Daily Markets - Financial News And Opinions

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• Australian Dollar: Continuation Of The Rebound « Trading Central »
• Canadian Dollar: Continuation Of The Rebound « Trading Central »
• Wheat Woes « OptionsXpress »
• BJ’s Wholesale Sales Rise « Zacks Investment Research »
• Morning News Notes: 2/9/2010 « Guy Lerner »
• NYSE Beats On Lower Expenses « Zacks Investment Research »
• Loss Widens At Unisys « Zacks Investment Research »
• Forex Trading: AUDUSD Boosted Higher Today. Watching 0.8733 And 0.8714 « Greg Michalowski »
• Vulcan Materials’ Loss Widens « 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 »
• Stock Market News Briefs: Bank Of America Corporation, Coventry Health Care, Inc., HSBC Holdings Plc, Internationa Flavors & Fragrances, Inc., Molson Coors Brewing Company, Monsanto Company, NYSE Euronext, Inc., SAP Aktiengesellschaft Systeme, Anwendungen, Produ, Verizon Communications Inc., Biogen Idec Inc « Zacks Investment Research »
• ADC Telecom Profit Tops « Zacks Investment Research »
• Nissan Results Improve « Zacks Investment Research »
• Nasdaq Beats On Low Charges « Zacks Investment Research »
• Hartford Beats, Swings To Net Gain « Zacks Investment Research »
• Forex Trading: USDJPY Moves Higher. Watch The 100 Bar Moving Average On The 5 Minute Chart « Greg Michalowski »
• Sovereign Risk And The Price Of Oil « Dian L. Chu »
• Forex Trading: EURUSD Moves Above The 100 Hour MA And 38.2% Retracement Level On Hourly « Greg Michalowski »
• Forex Trading: GBPUSD Continues In Its Consolidation Up And Down Range. « Greg Michalowski »
• New Business Win For Callidus « Zacks Investment Research »
• Callidus Partners With Seven Seas « Zacks Investment Research »
• Mutual Funds: Top Diversified Bond Funds « Zacks Investment Research »
• Stock Buy: RPM International Inc. « Zacks Investment Research »
• Bull Of The Day: OPNET Technologies (OPNT) « Zacks Investment Research »
• Bear Of The Day: Vulcan Materials (VMC) « Zacks Investment Research »
• Stock Buy: Lululemon Athletica « Zacks Investment Research »
• Stock Buy: GSI Commerce, Inc. « Michael Vodicka »
• Stock Buy: World Acceptance Corporation « Tracey Ryniec »
• Rydex Market Timers: Becoming More Bearish « Guy Lerner »

Australian Dollar: Continuation Of The Rebound « Trading Central » Posted: 09 Feb 2010 07:17 AM PST Update on supports and resistances. … [visit site to read more]

Canadian Dollar: Continuation Of The Rebound « Trading Central » Posted: 09 Feb 2010 07:17 AM PST Update on supports and resistances. … [visit site to read more]

Wheat Woes « OptionsXpress » Posted: 09 Feb 2010 07:17 AM PST Fundamentals Grain futures are higher this morning, largely due to traders covering shorts and decreasing position size in light of the USDA’s supply and demand report. There is not expected to be a bullish surprise in the report, but the unpredictability of the USDA’s estimates is always on the minds of traders. Wheat futures have had little in the way of positive news lately. In addition to large supplies domestically, India, the world’s second largest grower, is expected to increase … [visit site to read more]

BJ’s Wholesale Sales Rise « Zacks Investment Research » Posted: 09 Feb 2010 06:59 AM PST BJ's Wholesale Club Inc. (BJ), a leading warehouse club operator in the United States, recently reported sales for the four-week period ended January 30, 2010. Sales for the month jumped 13% to $742.6 million from $656.9 million reported in the same month last year.   Comparable club sales rose 8.4% for January 2010 versus a decline of 0.7% in the same month last year. Gasoline sales positively impacted the comparable club sales during the reported month by 5.5%. However, it … [visit site to read more]

Morning News Notes: 2/9/2010 « Guy Lerner » Posted: 09 Feb 2010 06:57 AM PST The “Morning News Notes” as prepared by TL… Greece, Fed exit strategy, and Monday’s performance by sector. Just click on the link or the coffee mug below. “Morning News Notes”: February 9, … [visit site to read more]

NYSE Beats On Lower Expenses « Zacks Investment Research » Posted: 09 Feb 2010 06:47 AM PST NYSE Euronext, Inc.'s (NYX) fourth quarter operating earnings per share of 58 cents came in decisively ahead of the Zacks Consensus Estimate of 48 cents. Earnings were also ahead of the 52 cents per share recorded in the year-ago quarter and 53 cents in the prior quarter. Results reflect increasing momentum in the business model and the continuing benefit from the various cost reduction programs, including 14% year-over-year reduction in staff members. The company also benefited from the … [visit site to read more]

Loss Widens At Unisys « Zacks Investment Research » Posted: 09 Feb 2010 06:47 AM PST Unisys Corporation (UIS) reported revenues of $1.21 billion in the fourth quarter of 2009, down 5% year over year. Foreign exchange rates had an approximately 5 percentage-point positive impact on revenue in the quarter. Revenue in the United States declined 14% to $495 million. Revenue in international markets increased 1% to $715 million. On a segment basis, revenue from the services segment declined 9% year over year. Customer orders in this segment showed mid single-digit declines from … [visit site to read more]

Forex Trading: AUDUSD Boosted Higher Today. Watching 0.8733 And 0.8714 « Greg Michalowski » Posted: 09 Feb 2010 06:32 AM PST   Comments from RBA Stevens earlier today whereby he commented that rates may need to be raised to stop bubbles, sent the AUDUSD higher today.  The price was able to push above the 100 hour MA (currently at 0.8714) in the NY session, but has come off a bit as the dollar corrects on the EU/Greece on again/off again rollercoaster (see Nowotney Comment).  From a technical perspective, however, as long as the price remains above the 100 hour MA, the targets above are the 61.8 of … [visit site to read more]

Vulcan Materials’ Loss Widens « Zacks Investment Research » Posted: 09 Feb 2010 06:30 AM PST Vulcan Materials Company (VMC) reported loss from continuing operations of 10 cents per share, below the Zacks Consensus Estimate of a break-even in the fourth quarter of 2009. In the fourth quarter, aggregates shipments declined 23% year over year, reducing earnings $0.57 per diluted share. Aggregates pricing increased 5%. Aggregate cash fixed costs decreased 8% compared to the year-ago quarter. Selling, administrative and general expenses declined 7%. Total contract awards for highways … [visit site to read more]

Swiss Franc: Continuation Of The Rebound « Trading Central » Posted: 09 Feb 2010 06:18 AM PST Update on supports and resistances. … [visit site to read more]

Japanese Yen: The Upside Prevails « Trading Central » Posted: 09 Feb 2010 06:18 AM PST Update on supports and resistances. … [visit site to read more]

British Pound: The Upside Prevails « Trading Central » Posted: 09 Feb 2010 06:18 AM PST Update on supports and resistances. … [visit site to read more]

Euro: The Upside Prevails « Trading Central » Posted: 09 Feb 2010 06:18 AM PST Update on supports and resistances. … [visit site to read more]

Stock Market News Briefs: Bank Of America Corporation, Coventry Health Care, Inc., HSBC Holdings Plc, Internationa Flavors & Fragrances, Inc., Molson Coors Brewing Company, Monsanto Company, NYSE Euronext, Inc., SAP Aktiengesellschaft Systeme, Anwendungen, Produ, Verizon Communications Inc., Biogen Idec Inc « Zacks Investment Research » Posted: 09 Feb 2010 06:16 AM PST  Biogen Idec (BIIB) posted better-than-estimated fourth quarter results of $1.20, beating Zacks estimates of $1.05, on inline revenues of $1.1 billion.  The company said it sees full year earnings of $4.50 a share  International Flavors and Fragrances (IFF) reported fourth quarter results of 63 cents, three cents better than Zacks estimates, on sales of $586 million, versus Zacks estimates of $572 million  Molson Coors (TAP) released fourth quarter results of … [visit site to read more]

ADC Telecom Profit Tops « Zacks Investment Research » Posted: 09 Feb 2010 06:15 AM PST Yesterday, after market close, ADC Telecommunications Inc. (ADCT) declared financial results for the first quarter of fiscal 2010. Due to a change in the company's reporting fiscal year, management has compared results for the three month period ended December 31, 2009 with the proforma results of its comparable quarters.   On a GAAP basis, net income in the first quarter 2010 was $3.6 million or an income of 4 cents per share compared to a net loss of $48.4 million or a loss of 46 … [visit site to read more]

Nissan Results Improve « Zacks Investment Research » Posted: 09 Feb 2010 06:00 AM PST Nissan Motor Co. (NSANY) has revealed a net income of ¥45 billion ($480 million) for the third quarter of its fiscal ended December 31, 2009, in sharp contrast to a loss of ¥83.2 billion ($810 million) in the same period a year ago. The improvement was attributable to additional sales driven by scrapping incentives in major markets, sales growth in China and measures adopted to combat the global financial and economic crisis.   Revenue in the quarter rose 10% to ¥1.9962 trillion … [visit site to read more]

Nasdaq Beats On Low Charges « Zacks Investment Research » Posted: 09 Feb 2010 05:45 AM PST Nasdaq OMX Group Inc.'s (NDAQ) fourth quarter operating earnings per share of 46 cents surpassed the Zacks Consensus Estimate of 44 cents and prior quarter earnings of 42 cents. However, operating earnings declined substantially from 52 cents reported in the prior-year quarter. Total operating earnings, on non-GAAP basis, were $99 million, up from $89 million in the prior quarter but down from $110 million reported in the year-ago quarter.   Nasdaq's GAAP net income was $43 million … [visit site to read more]

Hartford Beats, Swings To Net Gain « Zacks Investment Research » Posted: 09 Feb 2010 05:30 AM PST Hartford Financial Services' (HIG) fourth quarter core earnings came in at $1.51 per share, substantially ahead of the Zacks Consensus Estimate of $1.40. This also compares favorably with the core loss of 72 cents in the year-ago quarter. The upside was primarily attributable to stability in Hartford's life and property and casualty businesses. Also, Hartford ended the year with a strong capital position. Despite the overall market conditions remaining timid, Hartford delivered strong … [visit site to read more]

Forex Trading: USDJPY Moves Higher. Watch The 100 Bar Moving Average On The 5 Minute Chart « Greg Michalowski » Posted: 09 Feb 2010 05:19 AM PST The USDJPY was consolidating in a narrow trading range and at the 89.18 to 89.45 level yesterday. The 100 and 200 bar moving averages converged with the price and this eventually leads to a move away from the consolidation area.  The price has moved higher albeit at a modest pace as the flight into the "riskier pairs" moved the USDJPY higher. The price has been able to maintain a level above the 100 bar MA with a test in the London session. We will continue to watch this moving … [visit site to read more]

Sovereign Risk And The Price Of Oil « Dian L. Chu » Posted: 09 Feb 2010 05:01 AM PST European and U.S. stock markets have taken a hit recently as spooked investors from Shanghai to Sao Paolo were fleeing risky assets amid concern that the financial crisis in Portugal and Greece could spread through the euro zone with vast implications for the fate of the fragile global economic recovery. (Fig. 1) Liquidate & Buy Dollar A steep drop in crude-oil prices triggered declines across the commodities spectrum, as investors nervous about the pace of the economic recovery … [visit site to read more]

Forex Trading: EURUSD Moves Above The 100 Hour MA And 38.2% Retracement Level On Hourly « Greg Michalowski » Posted: 09 Feb 2010 04:58 AM PST The 100 hour MA comes in at the 1.3753 level. The 38.2% retracement comes in at the 1.3753 level as well. The break above triggered stop buying. This pushed the price up to the 1.3773 level. Now the price should have support at the 1.3753 level.    A move back below the 1.5744 level (the prior high for today) would muddy the water, but the bias at the moment at least is back to the upside.  The next target would be the 1.3805 level which is the 50% retracement of … [visit site to read more]

Forex Trading: GBPUSD Continues In Its Consolidation Up And Down Range. « Greg Michalowski » Posted: 09 Feb 2010 04:48 AM PST The GBPUSD has now consolidated the move lower for nearly 2 days now.  The price has a floor at the 1.5533/50 region and a ceiling at the 1.5648-59 area.  The consolidation comes after the most recent trend move which saw the GBPUSD move down from a high of 1.6068 to the low at 1.5533. The consolidation/non-trend period is not unusual. It allows the market moving averages - like the 100 hour moving average to start it's catch up to the market price. Currently, the 100 bar MA is at … [visit site to read more]

New Business Win For Callidus « Zacks Investment Research » Posted: 09 Feb 2010 04:23 AM PST Callidus Software Inc. (CALD) announced that Philips Healthcare selected Callidus Monaco’s Objective Management solution to develop and manage its salesforce. The agreement was signed in the fourth quarter of 2009. Under the agreement, Philips Healthcare will use this application to deploy and manage strategic sales objectives for its sales representatives in the United States. Companies use objective management to broaden sales incentive plans for stronger alignment of corporate objectives … [visit site to read more]

Callidus Partners With Seven Seas « Zacks Investment Research » Posted: 09 Feb 2010 04:18 AM PST Callidus Software (CALD) recently announced a partnership with Seven Seas Technologies, a leading provider of integrated business and technology solutions. Under the agreement, Seven Seas Technologies will resell, implement and support Callidus Software's sales performance management solutions in Africa. Callidus expects to expand its global presence in under penetrated regions of Africa by partnering with Seven Seas Technologies as African companies are seeking new and faster ways of … [visit site to read more]

Mutual Funds: Top Diversified Bond Funds « Zacks Investment Research » Posted: 08 Feb 2010 10:44 PM PST Investors looking for safety of capital as well as a steady income stream often choose bonds over stocks and mutual funds offer a convenient and affordable route of investing in these securities. Diversified bond funds further reduce risk by investing across various sectors. This approach ensures that any negative fluctuation in a sector only has a slight overall effect on the fund – and its investors, since various sectors of the bond market react differently to changes in the economy and … [visit site to read more]

Stock Buy: RPM International Inc. « Zacks Investment Research » Posted: 08 Feb 2010 09:00 PM PST RPM International Inc. (RPM) recently posted record net income of $55.9 million for the second fiscal quarter, versus last year’s $41.7 million. Sales slipped 3.5% year-over-year. Company Description RPM International Inc., through its subsidiaries, offers specialty coatings, sealants, building materials and related services serving both industrial and consumer markets. RPM’s industrial products include roofing systems, sealants, corrosion control coatings, flooring coatings and specialty … [visit site to read more]

Bull Of The Day: OPNET Technologies (OPNT) « Zacks Investment Research » Posted: 08 Feb 2010 09:00 PM PST We are extending our estimates through 2012 fiscal year for Buy-rated OPNET Technologies (OPNT). OPNET reported very good third quarter results due to strong new software license revenue. Gross profit margins were well above expectations. We expect gains in market share to continue. Continued cost controls and the booking of deferred revenue should improve earnings. Software license growth should have a positive impact on near-term revenue. We maintain our Outperform rating and increased our … [visit site to read more]

Bear Of The Day: Vulcan Materials (VMC) « Zacks Investment Research » Posted: 08 Feb 2010 09:00 PM PST Despite being the largest producer of construction aggregates and a leading producer of other construction materials, Vulcan Materials (VMC) faces a challenging environment in the construction industry. The economic crisis, leading to a significant reduction in new home construction, continues to impact its sales volume. Furthermore, the company’s operations are highly susceptible to inclement weather and volatility in energy costs. Its cash position has also deteriorated. These have led us … [visit site to read more]

Stock Buy: Lululemon Athletica « Zacks Investment Research » Posted: 08 Feb 2010 09:00 PM PST lululemon athletica (LULU) topped Wall Street’s expectations for the sixth time in a row on strong top-line growth as well as improving margins. Company Description lululemon athletica is a yoga clothing and equipment company based in Vancouver. Revenues Up 30% On Dec 9 lululemon reported quarterly results that included revenues of $113 million, a 30% increase since last year. The company also saw a solid 10% increase in same-store sales. Income from operations jumped 60%, to $21 million, on … [visit site to read more]

Stock Buy: GSI Commerce, Inc. « Michael Vodicka » Posted: 08 Feb 2010 09:00 PM PST GSI Commerce, Inc. (GSIC) continues to trade near its 52-week high at $26.10 ahead of the company’s Feb 10, Q4 results. In the meantime, estimates continue to rise, with the next-year estimate up 10 cents in the last 2 months to 26 cents per share, which would represent a return to profitability for the company. Company Description GSI Commerce, Inc. provides e-commerce and interactive marketing services to consumer oriented business in the United States and internationally. The company was … [visit site to read more]

Stock Buy: World Acceptance Corporation « Tracey Ryniec » Posted: 08 Feb 2010 09:00 PM PST World Acceptance Corporation (WRLD) recently reported a record fiscal third quarter as loan volumes rose. The stock is cheap. WRLD trades at just 8.6x forward earnings. Company Description World Acceptance provides short-term small loans, medium-term larger loans, credit insurance products and other services to individuals. The company operates 945 offices in 11 states and Mexico. During fiscal 2009, the company loaned $1.9 billion in 1.9 million transactions. The majority of the loans were … [visit site to read more]

Rydex Market Timers: Becoming More Bearish « Guy Lerner » Posted: 08 Feb 2010 07:41 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 1.02 suggesting that the Rydex market timers are becoming more bearish, and this is a bullish signal. How bullish? Let’s design a study with the … [visit site to read more]

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