DailyMarkets.com - Freeport Cuts First Quarter View

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• Freeport Cuts First Quarter View
• Earnings Preview: Lululemon
• Target’s Share Buyback Program
• Watson Files ANDA, Attracts Lawsuit
• Do You Trust Uncle Sam?
• CSC Wins Health Department Order
• Commodity Currencies Slide As U.S. Dollar Regains Footing
• Stock Market News Briefs: Apple, Broadcom, Emulex, Target, United Parcel Service
• Loss At XOMA Wider Than Expected
• Apple New IPad Sells Like Hot Cakes
• ‘Green Shoots’ Still Firing, Somewhat
• Earnings Preview: CAG
• Disney’s Box Office Disaster
• Adobe Fails To Match Up
• Gordmans Outperforms In 4Q
• How To Forecast The Housing Market Without A Crystal Ball

Freeport Cuts First Quarter View Posted: 20 Mar 2012 07:55 AM PDT Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX) has trimmed its copper and gold sales outlook for the first quarter of 2012 following a strike at its Grasberg mine in Indonesia. Though operations at the mine have already started, the mine is slated to reach its full production by the second quarter of 2012. The mine's production was impacted as the strike lasted for three months last year and again started on February 23, 2012. Freeport also anticipates that the strike will reduce total … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Lululemon Posted: 20 Mar 2012 07:40 AM PDT Lululemon Athletica Inc. (NASDAQ:LULU), the leading athletic apparel and accessories retailer in Canada, the U.S. and Australia, is scheduled to report its fourth-quarter 2011 financial results before the opening bell on March 22. The current Zacks Consensus Estimate for earnings for the quarter is 49 cents a share. For the fourth quarter, revenue is expected at $360 million, according to the Zacks Consensus Estimate. Third Quarter Recap Lululemon posted earnings of 27 cents per share for … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Target’s Share Buyback Program Posted: 20 Mar 2012 07:25 AM PDT Target Corporation (NYSE:TGT) has been actively managing its cash flows, returning much of its free cash to shareholders through share repurchases, while maintaining a healthy balance sheet and credit ratios that are necessary for investment-grade ratings. The operator of general merchandise and food discount stores in the United States recently announced that it completed the $10 billion share buyback program authorized in November 2007, which facilitated it to repurchase 193.5 million shares at … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Watson Files ANDA, Attracts Lawsuit Posted: 20 Mar 2012 07:05 AM PDT Watson Pharmaceuticals Inc. (NYSE:WPI) recently confirmed that it has filed an abbreviated new drug application (ANDA) with the US Food and Drug Administration (FDA) to market a generic version of Abbott Laboratories’ (NYSE:ABT) cholesterol drug, Niaspan. In response, Abbott Labs has filed a lawsuit against Watson Pharma in the United States District Court for the District of Delaware. The company is seeking to prevent the generic company from commercializing its product before the patents expire. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Do You Trust Uncle Sam? Posted: 20 Mar 2012 07:01 AM PDT Don't believe anything that you read or hear and only half of what you see…  Almost from the outset of launching my blog back in early 2009, I coined the phrase the Uncle Sam economy to describe the massive presence and ultimate takeover of so many parts of our economy by the old man. I cautioned people that the old man was not a good business partner. What makes a good business partner?  Anybody involved in business knows there will be many times when you disagree with … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

CSC Wins Health Department Order Posted: 20 Mar 2012 06:50 AM PDT Computer Sciences Corporation (NYSE:CSC) recently announced that it has won a contract from The Maryland Department of Health and Mental Hygiene (MD DHMH), whereby it will be responsible to replace the state's Medicaid Management Information System (MMIS). Additionally, CSC is also expected to provide fiscal agent services for selected DHMH programs. The five-year base period contract has three two-year renewal options, with the estimated total contract value of $297 million. The contract … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Commodity Currencies Slide As U.S. Dollar Regains Footing Posted: 20 Mar 2012 06:46 AM PDT Fundamental Headlines - Bernanke Stands to Gain Financial-Market Experts with Nominees – Bloomberg - Housing Starts in U.S. Fell in February from Three-Year High – Bloomberg - Reluctant Russia wakes up to Energy Waste – Reuters - Dollar Reigns as China Concerns Crank Up – WSJ - GOP's Budget Targets Taxes – WSJ European Session Summary If Monday was supposed to set the tone for the week, Tuesday missed that memo. After holding to tight ranges yesterday, all of the major currencies … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stock Market News Briefs: Apple, Broadcom, Emulex, Target, United Parcel Service Posted: 20 Mar 2012 06:35 AM PDT     Shares of Apple Inc. (NASDAQ:AAPL) crossed $600 for the first time after the iPad and iPhone maker announced a dividend payout of $2.65 per share coupled with a share buyback program worth $10 billion     Target Corporation (NYSE:TGT) announced that its dividend will expectedly climb to $3 per share or more within 2017. The company also spoke of its plans to continue the share repurchases     United Parcel Service, Inc.'s (NYSE:UPS) acquisition bid … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Loss At XOMA Wider Than Expected Posted: 20 Mar 2012 06:35 AM PDT XOMA Corporation's (NASDAQ:XOMA) fourth-quarter 2011 loss of 34 cents per share was wider than the Zacks Consensus Estimate of a loss of 25 cents but narrower than the year-ago loss of 84 cents. Higher revenues and lower operating expenses led to the narrower year-over-year loss. Quarterly Results Revenue at XOMA improved marginally (2%) to $9.8 million in the fourth quarter of 2011. Revenues, however, were well short of the Zacks Consensus Estimate of $15 million. Revenue from license and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Apple New IPad Sells Like Hot Cakes Posted: 20 Mar 2012 06:25 AM PDT It has been a blockbuster opening for Apple's (AAPL) new iPad, as reportedly three million units of the new device were sold in the first four days of its launch. Released on March 16, 2012, the new iPad was initially available for sale in 12 countries including the US. The tablet will be available for sale in another 24 countries from March 24, 2012.  This tablet, which carries some exciting new features, has been touted as the biggest catalyst for driving Apple's growth story this … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

‘Green Shoots’ Still Firing, Somewhat Posted: 20 Mar 2012 06:25 AM PDT Today's trading action will likely mimic Monday's performance when Apple's (NASDAQ:AAPL) dividend announcement kept the positive momentum in place on an otherwise slow news day. This morning's favorable Housing Starts numbers for February do not have the same punch as the news about the iPhone maker, but it should nevertheless sustain the narrative of housing 'green shoots.' Warm weather likely did lend a helping hand to builders in February, but the emerging favorable housing story is … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: CAG Posted: 20 Mar 2012 06:05 AM PDT ConAgra Foods, Inc. (NYSE:CAG) will be reporting its third-quarter 2012 financial results on Thursday, March 22, 2012. The current Zacks Consensus Estimate for earnings per share (EPS) is 50 cents, representing an annualized decline of 0.40%.   With respect to earnings surprises over the trailing four quarters, CAG outperformedthe Zacks Consensus Estimate in two quarters while underperformed in the rest. Average earnings surprise was a positive 3.02%, indicating that the company outperformed … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Disney’s Box Office Disaster Posted: 20 Mar 2012 05:50 AM PDT Yet another science-fiction 'John Carter' is creating a buzz, but this time wiping out the smiles of the production house, The Walt Disney Company (NYSE:DIS). Disney is expected to register a loss of $200 million as the company's big-budget action flick turns out to be the biggest flop in its history, Reuters reported. The film was reported to have generated a mere $184 million in revenues from world wide ticket sales. However, Disney incurred more than $300 million on production and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Adobe Fails To Match Up Posted: 20 Mar 2012 05:40 AM PDT Adobe Systems Inc. (NASDAQ:ADBE) reported earnings of 42 cents for the first quarter ended February 2012, missing the Zacks Consensus Estimate of 46 cents. The results reflect weaker revenue across segments, with particular weakness in Creative Suit and its significant exposure to the European region. The GAAP tax rate was higher due to a one-time charge related to the acquisition of Efficient Frontier. Revenue Adobe's total revenue was $1.045 billion, down 9.3% sequentially, but up 1.7% year over … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Gordmans Outperforms In 4Q Posted: 20 Mar 2012 05:20 AM PDT Gordmans Stores Inc. (GMAN) posted earnings per share of 53 cents in the fourth quarter of fiscal 2011, outpacing the Zacks Consensus Estimate of 50 cents as well as the year-ago quarter's 44 cents. Earnings outperformance was mainly aided by improvements in comparable store sales and gross profit margins. In fiscal 2011, earnings per share were $1.30 per share versus 89 cents recorded in the year-ago quarter. Behind the Headline Numbers Net sales for Gordmans Stores grew 10.0% year over … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

How To Forecast The Housing Market Without A Crystal Ball Posted: 20 Mar 2012 03:23 AM PDT … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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