Daily Markets - Dell Aims To Secure SMBs
Daily Markets - Dell Aims To Secure SMBs |
- Dell Aims To Secure SMBs
- Hot Stock News For Friday 3 September: Apple, Google, BP, Royal Dutch Shell, HSBC
- Del Monte Q1 Profit Slips
- Ross’ August Comps Ups 5%
- Costco Sustains Momentum
- Canadian Dollar: Bullish Bias Above 1035
- Long Weekend For Bond Traders On Hold
- Stock Market News Briefs: Campbell Soup Company, Goldcorp Incorporated, H&R Block, Hewlett-Packard Company, Piper Jaffray Companies, W.R. Grace & Company, CommVault Systems, Dell, Isilon Systems, Take-Two Interactive Software
- Rating Action On CINF
- Campbell Soup EPS Beats
- American Phys. Goes To ProAssurance
- Forex Trading: EURUSD Tests 38.2% Fibo Resistance At 1.2871 Level
- Job Losses Beat Expectations
- Ulta Beats; Outlook Strong
- Private-Sector Jobs Increase For The 7th Month, First Time Since 2007; +763,00 Jobs This Year
- Forex Trading: USDCAD Tests Support At 1.0425 Level.
- Coca Cola Acquires Nidan
- Ball Corp. To Close Canadian Plant
- Swiss Franc: Under Pressure
- Japanese Yen: The Downside Prevails
- British Pound: Rebound
- Euro: Caution
- Salix Settles MoviPrep Lawsuit
- Forex Trading: GBPUSD Can’t Conquer 38.2% Retracement And Comes Back Off
- Forex Trading: EURUSD Remains Contained Between Support And Resistance
- Forex Trading: GBPUSD Breaks 200 Hour MA…1.5467 Next Target (38.2% Retracement)
- Forex Trading: EURUSD Using The 38.2% First Resistance
- Burger King To Be Bought By 3G
- PDLI Gives Third-Quarter Outlook
- Health Care Reality Will Be Ongoing Economic Drag
- Global Manufacturing Production: Momentum Rapidly Decelerating!
- Ritholtz: What Obama Should Do Next
- Quote Du Jour: Dylan Grice – Focus On Things We Know
| Posted: 03 Sep 2010 08:05 AM PDT Round Rock Texas-based PC maker Dell Inc. (NASDAQ:DELL) is reportedly expanding its reach in Web security. Recently, Dell tied up with leading Internet Content Security vendor, Trend Micro Inc., to enrich its security-solutions portfolio.
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| Hot Stock News For Friday 3 September: Apple, Google, BP, Royal Dutch Shell, HSBC Posted: 03 Sep 2010 07:50 AM PDT BP (NYSE:BP) - Co. says cost of oil spill response so far is USD 8bln, and no new oil flowed into Gulf since 15 July (Sources) UK Royal Dutch Shell (RDS-A) - Co. may sell Swedish Gas stations to Finland’s ST1. (SVT) HSBC (NYSE:HBC) - Co. may move its headquarters from Britain if the Government’s new Banking Commission calls for a break up of lenders. (The Times) BAE Systems - Airgas and co. sign a five year supply pact. (Sources) United Utilities - Co. was yesterday the … [visit site to read more]
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| Posted: 03 Sep 2010 07:40 AM PDT Del Monte Foods Co. (NYSE:DLM), producer, distributor and marketer of branded pet products and food products, posted weaker top-line and earnings results for the first-quarter of 2011, a 13-week quarter ending on August 1, 2010. Quarterly Details San Francisco-based Del Monte's earnings slipped to 29 cents from 30 cents a share in the year-ago period and missed the Zacks Consensus Estimate by 9 cents. The quarter highlights a marginal increase in marketing investment, consistent with the … [visit site to read more]
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| Posted: 03 Sep 2010 07:40 AM PDT Off-price retailer of apparels and home accessories, Ross Stores Inc.'s (NASDAQ:ROST), comparable store sales (comps) for August increased 5% versus a 6% increase in the year-earlier period. The increase was attributable to attractive bargains on a variety of products for back-to-school customers. August comps also surpassed the company's expectation of a 3% – 4% increase. Total sales for the four-week period ended August 28, 2010, surged 9% to $608 million from the year-go … [visit site to read more]
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| Posted: 03 Sep 2010 07:40 AM PDT Costco Wholesale Corporation (COST), one of the leading U.S. warehouse club operators, recently posted healthy sales data for the four-week period ended August 29, 2010.
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| Canadian Dollar: Bullish Bias Above 1035 Posted: 03 Sep 2010 07:18 AM PDT |
| Long Weekend For Bond Traders On Hold Posted: 03 Sep 2010 07:17 AM PDT Fundamentals
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| Posted: 03 Sep 2010 07:05 AM PDT H&R Block (NYSE:HRB) posted nickel higher than expected fiscal first quarter results, with a loss of 36 cents on revenues of $275 million, off 0.4% from a year ago but up from estimates of $265 million Dell (NASDAQ:DELL) quit the eighteen-day bidding war with Hewlett-Packard (NYSE:HPQ) for 3PAR (PAR). Dell’s exit fed rumors the firm may now turn to other makers of storage systems, with rumors surrounding possible targets including CommVault Systems (NASDAQ:CVLT), Isilon Systems (NASDAQ:ISLN), … [visit site to read more]
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| Posted: 03 Sep 2010 07:05 AM PDT Yesterday, the rating agency Fitch Ratings affirmed the issuer default rating (IDR) as well as senior debt rating of "A-" and "BBB+" on Cincinnati Financial Corporation (NASDAQ:CINF). Along with this, the rating agency also affirmed the issuer financial strength (IFS) rating of A+ on three of its subsidiaries –– the Cincinnati Insurance Co., the Cincinnati Casualty Co., the Cincinnati Indemnity Co., and the Cincinnati Life Insurance Co. All the ratings carry a stable … [visit site to read more]
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| Posted: 03 Sep 2010 07:05 AM PDT Campbell Soup Co. (NYSE:CPB) reported fiscal 2010 fourth-quarter adjusted earnings of 33 cents per share, topping the Zacks Consensus Estimate of 30 cents. Quarterly earnings also came in ahead of the year-ago result of 30 cents per share. Campbell's net sales during the quarter declined by a modest 0.7% year-over-year to $1.52 billion, which missed the Zacks Consensus Estimate of $1.60 billion. The decline was primarily caused by higher promotional spending, partially offset by favorable … [visit site to read more]
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| American Phys. Goes To ProAssurance Posted: 03 Sep 2010 07:05 AM PDT Yesterday, medical professional liability insurer American Physicians Service Group Inc. (NASDAQ:AMPH) agreed to be acquired by ProAssurance Corporation (NYSE:PRA). Per the agreement, the shareholders of American Physicians will receive $32.50 per share in cash from the acquirer and the transaction is expected to close in the fourth quarter of 2010. Excluding one-time transaction and restructuring costs, ProAssurance expects the transaction to be accretive to its 2011 earnings.
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| Forex Trading: EURUSD Tests 38.2% Fibo Resistance At 1.2871 Level Posted: 03 Sep 2010 06:39 AM PDT The EURUSD is up testing the 38.% retracement of the move down from the August 6th high to the low on August 24th. That level comes in at the 1.2871 level. The high for the day reached 1.2872 minutes after the NFP report. A break above will target the 1.2900 level where the trendline off recent highs come … [visit site to read more]
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| Posted: 03 Sep 2010 06:35 AM PDT For the third month in a row, the U.S. has posted negative jobs growth. In August, the Bureau of Labor Statistics (BLS) reported that nonfarm payrolls fell by 54,000 jobs — the same as the revised number for July — while expectations were for around 120,000 job losses. The private sector showed a net jobs increase of 67,000 for August, an improvement over the 44,000 private sector jobs expected. Though still at a modest growth level, private-sector jobs growth is a positive sign for the … [visit site to read more]
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| Posted: 03 Sep 2010 06:35 AM PDT Ulta Salon, Cosmetics & Fragrance Inc. (NASDAQ:ULTA) posted its second-quarter 2010 adjusted earnings of 25 cents per share, which were well ahead of the Zacks Consensus Estimate of 19 cents. Including one-time compensation charges, Ulta Salon recorded a quarterly net income of $13.1 million or 22 cents per share, well above $5.8 million or 10 cents recorded in the year-earlier quarter.
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| Private-Sector Jobs Increase For The 7th Month, First Time Since 2007; +763,00 Jobs This Year Posted: 03 Sep 2010 06:34 AM PDT Some highlights of today’s employment report for August: 1. Private-sector jobs have increased in each month this year, and by 67,000 in August, bringing the total to 763,000 private-sector jobs that have been created this year. This is the first time since January to August 2007, three years ago, of seven consecutive monthly gains in private-sector employment (see top chart above). 2. Temporary help service jobs increased in August by 16,800 to 2,116,000 jobs, the … [visit site to read more]
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| Forex Trading: USDCAD Tests Support At 1.0425 Level. Posted: 03 Sep 2010 06:23 AM PDT |
| Posted: 03 Sep 2010 06:20 AM PDT The Coca Cola Company (NYSE:KO) has acquired Nidan, the fourth largest juice manufacturing company in Russia. The acquisition is a part of the company’s strategic plan to expand its presence in the fast growing emerging markets through strategic acquisitions. Nidan’s products include Moya Semya, Da! and Caprice; and the company has its facilities in Moscow and Novosibirsk.
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| Ball Corp. To Close Canadian Plant Posted: 03 Sep 2010 06:20 AM PDT Ball Corporation (NYSE:BLL) announced that owing to sluggish market demand it has decided to close its Richmond, British Columbia plant, effective first quarter of fiscal 2011. As a result of the closure, Ball Corporation will record a total non-cash, after-tax charge of approximately $7 million, of which $3 million will be incurred in the third quarter of 2010. Following the final disposition of the land and building, Ball Corporation estimates the closure will result in a net gain of … [visit site to read more]
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| Posted: 03 Sep 2010 06:18 AM PDT |
| Japanese Yen: The Downside Prevails Posted: 03 Sep 2010 06:18 AM PDT |
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| Salix Settles MoviPrep Lawsuit Posted: 03 Sep 2010 06:05 AM PDT Salix Pharmaceuticals Ltd. (NASDAQ:SLXP) and partner Norgine BV recently announced that they settled a patent litigation with Novel Laboratories, which was looking to bring a generic version of MoviPrep to market. MoviPrep is a liquid bowel cleansing agent. The case is currently pending in the US District Court for the District of New Jersey.
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| Forex Trading: GBPUSD Can’t Conquer 38.2% Retracement And Comes Back Off Posted: 03 Sep 2010 05:53 AM PDT The price is back between the trendlines now and down toward the 200 day MA at … [visit site to read more]
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| Forex Trading: EURUSD Remains Contained Between Support And Resistance Posted: 03 Sep 2010 05:49 AM PDT |
| Forex Trading: GBPUSD Breaks 200 Hour MA…1.5467 Next Target (38.2% Retracement) Posted: 03 Sep 2010 05:46 AM PDT …and trendline. Looking for increased upside momentum with 1.5468 the next target to get through. The high on Wednesday came in at 1.5488. The close last week was 1.5511 and 50% retracement is … [visit site to read more]
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| Forex Trading: EURUSD Using The 38.2% First Resistance Posted: 03 Sep 2010 05:40 AM PDT The level comes in at 1.2871. A break above targets the 1.2896 trendline … [visit site to read more]
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| Burger King To Be Bought By 3G Posted: 03 Sep 2010 05:35 AM PDT Burger King Holdings Inc. (NYSE:BKC), the world's second-largest hamburger chain after McDonald’s Corp. (NYSE:MCD), announced that it is being acquired by a private investment firm 3G Capital for $24 per share, or $4.0 billion, including the debt of the company. The offer price is at a 46% premium to the share price before the speculation of buyout talks in the market on Wednesday. The transaction is expected to close in the fourth quarter of 2010. As per the agreement, Burger King’s Chairman and … [visit site to read more]
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| PDLI Gives Third-Quarter Outlook Posted: 03 Sep 2010 05:35 AM PDT PDL BioPharma Inc. (NASDAQ:PDLI) recently announced that it expects to generate third-quarter 2010 (ending September 30) revenue of $86.0 million, representing an increase of 20% over the year-ago revenue of $71.4 million.
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| Health Care Reality Will Be Ongoing Economic Drag Posted: 03 Sep 2010 03:39 AM PDT I have often thought that staying physically fit is not only a good way to live but also makes enormous economic sense as well. Not that staying fit will keep one's healthcare premiums totally in check, but the simple fact is the cost of healthcare insurance in our country is downright scary. Staying fit is one way of keeping premiums not quite as egregious.
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| Global Manufacturing Production: Momentum Rapidly Decelerating! Posted: 03 Sep 2010 03:26 AM PDT The August manufacturing PMIs came in mixed. The U.S. and China surprised on the upside while Japan disappointed with its manufacturing sector barely growing. Country Manufacturing PMI August 2010 United States Euro zone Germany France Greece Italy Spain
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| Ritholtz: What Obama Should Do Next Posted: 03 Sep 2010 03:23 AM PDT What President Obama should do next for the economy, with Barry Ritholtz, author of The Big Picture … [visit site to read more]
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| Quote Du Jour: Dylan Grice – Focus On Things We Know Posted: 03 Sep 2010 03:19 AM PDT I referred to some comments by Albert Edwards from Société Générale in a post a few days ago. Today's quote of the day comes from his colleague on the SocGen Global Strategy Team, Dylan Grice. Not only is Grice brilliant at his game but also a wordsmith of note.
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