Tuesday, December 27, 2011

DailyMarkets.com - Sanderson Beats, Loss Persists

DailyMarkets.com - Sanderson Beats, Loss Persists

Sanderson Beats, Loss Persists

Posted: 27 Dec 2011 07:50 AM PST

Laurel, Mississippi-based Sanderson Farms, Inc. (NASDAQ:SAFM) once again incurred losses in the fourth quarter 2011 as margins continued to plunge due to higher feed cost, weak prices and lower demand. The company reported adjusted loss of 70 cents per share, a penny better than the Zacks Consensus Estimate. Including inventory adjustment of 27 cents, the company reported net loss of 97 cents per share during the quarter compared with the year-ago earnings of $2.08.
For fiscal 2011, net loss was … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

United Sees Strong 4Q Growth

Posted: 27 Dec 2011 07:40 AM PST

United Continental Holdings Inc. (UAL) expects strong growth in the ongoing fourth quarter and fiscal year in the back drop of rising fuel prices and a slow moving economy.
The largest U.S. airline expects passenger revenue per available seat miles (unit revenue) to grow 8.5-9.5% in the current quarter and 9-10% in fiscal 2011. Airlines traffic, measured in revenue passenger miles implying one mile flown by one passenger, is expected to drop 3-4% for the fourth quarter and 1-2% for the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

NCR Makes Theatre Management Easy

Posted: 27 Dec 2011 07:20 AM PST

NCR Corp. (NYSE:NCR) recently announced that it has sealed an agreement with Santikos Theatres. The financial details of the deal were not divulged. Santikos Theatres is a movie theater chain based in San Antonio, Texas.
Under the terms of the agreement, NCR will provide the theatre chain with its recently launched 'Reel Time' solution. The solution is expected to be implemented across all eight Santikos movie theatres in Texas.
The latest technology, NCR Reel Time facilitates complex data … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD Near Unchanged On The Day As Stocks Get Ready To Open

Posted: 27 Dec 2011 07:18 AM PST

The EURUSD is in a narrow 43 pips range today as the stock get ready to open. level. The Case Schiller data was weaker than expected which may lead to a weaker stock opening.  The price is at the 100 hour MA which is currently at the 1.3062 level.  The close from yesterday came in at the 1.3057.
There is a topside trendline on the hourly chart at the 1.3081 level.  If the price can remain above the 100 hour MA, this is where the price should move toward. The high for the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Sara Lee Spreads St Joseph Plant

Posted: 27 Dec 2011 07:05 AM PST

The world's leading meat processor Sara Lee Corporation (NYSE:SLE) has planned to pump in $3 million for its St. Joseph Plant, with the aim of expanding it by another 29,000-square-foot.
The expansion will create 55 more jobs to the already 650 workers employed in the plant and make the meat plant the ninth-largest employer in the region.
The 29,000 square-foot expansion will be carried out by Miron Construction Co. and Hixson of Cincinnati will be engaged as the architect.
Sara Lee Moves To … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Mid-term Election Year Cycle: Redux

Posted: 27 Dec 2011 07:00 AM PST

Many hang their hat on old Wall Street sayings like "As goes the first week of January so goes January" or "As goes January so goes the year".  Another Wall Street rule of thumb  is the "Mid-year election year" cycle.  … Continue reading … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Expect A Slow, Upward Drift

Posted: 27 Dec 2011 06:50 AM PST

Stocks will likely sustain last week's upward drift, though trading action is expected to remain quiet given holiday-induced light volumes. On the docket today, we have the Case-Schiller home price index and the Conference Board's Consumer Confidence measure for December.
The lack of any European news and the expected gain in U.S. consumer confidence will likely keep overall sentiment favorable today. The economic docket is fairly light the rest of this holiday-shortened week, with weekly … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Massive Response For EA’s Star Wars

Posted: 27 Dec 2011 06:50 AM PST

Electronic Arts Inc.'s (EA) ambitious project, Star Wars: The Old Republic, has caught the imagination of the gamers, as millions of Star Wars' fans logged into the game to celebrate their holidays in Sith lords or Jedi knights' style. Stats revealed by the company suggested that over a million gamers kept themselves busy in the game for 5.5 million game hours over the last weekend.
The online massively multiplayer online (MMO) game, released on December 20, 2011, has already logged 60 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Gold Futures Slump In Post-Christmas Trade

Posted: 27 Dec 2011 06:42 AM PST

Forexpros – Gold futures retreated in quiet post-Christmas action on Tuesday, falling below USD1,600-an-ounce as investors were reluctant to open new positions before the new year amid lingering concerns over the euro zone's debt crisis.

On the Comex division of the New York Mercantile Exchange, gold futures for February delivery traded at USD1,596.05 a troy ounce during early U.S. morning trade, slumping 0.78%.

It earlier fell by as much as 0.96% to trade at USD1,592.95 a troy ounce, the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stock Market News Briefs: Broadcom, Eastman Kodak Company, Exterran Holdings, QUALCOMM Incorporated, Rambus, Shutterfly, Skyline, SunPower, AT&T

Posted: 27 Dec 2011 06:40 AM PST

 

    Effective from the close of trading on December 30, 2011, Skyline Corp. (NYSE:SKY) will be replaced by Exterran Holdings, Inc. (NYSE:EXH)

    A day after Eastman Kodak Co. (NYSE:EK) said that it would sell its gelatin business, the company's shares jumped 9.5%

    Shutterfly, Inc. (NASDAQ:SFLY) reduced its fourth-quarter revenue guidance from $270.5 million – $275.5 million to $259 million – $264 million

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

Mead Claims Infant Food To Be Clean

Posted: 27 Dec 2011 06:40 AM PST

Mead Johnson Nutrition Company (MJN) said that its Enfamil Premium Newborn infant formula, which was suspected to have killed the 10-day-old baby boy in Missouri, has gone through another test and has been found to be innocent. The test conducted by the company on the infant formula was tied to the same sample used by US Food and Drug Administration (FDA). However, the results of FDA are still pending.
The newborn baby died apparently of a rare bacterial infection soon after it was fed by the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CAD Steady After U.S. Housing Data

Posted: 27 Dec 2011 06:32 AM PST

Forexpros – The U.S. dollar was steady against its Canadian counterpart on Tuesday, hovering close to a 12-day low after worse-than-expected U.S. housing data and amid ongoing concerns over the debt crisis in the euro zone.

USD/CAD hit 1.0178 during early U.S. trade, the pair's lowest since December 9; the pair subsequently consolidated at 1.0203, inching down 0.01%.

The pair was likely to find support at 1.0136, the low of December 1 and resistance at 1.0262, the high of December … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

H-P Leads The MPS Market

Posted: 27 Dec 2011 06:20 AM PST

Hewlett-Packard Co. (NYSE:HPQ) kept its crown intact, as the information technology (IT) research firm IDC announced the Palo-Alto-based tech giant to have maintained its leadership position in Managed Print Services (MPS).
The comprehensive research report indicates that H-P’s market leadership is based on its ability to deliver a unified experience across the office, onsite production and external printing and imaging environments. Its broad portfolio is enriched with industry solutions and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

S&P/Case-Shiller Home Price Index Falls More-than-expected

Posted: 27 Dec 2011 06:08 AM PST

Forexpros – The S&P/Case-Shiller home price index fell more-than-expected in October, declining for the 16th consecutive month, industry data showed on Tuesday.

In a report, Standard & Poor with Case-Shiller said its house price index fell at an annualized rate of 3.4% in October, disappointing expectations for a 3.2% decline.

U.S. home prices in September fell by 3.5%, after being revised from a previously reported 3.6% decline.

Month-on-month, U.S. home prices fell by 0.6% in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Mechel Closes Donetsk Acquisition

Posted: 27 Dec 2011 06:05 AM PST

Russian Company Mechel OAO (MTL) announced that it has completed the acquisition of 100% of Donetsk Electrometallurgical Plant (DEMZ AO) worth $537 million.
Payment for Donetsk Electrometallurgical’s shares will be made in installments of over 7 years. At the time of Mechel’s annual shareholders’ meeting, payment was expected to be made in installments of over 4 years. However, over the course of completion of the acquisition, the term was extended by 3 years without increasing the total … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Capital Rule A Major Threat To BofA

Posted: 27 Dec 2011 05:55 AM PST

When many of the large financial institutions are moving ahead to meet the new capital rules by 2019, Bank of America Corporation (NYSE:BAC) is falling behind due to significant pressure on its capital position. Though the company is making every effort to save itself, it could be a major threat for the second largest U.S. bank by assets.
BofA hopes to fulfill the regulatory capital requirement through organic means, aided by the sustained shedding of non-core assets. Also, there is a high chance … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

GOL Teams Up With Webjet

Posted: 27 Dec 2011 05:50 AM PST

GOL Linhas Aéreas Inteligentes S.A. (NYSE:GOL), the largest low-cost and low-fare airline in Latin America, recently announced an interline agreement between its subsidiaries VRG Linhas Aéreas S.A ("VRG") and Webjet S.A.("Webjet") to sell the tickets of Webjet through VRG. As per the agreement, passengers will be able to purchase, through GOL's sales channels, "pure" stretches, operated by Webjet only, or "combined" stretches, involving both airlines.
In July 2011, GOL … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

European Stocks Mixed On Debt Worries; DAX Up 0.26%

Posted: 27 Dec 2011 05:41 AM PST

Forexpros – European stock markets were mixed on Tuesday, as markets were jittery ahead of Italian bond auctions later in the week amid sustained concerns over the euro zone's financial crisis.

During European afternoon trade, the EURO STOXX 50 eased 0.02%, France's CAC 40 added 0.14%, while Germany's DAX 30 gained 0.26%.

With markets in London remaining closed for an extended holiday break and most investors already away on year-end leave, trading volumes were low, resulting in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Mega-PBM Merger: Boon Or Bane?

Posted: 27 Dec 2011 05:35 AM PST

The burning issue across the US healthcare industry is converging with the anxiety of the antitrusts. Now the most discussed question in the industry is: How would the proposed merger of two of the three largest pharmacy benefit managers (PBM) – Express Scripts (NASDAQ:ESRX) and Medco Health Solutions (NYSE:MHS) – impact the competitive market scenario?

This is a long-standing debate where opinions diverge into two broad camps. One side believes the merger between the two leading PBMs would expand … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Capital Rule: A Major Threat To BofA

Posted: 27 Dec 2011 05:35 AM PST

When many of the large financial institutions are moving ahead to meet the new capital rules by 2019, Bank of America Corporation (NYSE:BAC) is falling behind due to significant pressure on its capital position. Though the company is making every effort to save itself, it could be a major threat for the second largest U.S. bank by assets.
BofA hopes to fulfill the regulatory capital requirement through organic means, aided by the sustained shedding of non-core assets. Also, there is a high chance … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Wider 3Q Loss For Christopher

Posted: 27 Dec 2011 05:20 AM PST

Christopher & Banks Corp. (NYSE:CBK) posted adjusted loss per share of 45 cents in the third quarter of fiscal 2012, better than the Zacks Consensus Estimate of 50 cents. However, the quarterly loss was wider than the year-ago earnings per share of 10 cents. On a reported basis, losses were 79 cents per share compared with 26 cents per share recorded in the year-earlier quarter.
Based in Minneapolis, Christopher & Banks reported year-over-year net sales growth of 2.5% in the quarter to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – Dollar Mixed To Lower As Markets Eye Italian Bond Sales

Posted: 27 Dec 2011 04:57 AM PST

Forexpros – The U.S. dollar was mixed to lower against its major counterparts on Tuesday, as concerns over the sovereign debt crisis in the euro zone persisted ahead of highly anticipated Italian bond auctions later in the week.

During European afternoon trade, the dollar was fractionally lower against the euro, with EUR/USD easing up 0.03% to hit 1.3064, trading close to an eleven-month low.

With markets in the U.K., Canada and Australia remaining closed for an extended holiday break and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Futures Dip Ahead Of Data, Sears In Focus; Dow Sheds 0.2%

Posted: 27 Dec 2011 04:40 AM PST

Forexpros – U.S. stock futures pointed to a modestly lower open on Tuesday, amid thin year-end trading conditions as investors awaited key U.S. housing and consumer confidence data later in the day.

Ahead of the open, the Dow Jones Industrial Average futures pointed to a loss of 0.2%, the S&P 500 futures indicated a decline of 0.1%, while the Nasdaq 100 futures pointed to a 0.3% drop.

With most investors already away on year-end leave, trading volumes were expected to remain low, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/USD Trims Gains Amid Renewed Euro Zone Worries

Posted: 27 Dec 2011 04:29 AM PST

Forexpros – The pound trimmed gains against the U.S. dollar on Tuesday, pulling back from a two-day high as renewed fears over the handling of the euro zone's financial crisis weighed on demand for riskier assets.

GBP/USD pulled back from 1.5676, the pair's highest since December 23 to hit 1.5648 during European afternoon trade, still up 0.09%.

Cable was likely to find support at 1.5579, the low of December 23 and resistance at 1.5728, the high of November 22.

With markets in the U.K. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Steady As E.Z. Debt Concerns Weigh

Posted: 27 Dec 2011 04:15 AM PST

Forexpros – The euro was almost unchanged against the U.S. dollar on Tuesday, as renewed concerns over the euro zone's debt crisis weighed on demand for the single currency ahead of Italian bond auctions programmed later in the week.

EUR/USD hit 1.3083 during European afternoon trade, the pair's highest since December 23; the pair subsequently consolidated at 1.3067, easing up 0.06%.

The pair was likely to find support at 1.2994, the low of December 16 and resistance at 1.3131, the high … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – Euro Remains Vulnerable In Holiday-thinned Trade

Posted: 27 Dec 2011 03:53 AM PST

Forexpros – The euro hovered close to an eleven-month low against the U.S. dollar on Tuesday and was mixed against its other major counterparts, as concerns over the handling of the debt crisis in the euro zone continued to dominate market sentiment.

During European early afternoon trade, the euro was higher against the U.S. dollar, with EUR/USD up 0.10% to hit 1.3072, trading within striking distance of an eleven-month low.

With markets in the U.K., Canada and Australia remaining closed … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The ‘Santa Claus’ Rally

Posted: 24 Dec 2011 09:00 PM PST

12/25/11 NYFP’s Wall Street Lingo: Kenneth Polcari, Managing Director for ICAP, explains the term ‘Santa Claus’ rally and what it means to the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
at

No comments:

Post a Comment