Tuesday, November 30, 2010

DailyMarkets.com - AdvisorShares Files For 3 New Active ETFs With Madrona Funds

DailyMarkets.com - AdvisorShares Files For 3 New Active ETFs With Madrona Funds

AdvisorShares Files For 3 New Active ETFs With Madrona Funds

Posted: 30 Nov 2010 06:09 PM PST

AdvisorShares, the Bethesda, Maryland based firm specializing in actively-managed ETFs, has filed a preliminary prospectus with the SEC for the launch of 3 new actively-managed ETFs in collaboration with Madrona Funds LLC. Madrona Funds is based out of Everett, Washington and was only established as an investment advisor in September 2010. The firm is affiliated with BondStreet Wealth Management, an investment advisor managing in excess of $135 million which has been ranked by Financial Advisor … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Singapore Stock Market Update For Wednesday 01 December

Posted: 30 Nov 2010 06:05 PM PST

Morning Highlights

There Are No Quick Picks For Today!
Singapore Market inched slightly slower in opening trades, as pressured lower by continued concerns that Ireland’s sovereign debt crisis would spread to other euro zone nations.
Watch Out For Economic News Today

China Nov PMI Manufacturing (China PMI up to 55.2 in November vs October’s 54.7)

U.S Nov ADP Employment Change

U.S Nov ISM Manufacturing

Corporate Announcements

Swiber and Rawabi jointly launched a 500 ton Derrick … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stock Picks For Wednesday: Rubicon Minerals, Citigroup, Uranium Resources, Uranium Energy

Posted: 30 Nov 2010 05:07 PM PST

( click to enlarge )
Rubicon Minerals (RBY) had an unusually large spread accompanied with large volume on the last trading day. However today we saw some profit taking. The pull back should be seen as a natural and welcome movement. I would wait for a little consolidation before jumping in, but it looks like RBY is a stock to keep an eye on for awhile.

( click to enlarge )
Citigroup Inc. (NYSE:C) is on the verge of really blowing up. I wouldn’t be surprised to see the stock test … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Sikorsky Invests In Flight Tech

Posted: 30 Nov 2010 04:05 PM PST

Sikorsky Aircraft Corp has made an equity investment in Adaptive Flight, Inc., a manufacturer of avionics systems for small and medium-sized unmanned aerial vehicles. The investment is aimed at developing technologies that will allow piloted and unpiloted aircraft to work in unison. Sikorsky is a subsidiary of United Technologies Corp (NYSE:UTX).
This signals an advancement in the development of technology for optionally piloted aircrafts enabling flying with or without pilots.
United Technologies … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Daewoo Expands In Indonesia

Posted: 30 Nov 2010 04:05 PM PST

Daewoo International signed a contract with the Indonesian Defense Ministry to supply $700 million worth of 6×6 light-armored vehicles to the Indonesian Army. The production will commence at Doosan DST.
The contract is likely to increase opportunities for POSCO (NYSE:PKX) to export light-armored vehicles in the international arena, especially in the Asian and Latin American countries.
In a separate contract, Daewoo International also agreed to supply $800 million worth of Type-209 submarines to … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Good News For Spectrum Pharma

Posted: 30 Nov 2010 03:35 PM PST

Spectrum Pharmaceuticals (NASDAQ:SPPI) recently received encouraging news in the form of the acceptance of its supplemental New Drug Application (sNDA) for cancer candidate Fusilev (levoleucovorin). The application has been considered as a Class II re-submission, implying an early response within 6 months (target date: April 29, 2011).
Spectrum Pharma is looking to expand the label of Fusilev, an injectable drug, and get it approved as a combination therapy in patients suffering from advanced … [visit site to read more] or compare Best Credit Cards and Best CD Rates

St. Joe Executes Airport Access

Posted: 30 Nov 2010 03:35 PM PST

The St. Joe Company (NYSE:JOE), a publicly-held operationally diversified real estate company, has recently signed a 'Master Airport Access' agreement to provide through-the-fence access at the new Northwest Florida Beaches International Airport.
The airport, built on 4,000 acres of land donated by St. Joe, is the first new international airport to be opened in the U.S. since the 2001 terrorist attack. St. Joe is also developing approximately 1,000 acres adjacent to the new airport for … [visit site to read more] or compare Best Credit Cards and Best CD Rates

GE’s NexGen X-Ray Detector

Posted: 30 Nov 2010 03:35 PM PST

At the 96th annual meeting of the Radiological Society of North America (RSNA) in Chicago, GE Healthcare, a unit of General Electric (NYSE:GE), showcased its next generation wireless, digital X-ray detector. The new device, called FlashPad, received the 510k clearance from the US Food and Drug administration. This sophisticated, next-gen detector is compatible across a wide range of GE X-ray products.
It is the sole wireless digital detector, which can aid advanced applications like VolumeRAD and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

The Day Ahead: Beige Book & Nonfarm Payrolls

Posted: 30 Nov 2010 03:30 PM PST

12/01/10 The stories, data, and stocks that may have the greatest impact during the next trading … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Mindray M7 & DC-7 Upgrades At RSNA

Posted: 30 Nov 2010 03:05 PM PST

Leading Chinese medical devices maker Mindray Medical International Limited (NYSE:MR) has announced major upgrades to its ultrasound systems at the ongoing Radiology Society of North America ("RSNA") annual meeting in Chicago. The company will showcase two significant enhancements for its M7 and DC-7 ultrasound platforms at the RSNA.
Mindray will unveil several new upgrades including a broad variety of transducers (devices that converts energy into ultrasonic sound waves) and calculation … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Neutral On Kansas City Southern

Posted: 30 Nov 2010 03:05 PM PST

We reiterate our long-term Neutral recommendation for Kansas City Southern (NYSE:KSU), which implies the stock will perform mostly in line with the broader market. The company's third quarter 2010 net earnings soar, easily beating the Zacks Consensus Estimate.Improvement in business volumes, effective cost control measures, and solid pricing environment are the primary reasons for this excellent result.
During the third quarter of 2010, Kansas City Southern achieved several operating milestones. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Setback For Noble In Ecuador

Posted: 30 Nov 2010 02:35 PM PST

Noble Energy Inc. (NYSE:NBL) encountered a setback in Ecuador, when the national government terminated the Block 3 production sharing contract (PSC) with the company’s subsidiary EDC Ecuador Ltd. The company operates this block with a 100% working interest.
The Ecuadorian government enacted a new hydrocarbon reform bill, by which it will replace all production-sharing deals with service contracts, turning all operators into service providers. Noble’s existing contract for Block 3 is yet to be … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Neutral On Principal Financial

Posted: 30 Nov 2010 02:35 PM PST

We remain neutral on Principal Financial Group (NYSE:PFG), concerned as we are about higher delinquencies in its commercial mortgage portfolio as well as persistentlyhigh unemployment levels that restrict participation in the existing employee benefit plans.
Principal's investment portfolio is highly exposed to commercial real estate. Commercial mortgage loans and commercial mortgage-backed securities (CMBS) represent over 20% of the company's investment portfolio.
We expect the increasing … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Closing Bell Market Monitor: BKS, ABX, C

Posted: 30 Nov 2010 02:21 PM PST

11/30/10 The latest in news, commentary, and information on what’s moving the US equities markets. Watch this broadcast LIVE at 4:00 pm EST daily @ … [visit site to read more] or compare Best Credit Cards and Best CD Rates

The More Accurate Picture?

Posted: 30 Nov 2010 02:08 PM PST

Here’s one interpretation of today’s data from the Conference Board –
“Consumer Confidence Highest in 5 Months” (CNNMoney.com)
Optimism about the U.S. economy grew in November, pushing the latest reading on consumer sentiment to the highest level since June — ahead of the holiday shopping period.
The Consumer Confidence Index rose to 54.1 in November, up from a negatively revised 49.9 in October, the Conference Board, a New York-based research group that compiles the index, said … [visit site to read more] or compare Best Credit Cards and Best CD Rates

TransDigm Raises Debt For Acquisition

Posted: 30 Nov 2010 02:05 PM PST

TransDigm Group Inc (NYSE:TDG) is raising senior subordinated debt of $780 million due in 2018, in a private arrangement exempt from registration requirements.
The company intends to utilize the loan amount, together with borrowings under a new credit facility, to finance the acquisition of McKechnie Aerospace Holdings, Inc., to repay a portion of debt under an existing credit facility, to inject cash into its balance sheet and pay transaction-related expenses.
The company has announced the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

MeadWestvaco To Shed Envelope Biz

Posted: 30 Nov 2010 02:05 PM PST

MeadWestvaco Corporation (NYSE:MWV) announced that it has agreed to sell its Envelope Products Group to Stamford, Connecticut-based leading graphic communications company Cenveo Inc. (NYSE:CVO). The sale is expected to close by the end of 2010.
The Envelope Products Group commands a leading position and produces high quality envelope products suited for diverse business customer needs. This business is part of MeadWestvaco's Consumer & Office Products wing.
The Consumer & Office Products … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Raytheon Gets Army Contract

Posted: 30 Nov 2010 02:05 PM PST

Defense prime Raytheon Company (NYSE:RTN) has been awarded a follow-on $42.9 million delivery order for 57 Common Sensor Payload electro-optical and infrared sensor systems. The order is part of the contract awarded by the U.S. Army in November 2007, with potential future follow-on contracts worth up to $1.2 billion.
The systems will be deployed to support U.S. troops engaged in Operation Enduring Freedom and Operation Iraqi Freedom for maintaining peace and order in civilian areas. The sensor … [visit site to read more] or compare Best Credit Cards and Best CD Rates

DryShips Wins Drilling Contract

Posted: 30 Nov 2010 01:35 PM PST

DryShips Inc.'s (NASDAQ:DRYS) fully owned subsidiary Ocean Rig UDW signed a $77 million contract with Borders & Southern Petroleum Plc for a 2-well exploration and drilling pact in the offshore Falkland Islands area for a period of 90 days, beginning in the fourth quarter of 2011. There are three further optional wells that could extend the contract by 135 days.
DryShips is steadily transforming itself into a drillship company from a drybulk cargo operator. As a result, both the top line and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Good News For Merit Medical

Posted: 30 Nov 2010 01:35 PM PST

Recently, Merit Medical Systems (NASDAQ:MMSI) received approval from the US Food and Drug Administration (FDA) for the phase III clinical trial protocol to treat primary liver cancer with QuadraSphere microsphere for delivery of doxorubicin.
The approval is significant since the late-stage study in the US will be the first to compare drug-eluting microspheres to conventional chemoembolization (cTACE) in the treatment of hepatocellular carcinoma (HCC), the most common form of liver cancer. At … [visit site to read more] or compare Best Credit Cards and Best CD Rates

4 New Financial ETFs To Be Launched By PowerShares

Posted: 30 Nov 2010 01:17 PM PST

In an attempt to sustain a competitive advantage in the ever growing exchange traded fund (ETF) world, PowerShares plans to launch four new financial sector specific ETFs to its arsenal on December 2nd, 2010.
The first will be the PowerShares KBW Premium Yield Equity REIT Portfolio (KBWY) which is based on the KBW Premium Yield Equity REIT Index. The Fund will normally invest at least 90%of its total assets in securities that comprise the Underlying Index, which uses a dividend yield … [visit site to read more] or compare Best Credit Cards and Best CD Rates

A Kraft, Starbucks Rift After 12 Years

Posted: 30 Nov 2010 01:06 PM PST

Kraft Foods Inc. (NYSE:KFT) is claiming arbitration from Starbucks Corporation (NASDAQ:SBUX), as Starbucks attempts to end the 12-year agreement, under which Kraft Foods has been distributing packaged Starbucks coffee to retail grocery stores.
Kraft stated that the deal was in effect indefinitely and it requires sufficient time to execute an orderly transition. Kraft insists that Starbucks must compensate it for the fair market value of the business with a premium of up to 35% of that value.
Marc … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Federated Closes $14B Transition

Posted: 30 Nov 2010 01:06 PM PST

Investment management firm Federated Investors Inc. (NYSE:FII) accomplished the transition of $14 billion in money market assets that were previously managed by SunTrust Bank Inc.'s (NYSE:STI) RidgeWorth Captial Management unit.
On September 20, 2010, Federated acquired the money market management business of SunTrust Bank. Pursuant to the definitive agreement signed on July 16, 2010, money market assets to the tune of $11 billion were transitioned to Federated during the third quarter of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Chipotle Upgraded To Outperform

Posted: 30 Nov 2010 01:06 PM PST

We are upgrading our rating on fast food restaurant chain Chipotle Mexican Grill Inc. (CMG) to Outperform from Neutral.
The rating upgrade is based on third quarter 2010 earnings, which surpassed the Zacks Consensus Estimate on the heels of strong top-line growth, buoyed by a higher traffic count and new restaurant openings. The company also raised its fiscal 2010 outlook for same store sales.
We also remain positive as the company has remained unaffected by the recent economic slowdown and has … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Carnival Corp. Downgraded To Neutral

Posted: 30 Nov 2010 12:35 PM PST

We are downgrading our rating on Carnival Corporation (NYSE:CCL), the largest cruise operator in the world, to Neutral from Outperform.
The rating downgrade is based on surging fuel prices, a greater exposure to the sluggish European market and overall economic uncertainty, given that these will prove to be headwinds for the company going forward. Additionally, the company experienced a recent set back as a fire broke out in the engine room of the Carnival Splendor, negatively impacting fourth … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Glaxo Hikes Stake In Theravance

Posted: 30 Nov 2010 12:35 PM PST

British pharma giant GlaxoSmithKline Plc (NYSE:GSK) upped its holding in biotech company Theravance Inc. (NASDAQ:THRX) following the completion of the sale of 5,750,000 shares at $22.50 per share. The transaction, worth approximately $129.4 million, allows Glaxo to hold approximately 19% of Theravance shares going forward.
The increased holding by the pharma major reflects the confidence in the Relovair program, under which the companies are looking to replace one of Glaxo's best selling drugs Advair … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Marathon Forays Into Eagle Ford

Posted: 30 Nov 2010 12:05 PM PST

Marathon Oil Corporation (MRO) inked a $10 million deal with a private company, Denali Oil & Gas, by which the former will entry into the Eagle Ford Shale of South Texas. This deal is a part of Marathon's strategy of expanding its asset base.
As per the terms of the agreement, Marathon will acquire approximately 17,000 net acres of land in the Eagle Ford Shale formation in Wilson and Atascosa counties from Houston-based Denali. Marathon has also agreed to drill and complete four wells.
In … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Jakks Pacific And Microsoft Team Up

Posted: 30 Nov 2010 12:05 PM PST

Jakks Pacific Inc. (NASDAQ:JAKK) recently inked a licensing agreement with Microsoft Corp. (NASDAQ:MSFT) to design and manufacture interactive plush toys beginning with King Cheetah and Maltese Tiger that integrate with the 'Kinectimals' video game for Kinect for Xbox 360 entertainment system that was launched worldwide this month. Jakks Pacific has a partnership with Kinect games to manufacture the interactive toy range, which falls under the pre-school category.
In addition, Jakks will produce a … [visit site to read more] or compare Best Credit Cards and Best CD Rates

More Positive News: Green Shoots Everywhere

Posted: 30 Nov 2010 11:46 AM PST

1. U.S. Consumer confidence in November reached its highest level since May, five months ago.

2. The Leading Economic Index for the Euro Area increased by 0.4% in October, following increases of 0.2% and 0.6% in September and August, respectively.   

3. Shipping in Europe is showing strong gains: Hamburg’s total cargo volume rose 8% during the first nine months of the year compared to 2009, Rotterdam’s traffic jumped 31.4% over the same period, and Antwerp’s cargo volume was up … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Euro Plummet Continues

Posted: 30 Nov 2010 11:25 AM PST

11/30/10 Weak European economic data and growing eurozone debt concerns have paved the way for the euro to fall to an 11-week low against the yen and a 10-week low against the … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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