Friday, December 2, 2011

DailyMarkets.com - Interactive’s Nov. Metrics Mixed

DailyMarkets.com - Interactive’s Nov. Metrics Mixed

Interactive’s Nov. Metrics Mixed

Posted: 02 Dec 2011 07:50 AM PST

Interactive Brokers Group Inc.'s (NASDAQ:IBKR) Electronic Brokerage segment has announced its monthly brokerage data for November 2011. The segment under review clears and settles trades globally for both individual and institutional clients.
Interactive's total customer accounts for the month of November were 187,700, up 21% from 155,400 in November 2010 and 1% from 185,900 in October 2011. Though total customer Daily Average Revenue Trades (DARTs) rose 16% from the prior-year month, it fell 2% … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Toll Brothers

Posted: 02 Dec 2011 07:40 AM PST

Toll Brothers Inc. (NYSE:TOL) announced that it expects to release its fourth quarter and fiscal 2011 results, before the market opens on December 06, 2011. Horsham, Pennsylvania-based Toll Brothers realized adjusted net income of 2 cents per share in the third quarter of 2011, missing the Zacks Consensus Estimate by a penny. For the upcoming quarter, the Zacks Consensus Estimate for the company is pegged at 5 cents per share, reflecting an annualized growth of 186%.
On the other hand, the Zacks … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

“Santa Claus” Rally In The Cards For 2011?

Posted: 02 Dec 2011 07:36 AM PST

Friday, December 2, 2011
Some traders who are looking for a stock market rally to be under their trees this year may want to consider exploring bullish trading strategies using E-mini futures options. For example, with the March E-mini trading at 1234.25 as of this writing, the January 1275 calls could be bought and the January 1325 calls sold for a net debit of 16.00, or $800, not including commissions. This bull call spread has a maximum potential risk of the entire investment in the spread, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Big Lots Beats, Ups Guidance

Posted: 02 Dec 2011 07:20 AM PST

Big Lots Inc. (NYSE:BIG) recently posted better-than-expected third-quarter 2011 results. The quarterly earnings of 17 cents a share came ahead of the Zacks Consensus Estimate of 10 cents. However, the bottom-line results marked a decrease of 26.1% from the prior- year's earnings of 23 cents a share.
Including the Canadian operations, earnings came in at 6 cents a share.
Management now expects fiscal 2011 earnings between $2.85 and $2.92 per share compared with its earlier guidance range of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

H&R Block’s Loss Widens, Sells RSM

Posted: 02 Dec 2011 07:05 AM PST

H&R Block Inc.'s (NYSE:HRB) adjusted loss of 38 cents per share in fiscal second-quarter 2012 ending October 31 was wider than the Zacks Consensus Estimate of a loss of 35 cents. Results also compared unfavorably with the loss of 36 cents incurred in the year-ago period. Adjusted loss for the quarter was $115.0 million, wider than $111.4 million reported in fiscal second-quarter 2011.
H&R Block incurred after-tax charges of $8.0 million or 3 cents per share, related to the previously … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/JPY Up On Economic Data

Posted: 02 Dec 2011 07:00 AM PST

Forexpros – The U.S. Dollar was higher against the Japanese Yen on Friday after the release of U.S. data on Nonfarm Payrolls.

USD/JPY was trading at 77.92, up 0.27% at time of writing.

The pair was likely to find support at 77.30, Wednesday's low, and resistance at 78.28, Tuesday's high.

Earlier in the day, official data showed that U.S. non-farm payrolls rose to a seasonally adjusted 120K last month, from 100K in the preceding month whose figure was revised up from 80K.

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

Tenet Rises To Outperform

Posted: 02 Dec 2011 06:50 AM PST

We have upgraded our recommendation on Tenet Healthcare Corp. (NYSE:THC) to Outperform from Neutral based on its strong operating performance in the third quarter of 2011, which raises ample optimism for future growth.
Tenet reported third-quarter 2011 operating earnings of 4 cents per share, beating the Zacks Consensus Estimate of 1 cent and operating loss of 1 cent in the prior-year quarter. The improvement was driven by strong results in all lines of business, especially the robust growth in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Economy Appears Back On Track

Posted: 02 Dec 2011 06:35 AM PST

The market likely isn't terribly excited about this morning’s jobs report, but the report’s internals confirm the positive momentum that we have been seeing lately in a number of other economic readings.

The market's focus today clearly will be on the November non-farm payroll report, but let me briefly touch upon the favorable run of developments across the pond first. The combination of a not-so-bad U.S. jobs report and favorable developments in Europe should help the market build on … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Walmart’s App Picks The Right Gift

Posted: 02 Dec 2011 06:30 AM PST

Walmart Stores(NYSE:WMT) has gone another step closer to its customer's hearts and has decided to launch its first Facebook application, Shopycat, to help its buyers choose gifts for their friends online and avoid the holiday season rush.
WalmartLabs, Walmart's Global e-Commerce Division, and the company's hub for creating technologies and businesses in social and mobile commerce for global shoppers has set up the Shopycat application. WalmartLabs was formed after Walmart acquired Mountain … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Dollar Rallies After November Unemployment Rate Falls To 8.6 Percent

Posted: 02 Dec 2011 06:25 AM PST

Fundamental Headlines
• Euro Central Banks May Provide $270B through IMF – Bloomberg
• Merkel Says Joint Euro Bonds Unthinkable – Bloomberg
• Oil Rises Above $109, Iran in Focus – Reuters
• Republican Payroll Tax Cut Plan Fails in Senate – Reuters
• An EU Currency Breakup Would Be Unlike Any Other – WSJ
European Summary and Pre-North American Session Data
Markets were relatively quiet in the overnight session, with higher yielding currencies and risk-correlated assets … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Lululemon’s Profit Zooms In 3Q

Posted: 02 Dec 2011 06:20 AM PST

Lululemon Athletica Inc. (NASDAQ:LULU) reported its third-quarter 2011 earnings of 27 cents a share, up 50% from the year-ago figure of 18 cents, handily beating the Zacks Consensus Estimate of 25 cents.
Financial Details
The company’s 16% increase in comparable-store sales and 71% rise in Direct-to-Consumer revenue resulted in the near-about 31% year-over-year surge in the quarter’s revenues. Total revenue, thus, climbed to $230.2 million from $175.8 million reported in the year-ago quarter. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/USD Up On Jobs Data

Posted: 02 Dec 2011 06:20 AM PST

Forexpros – The British Pound was higher against the U.S. Dollar on Friday after the release of U.S. data on Unemployment Rate.

GBP/USD was trading at 1.5694, up 0.03% at time of writing.

The pair was likely to find support at 1.5459, Monday's low, and resistance at 1.5780, Wednesday's high.

Earlier in the day, official data showed that the U.S. unemployment rate fell unexpectedly to a seasonally adjusted 8.6% last month, from 9.0% in the preceding month.

Analysts had expected the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stock Market News Briefs: Charming Shoppes, Clearwire, Coldwater Creek, Magma Design Automation, Lululemon Athletica, La-Z-Boy Incorporated, Sprint Nextel, Synopsys, UTi Worldwide, Zumiez

Posted: 02 Dec 2011 06:10 AM PST

    Lululemon (NASDAQ:LULU) posted Q3 EPS of $0.27, above the Zacks Consensus Estimate of $0.25 per share. Revenues for the quarter gained 31% year-over-year and came in at $230.20 million

    Zumiez (NASDAQ:ZUMZ) reported Q3 EPS of $0.45, higher than the Zacks Consensus Estimate of $0.41 per share. Revenues for the quarter rose 13.3% year-over-year to $154.0 million

    Apparel retailer Charming Shoppes Inc.'s (NASDAQ:CHRS) shares increased 9.02% after the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Ecolab Wraps Up Nalco Buy

Posted: 02 Dec 2011 06:05 AM PST

Cleaning and sanitation products giant Ecolab Inc (NYSE:ECL) has completed its takeover of Illinois-based water treatment services major Nalco Holding Company (NYSE:NLC). This follows the approval of the $8.3 billion deal, announced in July 2011, by the shareholders of both companies and final antitrust clearance. Ecolab stated, on November 30, 2011, that more than 99% of the shares voted by its shareholders, in a special meeting, were cast in favor of the deal.
The merger marks the union of Nalco’s … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Air Products Hikes Product Prices

Posted: 02 Dec 2011 05:50 AM PST

Effective January 01, 2012, Air Products & Chemicals Inc. (NYSE:APD) would increase the prices of all electronics materials and electronic formulated products in North America by 3.5% to 15% driven by to an increase in production costs.
Moreover, Air Products also intends to eliminate rental discounts on these products.
Recently, Air Products reported its fourth-quarter 2011 EPS of $1.51 versus $1.35 in the year-earlier quarter, in line with the Zacks Consensus Estimate of $1.51. For full-year … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Up On U.S. Data

Posted: 02 Dec 2011 05:45 AM PST

Forexpros – The Euro was higher against the U.S. Dollar on Friday after the release of U.S. data on Nonfarm Payrolls.

EUR/USD was trading at 1.3491, up 0.22% at time of writing.

The pair was likely to find support at 1.3260, Wednesday's low, and resistance at 1.3550, today's high.

Earlier in the day, official data showed that U.S. non-farm payrolls rose to a seasonally adjusted 120K last month, from 100K in the preceding month whose figure was revised up from 80K.

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

U.S. Non-farm Payrolls Rise

Posted: 02 Dec 2011 05:40 AM PST

Forexpros – U.S. non-farm payrolls rose last month, official data showed on Friday.

In a report, the U.S. Department of Labor said non-farm payrolls rose to a seasonally adjusted 120K, from 100K in the preceding month whose figure was revised up from 80K.

Analysts had expected U.S. non-farm payrolls to rise 120K last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Monsanto: Bugging Or Debugging?

Posted: 02 Dec 2011 05:35 AM PST

The U.S. Environmental Protection Agency (EPA) recently released a Memo warning the Global agribusiness lead, Monsanto Co. (NYSE:MON). The Memo reported loss of effectiveness in Monsanto corn, which supposedly had the bug-resistant property, to kill rootworms. Monsanto corn has been studied across different regions in the US and has surprisingly been reported to lose its competence. According to the scientists, four states in the US have shown evidences that the worms have started developing … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Unemployment Rate Falls Unexpectedly

Posted: 02 Dec 2011 05:35 AM PST

Forexpros – The rate of unemployment in the U.S. last month fell unexpectedly, official data showed on Friday.

In a report, the U.S. Department of Labor said the unemployment rate fell to a seasonally adjusted 8.6%, from 9.0% in the preceding month .

Analysts had expected the U.S. unemployment rate to remain unchanged at 9.0% last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

We Should Thank China For Its Currency Policy

Posted: 02 Dec 2011 05:30 AM PST

When you hear discussion of China's currency manipulation, keep the following in mind:

1. China’s currency manipulation is a form of foreign aid, and to the direct advantage of millions of U.S. consumers, especially low-income groups, and to the direct advantage of thousands of American companies buying inputs from China.

2. Forcing China to revalue its currency would benefit some American manufacturers competing with China, but would significantly harm those American consumers and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Zumiez Ahead Of Estimates

Posted: 02 Dec 2011 05:20 AM PST

Backed by strong merchandising, new store opening and e-commerce strategies along with improved margins, specialty retailer Zumiez Inc. (NASDAQ:ZUMZ) reported a strong third-quarter 2011 result. The quarterly earnings of 45 cents per share beat the Zacks Consensus Estimate of 41 cents and surged 12.5% from the prior-period level of 40 cents.
Net sales in the reported quarter climbed 13.3% to $154 million from $135.9 million a year ago. Comparable store sales rose 6.0% in the quarter compared with an … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Ulta Outperforms, Guidance Firm

Posted: 02 Dec 2011 05:05 AM PST

Ulta Salon, Cosmetics & Fragrance Inc. (NASDAQ:ULTA) posted third quarter 2011 earnings of 42 cents per share, which surpassed the Zacks Consensus Estimate of 38 cents. Quarterly earnings almost doubled from the year-ago level of 23 cents a share, beating management's guided range of 36 cents to 38 cents.
The better-than-expected results were attributable to double-digit growth in the top line resulting from robust guest count as well as a rise in average ticket price.
Quarter Highlight
Net … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/GBP Up During The European Session

Posted: 02 Dec 2011 05:00 AM PST

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

EUR/GBP was trading at 0.8606, up 0.30% at time of writing.

The pair was likely to find support at 0.8521, Wednesday's low, and resistance at 0.8614, today's high.

Meanwhile, the Euro was up against the U.S. Dollar and the Japanese Yen, with EUR/USD gaining 0.43% to hit 1.3520 and EUR/JPY rising 0.66% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/CHF Down In European Trade

Posted: 02 Dec 2011 04:30 AM PST

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

GBP/CHF was trading at 1.4349, down 0.13% at time of writing.

The pair was likely to find support at 1.4263, Thursday's low, and resistance at 1.4411, Wednesday's high.

Meanwhile, the British Pound was up against the U.S. Dollar and down against the Euro, with GBP/USD gaining 0.13% to hit 1.5711 and EUR/GBP rising 0.30% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CAD Down On Economic Data

Posted: 02 Dec 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 Unemployment Rate.

USD/CAD was trading at 1.0129, down 0.10% at time of writing.

The pair was likely to find support at 1.0080, today's low, and resistance at 1.0432, Monday's high.

Earlier in the day, official data showed that The rate of unemployment in Canada rose unexpectedly to a seasonally adjusted 7.4% last month from 7.3% in the preceding month.

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

Canadian Unemployment Rate Rises Unexpectedly

Posted: 02 Dec 2011 04:10 AM PST

Forexpros – The rate of unemployment in Canada rose unexpectedly last month, official data showed on Friday.

In a report, Statistics Canada said that Canadian unemployment rate rose to a seasonally adjusted 7.4%, from 7.3% in the preceding month.

Analysts had expected Canadian unemployment rate to remain unchanged at 7.3% last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Oil, Gold Rise Ahead Of US Jobs Report But Gains May Be Fleeting

Posted: 02 Dec 2011 04:04 AM PST

Talking Points

Crude Oil Gains on Forecast for Stronger US Jobs Growth in Nov
Gold Lifted as Risk Appetite Recovers, Weighing on US Dollar

WTI Crude Oil (NY Close): $100.20 // -0.16 // -0.16%
All eyes are on the US Employment report, with expectations calling for the world's top economy to add 125,000 jobs in November. The outcome would mark an improvement from the 80,000 increase recorded in the previous month, and the pickup in European shares as well as S&P 500 stock index futures … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – AUD/USD Up In European Trading Hours

Posted: 02 Dec 2011 04:00 AM PST

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

AUD/USD was trading at 1.0268, up 0.23% at time of writing.

The pair was likely to find support at 0.9804, Monday's low, and resistance at 1.0329, Wednesday's high.

Meanwhile, the Australian Dollar was down against the Euro and up against the Japanese Yen, with EUR/AUD gaining 0.03% to hit 1.3146 and AUD/JPY rising 0.61% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CHF Up During The European Session

Posted: 02 Dec 2011 03:20 AM PST

Forexpros – The U.S. Dollar was higher against the Swiss Franc on Friday after the release of Swiss data on Retail Sales.

USD/CHF was trading at 0.9164, up 0.07% at time of writing.

The pair was likely to find support at 0.9066, Wednesday's low, and resistance at 0.9308, Monday's high.

Earlier in the day, official data showed that Retail sales in Switzerland rose less-than-expected to a seasonally adjusted annual rate of -0.2% last month from -1.4% in the preceding month whose figure … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

All Eyes On The Marseilles Summit

Posted: 02 Dec 2011 12:12 AM PST

Eurocrats seem to be in a cycle of crisis, followed by a summit that produces a half-baked plan, only to be followed by a crisis later. The next EU summit occurs on December 9 in Marseilles and the world will be watching to see what kind of solutions the eurocrats have cooked up next.

I previously used the medical analogy of the pending heart attack:
Imagine that a man (the “eurozone”) experiences severe chest pains and looks like he is headed for a heart attack (“Lehman moment”). The protocol … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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