Thursday, January 26, 2012

DailyMarkets.com - Time Warner Reports Strong 4Q

DailyMarkets.com - Time Warner Reports Strong 4Q


Time Warner Reports Strong 4Q

Posted: 26 Jan 2012 09:50 AM PST

Time Warner Cable Inc. (NYSE:TWC) reported strong fourth-quarter 2011 financial results, with both the top line and bottom line beating the Zacks Consensus Estimate. During the earnings call, the company also sanctioned a share repurchase program worth $4 billion and hiked its quarterly dividend by 17% to 56 cents.
Quarterly GAAP net income was $564 million or $1.75 per share compared with a net income of $392 million or $1.09 per share in the prior-year quarter. Fourth-quarter 2011 adjusted … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Time Warner Reports Strong 4Q

Posted: 26 Jan 2012 09:50 AM PST

Time Warner Cable Inc. (NYSE:TWC) reported strong fourth-quarter 2011 financial results, with both the top line and bottom line beating the Zacks Consensus Estimate. During the earnings call, the company also sanctioned a share repurchase program worth $4 billion and hiked its quarterly dividend by 17% to 56 cents.
Quarterly GAAP net income was $564 million or $1.75 per share compared with a net income of $392 million or $1.09 per share in the prior-year quarter. Fourth-quarter 2011 adjusted … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Zimmer Beats Estimates

Posted: 26 Jan 2012 09:40 AM PST

Zimmer Holdings (NYSE:ZMH) reported an adjusted EPS of $1.36 during the fourth quarter of fiscal 2011, up 7.1% year over year and a couple of cents ahead of the Zacks Consensus Estimate. During the reported quarter, the company recorded $108.0 million provision for claims related to the Durom Acetabular component, which has been taken into account in the adjusted figure. For the full year, the adjusted EPS increased 10.9% to $4.80, surpassing the Zacks Consensus Estimate of $4.78.
Revenues … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Nokia Beats In 4Q But Sales Decline

Posted: 26 Jan 2012 09:33 AM PST

Nokia Corp. (NYSE:NOK), the largest mobile phone manufacturer of the world, declared its fourth-quarter 2011 financial result where both the top and bottom line beats the Zacks Consensus Estimate.
Quarterly net revenue was approximately $13,496.7 million, down 21% year over year but was above the Zacks Consensus Estimate of $13,407 million. Quarterly net loss was approximately $1286.9 million or a loss of 39 cents per share compared with a net income of $1,192.5 million or 27 cents per share in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


FOMC Statement Emboldens Inflation Hawks

Posted: 26 Jan 2012 09:26 AM PST

Thursday, January 26, 2012
The appeal of Gold futures as a hedge against inflation rose with the FOMC’s confirmation that interest rates will be kept low over the next 2-3 years. The Fed’s focus on growth versus inflation may be a bit misguided, as inflation data has been skewed by the financial crisis in Europe and lower raw material prices in China. Inflation may be an uncontrollable beast once it is let out of its cage. Technically, the April Gold chart shows a breakout above congestion at … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex Trading: EURUSD Makes New Highs, But Comes Off. 1.3192-96 Looms Above

Posted: 26 Jan 2012 09:22 AM PST

The EURUSD has extended to new highs as the rally off the FOMC easy policy continues to drive the market. However, the push above the days high was quickly rejected (high reached 1.3183.  Good resistance at the 1.3192-96 level may have been a contributor to the offers.  At the level, channel trendline resistance from the hourly chart and the daily chart gives the longs a reason to take profit.

With the low to high range below the norm of 133 pips (94 pips so far) there is a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex Trading: GBPUSD Moves Above 100 Day MA And Looks To Close Above The Level Today

Posted: 26 Jan 2012 09:22 AM PST

The GBPUSD has moved above the 100 day MA for the second consecutive day.  Yesterday, the price moved above the level but the price did not sustain the move and closed below.  The last time the price closed above the 100 day MA was November 11, 2011.  Today the 100 day MA comes in at 1.5664 level.  On the topside the 50% of the move down from November comes in at 1.5698. The price moved above this level earlier but could not sustain the move. This … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex Trading: USDJPY Breaks Below The 100 Hour MA At 77.41. The 77.13/20 Area Is Good Support Now

Posted: 26 Jan 2012 09:22 AM PST

The USDJPY has been unwinding the rally that took the price above the 100 day MA (blue line below) and  right up to the 200 day MA just yesterday (green line in the chart below). The price has just fallen below the 50% retracement of the move higher and the 100 hour MA at the 77.41 level (see chart above). Traders will be looking for the market to stay below this level  and continue with the momentum move toward the 77.177- 77.20 level (100 day MA and 61.8% … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex Trading: USDCAD Breaks Below Floor Area. Moves Toward 200 Day MA

Posted: 26 Jan 2012 09:22 AM PST

The USDCAD gave way below floor support today at the 1.0049 area and is moving toward key support at the 200 day MA. The level comes in at 0.9946. I would expect buyers against the level on the 1st test. Before it breaks toward that level, however, the intraday chart has been following a downward channel over the last 4-5 hours of trading. The channel support comes in at the 0.9978 level currently. The topside trendline comes in at 0.9997 on the same chart. These are the guardrails … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Noble Misses But Utilization Grows

Posted: 26 Jan 2012 09:12 AM PST

Leading contract drilling company, Noble Corporation (NYSE:NE) reported fourth quarter 2011 earnings of 50 cents per share, missing the Zacks Consensus Estimate by a penny. However, reported earnings comprehensively beat the adjusted year-earlier profit of 39 cents per share, on the back of solid demand for its wide range of rigs and vessels.
For full-year 2011, Noble reported earnings of $1.46 per share compared with $3.02 per share in 2010. However, the full-year earnings beat the Zacks … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Symantec Beats, Outlook Weak

Posted: 26 Jan 2012 09:12 AM PST

Symantec Corporation (NASDAQ:SYMC) reported earnings per share of 38 cents in the third quarter of 2012, a penny ahead of the Zacks Consensus Estimate. The company's shares grew 1.05% in the after-hour trade, subsequent to the earnings release. The quarterly beat was driven by higher demand for its security solutions. Increase in worldwide data sharing is forcing enterprises to deploy security measures to prevent data mishandling. Symantec also witnessed strong demand for its data loss prevention, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Stock Market News Briefs: Bemis Company, CA, LM Ericsson Telephone Company, Corning Incorporated

Posted: 26 Jan 2012 09:12 AM PST

    Manufacturer of flexible packaging products Bemis Co.'s (NYSE:BMS) shares rose 6% to end the day at $31.79 after the company posted better-than-expected fourth-quarter profits

    Share prices of WellPoint Inc. (NSYE:WLP) retreated 4.76% after the health insurer said it expects its 2012 earnings to come in below the Street's expectations

    Specialty glass maker  Corning Inc.'s (NYSE:GLW) share prices fell 10.74% after the company … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Murphy EPS Takes A Beating, Revs Up

Posted: 26 Jan 2012 09:12 AM PST

Murphy Oil Corporation (NYSE:MUR) engaging in the exploration, production, refining and marketing of oil and gas in the U.S. and the U.K announced fourth quarter and fiscal 2011 results. Loss from continuing operations was 59 cents, far below the Zacks Consensus Estimate of earnings of $1.41 and the year-ago earnings of 77 cents per share. The significant year-over-year decline reflects an impairment charge of $368.6 million for the Azurite field in the Republic of the Congo. However, this was … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Netflix’s 4Q Soars On Higher Users

Posted: 26 Jan 2012 09:11 AM PST

Netflix Inc. (NFLX) reported fourth quarter 2011 diluted earnings of 73 cents per share, breezing past the Zacks Consensus Estimate of 55 cents per share and management's guidance range of 36 cents to 70 cents. However, EPS declined 16.1% year over year, primarily due to higher operating expenses in the quarter.
Total revenue increased 47.0% year over year to $875.6 million, surpassing the Zacks Consensus Estimate of $862.0 million. Most importantly, subscriber growth rebounded in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


AmerisourceBergen Posts EPS In Line

Posted: 26 Jan 2012 09:11 AM PST

AmerisourceBergen Corporation (NYSE:ABC) posted first quarter fiscal 2012 adjusted earnings of 63 cents per share, in line with the Zacks Consensus Estimate. However, earnings increased 10.5% from the year-ago period, spurred by higher revenues and a lower share count.
Revenues
Total revenue for the fourth quarter edged up 2.4% to $20.4 billion, beating the Zacks Consensus Estimate of $20.0 billion. The increase in revenues was the result of a 2.1% climb in AmerisourceBergen Drug Corporation's … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Good News Starts With Caterpillar

Posted: 26 Jan 2012 09:11 AM PST

The deluge of this morning's favorable economic and earnings reports should help stocks sustain Wednesday's Fed-inspired gains. We got positive weekly Initial Jobless Claims numbers and a better-than-expected Durable Goods Orders reading. On the earnings front, Caterpillar's (NYSE:CAT) blowout results will likely ease some of the lingering concerns about weakness in China and other emerging markets.

Of this morning's economic releases, the most important number was the roughly in-line … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Delta Outperforms On Higher Fares

Posted: 26 Jan 2012 09:11 AM PST

The second largest U.S. airline Delta Air Lines (NYSE:DAL) reported fourth quarter 2011 adjusted earnings of 45 cents per share surpassing the Zacks Consensus Estimate by 8 cents. The outstanding performance in the quarter was credited to fare hikes, cost-cutting measures and fuel hedging programs that fully offset surging fuel prices.
On a GAAP basis, earnings per share jumped to 50 cents in the quarter from 2 cents in the year-ago quarter. Earnings in fiscal 2011 shot up 44.3% year over year to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Colgate Beats, Margins Lag On Costs

Posted: 26 Jan 2012 09:11 AM PST

Colgate-Palmolive Company (NYSE:CL) posted fourth-quarter 2011 adjusted earnings of $1.30 per share, beating the Zacks Consensus Estimate by a penny. Adjusted earnings also surpassed the prior-year quarter level of $1.24 per share by approximately 5%.
Global net sales increased nearly 5% year over year to $4,172 million based on a 3% surge in pricing and 4% upside in global unit volume, partially offset by a 2% negative impact from foreign exchange. On an organic basis (excluding foreign … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Mixed 4Q For EQT, Lowers Forecast

Posted: 26 Jan 2012 09:11 AM PST

EQT Corporation's (NYSE:EQT) fourth quarter 2011 earnings rose 22.4% year over year to 60 cents, surpassing the Zacks Consensus Estimate of 55 cents. The outperformance was driven by higher production volume, which averaged 53 billion cubic feet equivalent/Bcfe in the quarter.
Net operating revenue in the quarter stood at $369.9 million, exhibiting a 20% year-over-year improvement, mainly attributable to higher production and gathering and transmission volumes. However, reported revenue fell … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Celgene Misses Narrowly In 4Q

Posted: 26 Jan 2012 09:11 AM PST

Celgene Corporation's (NASDAQ:CELG) fourth quarter 2011 earnings (excluding special items but including stock-based compensation expense) of 93 cents per share was below the Zacks Consensus Estimate by 2 cents but above the year-ago earnings by 31 cents.
Quarter in Details
Total revenue climbed approximately 20% to $1.28 billion in the final quarter of 2011. Revenues were boosted by the impressive performance of Celgene's cancer products Revlimid and Vidaza. Revenues for the quarter were just … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


SWK Ups Estimate, Outlook Impressive

Posted: 26 Jan 2012 09:11 AM PST

StanleyBlack & Decker (NYSE:SWK) reported its financial results for the fourth quarter of 2011 with earnings per share from continuing operations of $1.36, up from $1.07 reported in the year-ago comparable quarter. Earnings also surpassed the Zacks Consensus Estimate of $1.28
GAAP EPS including 31 cents of merger related charges was $1.05 compared with 83 cents in the fourth quarter of 2010.
For the fiscal year 2011, EPS was $5.24 versus $4.15 reported in the previous year and the Zacks … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Baxter Beats Estimates

Posted: 26 Jan 2012 09:11 AM PST

Baxter International Inc. (NYSE:BAX) reported fourth quarter and fiscal 2011 adjusted (excluding one-time items) earnings per share of $1.17 and $4.31, respectively, thereby beating the corresponding Zacks Consensus Estimates of $1.16 and $4.30, and surpassing the year-ago earnings of $1.11 and $3.98, respectively. The fourth quarter results were in line with Baxter's earlier earnings guidance of $1.15 to $1.18.
Baxter reported a profit of $463 million (or 82 cents per share) for the quarter … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Lofty Subsidies Hurt AT&T’s 4Q

Posted: 26 Jan 2012 09:11 AM PST

AT&T Inc. (NYSE:T), the second largest mobile service provider in the U.S, reported fourth quarter 2011 adjusted earnings of 42 cents per share lagging the Zacks Consensus Estimate by a penny and 23.6% down from the year-ago quarter.
Despite solid smartphone sales, earnings slipped due to high churn rate and lofty subsidies associated with Apple Inc.'s (NASDAQ:AAPL) iPhone.
Adjusted earnings in the quarter exclude non-cash charges of 65 cents related to pension benefit plans, 48 cents in asset … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Covidien EPS Tops, Snips Sales View

Posted: 26 Jan 2012 09:11 AM PST

International medical technology giant Covidien plc's (NYSE:COV) first-quarter fiscal 2012 adjusted earnings per share (from continuing operation) of $1.13 outpaced the Zacks Consensus Estimate of $1.03 and exceeded the year-ago earnings of 95 cents. Adjusted earnings exclude one-time items such as restructuring and legal charges as well as costs related to the spin off of the company's Pharmaceuticals division.
Net income (from continuing operation) for the quarter surged roughly 14% year … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Positive Feedback Loop Situations In SPX Price

Posted: 26 Jan 2012 08:56 AM PST

One of the main activities that trip up traders, especially new traders, is the concept of continual price movement in one direction without meaningful pullbacks – also known as "powerful trends," "creeper trends," or "positive feedback loops."
Let's take a look at the current situation and put it in the context of prior S&P 500 day-over-day one directional movement.
First, the hourly S&P 500 pure price chart:

Let's first define a "Positive Feedback Loop" and see … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Dow Tops 12,800, Extends Fed Pledge Boost

Posted: 26 Jan 2012 08:20 AM PST

01/26/12 Wall Street extended prior session gains on the latest earnings and economic data releases. Commodities continued to be supported by the FOMC rate … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Jeff Clavier, Business Angel: “Successful Startup Companies…need Scale Potential”

Posted: 26 Jan 2012 03:05 AM PST

01/26/12 Founder and managing partner of SoftTech VC, Jeff Clavier, discusses investment trends in US startups and the pulse of entrepreneurship in Silicon … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Euro Hits 5-week High Vs. Dollar

Posted: 26 Jan 2012 03:00 AM PST

01/26/12 The euro has hit a 5-week high against the greenback this morning on growing speculation of progress in Greece’s debt talks while US durable goods were … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Chart Of The Day: Energy Shares Through 2030

Posted: 26 Jan 2012 07:44 AM PST

The chart above is from the “BP Energy Outlook 2030″ (p. 18) and shows the historical and estimated future mix of world energy sources through 2030.  Some key points:

1. In the future, natural gas usage as a share of total energy will increase, oil usage will decrease, and coal’s share of energy consumption will be about the same, and those three hydrocarbons will converge in 2030 at about a 28% share for each energy source.

2. Renewables (including biofuels) will increase in importance … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Taking Profit On Sands China

Posted: 26 Jan 2012 07:06 AM PST

January had been a fantastic month for the stock market. The Dow Jones Industrial index rallied approximately 4% in this month alone.
We believe the Dow will hit strong resistance nearing the 12880 level and we're expecting the market correct. The Euro crisis isn't solved so there should be limited upside potential from here on.

Sands China has hit the top resistance line in our uptrending channel. We believe it is time to take our profit and wait for the stock to correct. The longer … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Markets In Everything: LowestMed App

Posted: 26 Jan 2012 07:01 AM PST

From MedGadget — “LowestMed is a discount prescription service that shops for the lowest price for prescription medications.  The idea is that you enter the medication prescribed, and whether you are at the doctor's office or out looking for a refill, the app tells you (and shows you, via GPS), the pharmacy with the best deal on that … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Oil Gushes Back Above $101

Posted: 26 Jan 2012 02:00 AM PST

01/26/12 Front month crude prices were once again in positive territory led by speculation of Greek debt talk progress helping boost the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Australian Dollar, Gold Rally As Fed’s Policy Stokes Risk-Appetite

Posted: 26 Jan 2012 06:49 AM PST

Fundamental Headlines
• Bernanke Makes Case for More Bond Buying – Bloomberg
• French Socialist Pledges Retirement Age Cut – Bloomberg
• ECB at Centre as Greek Debt Talks Resume – Reuters
• Durable-Goods Orders Jump – WSJ
• More Drones, Fewer Troops – WSJ
European Session Summary
After the U.S. Dollar sold off across the board late in North American trading yesterday, it appeared that some relief was on the horizon, with the Greenback clawing back in early Asian trading on … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Global Markets Get A Fed Boost

Posted: 26 Jan 2012 01:15 AM PST

01/26/12 Global markets were in positive territory after the Fed pledged to keep rates at low levels for near 2 years while speculation of progress in Greek debt talks have injected equities with … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Investing Basics: What You Need To Know About The Price Earnings (P/E) Ratio

Posted: 26 Jan 2012 12:48 AM PST

When it comes to valuing stocks, the price-to-earnings (P/E) ratio is the number one metric for investors that want an instant fix on what the market thinks of a company. But while the beloved P/E can tell you a lot about a share price there are health warnings to heed if you don't want to be left exposed by its limitations.
What is the P/E ratio?
The price/earnings, P/E or 'multiple' as it is sometimes called compares a company's stock price with its historic EPS, or earnings per share … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


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