Friday, January 27, 2012

DailyMarkets.com - AngioDynamics Cuts View On Recall

DailyMarkets.com - AngioDynamics Cuts View On Recall

AngioDynamics Cuts View On Recall

Posted: 27 Jan 2012 03:45 PM PST

Therapeutic and diagnostic devices maker AngioDynamics (NASDAQ:ANGO) has trimmed its sales and earnings outlook for fiscal 2012 based on the recent voluntary recall, in the U.S, of the ablation zone estimator ("AZE") software for its tumor-zapping NanoKnife systems.
The recall has resulted in a momentary halt on the nationwide shipments of the popular NanoKnife system, which is approved by the U.S. Food and Drug Administration ("FDA") for ablation of soft tissue. The company noted that the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bon-Ton Appoints New CEO

Posted: 27 Jan 2012 03:25 PM PST

Bon-Ton Stores Inc. (NASDAQ:BONT), a department store chain, recently announced the appointment of Brendan L. Hoffman as its new CEO and president, effective February 7. Hoffman is also set to join the company's board of directors.
Hoffman replaces Bud Bergen who announced in November last year that he will retire once the company finds a new leader. With Hoffman holding the office of the company's president and CEO, Burgen will become the chairman of the Bon-Ton's board. Once Bergren takes on … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: Bulls Still In Control

Posted: 27 Jan 2012 03:23 PM PST

Cusick’s Corner
This has been one of those weeks where you feel like you did a lot but the market has not. The S&Ps continue to hold and the bid continues to buy dips — the bulls are still in control. I want to see 1325 broken early next week if we are to see the upside gain some steam (I know that I am starting to sound like a broken record). Next week is going to be jammed with data and the week will start with Personal Income, so watch the Consumer Discretionary, XLY, early. See you … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

CSIQ Modules In The Middle East

Posted: 27 Jan 2012 03:15 PM PST

Canadian Solar Inc. (NASDAQ:CSIQ) has entered into an agreement with Al Fahad Group under which it will supply more than 1.5 MW of its solar modules for one of the largest solar Photovoltaic ("PV") projects in Abu Dhabi, UAE.
Al Fahad Group is a firm with diversified exposure in Defense & Intelligence, Homeland Security, Networking & Communications and Power. The company offers comprehensive energy solutions in the Middle East for a variety of fields of implementation.
Canadian Solar's … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

8 Amazing Artisan Videos Everyone Should Watch

Posted: 27 Jan 2012 03:11 PM PST

From the MakeUseOf.com website:

“Have you ever watched a masterful expert perform their work with such skill and passion that you had no choice but to watch and admire in awe? As I scour the Internet from day to day, I run into videos of these masters every once in a while. And every time, I can't help but stare in wonder and respect.

An artisan is a craftsman who is a master of their field. Here is a collection of some of the most interesting and mesmerizing videos of artisans who take … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Triumph Group Inc.

Posted: 27 Jan 2012 02:55 PM PST

Triumph Group Inc. (NYSE:TGI) will be reporting its third-quarter 2012 earnings on Monday, January 30, 2012, after the market closes.
The current Zacks Consensus Estimate for earnings per share (EPS) is $1.13, representing an annualized growth of 26.35%.  
With respect to earnings surprises over the trailing four quarters, TGIoutperformedthe Zacks Consensus Estimate in three quarters and was in line in one; leading to an average earnings surprise of 10.18%. The average earnings surprise … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Ivanhoe Stake Strengthens RIO

Posted: 27 Jan 2012 02:48 PM PST

Recently, Rio Tinto Plc. (NYSE:RIO) has taken a majority stake in Ivanhoe Mines Ltd, having purchased 51% of the shares, thus attaining a control of the gold and copper miner.
Rio Tinto bought 15.1 million shares, following the recent transaction, from two sellers through a privately negotiated transaction for C$302 million ($301 million). The additional 15.1 million common shares of Ivanhoe represented 2% of Ivanhoe’s outstanding common shares.
The shares were purchased for an aggregate of C$302 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Aetna Buys Reinsurance Coverage

Posted: 27 Jan 2012 02:48 PM PST

U.S.health insurer Aetna Inc. (NYSE:AET) has announced a three-year reinsurance agreement with Vitality Re Limited, a newly-formed special purpose insurance company based in the Cayman Islands. Per the agreement, Aetna will get $150 million of catastrophe bond-type cover for its subsidiary Health Re Inc. against medical benefits claims exceeding pre-determined levels.
The agreement is a part of Aetna's long-term capital management strategy, which will release capital held with respect to its … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

CPKF: Fourth Quarter EPS Up 57% And Dividend Raised 10%

Posted: 27 Jan 2012 02:48 PM PST

CPKF: Fourth Quarter EPS Up 57% and Dividend Raised 10% – Outperform
Ann Heffron, CFA

Chesapeake Financial Shares, Inc. (CPKF) reported 2011 fourth quarter net earnings of $1.6 million, or $0.49 per diluted share, up 57% from the $1.0 million, or $0.31 per diluted share, posted in the year-ago quarter, and compares to our $0.33 estimate.

There were a number of variances from our estimate, including a $0.2 million loan loss provision that was $0.3 million better than our estimate of $0.5 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

RenaissanceRe Projects 4Q CAT Loss

Posted: 27 Jan 2012 02:35 PM PST

Global reinsurer, RenaissanceRe Holdings Ltd. (NYSE:RNR) anticipates about $45 million in pre-tax catastrophe (CAT) losses from the Thailand floods, which occurred in October and November of last year. This will be recorded in the fourth quarter results of 2011.
However, RenaissanceRe along with its subsidiaries – DaVinciRe and Top Layer Re – does not project any substantial net impact on its CAT losses from the earthquakes in New Zealand and Japan, both of which occurred in the first half of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Already There?

Posted: 27 Jan 2012 02:17 PM PST

Five more reasons why America is on the road to Banana Republicville (or are we already there?):
1. Those in charge don’t feel constrained by the rules that apply to everyone else
“36 Obama Aides Owe $833,000 in Back Taxes” (Investors Business Daily)
How embarrassing this must be for President Obama, whose major speech theme so far this campaign season has been that every single American, no matter how rich, should pay their “fair share” of taxes.
Because how unfair — indeed, un-American — … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Alere’s Flu Test Gains FDA Waiver

Posted: 27 Jan 2012 02:15 PM PST

Alere (ALR), a medical products company focused on integrating rapid diagnostics with health management, recently revealed that it has received a confirmation that the U.S. Food and Drug Administration ("FDA") had cleared the Alere Influenza A&B Test for the domestic market.  
The test has been classified by the Clinical Laboratory Improvement Amendments (CLIA), the U.S. regulatory standards for all human clinical laboratory testing, as "waived test.”
Alere's new offering is … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Teradyne Heading Up

Posted: 27 Jan 2012 02:10 PM PST

Teradyne Inc's (NYSE:TER) fourth quarter results were in line with the Zacks Consensus Estimate of 11 cents.
Revenue
Revenue of $297.0 million was down 13.8% sequentially and 4.2% from September 2011 and within management's guidance of $270-$300 million. Revenue was in line with street expectations.
Around 75% of revenue in the last quarter came from semiconductor testing platforms, while the balance came from system testing. The segments were down 16.2% and 35.9%, respectively from the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Lamar Restructures Debt

Posted: 27 Jan 2012 02:05 PM PST

Lamar Advertising Company (NASDAQ:LAMR) recently announced a tender offer to repurchase $600 million principal amount of its 6 5/8% Senior Subordinated Notes. Each $1000 note has been priced at $1,005.83.
The company's subsidiary, Lamar Media Corp. will repurchase the Notes, comprising 6 5/8% Senior Subordinated Notes due 2015, 6 5/8% Senior Subordinated Notes maturing in 2015—Series B and 6 5/8% Senior Subordinated Notes due 2015—Series C in a tender offer. The repurchase … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

DaVita Acquires Stake In Indian Co.

Posted: 27 Jan 2012 01:50 PM PST

Recently, DaVita Inc. (NYSE:DVA) announced the purchase of a majority stake in NephroLife, an India-based kidney care company, in which the former already held a minority stake. However, the financial terms of the deal were not divulged.
NephroLife currently operates nine centers in Bangalore, India, offering dialysis service and vascular surgery, among other kidney care services. Subsequent to the acquisition, the company will be called DaVita NephroLife.
DaVita has always been focused on … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Big, New Ideas From J. C. Penney

Posted: 27 Jan 2012 01:40 PM PST

Radical ideas are flourishing at J. C. Penney Company Inc. (NYSE:JCP), a leading retailer of apparel and footwear, accessories, fashion jewelry, beauty products and home furnishings, as the company recently announced a string of strategic measures to enhance shareholder's value in the coming four years.
New pricing strategy, fresh logo, strategic merchandise initiatives, reduction in costs, enhancement of shopping experience and customers shopping at their own terms — you name it, Ron … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Morgan Stanley Upgraded To Neutral

Posted: 27 Jan 2012 01:35 PM PST

We have upgraded our long-term recommendation on Morgan Stanley (NYSE:MS) to Neutral from Underperform. The raise is mainly based on the company's better-than-expected fourth quarter 2011 results and its relatively stable capital position.
Moreover, we expect Morgan Stanley's restructuring initiatives as well as organic and inorganic growth strategies will continue to be significant growth drivers. However, new regulatory requirements, elevated costs, the fundamental pressures on the banking … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Molina Reveals Strong 2012 Guidance

Posted: 27 Jan 2012 01:20 PM PST

Yesterday, Molina Healthcare Inc. (NYSE:MOH) provided its financial guidance for 2012, estimating operating earnings of $1.80 per share. This is marginally ahead of the Zacks Consensus Estimate of $1.75 per share.
For 2012, Molina's earnings before interest, taxes, depreciation and amortization (EBITDA) are expected to be about $220 million, while income before tax is predicted to be $137 million. As a result, net income is projected to be $85 million. Meanwhile, total revenue is anticipated to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Molina Reveals Strong 2012 Guidance

Posted: 27 Jan 2012 01:20 PM PST

Yesterday, Molina Healthcare Inc. (NYSE:MOH) provided its financial guidance for 2012, estimating operating earnings of $1.80 per share. This is marginally ahead of the Zacks Consensus Estimate of $1.75 per share.
For 2012, Molina's earnings before interest, taxes, depreciation and amortization (EBITDA) are expected to be about $220 million, while income before tax is predicted to be $137 million. As a result, net income is projected to be $85 million. Meanwhile, total revenue is anticipated to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Label Expansion For Merck KGaA Drug

Posted: 27 Jan 2012 01:20 PM PST

Merck KGaA(MKGAF) was recently buoyed by the news of European Commission (EC) approving its lead drug Rebif for the treatment of patients who have experienced a single demyelinating event, and are at high risk of getting multiple sclerosis (MS). Approval is for the drug's 44 micrograms formulation which can be used thrice a week.
The approval did not come as a big surprise for the company, as the Committee for Medicinal Products for Human Use (CHMP) of the European Medicines Agency (EMA) … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Label Expansion For Merck KGaA Drug

Posted: 27 Jan 2012 01:20 PM PST

Merck KGaA(MKGAF) was recently buoyed by the news of European Commission (EC) approving its lead drug Rebif for the treatment of patients who have experienced a single demyelinating event, and are at high risk of getting multiple sclerosis (MS). Approval is for the drug's 44 micrograms formulation which can be used thrice a week.
The approval did not come as a big surprise for the company, as the Committee for Medicinal Products for Human Use (CHMP) of the European Medicines Agency (EMA) … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

UCB’s Keppra Gets FDA Nod

Posted: 27 Jan 2012 01:10 PM PST

UCB (UCBJF) was in the news again recently after the US Food and Drug Administration (FDA) approved its lead product, Keppra (levetiracetam), for use as adjunctive therapy for the treatment of partial onset seizures in adults and children aged one month and older suffering from epilepsy. The approval is for the tablet and oral formulation of the drug.
We note that while Keppra is already available in the US as adjunctive therapy for the treatment of partial onset seizures in adults and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Gannett

Posted: 27 Jan 2012 01:06 PM PST

Gannett Company, Inc. (NYSE:GCI), the publisher of one of the largest-selling daily newspapers in the nation, USA Today, and an S&P 500 company, is scheduled to report its fourth-quarter 2011 financial results before the opening bell on Monday, January 30, 2012. The current Zacks Consensus Estimate for the quarter is 69 cents a share. The Zacks Consensus estimates revenue at $1,394 million for the fourth quarter.
Recap of Third-Quarter 2011
On October 17, 2011, Gannett delivered third-quarter … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

FBIZ: Fourth Quarter Preview

Posted: 27 Jan 2012 01:00 PM PST

FBIZ: Fourth Quarter Preview – Outperform
Ann Heffron, CFA

First Business Financial Services, Inc. (FBIZ) is expected to report fourth quarter and full-year results in mid-March, as it typically does. We are maintaining our revised diluted EPS estimates of $2.90 for 2011 and $3.40 for 2012. In addition, we are continuing our Outperform recommendation on FBIZ, with our twelve-month target price at $19.00, which compares to the Company's current stock price of $15.88.

Relative to our prior … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Monetary Policy Week In Review – 28 January 2012

Posted: 27 Jan 2012 12:57 PM PST

The past week in monetary policy saw 2 central banks cutting interest rates (Israel -25bps to 2.50%, and Thailand -25bps to 3.00%), and 1 bank cutting its reserve ratio (India cut CRR 50bps to 5.50%).  Meanwhile 7 central banks held rates unchanged (Japan 0.10%, India 8.50%, Hungary 7.00%, Turkey 5.75%, New Zealand 2.50%, USA 0-0.25%, and Hong Kong 0.50%).  The week also featured the US Federal Reserve announcing an inflation target of 2 percent and releasing its inaugural economic … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Outperform On ZOLL Medical

Posted: 27 Jan 2012 12:50 PM PST

We retain our Outperform recommendation on resuscitation devices maker ZOLL Medical (NASDAQ:ZOLL) following its forecast-topping first-quarter fiscal 2012 results. Revenues and earnings for the quarter beat the Zacks Consensus Estimates driven by strong sales from the company's LifeVest and temperature management businesses. ZOLL Medical registered healthy sales across the North American hospital and pre-hospital markets.
Revenues in the North American hospital market jumped 12% year over year in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Monster Misses By A Penny

Posted: 27 Jan 2012 12:50 PM PST

Monster Worldwide (MWW) reported revenues of $250 million, down 3.5% sequentially and down 1.9% sequentially. Currency translation had a $1.1 million negative impact on revenue in the fourth quarter.
Effective July 1, 2011, Monster decided against engaging further in the arbitrage lead generation business, a portion of the Internet Advertising & Fees (IAF) business. This was due to the lack of profitability and constraints in the business.
The year-ago quarter included $12 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Dominion Lags Est., Guides 2012

Posted: 27 Jan 2012 12:40 PM PST

Dominion Resources Inc. (NYSE:D) reported fourth quarter 2011 operating earnings of 58 cents per share, 5 cents less than the Zacks Consensus Estimate.
Results also dipped 7.9% below the year-ago earnings of 63 cents per share. Operating earnings for the quarter dropped 8.7% year over year to $334 million.
The year-over-year decline was largely due to lower weather-related sales in the regulated electric service territory and lower merchant generation margins.  However, higher rate adjustment … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

MannKind Treads The Neutral Path

Posted: 27 Jan 2012 12:40 PM PST

We are maintaining our Neutral stance on MannKind Corporation (NASDAQ:MNKD) with a target price of $3.50.
Valencia, California-based MannKind is a biopharmaceutical company focused on the discovery, development and commercialization of therapeutic products for diabetes, cancer and inflammatory and autoimmune diseases. The company's lead pipeline candidate Afrezza is an inhaled insulin for the treatment of type I or type II diabetes.
We remind investors that in January 2011, MannKind suffered a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Impressive 4Q At Sunoco

Posted: 27 Jan 2012 12:20 PM PST

Crude oil pipelines and terminals operator Sunoco Logistics Partners L.P. (NYSE:SXL) announced impressive fourth-quarter and fiscal 2011 results, driven by well performing crude pipelines and terminals facilities.
The partnership's diluted earnings per unit (EPU) – excluding one-time items – came in at 99 cents, breezing past the Zacks Consensus Estimate of 63 cents and the year-ago profit of 47 cents.
For the full year, diluted EPU stood at $2.54, missing our projection of $2.58. Comparing … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Flat Numbers From American Electric

Posted: 27 Jan 2012 12:05 PM PST

Before the bell, American Electric Power Company Inc. (NYSE:AEP) reported its fourth quarter and fiscal 2011 results. In the reported quarter, the company clocked ongoing earnings of 40 cents per share, in line with the Zacks Consensus Estimate. The company's results, however, came above the year-ago quarterly earnings of 38 cents per share. Earnings in the reported quarter were higher by 5 cents than the year-ago period due to the absence of a contribution to the AEP Foundation and a fleet … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Modern Automotive Manufacturing

Posted: 27 Jan 2012 11:57 AM PST

Impressive video of a state-of-the-art VW car factory in Germany, and this February 2009 video is now almost three years … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

RLI Bottom Line Beats, 4Q Net Drops

Posted: 27 Jan 2012 11:55 AM PST

RLI Corp. (NYSE:RLI) reported fourth-quarter 2011 operating earnings of $1.35 per share, beating the Zacks Consensus Estimate by 21 cents. Operating earnings were 18.7% below $1.66 earned in the year-ago period.
Operating earnings for the quarter were $28.9 million, down 17.7% year over year. The decline over the prior-year quarter resulted primarily from a lower underwriting income at Casualty and Surety, partially offset by higher income at Property.
Fourth-quarter 2011 operating earnings … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

ITT Educational Beats Estimates

Posted: 27 Jan 2012 11:35 AM PST

ITT Educational Services Inc. (NYSE:ESI), one of the leading providers of technology-based post-secondary degree programs in the U.S., reported fourth-quarter and full year 2011 results that outperformed the Zacks expectation.
ITT Educational's fourth quarter earnings of $2.87 per share smoothly surpassed the Zacks Consensus Estimate of $2.31. However, earnings for the quarter dipped 8.6% compared to the year-ago quarter earnings of $3.14 per share.
For full-year 2011, the company's earnings … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Chubb Beats; Guides For 2012

Posted: 27 Jan 2012 11:20 AM PST

Property and casualty insurer Chubb Corp. (NYSE:CB) reported fourth quarter operating earnings of $1.63 per share, ahead of the Zacks Consensus Estimate of $1.60 per share. The better-than-expected earnings stemmed from higher premium written, favorable reserve release, a lower share count partly offset by lower investment income and a high cat loss.  Earnings were, however, lower than $1.69 per share reported during the prior year quarter, a period which was marked by benign cat … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: Data Not As Strong As Expected But Bid Stays

Posted: 27 Jan 2012 11:18 AM PST

Cusick’s Corner
The market is whippy — data, GDP prelim came in worse than expected and as I type this, the expected Fitch downgrades of EU debt are crossing the headlines. While this is a little disconcerting, the bid continues to come. The S&Ps have not broken 1300, so the short trend is in place. I will be watching the Crude markets, USO, which have been lagging the equities and are making lower lows. If the tensions in the Middle East start to cool and data does turn, Crude could … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD Moves Toward 38.2% Retracement. Topside Trendline Also Getting Closer

Posted: 27 Jan 2012 11:18 AM PST

The EURUSD is approaching some upside targets for the pair.   The first is the underside of the trendline on the hourly chart above. That level comes in at the 1.3222 level currently. The next would be the 38.2% of the move down from the October 27th high. That level comes in at the 1.32429 level. Finally, the top channel trendline on the daily at the 1.3252 is also approaching.

With the days range for the EURUSD above the average range, I would expect that traders might look to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

T. Rowe Price Profit Soars

Posted: 27 Jan 2012 11:10 AM PST

T. Rowe Price Group Inc.'s (NASDAQ:TROW) fourth-quarter 2011 net income of 73 cents per share were above the Zacks Consensus Estimate by 4 cents. Moreover, earnings compared favorably to 72 cents reported in the prior-year quarter.
Higher-than-expected top-line growth, partially offset by higher operating expenses, cumulated in improved performance. Moreover, increased assets under management (AUM) were also positive for the quarter. Yet, net income available to common shareholders decreased 1.7% … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

KLA Has A Good Quarter

Posted: 27 Jan 2012 11:10 AM PST

KLA-Tencor Corporation's (NASDAQ:KLAC) second quarter earnings exceeded the Zacks Consensus Estimate by 6 cents, driving the shares up 3.74% in after-market trading.
Revenue
KLA reported revenue of $642.5 million, which was down 19.3% sequentially, 16.2% year over year, within the guided range of $600-650 million and slightly ahead of the consensus estimate of $631.3 million. The technical complexity of manufacturing semiconductors and increasingly challenging yield issues remain revenue drivers … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

NextEra Ahead By A Penny

Posted: 27 Jan 2012 11:05 AM PST

NextEra Energy Inc. (NEE) announced fourth-quarter 2011 operating earnings of 93 cents per share compared with 80 cents per share in the year-ago quarter. The results of the company beat the Zacks Consensus Estimate by a penny.
NextEra Energy recorded GAAP earnings for the fourth quarter of 2010 of $1.59 per share compared with 63 cents per share in the year-ago period. The difference of 66 cents between operating and GAAP earnings, during the fourth quarter, was due to mark-to-market effects … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

NVS Beats By A Penny, View Guarded

Posted: 27 Jan 2012 11:05 AM PST

Swiss pharmaceutical giant Novartis (NYSE:NVS) reported earnings per share of $1.23 for the fourth quarter of 2011, marginally beating the Zacks Consensus Estimate of $1.22. Earnings were also above the prior-year figure of $1.14 per share. An unimpressive top-line was countered by higher adjusted operating income resulting in the nominal beat.
Reported earnings were only $0.49, down 48% year over year, due to huge exceptional and one-time charges of $1.5 billion in the quarter. The exceptional … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

HKMA Follows FOMC In Keeping Rate On Hold At 0.50%

Posted: 27 Jan 2012 10:51 AM PST

The Hong Kong Monetary Authority kept its base rate steady at 0.50% following the decision of the US Federal Reserve to leave the fed funds rate unchanged at 0-0.25% until late 2014.  The HKMA said (according to WSJ) the Fed forecasts ”reflect the still-soft outlook of the U.S economy, which is weighed by a weak job market, a depressed housing market, the need for long-term fiscal consolidation as well as the lingering sovereign debt crisis in Europe.” … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Legg Mason Outshines Estimate

Posted: 27 Jan 2012 10:50 AM PST

Legg Mason Inc.'s (NYSE:LM) fiscal third-quarter 2012 earnings of 55 cents per share significantly outpaced the Zacks Consensus Estimate of 27 cents. However, earnings were below the prior quarter and prior-year quarter's earnings of 61 cents and 73 cents per share.
Results declined on a year over year basis, due to lower revenue and reduced assets under management (AUM), partially offset by lower operating expenses. Sequentially, AUM improved, though offset by reduced total revenues and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

DFC Global Beats, Revises Outlook

Posted: 27 Jan 2012 10:50 AM PST

DFC Global Corp. (NASDAQ:DLLR) reported operating earnings of 51 cents per share for the fiscal second quarter 2012, ending December 31, a penny ahead of the Zacks Consensus Estimate but much higher than 37 cents earned in the year-ago quarter.
The operating results exclude non-cash interest on convertible debt, unrealized foreign exchange gain, non-cash impact of hedge ineffectiveness, cross-currency swap amortization and acquisition costs expensed.
Including these charges, GAAP net income was 58 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Finally! Nintendo Embraces Online Play With Nintendo Network

Posted: 27 Jan 2012 10:45 AM PST

01/27/12 Nintendo users will soon have an online experience. The newly unveiled Nintendo Network will offer competition and communication between users, access to digital content, add-ons, and full downloadable … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Cepheid Tops Estimates

Posted: 27 Jan 2012 10:40 AM PST

Cepheid (NASDAQ:CPHD) reported an adjusted EPS of 6 cents during the fourth quarter of fiscal 2011, a couple of cents ahead of the Zacks Consensus Estimate and higher than the adjusted EPS of 3 cents in the year-ago period. The adjusted EPS for the reported quarter takes into account, among other items, a charge of 8 cents per share associated with the termination of a patent license. This charge was anticipated in the company's guidance for the quarter issued during third-quarter results.
For the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Altria Exceeds Estimates

Posted: 27 Jan 2012 10:20 AM PST

Altria Group Inc. (NYSE:MO) delivered better-than-expected adjusted earnings of 50 cents per share in the fourth quarter of 2011, beating the Zacks Consensus Estimate by a penny. On the other hand, the fiscal year 2011 exceeded the Zacks Consensus Estimate by 2 cents and generated earnings of $2.05 per share.
Both the fourth quarter and the fiscal year 2011 surpassed the prior-year earnings by 13.6% and 7.9%, respectively. The year benefited from strong performance of its businesses, new share … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Eastman Misses Estimates

Posted: 27 Jan 2012 10:20 AM PST

Eastman Chemical Company (NYSE:EMN) reported fourth-quarter earnings of 71 cents per share, compared with 70 cents per share, a year earlier and missed the Zacks Consensus estimate of 80 cents per share. The 2010 EPS excluded $26 million of asset impairments and restructuring charges and $115 million of early debt extinguishment costs.
Revenues climbed 18% year over year to $1.7 billion, driven by increased selling prices and higher sales volumes. Operating earnings in the quarter increased to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD Makes New Highs…

Posted: 27 Jan 2012 10:18 AM PST

The Friday afternoon squeeze is on as hopes for Greek solution and weaker GDP lead to the dollars decline.   In Greece the comment from a spokesperson is there is one step left for an agreement.  At the same time the word is a 2nd bailout may be coming from the EU but further funding from the EU is coming to an end.  Maybe the haircut will get them over the hump and they can fund addtional payments through positive cash flow and austerity measures, but if they can not, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: USDCHF Moves Below 100 Day MA

Posted: 27 Jan 2012 10:18 AM PST

The USDCHF has moved to new lows and also below the 100 day MA at the 0.91475 level. This is the first time the price has dipped below this level since the intervention on September … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Newell Beats, Expects Margin Growth

Posted: 27 Jan 2012 10:10 AM PST

Newell Rubbermaid Inc. (NYSE:NWL), the producer of Sharpie pens and Rubbermaid containers, logged a 21.2% increase in adjusted earnings per share in the fourth quarter of 2011 to 40 cents from 42 cents in the year-ago quarter. Quarterly earnings also outpaced the Zacks Consensus Estimate of 38 cents a share.
Earnings growth, driven by positive impact from increased sales volume and lower structural selling, general and administrative expenses, was partially offset by higher input cost inflation … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Valdes: “Volume Light…programs Can Move Markets”

Posted: 27 Jan 2012 10:10 AM PST

01/27/12 DME Securities’ Alan Valdes talks earnings, economic data and equity market volume. Next week’s nonfarm payrolls report and EU agenda are also … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Book Review: Fraternity, Ultimately A Love Story

Posted: 27 Jan 2012 10:03 AM PST

In the process of navigating our economic landscape, we are perpetually encountering risks. These risks not only present themselves from the standpoint of the market and the economy but also on a much larger scale from a social, political, and personal perspective as well.
How do we learn to manage risks going forward? We are compelled to study and appreciate the lessons from the past.
To do just that, I strongly encourage people to read a recently released book which takes us back to the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

DR Horton EPS Tops, Revenue Misses

Posted: 27 Jan 2012 10:00 AM PST

DR Horton Inc. (NYSE:DHI) reported net income of $27.7 million or 9 cents per share in the first quarter of fiscal 2012 versus a net loss of $20.4 million or 6 cents per share in the year-ago quarter. Earnings per share outperformed the Zacks Consensus Estimate of 5 cents.
Total revenues increased 15% year over year to $885.6 million, driven by increase in homebuilding revenues. Reported revenues, however, fell short of the Zacks Consensus Estimate of $920 billion.
Homebuilding revenues climbed … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Investing Basics: What Does Margin Of Safety Mean?

Posted: 27 Jan 2012 08:47 AM PST

"To have a true investment, there must be a true margin of safety. And a true margin of safety is one that can be demonstrated by figures, by persuasive reasoning, and by reference to a body of actual experience." 
When celebrated value investor Benjamin Graham set out his thinking on why and when to purchase stocks in his influential 1934 book Security Analysis, his insistence on having a Margin of Safety was a key factor. Years later, Graham's student Warren Buffett described the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Steady Near $100

Posted: 27 Jan 2012 02:00 AM PST

01/27/12 Oil prices are steady near $100 a barrel Friday as clashing European data and a slight rise in the euro has kept prices in a tight … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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