DailyMarkets.com - The Sky’s The Limit For Silver Prices |
- The Sky’s The Limit For Silver Prices
- When Should I Invest In Natural Gas?
- Forex Trading: AUD MI Inflation Gauge Lower
- Earnings Preview: Employment, Not Earnings
- Analyst Interviews: U.S. Railroad Industry Outlook
- ISM Index Falls To 54.4 From 56.3
- Regency Centers Offers Senior Notes
- Hess Beefs Up Interest In GoM Field
- Buffalo Wild Wings Downgraded
- Lockheed Obtains IT Bidding Rights
- BP May Start Dividend In Early 2011
- GOL To Raise Funds
- Drilling Ban On Despite New Rules
- Austrian Approval For Preflucel
- Honeywell Into A Research Program
- Cardinal Gears For Next Flu Season
- Canadian Natural Stays Neutral
- Air Force Contract For Boeing
- Rite Aid Sales Still Disappoint
- Lawson Beats By A Penny
- Prudential Buys AIG Units
- St. Jude Eon Mini Cleared In Japan
- Tenneco Opens Indian Plant For OEMs
- AMMD Launches MoXy Fiber
- Treasury Rakes In $41.6B From Citi
- Achillion’s Pipeline Progresses
- AIG Enroute To TARP Exit Plan
- Biogen Cut To Neutral
- EEM: Expanding Triangle Or Consolidation?
| The Sky’s The Limit For Silver Prices Posted: 03 Oct 2010 05:45 PM PDT Good day lads! Like gold, the price of silver has recently marked a new all-time high when it broke above its previous high at 21.34. As you can see, a break out from a symmetrical pattern managed to propel it towards the uncharted territory. With its uptrend line still well intact, it would most likely continue to to head north. In the interim, however, the price of silver could weaken given its overbought conditions. If it does, its previous high and its uptrend line should act as … [visit site to read more]
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| When Should I Invest In Natural Gas? Posted: 03 Oct 2010 05:01 PM PDT A Contrarian View of the Gas Market… and 4 Questions To Ask Yourself It is – by a longshot – the most frequently asked question among OGIB readers over the last two years… "When should I buy natural gas? And should I buy ETFs? Future contracts? Natural gas producer stocks? I'll tell you my thoughts, and I'll also give investors four questions to ask the management teams of their natural gas producers that could help you protect your investment. The culprit of … [visit site to read more]
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| Forex Trading: AUD MI Inflation Gauge Lower Posted: 03 Oct 2010 04:31 PM PDT Aussie inflation gauge came in at 0.1%; lower then the prior release of 0.2%. The market had a limited reaction to the … [visit site to read more]
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| Earnings Preview: Employment, Not Earnings Posted: 03 Oct 2010 04:05 PM PDT Earnings Preview 10/01/10 Next week is the "official" start of the third quarter earnings season. However, Alcoa (NYSE:AA), the place kicker that gets the game started will not report until Thursday. Thus, we still have a pretty light earnings release schedule, with a total of only 33 firms, but that includes 8 from the S&P 500. We define any fiscal period ending in August, September and October to be the third quarter. So we have already been getting some "pre-season games" of firms … [visit site to read more]
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| Analyst Interviews: U.S. Railroad Industry Outlook Posted: 03 Oct 2010 04:05 PM PDT An improving U.S. economy, massive surge in automotive shipments, and a sharp rebound in many end-markets are expected to fuel the future growth of the railroad industry. Freight rail is a "derived demand" industry — demand for rail services is tied to the demand for the products that railroads haul. Rail traffic, therefore, acts as a solid barometer of the overall health of the economy. With the U.S. economy emerging from the recession, the fortunes of the railroad industry are also on … [visit site to read more]
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| ISM Index Falls To 54.4 From 56.3 Posted: 03 Oct 2010 04:05 PM PDT The Institute For Supply Management's (ISM) manufacturing index fell to 54.4 in September from 56.3 in August. In July it was at 55.5. This was a minor negative surprise as the consensus had been looking for the index to fall to 54.8. This is a "magic 50 index" where any reading over 50 indicates that the manufacturing side of the economy is expanding, and any reading under 50 indicates a contraction in manufacturing. The overall index has now been above the “magic 50″ mark for 14 … [visit site to read more]
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| Regency Centers Offers Senior Notes Posted: 03 Oct 2010 04:05 PM PDT Regency Centers Corp. (NYSE:REG), a leading operator and developer of grocery-anchored and community shopping centers across the U.S., has recently announced an offer to sell $250 million worth of senior unsecured notes due April 2021. The notes are priced at 99.86% of par value with a coupon of 4.8%.
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| Hess Beefs Up Interest In GoM Field Posted: 03 Oct 2010 04:05 PM PDT The U.S. oil integrated company Hess Corporation (NYSE:HES) beefed up its interest in the Tubular Bells oil and gas field in the Gulf of Mexico (GoM). The company purchased an additional 20% interest from BP plc (NYSE:BP) for $40 million. Following this deal, Hess will become the operator of this field with a total interest of 40%.
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| Posted: 03 Oct 2010 04:05 PM PDT We recently downgraded our rating on Buffalo Wild Wings Inc. (NASDAQ:BWLD) from Outperform to Neutral.
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| Lockheed Obtains IT Bidding Rights Posted: 03 Oct 2010 04:05 PM PDT Lockheed Martin Corporation (NYSE:LMT) has obtained the rights to compete for the new IT contract of the Centers for Disease Control and Prevention (CDC). The contract, valued at about $5 billion, will extend for 10 years.
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| BP May Start Dividend In Early 2011 Posted: 03 Oct 2010 04:05 PM PDT The new chief executive officer (CEO) of BP plc (NYSE:BP), Bob Dudley, expects the U.K. oil major to resume its dividend payment (which was suspended in June) early next year following the board meeting scheduled to be held before the end of this year. The news came in only a few hours before Dudley's joining as the CEO of BP.
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| Posted: 03 Oct 2010 04:05 PM PDT The first Brazilian low-airfare airline, GOL Linhas Aereas Inteligentes S.A. (NYSE:GOL), announced the sale of the fourth issue of its non-convertible debentures to raise R$600 million.
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| Drilling Ban On Despite New Rules Posted: 03 Oct 2010 04:05 PM PDT The federal government unveiled new regulations for offshore drillers and decided to keep its deepwater drilling moratorium in the Gulf of Mexico (GoM) in place for now, according to a release by the Interior Department.
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| Austrian Approval For Preflucel Posted: 03 Oct 2010 04:05 PM PDT Baxter International (NYSE:BAX) received approval from the Austrian Agency for Health and Food Safety (AGES) for Preflucel, its trivalent seasonal flu vaccine developed with Vero cell technology. While the vaccine is now available in Austria, it will also be available in the Czech Republic during the 2010 to 2011 flu season. Baxter will be working toward getting the vaccine approved in other European countries as well. On approval of Preflucel in other regions, we expect, the company's … [visit site to read more]
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| Honeywell Into A Research Program Posted: 03 Oct 2010 04:05 PM PDT Honeywell International (NYSE:HON) has been awarded a research program by the Federal Aviation Administration to develop advanced air traffic management technology that will enable aircrafts to fly more direct routes and save on operating costs in addition to adhering to flying schedule.
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| Cardinal Gears For Next Flu Season Posted: 03 Oct 2010 04:05 PM PDT Cardinal Health (NYSE:CAH) is taking necessary steps to maintain the supply of influenza vaccines during the forthcoming 2010-2011 flu season. For the first time, the Advisory Committee on Immunization Practices (ACIP) has been asking everyone over 6 months of age to get a flu vaccine. The company is of the opinion that the supplies are sufficient to meet the demand as a result of which everybody will have access to the vaccine. There is no need of prioritization.
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| Canadian Natural Stays Neutral Posted: 03 Oct 2010 04:05 PM PDT We are retaining our Neutral recommendation on Canadian Natural Resources (NYSE:CNQ) based on its satisfactory performance over the last few months.
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| Posted: 03 Oct 2010 04:05 PM PDT The Boeing Company (NYSE:BA) has received a contract worth $11.9 billion from the U.S. Air Force to upgrade the B-52 bombers. The contract extends for eight years. Wright-Patterson Air Force Base in Ohio will deal with the contract execution.
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| Rite Aid Sales Still Disappoint Posted: 03 Oct 2010 04:05 PM PDT Rite Aid Corp. (NYSE:RAD), one of the nation's leading drugstore chains, reported yet another month of disappointing same-store sales. After falling 1.0% in August 2010, same-store sales dropped further by 0.9% in September, marking the 16th consecutive month of decline, since May 2009, when it had registered positive same-store sales of 0.6%.
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| Posted: 03 Oct 2010 04:05 PM PDT Lawson Software, Inc. (NASDAQ:LWSN) recently reported a 61% jump in net income in the first quarter of fiscal 2011. Net income came in at $9.6 million or 6 cents per share compared with $6.0 million or 4 cents in the year-earlier quarter. Currency exchange rate fluctuations had a positive impact of approximately $0.01 on the bottom-line. Excluding one-time charges but including stock-based compensation expenses, EPS came in at 8 cents, beating the Zacks Consensus Estimate by a penny. Revenues came … [visit site to read more]
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| Posted: 03 Oct 2010 04:05 PM PDT US insurer Prudential Financial (NYSE:PRU) declared yesterday that it will be acquiring two of the Japanese life operations of American International Group Inc. (NYSE:AIG) for $4.2 billion in cash by the first quarter of 2011. However, the total value of the deal will climb to $4.8 billion on inclusion of $0.6 billion of third party debt. Talks between Prudential and AIG over the sale of its operations − AIG Star Life Insurance Co. and AIG Edison Life Insurance Co. − had started last year but … [visit site to read more]
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| St. Jude Eon Mini Cleared In Japan Posted: 03 Oct 2010 04:05 PM PDT St. Jude Medical's (NYSE:STJ) Eon Mini spinal cord stimulation (SCS) system has been cleared by the Japanese Ministry of Health, Labor and Welfare (MHLW). The approval enables the Minnesota-based medical devices giant to market the device, claimed to be the world's smallest, longest-lasting rechargeable neurostimulator, in Japan.
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| Tenneco Opens Indian Plant For OEMs Posted: 03 Oct 2010 04:05 PM PDT Tenneco Inc. (NYSE:TEN) has said that its new plant in Chennai, India will start producing emission control products and systems for original equipment manufacturers (OEMs) operating in the Chennai area. This is the company's seventh manufacturing plant in India.
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| Posted: 03 Oct 2010 04:05 PM PDT Leading pelvic-health devices provider American Medical Systems (NASDAQ:AMMD) has announced the global launch of MoXy Liquid Cooled Fiber, its novel therapy system for benign prostatic hyperplasia/BPH (enlarged prostate).
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| Treasury Rakes In $41.6B From Citi Posted: 03 Oct 2010 04:05 PM PDT The U.S. Treasury is continuing with its efforts to shed its holdings in Citigroup Inc. (NYSE:C). It has reaped in $41.6 billion as proceeds from the sale of Citi common stock, trust preferred securities (TRUPS), and Citi's repayment of the bailout money, dividends and other distributions received for bailing out the company. Treasury had provided Citi a total fund of $45 billion under Troubled Asset Relief Program (TARP) and a loss-sharing agreement for Citi's potential losses on $301 billion … [visit site to read more]
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| Achillion’s Pipeline Progresses Posted: 03 Oct 2010 04:05 PM PDT Recently, Achillion Pharmaceuticals, Inc. (NASDAQ:ACHN) announced that it has started dosing patients in a randomized, double-blind mid-stage study (n~120) that will evaluate pipeline candidate ACH-1625. The candidate is being developed to treat patients infected with hepatitis C virus (HCV). The placebo-controlled phase IIa study, to be conducted in the United States and Europe, will evaluate the safety, tolerability and antiviral activity of the HCV candidate as a combination therapy. … [visit site to read more]
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| Posted: 03 Oct 2010 04:05 PM PDT After numerous mind-wrecking sessions over a fortnight, on Thursday, American International Group Inc. (NYSE:AIG) and the U.S. Federal Reserve have finally charted out a scheme to free the company from the exorbitant debt that AIG had take under the Troubled Asset Repurchase Program (TARP). Evaluation also came in from the credit rating agency, A.M. Best, who affirmed its issuer credit rating of "bbb" on AIG, reflecting a negative outlook. According to the proposed plan, the U.S. Federal … [visit site to read more]
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| Posted: 03 Oct 2010 04:05 PM PDT We recently downgraded Biogen Idec, Inc. (NASDAQ:BIIB) to Neutral from our previous Outperform recommendation. Biogen is one of the world's largest biotechnology companies. Its main areas of focus include neurology, oncology, hemophilia and immunology. Products such as Avonex (for multiple sclerosis), Rituxan (for non-Hodgkin's lymphoma), and Tysabri (for multiple sclerosis) currently drive the top line. Biogen is the market leader in therapies for the treatment of multiple sclerosis (MS). We … [visit site to read more]
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| EEM: Expanding Triangle Or Consolidation? Posted: 03 Oct 2010 11:36 AM PDT At the beginning of April, as the US stock markets were touching new post-crash highs, I wrote in a piece about foreign markets entitled “Some Opportunities Overseas”:
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