Stock Analysts

Parsing the Fed Statement for Answers (QQQ) (SPX) (TBT) (TLT)

The Federal Reserve just released its latest policy statement following a two-day meeting. Chairman Bernanke is holding a press conference to discuss the meeting and the future course of monetary policy. Below we present the current statement , along with the statement from the September 21st meeting , broken out paragraph by paragraph. […]

Stock Analysts

Forest Oil Falls Short, Volumes Shrink (FST) (LPR) (SM)

Denver-based Forest Oil Corporation ’s ( FST ) third quarter 2011 earnings from continuing operations of 25 cents per share (excluding non-recurring items) missed the Zacks Consensus Estimate by a penny. The quarterly earnings were well below the year-earlier numbers of 32 cents. The lackluster performance was mainly due to the lower natural gas price realization and net sales volumes, which were partially offset by the higher oil and natural gas liquids prices […]

Max Keiser

Max Keiser: ‘Greece run by financial terrorists"

[youtube Y2vsYdReMCg] Global stock markets have plunged over Greece’s shock announcement that it would hold a referendum on an EU bailout deal. The decision has raised fears that a rejection of the unpopular EU agreement will renew risks of a Greek default and might even force the country to leave the eurozone. […]

Stock Analysts

Marsh & McLennan Misses by a Whisker (AON) (MMC)

Marsh & McLennan Companies Inc. ( MMC ) reported its third quarter operating earnings of 23 cents per share came in a penny lower than the Zacks Consensus Estimate, while a penny higher than that reported in the year-ago quarter. Operating earnings, which exclude one-time items in both the periods, climbed to $127 million against $123 million. […]

Stock Analysts

Fiserv Tops Estimates (FIS) (FISV)

Fiserv Inc. ( FISV ) reported an adjusted income from continuing operations of $166 million or $1.16 per share in the third quarter of 2011 compared to a net income of $163 million (excluding items) or $1.13 per share in the second quarter of 2011 and a net income of $157 million o r $1.04 per share in the year-ago quarter. Earnings surpassed the Zacks Consensus Estimate of $1.14 […]

Stock Analysts

Edison Int’l Beats on EPS, Ups View (AES) (EIX)

Before the bell, Edison International ( EIX ) reported third quarter 2011 results. In the reported quarter, the company clocked pro forma earnings of $1.31 per share above the Zacks Consensus Estimate of 1.27 per share. However, earnings came in below the year-ago quarterly pro forma earnings of $1.46 per share […]

Stock Analysts

ADP Sees 110K Jobs Gained (ADP) (QQQ) (SPX) (TBT) (TLT)

The Automatic Data Processing ( ADP ) employment survey was stronger than expected in October. It shows that private sector employment rose by 110,000, above consensus expectations for a 100,000 increase. The September numbers were revised up to a gain of 116,000 jobs from the initial report of a 91,000 gain […]

Stock Analysts

Magellan Beats, Profit Grows (APL) (EPD) (MMP) (PAA)

Pipeline operator Magellan Midstream Partners, L.P. ( MMP ) announced strong third quarter 2011 results, aided by contributions from recently-completed acquisitions and expansion projects. The Tulsa, Oklahoma-based oil distributor reported earnings per unit (EPU) of 79 cents (excluding mark-to-market commodity-related pricing adjustments), surpassing the Zacks Consensus Estimate of 72 cents and the year-ago adjusted profit of 54 cents. […]