DailyMarkets.com - Regional Banks Plan TARP Repayment

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• Regional Banks Plan TARP Repayment
• Canadian Solar Teams With SkyPower
• PPI Hotter Than Expected
• Hot Option Plays: Inflation Back On Radar Screen
• Crude Oil Fluctuates On Dollar Movement
• “Retail Sales…show That Consumers Are Spending”
• Owens-Illinois Expands In China
• Dollar Pares Losses After Data
• Regal Beloit Acquires From AOS
• Grainger’s November Sales Up 14%
• S&P Upgrades Ratings On ACE (revised)
• Bulls Covet Comcast Corp. Calls As Shares Hit New 52-week High
• Earnings Preview: AAR Corp.
• Initiating On ELMD. IPO Facilitating Revenue Growth.
• Risk, Reward Balanced At AOB
• Novartis Presents Positive Data
• Retail Sales On The Rise
• California Pizza Expands In Dubai
• Forex Trading: EURUSD Back Above Support At 1.3370
• The Tax Deal
• S&P Upgraded Outlook On Loews
• Bayer Inks Deal
• Australian Dollar: Bullish Bias Above 9825
• Canadian Dollar: Rebound In Sight
• Land Down Under Lifts Sugar
• Best Buy Misses, Lowers Outlook
• ISPH’s Eye Drug Hits Japan
• Occidental Sells $2.6 Billion Notes
• HCP Acquires Assets
• Pressure BioSciences (PBIO) Enters New Market With New Products Offering
• Comcast Innovates New Set-top Box
• Forex Trading: USDCAD Looks To Test Trendline Support
• Will Tax Cuts Shape Changing View At The FOMC?
• Opening Bell Market Monitor: BBY, GE, HCP
• Stock Investor Sentiment: A Day Late
• Morning News Notes: 12.14.10
• Ebiquity Set To Beat Interim Forecasts After Speedy Acquisition Integration

Regional Banks Plan TARP Repayment Posted: 14 Dec 2010 12:05 PM PST Regional banks are gearing up to repay the bailout money received under the U.S. Government's Troubled Asset Relief Program (TARP). Yesterday, two regional U.S. banks – Huntington Bancshares Inc. (NASDAQ:HBAN) and First Horizon National Corp. (NYSE:FHN) announced their capital raise plans in this context. It comes roughly after a year when biggies such as Bank of America Corp (NYSE:BAC) and Citigroup Inc. (NYSE:C) went for capital raises through stock offering to repay the TARP loan. Columbus-based … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Canadian Solar Teams With SkyPower Posted: 14 Dec 2010 12:05 PM PST Canadian Solar Inc.(NASDAQ:CSIQ) is teaming up with SkyPower Limited, for constructing two solar parks with a nameplate capacity of 18.5 megawatts (MW) in Ontario, Canada. Financing for the projects will come from Deutsche Bank AG (NYSE:DB). The first project is a 10.5 MW solar park in Napanee while the second project is an 8.5 MW solar park located in Thunder Bay. Canadian Solar expects to finish work on the projects by mid-2011. SkyPower Limited is one of Canada’s largest owners and developers of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

PPI Hotter Than Expected Posted: 14 Dec 2010 12:05 PM PST The Producer Price Index (PPI) for finished goods rose at a much higher than expected rate of 0.8% in November on a headline basis. The consensus had been looking for a 0.5% increase. This was due to higher food, and especially energy prices. Stripping out the volatile food and energy prices, the core PPI rose 0.3%, just slightly above expectations of a 0.2% increase. That came on the heels of a 0.6% drop in core prices in October. In September, headline prices also rose 0.4%. Core inflation … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Hot Option Plays: Inflation Back On Radar Screen Posted: 14 Dec 2010 11:18 AM PST Cusick's Corner Commodities are flying, bonds are pulling back and the FOMC has not yet released their statement. The catalysts for this equity and commodity run up are bonds and inflation. Inflation is back on the radar screen as we watch bond prices continue to fall, follow the rate that money is being printed and wait for the FOMC. This means that market participants are feeling like the economy is on a better track, dare I say growing, which would be a potential explanation for a full on … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Crude Oil Fluctuates On Dollar Movement Posted: 14 Dec 2010 11:01 AM PST 12/14/10 Crude oil futures tracked the price action of the US dollar. The latest US economic data boosted sentiment, with the dollar paring earlier session … [visit site to read more] or compare Best Credit Cards and Best CD Rates

“Retail Sales…show That Consumers Are Spending” Posted: 14 Dec 2010 05:44 AM PST 12/14/10 DME Securities’ Alan Valdes weighs in on US retail sales data, and discusses expectations for the upcoming … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Owens-Illinois Expands In China Posted: 14 Dec 2010 10:35 AM PST Owens-Illinois Inc. (NYSE:OI) has entered into an agreement to acquire the glass container manufacturing business of Hebei Rixin Glass Group Co. Ltd. in northern China, which includes two plants. This deal, on closing, will more than double Owens-Illinois' capacity in China, catapulting it to the second position in the country among the glass container manufacturers.  The newly acquired plants located in the fast-growing Beijing/Tianjin region of China’s Hebei province, can produce 270,000 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Dollar Pares Losses After Data Posted: 14 Dec 2010 10:19 AM PST 12/14/10 The US dollar pared earlier weakness, to trade higher after better-than-expected economic data. November retail sales rose 0.8%, with prior month figures upwardly … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Regal Beloit Acquires From AOS Posted: 14 Dec 2010 10:05 AM PST Regal Beloit Corporation (NYSE:RBC) recently announced that it will acquire 100% of the stock and assets of Electrical Products Company (“EPC”) from A.O. Smith Corporation (NYSE:AOS) for approximately $875 million. The total consideration for the acquisition comprises $700 million of cash and approximately $175 million in shares of Regal Beloit common stock. This is the seventh acquisition for Regal Beloit. The company expects the acquisition to add approximately $700 million to the top line and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Grainger’s November Sales Up 14% Posted: 14 Dec 2010 10:05 AM PST W.W. Grainger Inc. (NYSE:GWW) reported November sales growth of 14% year over year. Monthly sales have gradually dropped from the high figures of July, August and September that saw sales climbing 21%, 20% and 18%, respectively. However, growth in November was a tad above the 11% growth in October, which was the lowest point thus far in fiscal 2010. November had 21 selling days in 2010 compared with 20 days in 2009. December 2010 will have 21 selling days, one less than in December 2009. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

S&P Upgrades Ratings On ACE (revised) Posted: 14 Dec 2010 10:05 AM PST The financial strength and counterparty credit ratings of ACE Limited's (NYSE:ACE) core operating insurance companies have been upgraded to "AA-" (Very Strong) by Standard & Poor’s Ratings Services (S&P). The outlook remains stable. The operating companies include those of core North America, Europe and Bermuda. The rating upgrade by the agency is based on the company's continued strong operating performance, solid competitive position, positive management and corporate strategy, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bulls Covet Comcast Corp. Calls As Shares Hit New 52-week High Posted: 14 Dec 2010 10:03 AM PST Bulls covet Comcast Corp. calls as shares hit new 52-week high Today’s tickers: CMCSA, CSX, WHR & TSN Comcast Corp. (NASDAQ:CMCSA) – Bullish traders are piling into call options on Comcast Corp. today after the cable provider received an upgrade to ‘outperform’ from ‘market perform’ with a 12-month target share price of $26.00 at Sanford Bernstein. Shares in Comcast Corp. surged 5.05% to secure an intraday- and new 52-week high of $22.40. Optimism on the cable services company also follows a … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Earnings Preview: AAR Corp. Posted: 14 Dec 2010 09:35 AM PST AAR Corp. (NYSE:AIR) is slated to release its second quarter of fiscal 2011 results on December 15. The current Zacks Consensus Estimate for the second quarter earnings per share is 36 cents, 2 cents above the year-ago quarter and a penny above the previous quarter. First Quarter Highlights AAR Corp. posted upbeat results for the first 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 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Initiating On ELMD. IPO Facilitating Revenue Growth. Posted: 14 Dec 2010 09:35 AM PST Brian Marckx, CFA    OUTLOOK The $6 million raised from the August IPO has allowed Electromed ( ELMD ) to accelerate its growth trajectory through increasing the size of its sales force and supplemental advertising and marketing.  We expect revenue in the near term to benefit from adding headcount at a regular pace over at least the next 12 to 18 months.  Near term revenue growth is most likely to largely come from deeper penetration of HFCWO therapy into already … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Risk, Reward Balanced At AOB Posted: 14 Dec 2010 09:35 AM PST We are maintaining our 'Neutral' recommendation on American Oriental Bioengineering Inc. (NYSE:AOB) with a target price of $2.25. American Oriental Bioengineering, based in Beijing, China, together with its wholly owned subsidiaries, is a pharmaceutical company which develops, manufactures and commercializes both plant-based pharmaceutical (PBP) and plant-based nutraceutical (PBN) products. American Oriental Bioengineering recently reported third quarter 2010 earnings per share of $0.07, which … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Novartis Presents Positive Data Posted: 14 Dec 2010 09:05 AM PST Recently, Novartis AG (NYSE:NVS) presented data from a phase II study of its drug Afinitor at the annual Antonio Breast Cancer Symposium. The study was testing Afinitor plus hormonal therapy tamoxifen in patients with advanced metastatic breast cancer who have been previously treated with an aromatase inhibitor (AI). The data showed that the combination treatment delays disease progression compared to tamoxifen alone. Almost 61% of patients on the combination treatment had no tumor progression at … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Retail Sales On The Rise Posted: 14 Dec 2010 09:05 AM PST Retail Sales were better than expected in November, and the numbers for October were revised sharply higher. Total retail sales rose 0.8%, much better than the 0.5% consensus expectation, and are up 7.7% from a year ago. October was revised up from 1.2% growth to 1.7% growth, which makes the overall level of retail sales much better than the consensus was expecting (up 0.5%). The Retail Sales report covers far more than just the shopping malls, and is a very broad-based measure of consumer … [visit site to read more] or compare Best Credit Cards and Best CD Rates

California Pizza Expands In Dubai Posted: 14 Dec 2010 09:05 AM PST Los Angeles based California Pizza Kitchen Inc. (NASDAQ:CPKI), which currently owns and operates 211 company-owned restaurants and 58  franchised restaurants, announced the opening of a restaurant in Dubai, United Arab Emirates. This is the third California Pizza Kitchen restaurant in Dubai, which was opened with franchise partner Gourmet Gulf Company. The full-service restaurant was opened in the first floor of the Mall of the Emirates, a shopping mall in the Al Barsha district of Dubai. The … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: EURUSD Back Above Support At 1.3370 Posted: 14 Dec 2010 08:59 AM PST … [visit site to read more] or compare Best Credit Cards and Best CD Rates

The Tax Deal Posted: 14 Dec 2010 08:47 AM PST The tax deal is a big positive breakthrough. It could have been better, but it was better than I ever expected. We shouldn't expect too much boost from it, however, because taxes weren't lowered. We just avoided the calamity of a large tax increase at a very bad time. We dodged a bullet. The Payroll Tax Cut The deal suffers somewhat from a confusion of goals. Presumably, the number one priority was supposed to be jobs, jobs, jobs. The two percent reduction in the payroll tax for employees … [visit site to read more] or compare Best Credit Cards and Best CD Rates

S&P Upgraded Outlook On Loews Posted: 14 Dec 2010 08:35 AM PST Standard & Poor’s Ratings Services (S&P) upgraded the outlook on Loews Corporation (NYSE:L) to “positive” from “stable”. The rating agency also affirmed the investment-grade counterparty credit rating of "A". Based on Loews' strength of cash flows coupled with solid earnings to service debt as well as meet financial obligations, the rating agency raised the outlook. Loews' third quarter operating earnings were way ahead of the Zacks Consensus Estimate.  However, results fell … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bayer Inks Deal Posted: 14 Dec 2010 08:35 AM PST Recently, the Crop Science segment of Bayer (BAYRY) inked a five-year deal with the privately held biotechnology company Evogene Ltd. to improve wheat seeds. The deal will focus on improvements regarding wheat yield, tolerance against drought, efficiencies pertaining to the use of fertilizers in addition to utilizing advanced methods for breeding and genetic modification. Under the terms of the deal, Evogene is eligible to receive approximately $20 million from Bayer as upfront payment and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Australian Dollar: Bullish Bias Above 9825 Posted: 14 Dec 2010 08:30 AM PST Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Canadian Dollar: Rebound In Sight Posted: 14 Dec 2010 08:30 AM PST Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Land Down Under Lifts Sugar Posted: 14 Dec 2010 08:29 AM PST Today’s Idea Sugar market fundamentals remain extremely strong. Just when the market seems to find buying pressure subsiding, fresh news breaks and adds to the market’s already strong fundamentals. For this reason, some traders may be looking to take on a bullish position in the Sugar market. The volatility of the futures market may be a bit much for many traders to stomach, however, and also, option premiums remain high. For these reasons, one could argue that a credit strategy may be what … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Best Buy Misses, Lowers Outlook Posted: 14 Dec 2010 08:27 AM PST Best Buy Company, Inc. (NYSE:BBY) posted lower-than-expected third-quarter 2011 results and lowered its full year outlook, sending shares down $6.05 or 14.5% to $35.65 in pre-market trading. The quarterly earnings of 54 cents a share missed the Zacks Consensus Estimate of 60 cents, but rose marginally by 1.9% from 53 cents delivered in the prior-year quarter, due to tight cost control. The Zacks Consensus Estimate had remained stable prior to the earnings announcement, despite 2 out of 26 analysts … [visit site to read more] or compare Best Credit Cards and Best CD Rates

ISPH’s Eye Drug Hits Japan Posted: 14 Dec 2010 08:26 AM PST Recently, Inspire Pharmaceuticals Inc.'s (NASDAQ:ISPH) ophthalmic portfolio was boosted by the launch of Diquas (diquafosol tetrasodium), a therapy for patients with dry eyes, in Japan. The drug, a 3% ophthalmic solution,  received pricing approval in Japan and was subsequently launched by partner, Santen Pharmaceutical Co. Ltd, a Japan-based pharmaceutical company. Dry eye refers to a chronic disorder accompanied by symptoms such as ocular discomfort and vision related disorders. Inspire … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Occidental Sells $2.6 Billion Notes Posted: 14 Dec 2010 08:26 AM PST Oil and gas production company Occidental Petroleum Corporation (NYSE:OXY) sold $2.6 billion notes in three tranches. The issue was rated A2 by Moody’s Investors Service and A by Standard & Poor’s. One offering comprised $600 million of 1.45% senior notes due December 13, 2013, at an offer price of $99.881 (per $100.00 principal) to yield 1.491%. The second offering was of $700 million of 2.50% senior notes due February 1, 2016, at an offer price of $99.94 (per $100.00 principal) to yield … [visit site to read more] or compare Best Credit Cards and Best CD Rates

HCP Acquires Assets Posted: 14 Dec 2010 08:26 AM PST HCP Inc. (NYSE:HCP), the largest medical real estate investment trust (REIT) in the U.S., has recently acquired the real estate assets of HCR ManorCare Inc., a leading privately owned provider of skilled nursing facilities, for $6.1 billion. Spanning across 30 states, the properties are primarily concentrated in Ohio, Pennsylvania, Florida, Illinois and Michigan. The transaction is expected to be completed by the first quarter of 2011. With the deal, HCP will gain ownership interests in 338 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Pressure BioSciences (PBIO) Enters New Market With New Products Offering Posted: 14 Dec 2010 08:26 AM PST Grant Zeng, CFA   On December 13, 2010, Pressure BioSciences, Inc. (NASDAQ:PBIO) announced the availability of three novel products targeted primarily for the drug discovery and development market. The new products were released at the 50thAnnual Meeting of the American Society for Cell Biology (ASCB) in Philadelphia, which began on Sunday December 12, 2010. Approximately 10,000 biologists from academia, government, the biotechnology industry, and pharmaceutical companies are expected to … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Comcast Innovates New Set-top Box Posted: 14 Dec 2010 08:26 AM PST Very recently, the Wall Street Journal reported that Comcast Corp. (NASDAQ:CMCSA) is on the verge on introducing an innovative service combining both basic cable TV services and the Internet, through a new set-top box. The new service will be called "Spectrum" and will enable its subscribers to browse for live, recorded, and on-demand online video on their TV sets using the set-top box. Comcast is conducting a trial run of this service in Augusta, Georgia and is expected to start nationwide … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: USDCAD Looks To Test Trendline Support Posted: 14 Dec 2010 08:22 AM PST Leading indicator were weaker than expectations today. Oil is down. Yesterday the government warned that household debt was higher than the US household debt. This may lead to lower spending going forward. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Will Tax Cuts Shape Changing View At The FOMC? Posted: 14 Dec 2010 08:16 AM PST Fixed income prices are once again on the decline after more proof that U.S. consumers are doing their part to aid the blossoming recovery. Bond prices reversed from a positive earlier start with the 10-year yield surrendering eight basis points from Monday’s rally. In Europe bond markets reversed direction in sympathy with the North American action ahead of the Fed’s afternoon meeting. Eurodollar futures – Stubbornly high unemployment is less of a focus when consumers are drawn to the malls in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Opening Bell Market Monitor: BBY, GE, HCP Posted: 14 Dec 2010 07:55 AM PST 12/14/10 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

Stock Investor Sentiment: A Day Late Posted: 14 Dec 2010 07:36 AM PST I am a day late getting the investor sentiment charts out this week.  Regardless and as expected, the “dumb money” shows lots of bulls while company insiders continue to sell at a very strong clip.  Investors don’t seem too concerned – it is the end of the year and the Fed has back stopped the market.  My take, which is NOT the consensus opinion, is that complacency is prevalent, and this in and of itself represents a significant headwind.  The “Dumb Money” indicator (see … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Morning News Notes: 12.14.10 Posted: 14 Dec 2010 06:58 AM PST The morning news notes as prepared by TL…small business optimism rises,  retail sales rise, Munis, tax cut package clears procedural hurdle in Congress, Roubini Global Economics on global growth in 2011, judge rules against federal health care mandate, air traffic projections, and CEO summit at the White House. “Morning News Notes: December 14, 2010″ click … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Ebiquity Set To Beat Interim Forecasts After Speedy Acquisition Integration Posted: 14 Dec 2010 02:56 AM PST Media and marketing analytics group Ebiquity (LON:EBQ) saw its shares gain 2% in trading this morning on news that it was enjoying earlier than expected benefits from its recent acquisition of Xtreme Information Services Ltd. Ebiquity, which advises its clients on how much bang for their buck they get from advertising and marketing spend, snapped up advertising monitoring business Xtreme in April in a move to broaden its international presence. Today the company said it was seeing synergies … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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