DailyMarkets.com - Earnings Scorecard: Hot Topic

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• Earnings Scorecard: Hot Topic
• Earnings Scorecard: Abercrombie
• Texas Roadhouse Sees Top-level Exit
• Raven Outpaces Estimates
• China Unicom Meets 3G Goal
• Forex – AUD/USD Up In U.S. Trade
• USD/CAD Attempting To Break Triangle To The Upside
• GameStop Balances Risk-Reward
• BP Azerbaijan Output Falls
• HCP To Compensate Ventas
• CSC Wins Canadian Immigration Deal
• Forex – NZD/USD Up During The U.S. Session
• Marathon Oil Cut To Underperform
• “The Market Has No More Safety Nets”
• Options Strategies Suggest Financial Stocks Headed Lower
• Accenture Wins Aussie EHR Deal
• Gold And Silver See Outside Bars Developing In Their Daily Charts
• Walter Energy Slips To Neutral
• Boeing Gets Chinook Contract
• European Markets Close Higher; Dax Up 1.07%
• Gap Explores New Market
• Western Union Expands In Africa
• Cisco To Acquire Axiom Systems
• Morgan Stanley To Redeem Notes
• Regal Beloit Closes EPC Acquisition
• Risk Appetite Revival Continues While Dollar Slide Extends

Earnings Scorecard: Hot Topic Posted: 23 Aug 2011 12:04 PM PDT On August 17, 2011, specialty retailer Hot Topic Inc. (NASDAQ:HOTT) announced financial results for the second quarter of fiscal 2011. Street analysts had more than a week to ponder on the news. In the paragraphs that follow, we cover the recent earnings announcement, subsequent analysts' estimate revisions as well as the Zacks Rank and long-term recommendation for the stock. Earnings Review Hot Topic reported second quarter fiscal 2011 net loss of 8 cents a share, in line with the Zacks Consensus … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Scorecard: Abercrombie Posted: 23 Aug 2011 12:04 PM PDT Recently, specialty retailer Abercrombie & Fitch Co. (NYSE:ANF) announced financial results for the second-quarter 2011. Street analysts had nearly a week to ponder on the news. In the paragraphs that follow, we cover the recent earnings announcement, subsequent analysts' estimate revisions as well as the Zacks Rank and long-term recommendation on the stock. Earnings Review Abercrombie & Fitch Co. registered earnings of 35 cents a share in the second quarter of fiscal 2011, comfortably … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Texas Roadhouse Sees Top-level Exit Posted: 23 Aug 2011 11:35 AM PDT Texas Roadhouse Inc. (NASDAQ:TXRH) recently announced that its chief executive officer (CEO) and president – G.J. Hart has resigned to pursue the same position at California Pizza Kitchen. Kent Taylor, who had served Texas Roadhouse as the CEO from May 2000 to October 2004, has stepped into the role. Prior to that, Taylor was the company's president since its inception in 1993. During his 10 years at Texas Roadhouse, Hart played a key role in developing the restaurant concept, mentoring the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Raven Outpaces Estimates Posted: 23 Aug 2011 11:35 AM PDT Raven Industries Inc. (NASDAQ:RAVN) delivered earnings of 68 cents per share in its fiscal second quarter 2012 ended July 31, 2011, comfortably exceeding the Zacks Consensus Estimate of 51 cents. Results surged 48% from 46 cents earned in the year-ago quarter. Net income improved 49% from the year ago quarter to $12.5 million in the second quarter of 2012. The improvement was primarily driven by the outperformance at Applied Technology supported by solid results at Aerostar. Operational Update Sales … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

China Unicom Meets 3G Goal Posted: 23 Aug 2011 11:35 AM PDT China’s second largest mobile operator China Unicom (NYSE:CHU) added 2.12 million subscribers in July, up 1.2% from the prior month. This takes the company's total customer base to 183.74 million. The company's GSM subscriber base expanded to 158 million with the net addition of 0.25 million customers, while its 3G subscriber base increased to 25.82 million with the net addition of 1.87 million in July. 3G subscriber addition was higher in July than 1.86 million in June. China Unicom is … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – AUD/USD Up In U.S. Trade Posted: 23 Aug 2011 11:15 AM PDT Forexpros – The Australian Dollar was higher against the U.S. Dollar on Tuesday after the release of U.S. data on New Home Sales.<br/><br/> AUD/USD was trading at 1.0474, up 0.62% at time of writing.<br/><br/> The pair was likely to find support at 1.0315, Friday&rsquo;s low, and resistance at 1.0556, Thursday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that new home sales in the U.S. fell more-than-expected to a seasonally … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

USD/CAD Attempting To Break Triangle To The Upside Posted: 23 Aug 2011 11:10 AM PDT Previous: Stalking USD/CAD's Correction at 61.8% Retracement (8/22) USD/CAD The USD/CAD was seen last time in a 3-wave correction. One of the scenarios presented was an ABC correction. However if the "C" wave did not exceed "A", we were going to anticipate a triangle, ABCDE structure. To be technical, it is a correction, but more specifically a congestion because a triangle represents lower highs, and higher lows. The triangle scenario materialized, and we are done with the E … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

GameStop Balances Risk-Reward Posted: 23 Aug 2011 11:04 AM PDT GameStop Corporation (NYSE:GME) is well positioned to take advantage of the growing market for video game products and PC entertainment software. The company's strategy is to grow through store expansions in favorable localities, by providing the largest title collection of video games and leveraging its first-to-market distribution network to offer the latest hardware and software releases. The company holds a significant position in the used video game products market. GameStop provides a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

BP Azerbaijan Output Falls Posted: 23 Aug 2011 11:04 AM PDT BP Plc (NYSE:BP) experienced a downfall in its first half 2011 production level in Azerbaijan. A drop in gas demand during summer as well as maintenance activities led to the production decline. The BP-led consortium Azerbaijan International Operation Company (AIOC) highlighted that its Chirag, Azeri and Guneshli (ACG) oilfields in the Caspian Sea produced 19.0 million tones (140.4 million barrels) of oil during the period January-June 2011, down 5.9% from the year-earlier level of 20.2 million … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

HCP To Compensate Ventas Posted: 23 Aug 2011 11:04 AM PDT The U.S. District Court for the western district of Kentucky has recently passed a directive to HCP Inc. (NYSE:HCP)  to immediately pay compensatory damages to the tune of approximately $102 million to Ventas Inc. (NYSE:VTR) to honor a 2009 jury verdict. The verdict relates to the lawsuit filed by Ventas regarding the 'Tortious Interference' by HCP with business expectation arising out of the former's acquisition of Sunrise Senior Living Inc. (NYSE:SRZ) in April 2007. 'Tortious … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

CSC Wins Canadian Immigration Deal Posted: 23 Aug 2011 10:50 AM PDT Virginia-based Computer Sciences Corp. (NYSE:CSC) recently inked a service agreement with Citizenship and Immigration Canada (CIC). The services will be provided by Computer Sciences' Canadian arm. The agreement is for two years and has two 1-year option tenures. Financial details of the deal were not disclosed. CIC is the department of the Canadian government that deals with immigration and citizenship. The department was established in 1994 following a reorganization within the federal … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – NZD/USD Up During The U.S. Session Posted: 23 Aug 2011 10:45 AM PDT Forexpros – The New Zealand Dollar was higher against the U.S. Dollar on Tuesday after the release of U.S. data on New Home Sales.<br/><br/> NZD/USD was trading at 0.8336, up 1.15% at time of writing.<br/><br/> The pair was likely to find support at 0.8163, Monday&rsquo;s low, and resistance at 0.8374, Thursday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that new home sales in the U.S. fell more-than-expected to a seasonally … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Marathon Oil Cut To Underperform Posted: 23 Aug 2011 10:35 AM PDT We have downgraded energy explorer Marathon Oil Corporation (NYSE:MRO) to Underperform from Neutral following the company's second quarter miss and the clouded post-split outlook. Houston, Texas-based Marathon Oil is a leading integrated oil and gas firm with extensive upstream operations. The company's business is organized into three segments – Exploration and Production (accounting for more than 80% of Marathon's total income), Oil Sands Mining, and Integrated Gas. In July 2011, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

“The Market Has No More Safety Nets” Posted: 23 Aug 2011 10:30 AM PDT 08/23/11 HudsonView Capital Management’s Cort Gwon discusses session gains in the equity markets and weighs in on recession … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Options Strategies Suggest Financial Stocks Headed Lower Posted: 23 Aug 2011 10:29 AM PDT Options strategies suggest financial stocks headed lower Today's tickers: JPM, GS, LVS & VSH (NYSE:JPM) – JPMorgan Chase & Co. – Shares in JPMorgan are on the rise today, trading up 0.90% to stand at $33.71 as of 11:15 am ET, but options trades on the banking institution suggest the rally is likely to be brief. Yesterday we noted the purchase of a sizable bearish put butterfly spread on JPM that may result in maximum potential profits should the stock cede 31% of its value come … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Accenture Wins Aussie EHR Deal Posted: 23 Aug 2011 10:20 AM PDT Technology outsourcing and consulting major Accenture plc (NYSE:ACN) recently won a system development contract from the Department of Health and Ageing in Australia. Financial details of the deal were not divulged. As per contract terms, Accenture will develop and implement an extensive health care system namely Personally Controlled Electronic Health Record (PCEHR). The system will cover all the Australian health care providers under one umbrella. The initiative is in keeping with the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Gold And Silver See Outside Bars Developing In Their Daily Charts Posted: 23 Aug 2011 10:20 AM PDT An outside bar is one where the high is higher than the previous, and the low is lower than the previous. This is not to be confused with the Japanese candlestick version called the engulfing candle, which requires the open to be above, and the close to be below the previous. Both signal a reversal developing. Gold (XAU/USD) The 4H chart for gold shows that the latest swing has ended at 1911.60, a record high, and exceeding a swing projection to 1900, and of course the 161.8% fibonacci … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Walter Energy Slips To Neutral Posted: 23 Aug 2011 10:15 AM PDT We recently downgraded our long-term investment rating on Walter Energy Inc. (NYSE:WLT) to Neutral, citing threats related to the moderation of the global steel markets, volatile commodity prices and cost escalations. Also, the company's recent quarter results failed to impress, impacted by geological and weather-related issues, which has caused us to move to the sidelines. Walter Energy's second quarter operating earnings of $2.36 per share were substantially short of the Zacks Consensus … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Boeing Gets Chinook Contract Posted: 23 Aug 2011 10:05 AM PDT The Boeing Company (NYSE:BA) has received a sizable contract from the UK Ministry of Defense ("MOD") worth $1.64 billion or 1 billion pounds Sterling to provide 14 new CH-47 Chinook helicopters and associated support to the Royal Air Force ("RAF") for the first five years. The CH-47 Mk-6 Chinook has a new, machined monolithic airframe with UK-specific avionics, forward-looking infrared radar, a rescue hoist, aircraft defensive systems, and interoperable communication and navigation … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

European Markets Close Higher; Dax Up 1.07% Posted: 23 Aug 2011 10:05 AM PDT Forexpros – European stocks were up after the closing bell on Tuesday.<br/><br/> At the close of European trade, Germany&rsquo;s DAX rose 1.07%, London&rsquo;s FTSE 100 gained 0.67%, France&rsquo;s CAC 40 climbed 1.08% and the EURO STOXX 50 was up 0.76%.<br/><br/> Earlier in the day, data showed that German ZEW economic sentiment fell more-than-expected to -37.6 last month, from -15.1 in the preceding month.<br/><br/> Analysts had expected … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Gap Explores New Market Posted: 23 Aug 2011 10:03 AM PDT San Francisco, California-based Gap Inc. (NYSE:GPS), intends to further expand its global presence by opening its first ever stores in Vietnam and Guam through its franchise channel. The company believes that both countries have tremendous growth opportunity as Vietnam’s economy is growing rapidly and Guam has a well established tourism industry. The stores will include a wide selection of apparels and accessories for men and women under its Gap, GapKids and babyGap and Banana Republic brands. Gap … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Western Union Expands In Africa Posted: 23 Aug 2011 10:03 AM PDT Global payment services provider Western Union Co. (NYSE:WU) has announced expansion of its global Agent network to Namibia via Magnet Bureau de Change. Western Union views the African markets as attractive with respect to growing demand for remittance. Between 1990 and 2010, reported remittance inflows to Africa quadrupled, reaching nearly $40 billion, equivalent to 2.6% of Africa's gross domestic product (GDP) in 2009. In order to capitalize on the huge remittance market, in April 2011, Kenyan … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Cisco To Acquire Axiom Systems Posted: 23 Aug 2011 10:03 AM PDT Cisco Systems, Inc. (NASDAQ:CSCO) has announced that it will acquire the service fulfillment software assets and integrate the associated employees of Axiom Systems, a United Kingdom subsidiary of the Finnish parent company Comptel Corp. Cisco will pay approximately $31 million in cash for the acquisition, which is expected to close in the third quarter of calendar year 2011 and is subject to standard closing conditions The deal will enable Cisco to extend its network and service management … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Morgan Stanley To Redeem Notes Posted: 23 Aug 2011 10:03 AM PDT On Monday,Morgan Stanley (NYSE:MS) announced the redemption of variable maturity notes due 2018 and 2023, having maturity values of $12 million and $2 million, respectively. The notes, having their maturity date on August 29, 2018, command a redemption price of 100% of the total amount. Morgan Stanley will start the redemption effective August 29, 2011. Furthermore, the variable notes with December 3, 2028 as maturity date has a redemption price of 100% of the total amount. The redemption of these … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Regal Beloit Closes EPC Acquisition Posted: 23 Aug 2011 10:03 AM PDT Regal Beloit Corporation (NYSE:RBC) has closed its previously announced acquisition of 100% of the stock and assets of Electrical Products Company (“EPC”) from A.O. Smith Corporation (NYSE:AOS) for approximately $875 million. The portion involving EPC's activities in China was escrowed pending administrative approvals, which are expected shortly. In order to get the consent of acquisition from the U.S. Department of Justice (DoJ), Regal Beloit agreed to divest its existing U.S. focused pool and spa … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Risk Appetite Revival Continues While Dollar Slide Extends Posted: 23 Aug 2011 05:00 AM PDT 08/23/11 The US dollar extended its losses this afternoon while risk appetite remained strong led my strong global PMI data and a weak US housing … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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