Wednesday, February 8, 2012

DailyMarkets.com - Caesars Rallies On IPO

DailyMarkets.com - Caesars Rallies On IPO


Caesars Rallies On IPO

Posted: 08 Feb 2012 05:00 PM PST

02/08/12 Caesars Entertainment shares saw a double-digit percentage gain. The casino operator marked its debut with a modest IPO – a significantly smaller offering than its 2010 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Hot Option Plays: Overbought Market?

Posted: 08 Feb 2012 04:19 PM PST

Cusick’s Corner 02-08-2012
I apologize that this is late but I am in NYC at the NYSE. Not much has changed in terms of indecision and while this might be frustrating, it does not change the overall trend of the market — up. Now this does not mean that the market isn’t susceptible to a pullback, this may be an overbought market. I feel that a pullback could be healthy and with all four offensive sectors, XLF, XLE, XLY, XLK, all outperforming the overall market, SPY, I am not going to fade this … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


US Dollar Bulls Your Turn To Rock And Roll

Posted: 08 Feb 2012 04:02 PM PST

Well its crunch time for the US dollar bullish trend (unless of course we get a real nasty shake out), its time for the bulls to show up and rock the trend higher.

Why should the US Dollar go higher:
- ECB balance sheet is expanding faster than the FED
- Stock market top (maybe, golly gosh who would pick that)
- The misinformation around Greece just may get very real

Technically we are yet to secure a full fledge break out (mark up process), but things are warming up, so for the US dollar … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Synovus Offers Senior Notes

Posted: 08 Feb 2012 03:40 PM PST

On Tuesday, Synovus Financial Corp. (NYSE:SNV) announced the public offering of its senior notes worth $250 million. The notes will be due in 2019. The terms of the new notes offering were not fully disclosed.
The proceeds from the offering are intended to be used for the repayment of subordinated notes, due in February 2013. These notes are of total principal amount of $206.75 million, carrying an interest of 4.875%. The remaining amount will be used for other general corporate … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


New Tool, RTT Stock Market Mechanical Timer

Posted: 08 Feb 2012 03:34 PM PST

There is no better investment tool than the educated human mind, but sometimes the mind needs a benchmark to challenge it’s position. Our stock market mechanical market timer is one you want to beat.

We have constructed a stock market timer based on our custom NSYE RTT Advance Decline index. At the moment it is a free add on to all members. It is a long/buy only market entry timer. So in sinking markets you need to be a little careful, other wise its performance is just fine.

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


Bear Stearns Circa 1985, “Thanks For The Memories”

Posted: 08 Feb 2012 03:31 PM PST

I worked as a mortgage trader at Bear Stearns from 1990 until the end of 1996. Having started my career in the early '80s and learned a lot about the business at First Boston, I will readily admit that my stint at Bear took my time on the sell side of Wall Street to an entirely new level.
While Bear obviously suffered a traumatic demise in 2008, I hope whomever views this marketing video clip of Bear Stearns circa 1985 will appreciate that Bear was a dynamic company filled with many great … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Earnings Scorecard: UTI

Posted: 08 Feb 2012 03:25 PM PST

Macro-economic headwinds, regulatory issues and lower students' enrollment continue to weigh upon Universal Technical Institute Inc. (NYSE:UTI) that went on to post lower-than-expected first-quarter 2012 results.
Street analysts have had time to ponder over the company's scores. In the paragraphs that follow, we cover the recent earnings announcement, subsequent estimate revisions by analysts as well as the Zacks Rank and long-term recommendation for the stock.
Last Quarter Synopsis
Universal … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Alexion Takes Over Enobia Pharma

Posted: 08 Feb 2012 03:20 PM PST

Alexion Pharmaceuticals, Inc. (NASDAQ:ALXN), a US-based biopharmaceutical company, which focuses on developing drugs to treat patients suffering from ultra-rare, severe and life-threatening diseases, announced recently that it has completed the acquisition of privately-held biotech company Enobia Pharma Corporation.
At the time of announcing the deal in December 2011, Alexion Pharma had announced that the all-cash deal could be worth up to $1.08 billion. At that time Alexion Pharma had further … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


BoE, ECB, Jobless Claims In Focus

Posted: 08 Feb 2012 03:20 PM PST

02/08/12 Central bank rate announcements will highlight Thursday’s economic calendar. Weekly US jobless claims are slated for release at 8:30 am … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Alcoa To Review Australian Smelter

Posted: 08 Feb 2012 03:05 PM PST

Alcoa of Australia Ltd., jointly owned by Alcoa Inc. (NYSE:AA) and Alumina Ltd., announced that it will review the future prospects of its Point Henry aluminum smelter in the state of Victoria due to tough global economic conditions.
As per Alcoa, the aluminum industry has been adversely affected by a number of factors, including metal prices, input costs and exchange rates, which have made Point Henry smelter unprofitable. Moreover, the smelter is under review due to the increasing value of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Market Momentum Turning, But Will It Accelerate?

Posted: 08 Feb 2012 03:01 PM PST

Many decry the lack of volume, conviction on the part of most individual investors, the lack of excitement about a market that just doesn't seem to want to turn lower but instead inexorably continues to move higher.  Beneath the surface … Continue reading … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


BP To Divest LPG Filing Biz

Posted: 08 Feb 2012 03:00 PM PST

BP plc (NYSE:BP) aims to exit its liquefied petroleum gas (LPG) bottle and tank filling businesses worldwide as the U.K. giant aims to concentrate more on hydrocarbon production.
The company intends to divest its LPG bottles and tank filling operations in Portugal, UK, Austria, Poland, Netherlands, Belgium, Turkey, China and South Africa, as well as its non-refinery integrated wholesale business.
The divestiture program — expected to be over by the end of 2013 — also comprises LPG storage … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Hold The Bread? CDC: Bread Is #1 Sodium Culprit

Posted: 08 Feb 2012 03:00 PM PST

02/08/12 According to the federal Centers for Disease Control. bbout nine of every ten Americans eat more salt than is recommended, and the biggest culprit is bread, not junk … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Macy’s Slow But Steady Start

Posted: 08 Feb 2012 02:55 PM PST

The U.S. economy is still not out of the woods and the European debt-crisis continues to take its toll on the financial arena. Amid such an economic upheaval, Macy's Inc. (NYSE:M) has been moving on and keeping its upbeat note on the back of relentless endeavors to keep itself on the growth trajectory.
Looking at the current scenario, the holiday season is over and the consumers are giving their wallets a relief as they await another round of austerity measures. Investors have entered 2012 with … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Earnings Scorecard: Precision Castparts

Posted: 08 Feb 2012 02:55 PM PST

Precision Castparts Corp. (NYSE:PCP) reported strong results for the third quarter of 2012. The company achieved top-line growth of 14.0% year over year in the third quarter 2012. The bottom-line figure increased 17.8% year over year but fell short of our estimate by 9 cents. The company's sales increased across all of its business segments.
Third Quarter Highlights
Total revenue in the quarter increased 14.0% year over year to $1.8 billion. The surge in the top line was primarily due to strong … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Goldman Sets To Acquire Dwight

Posted: 08 Feb 2012 02:55 PM PST

Yesterday, Goldman Sachs Asset Management (GSAM), a wing of The Goldman Sachs Group Inc. (NYSE:GS), announced its plan to purchase Vermont-based Dwight Asset Management Company from Old Mutual Asset Management (OMAM). OMAM is a part of London-based savings group, Old Mutual.
The terms of the deal were not yet disclosed. The deal is expected to close in the second quarter of 2012.
Dwight is a stable value investment firm having $42 billion of assets under management as of December 31, 2011. The … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Trade Ideas For Thursday Feb 9

Posted: 08 Feb 2012 02:55 PM PST

( click to enlarge )

Bank of America Corp (NYSE:BAC) closed above its 200-day moving average for the first time since April 2011, with heavy volume. We start to see now some signals of rebound as the technical chart shows positive momentum is back. The money seems to be flowing into the stock as indicated by the technical indicator OBV.

 ( click to enlarge )

Advanced Micro Devices, Inc. (Public, NYSE:AMD) shares closed at 7.25 a gain of 1.68 percent with a volume of 15.6 million of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


MKGAF-THLD Unite For Cancer Cure

Posted: 08 Feb 2012 02:21 PM PST

Merck KGaA (MKGAF) recently announced that it has entered into a global agreement with Threshold Pharmaceuticals, Inc. (NASDAQ:THLD), for the development and commercialization of the latter's hypoxia-targeted candidate, TH-302.
TH-302 is currently being evaluated in late-stage studies, initiated in September 2011, in patients with soft tissue sarcoma. Also, the candidate is currently in a phase II trial in patients with advanced pancreatic cancer. Top-line results are expected in February 2012. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


North Dakota Oil Production Sets Another Record In December, Will Likely Pass CA And AK In Months

Posted: 08 Feb 2012 02:21 PM PST

At the current rate of monthly increases, North Dakota with be the No. 2 oil producing state within months.

The “Economic Miracle State” of North Dakota pumped another record amount of oil during the month of December at a daily rate of almost 535,000 barrels, which was 55% above its output from a year earlier, and the first time that the state’s daily production exceeded 500,000 barrels (see chart above, data here). Oil production in the Peace Garden State has more than doubled … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex Trading: Eur/Try Broke Of A Daily Wedge And Made New Yearly Lows

Posted: 08 Feb 2012 02:18 PM PST

Eur/Try broke of a daily wedge and made new yearly lows giving a bearish … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Cisco Systems Impresses In Q2

Posted: 08 Feb 2012 02:09 PM PST

After the bell Wednesday, Cisco Systems (NASDAQ:CSCO) reported stellar earnings and revenue results that easily beat Zacks Consensus Estimates. The tech giant posted EPS of 43 cents per share (note: at Zacks we do not adjust results for employee stock options) on revenue of $11.5 billion, which bested estimates of 38 cents and $11.23 billion, respectively.

Recall a year ago, when a weak tech environment sent Cisco Systems struggling to gain traction. The company regained focus — not simply on … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Sinopec Sets Mid-12 As Reform Goal

Posted: 08 Feb 2012 02:09 PM PST

China Petrochemical Corp., the parent of China Petroleum & Chemical Corp or Sinopec (NYSE:SNP), has intentions of completing restructuring activities related to its downstream engineering division by mid-2012, as per market sources. The restructuring plans were announced in November 2011.
After the the engineering division is restructured, Sinopec Group plans to list the new vehicle through a public stock offering. The restructuring of Sinopec Group's engineering division would comprise … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


MasterCard Doubles Dividend Payout

Posted: 08 Feb 2012 01:55 PM PST

Basking after a great quarter and year, yesterday, the board of MasterCard Inc. (NYSE:MA) declared a 100% hike in its dividend to 30 cents per share from the prior 15 cents. The increased dividend will be paid on May 9, 2012 to shareholders of its Class A common stock and Class B common stock as of April 9, 2012.
On February 9, 2012, the company paid a quarterly cash dividend of 15 cents per share to the respective shareholders of record as on January 9, 2012. This was announced on December 6, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Walmart Helps People Eat Healthy

Posted: 08 Feb 2012 01:55 PM PST

As a part of the initiative to build a healthy America, retail-major Walmart Stores (NYSE:WMT) has decided to label the foods that meet its health standards. So Americans have an easier way of finding the healthy foods, as Walmart will label those foods with a bright green label that reads: 'Great for You.'
Walmart's decision to label its foods follows the company's announcement of trying to look for ways to improve the nutritional value of the food it sells. The company also said it … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Petrobras Strikes Oil In Amazon

Posted: 08 Feb 2012 01:55 PM PST

Brazilian state-run energy giant, Petroleo Brasileiro S.A. (NYSE:PBR) or Petrobras S.A., announced that it has discovered an accumulation of crude oil and natural gas in Solimoes Basin of the Amazon, onshore northwest Brazil.
Drilled to a total depth of 10,810 feet, the 1-BRSA-961-AMwell, informally known as Igarape Chibata Leste is located in the Coari, 15.5 miles from the Urucu Oil Province. Petrobras controls 100% exploration and production rights in the block.
Initial evaluation suggests that … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


On Track…to A Train Wreck

Posted: 08 Feb 2012 01:46 PM PST

(Image: source)
For the bulls, yesterday’s news of a much higher-than-anticipated jump in consumer borrowing is yet more proof that the recovery is on track:
“U.S. Consumer Credit Climbed by $19.3B in Dec.” (Bloomberg)
Consumer borrowing in the U.S. rose more than forecast in December, driven by demand for auto and student loans.
Credit increased by $19.3 billion to $2.5 trillion, Federal Reserve figures showed today in Washington. The gain topped the $7 billion median forecast of economists … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Mylan Acquires Two Generics

Posted: 08 Feb 2012 01:32 PM PST

Mylan, Inc. (NYSE:MYL), one of the leading generic drug makers in the world, recently announced the acquisition of two generic dermatological products from Canadian company Valeant Pharmaceuticals (NYSE:VRX). Mylan acquired the authorized generic version of Valeant Pharma's Efudex cream indicated for the treatment of multiple actinic or solar keratoses.
Second, Mylan has acquired the abbreviated new drug application (ANDA) for the generic version of Valeant Pharma's topical acne treatment … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


CIT To Redeem Series A Notes

Posted: 08 Feb 2012 01:22 PM PST

CIT Group Inc. (NYSE:CIT) announced its intention to redeem about $4 million of its 7% Series A Notes. Out of which, nearly $1 million notes are set to mature in 2016 and approximately $2.9 billion notes will be maturing in 2017.
CIT aims to complete the redemption on March 9, having already given the redemption notice to the trustees. The Series A notes were issued in December 2009 as a part of CIT's reorganization.
Hence, after the completion of this redemption, all of the Series A Notes will … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Generic Challenge For UTHR’s Remodulin

Posted: 08 Feb 2012 01:22 PM PST

United Therapeutics Corporation (NASDAQ:UTHR) is facing a patent challenge for its lead product, Remodulin (treprostinil) injection. Sandoz, Novartis' (NYSE:NVS) generic unit, is seeking approval for its generic version of Remodulin (10 mg/mL).
The Paragraph IV Certification Notice Letter was received from Sandoz on Feb 3, 2012. Sandoz has filed an Abbreviated New Drug Application (ANDA) with the US Food and Drug Administration (FDA) for its generic version of Remodulin.
Sandoz is challenging three … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


China OKs Citi Credit Card Biz

Posted: 08 Feb 2012 01:22 PM PST

Citigroup Inc. (NYSE:C) will launch its own credit card business in China. Its Chinese subsidiary Citibank (China) Co. Ltd. has received approval from the China Banking Regulatory Commission. The company will launch both retail and commercial cards before the end of this year. This marks a landmark for Citigroup — the first U.S.-based bank to introduce its own credit card in China.
Prior to 2008, foreign companies were only allowed to issue credit cards in collaboration with local companies. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Earnings Scorecard: Microsoft

Posted: 08 Feb 2012 01:22 PM PST

Following the second quarter 2012 earnings announcement on January 19, more than half the analysts covering Microsoft Corp. (NASDAQ:MSFT) have made downward revisions to their estimates. The reason for the downward movement can be traced to the negative affect on the PC supply chain due to hard-disk drive (HDD) shortages and macroeconomic uncertainties that are expected to continue well into 2012.
Last Quarter Synopsis
Microsoft's second quarter results were a couple of cents higher than the Zacks … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Cliffs Scraps Michigan JV

Posted: 08 Feb 2012 01:22 PM PST

Given its strategic priorities and intentions to focus primarily on its core business, Cliffs Natural Resources Inc. Co (NYSE:CLF) intends to scrap its Michigan Iron Nuggets joint venture with Kobe Steel.
Founded in 2007, this joint venture has conducted a number of feasibility studies on the possibility of pursuing a commercially viable process to produce a pig iron substitute using Kobe’s ITmk3 technology and Cliffs’ iron ore assets.
The plant employs less than 10 employees, who will be … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Delta Reports Lower January Traffic

Posted: 08 Feb 2012 12:40 PM PST

Delta Air Lines Inc. (NYSE:DAL) reported a 1.5% year-over-year traffic decline in January. Airline traffic is measured in billions of revenue passenger miles, which means one mile flown by one passenger. Given the slowing space of the economy, international carriers like Delta continues to register limited passenger growth, impacting airline traffic numbers.
However, air fares remained strong due to the reduction in the availability of seats supporting Delta's passenger unit revenue (PRASM), … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Aimco Fiscal FFO Excels Estimates

Posted: 08 Feb 2012 12:30 PM PST

Apartment Investment and Management Company (NYSE:AIV), or Aimco as the real estate investment trust (REIT) is popularly known, reported fiscal 2011 fourth quarter funds from operations (FFO) of $52.2 million or 43 cents per share compared to $41.4 million or 35 cents in the year-ago period. Funds from operations, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income.
Excluding the non-recurring … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Higher Bleeding Haunts Merck Candidate

Posted: 08 Feb 2012 12:30 PM PST

Merck (NYSE:MRK) recently announced top-line data on its anti-clotting candidate, vorapaxar, from the TRA-2P (Thrombin Receptor Antagonist in Secondary Prevention of atherothrombotic ischemic events) study. Although vorapaxar achieved its primary endpoint, bleeding risks were, once again, high.
Results showed that vorapaxar, when added to standard of care, significantly reduced the risk of cardiovascular death, heart attack (myocardial infarction), stroke or urgent coronary revascularization … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Trimble Has Another Good Quarter

Posted: 08 Feb 2012 12:10 PM PST

Trimble Navigation's (NASDAQ:TRMB) fourth quarter earnings exceeded the Zacks Consensus Estimate by 3 cents, or 7.0%. While GAAP earnings exceeded management expectations, non-GAAP earnings fell short.
However, despite softness in some markets, Trimble's solid portfolio (enhanced by acquisitions), strong market position and strategic partnerships will continue to drive both revenue and earnings over the next few quarters. 
Seasonality typically causes huge sequential fluctuations in both … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Louisiana-Pacific’s Loss Widens

Posted: 08 Feb 2012 12:10 PM PST

Louisiana-Pacific Corporation (NYSE:LPX) reported a broader loss of 33 cents per share in the fourth quarter of 2011 compared with the same of 12 cents per share in the same quarter of 2010 and the Zacks Consensus Estimate of a loss of 20 cents per share.
The wider loss was attributable to sluggish demand for building products due to seasonality and inventory reduction actions taken by the company's customers at year’s end.
Net sales in the quarter dipped over 1% to $312.2 million. Adjusted … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Newfield Plans For An ‘Oily’ Future

Posted: 08 Feb 2012 12:10 PM PST

Newfield Exploration Company (NYSE:NFX) appears all set to build an oil-centric growth profile in future, while remaining committed to the monetization of its non-strategic assets. This is evident from the company's full-year 2011 production update, which comprises 20% year-over-year growth in oil or liquids.
Newfield is also concentrating on its asset sale program, which aims to generate proceeds of approximately $735 million. Around $400 million of sales were closed in 2011, while an … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Earnings Scorecard: Textron Inc.

Posted: 08 Feb 2012 11:55 AM PST

Diversified U.S. conglomerate, Textron Inc. (NYSE:TXT) ended fiscal 2011 on a positive note on the back of strong performance at Bell, continued improvement at Cessna, complemented by good performance in the Industrial business. The Providence, Rhode Island based company's fourth-quarter fiscal 2011 adjusted earnings per share of 49 cents outstripped the Zacks Consensus Estimate of 34 cents. Adjusted earnings jumped roughly 48.5% year over year.
Highlights from the Quarter
Textron clocked … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


PMC-Sierra Beats EPS, Misses Rev

Posted: 08 Feb 2012 11:55 AM PST

PMC-Sierra Inc. (NASDAQ:PMCS) has reported fourth quarter 2011 earnings of 13 cents per share, beating the Zacks Consensus Estimate of 10 cents on lower-than-expected expenses. The adjusted earnings per share exclude one-time items, but include stock-based compensation expense.
Revenue
PMC-Sierra reported revenue of $152.6 million in the fourth quarter, down 4.2% from $159.3 million in the year-ago period. Revenue also missed the Zacks Consensus Estimate of $155.0 million, impacted by one less … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Magellan Ends 2011 On Strong Note

Posted: 08 Feb 2012 11:55 AM PST

Pipeline operator Magellan Midstream Partners, L.P. (NYSE:MMP) announced strong fourth quarter 2011 results, aided by the positive effects of higher petroleum prices on its commodity-related activities, as well as contributions from recently-completed acquisitions and expansion projects. These factors more than made up for the weak refined petroleum products demand growth environment.
The Tulsa, Oklahoma-based oil distributor reported earnings per unit (EPU) of $1.02 (excluding mark-to-market … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


CONSOL Energy’s Gas Reserves Dip

Posted: 08 Feb 2012 11:55 AM PST

CONSOL Energy Inc. (NYSE:CNX) announced an increase in its net proved reserve through extensions and discoveries of 517 billion cubic feet ("Bcf") worth $237.4 million in 2011. The company attributes this positive outcome to its held-by-production ("HBP") acreage in the Marcellus Shale and evolving drilling and completion technology. The acreage also helped the company to drill multiple wells from the same pad.
Despite an increase of 517 Bcf through extensions and discoveries in 2011, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


FAN, BICK

Posted: 08 Feb 2012 11:30 AM PST

Weekly update on the First Trust Global Wind Energy Index Fund and the First Trust BICK Index … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Earning Scorecard: Time Warner Cable

Posted: 08 Feb 2012 11:25 AM PST

Time Warner Cable Inc. (NYSE:TWC) reported encouraging results for the fourth quarter of 2011, surpassing both the top and bottom line of the Zacks Consensus Estimate. Such improved performance was mainly driven by the growth in the high-speed data customers in both the residence and business segment coupled with increased demand for bundle products (inclusive of premium services).
Fourth Quarter Highlights
Quarterly GAAP net income was $564 million or $1.75 per share compared with a net income of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Amgen Upped To Outperform

Posted: 08 Feb 2012 11:15 AM PST

Following the release of fourth quarter and full year 2011 results, we upgraded biotech major, Amgen (NASDAQ:AMGN), to Outperform. Although the company missed estimates in the fourth quarter of 2011, guidance for 2012 was better-than-expected. The company expects earnings in the range of $5.90 – $6.15 per share on revenues of $16.1 – $16.5 billion. This was well above the Zacks Consensus Estimate of $5.46 per share.
We have raised our 2012 earnings estimate by 48 cents to $5.94 per share. The upward … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


CBG Recurring EPS Beats Estimates

Posted: 08 Feb 2012 11:15 AM PST

CBRE Group Inc. (NYSE:CBG) reported fourth quarter 2011 revenues of $1.8 billion compared with $1.7 billion in the year-earlier quarter, reflecting an increase of 7%. The revenues in the reported quarter missed the Zacks Consensus Estimate of $1.9 billion.
The company reported a net income of $79.8 million or 25 cents per share during the quarter, compared with $95.1 million or 30 cents in the year-ago period. Excluding non-recurring items, CBRE Group reported a net income of $149.3 million or 46 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Life Technologies Beats, Profit Up

Posted: 08 Feb 2012 11:05 AM PST

Life Technologies Corporation (LIFE) reported an adjusted EPS of $1.06 in the fourth quarter of fiscal 2011, beating both the Zacks Consensus Estimate of $1.03 and the year-ago quarter's adjusted EPS of 90 cents. For the fiscal, adjusted EPS came in at $3.73, ahead of the Zacks Consensus Estimate of $3.70 and $3.55 earned in the previous year.
Revenues increased 4% year over year (3% at constant exchange rates or CER) to $970 million, surpassing the Zacks Consensus Estimate of $965 million. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


BUY VALV @ $1.18 – SOLD VALV @ $1.24

Posted: 08 Feb 2012 11:04 AM PST

A reader by the name of Guy wrote a comment that I was able to read before the beginning bell this morning to ask what I thought of a stock called Shengkai Innovations Inc (VALV). It looked like a momentum play I could manage between everything thing else I do at work (yeah, right) so I bought some shares at $1.15, but most were at $1.18. Just minutes ago I sold my entire position at $1.24.

Some of the VALV’s incredible ‘fundamental’ data that I was able to glean before attempting the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Avery Teams With Trimble

Posted: 08 Feb 2012 10:55 AM PST

Avery Dennison Healthcare Provider Solutions, a business of Avery Dennison Corporation (NYSE:AVY)has joined with Trimble Navigation Limited (NASDAQ:TRMB) for delivering ThingMagic powered passive RFID solutions to hospitals.
The systems of Avery Dennison Healthcare Provider include radio frequency identification (RFID) readers, best-in-class application software, RFID tags and implementation and process-improvement support that both ameliorate patient safety and reduce costs. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


CVS Reports Mixed Results

Posted: 08 Feb 2012 10:55 AM PST

CVS Caremark (NYSE:CVS) reported fourth quarter 2011 EPS of 84 cents, 11.9% up year over year. However, after excluding the impact of certain one-time items, adjusted EPS came in at 89 cents, in line with the Zacks Consensus Estimate and 12.6% higher than the year-ago quarter.
Excluding a tax benefit of 3 cents per share in fourth quarter of 2010, adjusted EPS went up 16.2% year over year. For the full year, adjusted EPS rose 4.5% (5.9% excluding 2010 tax benefit) to $2.80, matching the Zacks … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


AGCO Reports Strong Quarter

Posted: 08 Feb 2012 10:55 AM PST

AGCO Corporation (AGCO) has reported fiscal 2011 fourth quarter results, delivering an adjusted EPS of $1.44 versus 88 cents in the year-earlier quarter, surpassing the Zacks Consensus Estimate of $1.33.
Including the net effect of tax gain and acquisition expenses of $1.46 associated with the GSI acquisition, EPS stood at $2.90 in the reported quarter. This was more than three times the 87 cents in the year-ago quarter, which included restructuring expenses of 1 cent.
Total revenue in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


DST Delivers A Modest 4Q

Posted: 08 Feb 2012 10:55 AM PST

DST Systems Inc. (NYSE:DST) posted fourth quarter 2011 adjusted earnings per share (EPS) of 91 cents, lagging the Zacks Consensus Estimate of 96 cents.
Revenue
Total revenue in the fourth quarter was $623.4 million, up 7.4% from $580.7 million in the year-ago quarter. Excluding out-of-the-pocket reimbursements, consolidated operating revenue increased 7.6% year over year to $457.3 million, which was above the Zacks Consensus Estimate of $431.0 million.
Financial Services operating revenues … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Reynolds American Surpasses Ests

Posted: 08 Feb 2012 10:55 AM PST

Reynolds American Inc. (NYSE:RAI) delivered better-than-expected adjusted earnings of 72 cents and $2.81 per share in the fourth-quarter and fiscal year 2011, respectively. The results exceeded the Zacks Consensus Estimate of 69 cents and $2.78 per share, respectively.
Both the adjusted quarterly and fiscal year results also surpassed the prior-year period results by 12.5% and 6.8%, respectively.
The fourth quarter 2011 results exclude non-cash charges of 5 cents per share for trademark … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


ICE Exits Rock Solid From 2011

Posted: 08 Feb 2012 10:55 AM PST

IntercontinentalExchange Inc.'s (NYSE:ICE) fourth-quarter 2011 operating earnings of $1.76 per share were significantly ahead of the Zacks Consensus Estimate of $1.68 per share and $1.35 per share reported in the year-ago period.
Excluding certain net acquisition-related costs, net operating income of $129.3 million surged 29.4% year over year in the reported quarter. Net income attributable to shareholders was $126.8 million or $1.73 per share, compared with $99.1 million or $1.34 per share in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Cognizant Yields Favorable 4Q

Posted: 08 Feb 2012 10:55 AM PST

Leading information technology services provider Cognizant Technology Solutions Corporation (NASDAQ:CTSH) reported its fourth quarter financial results of fiscal 2011. On a non-GAAP basis, net income came in at $240.1 million or 84 cents per share compared with $206.2 million or 70 cents per share in the year-ago quarter and $227.1 million or 80 cents per share (non-GAAP) in the previous quarter. Earnings per share were well ahead of the Zacks Consensus Estimate of 77 cents.
For the full … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


High Expenses Hit Coventry

Posted: 08 Feb 2012 10:55 AM PST

Coventry Health Care Inc. (NYSE:CVH) generated fourth-quarter 2011 operating earnings per share of 58 cents, which lagged the Zacks Consensus Estimate of 64 cents as well as 96 cents reported in the year-ago quarter. Operating income amounted to $82.1 million, substantially lagging $142.1 million earned in the year-ago quarter.
The decline was primarily attributable to increased expenses coupled with membership decline in Commercial Group Risk and Medicare Part D that marred the desired upside in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Prologis Surpasses Estimates

Posted: 08 Feb 2012 10:55 AM PST

Prologis Inc. (NYSE:PLD), a leading real estate investment trust (REIT), reported fourth quarter 2011 funds from operations (FFO) of $0.29 per share compared with a FFO loss of $4.81 in the year-earlier quarter. Funds from operations, a widely used metric to gauge the performance of real estate investment trusts (REITs), is obtained after adding depreciation and other non-cash expenses to net income.
The decrease in year-over-year FFO is primarily due to impairment charges and merger-related … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Earnings Preview: IFF

Posted: 08 Feb 2012 10:55 AM PST

International Flavors & Fragrances Inc. (NYSE:IFF) is slated to release its fourth quarter and fiscal year 2011 results on Thursday, February 9. The current Zacks Consensus Estimates for the fourth quarter and fiscal year 2011 earnings per share (EPS) are 71 cents and $3.73, representing an annualized growth of 2.28% and 10.68%, respectively.
International Flavors' earnings surprise average for the trailing four quarters is flat, with the company's out performance in two quarters being … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Guilfoyle: “Greece Is The Focus…and The BOE”

Posted: 08 Feb 2012 10:50 AM PST

02/08/12 Meridian Equity Partners’ Stephen Guilfoyle weighs in on key fundamentals: Greece talks, Bank of England’s QE expectations and US jobless claims … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Are Home Prices Going Up Or Down? Let’s View Market Trends

Posted: 08 Feb 2012 10:41 AM PST

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


Hot Option Plays: Euro Pop

Posted: 08 Feb 2012 10:19 AM PST

Cusick’s Corner 02-08-2012
The consolidation continues in equities but we are seeing that commodities and currencies are moving. Here’s what caught my eye — the Euro popped over the $1.32, the Dollar under. 79, and the Bonds, TLT, finally breaking, and all we need is big Ben to talk inflation and the bulls may have the catalyst they have been looking for the last week. Still trading conservatively, see you After Hours.
Market action is mixed, as investors wait for news related to the European … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


RenaissanceRe Beats On Rev Growth

Posted: 08 Feb 2012 10:11 AM PST

RenaissanceRe Holdings Ltd. (RNR) reported fourth-quarter 2011 operating earnings of $1.11 per share, beating the Zacks Consensus Estimate of $1.06. This compares unfavorably with earnings of $3.47 in the year-ago quarter.
Net income also plunged 33% to $81.8 million or $1.58 per share from $122.6 million or $2.23 per share in the prior-year quarter.
Operating earnings for the quarter came in at $58.0 million compared with $189.1 million in the year-ago quarter.
Results deteriorated primarily … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Wyndham’s EPS Beats, Dividend Upped

Posted: 08 Feb 2012 10:03 AM PST

Wyndham Worldwide Corporation's (NYSE:WYN) fourth quarter 2011 adjusted earnings of 47 cents per share surpassed the Zacks Consensus Estimate of 43 cents and improved by a cent from the year ago quarter. In full-fiscal 2011, earnings per share were $2.49 versus $2.00 in the year-ago period.
On a reported basis, Wyndham delivered earnings of 37 cents per share versus 43 cents in the prior-year quarter. In full-fiscal 2011, earnings were $2.51 versus $2.05 in the year-ago period.
The increase was … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Hartford Posts Weak 4Q Results

Posted: 08 Feb 2012 10:03 AM PST

Hartford Financial Services Group Inc. (NYSE:HIG) reported fourth-quarter 2011 operating earnings of $442.0 million or 90 cents per share, beating the Zacks Consensus Estimate of 59 cents per share by a huge margin. However, results were marginally behind $454 million or 91 cents per share reported in the fourth quarter of 2010.
The prior-year quarter earnings exclude a DAC unlock benefit of $48 million or 10 cents per share and net prior-year reserve development benefit of $27 million or 5 cents … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Time Warner Beats, Ups Dividend

Posted: 08 Feb 2012 10:03 AM PST

Time Warner Inc. (NYSE:TWX), the diversified media conglomerate, recently posted better-than-expected fourth-quarter 2011 results. The quarterly earnings of 94 cents a share beat the Zacks Consensus Estimate of 87 cents, and surged 40% from 67 cents in the prior-year quarter, reflecting higher adjusted operating income across Networks and Publishing segments. Share repurchase activity also provided some cushion to the bottom-line.
On a reported basis, including one-time items, earnings came in at … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Illumina Beats, Spurns Roche Offer

Posted: 08 Feb 2012 10:03 AM PST

Illumina (NASDAQ:ILMN) reported EPS of 9 cents in the fourth quarter of 2011, well below the year-ago quarter EPS of 25 cents. However, after adjusting for certain one-time items, EPS came in at 35 cents, ahead of the Zacks Consensus Estimate of 30 cents and 20.7% higher than the prior-year quarter.
For the full year, adjusted EPS came in at $1.30, surpassing the Zacks Consensus Estimate of $1.25 and the year-ago figure of $1.06.
Revenues dipped 4% year over year to $250 million during the quarter. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Glaxo Misses Estimates By A Mile

Posted: 08 Feb 2012 10:03 AM PST

GlaxoSmithKline (NYSE:GSK) reported fourth quarter earnings of 90 cents per ADS, below the Zacks Consensus Estimate of 95 cents but above the year-ago loss of 24 cents per ADS. Revenues fell 2% year over year at constant exchange rates ("CER") to $11.2 billion. Revenues came in below the Zacks Consensus Estimate of $11.5 billion.
Fiscal 2011 earnings were $3.62 per ADS as compared with $1.66 in the year-ago period. Full-year earnings were above the Zacks Consensus Estimate of $3.52. Revenues … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Mixed 3Q12 For Ralph Lauren

Posted: 08 Feb 2012 10:03 AM PST

Polo Ralph Lauren Corp. (NYSE:RL) reported third-quarter fiscal 2012 earnings per share of $1.78, reflecting a 3% growth from $1.72 earned in the year-ago period. Quarterly earnings also surpassed the Zacks Consensus Estimate of $1.67 per share. The company's earnings in the quarter reflected a decline in shares outstanding as against last year.
Quarterly Details
During the quarter, Polo Ralph Lauren’s net revenues climbed 17% year over year to $1,756.0 million, which however fell short of the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


BHP Revs Up On Diversified Business

Posted: 08 Feb 2012 10:03 AM PST

BHP Billiton Ltd. (BHP) has reported financial results for half year ended December 31, 2011 with net income of $9.9 billion (excluding exceptional items), down 7.1% from $10.7 billion for half year ended December 31, 2010. Diluted earnings per ordinary share were recorded at $1.86 ($3.72 per ADS).
Revenues increased 9.7% to $37.5 billion from $34.2 billion for half year ended December 31, 2010. Underlying EBIT and EBIDTA were recorded at $15.7 billion and $18.7 billion, up 5.8% and 8.3% … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Western Union In Line, Ups Dividend

Posted: 08 Feb 2012 10:03 AM PST

World's leading money transfer company, Western Union Co. (NYSE:WU) reported fourth quarter operating earnings of 40 cents per share, in line with the Zacks Consensus Estimate. Earnings per share, however, were up 5.3% year over year on the back of a strong margin improvement in its Global Business Payments unit and a lower share count.
Western Union's revenues for the quarter were $1.4 billion, up 5% year over year, and in line with the Zacks Consensus Estimate. The year-over-year increase … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Moody’s Reports Disappointing 4Q

Posted: 08 Feb 2012 10:03 AM PST

Moody's Corp. (NYSE:MCO) reported fourth quarter 2011 earnings of 43 cents per share, which missed the Zacks Consensus Estimate by six cents. Earnings per share decreased 27.0% year over year, primarily dragged by weak top-line growth.
Quarter Details
Revenue edged up 0.5% year over year to $567.1 million, but surpassed the Zacks Consensus Estimate of $556.0 million. Moody’s Business Analytics (MA) was the primary growth driver in the reported quarter. Revenue from the U.S. decreased 3.0% year … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Dollar Rebounds On Mixed Greek Reports

Posted: 08 Feb 2012 05:00 AM PST

02/08/12 The dollar has rebounded this afternoon and the euro has dropped on mixed reports concerning the progress of Greek debt … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


The Five Paths To Value Investing Success

Posted: 08 Feb 2012 05:13 AM PST

In investing circles, value and growth are often juxtaposed as distinct investment strategies. Arguably, though, this distinction is artificial – after all, for many investors, the attributes of value and growth go hand-in-hand when it comes to selecting stocks. Warren Buffett put the point succinctly in his letter to shareholders of Berkshire Hathaway Inc back in 2000: 
Market commentators and investment managers who glibly refer to "growth" and "value" styles as contrasting … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


The Trend Trader For Stock Trading On Thursday, February 9, 2012

Posted: 08 Feb 2012 04:03 AM PST

By ForexMansion.com

The Trend Trader for the Dow 30 Stocks
For Trading On Thursday, February 9, 2012

In alphabetical order by symbol

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AA – Alcoa Inc
10.67
0.00
10.70
10.55

Neutral

AXP – American Express Company
51.64
− 0.94
51.86
51.20

Neutral

BA – Boeing Co
75.46
+ 0.35
75.18
75.59

Neutral

BAC – Bank of America Corporation
8.13
+ 3.57
7.95
7.58

Bullish

CAT – Caterpillar Inc
114.04
+ … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


The Trend Trader For ETF Trading On Thursday, February 9, 2012

Posted: 08 Feb 2012 04:03 AM PST

By ForexMansion.com

The Trend Trader for ETFs
For Trading On Thursday, February 9, 2012

The top 40 ETFs by net assets
In alphabetical order by symbol

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AGG – iShares Lehman Aggregate Bd Fd
110.44
− 0.08
110.49
110.62

Bearish

BND – Vanguard Total Bond Market ETF
83.63
− 0.12
83.73
83.88

Bearish

DBC – DB Commodity Index Tracking Fd
28.57
+ 0.46
28.46
28.13

Bullish

DIA – SPDR DJ Industrial Average … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


The Trend Trader For Futures Trading On Thursday, February 9, 2012

Posted: 08 Feb 2012 04:03 AM PST

By ForexMansion.com

The Trend Trader for Futures
For Trading On Thursday, February 9, 2012

INDICES

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

S&P 500 – Mar ESH2
1347.00
+ 0.17
1340.61
1325.67

Bullish

Dow Jones – Mar YMH2
12843
+ 0.09
12799
12701

Bullish

Nasdaq – Mar NQH2
2544.75
+ 0.61
2527.94
2494.08

Bullish

Russell – Mar TFH2
827.90
+ 0.02
825.77
814.83

Bullish

INTEREST RATES

US T-Bond – Mar ZBH2
142-07
− … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


The Trend Trader For Forex Trading On Thursday, February 9, 2012

Posted: 08 Feb 2012 04:03 AM PST

By ForexMansion.com

The Trend Trader for Forex
For Trading On Thursday, February 9, 2012

THE BIG SIX

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AUDUSD – Aust Dollar / US Dollar
1.0799
− 0.06
1.0768
1.0696

Bullish

EURUSD – Euro / US Dollar
1.3259
− 0.01
1.3187
1.3138

Bullish

GBPUSD – British Pound / US Dollar
1.5815
− 0.51
1.5836
1.5784

Neutral

USDCAD – US Dollar / Canadian Dollar
0.9958
+ 0.13
0.9960
0.9976

Bearish

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


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