Tuesday, October 25, 2011

DailyMarkets.com - Forex Trading: USDHKD Moving Off Recent Lows

DailyMarkets.com - Forex Trading: USDHKD Moving Off Recent Lows

Forex Trading: USDHKD Moving Off Recent Lows

Posted: 25 Oct 2011 05:34 PM PDT

The USDHKD pair has moved off the end of day lows in NY and has broken above the trending 21hr moving average which has defended the pairs appreciation over the last few sessions. Some resistance can be seen for the pair around the 50% retracement of this short-term move with the declining/parallel 100hr and 200hr moving averages right above for the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: Usd/cnh Tested The 23.6% Retracement Level.

Posted: 25 Oct 2011 05:34 PM PDT

usd/cnh tested the 23.6% retracement level in this 30min … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Edges Higher In Early Asian Trade

Posted: 25 Oct 2011 04:34 PM PDT

Forexpros –
Forexpros – The euro moved fractionally higher against the U.S. dollar in Asian trade Wednesday, as European leaders prepared for a second meeting in four days hoping to patch together a plan to comprehensively tackle the region's debt crisis.

EUR/USD hit 1.3918 in early Asian trade, the pair's highest since Tuesday; the pair subsequently consolidated at 1.3912, inching up 0.04%.

The pair was likely to find support at 1.3657, last Thursday's low, and resistance at 1.4288, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: Disappointing Earnings

Posted: 25 Oct 2011 04:33 PM PDT

Cusick’s Corner
Stock market averages are lower on disappointing economic and earnings news Tuesday. Data released before the opening bell showed home prices falling 3.8 percent in August, according to the Case Shiller 20-city Index. Economists were looking for a 3.5 percent decline. Later, the Commerce Department reported that its index of Consumer Confidence plummeted to 39.8 in October, which was down from 46.4 the month before and much worse than the 46 that was expected. Meanwhile, 3M … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: Earnings & EU Lead To Cautious Trading

Posted: 25 Oct 2011 04:33 PM PDT

Cusick’s Corner
There’s been anxiety over earnings and cautious trading ahead of any EU summit. This pullback has been hovering above midterm support, 1220-1230 on the S&Ps, and Crude has been on fire, which if the correlation with Crude and Equities still stands, is a slight catalyst at this stage for the bid. I have been quiet on the trade front; this is a tough market to read but I will be watching the Crude markets for a cue. See you Midday.
Stock market averages traded lower on … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Up During The Asian Session

Posted: 25 Oct 2011 04:10 PM PDT

Forexpros – The Euro was higher against the U.S. Dollar on Tuesday.

EUR/USD was trading at 1.3908, up 0.01% at time of writing.

The pair was likely to find support at 1.3657, Thursday's low, and resistance at 1.3960, today's high.

Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.02% to hit 0.8694 and EUR/JPY rising 0.07% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

HARP Revamp To Help Homeowners Refinance

Posted: 25 Oct 2011 03:58 PM PDT

10/25/11 The reworked changes to the Home Affordable Refinance Program will allow more underwater borrowers to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Felix Zulauf, USD Least Ugly Currency

Posted: 25 Oct 2011 03:53 PM PDT

The site is a fan of Felix Zulauf of Zulauf Asset Management, and we thank him for his public statements, here is another via the BigPictureBlog.

Source: Felix Zulauf: The Die is Cast

The highlights:

• We are on a spiral caused by mass credit creation, excessive borrowing, reckless spending, and a enormous credit crisis. The end result is inevitable, and most likely unavoidable.

• The Europeans have created their own credit crisis, and it is attributable, in part, to the creation of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – NZD/USD Down In Asian Trade

Posted: 25 Oct 2011 03:35 PM PDT

Forexpros – The New Zealand Dollar was lower against the U.S. Dollar on Tuesday.

NZD/USD was trading at 0.7968, down 0.04% at time of writing.

The pair was likely to find support at 0.7874, Thursday's low, and resistance at 0.8109, Monday's high.

Meanwhile, the New Zealand Dollar was down against the Australian Dollar and the Euro, with AUD/NZD gaining 0.07% to hit 1.3090 and EUR/NZD rising 0.04% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: Usd/cnh Continues To Grind In This Downward Channel.

Posted: 25 Oct 2011 03:32 PM PDT

usd/cnh continues to grind in this downward channel not showing any signs of breaking out of this … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

EU Summit In Brussels; US Earnings – Boeing, Ford, ConocoPhillips, GlaxoSmithKline, Sprint, Visa; US Durable Goods Orders, New Home Sales

Posted: 25 Oct 2011 03:20 PM PDT

10/25/11 All eyes will be on the EU summit as jitters remain over a response to the region’s debt crisis. Key earnings and economic data will be released in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

MN Has A Shortage Of Skilled Manufacturing Workers. Maybe That’s A Good Problem To Have

Posted: 25 Oct 2011 03:19 PM PDT

ST. PAUL, MN – “Nearly half of Minnesota manufacturers responding to a survey say they haven’t filled positions because they lack qualified job candidates, according to a new study by the Minnesota Department of Employment and Economic Development (DEED).

“State manufacturers have openings, but Minnesotans who are looking for work often don’t have the right skills to fill them,” said DEED Commissioner Mark Phillips. “As we observe Minnesota Manufacturers Week, it’s a good time to stress the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Dow Drops 200+ Points On European Debt Crisis Concerns And Consumer Confidence Drop

Posted: 25 Oct 2011 10:00 AM PDT

10/25/11 NYFP’s Closing Bell Report: The Dow Jones dropped 200+ points intraday on growing concerns the EU will not reach a debt plan agreement tomorrow. Meanwhile, consumer confidence fell to its lowest reading in 2.5 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: Usd/hkd Is Testing The 100 Week Moving Average For The Second Time.

Posted: 25 Oct 2011 02:35 PM PDT

usd/hkd is testing the 100 week moving average for the second … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stocks Watchlist For Wednesday, October 26th

Posted: 25 Oct 2011 02:30 PM PDT

( click to enlarge )

Rubicon Technology, Inc. (NASDAQ:RBCN) – I have been following this stock for a few days now and surprisingly it showed some strength today in a depressed market. On the momentum front, I’m seeing some positive divergences in several indicators, but this are not confirmed yet, as prices have not shown a confirmed reversal. On daily chart the stock closed above its 13- DMA. Momentum oscillators are neutral to positive. The stock needs to break Tuesday's high of $10.10 to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Chevron Starts Platong II

Posted: 25 Oct 2011 02:19 PM PDT

The Thailand subsidiary of  Chevron Corporation (NYSE:CVX) started natural gas production at its $3.1 billion Platong II project in the Gulf of Thailand. The venture is expected to generate almost 18,000 barrels of natural gas liquids daily.
Chevron targets to boost natural gas production to 330 million cubic feet per day to meet the high energy requirement in Thailand. With this project, the country's domestic production will go up by 10% and Chevron's net natural gas production from the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

PACCAR Profits More Than Double

Posted: 25 Oct 2011 02:05 PM PDT

PACCAR Inc. (NASDAQ:PCAR) reported a more than two-fold increase in profit to $281.6 million or 77 cents per share in the third quarter of 2011 from $119.9 million or 33 cents per share in the same quarter of 2010. The truck maker's profit exceeded the Zacks Consensus Estimate by 7 cents per share.
The increase in profit was attributable to higher truck deliveries, increased aftermarket sales and a growing financial services business worldwide.
Net sales and financial services revenues surged 68% … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Kinder Widens Natural Gas Exposure

Posted: 25 Oct 2011 02:05 PM PDT

Kinder Morgan Energy Partners L.P. (NYSE:KMP) has inked a deal to acquire SouthTex Treaters for $155 million. The acquisition will provide the pipeline operator greater exposure to the natural gas market. The agreement is slated to close in the fourth quarter.
SouthTex builds natural gas treating plants that eliminate carbon dioxide and hydrogen sulfide from natural gas. These treatment plants are often needed by Kinder Morgan in the growing shale plays. Hence, the latest agreement will enable the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

No Surprise Here

Posted: 25 Oct 2011 01:59 PM PDT

When you’ve got this –
“Only 23% Trust U.S. Financial System: Poll” (MarketWatch)
Americans are more distrustful of their financial institutions, according to a new poll that shows only 23% of those surveyed said they trust the country’s financial systems, down from 25% in June. The figures are from the quarterly Chicago Booth/Kellogg School Financial Trust Index, which measures trust in four areas: banks, the stock market, mutual funds and large corporations. “The findings in this issue … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Celgene Corporation

Posted: 25 Oct 2011 01:55 PM PDT

Leading biotechnology company Celgene Corporation (NASDAQ:CELG) is all set to announce its third quarter 2011 results on October 27, 2011 before the opening bell. The Zacks Consensus Estimate for the third quarter is $0.86 (year-over-year increase of 32.3%) on revenues of $1,207 million (year-over-year increase of 32.6%).
Second Quarter Recap
Celgene's second quarter 2011 earnings (excluding special items but including stock-based compensation expense) of $0.78 per share beat the Zacks Consensus … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Down At The End Of U.S. Session

Posted: 25 Oct 2011 01:55 PM PDT

Forexpros – The Euro was lower against the U.S. Dollar on Tuesday after the release of U.S. data on CB Consumer Confidence.

EUR/USD was trading at 1.3908, down 0.15% at time of writing.

The pair was likely to find support at 1.3657, Thursday's low, and resistance at 1.3960, today's high.

Earlier in the day, data showed that CB consumer confidence in the U.S. fell unexpectedly to a seasonally adjusted 39.8 last month from 46.4 in the preceding month whose figure was revised up from … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Another Tech Leader Chokes On Earnings

Posted: 25 Oct 2011 01:41 PM PDT

Amazon.com (NASDAQ:AMZN) is the latest large-cap Internet tech leader to miss earnings estimates in its 3rd quarter report after the close of regular trading Tuesday. The e-Commerce titan posted EPS of 14 cents when the Zacks Consensus Estimate expected 24 cents per share. Revenues of $10.9 billion were within the range of the company’s expectations.

As a result, AMZN shares are getting pounded in after-market trading — down as much as 16% at one point minutes after the announcement. This follows … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/JPY Down Toward The End Of U.S. Session

Posted: 25 Oct 2011 01:40 PM PDT

Forexpros – The U.S. Dollar was lower against the Japanese Yen on Tuesday after the release of U.S. data on CB Consumer Confidence.

USD/JPY was trading at 75.99, down 0.15% at time of writing.

The pair was likely to find support at 75.75, today's low, and resistance at 77.09, Thursday's high.

Earlier in the day, data showed that CB consumer confidence in the U.S. fell unexpectedly to a seasonally adjusted 39.8 last month from 46.4 in the preceding month whose figure was revised up from … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Fitch Affirms MetLife Ratings

Posted: 25 Oct 2011 01:34 PM PDT

Yesterday, Fitch Ratings affirmed all the debt and credit ratings of MetLife Inc. (NYSE:MET) and its operating subsidiaries, reflecting consistent growth from ALICO acquisition amid the low rate interest environment.
Accordingly, Fitch asserted the issuer default rating (IDR) of “A” for MetLife, while the financial strength ratings were maintained at "AA-" for some of the company's domestic life insurance units. Meanwhile, the outlook for all the ratings remains stable.
The ratings agency … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Down Toward The End Of U.S. Session

Posted: 25 Oct 2011 01:25 PM PDT

Forexpros – The Euro was lower against the U.S. Dollar on Tuesday after the release of U.S. data on CB Consumer Confidence.

EUR/USD was trading at 1.3909, down 0.15% at time of writing.

The pair was likely to find support at 1.3657, Thursday's low, and resistance at 1.3960, today's high.

Earlier in the day, data showed that CB consumer confidence in the U.S. fell unexpectedly to a seasonally adjusted 39.8 last month from 46.4 in the preceding month whose figure was revised up from … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

New Facial Device From Syneron

Posted: 25 Oct 2011 01:16 PM PDT

Aesthetic products company Syneron Medical (NASDAQ:ELOS) has commenced the global launch of its new facial rejuvenation device. The device dubbed "eTwo," which integrates advanced technologies for facial treatments, was recently featured in the annual congress of European Academy of Dermatology and Venereology ("EADV 2011") in Lisbon, Portugal.
The eTwo is approved in the U.S. and Europe for dermatological procedures requiring ablation, resurfacing and wrinkle treatment. The device combines … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Markets Close Lower; Dow Jones Down 1.74%

Posted: 25 Oct 2011 01:15 PM PDT

Forexpros – U.S. stocks were down after the closing bell on Tuesday.

At the close of U.S. trade, the Dow Jones Industrial Average fell 1.74%, the S&P 500 index shed 2.00%, while the Nasdaq 100 index declined 2.04%.

Earlier in the day, data showed that CB consumer confidence in the U.S. fell unexpectedly to a seasonally adjusted 39.8 last month from 46.4 in the preceding month whose figure was revised up from 45.4.

Analysts had expected CB consumer confidence to rise to 46.0 last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Linear Q1 Shows Widespread Caution

Posted: 25 Oct 2011 01:11 PM PDT

Linear Technology (NASDAQ:LLTC) had a dismal first quarter, with earnings of 47 cents coming in well below the Zacks Consensus of 50 cents. Earnings were down 31.3% sequentially and 21.7% year over year. Management stated that there was extreme caution at customers, which resulted in weak revenue and orders.
Additionally, the mix of business impacted average selling prices and thereby margins. The significantly higher tax rate also did not help matters. Movement is share prices has been moderate … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Solid 3Q For Simon Property

Posted: 25 Oct 2011 01:08 PM PDT

Simon Property Group Inc. (NYSE:SPG) a leading real estate investment trust (REIT), reported third quarter 2011 FFO (funds from operations) of $606.2 million or $1.71 per share compared  with $318.5 million or 90 cents 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.
The quarterly FFO exceeded the Zacks Consensus Estimate by 4 cents. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

CIT Reports In Red

Posted: 25 Oct 2011 01:08 PM PDT

CIT Group Inc.'s (NYSE:CIT) third quarter 2011 loss came in at 8 cents per share, significantly lower than the Zacks Consensus Estimate of a loss of 18 cents and the prior quarter's loss 24 cents. However, it was unfavorable compared with the prior-year quarter's earnings of 58 cents.
Though the quarter's results benefited from an improvement in credit quality, a considerable deterioration of net interest revenue and higher interest and non-interest expenses formed the downside.
Net loss … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Oracle To Acquire RightNow

Posted: 25 Oct 2011 01:08 PM PDT

Oracle Corp. (NASDAQ:ORCL) recently announced its decision to acquire customer relationship management software provider, RightNow Technologies Inc (NASDAQ:RNOW). This marks the company's third acquisition in the past month and the largest after the acquisition of Sun Microsystems in January 2010. The acquisition is expected to close by early 2012.
Oracle will have to pay $1.43 billion in cash, or $43 per share, which is approximately 20.0% of RightNow's closing price of $35.96, as of October 21, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/USD Down During The U.S. Session

Posted: 25 Oct 2011 12:55 PM PDT

Forexpros – The British Pound was lower against the U.S. Dollar on Tuesday after the release of U.S. data on CB Consumer Confidence.

GBP/USD was trading at 1.5995, down 0.02% at time of writing.

The pair was likely to find support at 1.5682, Thursday's low, and resistance at 1.6039, today's high.

Earlier in the day, data showed that CB consumer confidence in the U.S. fell unexpectedly to a seasonally adjusted 39.8 last month from 46.4 in the preceding month whose figure was revised up … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: BMC

Posted: 25 Oct 2011 12:49 PM PDT

BMC Inc. (NYSE:BMC) is scheduled to announce its second quarter 2012 results on October 26, 2011. We do not see much variation in analyst estimates at this point, although we expect the company to meet our expectations during the upcoming quarter.
First Quarter Overview
The company reported earnings per share of 59 cents in the first quarter of 2012, surpassing the Zacks Consensus Estimate of 57 cents.
Reported revenues of $502.0 million increased 9.0% year over year. During the quarter, the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Waters Underperforms Estimate

Posted: 25 Oct 2011 12:35 PM PDT

Waters Underperforms Estimate
Waters Corporation (NYSE:WAT) released its third-quarter 2011 earnings before the market opened today, reporting earnings per share from continuing operation of $1.10, below the Zacks Consensus Estimate of $1.13. Earnings in the quarter increased from $1.02 in the third quarter of 2010.
Revenue
On the top line, WAT reported total revenue of $455 million for the third quarter, up 13% year over year. Foreign currency translation added 4% to sales. The company benefited … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

ITW’s 3Q Surpasses Estimate

Posted: 25 Oct 2011 12:35 PM PDT

Illinois Tool Works Inc. (NYSE:ITW) reported its financial results for the third quarter of 2011 on October 25. Earnings per share from continuing operations were $1.00, up 25.0% year over year. The results were above the Zacks Consensus Estimate of 98 cents and a cent above the mid-point of management's guidance range of $0.95-$1.03.
The reported quarter's earnings excluded 4 cents of income from discontinued operations, including which earnings came in at roughly $1.04 per … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Astec Falls Short Of Estimates

Posted: 25 Oct 2011 12:35 PM PDT

Astec Industries Inc. (NASDAQ:ASTE) reported an EPS of 34 cents in third quarter versus 32 cents in the year-earlier quarter, falling short of the Zacks Consensus Estimate of 51 cents.
Total revenue increased 20.7% to $214.6 million from $177.8 million in the year-ago quarter, missing the Zacks Consensus Estimate of $227 million.
Domestic sales of the company amounted to $127.3 million in the quarter compared with $98.6 million in the year-earlier quarter. International sales increased to $87.3 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Duke Energy Ohio Progress On ESP

Posted: 25 Oct 2011 12:35 PM PDT

Duke Energy Ohio, a regulated utility subsidiary of Duke Energy Corporation (NYSE:DUK), announced that it has reached a settlement agreement for its application related to an Electric Security Plan (ESP) filed with the Public Utilities Commission of Ohio (PUCO). The ESP was filed with PUCO on June 20, 2011. The agreement, which is subject to approval by the PUCO, covers the company’s generation service from January 1, 2012 through May 31, 2015.
This agreement, if approved by the commission, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CHF Down In U.S. Trading Hours

Posted: 25 Oct 2011 12:30 PM PDT

Forexpros – The U.S. Dollar was lower against the Swiss Franc on Tuesday after the release of U.S. data on CB Consumer Confidence.

USD/CHF was trading at 0.8787, down 0.24% at time of writing.

The pair was likely to find support at 0.8772, today's low, and resistance at 0.9082, Thursday's high.

Earlier in the day, data showed that CB consumer confidence in the U.S. fell unexpectedly to a seasonally adjusted 39.8 last month from 46.4 in the preceding month whose figure was revised up … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Rent-A-Center Beats Estimates

Posted: 25 Oct 2011 12:20 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. The quarterly earnings of 60 cents a share beat the Zacks Consensus Estimate of 58 cents, but dropped 3.2% from the prior-year quarter due to steeper operating expenses.
The quarterly earnings reached the higher end of management's guidance range of 55 cents to 61 cents a share. On a reported basis, including one-time items, earnings came in at 52 cents a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Varian Medical

Posted: 25 Oct 2011 12:20 PM PDT

Varian Medical Systems (NYSE:VAR) is slated to report fourth-quarter fiscal 2011 results on Thursday, October 27. The current Zacks Consensus Estimate for the fourth quarter is 97 cents, representing an estimated year-over-year increase of 11.61%.
Third Quarter Recap
Varian reported third quarter earnings per share from continuing operations of 83 cents, matching the Zacks Consensus Estimate and exceeding the corresponding year-ago earnings of 74 cents.
Varian's top line witnessed a 12% increase … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Selling Your Home – It’s Not Just Location & Price

Posted: 25 Oct 2011 12:14 PM PDT

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


Sigma Surpasses EPS Estimates

Posted: 25 Oct 2011 12:10 PM PDT

Sigma-Aldrich Corporation (NASDAQ:SIAL) delivered third-quarter earnings of 96 cents per share, surpassing the Zacks Consensus Estimate of 91 cents per share and an increase of 16% year over year.
The company incurred restructuring costs of 1 cent per share, including which earnings came in at 95 cents per share versus the prior-year earnings of 76 cents per share.
Revenue
Reported sales in the third quarter of 2011 were $626 million, increasing 11% year over year, but missing the Zacks Consensus … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CAD Up In U.S. Trade

Posted: 25 Oct 2011 12:10 PM PDT

Forexpros – The U.S. Dollar was higher against the Canadian Dollar on Tuesday after the release of U.S. data on CB Consumer Confidence.

USD/CAD was trading at 1.0137, up 1.01% at time of writing.

The pair was likely to find support at 0.9991, today's low, and resistance at 1.0247, Thursday's high.

Earlier in the day, data showed that CB consumer confidence in the U.S. fell unexpectedly to a seasonally adjusted 39.8 last month from 46.4 in the preceding month whose figure was revised up … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Time Warner Cable

Posted: 25 Oct 2011 12:05 PM PDT

Time Warner Cable Inc. (NYSE:TWC) is slated to release its third quarter 2011 results on Thursday, October 27, before the opening bell. The current Zacks Consensus Estimate for the third quarter is pegged at $1.14, representing an annualized growth of 18.92%.
With respect to earnings surprises over the trailing four quarters, Time Warner Cable has outperformed the Zacks Consensus Estimate in three of the last four quarters. The average earnings surprise was positive 2.88%, implying that the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Sara Lee Sells Stake To J M Smucker

Posted: 25 Oct 2011 11:47 AM PDT

U.S packaged food company Sara Lee Corporation (NYSE:SLE) has decided to shed a major portion of its North American foodservice coffee and tea operations to The J. M. Smucker Company (NYSE:SJM) for $350 million.
The deal is expected to close in early 2012 and 450 Sara Lee employees are expected to transfer to Ohio-based J.M. Smucker.
Sara Lee plans to wind down the rest of its North American beverage business. It will discontinue its Senseo coffee brand in North Americas by March 31 of next year. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Down In U.S. Trading Hours

Posted: 25 Oct 2011 11:45 AM PDT

Forexpros – The Euro was lower against the U.S. Dollar on Tuesday after the release of U.S. data on CB Consumer Confidence.

EUR/USD was trading at 1.3929, down 0.01% at time of writing.

The pair was likely to find support at 1.3657, Thursday's low, and resistance at 1.3960, today's high.

Earlier in the day, data showed that CB consumer confidence in the U.S. fell unexpectedly to a seasonally adjusted 39.8 last month from 46.4 in the preceding month whose figure was revised up from … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Entergy To Buy NextEra Power Plant

Posted: 25 Oct 2011 11:35 AM PDT

Entergy Corporation (NYSE:ETR) has entered into an agreement with a unit of NextEra Energy Inc. (NEE) to acquire the latter's Rhode Island State Energy Center ("RISEC") for approximately $346 million.
NextEra's 550-megawatt power plant is a Siemens natural gas-fired combined-cycle generating plant. Located in Johnston, Rhode Island, the plant is currently working with Siemens to facilitate the uprate of its combustion turbines, which is scheduled for completion in November 2011. This … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Peabody Misses, But Outlook Robust

Posted: 25 Oct 2011 11:20 AM PDT

St. Louis-based coal miner Peabody Energy Corporation's (NYSE:BTU) third quarter 2011 earnings of 87 cents per share missed the Zacks Consensus Estimate of 89 cents. The company's profits for the quarter also dipped 12% from last year's earnings of 99 cents, reflecting expenses related to the purchase of Macarthur Coal.

Revenue

Peabody's quarterly revenue, at $2.04 billion, increased 9% year-over-year on the back of higher coal prices across the board and higher U.S. volumes. The … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Coach Beats On Both Edges

Posted: 25 Oct 2011 11:15 AM PDT

Despite economic woes, Coach, Inc. (NYSE:COH), the designer and marketer of fine accessories and gifts, recently posted better-than-expected first-quarter 2012 results on the heels of healthy sales in North America and China.
The quarterly earnings of 73 cents a share beat the Zacks Consensus Estimate of 70 cents, and jumped 15.9% from 63 cents earned in the prior-year quarter buoyed by strong top-line growth.
The New York based company, Coach, said that total net sales for the quarter came in at … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – AUD/USD Down In U.S. Trade

Posted: 25 Oct 2011 11:15 AM PDT

Forexpros – The Australian Dollar was lower against the U.S. Dollar on Tuesday after the release of U.S. data on CB Consumer Confidence.

AUD/USD was trading at 1.0434, down 0.39% at time of writing.

The pair was likely to find support at 1.0148, Thursday's low, and resistance at 1.0501, Monday's high.

Earlier in the day, data showed that CB consumer confidence in the U.S. fell unexpectedly to a seasonally adjusted 39.8 last month from 46.4 in the preceding month whose figure was … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Equinix Inc.

Posted: 25 Oct 2011 11:05 AM PDT

Equinix Inc. (NASDAQ:EQIX) is scheduled to announce its third quarter 2011 results on October 26, 2011, after the market closes. We see a few upward revisions in analyst estimates at this point.
Second Quarter Overview
Equinix delivered an impressive second quarter, strongly beating the Zacks Consensus Estimate by 36.2% with respect to earnings per share. The quarter's results saw an improvement from loss per share of 5 cents in the year-ago quarter. The improvement could be credited to solid … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

AGCO Ahead Of Estimates

Posted: 25 Oct 2011 11:00 AM PDT

AGCO Corporation (AGCO) has reported fiscal 2011 third quarter results, delivering an EPS of 87 cents versus 66 cents in the year-earlier quarter, surpassing the Zacks Consensus Estimate of 75 cents.
Total revenue in the reported quarter increased 27% year over year to $2.09 billion driven by strong global demand for agricultural equipment. Revenue was above the Zacks Consensus Estimate of $2.03 billion. Included in the sales was a currency translation impact of 7.3%, excluding which sales … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

“Important To Look At Earnings…overall Fairly Positive”

Posted: 25 Oct 2011 10:55 AM PDT

10/25/11 Empire Executions’ Peter Costa weighs in on the Euro-zone debt crisis ahead of Wednesday’s summit and discusses the earnings and crude … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

“Important To Look At Earnings…overall Fairly Positive”

Posted: 25 Oct 2011 10:55 AM PDT

10/25/11 Empire Executions’ Peter Costa weighs in on the Euro-zone debt crisis ahead of Wednesday’s summit and discusses the earnings and crude … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Aaron’s Misses, Profits Up

Posted: 25 Oct 2011 10:46 AM PDT

Aaron’s Inc. (AAN) registered an earnings per share growth of 12.5% in the third quarter of fiscal 2011 to 36 cents from 32 cents a year ago, on the back of healthy top-line growth. Earnings in the relevant quarter, however, failed to meet the Zacks Consensus Estimate of 38 cents per share.
Quarterly Details
Aaron's top line jumped 7.0% to $485.2 million from $452.2 million in the year-ago quarter. The company posted positive comparable-store sales of 5.3% in the quarter under review. Total … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/JPY Down During The U.S. Session

Posted: 25 Oct 2011 10:45 AM PDT

Forexpros – The U.S. Dollar was lower against the Japanese Yen on Tuesday after the release of U.S. data on CB Consumer Confidence.

USD/JPY was trading at 75.97, down 0.18% at time of writing.

The pair was likely to find support at 75.75, today's low, and resistance at 77.09, Thursday's high.

Earlier in the day, data showed that CB consumer confidence in the U.S. fell unexpectedly to a seasonally adjusted 39.8 last month from 46.4 in the preceding month whose figure was revised up from … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Quick Charting The Levels To Watch In Copper And JJC

Posted: 25 Oct 2011 10:43 AM PDT

We've been seeing copper in the news lately, mainly with its recent breakdown and consolidation off a key support level.
Let's take a look at the weekly frame then drill-down to daily chart levels to watch in both Copper and the related ETF JJC.
First, the Weekly Chart of Copper:

A quick glance of the current chart shows the simple $3.0 level as a longer-term key level.  It's not magical, it's just a 'round number' level where price has reversed in the past – including … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

A Bull Market Signal?

Posted: 25 Oct 2011 10:32 AM PDT

Mark Hulbert, in today’s Wall Street Journal’s Marketwatch blog asked the provocative question: “Did Monday's strong market action satisfy one of the official definitions of a bull market?” His answer was “Believe it or not, the answer is yes — at least for some market indexes and some definitions. Which is remarkable, given that just three weeks ago another market index satisfied another of the official definitions of a bear market.”
The signal to which he referred was the Index crossing … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Ryder Beats Overall

Posted: 25 Oct 2011 10:31 AM PDT

Ryder System Inc. (NYSE:R), the world’s largest provider of integrated logistics and transportation solutions, has reported an outstanding third quarter of 2011. Adjusted earnings of $1.09 was fairly ahead of the Zacks Consensus Estimate of $1.02 and up 43% from 76 cents in the year-ago quarter. Adjusted quarterly net income increased 56% year over year to $56.4 million from $39.7 million in the year-ago period.  
Despite the ongoing economic upheaval, the company achieved double-digit growth … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Weatherford Meets EPS, Tops Rev

Posted: 25 Oct 2011 10:31 AM PDT

Leading oilfield services' company Weatherford International Ltd.'s (NYSE:WFT) third quarter 2011 adjusted earnings of 26 cents per share came in at par with the Zacks Consensus Estimate. The results grew substantially from the year-earlier profit of 11 cents and 17 cents reported in the second quarter of 2011.
The sequential improvement in profitability was largely influenced by field operations.
Total revenue expanded more than 33% year over year to $3,372.7 million, surpassing the Zacks … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Ecolab Meets, Charges Hurts Profit

Posted: 25 Oct 2011 10:20 AM PDT

Leading cleaning and sanitation products maker Ecolab Inc's (NYSE:ECL) third-quarter fiscal 2011 adjusted (excluding special gains/charges and tax-related adjustments) earnings of 75 cents a share matched the Zacks Consensus Estimate while exceeded the year-ago adjusted earnings of 66 cents. The results met the top end of the company's guidance of 73-75 cents.
Net income (attributable to Ecolab) for the quarter slipped 11% year over year to $154.3 million (or 65 cents a share). The bottom line … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Mixed Third Quarter At Lexmark

Posted: 25 Oct 2011 10:20 AM PDT

Lexmark International Inc. (NYSE:LXK) has posted third quarter 2011 earnings per share of 95 cents, missing the Zacks Consensus Estimate of $1.02. The quarter's results came in line with the lower end of its guidance range of 94 cents to $1.04. The quarter's disappointment was mostly due to higher tax rate.
Revenue
Lexmark's third quarter revenue of $1.03 billion grew 1.5% from $1.02 billion in the year-ago quarter and surpassed the Zacks Consensus Estimate of $1.01 billion.
On a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Amazon.com

Posted: 25 Oct 2011 10:15 AM PDT

Amazon.com Inc. (NASDAQ:AMZN) is scheduled to announce its third quarter fiscal 2011 results on October 25, 2011, and we notice limited movements in analyst estimates.
Second Quarter Overview
Amazon delivered a decent second quarter, with pro forma earnings per share of 42 cents, exceeding the Zacks Consensus Estimate by 5 cents, or 13.5%.
The company reported revenue of $9.91 billion, flat sequentially and up 51.0% year over year (exceeding the mid-point of management's guided range). Key … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bank Of Canada Keeps Interest Rate At 1.00%

Posted: 25 Oct 2011 10:07 AM PDT

The Bank of Canada kept its target for the overnight rate unchanged at 1.00%; also holding the Bank Rate at 1.25% and the deposit rate at 0.75%.  The Bank noted: “The global economy has slowed markedly as several downside risks to the projection outlined in the Bank’s July Monetary Policy Report (MPR) have been realized. Financial market volatility has increased and there has been a generalized retrenchment from risk-taking across global markets. The combination of ongoing … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

European Markets Close Lower; Dax Down 0.14%

Posted: 25 Oct 2011 10:05 AM PDT

Forexpros – European stocks were down after the closing bell on Tuesday.

At the close of European trade, Germany's DAX fell 0.14%, London's FTSE 100 shed 0.41%, France's CAC 40 declined 1.43% and the EURO STOXX 50 was down 1.06%.

Earlier in the day, data showed that CB consumer confidence in the U.S. fell unexpectedly to a seasonally adjusted 39.8 last month from 46.4 in the preceding month whose figure was revised up from 45.4.

Analysts had expected CB consumer confidence to rise to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Euro Steady, Risk Aversion Rises As Consumer Confidence Drops To 2.5-year Low

Posted: 25 Oct 2011 05:00 AM PDT

10/25/11 After rallying in the AM, the euro has pared some gains and risk aversion continues to rise following a large decline in consumer confidence … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Euro Steady, Risk Aversion Rises As Consumer Confidence Drops To 2.5-year Low

Posted: 25 Oct 2011 05:00 AM PDT

10/25/11 After rallying in the AM, the euro has pared some gains and risk aversion continues to rise following a large decline in consumer confidence … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Surge In Money Growth: Meaningful Or Meaningless?

Posted: 25 Oct 2011 09:39 AM PDT

Something dramatic is going on with the official money supply statistics, but its significance is hard to interpret. For a long time, even as the Federal Reserve pushed short term interest rates to very low levels, the broad measure of money, M2, grew only around 5 percent per year. While a Keynesian focus only on interest rates caused most observers to think of monetary policy as very easy, a Milton Friedman type monetarist might have argued that monetary policy was too tight for the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

IShares Marks The Launch Of The HDV Fund

Posted: 25 Oct 2011 03:58 AM PDT

10/25/11 The Head of iShares Product Development at BlackRock, Darek Wojnar, discusses the High Dividend Equity … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

IShares Marks The Launch Of The HDV Fund

Posted: 25 Oct 2011 08:58 AM PDT

10/25/11 The Head of iShares Product Development at BlackRock, Darek Wojnar, discusses the High Dividend Equity … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Rises Above $94 On Dollar Weakness

Posted: 25 Oct 2011 03:30 AM PDT

10/25/11 A decline in the US dollar allowed front month crude prices to rally again this morning to trade above $94 a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Euro-zone Jitters, Data, Earnings Drag Stocks Lower

Posted: 25 Oct 2011 03:20 AM PDT

10/25/11 Wall Street slid into the red ahead of the EU summit. Consumer confidence tumbled to the weakest level since March … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Global Markets Mixed As Investors Await EU Summit Results & Netflix Drops More Than 30%

Posted: 25 Oct 2011 01:15 AM PDT

10/25/11 NYFP’s Morning Market Report: Global markets remained mixed as investors await the result of the EU summit tomorrow. Meanwhile, Netflix droppd more than 30% after-hours on a lower 4Q guidance and a subscriber … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Daily Indices Update: France40 (F40)

Posted: 25 Oct 2011 06:01 AM PDT

By ForexMansion.com
by, James A. Hyerczyk
The France 40 (F40) Index CFD formed a completed 3-Point Extension Fibonacci pattern on the 240-minute chart, setting up a potential decline into a series of retracement levels. With this recent top at Point C stopping short of breaking out above the major top near 3262.00, traders are going to have to decide whether a pullback into the Fibonacci retracement levels will represent fresh buying opportunities or indicate renewed weakness.

The basic ABCD … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Daily FTSE Technical Update

Posted: 25 Oct 2011 06:01 AM PDT

By ForexMansion.com
by, James A. Hyerczyk
After starting lower in a follow-through break following Monday's weak close, the FTSE rebounded to take out the previous day's high. Just like Monday's trading action, the move to higher ground failed to fuel the acceleration to the upside that many of the bullish traders thought was coming. Once again bids dried up after it became clear that there was not going to be a breakout rally, giving short sellers an open invitation to push the market … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For ETF Trading On Wednesday, October 26, 2011

Posted: 25 Oct 2011 05:34 AM PDT

By ForexMansion.com

The Trend Trader for ETFs
For Trading On Wednesday, October 26, 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
109.80
+ 0.51
109.43
109.35

Bullish

BND – Vanguard Total Bond Market ETF
83.59
+ 0.52
83.26
83.12

Bullish

DBC – DB Commodity Index Tracking Fd
27.70
+ 0.33
27.49
27.17

Bullish

DIA – SPDR DJ Industrial Average … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For Stock Trading On Wednesday, October 26, 2011

Posted: 25 Oct 2011 05:33 AM PDT

By ForexMansion.com

The Trend Trader for the Dow 30 Stocks
For Trading On Wednesday, October 26, 2011

In alphabetical order by symbol

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AA – Alcoa Inc
10.14
− 4.16
10.31
10.04

Neutral

AXP – American Express Company
49.42
− 1.00
49.03
47.21

Bullish

BA – Boeing Co
63.72
− 1.59
64.25
63.52

Neutral

BAC – Bank of America Corporation
6.46
− 3.87
6.56
6.45

Neutral

CAT – Caterpillar Inc
89.89
− … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For Forex Trading On Wednesday, October 26, 2011

Posted: 25 Oct 2011 05:33 AM PDT

By ForexMansion.com

The Trend Trader for Forex
For Trading On Wednesday, October 26, 2011

THE BIG SIX

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AUDUSD – Aust Dollar / US Dollar
1.0428
− 0.42
1.0395
1.0289

Bullish

EURUSD – Euro / US Dollar
1.3906
− 0.15
1.3880
1.3819

Bullish

GBPUSD – British Pound / US Dollar
1.6001
+ 0.03
1.5953
1.5851

Bullish

USDCAD – US Dollar / Canadian Dollar
1.0166
+ 1.37
1.0093
1.0125

Bullish

USDCHF – US Dollar … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For Futures Trading On Wednesday, October 26, 2011

Posted: 25 Oct 2011 05:33 AM PDT

By ForexMansion.com

The Trend Trader for Futures
For Trading On Wednesday, October 26, 2011

INDICES

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

S&P 500 – Dec ESZ1
1224.50
− 1.80
1235.33
1219.08

Neutral

Dow Jones – Dec YMZ1
11667
− 1.32
11743
11584

Neutral

Nasdaq – Dec NQZ1
2321.75
− 2.23
2344.06
2324.75

Bearish

Russell – Dec TFZ1
712.40
− 2.57
716.44
699.30

Neutral

INTEREST RATES

US T-Bond – Dec ZBZ1
140-02
+ … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Daily Commodities Update: Oats

Posted: 25 Oct 2011 02:02 AM PDT

By ForexMansion.com
By Jonah S. Ford
Oats futures followed the rest of the grain complex lower in Tuesday's session, triggering a technical breakout on the Autochartist platform. The breakout was detected on the 240-minute time frame and projects a possible trend reversal towards a substantially lower price level.

Autochartist has been tracking a major Triangle chart pattern in the oats futures since the completion of a sell-off down to $3.15 per bushel two weeks ago. The pattern ranks 6 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Android Market Tops 500k Apps

Posted: 24 Oct 2011 10:58 AM PDT

10/24/11 The Android market continues to expand, with the number of submitted apps swelling past the 500k mark. Apple’s app store retains more apps once they are … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings – 3M, Amazon.com, BP, Deutsche Bank, Dupont, UBS, UPS; US Data – S&P Case-Shiller HPI, FHFA Housing Price Index, Conference Board’s Consumer Confidence, Richmond Manufacturing Index; German GfK Consumer Confidence

Posted: 24 Oct 2011 10:20 AM PDT

10/25/11 US consumer and housing data will be released, alongside a slew of earnings reports. Headlines from the Euro-zone will continue to be closely … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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