Daily Markets - Stock Picks For Wednesday 15 September: ReneSola, JA Solar, THQ, Suntech Power Holdings |
- Stock Picks For Wednesday 15 September: ReneSola, JA Solar, THQ, Suntech Power Holdings
- Business In India Is Booming
- Computer Sciences On A Roll
- Gold Rallies To A Record High And Crude Retreats, But Not Due To Risk Appetite
- BP Buys Into South China Sea Block
- Meridian Bullish About Fiscal 2011
- Novell Unveils Cloud Manager
- Varian TrueBeam’s Dutch Debut
- Emerging Markets And Precious Metals Lead August ETF Inflows
- Three Dividend Producing ETFs Worth A Look
- Zumiez Raises 3Q Outlook
- Analyst Interviews: Retail Industry Outlook
- CTIC To Challenge FDA Decision
- Citi Stands By $75M SEC Settlement
- Strong August Sales At Grainger
- Baker Hughes Active In Brazil
- LA Port Shipping Is Back To Pre-Recession ’07 Level
- Schwab Rating Affirmed By Fitch
- Liberty’s Share Buyback Plans
- Forest Labs Responds To CRL
- Gilead Reports Positive Quad Data
- Forex Trading: AUDUSD Surges To 2 Year Highs.
- CPTS To Enhance Physician Training
- Alcoa Joins Forces With Textron
- How To Trade As The Stock Market Approaches Key Resistance
- Hot Stock Options Plays For Tuesday: Volcano, J.C. Penney, QLogic, iShares MSCI Brazil Index ETF
- WPP Group’s G2 Acquires DPI
- Cliffs Revises Outlook
- Forex Trading: USDCAD Moves Back Higher As Oil Prices Move Lower
- Forex Trading: GBPUSD Makes It Through The Next Level.
- BNSF Selects Dell’s Services
- The Budget Deficit Is Falling!
- ITW Acquires Panreac Group
- A New ETF To Play The Emerging Market Consumer
- Forex Trading: EURUSD Watching 1.3000 Level Below.
| Stock Picks For Wednesday 15 September: ReneSola, JA Solar, THQ, Suntech Power Holdings Posted: 14 Sep 2010 06:05 PM PDT ( click to enlarge ) ReneSola Ltd. (NYSE:SOL) made a strong upside reversal today and looks like it wants to make a run to new 52-week highs. Watch the stock closely on Wednesday, and once it breaks through $10.26, get ready to enter the trade. The technical chart above shows a continuation of the uptrend. MACD and RSI are bullish, although RSI suggests an over-bought condition. SOL can be a volatile stock, so be careful with your share size. ( click to enlarge … [visit site to read more]
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| Posted: 14 Sep 2010 05:01 PM PDT In the investment world, there’s often so much talk about China in the United States that the tremendous success in India gets short shrift. But business there is booming. The world’s third-fastest growing economy is set to expand by 8.5% this year, the most in the past half-decade. Such rapid growth has compelled the central bank to lift interest rates four times in the past six months. Compare that with the U.S. Federal Reserve, which has made clear it intends to keep rates low … [visit site to read more]
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| Posted: 14 Sep 2010 04:35 PM PDT |
| Gold Rallies To A Record High And Crude Retreats, But Not Due To Risk Appetite Posted: 14 Sep 2010 04:08 PM PDT North American Commodity Update
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| BP Buys Into South China Sea Block Posted: 14 Sep 2010 03:05 PM PDT BP plc (BP) is gainning momentum with its upstream activities amid continuous debate on the company's ability to complete the relief well to stop the Macondo leak in the Gulf of Mexico. BP has purchased a 40.82% stake in block 42/05 in the South China Sea’s Pearl River Mouth Basin from Devon Energy (DVN). Chevron Corp. (CVX) acquired the remaining 59.18% interest and will be the operator during the exploration phase. However, Chinese offshore player CNOOC Ltd. (CEO) will hold as much as 51% … [visit site to read more]
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| Meridian Bullish About Fiscal 2011 Posted: 14 Sep 2010 03:05 PM PDT Shares of Meridian Bioscience (VIVO) got some boost as the diagnostic test kit maker released an optimistic outlook for fiscal 2011 (ending Sep 30, 2011). The company expects a rebound from a beleaguered fiscal 2010 as it was hit by a dreary influenza season, competition and a soft economy. For fiscal 2011, Meridian envisions net sales in the range of $165 to $170 million with earnings per share expected between 77 cents and 82 cents. Net income (excluding acquisition costs) has been projected … [visit site to read more]
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| Posted: 14 Sep 2010 03:05 PM PDT Enterprise software developer Novell Inc. (NOVL) announced the launch of Novell Cloud Manager. This new solution enables users to create and manage cloud computing environment more efficiently as compared with proprietary technology stacks. With the official launch of Cloud Manager, Novell continues to proceed on the path of cloud computing, which includes its WorkloadIQ product roadmap, a series of products catering to the needs of intelligent workload management (IWM). Novell's Cloud … [visit site to read more]
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| Posted: 14 Sep 2010 02:35 PM PDT Leading integrated radiotherapy systems maker Varian Medical (VAR) has achieved an important clinical milestone as its TrueBeam therapy system successfully treated the first cancer patient in the Netherlands. Doctors used the novel treatment procedure to treat a lung cancer patient at VU University Medical Center ("VUmc") in Amsterdam. The patient was treated with eight stereotactic body radiosurgery (SBRS) over a two-week period using TrueBeam with Varian’s coveted RapidArc radiotherapy … [visit site to read more]
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| Emerging Markets And Precious Metals Lead August ETF Inflows Posted: 14 Sep 2010 02:17 PM PDT In a report released by independent investment research provider, Morningstar Inc. (NASDAQ:MORN), asset outflows from domestic equity exchange traded funds [[ETFs]] contributed to net outflows of $1.3 billion from U.S. ETFs in August, ending a six-month streak of consecutive monthly inflows. Emerging markets continue to have appeal. International-stock ETFs had inflows of $4.4 billion, the highest of all asset classes for the … [visit site to read more]
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| Three Dividend Producing ETFs Worth A Look Posted: 14 Sep 2010 02:17 PM PDT With the Federal Reserve determined to keep interest rates at near record lows, many investors are turning to dividend yielding investments to generate income and for good reason.
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| Posted: 14 Sep 2010 02:05 PM PDT Specialty retailer Zumiez Inc. (ZUMZ) raised sales and earnings outlook for third-quarter 2010 on the back of better-than-expected sales and product margins. Zumiez increased its third-quarter earnings guidance to a range of 25 cents to 27 cents, from a prior range of 21 cents to 24 cents provided during the second quarter conference call. Zumiez expects comparable store sales to increase in the mid-single-digits for the rest of the third quarter, resulting in a high single-digit comparable … [visit site to read more]
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| Analyst Interviews: Retail Industry Outlook Posted: 14 Sep 2010 01:35 PM PDT The economic recovery post-downturn still remains fragile and requires a boost from a sustained and significant improvement in jobs creation and income growth. A turnaround in the jobs and income scenario will finally outweigh other drags such as tighter credit. On September 15, 2009, the Federal Reserve Chairman issued a statement that the recession was over for the U.S. However, trends indicate that the consequences of recession will go beyond the technical indicators. The number of retail … [visit site to read more]
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| CTIC To Challenge FDA Decision Posted: 14 Sep 2010 01:35 PM PDT Recently, Cell Therapeutics Inc. (CTIC) announced that it will appeal against the decision of the US Food and Drug Administration (FDA) to deny approval to the company's lead candidate, pixantrone. The candidate is being developed for the treatment of relapsed or refractory aggressive non-Hodgkin’s lymphoma (NHL) in patients who have not responded to other treatment options. In April 2010, the FDA denied approval to pixantrone, and issued a complete response letter (CRL) based on issues … [visit site to read more]
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| Citi Stands By $75M SEC Settlement Posted: 14 Sep 2010 01:35 PM PDT Citigroup Inc. (C) has stood by $75 million settlement with the Securities and Exchange Commission (SEC), urging the U.S. judge to approve the arrangement. The settlement is to square off charges for the misleading disclosures of subprime exposures made by Citi in 2007. Besides allegations against the company, the charges also individually targeted two of the Citi executives for preparing and approving deceptive statements. Citi has accepted the agreement as fair, reasonable and in public … [visit site to read more]
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| Strong August Sales At Grainger Posted: 14 Sep 2010 01:05 PM PDT W.W. Grainger Inc. (GWW) continued its streak of strong monthly sales, with August sales growing 20% year over year, riding on the wave of record sales in July that saw a 21% hike, the highest in the year so far.
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| Posted: 14 Sep 2010 01:05 PM PDT Texas-based Baker Hughes Inc. (BHI), one of the largest oilfield service companies in the world, will build an advanced electrical submersible pumping (ESP) system. This new EPS system will be built in a testing and development center in Macae, Brazil. This facility will reduce risks of the deepwater projects and maximize production by qualifying all the system components prior to deployment in the well. It includes a test well for system integration with electrical cable simulation for ESP … [visit site to read more]
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| LA Port Shipping Is Back To Pre-Recession ’07 Level Posted: 14 Sep 2010 12:50 PM PDT I reported yesterday that global trade reached a 26-month high in June, and today’s report from the Port of Los Angeles provides additional statistical evidence of an ongoing boom in international trade activity. Shipping volume reached a 46-month high in August of 763,837 Twenty-foot Equivalent Units (TEUs), the highest monthly shipping activity since October of 2006 (see chart above), and the fourth highest monthly volume in history. Other highlights … [visit site to read more]
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| Schwab Rating Affirmed By Fitch Posted: 14 Sep 2010 12:35 PM PDT On Monday, Fitch Ratings affirmed its long term issuer default rating (IDR) on Charles Schwab Corp. (SCHW) at"A". The rating outlook remained "Stable". The rating agency expects the company's overall financial performance to remain satisfactory over the near term.
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| Posted: 14 Sep 2010 12:35 PM PDT Liberty Global Inc. (LBTYA) recently raised its share buy back program by an additional $212 million. This will increase the company's total share repurchase program to approximately $1 billion, of which $787 million of shares are repurchased so far. Under the new repurchase program, Liberty Global will acquire Series A common stock, Series C common stock, or any combination of Series A and Series C common stock.
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| Posted: 14 Sep 2010 12:05 PM PDT Forest Laboratories Inc. (FRX) recently announced that it has submitted a response to the complete response letter (CRL) issued by the US Food and Drug Administration (FDA) in mid-May for Daxas (roflumilast). Forest Labs and partner, Nycomed GmbH, are looking to get Daxas approved for the treatment of reduction of chronic obstructive pulmonary disease (COPD) exacerbations associated with chronic bronchitis in patients at risk of exacerbations.
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| Gilead Reports Positive Quad Data Posted: 14 Sep 2010 12:05 PM PDT Gilead Sciences Inc. (GILD) recently announced results from a mid-stage trial of its four-in-one combination pill, Quad, which is being evaluated for the treatment of HIV. It was observed that after 48 weeks, about 90% of the patients in the Quad arm, experienced a reduction in viral load factor (less than 50 copies/mL) as compared to 83% in the Atripla arm.
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| Forex Trading: AUDUSD Surges To 2 Year Highs. Posted: 14 Sep 2010 11:57 AM PDT The AUDUSD has moved to new highs not seen since July 2008. The November 2010 high of 94.05 was broken and a move to a new high at 94.57 has been reached. The topside has some topside trendline resistance at 94.55 currently that gives new shorts something to sell against. However, the question is what can that short parlay into as far as a gain? I would expect that there should be support against the low at 94.05. A break of the trendline at the 94.55 area, should lead to further gains … [visit site to read more]
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| CPTS To Enhance Physician Training Posted: 14 Sep 2010 11:35 AM PDT Recently, Conceptus Inc. (NASDAQ:CPTS) entered into a mutually exclusive agreement with Switzerland-based VirtaMed AG, whereby the latter has been made the exclusive supplier for virtual training of the Essure procedure. Earlier, in 2009, the two companies developed EssureSim simulator to improve physicians' training.
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| Alcoa Joins Forces With Textron Posted: 14 Sep 2010 11:35 AM PDT Textron Marine & Land Systems, an operating unit of Textron Systems, a subsidiary of Textron Inc. (NYSE:TXT), in a smart move added Alcoa Defense, a business unit of Alcoa Inc. (NYSE:AA) to its Ship-to-Shore Connector (SSC) program bidding team. Textron along with its partner in SSC team, L-3 Communications Inc. (NYSE:LLL) is actively competing for the Navy's Ship-to-Shore Connector (SSC) program.
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| How To Trade As The Stock Market Approaches Key Resistance Posted: 14 Sep 2010 11:29 AM PDT Here we are again, testing the key 1,130 target overhead resistance level for the third time in the last three months. The simple question is "Will resistance hold or will it break?" and of course you can get a lot more complex than that, but I strongly advocate you think in those terms – as simply as possible – and plan for a scenario to trade if resistance breaks or if resistance holds. That way you won't be caught off guard. Let's see what I mean: First of … [visit site to read more]
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| Hot Stock Options Plays For Tuesday: Volcano, J.C. Penney, QLogic, iShares MSCI Brazil Index ETF Posted: 14 Sep 2010 11:25 AM PDT Volcano Corp. (NASDAQ:VOLC) – One contrarian options investor is positioning for a rebound in the medical equipment maker's shares today by initiating a three-legged bullish combination play in the January 2011 contract. San Diego, CA-based Volcano's shares fell as much as 13.2% this morning to touch down to an intraday low of $22.27, but are currently down 8.00% to stand at $23.59 as of 11:20 am ET. The optimistic options player is preparing for Volcano's shares to reverse course, … [visit site to read more]
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| Posted: 14 Sep 2010 11:05 AM PDT WPP Group Plc's (NASDAQ:WPPGY) wholly-owned operating company G2 acquired the majority stake in DPI, Greater China’s leading integrated shopper-marketing consultancies. G2 specializes in building brands outside traditional advertising. The company is ranked fifth among the top global marketing services agencies.
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| Posted: 14 Sep 2010 11:05 AM PDT Iron mining giant, Cliffs Natural Resources Inc. (NYSE:CLF) updated its 2010 North American Coal outlook. The company's revised full-year 2010 North American Coal sales volume is 3.9 million tons including about 3.4 million tons of metallurgical coal and 500,000 tons of thermal coal. The sales guidance also includes results from the recently acquired INR Energy, a privately held producer and exporter of high volatility metallurgical and thermal coal in West Virginia. Cliffs' anticipate … [visit site to read more]
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| Forex Trading: USDCAD Moves Back Higher As Oil Prices Move Lower Posted: 14 Sep 2010 11:00 AM PDT |
| Forex Trading: GBPUSD Makes It Through The Next Level. Posted: 14 Sep 2010 10:43 AM PDT The GBPUSD has moved above the next target at the 1.5562 (38.2% retracement) and approaches the next targets at the 1.5595 level and 1.5616 (The August 26th and August 23rd highs). The GBPUSD still remains within the narrow month long trading range. Over that time period the price has a 406 pip range. There have only been two instances when the 22 day high to low range has been so low since July 2007. Those days occurred on April 30th and May 3rd 2010.
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| Posted: 14 Sep 2010 10:35 AM PDT Round Rock Texas-based PC maker Dell Inc. (NASDAQ:DELL) recently announced that BNSF Railway (BNSF) will be using its computing, field and managed services. Financial details of this five-year contract were not disclosed.
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| The Budget Deficit Is Falling! Posted: 14 Sep 2010 10:35 AM PDT The Budget Deficit is falling, not rising, although it remains at historically very high levels. In August, the federal government spilled $90.23 billion worth of red ink — $13.03 billion, or 12.6%, less than it spilled in August 2009. The data, while extremely seasonal, is not seasonally adjusted, so looking at the month-to-month change is worse than irrelevant, it is highly misleading. However, what is worth looking at to get a longer-term perspective, is the fiscal year-to-date deficit … [visit site to read more]
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| Posted: 14 Sep 2010 10:35 AM PDT Illinois Tool Works Inc. (NYSE:ITW) recently acquired Europe-based chemical company, Panreac Group. The terms of the transaction were not disclosed. Panreac Group serves particularly the laboratory, pharmaceutical, cosmetic and food industries.
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| A New ETF To Play The Emerging Market Consumer Posted: 14 Sep 2010 10:17 AM PDT
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| Forex Trading: EURUSD Watching 1.3000 Level Below. Posted: 14 Sep 2010 09:37 AM PDT The EURUSD has moved above the upper boundary of a topside trendline at the 1.3000 level. The corrective move after the last break has come down to 1.3005. The market longs will likely pay attention to this level. Failure to break below this level continues to target the 1.3047 level which is the 61.8% retracement of the move down from the August high to the August … [visit site to read more]
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