Friday, January 6, 2012

DailyMarkets.com - RF Micro’s December Revenues Dip

DailyMarkets.com - RF Micro’s December Revenues Dip

RF Micro’s December Revenues Dip

Posted: 06 Jan 2012 08:20 AM PST

Revenue yields have plummeted for RF Micro Devices Inc. (NASDAQ:RFMD) for the December quarter of 2011. Total revenue came to around $225 million against the previous estimates of $250 million.
Now we turn to the segmental overview. The Cellular Products Group (CPG) revenues were disappointing coming in at $179 million. Management stated that this was mainly attributable to the softness in demand experienced in the Chinese market this quarter which exacerbated the sales of the 2G devices … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Smucker Gulps Sara Lee N.A. Coffee

Posted: 06 Jan 2012 08:10 AM PST

U.S. package-food company Sara Lee Corp. (SLE) recently closed the divestiture of its North American foodservice coffee and shot beverage business to J.M. Smucker Company (NYSE:SJM). Smucker will make an upfront payment of $350 million in cash for the purchase and has agreed to pay $50 million to Sara Lee through the next 10 years. The deal was announced in October 2011.
With the acquisition, Sara Lee's liquid coffee concentrate brand Douwe Egberts will be added to Smucker's portfolio. Smucker … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Apple’s IPhone 4S Reaches China

Posted: 06 Jan 2012 07:50 AM PST

The increasing popularity of Apple Inc.'s (NASDAQ:AAPL) iPhone 4S has prompted the company to launch the latest version of the smartphone in China and 21 other countries on Friday, January 13. With the recent launch, iPhone 4S will now be available in 90 countries.
Apple's iPhone 4S is based on the new A5 processor (used in iPad2), which significantly accelerates operations. Another addition to the 4S is Siri, a voice recognition command system to initiate operations, access information and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

UDR Issues Senior Notes

Posted: 06 Jan 2012 07:40 AM PST

UDR, Inc (UDR) recently announced the issuance of a $400 million offering of 4.625% senior unsecured notes. The note offering carries the option of paying interests semiannually and the notes will mature on January 10, 2022.
UDR intends to use the net proceeds from the offering for general corporate purposes, including the repayment of $100 million principal amount of 5.00% senior unsecured notes due 2012. The settlement of the offering is expected to take place on January 10, 2012.
This … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Gold Futures Lower On Improved U.S. Economic Picture

Posted: 06 Jan 2012 07:34 AM PST

Forexpros – bsp;- Gold futures dropped Friday on a positive NFP report and strengthening greenback confirm solid growth in the world’s largest economy.

On the Comex division of the New York Mercantile Exchange, gold futures for February delivery traded at USD1615.75 a troy ounce during early U.S. trade giving back 0.30%.

It earlier hit a high of USD1632.15 and a low of USD1612.85.

Gold futures were likely to find support at USD1612.85 and technical resistance exists at … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Interesting Facts From Today’s Employment Report

Posted: 06 Jan 2012 07:29 AM PST

A few interesting items from today’s BLS Employment Report for December:

1. The unemployment rate for workers with a college degree fell to 4.1% in December, which  is the lowest jobless rate for that group since January 2009, almost three years ago.   The number of employed college graduates is at an all-time high of 45.2 million, and more than 1.6 million above the December 2007 level when the recession started.  In contrast, the jobless rate for workers with less than a high … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Integra’s Prelim Results Disappoint

Posted: 06 Jan 2012 07:25 AM PST

Integra LifeSciences Holdings Corporation (NASDAQ:IART) reported disappointing preliminary results for the fourth quarter and full year 2011.
Integra expects to report total revenue in the range of $202–$203 million, way below the previously announced guidance of $208.5–223.5 million. Sluggish sales during the quarter resulted from the inventory reduction initiatives by the company's instrument distributors, worldwide weaker economy and disappointing sales of Extremity Reconstruction products … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: USDJPY Falls After Failing To Advance Above Resistance Area

Posted: 06 Jan 2012 07:18 AM PST

The USDJPY moved up and through the 200 hour MA (green line in the chart above) but could not breach the 50% of the move down from the December 28th high to the low. Sellers came in and now the market is down toward the days low at the 77.00 level.  I would expect buyers against the low with a move above the 77.15 level being a good development for the pair … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: GBPUSD Moves Toward Trendline Support At 1.5385.

Posted: 06 Jan 2012 07:18 AM PST

The GBPUSD has been in a range since mid November. The high has been at 1.5781. The low at 1.5360.  Along the bottom there is a trendline, that discounting the failed break at the end of December, that comes in at 1.5385. The price is testing this level now and should provide some support for the pair.
A break will of course target the failed break low at the 1.5360 level.  A break of that should open the door for additional selling momenttum. Traders will be looking for any break to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Attention All Traders And Investors: How Are You Getting Pimped?

Posted: 06 Jan 2012 07:17 AM PST

This commentary is a little lengthy but for those involved in the markets as a trader or an investor I believe it is a great read. Please share it. LD
The other day I received a very interesting comment and question from a regular reader and active trader. This reader's prompt compelled me to reach out to our Sense on Cents' Hall of Fame legends Joe Saluzzi and Sal Arnuk at Themis Trading for a response.
If you are an active trader, I STRONGLY recommend you read this commentary. If you … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Vale Overseas Prices $1B Notes

Posted: 06 Jan 2012 07:15 AM PST

Mining giant, Vale S.A. (VALE) recently announced pricing of notes, primarily intended to raise funds to meet the company's general corporate purposes. Vales's wholly owned subsidiary, Vale Overseas Limited priced its US$1 billion 4.375% Guaranteed Notes offering at a discounted price of 98.804% of the principal amount.
The notes will bear a coupon rate of 4.375%; interest to be paid semi-annually. It will mature in January 2022, bearing a yield on maturity of 4.525%. Of the credit rating … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Stocks Mixed Despite Strong NFP Report; DOW Down 0.18%

Posted: 06 Jan 2012 07:08 AM PST

Forexpros – U.S. stocks opened Friday’s session mixed despite strong employment data from the Non Farm Payroll report and falling jobless numbers.

At the open of U.S. trade, the Dow Jones Industrial Average eased lower by 0.18%, the S&P 500 climbed by 0.29% and the Nasdaq Composite gave back 0.14%.

Stock bullish news from the U.S. included a very positive NFP report indicating 200,000 new jobs created and a falling unemployment rate to 8.5% failed to ignite an early rally in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

South Rangely Well Successfully Flow Tested

Posted: 06 Jan 2012 07:00 AM PST

South Rangely well successfully flow tested

Steven Ralston, CFA

Dejour Energy (DEJ) has successfully drilled, cased, fracture stimulated and flow tested its first natural gas well at South Rangely in Colorado. Late yesterday, Dejour announced the results of the flow test: 315 MCF per day for more than 10 days with zero decline in production or pressure, confirming the presence of commercial quantities of trapped hydrocarbons. Now the company will test for an oil leg that is typically found … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Rises On Strong Jobs Data

Posted: 06 Jan 2012 07:00 AM PST

01/06/12 Strong US jobs data helped lift front month crude prices this morning as investors turned optimistic regarding crude … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Apollo Beats, But Profit Declines

Posted: 06 Jan 2012 06:55 AM PST

Apollo Group Inc. (NASDAQ:APOL), one of the world's largest private education providers, reported earnings of $1.28 per share for first-quarter 2012, which beat the Zacks Consensus Estimate of $1.18. However, quarterly earnings were down 21.5% from the prior-period earnings of $1.63 primarily due to fall in Degreed Enrollments.
On a reported basis, including one-time items, earnings came in at $1.14 a share compared with earnings per share of $1.61 in the prior-year quarter.
Apollo delivered total … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Will Market Start Getting Enthusiastic?

Posted: 06 Jan 2012 06:35 AM PST

The market's focus today clearly will be on the strong December non-farm payroll report, but Europe likely will not be far from investors' minds, either. The market has found it hard to make meaningful gains this week despite very good readings on the domestic economy, held back by continued Europe-related jitters. I would expect that same trend to remain in place today, as well.
With respect to Europe, the European Central Bank (ECB) had one of its half-hearted interventions in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Ruby Ahead Of Estimate, Comps Lag

Posted: 06 Jan 2012 06:35 AM PST

Maryville, Tennessee – based Ruby Tuesday Inc. (NYSE:RT) reported a loss of 3 cents per share in second quarter 2012, narrower than the Zacks Consensus Estimate of a loss of 6 cents and management's guided range of a loss of 4-8 cents. However, the company's result compared unfavorably with the year-ago quarter earnings of 7 cents.
Total revenue in the quarter perked up 5.9% year over year to $307.5 million. The year-over-year upside in revenue was attributable to franchise partnership … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Dollar Gains As Nonfarm Payrolls Show 200K Jobs Gain In December

Posted: 06 Jan 2012 06:35 AM PST

Fundamental Headlines
• Unemployment Falls to 8.5% as U.S. Adds 200K Jobs – Bloomberg
• EU Governments Consider Delay on Any Iran Oil Ban – Reuters
• Iran Plans More War Games in Strait as Sanctions Bite – Reuters
• ECB Steps in as Italian Yields Hit 7% – WSJ
• Euro-zone Fears Grow on New Data – WSJ
European Session Summary
Markets consolidated in the overnight after yesterday's rally by the U.S. Dollar, though only after higher yielding currencies and risk-correlated assets … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bonds Remain Quiet Ahead Of December Non-Farm Payrolls Report

Posted: 06 Jan 2012 06:22 AM PST

Friday, January 6, 2012
The start of the New Year and an important employment report might be the catalyst needed to break the bond market out of its consolidation pattern. Some traders who are expecting a large move in Bond futures prices in the near-term may wish to consider exploring the purchase of an out-of-the-money strangle in Bond futures options. For example, with the March Bond futures (USH12) trading at 142-18 as of this writing, the February 146 calls and the February 139 puts could … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD In Narrow Range. Room To Roam

Posted: 06 Jan 2012 06:21 AM PST

With the high to low range narrow, there is room to roam in the EURUSD today. The l.2773 level is the 138.2% of the move ups from the December 29th low to the January 3rd high. This level stopped the decline yesterday and will be a focus level today. Below that level, the next targets are 1.2748, 1.2722 and below that a look toward 1.2682 is my next target level. On the daily chart below the bottom channel trendline comes in at 1.2570. On the topside, the 1.2831 level will be the first target, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD Falls Further On The Back Of The Strong NFP Report

Posted: 06 Jan 2012 06:21 AM PST

The EURUSD has fallen on the back of the stronger NFP report and approaches the 1.2722 level next target at the 1.2722 level.  Traders will be watching the the 1.2748 level above. This was the 150% of the Dec 29 to Jan 3rd move.  Staying below this close level will keep the bears in control.  A move above will target the 1.27585 level which is the 38.2% of the days range.  The bears remain in control.  The buyers have to prove they can move the price … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Agrium Downgraded To Neutral

Posted: 06 Jan 2012 06:20 AM PST

We have downgraded our recommendation on Agrium Inc. (NYSE:AGU), the third largest potash producer in North America, from Outperform to Neutral. The company is also a leading global wholesale producer and marketer of all three major agricultural macronutrients − nitrogen, potash, and phosphate.
Agrium's net earnings increased three folds to $293 million or $1.85 per share in the third quarter of 2011 from $61 million or $0.39 in the prior-year quarter. Results benefited from record high crop … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stock Market News Briefs: American Eagle Outfitters, Dendreon, Eastman Kodak Company, Lockheed Martin Corporation

Posted: 06 Jan 2012 06:20 AM PST

    The slimmed down military strategy by U.S. President Barrack Obama, has lowered share prices of defense stocks including Lockheed Martin (NYSE:LMT) which fell 1.04% to end the day at $80.07

    Share prices of Eastman Kodak (NYSE:EK) plummeted 10.64% following reports that the company is preparing a bankruptcy protection filing

    Biotech company Dendreon Corp’s (NASDAQ:DNDN) share prices rocketed 39.74% after the company’s fourth quarter revenue from … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Jobs Data Lifts Futures

Posted: 06 Jan 2012 01:15 AM PST

01/06/12 US stock futures were steadily rising this morning following the release of strong jobs data which ssaw the US unemployment rate fall to its lowest level since February … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Down On Jobs Data

Posted: 06 Jan 2012 06:15 AM PST

Forexpros – The Euro was lower against the U.S. Dollar on Friday after the release of U.S. data on Nonfarm Payrolls.

EUR/USD was trading at 1.2758, down 0.24% at time of writing.

The pair was likely to find support at 1.2725, today's low, and resistance at 1.3077, Tuesday's high.

Earlier in the day, official data showed that U.S. non-farm payrolls rose more-than-expected to a seasonally adjusted 200K last month, from 100K in the preceding month whose figure was revised down from … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – U.S. Dollar Surges On NFP Figure

Posted: 06 Jan 2012 06:11 AM PST

Forexpros – bsp;- The U.S. dollar advanced against its major counterparts on Friday as the Non Farm Payrolls advanced 200,000 beating estimates and unemployment rate fell to 8.5% surprising economists.

During early session U.S. trade, the greenback traded higher against the euro, with EUR/USD falling 0.32% to hit 1.2750.

The single currency was depressed earlier by a combination of Italy’s UniCredit selling stock to increase capital, a French bond auction resulting in higher yields, and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Nordstrom Comps Rise Again

Posted: 06 Jan 2012 06:05 AM PST

One of the leading fashion specialty retailers in the United States, Nordstrom Inc. (NYSE:JWN), once again reported a robust growth in its comparable store sales for the five-week period ended December 31, 2011. The December results marked the 27th consecutive month of comparable store sales growth.
The company's December same-store sales grew by 8.7% compared with 8.4% in the five-week period ended January 1, 2011. Total retail sales climbed 12.7% to $1.57 billion from $1.39 billion for the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Alcoa

Posted: 06 Jan 2012 05:50 AM PST

Alcoa Inc. (AA), the largest U.S. aluminum producer, announced that it would release its results for the fourth quarter of 2011 after the market closes on January 9, 2012.
Alcoa Inc. reported adjusted earnings per share of 15 cents per share, missing the Zacks Consensus Estimate of 22 cents per share. Adjusted earnings more than doubled from 6 cents per share reported in the year-ago quarter, but were down 46.4% than the sequential quarter earnings of 28 cents per share due to lower metal … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Non-farm Payrolls Rise More-than-expected

Posted: 06 Jan 2012 05:45 AM PST

Forexpros – U.S. non-farm payrolls rose more-than-expected last month, official data showed on Friday.

In a report, the U.S. Department of Labor said non-farm payrolls rose to a seasonally adjusted 200K, from 100K in the preceding month whose figure was revised down from 120K.

Analysts had expected U.S. non-farm payrolls to rise 150K last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Unemployment Rate Falls Unexpectedly

Posted: 06 Jan 2012 05:40 AM PST

Forexpros – The rate of unemployment in the U.S. last month fell unexpectedly, official data showed on Friday.

In a report, the U.S. Department of Labor said the unemployment rate fell to a seasonally adjusted 8.5%, from 8.6% in the preceding month .

Analysts had expected the U.S. unemployment rate to rise to 8.7% last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Comcast Inks Deal With Disney

Posted: 06 Jan 2012 05:35 AM PST

In a major strategic move, Comcast Corp. (NASDAQ:CMCSA), the largest cable MSO in the U.S., has inked a 10-year long-term comprehensive programming distribution deal with Walt Disney Co. (NYSE:DIS) for its Xfinity TV customers. Xfinity TV subscribers can now watch live or on-demand contents of 70 Disney, ABC, and ESPN services on their TV sets, PCs, smartphones, or tablets. However, the financial terms of the deal are not yet disclosed. Xfinity TV is basically a TVEverywhere service, which Comcast … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

AngioDynamics Beats, Tweaks View

Posted: 06 Jan 2012 05:20 AM PST

Therapeutic and diagnostic devices maker AngioDynamics (NASDAQ:ANGO) reported second-quarter fiscal 2012 (ended November 30) adjusted (excluding one-time charges) earnings of 13 cents per share, beating the Zacks Consensus Estimate by a penny while matching the year-ago earnings.
The New York-based company's profit (as reported) slid 29% year over year to $2.3 million (or 9 cents a share), hurt by charges associated with the CEO transition and the transfer of laser manufacturing from the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Oil Futures Advance On Strong U.S. Numbers

Posted: 06 Jan 2012 04:56 AM PST

Forexpros – Crude oil futures moved toward a weekly gain in New York Friday on strong U.S. economic numbers and Iranian supply worries.

On the New York Mercantile Exchange, light sweet crude futures for February settlement traded at USD102.33 a barrel during early U.S. trade giving climbing 0.51%.

It earlier hit a daily high of USD102.53 and a low of USD101.31 a barrel.

Slight weakness in the U.S. dollar helped lift oil prices.

The dollar index, which tracks the performance of the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Higher Despite Negative Euro Zone Data

Posted: 06 Jan 2012 04:33 AM PST

Forexpros – The euro traded slightly higher against the dollar in mid London trade Friday despite euro zone confidence numbers hitting two year lows and a disappointing French bond auction.

EUR/USD hit a low of 1.2764 during U.S. trade. The pair is off a high of 1.2813 and is currently trading at 1.2798 up 0.06%.

The pair was likely to find support at 1.2764 and technical resistance exists at 1.2813.

The single currency was pointing toward its fifth weekly loss against the greenback and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CAD Up On Economic Data

Posted: 06 Jan 2012 04:15 AM PST

Forexpros – The U.S. Dollar was higher against the Canadian Dollar on Friday after the release of Canadian data on Employment Change.

USD/CAD was trading at 1.0205, up 0.07% at time of writing.

The pair was likely to find support at 1.0077, Tuesday's low, and resistance at 1.0225, Thursday's high.

Earlier in the day, official data showed that Canadian employment change rose more-than-expected to a seasonally adjusted 17.5K last month from -18.6K in the preceding month.

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

Canadian Unemployment Rate Rises Unexpectedly

Posted: 06 Jan 2012 04:10 AM PST

Forexpros – The rate of unemployment in Canada rose unexpectedly last month, official data showed on Friday.

In a report, Statistics Canada said that Canadian unemployment rate rose to a seasonally adjusted 7.5%, from 7.4% in the preceding month.

Analysts had expected Canadian unemployment rate to remain unchanged at 7.4% last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Buy A Home When You Already Have One – A Special Requirement

Posted: 06 Jan 2012 03:24 AM PST

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


Forex – EUR/USD Up On Economic Data

Posted: 06 Jan 2012 03:15 AM PST

Forexpros – The Euro was higher against the U.S. Dollar on Friday after the release of euro zone data on German Factory Orders.

EUR/USD was trading at 1.2790, up 0.01% at time of writing.

The pair was likely to find support at 1.2764, today's low, and resistance at 1.3077, Tuesday's high.

Earlier in the day, official data showed that German factory orders fell more-than-expected to a seasonally adjusted -4.8% last month from 5.2% in the preceding month.

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

German Factory Orders Fall More-than-expected

Posted: 06 Jan 2012 03:10 AM PST

Forexpros – German factory orders fell more-than-expected last month, official data showed on Friday.

In a report, Bundesministerium für Wirtschaft und Technologie said that German factory orders fell to a seasonally adjusted -4.8%, from 5.2% in the preceding month.

Analysts had expected German factory orders to fall -1.6% last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Singapore Stock Market Update For Friday 06 January

Posted: 05 Jan 2012 10:49 PM PST

Market retraced after past up sessions. We expect market to consolidate before a trend starts. At current point, we advise staying sideline as market shows great uncertainty, mainly in the Euro zone as well as good news from the US.

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