Friday, February 3, 2012

DailyMarkets.com - OPRX Update Very Promising

DailyMarkets.com - OPRX Update Very Promising

OPRX Update Very Promising

Posted: 03 Feb 2012 08:00 AM PST

OPRX Update Very Promising

Brian Marckx, CFA

Business Update
 
This morning (2/3/12) OptimizeRx (OPRX) released an abbreviated operational update.  Included was that Q4 2011 results should show a profit – which will be the company's first quarter in the black.  It will also be an upside surprise relative to our estimated ~$400k loss for Q4.  We will update our model when the company releases Q4 results.   
 
The other two highlights in the press release … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Snap-On Beats Estimates

Posted: 03 Feb 2012 07:50 AM PST

Snap-On Incorporated (SNA) reported revenues of $736.6 million for the fourth quarter of 2011, up 5.7% from the 2010 levels. Excluding $1.5 million of favorable foreign currency translation, organic revenues increased 5.9%.
Net earnings of $74.3 million or $1.27 per diluted share increased from $57.9 million or 99 cents per diluted share a year ago. This was above $1.17 as per the Zacks Consensus Estimate.
Gross profit was $335.8 million and margin was almost flat at 45.6% of revenues, compared … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Revenues Skyrocket At Merged Alkermes

Posted: 03 Feb 2012 07:40 AM PST

Alkermes plc (NASDAQ:ALKS) reported earnings of 1 cent per share (excluding merger related costs and amortization of acquired intangible assets) in the third quarter of fiscal 2012 (ending March 31, 2012). The Zacks Consensus loss estimate hinted at a loss of 21 cents per share.
This was the first full quarter following the purchase of Elan Corporation's (NYSE:ELN) drug delivery unit, Elan Drug Technologies (EDT). We remind investors that Alkermes purchased the EDT unit in September 2011.
Alkermes … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Wynn Resorts Tops On Strong Growth

Posted: 03 Feb 2012 07:30 AM PST

The world’s third-largest casino operator in terms of revenue, Wynn Resorts Ltd. (NASDAQ:WYNN) reported fourth quarter 2011 adjusted earnings of $1.55 per share, breezing past the Zacks Consensus Estimate of $1.26 and the prior-year quarter earnings of 91 cents. On a GAAP basis, earnings per share was $1.52 versus 91 cents in the comparable quarter last year.
Net revenue climbed 8.6% year over year to $1,343.9 million, driven by solid business in Macau and Las Vegas.
For full year 2011, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: USDCHF Tests Topside Trendline.

Posted: 03 Feb 2012 07:19 AM PST

The USDCHF moved above trendline resistance at the 0.9226 level but come off. This trendline is from the high on Jan 20 connecting to the high on Jan 25th. The price previously moved above 38.2% of the same move down at the 0.92139.  Traders will be watching this level for bullish clues. If support holds against this level, the upside should have further potential with a move toward the 0.9244 (50%) being the next target.  If the level is broken, traders will look for the underside … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD Fall Stalls. Correction Will Be Eyed Closely.

Posted: 03 Feb 2012 07:18 AM PST

The fall in the EURUSD has stalled and the correction will be eyed closely by traders. The 38.2% of the sharp move lower comes in at 1.3118. The low from the asian session comes in at 1.3114. The low at 1.3124 is another important level. Traders, looking for further downside momentum (dollar buying) would not want to see the pair move above this area. Staying below it, keeps the bears in charge intraday at least.
The weeks range of 201 pips in the EURUSD is still light.  There exists a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Lower Enrollment Weighs On UTI

Posted: 03 Feb 2012 07:05 AM PST

Macro-economic headwinds, regulatory issues and lower students' enrollment continue to weigh upon Universal Technical Institute Inc. (NYSE:UTI) that went on to post lower-than-expected first-quarter 2012 results. The quarterly earnings of 16 cents a share was way below the Zacks Consensus Estimate of 27 cents, and dropped significantly from 42 cents earned in the prior-year quarter.
Net revenue for the quarter declined 9.4% to $106.4 million from the prior-year quarter, and came marginally ahead … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Incivek Catalyst At Play For Vertex

Posted: 03 Feb 2012 06:50 AM PST

Vertex Pharmaceuticals Inc. (NASDAQ:VRTX) posted fourth quarter 2011 earnings (including stock-based compensation expense) of 72 cents per share, missing the Zacks Consensus Estimate of 75 cents. However, fourth quarter earnings represented a huge turn around from the year-ago loss of 85 cents.
The 2011 loss per share of 49 cents missed the Zacks Consensus Earnings Estimate of 10 cents, but was narrower than the year-ago loss of $3.48 per share. Excluding the impact of stock-based compensation … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Commodity Currencies Surge As U.S. Economy Adds 243K Jobs In January

Posted: 03 Feb 2012 06:47 AM PST

Fundamental Headlines
• Bernanke Won't Tolerate Inflation to Boost Jobs – Bloomberg
• Unemployment Drops to 8.3%; Payrolls in U.S. Jump 243,000 – Bloomberg
• Fed Still Divided as Fisher Sees No Need for QE3 – Reuters
• China's Wen Tamps Down Concerns Over Europe Aid – WSJ
• With Tax Break, Corporate Rate is Lowest in Decades – WSJ
European Session Summary
Higher yielding currencies and risk-correlated assets were softer across the board headed into Friday's North … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

All About The Big Jobs Numbers

Posted: 03 Feb 2012 06:35 AM PST

It is all about jobs today, as the market digests this morning's significantly better-than-expected January jobs report. Not only do we have an impressive headline number, but the internals of the report speak of broad strength and an accelerating trend. Needless to say that the market will cheer today's report.

The Bureau of Labor Statistics reported better-than-expected non-farm payroll numbers for January of 243K, compared to expectations in the 130K to 150K range. The tallies for … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Chipotle Lags Estimate, Grows Y/Y

Posted: 03 Feb 2012 06:35 AM PST

Chipotle Mexican Grill Inc. (NYSE:CMG) has reported fourth-quarter 2011 earnings of $1.81 per share, missing the Zacks Consensus Estimate by 2 cents but improving from the year-earlier earnings of $1.47. In full-fiscal 2011, earnings were $6.76 per share versus $5.64 in the prior year.
The fast food restaurant chain reported fourth quarter revenues of $596.7 million, up 23.7% year over year, driven by new restaurant openings and higher comparable store sales (comps). In full-fiscal 2011, revenue … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: USDJPY Soars Higher (well Relatively) On Better Jobs.

Posted: 03 Feb 2012 06:21 AM PST

The USDJPY soared higher on the better jobs data. A move above the November low at 76.54 should open the door for further upside momentum. The 75.82 is the 200 hour MA. This will be another target level … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD Breaks Below 100 Hour MA, 50% Wks Range And 200 Hour

Posted: 03 Feb 2012 06:21 AM PST

The EURUSD has moved below the 100 hour MA and the weeks midpoint at 1.31257. The price has now moved below the 200 hour MA and looks toward the next target at the 1.3089 areal. 1.3076. 1.3051 and the low for the week at the 1.30257 are downside targets.
Traders will like to see corrections stay below the 1.31257 midpoint (and the 100 hour MA at the 1.3137) if the price breaks back above the 1.3137 level (100 hour MA) all bets off for the downside as the market stays unsure of the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: GBPUSD Falls Below 100 Hour MA But Finds Support At Trendlines.

Posted: 03 Feb 2012 06:21 AM PST

The lower trendline comes in at 1.5745 area and is from the lows back on Jan 13th connecting to the low on January 18th.  The 100 hour MA come in at 1.5781 currently.  The 1.5760 level is  another key level off the daily chart. It is the 38.2% of the move down from the August high.  This was broken this week. A move back below is not … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Gilead Misses EPS Ests, Sales Up

Posted: 03 Feb 2012 06:20 AM PST

Gilead Sciences Inc.'s (NASDAQ:GILD) adjusted earnings per share (EPS) of 92 cents (including stock option expense) for the fourth quarter of 2011 missed the Zacks Consensus Estimate by 8 cents, as higher revenues were offset by increased research and development (R&D) expenses. However, the earnings were 2 cents above the year-earlier earnings of 90 cents.
Fourth quarter revenues were up 10% from the prior-year quarter to $2.2 billion, spurred by higher product sales. Total revenue also edged … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stock Market News Briefs: Abercrombie & Fitch Company, Central European Distribution, Green Mountain Coffee Roasters, Sandridge Energy

Posted: 03 Feb 2012 06:20 AM PST

    U.S.-listed shares of Polish vodka maker Central European Distribution Corp. (NASDAQ:CEDC) advanced 18.39% to close the day at $5.28 after Russian Standard Corp. revealed it was proposing to increase its stake in the company

    Green Mountain Coffee Roasters Inc's. (NASDAQ:GMCR) share prices surged 23.85% after the coffee-products maker’s first-quarter earnings topped  estimates

    Specialty retailer Abercrombie & Fitch Co’s. (NYSE:ANF) shares … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Brightpoint Beats, Trims Outlook

Posted: 03 Feb 2012 06:05 AM PST

Brightpoint Inc. (NASDAQ:CELL) declared solid financial results for the fourth quarter of 2011, beating the Zacks Consensus Estimates. However, management reduced its prior financial outlook for fiscal 2012 due to stronger than normal seasonality in the ensuing first quarter and a broader global macro-economic volatility. 
Quarterly total revenue was $1,556.4 million, an improvement of 39% year over year and 16% sequentially. This was also significantly above the Zacks Consensus Estimate of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

I Make My Payments So Why Is My 2nd Mortgage An Issue?

Posted: 03 Feb 2012 05:58 AM PST

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


Amdocs Misses, Guides Higher

Posted: 03 Feb 2012 05:50 AM PST

Amdocs Limited (NYSE:DOX) declared its financial results for the first quarter of fiscal 2012, which fell below the Zacks Consensus Estimates. However, Amdocs provided a strong financial outlook for the rest of fiscal 2012. In a significant contract win, Amdocs recently extended its existing business agreement with Comcast Corp. (NASDAQ:CMCSA), the largest cable MSO in the U.S. The extension period is for multi year period, during which Amdocs will supply various products from its CES platform as … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Mitsubishi UFJ Reports Profits

Posted: 03 Feb 2012 05:35 AM PST

Mitsubishi UFJ Financial Group Inc.(NYSE:MTU) reported net income of ¥815.8 billion (US$10.4 billion) for nine months ended December 31, 2011 versus net income of ¥551.8 billion (US$6.3 billion) in the year-ago comparable period. Diluted net income per common stock was ¥56.92 (72 cents) versus ¥38.30 (44 cents) in the prior-year period.
Results reflected decrease in G&A expenses and a significant decline in consolidated credit costs driven by drop in credit costs from other subsidiaries. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

PerkinElmer Beats In 4Q, Posts Loss

Posted: 03 Feb 2012 05:20 AM PST

PerkinElmer (NYSE:PKI) reported fourth-quarter and fiscal 2011 adjusted (excluding one-time expenses) earnings per share of 62 cents and $1.83, respectively, exceeding the corresponding Zacks Consensus Estimate of 51 cents and $1.68 as well as year-ago earnings per share of 45 cents and $1.36, respectively.
Net loss from continuing operations was $84.2 million, or 75 cents per share in the fourth quarter versus net income of $43.1 million, or 37 per share in the prior-year quarter. The results for … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Smackdown: Spirtit Air Vs. Dept Of Transportaion

Posted: 03 Feb 2012 05:20 AM PST

IBTraveler — Spirit Airlines announced this week that it would add a $2 “unintended consequences fee” to all tickets due to new federal regulation aimed at protecting consumers. The “Department of Transportation Unintended Consequences Fee” was added to each ticket effective immediately and is a direct response to new DOT rules put in place Jan. 26 to offer travelers better “passenger protections.”

The most visible of the new rules was a law that required airlines to include mandatory … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Denver Trading Group

Posted: 03 Feb 2012 05:16 AM PST

I'll be speaking in Denver tomorrow (Saturday, Feb 4) for the Denver Trading Group. The event is scheduled from 9am to 1:00pm (but could go longer). Come out and see me and other traders in your area!
I'll be speaking on a number of great topics tomorrow, including pivots, volume profiling, and even VWAP!
Read more about the event here: Detailed Agenda
I look forward to seeing you tomorrow!
Cheers!
Frank Ochoa
PivotBoss | Own the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Oil, Metals Likely To Rise If US Jobs Data Stokes QE3 Bets

Posted: 03 Feb 2012 01:55 AM PST

Talking Points

Crude Oil, Copper May Rise if Weaker NFP Print Stokes QE3 Expectations
Gold, Silver Continue to Focus on Inflation Outlook Before US Jobs Report

WTI Crude Oil (NY Close): $96.36 // -1.25 // -1.28%
Crude oil continued to move lower yesterday as fears of an imminent blow-up of tensions between Iran and Western powers continued to unwind. The focus now turns to the closely watched US Employment report. Consensus forecasts call for the economy to add 140,000 to mark a slowdown from … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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