Tuesday, January 24, 2012

DailyMarkets.com - Peabody Misses, Gives Guidance

DailyMarkets.com - Peabody Misses, Gives Guidance

Peabody Misses, Gives Guidance

Posted: 24 Jan 2012 09:55 AM PST

Peabody Energy Corporation (NYSE:BTU) reported fourth-quarter 2011 earnings of 98 cents per share, falling short of the Zacks Consensus Estimate of $1.31. However, the company's profits were 11 cents ahead of last year's earnings of 87 cents, driven by higher global prices and demand for coal.
Peabody's adjusted earnings for the full year 2011 were $3.76 per share, falling below the Zacks estimate of $3.97. However, the company's earnings grew 20.9% from the 2010 level of $3.11 per … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

AIR Completes Sale Of Notes

Posted: 24 Jan 2012 09:55 AM PST

Recently, AAR Corp. (NYSE:AIR) announced completion of its previously announced sale of $175,000,000 of its 7.25% senior unsecured notes due 2022.  The Notes were sold at a price equal to 98.268% of the principal amount, for a yield to maturity of 7.50%.  
The company has planned to use the proceeds of the offering to repay a portion of the borrowings incurred under the revolving credit agreement toward purchase of Telair International and Nordisk Aviation, back on December 2, 2011. The … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

KeyCorp Beats By A Penny

Posted: 24 Jan 2012 09:35 AM PST

KeyCorp's (NYSE:KEY) fourth quarter 2011 net income from continuing operations of 21 cents per share came in just a penny ahead of the Zacks Consensus Estimate. However, this compares unfavorably with the prior-year quarter earnings of 33 cents.
Including discontinued operations, KeyCorp's net income for the reported quarter came in at $194 million or 20 cents per share compared with $279 million or 32 cents per share in the year-ago quarter.
Better-than-expected results were mainly due to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

BofA Targets Additional Cost Cuts

Posted: 24 Jan 2012 09:35 AM PST

Bank of America Corporation (NYSE:BAC) is targeting more cost cuts as part of its plan to boost efficiency, according to a Bloomberg report. The company already aimed at $5 billion in cost saves in the first phase of its ongoing initiative Project New BAC. Further, it expects to save additional costs of up to $3 billion in the second phase, as per the report, which cited the company’s CEO’s message during the January 19 employee meeting.
BofA launched a company-wide efficiency initiative with a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

DuPont Beats, Reaffirms Guidance

Posted: 24 Jan 2012 09:27 AM PST

EI DuPont de Nemours & Co. (NYSE:DD) reported earnings of 35 cents per share in the fourth quarter of 2011 compared with 50 cents in the year-ago quarter. The profit exceeded the Zacks Consensus Estimate of 33 cents per share.
A higher tax rate in the quarter led to the year-over-year decline in profit. Further, higher selling prices during the quarter was offset by increased spending on selling, marketing and research and development, higher costs for raw materials, energy and freight as well … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Iran Embargo Fails To Awaken Oil Bulls

Posted: 24 Jan 2012 09:22 AM PST

Tuesday, January 24, 2012
Crude Oil traders have once again proven to be a fickle bunch, resulting in the wind coming out of the sails of the most recent rally. Investor confidence has eroded to an extent on the failure of Greece to come to a debt arrangement and also on economic concerns from China. Technically, signs are pointing to possible consolidation. Some traders may perhaps with to consider entering into a bear call spread, such as buying a March Crude Oil 107 call and selling a March … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

AK Steel Misses Zacks Consensus

Posted: 24 Jan 2012 09:22 AM PST

AK Steel Holding Corporation (NYSE:AKS) posted its fourth-quarter 2011 results, delivering net loss of $193.9 million or $1.76 compared with 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 diluted share. Excluding this amount, the company’s adjusted net loss for the fourth quarter of 2011 was $28.0 million, or $0.26 per diluted share. Results were above the Zacks … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Yahoo! Inc.

Posted: 24 Jan 2012 09:22 AM PST

Yahoo! Inc. (NASDAQ:YHOO) is scheduled to announce its fourth-quarter 2011 results on January 24, 2012. We witness limited movements in analyst estimates in the build-up to the release.
Prior-Quarter Synopsis
Yahoo's third-quarter non-GAAP earnings were up 17.8% sequentially and 38.0% year over year, which was encouraging and much better than what most investors were expecting. The primary reasons for the earnings growth were lower-than-expected operating expenses, a lower tax rate and lower share … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

McDonald’s Posts Strong 4Q

Posted: 24 Jan 2012 09:22 AM PST

McDonald's Corporation (NYSE:MCD) posted fourth quarter 2011 earnings of $1.33 per share, surpassing the Zacks Consensus Estimate of $1.30. Fourth quarter earnings were 15% higher than the year-ago level of $1.16. The currency movements did not impact the quarterly results.
Value offerings and premium products coupled with higher comparable sales were primarily responsible for the earnings growth. The company also derived significant synergies from the "Plan to Win" program, which is aimed … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURJPY Pushes Against Some Resistance At 100.88 Area

Posted: 24 Jan 2012 09:21 AM PST

Forex Trading: AUDUSD Tests Key Support Area

Posted: 24 Jan 2012 09:21 AM PST

The 1.0436 is the underside of broken trendline. The 1.0424 is the 38.2% of the consolidative range since July. The 1.0407 is the 200 day MA today.  The AUDUSD has reached a low of 1.0426 and is back above the 1.0436 level currently as traders lean against the key support on the first test.  Should the market rotate back down, a break these levels, it would refute the break to the upside.  Holding the level today, would be bullish for the pair.  Key day today.
On the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD Holds The Support Trendline On First Test.

Posted: 24 Jan 2012 09:21 AM PST

The EURUSD held trendline support on the 1st test on the hourly chart above.  The price has rebounded to resistance on the 5 minute chart agains the underside of an trendline which was resistance, then support and now may be resistance (see chart below).  The other technical note on the chart below is how the 100 and 200 bar MA (blue and green lines) have turned down after converging and flattening.  This should keep the bias to the downside for the pair today. I would look for … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Harley Beats, Annual Profit Doubles

Posted: 24 Jan 2012 09:12 AM PST

Harley-Davidson Inc. (NYSE:HOG) posted a profit of $54.6 million or 24 cents per share in the fourth quarter of 2011 in sharp contrast to a loss of $42.1 million or 18 cents per share in the same quarter of 2010. The profit was higher than the Zacks Consensus Estimate of 22 cents per share.
For the full year 2011, Harley's profit more than doubled to $548.1 million or $2.33 per share from $259.7 million or $1.11 per share in 2010. The profit was close to the Zacks Consensus Estimate of $2.34 per … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Total System

Posted: 24 Jan 2012 09:07 AM PST

Global electronic payment processor and merchant acquirer, Total System Services Inc. (NYSE:TSS) is scheduled to release its fourth-quarter 2011 earnings results after the market closes today. Higher operating expenses and sluggish growth in merchant acquiring services amid persistent competitive pressure could continue to mar the desired growth from the bottom-line recovery.
However, improving transaction volume, client growth and the growing presence in high potential markets should bring some … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Verizon Falls Short By A Penny

Posted: 24 Jan 2012 09:02 AM PST

Before the opening bell, the largest U.S. mobile service provider Verizon Communications (NYSE:VZ) reported fourth quarter 2011 adjusted earnings of 52 cents per share. The quarter's earnings were a penny below the Zacks Consensus Estimate but 2 cents ahead of the year-ago earnings.
Adjusted earnings per share excluded $1.20 related to non-cash pension items and 3 cents for the early extinguishment of debt during the reported quarter. Including these special items, Verizon generated a loss of 71 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Western Digital Beats EPS, Revs Dip

Posted: 24 Jan 2012 09:02 AM PST

Western Digital Corp. (NYSE:WDC) reported second quarter 2012 earnings per share (EPS) of $1.51, comprehensively exceeding the Zacks Consensus Estimate of 72 cents.
The company also announced that it has made significant progress to restore its manufacturing capacity following the recent flooding in Thailand. The company has increased its HDD production in Thailand and recently started the production of Slider, which had been suspended since end of 2011. The company expects to resume to its normal … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Coach Beats On Both Edges

Posted: 24 Jan 2012 09:02 AM PST

Despite lingering economic woes, Coach, Inc. (NYSE:COH), the designer and marketer of fine accessories and gifts, recently posted better-than-expected second-quarter 2012 results on the back of healthy sales in North America and China.
The quarterly earnings of $1.18 per share beat the Zacks Consensus Estimate of $1.15, and increased 18% from $1.00 earned in the prior-year quarter, buoyed by strong top-line growth.
The New York-based Coach, said that net sales for the quarter came in at $1,448.6 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Impressive Results At Kansas City

Posted: 24 Jan 2012 09:02 AM PST

Kansas City Southern (NYSE:KSU) reported fourth quarter 2011 adjusted earnings of $1.01 per share, breezing past the Zacks Consensus Estimate of 79 cents. Reported earnings shot up 63% year over year from 50 cents, driven by higher freight rates. Adjusted earnings for the fourth quarter exclude the impact of 14 cents per share of unfavorable special items related to adjustment for debt retirement costs.
For the full year, earnings per share surged 79.6% year over year to $3.00.
In the fourth … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Mixed 4Q For Baker Hughes

Posted: 24 Jan 2012 09:02 AM PST

Baker Hughes Inc. (NYSE:BHI) delivered impressive fourth quarter 2011 results, recording a year-over-year jump in per share profit on strong domestic operations. The company's earnings of $1.22 a share showed a vast improvement from 77 cents earned a year ago. However, the quarterly results were below the Zacks Consensus Estimate of $1.33.
 
In 2011, Baker Hughes reported earnings of $4.20 per share compared to $2.06 per share in 2010. But the earnings were below the Zacks Consensus … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Record Quarter And Year For Silicom!

Posted: 24 Jan 2012 09:02 AM PST

Record Quarter and Year for Silicom!
Ken Nagy, CFA

On January 23, 2012, Silicom Ltd, (SILC) the provider of high-performance server and appliances networking solutions, reported financial results for its fiscal 2011 fourth quarter and full year, ended December 31, 2011.

A solid fourth quarter by the Company resulted in record quarterly and year end revenues, operating income, net income and earnings per share.

The strong results include the doubling of revenues and tripling of net income … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Quest’s EPS Beats, Revs In Line

Posted: 24 Jan 2012 09:02 AM PST

Quest Diagnostics (NYSE:DGX) reported EPS of $1.19 in the fourth quarter of fiscal 2011 compared with 97 cents in the year-ago period. However, the reported quarter recorded 2 cents of restructuring and integration related charges, 2 cents associated with CEO succession costs and a benefit of 8 cents associated with discrete tax items. The year-ago quarter recorded charges of 3 cents related to restructuring activities, 3 cents pertaining to a litigation settlement and a benefit of 5 cents … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

CryoPort Receives Favorable Publicity On 60-Minutes

Posted: 24 Jan 2012 09:02 AM PST

Brian Marckx, CFA
CryoPort (CYRX) continues to be in the headlines, and positively so.  The latest came from favorable publicity on 60-Minutes…

As a testament to the ability of CryoPort’s shipping container to maintain the integrity of biological material, 60 Minutes’ recent story exposing the unethical practice of a rogue physician peddling what turned out to be dead stem cells for unproven treatments hinged on verification that the stem cells in question were maintained at cryogenic … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Mylan Outperforms As Generics Rule

Posted: 24 Jan 2012 09:02 AM PST

We recently upgraded our recommendation on Mylan, Inc. (NYSE:MYL) from Neutral to Outperform with a target price of $26.00.
Mylan is one of the leading players in the US generics market. We are encouraged by Mylan's geographic reach and product depth along with a robust generic product pipeline. A large number of high-value branded pharmaceuticals have begun to go off-patent and many more will lose patent exclusivity in the next few years.
Mylan has a robust pipeline and it hopes to exploit the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Gralise IP Solid

Posted: 24 Jan 2012 09:02 AM PST

Gralise IP Solid
By Jason Napodano, CFA

On January 23, 2012, Depomed, Inc. (DEPO, $6.17 / share) announced that it has received a Paragraph IV certification notice from Actavis Elizabeth LLC advising Depomed that Actavis has filed an Abbreviated New Drug Application (ANDA) with the U.S. FDA seeking approval to market a generic version of Gralise (gabapentin), 300 mg and 600 mg tablets. Actavis’ certification notice alleges that Depomed’s six US patents for Gralise listed in the FDA Orange … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Weak Prelim Results For TreeHouse

Posted: 24 Jan 2012 09:02 AM PST

TreeHouse Foods Inc. (NYSE:THS) recently reduced its fiscal 2011 earnings outlook to $2.70–$2.73 per share from the earlier projection of $2.90–$3.00 per share based on a 4% reduction in fourth-quarter retail channel volume. December volumes declined a record low of 8%, which was the worst in the company's history. Lower consumer food purchases, sales shift away from traditional grocery customers toward alternate channel retailers and adverse impact of warm weather in the Midwest and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Enrollment Of Phase II Clinical Trial Of ICT-107 Is Ahead Of Schedule

Posted: 24 Jan 2012 09:02 AM PST

Enrollment of  Phase II Clinical Trial of ICT-107 is Ahead of Schedule  
Grant Zeng, CFA

On Jan 23, ImmunoCellular Therapeutics, Ltd. (IMUC) provided an update on clinical trial site activity and patient enrollment for its Phase II clinical trial of ICT-107 for the treatment of glioblastoma multiforme (GBM).

The Company has initiated the trial in 23 centers and has received Institutional Review Board (IRB) approval from a total of 24 trial sites. The trial is expected to enroll … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

PKG Reports A Favorable 4Q

Posted: 24 Jan 2012 09:02 AM PST

Packaging Corporation of America (NYSE:PKG) reported net income (excluding income from bio-fuel tax credits and asset disposal charges) of $39.0 million or 40 cents per share in the December quarter of 2011 compared with $54.9 million or 54 cents per share in the year-ago quarter and $41.3 million or 42 cents per share in the previous quarter. The results beat the Zacks Consensus Estimate of 37 cents per share.
Net sales came in at $654 million in the fourth quarter of 2011, rising 4% year over … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Cemig Stays On The Sidelines

Posted: 24 Jan 2012 09:02 AM PST

We prefer remaining on the sidelines for the Brazilian electric utility, Companhia Energetica de Minas Gerais (NYSE:CIG), also known as CEMIG, thus maintaining a Neutral recommendation on the stock.
The company is one of the largest integrated electric utilities in Brazil and has more than 6,896 megawatts of installed generation capacity. The company is the fifth largest electricity generator in Brazil and generates approximately 97% of electricity from hydroelectric sources.
Growth demand for … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Praxair Inc

Posted: 24 Jan 2012 09:02 AM PST

Praxair Inc.(NYSE:PX) is slated to release its fourth quarter and fiscal year 2011 results on Wednesday, January 25. The current Zacks Consensus Estimates for the fourth quarter and fiscal year 2011 earnings per share (EPS) are $1.37 and $5.44, representing  annualized growth of 9.31% and 14.74%, respectively.
Praxair had outperformed the Zacks Consensus Estimate over the trailing four quarters. The average earnings surprise was a positive 1.16%, implying that the company has outdone the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Mortgage Pre-Approval – It’s Nothing – It’s Everything

Posted: 24 Jan 2012 08:28 AM PST

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


Wall Street Slips On Greek Debt, Mixed Earnings

Posted: 24 Jan 2012 08:20 AM PST

01/24/12 US stocks dropped on EU debt crisis concerns as Greek debt-swap talks stall and US earnings came in mixed. EUR/USD fell back below … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Best Wishes From Saul Alinsky, Radical Left-wingers, And People…

Posted: 24 Jan 2012 08:05 AM PST

Best wishes from Saul Alinsky, radical left-wingers, and people who don't like the classical … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Who Is Sheldon Adelson And What Has Newt Promised Him?

Posted: 24 Jan 2012 07:58 AM PST

Sheldon Adelson, the billionaire casino owner, is now the poster boy for what's terribly wrong with our campaign-finance system. Adelson, you may recall, had, before the South Carolina Republican primary, donated $5 million to the pro-Gingrich Super Pac "Winning Our Future" – giving Newt a pile of money for negative advertising against Mitt Romney in South Carolina.
Adelson has done it again. He and his wife Marian have cut another $5 million check for Gingrich to go negative on Romney … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Tuesday Links

Posted: 24 Jan 2012 07:51 AM PST

1. Some Chevrolet dealers are turning down Volts that General Motors wants to ship to them, a potential stumbling block as GM looks to accelerate sales of the plug-in hybrid.
 
2. GALLUP: U.S. economic confidence is rising and was at -25 for the week ending Jan. 22, improved from -29 the prior week and the highest level since the week ending May 22, 2011.
 
3. An international study of postal services in 30 high-income countries finds that most are profitable, and the ongoing losses … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Oil Falls Below $99

Posted: 24 Jan 2012 02:45 AM PST

01/24/12 Front month crude prices were in the red this morning as the euro fell against the dollar and as Greek negotiations fell … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stocks Pullback On Greece

Posted: 24 Jan 2012 01:15 AM PST

01/24/12 Global stocks were mostly in retreat Tuesday morning as Greek talks broke down and after the Bank of Japan cut its growth outlook for the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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