Tuesday, February 21, 2012

DailyMarkets.com - Agnico-Eagle Slips In 4Q

DailyMarkets.com - Agnico-Eagle Slips In 4Q

Agnico-Eagle Slips In 4Q

Posted: 21 Feb 2012 08:00 AM PST

Agnico-Eagle Mines Limited (NYSE:AEM) reported net income of $76.2 million or 45 cents per share in the fourth quarter of 2011 compared with $88.0 million or 53 cents per share. Reported net income per share missed the Zacks Consensus Estimate of 50 cents per share.
Considering one-time expenses, the company incurred net loss of $601.4 million or $3.53 per share in the quarter compared with net income of $88.0 million or 51 cents per share in the year-ago quarter. For the full year, net loss was … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Beat For Acorda

Posted: 21 Feb 2012 07:35 AM PST

Acorda Therapeutics Inc.'s (NASDAQ:ACOR) fourth quarter earnings (including share-based compensation charges) of 32 cents per share were way above the Zacks Consensus Estimate of 17 cents and the year-ago earnings of 9 cents per share. Fiscal year 2011 earnings (including share-based compensation charges) of 64 cents per share were also higher than the Zacks Consensus Estimate of 62 cents per share and the year-ago loss of 31 cents per share. The company reported earnings (excluding share-based … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Cabot Beats, Reserve Increases

Posted: 21 Feb 2012 07:20 AM PST

Independent energy exploration and production company Cabot Oil and Gas (NYSE:COG) has reported impressive fourth quarter and full year 2011 results, aided by higher production, strong drilling performance at Marcellus Shale and lower exploration costs.
Quarterly earnings per share (excluding special items) came in at 20 cents, surpassing the Zacks Consensus Estimate of 14 cents. Comparing year over year, earnings increased 100% from 10 cents per share.
For full-year 2011, the company posted … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Talisman Lags EPS, Beats Rev

Posted: 21 Feb 2012 07:10 AM PST

Canadian energy explorer Talisman Energy Inc. (NYSE:TLM) came out with better-than-expected fourth quarter and full year 2011 results, reflecting higher oil prices and successful drilling, partially offset by lower gains on asset sales coupled with steeper operating costs.
Alberta-based Talisman, which recently changed its reporting currency to U.S. dollars, announced earnings per share from continuing operations (excluding non-operating items) of 11 cents, below the Zacks Consensus Estimate of 19 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Natural Gas Prices Are The Lowest Since 1999

Posted: 21 Feb 2012 07:05 AM PST

Based on data through the middle of February from the EIA, the inflation-adjusted spot price of natural gas (Henry Hub Gulf Coast) this month at $2.50 per million BTUs is close to the lowest price in the history of the EIA data back to January of 1997 (see chart above).  There have been only three other months in the  last 15 years that real spot gas prices have been lower: December 1998 ($2.40), February 1999 ($2.45) and March 1999 ($2.48).

Welcome to America’s shale gas … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Kraft In-Line, Provides Outlook

Posted: 21 Feb 2012 07:01 AM PST

Kraft Foods Inc. (NYSE:KFT) posted fourth-quarter 2011 operating EPS of 57 cents per share, which was in-line with the Zacks Consensus Estimate. However, it went up 23.9% from 47 cents reported in the prior-year quarter.
In fiscal year 2011, Kraft delivered operating EPS of $2.29 per share, in-line with the Zacks Consensus Estimate, while beating the year-ago period by 13.4%.
The results of fourth quarter 2011 exclude the integration program costs of 8 cents per share and spin-off costs of 2 cents … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

TC PipeLines Shy Of Estimates

Posted: 21 Feb 2012 06:55 AM PST

Pipeline operator TC PipeLines L.P. (TCP) announced weak fourth-quarter 2011 results, reflecting lower equity income from Great Lakes and Northern Border pipeline systems, as well as higher financing charges. These were partially offset by higher earnings from 'Other Pipes', together with contributions from the recently acquired 25% interests in two other major U.S. gas pipelines – Gas Transmission Northwest LLC (GTN) and Bison Pipeline LLC – bought from parent TransCanada Corp. (TRP) … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

RadioShack Meets Zacks Estimates

Posted: 21 Feb 2012 06:55 AM PST

Before the opening bell today,  RadioShack Corp. (NYSE:RSH) declared its fourth-quarter 2011 financial results, mostly in line with the Zacks Consensus Estimates. The Comparable store sales for the company-operated stores and kiosks (stores and kiosks opened at least a year) increased 2.2% year over year. This is a key retail performance indicator measuring growth from existing sales locations.
GAAP net income, in the fourth quarter of 2011 from continuing operations was $11.9 million or 12 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Greece Gets Bailout But EURUSD Fails To Post Meaningful Gains

Posted: 21 Feb 2012 06:53 AM PST

Fundamental Headlines
- Greek Rescue Leaves Europe Default Risk Alive – Bloomberg
- Romney Talks Economy – Bloomberg
- Iran Says Would Act Against Enemies if Endangered – Reuters
- Europe Reaches a Greek Deal – WSJ
- Fed Writes Sweeping Rules from Behind Closed Doors – WSJ
European Session Summary
Price action in the overnight was volatile, but underscores my main critique of current market conditions: participants remain anxious and continue to trade based on headlines. Such was the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

ONEOK Tops EPS, Sales Miss

Posted: 21 Feb 2012 06:27 AM PST

ONEOK Inc. (NYSE:OKE) reported earnings of $1.08 per share in the fourth quarter of 2011, up from 77 cents per share in the year-ago quarter. The quarterly results surpassed the Zacks Consensus Estimate by 2 cents.
The year-over-year growth was propelled by a solid performance at the ONEOK Partner segment. The segment benefited from strong natural gas liquids ("NGL") price differentials and higher volumes of natural gas liquids and natural gas.
Fiscal 2011 operating earnings of the company … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Greece Gets A Deal…Now What?

Posted: 21 Feb 2012 06:27 AM PST

Today's market action will reflect optimism about the European situation following the weekend deal for Greece. The deal removes the possibility of a near-term disorderly Greek default that had emerged as a key possibility in recent days. With the domestic economic calendar today lacking anything substantive, it will be interesting to see if the favorable European news will be enough to push the Dow above the 13,000 mark today.
 
Greece finally got the deal, which not only provides for a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

ONEOK Tops EPS, Sales Miss

Posted: 21 Feb 2012 06:27 AM PST

ONEOK Inc. (NYSE:OKE) reported earnings of $1.08 per share in the fourth quarter of 2011, up from 77 cents per share in the year-ago quarter. The quarterly results surpassed the Zacks Consensus Estimate by 2 cents.
The year-over-year growth was propelled by a solid performance at the ONEOK Partner segment. The segment benefited from strong natural gas liquids ("NGL") price differentials and higher volumes of natural gas liquids and natural gas.
Fiscal 2011 operating earnings of the company … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stock Market News Briefs: Baidu.com, Campbell Soup Company, General Mills, Morgan Stanley, Vivus

Posted: 21 Feb 2012 06:27 AM PST

    Morgan Stanley's (NYSE:MS) statement that they expect "macro overhangs" to pull down Baidu, Inc.'s (NASDAQ:BIDU) 2012 earnings growth dragged the stock of the latter down by 3.5%

    Shares of General Mills, Inc. (NYSE:GIS) declined 3.6% after the company said it needed to lower 2012 earnings projections owing to soft US sales volumes over the last two months

    Shares of Campbell Soup Company (NYSE:CPB) rose 2.6% after reporting second-quarter … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

BPP@MIT Data Show Inflation Trending Downward

Posted: 21 Feb 2012 06:23 AM PST

The Billion Prices Project @ MIT just updated its daily online price index through the end of January 2012, and the annual inflation rates from that index are displayed in the graph above.  After peaking at close to 4% in the one-year period through the end of July 2011, the annual inflation rate from the BPP @ MIT daily price index has been trending downward, and the current rate is about 2.75%, the lowest annual inflation in almost a year.    

According to this real-time, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Penn Virginia Lags Estimates

Posted: 21 Feb 2012 06:06 AM PST

Penn Virginia Resource Partners L.P. (PVR) reported fourth quarter 2011 pro forma earnings of 23 cents per limited partner unit, down 11.5% from the year-ago earnings of 26 cents per limited partner unit. The partnership's quarterly earnings were below the Zacks Consensus Estimate of 33 cents.
Penn Virginia's 2011 pro forma earnings were $1.45 per limited partner unit compared with 97 cents per limited partner unit reported in fiscal 2010. The reported earnings were in line with the Zacks … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Televisa 4Q Underperforms

Posted: 21 Feb 2012 05:50 AM PST

Grupo Televisa S.A.B. (NYSE:TV) reported fourth-quarter 2011 financial results, which fell below the Zacks Consensus Estimates. A significant surge in financing costs hurt the company the most.  Quarterly consolidated net income was approximately $155 million, down 17.3% year over year. Fourth-quarter EPGDS (Earnings per Global Depository Shares) was 27 cents, significantly below the Zacks Consensus Estimate of 36 cents. Quarterly consolidated net revenue of $1,306.6 million was an … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Red Robin Way Ahead Of Estimates

Posted: 21 Feb 2012 05:35 AM PST

Casual dining restaurant operator Red Robin Gourmet Burgers Inc. (NASDAQ:RRGB) reported adjusted earnings of 28 cents per share in the fourth quarter of 2011, way ahead of the Zacks Consensus Estimate of 20 cents as well as the year-ago quarter earnings of 13 cents per share. In fiscal 2011, adjusted earnings were $1.61 per share versus 71 cents in the prior year.
However, including asset impairment and restaurant closure costs, GAAP net income in the reported quarter came in at $2.9 million or 20 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Commodities Poised For A New Rally

Posted: 21 Feb 2012 05:31 AM PST

The market has had an impressive run since the start of the year, but one sector that has lagged is the commodities sector.  Unlike general stocks, commodities are still quite a ways away from their 2011 highs.  Recession fears and a surging dollar contributed to the weakness in commodities last year.  But a number of factors are starting to show the tide potentially turning for the commodities sector going forward in 2012.
In the first leg of the secular bull market in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

BJ’s Restaurants Beats In 4Q

Posted: 21 Feb 2012 05:21 AM PST

BJ's Restaurants Inc. (NASDAQ:BJRI) reported fourth-quarter 2011 adjusted earnings of 34 cents per share, surpassing the Zacks Consensus Estimate of 32 cents as well as the prior-year earnings of 24 cents. The upside was attributable to double-digit growth in the top line and strong comparable restaurant sales growth. One extra operating week in the fourth quarter of 2011 also led to an easy comparison. In full-fiscal 2011, earnings were $1.08 versus 82 cents recorded in the previous year.
Inside … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

A Bull And Bear Market

Posted: 21 Feb 2012 03:00 AM PST

02/21/12 NYFP’s “Wall Street Lingo”: Ben Willis of Sunrise Securities describes the origin of the terms ‘bull market’ and ‘bear … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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