DailyMarkets.com - CNX Shuts Mine On Low Nat Gas Price

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• CNX Shuts Mine On Low Nat Gas Price
• Earnings Preview: Kroger
• Analyst Interviews: Foreign Banks Stock Update
• JetBlue, Korean Air Flying Together
• Hot Option Plays: Market Hovering
• Forex Trading: GBPUSD Looks Toward Bottom Trend Line Support
• Forex Trading: USDJPY Holds Support And Marches Higher Today
• Juniper Secures Apps With Mykonos
• Sprint Raising Additional Funds
• Salix Beats, Provides Mixed Guidance
• Darden Foresees Solid 3Q
• Dril-Quip Beats Consensus
• Nelnet Reports Profits, Lower Costs
• MarkWest Results Show A Mixed Bag
• Disappointing 4Q For Amedisys
• Staples Reports In Line
• CNP Beats EPS, Misses Revenue
• Joy Global Misses, Guides 2012
• Chunghwa Soars In 4Q, Outlook Weak
• Chunghwa Soars In 4Q, Outlook Weak
• Integrys Beats EPS, Guides For 2012
• MoneyGram Spreads In Cyprus
• NEM’s $4.8B Project Under Review
• A Mixed Bag For FirstEnergy
• ECB Allots EUR 529.5 Billion In Second Round Of LTRO
• Labor Dispute Troubles Southwest (revised)
• Fed Sheds AIG’s RMBS Completely
• Mixed Bag From Mindray Medical
• Costco Beats Zacks Expectation
• HGSI Narrows 4Q Loss, Benlysta Grows
• Arrow Acquires Asset Recovery Corp.
• US Stocks Slip On Bernanke’s Comments
• Forex Trading: EURUSD Liquidating Lower And Targeting The 200 Hour MA 1.3322
• Domino’s Beats On Higher Comps
• Crude Steady Before Inventory Data
• Stop Starving Public Universities And Shrinking The Middle Class
• A Huge Gender Gap Persists In College Degrees, Do We Need A White House Council On Boys And Men?
• World Stocks Rise On ECB Loan Offer

CNX Shuts Mine On Low Nat Gas Price Posted: 29 Feb 2012 11:50 AM PST Coal and natural gas producer, CONSOL Energy Inc. (NYSE:CNX) has decided to temporarily shut down its Northern West Virginia Blacksville No. 2 longwall mining unit and has also planned to reduce its continuous mining operating schedule to 4 days per week. The move comes in the wake of sustained low natural gas prices that evinced higher demand. Also, the demand for coal has dwindled in cahoots with mild winter weather. Additionally, we believe that a coal producer has to face increasing … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Kroger Posted: 29 Feb 2012 11:40 AM PST The Kroger Company (NYSE:KR), one of the largest grocery retailers and an S&P 500, is slated to report its fourth quarter and fiscal 2011 financial results before the market opens on Thursday, March 1, 2012. The current Zacks Consensus Estimate for the quarter is 49 cents a share, which reflects a growth of 6.5% from the prior-year quarter's earnings. The estimates in the current Zacks Consensus range between a low of 47 cents and a high of 52 cents a share. The Zacks Consensus estimates … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Analyst Interviews: Foreign Banks Stock Update Posted: 29 Feb 2012 11:25 AM PST Foreign banks have been facing difficulties non-stop since the latest financial crisis, which triggered off as a credit issue in the subprime enclave of the U.S. mortgage market in mid-2007, and spilled all over the globe. The latest deterrents –– nagging macroeconomic issues, the European sovereign debt crisis in particular, and regulatory pressure –– also resulted in the sector's latest underperformance. Moreover, the upcoming quarters look even worse with several negatives like … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

JetBlue, Korean Air Flying Together Posted: 29 Feb 2012 11:25 AM PST The sixth largest U.S. airline, JetBlue Airways Corporation (NASDAQ:JBLU) recently announced its interline partnership with Korean Air, the largest airline of South Korea. The agreement becomes effective from this week onward, allowing passengers to book tickets for a combined travel on JetBlue and Korean Air from JFK International Airport, Washington Dulles International Airport and Los Angeles International Airport. The new agreement will support JetBlue's expansion plans to tap potential … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: Market Hovering Posted: 29 Feb 2012 11:18 AM PST Cusick’s Corner 02-29-2012 Apple (NASDAQ:AAPL) is at all time highs and the market continues to chop around. Big Ben did speak and while QE3 is in the proverbial backseat, it’s not in the rearview mirror. I think that the ECB has their spigot on high enough while the Fed spigot is really not a big deal and he did hedge by indicating that the printing press is still operational. This still might be enough to scare the weak longs, the ones who picked up equities when the S&Ps were at … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: GBPUSD Looks Toward Bottom Trend Line Support Posted: 29 Feb 2012 11:17 AM PST The GBPUSD is moving toward support trend line at the 1.5916 level after failing on an extension to the upside earlier today.  The pair is also moving back toward the key 200 day MA at the 1.5899 level.  A move back below this level before the close today will be bearish for the pair and should lead to further downside momentum (see green line in the chart … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: USDJPY Holds Support And Marches Higher Today Posted: 29 Feb 2012 11:17 AM PST The USDJPY held support in early trade today, gained confidence against the risk defined level. The surge higher has slowed but remains above the 38.2% of the trend move higher (at 80.845).  Staying above this level keeps the bulls in charge and higher levels can be … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Juniper Secures Apps With Mykonos Posted: 29 Feb 2012 11:05 AM PST Ace network vendor Juniper Networks Inc. (NASDAQ:JNPR) took over web application security solutions provider Mykonos Software for $80.0 million in cash, last week. The acquisition will allow Juniper to flourish in the growing network security market. San Francisco-based Mykonos develops technology designed to secure websites and Web applications from advanced hacker attacks. The company pioneered the Web Intrusion Prevention System, which uses “deception-based technology’ to detect and divert … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Sprint Raising Additional Funds Posted: 29 Feb 2012 10:50 AM PST The third-largest U.S. wireless carrier Sprint Nextel Corp. (NYSE:S) plans to raise $2 billion in debt offering to address the growing costs of network upgrade, iPhone subsidies, debt maturities and a possible funding for its partner Clearwire Corporation (NASDAQ:CLWR). With a 54% economic stake in Clearwire, Sprint offers high-speed data to its subscribers through the latter's 4G WiMax (a wireless broadband technology) networks. Sprint will sell notes due in 2017 and 2020 through a private … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Salix Beats, Provides Mixed Guidance Posted: 29 Feb 2012 10:40 AM PST Salix Pharmaceuticals, Ltd. (NASDAQ:SLXP) posted fourth quarter earnings of $1.18 per share, well above the Zacks Consensus Estimate of 97 cents and the year-ago earnings of 63 cents. Fourth quarter revenues, which increased 31% to $155.2 million, exceeded the Zacks Consensus Estimate of $152 million. Full-year earnings came in at $2.82 per share, well above the year ago earnings of 75 cents and the Zacks Consensus Estimate of $2.30 per share. Full-year revenues increased 60% to $540.5 million, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Darden Foresees Solid 3Q Posted: 29 Feb 2012 10:40 AM PST Darden Restaurants Inc. (NYSE:DRI) recently announced its projections for third quarter fiscal 2012. Management is hopeful of seeing impressive numbers ahead, thanks to a shift in the Lenten season, which started during the fiscal third quarter this year but during the fiscal fourth quarter last year, as well as a less severe winter this year. Same-store enjoyed a respective 70 and 200 basis point benefit from the Lenten shift and a comfortable winter. The company now expects earnings per share … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Dril-Quip Beats Consensus Posted: 29 Feb 2012 10:40 AM PST Dril-Quip Inc. (NYSE:DRQ) has reported adjusted fourth-quarter 2011 earnings of 79 cents per share, beating comfortably the Zacks Consensus Estimate of 62 cents and increasing almost 15% from the year-ago profit level of 69 cents. The company registered total revenue of $171.6 million in the quarter, up 21.2% from the year-ago level of $141.6 million. The increase in revenue was mainly backed by the rise in sales of subsea equipment and growth in service revenues. The reported figure also … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Nelnet Reports Profits, Lower Costs Posted: 29 Feb 2012 10:30 AM PST Nelnet Inc. (NYSE:NNI) reported fourth-quarter 2011 earnings per share of $1.29, surpassing the prior-year quarter's earnings of $1.02 per share. Nelnet's results reflected the benefits from the diversification of revenue through fee-based businesses. Operating expenses of the company also dropped during the quarter. However, a fall in investment interest income and a rise in provision for loan losses was the downside. On a GAAP basis, Nelnet's fourth-quarter net income stood at $64.9 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

MarkWest Results Show A Mixed Bag Posted: 29 Feb 2012 10:30 AM PST Natural gas processor and distributor MarkWest Energy Partners L.P. (NYSE:MWE) reported lower-than-expected fourth quarter earnings, reflecting weak results from its Gulf Coast business unit. The partnership's profit per unit – excluding mark-to-market derivative loss and compensation expense – came in at 47 cents, against the Zacks Consensus Estimate of 53 cents. However, Colorado-based MarkWest's adjusted earnings per unit showed a significant improvement over the year-earlier period, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Disappointing 4Q For Amedisys Posted: 29 Feb 2012 10:25 AM PST Home health care provider Amedisys (NASDAQ:AMED) reported EPS of 25 cents in the fourth quarter of 2011, compared with 86 cents in the year-ago quarter. The company recorded goodwill impairment charge of $5.8 million during the quarter due to decline in market capitalization and disappointing performance over the past few quarters. After taking into account this charge and other one-time expenses, the adjusted EPS in the reported quarter stood at 49 cents compared with $1.03 in the fourth quarter of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Staples Reports In Line Posted: 29 Feb 2012 10:25 AM PST Staples Inc. (NASDAQ:SPLS), the global leader in the supply of office products, recently posted fourth-quarter 2011 results. The quarterly earnings of 41 cents a share came in line with the Zacks Consensus Estimate and increased 5% from 39 cents earned in the prior-year quarter. Including one time items, earnings increased 8% from 38 cents earned in the year ago quarter. Revenue and Margins Staples reported total sales of $6,459.7 million, up 1% from the prior-year quarter. Moreover, the reported … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

CNP Beats EPS, Misses Revenue Posted: 29 Feb 2012 10:20 AM PST CenterPoint Energy Inc. (NYSE:CNP) posted earnings of 27 cents per share for the fourth quarter of 2011, beating past the Zacks Consensus Estimate of 19 cents. Earnings, however, came a couple of cents lower than the year-ago quarterly earnings of 29 cents. CenterPoint Energy posted fiscal 2011 operating earnings of $1.80 per share, comprehensively beating the Zacks Consensus Estimate of $1.14 and fiscal 2010 earnings of $1.07 per share. On a reported basis, however, earnings for fiscal 2011 came … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Joy Global Misses, Guides 2012 Posted: 29 Feb 2012 10:20 AM PST Joy Global Incorporation (JOY) reported adjusted earnings of $1.26 per share in the first quarter of fiscal 2012, compared with 99 cents per share in the year-ago quarter. The results of the company were a dime short of the Zacks Consensus expectation. GAAP earnings per share in the quarter were $1.33 versus 96 cents in the first quarter of fiscal 2011. Total Revenue Joy Global reported net sales of $1,136.2 million in the relevant quarter, up 30.7% from $869.5 million in the year-earlier … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Chunghwa Soars In 4Q, Outlook Weak Posted: 29 Feb 2012 10:20 AM PST Chunghwa Telecom Co. Ltd. (NYSE:CHT) declared solid financial results for the fourth quarter of 2011. Quarterly total revenue was approximately $1,796 million, up 5% year over year. This improved performance was the combined result of increasing smartphone sales with continuously growing revenue from both mobile and Internet value-added services (VAS). Fourth-quarter GAAP net income was approximately $336.3 million, down 5.7% year over year.  However, net earnings per ADR were 44 cents, up … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Chunghwa Soars In 4Q, Outlook Weak Posted: 29 Feb 2012 10:20 AM PST Chunghwa Telecom Co. Ltd. (NYSE:CHT) declared solid financial results for the fourth quarter of 2011. Quarterly total revenue was approximately $1,796 million, up 5% year over year. This improved performance was the combined result of increasing smartphone sales with continuously growing revenue from both mobile and Internet value-added services (VAS). Fourth-quarter GAAP net income was approximately $336.3 million, down 5.7% year over year.  However, net earnings per ADR were 44 cents, up … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Integrys Beats EPS, Guides For 2012 Posted: 29 Feb 2012 10:20 AM PST Diversified energy holding company Integrys Energy Group Inc. (TEG) reported adjusted earnings of $1.01 per share compared with 82 cents per share in the year-ago quarter. The increase in earnings was driven by execution of new business strategies, higher electric rate and fuel window impacts at the Wisconsin Public Service. The earnings surpassed the Zacks Consensus Estimate of 97 cents. Company's GAAP earnings were 49 cents in the reported quarter compared with 91 cents in fourth quarter … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

MoneyGram Spreads In Cyprus Posted: 29 Feb 2012 10:10 AM PST On Monday, MoneyGram International Inc. (NYSE:MGI) announced its expansion in North Cyprus, by adding 10 locations of the Near East Bank to the company's money transfer network. Near East Bank is a respectable financial organization in North Cyprus and has a strong affiliation with the region's largest university – Near East University. As a result, the costumers of the Near East Bank can send and receive money from 32 convenient locations of MoneyGram, which are established in North … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

NEM’s $4.8B Project Under Review Posted: 29 Feb 2012 09:50 AM PST Newmont Mining Corp.’s (NYSE:NEM) Minas Conga gold and copper project of $4.8 billion is under Peru government’s 40-day review over concerns regarding  its impact on the local water supply. The Peru government has appointed two Spanish engineers to review the project, which was temporarily suspended in November 2011 following violent demonstrations by local residents. The project will provide the company with significant revenues by the taxes levied on the mined product. Newmont expects … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

A Mixed Bag For FirstEnergy Posted: 29 Feb 2012 09:35 AM PST Diversified energy company, FirstEnergy Corp. (NYSE:FE) reported adjusted earnings of 77 cents in the fourth quarter of 2011, in line with the Zacks Consensus Estimate and year-ago earnings. Including income tax charges of Retiree Drug Subsidy of 6 cents, merger transaction/integration costs of 1 cent, non-core asset sales/impairment of 81 cents, pension/OPEB actuarial assumptions of 74 cents, other adjustment of 3 cents, merger accounting – commodity contracts of 8 cents and generating plant … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

ECB Allots EUR 529.5 Billion In Second Round Of LTRO Posted: 29 Feb 2012 09:24 AM PST The European Central Bank (ECB) allotted 529.5 billion euros to 800 banks that participated in the ECB’s second LTRO (Longer-Term Refinancing Operation).  This compares to December’s LTRO, in which 489 billion euros were allotted to 500 banks.  The ECB next meets to review monetary policy settings on the 8th of March.  The ECB last cut its main interest rate by 25 basis points to 1.00% in December last year.  The Euro is down about 2% against the US dollar over the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Labor Dispute Troubles Southwest (revised) Posted: 29 Feb 2012 09:20 AM PST The trade union dispute has again sparked at Southwest Airlines (NYSE:LUV). The carrier has been trying to integrate operations with subsidiary AirTran Airways, but even after a year it continues to see setbacks with its labor contracts. Though the mechanics at AirTran had voted over 90% in favor of a deal, the mechanics union at Southwest has voted it down. The contract came into existence in December last year and was duly approved by the executive boards of AMFA, which represents Southwest’s … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Fed Sheds AIG’s RMBS Completely Posted: 29 Feb 2012 09:20 AM PST Yesterday, the New York Federal Reserve (Fed) reported that it sold the total American International Group Inc.'s (NYSE:AIG) Maiden Lane II LLC, thereby recovering all of $19.5 billion taken as a loan by the US government in this investment vehicle. The sale has also maximized public interest by about $2.8 billion from the total sale so far. However, the net proceeds from the latest sale will be released in April this year. Maiden Lane II is an investment portfolio containing residential … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Mixed Bag From Mindray Medical Posted: 29 Feb 2012 09:05 AM PST Chinese medical devices major Mindray Medical International Limited's (NYSE:MR) fourth-quarter fiscal 2011 adjusted (excluding one-time expenses other than stock-based compensation expense) earnings per share of 41 cents missed the Zacks Consensus Estimate of 42 cents. Reported net income moved up 14% year over year to $46.8 million (or 40 cents per share) in the quarter. For the fiscal, adjusted earnings of $1.47 a share also trailed the Zacks Consensus Estimates of $1.54. Revenues Revenues … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Costco Beats Zacks Expectation Posted: 29 Feb 2012 08:55 AM PST Costco Wholesale Corporation (NASDAQ:COST) recently posted better-than-expected second-quarter 2012 results. The quarterly earnings of 90 cents a share came ahead of the Zacks Consensus Estimate of 88 cents, and rose 13.9% from 79 cents earned in the prior-year quarter. The increase in the bottom-line was buoyed by double-digit growth in the top-line due to improved sales of discretionary items, as consumers seeking discounts started flocking to warehouse clubs.The company's international … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

HGSI Narrows 4Q Loss, Benlysta Grows Posted: 29 Feb 2012 08:40 AM PST Human Genome Sciences Inc.'s (NASDAQ:HGSI) fourth quarter 2011 loss of 41 cents per share was narrower than the Zacks Consensus Estimate of a loss of 42 cents and the year-ago loss of 46 cents. The narrower year over year loss was primarily attributable to higher revenues. The Fourth Quarter in Details Revenues in the reported quarter jumped 114% to $45.5 million, beating the Zacks Consensus Estimate of $42 million. Revenues were boosted by the presence of sales from lupus drug, Benlysta, which … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Arrow Acquires Asset Recovery Corp. Posted: 29 Feb 2012 08:25 AM PST Arrow Electronics, Inc. (NYSE:ARW) recently announced to have acquired Asset Recovery Corporation. This was done with the clear intent of proliferating the company's North American market share and diversifying its services portfolio. Asset Recovery Corp., which retains its reputation of being a worldwide leader in providing a wide range of electronics asset disposition (EAD) services, is currently contemplating to attain sales of $20 million in 2012. The company primarily caters to customers in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

US Stocks Slip On Bernanke’s Comments Posted: 29 Feb 2012 08:20 AM PST 02/29/12 The Dow opened above 13K, while the Nasdaq topped 3K in AM trade. US equities reversed gains despite the latest economic data, as Bernanke’s comments did not provide immediate support for … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD Liquidating Lower And Targeting The 200 Hour MA 1.3322 Posted: 29 Feb 2012 08:18 AM PST The EURUSD held resistance against the 1.3415 level (100 hour MA) and the price decline has resumed to the downside. The next target comes in at the 200 hour MA at the 1.3322 level. The 1.32896 level is where the 38.2% of the move up from the February 15th … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Domino’s Beats On Higher Comps Posted: 29 Feb 2012 08:16 AM PST Domino’s Pizza Inc. (NYSE:DPZ) reported fourth quarter 2011 earnings of 52 cents per share, surpassing both the Zacks Consensus Estimate of 48 cents and the year-ago quarter adjusted earnings of 40 cents. In fiscal 2011, adjusted earnings were $1.69 per share versus $1.35 in the prior year. The upbeat quarterly result was attributable to same-store sales (comps) growth in both international and domestic market and margin expansion. Inside the Headline Numbers Total revenue climbed 4.5% year over … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Steady Before Inventory Data Posted: 29 Feb 2012 08:00 AM PST 02/29/12 Oil prices were steady just below $107 this morning, prior to the release of inventory figures, as the forex markets were trading in a tight … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stop Starving Public Universities And Shrinking The Middle Class Posted: 29 Feb 2012 07:45 AM PST Last week Rick Santorum called the President "a snob" for wanting everyone to get a college education (in fact, Obama never actually called for universal college education but only for a year or more of training after high school).   Santorum needn't worry. America is already making it harder for young people of modest means to attend college. Public higher education is being starved, and the middle class will shrink even more as a result. Over just the last year forty-one states … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

A Huge Gender Gap Persists In College Degrees, Do We Need A White House Council On Boys And Men? Posted: 29 Feb 2012 07:27 AM PST From a BLS report released earlier this month, “America’s Young Adults at Age 24″: “At age 24, a clear gender gap in educational attainment persists. While nearly 28 percent of women had received a bachelor's degree by the October when they were age 24, only 19 percent of men had done so (see chart). Additionally, nearly the same percentage of men and women (12 and 13 percent, respectively) were enrolled in college at age 24, so it is unlikely the gap in educational attainment will … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

World Stocks Rise On ECB Loan Offer Posted: 29 Feb 2012 01:15 AM PST 02/29/12 The ECB’s latest offer of cheap loans lifted stocks and commodities … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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