Daily Markets - The Dangers Of Removing Money From A 401(k) Plan |
- The Dangers Of Removing Money From A 401(k) Plan
- Hindenburg Omen Redux, How Dire Is It Anyway?
- Housing: The End Of The Artificial Stimulus
- A New ETF To Play India’s Growth
- Random Roundup
- LGL Group Shifting With The Times
- Toyota: Recall Rerun?
- AutoNation Upgraded To Outperform
- Oil And Gold Respond To Risk Appetite With Similar Volatility, Different Trends
- Sanderson Farms Misses Big
- Medtronic Misses, Lowers Guidance
- Tax Jujitsu: Why Democrats Should Propose A “People’s Tax Cut”
- Are We In A Bond Market Bubble?
- CIVETS: The Next Gateway To Growth
- Xcel Spends $0.4M On Lobbying
- Genzyme To Publish Data On Gaucher
- Navy Contract For Raytheon
- Leading Economic Indexes: 4 Up, 1 Down
- ASA Staffing Index Reaches 97-Week High
- Setback For EpiCept
- ImmonoGen Drug Gets Orphan Status
- Pfizer’s Sutent Disappoints Again
- Lorillard Hikes Dividend By 12.5%
- Good News For Alexion Pharma
- Earnings Scorecard Blog: NVIDIA
- The D&B At Neutral
- Home Sales Plunge, Prices To Follow
- SXL To Tap Equity Market
- Forex Trading: EURCHF Moves To Record Low
| The Dangers Of Removing Money From A 401(k) Plan Posted: 24 Aug 2010 05:01 PM PDT Fidelity just released a new report and it’s pretty depressing. The upshot? A record number of Americans are making hardship withdrawals from their 401(k) retirement plans. Worse yet, the number of U.S. workers borrowing from their plans is also at a 10-year high! I’ll get to why this is so disheartening in a moment. But first … A Quick Look at the Ways to Remove Money from a 401(k) Plan The 401(k) plan is the most ubiquitous retirement account in the United States, and for … [visit site to read more]
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| Hindenburg Omen Redux, How Dire Is It Anyway? Posted: 24 Aug 2010 03:52 PM PDT The Hindenburg Omen was triggered again last week, as reported by the WSJ MarketBeat. This is the second time this month since its first occurrence on Aug. 12. For those not familiar with the term, the Hindenburg Omen is essentially a combination of four bearish technical indicators on the NYSE occurring on the same day, which would signal increased probability of a stock market crash. Wall Street is quite abuzz since the Omen seems to have a pretty good track record … [visit site to read more]
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| Housing: The End Of The Artificial Stimulus Posted: 24 Aug 2010 03:01 PM PDT The National Association of Realtors (NAR) reported today that existing homes sales in July of 3,830,000 units at a seasonally-adjusted annual rate was 27.2% below the sales level in June of 5,260,000 units, and 25.5% below last July, when 5,140,000 homes were sold. Here are some of the reports and reactions: 1. LA Times — “Many buyers who rushed to beat the April 30 deadline to sign a sales contract were closing their deals in May and June, helping … [visit site to read more]
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| A New ETF To Play India’s Growth Posted: 24 Aug 2010 02:17 PM PDT As investors continue to reap the benefits of growth in emerging markets, ETF provider, Van Eck, recently announced the launch of the Market Vectors India Small-Cap Index ETF (SCIF) giving investors yet another way to access the emerging nation.
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| Posted: 24 Aug 2010 01:57 PM PDT 1. NY Times — Some scholars are challenging the peer review monopoly and are instead using the Internet to “expose scholarly thinking to the swift collective judgment of a much broader interested audience.” (HT: Steve Bartin) 2. If all elite private universities enacted race-blind admissions, the percentage of Asian students would jump from 24 percent to 39 percent (similar to what they already are now at Caltech and Berkeley, two elite institutions with race-blind admissions; the … [visit site to read more]
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| LGL Group Shifting With The Times Posted: 24 Aug 2010 01:35 PM PDT LGL Marks Top and Bottom-Line Growth for 3rd Straight Quarter LGL Group (NYSE:TRV), through its subsidiaries, manufactures custom-designed highly engineered electronic components. On August 17th 2010, LGL reported second quarter of 2010 earnings. This marked the 3rd straight quarter of top and bottom-line growth. MISA (Military Instrumentation, Space and Avionics) contracts won in the second half of 2009 have begun to contribute significantly to revenue. The contracts deal with … [visit site to read more]
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| Posted: 24 Aug 2010 01:05 PM PDT The U.S. government has sped up its investigation into Toyota Motor’s (TM) Corolla and Matrix vehicles on the back of a possible engine defect that could cause them to stall while in motion.
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| AutoNation Upgraded To Outperform Posted: 24 Aug 2010 01:05 PM PDT We have upgraded our long-term recommendation (6+ months) on the shares of AutoNation Inc. (AN) from Neutral to Outperform. This is based on its improved results and recent acquisitions.
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| Oil And Gold Respond To Risk Appetite With Similar Volatility, Different Trends Posted: 24 Aug 2010 01:00 PM PDT North American Commodity Update
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| Posted: 24 Aug 2010 12:35 PM PDT Sanderson Farms Inc. (NASDAQ:SAFM) posted fiscal 2010 third-quarter results on Monday. The company's earnings slumped 16.1% to $36.1 million or $1.55 per share from $43.1 million or $2.06 per share in the year-ago period. Quarterly earnings also came in way behind the Zacks Consensus Estimate of $1.87 per share. The lackluster performance was primarily attributable to sluggish market prices and extremely hot weather. The company's net sales during the quarter dipped 3.1% to $489.1 million from … [visit site to read more]
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| Medtronic Misses, Lowers Guidance Posted: 24 Aug 2010 12:35 PM PDT Medtronic (MDT) began the fiscal 2011 on a disappointing note. The company reported an adjusted EPS of 80 cents, which missed the Zacks Consensus Estimate by two cents but was a penny higher than the year-ago quarter. However, first quarter of fiscal 2010 included an extra week, which had a positive impact of 5 cents. Excluding the impact, the EPS recorded a growth of 8%.
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| Tax Jujitsu: Why Democrats Should Propose A “People’s Tax Cut” Posted: 24 Aug 2010 12:35 PM PDT Republicans are calling the Democrat's proposal to end the Bush tax cuts on the richest 3 percent a "tax increase," and demagoging that it will hurt the economy and small business. This is baloney, to put it politely. Let me count the ways:
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| Are We In A Bond Market Bubble? Posted: 24 Aug 2010 12:29 PM PDT Jeremy Siegel author of Stocks for the Long Run recently wrote an op-ed in the Wall Street Journal titled "The Great American Bond Bubble". Siegel stated that bonds are the ultimate bubble comparing them to the tech bubble before it burst in 2000.
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| CIVETS: The Next Gateway To Growth Posted: 24 Aug 2010 12:17 PM PDT After the exceptional economic growth and prosperity witnessed by emerging markets, like China, India and Brazil, the CIVETS, Colombia, Indonesia, Vietnam, Egypt, Turkey and South Africa are expected to be the growth leaders in the next decade.
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| Posted: 24 Aug 2010 12:05 PM PDT Energy company Xcel Energy Inc.'s (NYSE:XEL) lobbying expenses during the second-quarter 2010 amounted to $400,000, which reflected a reduction of $40,000 from the year-ago quarter and $60,000 from the first-quarter 2010. Xcel lobbied with Congress as well as federal agencies, which includes the Environmental Protection Agency, the Federal Energy Regulatory Commission and the Interior Department. During the second-quarter 2010, Xcel lobbied on issues relating to pending legislation, the … [visit site to read more]
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| Genzyme To Publish Data On Gaucher Posted: 24 Aug 2010 11:35 AM PDT Genzyme Corp. (NASDAQ:GENZ) recently announced that it will be publishing two-year follow-up data on its Gaucher disease candidate, eliglustat tartrate, in the journal Blood. 52-week phase II data on the candidate, presented last year, showed that the candidate met its primary endpoint. The two year follow-up data showed continued improvement across all endpoints. Eliglustat tartrate is currently in two phase III studies. While one study, ENCORE, is comparing eliglustat tartrate to Cerezyme in … [visit site to read more]
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| Posted: 24 Aug 2010 11:35 AM PDT Raytheon Co. (NYSE:RTN) received a contract worth $46.9 million from the U.S. Navy to produce transmitter group, fire-control system and engineering for the shipboard Aegis weapons system. Raytheon will perform the work in Andover, Massachusetts, and in Sudbury, Massachusetts and complete by February 2014. Earlier, the U.S. Navy had awarded a contract worth $56 million to supply sonar equipment. Raytheon's integrated defense unit in Portsmouth, Rhode Island, received the contract from the … [visit site to read more]
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| Leading Economic Indexes: 4 Up, 1 Down Posted: 24 Aug 2010 11:25 AM PDT Over the last week, the Conference Board reported increases in the June Leading Economic Indexes for China, Germany and Mexico, and an increase in the July Leading Economic Index for the U.S. The Leading Economic Index for France fell in June, the first decline in more than a … [visit site to read more]
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| ASA Staffing Index Reaches 97-Week High Posted: 24 Aug 2010 11:15 AM PDT The American Staffing Association (ASA) Staffing Index for temporary and contract employment activity reached a 97-week high of 95 for the week of August 9, the highest index level since a reading of 97 in the week of September 29, 2008 (see chart above, data here). Compared to the same week last year, the latest ASA Staffing Index has improved by 26.7% for Week 33 (see bottom chart above). This marks the 17th week in a row with percentage gains above 20% compared to the same month in … [visit site to read more]
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| Posted: 24 Aug 2010 11:05 AM PDT EpiCept Corporation (NASDAQ:EPCT) was dealt a body blow by the US Food and Drug Administration (FDA) recently with the agency rejecting the company's new drug application (NDA) for its lead candidate Ceplene (histamine dihydrochloride).
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| ImmonoGen Drug Gets Orphan Status Posted: 24 Aug 2010 11:05 AM PDT ImmunoGen Inc. (NASDAQ:IMGN) recently announced that the US Food and Drug Administration (FDA) granted orphan drug status to the company's small-cell lung cancer (SCLC) candidate, lorvotuzumab mertansine. The drug was earlier called IMGN901.
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| Pfizer’s Sutent Disappoints Again Posted: 24 Aug 2010 11:05 AM PDT Pfizer Inc.'s (NYSE:PFE) Sutent faced yet another development setback when the company announced that the candidate failed to achieve its primary endpoint in a late-stage study (SUN 1087) that was being conducted in patients suffering from non small-cell lung cancer (NSCLC). Results showed that Sutent, when used in combination with Roche's (RHHBY) Tarceva (erlotinib), failed to demonstrate a statistically significant improvement in overall survival compared to Tarceva alone. However, … [visit site to read more]
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| Lorillard Hikes Dividend By 12.5% Posted: 24 Aug 2010 10:35 AM PDT The board of directors of Lorillard Inc. (NYSE:LO) authorized a 12.5% increase in its quarterly dividend. The company will now pay $1.125 per share or $4.50 on an annualized basis as dividend, up from the prior level of $1.00 per share or $4.00 annualized. The increased dividend will be paid on September 10, 2010, to shareholders of record as of September 1, 2010.
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| Posted: 24 Aug 2010 10:35 AM PDT Alexion Pharmaceuticals Inc. (NASDAQ:ALXN) received a boost when the U.S. Food and Drug Administration (FDA) sanctioned the company's Rhode Island manufacturing facility (ARIMF) in Smithfield as a second source of commercial supply for Alexion's sole marketed product Soliris (eculizumab). The European Medicines Agency has already approved ARIMF as a second source of supply for the drug in the European Union (EU).
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| Earnings Scorecard Blog: NVIDIA Posted: 24 Aug 2010 10:35 AM PDT Since the company reported results on August 12, there have been a large number of estimate revisions by the analysts covering the stock.
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| Posted: 24 Aug 2010 10:05 AM PDT The Dun & Bradstreet Corporation (NYSE:DNB) is currently trading at the low end of its historical range, which is a discount to the industry average. The company is well positioned to benefit from a recovery in the economic environment though we do not expect a strong rebound until 2011.
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| Home Sales Plunge, Prices To Follow Posted: 24 Aug 2010 10:05 AM PDT While everyone expected Existing Home Sales to drop in July, the drop was far more than expected. In July, used homes sold at an annual rate of just 3.83 million, the lowest level since 1996. That is a plunge of 27.2% from the June pace of 5.26 million, and is 25.5% lower than the year-ago pace of 5.14 million. The month-to-month decline is actually worse than it appears since the June numbers were revised down from a 5.37 million pace. So relative to where we though used home sales were … [visit site to read more]
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| Posted: 24 Aug 2010 10:05 AM PDT Sunoco Logistics Partners L.P. (NYSE:SXL) – predominantly refined products pipeline master limited partnership (MLP) – has commenced an underwritten public offering of 1,750,000 million common units. The partnership also intends to provide the underwriters with an option to purchase up to 262,500 million additional common units to cover over-allotments, if any.
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| Forex Trading: EURCHF Moves To Record Low Posted: 24 Aug 2010 09:43 AM PDT The EURCHF has moved to a record low falling below the old low reached in June at … [visit site to read more]
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