Monday, October 31, 2011

DailyMarkets.com - Newmont Surpasses Consensus

DailyMarkets.com - Newmont Surpasses Consensus

Newmont Surpasses Consensus

Posted: 31 Oct 2011 09:55 AM PDT

Newmont Mining Corporation’s (NYSE:NEM) adjusted net income rose to $635 million or $1.29 per share in the third quarter from last year's $533 million or $1.08 per share. The result exceeded the Zacks Consensus Estimate of $1.24 per … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Eastman Beats Consensus

Posted: 31 Oct 2011 09:35 AM PDT

Eastman Chemical Company (NYSE:EMN) reported third-quarter earnings of $1.19 per share, compared with $1.11 per share, a year earlier and beat the Zacks Consensus estimate of $1.11 per share. This excludes $7 million of restructuring charges primarily for severance associated with the acquisition and integration of Sterling Chemicals, Inc.
After including the charges, earnings from continuing operations were $1.16 per diluted share in the third quarter of 2011 versus $1.11 per diluted share in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EUR/CHF Continues Bearish Downturn Within Long-Term Downtrend

Posted: 31 Oct 2011 09:33 AM PDT

EUR/CHF (daily chart) as of Monday (10/31/2011) has continued its fall towards the significant 1.2000 psychological support level after having turned down two weeks ago from an important long-term downtrend resistance line extending from the December 2009 high and the key 1.2400 price region.  After having hit the high above 1.2400 two weeks ago, price action broke down below a steep uptrend support line extending from the early August low just above parity (1.0000). The fact that the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURGBP Falling Hard. Approaches Support Area.

Posted: 31 Oct 2011 09:33 AM PDT

The EURGBP is falling hard today after failing on the break higher last week.  The price has moved below the 100 day and 200 day SMAs today and looks next to test the midpoint of the move up from the October low to the October high. That level comes in at the 0.86782 level (see chart above).  I would expect some profit takers to take some profit against this level, with stops on a break of the 0.8668 level low … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD Moves Below Support At The 1.3950-58 Area

Posted: 31 Oct 2011 09:33 AM PDT

The EURUSD has moved below the 1.3950-58 area which was a ceiling area from last weeks trade.  New lows for the day are being made in the pair. The 200 hour MA comes in at the 1.3924 level and is the next key target for the pair on the downside.  The pair has remained below the 100 hour MA (blue line in the chart above) for the NY session and this has encouraged the bears in trading today.  A move back above the 1.3058 would take some of the steam away from the bears who … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

September Restaurant Performance Index Improves

Posted: 31 Oct 2011 09:21 AM PDT

“Buoyed by stronger same-store sales and customer traffic levels, the National Restaurant Association's Restaurant Performance Index (RPI) topped the 100 mark in September for the first time in three months. 

The Restaurant Performance Index consists of two components – the Current Situation Index (measuring current trends) and the Expectations Index (measuring restaurant operators' six-month outlook) – and tracks the health of and outlook for the U.S. restaurant industry.

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

Rogers Reported Mixed 3Q

Posted: 31 Oct 2011 09:20 AM PDT

Rogers Communications Inc. (NYSE:RCI) declared mixed financial results for the third quarter of 2011. However, wireless business, which accounts for more than 58% of its total revenue, returned to growth after a brief struggle in the previous quarter.
Quarterly net income was $491 million or 87 cents per share compared with a net income of $380 million or 66 cents per share in the year-ago quarter. The third-quarter adjusted EPS was 88 cents, well ahead of the Zacks Consensus Estimate of 81 cents. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Methanex Misses Consensus

Posted: 31 Oct 2011 09:05 AM PDT

Methanex Corporation (NASDAQ:MEOH), the world's largest supplier of methanol, earned $62.3 million or 59 cents per share in the third quarter of 2011 versus last year's net income of $28.7 million or 31 cents per share. Earnings missed the Zacks Consensus Estimate of 60 cents per share.
Revenues
Quarterly revenues of $669.7 million exceeded year-ago revenues of $481.0 million.
Total methanol sales volumes excluding commission sales volumes for the third quarter of 2011 stood at 1,890 thousand … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Natural Gas Futures Pull Back From 6-week High On Mild Weather

Posted: 31 Oct 2011 09:01 AM PDT

Forexpros – Natural gas futures pulled back from a six-week high on Monday, as traders turned their attention from the weekend's U.S. Northeast snowstorm to forecasts showing mild weather in the coming week which was expected to limit heating demand.

On the New York Mercantile Exchange, natural gas futures for December delivery traded at USD3.874 per million British thermal units during U.S. morning trade, dropping 1.25%.

Natural gas prices rose by as much as 0.65% earlier to trade at … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – Dollar Still Up Vs. Rivals On Japan Intervention

Posted: 31 Oct 2011 08:52 AM PDT

Forexpros – The U.S. dollar remained broadly higher against its major counterparts on Monday, as Japan’s move to weaken the persistently strong yen continued to boost demand for the greenback.

During U.S. morning trade, the greenback was sharply higher against the yen, trading close to two-month high with USD/JPY climbing 2.86% to hit 77.99.

Japanese officials launched an intervention to curb the appreciation of the yen after the dollar fell to a record low of JPY75.56 in early … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Mixed Bag For Conmed, Net Dips

Posted: 31 Oct 2011 08:50 AM PDT

Conmed Corporation's (NASDAQ:CNMD) third-quarter fiscal 2011 adjusted (excluding one-time items) earnings per share of 33 cents topped the Zacks Consensus Estimate of 31 cents while coming a penny below the year-ago adjusted earnings. The results met the top end of the company's guidance of 29 cents-33 cents.
Profit (as reported) slipped 6% year over year to roughly $8.2 million (or 29 cents a share), hurt by costs of transferring additional product lines to the company's new manufacturing … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crown Castle Beats, Raises Outlook

Posted: 31 Oct 2011 08:35 AM PDT

Crown Castle International Inc. (NYSE:CCI) declared third quarter of 2011 financial results, outperforming the Zacks Consensus Estimates. The solid performance was primarily driven by higher usage of smartphones and increased deployment of 4G networks.
Net profit
Quarterly GAAP net income was approximately $43.7 million or 15 cents per share compared with a net loss of $140.2 million or a loss of 49 cents per share in the year-ago quarter. Third-quarter 2011 EPS of 15 cents was well above the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Equifax Posts A Decent 3Q

Posted: 31 Oct 2011 08:20 AM PDT

Equifax Inc. (NYSE:EFX) has posted third quarter 2011 adjusted earnings per share (EPS) of 65 cents, inching past the Zacks Consensus Estimate by a penny. The quarter's results were up 8.3% from 56 cents reported in the year-ago quarter. The adjusted EPS excludes acquisition-related amortization expense.
Revenue
Revenue grew 3.5% year over year to $490.4 million. The upside could be attributed to top-line growth across the board, partially offset by lackluster performance from the International … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/USD Pares Losses But Still Under Pressure

Posted: 31 Oct 2011 08:19 AM PDT

Forexpros – The pound pared losses against the U.S. dollar on Monday, but remained under pressure after Japan's intervention in the currency market to stem the yen's record gains boosted demand for the greenback.

GBP/USD pulled away from 1.5965, the pair's lowest since Thursday, to hit 1.6048 during U.S. morning trade, still down 0.48%.

Cable was likely to find support at 1.5890, the low of October 26 and resistance at 1.6136, the days high and an almost two-month high.

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

Gold Futures Trim Losses As Euro Zone Concerns Linger

Posted: 31 Oct 2011 08:16 AM PDT

Forexpros – Gold futures trimmed losses on Monday, pulling back from a three-day low as some safe-haven buying re-emerged amid ongoing concerns over the debt crisis in the euro zone.

On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at USD1,726.45 a troy ounce during U.S. morning trade, falling 1.3%.

It earlier fell by as much as 2.1% to trade at USD1,706.25 a troy ounce, the lowest price since October 26.

Gold's safe haven appeal helped … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Wall Street Slides, USD/JPY Spikes Higher

Posted: 31 Oct 2011 08:10 AM PDT

10/31/11 US stocks tracked global equity markets lower, but are on track to end the month on a strong note. USD strength weighed on commodity prices, while the JPY slid on the BOJ … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Perrigo Beats EPS, Sales Miss

Posted: 31 Oct 2011 08:00 AM PDT

Perrigo Company (NASDAQ:PRGO) reported earnings per share of $1.10 for the first quarter of fiscal 2012, beating the Zacks Consensus Estimate of $1.03 and the year-earlier earnings of 87 cents per share. Light sales performance was offset by a lower tax rate to drive earnings growth.
First quarter revenues increased approximately 13% over the prior year to $725.3 million. Total revenues were, however, below the Zacks Consensus Estimate of $748 million. Strong performances by the Active … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Slides On Dollar Strength, Global Equity Slide

Posted: 31 Oct 2011 03:00 AM PDT

10/31/11 Front month crude prices started the new trading week in the red as the dollar surged and global equities were in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – Euro Stays Down Against Broadly Stronger Dollar

Posted: 31 Oct 2011 07:54 AM PDT

Forexpros – The euro remained lower against the U.S. dollar on Monday, as Japan’s intervention in the foreign exchange market to rein in the strong yen continued to support demand for the greenback.

EUR/USD hit 1.3970 during U.S. morning trade, the pair’s lowest since October 27; the pair subsequently consolidated at 1.3996, tumbling 1.08%.

The pair was likely to find support at 1.3863, the low of October 27 and resistance at 1.4246, the high of October 27.

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

Crude Oil Futures Remain Under Pressure By Dollar Strength

Posted: 31 Oct 2011 07:39 AM PDT

Forexpros – Crude oil futures added to losses on Monday, tracking sharp losses in other industrial commodities as the U.S. dollar rallied following Japan's intervention in the foreign-exchange market.

On the New York Mercantile Exchange, light, sweet crude futures for delivery in December traded at USD92.16 a barrel during U.S. morning trade, dropping 1.25%.

It earlier fell by as much as 1.95% to trade at USD91.39 a barrel, the lowest price since October 27.

Crude's losses came as the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Stocks Sharply Lower On Japan Move; Dow Jones Down 1.17%

Posted: 31 Oct 2011 07:12 AM PDT

Forexpros – U.S. stocks were sharply lower open on Monday, as a broadly higher U.S. dollar weighed on commodity prices and renewed euro zone concerns dampened market sentiment.

During early U.S. trade, the Dow Jones Industrial Average tumbled 1.17%, the S&P 500 index dropped 1.29%, while the Nasdaq Composite index declined 1.06%.

The greenback rallied broadly after Japanese officials launched an intervention to curb the appreciation of the yen, earlier Monday.

Japan's Vice Finance … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Eurozone Optimism Fades, Japan Moves To Weaken The Yen, And MF Global Bankruptcy Concerns Rise

Posted: 31 Oct 2011 01:15 AM PDT

10/31/11 NYFP’s Morning Market Brief: Eurozone optimism appears to have faded on Italy and Portugal concerns, Japanese officials intervene on the recent yen rally, and MF Global bankruptcy/take-over rumors … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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