Tuesday, May 15, 2012

DailyMarkets.com - Railroads Perform Despite Coal Woes

DailyMarkets.com - Railroads Perform Despite Coal Woes

Railroads Perform Despite Coal Woes

Posted: 15 May 2012 09:38 AM PDT

Despite the ongoing uncertainties surrounding the demand for U.S. coal, railroads delivered stellar performances, backed by pricing and volume gains. According to market reports, North American Class 1 railroads registered substantial growth of approximately 29% in their first quarter earnings.
Railroads transport nearly two-third of coal shipments. According to U.S. Energy Information Administration (EIA) reports, utility coal represents approximately 93% of the domestic coal demand and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Schwab To Abide By FINRA’s Rules

Posted: 15 May 2012 09:38 AM PDT

According to Reuters, the judge of the U.S. District Court for the Northern District of California has dismissed the lawsuit filed by The Charles Schwab Corporation (NASDAQ:SCHW) against the Financial Industry Regulatory Authority (FINRA) in February 2012. The lawsuit followed the enforcement case filed by FINRA against Schwab.
In October 2011, Schwab included a new provision in the agreements of more than 6.8 million customer accounts, prohibiting them from initiating or joining class-action … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Yahoo CEO Thompson Resigns

Posted: 15 May 2012 09:23 AM PDT

Yahoo! Inc. (NASDAQ:YHOO) announced that its chief executive officer Scott Thompson has resigned after it was revealed that his academic credentials were inflated.
Thompson came from eBay Inc. (NASDAQ:EBAY) in January to replace Carol Bartz, who was dismissed by the Yahoo board in September 2011. Yahoo hired Thompson hoping that he would turn around the struggling Web portal.
On May 3, Daniel Loeb, a principal shareholder (5.8% stake in Yahoo through the Third Point LLC fund), discovered that Thompson’s … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

TJX Beats Estimates On Strong Comps

Posted: 15 May 2012 09:23 AM PDT

TJX Companies Inc. (NYSE:TJX) reported adjusted earnings of 55 cents per share in the first quarter of 2013. Although earnings just slivered past the Zacks Consensus Estimate of 54 cents, they shot up 41% from the year-ago earnings of 39 cents.
Growth was fueled by higher comparable store sales for consecutive months and consumer traffic on the back of fresh stocks in the stores.
Foreign currency movement had a one percentage point negative impact on consolidated net sales growth in the first … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Schwab Reports Y/Y Rise In DARTs

Posted: 15 May 2012 09:23 AM PDT

On Monday, Charles Schwab Corp. (NASDAQ:SCHW) released its Monthly Activity Report for April 2012. The company recorded an increase of 5% in Daily Average Revenue Trades (DARTs) from April 2011 to 458,900. However, the company's DARTs slipped 1% from the prior month.
The year-over-year rise in Schwab's DARTs was mainly attributable to its recent acquisition of optionsXpress. However, the fall in DARTs from the previous month was largely a result of uncertain economic recovery and investors' … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Orient-Express Extends MICROS Ties

Posted: 15 May 2012 09:03 AM PDT

Earlier this week, MICROS Systems, Inc. (NASDAQ:MCRS) received a multi-year contract extension from Orient-Express Hotels Ltd. (NYSE:OEH). This was done with the intent of adding MICROS OPERA Sales and Catering solution (S&C) to MICROS OPERA Enterprise Solution services, which are already in use at Orient-Express.
MICROS' OPERA S&C solutions shall enhance customer service management at the resort properties with flexible, personalized and user-friendly options which shall ameliorate customer … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

NCI Building Systems Stays Neutral

Posted: 15 May 2012 08:48 AM PDT

We reiterate our Neutral recommendation on NCI Building Systems Inc. (NYSE:NCS). Our recommendation on NCI Building Systems is in line with a short-term Zacks #3 Rank (Hold).
The company reported an adjusted loss of 32 cents per share for first-quarter of 2012, narrower than the Zacks Consensus Estimate of a loss of 69 cents. Sales increased 28.2% to $243.6 million, surpassing the Zacks Consensus Estimate of $210 million.
The company suffered since last year as it faced difficult business … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Deere

Posted: 15 May 2012 08:28 AM PDT

Deere & Company (NYSE:DE) is scheduled to announce its second quarter fiscal 2012 results on May 16, 2012. The current Zacks Consensus Estimate is $2.54 for the quarter, projecting year-over-year growth of 12.06%. The estimates in the current Zacks Consensus range between a low of $2.40 and a high of $2.73 a share. The Zacks Consensus Estimate for revenue is $9.67 billion for the quarter under discussion.
Over the trailing four quarters, Deere outperformed the Zacks Consensus Estimate, booking … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Kohl’s Stays At Neutral

Posted: 15 May 2012 08:28 AM PDT

We have maintained a Neutral rating on Kohl's Corporation (NYSE:KSS) with a target price of $51.00 following appraisal of first quarter 2012 results.
Kohl's posted first quarter 2012 earnings of 63 cents per share, which exceeded the Zacks Consensus Estimate by 3 cents per share. The earnings, however, missed the prior-year quarter's earnings of $0.69 per share, as management implemented lower pricing to provide value to customers. Lower pricing and rising costs of input due to commodity … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

US Dollar Takes Back Overnight Losses As Greece Heads To New Elections

Posted: 15 May 2012 08:28 AM PDT

Fundamental Headlines
- EU Ministers Reach Deal to Boost Bank Capital Rules – Bloomberg
- Retail Sales in US Cooled in April – Bloomberg
- EURUSD Falls to 1.2770 after Greek Government Fails to Form – DailyFX
- European Stocks Sink – WSJ
- Hazardous Greek-Exit Scenario – WSJ
European Session Summary
Uncertainty remains public enemy number one today. A bit of better than expected Euro-zone growth data helped ease fears of the region's sharp contraction earlier in the day, with high … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Markets In Everything, 1920s Era: Cow Shoes

Posted: 15 May 2012 08:22 AM PDT

From a newspaper article in 1922 titled “[Moon]Shiners Wear ‘Cow Shoes’”:

“A new method of evading prohibition agents was revealed here today by A.L. Allen, state prohibition enforcement director, who displayed what he called a “cow shoe” as the latest thing front the haunts of moonshiners.

The cow shoe is a strip of metal to which is tacked a wooden block carved to resemble the hoof of a cow, which may be strapped to the human foot. A man shod with a pair of them would leave a trail … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Wall Street Edges Higher, Greek Drama Continues

Posted: 15 May 2012 08:10 AM PDT

05/15/12 US equities turned higher following mixed economic data and earnings releases. Focus remained on Euro zone developments including GDP figures and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

CME To Trade New Crop Options

Posted: 15 May 2012 08:08 AM PDT

Under the supervision of the Chicago Board of Trade ("CBOT”), Chicago Mercantile Exchange Group (NASDAQ:CME) has decided to start trading Short-Dated New Crop Options on CBOT Corn and Soybeans futures from June 4, 2012. However, the new options will be listed for trading on CBOT wheat futures starting September 4, 2012.
For Short-Dated New Crop Options on CBOT Corn and Soybeans futures contracts will be listed in May, July, and September. Short-Dated New Crop Options on CBOT Wheat futures will be … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Gas Prices Around The World: Relative To Income, U.S. Has Some Of The Cheapest Gas In The World

Posted: 15 May 2012 07:48 AM PDT

 Price  
  Rank   
  Country   
 $/Gallon
    Premium 
 Pain at the
 Pump Ranking 

1
Norway
$9.69
48

2
Denmark
$9.37
42

3
Italy
$9.35
29

4
Netherlands
$9.35
37

5
Greece
$9.23
23

6
Sweden
$8.97
44

7
Hong … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Despite Europe Fears, Stocks Open Higher

Posted: 15 May 2012 01:00 AM PDT

05/15/12 Global stocks edged higher Tuesday morning on mixed data out of Europe and continued concerns over the future of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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