Tuesday, May 1, 2012

DailyMarkets.com - Net Private Sector Job Gains Back To 2006 Levels

DailyMarkets.com - Net Private Sector Job Gains Back To 2006 Levels

Net Private Sector Job Gains Back To 2006 Levels

Posted: 01 May 2012 07:41 AM PDT

The BLS released its report today on Business Employment Dynamics with data through the third quarter of 2011 with the following highlights:

1. From June to September 2011 gross job gains from opening and expanding private sector establishments were 7.1 million, an increase of 166,000 jobs from the previous quarter. That was the largest quarterly increase in more than three years, since the second quarter of 2008.

2. Over this period, gross job losses from closing and contracting private … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Swiss Franc Outperforms As Australian Dollar Struggles Post-RBA

Posted: 01 May 2012 06:53 AM PDT

Fundamental Headlines
- Bonds Prove Only Winners for First Time since 2008 – Bloomberg
- Fed Said to Criticize Banks on Risk Models in Stress Test – Bloomberg
- Syria Violence Kills 23 despite U.N.-Monitored Truce – Reuters
- BofA to Cut from Elite Ranks – WSJ
- U.S. Considers Notes that Float – WSJ
European Session Summary
The past 24-hours have been rather quiet, almost too quiet in light of recent volatility surrounding major data prints out of Europe and the United States. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Smackdown: Ron Paul Vs. Paul Krugman

Posted: 01 May 2012 06:45 AM PDT

VeriFone Rides On Strong Demand

Posted: 01 May 2012 06:09 AM PDT

We recently reiterated our Outperform recommendation on VeriFone Holdings Inc. (NYSE:PAY).
Earnings estimates for fiscal 2011 moved higher after the company reported strong results for the first quarter and upgraded its guidance for fiscal 2011.
For fiscal 2011, VeriFone projects revenues between $1.150 billion and $1.160 billion, up from the previous estimate of $1.130 billion and $1.150 billion. Earnings per share (excluding stock based compensation and one-time charges) are projected around … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Silgan Raising Debt To Buy Graham

Posted: 01 May 2012 06:09 AM PDT

Silgan Holdings Inc. (NASDAQ:SLGN) has outlined terms to raise debt up to $4.5 billion to fund the acquisition of Graham Packaging Company Inc. (NYSE:GRM).  
As disclosed in its regulatory filing, Silgan has entered into an agreement with Bank of America Corporation (NYSE:BAC), under which an aggregate of $4 billion will be made available to Silgan through the following – a $ 900 million Term A loan maturing in 6 years, a $2.3 billion Term B loan with a maturity period of 7 years and a $800 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Boston Scientific

Posted: 01 May 2012 06:09 AM PDT

Boston Scientific (NYSE:BSX) is scheduled to release its first quarter fiscal 2011 earnings on April 20, 2011 after the market close. The company is expected to report EPS of 4 cents on revenue of $1.898 billion for the quarter, according to the Zacks Consensus Estimate.
Previous Quarter Highlights
Boston Scientific reported an EPS of 15 cents during the fourth quarter of fiscal 2010 compared to a loss of 71 cents per share in the year-ago period. However, after considering some adjustments … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Edwards Lifesciences

Posted: 01 May 2012 06:09 AM PDT

Edwards Lifesciences Corporation (NYSE:EW) is scheduled to release its first quarter fiscal 2011 results on Wednesday, April 20, 2011 after the market closes.
The company is expected to earn 42 cents during the quarter on $385 million in revenues, according to the Zacks Consensus Estimate. As per Edwards' guidance (provided along with the fourth quarter results), adjusted EPS is expected in the range of 40-42 cents.
Previous Quarter Highlights
Edwards reported an adjusted EPS of 55 in the fourth … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

More Patients For Amedisys

Posted: 01 May 2012 06:09 AM PDT

Leading US player in the home health and hospice segment, Amedisys (NASDAQ:AMED) has inked a deal to acquire Beacon Hospice, a Boston-based company for $125 million. The deal is subject to customary closing conditions, including regulatory approvals.
Apart from expanding Amedysis' presence in the New England region, the proposed acquisition of Beacon is expected to add 5−7 cents (excluding one-time expenses) to its fiscal 2011 earnings.
As a paramount hospice company of New England, Beacon … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stock Market News Briefs: Goldman Sachs Group, International Business Machines, Johnson & Johnson, J P Morgan Chase & Co, Man Financial Global, Millicom International Cellular S.A., Molina Healthcare Inc

Posted: 01 May 2012 06:09 AM PDT

 Johnson & Johnson (NYSE:JNJ) reported Q1 EPS of $1.35, ex-items, ahead of the Zacks Consensus Estimate of $1.25 per share. Revenues for the quarter rose 3.5% year-over-year to $16.2 billion, beating the Zacks Consensus Estimate of $15.768 billion

 Analysts at JPMorgan Chase & Co. (NYSE:JPM) initiated coverage on shares of MF Global Holdings Ltd (NYSE:MF) with an “Overweight" rating and a price target of $10.00  on the stock

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

Bear Of The Day: Avery Dennison Corp. (AVY)

Posted: 01 May 2012 06:09 AM PDT

We are reiterating our Underperform recommendation on Avery Dennison Corp. (NYSE:AVY) with a target price of $29. The company reported first-quarter 2012 adjusted earnings of $0.45 per share in the first quarter of fiscal 2012. Total revenues dipped 3% to $1.48 billion.
The company is struggling with high raw material costs and low volume. It expects to complete the sale of its Office Product business and instead focus on the more profitable pressure sensitive materials business, Retail Branding … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bull Of The Day: Eaton Corporation (ETN)

Posted: 01 May 2012 06:09 AM PDT

Eaton Corporation (NYSE:ETN) had a good first quarter, with all its operating segments improving upon the year-ago performance, except for Electrical rest of world. Eaton expects its operating segments to continue to do well in 2012 with its global sales forecast to increase by 5% from the previous-year level.
Eaton has revised its earnings guidance for 2012 twice this year taking into account its leading positions in the core electrical, hydraulic and aerospace market segments. However, its … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Growth & Income Stock: Wyndham Worldwide Corporation

Posted: 01 May 2012 06:09 AM PDT

Wyndham Worldwide Corporation (NYSE:WYN) continues to deliver impressive results. The company recently reported another strong positive earnings surprise on better-than-expected revenue.
And management raised its earnings guidance for the remainder of the year, prompting analysts to revise their estimates higher. This sent the stock to a Zacks #2 Rank (Buy).
In addition, Wyndham has been buying back its stock and recently hiked its dividend by 53%. It yields a solid 1.8%.
More than a Hotel … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Aggressive Growth Stock: Caterpillar Inc.

Posted: 01 May 2012 06:09 AM PDT

Caterpillar Inc. (CAT) sees higher estimates following several beats making the stock a Zacks #1 Rank (Strong Buy).
Company Description
Caterpillar Inc. manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives worldwide. It offers backhoe, skid steer, multi-terrain, track-type, and wheel loaders; track, wheel, and mini excavators; select work tools; track-type tractors; motor graders; pipe layers; and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bear Of The Day: CONSOL Energy, Inc. (CNX)

Posted: 01 May 2012 06:09 AM PDT

CONSOL Energy, Inc.’s (NYSE:CNX) first quarter earnings per share were below our expectation as low gas prices and the increase in the cost per ton of coal production impacted the performance of the company. The weak demand and declining prices per ton has prompted the company to idle two coal mines.
CONSOL has decided to make more capital investment in the oil prone areas and shy away from gas investment due to depressed gas prices. However, dependence on a small group of consumers for bulk … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Growth & Income Stock: Diebold, Incorporated

Posted: 01 May 2012 06:08 AM PDT

Diebold, Incorporated (NYSE:DBD) recently delivered record quarterly earnings for the first quarter of 2012 on strong revenue growth.
Management raised its guidance off the strong quarter, prompting analysts to revise their estimates higher. It is a Zacks #1 Rank (Strong Buy) stock.
The company also continues to steadily increase its dividend. It currently yields a solid 2.9%.
Company Description
Diebold provides integrated self-service delivery and security systems and services. It manufactures … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bull Of The Day: Hibbett Sporting Goods (HIBB)

Posted: 01 May 2012 06:08 AM PDT

Backed by double-digit sales growth along with operational efficiencies, Hibbett Sporting Goods’ (NASDAQ:HIBB) earnings of $0.59 per share for fourth-quarter 2012 surged 34.1% from the prior-year quarter, beating the Zacks Consensus Estimate of $0.56. Bolstered by strong quarterly results, management expects fiscal 2013 earnings to be in the range of $2.35 to $2.55, up 9.3%-18.6% from the fiscal 2012 level.
Management also remains committed of expanding its store network by 55 to 60 new stores in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Aggressive Growth Stock: Las Vegas Sands

Posted: 01 May 2012 06:08 AM PDT

Las Vegas Sands (LVS) has analysts placing some bets on continued earnings growth following a recent strong quarter. Las Vegas Sands is a Zacks #1 Rank (Strong Buy).
Company Description
Las Vegas Sands Corp. is a hotel, gaming, and retail mall company headquartered in Las Vegas, Nevada. The company owns The Venetian Resort Hotel Casino, the Sands Expo and Convention Center, Venetian Interactive, an internet based venture, and Venetian Macao Limited, a developer of multiple casino hotel resort … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Global Stocks Higher On Chinese Manufacturing

Posted: 01 May 2012 06:00 AM PDT

05/01/12 Global stocks were trading higher Tuesday following the release of strong Chinese manufacturing … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Who’s Minding The Store At The SEC?

Posted: 01 May 2012 04:33 AM PDT

The folks at the SEC could not possibly still be tuning in to porn, could they?
Do you think that any SEC lawyers are once again blowing the cover of whistleblowers?
Would we know if the SEC is complying with the Freedom of Information Act?
While many in Washington and America might think these issues begin and end at the desk of the SEC chair, Mary Schapiro, the simple fact is the real oversight of this organization falls under the purview of the SEC's Inspector General. Really? Oh yeah!! … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Gold, Crude Oil To Judge ISM And Fed Comments In Terms Of QE3 Bets

Posted: 01 May 2012 02:00 AM PDT

Talking Points

Crude Oil, Copper to Follow Stocks as ISM Data, Fed-speak Shape Risk Trends
Gold and Silver Reflect Inflation-Hedge Demand as QE3 Expectations Evolve

Commodities look to the US economic calendar for direction, with the spotlight on the US ISM Manufacturing gauge. Forecasts call for a mild slowdown in April that keeps the modest uptrend carved out from July of last year intact (a print below 52.6 would be needed to snap the trend, and a 53.0 result is expected).
With the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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