Wednesday, October 13, 2010

DailyMarkets.com - Stock Picks For Thursday: ReneSola, TransGlobe Energy, Denison Mines, Plug Power

DailyMarkets.com - Stock Picks For Thursday: ReneSola, TransGlobe Energy, Denison Mines, Plug Power


Stock Picks For Thursday: ReneSola, TransGlobe Energy, Denison Mines, Plug Power

Posted: 13 Oct 2010 06:07 PM PDT

( click to enlarge )
ReneSola Ltd. (ADR) (NYSE:SOL) is one of the hottest stocks in the market right now. The stock is looking good and looks set to break into new highs, but if prices pullback, the $12.72 level is a possible area for them to be supported at. All indicators still point to a bull market. The technical daily chart above shows the stock is now in a very strong upward momentum as both 50-day and 200-day moving averages are going up along with the stock. MACD and KD also shows … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Girl Power In The People’s Republic Of China: They Dominate The World’s Richest Self-made Women

Posted: 13 Oct 2010 05:31 PM PDT

And you thought Oprah was rich….. she barely makes in the top ten richest self-made women in the world. The elite group is now dominated by Chinese women, who hold the top three positions, four out of the top five and more than half of the top twenty (see chart above).  

As Mao would say, “Let a hundred billionaires blossom in China….”  There are actually now 400-500 billionaires in China according to this source, the largest number of any country in the world.  And … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Trading: Aud MI Inflation Expectation Came Out Better Then Expected.

Posted: 13 Oct 2010 05:11 PM PDT

MI Inflation Expectation came out at 3.8% from prior at 3.1%
Aud/Usd rallied for 20 pips for a high of … [visit site to read more] or compare Best Credit Cards and Best CD Rates


A Plan For S&P 1220

Posted: 13 Oct 2010 04:30 PM PDT

We’re all watching thankfully as the Peruvian miners are being pulled out of their deep hole. Back here at home, many investors are watching thankfully as their portfolios are slowly coming out of their deep hole by a very obliging market. For the miners, it’s as if they’ve been reborn. Perhaps our portfolios will get a second chance as well.
The market is halfway between the neckline of that inverted head-and-shoulders reversal pattern and the price target of 1220. Rather than being pulled … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Apollo Beats Estimates

Posted: 13 Oct 2010 03:35 PM PDT

Apollo Group Inc. (NASDAQ:APOL) reported fourth quarter 2010 earnings of $1.31 per share from continuing operations beating Zacks Consensus Estimates of $1.29 per share. The EPS decreased 24.7% sequentially, but increased 23.6% from the prior year quarter.

Apollo reported net revenue of $1259.4 million, marginally beating the Zacks Consensus Revenue estimate of $1258 million. Revenue increased 17.3% from the year-ago quarter. The revenue gains reflected contribution from the acquisition of BPP … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Foster Wheeler Wins Contract

Posted: 13 Oct 2010 03:05 PM PDT

Foster Wheeler AG (NASDAQ:FWLT), through its Global Engineering and Construction Group, has received a pre-front-end engineering design (pre-FEED) and front-end engineering design (FEED) contract from a joint venture company of Eni Venezuela B.V and Repsol YPF Venezuela Gas, S.A. The contract is for the development of new production facilities at the Perla field, situated in the Gulf of Venezuela, Caribbean Sea.
Eni Venezuela B.V and Repsol YPF Venezuela Gas, S.A. are working together to develop … [visit site to read more] or compare Best Credit Cards and Best CD Rates


RightNow Ups Outlook

Posted: 13 Oct 2010 03:05 PM PDT

RightNow Technologies (NASDAQ:RNOW) recently released its preliminary results for the third quarter of 2010. Based on preliminary information and subject to the quarterly accounting close and review procedures, RightNow expects to report revenues of $48 million, up from the previous estimate of $45 million.

Management stated that the third quarter was strong driving continued momentum. RightNow Technologies is a leading provider of on-demand customer relationship management (CRM) software solutions … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Trading: Nzd Retail Sales MoM Came Out Worse Then Expected

Posted: 13 Oct 2010 02:50 PM PDT

Retail Sales came out at .0%, expected at 0.3%,
Ex-Auto Retail Sales came out at -0.6%, expected at 0.2%
Nzd/Usd fell 40 pips to 0.7560 from 0.7600
Retail Sale might have been effected by the earth quake in … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Broadcom Acquires Beceem

Posted: 13 Oct 2010 02:35 PM PDT

Leading chipmaker Broadcom Corporation (NASDAQ:BRCM) announced that it will acquire privately held Beceem Communications Inc. for $316 million. The acquisition has been approved by the boards of directors of both companies.

The transaction is expected to close by the fourth quarter of 2010 or the end of the first quarter of 2011. Excluding any purchase accounting related adjustments and fair value measurements, Broadcom expects the acquisition of Beceem to be neutral to bottom-line in 2011.

Beceem … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Pratt & Whitney’s CVC Technology

Posted: 13 Oct 2010 02:35 PM PDT

Pratt & Whitney, a United Technologies Corporation (NYSE:UTX) company, has received a $33.8 million contract from the Defense Advanced Research Projects Agency for developing the Constant Volume Combustion (CVC) engine technology.
CVC technology has the potential to significantly reduce fuel consumption of the U.S. Navy surface combat vehicles and increase overall efficiency. CVC engines burn fuel at a constant volume and are considerably more efficient than conventional engines, which burn … [visit site to read more] or compare Best Credit Cards and Best CD Rates


UCB, Synosia Ink Deal

Posted: 13 Oct 2010 02:35 PM PDT

UCB (UCBJF) recently announced that it has entered into a partnership agreement with Synosia Therapeutics for the development of neurological disease treatments. As per the terms of the deal, Synosia granted UCB worldwide rights to two compounds for non-orphan indications. The mid-stage compounds, SYN-115 and SYN-118, are being evaluated for the treatment of Parkinson's disease.
Under the deal, Synosia will be responsible for phase II development of these compounds, at which time UCB will … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Eli Lilly’s Alimta Disappoints

Posted: 13 Oct 2010 02:05 PM PDT

Eli Lilly's (NYSE:LLY) oncology pipeline suffered a setback recently with the company reporting disappointing results on Alimta from a phase III study. Data, presented at the annual meeting of the European Society for Medical Oncology (ESMO), showed that Alimta failed to achieve its primary endpoint in a phase III study that was being conducted in patients suffering from recurrent or metastatic squamous cell cancer of the head and neck (SCCHN).
The study was conducted with 795 patients who … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Sweet On Micro-cap Redpoint Bio

Posted: 13 Oct 2010 02:05 PM PDT

Zacks Senior Biotechnology Analyst, Jason Napodano, CFA, recommends micro-cap Redpoint Biosciences (RPBC).

In the past, we have written extensively about the opportunity for all-natural sweeteners such as Stevia, and the newly discovered ability for Stevioside derivatives such as Reb-C to enhance the taste of caloric sweeteners, including sugar and high-fructose corn syrup. The result of using Stevia and Reb-C: an all-natural sweet tasting product with significantly less calories.

Here is a … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Bank Failures: The Worst May Be Over

Posted: 13 Oct 2010 01:43 PM PDT

From an article by Daniel Gross “Bank Failures: The Worst May Be Over”:

“A close look at the FDIC’s data on recent bank failures suggests that the worst may be over. Yes, banks are still failing at a record pace. But the raw number of failed banks doesn’t tell the whole story. The banks that are failing these days tend to be smaller, and have fewer deposits. And because other components of the banking industry have returned to health, the cost of these failures to the FDIC’s depleted deposit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


CSX Surpasses On Strong Shipment

Posted: 13 Oct 2010 01:35 PM PDT

CSX Corporation (NYSE:CSX), the second-largest U.S. railroad, reported its third quarter earnings of $1.08 per share, which was well above the Zacks Consensus Estimate of $1.04 and the year-ago earnings of 73 cents. Earnings per share shot up 48% year over year on strong shipment.  
Revenues increased 16% year over year to $2.67 billion in the second quarter, and surpassed the Zacks Consensus Estimate of $2.65 billion. Volume grew across all major markets driven by sustained economic growth … [visit site to read more] or compare Best Credit Cards and Best CD Rates


First Solar Gets Contract Expansion

Posted: 13 Oct 2010 01:35 PM PDT

First Solar Inc. (NASDAQ:FSLR) has signed contract volume expansion agreements with seven customers leading to a 380 megawatt (MW) increase in its order backlog for 2011 over previously announced volumes. The expanded contracts are with existing customers and will serve predominantly European markets.
The new contracts are in line with First Solar's plan to add manufacturing capacity in Germany and France to better meet local demand and encourage the development of the market for utility-scale … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Sempra Energy Making Solar Inroads

Posted: 13 Oct 2010 01:35 PM PDT

Sempra Energy (NYSE:SRE) entered into a 20-year power-purchase agreement with Pacific Gas & Electric Company (NYSE:PCG) to sell 150 megawatts (MW) of solar power produced at its Mesquite Solar I project in Arizona. After completion in early 2013, Mesquite Solar I will produce enough emission-free electricity to power approximately 56,000 homes.
Sempra Energy expects to begin construction on Mesquite Solar I in 2011. The power-purchase contract with Pacific Gas for Mesquite Solar I is, however, … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Abbott’s Psoriasis Drug Encourages

Posted: 13 Oct 2010 01:05 PM PDT

Abbott Labs (NYSE:ABT) recently presented encouraging data on its psoriasis candidate, ABT-874. Results were presented from four pivotal phase III studies at the European Association of Dermatology and Venereology scientific sessions.
Results showed that a higher number of patients being treated with ABT-874 achieved skin clearance rates of at least 75% compared to patients being treated with Amgen/Pfizer's (NYSE:PFE) Enbrel, methotrexate or placebo. The studies were conducted in patients with … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Fluor Wins Spanish Contract

Posted: 13 Oct 2010 01:05 PM PDT

Fluor Corporation (NYSE:FLR) has won an engineering services contract for the construction of two 50 megawatt solar power plants in Alcazar de San Juan, Spain. Fluor has booked the contract value in the third quarter of 2010. Elecnor S.A. has awarded the contract to Fluor, who will provide basic and detailed engineering and consulting services for these two new solar units.
Fluor stands out as one of the few engineering and construction companies that has the technological expertise, … [visit site to read more] or compare Best Credit Cards and Best CD Rates


PKX’s 3Q Net Falls, Top-Line Strong

Posted: 13 Oct 2010 12:35 PM PDT

Korean steelmaker POSCO (NYSE:PKX) reported rather disappointing financial results for the third quarter of 2010 as its net income plummeted 8.6% year over year to KRW 1,044 billion (US$0.88 billion) and also registered a sequential decline of 12.7%. The fall was due to higher costs that more than offset positive revenue results in the quarter.
Earnings per share were KRW 11,966 (US$2.52 per ADR), down compared with KRW 13,089 (US$2.76 per ADR) in the comparable quarter of 2009.
Consolidated net … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Neutral On Sherwin-Williams

Posted: 13 Oct 2010 12:35 PM PDT

We reiterate our Neutral recommendation on Cleveland, Ohio based Sherwin-Williams Company (NYSE:SHW), a company engaged in manufacturing and sale of paints, coatings and related products, primarily in the North and South America.
Sherwin-Williams Consumer segment is recovering thanks to improving domestic and international sales of automotive finishes, original equipment manufacturers' product finishes, and protective and marine coatings. The Paint segment has also seen some rebound with a … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Three Reasons To Consider Indian ETFs

Posted: 13 Oct 2010 12:17 PM PDT

As emerging market economies continue to draw attention and appeal and are likely to remain at the forefront of global economic growth in the future, India and the exchange traded funds [[ETFs]] that track the Asian nation have long-term appeal and for good reason.
The International Monetary Fund (NYSE:IMF) expects the Indian economy to grow by 8.5% this year and to continue its expansion in the coming years.  One reason India is expected to continue to witness healthy economic growth is its … [visit site to read more] or compare Best Credit Cards and Best CD Rates


General Motors And The State Of California

Posted: 13 Oct 2010 12:12 PM PDT

A quote from a few years ago: “If you’re not familiar with General Motors, it’s a health care benefits management firm that sells cars for a loss as a side venture.”

Updated version: “If you’re not familiar with the state of California, it’s a public employee pension management organization that runs a state on the side with a large $19 billion deficit.”

California governor Arnold Schwarzenegger explains it this way in today’s WSJ:

“The problem is stark: Over the last decade in California, … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Union Pacific Launches Ad Campaign

Posted: 13 Oct 2010 12:05 PM PDT

U.S. railroad giant Union Pacific Corp. (UNP) made history by launching its first national advertising campaign in nearly a decade, focused on creating new business opportunities. In the second quarter 2010, Union Pacific witnessed a record operating ratio of 69.4% compared with 77.4% in the prior- year quarter. This is the first time that Union Pacific achieved a sub-70 benchmark.
Union Pacific is also hiring and training rail crew to further improve operating efficiency. During second quarter … [visit site to read more] or compare Best Credit Cards and Best CD Rates


JetBlue’s September Traffic Results

Posted: 13 Oct 2010 12:05 PM PDT

Delaware-based, JetBlue Airways Corporation (NASDAQ:JBLU) reported its preliminary traffic results for September 2010 yesterday. The company's traffic in the month escalated 14.6% year over year to 2.2 billion compared with 1.9 billion as of September 2009.
Month-ending September 2010, JetBlue Airways' available seat miles were approximately 2.7 billion, up 10.4% compared with the month of September a year-ago. Load factor was up 3 points to 80.6% versus 77.6% in the corresponding month of … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Find All My Articles From The Value Investing Congress

Posted: 13 Oct 2010 11:22 AM PDT

To find all my articles from the Value Investing Congress go to http://www.gurufocus.com/news.php?author=Jacob+Wolinsky. Keep checking back as I will be writing many more articles over the next few … [visit site to read more] or compare Best Credit Cards and Best CD Rates


N. Carolina Is State #13 To Report Sept. Tax Gain

Posted: 13 Oct 2010 11:18 AM PDT

“North Carolina’s tax collections are showing small signs of improvement as the state tries to pull out of an economic downturn which caused government shortfalls.  State budget director Charlie Perusse said Tuesday that preliminary September revenues are better compared to same month a year ago. Taxes withheld from payroll checks are 4.5% higher and sales tax collections are up by 3%. Corporate tax payments have seen an 11% increase.  Perusse said the readings make it the best month … [visit site to read more] or compare Best Credit Cards and Best CD Rates


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