DailyMarkets.com - International Paper To Outperform
DailyMarkets.com - International Paper To Outperform |
- International Paper To Outperform
- Progressive Reports Mixed Results
- Forex Trading: EURUSD Keeps Bullish Bias But Bounces Off Broken Trendline
- Comerica Surpasses Zacks Estimate
- Parker-Hannifin Underperforms Est
- Gasoline Supplies At 10-Month High
- SunTrust Beats By A Penny
- Earnings Preview: Juniper
- 10,000 Sold! Nissan’s Leaf Makes Electric Vehicle History
- First Horizon Misses By A Penny
- Earnings Preview: Halliburton
- Latvia Central Bank Holds Rate 3.50%, Cuts Reserve Ratio
- POSCO Ups Stake In Pilbara
- Crude Oil Drops On Amid Rush To Greenback Safety
- Sugar Prices Fly To 2-month Highs!
- Anderson: Cautiously Optimistic…bullish Sentiment Vs. EU Crisis”
- Earnings Preview: Brinker
- Ceased Moment For Kodak
- Southwest Beats On Strong Top Line (revised)
- Gold Rises As Euro Loses Luster
- Euro Turns Lower On On Greece, Profit Taking
- Zacks Increases Price Target Of Acorn Energy To $7.75
- Cubicin Drives Cubist Pharma
- Watson Increases Generic Count
- Forex – EUR/USD Slides Amid Profit-taking
- Fed Raises $7B From AIG RMBS
- Amphenol’s Senior Notes Pricing
- Euro Stocks Lower On Profit Taking And Greek Unknowns; DAX Slips 0.07 %
- Earnings Preview: CSX Corporation
- Fifth Third Misses Ests, Revs Down
- Earnings Preview: Verizon
- US Stocks Mixed On Blue Chip Earnings
- Rick Davis: Economic Navigator Extraordinaire
- Natural Gas Futures Bounce From Lows
- Gold Futures Ease Higher On Greek Fears
- Forex – EUR/USD Down On Economic Data
- Existing Home Sales Rise Less-than-expected
- U.S. Stocks Open Mixed On Google Miss, Strong Economic Data; DOW Up 0.03%
- Crude Drops Below $100
- Global Stocks Mixed On Greece Debt Talks And Earnings
- The 5 Ways Diversification Can Kill Your Portfolio Returns
| International Paper To Outperform Posted: 20 Jan 2012 11:40 AM PST We have recently upgraded International Paper (NYSE:IP) from Neutral to Outperform encouraged by its merger and acquisition strategy, particularly the merger with Temple-Inland and its acquisition of a majority stake in Andhra Pradesh Paper Mills. The latter will help the company capitalize on the burgeoning demand for paper and packaging products in India. Furthermore, through its joint ventures, International Paper has significant projects underway in Russia and China. All these will help the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Progressive Reports Mixed Results Posted: 20 Jan 2012 11:25 AM PST Progressive Corp.'s (NYSE:PGR) earnings per share for the fourth quarter of 2011 were 42 cents, declining 8% from 45 cents in the year-ago quarter. Results were however above the Zacks Consensus Estimate of 35 cents. Net income dropped 14% from fourth quarter 2010 to $256.7 million in the quarter under review.
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| Forex Trading: EURUSD Keeps Bullish Bias But Bounces Off Broken Trendline Posted: 20 Jan 2012 11:18 AM PST The EURUSD has been keeping a better bid today, but it has been bouncing off the underside of the broken trendline. So although there are reasons to be encouraged from the buy side, there are reasons to be encouraged from the short side. It is Friday and I am not surprised given the uncertainty out of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Comerica Surpasses Zacks Estimate Posted: 20 Jan 2012 11:08 AM PST Comerica Incorporated (NYSE:CMA) reported fourth-quarter 2011 operating earnings of 60 cents per share, comfortably beating the Zacks Consensus Estimate of 46 cents.
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| Parker-Hannifin Underperforms Est Posted: 20 Jan 2012 11:08 AM PST Parker-Hannifin Corporation (NYSE:PH) released its second-quarter fiscal 2012 earnings result before the market opened today, reporting earnings per share of $1.56, below the Zacks Consensus Estimate of $1.64 and above prior-year earnings of $1.39.
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| Gasoline Supplies At 10-Month High Posted: 20 Jan 2012 11:08 AM PST The U.S. Energy Department’s weekly inventory release showed an unexpected decrease in crude inventories on the back of lower imports, though product demand continues to be weak. Gasoline supplies rose for the third straight week to reach their highest level since early March 2011. The agency's report further revealed that distillate stocks posted another build. Meanwhile, refinery utilization rate was down by 1.9%.
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| Posted: 20 Jan 2012 11:00 AM PST SunTrust Banks Inc.'s (NYSE:STI) fourth quarter earnings came in at 28 cents per share, surpassing the Zacks Consensus Estimate by a penny. This represents SunTrust's sixth straight quarter of profit after incurring significant losses since mid 2008. This was also substantially better than earnings of 23 cents in the year-ago quarter.
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| Posted: 20 Jan 2012 11:00 AM PST Juniper Networks Inc. (NASDAQ:JNPR) is scheduled to announce its fourth quarter 2011 results on January 26, after the closing bell. We notice a downward trend in the analyst estimates at this point.
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| 10,000 Sold! Nissan’s Leaf Makes Electric Vehicle History Posted: 20 Jan 2012 11:00 AM PST 01/20/12 Despite falling a few hundred units short of its 10,000 unit target for the year, Nissan finally broke that barrier last week. Therefore becoming the first brand to ever reach the 10,000 unit mark in sales for a mainstream, mass-produced … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| First Horizon Misses By A Penny Posted: 20 Jan 2012 10:40 AM PST First Horizon National Corp.'s (NYSE:FHN) fourth-quarter 2011 earnings of 13 cents per share came a penny below the Zacks Consensus Estimate. However, results compared favorably with operating earnings of 12 cents per share in the prior quarter and a loss of 19 cents per share in the year-ago quarter.
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| Posted: 20 Jan 2012 10:40 AM PST Major oilfield services provider Halliburton Company (HAL ) is scheduled to report its fourth quarter 2011 results on Monday January 23, 2012 before the start of trading.
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| Latvia Central Bank Holds Rate 3.50%, Cuts Reserve Ratio Posted: 20 Jan 2012 10:33 AM PST Latvijas Banka kept its main monetary policy interest rate, the refinancing rate, steady at 3.50%, and held its other interest rates unchanged, but reduced the reserve ratio for bank liabilities above two years to 2% from 3%, and for other liabilities to 4% from 5%. The Bank said: “By reducing the reserve ratio, additional financial resources are released for lending and more beneficial conditions for the availability of lending resources necessary for economic growth are created. A … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 20 Jan 2012 10:25 AM PST Korean steel producer, POSCO (NYSE:PKX) recently announced that the company will acquire a 15% stake in the Roy Hill Holdings, located in one of the richest iron ore belts in Australia, the Pilbara region.
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| Crude Oil Drops On Amid Rush To Greenback Safety Posted: 20 Jan 2012 10:19 AM PST Forexpros – Crude futures dropped Friday as the dollar resumed its safe-haven status amid a euro sell off, while fears that Iran may close the vital Strait of Hormuz began to wane further, pushing oil down even more. On the New York Mercantile Exchange, light, sweet crude futures for delivery in March traded at USD98.77 a barrel in afternoon U.S. trading, down 1.77%. The commodity spiked to an earlier session high of USD100.91 and a low of USD98.02. The euro fell amid profit-taking Friday, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Sugar Prices Fly To 2-month Highs! Posted: 20 Jan 2012 10:18 AM PST Friday, January 20, 2012
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| Anderson: Cautiously Optimistic…bullish Sentiment Vs. EU Crisis” Posted: 20 Jan 2012 10:15 AM PST 01/20/12 Knight Capital America’s Amanda Anderson discusses the latest earnings reports and fundamentals, and weighs in on market … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 20 Jan 2012 10:07 AM PST Dallas-based Brinker International Inc. (NYSE:EAT) is slated to release its second quarter 2012 results on Tuesday, January 24, before the market opens. The current Zacks Consensus Estimate for the second quarter is pegged at 45 cents per share, representing an annualized growth of 18.27%. The Zacks Consensus Sales estimate is $686.0 million.
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| Posted: 20 Jan 2012 10:00 AM PST Recently, Eastman Kodak Co. (NYSE:EK) filed for Chapter 11 bankruptcy protection with the U.S. bankruptcy court in Manhattan; capping a prolonged plunge for one of America’s best-known companies.
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| Southwest Beats On Strong Top Line (revised) Posted: 20 Jan 2012 10:00 AM PST Before the opening bell yesterday, Southwest Airlines Co. (NYSE:LUV), a low-cost airline carrier in the US, declared its fourth quarter 2011 adjusted earnings of 9 cents per share. The quarter's results beat the Zacks Consensus Estimate by a couple of cents but remained below the year-ago level of 15 cents, excluding the positive impact of fuel hedging, which offset the rise in fuel price.
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| Gold Rises As Euro Loses Luster Posted: 20 Jan 2012 09:49 AM PST Forexpros – Gold prices rose on Friday after investors sold the euro for profits, snapped up gold in its place and ran to the sidelines to see if Greece could agree on a deal to restructure its debts with private creditors by the weekend. Talks between Athens and its creditors were dragging on Friday, although hopes remained a deal was in sight. On the Comex division of the New York Mercantile Exchange, gold futures for February delivery traded at USD1,664.95 a troy ounce, up 0.63%. Gold … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Euro Turns Lower On On Greece, Profit Taking Posted: 20 Jan 2012 04:45 AM PST 01/20/12 The euro currency continued to decline this afternoon against the dollar as investors await any resolution out of Greece while profit taking … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Zacks Increases Price Target Of Acorn Energy To $7.75 Posted: 20 Jan 2012 09:40 AM PST Zacks increases price target of Acorn Energy to $7.75 Based on strong order flow at DSIT and USSI, a war chest of over $50 million from the sale of CoaLogix and increased institutional ownership, Zacks raised its target of Acorn Energy's stock to $7.75. With the recent sale of CoaLogix, the company has excess cash of $3.32 per share. In addition, due to management's successful execution on its strategy, all three subsidiaries are benefiting from important orders. In … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 20 Jan 2012 09:40 AM PST Cubist Pharmaceuticals Inc.'s (NASDAQ:CBST) fourth quarter 2011 earnings (excluding special items but including stock-based compensation expense) of 58 cents per share raced past the Zacks Consensus Estimate by 29 cents. Results in the quarter were helped by strong sales of antibiotic injection, Cubicin (daptomycin). Adjusted earnings surpassed the year-ago adjusted earnings by 3 cents.
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| Watson Increases Generic Count Posted: 20 Jan 2012 09:30 AM PST Watson Pharmaceuticals Inc. (NYSE:WPI) added another drug to its list of generic launches as it announced the launch of Vestura, the generic version of Bayer's (BAYRY) oral contraceptive, Yaz. Vestura is indicated for the prevention of pregnancy and the treatment of moderate acne in women who are at least 14 years old.
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| Forex – EUR/USD Slides Amid Profit-taking Posted: 20 Jan 2012 09:17 AM PST Forexpros – The euro weakened against the dollar on Friday as investors sold the unit for profits after posting gains in several recent sessions. Debt restructuring talks between Greece and its private creditors have been going on for days now, and the market is growing a little impatient with the pace of negotiations, which also pressured the euro downward. EUR/USD hit 1.2931 in mid-session U.S. trading on Friday, down 0.29%, up from a session low of 1.2887 and off from a high of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 20 Jan 2012 09:10 AM PST Yesterday, the New York Federal Reserve (Fed) reported that it sold American International Group Inc.'s (NYSE:AIG) Maiden Lane II with fair value worth $7.014 billion to Credit Suisse Group AG (NYSE:CS). Maiden Lane II is an investment portfolio containing residential mortgage-backed securities (RMBS), which was acquired by Fed from AIG during the peak of financial crisis.
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| Amphenol’s Senior Notes Pricing Posted: 20 Jan 2012 09:05 AM PST Recently announced, Amphenol Corporation (NYSE:APH) declared pricing of its senior notes offering of principal amount $500 million due 2022.
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| Euro Stocks Lower On Profit Taking And Greek Unknowns; DAX Slips 0.07 % Posted: 20 Jan 2012 08:50 AM PST Forexpros – European shares dropped from 5 month highs on Greek debt fears and end of week profit taking. After the close of European trade, the EURO STOXX 50 gave back 0.21%, France’s CAC 40 dropped 0.13%, while Germany’s DAX slipped 0.07%. Yesterday, yields fell on all maturities as Spain auctioned EUR7.97billion of two, three, and four year notes in its first sale of medium and long term debt since losing its AAA rating last week. Spain … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Earnings Preview: CSX Corporation Posted: 20 Jan 2012 08:35 AM PST CSX Corporation (NYSE:CSX), one of the leading rail transportation companies, is slated to release its fourth quarter 2011 results on Monday, October 23, after the closing bell. The current Zacks Consensus Estimate for the upcoming quarter is pegged at 44 cents, representing an annualized growth of 15.55%.
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| Fifth Third Misses Ests, Revs Down Posted: 20 Jan 2012 08:30 AM PST Fifth Third Bancorp's (NASDAQ:FITB) fourth-quarter 2011 net income of $305 million or 33 cents per share missed the Zacks Consensus Estimate of 35 cents. The results compare unfavorably with net income of $373 million or 40 cents per share in the prior quarter.
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| Posted: 20 Jan 2012 08:20 AM PST The largest U.S. mobile service provider Verizon Communications (NYSE:VZ) is slated to release its fourth quarter and fiscal 2011 earnings on January 24, before the opening bell. The current Zacks Consensus Estimate is pegged at 54 cents for the fourth quarter, representing a year-over-year decrease of 0.27% while for fiscal 2011 it stands at $2.17, representing a substantial increase of 18.49% from the prior year.
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| US Stocks Mixed On Blue Chip Earnings Posted: 20 Jan 2012 08:20 AM PST 01/20/12 A slew of earnings reports were released from the technology sector with mixed results. IBM, Microsoft and Intel beat estimates while Google shares tumbled on … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Rick Davis: Economic Navigator Extraordinaire Posted: 20 Jan 2012 08:12 AM PST How does one measure the real health of an economy that continues to adjust to massive structural changes and has become dependent on various lines of cheap funding provided by Uncle Sam?
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| Natural Gas Futures Bounce From Lows Posted: 20 Jan 2012 07:52 AM PST Forexpros – bsp;Forexpros – Natural gas prices bounced from decade lows Friday,as bargain hunters speculate the bottom has been set. On the New York Mercantile Exchange, natural gas futures for February delivery traded at USD2.336 per million British thermal units during early U.S. trade, bouncing higher by 0.60%. It earlier climbed to hit 2.364 BTU’s and hit a low of 2.289 BTU’s. September, 4th, 2009 when prices made a 10 year low of USD2.408, was taking out yesterday with new decade … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Gold Futures Ease Higher On Greek Fears Posted: 20 Jan 2012 07:39 AM PST Forexpros – Gold futures gained ground Friday, on renewed Greek debt fears and stock earnings concerns. On the Comex division of the New York Mercantile Exchange, gold futures for February delivery traded at USD1662.55 a troy ounce during early U.S. trade gaining 0.49%. It earlier hit a low of USD1645.16 and is currently trading at the high of the session. Gold futures were likely to find support at USD1643.15 a troy ounce, the previous day’s low and technical resistance exists at … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – EUR/USD Down On Economic Data Posted: 20 Jan 2012 07:15 AM PST Forexpros – The Euro was lower against the U.S. Dollar on Friday after the release of U.S. data on Existing Home Sales. EUR/USD was trading at 1.2926, down 0.33% at time of writing. The pair was likely to find support at 1.2626, Monday's low, and resistance at 1.2986, today's high. Earlier in the day, industry data showed that existing home sales rose less-than-expected to a seasonally adjusted annual rate of 4.61M last month from 4.42M in the preceding month. Analysts had expected … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Existing Home Sales Rise Less-than-expected Posted: 20 Jan 2012 07:10 AM PST Forexpros – U.S. existing home sales rose less-than-expected last month, industry data showed on Friday. In a report, the National Association of Realtors said that home sales rose to 4.61M, from 4.42M in the preceding month. Analysts had expected existing home sales to rise to 4.65M last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| U.S. Stocks Open Mixed On Google Miss, Strong Economic Data; DOW Up 0.03% Posted: 20 Jan 2012 07:02 AM PST Forexpros – U.S. stocks opened Friday’s session mixed as Google missing analyst’s estimates weighed against strong economic data earlier. At the open of U.S. trade, the Dow Jones Industrial Average gained 0.03%, the S&P 500 added 0.49% and the Nasdaq Composite gave back 0.33%. The most popular internet search engine, Google dropped 7.7% as revenue and profits missed analyst’s estimates causing earnings worries across the board. While a gauge of home sales signaled purchases of existing … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 20 Jan 2012 07:00 AM PST 12/02/12 A rebound in the dollar has set up the stage for a session of declines for crude as prices have fallen below $100 a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Global Stocks Mixed On Greece Debt Talks And Earnings Posted: 20 Jan 2012 01:15 AM PST 01/20/12 Global stocks were mixed Friday led by mixed global data, continued talks in Greece, and tech … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| The 5 Ways Diversification Can Kill Your Portfolio Returns Posted: 20 Jan 2012 01:59 AM PST Given that the law of diversification is about as close as one can find to a consensus belief amongst investors your portfolio is most likely to have at least a few stocks in it. But what if I was to tell you that the level and style of your diversification could be putting your capital significantly at risk?
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