IntercontinentalExchange, Inc. (ICE) reported its third quarter results yesterday.

The company swung to a GAAP net income of $86.9 million or $1.18 per share from a net income of $75 million or $1.04 in the year-ago period. Results came in 3 cents ahead of the Zacks Consensus Estimate of $1.15.

The quarterly results benefited from position limitations on speculators, sweeping regulatory reforms, lower expenses and record futures trading. The upside was also attributable to growth in the company’s core businesses, significant progress from new initiatives and stronger margins.

The company could benefit as more over-the-counter contracts are exchange-traded and cleared, but could suffer if U.S. regulators impose new commodity-market position limits.

Net revenues increased 27.2% year over year to $256.3 million. The growth was primarily attributable to 34% increase in consolidated transaction and clearing fee revenues in the quarter driven primarily by new products, strong trading volumes in ICE's futures and OTC energy segments, continued

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NYSE Euronext Inc. (NYX) reported third-quarter results on Friday.  The company swung to a GAAP net income of $125 million or 44 cents per share from a GAAP net loss of $182 million in the prior quarter and a net income of $174 million or 66 cents in the year-ago period. Results included one-time charge related to merger expenses and exit costs, the impact of the disposition of Hugin Group B.V., the sale of investments in BM&F Bovespa and a fair value adjustment to investment in BIDS Holdings L.P.  Excluding these charges, pro forma earnings per share came in at 53 cents, beating the Consensus forecast by more than 18%, or 8 cents. The upside was attributable to growth in the company’s core businesses, significant progress from new initiatives which offset lower trading volumes.  Net revenue increased 2.1% sequentially but slipped 13.8% year over year ...

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Friday October 16, 2009

DrStockPick.com Stock Report!

LMT, PWRM, NOC, CSRH, IBM, CVAT, CME, AQNM

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LMT, Lockheed Martin Corporation

LMT is a world leader in systems integration and the development of air and missile defense systems and technologies, including the first operational hit-to-kill missile. It also has considerable experience in missile design and production, infrared seekers, command and control/battle management, and communications, precision pointing and tracking optics, as well as radar and signal processing.

The U.S. Army and the Missile Defense Agency (MDA) activated the second Terminal High Altitude Area Defense (THAAD) Battery today in a ceremony at Fort Bliss, Texas.

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Thursday September 24, 2009

DrStockPick.com Stock Report!

CSRH, CME, PWRM, GRMN, CVAT, HERO, CVX

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CSRH, Consorteum Holdings Inc, CSRH.OB

CSRH is a company in the financial services, payment and transaction processing industries.

CSRH provides electronic transaction processing and management services to financial institutions, healthcare, government, public and private sector companies. CSRH’s services provide customized, innovative technology solutions that create, augment and enhance customers’ existing financial, payment and transactional processing systems.

CSRH has established an agreement with a third party partner within the payment processing industry to offer Merchant Discount Rates. Consorteum will leverage this new partnership to offer competitive Merchant Discount Rates and

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On September 8th, CME Group Inc. (CME) announced the launch of trading and clearing services for new "in delivery" month European Union Allowance and Certified Emission Reduction serial options contracts. Trading will be available on the New York trading floor and clearing services will be available through CME ClearPort. ClearPort is a set of flexible clearing services open to over the counter (OTC) market participants to substantially mitigate counterparty risk and provide neutral settlement prices across asset classes. Trading on the option contracts is scheduled to begin on Sept. 20 for trade date Sept. 21. These contracts are listed with NYMEX and subject to the rules and regulations of both NYMEX and CME. The contracts and commodity codes for the serial options will be: in delivery month European Union Allowance (9G) and in delivery month Certified Emission Reduction (9E). These options contracts are listed on ...

NYSE Euronext (NYX) reported second-quarter results before the opening bell today.

The company swung to a GAAP net loss of $182 million, against net income of $195 million in the year-ago period. The loss was caused by a one-time charge of $442 million related to termination of a contract with LCH.Clearnet and planned job cuts.

Excluding this charge, pro forma earnings per share came in at 51 cents, beating the consensus forecast by more than 13%, or 6 cents.

The transatlantic exchange, which operates across 6 cash equities exchanges in 7 countries and 8 derivatives exchanges, offers trading, clearing and settlement in equities, futures, options, fixed-income and exchange-traded products.

The company stated that net revenues slipped 13.6% year over year to $611 million, which fell short of the consensus estimate by 2%. The decline was attributable to foreign currency fluctuations, price cuts in the U.S. and European markets and sluggish volume in

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CME Group Inc.’s (CME) second quarter pro forma earnings of $3.37 per diluted share substantially topped our estimate as well as the consensus, primarily as a result of higher-than-expected quotation data fees and transaction fees on an increased average rate per contract. Expenses reduction initiatives also helped increase the bottom-line. GAAP net income for the quarter came in at $221.8 million or $3.33 per diluted share, up 11.3% sequentially but down 9.3% year-over-year on a per-share basis. During the quarter, the company had a reduction of $2.6 million in net income from merger-related charges. This impairment charge was the primary factor for reduced GAAP net income. Excluding one-time charges, we see pro forma earnings of $224.4 million or $3.37 per diluted share, up 5.5% sequentially but down 14.3% year-over-year on a per-share basis. Net revenue for the quarter increased 3.5% sequentially and 14.5% year-over-year to $633.0 million. Investment income ...

Highlights include American International Group, Inc. (AIG), CME Group, Inc. (CME) and IntercontinentalExchange, Inc. (ICE).Last evening, the Treasury unveiled its proposal for a comprehensive regulatory framework for all Over-The-Counter (OTC) derivatives. The details of the proposal can be seen here.These OTC derivatives, include credit default swaps that caused the near-collapse of AIG (AIG) and led to the $180 billion government bailout of the company. These derivates have largely remained largely outside the regulatory framework, though their market has exploded in recent years.Among other things, the proposals mainly require all derivatives to be centrally cleared through regulated central counterparties (CCP) and all OTC derivative dealers (having large exposures) to be subject to capital and reporting requirements.The proposals intend to make the trading of derivatives more transparent and also give regulators the ability to limit the amount of ...

Investors occasionally use a stock trading technique called 'Buying Dividends,' which is the technique of buying stocks before the ex dividend date and selling the stock shortly after the ex date at about the same price, yet still being entitled to the dividend. This technique generally works only in bull markets.br /br /If you are interested in a href="http://stockerblog.blogspot.com/2008/05/buying-dividends-top-7-stocks-going-ex.html"buying dividends/a, there are many stocks in many different industries to choose from. In order to be entitled to the dividend, you have to buy the stock before the ex-dividend date, and you can't sell the stock until after the ex date. The actual dividend may not be paid for another few weeks.br /br /All of the following stocks yield over 2%. br /br /Avery Dennison Corporation (AVY) goes ex-dividend on 12/1/2008 . The stock has a yield of 6.55% .br /Callaway Golf Company (ELY) goes ex-dividend on 12/1/2008 . The ...

The wild market swings of late are most likely down to hedge funds says Keith Fitz-Gerald. These big money movers are liquidating assets to meet margin calls, causing chaos in the markets. Keith has four tips on how to dodge the worst of the damage.

He says it is essential to guard against today’s downside risks with trailing stops, inverse ETFs, and put options.

And every investor should have a plan to re-engage with the markets when this financial storm passes.

This from Money Morning:

As the worst financial crisis in recorded market history rocks Wall Street, millions of investors on Main Street keep asking a single question.

When will this end?

The market volatility is unprecedented: Where professional traders once ranked a day as “wild” if we witnessed a 300-point swing, in recent months we’ve seen 600- and 700-point swings on a regular basis. On Oct. 9, a Thursday, we rode out a

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