Tuesday, September 21, 2010

Daily Markets - Stock Picks For Wednesday: ReneSola, JA Solar, Banner Corporation

Daily Markets - Stock Picks For Wednesday: ReneSola, JA Solar, Banner Corporation

Stock Picks For Wednesday: ReneSola, JA Solar, Banner Corporation

Posted: 21 Sep 2010 06:12 PM PDT

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ReneSola Ltd. (NYSE:SOL) has made an awesome move today. The stock hit new highs of $11.37, which is resistance for the follow through move on Wednesday. If SOL can break through highs, we should see another high volume move as the stock moves higher. Keep it on your radar.

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JA Solar Holdings Co., Ltd. (NASDAQ:JASO) set new 52-week highs today, as the stock was one of the hottest stocks in the clean energy space. JASO hit a high of $8, … [visit site to read more]

FOMC’s Increasingly Accomodative Lean Pushes Gold To Record, Oil Lower

Posted: 21 Sep 2010 05:08 PM PDT

North American Commodity Update
Commodities – Energy
Fed's Bearish Outlook Offsets the Promise of Additional Stimulus Down the Line for Energy Traders
Crude Oil (LS Nymex) – $73.52 // -$1.34 // -1.79%
Energy traders were following exactly the same track that equities investors were taking Tuesday as the masses prepared, speculated and reacted to a significant round of event risk. And yet, the ultimate outcome from this collective wave would have a volatile and somewhat convoluted impact on … [visit site to read more]

ARG Wins BA Deal, Contracts Galore

Posted: 21 Sep 2010 03:05 PM PDT

Airgas Inc. (NYSE:ARG), a major provider of safety and industrial-hygiene products for The Boeing Company (NYSE:BA), inked a three-year extension deal for its safety products supply agreement. The contract will contribute $19 million to revenues in the first year.

To date in September, Airgas has signed three other contracts, the details of which are as follows:

A three-year extension to its industrial gases and welding products supply agreement with Kiewit Corporation. The contract will contribute … [visit site to read more]

Athenahealth Reaches CHRISTUS

Posted: 21 Sep 2010 03:05 PM PDT

Leading medical billing and records software provider Athenahealth Inc (NASDAQ:ATHN) has announced that Texas-based non-profit healthcare company CHRISTUS Health has adopted its comprehensive suite of web-based solutions. CHRISTUS will implement Athenahealth's services for its fast expanding "CHRISTUS Provider Network (CPN)" physician network platform that comprises more than 150 physicians across over 40 hospitals in Arkansas, Louisiana and Texas.

CHRISTUS Health will deploy Athenahealth's … [visit site to read more]

Toyota Settles Car Crash Lawsuit

Posted: 21 Sep 2010 02:35 PM PDT

Toyota Motor Corp. (NYSE:TM) has settled a lawsuit filed by relatives of a family killed in a car crash in August last year that triggered the largest-ever global recall of vehicles by the company.

The high-speed crash involved a 2009 Lexus ES350 that killed a California Highway Patrol officer and three members of his family near San Diego. Investigators with the National Highway Traffic Safety Administration had found out a rubber all-weather floor mat in the wreckage that was slightly longer … [visit site to read more]

St. Jude’s Athena DBS Gets CE Mark

Posted: 21 Sep 2010 02:35 PM PDT

St. Jude Medical (NYSE:STJ), a top-tier medical devices company, has received the European CE mark for its new Athena programmer, a deep brain stimulation (DBS) therapy management system. This next-generation DBS programmer, a notebook-based PC, represents the latest addition to the company's DBS product portfolio.

DBS therapy is used to treat the symptoms of Parkinson's disease, a neurological disorder that gradually reduces a person’s control over movements and speech. According to the … [visit site to read more]

Important Distinction: Giving People Tax Cuts Is NOT Giving People Money; It’s ***THEIR*** Money

Posted: 21 Sep 2010 02:19 PM PDT

HT: Paul … [visit site to read more]

The Public Assistance Cycle

Posted: 21 Sep 2010 02:08 PM PDT

Even before the financial crisis struck, many people were living from paycheck to paycheck, hurt by stagnant incomes, the rising cost of essential goods and services, and widespread risk-shifting by employers.
Now that the “recovery” is well underway, a post at the Wall Street Journal’s Real-Time Economics blog, “Watching Wal-Mart at Midnight,” suggests that a growing number of Americans are having to cope with an even more depressing reality:

Bill Simon, CEO of Wal-Mart's U.S. … [visit site to read more]

M&T To Sell Stake To Santander?

Posted: 21 Sep 2010 02:05 PM PDT

M&T Bank (NYSE:MTB) may sell a majority stake to Banco Santander SA (NYSE:STD), according to a Bloomberg report. The report also said that the banks are in consultation, though informally, with the Federal Reserve for sketching a deal. They expect to hear from Federal Reserve by the end of this month.

Both M&T Bank and Santander have been discussing the deal for several months. Santander seeks to merge Sovereign Bank, its U.S. unit, with M&T Bank and take over the control of the entity … [visit site to read more]

Grainger Unit Buys Solus Securite

Posted: 21 Sep 2010 02:05 PM PDT

W.W. Grainger Inc. (NYSE:GWW) announced that its Canadian unit, Acklands-Grainger Inc., has purchased Solus Securite Inc., a leading fire protection and safety distributor in Quebec and has locations in Trois Rivieres, Victoriaville, Montreal and Sorel.

Acklands-Grainger has been operating in Quebec for more than 70 years, meeting the demand of consumers in this province. The Grainger unit had earlier invested in Quebec by acquiring Excel Industries in 2008 to cater to local business … [visit site to read more]

Why No Amount Of Fiscal Or Monetary Stimulus Will Be Enough, Given How Small A Share Of Total Income The Middle Now Receives

Posted: 21 Sep 2010 01:56 PM PDT

Fiscal policy is deadlocked. So, apparently, is monetary policy. 
The Fed's decision today (Tuesday) to keep short-term interest rates near zero is no surprise. What's odd is its apparent decision not to boost the economy by buying hundreds of billions of bonds — despite its acknowledgment that "the pace of recovery in output and employment has slowed in recent months," and that prices are rising too slowly for comfort (i.e., we might be facing deflation). 
Every … [visit site to read more]

The Fed Stays On Hold

Posted: 21 Sep 2010 01:35 PM PDT

As was nearly universally anticipated, the Federal Reserve kept the federal funds rate unchanged at a range between 0.0% and 0.25%. There really is no way to cut the rate further since we are already at zero. Raising rates with no evidence of inflation and the economy operating far below its potential would be, in a word: stupid.

Below I present the current policy statement and the policy statement from their last meeting on August 10th, along with my translation/commentary on a paragraph by … [visit site to read more]

Good News For Optimer Drug

Posted: 21 Sep 2010 01:35 PM PDT

Recently, Optimer Pharmaceuticals, Inc. (NASDAQ:OPTR) announced the submission of the first section of a rolling New Drug Application (NDA) to the US Food and Drug Administration (FDA) for its anti-infective candidate fidaxomicin. Optimer is seeking marketing approval of the candidate for treating patients suffering from clostridium difficile infection (CDI) and for the prevention of the recurrence of the infection.

Optimer expects the submission of the rolling NDA to be completed by the year-end. … [visit site to read more]

Temporary Help Index Continues To Improve

Posted: 21 Sep 2010 01:35 PM PDT

The American Staffing Association (ASA) Staffing Index for temporary and contract employment activity improved by 24.7% for Week 37, the first week of September (data here). This marks the 21st week in a row with percentage gains in the staffing index above 20% compared to the same week in 2009 and the 30th straight week of double-digit percent increases vs. 2009.

The ongoing gains in the ASA Staffing Index in every single week this year compared to 2009 for this … [visit site to read more]

Boston Scientific To Acquire Asthmatx

Posted: 21 Sep 2010 01:05 PM PDT

Boston Scientific (NYSE:BSX) has decided to acquire California based, privately held Asthmatx for an upfront payment of $193.5 million. An additional $250 million is scheduled for payment on achievement of certain milestones till 2019. While the transaction is expected to dilute 2011 and 2012 EPS by 2 cents, it should break even in 2013 and become accretive thereafter. The transaction, subject to clearances, is expected to be completed by the fourth quarter.

Asthmatx is focused on the development … [visit site to read more]

Earnings Preview: General Mills

Posted: 21 Sep 2010 01:05 PM PDT

General Mills Inc. (NYSE:GIS) is scheduled to report its first-quarter 2011 financial results on Wednesday, September 22, 2010. The current Zacks Consensus Estimate for the quarter is 63 cents a share.

Fourth Quarter and Fiscal 2010 Synopsis
General Mills had reported disappointing fourth quarter fiscal 2010 results. For the quarter, adjusted earnings dropped 4.6% to 41 cents per share compared to earnings of 43 cents in the year-ago period. For fiscal 2010, adjusted earnings jumped 16% to $2.30 … [visit site to read more]

Lobbying Charges Shrink For MetLife

Posted: 21 Sep 2010 01:05 PM PDT

MetLife Inc. (NYSE:MET) has reported that it spent $1.40 million during the second quarter 2010 to address concerns related to financial regulations and other issues. The lobbying charges have plummeted for MetLife from $1.74 million in the year-ago quarter and $1.61 million during the first quarter of 2010.

According to the report filed on July 20, MetLife lobbied the Congress, the U.S. Trade Representative’s office and the Treasury Department. MetLife also lobbied the federal government on the … [visit site to read more]

California Business Exodus: If You Tax Something…

Posted: 21 Sep 2010 12:43 PM PDT

From Joseph Vranich:

“California is in serious trouble because many people refuse to admit to one of our big problems – the flight of businesses, capital and jobs to other states and nations. Businesses are shrinking their California footprint because high taxes and intense regulation damage their ability to compete.

Good information about the phenomena is hard to come by. Hence, out of frustration, a year ago I began compiling a list of what I call “California Disinvestment Events.” The new … [visit site to read more]

Aggressive Growth Stock: Value Stock Picks-Sep. 21, 2010

Posted: 21 Sep 2010 12:35 PM PDT

 
TEXTAINER GROUP (TGH): Free Stock Analysis … [visit site to read more]

CIGNA Upgraded To Outperform

Posted: 21 Sep 2010 12:35 PM PDT

We are upgrading our recommendation on the shares of CIGNA Corp. (CI) to "Buy" as we believe the recent acquisition of Vanbreda International will further boost the company's thriving international operations, which is crucial to the growth of the company.
 
CIGNA is keen on expanding its international business. This contributes approximately 10% of the revenues, and has historically delivered double-digit revenue growth, double-digit earnings growth, with very attractive margins and … [visit site to read more]

Western Union Extends Pact With DHL

Posted: 21 Sep 2010 12:35 PM PDT

In a bid to enhance its presence in Europe, global money transfer leader Western Union Co. (WU) yesterday announced that it is extending the pre-existing agreement with DHL Express to provide international business services to its customers located in Europe.  
 
The existing agreement between DHL and Western Union pertains to the latter offering money-transfer services via the former in Latin America and the Caribbean and to 5000 locations in Europe.
 
The scope of the pact is … [visit site to read more]

Forex Trading: EURUSD Trendline Now Resistance 1.3273.

Posted: 21 Sep 2010 11:53 AM PDT

Risk is a move below the 1.3220-25 level … [visit site to read more]

Forex Trading: AUDUSD Rallies Higher. Be Aware Of 0.9553

Posted: 21 Sep 2010 11:31 AM PDT
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