DailyMarkets.com - Stock Picks For Thursday: Generex Biotechnology, ReneSola, Canadian Solar, JA Solar Holdings, Lihua International
DailyMarkets.com - Stock Picks For Thursday: Generex Biotechnology, ReneSola, Canadian Solar, JA Solar Holdings, Lihua International |
- Stock Picks For Thursday: Generex Biotechnology, ReneSola, Canadian Solar, JA Solar Holdings, Lihua International
- CareFusion Expands Portfolio
- Southwest-AirTran Merger Details
- Another Setback For PFE’s Sutent
- More Trouble For Amedisys
- Caterpillar’s New Chinese Facility
- Is There An Evil Side To Google?
- Luminex To Showcase MAGPIX
- OHIP Selects NextGen EHR
- SO Subsidiary To Redeem Notes
- State Street Expands With Babson
- CA To Acquire Hyperformix Inc.
- BMY, ZGEN Deal Nears Conclusion
- Access Pharma: $8 Price Target
- Earnings Scorecard: Darden
- Cosan Launches Bioenergy Power Plant
- ACE Buys Stake In ProClaim
- AutoZone Authorizes Stock Buyback
- Ferrellgas Slumps On Poor Sales
- Discover Upped To Outperform
- Northrop Wins $2.63B IT Contract
- How Realistic Is $5,000 Gold?
- Thor Ind. Surpasses Estimates
- ETF Securities Witnesses Influx Of Assets
- Nexen’s Appomattox Update
- Morgan Stanley Suspends Hiring
- Companies Leaving California In Record Numbers
- Energizer’s Hostile Bid
- Krispy Kreme Enters Thailand
- Forex Trading: EUR/USD Falters Along Resistance In Afternoon Trading
- The Laffer Curve And Pending Tax Changes
Posted: 29 Sep 2010 06:12 PM PDT ( click to enlarge ) ( click to enlarge ) |
Posted: 29 Sep 2010 03:05 PM PDT Recently, CareFusion (CFN) acquired the rights from Healthpoint Ltd to market products such as Surgicept waterless surgical hand scrub, Triseptin water-aided surgical scrub and Triseptin hand and body antiseptic in the US. However, financial terms of the deal were not disclosed. Following this agreement, CareFusion's skin antiseptic portfolio has strengthened further which is targeted at reducing health care-associated infections (HAIs) related to surgical procedures. It has been observed … [visit site to read more] |
Southwest-AirTran Merger Details Posted: 29 Sep 2010 03:05 PM PDT In one of its smartest moves to revive stalled growth, Southwest Airlines Co. (NYSE:LUV) the largest U.S. low-cost airline, agreed to buy AirTran Holdings Inc. (NYSE:AAI) for $1.4 billion. The acquisition is expected to close in the first half of next year and will be fully operational by 2012. The total transaction value is approximately $3.4 billion, including AirTran’s debt and capitalized aircraft-operating leases. AirTran shareholders will receive $3.75 in cash and 0.321 Southwest share for … [visit site to read more] |
Another Setback For PFE’s Sutent Posted: 29 Sep 2010 03:05 PM PDT Pfizer's (NYSE:PFE) plans of developing its oncology product Sutent for additional indications faced yet another setback recently with the company announcing the discontinuation of another phase III study with the candidate. Sutent, in combination with prednisone, was being studied in a phase III trial (SUN 1120) that was being conducted in men suffering from advanced castration-resistant prostate cancer (CRPC) which had progressed even after being treated with a docetaxel-based chemotherapy … [visit site to read more] |
Posted: 29 Sep 2010 02:35 PM PDT Amedisys (NASDAQ:AMED), one of the leading US players in the home health and hospice segment, has more trouble with the Department of Justice beginning investigations against the company. Several important documents and information related to the company's business related to reimbursement and billing claims to Medicare are being investigated. Amedisys has stated that it will cooperate during the investigation. Following the announcement of investigation, shares of the company plunged more than … [visit site to read more] |
Caterpillar’s New Chinese Facility Posted: 29 Sep 2010 02:35 PM PDT Caterpillar Inc. (NYSE:CAT) announced that it will build a new facility in Wujiang, China to produce mini hydraulic excavator models in the under 8-ton range to meet the burgeoning demand of customers in China — the world’s largest market for excavators in the below 8-ton class. The facility will be part of Caterpillar’s Building Construction Products (BCP) Division, which has manufacturing operations in the United States, Japan, Brazil and the United Kingdom. Construction will start in late … [visit site to read more] |
Is There An Evil Side To Google? Posted: 29 Sep 2010 02:05 PM PDT Is there an evil side to Google (NASDAQ:GOOG)? The company, which changed the way we define the Internet, appears to be increasingly attracting bad publicity as it enters the 13th year of its eventful journey. A rising number of lawsuits and accusations against the search giant are throwing bad light on Google's do-no-evil image. Regulators too have their eyes on Google's business practices, as the company is repeatedly accused of killing competition and misusing its size and influence to … [visit site to read more] |
Posted: 29 Sep 2010 02:05 PM PDT Luminex Corporation (NASDAQ:LMNX), a developer of biological testing technologies, has released the initial itinerary for a multinational tour designed to exhibit the capabilities of its new MAGPIX analytical instrument. The tour, dubbed "MAGPIX road show," will allow researchers globally to have a first-hand experience of the novel instrument. The road show events, which will be hosted across the U.S. and Europe, will feature a presentation from a MAGPIX user and an overview of the instrument … [visit site to read more] |
Posted: 29 Sep 2010 02:05 PM PDT Quality Systems' (NASDAQ:QSII) wholly-owned subsidiary NextGen Healthcare has been reportedly selected as the preferred electronic health record (EHR) vendor by Ohio Health Information Partnership (OHIP), a non-profit state-designated entity for health information exchange development in Ohio. OHIP, one of two federally designated regional extension centers (RECs) in Ohio, is responsible for the adoption and implementation of EHR systems across all healthcare provider settings in the state. It … [visit site to read more] |
Posted: 29 Sep 2010 01:35 PM PDT Alabama Power Company, a subsidiary of Southern Company (NYSE:SO), announced its plan to redeem the company's outstanding Senior Notes, due April 15, 2034. Alabama Power intends to cash in $150,000,000 Series AA 5- 5/8% Senior Notes on October 29, 2010. The redemption price will be equal to 100% of the principal amount plus any accrued and unpaid interest to the date of redemption. The Bank of New York Mellon Corporation (NYSE:BK) will act as the redemption agent. The people in possession of the … [visit site to read more] |
State Street Expands With Babson Posted: 29 Sep 2010 01:35 PM PDT State Street Corporation (NYSE:STT) is expanding its relationship with Babson Capital Management LLC by providing investment operations and technology services. The company has already been providing custody, trustee, private equity and hedge fund services to Babson Capital since 2001. With the expansion of its global business, the expanding relationship provides Babson Capital an opportunity to use State Street's expertise in global operations. With the increase in complexities in the … [visit site to read more] |
CA To Acquire Hyperformix Inc. Posted: 29 Sep 2010 01:35 PM PDT New York-based CA Technologies (NASDAQ:CA) has signed a definitive agreement to acquire Texas-based enterprise software company Hyperformix Inc. Financial terms have not been divulged. CA Technologies expects the deal to close by the end of the third quarter of fiscal 2011 (ending December 31). Following the acquisition, CA Technologies will integrate Hyperformix's operations and intellectual properties with its Virtualization and Automation business. Hyperformix develops solutions designed to … [visit site to read more] |
BMY, ZGEN Deal Nears Conclusion Posted: 29 Sep 2010 01:05 PM PDT The impending acquisition of biotechnology firm, ZymoGenetics, Inc. (NASDAQ:ZGEN) by Bristol-Myers Squibb Co. (BMY) cleared a hurdle with the latter announcing that the mandatory Hart-Scott-Rodino waiting period for its tender offer has come to an end. Bristol-Myers aims to bolster its pipeline, especially for hepatitis C, through this acquisition, which has been approved by the boards of both companies. |
Access Pharma: $8 Price Target Posted: 29 Sep 2010 01:05 PM PDT Access Pharma: maintain outperform rating and reiterate price target of $8 Third Quarter Financials Are Expected to Be Better Than Our Estimates Access Pharma (ACCP) recently updated the status of its MuGard sales. On September 14, 2010, Access received its first commercial order for MuGard from BioScrip, its specialty distribution partner. BioScrip’s initial purchase order of MuGard was over $700,000. This amount will provide adequate inventory for its various distribution channels to … [visit site to read more] |
Posted: 29 Sep 2010 01:05 PM PDT On September 21, Darden Restaurants Inc. (NYSE:DRI) reported its first quarter fiscal 2011 earnings of 80 cents per share, which were well ahead of the Zacks Consensus Estimate of 77 cents and up 19% year over year. Given below is our report on the results of the recent earnings announcement, subsequent analyst estimate revisions and the Zacks ratings for short-term and long-term outlook for the stock. |
Cosan Launches Bioenergy Power Plant Posted: 29 Sep 2010 12:35 PM PDT Cosan Group, one of the leading producers in the sugar and energy sector worldwide, had the Barra Bioenergy Thermoelectric Power Plant inaugurated by the Brazilian President, Luiz Inácio Lula da Silva. The plant has the capacity to satisfy the needs of 1.2 million householders. |
Posted: 29 Sep 2010 12:35 PM PDT ESIS Inc., the risk management services wing of ACE USA, the U.S.-based retail operating division of ACE Limited (ACE), has acquired the majority shares of ProClaim America, to form a new business unit named ESIS ProClaim. The acquired company is a national professional liability services firm providing claims and risk management services to the healthcare industry. |
AutoZone Authorizes Stock Buyback Posted: 29 Sep 2010 12:05 PM PDT AutoZone Inc. ( AZO ) has authorized the repurchase of an additional $500 million of the company’s common stock under its ongoing share repurchase program. The move will slash about 5% of the company's outstanding shares out of circulation. As of the fiscal 2010 ended August 31, 2010, the company had 49.3 million of outstanding shares. |
Ferrellgas Slumps On Poor Sales Posted: 29 Sep 2010 12:05 PM PDT Ferrellgas Partners, L.P. (FGP) reported loss per unit of 58 cents in the fourth quarter of 2010. The partnership's loss in the quarter exceeded the Zacks Consensus Estimate of 54 cents, mainly due to lower propane sales in the quarter. |
Posted: 29 Sep 2010 12:05 PM PDT Today, we upgraded our recommendation on Discover Financial Services (DFS) to outperform from Neutral. The company's fiscal third quarter earnings came in substantially ahead of the Zacks Consensus Estimate given the combined effect of higher margin payment service volumes, lower loan loss provisions, higher interest yield, improvement in credit card usage with reduced defaults and gains from the direct-to-consumer deposit business that drove the bottom-line. However, this was marginally … [visit site to read more] |
Northrop Wins $2.63B IT Contract Posted: 29 Sep 2010 12:05 PM PDT Aerospace and defense company Northrop Grumman Corporation (NYSE:NOC) announced that it received a contract worth $2.63 billion from the U.S. General Services Administration (GSA). Northrop will install information technology (IT) infrastructure at the U.S. Department of Homeland Security (DHS), St. Elizabeths , Washington , D.C. , campus with a view to secure communications and operations at this facility. |
Posted: 29 Sep 2010 11:50 AM PDT Taking into account 11 key measurements based on historical movements and price ratios, gold is likely to exceed $5,000 and silver is likely to exceed $200 within the next 5 years. If silver reverts to its historical ratio of 16 to 1 with gold, then it could rise even higher. Let me explain. In recent weeks gold and silver have broken through their multi-month consolidation levels, and investors are wondering where the precious metals are headed. On a short term basis both gold and silver … [visit site to read more] |
Posted: 29 Sep 2010 11:35 AM PDT Thor Industries Inc. (NYSE:THO) posted a 64% rise in profit to $40.6 million in the fourth quarter of its fiscal year ended July 31, 2010 from $24.8 million in the same quarter of previous year. The rise in profit was driven by higher sales and the company's cost-cutting measures. |
ETF Securities Witnesses Influx Of Assets Posted: 29 Sep 2010 11:17 AM PDT As the investment demand for precious metals continues to remain high, ETF Securities, the first US ETF provider to provide investors with access to a full suite of precious metal ETFs, recently surpassed the $2 billion mark for total assets under management. ETFS Physical Swiss Gold Shares ETF (SGOL) |
Posted: 29 Sep 2010 11:05 AM PDT Nexen Inc. (NYSE:NXY) has been active in its diversified exploration activities, including the discovery of oil in the Eastern Gulf of Mexico (GoM) at Appomattox. The company recently confirmed the existence of a superior quality reservoir at this discovery, which came online early this year. Nexen drilled one exploratory well and two appraisal sidetracks and estimates that the reservoir can produce approximately 250 million barrels of oil equivalent with a solid upside potential. |
Morgan Stanley Suspends Hiring Posted: 29 Sep 2010 11:05 AM PDT Morgan Stanley (NYSE:MS) has frozen its hiring processes in its investment banking unit for reminder of fiscal 2010, according to a report by Fox Business Network. Hence, the company's plan to expand its institutional sales and trading businesses will be on hold for the time being. The company, however, has no plans to lay off employees. |
Companies Leaving California In Record Numbers Posted: 29 Sep 2010 10:44 AM PDT |
Posted: 29 Sep 2010 10:35 AM PDT According to a Bloomberg report, Energizer Holdings Inc. (NYSE:ENR), a leading manufacturer and marketer of batteries, lighting and personal care products, plans to acquire American Safety Razor Co. for $301 million in cash in a competitive bidding process. |
Posted: 29 Sep 2010 10:35 AM PDT Krispy Kreme Doughnut Inc. (NYSE:KKD) announced that its first franchise-owned store has been launched in Thailand and 20 more stores are expected to open in the country by 2015. |
Forex Trading: EUR/USD Falters Along Resistance In Afternoon Trading Posted: 29 Sep 2010 09:56 AM PDT The EUR/USD has faltered along resistance in afternoon trading, and has been unable to move higher. There have been multiple tests along the 1.3640 level. The market may be taking a breather after such a strong run to the upside in these optimal trending conditions. The next upside level of resistance may be seen at the 1.3685 area. If the pair fails to move higher, there are a number of key levels below including support at 1.3594 and the 100H moving average at 1.3466. Keep in mind there is a … [visit site to read more] |
The Laffer Curve And Pending Tax Changes Posted: 29 Sep 2010 09:42 AM PDT I've been travelling more and blogging less lately—the reverse of what I prefer. In my travels, I have picked up some seeds that may sprout some day. I will just mention one of them here in a preliminary way. It has to do with the Laffer Curve and the coming tax decisions. |
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