Friday, November 11, 2011

DailyMarkets.com - Disney Outshines, Eyes Growth

DailyMarkets.com - Disney Outshines, Eyes Growth

Disney Outshines, Eyes Growth

Posted: 11 Nov 2011 07:50 AM PST

Once again, both Media Networks and the Parks and Resorts segments' robust performance facilitated The Walt Disney Company (NYSE:DIS) to deliver strong fourth-quarter 2011 results that outshined the Zacks Consensus Estimate. 
The quarterly earnings of 59 cents a share came ahead of the Zacks Consensus Estimate of 55 cents and jumped 31% from 45 cents earned in the prior-year quarter.
However, on a reported basis, including one-time items, quarterly earnings came in at 58 cents per share … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD Moves Above The Resistance And Continues March Higher

Posted: 11 Nov 2011 07:35 AM PST

The EURUSD has pushed above the 1.3680-83 resistance area. The low on Monday's trade came in at the 1.36805 level. The 100 hour MA comes in at 1.3683. This is now support.  Other support comes in at the midpoint of the weeks range that comes in at 1.36704 (high from earlier today hit 1.3667). 
On the topside, the next target is the 1.37146 level where the 61.8% of the weeks range and the 200 hour MA (at 1.3717)  is … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: USDJPY Joins In The Dollar Selling Today

Posted: 11 Nov 2011 07:35 AM PST

The USDJPY has moved sharply lower and approaches the next support in the pair at the 77.076 level.   This is the 61.8% retracement of the intervention … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: GBPUSD Soaring Higher.

Posted: 11 Nov 2011 07:35 AM PST

The GBPUSD has soared higher after taking out resistance levels at the 1.5987-97 and then the 100 day MA at the 1.6016 level. The pair has moved up toward what was a ceiling/floor level over the last week or so.  That area comes in at the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Clean Diesel : RECENT NEWS

Posted: 11 Nov 2011 07:30 AM PST

Clean Diesel : RECENT NEWS
Ian Gilson, CFA

Given the positive results of the third quarter we have increased our estimates for the fourth quarter 2011 and for 2012.

Third quarter results:

On November 10, 2011 Clean Diesel (CDTI) reported its third quarter 2011 results. Revenue was slightly ahead of our estimates but excellent control of operating expenses resulted in a smaller loss than we had forecast.

(dollars in millions)   
3Q10
2Q11
3Q11

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

Caribou Tops, Outlook Reaffirmed

Posted: 11 Nov 2011 07:30 AM PST

Caribou Coffee Company, Inc. (NASDAQ:CBOU), the second largest premium coffeehouse operator in the United States, posted adjusted earnings of 7 cents per share in the third quarter of 2011, surpassing the Zacks Consensus Estimate by a penny and the year-ago quarter earnings by 2 cents.
The company's net sales during the quarter increased 16.1% to $81.4 million, aided by improved performance across all its business lines.
Performance Highlights
Segment wise, Coffeehouse sales escalated 3.7% year … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

FutureFuel’s Third Quarter Results:

Posted: 11 Nov 2011 07:25 AM PST

FutureFuel's third quarter results:
Ian Gilson, CFA

On November 9, 2011 FutureFuels (FF) reported its third quarter 2011 results followed by a conference call on November 10, 2011. The company reported record revenue and earnings. The balance sheet continues to strengthen.

 
3Q10  
2Q11   
2Q11   

Dollars in millions
 
 
 

Chemicals Revenue:  
$47.2 
$36.1 
$42.2

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

Core-Mark Beats, Maintains Outlook

Posted: 11 Nov 2011 07:25 AM PST

San Francisco, California-based Core-Mark Holding Company, Inc. (NASDAQ:CORE) recently posted third quarter 2011 adjusted earnings of $1.14 per share, significantly ahead of the Zacks Consensus Estimate of 99 cents and the year-ago performance of 91 cents. The better-than-expected results were driven by double-digit growth in the top line and margin expansion.
The company, which distributes packaged consumer products to the retail industry, reported net sales of $2.23 billion, up 11.6% year over … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Regency’s FFO Marginally Beats

Posted: 11 Nov 2011 07:05 AM PST

Regency Centers Corporation (NYSE:REG), a real estate investment trust (REIT), reported third quarter 2011 FFO (funds from operations) of $56.0 million or 62 cents per share, compared to $51.7 million or 62 cents in the year-earlier quarter. Fund from operations, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income.
Excluding non-recurring items, recurring FFO for the reported quarter was $54.9 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Nordstrom Ahead Of Estimates

Posted: 11 Nov 2011 06:55 AM PST

Nordstrom Inc. (NYSE:JWN) posted earnings growth of 11.3% to reach 59 cents a share in the third quarter of fiscal 2011 from 53 cents per share earned in the year-ago period, primarily driven by a double-digit growth in total revenue. Earnings per share beat the Zacks Consensus Estimate by a penny.
Quarterly Details
Nordstrom's same-store sales and top-line trends were also encouraging. Total revenue grew 13.6% to $2,478.0 million from $2,182.0 million in the prior-year period. Moreover, total … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – NZD/USD Up During The European Session

Posted: 11 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 0.7799, up 0.32% at time of writing.

The pair was likely to find support at 0.7733, Thursday's low, and resistance at 0.7998, 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 1.3098 and EUR/NZD rising 0.26% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Medicis Misses Zacks Consensus

Posted: 11 Nov 2011 06:40 AM PST

Medicis Pharmaceutical Corp.'s (NYSE:MRX) third quarter fiscal 2011 earnings per share (EPS) declined 16.1% from the prior-year quarter to 56 cents. While third quarter 2011 earnings were within management's guidance range of 48 cents to 67 cents per share, earnings were well below the Zacks Consensus Estimate of 61 cents per share. Higher research and development (R&D) and promotional costs during the quarter pulled the earnings down.
Quarterly revenues increased 4.3% to $184.7 million, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Chinese Buying Rallies Cotton Futures

Posted: 11 Nov 2011 06:35 AM PST

Friday, November 11, 2011
The daily chart for March Cotton shows near-tem support near the 95.00 area and strong support just above the 90.00 area. Some traders who are looking for these support levels to hold may perhaps wish to explore selling a put credit spread in Cotton futures options. For example, with March Cotton trading at 99.15 as of this writing, the March Cotton 95 puts could be sold and the March Cotton 88 puts bought for a credit of 220, or $1000, not including commissions. The … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD Wanders Higher In Narrow Trade. 1.36704 Is Midpoint Of Weeks Range.

Posted: 11 Nov 2011 06:35 AM PST

The Italian bond yields have continued the move down today – falling to a low of 6.53%. This has helped keep the EURUSD supported and also appeased the stock market players.  Pre US stock market open, the Dow Futures are up 95 points. The Nasdaq is up around 20 points.  Overseas markets are also up with the German Dax up 2% or 121 points.
All of which is good news for the EURUSD and we are seeing a willingness to move and stay above the 38.2% of the sharp move lower on Wednesday at … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: GBPUSD Pushes Against Topside Resistance In Early NY Trade.

Posted: 11 Nov 2011 06:35 AM PST

The GBPUSD  is looking to test the upside resistance area developed over the last 16 or so hours of trading. That resistance comes in at the 1.5939 to 1.59465 levels.  A move above that, will next target the 1.5967 level where the 38.2% of the weeks range is located. Above that the 200 hour MA comes in at the 1.5987 area. 
On the downside, 1.5930 is  the close from yesterday.  The midpoint of the days range comes in at the 1.5920 level. Below that the 1.5900 level … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD Tests 100 Hour MA. 1st Test Should Find Some Profit Takers

Posted: 11 Nov 2011 06:35 AM PST

The EURUSD is testing the 100 hour MA at the 1.3683 level and has found some quick profit takers  against the level. The question is will the price rotate back lower and take out support levels. The key support below now comes in at the 1.3652-56 area. This is a level off the daily chart (see below). A closer clue comes at the London morning high at the 1.3667 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The U.S. Already Has A Safe Network Of Pipelines That Are An Integral Part Of Our Energy System

Posted: 11 Nov 2011 06:26 AM PST

The map above (click to enlarge) shows the existing, extensive network of energy pipelines in the U.S. with the following code: green for oil, red for gas, and blue for products such as gasoline, propane and ethylene.
  
In a temporary victory for environmentalists, the Obama administration has delayed its decision on whether to approve the controversial Keystone XL oil pipeline until after the 2012 election.  Environmentalists claim that the Keystone XL pipeline’s route across … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/CHF Up In European Trade

Posted: 11 Nov 2011 06:25 AM PST

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

EUR/CHF was trading at 1.2362, up 0.23% at time of writing.

The pair was likely to find support at 1.2266, Monday's low, and resistance at 1.2456, Tuesday's high.

Meanwhile, the Euro was up against the U.S. Dollar and the Japanese Yen, with EUR/USD gaining 0.54% to hit 1.3681 and EUR/JPY rising 0.13% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stock Market News Briefs: Bill Barrett, Walt Disney Company, Delta Petroleum, Syneron Medical Ltd., Kohl’s, Melco Crown Entertainment Limited, NVIDIA, Viacom, Vertex Pharmaceuticals Incorporated

Posted: 11 Nov 2011 06:15 AM PST

 

    Viacom (NYSE:VIA) posted Q4 EPS of $1.06, topping the Zacks Consensus Estimate of $1.03. Revenues for the quarter rose year-over-year 22% to $4.05 billion

    Nvidia (NASDAQ:NVDA) reported Q3 earnings, posting an EPS of $0.29 which surpassed the Zacks Consensus Estimate of $0.26 per share. Revenues for the quarter came in at $1.07 billion

    Walt Disney (NYSE:DIS) posted Q4 EPS of $0.58, beating the Zacks Consensus Estimate of $0.54 per share. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

GGB’s 3Q Surges Y/Y; Ups Estimate

Posted: 11 Nov 2011 06:15 AM PST

Brazilian steel producer, Gerdau S.A. (NYSE:GGB) reported its financial results for the third quarter of 2011 on November 10, 2011. The company's net income increased 17.1% year over year to R$713.3 million (US$437.6 million). Earnings per share (EPS) were R$0.41 (25 cents per ADR) up compared with R$0.38 (22 cents per ADR) in the year-ago period. Results were also above the Zacks Consensus Estimate of 11 cents per ADR.
The bottom-line results were impacted due to higher sales growth, lower … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bond Market Holiday, Europe Saga Continues

Posted: 11 Nov 2011 06:06 AM PST

With the bond market taking the day off in observance of the Veterans Day and the economic calendar relatively on the thin side, Europe will likely remain the dominant issue in the market. And the overall tone of European headlines appears to be on the reassuring side. This should help the market sustain the positive momentum from Thursday.
Italy’s senate passed next year’s budget, which includes a host of austerity measures demanded by Euro-zone leaders. The passage of the measure from … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

SBS Plummets, 3Q Lags Estimate

Posted: 11 Nov 2011 06:06 AM PST

Sao Paulo, Brazil-based Companhia de Saneamento Basico do Estado de Sao Paulo, or SABESP's (NYSE:SBS) net income for the third quarter 2011 fell drastically by 84.4% year over year to R$68.0 million (US$41.7 million). Earnings per share in the quarter were R$0.30 per share (US$0.37 per ADR). Earnings per ADR lagged behind the Zacks Consensus Estimate of US$2.13 per ADR by a wide margin.
The year over year results were hurt due to higher cost of sales and services and higher exchange losses, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CAD Up In European Trading Hours

Posted: 11 Nov 2011 06:00 AM PST

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

USD/CAD was trading at 1.0193, up 0.23% at time of writing.

The pair was likely to find support at 1.0078, Tuesday's low, and resistance at 1.0266, Thursday's high.

Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.37% to hit 1.3658 and GBP/USD rising 0.03% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

DineEquity Tops, Lowers Guidance

Posted: 11 Nov 2011 05:54 AM PST

DineEquity Inc. (NYSE:DIN) reported third quarter adjusted earnings of $1.04 per share, comfortably beating the Zacks Consensus Estimate 99 cents and the prior-year earnings of 95 cents. Revenues in the reported quarter plunged 21.2% year over year to $264.5 million.
Inside the Headline Numbers
DineEquity operates under Applebee’s Neighborhood Grill & Bar and IHOP brands. Applebee’s domestic system-wide comparable-store sales inched down 0.3% during the quarter, with franchise same-restaurant … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Retro Cartoon Of The Day From The War On Booze: It’s Still Relevant Today, Just A Different War

Posted: 11 Nov 2011 05:53 AM PST

Salix Beats On Higher Revenues

Posted: 11 Nov 2011 05:35 AM PST

Salix Pharmaceuticals, Ltd. (NASDAQ:SLXP) posted third quarter earnings of 77 cents per share, well above the Zacks Consensus Estimate of 58 cents and the year-ago earnings of 14 cents. Higher revenues drove results.
Third quarter revenues, which increased 81% to $146.2 million, exceeded the Zacks Consensus Estimate of $142 million. Revenues also exceeded the company's guidance of $140 million.
Quarter in Detail
Salix' third quarter performance was driven by its key product Xifaxan, which posted … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

GOL’s Weak 3Q, Reiterates Guidance

Posted: 11 Nov 2011 05:20 AM PST

On November 10, 2011, GOL Linhas A (GOL) reported financial results for the third quarter of fiscal 2011. Net loss in the quarter was recorded at R$516.5 million (US$316.9 million) compared with a net income of R$110.0 million (US$63.2million) in the year-ago quarter.
The loss was primarily attributable to the depreciation of the Brazilian currency against dollar, which generated a huge net expense from the foreign exchange variation; as most of the company's financial liabilities are … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Nippon Reported Mixed 2Q

Posted: 11 Nov 2011 05:05 AM PST

Nippon Telegraph & Telephone Corp. (NYSE:NTT) declared mixed financial results for the second quarter of fiscal 2011 (ending March 31, 2012). Revenue increased due to strong execution of long-distance call and international operations. Moreover, the company's wireless services wing, NTT DoCoMo (NYSE:DCM) also reported a healthy revenue growth.
On a GAAP basis, net income in the second quarter of fiscal 2011 was approximately $1,849 million, down 10% year over year.  EPADS (Earning per … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/GBP Up During The European Session

Posted: 11 Nov 2011 05:00 AM PST

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

EUR/GBP was trading at 0.8569, up 0.34% at time of writing.

The pair was likely to find support at 0.8486, Thursday's low, and resistance at 0.8608, Monday's high.

Meanwhile, the Euro was up against the U.S. Dollar and down against the Japanese Yen, with EUR/USD gaining 0.29% to hit 1.3647 and EUR/JPY falling 0.10% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/CHF Down In European Trade

Posted: 11 Nov 2011 04:30 AM PST

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

GBP/CHF was trading at 1.4423, down 0.12% at time of writing.

The pair was likely to find support at 1.4258, Monday's low, and resistance at 1.4566, Thursday's high.

Meanwhile, the British Pound was down against the U.S. Dollar and the Euro, with GBP/USD shedding 0.08% to hit 1.5921 and EUR/GBP rising 0.30% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – AUD/USD Down In European Trading Hours

Posted: 11 Nov 2011 04:00 AM PST

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

AUD/USD was trading at 1.0138, down 0.15% at time of writing.

The pair was likely to find support at 1.0053, Thursday's low, and resistance at 1.0411, Monday's high.

Meanwhile, the Australian Dollar was down against the Euro and the Japanese Yen, with EUR/AUD gaining 0.32% to hit 1.3448 and AUD/JPY falling 0.44% 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: 11 Nov 2011 03:20 AM PST

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

USD/CHF was trading at 0.9060, down 0.02% at time of writing.

The pair was likely to find support at 0.8894, Monday's low, and resistance at 0.9150, Thursday's high.

Meanwhile, the U.S. Dollar was down against the Euro and the Japanese Yen, with EUR/USD gaining 0.30% to hit 1.3648 and USD/JPY falling 0.33% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Gold Looks To Fed-Speak For QE3 Signs, Crude Oil To Rise With Stocks

Posted: 11 Nov 2011 02:34 AM PST

Talking Points

Crude Oil to Rise as Outlook for Italy, Greece Modestly Improves
Gold Looking to Fed's Yellen, Williams Comments for QE3 Clues

WTI Crude Oil (NY Close): $97.78 // +2.04 // +2.13%
S&P 500 stock index futures are ticking higher, hinting crude oil is likely to rise along with a broad-based recovery in risk appetite. Sentiment is improving after Greece finally settled on Lucas Papademos – at one point the Vice President of the ECB – as its new Prime Minister, while Italy … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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