Tuesday, September 28, 2010

DailyMarkets.com - Stock Picks For Wednesday: THQ, Eastman Kodak, Dendreon Corporation

DailyMarkets.com - Stock Picks For Wednesday: THQ, Eastman Kodak, Dendreon Corporation


Stock Picks For Wednesday: THQ, Eastman Kodak, Dendreon Corporation

Posted: 28 Sep 2010 06:05 PM PDT

( click to enlarge )
THQ Inc. (NASDAQ:THQI)  had a bullish momentum today, gaining nearly 3% and end the day near the highest price of the day. The bias is bullish in nearest term especially if price able to stay consistently above $4 targeting $4.50. Immediate support is now at $3.93. Honestly speaking, I’m expecting a breakout at $4.23 with a target of $4.50. So far, all indicators are in favor of an upward price movement. On the technical side, MACD has generated a buy signal and is … [visit site to read more]


Are Historic High Prices In Cotton’s Future?

Posted: 28 Sep 2010 03:18 PM PDT

Fundamentals
The bullish stampede in Cotton futures is hitting all strides, as prices have soared above the 100.00 level once again. News that China has released some Cotton from its domestic reserves has sparked fresh buying, as traders interpreted this as a sign that supplies are tight. Chinese Cotton production is expected to decline this season, which should help to stimulate cotton imports once again as domestic demand is expected to increase despite near record high prices. The recent … [visit site to read more]


Analyst Interviews: Airline Industry Outlook

Posted: 28 Sep 2010 03:05 PM PDT

Overall Outlook is Positive

The economic downturn and the oil price spike before it had negatively affected the airline industry over the past two years. Now, with the economy on the mend, albeit at a slower-than-expected pace, demand for air travel is increasing from last year's depressed levels.

To combat the recessionary effects, the airlines cut costs, slashed capacity and increased load factor. This momentum also prompted the industry into the current ongoing consolidation phase. … [visit site to read more]


Textron Inks $8.9M Contract

Posted: 28 Sep 2010 03:05 PM PDT

Textron Inc. (NYSE:TXT), through its subsidiary AAI Corporation, has reached an agreement to develop the ground control station for the U.S. Army. The total value of the contract is $8.9 million. Northrop Grumman Corporation (NYSE:NOC) is the prime contractor for the U.S. Army's Long Endurance Multi-Intelligence Vehicle (LEMV) program.

AAI Corp. is the principal member of the Northrop Grumman-led LEMV team. Under the contract, AAI will provide a Universal Ground Control Station, which will be NATO … [visit site to read more]


Ecolab Broadens Asia-Pacific Reach

Posted: 28 Sep 2010 02:35 PM PDT

Leading cleaning and sanitation products company Ecolab Inc. (NYSE:ECL) has agreed to acquire Australian cleaning and hygiene products maker Cleantec for an undisclosed price. The acquisition is subject to the approval of the Australian anti-trust authorities and other closing conditions.

Cleantec, a unit of Brisbane-based diversified industrial services company Campbell Brothers Ltd, develops and markets cleaning and hygiene products primarily to the food and beverage, hospitality and textile … [visit site to read more]


FDA Clears ArthroCare Device

Posted: 28 Sep 2010 02:35 PM PDT

Surgical products maker ArthroCare Corp (NASDAQ:ARTC) has received the U.S. Food and Drug Administration's (FDA) approval for its Parallax Contour Vertebral Augmentation Device, designed for vertebral body void (or space) creation followed by injection of bone cement, a commonly used treatment for painful vertebral compression fractures (VCF).

The approval enables ArthroCare to market the Parallax Contour device for use during kyphoplasty or vertebral augmentation procedures. The device uses a … [visit site to read more]


Light-Hearted: Another Edition

Posted: 28 Sep 2010 02:10 PM PDT

Given the kinds of things I write about here at Financial Armageddon, I wouldn’t be surprised if people thought I was a dour chap who can’t find much to smile about. But that would be wrong. In fact, I usually find one thing or another that tickles my funny bone on most days. Sometimes the best way — maybe the only way — to cope with the kind of screwed-up world we find ourselves in is to look for the lighter side. With that in mind, I bring you the latest edition of “A Bit More … [visit site to read more]


Exelon Issues $900M Debt

Posted: 28 Sep 2010 02:05 PM PDT

Energy utility Exelon Corporation (NYSE:EXC) announced that its unit Exelon Generation issued $900 million notes in two tranches. The unit of Exelon will utilize the net proceeds to pay a portion of the purchase price for its pending acquisition of John Deere Renewable, LLC, and for general corporate purposes.

One offering comprises $550 million of 4.00% notes due October 1, 2020, at an offer price of $99.894 (per $100.00 principal) to yield 4.013% when held to maturity. The second offering … [visit site to read more]


Goldman Funds Get Endesa Assets

Posted: 28 Sep 2010 02:05 PM PDT

Two infrastructure funds managed by Goldman Sachs Group Inc. (NYSE:GS) have agreed to buy 80% of the Madrid-based Endesa's natural gas distribution assets for €800 million ($1.1 billion).

The assets include a distribution network covering a stretch of 3,800 kilometers, a transport network of 600 kilometers and 355,000 access points. It covers seven of the seventeen autonomous regions of Spain.

The deal is a strategic fit for both the parties. The Spanish power utility Endesa SA, which is 92% … [visit site to read more]


Endo Pharma To Take Over Qualitest

Posted: 28 Sep 2010 01:35 PM PDT

In a bid to diversify its business and bolster its position in the generic and pain drug portfolios Endo Pharmaceuticals Holdings Inc. (NASDAQ:ENDP), a US-based specialty healthcare solutions company which develops branded products and specialty generics, will purchase the privately-held Qualitest Pharmaceuticals (a generic company) for $1.2 billion in cash. Almost 40% of the acquiree company's revenues are derived from its pain portfolio.
 
The deal has been approved by the Board of … [visit site to read more]


Jabil 4Q In Line, Revenues Slip

Posted: 28 Sep 2010 01:35 PM PDT

Shares of electronic parts manufacturer Jabil Circuit Inc. (NYSE:JBL) have declined nearly 1% in Tuesday trading as fourth quarter 2010 revenue missed Street expectations.

However, Jabil's reported earnings (including stock-based compensation expense and one-time expenses) increased significantly in the quarter to 52 cents per share, beating Street expectations of 48 cents. Earnings per share were above management's guidance range of 45 cents to 50 cents.

Earnings (excluding stock-based … [visit site to read more]


Four ETFs To Cash In On Gold’s Rally

Posted: 28 Sep 2010 01:17 PM PDT

According to a poll amongst analysts, bankers and producers at the world's largest gathering of the gold industry, the shiny metal is expected to reach $1,450 per troy ounce this year, providing positive price support to the SPDR Gold Shares ETF (GLD), the iShares Gold Trust (IAU), the PowerShares DB Gold Fund (DGL) and the ProShares Ultra Gold (UGL).
One driver behind gold's expected increase is the fact that numerous central banks are utilizing it as a monetary asset.  … [visit site to read more]


Equinix Expands Japan Facility

Posted: 28 Sep 2010 01:06 PM PDT

Global provider of network-neutral data centers and Internet exchange services, Equinix Inc. (NASDAQ:EQIX) is expanding its operations in Tokyo, Japan. The company has recently announced that it has plans to build its third International Business Exchange (IBX) data center in Tokyo, and christen it TY3. The $70.0 million, 79,600 gross-square-foot TY3 IBX data center is expected to be completed in mid-2011.

The data center will provide space for 960 cabinets to data centric industries, including … [visit site to read more]


UPS Intends To Tap Chinese Market

Posted: 28 Sep 2010 12:35 PM PDT

United Parcel Service Inc. (NYSE:UPS) aims at expanding its presence in China by setting up a domestic service in the country.
 
With international operations accounting for around 22% of total revenue in fiscal year 2009, the company wishes to tap the growing consumer and business demand in China. The company sees billion-dollar opportunities existing in the Chinese market.  United Parcel's business could be as large as 5 million packages a day compared with approximately 1.2 million … [visit site to read more]


PX China Signs Gas Supply Contract

Posted: 28 Sep 2010 12:35 PM PDT

Praxair (China) Investment Co. Ltd, the Chinese unit of Praxair Inc. (NYSE:PX) and a leading industrial gas supplier signed a nitrogen supply contract with Hong Fu Jin Precision Industry (Shenzhen) Co. Ltd, the wholly-owned subsidiary of Hon Hai Precision Industry Company Ltd.
 
The contract strengthens Praxair's foothold further as a leading industrial gas supplier in the Southern Chinese region.
 
Hon Hai, situated in Shenzhen, Guangdong province, China, is a Fortune Global 500 … [visit site to read more]


Sasol Seals Mozambique Gas Deal

Posted: 28 Sep 2010 12:05 PM PDT

South Africa-based petrochemicals group Sasol Ltd. (NYSE:SSL) has entered into a gas exploration deal in Mozambique. The company, through its wholly owned upstream oil and gas subsidiary Sasol Petroleum International ("SPI"), has signed an agreement in this regard with the Mozambican government.  
 
As per the contract, Sasol will look for gas in Area A of the Mozambique Basin in the vicinity of its existing Pande and Temane gas fields, where the South African giant has been … [visit site to read more]


Boeing’s Four 777 For Air China

Posted: 28 Sep 2010 12:05 PM PDT

The Boeing Company (BA) has inked a deal to supply four 777-300ERs (Extended Range) to Air China, the flagship carrier of the People’s Republic of China, for $1.1 billion.
 
The addition of the four Boeing airplanes to Air China's kitty would help expand its international presence.
 
The 777-300ER model brings the attributes of efficiency and reliability of double engines in the long-range market. The airplane carries 365 passengers and can fly up to a maximum of 7,930 nautical … [visit site to read more]


Quanta Services Gets Orders

Posted: 28 Sep 2010 12:05 PM PDT

Quanta Services Inc. (NYSE:PWR) has been awarded two contracts from Avenal Solar Holdings LLC to construct two solar power facilities- 20 megawatt Sun City project and the 19 megawatt Sand Drag project in California. The construction work is expected to be over by the first calendar quarter of 2011.
 
As a result of its nationwide presence and significant scale, Quanta Services is able to deploy services to customers across the United States. This capability is particularly important to … [visit site to read more]


BTU Plans 40% Expansion For Gateway

Posted: 28 Sep 2010 12:05 PM PDT

Peabody Energy Corp. (NYSE:BTU) announced its plans to expand the company's Gateway Mine in Southern Illinois. The proposed expansion has been approved by the company's Board of Directors. The 40% expansion plan is estimated to cost approximately $175 million.
 
The expansion which is to be carried out in the north direction of the existing site will increase the operational life of the mine by 16 years with an annual capacity escalating to 4.5 million tons of coal in the years ahead. In … [visit site to read more]


Tech Stocks In Parabolic Moves: When To Sell

Posted: 28 Sep 2010 08:34 AM PDT

Following up on my last post about the potential of an inverted head-and-shoulders in the NASDAQ Composite Index I took a look at a wide range of individual tech stocks across all sectors including software, semiconductors and equipment. I can’t explain it but I like it. Many of these stocks, in their attempt to make up the ground lost since their bubble burst in 2000-2003, are seeing parabolic moves.
If you were a subscriber to Instant Alerts, you may be in some these stocks by now. Here are … [visit site to read more]


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