Friday, September 10, 2010

Daily Markets - ProLogis Leases In Mexico

Daily Markets - ProLogis Leases In Mexico

ProLogis Leases In Mexico

Posted: 10 Sep 2010 08:05 AM PDT

ProLogis (NYSE:PLD), a leading global provider of distribution facilities, recently signed four new leasing agreements spanning about 345,000 square feet of its development portfolio in Mexico. With improving property values and growing institutional demand for quality properties, ProLogis has witnessed a growing customer interest in its distribution facilities across the globe. In addition, leasing decisions that were earlier postponed due to volatility in the markets are gradually coming off the … [visit site to read more]

McDonald’s August Sales Up

Posted: 10 Sep 2010 08:05 AM PDT

McDonald’s Corp. (NYSE:MCD) posted global comparable sales growth of 4.9% in August thanks to strong beverage sales. Comparable sales growth stepped up from 2.2% in August 2009.  
   
Barring Europe, the fast-food restaurant operator witnessed an uptrend across its domestic and international markets. Geographically, APMEA (Asia/Pacific, Middle East and Africa) was the major contributor to growth followed by the United States.
Driven by strong performances in Japan, China … [visit site to read more]

Millicom To Redeem Bonds

Posted: 10 Sep 2010 07:35 AM PDT

Millicom International Cellular SA (NASDAQ:MICC) intends to redeem in full the 2013 10% high yield bond in December 2010. The redemption will play an important role in Millicoms's financial strategy by reducing the cost of financing, extending average maturity to more than three and a half years, strengthening risk management and improving tax efficiency.
During second quarter 2010, Millicom's total revenue grew 14% year over year to $928.6 million and surpassed the Zacks Consensus Estimate of … [visit site to read more]

Kimco Realty Acquires Asset

Posted: 10 Sep 2010 07:35 AM PDT

Kimco Realty Corporation (NYSE:KIM), a real estate investment trust (REIT), recently acquired Riverplace Shopping Center, a shopping mall in Jacksonville, Florida, for $35.6 million. The acquisition is part of the long-term strategy of the company to concentrate its investments on the neighborhood and community shopping center segment, focusing primarily on the North American market.
Kimco Realty acquired the property from Centro Properties, which owns and operates 600 retail assets in 39 states … [visit site to read more]

Stock Market News Briefs: Barclays PLC, C.R. Bard, Citigroup, Comerica Incorporated, Computer Sciences, Deutsche Bank AG, Jefferies Group, Medtronic, Moody’s, National Semiconductor, Natl Westminster Pfd, Nokia, Piper Jaffray Companies, Texas Instruments Incorporated, UBS AG, Wells Fargo & Company, Adobe Systems Incorporated, Apple, Intuit, Microsoft Corporation

Posted: 10 Sep 2010 07:05 AM PDT

 National Semiconductor (NYSE:NSM) posted fiscal first quarter results of 36 cents a share, one cent below estimates, on revenues of $412 million, below consensus projections of $415 million. The company CEO noted, “In the near term, slower growth in our end markets and distribution channel, along with some likely inventory reduction, will mute the seasonal growth that we would normally see in our business during this time of the year,” cutting the near-term revenue outlook to $415 million … [visit site to read more]

Overland Pass Now Equally-Owned

Posted: 10 Sep 2010 07:05 AM PDT

ONEOK Partners L.P. (NYSE:OKS) and Williams Partners L.P. (NYSE:WPZ) recently concluded the much talked about transaction, making Williams Partners the 50% owner of Overland Pass Pipeline Company LLC. Williams Partners paid $424 million to ONEOK Partners for the additional 49% interest in the pipeline.
Initially, ONEOK Partners (operator) had 99% ownership in the pipeline and Williams Partners owned the remaining 1%.
Williams Seeks Operatorship
Having gained 50% ownership status, Williams Partners … [visit site to read more]

Nokia Sees Change At The Helm

Posted: 10 Sep 2010 07:05 AM PDT

Time is up for Mr. Olli-Pekka Kallasvuo, the beleaguered CEO of Nokia Corp. (NYSE:NOK). Today, the Board of Directors of Nokia has taken a decision to replace Kallasvuo with Mr. Stephen Elop from Microsoft Corp. (NASDAQ:MSFT). Since last July, industry circle was rife with the speculation that Nokia management is desperately looking for a suitable replacement for its existing CEO. The change will take place on September 21, 2010.
Nokia is facing serious problems in the high-end feature-rich smartphone … [visit site to read more]

Becton Upgraded To Neutral

Posted: 10 Sep 2010 06:35 AM PDT

We upgrade our recommendation for Becton, Dickinson and Company (NYSE:BDX) to Neutral after taking into account its improved prospects for safety needles in Europe. However, we continue to be concerned about the lingering slowdown in demand growth for the company's products due to macroeconomic uncertainty, which is affecting hospital, lab and doctor-based demand for consumables in the U.S. 
Becton reported third-quarter fiscal 2011 earnings per share of $1.29, which were higher than the … [visit site to read more]

Telesp Upgraded To Neutral

Posted: 10 Sep 2010 06:35 AM PDT

We are upgrading our recommendation to Neutral from Underperform for Brazilian fixed-line carrier Telecomunicacoes de Sao Paulo SA (NYSE:TSP), commonly known as Telesp. Our rating upgrade is based on improved second-quarter earnings, which were ahead of the Zacks Consensus Estimate. Currently, the stock has a Zacks #3 Rank (Hold).
Net income in the second quarter rose 10.3% year over year. Growth in Interconnection, data transmission and Pay TV business led to the company's profitability. … [visit site to read more]

Rhode Island Tax Revenues Up By 11.2% Vs. 2009

Posted: 10 Sep 2010 06:34 AM PDT

PROVIDENCE, R.I. — “Rhode Island tax revenues are up after a lengthy period of decline, a sign that the state's economy may at long last be rebounding.

A state Department of Revenue report issued Thursday shows that, for the two months ended Aug. 31, state tax revenues totaled $358 million, up 11.2 percent compared with the same period a year ago. There were increases in withholding tax, sales tax, general business taxes and other categories.”

MP: Rhode Island is now the 12th state … [visit site to read more]

Forex Trading: USDJPY Moves Higher On NY Dollar Buying Interest

Posted: 10 Sep 2010 06:25 AM PDT

Is Barack Becoming A Lameduck?

Posted: 10 Sep 2010 05:40 AM PDT

To know my Dad is to love him.
He wears his heart on his sleeve and is not hesitant to let you know exactly where he stands on the issues of the day. That said, what are his passions? His family above all else. His faith. He has no problem critiquing our Roman Catholic hierarchy while practicing his faith and allegiance to the principles of Christ. Irish history. To hear him talk about the brutal treatment of the Irish at the hands of the English is a lesson worth learning. Red Sox … [visit site to read more]

Forex Trading: EURUSD Consolidates Intraday As London Rally Hits MA Resistance

Posted: 10 Sep 2010 05:18 AM PDT

It remains a waiting game for the EURUSD. The pair moved below the 100 day MA in early Far East trading, only to have disappointment on failure to extend, send the pair back higher. Now the EURUSD consolidates intraday as London rally hits the 100 hour MA resistance. A bull flag is forming with a break of 1.2732 and then the 100 hour MA at 1.2742 in the way of further gains … [visit site to read more]

Forex Trading: Yen Selling An Opportunity To Rebuild JPY Long Positions

Posted: 10 Sep 2010 05:01 AM PDT

Safe haven trades were slightly stronger this morning despite some encouraging US data and an okay Irish debt auction. However, due to the low liquidity in Asia and Middle East, plus the summer  & holiday atmosphere still infecting most of the G10 nations, market moves should be taken with a grain of salt. Yesterday’s divergence between stock markets and EURUSD performance, highlights in our mind, the fact that traders are still heavily bearish EUR and to a lesser extent broader … [visit site to read more]

US Stock Market Now Has More Downside Risk In The Trading Range Than Upside

Posted: 10 Sep 2010 04:45 AM PDT

The Labor Department reported Thursday morning that new claims for unemployment dropped a seasonally adjusted 27,000 to 451,000.  Unexpected bullish news, right?  The markets immediately gapped-up on this information as the bulls found good reason to buy.  Unexpected positive news is almost always met with a bullish move north as it's rarely priced in.  However, a useful tidbit of information about that shockingly large drop came out after the gap-up.  Bloomberg reported that nine … [visit site to read more]

Long Stock Setups To Watch: Wabco Holdings, Pioneer Southwest Energy Partners, Mead Johnson Nutrition Company, Health Care REIT, Expedia, PowerShares DB Agriculture

Posted: 10 Sep 2010 04:30 AM PDT

After going through a total of 534 charts, here is the second part of the watchlist. Here is Part 1 in case you missed it. The important levels are marked on the charts itself.

Wabco Holdings (NYSE:WBC)

Pioneer Southwest Energy Partners (NYSE:PSE)

Mead Johnson Nutrition Company (MJN)

Health Care REIT (NYSE:HCN)

Expedia (NASDAQ:EXPE)

PowerShares DB Agriculture (DBA)

Take care and good … [visit site to read more]

Deutsche Bank Refunding Speculation: How Many Banks To Follow Suit?

Posted: 10 Sep 2010 04:18 AM PDT

Yesterday I said "I think the market needs to re-test the S&P 1085 one more time before advancing to 1115. Call it a gut feel." This morning there are two big stories in play. One is that European banks are going to have to raise many billions in equity capital, something to do with Basel III.

http://www.marketwatch.com/story/deutsche-bank-drops-on-report-of-big-ca…

The other is that Humungous Bank & Broker (HB&B) on Wall Street is being forced to adopt the Volcker … [visit site to read more]

Profit Plays For Canada – The World’s “Safest Economy”

Posted: 10 Sep 2010 04:11 AM PDT

I’ve said it once, and I’ll doubtless say it a few dozen more times before the U.S. economy returns to health: Just because you have to endure recessionary conditions doesn’t mean that your money has to.

That’s the argument I make when I urge Americans to search for investments outside U.S. borders. Ironically, your money doesn’t have to travel all that far: What’s arguably the world’s “safest economy” is actually located just north of the border.

I’m talking, of course, about … [visit site to read more]

Insider Stock Buybacks For August A Bullish Sign For US Stock Market In The Near Term

Posted: 10 Sep 2010 04:07 AM PDT

The stock market as a whole just turned in its worst August performance since 2001, with the major indexes posting losses ranging from 4% to 6%. Yet despite those negative numbers, there was one group that didn’t act bearish at all – corporate insiders.

Insiders – the officers, board members and major shareholders of America’s corporations – are required by law to almost immediately report to the Securities and Exchange Commission (SEC) any time they buy or sell the shares of their … [visit site to read more]
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