Хронология

May 17 (Reuters) - Residential Capital LLC :
* Moodys downgrades gmacs servicer quality ratings, maintains review for

NEW YORK, May 17 (Reuters) - Moody's Investor Service
carried out a sweeping downgrade of 16 Spanish banks on
Thursday, including Banco Santander, the euro zone's
largest bank, citing a weak economy...

BREAKING

More on Intuit (INTU): FQ3 come in mixed, beating on its EPS but missing on revenue. Net profit rose 6.7% as the company's tax-preparation business posted better revenue during its most critical quarter. The company narrows its FY12 guidance, now expecting $2.92 - $2.97 per share on revenue of $4.2B. Its previous view was for an EPS of $2.90 - $2.97 on revenue between $4.19B - $4.29B. Shares -0.8% AH. Post your comment!

Рост промышленности РФ оказался в апреле 2012 года хуже самых пессимистичных прогнозов при сокращении производства электроэнергии, сдержанных показателях ряда секторов обрабатывающей и экспортной отраслей из-за ожиданий слабого внешнего спроса и отсутствия ощутимого притока инвестиций на фоне достижения докризисного уровня загрузки мощностей.

Рост промышленного производства в РФ замедлился в апреле 2012 года до 1,3 процента в годовом выражении с 2,0 процентов в марте 2012 года и 4,5 процента за аналогичный период 2011 года, сообщил Росстат в четверг.

Аналитики, опрошенные Рейтер, ожидали роста промпроизводства в прошедшем месяце в среднем на 3,5 процента, диапазон оценок составил 1,9-4,5 процента.

Выпуск в промышленности с исключением сезонного и календарного факторов увеличился на 0,1 процента в апреле по сравнению с мартом.

«В целом замедление годовых темпов роста промышленности обусловлено сокращением производства электроэнергии, темпы роста которого на фоне более теплой погоды снизились в годовом выражении в отрицательную область. Напротив, остальные отрасли показали незначительное ускорение. Обрабатывающая промышленность выросла с учетом коррекции на сезонность на 0,5 процента», - считает экономист Росбанка Владимир Цибанов.

Производство в электроэнергетике в апреле снизилось на 0,6 процента ввиду сокращения спроса.

Подробнее 

A contrarian buy indicator? The AAII's latest investor sentiment survey shows bullish sentiment falling to a mere 23.6% (down 180 bps) for the week ending 5/16. Bearish sentiment is nearly twice that at 46% (up 390 bps), and Neutral sentiment is at 30.4% (down 210 bps). (previous) 4 comments!

Kirkland’s Inc. (KIRK) is scheduled to report its first quarter 2012 financial results before the opening bell on Friday, May 18, 2012.

The current Zacks Consensus Estimate for the quarter is pegged at 10 cents a share. The Zacks Consensus Estimate projects revenues of $99 million for the quarter.

Fourth Quarter 2011 Recap

Kirkland’s, which faces stiff competition from The TJX Companies Inc. (TJX) and Ross Stores Inc. (ROST), posted earnings of 72 cents a share in 4Q11, which missed the Zacks Consensus Estimate of 74 cents per share. Earnings were ahead of the prior-year quarter’s earnings of 66 cents.

For fiscal 2011, Kirkland’s earnings of 91 cents per share slipped 27.2% from the year-ago earnings.

Net sales went up 6.8% year over year to $149.1 million from $139.6 million in the year-ago quarter.

On a year-over-year basis, gross profit expanded 8.5% to $64.1 million. Kirkland posted operating income of $24.1 million, as against operating income of $22.2 million in the year-ago quarter.

Agreement of Estimate Revisions

Подробнее 

Kirkland’s Inc. (KIRK) is scheduled to report its first quarter 2012 financial results before the opening bell on Friday, May 18, 2012.

The current Zacks Consensus Estimate for the quarter is pegged at 10 cents a share. The Zacks Consensus Estimate projects revenues of $99 million for the quarter.

Fourth Quarter 2011 Recap

Kirkland’s, which faces stiff competition from The TJX Companies Inc. (TJX) and Ross Stores Inc. (ROST), posted earnings of 72 cents a share in 4Q11, which missed the Zacks Consensus Estimate of 74 cents per share. Earnings were ahead of the prior-year quarter’s earnings of 66 cents.

For fiscal 2011, Kirkland’s earnings of 91 cents per share slipped 27.2% from the year-ago earnings.

Net sales went up 6.8% year over year to $149.1 million from $139.6 million in the year-ago quarter.

On a year-over-year basis, gross profit expanded 8.5% to $64.1 million. Kirkland posted operating income of $24.1 million, as against operating income of $22.2 million in the year-ago quarter.

Agreement of Estimate Revisions

Подробнее 

* US greenlights investment by energy, mining, banking firms

* US greenlights investment by energy, mining, banking firms

Talk of bank runs in Europe reached a brand new pitch today, with headlines about deposit flight from the periphery all over the place.

Some of the talk might be overblown. After all, Greece has been bleeding deposits for years. And the Spanish bank Bankia -- which was at one point down 20% -- denied that there was anything unusual going on in that department.

But the thing about bank runs is that headlines can become reality.

Europe is now in a weird position where the next big scheduled "event" isn't until June 17, when Greece has its revote to form its next election.

At the rate things are going, June 17 is a long way away. It's hard to see the status quo continuing until then with markets melting at the rate they're going.

Just sayin'.

Подробнее 

By Spencer Osborne:

Earlier in the week I wrote a technical analysis piece titled "Is $1.83 The Next Step For Sirius XM?" As it happens, Sirius XM (SIRI) closed at exactly $1.83 today, testing that level of support and even breaking it briefly. With that news now in hand, it is time to consider the possibilities of what will happen next.

The first thing I would like to touch on is the volume. Sirius XM went down to $1.83 on huge volume of over 170 million shares traded vs. an average volume of 60 million. In my opinion, a lot of this volume may be attributable to Liberty Media (LMCA) and its quest for control of the satellite radio provider. As of this writing, no new SEC forms have been filed by Liberty Media, but we could see some activity on May 18.

With a stock price of $1.83 now in the books,

Complete Story »

May 17 (Reuters) - Residential Capital LLC :
* Moodys downgrades gmac-rfcs master servicer sq rating, maintains review for

LOS ANGELES (MarketWatch) -- Chile's central bank late Thursday held the country's key rate steady at 5%, meeting the expectations of analysts polled by Dow Jones Newswires. The rate has been at that level since January. Analysts expected the rate to remain unchanged as Chilean policy makers monitored Europe's debt crisis and its impact on domestic and global growth, as well as developments on local inflation. In a statement, Banco Central de Chile said economic activity and demand are evolving as forecast in its last monetary policy report. Year-over-year consumer price inflation "with volatility, is in the upper level of the tolerance range," while core inflation measures are around 3%. Chile's inflation target is 3%, plus or minus 1 percentage point. The bank also said euro-zone figures "confirm its weak growth," and U.S. economic indicators have been mixed in the past month.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

May 17 (Reuters) - Suzano Papel e Celulose SA :
* Moodys comments suzanos equity offering is credit positive, with no

Marvell (MRVL) guides on its FQ1 earnings call (webcast) for 6%-12% Q/Q sales growth. That translates into a range of $843.8M-$891.5M, which compares favorably with an $854.1M consensus. MRVL 4.1% AH. Post your comment!

Universal Display Corporation (PANL)

JPMorgan TMT Conference Call

May 17, 2012 13:10 ET

Executives

Sid Rosenblatt – Chief Financial Officer

Analysts

Rod Hall – JPMorgan

Presentation

Rod Hall – JPMorgan

Okay, I think we are going to get started. My name is Rod Hall. I’m with JPMorgan. I am our communications equipment analyst. I have also become our glass analyst, it turns out covering Corning. And so we are very interested in what’s going on in the OLED world and we’ve got the pleasure of having Sid Rosenblatt here with us from Universal Display Corporation. UDC is one of the leaders in OLED technology. It has been for quite a while. So, we are very pleased to have you here with us very interested in what you've got to say. And with that I’m going to kick off with some Q&A and then we are going to open up to

Complete Story »

Chile's central bank late Thursday held the country's key rate steady at 5%, meeting the expectations of analysts polled by Dow Jones Newswires. The rate has been at that level since January. Analysts expected the rate to remain unchanged as Chilean policy makers monitored Europe's debt crisis and its impact on domestic and global growth, as well as developments on local inflation. In a statement, Banco Central de Chile said economic activity and demand are evolving as forecast in its last monetary policy report. Year-over-year consumer price inflation "with volatility, is in the upper level of the tolerance range," while core inflation measures are around 3%. Chile's inflation target is 3%, plus or minus 1 percentage point. The bank also said euro-zone figures "confirm its weak growth," and U.S. economic indicators have been mixed in the past month.

Copyright © 2012 MarketWatch, Inc.

Международное рейтинговое агентство Moody's понизило рейтинги 16 банков Испании, в том числе таких гигантов, как Santander и BBVA, на фоне проблем банковского сектора страны, говорится в пресс-релизе агентства. Долгосрочный рейтинг Santander понижен на две ступени, BBVA - на три. Оба рейтинга находятся теперь на отметке «А3» с негативным прогнозом. Также понижены рейтинги дочернего банка Santander в Великобритании — Santander UK PLC. В целом агентство понизило долговые и депозитные рейтинги на одну ступень — пяти банкам, на две ступени — трем и на три — девяти кредитным организациям. Теперь рейтинги испанских банков находятся в диапазоне от «Ba3» до «A3», в среднем — на уровне от «Ваа2» до «Ваа3», что меньше среднего уровня рейтингов большинства банковских систем западной Европы, сообщает РИА «Новости».

Anticipation was strong for Facebook's initial public offering as the Nasdaq Stock Market indicated shares would start trading under the stock symbol FB around 11 a.m. EDT Friday.

WASHINGTON (AP) -- Cancer patient Kathy Watson voted Republican in 2008 and believes the government has no right telling Americans to get health insurance. Nonetheless, she says she'd be dead if it weren't for President Barack Obama's health care law....

Международное рейтинговое агентство Moody's понизило долгосрочный рейтинг платежеспособности 16 испанских банков, включая крупнейший Banco Santander S.A. Вместе с рейтингом платежеспособности был понижен и депозитарный рейтинг банков, отмечается в пресс-релизе агентства. Прогноз по рейтингам в большинстве случаев негативный.

* Biggest one-day gain for gold since Jan. 25
* Wheat up 3 pct on worries over Russian crop damage
* Brent oil down 2 pct to 2012 low; US copper barely up

By Barani Krishnan
NEW YORK, May 17 (Reuters) - Gold on Thursday posted its
biggest daily gain since January, recouping most of this week's
losses, and wheat extended its rally as buyers returned to some
commodity markets cheapened by worries over Europe and the world
economy.
But oil prices fell to a 2012 low in London

* Biggest one-day gain for gold since Jan. 25
* Wheat up 3 pct on worries over Russian crop damage
* Brent oil down 2 pct to 2012 low; US copper barely up

By Barani Krishnan
NEW YORK, May 17 (Reuters) - Gold on Thursday posted its
biggest daily gain since January, recouping most of this week's
losses, and wheat extended its rally as buyers returned to some
commodity markets cheapened by worries over Europe and the world
economy.
But oil prices fell to a 2012 low in London

More on Pacific Sunwear (PSUN): Q1 blows away estimates on fewer losses. Overall revenue was relatively flat, with same-store sales increasing only a paltry 1%, but gross margins jumped as the company posted strong sales late in the quarter. Shares 23% AH. Post your comment!

May 17 (Reuters) - Online jewelry retailer BIDZ.com Inc
said it will be taken private by Glendon Group Inc,
valuing the company at about $14.3 million.

May 17 (Reuters) - Online jewelry retailer BIDZ.com Inc
said it will be taken private by Glendon Group Inc,
valuing the company at about $14.3 million.

May 17 (Reuters) - Online jewelry retailer BIDZ.com Inc
said it will be taken private by Glendon Group Inc,
valuing the company at about $14.3 million.