Tuesday, February 14, 2012

DailyMarkets.com - Northrop Gets LITENING SE Contract

DailyMarkets.com - Northrop Gets LITENING SE Contract

Northrop Gets LITENING SE Contract

Posted: 14 Feb 2012 12:05 PM PST

Under the Low Rate Initial Production Program ("LRIP"), Northrop Grumman Corporation (NYSE:NOC) has received two follow-on contracts worth $66 million from the U.S. Air Force to provide additional LITENING SE advanced targeting pods.
LITENING is a targeting pod integrated and mounted externally to an aircraft. LITENING significantly increases the combat effectiveness of the aircraft during day or night and under-the-weather conditions, in the attack of ground and air targets, with a variety of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Reiterating Cepheid At Neutral

Posted: 14 Feb 2012 11:50 AM PST

We reiterate our Neutral recommendation on Cepheid (NASDAQ:CPHD) following its fourth-quarter 2011 results. The company reported a strong fourth quarter with both revenues ($80.1 million) and earnings (6 cents per share) going past the Zacks Consensus Estimate.
We are impressed with Cepheid making a record placement of 175 GeneXpert systems in the fourth quarter in its commercial business, taking the total number of systems placed during the year to 565. The company placed 88 systems in North … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Dean Foods

Posted: 14 Feb 2012 11:40 AM PST

Dean Foods Co. (NYSE:DF) is scheduled to report its fourth-quarter 2011 financial results before the market opens on February 15, 2012. The current Zacks Consensus Estimate for the quarter is 23 cents per share. For the quarter under review, revenue is expected to be $3,338 million, according to the Zacks Consensus Estimate.
For full fiscal 2011, the current Zacks Consensus Estimate for earnings and revenue stands at 73 cents per share and $13,110 million, respectively.
Third-quarter 2011, a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: MEMC Electronic

Posted: 14 Feb 2012 11:20 AM PST

MEMC Electronic Materials Inc. (NYSE:WFR) is scheduled to announce its fourth quarter fiscal 2011 results on February 15, 2012, after the market closes. Following MEMC's negative pre-announcement during mid-Jan, we notice major downward movements in analyst estimates.
Third Quarter Overview
MEMC delivered decent third quarter results, beating the Zacks Consensus Estimate on the bottom line. The quarter's adjusted earnings came in at 34 cents per share, which were much above our expectation. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: NZDUSD Shows Signs Of Break And Potential Trend

Posted: 14 Feb 2012 11:18 AM PST

The NZDUSD has been in a non trending range for the last 10 or so days. Apart from two failed breaks – one to the upside and one to the downside – the range is really tight. The low of the range comes in at the 0.8284 area. The high comes in at the 83.78 area. Today, the 100 and 200 hour MA converged with the price and has started to tilt to the downside.  When the 2 moving averages and price coverge, I look for a trend move away (called Three's a Crowd).  If the price is ready … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Comcast Corp.

Posted: 14 Feb 2012 11:10 AM PST

Comcast Corp. (NASDAQ:CMCSA) is slated to release its fourth quarter 2011 results on Wednesday, February 15, 2012, before the opening bell. The current Zacks Consensus Estimate for the fourth quarter is pegged at 42 cents per share, representing an annualized growth of 24.82%.
With respect to earnings surprises over the trailing four quarters, Comcast has outperformed the Zacks Consensus Estimate in three of the last four quarters. The average earnings surprise was a negative 0.73%.
Third Quarter … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Goodyear Misses, Profit Tumbles

Posted: 14 Feb 2012 10:50 AM PST

Goodyear Tire & Rubber Company (NYSE:GT) revealed a sharp 71% decline in profit to $6 million or 3 cents per share in the fourth quarter of 2011 from $21 million or 7 cents per share in the same quarter of 2010 (all excluding special items).
With this, the company failed to meet the Zacks Consensus Estimate of 26 cents per share during the quarter. Including special items, the company's profit was $18 million or 7 cents per share in the quarter compared with a loss of $177 million or 73 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Dr Pepper Snapple

Posted: 14 Feb 2012 10:50 AM PST

Dr Pepper Snapple Group Inc. (NYSE:DPS), a leading manufacturer and distributor of non-alcoholic beverages in the U.S., Canada and Mexico, is scheduled to report its fourth-quarter and full-year 2011 results before the opening bell on Wednesday, February 15, 2012.
The current Zacks Consensus Estimate for the fourth quarter and full year is 74 cents a share and $2.72 per share, respectively, reflecting a year-over-year estimated growth of 10.99% for the fourth quarter and 13.37% for full-year … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Host Hotels Beats Estimates

Posted: 14 Feb 2012 10:35 AM PST

Host Hotels & Resorts, Inc (NYSE:HST) reported fourth quarter 2011 FFO (funds from operations) of $233 million or 31 cents per share, compared with $187 million or 26 cents in the year-earlier quarter. The fourth quarter 2011 FFO beat the Zacks Consensus Estimate by a penny.
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.
The company also reported fourth quarter … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Marsh & McLennan Exits 2011 Fairly

Posted: 14 Feb 2012 10:35 AM PST

Marsh & McLennan Companies Inc. (NYSE:MMC) reported its fourth quarter operating earnings of 44 cents per share came in a penny lower than the Zacks Consensus Estimate, but modestly higher than 34 cents reported in the year-ago quarter. Operating earnings, which exclude one-time items in both the periods, surged 27.1% year over year to $244 million.
With the steady recovery in the economic environment, Marsh & McLennan posted improved results on account of top-line growth in all lines of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Hanesbrands Inc.

Posted: 14 Feb 2012 10:35 AM PST

Hanesbrands Inc. (NYSE:HBI) is scheduled to report its fourth-quarter and fiscal 2011 financial results before the opening bell on Wednesday, February 15, 2012. The current Zacks Consensus Estimate for the quarter is pegged at 51 cents a share. The Zacks Consensus Estimate projects revenues for the quarter to be $12,816 million.
The current Zacks Consensus Estimate for fiscal 2011 is pegged at $2.79 a share. The Zacks Consensus Estimate projects revenues for 2011 to be $56,615 million.
Third … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Excel Maritime Improves TC Contract

Posted: 14 Feb 2012 10:20 AM PST

Excel Maritime Carriers Ltd. (NYSE:EXM), a leading worldwide seaborne transporter for dry bulk cargoes, recently improved and consolidated the time charter contracts for its fleet. The company announced that it has entered into four new time charter agreements, all of which are for Kamsarmax vessels. M/V Iron Kalypso has been fixed for a period of 10 – 13 months at a gross daily rate of $11,500. The other three vessels, viz., M/V Ore Hansa, M/V Coal Gypsy, and M/V Iron Brooke have been fixed for a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

BofA Upgraded To Neutral

Posted: 14 Feb 2012 10:10 AM PST

We have upgraded our recommendation on Bank of America Corporation (NYSE:BAC) to "Neutral" from "Underperform" based on BofA's improving credit quality and various initiatives undertaken to stabilize its balance sheet. Though BofA's fourth-quarter earnings missed the Zacks Consensus Estimate, sale of non-core assets and accounting gains made it possible for the company to remain profitable.
We believe that the recent outflow related to the foreclosure settlement will likely hamper the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: ABB Ltd.

Posted: 14 Feb 2012 09:50 AM PST

ABB Ltd. (NYSE:ABB) is slated to release its fourth-quarter 2011 earnings result on Thursday, February 16, 2012. The current Zacks Consensus Estimate for fourth-quarter earnings per share (EPS) is 43 cents, representing an annualized growth of 25.74%. For full-year 2011, the Zacks Consensus Estimate is $1.46, representing an annualized decline of 26.71%.
ABB Ltd.'s earnings were below the Zacks Consensus Estimate in the third quarter and first quarter of the year while was above estimate in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

EPD To Boost ECHO Capacity

Posted: 14 Feb 2012 09:35 AM PST

Enterprise Products Partners L.P. (NYSE:EPD) plans to augment the crude oil storage capacity at its Enterprise Crude Houston (ECHO) crude oil terminal, presently under construction at southeast Harris County.
The partnership has acquired 37 acres of land adjacent to ECHO crude oil terminal in order to increase its crude oil storage capacity to around 6 million barrels by the second quarter of 2012, when the ECHO facility is expected to come online.
The ECHO terminal in the vicinity of two crude … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Encana Closes Cutbank Ridge Deal

Posted: 14 Feb 2012 09:25 AM PST

Encana Corporation (NYSE:ECA) completed the disposition of some of its properties in the Cutbank Ridge area to Calgary-based Veresen Inc. for approximately C$920 million. The sale was announced in early December, last year.
Per the deal, Encana sold its 100% interest in two natural gas processing plants – the Steeprock unit in northeast British Columbia and the Hythe facility in northwest Alberta – and approximately 229.9 miles of associated gathering pipelines. The facilities can process … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

RBI Makes Technical Adjustment To Bank Rate 350bps To 9.50%

Posted: 14 Feb 2012 09:19 AM PST

The Reserve Bank of India [RBI] raised its old bank rate 350 basis points to 9.50% as a one-time technical adjustment to align it with the main policy rates (repo rate, and reverse repo rate).  The interest rate (specifically discounting and rediscounting) has largely remained disused since 2003, however it has some application in liquidity management, and consistency between rates is considered desirable.  The RBI last held its main repo rate at 8.50%, and reverse repo rate … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD Fails To Take Out The Days Lows

Posted: 14 Feb 2012 09:18 AM PST

Well it might of taken out the low by a fraction of a pip but the markets inability to extend the range (materially) has the shorts covering.  The up and down characteristic of the day cannot be … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: DaVita Inc.

Posted: 14 Feb 2012 09:10 AM PST

A leading dialysis services provider in the U.S, DaVita Inc. (NYSE:DVA), is slated to release its fourth-quarter 2011 financial results after the market closes on February 16, 2012.
Currently, the Zacks Consensus Estimate for fourth quarter is $1.48 per share, representing a 31% growth over the year-ago quarter.
DaVita has been generating strong operating cash flow accruing from improved earnings, robust cash collections and the timing of payments for working capital expenditures. Moreover, the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Triple US Stock Market Check Into The Zone

Posted: 14 Feb 2012 09:08 AM PST

Technical traders across the world are monitoring current US Equity Indexes as they interact with the "Zone of Resistance" from their prior 2011 price highs.
Let's take a quick check-up on where the "Big Three" markets stand at the moment in relation to "The Zone."
First, the S&P 500 which hasn't quite cleared the Resistance Area yet:

For reference, what I'm describing as "The Zone" is the cluster of price overlap or resistance from the mid-2011 index highs.
This … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Universal Forest

Posted: 14 Feb 2012 08:50 AM PST

 
Universal Forest Products Inc. (NASDAQ:UFPI) is slated to release its financial results for the fourth quarter and fiscal year 2011 on Thursday, February 16. The current Zacks Consensus Estimate for fourth quarter is a loss of 4 cents and 27 cents per share earnings for the fiscal year 2011.
With respect to earnings surprises over the trailing four quarters, Universal Forest outperformed the Zacks Consensus Estimate in one quarter and lagged behind in the other three quarters. The … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

National Bank Of Kazakhstan Cut Rate 50bps To 7.00%

Posted: 14 Feb 2012 08:46 AM PST

The National Bank of Kazakhstan cut its key refinancing rate by 50 basis points to 7.00% from 7.50% as inflationary pressures eased.  NBK Chairman, Grigori Marchenko, said: ”If the level of inflation is the same, I think we could lower the refinancing rate again in April.”  Kazakhstan’s central bank last increased the interest rate in March last year by 50 basis points to 7.50%.

Kazakhstan reported inflation of 5.9% in January, 7.4% in December, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Reaffirming Affymetrix At Neutral

Posted: 14 Feb 2012 08:35 AM PST

We retain our Neutral rating on genetic products maker Affymetrix (NASDAQ:AFFX) following its tepid fourth-quarter fiscal 2011 results which missed the Zacks Consensus Estimates. Its loss per share of 21 cents for the quarter was higher than the Zacks Consensus Estimate of a loss of 7 cents.
Sales declined at a double-digit clip, hurt by lower product revenues, and also missed the Zacks Consensus Estimate. The California-based company witnessed declines across its consumable and instrument … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Intraday Retracement Divergence Combo Lesson Feb 13

Posted: 14 Feb 2012 08:26 AM PST

I wanted to highlight one of my favorite intraday trading "combo" set-ups that occurred twice on February 13th.
It's the "Retracement plus Dual Divergence" set-up that develops on all timeframes.
Let's take a quick moment to study this set-up as it appeared on the intraday frame and how we can apply it to other situations.
First, here's the SPY 5-min intraday chart from Feb. 13, 2012:

In trending markets, we want to look for retracement or pullback entries to give us low-risk … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Monster Signs DWP Contract

Posted: 14 Feb 2012 08:25 AM PST

Recently announced, Monster Worldwide (MWW) signed a four-year contract with the Department for Work and Pensions (DWP) for providing an online vacancy taking, filling and automated job matching service solution system to the latter.
As per this contract, Monster would refine the existing DWP job finding program by replacing it with its advanced 6Sense technology by autumn 2012, which would be able to match job opportunities with suitable candidate profiles in a much more accurate … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bond Prices Play Ping Pong

Posted: 14 Feb 2012 08:18 AM PST

Tuesday, February 14, 2012
Bad news out of Europe continues to be good news for US treasuries, as investors seek higher ground in these troubling times for the EU. The upside of the market also seems to be capped due to the fact that long-term yields cannot move much lower. Technically, we see the Bond chart trading in a sideways pattern, as if traders were playing ping pong with prices. Some traders may perhaps with to consider entering into a short strangle – for example, selling the March … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: USDJPY Tests Next Target Resistance

Posted: 14 Feb 2012 08:18 AM PST

The 200 day MA hurdle has been broken at the 78.03 level. THe 61.8% of the move down from the post BOJ intervention at the end of October is the next hurdle to clear. The price is also near highs from Decembers trade. In January the high reached 78.27 but this break was quickly … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD Tests Days Low. Day’s Range Still Light. 1.3106 Next Target On A Break.

Posted: 14 Feb 2012 08:18 AM PST

The EURUSD has moved lower and tested the days lows at the 1.31266 level.  With the range narrow for the pair (88 pips) there is a chance for a range extension. The next target below comes in against trendline support at the 1.3106 (see chart above).  This would extend the days range to a more respectable 108 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Wall Street In The Red, Retail Sales Disappoints

Posted: 14 Feb 2012 08:10 AM PST

02/14/12 US stocks declined following a weaker-than-expected retail sales report and Moody’s downgrade of several EU member … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hospira Beats; Quality Issues Continue

Posted: 14 Feb 2012 08:06 AM PST

Hospira's (NYSE:HSP) fourth quarter 2011 adjusted earnings of 51 cents per share fell short of the year-ago adjusted earnings by 26 cents. Earnings were hurt by the slowdown in production at the company's facility in Rocky Mountain, North Carolina, which accounts for approximately 25% of the overall net sales. Earnings however got the better of the Zacks Consensus Estimate of 45 cents due to higher-than-forecast top-line results.
The company came up with revenues of $1.0 billion, up 2.2% over … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Sitoa Global Adds To Its Partnership Sites

Posted: 14 Feb 2012 08:00 AM PST

Sitoa Global Adds to its Partnership Sites
Ken Nagy, CFA

On February 13, 2012, Sitoa Global, Inc. (STOA), the Menlo Park, California based e-commerce facilitator, engaged in the development, integration and hosting of B2C (business-to-consumer) social e-commerce sites, announced that it entered into a partnership agreement with BCLN Golf, Ltd (http://www.bclngolf.com/).

Under the new agreement, Sitoa will receive monthly hosting fees and a revenue share in return for the developing and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Auto Affordability Is The Highest Since 2009 And Will Boost Car Sales In 2012: Great Time To Buy

Posted: 14 Feb 2012 07:56 AM PST

From Comerica Bank:

“The purchase and financing of an average-priced new vehicle took 23.1 weeks of median family income in the fourth quarter of 2011, the best affordability reading since the third quarter of 2009. Consumers on average spent $1,050 less (a decrease of 4.0 percent) on new cars in the fourth quarter. 

"Auto affordability improved at the end of 2011, boosted by gains in personal income that were, in turn, supported by stronger job creation," said Robert Dye, Chief … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Oil Rallies Above $101

Posted: 14 Feb 2012 07:00 AM PST

02/14/12 Improved German confidence data and positive U.S. retail sales figures helped front month crude prices rise above $101 a barrel Tuesday morning, ahead of the EIA’s inventory data … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Slow Start For Global Stocks

Posted: 14 Feb 2012 01:15 AM PST

02/14/12 Global stocks were off to a slow start this morning as jittery investors were faced with mixed signals out of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
at

No comments:

Post a Comment