Tuesday, April 24, 2012

DailyMarkets.com - Reprehensible Behavior A Cornerstone Of Its Business Model

DailyMarkets.com - Reprehensible Behavior A Cornerstone Of Its Business Model

Reprehensible Behavior A Cornerstone Of Its Business Model

Posted: 24 Apr 2012 05:28 PM PDT

Time for a rant.
Although I (and many others) have long been critics of Wall Street’s incredibly sleazy, recklessly psychopathic, and relentlessly self-destructive underbelly, there is another corner of the financial services industry that seems to have made reprehensible behavior a cornerstone of its business model.
As the New York Times reports in, “Insurers Alter Cost Formula, and Patients Pay More,” the insurance industry seems intent on making Congress look like a bastion of honesty and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crysis 3 Teases With Trailer

Posted: 24 Apr 2012 04:30 PM PDT

04/24/12 Crysis 3 will be unleashed in Spring 2013. The EA game transforms New York City into a land overtaken by nature, while players turn into the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Colgate-Palmolive

Posted: 24 Apr 2012 03:53 PM PDT

Colgate-Palmolive Company (NYSE:CL), one of the leading global consumer product manufacturers, is scheduled to report its first-quarter 2012 financial results on Thursday, April 26, 2012, before the market opens. The current Zacks Consensus Estimate for the quarter is earnings of $1.24 a share. For the quarter under review, revenue is expected to be $4,168 million, according to the Zacks Consensus Estimate.
Colgate has consistently beaten or met the Zacks Consensus Estimate in the recent past. A … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Total System Extends RBS Relations

Posted: 24 Apr 2012 03:43 PM PDT

Total System Services Inc. (NYSE:TSS) recently extended its long-standing agreement with the Royal Bank of Scotland (NYSE:RBS). Under the terms of the new agreement, the bank will continue providing payment processing and related services to customers in United Kingdom, Ireland and in the United States.
RBS has been a constant support to Total System since its entry in the European market over a decade ago. Together they manage more than 50 million accounts across 35 European clients.
The … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: AmerisourceBergen

Posted: 24 Apr 2012 03:23 PM PDT

Pharmaceutical services company AmerisourceBergen Corp. (NYSE:ABC) is scheduled to report its second quarter fiscal 2012 results before the opening bell on April 26, 2012. The Zacks Consensus Estimate for the second quarter is 81 cents (year-over-year increase of 5.2%) on revenues of $20,056 million (year-over-year increase of 1.5%).
First Quarter Recap
AmerisourceBergen's first quarter fiscal 2012 earnings increased 10.5% to 63 cents, in line with the Zacks Consensus Estimate. Earnings were … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

FOMC, Durable Goods Highlight Calendar

Posted: 24 Apr 2012 03:20 PM PDT

04/24/12 The FOMC meeting concludes on Wednesday with the rate announcement and forecasts scheduled for the afternoon. Bernanke’s press conference will be closely watched, along with economic data and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Northrop Makes Ties With Indonesia

Posted: 24 Apr 2012 03:11 PM PDT

Northrop Grumman Corporation (NYSE:NOC) has entered into an agreement with PT Industri Telekomunikasi Indonesia and the Research Centre for Electronics and Telecommunications of The Indonesian Institute of Sciences. The company has signed this Memorandum of Understanding during the Sixth National Radar Seminar at Bali in Indonesia.
Per the agreement, Northrop Grumman, with its advanced research and engineering and technical knowledge, will assist its Indonesian counterparts to develop and explore … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

5 Stocks That I Will Be Watching For 25th April

Posted: 24 Apr 2012 03:06 PM PDT

 ( click to enlarge )

Apple Inc. (NASDAQ:AAPL) are trading higher in the after-hours after reported net income above Wall Street's expectations for the second quarter. Currently, shares are higher by 7%, trading at $600, they ended the regular session lower by 2%, at $560.28. Following the investors reaction in the extended trading we should see a gap up tomorrow morning. It will be important an interesting also, see if stock will have legs to close above $600. A breakout above this level … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Taubman Centers

Posted: 24 Apr 2012 03:03 PM PDT

Taubman Centers Inc (NYSE:TCO), a real estate investment trust (REIT), is scheduled to report its first quarter 2012 earnings on April 26, 2012, after the closing bell. The current Zacks Consensus Estimate for the first quarter is pegged at 70 cents per share, representing year-over-year growth of about 10.5%.
Fourth Quarter Recap
Taubman reported fourth quarter 2011 FFO (funds from operations) of $176.1 million or $2.95 per share, compared with $59.6 million or $1.06 in the year-earlier quarter. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Nat’l Oilwell Varco

Posted: 24 Apr 2012 02:54 PM PDT

Global large-cap energy equipment maker National Oilwell Varco Inc. (NYSE:NOV) is scheduled to report its first quarter 2012 results on Wednesday April 25, 2012 before the start of trading.
The Zacks Consensus Estimate for the to-be-reported quarter is a profit of $1.39 per share (with an upside potential of 2.16%) on revenues of $4,311.0 million. In the year-ago quarter, National Oilwell Varco recorded a gain of $1.00 per share, while sales came in at $3,146.0 million.
Fourth Quarter … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: Newton’s Law

Posted: 24 Apr 2012 02:48 PM PDT

Cusick’s Corner 04-24-2012
This was a choppy, grinding day as we wait for AAPL earnings and the FOMC decision and statement. Speaking of AAPL, the expected move is $33.50 — I used the front month straddle & strangle and then divided by 2 at 3:39 pm ET. By looking at these options prices, the overall options marketplace appears to be pricing the options with the expectation that the stock may potentially move and have a $33.50 range between now and 4/27 which is the expiration of these … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Nestle To Acquire Pfizer Unit

Posted: 24 Apr 2012 02:42 PM PDT

Pfizer (NYSE:PFE), which has been exploring strategic alternatives for its Nutrition business, recently announced that it has entered into an agreement with Nestlé regarding it. Pfizer will divest its Nutrition business to Nestlé for a cash consideration of $11.85 billion.
While the sale of the Nutrition business was expected, the deal value was above expectations. The Nutrition business delivered sales of $2.1 billion in 2011, up 15%. Higher demand for premium products, new product launches and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

CEO Spotlight: Pat LePore, Par Pharmaceutical Companies

Posted: 24 Apr 2012 02:40 PM PDT

04/24/2012 Pat LePore, Chairman and CEO of Par Pharmaceutical Companies discusses the latest developments for the company in the generic drug market. Par Pharmaceutical Companies celebrated the 25th anniversary of its listing on the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Time Warner Cable

Posted: 24 Apr 2012 02:28 PM PDT

Time Warner Cable Inc. (NYSE:TWC) is slated to release its first quarter 2012 results on Thursday, April 26, before the opening bell. The current Zacks Consensus Estimate for the first quarter is pegged at $1.22, representing annualized growth of 21.08%.
With respect to earnings surprises over the trailing four quarters, Time Warner Cable has outperformed the Zacks Consensus Estimate in three of the last four quarters. The average earnings surprise was positive 4.22%.
Fourth Quarter Recap
On … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Glaxo’s Non-Core OTC Brands Update

Posted: 24 Apr 2012 02:05 PM PDT

GlaxoSmithKline plc (NYSE:GSK) recently announced that it has reached an agreement with Aspen Pharmacare Holdings Limited to divest its non-core over-the-counter (OTC) brands sold in international markets. As per the terms of the agreement, Aspen Pharmacare will pay £164 million in cash to Glaxo. The deal is expected to complete in the second quarter of 2012.
The brands being sold to Aspen Pharmacare include Phillips MOM, Solpadeine, Dequadin, Cartia and Zantac. These brands collectively recorded … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stocks Rally Above 13,000 On Strong Earnings

Posted: 24 Apr 2012 09:00 AM PDT

04/24/12 The Dow Jones got a boost after several blue chips reported solid quarterly earnings and after IBM hiked its … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: AvalonBay

Posted: 24 Apr 2012 01:59 PM PDT

AvalonBay Communities Inc. (NYSE:AVB), a multifamily real estate investment trust (REIT), is scheduled to report its fiscal 2012 first quarter earnings results after the market closes on April 25. The current Zacks Consensus Estimate for the first quarter earnings is $1.24, representing year-over-year growth of 15.1%.
Fourth Quarter Recap
AvalonBay reported fiscal 2011 fourth quarter funds from operations (FFO) of $113.4 million or $1.19 per share, compared with $86.8 million or $1.01 per share in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Yet Another Delay For Forest Labs

Posted: 24 Apr 2012 01:54 PM PDT

Forest Laboratories (NYSE:FRX) is facing another delay where the approval of one of its pipeline candidates is concerned. The company and its partner, Ironwood Pharmaceuticals, Inc. (IRWD) recently announced that the FDA has extended the review period for their new drug application for linaclotide.
Forest Labs and Ironwood are looking to get linaclotide approved for the treatment of irritable bowel syndrome with constipation (IBS-C) and chronic constipation (CC). The FDA has extended the review … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: KLA-Tencor

Posted: 24 Apr 2012 01:54 PM PDT

KLA-Tencor Corporation (NASDAQ:KLAC) is scheduled to report its third-quarter fiscal 2012 results on April 26, 2012. We see upward movement in analyst estimates in the build-up to the release.
Prior-Quarter Synopsis
KLA-Tencor's second-quarter earnings exceeded the Zacks Consensus Estimate by 6 cents. The quarter's results were driven by better-than-expected gross margins and a lower tax rate, partially offset by revenue decline.
Revenue was down 19.3% sequentially but up 16.2% year over year. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Equinix Inc.

Posted: 24 Apr 2012 01:54 PM PDT

Equinix Inc. (NASDAQ:EQIX) is scheduled to announce its first quarter 2012 results on April 25, 2012 after market close. We see some movement in analysts' estimates at this point.
Fourth Quarter Overview
Equinix delivered mediocre fourth quarter 2011 earnings of 38 cents a share, falling short of the Zacks Consensus Estimate of 44 cents.
Equinix' revenues in the reported quarter were $431.3 million, up 24.9% year over year. Revenue growth for the quarter was driven by improved business activity … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Western Digital: Earnings Preview

Posted: 24 Apr 2012 01:41 PM PDT

Western Digital Corp. (NYSE:WDC) is scheduled to announce its second quarter 2012 results on April 26, 2012 after market close, and we witness modest variation in analysts' estimates at this point.
Second Quarter Overview
Revenues in the second quarter of 2012 moved down 19.4% year over year to $1.99 billion. Western Digital shipped a total of 28.5 million hard drives as compared with 52.2 million in the year-ago quarter. Revenue from sales of the branded products was $328.0 million, down 40.0% … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

ICE To Conduct Phase III Auctions

Posted: 24 Apr 2012 01:41 PM PDT

The UK Department of Energy & Climate Change recently revealed that it has selected the UK arm of IntercontinentalExchange Inc. (NYSE:ICE) — ICE Futures Europe — to carry out the aviation allowances, formalities and auctions for Phase III of the EU Emissions Trading Scheme (EU ETS) on behalf of the UK Government. Subject to the approval of the European Union, the Phase III and aviation auction for UK is scheduled to start in November this year.
The authorities found … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Revocable Living Trust: Is It For You?

Posted: 24 Apr 2012 01:30 PM PDT

04/24/2012 InnerHarbor Advisors’ Michael J. Keating, CFP, talks about the pros and cons of establishing a revocable living … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Scorecard: Charles Schwab

Posted: 24 Apr 2012 01:20 PM PDT

Charles Schwab Corporation (NASDAQ:SCHW), a leading provider of securities brokerage and financial services, announced its first-quarter 2012 results on April 16. The results were in line with the Zacks Consensus Estimate.
The covering analysts had more than a week time to ponder the results. In the subsequent paragraphs, we will cover the recent earnings announcement, resultant analysts' estimate revisions along with the Zacks Rank and our long-term recommendation on the stock.
Earnings Report … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Equity Residential

Posted: 24 Apr 2012 01:20 PM PDT

Equity Residential (NYSE:EQR), a multifamily real estate investment trust (REIT), is scheduled to report its fiscal 2012 first quarter earnings results after the market closes on April 25. The current Zacks Consensus Estimate for the first quarter earnings is 62 cents, representing year-over-year growth of 10.5%.
Fourth Quarter Recap
Equity Residential reported fiscal 2011 fourth quarter funds from operations (FFO) of $201.4 million or 64 cents per share, compared to $136.4 million or 45 cents per … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Raytheon Radars Assist US Navy

Posted: 24 Apr 2012 01:10 PM PDT

Defense contractor Raytheon Company (NYSE:RTN) announced that the U.S. Navy has purchased two more digital-based radar systems. The new radar systems are scheduled to be installed at military bases in New River, North Carolina, and Quantico, Virginia. The new radars will replace the old analog-based air traffic control system at these bases.
The U.S. Navy continuously looks to upgrade its air traffic control systems. The replacement of analog radars with digital-based technology is part of the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

MetLife Slapped With Legal Charges

Posted: 24 Apr 2012 01:10 PM PDT

Yesterday, MetLife Inc. (NYSE:MET) admitted charges of about $500 million in a multi-state investigation where the regulators found the life insurer guilty of blocking the funds allocated for the death beneficiaries.
Over the past year, the regulators in the states of California, Florida, Illinois, New Hampshire, North Dakota and Pennsylvania, among others, had conducted an inquiry on the life insurers regarding unpaid benefits to the nominees of the dead policyholder.
In May last year, the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

DTS Set To Acquire SRS Labs

Posted: 24 Apr 2012 01:03 PM PDT

A leading provider of high definition (HD) audio technology, DTS Inc. (NASDAQ:DTSI) recently announced that it has entered into a definitive agreement to take over SRS Labs (NASDAQ:SRSL) in a 50:50 cash-and-stock deal totaling about $148.0 million. DTS expects the acquisition to be completed by the end of the third quarter of fiscal 2012.
Under the terms of the agreement, SRS shareholders have the option of choosing from either $9.50 in cash or 0.31127 DTS shares for each SRS share they hold. DTS expects … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

ITW Beats Est., Ups FY12 Outlook

Posted: 24 Apr 2012 12:53 PM PDT

Illinois Tool Works Inc. (NYSE:ITW) reported its financial results for the first quarter 2012 on April 24. Earnings per share from continuing operations were 97 cents, representing a year-over-year increase of 10.2%. Earnings were 2 cents above the Zacks Consensus Estimate of 95 cents and at the top-end of management's guidance range of 89-97 cents.
Revenue
Operating revenue in the first quarter increased 6.4% year over year to $4,547 million, but failed to surpass the Zacks Consensus Estimate … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Embraer S.A

Posted: 24 Apr 2012 12:53 PM PDT

Embraer S.A (NYSE:ERJ) will be reporting its first-quarter 2012 financial results on Thursday, April 26, 2012, after the close of the market. The current Zacks Consensus Estimate is earnings of 42 cents per share, representing a year-over-year decline of 27.20%.  
With respect to earnings surprises over the trailing four quarters, ERJ outperformed the Zacks Consensus Estimate in three quarters and underperformed in one. The average earnings surprise was a negative 22.01%, indicating that the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

What Impact Do Unpaid Property Taxes Have On My FICO Score?

Posted: 24 Apr 2012 12:47 PM PDT

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


Kellogg Cuts 2012 View

Posted: 24 Apr 2012 12:38 PM PDT

Kellogg Company (NYSE:K) recently cut its 2012 financial outlook, just a few days before the release of first quarter earnings results, citing weak US volumes and a struggling European business.
The world's largest cereal maker also pre-announced its sales and earnings growth rates for the first quarter of 2012. Total revenue was down 1.3% in the quarter. However, organically (excluding impact of acquisitions and foreign exchange), revenues were flat with the prior-year quarter. The maker of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Varian Medical

Posted: 24 Apr 2012 12:28 PM PDT

Varian Medical Systems (NYSE:VAR) is slated to report second-quarter fiscal 2012 results on Wednesday, April 25. The current Zacks Consensus Estimate for the second quarter is 96 cents, representing an estimated year-over-year growth of 11.73%.
First Quarter Recap
Varian reported first quarter earnings per share from continuing operations of 79 cents, beating the Zacks Consensus Estimate of 76 cents but missing the year-ago earnings of 80 cents per share. Net earnings for the quarter slipped 6.5% … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Celgene

Posted: 24 Apr 2012 12:13 PM PDT

Celgene Corporation (NASDAQ:CELG) is set to unveil its first quarter 2012 results on April 26, 2012 before the start of trading. The Zacks Consensus Estimate for the first quarter is $1.02 (year-over-year increase of 43.7%) on revenues of $1,316 million (year-over-year increase of 17%).
Fourth Quarter Recap
Celgene's fourth quarter 2011 earnings (excluding special items but including stock-based compensation expense) of 93 cents per share was below the Zacks Consensus Estimate by 2 cents but above … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Suntec Reit 1Q2012 Result

Posted: 24 Apr 2012 11:41 AM PDT

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


The Trend Trader For ETF Trading On Wednesday, April 25, 2012

Posted: 24 Apr 2012 05:02 AM PDT

By ForexMansion.com

The Trend Trader for ETFs
For Trading On Wednesday, April 25, 2012

The top 40 ETFs by net assets
In alphabetical order by symbol

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AGG – iShares Lehman Aggregate Bd Fd
110.43
− 0.14
110.52
110.43

Bearish

BND – Vanguard Total Bond Market ETF
83.73
− 0.12
83.76
83.72

Neutral

DBC – DB Commodity Index Tracking Fd
27.99
0.00
28.00
28.04

Bearish

DIA – SPDR DJ Industrial Average … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For Stock Trading On Wednesday, April 25, 2012

Posted: 24 Apr 2012 05:02 AM PDT

By ForexMansion.com

The Trend Trader for the Dow 30 Stocks
For Trading On Wednesday, April 25, 2012

In alphabetical order by symbol

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AA – Alcoa Inc
9.66
+ 0.31
9.68
9.81

Bearish

AXP – American Express Company
57.63
+ 0.54
57.35
57.74

Neutral

BA – Boeing Co
73.21
+ 0.48
73.17
73.40

Neutral

BAC – Bank of America Corporation
8.21
+ 0.37
8.28
8.62

Bearish

CAT – Caterpillar Inc
108.40
+ … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For Futures Trading On Wednesday, April 25, 2012

Posted: 24 Apr 2012 05:02 AM PDT

By ForexMansion.com

The Trend Trader for Futures
For Trading On Wednesday, April 25, 2012

INDICES

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

S&P 500 – Jun ESM2
1370.00
+ 0.53
1369.28
1374.83

Neutral

Dow Jones – Jun YMM2
12959
+ 0.68
12928
12935

Bullish

Nasdaq – Jun NQM2
2632.50
− 0.67
2658.39
2687.83

Bearish

Russell – Jun TFM2
796.80
+ 1.01
795.84
801.20

Neutral

INTEREST RATES

US T-Bond – Jun ZBM2
142-09
− … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For Forex Trading On Wednesday, April 25, 2012

Posted: 24 Apr 2012 05:02 AM PDT

By ForexMansion.com

The Trend Trader for Forex
For Trading On Wednesday, April 25, 2012

THE BIG SIX

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AUDUSD – Aust Dollar / US Dollar
1.0314
− 0.07
1.0326
1.0367

Bearish

EURUSD – Euro / US Dollar
1.3195
+ 0.29
1.3178
1.3145

Bullish

GBPUSD – British Pound / US Dollar
1.6142
+ 0.07
1.6119
1.6031

Bullish

USDCAD – US Dollar / Canadian Dollar
0.9870
− 0.38
0.9914
0.9938

Bearish

USDCHF – US Dollar / … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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