Daily Markets - Schlumberger Stays Neutral
Daily Markets - Schlumberger Stays Neutral |
- Schlumberger Stays Neutral
- Raytheon Wins Dual Contracts
- CE Mark Approval For Endologix
- Honeywell Wins Air Force Contract
- Political Stumble For AIG Unit Sale
- FTI: Electricity Consulting Group
- Pepco Embarks On $7.5M Retrofit Deal
- What To Expect From Apple Tomorrow
- Covidien Wraps Up Asset Sale
- Forex Trading: USDCHF Bottoms? Hits January 2009 Lows And Bounces…a Little
- Starwood Expands In China
- JDS Uniphase To Outperform
- 30 Statistics Showing The Elite Are Getting Richer, The Poor Getting Poorer And The Middle Class Is Being Squeezed
- Forex Trading: GBPUSD Reached Fibo Support Target At 1.5321
- Australian Dollar: Bullish Bias Above 1095
- Canadian Dollar: Bullish Bias Above 1035
- Gold Tug-O-War
- 3M To Acquire Cognet
- CEMEX Reduces Debt
- Mid-America Acquires In Dallas
- Harris Increases Dividend
- Forex Trading: EURUSD Tests 100 Hour MA At 1.2696
| Posted: 31 Aug 2010 09:35 AM PDT Following the completion of the Smith International Inc. (NYSE:SII) merger, we maintain our Neutral recommendation for Schlumberger Limited (NYSE:SLB) shares as we believe that the investment case has not changed to that tune. While the merger diversifies the company's offerings, the gap with its competitors have been reducing significantly in recent times.
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| Posted: 31 Aug 2010 09:20 AM PDT The National Aeronautics and Space Administration (NASA) has awarded a contract worth $120 million to a subsidiary of Raytheon Company (NYSE:RTN). Per the contract, the subsidiary, Raytheon Technical Services Company, will support facilities and operations for astronaut training at NASA’s Johnson Space Center (JSC) and Sonny Carter Training Facility in Houston. The tenure of the contract begins from Oct 1, 2010, and lasts through Sep 30, 2015. The contract calls for Technical Services Company … [visit site to read more]
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| CE Mark Approval For Endologix Posted: 31 Aug 2010 09:20 AM PDT Recently, Endologix (NASDAQ:ELGX), a developer of minimally invasive treatments for aortic disorders, received CE Mark approval for its expanded offering of Powerlink stent graft products and PowerFit aortic extensions. While the company is planning for a limited launch of the products during the fourth quarter of 2010, full product launch is expected in 2011. Following the approval of the expanded Powerlink products, the targeted patient population is expected to rise by 5%-10%. Endologix has … [visit site to read more]
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| Honeywell Wins Air Force Contract Posted: 31 Aug 2010 09:20 AM PDT Honeywell International Inc. (NYSE:HON) announced that it has been mandated to provide systems, maintenance engineering and associated services for the Air Force Satellite Control Network in a contract worth $219.4 million. Honeywell Technology Solutions, based at Colorado Springs, Colorado, was chosen for the contract. Honeywell is a leading supplier of electronics, consumable hardware, engine controls, environmental controls, landing systems, power systems, propulsion engines, aerospace … [visit site to read more]
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| Political Stumble For AIG Unit Sale Posted: 31 Aug 2010 09:10 AM PDT Earlier today, Taiwanese regulators rejected American International Group Inc.'s (NYSE:AIG) bid to sell its Taiwanese unit Nan Shan Life Insurance Co. to a Hong-Kong based consortium, according to Reuters. The $2.15 billion bid by the consortium, which comprises Primus Financial Holdings Ltd., a Chinese investment firm, and China Strategic Holding Ltd., a battery maker, was rejected citing political concerns in the country. The buyers can file an appeal to the Cabinet within 30 days. AIG had … [visit site to read more]
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| FTI: Electricity Consulting Group Posted: 31 Aug 2010 09:10 AM PDT FTI Consulting Inc. (NYSE:FCN), the global business advisory firm, recently announced that it formed a consulting group for businesses operating or investing in the power industry. Simultaneously, the company hired industry veterans, Jim Drzemiecki and Tanya Bodell, to its Economic Consulting practice in order to form the Electricity Consulting Group.
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| Pepco Embarks On $7.5M Retrofit Deal Posted: 31 Aug 2010 09:10 AM PDT Pepco Energy Services, a subsidiary of Pepco Holdings Inc. (NYSE:POM), has won a $7.5 million competitive bid contract to apply energy efficiency retrofit at the One Judiciary Square facility in Washington, D.C. The contract was awarded by the District of Columbia's Department of Real Estate Services (DRES). Under the project, Pepco Energy Services will install a building management system, direct digital controls and HVAC upgrades. This project is expected to create 16 full-time construction … [visit site to read more]
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| What To Expect From Apple Tomorrow Posted: 31 Aug 2010 08:55 AM PDT Apple Inc. (NASDAQ:AAPL) has sent out invitations to the media and analysts to its technology event scheduled to be held in San Francisco tomorrow, September 1st. The company has traditionally used this platform to unveil new products and revamp or refresh its existing products — particularly the iPod and iTunes lines — for the holiday season. Although the company has remained silent regarding the products to be announced, it is widely believed that Apple will use the event to announce major … [visit site to read more]
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| Posted: 31 Aug 2010 08:55 AM PDT Ireland-based healthcare product maker Covidien plc (NYSE:COV) has reportedly completed the divestiture of its Specialty Chemicals business, which manufactures and sells high-purity chemicals and related products for scientific research, electronics and environmental testing.
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| Forex Trading: USDCHF Bottoms? Hits January 2009 Lows And Bounces…a Little Posted: 31 Aug 2010 08:45 AM PDT The last time the USDCHF was at the levels reached today was in January of 2009. The low at that time extended to 1.0130. Today, the low has reached 1.0134. The bounce off the low - albeit modest - has as much to do with the risk versus the fundamental reasons. The risk is a break below the 1.0130. The reward would be if the level remains as the low and short covering takes the pair back up toward the 1.0190 as the 1st target. I would expect the downside pickers to continue to look to … [visit site to read more]
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| Posted: 31 Aug 2010 08:35 AM PDT Starwood Hotels & Resorts Worldwide Inc. (NYSE:HOT) recently announced that its largest brand Sheraton Hotels & Resorts plans to open 8 more hotels in China by year end and another 18 by 2015 citing huge, underlying growth potential in that country. Starwood inaugurated its thirtieth Sheraton hotel in Greater China this month, bringing the total number of properties in the country to 60.
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| Posted: 31 Aug 2010 08:35 AM PDT We initiate coverage on JDS Uniphase Corp. (NASDAQ:JDSU) with an Outperform recommendation. The company is gradually accelerating its top-line growth driven by significant contribution from its optical networking equipment coupled with the recent acquisition of network solutions products of Agilent. Fourth quarter fiscal 2010 financial results were slightly below the Zacks Consensus Estimates. Nevertheless, management has given a strong financial outlook.
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| Posted: 31 Aug 2010 08:30 AM PDT Not everyone has been doing badly during the economic turmoil of the last few years. In fact, there are some Americans that are doing really, really well. While the vast majority of us struggle, there is one small segment of society that is seemingly doing better than ever. This was reflected in a recent article on CNBC in which it was noted that companies that cater to average Americans are doing rather poorly right now while companies that market luxury goods and services are … [visit site to read more]
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| Forex Trading: GBPUSD Reached Fibo Support Target At 1.5321 Posted: 31 Aug 2010 08:23 AM PDT |
| Australian Dollar: Bullish Bias Above 1095 Posted: 31 Aug 2010 08:18 AM PDT |
| Canadian Dollar: Bullish Bias Above 1035 Posted: 31 Aug 2010 08:18 AM PDT |
| Posted: 31 Aug 2010 08:17 AM PDT Fundamentals
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| Posted: 31 Aug 2010 08:05 AM PDT 3M Company (NYSE:MMM) stated its intention to acquire Cognet Inc, makers of finger and palm print readers, in an all-cash deal worth $943 million. The target company also manufactures eye and face recognition devices utilized by various security agencies.
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| Posted: 31 Aug 2010 08:05 AM PDT Mexican cement maker, CEMEX, S.A.B. de C.V. (NYSE:CX) completed the sale of its assets in Kentucky to Bluegrass Materials Company, LLC, a subsidiary of Panadero Aggregates Holdings LLC, for $90 million.
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| Mid-America Acquires In Dallas Posted: 31 Aug 2010 08:05 AM PDT Mid-America Apartment Communities Inc. (NYSE:MAA), an apartment-only real estate investment trust (REIT), recently acquired Times Square at Craig Ranch, an upscale 313-unit apartment community in Dallas, Texas MSA (Metropolitan Statistical Area) for $31.25 million.
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| Posted: 31 Aug 2010 08:05 AM PDT Harris Corporation (NYSE:HRS) increased its quarterly cash dividend to 25 cents per share versus a prior quarterly dividend of 22 cents per share, which will be paid on September 17, 2010, to shareholders of record as of September 8, 2010. The annual dividend rate also increased from 88 cents per share to $1.00 per share.
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| Forex Trading: EURUSD Tests 100 Hour MA At 1.2696 Posted: 31 Aug 2010 07:47 AM PDT Action will continue to be influenced by month end flows. 1.2712 now upside resistance = 100 day MA
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