Friday, November 25, 2011

DailyMarkets.com - Valspar Beats Estimate

DailyMarkets.com - Valspar Beats Estimate


Valspar Beats Estimate

Posted: 25 Nov 2011 10:04 AM PST

The Valspar Corporation's (NYSE:VAL) net earnings rose 50% to 84 cents in the fourth quarter of 2011 from last year's 56 cents, exceeding the Zacks Consensus Estimate of 70 cents. Adjusted net earnings excluded non-cash impairment charge of $3.82 per share for goodwill and intangibles associated with the company's wood coatings and gelcoat product lines and a $0.13 per share restructuring charge.
Including the after-tax non-cash impairment charge of $363.4 million, the reported net loss for … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Alnylam Reveals ALNTTR01 Trial Data

Posted: 25 Nov 2011 10:04 AM PST

Alnylam Pharmaceuticals Inc. (NASDAQ:ALNY) recently presented data from an early stage study of its pipeline candidate ALN-TTR01 at a scientific conference in Japan. ALN-TTR01 is a systemically delivered RNA interference technology (RNAi) therapeutic that employs a first-generation lipid nanoparticles (LNP) formulation to treat transthyretin (TTR) mediated amyloidosis (ATTR).
Data from the trials showed that ALN-TTR01 led to statistically significant reductions in serum TTR protein levels for the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Will Stress Test Protect Our Money?

Posted: 25 Nov 2011 09:50 AM PST

It's time again for America's biggest banks to flex their financial muscles. Yet another round of stress tests await these banks that need to prove their financial prowess, should another recession befall. Among the targeted banks, six that are susceptible to the European crisis will have to go through even tougher tests this time. But the question is, will this really help us with respect to financial flexibility and protection?
Before finding the possible answers to this question, let's … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Earnings Scorecard: Hibbett

Posted: 25 Nov 2011 09:50 AM PST

Hibbett Sports Inc. (NASDAQ:HIBB) recently delivered better-than-expected results for the third quarter ended October 29, 2011.
Street analysts had nearly a week to ponder on the news. In the subsequent paragraphs, we cover the recent earnings announcement, analysts' estimate revisions as well as the Zacks Rank and long-term recommendation on the stock.
Earnings Report Review
Robust performance of footwear and apparel sales along with operational efficiencies facilitated Hibbett to post earnings … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


TARP Becomes More Profitable

Posted: 25 Nov 2011 09:40 AM PST

With the reimbursement of $210 million of bailout money by Bank of Kentucky Financial Corp. (BKYF) and First Midwest Bancorp Inc. (NASDAQ:FMBI), the U.S. Treasury has recovered nearly $258 billion from the bailed out banks. Approximately $245 billion was given to these banks as part of their participation in the Troubled Asset Relief Program (TARP) during the latest recession. The amount was procured through repayments, interest, dividends and other income, enabling the Treasury to make a profit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex Trading: EURUSD Falling Back Lower After Move Higher Fails

Posted: 25 Nov 2011 09:39 AM PST

The EURUSD failed on its correction higher as action heats up and the bearishness reasserts itself.  The market is nervous and nervous means down.  There is talk that a more direct involvement from the IMF is needed. There is an apprehension to have a EU bond by Germany.  There is talk of Greece petitioning private holders of debt to swap bonds at 25% of NPV. The banks want to swap at 40% of NPV (I assume that means at a higher proceed amount for Greece on the bond … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Major Restructuring For NSN

Posted: 25 Nov 2011 09:35 AM PST

Nokia Siemens Networks (NSN), a 50-50 joint venture between Nokia Corp. (NYSE:NOK) and Siemens AG (NYSE:SI) to provide telecom network infrastructure solutions, has recently declared its major restructuring initiatives. As a part of the restructuring process, the venture company will reduce its headcount by 17,000 throughout the world, which will be approximately 23% of its global work force. From now, NSN will concentrate primarily on wireless broadband networks, customer experience management, and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Why Amazon Will Win This Season

Posted: 25 Nov 2011 09:20 AM PST

With Thanksgiving drawing to a close and Black Friday shopping gathering steam, this is clearly a retail weekend. Brick-and-mortar outlets, such as Target Corp (NYSE:TGT), BestBuy Inc (NYSE:BBY), Macy's Inc. (NYSE:M) and Kohl's Corp (NYSE:KSS) opened their stores at midnight yesterday, vying with each other to catch the first shoppers. Shoppers, too, have been lining up to bust the doors for the best of the selection and deals.
While consumer dollars will no doubt pour in, this year is different from … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Allos Continues To Outperform

Posted: 25 Nov 2011 09:20 AM PST

We are maintaining our Outperform recommendation on Allos Therapeutics Inc. (ALTH) following the announcement of decent third quarter 2011 results by the company.
Allos Therapeutics, a Westminster, Colorado based biopharmaceutical company, announced its third quarter 2011 results in November 2011.  The company suffered a loss of $0.11 per share in the quarter, narrower than the year-ago loss of $0.18 and the Zacks Consensus loss estimate of $0.15.
The narrower loss was primarily … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


TEDx Talk: The Next Big Shift In The Internet

Posted: 25 Nov 2011 09:04 AM PST

“The next big shift in the Internet is now, and it's not what you think: Facebook is the new Windows; Google and Windows must be sacrificed. Ten years from now we will interact with the Internet in completely different ways. In this TED talk, Roger McNamee identifies six changes that are already transforming the ways we consume and create content.”

HT: Buddy … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Varian’s New Products At RSNA

Posted: 25 Nov 2011 09:03 AM PST

Leading integrated radiotherapy systems maker Varian Medical Systems (NYSE:VAR) said that it will be exhibiting its new X-ray tubes and PaxScan flat panel image detectors at the forthcoming Radiology Society of North America ("RSNA") annual meeting, scheduled to be held in Chicago from November 27 – December 1.
The California-based company will unveil a new range of PaxPower X-ray tubes at the RSNA meet. The PaxPower tubes are smaller, lighter and offer more power than the conventional X-ray … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – EUR/USD Down At The End Of European Session

Posted: 25 Nov 2011 09:00 AM PST

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

EUR/USD was trading at 1.3242, down 0.79% at time of writing.

The pair was likely to find support at 1.3213, today's low, and resistance at 1.3568, Tuesday's high.

Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.59% to hit 0.8563 and EUR/JPY falling 0.08% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


TRW Automotive’s New Plant In Mexico

Posted: 25 Nov 2011 08:50 AM PST

TRW Automotive Holdings Corp. (NYSE:TRW) recently announced that it will set up a new facility in Queretaro, Mexico, for producing a wide range of advanced brake systems. This new facility is expected to complement the manufacturing activities in the existing Queretaro facility and will enhance the company's expertise in advanced braking technologies and manufacturing processes.
The facility, encompassing about 150,000 square feet, will primarily manufacture hydraulic control units for … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – USD/JPY Up Toward The End Of European Session

Posted: 25 Nov 2011 08:40 AM PST

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

USD/JPY was trading at 77.71, up 0.77% at time of writing.

The pair was likely to find support at 76.77, Monday's low, and resistance at 77.74, today's high.

Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.71% to hit 1.3254 and GBP/USD falling 0.13% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Masimo Remains Neutral

Posted: 25 Nov 2011 08:35 AM PST

We reiterate our rating on Masimo (NASDAQ:MASI) at Neutral. Its third quarter earnings per share of 24 cents missed the Zacks Consensus Estimate by four cents. Revenues of $104 million were lower than the Zacks Consensus Estimate of $109 million.
Masimo's Signal Extraction Technology ("SET") offering may help it become a dominant global player in the pulse oximetry market. The addition of non-invasive parameters is expected to act as a long-term barrier to entry and drive substantial growth. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – GBP/USD Down Toward The End Of European Session

Posted: 25 Nov 2011 08:25 AM PST

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

GBP/USD was trading at 1.5489, down 0.05% at time of writing.

The pair was likely to find support at 1.5424, today's low, and resistance at 1.5776, Monday's high.

Meanwhile, the British Pound was up against the Euro and the Japanese Yen, with EUR/GBP shedding 0.63% to hit 0.8560 and GBP/JPY rising 0.71% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Growth & Income Stock: Ross Stores, Inc.

Posted: 25 Nov 2011 08:20 AM PST

Ross Stores, Inc. (NASDAQ:ROST) delivered excellent results for the third quarter of 2011, driven by a stellar 5% increase in same-store sales.
Analysts revised their estimates significantly higher for both 2011 and 2012, sending the stock to a Zacks #1 Rank (Strong Buy).
As Ross continues to generate record profits, it has been rewarding shareholders through stock buybacks and dividend hikes. Valuation is attractive too with shares sporting a PEG ratio of 1.0.
Thrift is Still Trendy
Ross Stores is … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Vistaprint Upgraded To Neutral

Posted: 25 Nov 2011 08:20 AM PST

We have recently upgraded Vistaprint N.V. (NASDAQ:VPRT) to Neutral from Underperform based on better-than-expected fiscal first quarter 2012 results, an upbeat guidance, deeper focus on inorganic growth as well as international expansion. The positives were, however, partially offset by margin pressure and execution risk related to a set of initiatives taken by management to revamp its business.
Vistaprint's first-quarter adjusted earnings per share beat the Zacks Consensus Estimate. The company … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Yum! Separates India Div

Posted: 25 Nov 2011 08:02 AM PST

Yum! Brands Inc. (NYSE:YUM) recently rearranged its international division and split India into a separate reporting segment. Now onward the standalone division will be called Yum! Restaurant India. We believe the decision was backed by the immense growth opportunity in that market as well as the success of Yum! China, which appears as a role model for the company's expansion plan for India.
Riding on solid same-store sales growth and new unit expansion in India, Yum! Brands expects its profits … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – EUR/USD Down During The European Session

Posted: 25 Nov 2011 08:00 AM PST

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

EUR/USD was trading at 1.3269, down 0.59% at time of writing.

The pair was likely to find support at 1.3213, today's low, and resistance at 1.3568, Tuesday's high.

Meanwhile, the Euro was down against the British Pound and up against the Japanese Yen, with EUR/GBP shedding 0.51% to hit 0.8570 and EUR/JPY rising 0.14% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – GBP/JPY Up In European Trading Hours

Posted: 25 Nov 2011 07:40 AM PST

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

GBP/JPY was trading at 120.27, up 0.64% at time of writing.

The pair was likely to find support at 119.39, Thursday's low, and resistance at 121.24, Monday's high.

Meanwhile, the British Pound was up against the U.S. Dollar and the Euro, with GBP/USD gaining 0.08% to hit 1.5508 and EUR/GBP falling 0.58% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Slippery Crude, Falls On Weak Euro

Posted: 25 Nov 2011 07:30 AM PST

11/25/11 Front month crude prices fell to trade around the $95 a barrel level this afternoon following a continued downturn in the high-yield euro … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Stocks Rebound After Rough Week

Posted: 25 Nov 2011 06:15 AM PST

11/25/11 NYFP’s Opening Bell Report: The final trading session of the week, an abbreviated one as well, has seen a reversal of fortunes in US equities which have rallied on light trading despite weak reports out of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


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