Friday, February 10, 2012

DailyMarkets.com - TOTAL 4Q Scrapes Through, Prices Up

DailyMarkets.com - TOTAL 4Q Scrapes Through, Prices Up


TOTAL 4Q Scrapes Through, Prices Up

Posted: 10 Feb 2012 11:50 AM PST

Integrated oil and gas company TOTAL S.A. (NYSE:TOT) reported fourth-quarter 2011 operating earnings of $1.62 per share (€1.20 per share) beating the Zacks Consensus Estimate by a penny. Operating earnings of the company reflected a growth of 5.2% from $1.54 (€1.14 per share) reported in the year-ago period.
TOTAL's 2011 operating earnings were $7.05 per share (€5.06 per share) compared with $6.08 per share (€4.58 per share) reported in 2010. The results of the company failed to meet the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Alere Beats In 4Q, Incurs Loss

Posted: 10 Feb 2012 11:35 AM PST

Alere (ALR), a medical products company focused on integrating rapid diagnostics with health management, reported fourth-quarter and fiscal 2011 adjusted earnings per share of 74 cents and $2.48, respectively, beating the corresponding Zacks Consensus Estimates of 68 cents and $2.32.
Reported net loss was about $365.2 million (or $4.62 per share) in the fourth quarter which contains, among other items, write down and amortization charges.
Revenues
Net revenues were $651.1 million in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Earnings Preview: Omnicom Group

Posted: 10 Feb 2012 11:20 AM PST

Omnicom Group Inc. (OMC) will report its fourth-quarter and FY11 earnings on Tuesday, February 14, 2012.
The current Zacks Consensus Estimate for earnings per share (EPS) is 95 cents, representing an annualized growth rate of 13.99%.  
With respect to earnings surprises, over the trailing four quarters, OMC outperformed the Zacks Consensus Estimate in all the quarters. The average earnings surprise was 6.66%, implying that the company outperformed the Zacks Consensus Estimate by the same … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Fragile Europe Hits Vodafone 3Q

Posted: 10 Feb 2012 11:05 AM PST

British mobile phone giant Vodafone Group Plc (NYSE:VOD) announced key performance indicators for the third quarter of fiscal 2012 (ended December 2011). In its interim statement for the quarter, the carrier reported consolidated revenue of £11.62 billion ($18.27 billion), representing a 2.3% year-over-year reduction. On an organic basis, group revenue inched up 1.6% from the year-ago quarter. Vodafone does not report earnings in its quarterly filing.
The lackluster performance in the third … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Central Reserve Bank Of Peru Holds Rate At 4.25%

Posted: 10 Feb 2012 10:55 AM PST

The Central Reserve Bank of Peru held its key monetary policy reference rate unchanged at 4.25%.  The Bank said: “Some current and advanced indicators of activity show a moderation of growth in the economy. For example, even though sales of electricity continued to grow in January, they showed a lower pace of growth than in December. Moreover, indicators of global economic activity have shown a better-than-expected evolution, but uncertainty in international financial markets … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Growth & Income Stock: Cabot Corporation

Posted: 10 Feb 2012 10:50 AM PST

Cabot Corporation (NYSE:CBT) recently delivered its 5th consecutive positive earnings surprise as earnings per share grew 15% year-over-year. And management provided a positive outlook for 2012, prompting analysts to revise their estimates higher.
It is a Zacks #2 Rank (Buy) stock.
The company also pays a dividend that yields a solid 1.8%. Valuation is reasonable too, with shares trading at just 13x forward earnings.
Company Description
Cabot Corp. is a specialty chemicals and performance … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Kona Grill Reports Profits In Q4

Posted: 10 Feb 2012 10:50 AM PST

Kona Grill Inc. (NASDAQ:KONA) recently reported fourth quarter 2011 adjusted earnings of 12 cents per share, which beat the Zacks Consensus Estimate by 11 cents and improved substantially from the year-ago loss of 5 cents. On a GAAP basis, net income was 8 cents a share versus a loss of 5 cents in the comparable quarter last year. Notably, Kona Grill recorded a profit for the first time since 2004.
In full-fiscal 2011, adjusted earnings per share were 28 cents versus a loss of 12 cents a share in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


National Bank Of Poland Keeps Benchmark Rate At 4.50%

Posted: 10 Feb 2012 10:49 AM PST

The Narodowy Bank Polski’s Monetary Policy Council held its benchmark 7-day interest rate stable at 4.50%.  The Bank said: “In the opinion of the Council, in the medium term inflation will be curbed by the gradually decelerating domestic demand. Decelerating demand growth will be driven by lower economic growth abroad, fiscal tightening in Poland and interest rate increases implemented in the first half of 2011.”

The Bank also kept the following interest rates unchanged: the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Iceland Central Bank Holds Lending Rate At 4.75%

Posted: 10 Feb 2012 10:37 AM PST

Iceland’s Sedlabanki kept its seven-day collateral lending rate steady at 4.75%.  The Bank said: “it will be necessary to withdraw the current degree of monetary accommodation as the recovery progresses and the slack in the economy disappears. The degree to which such normalisation takes place through higher nominal Central Bank rates will depend on future inflation developments. In the absence of an improvement in the inflation outlook, an increase in nominal interest rates will … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Cincinnati Bell ’11 Rev At New High

Posted: 10 Feb 2012 10:35 AM PST

Telecom services provider Cincinnati Bell Inc. (NYSE:CBB) has reported fourth quarter and fiscal 2011 results. Adjusted earnings of 3 cents per share in the fourth quarter missed the Zacks Consensus Estimate by 4 cents but was level with the  year-ago earnings.
Fiscal 2011 earnings plunged to 24 cents per share from 31 cents in the prior year.
Revenue inched up 1% year over year to $365.3 million in the reported quarter but was below the Zacks Consensus Estimate of $370 million. The … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Valdes: “No Shock…Greek Deal Fell Apart”

Posted: 10 Feb 2012 10:30 AM PST

02/10/12 DME Securities’ Alan Valdes discusses today’s slide in US equities and the ongoing uncertainty over Greece. Other big picture fundamentals including the fast approaching payroll tax cut … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex Trading: EURJPY Dips Back Below 100 Day MA And Fibo Retracement Hurdle

Posted: 10 Feb 2012 10:22 AM PST

The EURJPY today has triggered a correction wave for the pair after a week long rally. The price moved and closed above the 100 day MA yesterday for the 1st time since October 28th 2011, but has dipped back below the MA level (at 102.867) .  The move down todya has also moved below the 38.2% Fibo level (this was also broken yesterday) at the 102.546 level.
On the hourly chart below the price dipped below the trendline support as well (see chart below). The next key target on the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Earnings Preview: Gerdau S.A.

Posted: 10 Feb 2012 10:20 AM PST

 
Gerdau S.A. (NYSE:GGB) is slated to release its fourth quarter and fiscal year 2011 results on Wednesday, February 15. The current Zacks Consensus Estimates for the fourth quarter and fiscal year are 12 cents and 68 cents per share, respectively.   
Considering the earnings surprise, Gerdau outperformed the Zacks Consensus Estimate in two quarters, and underperformed in two others. The average surprise is a positive 33.55%, reflecting the magnitude of out performance in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Earnings Preview: Fidelity

Posted: 10 Feb 2012 10:05 AM PST

Fidelity National Information Services Inc. (FIS) is all set to announce its fourth quarter and full-year 2011 results on February 13, 2012, after the market closes. Fidelity reported a sedate third quarter, beating the Zacks Consensus Estimate by a penny.
Third Quarter Recap
In the third quarter of 2011, Fidelity earned 62 cents per share, an increase of 19.2% from the year-ago quarter, primarily driven by a 10.8% year-over-year growth in revenues to $1.43 billion. Revenues rose 4.1% … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


FLIR Beats Qtly Est., Lags FY11

Posted: 10 Feb 2012 09:50 AM PST

FLIR Systems Inc. (NASDAQ:FLIR) released its fourth-quarter 2011 earnings results before the market opened today, reporting earnings from continuing operations of 49 cents, above the Zacks Consensus Estimate of 45 cents and prior-year earnings of 43 cents. 
For 2011, earnings per share from continuing operations were $1.38, below the Zacks Consensus Estimate of $1.53 and prior-year earnings of $1.54. Full-year earnings was affected by net after tax impact of the severance cost, excluding which … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Risk Aversion Sees Euro Tank

Posted: 10 Feb 2012 09:45 AM PST

02/10/12 The dollar rebounded Friday afternoon as risk averion on a suspended Greek deal kept investors away from higher-yielding … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


NYSE Beats, Growth Sluggish

Posted: 10 Feb 2012 09:35 AM PST

NYSE Euronext Inc.'s (NYSE:NYX) fourth-quarter 2011 operating earnings per share of 50 cents came in a penny ahead of the Zacks Consensus Estimate and slightly higher than 46 cents recorded in the year-ago quarter. Consequently, operating net income climbed 12.8% year over year to $212 million from $188 million in the year-ago quarter.
NYSE reported GAAP net income of $110 million or 43 cents per share as compared with $135 million or 51 cents per share in the prior-year quarter. These include … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Mixed Results For Sonoco

Posted: 10 Feb 2012 09:30 AM PST

Sonoco Products Co. (NYSE:SON) reported fourth-quarter results delivering an adjusted EPS of 46 cents compared with 59 cents in the year-earlier quarter, which came in the mid way of its guidance range of 45 cents to 47 cents. The reported EPS was in line with the Zacks Consensus Estimate.
Unexpected deterioration in demand in the global Paper and Industrial Converted Products segment late in the quarter, a higher than expected effective tax rate and the impact of 6% fewer days affected the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Foreclosure Mess: The End?

Posted: 10 Feb 2012 09:20 AM PST

After months of waiting, homeowners have something to cheer about. The five large U.S. banks – JPMorgan Chase & Co. (NYSE:JPM), Bank of America Corporation (NYSE:BAC), Citigroup Inc. (NYSE:C), Ally Financial Inc. and Wells Fargo & Company (NYSE:WFC) – accused of faulty foreclosure practices, have finally agreed to the $25 billion settlement deal.
Touted as the largest joint federal-state settlement ever, the foreclosure mess settlement deal includes 49 states' attorneys general and federal … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


AMSC Beats, Still In Red

Posted: 10 Feb 2012 09:20 AM PST

American Superconductor Corporation (NASDAQ:AMSC) in the third-quarter of fiscal year 2011 ending December 31, 2011, reported an adjusted loss of 38 cents per share which beat the Zacks Consensus Estimate of a loss of 47 cents. Earnings in the reported quarter however came below the year-ago quarterly adjusted loss of 33 cents per share.
Operational Statistics
American Superconductor's total revenue of $18.1 million in the reported quarter was below the $31.6 million in the year-ago period. The … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


CAT Loss Fells XL Group

Posted: 10 Feb 2012 09:05 AM PST

XL Group (NYSE:XL) reported fourth-quarter 2011 operating loss of 25 cents per share, compared with the Zacks Consensus Estimate of 18 cents.  Results were far behind operating profit of 74 cents earned in the year-ago quarter. Operating loss was $79.6 million, compared with a profit of $242.4 million in the prior-year quarter.
The company delivered lower numbers largely due to higher catastrophe losses, lower levels of positive prior-year loss development and higher tax expenses.
Adjusted … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


The Manufacturing Industry’s Secret Success Story

Posted: 10 Feb 2012 08:59 AM PST

This won’t be a big surprise for regular CD readers, but today’s Investor’s Business Daily features a front page story on the recent strength of American manufacturing:

“If you listen to politicians these days, you’d think the country’s manufacturing industry was on its last legs. President Obama told Congress in his State of the Union speech that “we have a huge opportunity, at this moment, to bring manufacturing back,” and offered a wide range of tax breaks, worker training programs and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Chesapeake Fined In Pennsylvania

Posted: 10 Feb 2012 08:55 AM PST

Chesapeake Energy Corporation (NYSE:CHK) – the largest owner of leases in Pennsylvania's Marcellus Shale – has been fined $565,000 by the state authorities. The amount includes charges for three separate cases of environmental violations.
In the first case, the Pennsylvania Department of Environment Protection found Chesapeake guilty of permitting residues from a drilling site in Potter County to enter a stream during a heavy rainstorm. The company has been charged $215,000 for this … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Valero Set To Meet Demand Surge

Posted: 10 Feb 2012 08:36 AM PST

Valero Energy Corp. (NYSE:VLO), the largest independent refiner and marketer of petroleum products in the U.S., is all set to meet the growing demand for distillate in 2012. The company expects worldwide distillate demand to boost approximately 2% and gasoline demand by 1% this year.
Two hydrocracking units of the company that are under construction at refineries in Texas and Louisiana are expected to expand Valero's distillate output by 6% to 39% in 2013. The units will likely generate about … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Affymetrix Misses As Sales Dip

Posted: 10 Feb 2012 08:20 AM PST

Genetic products maker Affymetrix Inc's (NASDAQ:AFFX) fourth-quarter fiscal 2011 loss per share of 21 cents was higher than the Zacks Consensus Estimate of a loss of 7 cents. The California-based company recorded a loss of $14.7 million in the quarter compared with a profit of $4 million (or 6 cents a share) a year ago as it saw a double-digit decline in its top line.
For the fiscal, loss per share of 40 cents was also higher than the Zacks Consensus Estimate of a loss of 17 cents. Losses nearly … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex Trading: EURUSD Pausing Near Key Support. Tension.

Posted: 10 Feb 2012 08:18 AM PST

The pair has moved down and in NY but has started to find support against the 200 hour and 50% of the weeks range. The last dip down stopped at 1.3173 increasing the importance of the level.  On the topside, the 38.2% of the move down in NY comes in at the 1.32049 level and this price will be eyed closely by market traders on a test.
I feel a tension in the market and it seems another move is … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex Trading: EURGBP Corrects 50% Of Move Down. GBPUSD Finds Profit Takers Against The Weeks Lows

Posted: 10 Feb 2012 08:18 AM PST

The EURGBP found good support against the 38.2%  and 100 hour MA  earlier today at the  0.8348-50 area.  The price has sicne pushed quickly higher and tested the midpoint of that move down a 0.8377.  Now what?  Sellers have come in against the level and pushed the EURGBPU back down. In conjunction with that move the GBPUSD has seemed to have found some support against the low for the week at the 1.5729 level. The GBPUSD has moved back into the range that the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Wall Street Hit By Greek Deal Holdup

Posted: 10 Feb 2012 08:10 AM PST

02/10/12 US stocks slid as the Greek debt deal was put on hold. The US dollar strengthened, dragging commodities into negative … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Casey Gough’s “Do’s And Don’ts Of Networking” Or “Don’t Let Your Classwork Get In The Way Of Your Education”

Posted: 10 Feb 2012 08:09 AM PST

I strongly believe the key to successfully navigating our economic landscape is education.
Given that I am passionate about mentoring I try to impress upon all those whom I mentor the need to constantly expand their base of knowledge. I encourage them to read and learn from a wide array of resources including this blog and and also to utilize my Sense on Cents Career Planning link.
I also strongly encourage those whom I mentor that they "don't let their classwork get in the way of their … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Interesting Facts Of The Day: Dollar Stores

Posted: 10 Feb 2012 08:08 AM PST

1. The combined store count of the four dollar store chains— a total of 21,500 (consisting of 9,600 Dollar Generals, 4,200 Dollar Trees, 6,800 Family Dollars, and 285 99¢ Cent Only Stores)—now exceeds the combined store count of the three national drugstore chains (19,700 for CVS, Walgreens and Rite Aid).

2. There are 2.5 times as many Dollar Generals in the U.S. (9,600) as Walmarts (3,858), and both Dollar Tree (4,200) and Family Dollar (6,800) have more stores than Walmart.   … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Alexion Exits 2011 On A Strong Note

Posted: 10 Feb 2012 08:05 AM PST

Alexion Pharmaceuticals Inc.'s (NASDAQ:ALXN) fourth quarter 2011 earnings (excluding special items but including stock-based compensation) of 36 cents per share beat the Zacks Consensus Estimate by 7 cents and the year ago adjusted earnings by 14 cents per share. Earnings in the quarter benefited from increased revenues.
Quarterly Results
Alexion's revenues jumped 45.9% to approximately $227.6 million in the reported quarter driven by strong Soliris sales. Revenues surpassed the Zacks Consensus … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Total U.S. Trade Sets New Record High In 2011

Posted: 10 Feb 2012 07:21 AM PST

Total U.S. international trade (exports + imports) set a new record of $4.76 trillion in 2011 (see chart above), as both annual exports ($2.1 trillion) and imports ($2.66 trillion) reached record high levels last year, according to today’s BEA report.

Other highlights include:

1. Total international trade increased in 2011 by 14% compared to 2010 ($4.175 trillion), and was 35% above the recession-related cyclical low of $3.53 trillion in 2009.  Adjusted for inflation, the increases were … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Crude Dips More Than 2%

Posted: 10 Feb 2012 02:00 AM PST

02/10/12 Front month crude prices fell more than 2% this morning as Greek debt deal jitters and a sliding euro kept investors steering clear of oil … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Stocks Fall On New Greek Worries

Posted: 10 Feb 2012 06:15 AM PST

02/10/12 Stocks extended their losses Friday as debt negotiations in Greece stalled and after a handful of disappointing economic … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Australian Dollar, Euro Tank As Greek Deal Falls Apart

Posted: 10 Feb 2012 06:10 AM PST

Fundamental Headlines
- Banks Not Off Hook with $25B Mortgage Agreement – Bloomberg
- Fed Plays Wall Street Favorites in Secret Bond Deals – Bloomberg
- Iran Sanctions Already Hitting Oil Trade Flows – Reuters
- Romney Matches Obama in Stance on Outside Groups – WSJ
- Unrest Flares on Streets of Athens – WSJ
European Session Summary
Higher yielding currencies and risk-correlated assets took a plunge in the overnight, as data out of Asia and political developments in the Euro-zone … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Gold Bullfighters Beware

Posted: 09 Feb 2012 10:00 PM PST

On Wednesday, I appeared on Canada's Business News Network to talk gold with host Andrew Bell. Specifically, Andrew wanted to discuss my recent commentary that outlines the current drivers for gold.
I explained to Andrew that the combination of negative real interest rates and easy monetary policy, i.e. money printing, drive what I call the Fear Trade for gold. There's also the Love Trade which is driven by rising demand for physical gold in countries such as India and China.
Watch the BNN … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


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