Daily Markets - Financial News & Opinions |
- General Mills Stock Has Shown Its Short-Term Value And Is Still A Long-Term Winner
- Brooks Automation (NASDAQ:BRKS) — Shares “Smacked” Down On Analyst Downgrade
- Eaton Beats Estimates
- EFII Misses By A Penny
- Forex Trading: AUDUSD Consolidates With 0.9092 Providing The Ceiling
- GATX Loses On Low Freight Rates
- Skyworks Delivers Solid Quarter
- Positive Opinion For Glaxo Drug
- ETF Update: Look To Japan For Lower Risk Investing
- The Natural Order Of Credit Cycle Correction
- New Nordstrom Rack For Chicago
- Will Iraqi Oil Deals Boost Energy ETF?
- ProLogis Obtains Euro Loan
- Follow Up To EWJ And JOF
- Swiss Franc: Continuation Of The Rebound
- Australian Dollar: Bounce
- Canadian Dollar: Continuation Of The Rebound
- Japanese Yen: The Upside Prevails
- British Pound: The Upside Prevails
- Euro: Bounce
- Ford-UAW Dispute Continues
- Forex Trading: GBPUSD Moves Back Higher And Tests The Days Highs
- Picture Du Jour: Are US Consumers Spending And Borrowing?
- The Worst Housing Flip Of All Time
- Panera’s Robust Earnings Outlook
- Allegheny Energy To Issue Notes
- Video: Bernanke Boosts Risk Appetite
- Initiating Fastenal At Neutral
- The Smart Grid/Enernet Initiative: The First Great Infrastructure Project Of The 21st Century
- Video: Market Movers: BCS, AKS, CAL, STI
- AK Steel Beats Expectations
- Moderate Initially On ITW
- Chart Of The Week: Weekly iShares FTSE/Xinhua China 25 Index (FXI)
- How Long Have We Really Been In A Bear Market?
- Praxair Expands To Costa Rica
- Target Sets Growth Targets
- Existing Homes Sales Plunge
- T. Rowe Price Enters India
- Sealed Air Meets Expectations
- Marc Faber: White House Should Let Markets Work
- MoneyGram Allies In China
- China’s Economy Is Overtaking Japan’s, Here’s What It Means To You
- Quest Beats, Guides In-Line
- Family Dollar Ups Dividend
- The Mini-Rally For Currencies Continues
- Forex Trading: EURUSD Non - Trending With 1.4155 Area A Top. A Break Of 1.4128 Eyed.
- ICICI Bank’s Profit Increases
- Auxilium Earns Milestone
- Forex Trading: GBPUSD Moves Back Above The 200 Day MA. Eyes The 100 Hour MA Resistance Now.
- U.S. Drilling Climbs Again
- Video: Ericsson’s 4Q Profit Plunges 92% , Announces Job Cuts
- President Obama And The Volcker Rule = Job Creation? NO!
- Seven Surprising ETF Trading Stats
- JAVA-ORCL Gets OK From EU
- Video: Investors Trying To Prop Market Following Last Week’s Drop
- Positive Results For Masimo
- Video: NYSE Opening Bell Market Monitor: ETN, HAL, AKS
- Video: Asian Markets Kick Off A New Week In The Red
- Entergy Issues Guidance
- Halliburton Beats
- Bank ETFs In Focus Following Obama Plan
- Forex Trading: USDJPY Falls After Weaker Existing Home Sales Data
- Comic Of The Day: Wall Street Fat Cats
- Washington Federal Falls Short
- Microsemi Sees Stronger 2010
- China Passes Japan To Become World’s Second Largest Economy
- Stock Market News Briefs: Eaton Corporation, Halliburton Company, Quest Diagnostics Incorporated, Schlumberger N.V., Wal-Mart Stores, Inc., Google Inc.
- Stock Index Bulls Run For Cover As Banking Plan Is Announced
- To Start Your Day…1/25/2010
- 2010 Bank Failures Tally Reaches 9
- Will Stocks Rebound From Last Week’s Sharp Tumble?
- Market Bullish On Apple Pre-Earnings
- Forex Trading: USDCAD Holds Trendline Support Today And Moves Back Above The KEY 100 Day MA.
- Forex Trading: USDJPY Watching The 100 Day MA At The 90.33 Level
- Forex Trading: GBPUSD Tests 200 Day MA (and Other Resistance) And Comes Off
- “Volcker Rule” Socks Bank Trading, Funding For Hedge funds And Private Equity
- The First Thing Penny Stock Traders Should Know In 2010
- Forex Trading: EURUSD Pushes Back Above The 100 Hour MA Today
- Why The Gold Bubble Will Top At $2,000 In 2010
- Stock Buy: Nu Skin Enterprises Inc.
- Stock Buy: Starbucks Corp.
- Stock Buy: Starbucks Corp.
- Stock Buy: Western Digital Corp.
- Stock Buy: Gymboree Corporation
- Bear Of The Day: JPMorgan Chase (JPM)
- Bull Of The Day: Parker Hannifin (PH)
| General Mills Stock Has Shown Its Short-Term Value And Is Still A Long-Term Winner Posted: 25 Jan 2010 01:01 PM PST On May 26, 2009, I recommended buying shares of General Mills Inc. (GIS) stock. Investors who took my advice then would have paid about $52.61 for the stock, which is currently trading at $70.96 a share, resulting in a gain of about 35%. The stock at the time had been neglected and offered a very compelling risk-reward situation, especially considering the market conditions. But the market often takes some time to recognize tremendous opportunities that to others seem obvious. That … [visit site to read more]
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| Brooks Automation (NASDAQ:BRKS) — Shares “Smacked” Down On Analyst Downgrade Posted: 25 Jan 2010 01:00 PM PST In a previous position at a technology publication we closely followed companies like Brooks Automation, due to the automation, vacuum, and instrumentation solutions it provides to the semiconductor and related industries. So, today's recent Citigroup analyst downgrade caught my eye. The negative perspective resulted from chip inventory that may be building up too quickly based on seasonal trends, and greater than expected capital expenditures early this year.
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| Posted: 25 Jan 2010 12:59 PM PST Electrical equipment maker Eaton Corporation (ETN) reported fourth quarter earnings of $1.35 per share, beating its own guidance of $1.15-$1.25 and the Zacks Consensus Estimate of $1.23. Quarterly earnings also increased 25% from the year-ago profit of $1.08 per share.
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| Posted: 25 Jan 2010 12:40 PM PST Electronics For Imaging Inc. (EFII) recently posted fourth quarter net loss of $3.4 million or 7 cents per share, compared to a loss of $104.5 million or $2.03 per share in the year-ago period, which included a goodwill and asset impairment charge of $111.9 million. The quarterly result also came in behind the Zacks Consensus Estimate for a loss of 6 cents per share.
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| Forex Trading: AUDUSD Consolidates With 0.9092 Providing The Ceiling Posted: 25 Jan 2010 12:34 PM PST The AUDUSD has consolidated for the second straight day (non -trending) and this has allowed the 100 hour Moving average some time to catch up with the price. The price has been below the 100 hour moving average since breaking below at 0.9258 on January 19th last week. The move has pushed the pair to a low at 0.8982 in the process.
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| GATX Loses On Low Freight Rates Posted: 25 Jan 2010 12:22 PM PST GATX Corporation's (GMT) fourth quarter earnings of 35 cents per share were a couple of pennies below the Zacks Consensus Estimate of 37 cents. A year ago, the company had reported a profit of 58 cents. GATX, which provides transportation assets to rail companies, witnessed a drain in earnings due to a weak rail market coupled with low freight rates.
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| Skyworks Delivers Solid Quarter Posted: 25 Jan 2010 12:11 PM PST Skyworks Solutions, Inc. (SWKS) reported revenues of $245.1 million in the first quarter of fiscal 2010, up 17% year over year and surpassed management's guidance range of $238 million – $242 million.
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| Positive Opinion For Glaxo Drug Posted: 25 Jan 2010 12:04 PM PST Last week, GlaxoSmithKline (GSK) and Denmark-based Genmab received good news with the European Medicines Agency's (EMEA) Committee for Medicinal Products for Human Use (CHMP) issuing a positive opinion for Arzerra (ofatumumab), a monoclonal antibody. GlaxoSmithKline is seeking approval for the use of Arzerra to treat patients with chronic lymphocytic leukemia (CLL), a cancer of the blood and bone marrow.
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| ETF Update: Look To Japan For Lower Risk Investing Posted: 25 Jan 2010 12:01 PM PST In a wild and volatile week for equity markets, there was really no place to hide. Anyone who owned stocks experienced significant losses. Is it time to bail out, or are there still attractive opportunities in ETF’s? Our analysis shows a genuine opportunity in Japan, not just a “safer place” to park money. Background Each week we provide a list of sectors emphasizing those that we expect to have the best performance over the next three weeks. ETF investors can check out the … [visit site to read more]
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| The Natural Order Of Credit Cycle Correction Posted: 25 Jan 2010 12:00 PM PST Is this it? Is this the beginning of the end?
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| New Nordstrom Rack For Chicago Posted: 25 Jan 2010 11:53 AM PST Nordstrom Inc. (JWN), a leading fashion specialty retailer, recently announced plans to open a new 36,000 square feet Nordstrom Rack on East Chicago Avenue between North Michigan Avenue and North Rush Street.
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| Will Iraqi Oil Deals Boost Energy ETF? Posted: 25 Jan 2010 11:39 AM PST On Monday, news of coordinated bomb attacks in Baghdad made headlines around the world, highlighting the ongoing violence that continues to grip Iraq. Also on Monday, the government reported that the man known as "Chemical Ali," one of the most ruthless allies of Saddam Hussein, was executed for crimes against humanity. Receiving far less attention was a development in the country that could have a major impact on the Iraqi economy and the global crude oil market.
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| Posted: 25 Jan 2010 11:29 AM PST ProLogis (PLD), a leading global provider of distribution facilities, has recently obtained European property funds totaling €622 million, collateralized by various assets in France, Germany, Belgium, Italy, Spain, Poland and the U.K. The financing has a weighted average rate of 4.91%.
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| Posted: 25 Jan 2010 11:23 AM PST In the last 6 weeks, I have highlighted the i-Shares MSCI Japan Index Fund (symbol: EWJ) and the Japan Smaller Capitalization Fund (symbol: JOF). Since December 17, 2009, EWJ is up 4% while the S&P500 is essentially flat over that same time period. Since January 21, 2010, JOF is up a couple of percent in an otherwise crappy tape. Technically, the set up for higher sustainable prices is there, but fundamentally, Japan may be “the most hated market in the globe” according to comments made … [visit site to read more]
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| Swiss Franc: Continuation Of The Rebound Posted: 25 Jan 2010 11:18 AM PST |
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| Canadian Dollar: Continuation Of The Rebound Posted: 25 Jan 2010 11:18 AM PST |
| Japanese Yen: The Upside Prevails Posted: 25 Jan 2010 11:18 AM PST |
| British Pound: The Upside Prevails Posted: 25 Jan 2010 11:17 AM PST |
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| Posted: 25 Jan 2010 11:07 AM PST Leaders of United Auto Workers (UAW) have voted to protest Ford Motor Co.'s (F) decision to restore some benefits for white-collar workers. They claimed that the automaker's move would violate its contract with the union after the union workers had made concessions. However, a Ford spokesperson has revealed that the decision is a part of the company's commitment to reinstate the white-collar benefits once its finances improved.
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| Forex Trading: GBPUSD Moves Back Higher And Tests The Days Highs Posted: 25 Jan 2010 11:02 AM PST
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| Picture Du Jour: Are US Consumers Spending And Borrowing? Posted: 25 Jan 2010 11:01 AM PST The two graphs below come courtesy of Investment Tools (via the Dow Theory Letters). Consumer credit outstanding
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| The Worst Housing Flip Of All Time Posted: 25 Jan 2010 10:59 AM PST Back in the height of the bubble, just three short years ago, this plot of land, glass and concrete represented the biggest real estate deal in US history: World's biggest foreclosure?
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| Panera’s Robust Earnings Outlook Posted: 25 Jan 2010 10:49 AM PST The earnings outlook for Panera Bread Company (PNRA) remains strong ahead of its quarterly results next month. While the prospects of many of its peers continue to be weighed down by the weak economic environment, the upscale bakery chain last week reported robust same-store sales for the fourth quarter.
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| Allegheny Energy To Issue Notes Posted: 25 Jan 2010 10:45 AM PST Allegheny Energy Inc.'s (AYE) subsidiary Trans-Allegheny Interstate Line Company (TrAILCo) will issue $450 million aggregate principal amount of 4.0% unsecured notes due 2015. TrAILCo will also enter a new $350 million, three-year unsecured revolving credit facility concurrently with the closing of the notes offering. TrAILCo will use the net proceeds from the notes, together with funds from the new credit facility, to repay all amounts outstanding under its existing credit … [visit site to read more]
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| Video: Bernanke Boosts Risk Appetite Posted: 25 Jan 2010 10:26 AM PST Growing speculation that Federal Reserve Chairman Ben Bernanke will be confirmed for a second term has paved the way for investors to favor higher-yielding currencies this session. … [visit site to read more]
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| Initiating Fastenal At Neutral Posted: 25 Jan 2010 10:22 AM PST We have initiated coverage on Fastenal Co. (FAST) with a Neutral recommendation and a target price of $45.
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| The Smart Grid/Enernet Initiative: The First Great Infrastructure Project Of The 21st Century Posted: 25 Jan 2010 10:20 AM PST Monday, January 25, 2010: Issue #1182
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| Video: Market Movers: BCS, AKS, CAL, STI Posted: 25 Jan 2010 10:20 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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| Posted: 25 Jan 2010 10:16 AM PST Shares of AK Steel Corporation (AKS) gained more than 6% after the company reported a net income of $39.8 million or 36 cents per share in the fourth quarter of 2009, in contrast to a net loss of $430.6 million or $3.87 per share for the fourth quarter of 2008. Reported earnings were ahead of the Zacks Consensus Estimate of 20 cents. For the full-year 2009, AK Steel reported a net loss of $74.6 million, or 68 cents per share, compared to a net income of $4.0 million, or 4 cents per … [visit site to read more]
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| Posted: 25 Jan 2010 10:06 AM PST Illinois Tool Works Inc. (ITW), a manufacturer of a diversified range of industrial products and equipment, was recently initiated as "Neutral.”
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| Chart Of The Week: Weekly iShares FTSE/Xinhua China 25 Index (FXI) Posted: 25 Jan 2010 10:01 AM PST Investors who have been waiting for a significant VIX spike to signal a changing of the guard in investor sentiment finally got something to sink their teeth into last week. On the other hand, investors who have been watching China closely have seen a slowly deteriorating picture since about mid-November. In fact, FXI, the iShares FTSE/Xinhua China 25 Index (FXI), is now down 15.8% from its November high water mark and after declining sharply on large volume for the past two weeks is … [visit site to read more]
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| How Long Have We Really Been In A Bear Market? Posted: 25 Jan 2010 09:59 AM PST "It seems nothing can keep a bad market down," we opined last week, adding, "If this bounce goes much higher, we're going to have to review the laws of financial gravity."
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| Posted: 25 Jan 2010 09:51 AM PST Recently, Praxair, Inc. (PX) started its new air separation plant in San Jose, Costa Rica. In addition to meeting increasing demand for oxygen, nitrogen and argon from industrial and medical customers in Costa Rica, the new facility positions Praxair to supply distributors in Panama and the Caribbean market.
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| Posted: 25 Jan 2010 09:34 AM PST Target Corp. (TGT) stated that it will focus more on store renovations rather than new openings in 2010.
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| Posted: 25 Jan 2010 09:18 AM PST The National Association of Realtors reported this morning that in December Existing Homes Sales plunged 16.7% from November, to an annual rate of 5.45 million. That rate was, however, 15.0% below the extremely depressed 4.74 million rate in December 2008. While inventories also dropped (as is seasonally normal), falling 6.6% on the month and down 11.1% year over year, the bigger drop in sales meant the months of supply on the market increased to 7.2 months from 6.5 months in November.
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| Posted: 25 Jan 2010 09:17 AM PST On Jan 20, T. Rowe Price Group Inc. (TROW) announced the purchase of the 26% share of the Unit Trust of India Asset Management Company Ltd. (UTI AMC) and UTI Trustee Company Pvt. Ltd., for INR 6.5 billion or US$142.4 million. The deal was being mulled over by the management since Nov, 2009. The transaction was sealed post the Securities Exchange Board of India (SEBI) approval in India. As a part of the deal, State Bank of India, Life Insurance Corporation of India, Punjab National … [visit site to read more]
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| Posted: 25 Jan 2010 09:08 AM PST Sealed Air Corporation (SEE) posted third-quarter EPS of 40 cents, in-line the Zacks Consensus Estimate and slightly higher than the prior-year EPS of 39 cents. Through its stringent cost-control measures and global manufacturing strategy, the company managed to offset the impact of lower sales on its earnings.
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| Marc Faber: White House Should Let Markets Work Posted: 25 Jan 2010 09:01 AM PST The US administration’s interventions in the market will not solve problems and will bring about unintended consequences, Marc Faber, author and publisher of the Gloom, Boom & Doom Report, told CNBC on Friday.
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| Posted: 25 Jan 2010 09:00 AM PST Expanding its presence in China, on Jan 19, MoneyGram International Inc. (MGI) has announced its partnership with Bank of China, to enhance its money transfer service business by extending its service to the bank's 10,000 domestic branches across the country, over a period of time. Through this alliance, MoneyGram has added yet another strong Fortune 500 company to its global network. The partnership was confirmed after MoneyGram passed the six-month trial project that was carried across … [visit site to read more]
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| China’s Economy Is Overtaking Japan’s, Here’s What It Means To You Posted: 25 Jan 2010 08:50 AM PST Just as Japan's economy has been slumping over the past two decades, China's has been vigorously building steam. And, as Bill Emmott points out in an article today, it won't be long until Japan gets bumped down a notch and China takes its place as the world's second largest national economy after the US.
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| Posted: 25 Jan 2010 08:46 AM PST Quest Diagnostics' (DGX) fourth quarter earnings per share of 97 cents beat both the Zacks Consensus Estimate by a penny and the 87 cents reported in the year-ago period. Revenues for the quarter increased 2.7% to $1.8 billion.
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| Posted: 25 Jan 2010 08:40 AM PST Family Dollar Stores Inc. (FDO), the operator of self-service retail discount store chains, recently boosted its quarterly dividend by 14.8%. The Board approved an increase in annual dividend to 62 cents (or 15.5 cents quarterly) from 54 cents a share (or 13.5 cents quarterly).
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| The Mini-Rally For Currencies Continues Posted: 25 Jan 2010 08:38 AM PST On Friday, the currencies kept with their mini-rebound versus the dollar – for the most part – as the Big Dog, euro (EUR) crept higher and higher, but in tiny, baby steps for sure! It's as if traders want to take the euro higher, and sell the dollar, but they just aren't sure right now…
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| Forex Trading: EURUSD Non - Trending With 1.4155 Area A Top. A Break Of 1.4128 Eyed. Posted: 25 Jan 2010 08:37 AM PST
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| Posted: 25 Jan 2010 08:29 AM PST ICICI Bank Limited's (IBN) 2010 fiscal third quarter (ended December 31) net earnings rose 6% sequentially to INR11.01 billion (US$237 million). The results were primarily driven by a decrease in loss provisions and reduced operating expenses.
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| Posted: 25 Jan 2010 08:20 AM PST Auxilium Pharmaceuticals, Inc. (AUXL) and Pfizer Inc. (PFE) recently announced that the review process of their Marketing Authorization Application (MAA) for Xiaflex has commenced in the European Union. Pfizer was informed by the European Medicines Agency (EMEA) that the Xiaflex MAA has completed the validation phase successfully resulting in the commencement of the review process on Jan 21, 2010. Auxilium is now eligible to receive a $15 million milestone payment from Pfizer based … [visit site to read more]
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| Forex Trading: GBPUSD Moves Back Above The 200 Day MA. Eyes The 100 Hour MA Resistance Now. Posted: 25 Jan 2010 08:18 AM PST
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| Posted: 25 Jan 2010 08:11 AM PST In its weekly release, Houston-based oilfield services company Baker Hughes Inc. (BHI) reported a rise in the U.S. rig count (number of rigs searching for oil and gas in the country), reflecting intensified drilling activity by the producers in response to higher commodity prices.
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| Video: Ericsson’s 4Q Profit Plunges 92% , Announces Job Cuts Posted: 25 Jan 2010 08:04 AM PST Wireless equipment maker LM Ericsson AB announced Monday that due to poor 4Q profit results, it will be slashing a,500 jobs this year. … [visit site to read more]
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| President Obama And The Volcker Rule = Job Creation? NO! Posted: 25 Jan 2010 08:01 AM PST Last Thursday, President Obama unveiled the toughest new restrictions yet on the nation’s largest banks in the aftermath of the financial crisis. The proposal is called the “Volcker Rule”, in recognition of the former Federal Reserve chairman, Paul A. Volcker, who has been pushing the proposal for months. Under the still sketchy Volcker Rule, referred to as “Glass-Steagall in spirit,” banks that take federally insured deposits or have the right to borrow from the Fed would be required to … [visit site to read more]
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| Seven Surprising ETF Trading Stats Posted: 25 Jan 2010 08:00 AM PST One of the best sources of information on the state of the ETF industry is the monthly data download from the National Stock Exchange. While the most interesting numbers are generally the fund flows into exchange-traded products and the issuer "totem pole," the release has some pretty thorough statistics on notional and share trading volumes. A closer look at the December version reveals some interesting insights about the ETF industry and sheds some light on a few interesting patterns … [visit site to read more]
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| Posted: 25 Jan 2010 08:00 AM PST Sun Microsystems, Inc. (JAVA) said that Oracle Corporation's (ORCL) acquisition of the company had been approved by the European Commission. While struggling to generate profit, its results not showing any spark and continuing to be hit hard by the recession, Sun Microsystems, Inc. announced it's acquisition by Oracle Corporation for $9.50 per share in cash in 2009. The transaction is valued at approximately $7.4 billion, or $5.6 billion net of Sun’s cash and debt. We believe … [visit site to read more]
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| Video: Investors Trying To Prop Market Following Last Week’s Drop Posted: 25 Jan 2010 07:43 AM PST According to floor trader Alan Valdes, following last week’s steep market selloff, it appears as if investors are starting off the new week by throwing some funds into blue chip stocks. … [visit site to read more]
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| Posted: 25 Jan 2010 07:40 AM PST Masimo Corporation (MASI) recently announced positive results form its 21-month clinical study on the impact of the Masimo Patient SafetyNet remote monitoring and clinician notification system. Results indicated that continuous pulse oximetry monitoring and clinician notification in post-surgical patients on the general floor leads to a significant drop in key clinical outcome measures, such as 65% fewer rescue events, 48% fewer ICU transfers and reduced annualized ICU time by 135 … [visit site to read more]
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| Video: NYSE Opening Bell Market Monitor: ETN, HAL, AKS Posted: 25 Jan 2010 07:40 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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| Video: Asian Markets Kick Off A New Week In The Red Posted: 25 Jan 2010 07:20 AM PST The major Asian/Pacific markets started a new week in the red following a decline in commodity-related stocks. … [visit site to read more]
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| Posted: 25 Jan 2010 07:20 AM PST Entergy Corporation (ETR) indicated that it expects fourth quarter 2009 earnings to be approximately $1.63 per share and operational earnings approximately $1.74 per share compared to its results of $0.89 per share and operational results of $0.99 per share in fourth quarter 2008. The company will report on Feb 2, 2010. Entergy expects an increase in fourth quarter 2009 operational earnings year-over-year due primarily to better results at Utility, Parent & Other segment, … [visit site to read more]
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| Posted: 25 Jan 2010 07:14 AM PST Halliburton Company (HAL) — one of the largest oilfield service providers in the world — reported marginally better–than-anticipated fourth-quarter results, benefiting from increased activity in North America. Earnings per share from continuing operations, excluding receivable settlement charge in Venezuela, came in at 28 cents, a penny above the Zacks Consensus Estimate.
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| Bank ETFs In Focus Following Obama Plan Posted: 25 Jan 2010 07:13 AM PST The Obama presidency took a turn towards increased government intervention in the private sector last week when the president stepped up his campaign against Wall Street and announced a far-reaching proposal for tougher regulation of the country's biggest banks. Backed by former Federal Reserve Chairman Paul Volcker, Obama put forth a plan designed to limit speculative activities by commercial banks and prevent financial institutions from becoming "too big to fail."
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| Forex Trading: USDJPY Falls After Weaker Existing Home Sales Data Posted: 25 Jan 2010 07:08 AM PST
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| Comic Of The Day: Wall Street Fat Cats Posted: 25 Jan 2010 07:01 AM PST |
| Washington Federal Falls Short Posted: 25 Jan 2010 07:00 AM PST Washington Federal's (WFSL) first fiscal quarter (ended Dec 31, 2009) earnings of 7 cents per share were a nickel short of the Zacks Consensus Estimate. This also compares unfavorably with the earnings of 23 cents in the year-ago quarter. The results continued to be impacted by higher credit costs. Provision for loan losses and loss on real estate acquired through foreclosures has substantially increased during the reported quarter. However, as a result of weakness in the industry, … [visit site to read more]
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| Posted: 25 Jan 2010 06:40 AM PST Microsemi Corporation's (MSCC) first quarter earnings for fiscal 2010 were in line with the consensus. Revenue The company reported revenue of $112.8 million, which was up 2.9% sequentially and down 13.6% year over year. Revenue was within management's guided range of a 1-4% increase. Revenue by Product Line and End Market Microsemi's Analog/Mixed Signal products cater to three end markets—mobile/connectivity, notebooks/LCD TVs/display and … [visit site to read more]
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| China Passes Japan To Become World’s Second Largest Economy Posted: 25 Jan 2010 06:30 AM PST This will be the talk of the markets in the far East this week. after over a century of being outshone by Japan. China will emerge as the largest economy in the far east. Not only bigger than Japan but every other country too except the United States. No doubt there will be more lengthy articles this week focusing on the how much this changes the political and economic balance of the world. My question is though, how can China avoid going the way of Japan? Japan had so much going … [visit site to read more]
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| Posted: 25 Jan 2010 06:26 AM PST Walmart (WMT) reported plans to cut about 11,200 jobs, or 10% of its Sam’s Club workforce Google (GOOG) co-founders, Page and Brin, are slated to sell $5.5 billion in company shares over the next five years Eaton (ETN) reported fourth quarter earnings of $1.25, two cents better than Zacks estimates on revenues of $3.1 billion, which topped Zacks estimates of $3.05 billion. The firm issued guidance of $3.70-$4.00 Quest Diagnostics (DGX) reported results one … [visit site to read more]
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| Stock Index Bulls Run For Cover As Banking Plan Is Announced Posted: 25 Jan 2010 06:17 AM PST Fundamentals
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| Posted: 25 Jan 2010 06:12 AM PST I am fortunate enough to have a good friend, TL, who sends me his excellently prepared “Morning News Notes” on a daily basis. He has graciously allowed me to reproduce them on the blog, and I hope to include this on a daily basis. Just click on the link or the coffee mug below. “Morning News Notes”: January 25, … [visit site to read more]
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| 2010 Bank Failures Tally Reaches 9 Posted: 25 Jan 2010 06:04 AM PST Regulators shut down 5 more banks in Florida, Missouri, New Mexico, Oregon and Washington; pushing up U.S. bank failures to 9 so far in 2010. Though the economy is showing signs of gradual recovery, bank failures continue unabated as U.S. regulators on Friday closed down five more banks in Florida, Missouri, New Mexico, Oregon and Washington. This takes the total number of bank failures to 9 in 2010, compared to 140 in 2009, 25 in 2008 and 3 in 2007. While the economy is showing … [visit site to read more]
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| Will Stocks Rebound From Last Week’s Sharp Tumble? Posted: 25 Jan 2010 06:01 AM PST Stocks slipped sharply in the past three days as the underlying market weakness we’ve been highlighting for the past two weeks finally mattered. A number of better-than-expected earnings reports were ignored. Even the successful election of a Republican to one of Massachusetts’ two Senate seats, which helped health-care stocks push the market up on Tuesday, wasn’t enough. Look at it this way: The sellers won a round, after being absolutely bludgeoned since last March. One of the key … [visit site to read more]
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| Market Bullish On Apple Pre-Earnings Posted: 25 Jan 2010 06:00 AM PST Apple Inc. (AAPL) rose 3.55% to $204.78 after hours ahead of its first-quarter of fiscal 2010 earnings. The company will report earnings today after the market close. As per the Zacks Consensus Estimate, Apple's earnings are expected to increase 17% to $2.08 in the first quarter from $1.78 in the year-ago period. Apple is widely recognized as a leading innovator in the personal computer and consumer electronics markets as well as a leader in the emerging market for the distribution … [visit site to read more]
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| Forex Trading: USDCAD Holds Trendline Support Today And Moves Back Above The KEY 100 Day MA. Posted: 25 Jan 2010 05:57 AM PST
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| Forex Trading: USDJPY Watching The 100 Day MA At The 90.33 Level Posted: 25 Jan 2010 05:24 AM PST A break above this level should lead to a further move to the upside with the 90.57 level being the next target on the pair. This is the 38.2% retracement resistance level … [visit site to read more]
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| Forex Trading: GBPUSD Tests 200 Day MA (and Other Resistance) And Comes Off Posted: 25 Jan 2010 05:02 AM PST Overnight the GBPUSD tested the 200 day MA at the 1.6175 level today (high 1.6173). This is a key level to hold and will continue to be watched to gauge the overall bearish bias for the GBPUSD. The market will remained biased to the downside on rallies against this key level. Finally, the 1.6175 area had upside resistance on the … [visit site to read more]
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| “Volcker Rule” Socks Bank Trading, Funding For Hedge funds And Private Equity Posted: 25 Jan 2010 05:01 AM PST The fallout from the “Volcker Rule,” President Barack Obama’s proposal to ban banks from making speculative investments that do not benefit their customers, rattled stock and bond markets last week as analysts panicked over the possible repercussions. At its heart, the plan would fundamentally change the banking industry, separating commercial banks from investment banks, a line that was muddled over a decade ago by the repeal of the Glass-Steagall Act. “Never again will the American … [visit site to read more]
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| The First Thing Penny Stock Traders Should Know In 2010 Posted: 25 Jan 2010 05:00 AM PST By Frank Curzio When the editors of DailyWealth asked me to write a series of essays about penny stocks – my beat in the market – I thought my intro would be a no brainer: Tell people how much money they can make when a stock goes from $5 a share to $30. After all, the reason I write a penny stock advisory is because of the big moves that are common in low-priced stocks. People love the idea of buying a boatload of shares for under $10 each and watching them climb hundreds of … [visit site to read more]
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| Forex Trading: EURUSD Pushes Back Above The 100 Hour MA Today Posted: 25 Jan 2010 04:39 AM PST The EURUSD pushed above the 100 hour MA today, continuing the correction started last Thursday. The price moved above the level for the 1st time since January 15th at the 1.4161 level and this pushed the price up to the high for the day at the 1.4193 level. The topside has resistance next at the trendline at the 1.4206 level currently. The next target on a break comes in at the 1.4239 level. The 200 day MA comes in at the 1.4294 level today. This is a key upside level that the … [visit site to read more]
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| Why The Gold Bubble Will Top At $2,000 In 2010 Posted: 25 Jan 2010 03:45 AM PST Gold surged over 60% in 2009, hitting new highs practically every week. But, who cares? We haven’t seen anything yet. This is just the beginning of one of the biggest gold rallies in history. Gold will easily hit $2,000 this year. That’s a 73% gain from current levels. But, make no mistake… Like any other bubble, this one will also eventually pop. So the time to get into gold is now. It’s going to be a wild ride. So hang on and get ready to make a fortune on gold in … [visit site to read more]
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| Stock Buy: Nu Skin Enterprises Inc. Posted: 24 Jan 2010 09:00 PM PST Nu Skin Enterprises Inc. (NUS) continues to see bullish estimates ahead of reporting in early February. Analysts polled by Zacks are forecasting earnings growth of 17% in 2010.
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| Posted: 24 Jan 2010 09:00 PM PST Starbucks Corp. (SBUX) just crushed Wall Street’s expectation by setting record earnings.
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| Posted: 24 Jan 2010 09:00 PM PST Starbucks Corp. (SBUX) just crushed Wall Street’s expectation by setting record earnings.
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| Stock Buy: Western Digital Corp. Posted: 24 Jan 2010 09:00 PM PST Western Digital Corp. (WDC) reported better than expected fourth-quarter results yesterday after the bell that easily beat analyst expectations.
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| Stock Buy: Gymboree Corporation Posted: 24 Jan 2010 09:00 PM PST Gymboree Corporation (GYMB) recently revised its earnings guidance for the fiscal fourth quarter which ends Jan 30. Earnings per share are now expected to be in the range of $1.03 to $1.06 which is higher than the prior guidance of 95 cents to $1.03.
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| Bear Of The Day: JPMorgan Chase (JPM) Posted: 22 Jan 2010 09:00 PM PST We are downgrading our rating on JPMorgan Chase (JPM) shares to Underperform.
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| Bull Of The Day: Parker Hannifin (PH) Posted: 22 Jan 2010 09:00 PM PST We are upgrading the recommendation on Parker Hannifin (PH) to Outperform with a $67 target price. We are encouraged that order trends have improved sequentially for the prior two consecutive quarters, indicating that the worst is behind the company.
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