Friday, October 14, 2011

DailyMarkets.com - Earnings Preview: Forest Labs

DailyMarkets.com - Earnings Preview: Forest Labs


Earnings Preview: Forest Labs

Posted: 14 Oct 2011 07:54 AM PDT

Forest Labs (NYSE:FRX) is all set to announce its second quarter fiscal 2012 results on October 18. The Zacks Consensus Estimate for the second quarter is 98 cents, representing a year-over-year decline of 2%.
First Quarter Fiscal 2012 Highlights
Forest Labs reported strong earnings in the first quarter, beating the Zacks Consensus Estimate by a huge margin. Earnings came in at $1.04 for the first quarter of fiscal 2012, easily beating the Zacks Consensus Estimate of 96 cents and the year-earlier … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Hansen Announces Share Buyback

Posted: 14 Oct 2011 07:40 AM PDT

Corona, California-based manufacturer of beverages, Hansen Natural Corporation (NASDAQ:HANS) in a bid to enhance shareholders' value and retain their long-term confidence in the company recently announced a share repurchase program. As per the announcement, the company will repurchase common shares worth $250 million.
Hansen stated that currently it has no shares outstanding for repurchase as the company has completed its previously announced share buyback program worth $200 million. As of June … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex Trading: GBPUSD Buoyed By Market Optimism As Well

Posted: 14 Oct 2011 07:32 AM PDT

The GBPUSD has been buoyed by the EU optimism as well and looks toward the next target resistance at the 1.5859 level. This is the topside channel resistance off the hourly chart (see … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


MMI Unveils New 4G Handset

Posted: 14 Oct 2011 07:15 AM PDT

Motorola Mobility Holdings Inc.(MMI) continues to expand its 4G-enabled smartphone portfolio with the recent launch ofMotorola ATRIX 2 smartphone.
The new 4G-enabled handset is based on the popular Android 2.3 (Gingerbread) and 1 GHz dual-core processor, which facilitates faster downloading speed. It also features an 8 megapixel camera, which supports HD video recording.
The new ATRIX 2 is also compatible with Lapdock 100, MotorolaMobility's new webtop-based device that improves the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Reverse Brain Drain: U.S. Workers Head To Canada

Posted: 14 Oct 2011 07:09 AM PDT

GLOBE AND MAIL — “Canada's stronger economy is becoming a magnet for Americans hunting for work. In a reversal of historical flows, immigration lawyers report a surge of calls from Americans who want to move north. Statistics bear out their observations: A record number of Americans applied for temporary work visas last year, Immigration Canada statistics show, spurred largely by the contrasting health of the two countries' labor markets.

The U.S. jobless rate is 9.1 per cent while … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Crude Oil, Gold Gains May Prove Fleeting As Risk Appetite Falters

Posted: 14 Oct 2011 07:08 AM PDT

Talking Points

Crude Oil Following S&P 500 Higher After Strong US Retail Sales Report
Gold, Silver Continue to See US Dollar as Risk Trends Transmission Conduit

WTI Crude Oil (NY Close): $84.23 // -1.34 // -1.57%
Crude oil remains anchored to broad-based risk sentiment trends, with prices continuing to show a strong correlation with the S&P 500 and following the benchmark index higher in early trade as investors respond to a better-than-expected US Retail Sales report. Confidence may … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Illumina Strengthens Portfolio

Posted: 14 Oct 2011 07:05 AM PDT

Recently, Illumina (NASDAQ:ILMN) introduced three types of workflow solutions, namely TruSeq Custom Amplicon Kits, New Nextera DNA Sample Preparation Kits and BaseSpace, to support the company's MiSeq personal sequencer system by delivering a sequencing ecosystem that has a unique integration capability with user friendly qualities.
In a separate development, the company also announced the availability of novel human exome content for three new microarrays, the Infinium HumanExome, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – NZD/USD Up During The European Session

Posted: 14 Oct 2011 06:55 AM PDT

Forexpros – The New Zealand Dollar was higher against the U.S. Dollar on Friday after the release of U.S. data on Retail Sales.

NZD/USD was trading at 0.8020, up 0.84% at time of writing.

The pair was likely to find support at 0.7706, Monday's low, and resistance at 0.8043, today's high.

Earlier in the day, official data showed that retail sales in the U.S. rose more-than-expected to a seasonally adjusted 1.1% last month, from 0.3% in the preceding month whose figure was revised up … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Unilever Eyeing OAO Concern Kalina

Posted: 14 Oct 2011 06:50 AM PDT

Unilever Plc.(NYSE:UL) has decided to take over Russian skincare company OAO Concern Kalina for about $850 million. The deal is expected to be announced on Friday.
Kalina was initially a state-owned Soviet cosmetics and perfume business. The company changed its name to Kalina seven years after it was privatized in 1992. The company is a leading player in the Russian market, occupying 30.4% of the country’s face-cream market and 35.6% of its hand and body lotion market. It is also a leader in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


The Buffett Rule Act For The Undertaxed Among Us

Posted: 14 Oct 2011 06:50 AM PDT

ROLL CALL — “Congressional Republicans are countering President Barack Obama’s attempt to raise taxes on millionaires, and they are appropriating his proposal’s name to do it.

Rep. Steve Scalise (R-La.) and Sen. John Thune (R-S.D.), backed by anti-tax advocate Grover Norquist, introduced the Buffett Rule Act last week. The bill would instruct the IRS to add a check box on 1040 forms for taxpayers to indicate that they want to voluntarily pay extra. In a statement, Thune said the bill would … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Pepsi Forays Into Yogurt Market

Posted: 14 Oct 2011 06:40 AM PDT

The world's leading beverage and snacks maker Pepsico Inc. (NYSE:PEP) has decided to put its footing into the yogurt world, as it inches toward a joint venture with German dairy company Theo Muller Group. By virtue of the deal, Pepsi and Theo Muller will launch a yogurt brand in the U.S., which still awaits christening.  
Theo Muller is Germany's largest privately-owned dairy business with operations in many other European countries as well as Israel. The group has strong brands like … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Positive Retail Sales Surprise

Posted: 14 Oct 2011 06:40 AM PDT

Favorable data on consumer spending and reassuring noise from Europe will likely put stocks in a positive mood today. We got better-than-expected Retail Sales data this morning, which provides reassuring evidence of resilience in consumer spending. Lingering positivity from last night’s blowout results from Google (NASDAQ:GOOG) will likely rub off on the technology sector, offsetting worries about banks highlighted by J.P. Morgan’s (NYSE:JPM) results.

But let’s talk about Europe first, as they seem to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Markets In Everything: Saddam’s Bronze Buttocks

Posted: 14 Oct 2011 06:39 AM PDT

Al Arabyia News — “A bronze buttock from the statue of late Iraqi dictator Saddam Hussein toppled in Baghdad after the U.S.-led invasion in 2003 is to be auctioned in Britain, an auction house said Tuesday.

A former soldier from Britain's elite SAS regiment retrieved the two-foot (0.6-meter) wide piece of history and took it back to Britain shortly after U.S. marines dragged the statue down on live television. Nigel "Spud" Ely, now 52, was working with media covering the fall of Baghdad … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Higher Yielding Currencies Continue Gains As G-20 Finance Ministers Meet

Posted: 14 Oct 2011 06:38 AM PDT

Fundamental Headlines
• European Rescue Plan Takes Shape – Bloomberg
• Retail Sales Rise 1.1% in September, Beating Forecasts – Bloomberg
• Greek Government Vows to Pass Cuts in "Fight for Existence" – Reuters
• Rating Cut Puts Spain Back on Crisis Radar – Reuters
• Berlusconi Wins Confidence Vote – WSJ
European Session Summary
"Biggest weekly gain against the U.S. Dollar." This has been the phrase that best describes the price action of the major currencies against … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex Trading: EURUSD Makes New Week Highs. Looks To Test The 50% Of The Move Down From August

Posted: 14 Oct 2011 06:31 AM PDT

The 50% of  the move down from August comes in at the 1.3846 level.
The move to new week highs has taken the price above the 38.2% of the move down from the 2011 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – EUR/CHF Up In European Trade

Posted: 14 Oct 2011 06:30 AM PDT

Forexpros – The Euro was higher against the Swiss Franc on Friday after the release of U.S. data on Retail Sales.

EUR/CHF was trading at 1.2403, up 0.23% at time of writing.

The pair was likely to find support at 1.2305, Monday's low, and resistance at 1.2435, Monday's high.

Earlier in the day, official data showed that retail sales in the U.S. rose more-than-expected to a seasonally adjusted 1.1% last month, from 0.3% in the preceding month whose figure was revised up from … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Pepsi Forays Into Yoghurt Market

Posted: 14 Oct 2011 06:20 AM PDT

The world's leading beverage and snacks maker Pepsico Inc. (NYSE:PEP) has decided to put its footing into the yoghurt world, as it inches toward a joint venture with German dairy company Theo Muller Group. By virtue of the deal, Pepsi and Theo Muller will launch a yoghurt brand in the U.S., which still awaits christening.  
Theo Muller is Germany's largest privately-owned dairy business with operations in many other European countries as well as Israel. The group has strong brands like … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Huge Gender Differences Persist On SAT Math Test

Posted: 14 Oct 2011 06:17 AM PDT

Math SAT Percentile Ranks: Males and Females, 2011

 Score 
 Percentile 
  Male
 Female 
 M-F Ratio … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Stock Market News Briefs: Altera, China Medical Technologies, Google, Hatteras Financial Corp, J P Morgan Chase & Co, Lindsay, RightNow Technologies, Volcano Corporation

Posted: 14 Oct 2011 06:11 AM PDT

    Google (NASDAQ:GOOG) reported Q3 diluted EPS of $8.33, beating the Zacks Consensus Estimate of $7.59 per share. Revenues for the quarter came in at $9.72 billion

    JPMorgan Chase & Company (NYSE:JPM) reported third quarter earnings per share of $1.08, higher than the Zacks Consensus Estimate of $0.93 cents

    U.S. listed share prices of China Medical Technologies Inc. (NASDAQ:CMED) gained 11.56% to close at $5.50 after the diagnostic system maker … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Valmont Posts Strong 3Q

Posted: 14 Oct 2011 05:50 AM PDT

The third-quarter 2011 net earnings of Valmont Industries Inc. (NYSE:VMI), a leading producer of engineered products, increased 62% to $1.59 per share from last years' $0.98.
Quarterly revenues, however, jumped 27.4% year over year to $672.2 million. The third- quarter results were driven by a significant growth in Irrigation Segment sales, increased revenue in every segment and strong market fundamentals.
Segment Review
Irrigation Segment: The segment manufactures mechanized irrigation … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – EUR/USD Up On Economic Data

Posted: 14 Oct 2011 05:50 AM PDT

Forexpros – The Euro was higher against the U.S. Dollar on Friday after the release of U.S. data on Retail Sales.

EUR/USD was trading at 1.3798, up 0.15% at time of writing.

The pair was likely to find support at 1.3395, Monday's low, and resistance at 1.3834, Wednesday's high.

Earlier in the day, official data showed that retail sales in the U.S. rose more-than-expected to a seasonally adjusted 1.1% last month, from 0.3% in the preceding month whose figure was revised up from … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


U.S. Retail Sales Rise More-than-expected

Posted: 14 Oct 2011 05:45 AM PDT

Forexpros – Retail sales in the U.S. rose more-than-expected last month, official data showed on Friday.

In a report, the Census Bureau said that retail sales rose to a seasonally adjusted 1.1%, from 0.3% in the preceding month whose figure was revised up from 0.0%.

Analysts had expected retail sales to rise 0.5% last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Canadian Manufacturing Sales Rise More-than-expected

Posted: 14 Oct 2011 05:40 AM PDT

Forexpros – Canadian manufacturing sales rose more-than-expected last month, official data showed on Friday.

In a report, Statistics Canada said that Canadian manufacturing sales rose to a seasonally adjusted 1.40%, from 3.00% in the preceding month whose figure was revised up from 2.70%.

Analysts had expected Canadian manufacturing sales to rise 0.50% last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Fluor Buys Stake In NuScale Power

Posted: 14 Oct 2011 05:30 AM PDT

Fluor Corporation (NYSE:FLR) has decided to make an investment of over $30 million in Oregon-based small modular reactor (SMR) technology company, NuScale Power LLC. The announcement was made by Fluor and NuScale executives at the National Press Club.
With this take over, Fluor has become a majority stakeholder in NuScale, who will continue to operate as an independent company in future. Previously, this share had been in U.S. Securities & Exchange Commission (SEC) receivership.
As per a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


AIR Ups Revolving Credit Facility

Posted: 14 Oct 2011 05:15 AM PDT

AAR CORP. (NYSE:AIR) recently announced amendment of its senior, unsecured credit agreement, increasing the initial limit under the revolving credit facility from $400 million to $580 million. The agreement has the option to increase the limit further to $680 million under certain circumstances. Under the agreement, all pricing terms will remain unchanged, while certain covenants under the facility are modified to provide the company greater flexibility.
The amended agreement is anticipated to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Citrix Systems In Buying Spree

Posted: 14 Oct 2011 05:11 AM PDT

Citrix Systems Inc. (NASDAQ:CTXS), a market leader in virtual computing solutions, recently completed the acquisition of ShareFile for an undisclosed amount. ShareFile is a leading provider of secure, cloud-based data storage, sharing and collaboration solutions. With this acquisition, Citrix is now solidly placed in the highly lucrative cloud-based data storage segment. As per the company, the personal cloud computing market is expected to become a multi billion dollar opportunity by … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – EUR/GBP Up During The European Session

Posted: 14 Oct 2011 05:00 AM PDT

Forexpros – The Euro was higher against the British Pound on Friday.

EUR/GBP was trading at 0.8742, up 0.04% at time of writing.

The pair was likely to find support at 0.8614, Monday's low, and resistance at 0.8787, Wednesday's high.

Meanwhile, the Euro was up against the U.S. Dollar and the Japanese Yen, with EUR/USD gaining 0.16% to hit 1.3800 and EUR/JPY rising 0.43% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – GBP/CHF Up In European Trade

Posted: 14 Oct 2011 04:30 AM PDT

Forexpros – The British Pound was higher against the Swiss Franc on Friday.

GBP/CHF was trading at 1.4171, up 0.06% at time of writing.

The pair was likely to find support at 1.4057, Thursday's low, and resistance at 1.4421, Monday's high.

Meanwhile, the British Pound was up against the U.S. Dollar and down against the Euro, with GBP/USD gaining 0.05% to hit 1.5774 and EUR/GBP rising 0.01% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – AUD/USD Up In European Trading Hours

Posted: 14 Oct 2011 04:00 AM PDT

Forexpros – The Australian Dollar was higher against the U.S. Dollar on Friday.

AUD/USD was trading at 1.0243, up 0.50% at time of writing.

The pair was likely to find support at 0.9781, Monday's low, and resistance at 1.0260, today's high.

Meanwhile, the Australian Dollar was up against the Euro and the Japanese Yen, with EUR/AUD shedding 0.39% to hit 1.3465 and AUD/JPY rising 0.67% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – USD/CHF Down During The European Session

Posted: 14 Oct 2011 03:20 AM PDT

Forexpros – The U.S. Dollar was lower against the Swiss Franc on Friday.

USD/CHF was trading at 0.8971, down 0.12% at time of writing.

The pair was likely to find support at 0.8919, Wednesday's low, and resistance at 0.9262, Monday's high.

Meanwhile, the U.S. Dollar was down against the Euro and up against the Japanese Yen, with EUR/USD gaining 0.21% to hit 1.3806 and USD/JPY rising 0.14% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


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