DailyMarkets.com - ‘Is This An Episode Of The Twilight Zone?’
DailyMarkets.com - ‘Is This An Episode Of The Twilight Zone?’ |
- ‘Is This An Episode Of The Twilight Zone?’
- Pepco Gets $3.9 Million Contract
- October Sales For Volkswagen Accelerate
- Chinese Workers Build 15-story Hotel In Just 6 Days
- ETP’s Projects Nearing Completion
- CSC To License Billing Software
- Chevron Retains Neutral Rec
- LAN Traffic Rises Significantly
- L-3 Comm Gets Another Contract
- Earnings Scorecard: MWI Vet Supply
- Lockheed Wins Navy Contract
- MeadWestvaco To Acquire Spray Plast
- PPL’s E.ON Financing Complete
- Closing Bell Market Monitor: DIS, JCP, WEN
- Earnings Preview: Jacobs Engineering Group Inc.
- Mindray’s Products At MEDICA 2010
- EPD’s Organic Growth Continues
- Forex – EUR/USD Up At The End Of U.S. Session
- Forex – USD/CAD Up Toward The End Of U.S. Session
- PX India’s Daily Gas Supply For Tata Steel
- Earnings Scorecard: Qualcomm Inc.
- Forex – GBP/USD Up Toward The End Of U.S. Session
- U.S. Markets Close Lower; Dow Jones Down 0.8%
- Earnings Scorecard: Devon Energy
- StanCorp Financial Upgraded
- Church & Dwight Tops Estimate
- Brinker Raises Share Buy Back
- PKX Invests In Brazil’s Steel Market
- Forex – EUR/USD Up During The U.S. Session
- The Failure Of The G-20 Summit
| ‘Is This An Episode Of The Twilight Zone?’ Posted: 12 Nov 2010 04:12 PM PST Amid the economic wreckage that surrounds us, sometimes all you can do is laugh. In fact, I was nearly crying with laughter while watching “Quantitative Easing Explained,” a devastating (but very funny) YouTube video cartoon smackdown of the Federal Reserve and its dangerously misguided efforts to get the economy moving again. Here are two brief snippets:
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| Pepco Gets $3.9 Million Contract Posted: 12 Nov 2010 04:05 PM PST Pepco Energy Services Inc., a subsidiary of Pepco Holdings Inc. (NYSE:POM), has been awarded a $3.9 million contract to design and build a plant at the Alpha Ridge Landfill, near Baltimore.
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| October Sales For Volkswagen Accelerate Posted: 12 Nov 2010 04:00 PM PST 11/12/10 Strong demand in China and the US allowed Volkswagen AG to announce that it sold nearly 10% more cars in October than it did the previous … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Chinese Workers Build 15-story Hotel In Just 6 Days Posted: 12 Nov 2010 03:48 PM PST Yahoo! News — “A construction crew in the south-central Chinese city of Changsha has completed a 15-story hotel in just 6 days. The work crew erected the hotel — a soundproofed, thermal-insulated structure reportedly built to withstand a magnitude 9 earthquake — with all prefabricated materials. In other words, a crew of off-site factory workers built the sections, and their on-site counterparts arranged them on the foundation for the Ark Hotel project. Despite the frenetic pace of … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| ETP’s Projects Nearing Completion Posted: 12 Nov 2010 03:35 PM PST Energy Transfer Partners L.P. (ETP), a master limited partnership ("MLP"), announced that two pipeline projects (Fayetteville Express Pipeline and the Tiger Pipeline) that will transport shale gas further downstream, will come online several months ahead of schedule and significantly below budget.
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| CSC To License Billing Software Posted: 12 Nov 2010 03:35 PM PST Virginia-based Computer Sciences Corp. (NYSE:CSC) announced that it has signed a multi-year licensing agreement with leading insurance group, Shelter Mutual Insurance Company of Columbia. Financial terms were not disclosed.
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| Posted: 12 Nov 2010 03:35 PM PST We are maintaining our Neutral rating on Chevron Corporation (CVX), reflecting lower-than-expected third quarter 2010 results. Higher costs incurred in association with the Gulf of Mexico ("GoM") drilling moratorium and lower U.S. volumes have impaired the company's performance.
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| LAN Traffic Rises Significantly Posted: 12 Nov 2010 03:05 PM PST Chile-based LAN Airlines S.A. (NYSE:LFL) released its passenger traffic data for October 2010. Total passenger traffic grew significantly by 16.0% year over year, with an 11.9% increase in domestic traffic and 17.7% in international traffic. International passenger traffic accounted for approximately 70% of the total passenger traffic.
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| L-3 Comm Gets Another Contract Posted: 12 Nov 2010 03:05 PM PST L-3 Communications Holdings Inc. (NYSE:LLL) announced that its STRATIS division has been selected as one of the three prime contractors for the Intelligence Support Services-Afghanistan (ISS-A) contract.
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| Earnings Scorecard: MWI Vet Supply Posted: 12 Nov 2010 03:05 PM PST The announcement of MWI Veterinary Supply’s (NASDAQ:MWIV) fourth quarter and fiscal 2010 results on November 4, 2010, has triggered the positive revision of estimates among analysts for fiscal 2011 and 2012.
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| Posted: 12 Nov 2010 03:05 PM PST Lockheed Martin Corporation (NYSE:LMT) announced that it received a contract from the U.S. Navy worth $97 million for production of the Aegis Weapon System for destroyer DDG-113. The contract value also includes advance funding for procurement of additional systems for DDG 14 and 15.
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| MeadWestvaco To Acquire Spray Plast Posted: 12 Nov 2010 02:35 PM PST Paper and plastics maker MeadWestvaco Corporation (NYSE:MWV) entered into an agreement to acquire Spray Plast SpA in a drive to expand its European footprint in the Home & Garden business. The acquisition is expected to close by the end of the fourth quarter of this year.
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| Posted: 12 Nov 2010 02:35 PM PST PPL Corporation (NYSE:PPL) announced the completion of the final leg of financing for the recently acquired LG&E and KU Energy LLC, formerly E.ON U.S., the parent company of Louisville Gas and Electric Company (LG&E) and Kentucky Utilities Company (KU).
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| Closing Bell Market Monitor: DIS, JCP, WEN Posted: 12 Nov 2010 02:18 PM PST 11/12/10 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
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| Earnings Preview: Jacobs Engineering Group Inc. Posted: 12 Nov 2010 02:05 PM PST Jacobs Engineering Group Inc. (NYSE:JEC) is scheduled to report its fourth quarter and fiscal 2010 operating results on November 16. Management expects fiscal 2010 EPS to be in the range of $2.30-$2.65 and the Zacks Consensus Estimate to remain at $2.45 per share.
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| Mindray’s Products At MEDICA 2010 Posted: 12 Nov 2010 02:05 PM PST Leading Chinese medical devices maker Mindray Medical International Limited (NYSE:MR) has announced that it will participate at the "MEDICA 2010" international medical technology trade fair, slated to be held in Dusseldorf, Germany from November 17-20, 2010.
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| EPD’s Organic Growth Continues Posted: 12 Nov 2010 02:05 PM PST Enterprise Products Partners L.P. (NYSE:EPD) intends to construct a crude oil storage facility, the Enterprise Crude Houston terminal, and associated pipelines to accommodate growing production from the Eagle Ford Shale play in South Texas. The construction mainly aims at facilitating the refiners in the Houston area. The partnership expects the total infrastructure to come online in mid-2012.
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| Forex – EUR/USD Up At The End Of U.S. Session Posted: 12 Nov 2010 02:00 PM PST Forex Pros – The Euro was higher against the U.S. Dollar on Friday after the release of euro zone data on GDP. EUR/USD was trading at 1.3692, up 0.17% at time of writing. The pair was likely to find support at 1.3574, today's low, and resistance at 1.4085, Monday's high. Earlier in the day, preliminary official data showed that Gross domestic product in the euro zone rose less-than-expected to a seasonally adjusted 0.40% in the last quarter from 1.00% in the preceding quarter. Analysts … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – USD/CAD Up Toward The End Of U.S. Session Posted: 12 Nov 2010 01:45 PM PST Forex Pros – The U.S. Dollar was higher against the Canadian Dollar on Friday after the release of U.S. data on Michigan Consumer Sentiment Index. USD/CAD was trading at 1.0102, up 0.70% at time of writing. The pair was likely to find support at 0.9977, Thursday's low, and resistance at 1.0146, today's high. Earlier in the day, preliminary data showed that U.S. UoM consumer sentiment rose more-than-expected to a seasonally adjusted 69.30 last month from 67.70 in the preceding … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| PX India’s Daily Gas Supply For Tata Steel Posted: 12 Nov 2010 01:35 PM PST Praxair Inc's (NYSE:PX) Indian unit, Praxair India Private Limited contracted to supply 600 tons of high pressure nitrogen daily to Tata Steel Limited. The gas supplied will be used primarily for steel production by the Indian steel maker.
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| Earnings Scorecard: Qualcomm Inc. Posted: 12 Nov 2010 01:35 PM PST Qualcomm Inc. (NASDAQ:QCOM) reported strong earnings results for the fourth quarter of fiscal year 2010, beating the Zacks Consensus Estimate by 2 cents per share. Overall, the analysts are bullish, given the company's impressive fourth quarter results.
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| Forex – GBP/USD Up Toward The End Of U.S. Session Posted: 12 Nov 2010 01:30 PM PST Forex Pros – The British Pound was higher against the U.S. Dollar on Friday. GBP/USD was trading at 1.6138, up 0.10% at time of writing. The pair was likely to find support at 1.5954, Tuesday's low, and resistance at 1.6215, Monday's high. Meanwhile, the British Pound was down against the Euro and up against the Japanese Yen, with EUR/GBP gaining 0.09% to hit 0.8486 and GBP/JPY rising 0.13% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| U.S. Markets Close Lower; Dow Jones Down 0.8% Posted: 12 Nov 2010 01:28 PM PST Forex Pros – U.S. stocks were down after the closing bell on Friday. At the close of U.S. trade, the Dow Jones Industrial Average fell 0.8%, the S&P 500 index shed 1.18%, while the Nasdaq 100 index declined 1.62%. Earlier in the day, preliminary data showed that U.S. UoM consumer sentiment rose more-than-expected to a seasonally adjusted 69.30 last month from 67.70 in the preceding month. Analysts had expected UoM consumer sentiment to rise to 69.00 last month. Meanwhile, across the … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Earnings Scorecard: Devon Energy Posted: 12 Nov 2010 01:05 PM PST Following Devon Energy Corporation's (NYSE:DVN) robust third quarter 2010 earnings results on November 3, 2010, analyst sentiments on the stock were mixed, while estimates are drifting more to the upside. Strong realized prices for hydrocarbons and improved cost efficiencies resulting from the asset repositioning Devon to outperformance during the September quarter.
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| Posted: 12 Nov 2010 01:05 PM PST We recently upgraded StanCorp Financial Group (NYSE:SFG) to Neutral from Underperform on the back of solid third-quarter results.
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| Posted: 12 Nov 2010 12:35 PM PST Church & Dwight Co. Inc. (NYSE:CHD), a leading consumer products company, posted third-quarter earnings of 96 cents a share, outpacing the Zacks Consensus Estimate of 89 cents a share. However, earnings fell short of the prior-year figure of 98 cents a share.
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| Posted: 12 Nov 2010 12:35 PM PST Brinker International Inc. (EAT), which operates Chili's Grill & Bar and Maggiano's Little Italy restaurants, raised its share buyback program by an additional $325 million.
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| PKX Invests In Brazil’s Steel Market Posted: 12 Nov 2010 12:35 PM PST Korean steel producer, POSCO (NYSE:PKX) joined hands with Brazil's Vale S.A. (VALE) and Dongkuk Steel Mill for the construction of a steel plant in the state of Ceara, Brazil. Vale will hold a 50% stake in the plant with POSCO holding 30% and Dongkuk Steel Mill the remaining 20%.
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| Forex – EUR/USD Up During The U.S. Session Posted: 12 Nov 2010 12:05 PM PST Forex Pros – The Euro was higher against the U.S. Dollar on Friday after the release of U.S. data on Michigan Consumer Sentiment Index. EUR/USD was trading at 1.3693, up 0.18% at time of writing. The pair was likely to find support at 1.3574, today's low, and resistance at 1.4085, Monday's high. Earlier in the day, preliminary data showed that U.S. UoM consumer sentiment rose more-than-expected to a seasonally adjusted 69.30 last month from 67.70 in the preceding month. Analysts had … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| The Failure Of The G-20 Summit Posted: 12 Nov 2010 11:34 AM PST The President emerged today from a meeting with the heads of state and finance ministers of the 20 biggest economies, in Soeul, South Korea, saying they had agree to "get the global economy back on the path of recovery."
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