Daily Markets - Financial News And Opinions |
- Momentum Indicators Still Point To Overweight Stocks
- Newfield Surpasses Zacks Ests
- New ETFs: Old Mutual Targets EAFE, Jefferies Goes For Commodities
- Protecting Stock Profits: Here’s The Breakdown Of The Ultimate “Safety Net” Trade
- ValueClick Tops Expectations
- Housing Starts Up 21% From Jan. ‘09
- Forex Trading: GBP/USD Longer Term Perspective
- More Checks For Anemia Drugs
- China Reduces Treasury Purchases For 5th Straight Month
- Australian Dollar: The Bias Remains Bullish
- Canadian Dollar: Bullish Bias Above 102
- Tetra Tech Gets Wind Farm Deal
- #China - China Could Fall Into A Great Depression
- Five Critical Differences Between EEM And VWO
- PSEG Raises Dividend
- Video: Huge Gains Throughout Asia
- Video: NYSE Opening Bell Market Monitor: DE, MAT, WAG
- Host Hotels’ FFO Dips
- Cintas’ Guidance Disappoints
- Move Over PS3 And Xbox 360… This Unlikely Source Could Save The Video Gaming Industry
- Morning News Notes: 2/17/2010
- BNY Mellon Acquires Part Of CIBC
| Momentum Indicators Still Point To Overweight Stocks Posted: 17 Feb 2010 10:01 AM PST Following the sell-offs of recent weeks, major international equity markets continue brandishing negative performances since the beginning of 2010: The S&P500 has declined by 3,55%, the DJ Eurostoxx by 8,22%, the Nikkei by 4,3% and the FTSE100 by 4,99%. Emerging markets as a whole also have kindled negative performances in 2010: the MSCI Asia fell by 5,9%, the MSCI European emerging by 3,8% and MSCI Latin America by 3,7%. Even renowned strategists and economists now differ on the … [visit site to read more]
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| Posted: 17 Feb 2010 09:03 AM PST Newfield Exploration Co. (NFX) reported better-than-expected fourth-quarter results on increased production volumes and higher average realized prices. Quarterly earnings came in at $1.40 per share, above the Zacks Consensus Estimate of $1.36 and year-earlier earnings of 20 cents. Including one-time items, the company reported earnings of 86 cents per share. Estimate Revisions Trend There is a positive trend in estimate revisions. For the last 30 days, 5 of 23 … [visit site to read more]
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| New ETFs: Old Mutual Targets EAFE, Jefferies Goes For Commodities Posted: 17 Feb 2010 09:01 AM PST New exchange traded fund (ETF) providers Old Mutual and Jefferies have hit the markets with a slate of new funds, adding to their growing lineups. The GlobalShares FTSE Developed Countries ex U.S. Fund (GSD) is based on the EAFE index. It would compete with the iShares MSCI EAFE Index ETF (EFA) and the Vanguard Europe Pacific ETF (VEA). According to Cinthia Murphy for Index Universe, GSD is as price competitive as EFA, with expenses pegged at 0.35%, but EFA is more liquid and … [visit site to read more]
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| Protecting Stock Profits: Here’s The Breakdown Of The Ultimate “Safety Net” Trade Posted: 17 Feb 2010 09:00 AM PST Wednesday, February 17, 2010: Issue #1198
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| Posted: 17 Feb 2010 08:48 AM PST ValueClick Inc. (VCLK) reported fourth quarter 2009 pro forma earnings per share of 25 cents, beating the Zacks Consensus Estimate of 16 cents by 9 cents. Profit rose 66.7% from the year-ago level of 15 cents a share demonstrating the company's focus on driving bottom-line growth. Better-than-expected earnings in the quarter were due to margin expansion and reduction in operating expenses. Operating expenses in the quarter fell 8.7% to $47.8 million (43.3% of total revenue) from … [visit site to read more]
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| Housing Starts Up 21% From Jan. ‘09 Posted: 17 Feb 2010 08:44 AM PST We got some good news and some bad news on the housing front today. The good news is that housing starts rose to a seasonally adjusted annual rate of 591,000 from and upwardly revised 575,000 pace in December, and up 21.1% from the year-ago level of 488,000. The bad news is that housing starts rose to a seasonally adjusted annual rate of 591,000.
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| Forex Trading: GBP/USD Longer Term Perspective Posted: 17 Feb 2010 08:38 AM PST From time to time, its good to look at longer term technicals, to get an idea of where the market is over a period of weeks and even years. Looking at the GBP/USD on a weekly chart, there are a few things to note. First, adding a Fibonacci from the high in November 2007 to the low in January of 2009, the 38.2% retractment level comes in at 1.6427. This level resisted the trend higher and the pair never made it to the 100 week moving average. That is not to say that the GBP/USD didn't go … [visit site to read more]
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| Posted: 17 Feb 2010 08:33 AM PST For quite some time, anemia drugs developed by Amgen (AMGN) and Johnson and Johnson (JNJ) have been under the US Food and Drug Administration (FDA) scanner. Recently, the agency announced a new safety plan for both the companies related to the use of these drugs, also known as erythropoiesis–stimulating agents (ESAs), on cancer patients. ESAs are approved for the treatment of anemia that might arise out of kidney failure from certain kinds of chemotherapy.
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| China Reduces Treasury Purchases For 5th Straight Month Posted: 17 Feb 2010 08:20 AM PST Front and center this morning, we saw quite the rally in risk assets yesterday, all day, and all night! It was like the sea parted, the stars aligned, and the karma began to flow… The global economic recoveries came back into the thoughts of traders and investors, and the fears of Greece waned… It was as if none of the "sky is falling" theatrics had gone on the past month!
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| Australian Dollar: The Bias Remains Bullish Posted: 17 Feb 2010 08:17 AM PST |
| Canadian Dollar: Bullish Bias Above 102 Posted: 17 Feb 2010 08:17 AM PST |
| Tetra Tech Gets Wind Farm Deal Posted: 17 Feb 2010 08:17 AM PST Tetra Tech, Inc. (TTEK) announced that it has been awarded a $40 million contract to design and build a 152-megawatt (MW) wind farm outside of Woodward, Oklahoma.
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| #China - China Could Fall Into A Great Depression Posted: 17 Feb 2010 08:17 AM PST By Dr. Steve Sjuggerud Is it possible? Could China be on the brink of a Great Depression? Most experts would say, “No way.” They would point to China’s trillions of U.S. dollars in reserves as their Exhibit A and say, “Case closed.” Countries use reserves to back their liabilities… like their currencies. Think of it like having a huge balance in your savings account. If you’ve got all that cash, you’re not likely going under, right? But one expert recently made an interesting case for a … [visit site to read more]
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| Five Critical Differences Between EEM And VWO Posted: 17 Feb 2010 08:03 AM PST Emerging markets have been one of the hottest investment trends in recent years, as U.S. investors have begun to question assumptions about the relative risk profiles of advanced and developing economies in the wake of the recent global recession. Government intervention, a risk usually associated with emerging economies, has become common practice in the U.S. and Europe, and China and Brazil have raced ahead of developed markets struggling to achieve sustainable GDP growth.
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| Posted: 17 Feb 2010 08:01 AM PST Public Service Enterprise Group Inc. (PEG) increased its quarterly common stock dividend to 34.25 cents per share, a 3% raise over the company’s existing quarterly dividend rate of 33.25 cents. This indicates an annual dividend of $1.37 per share. The first dividend at the incremental rate is payable in 2010 on March 31, 2010, to shareholders of record on March 10, 2010.
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| Video: Huge Gains Throughout Asia Posted: 17 Feb 2010 07:59 AM PST The major Asian/Pacific markets were all on the upside this session following huge gains in domestic banking, & commodity-related stocks. … [visit site to read more]
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| Video: NYSE Opening Bell Market Monitor: DE, MAT, WAG Posted: 17 Feb 2010 07:46 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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| Posted: 17 Feb 2010 07:46 AM PST Host Hotels & Resorts Inc. (HST), the largest lodging real estate investment trust (REIT) in the U.S., reported fourth-quarter FFO (funds from operations) of $113 million or 18 cents per share, compared to $289 million or 52 cents per share 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.
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| Posted: 17 Feb 2010 07:31 AM PST After reporting second-quarter earnings, which fell below expectations, Cintas Corp. (CTAS) now provided a lower-than-expected guidance for the second half of fiscal 2010. The company has given its revenue and earnings outlook for the third and fourth quarter of fiscal 2010, although it did not provide any guidance earlier due to uncertainties regarding job recovery.
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| Move Over PS3 And Xbox 360… This Unlikely Source Could Save The Video Gaming Industry Posted: 17 Feb 2010 07:24 AM PST During the Super Bowl, Electronic Arts (ERTS) shelled out the necessary millions to advertise its newest big game: Dante's Inferno.
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| Posted: 17 Feb 2010 07:23 AM PST The “Morning News Notes” as prepared by TL… stimulus spending, Fed worried on deficit, China no longer largest holder of US debt, housing, S&P500 technicals, Berkshire Hathaway - what they are selling, and Citigroup - who is buying. Just click on the link or the coffee mug below. “Morning News Notes”: February 17, … [visit site to read more]
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| BNY Mellon Acquires Part Of CIBC Posted: 17 Feb 2010 07:15 AM PST In an effort to increase its share in the corporate trust market in Canada and expand its leadership position in a number of key segments, BNY Mellon, the corporate brand of The Bank of New York Mellon Corporation (BK), said on Tuesday that it has agreed to acquire the corporate trust business of CIBC Mellon.
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