Thursday, March 1, 2012

DailyMarkets.com - Harris Raises Dividend

DailyMarkets.com - Harris Raises Dividend

Harris Raises Dividend

Posted: 01 Mar 2012 07:55 AM PST

The board of directors of Harris Corporation (NYSE:HRS) recently announced a hike in the company's quarterly cash dividend by 5 cents or 18% to 33 cents per share on its common stock. The company will pay the dividend on March 16, 2012 to shareholders of record, at the close of business on March 7, 2012.
The cash dividend to be paid on an annual basis will be $1.32. The payout ratio as declared by the company is set to be in between 20% to 25%.
This is the company’s fifth dividend increase … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Navigant Appoints New CEO

Posted: 01 Mar 2012 07:35 AM PST

Navigant Consulting Inc. (NYSE:NCI), a specialized, global expert services firm, recently announced the appointment of Julie M. Howard as its new Chief Executive Officer (CEO), effective from today.
Howard, who earlier served as the president and Chief Operating Officer (COO) of the company, will also join the Navigant board of directors. Howard replaces William M. Goodyear as the CEO of Navigant. Following the management churn, Goodyear will move on to become the Executive Chairman of the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

WDC To Divest HDD Asset To Toshiba

Posted: 01 Mar 2012 07:20 AM PST

Hard Disk Drive (HDD) manufacturer Western Digital Corp. (NYSE:WDC) recently entered into an agreement with Toshiba Corporation to divest some HDD assets. The to-be-acquired assets will enable Toshiba to manufacture 3.5-inch hard drives for the desktop and consumer electronics markets and will also facilitate the process of manufacturing and selling 3.5-inch hard drives for near-line (business critical) applications. However, the completion of the deal is subject to regulatory approval.
This … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD Swings Back Higher After Failing On Break Below Key Support

Posted: 01 Mar 2012 07:18 AM PST

The market seems nervous and that was evident at the key support level below. The pair had good support against the 38.2% retracement of the move up from the Feb 16th low at the 1.32896 level and the 200 day MA at the 1.3294 level. When the price fell below these two key support levels, it should have solicited momentum technical sellers, but after dipping at 1.3281, the selling dried up and the price rotated back higher.

The correction higher has now moved to the 38.2% of the days … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: USDCHF Holds Against The 38.2% Retracement Level And Rotates Toward The 200 Hr MA

Posted: 01 Mar 2012 07:17 AM PST

The USDCHF was able to push above the 200 hour MA (green line in the chart above) at the 0.9038 level and move to the next key target – the 38.2% of the move down from the Feb 16th high. The price held this resistance target at the 0.9071 level (high reached 0.90707) and has since moved back lower. The 200 hour MA at the 0.9038 level will be eyed by traders for support. A break and the low for the day at the 0.9020 will be the next target, with further potential for a test of the 100 hour MA … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

FDA Issues CRL For Watson’s Drug

Posted: 01 Mar 2012 07:05 AM PST

Watson Pharmaceuticals Inc. (NYSE:WPI) along with partner Columbia Laboratories Inc. (NASDAQ:CBRX) recently announced that the US Food and Drug Administration (FDA) has issued a complete response letter (CRL) to the companies' new drug application (NDA) for progesterone vaginal gel 8%. The gel was under review for use in the reduction of risk of preterm birth in women with a singleton gestation and a short uterine cervical length in the mid-trimester of pregnancy.
In the letter, the regulatory body … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

MT Downgraded To Underperform

Posted: 01 Mar 2012 07:00 AM PST

We are downgrading our recommendation on the steel giant, ArcelorMittal (NYSE:MT) to Underperform from Neutral based on its disappointing fourth-quarter 2011 results.
The company's reported net loss of 65 cents per share in the fourth quarter of 2011 was much below the Zacks Consensus Estimate profit of 10 cents per share and last year's loss of 51 cents per share.
During the quarter, total steel shipments also decreased to 20.6 million metric tonnes versus 21.1 million metric tonnes in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Larry Doyle: The Jesus-Loving Cult Of Rick Santorum

Posted: 01 Mar 2012 06:45 AM PST

"LD, have you gone mad??"
"I thought Sense on Cents was a blog to navigate the economic landscape?"
Relax, folks. I have not gone mad and Sense on Cents is not changing its primary goals of promoting investor education and investor protection.
That said, I am compelled to digress on this one commentary given some of the recent messages I have received from people in the blogosphere in response to a commentary run at the Huffington Post written by a Larry Doyle entitled The Jesus-Eating … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Despite Food, Fuel And Financial Crises, World Bank Reports That Poverty Fell From 2005-2010

Posted: 01 Mar 2012 06:37 AM PST

The Economist — “The past four years have seen an economic crisis coincide with a food-price spike. That must surely have boosted the number of the world's poor (especially since food inflation hits the poor hardest)—right? Wrong. New estimates of the numbers of the world's poor by the World Bank's Development Research Group show that for the first time ever, poverty—defined as the number and share of people living below $1.25 a day (at 2005 prices)—fell in every region of the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Medicis’ EPS Falls, But Beats Ests.

Posted: 01 Mar 2012 06:35 AM PST

Medicis Pharmaceutical Corp.'s (NYSE:MRX) fourth quarter fiscal 2011 earnings per share (EPS) declined 24.4% from the prior-year quarter to 56 cents. Nonetheless, earnings were within management's guidance range of 51 cents to 57 cents per share, and above the Zacks Consensus Estimate of 54 cents.
Full year 2011 earnings of $2.40 per share came in ahead of the Zacks Consensus Estimate of $2.29 and were within Medicis' guidance range of $2.35 to $2.41 per share. However, 2011 earnings dropped … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Plethora Of New Info

Posted: 01 Mar 2012 06:35 AM PST

Stocks will have plenty to digest in today's session, with a host of consequential economic reports on deck. The Jobless Claims and Personal Income & Outlays readings were overall favorable, which should set for a favorable tone at the open. And going by the strong Chicago PMI reading on Wednesday, it is reasonable to expect further gains from the manufacturing ISM survey coming out a little later.
Wednesday's loss of momentum in the market followed Fed Chair Bernanke's congressional … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Joe’s Jeans Misses Estimates In 4Q

Posted: 01 Mar 2012 06:25 AM PST

California-based Joe’s Jeans Inc. (NASDAQ:JOEZ) posted breakeven results in the fourth quarter of fiscal 2011, missing the Zacks Consensus Estimate of 2 cents and the year-ago quarter’s earnings of one cent per share. The lower-than-expected result was primarily due to higher advertising and other expenses related to the launch of 55 Color campaign during the quarter.
Joe’s Jeans' net sales rose 8% year over year in the quarter to $25.4 million. The upside in sales was due to improved performance … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stock Market News Briefs: Dreamworks Animation SKG, Ferro, Nektar Therapeutics

Posted: 01 Mar 2012 06:25 AM PST

    U.S. listed shares of Israeli soda makers SodaStream International Ltd. (SODA) fell 14.21% after the company reported a steep decline in its unit sales growth in the fourth quarter

    DreamWorks Animation’s (NYSE:DWA) shares plummeted 12.16% to close at $17.26  after the movie maker’s fourth-quarter profit fell 71% due to  weak DVD sales

    Power producer GenOn Energy Inc.'s (GEN) shares advanced 6.69% to end the day at $2.46 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD In Narrow Trading Range As Data Awaited

Posted: 01 Mar 2012 06:18 AM PST

The EURUSD is in a narrow trading range today.  The low for the day was taken out in early NY trade but just barely. The low in London was 1.3304. The low in NY came in at 1.3300.  The low to high trading range is 56 pips which is much lower than the 20 day average of 121 pips.  However, the ranges have been trending to the downside of late.  The high 20 day average range in 2011 reached 146 pips.  The low range for a specific 24 hour day came in at 54 pips on the 1st … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: GBPUSD Swings Between Support And Resistance

Posted: 01 Mar 2012 06:18 AM PST

The 200 day MA held support at the end of yesterday's trading day and in the morning London trading hours. The rally back to the upside off the key level pushed against the topside resistance trendline. (see hourly chart below). Now the price is between the key support (200 day MA) and the topside resistance and searching for a direction bias  for the day.

Looking at the 5 minute chart below, the price has just held support against the 100 bar MA level (near the 38.2% of the days range … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

McDermott Misses On Both Lines

Posted: 01 Mar 2012 06:06 AM PST

Energy-focused engineering and construction company McDermott International (NYSE:MDR) reported weaker-than-expected fourth quarter and full year 2011 results, hurt by higher operating costs and poor performances from various projects.
The company reported earnings per share from continuing operations of 4 cents in the quarter, below the Zacks Consensus Estimate as well as the prior-year quarter result of 19 cents. The underperformance can be attributed to steeper operating expenses primarily due … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Titanium Metals Reports In Line

Posted: 01 Mar 2012 05:55 AM PST

Titanium Metals Corporation (NYSE:TIE) reported net earnings of $28.6 million or 16 cents per share in the fourth quarter of 2011, in line with the Zacks Consensus Estimate. However, the results were ahead of the prior-year earnings of $23.3 million or 13 cents per share.
In fiscal 2011, net earnings were $114.0 million or 64 cents per share, up significantly from $80.6 million or 45 cents per share in fiscal 2010.
Revenues
Quarterly revenues of $258.7 million increased 19.1% year over year. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Higher Loss At Medivation

Posted: 01 Mar 2012 05:35 AM PST

Medivation Inc. (NASDAQ:MDVN) reported a loss of 31 cents per share in the fourth quarter of 2011, wider than the Zacks Consensus loss Estimate of 29 cents and the year-ago loss of 11 cents.
2011 loss came in at $1.11 per share, a penny wider than the Zacks Consensus loss Estimate of $1.10 per share and well above the year ago loss of 99 cents. Higher expenses led to the higher loss. Full year revenues came in at $60.4 million, missing the Zacks Consensus Estimate of $63 million.
The Year in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Aggressive Growth Stock: Peoples Bancorp

Posted: 01 Mar 2012 05:21 AM PST

Peoples Bancorp (PEBO) is a Zacks #1 Rank (Strong Buy) after posting four upside surprises and gets higher estimates for 2012.
Company Description
Peoples Bancorp Inc. operates as a holding company for Peoples Bank, National Association that provides financial products and services. It offers commercial and retail banking, insurance, brokerage, and trust services. The company offers its financial products and services through 47 financial service locations and 40 ATMs in southeastern Ohio, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

EIX Beats EPS, Misses Revenue

Posted: 01 Mar 2012 05:21 AM PST

EdisonInternational (NYSE:EIX) reported earnings of 75 cents per share for the fourth quarter of 2011, beating past the Zacks Consensus Estimate of 45 cents and year-ago quarterly earnings of 58 cents per share.
On a reported basis, including one-time items, loss came in at $2.57 per share for the fourth quarter versus earnings of 51 cents per share in the year-ago quarter. The variance of $3.32 in the reported quarter between core and reported earnings was due to impairment charges for Homer … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

ARS Update: Calling All Money Market Investors

Posted: 01 Mar 2012 04:41 AM PST

Sallie Krawcheck was formerly president of global wealth and investment management at Bank of America and has also held senior positions at Citigroup (NYSE:C) and Sanford C. Bernstein & Company. She clearly understands the game.
Krawcheck wrote an excellent piece in The Wall Street Journal yesterday on the risks embedded in money market funds. Her work was largely exemplary BUT fell short of fully informing readers and investors of risks within these funds.
As is often the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Oil Gains Before US ISM Report, Gold And Silver May Recover

Posted: 01 Mar 2012 12:55 AM PST

Talking Points

Crude Oil, Copper Aim Higher Before Growth-Supportive US Data
Gold and Silver Likely to Rebound But Larger Down Trend Underway

Gold and silver prices plunged yesterday after Fed Chairman Ben Bernanke said the fall in US unemployment has been "more rapid" than the central bank expected in his semi-annual Congressional testimony, hinting a third round of asset purchases (so-called "QE3") would not materialize. The downgrade in dovish rhetoric weighed on stock prices – … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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