Monday, November 29, 2010

DailyMarkets.com - Stock Picks For Tuesday: Eastman Kodak, Apple, DryShips, Uranium Resources

DailyMarkets.com - Stock Picks For Tuesday: Eastman Kodak, Apple, DryShips, Uranium Resources

Stock Picks For Tuesday: Eastman Kodak, Apple, DryShips, Uranium Resources

Posted: 29 Nov 2010 05:09 PM PST

( click to enlarge )
Eastman Kodak Company (NYSE:EK), closed back over the 20MA and the volume was good. It looks like an upside breakout is imminent as the stock completely turned around from Friday’s negative price action. The immediate support level is now adjusted to $4.75 followed by $4.63 and the resistance continues to be located at $4.96 followed by $5.07. The technical indicators such as KD and MACD also show buy signal as %K line has just crossed on top over %D line and MACD is … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Hungary To Nationalize Pension Funds: “This Is Open Blackmail”

Posted: 29 Nov 2010 04:34 PM PST

Might Uncle Sam try to take control of our retirement assets?
"What's that, LD? Lose control of our retirement assets?"  That is, could the "grand ol' man" unilaterally swap our retirement assets for government sponsored IOUs?
This past January a regular reader of Sense on Cents provided us a Blueprint for Government Takeover of IRAs. In February I interviewed Ron Holland regarding his report, "Plan Now to Escape Obama's Retirement Trap."
Many readers of the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Philips’ New MRI System

Posted: 29 Nov 2010 03:35 PM PST

Royal Philips Electronics (NYSE:PHG) unveiled Philips Ingenia, the first-ever digital broadband magnetic resonance imaging (MRI) solution.
The Ingenia MR system incorporates, for the first time, digital signal acquisition and processing directly in the RF receive coil nearest to the patient. By capturing the signal directly in the RF coil and maintaining digital connectivity throughout the scanning process, Ingenia is able to generate a 40% improvement in signal-to-noise ratio, resulting in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Too Dumb Is Clever

Posted: 29 Nov 2010 03:20 PM PST

According to Ogden Nash, "Too clever is dumb." I'm not sure that's true anymore. If so, it should curb the popularity of the Ben Ber-nak cartoon, but it feeds it instead. Too dumb has become clever.
The ridicule centers on the Fed printing money, which it literally doesn't do, by the way, but try telling that to the millions of viewers.
For the record, when the Fed buys government securities in the market (yes, through dealers, of which Goldman Sachs is one), the ultimate seller gives … [visit site to read more] or compare Best Credit Cards and Best CD Rates

WMB & WPZ Close Piceance Asset Deal

Posted: 29 Nov 2010 03:05 PM PST

Integrated energy firm Williams Companies (NYSE:WMB) and its 84%-owned master limited partnership Williams Partners L.P. (NYSE:WPZ) completed a transaction as per which the latter acquired Williams Companies’ gathering and processing assets in the Piceance Basin of Colorado. The deal was finalized for $782 million and was announced on October 28.
Williams Companies will continue to use the assets for their Piceance basin production via a long-term gathering agreement with Williams Partners.
Out of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Allos Therapeutics Stays Neutral

Posted: 29 Nov 2010 03:05 PM PST

We are maintaining our Neutral recommendation on Allos Therapeutics Inc.(NASDAQ:ALTH) with a target price of $4.75.
Allos, founded in 1992 and headquartered in Westminster, Colorado, is a biopharmaceutical company focused on the development and commercialization of small molecule drugs for the treatment of cancer. The company was formerly known as HemoTech Sciences, Inc. and changed its name to Allos Therapeutics in October 1994.
Allos recently reported a slightly higher net loss in the third … [visit site to read more] or compare Best Credit Cards and Best CD Rates

General Motors Assembly Line Grows, Recalls 700 Workers

Posted: 29 Nov 2010 02:47 PM PST

11/29/10 GM announced Monday that it will put an additional 700 people to work on the assembly line at its Oshawa plant in Ontario, Canada. This just two months after adding a third shift to another line which totals 1,300 new … [visit site to read more] or compare Best Credit Cards and Best CD Rates

FTE To Acquire Stake In Korek

Posted: 29 Nov 2010 02:35 PM PST

According to reports and market sources, France Telecom (NYSE:FTE), the world's largest telecommunications carrier in Paris, is in talks to buy a minority stake in Korek Telecom, Iraq's third-largest mobile phone operator. The acquisition will be a part of the company's strategy to expand its presence in the Middle East.
To offset sluggish demand and intense competition in Europe, France Telecom is expanding its position in emerging markets across Africa, Asia and the Middle East. The … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Embraer Riding On The Economy

Posted: 29 Nov 2010 02:35 PM PST

The gradual economic recovery is encouraging almost all the industries to open up. The airline industry, which took a big hit from the recession, is also looking for opportunities as the fuel cost is more or less half of $150 per barrel in 2008.
Empresa Brasileira de Aeronautica S.A., or Embraer (NYSE:ERJ), the largest Brazilian aircraft manufacturer, has recently started erecting a project in Évora, Portugal, slated for completion by fiscal 2011, to manufacture complex airframe structures … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Neutral On ValueClick

Posted: 29 Nov 2010 02:05 PM PST

We maintain our Neutral rating on ValueClick Inc. (NASDAQ:VCLK) until it delivers a sustained growth. The stock is expected to perform in line with the market. Our price target of $16.00 represents a discount to the industry.
ValueClick's third quarter 2010 results beat the Zacks Consensus Estimate. Revenue, earnings and adjusted EBITDA exceeded the high end of management's expectation. The company expects a double-digit growth in fourth quarter 2010 and full-year 2011.  
Third quarter 2010 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Earnings Preview: Del Monte

Posted: 29 Nov 2010 02:05 PM PST

Del Monte Foods Co. (NYSE:DLM), one of the leading producers and distributors of canned vegetables and fruits in the U.S., is scheduled to report its second-quarter 2011 financial results on Wednesday, December 1, 2010. The current Zacks Consensus Estimate for the quarter is 35 cents a … [visit site to read more] or compare Best Credit Cards and Best CD Rates

NII Holdings Remains Neutral

Posted: 29 Nov 2010 02:05 PM PST

We maintain our long-term Neutral recommendation for NII Holdings Inc. (NASDAQ:NIHD), which means the stock will perform mostly in line with the broader market. The company reported excellent financial results for the third quarter of 2010.
This was primarily due to higher net subscriber addition and record-breaking operating income before depreciation and amortization. Management also raised the company's future financial outlook.
Supported by strong growth of subscriber and positive operating … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Shocking Video Evidence Of “Consumer Greed”

Posted: 29 Nov 2010 01:57 PM PST

 Exhibit A: 

And more examples of “consumer greed” here: Exhibit B, Exhibit C, Exhibit D, and Exhibit E.  

Next time you hear somebody talk about “corporate greed” or about how greedy corporations are only concerned with profits and their “bottom lines,” or that corporations “put profits before people,” etc. show them these shocking examples of money-grubbing, greedy consumers who seem only concerned about one thing: their household’s bottom line, and they are so … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Closing Bell Market Monitor: HPQ, SLE, FDX

Posted: 29 Nov 2010 01:41 PM PST

11/29/10 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

S&P Lowers Regions’ Rating

Posted: 29 Nov 2010 01:35 PM PST

Regions Financial Corp. (NYSE:RF) was downgraded by Standard & Poor’s Ratings Services (S&P) last week. The downgrade follows an annual review of the company's financial performance.
S&P cut its counterparty credit rating for Regions to BB+/B from BBB-/A-3, with a negative outlook. Additionally, its main subsidiary Regions Bank's rating was also lowered to BBB-/A-3 from BBB/A-2.
According to the rating agency, losses at Regions are expected to continue longer than the rating agency … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Avery Expands Indian Facility

Posted: 29 Nov 2010 01:35 PM PST

Avery Dennison Corporation (NYSE:AVY) has expanded its facility in Pune, India that produces pressure-sensitive materials for labeling and packaging. With this expansion, the company's investment in India has reached the $50 million mark.
The Pune facility, commissioned in 2008, is geared for producing technically advanced pressure-sensitive materials. This will mark Avery's third expansion in the plant since its start-up. The expansion will entail the addition of the widest and fastest … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Anadarko Finds Gas In Mozambique

Posted: 29 Nov 2010 01:05 PM PST

Oil and natural gas exploration and production company, Anadarko Petroleum Corporation (NYSE:APC), announced that it has made another discovery of natural gas in the Offshore Area 1 of Mozambique’s Rovuma Basin at the Lagosta prospect.
This is the third major discovery for Anadarko in this region. The discovery well encountered a total of more than 550 net feet of natural gas play in multiple high-quality Oligocene and Eocene sands.
Anadarko is working in a partnership with five other players in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Cepheid Stays Neutral

Posted: 29 Nov 2010 01:05 PM PST

We recently reiterated our Neutral recommendation on Cepheid (NASDAQ:CPHD).
Cepheid reported a loss per share of $0.02 during the third quarter of fiscal 2010, much lower than the loss of $0.07 in the year-ago period and the Zacks Consensus Estimate of $0.06.
Revenues increased 34.6% to $56.1 million, beating the Zacks Consensus estimate of $53.0 million driven by a 35% growth in product sales ($54.9 million) attributable to continued adoption of its GeneXpert System in the clinical market and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Sept. Travel Volume Sets New Record; Trucking Volume Shows Strong Gains In Sept. And Oct.

Posted: 29 Nov 2010 12:45 PM PST

The Federal Highway Administration reported recently that travel on all roads and streets in the U.S. increased by +1.5% in September compared to the same month last year. Total travel for the month of September was estimated at 247.8 billion vehicle miles, the highest travel volume ever for the month of September.  The September increase in traffic was the fourth consecutive monthly increase compared to the same month last year, and the sixth increase in the last seven months. 

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

Neutral On Gen-Probe

Posted: 29 Nov 2010 12:35 PM PST

We reiterate our Neutral recommendation on diagnostic products maker Gen-Probe (NASDAQ:GPRO) following its mixed third-quarter fiscal 2010 results. Earnings for the quarter topped the Zacks Consensus Estimate riding on top line growth.
Revenue growth (up 8% year over year) was supported by higher sales from the company's core clinical diagnostics (up 8%) and blood screening product (up 11%) businesses. However, sales trailed the Zacks Consensus Estimate. Based on the lower-than-expected third … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Scripps Looking For UKTV Stake

Posted: 29 Nov 2010 12:35 PM PST

According to a recent report by Sunday Times, chances are bright that Scripps Networks Interactive Inc. (NYSE:SNI) may take over up to 50 percent share of UKTV.  UKTV is a 50-50 partnership between Virgin Media Inc. (NASDAQ:VMED) and British Broadcasting Corp. The deal is expected to cost about $560 million and is likely to be announced by end 2010.
Virgin Media wants to sell its UKTV stake as part of a strategy of disposing non-core assets to concentrate on its cable business. The money raised … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Merck KGaA MS Drug Faces Glitch

Posted: 29 Nov 2010 12:35 PM PST

Merck KGaA (MKGAF) recently announced that the US Food and Drug Administration (FDA) extended the review period of cladribine by three months. The prescription drug user free act date, which was earlier set for November 28, 2010, has now been postponed to February 28, 2011. The regulatory body said that it needs more time to fully review the additional information provided by Merck KGaA on the candidate.
Merck KGaA is seeking approval for the use of cladribine for the treatment of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

POSCO Details Its Investment Plans

Posted: 29 Nov 2010 12:05 PM PST

Korean steel producer POSCO (NYSE:PKX) provided details of its investment plans in South Korea, announced earlier at a board meeting held on November 19. The company will invest approximately KRW1.6 trillion (roughly US$1.4 billion) to develop, construct and operate a hot-rolled steel coil production line at its Gwangyang steelworks.
The facility, Gwangyang's No.4 hot-rolling mill, will enable POSCO to enhance its production capacity in the country and also tap the rising demand for high quality … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Neutral On Regeneron

Posted: 29 Nov 2010 12:05 PM PST

We are maintaining our Neutral recommendation on Regeneron Pharmaceuticals Inc. (NASDAQ:REGN) with a target price of $30.00.
Regeneron, a biopharmaceutical company, focuses on the discovery, development, and commercialization of pharmaceutical products for the treatment of serious medical conditions. The company, founded in 1988, is based in Tarrytown, New York. Regeneron also operates a large-scale biologics pharmaceutical manufacturing facility in Rensselaer, New York and a satellite office in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Output And Profits Per Worker Are At Record Highs; Bad News: That Means A Jobless Recovery Ahead

Posted: 29 Nov 2010 11:56 AM PST

The chart above shows quarterly increases in worker productivity, using output per hour from the BLS for the nonfarm business sector.  The shaded areas highlight the one-year periods following the end of the last three recessions (1990-1991, 2001, and 2007-2009), and show the huge surges in productivity in the early stages of the subsequent expansions – as companies learn how to “do more with less.”  Notice that the productivity surge was greater following the 2001 recession than … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Value vs Glamor Stocks – Value Wins Hands Down

Posted: 29 Nov 2010 11:49 AM PST

The Brandes Institute (“Institute”), part of the fund manager Brandes Investment Partners, whom I greatly admire, in September 2009 updated their study on the performance of Glamour stocks vs Value stocks.

The study is titled: Value vs. Glamour Revisited – Historical P/B Ratio Disparities and Subsequent Value Stock Out-performance.

Where Glamour stocks are defined as stocks with high price to book ("P/B") values and Value stocks as having low price to book ratios.

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

Evergeen Solar Sunnier In England

Posted: 29 Nov 2010 11:35 AM PST

Massachusetts-based Evergreen Solar Inc.'s (NASDAQ:ESLR) fortunes look sunnier in England after a panel variant of the company, ES-A series qualified for the Microgeneration Certification Scheme (MCS) of the United Kingdom’s Department of Energy.
The certification is mandatory for solar panels to be used for the Renewables Cash-Back Scheme and therefore, vital for Evergreen Solar. The Renewables Cash-Back Scheme has been active in the UK since April 2010.
Per the scheme, homeowners and communities … [visit site to read more] or compare Best Credit Cards and Best CD Rates

GM Europe Curbs Funding Needs

Posted: 29 Nov 2010 11:35 AM PST

General Motors (NYSE:GM) has revealed that its European division can manage with lower funding than its previously forecasted €3.3 billion ($4.4 billion) for its restructuring program. The company’s projection was based on the better-than-expected performance of  its European wing and expected benefit from its possible alliances with other major automakers in the region.
Although GM Europe lost $1.2 billion in the first nine months of the year, the automaker is banking on higher sales … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Why Gold Is Not Rising On Bullish News

Posted: 29 Nov 2010 11:20 AM PST

When time permits, I like to relax with a good mystery story. One of my favorite masters of the genre is Sir Arthur Conan Doyle, creator of Sherlock Holmes. A few days ago a story appeared on the front page of China Daily that is worthy in emulating the masters great classic: The Dog That Did Not Bark.

He might have entitled today's story, "The Gold Trade That Did Not Rise." The photo reveals the Premier of China Wen Jiabao and Russia's Vladimir Putin exchanging firm … [visit site to read more] or compare Best Credit Cards and Best CD Rates

GGB Upgraded To Outperform

Posted: 29 Nov 2010 11:05 AM PST

We recently upgraded our recommendation on Brazilian steel producer Gerdau S.A. (NYSE:GGB) from Neutral to an Outperform rating. The company stands well positioned over the long run to leverage the favorable outlook for the global steel market.
Third Quarter Review
Gerdau posted weak third quarter results with a net income down 7% year over year and 28.9% sequentially to R$609.0 million (US$346.0 million). Earnings per share (EPS) were R$0.38 (US$0.22 per ADR), compared with R$0.39 (US$0.0.24 per … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Big Lots To Underperform

Posted: 29 Nov 2010 11:05 AM PST

We recently downgraded our recommendation on Big Lots Inc. (NYSE:BIG), a broad-line closeout retailer in the United States, to Underperform with a price target of $28.00. Earlier, we had a Neutral recommendation on the stock.
Big Lots, which operates in a highly competitive discount retail business,  faces stiff competition from Dollar General Corporation (DG) and Target Corporation (NYSE:TGT). This may result in loss of market share, fall in sales and operating margins. Competitors having … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Euro Touches Two Month Low Versus Dollar & Yen

Posted: 29 Nov 2010 10:45 AM PST

11/29/10 The euro currency has posted another drop this session following growing concerns that Ireland’s bailout package is just the first in a series to … [visit site to read more] or compare Best Credit Cards and Best CD Rates

DuPont Upgraded

Posted: 29 Nov 2010 10:35 AM PST

Credit rating agency Moody’s Investors Service, an arm of Moody’s Corp. (NYSE:MCO), has upgraded its outlook on E.I. Du Pont de Nemours & Co. (NYSE:DD) to “Stable” from “Negative”, reported Associated Press. The rating agency also affirmed its investment-grade A2 senior unsecured and Prime-1 commercial paper ratings. Moody's judges debt rated A as upper-medium grade, subject to low credit risk but susceptible to impairment over the long term.
Despite the slow US economic growth, the agency … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Ford Expands Dealership In China

Posted: 29 Nov 2010 10:35 AM PST

Ford Motor Co. (NYSE:F) has added 40 new dealerships in China as a part of its major expansion plan to strengthen its foothold in the fast-growing market. Further, the automaker plans to bring in 66 new dealerships by the end of the year, raising its total dealership to 340 in the country.
All the dealerships will be added in the tier-two and tier-three cities in China including Nanning, Shijazhuang, Harbin and Anyang, each with a population of over one million. As the tier one cities become … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Statoil Lands On Baffin Bay

Posted: 29 Nov 2010 10:05 AM PST

Norway-based oil major Statoil ASA (NYSE:STO) said that it has been awarded two large exploration blocks in the Baffin Baybid program in West Greenland. Other partners in this joint venture are Royal Dutch Shell (RDS.A) and GDF Suez.
Shell will enjoy the operatorship in these blocks (Blocks 5 & 8). But Greenland's national oil company, Nunaoil would have an interest during the exploration phase. While Block 5 covers an area of 9991 square kilometres, Block 8 comprises 10,618 square … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Celera Remains Neutral

Posted: 29 Nov 2010 10:05 AM PST

We recently reiterated our Neutral recommendation on Celera Corporation (NASDAQ:CRA).
Celera reported a net loss per share of $0.10 in the third quarter of fiscal 2010, compared to the year-ago quarter's loss of $0.09. Excluding one-time items, net loss was $0.07, missing the Zacks Consensus Estimate by $0.02. In the third quarter of 2009, the company reported an adjusted net loss of $0.3 million or break-even on a per share basis.
The company reported a huge 21.3% year-over-year decline in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Crude Rises, Trades Above $85

Posted: 29 Nov 2010 08:04 AM PST

11/29/10 Front month crude prices experienced quite the rise this session following news that Ireland accepted to receive an 85 billion euro rescue package from the … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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