Daily Markets - Financial News & Opinions |
- The Dow Looks Ready For A Solid Breakdown To New Lows, As Does Gold
- Is The Run Over For Base Metal ETFs?
- Forex Trading: FOMC Economic Outlook Boosts US Dollar
- Mortgage Investments Offer Both Opportunity And Risk: Making Sense Of Conflicting Reports
- The US Government Wants To Raid Your 401(k)
- Singapore Stock Market: How Low Can The Straits Times Index Go?
- UTX Beats By A Penny
- Daily ETF Roundup: JJC Sinks, XLF Rises
- Cartoon: A Second Term For Ben?
- WellPoint Beats Zacks Estimate
- Southern Beats Despite Sales Dip
- Rockwell Outperforms
- General Dynamics Shows Resilience
- SAP Matches Estimates
- Pactiv Seals Earnings Beat
- Another Negative Indicator
- Five ETFs In Focus Ahead Of The State Of The Union Address
- QLogic Boosted By Enterprise Side
- Video: NYSE Closing Bell Market Monitor: BA, CAT, TM
- Regis Beats Zacks Estimates
- Allegheny’s Net Down In 4Q
- Stanley Beats Zacks Consensus
- Fed Keeps Rates Unchanged
- MeadWestvaco Misses Expectations
- RLI Corp. Tops Zacks Estimate
- Plexus Beats, Outlook Robust
- St. Jude Beats Zacks Estimate
- Video: 01/27 FX Options Report
- Smith Int’l Misses By A Penny
- Video: Japanese Exports Grow For 1st Time In 15 Months
- Market Performance Counts Double On Bad Days
- Initiating Nile Therapeutics
- Hess Surpasses Estimates
- Energizer Holdings Beats
- The Deleveraging Has Begun
- Forex Trading: EURUSD Can’t Break Through 1.4000 Level Back Up Testing The 100 And 200 Bar MA
- BlackRock Rolls, Stock Drops
- Molina Guides For 2010
- FXI: Lots Of Airspace Below
- IMF Revises Global Growth Forecasts Up
- Global Markets Out Past Chinese Lending Curfew
- Video: Front Month Crude Rises On Inventory
- Video: Market Movers: CAT, AMZN, MHP, KFT, JNJ
- Video: Risk Aversion Rises On Data
- Breakthrough For Novo Nordisk
- Initiating Coach As Neutral
- Improving Visibility On Watson
- New Home Sales Weak
- Tiffany Boosts Shareholder Returns
- The Bizarro Economics Of Government Spending
- Can German Stocks And ETFs Stop The Bleeding?
- St. Joe Inks Deal With CB Richard
- S&P 500 ETFs Prepare For Berkshire Addition
- Initiating Nile Therapeutics: Outperform
- New Agreement For Symmetry
- Swiss Franc: Continuation Of The Rebound
- Canadian Dollar: Continuation Of The Rebound
- PX In Line With Zacks Consensus
- Japanese Yen: The Upside Prevails
- British Pound: The Upside Prevails
- Euro: Bounce
- Berkshire To List On S&P 500
- Windstream To Boost Fiber Network
- Stock Market Leadership Points To Risk Aversion
- US, UK, Japan On The Fiery Hot Seat, Here’s Where To Invest Instead
- Valero Beats, Stays Underperform
- FCC Probes Early Termination Fees
- Caterpillar Beats But Disappoints
- Caterpillar Outperforms Yet Again
- Caterpillar Outperforms Yet Again
- Two Reasons The Currency Markets Are In Lock Down
- Tuesday Morning Posts Strong Q2
- Conoco Beats, R&M Hurts
- McKesson Reports In Line
- Wall Street’s Greed: How To End Big Banks’ Grip On The U.S. Economy
- Pimco’s Bill Gross: Beware The Ring Of Fire
- Video: Boeing Takes Off, Posts 4Q Profit
- Video: NYSE Opening Bell Market Monitor: CAT, BA, BLK
- Polycom Reports Mixed Results
- Video: Asian Markets Take Another Plunge
- NewAlliance Meets Expectations
- Abbott Beats, Guides Higher
- Molex Sees Broad-Based Strength
- False Hope In Financial Free Lunch
- Boston Properties Misses Narrowly
- Forex Trading: GBPUSD Tests Key Support At 1.6190. Next Support At 1.6172.
- Solar ETFs Off To A Not-So-Bright Start
- Pervasive Reports In-line Quarter
- Stock Market News Briefs: Baker Hughes Incorporated, BlackRock, Inc., Boeing Company (The), Burlington Northern Santa Fe Corporation, Caterpillar, Inc., United Technologies Corporation, WellPoint Health Networks Inc., Yahoo! Inc.
- To Start Your Day…1/27/2010
- Will The Rally In Lumber Prices Be Cut Down?
- Boeing Flies High Above Consensus
- Altera Beats Expectations
- Forex Trading: EURUSD Falls In NY Trade. May Look To Buy Time As The Market Awaits The Fed
- Gilead’s Strong Performance
- Yahoo! Reflects Ad Market Recovery
- Forex Trading: GBPUSD Continues It’s Volatile Up And Down Ways
- Stock Picks For 27 January
- Can Bernanke Tune Out Political Pressure As The FOMC Again Discusses Policy Changes?
- My Embarrassing Penny Stock Secret
- Where Will Gold Indexes Bottom?
- Real Numbers Behind The Gold And Base Metals Industry
- Jack Crooks On “Intermarket Relationships: Why It Matters To Currency Investors” Part 1
- Jack Crooks On “Intermarket Relationships: Why It Matters To Currency Investors” Part 2
- Jack Crooks On “Intermarket Relationships: Why It Matters To Currency Investors” Part 3
- Jack Crooks On “Intermarket Relationships: Why It Matters To Currency Investors” Part 4
- Jack Crooks On “Intermarket Relationships: Why It Matters To Currency Investors” Part 5
- Jack Crooks On “Intermarket Relationships: Why It Matters To Currency Investors” Part 6
- Jack Crooks On “Intermarket Relationships: Why It Matters To Currency Investors” Part 7
- Jack Crooks On “Intermarket Relationships: Why It Matters To Currency Investors” Part 8
- Jack Crooks On “Intermarket Relationships: Why It Matters To Currency Investors” Part 9
- Mutual Funds: Top Rydex Funds
- Mutual Funds: Top Chinese Equity Funds
- Stock Buy: Teva Pharmaceutical
- Stock Buy: SanDisk Corp.
- Stock Buy: Newmont Mining Corporation
- Bear Of The Day: GameStop Corp. (GME)
- Bull Of The Day: Brown-Forman Corp. (BF.B)
- Stock Buy: Fairchild Semi
- McKinsey On Deleveraging, “Painful, Lasting 6 To 7 Years”
- First Trust Plans Three New ETFs
The Dow Looks Ready For A Solid Breakdown To New Lows, As Does Gold Posted: 27 Jan 2010 05:54 PM PST It appears that the short respite from this bear market is coming to a quick close. As we have forecast for some time, the everything-but-the-USD bear market is underway and as such our goal is to notify you of topping formations, as the bottom is a little further into the future than our crystal ball is willing to tell. Technically, the Dow looks ready for a solid breakdown to new lows, as does gold. Silver seems to have already begun its next down-leg, having lost 11% in the last 4 … [visit site to read more] |
Is The Run Over For Base Metal ETFs? Posted: 27 Jan 2010 05:44 PM PST For months, investors have been looking to base metals exchange traded funds (ETFs) as a sign of where the global economy is heading. But renewed concerns about demand from China could have the funds sitting idle for the time being. Yesterday, most metals finished lower after China made more moves to curb lending and rein in growth. Several large banks in the country were singled out and required to raise their reserve ratios, reports Nick Godt for MarketWatch. Copper was especially … [visit site to read more] |
Forex Trading: FOMC Economic Outlook Boosts US Dollar Posted: 27 Jan 2010 05:35 PM PST The U.S. Dollar rallied to a new high for the year after the FOMC announcement offered an upbeat assessment of the economy. |
Mortgage Investments Offer Both Opportunity And Risk: Making Sense Of Conflicting Reports Posted: 27 Jan 2010 05:01 PM PST Recently, I finished reading an engaging book that explained in detail how John Paulson generated more than $20 billion betting on a crash in the housing markets. Many wise investors could see the writing on the wall months ahead of the panic period, but since you can’t exactly short an individual house, it was difficult to figure out the best way to profit from the coming crash. After months of studying and more than one false start, Paulson eventually determined that the best strategy was … [visit site to read more] |
The US Government Wants To Raid Your 401(k) Posted: 27 Jan 2010 04:31 PM PST It’s bad enough that we’ve been forced to bail out Wall Street. But now the Obama administration is hatching plans to raid our retirement savings, too. To say that I’m “outraged” doesn’t come close to describing the emotions I experience every time I think about the government’s latest hare-brained scheme. According to widespread media reports, both the U.S. Treasury Department and the Department of Labor plan are planning to stage a public-comment period before implementing regulations … [visit site to read more] |
Singapore Stock Market: How Low Can The Straits Times Index Go? Posted: 27 Jan 2010 04:05 PM PST Blue chips are the first to shoot up after a sharp fall in STI ST INDEX 52-week Hi Historical Hi 52-week Lo Jan 2010 Average daily volume traded Value Technical comment: The Straits Times Index broke another support, 2800 points on 26 January to end at 2740 points. [It dropped 71 points.] The critical support 2860 points was broken on 21 January. How Lo can it … [visit site to read more] |
Posted: 27 Jan 2010 03:07 PM PST United Technologies Corporation (UTX) reported fourth quarter 2009 earnings per share of $1.15, down 7% over the year-ago quarter. Results for the current quarter include an $0.08 per share charge for restructuring costs net of one-time items. This is ahead of Zacks Consensus Estimate of $1.14 per share. |
Daily ETF Roundup: JJC Sinks, XLF Rises Posted: 27 Jan 2010 03:03 PM PST Wall Street posted modest gains on Wednesday after the Federal Reserve decided to keep interest rates steady ahead of Obama's State of the Union Address. Traders pointed to the lack of bad news in the Fed statement as a reason for optimism going forward. "There was some relief that there wasn't anything overtly negative that could be construed from the Fed statement" said Michael James, senior trader at regional investment bank Wedbush Morgan in Los Angeles. |
Cartoon: A Second Term For Ben? Posted: 27 Jan 2010 03:01 PM PST Source: Bruce Beattie, Comics.com, January 27, … [visit site to read more] |
WellPoint Beats Zacks Estimate Posted: 27 Jan 2010 02:55 PM PST WellPoint, Inc. (WLP) reported fourth quarter as well as full-year results for fiscal 2009. |
Southern Beats Despite Sales Dip Posted: 27 Jan 2010 02:45 PM PST Electric utility firm Southern Co. (SO) reported modestly better-than-expected fourth quarter results, driven by lower expenses and increased monthly service charges. Earnings per share (excluding one-time items) came in at 31 cents, 5 cents above the prior-year period and a penny above the Zacks Consensus Estimate. However, revenue was down 7.7% year-over-year to $3.5 billion, as electricity sales continued to be hurt by the weak economy. |
Posted: 27 Jan 2010 02:39 PM PST Rockwell Automation Inc. (ROK) reported better-than-expected results for the first quarter of the fiscal year 2010. The company posted quarterly net income of 54 cents per share, beating the Zacks Consensus Estimate of 35 cents. However, the first quarter net income was down 33% from the prior-year income of 81 cents per share. |
General Dynamics Shows Resilience Posted: 27 Jan 2010 02:35 PM PST Before the opening bell, General Dynamics Corporation (GD) reported fourth-quarter EPS of $1.60, sweeping past the Zacks Consensus Estimate by 2 cents. However, it fell 2 cents short of the year-ago result. |
Posted: 27 Jan 2010 02:25 PM PST SAP AG (SAP) reported fourth quarter 2009 earnings per share from continuing operations of 93 cents, matching the Zacks Consensus Estimate. |
Posted: 27 Jan 2010 02:09 PM PST Pactiv Corporation (PTV) reported earnings per share from continuing operations for the fourth quarter of 2009 of 53 cents, exceeding the Zacks Consensus Estimate of 50 cents. |
Posted: 27 Jan 2010 02:03 PM PST The Bank of Mexico regularly details the remittances flowing into Mexico each month from Mexicans working overseas. Since most of that country’s emigrants — legal or otherwise — are based in the U.S., with no small number involved in construction and other economically-sensitive industries, the remittance data is viewed by many as a good indicator of how well our economy is doing. As the following chart shows, this particular series (like a host of others) offers little reason for … [visit site to read more] |
Five ETFs In Focus Ahead Of The State Of The Union Address Posted: 27 Jan 2010 01:57 PM PST Barack Obama's first year in office has, by most accounts, been a mixed bag. The massive $787 billion stimulus plan helped to avoid an even deeper recession, but failed to impact joblessness in any meaningful way. Instead of seeing a downturn in the unemployment rate as promised, Americans have seen the rate grow to double digits. Comprehensive healthcare reform was seemingly within days of becoming a reality, but now seems like a long shot. Outrage at Wall Street has ebbed and flowed, … [visit site to read more] |
QLogic Boosted By Enterprise Side Posted: 27 Jan 2010 01:52 PM PST QLogic Inc. (QLGC) reported third quarter earnings that beat the Zacks Consensus Estimate by 2 cents. Revenue beat the consensus by 5.0%. |
Video: NYSE Closing Bell Market Monitor: BA, CAT, TM Posted: 27 Jan 2010 01:41 PM PST The latest in news, commentary, and information on what’s moving the US equities markets. Watch this broadcast LIVE at 4:00 pm EST daily @ “http://www.nyx.com/marketmonitor” … [visit site to read more] |
Posted: 27 Jan 2010 01:38 PM PST Regis Corporation (RGS) reported fiscal second-quarter 2010 net profit of $18.2 million or 30 cents per share. Excluding an actuarial gain, the company had earned 28 cents a share in the reported quarter. The results were ahead of the Zacks Consensus Estimate of 26 cents. |
Posted: 27 Jan 2010 01:20 PM PST Allegheny Technologies Incorporated (ATI) recorded a net income of $37.8 million or 36 cents in the fourth quarter of 2009, down significantly from last year's net income of $110.9 million or $1.15 per share. Reported earnings, however, exceeded the Zacks Consensus Estimate of 20 cents and the management's guidance range of 20 cents to 25 cents. Earnings of $48.7 million or 49 cents for the full year 2009 were also ahead of the Zacks Consensus Estimate of 28 cents. |
Posted: 27 Jan 2010 01:06 PM PST The Stanley Works (SWK) announced decent results for the fourth quarter and full-year 2009. For the fourth quarter of 2009, Stanley reported an EPS of $0.67 compared to $0.05 in the year-ago quarter. Reported EPS for the quarter was below the Zacks Consensus Estimate of $0.76. The increase in EPS is attributable to continued success of well-executed productivity projects combined with strict control on costs. |
Posted: 27 Jan 2010 12:48 PM PST The Federal Reserve decided to leave the Fed Funds rate unchanged at a range of 0 to 25 basis points, just like everyone expected them to do. Below are the current statement and the December statement, along with my analysis of the changes and commentary interspersed. “Household spending is expanding … [visit site to read more] |
MeadWestvaco Misses Expectations Posted: 27 Jan 2010 12:45 PM PST MeadWestvaco Corp. (MWV) reported fourth-quarter 2009 results before the opening bell today. The company swung to a GAAP net profit from continuing operations of $51 million from a GAAP net loss of $16 million in the year-ago period. |
Posted: 27 Jan 2010 12:40 PM PST RLI Corp's (RLI) fourth quarter earnings of $1.17 per share were well ahead of the Zacks Consensus Estimate of 97 cents. Results reflected improved underwriting results and favorable reserve development from the prior year’s loss reserves. The company had earned $1.30 per share in the year-ago quarter. |
Posted: 27 Jan 2010 12:32 PM PST Plexus Corporation (PLXS) reported first-quarter 2010 earnings of 44 cents per share, excluding restructuring charges and tax impact but including stock based compensation. The result beat the Zacks Consensus Estimate of 34 cents, and was above management's guidance of 31 to 36 cents. Earnings per share were even with last year’s 44 cents and benefited from a lower tax rate in the quarter. |
Posted: 27 Jan 2010 12:25 PM PST St. Jude Medical, Inc. (STJ) reported strong financial results for the fourth quarter and full fiscal 2009. For the fourth quarter, earnings per share came in at 64 cents, beating the Zacks Consensus Estimate of 62 cents and the year-ago earnings of 58 cents. For full fiscal 2009, earnings per share were $2.43, surpassing the Zacks Consensus Estimate of $2.42 and the year-ago earnings of $2.31. |
Video: 01/27 FX Options Report Posted: 27 Jan 2010 12:16 PM PST The USD traded mixed vs the majors, with EUR/USD touching six month lows. U.S. equities traded mixed, as focus turned to developments from D.C. … [visit site to read more] |
Posted: 27 Jan 2010 12:05 PM PST Smith International Inc. (SII) reported fourth quarter 2009 earnings of 9 cents per share, versus the Zacks Consensus Estimate of 10 cents and the year-earlier performance of $1.00. |
Video: Japanese Exports Grow For 1st Time In 15 Months Posted: 27 Jan 2010 12:05 PM PST The world’s second-biggest economy, for the first time in 15 months, saw exports soar from one year earlier as demand throughout Asia soared. … [visit site to read more] |
Market Performance Counts Double On Bad Days Posted: 27 Jan 2010 12:00 PM PST Performance counts double on bad market days. It's been a downright lousy week for stocks. In the past five trading days, the Dow, S&P and NASDAQ have dropped more than 4%. |
Posted: 27 Jan 2010 12:00 PM PST We are initiating coverage of Nile Therapeutics (NLTX) with an Outperform rating and a near-term price target of $2.50 per share. Nile is developing CD-NP, a chimeric natriuretic peptide currently in phase II clinical studies for the treatment of acute decompensated heart failure (ADHF). |
Posted: 27 Jan 2010 11:53 AM PST Hess Corp. (HES) reported fourth-quarter earnings of $1.10 per diluted share, easily beating the Zacks Consensus Estimate of 90 cents and the year-earlier loss of 15 cents. |
Posted: 27 Jan 2010 11:51 AM PST Energizer Holdings, Inc. (ENR) posted increased profitability in the first quarter of 2010 on higher sales, beating the Zacks Consensus Estimate. |
Posted: 27 Jan 2010 11:45 AM PST The post below is a guest contribution by Comstock Partners, the highly regarded investment manager run by Charles Minter. Barron’s magazine printed the first part of its annual Roundtable discussion of 2010 this past week. We noticed that many of the participants were very concerned about the debt (mostly government debt while we think total debt is a much more useful metric). Marc Faber, in fact, talked about a 7,000 word New York Times article by Professor Paul Krugman. He … [visit site to read more] |
Forex Trading: EURUSD Can’t Break Through 1.4000 Level Back Up Testing The 100 And 200 Bar MA Posted: 27 Jan 2010 11:45 AM PST As per the prior post, the price of the EURUSD could not break through the 1.4000/07 downside support level. The price has rebounded back higher and is looking to test the 100 and 200 bar MA on the 5 minute chart. That level comes in at the 1.4050-56 … [visit site to read more] |
Posted: 27 Jan 2010 11:38 AM PST BlackRock's (BLK) fourth quarter operating earnings per share of $2.39 significantly outperformed the Zacks Consensus Estimate of $2.12, earnings of $2.10 in the sequential quarter and 66 cents in the prior-year quarter. Results reflected robust operating income growth resulting from the Barclays Global Investors (BGI) acquisition in Dec 2009, along with continued positive business momentum through net asset growth and improvements in the external market environment. This was partially … [visit site to read more] |
Posted: 27 Jan 2010 11:17 AM PST Molina Healthcare Inc. (MOH) recently announced its guidance for fiscal 2010. The company expects to earn $1.50 per share corresponding to a net income of $39 million in 2010. The Zacks Consensus Estimate for 2010 is $1.68. Molina forecasts 2010 investment income to be $9 million. Furthermore, the company predicts premium revenue of $3.9 billion for 2010. Medical care costs are expected to come in at 86% of premium revenue in 2010.Administrative expenses (inclusive of premium taxes) … [visit site to read more] |
Posted: 27 Jan 2010 11:15 AM PST Figure 1 is a weekly chart of the i-Shares FTSE Xinshua/ China 25 (symbol: FXI). Figure 1. FXI/ weekly Before breaking down FXI, let me set up the chart. The pink labeled price bars are negative divergence bars between price and an oscillator that measures price, and as we know, a cluster of these negative divergence bars is consistent with waning price momentum. The red dots are key price points, which are points where buying and selling are most likely to take place. FXI essentially found … [visit site to read more] |
IMF Revises Global Growth Forecasts Up Posted: 27 Jan 2010 11:01 AM PST The IMF released its update to the World Economic Outlook - a respected, useful and comprehensive report on the progress and prospects of the global economy. This article provides a brief analysis of some of the key points of the update in the usual Econ Grapher fashion. Before looking at the charts, it’s worth noting the title “a policy-driven, multispeed recovery”. This is an adroit description of how things are unfolding. For example, emerging markets versus developed economies; and … [visit site to read more] |
Global Markets Out Past Chinese Lending Curfew Posted: 27 Jan 2010 11:00 AM PST In eras past, investors who hoped to get an early read on the economic trends that influence equity markets would monitor data like US factory orders or the Baltic Dry Freight Index. But today, all eyes are on China. |
Video: Front Month Crude Rises On Inventory Posted: 27 Jan 2010 10:59 AM PST Front month crude prices received a lift this session following a surprising decline in crude stockpiles according to the EIA’s inventory data report. … [visit site to read more] |
Video: Market Movers: CAT, AMZN, MHP, KFT, JNJ Posted: 27 Jan 2010 10:59 AM PST The latest news and information on U.S. stocks that are moving the market. … [visit site to read more] |
Video: Risk Aversion Rises On Data Posted: 27 Jan 2010 10:57 AM PST The release of an unexpected decline in US new home sales figures has paved the way for a boost in lower-yielding currencies. … [visit site to read more] |
Posted: 27 Jan 2010 10:57 AM PST In a major breakthrough, Denmark based Novo Nordisk (NVO) received US Food and Drug Administration (FDA) approval for Victoza (liraglutide), a once-daily injection for the treatment of type II diabetes in adults. The drug has been approved for use with proper diet, exercise and other diabetes medicines for lowering blood sugar levels. However, the FDA has not recommended Victoza as an initial therapy in patients who could not control diabetes with diet and exercise alone. |
Posted: 27 Jan 2010 10:37 AM PST We have recently initiated coverage on Coach, Inc. (COH), one of the leading designers and marketers of fine accessories and gifts, with a Neutral recommendation and a target price of $35.00, as we anticipate it to perform in line with the industry. |
Improving Visibility On Watson Posted: 27 Jan 2010 10:27 AM PST Watson Pharmaceuticals, Inc. (WPI) reports fourth-quarter results on February 23, with the current Zacks Consensus Estimate at 72 cents per share. Estimates appear to be modestly up, with one of the 16 analysts covering the stock raising fourth quarter estimates in the last 30 days. |
Posted: 27 Jan 2010 10:25 AM PST New Home Sales fell 7.6% in December from November to a seasonally adjusted annual rate of 342,000. This was well below the consensus estimate of a 366,000 annual rate and even 8.6% below the year ago rate of 374,000. The major consolation in the report was that November was not as bad as first thought (the New Home Sales data is notorious for very large revisions) with a rate of 370,000 rather than the first reported rate of 355,000. |
Tiffany Boosts Shareholder Returns Posted: 27 Jan 2010 10:17 AM PST Tiffany & Company (TIF), the designer, manufacturer and retailer of fine jewelry, recently boosted quarterly dividend by 17.6%. The Board has approved an increase in annual dividend to 80 cents (or 20 cents quarterly) from 68 cents a share (or 17 cents quarterly). The increased dividend will be paid in April 2010. Tiffany also notified that it will resume its share repurchase program, which was suspended in the third quarter of 2008 when the economy had faltered. The company … [visit site to read more] |
The Bizarro Economics Of Government Spending Posted: 27 Jan 2010 10:01 AM PST Good news and bad news. But which is which? The situation is so confused, we can't tell. |
Can German Stocks And ETFs Stop The Bleeding? Posted: 27 Jan 2010 10:01 AM PST Economic indicators don't look too favorable for Germany at the moment. Nevertheless, the German country-specific exchange traded fund (ETF) may do better this year, with the government forecasting positive numbers overall. Germany estimated that its economy contracted a slightly worse-than-expected 5% in 2009, with the economy remaining stagnant in the fourth quarter, reports Marcus Walker for The Wall Street Journal. According to the German federal statistics office, the economy is down … [visit site to read more] |
St. Joe Inks Deal With CB Richard Posted: 27 Jan 2010 09:57 AM PST The St. Joe Company (JOE), a publicly-held operationally diversified real estate company, has inked a deal with CB Richard Ellis Group Inc. (CBG), the world's largest commercial real estate firm, to sell or lease over 1,000 acres of its land adjacent to the new Northwest Florida Beaches International Airport for commercial development. |
S&P 500 ETFs Prepare For Berkshire Addition Posted: 27 Jan 2010 09:56 AM PST Coming soon to an ETF near you: Warren Buffett. Well not exactly, but shares of Berkshire Hathaway, the company run by the "Oracle of Omaha" will soon be included in the S&P 500 Index and find a home in many of the most popular large-cap and all-cap ETFs. |
Initiating Nile Therapeutics: Outperform Posted: 27 Jan 2010 09:43 AM PST We are initiating coverage of Nile Therapeutics (NLTX) with an Outperform rating and a near-term price target of $2.50 per share. Nile is developing CD-NP, a chimeric natriuretic peptide currently in phase II clinical studies for the treatment of acute decompensated heart failure (ADHF). |
Posted: 27 Jan 2010 09:37 AM PST Symmetry Medical, Inc. (SMA) recently entered into an exclusive five-year supply agreement with OrthoPediatrics Corp., a bio-science company that develops, designs and distributes anatomically appropriate orthopedic implants and solutions for pediatric and small stature patients. |
Swiss Franc: Continuation Of The Rebound Posted: 27 Jan 2010 09:18 AM PST Update on supports and resistances. … [visit site to read more] |
Canadian Dollar: Continuation Of The Rebound Posted: 27 Jan 2010 09:17 AM PST Update on supports and resistances. … [visit site to read more] |
PX In Line With Zacks Consensus Posted: 27 Jan 2010 09:17 AM PST Praxair, Inc. (PX) reported better-than-expected results for the fourth quarter and fiscal 2009. |
Japanese Yen: The Upside Prevails Posted: 27 Jan 2010 09:17 AM PST Update on supports and resistances. … [visit site to read more] |
British Pound: The Upside Prevails Posted: 27 Jan 2010 09:17 AM PST Update on supports and resistances. … [visit site to read more] |
Posted: 27 Jan 2010 09:17 AM PST Update on supports and resistances. … [visit site to read more] |
Posted: 27 Jan 2010 09:13 AM PST Yesterday, Standard and Poor's (S&P) announced that it will be adding Berkshire Hathaway (BNI) in its S&P 500 index. This move by S&P comes after Berkshire last week announced a 50-for-1 split of its Class B shares in connection with the conglomerate’s takeover of Burlington Northern. |
Windstream To Boost Fiber Network Posted: 27 Jan 2010 09:01 AM PST In an effort to expand its opportunities in wireless backhaul, leading rural wireline carrier Windstream Corp. (WIN), will invest $20 million in 2010 to expand its fiber-optic network to support its wholesale business to wireless carriers. The network expansion will enable the company to boost data speeds and offer necessary support for advanced wireless (3G and 4G) services to its wholesale wireless customers across 16 states. |
Stock Market Leadership Points To Risk Aversion Posted: 27 Jan 2010 09:01 AM PST As far as leadership since the start of the nascent US stock market correction on January 20 is concerned, it is interesting that cyclical sectors such as the Materials SPDR (XLB), Financial SPDR (XLF), Energy SPDR (XLE) and Technology SPDR (XLI) have been leading the market lower. Traditionally defensive sectors such as Consumer Staples SPDR (XLP), Utilities SPDR (XLU) and Health Care SPDR (XLV) also declined, but to a lesser extent than the S&P 500 Index as a whole (-5.1%) and the … [visit site to read more] |
US, UK, Japan On The Fiery Hot Seat, Here’s Where To Invest Instead Posted: 27 Jan 2010 09:00 AM PST Pimco manages the world's largest bond fund, and its co-CIO & founder Bill Gross has recently posted an extra hot spotlight of scrutiny on the US, the UK, Japan, Italy, France, Spain, Ireland, and Greece. They are all in his "ring of fire" chart, which depicts the countries most vulnerable to slowed economic growth due to their excessively high levels of public debt. This chart is scorching… Here's an explanation from the Investment Outlook: |
Valero Beats, Stays Underperform Posted: 27 Jan 2010 08:54 AM PST Valero Energy Corp. (VLO) — the largest independent oil refiner in the U.S. — reported better-than-expected fourth-quarter results, reflecting lower operating costs. Loss per share, excluding one-time items, came in at 28 cents, significantly better than the Zacks Consensus Estimate of 45 cents. |
FCC Probes Early Termination Fees Posted: 27 Jan 2010 08:44 AM PST US telecom regulator Federal Communications Commission ("FCC”) is digging deeper into the mobile "Early Termination Fees (ETFs)”, a widespread practice in the wireless industry. The agency has asked the US wireless carriers to justify the hefty ETFs they charge their contract customers. |
Caterpillar Beats But Disappoints Posted: 27 Jan 2010 08:42 AM PST Caterpillar Inc. (CAT) reported fourth quarter earnings of 41 cents per share, beating the Zacks Consensus Estimate of 28 cents per share. However, the company's EPS declined 62.0% on a year-over-year basis. |
Caterpillar Outperforms Yet Again Posted: 27 Jan 2010 08:42 AM PST Caterpillar Inc. (CAT) reported fourth quarter earnings of 41 cents per share, beating the Zacks Consensus Estimate of 28 cents per share. However, the company's EPS declined 62.0% on a year-over-year basis. |
Caterpillar Outperforms Yet Again Posted: 27 Jan 2010 08:42 AM PST Caterpillar Inc. (CAT) reported fourth quarter earnings of 41 cents per share, beating the Zacks Consensus Estimate of 28 cents per share. However, the company's EPS declined 62.0% on a year-over-year basis. |
Two Reasons The Currency Markets Are In Lock Down Posted: 27 Jan 2010 08:37 AM PST When I signed off yesterday, the dollar was swinging the hammer, and all the non-dollar currencies, except Japanese yen (JPY), were getting nailed… That hammer swinging ended in the morning session here in the US, and the currencies did rebound a bit versus the dollar as I headed out the door for home… Overnight, we've seen no movement at all in the currencies… |
Tuesday Morning Posts Strong Q2 Posted: 27 Jan 2010 08:27 AM PST Tuesday Morning Corp. (TUES) recently reported fiscal 2010 second quarter results. The company posted a strong 45% growth in net income to $18.5 million, from $12.7 million in the year-ago quarter. Earnings per share came in at 43 cents per share, which topped the Zacks Consensus Estimate by 2 cents. |
Posted: 27 Jan 2010 08:26 AM PST ConocoPhillips (COP) reported fourth-quarter earnings of $1.16 per share, above the Zacks Consensus Estimate of $1.12. However, earnings per share were well below the year-earlier figure of $1.28. This fall was mainly due to lower natural gas prices, a sharp decline in refining margins and reduced volumes, partially offset by improved oil prices and lower costs. Including one-time items, earnings for the quarter were 81 cents per share. |
Posted: 27 Jan 2010 08:11 AM PST McKesson Corp. (MCK) reported fiscal third-quarter earnings of $1.19 per share, in line with the Zacks Consensus Estimate. However, earnings increased 13% from the year-ago profit of $1.05. Meanwhile, revenues increased 4% to $28.3 billion, driven by the strong performance of the Distribution Solutions business. |
Wall Street’s Greed: How To End Big Banks’ Grip On The U.S. Economy Posted: 27 Jan 2010 08:10 AM PST Guest Editorial by Shah Gilani, Contributing Editor, Money Morning |
Pimco’s Bill Gross: Beware The Ring Of Fire Posted: 27 Jan 2010 08:01 AM PST Bill Gross, co-founder and co-CIO of PIMCO, is to my mind one of the shrewdest money men around. His monthly newsletter, this month entitled “The Ring of Fire”, therefore always makes for thought-provoking reading. |
Video: Boeing Takes Off, Posts 4Q Profit Posted: 27 Jan 2010 07:54 AM PST After posting a 4Q earnings loss last year, the Boeing Company (BA) rebounded this year by reporting a 4Q profit. … [visit site to read more] |
Video: NYSE Opening Bell Market Monitor: CAT, BA, BLK Posted: 27 Jan 2010 07:54 AM PST The latest in news, commentary, and information on what’s moving the US equities markets. … [visit site to read more] |
Posted: 27 Jan 2010 07:51 AM PST Yesterday, after market closed, Polycom Inc (PLCM) declared its fourth quarter 2009 financial results. Quarterly total revenue of $267.9 million was up 1.8% year-over-year and up 10% sequentially. The revenue was also better than the Zacks Consensus Estimate of $256 million. The increase was primarily due to strong demand for Video Solutions products, particularly the high-margin Network Systems products. |
Video: Asian Markets Take Another Plunge Posted: 27 Jan 2010 07:42 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] |
NewAlliance Meets Expectations Posted: 27 Jan 2010 07:28 AM PST NewAlliance Bancshares Inc.'s (NAL) fourth-quarter earnings came in at 12 cents per share, in line with the Zacks Consensus Estimate. This compares favorably with earnings of 10 cents in the year-ago quarter. |
Posted: 27 Jan 2010 07:11 AM PST Abbott Laboratories (ABT) reported fourth quarter earnings of $1.18 per share, a cent above the Zacks Consensus Estimate of $1.17. Earnings increased 11.3% from the year-ago period. For the full year, Abbott reported earnings of $3.72, up 12% from the year-ago period. Full year results were in-line with the company's guidance of $3.70 - $3.72. Fourth quarter revenues grew 10.6% to $8,790 million. Revenues were positively impacted by foreign exchange (Fx) fluctuations (2.4%). Full-year … [visit site to read more] |
Molex Sees Broad-Based Strength Posted: 27 Jan 2010 07:09 AM PST Molex Inc's (MOLX) earnings for the fiscal second quarter ended December 2009 beat the Zacks Consensus by 2 cents. Revenue beat the Consensus by 2.9%. Shares were up 2.5% after-hours as investors responded to the improving business metrics for the rest of fiscal year 2010. |
False Hope In Financial Free Lunch Posted: 27 Jan 2010 07:00 AM PST Last week's winner of the Mogambo Most Stupid Quote Of The Week (MMSQOTW) goes to that arch-idiot, Barack Obama – after the contest judge (me) was found (my wife tracked me down) in a local tavern (low-rent girlie bar), and was hurriedly sobered up (to no avail) with some hot coffee (too weak) and a lot of screaming from my wife (loud), mostly centered about what a lowlife bastard I am (with examples). |
Boston Properties Misses Narrowly Posted: 27 Jan 2010 06:52 AM PST Boston Properties Inc. (BXP), one of the leading real estate investment trusts, reported strong fourth quarter 2009 results with FFO (funds from operations) of $146.1 million or $1.04 per share compared to ($0.6) million or ($0.01) per share in the year-earlier quarter. Funds from operations, a widely used metric to gauge the performance of REITs, are obtained after adding depreciation and amortization and other non-cash expenses to net income. |
Forex Trading: GBPUSD Tests Key Support At 1.6190. Next Support At 1.6172. Posted: 27 Jan 2010 06:32 AM PST The 100 day MA, and the 38.2% retracement of the days range make the level an important level (SEE PRIOR POST). The price has dipped below the key level as the stock market opens up. The Dow is opening up -30 points and the early trade is keeping the pressure on the pair. |
Solar ETFs Off To A Not-So-Bright Start Posted: 27 Jan 2010 06:32 AM PST After surging out of the gates to start the new year, many ETFs have sharply reversed course, now finding themselves in the red for 2010 as January draws to a close. The S&P 500 SPDR (SPY), which was up nearly 3% after the first six trading sessions, is now down almost 2%. The shift in fortunes for more risky assets has been even more severe: the iShares Emerging Markets Index Fund (EEM) has already slipped 9.5% from its 2010 high. But no sector has been hit harder than solar energy, as … [visit site to read more] |
Pervasive Reports In-line Quarter Posted: 27 Jan 2010 06:30 AM PST Pervasive Software Inc. (PVSW) reported revenues of $11.6 million in the second quarter of fiscal 2010, up 4% year over year. Revenues from domestic operations came in at $8 million, down 10% sequentially but up 5% year over year. International operations (primarily Europe and Japan) totaled $3.6 million, up 10% sequentially but flat year over year. In terms of products, database products represented approximately 60% of the total business while integration and business … [visit site to read more] |
Posted: 27 Jan 2010 06:29 AM PST After the close, Yahoo (YHOO) reported earnings of 15 cents for the quarter, 4 penny ahead of Zacks estimates, on revenues of $1.26 billion, which bettered Zacks estimates of $1.23 billion. For the current quarter, the firm expects sales of $1.575-$1.675 billion, and income of $90-$100 million United Technologies (UTX) posted better-than-expected fourth quarter earnings of $1.15 a share, one cent ahead of Zacks estimates, on revenues of $14.1 billion, which topped estimates … [visit site to read more] |
Posted: 27 Jan 2010 06:19 AM PST I am fortunate enough to have a good friend, TL, who sends me his excellently prepared “Morning News Notes” on a daily basis. He has graciously allowed me to reproduce them on the blog, and I hope to include this on a daily basis. Just click on the link or the coffee mug below. “Morning News Notes”: January 27, … [visit site to read more] |
Will The Rally In Lumber Prices Be Cut Down? Posted: 27 Jan 2010 06:18 AM PST Fundamentals |
Boeing Flies High Above Consensus Posted: 27 Jan 2010 06:18 AM PST Boeing Company (BA) has posted fourth quarter fiscal 2009 earnings of $1.79 per diluted share, flying past the Zacks Consensus Estimate of $1.37 per share. For fiscal 2009 the company reported earnings of $1.89, beating the Zacks Consensus Estimate of $1.45 per share. Boeing's results reflect solid performance across its businesses. By contrast, the year-ago quarter results were affected by labor strike and a charge on the 747 program. Boeing's revenue for fiscal 2009 increased to $68.3 … [visit site to read more] |
Posted: 27 Jan 2010 06:10 AM PST Altera Corporation (ALTR) reported fourth quarter sales of $365.0 million, up 27% sequentially and up 16% year over year. New product sales increased 30% sequentially. Incoming orders continue to be strong and the book-to-bill ratio was well above 1 driving the strong sequential growth. On a sequential basis, Altera saw net increases in both large and small customer categories, indicating broad-based demand strength. All the markets performed better than management's expectations … [visit site to read more] |
Forex Trading: EURUSD Falls In NY Trade. May Look To Buy Time As The Market Awaits The Fed Posted: 27 Jan 2010 06:00 AM PST |
Posted: 27 Jan 2010 05:50 AM PST Gilead Sciences (GILD) has reported a strong fourth quarter and full year results. The company reported quarterly revenues of $2.03 billion, up 42% compared to the year-ago period. Gilead's earnings per share (EPS) came in at 87 cents. However, excluding non- recurring items, the company's EPS of 90 cents surpassed the Zacks Consensus Estimate of 82 cents and the year-ago period's 59 cents. For the full year of 2009, Gilead reported a 31% increase in revenues to $7.01 billion and EPS … [visit site to read more] |
Yahoo! Reflects Ad Market Recovery Posted: 27 Jan 2010 05:30 AM PST Yahoo! Inc. (YHOO) reported fourth quarter earnings that beat the Zacks Consensus Estimate by 5 cents. Revenue beat the consensus by 40.8%. Google's (GOOG) results also thrashed estimates last week, reflecting the recovery in advertisement spending. Revenue |
Forex Trading: GBPUSD Continues It’s Volatile Up And Down Ways Posted: 27 Jan 2010 05:28 AM PST No relief for the GBPUSD. For the 4th day the price has reversed the prior day and is back above the 200 day MA which comes in today at the 1.6190 level. The price has now closed below, above, below and now back above the key moving average level (assuming the level holds above today). The action is a way the market is saying it does not know what is the next trend for the GBPUSD. During these markets being patient is the key. Look for key intraday levels and be … [visit site to read more] |
Posted: 27 Jan 2010 05:11 AM PST ( click to enlarge ) (AMAT) might have found a bottom down at present levels as the stock bounced on Tuesday. The stock hit a high of $13.01 on Tuesday, which is resistance for today's move. The short term technical indicators are showing the stock resides within an oversold area, the stock have to breach the 13 level again to confirm any further upside move. ( click to enlarge ) (TLAB) broke out of a two-week range on Tuesday. The stock hit a high of $6.72, breaking through the … [visit site to read more] |
Can Bernanke Tune Out Political Pressure As The FOMC Again Discusses Policy Changes? Posted: 27 Jan 2010 05:01 AM PST When U.S. Federal Reserve Chairman Ben S. Bernanke emerges from the central bank’s monthly policymaking meeting at around 2:15 p.m. today (Wednesday), it’s a near certainty that he’ll reaffirm his pledge to keep interest rates “exceptionally low” for an “extended period” of time. Bernanke has kept the benchmark Federal Funds rate at a record low range of 0.00%-0.25% since December 2008, and that’s not likely to change as a result of today’s meeting of the central bank’s Federal Open Market … [visit site to read more] |
My Embarrassing Penny Stock Secret Posted: 27 Jan 2010 05:00 AM PST By Frank Curzio I’m a little embarrassed by the penny stock secret I’m about to tell you… In the past few months, the marketing team at Stansberry and Associates (the publisher of DailyWealth) has frequently mentioned my track record for picking stocks. Over the past 15 months, for example, I made 13 stock recommendations. The average gain is 68%. None of the picks lost money. Four of them rose more than 100%. I’m embarrassed because I’ve spent 15 years in the investment industry. I’ve … [visit site to read more] |
Where Will Gold Indexes Bottom? Posted: 27 Jan 2010 03:46 AM PST The HUI index continues its correction since the Gold peaks in early December. On December 4th, I updated my partners on Gold forecasts and I was looking for $1040-$1070 as pivot lows for Gold. We have been as low as $1074, but we are still looking for the final leg down in the C wave of the Gold correction. Gold stocks will tend to reverse to the upside just prior to Gold bottoming, and we are in the final stages of the gold stock pullback it seems. I’m looking for the HUI index … [visit site to read more] |
Real Numbers Behind The Gold And Base Metals Industry Posted: 27 Jan 2010 03:45 AM PST Michael Chender is the Founder and CEO of Metals Economics Group In late 2009, the founder and CEO of Metals Economics Group, Michael Chender delivered a keynote address at the Mines & Money Conference in London where he spoke about the real statistics behind Gold and Base Metals exploration budgets, mergers and acquisitions, new technologies, discoveries, supply and demand dynamics and the future outlook for these metals. Attached below are the slides from his presentation. A … [visit site to read more] |
Jack Crooks On “Intermarket Relationships: Why It Matters To Currency Investors” Part 1 Posted: 27 Jan 2010 06:16 AM PST Join Jack Crooks, founder and president of Black Swan Capital, as he discusses current trends in the markets and the impact for currency investors. … [visit site to read more] |
Jack Crooks On “Intermarket Relationships: Why It Matters To Currency Investors” Part 2 Posted: 27 Jan 2010 06:15 AM PST Join Jack Crooks, founder and president of Black Swan Capital, as he discusses current trends in the markets and the impact for currency investors. … [visit site to read more] |
Jack Crooks On “Intermarket Relationships: Why It Matters To Currency Investors” Part 3 Posted: 27 Jan 2010 06:14 AM PST Join Jack Crooks, founder and president of Black Swan Capital, as he discusses current trends in the markets and the impact for currency investors. … [visit site to read more] |
Jack Crooks On “Intermarket Relationships: Why It Matters To Currency Investors” Part 4 Posted: 27 Jan 2010 06:13 AM PST Join Jack Crooks, founder and president of Black Swan Capital, as he discusses current trends in the markets and the impact for currency investors. … [visit site to read more] |
Jack Crooks On “Intermarket Relationships: Why It Matters To Currency Investors” Part 5 Posted: 27 Jan 2010 06:12 AM PST Join Jack Crooks, founder and president of Black Swan Capital, as he discusses current trends in the markets and the impact for currency investors. … [visit site to read more] |
Jack Crooks On “Intermarket Relationships: Why It Matters To Currency Investors” Part 6 Posted: 27 Jan 2010 06:11 AM PST Join Jack Crooks, founder and president of Black Swan Capital, as he discusses current trends in the markets and the impact for currency investors. … [visit site to read more] |
Jack Crooks On “Intermarket Relationships: Why It Matters To Currency Investors” Part 7 Posted: 27 Jan 2010 06:10 AM PST Join Jack Crooks, founder and president of Black Swan Capital, as he discusses current trends in the markets and the impact for currency investors. … [visit site to read more] |
Jack Crooks On “Intermarket Relationships: Why It Matters To Currency Investors” Part 8 Posted: 27 Jan 2010 06:09 AM PST Join Jack Crooks, founder and president of Black Swan Capital, as he discusses current trends in the markets and the impact for currency investors. … [visit site to read more] |
Jack Crooks On “Intermarket Relationships: Why It Matters To Currency Investors” Part 9 Posted: 27 Jan 2010 06:08 AM PST Join Jack Crooks, founder and president of Black Swan Capital, as he discusses current trends in the markets and the impact for currency investors. … [visit site to read more] |
Posted: 26 Jan 2010 10:23 PM PST In our Best of Funds Family series, we are focusing today on funds from Rydex Investments which manages over $17 billion in assets via more than 100 mutual funds and exchange traded products.We are spotlighting five funds here: four sector funds (Electronics, Basic Materials, Biotechnology & Precious Metals) and an Index fund. |
Mutual Funds: Top Chinese Equity Funds Posted: 26 Jan 2010 10:04 PM PST Today we are featuring top-performing "Chinese equity” mutual funds that invest most of their assets in equity securities of companies that trade in or are related to the Chinese economy. The Chinese economy grew by 8.7% last year and will look to achieve the 8% mark in 2010. Private investment is expected to boost growth in the near future as the government's economic stimulus program winds down. |
Stock Buy: Teva Pharmaceutical Posted: 26 Jan 2010 09:00 PM PST Teva Pharmaceutical Industries Ltd. (TEVA) recently presented an updated its strategy for growth. The company plans to achieve revenues of $31 billion and non-GAAP net income of $6.8 billion by 2015. Management said its core business, generics, will continue to drive growth, while Teva continues to expand its branded business. |
Posted: 26 Jan 2010 09:00 PM PST SanDisk Corp. (SNDK) recently hit a new 52-week high at $32 after breaking above a short-term level of resistance at $23. The company is set to report its Q4 results on Jan 28, and if Q3 is any indication, investors should be pleased. |
Stock Buy: Newmont Mining Corporation Posted: 26 Jan 2010 09:00 PM PST Newmont Mining Corporation (NEM) is riding the gold rush as the company has surprised on estimates 3 out of the last 4 quarters by an average of 11.02%. NEM is trading with a PEG ratio of just 0.86. |
Bear Of The Day: GameStop Corp. (GME) Posted: 26 Jan 2010 09:00 PM PST The video game industry, of which GameStop Corp. (GME) is a part, had surged ahead for a number of years but is now grappling with the recession. |
Bull Of The Day: Brown-Forman Corp. (BF.B) Posted: 26 Jan 2010 09:00 PM PST Brown-Forman (BF.B) is a well-established player in the premium alcoholic beverages industry and possesses a strong portfolio of globally recognized brands. |
Posted: 26 Jan 2010 09:00 PM PST Fairchild Semiconductor (FCS) shares are surging on the most recent quarterly report. Share of FCS are also a great value as analysts continue to raise estimates. |
McKinsey On Deleveraging, “Painful, Lasting 6 To 7 Years” Posted: 26 Jan 2010 03:41 PM PST Top management consulting firm McKinsey & Company seems to be catching on to the fact that, as Marc Faber so succinctly put it, we're all doomed. Its McKinsey Global Institute has put out a January report with extensive findings on debt and deleveraging in world economies as a result of the global credit bubble collapse. |
First Trust Plans Three New ETFs Posted: 26 Jan 2010 01:12 PM PST First Trust, the Lisle, Illinois-based ETF provider best known for its AlphaDEX funds, has filed papers for three new ETFs, including two commodity funds and one emerging market ETF. The funds in registration are the First Trust BICK Index Fund, First Trust ISE Global Copper Index Fund, and the First Trust ISE Global Platinum Index Fund. All three will have an expense ratio of 0.70%. |
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