Daily Markets - Pratt’s New Engine For Bombardier
Daily Markets - Pratt’s New Engine For Bombardier |
- Pratt’s New Engine For Bombardier
- BJ’s Wholesale To Underperform
- Questar Cut To Underperform
- Neutral On ValueClick
- Earnings Preview: Lots Of Economic Data Coming Up
- CareFusion Launches Spinal Device
- Flowserve Wins Contract
- Dollar Financial Beats, Ups Outlook
- Netflix App For Apple’s Device
- YRC Worldwide Initiated As Neutral
- Ambac Withdraws $1B Offering
- Medtronic Gets Canadian Approval
- PPL Corp Files Settlement Agreement
- Dell And HP Bidding War Continues
- Fresenius To Add Gambro’s PD Unit
- Shell Attempts To Reclaim Tailings
- Google Enters Skype’s Territory
- Kimco Offers Medium-Term Notes
- GDP Revised Down On Inventory, Trade
- American Physicians Upgraded
- Luminex’s New Cystic Fibrosis Test
- Forex Trading: AUDUSD Pushes Above 200 Day MA. Will Be Watching The Close
- Raymond James Taking Center Stage In ARS Tragedy
- Highwoods Changes Building Design
- Cisco Picks Up ExtendMedia
- Forex Trading: USDJPY Showing Some Bullish Clues
- Fannie And Freddie Lose Billions
- Westamerica Plans Share Buyback
- Novell 3Q In Line, Revenue Slips
- Natural Gas Supply On The Rise
- More On The Bond Bubble
- Forex Trading: GBPUSD Bounces Up From Support To 200 Hour Resistance
- Travel Stocks Receive Profitable Boost From US Holidaymakers
- Australian Dollar: Bullish Bias Above 1095
- Canadian Dollar: Bullish Bias Above 1035
- The Two Stories Of This Terrible Economy, Yet Obama And The Dems Won’t Tell Theirs
- Consumption, Investment And Trade Are All Up
- Hot Stock News For Friday 27 August: Hewlett-Packard, Dell, 3Par, State Street, BHP Billiton
- Forex Trading: EURUSD Breaking Out? IT Is Step One. Price Moves Above 200 Hour MA.
- Regis Misses Zacks Estimates
- China Unicom Profit Falls On Costs
- Buying Votes In Arkansas With Our Money
| Pratt’s New Engine For Bombardier Posted: 27 Aug 2010 12:05 PM PDT Pratt & Whitney, a division of United Technologies Corporation (NYSE:UTX), has successfully assembled its first PurePower engine for the Bombardier CSeries aircraft. The completion of this engine as per schedule is expected to deliver exceptional customer advantages in 2013.
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| BJ’s Wholesale To Underperform Posted: 27 Aug 2010 12:05 PM PDT
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| Posted: 27 Aug 2010 11:35 AM PDT We have downgraded natural gas-focused energy firm Questar Corp. (NYSE:STR) shares to Underperform from Neutral. Given the weak natural gas fundamentals and the company's clouded post-split outlook, we see little reason for investors to own the stock.
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| Posted: 27 Aug 2010 11:35 AM PDT Although we expect ValueClick Inc. (VCLK) to deliver improved results in 2011 as top line seems to accelerate, we maintain our Neutral rating on the stock until it delivers a sustained growth.
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| Earnings Preview: Lots Of Economic Data Coming Up Posted: 27 Aug 2010 11:05 AM PDT Earnings Preview 8/27/10 Earnings season is just about over, with just a few stragglers, mostly those with fiscal periods ending in July. Many of those are retailers and non-U.S. firms. There will be 83 firms reporting, including just 5 S&P 500 firms. The S&P 500 firms thate will be reporting are Brown Forman (CPM), Heinz (NYSE:HNZ), H&R Block (NYSE:HRB) and SAIC (NYSE:SAI). With very little action on the earnings front, all eyes will be focused on the economic data, and we will be … [visit site to read more]
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| CareFusion Launches Spinal Device Posted: 27 Aug 2010 11:05 AM PDT Leading medical devices company, CareFusion (CFN), has launched Avamax vertebral balloon, a minimally invasive device to be used during kyphoplasty, a procedure for treating spinal compression fractures. The Avamax vertebral balloon is part of a system, which includes a needle, bone cement and delivery instruments for kyphoplasty or vertebroplasty. The company is a leading player in the field of vertebroplasty procedures, an alternative to treat compression fractures.
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| Posted: 27 Aug 2010 11:05 AM PDT Flowserve Corporation (FLS) has won three contracts for supplying isolation valves to China Nuclear Power Engineering Company Ltd. These are expected to be utilized at Yangjiang, Fangchenggang and Ningde locations.
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| Dollar Financial Beats, Ups Outlook Posted: 27 Aug 2010 10:35 AM PDT Dollar Financial Corporation (NASDAQ:DLLR) reported its fourth-quarter earnings (excluding one-time charges) of 42 cents per share, ahead of both the Zacks Consensus Estimate and the year-ago quarter's estimate of 39 cents. Dollar Financial also reported its fiscal-year earnings (excluding one-time charges) of $2.01, which exceeded the Zacks Consensus Estimate of $1.99 and $1.90 from a year ago. The operating results exclude non-recurring and non-cash charges, and are adjusted for pro forma … [visit site to read more]
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| Netflix App For Apple’s Device Posted: 27 Aug 2010 10:35 AM PDT A leading provider of online movie rental and Web video subscription services, Netflix Inc. (NASDAQ:NFLX) announced the release of its application to Apple Inc.'s (AAPL) iPod and iPhone Touch handheld devices. The application will allow streaming of movies and TV shows via both Wi-Fi and 3G networks for free.
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| YRC Worldwide Initiated As Neutral Posted: 27 Aug 2010 10:35 AM PDT We initiate coverage for YRC Worldwide Inc. (NASDAQ:YRCW) with a Neutral recommendation, which means the stock will perform mostly in line with the broader market. Net earnings in the second quarter 2010 were significantly above the Zacks Consensus Estimate but revenue fell below it. Although YRC Worldwide reported signs of some revival, we still believe that the company continues to face the threat of bankruptcy.
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| Posted: 27 Aug 2010 10:35 AM PDT Ambac Financial Group, Inc. (ABK) has withdrawn its plans for the sale of up to $1 billion worth of securities, as the late filing of its 10-K for fiscal 2009 annual report debarred it from issuing securities. Ambac Financial withdrew the S-3 registration statement filed on April 1, 2009. Earlier this month, the company was also preparing for bankruptcy protection to restructure its outstanding debt. Ambac also fears its inability to cover its operating expenses and debt service obligations … [visit site to read more]
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| Medtronic Gets Canadian Approval Posted: 27 Aug 2010 10:35 AM PDT Medtronic (NYSE:MDT) has received approval from Health Canada for ablation frontier cardiac ablation system, a radiofrequency ablation technology for the treatment of atrial fibrillation (AF). The device consists of the Genius multi-channel radiofrequency generator and the pulmonary vein ablation catheter (PVAC). As a condition of the approval, the company has to provide updates on the safety and effectiveness of the PVAC. The product is yet to receive approval from the US Food and Drug … [visit site to read more]
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| PPL Corp Files Settlement Agreement Posted: 27 Aug 2010 10:05 AM PDT PPL Electric Utilities, a subsidiary of PPL Corporation (NYSE:PPL), has flied a settlement agreement with the Pennsylvania Public Utility Commission (PUC). The agreement calls for a $77.5 million (or 1.6%) increase in annual revenues, beginning January 1, 2011.
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| Dell And HP Bidding War Continues Posted: 27 Aug 2010 10:05 AM PDT The bidding battle between tech giants, Dell Inc. (NASDAQ:DELL) and Hewlett-Packard & Co. (NYSE:HPQ) to acquire 3PAR Inc. (PAR) is likely to stretch longer than expected. The tug-of-war between the tech titans is raising value for the shareholders of 3PAR, which has not been making much profit lately. The chase to tap new markets (beyond PCs) with huge growth prospects is the main reason for the bidding war.
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| Fresenius To Add Gambro’s PD Unit Posted: 27 Aug 2010 10:05 AM PDT Germany-based Fresenius Medical Care (NYSE:FMS), the world's largest provider of services for dialysis patients, recently announced that it has entered into an agreement with Stockholm-based Gambro AB to purchase the latter's global peritoneal dialysis (PD) business. Gambro is a global medical technology company with leadership in therapies for kidney and liver dialysis and other therapies for chronic and acute patients.
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| Shell Attempts To Reclaim Tailings Posted: 27 Aug 2010 10:05 AM PDT Supermajor Royal Dutch Shell (RDS.A) has started a new project in Alberta for speeding up reclamation of toxic waste ponds at oil sands operations. The company recently received regulatory approval for a commercial-scale test that it calls an “atmospheric fines drying” technique for dealing with tailings (waste product). Shell runs a 155,000 barrel per day Athabasca Oil Sands Project (with 60% interest) in northern Alberta. Its partners are Chevron Corp. (NYSE:CVX) and Marathon Oil Corp. (NYSE:MRO) … [visit site to read more]
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| Google Enters Skype’s Territory Posted: 27 Aug 2010 10:05 AM PDT Free computer-to-computer voice calling has been around for years but using computers to make calls to landlines or mobile phones may soon be in vogue. Taking a leaf out of Skype's book, Google (NASDAQ:GOOG) announced recently that it will let users of its Gmail service in the U.S. and Canada call landlines or mobile phones for free — at least until the end of the year. Google's announcement to add the phone calling feature to its Gmail service is not likely to immediately challenge Skype's … [visit site to read more]
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| Kimco Offers Medium-Term Notes Posted: 27 Aug 2010 10:05 AM PDT Kimco Realty Corporation (NYSE:KIM), a real estate investment trust (REIT), recently announced a public offering of $300 million medium-term notes due 2018 at a coupon of 4.3% to repay its outstanding debt.
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| GDP Revised Down On Inventory, Trade Posted: 27 Aug 2010 09:35 AM PDT Prelude GDP growth in the second quarter was revised down to 1.6% from a preliminary reading of 2.4%. This post is essentially a re-post of my analysis of the first reading, only the numbers that were released a month ago are now in parenthesis, while the current estimates are in bold. This will allow you to see just where the changes have come from in the revision, as well as how the second quarter stacks up relative to earlier quarters. New commentary, or changes in directional words (i.e. … [visit site to read more]
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| Posted: 27 Aug 2010 09:35 AM PDT We are upgrading our recommendation to Outperform from Neutral on American Physicians (NASDAQ:AMPH), as we believe the company is set to benefit from its expansionary initiatives and excellent policyholder retention as well as aggressive share buyback program.
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| Luminex’s New Cystic Fibrosis Test Posted: 27 Aug 2010 09:35 AM PDT Luminex Corporation (NASDAQ:LMNX), a developer of biological testing technologies, has commenced the commercial launch of its new cystic fibrosis (a genetic disorder) diagnostic test dubbed "xTAG Cystic Fibrosis 60 Kit v2" following its recent approval by the U.S. Food and Drug Administration (FDA). The product will be marketed throughout the U.S. through Luminex Molecular Diagnostics (LMD), a unit of the company's Assay segment. Cystic fibrosis, which afflicts roughly 30,000 people in the … [visit site to read more]
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| Forex Trading: AUDUSD Pushes Above 200 Day MA. Will Be Watching The Close Posted: 27 Aug 2010 09:33 AM PDT |
| Raymond James Taking Center Stage In ARS Tragedy Posted: 27 Aug 2010 09:05 AM PDT The play that has more acts and actors than the longest running shows on Broadway is regrettably anything but entertaining. Although the entire financial industry would clearly hope it could wake up from the the nightmare known as auction-rate securities, the fact is this ongoing saga is no bad dream but a very real tragedy. Which player seems to be taking center stage in this ongoing epic disaster? Enter stage right, Raymond James. A month ago, we witnessed in a WSJ review, Raymond James Ordered to Buy Back Auction-Rate Securities,
Aside from the award, the most interesting element of this 'act' is the fact that…, … [visit site to read more]
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| Highwoods Changes Building Design Posted: 27 Aug 2010 09:05 AM PDT Amid widespread vocal opposition for the proposed office building of law firm Polsinelli Shughart, Highwoods Properties Inc. (NYSE:HIW), a real estate investment trust (REIT), modified the design of the build-to-suit property in Country Club Plaza – an upscale shopping district and residential neighborhood in Kansas City.
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| Posted: 27 Aug 2010 09:05 AM PDT Cisco Systems Inc. (NASDAQ:CSCO) has announced its intention to acquire venture capital-funded ExtendMedia, which is a maker of content management system (CMS) software. The deal, which according to some could be worth as much as $80 million, is expected to provide Cisco the necessary technology for delivering video over IP.
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| Forex Trading: USDJPY Showing Some Bullish Clues Posted: 27 Aug 2010 08:39 AM PDT USDJPY showing some bullish clues. Holding 84.80 is needed. A move to 85.36-46 is the next target … [visit site to read more]
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| Fannie And Freddie Lose Billions Posted: 27 Aug 2010 08:35 AM PDT According to a report published by Federal Housing Finance Agency ("FHFA") on Thursday, government-backed mortgage finance giants Fannie Mae (FNMA) and Freddie Mac (FMCC) lost $226 billion in capital in the last three years.
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| Westamerica Plans Share Buyback Posted: 27 Aug 2010 08:35 AM PDT On Thursday, Westamerica Bancorp. (NASDAQ:WABC) announced its plan to repurchase up to 6.9% or approximately 2 million of its common stock as of July 23, 2010. The board of directors approved the plan to repurchase shares from the open market or private transactions by September 1, 2011.
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| Novell 3Q In Line, Revenue Slips Posted: 27 Aug 2010 08:35 AM PDT Enterprise software developer, Novell Inc. (NOVL) reported third quarter 2010 earnings of 5 cents, in line with both the Zacks Consensus Estimate and the year-ago quarter. Earnings include stock based compensation but exclude one time item. The better-than-expected result was primarily driven by stringent cost management.
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| Natural Gas Supply On The Rise Posted: 27 Aug 2010 08:35 AM PDT The federal government's Energy Information Administration ("EIA") reported an in line increase in natural gas supplies, attributable to relatively warm temperatures in most regions that led to robust electric generation demand for the commodity.
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| Posted: 27 Aug 2010 08:22 AM PDT It seems that now everyone is starting to weigh on the "bond bubble". The Economist had a panel of experts weigh in on the topic. As always I recommend people take the term expert with a grain of salt.
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| Forex Trading: GBPUSD Bounces Up From Support To 200 Hour Resistance Posted: 27 Aug 2010 08:20 AM PDT |
| Travel Stocks Receive Profitable Boost From US Holidaymakers Posted: 27 Aug 2010 08:19 AM PDT The number of U.S. travelers hitting the road - and the air and sea - is on the rise, bringing profit-making momentum to travel stocks that will continue into 2011. While the U.S. economic recovery is slowing down, travel has picked up since 2009’s fourth quarter. Consumers are facing less debt and an increase in household net worth, and those who have weathered the worst of the storm have saved enough to treat themselves to a trip. While 2009 was the year of the “staycation,” … [visit site to read more]
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| Australian Dollar: Bullish Bias Above 1095 Posted: 27 Aug 2010 08:18 AM PDT |
| Canadian Dollar: Bullish Bias Above 1035 Posted: 27 Aug 2010 08:18 AM PDT |
| The Two Stories Of This Terrible Economy, Yet Obama And The Dems Won’t Tell Theirs Posted: 27 Aug 2010 08:18 AM PDT The public doesn't understand specific policies but it does understand stories that link them together. The stories give the policies context and meaning, and thereby show where policymakers are taking a nation (and, by implication, where the opposition would take it).
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| Consumption, Investment And Trade Are All Up Posted: 27 Aug 2010 08:15 AM PDT Here’s a breakdown of the percent changes in the components of real GDP for the second quarter (from Table 1 of today’s BEA report): 1. Personal consumption expenditures (PCE): 2.0% in QII, matching the growth rate of personal consumption spending in third quarter of 2009, and the highest growth rate in PCE since the 2.4% rate in the first quarter of 2007. The 2% growth in PCE follows increases over the previous three quarters of 2.0%, 0.9% and 1.9%, which marks the first … [visit site to read more]
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| Hot Stock News For Friday 27 August: Hewlett-Packard, Dell, 3Par, State Street, BHP Billiton Posted: 27 Aug 2010 08:13 AM PDT Equities finished the session lower in spite of better than expected weekly jobless claims data as the focus turned on the GDP revision, as well as the testimony by Ben Bernanke. The move lower was led by tech and oil & gas sectors, while basic material sector remained in positive territory. Despite staging a bounce in the closing stages of the session, DJIA was unable to recover earlier losses and closed below 10,000 mark. Finally, at the closing bell DJIA closed down 0.74% at … [visit site to read more]
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| Forex Trading: EURUSD Breaking Out? IT Is Step One. Price Moves Above 200 Hour MA. Posted: 27 Aug 2010 08:09 AM PDT EURUSD breaking out? IT is step one. Price moves above 200 hour MA. Now we need buying momentum to materialize. Topside next targets 1.2784 … [visit site to read more]
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| Posted: 27 Aug 2010 08:05 AM PDT Regis Corporation (NYSE:RGS) reported fiscal fourth-quarter 2010 net profit of $18.4 million or 30 cents per share. The company had earned 34 cents a share in the reported quarter, unadjusted for a goodwill impairment charge of 4 cents per share. The results were below the Zacks Consensus Estimate of 37 cents. The company had incurred a loss of $4.6 million or 11 cents in the prior-year quarter. Results reflect the benefits of cost-containment measures and improved gross margin.
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| China Unicom Profit Falls On Costs Posted: 27 Aug 2010 08:05 AM PDT China Unicom (NYSE:CHU), China ’s second largest mobile operator, announced its first half 2010 results with earnings per share of RMB 0.11 ($0.016 per share) falling 61.6% year over year. Adjusted net income plunged 62.2% year over year to RMB 2.11 billion ($0.31 billion) driven by higher spending on mobile phone subsidies.
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| Buying Votes In Arkansas With Our Money Posted: 27 Aug 2010 06:21 AM PDT Intrade contract for Blanche Lincoln to win, odds now at 5.5%, down from 70% a year ago (click to enlarge): From today’s Wall Street Journal: “Arkansas Senator Blanche Lincoln is down 20 points in the polls, but the Democrat is apparently going to go down swinging—with $1.5 billion of your money. She is the spending problem, in profile. Last year heavy rain damaged cotton and rice crops across the South. The 2008 farm bill, passed by a Democratic Congress, created the Supplemental Revenue … [visit site to read more]
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