Monday, July 18, 2011

DailyMarkets.com - Earnings Preview: KeyCorp

DailyMarkets.com - Earnings Preview: KeyCorp

Earnings Preview: KeyCorp

Posted: 18 Jul 2011 09:55 AM PDT

KeyCorp (NYSE:KEY) is scheduled to report its second quarter 2011 results before the opening bell on Tuesday, July 19. The Zacks Consensus Estimates for the quarter is 20 cents per share, representing a year-over-year growth of nearly 235%.
We expect KeyCorp's business restructuring actions to continue fueling its credit quality, capital position and liquidity, although the company's results are likely to be affected by the volatile operating environment and added costs of complying with the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Preview: UnitedHealth

Posted: 18 Jul 2011 09:55 AM PDT

Health insurance industry bellwether, UnitedHealth Group Inc. (UNH), is slated to announce its second quarter 2011 results on July 19, 2011, before the opening bell. The current Zacks Consensus Estimate is 93 cents per share for the quarter, projecting a year-over-year decline of 5.64%.
With respect to earnings surprise, UnitedHealth has consistently outperformed the respective Zacks Consensus Estimates, over the trailing four quarters. The average earnings surprise was 29.17%, implying that … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

AngioDynamics Slips On Charges

Posted: 18 Jul 2011 09:35 AM PDT

Therapeutic and diagnostic devices maker AngioDynamics (NASDAQ:ANGO) posted fourth-quarter fiscal 2011 adjusted (excluding one-time charges) earnings of 11 cents per share, beating the Zacks Consensus Estimate by a penny.
However, the Queensbury, New York-based company turned in a loss in the fourth quarter hurt by $6.4 million in non-cash charges, partly associated with its discontinuation of a product that was being developed. AngioDynamics reported a loss of $752,000 (or 3 cents a share) in the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: EURUSD Breaks Above The Intraday Resistance, And The Bears Cover

Posted: 18 Jul 2011 09:15 AM PDT

Earnings Preview: F5 Networks

Posted: 18 Jul 2011 09:05 AM PDT

F5 Networks Inc. (NASDAQ:FFIV) is scheduled to announce its third quarter fiscal 2011 results on July 20, 2011, and we observe limited movements in analyst estimates.
Second Quarter Overview
F5 Networks delivered decent second quarter results, beating the Zacks Consensus Estimate on the bottom line. The quarter's earnings came in at 69 cents, up 64.3% from the year-ago quarter. However, revenue was in line with the Zacks Consensus Estimate.
F5 Networks reported second quarter revenues of $277.6 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Cubist Beats Estimates

Posted: 18 Jul 2011 09:05 AM PDT

Cubist Pharmaceuticals Inc.'s (NASDAQ:CBST) second quarter 2011 earnings (excluding special items but including stock-based compensation expense) of 51 cents per share surpassed the Zacks Consensus Estimate by 10 cents. Results in the quarter were helped by strong sales of its antibiotic injection, Cubicin (daptomycin). Cubicin is the sole marketed product at Cubist Pharma. Earnings however fell short of the year-ago adjusted earnings by 29%.
Revenue in the reported quarter climbed 5% to $176.8 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Who Cares Enough To Blink?

Posted: 18 Jul 2011 08:51 AM PDT

"And the king [Solomon] said, Bring me a sword. And they brought a sword before the king.
And the king said, Divide the living child in two, and give half to the one, and half to the other.
Then spake the woman whose the living child was unto the king, for her bowels yearned upon her son, and she said, O my lord, give her the living child, and in no wise slay it. But the other said, Let it be neither mine nor thine, but divide it.
Then the king answered and said, Give her the living child, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Starbucks Raises Storm In Coffee Cup

Posted: 18 Jul 2011 08:35 AM PDT

Starbucks Corporation (NASDAQ:SBUX) is preparing to storm China – a growing market for coffee by launching a joint venture in the south of the country that will give it control over the production and processing of coffee. The coffee giant signed a Memorandum of Understanding (MOU) with Ai Ni Group, a farming company in Yunnan province, to form a joint venture by the end of this year.
Starbucks revealed that the venture would purchase and export Arabica Yunnan coffee beans and operate dry mills. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Preview: Manpower

Posted: 18 Jul 2011 08:35 AM PDT

Manpower Group (NYSE:MAN), the global leader in the employment services industry, is scheduled to report its second-quarter 2011 financial results on Thursday, July 21, 2011.
The current Zacks Consensus Estimate for the quarter is 79 cents per share. For the quarter under review, revenue is $5,489 million, according to the Zacks Consensus Estimate.
First-Quarter 2011, a Synopsis  
Manpower posted better-than-expected first-quarter 2011 results on the heels of revenue growth across all regions … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Preview: Pepsico Inc.

Posted: 18 Jul 2011 08:35 AM PDT

Pepsico Inc. (NYSE:PEP), one of the world's leading manufacturers of foods, snacks, and carbonated and non-carbonated beverages, is scheduled to report its second-quarter and full year 2010 financial results on Thursday, July 21, 2011. The current Zacks Consensus Estimate for the quarter is $1.21 a share. The Zacks Consensus Estimate for revenues for the quarter in question is $16,338 million.
Third-Quarter 2010:  A Synopsis
Pepsico, which faces stiff competition from Coca Cola Company … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Preview: SWK

Posted: 18 Jul 2011 08:35 AM PDT

StanleyBlack & Decker (NYSE:SWK) is slated to release its financial results for the second quarter of the fiscal year 2011 on Monday, July 18, after the market closes. The current Zacks Consensus Estimate for earnings per share (EPS) is $1.27, which represents a negative annualized growth of 2.12%.
With respect to earnings surprises over the trailing four quarters, Stanley Black & Decker outperformed the Zacks Consensus Estimate in all four quarters. The average earnings surprise was a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

GBP/JPY Breaks Below 127.00 Signaling Downtrend Continuation; EW Count Update

Posted: 18 Jul 2011 08:23 AM PDT

Prev: GBP/JPY: Elliott Wave Count in Short and Medium Term – Double Zig Zag (7/13)
GBP/JPY

Correction Rally Complete; Breakout to the Downside:
- The GBP/JPY last week was defended well at the 61.8% retracement resistance near 128.00.
- After a period of consolidation, the pair broke below 127.00 today in an environment of risk-aversion.
- This break suggests a near-term retest of last week's lows, with the resumption of the bearish trend as a more aggressive outlook to the downside. The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: EURUSD Heads Back Toward Intraday Resistance

Posted: 18 Jul 2011 08:20 AM PDT

If the EURUSD is intent on the downside, the 1.4047 level will be eyed by traders. This level is the 38.2% of the NY high to low range and the 100 bar MA on the 5 minute chart.  The low in this recent fall could not extend passed the low for the day at 1.4013 (low reached 1.4018), so the market is still a bit mixed.  Staying below the 1.4047 level would give bears some additional confidence (on an intraday perspective at least) to believe in lower levels.  A move above and the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – Dollar, Yen, Swiss Franc Higher As Investors Flee Risk

Posted: 18 Jul 2011 08:12 AM PDT

Forexpros – The U.S. dollar was up against most of its major counterparts on Monday, as a lack of progress over raising the U.S. debt ceiling and lingering concerns over the euro zone&rsquo;s debt crisis saw risk aversion sharpen and boosted demand for safe-havens.&nbsp; <br />&nbsp;<br />During U.S. morning trade, the greenback was higher against the euro, with EUR/USD tumbling 0.87% to hit 1.4031.<br /><br />Spanish government bond yields rose to a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Gains For Treasuries Tempered By Earlier Slide In Yields

Posted: 18 Jul 2011 08:10 AM PDT

Investors sold into an early rally in U.S. government debt seemingly suspicious that lower yields were becoming increasingly reliant upon a worsening sovereign debt crisis on the far side of the Atlantic. A Eurozone stress test for its banking system failed to alleviate rising fears for the region’s lenders helping put equity benchmarks under added pressure as investors cut risker positions. Italian bond prices fell further sending the 10-year benchmark yield above 6% for the first time leading … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Preview: Harley-Davidson Inc.

Posted: 18 Jul 2011 08:05 AM PDT

Harley-Davidson Inc. (NYSE:HOG) is scheduled to release its second quarter 2011 results before the market opens on July 19, 2011. Milwaukee-Wisconsin based Harley-Davidson earned a profit of 51 cents per share in the first quarter, tad lower than the Zacks Consensus Estimate of 53 cents per share.
For the upcoming quarter, the Zacks Consensus Estimate for Harley-Davidson is pegged at a profit of 70 cents per share, which reflects an annualized improvement of 19%. The upside potential of the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Preview: Coca Cola

Posted: 18 Jul 2011 08:05 AM PDT

The Coca Cola Company (NYSE:KO) is slated to release its fiscal second-quarter 2011 results on Tuesday, July 19.
The Zacks Consensus Estimate for the company is $1.16 per share.
First Quarter Recap
Coca Cola reported first-quarter 2011 earnings per share of 86 cents, missing the Zacks Consensus Estimate by a penny. However, it was higher than the year-ago EPS of 69 cents by 24.63%.
Coca Cola's net revenues saw robust growth of 40% to $10,545 million from $7,525 million in the year-ago period. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Starbucks Raises Storm In Coffee Cup

Posted: 18 Jul 2011 08:05 AM PDT

Starbucks Corporation (NASDAQ:SBUX) is preparing to storm China – a growing market for coffee by launching a joint venture in the south of the country that will give it control over the production and processing of coffee. The coffee giant signed a Memorandum of Understanding (MOU) with Ai Ni Group, a farming company in Yunnan province, to form a joint venture by the end of this year.
Starbucks revealed that the venture would purchase and export Arabica Yunnan coffee beans and operate dry mills. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Word From The Floor: US Stocks Slide, Gold Soars To New Record

Posted: 18 Jul 2011 07:59 AM PDT

07/18/11 The major stock averages declined amidst ongoing US and Euro-zone debt concerns. Risk aversion led to safe-haven demand for … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Risk-Off Sentiment Dominates NY Morning, USD/CAD Slides On Weaker Oil, GBP/USD Breaks Down Through Support

Posted: 18 Jul 2011 07:57 AM PDT

Overnight's risk aversion in European markets has carried over into US equities.
The Dow Jones Index was off 130 points or 1%, and the S&P 500 was down 13.75 points also 1% in early trading. In Europe, the FTSE 100 was down 75 points or 1.28%, the DAX was off 107 points of 1.5%, the FTSE MIB (Italy) down 487 points or 2.67%, and the IBEX 35 IDX (Spain) was off 110 points of 1.16%.
We started the week with periphery yields blowing out yet again in Italy and Spain, as well as in the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Natural Gas Futures Ease Off 1-month High On Profit Taking

Posted: 18 Jul 2011 07:56 AM PDT

Forexpros – Natural gas futures declined for the first time in seven days on Monday, as investors cashed out of the market to lock in gains from a rally that took prices to a one-month high in the previous session. <br /><br />On the New York Mercantile Exchange, natural gas futures for August delivery traded at USD4.532 per million British thermal units during U.S. morning trade, shedding 0.48%.&nbsp;&nbsp;&nbsp;&nbsp; <br /><br />It earlier fell as … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: GBPUSD Breaks Below 100 Hour MA And Scoots Lower

Posted: 18 Jul 2011 07:50 AM PDT

The GBPUSD fell below the 100 hour MA (at 1.6065) , trendline (1.6055), 38.2% (1.60335) and then the 200 hour MA (at 1.6016). The market has slowed the decline at the 200 hour MA which currently comes in at  1.6016 level.   If the price cannot hold this level, the next target comes in at the 1.5985-89 area where the old trendline is found along with the 50% retracement of the last week trading range.
Looking at the 5 minute chart, the price decline was fast and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Drops To Fresh 3-day Low On U.S., EU Debt

Posted: 18 Jul 2011 07:37 AM PDT

Forexpros – The pound was down against the U.S. dollar for a second day on Monday, falling to a fresh three-day low amid a lack of progress over raising the U.S. debt ceiling and lingering concerns over the euro zone&rsquo;s debt crisis.&nbsp; <br /><br />GBP/USD hit 1.6008 during U.S. morning trade, the pair&rsquo;s lowest since July 13; the pair subsequently consolidated at 1.6015, dropping 0.74%.<br /><br />Cable was likely to find support at 1.5904, the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Crude Slips On Eurozone Debt Worries

Posted: 18 Jul 2011 07:30 AM PDT

07/18/11 Front month crude prices continued to slide this morning following growing concerns over the effect the eurozone debt crisis will have on … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Falls As Euro Zone Debt Fears Simmers

Posted: 18 Jul 2011 07:26 AM PDT

Forexpros – The euro was down against the U.S. dollar on Monday, sliding to a three-day low amid fears the region&rsquo;s debt crisis would worsen after Spanish and Italian bond yields surge to euro-lifetime highs. <br /><br />EUR/USD hit 1.4013 during U.S. morning trade, the pair&rsquo;s lowest since July 13; the pair subsequently consolidated at 1.4037, tumbling 0.83%.<br /><br />The pair was likely to find support at 1.3950, the low of July 13 and resistance … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: EURUSD Reverses Early Against Upside Resistance

Posted: 18 Jul 2011 07:23 AM PDT

The EURUSD has moved lower, having rejected the trendline and 100 hour MA resistance quite convincingly. The trendline on the hourly chart came in at the 1.4098 level. The 100 hour MA (blue line in the chart above) came in at 1.4106. The high reached 1.4094 before reversing lower.
The midpoint of last weeks trading range comes in at the 1.40588 level and I will eye as the barometer for bullish or bearish bias. Price above = bullish. Price below = bearish.
The next targets would be the low for … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Risk Tails Off Despite Looming Debt Deal

Posted: 18 Jul 2011 06:42 AM PDT

The safe haven currencies were the strongest performers in the pre-North American trade as the markets continued to collectively digest the results of Friday's European stress tests. The tests, administered by the European Banking Authority, showed that while only eight banks failed, sixteen additional institutions were at risk of failing as well. As such, market participants offered risk lower on Monday, with the commodity currencies and the European Euro sliding against the Japanese Yen, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Morning Market Brief

Posted: 18 Jul 2011 01:15 AM PDT

07/18/11 The latest in news, commentary, and information on what’s moving the US equities … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

GKN To Bolster Land Systems Division With Stromag Acquisition

Posted: 18 Jul 2011 01:18 AM PDT

GKN (LON:GKN), the engineering group, said this morning that it had signed an agreement with the shareholders of Germany's Stromag Holding GmbH to acquire the business. The move will bolster GKN's Land Systems division which was set up last summer to service customers in the off-highway market and pursue growth opportunities in high speed rail, renewable energy and defence.

Stromag is a market leading engineer of industrial power management components. Its main products include hydraulic … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Commodities 2011 Halftime Report

Posted: 17 Jul 2011 10:00 PM PDT

Commodities don't all perform in the same way. In any given year, a particular commodity will go gangbusters and outperform the group. However, that commodity will typically come back to Earth and underperform the following year or the year after that. This is why active management is important when investing in commodities. Active managers can benefit from rotating from winners to laggards or by investing in the companies which produce, farm or mine commodities most effectively.
After two … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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