Monday, January 30, 2012

DailyMarkets.com - A.M. Best Elevates AIG To Stable

DailyMarkets.com - A.M. Best Elevates AIG To Stable


A.M. Best Elevates AIG To Stable

Posted: 30 Jan 2012 09:40 AM PST

On Friday, A.M. Best Co. affirmed the credit and debt ratings of American International Group Inc. (NYSE:AIG) and its subsidiaries, while upgraded its outlook to stable from negative. The rating agency believes that most of the downsides related to AIG's operations and capital have been discounted in 2011.
The rating agency has affirmed issuer credit ratings (ICR) of "bbb" and debt ratings for AIG. Alongside, the financial strength rating (FSR) of "A" (Excellent) and ICR of "a" has … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Earnings Preview: EA

Posted: 30 Jan 2012 09:30 AM PST

Electronic Arts Inc. (EA) is scheduled to release its fiscal third quarter 2012 results after the closing bell on Wednesday, February 1, 2012.
Recap from Prior Quarter
In the second quarter of 2012, EA breezed past the Zacks Consensus Estimates, both earnings and revenues, on the back of an improved performance from its digital segment that surged 30.0% year over year, primarily driven by growth in mobile and other handheld revenues and downloadable content (DLC).
Additionally, strong … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Earnings Preview: Eli Lilly

Posted: 30 Jan 2012 09:05 AM PST

Eli Lilly & Company (NYSE:LLY) is scheduled to announce its fourth quarter and full year 2011 results on January 31, 2012 before the start of trading. The Zacks Consensus Estimate for the fourth quarter is $0.80 (year-over-year decrease of 27.9%) on revenues of $5,920 million (year-over-year decrease of 4.3%).
For fiscal 2011, the Zacks Consensus Estimate is $4.35 (year-over-year decrease of 8.2%) on revenues of $24,146 million (year-over-year increase of 4.6%). The Zacks Consensus Estimate … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Earnings Preview: ExxonMobil

Posted: 30 Jan 2012 09:00 AM PST

U.S. energy behemoth ExxonMobil Corporation (NYSE:XOM) is scheduled to report its fourth quarter and full year 2011 results on January 31, 2012, before the opening bell.
The Zacks Consensus Estimate for the upcoming quarter is a profit of $2.01 per share on revenues of $110.4 billion. For the full year, our earnings per share projection is $8.46 on revenues of $470.1 billion.
Third Quarter 2011 Recap
ExxonMobil reported better-than-expected third-quarter 2011 results with earnings per share of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Earnings Preview: Illinois Tool

Posted: 30 Jan 2012 08:40 AM PST

Illinois Tool Works Inc.(NYSE:ITW) is slated to release its fourth quarter and fiscal year 2011 results on Tuesday, January 31, 2012. The current Zacks Consensus Estimate for earnings per share (EPS) is 88 cents, representing an annualized growth of 11.65%. Estimate for the fiscal year stands at $3.73 per share, up 23.21% year over year.
With respect to earnings surprises, over the trailing four quarters, Illinois Tool outperformed the Zacks Consensus Estimate in two quarters and underperformed in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Wall Street Slides On Greece Debt Concern

Posted: 30 Jan 2012 03:30 AM PST

01/30/12 US stocks kick off the week in negative territory, as EU jitters weigh on risk sentiment. Earnings and M&A action were sidelined as focus remained on progress over Greece’s debt … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Oil Falls Below $99 As Euro Stumbles & Greek Talks Continue

Posted: 30 Jan 2012 08:30 AM PST

01/30/12 Front month crude oil prices were trading lower to start the week as a decline in the euro and unfinished Greek debt talks have kept investors away from higher-yielding … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


MICROS Surpasses Estimates

Posted: 30 Jan 2012 08:25 AM PST

MICROS Systems, Inc. (NASDAQ:MCRS) reported revenues of $270.4 million in the second quarter of fiscal 2012, up 9.4% year over year. This was in line with the Zacks Consensus Estimate.
On a segment basis, Service revenues came in at $178.4 million, rising 7.3% from the previous year quarter. Hardware revenues came in at $57.4 million, increasing 20.1% from the year-ago quarter. Software revenues came in at $34.6 million, up 4.5% from the year-ago quarter.
Geographically, revenues from domestic … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex Trading: USDJPY Moves Below Floor And Triggers Stops.

Posted: 30 Jan 2012 08:18 AM PST

The USDJPY fell below the 76.545 level which was the floor since November. Stops were triggered on the break and the price scooted lower. The next target for the pair comes off the low trendline on the hourly chart.  This level comes in at the 76.21 level.   A break below that and further selling can be expected with 76.19, 75.94 adn 75.56 the next … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex Trading: GBPUSD Moving Back And Forth Between Support And Intraday Resistance

Posted: 30 Jan 2012 08:18 AM PST

The GBPUSD bounced off the key support defined by trendline and 100 hour MA (see chart above). The price is up testing 38.2% retracement of the move from the top and above that, trendline resistance (see chart above).  The pair has a decision to make.  Does it want to take the bounce off key support and rotate back toward the highs or does it want to rotate back lower for another test of the key support. Of importance as well is the 100 day MA. The 100 day MA is at the 1.5661 level … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Goldman Downgraded To Underperform

Posted: 30 Jan 2012 08:15 AM PST

We have downgraded our recommendation on The Goldman Sachs Group Inc. (NYSE:GS) to Underperform from Neutral. The downgraded recommendation is based on the expectation of continued lower top line as in 2011, coupled with fundamental pressure on the banking sector.
During 2011, the operating environment was dominated by macroeconomic concerns, which resulted into subdued client activity. The market was focused on sovereign risk within the Eurozone. The complexities surrounding various economic … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Wall Street Slides On Greece Debt Concern

Posted: 30 Jan 2012 08:05 AM PST

01/30/12 US stocks kick off the week in negative territory, as EU jitters weigh on risk sentiment. Earnings and M&A action were sidelined as focus remained on progress over Greece’s debt … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Advaxis (ADXS) Is On Track To Achieve 2012 Goals

Posted: 30 Jan 2012 08:00 AM PST

Advaxis (ADXS) Is On Track To Achieve 2012 Goals
Grant Zeng, CFA

More Encouraging Preliminary Data of Phase II ADXS-HPV Reported at the World Cancer Immunotherapy Conference

On Jan 25, 2012, Advaxis (ADXS) reported updated results from an ongoing randomized Phase II trial of ADXS-HPV +/- cisplatin in Indian women with recurrent/refractory cervical cancer at the World Cancer Immunotherapy Conference in San Diego, California.

This Phase II clinical trial of ADXS-HPV was initiated in November … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


FUJIY Reports Weak 3Q

Posted: 30 Jan 2012 08:00 AM PST

On January 30, 2012, Fujifilm Holdings Corporation (FUJIY) reported its financial results for the third quarter of fiscal year 2012. The company reported a net income of ¥8.8 billion ($11.4 million), down 51.4% from ¥18.1 billion ($21.9 million) in the prior-year quarter. The results reflected negative impact of yen appreciation, surging raw material cost and demand decrease in Europe.
Revenue
Revenue in the third quarter inched down 2.1% year over year to ¥535.1 billion ($6.9 billion). The … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


The Rust Belt Came Back Strong In 2011; Midwest Manufacturing Is At The Forefront Of The Recovery

Posted: 30 Jan 2012 07:43 AM PST

The Chicago Federal Reserve reported today that its Midwest Manufacturing Index (CFMMI) increased 1.7% in December, to a seasonally adjusted level of 87.4 (2007 = 100).  Here are some highlights of manufacturing activity in the 7th Federal Reserve district that covers Illinois, Indiana, Iowa, Michigan, and Wisconsin:

1. Manufacturing output in the Midwest region rose 8.4% from a year earlier in December, more than twice the 4% increase in national manufacturing output over the same … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Without Greek Deal, Global Markets Stumble

Posted: 30 Jan 2012 01:15 AM PST

01/30/12 Stocks were in the red to start the week as Greece’s debt deal talks have yet to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


The NYSE ‘Candy Exchange’

Posted: 30 Jan 2012 01:00 AM PST

01/30/12 Doreen Mogavero, NYSE floor broker and proprietor of the ‘Candy Exchange’, gives a a brief history & tour of the first and only ‘Candy Exchange’ at the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


How To Sell Stocks Short Profitably

Posted: 30 Jan 2012 02:02 AM PST

Short selling is a practice with a bad name. In times of financial crisis, regulators and governments take aim at short sellers as pirates only out for themselves. But in reality short sellers face far greater risks and as a result practictioners tend to be some of the most financially savvy and literate investors in the market – often acting as ‘policemen’ against financial shenanigans. By learning some tricks to highlight good candidates for short selling the practice can possibly enhance … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


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