Daily Markets - Financial News And Opinions |
- The Next Debt Crisis - This Time Hitting Sovereign Governments
- Waste Management’s Q4 Beats
- Toyota Recall Messages Lost In Translation
- SonicWALL Tops Consensus
- Eni Surpasses Zacks Estimate
- Stock Market News Briefs: Abercrombie & Fitch Company, Astrazeneca PLC, Curtiss-Wright Corporation, General Electric Company, Goldman Sachs Group, Inc. (The), J P Morgan Chase & Co, Kraft Foods Inc., Merck & Company, Inc., Spectra Energy Corp, Terra Industries Inc., Autodesk, Inc., Rigel Pharmaceuticals, Inc.
- Morning News Notes: 2/16/2010
- Dollar Financial Beats
- How To Save Thousands In The Art Market
- Swiss Franc: Continuation Of The Rebound
- Japanese Yen: Rebound Expected
- British Pound: The Upside Prevails
- Masco Corporation Slips
- Euro: The Upside Prevails
- Kraft Grows But Misses Estimate
- Research In Motion: A Strong Volume Is Needed To Bring The Technology Stock Higher
- ValueClick Down Pre-Earnings
- Abercrombie Earnings Plummet
- Strayer Education’s Profit Climbs
- Merck Beats Marginally
- Cheesecake Factory Beats
- Today’s Stock Market - 1930 Or 1974 Recovery?
- Forex Trading: Euro Weakness To Persist For The Next 30 Days?
- Bear Of The Day: Tessera Technologies (TSRA)
- Bull Of The Day: MWI Veterinary Supply (MWIV)
- Stock Buy: Dress Barn, Inc.
- Stock Buy: Monro Muffler Brake, Inc.
- Stock Buy: Universal Technical Institute, Inc.
| The Next Debt Crisis - This Time Hitting Sovereign Governments Posted: 16 Feb 2010 07:50 AM PST One year and five months ago - armed with a 92-page white paper and 59,000 petitions - we warned Congress about the grave danger of government bailouts. To view the video of my presentation at the National Press Club, click here. To download the white paper, “Dangerous Unintended Consequences,” click here. And to understand how this is likely to impact your investments this year, please listen carefully to what I have to say now about the NEXT major debt crisis - this time hitting … [visit site to read more]
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| Posted: 16 Feb 2010 07:12 AM PST Waste Management, Inc. (WM) reported fourth-quarter earnings of 52 cents per share, above the Zacks Consensus Estimate of 48 cents and prior-year earnings of 49 cents per share. The year-over-year growth was primarily driven by the company's cost cutting efforts. Net sales decreased 3.3% to $3.01 billion from $3.11 billion in the prior-year quarter. Lower Volumes had a negative impact of 6.4% on the company's internal revenue growth in the quarter, while yield on collection and … [visit site to read more]
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| Toyota Recall Messages Lost In Translation Posted: 16 Feb 2010 07:01 AM PST On the face of it, Toyota Motor Corp.’s (TM) recall of more than 8 million vehicles appears to be a serious-yet-simple matter of a carmaker facing up to a long list of manufacturing errors. But an in-depth examination of the case reveals a much deeper cultural disconnect. Like two people from two distinctly different cultures who find themselves locked in an uneasy marriage, the U.S. consumer and Toyota management are suffering from a failure to communicate. And unless Toyota very … [visit site to read more]
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| Posted: 16 Feb 2010 06:58 AM PST SonicWALL Inc. (SNWL) recently reported fourth quarter earnings of $5.0 million, compared to $3.5 million in the year-ago quarter. Excluding special items, adjusted earnings per share came in at 10 cents, which topped the Zacks Consensus Estimate of 7 cents per share. The company now has topped the Zacks Consensus Estimate in 3 of last 4 quarters with an average positive surprise of 27.4% or 2 cents.
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| Posted: 16 Feb 2010 06:44 AM PST Eni SpA (E) reported its fourth quarter earnings per ADR of €0.76 ($1.12), compared to €1.08 ($1.42) in the year-earlier quarter and the Zacks Consensus Estimate of $1.06. An increased production volume and a significant improvement in oil prices were the reasons behind this better-than-expected result.
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| Posted: 16 Feb 2010 06:38 AM PST Kraft (KFT) posted better-than-expected fourth quarter earnings, with results 3 cents ahead of estimates at 48 cents, but revenues of $11 billion were just below $11.07 billion projections Merck (MRK) beat earnings and sales estimates and backed 2010 guidance, with adjusted earnings of 79 cents, a one cent beat, and revenues of $10.1 billion, up from estimates of $9.38 billion Abercrombie and Fitch (ANF) posted better-than-expected earnings of 91 cents a share, up … [visit site to read more]
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| Posted: 16 Feb 2010 06:33 AM PST The “Morning News Notes” as prepared by TL… MRK earnings, Greece, and US politics. Just click on the link or the coffee mug below. “Morning News Notes”: February 16, … [visit site to read more]
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| Posted: 16 Feb 2010 06:31 AM PST Dollar Financial Corporation's (DLLR) fiscal second quarter (ended December 30, 2009) earnings came in at 60 cents per share, substantially ahead of the Zacks Consensus Estimate of 45 cents. This also compares favorably with the earnings of 54 cents in the year-ago quarter.
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| How To Save Thousands In The Art Market Posted: 16 Feb 2010 06:20 AM PST Tuesday, February 16, 2010: Issue #1197
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| Swiss Franc: Continuation Of The Rebound Posted: 16 Feb 2010 06:17 AM PST |
| Japanese Yen: Rebound Expected Posted: 16 Feb 2010 06:17 AM PST |
| British Pound: The Upside Prevails Posted: 16 Feb 2010 06:17 AM PST |
| Posted: 16 Feb 2010 06:17 AM PST Masco Corporation (MAS) has reported results for the fourth quarter of 2009.
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| Kraft Grows But Misses Estimate Posted: 16 Feb 2010 06:13 AM PST Kraft Foods Inc. (KFT) reported fourth quarter results with earnings of 48 cents per share, below the Zacks Consensus Estimate of 50 cents. However, quarterly earnings were up 17.1% year-over-year. Net revenues for the quarter increased 3.2% year-over-year to $11.0 billion, primarily due to the favorable 3.2% impact of foreign currency, partially offset by negative 0.4% impact from divestitures. However, organic revenues increased 0.4%, driven by 1.6% benefit from volume and mix, partially … [visit site to read more]
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| Research In Motion: A Strong Volume Is Needed To Bring The Technology Stock Higher Posted: 16 Feb 2010 06:01 AM PST Research In Motion (RIMM) seems back in action again and riding on the growth of its Blackberry sales. According to Thomson Reuters, Wall Street is expecting RIM to report fiscal fourth quarter earnings of $1.27 a share on revenue of $4.28 billion. This could probably have been the reason for the strong reversal of RIMM in the past 2 weeks. Technically, RIMM bounced off from $60.78 and touched $71.67 in the last trading session on considerable high volume. However, we need to see … [visit site to read more]
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| Posted: 16 Feb 2010 05:59 AM PST ValueClick Inc. (VCLK) was down 15 cents (or 1.60%) pre-earnings (on February 12, 2010). ValueClick will release its fourth quarter results on February 16. On February 1, ValueClick released its preliminary fourth quarter 2009 revenue of $130.2 million, in line with the company's guidance range of $128 − $138 million. Revenue fell 13.3% from the year-ago level of $150.1 million. Revenue in the quarter includes $110.4 million from continuing operations and $19.8 million from discontinued … [visit site to read more]
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| Posted: 16 Feb 2010 05:51 AM PST Abercrombie & Fitch Co. (ANF), a leading international specialty retailer, reported relatively weak fourth quarter 2009 results with net income of $47.5 million or 53 cents per share, compared to a net income of $68.4 million or 78 cents per share in the year-earlier quarter. The year-over-year decline in results was primarily due to the prolonged economic downturn that resulted in reduced consumer discretionary income and cuts in non-essential spending. The quarterly results also … [visit site to read more]
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| Strayer Education’s Profit Climbs Posted: 16 Feb 2010 05:47 AM PST Strayer Education Inc. (STRA), an education service company, recently reported fourth-quarter 2009 results. Net profit for the quarter soared 32% to $31.9 million from the prior-year quarter.
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| Posted: 16 Feb 2010 05:40 AM PST Merck's (MRK) earnings per share (EPS) for the fourth quarter of 2009 came in at 79 cents (excluding non-recurring items), marginally beating the Zacks Consensus Estimate of 78 cents but lower than 87 cents reported in the year-ago period. For the full-year of 2009, Merck reported EPS of $3.25, down from $3.42 in 2008. Merck reported revenues of $10 billion compared to $6 billion in the fourth quarter of 2008. However, this is not comparable since the reported quarter's results include … [visit site to read more]
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| Posted: 16 Feb 2010 05:32 AM PST The Cheesecake Factory Incorporated (CAKE) recently reported better-than-expected fourth-quarter 2009 results on the heels of effective cost management. Cost savings of over $7 million were realized during the quarter.
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| Today’s Stock Market - 1930 Or 1974 Recovery? Posted: 16 Feb 2010 05:01 AM PST I watched a disturbing video earlier this week from MarketClub. True, it was a promotional video to convince investors to buy their service but it was disturbing none the less. The video’s title, “Is it Deja Vu Again For The Dow?” says it all (although leaving themselves options by posing it as a question). What most struck me was that their case, one we hadn’t heard for about a year, the case that the market today might be similar to the 1929-33 Great Crash. They summed up the argument … [visit site to read more]
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| Forex Trading: Euro Weakness To Persist For The Next 30 Days? Posted: 16 Feb 2010 04:05 AM PST The fx markets main focus continues to be the Greek sovereign debt issue and the potential of something concrete materializing from the ECOFIN meeting today. However, we are doubtful we will hear anything new. The Eurozone members are expected to pressure Greece into endorsing further austerity measures and will be given until mid March to prove it will be able to reach its forecasted deficit targets (we are not sure what an extra few weeks will do but…). As of yet, there has been no official … [visit site to read more]
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| Bear Of The Day: Tessera Technologies (TSRA) Posted: 15 Feb 2010 09:00 PM PST Tessera Technologies, Inc. (TSRA) is a provider of back-end technology for semiconductor manufacturing. The company’s technology enables miniaturization of electronic goods, which is a driver of IC sales in the market today.
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| Bull Of The Day: MWI Veterinary Supply (MWIV) Posted: 15 Feb 2010 09:00 PM PST MWI Veterinary Supply’s (MWIV) first quarter of 2010 earnings per share came in at $0.63, well above the Zacks Consensus Estimate of $0.50 and the year-ago earnings of $0.48.
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| Posted: 15 Feb 2010 09:00 PM PST Dress Barn, Inc. (DBRN), a women’s specialty retailer with a Zacks #1 Rank (’strong buy’), announced better-than-expected fiscal second-quarter sales last week.
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| Stock Buy: Monro Muffler Brake, Inc. Posted: 15 Feb 2010 09:00 PM PST Monro Muffler Brake, Inc. (MNRO) just hit a new 52-week high after reporting strong Q3 results that included 29% revenue growth and a 9% earnings beat as consumers continue to opt for upgrades instead of buying new.
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| Stock Buy: Universal Technical Institute, Inc. Posted: 15 Feb 2010 09:00 PM PST Universal Technical Institute, Inc. (UTI) is soaring after a record quarter. Shares continue to set new 52-week highs and estimates are climbing.
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