Wednesday, October 19, 2011

DailyMarkets.com - GOL: Stake Increase By Investors

DailyMarkets.com - GOL: Stake Increase By Investors


GOL: Stake Increase By Investors

Posted: 19 Oct 2011 08:00 AM PDT

Gol Linhas Aereas Inteligentes(NYSE:GOL) recently announced to have received investments from subsidiaries of Fidelity Investments, whereby the latter acquired a 5.27% stake in the Brazilian low cost airline. The stake acquisition amounts to roughly 6.15 million American depository shares (ADS) and nearly 890,000 preferred shares.
Also, prior to this, the company's shares were acquired by its existing shareholder Wellington Management Co., which bought about 6.72 million shares or 5% interest in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Conceptus Wins Jury Verdict

Posted: 19 Oct 2011 07:35 AM PDT

Conceptus (NASDAQ:CPTS) recently received a favorable ruling from a jury in the District Court of the Northern District of California in a patent litigation against Hologic (NASDAQ:HOLX). The jury ruled that Hologic's Adiana Permanent Contraception infringes two of Conceptus’ patents related to the Essure procedure. As a result, Conceptus was awarded $18.8 million as compensation for damages.
Conceptus presently plans to seek an injunction in order to stop Hologic from selling Adiana products in US. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex Trading: EURUSD Heads To The 100 Hour MA Test

Posted: 19 Oct 2011 07:32 AM PDT

The 100 hour MA is at 1.3780. The 38.2% of the move up from yesterday's low at 1.3786. This is a key level for the pair.  Typically, there is profit taking buying against the support levels  on the test.  A break below would target next the 1.3760. Yesterday the price closed at 1.3750 and often the level matters. 
It seems in NY that the EURUSD is bearish but overall, the price is still up on the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Earnings Preview: Union Pacific

Posted: 19 Oct 2011 07:15 AM PDT

Union Pacific Corporation(NYSE:UNP) is slated to release its third quarter 2011 results on Thursday, October 20, before the opening bell. The current Zacks Consensus Estimate for the third quarter is pegged at $1.81, representing an annualized growth of 15.94%.
With respect to earnings surprises, over the trailing four quarters, Union Pacific has outperformed the Zacks Consensus Estimate in all the quarters except one quarter where the reported EPS missed the Zacks Consensus Estimate of $1.31 by 2 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Morgan Stanley Prospers On A/C Gain

Posted: 19 Oct 2011 07:05 AM PDT

Morgan Stanley's (NYSE:MS) third-quarter earnings from continuing operations came in at $1.14 per share, way ahead of the Zacks Consensus Estimate of 34 cents. With this the company returns to its profit trend after incurring a loss in the prior quarter due to the Mitsubishi UFJ Financial Group Inc. (NYSE:MTU) preferred stock conversion. The company had earned 5 cents per share from continuing operations in the year-ago quarter.
A significant benefit from the widening of debt-related credit spreads … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Earnings Preview: Seagate.

Posted: 19 Oct 2011 07:00 AM PDT

Seagate Technology Plc (STX) is scheduled to announce its first quarter 2012 results on October 20, 2011 and the modest revision in analysts' estimates reflect some key changes in the company's future business prospects.
 Fourth Quarter Overview
The company reported decent fourth quarter 2011 results. Earnings per share of 28 cents surpassed the Zacks Consensus Estimate of 25 cents. Reported earnings, however, were below the year-ago quarter level.
Seagate reported revenues of $2.86 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Intel Beats, Guidance Strong

Posted: 19 Oct 2011 06:54 AM PDT

Intel Corp (NASDAQ:INTC) reported third quarter earnings of 66 cents per share that beat the Zacks Consensus Estimate by 5 cents, or 8.2%. Revenue also came in higher, beating the Zacks Consensus by 3.3%. The surprise was driven by very strong revenue growth across geographies and particular strength in the client business. Shares jumped 4.4% in after-market trading.

Revenue

Intel reported revenue of $14.2 billion (including deferred revenue of $59 million) within management's guidance range of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


P&G’s Wella Makes Peace With Willa

Posted: 19 Oct 2011 06:54 AM PDT

The world's leading consumer goods manufacturer Procter & Gamble Company (NYSE:PG) decided to settle the trademark infringement case against businesswoman Christy Prunier. She was sent a 'cease and desist letter' by P&G, based on the fact that Prunier's brand 'Willa', comprising of skin care collection and a lip balm, was homophonous with P&G's iconic hair care brand 'Wella'.
Wella is a German company, and one of the world's leading cosmetics suppliers. Procter … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – NZD/USD Up During The European Session

Posted: 19 Oct 2011 06:50 AM PDT

Forexpros – The New Zealand Dollar was higher against the U.S. Dollar on Wednesday after the release of U.S. data on Core CPI.

NZD/USD was trading at 0.7975, up 0.21% at time of writing.

The pair was likely to find support at 0.7862, Tuesday's low, and resistance at 0.8068, Monday's high.

Earlier in the day, official data showed that core consumer price inflation in the U.S. rose less-than-expected to a seasonally adjusted 0.1% last month from 0.2% in the preceding month.

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


Euro Remains Range Bound Ahead Of Euro Zone Summit

Posted: 19 Oct 2011 06:32 AM PDT

Wednesday, October 19, 2011
Going into the EU summit, it should come as no surprise that option premiums in Eurocurrency futures options are running high, as uncertainty is high regarding whether any plan will be forthcoming to deal with the debt crisis. Some traders who may desire to take advantage of the higher volatility levels in the near-term options may perhaps want to explore the sale of a deep out-of-the-money strangle in Eurocurrency options. For example, with the December Eurocurrency … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex Trading: EURUSD Moving Up And Down On Eurozone Optimism/pessimism

Posted: 19 Oct 2011 06:32 AM PDT

The EURUSD is moving up and down on Eurozone optimism and pessimism.  The latest was that France's Sarkozy says the Euro talks are stuck over relations between EFSF and ECB.  This seems to have sent the EURUSD back lower and the price is now looking toward the 1.3812 support level which is the 38.2% of the days trading range.   A break of that level will be needed to push the pair lower.  On the topside the 1.3830 remains the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


FirstEnergy Finds 3rd Mine Partner

Posted: 19 Oct 2011 06:30 AM PDT

Joint venture partners FirstEnergy Corp. (NYSE:FE) and privately held Boich Companies, yesterday, included a third partner – Gunvor Group for ownership of the Signal Peak coal mine in Montana. The companies sold a one-third interest in the Signal Peak coal mine to a subsidiary of commodity trader Gunvor Group Ltd. for $400 million.
The proceeds from the sale were split between both FirstEnergy and Boich, with FirstEnergy receiving about $260 million and Boich getting the remaining $140 million. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – USD/JPY Down On Economic Data

Posted: 19 Oct 2011 06:25 AM PDT

Forexpros – The U.S. Dollar was lower against the Japanese Yen on Wednesday after the release of U.S. data on Core CPI.

USD/JPY was trading at 76.80, down 0.03% at time of writing.

The pair was likely to find support at 76.60, Monday's low, and resistance at 77.45, Monday's high.

Earlier in the day, official data showed that core consumer price inflation in the U.S. rose less-than-expected to a seasonally adjusted 0.1% last month from 0.2% in the preceding month.

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


Split News Overshadows Abbott Results

Posted: 19 Oct 2011 06:21 AM PDT

Abbott Labs (NYSE:ABT) reported third quarter earnings of $1.18 per share, a penny above the Zacks Consensus Estimate and at the higher end of the guidance range provided by the company. Earnings increased 12.4% from the year-earlier period, as higher revenues helped drive results. Including one-time items, earnings declined 66.7% to 19 cents per share.
Third quarter revenues increased 13.2% to $9.8 billion, just above the Zacks Consensus Estimate of $9.6 billion.
The Quarter in Detail
All … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


The Earnings Parade Continues

Posted: 19 Oct 2011 06:16 AM PDT

The earnings parade continues even as the market tries to come to terms with the negative Apple (NASDAQ:AAPL) surprise and waits for the expected weekend deal out of Europe. We also have economic data this morning about September CPI and Housing Starts, but they will likely have less traction in today’s market given the focus on earnings and Europe.

The September CPI number was largely inline with expectations, both on the ‘headline’ as well as ‘core’ basis. Given the recent pullback in commodity … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Stock Market News Briefs: Apple, AK Steel Holding, DaVita, Forest Laboratories, Goldman Sachs Group, W.W. Grainger, International Business Machines, Johnson & Johnson, State Street Corp, Tyco Electronics Ltd., Yahoo!

Posted: 19 Oct 2011 06:16 AM PDT

    Yahoo! Inc. (NASDAQ:YHOO) posted Q3 EPS of $0.21, ahead of the Zacks Consensus Estimate of $0.17. Revenues for the quarter came in at $1.07 billion

    Apple (NASDAQ:AAPL) reported Q4 EPS of $7.05, lower than the Zacks Consensus Estimate of $7.24 per share. Revenues for the quarter came in at $28.30 billion

    Forest Laboratories, Inc. (NYSE:FRX) reported Q2 EPS of $0.91, missing the Zacks Consensus Estimate of $0.99 per share. Revenues for the quarter … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


PPG To Acquire Dyrup A/S

Posted: 19 Oct 2011 06:16 AM PDT

PPG Industries Inc. (NYSE:PPG) announced that it has finalized a deal to buy European coatings company Dyrup A/S from public holding company Monberg & Thorsen for a total of 115 million euros ($160 million).
The acquisition is set to close on January 5, 2012.
The buyout of Dyrup will enable PPG to continue to expand its geographic reach within Europe, as well as expand its product portfolio to include Dyrup’s established strong brands, particularly in wood care products. Dyrup and PPG … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Vivus Seeks Obesity Drug Approval

Posted: 19 Oct 2011 06:05 AM PDT

Vivus Inc. (NASDAQ:VVUS) recently announced the resubmission of the new drug application (NDA) for Qnexa to the US Food and Drug Administration (FDA). The company is seeking approval of Qnexa for an initial indication that includes the treatment of obese men and women of non-child bearing potential.
The company is seeking approval for the use of Qnexa for the treatment of obesity, including weight loss and weight maintenance for obese patients (BMI > 30 kg/m2), or overweight patients (BMI > 27 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Apple Struggles In 4Q

Posted: 19 Oct 2011 05:50 AM PDT

Apple Inc.'s (NASDAQ:AAPL) earnings juggernaut hit a road block, after the iPhone maker missed the Zacks Consensus Estimates in the fourth quarter of 2011. Apple earned $7.05 in the reported quarter, lagging the Zacks Consensus Estimate of $7.31. Apple shares declined approximately 7.0% in after hours trading.
Earnings per share (EPS) shot up 52.0% from $4.64 reported in the year-ago quarter and were ahead of Apple's conservative guidance of $5.50. The year-over-year growth was driven by higher … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Arkema EPCM Contract For Jacobs

Posted: 19 Oct 2011 05:50 AM PDT

Jacobs Engineering Group Inc. (NYSE:JEC) recently announced receipt of a contract from Arkema Inc. to provide engineering procurement and construction management (EPCM) services. The two projects under the contract include an acrylic acid expansion and a methyl acrylate project, at the company’s Clear Lake, Texas operations.
Arkema is a global chemical company and France’s leading chemicals producer. The contract is expected to support Arkema's projects, which are targeted toward future … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – EUR/USD Up On Economic Data

Posted: 19 Oct 2011 05:50 AM PDT

Forexpros – The Euro was higher against the U.S. Dollar on Wednesday after the release of U.S. data on Core CPI.

EUR/USD was trading at 1.3854, up 0.73% at time of writing.

The pair was likely to find support at 1.3653, Tuesday's low, and resistance at 1.3914, Monday's high.

Earlier in the day, official data showed that core consumer price inflation in the U.S. rose less-than-expected to a seasonally adjusted 0.1% last month from 0.2% in the preceding month.

Analysts had expected U.S. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


U.S. Core CPI Rises Less-than-expected

Posted: 19 Oct 2011 05:40 AM PDT

Forexpros – Core consumer price inflation in the U.S. rose less-than-expected last month, official data showed on Wednesday.

In a report, U.S Bureau of Labor Statistics – Department of Labor said that U.S. core CPI rose to a seasonally adjusted 0.1%, from 0.2% in the preceding month.

Analysts had expected U.S. core CPI to rise 0.2% last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Canada’s Leading Index Falls Unexpectedly

Posted: 19 Oct 2011 05:40 AM PDT

Forexpros – Canada's leading index fell unexpectedly last month, official data showed on Wednesday.

In a report, Statistics Canada said that Canada's leading index fell to a seasonally adjusted -0.1%, from 0.0% in the preceding month.

Analysts had expected Canada's leading index to rise to 0.2% last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


U.S. Housing Starts Rise More-than-expected

Posted: 19 Oct 2011 05:40 AM PDT

Forexpros – U.S. housing starts rose more-than-expected last month, official data showed on Wednesday.

In a report, the Census Bureau said that the number of housing starts rose to 0.66M, from 0.57M in the preceding month .

Analysts had expected the number of housing starts to rise to 0.59M last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


J2 Global Upgraded To Outperform

Posted: 19 Oct 2011 05:33 AM PDT

We are upgrading our recommendation on j2 Global Communications Inc. (NASDAQ:JCOM) to Outperform based on its excellent financial results for the second quarter of 2011, which significantly beat the Zacks Consensus Estimates.  We believethe company's strong financial position and diversified product pipeline, coupled with the long-term growth prospects of outsourced value-added messaging services, will drive its earnings higher in the near future.
The Subscriber Usage revenue continues to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex Trading: EURUSD Eyeing 1.3830 And 1.3846 Above. 1.3812 Below

Posted: 19 Oct 2011 05:32 AM PDT

The levels to eye today include the 1.3830 and the 1.3846. The 1.3830 is the 38.% of the move down from the 2011 high reached in May. The 1.3846 level is the 50% of the move down from the August 2011 high.  
In early NY trade the price has moved below these levels and is currently trading at 1.3824. THe 38.2% of the days trend like move higher comes in at the 1.3812 and the low in NY just tested that level  This is a red flag for me intraday so be cautious. There could be some … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Earnings Preview: Honeywell Intl.

Posted: 19 Oct 2011 05:16 AM PDT

Honeywell International Inc. (NYSE:HON) is slated to release its third-quarter 2011 results on Friday, October 21, 2011. The current Zacks Consensus Estimate for third-quarter earnings per share (EPS) is 99 cents, representing an annualized growth of 55.21%.  
Honeywell had outperformed the Zacks Consensus Estimate over the trailing four quarters with an average positive surprise of 77.03%.
Second Quarter Highlights
Honeywell International Inc. reported second-quarter 2011 earnings per … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Fluors New Arabian Gulf Project

Posted: 19 Oct 2011 05:02 AM PDT

Fluor Corporation (NYSE:FLR)’s Fluor Offshore Solutions unit   has received a front-end engineering and design (FEED) contract from Abu Dhabi Marine Operating Company (ADMA-OPCO). The contract is for new offshore facilities located at the Nasr Field about 30 kilometers northeast of Umm Shaif Super Complex in Abu Dhabi, United Arab Emirates (UAE). The contract value is undisclosed. The third-quarter 2011 bookings of Fluor include this contract.
Fluor has earlier worked with Abu Dhabi … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Crude Oil Gains Fragile As S&P 500 Futures Positioning Lacks Conviction

Posted: 19 Oct 2011 04:58 AM PDT

Talking Points

Crude Oil Gains on Rumors of EFSF Expansion but Outlook Clouded From Here
Gold Spikes Lower as Bernanke Hints Federal Reserve Moving Away from QE

WTI Crude Oil (NY Close): $88.34 // +1.96 // +2.27%
Crude oil is on the upswing along with the spectrum of risky assets as investors seize on yet another EU debt crisis rescue rumor, this one appearing in The Guardian and claiming that France and Germany have agreed to expand the lending capacity of the EFSF bailout fund to 2 trillion … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Natural Gas Futures Steady With Inventory Data In Focus

Posted: 19 Oct 2011 03:52 AM PDT

Forexpros – Natural gas futures steadied on Wednesday, following the previous day's sharp drop as investors stuck to the sidelines ahead of Thursday's storage report, which could show another triple-digit inventory build.

On the New York Mercantile Exchange, natural gas futures for November delivery traded at USD3.556 per million British thermal units during European morning trade, easing up 0.08%.

The November contract traded between a range of USD3.534, the daily low and USD3.570, the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – Dollar Broadly Lower As Euro Zone Hopes Lift Sentiment

Posted: 19 Oct 2011 03:48 AM PDT

Forexpros – The U.S. dollar was broadly lower against its major rivals on Wednesday, as risk appetite recovered on the back of hopes for a breakthrough by leaders on dealing with the debt crisis in the euro zone at this weekend's European Union summit.

During European late morning trade, the greenback was down against the euro, with EUR/USD climbing 0.62% to hit 1.3838.

The euro was lifted by hopes that Sunday's EU summit could result in some progress in dealing with the debt crisis, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – GBP/USD Extends Gains As Risk Appetite Recovers

Posted: 19 Oct 2011 03:34 AM PDT

Forexpros – The pound extended gains against the U.S. dollar on Wednesday, as risk appetite recovered but sterling remained vulnerable after the minutes of the Bank of England's October meeting showed that policymakers mulled additional easing measures.

GBP/USD hit 1.5818 during European late morning trade, the daily high; the pair subsequently consolidated at 1.5802 gaining 0.57%.

Cable was likely to find support at 1.5631, Tuesday's low and a four-day low and short-term resistance at … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – EUR/USD Extends Gains As Sentiment Strengthens

Posted: 19 Oct 2011 03:26 AM PDT

Forexpros – The euro added to early gains against the U.S. dollar on Wednesday, as market sentiment strengthened amid hopes that European leaders may make progress on tackling the euro zone debt crisis at this weekend's summit.

EUR/IUSD hit 1.3868 during European late morning trade, the pair's highest since Monday; the pair subsequently consolidated at 1.3850, advancing 0.71%.

The pair was likely to find support at 1.3724, Monday's low and short-term resistance at 1.3913, Monday's … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Sugar Futures Jump On Global Supply Fears

Posted: 19 Oct 2011 03:26 AM PDT

Forexpros – Sugar futures were up for a second day on Wednesday, hovering close to a four-week high as growing concerns over a shortage in global supplies boosted prices.

On the ICE Futures U.S. Exchange, sugar futures for March delivery traded at USD0.2819 a pound during European morning trade, jumping 1.9%.

It earlier rose by as much as 2.05% to trade at USD0.2825 a pound, the highest price since October 17, when prices rose to a four-week high of USD0.2834 a pound.

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


Forex – USD/CHF Erases Gains Amid Hopes For Euro Progress

Posted: 19 Oct 2011 03:16 AM PDT

Forexpros – The U.S. dollar erased gains against the Swiss franc on Wednesday, pulling back from the daily high as market sentiment strengthened amid fresh hopes for a breakthrough on dealing with the debt crisis in the euro zone.

USD/CHF pulled away from 0.9022, the daily high, to hit 0.8967 during European morning trade, sliding 0.21%.

The pair was likely to find support at 0.8880, Monday's low and an almost one-month low and resistance at 0.9047, Tuesday's high.

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


OmniTouch Transforms Any Surface Into Touchscreen

Posted: 18 Oct 2011 03:58 PM PDT

10/18/11 The OmniTouch technology turns any flat surface into a touchscreen. Researchers at Microsoft and Carnegie Mellon University developed the interactive … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Earnings – American Express, EBay, Morgan Stanley, Travelers, United Technologies; U.S. CPI, Housing Starts, Fed’s Beige Book, Euro-zone Industrial Orders And Construction Output

Posted: 18 Oct 2011 10:20 AM PDT

10/18/11 In mid-week trade, more earnings from the financial sector will be released. Key US data on housing and inflation will be closely … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Dow Jumps 180 Points On Reports Of EU Bailout Fund Expansion

Posted: 18 Oct 2011 09:00 AM PDT

10/18/11 NYFP’s Closing Bell Report: The Dow rebounded more than 180 points today as reports surfaced that France and Germany are ready to agree to a 2 trillion euro rescue fund. Meanwhile, Intel and Yahoo release their … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


“Mixed Data Again…it’s Been A Quiet Bounce”

Posted: 18 Oct 2011 05:12 AM PDT

10/18/11 OnPoint Executions’ Bobby Heller discusses the bounce in equity markets and weighs in on the latest earnings and economic … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Euro Slide Continues On Weak Data, Risk Aversion, & EU Debt Crisis Concerns

Posted: 18 Oct 2011 05:00 AM PDT

10/18/11 As optimism over an EU debt solution continues to fade, the euro currency remains lower this afternoon against its major counterparts and investors steer clear of riskier … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Crude Steady Despite Weak Global Data

Posted: 18 Oct 2011 04:00 AM PDT

10/18/11 There was little change for front month crude prices this morning, trading only cents higher from yesterday’s close, this despite a slowdown Chinese GDP and German investor … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Wall Street Pares Losses On Mixed Data And Earnings

Posted: 18 Oct 2011 03:03 AM PDT

10/18/11 US stocks pared back earlier losses in a choppy session. NAHB housing market index surprised to the upside, while PPI gained more-than-expected. The financial sector traded … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


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