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- Distribution Agreement For KCI
- Top 5 Things Highschool Doesn’t Teach You About Finance
- CSC Looks Evenly Poised
- Walgreen To Acquire Pharmacies
- IBM Develops Fastest Chip
- Alexion Remains Neutral
- Martek Tops Zacks Consensus
- G-III Apparel Beats, Lifts Guidance
- Sherwin Expanding Inorganically
- Buffett Bids $500M For Wesco Stake
- Earnings Scorecard: WPP Group
- Instead Of Marching, Let’s End The War On Drugs
- Canadian Solar Misses Estimate
- Caterpillar Expands In Brazil
- Strong Data For Transdel Pharma
- Jacobs Expands In India
- New International Small-cap ETFs To Know
- Oil And Gold Advance In Tandem As Speculative Volatility Recedes Pre-NFP
- Magellan Closes $289M Acquisition
- Burger King Soars On Buyout Talk
- Kinross-Red Back Merger?
- Investing In The Markets With The Threat Of A Double Dip Recession
- Rail Traffic At Highest Level Since 2008
- Cooking Up An Inverse Head And Shoulder Reversal
| Posted: 02 Sep 2010 05:09 PM PDT The “Money” section of USA Today has a cover story by Adam Shell, “Could Investors Fleeing Stocks Become a Lost Generation?” featuring insights from yours truly. Among other things, I argue that “the lost generation is not coming back” and highlight several reasons why the average Joe may well be on the right side of what I believe is the longer-term trend: Investors are trying to make sense of an unprecedented economic earthquake that has left them feeling blindsided and unsure about their … [visit site to read more]
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| Distribution Agreement For KCI Posted: 02 Sep 2010 03:35 PM PDT Medical technology company Kinetic Concepts' (NYSE:KCI) business unit, LifeCell Corporation, entered into an agreement with Novadaq Technologies to distribute the latter's SPY imaging system in North American surgical markets. The imaging system is focused at breast reconstruction, head and neck, and colorectal surgical specialties – an area with immense potential where more than half a million procedures are projected to be performed annually. While LifeCell will provide market … [visit site to read more]
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| Top 5 Things Highschool Doesn’t Teach You About Finance Posted: 02 Sep 2010 03:30 PM PDT Highschool is an important part of preparing for the real world, but they don't teach you everything you need to know about finance before you leave highschool. There are important things that everybody should understand before taking charge of there own economic destiny. Here are the five most important things to understand.
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| Posted: 02 Sep 2010 03:05 PM PDT The winning spree for Computer Sciences Corporation (NYSE:CSC) does not seem to end, as the company has again won a deal worth $50.0 million to provide analytics modernization services to the Department of Defense (DoD). This is a subcontract awarded to Computer Sciences, by a California-based company, Northrop Grumman Corporation (NYSE:NOC), which will provide analytics modernization services to the Department of Defense. As per the terms of the agreement, the tech major will provide analytics and … [visit site to read more]
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| Walgreen To Acquire Pharmacies Posted: 02 Sep 2010 03:05 PM PDT Walgreen (NYSE:WAG), one of the largest retail pharmacies in the US, entered into an agreement with Graymark Healthcare (NASDAQ:GRMH) to acquire the latter's retail pharmacy business, 18 ApothecaryRx pharmacies of 5 states – Colorado, Oklahoma, Minnesota, Missouri and Illinois. The transaction is expected to close in the fourth quarter of 2010. While financial terms of the deal were not disclosed, Graymark expects to realize total enterprise value of $35 million. Following this divestment, … [visit site to read more]
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| Posted: 02 Sep 2010 02:35 PM PDT International Business Machines Corp. (NYSE:IBM) announced the availability of world's fastest microprocessor that will begin shipping to customers from Sep 10, 2010. The z196 processor is a four-core chip that contains 1.4 billion transistors on a 512-square milimeter (mm) surface. The chip was manufactured by using 45 nanometer (nm) silicon on insulator (SOI) processor technologies. The microprocessor chip can pick up speeds of up to 5.2 gigahertz, which means the chip’s controlling clock … [visit site to read more]
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| Posted: 02 Sep 2010 02:35 PM PDT We are maintaining our Neutral recommendation on Alexion Pharmaceuticals (NASDAQ:ALXN) with a target price of $61. Alexion Pharmaceuticals, based in Cheshire, Connecticut, is a biopharmaceutical company formed in 1992. The company focuses on a strong scientific and product development base for the development of novel antibody therapeutics that target the treatment of patients with a wide array of severe disease states, including autoimmune and cardiovascular disorders, inflammation and … [visit site to read more]
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| Posted: 02 Sep 2010 02:05 PM PDT Martek Biosciences Corporation's (NASDAQ:MATK) third-quarter fiscal 2010 earnings (excluding special items) of 38 cents per share surpassed the Zacks Consensus Estimate by 2 cents and the year-ago earnings by 11 cents. On a reported basis (including special items), the company earned 35 cents per share in the reported quarter as against 27 cents in the year-ago quarter. The higher earnings in the reported quarter were driven by a surge in sales. Sales in the quarter benefited from the purchase … [visit site to read more]
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| G-III Apparel Beats, Lifts Guidance Posted: 02 Sep 2010 02:05 PM PDT G-III Apparel Group Ltd. (NASDAQ:GIII) swung to a net income of $3.0 million or 15 cents per share in the second quarter of fiscal 2011 from a net loss of $2.8 million or 17 cents per share in the year-ago period. Quarterly result also surged past the Zacks Consensus Estimate for a loss of 2 cents per share. Bolstered by the strong quarterly performance, G-III Apparel also lifted its fiscal 2011 earnings forecast. The company now expects earnings of $2.60 to $2.70 per share in the fiscal, compared … [visit site to read more]
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| Sherwin Expanding Inorganically Posted: 02 Sep 2010 01:35 PM PDT The Sherwin-Williams Company (SHW) has acquired Sweden-based Becker Industrial Products AB, a subsidiary of AB Wilh for SEK 1.7 billion (US$227 million). Becker is Europe's leading manufacturer of industrial coatings for metals and plastics as well as products for surface treatment of wood, and the world leader in artists’ materials. It is also a technology leader in water, UV, and other wood coatings. The transaction is expected to close in the third quarter of 2010. Sherwin-Williams would … [visit site to read more]
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| Buffett Bids $500M For Wesco Stake Posted: 02 Sep 2010 01:35 PM PDT Following up on his intention of buying 19.9% of Wesco Financial Corp.'s (WSC) holding, Warren Buffett — Chairman and CEO of Berkshire Hathaway Inc. (BRK.A, BRK.B) — yesterday formally announced a bid to that effect. The offer laid down by Buffet to buy the rest of Wesco includes a combination of Class-B shares (Buffet uses Class-B shares for acquisitions) and cash. The total value reserved for the acquisition is approximately $500 million, when measured in terms of the acquiring … [visit site to read more]
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| Posted: 02 Sep 2010 01:35 PM PDT Ireland-based advertising titan WPP Group plc. (NASDAQ:WPPGY) reported encouraging results for the first half of 2010. Its results were driven by strength across all geographies except for a modest decline in the European region. Expectations of revenue outperformance for the rest of 2010 are to some extent offset by worries over the Eurozone crisis and sustainability of US growth.
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| Instead Of Marching, Let’s End The War On Drugs Posted: 02 Sep 2010 01:12 PM PDT “Every time I see one of these marches or forums covered as significant, what occurs to me is that there is one thing we should all be focused on instead. It is, of all things, the War on Drugs. The most meaningfully pro-black policy today would be a white-hot commitment to ending its idiocy. 1. The War on Drugs destroys black families. It has become a norm for black children to grow up with their fathers in prison and barely knowing them. Data are unanimous in showing that children, … [visit site to read more]
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| Canadian Solar Misses Estimate Posted: 02 Sep 2010 01:05 PM PDT Canadian Solar Inc. (NASDAQ:CSIQ) adjusted EPS of 7 cents in the second quarter of fiscal 2010 ending June 30, 2010, fell short of the Zacks Consensus Estimate of 15 cents and way behind the year-ago quarterly number of 49 cents. The downside came from a sharp rise in expenses, which offset higher shipments year over year. However on a sequential basis the company was able to improve its performance as compared to 3 cents in the first quarter of 2010. Canadian Solar as of now is undergoing a review … [visit site to read more]
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| Posted: 02 Sep 2010 01:05 PM PDT Caterpillar Inc. (CAT) announced that it has acquired an industrial facility, with further plans for expansion, located in Campo Largo, Paraná State. The company will also enhance capacity at its existing Piracicaba facility. Both these endeavors are in tune with Caterpillar's strategy to expand in Brazil and meet the increasing demand in the Latin American markets and will cost the company $180 million over the next two years.
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| Strong Data For Transdel Pharma Posted: 02 Sep 2010 01:05 PM PDT Phase III Data Presented at the 13th World Congress on Pain On September 2, 2010, Transdel Pharmaceuticals (TDLP) presented the full data from the company’s phase III program, TDLP-110-001, at the 13th World Congress on Pain. The trial enrolled 364 patients with acute soft tissue injuries (sprains & strains) randomized at 26 clinical sites in the U.S. Subjects received TDLP-110 (Ketoprofen 10% cream), called Ketotransdel, 1g 3x daily, or placebo, over a 7-day period. The primary … [visit site to read more]
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| Posted: 02 Sep 2010 01:05 PM PDT Recently, Jacobs Engineering Group Inc. (NYSE:JEC) has received a second engineering contract from IOT Infrastructure & Energy Services Ltd. (IOT) (formerly Indian Oiltanking). Earlier it was for the Delayed Coker Unit (DCU) project to be erected at Indian Oil Corporation Ltd.’s (IOCL) Guwahati refinery, India. This time it is for the Cavern Project at the Indian Strategic Petroleum Reserves Limited (ISPRL) in Visakhapatnam, India.
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| New International Small-cap ETFs To Know Posted: 02 Sep 2010 01:01 PM PDT You won’t be surprised when I say the U.S. markets are lousy right now. Can you find niches that are performing well? Sure - I often highlight these for you when I see them. But most U.S. stocks and sectors are going sideways at best. Moreover, I don’t see the situation changing in the near future. This doesn’t mean you’re stuck in a low-yielding cash account, though. The world is full of opportunity for those who know where to look. Places like South America and Southeast Asia are … [visit site to read more]
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| Oil And Gold Advance In Tandem As Speculative Volatility Recedes Pre-NFP Posted: 02 Sep 2010 01:01 PM PDT North American Commodity Update
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| Magellan Closes $289M Acquisition Posted: 02 Sep 2010 12:35 PM PDT Magellan Midstream Partners L.P. (NYSE:MMP) announced the completion of the acquisition of petroleum storage and pipelines from BP Pipelines (North America), a subsidiary of BP plc (NYSE:BP). The partnership acquired 7.8 million barrels of crude oil storage and more than 100 miles of active petroleum pipelines for a total cost of $289 million.
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| Burger King Soars On Buyout Talk Posted: 02 Sep 2010 12:35 PM PDT Burger King Holdings Inc. (NYSE:BKC) shares jumped 16.7% to $19.19 on Wednesday pre-market trading, on the news that the company is in talks with potential buyers. The two interested parties can be a British private-equity firm 3i Group Plc, and a private investment firm 3G Capital Management.
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| Posted: 02 Sep 2010 12:35 PM PDT On a request from Institutional Shareholder Services, Kinross Gold Corporation (NYSE:KGC) provided details of the proposed merger with Red Back Mining Inc., a leading African gold producer, announced in early August this year.
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| Investing In The Markets With The Threat Of A Double Dip Recession Posted: 02 Sep 2010 11:39 AM PDT Lee W. Appleton, CFA is Vice President, Portfolio Manager at Matco Financial Biography: Mr. Appleton is a member of the Matco investment committee and Matco's Canadian Equity Group, which is responsible for managing the Canadian Equity, Small Cap, and Energy Portfolios. Prior to joining Matco, Mr. Appleton was with Computerized Portfolio Management Services Inc., one of North America's leading independent equity research firms. He can be reached by email at: lappleton (at) matcofinancial … [visit site to read more]
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| Rail Traffic At Highest Level Since 2008 Posted: 02 Sep 2010 11:21 AM PDT WASHINGTON , D.C. – Sept. 2, 2010 – “The Association of American Railroads (AAR) today reported weekly rail traffic continues to set records with U.S. railroads posting their highest numbers for 2010 in both rail carloads and intermodal volume for the week ending Aug. 28. U.S. railroads originated 302,358 carloads for the week, up 5.8 percent compared with the same week in 2009 and intermodal traffic totaled 237,194 trailers and containers, up 17.1 percent from the same week in 2009 (see … [visit site to read more]
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| Cooking Up An Inverse Head And Shoulder Reversal Posted: 02 Sep 2010 09:05 AM PDT What can I say without it sounding too much like I’m bragging. The market performed beautifully yesterday (if your one of those leaning to the bullish side of this boat we’re floundering in) and seems to have followed through today.
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