Daily Markets - PerkinElmer Stays At Neutral
Daily Markets - PerkinElmer Stays At Neutral |
- PerkinElmer Stays At Neutral
- Liberty Media Top-line Beats
- Macerich Misses Estimates
- Sales Rise For Merge Healthcare
- Hot Stock News For Tuesday 10 August: BP, Bank Of America, Research In Motion, McDonalds, Repsol, Credit Suisse
- Earnings Preview: NVIDIA Corp.
- Lions Gate Misses Estimates
- Got Gold? The End Game Is Either Hyperinflation Or Debt Implosion
- Symmetry Remains “Neutral”
- Dell Rolls Out Ultra Thin Laptops
- IGT Partners With Global Draw
- Plains Plans A Cut In GOM Assets
- Adobe Buys Swiss Software Maker
- Stock Market News Briefs: Bank Of America, Credit Suisse Group, J.C. Penney Company Holding Company, Macy’s Inc, Natl Westminster Pfd, Target, UBS AG, Apple, JA Solar Holdings, Co., Ltd., Whole Foods Market
- Swiss Franc: Under Pressure
- Japanese Yen: The Downside Prevails
- British Pound: Under Pressure
- Euro: The Downside Prevails
- Hologic Acquires Sentinelle Medical
- Kohl’s July Sales Up
- Forex Trading: USDJPY Falls After Weaker US Productivity Data
- Valuation-Informed Indexing:What If Everything You Thought You Knew About Stock Investing Turned Out To Be Wrong?
- Forex Trading: GBPUSD Falls As Profit Taking/slower Global Growth Dominates
- Omnicom Issues Senior Notes
- Forex Trading: AUDUSD Pressured By Slower Global Growth
- U.K. Trade Deficit Narrows In June, GBPUSD Extends Yesterday’s Decline
- Gold – Entering A Strong Seasonal Period
- Technical Talk: In Absence Of Direction, Focus On Stock Selection
- Gerald Celente: US Oligopoly Is A Big Lie
- Global Property Prices – A Two-tiered Picture
- Calling All Auction-Rate Securities Holders
- Humor Corner: Selective Deafness
| Posted: 10 Aug 2010 08:05 AM PDT We maintain our Neutral recommendation on PerkinElmer (NYSE:PKI), a leading provider of scientific instruments, consumables and services to pharmaceutical, biomedical, environmental testing, chemical and general industrial markets worldwide. Second–quarter fiscal 2010 earnings beat the Zacks Consensus Estimate and also exceeded the company's forecast.
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| Posted: 10 Aug 2010 08:05 AM PDT Liberty Media Interactive (NASDAQ:LINTA) reported solid top-line growth in the second quarter of 2010. Quarterly total revenue was $2,449 million, up 5.6% year over year and also above the Zacks Consensus Estimate of $2,039 million.
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| Posted: 10 Aug 2010 08:05 AM PDT The Macerich Company (NYSE:MAC), a fully-integrated real estate investment trust (REIT), reported second quarter 2010 FFO (funds from operations) of $77.5 million or 57 cents per share, compared with $59.9 million or 67 cents in the year-earlier quarter. Fund from operations, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income. The reported FFO for the second quarter of 2010 missed the Zacks … [visit site to read more]
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| Sales Rise For Merge Healthcare Posted: 10 Aug 2010 08:05 AM PDT Merge Healthcare (NASDAQ:MRGE) reported net loss per share of 39 cents in the second quarter of 2010 compared with earnings per share (EPS) of 1 cent in the year-ago period. The loss is primarily due to acquisition and restructuring costs of $5.9 million and a one-time dividend payment of $15.9 million on preferred stock. However, after adjusting for one-time expenses, net loss per share was 3 cents compared with EPS of 7 cents in the year-ago period. The Zacks Consensus Estimate for the quarter … [visit site to read more]
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| Posted: 10 Aug 2010 08:00 AM PDT BP (NYSE:BP) - Co. has begun talks to sell its Vietnamese and Pakistani assets to Russian joint venture TNK-BP, according to a person close to the oil major. (Sources) - Co. and the US government are close to agreement and using future revenue from the London-based company’s Gulf of Mexico operations to back the USD 20bln clean-up and compensation fund, citing people familiar with the situation. (WSJ) UK International Power - Co.’s H1 Net GBP 199mln vs. Prev. GBP 394mln. In other news, … [visit site to read more]
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| Earnings Preview: NVIDIA Corp. Posted: 10 Aug 2010 07:35 AM PDT NVIDIA Corporation (NASDAQ:NVDA) is scheduled to announce its second quarter 2011 results on August 12, 2010 and the substantial downward revision in estimates reflect the negative bias that analysts have on this stock.
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| Posted: 10 Aug 2010 07:35 AM PDT Lions Gate Entertainment Corporation (NYSE:LGF) recently delivered lower-than-expected first quarter 2011 results, hurt by the fall in the top line and rise in theatrical marketing costs.
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| Got Gold? The End Game Is Either Hyperinflation Or Debt Implosion Posted: 10 Aug 2010 07:30 AM PDT “The collapse of the U.S. economy is a certainty - only the manner in which it will happen has yet to be determined. It is just a matter of time before the global derivatives bubble will produce the same result that has occurred to every other currency not backed by gold throughout history - those currencies, our 'money’, will become worthless.” Those were the alarming words of Jeff Nielson of BullionBullsCanada.com in a recent speech* which has been edited and reformatted below (with his … [visit site to read more]
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| Posted: 10 Aug 2010 07:05 AM PDT We reiterate our Neutral rating on Symmetry Medical (NYSE:SMA) following our assessment of the company's second-quarter fiscal 2010 results. Earnings for the quarter surpassed the Zacks Consensus Estimate, but profit plunged 50% year over year on account of a double-digit revenue decline. Weaknesses across the company's core product lines such as surgical instruments and orthopedic implants led to a 12% year over year decline in revenues. Lower product launch activities by customers … [visit site to read more]
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| Dell Rolls Out Ultra Thin Laptops Posted: 10 Aug 2010 07:05 AM PDT The third largest PC maker in the world Dell Inc. (NASDAQ:DELL) recently announced the shipment of its newest invention, namely the Inspiron M101z laptop. The compact device is already available in the market at a minimum price of $449.0 and bears a one-year limited warranty. The latest discovery weighs less than 4 pounds and is enhanced with features such as WLED display, full-width keyboard, Bluetooth, Integrated Ethernet and Wi-Fi. Powered by Advanced Micro Devices Inc.'s (NYSE:AMD) Athlon II … [visit site to read more]
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| Posted: 10 Aug 2010 07:05 AM PDT A wholly owned subsidiary of International Game Technology (NYSE:IGT), Barcrest Group recently signed an agreement with United Kingdom based Global Draw, a wholly owned subsidiary of Scientific Games Corporation (NASDAQ:SGMS). The agreement forms a strategic partnership between the two companies.
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| Plains Plans A Cut In GOM Assets Posted: 10 Aug 2010 06:35 AM PDT Oil and gas company Plains Exploration & Production Co. (PXP) has decided to reduce its operation in the Gulf of Mexico (GOM) area. The company has plans to sell $2 billion worth of assets in the GOM with a view to align capital spending with operating cash flow. Plains has a substantial presence in the GOM with a few of its assets performing per expectations. Again, some assets are in a development stage and need capital spending while the company is unsure about the time and capital … [visit site to read more]
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| Adobe Buys Swiss Software Maker Posted: 10 Aug 2010 06:35 AM PDT Adobe Systems (NASDAQ:ADBE), which makes the Photoshop and Acrobat software, recently announced that it agreed to acquire Swiss-based Web content management company Day Software Holding AG. Although the $240 million acquisition is not expected to be a game changer, it is in line with the company's acquisition strategy and its strong emphasis on boosting its Web content management and enterprise software capabilities.
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| Posted: 10 Aug 2010 06:35 AM PDT KKR (KKR) withdrew its $500 million stock offering, citing weak market conditions Credit Suisse (NYSE:CS) downgraded Royal Bank of Scotland (NYSE:RBS) from “outperform” to “neutral” UBS (NYSE:UBS) upgraded Whole Foods (NASDAQ:WFMI) to “buy” from “neutral,” with a price target of $45 Bank of America (NYSE:BAC) upgraded Macy’s (NYSE:M) to “buy” from “neutral,” raising the price target to $23 from $21, expecting comp trends to continue strong through 2011. The firm meanwhile dropped … [visit site to read more]
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| Posted: 10 Aug 2010 06:18 AM PDT |
| Japanese Yen: The Downside Prevails Posted: 10 Aug 2010 06:18 AM PDT |
| Posted: 10 Aug 2010 06:18 AM PDT |
| Posted: 10 Aug 2010 06:18 AM PDT |
| Hologic Acquires Sentinelle Medical Posted: 10 Aug 2010 06:05 AM PDT Recently, Hologic (NASDAQ:HOLX) completed the acquisition of Canada-based privately owned Sentinelle Medical for $85 million. Sentinelle is also eligible to receive two-year contingent earn-out depending on its incremental revenue growth in two years. Hologic expects this acquisition to be neutral to fiscal 2011 earnings. Earlier, on July 6, 2010, Hologic had announced its intention to acquire Sentinelle.
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| Posted: 10 Aug 2010 06:05 AM PDT Kohl's Corporation (NYSE:KSS) reported a 4.1% hike in its comparable-store sales for the four-week month ended July 31, 2010, with a 4.6% increase in the second quarter of 2010. The departmental store operator also raised its second-quarter earnings per share guidance to 80 cents – 82 cents from the prior guidance of 70 cents – 75 cents, following its sales performance in July while remaining enthusiastic regarding the back-to-school season. The second-quarter results were ahead of the … [visit site to read more]
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| Forex Trading: USDJPY Falls After Weaker US Productivity Data Posted: 10 Aug 2010 05:55 AM PDT |
| Posted: 10 Aug 2010 05:44 AM PDT by Rob Bennett
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| Forex Trading: GBPUSD Falls As Profit Taking/slower Global Growth Dominates Posted: 10 Aug 2010 05:35 AM PDT |
| Posted: 10 Aug 2010 05:35 AM PDT Last week, Omnicom Group Inc. (NYSE:OMC) priced its 4.450% senior notes due 2020 aggregating $1.0 billion. The notes will mature on August 15, 2020 and the transaction closed on August 5, 2010.
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| Forex Trading: AUDUSD Pressured By Slower Global Growth Posted: 10 Aug 2010 05:00 AM PDT |
| U.K. Trade Deficit Narrows In June, GBPUSD Extends Yesterday’s Decline Posted: 10 Aug 2010 04:55 AM PDT Fundamental Headlines
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| Gold – Entering A Strong Seasonal Period Posted: 10 Aug 2010 03:54 AM PDT As shown in the chart below, September has traditionally been the strongest month for gold bullion with a rise of 2.6% above the August price. Gold has risen 65% of the time since 1970. November through February are also typically strong months. The following explanation for the seasonal pattern is offered by U.S. Global Investors: "If history is any guide, gold is about to get even more attractive because we are heading into the fall and winter gift-giving season. This is the time of year … [visit site to read more]
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| Technical Talk: In Absence Of Direction, Focus On Stock Selection Posted: 10 Aug 2010 03:51 AM PDT The comments below were provided by Kevin Lane of Fusion IQ.
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| Gerald Celente: US Oligopoly Is A Big Lie Posted: 10 Aug 2010 03:45 AM PDT August marks the three-year anniversary of the beginning of the financial crisis. The collapse continues today, said Gerald Celente of the Trends Research Institute. Celente said that by focusing on the Great Depression, government experts are focused on the past and are neglecting the future. The Great Depression is history, argued Celente, saying it is time to look to the future, not the … [visit site to read more]
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| Global Property Prices – A Two-tiered Picture Posted: 10 Aug 2010 03:43 AM PDT The interesting chart below on the movement in global residential property prices comes courtesy of the Global Property Guide, a site comprising probably the most extensive global data base in this space. The table shows house-price changes for the year ending with the latest quarter for which data are available, compared with price changes for the equivalent previous year-long period.
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| Calling All Auction-Rate Securities Holders Posted: 10 Aug 2010 03:42 AM PDT Without information there can be no real truth. Without truth there can be no real justice. Without justice, what is the quality of our nation and ultimately our civilization?
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| Humor Corner: Selective Deafness Posted: 10 Aug 2010 03:33 AM PDT |
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