Daily Markets - Financial News & Opinions |
- Are Foreigners To Blame For America’s Financial Crisis? Here’s A Closer Look
- When China Sneezes, Wall Street Will Catch A Cold
- Wilmington Underperforms
- Exxon Beats But Net Sinks
- Abaxis Misses Zacks Estimate
- Forex Trading: USDCAD Moves Below Intraday Moving Average Levels. Trendline And 100 Hour MA Eyed At 1.0646
- In-Line Quarter For Humana
- WisdomTree To Shut Down 10 ETFs
- Forex Trading: EURUSD Moves Above Channel Resistance At 1.3914 Area.
- Bank Failures Inch To 15 In 2010
- Stock Market News Briefs: Barclays PLC, Citigroup Inc., Comerica Incorporated, Deutsche Bank AG, Eastman Chemical Company, Exxon Mobil Corporation, Humana Inc., J P Morgan Chase & Co, Macy’s Inc, Mirant Corp, Morgan Stanley, Walt Disney Company (The)
- Swiss Franc: Continuation Of The Rebound
- Australian Dollar: Bounce
- Canadian Dollar: Continuation Of The Rebound
- Japanese Yen: The Upside Prevails
- British Pound: The Upside Prevails
- Euro: Bounce
- Helmerich & Payne Beats Ests
- The Week Ahead: Market Psychology Versus Data
- Morning News Notes: 2/1/2010
- Forex Trading: GBPUSD Tests 1.5922 Level
- Sohu Beats, Outlook Disappoints
- Ford Motor Company - A Hidden Treasure
- Forex Trading: EURUSD Tests Upper Band Of Channel Resistance At 1.3920 Level
- What’s Next For The North American Economy And The Stock Markets?
- Forex Trading: China’s Strong PMI Fails To Inspire Risk Takers
- The Medium And Long Term Trend Is Still Up For Gold, Silver And Crude Oil
- Stock Buy: Bob Evans Farms Inc.
- Bull Of The Day: Helmerich & Payne (HP)
- Bear Of The Day: GlaxoSmithKline (GSK)
- Stock Buy: Cnooc Ltd
- Stock Buy: Asiainfo Holdings, Inc.
- Mutual Funds: Top Small-Cap Equity Funds
| Are Foreigners To Blame For America’s Financial Crisis? Here’s A Closer Look Posted: 01 Feb 2010 07:49 AM PST In his State of the Union address, President Obama reiterated his ambitious agenda to improve the economy and enact sweeping financial reform aimed specifically at the Big Banks. The European Union is also pursuing similarly ambitious changes aimed at preventing another crisis in the future. At the World Economic Forum in Davos, Switzerland, where more than forty heads of state met, the proposals for financial regulatory reform were part of the focus of deliberation. There is undeniably … [visit site to read more]
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| When China Sneezes, Wall Street Will Catch A Cold Posted: 01 Feb 2010 07:01 AM PST Investors who needed proof of China’s increased importance in the post-financial-crisis world only have to look at the nervousness of recent weeks to get a glimpse of the future. When U.S. stocks fell sharply late Friday, they capped off a harrowing 10-day span that has seen the broad U.S. market benchmarks drop by nearly 7%. Emerging markets are down 9%. Not surprisingly, investor fear has sent volatility rocketing 40% - the largest two-week increase since the global financial crisis went … [visit site to read more]
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| Posted: 01 Feb 2010 07:00 AM PST Wilmington Trust Corporation (WL) reported a fourth quarter loss available to common shareholders of $15.7 million or 23 cents per share compared to a loss of $69.4 million or $1.02 per share in the year-ago quarter. The results lagged behind the Zacks Consensus Estimate of a gain of 4 cents.
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| Posted: 01 Feb 2010 06:50 AM PST ExxonMobil Corporation (XOM) reported fourth quarter 2009 earnings of $1.27 per share, compared to the Zacks Consensus Estimate of $1.20 and year-earlier earnings of $1.54. Earnings at XOM, though better than expected, were significantly lower than the year-earlier numbers due to lower refining and fuel margins as well as weak natural gas realizations. However, these were partly offset by higher crude realizations. Exxon maintained its quarterly dividend of $0.42 per share and repurchased … [visit site to read more]
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| Posted: 01 Feb 2010 06:45 AM PST Abaxis, Inc. (ABAX) reported third quarter fiscal 2010 earnings per share of 15 cents, missing the Zacks Consensus Estimate of 17 cents. However, earnings in the year-ago quarter were 15 cents.
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| Posted: 01 Feb 2010 06:42 AM PST The USDCAD has moved through the 100 and 200 bar MA on the 5 minute chart after toying with the two moving averages for most of the trading day. The moving averages are starting to turn down and should provide upside resistance now. The 200 bar comes in at the 1.0693 now (green line in the chart above). Look for sellers against the level with stops above the 100 bar MA at the 1.0696 level (blue line in chart above)
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| Posted: 01 Feb 2010 06:40 AM PST Humana Inc. (HUM) reported fourth quarter and full-year results for fiscal 2009. Quarterly Results Humana reported fourth-quarter earnings of $1.48 per share, in line with the Zacks Consensus Estimate. The company earned $1.03 per share for the year-ago quarter. Results were helped by lower prescription drug plan (PDP) claim expenses in the reported quarter. Consolidated revenues for the quarter came in at $7.63 billion compared to $7.49 billion in the year-ago quarter, up approximately … [visit site to read more]
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| WisdomTree To Shut Down 10 ETFs Posted: 01 Feb 2010 06:40 AM PST WisdomTree, an ETF issuer specializing in international and fundamentally-weighted funds, announced the closure of ten of its funds, effective March 24th, 2010. The ETFs effected represent just 3% of WisdomTree's $6 billion in assets under management and include several of the company's international sector funds. The largest fund closing is WisdomTree International Communications Sector Fund (DGG) which had roughly $27 million in assets at the end of last year.
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| Forex Trading: EURUSD Moves Above Channel Resistance At 1.3914 Area. Posted: 01 Feb 2010 06:31 AM PST The EURUSD has pushed above the resistance at the channel trendline at 1.3914 currently. This should lead to further upside corrective pressure. Targets on the upside continue to be the 1.3935 level (61.8% of the move down from Friday's high) and then the 1.3983 level which is the 38.2% of the move down from the January 25th high, an old high area and where the 100 hour MA (blue line in the hourly chart is found). On the downside, the price needs to maintain above … [visit site to read more]
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| Bank Failures Inch To 15 In 2010 Posted: 01 Feb 2010 06:30 AM PST U.S. regulators on Friday shuttered six more banks in California, Georgia, Florida, Minnesota and Washington as the recession continues to take its toll on small banks. This brings the total number of bank failures to 15 so far in 2010, compared to 140 in 2009, 25 in 2008 and 3 in 2007. That is, one bank failure every two days in January 2010.
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| Posted: 01 Feb 2010 06:26 AM PST ExxonMobil (XOM) posted fourth quarter earnings of $1.27 a share, beating Zacks of $1.19 a share, versus $1.55 a year ago. The company reported revenues of $89.84 billion Humana (HUM) posted fourth quarter earnings of $1.48, in-line with Zacks estimates, versus $1.07 on revenues of $7.63 billion, ahead of Zacks estimates of $7.72 billion. The company raised its full-year guidance to $5.15-$5.35 Morgan Stanley (MS) upgraded Comerica (CMA) to … [visit site to read more]
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| Swiss Franc: Continuation Of The Rebound Posted: 01 Feb 2010 06:18 AM PST |
| Posted: 01 Feb 2010 06:18 AM PST |
| Canadian Dollar: Continuation Of The Rebound Posted: 01 Feb 2010 06:18 AM PST |
| Japanese Yen: The Upside Prevails Posted: 01 Feb 2010 06:17 AM PST |
| British Pound: The Upside Prevails Posted: 01 Feb 2010 06:17 AM PST |
| Posted: 01 Feb 2010 06:17 AM PST |
| Posted: 01 Feb 2010 06:15 AM PST Contract drilling services provider Helmerich & Payne, Inc. (HP) reported solid results for the first fiscal quarter of 2010 (ending December 31, 2009), buoyed by improving rig counts on the back of rebounding commodity prices. Earnings per share, excluding gains from non-operating items, came in at 58 cents, surpassing the Zacks Consensus Estimate of 50 cents.
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| The Week Ahead: Market Psychology Versus Data Posted: 01 Feb 2010 06:01 AM PST There is a strong theme for this week’s trading: Psychology versus Data. The objective is to make a profit. Each week is a new challenge. It is my intention to do my look ahead on Friday or Saturday, but this week was a little special on a personal level. Regular readers know that my main hobby is tournament bridge. That is no surprise. Skill at bridge is highly correlated with successful trading. The traders in my group at the Chicago Board Options Exchange were all … [visit site to read more]
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| Posted: 01 Feb 2010 06:01 AM PST The “Morning News Notes” as prepared by TL…Exxon Mobil earnings, Obama’s budget, Toyota recall, S&P500 technicals, S&P500 earnings, and comments by Fed’s Bullard. “Morning News Notes”: February 1, … [visit site to read more]
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| Forex Trading: GBPUSD Tests 1.5922 Level Posted: 01 Feb 2010 06:00 AM PST The GBPUSD has moved higher and is testing the 1.5922 level which corresponds with the trendline broken during the London session. The price has also moved above the 100 bar MA on the 5 minute chart at the 1.5914 level. The 200 bar MA at the 1.5934 level needs to be surpassed to confirm what should be further upside momentum for the … [visit site to read more]
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| Sohu Beats, Outlook Disappoints Posted: 01 Feb 2010 06:00 AM PST Sohu.com Inc.’s (SOHU) net income in the quarter fell year over year and quarter over quarter due to poor operating performance as operating expenses rose in the quarter. On a non-GAAP basis, net income was $39.3 million or 92 cents per share in the quarter, down from $59.0 million or $1.50 per share last year and $40.9 million or 96 cents per share last quarter. However, fourth-quarter earnings beat the Zacks Consensus estimate of 90 cents per share by 2 cents and were in line with the … [visit site to read more]
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| Ford Motor Company - A Hidden Treasure Posted: 01 Feb 2010 05:45 AM PST In the last quarter, Ford Motor Company (F) swung to its first quarterly profit in the past five years and there are plenty of indicators that suggest a bright outlook for one of the first automakers in the United States. From a fundamental perspective, things seem to be heading in the right direction for Ford. The company remains competitive, has indicated positive operating cash flows and has boasted a 22% increase in revenues from a year ago. Additionally, Ford was the only large … [visit site to read more]
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| Forex Trading: EURUSD Tests Upper Band Of Channel Resistance At 1.3920 Level Posted: 01 Feb 2010 05:17 AM PST The EURUSD created a double bottom at the 1.3852 level (this was also the lower trendline in the above channel formation). The support, gave buyers the courage to enter the market, and when EURGBP started a move higher, this helped the EURUSD in the process. Now the price is testing the upper band of the channel move lower at the 1.3920 area. A break above will likely next target the 1.3983 area over time where the 38.2% retracement of hte move down from January 25th, the … [visit site to read more]
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| What’s Next For The North American Economy And The Stock Markets? Posted: 01 Feb 2010 04:45 AM PST On an annual basis U.S. GDP rose 5.7% in Q4 of 2009. On the surface, the number was excellent. However, more than ½ of the growth was built on replenishing inventory. Exports rose 18.1% probably because of increasing global demand and a weak dollar. Business capital spending exceeded expectations. It is not likely this rate of growth is sustainable. Household debt has just begun a long descent which is reflected in soft consumer spending. We have seen mixed corporate earnings … [visit site to read more]
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| Forex Trading: China’s Strong PMI Fails To Inspire Risk Takers Posted: 01 Feb 2010 04:41 AM PST Negative risk sentiment is still clearly the driving theme in the FX markets. Last week, already skittish investors were hit with the “trifecta” of problems. Rising CDS spreads on sovereign debt, worries that China would take a less accommodative stance in monetary policy and political risk in the US (take your pick: Bernanke’s confirmation, banking regulations and/or Obama’s whopper Budget). Understandably, even the better than expected S&P 500 earnings from over 70% of firms reporting and … [visit site to read more]
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| The Medium And Long Term Trend Is Still Up For Gold, Silver And Crude Oil Posted: 01 Feb 2010 03:45 AM PST In my December 11th article “A Seasonal Look at Gold and Oil” the gold correction was just beginning its second week. At that time I speculated on where gold would pullback to as far as price goes and said:
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| Stock Buy: Bob Evans Farms Inc. Posted: 31 Jan 2010 09:00 PM PST Bob Evans Farms Inc. (BOBE) increased its dividend in Nov 2009 by 12.5% and also announced further stock repurchases of up to million shares as the company felt confident in its financial strategy going into 2010. The company is expected to report fiscal third quarter 2010 results on Feb 9.
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| Bull Of The Day: Helmerich & Payne (HP) Posted: 31 Jan 2010 09:00 PM PST Helmerich & Payne (HP) is a leading drilling contractor with activities in the U.S. and overseas.
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| Bear Of The Day: GlaxoSmithKline (GSK) Posted: 31 Jan 2010 09:00 PM PST GlaxoSmithKline (GSK) reported third quarter income of $0.92 per American Depositary Share (ADS), 3 cents below the Zacks Consensus Estimate. The company reported earnings of $0.94 in the year-ago period.
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| Posted: 31 Jan 2010 09:00 PM PST Cnooc Limited (CEO) continues to develop the South China sea, driving projections higher. Analysts are expecting earnings to grow at a break-neck pace.
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| Stock Buy: Asiainfo Holdings, Inc. Posted: 31 Jan 2010 09:00 PM PST Asiainfo Holdings, Inc. (ASIA) is pressuring a long-term up trend line that has been supporting prices for the last 10 months after reporting better than expected Q4 results on Jan 28.
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| Mutual Funds: Top Small-Cap Equity Funds Posted: 30 Jan 2010 01:58 PM PST Today we are featuring top-performing "Small-Cap” equity mutual funds, which primarily invest in equity securities of companies that have market capitalizations of less than $2 billion because they reap maximum benefits from a bullish market and rising prices. Most small-cap companies also reinvest their profits, thus reassuring shareholders of superior performance and profit potential.
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