Daily Markets - Financial News And Opinions |
- McAfee Numbers Show Promise « Zacks Investment Research »
- GOL’s Traffic Taking Off « Zacks Investment Research »
- Forex Trading: EURUSD Triggers Stops Above The 1.3600 Level. « Greg Michalowski »
- Forex Trading: AUDUSD In Between Support Off The 100 Hour Moving Average And The Key 0.8835 Level « Greg Michalowski »
- Omnicom Meets Zacks Consensus « Zacks Investment Research »
- Berkshire B Joining S&P 500 « Zacks Investment Research »
- Ten ETFs To Own If (When) The Fed Raises Rates « Michael Johnston »
- Highwoods’ FFO Increases « Zacks Investment Research »
- JA Solar Tops Consensus « Zacks Investment Research »
- Forex Trading: GBPUSD Tests 100 Hour MA And Falls. « Greg Michalowski »
- Motorola To Split « Zacks Investment Research »
- Swiss Franc: 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 »
- EnCana Net Drops Less Than Expected « Zacks Investment Research »
- Stock Market News Briefs: Clorox Company (The), Colgate-Palmolive Company, Credit Suisse Group, Deutsche Bank AG, Ingersoll-Rand Company, Marriot International, Procter & Gamble Company (The), Viacom, Inc. « Zacks Investment Research »
- Who Is Excessively Overconfident? « Jeffrey Miller »
- Cephalon Beats & Guides Higher « Zacks Investment Research »
- Forex Trading: USDJPY Moves Higher. Back Above The 100 Day MA. Extending The Days Range. « Greg Michalowski »
- Buffalo Wild Wings Misses Estimate « Zacks Investment Research »
- Further Tightening From China « Zacks Investment Research »
- Forex Trading: AUDUSD Tests Yesterday’s Corrective Lows « Greg Michalowski »
- Expedia Gets Volumes, Gives Profits « Zacks Investment Research »
- Forex Trading: EURUSD Pressured Lower On Poor Economic News/China « Greg Michalowski »
- Should Investors Avoid China Focused ETFs? « David Bettencourt »
- Why Gold Is Going To Recover Soon From This Correction « Neil Charnock »
- Mutual Funds: Top 5 T Rowe Price Funds « Zacks Investment Research »
- Mutual Funds: Top 3 Pacific Funds « Zacks Investment Research »
- Stock Buy: MAXIMUS, Inc. « Michael Vodicka »
- Stock Buy: Jo-Ann Stores Inc. « Tracey Ryniec »
- Stock Buy: Carter’s Inc. « Zacks Investment Research »
- Bear Of The Day: Electronic Arts, Inc. (ERTS) « Zacks Investment Research »
- Bull Of The Day: Estee Lauder Companies (EL) « Zacks Investment Research »
| McAfee Numbers Show Promise « Zacks Investment Research » Posted: 12 Feb 2010 07:07 AM PST McAfee Inc. (MFE) reported fourth quarter 2009 earnings per share of 64 cents, exceeding the Zacks Consensus Estimate of 48 cents. Revenue McAfee Inc. reported fourth quarter 2009 revenue of $525.7 million, up 24.0% year over year and 8.0% sequentially. Good execution and robust demand for security solutions helped McAfee achieve the sixteenth consecutive quarter of double-digit year-over-year revenue growth. The company reported increase in revenue across all its … [visit site to read more]
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| GOL’s Traffic Taking Off « Zacks Investment Research » Posted: 12 Feb 2010 07:00 AM PST GOL Linhas Aereas Inteligentes S.A. (GOL) announced its preliminary passenger traffic figures for January 2010. In January, GOL’s total passenger traffic grew by 32.1% in relation to the same period last year, reflecting the company's better positioning in its markets and increased demand due to the recovery in Brazil’s economy.
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| Forex Trading: EURUSD Triggers Stops Above The 1.3600 Level. « Greg Michalowski » Posted: 12 Feb 2010 07:00 AM PST The Michigan Confidence came out weaker, yet the price spiked higher as the price pushed above the 1.3600 level and triggered some stops. The price has moved up toward resistance against the 61.8% retracement of the days range and the 200 bar MA on the 5 mnute chart. That level comes in at 1.3632. This will be a key level to hold above.
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| Posted: 12 Feb 2010 06:54 AM PST As per the prior post, the AUDUSD held the resistance against the 0.8935 level and moved back down to test the support against the 100 hour MA (CLICK HERE FOR THE PRIOR POST). The pair bounced off the 100 hour MA suggesting the market is in a consolidation phase here - still looking for the next directional move. The 100 hour MA and the 0.8835 levels will remain … [visit site to read more]
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| Omnicom Meets Zacks Consensus « Zacks Investment Research » Posted: 12 Feb 2010 06:51 AM PST Omnicom Group Inc. (OMC) announced results for the fourth quarter and full year 2009. During the quarter, net income decreased 15.3% to $229.6 million from $271.0 million in the fourth quarter of 2008. Omnicom’s earnings per share (EPS) decreased 16.1% to 73 cents from 87 cents in the year ago quarter. Reported EPS exactly matched with the Zacks Consensus Estimate of 73 cents. Omnicom’s net income for the twelve months ended December 31, 2009, decreased 20.7% to $793.0 million … [visit site to read more]
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| Berkshire B Joining S&P 500 « Zacks Investment Research » Posted: 12 Feb 2010 06:47 AM PST Today is Berkshire Hathaway's (BRK.B) final trading session before the company's inclusion in the Standard & Poor’s 500 Index. After the close of trading today, Berkshire's Class B shares will join the index. The stock price may witness a significant increase later in the day as a result of buying by index funds tracking the S&P 500. Yesterday, Berkshire Hathaway shares had moved up significantly. Late in January, Standard and Poor's (S&P) announced that it will be adding … [visit site to read more]
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| Ten ETFs To Own If (When) The Fed Raises Rates « Michael Johnston » Posted: 12 Feb 2010 06:47 AM PST With interest rates still hovering just above zero and growing concerns over an unavoidable uptick in inflation, many investors are anticipating that the Federal Reserve will have no choice but to raise rates from their historically low levels in the near future. Ben Bernanke, the Chairman of the Fed, recently unveiled a strategy to unwind and exit some of the many programs that the Fed rolled out after the market crash of 2008. These programs quickly grew the Fed's balance sheet to over $2 … [visit site to read more]
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| Highwoods’ FFO Increases « Zacks Investment Research » Posted: 12 Feb 2010 06:45 AM PST Highwoods Properties, Inc., (HIW), a real estate investment trust (REIT) that owns suburban office, industrial and retail properties in the Southeastern and Midwestern U.S., reported fourth quarter 2009 FFO (fund from operations) of $31.7 million or $0.42 per share compared to $13.2 million or $0.19 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 … [visit site to read more]
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| JA Solar Tops Consensus « Zacks Investment Research » Posted: 12 Feb 2010 06:30 AM PST JA Solar Holdings Co. Ltd. (JASO) announced adjusted earnings per American Depositary Share (EPADS) of RMB 0.94 (14 cents) in its fourth quarter, which exceeded the Zacks Consensus Estimate of 11 cents by 3 cents. The performance improvement came from higher shipments and growing margins.
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| Forex Trading: GBPUSD Tests 100 Hour MA And Falls. « Greg Michalowski » Posted: 12 Feb 2010 06:22 AM PST The GBPUSD tested the 100 hour MA at the 1.5638 level and has come off in the NY trade. The pressure suggests a reluctance to move higher and comes on the heals of an earlier test of another key MA level.
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| Motorola To Split « Zacks Investment Research » Posted: 12 Feb 2010 06:21 AM PST Motorola Inc. (MOT) has finally come up with a detailed plan to split itself into two entities — independent and publicly traded. Over the last couple of years, industry circles have been ripe with rumors about Motorola's likely spin-off. Yesterday, management announced that the company will reorganize its entire business structure and then split into two. The proposed separation is likely to take place in the first quarter of 2011. As a result of the business restructuring, the existing … [visit site to read more]
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| Swiss Franc: Continuation Of The Rebound « Trading Central » Posted: 12 Feb 2010 06:17 AM PST |
| Japanese Yen: The Upside Prevails « Trading Central » Posted: 12 Feb 2010 06:17 AM PST |
| British Pound: The Upside Prevails « Trading Central » Posted: 12 Feb 2010 06:17 AM PST |
| Euro: The Upside Prevails « Trading Central » Posted: 12 Feb 2010 06:17 AM PST |
| EnCana Net Drops Less Than Expected « Zacks Investment Research » Posted: 12 Feb 2010 06:15 AM PST EnCana Corporation (ECA) – Canada's largest natural gas producer – reported solid fourth quarter results, helped by higher-than-expected volumes and lower costs. Operating earnings per share, stripping out one-time items, came in at 50 cents, which were 6 cents above the Zacks Consensus Estimate.
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| Posted: 12 Feb 2010 06:14 AM PST Ingersoll Rand (IR) posted fourth quarter earnings of 48 cents a share, below Zacks estimates of 53 cents, on inline revenues of $3.3 billion. The company raised its guidance range for 2010 by 20 cents to $2.20 to $2.60 a share Deutsche Bank (DB) upgraded PNC Financial to “buy” from “hold,” raising the price target to $57 from $45 Marriott International (MAR) received an upgrade from Oppenheimer from “underperform” to “perform,” with the price target increased from … [visit site to read more]
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| Who Is Excessively Overconfident? « Jeffrey Miller » Posted: 12 Feb 2010 06:01 AM PST I was struck by a recent article on “overconfidence” and how it hampers investment returns. It is persuasive and suggests several different interesting themes. A Brief Digression Before turning to this theme, I would like to hit a few highlights. Thanks to Zack Miller, who kindly included me on his Super Bowl team of investment bloggers. It is a clever idea and he has some great choices. Readers who have access to Merrill Lynch research should check out today’s research … [visit site to read more]
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| Cephalon Beats & Guides Higher « Zacks Investment Research » Posted: 12 Feb 2010 06:00 AM PST Cephalon, Inc. (CEPH) exited 2009 on a strong note with both fourth quarter and full year earnings exceeding expectations. The company reported fourth quarter earnings of $1.66 per share, 6 cents above the Zacks Consensus Estimate, and 13.7% above the year-ago earnings. Full year earnings came in at $6.03, easily surpassing the Zacks Consensus Estimate of $5.96 and the year-ago earnings of $4.82.
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| Posted: 12 Feb 2010 05:51 AM PST The USDJPY has moved higher on the back of the better retail sales this morning. The pair has been on a roller coaster move today, falling sharply on a flight into quality but then rebounding sharply. The better data takes some pressure off the pair a bit as there is a less flight out of quality and more extension into risk. This has the effect of pressuring the JPY and raising the USDJPY in the process.
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| Buffalo Wild Wings Misses Estimate « Zacks Investment Research » Posted: 12 Feb 2010 05:45 AM PST Buffalo Wild Wings, Inc. (BWLD), best known for its chicken wings and sports bar, sustained its growth momentum in the fourth-quarter of 2009. Despite economic conditions and lower consumer discretionary spending, the company reaffirmed its growth target of 13% to 15% in units and 20% in net earnings for fiscal year 2010.
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| Further Tightening From China « Zacks Investment Research » Posted: 12 Feb 2010 05:39 AM PST On the heels of their unconventional efforts to slowdown the growth of bank loans, the Chinese monetary authorities announced today a more traditional measure to tamp down its incipient real estate bubble. Specifically, China announced today a 50 basis point increase in the reserve-requirement ratio for banks, with effect from February 25. This will constrain banks to keep 16.5% of their deposits with the central bank on reserve, up from 16% before. This came about a month after a boost to … [visit site to read more]
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| Forex Trading: AUDUSD Tests Yesterday’s Corrective Lows « Greg Michalowski » Posted: 12 Feb 2010 05:30 AM PST The AUDUSD was pressured overnight as the Peoples Bank of China raised reserve requirements for large banks, tightening credit conditions. The goal is to tame loan growth and this is a direct hit to the commodity currencies like the AUDUSD. So although the employment report from the day before was a huge positive, the counter punch from the PBOC, has knocked the AUDUSD back down.
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| Expedia Gets Volumes, Gives Profits « Zacks Investment Research » Posted: 12 Feb 2010 05:30 AM PST Expedia Inc.'s (EXPE) third quarter earnings beat the Zacks consensus by a penny. Revenue was basically in line, beating by 0.7%.
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| Forex Trading: EURUSD Pressured Lower On Poor Economic News/China « Greg Michalowski » Posted: 12 Feb 2010 05:11 AM PST The EURUSD corrected 50% move down yesterday to 1.3698, consolidated and started the sell off on the back of China reserve requirement increase (slower global growth) and the weaker economic data (listen to the FXDD Opening Commentary by clicking HERE).
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| Should Investors Avoid China Focused ETFs? « David Bettencourt » Posted: 12 Feb 2010 05:01 AM PST “The Chinese government warned Thursday that a reduction in global stimulus policies beyond its control could affect China’s asset prices in a volatile manner. That warning followed other interesting reports earlier this week on China’s January economic performance and the government’s plans going forward. All of this information raises some concerns about China’s economy and whether investors should use China-focused ETFs at this time, such as the most popularly traded one, iShares … [visit site to read more]
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| Why Gold Is Going To Recover Soon From This Correction « Neil Charnock » Posted: 12 Feb 2010 03:54 AM PST This so called recovery is problematic and now it is slowly entering a new dangerous phase. Bank losses have now been eclipsed as the major issue as sovereign debt emerges in a more sinister manner. This is only part of the problem and it will be overcome in the short term leading to resumed market growth. The real problem is the debt cycle and the emerging sovereign default concerns are showing us the future. I read that the corporate spread between corporate interest rates and … [visit site to read more]
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| Mutual Funds: Top 5 T Rowe Price Funds « Zacks Investment Research » Posted: 11 Feb 2010 10:27 PM PST Founded in 1937 by Thomas Rowe Price Jr. T. Rowe Price is one of the world's leading investment management companies. With more than $391 billion in assets under management, it serves individuals, financial intermediaries and institutions. Relying on fundamental research and a disciplined approach, the company aims to provide a full range of investment strategies. In 2005, T. Rowe Price's target-date retirement funds set new records for asset growth, reaching $8 billion within two years of … [visit site to read more]
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| Mutual Funds: Top 3 Pacific Funds « Zacks Investment Research » Posted: 11 Feb 2010 10:03 PM PST With the world's largest savings pool and most advanced technological capabilities, the Pacific Basin countries make up a diverse and economically vibrant region. The Pacific Basin offers one of the most prominent centers of production and fastest growing markets in the world. Mutual funds from this sector should continue to be good prospects as they tap into the strength of both mature and emerging economies.
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| Stock Buy: MAXIMUS, Inc. « Michael Vodicka » Posted: 11 Feb 2010 09:00 PM PST MAXIMUS, Inc. (MMS) recently hit a new 52-week high at $55.50 on strong Q4 results that included a 30% earnings surprise.
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| Stock Buy: Jo-Ann Stores Inc. « Tracey Ryniec » Posted: 11 Feb 2010 09:00 PM PST Jo-Ann Stores Inc. (JAS) recently reported preliminary fourth quarter earnings which were 34% higher than the Zacks Consensus Estimate. JAS has surprised on estimates 3 out of the last 4 quarters by an average of 59.47%.
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| Stock Buy: Carter’s Inc. « Zacks Investment Research » Posted: 11 Feb 2010 09:00 PM PST Carter’s, Inc. (CRI) reported a huge jump in earnings. Estimates are on the rise and the stock could be at a great entry point.
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| Bear Of The Day: Electronic Arts, Inc. (ERTS) « Zacks Investment Research » Posted: 11 Feb 2010 09:00 PM PST We are downgrading Electronic Arts (ERTS) to Underperform following dismal third-quarter results. Weakness in its EA business, poor holiday sales for the overall packaged goods sector in Europe and product mix shifts to lower-margin distribution business in North Americas hampered the company.
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| Bull Of The Day: Estee Lauder Companies (EL) « Zacks Investment Research » Posted: 11 Feb 2010 09:00 PM PST Estee Lauder Companies (EL) is one of the leading players in the global cosmetics space and commands a strong portfolio of well-established brands. The company is currently undertaking initiatives to reduce overheads and optimize inventory levels, which augur well for future operating performance.
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