Daily Markets - Financial News & Opinions |
- Bull Market For Commodities To Remain Intact In 2010
- Leap Wireless Mulls Sale/Merger
- Becton Beats, Bumps Estimates
- Forex Trading: EURUSD Pushes Ahead, But Fails.
- BNY Mellon Gets License In China
- Video: Choppiness Lies Ahead But Optimism Is Still Strong
- To Risk Or Not To Risk
- Novatel Strengthens Ovation Series
- FDA Approves AGN’s Juvederm XC
- Video: Hershey Reports Sweet 4Q Results
- UPS Beats, Outlook Positive
- Our Incredible Shrinking Democracy
- Video: NYSE Opening Bell Market Monitor: UPS, DOW, WHR
- Video: Sensex Slides While Rest Of Asia Rises
- DHI Returns To Profitability
- Enterprise Posts Solid Results
- Will Buyers’ Market Boost Private Equity ETF (PSP)?
- Whirlpool Tops Estimates
- Anadarko Profits Dip, Sales Rise
- Forex Trading: EURUSD Tests 100 Hour MA Again
- WESCO Sees Bleak 2010
- Stock Market News Briefs: Alcoa Inc., Archer-Daniels-Midland Company, Boeing Company (The), Citigroup Inc., Dow Chemical Company (The), Emerson Electric Company, Exxon Mobil Corporation, Freeport-McMoRan Copper & Gold, Inc., Mastercard Incorporated, Rio Tinto Plc, United Parcel Service, Inc., Visa Inc., Whirlpool Corporation
- Beyond XLY: Three Pure Play Consumer Discretionary ETFs
- Key Price Levels: Battle Lines Have Been Drawn
- Hologic Surpasses Zacks Estimate
- 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: The Upside Prevails
- Will Oil Prices Gush Higher Or Spill Lower?
- Morning News Notes: 2/2/2010
- Interactive Brokers Misses Again
- Forex Trading: USDJPY Continues To Have Ceiling Resistance At 90.90. Look For 90.20 Support Today
- PIMCO Launches Active Short Term Muni Bond ETF (SMMU)
- No More Golden Days For Gold Mining Stocks
- Archer Daniels Beats Estimates
- Forex Trading: GBPUSD Stuck In The Range With Choppy Trading In Between.
- Dow Posts Encouraging Results
- Dow Beats But Falls In Pre-Market
- The Great American Liquidation Sale
- Stock Buy: Limited Brands Inc.
- Volcker’s “Rule” For Preventing Moral Hazard
| Bull Market For Commodities To Remain Intact In 2010 Posted: 02 Feb 2010 09:01 AM PST The biggest emerging economies have ambitious plans that require a greater share of the world’s limited commodities. This trend is spurring profound and permanent disruptions in how these resources are allocated now and in the future. For investors, these disruptions present opportunities. Simply put, an investment in natural resources is a vote of confidence in global economic growth. Rapid urbanization and industrialization, better infrastructure and growing consumption in emerging … [visit site to read more]
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| Leap Wireless Mulls Sale/Merger Posted: 02 Feb 2010 09:00 AM PST Unlimited prepaid wireless carrier Leap Wireless (LEAP) is reportedly exploring opportunities for a potential sale or merger with a rival operator. The company has hired Goldman Sachs (GS) and Morgan Stanley (MS) as advisors and formed a three-member special committee to evaluate strategic options and find a potential suitor for Leap. While the most likely partner for Leap is its archrival MetroPCS (PCS), other potential candidates are Tier-1 US carriers such as Verizon (VZ) and … [visit site to read more]
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| Posted: 02 Feb 2010 08:40 AM PST We recently reiterated our Neutral rating on Becton, Dickinson and Company (BDX) with a target price of $78 based on a P/E of approximately 15.3x our fiscal 2010 EPS estimate of $5.10. BD Medical revenues … [visit site to read more]
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| Forex Trading: EURUSD Pushes Ahead, But Fails. Posted: 02 Feb 2010 08:21 AM PST The EURUSD has pushed ahead, rising above the 100 hour MA at the 1.3953 level. The price extended to 1.3965 which is not a whole lot. The extension closed the hour below the moving average line which puts into question the markets heart in the directional break. If the price is not able to move back above, soon the downside may take control again. Watch for a move below 1.3940 for a confirmation. … [visit site to read more]
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| BNY Mellon Gets License In China Posted: 02 Feb 2010 08:20 AM PST BNY Mellon, a division of Bank of New York Mellon Corp. (BK), said on Monday that it has obtained a license from the China Securities Regulatory Commission (CSRC) to invest in yuan-denominated Chinese securities as a Qualified Foreign Institutional Investor. This approval follows BNY Mellon's application to CSRC to establish a joint venture fund management company in China with Western Securities. BNY Mellon has a long-term strategy for China as the country's economic environment … [visit site to read more]
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| Video: Choppiness Lies Ahead But Optimism Is Still Strong Posted: 02 Feb 2010 08:06 AM PST Despite recent choppy trade, floor trader David Henderson points out that optimism continues to remain persistent as the Dow has weathered the storm and continues to improve from its lows. … [visit site to read more]
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| Posted: 02 Feb 2010 08:05 AM PST In many respects the current market environment can be broken down into a very simple construct: to risk or not to risk. To start this week, the risk trade is back on. Risk assets, such as stocks and commodities, are moving higher; safe haven assets, such as bonds and the Dollar, are moving lower. Last week, the risk trade was off. Safe haven assets outperformed as the risky assets went into a swoon. From this perspective, the markets have yet to “figure out” if risk taking is warranted or … [visit site to read more]
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| Novatel Strengthens Ovation Series Posted: 02 Feb 2010 08:00 AM PST Novatel Wireless Inc. (NVTL) strengthens technical features of its industry leading Ovation series of USB data modems. In the first half of January, the company launched its Ovation MC996D High-Speed USB Data Modem for HSPA+ mobile broadband network. HSPA+ is the next evolution of high-speed packet access (HSPA) wireless broadband technology with greater capacity for data throughput compared to standard 3G networks. HSPA+ systems offer data rates from 14.4 Mbps to 28 Mbps with the potential … [visit site to read more]
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| FDA Approves AGN’s Juvederm XC Posted: 02 Feb 2010 07:45 AM PST Allergan, Inc. (AGN) received good news recently in the form of US Food and Drug Administration (FDA) approval for a new version of the company's dermal filler, Juvederm. The FDA granted approval to Juvederm XC, which is the latest version of the company's Juvederm family of products that consists of Juvederm Ultra and Juvederm Ultra Plus. Juvederm XC should see significant uptake among physicians and patients. It contains lidocaine, a local anesthetic. This gives patients … [visit site to read more]
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| Video: Hershey Reports Sweet 4Q Results Posted: 02 Feb 2010 07:41 AM PST The Hershey Company reported on Tuesday that its 4Q earnings exceeded expectations on higher prices and an improvement in overseas business. … [visit site to read more]
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| Posted: 02 Feb 2010 07:40 AM PST United Parcel Services Inc.'s (UPS) fourth quarter operating earnings per share of 75 cents came in ahead of the Zacks Consensus Estimate of 73 cents and management's earlier guidance of 58-65 cents. However, this was lower compared to 83 cents recorded in the prior-year quarter. Results reflected strong performance in the international segment and decreased operating expenses, which was offset by a decline in the revenues and operating margins of the U.S. domestic package and supply, … [visit site to read more]
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| Our Incredible Shrinking Democracy Posted: 02 Feb 2010 07:39 AM PST I wish conservatives would stop complaining about big government and start worrying about the real problem – small democracy. I wish we'd all worry more about our incredible shrinking democracy.
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| Video: NYSE Opening Bell Market Monitor: UPS, DOW, WHR Posted: 02 Feb 2010 07:34 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: Sensex Slides While Rest Of Asia Rises Posted: 02 Feb 2010 07:31 AM PST India’s BSE Sensex index posted a huge loss this session following a slide in its domestic banking sector. … [visit site to read more]
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| Posted: 02 Feb 2010 07:30 AM PST D.R. Horton (DHI) reported net income of $192.0 million or 56 cents per share for the first quarter of its fiscal 2010, compared to a net loss of $62.6 million or 20 cents per share in the first quarter of fiscal 2009. The current year quarter includes a tax benefit of $149.2 million. Excluding this, fiscal 2010 first quarter earnings are $42.8 million or approximately 12 cents per share. The Zacks Consensus Estimate was a net loss of 16 cents per share. D.R. Horton reported first quarter … [visit site to read more]
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| Enterprise Posts Solid Results Posted: 02 Feb 2010 07:20 AM PST Enterprise Products Partners L.P. (EPD) has reported its fourth quarter results. Recurring earnings per limited partners unit was 52 cents, easily beating the Zacks Consensus Estimate of 47 cents and year-ago earnings of 44 cents. Including one-time items, earnings were 60 cents per unit.
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| Will Buyers’ Market Boost Private Equity ETF (PSP)? Posted: 02 Feb 2010 07:20 AM PST Wall Street bonuses on par with the glory days of the early 2000s have convinced many investors (and politicians) that the financial sectors is back on steady ground, churning out record profits and once again rolling the dice on risky financial instruments. But according to a recent study, private equity firms face one of the toughest operating environments in decades, and a wave of mergers and closures is expected to wash over the industry in coming months.
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| Posted: 02 Feb 2010 07:15 AM PST Whirlpool Corporation (WHR) posted a profit of $141 million or $1.64 per share for the fourth quarter of 2009, beating the Zacks Consensus Estimate of $1.30 per share and year-ago level of $44 million or 60 cents per share. The company cited cost reduction and productivity initiatives as well as increased sales volume to be the contributing factors behind the earnings surprise. Operating profit in the quarter totaled $199 million compared to $10 million in the prior-year quarter. Net sales … [visit site to read more]
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| Anadarko Profits Dip, Sales Rise Posted: 02 Feb 2010 07:00 AM PST Anadarko Petroleum Corporation (APC) posted robust numbers for the fourth quarter of 2009, driven by higher sales volumes and lower capital spending on near term projects. Net income from continuing operations was 4 cents per share, in line with the Zacks Consensus Estimate of 4 cents and better than a net loss of 12 cents reported in the same period last year. For full year 2009, the company reported a net loss of 28 cents, better than the Zacks Consensus Estimate of a net loss of $1.12 and … [visit site to read more]
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| Forex Trading: EURUSD Tests 100 Hour MA Again Posted: 02 Feb 2010 06:40 AM PST The EURUSD has tested the 100 hour MA again at the 1.3953 level and so far held again. The good news for the pair is looking at the 5 minute chart the price held the days range support at the 1.3930 level. This level was outlined in an earlier post (CLICK HERE).
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| Posted: 02 Feb 2010 06:40 AM PST WESCO International (WCC) announced fourth-quarter earnings that exceeded the Zacks consensus estimate by a penny.
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| Posted: 02 Feb 2010 06:30 AM PST Bank of America (BA) upgraded ExxonMobil (XOM) to “buy” from “neutral,” with a price target of $82. Bernstein initiated coverage of Visa (V) and MasterCard (MA), both with “outperform” ratings, and price targets of $104 and $325, respectively. Emerson Electric (EMR) posted … [visit site to read more]
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| Beyond XLY: Three Pure Play Consumer Discretionary ETFs Posted: 02 Feb 2010 06:23 AM PST Through the eyes of an investors, the consumer sector of the global economy is generally split into two segments: consumer staples and consumer discretionaries. Consumer staples stocks generally include those that manufacture and sell goods that are vital components of most household budgets, such as food and non-durable household goods. Companies producing goods that are deemed to be more of a luxury spend are classified as consumer discretionary stocks. XLY Top Ten … [visit site to read more]
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| Key Price Levels: Battle Lines Have Been Drawn Posted: 02 Feb 2010 06:21 AM PST Now that the market has pulled back a bit, the proverbial bounce has commenced at the expected levels. Areas of support and resistance are noted on the charts as the battle lines have been drawn. Key price levels are points where buying and selling are most likely to take place. With over 40 years of back tested data, I have defined these key price levels as a pivot point low occurring at a time when investor sentiment is bearish (i.e, bull signal). These key areas are shown with the red dots … [visit site to read more]
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| Hologic Surpasses Zacks Estimate Posted: 02 Feb 2010 06:20 AM PST Hologic Inc.'s (HOLX) first quarter fiscal 2010 (ended Dec 26, 2009) earnings of 29 cents per share (excluding special items) were above the Zacks Consensus Estimate of 26 cents. The company had earned 31 cents in the year-ago quarter (ended Dec 27, 2008). Hologic reported net income of $74.6 million (excluding special items), compared to a net income of $80.7 million a year earlier.
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| Swiss Franc: Continuation Of The Rebound Posted: 02 Feb 2010 06:18 AM PST |
| Posted: 02 Feb 2010 06:18 AM PST |
| Canadian Dollar: Continuation Of The Rebound Posted: 02 Feb 2010 06:18 AM PST |
| Japanese Yen: The Upside Prevails Posted: 02 Feb 2010 06:18 AM PST |
| British Pound: The Upside Prevails Posted: 02 Feb 2010 06:18 AM PST |
| Posted: 02 Feb 2010 06:18 AM PST |
| Will Oil Prices Gush Higher Or Spill Lower? Posted: 02 Feb 2010 06:17 AM PST Fundamentals
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| Posted: 02 Feb 2010 06:04 AM PST The “Morning News Notes” as prepared by TL…small business lending, Royal Bank of Australia, Volcker’s testimony, and Obama’s budget. Just click on the link or the coffee mug below. “Morning News Notes”: February 2, … [visit site to read more]
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| Interactive Brokers Misses Again Posted: 02 Feb 2010 06:00 AM PST Interactive Brokers Group, Inc.'s (IBKR) fourth-quarter earnings of 6 cents per share were substantially short of the Zacks Consensus Estimate of 25 cents. Earnings were also down 87.8% from 49 cents in the prior-year quarter.
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| Forex Trading: USDJPY Continues To Have Ceiling Resistance At 90.90. Look For 90.20 Support Today Posted: 02 Feb 2010 05:53 AM PST The USDJPY just could not break through the 90.90 level overnight and the failure has led to some selling pressure. The price has now dipped below the 90.55 level which has been another key technical level over the last few weeks (see chart above) and looks next to test key support at the 90.20 area. At that level is 100 and 200 hour moving average support (green and blue line in the chart above), trendline support off the hourly chart, and 100 day Moving average support. When … [visit site to read more]
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| PIMCO Launches Active Short Term Muni Bond ETF (SMMU) Posted: 02 Feb 2010 05:51 AM PST Tuesday marks the first day of trading for the PIMCO Short Term Municipal Bond Strategy Fund (SMMU), the third actively-managed ETF from the Newport Beach, California-based bond fund giant. The fund is designed for investors seeking tax-exempt income, and consists of a diversified portfolio of short duration, high credit quality bonds that carry interest income exempt from federal tax.
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| No More Golden Days For Gold Mining Stocks Posted: 02 Feb 2010 05:50 AM PST The gold mining stocks has been showing weakness since the first sign of strengthening US dollars. Most of them are trading below 200DMA and trying to regain ground back above the 200DMA support. However, as evident from the lower volume accompanying the last white candlestick yesterday, I don’t think there will be strong rebound for most of Yamana Gold (AUY), Barrick Gold (ABX) and Market Vectors Gold Miners ETF (GDX). Too many overhead resistance from 200D MA, 13D and 26 D. I would … [visit site to read more]
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| Archer Daniels Beats Estimates Posted: 02 Feb 2010 05:45 AM PST Archer Daniels Midland Company (ADM), one of the leading food processing companies in the world, reported fiscal 2010 second quarter earnings of $567 million or 88 cents per share, compared to $578 million or 90 cents per share in the year-earlier quarter. Earnings exceeded the Zacks Consensus Estimate by a hefty margin of 16 cents. The year-over-year decrease in quarterly earnings was primarily due to a $177 million pre-tax decline in corporate results related to the change in LIFO … [visit site to read more]
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| Forex Trading: GBPUSD Stuck In The Range With Choppy Trading In Between. Posted: 02 Feb 2010 05:42 AM PST The GBPUSD randomly walked through the motions today with support holding and resistance holding but choppy action between the extremes. The price held the channel support line in the London morning session. Yesterday this channel line was breached but the price action below could not be sustained and the market rebounded. The level comes in at the 1.5896 level currently and this will certainly be used by buyers today on dips.
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| Posted: 02 Feb 2010 05:37 AM PST The Dow Chemical Company (DOW) reported encouraging results for the fourth quarter and full year 2009. During the fourth quarter EPS was 18 cents, compared to a loss of 63 cents in the same quarter in the previous year. It was above the Zacks Consensus Estimate of 10 cents. Full-year earnings were 63 cents per share, down from $1.79 in 2008. However, it was more than the Zacks Consensus Estimate of 49 cents. Sales in the quarter increased 4% to $12.5 billion compared to $12.0 billion in the … [visit site to read more]
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| Dow Beats But Falls In Pre-Market Posted: 02 Feb 2010 05:37 AM PST The Dow Chemical Company (DOW) reported encouraging results for the fourth quarter and full year 2009. During the fourth quarter EPS was 18 cents, compared to a loss of 63 cents in the same quarter in the previous year. It was above the Zacks Consensus Estimate of 10 cents. Full-year earnings were 63 cents per share, down from $1.79 in 2008. However, it was more than the Zacks Consensus Estimate of 49 cents. Sales in the quarter increased 4% to $12.5 billion compared to $12.0 billion in the … [visit site to read more]
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| The Great American Liquidation Sale Posted: 02 Feb 2010 05:00 AM PST By Tom Dyson I look out my window and see a large bank, built of sandstone. They’ve carefully landscaped the forecourt and there’s a big blue awning over the front door. This bank is four years old, but it looks newer. Inside, there’s a neat row of teller stations set up behind glass windows that reach the ceiling. They have a flat-screen television on the wall, tuned to the Bloomberg channel. There’s space for 20 cars in the parking lot. If you don’t feel like getting out of your car, … [visit site to read more]
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| Stock Buy: Limited Brands Inc. Posted: 01 Feb 2010 09:00 PM PST Limited Brands Inc. (LTD) recently reported December net sales of $1.660 billion, an increase from last year’s $1.644 billion. Comparable store sales slipped 2% year-over-year. Shares spiked on the sales results and have maintained a higher level since, currently trading near a 52-week high.
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| Volcker’s “Rule” For Preventing Moral Hazard Posted: 01 Feb 2010 06:00 PM PST Former Federal Reserve chairman Paul Volcker is one of few economists with both President Obama's ear and some sense of the long term consequences of Fed interest rate manipulation. When the dollar was headed for crisis in the 70s, he stood firm to raise rates to 18 percent which, for a time, helped the dollar maintain value. In a recent op-ed piece, he further explains the consequences he sees of bank bailouts.
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