Friday, March 23, 2012

DailyMarkets.com - Peabody To Underperform

DailyMarkets.com - Peabody To Underperform

Peabody To Underperform

Posted: 23 Mar 2012 11:55 AM PDT

We have downgraded our recommendation on Peabody Energy Inc. (NYSE:BTU) to Underperform from Neutral as the fourth quarter results of the company disappointed expectations and missed our projection by quite a margin.
Peabody, like other coal generators, continues to face stiff competition from natural gas producers and this competition is not expected to dissipate going ahead. Besides, Peabody depends on a small group of customers for bulk sales. Any unfavorable contract or failure to renew … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

AEP Retires Fewer Coal Plants

Posted: 23 Mar 2012 11:40 AM PDT

American Electric Power Company Inc. (NYSE:AEP), a public utility holding company, recently made official notifications to regional reliability organizations PJM Interconnection and Southwest Power Pool ('SPP') of the company’s plan to retire more than 4,600 megawatts ('MW') of coal-fueled power generation. However, this is far below the 6,000 MW retirement target announced by the company in fiscal 2011.
American Electric was forced to downsize its plant retirement target keeping in mind … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Nordstrom Revisits Salt Lake City (revised)

Posted: 23 Mar 2012 11:26 AM PDT

Recently, Nordstrom Inc. (NYSE:JWN), a leading fashion specialty retailer in the United States, announced the opening of a new store in Salt Lake City, Utah. The new 125,000 square foot showroom will offer both branded and private label merchandise.

Nordstrom is known for carrying high-end brands like Dries Van Noten, Burberry Prorsum, Michael Kors and Jason Wu. The new store will feature classic beauty brands designed by Giorgio Armani, Bobbi Brown, Kate Somerville and others.

The new store … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Petrobras Continues Santos Oil Find

Posted: 23 Mar 2012 11:20 AM PDT

Petroleo Brasileiro S.A. or Petrobras (NYSE:PBR) has stuck superior quality oil in the ultra deep waters of Santos Basin.
The company came across the accumulation while drilling the well — SPS-86B (4-BRSA-971-SPS), unofficially known as Carcara, in block BM-S-8. The well is located about 144.1 miles off the coast of Sao Paulo State and was drilled at a water depth of 6,650.3 feet in the pre-salt region.
This happens to be the third well explored in the Discovery Evaluation Plan area of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Tiffany, The Whole Story

Posted: 23 Mar 2012 11:15 AM PDT

No matter how short lived; the sparkles of Tiffany & Company (NYSE:TIF) did come under the shadow, when the company posted lower-than-expected fourth-quarter 2011 results. However that did not deter the company from providing a healthy outlook for fiscal 2012, highlighting the improving economic environment, despite nagging fears from the Euro zone.
We are taking the issue step by step, as we try to give a concrete picture of all that is going on at Tiffany, starting from soft sales growth, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Canadian National Buys Locomotives

Posted: 23 Mar 2012 10:50 AM PDT

After announcing plans for initiating new intermodal services connecting British Columbia and Alberta, Canadian National Railway (NYSE:CNI) is about to carry out another infrastructural development. The company is purchasing approximately 65 new and 96 second-hand locomotives to enhance the service abilities on its network and support the growing demand for rail freight.
Through the year, Canadian National will take deliveries of approximately 87 second-hand and 11 leased locomotives from GE … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Diamond To Offload Ocean Columbia

Posted: 23 Mar 2012 10:50 AM PDT

Diamond Offshore Drilling, Inc. (NYSE:DO) has inked an agreement with an affiliate of Hercules Offshore, Inc. (NASDAQ:HERO) to sell its jackup drilling rig − Ocean Columbia. The company expects to close the transaction in May 2012 but is yet to receive customary closing approvals.
Hercules will pay $40 million in cash for Ocean Columbia − the LeTourneau Class 82 SD-C designed drilling rig, and also has plans to employ it for Saudi Aramco under a three-year drilling pact. Per the drilling contract, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Polcari: “Next Week…window Dressing – Plenty Of Money On The Sidelines”

Posted: 23 Mar 2012 10:26 AM PDT

03/23/12 ICAP Equities talks global growth worries and improving US economic data ahead of the end of Q1, and discusses expectations for the upcoming earnings … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Accenture Beats, Ups Fiscal Outlook

Posted: 23 Mar 2012 10:25 AM PDT

Accenture plc (NYSE:ACN) reported second quarter fiscal 2012 earnings per share (EPS) of 97 cents, handily beating the Zacks Consensus Estimate of 86 cents. Earnings increased 28.8% from the year-ago quarter aided by higher revenues and margins, lower share count and tax rate as well as favorable foreign-exchange rates. Shares gained 1.79% in after-hour trade.
Revenues
Accenture reported second quarter net revenue of $6.8 billion (including a 1.0% negative foreign exchange impact), up 12.3% from … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

BofA Continues To Shrink

Posted: 23 Mar 2012 10:15 AM PDT

Although Bank of America Corporation (NYSE:BAC) strived and passed requirements of Federal Reserve's stringent capital criteria, BofA is still banking on its plan to shrink balance sheet in order to streamline its operations, focus on its core businesses and improve top-line growth. Earlier this week, BofA has come up with the divestiture of its consumer credit card operations in Ireland to Apollo Global Management LLC's (APO) fund affiliate, Apollo European Principal Finance Fund I (Apollo … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: GOL Linhas A

Posted: 23 Mar 2012 10:01 AM PDT

GOL Linhas A (GOL) will be reporting its fourth-quarter and fiscal 2011 earnings on Monday, March 26, 2012.
The current Zacks Consensus Estimate for earnings per share (EPS) is a meager 2 cents, representing an annualized loss of 92.61%.  
With respect to earnings surprises over the trailing four quarters, GOL outperformed the Zacks Consensus Estimate in one and underperformed in the rest of the quarters. Average earnings surprise was a negative 198.32%, implying that the company … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Apple Releases Its First Monthly Update On Supplier Working Conditions

Posted: 23 Mar 2012 10:00 AM PDT

03/23/12 Apple has updated its Supplier Responsibility page, providing its first monthly update on the problem of excessive work hours at its supplier factories around the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Orphan Drug Status For Lexicon Drug

Posted: 23 Mar 2012 09:40 AM PDT

Lexicon Pharmaceuticals, Inc. (NASDAQ:LXRX) recently announced that its candidate telotristat etiprate (LX1032) has been granted orphan drug status by the US Food and Drug Administration (FDA). LX1032 is being developed to treat patients suffering from carcinoid syndrome.
Carcinoid syndrome refers to a chronic disorder resulting from tumors in the gastrointestinal tract. The disorder, which results in severe diarrhea in addition to flushing episodes, has the potential to cause cardiac valve disease … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stressed Hartford Announces Split

Posted: 23 Mar 2012 09:30 AM PDT

After resisting its largest shareholder, John Paulson's incessant pressure for almost two months, Hartford Financial Services Group Inc. (NYSE:HIG) finally gave in to the demands of segregating its life insurance and property and casualty (P&C) businesses on Wednesday. Consequently, the company is on the lookout for suitable divestiture opportunities for its Individual Life and Retirement Plans segments along with Woodbury Financial Services. Woodbury is an indirectly-held, wholly-owned … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

AIG Prepays $1.5B Of AIA SPV

Posted: 23 Mar 2012 09:15 AM PDT

Yesterday, American International Group Inc. (NYSE:AIG) has repaid $1.5 billion it owed to the US Treasury against the preferred equity investment special purpose vehicle (SPV) in AIA Aurora LLC (AIA SPV). The payment was made a year ahead of the schedule.
To facilitate the holding of ordinary shares of American International Assurance Company Ltd. (AIA), the AIA SPV was founded in 2009. Although initially held by the Federal Reserve Bank of New York (FRBNY), the AIA SPV was later transferred to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

SOLD TVIX @ $8.50

Posted: 23 Mar 2012 09:04 AM PDT

My status as a shareholder of VelocityShares VIX 2X ETN (TVIX) came to a disappointing conclusion this morning as I sold all my shares for $8.50. The loss sustained from my two purchases was just shy of 50%. Ouch, double ouch, triple ouch and a few choice words added for good measure.

My TSI Trading record has been updated.

I was aware of the Net Asset Value issue several days ago, if not longer, but simply too naive to fully grasp the implications.  At this point I understand that … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

China Unicom Misses, Grows Y/Y

Posted: 23 Mar 2012 09:01 AM PDT

China Unicom (NYSE:CHU), China’s second largest mobile operator, announced fiscal 2011 results with earnings per share of RMB 0.18 ($0.28 per share). The annual earnings missed the Zacks Consensus Estimate by 9 cents but was 2 cents above the year-ago earnings.
Adjusted net income increased 20% year over year to RMB 4.21 billion ($0.65 billion). High costs associated with 3G service deployments and network expansion were compensated by strong revenues.
Revenue & Subscriber
Total revenue … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

NIKE Brands Lift Nike’s 3Q

Posted: 23 Mar 2012 09:01 AM PDT

Nike Inc. (NYSE:NKE), a global leader in sports equipment and apparel, came out with its third-quarter 2012 results.  The company's earnings came in at $1.20 per share, up 11.1% from the year-ago earnings of $1.08 per share, surpassing the Zacks Consensus Estimate of $1.16 per share. In the quarter, robust demand scenario for Nike brands coupled with selling and administrative expense leverage and lower share count boosted its bottom line.
Third Quarter at Length
Nike’s total revenue grew … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

US Stocks Dip On Housing Concerns

Posted: 23 Mar 2012 08:30 AM PDT

03/23/12 Housing weighed on US equities with new home sales for February posting a decline. KB Home shares tumbled after reporting earnings that … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Fred’s Beats, Ups 2012 Guidance

Posted: 23 Mar 2012 08:25 AM PDT

Fred’s Inc. (NASDAQ:FRED) reported a decent fourth quarter 2011 adjusted earnings of 25 cents (excluding the favorable tax effect of 2 cents) which exceeded the prior-year quarter earnings by 3 cents and the Zacks Consensus Estimate by 1 cent. The earnings were within the previously provided guidance range of 23 to 27 cents per share. The results were driven by top-line growth and strong gross profits.
Total sales increased 2% year over year to $497.6 million, in line with the Zacks Consensus … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Corn Falls As Chinese Demand Is Questioned

Posted: 23 Mar 2012 08:18 AM PDT

Friday, March 23, 2012
Though we are looking at a potentially record Corn crop this fall, old-crop supplies remain tight. With production out of South America down sharply this year, buyers may be forced to the U.S. to obtain supplies until the northern hemisphere harvest is complete. Some traders who are looking to take advantage of recent price weakness to establish a bullish position in old-crop Corn may perhaps wish to explore buying just-out-of-the-money bull call spreads in May Corn … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Boeing Focuses On Aviation Biofuel

Posted: 23 Mar 2012 08:15 AM PDT

The Boeing Company (NYSE:BA), along with Airbus and Embraer S.A. (NYSE:ERJ), signed a memorandum of understanding to work together on the development of drop-in, affordable aviation biofuels. The three leading airframe manufacturers agreed to seek collaborative opportunities to speak in unity to government, biofuel producers and other key stakeholders to support, promote and accelerate the availability of sustainable new jet fuel sources.
The three companies are of the consensus that the biggest … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Euro Rebounds In Quiet Trading

Posted: 23 Mar 2012 07:55 AM PDT

03/23/12 The euro rebounded to even hit a two-week high against the dollar during a mostly quiet European session … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Real Skinny On Being An Authorized User On Credit Card

Posted: 23 Mar 2012 07:40 AM PDT

… [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Crude Edges Higher As Dollar Slides

Posted: 23 Mar 2012 02:00 AM PDT

03/23/12 Oil futures edged higher Friday as the dollar retreated and the IEA shot down expectations of an imminent release of emergency crude … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

US Stock Futures Slip On Back Of Overseas Weakness

Posted: 23 Mar 2012 01:00 AM PDT

03/23/12 US stock futures traded slightly lower Friday as weakness in overseas markets kept investors in a sour mood ahead of housing market … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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