DailyMarkets.com - Forex – USD/CAD Up In U.S. Trade

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• Forex – USD/CAD Up In U.S. Trade
• Q2 Gross Sales, EPS Dead-On With Our Estimates
• Petrobras Tops Estimates, Profit Up
• Earnings Scorecard: Cardinal
• Forex – EUR/USD Down In U.S. Trading Hours
• Risk-Reward Balanced At Alexion
• Covidien Announces $2B Buyback
• Hot Option Plays: Choppy Bear Cycle
• Forex – AUD/USD Down In U.S. Trade
• Urban Outfitters Beats, Profit Falls
• Arrow Expands In Japan
• Forex – NZD/USD Up During The U.S. Session
• 4 Takeaways From The Sarkozy-Merkel Meeting
• Torchmark Hikes Dividend
• Transocean To Buy Aker
• European Markets Mixed At Close; Dax Down 0.45%
• Options Look For GM Rebound Down The Road
• Google To Acquire Motorola
• TJX Ahead By A Penny
• Positive Data On Glaxo Drug
• Mixed Bag For NCOs & Delinquency
• Dick’s Beats EPS, Misses Revs
• Schwab’s Monthly Activity Improves
• Options Look For GM Rebound Down The Road
• Euro Slide Continues On Weak Growth Data
• Mike Bellafiore On Making More Money Now
• CEO Spotlight: Todd Davis, LifeLock
• Perfect Gender Parity In STEM Is Unrealistic As Long As There’s A Big Disparity In Math SAT Scores
• Forex Trading: EURUSD Move Higher Initially But Has Come Off Highs On Merkel/Sarkozy Press Conference
• Investors Bearing Up Under The Strain

Forex – USD/CAD Up In U.S. Trade Posted: 16 Aug 2011 12:10 PM PDT Forexpros – The U.S. Dollar was higher against the Canadian Dollar on Tuesday after the release of U.S. data on Industrial Production.<br/><br/> USD/CAD was trading at 0.9822, up 0.24% at time of writing.<br/><br/> The pair was likely to find support at 0.9792, Monday&rsquo;s low, and resistance at 0.9969, Thursday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that U.S. industrial production rose more-than-expected to 0.9% last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Q2 Gross Sales, EPS Dead-On With Our Estimates Posted: 16 Aug 2011 12:04 PM PDT Brian Marckx, CFA Q2 Gross Sales, EPS Dead-On With Our Estimates   Pernix Therapeutics (PTX) reported financial results for the second quarter on August 16th.  While gross product sales came in almost dead-on with our estimate, net sales were well ahead as a result of relatively strong collaboration revenue and lower than expected Medicaid rebates.  Despite the better net sales number, EPS of $0.07 was right where we had it modeled as a result of lower than estimated product … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Petrobras Tops Estimates, Profit Up Posted: 16 Aug 2011 12:04 PM PDT Brazilian state-run energy giant Petroleo Brasileiro S.A. (PBR), or Petrobras S.A., announced its second quarter earnings of R$10.9 billion or R$0.84 per share, compared with R$8.3 billion or R$0.95 per share in the year-earlier quarter. Per share profitability dropped after the company sold $70 billion of new stock in September last year. Earnings per ADR came in at $1.07 (exchange rate: U.S.$1.00 = R$1.57, 1 ADR = 2 shares), ahead of the Zacks Consensus Estimate of $1.01. This was mainly on … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Scorecard: Cardinal Posted: 16 Aug 2011 12:04 PM PDT Cardinal Health (NYSE:CAH) reported fourth-quarter fiscal 2011 (ended June 30) adjusted (excluding one-time expenses) earnings per share of 59 cents, exceeding the Zacks Consensus Estimate of 58 cents as well as the year-ago figure of 50 cents. Earnings from continuing operations (as reported) rose roughly 7% year over year to $207.3 million (or 58 cents a share). However, net earnings dipped 9% year over year to $202.7 million or 57 cents a share. For fiscal 2011, adjusted earnings of $2.67 per … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Down In U.S. Trading Hours Posted: 16 Aug 2011 11:45 AM PDT Forexpros – The Euro was lower against the U.S. Dollar on Tuesday after the release of euro zone data on GDP.<br/><br/> EUR/USD was trading at 1.4409, down 0.24% at time of writing.<br/><br/> The pair was likely to find support at 1.4105, Thursday&rsquo;s low, and resistance at 1.4475, Monday&rsquo;s high.<br/><br/> Earlier in the day, preliminary official data showed that Gross domestic product in the euro zone rose less-than-expected to a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Risk-Reward Balanced At Alexion Posted: 16 Aug 2011 11:35 AM PDT We are maintaining our Neutral stance on Alexion Pharmaceuticals (NASDAQ:ALXN) with a target price of $55.00. Alexion Pharma delivered a strong performance in the second quarter of 2011. Second quarter adjusted earnings of $0.23 per share surpassed the Zacks Consensus Estimate by $0.01 and the year-ago earnings by $0.07. Earnings include the effect of the two-for-one stock split, which was completed in May 2011. Earnings in the quarter benefited from an increase in revenues. The main growth driver … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Covidien Announces $2B Buyback Posted: 16 Aug 2011 11:35 AM PDT Leading healthcare products maker Covidien plc (NYSE:COV) recently announced that its Board has authorized a share buyback program allowing it to repurchase up to $2 billion of its ordinary shares. The buyback will be executed from time to time, based on market conditions. The move underscores the Ireland-based company's commitment to deliver incremental returns to investors leveraging a solid free cash flow and strong earnings power. Covidien continues to maintain a positive earnings surprise … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Hot Option Plays: Choppy Bear Cycle Posted: 16 Aug 2011 11:18 AM PDT Cusick’s Corner The data out this morning has a mixed feel to the market but the reality is that we are in a choppy bear cycle. While I sometimes like to play the short side in this type of market, it is harder to do so with continued volatility in the mid 30s. The one short that is working is Crude, which has finally broken the long-standing trendline of 86.4 and looks to be really challenged because the mixed data continues to come out these days. See you After Hours. Stocks are broadly lower … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – AUD/USD Down In U.S. Trade Posted: 16 Aug 2011 11:15 AM PDT Forexpros – The Australian Dollar was lower against the U.S. Dollar on Tuesday after the release of U.S. data on Industrial Production.<br/><br/> AUD/USD was trading at 1.0473, down 0.31% at time of writing.<br/><br/> The pair was likely to find support at 1.0113, Thursday&rsquo;s low, and resistance at 1.0514, Monday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that U.S. industrial production rose more-than-expected to 0.9% last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Urban Outfitters Beats, Profit Falls Posted: 16 Aug 2011 10:55 AM PDT Urban Outfitters Inc. (NASDAQ:URBN), the retailer of apparel, footwear, and accessories, recently posted better-than-expected results for the second quarter ended July 31, 2011. The quarterly earnings of 35 cents a share beat the Zacks Consensus Estimate of 32 cents, but dropped 16.7% from 42 cents earned in the prior-year quarter. Despite registering a growth in top line, the company witnessed a drop in bottom line due to a 19.1% rise in the cost of sales and an increase of 11.9% in selling, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Arrow Expands In Japan Posted: 16 Aug 2011 10:50 AM PDT Arrow Electronics, Inc. (NYSE:ARW) recently announced that it will launch a tender offer to acquire all of the common stock of Chip One Stop for ¥220,000 per share or $2,857 per share. Based in Japan, Chip One Stop supplies electronic components to design engineers. The company partners with more than 700 suppliers of electronic components and allows customers to access selected stocked parts data and a sourcing request service through a comprehensive database with more than 8 million line … [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: 16 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 Industrial Production.<br/><br/> NZD/USD was trading at 0.8337, up 0.11% at time of writing.<br/><br/> The pair was likely to find support at 0.8094, Thursday&rsquo;s low, and resistance at 0.8390, Monday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that U.S. industrial production rose more-than-expected to 0.9% last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

4 Takeaways From The Sarkozy-Merkel Meeting Posted: 16 Aug 2011 10:38 AM PDT The euro jumped at noon NY time as Sarkozy and Merkel gave a press conference following the end of their dinner meeting. Wall Street Journal: "In a joint appearance, German Chancellor Angela Merkel and French President Nicolas Sarkozy proposed a euro zone economic council that would help strengthen national fiscal solvency. But the proposals fell short of what some in the market wanted, namely a euro-zone bond that would imply a tighter fiscal union." 1. A Euro-zone Head – The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Torchmark Hikes Dividend Posted: 16 Aug 2011 10:35 AM PDT Life and health insurer Torchmark Corp. (NYSE:TMK) has recently announced a quarterly dividend of 12 cents per share, which marks an increase of 9.0% from the previous dividend of 11 cents.  Torchmark increased its dividend at an average rate of approximately 7.0% between 2001 and 2010. With its current stock yield of 1.38%, the company features on the list of laggards in dividend yield. Some of the leaders in dividend yield in the life insurance industry are Life Partners Holdings Inc. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Transocean To Buy Aker Posted: 16 Aug 2011 10:35 AM PDT Offshore-oil driller Transocean Ltd. (NYSE:RIG) announced plans for an all-cash acquisition of Norway’s Aker Drilling ASA for 7.93 billion kroner or $1.46 billion along with a net debt of $800 million. The purchase price – of 26.50 kroner per share – represents a 62% premium to Aker Drilling’s 30-day average price of 16.39 kroner per share. This deal marks the biggest acquisition on part of Transocean in the last four years and will be executed through its wholly owned subsidiary Transocean … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

European Markets Mixed At Close; Dax Down 0.45% Posted: 16 Aug 2011 10:05 AM PDT Forexpros – European stocks were mixed after the closing bell on Tuesday.<br/><br/> At the close of European trade, Germany&rsquo;s DAX fell 0.45%, London&rsquo;s FTSE 100 gained 0.13%, France&rsquo;s CAC 40 declined 0.25% and the EURO STOXX 50 was down 0.03%.<br/><br/> Earlier in the day, preliminary official data showed that Gross domestic product in the euro zone rose less-than-expected to a seasonally adjusted 0.2% in the last quarter from 0.8% in the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Options Look For GM Rebound Down The Road Posted: 16 Aug 2011 10:04 AM PDT Options look for GM rebound down the road Today's tickers: GM, BCSI, DSX & GME (NYSE:GM) – General Motors Co. – A couple of bullish bets in options covering automobile manufacturer, General Motors, may prove prudent investments for some strategists should shares in GM increase approximately 15.0% by January expiration. Shares in the Detroit, MI-based company are on the rise in early-afternoon trade, standing 0.45% higher on the session at $26.54 as of 12:10 pm in New York. It looks like … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Google To Acquire Motorola Posted: 16 Aug 2011 10:03 AM PDT In what may be considered a defensive move, Google Inc (NASDAQ:GOOG) agreed to acquire Motorola Mobility Holdings (MMI) for $12.5 billion ($40 a share), a 63% premium to its closing price on August 15, when the deal was announced. The deal was the biggest in Google's 13-year history, with the 136 acquisitions it has made since it went public in 2004 costing the company just $9.1 billion in total. Google has stated that Motorola would continue to be run as a separate unit, with its phones based … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

TJX Ahead By A Penny Posted: 16 Aug 2011 10:03 AM PDT The TJX Companies Inc. (NYSE:TJX) reported adjusted earnings of 90 cents per share for the second quarter ended July 30, 2011. This surpassed the Zacks Consensus Estimate of 89 cents and increased 23.0% from the prior-year quarter. Based on the quarterly earnings, the company raised its outlook for fiscal 2012 to a range of $3.89 to $3.97 per share, which represents an 11% to 14% increase over the prior year's adjusted earnings per share from continuing operations of $3.49. For the third … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Positive Data On Glaxo Drug Posted: 16 Aug 2011 10:03 AM PDT GlaxoSmithKline (NYSE:GSK) recently presented positive top-line data on its Parkinson's disease candidate, IPX066, from a phase III study. Results from the ASCEND-Parkinson's Disease (ASCEND -PD) study showed a 33.5% decrease in “off-time” in the IPX066 arm compared to a 10% decrease in the carbidopa-levodopa plus entacapone (CLE) arm. IPX066 is an extended release (ER) version of carbidopa-levodopa (CD-LD). The primary endpoint of the study was the percentage of "off time" during waking … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Mixed Bag For NCOs & Delinquency Posted: 16 Aug 2011 10:03 AM PDT Regulatory filings by major credit card companies for the month of July showed mixed results in credit card defaults and delinquency rate. On Monday, three of the nation’s top six credit card companies reported a decline in card defaults, while four of them recorded reduced delinquency rates. JPMorgan Chase & Co.(NYSE:JPM), Discover Financial Services (NYSE:DFS) and Capital One Financial Corp. (NYSE:COF) recorded further drop in their respective credit card defaults, whereas Bank of America … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Dick’s Beats EPS, Misses Revs Posted: 16 Aug 2011 10:03 AM PDT Dick’s Sporting Goods Inc. (NYSE:DKS), a full-line sporting goods retailer, posted strong second quarter 2011 results on the heels of higher sales and improved margins. Quarterly earnings climbed to 52 cents a share from the year-ago level of 43 cents a share and comfortably outpaced its earnings guidance in the range of 47 cents to 49 cents a share. Dick's also inched past the Zacks Consensus Estimate of 50 cents. A 2.5% increase in consolidated comparable-store sales (comps) and opening of new … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Schwab’s Monthly Activity Improves Posted: 16 Aug 2011 10:03 AM PDT Charles Schwab Corp.(NASDAQ:SCHW) released its Monthly Activity Report for July 2011, recording an 11% improvement in client activity compared with June 2011 and July 2010. The company's daily average trades stood at 404,100 during the month under review. Similarly, Schwab registered an increase in new assets, with a net inflow of $9.9 billion in July as against a net inflow of $6.5 billion in June 2011 and 6.2 billion in July 2010. Also, the company's client assets totaled $1.65 trillion at … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Options Look For GM Rebound Down The Road Posted: 16 Aug 2011 10:03 AM PDT Options look for GM rebound down the road Today's tickers: GM, BCSI, DSX & GME (NYSE:GM) – General Motors Co. – A couple of bullish bets in options covering automobile manufacturer, General Motors, may prove prudent investments for some strategists should shares in GM increase approximately 15.0% by January expiration. Shares in the Detroit, MI-based company are on the rise in early-afternoon trade, standing 0.45% higher on the session at $26.54 as of 12:10 pm in New York. It looks like … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Euro Slide Continues On Weak Growth Data Posted: 16 Aug 2011 10:00 AM PDT 08/16/11 The euro currency continued to slide this session as weak growth data out of the eurozone kept investors shying away from higher-yielding … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Mike Bellafiore On Making More Money Now Posted: 16 Aug 2011 09:42 AM PDT I wanted to share a link to a post from Mike Bellafiore of SMB Capital entitled quite ambitiously "You Need to Make More Money Now." Toward the end of Mike's book One Good Trade, he details how markets have changed over the last decade in terms of volatility/narrative and how traders must adjust accordingly. It's one of the best descriptions I've read that provides a concise summary of how important it is to identify and adjust to the current market environment. For example, the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

CEO Spotlight: Todd Davis, LifeLock Posted: 16 Aug 2011 04:30 AM PDT 08/16/11 Mr. Todd Davis, CEO of LifeLock, offers us an exclusive interview during his identity theft training summit at the NYSE. He explains the goals for the summit and also demonstrates how an identity can easily be taken by the swipe of a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Perfect Gender Parity In STEM Is Unrealistic As Long As There’s A Big Disparity In Math SAT Scores Posted: 16 Aug 2011 09:24 AM PDT Government or non-profit studies on gender disparities in science, technology, engineering and math (STEM) fields always lament the stubborn, significant and persistent underrepresentation of females, who held only 24% of STEM jobs in 2009.  Amazingly, women held only 24% of STEM jobs in 2000, so it sure seems like a deeply-rooted and entrenched gender imbalance.   Every study that documents gender disparities for STEM jobs and degree holders: a) tries to explain the gender … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: EURUSD Move Higher Initially But Has Come Off Highs On Merkel/Sarkozy Press Conference Posted: 16 Aug 2011 09:23 AM PDT The proposals by Merkel/Sarkozy is there would be a more unified approach to fiscal policy within the Eurozone with an economic council headed by a President to oversee the union. The countries in the Eurozone would need to adhere to stricter rules with regard to deficits and deficit reductions and it seems answer to Brussels if targets are not met or changes implemented.  Germans Merkel says that Eurobond are not a solution to the crisis at this moment.  It seems the political will … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Investors Bearing Up Under The Strain Posted: 16 Aug 2011 08:54 AM PDT An earlier rally for fixed income fuelled by weak growth and output data faded as equity investors proved a resilient bunch on Tuesday. There were blatant signs of worry sounding from central bankers in Britain and Australia as they warned about the potential for dislocation stemming from fragile financial markets. Although such worries might be warranted, investors seem to be of the belief that having stood the strain of last week, perhaps we're already beyond the point of maximum … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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