Daily Markets - Stock Picks For Thursday 19 August: US Steel, Hemispherx Biopharma, Generex Biotechnology |
- Stock Picks For Thursday 19 August: US Steel, Hemispherx Biopharma, Generex Biotechnology
- A Light Day For Fundamentals Doesn’t Prevent Gold And Oil Volatility
- U.S. One Expands Exemptive Relief And Plans New Active ETF
- Marathon Continues To Be Neutral
- Terex Expands In China
- Forex Trading: GBP/JPY Finding Resistance From 100 HR MAVG
- Baker Hughes Acquires Tanroc
- Who Benefits If The Tax Cuts Are Extended?
- Emerson To Divest Businesses
- Foster Wheeler Upgraded
- Suntech Q2 Hit By Charges
- How To Have A Mix Of Bonds And Stocks In Your Portfolio
- Seattle Shipping Boom: +48% Gain YTD From 2009
- UCITS III Fund From Morgan Stanley
- Nelnet’s Rating Outlook Upgraded
- Citi Trends Disappoints, Shares Plunge
- BioMarin Acquires Zystor
- Roche Valcyte Approved For Longer Use
- HP To Acquire Fortify Software
- Trubion Pharma Trims Loss
- Autoliv Hikes Dividend
- Cypress Rejects Ramius Again
- Buffalo Wild Wings Upgraded
- Transportation ETFs May See Sunshine
- Mitt Romney’s Wet-Noodle Economics
- Head And Shoulder Reversal Chart Pattern?
| Stock Picks For Thursday 19 August: US Steel, Hemispherx Biopharma, Generex Biotechnology Posted: 18 Aug 2010 06:16 PM PDT ( click to enlarge ) US Steel (NYSE:X) made a great move today and was with an increase in volume, which shows us there are buyers in the stock. The resistance level for the stock is $50.35 ( 200-day moving average ), but don’t be surprised to see some additional resistance at the $50.59, which was the high of the day. The stock is probably back to uptrend and with KD rising we could see possible rally coming for the stock. Let’s keep an eye on X as i think momentum will pick up. ( … [visit site to read more]
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| A Light Day For Fundamentals Doesn’t Prevent Gold And Oil Volatility Posted: 18 Aug 2010 05:51 PM PDT North American Commodity Update
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| U.S. One Expands Exemptive Relief And Plans New Active ETF Posted: 18 Aug 2010 05:50 PM PDT U.S. One filed with the SEC on Aug 18th, to expand the exemptive relief for its ETF family that will allow them to offer ETFs that invest in individual US and foreign listed securities, if approved. The firm's existing relief only allows it to invest in other US listed ETFs. This essentially means that U.S. One can now offer actively-managed ETFs that can pick and choose individual stocks and bonds to invest in, instead of having a strict fund-of-funds structure like its existing Active ETF … [visit site to read more]
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| Marathon Continues To Be Neutral Posted: 18 Aug 2010 04:05 PM PDT We have retained our Neutral recommendation for Marathon Oil Corporation (NYSE:MRO) following its second-quarter earnings release. Our decision reflects the leading integrated oil and gas company’s strong operational performance and array of development projects, partially offset by the volatile oil and gas prices along with macro-economic factors.
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| Posted: 18 Aug 2010 04:05 PM PDT Terex Corp. (NYSE:TEX) is expanding its presence in China as is evident from these two announcements — its move to acquire a 65% control of privately held, Jinan-based crane maker Shandong Topower Heavy Machinery Company and a joint venture agreement with Fujian South Highway Machinery Company to establish a mobile materials processing equipment manufacturing in Quanzhou, China.
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| Forex Trading: GBP/JPY Finding Resistance From 100 HR MAVG Posted: 18 Aug 2010 04:05 PM PDT The GBP/JPY has found resistance from the 100 hr moving average several times since last Friday, and in this thin market between U.S. and Asian trading sessions we will see if the pair can test the line again. It should also be noted on the hourly chart below that the pair has also found support both last week and this week around the 132.91 … [visit site to read more]
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| Posted: 18 Aug 2010 04:05 PM PDT Baker Hughes Inc. (NYSE:BHI) acquired oilfield equipment and service supplier Tanroc, which served as the Canadian distributor for the company’s LIFTEQ systems prior to its acquisition.
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| Who Benefits If The Tax Cuts Are Extended? Posted: 18 Aug 2010 03:05 PM PDT One of the biggest topics on the agenda when Congress gets back from its summer vacation is going to be: What to do about the Bush Tax cuts that are going to expire. The GOP has argued that we need to keep all of them in place. The Obama administration has called for repealing them just for those that are making over $200,000 a year as individuals or $250,000 per year for couples.
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| Posted: 18 Aug 2010 02:05 PM PDT Emerson Electric Company (NYSE:EMR) entered into an agreement with Tokyo-based Nidec Corporation (Nidec) to sell its Motors and Appliance Controls businesses. These businesses include two of Emerson's Motor Company, Emerson's Commercial and Industrial Motors ("CIM") and Emerson Appliance Motors and Controls ("EAMC").
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| Posted: 18 Aug 2010 02:05 PM PDT International credit rating agency Standard & Poor’s upgraded the rating on Foster Wheeler AG's (NASDAQ:FWLT) corporate debt to investment grade. The current "BBB-" rating is a notch higher than the previous "BB+" non-investment grade rating awarded by the same agency.
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| Posted: 18 Aug 2010 02:05 PM PDT Suntech Power Holdings Company Ltd. (NYSE:STP) posted a second quarter loss of 97 cents per American Depository Share (EPADS) compared to earnings of 6 cents in the year-ago quarter. However, results in the reported quarter were affected by non-cash impairment charges and provisions, which reduced EPADS by $1. The Zacks Consensus Estimate was pegged at a profit of 8 cents per EPADS for the reported quarter.
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| How To Have A Mix Of Bonds And Stocks In Your Portfolio Posted: 18 Aug 2010 02:01 PM PDT With the stock market unsteady, don’t overlook the value of adding bonds to your portfolio. They provide income and are more reliable than equities. Indeed, bonds have had a strong run up in the past decade - so strong, in fact, that many investors are afraid they’ve entered bubble territory. But not Albert Edwards, chief strategist at the old-school French bank Societe Generale SA (PINK: SCGLY). Edwards isn’t your typical white-shoe analyst. Guys in his position tend to have a … [visit site to read more]
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| Seattle Shipping Boom: +48% Gain YTD From 2009 Posted: 18 Aug 2010 01:59 PM PDT The chart above shows monthly shipping volume (TEUs = twenty-foot equivalent units, data here) at the Port of Seattle (America’s 10th largest port, and third largest port on the West Coast). Shipping volume for July (219,349TEUs) was 61.7% above last year’s shipping in July, and this follows year-to-year increases of 49% in June, 57.38% in May, 57.2% in April, 39.4% in March, 48.2% in February and 21.7% in January. Year-to-date, shipping volume through July at the Seattle port is 47.9% … [visit site to read more]
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| UCITS III Fund From Morgan Stanley Posted: 18 Aug 2010 01:35 PM PDT On Monday, Morgan Stanley (NYSE:MS) announced the launch of its first Undertakings for Collective Investment in Transferable Securities (UCITS) III Fund.
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| Nelnet’s Rating Outlook Upgraded Posted: 18 Aug 2010 01:35 PM PDT The rating outlook of Nelnet Inc. (NYSE:NNI) was upgraded to "Stable" from "Negative" by Standard & Poor’s Ratings Services yesterday. The revision is based on Nelnet's efforts to reduce its debt levels and growth in its fee-income businesses. The company's investment-grade “BBB-” long-term counterparty credit rating was affirmed by the rating agency.
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| Citi Trends Disappoints, Shares Plunge Posted: 18 Aug 2010 01:35 PM PDT Citi Trends Inc. (NASDAQ:CTRN) reported sluggish fiscal 2010 second-quarter results before the opening bell on Wednesday. The company's net loss widened to $567,000 from a loss of $69,000 in the year-ago quarter. Loss per share came in at 4 cents, behind the Zacks Consensus Estimate for a profit of 7 cents per share. Citi Trends further disappointed investors by slashing its guidance for fiscal 2011 by a significant margin. The company now expects earnings of $1.60 to $1.70 per share on … [visit site to read more]
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| Posted: 18 Aug 2010 01:05 PM PDT Recently, BioMarin Pharmaceutical Inc. (NASDAQ:BMRN) bought privately-held ZyStor Therapeutics Inc. to boost its portfolio of enzyme replacement therapies. ZyStor specialized in the development of enzyme replacement therapies for treating lysosomal storage disorders. The deal is worth up to $115 million. Specifically, the Milwaukee, Wisconsin-based ZyStor was purchased for an upfront payment of $22 million. BioMarin stands to pay up to an additional $93 million on the achievement of certain … [visit site to read more]
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| Roche Valcyte Approved For Longer Use Posted: 18 Aug 2010 01:05 PM PDT Roche Holdings Ltd. (RHHBY) recently announced that the US Food and Drug Administration (FDA) approved prolonging the duration of therapy with Valcyte in adult patients who have undergone a kidney transplant and are at a high risk of cytomegalovirus (CMV) disease. Results from the IMPACT (IMproved Protection Against Cytomegalovirus in Transplant) study supported the approval of Valcyte for extended use. One year results showed that the occurrence of CMV in patients treated with Valcyte over … [visit site to read more]
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| HP To Acquire Fortify Software Posted: 18 Aug 2010 01:05 PM PDT Hewlett-Packard Co. (NYSE:HPQ) recently announced that it will acquire privately-held software company Fortify Software. The company did not disclose the terms of the deal. This acquisition will enhance HP's product portfolio, and enable the tech major to serve its customers better by mitigating their business risks, maintaining the specification required for compliance regulations and by protecting them against malicious application attacks. This acquisition integrates Fortify's expertise … [visit site to read more]
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| Posted: 18 Aug 2010 12:35 PM PDT Trubion Pharmaceuticals Inc. (NASDAQ:TRBN) posted a loss of 28 cents per share during the second quarter of 2010, narrower than the Zacks Consensus Estimate for a loss of 34 cents and also narrower than the year-ago loss of 37 cents. Higher revenues earned during the quarter helped trim the loss.
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| Posted: 18 Aug 2010 12:35 PM PDT Autoliv Inc. (NYSE:ALV) raised its quarterly dividend payment by 17% to 35 cents per share for the fourth quarter. The increased dividend will be paid on Dec 9, 2010 to shareholders of record as of Nov 4, 2010.
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| Posted: 18 Aug 2010 12:35 PM PDT Cypress Bioscience Inc. (NASDAQ:CYPB) recently announced that its Board of Directors rejected Ramius LLC's acquisition proposal, terming it as inadequate and not in the best interest of shareholders.
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| Posted: 18 Aug 2010 12:35 PM PDT We are upgrading our rating on Buffalo Wild Wings Inc. (NASDAQ:BWLD) to Outperform.
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| Transportation ETFs May See Sunshine Posted: 18 Aug 2010 12:17 PM PDT As healthy economic growth in Asia and signs of slow growth in most of the rest of the world have pushed the International Monetary Fund (NYSE:IMF) to upgrade its global growth forecast to 4.6% for 2010, the transportation sector may be positioned to reap the benefits.
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| Mitt Romney’s Wet-Noodle Economics Posted: 18 Aug 2010 11:13 AM PDT Mitt Romney is smart enough not to join Newt Gingrich and Sarah Palin in using the proposed mosque at Ground Zero to to lauch a presidential bid. While Gingrich is busy comparing Muslims to Nazis ("Nazis don't have the right to put up a sign next to the holocaust museum in Washington"), and Palin is calling on New Yorkers to "refudiate" the plan (she subsequently corrected her word choice), Romney is offering an economic plan.
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| Head And Shoulder Reversal Chart Pattern? Posted: 18 Aug 2010 10:07 AM PDT As the week began, everyone was talking about the Hindenburg Omen. Granted, it’s a clever choice of name but probably indicates little else. Anyone creative enough can come up with a bunch of disparate, unrelated and rather arbitrary metrics and by way of testing its efficacy over some time period in some contrived combination and prove that they work, they signal a subsequent market decline and unspecified time in the future.
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