Daily Markets - Financial News And Opinions |
- The Greatest Money War Of All Time « Martin D. Weiss »
- Macy’s Raises Outlook « Zacks Investment Research »
- Paychex Inc. Offers A Chance To Profit From The New Employment Paradigm Shift « Horacio Marquez »
- Inflation: Ignoring Doesn’t Make It Go Away « Daily Reckoning »
- Forex Trading: GBPUSD Falls Below Support At 1.5629/36 And Tests 100 Bar MA « Greg Michalowski »
- NHP Acquires 2 Properties « Zacks Investment Research »
- 99 Cents Easily Beats Ests « Zacks Investment Research »
- Video: Lack Of Economic Data Creates Mixed Money Markets « NYFP »
- BG Wraps Up Initial Moema Deal « Zacks Investment Research »
- Japanese Car Trouble « Daily Reckoning »
- Video: Market Movers: HAS, AZO, MCO, MHP, DIS, ARG, APD « NYFP »
- Bruce Greenwald Interview On Benjamin Graham And Value Investing « Jacob Wolinsky »
- EU Approves Merck’s Elonva « Zacks Investment Research »
- Luminex Revenues Expand « Zacks Investment Research »
- ON Semi Looks Good « Zacks Investment Research »
- Silgan Outperforms « Zacks Investment Research »
- Toyota Prius Faces Recall « Zacks Investment Research »
- Life Sells Mass Spectrometry Biz « Zacks Investment Research »
- Forex Trading: AUDUSD Stalls At The Key Resistance. « Greg Michalowski »
- Earnings Preview: Teradata « Zacks Investment Research »
- Forex Trading: EURJPY Tests Key Level At 122.42 « Greg Michalowski »
- Australian Dollar: Continuation Of The Rebound « Trading Central »
- Canadian Dollar: Continuation Of The Rebound « Trading Central »
- SPIL Tops Estimates « Zacks Investment Research »
- Badger Meter Disappoints « Zacks Investment Research »
- Brazilian Rate Hike In March? « Daily Reckoning »
- Forex Trading: USDJPY In Narrow Range Still « Greg Michalowski »
- Conmed Surpasses Estimate « Zacks Investment Research »
- Video: NYSE Opening Bell Market Monitor: CVS, HAS, DIS « NYFP »
- Video: CVS Prescribes A 4Q Profit « NYFP »
- CVS Beats By A Penny « Zacks Investment Research »
- Buckeye Rises On Cost Initiatives « Zacks Investment Research »
- Video: Asian Markets Volatile To Start Week « NYFP »
- The Budget That Forecasts America’s Decline « Daily Reckoning »
- Analyst Interviews: Insurance Industry Stock Update « Zacks Investment Research »
- Stock Buy: Scripps Networks Interactive « Zacks Investment Research »
- Pentagon’s Economic War Game With China “May Spell Disaster” « Daily Reckoning »
| The Greatest Money War Of All Time « Martin D. Weiss » Posted: 08 Feb 2010 11:50 AM PST We are caught in the grips of a great war! It is not a traditional land or sea war with tanks and battleships. Nor is it an anti-terrorist, guerilla war for hearts and minds. Rather, it is war of a third kind - pitting government bureaucrats against millions of investors … and causing massive collateral damage to innocent Americans. Battle by battle, this great war has been escalated - each time with bigger guns deployed by Washington, each time with deadlier attacks striking Wall … [visit site to read more]
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| Macy’s Raises Outlook « Zacks Investment Research » Posted: 08 Feb 2010 11:05 AM PST Macy's Inc. (M) raised its earnings guidance for the fourth quarter and fiscal 2009, buoyed by better-than-expected sales and effective cost management.
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| Paychex Inc. Offers A Chance To Profit From The New Employment Paradigm Shift « Horacio Marquez » Posted: 08 Feb 2010 11:01 AM PST The U.S. labor picture may not be clear, but investors can profit by acquiring shares of Paychex Inc. (PAYX) to take advantage of the new employment paradigm. As the former head of credit and analysis for ADP Capital Management, the investment arm of Automatic Data Processing (ADP), I know the outsourced payroll industry from the inside out. ADP - a company in which I have kept the stock I received - is the leader in the payroll sector. It focuses on the larger and more stable … [visit site to read more]
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| Inflation: Ignoring Doesn’t Make It Go Away « Daily Reckoning » Posted: 08 Feb 2010 11:00 AM PST Being absolutely Frightened Out Of My Mind (FOOMM) about inflation, I am always looking at how much things cost and seeing if there is any inflation, so that the next time somebody tells me that inflation is "tame, benign, absent, nothing to worry about", I can shake my proof in their stupid little faces and say, "Oh, yeah? Then what do you call this, ya moron?"
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| Forex Trading: GBPUSD Falls Below Support At 1.5629/36 And Tests 100 Bar MA « Greg Michalowski » Posted: 08 Feb 2010 10:54 AM PST The 1.5629/36 level was resistance on the way up today, support on the correction and then the level gave way leading a move down to test the 100 bar MA on the 5 minute chart at the 1.5606 level (low reached 1.5604). The price has rebounded off the low. The price should now find resistance at the 1.5629 … [visit site to read more]
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| NHP Acquires 2 Properties « Zacks Investment Research » Posted: 08 Feb 2010 10:48 AM PST Nationwide Health Properties, Inc. (NHP), a real estate investment trust (REIT) that invests in healthcare facilities, recently acquired 2 medical office buildings (MOB) from Pacific Medical Buildings LLC. Pacific Medical specializes exclusively in the development and management of MOB, outpatient facilities and parking structures for hospitals, medical groups and universities.
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| 99 Cents Easily Beats Ests « Zacks Investment Research » Posted: 08 Feb 2010 10:32 AM PST 99 Cents Only Stores Inc. (NDN) recently reported its fiscal 2010 third quarter results. The company recorded a strong 97% growth in earnings to $24.5 million from $12.4 million in the year-ago period. Earnings per share came in at 35 cents, easily beating the Zacks Consensus Estimate by 10 cents. The company reported EPS of 18 cents in the year-earlier quarter.
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| Video: Lack Of Economic Data Creates Mixed Money Markets « NYFP » Posted: 08 Feb 2010 10:19 AM PST The money markets traded mixed this session following a lack of economic data that has left currency pairs mostly unchanged. … [visit site to read more]
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| BG Wraps Up Initial Moema Deal « Zacks Investment Research » Posted: 08 Feb 2010 10:15 AM PST Bunge Ltd. (BG), a leading global agribusiness and food company in the U.S., has recently completed the first phase of 100% acquisition of Usina Moema Participacoes S.A., a holding company that wholly owns one sugarcane mill in Brazil and has ownership interests in five others. With this, Bunge has obtained 100% ownership of three of the mills (Moema, Frutal and Ouroeste), 70% of a fourth mill (Guariroba) and approximately 44% of a fifth mill (Itapagipe). The company … [visit site to read more]
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| Japanese Car Trouble « Daily Reckoning » Posted: 08 Feb 2010 10:11 AM PST The past few weeks have not been easy for the Japanese.
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| Video: Market Movers: HAS, AZO, MCO, MHP, DIS, ARG, APD « NYFP » Posted: 08 Feb 2010 10:08 AM PST The latest news and information on U.S. stocks that are moving the market. … [visit site to read more]
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| Bruce Greenwald Interview On Benjamin Graham And Value Investing « Jacob Wolinsky » Posted: 08 Feb 2010 10:01 AM PST I found a recent video interview with guru value investor Bruce Greenwald. Bruce Greenwald is interviewed by an Financial Times Reporter on value investing. Bruce Greenwald is one of my favorite value gurus. He is the author of Value Investing: From Graham to Buffett and Beyond (Wiley Finance) which is a superb book on value investing. The book is required reading for guru Joel Greenblatt’s class in Columbia business school. Bruce Greenwald is also a director of research at First Eagle Funds. … [visit site to read more]
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| EU Approves Merck’s Elonva « Zacks Investment Research » Posted: 08 Feb 2010 10:00 AM PST Recently, Merck & Co. Inc. (MRK) received approval from the European Commission (EC) for its fertility drug Elonva (corifollitropin alfa injection). The drug will be used as a treatment in controlled ovarian stimulation (COS) coupled with a GnRH antagonist for the development of multiple follicles in women who have participated in an assisted reproductive technology (ART) program. This approval does not come as a surprise as in 2009 Elonva received a recommendation for approval … [visit site to read more]
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| Luminex Revenues Expand « Zacks Investment Research » Posted: 08 Feb 2010 09:45 AM PST Luminex Corp. (LMNX) reported fourth-quarter fiscal 2009 earnings (excluding the release of the valuation allowance) of $5.2 million or 12 cents per share, up from $2 million or 5 cents per share in the year-ago quarter. The Zacks Consensus Estimate for the reported quarter was a gain of 7 cents. Quarter in Detail Total revenues for the reported quarter came in at $38.2 million as against $28.2 million in the year-ago period, up approximately 35%. As per segments, revenues from … [visit site to read more]
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| ON Semi Looks Good « Zacks Investment Research » Posted: 08 Feb 2010 09:30 AM PST ON Semiconductor (ONNN) reported fourth quarter earnings that beat the Zacks Consensus estimate by 4 cents. Revenue Revenue of $497.1 million was up 5.1% sequentially and down 1.7% year over year. This was better than management's revenue expectations of 480-495 million (up 2-5% sequentially). The Americas drove the strength in the last quarter, increasing 41.8% sequentially. In comparison, Europe was flat (up 0.6%) and Asia actually declined 2.2%. The largest chunk of ON's … [visit site to read more]
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| Silgan Outperforms « Zacks Investment Research » Posted: 08 Feb 2010 09:15 AM PST Silgan Holdings Inc. (SLGN) reported its fourth-quarter earnings last week. The company posted earnings of 63 cents per share, beating the Zacks Consensus Estimate of 54 cents and up 40.0% from the year-ago earnings of 45 cents per share.
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| Toyota Prius Faces Recall « Zacks Investment Research » Posted: 08 Feb 2010 09:12 AM PST Toyota Motor's (TM) popular 2010 Prius hybrid automobile faces a recall, adding to the series of the automaker's recalls in the past few months. Toyota will decide upon the magnitude of the recall this week.
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| Life Sells Mass Spectrometry Biz « Zacks Investment Research » Posted: 08 Feb 2010 09:00 AM PST Life Technologies Corporation (LIFE) recently completed the sale of its mass spectrometry business to Danaher Corporation (DHR) for $450 million in cash, subject to a conventional working capital adjustment. Danaher also acquired Life's joint venture partner in the mass spectrometry business, MDS Analytical Technologies, a division of MDS Inc. (MDZ).
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| Forex Trading: AUDUSD Stalls At The Key Resistance. « Greg Michalowski » Posted: 08 Feb 2010 08:52 AM PST The AUDUSD has stalled at the 87.07 resistance level (see prior post). Above the level is also the high from last Friday which comes in at the 0.8717 level . The high reached 0.8708. The correction lower off the high has been able to stay above the 100 bar MA on the 5 minute chart which ultimately is the bottom side support/stop level. If this MA level can hold, it keeps the potential open for another test of the high resistance levels (0.8707/17). A move above this … [visit site to read more]
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| Earnings Preview: Teradata « Zacks Investment Research » Posted: 08 Feb 2010 08:30 AM PST Teradata Corporation (TDC) announced that it would release its 2009 fourth quarter results before the market opens on Feb 11, 2010.
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| Forex Trading: EURJPY Tests Key Level At 122.42 « Greg Michalowski » Posted: 08 Feb 2010 08:29 AM PST The EURJPY has key resistance at the 122.42 level. The level corresponds with the 61.8% of the move up from the Jan 2009 low to the June 2009 high. The price moved up and tested the level in the last move higher but has come off . A move above is needed to inject more bullishness for the pair today. Looking at the hourly chart the price did move above this level earlier in the day - reaching a high of 122.77. This is the next target on the upside. … [visit site to read more]
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| Australian Dollar: Continuation Of The Rebound « Trading Central » Posted: 08 Feb 2010 08:17 AM PST |
| Canadian Dollar: Continuation Of The Rebound « Trading Central » Posted: 08 Feb 2010 08:17 AM PST |
| SPIL Tops Estimates « Zacks Investment Research » Posted: 08 Feb 2010 08:15 AM PST Siliconware Precision Industries Co. Ltd (SPIL) reported earnings from continuing operations of 21 cents per ADR for the fourth quarter of 2009, exceeding the Zacks Consensus Estimate of 14 cents. For the fourth … [visit site to read more]
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| Badger Meter Disappoints « Zacks Investment Research » Posted: 08 Feb 2010 08:00 AM PST Badger Meter (BMI) recently reported its fourth quarter results. The company reported earnings of 34 cents per share, which is below the Zacks Consensus Estimate of 37 cents per share as well as the prior-year EPS of 42 cents. Quarterly sales declined 16.6% to $56.4 million from $67.6 million in the fourth quarter of 2008. The company said that the sales were down across most of the product lines due to economic downturn and slowdown in customer purchases as they wait for federal … [visit site to read more]
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| Brazilian Rate Hike In March? « Daily Reckoning » Posted: 08 Feb 2010 08:00 AM PST The dollar bulls were celebrating again on Friday, as the dollar rally continued. The recent strength in the US dollar will probably continue this week, as it looks like it will be fairly uneventful as far as data releases. We won't have any reports out in the US today, and tomorrow will only bring the wholesale inventory number. Wednesday we will see December's trade balance along with the monthly budget statement for January. Both of these numbers will likely reflect an ever-growing … [visit site to read more]
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| Forex Trading: USDJPY In Narrow Range Still « Greg Michalowski » Posted: 08 Feb 2010 07:51 AM PST The 200 and 100 bar MA have done a good job of capping the topside resistance at the 89.33-36 level during the NY session. As London gets ready to leave for the day will the 11-12PM time period start a move? A move down, has to now get through the 89.13-18 area to confirm the bearishness. A move back above 89.36 turns the short term bias to the upside. A break should lead to further upside momentum.
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| Conmed Surpasses Estimate « Zacks Investment Research » Posted: 08 Feb 2010 07:45 AM PST Conmed Corporation (CNMD) reported fourth quarter and full fiscal 2009 results. For the quarter, earnings per share were 37 cents, surpassing the Zacks Consensus Estimate of 32 cents and the year-ago earnings of 34 cents. In fiscal 2009, earnings per share were $1.00, lower than the year-ago earnings of $1.54. Quarterly results Total sales in the fourth quarter increased 6.4% year over year to $190.6 million. Growth was registered across all major business … [visit site to read more]
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| Video: NYSE Opening Bell Market Monitor: CVS, HAS, DIS « NYFP » Posted: 08 Feb 2010 07:39 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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| Video: CVS Prescribes A 4Q Profit « NYFP » Posted: 08 Feb 2010 07:32 AM PST The CVS Caremark Corporationn (CVS) announced Monday that it posted a larger-than-expected 4Q profit. … [visit site to read more]
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| CVS Beats By A Penny « Zacks Investment Research » Posted: 08 Feb 2010 07:30 AM PST CVS Caremark's (CVS) fourth quarter earnings came in at 79 cents per share, a cent above the Zacks Consensus Estimate of 78 cents and higher than 70 cents reported in the year-ago period. Revenues increased 7% year-over-year to $25.8 billion primarily due to robust growth of both segments - Pharmacy Services and Retail Pharmacy. For the full-year 2009, CVS reported earnings per share of $2.74 compared to $2.44 in 2008. Revenues recorded a 12.9% growth at $98.7 … [visit site to read more]
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| Buckeye Rises On Cost Initiatives « Zacks Investment Research » Posted: 08 Feb 2010 07:15 AM PST Buckeye Partners L.P. (BPL) earnings in the fourth quarter of 2009 were above Zacks Consensus Estimate of 92 cents per limited partner unit and earnings reported a year ago of 89 cents. Buckeye reported earnings of $1.03 per unit in the quarter. For the full-year 2009, the partnership reported earnings of $3.63 per unit compared to the Zacks Consensus Estimate of $3.50 and the year-ago earnings of $3.00.
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| Video: Asian Markets Volatile To Start Week « NYFP » Posted: 08 Feb 2010 06:53 AM PST The major Asian/Pacific markets got off to quite an active start this session with Japan’s Nikkei dropping on continued declines from automakers including Toyota. … [visit site to read more]
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| The Budget That Forecasts America’s Decline « Daily Reckoning » Posted: 08 Feb 2010 04:58 AM PST A recent analysis by David Sanger describes how US financial weakness is translating into the decline of its international power. He begins with a stark look at how the US deficit is projected to rise to 11 percent of economic output, but then goes on to explain…
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| Analyst Interviews: Insurance Industry Stock Update « Zacks Investment Research » Posted: 07 Feb 2010 09:00 PM PST The turmoil in the financial markets has created a highly challenging environment for the U.S. insurance industry, forcing many companies to take immense write-downs. This trend is expected to continue at least through the first half of 2010, though there are some early signs of an economic recovery. Also, structural economies of scale have pushed the industry toward consolidation.
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| Stock Buy: Scripps Networks Interactive « Zacks Investment Research » Posted: 07 Feb 2010 09:00 PM PST Scripps Networks Interactive, Inc. (SNI) is seeing bullish earnings forecasts ahead of reporting next week. The current full-year Zacks Consensus Estimate of $1.77 per share was upped from $1.71 over the past 3 months.
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| Pentagon’s Economic War Game With China “May Spell Disaster” « Daily Reckoning » Posted: 07 Feb 2010 01:00 PM PST Given record levels of indebtedness all around the industrialized world, it's probably an inopportune moment in time for the US to be stirring the political pot with China through weapon sales to Taiwan and other measures. The rising Asian power holds in its arsenal trade restrictions, hackers, and, probably the most significant area of concern, the "debt bomb" that China's been steadily building.
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