Friday, April 13, 2012

DailyMarkets.com - Nokia Anticipates Weaker Profits

DailyMarkets.com - Nokia Anticipates Weaker Profits

Nokia Anticipates Weaker Profits

Posted: 13 Apr 2012 07:50 AM PDT

Nokia Corp.(NYSE:NOK) recently slashed its profit outlook for the forthcoming quarters citing stiff competition, market share losses stemming from the lack of innovative products in its portfolio.
Earlier, Nokia teamed up with Microsoft Corp. (NASDAQ:MSFT) to launch their first Windows-based smartphones. But the move was not at all accretive for the company as it sold 12 million smartphones in the first quarter of fiscal 2012 versus 19.6 million smartphones in the fourth quarter of fiscal 2011. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Krispy Kreme COO Steps Down

Posted: 13 Apr 2012 07:40 AM PDT

Winston-Salem, North Carolina-based Krispy Kreme Doughnuts, Inc. (NYSE:KKD) recently announced that its President and Chief Operating Officer (COO) Kenneth A. May has stepped down from his position citing personal reasons.
Mr. May joined the company toward the end of November 2011 and we were encouraged with his appointment given his experience of more than 25 years in the field of retail, brand enhancement and supply chain. We expected Krispy to prosper under his leadership. 
However, his … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Quest Completes Management Churn

Posted: 13 Apr 2012 07:21 AM PDT

The long awaited CEO succession process has finally come to an end for Quest Diagnostics (NYSE:DGX). Recently, this diagnostic tool major announced the appointment of Stephen H. Rusckowski as the Chief Operating Officer (CEO), effective May 1, 2012. Stephen H. Rusckowski has earlier served as the CEO of Philips Healthcare since 2006 and will succeed Surya N. Mohapatra, Quest Diagnostics' present President and CEO.
Mr. Rusckowski is also set to join Quest Diagnostics' board of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Natural Gas Prices Fail To Hold Support At $2

Posted: 13 Apr 2012 07:18 AM PDT

Friday, April 13, 2012
Establishing a bearish position in Natural Gas with prices at 10-year lows may be difficult for many traders, despite few signs that the 4-plus year bear market is near an end. This scenario may present an attractive opportunity for some traders to explore bear put spreads in Natural Gas options. For example, with the June Natural Gas futures trading at 2.105 as of this writing, the June 2.05 puts could be bought and the 1.85 puts sold for a net-debit of 0.068, or $680 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Diageo’s Smirnoff In New Flavor

Posted: 13 Apr 2012 07:10 AM PDT

The world's leading brewer Diageo Plc.'s (NYSE:DEO) signature brand Smirnoff is all set to tingle the taste buds of its vodka lovers with the launch of its new flavored malt beverage offering, Smirnoff Ice Black. 
Smirnoff Ice Black, with its bold and refreshing taste comes in three flavors of Lemon Lime, Fruit Punch and Watermelon. They will be distributed in sleek, black can with higher Alcohol By Volume (ABV) compared to other products from the brand.
They will be offered in 16oz and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Is JP Morgan Fronting For The Fed?

Posted: 13 Apr 2012 07:09 AM PDT

Reports are swirling around Wall Street and the global markets about massive credit bets on the books at JP Morgan (NYSE:JPM).
A JP Morgan (NYSE:JPM) trader in London, Bruno Iksil, has been nicknamed 'the whale'. Iksil reports ultimately to Achilles Macris, JPM's chief investment officer in Europe and Asia. Bloomberg had an interesting discussion this morning about Iksil, Macris, JPM, and these positions. Let's watch and learn…

What do people think about JPM's explosive growth in these … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Google Starts 2012 With A Bang

Posted: 13 Apr 2012 06:50 AM PDT

Google Inc (NASDAQ:GOOG) started the year in style, beating our earnings estimate of $8.24 by 51 cents, or 6.2%. Revenue was more or less in line with consensus estimates of $8.1 billion.
Historically, Google has done much better than Yahoo Inc (NASDAQ:YHOO), which has been struggling to hold its own, and Microsoft Corp (NASDAQ:MSFT), which is yet to gain critical mass. Google's superior algorithms have consistently attracted more users and generated better conversions.  
Revenue
Google's gross … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

GM Recalls Crossover SUVs

Posted: 13 Apr 2012 06:50 AM PDT

General Motors Company (NYSE:GM) plans to recall 50,000 units of crossover sports utility vehicles (SUVs) due to a problem with their windshield wipers. The recall includes Chevrolet Traverse, Buick Enclave and GMC Acadia from the 2011 and 2012 model years.
All the vehicles were sold in cold-weather states in the U.S. Federal safety regulators revealed that wipers are becoming loose and malfunctioning due to the build up of ice and snow.
GM will notify the owners later this month for the recall. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Omnicom Group

Posted: 13 Apr 2012 06:50 AM PDT

Omnicom Group Inc. (OMC) will report its first quarter 2012 earnings on Tuesday, April 17, 2012.
The current Zacks Consensus Estimate for earnings per share (EPS) is 69 cents, representing an annualized loss of 0.11%.  
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 6.30%, implying that the company outperformed the Zacks Consensus Estimate by the same magnitude over … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Roche’s 1Q Sales Climb Up

Posted: 13 Apr 2012 06:35 AM PDT

Roche Holdings Ltd.'s (RHHBY) recently reported sales results for the first quarter of 2012. Revenues climbed 2% from the year-ago period, driven by growth in both the segments – Pharmaceuticals Division and Diagnostics Division.
Sales for the Pharmaceuticals Division climbed 2%, driven by strong sales of Pegasys (up 32%), MabThera/Rituxan (up 7%), Herceptin (up 7%) and Xeloda (up 15%). Continued uptake of Actemra/RoActemra (up 46%), as well as recently launched Zelboraf also added to the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stock Market News Briefs: Barnes & Noble, McKesson, Rowan Companies

Posted: 13 Apr 2012 06:30 AM PDT

    Rowan Cos. (NYSE:RDC) gained 9.7% to close at $33.99, the highest since August 9, 2011 after it  announced it had delayed moving its headquarters to the U.K. in an effort to stay on the S&P 500

    Shares of McKesson Corp. (NYSE:MCK) rose 3.9% after being awarded a contract valued at a maximum of $4 billion a year by the U.S. Department of Veterans Affairs to supply treatment centers

    Barnes & Noble, Inc.(NYSE:BKS) dropped 6.4% after … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

J.B. Hunt Posts Stellar 1Q

Posted: 13 Apr 2012 06:30 AM PDT

J.B. Hunt Transport Services (NASDAQ:JBHT), one of the largest U.S. truckload carriers, reported first quarter 2012 earnings of 57 cents per share, which surpassed the Zacks Consensus Estimate of 52 cents. Earnings per share soared 42.5% from 40 cents earned in the year-ago quarter on strong growth across most segments.
Total revenue increased 16.5% year over year to $1.17 billion, beating the Zacks Consensus Estimate of $1.15 billion. The year-over-year growth was aided by higher shipment in each … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Between U.S. & Chinese Fortunes

Posted: 13 Apr 2012 06:25 AM PDT

Today's trading action will reflect the interplay between relatively positive data on the home front and less-than-robust economic growth read from China. On the home front, we have a benign and QE friendly inflation reading and a solid start to bank earnings from JPMorgan (NYSE:JPM). The first quarter GDP read from China is by no means worrisome, but nevertheless fell short of expectations.

The Chinese economy grew at a slower-than-expected 8.1% pace in the first quarter compared to the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Lions Gate Reorganizes Operations

Posted: 13 Apr 2012 06:20 AM PDT

Lions Gate Entertainment Corp. (NYSE:LGF) announced the reorganization of its international film operations to integrate the operations of Summit Entertainment, which it acquired earlier this year.
The leading global entertainment company, Lions Gate, had to shell out $412.5 million to acquire Summit Entertainment, the maker of 'Twilight' series. Patrick Wachsberger, Lionsgate Motion Picture Group's Co-Chairman will head the operations as the division's former head, Helen Lee Kim, has … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Coca Cola

Posted: 13 Apr 2012 06:10 AM PDT

Cola giant, The Coca Cola Company (NYSE:KO) is all set to unveil its first quarter 2012 results on April 17, 2012, before the start of trading. The Zacks Consensus Estimate for the first quarter is 88 cents (estimated year-over-year improvement of 3.5%) on revenues of $10.8 billion (year-over-year increase of 2.9%).
Fourth Quarter Recap
The Coca-Cola Company delivered better-than-expected operating earnings of 79 cents per share in the fourth-quarter 2011, which exceeded the Zacks Consensus … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Wall Street-Washington ‘Code Of Silence’

Posted: 13 Apr 2012 05:58 AM PDT

Do you ever wonder why we have not heard more people on Wall Street coming forth to expose practices and policies which were prevalent in bringing our economy and nation to its knees? What is holding people and firms back from 'coming clean'? Why does the same scenario seem to be playing out in Washington as well?
Allowing bad behaviors to remain swept under the rug is little more than a catalyst for further bad behaviors down the road. Actually, punishing those who might look to expose … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Dow Boosts Dividend By 28%

Posted: 13 Apr 2012 05:50 AM PDT

The Dow Chemical Company (NYSE:DOW) announced a 28% hike in its dividend for the second quarter of 2012. As such, the dividend will now rise to 32 cents per share from the previous payout of 25 cents per share. The dividend will be paid on July 30, 2012, to the shareholders of record as of June 29, 2012.
By boosting its dividend Dow ensures that it can offer healthy returns to its shareholders which amply reflects the company's commitment of rewarding its shareholders. Dow also carries on debt … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Mattel

Posted: 13 Apr 2012 05:35 AM PDT

Mattel Inc.(NYSE:MAT), the largest manufacturer of toys in the world, is slated to release its first-quarter 2012 results on Monday, April 16, before the opening bell. The Zacks Consensus Estimate projects earnings of 7 cents per share for first quarter 2012 on revenues of $986.0 million.
With respect to earnings surprises over the trailing four quarters, Mattel has outperformed the Zacks Consensus Estimate in two quarters and posted in-line results in the other two quarters. The earnings … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Washington Federal Beats In 2Q

Posted: 13 Apr 2012 05:20 AM PDT

Washington Federal Inc. (WAFD) reported second-quarter earnings for fiscal 2012 (ended March 31, 2012) of 32 cents per share, marginally beating the Zacks Consensus Estimate of 30 cents. The result was also substantially better than the year-ago quarter's earnings of 23 cents. 
Net unrealized gains along with decline in credit costs and decent expansion of net interest margin (NIM) boosted the quarter's results. On the other hand, higher operating expenses and decline in top line had … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Wells Fargo & Co.

Posted: 13 Apr 2012 04:50 AM PDT

Wells Fargo & Company (NYSE:WFC) is scheduled to report its first quarter 2012 results before the market opens today. The Zacks Consensus Estimate for the quarter is 73 cents per share, representing an estimated year-over-year growth of about 9.5%.
We expect Wells Fargo to report a decent number this quarter but not a stellar one. We think that with solid fundamentals and strategic acquisitions, the company would benefit from an economic improvement, though a tepid one, and a somewhat upbeat … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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