Daily Markets - Financial News And Opinions

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• IMS Health Reports In Line « Zacks Investment Research »
• Morning News Notes: 2/10/2010 « Guy Lerner »
• Forex Trading: GBPUSD Has Been Under Pressure. Trades Below 100 Hour MA « Greg Michalowski »
• Five Defensive ETFs To Own When The Market Corrects « Michael Johnston »
• Harman Swings To Profit, Shares Up « Zacks Investment Research »
• Ten IShares ETFs Every Investors Should Know (But Most Don’t) « Michael Johnston »
• RenaissanceRe Beats On Revenues « Zacks Investment Research »
• Stock Market News Briefs: Air Products And Chemicals, Inc., Arcelor Mittal, Bank Of America Corporation, Citigroup Inc., Credit Suisse Group, Goldman Sachs Group, Inc. (The), J P Morgan Chase & Co, Massey Energy Company, Monsanto Company, Peabody Energy Corporation, Sprint Nextel Corporation, Tiffany & Co., Adobe Systems Incorporated, Baidu.com, Inc., Dell Inc. « Zacks Investment Research »
• Swiss Franc: Continuation Of The Rebound « Trading Central »
• British Pound: The Upside Prevails « Trading Central »
• Forex Trading: EURUSD Dominated By The Twists And Turns From The Greece Situation « Greg Michalowski »
• Euro: The Upside Prevails « Trading Central »
• Taubman’s Quarterly FFO Improves « Zacks Investment Research »
• Ghana May Kill Exxon Mobil’s $4 Billion Oil Deal « Money Morning »
• Talisman Energy Lags Estimates « Zacks Investment Research »
• CareFusion Beats Zacks Estimate « Zacks Investment Research »
• Forex Trading: USDJPY Moves Lower On Higher Trade Deficit « Greg Michalowski »
• Honda Joins Recall Parade « Zacks Investment Research »
• S&P Lowers Outlook On BofA And Citi « Zacks Investment Research »
• UK January Retail Sales Worst In 15 Years « Capitalists@Work »
• How To Profit From The Geothermal Energy Push « David Fessler »
• Mutual Funds: Top Delaware Funds « Zacks Investment Research »
• Mutual Funds: Top Non US Equity Funds « Zacks Investment Research »
• Stock Buy: AmeriCredit Corp. « Zacks Investment Research »
• Bull Of The Day: AMERCO (UHAL) « Zacks Investment Research »
• Bear Of The Day: Hain Celestial (HAIN) « Zacks Investment Research »
• Stock Buy: Reliance Steel & Aluminum Company « Tracey Ryniec »
• Stock Buy: Gulfport Energy Corp. « Michael Vodicka »
• Stock Buy: Best Buy Co., Inc. « Zacks Investment Research »
• Rydex Market Timers: Are Now Bearish! « Guy Lerner »

IMS Health Reports In Line « Zacks Investment Research » Posted: 10 Feb 2010 07:00 AM PST IMS Health (RX) reported fourth-quarter earnings per share (EPS) of 39 cents, in line with the Zacks Consensus Estimate. However, after adjusting for charges related to restructuring initiatives, asset impairment and others, EPS came in at 52 cents compared to 50 cents in the year-ago period. For the full year of 2009, IMS reported an EPS of $1.73 after adjustments compared to $1.70 in 2008.   Revenues during the reported quarter came in at $599.2 million, an increase of 3% compared to … [visit site to read more]

Morning News Notes: 2/10/2010 « Guy Lerner » Posted: 10 Feb 2010 06:52 AM PST The “Morning News Notes” as prepared by TL… Greece and Germany, Bank of England, Fed exit strategy, and the Pulse of Commerce Index (this is neat!). Just click on the link or the coffee mug below. “Morning News Notes”: February 10, … [visit site to read more]

Forex Trading: GBPUSD Has Been Under Pressure. Trades Below 100 Hour MA « Greg Michalowski » Posted: 10 Feb 2010 06:51 AM PST The GBPUSD is trading below the 100 hour MA after spiking higher earlier on the back of better economic data.  The BOE Inflation Report sent the pair back down however, as they lowered inflation and growth expectations.  This led to speculation that the central bank would have to pump more money into the system.  The BOE paused the 200 billion asset purchase program but may have to reinstate the measures in the future given the forecast. Of concern as well is the election in May … [visit site to read more]

Five Defensive ETFs To Own When The Market Corrects « Michael Johnston » Posted: 10 Feb 2010 06:47 AM PST Still scarred by memories of the not-so-distant recession, many investors have been spooked by recent volatility in equity markets, wondering if they should bail on the market before another double dip. But even fresher are the memories of the bull market of 2009, especially for those who regretfully watched from the sidelines as equity markets soared. The psychological battle between fear of loss and anxiety over the potential regret of missing out on another rally plays out differently for … [visit site to read more]

Harman Swings To Profit, Shares Up « Zacks Investment Research » Posted: 10 Feb 2010 06:45 AM PST Harman International Industries Inc.'s (HAR) second-quarter earnings beat the Zacks Consensus Estimate by $0.41. Shares were up 16.0% yesterday, in response to the news.   Revenue  Revenue of $937.5 million was up 23.8% sequentially and 24.0% year over year. The results were a reflection of stronger demand across most end markets served by the company.  The Automotive segment generated 71% of revenue, a sequential increase of 23.0% and a year-over-year increase of 29.2%. … [visit site to read more]

Ten IShares ETFs Every Investors Should Know (But Most Don’t) « Michael Johnston » Posted: 10 Feb 2010 06:38 AM PST San Francisco-based iShares, which was acquired by BlackRock from Barclays last year, has more than 180 U.S.-listed ETFs. But the distribution of assets is far from even across these funds. At the end of 2009, the ten largest iShares ETFs–only about five percent of the issuer's product line–accounted for 50% of total assets. So there's obviously a lot more to the iShares product line than the handful of mega-tickers–(IVV), (EFA), (TIP), and (AGG), just to name a few–that … [visit site to read more]

RenaissanceRe Beats On Revenues « Zacks Investment Research » Posted: 10 Feb 2010 06:30 AM PST RenaissanceRe Holdings Ltd.'s (RNR) fourth-quarter operating earnings of $2.82 per share were substantially ahead of the Zacks Consensus Estimate of $2.47. This also compares much favorably with operating earnings of 47 cents in the year-ago quarter.   The better-than-expected results were primarily aided by substantially higher revenues and lower expenses. Also, a relatively low level of insured catastrophe losses, favorable development on prior year reserves and solid … [visit site to read more]

Stock Market News Briefs: Air Products And Chemicals, Inc., Arcelor Mittal, Bank Of America Corporation, Citigroup Inc., Credit Suisse Group, Goldman Sachs Group, Inc. (The), J P Morgan Chase & Co, Massey Energy Company, Monsanto Company, Peabody Energy Corporation, Sprint Nextel Corporation, Tiffany & Co., Adobe Systems Incorporated, Baidu.com, Inc., Dell Inc. « Zacks Investment Research » Posted: 10 Feb 2010 06:25 AM PST  Bank of America (BAC) upgraded Dell (DELL) to “buy” from “neutral,” with the price target raised to $18 from $16.50  Adobe (ADBE) was upgraded by analysts at Credit Suisse (CS) from “neutral” to “outperform,” with the price target raised to $39.50 from $35  Peabody Energy (BTU) was raised by analysts at JP Morgan (JPM) to “overweight” from “neutral” with a price target of $50, while Massey Energy (MEE) was cut to “neutral” from “overweight” with a $43 price … [visit site to read more]

Swiss Franc: Continuation Of The Rebound « Trading Central » Posted: 10 Feb 2010 06:18 AM PST Update on supports and resistances. … [visit site to read more]

British Pound: The Upside Prevails « Trading Central » Posted: 10 Feb 2010 06:17 AM PST Update on supports and resistances. … [visit site to read more]

Forex Trading: EURUSD Dominated By The Twists And Turns From The Greece Situation « Greg Michalowski » Posted: 10 Feb 2010 06:17 AM PST Needless to say there is many crosswinds from the EU/Greece situation.   The Pavlovian reaction is if there is a bailout, the EURUSD goes up.  No bailout the EURUSD goes down.  What happens after a final decision - which brings into the forefront the moral hazard debate- is what is of a concern for traders.  For me, the risks are increased measurably and as we saw yesterday the sudden risks can be very dangerous and above all increase fear which we all know is a … [visit site to read more]

Euro: The Upside Prevails « Trading Central » Posted: 10 Feb 2010 06:17 AM PST Update on supports and resistances. … [visit site to read more]

Taubman’s Quarterly FFO Improves « Zacks Investment Research » Posted: 10 Feb 2010 06:15 AM PST Taubman Centers, Inc. (TCO), a real estate investment trust (REIT), reported strong fourth quarter 2009 results with FFO (fund from operations) of 56 cents per share compared to an FFO loss of 57 cents in the year-earlier quarter. Fund from operations, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income, while adjusted FFO excludes the impairment and restructuring charges. For full year … [visit site to read more]

Ghana May Kill Exxon Mobil’s $4 Billion Oil Deal « Money Morning » Posted: 10 Feb 2010 06:01 AM PST The government of Ghana may kill Exxon Mobil Corp.’s (XOM) plans to buy a $4 billion stake in a giant offshore oil discovery from Kosmos Energy LLC. The move could help China expand its growing presence in the region through its state-owned oil company China National Offshore Oil Corp. (CEO). Ghanaian Energy Minister Joe Oteng-Adjei sent a letter to Exxon last week informing the company that the government wouldn’t approve the deal with Kosmos. The letter said the government is “unable … [visit site to read more]

Talisman Energy Lags Estimates « Zacks Investment Research » Posted: 10 Feb 2010 06:00 AM PST Canadian energy explorer Talisman Energy Inc. (TLM) reported weaker-than-expected fourth quarter results, hampered by depressed natural gas prices. Earnings per share from continuing operations, excluding one-time items, came in at 7 Canadian cents (7 cents), below the Zacks Consensus Estimate of 14 cents and the year-ago earnings of 49 cents. However, revenue of C$1.2 billion was up 2.9% from the fourth quarter 2008 level.   Earnings Surprise Trend  It was the company's third … [visit site to read more]

CareFusion Beats Zacks Estimate « Zacks Investment Research » Posted: 10 Feb 2010 05:45 AM PST CareFusion Corporation (CFN) recently reported second quarter fiscal 2010 earnings per share of 39 cents, marginally beating the Zacks Consensus Estimate of 38 cents, but lower than the year-ago earnings of 50 cents.   Total revenues in the second quarter increased 5% year over year to $1.0 billion. Growth was witnessed across all business segments.   Critical Care Technologies revenues increased 1% year over year to $682 million as a result of higher demand for the company's … [visit site to read more]

Forex Trading: USDJPY Moves Lower On Higher Trade Deficit « Greg Michalowski » Posted: 10 Feb 2010 05:40 AM PST The higher US Trade Deficit has led to a fall in the USDJPY.  The price has moved below the trendline support and the 100 hour MA at the 89.53 level. These levels will now become upside resistance levels for the pair. Yesterday's low was 89.15.  This will be a target on the downside for the pair.  It also was low levels from Monday's trade as well (89.13 was the low on … [visit site to read more]

Honda Joins Recall Parade « Zacks Investment Research » Posted: 10 Feb 2010 05:39 AM PST Following top automaker Toyota Motor Corp.’s (TM) foray into massive automotive safety recalls, Honda Motor Co. (HMC), Japan’s second biggest automaker, is heading down a similar road. Honda has recalled 437,000 vehicles on top of a recall of 514,200 vehicles last year due to a problem related to air bag inflators. The additional recall includes 378,000 cars in the U.S., about 41,000 cars in Canada and 17,000 cars in Japan, Australia and elsewhere in Asia. The recall — about 952,000 … [visit site to read more]

S&P Lowers Outlook On BofA And Citi « Zacks Investment Research » Posted: 10 Feb 2010 05:30 AM PST In view of concerns about the U.S. government’s keenness to further support key financial institutions in a way that benefits debt holders, Standard & Poor’s (S&P) Ratings Services on Tuesday cut its ratings outlooks on Bank of America Corporation (BAC) and Citigroup Inc. (C) to negative from stable.   According to a credit analyst of S&P, as the economy has started stabilizing, the U.S. government is seeking ways to reduce the systemic risk and potential vulnerability … [visit site to read more]

UK January Retail Sales Worst In 15 Years « Capitalists@Work » Posted: 10 Feb 2010 05:01 AM PST UK like for like sales fell by 0.7% on the previous year {rise of 1.1%} reports KPMG BRC retail. The cause was primarily the weather which shut down the tail end of the January sales and ended an latent desire for consumerism. Even food, which had a bumper start to January with panic buying, fell away once the heavy snow came. Clothing and footwear made a partial recovery, people finding that summer shoes and T/shirts are far from ideal winterwear but understandably homewares and … [visit site to read more]

How To Profit From The Geothermal Energy Push « David Fessler » Posted: 10 Feb 2010 04:31 AM PST Geothermal energy isn’t a new concept in the United States. It’s actually been around for some time, with numerous geothermal power plants in California, Nevada and a few other western states. There are new plants on the drawing board, too. Unfortunately, the recession has stifled the construction progress on many of them. But all that’s about to change. Thanks to a few key technological developments - and a big cash infusion from the government - the stars are aligning to produce the … [visit site to read more]

Mutual Funds: Top Delaware Funds « Zacks Investment Research » Posted: 09 Feb 2010 10:23 PM PST With more than $130 billion in funds under management, Delaware Investments has it origins in an investment advisory firm founded in 1929. The company launched its first mutual fund in 1938 and its institutional business is more than 30 years old. From asset management services and retirement plans to mutual funds and insurance products for individuals, Delaware offers a wide range of products and services to its customers. Below we will share with you 5 top rated Delaware funds. Each has … [visit site to read more]

Mutual Funds: Top Non US Equity Funds « Zacks Investment Research » Posted: 09 Feb 2010 10:13 PM PST Non U.S equity funds represent an exciting opportunity for domestic investors, most of whose portfolios consist entirely of U.S based securities. A world of investment opportunities are available abroad, especially in emerging markets, which continue to grow at a rapid pace despite the recent economic downturn. However, such investments carry unique liquidity risks and therefore mutual funds can provide the best way to invest safely in this sector. Below we will share with you 5 top rated … [visit site to read more]

Stock Buy: AmeriCredit Corp. « Zacks Investment Research » Posted: 09 Feb 2010 09:00 PM PST AmeriCredit Corp (ACF) easily surpassed expectations in its latest earnings report, which has sent shares soaring. Company Description AmeriCredit Corp. provides auto financing through dealerships in the U.S. Currently, ACF has about $9 billion in receivables from 800,000 customers. Another Huge Surprise AmeriCredit reported second-quarter results on Jan 27 that showed an 18% increase in originations, to $379 million. Net income came in at $46 million, which breaks down to 22 cents per … [visit site to read more]

Bull Of The Day: AMERCO (UHAL) « Zacks Investment Research » Posted: 09 Feb 2010 09:00 PM PST AMERCO (UHAL) is the parent company of U-Haul International, the largest consumer truck rental company in the world. It is also the second largest self-storage company in North America. The impact of the decline in housing and a decrease in apartment occupancy rates appears to have ended. Third quarter transactions improved as the quarter progressed. Based on a low valuation of EBITDAL and discounting the aforesaid factors, we continue to rate the stock Outperform with a price target of … [visit site to read more]

Bear Of The Day: Hain Celestial (HAIN) « Zacks Investment Research » Posted: 09 Feb 2010 09:00 PM PST The recent economic downturn has been exerting pressure on consumer disposable incomes triggering a shift in focus from higher priced organic products to cheaper private label brands. Consequently, retailers and distributors are being compelled to reduce inventories, thus exerting pressure on sales growth at The Hain Celestial Group (HAIN). Moreover, in the natural and organic foods market, Hain Celestial faces intense price competition from big players, which could also negatively impact the … [visit site to read more]

Stock Buy: Reliance Steel & Aluminum Company « Tracey Ryniec » Posted: 09 Feb 2010 09:00 PM PST Reliance Steel & Aluminum Company (RS) recently provided fourth quarter earnings guidance much higher than the Zacks Consensus. Is this a sign that the global recovery is taking hold? Company Description Reliance Steel provides metals processing services through more than 200 locations in 38 states, and several countries including Mexico, China, South Korea and Canada. Its products include galvanized, hot-rolled and cold-finished steel, stainless steel, aluminum, brass, copper, titanium … [visit site to read more]

Stock Buy: Gulfport Energy Corp. « Michael Vodicka » Posted: 09 Feb 2010 09:00 PM PST Gulfport Energy Corp. (GPOR) recently hit a new 52-week high at $12.86 on a bullish next-year estimate of 100% as energy prices remain in elevated territory. Company Description Gulfport Energy Corp. engages in the exploration and production of oil and natural gas mostly in the Louisiana Gulf Coast with interests in various other properties in west Texas and Permian Basin. The company has a market cap of $416 million. Third-Quarter Results Gulfport helped its cause in early November with … [visit site to read more]

Stock Buy: Best Buy Co., Inc. « Zacks Investment Research » Posted: 09 Feb 2010 09:00 PM PST Best Buy Co., Inc. (BBY) saw robust sales in December. Revenue of $8.5 billion was up 13% year-over-year. The gain can in part be attributed to a jump of 8.2% in comparable store sales. Company Description Best Buy Co., Inc. is a multinational retailer of technology and entertainment products and services. The Best Buy family of brands and partnerships collectively generates more than $45 billion in annual revenue. Bullish Outlook Best Buy, which was the subject of recent brokerage upgrades, … [visit site to read more]

Rydex Market Timers: Are Now Bearish! « Guy Lerner » Posted: 09 Feb 2010 06:10 PM PST Figure 1 is a daily chart of the S&P500. The indicator in the lower panel measures the ratio of the amount of assets in the Rydex bullish and leveraged funds relative to those funds that are bearish and leveraged. Figure 1. S&P500/ daily/ Rydex Bullish and Leveraged v. Bearish and Leveraged The current value of the indicator stands at 0.93 suggesting that the Rydex market timers are now bearish, and this is a bullish signal. See yesterday’s strategy piece on how this signal is … [visit site to read more]

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