Daily Markets - Stock Picks For Wednesday 18 August: Dendreon, Pacific Ethanol, Generex Biotechnology
Daily Markets - Stock Picks For Wednesday 18 August: Dendreon, Pacific Ethanol, Generex Biotechnology |
- Stock Picks For Wednesday 18 August: Dendreon, Pacific Ethanol, Generex Biotechnology
- Less Than Meets The Eye
- Speculative Interests May Have Shifted But Gold And Oil Are Little Changed
- Microsoft & IBM: Potential Suitors For HP
- TJX Meets, Lifts Outlook
- Chevron Strikes Again In Australia
- Lockheed Martin Wins $113M In Contracts
- Devon Realigning Production Assets
- NCR Corp. Signs Barclays Deal
- Janus Capital Reiterated At Neutral
- Earnings Scorecard: Advance Auto Parts
- Celgene Evenly Poised
- Cardinal And Cumberland Ink Deal
- Gold Continues To Shine
- Earnings Scorecard: Red Robin
- Torchmark Corp. Boosts Dividend
- Ardea Remains Neutral
- Real Compensation Increase From 2000 To 2009: Miltary (84%) Vs. Federal (37%) Vs. Private (9%)
- Deflation Diverted Or Delayed?
- Upgrading Tower To Neutral
- Why Growth Is Good
- Panasonic Expands VIERA Series
- Hasbro Stays Neutral
- St. Jude Recalls Introducer Device
- L-3 Communications Wins Contracts
- ND’s Record-Setting Oil Production Fuels Economic Boom With Record Employment, 3.6% Jobless Rate
| Stock Picks For Wednesday 18 August: Dendreon, Pacific Ethanol, Generex Biotechnology Posted: 17 Aug 2010 06:15 PM PDT ( click to enlarge ) Dendreon Corporation (NASDAQ:DNDN) - The stock continued its bullish momentum today, gaining more than 1% to $37.76 with 2 million shares traded. Looking at the technical chart above we can see price break above the trend line resistance indicating potential bullishness targeting $40 in nearest term. The immediate support is now at $37.21. Only a break below that area could trigger further bearish pressure, testing the minor trendline support at $35.96 area but as … [visit site to read more]
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| Posted: 17 Aug 2010 05:41 PM PDT In my latest effort for DailyFinance, “Latest Fed Data: A Worrisome Case of Deja-vu?,” I discuss the large disparity between two related statistical series, industrial production and capacity utilization, and what it might mean for the economy going forward. Needless to say, I believe there’s less to today’s ostensibly positive data than meets the eye.
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| Speculative Interests May Have Shifted But Gold And Oil Are Little Changed Posted: 17 Aug 2010 05:11 PM PDT North American Commodity Update
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| Microsoft & IBM: Potential Suitors For HP Posted: 17 Aug 2010 04:58 PM PDT The longer HP languishes at the $41 a share level, the more likely they become a takeover target. Well, the fact that HP currently doesn`t have a CEO, and the fact that they are dirt cheap with regards to stock price to book value makes them vulnerable. After all, when HP is trading at $55 a share, and any takeover requires a hefty premium of at least 20% to actually get a non-hostile bid to be accepted by the board and shareholders, this becomes a huge roadblock to a M&A deal being … [visit site to read more]
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| Posted: 17 Aug 2010 04:35 PM PDT The TJX Companies Inc.’s (NYSE:TJX) fiscal second-quarter GAAP earnings grew 16.6% to $305 million from $262 million in the year-ago period. Excluding special items, adjusted earnings came in at 73 cents per share, matching the Zacks Consensus Estimate, but well ahead of 61 cents posted in the year-ago quarter.
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| Chevron Strikes Again In Australia Posted: 17 Aug 2010 04:05 PM PDT Integrated oil and gas giant Chevron Corp. (NYSE:CVX) once again made a successful discovery of natural gas through the Acme-1 exploration well in the hydrocarbon-rich area of the Carnarvon Basin. This happens to be Chevron;s ninth and largest offshore discovery in Western Australia in the last 12 months.
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| Lockheed Martin Wins $113M In Contracts Posted: 17 Aug 2010 04:05 PM PDT Lockheed Martin Corporation (NYSE:LMT) received three contracts from the U.S. Air Force relating to logistics and research, the combined value of which is $113 million.
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| Devon Realigning Production Assets Posted: 17 Aug 2010 02:05 PM PDT Independent oil and gas company Devon Energy Corporation (NYSE:DVN) successfully completed the sale of its ACG field assets to BP Plc (NYSE:BP) for $2 billion. The company's ACG field assets, located offshore Azerbaijan in the Caspian Sea, currently produce nearly 17 thousand barrels of oil per day (MBbls/d).
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| Posted: 17 Aug 2010 02:05 PM PDT Technology and solutions provider NCR Corp. (NYSE:NCR) announced that it would be offering management and maintenance services for Barclays Bank plc's automated teller machines (ATMs). Financial details of this two-year deal were not disclosed.
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| Janus Capital Reiterated At Neutral Posted: 17 Aug 2010 02:05 PM PDT We have reiterated our recommendation on Janus Capital Group Inc. (NYSE:JNS) at Neutral following the company's earnings release. Our decision is based on the company's fundamentals and the current economic scenario.
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| Earnings Scorecard: Advance Auto Parts Posted: 17 Aug 2010 01:35 PM PDT Advance Auto Parts Inc. (NYSE:AAP) reported second-quarter results on August 11, beating the Zacks Consensus Estimate by 14 cents per share. The market reacted favorably, with its share price rising after the release.
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| Posted: 17 Aug 2010 01:35 PM PDT We are maintaining our Neutral recommendation on Celgene Corporation (NASDAQ:CELG) with a target price of $58.
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| Cardinal And Cumberland Ink Deal Posted: 17 Aug 2010 01:35 PM PDT Cardinal Health (NYSE:CAH), one of the largest distributors of pharmaceuticals and medical supplies, has reportedly inked a distribution agreement with Nashville, Tennessee-based Cumberland Pharmaceuticals (CPIX), a specialty pharmaceutical firm focused on the acute-care hospital and gastroenterology markets. Financial terms of the deal were not divulged by the companies.
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| Posted: 17 Aug 2010 01:17 PM PDT As fear of a fragile economic recovery and the possibility of a double dip recession take front row, the appeal for gold and its exchange traded funds [[ETFs]] remains shinny.
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| Posted: 17 Aug 2010 01:05 PM PDT Red Robin Gourmet Burgers Inc. (NASDAQ:RRGB) posted lower-than-expected second quarter 2010 results on August 12, 2010, due to a sales decline in its key market. The recent earnings announcement, subsequent analyst estimate revisions and the Zacks ratings for both the short-term and the long-term are covered in depth below.
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| Torchmark Corp. Boosts Dividend Posted: 17 Aug 2010 01:05 PM PDT The Board of Directors for Torchmark Corp. (NYSE:TMK) authorized a 7% increase in quarterly dividend. Torchmark will now pay a quarterly dividend of 16 cents per share, up from 15 cents per share, paid on July 30, 2010. The increased dividend will be paid on November 1, 2010 to shareholders of record as of October 2, 2010.
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| Posted: 17 Aug 2010 01:05 PM PDT We are maintaining our Neutral recommendation on Ardea Biosciences Inc. (NASDAQ:RDEA) with a target price of $20.
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| Real Compensation Increase From 2000 To 2009: Miltary (84%) Vs. Federal (37%) Vs. Private (9%) Posted: 17 Aug 2010 12:46 PM PDT “Rapidly rising pay and benefits in the armed forces have lifted many military towns into the ranks of the nation’s most affluent communities, a USA TODAY analysis finds. The hometown of the Marines’ Camp Lejeune — Jacksonville, N.C. — soared to the nation’s 32nd-highest income per person in 2009 among the 366 U.S. metropolitan areas, according to Bureau of Economic Analysis (BEA) data. In 2000, it had ranked 287th. The Jacksonville metropolitan area, with a population of 173,064, had the … [visit site to read more]
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| Deflation Diverted Or Delayed? Posted: 17 Aug 2010 12:35 PM PDT In July, the Producer Price Index (PPI) increased by 0.2% from June and was up 4.2% from a year ago. That increase was in line with consensus expectations. The increase comes on the heels of three straight declines and declines in four of the last five months. In June, the headline PPI fell by 0.5% and in May it was down by 0.3%. Still the PPI was running on the hot side last winter so the year-over-year change is a relatively hot 4.2%.
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| Posted: 17 Aug 2010 12:35 PM PDT We are upgrading our recommendation on Tower Group Inc. (NASDAQ:TWGP) to Neutral as we believe the company's earnings will improve during the second half of 2010, following the completion of the acquisition of OneBeacon Insurance Group's Personal Lines division.
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| Posted: 17 Aug 2010 12:33 PM PDT Economic growth is slowing in the United States. It's also slowing in Japan, France, Britain, Italy, Spain, and Canada. It's even slowing in China. And it's likely to be slowing soon in Germany. If governments keep hacking away at their budgets while consumers almost everywhere are becoming more cautious about spending, global demand will shrink to the point where a worldwide dip is inevitable.
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| Panasonic Expands VIERA Series Posted: 17 Aug 2010 12:05 PM PDT A leading manufacturer of High Definition (HD) televisions, Panasonic Corp. (PC) recently launched a new VIERA GT25 series of full HD three dimensional (3D) Plasma televisions, expanding its premier VIERA brand. The GT25 series has 600Hz sub-field drive; 1080 pixel full HD resolution; 1080 lines of moving picture resolution; VIERA Image Viewer (for viewing of digital still images), 24 pixel cinematic playback and a new fast switching phosphors. GT25 Series can convert a two dimensional (2D) … [visit site to read more]
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| Posted: 17 Aug 2010 12:05 PM PDT We maintain our Neutral recommendation on toys and games maker Hasbro Inc. (NYSE:HAS). The company's second-quarter earnings were well ahead of the Zacks Consensus Estimate, primarily driven by tight cost-control initiatives, which more than offset the muted sales performance.
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| St. Jude Recalls Introducer Device Posted: 17 Aug 2010 12:05 PM PDT The FDA issued an urgent Class I recall of several batches of 6 French (6F) Engage Introducer devices of medical devices giant St. Jude medical (NYSE:STJ). The Class I recall is the most serious type of recall as it affects products, which can be potentially hazardous or even cause death. The recall is based on the concern that the 6F Engage Introducer devices have the potential to cause fatal bleeding during their use. The FDA is apprehensive about the possibility of separation of the shaft from … [visit site to read more]
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| L-3 Communications Wins Contracts Posted: 17 Aug 2010 12:05 PM PDT Aerospace and defense operator L-3 Communications Holdings Inc. (NYSE:LLL) won 2 contracts of a combined value of $25 million from the U.S. Army and U.S. Navy.
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| ND’s Record-Setting Oil Production Fuels Economic Boom With Record Employment, 3.6% Jobless Rate Posted: 17 Aug 2010 11:52 AM PDT Following an ongoing pattern that I have been following all year, North Dakota set more new records in June for monthly oil production (see chart above, data here). According to a report earlier this year from Bloomberg, “Drilling advances are enabling producers to tap the Bakken, where rocks lack the porosity and permeability of conventional oil fields. The Bakken contributed to last year's 7.5 percent gain in U.S. crude output, the biggest since 1955 and the first in 18 … [visit site to read more]
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