Thursday, December 22, 2011

DailyMarkets.com - Papa John’s Ups 2011 EPS Guidance

DailyMarkets.com - Papa John’s Ups 2011 EPS Guidance

Papa John’s Ups 2011 EPS Guidance

Posted: 22 Dec 2011 07:50 AM PST

Louisville, Kentucky-based Papa John's International, Inc (NASDAQ:PZZA) recently raised its earnings per share (EPS) outlook for 2011 to $2.15 – $2.20 from the previous range of $2.08 – $2.15 (as announced during third quarter 2011 earnings release), as the company continues to perform remarkably.
Papa John's, the third largest take-out and delivery pizza restaurant chain in the United States, also revealed its financial outlook for 2012. The company is witnessing strong performance and expects … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

RIMM Tablets To Offer “Angry Birds”

Posted: 22 Dec 2011 07:50 AM PST

BlackBerry-maker Research In Motion Ltd.,(NASDAQ:RIMM) recently announced that it will finally include the most popular mobile game in recent times, Angry Birds, in its PlayBook tablets. The massively popular game from Rovio, a mobile game development company, reported more than 500 million downloads on mobile handsets and tablets.
BlackBerry devices are mainly targeted toward business class consumers but looking at the stiff competition from other smartphone manufacturers, the company will start … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Zacks Initiates Coverage Of Petaquilla Minerals

Posted: 22 Dec 2011 07:30 AM PST

Zacks initiates coverage of Petaquilla Minerals
Steven Ralston, CFA

Zacks has initiated coverage of Petaquilla Minerals (PTQ) with an Outperform rating. Petaquilla Minerals Ltd. is a junior gold production and exploration company with a producing gold mine (Molejón) located in Panamá and other mineral exploration properties in Panamá and Spain. The Molejón gold project in north-central Panamá achieved commercial production in January 2010 and has poured 146,305 ounces of gold. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

American Eagle Treads Growth Path

Posted: 22 Dec 2011 07:20 AM PST

It has become increasingly imminent that strong and popular brands have the potential to drive growth in the global market and American Eagle Outfitters Inc. (NYSE:AEO) is no exception.
Based on its strong brand power, the youth clothing and accompaniments retailer recently announced the opening of three new stores in Morocco, Jordan and Egypt, respectively.
The company also announced the opening of its third store in Saudi Arabia. Moreover, the company stated that it plans to open an additional … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

EA-Activision Rivalry Reaches Court

Posted: 22 Dec 2011 07:15 AM PST

Electronic Arts Inc. (EA) and Activision Blizzard Inc. (NASDAQ:ATVI) have been battling it out on the games front, but now they face each other in the court room. California Superior Court Judge Elihu Berle ruled out EA's claim to dismiss Activision's $400-million contract-interference claims. The judge in Los Angeles admitted that Activision had provided sufficient evidence against EA in the aforesaid suit. Thus, the judge ordered the case to move to trial.
When it all started…
It was in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Econ Data: The Good, The Bad & The So-So

Posted: 22 Dec 2011 06:50 AM PST

Today's heavy economic schedule will likely keep the markets focused on domestic matters. The good start provided by the positive Initial Jobless Claims report should help give stocks positive momentum today. The GDP revision was on the weak side, but given the stale nature of the data and the relatively no-so-bad internals of report, stocks will most likely take it in stride.
Other key economic reports on deck for a little later release include the Conference Board's Leading Indicators and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

BioMarin’s Facility Expansion Backed

Posted: 22 Dec 2011 06:50 AM PST

BioMarin Pharmaceutical Inc. (NASDAQ:BMRN) received some encouraging news when the Committee for Medicinal Products for Human Use (CHMP) of the European Medicines Agency (EMA) backed an extension for the company's manufacturing facility in Novato, California.
A final decision by the EMA on the matter is expected in the first quarter of 2012. An EMA verdict in favor of the facility expansion would allow BioMarin to market the drugs manufactured there across the EU.
The successful extension of the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CAD Lower After U.S. GDP, Jobless Claims Data

Posted: 22 Dec 2011 06:41 AM PST

Forexpros – The U.S. dollar was lower against its Canadian counterpart on Thursday, after mixed U.S. GDP and jobless claims data as trading volumes remained light ahead of the Christmas holiday weekend.

USD/CAD hit 1.0281 during early U.S. trade, the daily high; the pair subsequently consolidated at 1.0242, shedding 0.24%.

The pair was likely to find support at 1.0208, Wednesday's low and resistance at 1.0347, the high of December 13.

Official data showed earlier that the U.S. economy … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stock Market News Briefs: Amazon.com, Cintas, Delphi Financial Group, CarMax Inc, Nike, Research In Motion Limited, Walgreen Company

Posted: 22 Dec 2011 06:35 AM PST

 

    Walgreen Co.'s (NYSE:WAG) first quarter fiscal 2012 earnings came in at $0.63 per share, which missed the Zacks Consensus Estimate of $0.67 a share

    Nike Inc. (NYSE:NKE) posted earnings per share of $1.00 for second-quarter 2012, which missed the Zacks Consensus Estimate of $0.97

    CarMax Inc. (NYSE:KMX) reported earnings per share of $0.36, short of the Zacks Consensus Estimate of $0.38 a share

    Following reports that … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Philip Morris Continues Fight

Posted: 22 Dec 2011 06:35 AM PST

Tobacco biggies continued their fight against the Australian government for forcing them to use plain packaging in order to bring down the smoking population in the country. For the second time, Philip Morris International, Inc. (NYSE:PM) has chosen to challenge the Aussie legislation, which was passed last month, and thus filed a lawsuit with the country’s High Court on Tuesday.
The ruling by the Australian Federal Government entails cigarette manufacturers to sell their products in plain … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Atlantic: The Most Important Graphs Of 2011

Posted: 22 Dec 2011 06:33 AM PST

From Derek Thompson, senior editor at The Atlantic:

“What is it about graphs and economics? In a discipline where facts are murky and certainty is elusive, graphs offer a bright light of information and a small confidence that the world can be summed up between two axes. So when the BBC asked a group of economists to name their graph of the year, we decided to do the same (so did Wonkblog!). Here, from economists on left and right, and from economic journalists from around the beat, are the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Dollar Rallies After Third Quarter GDP Revision; Loonie On Top

Posted: 22 Dec 2011 06:30 AM PST

Fundamental Headlines
• Bernanke Prods Savers to Become Consumers – Bloomberg
• ECB Lends Banks $645 Billion, Exceeding Forecast – Bloomberg
• Confidence Boost from ECB Lending Fades – Reuters
• China Considers Letting Pensions Invest in Domestic Stocks – WSJ
• Doubts Arise in Euro's Birthplace – WSJ
European Session Summary
Higher yielding currencies advanced slightly against the U.S. Dollar in the overnight, but data ahead of the North American trading session helped the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Oil Trims Gains As U.S. Growth Slows, Jobless Data Supports

Posted: 22 Dec 2011 06:26 AM PST

Forexpros – Crude oil futures trimmed gains in low-volume trade on Thursday, easing off a six-day high after government data showed that U.S. economic growth was slower than previously estimated in the third quarter, while losses were limited by an unexpected improvement in weekly jobless claims.

On the New York Mercantile Exchange, light, sweet crude futures for delivery in February traded at USD99.05 a barrel during early U.S. morning trade, gaining 0.4%.

It earlier rose by as much as … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Despite Gyrations, Oil Volume Falls

Posted: 22 Dec 2011 06:22 AM PST

Thursday, December 22, 2011
Crude Oil has finally gotten a bit of good news over the past several sessions, which is a welcome change for Oil bulls, who have seen prices dragged down by the myriad of bad news out of Europe. The ECB’s move to increase liquidity could be beneficial to bulls, as it could lead to a stabilization of Eurozone banking and inflationary pressure. However, risks to Oil demand remain as the holiday shopping season comes to a close, and Europe remains a mess. Technically, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Shareholders Back ESRX-MHS Merger

Posted: 22 Dec 2011 06:20 AM PST

Express Scripts Inc. (NASDAQ:ESRX) is en route to implement its proposed merger with Medco Health Solutions, Inc. (NYSE:MHS), as the company's stockholders gave the green signal for the adoption of the agreement and plan of merger, dated July 20, 2011.
In July this year, Express Scripts had agreed to acquire Medco for $29.1 billion ($71.36 per share) in cash and stock. At the time of announcing the deal, Express Scripts announced that Medco shareholders will receive $28.80 in cash and 0.81 shares of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Dismal Start To Micron FY12

Posted: 22 Dec 2011 06:10 AM PST

Micron Technology Inc. (NYSE:MU) reported adjusted first quarter fiscal 2012 loss per share of 11 cents, worse than the Zacks Consensus loss per share estimate of 8 cents.
The miss was largely due to subdued PC sales, which adversely affected the demand for memory chips. Another aspect which affected the company's fundamentals was the oversupply of DRAM (dynamic random access memory). Hence, the price of DRAM, which provides the main memory in PCs, dropped as demand from makers of laptops and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Jobless Claims Fall To Lowest Level Since Mid-2008

Posted: 22 Dec 2011 06:04 AM PST

In another sign that the U.S. labor market is gradually improving, the Labor Department reported today that initial weekly claims for unemployment fell last week to 364,000 (seasonally adjusted), which is the lowest weekly claims count since April 2008, more than three and-a-half years ago.  The four-week moving average fell to 380,250 claims, the lowest level since June 2008.  

The bottom chart above shows jobless claims adjusted for the size of the labor force by displaying … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/JPY Hits 3-week High After U.S. GDP Data

Posted: 22 Dec 2011 06:02 AM PST

Forexpros – The U.S. dollar rose to a three-week high against the yen on Thursday, as market sentiment waned after a downward revision of U.S. economic growth dampened hopes for recovery in the world's second largest economy.

USD/JPY hit 78.18 during European afternoon trade, the pair's highest since November 29; the pair subsequently consolidated at 78.18, climbing 0.16%.

The pair was likely to find support at 77.91, the low of December 14 and resistance at 78.40, the high of November … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Contract Galore For JEC

Posted: 22 Dec 2011 05:50 AM PST

Jacobs Engineering Group Inc. (NYSE:JEC) recently announced winning of a series of contracts.
The company's Chemetics unit in Pickering, Ontario, Canada was awarded a design and fabrication contract by Aurubis Bulgaria AD. The contract involves installation of two proprietary designed sulfuric acid coolers in the acid plant in Pirdop, Bulgaria.  The range of operations entails the design and fabrication of drying and interpass anodically protected sulfuric acid coolers.
The contract has … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Initial Jobless Claims Decline To Lowest Since April 2008

Posted: 22 Dec 2011 05:46 AM PST

Forexpros – The number of people who filed for unemployment assistance in the U.S. last week fell unexpectedly, dropping to the lowest level since April 2008, official data showed on Thursday.

In a report, the U.S. Department of Labor said the number of individuals filing for initial jobless benefits in the week ending December 16 fell by 4,000 to a seasonally adjusted 364,000, confounding expectations for a gain of 7,000 to 375,000.

The previous week's figure was revised up to 368,000 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Final Q3 GDP Revised Down Unexpectedly

Posted: 22 Dec 2011 05:41 AM PST

Forexpros – The U.S. economy grew at a slower rate than initially estimated during the third quarter, underlining fears over the strength of the U.S. economic recovery, official data showed on Thursday.

In a report, the Bureau of Economic Analysis said gross domestic product increased at a seasonally adjusted annual rate of 1.8% during the third quarter, down from a previous estimate of 2.0%.

Analysts had expected the second estimate of U.S. gross domestic product to remain unchanged at … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bed Bath Beats EPS; Shy Of Revenues

Posted: 22 Dec 2011 05:35 AM PST

Bed Bath & Beyond Inc. (NASDAQ:BBBY) reported better-than-expected third-quarter 2011 results on the heels of strong growth in sales and higher margins.
Earnings rose approximately 28.4% to 95 cents per share from the year-ago earnings of 74 cents a share, handily surpassing its earnings guidance range of 82 cents to 87 cents per share. Bed Bath & Beyond also outpaced the Zacks Consensus Estimate of 88 cents a share.
Quarterly Details
Bed Bath & Beyond’s top line jumped almost 6.8% to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

European Stocks Higher Ahead Of U.S. Data; DAX Jumps 1.29%

Posted: 22 Dec 2011 05:26 AM PST

Forexpros – European stock markets were sharply higher on Thursday, as investors eyed U.S. GDP and jobless claims data for signs of recovery in the world's second largest economy.

During European afternoon trade, the EURO STOXX 50 climbed 1.45%, France's CAC 40 soared 1.58%, while Germany's DAX 30 added 1.29%.

Trading volumes were expected to remain light ahead of the Christmas holiday weekend, as many traders have closed books before the end of the year, reducing liquidity in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Home Sales Drive KB Home’s 4Q

Posted: 22 Dec 2011 05:20 AM PST

KB Home (NYSE:KBH) reported net income of $13.9 million or 18 cents per share in the fourth quarter of fiscal 2011 as opposed to $17.4 million or 23 cents per share in the year-ago quarter. 
However, excluding inventory impairments and land option contract abandonment charges of $2.3 million (non-cash) and an income tax benefit of $2.5 million, adjusted net income came in at $13.7 million or 18 cents per share, much higher than the Zacks Consensus Estimate of a profit of 3 cents per … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Merry Christmas, Happy Hanukkah, Season’s Greetings From Sense On Cents

Posted: 22 Dec 2011 05:04 AM PST

The pace of financial and economic news continues at breakneck speed.
We see breaking stories of massive fines for discriminatory lending practices, continued financial flailing within the Euro-zone, and ongoing obfuscation of the truth on Wall Street and in Washington.
Three plus years and counting and we continue to encounter the burdens and stress of our steep climb along our economic landscape.
Three plus years and counting I am truly grateful to all those who have welcomed me into their … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Foot Locker Is A Buy

Posted: 22 Dec 2011 04:56 AM PST

Foot Locker has been trending quietly higher within an established channel over the last five months, allowing for great entries along the way. This could be one of those opportunities. Here's why..
Channel
The daily chart shows FL has developed a clear, upward-sloping channel over the last five months of trading. With clear trend lines above and below price, buyers and sellers have had a great blueprint for buying and selling this stock.
If the last five months hold true, we could see … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Sugar Advances On Soft Dollar, Gains Limited On Supply Outlook

Posted: 22 Dec 2011 04:52 AM PST

Forexpros – Sugar futures advanced in thin year-end trade conditions on Thursday, boosted by weakness in the U.S. dollar, however prices continued to trade close to last week's five-month low amid concerns over ample global supplies.

On the ICE Futures U.S. Exchange, sugar futures for March delivery traded at USD0.2341 a pound during European afternoon trade, climbing 0.85%.

It earlier rose by as much as 1.05% to trade at a session high of USD0.2348 a pound. Prices fell to a five-month … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – Dollar Remains Lower In Holiday-thinned Trade

Posted: 22 Dec 2011 04:36 AM PST

Forexpros – The U.S. dollar remained lower against most of its major counterparts on Thursday, as trading volumes were expected to be light ahead of the Christmas holiday weekend while the threat of mass credit ratings downgrades for euro zone countries lingered.

During European afternoon trade, the dollar was lower against the euro, with EUR/USD rising 0.16% to hit 1.3069.

The single currency came under pressure earlier as the heavy demand met by the European Central Bank's three-year … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/USD Higher But Gains Limited

Posted: 22 Dec 2011 04:20 AM PST

Forexpros – The pound remained higher against the U.S. dollar on Thursday, but gains were capped by renewed concerns over mass downgrades in the euro zone and the handling of the region's debt crisis.

GBP/USD hit 1.5729 during European afternoon trade, the daily high; the pair subsequently consolidated at 1.5701, adding 0.18%.

Cable was likely to find support 1.5609 the low of December 8 and resistance at 1.5773, Wednesday's high.

Trading volumes were expected to remain light ahead of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Pares Gains As Sentiment Remains Shaky

Posted: 22 Dec 2011 04:05 AM PST

Forexpros – The euro trimmed gains against the U.S. dollar in holiday-thinned trade on Thursday, remaining close to an 11-month low amid speculation over an imminent French sovereign downgrade, while worries over the region's ongoing debt crisis continued to weigh.

EUR/USD pulled back from a session high of 1.3119 during European morning trade to subsequently consolidate at 1.3058, easing up 0.07%.

The pair was likely to find support at 1.2956, the low of December 15 and resistance at … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Futures Higher Ahead Of Final GDP Data; Dow Jones Up 0.40%

Posted: 22 Dec 2011 03:27 AM PST

Forexpros – U.S. stock futures pointed to a higher open on Thursday, amid thin trade ahead of the Christmas holiday weekend and as investors eyed a final report on third quarter U.S. gross domestic product.

Ahead of the open, the Dow Jones Industrial Average futures pointed to a rise of 0.40%, S&P 500 futures signaled a 0.44% increase, while the Nasdaq 100 futures indicated a 0.50% gain.

Market sentiment weakened earlier after the European Central Bank offered EUR489.2 billion in an … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Corn Steady Near 4-week High On Brazil, Argentina Crop Fears

Posted: 22 Dec 2011 03:18 AM PST

Forexpros – Corn futures held steady near a four-week high on Thursday, pausing after four consecutive days of gains as traders focused on short-term weather forecasts for Brazil and Argentina, major global corn producers.

On the Chicago Mercantile Exchange, corn futures for March delivery traded at USD6.1488 a bushel during European morning trade, easing down 0.12%.

The March contract traded between a range of USD6.1162 a bushel, the daily low and USD6.1662, the session's high. Prices … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – Euro Weakens Amid E.Z. Downgrade Speculation

Posted: 22 Dec 2011 03:00 AM PST

Forexpros – The euro trimmed gains against the U.S. dollar on Thursday and was mixed to lower against its other major counterparts, amid speculation that France may be facing an imminent downgrade while worries over the financial crisis in the euro zone continued to weigh.

During European late morning trade, the euro pared gains against the U.S. dollar, with EUR/USD up 0.06% to hit 1.3056, down from the session high of 1.3119.

Trading volumes were expected to remain light ahead of the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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