Wednesday, February 1, 2012

DailyMarkets.com - Disney Eyes Bollywood Expansion

DailyMarkets.com - Disney Eyes Bollywood Expansion

Disney Eyes Bollywood Expansion

Posted: 01 Feb 2012 05:20 PM PST

In a bid to gain further traction in the Indian market, The Walt Disney Company (NYSE:DIS) is set to acquire a controlling interest in UTV Software Communications Ltd. (UTV). 
One of the largest entertainment companies in the world is expected to enhance its presence in India through this deal. The strategic move on the company's part will also enhance its position compared to its peers with respect to movie offerings. The company currently owns three leading children’s television networks … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

KISS In Market Timing Too

Posted: 01 Feb 2012 05:00 PM PST

KISS is an acronym for the design principle articulated by Kelly Johnson, Keep it simple, Stupid!  Variations include "keep it short and simple", "keep it simple sir", "keep it simple or be stupid", "keep it simple and straightforward" or "keep … Continue reading … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: Usd/sgd Testing Support Line.

Posted: 01 Feb 2012 04:18 PM PST

Usd/Sgd is testing this support line from this wedge … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: Usd/hkd Getting Close To The Next Support Area.

Posted: 01 Feb 2012 04:18 PM PST

Usd/Hkd is getting close to the Oct-2010 lows which should provide some support for the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Republican Myth Of Obama’s “Entitlement Society”

Posted: 01 Feb 2012 04:06 PM PST

One of the few things Mitt Romney and Newt Gingrich agree on is that President Obama is turning America into "European-style welfare culture."
In his standard stump speech Romney charges Obama with creating a nation of dependents. "Over the past three years Barack Obama has been replacing our merit-based society with an entitlement society."
Gingrich calls Obama "the best food-stamp president in American history."
What's their evidence? Both rely on federal budget data showing … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Appetite For Apple Grows In Corporate America

Posted: 01 Feb 2012 04:05 PM PST

02/01/12 With the increasing popularity and improved functionality of the iPhone and iPad in the corporate workplace, it is not surprising that enterprise customers may spend more on Apple products in the next … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Early Approval For Vertex CF Drug

Posted: 01 Feb 2012 03:55 PM PST

Vertex Pharmaceuticals Inc.'s (NASDAQ:VRTX) shares jumped over 6% buoyed by news of the US Food and Drug Administration approving its lead pipeline candidate, Kalydeco (ivacaftor), for treating patients (aged 6 years and above) suffering from cystic fibrosis (CF).
The approval is for the treatment of patients who have at least one copy of the G551D mutation in the cystic fibrosis transmembrane conductance regulator (CFTR) gene.
We note that in December last year, the regulatory body had granted … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: UTI

Posted: 01 Feb 2012 03:40 PM PST

Universal Technical Institute Inc. (NYSE:UTI), which provides professional automotive, diesel, collision repair, motorcycle and marine programs, is slated to report its first-quarter 2012 financial results after the bell on Thursday, February 2. The current Zacks Consensus Estimate for the quarter is 27 cents a share. The Zacks Consensus estimates revenue at $105 million.
Recap of Fourth-Quarter 2011
Universal Technical posted lower-than-expected fourth-quarter 2011 results. The quarterly earnings … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Enbridge Plans To Grow In 2012

Posted: 01 Feb 2012 03:30 PM PST

Enbridge Energy Partners (NYSE:EEP) recently released its guidance for 2012.  The partnership continues to make good progress on its growth initiatives and expects the underlying fundamentals to support its future plans.

Enbridge Energy expects adjusted net income in the range of $510 million and $550 million for fiscal 2012, while adjusted operating income and depreciation are forecasted to lie in the band of $870–$910 million and $320–$340 million, respectively.

For 2012, Enbridge … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: Crude Slumps

Posted: 01 Feb 2012 03:24 PM PST

Cusick’s Corner
The market held up into the close, with the S&Ps finishing off the highs and below the resistance level that I wrote about last week, 1325. The Crude market, USO, finished below $97.50 which was a level that could possibly put more pressure on the Crude longs, could potentially see $92, especially if the overnight action gets dicey. We are in overbought territory and once the potential Greek solution catalyst is in the rearview mirror until June at least, traders with a nice … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Kauffman Foundation Economics Blogger Outlook

Posted: 01 Feb 2012 03:24 PM PST

Despite a continued cloudy view of the U.S. economy, some top economics bloggers are beginning to see a ray of hope on the horizon. According to a new Ewing Marion Kauffman Foundation survey, 14 percent of respondents now believe the economy is “strong and growing” or “strong with uncertain growth,” an improvement over last quarter (see chart above).

For the Kauffman Economic Outlook: A Quarterly Survey of Top Economics Bloggers of 2012, the Kauffman Foundation sent invitations to more than … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

JPMorgan & HSBC Dragged To Court

Posted: 01 Feb 2012 03:20 PM PST

On Tuesday, DZ Bank AG (DZBK), Germany's largest co-operative lender, filed a lawsuit against JPMorgan Chase & Co. (NYSE:JPM) and HSBC Holdings Plc (NYSE:HBC) for breaching representations and warranties. The complaint lodged claims that both companies have misrepresented documents related to the sale of over $85 million and $122 million, respectively, in residential mortgage-backed securities.
DZ Bank alleged that JPMorgan and HSBC issued misleading statements with omissions related to the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

US Jobs Data, Bernanke In Focus

Posted: 01 Feb 2012 03:20 PM PST

02/02/12 Thursday will bring weekly jobless claims and Federal Reserve Chairman Ben Bernanke’s speech before the House Budget … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Disney Eyes “Bollywo Expansion

Posted: 01 Feb 2012 03:15 PM PST

In a bid to gain further traction in the Indian market, The Walt Disney Company (NYSE:DIS) is set to acquire a controlling interest in UTV Software Communications Ltd. (UTV). 
One of the largest entertainment companies in the world is expected to enhance its presence in India through this deal. The strategic move on the company's part will also enhance its position compared to its peers with respect to movie offerings. The company currently owns three leading children’s television networks … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Roche Brings Another Drug To Market

Posted: 01 Feb 2012 03:05 PM PST

Roche Holdings Ltd. (RHHBY) recently announced that the US Food and Drug Administration (FDA) has approved its skin cancer drug Erivedge (vismodegib) for the treatment of patients with advanced basal cell carcinoma (BCC). The once-daily oral drug is approved for use in patients whose cancer has relapsed after surgery or whose cancer has spread to other parts of the body or who cannot be treated with surgery or radiation.
We note that Roche had submitted the new drug application (NDA) for … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Namaste Starbucks! Chain Is Finally Coming To India

Posted: 01 Feb 2012 10:00 AM PST

02/01/12 After many attempts, Starbucks coffee officially announced that it will finally be bringing its signature tall, grande, and venti beverages to India this … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Indiana Is Now Rust Belt’s First Right-to-Work State

Posted: 01 Feb 2012 02:58 PM PST

Percentage Change,    
2000 to 2010
 Right-to-Work
States  
 Forced Union
States 

Private Employment
10.30%
1.90%

Private Sector Compensation
11.10%
0.70%

Real GDP per Capita
9.70%
7.89%

Source: BEA

USA Today — “Indiana’s controversial right-to-work bill became Indiana’s law Wednesday. The state Senate voted 28-22 Wednesday to pass the labor union bill as thousands of protesters packed Statehouse hallways shouting their disapproval. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earning Preview: New York Times

Posted: 01 Feb 2012 02:57 PM PST

The New York Times Company (NYSE:NYT), the publisher of The New York Times, the International Herald Tribune and The Boston Globe, is scheduled to report its fourth-quarter 2011 financial results on Thursday, February 2, 2012. The current Zacks Consensus Estimate for the quarter is 42 cents a share. The Zacks Consensus estimates revenue at $647 million for the quarter.
Third-Quarter 2011, a Synopsis
The New York Times Company, which faces stiff competition from News Corporation (NWSA), posted … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Sallie Mae Stays Outperform

Posted: 01 Feb 2012 02:50 PM PST

We have reiterated our Outperform recommendation on SLM Corp. (NYSE:SLM), better known as Sallie Mae, following its fourth quarter and full year 2011 earnings release and the recent announcement of dividend increase and share buyback authorization.
Sallie Mae reported fourth-quarter 2011 core earnings of $268 million or 51 cents per share, a penny above the Zacks Consensus Estimate. However, the results compare unfavorably with the prior-year quarter's core earnings of $401 million or 75 cents … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Some Stocks To Watch For Thursdays Session

Posted: 01 Feb 2012 02:37 PM PST

  ( click to enlarge )

Nektar Therapeutics (NASDAQ:NKTR) – Great action today. Breaks above 200-day Ma. Momentum picking up with MACD climbing and ADX rising. Volume 2x above average.  If we see follow-through tomorrow it might run hard.

 ( click to enlarge )

Novatel Wireless Inc (NASDAQ:NVTL) had a good move today. The stock broke out the small falling wedge pattern to the upside on increased volume and closed at the highs of the day. This is a trend reversal pattern suggesting a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

General Dynamics Gun System For LMT

Posted: 01 Feb 2012 02:26 PM PST

General Dynamics Corporation's (NYSE:GD) business unit General Dynamics Armament and Technical Products has received a contract worth $23.6 million for production of more than two dozen GAU-22/A gun systems for the F-35 Lightning II from the world's largest stand-alone defense contractor, Lockheed Martin Corporation (NYSE:LMT).
The GAU-22/A is the latest application of the GAU-12/U, which is a four barrel version, designed for use on the F-35 Lightning II, also known as the Joint Strike Fighter … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Quicksilver’s 2012 Capex Guidance

Posted: 01 Feb 2012 02:15 PM PST

Exploration and production company Quicksilver Resources Inc. (KWK) provided its 2012 capital expenditure guidance of $370 million. This projection takes into account expenses of $302 million for drilling and completion activities, $46 million related to gathering and $22 million for leasehold activities.
In 2012, the company is expected to spend $108 million in the liquids-rich southern acreage of Fort Worth Basin, $180 million in Canada, and $82 million in the Sandwash Basin in Colorado and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Obama Wants To Make Refinancing Easier

Posted: 01 Feb 2012 09:15 AM PST

02/01/12 President Barack Obama called on Congress Wednesday to make it easier for millions of homeowners to refinance their mortgages at lower interest … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

American Eagle Flies Into Israel

Posted: 01 Feb 2012 02:05 PM PST

Pittsburgh-based fashion retailer American Eagle Outfitters Inc.'s (NYSE:AEO) latest international venture of store openings is in Israel. Yesterday, the company announced that it will open its first Israeli retail outlet at the Ramat Aviv Mall in Tel Aviv.
Following the first store opening on February 2, American Eagle plans to open 10 more stores at various locations in Israel within the next month. These stores are slated to come up at the popular malls in Tel Aviv, Hafia, Beer Sheva, Kiryat … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Déjà Vu All Over Again?

Posted: 01 Feb 2012 01:52 PM PST

The last time we saw the sort of divergence we have now, where equity markets remain resilient as credit markets falter, was back in the period from mid-2007 until early-2008 — which, as you’ll recall, was not a particularly good time to be bullish on stocks.

Of course, this time may be different — … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

New Study For Alkermes’ Vivitrol

Posted: 01 Feb 2012 01:50 PM PST

Alkermes plc (NASDAQ:ALKS) recently announced the commencement of an open-label pilot study (n=30) of Vivitrol in adult prisoners who have a history of pre-incarceration of opioid dependence, a chronic brain disorder. The study is designed to evaluate the impact of Vivitrol in bringing down the incidence of re-arrest among the prisoners having a history of opioid dependence and currently seeking treatment. Alkermes intends to disclose data from the study in mid-calendar 2013.
The incidence of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Hasbro

Posted: 01 Feb 2012 01:50 PM PST

Hasbro Inc. (NYSE:HAS), a multi-national toy and boardgame company in the United States of America, is slated to release its fourth-quarter 2011 results on Monday, February 6, before the opening bell. The current Zacks Consensus Estimate for the fourth quarter stands at $1.06 per share, representing an upside of 7.27% year over year.
With respect to earnings surprises over the trailing four quarters, Hasbro has oscillated greatly from negative 13.16% to positive 29.41%. The average earnings … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Wall Street Starts February Strong

Posted: 01 Feb 2012 08:45 AM PST

02/01/12 The Dow Jones snapped a 4-day losing streak Wednesday as solid manufacturing reports injected confidence into the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

China, Brazil, Shipping And Vale

Posted: 01 Feb 2012 01:36 PM PST

China’s trade ministry recently banned Vale S.A’s (VALE) 400.000-deadweight-ton "Valemax" vessels, along with other giant freighters and tankers, to protect Chinese ocean-freight industry.
Shipping rates have slashed by two-thirds since October, slashing revenue for ship-owners worldwide. As a protective measure, the Chinese trade industry's move comes as check on the mining giant's efforts to cut the cost of shipping iron ore to the Chinese market; thereby straining the country's … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Dividend Hike: The In Thing

Posted: 01 Feb 2012 01:36 PM PST

Increasing dividends is becoming a common trend these days, mostly followed by companies that boast a stable cash position and healthy cash flows. These strategies not only enhance shareholders' return but also raise the market value of the stock. The companies through this strategy bolsters investors' confidence on the stock, thereby persuading them to either buy or hold the scrip instead of selling them.
Recently, Limited Brands Inc. (NYSE:LTD), a specialty retailer of women's intimate and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Andersons Acquires New Eezy Gro

Posted: 01 Feb 2012 01:30 PM PST

The Andersons, Inc. (NASDAQ:ANDE) recently completed the purchase of the manufacturer and wholesale marketer of specialty agricultural nutrients and industrial products, New Eezy Gro, Inc. The value of the deal is not yet disclosed.
New Eezy, which carries out its operations in Carey and Sycamore in Ohio, would be included in the Plant Nutrient Group segment of The Andersons. The Plant Nutrient segment generated approximately 15% of total revenue in the third quarter of the fiscal 2011.
The … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Defense Pros Miss India, What Next?

Posted: 01 Feb 2012 01:15 PM PST

French conglomerate Dassault Group's Rafale combat jet emerged as the lowest bidder for the multi-billion contract for the Indian Air Force. The $10.4 billion deal is for supplying 126 medium multi-role combat aircraft to the Indian Air Force ('IAF'). The order heralded Rafale's entry into the export market.
Rafale's entry into the export market is a major bad news for the beleaguered U.S. defense contractors who are looking offshore to compensate for the Pentagon's planned axing of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Sigma-Aldrich Acquires BioReliance

Posted: 01 Feb 2012 01:07 PM PST

Life science and technology company, Sigma-Aldrich Corporation (NASDAQ:SIAL) completed the acquisition of BioReliance Holdings Inc., from private equity firm Avista Capital Partners for $350 million in cash.
Sigma-Aldrich expects the acquisition to be modestly accretive to its earnings per share in 2012. Further, the addition of BioReliance’s industry-leading QA/QC testing services to Sigma's product portfolio will enable Sigma to build better and more customized products. The acquisition is … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

IBM Set To Acquire Worklight

Posted: 01 Feb 2012 01:07 PM PST

IBM Corp. (NYSE:IBM) recently announced that it is set to acquire mobile application and infrastructure software developer Worklight. The financial terms of the deal remained undisclosed but it is expected that the deal will close by the first quarter of 2012.
New York-based Worklight is a privately held firm with a research & development hub in Israel. Worklight's software caters to multiple verticals such as financial services, retail and healthcare. Other than IBM, the company has a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

China, Brazil,

Posted: 01 Feb 2012 12:50 PM PST

China’s trade ministry recently banned Vale S.A’s (VALE) 400.000-deadweight-ton "Valemax" vessels, along with other giant freighters and tankers, to protect Chinese ocean-freight industry.
Shipping rates have slashed by two-thirds since October, slashing revenue for ship-owners worldwide. As a protective measure, the Chinese trade industry's move comes as check on the mining giant's efforts to cut the cost of shipping iron ore to the Chinese market; thereby straining the country's … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Exactech Posts Prelim Revs, Outlook

Posted: 01 Feb 2012 12:40 PM PST

Orthopedic implant devices maker Exactech (NASDAQ:EXAC) reported preliminary sales for the fourth quarter and fiscal 2011. The Gainesville-based company expects to register revenues of $53.1 million in the fourth quarter, a year-over-year growth of 2.5%.
For the full year, the company expects to rake in sales of $205.4 million, an 8% annualized increase. Revenues for both the periods were essentially in line with the Zacks Consensus Estimates.
Exactech noted that its domestic sales for the year grew … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

CU, PLTM

Posted: 01 Feb 2012 12:30 PM PST

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

Earnings Scorecard: Intuitive

Posted: 01 Feb 2012 12:20 PM PST

Intuitive Surgical (NASDAQ:ISRG) reported favorable fourth-quarter 2011 results. Earnings per share came in at $3.75, beating the Zacks Consensus Estimate of $3.34 and the year-ago earnings of $3.02. Net income climbed 24.8% year over year to $151.2 million.
Fourth Quarter Review
Revenues increased 28% year over year to $496.8 million, beating the Zacks Consensus Estimate of $483 million.
Instruments and accessories revenues were $196 million in the quarter, up 30% year over year. Worldwide … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

NiSource Lags, Guides Favorably

Posted: 01 Feb 2012 12:05 PM PST

Diversified utility, NiSource Inc. (NYSE:NI) posted net operating earnings of 32 cents per share in the fourth quarter of 2011, falling short of the Zacks Consensus Estimate of 35 cents and the year-ago quarter's operating earnings of 33 cents per share.
NiSource's operating earnings of 2011 were $1.35 per share compared with $1.22 per share reported in 2010. The results were in line with the Zacks Consensus Estimate. 
NiSource recorded GAAP earnings for 2011 of $1.08 per share compared … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: National Oilwell

Posted: 01 Feb 2012 11:50 AM PST

Oilfield services company National Oilwell Varco (NYSE:NOV) is scheduled to report its fourth quarter and full year 2011 results on February 2, 2012, before the opening bell.
The Zacks Consensus Estimate for the upcoming quarter is a profit of $1.30 per share on revenues of $110.4 billion. For the full year, our earnings per share projection is $4.69 on revenues of $470.1 billion.
Third Quarter 2011 Recap
National Oilwell reported better-than-expected third-quarter 2011 results earnings per share … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Franklin Outpaced Estimates

Posted: 01 Feb 2012 11:35 AM PST

Franklin Resources Inc.'s (NYSE:BEN) fiscal first-quarter 2012 earnings of $2.20 per share were above the Zacks Consensus Estimate of $2.10 per share. Moreover, the results outpaced earnings of $1.88 per share in the prior quarter, but lagged earnings of $2.23 per share reported in the prior-year quarter.
Results improved due to lower operating expenses and higher assets under management (AUM) on a sequential basis. The lower top line was a partial offset.
Net income was $480.8 million in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Analyst Interviews: Semiconductor Stock Outlook

Posted: 01 Feb 2012 11:30 AM PST

The Semiconductor Industry serves as a driver, enabler and indicator of technological progress. Developments in the industry determine the way we work, transport ourselves, communicate, entertain ourselves and respond to our environment. The PCs we work on, the cars we drive, the phones we communicate with, the electronic gadgets on which we watch movies, listen to music and play games on, and the planes and weapons used to transport or protect us use semiconductor devices.

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

Berkley Beats On Higher Premium

Posted: 01 Feb 2012 11:20 AM PST

Property and casualty insurer W.R. Berkley Corp. (WRB) reported fourth quarter core operating earnings of 58 cents per share, 10 cents ahead of the Zacks Consensus Estimate of 48 cents. The earnings outperformance came on the back of higher net premium written, partially offset by lower investment income. Earnings, however, declined 17% year over year.
On a GAAP basis, net income dropped 3.5% to $118 million from $127 million reported in the year-ago quarter, while earnings per share declined … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: Are Commodities Toppy?

Posted: 01 Feb 2012 11:18 AM PST

Cusick’s Corner
The market bounced in the early morning hours, 1:00 am and yes I was up. The S&Ps ran with a better than expected Chinese PMI and that continued into the open with headlines that Greece looks to have some additional life support for the time being. The Buck, UUP, has not bounced which supports this run but I am looking for the action to potentially shift and dollar bulls might be looking to pick up some potentially long exposure at these low levels. Crude continues to trade … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: USDJPY Moves To New Day Highs

Posted: 01 Feb 2012 11:17 AM PST

The USDJPY has moved to new day highs. Earlier today the price moved below the trendline support at the 76.11 currently. The move back higher on the failed break, should lead to shorts getting more nervous.  The 76.60 level is the next target. Above that the 76.65 old floor area is also a target … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD Moves Lower On IIF Comments

Posted: 01 Feb 2012 11:17 AM PST

The IIF is on the newswires saying that the Greek deal will likely conclude next week as opposed to in the next few hours as implied by the Greeks themselves. The price of the EURUSD has wandered down on the headlines and looks to test the 38.2% of the days range at the 1.31439 level. Above that is the initial high for the day at 1.3151.  In order for additional liquidation to occur a move below thse levels will be … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Marathon Oil Delivers Mixed Quarter

Posted: 01 Feb 2012 11:10 AM PST

Oil and natural gas exploration and production firm Marathon Oil Corporation (MRO) reported weaker-than-expected fourth quarter 2011 profits, hurt by the absence of sales volumes in Libya and an increased tax rate.
Houston, Texas-based Marathon – which last year spun off its refining/sales business into a separate, independent and publicly traded company Marathon Petroleum Corporation (MPC) – announced earnings from continuing operations (excluding special items) of 78 cents per share, well … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Thermo Fisher Ups, Guides Guardedly

Posted: 01 Feb 2012 10:50 AM PST

Thermo Fisher Scientific (NYSE:TMO) reported an adjusted EPS of $1.18 in the fourth quarter of fiscal 2011, beating both the Zacks Consensus Estimate of $1.15 and earnings of 96 cents per share in the fourth quarter of 2010. For the twelve months, the adjusted EPS came in at $4.16, ahead of the Zacks Consensus Estimate of $4.13 and the previous year's $3.46.

Revenues increased 15% year over year to reach $3.13 billion during the quarter, higher than the Zacks Consensus Estimate of $3.07 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Manitowoc Beats By A Penny

Posted: 01 Feb 2012 10:35 AM PST

Manitowoc Co. Inc. (NYSE:MTW) has reported an adjusted EPS of 14 cents in the fiscal 2011 fourth quarter, compared with 10 cents in the year-earlier quarter. EPS in the quarter beat the Zacks Consensus Estimate by a penny.
Total revenue during the quarter increased 24.5% year over year to $1034.5 million, driven by sales improvement in both the business segments. Revenue in the quarter was ahead of the Zacks Consensus Estimate of $978 million.
Costs and Margins
Costs of goods sold increased to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Profitable Q4 From Northrop

Posted: 01 Feb 2012 10:35 AM PST

Los Angeles-based leading defense contractor, Northrop Grumman Corporation (NYSE:NOC), reported impressive fourth quarter 2011 results of $1.85 per share compared with $1.51 in the third quarter of 2010. Northrop results also exceeded the Zacks Consensus Estimate of $1.68 for the quarter. The upside in earnings was attributable to improved performance, lower interest expenses and a lower share count. This was partially offset by lower sales and higher taxes.
Fiscal 2011 earnings came in at $6.49 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Mogavero: “Volumes Are Extraordinarily Light”

Posted: 01 Feb 2012 10:30 AM PST

02/01/12 Mogavero, Lee & Co.’s Doreen Mogavero discusses trading volume in the equity markets, and considers the fundamental and technical factors that will continue to affect the broader markets in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Risk-Reward Balances For Endo Pharma

Posted: 01 Feb 2012 10:20 AM PST

We are maintaining our Neutral stance on Endo Pharmaceuticals (NASDAQ:ENDP) with a target price of $39.00.

Endo Pharma is a specialty healthcare solutions company that operates in the US and offers more than 175 products in the areas of pain management, urology and oncology.

Endo Pharma is on an acquisition/deal signing spree to expand its business. In January 2012, Endo Pharma inked a global license and development deal with BioDelivery Sciences regarding the latter's pain candidate BEMA … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Waddell & Reed Misses By A Penny

Posted: 01 Feb 2012 10:20 AM PST

Waddell & Reed Financial Inc.'s (NYSE:WDR) fourth quarter earnings came in at 47 cents per share, missing the Zacks Consensus Estimate by a penny. This also compares unfavorably with earnings of 54 cents in the prior-year quarter.
Though results benefited from higher operating revenues as well as improved investment and other income,deterioration in gross sales across all its revenue channels and higher operating costs were the headwinds. However, assets under management (AUM) showed decent … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

LUK Redeems Long-Term Debt Portion

Posted: 01 Feb 2012 10:20 AM PST

Leucadia National Corporation(NYSE:LUK) recently announced its plans of redeeming a portion of its long-term debt on March 15, 2012. Total redemption value will amount to approximately $528.3 million.
Redemption of long-term debt will include the entire 7-1/8% Senior Notes due 2017 and 8.65% Junior Subordinated Deferrable Interest Debentures due 2027. The company will be paying 103.563% of the principal amount for the Notes and 102.1395% of the principal amount for the Debentures as well as … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Starwood

Posted: 01 Feb 2012 10:10 AM PST

Starwood Hotels & Resorts Worldwide Inc. (NYSE:HOT) is slated to release its fourth-quarter and fiscal 2011 results on February 2, before the opening bell. The current Zacks Consensus Estimate for the fourth quarter is 57 cents per share on revenue of $1,399 million.  For 2011, the Zacks Consensus Estimates for earnings and revenue are pegged at $1.79 and $5,803 million, respectively.
The current Zacks Consensus Estimates for the fourth quarter and fiscal 2011 reflect year-over-year … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Silgan Holdings Beats Estimates

Posted: 01 Feb 2012 10:02 AM PST

Silgan Holdings, Inc. (NASDAQ:SLGN) has reported fourth quarter adjusted EPS of 56 cents, up from the year-ago adjusted EPS of 45 cents. Adjusted EPS beats the Zacks Consensus Estimate of 54 cents per share.
EPS in the fourth quarter in 2011 excluded a rationalization charge of 3 cents and the prior year quarter excluded pre-tax realization charges of 17 cents, pre-tax loss on debt extinguishment of 3 cents, and 3 cents of acquisition costs. Including these items, net income in the fourth quarter of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Dollar Declines As Data Comes In Short

Posted: 01 Feb 2012 05:00 AM PST

02/01/12 The dollar has extended its declines this afternoon following employment and manufacturing data that both fell short of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bank Of Uganda Cuts Interest Rate 100bps To 22.00%

Posted: 01 Feb 2012 09:24 AM PST

The Bank of Uganda cut its new monetary policy interest rate (the central bank rate [CBR]) 100 basis points to 22.00% from 23.00% previously.  The rediscount rate and Bank rate were also reduced by 100 basis points to 26% and 27% respectively.  Bank of Uganda Governor, Emmanuel Tumusiime-Mutebile, said: “Compared to the previous month, the BOU now believes that the prospects for a fall in inflation during the course of 2012 have strengthened.  The BOU is now … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Central Bank Of The Gambia Cut Rate 100bps To 13.00%

Posted: 01 Feb 2012 09:06 AM PST

The Central Bank of The Gambia cut its rediscount rate by 100 basis points to 13.00% from 14.00% previously, and left the reserve requirement ratio unchanged at 12%.  The Bank said: “Taking the above factors into consideration, including the inflation outlook and the lack of demand pressures from the slowing of the domestic economy, the MPC has decided to reduce the policy rate by 1.0 percentage point to 13 percent. The expectation is that other interest rates, particularly … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Oil Rises Above $99

Posted: 01 Feb 2012 02:00 AM PST

02/01/12 Oil prices rose above $99 a barrel this morning as the euro rallied against the dollar and reports of progress in Greek debt talks helped spur risk … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Investing Basics: What You Need To Know About Stock Screening

Posted: 01 Feb 2012 06:27 AM PST

While savvy investors may argue all day about which trading strategies work best, few would dispute that stock screening is a useful tool when it comes to getting an initial fix on a basket of potential investment candidates. 
When celebrated investor Benjamin Graham began penning his investment philosophy back in the 1930s, his teaching went on to inspire generations of investors. But without a great deal of time and good quality data, the ability to mirror quantitative value strategies … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

When To Sell Stocks – A CAN-SLIM Growth/momentum Perspective

Posted: 01 Feb 2012 06:19 AM PST

Knowing when to sell stocks is one of the most difficult aspects of investing. While there is no shortage of advice on buying strategies (whether value, growth or momentum), there’s a lot less written by those in the know about how investors can apply some logic to their selling decisions. Even the great and prolific Benjamin Graham seems to have been fairly quiet on the subject, other than a brief reference to selling after a price increase of 50% or after two calendar years, whichever … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For Forex Trading On Thursday, February 2, 2012

Posted: 01 Feb 2012 04:03 AM PST

By ForexMansion.com

The Trend Trader for Forex
For Trading On Thursday, February 2, 2012

THE BIG SIX

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AUDUSD – Aust Dollar / US Dollar
1.0703
+ 0.79
1.0630
1.0588

Bullish

EURUSD – Euro / US Dollar
1.3157
+ 0.58
1.3131
1.3111

Bullish

GBPUSD – British Pound / US Dollar
1.5831
+ 0.45
1.5752
1.5661

Bullish

USDCAD – US Dollar / Canadian Dollar
0.9986
− 0.38
1.0015
1.0053

Bearish

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

The Trend Trader For ETF Trading On Thursday, February 2, 2012

Posted: 01 Feb 2012 04:03 AM PST

By ForexMansion.com

The Trend Trader for ETFs
For Trading On Thursday, February 2, 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
110.58
− 0.42
110.79
110.31

Neutral

BND – Vanguard Total Bond Market ETF
83.78
− 0.34
83.95
83.68

Neutral

DBC – DB Commodity Index Tracking Fd
27.92
+ 0.32
27.93
27.98

Bearish

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 2, 2012

Posted: 01 Feb 2012 04:03 AM PST

By ForexMansion.com

The Trend Trader for Futures
For Trading On Thursday, February 2, 2012

INDICES

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

S&P 500 – Mar ESH2
1319.75
+ 0.88
1310.89
1314.58

Bullish

Dow Jones – Mar YMH2
12653
+ 0.56
12603
12641

Bullish

Nasdaq – Mar NQH2
2487.50
+ 0.94
2464.83
2450.58

Bullish

Russell – Mar TFH2
807.40
+ 2.05
794.23
789.03

Bullish

INTEREST RATES

US T-Bond – Mar ZBH2
144-11
− … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For Stock Trading On Thursday, February 2, 2012

Posted: 01 Feb 2012 04:03 AM PST

By ForexMansion.com

The Trend Trader for the Dow 30 Stocks
For Trading On Thursday, February 2, 2012

In alphabetical order by symbol

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AA – Alcoa Inc
10.20
+ 0.39
10.26
10.41

Bearish

AXP – American Express Company
50.62
+ 0.96
49.87
49.81

Bullish

BA – Boeing Co
75.37
+ 1.60
74.64
74.70

Bullish

BAC – Bank of America Corporation
7.36
+ 3.23
7.18
7.28

Bullish

CAT – Caterpillar Inc
110.52
+ … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

What Milestone Will China Achieve Next?

Posted: 31 Jan 2012 10:00 PM PST

The Economist put together a comprehensive dateline, charting which year China overtook or will overtake the U.S., using 21 indicators of consumption, GDP or spending.
It summarizes the significant milestones reached over the last decade or so, reminding us how far China has come. One significant milestone marking the road of economic growth began when China became the largest consumer of steel, then shortly after, copper and energy, as the government focused on its massive buildout of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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