High Fourth Quarter Earnings by CF Industries Bared

by on 10. May, 2012 in Market News

CF Industries Holdings (CF) revealed its fourth quarter 2011 highlights to include net earnings of $439 million, translating to $6.66 per diluted share attributable to common stockholders, which is a remarkable increase from last year’s net of $200 million, or $2.78 per share. The same quarter’s earnings before interest, taxes, depreciation and amortization were at $871 million, a far cry from previous year’s fourth quarter $500 million.

Net sales for the said quarter were at $1.7 billion as against $1.2 billion in the previous year. The tight global grain stocks, high world demand for crop nutrients, elevated corn production in North America, and sustained natural gas prices are factors which would drive up margins and volumes for the company.

The stock has recorded a new all time high lately, closing at $186.75 and surpassing the standing record of $181.89. This $182 level should now act as a support line for CF, which is currently priced at $183.88

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HanesBrands Bares Fourth Quarter 2011 Results

by on 17. Apr, 2012 in Market News

HanesBrands (HBI) essentially reported its fourth quarter 2011 financials ending December 31, 2011. The leading marketer of everyday branded basic apparel bared net sales at $4.4 billion, a figure that represents a a 7 percent increase over the previous year’s score for the same period. Its net income was placed at $267 million, translating to $2.70 per diluted share, which effectively represents a 25 percent increase of 2010’s EPS.

Hanes forecasts to deliver solid results from its core categories for 2012. Hanes Chairman and CEO Richard Noll expressed confidence for the company’s solid performance in view of its record earnings and sales in 2011, revealing strong performances in several of its categories, and expects to sustain its growth in 2012.

The stock, that joined NYSE in the second half of 2006, is currently trading slightly above $27, aiming to break the $36.20 all time high, recorded back in 2008. However, there are at least two resistance levels it has to surpass beforehand: the $30 and the $32.50.

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Visa CEO Addresses Conference

by on 02. Apr, 2012 in Market News

Mobile services that allow banks issuing cards bearing its name allowing customers to monitor and manage their accounts using mobile devices has been started by Visa Incorporated (V). The services would include fund transfers between accounts and transaction alerts. Ultimately, mobile check deposits, payments and the company’s “digital wallet” is also going to be incorporated, according to the credit giant based in San Francisco, California.

CEO Joseph Saunders revealed these innovations at the time that Visa also reported a 16 percent growth profit for the first quarter ending December 31 during a call conference for investors. The mobile strategies are initially tested on a limited locality and are expected to be made available to the public this year.

Visa is trading at the all-time high and has recently surpassed the $113 mark. Based on the “reflection” pattern to the $96-$68 downward move that took place in 2010, the trend should take the Visa stock towards the $125 level.

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Ford Recovers after Two Quarters of Profit Declines

by on 20. Mar, 2012 in Market News

Ford Motor Company (F), a leading automaker selling cars and trucks worldwide, has revealed its fourth quarter performance to investors. Net income of the company increased to $13.6 billion, translating to $3.40 per share, as against $190 million, or 5 cents per share, during the same quarter a year ago. Although the yearly revenue only rose by 6%, equaling to $34 billion and the stock missed some estimates, this definitely marks a meaningful increase in its previous year performance.

According to Alan Mulally, President and CEO of Ford, management has delivered strong results for the entire year and has continued to serve its customers across the globe with high-class vehicles and attain progress with its mid-term goals and objectives.

Ford is currently trading slightly below $13. The acid test should occur at $15, when the stock would either form a mid-term uptrend, targeting the 10-year high $18.65, or drop back, forming a head-and-shoulders technical pattern.

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Fourth Quarter Loss Declared by Cepheid

by on 12. Mar, 2012 in Market News

Amid a higher core profit caused by rising clinical sales, Cepheid (CPHD) experienced a fourth quarter loss on its one-time patent-expiration charge. Nevertheless, the future looks bright as the company, which deals with biological testing systems, saw its shares increasing value by 20 to reach $41 following the projected revenue announcement. Exceeding expectations, the company projected a revenue hovering between 55 and 60 cents per share, comprising between $333 million and $347 million. Estimates by Thomson Reuters placed revenue at 39 cents per share and totaling $333 million.

The $41 figure was a major breakthrough, as the stock surpassed the $40 resistance line, which acted as a no-go on two occasions during 2011. Technical analysis suppose that it should now act as a support line, indicating the strong uptrend of the stock.

Cepheid conducts molecular tests for the health care industry which aims to simplify normally complex, time-consuming procedures. The company’s financials have improved in the last several quarters with its clinical business earning more than its testing systems.

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LSI Reveals Fourth Quarter and Full Year Financials

by on 08. Mar, 2012 in Market News

LSI Corporation (LSI) has disclosed its fourth quarter and full year performance for the period ending December 31, 2011, starting off with revenues from continuing operations in the amount of $523 million. It also presented a fourth quarter GAAP income from continuing operations at 2 cents per diluted share and a non-GAAP income for the same period from the same operations at 13 cents per diluted share.

Cash flow from fourth quarter operations amounted to $55 million and full-year 2011 earnings amounted to $2 billion, which represent a 9 percent increase to the last year figure. On May, 6, 2011, LSI finalized the sale of its external storage systems business.

It seems that LSI, priced at $7.74 can finally breach the resistance line that lies at $7.7. Of course, it should stay above the line for at least several weeks to support this assumption of a uptrend formation.

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iPhone Sales Surges Apple Earnings

by on 08. Mar, 2012 in Market News

Apple Incorporated (AAPL) bared its financial performance on Tuesday overshadowing estimates of analysts with more than double its income. Apple, which manufactures consumer electronics, revealed first quarter earnings of over $13 billion, representing $13.87 per share, which is an increase from last year’s financials of $6 billion, representing $6.43 per share. This overshadows analysts’ estimates of $10.10 in earnings per share by an astonishing 35 percent…

Apple significantly upgraded its bottom line when it saw its gross margin increased by nearly45 percent, which is an improvement from the previous year’s margin increase of 38.5 percent. With Apple’s incredible showing, Tim Cook, CEO, said that management is thrilled with its outstanding results and record-breaking sales of iPhones, iPads and Macs.

The news, needless to say, had an immediate impact on Apple shares, which set a new all-time record, surpassing the previous $422 level with an incredible ease. AAPL is currently priced slightly below $450 – a psychological barriers , which, it seems, shall be conquered soon.

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EBay Shows Brisk Sales On Paypal And Holiday Shopping

by on 05. Mar, 2012 in Market News

EBay Incorporated (EBAY) presented its sales and profit profile which breached the estimates of analysts. According to the biggest Internet marketplace, the earnings were pushed up by its campaign to promote its expanded retail offerings and wider reach of Paypal online payments service. There was a 35 percent increase in revenue during the fourth quarter, reaching at $3.4 billion, which is above the mean estimate of analysts at $3.3 billion, culled from Bloomberg.

John Donahoe, EBay CEO, who aspired to lift the stock price since he assumed office in 2008, revealed the company increased spending by 25 percent last year to refine its technology to win back its patrons which were lured previously by its leading competitor.

Priced slightly above $31, Ebay will be looking to challenge the $35 level once again soon, after several unsuccessful attempts to breach the said price in 2011.

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Cree Quarterly Performance Misses Estimates

by on 05. Mar, 2012 in Market News

The second quarter financials of Cree Incorporated (CREE) has been reported with emphasis on profit due to expanded product lines and heftier sales. The company, which manufactures light-emitting diode products, however missed on forecasts made by analysts and manifested lower figures in its third quarter guidance.

Cree has earned some $12 million, translating to 10 cents per share, for the quarter, in its venture of making LED fixtures, bulbs, chips and allied products, which effectively revealed a downtrend from its previous year earnings of $50 million, translated to 45 cents per share. Cree Chairman and CEO Chuck Swoboda declared that the financial results for the quarter showed effective strategies amid a challenging business environment.

Technical analysis reveals that Cree is indeed in downtrend. A ten-year high of $82.12, recorded in April 2010 seems a millennia away, as the stock is currently priced at $27.19. However, for now the $20 support line seems to hold, so the future might be somewhat brighter for the company.

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High Grade Gold Bared by Brigus

by on 08. Feb, 2012 in Market News

Brigus Gold Corporation (BRD) took pride in announcing the drilling exploration on the southern district of the black Fox Complex and turn out high-grade gold assays from the 147 Zone. Howard Bird, Vice President for Exploration of Brigus, said that management is pleased to have received high-grade drill results after difficult intervals and that the excellent findings will fare well for 147 Zone and give a positive impact on gold resources.

Brigus is pursuing its exploration program in 2012 with the implementation of an $8 million surface exploration program with the objective of expanding operations in different zones on the Black Fox Complex.

Brigus has recorded its 2-yeare peak of $2.10 in the last week of 2010, but has been trading at as low as $1.12 during 2011. It is currently priced at $1.20 with $1.45 acting as an immediate resistance level.

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