Wednesday, October 19, 2011

DailyMarkets.com - Turbines For Duke’s Wind Projects

DailyMarkets.com - Turbines For Duke’s Wind Projects

Turbines For Duke’s Wind Projects

Posted: 19 Oct 2011 12:05 PM PDT

Duke Energy Corporation (NYSE:DUK) has entered into an agreement with Siemens and Mitsubishi Heavy Industries ("MHI") under which both will provide wind turbines for the two phases of Duke's Los Vientos Windpower Project in Willacy County, Texas.
Per the agreement, Siemens will supply 87 2.3-megawatt (MW) turbines for the 200-MW Los Vientos I Windpower Project and Mitsubishi Heavy Industries will provide 84 2.4-MW turbines for the 202-MW Los Vientos II Windpower Project. The first delivery … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Yahoo Results Better Than Expected

Posted: 19 Oct 2011 11:50 AM PDT

Yahoo! Inc. (NASDAQ:YHOO) reported third quarter non-GAAP earnings that beat the Zacks Consensus Estimate by a penny. The 17.8% sequential and 38.0% year-over-year increases were encouraging and much better than most investors were expecting. Yahoo shares opened 3.6% higher today and continue to trend up, as investors heaved a sigh of relief.

Revenue

Yahoo reported GAAP revenue of $1.22 billion, which was down 1.0% sequentially and 24.0% year over year. TAC costs declined 5.2% sequentially and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Lockheed To Maintain PTDS For Army

Posted: 19 Oct 2011 11:50 AM PDT

Defense contractor Lockheed Martin Corporation (NYSE:LMT) announced that it received a contract from the U.S. Army worth $383 million to maintain, operate and sustain the Persistent Threat Detection Systems ("PTDS").
PDTS is a helium filled aerostat, which is a highly effective, cost efficient, surveillance and communication system for the Army. The system supports force-protection and counter-IED (improvised explosive devices) missions. Armed with multiple sensors, this aerostat-based system … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

CPI Up 0.3% In September

Posted: 19 Oct 2011 11:35 AM PDT

Inflation mellowed out a little bit at the Consumer level in September. The Consumer Price Index (CPI) rose by 0.3% in September, down from a 0.4% increase in August, and from a July increase of 0.5%. In June the CPI actually fell by 0.2%. The increase matched consensus expectations. Year over year, it is up 3.9%.

Looking a little bit deeper, the increase in headline inflation is mostly with energy, and to a lesser extent, food prices. Energy prices rose 2.0%, on top of a 1.2% rise in August. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD Makes It To The 50% Target But It Took A Lot Of Motion…

Posted: 19 Oct 2011 11:32 AM PDT

The EURUSD has made it down to the 50% of the move up from the low yesterday atthe 1.37609 level.  The price is still above the close from yesterday at … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hologic Trident System Gets FDA Nod

Posted: 19 Oct 2011 11:30 AM PDT

Hologic (NASDAQ:HOLX) recently received clearance from the US Food and Drug Administration (FDA) for its Trident specimen radiography system. The system is capable of producing high quality images for rapid verification of tissue specimens such as breast biopsy samples.
Headquartered in Bedford, Massachusetts, Hologic develops, manufactures, and supplies diagnostics, medical imaging systems and surgical products catering to the healthcare needs of women. The company is focused on mammography and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Housing Starts Up, Permits Down

Posted: 19 Oct 2011 11:25 AM PDT

We got some very nice news on the housing front this morning. Housing starts rose in September to a seasonally adjusted annual rate of 658,000 from 572,000 in August — an increase of 15.0%. Also, the August numbers were revised slightly higher from 571,000.

The number was also well above the expected level of 595,000. Relative to a year ago they are up 10.2%. It is also the highest level of starts since October 2008, as the financial crisis was in full swing.

While the direction is both good … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

United Technologies Beats Estimates

Posted: 19 Oct 2011 11:20 AM PDT

United Technologies Corp. (NYSE:UTX) reported third-quarter earnings per share from continuing operations of $1.47, which was above the Zacks Consensus Estimate of $1.44 and is up 13% year-over-year. The year-over-year increase in the company's earnings was primarily attributable to favorable foreign currency translation.
Total revenue for the quarter increased 8.7% year over year to $14.8 billion, including an organic growth of 6% and 4% favorable impact from foreign currency translation. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Intuitive Beats Soundly

Posted: 19 Oct 2011 11:15 AM PDT

Intuitive Surgical (NASDAQ:ISRG) reported third-quarter fiscal 2011 earnings per share of $3.05, outstripping the Zacks Consensus Estimate of $2.76, while surpassing the corresponding year-ago earnings of $2.14. Net income climbed 41.3% year over year to $122.4 million. The stock jumped 7.4% in after-hours trading on October 18 to $411.1, reflecting the forecast-topping results.
Revenues
The company reported revenues of $446.7 million, up 30% year over year, sailing past the Zacks Consensus Estimate … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Textron Beats Estimates

Posted: 19 Oct 2011 11:05 AM PDT

Diversified U.S. conglomerate,Textron Inc. (NYSE:TXT) announced third quarter 2011 adjusted earnings of 45 cents per share, handsomely beating the Zacks Consensus Estimate of 31 cents. The quarterly result also exceeded year-ago earnings of 13 cents.
The sharp rise in earnings year-over-year was due to higher revenues from the resurgence in demand for corporate jets and the absence of last year’s non-recurring charges. Last year's performance was affected by a 25-cent non-cash charge associated … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

CSX Grows On Cont. Pricing Power

Posted: 19 Oct 2011 11:05 AM PDT

The third-largest U.S. railroad, CSX Corporation (NYSE:CSX), reported third quarter 2011 earnings of 43 cents per share, missing the Zacks Consensus Estimate by a penny. But the earnings figure increased 19.0% year over year from 36 cents, thanks to higher profits on solid pricing and fuel surcharges that offset higher costs.
Revenue climbed 11% year over year to $3.0 billion backed by a modest 1% volume growth, and matched our expectation. Also, pricing remained strong, compensating for the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

St. Jude Squeaks Past Estimates

Posted: 19 Oct 2011 10:55 AM PDT

St. Jude Medical (NYSE:STJ) continues its positive earnings surprise streak as the Minnesota-based medical technology giant has posted adjusted earnings per share of 78 cents in third-quarter 2011, surpassing the Zacks Consensus Estimate by a couple of cents and the year-ago earnings of 72 cents.
The adjusted earnings exclude charges (of $21 million) related to the restructuring of certain activities at the company's Cardiac Rhythm Management ("CRM") division, employee termination and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Ford Workers Ratify UAW Contract

Posted: 19 Oct 2011 10:55 AM PDT

Workers at Ford Motor Co. (NYSE:F) have ratified the proposed 4-year agreement with United Auto Workers (UAW). The deal covers 41,000 Ford workers in the U.S.
Under the ratified deal, most of the Ford workers would not be entitled to annual pay raises. However, they will receive profit-sharing checks, inflation adjustment payments and other bonuses worth totaling at least $16,700 until 2015.
Ford also promised to invest $4.8 billion in U.S. plants creating 5,750 jobs. Thus, the automaker would add … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Cintas Hikes Dividend

Posted: 19 Oct 2011 10:55 AM PDT

Cintas Corporation (NASDAQ:CTAS) upped its quarterly dividend by 5 cents to 54 cents. This marks the 29th consecutive year of the company's dividend hike and translates into a 10.2% increase from the prior dividend of 49 cents. The increased dividend will be paid on December 14, 2010, to stockholders of record as on November 11, 2010.
The dividend hike comes almost after a year. On October 26, 2010, Cintas had upped its dividend by 2% to 49 cents per share. The company has religiously hiked its … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Steady Performance By Check Point

Posted: 19 Oct 2011 10:50 AM PDT

Check Point Software Technologies Ltd.'s (NASDAQ:CHKP) third quarter 2011 earnings of 67 cents per share inched past the Zacks Consensus Estimate of 66 cents. The adjusted earnings per share exclude one-time items, but include stock-based compensation expense. Check Point witnessed strong network security product sales across all geographical regions.
Revenue
Check Point reported revenue of $308.3 million in the third quarter, up 12.8% from $273.2 million in the year-ago period. The improvement … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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

Posted: 19 Oct 2011 10:45 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

Sonoco Beats EPS, Pares View

Posted: 19 Oct 2011 10:40 AM PDT

Sonoco Products Co. (NYSE:SON) recently reported third-quarter results delivering an EPS of 66 cents, a penny more than the year-earlier quarter. The reported EPS beat the Zacks Consensus Estimate of 64 cents and came in at the mid point of the company's guidance range of 64 cents to 68 cents.
Volume contraction, higher raw material prices and energy and freight costs were offset by productivity improvements and lower selling and administrative costs.
The quarter excluded a net gain of 10 cents … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Amphenol Beats Expectation

Posted: 19 Oct 2011 10:35 AM PDT

Amphenol Corporation (NYSE:APH) posted a net income of $0.79 per share in the third quarter of 2011, compared to $0.85 in the second quarter of 2011 and $0.78 in the year-ago quarter.
Excluding one-time items, net income came in at $0.81 per share, beating the Zacks Consensus Estimate of $0.78. Amphenol incurred a $0.05 per share one-time charge related to the flood damage at the company's New York facility and was favorably impacted by a $0.03 per share impact of international tax … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Freeport’s Profit Slips In 3Q

Posted: 19 Oct 2011 10:35 AM PDT

Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX) reported a profit of $1.1 billion or $1.10 per share in the third quarter of 2011 versus $1.2 billion or $1.24 per share in the same quarter of 2010. The profit missed the Zacks Consensus Estimate by 2 cents per share.
Revenues in the quarter were $5.20 billion versus $5.15 billion in the prior-year quarter, surpassing the Zacks Consensus Estimate of $5.01 billion. Consolidated sales from mines totaled 947 million pounds of copper, 409,000 ounces … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Comerica Outpaces EPS, Misses Rev.

Posted: 19 Oct 2011 10:35 AM PDT

Comerica Incorporated (NYSE:CMA) reported third-quarter 2011 operating earnings of 62 cents per share, significantly beating the Zacks Consensus Estimate of 52 cents.
However, the reported quarter earnings included $21 million or 11 cents of merger and restructuring charges related to acquisition of Sterling Bancshares Inc. During the reported quarter, the company completed the acquisition of Sterling that was announced in the previous quarter.
After considering this expense, the net income in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Supervalu Beats, Trims Outlook

Posted: 19 Oct 2011 10:35 AM PDT

Supervalu Inc. (NYSE:SVU), one of the largest grocery chains in the United States, delivered higher-than-expected second quarter 2012 earnings on October 19, 2011. The quarterly earnings of 28 cents a share shot up 104.0% compared to a loss of $6.94 posted in the year-ago period. The quarterly earnings surpassed the Zacks Consensus Estimate of 20 cents.
Consequently, Supervalu updated its full-year 2012 earnings guidance. The company now expects fiscal 2012 adjusted earnings to be in the range of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: Germans Not On Board

Posted: 19 Oct 2011 10:32 AM PDT

Cusick’s Corner
“Big Bailout Coming” was the leaked headline that drove the market off the lows yesterday. While we wait for whatever approach to bailout and recapitalize the banks, volatility and headlines will be driving this market. So here are a few things to think about this week as we have this new-found volatility. First (as I mentioned yesterday), this is Expiration week so rolling your October positions in this volatility is a potential gift. Second, if you are establishing new … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

BlackRock Tops On Bottom Line

Posted: 19 Oct 2011 10:30 AM PDT

BlackRock Inc.'s (NYSE:BLK) third quarter 2011 adjusted earnings came in at $2.83 per share, fairly ahead of the Zacks Consensus Estimate of $2.74. The result also compares favorably with prior-year quarter earnings of $2.75 but came in below the prior-quarter earnings of $3.00.
Adjusted results for the quarter leave out U.K. lease exit costs, PNC LTIP funding obligation, Merrill Lynch compensation contribution and expense related to the deferred compensation plans.
GAAP net income came in at … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Range Q3 Volume Surges 7%

Posted: 19 Oct 2011 10:30 AM PDT

Range Resources Corporation's (NYSE:RRC) third quarter 2011 production volume experienced a 7% improvement from the year-earlier period, mainly on the back of a surge in Pennsylvania’s Marcellus Shale output.
The company's third quarter production averaged 537.2 million cubic feet equivalent per day (MMcfe/d), comprising 76% natural gas, 17% natural gas liquids (NGLs) and 7% oil. Output also surpassed the guidance range of 515−520 MMcfe/d. Oil production boosted 13%, NGL rose 11% and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

“Trading On Light Volume…in Tight Range”

Posted: 19 Oct 2011 10:25 AM PDT

10/19/11 Meridian Equity Partners’ Stephen Guilfoyle discusses the latest batch of earnings reports and economic data, along with the latest developments in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Verizon

Posted: 19 Oct 2011 10:20 AM PDT

The largest U.S. mobile service provider Verizon Communications (NYSE:VZ) is slated to release its third quarter 2011 earnings results on October 21, before the opening bell. The current Zacks Consensus Estimate for the third quarter is 57 cents, representing a 1.71% increase year over year.
With respect to surprises, Verizon had a 1.88% average positive earnings surprise in the last four quarters.
The company did not release any financial forecast for the third quarter at its second quarter … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

European Markets Close Higher; Dax Up 0.60%

Posted: 19 Oct 2011 10:05 AM PDT

Forexpros – European stocks were up after the closing bell on Wednesday.

At the close of European trade, Germany's DAX rose 0.60%, London's FTSE 100 gained 0.74%, France's CAC 40 climbed 0.52% and the EURO STOXX 50 was up 1.01%.

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. core CPI to rise 0.2% last month.

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

Risk Appetite In Forex Markets Still Strong On Positive US Data

Posted: 19 Oct 2011 05:00 AM PDT

10/19/11 An improvement in US housing and consumer prices led the way for another rise in risk appetite, pushing the euro currency trading higher this … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/USD Up In U.S. Trade

Posted: 19 Oct 2011 10:00 AM PDT

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

GBP/USD was trading at 1.5800, up 0.56% at time of writing.

The pair was likely to find support at 1.5632, Tuesday's low, and resistance at 1.5853, Friday'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

The October 19, 1987 Market Crash

Posted: 19 Oct 2011 09:27 AM PDT

Twenty-four years ago today, I walked in the front door from work and my wife took one look at me and asked what the matter was. I made my favorite cocktail, a rusty nail, to steel my nerves to tell her that we’d just lost a good portion of our savings … in a single day.
To commemorate that day, I’m excerpting a chapter in my book, Run with the Herd, in which I describe each of the recent stock market crashes. The chapter sets the stage for describing the importance of and my approach to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Conygar Prepares To Submit Fishguard Waterfront Development Plans

Posted: 19 Oct 2011 03:24 AM PDT

Real estate investor Conygar Investment Company (LON:CIC) will this week submit a planning application to Pembrokeshire County Council for a mixed-use marina development at Goodwick, Fishguard in West Wales. Together with the current port operator Stena Line Ports Ltd, Conygar is proposing a major development of the waterside project, including a marina, residential and retail developments and an extension to the existing Stena Line port facilities. Conygar acquired the right to develop a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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