Fri, 27 Jan 2012 17:35:04 EST
Reuters - In an attempt to deflect attention over his involvement with Freddie Mac, Republican presidential candidate Newt Gingrich's former consulting firm on Monday released a contract he had with the troubled mortgage firm.
read more >>>Fri, 27 Jan 2012 17:17:50 EST
Global reinsurer, RenaissanceRe Holdings Ltd. (NYSE:RNR) anticipates about $45 million in pre-tax catastrophe (CAT) losses from the Thailand floods, which occurred in October and November of last year. This will be recorded in the fourth quarter results of 2011. However, RenaissanceRe along with its subsidiaries – DaVinciRe and Top Layer Re – does not project [...]
read more >>>Fri, 27 Jan 2012 17:15:18 EST
Five more reasons why America is on the road to Banana Republicville (or are we already there?): 1. Those in charge don’t feel constrained by the rules that apply to everyone else “36 Obama Aides Owe $833,000 in Back Taxes” (Investors Business Daily) How embarrassing this must be for President Obama, whose major speech theme [...]
read more >>>Fri, 27 Jan 2012 17:12:43 EST
A subdued start to 2012. FX markets were relatively well behaved on the first trading day of the new year. With many Asian regional indices closed, price action and news flows were limited. The ultra thin flow did wreak havoc on JPY with pre holiday liquidations pushing USDJPY below 77.00 and this in turn sending EURJPY under 100. Gold was able to consolidate around the $1560 level but the...
read more >>>Fri, 27 Jan 2012 17:10:12 EST
Alere (ALR), a medical products company focused on integrating rapid diagnostics with health management, recently revealed that it has received a confirmation that the U.S. Food and Drug Administration (“FDA”) had cleared the Alere Influenza A&B Test for the domestic market. The test has been classified by the Clinical Laboratory Improvement Amendments (CLIA), the [...]
read more >>>Fri, 27 Jan 2012 17:05:11 EST
Teradyne Inc’s (NYSE:TER) fourth quarter results were in line with the Zacks Consensus Estimate of 11 cents. Revenue Revenue of $297.0 million was down 13.8% sequentially and 4.2% from September 2011 and within management’s guidance of $270-$300 million. Revenue was in line with street expectations. Around 75% of revenue in the last quarter came from [...]
read more >>>Fri, 27 Jan 2012 16:50:10 EST
Lamar Advertising Company (NASDAQ:LAMR) recently announced a tender offer to repurchase $600 million principal amount of its 6 5/8% Senior Subordinated Notes. Each $1000 note has been priced at $1,005.83. The company’s subsidiary, Lamar Media Corp. will repurchase the Notes, comprising 6 5/8% Senior Subordinated Notes due 2015, 6 5/8% Senior Subordinated Notes maturing in 2015—Series B and [...]
read more >>>Fri, 27 Jan 2012 16:40:15 EST
Recently, DaVita Inc. (NYSE:DVA) announced the purchase of a majority stake in NephroLife, an India-based kidney care company, in which the former already held a minority stake. However, the financial terms of the deal were not divulged. NephroLife currently operates nine centers in Bangalore, India, offering dialysis service and vascular surgery, among other kidney care [...]
read more >>>Fri, 27 Jan 2012 16:35:15 EST
Radical ideas are flourishing at J. C. Penney Company Inc. (NYSE:JCP), a leading retailer of apparel and footwear, accessories, fashion jewelry, beauty products and home furnishings, as the company recently announced a string of strategic measures to enhance shareholder’s value in the coming four years. New pricing strategy, fresh logo, strategic merchandise initiatives, reduction in [...]
read more >>>Fri, 27 Jan 2012 16:28:00 EST
The Yen crosses, notably the AUDJPY, show characteristics that are consistent with significant tops.
Fri, 27 Jan 2012 16:20:31 EST
We have upgraded our long-term recommendation on Morgan Stanley (NYSE:MS) to Neutral from Underperform. The raise is mainly based on the company’s better-than-expected fourth quarter 2011 results and its relatively stable capital position. Moreover, we expect Morgan Stanley’s restructuring initiatives as well as organic and inorganic growth strategies will continue to be significant growth drivers. [...]
read more >>>Fri, 27 Jan 2012 16:20:29 EST
Yesterday, Molina Healthcare Inc. (NYSE:MOH) provided its financial guidance for 2012, estimating operating earnings of $1.80 per share. This is marginally ahead of the Zacks Consensus Estimate of $1.75 per share. For 2012, Molina’s earnings before interest, taxes, depreciation and amortization (EBITDA) are expected to be about $220 million, while income before tax is predicted [...]
read more >>>Fri, 27 Jan 2012 16:20:27 EST
Yesterday, Molina Healthcare Inc. (NYSE:MOH) provided its financial guidance for 2012, estimating operating earnings of $1.80 per share. This is marginally ahead of the Zacks Consensus Estimate of $1.75 per share. For 2012, Molina’s earnings before interest, taxes, depreciation and amortization (EBITDA) are expected to be about $220 million, while income before tax is predicted [...]
read more >>>Fri, 27 Jan 2012 16:20:26 EST
Merck KGaA(MKGAF) was recently buoyed by the news of European Commission (EC) approving its lead drug Rebif for the treatment of patients who have experienced a single demyelinating event, and are at high risk of getting multiple sclerosis (MS). Approval is for the drug’s 44 micrograms formulation which can be used thrice a week. The [...]
read more >>>Fri, 27 Jan 2012 16:10:30 EST
Merck KGaA(MKGAF) was recently buoyed by the news of European Commission (EC) approving its lead drug Rebif for the treatment of patients who have experienced a single demyelinating event, and are at high risk of getting multiple sclerosis (MS). Approval is for the drug’s 44 micrograms formulation which can be used thrice a week. The [...]
read more >>>Fri, 27 Jan 2012 16:06:17 EST
UCB (UCBJF) was in the news again recently after the US Food and Drug Administration (FDA) approved its lead product, Keppra (levetiracetam), for use as adjunctive therapy for the treatment of partial onset seizures in adults and children aged one month and older suffering from epilepsy. The approval is for the tablet and oral formulation of [...]
read more >>>Fri, 27 Jan 2012 16:00:10 EST
Gannett Company, Inc. (NYSE:GCI), the publisher of one of the largest-selling daily newspapers in the nation, USA Today, and an S&P 500 company, is scheduled to report its fourth-quarter 2011 financial results before the opening bell on Monday, January 30, 2012. The current Zacks Consensus Estimate for the quarter is 69 cents a share. The [...]
read more >>>Fri, 27 Jan 2012 15:57:00 EST
FBIZ: Fourth Quarter Preview – Outperform Ann Heffron, CFA First Business Financial Services, Inc. (FBIZ) is expected to report fourth quarter and full-year results in mid-March, as it typically does. We are maintaining our revised diluted EPS estimates of $2.90 for 2011 and $3.40 for 2012. In addition, we are continuing our Outperform recommendation on [...]
read more >>>Fri, 27 Jan 2012 15:50:22 EST
The past week in monetary policy saw 2 central banks cutting interest rates (Israel -25bps to 2.50%, and Thailand -25bps to 3.00%), and 1 bank cutting its reserve ratio (India cut CRR 50bps to 5.50%). Meanwhile 7 central banks held rates unchanged (Japan 0.10%, India 8.50%, Hungary 7.00%, Turkey 5.75%, New Zealand 2.50%, USA 0-0.25%, [...]
read more >>>Fri, 27 Jan 2012 15:50:20 EST
We retain our Outperform recommendation on resuscitation devices maker ZOLL Medical (NASDAQ:ZOLL) following its forecast-topping first-quarter fiscal 2012 results. Revenues and earnings for the quarter beat the Zacks Consensus Estimates driven by strong sales from the company’s LifeVest and temperature management businesses. ZOLL Medical registered healthy sales across the North American hospital and pre-hospital markets. [...]
read more >>>Fri, 27 Jan 2012 15:40:17 EST
Monster Worldwide (MWW) reported revenues of $250 million, down 3.5% sequentially and down 1.9% sequentially. Currency translation had a $1.1 million negative impact on revenue in the fourth quarter. Effective July 1, 2011, Monster decided against engaging further in the arbitrage lead generation business, a portion of the Internet Advertising & Fees (IAF) business. This was due [...]
read more >>>Fri, 27 Jan 2012 15:40:15 EST
Dominion Resources Inc. (NYSE:D) reported fourth quarter 2011 operating earnings of 58 cents per share, 5 cents less than the Zacks Consensus Estimate. Results also dipped 7.9% below the year-ago earnings of 63 cents per share. Operating earnings for the quarter dropped 8.7% year over year to $334 million. The year-over-year decline was largely due [...]
read more >>>Fri, 27 Jan 2012 15:22:23 EST
AP - Federal and state law enforcement officials announced Friday they have launched a fraud-fighting unit, starting with 55 prosecutors and investigators, to root out wrongdoing in the market for residential mortgage-backed securities.
Fri, 27 Jan 2012 15:20:12 EST
We are maintaining our Neutral stance on MannKind Corporation (NASDAQ:MNKD) with a target price of $3.50. Valencia, California-based MannKind is a biopharmaceutical company focused on the discovery, development and commercialization of therapeutic products for diabetes, cancer and inflammatory and autoimmune diseases. The company’s lead pipeline candidate Afrezza is an inhaled insulin for the treatment of [...]
read more >>>Fri, 27 Jan 2012 15:05:21 EST
Crude oil pipelines and terminals operator Sunoco Logistics Partners L.P. (NYSE:SXL) announced impressive fourth-quarter and fiscal 2011 results, driven by well performing crude pipelines and terminals facilities. The partnership’s diluted earnings per unit (EPU) – excluding one-time items – came in at 99 cents, breezing past the Zacks Consensus Estimate of 63 cents and the [...]
read more >>>Fri, 27 Jan 2012 14:57:00 EST
Before the bell, American Electric Power Company Inc. (NYSE:AEP) reported its fourth quarter and fiscal 2011 results. In the reported quarter, the company clocked ongoing earnings of 40 cents per share, in line with the Zacks Consensus Estimate. The company’s results, however, came above the year-ago quarterly earnings of 38 cents per share. Earnings in [...]
read more >>>Fri, 27 Jan 2012 14:55:17 EST
Impressive video of a state-of-the-art VW car factory in Germany, and this February 2009 video is now almost three years … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
read more >>>Fri, 27 Jan 2012 14:41:16 EST
I believe that banking institutions are more dangerous to our liberties than...
read more >>>Fri, 27 Jan 2012 14:35:18 EST
RLI Corp. (NYSE:RLI) reported fourth-quarter 2011 operating earnings of $1.35 per share, beating the Zacks Consensus Estimate by 21 cents. Operating earnings were 18.7% below $1.66 earned in the year-ago period. Operating earnings for the quarter were $28.9 million, down 17.7% year over year. The decline over the prior-year quarter resulted primarily from a lower [...]
read more >>>Fri, 27 Jan 2012 14:20:25 EST
ITT Educational Services Inc. (NYSE:ESI), one of the leading providers of technology-based post-secondary degree programs in the U.S., reported fourth-quarter and full year 2011 results that outperformed the Zacks expectation. ITT Educational’s fourth quarter earnings of $2.87 per share smoothly surpassed the Zacks Consensus Estimate of $2.31. However, earnings for the quarter dipped 8.6% compared [...]
read more >>>Fri, 27 Jan 2012 14:19:57 EST
Reuters - Even as President Barack Obama is calling for more assistance for struggling mortgage borrowers, major banks are looking forward to spending less to handle problem home loans.
read more >>>Fri, 27 Jan 2012 14:18:50 EST
Property and casualty insurer Chubb Corp. (NYSE:CB) reported fourth quarter operating earnings of $1.63 per share, ahead of the Zacks Consensus Estimate of $1.60 per share. The better-than-expected earnings stemmed from higher premium written, favorable reserve release, a lower share count partly offset by lower investment income and a high cat loss. Earnings were, however, [...]
read more >>>Fri, 27 Jan 2012 14:18:20 EST
Cusick’s Corner The market is whippy — data, GDP prelim came in worse than expected and as I type this, the expected Fitch downgrades of EU debt are crossing the headlines. While this is a little disconcerting, the bid continues to come. The S&Ps have not broken 1300, so the short trend is in place. [...]
read more >>>Fri, 27 Jan 2012 14:10:13 EST
The EURUSD is approaching some upside targets for the pair. The first is the underside of the trendline on the hourly chart above. That level comes in at the 1.3222 level currently. The next would be the 38.2% of the move down from the October 27th high. That level comes in at the 1.32429 level. [...]
read more >>>Fri, 27 Jan 2012 14:10:11 EST
T. Rowe Price Group Inc.’s (NASDAQ:TROW) fourth-quarter 2011 net income of 73 cents per share were above the Zacks Consensus Estimate by 4 cents. Moreover, earnings compared favorably to 72 cents reported in the prior-year quarter. Higher-than-expected top-line growth, partially offset by higher operating expenses, cumulated in improved performance. Moreover, increased assets under management (AUM) [...]
read more >>>Fri, 27 Jan 2012 14:05:10 EST
KLA-Tencor Corporation’s (NASDAQ:KLAC) second quarter earnings exceeded the Zacks Consensus Estimate by 6 cents, driving the shares up 3.74% in after-market trading. Revenue KLA reported revenue of $642.5 million, which was down 19.3% sequentially, 16.2% year over year, within the guided range of $600-650 million and slightly ahead of the consensus estimate of $631.3 million. [...]
read more >>>Fri, 27 Jan 2012 14:05:08 EST
NextEra Energy Inc. (NEE) announced fourth-quarter 2011 operating earnings of 93 cents per share compared with 80 cents per share in the year-ago quarter. The results of the company beat the Zacks Consensus Estimate by a penny. NextEra Energy recorded GAAP earnings for the fourth quarter of 2010 of $1.59 per share compared with 63 [...]
read more >>>Fri, 27 Jan 2012 13:55:00 EST
Fitch took ratings actions today on six Euro-zone sovereigns. While Ireland had its ratings affirmed, Fitch downgraded Spain, Belgium, Italy, Slovenia and Cyprus.
Fri, 27 Jan 2012 13:51:00 EST
Swiss pharmaceutical giant Novartis (NYSE:NVS) reported earnings per share of $1.23 for the fourth quarter of 2011, marginally beating the Zacks Consensus Estimate of $1.22. Earnings were also above the prior-year figure of $1.14 per share. An unimpressive top-line was countered by higher adjusted operating income resulting in the nominal beat. Reported earnings were only [...]
read more >>>Fri, 27 Jan 2012 13:50:14 EST
The Hong Kong Monetary Authority kept its base rate steady at 0.50% following the decision of the US Federal Reserve to leave the fed funds rate unchanged at 0-0.25% until late 2014. The HKMA said (according to WSJ) the Fed forecasts ”reflect the still-soft outlook of the U.S economy, which is weighed by a weak job market, a depressed housing [...]
read more >>>Fri, 27 Jan 2012 13:50:12 EST
Legg Mason Inc.’s (NYSE:LM) fiscal third-quarter 2012 earnings of 55 cents per share significantly outpaced the Zacks Consensus Estimate of 27 cents. However, earnings were below the prior quarter and prior-year quarter’s earnings of 61 cents and 73 cents per share. Results declined on a year over year basis, due to lower revenue and reduced [...]
read more >>>Fri, 27 Jan 2012 13:45:00 EST
DFC Global Corp. (NASDAQ:DLLR) reported operating earnings of 51 cents per share for the fiscal second quarter 2012, ending December 31, a penny ahead of the Zacks Consensus Estimate but much higher than 37 cents earned in the year-ago quarter. The operating results exclude non-cash interest on convertible debt, unrealized foreign exchange gain, non-cash impact [...]
read more >>>Fri, 27 Jan 2012 13:40:10 EST
01/27/12 Nintendo users will soon have an online experience. The newly unveiled Nintendo Network will offer competition and communication between users, access to digital content, add-ons, and full downloadable … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
read more >>>Fri, 27 Jan 2012 13:36:52 EST
FXstreet.com (Córdoba) - EUR/USD rose to a fresh 6-week high above 1.3200 as investors shrugged off...
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Fri, 27 Jan 2012 13:20:34 EST
Cepheid (NASDAQ:CPHD) reported an adjusted EPS of 6 cents during the fourth quarter of fiscal 2011, a couple of cents ahead of the Zacks Consensus Estimate and higher than the adjusted EPS of 3 cents in the year-ago period. The adjusted EPS for the reported quarter takes into account, among other items, a charge of [...]
read more >>>Fri, 27 Jan 2012 13:20:32 EST
Altria Group Inc. (NYSE:MO) delivered better-than-expected adjusted earnings of 50 cents per share in the fourth quarter of 2011, beating the Zacks Consensus Estimate by a penny. On the other hand, the fiscal year 2011 exceeded the Zacks Consensus Estimate by 2 cents and generated earnings of $2.05 per share. Both the fourth quarter and [...]
read more >>>Fri, 27 Jan 2012 13:18:30 EST
Eastman Chemical Company (NYSE:EMN) reported fourth-quarter earnings of 71 cents per share, compared with 70 cents per share, a year earlier and missed the Zacks Consensus estimate of 80 cents per share. The 2010 EPS excluded $26 million of asset impairments and restructuring charges and $115 million of early debt extinguishment costs. Revenues climbed 18% [...]
read more >>>Fri, 27 Jan 2012 13:18:27 EST
The Friday afternoon squeeze is on as hopes for Greek solution and weaker GDP lead to the dollars decline. In Greece the comment from a spokesperson is there is one step left for an agreement. At the same time the word is a 2nd bailout may be coming from the EU but further funding from the [...]
read more >>>Fri, 27 Jan 2012 13:10:13 EST
The USDCHF has moved to new lows and also below the 100 day MA at the 0.91475 level. This is the first time the price has dipped below this level since the intervention on September … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
read more >>>Fri, 27 Jan 2012 13:10:00 EST
Newell Rubbermaid Inc. (NYSE:NWL), the producer of Sharpie pens and Rubbermaid containers, logged a 21.2% increase in adjusted earnings per share in the fourth quarter of 2011 to 40 cents from 42 cents in the year-ago quarter. Quarterly earnings also outpaced the Zacks Consensus Estimate of 38 cents a share. Earnings growth, driven by positive [...]
read more >>>Fri, 27 Jan 2012 13:03:28 EST
01/27/12 DME Securities’ Alan Valdes talks earnings, economic data and equity market volume. Next week’s nonfarm payrolls report and EU agenda are also … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
read more >>>Fri, 27 Jan 2012 13:00:23 EST
In the process of navigating our economic landscape, we are perpetually encountering risks. These risks not only present themselves from the standpoint of the market and the economy but also on a much larger scale from a social, political, and personal perspective as well. How do we learn to manage risks going forward? We are [...]
read more >>>Fri, 27 Jan 2012 12:55:19 EST
DR Horton Inc. (NYSE:DHI) reported net income of $27.7 million or 9 cents per share in the first quarter of fiscal 2012 versus a net loss of $20.4 million or 6 cents per share in the year-ago quarter. Earnings per share outperformed the Zacks Consensus Estimate of 5 cents. Total revenues increased 15% year over [...]
read more >>>Fri, 27 Jan 2012 12:51:00 EST
The dollar continued its descent towards Key Fibonacci support in North American trade with the Dow Jones FXCM Dollar Index off by nearly 1.3% on the week. Here’s what to watch as we head into the close of the month.
Fri, 27 Jan 2012 12:50:38 EST
FXstreet.com (Córdoba) - On Friday, Fitch Ratings concluded its review of the six euro zone...
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Fri, 27 Jan 2012 12:50:13 EST
Texas Capital Bancshares Inc. (NASDAQ:TCBI) reported fourth-quarter 2011 operating earnings of 67 cents per share, surpassing the Zacks Consensus Estimate of 61 cents. The results were also above the prior-year quarter’s earnings of 32 cents per share. Quarterly results of Texas Capital benefited from an increase in net interest income. However, lower non-interest income and [...]
read more >>>Fri, 27 Jan 2012 12:50:11 EST
SLM Corp. (NYSE:SLM), commonly known as Sallie Mae, remains committed to boosting investors’ confidence through dividend increases and share buybacks. The company announced a 25% hike in its quarterly dividend to 12.5 cents per share from 10 cents. Alongside, the company declared a $500 million share buyback program. The increased dividend will be paid on [...]
read more >>>Fri, 27 Jan 2012 12:50:09 EST
U.S. energy giant Chevron Corp. (NYSE:CVX) reported mixed fourth-quarter and fiscal 2011 results, riding on higher oil prices and stronger refining margins, partially offset by reduced volumes and higher operating costs. Earnings per share (excluding adjustments for foreign-currency effects) came in at $2.61, missing the Zacks Consensus Estimate of $2.86. Quarterly results were also below [...]
read more >>>Fri, 27 Jan 2012 12:40:22 EST
Procter & Gamble Co.(NYSE:PG) reported modest results for the second quarter 2012, with net earnings from continuing operations sliding 49.0% year over year to 57 cents a share, which missed the Zacks Consensus Estimate by 47.22%. Profits were limited due to non-core charges of 53 cents per share including a one-time 50 cents per share non-cash [...]
read more >>>Fri, 27 Jan 2012 12:35:16 EST
Honeywell International Inc.’s (NYSE:HON) reported fourth-quarter 2011 earnings results before the market opened today. Pro forma earnings per share were $1.05 in the reported quarter, above the Zacks Consensus Estimate of $1.04. Mark-to-market pension expense in the quarter was $1.45 per share, including which the company incurred a loss per share of 40 cents. For [...]
read more >>>Fri, 27 Jan 2012 12:35:14 EST
Ford Motor Co. (NYSE:F) posted a 34% fall in profit to $797 million or 20 cents per share (before special items) in the fourth quarter of 2011 from $1.20 billion or 30 cents per share (before special items) in the same quarter of 2010. With this, the automaker has missed the Zacks Consensus Estimate by [...]
read more >>>Fri, 27 Jan 2012 12:30:03 EST
FXstreet.com (Córdoba) – The USD/JPY dropped further on the back of a weak Greenback across the...
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Fri, 27 Jan 2012 12:23:43 EST
VeriSign, Inc. (VRSN) reported a net income of $53.8 million or 34 cents per share in the fourth quarter of 2011 compared with a net income of $58.9 million or 36 cents per diluted share in the third quarter of 2011 and a net loss of $40.5 million or 23 cents per share in the previous [...]
read more >>>Fri, 27 Jan 2012 12:21:02 EST
The EURUSD broke out of the triangle formation and stops triggered. The range for the day was extended on the move. The high for the week came in at 1.3183. This is the next … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
read more >>>Fri, 27 Jan 2012 12:05:28 EST
DeVry Inc. (NYSE:DV) registered sluggish second quarter 2012 earnings of 13 cents per share, which crushed down 89.6% from $1.25 per share posted in the year-ago period. Earnings also lagged the Zacks Consensus Estimate of $1.08 by 87.9%. Management acknowledged that deteriorating economic conditions and rising unemployment have negatively impacted the results. Moreover, the new [...]
read more >>>Fri, 27 Jan 2012 12:04:50 EST
Federated Investors Inc. (NYSE:FII) reported fourth-quarter 2011 earnings per share of 36 cents, lagging the Zacks Consensus Estimate by 3 cents per share. The earnings missed the prior quarter’s earnings by a penny, and were also below earnings of 45 cents reported in the year-ago quarter. Results reflected a lower top-line growth and an increase [...]
read more >>>Fri, 27 Jan 2012 12:00:00 EST
As discussed in the previous post, the market is at a crucial juncture, something I have labelled “The Great Convergence”. The confluence of risk and opportunity is seldom as obvious as it is today. Many of the risks still hang … Continue reading … [visit site to read more] or compare Credit Card Rewards and [...]
read more >>>Fri, 27 Jan 2012 11:58:55 EST
FXstreet.com (Córdoba) - For the first time in three months, USDCAD dipped below parity on...
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Fri, 27 Jan 2012 11:56:45 EST
Equities followed the now familiar pattern of 2012: a more cautious close following earlier gains. Nevertheless US, Euro area and UK bourses looked like closing another week in positive territory, a further testimony to the wider improvement in risk sentiment this year. Unless the last days of the month see
Fri, 27 Jan 2012 11:56:45 EST
Equities followed the now familiar pattern of 2012: a more cautious close following earlier gains. Nevertheless US, Euro area and UK bourses looked like closing another week in positive territory, a further testimony to the wider improvement in risk sentiment this year. Unless the last days of the month see
Fri, 27 Jan 2012 11:50:14 EST
01/27/12 The euro continues to rise against the dollar Friday, however the yen has posted a strong rebound against the dollar following hedge fund … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
read more >>>Fri, 27 Jan 2012 11:49:49 EST
The Fed statement was surprisingly dovish in light of recent encouraging US data. We now do not expect Fed to hike the fed funds rate until mid-2014.
In the euro area better-than-expected PMIs suggest that the recession will be relatively mild.
Japan’s trade balance showed a deficit for 2011 as a whole
Fri, 27 Jan 2012 11:49:49 EST
The Fed statement was surprisingly dovish in light of recent encouraging US data. We now do not expect Fed to hike the fed funds rate until mid-2014.
In the euro area better-than-expected PMIs suggest that the recession will be relatively mild.
Japan’s trade balance showed a deficit for 2011 as a whole
Fri, 27 Jan 2012 11:41:12 EST
While growth disappointed in Q4 we still see scope for growth in the area of 2.5% in 2012. Consumption growth is underpinned by decent income growth as employment is picking up and inflation has come down. And exports are likely to recover as export markets are recovering slowly. Corporate investment
Fri, 27 Jan 2012 11:41:12 EST
While growth disappointed in Q4 we still see scope for growth in the area of 2.5% in 2012. Consumption growth is underpinned by decent income growth as employment is picking up and inflation has come down. And exports are likely to recover as export markets are recovering slowly. Corporate investment
Fri, 27 Jan 2012 11:40:16 EST
Harsco Corporation (NYSE:HSC) posted an EPS of 36 cents from continuing operations in the fourth quarter of fiscal 2011 compared with 15 cents in the year-earlier quarter, beating the Zacks Consensus Estimate of 30 cents per share. For fiscal 2011, income came in at $113.9 million with diluted EPS of $1.38 compared to an income of [...]
read more >>>Fri, 27 Jan 2012 11:38:09 EST
FXstreet.com (Córdoba) - The Euro picked up momentum and stretched to a fresh 5-week high versus...
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Fri, 27 Jan 2012 11:20:22 EST
Compuware Corporation (NASDAQ:CPWR) posted a net income of $21.6 million or 10 cents per share in the third quarter of fiscal 2012 compared to a net income of $22.7 million or 10 cents in the second quarter of fiscal 2012 and a net income of $34.0 million or 15 cents per share in the year-ago quarter. [...]
read more >>>Fri, 27 Jan 2012 11:18:40 EST
Robert Half International Inc.(NYSE:RHI), a leading global staffing and risk consulting services provider, reported solid fourth quarter earnings of $42.6 million or 30 cents a share, up considerably from $24.8 million or 17 cents a share in the year-earlier quarter. Earnings per share, however, lagged the Zacks Consensus Estimate of 31 cents. In fiscal 2011, [...]
read more >>>Fri, 27 Jan 2012 11:16:55 EST
Today's US GDP data was interesting in that it came in weaker than expected and breaking down the report we see that personal consumption was pretty soft and much of the gain in the fourth quarter came from the restocking of inventories.
Therefore with a soft GDP report the usual response
Fri, 27 Jan 2012 11:16:55 EST
Today's US GDP data was interesting in that it came in weaker than expected and breaking down the report we see that personal consumption was pretty soft and much of the gain in the fourth quarter came from the restocking of inventories.
Therefore with a soft GDP report the usual response
Fri, 27 Jan 2012 11:12:26 EST
FXstreet.com (Córdoba) – The USD/CHF rose to 0.9215 after the release of US GDP data but it failed...
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Fri, 27 Jan 2012 11:10:00 EST
The GBPUSD took a tumble lower. Market chatter is a UK clearer was selling (this is not confirmed). The price fell below the trendline support outlined in the morning commentary. The price is now below the 38.2% of the weeks trading range at the 1.56498 level. The next key target comes in at the 1.56241 [...]
read more >>>Fri, 27 Jan 2012 11:07:00 EST
Gold and silver sharply increased for the second straight day after the FOMC announced on Wednesday it will keep the interest rates low until late 2014.
Fri, 27 Jan 2012 11:06:33 EST
01/27/12 US stocks turned mixed following the 2.8% expansion in US Q4 GDP, and a consumer sentiment reading that topped estimates. Earnings reports continue to show mostly tepid … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
read more >>>Fri, 27 Jan 2012 10:55:14 EST
Abaxis Inc. (NASDAQ:ABAX) reported third quarter 2012 EPS of 13 cents, missing the year-ago quarter EPS by 4 cents, as well as the Zacks Consensus Estimate of 16 cents. Net sales during the quarter increased 5% year over year to $37.9 million, but lagged the Zacks Consensus Estimate of $41 million. The year-over-year growth was [...]
read more >>>Fri, 27 Jan 2012 10:55:12 EST
Covance (NYSE:CVD) reported an EPS of 35 cents in the fourth quarter of 2011 compared with 45 cents in the year-ago quarter. During the quarter, Covance incurred $31 million or 41 cents per share in charges, out of which roughly 10 cents were related to the completion of restructuring actions, 11 cents in the termination [...]
read more >>>Fri, 27 Jan 2012 10:44:25 EST
FXstreet.com (Córdoba) - EUR/GBP rose sharply within the last hours, reversing intraday losses and...
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Fri, 27 Jan 2012 10:35:21 EST
After a Wild Year, CTS is poised for Growth Ken Nagy, CFA CTS Corporation’s (CTS) 2011 Fiscal year was biblical, as the firm dealt with the adverse effects of earthquakes, fires and floods. Patient investors should be rewarded with double digit top and bottom-line growth and healthy free cash flow in 2012. On January 25, [...]
read more >>>Fri, 27 Jan 2012 10:34:04 EST
FXstreet.com (Barcelona) - The Greek PSI deal and the fiscal pact will be the main focus on the...
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Fri, 27 Jan 2012 10:20:23 EST
The discounted U.S. airline JetBlue Airways Corporation (NASDAQ:JBLU) delivered fourth quarter adjusted earnings per share of 8 cents, beating the Zacks Consensus Estimate as well as the year-ago earnings of 3 cents per share. Despite an uncertain economic environment, the company registered strong growth, driven by an increase in passenger count and favorable weather conditions [...]
read more >>>Fri, 27 Jan 2012 10:19:39 EST
FXstreet.com (Córdoba) – The GBP/USD failed to hold above 1.5700 after hitting a fresh high at...
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Fri, 27 Jan 2012 10:19:00 EST
U.S. consumer sentiment in January climbed to its highest level since May, with the University of Michigan Confidence survey advancing to 75.0 in January, reflecting a boost in household sentiment.
Fri, 27 Jan 2012 10:18:34 EST
Motorola Mobility Holdings Inc.(MMI) reported somber financial results for the fourth quarter of 2011, where both the top and bottom line fell short of the Zacks Consensus Estimate. However, following the earnings release, stock price of Motorola Mobility increased by 7 cents (0.18%) to $38.67. Quarterly GAAP net loss was $80 million or 27 cents [...]
read more >>>Fri, 27 Jan 2012 10:11:11 EST
FXstreet.com (Córdoba) - US stocks fell in early trading on Friday after data showed the US economy...
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Fri, 27 Jan 2012 10:10:56 EST
FXstreet.com (Barcelona) - The cross has dropped almost 40 pips after the results of the US GDP in...
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Fri, 27 Jan 2012 10:10:12 EST
Friday, January 27, 2012 Some traders who are looking for the recent rally in Soybean futures to falter may perhaps wish to explore buying just-out-of-the-money puts in Soybean futures options. For example, with the March futures trading at 1225.25 as of this writing, the March 1200 puts could be bought for 20 cents, or $1,000 [...]
read more >>>Fri, 27 Jan 2012 10:08:50 EST
Sustained growth either boom nor bust remains the theme for this economy and has been our outlook now for some time. Real GDP rose at a 2.8 percent pace in the fourth quarter and is up 1.6 percent from a year ago. The gains in the fourth quarter
Fri, 27 Jan 2012 10:08:50 EST
Sustained growth either boom nor bust remains the theme for this economy and has been our outlook now for some time. Real GDP rose at a 2.8 percent pace in the fourth quarter and is up 1.6 percent from a year ago. The gains in the fourth quarter
Fri, 27 Jan 2012 10:00:21 EST
Juniper Networks Inc. (NASDAQ:JNPR) posted adjusted earnings per share (EPS) of 22 cents in the fourth quarter of 2011, slivering past the Zacks Consensus Estimate by a penny. Revenues Juniper Networks’ revenues declined 5.81% year over year to $1.12 billion in the reported quarter. The company generated 75.6% of its consolidated quarterly revenue from product [...]
read more >>>Fri, 27 Jan 2012 10:00:20 EST
Under Armour, Inc. (NYSE:UA), one of the leading developers, marketers and distributors of branded sports apparel, footwear and accessories, recently posted better-than-expected fourth-quarter 2011 results. The company outdid the expectations on the back of healthy apparel, footwear, accessories and direct-to-consumer businesses. The quarterly earnings of 62 cents a share moved ahead of the Zacks Consensus [...]
read more >>>Fri, 27 Jan 2012 10:00:15 EST
Asset markets backed off the bid again today after a lacklustre US GDP report particularly given the high expectations. The market will quickly forget about this one as the EU summit lies dead ahead, however.
US GDP came in at a weaker than expected 2.8%, particularly weak given that the
Fri, 27 Jan 2012 10:00:15 EST
Asset markets backed off the bid again today after a lacklustre US GDP report particularly given the high expectations. The market will quickly forget about this one as the EU summit lies dead ahead, however.
US GDP came in at a weaker than expected 2.8%, particularly weak given that the
Fri, 27 Jan 2012 9:57:27 EST
Having walked across to the other side of the room and picked up my dummy (spat yesterday) I'll attempt to calmly relate to you how I see the market now.
Now it won't be anything to do with levels, directions and/or strategies, more about mental health and stamina, if you will.
Fri, 27 Jan 2012 9:57:27 EST
Having walked across to the other side of the room and picked up my dummy (spat yesterday) I'll attempt to calmly relate to you how I see the market now.
Now it won't be anything to do with levels, directions and/or strategies, more about mental health and stamina, if you will.
Fri, 27 Jan 2012 9:57:24 EST
FXstreet.com (Barcelona) - US consumer sentiment rose from 69.9 to 75.0 in January, above the 73.9...
For more information, read our latest forex news.
Fri, 27 Jan 2012 9:56:00 EST
01/27/12 Oil prices are steady near $100 a barrel Friday as clashing European data and a slight rise in the euro has kept prices in a tight … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
read more >>>Fri, 27 Jan 2012 9:56:00 EST
In what appears to be shaping up as a day of consolidation, the Japanese Yen has outpaced the rest of the majors. This is the first move towards a new all-time low in USD/JPY.
Fri, 27 Jan 2012 9:55:16 EST
FXstreet.com (Barcelona) For more information, read our latest forex news.
For more information, read our latest forex news.
Fri, 27 Jan 2012 9:54:00 EST
Fundamental Headlines • Lagarde Keeps Pressure on Greek Creditors – Bloomberg • U.S. Economy Grows 2.8%, Less than Forecast – Bloomberg • EU, IMF Press Greece on Reforms Before Aid Flows – Reuters • Greece Edges towards Debt Deal – WSJ • Investors Abandoning Copper, Cotton, Crude – WSJ European Session Summary It appears a [...]
read more >>>Fri, 27 Jan 2012 9:49:37 EST
The European sovereign debt market continues to show stabilization as successful auctions give the EUR a lift.
From Financial Times: "Italy sold its full target of €11bn of short-term treasury bills at sharply lower yields, underscoring the marked improvement in investor sentiment towards the world's third-largest bond market, and nurturing hopes
Fri, 27 Jan 2012 9:49:37 EST
The European sovereign debt market continues to show stabilization as successful auctions give the EUR a lift.
From Financial Times: "Italy sold its full target of €11bn of short-term treasury bills at sharply lower yields, underscoring the marked improvement in investor sentiment towards the world's third-largest bond market, and nurturing hopes
Fri, 27 Jan 2012 9:43:52 EST
The advance estimate of US fourth-quarter 2011 GDP growth was 2.8%, which was up from 1.8% and 1.3% increases in the third and second quarters, respectively, although slightly below market expectations for a 3.0% increase. The main contributor to the acceleration in growth in the fourth quarter of 2011 was
Fri, 27 Jan 2012 9:43:52 EST
The advance estimate of US fourth-quarter 2011 GDP growth was 2.8%, which was up from 1.8% and 1.3% increases in the third and second quarters, respectively, although slightly below market expectations for a 3.0% increase. The main contributor to the acceleration in growth in the fourth quarter of 2011 was
Fri, 27 Jan 2012 9:41:00 EST
EURUSD The Euro maintained a firm tone in Europe on Thursday with strong buying...
read more >>>Fri, 27 Jan 2012 9:38:49 EST
FXstreet.com (Barcelona) - After being capped at 1.3160, the EUR/USD lost some momentum and was...
For more information, read our latest forex news.
Fri, 27 Jan 2012 9:35:44 EST
From an open letter to President Obama on December 16, 2011 from University of Michigan President Mary Sue Coleman: “Higher education is a public good currently lacking public support. There is no stronger trigger for rising costs at public universities and colleges than declining state support.” According to the Washington Post, “President Barack Obama will [...]
read more >>>Fri, 27 Jan 2012 9:35:00 EST
U.S. economy accelerated at the fastest pace in more than a year and a half in the final three months of 2011, sending the U.S. dollar higher than other currencies.
Fri, 27 Jan 2012 9:31:01 EST
FXstreet.com (Córdoba) – The AUD/USD fell more than 50 pips in less than an hour following the...
For more information, read our latest forex news.
Fri, 27 Jan 2012 9:30:17 EST
Starbucks Corporation (SBUX) registered robust results for fiscal first quarter 2012. Quarterly earnings increased 11% year over year to a record 50 cents a share. It slivered past the Zacks Consensus Estimate by a penny. Management applauded the overall health and strength of the company’s global business coupled with the continuous product innovation for boosting [...]
read more >>>Fri, 27 Jan 2012 9:30:15 EST
Amgen (NASDAQ:AMGN) reported fourth quarter earnings per share of $1.19, 5 cents below the Zacks Consensus Estimate. Earnings, however, increased 3.5% from the year-ago period. A lower tax rate, lower share count and higher revenues contributed to the year-over-year increase in earnings. Total revenue increased 3% to $3,973 million in the fourth quarter of 2011. [...]
read more >>>Fri, 27 Jan 2012 9:27:39 EST
FXstreet.com (Córdoba) - The Dollar rallied against commodity currencies after the news that...
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Fri, 27 Jan 2012 9:22:24 EST
Equipment-rental company United Rentals Inc’s. shares (NYSE:URI) rose 8.92% to close at $37.87 after the company’s fourth-quarter earnings figures came in higher than analysts’ forecasts Semiconductor maker LSI Corp’s. share prices (NYSE:LSI) advanced 10.88% a day after the company projected first-quarter sales above market estimates Share prices of J.C. Penney (NYSE:JCP) rocketed [...]
read more >>>Fri, 27 Jan 2012 9:22:21 EST
The EURUSD has moved below the close from yesterday at the 1.3108. The price is also now below the 100 bar MA on the 5 minute chart at the 1.3120 level currently. The low for the day at the 1.3076 level is the next target for the … [visit site to read more] or compare [...]
read more >>>Fri, 27 Jan 2012 9:22:17 EST
The Dec job gain was revised up to 21,700 from 17,500 but the USDCAD has moved sharply higher over the last 20 or so minutes of trading. The surge higher has nearly fully reversed the decline today and seems to have surprised a short market. The high for the day at 1.0039 is the next [...]
read more >>>Fri, 27 Jan 2012 9:21:54 EST
The AUDUSD reversed course with a reversal of the stock market in pre opening trading. The price fell below the close from yesterday at the 1.0630 level but has found support against the 38.2% of the weeks trading range. Traders will likely use these two areas as the extremes for trading this morning. ON the [...]
read more >>>Fri, 27 Jan 2012 9:18:29 EST
FXstreet.com (Barcelona) - The MIG Bank analysts say the GBP/USD has returned to trade into its...
For more information, read our latest forex news.
Fri, 27 Jan 2012 9:10:00 EST
The USDJPY has come to life and the patter over the last 6 months suggests that the next big move is lower (to record lows).
Fri, 27 Jan 2012 9:10:00 EST
Positive developments coming out of the euro-area encouraged risk-taking behavior on Friday, but the rise in market sentiment may be short-lived as the outlook for global growth deteriorates.
Fri, 27 Jan 2012 9:05:19 EST
01/27/12 Global stocks traded mixed Friday morning as a jump in Spanish unemployment to 22.9% clashed with a healthy Italian bond auction. Meanwhile, Greek debt restructuring talks … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
read more >>>Fri, 27 Jan 2012 9:01:07 EST
March crude oil closed up 0.37 a barrel at 99.77 yesterday. Prices closed nearer...
read more >>>Fri, 27 Jan 2012 8:57:06 EST
FXstreet.com (Córdoba) – The Swiss Franc weakened against the US Dollar after the release of GDP...
For more information, read our latest forex news.
Fri, 27 Jan 2012 8:50:15 EST
A leading supplier of high performance network infrastructure solutions, QLogic Corporation (QLGC) reported third quarter 2012 earnings of 31 cents (excluding one-time charges, but including stock-based compensation expense) handily beating the Zacks Consensus Estimate by six cents. However, earnings per share (EPS) declined 36.0% year over year, primarily due to weak revenue growth and operating [...]
read more >>>Fri, 27 Jan 2012 8:49:09 EST
FXstreet.com (Córdoba) - The Dollar extended losses versus the Yen following the release of...
For more information, read our latest forex news.
Fri, 27 Jan 2012 8:46:10 EST
FXstreet.com (Córdoba) – The US Dollar gained momentum across the board following the release of...
For more information, read our latest forex news.
Fri, 27 Jan 2012 8:41:39 EST
FXstreet.com (Barcelona) - Excluding food and energy, the index rose 1.1% compared to 2.1% in the...
For more information, read our latest forex news.
Fri, 27 Jan 2012 8:40:25 EST
FXstreet.com (Barcelona) For more information, read our latest forex news.
For more information, read our latest forex news.
Fri, 27 Jan 2012 8:38:45 EST
FXstreet.com (Barcelona) For more information, read our latest forex news.
For more information, read our latest forex news.
Fri, 27 Jan 2012 8:35:42 EST
J.B. Hunt Transport Services (NASDAQ:JBHT) reported fourth quarter 2011 adjusted earnings of 59 cents per share, which surpassed the Zacks Consensus Estimate by a penny. Earnings per share increased 28.3% from 46 cents a year ago on strong growth across most segments. The current growth trend in freight rates arising from tighter truckload market; coupled [...]
read more >>>Fri, 27 Jan 2012 8:34:20 EST
FXstreet.com (Barcelona) - The Commerce Department informed that the U.S. economy grew 2.8% in...
For more information, read our latest forex news.
Fri, 27 Jan 2012 8:28:06 EST
FXstreet.com (Barcelona) For more information, read our latest forex news.
For more information, read our latest forex news.
Fri, 27 Jan 2012 8:20:23 EST
Vistaprint N.V. (NASDAQ:VPRT) declared second quarter 2012 adjusted earnings of 97 cents per share, comprehensively beating the Zacks Consensus Estimate of 61 cents. The better-than-expected results were driven by double-digit growth in the top line. Reported earnings per share (EPS) also increased from the year-ago level of 89 cents and exceeded the company’s guided range [...]
read more >>>Fri, 27 Jan 2012 8:01:48 EST
FXstreet.com (Barcelona) - The barrel of American light crude oil is hovering the triple-digit...
For more information, read our latest forex news.
Fri, 27 Jan 2012 7:52:04 EST
FXstreet.com (Córdoba) - The Australian Dollar is hovering near 3-month high versus the Greenback,...
For more information, read our latest forex news.
Fri, 27 Jan 2012 7:41:11 EST
ENERGIES: March crude oil closed up 0.37 a barrel at 99.77 today. Prices closed...
read more >>>Fri, 27 Jan 2012 7:40:34 EST
Stock pick for 01272012 Membership benefitsLive Member Chat Room Picks With...
read more >>>Fri, 27 Jan 2012 7:33:11 EST
FXstreet.com (Barcelona) - Today’s American session will release the US GDP in Q4, the Michigan...
For more information, read our latest forex news.
Fri, 27 Jan 2012 7:32:10 EST
FXstreet.com (Córdoba) - USD/JPY continued to decline on Friday, having already retraced the rally...
For more information, read our latest forex news.
Fri, 27 Jan 2012 7:06:03 EST
FXstreet.com (Barcelona) - The EUR/JPY rally got capped yesterday at 102.21, and “Since then it has...
For more information, read our latest forex news.
Fri, 27 Jan 2012 6:59:44 EST
FXstreet.com (Barcelona) - Although the European indexes futures were indicating a lower opening,...
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Fri, 27 Jan 2012 6:42:42 EST
FXstreet.com (Barcelona) - The Japanese yen is plummeting below the key level at 77.00 on Friday...
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Fri, 27 Jan 2012 6:34:16 EST
The largest U.S. airline United Continental Holdings Inc. (UAL) reported fourth quarter 2011 adjusted earnings per share (EPS) of 30 cents, more than double of the Zacks Consensus Estimate. In the backdrop of rising fuel prices and a slow moving economy, the outstanding performance of the company was credited to fare hikes, cost-cutting measures and [...]
read more >>>Fri, 27 Jan 2012 6:28:00 EST
Discussions between Greece and its private sector bond holders kicked off again today (a week after a deal was expected to be agreed), which has dominated news flow this morning. Reports suggest that the private sector is willing to accept a lower coupon rate, below their initial demands of 4%,
Fri, 27 Jan 2012 6:28:00 EST
Discussions between Greece and its private sector bond holders kicked off again today (a week after a deal was expected to be agreed), which has dominated news flow this morning. Reports suggest that the private sector is willing to accept a lower coupon rate, below their initial demands of 4%,
Fri, 27 Jan 2012 6:15:27 EST
The US economy has so far proved resilient enough to withstand drags from fiscal tightening and the Eurozone debt crisis debacle with today's 4Q'11 GDP report set to show that the economy accelerated for a third quarter in a row by 3 percent (annualised), according to consensus.
Fri, 27 Jan 2012 6:15:27 EST
The US economy has so far proved resilient enough to withstand drags from fiscal tightening and the Eurozone debt crisis debacle with today's 4Q'11 GDP report set to show that the economy accelerated for a third quarter in a row by 3 percent (annualised), according to consensus.
Fri, 27 Jan 2012 6:11:00 EST
The gains in the currency market over the past few weeks have been impressive, but ultimately they are still classified as corrective and the US Dollar will once again emerge…
Fri, 27 Jan 2012 6:02:41 EST
The European session focus remained on Greece's debt deal negotiations with optimism continuing to have an upper hand in sentiment. The EUR/USD probed towards 1.3150 on renewed reports Greece's creditors were nearing a deal on PSI related to a lower coupon. EU Commissioner Rehn fanned the optimism when he stated
Fri, 27 Jan 2012 6:02:41 EST
The European session focus remained on Greece's debt deal negotiations with optimism continuing to have an upper hand in sentiment. The EUR/USD probed towards 1.3150 on renewed reports Greece's creditors were nearing a deal on PSI related to a lower coupon. EU Commissioner Rehn fanned the optimism when he stated
Fri, 27 Jan 2012 5:38:16 EST
FXstreet.com (Barcelona) - The EUR/USD upside threw the pair from 1.3100 support to 1.3160 high...
For more information, read our latest forex news.
Fri, 27 Jan 2012 5:18:14 EST
FXstreet.com (Barcelona) - At the FOMC meeting, Bernanke said the Fed might hit another round of QE...
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Fri, 27 Jan 2012 5:01:05 EST
FXstreet.com (Barcelona) - The relentless upside in the aussie dollar seems unstoppable since its...
For more information, read our latest forex news.
Fri, 27 Jan 2012 5:00:00 EST
While we do have some favorable-looking headlines out of Europe this morning, indicating that Greece is making progress in its talks with the private creditors, the focus today will be on the U.S. economy. The headlines on that count are on the weak side. In its first read on the fourth quarter of 2011, the [...]
read more >>>Fri, 27 Jan 2012 4:57:26 EST
USD selling continued for the majority of yesterday's session. EM commodity currencies have been a primary recipient to inflows. USDTRY sank to 1.7862, while USDRUB gapped lower at the open and proceed to fall to 30.1811. The impetus seems to be the residual effect of the FOMC meeting where
Fri, 27 Jan 2012 4:57:26 EST
USD selling continued for the majority of yesterday's session. EM commodity currencies have been a primary recipient to inflows. USDTRY sank to 1.7862, while USDRUB gapped lower at the open and proceed to fall to 30.1811. The impetus seems to be the residual effect of the FOMC meeting where
Fri, 27 Jan 2012 4:55:00 EST
Crude oil and gold prices are poised to advance as US economic growth accelerates to the fastest pace in over a year in the fourth quarter.
Fri, 27 Jan 2012 4:55:00 EST
At the end of 2011, Merkel and Sarkozy got together for an unusual emergency meeting. They pledged to come up with economic salvation. Immediately the equity markets mounted a year end “Halleluyah” rally. Bernanke followed Europe’s footsteps in 2012 and expanded the horizon of record low interest rates from Mid-2013 until Late 2014. [...]
read more >>>Fri, 27 Jan 2012 4:23:03 EST
The actions of the Federal Reserve under the guidance of Chairman Bernanke on Wednesday evening have clearly boosted equities and risk assets and weakened the USD. As I see it however, it is not as straight forward as that.
Fri, 27 Jan 2012 4:23:03 EST
The actions of the Federal Reserve under the guidance of Chairman Bernanke on Wednesday evening have clearly boosted equities and risk assets and weakened the USD. As I see it however, it is not as straight forward as that.
Fri, 27 Jan 2012 4:18:54 EST
Talking Points Crude Oil, Copper Aim Higher as US GDP Pickup Promises Demand Growth Gold, Silver to Rise as Stronger US Growth Boosts Inflation Expectations WTI Crude Oil (NY Close): $99.70 // +0.30 // +0.30% The spotlight has turned to the fourth-quarter US GDP figures into the week-end. Output is expected to expand at an [...]
read more >>>Fri, 27 Jan 2012 4:16:41 EST
Some Potential Swing Trading Opportunities for today...
read more >>>Fri, 27 Jan 2012 4:15:34 EST
FXstreet.com (Barcelona) - Much support was offered to the pair at 1.3100 psychological level,...
For more information, read our latest forex news.
Fri, 27 Jan 2012 4:15:00 EST
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read more >>>Fri, 27 Jan 2012 4:04:42 EST
Talks on Greek debt swap resumed on Thursday as European finance ministers pressure private bondholders to take bigger losses on their Greek holdings. In exchange, private bondholders want other creditors, including the European Central bank, to take part in the swap deal. 'We are ready to make an effort if
Fri, 27 Jan 2012 4:04:42 EST
Talks on Greek debt swap resumed on Thursday as European finance ministers pressure private bondholders to take bigger losses on their Greek holdings. In exchange, private bondholders want other creditors, including the European Central bank, to take part in the swap deal. 'We are ready to make an effort if
Fri, 27 Jan 2012 4:04:14 EST
FXstreet.com (Barcelona) - Eurozone M3 Money Supply grew 2.1% in December, following a 2.5% rise in...
For more information, read our latest forex news.
Fri, 27 Jan 2012 4:01:00 EST
FXstreet.com (Barcelona) For more information, read our latest forex news.
For more information, read our latest forex news.
Fri, 27 Jan 2012 3:54:52 EST
The euro's rally paused on Friday as investors are now focusing on talks between Greece and its creditors. The single currency rose broadly yesterday as risk appetite dominated the markets climbing as high as 1.3183 against the dollar but today the pair fell to 1.3077. Asian equities turned negative and
Fri, 27 Jan 2012 3:54:52 EST
The euro's rally paused on Friday as investors are now focusing on talks between Greece and its creditors. The single currency rose broadly yesterday as risk appetite dominated the markets climbing as high as 1.3183 against the dollar but today the pair fell to 1.3077. Asian equities turned negative and
Fri, 27 Jan 2012 3:52:21 EST
Since Wednesday's exceedingly dovish Fed meeting, US bond yields have been under downward pressure and in turn we have seen USDJPY selling off sharply – reversing most of the gains made earlier in the week. This is not the direction that Japanese policymakers want to see the currency pair heading,
Fri, 27 Jan 2012 3:52:21 EST
Since Wednesday's exceedingly dovish Fed meeting, US bond yields have been under downward pressure and in turn we have seen USDJPY selling off sharply – reversing most of the gains made earlier in the week. This is not the direction that Japanese policymakers want to see the currency pair heading,
Fri, 27 Jan 2012 3:46:32 EST
FXstreet.com (Barcelona) - The Euro has just fell against the Pound once news from the Portuguese...
For more information, read our latest forex news.
Fri, 27 Jan 2012 3:38:40 EST
Generally yesterday was a day when the market 'collected its thoughts' following the slightly surprising announcement from the Fed signalling that its interest rate will remain unchanged for a period of three years and that further quantitative easing (QE3) will be introduced, should the economy display signs of weakness. Did
Fri, 27 Jan 2012 3:38:40 EST
Generally yesterday was a day when the market 'collected its thoughts' following the slightly surprising announcement from the Fed signalling that its interest rate will remain unchanged for a period of three years and that further quantitative easing (QE3) will be introduced, should the economy display signs of weakness. Did
Fri, 27 Jan 2012 3:31:30 EST
On Thursday, currency markets still had to adapt to the Fed's soft stance. EUR/USD come close to the 1.3197 resistance, but a break didn't occur. USD/JPY was pushed back in the longstanding consolidation pattern. A solution to the Greek PSI talks might still help the euro, but rebound in EUR/USD
Fri, 27 Jan 2012 3:31:30 EST
On Thursday, currency markets still had to adapt to the Fed's soft stance. EUR/USD come close to the 1.3197 resistance, but a break didn't occur. USD/JPY was pushed back in the longstanding consolidation pattern. A solution to the Greek PSI talks might still help the euro, but rebound in EUR/USD
Fri, 27 Jan 2012 3:19:00 EST
The Yen is poised to extend overnight gains as markets look past the limited implications of the US GDP report to focus on the upcoming EU leaders’ summit.
Fri, 27 Jan 2012 2:51:00 EST
A bearish gravestone doji in Eur-Usd on Thursday is sending the message that this market could finally be looking to roll back over. However, at this point it is still too early to call for the next lower top.
Fri, 27 Jan 2012 2:49:30 EST
Both Greek and private-sector bondholders sides said negotiations showed progress on Thursday and talks will continue on Friday, where they expect a deal to be reached within a couple of days. A report by a Greek newspaper Ethnos on Wednesday stated that private-sector creditors will accept a debt swap deal
Fri, 27 Jan 2012 2:49:30 EST
Both Greek and private-sector bondholders sides said negotiations showed progress on Thursday and talks will continue on Friday, where they expect a deal to be reached within a couple of days. A report by a Greek newspaper Ethnos on Wednesday stated that private-sector creditors will accept a debt swap deal
Fri, 27 Jan 2012 2:05:15 EST
Private loans up 1.0% vs 2.1% for year. Eur/Usd has dipped below 1.31 to trade at … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
read more >>>Fri, 27 Jan 2012 2:05:13 EST
Pall Corporation (NYSE:PLL) recently delivered better than expected results for the first quarter of its fiscal 2012. This marked the company’s 6th positive earnings surprise in 7 quarters. Analysts have been raising their estimates off of the strong quarter, sending the stock to a Zacks #2 Rank (Buy). Based on current consensus estimates, analysts project [...]
read more >>>Fri, 27 Jan 2012 2:05:11 EST
Xyratex Ltd. (XRTX) has seen some good earnings surprises and fights off the pressure of the Thailand floods. The stock is a Zacks #1 Rank (Strong Buy). Company Description Xyratex provides modular enterprise-class data storage subsystems and hard disk drive capital equipment for original equipment manufacturers (OEM), and hard disk drive manufacturers and their component [...]
read more >>>Fri, 27 Jan 2012 2:05:09 EST
Mohawk Industries Inc (NYSE:MHK) There are many industry insiders who believe housing is making a turnaround. I have yet to agree that the action in housing we are seeing is substantial in terms of price. One thing we do have is new and existing home sales on the rise. This to me is a positive [...]
read more >>>Fri, 27 Jan 2012 2:05:07 EST
Vistaprint NV’s (NASDAQ:VPRT) earnings for the first quarter of fiscal 2012 were well ahead of the Zacks Consensus Estimate. However, we believe that the slow pace of the economic recovery, coupled with huge investments in 2012 and 2013 to attract customers, will restrict improvements in its top as well as bottom lines. The new set [...]
read more >>>Thu, 26 Jan 2012 23:28:00 EST
We retain our Outperform recommendation on ZOLL Medical Corp. (NASDAQ:ZOLL) following its forecast-topping first quarter results. Revenues and earnings for the quarter beat the Zacks Consensus Estimates, driven by strong sales from the company’s LifeVest and temperature management businesses. The company witnessed healthy sales across the North American hospital and pre-hospital markets. We are pleased [...]
read more >>>Thu, 26 Jan 2012 22:32:58 EST
First a brief update on Cardero Resources (CDY). I introduced this stock to readers on December 26 when it was trading for 95 cents. Though I did not purchase CDY (I set a limit price that was never hit) I am very pleased that many readers did buy the stock, as it closed today at $1.53. [...]
read more >>>Thu, 26 Jan 2012 22:18:22 EST
According to one global manufacturing powerhouse, the outlook for 2012 is pretty rosey. “There Won’t Be a Global Recession, Caterpillar Says” (TheStreet) Don’t worry about a global recession. Caterpillar says it won’t happen in 2012. In an eventful week in which Apple surprised the world with outsized profit and sales gains, and the Federal Reserve [...]
read more >>>Thu, 26 Jan 2012 22:18:20 EST
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read more >>>Thu, 26 Jan 2012 22:18:17 EST
We saw some risk-off sentiment earlier causing the USD to make some head way. In the case of the USD vs. the SGD, the pair couldn’t secure a close above the 38.2% line on the move from Tuesday’s high to yesterday’s low. The current targets are 1.25356 to the downside and 1.26105 to the … [...]
read more >>>Thu, 26 Jan 2012 22:18:14 EST
The pair hasn’t traded below this level since January 19th. If we can close below 6.2872 we may see further selling with no significant levels between here and the all time low of 6.27195. If support holds we look back to the 38.2% … [visit site to read more] or compare Credit Card Rewards and [...]
read more >>>Thu, 26 Jan 2012 20:40:00 EST
Risk pairs are firmer in recent trading after low risk sentiment earlier. If this continues the next stop for AUD/JPY could be a re-test of the 81.815 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
read more >>>Thu, 26 Jan 2012 19:10:00 EST
The jobless rate for the manufacturing sector of the U.S. economy was below the national jobless for each of the last seven months of 2011 from June through December. That reversed a period from October 2008 to May 2011 when the manufacturing jobless was equal to or higher than the national average rate for 32 [...]
read more >>>Thu, 26 Jan 2012 18:23:31 EST
01/26/12 Stabucks shares fell in after hours trade despite beating fiscal Q1 earnings expectations. Commodity prices weighed on the coffee retailer’s operating margin, while its full-year guidance came in at the conservative end of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
read more >>>Thu, 26 Jan 2012 18:10:00 EST
01/26/12 Wall Street gave up session gains and reversed earlier gains. The Fed, mixed economic data and earnings were digested in a thin trading … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
read more >>>Thu, 26 Jan 2012 18:00:11 EST
01/26/12 US GDP and the University of Michigan’s consumer sentiment index will be released on Friday morning. A handful of earnings will be coming out before the Opening … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
read more >>>Thu, 26 Jan 2012 17:50:16 EST
E*TRADE Financial Corporation (NASDAQ:ETFC) reported fourth-quarter 2011 net loss of 2 cents per share, significantly below the Zacks Consensus Estimate of 20 cents per share. Earnings compared unfavorably with the prior quarter’s earnings of 24 cents per share, though improved from the loss of 11 cents reported in the prior-year quarter. Quarterly results deteriorated, driven by [...]
read more >>>Thu, 26 Jan 2012 17:41:00 EST
Sherwin-Williams Co. (NYSE:SHW) reported net earnings of 84 cents per share in the fourth quarter of 2011 excluding income tax expense of 70 cents per share compared with 67 cents per share in the year-ago quarter and in line with the Zacks Consensus Estimate. For the full year 2011, the company’s earnings were $4.84 per [...]
read more >>>Thu, 26 Jan 2012 17:39:03 EST
The Motley Fool - Packaged foods giant ConAgra Foods (NYSE: CAG - News) looks set to expand its presence outside U.S. borders, as it plans to acquire Del Monte Canada from an affiliate of private equity firm Sun Capital Partners for an undisclosed amount.
read more >>>Thu, 26 Jan 2012 17:30:55 EST
( click to enlarge ) Equinix Inc (NASDAQ:EQIX) remains one of the hottest stocks on the market. Accompanied with good volumes, the stock marked an all-time high in the last trading session. The daily momentum indicator shows overbought levels and I believe that a near-term correction is likely to happen. The positive view would be [...]
read more >>>Thu, 26 Jan 2012 17:25:11 EST
First Lady Michele Obama’s keep fit campaign ‘Let’s Move,’ which has been launched nearly two years back for protecting children against obesity, is causing worry for some food giants. The campaign suggests the inclusion of more vegetables and fruits and less of meat and fats in US school meals. The processed meat producers are among [...]
read more >>>Thu, 26 Jan 2012 17:25:09 EST
AutoNation Inc. (NYSE:AN) saw a profit of $71 million or 51 cents per share in the fourth quarter of 2011 compared with $68 million or 45 cents per share in the comparable quarter of 2010 (excluding debt refinancing costs of $1 million or 1 cent per share, after-tax), reflecting an increase of 13% on a [...]
read more >>>Thu, 26 Jan 2012 17:17:18 EST
AP - The average rate on the 30-year fixed mortgage rose this week for the first time this month, though it remained below 4 percent for the eighth straight week.
read more >>>Thu, 26 Jan 2012 17:11:04 EST
Ace chip maker Nvidia Corp. (NASDAQ:NVDA) is set to deliver a weak fourth quarter owing to softness in its Graphics Processing Unit (GPU) business arising from lower PC shipments. Weaker GPU business has also affected another tech behemoth and arch rival Advanced Micro Devices Inc.’s (NYSE:AMD) fourth quarter results. Advanced Micro reported a 9.9% decline [...]
read more >>>Thu, 26 Jan 2012 17:05:58 EST
Airgas Inc. (NYSE:ARG) reported third-quarter 2012 EPS of 97 cents compared with 80 cents in the year-earlier quarter. The quarter included an asset impairment charge of 10 cents. Results were, however, in line with the Zacks Consensus Estimate. Total revenue in the reported quarter rose 12% year over year to $1.15 billion, and was above the [...]
read more >>>Thu, 26 Jan 2012 16:57:44 EST
Corning’s (NYSE:GLW) fourth quarter 2011 earnings beat the Zacks Consensus Estimate by 8 cents, or 26.5%. However, shares gained just 0.77% after the company reported, despite losing 10.74% during the day, reflecting continued challenges in the company’s display and specialty materials businesses. Revenue Corning reported revenue of $1.89 billion, which was down 9.1% sequentially and [...]
read more >>>Thu, 26 Jan 2012 16:57:43 EST
Industrial manufacturer Eaton Corporation (NYSE:ETN) has released its fourth quarter 2011 results clocking operating earnings of $1.08 per share compared with 85 cents per share in the year-ago quarter. The results of the company, however, missed the Zacks Consensus Estimate of $1.11 per share by 3 cents. GAAP earnings of Eaton during the quarter were [...]
read more >>>Thu, 26 Jan 2012 16:57:41 EST
Nucor Corporation (NYSE:NUE) reported net earnings of $137.1 million, or 43 cents per diluted share (excluding special items) in the fourth quarter of 2011, beating the Zacks Consensus Estimate of 29 cents per share. This was a significant increase from 11.4 million, or 4 cents per diluted share (excluding special items) reported in the year-ago quarter. [...]
read more >>>Thu, 26 Jan 2012 16:35:58 EST
Invesco Ltd.’s (NYSE:IVZ) fourth-quarter adjusted earnings came in at 42 cents per share, just a cent ahead of the Zacks Consensus Estimate. However, this compares unfavorably with the adjusted earnings of 44 cents in the prior-year quarter. On a GAAP basis, earnings came in at 44 cents per share compared with 37 cents in the [...]
read more >>>Thu, 26 Jan 2012 16:25:39 EST
The growth of the Aerospace and Defense industry depends largely on the spending outlook of government departments, with the U.S. defense budget being the primary driver. The U.S. is the world’s largest aerospace and defense market, and also home to the world’s largest military budget. The U.S. defense budget for 2011 was $670.8 billion, with [...]
read more >>>Thu, 26 Jan 2012 16:17:22 EST
The U.S. Energy Department’s weekly inventory release showed that crude stockpiles increased more than expected on higher imports. However, the agency’s report further revealed that product demand rose, as a result of which both gasoline and distillate stocks fell from their previous week levels. Meanwhile, refinery utilization rate was down by 1.5%. The Energy Information [...]
read more >>>Thu, 26 Jan 2012 16:15:26 EST
AP - Mortgage rates for the past 52 weeks, at a glance
read more >>>Thu, 26 Jan 2012 16:07:16 EST
3M Company (NYSE:MMM) announced fourth-quarter 2011 results before the market opened today, reporting earnings per share of $1.35, above the Zacks Consensus Estimate of $1.31 per share. Earnings per share surged up 5.5% year over year. For full year 2011, earnings per share were $5.96, above the Zacks Consensus Estimate of $5.93 per share and [...]
read more >>>Thu, 26 Jan 2012 16:07:14 EST
Janus Capital Group Inc.’s (NYSE:JNS) fourth-quarter 2011 earnings per share attributable to common shareholders came in at 19 cents, ahead of the Zacks Consensus Estimate by 4 cents per share. However, results compared unfavorably with 24 cents in the year-ago quarter and 21 cents in the prior quarter. Lower topline growth and net outflows were [...]
read more >>>Thu, 26 Jan 2012 15:55:08 EST
Zacks lowers price target on SunSi due to unexpected decline in top-line Steven Ralston, CFA SunSi Energies (SSIE) reported disappointing financial results for the second fiscal quarter for the period ending November 30, 2011. Revenue for the second fiscal quarter was $3.56 million. Having acquired its interests in the Baokai and Wendeng facilities within the [...]
read more >>>Thu, 26 Jan 2012 15:52:00 EST
Ball Corporation (NYSE:BLL) reported net earnings of $77.5 million or 47 cents per share in the fourth quarter of 2011, decreasing from $92.2 million or 52 cents per share in the year-ago quarter. Excluding business consolidation costs and other charges and benefits, the company’s adjusted income in the quarter was at $78.1 million or 48 [...]
read more >>>Thu, 26 Jan 2012 15:35:15 EST
Obama at the SOTU: “If you’re an American manufacturer, you should get a bigger tax cut. If you’re a high-tech manufacturer, we should double the tax deduction you get for making products here. And if you want to relocate in a community that was hit hard when a factory left town, you should get help [...]
read more >>>Thu, 26 Jan 2012 15:30:14 EST
Molex Inc’s (NASDAQ:MOLX) earnings for the second quarter of fiscal 2012 missed the Zacks Consensus by 3 cents, or 8.0%. Weaker-than-expected revenue pulled down results, despite increasing cost efficiencies. Revenue Molex reported revenue of $857.6 million, which was down 8.4% sequentially and 4.9% year over year, short of management expectations of $870-910 million, or down [...]
read more >>>Thu, 26 Jan 2012 15:22:31 EST
Diversified fuel producer CONSOL Energy Inc. (NYSE:CNX) reported earnings of 70 cents per share for the fourth quarter of 2011, surpassing the Zacks Consensus Estimate of 64 cents. Earnings were substantially higher than the year-ago quarter of 46 cents per share. Reported earnings during the quarter were 85 cents, which included 15 cents relating to [...]
read more >>>Thu, 26 Jan 2012 15:15:20 EST
Cusick’s Corner 01-26-2012 The buyers have been picking up these dips over the past few weeks and with the Midday pullback, S&Ps at 1317, I would like to see that action continue. I will be monitoring Dollar strength and Euro weakness, if that trend continues into the After Hours, the weak handed bulls may be [...]
read more >>>Thu, 26 Jan 2012 15:10:15 EST
Caterpillar Inc. (NYSE:CAT) posted an impressive 53% increase in profit to $2.25 per share in the fourth quarter of 2011 from $1.47 per share in the same quarter of 2010, excluding the impact of acquisition of Bucyrus International, Inc. The profit far exceeded the Zacks Consensus Estimate of $1.73 per share. Revenues soared 35% to [...]
read more >>>Thu, 26 Jan 2012 15:10:13 EST
Zacks increases price target of Dejour Energy to $1.05 Steven Ralston, CFA Today, Dejour Energy (DEJ) announced that Gustavson & Associates LLC (independent reservoir engineering consultants) updated the NI 51-101 compliant reserve report on the company’s Kokopelli Project. The PV-10 of Proved Undeveloped reserves increased 11% from C$83 million to C$92 million. Dejour Energy’s NAV [...]
read more >>>Thu, 26 Jan 2012 15:03:00 EST
Raytheon Company (NYSE:RTN) reported fourth quarter and fiscal 2011 results. The company reported fourth-quarter adjusted earnings of $1.74 per share, beating the Zacks Consensus Estimate by 40 cents. Results were also higher than the year-ago quarterly earnings of $1.55 per share. The solid results were driven by improved efficiencies and cost lowering initiatives. For the [...]
read more >>>Thu, 26 Jan 2012 14:55:07 EST
“The Conference Board Leading Economic Index (LEI) for the U.S., after its first major comprehensive revision since 1996, increased in December (see chart above). The largest contributors to the increase were the interest rate spread and improving employment indicators. In the six-month period ending December 2011, the leading economic index increased 0.1 percent (about a [...]
read more >>>Thu, 26 Jan 2012 14:40:50 EST
U.S. energy behemoth Chevron Corporation (CVX) is scheduled to report its fourth quarter 2011 results on Friday January 27, 2012 before the start of trading. The Zacks Consensus Estimate for the to-be-reported quarter is a profit of $2.86 per share (with a downside risk of 1.05%) on revenues of $74.4 billion. In the year-ago quarter, [...]
read more >>>Thu, 26 Jan 2012 14:40:48 EST
Zacks increases price target of Dejour Energy to $1.05 Steven Ralston, CFA Today, Dejour Energy (DEJ) announced that Gustavson & Associates LLC (independent reservoir engineering consultants) updated the NI 51-101 compliant reserve report on the company’s Kokopelli Project. The PV-10 of Proved Undeveloped reserves increased 11% from C$83 million to C$92 million. Dejour Energy’s NAV [...]
read more >>>Thu, 26 Jan 2012 14:25:17 EST
Integrated oil company Hess Corporation (NYSE:HES) reported adjusted fourth quarter 2011 earnings of $1.17 per share, which came in below the Zacks Consensus Estimate of $1.34. The quarterly result was also below the adjusted year-earlier earnings of $1.20. The underperformance was mainly due to lower production realized in the reported quarter. Total revenue crept [...]
read more >>>Thu, 26 Jan 2012 14:25:16 EST
Owens-Illinois, Inc. (NYSE:OI) reported adjusted earnings of 48 cents per share for the fourth quarter of 2011, surpassing the Zacks Consensus Estimate by 2 cents. Earnings were 3 cents higher than 45 cents earned in the year-ago quarter. During the quarter the GAAP loss per share was $4.71 versus a loss of 51 cents reported [...]
read more >>>Thu, 26 Jan 2012 14:25:15 EST
Zacks increases price target of Dejour Energy to $1.05 Today, Dejour Energy (DEJ) announced that Gustavson & Associates LLC (independent reservoir engineering consultants) updated the NI 51-101 compliant reserve report on the company’s Kokopelli Project. The PV-10 of Proved Undeveloped reserves increased 11% from C$83 million to C$92 million. Dejour Energy’s NAV is now estimated [...]
read more >>>Thu, 26 Jan 2012 14:25:13 EST
McCormick & Co. Inc. (NYSE:MKC) posted results for the fourth quarter and fiscal year 2011 with operating earnings of $1.03 per share and $2.79 per share, respectively. The results surpassed the Zacks Consensus Estimate of 97 cents per share and $2.78 per share, respectively. Earnings in the fourth quarter of 2011 excluded an unfavorable impact [...]
read more >>>Thu, 26 Jan 2012 14:25:12 EST
Bristol-Myers Squibb Company’s (NYSE:BMY) fourth quarter 2011 earnings (excluding special items) of $0.53 per share fell short of the Zacks Consensus Estimate by $0.02. Adjusted earnings in the final quarter of 2011 were above the year-ago earnings by $0.06. Higher than expected expenses led to the earnings miss in the reported quarter. On a reported [...]
read more >>>Thu, 26 Jan 2012 14:25:10 EST
CNO Financial Group Inc. (NYSE:CNO) repurchased fewer shares in the fourth quarter of 2011 compared to the preceding quarter. In total, the company repurchased approximately 2.35 million shares in the fourth quarter of 2011, significantly down from 6.6 million shares in the prior quarter. CNO Financial spent only $14.1 million in total during the quarter [...]
read more >>>Thu, 26 Jan 2012 14:18:14 EST
World’s largest stand-alone defense contractor, Lockheed Martin Corporation (NYSE:LMT) exited fiscal 2011 with mixed fortunes. The company posted fourth-quarter 2011 operating earnings of $2.14 per share, beating the Zacks Consensus Estimate of $1.94. However, this was lower than the year-ago quarterly earnings of $2.28 by a margin of 14 cents. The downcast in earnings, year [...]
read more >>>Thu, 26 Jan 2012 14:18:12 EST
The USDCHF is looking to extend higher above the range that has gripped the pair over the last 9 or so hours of trading. The last test on the 5 minute chart held support at the 100 bar MA (see blue line in the chart above). That MA is starting to tilt to the upside. [...]
read more >>>Thu, 26 Jan 2012 14:10:00 EST
The EURUSD has broken trendline support at 1.3130 and with it came a wave of selling. The price has moved to the closing level from yesterday at 1.3106. Below that is the 38.2% of the move up from yesterday’s low at the 1.03086. Other support will likely come in against the lows for the day [...]
read more >>>Thu, 26 Jan 2012 13:50:17 EST
01/26/12 LandColt Trading’s Todd Schoenberger weighs in on Thursday’s equity market action as the Fed, earnings reports and economic data are … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
read more >>>Thu, 26 Jan 2012 13:48:00 EST
Varian Medical Systems (NYSE:VAR) posted first-quarter fiscal 2012 (ended December 30) net earnings of 79 cents a share, beating the Zacks Consensus Estimate of 76 cents but missing the year-ago earnings of 80 cents a share. Net earnings for the quarter slipped 6.5% year over year to $90.2 million (or 79 cents a share). Revenues [...]
read more >>>Thu, 26 Jan 2012 13:35:20 EST
Fiverr.com — The online marketplace for people to share things they’re willing to do for $5. Examples include: I will create a ventriloquist puppet video with any message you want for $5. I will write anything on my feet in high heels for $5 and send you three photos. I will edit your document for [...]
read more >>>Thu, 26 Jan 2012 13:27:11 EST
ConocoPhillips (NYSE:COP) reported fourth quarter 2011 adjusted earnings of $2.02 per share, comfortably beating the Zacks Consensus Estimate of $1.80. The earnings were also better than the year-earlier profit of $1.32. For the full year 2011, ConocoPhillips reported adjusted earnings of $8.76 per share compared with $5.92 per share in 2010. Reported EPS also [...]
read more >>>Thu, 26 Jan 2012 13:18:56 EST
Avnet, Inc (NYSE:AVT) reported a net income of $147.0 million or $0.98 per diluted share in the second quarter of fiscal 2012 compared to a net income of $139.0 million or $0.90 per share in the first quarter of fiscal 2012 and a net income of $141.0 million or $0.91 in the year-ago quarter. The [...]
read more >>>Thu, 26 Jan 2012 13:18:00 EST
Cusick’s Corner Nice recovery into the close and the bid did again come in, getting the market off the lows of the day. The S&Ps closed right at the 1315 level, so I am feeling better about the prospects of the bid. With the GDP and Michigan Sentiment due out in the morning, the markets [...]
read more >>>Thu, 26 Jan 2012 13:10:17 EST
Republicans are worried sick about Newt Gingrich’s ascendance, while Democrats are tickled pink. Democrats should not be pleased at the prospect that Gingrich could get the GOP nomination. The future of America is too important to face even a small risk of a Gingrich presidency. The Republican worry is understandable. “The possibility of Newt Gingrich [...]
read more >>>Thu, 26 Jan 2012 12:50:29 EST
LSI Corporation (NYSE:LSI) generated revenues of $523 million in the fourth quarter of 2011, up 11.0% year over year but down 4.3% sequentially and surpassed management’s expectations of $500 million to $550 million. The top line was impacted by Thailand flood to the tune of roughly $40 million. On May 6, 2011, LSI completed the sale [...]
read more >>>Thu, 26 Jan 2012 12:50:26 EST
Time Warner Cable Inc. (NYSE:TWC) reported strong fourth-quarter 2011 financial results, with both the top line and bottom line beating the Zacks Consensus Estimate. During the earnings call, the company also sanctioned a share repurchase program worth $4 billion and hiked its quarterly dividend by 17% to 56 cents. Quarterly GAAP net income was $564 [...]
read more >>>Thu, 26 Jan 2012 12:40:17 EST
Time Warner Cable Inc. (NYSE:TWC) reported strong fourth-quarter 2011 financial results, with both the top line and bottom line beating the Zacks Consensus Estimate. During the earnings call, the company also sanctioned a share repurchase program worth $4 billion and hiked its quarterly dividend by 17% to 56 cents. Quarterly GAAP net income was $564 [...]
read more >>>Thu, 26 Jan 2012 12:33:29 EST
Zimmer Holdings (NYSE:ZMH) reported an adjusted EPS of $1.36 during the fourth quarter of fiscal 2011, up 7.1% year over year and a couple of cents ahead of the Zacks Consensus Estimate. During the reported quarter, the company recorded $108.0 million provision for claims related to the Durom Acetabular component, which has been taken into [...]
read more >>>Thu, 26 Jan 2012 12:26:47 EST
Nokia Corp. (NYSE:NOK), the largest mobile phone manufacturer of the world, declared its fourth-quarter 2011 financial result where both the top and bottom line beats the Zacks Consensus Estimate. Quarterly net revenue was approximately $13,496.7 million, down 21% year over year but was above the Zacks Consensus Estimate of $13,407 million. Quarterly net loss was [...]
read more >>>Thu, 26 Jan 2012 12:22:47 EST
Thursday, January 26, 2012 The appeal of Gold futures as a hedge against inflation rose with the FOMC’s confirmation that interest rates will be kept low over the next 2-3 years. The Fed’s focus on growth versus inflation may be a bit misguided, as inflation data has been skewed by the financial crisis in Europe [...]
read more >>>Thu, 26 Jan 2012 12:22:45 EST
The EURUSD has extended to new highs as the rally off the FOMC easy policy continues to drive the market. However, the push above the days high was quickly rejected (high reached 1.3183. Good resistance at the 1.3192-96 level may have been a contributor to the offers. At the level, channel trendline resistance from the [...]
read more >>>Thu, 26 Jan 2012 12:22:42 EST
The GBPUSD has moved above the 100 day MA for the second consecutive day. Yesterday, the price moved above the level but the price did not sustain the move and closed below. The last time the price closed above the 100 day MA was November 11, 2011. Today the 100 day MA comes in at 1.5664 level. On the topside [...]
read more >>>Thu, 26 Jan 2012 12:22:40 EST
The USDJPY has been unwinding the rally that took the price above the 100 day MA (blue line below) and right up to the 200 day MA just yesterday (green line in the chart below). The price has just fallen below the 50% retracement of the move higher and the 100 hour MA at the 77.41 level (see chart [...]
read more >>>Thu, 26 Jan 2012 12:12:08 EST
The USDCAD gave way below floor support today at the 1.0049 area and is moving toward key support at the 200 day MA. The level comes in at 0.9946. I would expect buyers against the level on the 1st test. Before it breaks toward that level, however, the intraday chart has been following a downward [...]
read more >>>Thu, 26 Jan 2012 12:12:05 EST
Leading contract drilling company, Noble Corporation (NYSE:NE) reported fourth quarter 2011 earnings of 50 cents per share, missing the Zacks Consensus Estimate by a penny. However, reported earnings comprehensively beat the adjusted year-earlier profit of 39 cents per share, on the back of solid demand for its wide range of rigs and vessels. For full-year [...]
read more >>>Thu, 26 Jan 2012 12:12:03 EST
Symantec Corporation (NASDAQ:SYMC) reported earnings per share of 38 cents in the third quarter of 2012, a penny ahead of the Zacks Consensus Estimate. The company’s shares grew 1.05% in the after-hour trade, subsequent to the earnings release. The quarterly beat was driven by higher demand for its security solutions. Increase in worldwide data sharing [...]
read more >>>Thu, 26 Jan 2012 12:12:01 EST
Manufacturer of flexible packaging products Bemis Co.’s (NYSE:BMS) shares rose 6% to end the day at $31.79 after the company posted better-than-expected fourth-quarter profits Share prices of WellPoint Inc. (NSYE:WLP) retreated 4.76% after the health insurer said it expects its 2012 earnings to come in below the Street’s expectations Specialty glass maker [...]
read more >>>Thu, 26 Jan 2012 12:11:58 EST
Murphy Oil Corporation (NYSE:MUR) engaging in the exploration, production, refining and marketing of oil and gas in the U.S. and the U.K announced fourth quarter and fiscal 2011 results. Loss from continuing operations was 59 cents, far below the Zacks Consensus Estimate of earnings of $1.41 and the year-ago earnings of 77 cents per share. [...]
read more >>>Thu, 26 Jan 2012 12:11:56 EST
Netflix Inc. (NFLX) reported fourth quarter 2011 diluted earnings of 73 cents per share, breezing past the Zacks Consensus Estimate of 55 cents per share and management’s guidance range of 36 cents to 70 cents. However, EPS declined 16.1% year over year, primarily due to higher operating expenses in the quarter. Total revenue increased 47.0% [...]
read more >>>Thu, 26 Jan 2012 12:11:53 EST
AmerisourceBergen Corporation (NYSE:ABC) posted first quarter fiscal 2012 adjusted earnings of 63 cents per share, in line with the Zacks Consensus Estimate. However, earnings increased 10.5% from the year-ago period, spurred by higher revenues and a lower share count. Revenues Total revenue for the fourth quarter edged up 2.4% to $20.4 billion, beating the Zacks [...]
read more >>>Thu, 26 Jan 2012 12:11:51 EST
The deluge of this morning’s favorable economic and earnings reports should help stocks sustain Wednesday’s Fed-inspired gains. We got positive weekly Initial Jobless Claims numbers and a better-than-expected Durable Goods Orders reading. On the earnings front, Caterpillar’s (NYSE:CAT) blowout results will likely ease some of the lingering concerns about weakness in China and other emerging [...]
read more >>>Thu, 26 Jan 2012 12:11:48 EST
The second largest U.S. airline Delta Air Lines (NYSE:DAL) reported fourth quarter 2011 adjusted earnings of 45 cents per share surpassing the Zacks Consensus Estimate by 8 cents. The outstanding performance in the quarter was credited to fare hikes, cost-cutting measures and fuel hedging programs that fully offset surging fuel prices. On a GAAP basis, [...]
read more >>>Thu, 26 Jan 2012 12:11:46 EST
Colgate-Palmolive Company (NYSE:CL) posted fourth-quarter 2011 adjusted earnings of $1.30 per share, beating the Zacks Consensus Estimate by a penny. Adjusted earnings also surpassed the prior-year quarter level of $1.24 per share by approximately 5%. Global net sales increased nearly 5% year over year to $4,172 million based on a 3% surge in pricing and 4% [...]
read more >>>Thu, 26 Jan 2012 12:11:44 EST
EQT Corporation’s (NYSE:EQT) fourth quarter 2011 earnings rose 22.4% year over year to 60 cents, surpassing the Zacks Consensus Estimate of 55 cents. The outperformance was driven by higher production volume, which averaged 53 billion cubic feet equivalent/Bcfe in the quarter. Net operating revenue in the quarter stood at $369.9 million, exhibiting a 20% year-over-year [...]
read more >>>Thu, 26 Jan 2012 12:11:42 EST
Celgene Corporation’s (NASDAQ:CELG) 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 the year-ago earnings by 31 cents. Quarter in Details Total revenue climbed approximately 20% to $1.28 billion in the final quarter of 2011. Revenues [...]
read more >>>Thu, 26 Jan 2012 12:11:40 EST
StanleyBlack & Decker (NYSE:SWK) reported its financial results for the fourth quarter of 2011 with earnings per share from continuing operations of $1.36, up from $1.07 reported in the year-ago comparable quarter. Earnings also surpassed the Zacks Consensus Estimate of $1.28 GAAP EPS including 31 cents of merger related charges was $1.05 compared with 83 cents [...]
read more >>>Thu, 26 Jan 2012 12:11:37 EST
Baxter International Inc. (NYSE:BAX) reported fourth quarter and fiscal 2011 adjusted (excluding one-time items) earnings per share of $1.17 and $4.31, respectively, thereby beating the corresponding Zacks Consensus Estimates of $1.16 and $4.30, and surpassing the year-ago earnings of $1.11 and $3.98, respectively. The fourth quarter results were in line with Baxter’s earlier earnings guidance [...]
read more >>>Thu, 26 Jan 2012 12:11:35 EST
AT&T Inc. (NYSE:T), the second largest mobile service provider in the U.S, reported fourth quarter 2011 adjusted earnings of 42 cents per share lagging the Zacks Consensus Estimate by a penny and 23.6% down from the year-ago quarter. Despite solid smartphone sales, earnings slipped due to high churn rate and lofty subsidies associated with Apple [...]
read more >>>Thu, 26 Jan 2012 11:56:54 EST
International medical technology giant Covidien plc’s (NYSE:COV) first-quarter fiscal 2012 adjusted earnings per share (from continuing operation) of $1.13 outpaced the Zacks Consensus Estimate of $1.03 and exceeded the year-ago earnings of 95 cents. Adjusted earnings exclude one-time items such as restructuring and legal charges as well as costs related to the spin off of [...]
read more >>>Thu, 26 Jan 2012 11:20:00 EST
One of the main activities that trip up traders, especially new traders, is the concept of continual price movement in one direction without meaningful pullbacks – also known as “powerful trends,” “creeper trends,” or “positive feedback loops.” Let’s take a look at the current situation and put it in the context of prior S&P 500 [...]
read more >>>Thu, 26 Jan 2012 10:44:00 EST
01/26/12 The euro has hit a 5-week high against the greenback this morning on growing speculation of progress in Greece’s debt talks while US durable goods were … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
read more >>>Thu, 26 Jan 2012 10:10:21 EST
The chart above is from the “BP Energy Outlook 2030″ (p. 18) and shows the historical and estimated future mix of world energy sources through 2030. Some key points: 1. In the future, natural gas usage as a share of total energy will increase, oil usage will decrease, and coal’s share of energy consumption will [...]
read more >>>Thu, 26 Jan 2012 10:06:55 EST
According to the US Federal Reserve, last November saw the highest rise in consumer borrowing in the last 10 years, with an increase amounting to $20.4 billion, compared to the $11.6 billion increase that was predicted. This is a strong sign that banks are now giving loans more freely than before, and that consumers have [...]
read more >>>Thu, 26 Jan 2012 10:01:00 EST
January had been a fantastic month for the stock market. The Dow Jones Industrial index rallied approximately 4% in this month alone. We believe the Dow will hit strong resistance nearing the 12880 level and we’re expecting the market correct. The Euro crisis isn’t solved so there should be limited upside potential from here on. [...]
read more >>>Thu, 26 Jan 2012 9:49:00 EST
01/26/12 Front month crude prices were once again in positive territory led by speculation of Greek debt talk progress helping boost the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
read more >>>Thu, 26 Jan 2012 9:04:06 EST
01/26/12 Global markets were in positive territory after the Fed pledged to keep rates at low levels for near 2 years while speculation of progress in Greek debt talks have injected equities with … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
read more >>>Thu, 26 Jan 2012 9:01:02 EST
February gold futures closed up 36.00 an ounce at 1,700.10 yesterday. Prices...
read more >>>Thu, 26 Jan 2012 9:00:55 EST
EURUSD The Euro hit resistance above 1.3020 against the dollar in Europe on...
read more >>>Thu, 26 Jan 2012 8:43:14 EST
Yesterday, after market close, Citrix Systems Inc. (NASDAQ:CTXS) declared financial results for the fourth quarter of 2011, which managed to beat the Zacks Consensus Estimates. Global trends toward virtualization and cloud computing are facilitating the company to post solid results. However, management provided a weak financial outlook for fiscal 2012, primarily due to the company’s [...]
read more >>>Thu, 26 Jan 2012 8:39:21 EST
Valuation is, of course, fundamental to investing. Knowing what an asset is worth and the drivers of value is a pre-requisite for intelligent investing (as opposed to speculation). In general, there are two basic methods for valuing stocks. One approach is relative valuation, which compares a stock’s valuation level based on multiples like the Price [...]
read more >>>Thu, 26 Jan 2012 8:21:35 EST
SanDisk Corp.’s (NASDAQ:SNDK) fourth quarter 2011 adjusted earnings of $1.24 per share edged out the Zacks Consensus Estimate by a penny. The adjusted or non-GAAP earnings per share exclude amortization of acquisition-related intangible assets, convertible debt interest and tax gains, but include stock-based compensation expense. Following the earnings release, the company’s shares plunged 8.49% in [...]
read more >>>Thu, 26 Jan 2012 8:01:04 EST
METALS: February gold futures closed up 36.00 an ounce at 1,700.10 today. Prices...
read more >>>Thu, 26 Jan 2012 7:54:01 EST
Reuters - Bank of America Corp was the fourth-biggest U.S. mortgage lender in the fourth quarter of 2011, continuing its descent in the rankings after it stopped buying loans made by smaller banks.
read more >>>Thu, 26 Jan 2012 7:40:35 EST
Stock pick for 01262012 Membership benefitsLive Member Chat Room Picks With...
read more >>>Thu, 26 Jan 2012 7:33:07 EST
By ForexMansion.com The Trend Trader for the Dow 30 Stocks For Trading On Friday, January 27, 2012 In alphabetical order by symbol Close % Change 3×1 7×5 Minor Trend Major Trend Trend Reading AA – Alcoa Inc 10.36 − 1.15 10.34 10.03 Bullish AXP – American Express Company 49.98 − 0.38 49.78 49.96 Bullish BA [...]
read more >>>Thu, 26 Jan 2012 7:33:07 EST
On January 25, 2012, Jacobs Engineering Group Inc. (NYSE:JEC) reported its financial results for the first quarter 2012 with earnings per diluted share of 70 cents in the quarter, up from 52 cents reported in the year-ago quarter, based on solid sales and operations performance on the backdrop of improving markets. The results were in [...]
read more >>>Thu, 26 Jan 2012 7:33:06 EST
By ForexMansion.com The Trend Trader for Futures For Trading On Friday, January 27, 2012 INDICES Close % Change 3×1 7×5 Minor Trend Major Trend Trend Reading S&P 500 – Mar ESH2 1315.25 − 0.38 1314.11 1301.25 Bullish Dow Jones – Mar YMH2 12684 − 0.03 12654 12550 Bullish Nasdaq – Mar NQH2 2453.25 − 0.29 [...]
read more >>>Thu, 26 Jan 2012 7:33:06 EST
By ForexMansion.com The Trend Trader for ETFs For Trading On Friday, January 27, 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 110.36 + 0.20 110.16 110.21 Bullish BND – Vanguard Total Bond [...]
read more >>>Thu, 26 Jan 2012 6:05:00 EST
01/26/12 Wall Street extended prior session gains on the latest earnings and economic data releases. Commodities continued to be supported by the FOMC rate … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
read more >>>Thu, 26 Jan 2012 6:00:00 EST
01/26/12 Founder and managing partner of SoftTech VC, Jeff Clavier, discusses investment trends in US startups and the pulse of entrepreneurship in Silicon … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
read more >>>Thu, 26 Jan 2012 5:00:00 EST
From MedGadget — “LowestMed is a discount prescription service that shops for the lowest price for prescription medications. The idea is that you enter the medication prescribed, and whether you are at the doctor’s office or out looking for a refill, the app tells you (and shows you, via GPS), the pharmacy with the best [...]
read more >>>Thu, 26 Jan 2012 4:32:00 EST
By ForexMansion.com The Trend Trader for Forex For Trading On Friday, January 27, 2012 THE BIG SIX Close % Change 3×1 7×5 Minor Trend Major Trend Trend Reading AUDUSD – Aust Dollar / US Dollar 1.0627 + 0.29 1.0557 1.0408 Bullish EURUSD – Euro / US Dollar 1.3108 + 0.02 1.3065 1.2848 Bullish GBPUSD – [...]
read more >>>Thu, 26 Jan 2012 4:16:06 EST
Some Potential Swing Trading Opportunities for today...
read more >>>Thu, 26 Jan 2012 4:15:00 EST
Fundamental Headlines • Bernanke Makes Case for More Bond Buying – Bloomberg • French Socialist Pledges Retirement Age Cut – Bloomberg • ECB at Centre as Greek Debt Talks Resume – Reuters • Durable-Goods Orders Jump – WSJ • More Drones, Fewer Troops – WSJ European Session Summary After the U.S. Dollar sold off across [...]
read more >>>Thu, 26 Jan 2012 4:03:00 EST
Talking Points Crude Oil, Copper Turn to Earnings Calendar for Guidance on Demand Outlook Gold, Silver Aim Higher in Weeks Ahead as Dovish Fed Lets Loose Inflation Bets WTI Crude Oil (NY Close): $99.40 // +0.45 // +0.45% As we suspected yesterday, crude oil prices edged higher after an overtly dovish FOMC announcement sank the [...]
read more >>>Thu, 26 Jan 2012 3:48:39 EST
The US Federal Open Market Committee (FOMC) kept the fed funds rate steady at 0 to 0.25 percent. The Fed said: “To support a stronger economic recovery and to help ensure that inflation, over time, is at levels consistent with the dual mandate, the Committee expects to maintain a highly accommodative stance for monetary policy. In particular, the [...]
read more >>>Thu, 26 Jan 2012 3:43:00 EST
When it comes to valuing stocks, the price-to-earnings (P/E) ratio is the number one metric for investors that want an instant fix on what the market thinks of a company. But while the beloved P/E can tell you a lot about a share price there are health warnings to heed if you don’t want to [...]
read more >>>Thu, 26 Jan 2012 2:00:17 EST
The Reserve Bank of New Zealand kept the Official Cash Rate (OCR) on hold at 2.50%, noting the impact of global developments. The Bank Said: ”In the domestic economy we continue to see modest growth. Over recent months there have been signs of a limited recovery in household spending and the housing market. Further ahead, repairs and reconstruction [...]
read more >>>Thu, 26 Jan 2012 2:00:15 EST
Bank of America Corp.’s (NYSE:BAC) fourth-quarter earnings came in substantially lower than the Zacks Consensus Estimate. The sale of non-core assets and accounting gains made it possible for the company to remain profitable during the quarter. However, excluding nonrecurring items, the company would have incurred a loss. Higher non-interest expense was the primary headwind in [...]
read more >>>Thu, 26 Jan 2012 2:00:13 EST
Davita (NYSE:DVA) Insurance companies aren’t the only ones who stand to benefit from healthcare for all. Providers like DaVita will be able to help more sick patients under the new plan and in turn generate more profits. They are the premier kidney care provider in America and serve the more than 400,000 people in need [...]
read more >>>Thu, 26 Jan 2012 2:00:10 EST
Omega Healthcare Investors, Inc. (NYSE:OHI) offers investors solid growth and exceptionally strong income at a reasonable price. Estimates have been rising after the company delivered better than expected third quarter results. It is a Zacks #2 Rank (Buy). The company also pays a divdend that yields a stellar 7.9%. Valuation is attractive too, with shares [...]
read more >>>Thu, 26 Jan 2012 2:00:07 EST
BJ’s Restaurants (NASDAQ:BJRI) remains well positioned to sustain its growth momentum, while generating improved earnings on the heels of efficient operations and innovative offerings. These also help the company to drive traffic and post robust same-store sales growth. The company also boasts a debt-free balance sheet. The company remains committed to its unit growth beyond [...]
read more >>>Wed, 25 Jan 2012 23:41:19 EST
The stock markets had a very solid session. Most charts shot higher after Apple beat...
read more >>>Wed, 25 Jan 2012 20:16:03 EST
Reuters - JPMorgan Chase & Co Chief Executive Jamie Dimon said President Barack Obama's decision to expand investigations into home lending and sales of mortgage securities could stop settlement talks with the states over foreclosure practices.
read more >>>Wed, 25 Jan 2012 19:00:00 EST
USD selling continued for the majority of yesterday’s session. EM & commodity currencies have been a primary recipient to inflows. USDTRY sank to 1.7862, while USDRUB gapped lower at the open and proceed to fall to 30.1811. The impetus seems to be the residual effect of the FOMC meeting where Mr. Bernanke announced it would be nearly 3 years before hikes (he also indicated that selling of...
read more >>>Wed, 25 Jan 2012 18:29:22 EST
AP - The Illinois attorney general filed a lawsuit Wednesday accusing Standard & Poor's of misleading investors by assigning its highest ratings to risky mortgage-backed investments during the years leading up to the crash of the housing market.
read more >>>Wed, 25 Jan 2012 17:52:16 EST
Reuters - Applications for home mortgages retreated last week, giving back some of the previous week's surge as interest rates rose, an industry group said on Wednesday.
Wed, 25 Jan 2012 13:42:38 EST
AP - California officials are refusing to sign a proposed settlement between U.S. states and the nation's biggest mortgage lenders over deceptive foreclosure practices, calling it "inadequate."
read more >>>Wed, 25 Jan 2012 12:01:03 EST
March sugar closed down 20 points at 24.76 cents yesterday. Prices closed near the...
read more >>>Wed, 25 Jan 2012 12:00:56 EST
EURUSD The Euro challenged resistance levels above 1.3050 against the dollar in...
read more >>>Wed, 25 Jan 2012 11:28:10 EST
ContributorNetwork - American taxpayers have contributed more than $183 billion to bailout mortgage lenders Freddie Mac and Fannie Mae in the years following the housing collapse, according to CNN. Given this considerable burden, the Republican presidential candidates were asked if they played any role in aiding these two firms and how they plan on helping distressed homeowners.
read more >>>Wed, 25 Jan 2012 7:14:31 EST
Reuters - Signed contracts for the sale of existing U.S. homes retreated from a 1-1/2-year high in December and demand for home loans fell last week, pointing to a moderation in home sales after recent hefty gains.
Wed, 25 Jan 2012 6:40:35 EST
Stock pick for 01252012 Wish you all great trading dayKind regardsIvica...
read more >>>Wed, 25 Jan 2012 4:16:58 EST
Some Potential Swing Trading Opportunities for today...
read more >>>Tue, 24 Jan 2012 19:00:00 EST
USD was sold in Asian session as the FOMC sounded very dovish in their pledge to hold rates at near zero “at least through late 2014”. EURUSD climbed to 1.3134 while AUDUSD ran to 1.0642, on broad USD selling. In addition to the commitment to low rates the Fed also committed to explicit inflation targeting for the first time. Core personal consumption expenditure will be now steered towards 2.0%...
read more >>>Tue, 24 Jan 2012 15:47:16 EST
Reuters - President Barack Obama began a campaign-style swing through political battleground states on Wednesday, pitching his State of the Union initiatives on taxes and jobs as he made his case for a second term.
Tue, 24 Jan 2012 15:21:00 EST
The Motley Fool - A risk-averse environment and lower trading levels resulted in mediocre results for U.S. trust banks. The largest of them all, Bank of New York Mellon (NYSE: BK - News), recorded a 26% fall in fourth-quarter profits on account of lower fee revenues.
read more >>>Tue, 24 Jan 2012 14:55:04 EST
ContributorNetwork - COMMENTARY | Mitt Romney has released his tax records, reports Reuters. The records, from 2010 and 2011, indicate he is paying an average tax rate of about 14.5 percent over the two years. The reason the tax rate is far lower than the maximum income tax rate of 35 percent is that Romney's income is primarily from investments, which are taxed at a lesser rate. For both years combined, Romney will pay around $6.2 million on $42.5 million in income. His net worth is estimated at $190 million to $250 million.
read more >>>Tue, 24 Jan 2012 14:48:55 EST
AP - The government's new consumer finance watchdog agency is prepared to sue companies that offer unfair or deceptive mortgages and credit cards, its director said Tuesday.
read more >>>Tue, 24 Jan 2012 9:01:12 EST
March corn futures closed up 8 12 cents at 6.20 yesterday. Prices closed nearer...
read more >>>Tue, 24 Jan 2012 9:01:05 EST
EURUSD There was further solid Euro demand in European trading on Monday which...
read more >>>Tue, 24 Jan 2012 7:41:06 EST
JIMS MARKET THOUGHT OF THE DAY Its a risk on trading day in the market place...
read more >>>Tue, 24 Jan 2012 7:41:06 EST
GRAINS: March corn futures closed up 8 12 cents at 6.20 today. Prices closed...
read more >>>Tue, 24 Jan 2012 7:40:59 EST
EURUSD The Euro was unable to extend gains early in Europe on Friday and dipped...
read more >>>Tue, 24 Jan 2012 4:16:17 EST
Some Potential Swing Trading Opportunities for today...
read more >>>Mon, 23 Jan 2012 21:33:23 EST
Reuters - Republican presidential candidate Mitt Romney bowed to political pressure and gave the public a glimpse inside his personal fortune on Tuesday, releasing U.S. tax returns showing he pays a lower effective tax rate than many top wage-earners.
Mon, 23 Jan 2012 21:27:13 EST
Reuters - In the wake of news reports last week that presidential contender Mitt Romney owns an individual retirement account worth as much as $101 million, questions are growing over how it could have gotten so big when contribution limits are capped at $5,000 or $6,000 a year.
read more >>>Mon, 23 Jan 2012 20:34:16 EST
Reuters - The regulator for Fannie Mae and Freddie Mac told lawmakers that forcing the government-controlled mortgage firms to write down the principal on underwater home loans would require more than $100 billion in fresh taxpayer funds.
read more >>>Mon, 23 Jan 2012 19:00:00 EST
The big mover in Asian session was the AUD, as a weaker headline CPI reading of 0.0% q/q vs. 0.2% exp pushed AUDUSD briefly to 1.0441. This read would put the year-on-year number slightly above mid-point of RBA's 2-3% inflation band and forces traders to slightly rethink rate cut expectations. The OIS market is pricing in cuts of roughly 16bp for the February meeting. Given the contraction in...
read more >>>Mon, 23 Jan 2012 4:16:45 EST
Some Potential Swing Trading Opportunities for today...
read more >>>Sun, 22 Jan 2012 19:00:40 EST
As stated previously in this blog, I had anticipated either a deep correction followed by a rally, or a continuation of the current rally followed by a serious correction. It looks, for now, like option 2, the rally, is occurring so far in 2012. One of the things you must learn in my opinion as a trader is that there should be a primary focus in technical analysis, as John Murphy has written about on several occasions. That primary objective is to set reasonable price objectives when holding a long or short position in the markets.
read more >>>Sun, 22 Jan 2012 19:00:00 EST
In Asia session, liquidity was thin and flow were light as locals celebrated the second day of the Chinese New Year. BoJ unanimously keeps rate unchanged at 0-0.1% and asset-purchase fund left at JPY20 trn as was universally expected. In addition, monthly JGB purchases were held at JPY1.8 trn. EURUSD took a hit, falling to 1.2988 on a WSJ article and comment from Juncker ran on the wire. The WSJ...
read more >>>Sun, 22 Jan 2012 4:16:08 EST
Some Potential Swing Trading Opportunities for today...
read more >>>Sat, 21 Jan 2012 4:16:46 EST
Some Potential Swing Trading Opportunities for today...
read more >>>Fri, 20 Jan 2012 4:16:52 EST
Some Potential Swing Trading Opportunities for today...
read more >>>Thu, 19 Jan 2012 19:00:00 EST
The first trading day in the year of the Dragon was unremarkable. With much of Asia closed fo the holidays trading was subdued. FX market positioning seems to indicate that traders are bracing for a significant pullback in risk appetite. The catalyst looks to be the disappointment created by the Greek debt swap plan. Whatever the outcome, it's bound to come up short. In the short term, we suspect...
read more >>>Thu, 19 Jan 2012 9:01:11 EST
EURUSD The Euro found support in the 1.2750 region against the dollar on Wednesday...
read more >>>Thu, 19 Jan 2012 8:41:10 EST
February gold futures closed up 3.10 an ounce at 1,658.70 yesterday. Prices closed...
read more >>>Wed, 18 Jan 2012 19:00:00 EST
Lack of fresh news prior to the Lunar New Year had FX markets trending. Gains in regional equities across Asian reflected the follow through from Wall Street solid performance. EURUSD contracted into a narrow range narrow range from 1.2954 to 1.2974 while AUDUSD solid off mildly from 1.2986 to 1.2918. On the data front, Australian export and import prices came in at 1.5% and 2.5% q/q. Rumors...
read more >>>Tue, 17 Jan 2012 19:00:00 EST
Risk appetite remains firm in Asia session with decent USD supply pushing up risk correlated FX trades. EURUSD was able to rally to 1.2868 on growing optimism over the latest Greek PSI proposal. Financial Times reports that rather than having a fixed coupon, that had been a barrier in discussions, the strategy is to provide a flexible coupon. The latest headlines is calling for a coupon starting...
read more >>>Mon, 16 Jan 2012 19:00:00 EST
Asian session was subdued with G10 flows unexceptional. EURUSD bounced around 1.2752 to 1.2807 while AUDUSD made a steady climb to 1.0413 (short of 200d ma) before dropping sharply. Traders will focus on Greek PSI issue as talks are expected to resume today. China headlines once against dominated a quiet session a china official stated support of smaller banks in targeting RRR for Guizhou banks....
read more >>>Sun, 15 Jan 2012 19:00:00 EST
It was risk-on in Asian session after a very gloomy 24hrs. The catalyst was the strong China Q4 GDP print of 8.9% vs. 8.7% expected. China retails sales also surprised to the upside with a print of 18.1% vs. 17.2% y/y exp. Today's good China GDP report should provide further support to the argument for a "soft landing" of the Chinese economy (although the print was at a low). We continue to...
read more >>>Thu, 12 Jan 2012 19:00:00 EST
On Friday, what started out as a good day for the risky assets & EUR quickly became an outright collapse. Fitch has been very chatty in recent days and the prospect of an S&P downgrades for Eurozone sovereign had been lingering over the markets for a while. First came a disappointing Italian bond auction. Then speculation that Greece was near to announcing critical restructuring of Greek...
read more >>>Wed, 11 Jan 2012 19:00:00 EST
Risk correlated assets continued to make gains in Asian session due to the optimism sprung from yesterdays well received Spanish and Italian auctions. EURUSD traded up to 1.2879 while AUDUSD after a brief dip charged to 1.0362. Asia’s regional indices were broadly higher with the Nikkei up 1.36% and Hang Seng 0.57% yet shanghai failed to contribute to the feel good atmosphere falling -1.34%....
read more >>>Tue, 10 Jan 2012 19:00:00 EST
Ahead of today’s big events the ECB and lesser extent the BoE Asian session was subdued. China economic data provide not surprise as December CPI and PPI printing practically in line with expectations at 4.1% and 1.7% y/y respectively. That’s say risk appetite remained low after yesterdays late day Eurozone negative headlines. The wires lit up with reports from senior EU banking sources that the...
read more >>>Mon, 9 Jan 2012 19:00:00 EST
Asian session was quiet as markets began bracing themselves for tomorrow's ECB meeting. Risk appetite was muted as equity indices painted a mixed picture. EURUSD provided a solid U-shaped path trading from 1.2770 to 1.2730 then back to 1.2780. The correlation between EURUSD and its interest rate differential remains high so any directional price action will probability wait till tomorrow ECB...
read more >>>Sun, 8 Jan 2012 19:00:00 EST
Risk appetite returned in Asian session as regional equities rallied. Yet FX markets coasted in constricted ranges. EURUSD rallied softly from 1.2762 to 1.2799 while USDJPY slid a merger 15 pips to 76.78. AUDUSD was able to climb to 1.0323 supported by the China’s decent trade balance coming in at $16.52bn vs. $8.8bn exp. In other Chinese data imports printed at 11.8% y/y vs. 18.0% exp,...
read more >>>Thu, 5 Jan 2012 19:00:00 EST
The pessimism surrounding the European crisis and spillover effect into the EUR looks to have entrenched itself last week. Traders have been quick to fade any risk rally either in FX or equities, quickly reversing any optimism. On the other hand, the USD continued to find supporters in seemingly a win – win environment for the greenback. EURUSD started on weak footing falling to 1.2666 led...
read more >>>Wed, 4 Jan 2012 19:00:00 EST
It’s another non-farm payrolls Friday, and in typical fashion the FX markets are subdued with few participants willing to commit to big bets ahead of the risk event. Despite dropping to new 15-month lows in the Asian session, EURUSD has managed to recover its losses early in the European session, and is now loitering around the 1.2800 mark. The December non-farm payrolls are due at 13:30...
read more >>>Tue, 3 Jan 2012 19:00:00 EST
Mounting tensions in the Persian Gulf continue to worry the market; distracting at least some of the focus away from European debt problems, but certainly not helping risk appetite recover in the new year. As concerns intensify that the stand-off between Iran and the US could turn nasty, worried investors are pushing commodities prices higher, with oil staying well supported above $100 per...
read more >>>Mon, 2 Jan 2012 19:00:00 EST
Risk appetite has stabilized today and the overall mood appears constructive as December’s round of PMI surveys has been encouraging overall. In particular, the manufacturing components released yesterday pointed to a much stronger than expected performance at the end of last year. Switzerland posted the most impressive upside surprise, with December’s reading hitting 50.7 compared to forecasts...
read more >>>Sun, 1 Jan 2012 19:00:00 EST
With a vast majority of the world's markets taking an extra day to recovery from the New Year festivities, FX price action was subdued. USD was broadly offered across G10 and EM was Asian equities firmed. USDJPY continued to sell-off trading down to 76.77 from 76.97. Oil has come back into focus as Iran has issued some hawkish comment pre-European open. Reuters citing Fars News Agency has the...
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