News for February 3rd 2011

 

Egypt Not Iran 1979 as Mideast Financial Stability Buoys Markets

Trichet Fights to Curb Pay Pressures as Inflation Accelerates

Vodafone Says 2011 Operating Profit to Be at Top End of Analyst Estimates (VOD)

Akamai Evokes AOL-Time Warner at 30 Years of Earnings (AKAM)

ECB Seeks to Shed ‘Uncomfortable’ Bond-Buying Duty

US Treasury Urged to Sell Ultra Long Bonds

Santander Profit Hit by Spanish Property Market (STD)

Radian Q4 Loss Widens on Accounting Charge, Derivatives Loss (RDN)

Companies Stock Up as Commodities Prices Rise

Key Moment Looms for Euro

Euro-Zone Data Paint Mixed Picture

U.K. Service Sector Recovers

Spain Rules Out Need for EU Aid

Activist Funds Oppose Smurfit-Stone’s RockTenn Deal (RKT/SSCC)

S&P Says No Plans to Cut U.S. Rating in Medium-Term

Sanofi Could Announce Genzyme Deal Next Week: Report (GENZ)

Nomura Gaming Outlook 2011 (LVS/MGM/WYNN)

The Upside Story is Not Priced into Mastercard and Visa (MA/V)

Today's Upgrades and Downgrades

Rumour: Amazon Could Launch Unlimited Movie Streaming in February, No Major Studios on Board Yet (AMZN/NFLX)

ECB leaves benchmark interest rate unchanged at 1.00%

BJ's Wholesale Club confirms it is exploring a sale (BJ)

American Eagle Outfitters comps down 6% in Jan.; sees Q4 EPS at the high end of prior guidance (AEO)

Aeropostale comps up 1% in Jan.; raises Q4 EPS guidance from 94-96c to 96-97c, vs. cons. 95c (ARO)

AutoNation Q4 adj-EPS of 45c, beats by 9c, sales $3.2B, vs. cons. $3.09B (AN)

CVS Caremark Q4 adj-EPS of 80c, beats by 1c, sales $24.8B; sees FY11 EPS of $2.72-$2.82, vs. cons. $2.89 (CVS)

Diamond Offshore Q4 EPS of $1.74, vs. cons. $1.47, sales $840.9M, vs. cons. $844.2M (DO)

Dow Chemical Q4 EPS $0.37 ($0.47 excluding one-time items) vs. $0.35 cons, revs $13.77bn vs. $12.48bn (DOW)

Gap comps up 1% in Jan.; raises FY11 EPS guidance from $1.77-$1.82 to $1.85-$1.86, vs. cons. $1.82 (GPS)

Goodrich Q4 EPS cont ops $1.15, beats by 10c, sales $1.81B; raises FY11 EPS to $5.30-$5.45, vs. cons. $5.28, affirms sales guidance (GR)

Starwood Hotels EPS $0.52 vs $0.39 cons (HOT)

Mastercard Reports Q4 EPS of $3.16, beats by 12c, sales $1.44B, vs. cons. $1.42B (MA)

Merck & Co. reported Q4 EPS of $0.88, ex-items, $0.05 better.  Sees FY11 EPS of $3.64-$3.74, versus the consensus of $3.82 (MRK)

Viacom Q4 adj-EPS of $1.02, beats by 2c, on sales of $3.83B, vs. cons. $4.09B (VIA)

The CMA Sovereign Risk Monitor (CDS Values):

Posted in Breaking News