Daily Markets - Financial News Updates |
- ETF Spotlight: ETFS Physical Platinum (PPLT) « Tom Lydon »
- Bearish Options Players Mow Down Gold Fields « Andrew Wilkinson »
- Checking In On Ten Major ETF Launches From 2009 « Michael Johnston »
- Greece, Spain And The Pulse Of European Anxiety « Bill Luby »
- Diamond Offshore Misses Badly « Zacks Investment Research »
- Greece’s Woes Demonstrate That The Fuse Has Been Lit On The Global Debt Bomb « Martin Hutchinson »
- Deficits In Wartime: Surviving The Invisible Depression « Daily Reckoning »
- Novellus Beats, Guidance Modest « Zacks Investment Research »
- Burger King’s Profit Climbs « Zacks Investment Research »
- Video: Crude Tumbles On Strong Dollar & Weak Jobs Report « NYFP »
- Walter Energy Lags, Sales Down « Zacks Investment Research »
- Video: Market Movers: MWW, BGP, V, DAL, CAL « NYFP »
- Video: Burger King Cooks Up 4Q Profits « NYFP »
- Moody’s Beats In Q4 « Zacks Investment Research »
- Video: Risk Aversion Surges On Weak Jobless Claims Figures « NYFP »
- TIPS On How To Protect Yourself From Inflation « Daily Reckoning »
- Monster Reports In-line Numbers « Zacks Investment Research »
- Sara Lee Beats Expectations « Zacks Investment Research »
- L-3 Comm Raises Dividend « Zacks Investment Research »
- 3 Problems With The Biggest Bubble In History « Daily Reckoning »
- The Road Map To Higher Interest Rates: Seven Signs Of The End Of Free Money « Louis Basenese »
- Synopsys Grabs VaST Systems « Zacks Investment Research »
- Thermo Fisher To Acquire Finnzymes « Zacks Investment Research »
- Oil Prices Set To Surge To $90 A Barrel By Midyear, Retest Record High In 2011 « Money Morning »
- Statoil To Spin Off Retail Arm « Zacks Investment Research »
- Arris Upgraded To Outperform « Zacks Investment Research »
- Traders Show No Love For The Euro « OptionsXpress »
- Broadcom Exceeds Expectations « Zacks Investment Research »
- Disruptive Innovation From The Invasion Of The Retail Health Clinics: A 20X Increase In 9 Years « Mark Perry »
- Global Economic Growth Takes A Hit « Daily Reckoning »
- Video: Jobless Claims Have Made Investors Nervous « NYFP »
- Allergan Beats, Outlook Disappoints « Zacks Investment Research »
- Forex Trading: GBPUSD Continues On It’s Quest Toward 38.2% Retracement Target « Greg Michalowski »
- Initial Jobless Claims Up Again « Zacks Investment Research »
- Kimco Realty’s Revenue Rises « Zacks Investment Research »
- Video: NYSE Opening Bell Market Monitor: BKC, AVP, KFT « NYFP »
- Forex Trading: EURUSD Breaks Through The 1.3800 Level And Stops Triggered « Greg Michalowski »
- Equity Residential Sees Growth « Zacks Investment Research »
- Video: Asian Markets Covered In Red « NYFP »
- Mutual Funds: Top John Hancock Funds « Zacks Investment Research »
- Stock Buy: Korn Ferry International, Inc. « Michael Vodicka »
- Stock Buy: Corning Incorporated « Zacks Investment Research »
| ETF Spotlight: ETFS Physical Platinum (PPLT) « Tom Lydon » Posted: 04 Feb 2010 11:50 AM PST ETF Spotlight on ETFS Physical Platinum (PPLT), part of a weekly series. Assets: ETF Securities, the provider of PPLT, announced that assets hit $372 million as of Feb. 1 Objective: To reflect the performance of the price of platinum, minus expenses Holdings: PPLT is backed by platinum bullion bars held in both London and Switzerland What You Should Know PPLT is currently the only U.S.-listed ETF that gives investors physical exposure to platinum
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| Bearish Options Players Mow Down Gold Fields « Andrew Wilkinson » Posted: 04 Feb 2010 11:50 AM PST GFI - Gold Fields, Ltd. ADR - Bearish traders romped through Gold Fields today with shares of the gold mining company down sharply by 8% to $10.98. The April and July contracts were both heavily populated with pessimism as options traders utilized both calls and puts to brace for- and benefit from- continued downward movement in the price of the underlying shares. One trader purchased a put spread by picking up 1,500 deep in-the-money put options at the April $13 strike for a premium of … [visit site to read more]
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| Checking In On Ten Major ETF Launches From 2009 « Michael Johnston » Posted: 04 Feb 2010 11:15 AM PST Last year saw more than 100 new product launches, ranging from plain vanilla equity and bond funds to ETFs offering exposure to exotic new investment strategies and asset classes previously available only to a limited slice of the investing community. The innovation that has made ETFs a popular alternative to mutual funds seems ready to continue through2010. Based on discussions with industry executives and others covering the industry, it seems like a safe bet that 2010 will shatter existing … [visit site to read more]
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| Greece, Spain And The Pulse Of European Anxiety « Bill Luby » Posted: 04 Feb 2010 11:11 AM PST Investors who are attempting to get a sense of the magnitude of anxiety about the economic problems in Greece have a multitude of ways in which to measure how markets are evaluating the situation. Perhaps the most direct approach is with Greece credit default swaps, but the sovereign credit information available to retail investors through firms such as Markit is neither timely or comprehensive. The euro is another excellent proxy for sentiment about Greece and the rest of the … [visit site to read more]
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| Diamond Offshore Misses Badly « Zacks Investment Research » Posted: 04 Feb 2010 11:09 AM PST Diamond Offshore Drilling Inc. (DO) reported significantly weaker-than-expected fourth quarter 2009 results due to a severe contraction in utilization rate for jackups and high specification floaters. This was further aggravated by an increased income tax expense.
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| Greece’s Woes Demonstrate That The Fuse Has Been Lit On The Global Debt Bomb « Martin Hutchinson » Posted: 04 Feb 2010 11:01 AM PST The big story in the international markets so far in the New Year has been the increasing shakiness of a number of countries’ government bonds, with Greece right now being the most troubled of all. Since U.S. investors tend to avoid foreign government bonds, many will dismiss this as an irrelevant development. That’s a mistake. The reality is that the international implications of this bond-market problem are serious for the world’s stock markets, as well as for the global economy … [visit site to read more]
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| Deficits In Wartime: Surviving The Invisible Depression « Daily Reckoning » Posted: 04 Feb 2010 11:00 AM PST Dear, dear reader…we're sorry to write so much. We would have written less…but we just didn't have time.
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| Novellus Beats, Guidance Modest « Zacks Investment Research » Posted: 04 Feb 2010 10:53 AM PST Novellus Systems' (NVLS) third quarter earnings beat the Zacks Consensus Estimate by $0.06. Revenue beat by 3.0%.
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| Burger King’s Profit Climbs « Zacks Investment Research » Posted: 04 Feb 2010 10:36 AM PST Despite the macroeconomic headwinds faced by Burger King Holdings Inc. (BKC), the second largest hamburger chain after McDonald's Corporation (MCD), its second-quarter 2010 profit climbed 13% year-over-year to $50.2 million on the heels of “Value Menu” offerings and favorable currency movements.
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| Video: Crude Tumbles On Strong Dollar & Weak Jobs Report « NYFP » Posted: 04 Feb 2010 10:25 AM PST Front month crude prices took a big hit this session by falling more than 2% on a stronger dollar and weak jobless claims figures. … [visit site to read more]
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| Walter Energy Lags, Sales Down « Zacks Investment Research » Posted: 04 Feb 2010 10:24 AM PST Walter Energy Inc.'s (WLT) fourth-quarter earnings of 54 cents per share was below the Zacks Consensus Estimate of 59 cents and the year-ago profit of $4.37 due to lower revenues and operating income. For the full year 2009, the company reported earnings of $2.55 per share, way below the Zacks Consensus Estimate of $2.63 and the last year's earnings of $6.35.
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| Video: Market Movers: MWW, BGP, V, DAL, CAL « NYFP » Posted: 04 Feb 2010 10:21 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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| Video: Burger King Cooks Up 4Q Profits « NYFP » Posted: 04 Feb 2010 10:07 AM PST Burger King Holdings announced Thursday that due to its promotional menu, 4Q profit surged well above expectations. … [visit site to read more]
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| Moody’s Beats In Q4 « Zacks Investment Research » Posted: 04 Feb 2010 10:06 AM PST Moody's Inc.'s (MCO) fourth-quarter earnings beat the Zacks Consensus Estimate of 40 cents per share. Excluding restructuring charges, quarterly earnings stood at 42 cents, up 13.5% from 37 cents in the year-ago period. The results reflected improvement in the credit market due to the broadening of corporate debt issuance from investment-grade into high-yield, boosting the company's earnings.
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| Video: Risk Aversion Surges On Weak Jobless Claims Figures « NYFP » Posted: 04 Feb 2010 10:01 AM PST In-depth coverage of daily money market movements containing technical analysis and detailed forecasts into particular currency pairs; reported directly from the floor of the NYSE. … [visit site to read more]
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| TIPS On How To Protect Yourself From Inflation « Daily Reckoning » Posted: 04 Feb 2010 10:00 AM PST "You would probably suck less as a friend than you do as a boyfriend," a disgruntled girlfriend once remarked to your California editor. "But then I'm not really sure about that either."
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| Monster Reports In-line Numbers « Zacks Investment Research » Posted: 04 Feb 2010 09:49 AM PST Monster Worldwide, Inc. (MWW) reported revenues of $213 million in the fourth quarter, down 27% year over year. Total revenues were positively impacted by approximately $8 million due to movement in foreign exchange rates. The company generated 42% of its revenues outside the United States.
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| Sara Lee Beats Expectations « Zacks Investment Research » Posted: 04 Feb 2010 09:39 AM PST Sara Lee Corp. (SLE) reported strong operating income growth for the second quarter of fiscal 2010, driven by significant improvement in operating segment income across the company, particularly in the North American Retail and International Beverage business segments, and lower corporate expenses.
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| L-3 Comm Raises Dividend « Zacks Investment Research » Posted: 04 Feb 2010 09:33 AM PST L-3 Communications Holdings Inc. (LLL) increased its regular quarterly cash dividend by 14% from 35 cents to 40 cents per share. The dividend is payable on March 15, 2010, to shareholders of record at the close of business as of March 1, 2010.
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| 3 Problems With The Biggest Bubble In History « Daily Reckoning » Posted: 04 Feb 2010 09:30 AM PST So much speculation is being focused on asset bubbles – where they are, how large they may be, and how much time they have left – while a much bigger bubble looms. That bubble is China's $2.4 trillion in foreign currency reserves. According to William Pesek, we are witnessing "China's currency reserves grew by more than the gross domestic product of Norway in 2009."
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| The Road Map To Higher Interest Rates: Seven Signs Of The End Of Free Money « Louis Basenese » Posted: 04 Feb 2010 09:21 AM PST Thursday, February 4, 2010: Issue #1190
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| Synopsys Grabs VaST Systems « Zacks Investment Research » Posted: 04 Feb 2010 09:17 AM PST Leading electronic design automation (EDA) company Synopsys Inc. (SNPS) recently closed the acquisition of VaST Systems Technology Corporation. This acquisition is expected to augment the company's virtual prototyping solutions portfolio and cater to the automotive and consumer applications customer in a better way. VaST Systems was founded in 1997 and is backed by Foundation Capital, Mohr Davidow Ventures and Allen & Buckeridge. With this acquisition, Synopsys gets access to the … [visit site to read more]
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| Thermo Fisher To Acquire Finnzymes « Zacks Investment Research » Posted: 04 Feb 2010 09:02 AM PST Thermo Fisher Scientific Inc. (TMO) has recently signed an agreement to acquire Finnzymes, a provider of integrated tools for molecular biology analysis, including reagents, instruments, consumables and kits. Financial terms of the agreement have not been disclosed. Thermo Fisher expects to complete the acquisition in the first quarter of fiscal 2010. The acquisition is not expected to have any material impact on the company's financial results in fiscal 2010.
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| Oil Prices Set To Surge To $90 A Barrel By Midyear, Retest Record High In 2011 « Money Morning » Posted: 04 Feb 2010 09:01 AM PST In its 2010 forecast series, Money Morning predicted the price of oil would reach $100 a barrel by the end of the year. And while crude prices stalled in January, a growing body of evidence suggests that call may not be far off. Oil prices rose above $80 a barrel for the first time ever on Sept. 13, 2007. From there they jumped 84% to $147 a barrel in July 2008. Then, in 2009, they surged more than 133% from a low of $34.03 a barrel in February to $79.39 a barrel at the end of … [visit site to read more]
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| Statoil To Spin Off Retail Arm « Zacks Investment Research » Posted: 04 Feb 2010 08:46 AM PST The Board of Directors of Norwegian oil major Statoil ASA (STO) has decided to spin off the group's energy and retail (E&R) business for creating a new ownership structure. The company said that the step will strengthen this business with the new company's direct access to the capital markets. Statoil hopes the listing of the new company on the stock exchange to be in the fourth quarter this year.
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| Arris Upgraded To Outperform « Zacks Investment Research » Posted: 04 Feb 2010 08:31 AM PST We upgrade our recommendation for Arris Group Inc. (ARRS) to Outperform ahead of its fourth quarter 2009 financial results. Arris has established a strong presence in the rapidly growing cable modem, cable modem termination systems, and embedded multimedia terminal adapter markets.
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| Traders Show No Love For The Euro « OptionsXpress » Posted: 04 Feb 2010 08:17 AM PST Fundaamentals
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| Broadcom Exceeds Expectations « Zacks Investment Research » Posted: 04 Feb 2010 08:01 AM PST Broadcom Corporation (BRCM) reported revenues of $1.34 billion in the fourth quarter of 2009, up 7.1% from the prior quarter and up 19.2% from the year-ago quarter. The sequential revenue growth in the quarter was a result of overall strength in broadband and enterprise businesses, which were up 14% and 18% respectively but partially offset by an expected seasonal decline in mobile and wireless business. The upside in revenue was driven by new product ramps, normal customer order … [visit site to read more]
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| Posted: 04 Feb 2010 08:01 AM PST From the conclusion section of a recent study from the Deloitte Center for Health Solutions titled “Retail Clinics: Update and Implications”: “Retail clinics represent a new channel to deliver primary care services more conveniently and at lower cost to consumers. Clinic services are safe and effective, due in large measure to medical management programs that are evidence-based and supported by electronic medical records. As a new entrant, retail clinics represent a threat to … [visit site to read more]
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| Global Economic Growth Takes A Hit « Daily Reckoning » Posted: 04 Feb 2010 08:00 AM PST The news that Chris brought you yesterday – regarding the mini-rally in the currencies, led by the euro (EUR) climbing back to 1.40 – was completely washed out by the time the wheels on his plane touched down here in Orlando, yesterday afternoon. Chris had said as he signed off that the dollar was being bought right then, and he was right… And that buying of the dollar lasted all day!
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| Video: Jobless Claims Have Made Investors Nervous « NYFP » Posted: 04 Feb 2010 07:48 AM PST Floor trader Alan Valdes details the effect today’s poor jobless claims has had on investor while also stating the important role jobs plays in the markets. … [visit site to read more]
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| Allergan Beats, Outlook Disappoints « Zacks Investment Research » Posted: 04 Feb 2010 07:46 AM PST Allergan, Inc. (AGN) reported fourth quarter earnings of 78 cents per share, a cent above the Zacks Consensus Estimate. While earnings increased 2.6% from the year-ago quarter, revenues increased 15.9% to $1,224.3 million. Allergan also declared a fourth quarter dividend of 5 cents per share. Earnings for the full year came in at $2.78 per share, a cent above the Zacks Consensus Estimate and 8.2% above the year-ago period. Full year revenues increased 2.3% to $4,503.6 … [visit site to read more]
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| Forex Trading: GBPUSD Continues On It’s Quest Toward 38.2% Retracement Target « Greg Michalowski » Posted: 04 Feb 2010 07:36 AM PST The GBPUSD continues to fall as well, breaking though 1.5800 and falling to a low of 1.5760. Off the longer term chart the target comes in at 1.5689. This is the 38.2% of the 2009 low to high range. It is also near the low correction from October 2009 when the price dipped to 1.5706. Both levels will be eyed by the market on the downside.
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| Initial Jobless Claims Up Again « Zacks Investment Research » Posted: 04 Feb 2010 07:32 AM PST Bad news on the Initial Claims for Unemployment Insurance front. Last week initial claims rose for the third week in a row, rising 8,000 to 480,000. In addition, last week’s numbers were revised up by 2,000. The 4-week moving average of claims, which given the inherent volatility of the weekly numbers is generally considered a better measure, rose by 11,750 to 468,750. It looks as if what I have long feared might be occurring. As the graph below (from http://www.calculatedriskblog.com/) … [visit site to read more]
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| Kimco Realty’s Revenue Rises « Zacks Investment Research » Posted: 04 Feb 2010 07:31 AM PST Kimco Realty Corp. (KIM) reported a 7.5% increase in fourth quarter revenues from rental properties. Revenues for the reported quarter increased to $211.8 million from $196.99 million in the year-ago quarter. For full year 2009, revenues from rental properties climbed to $786.89 million from $758.70 million in 2008. The company reported an increase in fourth quarter 2009 FFO (fund from operations) to $119.5 million or 31 cents per share from $10.5 million or 4 cents in the year-ago … [visit site to read more]
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| Video: NYSE Opening Bell Market Monitor: BKC, AVP, KFT « NYFP » Posted: 04 Feb 2010 07:23 AM PST The latest in news, commentary, and information on what’s moving the US equities markets. Watch this broadcast LIVE at 9:30 am EST daily @ “http://www.nyx.com/marketmonitor” … [visit site to read more]
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| Forex Trading: EURUSD Breaks Through The 1.3800 Level And Stops Triggered « Greg Michalowski » Posted: 04 Feb 2010 07:19 AM PST The 1.3826 level held the upside correction (see prior post) and this helped push the price down as dip buyers toward 1.3800 got no satisfaction. All that was left to do, was have longs liquidate below 1.3800 and they did to a low of 1.3777.
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| Equity Residential Sees Growth « Zacks Investment Research » Posted: 04 Feb 2010 07:15 AM PST Equity Residential (EQR), a leading real estate investment trust (REIT), reported fiscal 2009 fourth quarter funds from operations (FFO) of $126.9 million or 43 cents per share, compared to $79.1 million or 27 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. For full year 2009, FFO was $616.1 million or $2.12 per share … [visit site to read more]
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| Video: Asian Markets Covered In Red « NYFP » Posted: 04 Feb 2010 07:14 AM PST The major Asian/Pacific markets experienced a rough trading day as each major index was well in the red at market close. … [visit site to read more]
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| Mutual Funds: Top John Hancock Funds « Zacks Investment Research » Posted: 04 Feb 2010 12:06 AM PST One of the largest U.S. investment families, John Hancock Financial Services has a wide range of offerings including insurance and investment related products. With more than $226.5 billion in funds under its management, it offers a variety of funds specializing in industries like timber and agriculture. Founded in 1863, John Hancock continues to be one of the most well recognized financial brands domestically.
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| Stock Buy: Korn Ferry International, Inc. « Michael Vodicka » Posted: 03 Feb 2010 09:00 PM PST Korn/Ferry International, Inc. (KFY) recently rebounded from a key trend line that has been supporting prices for most of the last 10 months to move back within striking distance of the 52-week high at$18
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| Stock Buy: Corning Incorporated « Zacks Investment Research » Posted: 03 Feb 2010 09:00 PM PST Corning Incorporated (GLW) just declared a quarterly dividend of 5 cents per share. The company offers an industry-leading dividend yield of 1%. In late January, the company posted fourth-quarter earnings of 44 cents per share, surging past last year’s 13 cents and exceeding the Zacks Consensus Estimate by 5%.
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