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Archive for December, 2010

Posted by MartZee December 16, 2010

Visa, MasterCard Plunge as Fed Issues Rules to Cut Debit Fees

Visa Inc. and MasterCard Inc. plunged more than 12 percent in New York trading after the Federal Reserve Board proposed rules that may slash debit-card interchange fees by 90 percent.

The new rules, posted today by the Fed on its website, may aid retailers and cut profit for lenders who reaped about $15 billion from such charges last year. Terms outlined by the Fed include a plan with caps of 12 cents per transaction. The fees currently average about 1 percent.

The result could be an 80 percent to 90 percent drop in the fees that Visa and MasterCard pass on to banks, according to Tien-tsin Huang, an analyst at JPMorgan Chase & Co. Jason Kupferberg, an analyst at UBS AG, said investors had been expecting a 40 percent to 60 percent reduction.

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Posted by MartZee December 16, 2010

What’s happening with ATU?

The entire morning today I was reading about Actuant Corporation which has improved earnings and sales, beat expectations but I was baffled why the stock slumped today by almost 6%. I couldn’t find why; what is behind such behavior.

Well, here is why:

Actuant Sees Second Quarter Earnings Below Estimates; but Raises 2011 Guidance

Actuant Corp. said it expects second quarter earnings of $0.25 to $0.30 per share on revenue of $325.0 million to $335.0 million. The current consensus earnings estimate is $0.31 per share on revenue of $302.6 million for the quarter ending February 28, 2011. The company also said it now expects 2011 earnings of $1.45 to $1.60 per share on revenue of $1.38 billion to $1.43 billion. The company’s previous guidance was earnings of $1.30 to $1.45 per share on revenue of $1.225 billion to $1.275 billion and the current consensus earnings estimate is $1.42 per share on revenue of $1.28 billion for the year ending August 31, 2011.

Source: Trading Markets.com.

However, I believe, Actuant still has a great outlook so I am holding my position for now.

Posted by Martin December 16, 2010

Actuant Reports Improved First Quarter Results; Increases Fiscal 2011 Guidance

MILWAUKEE–(BUSINESS WIRE)–Actuant Corporation ATU today announced results for its first quarter ended November 30, 2010.

Highlights

* 71% year-over-year increase in diluted earnings per share from continuing operations (“EPS”) to $0.36 (excluding prior year special items – see attached reconciliation of earnings.)
* Core revenue growth (total sales less the impact of acquisitions, divestitures and foreign currency rate changes) of 14%. All four segments reported core sales growth, including the Energy segment at 4%.
* Year-over-year operating profit margin expansion of 230 basis points, excluding prior year restructuring costs.
* Completed the previously announced Mastervolt acquisition after quarter-end, repositioning the Electrical segment to higher growth and product technology.
* Increased full year guidance to reflect strong Q1 results, favorable trends, a lower effective tax rate and the Mastervolt acquisition.

Robert C. Arzbaecher, Chairman and CEO of Actuant commented, “Actuant had a strong start to the fiscal year with double digit core revenue growth, solid operating margin expansion and EPS above our expectations. In particular, we were pleased to have all four segments contributing to the core sales growth with Energy at 4%, and robust 22% core growth at both Engineered Solutions and Industrial. We completed the acquisition of Mastervolt, deploying $150 million of capital on this attractive growth platform which repositions our Electrical segment’s growth, margin and innovation trajectory. I want to thank our employees for their continued hard work and dedication in creating a solid start to the year.”

Read the rest of the story.

Posted by MartZee December 16, 2010

10 Things You Need To Know Before The Opening Bell

Provided by Business Insider, Thursday, December 16, 2010:

Good morning. Here’s what you need to know:

Asian markets were mostly lower in overnight trading, with the Hang Seng down 1.33%. Major European indices are flat, and U.S. futures suggest a slightly positive open.

Housing starts data is released at 8:30 AM ET. It is expected to show continued weakness in the market, though a slight improvement over October’s number, rising to 0.550 million annualized starts.

Initial jobless claims data is released at 8:30 AM ET. It is expected to show a slight decline in claims over last week, to 420,000.

China has moved to stop some banks from supplying loans to businesses intending to invest them in real estate and other fixed assets. The move is another part of the country’s new tightening regime meant to slow inflation.

European leaders are meeting today to thrash out alterations to the EU’s Lisbon Treaty that would create set rules for bailouts. The rules will not include suggestions like eurobonds or further fiscal integration.

Spain held a somewhat disappointing, if successful, bond auction this morning selling €2.4 billion in debt. The average yield on bonds rose dramatically, however, to 5.446% on the 10-year from 4.615% in November.

BP shares fell in London trading in the wake of a U.S. government lawsuit against the company. It has also emerged that BP had a similar accident to the one in the Gulf of Mexico in Azerbaijan that ended safely.

Bank of America is working on settlement deals with many of its mortgage investors, including Pimco, the New York Fed, and BlackRock, that would see the company take back its loans. The bank has denied this is a change in policy.

Goldman Sachs is planning to launch a new, over $1 billion hedge fund in Hong Kong. The fund is to be run by Goldman’s highest paid trader, Morgan Sze.

Philadelphia Fed survey data is released at 10:00 AM ET. It is expected to show another positive number, this time 16, a drop from last month’s surge to 22.5.

Bonus: Kim Kardashian claims she plans to be single for the whole of 2011.

Source: Yahoo.com.

Posted by MartZee December 15, 2010

Actuant Corporation (ATU) reports Q1 2011 earnings

Actuant Corporation will release its earnings tomorrow morning (12/16/2010). A conference call will be held at 10:00 AM CST. Watch/listen it here.

Posted by MartZee December 15, 2010

Endologix Inc. (ELGX) added to portfolio

Another stock with a strong momentum has been spotted. Endologix Inc. shot on huge volume, four times the average volume. For four days this stock is making new 52-day highs. I decided to buy some shares and add this stock into my portfolio:

12/15/2010 Bought 150 ELGX @ 6.55

Posted by MartZee December 14, 2010

FBR Capital Reiterates an ‘Outperform/Top Pick’ on Actuant (ATU); F1Q11 Preview: Expect Upside Results and Upbeat Outlook

FBR Capital reiterates an ‘Outperform/Top Pick’ rating on Actuant raises PT to $29.

FBR analyst says, “We have a positive bias on Actuant shares heading into F1Q11 earnings on Dec 16 based on our expectation for upside earnings and positive outlook commentary. We see upside to FBR/consensus EPS estimate of $0.35/$0.34 primarily from better trends at Actuant’s highly profitable Enerpac (hydraulic tools, 28% of revenues), where our channel checks and proxy industrial indicators in Industrial Production and Grainger monthly sales suggest solid trends through the quarter…We are increasing our 2011/2012 EPS estimates to $1.55/$1.80 to reflect the Mastervolt acquisition and better underlying operating trends.”

Read the rest of the story.

Posted by MartZee December 08, 2010

Actuant Corporation (ATU) added to portfolio

Actuant Corporation (ATU) added to portfolio

A few days ago Actuant Corporation shot up on heavy volume when a new trend was identified. This stock may be a new winner. I bought 37 shares to my trading portfolio:

Bought 37 ATU @ 26.97

ATU


Posted by MartZee December 08, 2010

Making Personal Loans For Fun And Profit

“…banks weren’t going to get us out of this (recession) mess.”

Looking for hefty yields? Lending Club offers them by turning you into a banker to the little guy.

Lending Club was founded by Renaud Laplanche, a French native who worked as a New York securities lawyer before launching database search firm MatchPoint. Laplanche whipped out his plastic (and paid 18% annual interest) to cover the cost of computers and furniture early on. When he later related this war story to friends, some said they would have happily lent him money on less onerous terms.

The service launched in May 2007 as one of Facebook’s first applications, which attracted buzz and young borrowers with scanty credit histories to mine. Laplanche shifted gears and primed the pump with $12 million from angel investors and Silicon Valley Bank.

These days Lending Club is one of a handful of peer-to-peer lenders filling a gap created by tightfisted bankers.

Open your investing account here or
read the rest of the story.

Posted by MartZee December 02, 2010

Portfolio monthly review – November 2010

Portfolio monthly review - November 2010

Here is a monthly review of my Trading account, Roth IRA account and Lending Club account during a bit bumpy market. In November 2010 the market was correcting which was a great opportunity to buy more shares of stocks, mutual funds or ETFs cheaper.
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