DailyMarkets.com - Penn Virginia Adds Coal Reserves

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• Penn Virginia Adds Coal Reserves
• Novartis To Wrap Up Alcon Buy
• AAR Corp. Posts Upbeat Results
• AAR Corp. Posts Upbeat Results
• Germany Gets Varian’s IMPT
• Hot Stocks To Know For Thursday: General Electric, BP, JPMorgan, Visa, MasterCard, Alcoa, Transocean, Microsoft, Google
• Televisa Remains Neutral
• Is The Turning Point Upon Us?
• U.S. Crude Supplies Plunge
• FedEx Disappoints, Hurt By Charges
• Televisa Remains Neutral
• Crude Confusion
• Reaganomics Redux
• Accenture Signs Multi-year Deal
• Chevron OKs Pipeline Plan
• Carnival Splendor Delayed Further
• Joy Global Beats, Provides Guidance
• Immucor Upgraded To Neutral
• Continuing & Extended Claims Rise
• Quote Du Jour: Bond Market Is In Rebellion, Says Bill King
• The China Debate: Jim Rogers Vs Jim Chanos
• Students Should Be Free To Choose: The Case Against Required Foreign Language In College
• Dylan Grice: “Commodities For The Long Run? Not On Your Nellie – I’d Rather Eat Coal!!”
• Forex Trading: USDJPY Moves Toward Key Resistance (AGAIN)
• WikiRebels – The Documentary
• Stocks, Gold Headed Higher, Says Chart Guru
• Elizabeth Warren: Bonuses Show Big Banks Don’t Grasp Problem
• Opening Bell Market Monitor: FDX, RAD, BP
• Bonds Take Healthy Data On The Chin After A String Of Losses
• Morning News Notes: 12.16.10

Penn Virginia Adds Coal Reserves Posted: 16 Dec 2010 09:35 AM PST Penn Virginia Resource Partners L.P. (NYSE:PVR), through its subsidiary, Penn Virginia Operating Company LLC, has agreed to buy certain mineral rights and royalty interests in associated oil and gas properties in Kentucky and Tennessee from Begley Properties LLC. The company has agreed to pay roughly $97.25 million for the Kentucky and Tennessee assets.  As part of the agreement, Penn Virginia will acquire mineral rights in roughly 102 million tons of coal reserves and resources. The mineral … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Novartis To Wrap Up Alcon Buy Posted: 16 Dec 2010 09:25 AM PST Alcon Inc. (NYSE:ACL) recently announced that its board of directors has given the nod for its merger with Novartis AG (NYSE:NVS). Novartis plans to pay $168 per share to acquire the remaining 23% share of Alcon it does not already own. Per the terms of the agreement, the merger consideration will consist of Novartis shares and, if necessary, a cash contingent value amount, resulting in a total value of $168 per share. Alcon's board approved the merger following a favorable recommendation from the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

AAR Corp. Posts Upbeat Results Posted: 16 Dec 2010 09:05 AM PST AAR Corp. (NYSE:AIR) posted upbeat results for the second quarter of fiscal 2011 based on the huge leap in revenue from the Government and Defense Services attributable to the acquisition of Aviation Worldwide Services (AWS) in April 2010. Aviation Worldwide Services, a leading provider of expeditionary airlift services and aircraft modifications for the U.S.and other governments, was acquired from Xe Services LLC for $200 million. During the quarter, net income was $16.8 million or 42 cents per … [visit site to read more] or compare Best Credit Cards and Best CD Rates

AAR Corp. Posts Upbeat Results Posted: 16 Dec 2010 09:05 AM PST AAR Corp. (NYSE:AIR) posted upbeat results for the second quarter of fiscal 2011 based on the huge leap in revenue from the Government and Defense Services attributable to the acquisition of Aviation Worldwide Services (AWS) in April 2010. Aviation Worldwide Services, a leading provider of expeditionary airlift services and aircraft modifications for the U.S.and other governments, was acquired from Xe Services LLC for $200 million. During the quarter, net income was $16.8 million or 42 cents per … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Germany Gets Varian’s IMPT Posted: 16 Dec 2010 09:05 AM PST Varian Medical Systems (NYSE:VAR) recently announced that a leading cancer treatment center in Germany became the first hospital in the globe to offer clinical treatment utilizing intensity modulated proton therapy ("IMPT"), an accurate and quick method to provide proton therapy treatment. The treatment targets tumors while minimizing dosage to surrounding healthy tissue. The Rinecker Proton Therapy Center in Munich is now capable of delivering sophisticated IMPT treatment due to improvement … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Hot Stocks To Know For Thursday: General Electric, BP, JPMorgan, Visa, MasterCard, Alcoa, Transocean, Microsoft, Google Posted: 16 Dec 2010 08:50 AM PST Once again, equity markets seemed to be a side-show to movements in the Currency and Fixed Income markets Wednesday.  Treasuries continue to move lower i.e. meaning higher yields & I wonder for how much longer stocks can ignore this increase in borrowing costs (10yr @ 3.51%, 30yr @ 4.6%). US Macro figures were a touch better across the board (CPI 0.1% v 0.2% cons, Empire Manufacturing 10.57 v 5 cons, Industrial Production 0.4% v 0.3% cons) and the markets found a bid in the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Televisa Remains Neutral Posted: 16 Dec 2010 08:50 AM PST Our long-term recommendation for Grupo Televisa S.A. (NYSE:TV) is Neutral, which means the stock will perform in line with the broader market. Currently, it is a Zacks #3 (Hold) Rank stock. Televisa is a dominant force in the Mexican media business. The company is almost a monopoly with around 70% of the Mexican open television market. Televisa has decided to purchase a 35% stake in its U.S. rival Univision Communications for $1.2 billion. Per the agreement, the company will pay $130 million in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Is The Turning Point Upon Us? Posted: 16 Dec 2010 08:36 AM PST Today the CPI for November 2010 is released. The headline CPI increases by 1.1% over November 2009.  The core CPI increases by 0.8% over the same month in 2009. Both readings are well below the Federal Reserve's long term target inflation rate of 2%, reinforcing the Fed's worrying about deflation rather than inflation. Worry should Fed. QE2 has not shown its intended impacts of improving employment and lifting inflation in the US.  But China and a large part of emerging economies … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.S. Crude Supplies Plunge Posted: 16 Dec 2010 08:35 AM PST The U.S. Energy Department’s weekly inventory release showed a large drop in crude stockpiles – the biggest weekly decline in eight years – while gasoline supplies posted a smaller-than-expected build. The agency's report further added that distillate stocks climbed unexpectedly and refinery run-rates were virtually unchanged from the previous week. The Energy Information Administration ("EIA") Petroleum Status Report – that contains data for the previous week ending on Friday – … [visit site to read more] or compare Best Credit Cards and Best CD Rates

FedEx Disappoints, Hurt By Charges Posted: 16 Dec 2010 08:35 AM PST FedEx Corporation (NYSE:FDX) reported second quarter of fiscal 2011 financial results that fell below the Zacks Consensus Estimates. Quarterly adjusted EPS of $1.16 was below the Zacks Consensus Estimates of $1.31. Management cited higher fuel costs and the reinstatement of employee compensation and benefit expenditures as the primary reasons for the poor performance. Second quarter total revenue was $9,632 million. This was an improvement of 12% year over year, but well below the Zacks Consensus … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Televisa Remains Neutral Posted: 16 Dec 2010 08:35 AM PST Our long-term recommendation for Grupo Televisa S.A. (NYSE:TV) is Neutral, which means the stock will perform in line with the broader market. Currently, it is a Zacks #3 (Hold) Rank stock. Televisa is a dominant force in the Mexican media business. The company is almost a monopoly with around 70% of the Mexican open television market. Televisa has decided to purchase a 35% stake in its U.S. rival Univision Communications for $1.2 billion. Per the agreement, the company will pay $130 million in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Crude Confusion Posted: 16 Dec 2010 08:28 AM PST Today’s Idea Crude Oil supply and demand fundamentals remain lackluster due to the large stockpile of petroleum in the US. However, outside factors support the Oil market. It seems that traders want to be bullish on Crude, even when there is no good reason to be bullish. Technically, the chart indicates indecision and traders await a breakout from the tight range seen this month. Some traders may wish to consider buying a February Mini Crude Oil futures contract at 90.50 on a stop, with a … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Reaganomics Redux Posted: 16 Dec 2010 08:28 AM PST More than thirty years ago, Ronald Reagan came to Washington intent on reducing taxes on the wealthy and shrinking every aspect of government except defense. The new tax deal that's embodies the essence of Reaganomics. It will not stimulate the economy. A disproportionate share of the $858 billion deal will go to people in the top 1 percent who spend only a fraction of what they earn and save the rest. Their savings are sent around the world to wherever they will earn the highest return. The … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Accenture Signs Multi-year Deal Posted: 16 Dec 2010 08:26 AM PST Technology outsourcing and consulting major Accenture plc (NYSE:ACN) recently signed a multi-year technology services contract with global hospitality company Hilton Worldwide. Financial terms of the contract were not divulged. Hilton Worldwide owns and manages 3600 hotels in 82 countries. With Accenture's technology services, Hilton will be able to develop application programs for managing its properties. Moreover, Accenture will extend its services in support of Hilton's property management … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Chevron OKs Pipeline Plan Posted: 16 Dec 2010 08:26 AM PST The Caspian Pipeline Consortium ("CPC") – led by U.S. energy behemoth Chevron Corp. (CVX) – has approved a multibillion-dollar investment to double the capacity of the Caspian pipeline, which carries crude oil from Western Kazakhstan to a dedicated terminal in the Black Sea. The consortium plans to spend $5.4 billion to boost the 900 mile (1500 kilometer) pipeline's throughput to 1.4 million barrels per day from the current capacity of 730,000 barrels per day. Apart from Chevron, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Carnival Splendor Delayed Further Posted: 16 Dec 2010 08:26 AM PST Carnival Corporation (NYSE:CCL), the largest cruise operator in the world, experienced a setback last month as a fire broke out in the engine room of the Carnival Splendor off the coast of Mexico. Though nobody was injured, the ship had to be towed back to port. The Splendor was scheduled to resume services on January 16, 2011, but Carnival has postponed this to February 20, as the repair work is not yet complete. Carnival said the ship needs time to be fixed as it was badly damaged by the fire. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Joy Global Beats, Provides Guidance Posted: 16 Dec 2010 08:26 AM PST Joy Global Incorporation (NASDAQ:JOYG) reported adjusted earnings of $1.39 per share in the fourth quarter of fiscal 2010, compared with $1.20 per share in the fourth quarter of fiscal 2009. The results were 23 cents higher than the Zacks Consensus expectation of $1.16 for the quarter. The fiscal 2010 adjusted earnings of Joy Global were $4.40 per share, compared with $4.41 in fiscal 2009. The results of the company were 24 cents higher than the Zacks Consensus expectation of $4.16 for the fiscal … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Immucor Upgraded To Neutral Posted: 16 Dec 2010 08:26 AM PST Recently, we upgraded Immucor (NASDAQ:BLUD) to Neutral with a target price of $21.00. Immucor had begun fiscal 2011 on a disappointing note amidst lower demand for both reagents and instruments on the back of economic uncertainty. Tighter hospital budgets and uncertainty in the healthcare market have affected orders and delayed decision-making. Consequently, the company is projecting a 3%-4% decline in industry volume during 2011 (following a 3.5% decline in fiscal 2010) driven by lower number of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Continuing & Extended Claims Rise Posted: 16 Dec 2010 08:25 AM PST Initial Claims for Unemployment Insurance fell by 3,000 last week to 420,000 (last week was also revised up by 2,000, so one could see it as a 1,000 decline). This was better than the expected level of 425,000. The recent trend in claims has been downward, but the path has been erratic. It still looks like we might finally have gotten out of the "trading range" that initial claims have been in for the last year. Initial claims have been generally trending down since they hit a secondary … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Quote Du Jour: Bond Market Is In Rebellion, Says Bill King Posted: 16 Dec 2010 07:42 AM PST Bill King, Chicago-based author of insightful The King Report, said the following about the sell-off in the government bond market: "With bonds in collapse, a choir of know-nothings and know-littles are braying that the reason for the bond carnage is belief that the economy is improving. The concept of bonds acting inverse to the economy has been thoroughly debunked. In the eighties bonds rallied sharply while the economy staged magnificent growth. In the nineties bonds continued to rally as … [visit site to read more] or compare Best Credit Cards and Best CD Rates

The China Debate: Jim Rogers Vs Jim Chanos Posted: 16 Dec 2010 07:39 AM PST Jim Chanos, founder and president of Kynikos Associates, is shorting China saying the nation's economy is on the treadmill to hell. However, legendary contrarian investor Jim Rogers disagrees and is wondering whether Chanos will survive his losses after having been short (and wrong) for 18 months. (For those who missed the interview with Chanos a view days ago, please click … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Students Should Be Free To Choose: The Case Against Required Foreign Language In College Posted: 16 Dec 2010 07:39 AM PST “According to a recent article in the New York Times, liberal arts colleges are dropping their foreign language requirement because of budget cuts. Recession or not, that’s good news. All that French, Spanish and German makes it harder for liberal arts students to study science, business and economics. All of which would be a lot more useful than learning to parse verbs in a language they have no intention of speaking once they leave college. Don’t get me wrong. I’m all for the study of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Dylan Grice: “Commodities For The Long Run? Not On Your Nellie – I’d Rather Eat Coal!!” Posted: 16 Dec 2010 07:36 AM PST I have often in the past quoted Albert Edwards of Société Générale, but Dylan Grice, his colleague on the SocGen Cross Asset Research Team, is equally sharp (and entertaining). Below are a few food-for-thought paragraphs and a chart from his latest report – on a flavor-of-the-month topic, commodities "With scarcity developing in key parts of the commodities complex – energy, industrial metals and agriculture – there are many good reasons to want exposure to commodity markets. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: USDJPY Moves Toward Key Resistance (AGAIN) Posted: 16 Dec 2010 07:32 AM PST … [visit site to read more] or compare Best Credit Cards and Best CD Rates

WikiRebels – The Documentary Posted: 16 Dec 2010 07:31 AM PST From the summer of 2010 until now, Swedish Television has been following the secretive media network WikiLeaks and its enigmatic Editor-in-Chief Julian Assange. Reporters Jesper Huor and Bosse Lindquist have traveled to key countries where WikiLeaks operates, interviewing top members, such as Assange. Where is the secretive organization heading? Stronger than ever, or broken by the U.S.? Who is Assange: champion of freedom, spy or rapist? What are his objectives? What are the consequences for … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stocks, Gold Headed Higher, Says Chart Guru Posted: 16 Dec 2010 07:30 AM PST The price of gold and Western stock markets are likely to see strong gains in the new year, but the recent selloff in long-dated government bonds could be stalled by the Federal Reserve, Robin Griffiths, technical strategist at Cazenove Capital, told … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Elizabeth Warren: Bonuses Show Big Banks Don’t Grasp Problem Posted: 16 Dec 2010 07:27 AM PST Elizabeth Warren, the White House advisor in charge of setting up a consumer financial protection bureau, discusses big bank profits and Wall Street bonuses with … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Opening Bell Market Monitor: FDX, RAD, BP Posted: 16 Dec 2010 07:20 AM PST 12/16/10 The latest in news, commentary, and information on what’s moving the US equities … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bonds Take Healthy Data On The Chin After A String Of Losses Posted: 16 Dec 2010 07:14 AM PST Bond investors are having a tough-time towards the end of the year, facing firmer economic data points and continued sovereign woes across Europe. Spain failed to find enough buyers at an auction today causing yields to rise. Yesterday buyers were disclosed the potential from Moody’s of a possible downgrade although the ratings agency stopped short of predicting the need for a bailout. Germany continues to strengthen and its yields are on the rise again forcing bonds issued by surrounding … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Morning News Notes: 12.16.10 Posted: 16 Dec 2010 07:08 AM PST The morning news notes as prepared by TL…housing starts, initial jobless claims, White House review of Obama’s Afghan war strategy, European sovereign debt spreads, BAC and new Basel rules published. “Morning News Notes: December 16, 2010″ click … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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