DailyMarkets.com - Sears Misses Estimates, Loss Widens
DailyMarkets.com - Sears Misses Estimates, Loss Widens |
- Sears Misses Estimates, Loss Widens
- GameStop Reports Weak 2Q
- DARA’s KRN5500 Looking Attractive
- Chico’s Profit Jumps, Makes A Buy
- Canadian Solar Posts Lower Profits
- Ameriprise Sells Securities America
- Smucker Outperforms Estimates
- Delphi Reiterated At Neutral
- JA Solar Bleeds, Trims Outlook
- Donnelley Buys Sequence Personal
- CPI Up 0.5% In July, Core Inflation 0.2%
- As Equities Tumble On Weak Data, USD Reverts To Safe Haven Status
- Dutch Kijlstra Buys ZOLL AutoPulse
- CMS Stresses Green Energy In Michigan
- Initial Claims Back Over 400K
- Progressive’s Earnings Plunge
- Neutral On Honda Motor
- FDA Clears Roche’s Drug
- Forex Trading: USDCHF Battles SNB Fear And Flight To Safety Reaction
- Australian Dollar: Technical Rebound In A Bearish Trend
- Canadian Dollar: Technical Rebound In A Bearish Trend
- Fed’s Plosser: This Ain’t Working Guys
- Forex – Dollar Broadly Higher Vs. Rivals As Risk Appetite Crumbles
- “Peak Solar” Hits Tennessee As Grants Run Out
- Forex Trading: EURUSD Back Above The 200 Hour MA And 50% Correction Level
- All Conference Board Indicators Increase In July
- Word From The Floor: US Stocks Tumble, Philly Fed And Housing Disappoint
- Forex – GBP/USD Remains Lower After Flurry Of U.S. Data
- Natural Gas Futures Tumble To 5-month Low After U.S. Supply Data
- Forex Trading: GBPUSD Tests Underside Of Trendline
- Commodity Currencies, Equities Tank As Uncertainty Reemerges
- CPI Core Inflation Stays Below 2% For 32nd Month
- Forex – EUR/USD Down Sharply On Global Economic Outlook
- Forex Trading: EURUSD Falls Below 200 Hour MA And 50% Fibo Level. Next Target 1.4261
- Gold Futures Rally To USD1,827 Record After Philly Fed Report
- Are Gold & The S&P 500 Behaving Logically Or Irrationally?
- Crude Prices Slide On Growing Eurozone Debt Worries, Demand Concerns
- Morning Market Brief
| Sears Misses Estimates, Loss Widens Posted: 18 Aug 2011 10:00 AM PDT Sears Holdings Corporation (NASDAQ:SHLD) reported second-quarter 2011 adjusted loss of $1.13 per share, well above the Zacks Consensus Estimated loss of 64 cents per share while widening drastically from the prior-year quarter loss of 19 cents per share. Including special items, loss per share came in at $1.37 compared with earnings of 35 cents in the prior-year quarter.
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| Posted: 18 Aug 2011 10:00 AM PDT Weak schedule of new software title releases and lower sales made GameStop Corporation (NYSE:GME), the video game and entertainment software retailer, to post soft second-quarter 2011 results.
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| DARA’s KRN5500 Looking Attractive Posted: 18 Aug 2011 10:00 AM PDT Jason Napodano, CFA DARA Biosciences (DARA) lead product candidate is KRN5500, a non-narcotic/non-opioid, analgesic agent, currently under development for the treatment of chemotherapy-induced peripheral neuropathy (CIPN) in patients with cancer. DARA has successfully completed phase 2a studies with KRN5500 and is planning to enter phase 2b trials shortly. CIPN is a major dose limiting side effect of many commonly used chemotherapeutic agents, including … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Chico’s Profit Jumps, Makes A Buy Posted: 18 Aug 2011 10:00 AM PDT Chico’s FAS Inc. (NYSE:CHS) reported second-quarter 2011 earnings of 25 cents per share, beating the Zacks Consensus Estimate by a penny. Moreover, the quarterly earnings surged 47.0% from the prior-year quarter’s earnings of 17 cents per share.
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| Canadian Solar Posts Lower Profits Posted: 18 Aug 2011 10:00 AM PDT Canadian Solar Inc. (NASDAQ:CSIQ) reported an adjusted EPS of 24 cents in the second quarter of 2011, falling short of the Zacks Consensus Estimate of 29 cents. The company's results, however, surpassed the year-ago quarterly earnings of 7 cents.
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| Ameriprise Sells Securities America Posted: 18 Aug 2011 10:00 AM PDT Ameriprise Financial Inc. (NYSE:AMP) announced the divestiture of its independent broker-dealer business unit Securities America Financial Corp. and its subsidiaries, to Miami-based Ladenburg Thalmann Financial Services Inc. (LTS) in a $150 million deal.
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| Posted: 18 Aug 2011 10:00 AM PDT The J.M. Smucker Company (NYSE:SJM) delivered first quarter 2012 adjusted earnings of $1.12 per share, outperforming the Zacks Consensus Estimate of $1.08 and prior-year quarter of $1.04 per share.
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| Posted: 18 Aug 2011 10:00 AM PDT We are reiterating our Neutral recommendation on the shares of Delphi Financial Group Inc. (NYSE:DFG) following its second quarter 2011 earnings release.
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| JA Solar Bleeds, Trims Outlook Posted: 18 Aug 2011 10:00 AM PDT JA Solar Holdings Co. Ltd (NASDAQ:JASO) announced loss per American Depositary Share (EPADS) of 22 cents in its second quarter of 2011, which came way below the Zacks Consensus Estimate of a 3-cent loss. In the year-ago quarter the company clocked earnings per ADS of 19 cents.
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| Donnelley Buys Sequence Personal Posted: 18 Aug 2011 09:35 AM PDT Printing major R.R. Donnelley & Sons Company (RRD) recently announced that it has acquired New York-based privately held software company Sequence Personal, for an undisclosed amount.
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| CPI Up 0.5% In July, Core Inflation 0.2% Posted: 18 Aug 2011 09:35 AM PDT The Consumer Price Index (CPI) rose by 0.5% in July, more than reversing a 0.2% decrease in June and up from its 0.2% rise in May. Year over year it is up 3.6%. It was well above the consensus expectation of a 0.2% increase. Behind the Headlines Looking a little bit deeper, the increase in headline inflation is mostly with energy, and to a lesser extent, food prices. Energy prices rose 2.8%. That is after a drop of 4.4% in June and a decline of 1.0% in May. Those declines were, however, after … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| As Equities Tumble On Weak Data, USD Reverts To Safe Haven Status Posted: 18 Aug 2011 09:17 AM PDT US Dollar Rises as Investors, Traders Seek Safety The batch of weak US data included rising jobless claims, a plunge … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Dutch Kijlstra Buys ZOLL AutoPulse Posted: 18 Aug 2011 09:10 AM PDT Massachusetts-based resuscitation devices maker ZOLL Medical (NASDAQ:ZOLL) reported that its AutoPulse cardiac support pumps has been purchased by Kijlstra Ambulance BV, the largest ambulance service in the Netherlands' Friesland province. The Dutch entity has bought 22 such devices to equip its entire fleet of ambulances. Kijlstra has been using the non-invasive AutoPulse pumps on a couple of its rapid responder vehicles.
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| CMS Stresses Green Energy In Michigan Posted: 18 Aug 2011 08:50 AM PDT Consumers Energy, the major subsidiary of CMS Energy Corporation (NYSE:CMS) is focusing on green energy in a big way in its service territory Michigan. The focus comes from the company’s commitment to meet Michigan's 10% renewable energy standard. In lieu of this, the company has expanded its Experimental Advanced Renewable Program. The program provides for the long-term purchase of renewable energy generated by solar energy systems erected on properties and owned by the company’s electric … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 18 Aug 2011 08:50 AM PDT Initial Claims for Unemployment Insurance rose by 9,000 last week to 408,000. This was worse than the expected level of 400,000. Worse, last week's numbers were revised upwards by 4,000, so one could see it as a increase of 13,000. Recently they seemed stuck once again in a trading range above the 400,000 level, after a brief period lower than that earlier this year. The drop last week below 400,000 level was very good news, after 17th straight weeks above it. An earlier brief drop below … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 18 Aug 2011 08:50 AM PDT Progressive Corp.'s (NYSE:PGR) earnings per share for July 2011 were 8 cents, a plunge of 53% from 17 cents earned in the year ago period. Net income dipped 55% from the year-ago period to total $51.1 million.
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| Posted: 18 Aug 2011 08:35 AM PDT We reiterate our Neutral recommendation on Honda Motor Co. Ltd. (NYSE:HMC), which is a leading manufacturer of automobiles and the largest manufacturer of motorcycles in the world. Headquartered in Tokyo, Japan, Honda is recognized internationally for its expertise and leadership in developing and manufacturing a wide variety of products that incorporate its efficient internal combustion engine technologies ranging from small general-purpose engines to specialty sports cars.
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| Posted: 18 Aug 2011 08:35 AM PDT Roche Holdings Ltd. (RHHBY) recently received approval from the US Food and Administration (FDA) for its drug – Zelboraf (vemurafenib) for the treatment of BRAF V600E mutation-positive, inoperable or metastatic melanoma (skin cancer). The regulatory body also approved the cobas 4800 BRAF V600 mutation test.
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| Forex Trading: USDCHF Battles SNB Fear And Flight To Safety Reaction Posted: 18 Aug 2011 08:23 AM PDT The USDCHF seems to be battling the fear of the SNB and the Pavolian reaction to buy CHF in times of trouble.
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| Australian Dollar: Technical Rebound In A Bearish Trend Posted: 18 Aug 2011 08:18 AM PDT Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Canadian Dollar: Technical Rebound In A Bearish Trend Posted: 18 Aug 2011 08:18 AM PDT Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Fed’s Plosser: This Ain’t Working Guys Posted: 18 Aug 2011 08:16 AM PDT Market fears are creeping insidiously out of the wood work as fractious central bankers try to explain where there colleagues are going wrong and as bank economists rein in their growth forecasts. The morning seems completely void of any kind of silver lining with each and every one of investors' earlier fears sitting rather unappetizingly on the plate in front of them. The dollar is up while stocks are substantially lower. Commodity prices are slumping and rising bonds are creating record … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex – Dollar Broadly Higher Vs. Rivals As Risk Appetite Crumbles Posted: 18 Aug 2011 08:16 AM PDT Forexpros – The broadly higher U.S. dollar was up against most of its major counterparts on Thursday, after a flurry of disappointing U.S. economic data saw risk aversion sharpen, sparking a massive flight to safety. <br /><br />During U.S. morning trade, the greenback was up against the euro, with EUR/USD dropping 0.79% to hit 1.4312.<br /><br />Wall Street investment bank Morgan Stanley cut its outlook for global economic growth for 2012, citing an … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| “Peak Solar” Hits Tennessee As Grants Run Out Posted: 18 Aug 2011 08:08 AM PDT Nashville — “While the state has put great emphasis on solar technology in recent years, bringing that technology to bear in Tennessee homes and businesses is proving a difficult task because of the high cost of installation, which is becoming increasingly hard for the state and its citizens to swallow. Wednesday, the Tennessee Solar Institute announced it would stop processing applications for further grants as it exhausts about $10 million of stimulus funds encouraging businesses to invest … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex Trading: EURUSD Back Above The 200 Hour MA And 50% Correction Level Posted: 18 Aug 2011 07:58 AM PDT The EUEUSD has moved back above the 200 hour MA and 50% retracement at the 1.4309 level. This has muddied the water a bit for the bears as the price should have stayed below these level if the bears were strong in their conviction.
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| All Conference Board Indicators Increase In July Posted: 18 Aug 2011 07:57 AM PDT From the Conference Board report today (here): “The Leading Economic Index (LEI) for the U.S. increased for a third consecutive month in July (see chart above). Gains in the financial components and average weekly initial claims for unemployment insurance (inverted) offset the large negative contributions from vendor performance and consumer expectations. In the six-month period ending July 2011, the leading economic index increased 2.9 percent (about a 6.0 percent annual rate), slightly … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Word From The Floor: US Stocks Tumble, Philly Fed And Housing Disappoint Posted: 18 Aug 2011 07:55 AM PDT 08/18/11 Wall Street tracked global equity markets lower. Global growth concerns, euro zone debt worries and weak data dragged stocks deep into the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex – GBP/USD Remains Lower After Flurry Of U.S. Data Posted: 18 Aug 2011 07:54 AM PDT Forexpros – The pound was down against the U.S. dollar on Thursday, falling to a fresh daily low as escalating fears over the global economic outlook saw risk aversion sharpen, boosting demand for the safe-haven greenback.<br /><br />GBP/USD hit 1.6419 during U.S. morning trade, the daily low; the pair subsequently consolidated at 1.6467, shedding 0.46%. <br /><br />Cable was likely to find support at 1.6322, the low of August 16 and resistance at 1.6591, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Natural Gas Futures Tumble To 5-month Low After U.S. Supply Data Posted: 18 Aug 2011 07:44 AM PDT Forexpros – Natural gas futures extended losses on Thursday, tumbling to a five-month low after a report from the U.S. Energy Information Administration showed that natural gas inventories rose more-than-expected last week. <br /><br />On the New York Mercantile Exchange, natural gas futures for September delivery traded at USD3.853 per million British thermal units during U.S. morning trade, tumbling 2.21%. <br /><br … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex Trading: GBPUSD Tests Underside Of Trendline Posted: 18 Aug 2011 07:43 AM PDT The GBPUSD has corrected off the low and tests the underside of the trendline at the 1.6457 level. Staying below this level keeps the intraday bearishness in tact. There also is topside resistance against the high from Tuesday and the original low from today at the 1.6472 area. If these levels hold it could lead to a test of key support against the 38.2% retracement of the move up from the August 11th low, the 100 hour MA and the trendline connecting lows from August 11th and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Commodity Currencies, Equities Tank As Uncertainty Reemerges Posted: 18 Aug 2011 07:38 AM PDT Fundamental Headlines
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| CPI Core Inflation Stays Below 2% For 32nd Month Posted: 18 Aug 2011 07:36 AM PDT The BLS released its monthly CPI report today for July, here are some highlights: 1. From July of last year, the all items CPI inflation was 3.6%, the same rate as in May and June (see chart above). 2. Over the last 12 months through July, food prices have increased by 4.2% (highest since March 2009), overall energy prices by 19%, and gasoline prices by 33.6%. Oil prices have fallen by almost 17% over the last month from mid-July, which would mean that energy inflation has … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex – EUR/USD Down Sharply On Global Economic Outlook Posted: 18 Aug 2011 07:32 AM PDT Forexpros – The euro was down sharply against the broadly stronger U.S. dollar on Thursday, dropping to a three-day low as a flurry of weak U.S. data exacerbated fears over global economic growth prospects.<br /><br />EUR/USD hit 1.4270 during U.S. morning trade, the lowest since August 15; the pair subsequently consolidated at 1.4290, retreating 0.92%.<br /><br />The pair was likely to find support at 1.4149, the low of August 12 and resistance at 1.4516, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex Trading: EURUSD Falls Below 200 Hour MA And 50% Fibo Level. Next Target 1.4261 Posted: 18 Aug 2011 07:22 AM PDT The EURUSD fell sharply after the terrible Philly Fed index (-30 vs expectations of +2). The fall is as a result of a flight into the safety of the dollar against that pair at least. Stock markets in the US and Europe are getting hit with French banks coming under particular pressure. The next target comes in now at the 1.4260 level. This is the 61.8% of the move up from the August 11th low. The bears will be looking for the 1.4309 level to hold the correction … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Gold Futures Rally To USD1,827 Record After Philly Fed Report Posted: 18 Aug 2011 07:22 AM PDT Forexpros – Gold futures rallied to a fresh record high on Thursday, topping USD1,827 an ounce after a flurry of disappointing U.S. economic data saw risk aversion sharpen, sparking a massive flight to safety. <br /><br />On the Comex division of the New York Mercantile Exchange, gold futures for October delivery traded at USD1,825.85 a troy ounce during U.S. morning trade, soaring 1.92%. <br /><br />It earlier rose as much as 2% to trade … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Are Gold & The S&P 500 Behaving Logically Or Irrationally? Posted: 18 Aug 2011 07:20 AM PDT JW Jones – http://www.optionstradingsignals.com/specials/index.php
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| Crude Prices Slide On Growing Eurozone Debt Worries, Demand Concerns Posted: 18 Aug 2011 02:15 AM PDT 08/18/11 Crude took a steep dive this morning following a steep drop in global equities affecting future demand … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 18 Aug 2011 01:15 AM PDT 08/18/11 The latest in news, commentary, and information on what’s moving the US equities markets just prior to the NYSE opening bell: a rise in jobless claims & steep declines in global … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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