Thursday, February 16, 2012

DailyMarkets.com - Henry Schein Posts Solid 4Q

DailyMarkets.com - Henry Schein Posts Solid 4Q

Henry Schein Posts Solid 4Q

Posted: 16 Feb 2012 07:50 AM PST

Henry Schein Inc. (NASDAQ:HSIC) reported EPS of $1.15 in the fourth quarter of 2011, up 15% year over year and was ahead of the Zacks Consensus Estimate of $1.12. The company also reported EPS of $3.97 for fiscal 2011, up 10.9% from the adjusted EPS of the previous year and beat the Zacks Consensus Estimate of $3.94.
Henry Schein reported a 15.6% year-over-year increase in revenues to $2.3 billion, which surpassed the Zacks Consensus Estimate of $2.2 billion. The revenue growth included internal … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bob Evans Beats Estimate, Sales Flat

Posted: 16 Feb 2012 07:35 AM PST

Bob Evans Farms Inc. (NASDAQ:BOBE) has announced third quarter 2012 earnings of 69 cents per share, breezing past the Zacks Consensus Estimate of 60 cents per share and the year-ago quarter earnings of 51 cents per share.
The better-than-expected results were driven by cost-control initiatives of the company and improving sales trend.
The company posted net sales of $428.3 million, which remained flat year over year as combined same store-sales in the restaurant segment inched up 0.1%, resulting … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Merge’s EPS Beats, Revs Miss

Posted: 16 Feb 2012 07:25 AM PST

Merge Healthcare (NASDAQ:MRGE) reported adjusted EPS of 4 cents in the fourth quarter of fiscal 2011, which remained flat year over year but surpassed the Zacks Consensus Estimate of one cent. For fiscal 2011, adjusted EPS was 19 cents compared with 10 cents in 2010 and the Zacks Consensus Estimate of 13 cents.
Solid growth across all the company's segments triggered a 39% year-over-year increase in total revenue to $64.1 million during the quarter. However, revenues missed the Zacks Consensus … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: USDCHF Falls Below Trendline And MA Signaling The End Of The Trend (for Now)

Posted: 16 Feb 2012 07:22 AM PST

The USDCHF fell below trendline and the 100 bar MA on the 5 minute chart and this has prompted some profit taking selling in the USDCHF. The trend is still up but there could be additional selling that could take the price to 0.9257 and then a test of the 38.2% of the move up from yesterday's low at the 0.92433 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: USDJPY Showing Signs Of Consolidation/correction Mode

Posted: 16 Feb 2012 07:22 AM PST

NetApp Misses EPS, Guides Modestly

Posted: 16 Feb 2012 07:10 AM PST

NetApp Inc. (NASDAQ:NTAP) reported third quarter fiscal 2012 adjusted earnings per share (EPS) of 41 cents, missing the Zacks Consensus Estimate by 3 cents. Adjusted EPS excludes amortization of intangible assets, acquisition-related expenses, non-cash interest expense as well as investments and tax gains, but includes stock-based compensation expenses.
After the closing bell, NetApp’s share price jumped 8.58%. Despite the miss, shares performed well only on the next quarter guidance that was better … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Profiting From Political Intelligence

Posted: 16 Feb 2012 06:54 AM PST

Gaining sensitive, market moving information is NOT by its very nature illegal or unethical. In point of fact, those who are ingenious and industrious enough to outwork and outsmart the competition are fully deserving of the benefits and rewards that come their way.
That ingenuity and industriousness are cornerstones of capitalism. I love it and commend those who ethically pursue these paths to success.
That said, how are these pursuits regulated? Who is monitoring the exchange of what might … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Domestics Advance, But Europe Fumbles

Posted: 16 Feb 2012 06:50 AM PST

The Greeks scrambled to put together a deal to beat the March 20 deadline when they will be faced with a substantial refunding need. But now that they have a deal among themselves and agreed to pretty much all of the pre-conditions for a fresh bailout, the Europeans seem be in no hurry to discuss it with them.
 
A meeting of the Euro-zone finance ministers is tentatively scheduled for Monday, but there is also talk that the actual deal may get pushed to after the Greek elections in April. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Sunoco Beats Overall

Posted: 16 Feb 2012 06:50 AM PST

Oil refiner and marketer Sunoco Inc. (NYSE:SUN) has reported better-than-expected fourth quarter and full year 2011 results, with strong contributions from the logistics and retail marketing segments partially offset by weak production and steeper operating costs.
The company has reported earnings per share (excluding special items) of 5 cents, defying the Zacks Consensus Estimate of a loss of 27 cents. However, comparing year over year, results declined 54.5% from the prior-year adjusted result … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Markets In Everything: IPhone Repair

Posted: 16 Feb 2012 06:43 AM PST

Boston Globe — “Curt Ingram (iPhoneCurt.com) is part of the expanding mini-industry of repairmen working outside the realm of Apple, whose warranty does not cover "damage caused by accident,'' such as liquid contact (i.e. dropping it in the toilet) or broken screens.

In this growing age of smartphone dependence, the 45-year-old Ingram says, a broken iPhone is an emotionally stressful problem that must be fixed, immediately. "There are lots of people who won't leave the room while … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Weak Sales Hurt Skechers 4Q

Posted: 16 Feb 2012 06:35 AM PST

Skechers USA Inc. (NYSE:SKX) posted sluggish fourth-quarter 2011 results. The company delivered a quarterly loss of 54 cents a share compared with earnings of 7 cents a share in the prior-year period, dragged by weak top-line performance. The analysts polled by Zacks had estimated a loss of 23 cents a share.
On a reported basis, including one time items, Skechers delivered a loss of $1.18 per share.
Let's Dig Deep
Skechers, which competes with Deckers Outdoor Corporation (NASDAQ:DECK) and Nike Inc. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stock Market News Briefs: Abercrombie & Fitch Company, Comcast, Dean Foods Company, Kellogg Company, Procter & Gamble Company, Pinnacle Entertainment

Posted: 16 Feb 2012 06:35 AM PST

    Cable company Comcast Corp’s. (NASDAQ:CMCSA) shares increased 4.66% to close at $28.52 a day after the company sanctioned a $6.5 billion share buyback program

    Food and beverage company Dean Foods Co. (NYSE:DF) reported an adjusted quarterly profit that topped the Street’s estimates

    Casino operator Pinnacle Entertainment Inc’s. (NYSE:PNK) share prices ended higher after the company’s fourth quarter earnings came in above the Street’s … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hanesbrands Misses; Sales Dip

Posted: 16 Feb 2012 06:35 AM PST

Hanesbrands Inc. (NYSE:HBI) reported earnings per share of 41 cents for its fourth quarter 2011, which was 41.4% higher than the prior-year quarter. However,  the EPS was significantly lower than the Zacks Consensus Estimate of 51 cents.
For fiscal 2011, the company reported earnings per share of $2.69, which was 24.5% higher than the prior-year quarter. The result however, missed the Zacks Consensus Estimate of $2.79 by 3.6%.
Profits were primarily impacted by strong performance in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: USDCHF Following Trend Channel

Posted: 16 Feb 2012 06:18 AM PST

The USDCHF has been following a trend channel to the upside today but seems to be stalling in the early NY sesssion. The price has a top at 0.9298 which in NY session which was just above the earlier London morning high at 0.9294. The failure to extend with momentum higher may be a sign of a slowing of the trend.  A move below the trendline at the 0.9280 and the 100 bar MA at the 0.9278 level should cause furhter selling pressure.  A move above the 0.9298 level should lead to a move … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD Bounces Off The 50%. Tests Resistance

Posted: 16 Feb 2012 06:18 AM PST

The EURUSD found support/profit taking buyers in the early NY session, off the 50% retracement of the move up from the 2012 lows. Better US data has led to a flight into risk and as a result the EURUSD has bounced higher. The pair  is looking toward the next resistance target at the 1.3012 level (shallow trendline in the chart below).  Above level is the more important 38.2% of the move down from late Wednesday's high. That level comes in at the 1.30206 level.   The … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD Tests 200 Bar MA And 38.2% Retracement

Posted: 16 Feb 2012 06:18 AM PST

Cliffs’ Profit Falls In 4Q

Posted: 16 Feb 2012 06:17 AM PST

Cliffs Natural Resources Inc. (NYSE:CLF) posted net earnings of $185 million or $1.30 per share in the fourth quarter of 2011 compared with last year's $384 million or $2.82 per share. Earnings missed the Zacks Consensus Estimate of $1.54 per share. For full-year 2011, net earnings came in at $1.6 billion, or $11.48 per share compared with $1 billion, or $7.49 per share, in 2010. Earnings surpassed the Zacks Consensus Estimate of $11.46 per share.
Quarterly revenues came in at $1.7 billion, up … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Coming This Spring: Testing Milton Friedman

Posted: 16 Feb 2012 06:15 AM PST

Free to Choose Network — “2012 is the 100th anniversary of Milton Friedman's birth. His work and ideas continue to make the world a better place. As part of Milton Friedman's Century, a revival of the ideas featured in the landmark television series Free To Choose are being revisited in a new 3-part PBS broadcast. It will air across the country this spring and summer. Watch a preview … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Vale Misses On Devalued Real

Posted: 16 Feb 2012 05:55 AM PST

On February 15, Vale S.A (VALE) released its financial results for the fourth quarter and financial 2011. The company's net earnings in the quarter were 90 cents per ADR, on a fully diluted basis, down drastically from $1.12 per ADR in the year-ago quarter, missing the Zacks Consensus Estimate of $1.08 per ADR. The earnings suffered a negative effect of currency depreciation of the Brazilian real, against the US dollars.
For FY11, Vale's diluted earnings per share increased 34.2% to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Jobless Claims Fall To Lowest Level Since Apr. 2008

Posted: 16 Feb 2012 05:49 AM PST

In another positive sign that the U.S. labor market is gradually improving, the Labor Department reported today that the four-week moving average for initial jobless claims fell to 362,250 for the week ending February 11, which is the lowest level since the week of April 26, 2008, almost four years ago (see chart above). This marks the fifth consecutive weekly decline in the four-week moving average, and the tenth decline in the last eleven weeks. The number of seasonally-adjusted initial … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

CF Industries Reports Record 4Q

Posted: 16 Feb 2012 05:36 AM PST

CF Industries Holdings Inc. (NYSE:CF) reported fourth quarter EPS of $6.66 per share versus $2.78 per share in the year-ago quarter. However, the results missed the Zacks Consensus estimate by a penny.
In fiscal 2011, net earnings were $21.98 per share versus $5.34 per share in fiscal 2010.
Total sales of $1.72 billion in the reported quarter increased 38.8% from $1.24 billion in the prior-year quarter. Total sales volume of 3.8 million tons was down 44,000 tons compared with the fourth quarter of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Great Moments In Socialism

Posted: 16 Feb 2012 05:35 AM PST

1. “Imagine a city where all the major economic planks of the statist or “progressive” platform have been enacted: living wage laws, strong public-sector unions that militantly protect above-market wages and benefits, high taxes that redistribute income from businesses and the wealthy to the poor and bloated government bureaucracies. 

Would this be a shining city on a hill, exciting the admiration of all? We don’t have to guess, because there is such a city right: Detroit.”

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

Avis Budget’s 4Q Disappoints

Posted: 16 Feb 2012 05:21 AM PST

Avis Budget Group Inc. (NYSE:CAR) reported its fourth quarter and fiscal 2011 earnings results. For the reported quarter, the company posted loss per share of 14 cents, missing the Zacks Consensus Estimate of earnings per share of 6 cents and comparing unfavorably to the year-ago loss of 6 cents per share.
However, Avis Budget's earnings per share for full-year 2011 came in at $1.65, up 83% from 90 cents earned in the year-ago period. Earnings for the year, however, missed the Zacks Consensus … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD Falls To 50% Retracement. USDCHF Trends Higher. GBPUSD Stalls At Key Support

Posted: 16 Feb 2012 05:18 AM PST

Will 2012 Be A Comeback Year For Risky Assets?

Posted: 15 Feb 2012 10:00 PM PST

Last week John Derrick appeared on FOX Business to discuss the strong rebound in emerging markets so far in 2012 with Charles Payne. John explained that the global markets are currently in the early stages of a new easing cycle that began toward the end of 2011.
John said central bankers and government officials are focused on increasing economic activity through policies such as low interest rates and higher money supply growth rates. Riskier assets such as emerging market equities and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Will 2012 Be A Comeback Year For Risky Assets?Will 2012 Be A Comeback Year For Risky Assets?

Posted: 15 Feb 2012 10:00 PM PST

Last week John Derrick appeared on FOX Business to discuss the strong rebound in emerging markets so far in 2012 with Charles Payne. John explained that the global markets are currently in the early stages of a new easing cycle that began toward the end of 2011. John said central bankers and government officials are focused on increasing economic activity through policies such as low interest rates and higher money supply growth rates. Riskier assets such as emerging market equities and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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