DailyMarkets.com - Schlumberger To Drill For Pemex |
- Schlumberger To Drill For Pemex
- CenturyLink Upped To Neutral
- Natural Gas Supplies Rise Further
- Forex Trading: EURUSD Back Above The Days Midpoint
- Forex Trading: USDCAD Test Midpoint Of Move Up From July’s Low
- Forex Trading: EURUSD Continues The Squeeze Back Higher
- Dept. Of Ins., AZ Seizes PMI Unit
- Earnings Preview: Netflix Inc.
- Lorillard Misses Estimates
- Record 3Q For Caterpillar
- Chipotle Tops Estimates
- A Closer Look At The AUXILIO / Sodexo Partnership
- Merck KGaA Washes Hands Of PD Drug
- Dominos Beats On Top-Line Growth
- Earnings Preview: Lexmark
- Earnings Preview: Boston Properties
- Strong 3Q For Kinetic
- Earnings Preview: Illinois Tool
- Award For Ecolab’s Envirocid Plus
- Earnings Preview: C.R. Bard
- Earnings Preview: Vale S.A
- Forex – Dollar Broadly Lower On EU Hopes, China PMI Data
- Natural Gas Futures Turn Lower On Profit Taking, Supply Outlook
- Forex – GBP/USD Off Daily Low As EU Summit On Tap
- Crude Oil Futures Rally To 6-week High On EU Hopes, China Data
- M&A, Earnings Lift US Stock Averages
- Forex – EUR/USD Erases Losses As EU Summit Hopes Support
- Gold Futures Add To Gains As Markets Await EU Developments
- Reshoring Example: Houston-Based Farouk Systems
- U.S. Stocks Higher Ahead Of E.U. Summit; Dow Jones Up 0.68%
- Forex – USD/CAD Steady As E.U. Summit Awaited
- Coffee Futures Rise To 1-month High On Global Supply Fears
- Aussie Firms On Chinese Data; Euro Dragged Lower On Crisis Concerns
- When Will The EU Be Honest With Itself?
- Forex – Dollar Edges Higher Amid Caution Ahead Of EU Summit
- Global Markets Rally As EU Leaders Continue To Outline The EFSF
- European Stocks Mixed On E.Z. Doubts; DAX Up 0.21%
- Remembering The Stock Market Crash Of 1987
| Schlumberger To Drill For Pemex Posted: 24 Oct 2011 10:05 AM PDT Houston, Texas-based Schlumberger Limited (NYSE:SLB)'s local branch secured the right to drill a mature oil field offered by Mexico's state oil monopoly Petroleos Mexicanos (Pemex) after the original winner – Mexican concern Administradora en Proyectos de Campos – failed to comply with the legal formalities of the contract and did not furnish the required financial backing for the project.
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| Posted: 24 Oct 2011 09:46 AM PDT We have upgraded our long-term rating on CenturyLink Inc. (NYSE:CTL) to Neutral from Underperform on the back of synergies expected from Embarq, Qwest and Savvis acquisitions.
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| Natural Gas Supplies Rise Further Posted: 24 Oct 2011 09:36 AM PDT The U.S. Energy Department’s weekly inventory release showed a lower-than-expected increase in natural gas supplies. However, the increase in storage was still well above the 5-year average rate, as mild weather continues to restrict the commodity's demand for power burn amid robust production.
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| Forex Trading: EURUSD Back Above The Days Midpoint Posted: 24 Oct 2011 09:34 AM PDT The EURUSD is back above the days midpoint at 1.3887 and is also back above the closing level from Fridays trading at 1.3895. The pair was not able to break below the 1.3820-30 (yellow area in the chart above). The underside of the trendline which was broken on the topside earlier today also needs to be broken to push this pair lower . On the topside, the 1.39127 level is the high from last week and will be eyed now as resistance. A move above the level opens the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex Trading: USDCAD Test Midpoint Of Move Up From July’s Low Posted: 24 Oct 2011 09:34 AM PDT The USDCAD is testing the midpoint of the move up from the July low of 0.94052. The level comes in at the 1.00306 level. Oil being above $90 per barrel (and higher commodity prices today) is helping the fundamental bias for the pair. A break below will next target the 1.0012 (see chart below) and of course parity for the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex Trading: EURUSD Continues The Squeeze Back Higher Posted: 24 Oct 2011 09:34 AM PDT The high at the 1.3952 is the next target. Support for the pair at 1.3912 now and at the close from Friday at … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Dept. Of Ins., AZ Seizes PMI Unit Posted: 24 Oct 2011 09:18 AM PDT Arizona's Department of Insurance has seized PMI Mortgage Insurance Co., the main subsidiary of PMI Group (NYSE:PMI). The company will also commence paying claims at just 50%. The Department of Insurance has full possession, management and control of the PMI Mortgage Insurance Co.
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| Earnings Preview: Netflix Inc. Posted: 24 Oct 2011 09:11 AM PDT Netflix Inc.(NASDAQ:NFLX) is scheduled to announce its third quarter 2011 results today after the closing bell. In the run up to the earnings release, we noticed that analyst estimates were swinging both ways. However, considering past performance, we think another earnings beat may be expected.
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| Posted: 24 Oct 2011 09:06 AM PDT Lorillard Inc. (NYSE:LO) reported adjusted third-quarter 2011 earnings of $1.76 per share, missing the Zacks Consensus Estimate of $2.04 per share. However, the results exceeded the prior-year earnings by 7.2%.
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| Posted: 24 Oct 2011 09:03 AM PDT Caterpillar Inc. (NYSE:CAT) posted an impressive third quarter with a 44% climb in EPS to $1.71 from $1.22 in the year-earlier quarter. Excluding the impact of the acquisition of Bucyrus International Inc., EPS was a record $1.93, up an impressive 58% from $1.22 a year ago. The company was way ahead of the Zacks Consensus Estimate of $1.59 per share.
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| Posted: 24 Oct 2011 09:02 AM PDT After reporting below-expectation results for two consecutive quarters due to higher food prices, Chipotle Mexican Grill, Inc. (NYSE:CMG) topped the Zacks Consensus Estimate in the third quarter of 2011.
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| A Closer Look At The AUXILIO / Sodexo Partnership Posted: 24 Oct 2011 09:02 AM PDT A Closer Look at the AUXILIO / Sodexo Partnership AUXILIO (AUXO) is the only health care exclusive, vendor neutral Managed Print Services (MPS) firm that provides document production management strategies, services and solutions to hospitals and health care systems throughout the United States. AUXILIO's continuous workflow improvement methodology enables hospitals to reduce costs and waste in their operational and clinical functions through paper volume reduction techniques … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Merck KGaA Washes Hands Of PD Drug Posted: 24 Oct 2011 09:02 AM PDT Merck KGaA (MKGAF) recently announced that it will return all rights for safinamide to Newron Pharmaceuticals S.p.A. Merck KGaA had purchased exclusive worldwide rights to develop, manufacture and commercialize safinamide for Parkinson's disease (PD) and other therapeutic applications in 2006.
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| Dominos Beats On Top-Line Growth Posted: 24 Oct 2011 09:02 AM PDT Domino’s Pizza Inc. (NYSE:DPZ) reported third quarter 2011 adjusted earnings of 35 cents per share, which outpaced the Zacks Consensus Estimate by 2 cents and the year-ago quarter adjusted earnings by 8 cents.
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| Posted: 24 Oct 2011 09:02 AM PDT Lexmark Inc. (LXK) is scheduled to announce its third quarter 2011 results on October 25, 2011. We witness a few changes in analysts' estimates post the release of its second quarter 2011 results.
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| Earnings Preview: Boston Properties Posted: 24 Oct 2011 09:02 AM PDT Boston Properties Inc. (BXP), a real estate investment trust (REIT), is scheduled to report its third quarter 2011 earnings after the closing bell on October 25, 2011. The current Zacks Consensus Estimate for the third quarter is pegged at $1.24 per share, representing an annualized growth of 15.8%.
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| Posted: 24 Oct 2011 09:02 AM PDT Kinetic Concepts Inc. (NYSE:KCI) reported third quarter 2011 EPS of $1.16, up 9% from the year-ago quarter. However, adjusted EPS (excluding acquisition-related expenses related to LifeCell purchase in 2008 and expenses associated with the proposed merger during the quarter) came in at $1.35, surpassing the Zacks Consensus Estimate of $1.31 and 12.5% higher than the year-ago quarter.
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| Earnings Preview: Illinois Tool Posted: 24 Oct 2011 09:02 AM PDT Illinois Tool Works Inc.(NYSE:ITW) is slated to release its third quarter 2011 results on Tuesday, October 25. The current Zacks Consensus Estimate for earnings per share (EPS) is 98 cents, representing an annualized growth of 17.61%.
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| Award For Ecolab’s Envirocid Plus Posted: 24 Oct 2011 09:02 AM PDT Leading cleaning and sanitation products company Ecolab Inc (NYSE:ECL) has won the Innovation Sustainability Award, sponsored by the International Dairy Foods Association ("IDFA"), for its newly launched Envirocid Plus cleaner at the International Dairy Show in Atlanta.
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| Posted: 24 Oct 2011 09:02 AM PDT Leading medical devices maker C.R. Bard (NYSE:BCR) is slated to announce its third-quarter 2011 results after the closing bell on Tuesday, October 25. The New Jersey-based company expects its sales for the quarter to grow 4%-6% in constant currency, assuming sustained weakness in the U.S. Moreover, it expects an adjusted earnings in the range of $1.57 to $1.61 a share. The current Zacks Consensus Estimate for revenues and earnings for the third quarter are $725 million and $1.60 a share, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 24 Oct 2011 09:02 AM PDT Vale S.A (VALE) will report its third-quarter 2011 earnings on Wednesday, October 26, 2011 after market closes.
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| Forex – Dollar Broadly Lower On EU Hopes, China PMI Data Posted: 24 Oct 2011 08:58 AM PDT Forexpros – The U.S. dollar turned lower against its major counterparts on Monday, as hopes that European leaders were moving closer to resolving their debt crisis, while strong Chinese manufacturing data eased concerns over a slowdown in the world's largest economy. During U.S. morning trade, the greenback was down against the euro, with EUR/USD adding 0.24% to hit 1.3845. European Union leaders moved closer to an agreement on bank recapitalization on Sunday, while Germany and France … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Natural Gas Futures Turn Lower On Profit Taking, Supply Outlook Posted: 24 Oct 2011 08:54 AM PDT Forexpros – Natural gas futures fell for the first time in four days on Monday, as investors turned their attention to rising U.S. supplies following a three-day rally that took prices to a two-day high earlier in the day. On the New York Mercantile Exchange, natural gas futures for December delivery traded at USD3.800 per million British thermal units during U.S. morning trade, slumping 0.68%. Natural gas prices rose by as much as 1.1% earlier to hit a two-day high of USD3.865 per million … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – GBP/USD Off Daily Low As EU Summit On Tap Posted: 24 Oct 2011 08:49 AM PDT Forexpros – The pound erased losses against the U.S. dollar on Monday, pulling back from the daily low as hopes that Wednesday’s European summit will result in a viable solution to the euro zone’s debt crisis supported demand for riskier assets. GBP/USD rebounded from 1.5901, the daily low to hit 1.5993 during U.S. morning trade, rising 0.26%. The pair was likely to find support at 1.5843, the low of September 9 and resistance at 1.6082, the high of September 8. The pound found support, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Crude Oil Futures Rally To 6-week High On EU Hopes, China Data Posted: 24 Oct 2011 08:16 AM PDT Forexpros – Crude oil futures extended sharp gains on Monday, rallying to a six-week high amid hopes for a breakthrough on resolving the euro zone's debt crisis and as data pointed to an improvement in Chinese manufacturing. On the New York Mercantile Exchange, light, sweet crude futures for delivery in December traded at USD89.84 a barrel during U.S. morning trade, surging 2.8%. It earlier rose by as much as 2.92% to trade at USD89.94 a barrel, the highest price since September … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| M&A, Earnings Lift US Stock Averages Posted: 24 Oct 2011 08:10 AM PDT 10/24/11 Wall Street kicked off the trading week with an advance. Earnings from Caterpillar, a handful of earnings, and optimism ore progress in Euro-zone adding to improved … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – EUR/USD Erases Losses As EU Summit Hopes Support Posted: 24 Oct 2011 08:07 AM PDT Forexpros – The euro erased losses against the U.S. dollar on Monday, pulling back from the daily low boosted by hopes that an upcoming European Union summit would result in a breakthrough in tackling the euro zone's debt crisis. EUR/USD rebounded from 1.3823, the daily low, to hit 1.3906 during U.S. morning trade, edging up 0.08%. The pair was likely to find support at 1.3655, the low of October 20 and resistance at 1.3953, the days high and a six-week high. EU leaders moved closer to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Gold Futures Add To Gains As Markets Await EU Developments Posted: 24 Oct 2011 07:46 AM PDT Forexpros – Gold futures added to gains on Monday, trading at a three-day high as investors positioned themselves in the precious metal ahead of Wednesday’s critical European Union summit. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at USD1,654.15 a troy ounce during U.S. morning trade, climbing 1.1%. It earlier rose by as much as 1.4% to trade at USD1,663.15 a troy ounce, the highest price since October 19. European leaders moved … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Reshoring Example: Houston-Based Farouk Systems Posted: 24 Oct 2011 07:37 AM PDT From The Financial Times: “Farouk Shami, chairman and main owner of Houston-based Farouk Systems, made an unorthodox choice when he decided where to expand production of his professional hairdressing equipment. Rather than adding to his existing workforce in Asia, Mr. Shami expanded in Texas. More of his products now carry the "made in America" label after the decision four years ago to cut back on the work he was giving to subcontractors, based mainly in China and South Korea, in favor … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| U.S. Stocks Higher Ahead Of E.U. Summit; Dow Jones Up 0.68% Posted: 24 Oct 2011 07:35 AM PDT Forexpros – U.S. stocks were higher on Monday, adding to the previous week’s gains after upbeat earnings reports and as investors eyed the outcome of Wednesday’s European summit on the region’s sovereign debt crisis. During early U.S. trade, the Dow Jones Industrial Average rose 0.68%, the S&P 500 index climbed 0.88%, while the Nasdaq Composite index increased 1.32%. EU leaders moved closer to an agreement on bank recapitalization on Sunday, while Germany and France neared an agreement … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – USD/CAD Steady As E.U. Summit Awaited Posted: 24 Oct 2011 07:02 AM PDT Forexpros – The U.S. dollar was steady against its Canadian counterpart on Monday, trading close to a one-week low as traders remained cautious ahead of Wednesday’s critical European Union summit. USD/CAD hit 1.0047 during European afternoon trade, the pair’s lowest since October 17; the pair subsequently consolidated at 1.0063, easing down 0.03%. The pair was likely to find support at 0.9908, the low of September 21 and resistance at 1.0215, the high of October 19. EU leaders moved closer … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Coffee Futures Rise To 1-month High On Global Supply Fears Posted: 24 Oct 2011 06:45 AM PDT Forexpros – Coffee futures rose to a one-month high on Monday, extending sharp gains from the previous session as heavy rains in South America and flooding in Asia continued to fuel concerns over declining global coffee supplies. On the ICE Futures Exchange, Arabica coffee for December delivery traded at USD2.4807 a pound during U.S. morning trade, jumping 1.06%. It earlier rose by as much as 1.12% to trade at USD2.4822 a pound, the highest price since September 22. Coffee prices surged … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Aussie Firms On Chinese Data; Euro Dragged Lower On Crisis Concerns Posted: 24 Oct 2011 06:33 AM PDT Fundamental Headlines
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| When Will The EU Be Honest With Itself? Posted: 24 Oct 2011 06:23 AM PDT What does the future hold for the economies within the European Union and by extension the global economic landscape?
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| Forex – Dollar Edges Higher Amid Caution Ahead Of EU Summit Posted: 24 Oct 2011 06:18 AM PDT Forexpros – The U.S. dollar edged higher against its major counterparts on Monday, amid uncertainty over whether Wednesday's European Union summit would result in a breakthrough on tackling the worsening debt crisis in the euro zone. During European afternoon trade, the greenback was up against the euro, with EUR/USD shedding 0.36% to hit 1.3845. Earlier in the day, preliminary data showed that manufacturing activity in the euro zone slumped to a 27-month low in October. Service sector … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Global Markets Rally As EU Leaders Continue To Outline The EFSF Posted: 24 Oct 2011 01:15 AM PDT 10/24/11 NYFP’s Morning Market Report: Global markets were strong this morning as EU leaders continue to lay out plans to solve the eurozone debt crisis. Meanwhile, takeover speculation for Yahoo! heats up as Google has some … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| European Stocks Mixed On E.Z. Doubts; DAX Up 0.21% Posted: 24 Oct 2011 06:12 AM PDT Forexpros – European stock markets turned mixed on Monday, as weaker-than-expected euro zone PMI data overshadowed hopes for an imminent solution to the region’s debt crisis. During European afternoon trade, the EURO STOXX 50 eased down 0.02%, France's CAC 40 advanced 0.24%, while Germany's DAX 30 gained 0.21%. Preliminary data showed earlier that manufacturing activity in the euro zone slumped to a 27-month low in October. Service sector output in the single-currency bloc also declined … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Remembering The Stock Market Crash Of 1987 Posted: 24 Oct 2011 01:00 AM PDT 10/24/11 NYFP’s “This Week in Wall Street History”: This week, we take a look back at the events of October 19th, 1987, when the stock market spiraled out of control and dropped 508 points … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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