Daily Markets - Financial News And Opinions

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• Jobs Data May Cloud Recovery « OptionsXpress »
• State Street Settles Suit « Zacks Investment Research »
• BNY Mellon Initiated As Neutral « Zacks Investment Research »
• Morning News Notes: 2/5/2010 « Guy Lerner »
• Weyerhaeuser Misses « Zacks Investment Research »
• Forex Trading: USD/CAD Puts The Brakes On After Big Morning Move « Greg Michalowski »
• FMC Beats Zacks Consensus « Zacks Investment Research »
• MEMC Misses, Sees Better Pricing « Zacks Investment Research »
• Stock Market News Briefs: Aetna Inc., Air Products And Chemicals, Inc., Airgas, Inc., Archer-Daniels-Midland Company, Best Buy Co., Inc., Coach, Inc., Deutsche Bank AG, Goldman Sachs Group, Inc. (The), KeyCorp, MetLife, Inc., Nordstrom, Inc., Tenneco Automotive, Inc., Weyerhaeuser Company « Zacks Investment Research »
• Dun & Bradstreet Quarter In-Line « Zacks Investment Research »
• Swiss Franc: Continuation Of The Rebound « Trading Central »
• Australian Dollar: Bounce « Trading Central »
• Canadian Dollar: Continuation Of The Rebound « Trading Central »
• Japanese Yen: The Upside Prevails « Trading Central »
• British Pound: The Upside Prevails « Trading Central »
• Euro: The Upside Prevails « Trading Central »
• Aetna Misses, Outlook Disappoints « Zacks Investment Research »
• Unemployment Rate Falls To 9.7% « Zacks Investment Research »
• Video: ECB’s Trichet Signals No Rate Hikes « NYFP »
• Innovative Ways To Hedge Your Portfolio In This Market « Everyday Finance »
• Vaccines Drive Glaxo’s Revenues « Zacks Investment Research »
• Sunoco Posts Wider Loss « Zacks Investment Research »
• S&P 500 Stock Market Trends For February 2010 « Hans Wagner »
• Mutual Funds: Top Ranked International Bond Funds « Zacks Investment Research »
• Bull Of The Day: Gilead Sciences (GILD) « Zacks Investment Research »
• Stock Buy: Gilead Sciences « Zacks Investment Research »
• Stock Buy: China Integrated Energy Inc. « Tracey Ryniec »
• Stock Buy: Ford Motor Co. « Michael Vodicka »
• Bear Of The Day: GameStop Corp. (GME) « Zacks Investment Research »

Jobs Data May Cloud Recovery « OptionsXpress » Posted: 05 Feb 2010 07:17 AM PST Fundamentals Stocks suffered heavy losses yesterday, after the initial claims showed an unexpected rise, signaling that the employment outlook for the economy may not be as strong as had previously been hoped. This news comes on the heels of a disappointing ADP employment report and news that the Labor Department is expected to make large downward revisions to previous payroll data, indicating that losses of US jobs may have been understated to the tune of 800,000. Traders may be bracing for … [visit site to read more]

State Street Settles Suit « Zacks Investment Research » Posted: 05 Feb 2010 07:09 AM PST State Street Corp. (STT) agreed on Thursday to pay investors over $300 million to settle allegations by federal and state regulators over misleading investors about its investments in subprime mortgages at the beginning of the credit crisis.   Under the terms of the settlement, State Street will pay about 270 investors. State Street will also pay a $10 million fine to both Massachusetts’ Attorney General’s office and the Secretary of State’s office.   According to the Securities … [visit site to read more]

BNY Mellon Initiated As Neutral « Zacks Investment Research » Posted: 05 Feb 2010 07:03 AM PST Recently, we initiated coverage on BNY Mellon Corp. (BK) with a Neutral recommendation. BNY Mellon's fourth-quarter earnings of 59 cents per share came in above the Zacks Consensus Estimate of 52 cents. The better-than-expected results were aided mainly by a lower provision for credit losses and higher assets under custody and administration.   In terms of credit quality, the company maintains a better profile than most of its banking peers, with the least exposure to consumer or … [visit site to read more]

Morning News Notes: 2/5/2010 « Guy Lerner » Posted: 05 Feb 2010 06:49 AM PST The “Morning News Notes” as prepared by TL…non-farm payrolls, Volcker rules, WSJ on US debt and credit rating, total equity fund flows, and fundamental items weighing on stocks. Just click on the link or the coffee mug below. “Morning News Notes”: February 5, … [visit site to read more]

Weyerhaeuser Misses « Zacks Investment Research » Posted: 05 Feb 2010 06:48 AM PST Weyerhaeuser Company (WY) reported a net loss of $109 million or 52 cents per share for the fourth quarter of 2009, compared to a net loss of $209 million or 99 cents in the same quarter of 2008. However, the reported loss per share was more than the Zacks Consensus Estimate of a loss of 39 cents. Net sales were $1.5 billion, down from $1.8 billion in the fourth quarter of 2008.   For the full year of 2009, Weyerhaeuser reported a net loss of $545 million, or $2.58 per share, down from … [visit site to read more]

Forex Trading: USD/CAD Puts The Brakes On After Big Morning Move « Greg Michalowski » Posted: 05 Feb 2010 06:47 AM PST The USD/CAD has slowed and turned back to the up side after a sharp move lower this morning. The pair hit support near the 1.0640 level just above the 100 and 200 moving averages as seen on the 1 hour chart. It was likely that profit taking was the cause of the quick stop as traders trading around the news announcement wanted to take profits and clear positions as we head into the weekend on the last day of trading. The USD/CAD had been in a range trading sideways since the first of Feb 2010. … [visit site to read more]

FMC Beats Zacks Consensus « Zacks Investment Research » Posted: 05 Feb 2010 06:40 AM PST FMC Corp. (FMC) reported results for the fourth quarter and full fiscal 2009. FMC's quarterly income stood at $68.9 million or 94 cents per share, from $75.4 million or $1.02 in the prior-year quarter. However, this was above the Zacks Consensus Estimate of 90 cents per share. Net income during full year 2009 was $304.1 million or $4.15, compared to $351.1 million or $4.63 in 2008. Reported EPS was slightly above the Zacks Consensus Estimate of $4.11.   Quarterly revenues of … [visit site to read more]

MEMC Misses, Sees Better Pricing « Zacks Investment Research » Posted: 05 Feb 2010 06:32 AM PST MEMC Electronic Materials' (WFR) fourth-quarter earnings missed the Zacks Consensus Estimate by 2 cents. The company's share price fell 17.5% in response to the news.   Revenues  Revenues of $356.7 million were up 15.1% sequentially and down 16.2% year over year. The primary reason for the sequential increase was higher semiconductor volumes, helped by slightly better prices and a one-month contribution of $3.8 million from the newly acquired SunEdison. Although … [visit site to read more]

Stock Market News Briefs: Aetna Inc., Air Products And Chemicals, Inc., Airgas, Inc., Archer-Daniels-Midland Company, Best Buy Co., Inc., Coach, Inc., Deutsche Bank AG, Goldman Sachs Group, Inc. (The), KeyCorp, MetLife, Inc., Nordstrom, Inc., Tenneco Automotive, Inc., Weyerhaeuser Company « Zacks Investment Research » Posted: 05 Feb 2010 06:25 AM PST  Air Products (APD) announced plans to acquire Airgas (ARG) for $60 per share, or $5.1 billion  Aetna (AET) reported earnings of 40 cents, two cent off estimates of 42 cents, on revenues of $8.7 billion, slightly better than the $8.65 billion expected. Below-Street guidance was provided at $2.55-$2.65  Aon (AON) topped estimates, posting at 96 cents ex-items versus projections of 81 cents on revenues of $2.1 billion  Weyerhaeuser (WY) missed estimates, … [visit site to read more]

Dun & Bradstreet Quarter In-Line « Zacks Investment Research » Posted: 05 Feb 2010 06:18 AM PST Dun & Bradstreet Corp. (DNB), a well-known provider of business information, reported fiscal fourth-quarter earnings before non-core gains and one-time charges of $1.75 per share, in line with the Zacks Consensus Estimate of $1.75 per share. EPS results decreased 6.4% from the year-ago profit of $1.87 per share.   Results for the full year 2009 were in line with the company's expectations, as the International segment performed above expectations, offset by the decline in North … [visit site to read more]

Swiss Franc: Continuation Of The Rebound « Trading Central » Posted: 05 Feb 2010 06:18 AM PST Update on supports and resistances. … [visit site to read more]

Australian Dollar: Bounce « Trading Central » Posted: 05 Feb 2010 06:18 AM PST Update on supports and resistances. … [visit site to read more]

Canadian Dollar: Continuation Of The Rebound « Trading Central » Posted: 05 Feb 2010 06:17 AM PST Update on supports and resistances. … [visit site to read more]

Japanese Yen: The Upside Prevails « Trading Central » Posted: 05 Feb 2010 06:17 AM PST Update on supports and resistances. … [visit site to read more]

British Pound: The Upside Prevails « Trading Central » Posted: 05 Feb 2010 06:17 AM PST Update on supports and resistances. … [visit site to read more]

Euro: The Upside Prevails « Trading Central » Posted: 05 Feb 2010 06:17 AM PST Update on supports and resistances. … [visit site to read more]

Aetna Misses, Outlook Disappoints « Zacks Investment Research » Posted: 05 Feb 2010 06:17 AM PST Aetna Inc. (AET) reported fourth quarter operating earnings per share (EPS) of 40 cents, missing the Zacks Consensus Estimate of 42 cents and was 58% lower than the 96 cents reported in the year-ago quarter. The primary reason for the decline was lower commercial underwriting margin, lower operating earnings in the Group Insurance business and an increase in pension expenses, partially offset by the lower number of outstanding shares. For the full year of 2009, operating EPS came in at … [visit site to read more]

Unemployment Rate Falls To 9.7% « Zacks Investment Research » Posted: 05 Feb 2010 06:11 AM PST While the number of jobs lost was relatively greater than expected, the overall unemployment rate came down to under 10%. There are other positives in today's report as well, particularly with respect to revisions, temporary hirings and length of work week. The Labor Department reported today that the U.S. economy shed 20,000 jobs last month, weaker than the expected 5,000 gain for the month. Importantly, the unemployment rate fell to 9.7% from 10% last month. The expectation was for the … [visit site to read more]

Video: ECB’s Trichet Signals No Rate Hikes « NYFP » Posted: 05 Feb 2010 06:07 AM PST European Central Bank President Jean-Claude Trichet said interest rates were “appropriate,” and signaled no immediate plans to tighten policy. … [visit site to read more]

Innovative Ways To Hedge Your Portfolio In This Market « Everyday Finance » Posted: 05 Feb 2010 06:01 AM PST Last week, I unveiled in great detail the results of an incredibly innovative and effective (IMHO) way to hedge a portfolio and provide double-digit annualized gains in any market (fine print: so long as there is not a prolonged multi-month sustained one-way trend). Thursday’s session was an excellent demonstration of what happens when you’re using Darwin’s paired short leveraged ETF strategy. In a down market day (S&P500 down 3%), the paired short pair portion actually gained $456. … [visit site to read more]

Vaccines Drive Glaxo’s Revenues « Zacks Investment Research » Posted: 05 Feb 2010 05:45 AM PST GlaxoSmithKline Plc. (GSK) reported fourth quarter earnings of $1.14 per American Depository Share (ADS), beating the Zacks Consensus Estimate by 2 cents and 39% above the year-ago earnings of 82 cents. For the full year, Glaxo reported earnings of $3.75 per ADS, well below the Zacks Consensus Estimate of $3.84 and the year-ago EPADS of $3.85.  Fourth quarter 2009 revenue increased 13% at constant exchange rates (CER), with pharmaceuticals and consumer healthcare growing 15% and 5%, … [visit site to read more]

Sunoco Posts Wider Loss « Zacks Investment Research » Posted: 05 Feb 2010 05:30 AM PST Oil refiner and marketer Sunoco Inc. (SUN) reported marginally weaker-than-expected fourth quarter results, as the challenging market environment continued to adversely impact the company's volumes and margins in its petroleum and the chemical businesses.  Loss per share, excluding special items, came in at 27 cents, a penny wider than the Zacks Consensus Estimate of 26 cents. In the year-ago period, the Pennsylvania-based company earned $2.68 per share. However, revenue of $9.0 … [visit site to read more]

S&P 500 Stock Market Trends For February 2010 « Hans Wagner » Posted: 05 Feb 2010 05:01 AM PST This is monthly chart for the S&P 500 showing 20 years of performance. Since this index is the one used by professional traders, it is important to understand how it is performing. This chart is also excellent at defining the longer term trends for the market. The bull market of the last five years broke down when the S&P 500 turned down through the 24-month exponential moving average. The bear market began when the index fell through the 24-month exponential moving average. Also, … [visit site to read more]

Mutual Funds: Top Ranked International Bond Funds « Zacks Investment Research » Posted: 04 Feb 2010 10:41 PM PST Even though the U.S. bond market holds great attraction for investors, it has figured only infrequently among the top-performing markets worldwide in the recent past. Investing in foreign bonds, therefore, enhances the prospects of exposure to the best-performing foreign markets. Foreign bonds can also help to diversify currency exposure and provide protection against a long-term secular decline in the dollar. Mutual funds are a convenient way to give one's portfolio the desired international … [visit site to read more]

Bull Of The Day: Gilead Sciences (GILD) « Zacks Investment Research » Posted: 04 Feb 2010 09:00 PM PST Gilead Sciences (GILD) reported another strong quarter with earnings per share coming in at $0.90, well above the Zacks Consensus Estimate of $0.82 and the year-ago quarter’s earnings of $0.59. For the full year, the company reported a 31% growth in revenues. We remain optimistic about growth of HIV/AIDS franchise drugs Truvada and Atripla. Earnings over the past few quarters have consistently been above expectations, specifically on strong sales of the HIV franchise products. Meanwhile, the … [visit site to read more]

Stock Buy: Gilead Sciences « Zacks Investment Research » Posted: 04 Feb 2010 09:00 PM PST Gilead Sciences, Inc (GILD) posted record sales last week and analysts continue to raise estimates. The double-digit growth rates are also coming at a great value. Company Description Gilead Sciences is a pharmaceutical company that makes new medicines for life-threatening diseases. Record-Setting Quarter On Jan 26 Gilead reported fourth-quarter results that included record sales of $1.8 billion, a 30% increase. Revenues came in just over $2 billion. This was a 42% increase and led to net … [visit site to read more]

Stock Buy: China Integrated Energy Inc. « Tracey Ryniec » Posted: 04 Feb 2010 09:00 PM PST China Integrated Energy, Inc. (CBEH) recently added 5 gas stations to its arsenal following its strategy to expand retail and distribution operations in 2010. CBEH is cheap, trading at just 8.06x forward earnings. Company Description China Integrated Energy distributes gasoline, petro-diesel and other petroleum products to retail customers throughout China, operates 12 retail gas stations in the Shaanxi Province, and produces alternative energy fuels at a bio-diesel facility with 100,000 ton … [visit site to read more]

Stock Buy: Ford Motor Co. « Michael Vodicka » Posted: 04 Feb 2010 09:00 PM PST Ford Motor Co. (F) is pressuring its 52-week high on a bevy of good news that includes a return to profitability in its recent Q4 results and strong January sales data. Company Description Ford Motor Company designs, manufactures and services cars and trucks worldwide. The company was founded in 1903 and has a market cap of $37 billion. Ford continued its upward ascent from the brink of financial collapse with excellent Q4 and full-year results on Jan 28 that saw the company swing back to … [visit site to read more]

Bear Of The Day: GameStop Corp. (GME) « Zacks Investment Research » Posted: 04 Feb 2010 09:00 PM PST The video game industry, of which GameStop Corp. (GME) is a part, surged ahead for a number of years but is now grappling with the recession. Heavy job losses and reduced access to credit markets have led to lower discretionary spending. This has resulted in lower demand for video game consoles and new software. Moreover, the cutthroat competition from big-box retailers is also weighing upon the company’s results. These unfavorable backdrops were evident from the company’s sluggish holiday … [visit site to read more]

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