Wednesday, February 8, 2012

DailyMarkets.com - Virgin Media Outperforms

DailyMarkets.com - Virgin Media Outperforms

Virgin Media Outperforms

Posted: 08 Feb 2012 07:25 AM PST

Virgin Media Inc. (NASDAQ:VMED) reported strong financial results for the fourth quarter of 2011, easily beating the Zacks Consensus Estimates. In the previous quarter, average monthly churn rate was 1.3%, remaining same year over year. However, those who still subscribe to Virgin Media's services have shown their preference for the company's high-margin bundled services with super fast broadband offerings.
Another major growth area is the company's next-generation TV services. At the end of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD Tests Channel Support At 1.3249

Posted: 08 Feb 2012 07:18 AM PST

The EURUSD is testnng support at the 1.3249 level.  A move below this level opens the door for a test of the low from yesterday afternoon at the 1.3231. Other targets are the 38.2% of the move up at the 1.3212 level.
The range for the EURUSD is only 48 pips today. I would expect that the range will be extended at some point. The low for the day is 1.3240.  The high is … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Impressive 4Q For Stratasys

Posted: 08 Feb 2012 07:15 AM PST

Stratasys Inc. (NASDAQ:SSYS) reported earnings per share of 28 cents in the fourth quarter of 2011, outpacing the Zacks Consensus Estimate by 2 cents.
Revenue
Stratasys reported total revenue of $43.57 million in the fourth quarter of 2011, up 28.3% from $33.96 million in the year-ago quarter. The sales momentum was particularly strong during the final weeks of the year, resulting in a record year-end backlog, which includes over $12 million in system orders. Consequently, the company looks to be … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

TDG Beats Estimate

Posted: 08 Feb 2012 06:55 AM PST

TransDigm Group Incorporated (NYSE:TDG) reported first-quarter fiscal 2012 earnings per share from continuing operations of $1.15, outpacing the Zacks Consensus Estimate of $1.11 and prior-year loss per share of $1.19. Loss per share in first-quarter fiscal 2011 was a result of 87 cents per share of one-time cost related to the refinancing of the company’s capital structure to fund the acquisition of McKechnie.
Earnings in the reported quarter was aided by increased sales, solid proprietary … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

ValueClick Tops Estimates

Posted: 08 Feb 2012 06:55 AM PST

ValueClick Inc. (NASDAQ:VCLK) reported fourth quarter 2011 earnings (including stock-based compensation but excluding amortization of intangibles) of 43 cents per share that stormed past the Zacks Consensus Estimate of 29 cents per share. Moreover, reported earnings rose 43.3 % from 30 cents in the prior-year quarter.
Revenue
Revenues increased 41.9% year over year to $182.6 million in the quarter. Reported revenue was not only ahead of the Zacks Consensus Estimate of $175.0 million, but it also … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stock Market News Briefs: Coinstar, Goldman Sachs Group, Coca-Cola Company, Leggett & Platt, Incorporated, Mastercard Incorporated, NCR, Netflix, Regal-Beloit, Sears Holdings, Verizon Communications

Posted: 08 Feb 2012 06:55 AM PST

    Share prices of Coinstar Inc. (NASDAQ:CSTR) surged 13.79% a day after the automated solution provider announced it was teaming up with Verizon Communications Inc. (NYSE:VZ) to compete with Netflix Inc. (NASDAQ:NFLX). Separately, Coinstar said it will buy NCR Corp’s (NYSE:NCR) DVD service business

    Global manufacturer of electric motors and controls Regal-Beloit Corporation’s. (NYSE:RBC) shares advanced 6.93% after the company’s fourth-quarter profit and sales figures came in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Market Bulls Rely On…Greece?

Posted: 08 Feb 2012 06:55 AM PST

The improving odds of a Greek bailout and debt restructuring deal, following a key concession from the European Central Bank (ECB), should help stock market sentiment a bit today. But after the strong gains thus far in the market, we will need more than just the tentative outlines of a deal to push stocks higher significantly.
Notwithstanding a Greece-inspired boost at some stage in the next few days following an actual deal, the market doesn't really have much in terms of fresh catalysts.
A … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Lincare’s EPS Meets, Sales Top

Posted: 08 Feb 2012 06:55 AM PST

Lincare Holdings (NASDAQ:LNCR), a leading provider of oxygen and respiratory therapies, posted fourth-quarter fiscal 2011 earnings per share of 51 cents, matching the Zacks Consensus Estimate and exceeding the year-ago earnings of 48 cents. Profit fell 3.3% year over year to $44.6 million as higher costs more than offset a double-digit growth in the top line.
For the fiscal, earnings of $1.93 a share were also in line with the Zacks Consensus Estimate and above the year-ago earnings of $1.87. Profit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Broadridge Meets EPS, Guides Lower

Posted: 08 Feb 2012 06:55 AM PST

Broadridge Financial Solutions Inc.'s (NYSE:BR) second-quarter fiscal 2012 adjusted earnings per share (EPS) of 12 cents were on par with the Zacks Consensus Estimate and better than 8 cents earned in the prior-year quarter.
Revenues
Total revenue in the second quarter was $479.8 million, up 8.5% from $442.3 million a year ago. The revenue figure missed the Zacks Consensus Estimate of $497.0 million. The improvement was buoyed by an increase in recurring revenues from acquisitions, partially … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Euro Steady As Greece Continues Negotiations With Troika

Posted: 08 Feb 2012 06:43 AM PST

Fundamental Headlines
• Bernanke-Led Economy Shows Critics Wrong About Fed – Bloomberg
• Merkel Austerity Called Counter-Productive – Bloomberg
• Iran has Capability to Hit U.S. Forces Round the World – Reuters
• Concession Smoothes Way toward a Greek Deal – WSJ
• Greek Party Leaders Pore over Loan Deal – WSJ
European Session Summary
Higher yielding currencies and risk-correlated assets consolidated in the overnight, though the commodity currencies continued their meteoric … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

America’s Amazing Shovel-Ready Energy Stimulus; And It’s Happening Despite U.S. Energy Policy

Posted: 08 Feb 2012 06:29 AM PST

From the WSJ article "Oil and Gas Boom Lifts U.S. Economy":

“An energy boom is revving up the U.S. economy. The use of new drilling techniques to tap oil and gas in shale rocks far underground helped add about 158,500 new oil and gas jobs over the past five years, and economists think it has created even more jobs in companies supplying the energy industry and in the broader service industry. U.S. oil production is rising for the first time in decades. Natural gas has become so plentiful … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

European Concerns Supporting Wheat Prices For Now

Posted: 08 Feb 2012 06:22 AM PST

Wednesday, February 8, 2012
A look at the daily chart for May Wheat shows that there is good resistance in the market in the 700.00 to 720.00 area. Some traders who are expecting this resistance area to hold may perhaps wish to consider exploring selling out-of-the-money calls in Wheat futures options with strike prices above the resistance area. For example, with May Wheat trading at 679.75 as of this writing, the April 750 calls could be sold for 10.00, or $500 per option, not including … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: GBPUSD Tested Key Resistance Overnight

Posted: 08 Feb 2012 06:21 AM PST

The GBPUSD moved up to key topside resistance overnight against the 50% retracement and the 200 day MA at the 1.5924 and 1.5937 levels respectively.   The inability to extend higher led to a quick sell off during the London morning sesssion that took the price from the high at 1.5927 to the low at 1.5868. The 38.2% of the move up from yesterday's low came in at 1.5873. When the price stalled at the level, the market started to form a base against the level. It currently trades in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: USDJPY Finds Sellers At The 100 Day MA

Posted: 08 Feb 2012 06:21 AM PST

The USDJPY moved higher last night. Contributing to the rise was a report that the Current Account surplus came in lower than expectations. This helped weaken the Yen and move the USDJPY higher. However, the pair found willing sellers on the run up against the key 100 day MA.That level came in at the 77.15 level. The high came in at 77.179 (see blue line in the chart above).
Selling against the key technical level forced the pair back lower where it found support against the 38.2% of the move … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Disney Delivers Strong 1Q

Posted: 08 Feb 2012 05:55 AM PST

The Walt Disney Company (NYSE:DIS) delivered strong first quarter earnings that surpassed the Zacks Consensus Estimate. Better-than-expected results were driven by robust performance of Parks and Resorts and the Cable Networks segments.
First-quarter earnings of 80 cents a share were well ahead of the Zacks Consensus Estimate of 71 cents and jumped 18% from 68 cents in the prior-year quarter.
Total revenue for the quarter inched up 1% year over year to $10,779 million. However, revenue lagged … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Church & Dwight Beats Estimates

Posted: 08 Feb 2012 05:35 AM PST

Church & Dwight Co. Inc. (NYSE:CHD), a leading consumer products company, posted fourth-quarter 2011 earnings of 53 cents a share, beating the Zacks Consensus Estimate by couple of cents. The reported earnings were up 23% from 43 cents earned in the prior-year quarter.
Including one time items, earnings per share jumped 38% to 44 cents compared with 32 cents reported in the prior-year quarter.
The company's top line increased 11.3% to $731.1 million for the fourth quarter of fiscal 2011, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Cardica’s Losses Trim In 2Q

Posted: 08 Feb 2012 05:25 AM PST

Surgical devices maker Cardica's (NASDAQ:CRDC) second-quarter fiscal 2012 (ended December 31) net loss per share of 12 cents was lower than both the Zacks Consensus Estimate of a loss and the year-ago quarter's loss of 13 cents. Net loss narrowed 4.4% year over year to $3.2 million as lower costs more than offset a decline in sales.
Revenues dipped roughly 23.6% year over year in the quarter to $0.9 million, matching the Zacks Consensus Estimate. Product sales tumbled 25.9% year over year to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Questions Of Fairness And Rectitude

Posted: 08 Feb 2012 03:45 AM PST

Stephen Moore wrote a commentary entitled A Fairness Quiz for the President in the Wall Street Journal yesterday which generated hundreds of comments.
As I read the comments they seemed to break down largely along party lines. I think most of those commenting might not grasp the full picture.
With our nation in the midst of an increasingly confrontational political debate, I think it useful to promote serious questions of fairness and rectitude. 
In doing so, I would like to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Oil Higher Before Inveotry Data, Metals Await Clarity On Greece

Posted: 08 Feb 2012 01:55 AM PST

Talking Points

Oil Looks to Greece Bailout Deal, Inventory Data for Direction
Gold, Silver See US Dollar as Conduit for EU Crisis Developments
Copper Outlook Clouded Amid Indecisive Risk Sentiment Trends

WTI Crude Oil (NY Close): $98.41 // +1.50 // +1.55%
Crude prices shot higher yesterday after API reported the largest inventory drawdown in seven weeks. US Dollar weakness likewise contributed to the pickup as the greenback slumped to the lowest in three months as safe-haven demand unraveled … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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