Thursday, July 21, 2011

DailyMarkets.com - Robert Half Triples Profits

DailyMarkets.com - Robert Half Triples Profits


Robert Half Triples Profits

Posted: 21 Jul 2011 09:50 AM PDT

Robert Half International Inc. (NYSE:RHI), a leading global staffing and risk consulting services provider, has reported solid second quarter earnings of $36.4 million or 25 cents a share, which tripled from $12.2 million or 8 cents a share in the year-earlier quarter. Earnings per share also exceeded the Zacks Consensus Estimate of 22 cents.
Profits were primarily driven by continued demand for professional staffing and consulting services. Further, each of the business segments of Robert Half … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


AmEx Outshines As Customers Splurge

Posted: 21 Jul 2011 09:50 AM PDT

Yesterday, American Express Company (NYSE:AXP), also known as AmEx, reported first quarter operating earnings of $1.07 per share, modestly ahead of the Zacks Consensus Estimate of 99 cents but substantially ahead of the year-ago quarter's 84 cents.
Meanwhile, net operating income increased 30% year over year to $1.3 billion from $1.02 billion in the year-ago period. Including income from discontinued operations of $36 million or 3 cents per share, AmEx reported a 32% rise in net income year over … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


AMAG To Merge With Allos

Posted: 21 Jul 2011 09:35 AM PDT

Lexington, Massachusetts (MA) based AMAG Pharmaceuticals (NASDAQ:AMAG) and Westminster, Colorado based Allos Therapeutics (NASDAQ:ALTH) have agreed to merge in an all stock deal that has a total equity value of $686 million.
The merger has been approved by the boards of both companies. Following the deal, AMAG shareholders will own approximately 61% of the combined company while Allos shareholders will own roughly 39%. The transaction is expected to close by the end of this year and will involve a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


RLI Corp. Surpasses Estimates

Posted: 21 Jul 2011 09:35 AM PDT

RLI Corp. (NYSE:RLI) reported second-quarter 2011 operating earnings of $1.91 per share, beating the Zacks Consensus Estimate by a substantial 86 cents. Operating earnings were 26% ahead of $1.52 earned in the year-ago period.
Operating earnings for the quarter were $40.8 million, up 27% year over year. The improvement over the prior-year quarter may primarily be attributed to lower expenses and better performance at the Casualty and Surety … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Safeway Beats Estimates

Posted: 21 Jul 2011 09:35 AM PDT

Safeway Inc. (NYSE:SWY) reported EPS of 41 cents during the second quarter of fiscal 2011, surpassing the Zacks Consensus Estimate of 39 cents and topping the year-ago earnings of 37 cents by 10.8%.
The company reported sales of $10.2 billion during the quarter, exceeding both the Zacks Consensus Estimate of $9.9 billion and the year-ago level of $9.5 billion.
Gross margin in the reported quarter plunged 155 basis points year over year to 26.99%. However, excluding the 104 basis-point impact from … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Terex Misses, Raises Outlook

Posted: 21 Jul 2011 09:05 AM PDT

Terex Corp. (NYSE:TEX) reported second quarter results delivering an EPS of 1 cent versus a loss of 12 cents per share.
The second quarter noted some special items including an after-tax gain of approximately $26 million, or 22 cents per share, on the sale of approximately 1.4 million shares of Bucyrus International, Inc. common stock and restructuring charges of approximately $33 million, or 29 cents per share, relating to the Cranes segment, where the company continues its cost reduction … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Goodrich Beats, Raises Outlook

Posted: 21 Jul 2011 09:05 AM PDT

Goodrich Corporation(NYSE:GR) announced strong second quarter 2011 results, including earnings of $1.38 per share that beat the  Zacks Consensus Estimate of $1.33.
The result also improved from $1.24 in the year-ago quarter.
The performance were driven by sales growth in all the major market channels of the company, especially general and commercial aftermarket sales.
Operational Statistics
Goodrich’s revenue in the reported quarter grew 17% year over year to slightly above $2 billion, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


PX Expands Capacity, Outlook Bright

Posted: 21 Jul 2011 08:50 AM PDT

Industrial gas supplier, Praxair Inc’s (NYSE:PX) German subsidiary, Praxair Deutschland, recently commenced operation at a new air separation plant with a daily capacity of 1,800 tons. The plant is located at the company’s Hurth complex in Germany and more than doubles the company's production capacity.
The capacity expansion positions Praxair well to meet the ever growing demand for gases in the region, while the new energy- efficient plant reduces production cost. 
Earlier in June, the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Intel Beats Again, Outlook Strong

Posted: 21 Jul 2011 08:50 AM PDT

Intel Corp (NASDAQ:INTC) reported first quarter earnings of 57 cents per share, which beat the Zacks Consensus Estimate by 6 cents. The surprise was driven by higher revenue and a lower tax rate.
Revenue
Intel reported revenue of $13.0 billion, which was within management's guidance of $12.8 billion (+/-$500 million). Revenue for the quarter increased 1.4% sequentially and 21.1% year over year. Revenue growth was driven by the data center and embedded businesses, as well as McAfee. PC client … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Ingersoll Rand Misses Zacks Estimate

Posted: 21 Jul 2011 08:50 AM PDT

Ingersoll-Rand Plc (NYSE:IR) posted net income of $307.5 million or 88 cents per share from continuing operations in the second quarter of fiscal 2010, compared with a net income of $240.3 million or 71 cents per share in the year-earlier quarter.
This result was in between management's EPS guidance range of 85 cents and 95 cents, but missed the Zacks Consensus Estimate of 94 cents. 
Sales gained 12% year over year to $3,892 million, in line with management's guidance of $3.85 billion – … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Concur Invests In Yapta

Posted: 21 Jul 2011 08:35 AM PDT

Washington-based Concur Technologies Inc. (NASDAQ:CNQR) recently announced a $5 million investment in a leading airfare tracking and hotel rate tracking services provider, Yapta.
The strategic investment allows Concur to gain access to Yapta’s airfare price tracking and price assurance services. The company aims at making Yapta’s price tracking technology available to its TripIt Pro users and enable them to achieve their deserving airfare savings.
Yapta’s technology, which has conducted billions of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Swiss Franc: The Downside Prevails

Posted: 21 Jul 2011 08:18 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: 21 Jul 2011 08:18 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: 21 Jul 2011 08:18 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: 21 Jul 2011 08:18 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: 21 Jul 2011 08:18 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: 21 Jul 2011 08:18 AM PDT

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


Forex Trading: EURUSD Support Now At 1.4360, 1.4347

Posted: 21 Jul 2011 08:16 AM PDT

The EURUSD has trended sharply higher today with shallow corrections.  When the market trends, I like to watch the 38.2% retracements of the "legs" higher to gauge the strength of  the move.  The first surge higher today had modest and short correction which tested the 100 day MA at the 1.4301 level briefly before surging higher.  This last leg to the upside which started at 1.4295 and has move to 1.4400 so far, has 1.43601 as the 38.2% correction level. If the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


JAKKS Pacific Beats By A Penny

Posted: 21 Jul 2011 08:05 AM PDT

JAKKS Pacific Inc. (NASDAQ:JAKK) has reported second quarter 2011 earnings of 16 cents per share, which was a penny ahead of the Zacks Consensus Estimate. The quarter's results showed an improvement from 11 cents recorded in the prior-year quarter.
The company reported a 7.0% year-over-year growth in revenues to generate $131.9 million. The quarterly revenue surpassed the Zacks Consensus Estimate of $129.0 million.
Selling, general and administrative expenses slipped 1.3% year over year to $30.6 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


AT&T Beats Ests, Subscribers Grow

Posted: 21 Jul 2011 08:05 AM PDT

AT&T Inc. (NYSE:T) announced second quarter 2011 adjusted earnings per share of 60 cents, a penny ahead of the Zacks Consensus Estimate and flat with year-ago earnings.
Healthy mobile broadband growth, strong smartphone sales and sequentially stable wireline revenues led to the better-than-expected results.
Revenue spiked 2.2% year over year to $31.5 billion and surpassed the Zacks Consensus Estimate of $31.3 billion. Operating income inched up 1.3% from the year-ago quarter to $6,165.0 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Kinder Morgan Misses Estimate

Posted: 21 Jul 2011 08:05 AM PDT

Kinder Morgan Energy Partners L.P. (NYSE:KMP) has reported second quarter 2011 earnings of 30 cents per limited partner unit (excluding certain items). The quarter's results came in below the Zacks Consensus Estimate of 40 cents and the year-ago earnings of 35 cents.
Revenue increased 2.9% to $2,019.3 million in the quarter from $1,961.5 million in the year-ago quarter.
Kinder Morgan increased its quarterly cash distribution per common unit to $1.15 ($4.60 annualized), representing a 6% … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Eli Lilly Misses OnEPS, Beats On Sales

Posted: 21 Jul 2011 08:05 AM PDT

Eli Lilly & Company (NYSE:LLY) reported second quarter adjusted earnings per share of $1.18, a penny below the Zacks Consensus Estimate and 6 cents below the year-ago earnings of $1.24.
Earnings were hurt by higher operating expenses, which more than offset the rise in revenues.
Second quarter revenues increased 9% to $6.3 billion, above the Zacks Consensus Revenue Estimate of $6.0 billion. Revenues were boosted by increased demand for Eli Lilly's major products. Exchange rates also … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Mixed Results For Badger Meter

Posted: 21 Jul 2011 08:05 AM PDT

Badger Meter Inc. (NYSE:BMI) reported its second quarter results delivering an EPS of 52 cents per share compared with a penny more in the previous-year quarter. This represents a decrease of 1.9%. The EPS also outperformed the Zacks Consensus Estimate of 46 cents.
Total revenue increased 1.2% on a year-over-year basis to $75.1 million in the quarter. Sales were mainly driven by increased sales of specialty products including Badger ORION radio transmitters for natural gas meters and Research … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Are EUR/USD Bulls Setting Up For Disappointment As It Nears Gartley Completion?

Posted: 21 Jul 2011 08:03 AM PDT

Prev: The Euro's Technical Setups Ahead of the EU Summit (7/20 Video)
EUR/USD

- After clearing 1.42-1.4220 area, the EUR/USD is now surging ahead of the EU summit. This shows a very strong optimism for some kind of resolution to the debt crisis, which Angela Merkel has been warning against.
- Nonetheless the price action shows that bulls are in charge. A rally towards 1.4450 was anticipated as a swing projection. Note that this is a pivot and a declining channel resistance seen in the daily … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Natural Gas Futures Fall To 4-day Low After U.S. EIA Data

Posted: 21 Jul 2011 07:52 AM PDT

Forexpros – Natural gas futures erased gains on Thursday, dropping to a four-day low following a report from the U.S. Energy Information Administration showing that natural gas inventories rose more than they did in the same week a year earlier.&nbsp;&nbsp;&nbsp; <br /><br />On the New York Mercantile Exchange, natural gas futures for August delivery traded at USD4.434 per million British thermal units during U.S. morning trade, tumbling … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Word From The Floor: Wall St. Higher On Earnings, EU Developments

Posted: 21 Jul 2011 07:49 AM PDT

07/21/11 US stocks gained on the latest earnings reports, mixed economic data, and the Euro_zone agreement on a new aid package to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – Dollar Tumbles On Euro Zone Debt Plan Proposal

Posted: 21 Jul 2011 07:43 AM PDT

Forexpros – The U.S. dollar turned lower against its major counterparts on Thursday, after European Union officials proposed a new bailout package for Greece, which will also reduce the debt loads of Portugal and Ireland.<br /><br />During early U.S. trade, the greenback was sharply lower against the euro, with EUR/USD jumping 1.20% to hit 1.4385.<br /><br />According to a draft outline of proposals emerging from a summit of EU leaders in Brussels, the euro zone would … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex Trading: EURUSD Moves To And Above The Next Resistance At 1.4387

Posted: 21 Jul 2011 07:33 AM PDT

The EURUSD has continued the move higher away from the 100 day MA (at 1.4301) and has tested and moved above the 50% of the move down from the May high. The momentum is being fueled by an S&P report that they see a 50% chance the US debt rating is likely to be downgraded in the next 3 months.   That coupled with the news out of the EU with regard to Greece (read article in the UK Daily … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Crude Above $98 On Weak Dollar

Posted: 21 Jul 2011 02:30 AM PDT

07/21/11 Following a weak dollar and a rise in jobless claims, front month crude prices were trading higher this … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – GBP/USD Jumps To 5-week High On Greece Deal Hopes

Posted: 21 Jul 2011 07:26 AM PDT

Forexpros – The pound jumped to a five-week high against the U.S. dollar on Thursday, as demand for riskier assets was boosted amid signs that European Union officials were moving closer to agreeing on a strategy to deal with Greece&rsquo;s debt problems.<br /><br />GBP/USD hit 1.6302 during early U.S. trade, the pair&rsquo;s highest since June 15; the pair subsequently consolidated at 1.6299, surging 0.90%.<br /><br />Cable was likely to find support at … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Gold Futures Decline On Euro Zone Plan

Posted: 21 Jul 2011 07:25 AM PDT

Forexpros – Gold futures were down on Thursday, falling below the USD1,600 an ounce level as optimism euro zone officials were nearing a deal on a second bailout package for Greece reduced the safe haven appeal of the precious metal.<br /><br />On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at USD1,595.45 a troy ounce during U.S. morning trade, edging 0.3% … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


GBP/USD In A Sling Shot And Channel Breakout To The Upside

Posted: 21 Jul 2011 07:19 AM PDT

Prev: After Failed Bearish Breakout GBP/USD Has 1.6415 in Sight (7/19)
GBP/USD

Sling Shot:
- The daily chart shows the market cross back above the 200SMA, then return to test it as support. The bullish price action following that is known as a slingshot, and a strong bullish indication.
- We can see in the 4H chart, that this a swing projection for the slingshot targets 1.6415.
Channel Breakout:
- The daily chart shows a large projected channel broken to the upside. Clearing this 1.63 would … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


TomCo Energy Re-joins AIM With Plans To Develop US Oil Shale Project

Posted: 21 Jul 2011 01:46 AM PDT

Oil exploration group Tomco Energy (LON:TOM) returned to the Alternative Investment Market this morning, nearly two years after cancelling its original listing. The re-admission follows a £3.5 million share placing and open offer earlier this month ahead of plans to try and breathe new life into an oil shale project in the US.

TomCo first made an appearance on AIM in late 2006 when chief executive and well known City investor, Thomas Komlosy, used the shell of stricken Netcentric Systems to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


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