Daily Markets - Financial News And Opinions

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• Eight Ways To Profit From The World’s Biggest Spending Boom « Money Morning »
• Swiss Franc: Continuation Of The Rebound « Trading Central »
• Five Energy ETF Options For Bargain Hunting Investors « Michael Johnston »
• Morning News Notes: 2/8/2010 « Guy Lerner »
• Abiomed Beats Zacks Estimate « Zacks Investment Research »
• Trimble Disappoints Again « Zacks Investment Research »
• Forex Trading: AUDUSD. Is A Further Correction Due? « Greg Michalowski »
• Westamerica Misses Estimates « Zacks Investment Research »
• Japanese Yen: The Upside Prevails « Trading Central »
• British Pound: The Upside Prevails « Trading Central »
• Euro: The Upside Prevails « Trading Central »
• Have Traders Abandoned Gold’s “Flight To Safety” Status? « OptionsXpress »
• ACS, Xerox Merger Approved « Zacks Investment Research »
• J. C. Penney January Sales Fall « Zacks Investment Research »
• Stock Market News Briefs: Alliance Data Systems Corporation, CVS Corporation, Goldman Sachs Group, Inc. (The), Hasbro, Inc., Home Depot, Inc. (The), International Business Machines Corporation, J P Morgan Chase & Co, Lorillard, Inc, Morgan Stanley, Newell Rubbermaid Inc., Walt Disney Company (The), Intel Corporation, NVIDIA Corporation « Zacks Investment Research »
• SAP CEO Steps Down « Zacks Investment Research »
• Forex Trading: USDJPY Also Participating In Choppy Monday « Greg Michalowski »
• Another One Down, Bank Failures Hit 16 « Zacks Investment Research »
• Forex Trading: No Specifics At G7 On Forex Or Sovereign Crisis « ACM »
• Forex Trading: GBPUSD Rejects A Move Below The Floor And Squeezes Higher In Choppy Trading « Greg Michalowski »
• Forex Trading: EURUSD Back Below Friday’s Close/shorter Term Moving Averages « Greg Michalowski »
• Where And When Will The Euro Bottom? « Bill Luby »
• U.S. Joins Global Parade Of Countries Plagued By Debt Bomb « Money Morning »
• Stock Buy: Visa, Inc. « Michael Vodicka »
• Stock Buy: Micrus Endovascular « Zacks Investment Research »
• Bear Of The Day: Newell Rubbermaid (NWL) « Zacks Investment Research »
• Bull Of The Day: CPFL Energia S.A. (CPL) « Zacks Investment Research »
• Stock Buy: Wonder Auto Technologies Inc. « Tracey Ryniec »
• Earnings Preview: Heavy Earnings Reports Continue « Dirk Van Dijk »
• Earnings Preview: Heavy Earnings Reports Continue « Dirk Van Dijk »
• Mutual Funds: Top Precious Metals Funds « Zacks Investment Research »

Eight Ways To Profit From The World’s Biggest Spending Boom « Money Morning » Posted: 08 Feb 2010 07:50 AM PST Back in the 1970s, environmentalists feared we were going to “blacktop the Earth.” It’s not likely that will ever happen. However, governments around the world do have plans to pave a good portion of it in the decade to come. And they also plan to build bridges, power plants, water systems, and to develop other infrastructure projects that will bolster the global recovery and meet the needs of an increasingly modern global population. What’s more, the projected pace of new infrastructure … [visit site to read more]

Swiss Franc: Continuation Of The Rebound « Trading Central » Posted: 08 Feb 2010 07:18 AM PST Update on supports and resistances. … [visit site to read more]

Five Energy ETF Options For Bargain Hunting Investors « Michael Johnston » Posted: 08 Feb 2010 07:16 AM PST The first six weeks of 2010 have been a bit on the tumultuous side, as equity markets that came flying out of the gate have done a complete reversal, heading lower and erasing large chunks of the gains recorded in 2009. While the rocky start has been unnerving for investors anxious over the possibility of a double dip recession, others have found a silver lining in the recent pullback, as some big losses have created attractive entrance points in sectors that now appear to be bargains. The … [visit site to read more]

Morning News Notes: 2/8/2010 « Guy Lerner » Posted: 08 Feb 2010 07:07 AM PST The “Morning News Notes” as prepared by TL… Greece, Bernanke, Geithner, Greenspan, unemployment and job creation, and odds of an increase in Fed Funds rate. Just click on the link or the coffee mug below. “Morning News Notes”: February 8, … [visit site to read more]

Abiomed Beats Zacks Estimate « Zacks Investment Research » Posted: 08 Feb 2010 07:00 AM PST Abiomed, Inc. (ABMD) reported third quarter of fiscal 2010 results. For the quarter, net loss per share was 11 cents, beating the Zacks Consensus Estimate of loss per share of 18 cents and the year-ago loss of 20 cents.   Earnings Estimate Revision Trend and Zacks Rank  The earnings estimate revision for Abiomed has demonstrated a mixed trend in the past 30 days. During the period, one out of eleven analysts has downgraded his earnings estimate while none upgraded his … [visit site to read more]

Trimble Disappoints Again « Zacks Investment Research » Posted: 08 Feb 2010 06:45 AM PST Trimble Navigation's (TRMB) third quarter earnings missed consensus estimates by $0.02. Both GAAP and non-GAAP earnings were within management's guided range.   Seasonality typically causes huge sequential fluctuations in both revenue and margins. As a result, management generally compares results on a year-over-year basis. In our discussion, we will include both sequential and year-over-year comparisons, wherever possible.   Revenue of $277.5 million was up 2.9% … [visit site to read more]

Forex Trading: AUDUSD. Is A Further Correction Due? « Greg Michalowski » Posted: 08 Feb 2010 06:34 AM PST Looking at the AUDUSD 5 minute chart over the last 24 hours of trading or so, there is some choppy action. However, there are some "remembered prices" which have created a few floors in the pair in the shorter term. The first floor come in at the 89.20 level where the market used as extreme lows on 3 separate occassions on Friday afternoon, before falling through.  Later the level was used as support leading to the next range higher. The second floor has come in at 0.8642 … [visit site to read more]

Westamerica Misses Estimates « Zacks Investment Research » Posted: 08 Feb 2010 06:30 AM PST Westamerica Bancorp.'s (WABC) reported fourth quarter earnings per share of 79 cents and missed the Zacks Consensus Estimate of 82 cents. Earnings were higher from 71 cents reported in the year-ago quarter but a couple of pennies below 81 cents reported in the prior quarter. During the reported quarter 2009, Westamerica redeemed $42 million in preferred stock requiring accelerated discount accretion of $0.52 million, which reduced earnings per share by 2 cents.   Overall results … [visit site to read more]

Japanese Yen: The Upside Prevails « Trading Central » Posted: 08 Feb 2010 06:18 AM PST Update on supports and resistances. … [visit site to read more]

British Pound: The Upside Prevails « Trading Central » Posted: 08 Feb 2010 06:17 AM PST Update on supports and resistances. … [visit site to read more]

Euro: The Upside Prevails « Trading Central » Posted: 08 Feb 2010 06:17 AM PST Update on supports and resistances. … [visit site to read more]

Have Traders Abandoned Gold’s “Flight To Safety” Status? « OptionsXpress » Posted: 08 Feb 2010 06:17 AM PST Fundamentals It sure looks like some so called “Gold Bugs” have been swatted recently, as the yellow metal’s historic price rise has hit some speed bumps lately. Ironically, one of the big bullish arguments for buying Gold was the fear of rising inflation tied to a weaker U.S. Dollar, as investors feared uncontrolled government spending and rising budget deficits. However, despite no real plan to control the U.S. budget deficit, the U.S. Dollar has risen sharply, especially versus the Euro, as … [visit site to read more]

ACS, Xerox Merger Approved « Zacks Investment Research » Posted: 08 Feb 2010 06:15 AM PST Affiliated Computer Services Inc. (ACS), a leading business process outsourcing firm rose 0.45% after hours after falling 2.28% to close at $59.64, following the company's announcement that shareholders had approved its acquisition by Xerox Corporation (XRX).   The transaction is expected to close soon and as a result, Standard & Poor's announced changes to its index. S&P MidCap 400 constituent Urban Outfitters Inc. (URBN) will replace ACS in the S&P … [visit site to read more]

J. C. Penney January Sales Fall « Zacks Investment Research » Posted: 08 Feb 2010 06:00 AM PST J. C. Penney Company, Inc. (JCP), a leading retailer of apparel, footwear, accessories, fashion jewelry, beauty products, and home furnishings, recently reported sales results for the four-week period ended Jan 30, 2010.   The company's comparable store sales for January dipped 4.6% compared to a 16.4% decline in the same month last year. Comps were better than the company's guidance range of a 5% to 8% decline.   The Plano, Texas-based retailer, J. C. Penney said that … [visit site to read more]

Stock Market News Briefs: Alliance Data Systems Corporation, CVS Corporation, Goldman Sachs Group, Inc. (The), Hasbro, Inc., Home Depot, Inc. (The), International Business Machines Corporation, J P Morgan Chase & Co, Lorillard, Inc, Morgan Stanley, Newell Rubbermaid Inc., Walt Disney Company (The), Intel Corporation, NVIDIA Corporation « Zacks Investment Research » Posted: 08 Feb 2010 05:58 AM PST  CVS Caremark (CVS) posted fourth quarter adjusted earnings of 79 cents, one cent better than Zacks estimates, on revenues of $25.8 billion, which missed Zacks estimates of $26.35 billion  Hasbro (HAS) posted fourth quarter earnings of $1.09, versus Zacks estimates of 81 cents a share on revenues of $1.38 billion up from projections of $1.33 billion  JP Morgan (JPM) upgraded Disney (DIS) to “neutral” from “underweight,” raising the price target to $30 from $28.  … [visit site to read more]

SAP CEO Steps Down « Zacks Investment Research » Posted: 08 Feb 2010 05:45 AM PST SAP AG (SAP) announced that the SAP Supervisory Board has reached an agreement with CEO Leo Apotheker not to extend his contract as a member of the SAP Executive Board. Leo Apotheker has resigned as CEO and member of the SAP Executive Board effective immediately. The company said that it would split the leadership between two co-chief executives, naming Bill McDermott, head of field organization, and Jim Hagemann Snabe, head of product development, to those posts. In addition, Vishal Sikka, … [visit site to read more]

Forex Trading: USDJPY Also Participating In Choppy Monday « Greg Michalowski » Posted: 08 Feb 2010 05:40 AM PST The USDJPY went down and tested the 89.18 midpoint of the move up from Friday's low in early NY trade and bounced.  The bounce higher has not been able to break above the 100 and 200 bar MA on the 5 minute chart (sellers against the moving average levels - see blue and green lines above) which keeps the wraps on the bulls.    As long as the price remains below these moving average levels at the 89.33 and 89.37 levels respectively, the price bias remains to … [visit site to read more]

Another One Down, Bank Failures Hit 16 « Zacks Investment Research » Posted: 08 Feb 2010 05:30 AM PST U.S. regulators on Friday shuttered 1st American State Bank of Minnesota , in Hancock, pushing up U.S. bank failures to 16 so far in 2010. This compares to total number of bank failures of 140 in 2009, 25 in 2008 and only 3 in 2007.   While we expect economic recovery to gain momentum soon, there remain lingering concerns in the banking industry. Failure of both residential and commercial real estate loans as a result of the credit crisis was the primary reason that wounded banks. As the … [visit site to read more]

Forex Trading: No Specifics At G7 On Forex Or Sovereign Crisis « ACM » Posted: 08 Feb 2010 05:11 AM PST “We expect and we are confident that the Greek government will take all the decisions that will permit it to reach that goal,” Trichet said. A statement made earlier, but reiterated by EU members of the G7 this weekend. In addition, EU members spent time trying to reassure non-EU members that Greece’s (Portugal ’s, Spain etc) fiscal problems can be solved without the help of external bodies such as the IMF. However, judging from recent price action, this rhetoric hasn’t helped ease the markets … [visit site to read more]

Forex Trading: GBPUSD Rejects A Move Below The Floor And Squeezes Higher In Choppy Trading « Greg Michalowski » Posted: 08 Feb 2010 05:05 AM PST The GBPUSD has had a choppy trading session as the market fights with negative fundamental bias and a market that may be oversold and in need of a consolidation/non-trend period. Last week the  price moved from a high of 1.6068 to the low of 1.5533 today.   The low from Friday reached 1.5557.  The price is now back above 1.5600, moving above the 100 and 200 bar MA on the 5 minute chart at 1.5583 and 1.5593 respectively.  In addition, the price tested the 1.5557 level … [visit site to read more]

Forex Trading: EURUSD Back Below Friday’s Close/shorter Term Moving Averages « Greg Michalowski » Posted: 08 Feb 2010 04:53 AM PST The EURUSD held support earlier today the 1.3621 level (see floor above) and this gave the pair confidence to move higher. The price moved above the converged 100 and 200 bar Moving averages on the 5 minute chart at 1.3640 area and the price moved sharply higher to 1.3713 where sellers emerged.  The price was then pressured back down as talk of union strikes in Greece brought the debt situation back to the spotlight. So we stand at a neutral levels. The close from Friday is 1.3664.  … [visit site to read more]

Where And When Will The Euro Bottom? « Bill Luby » Posted: 08 Feb 2010 04:01 AM PST Last week was the type of trading week that raised a lot more questions than it answered - at least for me. The epicenter of many of those questions seems to be southern Europe, where Greece, Portugal, Spain and to a lesser extent the remainder of the so-called PIIGS (Portugal, Italy, Ireland, Greece and Spain) have flamed investor concerns that burgeoning public debt may significantly weaken investor demand for sovereign debt and exacerbate an already trouble budgetary crisis. Many … [visit site to read more]

U.S. Joins Global Parade Of Countries Plagued By Debt Bomb « Money Morning » Posted: 08 Feb 2010 03:50 AM PST The most important fundamental development of the week was not any of a slew of economic reports at all but the new federal budget proposal released by the White House. And it was a doozy: The Obama Administration proposed to spend $3.8 trillion, with $1.6 trillion on the equivalent of the national credit card. Investors did not overtly seem to mind today, but they will. It is almost mind-numbing to think we’ve gone from the surplus that President Clinton left President Bush to the … [visit site to read more]

Stock Buy: Visa, Inc. « Michael Vodicka » Posted: 07 Feb 2010 09:00 PM PST Visa, Inc. (V) is once again pressuring its 52-week and all-time high at $87 after reporting better than expected Q1 results on Feb 3 that saw a 33% increase in profit from last year. First-Quarter Results Revenue was up 13% to $1.96 billion. Earnings also came in strong at 99 cents, 8 cents ahead of the Zacks Consensus Estimate. The company has surprised in each of the last four quarters by an average of 6 cents, or 8%. Visa noted that its results were driven by an increase in transaction … [visit site to read more]

Stock Buy: Micrus Endovascular « Zacks Investment Research » Posted: 07 Feb 2010 09:00 PM PST Micrus Endovascular Corp (MEND)) shares are surging on the latest quarterly report. The company and analysts have raised their full-year outlook. Revenues Surging On Feb 4 Micrus released quarterly results that showed a 24% increase in revenue, to a record high. Sales rose to %22.8 million. Net income came in at $3.3 million, up from a loss one year ago. Earnings per share were 20 cents, almost triple the Zacks Consensus Estimate of 7 cents. This was the fourth consecutive earnings surprise. … [visit site to read more]

Bear Of The Day: Newell Rubbermaid (NWL) « Zacks Investment Research » Posted: 07 Feb 2010 09:00 PM PST Newell Rubbermaid’s (NWL) susceptibility to the global economic downturn is adversely affecting its top-line growth. The company recorded a 14% decline in net sales during 2009 amid a drastic squeeze in consumer disposable income and corporate spending. Moreover, intense competition from other established manufacturers, coupled with a debt-heavy balance sheet and exposure to adverse foreign currency translations, severely undermine the company’s future growth prospects and … [visit site to read more]

Bull Of The Day: CPFL Energia S.A. (CPL) « Zacks Investment Research » Posted: 07 Feb 2010 09:00 PM PST We are maintaining our Outperform rating on CPFL Energia S.A. (CPL). The company posted in-line results for the third quarter of 2009, despite non-recurring items. The company’s outlook for the short-to-medium term remains positive, mainly considering the more relaxed monetary policy in Brazil and the growing demand for electricity, even though the company is still contending with a difficult business environment around the world. Finally, CPL has a solid dividend payout and its valuation … [visit site to read more]

Stock Buy: Wonder Auto Technologies Inc. « Tracey Ryniec » Posted: 07 Feb 2010 09:00 PM PST Wonder Auto Technologies, Inc. (WATG), the Chinese-based automotive parts manufacturer, has gotten a little cheaper since I last reviewed it in June 2009. The company has a PEG ratio of just 0.54. Analysts expect earnings growth of 20.20% in 2009. The Zacks Consensus Estimate has been holding at 84 cents per share for the last 90 days. Wonder Auto is expected to report fourth quarter and full year results on Feb 11. In a press release on Jan 28, the company said it expects 2009 results to … [visit site to read more]

Earnings Preview: Heavy Earnings Reports Continue « Dirk Van Dijk » Posted: 06 Feb 2010 09:00 PM PST Earnings Preview 2/5/10 While the bulk of earnings reports are in, there are still many to go, and next week we still have a heavy earnings calendar with a total or 462 firms scheduled to report. Some of the more noteworthy firms reporting are New York Times (NYT), Allstate (ALL), Walt Disney (DIS), Prudential (PRU) and Pepsico (PEP). Unlike the last two weeks, the economic data calendar is relatively light. Monday No releases of note. Tuesday Data on wholesale inventories is … [visit site to read more]

Earnings Preview: Heavy Earnings Reports Continue « Dirk Van Dijk » Posted: 06 Feb 2010 09:00 PM PST {tf1macansicpg10000cocoartf824cocoasubrtf480 {fonttblf0fswissfcharset77 Helvetica;f1fswissfcharset77 ArialMT;} {colortbl;ed255green255blue255;} margl1440margr1440vieww9000viewh8400viewkind0 pardtx720tx1440tx2160tx2880tx3600tx4320tx5040tx5760tx6480tx7200tx7920tx8640qlqnaturalpardirnatural f0fs24 cf0 Earnings Preview 2/5/10 While the bulk of earnings reports are in, there are still many to go, and next week will still have a heavy earnings calendar with a total or 462 firms scheduled to … [visit site to read more]

Mutual Funds: Top Precious Metals Funds « Zacks Investment Research » Posted: 05 Feb 2010 10:56 PM PST Precious metals funds can be a great addition to your portfolio, especially in times of economic uncertainty. They can offer superior protection against inflation, and protection against currency risk. Historically Precious metals funds outperform other sectors during a market downturn, and the current recession has proven this to be true. Precious metals funds, because they are diversified and professionally managed, offer the most stable option to invest in this sector. Below we will share … [visit site to read more]

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