DailyMarkets.com - June Seattle Existing Home Sales Highest In 4 Years

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• June Seattle Existing Home Sales Highest In 4 Years
• Forex – EUR/USD Eases In Early Asian Trade
• The Brokers With Hands On Their Faces Blog
• NY Fed Model: 1-in-125 Chance Of 2012 Double-Dip
• Hot Option Plays: Capitulation
• Forex – Dollar Advances In Early Asian Trade
• Forex – EUR/USD Down During The Asian Session
• Hawaiian Electric Misses
• GM Profit Soars In Q2, Shares Fall On Outlook
• The Day Ahead: US Employment Report – Nonfarm Payrolls, Unemployment Rate, Consumer Credit; Earnings – P&G
• Q2 Results Solid
• RBS To Retrench Banking Jobs
• Willis Group Pushes Ahead Of Estimate
• Forex – NZD/USD Down In Asian Trade
• Leucadia Falls Short In 2Q
• Poor Q2 Results From Integrys
• HeartMate Beats For Thoratec In 2Q
• Lamar Posts Profit, Beats Estimate
• What Caused The Market Meltdown?
• NRG Energy Outshines EPS Est
• Benis Acquires Mayor Packaging
• Earnings Preview: Viacom Inc.
• Earnings Scorecard: Johnson & Johnson
• Some Stocks In Bearish Conditions
• PCG Misses EPS, Reaffirms Guidance
• Tesoro Maintains Earnings Momentum
• Lackluster Numbers From TECO Energy
• RIO Sales Up, Misses Estimate
• Caterpillar To Expand In China
• BOK Financial’s Outlook Positive
• Zumiez’s Comps Shines Once Again
• Transocean Misses, Backlog Weak
• IBM Survives Anti-Trust Threat
• NCR Eyes Brazilian Expansion
• Denbury Posts An Impressive 2Q
• NRP Beats, Ups Guidance
• Waste Management Makes Acquistion
• Walter Energy Misses On Weather Woes
• DIRECTV Continues Upward Movement
• Closing Bell Market Monitor: DNDN, KFT, GM
• Forex – EUR/USD Down At The End Of U.S. Session
• Forex – USD/JPY Up Toward The End Of U.S. Session
• Ameren Lags Bottom Line, Pares View
• Genomic Health Beats On EPS
• Screening For High And Rising Income
• Progress Energy Surpasses EPS Ests
• Forex – EUR/USD Down Toward The End Of U.S. Session
• U.S. Markets Close Lower; Dow Jones Down 4.31%
• The Jobless Recovery And The Education Gap, II
• Unilever’s Bright Q2
• Equifax Buys Datavision
• Kraft Misses, Plans To Split
• GM Outshines, Profit Doubles
• Apache 2Q Soars On Prices, Volumes
• OGE Energy Beats Estimates
• Hartford’s Bottom-line Sinks
• PRA Profits Soar, Ratios Improve
• DNDN Drops View, Provenge Lets Down
• SCANA Bottom Line Lags, Revs Beat
• Cardinal Beats Narrowly In 4Q
• El Paso Beats Estimates
• Forex – GBP/USD Down During The U.S. Session
• Avis Net Beats, Revs Short
• Forex – USD/CHF Down In U.S. Trading Hours
• Hot Option Plays: Pressure
• Forex – USD/CAD Up In U.S. Trade
• MTA Webinar Link (and Special Offer!)
• Charles River Beats, Sales Dull
• Plains Tops, Raises Guidance
• What Do You Want To Know When Applying For A Mortgage?
• Risk Aversion Still Strong On EU Debt Concerns
• Forex – EUR/USD Down In U.S. Trading Hours
• Health Care REIT Beats Estimates
• American Capital Shows Strength
• Ventas Surpasses Estimates
• Forex – AUD/USD Down In U.S. Trade
• USD/CAD Surges As Oil Plunges
• MEMC Posts A Strong 2Q
• Steep Decline In Crude Prices
• More Good News About The Shale Gas Revolution
• Forex – NZD/USD Down During The U.S. Session
• Bank Of England Holds Bank Rate At 0.50%
• Dean Foods Ahead By A Penny
• Will BofA Settle Foreclosure?
• CenterPoint Beats By A Penny
• CIGNA Posts Strong 2Q
• SK Telecom Profits, Gains Users
• Williams Strong In 2Q
• Central Bank Of Turkey Cuts Rate 50bps To 5.75%
• ECB Holds Interest Rate At 1.50%, Resumes Bond Buying
• “Markets Repricing Risk…across The Board”
• European Markets Close Lower; Dax Down 3.40%
• Mixed Options Trading Ensues On Dendreon Disaster
• Kraft Foods To Break Into Two Seperate Companies

June Seattle Existing Home Sales Highest In 4 Years Posted: 04 Aug 2011 04:58 PM PDT DQ News — “Seattle area’s resale market posted the highest sales for the month of June in four years. Existing single-family house and condo sales combined rose 19.6 percent compared with May and increased 5.5 percent from June 2010. That’s significant, given that the June 2010 sales were boosted by outgoing federal homebuyer tax credits, which ceased to have a significant impact on the market by the following month, July 2010. This June’s 3,822 house and condos resales were the highest since … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Eases In Early Asian Trade Posted: 04 Aug 2011 04:58 PM PDT Forexpros – The euro extended losses against the U.S. dollar Thursday, as a disasterous day on Wall Street prompted investors to seek safe-haven positions in treasury bills and the greenback.<br /><br />EUR/USD hit 1.4112 during early Asian trade, the pair&rsquo;s highest since July 17; the pair subsequently consolidated at 1.4062, dropping&nbsp; 0.22%.<br /><br />The pair was likely to find support at 1.4056, the day&rsquo;s low, and resistance at 1.4453, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

The Brokers With Hands On Their Faces Blog Posted: 04 Aug 2011 04:47 PM PDT The “Brokers with Hands on Their Faces Blog” was updated today, August 4, with the photo … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

NY Fed Model: 1-in-125 Chance Of 2012 Double-Dip Posted: 04 Aug 2011 04:27 PM PDT The New York Federal Reserve updated its “Probability of U.S. Recession Predicted by Treasury Spread” this week with treasury yield data through July 2011, and the Fed’s recession probability forecast through July 2012 (see chart above). The NY Fed’s Treasury model uses the spread between the yields on 10-year Treasury notes (3.00% in July) and 3-month Treasury bills (0.04%) to calculate the probability of a U.S. recession up to twelve months ahead (see details here) using the spread between … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Hot Option Plays: Capitulation Posted: 04 Aug 2011 04:17 PM PDT Cusick’s Corner I will not discount Chicken Little next time. Pure panic is in the market and preservation of capital is pinnacle. The reality is that the data is bad, and with the Claims Data coming in at 400K, the Non-Farm payrolls need to come in tomorrow at or above 150K. If we see 75K then this could lead to further capitulation but when the dust clears that could be an opportunity to start nibbling at the strong names, put credit spreads/ratio call spreads, but I am making some small … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – Dollar Advances In Early Asian Trade Posted: 04 Aug 2011 04:17 PM PDT Forexpros – The U.S. dollar extended gains against its major counterparts Thursday, after all three benchmark U.S. stock indexes sank into the red for the year, with the Dow suffering its worst performance since December 2008..<br /><br />In early Asian trade, the greenback was higher against the euro, with EUR/USD easing 0.15% to hit 1.4071.<br /><br />After Tuesday&rsquo;s approval of a deal to raise the USD14.3 debt ceiling, market attention returned to the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Down During The Asian Session Posted: 04 Aug 2011 04:10 PM PDT Forexpros – The Euro was lower against the U.S. Dollar on Thursday.<br/><br/> EUR/USD was trading at 1.4064, down 0.22% at time of writing.<br/><br/> The pair was likely to find support at 1.4060, today&rsquo;s low, and resistance at 1.4453, Monday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the British Pound and up against the Japanese Yen, with EUR/GBP shedding 0.06% to hit 0.8665 and EUR/JPY rising 0.36% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Hawaiian Electric Misses Posted: 04 Aug 2011 04:05 PM PDT Hawaiian Electric Industries Inc. (NYSE:HE) announced second-quarter 2011 operating earnings of 28 cents per share, missing both the Zacks Consensus Estimate of 33 cents and the year-ago earnings of 31 cents. Hawaiian Electric missed the mark owing to higher operating expenses, which were partially offset by higher sales. Operating Statistics Total revenue of the company at the end of the second quarter was $794.3 million versus $655.7 million in the year-ago quarter, reflecting a growth of 21.1%. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

GM Profit Soars In Q2, Shares Fall On Outlook Posted: 04 Aug 2011 10:57 AM PDT 08/04/11 General Motors posted a surge in its Q2 profit. The automaker said it may be less profitable in the second half of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

The Day Ahead: US Employment Report – Nonfarm Payrolls, Unemployment Rate, Consumer Credit; Earnings – P&G Posted: 04 Aug 2011 03:57 PM PDT 08/04/11 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

Q2 Results Solid Posted: 04 Aug 2011 03:35 PM PDT Brian Marckx, CFA Q2 2011 Financial Results… Chembio Diagnostics (CEMI) reported financial results for the second quarter ending June 30, 2011 on August 4th.  Revenue of $3.61 million was about 4% below our $3.78 million estimate.  The difference almost entirely attributable to lower than modeled product sales ($3.33 MM  E vs. $2.97MM A).  While DPP sales to FIOCRUZ handily beat our estimate ($275k E vs. $848k A), this was more than offset by softer than expected revenue … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

RBS To Retrench Banking Jobs Posted: 04 Aug 2011 03:35 PM PDT Royal Bank of Scotland Group plc (NYSE:RBS) is planning job cuts in its investment banking unit, Financial Times reported on Wednesday. The workforce to be trimmed might reach 2,000. RBS is restructuring its business and reducing its workforce due to slow recovery in markets and stringent regulations. As per an RBS spokesman, the bank would have more layoffs over time, including its global banking and markets (GBM) investment banking unit.  Since the financial crisis, RBS has slashed 27,500 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Willis Group Pushes Ahead Of Estimate Posted: 04 Aug 2011 03:35 PM PDT Willis Group Holdings plc (NYSE:WSH) reported its second-quarter 2011 adjusted net income from continuing operations of 61 cents per share, beating the Zacks Consensus Estimate by 3 cents. Results are also ahead of 54 cents earned in second-quarter 2010. Adjusted net income from continuing operations was $108 million, up 17.4% from $92 million in the prior-year quarter. The beat may likely be attributable to higher commissions and fees. Adjusting for an operational review charge of $12 million or … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – NZD/USD Down In Asian Trade Posted: 04 Aug 2011 03:35 PM PDT Forexpros – The New Zealand Dollar was lower against the U.S. Dollar on Thursday.<br/><br/> NZD/USD was trading at 0.8316, down 0.55% at time of writing.<br/><br/> The pair was likely to find support at 0.8308, today&rsquo;s low, and resistance at 0.8842, Monday&rsquo;s high.<br/><br/> Meanwhile, the New Zealand Dollar was down against the Australian Dollar and the Euro, with AUD/NZD gaining 0.33% to hit 1.2555 and EUR/NZD rising 0.42% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Leucadia Falls Short In 2Q Posted: 04 Aug 2011 03:15 PM PDT Leucadia National Corporation (NYSE:LUK) reported its financial results for the second quarter on August 3. In the second quarter, the company generated net income from continuing operations of 74 cents per share, compared with a loss of $1.01 per share in the year-ago quarter. Results were also slightly below the Zacks Consensus Estimate of 76 cents. Revenue In the second quarter 2011, revenue jumped 160.5% year over year to $753.4 million from $289.2 million in the year-ago comparable … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Poor Q2 Results From Integrys Posted: 04 Aug 2011 03:15 PM PDT Integrys Energy Group Inc. (NYSE:TEG) saw its bottom line dip in the second quarter of 2011 compared to the year-ago quarter and the Zacks Estimate. Integrys' adjusted earnings of 38 cents per share for the second quarter 2011 were 10 cents below 48 cents in the second quarter of 2010. The company's bottom line was also short of the Zacks Consensus Estimate of 47 cents by 9 cents. The quarterly miss was mainly due to increased operation and maintenance costs and lower wholesale margins for … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

HeartMate Beats For Thoratec In 2Q Posted: 04 Aug 2011 03:15 PM PDT Leading heart devices maker Thoratec Corp's (NASDAQ:THOR) second-quarter fiscal 2011 adjusted (excluding one-time items other than stock-based compensation expenses) earnings per share of 41 cents topped the Zacks Consensus Estimate of 32 cents and surpassed the year-ago adjusted earnings of 29 cents. Profit (as reported) from continuing operations soared 24% year over year to $21.8 million (or 36 cents per share) owing to double-digit expansion in the top line, buoyed by healthy sales of the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Lamar Posts Profit, Beats Estimate Posted: 04 Aug 2011 03:15 PM PDT Lamar Advertising Company (NASDAQ:LAMR) reported its financial results for the second quarter of fiscal year 2011 on August 4. Earnings per share in the quarter were 12 cents, an improvement over a loss of 10 cents reported in the second quarter of 2010 and the Zacks Consensus Estimate of 8 cents. Revenue In the second quarter, pro forma net revenue increased 2.4% year over year to $293.3 million and registered a pro forma revenue growth of 2.1%. The results were slightly below management's … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

What Caused The Market Meltdown? Posted: 04 Aug 2011 03:08 PM PDT "Everybody out of the pool" and "Adult Swim Only" are phrases that ring in my ear from my trading days at Bear Stearns. A long lost friend (God bless you, buddy!!) would bellow those statements when markets plunged like today. What drained the liquidity from our equity market 'pool'? A number of critically important factors have been building and continue to haunt us. These include: 1. Meltdown in European sovereign debt. This is not and should not be a surprise. The meltdown … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

NRG Energy Outshines EPS Est Posted: 04 Aug 2011 03:05 PM PDT Energy generation company NRG Energy Inc. (NYSE:NRG) reported an adjusted net income of $2.53 per share in second-quarter 2011, way ahead of the Zacks Consensus Estimate of 38 cents. Results also compared favorably with 81 cents earned in the prior-year quarter. Net income in the quarter was $621 million, up from $210 million in the year-ago quarter. Operational Results Total revenue during the second quarter improved 6.8% year over year to $2.3 billion from $2.1 billion in the year-ago quarter. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Benis Acquires Mayor Packaging Posted: 04 Aug 2011 03:05 PM PDT Flexible plastics packaging powerhouse Bemis Company Inc. (NYSE:BMS) acquired Mayor Packaging, a privately-owned converter of consumer and specialty flexible packaging. Financial terms of the transaction were not disclosed. Mayor is based in Hong Kong but in 2008 it shifted its film conversion processing to a new purpose-built facility in Dongguan, China. For Bemis, headquartered in Neehah, Wisconsin and one of the few publicly traded plastics processors in the flexible packaging industry, the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Preview: Viacom Inc. Posted: 04 Aug 2011 03:05 PM PDT Viacom Inc. (VIA.B) is slated to release its third quarter 2011 results on Friday, August 5, 2011, before the opening bell. The current Zacks Consensus Estimate for the third quarter is pegged at 84 cents per share, representing an annualized growth of 23.82%. With respect to earnings surprises over the trailing four quarters, Viacom has outperformed the Zacks Consensus Estimate in all the four quarters. The average earnings surprise was a positive 8.43%, implying that the company has outdone … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Scorecard: Johnson & Johnson Posted: 04 Aug 2011 03:05 PM PDT Following the release of encouraging second quarter 2011 results, majority of the analysts covering Johnson & Johnson (NYSE:JNJ) revised their earnings estimates upwards for 2011. Most analysts have revised their earnings estimates upwards for 2012 as well. Second Quarter Recap Johnson & Johnson posted second-quarter 2011 earnings (excluding special items) of $1.28 per share, $0.04 above the Zacks Consensus Estimate and 5.8% above the previous year’s $1.21. The company beat expectations … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Some Stocks In Bearish Conditions Posted: 04 Aug 2011 02:52 PM PDT  ( click to enlarge ) Pharmacyclics, Inc. (NASDAQ:PCYC)  – Trendline support has been broken on the daily chart at $10.62 with the next target at $8.45. I would exit longs at this time. An aggressive trader may want to short PCYC here. The short-term trend has turned negative.   ( click to enlarge ) Rambus Inc. (NASDAQ:RMBS) ruled weak and also breached the crucial stop-loss level at $13.22. The short-term trend has now turned bearish and a drop to $11.75-11.50 appears likely. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

PCG Misses EPS, Reaffirms Guidance Posted: 04 Aug 2011 02:35 PM PDT PG&E Corporation's (NYSE:PCG) operating earning per share of $1.02 in the second quarter of 2011 fell short by a penny versus both the Zacks Consensus Estimate of $1.03. However results comfortably surpassed the year-ago number of 91 cents. The company during the reported quarter received the approval of the California Public Utilities Commission (CPUC) for its fiscal 2011 General Rate Case (GRC) and its Gas Transmission and Storage (GT&S) rate case. The settlement agreements stipulating … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Tesoro Maintains Earnings Momentum Posted: 04 Aug 2011 02:35 PM PDT Independent refiner Tesoro Corporation (NYSE:TSO) came out with impressive second-quarter 2011 results, driven by higher throughput, improved margin environment and solid operational performance.  Earnings per share (excluding special items) came in at $1.65, comfortably surpassing the Zacks Consensus estimate of $1.34 and way above the year-ago adjusted profit of 30 cents. The San Antonio, Texas-based firm reported revenue of $7,963.0 million for the three-month period. This was 13.5% above … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Lackluster Numbers From TECO Energy Posted: 04 Aug 2011 02:35 PM PDT Energy utility TECO Energy Inc. (NYSE:TE) announced its second-quarter 2011 operating earnings of 36 cents per share, at par with the Zacks Consensus Estimate and a penny above the year-ago figure.  GAAP and operating earnings remained the same with no one-time items at play. Total Revenue Total revenue at TECO Energy at the end of the second quarter was $885.7 million versus $898.8 million in the year-ago period, reflecting a decline of 1.5%. The year-over-year revenue fall was perpetrated … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

RIO Sales Up, Misses Estimate Posted: 04 Aug 2011 02:35 PM PDT Rio Tinto plc. (NYSE:RIO) has reported financial results for the first half of 2011. Net earnings attributable to ADR holders of Rio Tinto during the period were $7,587 million, up 30% year over year from $5,845 million reported in the first half of 2010. Earnings per ADR were $3.87, up from $2.97 recorded in the previous year. The recorded earnings were marginally below the Zacks Consensus Estimate of $3.90. The increase was due to favorable market condition worldwide fuelled by strong Asian … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Caterpillar To Expand In China Posted: 04 Aug 2011 02:35 PM PDT Caterpillar Inc. (NYSE:CAT) recently announced its intention to open a new facility in Xuzhou, Jiangsu Province of China. The construction will commence in 2011, while the main facility construction is scheduled for mid-2012. The facility is being established to manufacture undercarriage components and track assemblies, which are utilized for Cat hydraulic excavators. This new facility is the company's strategic move to continue expanding in  the Asia Pacific region. This new facility along … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

BOK Financial’s Outlook Positive Posted: 04 Aug 2011 02:35 PM PDT The long-term Issuer Default Ratings (IDR) of BOK Financial Corp. (NASDAQ:BOKF) and its lead bank subsidiary, BOKF, NA was affirmed by Fitch Ratings at ‘A-’. However, the rating outlook has been revised to Positive from Stable. The rating affirmation of BOK Financial can be attributed to strong and consistent performance amidst a tough credit cycle as opposed to dividend cuts or bailout relief. To the company's credit, its steady performance aided it in maintaining a solid capital position. BOK … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Zumiez’s Comps Shines Once Again Posted: 04 Aug 2011 02:35 PM PDT Zumiez Inc. (NASDAQ:ZUMZ), an action sports retailer in the United States, reported comparable store sales for the four-week period ended July 30, 2011. Total net sales for the period increased by a sharp 12.3% to $38.7 million from $34.4 million reported in the four-week period ended July 31, 2010. For the reported period, comparable store sales inched up 4.9% compared with a rise of 9.4% in the prior-year period. The July results marked the 20th consecutive month of comparable store sales … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Transocean Misses, Backlog Weak Posted: 04 Aug 2011 02:35 PM PDT Offshore drilling giant Transocean Ltd. (NYSE:RIG) reported bleak second quarter 2011 results, hurt by the decline in utilization rates, lower backlog and higher operating costs. Earnings per share, excluding expenses associated with the Macondo well incident, tax charges and loss related to impairment of three standard jackups, came in at 65 cents. The figure fell short of the Zacks Consensus Estimate of 77 cents and trailed the year-ago adjusted profit of $1.66. Total quarterly revenues of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

IBM Survives Anti-Trust Threat Posted: 04 Aug 2011 02:06 PM PDT International Business Machines Corp. (IBM), heaved a sigh of relief after the three companies which manufacture IBM-compatible mainframe hardware and software agreed to drop anti-trust complaints in the U.S. and Europe. According to the recent 10Q filed by IBM, both T3 Technologies Inc. and Neon Enterprise Software LLC have withdrawn their separate complaints filed with the European Commission. According to Bloomberg, TurboHercules SAS, the third concerned company, that develops open source … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

NCR Eyes Brazilian Expansion Posted: 04 Aug 2011 02:06 PM PDT Technology and solutions provider for the retail and financial services industries, NCR Corporation (NCR), recently entered into a strategic alliance with Scopus Tecnologia for manufacturing and developing ATMs in Brazil. According to the deal, Scopus will acquire a 49.0% equity stake in NCR Manaus, NCR's Brazilian manufacturing and engineering operations. Concurrently, Banco Bradesco (NYSE:BBD) signed an agreement with NCR in order to roll out 30,000 ATMs over the next five years. NCR is … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Denbury Posts An Impressive 2Q Posted: 04 Aug 2011 02:06 PM PDT Denbury Resources Inc. (NYSE:DNR) has reported second-quarter 2011 earnings of 37 cents per share (excluding one-time items), beating our expectation of 33 cents. The quarterly result was also well above the year-earlier adjusted earnings of 18 cents, attributable to overall higher price realization, partially offset by lower production. Total revenue jumped 21% to $601.4 million from the year-ago level of $497.2 million and comfortably surpassed the Zacks Consensus Estimate of $550 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

NRP Beats, Ups Guidance Posted: 04 Aug 2011 02:06 PM PDT Natural Resource Partners L.P. (NYSE:NRP) announced its second-quarter 2010 operating earnings of 48 cents per unit, surpassing the Zacks Consensus Estimate by 4 cents. The results of the partnership were a dime ahead of the year-ago figure. Revenue Total revenue at Natural Resource Partners at the end of the second quarter was $91.4 million versus $79.6 million in the year-ago period, reflecting a growth of 14.9%. The favorable outcome was driven mainly by positive contribution from coal royalty … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Waste Management Makes Acquistion Posted: 04 Aug 2011 02:06 PM PDT Waste Management Inc. (NYSE:WM) recently announced the acquisition of Access Computer Products Inc., a leading provider of cell phone, ink and toner cartridge, and consumer electronics reverse logistics, remarketing, and recycling services, through its subsidiary WM Recycle America, L.L.C. In addition, WM also acquired Mordell, LLC, Access' re-commerce partner responsible for refurbishing and selling used computer equipment obtained through Access and other third party suppliers. This … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Walter Energy Misses On Weather Woes Posted: 04 Aug 2011 02:05 PM PDT Second quarter operating earnings for Walter Energy Inc. (NYSE:WLT) came in at $2.36 per share, falling substantially short of the Zacks Consensus Estimate of $4.09. Such a miss stemmed from difficult geology in Alabama and weather-related challenges at both Alabama and Northeast British Columbia operations, raising the cost concerns for the company. On a GAAP basis, the leading met coal producer and supplier recorded an EPS of $1.71 compared to $2.16 earned in second quarter of 2010. Revenue and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

DIRECTV Continues Upward Movement Posted: 04 Aug 2011 02:05 PM PDT DIRECTV (NASDAQ:DTV), the largest satellite TV operator of the U.S., declared excellent second quarter 2011 financial results before the opening bell today. The solid result was the combined effect of a double-digit revenue growth, significant margin expansion, and better-than-expected net customer addition. Management's strategy to target high-end customers paid-off well as the demand for the company's HD channels and digital-video recording services sky rocketed in the reported quarter. During … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Closing Bell Market Monitor: DNDN, KFT, GM Posted: 04 Aug 2011 02:00 PM PDT 08/04/11 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 the more than 500 point Dow … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Down At The End Of U.S. Session Posted: 04 Aug 2011 01:55 PM PDT Forexpros – The Euro was lower against the U.S. Dollar on Thursday after the release of U.S. data on Initial Jobless Claims.<br/><br/> EUR/USD was trading at 1.4108, down 1.50% at time of writing.<br/><br/> The pair was likely to find support at 1.4095, today&rsquo;s low, and resistance at 1.4453, Monday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that U.S. Initial Jobless Claims fell unexpectedly to a seasonally adjusted 400K … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/JPY Up Toward The End Of U.S. Session Posted: 04 Aug 2011 01:40 PM PDT Forexpros – The U.S. Dollar was higher against the Japanese Yen on Thursday after the release of U.S. data on Initial Jobless Claims.<br/><br/> USD/JPY was trading at 78.98, up 2.50% at time of writing.<br/><br/> The pair was likely to find support at 76.31, Monday&rsquo;s low, and resistance at 80.24, today&rsquo;s high.<br/><br/> Earlier in the day, official data showed that U.S. Initial Jobless Claims fell unexpectedly to a seasonally adjusted … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Ameren Lags Bottom Line, Pares View Posted: 04 Aug 2011 01:37 PM PDT Before the bell, Ameren Corporation (NYSE:AEE) reported its second quarter 2011 results with pro forma earnings of 59 cents per share far below the prior-year figure of 73 cents per share. It missed the Zacks Consensus Estimate of 62 cents as well. The downside reflects decrease in kilowatt-hour sales to regulated utility customers due to milder temperatures in the quarter, increased storm-related expenses, higher tax rates and lower capitalized financing costs. The year-over-year earnings also … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Genomic Health Beats On EPS Posted: 04 Aug 2011 01:37 PM PDT Genomic Health (NASDAQ:GHDX) reported an EPS of 8 cents in the second quarter of fiscal 2011, way above both the Zacks Consensus Estimate of 2 cents and EPS of 3 cents in the year-ago period driven by higher revenues. Total revenue in the reported quarter climbed 17% year over year to $50.8 million, in line with the Zacks Consensus Estimate. Product revenues (primarily from the Oncotype DX breast cancer test) climbed approximately 19% to $50.5 million in the quarter. Contract revenues accounted for … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Screening For High And Rising Income Posted: 04 Aug 2011 01:37 PM PDT With the 10-year T-note yielding only 2.50%, those investors interested in getting income from their investments are in sort of a tough place. Dividend paying stocks are a very good place to look for a replacement. One thing you know for sure is that the coupon payment on a 10-year note is not going to rise. A yield of 2.50% does not offer much of a cushion against inflation. What is inflation likely to average over the next 10 years? I have no idea, but based on the spread between the regular … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Progress Energy Surpasses EPS Ests Posted: 04 Aug 2011 01:37 PM PDT Power utility company Progress Energy Inc's (NYSE:PGN) second-quarter 2011 operating earnings of 71 cents per share, jumped above the Zacks Consensus Estimate and year-ago earnings of 63 cents. In the second quarter, Progress Energy Carolinas contributed 37 cents to operating earnings per share, while Progress Energy Florida contributed 48 cents. After-tax expenses from Corporate and Other Business were 14 cents a share in the reported quarter. Total Revenue Progress Energy's total revenue of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Down Toward The End Of U.S. Session Posted: 04 Aug 2011 01:25 PM PDT Forexpros – The Euro was lower against the U.S. Dollar on Thursday after the release of U.S. data on Initial Jobless Claims.<br/><br/> EUR/USD was trading at 1.4102, down 1.55% at time of writing.<br/><br/> The pair was likely to find support at 1.4100, today&rsquo;s low, and resistance at 1.4453, Monday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that U.S. Initial Jobless Claims fell unexpectedly to a seasonally adjusted 400K … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. Markets Close Lower; Dow Jones Down 4.31% Posted: 04 Aug 2011 01:15 PM PDT Forexpros – U.S. stocks were down after the closing bell on Thursday.<br/><br/> At the close of U.S. trade, the Dow Jones Industrial Average fell 4.31%, the S&P 500 index shed 4.78%, while the Nasdaq 100 index declined 4.57%.<br/><br/> Earlier in the day, official data showed that U.S. Initial Jobless Claims fell unexpectedly to a seasonally adjusted 400K last week from 401K in the preceding week whose figure was revised up from 398K.<br/><br/> Analysts … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

The Jobless Recovery And The Education Gap, II Posted: 04 Aug 2011 01:14 PM PDT Here’s more evidence that the weakness in the current job market is directly related to educational attainment, and job losses have been greatest for workers without a high school degree (almost a 20 percent loss of jobs since 2007), and to a lesser extent for those workers with only a high school diploma (almost 10 percent).  Employment of college graduates is actually higher now than in January 2007 by about 5 percent.   I haven’t checked yet for the last two jobless … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Unilever’s Bright Q2 Posted: 04 Aug 2011 01:12 PM PDT Unilever Plc. (NYSE:UL) delivered robust earnings of $1.09 per share in the second quarter of 2011, moving up by 10% from the year-ago period. It also surpassed the Zacks Consensus Estimate of 36 cents by 11.11%. Profits went up based on improved underlying profit and disposals, with lower interest and pension costs also contributed to the higher earnings. The current Zacks Consensus Estimate is $2.29 for the full quarter of 2011. The earnings estimate for the next year is pegged at … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Equifax Buys Datavision Posted: 04 Aug 2011 01:06 PM PDT Equifax Inc. (EFX) is one of the leaders in facilitating and securing commerce through proprietary databases containing information on approximately 400 million consumers and businesses worldwide. The company recently announced the acquisition of DataVision Resources, a leading provider of data and business solutions to the mortgage, insurance and financial services industries.   The company did not disclose the financial terms of the transaction. DataVision’s operations will now become a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Kraft Misses, Plans To Split Posted: 04 Aug 2011 01:06 PM PDT Kraft Foods Inc. (NYSE:KFT) posted second quarter 2011 operating EPS went up 1.9% year over year to $0.55 a share. However, the earnings missed Zacks Consensus Estimate of $0.58 by 5.4%. Management credited the benefits of increased investments in marketing and innovation, and focus on End-to-End Cost Management for strong results in the quarter. Revenues and Margins Revenues in the quarter soared 13.3% to $13.9 billion, while organic growth was 7.1% driven by strong top line growth in all … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

GM Outshines, Profit Doubles Posted: 04 Aug 2011 01:06 PM PDT General Motors Company (NYSE:GM) posted a profit of $2.54 billion or $1.54 per share in the second quarter of the year, which almost doubled from $1.33 billion or 85 cents per share in the same quarter of 2010. With this, the automaker has beaten the Zacks Consensus Estimate by 33 cents per share. Revenue in the quarter appreciated 19% to $39.37 billion (including $330 million from GM Financial) on worldwide sales of 2.32 million units versus 2.16 million a year ago, thereby capturing a market … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Apache 2Q Soars On Prices, Volumes Posted: 04 Aug 2011 01:06 PM PDT U.S. Energy firm Apache Corp. (NYSE:APA) reported strong second-quarter results, mainly due to increased volumes and higher realized oil prices. Earnings per share, excluding one-time items, reached $3.22, comfortably surpassing the Zacks Consensus Estimate of $3.09 and way above the year-ago adjusted profit of $2.46. Revenues of $4,338.0 million were up 46.0% from the second quarter 2010 and just about managed to beat our projection of $4,316.0 million. Operational Performance The production of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

OGE Energy Beats Estimates Posted: 04 Aug 2011 01:06 PM PDT OGE Energy Corporation (NYSE:OGE) reported its second quarter 2011 results. In the reported quarter, the company with pro forma and GAAP earnings of $1.04 per share topped the Zacks Consensus Estimate of 88 cents. The results also comfortably beat year-ago earnings of 78 cents per share. The upsurge came from the extremely hot summer weather in its service territory boosting electricity sales and higher margins in its natural gas midstream business. Operational Metrics OGE Energy's operating … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Hartford’s Bottom-line Sinks Posted: 04 Aug 2011 01:06 PM PDT Hartford Financial Services Group Inc. (NYSE:HIG) reported second-quarter core earnings of $12.0 million or 2 cents per share, beating the Zacks Consensus Estimate by 1 cent. However, Hartford was way behind core earnings of $193 million or 38 cents per share reported in the second quarter of 2010. The prior-year quarter earnings include the DAC unlock charge of $168 million, benefit from net prior-year reserve development of $97 million, catastrophe loss of $87 million, net asbestos reserve … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

PRA Profits Soar, Ratios Improve Posted: 04 Aug 2011 01:06 PM PDT ProAssurance Corporation (NYSE:PRA) reported its second-quarter operating earnings of $53.7 million or $1.74 per share, which surpassed the Zacks Consensus Estimate of $1.26. This also compares favorably with earnings of $42.3 million or $1.29 per share in the prior-year quarter. Operating income excludes the after-tax effects of net realized gains or losses and guaranty fund assessments or recoupments. During the reported quarter, the negative effect of the adjustments to net income was 5 cents … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

DNDN Drops View, Provenge Lets Down Posted: 04 Aug 2011 01:06 PM PDT Dendreon Corporation (NASDAQ:DNDN) reported weaker-than-expected second quarter 2011 sales of its potential blockbuster prostate cancer vaccine Provenge. Subsequently, the company withdrew its revenue guidance for the drug, sending its share price down sharply. Dendreon's second quarter 2011 loss (including stock-based compensation expense but excluding other special items) of 69 cents per share was a penny narrower than the Zacks Consensus Estimate. Loss was, however, much narrower than the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

SCANA Bottom Line Lags, Revs Beat Posted: 04 Aug 2011 01:06 PM PDT Natural gas and electric company SCANA Corporation (NYSE:SCG) has reported second quarter 2011 earnings of 43 cents per share, missing the Zacks Consensus Estimate of 49 cents. The quarterly results were in line with the year-ago profit level and driven by improved electric margins on base rate hikes and lower operations and maintenance expenses, partially offset by the higher depreciation, higher interest expense and share dilution. Operating revenue of $1,000.0 million improved 6.5% from the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Cardinal Beats Narrowly In 4Q Posted: 04 Aug 2011 01:06 PM PDT Leading distributor of pharmaceuticals and medical supplies Cardinal Health (NYSE:CAH) posted fourth-quarter fiscal 2011 (ended June 30) adjusted (excluding one-time charges and gains) earnings per share from continuing operations of 59 cents, beating the Zacks Consensus Estimate by a penny and exceeding the year-ago earnings 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 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

El Paso Beats Estimates Posted: 04 Aug 2011 01:06 PM PDT El Paso Corporation (NYSE:EP) announced its second-quarter 2010 operating earnings of 34 cents per share, beating the Zacks Consensus Estimate by a dime. The results of the company surpassed the year-ago figure by 13 cents. GAAP earnings per share in the quarter were 25 cents versus 22 cents in the second quarter of 2010. The difference between the GAAP and operating earnings during the reported quarter was due to the impact of a few one-time items. These are a 6 cent impact for E&P financial … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Down During The U.S. Session Posted: 04 Aug 2011 12:55 PM PDT Forexpros – The British Pound was lower against the U.S. Dollar on Thursday after the release of U.S. data on Initial Jobless Claims.<br/><br/> GBP/USD was trading at 1.6260, down 1.03% 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 U.S. Initial Jobless Claims fell unexpectedly to a seasonally … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Avis Net Beats, Revs Short Posted: 04 Aug 2011 12:35 PM PDT Avis Budget Group Inc. (NYSE:CAR) posted second quarter 2011 net income of $52 million, compared with a net income of $26 million in the year-ago period. Excluding extraordinary items, quarterly net income came in at $79 million or 63 cents a share. Net income per share for the quarter was more than twice the Zacks Consensus Estimate of 31 cents and was a considerable improvement from the prior-year quarter income of 25 cents a share. The company reported a 9.0% jump in net revenues to $1,412 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CHF Down In U.S. Trading Hours Posted: 04 Aug 2011 12:30 PM PDT Forexpros – The U.S. Dollar was lower against the Swiss Franc on Thursday after the release of U.S. data on Initial Jobless Claims.<br/><br/> USD/CHF was trading at 0.7675, down 0.36% at time of writing.<br/><br/> The pair was likely to find support at 0.7610, Tuesday&rsquo;s low, and resistance at 0.7954, Monday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that U.S. Initial Jobless Claims fell unexpectedly to a seasonally … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Hot Option Plays: Pressure Posted: 04 Aug 2011 12:17 PM PDT Cusick’s Corner Nowhere to hide — except in Bonds and Gold. This is a large global distribution and I did not expect this kind of action, there is very little to get excited about today. The action has kicked longs out with stops and earnings and data at this stage is not going to move this train off the track today. We need to respect this market and fighting this action is futile. If you are positioning, fixed risk reward is the strategic approach to take, in other words — spreads. I have … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CAD Up In U.S. Trade Posted: 04 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 Initial Jobless Claims.<br/><br/> USD/CAD was trading at 0.9775, up 1.60% at time of writing.<br/><br/> The pair was likely to find support at 0.9492, Monday&rsquo;s low, and resistance at 0.9792, today&rsquo;s high.<br/><br/> Earlier in the day, official data showed that U.S. Initial Jobless Claims fell unexpectedly to a seasonally … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

MTA Webinar Link (and Special Offer!) Posted: 04 Aug 2011 12:08 PM PDT I promised the link to the recorded version of the MTA webinar from last week. Here it is: CLICK HERE to view the webinar – FREE! Special Offer! If you've been on the fence about buying my book, , let me sweeten the offer for you: Buy Secrets of a Pivot Boss from PivotBoss.com in August and receive a FREE webinar by me in September! That's right, if you buy my book from PivotBoss.com this month, you'll receive an invitation to attend a LIVE webinar by yours truly next month – FREE! … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Charles River Beats, Sales Dull Posted: 04 Aug 2011 12:03 PM PDT Charles River Laboratories International Inc. (NYSE:CRL) reported second quarter 2011 earnings (excluding special items) of 70 cents per share, above the Zacks Consensus Estimate of 60 cents and year-ago earnings of 50 cents per share. Earnings were boosted by factors like share repurchases, expansion in operating income and foreign exchange benefits rather than an improvement in the demand environment for the company's services. Quarterly revenue of $288.3 million was almost flat over the prior … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Plains Tops, Raises Guidance Posted: 04 Aug 2011 12:00 PM PDT Plains All American Pipeline, L.P. (NYSE:PAA) announced its second-quarter 2011 operating earnings of $1.12 per unit, surpassing the Zacks Consensus Estimate by 33 cents. The results of the partnership were also prominently higher than 57 cents reported in the year-ago quarter. The year-over-year earnings growth was supported by strong contributions from all three of the partnership's reporting segments. Worth mentioning among the segments was the excellent performance from Supply and Logistics, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

What Do You Want To Know When Applying For A Mortgage? Posted: 04 Aug 2011 11:45 AM PDT … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Risk Aversion Still Strong On EU Debt Concerns Posted: 04 Aug 2011 11:45 AM PDT 08/04/11 Risk aversion continued to grow this afternoon in the forex markets on weak US jobs data and fears of a spreading debt crisis in the … [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: 04 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 Initial Jobless Claims.<br/><br/> EUR/USD was trading at 1.4139, down 1.29% at time of writing.<br/><br/> The pair was likely to find support at 1.4112, today&rsquo;s low, and resistance at 1.4453, Monday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that U.S. Initial Jobless Claims fell unexpectedly to a seasonally adjusted 400K … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Health Care REIT Beats Estimates Posted: 04 Aug 2011 11:35 AM PDT Health Care REIT Inc. (NYSE:HCN), a real estate investment trust (REIT) that operates senior housing and health care real estate, reported second quarter 2011 FFO (funds from operations) of 84 cents per share, compared to 74 cents in the year-earlier quarter. 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. Excluding one-time items, recurring FFO for the reported quarter … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

American Capital Shows Strength Posted: 04 Aug 2011 11:35 AM PDT American Capital Agency Corp. (NASDAQ:AGNC), a real estate investment trust (REIT) that focuses on investments in mortgage pass-through securities and collateralized mortgage obligations (CMOs), reported earnings of $1.36 per share during second quarter 2011, compared to $1.23 in the year-earlier quarter. Excluding one-time items, recurring net income for the reported quarter was $1.41 per share. The company generated total revenues of $264.7 million during second quarter 2011 compared to $50.6 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Ventas Surpasses Estimates Posted: 04 Aug 2011 11:35 AM PDT Ventas Inc. (NYSE:VTR), a leading healthcare real estate investment trust (REIT), reported second quarter 2011 funds from operations (FFO) of $100.6 million or 57 cents per share, compared to $101.3 million or 64 cents in the year-earlier quarter. Fund from operations, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and other non-cash expenses to net income. Excluding the non-recurring items, FFO for second quarter 2011 was $141.5 million or 80 cents … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – AUD/USD Down In U.S. Trade Posted: 04 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 Initial Jobless Claims.<br/><br/> AUD/USD was trading at 1.0515, down 2.23% at time of writing.<br/><br/> The pair was likely to find support at 1.0505, today&rsquo;s low, and resistance at 1.1065, Monday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that U.S. Initial Jobless Claims fell unexpectedly to a seasonally … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

USD/CAD Surges As Oil Plunges Posted: 04 Aug 2011 11:11 AM PDT Previous: USD/CAD At a Resistance Cluster (8/3) USD/CAD Bottom and Upward Acceleration: - USD/CAD is breaking above the previous resistance pivot at 0.9778. -  The market held above 0.94, broke above a declining channel, then accelerated upwards after breaking the resistance cluster at 0.9640. - The 4H RSI has broken above 70, and shows strong bullish momentum in the short to medium term. - Now if a subsequent throwback is held above 0.9640, the market is likely in a medium term … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

MEMC Posts A Strong 2Q Posted: 04 Aug 2011 11:02 AM PDT MEMC Electronic Materials Inc. (NYSE:WFR) has reported second-quarter 2011 adjusted net income per share of 35 cents, strongly beating the Zacks Consensus Estimate of 7 cents. The outperformance was largely attributed to the strong segmental growth. The share price rose 1.86% in after-hours trading. The adjusted figure excludes the impact of restructuring charges but includes amounts related to direct sales and lease-back from the Solar Energy segment. Revenues On a GAAP basis, MEMC reported … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Steep Decline In Crude Prices Posted: 04 Aug 2011 06:00 AM PDT 08/04/11 Front month crude prices continued to decline this afternoon as European debt fears, weak jobs data and a massive sell off in US equities all combined for a steep drop in crude … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

More Good News About The Shale Gas Revolution Posted: 04 Aug 2011 10:59 AM PDT From the James A. Baker III Institute for Public Policy at Rice University: “The past decade has yielded substantial change in the natural gas industry. Specifically, there has been rapid development of technology allowing the recovery of natural gas from shale formations. The Baker Institute study “Shale Gas and U.S. National Security,” sponsored by the Department of Energy, investigates the role that U.S. shale gas will play in global energy markets as global primary energy use shifts … [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: 04 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 Initial Jobless Claims.<br/><br/> NZD/USD was trading at 0.8443, down 2.23% at time of writing.<br/><br/> The pair was likely to find support at 0.8428, today&rsquo;s low, and resistance at 0.8842, Monday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that U.S. Initial Jobless Claims fell unexpectedly to a seasonally … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Bank Of England Holds Bank Rate At 0.50% Posted: 04 Aug 2011 10:40 AM PDT The Bank of England (BoE) maintained its official Bank Rate, which is paid on commercial bank reserves, steady at 0.50%.  The BoE also made no changes to its 200 billion pound asset purchase program.  The Bank does not supply commentary with its monetary policy decisions, however the minutes of the monetary policy committee meeting will be published at 9.30am on Wednesday the 17th of August 2011, according to the Bank’s announcement.  The Bank will also release … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Dean Foods Ahead By A Penny Posted: 04 Aug 2011 10:35 AM PDT Dean Foods Company’s (NYSE:DF) adjusted earnings per share for the second quarter fiscal 2011 came in at 18 cents, well behind 29 cents recorded in the year-ago quarter but beating the Zacks Consensus Estimate of 17 cents a share. Including special charges, loss per share for the quarter came in at 28 cents a share. Quarterly Discussion Dean Foods' quarterly net sales grew 11.6% year over year to $3,298.8 million, beating the Zacks Consensus Estimate of $3,160 million. The growth was primarily a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Will BofA Settle Foreclosure? Posted: 04 Aug 2011 10:35 AM PDT Bank of America Corp. (NYSE:BAC) might reduce the loan burden on its troubled borrowers in the hope of protecting itself from the imminent mortgage servicing litigation, The Wall Street Journal reported on Wednesday. This defensivestep follows the drastic $14.5 billion loss, which the company incurred in second quarter 2011, due to mortgage related claim settlement. High foreclosure and lowmortgage levels are troubling many American states. So deep is the housing mess that it may now well lead the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

CenterPoint Beats By A Penny Posted: 04 Aug 2011 10:35 AM PDT CenterPoint Energy Inc. (NYSE:CNP) in the second quarter of 2011 posted adjusted earnings of 24 cents per share, a penny ahead of the Zacks Consensus Estimate. Results compare favorably with 20 cents earned in the year ago … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

CIGNA Posts Strong 2Q Posted: 04 Aug 2011 10:35 AM PDT CIGNA Corp.'s (NYSE:CI) second quarter core earnings of $1.53 per share were fairly ahead of the Zacks Consensus Estimate of $1.29. Earnings also compare favorably with $1.38 reported in the comparable period last year. Better-than-expected results were aided by strong earnings from across the board. Earnings per share (EPS) also benefitted from lower share count compared with the year-ago quarter.  CIGNA, the fourth-largest commercial health insurer, has reported total revenue of $5.5 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

SK Telecom Profits, Gains Users Posted: 04 Aug 2011 10:35 AM PDT SK Telecom Corp Ltd (NYSE:SKM), a leading South Korean telecom operator, has reported second quarter net income of KRW $465 billion ($418 million), up 3.6% year over year, attributable to healthy growth in smartphone subscribers. Revenues Revenues rose 5.7% year over year to KRW 4.04 trillion ($3.64 billion) in the reported quarter. Mobile service revenue inched up 1.6% year over year to KRW 2.72 trillion ($2.44 billion) and interconnection revenue dipped 2.3% to KRW 299 billion ($269 million). … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Williams Strong In 2Q Posted: 04 Aug 2011 10:35 AM PDT Williams Companies (NYSE:WMB) reported stellar second quarter 2011 results, reflecting positive production figures across most of the shale plays coupled with benefits from strategic restructuring. Earnings per share, excluding special items, came in at 39 cents, beating the Zacks Consensus Estimate by a penny. Comparing year over year, earnings improved 39.3% from 28 cents. The company generated revenues of $2.67 billion, surpassing our expectation of $2.59 billion and climbing 16.6% year over … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Central Bank Of Turkey Cuts Rate 50bps To 5.75% Posted: 04 Aug 2011 10:34 AM PDT The Central Bank of the Republic of Turkey cut its benchmark 1-week repo rate by 50 basis points to 5.75% from 6.25% after holding an emergency meeting.  The Bank also moved to increase the overnight borrowing rate to 5.00% from 1.50%, but kept the lending rate unchanged at 9.00%.  The Bank said: “Concerns regarding sovereign debt problems in some European economies and the global growth outlook have continued to intensify, increasing the risks highlighted in the July … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

ECB Holds Interest Rate At 1.50%, Resumes Bond Buying Posted: 04 Aug 2011 10:15 AM PDT The European Central Bank (ECB) held the Main refinancing operations rate unchanged at 1.50%, the Marginal lending facility at 2.25% and Deposit facility at 0.75%.  The Bank said: “The information that has become available since then confirms our assessment that an adjustment of the accommodative monetary policy stance was warranted in the light of upside risks to price stability.  While the monetary analysis indicates that the underlying pace of monetary expansion is … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

“Markets Repricing Risk…across The Board” Posted: 04 Aug 2011 10:10 AM PDT 08/04/11 ICAP’s Kenneth Polcari discusses today’s selloff in equities and the breakdown in crude oil … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

European Markets Close Lower; Dax Down 3.40% Posted: 04 Aug 2011 09:55 AM PDT Forexpros – European stocks were down after the closing bell on Thursday.<br/><br/> At the close of European trade, Germany&rsquo;s DAX fell 3.40%, London&rsquo;s FTSE 100 shed 3.43%, France&rsquo;s CAC 40 declined 3.90% and the EURO STOXX 50 was down 3.32%.<br/><br/> Earlier in the day, official data showed that U.S. Initial Jobless Claims fell unexpectedly to a seasonally adjusted 400K last week from 401K in the preceding week whose figure was revised up … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Mixed Options Trading Ensues On Dendreon Disaster Posted: 04 Aug 2011 09:51 AM PDT Mixed options trading ensues on Dendreon disaster Today's tickers: DNDN, GOLD & RYL (NASDAQ:DNDN) – Dendreon Corp. – Investors stormed Dendreon Corp. options this morning with shares hemorrhaging uncontrollably during the first 90 minutes of trade. The stock dropped as much as 68.0% to land an intraday low of $11.34. Shares in the maker of prostate-cancer drug Provenge currently trade at $11.97, a 66.6% discount to Wednesday's closing value of $35.84, as of 11:40 am ET. Traders purged … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Kraft Foods To Break Into Two Seperate Companies Posted: 03 Aug 2011 04:00 PM PDT 08/04/11 Kraft Foods Inc. announced Thursday that it will be breaking into two seperate companies, seperating the snacks division from the North American grocery … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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