Wednesday, January 25, 2012

DailyMarkets.com - Fed Announces Record Low Interest Rates Until Late 2014 And Commodities Soar

DailyMarkets.com - Fed Announces Record Low Interest Rates Until Late 2014 And Commodities Soar

Fed Announces Record Low Interest Rates Until Late 2014 And Commodities Soar

Posted: 25 Jan 2012 05:06 PM PST

Presently we notice the European Central Bank is pumping money into the sovereign institutions following the precedent of the U.S. Federal Reserve.  Indeed, this move is an admission that debt is being monetized before our very eyes.  Once again the lemmings have jumped off a cliff into what they mistakenly thought was a safe haven.  Isn't that the name of the game, which is to get you to swing at the wrong pitch at the wrong time?     As we write, the Federal Reserve … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Jobs: “Stay Hungry, Stay Foolish”

Posted: 25 Jan 2012 04:00 PM PST

01/25/12 Virgin America honored late Apple co-founder Steve Jobs by naming an Airbus A320 aircraft after him, and featuring one of his famous quotes on the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

DDR Teams Up With Anna’s Linens

Posted: 25 Jan 2012 03:55 PM PST

DDR Corp. (NYSE:DDR), a real estate investment trust (REIT), has recently announced its plans to team-up with Anna's Linens – a leading retailer of home-furnishing items, in three of its shopping centers in Puerto Rico. Anna’s Linens is the second such retailer after Five Below – a premier retailer of trendy merchandise priced below $5, which has announced its partnership with DDR in 2012 to help expand into a new market.
The shopping centers in which Anna's Linens will open its outlet … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Neutral On MICROS

Posted: 25 Jan 2012 03:55 PM PST

We reiterate our Neutral recommendation on MICROS Systems' Inc. (NASDAQ:MCRS).
A solid first quarter of fiscal 2012 brought forth revenues worth nearly $257 million, rising around 10% year over year while earnings were in line with the Zacks Consensus Estimate of 45 cents per share. This was mainly attributable to shift in business, thereby targeting the high-profit sectors.
Software revenues were encouraging along with the company's Software as a Service (SAAS) yields, which have shown … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Wine & Beer Served At Starbucks

Posted: 25 Jan 2012 03:35 PM PST

Starbucks Corporation (NASDAQ:SBUX) has decided to sell beer and wine in 12 cafes in Southern California, Atlanta and in Chicago.
The stores will be remodeled and redecorated to match an evening mood. The wines served in these outlets will mirror the local flavor and will be hand made. Moreover, Starbucks revealed that they will offer evening snacks such as cheese plates and hot flatbreads to complement with the drinks.
Customers keep traffic plentiful in Starbucks cafés throughout the day, but the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The MouES Bit Too Hard – Covered ES @ $1322.50

Posted: 25 Jan 2012 03:26 PM PST

I have a certain tolerance for pain when trading and when it is reached I get out of the position and move on. Today the MouES (E-mini S&P 500 Index Futures ES) bit me repeatedly – until it reached my tolerance level. Then I covered my two sold futures contracts with a buy at $1322.50. 

I had a number of very excellent trades earlier in the month and decided to define my tolerance level such that it would not allow those trades to go entirely for naught. So, if this should be my … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Roche Aims For Illumina

Posted: 25 Jan 2012 03:25 PM PST

Roche Holdings Ltd. (RHHBY) recently announced that it has placed a bid to acquire all the outstanding shares of Illumina Inc. (NASDAQ:ILMN). Roche's offer of $44.50 per share (aggregate value $5.7 billion) in cash represents a 64% premium over Illumina's stock price on December 21, 2011.
On December 22, 2011, rumors in the market about a potential transaction between Roche and Illumina had pushed up Illumina's stock price significantly.
We note that Roche had made multiple efforts in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: Offense Kicks In

Posted: 25 Jan 2012 03:22 PM PST

Cusick’s Corner 01-25-2012
Offense is definitely on the field with all the offensive sectors, XLF, XLI, XLE, outperforming the broad market, SPY, and the Fed statement was what we expected — tight and nothing new. I mention 1225 as the mark that I want to see broken on the S&Ps, this would be a catalyst for the underinvested. Another catalyst was the weak Buck, UUP — I want to keep an eye on this weakness. See you Midday.
Stock market averages finished higher Wednesday after the Federal … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Omnicell’s G4 Reaches Middle East

Posted: 25 Jan 2012 03:20 PM PST

Omnicell, Inc. (NASDAQ:OMCL), a leading developer and marketer of end-to-end automation solutions for the medication-use process, will showcase its newly launched fourth-generation G4 solutions in the presence of 70,000 healthcare professionals at the Arab Health 2012 Congress and Exhibition, scheduled from January 23 to January 26.
Given the fact that very few hospitals have adopted medication control systems in the international market, Omnicell is presently working hard to establish its presence … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Genzyme And Veracyte Ink Deal

Posted: 25 Jan 2012 03:20 PM PST

Sanofi's (NYSE:SNY) subsidiary, Genzyme, recently announced that it has entered into a co-promotion agreement with Veracyte, Inc., to provide a personalized solution for thyroid patients.
As per the agreement, Genzyme will shoulder the commercialization responsibilities of Veracyte's Afirma Thyroid fine needle aspiration (FNA, a minimally invasive procedure in which suspected cells are extracted for test) analysis, which helps in competent thyroid nodule diagnosis. Genzyme will commercialize … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Blue Chip Earnings, Durable Goods In Focus

Posted: 25 Jan 2012 03:20 PM PST

01/25/12 Earnings from AT&T, Caterpillar and 3M will be released on Thursday. US economic data will also be closely watched: durable goods orders, jobless claims, new home … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bemis Marre By Lower Volumes

Posted: 25 Jan 2012 03:05 PM PST

Bemis Company Inc. (NYSE:BMS) reported fourth quarter 2011 adjusted earnings of 45 cents per share, an 8% drop from the 49 cents in the year-ago quarter. Results, however, outperformed the Zacks Consensus Estimate of 39 cents and the management's guidance of EPS in the range of 36 cents to 42 cents.
Unit volumes decreased in nearly every market category, adversely affecting the company's financial performance during the quarter.
Including charges related to acquisitions of 2 cents in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Agree Realty Acquires Asset

Posted: 25 Jan 2012 02:55 PM PST

Agree Realty Corporation (NYSE:ADC) announced that it has acquired a retail property, which is currently leased to National Tire & Battery in Madison, Alabama, for a total consideration of $2.3 million. The term of the lease is 25 years.
The company is currently focusing on potential ground lease and built-to-suit opportunities for retailers under long-term net leases, thereby providing them with a consistent source of income. The company's strategic move is expected to enhance and diversify … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

5 Stocks On My Watch List

Posted: 25 Jan 2012 02:54 PM PST

( click to enlarge ) 

I told you yesterday about Endologix, Inc.(NASDAQ:ELGX) and today the stock hit a high of $12.87 breaking through resistance and out of flag formation. Looks good to go here.

( click to enlarge ) 

Oclaro, Inc. (OCLR) has been on fire the past few weeks and it doesn't look like the trend will change soon. The stock broke a key resistance today, which should be the start of another upside move. I’m watching the stock again on Thursday and I will be a buyer once … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Neutral On Polo Ralph Lauren

Posted: 25 Jan 2012 02:50 PM PST

We retain our long-term Neutral recommendation on one of the world's leading designer, marketer and distributor of premium lifestyle products, Polo Ralph Lauren Corporation (NYSE:RL).
Our recommendation was backed by the company's strong second-quarter 2012 results, raised management guidance and the company's ongoing growth initiatives, offset by concerns regarding macroeconomic headwinds, stiff competition from other established retailers and currency fluctuation.
The premium U.S. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

MDT Advances In CoreValve US Trial

Posted: 25 Jan 2012 02:35 PM PST

Leading medical devices player, Medtronic (NYSE:MDT) has taken one step forward in its CoreValve US pivotal trial with completion of enrollment in the extreme risk category of patients.
The company has also received approval from the US Food and Drug Administration ("FDA") to continue enrolling extreme risk patients for further investigation under a Continued Access Study protocol. Medtronic is conducting another study with high risk patients, enrollment of which is scheduled for completion by … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: KLA-Tencor Corporation

Posted: 25 Jan 2012 02:35 PM PST

KLA-Tencor Corporation (NASDAQ:KLAC) is scheduled to report its second-quarter fiscal 2012 results on January 26, 2012.
Prior-Quarter Synopsis
KLA-Tencor's first-quarter earnings came in line with the Zacks Consensus Estimate. The quarter's results were impacted by a broad-based revenue decline, supported by a lower tax rate.
Revenue was down 10.8% sequentially, but up 16.7% year over year. The sequential decline was due to market softness, as well as significant order decline from the previous … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Novartis Drugs Backed By CHMP

Posted: 25 Jan 2012 02:30 PM PST

Novartis (NYSE:NVS) recently announced that the Committee for Medicinal Products for Human Use (CHMP) of the European Medicines Agency (EMA) rendered positive opinion for two of its drugs.
First, the CHMP gave a positive opinion to update the label of its marketed drug Gleevec for extended use of adjuvant treatment for three years in patients with KIT (CD117)-positive gastrointestinal stromal tumors (GIST) versus the standard one-year treatment currently approved.
Secondly, the CHMP issued a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

JAKKS Pacific Lowered To Underperform

Posted: 25 Jan 2012 02:30 PM PST

We have lowered our recommendation on JAKKS Pacific Inc. (NASDAQ:JAKK) to Underperform from Neutral. The downgrade was mainly due to a reduced sales and earnings outlook for fiscal 2011, as well as cost inflation and various production and shipment related issues.
The company slashed its sales and earnings outlook for fiscal 2011, owing to the tough retail sales environment amidst the crucial holiday season. The company's results were also unimpressive as it had to bear the brunt of increased … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Watson’s Impressive Prelim Results

Posted: 25 Jan 2012 02:30 PM PST

Watson Pharmaceuticals Inc. (NYSE:WPI) recently announced its preliminary results for the financial year 2011.
The company reported preliminary non-GAAP earnings of $4.75 – $4.77 per share, reflecting an increase of 39% over the year-ago figure and well above the Zacks Consensus Estimate of $4.62.
Sales from a generic version of Pfizer's (NYSE:PFE) cholesterol drug Lipitor contributed 64 cents to the earnings.
Watson Pharma reported preliminary revenues of $4.57 billion, up 28%. The figure is in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Varian’s TrueBeam Lands In India

Posted: 25 Jan 2012 02:30 PM PST

An elderly person afflicted with cancer became the first individual in India to receive therapy utilizing the accurate and speedy TrueBeam radiotherapy treatment system provided by Varian Medical Systems (NYSE:VAR). The treatment was provided at the Health Care Global ("HCG") facility in Ahmedabad.
The TrueBeam system is intended to treat cancer patients. The TrueBeam platform for image guided radiosurgery and radiotherapy is a totally integrated system designed to treat a moving target, like … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

One Rich Apple! Becomes Most Valuable Tech Company On Spectacular Earnings

Posted: 25 Jan 2012 09:30 AM PST

01/25/12 The tech world is in rally mode, led by Apple, as surging demand for its products led the way for profit to more than double. Apple broke sales products records and cemented its spot as the most valuable technology … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Still Mad As Hell And Not Gonna Take It Anymore….Open Thread

Posted: 25 Jan 2012 02:01 PM PST

Have you had just about enough?
What's that, you say?
You've had more than enough. You feel alone and disenfranchised while doing the best to navigate the economic landscape. You now finally appreciate that nobody is there to protect you.
You have a home here at Sense on Cents.  Let's navigate together.
In late 2009, I asked "What's Fueling America's Rage? and people responded in spades.
In mid-2011, Jim Garvin's message exploded across America that he was, "Mad as Hell … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Fed News Fuels Stock Rise

Posted: 25 Jan 2012 09:00 AM PST

01/25/12 Stocks rallied in the late afternoon, rising to an eight-month high, this after the Federal Reserve said it would likely keep interest rates low until late … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Macy’s Sues Martha Stewart

Posted: 25 Jan 2012 01:52 PM PST

Macy's Inc. (NYSE:M) did not welcome the licensing deal between J. C. Penney Company Inc. (NYSE:JCP) and Martha Stewart Living Omnimedia Inc. (NYSE:MSO) that took place in December 2011, and it went on to file a lawsuit in New York State Supreme Court against the latter for the breach of contract, the Associated Press reported.
Since 2007, Macy's has been selling an exclusive line of products by Martha Stewart under a five-year deal. Macy's now claims that Martha Stewart's agreement to sell … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Japan’s 1st Trade Deficit In 30 Years

Posted: 25 Jan 2012 01:52 PM PST

Japan registered a trade deficit of 2.49 trillion yen (or $32 billion) in 2011, according to its Ministry of Finance. This was Japan's first trade deficit since 1980. In fact, Japan continued to report annual trade surpluses even during the Asian financial crisis of the late 1990s as well as the global recession triggered by Lehman Brothers in 2008.
The current dip in its trade balance raises eyebrows, given Japan's export juggernaut of Toyota (NYSE:TM), Sony (NYSE:SNE) and others, as well as its … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

BJ’s Restaurants Upgraded

Posted: 25 Jan 2012 01:52 PM PST

We have recently upgraded our recommendation on BJ’s Restaurants Inc. (NASDAQ:BJRI) from Neutral to Outperform. The upgrade was based on solid same-store sales (comps), pricing power, menu innovation, unit expansion and a debt-free balance sheet.
BJ’s Restaurants has been exhibiting strong comps momentum for quite some time. All the operating regions of BJ's Restaurants' are showing positive restaurant comparable sales.
The company is consistently undertaking several sales building initiatives … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hibbett Poised To Outperform

Posted: 25 Jan 2012 01:52 PM PST

We are maintaining our long-term Outperform recommendation on Hibbett Sports Inc. (NASDAQ:HIBB) with a target price of $52.00, based on the company’s strong third-quarter 2012 results.
Moreover, the company has a Zacks #2 Rank, implying a short-term 'Buy' rating on the stock.
Driven by strong operational efficiencies and performances in active wear, footwear and licensed apparels, Hibbett's earnings for third-quarter 2012 surged approximately 34% to 59 cents per share. The quarterly earnings … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Time Warner Cable

Posted: 25 Jan 2012 01:43 PM PST

Time Warner Cable Inc. (NYSE:TWC) is slated to release its fourth quarter 2011 results on Thursday, January 26, before the opening bell. The current Zacks Consensus Estimate for the fourth quarter is pegged at $1.21, representing an annualized growth of 22.07%.
With respect to earnings surprises over the trailing four quarters, Time Warner Cable has outperformed the Zacks Consensus Estimate in two of the last four quarters. The average earnings surprise was positive 0.25%, implying that the … [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: 25 Jan 2012 01:43 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

Earnings Preview: Sherwin Williams

Posted: 25 Jan 2012 01:43 PM PST

Sherwin Williams Company (NYSE:SHW) is scheduled to report its fourth quarter and full-year 2011 results before the market opens on Thursday, January 26.
The Zacks Consensus Estimate for the quarter is 84 cents per share, representing a year-over-year increase of 16.54%.
With respect to earnings surprises, the company beat the Zacks Consensus Estimate in three of the trailing four quarters. This is reflected in the average earnings surprise of 6.58%, with positive surprises in three quarters and a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Another Day Of Surreality On Wall Street

Posted: 25 Jan 2012 01:41 PM PST

OK, let’s try and put this into terms that a fifth-grader (or even a Wall Street MBA) might understand.

If the economy is recovering — or even close to doing so — why is the Federal Reserve maintaining that short-term interest rates will remain “exceptionally low” until late-2014 — that is, below the levels that prevailed at the beginning (or even the middle) of every single recovery in the post-war era, as well as below their multi-decade median of five percent?

Why are investors piling … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Celgene

Posted: 25 Jan 2012 01:30 PM PST

Celgene Corporation (NASDAQ:CELG) is set to unveil its fourth quarter and full year 2011 results on January 26, 2012 before the start of trading. The Zacks Consensus Estimate for the fourth quarter is 95 cents (year-over-year increase of 53.2%) on revenues of $1,289 million (year-over-year increase of 20.9%).
For 2011, the Zacks Consensus Estimate is $3.33 (year-over-year increase of 38.2%) on revenues of $4,827 million (year-over-year increase of 33.3%).
Third Quarter Recap
Celgene's third … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

A Revolution In Higher Education Is Underway

Posted: 25 Jan 2012 01:25 PM PST

A few days ago, I reported on how MITx could revolutionize higher education by offering free online classes along with a new benefit: credentials. Beginning this spring, students will be able to take free, online courses from MIT, and if they prove they’ve learned the materi­al through an assessment, they can pay a fee and receive a certificate from MITx.  

In a related recent development, Felix Salmon and The Chronicle of Higher Education report this week that Stanford University … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Dover Reports Mixed Results

Posted: 25 Jan 2012 01:21 PM PST

Dover Corp. (NYSE:DOV) reported its fourth quarter 2011 earnings with an EPS of $1.07, outperforming the Zacks Consensus Estimate of $1.03. Results were 19% above the year-ago earnings.
Including the impact of a tax benefit of 5 cents per share and gains from discontinued operations of 37 cents, reported earnings came in at $1.49 per share, higher than $1.04 earned in the year-ago quarter.
Full year 2011 adjusted earnings were $4.26, lagging the Zacks Consensus Estimate of $4.45. Earnings improved … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

DaVita Upgraded To Outperform

Posted: 25 Jan 2012 01:21 PM PST

We have upgraded our recommendation on DaVita Inc. (NYSE:DVA) to Outperform from Neutral based on the company's strong cash flows and strategic acquisitions. The bundled ESRD payment system is also expected to be a long-term positive.
DaVita reported third-quarter 2011 operating earnings of $138.2 million or $1.45 per share, exceeding the Zacks Consensus Estimate by a penny. Results were also higher than the $119.5 million or $1.15 per share earned in the comparable quarter of 2010.
DaVita has … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Xerox Beats But Revenues Flat

Posted: 25 Jan 2012 01:11 PM PST

Xerox Corporation (NYSE:XRX) reported a 10.8% increase in profit (adjusted) to $462 million in the fourth quarter of 2011 from $417 million in the same quarter of 2010. On per share basis, profits (adjusted) improved 13.8% to 33 cents per share from 29 cents in the fourth quarter of 2010, exceeding the Zacks Consensus Estimate by a penny.
Revenues in the quarter were flat at $5.96 billion compared with $5.98 billion in the fourth quarter of 2010. It was lower than the Zacks Consensus Estimate of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Southern Co’s EPS Beats, Revs Miss

Posted: 25 Jan 2012 01:06 PM PST

Electric utility firm Southern Co. (NYSE:SO) reported mixed fourth quarter and fiscal 2011 results, attributable to industrial sector growth and lower operating costs, partially offset by weak residential and commercial sector performance.
Quarterly earnings per share (EPS) came in at 30 cents, beating the Zacks Consensus Estimate by a penny. Reported EPS also compared favorably with last year’s 18 cents
For the full year, Southern Co. reported earnings of $2.57 per share, surpassing our … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Few Bright Spots In AMD’s Q4

Posted: 25 Jan 2012 01:06 PM PST

Advanced Micro Devices (NYSE:AMD) reported fourth quarter loss of 10 cents a share, widely missing the Zacks Consensus Estimate of earnings of 16 cents. Investors clearly expected the company to be impacted by the conditions in the PC market, so shares lost just 2.91% in after-hours trading.
Revenue
AMD's revenues in the last quarter came in at $1.69 billion, flat sequentially and up 2.5% from the year-ago quarter. HDD shortage at Seagate (NASDAQ:STX) and Western Digital  (NYSE:WDC) threw the PC … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

MeadWestvaco Reports Weak Results

Posted: 25 Jan 2012 12:55 PM PST

MeadWestvaco (NYSE:MWV) has reported a net loss from continuing operations of $9 million or 5 cents per share in the fourth quarter of 2011, compared with 40 cents per share in the year ago quarter.
Excluding charges related to a spinoff of the Consumer and Office Products business, net earnings declined to $44 million or 26 cents per share from net earnings of $71 million or 41 cents per share. Adjusted earnings fell short of the Zacks Consensus Estimate of 29 cents per share.
The decline was due … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

CA Delivers Impressive 3Q

Posted: 25 Jan 2012 12:50 PM PST

CA Inc. (NASDAQ:CA) reported third quarter 2012 adjusted earnings per share (EPS) of 60 cents, well ahead of the Zacks Consensus Estimate of 51 cents.
Revenue
Total revenue in the reported quarter came in at $1.26 billion, up 10.4% from $1.14 billion in the year-ago quarter. Around 8 percentage points of this growth was organic, while the remaining came from acquisitions. Moreover, the company also witnessed a $20.0 million upside in perpetual sales associated with Enterprise Solution products, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Grainger Sales Top Records

Posted: 25 Jan 2012 12:50 PM PST

W.W. Grainger Inc. (NYSE:GWW) reported earnings of $2.13 per share for the fourth quarter 2011, exceeding the Zacks Consensus Estimate by 2 cents. The result was 19% above the year-ago earnings of $1.79. The improvement stemmed largely from strong sales across all segments.
Quarterly EPS excluded a 16 cent per share charge related to U.S branch closures and a gain on the sale of Grainger's 49% ownership in MRO Korea. Including these items, EPS in the quarter was $2.04. The prior-year  … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Covidien

Posted: 25 Jan 2012 12:40 PM PST

Health care products major Covidien plc (NYSE:COV) is scheduled to release its first-quarter fiscal 2012 results before trading begins on Thursday, January 26. Analysts polled by Zacks are currently looking for earnings per share of $1.03 on an average for the quarter. The current corresponding Zacks Consensus Estimate for sales is $2,909 million.
With respect to earnings surprises, Covidien has consistently outperformed the Zacks Consensus Estimate in the preceding four quarters and we expect … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Obama Deserves No Credit For The Oil And Gas Boom

Posted: 25 Jan 2012 12:28 PM PST

From Warren Meyer in Forbes (ht/Morganovich): 

“The one person who deserves no credit for this [oil and gas] boom is Barack Obama.  In fact, this Administration has bent over backwards to make oil and gas production and exploration as difficult as possible. According to the Institute for Energy Research (IER), the Obama Administration has been issuing BLM oil and gas leases at the lowest pace of any president in the last 30 years  – in fact at half the rate of the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: Apple Juices Up

Posted: 25 Jan 2012 12:27 PM PST

Cusick’s Corner 01-25-2012
After Apple’s (NASDAQ:AAPL) blowout earnings yesterday afternoon, I didn’t like the lack of any sustained move to the upside. Now we could say that we were waiting for the Fed, with resistance staying at 1315 on the S&Ps. I did watch the President’s speech last night and he made a statement about pushing more Nat Gas production, and after the volume on the move yesterday and the continuation to the upside today, UNG +6.5%, I am going to watch growing pressure on the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Zimmer Holdings

Posted: 25 Jan 2012 12:25 PM PST

Zimmer Holdings (NYSE:ZMH) is scheduled to release its fourth quarter and fiscal 2011 earnings on Thursday, January 26, 2012, before the market opens.
The company is expected to earn $1.34 per share on revenues of $1,160 million for the quarter and $4.78 on revenues of $4,448 million for the full year, according to the Zacks Consensus Estimate. For fiscal 2011, the company guidance stands at $4.75−$4.80 with revenue growth of 2.3−2.7% at constant exchange rates (CER).
With respect to earnings … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Rockwell Exceeds Estimates

Posted: 25 Jan 2012 12:25 PM PST

Rockwell Automation, Inc. (NYSE:ROK) reported an increase in profit to $183.3 million or $1.27 per share in the first quarter of fiscal 2012 from $150.1 million or $1.04 per share in the same quarter of prior fiscal year. The profits exceeded the Zacks Consensus Estimate by 6 cents per share.
Sales in the quarter grew 8% to $1.47 billion, which is lower than the Zacks Consensus Estimate of $1.52 billion. Acquisitions contributed 1 percentage point to the increase in sales while currency … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Rare Earths Breaking Downtrend To The Upside

Posted: 25 Jan 2012 12:21 PM PST

Years ago when Steve Jobs came up with the idea of personal computers for the masses he encountered opposition and discouragement to his vision.  Similarly, Gold Stock Trades has identified new concepts in the rare earths at a nascent state of development that will revolutionize the modern industrial world.

China recognized the potential and importance of the rare earth sector as an emerging concept.  This was in the 1980's!  The Chinese were aware even then that there will be … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Occidental Beats On Strong Sales

Posted: 25 Jan 2012 12:05 PM PST

Occidental Petroleum Corporation's (NYSE:OXY) fourth quarter 2011 operating earnings jumped 27.8% to $2.02 per share from $1.58 per share in the year-ago quarter. Earnings beat the Zacks Consensus expectation for the quarter by 6 cents.
GAAP net earnings during the quarter were $2.01 per share versus $1.49 per share reported in the year-ago quarter. The difference between operating and GAAP earnings of 1 cent was due to the loss from discontinued operations.
Occidental's adjusted earnings for … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Exelon Misses Both Numbers

Posted: 25 Jan 2012 11:55 AM PST

Exelon Corporation (NYSE:EXC) announced fourth-quarter 2011 operating earnings of 82 cents per share compared with 96 cents per share in the year-ago quarter. The results of the company missed the Zacks Consensus Estimate of 88 cents by 6 cents.
GAAP earnings of Exelon during the quarter were 91 cents, compared with 79 cents in the year-ago period.
In the reported quarter, the variation between operating and GAAP earnings was owing to the following one-time items: an impact of 3 cents for the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Boeing Tops On Higher Deliveries

Posted: 25 Jan 2012 11:50 AM PST

In the fourth quarter of 2011, The Boeing Company (NYSE:BA) soaring on higher deliveries of commercial airplanes posted strong numbers. In the reported quarter, the company posted operating EPS (excluding special items) of $1.32, beating both the Zacks Consensus Estimate of $1.02 and year-ago EPS of $1.06. The company's strong numbers came from higher commercial planes deliveries which more than offset a tepid quarter for defense.
On a reported basis, Boeing reported quarterly EPS of $1.84 per … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

GD Reports Mixed Numbers

Posted: 25 Jan 2012 11:35 AM PST

Defense and aerospace operator General Dynamics Corporation (NYSE:GD) announced fourth quarter and fiscal 2011 operating earnings. The company reported fourth quarter earnings of $2.20 per share, which surpassed the Zacks Consensus Estimate of $2.00. The results of the company were 29 cents ahead of the year-ago figure of $1.91 per share. Including charges of 52 cents per share ($189 million) related to the company's Switzerland-based aircraft-completions business, the company's GAAP EPS was … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Parsing The Fed Statement

Posted: 25 Jan 2012 11:20 AM PST

The Federal Reserve just wrapped up its first Open Market Committee meeting of the year, and as was widely expected, there was no change to the Fed Funds rate that has been locked in a 0-0.25% range since December 2008. Below I present both the current policy statement and the previous policy statement (12/13/11) with my commentary/translation interspersed.

“Information received since the Federal Open Market Committee met in December suggests that the economy has been expanding moderately, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Siemens Misses Estimates

Posted: 25 Jan 2012 11:20 AM PST

Siemens AG (SI) reported earnings per share from continuing operations of €1.53 ($1.89 per ADR) for the first quarter of fiscal 2012 compared with €2.07 per ADR in the year-ago quarter. Profitability was primarily impacted by project delays in some businesses, such as power transmission and rail systems, which led to significant charges. Quarterly earnings were well below the Zacks Consensus Estimate of $2.70 and were also lower year over year.  
Revenue
Revenue for the first quarter … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

St. Jude Beats, Charges Hurt Net

Posted: 25 Jan 2012 11:10 AM PST

St. Jude Medical's (NYSE:STJ) fourth quarter adjusted earnings per share of 86 cents topped the Zacks Consensus Estimate by a couple of cents and transcended the year-ago earnings of 75 cents.
The adjusted earnings exclude after-tax charges (of $102 million) related to the restructuring of certain activities at the company's Cardiac Rhythm Management ("CRM") division, costs related to impairment of intangibles and expenses associated with improvement of sales infrastructure. It also … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Caceres: “Seeing Some Overbought Indicators”

Posted: 25 Jan 2012 11:00 AM PST

01/25/12 Knight Capital America’s Fabian Caceres weighs in on equity market action, Apple’s earnings, FOMC policy and discusses key fundamental and technical … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Textron Zooms Past Estimates

Posted: 25 Jan 2012 10:55 AM PST

Diversified U.S. conglomerate, Textron Inc. (NYSE:TXT) announced strong fourth quarter 2011 adjusted earnings of 49 cents per share versus 33 cents in the year-ago quarter. The fourth quarterly result comfortably surpassed the Zacks Consensus Estimate of 34 cents. Higher numbers for the company were due to strong performance at Bell, continued improvement at Cessna, complemented by good performance in the Industrial business.
On a reported basis, Textron incurred a quarterly loss of 7 cents per … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hudson City Reports Loss

Posted: 25 Jan 2012 10:40 AM PST

Hudson City Bancorp Inc. (NASDAQ:HCBK) reported a fourth quarter 2011 net loss of 73 cents per share, reflecting the impact of the debt extinguishments that resulted in an after-tax charge of $416.8 million. The company had earned 25 cents per share in the year-ago period. The Zacks Consensus Estimate was a loss of 74 cents per share.
HudsonCity's operating earnings came in at 12 cents per share in the reported quarter compared with 25 cents in the year-ago quarter. The decrease reflects increased … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Loss Streak Continues For MGIC

Posted: 25 Jan 2012 10:40 AM PST

Higher claim costs coupled with lower premium written led mortgage insurer MGIC Investment Corp. (NYSE:MTG) report fourth quarter operating loss of $1.19 per share, substantially worse than the Zacks Consensus Estimate of a loss of 77 cents per share. Operating loss in the quarter also widened compared with a loss of 98 cents per share incurred in the prior-year quarter. The results reflect the repercussions that the company is still facing in relation to the U.S. housing market fiasco.
Total … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Allegheny Reports Solid Quarter

Posted: 25 Jan 2012 10:30 AM PST

Allegheny Technologies Inc. (NYSE:ATI) reported earnings of 31 cents per share in the fourth quarter of 2011, excluding non-recurring charges, and substantially increasing by 107% from 15 cents per share in the fourth quarter of 2010. However, it missed the Zacks Consensus Estimate of 54 cents per share.
Including the restructuring and Ladish acquisition expenses, earnings in the fourth quarter of 2011 came in at 29 cents per share.
For full-year 2011, the company reported earnings of $2.23 per … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

United Technologies Beats; Outlook Positive

Posted: 25 Jan 2012 10:30 AM PST

United Technologies Corp. (UTX) reported fourth-quarter earnings per share from continuing operations of $1.47; EPS was a penny above the Zacks Consensus Estimate and is up 12% year over year.
Total revenue for the quarter was almost flat year over year increasing marginally by 1% year over year to $15.0 billion, including organic growth of 2% and 1% favorable impact from divestitures. Revenue was in line with the Zacks Consensus Estimate.
New equipment orders at Otis were up 2% over the year … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Yahoo Has Moderate Q4

Posted: 25 Jan 2012 10:20 AM PST

Yahoo! Inc. (NASDAQ:YHOO) reported fourth quarter non-GAAP earnings that beat the Zacks Consensus Estimate by a couple of cents. The 18.7% sequential increase and 1.9% year-over-year decline were better than what most investors were expecting. Yahoo shares did not respond much however, losing 0.89% after the company reported.
Revenue
Yahoo reported GAAP revenue of $1.32 billion, which was up 8.8% sequentially and down 13.2% year over year. TAC costs increased 7.2% sequentially but dropped 51.4% from … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

ADP Matches Estimates In 2Q

Posted: 25 Jan 2012 10:20 AM PST

Automatic Data Processing Inc. (NYSE:ADP) reported second quarter 2012 earnings of 68 cents per share, in line with the Zacks Consensus Estimate. Earnings per share increased 9.7% year over year on the back of strong revenue growth.
Revenue
Revenues increased 7.4% year over year to $2.58 billion and was in line with the Zacks Consensus Estimate. Organic growth was 6.0% in the quarter. The better-than-expected result was driven by strong new business sales, improving client retention and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Reasons To Stay Interested In SNWV

Posted: 25 Jan 2012 10:05 AM PST

Reasons To Stay Interested in SNWV

Brian Marckx, CFA

We met with SANUWAVE’s (SNWV) management at the J.P. Morgan Healthcare conference in San Francisco earlier this month and were encouraged by their steadfast belief in the ultimate success of dermaPACE.  This is despite the disappointing announcement in December that the FDA issued a major deficiency letter, rejecting approval of the device.  As a reminder, the FDA letter cites the failure of dermaPACE to meet the primary endpoint … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Yen & Euro Can’t Hold Ground Versus Dollar

Posted: 25 Jan 2012 04:45 AM PST

01/25/12 The US dollar continues to strengthen against the euro this afternoon, and the yen is also seeing sharp declines after Japan posted its first annual trade deficit since … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For ETF Trading On Thursday, January 26, 2012

Posted: 25 Jan 2012 04:02 AM PST

By ForexMansion.com

The Trend Trader for ETFs
For Trading On Thursday, January 26, 2012

The top 40 ETFs by net assets
In alphabetical order by symbol

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AGG – iShares Lehman Aggregate Bd Fd
110.14
+ 0.15
109.99
110.21

Neutral

BND – Vanguard Total Bond Market ETF
83.53
+ 0.29
83.38
83.48

Bullish

DBC – DB Commodity Index Tracking Fd
28.01
+ 0.83
27.74
27.42

Bullish

DIA – SPDR DJ Industrial Average … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For Forex Trading On Thursday, January 26, 2012

Posted: 25 Jan 2012 04:02 AM PST

By ForexMansion.com

The Trend Trader for Forex
For Trading On Thursday, January 26, 2012

THE BIG SIX

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AUDUSD – Aust Dollar / US Dollar
1.0596
+ 0.99
1.0518
1.0408

Bullish

EURUSD – Euro / US Dollar
1.3105
+ 0.53
1.3017
1.2848

Bullish

GBPUSD – British Pound / US Dollar
1.5656
+ 0.20
1.5592
1.5476

Bullish

USDCAD – US Dollar / Canadian Dollar
1.0044
− 0.45
1.0091
1.0148

Bearish

USDCHF – US Dollar / … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For Stock Trading On Thursday, January 26, 2012

Posted: 25 Jan 2012 04:02 AM PST

By ForexMansion.com

The Trend Trader for the Dow 30 Stocks
For Trading On Thursday, January 26, 2012

In alphabetical order by symbol

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AA – Alcoa Inc
10.48
+ 2.04
10.27
10.03

Bullish

AXP – American Express Company
50.17
+ 1.91
49.66
49.96

Bullish

BA – Boeing Co
75.82
+ 0.61
75.35
75.43

Bullish

BAC – Bank of America Corporation
7.35
+ 0.82
7.26
6.93

Bullish

CAT – Caterpillar Inc
109.05
+ … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For Futures Trading On Thursday, January 26, 2012

Posted: 25 Jan 2012 04:02 AM PST

By ForexMansion.com

The Trend Trader for Futures
For Trading On Thursday, January 26, 2012

INDICES

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

S&P 500 – Mar ESH2
1320.25
+ 0.67
1311.89
1301.25

Bullish

Dow Jones – Mar YMH2
12688
+ 0.49
12638
12550

Bullish

Nasdaq – Mar NQH2
2460.50
+ 0.94
2441.22
2412.92

Bullish

Russell – Mar TFH2
794.20
+ 1.00
784.96
775.97

Bullish

INTEREST RATES

US T-Bond – Mar ZBH2
141-25
+ … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

GASX, PLTM

Posted: 24 Jan 2012 11:50 PM PST

Weekly update on the Direxion Daily Natural Gas Related Bear 3x Shares Fund and the First Trust ISE Global Platinum Index … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Peering Through Exxon’s Looking Glass

Posted: 24 Jan 2012 10:00 PM PST

The emerging world will push global energy demand 30 percent higher by 2040, according to ExxonMobil's Outlook for Energy: A View to 2040. The report contains some interesting projections on what may be in store for the energy sector in the coming decades.
The global population is expected to reach a staggering 9 billion over the same period, but it isn't population growth that will drive the increase in energy demand. Instead, rising affluence and higher living standards in regions such as … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
at

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