Translate

Search This Blog

Search Tool




Jul 23, 2010

THE GATA DISPATCH: THe Golde shell games of ETFs / Interwied with peter Grandischn on gold and SilverChilton Explains hope for freer, more transparent gold , silver markets. July 23rd., 2010

Addison Wiggin: The golden shell games of ETFs

9:30p ET Friday, July 23, 2010
Dear Friend of GATA and Gold:
Addison Wiggin of The Daily Reckoning this week warned investors against exchange-traded funds trading in gold because they may not really control the metal they claim to have. He mentions GATA along the way. Wiggin's commentary is headlined "Golden Shell Games" and you can find it at The Daily Reckoning here:
http://dailyreckoning.com/golden-shell-games/
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

Mining Stock Talk interviews Peter Grandich on gold and silver

11p ET Friday, July 24, 2010
Dear Friend of GATA and Gold (and Silver):
Mining sector analyst Peter Grandich was interviewed for an hour this week by Mining Stock Talk. The interview covered not just the prospects for gold and silver but the always-negative gold and silver analysts who monopolize publicity given to the sector by mainstream financial news organizations; Grandich's belief in gold and silver market manipulation and his support for GATA; and some of his mining stock recommendations. You can listen to the interview at Mining Stock Talk here:
http://miningstocktalk.com/mining-stock-talk-interviews-peter-grandich/
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

 

CFTC's Chilton explains hope for freer, more transparent gold, silver markets

11:38p ET Friday, July 24, 2010
Dear Friend of GATA and Gold (and Silver):
The member of the U.S. Commodity Futures Trading Commission who has been advocating imposing position limits on traders in the precious metals markets, Bart Chilton, has made a video explaining why he thinks the financial regulation law just enacted by Congress and President Obama promises great progress, particularly in making the commodity markets freer and more transparent. The law, Chilton explains, requires the CFTC to establish position limits and authorizes the commission to prosecute "disruptive trading practices." Chilton says he is especially pleased with that, because the commission's market manipulation standards have failed almost completely for many years.
Chilton has been amazingly conscientious on the precious metals manipulation issue and has been amazingly responsive to gold and silver investors who have complained to the CFTC about market manipulation. He'll need their support as the CFTC writes the position limits regulations required by the new law. The big commercial shorts are sure to be heard as the commission continues to take public comment, so gold and silver investors can't let up yet.
You can watch Chilton's presentation at YouTube here:
http://www.youtube.com/watch?v=K1_q88rlUkw&feature=player_embedded
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

Join GATA here:
New Orleans Investment Conference
Wednesday-Saturday, October 27-30, 2010
Hilton New Orleans Riverside Hotel
http://www.neworleansconference.com/redirect.php?page=index.html&source_...

* * *
Support GATA by purchasing a colorful GATA T-shirt:
http://gata.org/tshirts
Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:
http://gata.org/node/wallstreetjournal
Or a video disc of GATA's 2005 Gold Rush 21 conference in the Yukon:
http://www.goldrush21.com/

Help keep GATA going
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
http://www.gata.org
To contribute to GATA, please visit:

http://www.gata.org/node/16

 

 

RTTNews : Evening Market Wrap.- Stocks See Relief Rally After Completion Of Euro-Bank Stress Tests - U.S. Commentary . July 23rd., 2010

Evening Market Wrap Fri Jul 232010 

Commentary

Jul 23, 2010 Stocks See Relief Rally After Completion Of Euro-Bank Stress Tests - U.S. Commentary Stocks turned a lackluster session into a rally on Friday, as the conclusion of European bank stress tests cleared the way for the markets to focus on solid quarterly corporate results and a dividend increase by General Electric (GE). The major averages all closed firmly in positive territory, setting one-month closing highs. Full Article

Earnings News

Jul 23, 2010 Johnson Controls Q3 Profit Soars, Buys JV With Delkor - Update Auto parts supplier Johnson Controls, Inc. (JCI) reported Friday that profit for the third quarter soared from last year, boosted by margin expansion and growth across all its segments. Separately, Johnson Controls announced an agreement to acquire 90% of its existing joint venture with Delkor Corp., an automotive battery manufacturer based in Seoul, South Korea. Full Article
Jul 23, 2010 Verizon Posts Q2 Loss On Buyout Charges - Update Telecom services provider Verizon Communications Inc. (VZ) on Friday reported a net loss for the second quarter, hurt by charges related to layoffs and divestitures. However, adjusted earnings per share for the quarter beat analysts' expectations. In addition, the company's wireless segment continued to add contract subscribers after winning customers with Android smartphones. Full Article
Jul 23, 2010 Schlumberger Q2 Profit Rises Oilfield services provider Schlumberger Ltd. (SLB) on Friday posted higher profit for the second quarter, as high activity and improved pricing in the US Land GeoMarket more than offset the effects of the US Gulf of Mexico drilling moratorium. The Houston, Texas-based company's net income attributable to Schlumberger was $818 million or $0.68 per share, compared to $613 million or $0.51 per share in the year-ago quarter. Full Article

Forex Top Story

Jul 23, 2010 Dollar Struggles As Earnings, Europe Fuel Global Recovery Hopes The dollar was generally weaker on Friday as stocks continued to rise on optimism that strong corporate earnings are signaling a sustainable economic recovery. The euro was steady despite concerns that Europe's stress tests were insufficient to ease concerns about the health of the region's financial system. Full Article

General News

Jul 23, 2010 BP Suspends Relief Well Drilling As Tropical Storm Bonnie Nears - Update BP Plc (BP, BP.L) Friday stated that its relief well activities at the MC252 oil spill site in the Gulf of Mexico will be temporarily suspended, ahead of the Tropical Storm Bonnie, which is projected to track into the Gulf of Mexico. The company had suspended the relief well activities last week for an integrity test and it remains shut-in at this time. The suspension of the activities was under the guidance and approval of the National Incident Commander or NIC Admiral Thad Allen and the leadership and direction of federal government, the company noted. Full Article

Political News

Jul 23, 2010 Obama Calls On Senate To Pass Small Business BillPresident Obama Friday called on the Senate to advance a bill aimed at boosting small businesses around the country. Obama categorized the bill as the latest in a series of steps his administration is taking to stimulate the economy and promote hiring, and one he said he hopes receives final Senate approval in the coming days. "Our goal is to make sure the people who are looking for a job can find a job," he said. Full Article

Mining Interactive : Oil Stocks Undervalued by Adam Hamilton


Dear Friends:
Adam Hamilton has posted his weekly Zeal Intelligence Newsletter on the Mining Interactive Website. Click here:
Have a great weekend and - - - Stay Tuned!!

Regards,
Nick L. Nicolaas
Nick L. Nicolaas
President & CEO
Mining Interactive Corp.
www.mininginteractive.com

Direct 24/7: +1 (604) 657-4058
Main Office: +1 (604) 569-0800
Fax: +1 (604) 569-0758
Skype: nicknicolaas
nick@mininginteractive.com

Vancouver Stock Exchange Building (1929)
Suite 818 - 475 Howe Street
Vancouver, BC, Canada V6C 2B3

MarketWatch : Weekly Roundup.-top 10 stories for July 19 - 23

MarketWatch
Weekly Roundup
JULY 23, 2010

MarketWatch top 10 stories for July 19 - 23


By MarketWatch



NEW YORK (MarketWatch) -- U.S. stocks ended the week higher after a summer week with more than its share of news.

Corporate earnings reports, newly signed financial regulation, comments from Fed Chairman Ben Bernanke and results form European stress tests all gave investors a lot to digest. On Friday, the Dow Jones Industrial Average (DJIA) closed up more than 100 points, and for the week the blue-chip barometer added 3%.

The S&P 500 Index (SPX) climbed above the psychologically significant 1,100 level for the first time this month. The S&P was led by its industrial sector, which was boosted by a 3.8% jump in General Electric Co. (GE) after the conglomerate raised its quarterly dividend by 20%. The move represented GE's first dividend increase since its historic slashing more than a year ago.

Also, please be sure to watch our Week Ahead videos for Asia, Europe and the United States.

Greg Morcroft, assistant managing editor

 Asia's Week Ahead: Raft of earnings results

 Europe's Week Ahead: BP and Shell report

Obama signs sweeping bank-reform bill into law

President Barack Obama on Wednesday signed into law the most historic shakeup of the regulation of U.S. banks since the Great Depression, placing new fees and limits on the nation's biggest banks; imposing new restrictions on the $450 trillion derivatives market; and crafting a major new consumer-protection division for mortgage and credit-card products. Read more about new legislation at MarketWatch.

Seven European banks fail stress tests

Seven out of 91 European banks failed the region's long-awaited stress tests and may need to raise more than 3.5 billion euros ($4.5 billion) of additional capital, the Committee of European Banking Supervisors said Friday. Five of the banks that failed were in Spain, with Germany's Hypo Real Estate and Greece's ATEBank also unable to maintain a Tier 1 capital ratio of more than 6% under the most severe scenario tested. All the other German lenders including the troubled landesbanks passed the test, along with all of Europe's big listed banks. Read more MarketWatch coverage of European stress tests.

GE raises dividend, expects to resume share buybacks

General Electric raised its dividend and restarted a $15 billion share-buyback program Friday as the conglomerate cited progress in its effort to recover from the financial crisis. The board of Fairfield, Conn.-based GE approved a 20% increase in the quarterly dividend, to 12 cents a share from 10 cents a share. Buybacks under the program were suspended on Sept. 25, 2008, shortly after Lehman Brothers collapsed in the largest bankruptcy in U.S. history. Read about GE dividend boost and buyback plan at MarketWatch.com.

Amazon shares fall after earnings disappoint

Shares of Amazon.com Inc. (AMZN) slipped Friday, a day after the firm posted second-quarter earnings that missed Wall Street's estimates as it reported higher infrastructure and marketing spending. The stock already had fallen by 20% since the company's last earnings report in April, which also gave rise to concerns about increased spending. Even at its current levels, Amazon still trades at more than 35 times estimated earnings for the next four quarters -- a valuation that makes several brokers nervous on the stock. See MarketWatch's full coverage of Amazon earnings.
Fed prepared to ease if economy weakens: Bernanke

Federal Reserve Board Chairman Ben Bernanke stressed Thursday that the central bank was "ready" to take further steps to stimulate the U.S. economy if growth turns out to be weaker than expected. On Wednesday, Bernanke said that the outlook for the U.S. economy is "unusually uncertain," and that the Fed is willing to do more if growth proves to be weaker than forecast. Read about Bernanke's testimony on Capitol Hill this week.

Goldman quarterly profit hit by SEC fine, U.K. tax

Goldman Sachs Group Inc. (GS) posted second-quarter earnings of 78 cents a share on Tuesday, taking a hit from the Securities and Exchange Commission settlement and U.K. payroll tax. Absent the U.K. tax and U.S. settlement costs, the company would have earned $2.75 a share, compared with the $2.70 a share consensus estimate of analysts polled by FactSet Research. The latest quarter's net income included a $600 million charge related to the U.K. bank payroll tax and the $550 million to be paid to the SEC in a civil-fraud settlement. See MarketWatch coverage of Goldman's results.

Help is on the way for unemployed homeowners

More help is on the way for unemployed homeowners struggling to make their mortgage payments, thanks to funding tucked into the financial-reform legislation signed by the president on Wednesday. Although the Housing and Urban Development Department hasn't released the details of exactly how the $1 billion emergency homeowners' relief fund will be distributed, legislation dictates that the program start by Oct. 1. Read full story on MarketWatch.
Long-term jobless workers are set to reclaim unemployment insurance

Long-term jobless workers are set to reclaim unemployment-insurance benefits that were lost in recent weeks, following action in Congress on Thursday. Lawmakers in the House of Representatives Thursday afternoon voted 272 to 152 to approve legislation to retroactively pay for some extended federal unemployment-insurance benefits through the end of November at a cost of about $34 billion. Read MarketWatch story about reinstatement of jobless benefits.

Pricing your home to sell in today's market

With no federal tax credit to entice buyers, today's home sellers have to get even more serious about making a deal. That means pricing aggressively -- low enough to compete with foreclosures in some markets. It's a conversation that stings, said Summer Greene, a real-estate agent for a Better Homes and Gardens Real Estate brokerage office in Fort Lauderdale, Fla. "It's like telling them that their children are ugly," she added. Read MarketWatch's tips for pricing a house to sell in a difficult market.

Apple earnings jump on strong iPhone, iPad sales

Apple Inc. (AAPL) reported a big surge in earnings for its third fiscal quarter on Tuesday, blowing past Wall Street's estimates thanks in large part to booming demand for the company's iPhone and iPad devices. "The numbers are spectacular," said Shaw Wu of Kaufman Brothers in an email. "They were able to post very strong results despite an inventory drawdown on the iPhone 4 -- looks like they managed the iPhone 3GS to 4 transition smoother than expected." Read MarketWatch coverage of Apple's earnings report

MarketWatch: Personal Finance Daily.July 23rd., 2010

MarketWatch

Personal Finance Daily
JULY 23, 2010

Friday's Personal Finance stories

By MarketWatch



Don't miss these top stories:
Death is the one certainty. Is that why most of us tend to ignore it as long as we're able, spending our days, instead, nailing down the endless uncertainties life brings?

I wholeheartedly subscribe to the idea of living life to the fullest while you can. Carpe diem! But as Chuck Jaffe so eloquently writes in his column today about his brother -- who died recently, just 47 days after being diagnosed with a fatal disease -- when death does stare you down, you don't want to be worrying about the will you never wrote, or how your wife is going to send the kids to college.

You want, as much as possible, to have those money plans in place, so those last days are spent not scrambling to draw up paperwork, but living your life, and loving your family.

Read Jaffe's story today for more on this story that his brother asked him to write, about the important lesson of creating a financial plan before it's needed.

There really is no time like the present.

-- Andrea Coombes , Personal Finance editor

A brother's death brings money lessons to life

Two years ago, my sister-in-law Eileen went kicking and screaming to meet with lawyers and do some estate planning. There were plans to be made, trusts to be drawn, documents to be written, all focused on some unimaginable, unforeseeable time when she or her husband might be sick, or worse.
See story on a brother's death bringing money lessons to life.


HEALTH CARE

Sitting too long raises risk of early death from all causes, study finds

Attention, desk jockeys and couch potatoes. Going to the gym can be good exercise, but it may not be enough to counteract a rising public-health threat: sitting in one place for too long.
See Kristen Gerencher's Health Matters Blog.


SAVING & SPENDING

Credit-card law brings relief -- and new headaches

Credit-card holders mostly benefited from the landmark Credit Card Accountability, Responsibility and Disclosure Act that first went into effect a year ago, but troubling trends are emerging that could mean higher costs for consumers.
See story on credit-card law bringing relief - and new headaches.


New laws that may affect your wallet -- and your taxes

Within the last 30 days, President Obama has signed three significant pieces of legislation that affect your taxes and finances.
See TaxWatch.


INVESTING

Bullion buyers bank on gold coins

Apart from a New York City phone book listing, gold dealer Manfra, Tordella & Brookes, Inc. does no advertising. Lights are on all day because the shop sits in a basement.
See story on bullion buyers banking on gold coins.


Hype and hope for small-cap Chinese stocks

Bulletin-board traded Chinese companies promise rapid growth, and may even have a shot at listing on major U.S. exchanges. Still, you'll want to do some homework on the opportunities and risks before investing. Jonathan Burton reports.
 Watch video on hype and hope for small-cap Chinese stocks.


Find a safe harbor in foreign stock ETFs

Foreign-stock ETFs respond well when their markets are strong and their currency is strengthening against the U.S. dollar. That's the famous "double whammy" jackpot for U.S. investors: stock market growth and currency profits.
See story on finding a safe harbor in foreign stock ETFs.


Market timers remain subdued about stocks

The stock market had its best day in more than two weeks on Thursday, with the Dow gaining more than 200 points.
See story on market timers remain subdued about stocks.


REAL ESTATE

Keep your home-equity line of credit from freezing

Question: I have a shrunken home-equity line of credit with a big bank on the property in which I reside. What is the best strategy, if any, to minimize the possibility that the HELOC will be frozen or closed?
See Realty Q&A.


THE GULF OIL SPILL

BP suspends relief-well activities over weather concerns

BP PLC said Friday it's suspending efforts to kill the blown-out Macondo well in the Gulf of Mexico ahead of the approach of a tropical storm, after U.S. officials said they remain confident that a containment cap will be able to continue plugging the leak.
See story on BP suspending relief-well activities over weather concerns.


ECONOMY & POLITICS

Commentary: Feinberg's plan comes too late

Pay czar Kenneth Feinberg used his well-known eye for fairness in blasting Wall Street for handing out excessive bonuses in the midst of the financial crisis, then took the only step he could.
See MarketWatch First Take on Feinberg.


Stress-test smack-down: U.S. versus Europe

As the results of Europe's much-awaited bank stress test emerged Friday, some analysts grumbled that it wasn't tough enough.
See story on stress-test smackdown: U.S. versus Europe.


White House sees lower budget deficit in 2010

Reduced government spending will cut the U.S. budget deficit to $1.47 trillion in 2010, the White House said Friday, revising its February estimate downwards by $84 billion.
See story on White House sees lower budget deficit in 2010.


Virginia rematch pits businessman against incumbent

It's competitive, it's wealthy, it's diverse -- and it's headed for a rematch in a tough election year for Democrats.
See story on Virginia rematch pits businessman against incumbent.


PERSONAL TECH

Some see theme in Apple white iPhone 4 delay

Apple Inc. users may have shrugged off another push-back in the release of white iPhone 4s, but some of them say the delay adds to a string of recent issues that call the company's priorities into question.
See story on some see theme in Apple white iPhone 4 delay.

CNBC : Evening Brief : Foreclosure Crisis Up Close and In Person. July 23r., 2010



LATEST STORIES


»click here to see the latest top stories from CNBC.com


LATEST VIDEO

  • CNBC.com Market Outlook
    A look at the week's top business news stories, which stocks the pros are recommending and what you should watch for next week, with CNBC's Courtney Reagan.
    » Watch Video
Stressful Enough or Not?
Giovanni Carosio, Committee of European Banking Supervisors; Vitor Constancio, European Central Bank; and CNBC's Simon Hobbs.
» Watch Video 

Pay Czar on Overpayments
Pay czar Ken Feinberg saying 17 bailed out banks overpaid executives by $1.6 billion, with CNBC's Mary Thompson.
» Watch Video
 

FGC BOLSA - FGC FINANCIAL MARKETS : U.S. Financial Markets at Close


U.S. FINANCIAL MARKETS AT CLOSE





Market Snapshot
Index Last Change %Change  
DJIA 10,424.17 +101.87 0.99% Hilighted
Nasdaq 2,269.47 +23.58 1.05%  
S&P 500 1,100.11 +6.44 0.59%  
FOX 50 798.12 +5.77 0.73%  
DIJA Chart
 










Market-Watch: Industry - Financial Services Alerts:July 23rd., 2010






INDUSTRY- FINANCIAL SERVICES


White House sees lower budget deficit in 2010
 
By Robert Schroeder MarketWatch
7/23/2010 3:16:00 PM



Reduced government spending will cut the U.S. budget deficit to $1.47 trillion in 2010, the White House says, revising its February estimate downwards by $84 billion. 


 
By Claudia Assis MarketWatch
7/23/2010 3:09:00 PM



Bullion coin investing has soared alongside the popularity of gold despite its disadvantages. The world’s thirst for gold coins has risen more than sovereign government mints can quench it, with demand on track this year to outpace 2009, itself a record. 


 
By Greg Robb MarketWatch
7/23/2010 2:44:00 PM



On July 23, a MarketWatch report on a press conference held by Kenneth Feinberg, the special master for TARP Executive Compensation, incorrectly reported a quote. Feinberg said he thought it would not be fair to declare that the bonus payments were contrary to the public interest. Read the corrected story. 


 
By MarketWatch
7/23/2010 2:36:00 PM



The World Cup final was good preparation for U.S. markets in the immediate aftermath of the European bank stress-test results, writes Laura Mandaro. 





The Washington Post News Alert: Washington fires 241 teachers for poor performance. July 23rd., 2010





The Washington Post


News Alert: Washington fires 241 teachers for poor performance
11:02 AM EDT Friday, July 23, 2010
--------------------

D.C. Schools Chancellor Michelle A. Rhee has fired 241 city teachers for poor classroom performance. The dismissals are the first under a rigorous new evaluation system launched this year.

For more information, visit washingtonpost.com:
http://link.email.washingtonpost.com/r/HXJVEI/2687A1/P14Y4W/ARJO4R/J1ZC9/9A/t

Real Clear Politics . July 23rd., 2010



Real Clear Politics Friday

Washington & Wall Street: Too Big to Trust - William Isaac, Forbes
Our Frightening Intelligence Bureaucracy - Fred Kaplan, Slate
A Primer on the 2010 House Midterm - Jay Cost, RealClearPolitics
Addicted to Bush: GOP Wants His Policies Back - Paul Krugman, NY Times
'Above the Law' Charlie May Be Losing His Rep - Charles Hurt, NY Post
Diversity and the Myth of White Privilege - Sen. James Webb, WSJ
Lessons From the Shirley Sherrod Saga - Walter Shapiro, Politics Daily
On Journolist and Intellectual Corruption - Tucker Carlson, Daily Caller
No Regrets Over Being Part of Journolist - Joe Klein, Time
Waning Faith in Activist Government - Ron Brownstein, National Journal
Beware the Lame Duck Congress - Charles Krauthammer, Washington Post
Making Preventive Care Attainable - Kathleen Sebelius, Cleveland PD
Stimulate No More - Jean-Claude Trichet, Financial Times
It's a Fiscal Problem, Not a Fed Problem - Larry Kudlow, RealClearMarkets
An Agenda to Spur Economic Growth - William Galston, Brookings
The Moral Naturalists - David Brooks, New York Times
Uneasy Feelings Along Gulf Coast - Judy Keen, USA Today
Election 2010: NV Sen: Angle Launches New Ad | The D-Trip's Plan

Editorials

Rangel's Reckoning - New York Post
The Perils of Gotcha Video - Boston Globe
The Public Deserves a Hearing for Medicare Appointee - Washington Post
Health Care Lies - Las Vegas Review-Journal

RTTNews: Daily Market Analysis.Traders Look Ahead To Bank Stress Test Results. July 203rd., 2010

Daily Market Analysis  
Jul 23, 2010 Traders Look Ahead To Bank Stress Test Results - RTTNews Daily Market Analysis The major U.S. index futures are pointing to a higher opening on Friday, as markets attempt to sustain the buying momentum built back on the back of earnings. That said, traders may express apprehension over the results of stress tests done on European banks due out later in the day. If the results reveal no major casualties, the markets may close the week on a buoyant note, although profit taking may not be ruled out following yesterday's advance. Full Article

RTTNews: Morning Market Briefing.- Fed's Dudley Says U.S. Recovery Slowing Down. July 23rd., 2010

Morning Market Briefing Fri Jul 23 09:01 2010 

Economic News

Jul 23, 2010 Fed's Dudley Says U.S. Recovery Slowing DownFederal Reserve Bank of New York President William Dudley said the U.S. recovery is likely to slow down this quarter, although a double-dip recession is unlikely. Full Article
Jul 23, 2010 Europe Awaits Bank Stress Test ResultsEurope faces another key test of confidence from financial markets on Friday night, when the verdict of banking stress tests are released by the Commission of European Banking Supervisors. Full Article
Jul 23, 2010 U.K. GDP Growth Accelerates More Than Expected In Q2 The British economy expanded at its fastest pace in four years and at almost double the expected rate in the second quarter of this year. Full Article
Jul 23, 2010 German Business Sentiment Jumps To Three-Year HighGerman business climate brightened the most since the reunification, defying economists' expectations for a decline and adding to the series of good news for the biggest Eurozone economy. Full Article
Jul 23, 2010 Surprise Fall In French Consumer SpendingFrench consumers decreased their spending in June, a revelation which does not bode well for the country's economic recovery, figures showed Friday. Full Article

Earnings News

Jul 23, 2010 Schlumberger Q2 profit up 33%Friday, Schlumberger Ltd. (SLB) reported a 33.4% rise in profit for the second quarter, as good drilling activity on land offset the impact of a ban on deepwater exploration in the Gulf of Mexico. Revenue for the period grew 7.4% year-over-year. The company said it expects activity in the second half of the year to be slow. Full Article
Jul 23, 2010 Honeywell International Q2 profit rises 4%, beats Street; lifts FY10 EPS viewFriday, Honeywell International Inc. (HON) reported a 4% rise in profit for the second quarter, reflecting a 7.8% growth in revenue. However, earnings per share was flat with last year, and came in above the Street view, as did revenue. The company noted improvement in its Automation and Control Solutions, Transportation Systems, and Specialty Materials businesses. Looking ahead, Honeywell boosted its full-year earnings outlook. Full Article
Jul 23, 2010 Ford Q2 profit rises, beats StreetFriday, Ford Motor Co. (F) reported a 15% rise in profit for the second quarter, on increased number of vehicles sold, and higher prices, as well as new model launches. Adjusted earnings came in above the Street view. Sales for the period grew 16.8% year-over-year. Looking ahead, the company said it expects profit in the second half of the year, although less profitable than in the first half, and sees more stronger results in 2011. Full Article
Jul 23, 2010 Verizon Communications slips to Q2 profit on hefty severance charge, yet adj. EPS beats StreetFriday, Verizon Communications Inc. (VZ) posted a second-quarter loss, as the company took hefty severance-related costs. However, adjusted earnings came two cents above the estimate of analysts. Revenue for the quarter dipped 0.34% from the past year, and fell short of expectations. Full Article
Jul 23, 2010 McDonald Q2 profit rises 12%, beats estimateFriday, McDonald's Corp. (MCD) reported a 12.1% rise in second-quarter profit, as total revenue grew 5.3% from the previous year. Comparable store sales improved worldwide, resulting in overall same store sales growth of 4.8%. Both earnings and revenue managed to surpass the Street view. Full Article
Jul 23, 2010 Kimberly-Clark Q2 profit rises 24%, beats estimate, cuts FY10 sales viewFriday, Kimberly-Clark Corp. (KMB) posted a 23.6% rise in its second-quarter profit, as sales grew over 2%. Earnings came in above the street view, while revenue fell short of estimates. For the full year, the company now sees earnings to fall near the lower end of its earlier outlook range. Kimberly-Clark also trimmed sales guidance for 2010. Full Article
Jul 23, 2010 Johnson Controls Q3 profit up 150%; yet adj. EPS misses estimate; lifts FY10 viewFriday, Johnson Controls Inc. (JCI) posted a 150% jump in profit for the third quarter, reflecting a 22% growth in sales. However, adjusted earnings came a penny below the Street view, though revenue surpassed expectations. In addition, the company lifted its fiscal 2010 profit and revenue guidance, which is still below the current estimate of analysts. Johnson Controls also announced that it agreed to buy 90% of its existing joint venture with Delkor. Full Article
Jul 23, 2010 Microsoft Q4 profit advances 48%Thursday, Microsoft Corp. (MSFT) reported a 48% rise in fourth-quarter profit, boosted by strong sales of Windows 7 operating system as well as its Office 2010 software package. Revenue for the period grew 22% and came in above the Street view, as performance improved in all five of the company's business segments. Full Article
Jul 23, 2010 Amazon.com Q2 profit up 45%, yet misses StreetThursday, Amazon.com Inc. (AMZN) said profit for the second quarter climbed 45%, chiefly on higher sales of electronics and other general merchandise. However, earnings per share fell short of the Street view, while revenues, which grew 41% year-over-year, edged past expectations. Looking ahead, the company guided revenue for the third quarter to come in line with the current estimate of analysts. Full Article
Jul 23, 2010 American Express Q2 profit trebles, tops estimateThursday, American Express Co. (AXP) said its second quarter profit leaped three-folds on higher spending by credit card holders, and much lower provision for credit losses. Both earnings and revenues, which grew 13% from the past year, came in above the Street view. Full Article
Jul 23, 2010 Wipro Q1 profit up 31%Friday, Wipro Ltd. (WIT) posted a 31% rise in first-quarter profit, as revenue went up 16% year-over-year on stronger demand. Looking ahead, the company said its sees IT Services revenue in the second quarter to climb at least 4% sequentially. Full Article
Jul 23, 2010 Mosaic Co. Q4 profit up 170%, beats StreetThursday, Mosaic Co.'s (MOS) fourth-quarter profit zoomed about 170%, helped by strong demand for potash and phosphate-based crop nutrients, as well as improved margins. Revenue for the period grew 17% year-over-year. Both earnings and revenue came in above the Street view. Gross margins expanded significantly to 37% from 13% in the past year. Full Article
Jul 23, 2010 Capital One Financial turns to profit in Q2Thursday, Capital One Financial Corp. (COF) reported a profit for the second quarter, compared to loss last year, reflecting a 59% rise in net interest income and lower provision for bad debts. However, topline growth for the quarter was inhibited by a 34.5% drop in non-interest income. Full Article
Jul 23, 2010 Chubb Q2 profit slides 6%, yet beats estimate; backs FY10 earnings viewThursday, The Chubb Corp. (CB) said its second-quarter profit declined 6% from the previous year, mainly because of higher inclement weather-related claims. Operating income slid 13.7%, but surpassed the Street view by a penny. Premiums earned for the quarter edged down 1% year-over-year. The company noted that the combined ratio for the period swelled to 90.4% from 85.9% in 2009. Looking ahead to the full year, the company maintained its earnings outlook. Full Article
Jul 23, 2010 Ericsson Q2 Profit rises on lower charges, margin improvementsFriday, LM Ericsson Telephone Co. (ERIC) reported 154% jump in its second-quarter profit, helped by lower restructuring charges, improved margins, as well as better performance by the Sony-Ericsson joint venture. Sales dipped 8% due to shortage of industry component and supply chain inefficiencies. Gross margin expanded to 37% from 33.8% in the past year. Full Article
Jul 23, 2010 SanDisk Q2 profit soars; CEO to step down by year-endThursday, SanDisk Corp.(SNDK) said its second-quarter profit increased almost five-folds, as revenue climbed 61% and margins improved sharply. Both earnings and revenue came in above the Street view. Gross margin expanded to 46.3% from 34.1% a year earlier. In addition, the company announced that its Founder, Chairman and Chief Executive Officer, Eli Harari, will retire from his current positions on December 31. Co-founder and acting Chief Operating Officer Sanjay Mehrotra will take over the helm on January 1. Full Article

Corporate News

Jul 23, 2010 Dell to pay $100 mln to settle SEC ChargesThursday, Dell Inc. (DELL) agreed to pay $100 million to settle civil charges by the U.S. Securities and Exchange Commission for resorting to fraudulent accounting practices and accepting payments from Intel Corp. (INTC) to make its profits appear to meet Wall Street estimates. Full Article

Broker Ratings Changes

Jul 23, 2010 FBR Capital Markets Lowers SunTrust Banks Inc. (STI) To Market Perform From Outperform With $27 down from $34 Price Target

Todays WS Events

Jul 23, 2010 Honeywell Q2 10 Earnings Conference Call At 8:00 AM ET Honeywell International Inc. (HON) will host a conference call at 8:00 AM ET July 23, 2010, to discuss its Q2 10 financial results. To access the webcast, log on at www.honeywell.com/investor The call can also be accessed by dialing (719) 457-2657. For replay of the call, dial (719) 457-0820 with access code 3243337.
Jul 23, 2010 Verizon Communications Q2 10 Earnings Conference Call At 8:30 AM ET Verizon Communications Inc. (VZ) will host a conference call at 8:30 AM ET July 23, 2010, to discuss its Q2 10 financial results. To access the live webcast, log on at www.verizonwireless.com/investors
Jul 23, 2010 Ford Motor Q2 10 Earnings Conference Call At 9:00 AM ET Ford Motor Company (F) will host a conference call at 9:00 AM, ET, to discuss Q2 10 earnings results, on July 23, 2010. To access the live webcast, log on at www.shareholder.ford.com To hear the live call, dial 866-515-2909 (US) or +1 617-399-5123 (International) with passcode Ford Earnings. A replay of the call can be heard by dialing 888-286-8010 (US) or +1 617-801-6888 (International) with passcode 37739096.
Jul 23, 2010 Schlumberger Q2 10 Earnings Conference Call At 9:00 AM ET Schlumberger Ltd. (SLB) will host a conference call at 9:00 AM ET, July 23, 2010, to discuss its Q2 10 earnings results. To access the live webcast, log on at www.slb.com/irwebcast To hear the live call, dial +1-800-230-1096 (US) or 1-612-332-0107 (International) and ask for the "Schlumberger Earnings Conference Call." A replay of the call can be heard by dialing +1-800-475-6701 (US) or +1-320-365-3844 (International) with access code 157440.
Jul 23, 2010 Johnson Controls Q3 10 Earnings Conference Call At 11:00 AM ET Johnson Controls Inc. (JCI) will host a conference call at 11:00 AM ET, July 23, 2010, to discuss its Q3 10 earnings results. To access the live webcast, log on at http://phx.corporate-ir.net/phoenix.zhtml?p=irol-eventDetails&c=96304&eventID=3196766