Daily Markets - School Specialty Upgraded |
- School Specialty Upgraded
- Another Navy Deal For Raytheon
- Northrop Inaugurates IRCM Center
- Steel ETFs Likely To Decline
- Spending Rises Faster Than Income
- Mexican Mobile Market Gathers Steam
- Johnson Wins German Contract
- Incyte Evenly Poised
- Lender Processing Stays At Neutral
- Cypress Bioscience Inks Deal
- Ford Recalls 575,000 Windstars
- Pitney Bowes Partners Bibliotheca
- Roche Cancer Drug Hits Roadblock
- Intel Eyes Infineon Wireless Unit
- Virgin Media Buying Back Shares
- IBM Takes Over AT&T Unit
- Precision Castparts Upgraded
- Forex Trading: GBPUSD Approaching Support At 1.5451
- Second Solar Deal For Sempra
- Alere & AirStrip Collaborate
- Forex Trading: USDCAD Moves Toward The 100 Hour MA Resistance At 1.0569
- Australian Dollar: Bullish Bias Above 1095
- Canadian Dollar: Bullish Bias Above 1035
- Is The Long-Term Bull Market In Cocoa Coming To An End?
- What Really Happened At Stanford Financial?
- UAUA-CAL Gets U.S. Approval
- Schlumberger Completes Smith Merger
- Forex Trading: GBPUSD Breaks Below Support And Extends The Daily Range. 1.5451 Key Support
- Bruce Berkowitz On Consuelo Mack WealthTrack
- Navigating The Hazards
| Posted: 30 Aug 2010 11:05 AM PDT We recently upgraded our recommendation on School Specialty Inc. (NASDAQ:SCHS) to Neutral with a target price of $14.00. Earlier, we had an Underperform rating on the stock.
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| Another Navy Deal For Raytheon Posted: 30 Aug 2010 11:05 AM PDT Defense contractor Raytheon Company (NYSE:RTN) announced that it received a contract worth $55.4 million from the U.S. Navy for production of a test site for the Aegis missile-defense system.
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| Northrop Inaugurates IRCM Center Posted: 30 Aug 2010 10:35 AM PDT Northrop Grumman Corporation (NYSE:NOC) announced the inauguration of its new infrared countermeasures (IRCM) sustainment center in Warner Robins, Ga.
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| Posted: 30 Aug 2010 10:17 AM PDT Imbalances in global microeconomic forces are expected to take their toll on the steel industry providing negative price support for the metal exposing the Market Vectors Steel ETF (SLX) and the PowerShares Global Steel (NASDAQ:PSTL) to feel the wrath.
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| Spending Rises Faster Than Income Posted: 30 Aug 2010 10:05 AM PDT In July, Personal Income rose 0.2%, after being unchanged in June, but still slower than the increase in either May (up 0.3%) or April (up 0.5%). It was also slightly below the consensus expectation of a 0.3% increase. Meanwhile, Personal Consumption Expenditures (PCE) rose by 0.4%, slightly higher than the consensus expectation of a 0.3% rise. That is a significant acceleration from the unchanged reading in June and well above the rise of 0.1% in May and the 0.1% decline in April. Of course, … [visit site to read more]
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| Mexican Mobile Market Gathers Steam Posted: 30 Aug 2010 10:05 AM PDT The wireless communications market in Mexico suddenly becomes highly competitive. Recent move by the Mexican Government to conduct auctions for both fiber optic strands and wireless spectrums are aimed to boost competition in the country's telecom market, which was highly monopolized by the two companies controlled by billionaire Carlos Slim. This airwave and fiber-optic bandwidth auction resulted in increased competition in the Mexican wireless segment.
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| Posted: 30 Aug 2010 10:05 AM PDT Johnson Controls Inc. (NYSE:JCI) has won a 10-year energy performance contract with the German Army valued at €1.3 million ($1.7 million). Under the deal, Johnson will modernize the army's Oranienstein base in Diez. The project has already started and is slated to complete by the end of this year. Johnson has been entrusted with the task to reduce energy costs at the army base that are about €475,000 ($606,000) per year currently. It will also upgrade the lighting and improve the building … [visit site to read more]
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| Posted: 30 Aug 2010 10:05 AM PDT We are maintaining our Neutral recommendation on Incyte Corporation (NASDAQ:INCY) with a target price of $13. Incyte is a Wilmington, Delaware based drug discovery and development company with a focus on oral compounds to treat HIV, inflammation, cancer and diabetes. The company has transformed itself from a genomic-based information supplier to a fully integrated drug discovery and development organization. The company’s lead compound, INCB18424, an oral janus-associated kinases (JAK) antagonist … [visit site to read more]
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| Lender Processing Stays At Neutral Posted: 30 Aug 2010 10:05 AM PDT We are reiterating our Neutral recommendation on Lender Processing Services Inc. (NYSE:LPS), following the company's earnings release. The company is a provider of integrated technology and outsourced services to the mortgage lending industry.
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| Posted: 30 Aug 2010 09:35 AM PDT Recently, Cypress Bioscience, Inc. (NASDAQ:CYPB) announced that it has inked a deal with Marina Biotech, Inc. (NASDAQ:MRNA). The deal, which allows Cypress to acquire Marina's patent rights and technology for autism candidate, carbetocin, is expected to boost the central nervous system pipeline (CNS) at Cypress. The asset purchase agreement will see Cypress making an upfront payment of $750,000 to Marina. However, the value of the deal can increase to $27 million subject to the attainment of certain … [visit site to read more]
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| Ford Recalls 575,000 Windstars Posted: 30 Aug 2010 09:35 AM PDT Ford Motor Co. (NYSE:F) will recall 575,000 units of its Windstar vans in the cold weather states in the U.S. and Canada due to a problem with their rear axle. The National Highway Traffic Safety Administration (NHTSA) began an investigation into the problem during May this year and found that the rear axle of the vehicles appears to collect road slush, leading to rust. NHTSA received 234 complaints of rear axle fractures and reports of 2 minor crashes related to the problem in the vehicles … [visit site to read more]
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| Pitney Bowes Partners Bibliotheca Posted: 30 Aug 2010 09:35 AM PDT Pitney Bowes Inc. (NYSE:PBI) has entered into partnership with Bibliotheca Inc to expand geographical reach and provide all library customers in the United States with the latter's resources. Pitney Bowes aims to enhance after-sales service and technical support capabilities of Bibliotheca as well.
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| Roche Cancer Drug Hits Roadblock Posted: 30 Aug 2010 09:35 AM PDT Roche Holdings Ltd. (RHHBY) recently announced that the US Food and Drug Administration (FDA) refused to accept the company's Biologics License Application (BLA) seeking accelerated approval for its breast cancer treatment trastuzmab-DM1 (T-DM1). The BLA was submitted in July on the basis of mid-stage trial results. The data demonstrated that the candidate reduced the size of tumors in a third of women with advanced HER2-positive breast cancer. On an average, these women received seven … [visit site to read more]
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| Intel Eyes Infineon Wireless Unit Posted: 30 Aug 2010 09:05 AM PDT Intel Corp., (NASDAQ:INTC) which recently acquired security-software maker McAfee Inc. (NYSE:MFE) in a $7.68 billion transaction, is believed to be nearing a deal to acquire the wireless business of Infineon Technologies. Infineon, a German semiconductor company, is known for its processors used in smartphones made by Apple Inc. (NASDAQ:AAPL), Nokia (NYSE:NOK), Research In Motion (NASDAQ:RIMM) and Samsung Electronics. The increased focus on the emerging mobile device market is perhaps Intel's way of pre-empting … [visit site to read more]
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| Virgin Media Buying Back Shares Posted: 30 Aug 2010 09:05 AM PDT Virgin Media Inc. (NASDAQ:VMED), a leading cable MSO and broadband service provider in the U.K., is aggressively conducting share repurchase program, which was aimed to raise its shareholders' wealth. On July 28, 2010, Virgin Media announced that the company has targeted a leverage ratio of Net Debt-to-Operating Cash Flow of approximately 3.0x within the next 2-3 years. Management will try to achieve this target leverage ratio through strong free cash flow generation as well as certain capital … [visit site to read more]
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| Posted: 30 Aug 2010 09:05 AM PDT International Business Machines Corp. (NYSE:IBM) completed the acquisition of AT&T Inc.'s (NYSE:T) Sterling Commerce unit. As previously announced in May 2010, IBM signed a definitive agreement to buy Dublin, Ohio-based Sterling Commerce for $1.4 billion in cash. AT&T expects to record a gain of about $800.0 million in the third quarter 2010 as a result of the sale.
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| Posted: 30 Aug 2010 09:05 AM PDT International credit rating agency Standard & Poor’s has upgraded the rating on Precision Castparts Corp's(NYSE:PCP) long-term corporate debt to 'A-" from "BBB+" with a stable outlook. The agency has upgraded its rating on the company's short-term debt by a notch from "A-2" to "A-1".
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| Forex Trading: GBPUSD Approaching Support At 1.5451 Posted: 30 Aug 2010 08:37 AM PDT There is a couple of reasons for support at the 1.5451 level. One is the trendline off the lows on the hourly chart and the second is the 200 day MA at the same level off the daily chart. A break will target the lows from last week and the 1.5321 level (see chart below). Look for buyers against the level. When there are a couple reasons for a level (1.5451) to be of importance and the reasons are from different charts it provides a better level to trade … [visit site to read more]
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| Posted: 30 Aug 2010 08:35 AM PDT Sempra Energy (NYSE:SRE), through one of its subsidiary San Diego Gas & Electric (SDG&E), has signed a 20-year power purchase agreement (PPA) with LS Power to secure additional 45 megawatts (MW) of solar energy from the upcoming Centinela Solar Energy facility. The contract, valid till 2034, requires approval from the California Public Utilities Commission.
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| Posted: 30 Aug 2010 08:35 AM PDT Alere Health LLC, a provider of personal health support solutions and a division of Alere Inc. (ALR), recently announced its collaboration agreement with AirStrip Technologies, a developer of mobile medical software services.
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| Forex Trading: USDCAD Moves Toward The 100 Hour MA Resistance At 1.0569 Posted: 30 Aug 2010 08:25 AM PDT |
| Australian Dollar: Bullish Bias Above 1095 Posted: 30 Aug 2010 08:18 AM PDT |
| Canadian Dollar: Bullish Bias Above 1035 Posted: 30 Aug 2010 08:18 AM PDT |
| Is The Long-Term Bull Market In Cocoa Coming To An End? Posted: 30 Aug 2010 08:17 AM PDT Fundamentals
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| What Really Happened At Stanford Financial? Posted: 30 Aug 2010 08:05 AM PDT Is this game of life a total mystery? In many respects, life is a mystery. While there are many aspects of life we may never fully understand, there are many elements of life for which we can gain greater understanding through research, study, transparency and disclosure.
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| Posted: 30 Aug 2010 08:05 AM PDT The pending merger of United Airlines, a wholly owned subsidiary of UAL Corp. (NASDAQ:UAUA), and Continental Airlines (NYSE:CAL) cleared its one of the major deterrents in its transaction, which was announced on May 3.
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| Schlumberger Completes Smith Merger Posted: 30 Aug 2010 08:05 AM PDT Schlumberger Limited (NYSE:SLB) completed its proposed merger with Smith International Inc. (NYSE:SII) last Friday. The closure of the deal follows Smith shareholders' vote in favor of the merger on August 24.
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| Forex Trading: GBPUSD Breaks Below Support And Extends The Daily Range. 1.5451 Key Support Posted: 30 Aug 2010 07:52 AM PDT |
| Bruce Berkowitz On Consuelo Mack WealthTrack Posted: 30 Aug 2010 07:23 AM PDT Bruce Berkowitz I have been very busy lately so I have been posting less articles recently, and more videos. However, all the videos I post I think are extremely informative. When my schedule gets a bit more free in about a week or so I will be posting more original content articles.
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| Posted: 30 Aug 2010 06:03 AM PDT Because of popular demand …. and a fortuitous turn in the market on Friday …. I’m updating the stats on the Lunar Cycle/Stock Market phenomena. The last phase, which was waxing to full that ended on August 24, last Tuesday, saw the market decline a higher than average 6.17%. That brings the Moon’s batting average to 70.8% on a rolling 12-mos. basis and 76.9% cumulatively since this race began over a year ago. The next phase ends on Wednesday, September 8. Due to the Labor Day holiday, … [visit site to read more]
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