| Pendulum Swings On American Oil Independence Posted: 31 Oct 2011 05:28 PM PDT From Ed Crooks, writing in the Financial Times: “Along with oil booms that are under way or expected across North America, from Alberta to Texas, is a development that holds profound implications for the economy of the US and its status as superpower. In prospect is energy independence – a decades-old dream of American politicians of all stripes. "Over the past couple of years, there has been a great U-turn in US oil supply," says Daniel Yergin of IHS Cera, the research group. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards 
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| Forex – EUR/USD Down During The Asian Session Posted: 31 Oct 2011 04:10 PM PDT Forexpros – The Euro was lower against the U.S. Dollar on Monday. EUR/USD was trading at 1.3840, down 0.13% at time of writing. The pair was likely to find support at 1.3800, Wednesday's low, and resistance at 1.4246, Thursday's high. Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.03% to hit 0.8617 and EUR/JPY rising 0.04% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards 
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| Retailers Get Early Start On Holiday Season Posted: 31 Oct 2011 03:50 PM PDT |
| Talisman Energy Downgraded Posted: 31 Oct 2011 03:35 PM PDT We have downgraded Canadian energy explorer Talisman Energy Inc. (NYSE:TLM) to Underperform from Outperform following the cut in its annual production target for the second time in about two months.
Calgary, Alberta-based Talisman is a major independent oil and gas exploration and production (E&P) company, with operations in North America (primarily Canada) and several international regions.
The company conducts operations in five principal geographic segments: North America (Canada/U.S.), the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards 
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| Forex – NZD/USD Up In Asian Trade Posted: 31 Oct 2011 03:35 PM PDT Forexpros – The New Zealand Dollar was higher against the U.S. Dollar on Monday. NZD/USD was trading at 0.8069, up 0.02% at time of writing. The pair was likely to find support at 0.7915, Wednesday's low, and resistance at 0.8242, Friday's high. Meanwhile, the New Zealand Dollar was down against the Australian Dollar and up against the Euro, with AUD/NZD gaining 0.02% to hit 1.3054 and EUR/NZD falling 0.08% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards 
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| Hot Option Plays: EU Gets A Haircut Posted: 31 Oct 2011 03:34 PM PDT Cusick’s Corner
With the 50% haircut now out and known, the market is in bull mode but we are at a critical point, 1275 level on the SPX, which is the 200-Day Moving Average. This move has squeezed much of that sideline money into the market but the shorts might be seeing this move as an opportunity to challenge, especially since we got to these levels so quickly. Crude is a barometer for me, if I see some weakness or profit taking that might be a sign, at least for the short term, that battle … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards 
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| Hot Option Plays: Watching To See If Support Holds Posted: 31 Oct 2011 03:34 PM PDT Cusick’s Corner
This was quite a move today and was sustained into the close with the S&Ps closing right at its best levels, 1284.59 in the SPX cash. Technically this market has come a long way to the upside and most technicians might look at these levels, over the 200-Day MA, and say that a pullback might be in the works. The potential issue is that it has made this move in one day and forced (as discussed in previous Corners) the sideline money to chase. Tomorrow I will be watching to see … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards 
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| Hot Option Plays: Inside Day Posted: 31 Oct 2011 03:34 PM PDT Cusick’s Corner
The chop into the Midday is not surprising, and what looks to be a potential inside day is not surprising either. An inside day is when today’s price action stays within the price action of the previous session. When we see this kind of action it typically signals potential indecision and depending on the market action, whether this happens at a market low after a sustained pullback, or at a market high after a prolonged run to the upside, technicians look for a shift in market … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards 
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| Hot Option Plays: Taking A Breather Posted: 31 Oct 2011 03:34 PM PDT Cusick’s Corner
I will take a much needed rest after what has shaped up to be a monumental week and month. To put this in perspective, the S&Ps have shot up almost 20%, 1068-1280, in one month, and we have not seen that kind of move since 2009 and before that 1998. A rest at this stage is healthy and next week will have a highly anticipated IPO of Groupon (GRPN scheduled for NOV 4th) and a continued flow of earnings. On the Groupon (GRPN) IPO, while there will be a lot of fanfare, one … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards 
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| Hot Option Plays: Dollar Pops, Market Drops Posted: 31 Oct 2011 03:34 PM PDT Cusick’s Corner
EU plan is still murky and uncertain participants look to be potentially taking profits after a historic move this month. The sectors that are taking it on the chin this midday are the very sectors that have been leading the past few weeks, most notably Energies (XLE) and Materials (XLB). When you look at these sectors this month alone, they have run up over 30%, so a pullback could be healthy, allowing the sideline money to get into these sectors. I just want point out how … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards 
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| Hot Option Plays: Trick Or Treat? Posted: 31 Oct 2011 03:34 PM PDT Cusick’s Corner
What a month — with the S&Ps up over 11% and the impressive move on Friday, consolidation could be somewhat expected. If you take into consideration the overbought nature of the market and how fast it got there, one day, a pullback seems to make some sense. Add in the lack of clear recapitalization of EU banks and the ripples from the MF situation, today’s action is….well one day and at this stage looking to be contained. I will watch to see if the shift out of risk … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards 
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| BSD Promotes Hyperthermia Tech Posted: 31 Oct 2011 03:20 PM PDT Cancer treatment systems maker BSD Medical Corp. (NASDAQ:BSDM) recently reported favorable response to its hyperthermia exhibit at the international conference of the American Society for Radiation Oncology ("ASTRO"), organized in Miami Beach.
The topic for the 2011 conference centered around "patient-focused, high-quality, multidisciplinary care," which provided the spotlight to hyperthermia. Hyperthermia has proven to be the strongest radiosensitizing agent identified until now. It has … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards 
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| FOMC Meeting Begins, ISM Manufacturing, US Construction Spending, Auto Sales; Earnings – Credit Suisse, Dollar Thrifty, Pfizer; PMI Manufacturing – China, Euro-zone, Germany, UK Posted: 31 Oct 2011 03:20 PM PDT |
| AES Wind Farm In Service Posted: 31 Oct 2011 03:15 PM PDT The AES Corporation's (NYSE:AES) two subsidiaries AES Wind Generation and AES Energy Storage began the commercial operation of their wind generation plant known as AES Laurel Mountain.
The plant comprises 98 megawatt (MW) of wind generation capacity and 32 MW of integrated battery-based energy storage capacity. The 61 wind turbines are mounted on 80-meter towers positioned along a 13-mile stretch of Laurel Mountain located in Randolph and Barbour counties near Elkins, West Virginia.
AES Laurel … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards 
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| Earnings Preview: Quanta Services Posted: 31 Oct 2011 03:15 PM PDT Quanta Services Inc. (NYSE:PWR) is slated to release its third-quarter 2011 results on Wednesday, November 2, 2011. The current Zacks Consensus Estimate for third-quarter earnings per share (EPS) is 24 cents, representing an annualized decline of 18.89%.
Quanta Services' earnings were ahead of the Zacks Consensus Estimate by 2 cents in the last quarter while had underperformed in the first quarter of 2011 and was in line in third quarter and fourth quarter of 2010 with an average … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards 
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| Earnings Preview: Health Care REIT Posted: 31 Oct 2011 02:55 PM PDT Health Care REIT Inc. (NYSE:HCN), a real estate investment trust (REIT) that operates senior housing and health care real estate, is scheduled to report its fiscal 2011 third quarter earnings results before the market opens on November 3. The current Zacks Consensus Estimate for the third quarter is 88 cents per share, representing a year-over-year growth of 11.6%.
Second Quarter Recap
Health Care REIT reported second quarter 2011 recurring FFO (funds from operations) of 90 cents per share, which … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards 
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| Five Turnaround Stocks With Breakout Potential Posted: 31 Oct 2011 02:54 PM PDT ( click to enlarge ) Oclaro, Inc. (OCLR) pulled back today on low volume after last week’s nice run. To be bearish on OCLR, this pullback requires more volume to support that move. The technical indicators are looking better now for the stock. The MACD indicator has moved above its signal line and stochastic chart is still in bullish territory. In addition, ADX is beginning to move up and this coincides with the gain in momentum. Support is at $3.87 level and resistance is at $4.37 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards 
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| Rite Aid’s Comps Improved Posted: 31 Oct 2011 02:50 PM PDT Rite Aid Corporation (NYSE:RAD), a leading drugstore chain operator, reported an increase of 2.9% in same-store sales for the four-week period ended October 22, 2011. Increase in comparable store sales were primarily driven by increased prescription counts and growth at pharmacy and front-end same store sales.
For the month of October, front-end same-store sales inched up 1.3%. Pharmacy same-store sales in the month improved 3.6% despite a 160 basis point headwind from new generic introductions. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards 
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| Unilever Sheds Some Culver Brands Posted: 31 Oct 2011 02:50 PM PDT Unilever Plc.(NYSE:UL) has decided to get rid of some more of its Alberto Culver brands, and this time it is shedding the Culver Specialty Brands division, which includes Mrs. Dash, Molly McButter, Sugar Twin, Bakers Joy and Static Guard in the US and Canada.
U.S.-based B&G Foods Inc. (NYSE:BGS) has emerged as an interested buyer, and Unilever has agreed to sell the brands for a return of $325 million in cash.
The world's leading manufacturer of fast moving consumer goods, Unilever had … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards 
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| Earnings Scorecard: Altria Posted: 31 Oct 2011 02:50 PM PDT Altria Group, Inc. (NYSE:MO), which engages in the manufacture and sale of cigarettes, smokeless products, and wine in the United States and internationally, announced its financial results for the third quarter 2011 on October 27.
Earnings Review
Altria's third-quarter earnings came in at 56 centsper share, which were in-line with the Zacks Consensus Estimate. However, it was up 3.7% from the prior-year quarter. The quarter benefited from strong performance of its businesses, new share … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards 
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| Forex Trading: Usd/hkd Testing The 100 Hour Moving Average. Posted: 31 Oct 2011 02:36 PM PDT |
| Forex Trading: Usd/cnh Getting Close To The Top Of The Downward Channel Posted: 31 Oct 2011 02:36 PM PDT |
| Forex Trading: Usd/sgd Broke Out Of A Hourly Channel. Posted: 31 Oct 2011 02:36 PM PDT |
| Earnings Scorecard: Rent-A-Center Posted: 31 Oct 2011 02:35 PM PDT Rent-A-Center Inc. (NASDAQ:RCII), one of the largest rent-to-own operators, recently delivered better-than-expected third-quarter 2011 results.
Street analysts had nearly a week to ponder the news. In the subsequent paragraphs, we will cover the recent earnings announcement, analysts' estimate revisions as well as the Zacks Rank and long-term recommendation on the stock.
Earnings Report Review
The quarterly earnings of 60 cents a share beat the Zacks Consensus Estimate of 58 cents, but dropped … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards 
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| Earnings Scorecard: St. Jude Posted: 31 Oct 2011 02:35 PM PDT Medical devices major St. Jude Medical's (NYSE:STJ) adjusted earnings per share of 78 cents for third-quarter 2011 beat the Zacks Consensus Estimate by a couple of cents and exceeded the year-ago earnings of 72 cents.
Third Quarter Revisited
Profit, as reported, climbed 8.7% year over year to $226.5 million (or 69 cents a share) as healthy sales overshadowed special charges related to the restructuring activities at the company's Cardiac Rhythm Management ("CRM") division, employee … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards 
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| Brazil To Surpass U.K. In 2011 To Be No. 6 Economy Posted: 31 Oct 2011 02:33 PM PDT Brazil’s amazing economic rise: It will surpass U.K. this year to become No. 6 economy in world. In 2007, the U.K. economy was 2X larger than Brazil. As recently as four years ago in 2007, the U.K. as the world’s sixth largest economy, produced more than twice as much economic output as Brazil: $2.8 trillion of GDP for the U.K. vs. less than $1.4 trillion for Brazil, based on IMF data available here (see chart above). But then the global economic slowdown took a huge toll on the U.K. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards 
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| Pollaxed Posted: 31 Oct 2011 02:26 PM PDT pole·ax
verb /ˈpōˌlaks/
poleaxed, past participle; poleaxed, past tense; poleaxes, 3rd person singular present; poleaxing, present participle
1. Hit, kill, or knock down with or as if with a poleax
2. Cause great shock to (someone)
- I was poleaxed by this revelation
Aside from the dead cat bounce we saw last Friday in the University of Michigan Consumer Sentiment Index report for October, virtually every survey being published nowadays suggests the U.S. economy is poised to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards 
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| Earnings Scorecard: American Electric Power Posted: 31 Oct 2011 02:15 PM PDT On October 26, 2011, American Electric Power Company Inc. (NYSE:AEP), a public utility holding company, posted mixed third-quarter 2011 results.
In the paragraphs that follow, we cover the recent earnings announcement, subsequent analysts' estimate revisions as well as the Zacks Rank and long-term recommendation for the stock.
Quarterly Review
American Electric Power posted a strong third quarter 2011 adjusted EPS of $1.17, beating the year-ago figure of $1.15 and the Zacks Consensus Estimate of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards 
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| Eni Beats, Volume Falls Posted: 31 Oct 2011 02:06 PM PDT Eni SpA's (NYSE:E) adjusted third quarter 2011 earnings per ADR of $1.41 (€0.50 per share) were well above the Zacks Consensus Estimate of $1.16. The quarter's earnings were up 18.5% from $1.19 per ADR (€0.46 per share) earned in the year-earlier quarter.
Total revenue jumped 15% to €26.11 billion ($36.96 billion) in the quarter from the year-ago revenue of €22.70 billion ($29.28 billion).
The quarter's performance was buoyed by an improved operating performance from the Exploration … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards 
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| Nexen Beats By A Penny, Cuts View Posted: 31 Oct 2011 02:06 PM PDT Nexen Inc.'s (NYSE:NXY) third-quarter 2011 income from continuing operations of 33 US cents per share (32 Canadian cents) beat the Zacks Consensus Estimate by a penny and improved significantly from a loss of 10 US cents in the year-earlier quarter. The outperformance was mainly attributable to higher price realization, which more than offset the lower production level.
Total revenue jumped nearly 6% to C$1,524 million (US$1,558.1 million) from the year-earlier level of C$1,438 million … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards 
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| Green Mountain Spreads In Virginia Posted: 31 Oct 2011 02:06 PM PDT Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR) has decided to pump in $180 million in Wight County, southeastern Virginia for a production and distribution center that has the potential to create as many as 800 jobs over the next five years.
The facility will come up on a 330,000-square-foot building spanning across 64 acres, to house coffee roasting, grinding, flavoring and packing of Green Mountain’s specialty coffee business unit.
Waterbury, VT-based Green Mountain Coffee Roasters has revealed … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards 
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| After Last Week’s Rally, Dow Drops 275 Points As Eurozone Debt Crisis Concerns Resurface Posted: 31 Oct 2011 02:00 PM PDT |
| Autoliv Misses, Profits Fall Posted: 31 Oct 2011 01:59 PM PDT Autoliv Inc. (NYSE:ALV) recorded a decline in profit to $138.4 million or $1.48 per share in the third quarter of 2011 from $140.1 million or $1.51 per share in the same quarter of 2010. The company has missed the Zacks Consensus Estimate by a penny.
Consolidated sales appreciated 16% to $2.02 billion reflecting a boost of 6% due to currency translation. Organic sales rose by 9% during the quarter.
The company's sales were highly influenced by recent vehicle launches and a favorable vehicle mix, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards 
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| Neutral On Noble Energy Posted: 31 Oct 2011 01:59 PM PDT We retain our Neutral recommendation on Noble Energy Inc. (NYSE:NBL), as we expect the stock to continue performing in line with the broader market.
Noble Energy’s third quarter top-line and bottom line results continued to impress driven by better price realizations from hydrocarbons sales. We believe the company is well tuned to reach its 2011 guidance given the additional volumes from the Marcellus Shale joint venture with CONSOL Energy Inc. (NYSE:CNX) and the early start-up of Aseng in Equatorial … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards 
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| Patterson-UTI Reports Mixed 3Q Posted: 31 Oct 2011 01:59 PM PDT Onshore contract driller Patterson-UTI Energy Inc. (NASDAQ:PTEN) has reported mixed third quarter 2011 results.
Earnings per share (adjusted) of 55 cents failed to match the Zacks Consensus Estimate of 57 cents but jumped significantly from the year-ago profit of 19 cents.
Quarterly revenue of $673.8 million shot up 77.9% from the year-earlier level of $378.7 million. The revenue also surpassed our projection of $672.0 million. The performance was driven by enhanced drilling activities in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards 
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| Forex – EUR/USD Down At The End Of U.S. Session Posted: 31 Oct 2011 01:55 PM PDT Forexpros – The Euro was lower against the U.S. Dollar on Monday after the release of U.S. data on Chicago PMI. EUR/USD was trading at 1.3859, down 2.05% at time of writing. The pair was likely to find support at 1.3800, Wednesday's low, and resistance at 1.4246, Thursday's high. Earlier in the day, data showed that The U.S.'s Chicago PMI fell more-than-expected to a seasonally adjusted 58.4 last month from 60.4 in the preceding month. Analysts had expected the Chicago PMI to fall … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards 
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| F5 Outperforms In 4Q Posted: 31 Oct 2011 01:51 PM PDT F5 Networks Inc. (NASDAQ:FFIV) has posted fourth quarter fiscal 2011 earnings per share (EPS) of 84 cents, strongly beating the Zacks Consensus Estimate of 77 cents.
The outperformance was attributable to solid revenues aided by the growing demand for the company's products, as well as market share gains.
Revenues
F5 Networks reported revenues of $314.6 million in the fourth quarter, up 23.7% from $254.3 million in the year-ago period.
The quarter's revenue was above the company's guided range … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards 
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| Cyberonics Seeks AspireHC Approval Posted: 31 Oct 2011 01:51 PM PDT Recently, Cyberonics, Inc. (NASDAQ:CYBX) submitted an application to the US Food and Drug Administration (FDA) and its European notified body, DEKRA Certification, B.V. for redesigning its AspireHC generator, whose shipments were discontinued by the company earlier.
Additionally, the company expects to resubmit the AspireSR generator for ethics committee and competent authority approvals for the resumption of the E-36 clinical trial in Europe by the end of fiscal 2012.
In August 2011, Cyberonics … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards 
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| Ingram Earnings In Line With Est Posted: 31 Oct 2011 01:51 PM PDT Ingram Micro Inc. (NYSE:IM) has reported third-quarter 2011 earnings per share of 35 cents, just matching the Zacks Consensus Estimate.
Revenues
Ingram Micro's third quarter revenue of $8.90 billion increased 5.3% from $8.45 billion in the year-ago quarter. The improvement may be attributed to modest sales growth across all geographic regions and improved Information Technology (IT) spending. Foreign currency translation had a 4% positive impact on revenue.
Revenue contribution from North … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards 
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| America Movil Slips On Rate Cut Posted: 31 Oct 2011 01:51 PM PDT America Movil (NYSE:AMX), the largest telecom carrier in Latin America has reported third quarter earnings per ADR of 39 cents below the Zacks Consensus Estimate of 47 cents and down 14.6% from 46 cents in the year-ago quarter.
After producing sequential gains in the first half of the year, earnings for the quarter were primarily affected by lower interconnection charges translation. Net profit plunged 21.2% year over year to MXN$18.6 billion ($1.5 billion).
Total revenue was approximately … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards 
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| Unicom Posts Stable Profit, Revs Up Posted: 31 Oct 2011 01:51 PM PDT China Unicom (NYSE:CHU), China’s second largest mobile operator, announced results for the first nine months of 2011 with earnings per share of RMB 0.18 ($0.27 per share), which is flat year over year.
Adjusted net income inched up 0.3% year over year to RMB 4.263 billion ($0.656 billion). High costs associated with 3G service deployments and network expansion were compensated by strong revenues.
Revenue & Subscriber
Total revenue climbed 23.5% year over year to RMB 155.92 billion ($24 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards 
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| Avnet Misses By A Penny Posted: 31 Oct 2011 01:51 PM PDT Avnet, Inc (NYSE:AVT) reported a net income of $139.0 million or $0.90 per diluted share in the first quarter of fiscal 2012 compared to a net income of $238.1 million or $1.54 per share in the fourth quarter of fiscal 2011 and a net income of $138.2 million or $0.90 in the year-ago quarter.
The net reported in the quarter missed the Zacks Consensus Estimate by a penny and was at the low-end of management's guidance range of $0.90 -$0.98.
Quarter in Detail: Sales came in at $6,426.0 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards 
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| Earnings Scorecard: LabCorp Posted: 31 Oct 2011 01:51 PM PDT The announcement of Laboratory Corporation of America Holdings' (NYSE:LH) third quarter fiscal 2011 results, as on October 20, 2011, has led analysts to revise their estimates lower for the fourth quarter and fiscal 2011.
Third Quarter Highlights
LabCorp reported adjusted EPS of $1.61 (excluding amortization, restructuring and other special charges) for the third quarter of fiscal 2011. The result was higher than the Zacks Consensus Estimate of $1.60 and the previous year’s adjusted EPS of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards 
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| Forex – USD/JPY Up Toward The End Of U.S. Session Posted: 31 Oct 2011 01:40 PM PDT Forexpros – The U.S. Dollar was higher against the Japanese Yen on Monday after the release of U.S. data on Chicago PMI. USD/JPY was trading at 78.18, up 3.10% at time of writing. The pair was likely to find support at 75.58, today's low, and resistance at 79.53, today's high. Earlier in the day, data showed that The U.S.'s Chicago PMI fell more-than-expected to a seasonally adjusted 58.4 last month from 60.4 in the preceding month. Analysts had expected the Chicago PMI to fall to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards 
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| OMC Penetrates Deeper Into India Posted: 31 Oct 2011 01:36 PM PDT Omnicom Group Inc. (NYSE:OMC), the company behind agencies such as BBDO and DDB, recently announced its agreement to acquire a majority stake in Mudra Group, India’s leading integrated marketing communications group. This move is considered to be the company's biggest push into Asia’s third largest economy and the subcontinent's one of the largest advertising conglomerates.
Omnicom already had a 10% stake in Mudra Group, the DDB Worldwide partner, since 1993. The deal is expected to give … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards 
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| Fidelity Ropes In 80 New Clients Posted: 31 Oct 2011 01:36 PM PDT Fidelity National Information Services Inc. (NYSE:FIS), the provider of banking and payments technology, will be providing prepaid processing solutions to 80 new clients across the globe. Fidelity's prepaid processing activities range from account set up to card production, inventory management, transaction processing and funds settlement. Also included is fraud detection and dispute processing among other facets of the system.
Among the new clients, Los Angeles-based company 24/7 Card, which … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards 
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| U.S. Faces Severe Shortages Of Farm Workers Posted: 31 Oct 2011 01:30 PM PDT 1. NPR — “Alabama farmers are facing a labor crisis because of the state’s new immigration law as both legal and undocumented migrant workers have fled the state since the strict new rules went into effect last month. In Baldwin County on the Gulf Coast, strawberry planting season is just a few weeks away. Farmers are wondering if they’ll have the crews to get the plants in the ground. Alabama Agriculture Commissioner John McMillan says there’s no doubt the immigration law has left farmers … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards 
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| Forex – EUR/USD Down Toward The End Of U.S. Session Posted: 31 Oct 2011 01:25 PM PDT Forexpros – The Euro was lower against the U.S. Dollar on Monday after the release of U.S. data on Chicago PMI. EUR/USD was trading at 1.3846, down 2.14% at time of writing. The pair was likely to find support at 1.3800, Wednesday's low, and resistance at 1.4246, Thursday's high. Earlier in the day, data showed that The U.S.'s Chicago PMI fell more-than-expected to a seasonally adjusted 58.4 last month from 60.4 in the preceding month. Analysts had expected the Chicago PMI to fall … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards 
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| Earnings Miss For The Medicines Co Posted: 31 Oct 2011 01:20 PM PDT The Medicines Company (NASDAQ:MDCO) reported third-quarter earnings of 12 cents per share, including the impact of stock-based compensation expense. Third-quarter earnings were well below the year-ago earnings of 40 cents and the Zacks Consensus Estimate of 19 cents.
Despite an increase in revenues, higher expenses led to the decline in earnings. Revenues, up 14.2% at $120.8 million, were in line with the Zacks Consensus Estimate. Reported third quarter 2011 EPS increased to $1.34 from 40 cents in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards 
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| Teradyne Guidance Disappoints Again Posted: 31 Oct 2011 01:20 PM PDT Teradyne Inc's (NYSE:TER) third quarter results beat the Zacks Consensus Estimate by 7 cents, or 29.2%.
Revenue
Revenue of $344.4 million was down 16.1% sequentially and down 31.4% from June 2011, but better than management's guidance of $320-$340 million.
Around 70% of revenue in the last quarter came from semiconductor testing platforms, while the balance came from system testing. The segments were down 29.7% and up 51.5%, respectively from the June 2011 quarter. Semiconductor test also … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards 
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| PMC-Sierra Posts Decent 3Q Posted: 31 Oct 2011 01:20 PM PDT PMC-Sierra Inc. (NASDAQ:PMCS) has reported third quarter 2011 earnings of 15 cents per share, beating the Zacks Consensus Estimate of 14 cents. The higher gross margins and effective cost control measures led to higher earnings in the last quarter. The adjusted earnings per share exclude one-time items, but include stock-based compensation expense.
Revenue
PMC-Sierra reported revenue of $173.3 million in the third quarter, up 6.8% from $162.3 million in the year-ago period, but below the Zacks … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards 
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| Earnings Scorecard: Johnson & Johnson Posted: 31 Oct 2011 01:20 PM PDT Following the release of third quarter 2011 results, majority of the analysts covering Johnson & Johnson (NYSE:JNJ) revised their earnings estimates. While 2011 estimates have been revised in both directions, 2012 estimates have gone predominantly downwards.
Third Quarter Recap
Johnson & Johnson posted third quarter 2011 earnings (excluding special items) of $1.24 per share, three cents above the Zacks Consensus Estimate of $1.21 and 0.8% above the year-ago earnings of $1.23.
Johnson & … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards 
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| U.S. Markets Close Lower; Dow Jones Down 2.26% Posted: 31 Oct 2011 01:15 PM PDT Forexpros – U.S. stocks were down after the closing bell on Monday. At the close of U.S. trade, the Dow Jones Industrial Average fell 2.26%, the S&P 500 index shed 2.47%, while the Nasdaq 100 index declined 1.72%. Earlier in the day, data showed that The U.S.'s Chicago PMI fell more-than-expected to a seasonally adjusted 58.4 last month from 60.4 in the preceding month. Analysts had expected the Chicago PMI to fall to 59.0 last month. Meanwhile, across the Atlantic, European stock … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards 
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| Everest Re Beats Posted: 31 Oct 2011 01:13 PM PDT Everest Re Group Ltd. (NYSE:RE) reported third quarter 2011 operating profit of $2.70 per share, substantially ahead of the Zacks Consensus Estimate of $1.91. Results also compare favorably with earnings of $2.76 per share in the year-ago quarter.
The earnings out-performance was led by stronger core underwriting results, due to better underlying margins and slightly higher earned premiums, positive alternative investment income, lower derivative and other expenses, higher recurring net investment … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards 
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| DFC Global Beats, Reaffirms Outlook Posted: 31 Oct 2011 01:05 PM PDT DFC Global Corp. (NASDAQ:DLLR) reported operating earnings of 50 cents per share for the fiscal first quarter 2012, ending September 30, ahead of the Zacks Consensus Estimate of 48 cents per share but dramatically higher than 32 cents earned in the year-ago quarter.
The operating results exclude non-cash interest expense resulting from the adoption of ASC 470-20, unrealized foreign exchange loss, non-cash impact of hedge ineffectiveness, cross-currency swap amortization, reserve for litigation … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards 
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| Novo Nordisk Beats On Victoza Sales Posted: 31 Oct 2011 01:05 PM PDT Basel, Switzerland-based Novo Nordisk (NYSE:NVO) reported earnings of $1.40 per American Depository Receipt (ADR), in the third quarter 2011, above the Zacks Consensus Estimate of $1.33. Earnings were also ahead of the prior-year earnings of $1.07 per ADR.
The favorable outcome was driven by strong performance of diabetes drug Victoza and lower-than-expected research and development (R&D) expenses.
On a nine-month basis adjusted earnings were $4.09 per ADR versus $3.15 per ADR in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards 
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| Schwab To Acquire Compliance11 Posted: 31 Oct 2011 01:05 PM PDT Charles Schwab Corp. (NASDAQ:SCHW) has announced a deal to acquire Chicago-based Compliance11 Inc., a firm providing cloud-based, regulatory compliance software. The company is planning to integrate the acquired firm into its Designated Brokerage Services (DBS) business.
Although Schwab did not disclose the financial terms, it stated that the acquisition is expected to close by the end of this year, pending customary closing conditions.
Compliance11 is a leading provider of cloud based compliance … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards 
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| NCR Posts Decent 3Q Results Posted: 31 Oct 2011 12:55 PM PDT NCR Corp. (NYSE:NCR) posted third quarter 2011 earnings per share of 53 cents, beating the Zacks Consensus Estimate of 48 cents.
Revenue
NCR Corp. reported revenues of $1.40 billion in the third quarter, up 16.2% from $1.20 billion in the year-ago quarter. Financial services generated revenue of $770.0 million in the reported quarter, an increase of 17.6% from the third quarter of 2010. This apart, the company witnessed across most geographies, which includes North America, Europe, Caribbean and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards 
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| HCP Beats By A Cent Posted: 31 Oct 2011 12:55 PM PDT HCP, Inc (NYSE:HCP) reported FFO (funds from operations) of $259.6 million or 63 cents per share in the third quarter of 2011 compared with $96.1 million or 31 cents per share in the year-earlier quarter. Funds 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 non-recurring items, FFO in the reported quarter came in at $274.9 million or 67 cents per share compared with … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards 
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| Forex – EUR/USD Down In U.S. Trading Hours Posted: 31 Oct 2011 12:55 PM PDT Forexpros – The Euro was lower against the U.S. Dollar on Monday after the release of U.S. data on Chicago PMI. EUR/USD was trading at 1.3852, down 2.10% at time of writing. The pair was likely to find support at 1.3800, Wednesday's low, and resistance at 1.4246, Thursday's high. Earlier in the day, data showed that The U.S.'s Chicago PMI fell more-than-expected to a seasonally adjusted 58.4 last month from 60.4 in the preceding month. Analysts had expected the Chicago PMI to fall … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards 
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| PXP Sells Interest In GoM Posted: 31 Oct 2011 12:50 PM PDT Oil and gas company Plains Exploration & Production Co. (NYSE:PXP) announced that it has entered into an agreement with EIG Global Energy Partners (“EIG”) to sell a 20% equity interest in Plains Offshore Operations Inc. (“Plains Offshore”), its wholly owned subsidiary, for $450 million.
Plains Offshore has been developed to hold Plains Exploration’s Gulf of Mexico assets, including the Lucius oil development project, a well-appraised discovery with first production expected in 2014. The … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards 
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| Forex Trading: EURUSD Is Testing The Water Below The 200 Hour MA Again Posted: 31 Oct 2011 12:34 PM PDT The 1.3926 is the 200 hour MA and the price of the EURUSD has rotated back below this level in the last hour of trading. The corrective move off the low peaked short of the 1.3958 level (1.3952 was the high), kieeping the bears in control. Staying below the 200 hour MA and a move below the low for the day at the 1.39048 level is the next target. Below that the 1.3892 level, 1.3848 level and the 1.37976 (key low from last week) will be eyed.
Looking at the daily chart, the low today … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards 
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| Forex Trading: EURUSD Breaks Lower. Greek Vote Of Confidence Vote Cited Posted: 31 Oct 2011 12:34 PM PDT The Greek PM Papendrieou says he will ask for a vote of confidence. He also hints at electios if referendum on Greek aid deal fails. This has the market worried on the potential failure. That coupled with the breaking of support on the daily trendline at the 1.3905 level has the pair trading ugly into the US stock market close. The 1.3848 level has been tested (low from October 25th). A break below that level will next target the 1.3825 level which is the 38.2% of the move up from … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards 
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| The Occupiers’ Responsive Chord Posted: 31 Oct 2011 12:28 PM PDT A combination of police crackdowns and bad weather are testing the young Occupy movement. But rumors of its demise are premature, to say the least. Although numbers are hard to come by, anecdotal evidence suggests the movement is growing.
As importantly, the movement has already changed the public debate in America.
Consider, for example, last week's Congressional Budget Office report on widening disparities of income in America. It was hardly news – it's already well known that the top 1 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards 
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| VeriSign Tops Estimates Posted: 31 Oct 2011 12:20 PM PDT VeriSign, Inc. (NASDAQ:VRSN) reported a net income of $58.9 million or $0.36 per diluted share in the third quarter of 2011 compared to a net loss of $10.6 million or $0.06 per diluted share in the previous quarter and a net income of $784.9 million or $4.48 per share in the year-ago quarter.
Excluding one-time items but including stock-based compensation expense, net income came in at $0.35 per share, beating the Zacks Consensus Estimate of $0.33.
VeriSign reported revenue of $197 million in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards 
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| Forex – USD/CAD Up In U.S. Trade Posted: 31 Oct 2011 12:10 PM PDT Forexpros – The U.S. Dollar was higher against the Canadian Dollar on Monday after the release of U.S. data on Chicago PMI. USD/CAD was trading at 0.9949, up 0.31% at time of writing. The pair was likely to find support at 0.9892, Thursday's low, and resistance at 1.0177, Wednesday's high. Earlier in the day, data showed that The U.S.'s Chicago PMI fell more-than-expected to a seasonally adjusted 58.4 last month from 60.4 in the preceding month. Analysts had expected the Chicago PMI … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards 
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| LSU-Alabama Tickets On Stubhub For $10,000 Posted: 31 Oct 2011 11:56 AM PDT TUSCALOOSA, Alabama – “Simple question: Would you pay $10,423.14 to watch No. 1 LSU at No. 2 Alabama? That is the listed price per ticket on Stubhub.com for a seat in the lower level north end zone in row 25. You can pick seat 17 or 18, or buy both for a total of $20,486.28. Tack on an additional $16.49 for overnight delivery of the ticket(s). There are dozens of tickets being sold for more than $1,000 per ticket (see sample ticket prices … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards 
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| Forex – USD/JPY Up During The U.S. Session Posted: 31 Oct 2011 11:35 AM PDT Forexpros – The U.S. Dollar was higher against the Japanese Yen on Monday after the release of U.S. data on Chicago PMI. USD/JPY was trading at 78.03, up 2.91% at time of writing. The pair was likely to find support at 75.58, today's low, and resistance at 79.53, today's high. Earlier in the day, data showed that The U.S.'s Chicago PMI fell more-than-expected to a seasonally adjusted 58.4 last month from 60.4 in the preceding month. Analysts had expected the Chicago PMI to fall to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards 
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| European Markets Close Lower; Dax Down 3.23% Posted: 31 Oct 2011 11:15 AM PDT Forexpros – European stocks were down after the closing bell on Monday. At the close of European trade, Germany's DAX fell 3.23%, London's FTSE 100 shed 2.77%, France's CAC 40 declined 3.16% and the EURO STOXX 50 was down 3.13%. Earlier in the day, official data showed that The unemployment rate in the euro zone rose unexpectedly to a seasonally adjusted 10.2% last month from 10.1% in the preceding month whose figure was revised up from 10.0%. Analysts had expected the unemployment … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards 
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| The Trend Trader For Stock Trading On Tuesday, November 1, 2011 Posted: 31 Oct 2011 04:33 AM PDT By ForexMansion.com The Trend Trader for the Dow 30 Stocks
For Trading On Tuesday, November 1, 2011 In alphabetical order by symbol Close
%
Change 3×1 7×5
Minor
Trend
Major
Trend
Trend Reading AA – Alcoa Inc
10.76
− 7.00
11.21
11.11 Bearish AXP – American Express Company
50.62
− 2.84
51.58
50.92 Bearish BA – Boeing Co
65.79
− 3.49
67.39
66.83 Bearish BAC – Bank of America Corporation
6.83
− 7.07
7.11
7.07 Bearish CAT – Caterpillar Inc
94.46
− … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards 
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| The Trend Trader For ETF Trading On Tuesday, November 1, 2011 Posted: 31 Oct 2011 04:33 AM PDT By ForexMansion.com The Trend Trader for ETFs
For Trading On Tuesday, November 1, 2011 The top 40 ETFs by net assets
In alphabetical order by symbol Close
%
Change 3×1 7×5
Minor
Trend
Major
Trend
Trend Reading AGG – iShares Lehman Aggregate Bd Fd
110.03
+ 0.47
109.52
109.41 Bullish BND – Vanguard Total Bond Market ETF
83.62
+ 0.44
83.30
83.26 Bullish DBC – DB Commodity Index Tracking Fd
27.72
− 1.53
28.02
27.99 Bearish DIA – SPDR DJ Industrial Average … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards 
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| The Trend Trader For Futures Trading On Tuesday, November 1, 2011 Posted: 31 Oct 2011 04:33 AM PDT By ForexMansion.com The Trend Trader for Futures
For Trading On Tuesday, November 1, 2011 INDICES Close
%
Change 3×1 7×5
Minor
Trend
Major
Trend
Trend Reading S&P 500 – Dec ESZ1
1249.25
− 2.48
1270.19
1262.25 Bearish Dow Jones – Dec YMZ1
11897
− 2.28
12081
12009 Bearish Nasdaq – Dec NQZ1
2356.00
− 1.69
2381.53
2364.00 Bearish Russell – Dec TFZ1
739.30
− 2.66
753.87
743.87 Bearish INTEREST RATES US T-Bond – Dec ZBZ1
139-01
+ … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards 
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| The Trend Trader For Forex Trading On Tuesday, November 1, 2011 Posted: 31 Oct 2011 04:33 AM PDT By ForexMansion.com The Trend Trader for Forex
For Trading On Tuesday, November 1, 2011 THE BIG SIX Close
%
Change 3×1 7×5
Minor
Trend
Major
Trend
Trend Reading AUDUSD – Aust Dollar / US Dollar
1.0529
− 1.60
1.0633
1.0589 Bearish EURUSD – Euro / US Dollar
1.3858
− 2.09
1.4071
1.4066 Bearish GBPUSD – British Pound / US Dollar
1.6086
− 0.18
1.6083
1.6052 Bullish USDCAD – US Dollar / Canadian Dollar
1.0004
+ 0.90
0.9952
1.0006 Neutral USDCHF – US Dollar … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards 
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| Daily Commodities Update: Heating Oil Posted: 31 Oct 2011 02:32 AM PDT By ForexMansion.com
By Jonah S. Ford
Monday's sharp pullback in Heating Oil futures set a bearish tone for the week ahead. After a prolonged rally into new monthly highs, Autochartist has signaled a breakout with the potential for a significant correction in the near term. Heating Oil futures have been trading inside of a Rising Wedge chart pattern since the swing low occurred near $2.70 per gallon at the beginning of October. A steady climb to above $3.10 completed the pattern, which is … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards 
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