DailyMarkets.com - Hot Topic Matches EPS, Cuts Loss |
- Hot Topic Matches EPS, Cuts Loss
- Tobacco Giants Fight Scary Labels
- Forex – USD/CAD Up In U.S. Trade
- USD/CAD Breaks Triangle To Upside; Eyeing Parity And Beyond
- Magellan Midstream Prices Debt
- Goldman Pressed With Allegations
- SunPower’s SUN Park Sparks Off
- Logitech Downgraded To Underperform
- English: The Inescapable Language
- Forex – EUR/USD Down In U.S. Trading Hours
- EIA: Surprise Build In Crude Stocks
- Toyota Recalls Corolla
- JDS Uniphase Misses, Outlook Weak
- Earnings Scorecard: Public Storage
- First They Came For The Kid-Run Lemonade Stands
- Hot Option Plays: Bear Claws
- Forex – AUD/USD Down In U.S. Trade
- NetApp Misses, Guides Cautiously
- PetSmart Beats, Raised Outlook
- Southern Co. Gets Government Aid
- BJ’s Wholesale Tops Estimates
- “Zero Optimism Out There”
- Forex – NZD/USD Down During The U.S. Session
- Allscripts Remains Neutral
- Limited Brands Beats, Ups Outlook
- Jamba Beats, Maintains Outlook
- Cit Trends’ Net Loss Widens
- Dollar Jumps On Risk Aversion, Global Equity Drop
- Forex Trading: USDCHF: Breaks And Fails
- European Markets Close Lower; Dax Down 5.82%
- Dollar Jumps On Risk Aversion, Global Equity Drop
- Cramer Where Are You Now? The Bears Are Calling!
- Call Selling Ensues On NRG Energy
- Coca Cola Plans $4 Billion Investment In China
| Hot Topic Matches EPS, Cuts Loss Posted: 18 Aug 2011 12:15 PM PDT Hot Topic Inc. (NASDAQ:HOTT) reported second quarter fiscal 2011 net loss of 8 cents a share, in line with the Zacks Consensus Estimate and up substantially from the prior-year loss of 14 cents a share. Earnings per share in the reported quarter exclude approximately 6 cents of expenses related to the implementation of the previously announced cost reduction plan and strategic business changes. Including the said expenses, loss per share came in at 14 cents a share.
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| Tobacco Giants Fight Scary Labels Posted: 18 Aug 2011 12:15 PM PDT Five tobacco giants across the globe have together voiced against the forceful use of horrendous labels on the cigarette packets. Reynolds American Inc. (NYSE:RAI), Lorillard Inc. (NYSE:LO), Ligget Group, Santa Fe Natural Tobacco, and Commonwealth Brands all have filed a case against Food and Drug Administration ('FDA') for imposing labels that are more probable of cutting down smokers rather than helping consumers make a free choice.
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| Forex – USD/CAD Up In U.S. Trade Posted: 18 Aug 2011 12:10 PM PDT Forexpros – The U.S. Dollar was higher against the Canadian Dollar on Thursday after the release of U.S. data on Philadelphia Fed Manufacturing Index.<br/><br/> USD/CAD was trading at 0.9909, up 1.04% at time of writing.<br/><br/> The pair was likely to find support at 0.9775, Wednesday’s low, and resistance at 0.9938, today’s high.<br/><br/> Earlier in the day, official data showed that Manufacturing activity in the state of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| USD/CAD Breaks Triangle To Upside; Eyeing Parity And Beyond Posted: 18 Aug 2011 12:02 PM PDT Previous: A Look at the USD/CAD at Descending Triangle Support; 2 Bullish Scenarios (8/17) Triangle Breakout: The descending triangle support held at 0.9770. The market accelerated in the upside break, and broke above a pivot at 0.9870. These are bullish signs that the market is attempting to revisit the parity level. The RSI was supported above 40 and is cracking 60, showing maintenance of the bullish momentum established before the market entered into the congestion … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Magellan Midstream Prices Debt Posted: 18 Aug 2011 12:00 PM PDT Pipeline operator Magellan Midstream Partners, L.P. (MMP) has priced $250 million of its 4.25% senior notes due 2021. The securities – additional notes of the series originally issued on August 11, 2010 – were priced at 104.094% to yield 3.731% to maturity.
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| Goldman Pressed With Allegations Posted: 18 Aug 2011 12:00 PM PDT The Goldman Sachs Group Inc. (NYSE:GS) and two of its mortgage subsidiaries, along with M&T Bank Corp. (NYSE:MTB) was sued by bond insurer CIFG Assurance North America Inc. The complaint lodged claims that Goldman and M&T Bank misrepresented documents and convinced CIFG to insure mortgage-backed securities worth $275 million.
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| SunPower’s SUN Park Sparks Off Posted: 18 Aug 2011 12:00 PM PDT DoverSUN Park, designed and built by SunPower Corporation (SPWRA), began its operations and started delivering solar power to the local utility distribution grid. In 2008, City of Dover had selected LS Power to plan and develop the largest solar panel project in the Northeastern United States. However, LS Power in turn hired SunPower to build the facility. LS Power, a subsidiary of Dynegy Inc. (NYSE:DYN), is a power generation and transmission group with a proven track record of successful … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Logitech Downgraded To Underperform Posted: 18 Aug 2011 12:00 PM PDT We currently downgrade our recommendation on Logitech International SA (NASDAQ:LOGI) to Underperform. In the recently concluded quarter, the company witnessed lower than expected sales, especially in the EMEA region. The weakness in EMEA was the result of lower-than-expected demand late in the fourth quarter and poor execution of pricing in channel programs in the region.
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| English: The Inescapable Language Posted: 18 Aug 2011 11:45 AM PDT “English dominates the Internet. It is the only language used in air traffic control. It is the overwhelmingly dominant language of science. (Even the premier French scientific organization, the Institut Pasteur, publishes its papers in English first and only later in French). Sixty percent of all students studying a foreign language today are studying English. It's a required course in school, starting early on, in an increasing number of countries. So we native speakers of English have a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex – EUR/USD Down In U.S. Trading Hours Posted: 18 Aug 2011 11:45 AM PDT Forexpros – The Euro was lower against the U.S. Dollar on Thursday after the release of U.S. data on Philadelphia Fed Manufacturing Index.<br/><br/> EUR/USD was trading at 1.4323, down 0.71% at time of writing.<br/><br/> The pair was likely to find support at 1.4238, Monday’s low, and resistance at 1.4518, Wednesday’s high.<br/><br/> Earlier in the day, official data showed that Manufacturing activity in the state of Philadelphia fell … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| EIA: Surprise Build In Crude Stocks Posted: 18 Aug 2011 11:35 AM PDT The U.S. Energy Department’s weekly inventory release showed a surprise build-up in crude stockpiles. The agency's report further revealed that distillate stocks added to their supplies, while gasoline inventories declined for the second-straight week. Meanwhile, refiners reduced processing rates by 0.9%.
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| Posted: 18 Aug 2011 11:25 AM PDT Toyota Motor Corp. (NYSE:TM) announced that it will recall 33,809 units of Corolla sedans in order to fix a problem with its engines. The sedans were manufactured between October 23, 2010 and January 29, 2011 in the company's Tianjin plant in China.
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| JDS Uniphase Misses, Outlook Weak Posted: 18 Aug 2011 11:25 AM PDT Yesterday, after market close, JDS Uniphase Corp. (NASDAQ:JDSU) declared mixed financial results for the fourth quarter of fiscal 2011. The company, which manufactures broadband and optical networking components for the telecom industry, generated solid top-line growth but its bottom-line failed to meet our expectation.
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| Earnings Scorecard: Public Storage Posted: 18 Aug 2011 11:25 AM PDT Public Storage (NYSE:PSA), a leading real estate investment trust (REIT) operating self-storage facilities, reported fiscal 2011 second quarter recurring funds from operations (FFO) of $1.43 per share, which beat the Zacks Consensus Estimate by 5 cents. Fund from operations, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income.
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| First They Came For The Kid-Run Lemonade Stands Posted: 18 Aug 2011 11:25 AM PDT Then the licensing gestapo came for adults with cancer trying to raise money with weekend yard sales: Salem, OR — “A woman fighting a terminal form of bone cancer is trying to raise money to help pay bills with a few weekend garage sales, but the city of Salem says she's breaking the law and is shutting her down. Jan Cline had no idea, but the city of Salem has a clear law that states a person can only have three yard sales a year. Cline has been selling her stuff in the backyard … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 18 Aug 2011 11:18 AM PDT Cusick’s Corner
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| Forex – AUD/USD Down In U.S. Trade Posted: 18 Aug 2011 11:15 AM PDT Forexpros – The Australian Dollar was lower against the U.S. Dollar on Thursday after the release of U.S. data on Philadelphia Fed Manufacturing Index.<br/><br/> AUD/USD was trading at 1.0376, down 1.66% at time of writing.<br/><br/> The pair was likely to find support at 1.0353, today’s low, and resistance at 1.0602, Wednesday’s high.<br/><br/> Earlier in the day, official data showed that Manufacturing activity in the state of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| NetApp Misses, Guides Cautiously Posted: 18 Aug 2011 11:05 AM PDT NetApp Inc. (NASDAQ:NTAP) reported first quarter fiscal 2012 adjusted earnings per share (EPS) of 44 cents, missing the Zacks Consensus Estimate by a penny. Adjusted EPS excludes amortization of intangible assets, acquisition-related expenses, non-cash interest expense as well as investments and tax gains, but includes stock-based compensation expenses. The underperformance could be due to a challenging macro environment, which affected the revenue growth to some extent. After the closing bell, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| PetSmart Beats, Raised Outlook Posted: 18 Aug 2011 11:05 AM PDT PetSmart Inc. (NASDAQ:PETM), the specialty retailer of products, services, and solutions for pets, recently posted better-than-expected second-quarter 2011 earnings of 54 cents a share, up 31.7% from 41 cents in the year-ago quarter, outpacing the Zacks Consensus Estimate of 51 cents.
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| Southern Co. Gets Government Aid Posted: 18 Aug 2011 11:05 AM PDT Southern Company (NYSE:SO) has received a grant of $15 million from the government of U.S. The company will utilize the amount to upgrade the Alabama power plant. This facility is one of four projects that received about $67 million of federal funding.
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| Posted: 18 Aug 2011 11:05 AM PDT BJ's Wholesale Club, Inc. (NYSE:BJ), a leading warehouse club operator in the United States, recently posted better-than-expected second-quarter 2011 results on the heels of a rise in traffic, increase in sales of perishable foods and gasoline, and effective cost management.
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| Posted: 18 Aug 2011 11:00 AM PDT 08/18/11 LandColt Trading’s Todd M. Schoenberger weighs in on today’s sharp selloff in US stocks and the monetary policy outlook for the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex – NZD/USD Down During The U.S. Session Posted: 18 Aug 2011 10:45 AM PDT Forexpros – The New Zealand Dollar was lower against the U.S. Dollar on Thursday after the release of U.S. data on Philadelphia Fed Manufacturing Index.<br/><br/> NZD/USD was trading at 0.8218, down 1.87% at time of writing.<br/><br/> The pair was likely to find support at 0.8212, today’s low, and resistance at 0.8426, Wednesday’s high.<br/><br/> Earlier in the day, official data showed that Manufacturing activity in the state of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 18 Aug 2011 10:35 AM PDT We reiterate our Neutral rating on Allscripts (NASDAQ:MDRX). Second quarter earnings per share of 19 cents matched the Zacks Consensus Estimate. Allscripts reported sales of $356.8 million in the second quarter, beating the Zacks Consensus Estimate of $353 million.
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| Limited Brands Beats, Ups Outlook Posted: 18 Aug 2011 10:35 AM PDT Limited Brands, Inc. (NYSE:LTD), a specialty retailer of women's intimate and other apparel, beauty and personal care products, recently posted second-quarter 2011 results. The quarterly earnings of 48 cents a share beat the Zacks Consensus Estimate of 46 cents, and rose 33% from 36 cents earned in the prior-year quarter riding on an improving sales environment.
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| Jamba Beats, Maintains Outlook Posted: 18 Aug 2011 10:35 AM PDT Jamba Inc. (NASDAQ:JMBA) reported second quarter 2011 earnings of 5 cents per share, surpassing the Zacks Consensus Estimate of 3 cents as well as the prior-year earnings of 2 cents. Jamba benefited from the efficiencies in its cost structure, which offset the decline in revenue.
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| Posted: 18 Aug 2011 10:35 AM PDT Citi Trends Inc. (NASDAQ:CTRN) recently reported disappointing second-quarter 2011 results. The company’s net loss widens 16 folds to $10.0 million compared with $0.6 million in the year-ago quarter.
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| Dollar Jumps On Risk Aversion, Global Equity Drop Posted: 18 Aug 2011 05:30 AM PDT 08/18/11 The dollar rose this afternoon on a surge in risk aversion following a steep decline in global equities and weak economic … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex Trading: USDCHF: Breaks And Fails Posted: 18 Aug 2011 10:20 AM PDT The non trending of the USDCHF from last night set up a move to the upside and a move to the downside. Each break came from the trendlines drawn from the non-trending trading that confined the trading yesterday toward the NY close and into the Far East session (see chart above). The move to the upside was ignited by the break above the top trendline. The target to the upside would have been the high area from yesterday. However, the move did not get there and the market lost its … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| European Markets Close Lower; Dax Down 5.82% Posted: 18 Aug 2011 10:05 AM PDT Forexpros – European stocks were down after the closing bell on Thursday.<br/><br/> At the close of European trade, Germany’s DAX fell 5.82%, London’s FTSE 100 shed 4.49%, France’s CAC 40 declined 5.03% and the EURO STOXX 50 was down 5.34%.<br/><br/> Earlier in the day, official data showed that Manufacturing activity in the state of Philadelphia fell unexpectedly to a seasonally adjusted -30.7 last month from 3.2 in the preceding … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Dollar Jumps On Risk Aversion, Global Equity Drop Posted: 18 Aug 2011 10:00 AM PDT 08/18/11 The dollar rose this afternoon on a surge in risk aversion following a steep decline in global equities and weak economic … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Cramer Where Are You Now? The Bears Are Calling! Posted: 18 Aug 2011 09:52 AM PDT The U.S. benchmark yield sliced through its record low Thursday like a hot knife through butter after forecasters reined in global growth hopes over failure of European authorities to deal with worsening sovereign debt issues. Comments from Fed speakers rattled equity investors by explicitly stating that its policy of ultra-low interest rates for the next two years was not intended to be a kid glove for the equity markets. Just about every economic indicator under the sun has recently wilted … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Call Selling Ensues On NRG Energy Posted: 18 Aug 2011 09:44 AM PDT Call selling ensues on NRG Energy
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| Coca Cola Plans $4 Billion Investment In China Posted: 18 Aug 2011 04:15 AM PDT 08/18/11 The Coca Cola Co. (KO) announced Thursday that it plans to invest $4 billion in China over three years beginning in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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