and will pay $6.00 per share for the remaining 89% or 8.3 million shares. The total transaction value for all of Icagen's shares (including the already owned 11%) amounted to roughly $56 million for Pfizer. The merger is expected to be completed by the … [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: 22 Jul 2011 02:00 PM PDT Forexpros – The U.S. Dollar was higher against the Japanese Yen on Friday.<br/><br/> USD/JPY was trading at 78.54, up 0.30% at time of writing.<br/><br/> The pair was likely to find support at 78.23, Thursday&rsquo;s low, and resistance at 79.32, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.47% to hit 1.4358 and GBP/USD falling 0.19% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Budgetary Stupidity (II): Why Medicare Is The Solution — Not The Problem Posted: 22 Jul 2011 01:59 PM PDT Not only is Social Security on the chopping block in order to respond to Republican extortion. So is Medicare. But Medicare isn't the nation's budgetary problem. It's the solution. The real problem is the soaring costs of health care that lie beneath Medicare. They're costs all of us are bearing in the form of soaring premiums, co-payments, and deductibles. Medicare offers a means of reducing these costs — if Washington would let it. Let me explain. Americans spend more on health … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. Markets Mixed At Close; Dow Jones Down 0.34% Posted: 22 Jul 2011 01:50 PM PDT Forexpros – U.S. stocks were mixed after the closing bell on Friday.<br/><br/> At the close of U.S. trade, the Dow Jones Industrial Average fell 0.34%, the S&P 500 index gained 0.09%, while the Nasdaq 100 index climbed 1.05%.<br/><br/> Meanwhile, across the Atlantic, European stock markets closed higher. France&rsquo;s CAC 40 was up 0.68%; Germany&rsquo;s DAX gained 0.50%; Britain&rsquo;s FTSE 100 climbed 0.60%; and the EURO STOXX 50 rose … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

The Only Social Security Reform Worth Considering: Raising The Ceiling On Income Subject To It Posted: 22 Jul 2011 01:44 PM PDT The very idea that Social Security might be on the chopping block in order to pay the ransom Republicans are demanding reveals both the cravenness of their demands and the callowness of the opposition to those demands. In a former life I was a trustee of the Social Security trust fund. So let me set the record straight. Social Security isn't responsible for the federal deficit. Just the opposite. Until last year Social Security took in more payroll taxes than it paid out in benefits. It lent … [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: 22 Jul 2011 01:40 PM PDT Forexpros – The U.S. Dollar was higher against the Japanese Yen on Friday.<br/><br/> USD/JPY was trading at 78.51, up 0.26% at time of writing.<br/><br/> The pair was likely to find support at 78.23, Thursday&rsquo;s low, and resistance at 79.32, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.45% to hit 1.4360 and GBP/USD falling 0.20% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Pretty Simple. Really. Posted: 22 Jul 2011 01:38 PM PDT Hmmm…. Do you think this – “U.S. Economic Confidence Sinks to Lowest Level Since March ’09″ Weekly economic confidence falls to -41 in the week ending July 17 PRINCETON, NJ — Americans’ economic confidence plunged last week to its lowest weekly level since March 2009. Gallup’s Economic Confidence Index fell to -41 in the week ending July 17 — down from -34 the prior week and -31 during the same week a year ago. U.S. economic confidence has been running below 2010 levels during most of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Reynolds American Misses Posted: 22 Jul 2011 01:35 PM PDT Reynolds American Inc. (NYSE:RAI) reported fourth quarter 2011 results on July 22, 2011. The company posted adjusted quarterly earnings of 67 cents per share, which was below the Zacks Consensus Estimate of 70 cents but inched up 1.5% compared to the prior-year quarter. According to the management, profits were driven by excellent results reported by Santa Fe Natural Tobacco Company, Inc. (Reynolds American's subsidiary) in the second quarter on the back of strong volume, share and earnings … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

LECO Reports Strong Quarter Posted: 22 Jul 2011 01:35 PM PDT Lincoln Electric Holdings Inc. (NASDAQ:LECO) recently reported its second quarter earnings. EPS of 68 cents is up from 38 cents in the year-earlier quarter and ahead of the Zacks Consensus Estimate of 55 cents. The reported quarter did not note any special item. However, the prior-year quarter noted a charge of one cent. Excluding this, adjusted EPS amounted to 68 cents versus 39 cents in the year-over-year quarter. Total revenue, as reported by the company, increased 35.6% year over year to $699.3 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Newfield Fails To Meet Estimate Posted: 22 Jul 2011 01:35 PM PDT Newfield Exploration Co. (NYSE:NFX) has reported adjusted second-quarter 2011 earnings of $1.02 per share, which missed the Zacks Consensus Estimate of $1.07 and came in below the year-earlier profit of $1.06. The underperformance was primarily due to lower natural gas production and higher operating expenses. The company's oil and gas revenues climbed 38.6% year over year to $621 million. Operational Performance Total quarterly production of 73.2 billion cubic feet equivalent (Bcfe), comprising … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

FLIR Systems Underperforms Posted: 22 Jul 2011 01:35 PM PDT FLIR Systems Inc. (NASDAQ:FLIR) released its second-quarter 2011 earnings results before the market opened today, reporting earnings from continuing operations of 18 cents, below the Zacks Consensus Estimate of 36 cents and prior-year earnings of 37 cents.  Earnings in the quarter was affected by net after tax impact of the litigation settlement and related expenses, excluding which earnings per share in the quarter was 35 cents Total Revenue Total revenue was $390.0 million, an increase of 18% … [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: 22 Jul 2011 01:25 PM PDT Forexpros – The Euro was lower against the U.S. Dollar on Friday.<br/><br/> EUR/USD was trading at 1.4364, down 0.43% at time of writing.<br/><br/> The pair was likely to find support at 1.4015, Monday&rsquo;s low, and resistance at 1.4438, today&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.23% to hit 0.8813 and EUR/JPY falling 0.19% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. Markets Mixed At Close; Dow Jones Down 0.27% Posted: 22 Jul 2011 01:10 PM PDT Forexpros – U.S. stocks were mixed after the closing bell on Friday.<br/><br/> At the close of U.S. trade, the Dow Jones Industrial Average fell 0.27%, the S&P 500 index gained 0.14%, while the Nasdaq 100 index climbed 1.05%.<br/><br/> Meanwhile, across the Atlantic, European stock markets closed higher. France&rsquo;s CAC 40 was up 0.68%; Germany&rsquo;s DAX gained 0.50%; Britain&rsquo;s FTSE 100 climbed 0.60%; and the EURO STOXX 50 rose … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

SunTrust Beats Marginally Posted: 22 Jul 2011 01:05 PM PDT SunTrust Banks Inc.'s (NYSE:STI) second quarter earnings came in at 33 cents per share, slightly ahead of the Zacks Consensus Estimate of 31 cents. This represents SunTrust's fourth straight quarter of profit after incurring significant losses since mid 2008. Earnings were also substantially better than the loss of 11 cents in the year-ago quarter. Despite the adverse impact of seasonal and economic factors, results for the reported quarter benefited from a substantial decline in provision for … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Currency Mars Actelion 2Q Posted: 22 Jul 2011 01:05 PM PDT European biotechnology company Actelion Ltd. (ALIOF) reported second quarter earnings of 78 cents per American Depository Receipt (ADR), down 23% over prior-year earnings of $1.01 per ADR and also below the Zacks Consensus Estimate of 90 cents. On a half yearly basis adjusted earnings were $1.77 per ADR, down 17% from $2.15 per ADR in the comparable period last year. The decline was due to lower revenues and the negative impact of currency. On a reported basis, Actelion incurred a loss of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Texas Capital Tops Estimate Posted: 22 Jul 2011 01:05 PM PDT Texas Capital Bancshares Inc. (NASDAQ:TCBI) has reported second quarter 2011 operating earnings of 44 cents per share, which came in well ahead of the Zacks Consensus Estimate of 36 cents. The results were, however, well above the prior-year quarter's earnings of 22 cents per share. Quarterly results benefited from an increase in net interest income. However, lower non-interest income and higher expenses were the dampeners. Behind the Headline Numbers Texas Capital's net interest income was … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Dover Outperforms, Guides Higher Posted: 22 Jul 2011 01:05 PM PDT Dover Corp. (NYSE:DOV) reported its second quarter earnings posting an EPS of $1.31, up from 91 cents in the year-earlier quarter. Excluding the charge of 12 cents pertaining to tax benefits, adjusted EPS increased 31.0% year over year to $1.19, outperforming the Zacks Consensus Estimate of $1.13. Total revenue as Dover reported was $2.16 billion versus $1.79 billion in the year-earlier quarter, striding ahead of the Zacks Consensus Estimate of $2.08 billion. Increase in revenue was mainly due to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

YRC Worldwide Remains Volatile Posted: 22 Jul 2011 01:05 PM PDT YRC Worldwide Inc. (NASDAQ:YRCW) reported moderate financial results for the second quarter of 2011. Quarterly GAAP net loss from continuing operations was $39.1 million or a loss of 81 cents per share compared with a net loss of $10.3 million or 24 cents in the year-ago quarter. However, second-quarter 2011 EPS of a loss of 81 cents was lower than the Zacks Consensus Estimate of a loss of 96 cents. Quarterly operating revenues were $1,257.2 million, up 12.3% year over year, ahead of the Zacks … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Sonoco Misses EPS Estimate Posted: 22 Jul 2011 01:05 PM PDT Sonoco Products Co. (NYSE:SON) recently reported its second-quarter results delivering an EPS of 52 cents versus 58 cents in the year-earlier quarter. The quarter noted some special items including restructuring and impairment charges amounting to 7 cents and a cent pertaining to other adjustments. Excluding these one-time items, adjusted EPS amounted to 60 cents versus 59 cents in the year-ago quarter, failing the Zacks Consensus Estimate of 63 cents. The earnings were more or less flat compared … [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: 22 Jul 2011 12:45 PM PDT Forexpros – The British Pound was lower against the U.S. Dollar on Friday.<br/><br/> GBP/USD was trading at 1.6300, down 0.19% at time of writing.<br/><br/> The pair was likely to find support at 1.6006, Monday&rsquo;s low, and resistance at 1.6341, Thursday&rsquo;s high.<br/><br/> Meanwhile, the British Pound was up against the Euro and down against the Japanese Yen, with EUR/GBP shedding 0.24% to hit 0.8812 and GBP/JPY falling 0.03% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

AMD Provides Solid Q3 Outlook Posted: 22 Jul 2011 12:35 PM PDT Advanced Micro Devices (NYSE:AMD) reported first quarter earnings of 9 cents per share, beating the Zacks Consensus Estimate by a penny. AMD's revenues in the last quarter came in at $1.57 billion, down 2.4% and 4.8% from the previous and year-ago quarters, respectively. This was better than normal seasonality, although it may be considered to be somewhat worse than AMD's expectations of flat to slightly down revenues for the quarter and just short of the consensus estimate of $1.58 billion. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

IDEX Beats Estimate Posted: 22 Jul 2011 12:35 PM PDT IDEX Corporation (NYSE:IEX) has posted adjusted earnings per share (excluding the effect of the inventory charge) of 62 cents in the second quarter of fiscal 2011 compared with 50 cents in the year-earlier quarter.  The results surpassed the Zacks Consensus Estimate of 60 cents. IDEX Corporation designs, manufactures and markets a broad range of fluid handling and industrial products serving a diverse range of customers. Sales improved 20% from the year-earlier quarter to $454 million, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

FLEX Shy By A Penny Posted: 22 Jul 2011 12:35 PM PDT Flextronics International Ltd.'s (NASDAQ:FLEX) first quarter 2012 earnings per share of 19 cents jumped 11.8% year over year, but missed the Zacks Consensus Estimate by a penny. Moreover, the EPS lagged the company's guidance range of 20-23 cents. Revenues The quarter's total revenue jumped 15% on a year-over-year basis to $7.5 billion. Revenues not only managed to surpass the Zacks Consensus Estimate of $7.30 billion, but also settled at the higher end of management's guided range of $7.1 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

F5 Networks Beats, Yet Stock Slumps Posted: 22 Jul 2011 12:35 PM PDT F5 Networks Inc. (NASDAQ:FFIV) posted third quarter fiscal 2011 earnings per share (EPS) of 77 cents, beating the Zacks Consensus Estimate of 71 cents. The outperformance was attributable to solid revenues aided by the growing demand for the company's products, as well as market share gains. However, shares slid 6.99% in after market trade, probably due to F5 Networks' broad European exposure. Revenues F5 Networks reported revenues of $290.7 million in the third quarter, up 26.1% from $230.5 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CAD Up In U.S. Trade Posted: 22 Jul 2011 12:10 PM PDT Forexpros – The U.S. Dollar was higher against the Canadian Dollar on Friday.<br/><br/> USD/CAD was trading at 0.9494, up 0.64% at time of writing.<br/><br/> The pair was likely to find support at 0.9424, Thursday&rsquo;s low, and resistance at 0.9635, Monday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.41% to hit 1.4366 and GBP/USD falling 0.16% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Alexion Tops, Ups View Posted: 22 Jul 2011 12:05 PM PDT Alexion Pharmaceuticals' (NASDAQ:ALXN) second quarter 2011 earnings (excluding special items but including stock-based compensation) of $0.23 per share surpassed the Zacks Consensus Estimate by a cent and the year-ago earnings by 8 cents. Earnings include the effect of the stock split completed in May 2011. Earnings in the quarter benefited from an increase in revenues. Alexion's revenues jumped 47.6% to $185.7 million in the reported quarter driven by strong Soliris (eculizumab) sales. Soliris … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

WDC Beats Estimates, Revs Flat Posted: 22 Jul 2011 12:05 PM PDT Western Digital Corp. (NYSE:WDC) reported fourth quarter 2011 earnings per share (EPS) of 81 cents, comprehensively exceeding the Zacks Consensus Estimate of 67 cents. Revenues Revenues in the fourth quarter of 2011 inched up 0.9% year over year to $2.4 billion. Moderation in average selling price (ASP) led to a 7% sequential and 1% year-over-year decline in revenues. Price declines in the quarter were in line with the company's expectation but less than the seasonal norm. Average product … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Edwards Shy Of A Penny Posted: 22 Jul 2011 12:05 PM PDT Edwards Lifesciences Corporation (NYSE:EW) has reported an adjusted EPS of 49 cents in the second quarter of fiscal 2011, a penny below the Zacks Consensus Estimate, although exceeding the year-ago quarter's adjusted EPS of 46 cents. Revenues increased 18.1% to $431.2 million, also exceeding the Zacks Consensus Estimate of $424 million. Segments Heart Valve Therapy remained the strongest segment at Edwards with an annualized growth of 22.5% to reach $263.1 million. Sales of surgical heart valves … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Celanese Beats Zacks Consensus Posted: 22 Jul 2011 12:05 PM PDT Specialty material company Celanese Corp. (NYSE:CE) reported adjusted earnings of $1.66 per share in the second quarter of 2011, beating the Zacks Consensus Estimate of $1.41. Diluted earnings per share in the quarter were $1.29 per share, up 48% year over year. Revenues and Margins Quarterly revenues grew 16% year over year to $1.75 billion, primarily driven by higher volumes across all business segments and favorable currency impacts. Results were above the Zacks Consensus Estimate of $1.39 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Athenahealth EPS Beats, Ups View Posted: 22 Jul 2011 12:05 PM PDT Leading vendor of cloud-based services for physician practices, Athenahealth's (NASDAQ:ATHN) second-quarter fiscal 2011 adjusted (excluding one-time items other than stock-based compensation expense) earnings of 14 cents per share beat the Zacks Consensus Estimate of 11 cents. Net income (as reported) for the quarter rose sharply to $5.2 million (or 14 cents per share) from a profit of roughly $1.3 million (or 4 cents per share) a year ago, riding on higher revenues. The stock climbed 9.14% in … [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: 22 Jul 2011 11:45 AM PDT Forexpros – The Euro was lower against the U.S. Dollar on Friday after the release of euro zone data on German Ifo Business Climate Index.<br/><br/> EUR/USD was trading at 1.4372, down 0.37% at time of writing.<br/><br/> The pair was likely to find support at 1.4015, Monday&rsquo;s low, and resistance at 1.4438, today&rsquo;s high.<br/><br/> Earlier in the day, data showed that Germany&rsquo;s Ifo business climate fell more-than-expected to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Risk Aversion Strong On Greece And US Debt Concerns Posted: 22 Jul 2011 10:00 AM PDT 07/22/11 The final day of trading for the week saw a rise in risk aversion as investors stayed clear of higher-yielding currencies on growing Greek bailout and US debt ceiling … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

2011 Halftime Report: The Cues For Copper Posted: 21 Jul 2011 10:00 PM PDT Copper slightly disappointed investors, ending the first half of the year with a decline of 3.50 percent. Worries about global inflation and, more specifically, the potential slowing of China's economy weighed on copper's price. The red metal rose 5 percent quickly in the new year, but similar to zinc, lead, palladium and platinum prices, declined sharply at the beginning of May. Since the end of June, copper has been slowly inching its way up, with the past three weeks having produced … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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