DailyMarkets.com - What To Look For This Week
DailyMarkets.com - What To Look For This Week |
- What To Look For This Week
- Dismal 3Q For Meritage Homes
- CRA International Disappoints
- Las Vegas Tops On Higher Revenue
- The “Imaginary Hobgoblin” Of Income Inequality
- Whirlpool Slips, Lowers Outlook
- Forex – USD/CAD Pares Gains After Canadian GDP Data
- Chicago PMI Falls More-than-expected In October
- ViroPharma Going Strong
- Coffee Falls To 3-week Low On Dollar, Vietnam Crop Forecast
- Dismal 3Q For NII Holdings
- Forex – EUR/JPY Trims Gains After Japan Intervention
- Gold Resumes Its Bullish Trend But Headwinds Remain
- Japanese Ministry Of Finance Intervention Sinks Yen, But Losses Short-Lived
- October Was Great. Whither November?
- United Profit Falls As Costs Rise
- Stock Market News Briefs: Advanced Micro Devices, Bed Bath & Beyond, ChevronTexaco, Goodyear Tire & Rubber Company, Hewlett-Packard Company, Merck & Company, Morgan Stanley, Whirlpool Corporation
- Forex – Dollar Holds Gains Vs. Rivals After Japan Move
- Quality Systems Beats Estimates
- Profit Declines At SK Telecom
- European Stocks Drop On Japan Move; DAX Down 1.96%
- Canadian RMPI Rises Unexpectedly In September
- Forex – GBP/USD Remains Lower After Japan Intervention
- Canada GDP Rises More-than-expected In August
- Forex Trading: USDJPY Breaks Above The 78.00 Level And Scoots Higher
- Crude Oil, Gold Vulnerable With US Dollar Poised To Extend Recovery
- Manitowoc Beats Estimates
- Lender Processing A Nickel Ahead
- U.S. Futures Lower In Risk-off Trade; Dow Jones Down 0.78%
- Brightpoint Beats, Outlook Bright
- Forex – Dollar Holds Gains Against Euro After Japan Action
- Soybeans Drop On Stronger Dollar, South America Crop Prospects
- The Origin Of “Wall Street”
- Copper Futures Tumble As Japan Intervention Boosts Dollar
- The History Of The NYSE “Garage”
- Forex – Dollar Trims Gains Against Yen As Japan Reaction Eyed
- Euro Zone Unemployment Rate Rises Unexpectedly
- Euro Zone Flash CPI Holds Steady In October
| Posted: 31 Oct 2011 07:55 AM PDT The theme of the week is going to be jobs. The biggest report is going to be the employment report on Friday. But before that we will get some more data like the Challenger Gray and Christmas count of big layoffs, and the ADP (NYSE:ADP) survey. Those will offer some clues to the big report. Warning, though: the ADP survey is often very different than the official BLS report. However, once all the revisions are in, the two surveys tend to track each other pretty well. The consensus is looking for … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 31 Oct 2011 07:55 AM PDT Meritage Homes Corporation (NYSE:MTH) reported a net loss of $3.24 million or 10 cents per share for the third quarter of 2011 compared with a net income of $1.22 million or 4 cents per share in the prior-year quarter. Reported loss per share was significantly lower than the Zacks Consensus Estimate of an income of 7 cents per share.
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| Posted: 31 Oct 2011 07:35 AM PDT Boston, Massachusetts-based CRA International Inc. (NASDAQ:CRAI) reported pro forma earnings of 31 cents per share in the third quarter of 2011, missing both the Zacks Consensus Estimate of 41 cents per share and the year-ago quarter earnings of 48 cents per share.
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| Las Vegas Tops On Higher Revenue Posted: 31 Oct 2011 07:20 AM PDT Las Vegas Sands Corp. (NYSE:LVS) posted adjusted earnings of 55 cents per share in the third quarter of 2011, beating the Zacks Consensus Estimate of 53 cents as well as the year-ago quarter earnings of 34 cents.
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| The “Imaginary Hobgoblin” Of Income Inequality Posted: 31 Oct 2011 07:07 AM PDT The charts above were prepared using Census Bureau data (Table E-2) on the Gini coefficients (a statistical measure of dispersion that quantifies income income inequality on a range from 0% for complete equality to 100% for complete inequality where one person receives all of the income) for full-time, year-round workers. Like other measures of income inequality for families and households over time presented recently here, income inequality for full-time , year-round workers follows … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Whirlpool Slips, Lowers Outlook Posted: 31 Oct 2011 07:05 AM PDT Whirlpool Corporation (NYSE:WHR) reported net earnings of $177 million or $2.27 per share in the third quarter of 2011, compared with $79 million or $1.02 per share in the prior-year quarter.
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| Forex – USD/CAD Pares Gains After Canadian GDP Data Posted: 31 Oct 2011 06:56 AM PDT Forexpros – The U.S. dollar pared gains against its Canadian counterpart on Monday, following the release of data showing that Canada's economy grew more-than-expected in August. USD/CAD pulled back from 1.0028, the pair's highest since Thursday, to hit 0.9977 during early U.S. trade, still up 0.60% over the day. The pair was likely to find support at 0.9890, Thursday's low and a five-week low and resistance at 1.0049. Statistics Canada said gross domestic product grew at an … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Chicago PMI Falls More-than-expected In October Posted: 31 Oct 2011 06:51 AM PDT Forexpros – Manufacturing activity in the Chicago area fell more-than-expected in October, industry data showed on Monday. In a report, market research group Kingsbury International said its Chicago purchasing managers' index fell by 2.0 points to a seasonally adjusted 58.4 in October from 60.4 in September. Analysts had expected the index to decline by 1.4 points to 59.0 in October. On the index, a reading above 50.0 indicates expansion, below indicates contraction. The Business … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 31 Oct 2011 06:50 AM PDT ViroPharma Inc. (NASDAQ:VPHM) posted third quarter 2011 earnings (including special items) of 35 cents per share, surpassing the Zacks Consensus Estimate of 33 cents, but lower than the year-ago figure of 45 cents.
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| Coffee Falls To 3-week Low On Dollar, Vietnam Crop Forecast Posted: 31 Oct 2011 06:38 AM PDT Forexpros – Coffee futures tumbled to a three-week low on Monday, as a broadly stronger U.S. dollar coupled with receding concerns over Vietnam's coffee harvest weighed on prices. On the ICE Futures Exchange, Arabica coffee for December delivery traded at USD2.2890 a pound during early U.S. morning trade, tumbling 2.25%. It earlier fell by as much as 2.63% to trade at USD2.2765 a pound, the lowest price since October 12. Coffee's losses came as the dollar index, which tracks the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 31 Oct 2011 06:35 AM PDT Latin American wireless operator NII Holdings Inc. (NASDAQ:NIHD) declared poor financial results for the third quarter of 2011. In synergy with the somber results, management slashed its fiscal 2011 financial outlook mainly due to volatile macroeconomic condition coupled with significant depreciation of its local currency in comparison to U.S. dollars. Moreover, stiff competitive scenario in Brazil is another impediment for such reduced outlook.
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| Forex – EUR/JPY Trims Gains After Japan Intervention Posted: 31 Oct 2011 06:35 AM PDT Forexpros – The euro trimmed gains against the yen on Monday, pulling back from a two-month high after Japan intervened in the foreign exchange market to curb the consistently strong yen. EUR/JPY pulled back from 111.55, the pair’s highest since August 30 to hit 109.29 during European afternoon trade, still up 1.86%. The pair was likely to find support at 105.66, the low of October 27 and resistance at 111.55, the day’s high. Japanese officials launched an intervention to curb the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Gold Resumes Its Bullish Trend But Headwinds Remain Posted: 31 Oct 2011 06:33 AM PDT Monday, October 31, 2011
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| Japanese Ministry Of Finance Intervention Sinks Yen, But Losses Short-Lived Posted: 31 Oct 2011 06:32 AM PDT Fundamental Headlines
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| October Was Great. Whither November? Posted: 31 Oct 2011 06:19 AM PDT What a difference a month can make. Stocks have made an impressive turnaround, making October one of the best performing months in a very long time. The market has pushed higher as the dark clouds hanging over it have lifted. The economic outlook has turned out to be less worrisome than many feared and corporate earnings continue to surprise to the upside. Most importantly, the European deal brought down global contagion risks, helping improve risk appetites. Many nay-sayers continue to find … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| United Profit Falls As Costs Rise Posted: 31 Oct 2011 06:19 AM PDT The largest U.S. airline United Continental Holdings Inc. (UAL) has reported third quarter adjusted earnings of $2.00 per share, missing the Zacks Consensus Estimate of $2.06. Rising fuel prices and merger related expenses were responsible for the lower-than-expected earnings.
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| Posted: 31 Oct 2011 06:11 AM PDT Advanced Micro Devices, Inc. (NYSE:AMD) posted third quarter earnings of $0.13 per share, ahead of the Zacks Consensus Estimate of $0.10 per share Goodyear Tire & Rubber Co. (NYSE:GT) reported a profit of $161 million or $0.60 per share in the third quarter of 2011. Excluding special items, profits were $195 million or $0.72 per share, higher than the Zacks Consensus Estimate of $0.25 per share Merck & Co. Inc. (NYSE:MRK) posted third … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – Dollar Holds Gains Vs. Rivals After Japan Move Posted: 31 Oct 2011 06:06 AM PDT Forexpros – The U.S. dollar remained broadly higher against its major counterparts on Monday, as the Bank of Japan’s move to curb the persistently strong yen continued to support demand for the greenback. During European afternoon trade, the greenback was sharply higher against the yen, trading close to two-month high with USD/JPY jumping 2.93% to hit 78.05. Japanese officials launched an intervention to curb the appreciation of the yen after the dollar fell to a record low of JPY75.56 in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Quality Systems Beats Estimates Posted: 31 Oct 2011 06:05 AM PDT Quality Systems (NASDAQ:QSII) recently reported second-quarter fiscal 2012 (ended September 30) earnings per share of 35 cents, sailing past the Zacks Consensus Estimate of 33 cents (adjusted for the 2:1 stock split). Net income rose sharply 52.6% year over year to $20.5 million in the reported quarter, bolstered by higher revenues.
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| Posted: 31 Oct 2011 05:50 AM PDT SK Telecom Corp Ltd (NYSE:SKM), a leading South Korean telecom operator, has reported third quarter net income of KRW $384 billion ($346 million), down 18.5% year over year. The downfall was due to increased investments in advanced wireless networks and software services.
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| European Stocks Drop On Japan Move; DAX Down 1.96% Posted: 31 Oct 2011 05:46 AM PDT Forexpros – European stock markets extended losses on Monday, following an intervention by the Bank of Japan in the foreign exchange market to curb the persistently strong yen. During European afternoon trade, the EURO STOXX 50 dropped 1.72%, France's CAC 40 tumbled 1.78%, while Germany's DAX 30 declined 1.96%. Japan's Vice Finance Minister Fumihiko Igarashi said that the intervention was not targeting specific currency levels and added that it was too early to assess the impact of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Canadian RMPI Rises Unexpectedly In September Posted: 31 Oct 2011 05:45 AM PDT Forexpros – Canada’s raw materials price index rose unexpectedly in September, increasing for the first time in five months, official data showed on Monday. In a report, Statistics Canada said the raw materials purchase price index rose by a seasonally adjusted 1.4% in September, confounding expectations for a 2.4% drop. The raw material price index fell by an unrevised 3.2% in August. The RMPI rose at an annualized rate of 15.2% in September, after rising at a rate of 13.3% in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – GBP/USD Remains Lower After Japan Intervention Posted: 31 Oct 2011 05:40 AM PDT Forexpros – The pound trimmed losses against the U.S. dollar on Monday, but remained under pressure after Japan intervened in the foreign exchange market to curb the appreciation of the yen, boosting demand for the greenback. GBP/USD pulled away from 1.5965, the pair's lowest since Thursday, to hit 1.6027 during European early afternoon trade, still down 0.61%. 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 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Canada GDP Rises More-than-expected In August Posted: 31 Oct 2011 05:36 AM PDT Forexpros – Canada’s economy expanded more-than-expected in August, official data showed on Monday. In a report, Statistics Canada said gross domestic product rose by a seasonally adjusted 0.3% in August, beating expectations for a 0.2% increase. July's figure was revised up to a 0.4% gain from a previously reported 0.3% rise. Canada's economy grew at an annualized rate of 2.4% in August, outstripping expectations for a 2.2% increase. The previous month's figure was revised up to a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex Trading: USDJPY Breaks Above The 78.00 Level And Scoots Higher Posted: 31 Oct 2011 05:32 AM PDT The 78.00 is the 38.2% of the days range. A break above led to the price scooting higher. The 77.83 is the 100 day MA. The market traders will be watching these levels on the downside today. Stay above and the bullishness can continue.
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| Crude Oil, Gold Vulnerable With US Dollar Poised To Extend Recovery Posted: 31 Oct 2011 05:31 AM PDT Talking Points Crude Oil Likely to Decline as S&P 500 Index Futures Point to Risk Aversion WTI Crude Oil (NY Close): $93.32 // -0.64 // -0.68%
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| Posted: 31 Oct 2011 05:30 AM PDT Manitowoc Co. Inc. (NYSE:MTW) has reported an adjusted EPS of 18 cents in the fiscal 2011 third quarter results, compared with 1 cent in the year-earlier quarter. EPS in the quarter beat the Zacks Consensus Estimate by a penny.
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| Lender Processing A Nickel Ahead Posted: 31 Oct 2011 05:21 AM PDT Lender Processing Services Inc. (NYSE:LPS) reported third-quarter 2011 adjusted earnings per share of 59 cents, which surpassed the Zacks Consensus Estimate of 54 cents as well as its own guidance range of 53 cents to 55 cents. However, the earnings per share fell sharply from the year-ago level of 89 cents.
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| U.S. Futures Lower In Risk-off Trade; Dow Jones Down 0.78% Posted: 31 Oct 2011 05:14 AM PDT Forexpros – U.S. stock futures pointed to a lower open on Monday, as investors remained cautious ahead of the week’s G-20 meetings and latest monetary policy decision from the Federal Reserve. Ahead of the open, the Dow Jones Industrial Average futures pointed to a fall of 0.78%, S&P 500 futures signaled a 0.98% drop, while the Nasdaq 100 futures indicated a 0.81% decline. Market sentiment weakened as investors worried that, after reaching an agreement last week, European leaders’ plans … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Brightpoint Beats, Outlook Bright Posted: 31 Oct 2011 05:05 AM PDT Brightpoint Inc. (NASDAQ:CELL) declared robust financial results for the third quarter of 2011. Quarterly total revenue was $1,338.2 million, an improvement of 51% year over year, significantly surpassing the Zacks Consensus Estimate of $1,234 million. In the third quarter of 2011, the company managed 27.272 million wireless devises, up 9% year over year. This fabulous performance was primarily attributable to a massive growth in Distribution business, backed by increasing demand for smartphones and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – Dollar Holds Gains Against Euro After Japan Action Posted: 31 Oct 2011 04:58 AM PDT Forexpros – The dollar held gains against the euro on Monday, after Japan's intervention to weaken the yen, while ongoing concerns over the debt crisis in the euro zone also weighed on sentiment. EUR/USD hit 1.3975 during European late morning trade, the pair's lowest since Thursday; the pair subsequently consolidated at 1.4002, tumbling 1.03%. The pair was likely to find support at 1.3863, last Thursday's low and resistance at 1.4200, Friday's high. Japanese officials launched an … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Soybeans Drop On Stronger Dollar, South America Crop Prospects Posted: 31 Oct 2011 04:29 AM PDT Forexpros – Soybean futures were down for a second day on Monday, dropping to a seven-day low after the U.S. dollar rallied following Japan's intervention in the foreign-exchange market, while easing concerns over crop conditions in South America also weighed. On the Chicago Mercantile Exchange, soybean futures for January delivery traded at USD12.1525 a bushel during European morning trade, slumping 0.81%. It earlier fell by as much as 1.1% to trade at USD12.1188 a bushel, the lowest … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 31 Oct 2011 04:00 AM PDT 10/31/11 NYFP’s “This Week in Wall Street History”: Todd Schoenberger of BlackBay Group explains the origin of “Wall … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Copper Futures Tumble As Japan Intervention Boosts Dollar Posted: 31 Oct 2011 03:52 AM PDT Forexpros – Copper futures tumbled on Monday, as the U.S. dollar rallied against its major counterparts after Japan intervened in the foreign-exchange market to weaken the yen, while lingering concerns over the debt crisis in the euro zone also weighed. On the Comex division of the New York Mercantile Exchange, copper futures for December delivery traded at USD3.599 a pound during European morning trade, tumbling 2.89%. It earlier fell by as much as 3.5% to trade at USD3.567 a pound, the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| The History Of The NYSE “Garage” Posted: 30 Oct 2011 10:45 PM PDT 10/31/11 NYFP’s Wall Street Lingo: Kenneth Polcari, Managing Director for ICAP, shares a brief history behind the NYSE building itself while also explaining why one room is called, “the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – Dollar Trims Gains Against Yen As Japan Reaction Eyed Posted: 31 Oct 2011 03:23 AM PDT Forexpros – The U.S. dollar trimmed gains against the yen on Monday, pulling back from the three-month high hit after Japan stepped into the foreign exchange market to curb the yen's strong gains. USD/JPY pulled away from 79.53, the pair's highest since August 4, to hit 77.86 during European morning trade, still up 2.68% on the day. The pair was likely to find support at 77.08, the high of October 20 and resistance at 79.52, the day's high and a three-month high. Japan's Vice … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Euro Zone Unemployment Rate Rises Unexpectedly Posted: 31 Oct 2011 03:11 AM PDT Forexpros – The euro zone's unemployment rate rose unexpectedly in September, official data showed on Monday. In a report, Eurostat said that the euro zone's unemployment rate rose to a seasonally adjusted 10.2% in September, disappointing expectations for a decline to 10.0%. The previous month's figure was revised to 10.1% from a previously reported 10.0%. According to the data, the number of unemployed people in the euro zone was 23.26 million in September, of whom 16.19 million … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Euro Zone Flash CPI Holds Steady In October Posted: 31 Oct 2011 03:04 AM PDT Forexpros – Consumer price inflation in the euro zone held steady in October, preliminary data showed on Monday. In a report, Eurostat said consumer price inflation rose by a seasonally adjusted 3.0% in October, unchanged from the previous month. Analysts had expected euro zone CPI to dip slightly to 2.9%. The rate remains above the European Central Bank’s target of near but just below 2%. Following the release of the data, the euro held on to sharp losses against the U.S. dollar, with … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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