Wednesday, July 27, 2011

DailyMarkets.com - Capella Beats On Bottom Line

DailyMarkets.com - Capella Beats On Bottom Line


Capella Beats On Bottom Line

Posted: 27 Jul 2011 07:50 AM PDT

Capella Education Company (NASDAQ:CNLA), the provider of online education, recently delivered better-than-expected second-quarter 2011 results. The quarterly earnings of 89 cents a share beat the Zacks Consensus Estimate of 90 cents, and grew 25.1% from 76 cents earned in the prior-year quarter.
Behind the Headline
Total active enrollment dropped 1.5% to 38,072 during the quarter. Management had earlier guided enrollment to fall by 1% to 3%. New enrollment plunged 41.6% reflecting tough market … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Aggressive Growth Stock: Electronics For Imaging, Inc.

Posted: 27 Jul 2011 07:35 AM PDT

Electronics For Imaging, Inc. (NASDAQ:EFII) is coming off of a record-setting quarter and excellent growth on the top and bottom lines.
Earnings were better than expected and this Zacks #1 Rank (Strong Buy) is on a roll.
Company Description
Electronics For Imaging makes digital printing products and services from creation to print. They offered color print servers, super-wide inkjet printers, inks and software.
Picture-Perfect Quarter
On Jul 21 the company reported a 19% increase in revenues, to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Panera Tops By A Penny

Posted: 27 Jul 2011 07:35 AM PDT

Panera Bread Co. (NASDAQ:PNRA) recently posted second quarter 2011 earnings of $1.18 per share, surpassing the Zacks Consensus Estimate by a penny. Reported earnings also outpaced the prior-year quarter earnings of 85 cents per share. Better-than-expected results were driven by double-digit growth in the top line.
Inside the Headline Numbers
The restaurant chain reported total revenue of $451 million in the second quarter, up 19% year over year and higher than the Zacks Consensus Estimate of $449.0 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Earnings Preview: Time Warner Cable

Posted: 27 Jul 2011 07:35 AM PDT

Time Warner Cable Inc.(NYSE:TWC) is slated to release its second quarter 2011 results on Thursday, July 28, before the opening bell. The current Zacks Consensus Estimate for the second quarter is pegged at $1.15, representing an annualized growth of 18.88%.
With respect to earnings surprises over the trailing four quarters, Time Warner Cable has outperformed the Zacks Consensus Estimate in all the three quarters except the last quarter where it missed the Zacks Consensus Estimate by a penny. The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


No Soft Landing For Cotton!

Posted: 27 Jul 2011 07:18 AM PDT

Wednesday, July 27, 2011
Some traders who are looking to try to pick the low in December Cotton may wish to explore the purchase of a bull call spread in Cotton futures options. For example, with December Cotton trading at 100.25 as of this writing, the December 105 calls could be bought and the December 110 calls sold for about 1.80, or $900 per spread, not including commissions. The premium paid would be the maximum potential risk on the trade and has a potential profit of $2,500 minus the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Aussie Climbs To Record Against U.S. Dollar Amid Debt-Deal Impasse

Posted: 27 Jul 2011 07:12 AM PDT

The U.S. Dollar weakened to an all-time low against the pair of antipodean currencies, the Australian Dollar and the New Zealand Dollar, as American lawmakers continued to struggle to find common ground on how to resolve the nation's worsening debt crisis. The Kiwi's gain, of course, was of no surprise, as the currency has gained on both good news and bad, as market participants have found that it is the safest play among the commodity currencies, all while showing increasingly strong … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Dr. Reddy’s Adds Portfolio

Posted: 27 Jul 2011 07:05 AM PDT

Dr. Reddy's Laboratories (NYSE:RDY) recently announced having entered into an agreement with JB Chemicals & Pharmaceuticals based in India to acquire the latter's pharmaceutical prescription portfolio in Russia and other CIS (Commonwealth of Independent States) regions for about $34.85 million. Additionally, as a part of this agreement, Dr. Reddy's will get rights to 20 branded drugs, the most important ones being Metrogyl and Jocet.
The companies also entered into a supply agreement, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/USD Extends Losses After U.S. Durables Decline

Posted: 27 Jul 2011 07:01 AM PDT

Forexpros – The euro extended losses against the U.S. dollar on Wednesday, falling to a fresh daily low after official data showed that U.S. durable goods orders fell unexpectedly in June.<br /><br />EUR/USD hit 1.4439 during early U.S. trade, the daily low; the pair subsequently consolidated at 1.4447, shedding 0.42%.<br /><br />The pair was likely to find support at 1.4356, Tuesday&rsquo;s low and resistance at 1.4577, a three-week high.<br /><br … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Gold Extends Gains To Fresh Record After Durable Goods Data

Posted: 27 Jul 2011 06:53 AM PDT

Forexpros – Gold futures extended gains on Wednesday, climbing to fresh record high after worse-than-expected data on U.S. durable goods orders added to mounting concerns over the U.S. economic outlook.<br /><br />On the Comex division of the New York Mercantile Exchange, gold futures for October delivery traded at USD1,627.55 a troy ounce during U.S. morning trade, advancing … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Carson Block Highlights China’s ‘Risky Business’

Posted: 27 Jul 2011 06:46 AM PDT

With the United States on the precipice of having its AAA credit rating downgraded, there would clearly seem to be a new world order dawning.
Many investors have already shifted their portfolios to increase holdings in emerging markets. Which region has generated the greatest focus? Asia.
Many view Asia and specifically those nations running large fiscal surpluses as being best positioned to prosper and profit as we move further into this century. The Peoples Republic of China garners the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex Trading: EURUSD Watching Support At The 1.4437-40 Level Today

Posted: 27 Jul 2011 06:45 AM PDT

The EURUSD fell below trendline support today and that opened the door for further profit taking selling. Weaker Durable Goods and Washington blunders has led to a little short covering in the early NY trade, but the price has started to move back down. Earlier today the 1.4437-40 level held support. This level corresponded with the high area from July 22nd.  This level will be eyed on another test. A break below should open the door for further downward pressure with the 100 hour MA … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/CAD Near Multi-year Low After Weak U.S. Durables Data

Posted: 27 Jul 2011 06:37 AM PDT

Forexpros – The U.S. dollar was down against its Canadian counterpart on Wednesday, trading close to a multi-year low after official data showed that U.S. durable goods orders fell unexpectedly in June.<br /><br />USD/CAD hit 0.9411 during early U.S. trade, the daily low; the pair subsequently consolidated at 0.9424, shedding 0.19%.<br /><br />The pair was likely to find support at 0.9200, the low of November 6, 2007 and resistance at 0.9512, the high of July 20.<br … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Gold And Silver Resume Uptrend In Risk-Off Trading

Posted: 27 Jul 2011 06:36 AM PDT

Prev: Gold and Silver Soften as Pessimism Subsides (7/20)
Gold (XAU/USD)

- The market is staying above the 1608 pivot (high from last week), and showing bullish continuation as the RSI in the daily chart breaks back above 70.
- A break below 1608 needed in upcoming sessions if the rally is to be stalled.
- As we near the deadline for the debt ceiling, uncertainty is fueling safe haven like the CHF and gold.
- A range breakout projection targets 1670; A swing projection targets 1725.
Silver … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Virgin Media Beats, Loses Customers

Posted: 27 Jul 2011 06:35 AM PDT

Virgin Media Inc. (NASDAQ:VMED) reported mixed financial results for the second quarter of 2011. The company lost cable subscribers in the last quarter but those who still subscribes to Virgin Media's services have shown their preference for its high-margin bundled services. As a result, the company's bottom line improved significantly. Till  now, the company installed TiVo Inc. (NASDAQ:TIVO) developed next-generation TV platform for around 50,000 customers. Furthermore, in April 2011, Virgin … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Looking Past The Washington Circus

Posted: 27 Jul 2011 06:35 AM PDT

Strong corporate earnings reports will be trying to gain traction for another day in the face of the still-unresolved Washington debate on the debt ceiling/budget issue. The soft Durable Goods numbers for June will not help matters either.

With the August 2 debt-ceiling deadline just days away now and the two sides still poles apart in their respective positions, the odds of a comprehensive budget deal are very low. The most likely outcome at this stage is an 11th hour … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Stock Market News Briefs: ACI Worldwide, Amazon.com, Baidu.com, Citigroup, Ford Motor Credit Company, Finisar, Hershey Foods, Jacobs Engineering Group, Lexmark International, Radioshack, Sanmina-SCI, S1, Weatherford International

Posted: 27 Jul 2011 06:35 AM PDT

    Ford (NYSE:F) reported Q2 EPS of $0.65, ex-items, exceeding the Zacks Consensus Estimate of $0.60 per share. Revenues from the auto sector rose 16.3% year-over-year to $33.5 billion, beating the Zacks Consensus Estimate of $31.8 billion

    Amazon.com (NASDAQ:AMZN) reported Q2 EPS of $0.41 per share, beating the Zacks Consensus Estimate for $0.37. Net sales for the quarter increased 51% year over year to $9.91 billion, above the Zacks Consensus Estimate for $9.37 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Earnings Preview: IPG

Posted: 27 Jul 2011 06:35 AM PDT

The Interpublic Group of Companies Inc. (NYSE:IPG) will be reporting its second-quarter 2011 earnings on Thursday, July 28, 2011.
The current Zacks Consensus Estimate for earnings per share (EPS) is 20 cents, representing an annualized growth of 33.85%.  
With respect to earnings surprises over the trailing four quarters, Interpublic Group outperformed the Zacks Consensus Estimate in all the quarters. Average earnings surprise was 22.38%, which implies that the company outperformed the Zacks … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Norfolk Posts All-time High Profit

Posted: 27 Jul 2011 06:35 AM PDT

Yesterday, after the closing bell, one of the leading U.S. railroad companies Norfolk Southern Corp. (NYSE:NSC) reported its adjusted second quarter earnings of $1.38 per share, beating the Zacks Consensus Estimate by 9 cents.
Adjusted earnings exclude income tax benefits of 18 cents per share. Including the benefit, earnings shot up 50% to a record $1.56 from $1.04 in the year-ago quarter.
The highway-to-railway shift in shipments on the heels of rising fuel prices and tight truck capacity worked … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


ATA Truck Tonnage Index Jumps 6.8% In June

Posted: 27 Jul 2011 06:34 AM PDT

The American Trucking Association reported yesterday that its truck tonnage index, a key barometer of economic activity, increased 6.8% in June from a year ago, the largest annual gain since an 8% increase in January. On a monthly basis, truck tonnage in June was 2.8% higher than May. 

ATA Chief Economist Bob Costello said "After growing 5.5% in the first half of the year from the same period last year, the strength of truck tonnage in the second half will depend greatly on what … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Swiss Franc: The Downside Prevails

Posted: 27 Jul 2011 06:18 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: 27 Jul 2011 06:18 AM PDT

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


Canadian Dollar: Under Pressure

Posted: 27 Jul 2011 06:18 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: 27 Jul 2011 06:18 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: 27 Jul 2011 06:18 AM PDT

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


Euro: The Downside Prevails

Posted: 27 Jul 2011 06:18 AM PDT

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


Disney Strengthens Its Indian Line

Posted: 27 Jul 2011 06:05 AM PDT

The Walt Disney Company (NYSE:DIS) recently made a $454 million offer to acquire the remaining 49.6% stake in UTV Software Communications Ltd. (UTV), Bloomberg reported. The company offered $22.58 (1,000 rupees) per share to acquire the stake of its allies and public shareholders in the Indian media company.
Disney has started the process of delisting the shares of UTV from Indian bourses, subject to gain the publicly held outstanding shares. After the delisting process, the company also aims to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


ArcelorMittal Beats On EPS

Posted: 27 Jul 2011 06:05 AM PDT

Steel giant ArcelorMittal (NYSE:MT) reported diluted net earnings of 99 cents per share in the second quarter of 2011, above the Zacks Consensus Estimate of 94 cents, but below last year's $1.13 per share.
Total steel shipments in the second quarter of 2011 were 22.2 million metric tonnes compared with 22.3 million metric tons in the year-ago quarter.
Revenue
Quarterly revenues increased 24.7% year over year to $25.1 billion from $20.2 billion in the year-ago quarter and 13.3% sequentially. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


U.S. Futures Extend Losses After Durable Goods Data; Dow Dips 0.2%

Posted: 27 Jul 2011 06:05 AM PDT

Forexpros – U.S. stock futures pointed to a lower open on Wednesday, as negotiations to raise the U.S. debt ceiling remained deadlocked, while weaker-than-expected durable goods data also weighed.<br /><br />Dow Jones Industrial Average futures pointed to a loss of 0.2%, the S&amp;P 500 futures fell 0.4%, while the Nasdaq 100 futures slumped 0.6%.<br /><br />Stock futures added to losses after official data showed that durable goods orders fell unexpectedly in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


EUR/USD In Correction; 1.44, 1.4280 Are Critical Support Levels Below 1.4450

Posted: 27 Jul 2011 05:44 AM PDT

Prev: EUR/USD Opens up 1.4940 and 1.6020 with Breakouts of Long-Term Patterns (7/26)
EUR/USD

Bullish Stance:
- The EUR/USD rally has been impressive. Non-overlapping rallies suggest we are in a major attempt.
- The bullish outlook has a target to 1.4940, with 1.4577 and 1.4696 as intermediate pivots.
- A break back above the 1.4495 suggests weak bears and bullish continuation.
- So far there is no overlap with previous consolidation zone, but the market appears to be doing so entering the US … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


U.S. Durable Goods Orders Drop Unexpectedly In June

Posted: 27 Jul 2011 05:38 AM PDT

Forexpros – U.S. durable goods orders fell unexpectedly in June, official data showed on Wednesday.<br /><br />In a report, the U.S. Census Bureau said durable goods orders, which include transportation items, fell by a seasonally adjusted 2.1% in June, after rising by 1.9% in May.<br /><br />Analysts had expected durable goods orders to rise by 0.4% in June.<br /><br />The report showed that core durable goods orders, excluding transportation items, rose … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Amazon Soars As Investments Pay Off

Posted: 27 Jul 2011 05:30 AM PDT

Amazon.com's (NASDAQ:AMZN) second quarter earnings beat the Zacks Consensus Estimate by 5 cents, or 13.5%. We expected the company to report stronger results this quarter as some of its investments started paying off. As may be expected, shares traded up (6.36%) in after-market trade.
Revenue
Amazon reported revenue of $9.91 billion, flat sequentially and up 51.0% year over year (exceeding the mid-point of management's guided range). Revenue growth was 44% excluding favorable currency … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Rogers Beats But Wireless Fumbles

Posted: 27 Jul 2011 05:30 AM PDT

Rogers Communications Inc. (NYSE:RCI) declared mixed financial results for the second quarter of 2011. Wireless business, which accounts for nearly 56% of its total revenue, experienced the hit of competition. However, an expansion of Cable TV business more than offset the weakness of wireless segment.   
Quarterly net income was $423.5 million or 78 cents per share compared with a net income of $467 million or 80 cents per share in the year-ago quarter. However, the second-quarter … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Earnings Preview: Legg Mason

Posted: 27 Jul 2011 05:30 AM PDT

Legg Mason Inc. (NYSE:LM) is scheduled to report its fiscal  first-quarter 2012 results before the opening bell on Thursday, July 28. The Zacks Consensus Estimate for the first quarter is 39 cents per share, representing an increase of about 31% from the year-ago quarter.
We believe Legg Mason has the potential to outperform its peers in the long run, given its diversified product mix and leverage to the changing demographics in the market. Although the last quarter witnessed a decline in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – Dollar Trims Losses As U.S. Durables Data Eyed

Posted: 27 Jul 2011 05:23 AM PDT

Forexpros – The U.S. dollar trimmed broad losses against its major counterparts on Wednesday, as talks aimed at raising the U.S.&rsquo;s USD14.3 trillion debt ceiling remained at a standstill, ahead of the August 2 deadline.<br /><br />During European afternoon trade, the greenback was up against the euro, with EUR/USD shedding 0.47% to hit 1.4441.<br /><br />The euro weakened as Spanish and Italian borrowing costs rose after disappointing debt auctions on Tuesday … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Crude Oil To Track S&P 500 Lower, Gold Torn Between Conflicting Forces

Posted: 27 Jul 2011 05:08 AM PDT

Talking Points

Crude Oil Set to Follow S&P 500 Lower Amid Risk Aversion
Gold Prices Torn Between Safety Demand, US Dollar Recovery

WTI Crude Oil (NY Close): $99.59 // +0.39 // +0.39%
S&P 500 stock index futures are dipping lower ahead of the opening bell on Wall Street, hinting the return of risk aversion is threatening to sink the WTI contract. Selling pressure began to emerge in Europe following disappointing earnings results from the likes of Swiss chemicals producer Clariant and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


AUD/USD At Record High; Opens Up Projections To 1.1590 And 1.1690

Posted: 27 Jul 2011 05:07 AM PDT

Prev: USD Outlook for August…(7/23)
AUD/USD

- The AUD/USD is continuing the bullish mode. The daily chart shows above the record high at 1.1010 until the market pushed it above in the Asian session following higher than forecast inflation numbers from Australia.
- Note that this break continues an uptrend that has been intact insofar as staying above the 200SMA. The RSI also remained above 40 despite being cracked briefly.
- The break out opens up a couple of projections. Taking the width … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – GBP/USD Erases Gains, Retreating From 6-week High

Posted: 27 Jul 2011 04:41 AM PDT

Forexpros – The pound erased gains against the U.S. dollar on Wednesday, pulling back from a six-week high after a report showed that U.K. industrial order expectations fell more-than-expected in July.<br /><br />GBP/USD pulled back from 1.6360, the pair&rsquo;s highest since June 14, to hit 1.6363 during European early afternoon trade, shedding 0.24%.<br /><br />Cable was likely to find support at 1.6264, Tuesday&rsquo;s low and resistance at 1.6495, the high … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


The Last One Standing (A JCI Manila Charity Poker Tournament)

Posted: 27 Jul 2011 04:30 AM PDT

This charity poker event is for the benefit of the Sta. Ana Hospital of Manila. We are trying to raise funds for medical equipment, particularly respiratory ventilators for the ICU ward.
Buy In: 2,500
Date: Aug 7, 2011
Time: 2pm – onwards
—————————————————————————————————————————————————–
-= Last One Standing =-
Poker Fund Raiser Event!
Aug. 7, 2011
Metro Card Club, Metrowalk Ortigas
2:00 pm … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/USD Extends Losses As Fresh EZ Debt Fears Weigh

Posted: 27 Jul 2011 04:12 AM PDT

Forexpros – The euro extended losses against the U.S. dollar on Wednesday, as the cost of insuring Italian and Spanish government debt against default rose, amid fears that the euro zone&rsquo;s bailout fund may be insufficient to prevent sovereign debt contagion.<br /><br />EUR/USD hit 1.4456 during European early afternoon trade, the daily low; the pair subsequently consolidated at 1.4472, shedding 0.25%.<br /><br />The pair was likely to find support at 1.4356, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Corn Futures Fall On Favorable U.S., China Weather

Posted: 27 Jul 2011 03:39 AM PDT

Forexpros – Corn futures edged lower on Wednesday, pulling back from four-day high as favorable weather in the U.S. and China eased concerns over global crop conditions. <br /><br />On the Chicago Mercantile Exchange, corn futures for September delivery traded at USD6.8612 a bushel during European morning trade, shedding 0.62%.&nbsp; <br /><br />It earlier fell as much as 0.75% to trade at a daily low of USD6.8562 a bushel.&nbsp; <br /><br />The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


First Philippine Holdings Corporation (FPH) Looks Technically Promising

Posted: 27 Jul 2011 03:27 AM PDT

First Philippine Holdings Corporation's (FPH) technical set-up looks very promising. A major upswing could be on the deck soon which could eventually push it to its consensus fair value of PHP 78.75.
In my entry last July 18, 2011 (please see my post here), I noted that FPH has a consensus fair value computation of about PHP 78.85 per share. And upon looking at its daily price movement since 2009, I noticed that it has been forming a huge inverted head and shoulders continuation pattern since … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


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