Daily Markets - Financial News & Opinions |
- Will Greece Default On Its Debt, And Take The Eurozone Down With It?
- Swiss Franc: Continuation Of The Rebound
- Australian Dollar: The Bias Remains Bullish
- Canadian Dollar: Rebound
- Japanese Yen: The Upside Prevails
- British Pound: The Upside Prevails
- Euro: Bounce
- NET Servicos To Outperform
- First Solar Enters New Mexico
- Williams To Consolidate Operations
- Stock Market News Briefs: American Express Company, Bank Of America Corporation, Cadbury PLC, Citigroup Inc., Coach, Inc., Dow Chemical Company (The), Goldman Sachs Group, Inc. (The), Kraft Foods Inc., Morgan Stanley, Omnicom Group Inc., Pioneer Natural Resources Company, Piper Jaffray Companies, Tractor Supply Company
- US Bancorp Outdoes Expectations
- Scott Brown’s Upset Senate Election & Healthcare ETFs
- Supertex Beats Estimates
- Qualcomm To Underperform
- Schwab Misses By A Penny
- IBM Earnings Beat, In-Depth
- Stock Picks For 20 January
- Forex Trading: GBPUSD Falls Despite Better Employment Data Today But Holds Support.
- Talking Interest Rates, Mortgage Backed Securities And Banks With Taylor Cottam, CFA
- Forex Trading: EURUSD Tests The 38.2% Retracement Of 2009 Low To High Range
- Mutual Funds: Top T. Rowe Price Funds
- Mutual Funds: Top European Equity Funds
- Stock Buy: NutriSystem Inc.
- Stock Buy: JDA Software Group, Inc.
- Stock Buy: Gafisa SA
- Bear Of The Day: CVS Caremark (CVS)
- Bull Of The Day: Net Servicos S.A. (NETC)
- Stock Buy: Priceline.com
| Will Greece Default On Its Debt, And Take The Eurozone Down With It? Posted: 20 Jan 2010 07:45 AM PST As the European Commission holds its regular monthly meeting in Brussels this week, ministers find themselves debating what to do about the Greek debt crisis - the biggest credibility test the Eurozone has faced since the single currency was created. The question is whether the 16 countries that share the European Union’s (EU) currency can force a rogue member with a weak economy to take drastic measures to cut its budget deficit without calling in the International Monetary Fund (IMF) or … [visit site to read more]
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| Swiss Franc: Continuation Of The Rebound Posted: 20 Jan 2010 07:18 AM PST |
| Australian Dollar: The Bias Remains Bullish Posted: 20 Jan 2010 07:17 AM PST |
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| Japanese Yen: The Upside Prevails Posted: 20 Jan 2010 07:17 AM PST |
| British Pound: The Upside Prevails Posted: 20 Jan 2010 07:17 AM PST |
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| Posted: 20 Jan 2010 07:00 AM PST We upgrade our recommendation for NET Servicos de Comunicacao S.A. (NETC) to Outperform. Since 2005, the company has been posting impressive operating results, including continued growth in its subscriber base, increasing average revenue per user, strong growth in its broadband and voice service divisions, better cash flow generation, and continued growth in revenues. NET Servicos is pursuing a conservative cash management policy to ensure the implementation of its strategy of sustained … [visit site to read more]
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| Posted: 20 Jan 2010 06:45 AM PST First Solar Inc. (FSLR) has signed a contract with PNM Resources Inc. (PNM) to build 22 MW photovoltaic solar power plants in New Mexico. PNM Resources has to add 45 MW of utility-scale solar Photovoltaic capacity by 2011 in terms of its commitment to New Mexico's environmental, renewable energy and governmental organizations. First Solar expects to complete construction of the project by late 2011. PNM is a subsidiary of PNM Resources, an energy holding company based in … [visit site to read more]
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| Williams To Consolidate Operations Posted: 20 Jan 2010 06:30 AM PST Natural gas producer and pipeline firm Williams Companies (WMB) announced a $12 billion restructuring program whereby it will combine its pipeline and processing units to create one of the largest natural gas partnerships in the nation. According to the deal, Williams will sell pipeline assets in the Northeast, Gulf Coast and Rocky Mountain region to affiliate Williams Partners, L.P. (WPZ), which is primarily engaged in finding, producing, gathering, possessing and transporting … [visit site to read more]
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| Posted: 20 Jan 2010 06:26 AM PST Bank of America (BAC) reported a larger-than-expected fourth quarter loss of 60 cents a share ahead of Zacks expectations of 54 cents a share versus a 48 cents year-ago loss. Revenues rose 59%, helped by the Merrill acquisition, to $25.4 billion. Increased credit costs, lower net income and the $45 billion TARP repayment impacted results Fitch downgraded Kraft (KFT) and Cadbury (CBY) to BBB- after Kraft’s $19.6 billion takeover bid was accepted by Cadbury’s … [visit site to read more]
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| US Bancorp Outdoes Expectations Posted: 20 Jan 2010 06:22 AM PST US Bancorp (USB) has reported fourth quarter earnings of $602 million or 30 cents per share, 2 cents ahead of the Zacks Consensus Estimate. Results were driven by higher revenue. Results were flat compared to the prior quarter and up from the year-ago quarter when the company had earned $330 million or 15 cents.
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| Scott Brown’s Upset Senate Election & Healthcare ETFs Posted: 20 Jan 2010 06:19 AM PST Highlighting the increasingly fluid political landscape in Washington, a relatively unknown Republican state senator claimed the Massachusetts Senate seat previously held by Ted Kennedy on Tuesday. Scott Brown's upset victory over Martha Coakley, the state's attorney general who had been a heavy favorite just one month ago, not only humbled Democrats already expecting a handful of difficult races in 2010 but also imperiled the health care overhaul that seemed to be on the verge of becoming … [visit site to read more]
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| Posted: 20 Jan 2010 06:15 AM PST Supertex, Inc. (SUPX) reported net sales of $16.7 million, up 5% sequentially but down 5% year over year. The sequential growth came from all target markets. Headquartered in California, Supertex designs and sells high-voltage analog and mixed signal Integrated Circuits (IC) for the Medical Electronics, Imaging, Telecom, LED Lighting, and industrial/other markets. Total LED driver sales, including general lighting applications, grew to $4.4 million compared to $3.9 million in … [visit site to read more]
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| Posted: 20 Jan 2010 06:00 AM PST We downgrade our recommendation for Qualcomm Inc. (QCOM) to Underperform ahead of its first quarter fiscal 2010 financial results. According to our view, the ongoing global economic recession may generate earnings fluctuations in the near-term. The stock price has moved up more than 50% in the last one year and is currently trading at the high-end of its 52-week price range. With respect to several valuation metrics, the stock is also trading at a significantly higher multiple compared to … [visit site to read more]
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| Posted: 20 Jan 2010 05:45 AM PST Charles Schwab Corporation's (SCHW) fourth quarter fiscal 2009 earnings of 14 cents per share were a penny short of the Zacks Consensus Estimate. However, this compares unfavorably with earnings of 27 cents in the year-ago quarter. The earnings for the quarter were also consistent with Schwab's estimate in mid-December. The year-over-year decrease in earnings was due primarily to a 23.2% decline in net revenue to $986 million. Net revenue decreased primarily as a result of lower … [visit site to read more]
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| Posted: 20 Jan 2010 05:30 AM PST Guidance and Analysis International Business Machine's (IBM) fourth-quarter 2009 results were upbeat with better-than-expected revenue, margins and profitability. IBM won a spectacular amount of new services contract signings and raised its earnings forecast for 2010. We believe IBM's high margin recurring revenue business and increase in profitability due to cost cuts and new contract wins will be the main driver of growth in 2010. Furthermore, IBM's longer-term services … [visit site to read more]
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| Posted: 20 Jan 2010 05:15 AM PST ( click to enlarge ) (CIEN) broke out of a downtrend channel on Tuesday. The stock closed below highs, but could make another move today. Tuesday's high reflects resistance for this next upside move. If CIEN can break through resistance, we should see a strong upside move as traders buy up the stock. Technically the stock looks solid trading above its 20 and 50 day moving averages. My model is long, targeting 14.06 area. ( click to enlarge ) (OSIR) was one of the winners on … [visit site to read more]
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| Forex Trading: GBPUSD Falls Despite Better Employment Data Today But Holds Support. Posted: 20 Jan 2010 05:12 AM PST The GBPUSD has fallen today despite stronger than expected Employment released. The comments from King yesterday on how he sees inflation being contained, and the overall flight into the dollar has contributed to the fall in the pair.
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| Talking Interest Rates, Mortgage Backed Securities And Banks With Taylor Cottam, CFA Posted: 20 Jan 2010 04:45 AM PST Taylor Cottam, CFA, MBA and blogger at Economy Politics Biography: Taylor Cottam, has managed financial risk and traded fixed income products inside both GMAC bank and other financial institutions in Europe, North America and Canada. He has written about business and economic issues for prominent trade magazines and is the owner and principal contributor to www.economypolitics.com. He has published the 2010 Best to Invest Series at EconomyPolitics.com which focuses on Economic … [visit site to read more]
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| Forex Trading: EURUSD Tests The 38.2% Retracement Of 2009 Low To High Range Posted: 20 Jan 2010 04:45 AM PST The EURUSD is down testing the 38.2% retracement of the 2009 low to high range this morning at the 1.4117 level after another down day for the EURUSD.
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| Mutual Funds: Top T. Rowe Price Funds Posted: 19 Jan 2010 10:50 PM PST In our Best of Funds Family series, we are focusing today on funds from T. Rowe Price, one of the more prominent investment firms, which manages more than $366 billion in assets. We are spotlighting five funds here: two fixed-income funds (Corporate & National Municipal), two sectoral equity funds (Global and Non US) and one Growth/Income Equity Fund.
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| Mutual Funds: Top European Equity Funds Posted: 19 Jan 2010 10:28 PM PST Today we are featuring top-performing “European” equity mutual funds, which primarily invest in equity securities of companies based in Europe because emerging markets in Eastern Europe and the Mediterranean remain strong due to large foreign direct investment and high commodity prices. Developed markets are also on the verge of recovering from the financial crisis. P> Investors can find such European funds by checking out the entire list of the Zacks #1 Rank European Equity Funds.
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| Posted: 19 Jan 2010 09:00 PM PST NutriSystem Inc. (NTRI) is receiving industry recognition as analysts hike estimates. The Zacks Consensus Estimate shows earnings growth of 53% in 2010.
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| Stock Buy: JDA Software Group, Inc. Posted: 19 Jan 2010 09:00 PM PST JDA Software Group, Inc. (JDAS) recently hit a new 52-week high just above $28 on a bullish next-year estimate and strong Q3 results from late October.
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| Posted: 19 Jan 2010 09:00 PM PST Gafisa SA (GFA) is cashing in on Brazil’s growing need for housing as sales climbed in the third quarter. GFA has attractive valuations. It is trading at just 11.3x forward earnings.
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| Bear Of The Day: CVS Caremark (CVS) Posted: 19 Jan 2010 09:00 PM PST CVS Caremark’s (CVS) third quarter earnings came in at $0.65, a cent above the Zacks Consensus Estimate and higher than $0.60 reported in the year-ago period. Revenues increased 18.2% year over year to $24.6 billion driven by robust growth of both the Pharmacy Services and Retail Pharmacy segments.
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| Bull Of The Day: Net Servicos S.A. (NETC) Posted: 19 Jan 2010 09:00 PM PST We upgrade our recommendation for NET Servicos (NETC) to Outperform. Since 2005, the company has been posting impressive operating results, including continued growth in its subscriber base, increasing average revenue per user, strong growth in its broadband and voice service divisions, better cash flow generation and continued growth in revenues.
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| Posted: 19 Jan 2010 09:00 PM PST Priceline.com Inc. (PCLN) continued its impressive earnings history with another surprise. Analysts continue to raise estimates heading into the next report, which should be within the next few weeks.
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