Monday, October 24, 2011

DailyMarkets.com - Citi ThankYou Premier Card – Get $665 In Air Tickets Now!

DailyMarkets.com - Citi ThankYou Premier Card – Get $665 In Air Tickets Now!

Citi ThankYou Premier Card – Get $665 In Air Tickets Now!

Posted: 24 Oct 2011 07:35 AM PDT

We are thrilled to inform you that Citi (NYSE:C) has just launched a new and exclusive time-limited credit card offer, the Citi ThankYou Premier Card, which gives you a signing bonus of 50,000 bonus points, redeemable for $500 in gift cards, after spending only $2,500 during the first 3 months. This is a great offer as many travel credit cards don't reward you with any signing bonus, and those that do usually offer one that is much lower. Apart from this fabulous signing incentive, this card … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Is A Bullish Price Advance Brewing In Coffee?

Posted: 24 Oct 2011 06:33 AM PDT

Monday, October 24, 2011
Friday’s upside breakout may signal that Coffee prices are ready to resume their move higher. The lows of the recent consolidation near 220.00 may be signaling a near-term bottom is in place. Some aggressive traders who are expecting the recent lows to hold may possibly wish to explore selling out-of-the-money puts in Coffee futures options with a strike price below support at 220.00. For example, with December Coffee trading at 244.00 as of this writing, the December … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Eaton EPS In Line, Misses Revenue

Posted: 24 Oct 2011 06:30 AM PDT

Industrial manufacturer Eaton Corporation (NYSE:ETN) has released its third quarter 2011 earnings results, which grew 37% year over year on a per-share basis, mainly on 11% end-market growth.
Eaton's operating earnings per share reached $1.08 in the quarter, in line with the Zacks Consensus Estimate of $1.08 and exceeded earnings of 79 cents in the year-ago period. On a reported basis, the company clocked earnings of $1.07 versus 78 cents in the year-ago period. The variance of a penny between … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Portfolio Recovery Steady At Neutral

Posted: 24 Oct 2011 06:30 AM PDT

We have reiterated our Neutral recommendation on Portfolio Recovery Inc. (NASDAQ:PRAA) based on top-line growth and improving financial position, which are partly offset by increasing operating expenses and high competition.
Portfolio Recovery generated second-quarter income from continuing operations of $26.11 million or $1.51 per share, surpassing the Zacks Consensus Estimate of $1.42 and the prior-year earnings of $19.5 million or $1.14 per share.
Portfolio Recovery remains a small but … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Tellabs, Inc.

Posted: 24 Oct 2011 06:17 AM PDT

Tellabs, Inc. (NASDAQ:TLAB), is slated to release its third quarter 2011 results on Tuesday, October 25, before the opening bell. The current Zacks Consensus Estimate for the third quarter is pegged at a loss of 2 cents, representing an annualized negative growth of 109.38%.
With respect to earnings surprises over the trailing four quarters, Tellabs has outperformed the Zacks Consensus Estimate in two of the last four quarters. The average earnings surprise was negative 42.46%.
Second Quarter … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stock Market News Briefs: General Electric Company, Harman International Industries, Incorporated, McDonald’s, PETsMART, TCF Financial, Verizon Communications, Wells Fargo & Company, Cimarex Energy Co

Posted: 24 Oct 2011 06:12 AM PDT

    McDonald’s Corp. (NYSE:MCD) posted third quarter 2011 earnings of $1.45 per share, surpassing the Zacks Consensus Estimate of $1.43

    General Electric Co. (NYSE:GE) reported third quarter 2011 earnings results with earnings per share from continuing operations coming in at $0.31, in line with the Zacks Consensus Estimate

    Harman International Industries Inc. (NYSE:HAR) posted first quarter 2012 earnings of $0.69 per share that substantively … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Market Remains Optimistic

Posted: 24 Oct 2011 06:05 AM PDT

Market optimism about the European situation refuses to die down despite the delay in the agreement on a comprehensive plan out of the weekend summit meeting. The expectation now is that the plan will be unveiled at another summit meeting on Wednesday. We also have a number of key economic reports on the domestic front coming out this week, with the first read on the third quarter GDP report as the most significant.

Euro-zone leadership appears to be coming around to the realization that the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Eaton EPS In Line, Misses Revenue

Posted: 24 Oct 2011 06:00 AM PDT

Industrial manufacturer Eaton Corporation (NYSE:ETN) has released its third quarter 2011 earnings results, which grew 37% year over year on a per-share basis, mainly on 11% end-market growth.
Eaton's operating earnings per share reached $1.08 in the quarter, in line with the Zacks Consensus Estimate of $1.08 and exceeded earnings of 79 cents in the year-ago period. On a reported basis, the company clocked earnings of $1.07 versus 78 cents in the year-ago period. The variance of a penny between … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Equity Residential

Posted: 24 Oct 2011 06:00 AM PDT

Equity Residential (NYSE:EQR), a multifamily real estate investment trust (REIT), is scheduled to report its fiscal 2011 third quarter earnings results after the market closes on October 26. The current Zacks Consensus Estimate for the third quarter is 62 cents per share, representing a year-over-year growth of 11.8%.
Second Quarter Recap
Equity Residential reported second quarter 2011 FFO (fund from operations) of 58 cents per share, which was in line with the Zacks Consensus Estimate. ‘Fund from … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

World Economic Power Is Shifting Back To The U.S.A.: The 21st Century May Be American After All

Posted: 24 Oct 2011 06:00 AM PDT

Ambrose Evans-Pritchard writing in the U.K. Telegraph:

“The American phoenix is slowly rising again. Within five years or so, the US will be well on its way to self-sufficiency in fuel and energy. Manufacturing will have closed the labor gap with China in a clutch of key industries. The current account might even be in surplus.

“The U.S. was the single largest contributor to global oil supply growth last year, with a net 395,000 barrels per day,” said Francisco Blanch from Bank of America, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Eaton EPS In Line, Misses Revenue

Posted: 24 Oct 2011 05:55 AM PDT

Industrial manufacturer Eaton Corporation (NYSE:ETN) has released its third quarter 2011 earnings results, which grew 37% year over year on a per-share basis, mainly on 11% end-market growth.
Eaton's operating earnings per share reached $1.08 in the quarter, in line with the Zacks Consensus Estimate of $1.08 and exceeded earnings of 79 cents in the year-ago period. On a reported basis, the company clocked earnings of $1.07 versus 78 cents in the year-ago period. The variance of a penny between … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: 3M Company

Posted: 24 Oct 2011 05:50 AM PDT

3M Company (MMM) is slated to release its third-quarter 2011 results on Tuesday, October 25, 2011. The current Zacks Consensus Estimate for third-quarter earnings per share (EPS) is $1.61, representing an annualized growth of 4.90%.  
3M's earnings were in line with the Zacks Consensus Estimate in the last quarter while had outperformed over the previous trailing three quarters with an average positive surprise of 2.76%.
Second Quarter Highlights
3M Company reported second-quarter … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Brightpoint Upgraded To Outperform

Posted: 24 Oct 2011 05:35 AM PDT

We upgrade our recommendation on Brightpoint Inc. (NASDAQ:CELL) to Outperform based on our view that galloping demand for high-end smartphones and tablets throughout the world will drive the company's valuation level higher in the near future. We believe the long-term business prospect of Brightpoint remains intriguing buoyed by the growing demand for high-end pocket digital assistances globally.  
Newly acquired devices distribution agreements coupled with effective cost control strategies … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Futures Mixed Amid E.Z. Concerns; Dow Jones Up 0.12%

Posted: 24 Oct 2011 05:34 AM PDT

Forexpros – U.S. stock futures pointed to a mixed open on Monday, amid ongoing concerns over the capacity of European leaders to tackle the region’s debt crisis.

Ahead of the open, the Dow Jones Industrial Average futures pointed to a rise of 0.12%, S&P 500 futures signaled a 0.08% fall, while the Nasdaq 100 futures indicated a 0.11% increase.

Market sentiment strengthened earlier, as European leaders appeared to be making progress on a plan to stem the region’s debt crisis, including … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Texas Instruments

Posted: 24 Oct 2011 05:16 AM PDT

Texas Instruments Inc. (NYSE:TXN) is scheduled to announce its third quarter fiscal 2011 results on October 24, 2011, and we notice downward movements in analyst estimates.
Second Quarter Overview
TexasInstrumentsdelivered a decent second quarter, with pro forma earnings per share of 58 cents exceeding the Zacks Consensus Estimate by 5 cents, or 9.4%.
The company reported revenue of $3.46 billion, which was up 1.9% sequentially and at the lower end of the originally guided range of $3.41 billion … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Oil Outlook Rests On ConfLicted Risk Trends, Gold Up On QE3 Talk

Posted: 24 Oct 2011 05:11 AM PDT

Talking Points

Crude Oil Outlook Clouded with Risk Sentiment Trend in Flux
Gold, Silver Gains as Fed Officials Talk Up QE3 Possibilities

WTI Crude Oil (NY Close): $87.40 // +2.10 // +2.46%
Crude oil remains firmly anchored to underlying risk appetite, showing a firm correlation with the S&P 500, which casts a cloud over the near-term outlook as markets conflicting cues from economic data with an unnerving outcome to the first part of the week's EU debt crisis summit.
On that data front, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/USD Dips As EU Summit Hopes Dwindle

Posted: 24 Oct 2011 05:09 AM PDT

Forexpros – The pound trimmed gains against the U.S. dollar on Monday, easing back from a six-week high as hopes for a near term resolution to the debt crisis in the euro zone waned, denting demand for riskier assets.

GBP/USD pulled back from 1.5999, the pair's highest since September 8, to hit 1.5945 during European afternoon trade, dipping 0.02%.

Cable was likely to find support at 1.5753, last Friday's low and resistance at 1.6082, the high of September 8.

European Union leaders … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Honeywell Beats Estimates (revised)

Posted: 24 Oct 2011 05:04 AM PDT

Honeywell International Inc.'s (NYSE:HON) reported third-quarter 2011 earnings results, reporting earnings per share from continuing operations of $1.10, beating the Zacks Consensus Estimate of 99 cents.

Total Revenue

Total revenue was $9.3 billion, an increase of 14% y/y. Organically, total revenue was up 8% year over year, led by strong performance in every market. 

The company reported a revenue increase in all its segments.

Segment Performance

Aerospace segment sales climbed 8% … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Good

Posted: 24 Oct 2011 05:04 AM PDT

Third quarter earnings results are pouring in.  So far I would characterize the season as good, but not great. We have 126, or 25.2%, of the S&P 500 firms reporting so far. That sort of understates things a bit, since those 25.2% of firms represent 39% of all expected earnings for the quarter (provided that the remaining 374 firms all report exactly in line with expectations).

The year-over-year growth rate for the S&P 500 is 12.13%. That is actually well above the 3.33% growth … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Tellabs Downgraded To Underperform

Posted: 24 Oct 2011 05:04 AM PDT

We downgrade our recommendation on Tellabs Inc. (NASDAQ:TLAB) to Underperform, ahead of its third-quarter 2011 financial results. The downgrade is backed by our assessment that the poor performance of the company will continue in the near future. Tellabs' woe continues as the company posted weak financial results for the second quarter of 2011 and also provided a tepid outlook for the ensuing third quarter.
The company's globally reputed high-margin digital cross-connect products are still … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Hits Fresh Daily Low As E.Z. Hopes Wane

Posted: 24 Oct 2011 04:43 AM PDT

Forexpros – The euro hit a fresh daily low against the U.S. dollar on Monday, as weak PMI data in the single currency bloc overshadowed optimism over an imminent plan to tackle the region’s debt crisis.

EUR/USD hit 1.3821 during early European afternoon trade, a new daily low; the pair subsequently consolidated at 1.3849, shedding 0.33%.

The pair was likely to find support 1.3684, the low of October 13 and resistance at 1.3953, the day’s high.

Sentiment on the single currency was dented … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Wheat Futures Near 2-week High On EU Hopes, U.S. Crop Woes

Posted: 24 Oct 2011 04:32 AM PDT

Forexpros – Wheat futures rose sharply on Monday, hovering close to the previous session's two-week high after European leaders indicated progress on resolving the region's debt crisis, while lingering concerns over U.S. winter-wheat crop conditions also lent support.

On the Chicago Mercantile Exchange, wheat futures for December delivery traded at USD6.4262 a bushel during European morning trade, jumping 1.62%.

It earlier rose by as much as 1.95% to trade at a daily high of USD6.4688 a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/GBP Near 2-week Low After Euro Zone PMI Data

Posted: 24 Oct 2011 04:06 AM PDT

Forexpros – The euro was down against the pound on Monday, trading close to a two-week low after worse-than-expected euro zone PMI data tempered optimism over a deal to tackle the region's escalating debt crisis.

EUR/GBP hit 0.8674 during European early afternoon trade, the daily low; the pair subsequently consolidated at 0.8685, shedding 0.29%.

The pair was likely to find support at 0.8651, the low of September 26 and resistance at 0.8732, Monday's high.

Earlier in the day, data … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CHF Edges Up Amid Hopes For EU Deal

Posted: 24 Oct 2011 03:42 AM PDT

Forexpros – The U.S. dollar edged higher against the Swiss franc on Monday, as optimism over a deal to resolve the debt crisis in the euro zone was tempered by weaker-than-expected euro zone PMI data.

USD/CHF hit 0.8870 during European late morning trade, the daily high; the pair subsequently consolidated at 0.8865, gaining 0.47%.

The pair was likely to find support at 0.8701, the low of September 21 and resistance at 0.8952, Friday's high.

Market sentiment remained supported after … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Copper Futures Rally On Hopes For EU Debt Solution, China Data

Posted: 24 Oct 2011 03:31 AM PDT

Forexpros – Copper futures rallied on to a three-day high on Monday, after European leaders indicated progress on resolving the region's ongoing debt crisis and as data pointed to an improvement in Chinese manufacturing.

On the Comex division of the New York Mercantile Exchange, copper futures for December delivery traded at USD3.361 a pound during European morning trade, surging 4.28%.

It earlier rose by as much as 4.4% to trade at USD3.367 a pound, the highest price since October … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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