Tuesday, October 12, 2010

DailyMarkets.com - Silicom Poised For New Growth

DailyMarkets.com - Silicom Poised For New Growth


Silicom Poised For New Growth

Posted: 12 Oct 2010 03:05 PM PDT

Silicom Ltd. Primed to Enter New Growth Phase

Silicom (NASDAQ:SILC) engages in the design, manufacture, marketing and support of connectivity solutions for a range of servers and server-based systems. The firm has several growth engines including Information Technology's return to growth, the march to 10GB per second technology, large and growing base of OEM customers includes most of the market-leading players, staged launch of new products, and a strong OEM business model which limits operating … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Everything Has Its Price

Posted: 12 Oct 2010 02:54 PM PDT

Here’s an old Catholic joke:

A farmer named Muldoon lived alone in the country with a dog that he loved. After many long years of faithful companionship, the dog died, so Muldoon went to the parish priest and asked “Father, my dear old dog is dead. Could you be sayin’ a Mass for him?”

Father Patrick replied, “I am so very sorry to hear about your dog’s death. But, unfortunately, I can’t say Mass for the poor creature…”

Muldoon said, “I understand, Father. I guess I’ll go to this new … [visit site to read more] or compare Best Credit Cards and Best CD Rates


DATATRAK Sees Bump With New VP

Posted: 12 Oct 2010 02:35 PM PDT

DATATRAK Announces New VP, Sees Immediate Results

DATATRAK International, Inc. (NASDAQ:DATA) is a technology and services company that provides electronic clinical solutions for the clinical trials industry. Its software suite is used to collect, review, transmit, and store clinical trial data electronically.

On October 4th 2010, DATATRAK announced the hiring of William (Bill) Gluck, Ph.D., as the company’s Vice President of Clinical and Consulting Services. Dr. Gluck, a thirty-year clinical trial … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Intel Clears Lower Hurdle In Q3

Posted: 12 Oct 2010 02:35 PM PDT

Following Intel Corporation’s (NASDAQ:INTC) self-described “best quarter ever” in its fiscal second quarter earnings report back in July, the world’s largest chip-maker has again posted a positive surprise. This time INTC reported 52 cents per share on revenues totaling $11.1 billion in the quarter. The Zacks Consensus Estimate had been 50 cents per share on revenue on $11.01 billion.
The headline number sports a year-over-year net income increase of 59%, although as we saw in Intel’s 2nd quarter, … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Outsourcing And Insourcing Both Create U.S. Jobs

Posted: 12 Oct 2010 02:30 PM PDT

From today’s WSJ editorial “Obama and the Politics of Outsourcing” by William S. Cohen:

 ”Most people treat outsourcing as a zero-sum game—one foreign worker replaces one American worker. But this is not how the dynamic global economy works. In 2007, Matthew Slaughter, an economist at Dartmouth’s Tuck School of Business, published a comprehensive study of the hiring practices of 2,500 U.S.-based multinational companies.

He found that when U.S. firms hired lower-cost labor at foreign … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Shipping Increases At Frankfurt Airport In September And Baltimore Port In August

Posted: 12 Oct 2010 02:10 PM PDT

1. “Frankfurt airport’s cargo traffic jumped 15.4 percent in September from a year ago to an all time high for the month. Europe’s largest air cargo hub handled 186,111 metric tons in September to match pre-crisis levels and consolidate its lead over Paris Charles de Gaulle, Amsterdam and London Heathrow.  Cargo shipments totaled 185,372 metric tons in August, an increase of 18.4 percent on the same month in 2009.”

2. “Container throughput at the Port of Baltimore surged by 21.7 percent … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Dollar Tree Digs Roots In Canada

Posted: 12 Oct 2010 02:05 PM PDT

Dollar Tree, Inc. (NASDAQ:DLTR), in an endeavor to expand its geographical footprint beyond the U.S., has crossed into the Canadian market for the first time in its history of acquisitions by agreeing to acquire the assets of the Canadian Dollar Giant Store Ltd.

The acquisition, which involves 85 Dollar Giant stores together with all assets, inventory, leasehold rights and intellectual property, is expected to cost Dollar Tree roughly $52 million (CAD) in cash or $51.5 million. The transaction is … [visit site to read more] or compare Best Credit Cards and Best CD Rates


J.C. Penney Sales Rise

Posted: 12 Oct 2010 01:35 PM PDT

J.C. Penney Company Inc. (NYSE:JCP), a leading retailer of apparel, footwear, accessories, fashion jewelry, beauty products and home furnishings, recently reported its sales results for the five-week period ended October 2, 2010.

The company's comparable-store sales for September 2010 climbed 5.1%, reflecting a sharp improvement from an increase of 2.3% and a fall of 1.4%, witnessed in August 2010 and September 2009, respectively. Year-to-date comparable-store sales edged up 1.9% compared with … [visit site to read more] or compare Best Credit Cards and Best CD Rates


FDA Nod For WCRX Drug

Posted: 12 Oct 2010 01:35 PM PDT

Warner Chilcott plc (NASDAQ:WCRX) recently announced that the US Food and Drug Administration (FDA) approved a next-generation version of its postmenopausal osteoporosis treatment Actonel. The company plans to market this drug as Atelvia in the US and launch it commercially early next year.
The FDA nod for Atelvia came after the regulatory body extended the review period of the drug (in July) by three months. The Prescription Drug User Fee Act date was set for October 24, 2010, with the FDA asking … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Fed: Low Growth, Low Inflation

Posted: 12 Oct 2010 01:35 PM PDT

The Federal Reserve just released the minutes to its Sept. 21st meeting. Here are some of the highlights and my interpretation of them:

On the recent buying of T-notes:

"…[P]urchased about $28 billion of Treasury securities, with maturities concentrated in the 2- to 10-year sector of the nominal Treasury curve, although purchases were made across both the nominal and inflation-protected Treasury coupon yield curves…"

These purchases are meant to offset the roll off of its … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Analyst Interviews: Hotels & Lodging Industry Outlook

Posted: 12 Oct 2010 01:05 PM PDT

With a gradual recovery of the global economy, the hotels and lodging industry is experiencing an increase in demand. The industry faced extremely tough challenges in the prior year due to the economic turmoil that resulted in weak labor and tight credit markets, resulting in lower discretionary spending.

The recovery in the economy has seen a return of business travelers, with a rising demand for leisure. However, the rate of improvement in room rates still lags.

Riding on the back of … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Geron’s Pipeline Progresses

Posted: 12 Oct 2010 01:05 PM PDT

Geron Corporation (NASDAQ:GERN) recently announced that it has enrolled the first patient in its phase I clinical study that is being conducted with GRNOPC1. GRNOPC1, a human embryonic stem cell (hESC)-based product, is being developed for the treatment of spinal cord injury.
Stem cells generally are self-renewing primitive cells that can develop into functional, differentiated cells. Geron is looking to use its human embryonic stem cell technology for the development of transplantation therapies. … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Barnes & Noble, Upper East Side, Manhattan On September…

Posted: 12 Oct 2010 12:47 PM PDT

Barnes & Noble, Upper East Side, Manhattan on September 21st, … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Family Dollar To Outperform

Posted: 12 Oct 2010 12:35 PM PDT

We recently upgraded our recommendation on Family Dollar Stores, Inc. (NYSE:FDO) to Outperform with a price target of $50.00. Earlier we had a Neutral rating on the stock. The better-than-expected fourth-quarter 2010 results and an optimistic outlook for fiscal 2011 compelled us to revisit our recommendation.

Family Dollar posted fourth-quarter earnings of 56 cents a share that beat the Zacks Consensus Estimate of 51 cents, and rose 30.2% from 43 cents earned in the prior-year quarter. The … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Emerson Wins Contract

Posted: 12 Oct 2010 12:35 PM PDT

Emerson Electric Company (NYSE:EMR) has been selected to provide power inverters and plant-wide control equipment for California's largest photovoltaic power generation facility. The contract has been awarded by Quanta Services (NYSE:PWR).
The project was conceived by Eurus Energy America and is jointly controlled by Eurus and NRG Solar, a subsidiary of NRG Energy, Inc. (NYSE:NRG). After completion, the facility will generate 45 megawatts of renewable energy, which will power 36,000 homes.
The … [visit site to read more] or compare Best Credit Cards and Best CD Rates


McDermott Lands New Gorgon Work

Posted: 12 Oct 2010 12:35 PM PDT

Energy-focused engineering and construction firm McDermott International (MDR) announced that one of its units has received a subsea infrastructure contract from Vetco Gray Australia Pty Ltd. The transaction, valued in excess of $50 million, will be included in McDermott’s fourth-quarter 2010 bookings. The project calls for McDermott to make 12,000 tons of subsea structures and spools for Chevron Corp's (CVX) Gorgon liquefied natural gas ("LNG") venture in Australia.
Chevron Australia … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Gymboree Accepts Buyout Offer

Posted: 12 Oct 2010 12:05 PM PDT

The shares of Gymboree Corporation (NASDAQ:GYMB) soared 22.4% to close at $64.83 on Monday and up to $65 mid-day Tuesday, after news of the company's acceptance of the $1.8 billion buyout offer from Bain Capital Partners hit the market. The investment firm will acquire all the outstanding shares of the company, which currently stand at approximately 27 million shares, for $65.40 per share.

Deal Fetching Higher Premium

Gymboree, the children's clothing retailer, notified that the acquisition … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Neutral On Walter Energy

Posted: 12 Oct 2010 12:05 PM PDT

We recently reiterated our Neutral recommendation on the U.S. coal producer, Walter Energy Inc. (NYSE:WLT).
Walter has two deep underground mines (mines 4 and 7) among others that produce some of the best quality metallurgical coal available in the world; several steam coal mines, a coke business and a natural gas business. It is one of the largest producers of premium metallurgical coal.
The company's Blue Creek metallurgical coal is a premium product, which earns industry-leading margins. The … [visit site to read more] or compare Best Credit Cards and Best CD Rates


GPI Shows A “Very Clear Deflationary Trend”

Posted: 12 Oct 2010 12:04 PM PDT

Are you scratching your head wondering about the title of this commentary? Are you wondering if I inadvertently mistyped and should have written CPI for Consumer Price Index? Is it possible that I meant to write PPI for Producer Price Index? Am I somehow opining on a new found capability of the fabulous GPS navigation devices? A resounding no to all of the above.
I have been a big proponent of the work produced by Rick Davis of Consumer Metrics Institute. Recall that … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Conoco Ups NGL Capacity

Posted: 12 Oct 2010 11:35 AM PDT

ConocoPhillips (NYSE:COP) intends to expand the capacity of natural gas liquids (NGL) fractionation at a plant located at Mont Belvieu, Texas. Conoco owns this plant with two other partners Devon Energy Corp. (NYSE:DVN) and Targa Resources Partners LP (NASDAQ:NGLS).
The companies have decided to increase production capacity of the plant by 42% to 145,000 barrels per day with total cost of approximately $75 million. Conoco, as the operator, will manage the expansion project. Existing operations are not … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Trading: EURUSD Triggers Stops Above 1.3911

Posted: 12 Oct 2010 11:29 AM PDT

Millicom Remains Neutral

Posted: 12 Oct 2010 11:05 AM PDT

We reiterate our Neutral recommendation for Millicom International Cellular S.A. (NASDAQ:MICC) ahead of its third quarter 2010 financial results. Massive growth of fixed/mobile broadband services, coupled with the mobile VAS business in Central/South America and Africa, will serve as fundamental business catalysts. The company has already deployed high-speed 3G wireless services in South America. Improved EBITDA margin and reduction in capital spending are likely to strengthen the company's … [visit site to read more] or compare Best Credit Cards and Best CD Rates


American Movil To Underperform

Posted: 12 Oct 2010 11:05 AM PDT

We are downgrading our long-term recommendation on America Movil S.A.B. de C.V (NYSE:AMX), Latin America's largest wireless company, to Underperform from Neutral on a rising Mexican peso. Currently, the stock has a short-term Zacks #3 Rank (Hold).
America Movil's profitability is being affected by currency translation. The Mexican peso is currently at its strongest since May 2010. We believe gains in stocks and bonds, record foreign exchange reserves and strong investment trends are driving … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Inflation Now, Deflation Then; What To Do?

Posted: 12 Oct 2010 10:30 AM PDT

A subscriber to Alerts asked the following: “There has been some talk that the world economy is on the brink and the United States will soon be devaluing currencies…..what would the repercussions on US stocks be?”
I answered as follows:
“The US government (without explicitly saying so) hoping for and helping the $US drop in value against other currencies (especially, the countries that lend to us). I've been anticipating for some time this "rush to the bottom" in international … [visit site to read more] or compare Best Credit Cards and Best CD Rates


BEN’s September-End AUM Results

Posted: 12 Oct 2010 10:05 AM PDT

California-based, Franklin Resources Inc. (BEN) reported impressive growth in its preliminary month-end assets under management (AUM) by its subsidiaries on October 11. The company's AUM of $644.9 billion at the end of September 30, 2010 registered an increase of 23.2% year over year and a 7.4% rise over the previous month.
Franklin Resources' total equity assets at September end were approximately $273.7 billion, up from $245.4 billion at the end of August 2010 and $247.0 billion at the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Invesco’s September AUM Increases

Posted: 12 Oct 2010 10:05 AM PDT

On Monday, Invesco Ltd. (NYSE:IVZ) reported its preliminary month-end assets under management (AUM) of $604.5 billion for the month of September, up 5.4% from $573.8 billion in August 2010. Excluding exchange traded funds (ETFs), Unit Investment Trust (UIT) and passive funds, AUM was $514.6 billion, up 4.1% from the prior month.
 
The increase in AUM was primarily attributed to the strengthening of foreign currencies as against the U.S. dollar (resulting in an AUM spike of $4.5 billion) and … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Fastenal Beats By A Penny

Posted: 12 Oct 2010 10:05 AM PDT

Fastenal Co. (NASDAQ:FAST) posted a 57.6% increase in profit to $75 million in the third quarter of the year from $47.6 million in the same quarter a year-ago. On earnings per share basis, profit improved 59.4% to 51 cents from 32 cents a year ago, a penny beyond the Zacks Consensus Estimate of 50 cents per share.
Sales in the quarter rose 23.4% to $603.8 million, higher than the Zacks Consensus Estimate of $597 million. This was attributable to an increase in the company's manufacturing … [visit site to read more] or compare Best Credit Cards and Best CD Rates


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