Thursday, February 9, 2012

DailyMarkets.com - Teradata Beats On Strong Top Line

DailyMarkets.com - Teradata Beats On Strong Top Line

Teradata Beats On Strong Top Line

Posted: 09 Feb 2012 07:35 AM PST

Teradata Corp. (TDC) reported fourth quarter 2011 earnings of 62 cents per share, beating the Zacks Consensus Estimate by three cents. Earnings, including stock-based compensation of four cents, grew 24.0% from 50 cents per share in the year-ago quarter.
Quarter Details
Revenue increased 23.0% year over year to $673.0 million, surpassing the Zacks Consensus Estimate of $639.0 million. This improvement was primarily driven by a year-over-year growth of 24.0% in product revenue (software and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Statoil Beats On Higher Prices

Posted: 09 Feb 2012 07:30 AM PST

Statoil ASA's (NYSE:STO) fourth-quarter 2011 earnings of 79 cents per ADR marched past the Zacks Consensus Estimate of 73 cents. The quarterly result also showed a significant improvement from the year-earlier earnings of 58 cents per ADR, attributable to higher liquids and gas prices.
For full-year 2011, the company registered a profit of $2.84 per ADR, beating the Zacks Consensus Estimate of $2.61 per ADR and the year-earlier earnings of $2.19 per ADR.
Adjusted net income after tax came in at … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Whole Foods’ Healthy Performance

Posted: 09 Feb 2012 07:20 AM PST

Whole Foods Market Inc. (WFM) commenced fiscal 2012 with a bang, posting better-than-expected first-quarter 2012 results on the back of strong sales as shoppers flocked to the grocery chain. The company has been gaining market share compared with other supermarket chains.
These inflicted a sense of confidence in management's mind about the company's performance in 2012, which was quite evident through an upbeat outlook.
Let's Unveil the Picture
Austin, Texas based company, Whole Foods, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Good Quarter, Guidance From Cisco

Posted: 09 Feb 2012 07:00 AM PST

Cisco Systems' (NASDAQ:CSCO) second quarter 2012 earnings (excluding one-time items and including stock based compensation) beat the Zacks Consensus estimate by 5 cents, or 13.2%. Revenue was more or less in line, beating the consensus by 1.8%.
As in the past, estimate revisions were minimal prior to the announcement of earnings, raising the Zacks Consensus estimate for the quarter by a penny, flattish compared to the year-ago quarter and easily exceeded by Cisco.
Revenue
Revenue of $11.53 billion … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Akamai Surpasses Estimates

Posted: 09 Feb 2012 06:55 AM PST

Akamai Technologies, Inc. (NASDAQ:AKAM) reported earnings of 35 cents per share in the fourth quarter of 2011, which surpassed the Zacks Consensus Estimate of 31 cents. Earnings increased 16.7% from 30 cents per share reported in the year-ago quarter.
Reported earnings include stock-based compensation expense and amortization of capitalized stock-based compensation, but exclude amortization of other intangible charges and restructuring charges.
The year-over-year growth was primarily driven by … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

ECB, Greek Austerity, Jobless Claims & China

Posted: 09 Feb 2012 06:35 AM PST

In an expected move, the European Central Bank (ECB) left short-term interest rates unchanged at 1% this morning. It also appears that Greek politicians have finally come around to accepting all the demands of the EU/ECB/IMF troika that were a precondition to a fresh bailout for the country.

The major sticking point in the end was the demand for cuts to public sector pension benefits that the Greek leaders were resisting. But the issue appears to have now been decided, though all the details … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Headwinds Fail To Deter News Corp.

Posted: 09 Feb 2012 06:35 AM PST

Despite economic upheaval and the phone hacking scandal that resulted in the closure of the publication of 'The News of the World', News Corporation (NWSA) posted better than-expected second-quarter 2012 financial results, beating the Zacks' expectations on both counters. Healthy performances across cable-television networks and film and television studios were the catalysts that drove the quarter's performance.
Owned by Rupert Murdoch, News Corporation's quarterly earnings of 39 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Higher SG&A Drags Hhgregg’s Profit

Posted: 09 Feb 2012 06:30 AM PST

Hhgregg Inc.'s(NYSE:HGG) third-quarter ended December 31, 2011, income from continuing operations came in at $22.5 million or 60 cents per share, in line with the Zacks Consensus Estimate.
Net income and earnings dipped 16.4% and 9.1%, respectively, from the year-ago quarter. However, net addition of 35 stores during the past 12 months, a comparable store sales increase of 3.9% and a decrease in SG&A as a percentage of net sales, which was partially offset by a disproportionate fall in gross … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stock Market News Briefs: Apollo Investment, Buffalo Wild Wings, NVIDIA, OPNET Technologies, Rambus, Teekay Tankers Ltd, Western Union Company

Posted: 09 Feb 2012 06:30 AM PST

    Non-diversified management investment company Apollo Investment Corp’s. (NASDAQ:AINV) shares slid 10.45% after the company reduced its dividend from 28 cents to 20 cents a share

    Share prices of casino operator Caesars Entertainment Corp. (CZR) rocketed up 71% to close at $15.39 per share on its debut day on the bourses

    Shares of Western Union Co. (NYSE:WU) fell 10% to close at $17.73 a share after the money-transfer company revealed that its … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD Showing The Effects Of Headline Risk

Posted: 09 Feb 2012 06:22 AM PST

The EURUSD has been spiking up and down over the last hour of trading (see chart above) as headlines from Greece (austerity deal reached) and comments from Draghi has the market traders on edge. This is not unusual.  Event risk is high. Market risk is always presents and Liquidity risk is also high as traders play it safe.  The Midpoint of the days trading range today comes in at 1.32625. The 200 bar MA is 1.3266.  The bias is a touch more bullish as  prices are up on … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Jobless Claims Fall To Lowest Level Since Apr. 2008

Posted: 09 Feb 2012 06:13 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 366,250 for the week ending February 4, which is the lowest level since the week of April 26, 2008, almost four years ago (see chart above). This marks the fourth consecutive weekly decline in the four-week moving average, and the ninth decline in the last ten weeks.

If the current rate of decline in jobless claims … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Agrium Posts Record 4Q

Posted: 09 Feb 2012 06:05 AM PST

Agrium Inc. (NYSE:AGU) posted record net earnings of $374 million or $2.34 per share in the fourth quarter of 2011 versus $135 million or 86 cents in the prior-year quarter, outpacing the Zacks Consensus Estimate of $2.00 per share.
The fourth-quarter results exclude an impairment of Agrium’s investment of $61 million or 30 diluted earnings per share in Hanfeng Evergreen Inc.
In fiscal 2011, net earnings were $1.4 billion or $8.68 per diluted share compared with $713 million or $4.51 per diluted … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Rio Reports Weak FY

Posted: 09 Feb 2012 05:50 AM PST

Rio Tinto plc. (RIO) has reported its financial results for full-year 2011. Net earnings attributable to ADR holders of Rio Tinto during the period were $5,826 million, down 59.1% year over year from $14,238 million reported in full-year 2010. The resultant net earnings dropped primarily due to an impairment charge of $8.9 billion related to the Group's aluminum businesses.
Earnings per ADR from continuing operations were approximately $3.02, down drastically from $7.27 recorded in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Taxes & FX Dents BGC’s Profits Again

Posted: 09 Feb 2012 05:35 AM PST

General Cable Corporation (NYSE:BGC) reported fourth-quarter 2011 earnings per share of 9 cents, below the Zacks Consensus Estimate of 37 cents. The earnings per share were below the prior-year earnings per share of 66 cents.
Excluding the impact of 10 cents per share of non-cash convertible debt interest expense and 11 cents per share of mark-to-market losses on financial derivatives, adjusted non-GAAP earnings per share came in at 30 cents in the quarter.
For 2011, earnings per share were $1.61 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Equifax Posts A Decent 4Q

Posted: 09 Feb 2012 05:25 AM PST

Equifax Inc. (NYSE:EFX) has posted fourth quarter 2011 adjusted earnings per share (EPS) of 68 cents, inching past the Zacks Consensus Estimate by a penny. Results were up 9.7% from 62 cents reported in the year-ago quarter. The adjusted EPS excludes acquisition-related amortization expense. Management attributed the improvement to diverse product offerings which expanded Equifax' scope within the market.
Revenue
Revenue grew 5.7% year over year to $509.7 million. The upside could be attributed … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

BUY TVIX @ $14.79

Posted: 09 Feb 2012 04:43 AM PST

Towards the end of yesterday’s session I took the plunge and loaded up on VelocityShares 2X VIX ETN (TVIX) @ $14.79. As the following daily chart shows, there is a smidge of a True Strength Index (TSI) indicator trend line break BUY signal as well as a strongly favorable positive divergence BUY signal in place. On reflection last evening I am fairly confident I took this position too soon and I will show you why on the third chart below – the US Dollar Index (NYSE:DX).

I will also add that … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Oil, Metals Focus On ECB Rate Decision And Euro FinMin Summit

Posted: 09 Feb 2012 01:48 AM PST

Talking Points

Crude Oil, Copper Look to Risk Sentiment Trends for Direction
Gold, Silver Reflect US Dollar Response to Eurozone Debt Woes

WTI Crude Oil (NY Close): $98.71 // +0.30 // +0.30%
Short-term correlation studies suggest crude prices are seeing some re-coupling with market-wide sentiment trends after tensions between Iran and Western powers overtook the spotlight last week. This puts the spotlight on the Eurozone with traders focused on the outcome of the ECB interest rate decision … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Quiet After The Storm

Posted: 08 Feb 2012 10:00 PM PST

It's all quiet on the equity front. For the past month, the S&P 500 Index has experienced an unusually calm period of lower volatility.
Bespoke Investment Group says the timeframe between December 28 and January 26 has been remarkably lacking in "1 percenters." The firm found that it's been more than a year since the S&P 500 has gone 26 trading days without declining one percent.
While 26 days is a lot in today's volatile world, the consecutive lack of down days doesn't even … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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