Friday, August 12, 2011

DailyMarkets.com - Delphi Declares Share Buyback

DailyMarkets.com - Delphi Declares Share Buyback


Delphi Declares Share Buyback

Posted: 12 Aug 2011 10:05 AM PDT

Earlier during the week, Delphi Financial Group Inc. (DFG) announced a new $50 million share repurchase authorization, which will replace the existing authorization to buy back 1.0 million shares.
Delphi also announced regular quarterly dividend of 12 cents per share, which will be payable on August 31, to the shareholders of record as of August 17, 2011. During May, the company announced a 9% hike in quarterly dividend to 12 cents, marking a single cent increase from the previous quarter. With … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


JPMorgan To Expand In San Antonio

Posted: 12 Aug 2011 10:05 AM PDT

At the time when many banks are laying off employees and closing or divesting their branches, JPMorgan Chase & Co. (NYSE:JPM) is planning to expand in San Antonio by opening three branches and hiring about 475 full-time employees by the end of this year. With these growth plans, the company's headcount at San Antonio would be 4,900, while its branch count would total 48.
Giving out the details regarding this expansion plan, the spokesperson for JPMorgan in Houston stated that the three … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Clean Diesel Reports Second Quarter And Encouraging News On California And The London LEZ.

Posted: 12 Aug 2011 09:35 AM PDT

Ian Gilson, CFA
Clean Diesel reports Second Quarter and encouraging news on California and the London LEZ.

 On August 11, 2011 Clean Diesel (CDTI) announced its second quarter results. Revenue was $11.53 million, slightly below our estimate of $12 million. Gross profit margin of 29.75% was better than expected and above the 1Q12 level of 29.1% Operating expenses were higher than expected due to higher non-cash expenses, increases in personnel and higher R&D expenses as the company … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Earnings Scorecard: HP

Posted: 12 Aug 2011 09:35 AM PDT

Contract drilling services provider Helmerich & Payne Inc. (NYSE:HP) reported robust third quarter fiscal 2011 results on July 29 with both revenue and earnings per share (EPS) exceeding the Zacks Consensus Estimates.
Second Quarter Recap
The quarter's earnings of $1.00 per share beat the Zacks Consensus Estimate of 98 cents, attributable to strong contributions from most of its business units. The company generated revenue of $644.1 million, surpassing our projection by 1.6%
On a segmental … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Earnings Preview: Lowe’s

Posted: 12 Aug 2011 09:35 AM PDT

Lowe's Companies Inc. (NYSE:LOW) , the world’s second largest home improvement retailer, is scheduled to report its second-quarter 2011 financial results on Monday, August 15, 2011. The current Zacks Consensus Estimate for the quarter is 67 cents a share. For the quarter under review, revenue is $14,743 million, according to the Zacks Consensus Estimate.
First-Quarter 2011, a Synopsis
On May 16, 2011, Lowe's posted lower-than-expected first-quarter 2011 results, reflecting sluggish economic … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Nordstrom Beats, Raises Guidance

Posted: 12 Aug 2011 09:05 AM PDT

Nordstrom Inc. (NYSE:JWN) posted earnings growth of 21.2% to reach 80 cents a share in the second quarter of fiscal 2011 from 66 cents per share earned in the year-ago period. Earnings per share beat the Zacks Consensus Estimate of 73 cents a share. The strong quarterly performance was primarily driven by a double-digit growth in total revenue.
Quarterly Details
Nordstrom’s same-store sales and top-line trends were also encouraging. Total revenue grew 11.7% to $2,810.0 million from $2,515.0 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – Dollar Mixed In Early U.S. Trade

Posted: 12 Aug 2011 08:53 AM PDT

Forexpros – The U.S. dollar was mixed against its major counterparts Friday, as bleak consumer sentiment figures battled with data showing a rise in spending in the world&rsquo;s largest economy.<br /><br />In early U.S. trade, the greenback was higher against the euro, with EUR/USD falling 0.09% to hit 1.4229.<br /><br />Early Friday, a Census Bureau said that U.S. core retail sales rose to a seasonally adjusted 0.5%, from a revised figure of 0.2% in the previous … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


DeVry’s 4Q Beats Estimate, Gulps AUC

Posted: 12 Aug 2011 08:50 AM PDT

DeVry Inc. (NYSE:DV) a world leader in providing educational services, registered decent fourth quarter 2011 earnings of $1.08 per share that climbed by 9% from 99 cents posted in the year-ago period. Earnings also exceeded the Zacks Consensus Estimate of $1.03 by 4.85%. For the fiscal year the earnings increased 21% to $4.68 per share. The fiscal results also surpassed the Zacks estimate of $4.63 per share.
Management ascribed the strong performance to the company's commitment to academic … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/JPY Down Toward The End Of European Session

Posted: 12 Aug 2011 08:40 AM PDT

Forexpros – The U.S. Dollar was lower against the Japanese Yen on Friday after the release of U.S. data on Core Retail Sales.<br/><br/> USD/JPY was trading at 76.74, down 0.13% at time of writing.<br/><br/> The pair was likely to find support at 76.31, Thursday&rsquo;s low, and resistance at 78.34, Monday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that U.S. core retail sales rose more-than-expected to a seasonally adjusted 0.5% … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


CytRx Reports Second Quarter 2011 Financial Results

Posted: 12 Aug 2011 08:35 AM PDT

Grant Zeng, CFA
CytRx Reports Second Quarter 2011 Financial Results

On August 9, CytRx (CYTR) reported second quarter 2011 financial results.

Licensing revenue was $150,000 for the second quarter of 2011 and the Company did not report revenue for the second quarter of 2010.

Research and development (R&D) expenses were $1.9 million for the second quarter of 2011 and included development expenses for the Company's programs of $0.9 million for INNO-206, $0.1 million for bafetinib and $0.3 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – GBP/USD Up Toward The End Of European Session

Posted: 12 Aug 2011 08:25 AM PDT

Forexpros – The British Pound was higher against the U.S. Dollar on Friday after the release of U.S. data on Michigan Consumer Sentiment Index.<br/><br/> GBP/USD was trading at 1.6284, up 0.28% at time of writing.<br/><br/> The pair was likely to find support at 1.6112, Thursday&rsquo;s low, and resistance at 1.6471, Monday&rsquo;s high.<br/><br/> Earlier in the day, preliminary data showed that U.S. UoM consumer sentiment fell more-than-expected to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Bonds Rally As Consumer Confidence Sinks To 31-year Low

Posted: 12 Aug 2011 08:15 AM PDT

Heading towards the close of a memorable week, fixed income trading has settled down. On the one hand, the S&P downgrade triggered the most volatile market in a year and precipitated the sharpest decline for stocks in three-years. In part its move prompted the Fed to pull a new card from its sleeve as it declared at least a two-year freeze on interest rate policy. The drama also weakened investors’ appetite for fresh government debt culminating in a weaker expression of interest at … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Safeway Stays Neutral

Posted: 12 Aug 2011 08:05 AM PDT

We reiterate our Neutral recommendation on Safeway Inc. (NYSE:SWY) with a target price of $19.00.
Safeway reported an EPS of 41 cents in the second quarter of fiscal 2011, surpassing the Zacks Consensus Estimate of 39 cents and 10.8% higher than the year-ago figure of 37 cents. 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.
We note that the environment for the retail industry is … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Earnings Scorecard: Jones Lang

Posted: 12 Aug 2011 08:05 AM PDT

Jones Lang Lasalle Inc. (JLL) reported net income of $44 million or 99 cents per share in the second quarter of 2011, which compared favorably with $32 million or 72 cents per share delivered in the year-earlier quarter.
Adjusted net income stood at $50 million or $1.12 per share in the second quarter of 2011 versus $37 million or 83 cents per share in the prior-year quarter. Reported earnings surpassed the Zacks Consensus Estimate by two cents.
We cover below the results of the recent earnings … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/USD Down During The European Session

Posted: 12 Aug 2011 08:00 AM PDT

Forexpros – The Euro was lower against the U.S. Dollar on Friday after the release of U.S. data on Michigan Consumer Sentiment Index.<br/><br/> EUR/USD was trading at 1.4215, down 0.18% at time of writing.<br/><br/> The pair was likely to find support at 1.4105, Thursday&rsquo;s low, and resistance at 1.4401, Wednesday&rsquo;s high.<br/><br/> Earlier in the day, preliminary data showed that U.S. UoM consumer sentiment fell more-than-expected to a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – GBP/JPY Up In European Trading Hours

Posted: 12 Aug 2011 07:40 AM PDT

Forexpros – The British Pound was higher against the Japanese Yen on Friday after the release of U.S. data on Michigan Consumer Sentiment Index.<br/><br/> GBP/JPY was trading at 124.84, up 0.06% at time of writing.<br/><br/> The pair was likely to find support at 123.31, Wednesday&rsquo;s low, and resistance at 128.58, Monday&rsquo;s high.<br/><br/> Earlier in the day, preliminary data showed that U.S. UoM consumer sentiment fell more-than-expected … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


The Top 20 Political “Heavy Hitters” Lean Democrat

Posted: 12 Aug 2011 07:34 AM PDT

Top 20 Political Donors, 1989-2010

Rank
Organization
Total Donations, 1989-2010
Dem %
Rep %

1
ActBlue
$52,572,081
99%
0%

2
American Federation of State, County & Municipal Employees
$45,238,103
94%
1%

3
AT&T Inc
$41,314,444
45%
54%

4
National Assn of Realtors
$39,717,410
47%
49%

5
National Education Association
$36,312,895
81%
5%

6
Service Employees International Union
$36,043,789
77%
2%

7
American Assn for Justice
$33,983,671
89%
8%

8
Intl Brotherhood of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Word From The Floor: Stocks Pares Gains After Consumer Sentiment

Posted: 12 Aug 2011 07:20 AM PDT

08/12/11 US stocks opened higher on US retail sales and the temporary short-sell ban in Europe. August’s consumer sentiment fell below … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Crude Flat On Data And Eurozone Debt Concerns

Posted: 12 Aug 2011 02:15 AM PDT

08/12/11 Front month crude prices were mostly flat this morning as a rally in equities clashed with ongoing eurozone debt crisis … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Swiss Franc Continues Slide As Short-selling Ban Inspires Confidence

Posted: 12 Aug 2011 06:58 AM PDT

The Swiss Franc continued its slide as market participants were given a temporary shot of confidence following Thursday's short-selling ban on Belgian, French, Italian and Spanish equity markets. European equity markets rallied on the news, jumping by as much as four percent on some exchanges, though currency markets dictated other sentiment in the overnight.
Although the Franc continued its meteoric depreciation following poignant rhetoric on Thursday from Swiss National Bank Vice President … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Morning Market Brief

Posted: 12 Aug 2011 01:15 AM PDT

08/12/11 The latest in news, commentary, and information on what’s moving the US equities markets just before the NYSE opening bell including: imprvd retail sales and a ban on short-selling in some European … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


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