DailyMarkets.com - SETAC Is Ahead Of Schedule

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• SETAC Is Ahead Of Schedule
• WESCO Beats, Raises Outlook
• Earnings Preview: Mylan Inc.
• Earnings Preview: Varian Medical
• Earnings Preview: Whole Foods
• HWAY EPS Misses, Keeps Guidance
• Hot Option Plays: Measuring Demand For Market Protection
• Forex – AUD/USD Up In U.S. Trade
• Earnings Preview: Nabors
• Conditional EU Approval For Fampyra
• Baker Beats On Overseas Operations
• Historical Insights From The TARP Bailout Vote Failure And The Market Crash In 2008
• Forex – EUR/CHF Down During The U.S. Session
• Israeli Central Bank Holds Interest Rate At 3.25%
• Long-term Bulls Eye Express Scripts Options…again
• Skyworks Beats Expectations
• Meridian Trails Ests, Slashes View
• Earnings Preview: Gilead
• Earnings Preview: Capella
• Lorillard Misses Estimates
• Turkish Central Bank Cuts Required Reserves
• Google Searches For “Buy A House” Trending Up

SETAC Is Ahead Of Schedule Posted: 25 Jul 2011 12:00 PM PDT Ken Nagy, CFA SETAC is Ahead of Schedule Silicom (SILC) engages in the design, manufacture, marketing, and support of connectivity solutions for a range of servers and server based systems. The firm has several growth engines including Information Technology's return to growth, the march to 10GB per second technology, a large and growing base of OEM customers includes most of the market-leading players, staged launch of new products, and a strong OEM business model which limits operating … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

WESCO Beats, Raises Outlook Posted: 25 Jul 2011 12:00 PM PDT WESCO International (NYSE:WCC) recently announced second quarter earnings that exceeded the Zacks consensus estimate by 7 cents, or 7.5%. Revenue WESCO reported revenue of $1.52 billion, which was up 6.5% sequentially and 21.1% year over year. The average revenue per employee was up 4.9% sequentially. Acquisitions and currency positively impacted revenue by 7.4% and 1.0%, respectively, netting a 12.7% organic growth from the year-ago quarter. Sequential comparisons were impacted by a 0.9% positive … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Preview: Mylan Inc. Posted: 25 Jul 2011 12:00 PM PDT Mylan Inc. (NYSE:MYL) is all set to announce its second quarter 2011 results before the opening bell on July 27, 2011. The Zacks Consensus Estimate for the second quarter of 2011 is 45 cents, representing a year-over-year estimated increase of 22.2%. The performance of Mylan has fluctuated over the last four quarters with the company meeting estimates in two of the past four quarters. The generic player surpassed the Zacks Consensus Estimate in the third quarter of 2010 and missed the estimates in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Preview: Varian Medical Posted: 25 Jul 2011 12:00 PM PDT Varian Medical Systems (NYSE:VAR) is slated to report its third-quarter fiscal 2011 results on Wednesday, July 27. The company had earlier forecast earnings per share in the range of 80 cents to 83 cents for the quarter. The current Zacks Consensus Estimate for the third quarter is 83 cents, representing an estimated year-over-year increase of 12.7%. Second Quarter Recap Second quarter earnings per share of 86 cents beat the Zacks Consensus Estimate by a penny. Revenues were up 11% year over year … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Preview: Whole Foods Posted: 25 Jul 2011 11:35 AM PDT Whole Foods Market Inc. (WFM), one of the leading natural and organic foods supermarkets, is scheduled to report its third-quarter 2011 financial results on July 27, 2011. The current Zacks Consensus Estimate for the quarter is 47 cents a share. For the quarter under review, revenue is $2,411 million, according to the Zacks Consensus Estimate. Second-Quarter 2011, a Synopsis Whole Foods Market posted better-than-expected second-quarter 2011 results on the back of strong sales as shoppers … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

HWAY EPS Misses, Keeps Guidance Posted: 25 Jul 2011 11:35 AM PDT Healthways (NASDAQ:HWAY) reported second-quarter fiscal 2011 earnings per share of 17 cents, missing the Zacks Consensus Estimate of 18 cents and also falling short of the year-ago earnings of 29 cents. Net income more than halved year over year to $5.8 million. Revenues Revenues came in at $169.6 million in the second quarter, down 3.4% year over year, narrowly beating the Zacks Consensus Estimate of $169 million. Margins Healthways' operating income dropped sharply 37.5% year over year to $13.4 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Hot Option Plays: Measuring Demand For Market Protection Posted: 25 Jul 2011 11:18 AM PDT Cusick’s Corner The sellers were out this morning and while the selling has tapered off, it still cannot be overlooked. Longs are looking like they are getting nervous, potentially taking some profits as the Debt debate continues and the Chinese are signaling some mixed data. Market players on the long side are going to start feeling the need to hedge and if that is the case, you may see a move in Volatility, VIX 19.22, and Put/Call ratios, .94, possibly causing an increase in the price of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – AUD/USD Up In U.S. Trade Posted: 25 Jul 2011 11:15 AM PDT Forexpros – The Australian Dollar was higher against the U.S. Dollar on Monday.<br/><br/> AUD/USD was trading at 1.0874, up 0.13% at time of writing.<br/><br/> The pair was likely to find support at 1.0695, Thursday&rsquo;s low, and resistance at 1.0877, today&rsquo;s high.<br/><br/> Meanwhile, the Australian Dollar was down against the Euro and the Japanese Yen, with EUR/AUD gaining 0.07% to hit 1.3236 and AUD/JPY falling 0.21% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Preview: Nabors Posted: 25 Jul 2011 11:05 AM PDT Global land drilling contractor  Nabors Industries Ltd. (NYSE:NBR) is expected to report its second quarter 2011 earnings on Tuesday, July 26, after the market closes. The Zacks Consensus Estimate for the second quarter is a profit of 25 cents per share, on revenue of $1,327 million. Preceding Quarter Recap Nabors reported marginally better-than-expected first quarter results on the back of strong North American onshore activity levels. Earnings per share from continuing operations (excluding … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Conditional EU Approval For Fampyra Posted: 25 Jul 2011 11:05 AM PDT Biogen Idec's (NASDAQ:BIIB) Fampyra (prolonged-release fampridine tablets) recently received conditional approval from the European Commission. Fampyra gained conditional approval for improving walking in adult patients with multiple sclerosis (MS) who have walking disability (Expanded Disability Status Scale 4-7). Fampyra has shown efficacy in people with all types of MS and can be used alone or in combination with disease modifying therapies, including immunomodulatory drugs. Conditional … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Baker Beats On Overseas Operations Posted: 25 Jul 2011 11:05 AM PDT Baker Hughes Inc. (NYSE:BHI) has posted an impressive second quarter of 2011, recording a year-over-year jump in per share profit on strong international operations. The company's earnings of 93 cents a share inched pasted the Zacks Consensus Estimates by 2 cents, but showed a dramatic improvement from 23 cents earning a year ago. Revenue shot up 41% to $4,741 million in the quarter from the year-earlier level of $3,374 million. The top line also exceeded the Zacks Consensus Estimate of $4,553 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Historical Insights From The TARP Bailout Vote Failure And The Market Crash In 2008 Posted: 25 Jul 2011 10:58 AM PDT Traders of today can learn lessons from historical events where Politics and the Stock Market collided – with negative results. Current Congressional gridlock is threatening another potential market crash via two separate but related events: The US Debt Ceiling Negotiations ahead of August 2nd and the "Big Three" Credit Agencies warning that the US may receive a downgrade as a result of failed negotiations or a too small solution. A full discussion of the current political and economical … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/CHF Down During The U.S. Session Posted: 25 Jul 2011 10:45 AM PDT Forexpros – The Euro was lower against the Swiss Franc on Monday.<br/><br/> EUR/CHF was trading at 1.1588, down 1.48% at time of writing.<br/><br/> The pair was likely to find support at 1.1519, today&rsquo;s low, and resistance at 1.1891, Friday&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the U.S. Dollar and down against the Japanese Yen, with EUR/USD gaining 0.13% to hit 1.4377 and EUR/JPY falling 0.23% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Israeli Central Bank Holds Interest Rate At 3.25% Posted: 25 Jul 2011 10:44 AM PDT The Bank of Israel maintained its benchmark interest rate steady at 3.25%.  The Bank noted: “Forecasters’ inflation expectations for the next twelve months remained steady at slightly below the upper limit of the target range.  Forecasters’ inflation expectations and those derived from the capital market go together with the assessment that the Bank of Israel will continue to increase the interest rate, but at a slower pace than in the first half of the year.”  The Bank … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Long-term Bulls Eye Express Scripts Options…again Posted: 25 Jul 2011 10:36 AM PDT Long-term bulls eye Express Scripts options…again Today's tickers: ESRX, RPTP, SKX & SLAB (RPTP) – Raptor Pharmaceutical Corp. – Options on the biotechnology company are far more active than usual this morning after the company said a phase 3 clinical trial of a delayed release version of its key drug to treat nephropathic cystinosis met the main goal of the trial. Shares in Raptor were positive in pre-market trade, but dropped as much as 44.0% at the start of the session to hit an … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Skyworks Beats Expectations Posted: 25 Jul 2011 10:35 AM PDT Skyworks Solutions, Inc. (NASDAQ:SWKS) reported revenues of $356.1 million, which surpassed management's guidance of $345 million. The reported figure includes $6.5 million of revenue from the acquisition of SiGe semiconductor (which closed on June 10, 2011). Excluding the SiGe contribution, revenue would’ve been $350 million, up 27% year-over-year organically. Skyworks posted a net income of $51.5 million or $0.27 per diluted share compared to a net income of $34.7 million or $0.19 per diluted … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Meridian Trails Ests, Slashes View Posted: 25 Jul 2011 10:35 AM PDT Diagnostic test kit maker Meridian Bioscience (NASDAQ:VIVO) reported third-quarter fiscal 2011 (ended June 30) earnings of 17 cents per share, missing the Zacks Consensus Estimate of 21 cents while edging past the year-ago earnings of 16 cents. Profit for the quarter rose 6.4% year over year to $6.8 million owing to a double-digit growth in sales. Revenues climbed 18.3% year over year to $40.1 million, boosted by healthy performance of the Cincinnati-based company's core U.S. Diagnostics business. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Preview: Gilead Posted: 25 Jul 2011 10:35 AM PDT Gilead Sciences Inc. (NASDAQ:GILD) is all set to announce its second quarter 2011 results on July 26, 2011 after the closing bell. The Zacks Consensus Estimate for the second quarter of 2011 is 96 cents, representing a year-over-year increase of 19%. Gilead has delivered mixed results over the last 4 quarters. The company has missed the Zacks Consensus Estimate twice and surpassed the estimate an equal number of times. The trailing four-quarter average is -2.45%. First Quarter 2011 Recap Gilead … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Preview: Capella Posted: 25 Jul 2011 10:35 AM PDT Capella Education Company (NASDAQ:CPLA), a provider of online education, is scheduled to report its second-quarter 2011 financial results on Tuesday, July 26, 2011. The current Zacks Consensus Estimate for the quarter is 90 cents a share. The Zacks Consensus estimates revenue at $107 million for the second quarter. First-Quarter 2011, a Synopsis On April 26, 2011, Capella delivered first-quarter 2011 results. The quarterly earnings of 97 cents a share beat the Zacks Consensus Estimate of 82 cents, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Lorillard Misses Estimates Posted: 25 Jul 2011 10:35 AM PDT Lorillard Inc. (NYSE:LO) reported results for the second quarter of fiscal 2011 with earnings of $1.91 per share, missing the Zacks Consensus Estimate of $2.02 per share. However, the results exceeded the prior-year earnings of $1.73 per share. The adjusted earnings in the second quarter of 2011 exclude the benefit of 14 cents owing to the share repurchase program of Lorillard, which also resulted in lower outstanding shares. Including the benefit of the share repurchase program, Lorillard posted … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Turkish Central Bank Cuts Required Reserves Posted: 25 Jul 2011 10:31 AM PDT The Central Bank of the Republic of Turkey dropped the required reserve ratio on 1-year foreign exchange deposits -100bps to 10% from 11%, and for deposits of up to 3-years -150bps to 10% from 11.5%, and for foreign exchange deposits longer than 3 years -200bps to 9% from 11%.  The moves come into effect from the 5th of August; the bank said the move would add liquidity of approximately 590 million to the market.  The Bank also suspended daily foreign exchange buying … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Google Searches For “Buy A House” Trending Up Posted: 25 Jul 2011 09:32 AM PDT The chart above shows the Google Trends online search volume for the term “buy a house” (for the U.S. only) back to 2007.  This was one of the “uncommon economic indicators” featured on a CNBC segment this morning featuring Nick Colas, Convergex Group Chief Market Strategist, who reported this as the most optimistic of the five uncommon indicators discussed.  Searches for the terms “buy a house” and “buy a home” are reaching post-crisis highs on Google Trends (see chart above), and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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