Wednesday, August 3, 2011

DailyMarkets.com - Forex – EUR/USD Gains In Early Asian Trade

DailyMarkets.com - Forex – EUR/USD Gains In Early Asian Trade


Forex – EUR/USD Gains In Early Asian Trade

Posted: 03 Aug 2011 05:03 PM PDT

Forexpros – The euro advanced against the U.S. dollar Wednesday, following the release of data showing a drop in service sector activity and lower factory orders in the U.S.<br /><br />EUR/USD hit 1.4321 during early Asian trade, the pair&rsquo;s lowest since July 30; the pair subsequently consolidated at 1.4348, rising 0.17%.<br /><br />The pair was likely to find support at 1.4321, the day&rsquo;s low, and resistance at 1.4374, Tuesday&rsquo;s high.<br … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/USD Up During The Asian Session

Posted: 03 Aug 2011 04:30 PM PDT

Forexpros – The Euro was higher against the U.S. Dollar on Wednesday.<br/><br/> EUR/USD was trading at 1.4352, up 0.20% at time of writing.<br/><br/> The pair was likely to find support at 1.4144, today&rsquo;s low, and resistance at 1.4453, Monday&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.17% to hit 0.8733 and EUR/JPY rising 0.33% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – Dollar Mixed In Early Asian Trade

Posted: 03 Aug 2011 04:26 PM PDT

Forexpros – The U.S. dollar was mixed against its major counterparts Wednesday, following a rebound on Wall Street and suggestions from the Federal Reserve that monetary stimulus for the U.S. economy was in the pipeline.<br /><br />In early Asian trade, the greenback was lower against the euro, with EUR/USD rising 0.17% to hit 1.4345.<br /><br />Stocks on Wall Street turned the corner on an eight-day skid, their longest since October 2008, posting gains on encouraging … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Itau Unibanco Profits In Q2

Posted: 03 Aug 2011 04:05 PM PDT

Brazil's Itau Unibanco Holding S.A. (ITUB) has reported second quarter 2011 net income of R$3.60 billion ($2.3 billion), which surpassed R$3.53 billion earned in the prior quarter and R$3.17 billion in the year-ago quarter. However, excluding non-recurring items, Itau Unibanco reported second quarter 2011 earnings of R$ 3.317 billion, down 8.8% sequentially but up 0.6% year over year.
The sequential decrease reflects increased provisions for loan losses and higher expenses. This was … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – NZD/USD Up

Posted: 03 Aug 2011 04:00 PM PDT

Forexpros – The New Zealand Dollar was higher against the U.S. Dollar on Wednesday after the release of N.Z. data on Unemployment Rate.<br/><br/> NZD/USD was trading at 0.8658, up 0.26% at time of writing.<br/><br/> The pair was likely to find support at 0.8577, today&rsquo;s low, and resistance at 0.8842, Monday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that The rate of unemployment in New Zealand remained unchanged at a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Mortgage Rates Slide To Historic Lows

Posted: 03 Aug 2011 03:57 PM PDT

08/03/11 Mortgage rates continued to decline, but the outlook for the housing market has yet to show signs of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


N.Z. Unemployment Rate Remains Unchanged

Posted: 03 Aug 2011 03:55 PM PDT

Forexpros – The rate of unemployment in New Zealand remained unchanged in the last quarter, official data showed on Wednesday.<br/><br/>In a report, Statistics New Zealand said that N.Z. unemployment rate remained unchanged at a seasonally adjusted 6.5%, from 6.5% in the preceding quarter whose figure was revised down from 6.6%.<br/><br/>Analysts had expected N.Z. unemployment rate to fall to 6.5% in the last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Loss Narrows At Alnylam

Posted: 03 Aug 2011 03:50 PM PDT

Alnylam Pharmaceuticals Inc.'s (NASDAQ:ALNY) second quarter 2011 loss of 33 cents per share was narrower than the Zacks Consensus Estimate of a loss of 37 cents per share and the year-ago loss of 35 cents per share. Lower operating expenses led to the narrower loss despite lukewarm revenues in the quarter.
Revenues for the reported quarter fell 22.6% from the prior year to $20.6 million. Revenues were however, slightly above the Zacks Consensus Estimate of $20 million.
Quarterly Details
Revenues … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Magellan Beats EPS, Misses Revenue

Posted: 03 Aug 2011 03:35 PM PDT

Pipeline operator Magellan Midstream Partners, L.P. (NYSE:MMP) announced better-than-expected second quarter 2011 profits, aided by contributions from recently-completed acquisitions and expansion projects.
The Tulsa, Oklahoma-based oil distributor reported earnings per unit (EPU) of 91 cents (excluding mark-to-market commodity-related pricing adjustments), surpassing the Zacks Consensus Estimate of 83 cents and the year-ago adjusted profit of 86 cents.
However, total revenues, at $383.3 million, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


XL Group Beats On Bottom Line

Posted: 03 Aug 2011 03:35 PM PDT

XL Group (NYSE:XL) reported its second-quarter 2011 operating profit of 75 cents per share, surpassing the Zacks Consensus Estimate of 48 cents.  Results compare favorably with 71 cents in the year ago quarter. Operating profit was $243 million, inching up 0.2% from $242 million in the prior-year quarter.
Select new business growth coupled with an increase in income from operating affiliates and positive prior year loss development, offset by larger natural catastrophe losses and other large … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Quanta Services Outperforms

Posted: 03 Aug 2011 03:35 PM PDT

Quanta Services Inc. (NYSE:PWR) released its second-quarter 2011 results before the opening bell today, reporting adjusted earnings per share of 19 cents, above the Zacks Consensus Estimate of 15 cents and 22 cents in the prior-year quarter.
Total Revenue
Total revenue for the quarter was $1.01 billion compared with $870.5 million in the prior-year quarter. The result for the quarter includes contribution from Valard acquisition, completed on October 25, 2010. Consolidated backlog at the end of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Allscripts Matches EPS, Beats Revs

Posted: 03 Aug 2011 03:35 PM PDT

Allscripts Healthcare Solutions (NASDAQ:MDRX), a leading player in the health care information technology ("HCIT") market, reported second quarter adjusted (excluding one-time items other than stock-based compensation expense) earnings per share of 19 cents matching the Zacks Consensus Estimate.
Reported net income for the quarter was $15.9 million (8 cents per share) compared with $13.1 million (9 cents per share) in the year-ago period, about 21.4% increase.
Revenues
Allscripts reported sales … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Stocks To Watch For Thursday

Posted: 03 Aug 2011 03:32 PM PDT

 ( click to enlarge )

InterDigital, Inc. (NASDAQ:IDCC) shares jumped 13.84% to $71.86 per share on a report that Samsung could jump into the bidding war for control of the company. Apple and Google are also potential bidders for the company. InterDigital has just a market cap of about $3.27 billion, and according to Bloomberg an acquisition could net more than $5 billion. From a technical perspective, the stock broke a bull flag higher today on heavy volume. IDCC has the opportunity to start … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


The Day Ahead: BoE And ECB Rate Decisions; US Data – Weekly Jobless Claims, Chain-store Sales; Earnings – AIG, GM, Kraft

Posted: 03 Aug 2011 10:20 AM PDT

08/03/11 The stories, data, and stocks that may have the greatest impact during the next trading … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Hot Option Plays: Memories

Posted: 03 Aug 2011 03:17 PM PDT

Cusick’s Corner
Will history repeat itself? The pullback yesterday and over the last 8 sessions brought back memories of 2000 and 2007, where we had large breakdowns, relief rally and then a continuation to the downside. So why am I not screaming the sky is falling? The current pullback is after a range bound market, but the depth of the pullback is not as big as the past drops that flagged the trend changing. I am watching the 1250 level on the S&Ps as the support that needs to be held at … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Liberty Global Reports Robust 2Q

Posted: 03 Aug 2011 03:05 PM PDT

Yesterday, after market close, Liberty Global Inc. (NASDAQ:LBTYA) declared solid financial results for the second quarter of 2011. Quarterly GAAP net loss was $347 million or $1.37 per share compared with a net loss of $736.6 million or $2.66 per share in the prior-year quarter.
However, the second quarter of 2011 adjusted (excluding special items) EPS of 52 cents was miles ahead of the Zacks Consensus Estimate of 26 cents.
Quarterly total revenue of $2,618.6 million was an improvement of 20.7% year … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Catalyst Health Performs Well

Posted: 03 Aug 2011 03:05 PM PDT

Catalyst Health Solutions Inc. (CHSI) reported second-quarter operating earnings of 53 cents per share, at par with the Zacks Consensus Estimate. The results compare favorably with earnings of 46 cents in the prior-year quarter.
Catalyst Health's operating earnings in the reported quarter excludes the impact of non-recurring items such as costs related to Walgreens Health Initiatives Inc. (“WHI”) acquisition and amortization of FutureScripts related intangible assets.
Including amortization … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


CEG Misses, Lowers Guidance

Posted: 03 Aug 2011 03:05 PM PDT

Before the bell, Constellation Energy Group Inc. (NYSE:CEG) reported its second quarter 2011 results. In the reported quarter, the company with adjusted earnings per share of 76 cents came in below the Zacks Consensus Estimate of 82 cents. However, results were ahead of year-ago earnings of 71 cents.
On a reported basis, including one-time items, earnings per share came in at 49 cents per share versus 36 cents in the year-ago quarter.
In the reported quarter the variance between reported and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Apollo To Acquire Carnegie Learning

Posted: 03 Aug 2011 03:05 PM PDT

One of the world’s largest private education providers, Apollo Group Inc. (NASDAQ:APOL), in streak to enhance students’ retention and graduation rates, has recently entered into an agreement to acquire Downtown based math curricula publisher, Carnegie Learning Plc.
The deal is valued at $96.5 million, of which $75.0 million will be paid for the acquisition of 100% stock of Carnegie Learning plc along with Cognitive Tutor math software. In a separate transaction, a sum of $21.5 million will be paid … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Amerisafe Misses, Expenses Up

Posted: 03 Aug 2011 03:05 PM PDT

Amerisafe Inc.'s (NASDAQ:AMSF) second-quarter operating earnings per share of 23 cents substantially lagged the Zacks Consensus Estimate of 38 cents and 53 cents reported in the prior-year quarter.
Operating income plummeted 56.4% year over year to $4.4 million. Including net realized gains of $0.15 million against $0.29 million in the year-ago period, net income for the reported quarter was $4.6 million or 24 cents per share, compared with $10.4 million or 54 cents in the prior-year … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Lexmark To Resume Share Buyback

Posted: 03 Aug 2011 02:35 PM PDT

After reporting an encouraging second quarter last week, Lexmark Inc. (NYSE:LXK) has now announced its intention to resume the share buyback program. In a conference call, the printing solution provider commented that it has managed to generate strong cash as well as maintain a superb liquidity position.
The re-initiation of the share repurchase program is indicative of management’s commentary and is a good way of encouraging investor confidence as it would return shareholder value.
The repurchase … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Unum Ahead Of Estimate, Guides 2011

Posted: 03 Aug 2011 02:35 PM PDT

Unum Group (NYSE:UNM) reported second-quarter operating income of 75 cents per share, higher than the Zacks Consensus Estimate of 72 cents. Results compare favorably with 69 cents earned in the prior-year period. Operating income was $232 million in the quarter, up 1.5% from $228.6 million in second-quarter 2010.
Strong results at Unum US, Unum UK and Colonial Life contributed to the better than expected results. Better operating and investment results coupled with share buyback also aided the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Spectra Beats EPS, Misses Revs

Posted: 03 Aug 2011 02:35 PM PDT

Premier natural gas company Spectra Energy Corp. (NYSE:SE) reported better-than-expected second-quarter 2011 results owing to expansion projects that led to higher commodity prices along with a stronger Canadian dollar.
Earnings per share from continuing operations were 42 cents in the reported quarter, fairly ahead of the Zacks Consensus Estimate of 40 cents and higher than the year-earlier profit of 27 cents.
The company reported operating revenues of $1,188 million, up 12% from the year-earlier … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Strong Q2 From ONEOK Partners

Posted: 03 Aug 2011 02:10 PM PDT

Following the recently completed 2-for-1 split, master limited partnership ONEOK Partners L.P. (NYSE:OKS) reported a whopping 81% year over year growth for the second quarter of 2011. The partnership's split-adjusted earnings for the quarter came in at 67 cents per unit compared to 37 cents earned in the year-ago quarter.
Earnings for the quarter also compared favorably with the Zacks Consensus Estimate of 52 cents, implying a positive surprise of 28.8%.
Operating Results
Total revenue of $2.8 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Accenture To Serve Pepco Holdings

Posted: 03 Aug 2011 02:07 PM PDT

Accenture plc (NYSE:ACN) recently won a technology consulting deal from Pepco Holdings Inc. (NYSE:POM), better known as PHI, which is a renowned utility company. Financial terms of the deal were not disclosed.
Per the deal terms, Accenture will offer its technology to set up an integrated Network Operations Center (NOC) for Pepco Holdings, one of the largest energy delivery companies in the mid-Atlantic region.
Accenture ensures support throughout the project period, starting from planning to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Revenues Rise At Alkermes

Posted: 03 Aug 2011 02:07 PM PDT

Alkermes Inc.'s (NASDAQ:ALKS) first quarter fiscal 2012 adjusted net loss of approximately $0.04 per share compared favorably with the year-ago loss of $0.14. The Zacks Consensus Estimate was a loss of $0.11 per share. The narrower year-over-year loss was attributable to higher revenues recorded in the reported quarter.
Quarterly Results
Total revenues for the reported quarter climbed 46.3% to $61.9 million. Revenues for the reported quarter surpassed the Zacks Consensus Estimate of $54 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


PEG Beats Top And Bottom Lines

Posted: 03 Aug 2011 02:07 PM PDT

Public Service Enterprise Group Inc. (NYSE:PEG) or PSEG, reported second quarter 2011 operating earnings per share of 59 cents, comfortably beating the Zacks Consensus Estimate by 4 cents. However, earnings came in lower than the year-ago figure of 63 cents.
In the reported quarter, GAAP EPS was 63 cents, up from 44 cents in the year-ago period. The variance between GAAP and operating earnings was due to a gain of 3 cents on a Nuclear Decommissioning Trust (''NDT'') Fund Related Activity … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Frontier Lags Estimates, Adds Users

Posted: 03 Aug 2011 02:07 PM PDT

Frontier Communications (NYSE:FTR), a provider of telecommunications services to rural areas, has reported lower-than-expected second quarter 2011 adjusted earnings per share. Not only did adjusted earnings of 6 cents miss the Zacks Consensus Estimate by a penny, it also deteriorated from the year-ago earnings 19 cents.
The decline was mainly due increased interest and income tax expenses, mostly offset by a higher operating income from the acquired properties.
Adjusted earnings excluded … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Closing Bell Market Monitor: CVX, HTZ, ABX

Posted: 03 Aug 2011 02:00 PM PDT

08/03/11 The latest in news, commentary, and information on what’s moved the US equities markets just after the ringing of the NYSE closing bell including a drop in ISM non-manufacturing data and another rise in gold … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/USD Up At The End Of U.S. Session

Posted: 03 Aug 2011 01:55 PM PDT

Forexpros – The Euro was higher against the U.S. Dollar on Wednesday after the release of U.S. data on ADP Nonfarm Employment Change.<br/><br/> EUR/USD was trading at 1.4320, up 0.82% at time of writing.<br/><br/> The pair was likely to find support at 1.4144, today&rsquo;s low, and resistance at 1.4453, Monday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that non-farm employment change in the U.S. rose more-than-expected to a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/JPY Down Toward The End Of U.S. Session

Posted: 03 Aug 2011 01:40 PM PDT

Forexpros – The U.S. Dollar was lower against the Japanese Yen on Wednesday after the release of U.S. data on ADP Nonfarm Employment Change.<br/><br/> USD/JPY was trading at 76.99, down 0.21% at time of writing.<br/><br/> The pair was likely to find support at 76.31, Monday&rsquo;s low, and resistance at 78.04, Monday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that non-farm employment change in the U.S. rose more-than-expected … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Comcast Posts Excellent 2Q 11

Posted: 03 Aug 2011 01:32 PM PDT

Comcast Corp. (NASDAQ:CMCSA) reported excellent second-quarter 2011 financial results, which exceeded the Zacks Consensus Estimate. This performance was the combined effect of higher broadband subscribers' addition and increased contribution from NBC Universal, of which Comcast acquired a controlling stake in January 2011.
Although the company continues to suffer huge video subscriber loss, it has actually declined 10.2% year over year.
EPS
GAAP net income for the second quarter of 2011 was $1,022 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


AGCO Guides Strong In 2Q

Posted: 03 Aug 2011 01:31 PM PDT

AGCO Corporation (AGCO) has reported fiscal 2011 second quarter results, delivering an EPS of $1.36 versus 66 cents in the year-earlier quarter. The quarter noted some special items, excluding which adjusted EPS amounted to $1.35 versus 66 cents in the year-ago quarter.
Total revenue in the reported quarter increased 35.3% year over year to $2.4 billion. Included in the sales was a currency translation impact of 12.9%, excluding which sales increased 22.4% in the quarter.
The EAME region … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Devon Excels On Volume Growth

Posted: 03 Aug 2011 01:31 PM PDT

Devon Energy Corp. (NYSE:DVN) reported second-quarter 2011 adjusted EPS of $1.71, which was above the Zacks Consensus Estimate of $1.56. On a GAAP basis, the company reported an EPS of $6.48 significantly above the year-ago quarter EPS of $1.59, including a one-time gain on the sale of assets in Brazil.
Operating Results
Devon's quarterly revenue of $3.2 billion ran past the Zacks Consensus Estimate of $2.4 billion and the year-ago revenue of $2.2 billion. The robust revenue in the quarter is … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Calgon Carbon Misses Estimates

Posted: 03 Aug 2011 01:31 PM PDT

Calgon Carbon Corporation (NYSE:CCC) reported a profit of 20 cents per share in the first quarter of 2011 compared with 5 cents in the year-ago quarter. Reported earnings missed the Zacks Consensus Estimate by a penny.
Revenues
Sales in the quarter increased 9.5% to $135.3 million missing the Zacks Consensus Estimate of $138 million. Currency translation had a positive impact of $6.6 million on sales for the second quarter due to the weak dollar. Calgon Carbon's performance for the quarter was … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/USD Up Toward The End Of U.S. Session

Posted: 03 Aug 2011 01:25 PM PDT

Forexpros – The Euro was higher against the U.S. Dollar on Wednesday after the release of U.S. data on ADP Nonfarm Employment Change.<br/><br/> EUR/USD was trading at 1.4317, up 0.79% at time of writing.<br/><br/> The pair was likely to find support at 1.4144, today&rsquo;s low, and resistance at 1.4453, Monday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that non-farm employment change in the U.S. rose more-than-expected to a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


U.S. Markets Close Higher; Dow Jones Up 0.25%

Posted: 03 Aug 2011 01:15 PM PDT

Forexpros – U.S. stocks were up after the closing bell on Wednesday.<br/><br/> At the close of U.S. trade, the Dow Jones Industrial Average rose 0.25%, the S&P 500 index gained 0.50%, while the Nasdaq 100 index climbed 0.72%.<br/><br/> Earlier in the day, official data showed that non-farm employment change in the U.S. rose more-than-expected to a seasonally adjusted 114K last month, from 145K in the preceding month whose figure was revised down from … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Q2 Results: Big Beat On Revenue

Posted: 03 Aug 2011 01:13 PM PDT

Brian Marckx, CFA

Q2 2011 Financial Results:  Big Beat on the Top Line.  Revenue Guidance Raised…

Revenue
Zynex Inc. (ZYXI) reported financial results for the second quarter ending June 30, 2011 on August 3, 2011.  Revenue of $8.4 million crushed our $7.2 million estimate by almost 17% and represented growth of 46% y-o-y and 27% sequentially.

The $8.4 million in total revenue consisted of $2.5MM (+5%) in rental revenue and $5.9 million (+75%) in product sales.  Rental … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


CACI Strengthens Cybersecurity

Posted: 03 Aug 2011 01:13 PM PDT

In an effort to enhance cybersecurity capabilities, CACI International (CACI) recently signed a definitive agreement to acquire Paradigm Holdings Inc., the parent of Paradigm Solutions Corporation. The financial details of the contract were not disclosed.
Headquartered in Rockville, Maryland, Paradigm Holdings provides cybersecurity and enterprise IT solutions to federal civilian agencies, the Defense Department and the intelligence community.
Having 185 employees with strong credentials, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


CenturyLink Disappoints On High D&A

Posted: 03 Aug 2011 01:13 PM PDT

Before the opening bell, the third-largest U.S. landline operator CenturyLink Inc. (NYSE:CTL), has reported second quarter adjusted earnings of 44 cents per share, which came nowhere near the Zacks Consensus Estimate of 66 cents. Adjusted earnings dropped a drastic 50% from the year-ago earnings of 88 cents.
Higher-than-expected depreciation and amortization (D&A) expenses of 20 cents per share related to the Qwest acquisition completed on April 1, was responsible for the lackluster … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


DuPont Increases Product Prices

Posted: 03 Aug 2011 01:13 PM PDT

EI DuPont de Nemours & Co. (NYSE:DD) has announced price increases for all DuPont Ti-Pure titanium dioxide (TiO2) grades sold in North America (United States and Canada) by 10 cents per pound, effective August 15, 2011.
DuPont reported an increase in profit of $1.22 billion or $1.37 per share in the second quarter of 2011 versus $1.16 billion or $1.17 per share in the same quarter of 2010. The profit exceeded the Zacks Consensus Estimate by 4 cents per share.
The improvement in profit was … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – GBP/USD Up During The U.S. Session

Posted: 03 Aug 2011 12:55 PM PDT

Forexpros – The British Pound was higher against the U.S. Dollar on Wednesday after the release of U.S. data on ADP Nonfarm Employment Change.<br/><br/> GBP/USD was trading at 1.6422, up 0.76% at time of writing.<br/><br/> The pair was likely to find support at 1.6225, Tuesday&rsquo;s low, and resistance at 1.6476, Monday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that non-farm employment change in the U.S. rose … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Peet’s Beats, Earnings Up 23%

Posted: 03 Aug 2011 12:50 PM PDT

Peet’s Coffee & Tea Inc. (NASDAQ:PEET) reported second quarter 2011 diluted earnings per share of 38 cents, up 23% versus 2010 proforma diluted earnings per share of 31 cents. It also surpassed the Zacks Consensus Estimate of 32 cents by 18.75%.
The company Expects 2011 full-year diluted earnings per share to be toward the higher end of the previous guidance range of $1.43 to $1.50.
Revenues and Operating Profits
Net revenue climbed 12% to $90.6 million from $80.8 million for the corresponding … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Allergan Beats, Revisits Guidance

Posted: 03 Aug 2011 12:50 PM PDT

Allergan, Inc.'s (NYSE:AGN) second quarter 2011 earnings of 96 cents per share inched ahead of the Zacks Consensus Estimate by a penny and surpassed the company's guidance range of 93 – 95 cents. Earnings increased 12.9% from the year-ago quarter.
Revenues
Revenues increased 13.6% to $1,417.2 million, easily exceeding the Zacks Consensus Estimate of $1,339 million.
Specialty pharmaceuticals sales increased 14.0% to $1,155.3 million, with eye care pharmaceutical sales increasing 13.8%. Strong … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Marsh & McLennan Outshines

Posted: 03 Aug 2011 12:50 PM PDT

Marsh & McLennan Companies Inc. (NYSE:MMC) reported its second quarter operating earnings of 50 cents per share, a couple higher than the Zacks Consensus Estimate of 48 cents but significantly higher than loss of 6 cents per share reported in the year-ago quarter.
Adjusted operating earnings, which exclude one-time items in both the periods, spiked to $286 million from an operating loss of $29 million.
With the steady recovery in the economic environment, Marsh & McLennan posted improved … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


ICE Getting Firmer

Posted: 03 Aug 2011 12:50 PM PDT

IntercontinentalExchange Inc.'s (NYSE:ICE) second quarter operating earnings of $1.69 per share were substantially ahead of the Zacks Consensus Estimate of $1.60 per share and $1.51 per share reported in the year-ago period.
Excluding certain acquisition-related costs, net operating income of $125.1 million jumped 10.6% year over year in the reported quarter. Net income attributable to shareholders was $121.4 million or $1.65 per share, compared with $101.7 million or $1.36 per share in the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Lincoln National Profits Up

Posted: 03 Aug 2011 12:50 PM PDT

Lincoln National Corporation's (NYSE:LNC) second quarter operating earnings of $1.09 per share came in substantially ahead of the Zacks Consensus Estimate of 94 cents and 86 cents recorded in the prior-year quarter. Meanwhile, operating income surged 20.2% year over year to $348.8 million.
Conversely, net income for the reported quarter, available to common shareholders, was $324.4 million or $1.01 per share compared with $104.4 million or 33 cents per share in the year-ago quarter. GAAP net … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Time Warner Beats Estimate

Posted: 03 Aug 2011 12:50 PM PDT

Time Warner Inc. (NYSE:TWX), the diversified media conglomerate, recently posted better-than-expected second-quarter 2011 results. The quarterly earnings of 60 cents a share beat the Zacks Consensus Estimate of 56 cents, and jumped 20% from 50 cents earned in the prior-year quarter on the heels of higher advertising demand.
On a reported basis, including one-time items, earnings came in at 59 cents a share, up 20.4% from 49 cents delivered in the year-ago quarter. Time Warner now projects, at … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Vulcan’s EPS Beats, Loss Narrows

Posted: 03 Aug 2011 12:50 PM PDT

Vulcan Materials Company (NYSE:VMC) reported a loss of $7 million or 5 cents per share from continuing operations in the second quarter of 2011, much narrower than a loss of $23 million or 18 cents per share in the prior-year quarter.
The reported quarter included charges of 12 cents per share associated with the company's tender offer and debt retirement in June. On the other hand, the year-ago quarter included charges of 21 cents per share related to a lawsuit settled with the Illinois … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


ValueClick Beats Estimates

Posted: 03 Aug 2011 12:50 PM PDT

ValueClick Inc. (NASDAQ:VCLK) reported second quarter 2011 earnings (including stock-based compensation but excluding amortization of intangibles) of 26 cents per share, handily beating the Zacks Consensus Estimate of 21 cents per share. Reported earnings also rose 44.4% from 18 cents in the prior-year quarter.
Earnings on a non-GAAP basis (excluding amortization of intangibles and stock-based compensation expense) came in at 22 cents per share, well above management's guided range of 19 cents to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Higher Revenues At Shire

Posted: 03 Aug 2011 12:50 PM PDT

Shire's (NASDAQ:SHPGY) second quarter 2011 earnings (excluding special items) of $1.33 per American Depositary Share surpassed the year-ago earnings by $0.30. Earnings were boosted by higher revenues. The Zacks Consensus Estimate was $1.25.
Quarter in Detail
Quarterly revenues increased 25% to $1,063 million, well above the Zacks Consensus Estimate of $984 million. Increased product sales helped boost revenues. The rise in product sales more than offset the decline in royalties received during the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


New Retro Government Policy, How Nostalgic

Posted: 03 Aug 2011 12:36 PM PDT

Alex Tabarrok at Marginal Revolution points to this item at the American Economic Association website:
Announcement:
Job Openings for Economists (JOE) has been published only electronically for the past decade. Starting with the August 2011 issue, JOE will resume publishing in print format to ensure compliance with U.S. Department of Labor regulations for obtaining work visas for non-citizen economists. Print issues will be distributed via the U.S. Postal System two to three weeks after they … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Disappointing Quarter From Cephalon

Posted: 03 Aug 2011 12:35 PM PDT

Cephalon Inc. (NASDAQ:CEPH) delivered second quarter earnings of $1.62 per share, missing the Zacks Consensus Estimate of $2.08 by a huge margin. Earnings fell 21% from the year-ago period. Second quarter revenues, which increased 1.6% to $738.3 million, were way below the Zacks Consensus Estimate of $765 million.
The Quarter in Detail
Second quarter revenues consisted of $730.1 million in product sales (up 2.5%) and $8.2 million in other revenues. Central nervous system (CNS) franchise sales, which … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Clorox Posts Upbeat 4Q

Posted: 03 Aug 2011 12:35 PM PDT

Clorox Corporation (NYSE:CLX) posted outstanding fourth-quarter fiscal 2011 earnings of $1.26 per share compared with $1.05 per share in the year-ago quarter. Reported quarter earnings beat the Zacks Consensus Estimate of $1.19 per share. Higher sales, a lower tax rate and share repurchases by the company led to the earnings rise.
Clorox's net sales during the quarter gained 4.0% year over year to $1,482 million from $1,429 million in the year-ago quarter. Total revenue beat the Zacks Consensus … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


MasterCard Sustains Outperformance

Posted: 03 Aug 2011 12:35 PM PDT

MasterCard Inc.'s (NYSE:MA) second-quarter operating earnings per share of $4.76 came in drastically ahead of the Zacks Consensus Estimate of $4.20 and $3.50 in the year-ago quarter. Net income for the reported quarter was $608 million, up 32.8% from $458 million in the prior-year quarter.
Results for the reported quarter improved over the prior-year quarter primarily due to better pricing, an increased number of processed transactions, strong gross dollar value (GDV) growth and a lower tax rate … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


R.R. Donnelley Beats On Bottom-Line

Posted: 03 Aug 2011 12:35 PM PDT

R.R. Donnelley & Sons Co. (NYSE:RRD) reported earnings per share (EPS) of 53 cents in the second quarter of 2011, which made it past the Zacks Consensus Estimate by 2 cents.
Operating Performance
EPS on a non-GAAP basis increased 12.8% on a year-over-year basis and excludes restructuring and impairment charges and acquisition expenses.
Net income came in at $105.6 million, up from $99.5 million in the prior-year quarter. Net income margin declined 11 basis points (bps) to 4.02% in the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


ADP Sees 114K New Jobs

Posted: 03 Aug 2011 12:35 PM PDT

The Automatic Data Processing (NYSE:ADP) employment survey was stronger than expected in July. It shows that private sector employment rose by 114,000,  above consensus expectations for a 100,000 increase.

However, last month, the ADP numbers were far too optimistic, and showed a gain of 157,000 private sector jobs. The hopes that were raised by those numbers were dashed a few days later when the BLS reported that only 57,000 private sector jobs were created. ADP revised its June numbers in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Earnings Preview: Cardinal Health

Posted: 03 Aug 2011 12:35 PM PDT

Cardinal Health (NYSE:CAH) is slated to report fourth-quarter and fiscal 2011 results on Thursday, August 4. The current Zacks Consensus Estimate for the fourth quarter is 58 cents, representing an estimated 16.82% year-over-year hike.
Third Quarter Recap
Total revenues were $26.1 billion in the reported quarter, up about 7% year over year, beating the Zacks Consensus Estimate of $25.6 billion.
The Pharmaceutical segment reported third-quarter revenues of $23.8 billion, up approximately 7% year … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


ONEOK Inc. Lags, Revisits Guidance

Posted: 03 Aug 2011 12:35 PM PDT

ONEOK Inc. (NYSE:OKE) reported earnings of 51 cents per share, up from 39 cents per share in the year-ago quarter. However, the quarterly results lagged the Zacks Consensus Estimate of 55 cents per share.
The year-over-year growth was propelled by a solid performance from the ONEOK Partner segment, which benefited from a robust natural gas liquids (NGL) business that almost doubled over the prior year.
Total Revenue
Net revenues in the quarter shot up 25.2% to $3.51 billion from $2.81 billion … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/CHF Up In U.S. Trading Hours

Posted: 03 Aug 2011 12:30 PM PDT

Forexpros – The U.S. Dollar was higher against the Swiss Franc on Wednesday after the release of U.S. data on ADP Nonfarm Employment Change.<br/><br/> USD/CHF was trading at 0.7683, up 0.79% at time of writing.<br/><br/> The pair was likely to find support at 0.7610, Tuesday&rsquo;s low, and resistance at 0.8032, Friday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that non-farm employment change in the U.S. rose … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


08/03 FX Options Report

Posted: 03 Aug 2011 12:10 PM PDT

The USD fell against the EUR and JPY, but gained vs. the commodity currencies. The CHF came off recent highs as the SNB cut interest … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/CAD Up In U.S. Trade

Posted: 03 Aug 2011 12:10 PM PDT

Forexpros – The U.S. Dollar was higher against the Canadian Dollar on Wednesday after the release of U.S. data on ADP Nonfarm Employment Change.<br/><br/> USD/CAD was trading at 0.9628, up 0.15% at time of writing.<br/><br/> The pair was likely to find support at 0.9492, Monday&rsquo;s low, and resistance at 0.9647, today&rsquo;s high.<br/><br/> Earlier in the day, official data showed that non-farm employment change in the U.S. rose … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


The Technicians S&P500 Technical Outlook

Posted: 03 Aug 2011 12:06 PM PDT

The following article is an update on the current technical position of the marketplace as I see it. Obviously the price action this week has been ugly as the situation in Europe has become front and center in the minds of traders and market prognosticators. The information below is an adaptation of what members of my service at OptionsTradingSignals.com received early today.
The S&P 500 sold off sharply earlier this morning and has since bounced higher. Price is drifting lower as I write … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Cepheid Upgraded To Outperform

Posted: 03 Aug 2011 12:05 PM PDT

Recently, we upgraded Cepheid (NASDAQ:CPHD) to Outperform with a target price of $44.00.
Cepheid reported an EPS of 3 cents during the second quarter of fiscal 2011 compared to the loss of 3 cents in the year-ago period and the Zacks Consensus Estimate of a 2 cent loss. Revenues during the reported quarter increased 31% to $63.6 million, beating the Zacks Consensus Estimate of $61 million. The upside was driven by a 42% growth in Clinical segment attributable to strong sales of reagents and systems. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Big 5 Beats EPS, Misses Top Line

Posted: 03 Aug 2011 12:05 PM PDT

Big 5 Sporting Goods Corp. (NASDAQ:BGFV) reported second quarter 2011 earnings per share of 16 cents, beating the Zacks Consensus Estimate of 10 cents a share but trailing 27.3% from 22 cents per share reported in the same quarter last year. Earnings including impairment charges came in at 14 cents a share
Quarter in Detail
Net sales came in at $219.6 million in the second quarter compared with $219.8 million in the year-earlier period. Sales failed to beat the Zacks Consensus Estimate of $235 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/USD Up In U.S. Trading Hours

Posted: 03 Aug 2011 11:45 AM PDT

Forexpros – The Euro was higher against the U.S. Dollar on Wednesday after the release of U.S. data on ADP Nonfarm Employment Change.<br/><br/> EUR/USD was trading at 1.4309, up 0.74% at time of writing.<br/><br/> The pair was likely to find support at 1.4144, today&rsquo;s low, and resistance at 1.4453, Monday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that non-farm employment change in the U.S. rose more-than-expected to a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


AUD/USD In A Short-term Double Bottom Attempt But Still Has 1.0440 In Sight

Posted: 03 Aug 2011 11:37 AM PDT

Prev: AUD/USD Forms Another Double Top; 1.0790 is Critical Support (8/2)
AUD/USD

Double Bottom Attempt:
- AUD/USD is currently in a double bottom attempt. There is support at the 1.0670-1.0680 area. The resistance is the recently broken pivot at 1.0790. A break above 1.0790 completes a double bottom, and suggests a bullish correction to the recent sharp swing to the downside.
- The market breaks above 1.0790. look for a pullback to push no higher than 1.09, near the 61.8% retracement level … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Honda’s Profit Plunges 88%

Posted: 03 Aug 2011 11:31 AM PDT

Honda Motor Co. (NYSE:HMC) posted an 88.3% fall in profit to ¥31.8 billion ($394 million) or ¥17.64 per share (22 cents per share) in the first quarter of its fiscal year ended March 31, 2012 from ¥272.49 billion or ¥150.27 per share in the same quarter of the previous fiscal year. The decline in profit was attributable to the adverse impact of the earthquake and tsunami in Japan on March 11 and unfavorable currency translation effects.
Consolidated net sales and other operating revenues … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


ZOLL Medical Stays Neutral

Posted: 03 Aug 2011 11:31 AM PDT

We reaffirm our Neutral recommendation on resuscitation devices maker ZOLL Medical (NASDAQ:ZOLL). Revenues and earnings for third-quarter fiscal 2011 outperformed the Zacks Consensus Estimates driven by strong contributions from the company's flagship LifeVest wearable defibrillator and temperature management businesses, backed by healthy growth in the North American hospital market.
Revenues from ZOLL Medical's North American hospital market surged 19% year over year as sales from its U.S. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Dollar Takes Another Dive On Data

Posted: 03 Aug 2011 06:15 AM PDT

08/03/11 The US dollar experienced another sell-off following weak economic data including a drop in non-ISM manufacturing … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – AUD/USD Down In U.S. Trade

Posted: 03 Aug 2011 11:15 AM PDT

Forexpros – The Australian Dollar was lower against the U.S. Dollar on Wednesday after the release of U.S. data on ADP Nonfarm Employment Change.<br/><br/> AUD/USD was trading at 1.0754, down 0.23% at time of writing.<br/><br/> The pair was likely to find support at 1.0680, today&rsquo;s low, and resistance at 1.1065, Monday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that non-farm employment change in the U.S. rose … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Crude Decline Continues On Inventory Spike

Posted: 03 Aug 2011 06:00 AM PDT

08/03/11 Front month crude prices continued to decline this afternoon following a surprise jump in inventory figures from last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


“Slowing Down Of Recovery…see Nice Buying Opportunities”

Posted: 03 Aug 2011 10:57 AM PDT

08/03/11 Meridian Equity Partners’ Empire Executions discusses the market selloff following the US debt deal and record gains in gold … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Nicor Beats Ests, Guidance Intact

Posted: 03 Aug 2011 10:55 AM PDT

Gas distributor Nicor Inc. (NYSE:GAS) reported second quarter 2011 earnings per share of 42 cents, comfortably beating the Zacks Consensus Estimate of 32 cents. However, on a year-over-year comparison, earnings fell 20.8% from 53 cents per share, bruised by poor performance of the shipping businesses coupled with higher operating expenses.
The company's total operating revenues were $477.0 million, up 12.1% year over year and 21.7% above our expectation.
Segmental Performance
Gas Distribution: … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


American Public Beats Estimate

Posted: 03 Aug 2011 10:55 AM PDT

American Public Education Inc. (NASDAQ:APEI), an online provider of higher education to military and public service communities, recently delivered better-than-expected second-quarter 2011 results on the heels of robust student enrollment. The quarterly earnings of 49 cents a share beat the Zacks Consensus Estimate of 45 cents, and rose approximately 32% from 37 cents in the prior-year quarter.
Management now projects third-quarter 2011 earnings between 41 cents and 43 cents a share that dovetails … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Natural Gas Production Is Booming, So Is Demand For Shale Sand; Drill, Drill, Drill = Jobs, Jobs, Jobs

Posted: 03 Aug 2011 10:50 AM PDT

The EIA released data yesterday on U.S. natural gas production and reported that 2,414,685 million cubic feet of natural gas was produced in May, second only to the all-time monthly record set in March of 2,422,763 million cubic feet.  On a three-month moving average basis to smooth out variability, the three-month average for March-May was the highest natural gas production on record (see chart above).

As a follow-up to yesterday’s post about how the shale gas boom has boosted the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – NZD/USD Down During The U.S. Session

Posted: 03 Aug 2011 10:45 AM PDT

Forexpros – The New Zealand Dollar was lower against the U.S. Dollar on Wednesday after the release of U.S. data on ADP Nonfarm Employment Change.<br/><br/> NZD/USD was trading at 0.8638, down 0.30% at time of writing.<br/><br/> The pair was likely to find support at 0.8577, today&rsquo;s low, and resistance at 0.8842, Monday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that non-farm employment change in the U.S. rose … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Vistaprint Beats, Outlook Weak

Posted: 03 Aug 2011 10:25 AM PDT

Vistaprint N.V. (NASDAQ:VPRT) has declared fourth quarter 2011 adjusted earnings of 43 cents per share, handily beating the Zacks Consensus Estimate of 32 cents. Earnings per share (EPS) increased 13% year over year and touched the upper-end of the company's guided range of 38–43 cents. The better-than-expected results were driven by double-digit growth in the top line.
On a GAAP basis, EPS increased 23% to 32 cents during the quarter, in line with the company's guided range of 28–33 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forest Beats Top And Bottom Lines

Posted: 03 Aug 2011 10:25 AM PDT

Denver-based Forest Oil Corporation's (NYSE:FST) second quarter 2011 earnings of 36 cents per share (excluding non-recurring items), came in fairly ahead of the Zacks Consensus Estimate of 31 cents but were below the year-earlier numbers of 42 cents. Despite lower natural gas price realization and net sales volumes, earnings beat our estimate due to higher oil and natural gas liquids prices.
Total revenue in the reported quarter increased 14.4% to $238.1 million and beat the Zacks Consensus … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Pre-earnings Report Call Spreader Sees Perrigo Co. Rally Ahead

Posted: 03 Aug 2011 10:21 AM PDT

Pre-earnings report call spreader sees Perrigo Co. rally ahead
Today's tickers: PRGO, BPL, CLH & CHS
(NASDAQ:PRGO) – Perrigo Co. – Shares in global healthcare supplier Perrigo Company may rise substantially in the next few weeks, according to one options player initiating a debit call spread on the stock this morning. The manufacturer of OTC and generic prescription pharmaceuticals as well as nutritional and medical diagnostic products reports fourth-quarter earnings ahead of the open on … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Swiss Intervention Highlights Global Woes

Posted: 03 Aug 2011 10:15 AM PDT

An improvement in sentiment was quickly reversed midweek as investors were robbed of the only hopeful event on this week's economic calendar. The services sector was due a rebound according to onlookers, and it would have matched the pattern woven in other leading nations. In the event the services sector marched in lockstep with the manufacturing sector and is heading for a standstill as the economy appears to be heading back into recession. As the negative data builds higher, investors are … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Gold Bugs Rejoice

Posted: 02 Aug 2011 10:00 PM PDT

Many of you likely rubbed your sleepy eyes in disbelief when you saw gold prices breach $1,675 an ounce in early trading, but you weren't dreaming. Gold danced above $1,675 into the wee hours of the night before settling in at $1,663.45 (at the time of this writing this afternoon).

Since pulling back to $1,487 an ounce on July 1, gold has surged nearly 12 percent. Over the past 10 years, gold's normal volatility has been about 15 percent, so we've seen nearly a year's worth of price … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


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