Daily Markets - Stock Picks For Thursday 9 September: Motorola, NetApp, JA Solar Holdings, Banner Corporation, Ciena Corporation, Hemispherx BioPharma, Royale Energy, Generex Biotechnology, Cell Therapeutics
- Stock Picks For Thursday 9 September: Motorola, NetApp, JA Solar Holdings, Banner Corporation, Ciena Corporation, Hemispherx BioPharma, Royale Energy, Generex Biotechnology, Cell Therapeutics
- Singapore And Thailand – Two Asian Economies Flying Under The Radar
- There’s New Evidence That Employers Do NOT Discriminate Against Single, Childless Women. But Do They Then Discriminate Against Mothers?
- What Can’t Continue, Won’t
- Are The Obama Administration’s Policies Making The Recession Worse?
- Suncor Disposes North Sea Assets
- Aon Prices Senior Notes
- NYSE, APX JV Forms NYSE Blue
- Quality Systems Stays Neutral
- Accenture Clinches Defense Order
- The Tortoise Economy
- Vertex’s Telaprevir Encourages
- Mixed Bag For NCI Buildings
- Oracle Declares War With HP By Hiring Hurd
- A Lunar Cycle Strategy
- Growth & Income Stock: The J.M. Smucker Company
- Coca-Cola Enterprises Offers Guidance
- NiSource To Offer $400M In Equity
- How To Tie Your Shoes Really Fast
- BMY To Acquire ZymoGenetics
- Equipment Expensing As Low-Cost Financing
- St. Jude Invests In CardioMEMS
- Gotta Love Wal-Mart
- Allowing Businesses To Expense Their Investments – A Sustainable Tax Policy
- Crude Postures For A Breakout But Gold Needs Momentum For Record Highs
- August Housing Data Miserable (Again)
- Economic Picture Brightens In GA, 10 Other States
- Casey’s Q1 Meets Expectations
- JA Solar Gets Supply Contracts
- Job Openings Up By 744,000 (30%) Since Last Year
- Lincoln, Hartford Warrants On Sale
- APD’s Fourth Bid For Airgas
- AngioDynamics Q1 View Disappoints
- HP Is Right To Sue Mark Hurd
Posted: 08 Sep 2010 06:15 PM PDT ( click to enlarge ) JA Solar Holdings Co., Ltd. (NASDAQ:JASO) broke out $6.95 to new 52 week high with a huge volume above daily average. Technicaly chart shows the stock is still in a very strong bull market with MACD on top of signal line and 50 day moving average on top of 200 day moving average, so we should see the stock keep going strong for a while. I’ll be watching JASO on Thursday for a follow through move. I am buying the stock once it breaks Wednesday's high of $7.35. … [visit site to read more] |
Singapore And Thailand – Two Asian Economies Flying Under The Radar Posted: 08 Sep 2010 05:45 PM PDT You know about China, India, and maybe even Korea, but there are two other Asian economies making waves in the South China Sea. I’m talking about Singapore and Thailand. While the U.S. economy would be really lucky to poke along at a 3% annualized rate this year and next, the fast-growing countries on the other side of the globe are ripping higher. Regional analysts surveyed by Bloomberg News survey said they see Singapore expanding at a record pace this year of 14.9% due to … [visit site to read more] |
Posted: 08 Sep 2010 05:33 PM PDT A recent CD post highlighted the new “reverse gender gap,” based on a recent study that found evidence that young women’s median full-time salaries are 8% higher than those of their male counterparts. Heather Boushey, senior economist at the Center for American Progress, writes in Slate.com that “young women are earning more than young men because young women are acquiring more skills than the men are.” That makes perfect sense, as Heather explains further: “Among women aged 22 to … [visit site to read more] |
Posted: 08 Sep 2010 04:41 PM PDT A great many corporate executives seem to think they can keep squeezing labor costs with impunity to impress Wall Street analysts and drive up their companys’ share prices. But as with most seemingly unstoppable trends that only really make sense to those with a simplistically myopic focus on cold, hard numbers, the reality in a world where the data reflects the efforts of living, breathing individuals is altogether different. At some point, suggests McClatchy Newspapers in “Employee Stress … [visit site to read more] |
Are The Obama Administration’s Policies Making The Recession Worse? Posted: 08 Sep 2010 03:41 PM PDT I was recently invited to speak on the topic of "Whether the Obama Administration's policies are making the recession worse" and asked to recommend someone to appear with me who would take the opposite position from mine. The interesting thing to me is what do they think my position is on that topic. I'm not sure myself. |
Suncor Disposes North Sea Assets Posted: 08 Sep 2010 03:05 PM PDT Canada’s premier integrated energy company, Suncor Energy (SU), together with an affiliate, signed a deal with a subsidiary of British company Dana Petroleum plc. As per the agreement, Suncor will sell a number of its UK offshore assets for £240 million (approximately C$390 million) to Dana Petroleum, with an effective date of July 1, 2010. |
Posted: 08 Sep 2010 03:05 PM PDT To finance the acquisition of Hewitt Associates, Inc. (NYSE:HEW), Aon Corporation (AON) has priced its public offering of senior unsecured notes aggregating $1.5 billion. Aon anticipates closing the notes offering subject to customary closing conditions on September 10. |
Posted: 08 Sep 2010 03:05 PM PDT In an attempt to enhance its global environmental energy business, NYSE Euronext Inc.'s (NYSE:NYX) Paris-based carbon credits spot market BlueNext entered into a joint venture (JV) with a U.S.-based private entity, APX Inc. to build NYSE Blue. The deal is anticipated to culminate by the end of 2010, subject to regulatory and shareholders' approval. APX provides infrastructure for environmental commodities and energy markets. It has a strong presence in the U.S. renewable energy certificate … [visit site to read more] |
Posted: 08 Sep 2010 02:35 PM PDT We reiterate our Neutral recommendation on Quality Systems (QSII) taking into account its well-recognized brand name as a provider of Electronic Health Record (EHR). At the same time, the ambulatory space, which is of concern to the company, is becoming more crowded, especially at the low-end of the market. |
Accenture Clinches Defense Order Posted: 08 Sep 2010 02:35 PM PDT Technology services and outsourcing company Accenture Inc. (NYSE:ACN) recently disclosed that it has won a four-year $73.0 million contract from the U.S. Defense Logistics Agency (DLA). As per the contract, the company will restructure DLA's energy supply chain into the enterprise business system (EBS). |
Posted: 08 Sep 2010 02:32 PM PDT Word from the twelve Federal Reserve Banks, summarized in the Fed's so-called "Beige Book," shows the economy slowing in July and August. |
Vertex’s Telaprevir Encourages Posted: 08 Sep 2010 02:05 PM PDT Recently, Vertex Pharmaceuticals (NASDAQ:VRTX) announced positive results from a late-stage study (n=662) of its lead pipeline candidate, telaprevir. It was observed that 65% patients infected with hepatitis C virus (HCV) achieved sustained viral response (SVR or viral cure) on being treated with a telaprevir-based therapy. This compared favorably to 17% patients achieving viral cure on being treated with placebo. Vertex has joined hands with Johnson & Johnson (NYSE:JNJ) and Mitsubishi Tanabe … [visit site to read more] |
Posted: 08 Sep 2010 02:05 PM PDT Metal products manufacturer NCI Building Systems Inc. (NCS) reported third-quarter fiscal 2010 operating loss of 64 cents per share compared to operating earnings of 95 cents per share in the year-ago quarter. The results of the company were in line with the Zacks Consensus Estimate. |
Oracle Declares War With HP By Hiring Hurd Posted: 08 Sep 2010 01:57 PM PDT By Dian L. Chu, In addition to suing Mark Hurd, HP, the tech industry’s largest player, also filed a lawsuit against Oracle, charging that its hiring of former HP CEO Mark Hurd will lead to leaked trade secrets. Then, Larry Ellison stated that “Oracle has long viewed HP as an important partner,” and that “By filing this vindictive lawsuit against Oracle and Mark Hurd, the HP board is acting with utter disregard for that partnership, our joint customers, and their own shareholders and … [visit site to read more] |
Posted: 08 Sep 2010 01:37 PM PDT Alright, Lunies, your anticipation is about to be satisfied. Here are the stats for the Lunar Cycle phase completed today (click on table to enlarge): The moon keeps racking up a good score. Both halves of this month’s cycle turned out to work and by a wide margin. During the Waxing to Full phase, the moon cooperated by taking a whopping 6.17% beating; during the Waning to New phase which just ended, the market climbed 4.47%. |
Growth & Income Stock: The J.M. Smucker Company Posted: 08 Sep 2010 01:35 PM PDT The J.M. Smucker Company (NYSE:SJM) recently beat Zacks Consensus Estimate by 9%. It was its ninth consecutive earnings surprise. |
Coca-Cola Enterprises Offers Guidance Posted: 08 Sep 2010 01:35 PM PDT Yesterday, Coca-Cola Enterprises (NYSE:CCE) provided an update on its full-year 2010 earnings guidance and long-term financial objectives following the divestiture of its North American bottling wing to The Coca-Cola Company (NYSE:KO). Full-Year 2010 Guidance Update Coca-Cola Enterprises increased its earnings guidance to a range of $1.78 to $1.82 per share from $1.73 to $1.77 per share provided during the second-quarter earnings call. The revised guidance includes a negative currency impact of … [visit site to read more] |
NiSource To Offer $400M In Equity Posted: 08 Sep 2010 01:35 PM PDT Energy utility NiSource Inc. (NYSE:NI) announced that it will sell $400 million of its common stock through Credit Suisse Securities under a forward sales agreement. NiSource intends to utilize the net proceeds from the equity offering for general corporate purposes, which includes funding for its infrastructure investments. Going forward, NiSource aims to spend $1 billion a year on infrastructure investments. As per the underwriting agreement, the underwriters to the issue were given an option … [visit site to read more] |
How To Tie Your Shoes Really Fast Posted: 08 Sep 2010 01:11 PM PDT |
Posted: 08 Sep 2010 01:05 PM PDT Bristol-Myers Squibb Co. (NYSE:BMY) announced its decision to acquire ZymoGenetics Inc. (NASDAQ:ZGEN) for $9.75 per share in cash. The offer price represents a premium of approximately 84% over ZymoGenetics' closing price of $5.30 on Sep 7, 2010. Bristol-Myers aims to bolster its pipeline, especially for hepatitis C, through this acquisition. The merger has been approved by the boards of both companies. The deal, which is expected to hurt Bristol-Myers' 2010 and 2011 earnings by 3 cents and 7 … [visit site to read more] |
Equipment Expensing As Low-Cost Financing Posted: 08 Sep 2010 01:05 PM PDT Small businesses are still having a hard time borrowing to invest in new plant and equipment, despite very low interest rates. So how do we go about letting them do more investment and thus put more people to work? Well, the government could give them a loan to do it, but that would be a big step in the direction of more government involvement in the private sector. It already does some of it through SBA (Small Business Administration) guarantees on loans. But I'm not sure we want to have a … [visit site to read more] |
St. Jude Invests In CardioMEMS Posted: 08 Sep 2010 01:05 PM PDT Medical devices major St. Jude Medical (NYSE:STJ) has inked an agreement to invest $60 million in privately-held cardiac devices maker CardioMEMS Inc, for a 19% stake in the entity. The deal also includes an exclusive option for St. Jude to fully acquire CardioMEMS for $375 million should the latter achieve certain undisclosed milestones. St. Jude has stated that the agreement will have no impact on its 2010 earnings per share outlook. BofA Merrill Lynch, a unit of Bank of America (NYSE:BAC), and … [visit site to read more] |
Posted: 08 Sep 2010 01:04 PM PDT Walmart and Sam’s Club to Offer $24 Flu Shots in More Than 4,100 Stores and Clubs Across U.S. BENTONVILLE, Ark., Sept. 1, 2010 – Walmart and Sam's Club announced today that flu shots powered by Mollen Immunization Clinics will be available in more than 4,100 select stores and clubs nationwide for $24 beginning today. Customers can visit www.walmart.com/flushots or http://www.samsclub.com/ to find specific dates, times and locations for the flu vaccination … [visit site to read more] |
Allowing Businesses To Expense Their Investments – A Sustainable Tax Policy Posted: 08 Sep 2010 01:01 PM PDT In what the Wall Street Journal hails as "one of his most dramatic gestures to business," President Obama is proposing companies be allowed to write off 100% of their new investment in plant and equipment through 2011. Democrats are lukewarm to the idea as it doesn't "stimulate demand"; Republicans are shooting down the idea, too. Few seem to realize is that allowing businesses to expense their investments may be the single most effective policy tool available to promote … [visit site to read more] |
Crude Postures For A Breakout But Gold Needs Momentum For Record Highs Posted: 08 Sep 2010 01:01 PM PDT North American Commodity Update |
August Housing Data Miserable (Again) Posted: 08 Sep 2010 12:56 PM PDT The August Credit Suisse First Boston Survey of Real Estate was released today. The results of the comprehensive (fifty major residential markets), boots on the ground, reliable yardstick for residential home predictive behavior paints another gloomy picture for the housing market despite record low mortgage rates. Home prices are declining across the country at a faster rate and are now at early 2009 levels, which correlates to the depths of the (first) recession plunge. Key factors are … [visit site to read more] |
Economic Picture Brightens In GA, 10 Other States Posted: 08 Sep 2010 12:50 PM PDT I’ve been reporting on the significant gains in state tax revenues for the month of August (as of today, eleven states have reported gains, see this CD post), as a sign of solid economic recovery that is generating higher state collections from personal income taxes, sales taxes, excise taxes, etc. Here’s another example from Georgia, which just report August tax revenues this afternoon: “Georgia's economy is showing signs of awakening from a nearly three-year slumber.Gov. Sonny Perdue … [visit site to read more] |
Posted: 08 Sep 2010 12:35 PM PDT Convenience stores operator, Casey's General Stores Inc.'s (NASDAQ:CASY) fiscal 2011 first-quarter GAAP net income declined 15.6% to $37.3 million from $44.2 million in the year-ago period. Excluding legal and advisory expenses related to the hostile takeover offer by Canadian convenience stores giant Alimentation Couche-Tard Inc., Casey's posted adjusted earnings of 81 cents per share in the quarter, matching the Zacks Consensus Estimate. During the quarter, Casey's total revenue recorded … [visit site to read more] |
JA Solar Gets Supply Contracts Posted: 08 Sep 2010 12:35 PM PDT Leading pure-play solar cell company, JA Solar Holdings Company Ltd. (NASDAQ:JASO) signed multiple supply agreements with several customers to provide over 500MW of mono-crystalline and multi-crystalline solar cells. Under the terms of the agreements, JA Solar will supply these customers with solar cells beginning in January 2011 through December 2011. These supply agreements entail prepayments for committed solar cell delivery in 2011. JA Solar caters to a geographically-diversified … [visit site to read more] |
Job Openings Up By 744,000 (30%) Since Last Year Posted: 08 Sep 2010 12:23 PM PDT Today the BLS released its latest figures on Job Openings and Labor Turnover, and reported that job openings increased by 178,000 in July, following decreases of 75,000 in May and 363,000 in May. However, since the first of the year job openings have increased by 511,000, and by 704,000 since last July (+30%). Private-sector job openings have improved by 677,000 over the last year, from 2.04 million in July 2009 (the trough) to 2.72 million in July of this year, representing a 33% … [visit site to read more] |
Lincoln, Hartford Warrants On Sale Posted: 08 Sep 2010 12:05 PM PDT As part of the bailout funds repayment by the insurers through the Troubled Asset Relief Program (TARP), the US Treasury Department plans to conduct auctions to dispose of its remaining warrants held in Lincoln National Corporation (NYSE:LNC) and Hartford Financial Services Group Inc. (NYSE:HIG). During the recession of 2009, the US Treasury provided financial aid to many banks and financial institutions and received warrants in exchange. A warrant gives the purchaser the right to buy common stock … [visit site to read more] |
Posted: 08 Sep 2010 12:05 PM PDT Airgas Inc. (NYSE:ARG) has received yet another revised offer from Air Products & Chemicals Inc. (NYSE:APD) for the former's acquisition in an all-cash transaction. Air Products has now raised the bid offer to $65.50 a share valuing the company at $5.5 billion, from $63.50 a share offered in early July. The board of directors of Airgas will review the tender offer. |
AngioDynamics Q1 View Disappoints Posted: 08 Sep 2010 12:05 PM PDT Shares of therapeutic and diagnostic devices maker AngioDynamics (NASDAQ:ANGO) fell following the company's disappointing preliminary first-quarter fiscal 2011 results which trailed Street expectations. The company is slated to release final results for the quarter with updated fiscal 2011 outlook on Oct 7, 2010. Queensbury, New York-based AngioDynamics stated that it expects to post first-quarter revenues and earnings per share of roughly $51.5 million and 7-8 cents, respectively, which is … [visit site to read more] |
Posted: 08 Sep 2010 11:30 AM PDT By Dian L. Chu, Hewlett-Packard Co. slapped Mark Hurd, the CEO it ousted last month, with a law suit soon after rival Oracle Corp. named Hurd as Co-president and Director. HP claims that Hurd cannot perform his job at Oracle without violating a confidentiality agreement. Upon his exit of HP, Hurd signed a confidentiality pact protecting HP`s trade secrets and confidential information with a time frame of 24 months, as part of a condition of receiving a golden … [visit site to read more] |
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