Wednesday, September 15, 2010

Daily Markets - Stock Picks For Thursday: Yahoo, Level 3 Communications, NutriSystem, THQ

Daily Markets - Stock Picks For Thursday: Yahoo, Level 3 Communications, NutriSystem, THQ

Stock Picks For Thursday: Yahoo, Level 3 Communications, NutriSystem, THQ

Posted: 15 Sep 2010 06:06 PM PDT

( click to enlarge )

The outlook for Yahoo! Inc. (NASDAQ:YHOO) is now positive and a move to 14.50-14.75 appears likely. The positive outlook would be in force as long as the stock remains above the 50-day moving average (now 14.04). Remain invested with a stop-loss at $14.04. The technical daily chart show a continuation of the trend with MACD and RSI trending upwards.

( click to enlarge )

Level 3 Communications, Inc. (NASDAQ:LVLT) has recovered from its yesterday’s … [visit site to read more]

Global Liquidity Drying Up Leaves Commodities, Stocks And Economies At Risk!

Posted: 15 Sep 2010 05:01 PM PDT

Last week I wrote about how mutual fund cash holdings had fallen to a 3.4 percent record low. That means mutual fund managers have never been more highly invested in the stock market than they are now!

History shows that low points in the mutual fund cash quote have been near perfect signals to get out of the stock market. But I think it's smart to have additional confirmation.

So today I want to discuss another very important indicator that is part of my stock market and business … [visit site to read more]

The Pain Trade

Posted: 15 Sep 2010 04:37 PM PDT

Ahhh, I think I figured it out.
The bulls keep getting whacked with the economic equivalent of a baseball bat — see below for the latest example — and yet they come back for more.
That suggests one of two things: they are like crash dummies, those mindless automatons that are oblivious to danger even though — you guessed it — they invariably end up with their faces smashed.
Or perhaps they just love pain — lots of it — and want to make sure they are “all in” when the bottom falls … [visit site to read more]

Positive Data From Forest-Ironwood

Posted: 15 Sep 2010 03:05 PM PDT

Forest Laboratories Inc. (FRX) and Ironwood Pharmaceuticals Inc. (IRWD) recently announced positive top-line results from a late-stage trial of linaclotide, which is being studied for the treatment of irritable bowel syndrome with constipation or chronic constipation. The phase III trial (LIN-MD-31) was conducted to access the efficacy and safety of linaclotide compared to placebo.

In addition to meeting all four primary efficacy endpoints, linaclotide also demonstrated significant … [visit site to read more]

AMMD Gets Favorable Court Ruling

Posted: 15 Sep 2010 03:05 PM PDT

Leading pelvic-health devices maker American Medical Systems (AMMD) has received a favorable court ruling related to its patent infringement dispute with Germany-based medical laser systems and optical fibers maker Biolitec AG.

The U.S. Court of Appeals for the Federal Circuit overruled a summary judgment of the District Court for the District of Massachusetts, which previously found that Biolitec did not infringe on American Medical's patent.

American Medical sued Biolitec back in 2007, … [visit site to read more]

Salesforce Chatter Performs Well

Posted: 15 Sep 2010 02:35 PM PDT

Leading on-demand Customer Relationship Management (CRM) and cloud computing company Salesforce.com (CRM) recently announced that the Salesforce Chatter platform has been successfully integrated by Stratus Technology, considerably enhancing the company's IT efficiency.

Stratus provides a cutting edge technology to its end customers, which keep their online businesses uninterrupted. The company first adopted the Salesforce CRM applications in 2004, gradually moved on to Sales and Service … [visit site to read more]

Extended Space Deal For Boeing

Posted: 15 Sep 2010 02:05 PM PDT

Boeing Company (BA) has received an extension of contract from NASA to carry out the sustaining engineering work on the International Space Station (ISS). The new $1.24 billion extension contract will begin from October 1, 2010 and will continue over a period of five years.

As per the extended contract, Boeing will provide engineering support for hardware and software on the U.S. segment of the ISS and also on the common hardware and software available to the international partners. Boeing … [visit site to read more]

Airgas To Suppy Gases In Tennessee

Posted: 15 Sep 2010 02:05 PM PDT

In order to meet the rising demand for industrial gases in Tennessee, Airgas, Inc. (ARG) has signed a long-term contract to supply nitrogen and other gases to Hemlock Semiconductor, LLC by building an air separation unit (ASU) facility. However, Airgas did not disclose the financial terms of the deal.

Hemlock Semiconductor, which is largely owned by Dow Corning Corporation, is a dominant provider of polycrystalline silicon used in manufacturing semiconductors and solar cells.

According to the … [visit site to read more]

BB&T To Dispose Of Bad Loans

Posted: 15 Sep 2010 01:35 PM PDT

On Tuesday, while speaking at Barclays Global Financial Services Conference, BB&T Corp.'s (BBT) chief executive officer (CEO) Mr. Kelly King stated that the company will reclassify more than $1 billion non-performing assets (NPAs) into loans held-for-sale in the third quarter 2010. Moreover, the company will try to sell these assets to investors over the next 2-3 quarters.

Earlier this year, BB&T had tried to sell problem loans in large blocks but did not receive expected bid values. … [visit site to read more]

Torchmark To Divest Subsidiary

Posted: 15 Sep 2010 01:05 PM PDT

Life and health insurer, Torchmark Corp. (NYSE:TMK) announced that its subsidiary Liberty National Life Insurance will divest its wholly owned subsidiary, United Investors Life Insurance Co. to Protective Life Insurance Company. The buyer is a primary life subsidiary of Protective Life Corp. (PL).
 
The transaction, announced yesterday, will bring $648 million to Liberty. The breakup structure of this total consideration includes $316 million as purchase price from Protective and $332 million … [visit site to read more]

MasterCard Sanctions $1B Buy-Back

Posted: 15 Sep 2010 01:05 PM PDT

On Tuesday, the board of the global payment solution giant, MasterCard Inc. (MA), approved and authorized the stock buy-back program worth $1 billion class A shares through open market operations. Although the approval is effective immediately, stocks will be repurchased from time to time, depending on market conditions.

The decision for the stock repurchase came in with company's share performance in the market, where card companies such as MasterCard and Visa Inc. (V) have been … [visit site to read more]

Garmin To Shutter Smartphone Biz?

Posted: 15 Sep 2010 12:35 PM PDT

Many people may not know that Garmin (GRMN), the maker of personal navigational devices, has also tried its luck with smartphones — and has struggled to make a mark. Now, the company admits that sales of Nuvifone, the navigation-enabled smartphone, have been dismal, and it is examining options that may include shuttering the business altogether.

Garmin had once hoped Nuvifone would vault it into the league of iPhone and Android, but cut-throat competition and Google's (GOOG) announcement in … [visit site to read more]

Equinix & Glowpoint Form Alliance

Posted: 15 Sep 2010 12:35 PM PDT

Leading data center solutions provider Equinix Inc. (EQIX) announced that it will set up a strategic alliance with Glowpoint Inc. This alliance will benefit member companies and facilitate broadcasters of live programs.
 
Founded in 1991 and headquartered in Hillside, New Jersey, Glowpoint provides managed services for telepresence and video conferencing, business-to-business telepresence, and video exchange services that enable video communications over disparate networks and technology … [visit site to read more]

Nucor’s Muted Outlook

Posted: 15 Sep 2010 12:35 PM PDT

Shares of Nucor Corporation (NYSE:NUE), the largest recycler of steel scrap in the US, fell 3.07% or $1.25 and closed at $39.41 on September 14, 2010 after projecting a weak third quarter 2010 guidance. Nucor stated that the ongoing slowdown across its product lines, especially in the flat rolled business in the backdrop of an economic uncertainty would get reflected in the third quarter results. Residential and non-residential construction markets remain challenging for Nucor's downstream … [visit site to read more]

STLD’s Dismal 3Q Guidance

Posted: 15 Sep 2010 12:35 PM PDT

Steel Dynamics Inc. (STLD), one of the leading steel producers in the US, forecasts a bleak third quarter for 2010. The company expects subdued performance in the Steel segment to impact results negatively in the upcoming quarter. It foresees net earnings of a meager 5 to 10 cents per share. Lower selling prices particularly in the sheet and structural steel operations would reduce net earnings substantially from last year's net earnings of 30 cents.
 
Steel Dynamics assumes a 4 cents … [visit site to read more]

Interesting Fact Of The Day – Coincidence?

Posted: 15 Sep 2010 11:39 AM PDT

As I reported yesterday, according to the Council of Graduate Schools’ latest report, there are four out of 11 graduate fields of study where men are over-represented by enrollment: Business, Engineering, Mathematics and Computer Science, and Physical and Earth Sciences, seven fields where women are over-represented: Arts and Humanities, Biology, Education, Health Sciences, Public Administration, Social and Behavioral Sciences, and Other Fields.  

For the four most … [visit site to read more]
at

No comments:

Post a Comment