Tuesday, December 14, 2010

DailyMarkets.com - Stock Picks For Wednesday: Universal Travel Group, Energy Conversion Devices, Juniper Networks, Popular

DailyMarkets.com - Stock Picks For Wednesday: Universal Travel Group, Energy Conversion Devices, Juniper Networks, Popular

Stock Picks For Wednesday: Universal Travel Group, Energy Conversion Devices, Juniper Networks, Popular

Posted: 14 Dec 2010 05:08 PM PST

( click to enlarge )
There many ways to see if the stock is worth buying and one of them is to see if the insiders are buying the stock. Because, this means either the executives are optimistic about the company or they are commited to make the company even better. One stock which fits into this category is Universal Travel Group (UTA). On Thursday, December 9, the company announced that Xie Jing, CFO of Universal Travel Group Common bought 39,850 shares and the reaction in the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Akamai Wins Diesel Deal

Posted: 14 Dec 2010 04:05 PM PST

A global provider of distributed e-business infrastructure services and solutions, Akamai Technologies Inc. (NASDAQ:AKAM) announced that its Dynamic Site Accelerator and Media Delivery solutions has been selected by Diesel, the international lifestyle brand.
Akamai's solution will help Diesel accelerate and provide the contents of its newly launched website to customers globally and enable users with a superior online shopping experience.
The Dynamic Site Accelerator provides global delivery, load … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Goodrich Gets Arabian Contract

Posted: 14 Dec 2010 04:05 PM PST

Goodrich Corporation(NYSE:GR) has been selected by Air Arabia for support of nacelles and thrust reversers for the airline’s fleet of more than 50 Airbus A320 aircraft powered by CFM56-5B engines. The 10 year contract will be managed by Goodrich’s Dubai facility in the United Arab Emirates (UAE). Air Arabia is a low-cost carrier based in Sharjah, UAE.
Goodrich manufactures complete landing gear systems for commercial, general aviation and defense aircraft. However, the company has to compete with … [visit site to read more] or compare Best Credit Cards and Best CD Rates

The Day Ahead: US CPI, Industrial Production, NY Empire State Manufacturing, TIC Data

Posted: 14 Dec 2010 04:00 PM PST

12/15/10 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

Edwards Lifesciences Sees Growth

Posted: 14 Dec 2010 03:35 PM PST

Edwards Lifesciences Corporation (NYSE:EW) expects to witness double-digit sales growth in 2011. This was announced during the company's recently held investor conference. The company is a leading player in heart valve therapy. Its growth prospects are tied to the US launch of Sapien transcatheter heart valves (THV). It is encouraging to note that Edwards expects $300-$340 million of THV sales in 2011, way above the $200 million of sales projected for 2010.
Edwards expects to launch Sapien THV … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Rating Action On Delphi

Posted: 14 Dec 2010 03:35 PM PST

Yesterday, Delphi Financial Group Inc., (NYSE:DFG) and its primary life and health insurance units, Reliance Standard Life Insurance Co. and First Reliance Standard Life Insurance Co. both received an affirmation of "A" for financial strength rating (FSR) and "a" for issuer credit ratings (ICR) from the rating agency A.M. Best.
It also affirmed all debt ratings of Delphi Financial and Reliance Standard Life Global Funding. The outlook on all ratings has been upgraded to stable from last … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Hot Option Plays: Negative Reaction To Fed Announcement

Posted: 14 Dec 2010 03:18 PM PST

Cusick's Corner
The market finished the day unchanged after a negative reaction to the Fed announcement. For technicians and market watchers, the current picture looks a little toppy and the expectation that this positive trend will continue is getting a little extreme. There has not been that "aha" moment weighing in on this bullish sentiment to really start to tip the scales. Small Caps, IWM, did not bounce back and this was a little concerning since these higher beta stocks need to be … [visit site to read more] or compare Best Credit Cards and Best CD Rates

CME Raises $1B Credit For Back-Up

Posted: 14 Dec 2010 03:05 PM PST

Yesterday, CME Group Inc. (NASDAQ:CME) reported through a regulatory filing that it has entered into a credit revolving facility worth $1.0 billion in order to support its clearing house operations, which is on an expansion mode. The loan carries an interest rate of 1.25% above the federal rate for overnight loans, which floats in the range of zero to 0.25% since December 2008.
CME is the largest global derivatives exchange and is also risk prone to transactional defaults and unseen liabilities. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Murphy Oil Expands In S.E. Asia

Posted: 14 Dec 2010 03:05 PM PST

Oil and gas company Murphy Oil Corporation (NYSE:MUR) expanded its footprint in Southeastern Asia through a production sharing agreement in Brunei Darussalam. Murphy’s wholly owned subsidiary, Canam Brunei Oil Ltd., has entered into an agreement with Brunei National Petroleum Company Sendirian Berhad (PetroleumBRUNEI) for interests in offshore Block CA-2.
Through this production sharing agreement Murphy will have 30% working interest in Block CA-2 offshore Brunei. The company already has a 5% … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Mindray, IMDsoft Join Forces

Posted: 14 Dec 2010 03:05 PM PST

Leading Chinese medical devices maker Mindray Medical International Limited (NYSE:MR) has inked a distribution pact with Massachusetts-based leading clinical information systems provider iMDsoft. Under the pact, Mindray will be the exclusive distributor of iMDsoft's MetaVision clinical information systems in China. Moreover, the company will market MetaVision Suite solutions in 10 countries across Europe, Africa and Asia.
The partnership is a strategic fit for Mindray enabling it to offer a … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Retail Sales Boost GDP Forecasts: 4.3% In QIV?

Posted: 14 Dec 2010 02:49 PM PST

From today’s WSJ: “Many economists are responding to today's merry news on consumer spending by increasing their overall economic growth forecasts.

Morgan Stanley increased its forecast for fourth quarter growth to 4.3% from 4.2%.

J.P. Morgan, Credit Suisse, Royal Bank of Scotland and Barclays Capital each boosted their fourth-quarter projections a full percentage point on the retail data.

Some economists are even more optimistic. John Ryding and Conrad DeQuadros of RDQ Economics project … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Medco To Acquire Consulting Firm

Posted: 14 Dec 2010 02:35 PM PST

Recently, Medco Health Solution (NYSE:MHS), through its subsidiary, United BioSource Corporation decided to acquire London-based Total Healthcare Group (THG), a consultancy firm catering to clients in the biopharmaceutical industry. Terms of the deal were not disclosed. The combined company will be led by Total Healthcare's Robert Hollamby, who has been appointed senior vice president at United BioSource.
Earlier, in August, Medco had acquired United BioSource for $730 million. Excluding … [visit site to read more] or compare Best Credit Cards and Best CD Rates

McDermott To Construct GoM Platform

Posted: 14 Dec 2010 02:35 PM PST

Energy-focused engineering and construction firm McDermott International (MDR) announced that one of its units has received a subsea infrastructure contract from Norway's Arena Offshore LP. The transaction, whose value was not disclosed, calls for McDermott to build and install a platform for Arena’s 'Riker' prospect in 275 feet of water on Eugene Island Block 338 in the Gulf of Mexico (“GoM”).
The contract, which will be supported by McDermott's Morgan City fabrication facility, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Lilly Study Stopped On Safety Concerns

Posted: 14 Dec 2010 02:05 PM PST

Eli Lilly (NYSE:LLY) recently suspended a phase III study that was being conducted with its oncology candidate, tasisulam. The study has been put on "full clinical hold" due to safety concerns.
Tasisulam was being evaluated for the second-line treatment of patients suffering from unresectable or metastatic melanoma. Melanoma is the deadliest form of skin cancer and is estimated to affect more than 68,000 people in the US annually. Eli Lilly was granted orphan drug status for stage IIb-IV … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Hormel Announces Stock-Split

Posted: 14 Dec 2010 02:05 PM PST

Hormel Foods Corporation (NYSE:HRL) authorized a one-for-two stock split. Shareholders of record as of January 31, 2011, will receive two common shares for each common share they currently own. The common shares after the split will confer equal rights and benefits, including dividends, capital interest and future capital remuneration compared to the other common shares issued by Hormel.
The approval of the above will be confirmed on January 31, 2011, at the annual general meeting. Stock-split … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Standard Operating Procedure

Posted: 14 Dec 2010 01:49 PM PST

One argument I made in “Not Just Me” and “Simply Deluding Themselves” is that the record corporate profits bulls are fixated on and salivating over stem from companies freezing or slashing spending (e.g., R&D) that is essential for creating sustainable growth (and a demand for permanent full-time workers).
In other words, corporate America has been focusing on the short-term at the expense of the long-term.
As it happens, a post, “Our Aging Capital Stock,” at the blog of the former chief … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Varian TrueBeam Expands Footprint

Posted: 14 Dec 2010 01:35 PM PST

Leading integrated radiotherapy systems maker Varian Medical (NYSE:VAR) has achieved an important clinical milestone as its TrueBeam therapy system successfully treated more than 30 patients at a leading cancer center in Switzerland.   
Doctors used the novel treatment procedure to treat cancer patients at the Kantonsspital Winterthur in northern Switzerland, a public hospital serving 400,000 patients. It became the second hospital in the country (after the Zurich University Hospital) to … [visit site to read more] or compare Best Credit Cards and Best CD Rates

O’Charley’s Shuts Down Restaurants

Posted: 14 Dec 2010 01:35 PM PST

Nashville, Tennessee-based O’Charley's Inc. (NASDAQ:CHUX), which currently owns and operates 339 restaurants in 25 states and franchises 9 restaurants, announced that it has shut down 16 underperforming restaurants. The closure includes 11 O'Charley's restaurants in the South and Midwest and five Ninety Nine restaurants in the Northeast.
Half of the shuttered restaurants will be treated as discontinued operations. The casual dining chain expects to incur a pre-tax charge of about $5 million, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

No Real Change In Fed Statement

Posted: 14 Dec 2010 01:35 PM PST

As was universally expected, the Fed kept the Fed Funds rate at a range between 0 and 0.25%, where it has been since the worst of the Financial meltdown two years ago. Below, I present the current Fed policy statement, and the Fed statement from the November 3rd meeting on a paragraph-by-paragraph basis, with my interpretation/translation mixed in.

“Information received since the Federal Open Market Committee met in November confirms that the economic recovery is continuing, though at a rate … [visit site to read more] or compare Best Credit Cards and Best CD Rates

DELL To Acquire Compellent

Posted: 14 Dec 2010 01:35 PM PST

Round Rock, Texas-based PC maker Dell Inc. (NASDAQ:DELL) signed a definitive agreement to acquire storage-solution provider Compellent Technologies Inc. (CML). The all-cash deal, valued at $960.0 million, or $27.75 per share of Compellent, is expected to be completed by early 2011. It is expected to be accretive to pro forma earnings in fiscal 2012. Shareholders' approval is still pending.
Data storage plays a crucial role in cloud computing, which helps users access remote computing power and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Closing Bell Market Monitor: BBY, ISS, AIG

Posted: 14 Dec 2010 01:27 PM PST

12/14/10 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

Living The Good Life Working A 9-Month “Year”: 14,000 Illinois High School Teachers Make +$100k

Posted: 14 Dec 2010 01:21 PM PST

ChampionNews is reporting that: 

“As Illinois citizens struggle with the severe economic downturn plaguing the state, Illinois public school employees enjoy another record year of salaries, fringe benefits and pensions. See “Top 100 High School Teachers Salaries” here,” each making $144,000 per year or more, and averaging $158,432 (Source: Illinois State Board of Education).

Note that:

1. The highest-paid public school teacher in Illinois is a physical education teacher making $191,124 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Brightpoint To Acquire Touchstone

Posted: 14 Dec 2010 01:05 PM PST

Brightpoint Inc. (NASDAQ:CELL), a leading global wireless device distributor and customized logistics services provider, recently entered into an agreement to acquire privately held Touchstone Wireless Repair and Logistics, L.P. Touchstone is a leading provider of repair and reverse logistics services to the wireless industry. Brightpoint will pay $80 million in cash for this acquisition.
Brightpoint provides a full range of sales & distribution, logistics, and activation services to wireless … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Tesoro Plans MLP Through IPO

Posted: 14 Dec 2010 01:05 PM PST

Independent refiner and marketer of refined petroleum products, Tesoro Corporation (NYSE:TSO) announced plans to separate a portion of its logistics business to form a Master Limited Partnership (MLP). In this respect, Tesoro also intends to raise contribution worth $200 million through an initial public offering (IPO).
The MLP will provide assistance to Tesoro in the expansion and development of its logistics business. The net proceeds from the offering will be utilized for general corporate … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Hhgregg Downgraded To Underperform

Posted: 14 Dec 2010 12:35 PM PST

We currently downgrade the shares of Hhgregg (NYSE:HGG) to Underperform from Neutral.
The rating downgrade is based on weaker profits during the third quarter of 2010, which were below the Zacks Consensus Estimate due to decrease in gross margin rate, increased advertising, comparable store sales decrease of 1.5% and an increase in expenses associated with the launch of the Washington, DC market.
We are also concerned about the fierce competition and the still recovering economic condition. … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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