Friday, November 18, 2011

DailyMarkets.com - Cardica Kicks Off Enrollment

DailyMarkets.com - Cardica Kicks Off Enrollment

Cardica Kicks Off Enrollment

Posted: 18 Nov 2011 08:20 AM PST

Surgical devices maker Cardica (NASDAQ:CRDC) has commenced enrolling patients in a European clinical trial designed to evaluate its Microcutter product line. The company is developing the Microcutter line of novel endoscopic stapling devices for use in a variety of surgeries that require cutting and stapling.
Cardica noted that the first batch of patients have been enrolled and discharged from the first two investigational sites. The company plans to enroll up to 200 patients across up to 10 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Dollar Tree Posts Strong 3Q

Posted: 18 Nov 2011 08:05 AM PST

Dollar Tree Inc. (NASDAQ:DLTR) posted strong fiscal 2011 third-quarter earnings of 87 cents a share, up 19.2% from the year-ago earnings of 73 cents a share, surpassing its earnings guidance range of 77 cents to 83 cents. Moreover, quarterly earnings also beat the Zacks Consensus Estimate of 83 cents a share. Higher sales of Halloween goods and early snowstorm at some parts of the country benefited Dollar Tree to post robust quarterly results.
Quarterly Details
Dollar Tree’s total revenue grew … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

IGT’s SbX Hits Pennsylvania Casinos

Posted: 18 Nov 2011 07:50 AM PST

International Game Technology (IGT) recently announced that the Pennsylvania Gaming Control Board has agreed to allow casino operators in the state to install sbX casino management system on their floors.
sbX is the first server-based gaming solution approved by the Gaming Standards Association (GSA) that allows its operators to run games of their own choice at any time, facilitating better casino floor management at lower operational costs. sbX also provides complete freedom to the players in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Zimmer Acquires ExtraOrtho

Posted: 18 Nov 2011 07:35 AM PST

Zimmer Holdings (NYSE:ZMH), a global orthopedic and surgical products company, has acquired Memphis-based medical device company ExtraOrtho. ExtraOrtho with its external fixation line, XtraFix External Fixation System, is expected to broaden Zimmer’s existing portfolio of trauma-care solutions and also bolster the company’s position in the external fixation market, which is estimated to be $820 million. However, financial terms of the deal have not been disclosed.
On the heels of a series of newly … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Higher Sales Drive Benihana

Posted: 18 Nov 2011 07:20 AM PST

Benihana Inc. (NASDAQ:BNHN), the leading operator of Japanese restaurants in the U.S, reported earnings of 5 cents per share in the second quarter of 2012, which improved considerably from both the Zacks Consensus Estimate of break-even earnings and the year-ago quarter loss of 21 cents. The better-than-expected results were driven by higher sales.
Total revenue jumped 5.6% year over year to $76.2 million during the quarter, benefiting from restaurant sales growth and marked the seventh consecutive … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

SCIE Provides Business Update

Posted: 18 Nov 2011 07:10 AM PST

Q3 2011 Results
Brian Marckx, CFA

SpectraScience, Inc. (SCIE.PK) filed their 10-Q for the third quarter ending September 30, 2011 on November 14th.  As expected, the company did not generate any revenue.  Operating expenses were $1.19 million, slightly above our $973k estimate  – the difference mostly confined to G&A expense but overall the variance is relatively insignificant.  EPS came in at ($0.01), in-line with our estimate.  

SpectraScience exited the quarter … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Perry Ellis Disappoints, Cuts Outlook

Posted: 18 Nov 2011 07:05 AM PST

Perry Ellis International Inc. (NASDAQ:PERY) posted adjusted earnings per share of 40 cents in the third quarter of fiscal 2012, missing the Zacks Consensus Estimate of 61 cents and deteriorating from the year-ago earnings of 51 cents. The impact of unshipped revenue, promotional activity and increased investment led to the decline in the bottom line.
Perry Ellis’ total revenue increased 23% year over year in the quarter to $248.4 million. Sales growth was aided by improved performances at Golf, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Par Pharma Takes Over Anchen Pharma

Posted: 18 Nov 2011 06:50 AM PST

Par Pharmaceutical Companies Inc. (NYSE:PRX) recently announced the completion of the acquisition of privately-held Anchen Pharmaceuticals. In August this year, Par Pharma had entered into a definitive agreement to acquire the latter for $410 million in cash. The transaction is expected to be immediately accretive to 2011 earnings.
Anchen Pharma's portfolio consists of five marketed products, 27 abbreviated new drug applications (ANDAs) filed with the US Food and Drug Application (FDA), five of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – NZD/USD Up During The European Session

Posted: 18 Nov 2011 06:50 AM PST

Forexpros – The New Zealand Dollar was higher against the U.S. Dollar on Friday.

NZD/USD was trading at 0.7592, up 0.02% at time of writing.

The pair was likely to find support at 0.7558, today's low, and resistance at 0.7906, Monday's high.

Meanwhile, the New Zealand Dollar was down against the Australian Dollar and the Euro, with AUD/NZD gaining 0.28% to hit 1.3214 and EUR/NZD rising 0.50% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Thanksgiving Meal For Ten Only $34.03 At Walmart

Posted: 18 Nov 2011 06:49 AM PST

BENTONVILLE, Ark. – Nov. 18, 2011 – “The American Farm Bureau Federation (AFBF) recently reported that Americans will pay more to feed 10 people for Thanksgiving dinner this year than since the mid-1980s. The average turkey feast for 10 this year will cost $49.20 – that's $5.73 more than it cost just last year (see related CD post here). Shoppers at Walmart will pay 1/3 (31%) less for the same Thanksgiving groceries ($34.03) and will have an extra $15 in their wallet with this … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Euro Rises As Bond Purchases Continue; Is Spain Set To Tap The EFSF?

Posted: 18 Nov 2011 06:40 AM PST

Fundamental Headlines
• Euro Rescue Plan Falling Short Renews Franco-German Spat over Role of ECB – Bloomberg
• Supercommittee Stall Seen as Weapon on Taxes – Bloomberg
• European Bank Chief Urges Action on Rescue Fund – Reuters
• U.S.-China Tension Spills over into Asia Summit – Reuters
• Crisis Ensnares Central Bank in Desperate Bid to Save Euro – WSJ
European Session Summary
The beginning part of the week featured a major sell-off and capital flight to the safe haven … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Marvell Profit Falls On Weak Rev

Posted: 18 Nov 2011 06:35 AM PST

Marvell Technology Group (NASDAQ:MRVL) has reported third quarter fiscal 2012 adjusted earnings per share (EPS) of 35 cents, in line with the Zacks Consensus Estimate. However, the EPS was 14.6% below the year-ago level, mostly due to lower revenue and higher expenses and tax rate.
Revenue
Marvell reported revenues of $950.4 million in the third quarter, down 0.9% year over year. The reported revenue was on the lower end of the company's guided range of $940.0–$980.0 million. The unexpected drop … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Will Cattle Prices Mooove To New Highs In 2012?

Posted: 18 Nov 2011 06:34 AM PST

Friday, November 18, 2011
The recent sell-off in deferred Cattle futures may set-up a potential buying opportunity for longer-term traders. Some traders who are considering establishing a long position in 2012 Live Cattle futures may possibly wish to explore buying February Live Cattle futures on price corrections, with the anticipation of a move above the contract high of 127.000. A close below the recent low of 120.300 would be a signal that the up-move may be in jeopardy, as that would … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Two Charts On Natural Gas Vs. Oil Prices, Gas Is Now 75% Cheaper On An Energy-Equivalent Basis Vs. Oil

Posted: 18 Nov 2011 06:31 AM PST

1. From Scott Grannis (top chart):

“Natural gas is down fully 75% from its 2008 high, while crude oil is down by only 33%. As the top chart above shows, natural gas hasn’t been this cheap relative to crude for decades, thanks to significant new drilling techniques which have resulted in a natural gas production bonanza in the U.S. It is hard to underestimate the degree to which cheap and abundant natural gas is going to transform U.S. manufacturing and energy generation in the years to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/CHF Down In European Trade

Posted: 18 Nov 2011 06:25 AM PST

Forexpros – The Euro was lower against the Swiss Franc on Friday.

EUR/CHF was trading at 1.2388, down 0.17% at time of writing.

The pair was likely to find support at 1.2328, Monday's low, and resistance at 1.2441, Thursday's high.

Meanwhile, the Euro was up against the U.S. Dollar and the Japanese Yen, with EUR/USD gaining 0.83% to hit 1.3570 and EUR/JPY rising 0.49% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Wet Seal Beats Estimates

Posted: 18 Nov 2011 06:20 AM PST

Wet Seal Inc. (NASDAQ:WTSLA) registered decent third quarter 2011 earnings of 5 cents per share that climbed 25.0% from the year-ago period. Earnings also exceeded the Zacks Consensus Estimate of 4 cents by a penny.
The upswing came on the back of increased shopping during the back-to-school shopping period through August and into early September.
Based on the third quarter results and the prior-year quarter's performance, Wet Seal estimates its fourth quarter 2011 earnings per share to be in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

ECB: Let’s Move Forward; Super Committee: Um…

Posted: 18 Nov 2011 06:10 AM PST

“We should not be waiting any longer,” said new European Central Bank President Mario Draghi in a speech to Eurozone officials and bankers earlier today, regarding the implementation of agreed-upon measures to solve the Eurozone debt crisis. Draghi also articulated that downside economic risks continue to increase.

Bleak as this may sound, it still must be counted as an overall positive to hear a speech such as this coming from the head of the ECB. Denying you have a disease is no way to get … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Shoe Carnival Performs As Expected

Posted: 18 Nov 2011 06:05 AM PST

Shoe Carnival Inc. (NASDAQ:SCVL) recently posted third quarter 2011 earnings of 78 cents per share, in line with the Zacks Consensus Estimate but above the year-earlier earnings of 70 cents per share.
Net sales rose 5.4% year over year to $215.5 million during the quarter aided by an early back-to-school season, offset somewhat by decelerating comparable store sales (comps). Comps increased 2.8% in the quarter versus 7.2% increase in the year-ago quarter. Lower-than-expected store traffic trends in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stock Market News Briefs: Alcoa, Acco Brands, American Tower, Cadence Pharmaceuticals, Embraer-Empresa Brasileira De Aeronautica, Footlocker Inc, Micron Technology, Meadwestvaco, Children’s Place Retail Stores, Rambus, Sears Holdings, Zoll Medical Corporation

Posted: 18 Nov 2011 06:05 AM PST

    Sears Holdings Corporation (NASDAQ:SHLD) posted Q3 adjusted loss of $2.57 per share, wider than the Zacks Consensus Estimate of a loss of $2.14 per share. Revenues for the quarter dropped 1.2% to $9.57 billion

    Embraer S.A. (NYSE:ERJ) and Alcoa Inc. (NYSE:AA) entered into a new technology sharing agreement, which will enable Embraer to improve the fuselage and the wings for its family of aircraft

    According to a Wall Street Journal report, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CAD Down In European Trading Hours

Posted: 18 Nov 2011 06:00 AM PST

Forexpros – The U.S. Dollar was lower against the Canadian Dollar on Friday after the release of Canadian data on CPI.

USD/CAD was trading at 1.0225, down 0.64% at time of writing.

The pair was likely to find support at 1.0092, Monday's low, and resistance at 1.0303, today's high.

Earlier in the day, official data showed that Consumer price inflation in Canada rose more-than-expected to a seasonally adjusted 0.2% 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

Negative Comps Hits Gap’s Profit

Posted: 18 Nov 2011 05:50 AM PST

Battered by negative comparable store sales growth, increased input costs and deep discounting, Gap Inc.'s (NYSE:GPS) third-quarter 2011 earnings of 38 cents per share declined 20.8% from the prior-period earnings of 48 cents per share. However, quarterly earnings managed to beat the Zacks Consensus Estimate by a penny. The impacts of negative forces on earnings per share were partially offset by the company's massive share repurchases.
Quarter in Details
During the quarter, net sales edged … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

TDG Beats 4Q, Lags Full Year Est.

Posted: 18 Nov 2011 05:35 AM PST

TransDigm Group Incorporated (NYSE:TDG) reported fourth-quarter fiscal 2011 earnings per share from continuing operations of $1.20, outpacing the Zacks Consensus Estimate by 4 cent and prior-year earnings of 96 cents.
TransDigm's income in the quarter was negatively affected by acquisition-related expenses of $8.6 million and higher interest expense related to the refinancing of the company’s debt structure in the first quarter of fiscal 2011.
For fiscal 2011, earnings per share from continuing … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD Test 50% Of The Weeks Range And Finds Profit Takers

Posted: 18 Nov 2011 05:35 AM PST

The EURUSD surged higher today on the back of news that Germany may succumb to the idea of ECB funneling money to IMF who would funnel money to the needy nations of the EU.  The price has stalled at the 50%  of the weeks trading range. The 200 hour MA is near the level as well. Now the market will be looking for the 1.3573 area to hold support . This is the 38.2% of the last leg higher in the pair. If the level holds the bulls will remain in full control. If not the market is … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Daily Show: “LOL, Occupy Segregated”

Posted: 18 Nov 2011 05:26 AM PST

OWS: The Ghetto vs. The Aristocrats

From Townhall (h/t Warren … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Sluggish 4Q For Central Garden

Posted: 18 Nov 2011 05:20 AM PST

Central Garden & Pet Company (NASDAQ:CENT) recently reported sluggish fourth-quarter 2011 results, battered by higher input costs, altered product mix along with the company's sustained investments in brand building and marketing.
The company's quarterly loss of 21 cents a share widened from a loss of 2 cents per share delivered in the prior-year quarter. The analyst covered by Zacks expected the company to deliver a loss 6 cents per share in the reported quarter.
However, total revenue for … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Salesforce Beats On Top Line

Posted: 18 Nov 2011 05:05 AM PST

Salesforce.com Inc. (NYSE:CRM) reported third quarter fiscal 2012 adjusted net income of 8 cents per share, surpassing the Zacks Consensus Estimate of 3 cents. The adjusted figure excludes amortization of intangibles and debt discount, but includes stock-based compensation. The earnings outperformance came from solid top-line growth, partially offset by higher operating costs.
Revenues
Revenues in the quarter were $584.3 million, up 36.2% from $429.1 million in the year-ago quarter. Results … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/GBP Up During The European Session

Posted: 18 Nov 2011 05:00 AM PST

Forexpros – The Euro was higher against the British Pound on Friday.

EUR/GBP was trading at 0.8574, up 0.38% at time of writing.

The pair was likely to find support at 0.8519, today's low, and resistance at 0.8602, Monday's high.

Meanwhile, the Euro was up against the U.S. Dollar and the Japanese Yen, with EUR/USD gaining 0.92% to hit 1.3582 and EUR/JPY rising 0.44% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Top Management Churn At ANADIGICS (revised)

Posted: 18 Nov 2011 04:50 AM PST

ANADIGICS, Inc. (NASDAQ:ANAD) recently announced that Thomas Shields has resigned from the positions of Chief Operating Officer, Executive Vice President, Chief Financial Officer and Secretary, effective November 14, 2011. Terrence Gallagher, who currently serves as Vice President, Finance and Controller, has been promoted to the positions of Vice President and Chief Financial Officer.  
Meanwhile, Mr. Shields has agreed to provide consulting services to the company for a certain period to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Volcano Unveils ADVISE Study Result (revised)

Posted: 18 Nov 2011 04:30 AM PST

Recently, Volcano Corporation (NASDAQ:VOLC) jointly with Imperial College London declared the results of ADenosine Vasodilator Independent Stenosis Evaluation (ADVISE) study at the Transcatheter Therapeutics Conference in San Francisco. The study evaluated the ability of instant wave-Free Ratio (iFR), an investigational product similar to fractional flow reserve (FFR).
FFR is considered as the widely accepted tool to assess ischemia without the help of pharmacologic vasodilation, thus … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CAD Down

Posted: 18 Nov 2011 04:15 AM PST

Forexpros – The U.S. Dollar was lower against the Canadian Dollar on Friday after the release of Canadian data on CPI.

USD/CAD was trading at 1.0225, down 0.64% at time of writing.

The pair was likely to find support at 1.0092, Monday's low, and resistance at 1.0303, today's high.

Earlier in the day, official data showed that Consumer price inflation in Canada rose more-than-expected to a seasonally adjusted 0.2% 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

Canadian Consumer Price Inflation Rises More-than-expected

Posted: 18 Nov 2011 04:10 AM PST

Forexpros – Consumer price inflation in Canada rose more-than-expected last month, official data showed on Friday.

In a report, Statistics Canada said that Canadian consumer price inflation rose to a seasonally adjusted 0.2%, from 0.2% in the preceding month.

Analysts had expected Canadian consumer price inflation to rise 0.1% last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – AUD/USD Up In European Trading Hours

Posted: 18 Nov 2011 04:00 AM PST

Forexpros – The Australian Dollar was higher against the U.S. Dollar on Friday.

AUD/USD was trading at 1.0077, up 0.77% at time of writing.

The pair was likely to find support at 0.9965, today's low, and resistance at 1.0336, Monday's high.

Meanwhile, the Australian Dollar was down against the Euro and up against the Japanese Yen, with EUR/AUD gaining 0.25% to hit 1.3493 and AUD/JPY rising 0.32% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CHF Down During The European Session

Posted: 18 Nov 2011 03:20 AM PST

Forexpros – The U.S. Dollar was lower against the Swiss Franc on Friday.

USD/CHF was trading at 0.9146, down 0.82% at time of writing.

The pair was likely to find support at 0.8962, Monday's low, and resistance at 0.9236, Thursday's high.

Meanwhile, the U.S. Dollar was down against the Euro and the Japanese Yen, with EUR/USD gaining 0.44% to hit 1.3518 and USD/JPY falling 0.30% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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