Friday, September 24, 2010

Daily Markets - Siemens Acquires Republic ITS

Daily Markets - Siemens Acquires Republic ITS


Siemens Acquires Republic ITS

Posted: 24 Sep 2010 10:05 AM PDT

Siemens AG (NYSE:SI) has decided to acquire Republic Intelligent Transportation Services Inc., headquartered in Novato, California, in an all-cash deal. Terms and conditions of the deal were not disclosed.
 
The target will become part of the Transportation business of the Mobility Division of Siemens Industry group and will be closely aligned with its Intelligent Traffic Solutions business.  Siemens shows its commitment to strengthen its position in the transportation business through … [visit site to read more]


Comcast To Re-launch TV Everywhere

Posted: 24 Sep 2010 10:05 AM PDT

Comcast Corp. (NASDAQ:CMCSA), the largest cable MSO in the U.S. has decided to launch its TV Everywhere service called "XFinity Online TV" in October 2010. Comcast introduced the beta version of this service long back in December 2009. The company will now offer this on demand online service to its pay-TV subscribers for both video programming and Internet access. TV Everywhere is basically a broadband video service that will enable pay-TV subscribers to watch premium cable program and movies … [visit site to read more]


Macy’s Hiring Plans

Posted: 24 Sep 2010 09:35 AM PDT

Macy’s Inc. (NYSE:M), one of the leading department store retailers in the United States, recently hinted at its plan to hire 65,000 seasonal staff for its stores, call centers, distribution centers and online order fulfillment centers to prepare itself for the upcoming holiday season in order to better serve its customers.
 
The company's hiring plans are backed by its optimistic expectation of comparable-store sales growth between 3% and 3.5% in the second half of 2010, which would … [visit site to read more]


Petrobras Share Sale Sets Record

Posted: 24 Sep 2010 09:35 AM PDT

Brazilian state-run energy giant Petroleo Brasileiro S.A. (NYSE:PBR), or Petrobras S.A., raised R$120.4 billion ($70 billion) in the biggest global share issue in history. The stock offering saw the Brazilian government receive shares worth about $42.5 billion against the transfer of rights for up to 5 billion barrels of deep-sea pre-salt oil reserves (oil deposits located in the sea bed under thick layers of salt) to Petrobras.
 
According to a regulatory filing, the company sold 2.4 billion … [visit site to read more]


3M Launches New Respirators

Posted: 24 Sep 2010 09:05 AM PDT

3M Company (NYSE:MMM) has launched new respirators designed to deliver value for money.
 
The v-shaped pleats on the respirators expand to provide a seal and move up and down with the movement of the mouth for easier air intake. The increased surface area along with 3M's filter medium, results in lower breathing resistance and easy breathing.
 
The new respirators are suitable for applications with exposures to dust and other airborne particles such as sweeping, grinding and dry … [visit site to read more]


Washington Post To Buy Back Shares

Posted: 24 Sep 2010 09:05 AM PDT

The shares of The Washington Post Company (NYSE:WPO), the diversified media conglomerate, jumped 4.3% or $15.53 to close at $375.75 on Thursday, as the company revealed its plan to buy back 10.4% of its outstanding Class B shares numbering 7,235,962.
 
The company's board of directors has authorized the buy back of up to 750,000 shares of its Class B common stock but did not specify the ceiling price or a time frame for the repurchase. Taking into consideration Thursday's closing stock … [visit site to read more]


The Hartford Enters Active ETF Arena

Posted: 24 Sep 2010 09:02 AM PDT

The Hartford Financial Services Group, Connecticut based company with over $380 billion in assets, has filed with the SEC for exemptive relief to launch actively-managed ETFs through a newly formed "The Hartford Active Exchange-Traded Fund Trust". The proposed funds will be sub-advised by Hartford Investment Financial Services, which currently has $45 billion in assets under management.
The Hartford is seeking relief for actively-managed ETFs that may also invest in other ETFs, thereby … [visit site to read more]


Mohnish Pabrai’s DNAIndia.Com Interview

Posted: 24 Sep 2010 08:59 AM PDT

Mohnish Pabrai

Mohnish Pabrai conducted an interview with DNAIndia.com which I just found this week thanks to http://www.gurufocus.com/. Mohnish Pabrai manages about $500 million in assets Mohnish produced returns of 26% per annum from 1999-2006. 2008 was a bad year for the fund down over 60%, but the fund had a large rebound of over 100% in 2009. Mohnish is the author of two great books on investing and operating a business; The Dhandho Investor: The Low – Risk Value Method to High … [visit site to read more]


Can Gold And Silver Break Above Major Resistance?

Posted: 24 Sep 2010 08:35 AM PDT

It’s been my expectation that gold would manage to rally at least to $1300 before dropping into the now due daily cycle low. We are now ready to test that theory as gold has tagged $1300 this morning.

The rest of the sector is also mashed right up against all time or bull market highs.

I have my doubts that we will see all these resistance levels broken on the first try. We are also deep into the timing band for a daily cycle correction. This would be the most logical … [visit site to read more]


ITT Acquires SRA’s Business Group

Posted: 24 Sep 2010 08:35 AM PDT

ITT Corp. (NYSE:ITT) is set to acquire SRA International's (NYSE:SRX) Airport Operations Solutions (AOS) group, a provider of airport-related solutions in North America. More than 50 large airports currently utilize AOS' secure centrally monitored Internet-enabled operational platform, AirScene.com, which provides critical airport support functions such as management of surface operations and noise levels.
The acquisition of the AOS group will strengthen ITT's portfolio as it charts its path … [visit site to read more]


Skyhook Sues Google

Posted: 24 Sep 2010 08:35 AM PDT

Boston-based Skyhook Wireless Inc., which provides location-tracking services, recently filed a lawsuit against Google Inc. (NASDAQ:GOOG), alleging the search giant used strong-arm tactics to pressure phone-makers against using Skyhook's mapping technology.
 
The lawsuit, filed in the Massachusetts state court, accuses Google of stopping Motorola (NYSE:MOT) from using Skyhook's technology in its Android-based smartphones. The suit alleges an executive from Google told Motorola Chief Executive … [visit site to read more]


Stocks To Know For Friday: Apple, Oracle, Advanced Micro Devices, Hewlett-Packard, Nike, Merck, Schering-Plough, GlaxoSmithKline

Posted: 24 Sep 2010 08:17 AM PDT

U.S. stocks fell yesterday, sending the Standard & Poor's 500 Index to its longest drop in a month, as a deteriorating profit outlook for banks and an increase in jobless claims overshadowed a rally in technology shares. Goldman Sachs (NYSE:GS) and Citigroup (NYSE:C) both fell more than 2% as Bank of America (NYSE:BAC) cut profit projections and former Federal Reserve Chairman Paul Volcker said the U.S. mortgage market is "absolutely broken." Real estate companies in the S&P 500 … [visit site to read more]


Australian Dollar: Under Pressure

Posted: 24 Sep 2010 08:12 AM PDT

Update on supports and resistances. … [visit site to read more]


Canadian Dollar: Under Pressure

Posted: 24 Sep 2010 08:12 AM PDT

Update on supports and resistances. … [visit site to read more]


Earnings Scorecard: AAR Corp.

Posted: 24 Sep 2010 08:10 AM PDT

Following the upbeat first quarter earnings release on September 15, the majority of analysts covering AAR Corporation (NYSE:AIR) have raised their earnings estimates for both fiscal 2011 and 2012.
 
First Quarter Summary 
AAR Corp. posted upbeat results for the first quarter of fiscal 2011 based on the huge leap in revenues from the Government and Defense Services attributable to the acquisition of Aviation Worldwide Services (“AWS”) in April 2010.
 
During the quarter, net income … [visit site to read more]


Earnings Scorecard: AAR Corp.

Posted: 24 Sep 2010 08:10 AM PDT

Following the upbeat first quarter earnings release on September 15, the majority of analysts covering AAR Corporation (NYSE:AIR) have raised their earnings estimates for both fiscal 2011 and 2012.
 
First Quarter Summary 
AAR Corp. posted upbeat results for the first quarter of fiscal 2011 based on the huge leap in revenues from the Government and Defense Services attributable to the acquisition of Aviation Worldwide Services (“AWS”) in April 2010.
 
During the quarter, net income … [visit site to read more]


Aircraft Crash Durable Goods Orders

Posted: 24 Sep 2010 08:10 AM PDT

New Orders for Durable Goods fell 1.3% in July. That was slightly better than the consensus expectations for a decline of 1.4%.

The news is better than the headline number suggests. All of the weakness came from the extremely volatile transportation equipment side, and more specifically, from the non-defense aircraft component. That is mostly orders for big 777's and 747's from Boeing (NYSE:BA), which are very expensive items. It also includes orders for business jets from firms like Textron … [visit site to read more]


Aircraft Crash Durable Goods Orders

Posted: 24 Sep 2010 08:10 AM PDT

New Orders for Durable Goods fell 1.3% in July. That was slightly better than the consensus expectations for a decline of 1.4%.

The news is better than the headline number suggests. All of the weakness came from the extremely volatile transportation equipment side, and more specifically, from the non-defense aircraft component. That is mostly orders for big 777's and 747's from Boeing (NYSE:BA), which are very expensive items. It also includes orders for business jets from firms like Textron … [visit site to read more]


Thoratec Initiated At Neutral

Posted: 24 Sep 2010 08:10 AM PDT

We initiate our coverage on Thoratec Corp. (NASDAQ:THOR) with a Neutral rating. The company's second-quarter fiscal 2010 earnings beat the Zacks Consensus Estimate, aided by continued robust adoption of its Venricular Assist Devices (VAD), used to support heart failure patients.
 
Thoratec provides mechanical circulatory support with a product portfolio designed to meet a range of clinical requirements of advanced heart failure victims. The company's latest product, HeartMate II, is an … [visit site to read more]


Technical Outlook: Bank Of America, JPMorgan, Wells Fargo, Goldman Sachs

Posted: 24 Sep 2010 08:09 AM PDT

With financials lagging behind and dragging the overall markets lower, I figured it makes sense to have a look at the main financial stocks to try and get an idea of where they were headed. I have a hard time believing that the markets can go much higher without the financial stocks. I have commented on the charts itself. All the charts are pointing in just one direction. See for yourself.

Bank of America (NYSE:BAC)

JPMorgan (NYSE:JPM)

Wells Fargo (NYSE:WFC)

Goldman Sachs … [visit site to read more]


Euro To Rise By A Whopping 1,250 Pips Against The US Dollar?

Posted: 24 Sep 2010 08:03 AM PDT

Hiyo FX peeps! Did I get your attention? Yes. I believe that its very likely that the EURUSD pair could gain by about 1,250 pips. Now that's a lot!

As you can see from its daily chart, the fiber has recently broken out from a very nice cup and  handle formation. At present, the pair is trading just above the neckline of the pattern. With the stochastics in the overbought territory, it could exchange in a range-bound fashion for awhile before moving north. Now, a move past the … [visit site to read more]


For Young Adults, Health Insurance Is Available For About Same Monthly Cost As A Cell Phone

Posted: 24 Sep 2010 07:46 AM PDT

We always hear how medical insurance is expensive and unaffordable, and that’s why there are 50 million uninsured Americans (here). At least in Michigan for young adults between the ages of 18 and 30, insurance is available for at little at $49.30 per month through Blue Cross-Blue Shield of Michigan, for its Young Adult Blue program (details here), which is about the same monthly cost as a cell … [visit site to read more]


Inverted Head-and-Shoulder Potential On NASDAQ Composite

Posted: 24 Sep 2010 07:36 AM PDT

Alert: For those who have been sleeping for the past several months, something exciting is also happening with the NASDAQ Composite Index and stocks in that market (mostly tech).

Some will say “give him a horizontal trendline and everything will look like an inverted H+S to him”. In other words, I might be criticized for stretching the case but another 6% move will bring that index up to the “neckline” making for the tantalizing prospect of a breakthrough and, after some “buyers remorse” … [visit site to read more]


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