Daily Markets - Financial News & Opinions |
- Low Risk Trading Setups Explained For Gold And Stocks
- Forex Trading: U.S. Dollar’s Longer-Term Outlook Looks Bright
- Top 5 Economic Graphs For The Week Ended 30 January 2010
- The Gold And Silver Bull Market: Instant Gratification Or Complete Apathy?
- Beware Of A Bubble In Bond ETFs
- Economic Events For The Trading Week Jan 31 - Feb 5
- The Federal Budget Is Not The Biggest Loser
- Daily ETF Roundup: GDX Sinks, VXX Rises
- Chubb Betters Expectations
- Cartoon: Health vs Banking - A Balancing Act
- Economic Recovery Period: When The Stock Market Notices The Depression
- Fortune Tops, Guidance Falls
- Video: NYSE Closing Bell Market Monitor: WMT, HON, CVX
- Dover Sees End-market Recovery
- CA Delivers Decent Numbers
- Video: “U.S. 4Q GDP Blew Socks Off Of Expectations”
- Burger King Set To Beef Up… Just Not Enough To Tempt Us
- Buy Into CTS Post-Selloff?
- Newsflash: Ron Paul Loves Liberty
- The Changing Composition Of GDP
- Emerging Market Consumers: These Companies Are Set To Profit
- PACCAR Maintains Profit
- Beware The Dollar Rally?
- Newell Rubbermaid In-Line
- SanDisk Exceeds Expectations
- Honeywell Beats By A Penny
- Invesco Misses View, Profit Swells
- A Growing Share Of Americans’ Income Comes From The Government
- Why You Should Ignore New ETF Filings
- Danaher Exceeds Expectations
- Chevron Misses On Weak Refining
- Celgene Beats Zacks Estimate
- Video: Market Movers: MOT, ORLY, BKD, BKC, DGX
- Janus Capital Beats By A Penny
- Forex Trading: EURUSD May Have Seen The Bottom. 200 Week MA And Channel Trendline Tested At The Lows
- American Electric Surpasses
- Looking For A Bright Spot? Productivity Growth May Be America’s Secret Weapon
- Where The GDP Growth Came From
- Video: USD Extends Gains Vs. Majors
- CONSOL Energy Beats
- The Descent Of Money
- Forex Trading: EURCHF Has Also Soared Higher, But Reaction Is Still Muted.
- Textron Tops, Outlook Disappoints
- The Dependency Ratio: Use This Number To Find The Best International Investments
- Forex Trading: USDCHF Breaks Through The 200 Day MA For The First Time Since May 2009
- Forex Trading: USDJPY Fighting Through The 90.40 Area, But 90.55 Looms Above Now
- Housing Market Faces A Lost Decade
- Goodrich Gives Lackluster Results
- Swiss Franc: Continuation Of The Rebound
- Canadian Dollar: Continuation Of The Rebound
- Japanese Yen: The Upside Prevails
- British Pound: The Upside Prevails
- Euro: Bounce
- OXY Beats On Production Rise
- Mid-Term Elections In 2010 And The Stock Market
- 3M Company Tops Estimates
- Forex Trading: USDJPY Falls Sharply As Stocks Give Up Some Gains And London Liquidates
- Amazon Profits Up As Margins Slide
- Forex Trading: USDCAD Finds Support At 100 Hour MA But Quintuple Top Above
- Stock Picks For 29 January
- Video: NYSE Opening Bell Market Monitor: CVX, HON, MAT
- SurModics Beats
- Mattel Beats As Barbie Jumps
- In-line Quarter For CPWR
- Forex Trading: USDJPY Finding Some Resistance Fibo Resistance At The 90.90 Level.
- Strong Quarter For Avnet
- Where’s The Beef?
- Grail Launches Two Active Bond ETFs
- Short Yen, Long Dollar
- Forex Trading: EURUSD Remains Contained This Morning.
- Amylin Misses Estimates
- Crown Castle Beats, Outlook Fails
- Stock Market News Briefs: 3M Company, Bank Of New York Mellon Corporation (The), Dover Corporation, Fortune Brands, Inc., Goldman Sachs Group, Inc. (The), Honeywell International Inc., PNC Bank Corp., Wal-Mart Stores, Inc.
- Morning News Notes: 1/29/2010
- Forex Trading: USDJPY Tests Resistance But Watch Support At 90.55 Area
- Fastest Economic Growth In Years
- Fastest Economic Growth In 4 Years
- Juniper Networks Beats
- Municipal Meltdown: Teacher Pensions, Bondholder Coupons, Go To Court
- AZN Misses, Guidance Disappoints
- Gold: Up Or Down From Here
- Nokia Surprises In Fourth Quarter
- Forex Trading: GBPUSD Moves Toward Last Friday’s Lows
- Microsoft Rides High On Windows 7
- Sunoco Logistics Profit Drops
- Earnings Preview: Heart Of Earnings, Jobs In Focus
- Stock Buy: Olin Corporation
| Low Risk Trading Setups Explained For Gold And Stocks Posted: 30 Jan 2010 05:45 AM PST I thought I would put this more detailed report on finding and trading low risk setups for gold, silver, oil indexes etc…. In short it does not matter what time frame you trade with or if you trade exchange traded funds, futures contracts or CFD’s (contract of difference). This type of trading setup works for virtually every investment but I mainly focus on trading: Gold Futures, Gold ETFs, Gold CFD’s, and the SP500 & Dow 30 futures, ETF’s and CFD’s as I find they are very accurate and … [visit site to read more]
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| Forex Trading: U.S. Dollar’s Longer-Term Outlook Looks Bright Posted: 30 Jan 2010 01:51 AM PST The U.S. Dollar closed out the month of January sharply higher as aggressive buyers helped the Greenback surge to the upside following Friday morning’s better than expected U.S. GDP report. The report, which blew out forecasts, encouraged traders to buy with both hands as investor sentiment turned more optimistic toward a strong U.S. economic recovery.
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| Top 5 Economic Graphs For The Week Ended 30 January 2010 Posted: 30 Jan 2010 01:50 AM PST The past week saw important updates on several key economies. First up is US GDP figures, showing an acceleration of the inventory cycle and stimulus led recovery. Then we look at a far slower recovery in the UK (if you can even call it a recovery), then review some much stronger figures from one of the Asian tigers. Then we look at Japan; considering how this week’s trade, inflation, and employment data feed into the current picture and outlook for Japan. The theme to take from the … [visit site to read more]
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| The Gold And Silver Bull Market: Instant Gratification Or Complete Apathy? Posted: 29 Jan 2010 05:45 PM PST The financial markets have millions of people competing for profitable trades but unfortunately their natural instinct gets in the way of the final goal. Through evolution these investors are programmed to proceed (buy stocks) when they are feeling confident and run (sell) when they are scared. The result of this “basic instinct” mentality is the classic, buy high and sell low, losing trade. It is our opinion that the average investor falls into one of the following two … [visit site to read more]
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| Beware Of A Bubble In Bond ETFs Posted: 29 Jan 2010 05:01 PM PST Shaken by the financial debacle of 2008, jumpy investors turned to bonds and related exchange traded funds (ETFs) to safeguard what was left of their wealth. The problem with this scenario is that investors aren’t letting go of bonds, despite the changing investment atmosphere. The Federal Reserve opted to leave interest rates unchanged for now, so the risk is low at this point. But as the economic recovery continues along, the risk that rates will rise is a very real one and if you’re … [visit site to read more]
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| Economic Events For The Trading Week Jan 31 - Feb 5 Posted: 29 Jan 2010 04:01 PM PST With the Fed’s monetary policy decision behind us, the U.S. Non-Farm Payrolls and the G7 meeting along with three interest rate announcements from the Reserve Bank of Australia, the Bank of England, and the European Central Bank will take the center stage in what could become another pivotal week ahead for equities, commodities and currencies. In preparation for the new trading week, here is a quick look at the most important economic events that every currency trader should pay attention … [visit site to read more]
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| The Federal Budget Is Not The Biggest Loser Posted: 29 Jan 2010 03:00 PM PST On the TV show, overweight contestants take vigorous measures to lose excess weight, by cutting back on calories and increasing healthy exercise… all in pursuit of a cash prize. If only the feds were able to undertake a similarly austere strategy.
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| Daily ETF Roundup: GDX Sinks, VXX Rises Posted: 29 Jan 2010 02:16 PM PST After posting strong early gains, markets finished the week in the red as weakness in the mining and technology sectors and concerns over Europe weighed on investors. "The pattern has been to sell into the weekend, wait for sovereign risk and sovereign default news in Europe, and if it doesn't happen, the relief rally begins." said Robert Francello, head of equity trading for Apex Capital in San Francisco.
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| Posted: 29 Jan 2010 02:14 PM PST Chubb Corporation's (CB) fourth quarter net income of $1.66 per share was ahead of the Zacks Consensus Estimate of $1.46. Results also compared favorably with the prior-year earnings of $1.58 per share. Results benefited from investment gains compared to investment losses last year.
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| Cartoon: Health vs Banking - A Balancing Act Posted: 29 Jan 2010 02:01 PM PST |
| Economic Recovery Period: When The Stock Market Notices The Depression Posted: 29 Jan 2010 02:00 PM PST Yesterday, the Dow was down 150 points the last time we checked it. And this morning, Asian stocks are falling again. China's stock market has fallen below its 200-day moving average – a bad sign.
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| Posted: 29 Jan 2010 02:00 PM PST Fortune Brands Inc. (FO) reported fourth quarter results before the opening bell today. The company swung to a net income of $11.5 million from a net loss of $281.3 million in the year-ago quarter. Excluding special items, earnings per share came in at 66 cents, which topped the Zacks Consensus Estimate of 51 cents derived from 9 covering analysts.
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| Video: NYSE Closing Bell Market Monitor: WMT, HON, CVX Posted: 29 Jan 2010 01:52 PM PST The latest in news, commentary, and information on what’s moving the US equities markets. … [visit site to read more]
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| Dover Sees End-market Recovery Posted: 29 Jan 2010 01:43 PM PST Dover Corporation (DOV) reported fourth quarter earnings of 55 cents per share, beating the Zacks Consensus Estimate of 48 cents. However, third quarter EPS was down 39.6% year-over-year.
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| Posted: 29 Jan 2010 01:28 PM PST CA Inc. (CA) reported third quarter 2010 EPS of 43 cents, exceeding the Zacks Consensus Estimate of 42 cents.
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| Video: “U.S. 4Q GDP Blew Socks Off Of Expectations” Posted: 29 Jan 2010 01:27 PM PST |
| Burger King Set To Beef Up… Just Not Enough To Tempt Us Posted: 29 Jan 2010 01:18 PM PST Burger King Holdings (NYSE: BKC) just can't hold up to the competition.
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| Posted: 29 Jan 2010 01:11 PM PST Guilt by association may be a buying opportunity for shares of CTS
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| Newsflash: Ron Paul Loves Liberty Posted: 29 Jan 2010 12:58 PM PST When Dr. Paul delivered a one-hour speech Wednesday night in a small auditorium at this editor's alma mater – Loyola University in Maryland – we knew what to expect. His message is a familiar one, and perhaps one of Dr. Paul's more endearing qualities is that his message rarely changes. If you've ever seen him on TV or heard him speak, you might as well have been there with us. There was no big news, or announcements, or changes in policies. The man wants liberty, and that's … [visit site to read more]
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| The Changing Composition Of GDP Posted: 29 Jan 2010 12:41 PM PST With the release of the first cut at the 4Q GDP, it is worth taking a look at what the overall composition of GDP looks like, and how it has changed over time. GDP is equal to the sum of spending by the Consumer, business Investment, Government and Exports, minus Imports, or to put into the famous equation: GDP = C + I + G + (X – M).
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| Emerging Market Consumers: These Companies Are Set To Profit Posted: 29 Jan 2010 12:31 PM PST Whether Wall Street analysts and individual investors know it or not, emerging market consumers have a growing appetite for quality goods, a fact that big name brands took notice of quite a while ago.
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| Posted: 29 Jan 2010 12:24 PM PST PACCAR Inc. (PCAR) has posted a profit of $57.5 million or 16 cents per share (excluding special items), compared to $113.1 million or 31 cents per share in the same quarter of 2008. With this, the company outdid the Zacks Consensus Estimate of 7 cents per share. Net sales and financial service revenues declined 23% to $2.24 billion.
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| Posted: 29 Jan 2010 12:20 PM PST The next flight to dollar safety may very well be faster and more violent than the first.
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| Posted: 29 Jan 2010 12:06 PM PST Newell Rubbermaid Inc. (NWL), the maker of Sharpie pens, Calphalon cookware and Rubbermaid containers, reported fourth quarter and full-year 2009 recurring earnings of $0.27 and $1.31 per share respectively, compared to recurring earnings of $0.11 and $1.21 in the same period in 2008. The recurring quarterly earnings were in line with the Zacks Consensus Estimate while the fiscal recurring earnings marginally missed the Zacks Consensus Estimate by a penny.
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| Posted: 29 Jan 2010 11:48 AM PST Sandisk's (SNDK) fourth quarter 2009 earnings of $1.18 per share exceeded the Zacks Consensus EPS by 56 cents. This apart, the company's results were … [visit site to read more]
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| Posted: 29 Jan 2010 11:31 AM PST Honeywell International Inc. (HON) reported fourth quarter 2009 earnings from continuing operations of 91 cents per share, exceeding the Zacks Consensus Estimate of 90 cents. Fourth quarter sales were $8.1 billion versus $8.7 billion in 2008.
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| Invesco Misses View, Profit Swells Posted: 29 Jan 2010 11:18 AM PST Invesco Limited's (IVZ) fourth-quarter earnings came in at 25 cents per share, 3 cents short of the Zacks Consensus Estimate of 28 cents. However, this compares favorably with the earnings of 8 cents in the prior-year quarter.
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| A Growing Share Of Americans’ Income Comes From The Government Posted: 29 Jan 2010 11:17 AM PST While most eyes were focused on the better-than-expected gross domestic product data for last year’s fourth quarter, this week’s report from the Commerce Department’s Bureau of Economic Analysis also included details on U.S. personal income.
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| Why You Should Ignore New ETF Filings Posted: 29 Jan 2010 11:01 AM PST The old saying says, “Don’t believe everything you read.” While this is good advice, investors today have a bigger problem: News that is accurate but irrelevant. I see this all the time as I track the ETF industry. Just about every week - and sometimes several times a week - I receive breathless news like “So-and-so has filed for an ETF to track the price of kangaroo milk in New Guinea!” Will this be the next ETF? OK, that wasn’t a real story, but I hope you get the point. … [visit site to read more]
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| Posted: 29 Jan 2010 11:01 AM PST Danaher Corp. (DHR) reported fourth-quarter earnings from continuing operations of $1.08 per share, which excludes additional restructuring charges, beating the Zacks Consensus Estimate of $1.
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| Chevron Misses On Weak Refining Posted: 29 Jan 2010 10:56 AM PST Chevron Corporation (CVX) posted weaker-than-expected fourth-quarter 2009 earnings, pulled down by sharply lower downstream results on the back of depressed refining margins. This was partially offset by higher commodity prices and growing production in its upstream segment.
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| Posted: 29 Jan 2010 10:44 AM PST This morning, Celgene Corp. (CELG) reported fourth quarter and full year results for fiscal 2009.
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| Video: Market Movers: MOT, ORLY, BKD, BKC, DGX Posted: 29 Jan 2010 10:38 AM PST The latest news and information on U.S. stocks that are moving the market. … [visit site to read more]
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| Janus Capital Beats By A Penny Posted: 29 Jan 2010 10:27 AM PST Janus Capital Group Inc.'s (JNS) fourth-quarter earnings per share came in at 20 cents, a penny higher than the Zacks Consensus Estimate of 19 cents, primarily due to higher average assets under management (AUM) and decreased operating and interest expenses. This also came in significantly higher than the 15 cents reported in the sequential quarter and 12 cents in the year-ago quarter. Net income was $37 million, compared to $8.2 million in the sequential quarter.
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| Forex Trading: EURUSD May Have Seen The Bottom. 200 Week MA And Channel Trendline Tested At The Lows Posted: 29 Jan 2010 10:24 AM PST A reader of our blog informed me that the EURUSD tested the 200 week moving average at the 1.3857 level. The low for the day reached 1.3862 and the channel trendline we have been following came in at 1.3860. As a result, the low may be in place for the day. Look for buyers on dips now, with stops below the 1.3858 … [visit site to read more]
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| Posted: 29 Jan 2010 10:12 AM PST American Electric Power Company Inc. (AEP) released stable fourth quarter results before the opening bell yesterday. In the reported quarter, the company beat the Zacks Consensus Estimate of 46 cents by four cents with an EPS of 50 cents. The uptrend was witnessed in fiscal 2009 performance where EPS of $2.97; comfortably beat the Zacks Consensus EPS Estimate of $2.95. However, the numbers for the reported period fell short of the year-ago quarter and fiscal 2008 by 9 cents and 27 cents … [visit site to read more]
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| Looking For A Bright Spot? Productivity Growth May Be America’s Secret Weapon Posted: 29 Jan 2010 10:01 AM PST The U.S. employment picture isn’t pretty. At 10%, the unemployment rate is at its highest level in nearly three decades, and it’s expected to move higher. American employers cut 4.2 million jobs last year, and nearly 15.3 million people are unemployed. Those bemoaning the increase in U.S. joblessness are right to do so. But they should also remember that unemployment is a direct result of the U.S. economy’s greatest strengths - its ability to grow productivity even in a recession. The … [visit site to read more]
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| Where The GDP Growth Came From Posted: 29 Jan 2010 10:00 AM PST When looking at the GDP report, and trying to look at what is driving growth, it is important to keep in mind that now all parts of GDP are of equal size, and thus equal importance. Furthermore, some parts of GDP tend to be very stable, while others can swing wildly.
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| Video: USD Extends Gains Vs. Majors Posted: 29 Jan 2010 09:59 AM PST The U.S. dollar extended gains against the EUR.GBP, and JPY. EUR/USD declined below $1.39 level. … [visit site to read more]
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| Posted: 29 Jan 2010 09:57 AM PST Coal producer CONSOL Energy Inc. (CNX) posted earnings from continuing operations of 78 cents per share in the fourth quarter, higher than the Zacks Consensus Estimate of 74 cents but below the 97 cents reported a year ago. The better-than-expected results came on the back of increased thermal coal realizations, while the decrease versus last year was due to lower thermal coal production, lower metallurgical coal production and lower gas prices. Net revenue in the quarter decreased … [visit site to read more]
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| Posted: 29 Jan 2010 09:54 AM PST Science and technology have produced many wondrous breakthroughs. But there are some things it cannot improve. A kiss from natural lips is still the lover's choice. Baby formula proved no match for the real thing. Ersatz money is a flop too. That last item is not so much a fact as a prediction.
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| Forex Trading: EURCHF Has Also Soared Higher, But Reaction Is Still Muted. Posted: 29 Jan 2010 09:45 AM PST The EURCHF has also soared higher moving above the 100 and 200 hour MAs at the 1.4709/18 levels. Look for support against these levels now. A move below 1.4698 would not be welcomed.
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| Textron Tops, Outlook Disappoints Posted: 29 Jan 2010 09:42 AM PST Textron Inc. (TXT) posted a narrower GAAP net loss of $63 million, compared to a loss of $209 million in the year-ago quarter. Excluding certain special items, earnings per share came in at 15 cents, which surpassed the Zacks Consensus Estimate of 9 cents derived from 10 covering analysts.
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| The Dependency Ratio: Use This Number To Find The Best International Investments Posted: 29 Jan 2010 09:37 AM PST Friday, January 29, 2010: Issue #1186
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| Forex Trading: USDCHF Breaks Through The 200 Day MA For The First Time Since May 2009 Posted: 29 Jan 2010 09:33 AM PST The level was broken at 1.0552, and the price screams up to a high of 1.0642. Next longer term resistance level comes in at 1.0699 where the 38.2% of the move from the 2009 high to the November 2009 low. There is a report in the market that the Bank of International Settlement is in the market. The timing corresponding with the 200 day MA and the Friday afternoon liquidity is a sneak attack of the highest magnitude seemingly designed to get the biggest … [visit site to read more]
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| Forex Trading: USDJPY Fighting Through The 90.40 Area, But 90.55 Looms Above Now Posted: 29 Jan 2010 09:30 AM PST The USDJPY has a battle going on with the 90.40 area and it seems a move above is winning. The level corresponds with the 38.2% of retracement of the days trading range and is also where the 100 bar MA on the 5 minute chart is found. The price has moved up to 90.43 but each time the price has been pushed back down, until just recently. A break above still has resistance at the 90.55 level which was a triple top from the last week or so of trading. Look for intraday sellers to … [visit site to read more]
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| Housing Market Faces A Lost Decade Posted: 29 Jan 2010 09:30 AM PST For all the ink spilled in the mainstream media over up and down fluctuations in real estate, the idea of a coming lost decade in the housing market finally sounds about right.
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| Goodrich Gives Lackluster Results Posted: 29 Jan 2010 09:27 AM PST Goodrich Corp. (GR) reported a 37.4% year-over-year decline in fourth quarter earnings from continuing operations to $105.5 million. Earnings per share came in at 83 cents per share, which was well below the Zacks Consensus Estimate of 89 cents. The company, which supplies aerospace components, stated that sales declined 3.1% to $1.6 billion from $1.7 billion in the year-ago period. The decrease was primarily caused by adverse impact of current economic conditions on the company’s … [visit site to read more]
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| Swiss Franc: Continuation Of The Rebound Posted: 29 Jan 2010 09:18 AM PST |
| Canadian Dollar: Continuation Of The Rebound Posted: 29 Jan 2010 09:18 AM PST |
| Japanese Yen: The Upside Prevails Posted: 29 Jan 2010 09:18 AM PST |
| British Pound: The Upside Prevails Posted: 29 Jan 2010 09:18 AM PST |
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| Posted: 29 Jan 2010 09:12 AM PST Occidental Petroleum Corporation (OXY) posted better-than-expected numbers for fourth quarter and fiscal 2009 driven by higher production volumes. Net income from continuing operations was $1.30 per share, higher than the Zacks Consensus Estimate of $1.23 and last year's net income of $1.18. The company's earnings of $3.78 per share for full year 2009 were above the Zacks Consensus Estimate of $3.71 but below last year's earnings of $8.94. Daily oil and gas sales volumes … [visit site to read more]
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| Mid-Term Elections In 2010 And The Stock Market Posted: 29 Jan 2010 09:01 AM PST I have to admit, it’s kind of eerie. I wrote “The Importance of S&P 1150 Can’t be Overstated” on January 19 and, since then, the market has dropped 5.71% in just seven trading days. Furthermore, if the market declines Friday, another domino in the line (the 100-day moving average) will fall. Some relief may be on the way, however. With some trepidation, I remind those who believe in the lunar cycle theory as it relates to the stock market that this “bearish” phase ends this weekend … [visit site to read more]
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| Posted: 29 Jan 2010 08:57 AM PST 3M Company (MMM) reported earnings from continuing operations of $1.30 for the fourth quarter of 2009, beating the Zacks Consensus Estimate. Revenues for the quarter were $6.1 billion. Revenues increased over 11% year on year and the growth was very broad based. Every geographic region expanded the sales with notable performances in Asia Pacific at 22% and Latin America and Canada each at 19%. The company experienced double digit sales increases in nearly all business segments led by … [visit site to read more]
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| Forex Trading: USDJPY Falls Sharply As Stocks Give Up Some Gains And London Liquidates Posted: 29 Jan 2010 08:13 AM PST The USDJPY fell sharply falling through the support at 90.55 and falling to test the 200 hour MA at he 90.33 level. The low reached 90.26 in liquidation type selling and has since bounced back to 90.40 area. Will be watching the 90.55 level for upside resistance.
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| Amazon Profits Up As Margins Slide Posted: 29 Jan 2010 07:53 AM PST Amazon.com's (AMZN) fourth quarter earnings beat the Zacks Consensus Estimate by 14 cents. AMZN’s results were driven by the very strong revenue growth characteristic of a recession-free fourth quarter. This is very encouraging, as Amazon.com appears to be one of the very few companies to report pre-recession type revenue growth in the December quarter. The company has a very strong earnings surprise history, with a four-quarter average of 23.58%, signifying that AMZN has beaten the Zacks … [visit site to read more]
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| Forex Trading: USDCAD Finds Support At 100 Hour MA But Quintuple Top Above Posted: 29 Jan 2010 07:49 AM PST The USDCAD is caught between some key levels.
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| Posted: 29 Jan 2010 07:45 AM PST ( click to enlarge ) (HEB) is trying to make a move to fill the gap from its sell-off on Dec 02. The stock hit a high of $0.75, which is resistance for today's move. Once the stock breaks through this level, the next resistance is $0.80, which was the high on the gap down day. HEB will be very volatile, so watch the stock closely and keep it on your screen throughout the day. Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The … [visit site to read more]
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| Video: NYSE Opening Bell Market Monitor: CVX, HON, MAT Posted: 29 Jan 2010 07:43 AM PST The latest in news, commentary, and information on what’s moving the US equities markets. … [visit site to read more]
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| Posted: 29 Jan 2010 07:42 AM PST SurModics (SRDX) reported first quarter fiscal 2010 earnings per share (EPS) of 11 cents, down from $1.53 in the year ago period. However, after adjustments, the EPS of 24 cents surpassed the Zacks Consensus Estimate by 5 cents. The company reported revenues of $17.4 million, down 72.5% from the corresponding period last year. The primary reason for the decline was the termination of the company's agreement with Merck (MRK). Revenues were down 9% on a sequential basis. SurModics opened … [visit site to read more]
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| Posted: 29 Jan 2010 07:40 AM PST Mattel Incorporated (MAT) reported fourth quarter earnings of 89 cents per share. Excluding a tax benefit in the quarter, the company has earned 81 cents per share. The results are well ahead of the Zacks Consensus Estimate of 68 cents. The company had earned 49 cents in the year-ago quarter. The better-than-expected results were primarily driven by strong sales of its Barbie dolls and Hot Wheels cars during the holidays. The company is also focused on controlling its expenses and has reaped … [visit site to read more]
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| Posted: 29 Jan 2010 07:31 AM PST Compuware Corporation (CPWR) reported revenues of $229.8 million in the third quarter of fiscal 2010, down 14.4% from a year ago. During the quarter, software license fees came in at $52.0 million, down 0.02% from a year ago, excluding divested products. Compuware earlier divested a few of its peripheral products and services (Quality family of products and DevPartner software). The company plans to concentrate on its software business and deliver superior end-to-end application … [visit site to read more]
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| Forex Trading: USDJPY Finding Some Resistance Fibo Resistance At The 90.90 Level. Posted: 29 Jan 2010 07:21 AM PST The 38.2% of the move down from the 2010 high at 93.75 comes in at 90.90 level. The price in the USDJPY has run into resistance at this level and looks poised to consolidate the gains. Key support remains at the 90.55 level where a triple top from the last week of trade is found. I would expect to see buyers against this level on dips as action pauses. The London /Europe close from 11:00 - noon has the potential to cause some volatility as positions squaring before the … [visit site to read more]
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| Posted: 29 Jan 2010 07:18 AM PST Avnet Inc. (AVT) reported revenues of $4.83 billion in the second quarter fiscal 2010, an increase of 13.2% year over year and 10% excluding the impact of changes in foreign currency exchange rates. On a pro forma (organic) basis, revenue was up 9.6% over the prior-year quarter.
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| Posted: 29 Jan 2010 07:17 AM PST Fundamentals
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| Grail Launches Two Active Bond ETFs Posted: 29 Jan 2010 07:14 AM PST Grail Advisors, known in the ETF world as the issuer responsible for the first actively-managed ETF that allowed managers total discretion, announced today the launch of two actively-managed fixed income ETFs. The Grail McDonnell Intermediate Municipal Bond ETF (GMMB) and the Grail McDonnell Core Taxable Bond ETF (GMTB) began trading on the NYSE Arca Exchange on Friday, bringing the total number of ETFs in Grail's product line to seven.
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| Posted: 29 Jan 2010 06:55 AM PST The US Dollar should outperform the Japanese Yen, which is on the cusp of a secular down trend. Figure 1 is a monthly chart of the USDJPY cross rate with the “next big thing” indicator in the lower panel. The “next big thing” indicator was developed to help identify those assets that are most likely to undergo a secular trend change from bear to bull. The indicator looks at those technical characteristics that are mostly frequently found at market bottoms prior to the change in trend. The … [visit site to read more]
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| Forex Trading: EURUSD Remains Contained This Morning. Posted: 29 Jan 2010 06:53 AM PST The low for the day was reached in the Far East sesssion at the 1.3911 level and the market has not been able to approach the level in the NY session. The price has reached a low 1.3918 and remain near the lows, but the sledding is rough so far. Action remains focused onthe USDJPY which is moving higher and the GBPUSD. EURGBP also continues its move higher from yesterday.
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| Posted: 29 Jan 2010 06:47 AM PST Amylin Pharmaceuticals (AMLN) reported a net loss of 32 cents per share in the fourth quarter of 2009, five cents wider than the Zacks Consensus Estimate of 27 cents. The company had reported a net loss of 37 cents in the year-ago quarter. For the full year 2009, net loss came in at $1.20, narrower than the Zacks Consensus Estimate of $1.22 and the year-ago net loss of $1.95.
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| Crown Castle Beats, Outlook Fails Posted: 29 Jan 2010 06:30 AM PST Crown Castle International Inc. (CCI) declared better than expected fourth quarter 2009 financial results. Quarterly net income was $13 million or 4 cents per share compared to a net loss of $69 million or a loss of 24 cents per share in the year-ago quarter. Fourth quarter EPS of 4 cents was significantly higher than the Zacks Consensus Estimate of a loss of one cent. This was primarily due to higher revenue and a net gain on interest rate swap. Quarterly net revenue was more than … [visit site to read more]
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| Posted: 29 Jan 2010 06:28 AM PST Honeywell (HON) reported a one penny fourth quarter earnings beat of 91 cents on revenues of $8.1 billion, just below Zacks estimates of $8.16 billion. The firm said it expects for 2010 earnings of $2.20 to $2.40 Dover (DOV) reported estimate-topping fourth quarter earnings of 55 cents up from Zacks estimates of 48 cents, on revenues of $1.5 billion, versus Zacks estimates of $1.45 billion Fortune Brands (FO) topped estimates with fourth quarter results of 66 cents … [visit site to read more]
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| Posted: 29 Jan 2010 06:20 AM PST The “Morning News Notes” as prepared by TL…GDP, MSFT earnings, S&P500 technicals, and yesterday’s performance by sector. Just click on the link or the coffee mug below. “Morning News Notes”: January 29, … [visit site to read more]
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| Forex Trading: USDJPY Tests Resistance But Watch Support At 90.55 Area Posted: 29 Jan 2010 06:19 AM PST The 61.8% of the move down from the January 21st high to the low reached on the 27th has 61.8% resistance at the 90.81 level and the mkt has stalled. However, the price has good support at the 90.55 level below. This level corresponds to the highs from the last week with a triple high at the level.
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| Fastest Economic Growth In Years Posted: 29 Jan 2010 06:17 AM PST U.S. economic growth appears to have moved on to a much faster trajectory in the last quarter of 2009, exactly a year after the Wall Street turmoil in the last quarter of the prior year. According to numbers released by the Commerce Department this morning, the U.S. economy grew at a faster-than-expected 5.7% rate in the final three months of 2009, handily beating the expected 4.8% growth rate. This was the fastest economic growth since the start of 2006. Not only is the headline … [visit site to read more]
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| Fastest Economic Growth In 4 Years Posted: 29 Jan 2010 06:17 AM PST U.S. economic growth appears to have moved on to a much faster trajectory in the last quarter of 2009, exactly a year after the Wall Street turmoil in the last quarter of the prior year. According to numbers released by the Commerce Department this morning, the U.S. economy grew at a faster-than-expected 5.7% rate in the final three months of 2009, handily beating the expected 4.8% growth rate. This was the fastest economic growth since the start of 2006. Not only is the headline … [visit site to read more]
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| Posted: 29 Jan 2010 06:15 AM PST Network equipment manufacturer, Juniper Networks Inc. (JNPR) posted strong fourth quarter results of 32 cents a share soundly beating both the Zacks Consensus EPS Estimate of 21 cents and the year-ago quarterly EPS of 27 cents. The upside was reflected in the annual results also where the company posted an EPS of 92 cents, towering above the Zacks Consensus Estimate of 67 cents. However, EPS fell 22% from $1.18 reported in 2008 due to a challenging macro economic environment. Juniper … [visit site to read more]
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| Municipal Meltdown: Teacher Pensions, Bondholder Coupons, Go To Court Posted: 29 Jan 2010 06:15 AM PST "While the Illinois Constitution protects vested pension benefits, that promise, like all the state's obligations, is only as good as its ability to pay."
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| AZN Misses, Guidance Disappoints Posted: 29 Jan 2010 06:00 AM PST Yesterday, AstraZeneca's (AZN) fourth quarter earnings came in at $1.42 per American Depositary Shares (ADS), well below the Zacks Consensus Estimate of $1.57. However, earnings increased 13.6% compared to the year-ago period. Revenues increased 4% at constant exchange rates (CER) to $8.9 billion compared to the same period last year. The primary reasons for the increase in revenues were strong US sales of Toprol-XL benefiting from the withdrawal of a generic, US sales of H1N1 … [visit site to read more]
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| Posted: 29 Jan 2010 05:50 AM PST “Gold Is the New Tupperware, And You’re Invited to the Party.” This headline appeared in the December 18th, 2009 edition of the Wall Street Journal (click here to get 80% off a subscription to the Wall Street Journal). Suddently, it seems everybody is talking about gold. Does this world-wide interest in the yellow metal indicate a top? Vince Veneziana of “The Business Insider” recently interviewed David Rosenberg of Gluskin Sheff in Toronto. Rosenberg thinks gold could move to $2623 … [visit site to read more]
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| Nokia Surprises In Fourth Quarter Posted: 29 Jan 2010 05:46 AM PST Nokia Corp. (NOK), the largest mobile phone manufacturer of the world, declared fourth quarter 2009 financial results, with net income up 60% year-over-year. This is primarily due to increasing market share in the high-end high-margin smartphone market coupled with effective cost-cutting measures taken by management. During the reported quarter, Nokia sold four new touch-screen smartphones in addition to its existing three touch-screen smartphones. Quarterly net income was … [visit site to read more]
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| Forex Trading: GBPUSD Moves Toward Last Friday’s Lows Posted: 29 Jan 2010 05:44 AM PST The GBPUSD has moved below trendline support as the dollar benefits on the better than expected GDP. The support comes in at the 1.6076 level which was the low price from last Friday. The low has reached 1.6083 so far. A break will next target 1.6062 - the low from January 12th. The low from January 11th comes in at 1.6046. Longer term, the low from the end of December extended to 1.5832. This would be a longer term target. On the topside now look for resistance at 1.6106/1.6111 area … [visit site to read more]
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| Microsoft Rides High On Windows 7 Posted: 29 Jan 2010 05:33 AM PST Microsoft Corporation (MSFT) reported second quarter 2010 earnings that beat the Zacks Consensus Estimate by 16 cents, or 27.12%. Revenue beat by 6.4%. MSFT’s revenue surprise was driven by growing attach rates and inventory builds for Microsoft’s Windows 7 operating system on consumer PC platforms. Eleven of the 32 analysts polled by Zacks have made upward revisions to their earnings estimates on MSFT over the past 30 days, as checks indicated very strong attach rates for the Windows 7 OS … [visit site to read more]
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| Posted: 28 Jan 2010 10:01 PM PST Sunoco Logistics Partners L.P. (SXL) – a master limited partnership (MLP) − announced weaker-than-expected fourth quarter results, hurt by lower earnings in the Crude Oil Pipeline System segment. The partnership reported earnings per unit (EPU) of $1.30, below the Zacks Consensus Estimate of $1.41. In the year-ago period, Sunoco Logistics earned $2.23 per unit. Quarterly revenue of $1.7 billion was up 6% from the year-earlier level, driven by higher crude oil prices.
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| Earnings Preview: Heart Of Earnings, Jobs In Focus Posted: 28 Jan 2010 09:00 PM PST Earnings Preview 1/29/10 Data on Personal Income and … [visit site to read more]
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| Posted: 28 Jan 2010 09:00 PM PST Olin Corporation (OLN) recently reported fourth-quarter results, which included earnings per share that topped the Zacks Consensus Estimate by 40%. The company also declared a dividend of 20 cents per share. It is the 333rd consecutive quarterly dividend paid by Olin and translates into an industry-leading yield of 4.7%.
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