Tuesday, January 24, 2012

DailyMarkets.com - Forex Trading: AUDJPY Approaching LT Resistance

DailyMarkets.com - Forex Trading: AUDJPY Approaching LT Resistance

Forex Trading: AUDJPY Approaching LT Resistance

Posted: 24 Jan 2012 05:18 PM PST

The risk appetite to start the new year seems to be intact (despite a weaker start to the week for equities) , coupled with a Yen sell off yesterday has the AUDJPY approaching trendline resistance in a quickly closing wedge, as it has met some resistance at the 200 day mavg. A confirmed break to the upside could retest the April highs in the first half of the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Facebook Timeline To Descend Upon All Users

Posted: 24 Jan 2012 03:58 PM PST

01/24/12 Facebook has begun rolling out its Timeline profile for all of its users. Timeline will become the default interface for over 800 million … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Nokia

Posted: 24 Jan 2012 03:56 PM PST

Nokia Corporation (NYSE:NOK), the world's largest mobile phone maker, 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 a loss of 6 cents, representing annualized negative growth of 78.7%.
With respect to earnings surprises over the trailing four quarters, Nokia has outperformed the Zacks Consensus Estimate in all the four quarters. The average earnings surprise was a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Agree Realty Issues Public Offering

Posted: 24 Jan 2012 03:51 PM PST

Agree Realty Corporation. (NYSE:ADC) recently announced that it has issued a public offering of 1 million shares of its common stock. In a bid to cover over allotments, the company will also provide a 30-day option to the underwriters for purchasing an additional 150,000 shares.
The financial proceeds generated from the transaction will be utilized by the company to repay a portion of the outstanding debt under its $85 million credit facility, to fund development activity and accretive … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forest Oil Kept At Neutral

Posted: 24 Jan 2012 03:37 PM PST

We are maintaining our Neutral recommendation on Forest Oil Corporation (NYSE:FST), reflecting its strong asset base and revised production outlook, partially offset by gas price volatility.
Denver-based Forest Oil is an independent oil and gas company engaged in the acquisition, exploration, production and development of oil and gas properties in North America. The company has been streamlining its portfolio in the recent past, through asset acquisitions as well as divestitures.
Forest Oil has … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Medicines Co. Settles With APP

Posted: 24 Jan 2012 03:37 PM PST

The Medicines Company (NASDAQ:MDCO) recently entered into an agreement with APP Pharmaceuticals regarding generic versions of The Medicines Company's lead product, Angiomax.
Angiomax (bivalirudin), which was acquired from Biogen Idec, Inc. (NASDAQ:BIIB) in 1996, is used as an anticoagulant in patients undergoing coronary angioplasty. Angiomax is the company's lead product, accounting for 99.8% of total revenues in 2010.
APP admitted that the two patents challenged by it are valid and enforceable and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

UNH Reiterated At Outperform

Posted: 24 Jan 2012 03:25 PM PST

We reiterate our Outperform recommendation on UnitedHealth Group Inc.'s (NYSE:UNH) shares, to reflect our continued favoritism towards the stock as it again beat the fourth quarter earnings estimates. UnitedHealth posted earnings of $1.17 per share, substantially higher than the Zacks Consensus Estimate of $1.02 per share.
Earnings also compared favorably with 94 cents per share reported in the prior-year quarter. The outperformance was driven by strong revenue growth from UnitedHealthcare, as … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: Apple Rolls

Posted: 24 Jan 2012 03:24 PM PST

Cusick’s Corner 01-24-2012
I want to apologize for not getting the Midday out on time — it was posted to the blog. Right now we are watching the market’s reaction to AAPL, a huge beat on earnings, the NASDAQ jumped to +18, 2452.50. At the time that I am writing this Corner, AAPL has not resumed trading but needless to say that this should probably influence the market in the overnight and early in tomorrow’s session. This is one of the “tells” for the bulls, and could be the catalyst for the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

FOMC, Housing, Earnings On Midweek Agenda

Posted: 24 Jan 2012 03:20 PM PST

01/24/12 The FOMC rate decision and Bernanke’s press conference will be in the spotlight. US housing data and earnings reports are slated for … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Synopsys Strengthens VIP Portfolio

Posted: 24 Jan 2012 03:15 PM PST

Synopsys Inc. (NASDAQ:SNPS) recently completed the acquisition of privately-held software maker ExpertIO Inc. Financial terms of the deal were kept confidential.
ExpertIO is an independent provider of Verification Internet Protocol (VIP) for storage devices. It specializes in software that is required for testing and debugging electronics in storage and networking devices. ExpertIO had been a technology partner to Synopsys for a long time.
Synopsys makes software that is used to test and develop … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Positive News For Biogen & Elan

Posted: 24 Jan 2012 03:06 PM PST

Biogen Idec (NASDAQ:BIIB) and Elan Corporation, plc (NYSE:ELN) recently announced that the US Food and Drug Administration (FDA) has approved a label change for Tysabri. As per the updated label, anti-JC virus antibody status is a risk factor for developing progressive multifocal leukoencephalopathy (PML), a rare and life threatening brain infection. This step will enable doctors to assess the patients' risk benefit matrix better.
Tysabri is approved in the US for relapsing forms of multiple … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Symantec

Posted: 24 Jan 2012 02:50 PM PST

Symantec Corp. (NASDAQ:SYMC) is scheduled to announce its third quarter fiscal 2012 results on January 25, 2012, and we see slight variation in the analysts' estimates at this point.
Second Quarter Recap
Symantec reported encouraging second quarter 2012 results, with earnings per share of 39 cents beating the Zacks Consensus Estimate by 5 cents.
Symantec reported second quarter revenue of $1.68 billion, up 14.0% year over year from $1.48 billion. However, reported revenue improved 9.0% on a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

National Retail Declares Dividend

Posted: 24 Jan 2012 02:40 PM PST

National Retail Properties, Inc. (NYSE:NNN), a publicly owned equity real estate investment trust (REIT), has recently declared a first quarter 2012 dividend of 38.5 cents per share or $1.54 on an annualized basis. The dividend is payable on February 15, 2012 to shareholders of record as on January 31, 2012.
The company has been paying uninterrupted annual dividends for the last 22 years. A steady dividend payout facilitates the long-term strategy of National Retail to provide attractive … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Newell Rubbermaid

Posted: 24 Jan 2012 02:30 PM PST

Global manufacturer and marketer of consumer and commercial products, Newell Rubbermaid Inc. (NYSE:NWL) will be reporting its fourth-quarter and fiscal 2011 earnings on Friday, January 27, 2012.
The current Zacks Consensus earnings per share (EPS) estimate is 38 cents, representing an annualized growth of 11.27%. The Zacks Consensus Estimate for full-year 2011 stands at $1.57 per share, indicating a year-over-year growth of 3.34% and falling within the company's guidance range of $1.55 to $1.62 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Dendreon Stays Neutral

Posted: 24 Jan 2012 02:20 PM PST

We have maintained a Neutral rating on Dendreon Corporation (NASDAQ:DNDN) with a target price of $14.00 following the announcement of impressive preliminary revenue for Dendreon's prostate cancer vaccine Provenge.
Dendreon pre-announced fourth quarter Provenge revenue of $82.0 million, up 25% sequentially and in utter contradiction to management's guidance of only modest revenue growth in the quarter. For the full year 2011, Dendreon reported Provenge revenue of $228 million.
Dendreon faced … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: Market Rests

Posted: 24 Jan 2012 02:18 PM PST

Cusick’s Corner 01-24-2012
The market continues to grind in a tight, consolidating range which is understandable after a huge move up, S&Ps up over 4.5% in Jan, so taking a rest makes sense. There is also a mixed bag of earnings and global and domestic data. Technically the trend in the short and medium term is up, but this week’s Fed meeting and the impending decision on Greece will continue to weigh on the psyche of the market until there is some sort of clarity. Not to sound like a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Good News For Bayer/JNJ

Posted: 24 Jan 2012 02:05 PM PST

Encouraging news flowed in at Bayer (BAYRY) from Japan when the regulatory authorities of the country cleared the company's potential blockbuster blood thinner Xarelto for stroke prevention in patients with non-valvular atrial fibrillation (SPAF).
Atrial fibrillation is the most common form of cardiac rhythm disorder. The blood thinner is already approved in the US (November 2011) and the EU (December 2011) for the SPAF indication.
Bayer's healthcare division has co-developed Xarelto with … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Delta Air Lines

Posted: 24 Jan 2012 02:05 PM PST

Delta Air Lines Inc. (NYSE:DAL), the second largest U.S. airline, is slated to release its fourth quarter and fiscal 2011 earnings on January 25. The current Zacks Consensus Estimate is pegged at 37 cents for the fourth quarter, representing a massive year-over-year increase of 96.05% while for fiscal 2011, it stands at $1.33, representing a substantial decrease of 22.17% from the prior year.
With respect to surprises, Delta posted a 0.76% average negative earnings surprise over the trailing four … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Difference Of Opinion

Posted: 24 Jan 2012 02:04 PM PST

Looks like some of the powers-that-be have not had their regular rations of economic Kool-Aid:
“Global Bosses Are Gloomy About the Economic Future” (BBC News)
Companies around the world are getting gloomier about the economic future again, according to an annual survey of global chief executives.
Nearly half of bosses interviewed by accounting firm PricewaterhouseCoopers are forecasting that the global economy will decline this year.
The number of business leaders that are “very confident” … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Kimco Acquires Two Shopping Centers

Posted: 24 Jan 2012 02:00 PM PST

Kimco Realty Corp. (NYSE:KIM) recently announced the acquisition of Woodbridge Shopping Center in Sugar Land, Texas and Bell Camino in Sun City, for $17.4 million, including $4.2 million of mortgage debt.
Woodbridge is a grocery-anchored shopping center, which is 96% occupied. The property spans approximately 97,000 square feet and comprises a wide range of restaurants, wellness, personal and professional services, as well as shopping. On the other hand, Bell Camino is a grocery-anchored shopping … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stocks End Rally On Greece Worries

Posted: 24 Jan 2012 09:00 AM PST

01/24/12 NYFP’s Closing Bell Report: The recent Dow rally has officially ended after the Dow was in the red on stalled debt restructuring talks in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

More Gains For U.S. Manufacturing

Posted: 24 Jan 2012 01:58 PM PST

From this morning’s report on manufacturing activity in the Richmond Fed district (Virginia, most of W. Virginia, North and South Carolina and Maryland):

“In January, the seasonally adjusted composite index of manufacturing activity—our broadest measure of manufacturing—increased nine points to 12 from December's reading of 3. Among the index's components, shipments gained fourteen points to 17 and new orders doubled, picking up seven points to finish at 14. The jobs index picked up … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Under Armour

Posted: 24 Jan 2012 01:38 PM PST

Under Armour Inc. (NYSE:UA), one of the leading developers, marketers and distributors of branded sports apparel, footwear and accessories, is slated to report its fourth-quarter 2011 financial results on January 26, 2012. The current Zacks Consensus Estimate for the quarter is 60 cents per share. Revenue as per the Zacks Consensus Estimate is $402 million.
Third-Quarter 2011, a Synopsis
Under Armour posted better-than-expected third-quarter 2011 results. The quarterly earnings of 88 cents per … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Anti-Obesity Ads Face Pushback

Posted: 24 Jan 2012 01:25 PM PST

With claims that junk foods are detrimental to health and can cause Type 2 Diabetes, the Anti-Obesity campaign seems to have irked beverage companies and food chains. In retaliation, the food bigs are now claiming that the campaign's ads are misleading.
The controversy revolves around an advertisement in subways of cities in the U.S. The ad portrays a man suffering from diabetes who had to get one of his legs amputated sitting near a soda drink displaying the growing size of soda portions. It … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Watson Buys Ascent Pharmahealth

Posted: 24 Jan 2012 01:20 PM PST

Watson Pharmaceuticals Inc. (NYSE:WPI) recently announced the acquisition of Australia-based Ascent Pharmahealth Ltd. for AU$375 million (about US$393 million) in cash. Ascent Pharmahealth is the Australian and Southeast Asian generic pharmaceutical wing of Strides Arcolab Ltd. This transaction, which was signed and closed immediately, is expected to be accretive to 2012 non-GAAP earnings.
We note that with this acquisition, Watson Pharma became the fifth largest generic pharmaceutical company in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: ITT Educational

Posted: 24 Jan 2012 01:12 PM PST

ITT Educational Services Inc. (NYSE:ESI), one of the leading providers of technology-based post-secondary degree programs in the U.S., is scheduled to report its fourth-quarter 2011 financial results before the opening bell on January 26, 2012. The current Zacks Consensus Estimates for the quarter is earnings of $2.31 a share. Revenue is expected to be $358 million, according to the Zacks Consensus Estimate.
Third-Quarter 2011, a Synopsis
ITT Educational’s third-quarter 2011 earnings of $2.48 per … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Air Products Reports Mixed Results

Posted: 24 Jan 2012 01:05 PM PST

Air Products & Chemicals Inc. (NYSE:APD) reported first-quarter 2012 EPS of $1.36 versus $1.35 in the year-earlier quarter, in line with the Zacks Consensus Estimate of $1.36.
Net sales amounted to $2.4 billion, up 1% year over year, but down 7% sequentially. The increase was due to higher prices in Merchant Gases and Performance Materials. However, the results were below the Zacks Consensus Estimate of $2.5 billion.
Higher volumes from new plants in Tonnage Gases were offset by lower … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Edison Pinnacle Wind Farm Goes Live

Posted: 24 Jan 2012 12:50 PM PST

Edison Mission Group ("EMG"), an Edison International (NYSE:EIX) subsidiary, has initiated commercial operation of the 55 megawatts Pinnacle Wind Farm situated at NewPage on Green Mountain, near the Maryland-West Virginia border.
The wind farm comprises 23 wind turbines and has the capacity to generate enough electricity that would fulfill the needs of about 14,000 homes. The company plans to sell two-thirds of the power generated to Maryland Department of General Services ("DGS") and the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Amazing YouTube Stats

Posted: 24 Jan 2012 12:43 PM PST

Uploads to YouTube:

One hour of video every second.

9 months every two hours.

A decade every day.

A century every 10 days.

YouTube Views per day:

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

Earnings Preview: SanDisk Corp.

Posted: 24 Jan 2012 12:36 PM PST

SanDisk Corp. (NASDAQ:SNDK) is scheduled to announce its fourth quarter fiscal 2011 results on January 25, 2012 after market close, and we do not see any variation in the analysts' estimates at this point.
Looking Back
SanDisk posted impressive third quarter 2011 earnings of $1.10 per share, handily beating the Zacks Consensus Estimate by 13 cents. The improved earnings were attributable to strong revenue growth. Increasing demand for SanDisk's flash memory products in the emerging markets, as … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Baxter

Posted: 24 Jan 2012 12:20 PM PST

Baxter International (NYSE:BAX) is slated to report its fourth-quarter 2011 results on Thursday, January 26. The current Zacks Consensus Estimate for the quarter is $1.16, representing an estimated 4.92% annualized increase. 
Third Quarter Recap
Baxter reported third quarter adjusted (excluding one-time items) earnings per share of $1.09, just beating the Zacks Consensus Estimate of $1.08, and surpassing the year-ago earnings of $1.01. Reported net income increased to $576 million (or $1.01 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Entergy Guides In Line, Misses Y/Y

Posted: 24 Jan 2012 12:05 PM PST

Integrated energy company Entergy Corporation (NYSE:ETR) provided fourth-quarter 2011 preliminary earnings expectation of 86 cents per share on a reported basis and operational earnings of nearly 93 cents per share.
Entergy is slated to release its fourth-quarter 2011 numbers on January 31, 2012. The guidance of the company is 2 cents higher than the Zacks Consensus expectation of 91 cents per share. The guidance reflects a 39-cent decrease from the year-ago quarterly earnings of $1.30 on an … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Sonoco Cuts Outlook On Weak Demand

Posted: 24 Jan 2012 11:55 AM PST

Sonoco Products Co. (NYSE:SON) has tweaked its fourth quarter and fiscal 2011 expectations  blaming it on an unexpected drop in demand in its Tubes and Cores/Paper segment and a higher effective tax rate. The company is scheduled to announce its fourth-quarter results on February 9.
Sonoco now sees fourth quarter 2011 EPS in the range of 45 cents to 47 cents, down from the prior range of 59 cents to 63 cents. The current estimate reflects a year-over-year decline in the band of 20% to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

BPP@MIT Data Show Inflation Slowing At Year-End

Posted: 24 Jan 2012 11:54 AM PST

The charts above shows monthly and annual inflation rates from the Billion Prices Project @ MIT over the 12-month period ending at the end of December.  According to the BPP website, the index is “designed to provide real-time information on major inflation trends, not to forecast official inflation announcements. We are constantly adding new categories of goods, but we do not cover 100% of CPI goods and services. The price of services, in particular, are not easy to find online and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Analyst Interviews: Chemical Industry Stock Outlook

Posted: 24 Jan 2012 11:40 AM PST

Chemicals are generally used to make a wide variety of consumer goods and are also in the agriculture, manufacturing, construction and service industries. The chemical industry itself consumes 26% of its own output. Major industrial customers include rubber and plastic products, textiles, apparel, petroleum refining, pulp and paper, and primary metals.

The chemical industry has shown rapid growth for more than fifty years. The fastest-growing areas have involved the manufacture of synthetic … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

EMC Beats On Strong Revenues

Posted: 24 Jan 2012 11:40 AM PST

EMC Corp. (NYSE:EMC) reported fourth quarter 2011 earnings per share (EPS) of 42 cents, up 16.1% year over year and ahead of the Zacks Consensus Estimate by a couple of cents. EPS (excluding stock-based compensation, restructuring charges and intangible asset amortization) was 49 cents, up 16.7% year over year from 42 cents in the year-ago quarter.
The better-than-expected results were driven by robust growth in the top line during the quarter arising from the strong demand for EMC products … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Varian Medical

Posted: 24 Jan 2012 11:35 AM PST

Varian Medical Systems (NYSE:VAR) is slated to report first-quarter fiscal 2012 results on Wednesday, January 25. The current Zacks Consensus Estimate for the first quarter is 76 cents, representing an estimated year-over-year decrease of 4.81%.
Fourth Quarter Recap
Varian reported fourth quarter earnings per share from continuing operations of 95 cents, missing the Zacks Consensus Estimate by a couple of cents while surpassing the corresponding year-ago earnings of 87 cents.
Varian's top line … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Travelers Lags EPS, Beats On Rev.

Posted: 24 Jan 2012 11:25 AM PST

The Travelers Companies (NYSE:TRV) reported operating earnings of $1.48 per share in the fourth quarter, lagging the Zacks Consensus Estimate of $1.52 per share. Results were far behind earnings of $1.89 in the prior-year quarter. Operating income was $609 million, comparing unfavorably with $864 million in the fourth quarter of 2010.
The decline was primarily due to lower net investment income and lower underwriting gains stemming form lower net favorable prior-year reserve development.
Including … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Regions Financial Profits, Tops

Posted: 24 Jan 2012 11:25 AM PST

Regions Financial Corporation's (NYSE:RF) fourth-quarter 2011 earnings from continuing operations came in at 9 cents per share, outshining the Zacks Consensus Estimate by 2 cents. Moreover, results compared favorably with 7 cents per share reported in the prior quarter and 1 cent reported in prior-year quarter.
Quarterly results benefited from improved net interest margin and better credit quality backed by lower loan loss provisions and reduced non-performing assets. Reported quarter … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD Up And Down. USDJPY Moves To New Month Highs

Posted: 24 Jan 2012 11:20 AM PST

Otto: “FOMC…traders Looking For Transparency”

Posted: 24 Jan 2012 11:10 AM PST

01/24/12 Knight Capital America’s Mark Otto weighs in on today’s trading action, Greece’s debt negotiations and tomorrow’s FOMC rate decision. The near-term outlook for the equity markets and global growth are also … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

North Dakota Oil Fuels Continued Job Growth

Posted: 24 Jan 2012 11:08 AM PST

The state of North Dakota continued to lead the country in December with: a) the lowest state jobless rate at 3.3%, and b) the highest annual rate of employment growth in December at 5.7% (CLR) the largest landholder in the Bakken Shale oil and gas play in parts of North Dakota, Montana and Canada. Continental generated almost 63 cents of profit for every dollar of sales last year, topping IBD’s Screen of the Day for Monday, which ranks firms by that key metric.  Northern Oil … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Amiket, Another Key Value Driver For EpiCept

Posted: 24 Jan 2012 11:06 AM PST

Amiket, Another Key Value Driver for EpiCept
Grant Zeng, CFA

Clear Regulatory Pathway of Amiket Identified

On January 24, 2012, EpiCept Corporation (EPCT) received further encouraging guidance for the Phase III clinical and nonclinical development and subsequent New Drug Application (NDA) filing of AmiKet™ in the treatment of chemotherapy- induced peripheral neuropathy (CIPN) based on the issuance of the final minutes of the Company’s meeting with the FDA in December 2011.

AmiKet™ is a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Hess

Posted: 24 Jan 2012 11:06 AM PST

The world's largest oilfield services provider Hess Corporation (NYSE:HES) is scheduled to report its fourth quarter and full year 2011 results on January 25, 2012, before the opening bell.
The Zacks Consensus Estimate for the to-be-reported quarter is a profit of $1.34 per share on revenues of $9.2 billion. For the full year, our earnings per share projection is $6.06 on revenues of $36.7 billion.
Third Quarter 2011 Recap
Hess' third-quarter 2011 results were lower than expected with earnings … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Waters Outperforms Q4 Estimate

Posted: 24 Jan 2012 10:55 AM PST

Waters Corporation (NYSE:WAT) released its fourth-quarter 2011 earnings before the market opens today, reporting earnings per share from continuing operations of $1.52, slightly above the Zacks Consensus Estimate of $1.50. Earnings in the quarter increased from $1.36 in the fourth quarter of 2010.
For 2011, earnings per share from continuing operations came in at $4.68, below the Zacks Consensus Estimate of $4.75 and above the prior-year earnings of $4.06.
Revenue
On the top line, Waters reported … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

TI Beats But Guides Below Estimates

Posted: 24 Jan 2012 10:55 AM PST

Texas Instruments (NYSE:TXN) reported fourth quarter earnings that were down 25.8% sequentially and 31.4% year over year. However, given that the Zacks Consensus Estimate has shrunk 16 cents since the company announced its third quarter results, adjusted earnings managed to exceed the estimate by 25.6%. Shares appreciated 3.6% in after-hours trading.
On December 8, TI lowered earnings expectations from 32 cents to 23 cents citing weak demand across most end markets.
Revenue
TI reported revenue of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Strong Quarter From PetMed

Posted: 24 Jan 2012 10:55 AM PST

America's largest pet pharmacy, PetMed Express (NASDAQ:PETS) reported an EPS of 19 cents for the third quarter of fiscal 2012, a penny lower than the year-ago quarter but well ahead of the Zacks Consensus Estimate of 16 cents. Net sales of PetMed increased 12% year over year to $50.5 million, surpassing the Zacks Consensus Estimate of $45 million. An impressive quarter from the company led to an 11% rise in the stock price to close at $12.51 on Monday.
The company added 150,000 new customers … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

A Venti Beer? Starbucks To Expand Evening Menu

Posted: 24 Jan 2012 05:50 AM PST

01/24/12 After a promising test run, Starbucks Corp. announced that it will expand its evening menu to other cities. Therefore meaning that hot food, cheeses, and even happy hour wine and beer choices will be made … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Kimberly-Clark Lags Estimates

Posted: 24 Jan 2012 10:35 AM PST

Kimberly-Clark Corporation (NYSE:KMB) has reported adjusted earnings of $1.28 per share in the fourth quarter 2011 and $4.80 per share in the fiscal year 2011. The adjusted earnings increased 7% from the prior-year fourth quarter 2010 earnings, while it 2.6% from fiscal year 2010. However, the results lagged the Zacks Consensus Estimate of $1.29 per share and $4.82 per share, respectively.

The adjusted earnings in the fourth quarter and fiscal year of 2011 exclude the adjustment for charges … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: St. Jude

Posted: 24 Jan 2012 10:35 AM PST

Medical devices major St. Jude (NYSE:STJ) is slated to reveal its fourth quarter and fiscal 2011 results before the opening bell on Wednesday, January 25. The Minnesota-based company, on January 9, reported preliminary sales for the fourth quarter. St. Jude expects to post revenues of $1.4 billion for the quarter, up 4% (3% in constant currency) year over year, in line with the Zacks Consensus Estimate.
Per the preliminary data, revenues from the Cardiac Rhythm Management ("CRM") division, St. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: McCormick

Posted: 24 Jan 2012 10:20 AM PST

McCormick & Co. Inc. (MKC) is scheduled to announce its fourth quarter and fiscal year 2011 results on January 26, 2012 and we don't see any major estimate revisions at this point. Currently, the Zacks Consensus Estimate for the fourth quarter is 97 cents per share and $2.78 per share for the fiscal year 2011.
Third Quarter Overview
McCormick's third-quarter 2011 operating earnings of 69 cents a share surpassed the Zacks Consensus Estimate by 6.2%. However, the reported quarter's … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

AK Steel Beats Zacks Consensus (revised)

Posted: 24 Jan 2012 10:15 AM PST

AK Steel Holding Corporation (NYSE:AKS) posted its fourth-quarter 2011 results, delivering a net loss of $193.9 million or $1.76 compared with a net loss of $98.3 million or $0.89 during the year-ago quarter.

Fourth-quarter 2011 results include a non-cash pre-tax pension corridor charge of $268.1 million, or $1.50 per share. Excluding this amount, the company’s adjusted net loss for the fourth quarter of 2011 was $28.0 million, or $0.26 per share. Results beat the Zacks Consensus Estimate loss of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hilltop Down To Neutral

Posted: 24 Jan 2012 10:05 AM PST

We have downgraded our recommendation on Hilltop Holdings Inc. (NYSE:HTH) to Neutral from Outperform based on weak global cues, amid which expenses and cash outflow are expected to remain elevated. However, a sound capital position along with a risk-free balance sheet has also paved way for resumption of share buybacks.
Hilltop broke even in the third quarter of 2011 against the loss of 13 cents in the year-ago quarter and the Zacks Consensus Estimate of a loss of 22 cents per share. Net income … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Dollar Improves, Euro Steady

Posted: 24 Jan 2012 05:00 AM PST

01/24/12 A setback in Greek debt restructuring talks helped keep the euro steady earlier in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

ATR Presents Obama/State Of The Union Bingo

Posted: 24 Jan 2012 09:45 AM PST

Americans for Tax Reform (ATR) once again presents these handy Bingo cards (see sample above, there are four other versions available) which you may use to check off terms and phrases likely to be used during President Obama’s State of the Union address tonight.
 
ATR also provides a handy key for what the terms and phrases really mean, here’s a sample:

Investment – Spending taxpayer money on Obama re-election constituencies such as government employee unions, teachers’ guilds, and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Top 4 Clues For Hunting Tomorrow’s Growth Stars

Posted: 24 Jan 2012 09:13 AM PST

For many investors, the task of scouring the market for companies that look poised for rapid growth is the holy grail of stock selection. The stocks chosen by growth investors boast an air of anticipation as finding a long term winner can transform the value of the smart investor's portfolio. But how do you capture a potential 'tenbagger' before it gets away from you?

Growth investing has inspired acres of research and writing and elevated a handful of successful investors to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Central Bank Of Turkey Keeps Rate At 5.75%

Posted: 24 Jan 2012 09:13 AM PST

The Central Bank of the Republic of Turkey kept its benchmark 1-week repo rate unchanged at 5.75%.  The Bank said: “The Committee has indicated that tight monetary policy stance should be maintained for a while in order to  keep inflation outlook consistent with the medium term targets. However, given the prevailing uncertainties regarding  the  global economy, it would be appropriate to preserve the flexibility of the monetary policy. Therefore, the impact of the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Magyar Nemzeti Bank Holds Interest Rate At 7.00%

Posted: 24 Jan 2012 09:02 AM PST

The Magyar Nemzeti Bank held its central bank base rate unchanged at 7.00%.  The Bank said: “In the Council’s judgement, the Hungarian economy is likely be stagnant next year, with growth expected to resume only in 2013. The level of output will remain below its potential over the entire forecast period. As the effects of the indirect tax increases and the exchange rate depreciation wane, the disinflationary impact of weak domestic demand is likely to become the dominant factor … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Anthony Bolton, China And The Art Of Stock-Picking

Posted: 24 Jan 2012 07:23 AM PST

Once again last week, reputed investor Anthony Bolton was in the press defending the poor performance to date of Fidelity’s China Special Situations, the publicly-listed fund he came out of retirement to launch. The fund’s NAV is down 21% since its April 2010 launch, versus 18.5% for the MSCI China Index. Bolton has attributed the losses to market turbulence, the fund's gearing and exposure to volatile small- and mid-cap stocks. That got us, Dave especially, to reading more about Bolton’s … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The 5 Key Signs Of An Economic Moat

Posted: 24 Jan 2012 05:22 AM PST

In spite of a dozen years of sideways markets that have just about ground the philosophy of buy and hold into the dust, Warren Buffett’s purchase decisions are still able to turn a thousand heads. Investors know that what really interests Buffett are companies with ‘durable competitive advantages’ which promise enduring high returns on capital and free cashflow in his pocket.
By upping his stake in Tesco (LON:TSCO) last week Buffett was signalling his confidence in the longevity of its … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For ETF Trading On Wednesday, January 25, 2012

Posted: 24 Jan 2012 04:32 AM PST

By ForexMansion.com

The Trend Trader for ETFs
For Trading On Wednesday, January 25, 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
109.98
+ 0.08
109.96
110.21

Neutral

BND – Vanguard Total Bond Market ETF
83.29
+ 0.02
83.33
83.48

Bearish

DBC – DB Commodity Index Tracking Fd
27.78
+ 0.18
27.57
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 Stock Trading On Wednesday, January 25, 2012

Posted: 24 Jan 2012 04:32 AM PST

By ForexMansion.com

The Trend Trader for the Dow 30 Stocks
For Trading On Wednesday, January 25, 2012

In alphabetical order by symbol

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AA – Alcoa Inc
10.27
+ 0.20
10.20
10.03

Bullish

AXP – American Express Company
49.23
− 0.42
49.56
49.96

Bearish

BA – Boeing Co
75.36
− 0.20
75.48
75.43

Bearish

BAC – Bank of America Corporation
7.29
+ 0.55
7.16
6.93

Bullish

CAT – Caterpillar Inc
106.29
− … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For Futures Trading On Wednesday, January 25, 2012

Posted: 24 Jan 2012 04:32 AM PST

By ForexMansion.com

The Trend Trader for Futures
For Trading On Wednesday, January 25, 2012

INDICES

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

S&P 500 – Mar ESH2
1311.50
+ 0.04
1309.58
1301.25

Bullish

Dow Jones – Mar YMH2
12626
− 0.19
12632
12550

Neutral

Nasdaq – Mar NQH2
2437.50
+ 0.10
2433.25
2412.92

Bullish

Russell – Mar TFH2
790.20
+ 1.17
782.42
775.97

Bullish

INTEREST RATES

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

The Trend Trader For Forex Trading On Wednesday, January 25, 2012

Posted: 24 Jan 2012 04:32 AM PST

By ForexMansion.com

The Trend Trader for Forex
For Trading On Wednesday, January 25, 2012

THE BIG SIX

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AUDUSD – Aust Dollar / US Dollar
1.0493
− 0.29
1.0485
1.0408

Bullish

EURUSD – Euro / US Dollar
1.3036
+ 0.15
1.2978
1.2848

Bullish

GBPUSD – British Pound / US Dollar
1.5624
+ 0.36
1.5563
1.5476

Bullish

USDCAD – US Dollar / Canadian Dollar
1.0089
+ 0.07
1.0109
1.0148

Bearish

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

Talking Oil, Gold And Copper With Yahoo’s Breakout

Posted: 23 Jan 2012 10:00 PM PST

I recently spoke with Matt Nesto, host of Breakout at Yahoo! Finance, about the current climate for commodities and what I expect to see during the first half of 2012. We kicked off our discussion talking about oil's surge above $100 per barrel and what price implications rising tensions with Iran could have if the situation boils over.
I explained that I don't think a European Union (EU) ban on Iranian oil imports would have a significant long-term effect on oil prices. The real long-term … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
at

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