Friday, January 21, 2011

DailyMarkets.com - Highwoods Renews Lease

DailyMarkets.com - Highwoods Renews Lease


Highwoods Renews Lease

Posted: 21 Jan 2011 04:05 PM PST

Highwoods Properties Inc. (NYSE:HIW), a real estate investment trust (REIT), has recently renewed its lease agreement with Horizon Ag LLC, a rice seed and agricultural technology company, for 3,700 square feet of space at Southwind Office Center in Memphis, Tennessee. Horizon Ag LLC is a joint venture of five large rice seed companies and operates as a vital link between public breeding systems and private technology providers.
The renewal of the lease signifies the inherent quality of … [visit site to read more] or compare Best Credit Cards and Best CD Rates


American Competitiveness, And The President’s New Relationship With American Business

Posted: 21 Jan 2011 03:46 PM PST

Whenever you hear a business executive or politician use the term "American competitiveness," watch your wallet. Few terms in public discourse have gone so directly from obscurity to meaninglessness without any intervening period of coherence.
President Obama just appointed Jeffry Immelt, GE's CEO, to head his outside panel of economic advisors, replacing Paul Volcker. According to White House spokesman Robert Gibbs, Immelt has "agreed to work thorugh what makes our country more … [visit site to read more] or compare Best Credit Cards and Best CD Rates


BHP Billiton’s Output Rises

Posted: 21 Jan 2011 03:35 PM PST

Australian largest miner, BHP Billiton Ltd. (NYSE:BHP), recently reported production highlights for the first half of fiscal 2011. BHP Billiton reported a 5% year-over-year increase in its iron ore production for the first half of fiscal 2011 ending December 31, 2010.
The company's oil and natural-gas production remained stable, while copper production stretched 7% year over year. Alumina production was 14% higher than the comparable period due to the ongoing ramp up of the Alumar refinery.
For … [visit site to read more] or compare Best Credit Cards and Best CD Rates


GENZ To Expand Production Capacity

Posted: 21 Jan 2011 03:35 PM PST

Genzyme Corp. (NASDAQ:GENZ) recently announced that it is expanding its manufacturing capacity for Myozyme and Lumizyme in Geel, Belgium. The company said that it is setting up an additional manufacturing plant at the Geel site.
The €250 million plant will have production capacity of 8,000 liters with scope for additional capacity expansion. Genzyme expects to receive approval for the plant in late 2014.
Expansion in-line with Genzyme's Long-Term Plans
The move to expand production capacity at … [visit site to read more] or compare Best Credit Cards and Best CD Rates


WaPo Enhances Returns

Posted: 21 Jan 2011 03:35 PM PST

The Washington Post Company (NYSE:WPO) recently increased its quarterly dividend following the footsteps of The McGraw-Hill Companies Inc. (NYSE:MHP), a publisher and provider of financial information and media services, who raised its quarterly dividend by 6.4% to 25 cents.
Washington Post raised its annual dividend by 4.4% to $9.40 from $9.00, reflecting the company's sound financial position and well-defined future prospects. The increased quarterly dividend of $2.35 per share is payable on … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Hot Option Plays: Financials & Tech See-Saw

Posted: 21 Jan 2011 03:18 PM PST

Cusick's Corner
Trading was rather dull and stayed in a narrow range during the final hours of Expiration Friday. Overall volume was strong but nothing out of the ordinary. Gains in Financials (XLF) were offset by the loss in the Tech (XLK) sector. The VIX is back up (see Index Trading) to mid-December levels. Earnings are still in full swing – AXP and HAL report on Monday. There is nothing on the economic calendar until Tuesday when the FOMC meets to discuss rates. Consumer Confidence, … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Wisconsin Energy Plans Stock Split

Posted: 21 Jan 2011 03:05 PM PST

Diversified energy utility Wisconsin Energy Corporation (NYSE:WEC) said that the company's shareholders will receive one additional share for each Wisconsin Energy share held by them, under a two-for-one stock split. The company also announced a new quarterly cash dividend rate consistent with the board's policy that was adopted at the December 2010 meeting.
Wisconsin Energy currently pays a quarterly dividend of 40 cents per share, which sums to an annualized dividend of $1.60 per … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Family Dollar Raises Dividend

Posted: 21 Jan 2011 03:05 PM PST

After The McGraw-Hill Companies Inc. (NYSE:MHP), which recently raised its quarterly dividend by 6.4% to 25 cents from 23.5 cents, and Tiffany & Company (NYSE:TIF), which recently announced a share repurchase program of $400 million, it is now the turn of Family Dollar Stores Inc. (NYSE:FDO) to utilize its free cash to enhance shareholders' return, thereby boosting investor confidence in the stock.
The North Carolina-based Family Dollar raised its quarterly dividend for the 35th successive year by … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Priority Review For Vertex HCV Drug

Posted: 21 Jan 2011 03:05 PM PST

Vertex Pharmaceuticals Inc. (NASDAQ:VRTX) recently said that the US Food and Drug Administration (FDA) has accepted the company's new drug application (NDA) for its lead pipeline candidate, telaprevir. Telaprevir is being developed for the treatment of hepatitis C virus or HCV, for both treatment-naïve and treatment-failed patients.
The regulatory body also granted priority review status to telaprevir and has set a Prescription Drug User Fee Act (PDUFA) date of May 23, 2011. Vertex Pharma … [visit site to read more] or compare Best Credit Cards and Best CD Rates


5 Hot Stocks To Watch Next Week

Posted: 21 Jan 2011 03:05 PM PST

( click to enlarge )

JPMorgan Chase & Co. (NYSE:JPM) continued its upward surge from Thursday.

A quick look at the daily chart of JPM shows us that:

- The stock price has been making higher lows since last December.
- The volume of transactions has been increasing substantially over the last 2 months.
- Trendline is rising
- The 50 daily moving average is turning up for the first time since March-April 2010
- The price has crossed the 10 day moving average to the upside again with an … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Earnings Scorecard: CRA International

Posted: 21 Jan 2011 02:35 PM PST

Boston, Massachusetts-based CRA International, Inc. (NASDAQ:CRAI), a leading global consulting firm reported fourth quarter pro forma earnings of 35 cents per share, which outperformed the Zacks Consensus Estimate by 4 cents and also earnings of 32 cents reported in the year-ago quarter.
The company's full-year adjusted earnings per share were 87 cents versus $1.07 per share in full fiscal 2009.
The improvement in results was aided by an active pipeline for both litigation and management … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/USD Up At The End Of U.S. Session

Posted: 21 Jan 2011 02:10 PM PST

Forex Pros – The Euro was higher against the U.S. Dollar on Friday.

EUR/USD was trading at 1.3621, up 1.10% at time of writing.

The pair was likely to find support at 1.3245, Monday's low, and resistance at 1.3625, today's high.

Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.44% to hit 0.8514 and EUR/JPY rising 0.58% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Earnings Preview: Earnings Season In Full Swing

Posted: 21 Jan 2011 02:05 PM PST

Earnings Preview 1/21/11

Next week the fourth quarter earnings season is in full swing. A total of 481 firms are due to report, including 129 S&P 500 firms.

So far the earnings season seems to be going well. The firms reporting this week include several icons of U.S. business, including almost half of the Dow 30. Some of the more significant companies to report next week are: American Express (NYSE:AXP), Boeing (NYSE:BA), Caterpillar (NYSE:CAT), Chevron (NYSE:CVX), DuPont (NYSE:DD), Ford (NYSE:F), Johnson … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Polycom Declared Record-High 4Q10

Posted: 21 Jan 2011 02:05 PM PST

Yesterday, after market close, Polycom Inc. (NASDAQ:PLCM) declared excellent fourth quarter 2010 financial results. Despite facing competitive pressure from Cisco System Inc. (NASDAQ:CSCO), which acquired Tandberg TV, Polycom's high-margin Network Systems businesses grew 25% year over year and 20% sequentially in the reported quarter.
Total revenue in the fourth quarter of 2010 reached a record high of $339.6 million, up 26.8% year over year and surpassing the Zacks Consensus Estimate of $328 million. … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Earnings Preview: CA Inc

Posted: 21 Jan 2011 02:05 PM PST

CA Inc. (NASDAQ:CA) is scheduled to announce its third quarter 2011 results on January 25, 2011 and we do not see too much variation in analyst estimates at this point.
Second Quarter Overview
The company reported decent second quarter 2011 numbers, with earnings per share (EPS) of 46 cents, exceeding the Zacks Consensus Estimate of 44 cents.
CA delivered $1.110 billion in earnings, up 5.0% from $1.067 billion reported in the year-ago quarter. Revenue growth was noticed across all business segments … [visit site to read more] or compare Best Credit Cards and Best CD Rates


EIA Reports Large Natural Gas Draw

Posted: 21 Jan 2011 02:05 PM PST

The U.S. Energy Department’s weekly inventory release showed a larger-than-expected drop in natural gas supplies, attributable to considerably colder-than-normal weather conditions.
The Weekly Natural Gas Storage Report brought out by the Energy Information Administration (EIA) every Thursday since 2002 – includes updates on natural gas market prices, latest storage level estimates, recent weather data and other market activity or events.
The report provides an overview on the level of … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Tiffany’s New Share Buyback Program

Posted: 21 Jan 2011 02:05 PM PST

Tiffany & Company (NYSE:TIF), known for its high-end jewelry, recently announced a new share repurchase program, overriding the previous program, which was scheduled to expire at the end of this month.
The newly announced program, which is set to expire on January 31, 2013, authorizes the company to buy back up to $400.0 million shares of its common stock over the next two years through open market or private transactions.
Tiffany had about $329.0 million left at its disposal under its $1.6 … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – GBP/USD Up At The End Of U.S. Session

Posted: 21 Jan 2011 02:05 PM PST

Forex Pros – The British Pound was higher against the U.S. Dollar on Friday.

GBP/USD was trading at 1.6000, up 0.65% at time of writing.

The pair was likely to find support at 1.5836, Monday's low, and resistance at 1.6059, Tuesday's high.

Meanwhile, the British Pound was down against the Euro and up against the Japanese Yen, with EUR/GBP gaining 0.44% to hit 0.8514 and GBP/JPY rising 0.13% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – USD/JPY Down At The End Of U.S. Session

Posted: 21 Jan 2011 02:00 PM PST

Forex Pros – The U.S. Dollar was lower against the Japanese Yen on Friday.

USD/JPY was trading at 82.57, down 0.52% at time of writing.

The pair was likely to find support at 81.85, Wednesday's low, and resistance at 83.13, Thursday's high.

Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 1.10% to hit 1.3621 and GBP/USD rising 0.65% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Closing Bell Market Monitor: GE, BBT, SLB, BAC

Posted: 21 Jan 2011 02:00 PM PST

01/21/11 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


Forex – EUR/USD Up Toward The End Of U.S. Session

Posted: 21 Jan 2011 01:40 PM PST

Forex Pros – The Euro was higher against the U.S. Dollar on Friday.

EUR/USD was trading at 1.3620, up 1.09% at time of writing.

The pair was likely to find support at 1.3245, Monday's low, and resistance at 1.3624, today's high.

Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.42% to hit 0.8512 and EUR/JPY rising 0.56% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Walgreen Upgraded To Outperform

Posted: 21 Jan 2011 01:35 PM PST

Recently, we upgraded Walgreen (NYSE:WAG) to Outperform with a target price of $50.00.
Walgreen's first quarter fiscal 2011 results have been encouraging despite the current economic uncertainty, which is having an impact on discretionary spending and reimbursement issues. Revenues rose 6% year over year to $17.3 billion, mostly in line with the Zacks Consensus Estimate. Comparable store sales (those open for more than a year) increased 0.8% while sales of front-end comparable drugstores edged … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Earnings Preview: Brinker

Posted: 21 Jan 2011 01:35 PM PST

Brinker International Inc. (NYSE:EAT), the owner of Chili's Grill & Bar and Maggiano’s Little Italy, is slated to release its second quarter 2011 results on Tuesday, January 25, before the market opens. The current Zacks Consensus Estimate for the second quarter is 31 cents per share, representing an annualized growth of 8.10%. The Zacks Consensus Sales estimate is $673.0 million.
With respect to earnings surprises, over the trailing four quarters, Brinker has outperformed the Zacks … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – GBP/USD Up Toward The End Of U.S. Session

Posted: 21 Jan 2011 01:30 PM PST

Forex Pros – The British Pound was higher against the U.S. Dollar on Friday.

GBP/USD was trading at 1.6006, up 0.69% at time of writing.

The pair was likely to find support at 1.5836, Monday's low, and resistance at 1.6059, Tuesday's high.

Meanwhile, the British Pound was down against the Euro and up against the Japanese Yen, with EUR/GBP gaining 0.39% to hit 0.8509 and GBP/JPY rising 0.18% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – USD/JPY Down Toward The End Of U.S. Session

Posted: 21 Jan 2011 01:20 PM PST

Forex Pros – The U.S. Dollar was lower against the Japanese Yen on Friday.

USD/JPY was trading at 82.58, down 0.51% at time of writing.

The pair was likely to find support at 81.85, Wednesday's low, and resistance at 83.13, Thursday's high.

Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 1.10% to hit 1.3621 and GBP/USD rising 0.67% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


U.S. Markets Mixed At Close; Dow Jones Up 0.41%

Posted: 21 Jan 2011 01:10 PM PST

Forex Pros – U.S. stocks were mixed after the closing bell on Friday.

At the close of U.S. trade, the Dow Jones Industrial Average rose 0.41%, the S&P 500 index gained 0.24%, while the Nasdaq 100 index declined 0.78%.

Meanwhile, across the Atlantic, European stock markets closed higher. France's CAC 40 was up 1.33%; Germany's DAX gained 0.54%; Britain's FTSE 100 climbed 0.48%; and the EURO STOXX 50 rose … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Analyst Interviews: Airline Industry Outlook

Posted: 21 Jan 2011 01:05 PM PST

The economic downturn in 2009 and the oil price hike in 2008 had hit the airline industry hard. Now, with a revival in the economy, demand for air travel is improving.

Revenue and profits of U.S. carriers are increasing with a surge in ticket demand, higher fares as well as improved revenues collected from extra fees. Further, airlines are benefiting from industry consolidation, substantial improvement in yields, an upturn in the market and better capacity management resulting in enhanced … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Surprise Build In Crude Stocks

Posted: 21 Jan 2011 01:05 PM PST

The U.S. Energy Department’s weekly inventory release showed a surprise build in crude stockpiles. The agency's bearish report further added that gasoline and distillate supplies logged a broader-than-expected climb, while refinery run-rates decreased from the previous week.
The Energy Information Administration ("EIA") Petroleum Status Report – which contains data for the previous week ending on Friday – outlines information regarding the weekly change in petroleum inventories held … [visit site to read more] or compare Best Credit Cards and Best CD Rates


FDA Panel Reviews Lilly Drug

Posted: 21 Jan 2011 01:05 PM PST

Eli Lilly and Company (NYSE:LLY) recently announced that the US Food and Drug Administration’s (FDA) Peripheral and Central Nervous System Drugs Advisory Committee voted against granting approval to Amyvid (florbetapir) based on currently available data.
While the panel voted 13-3 against granting approval, it was unanimously (16-0) in favor of approving Amyvid on the condition that the company has a reader training program in place. The program should demonstrate reader accuracy and ensure … [visit site to read more] or compare Best Credit Cards and Best CD Rates


CEO Spotlight: Richard M. Goldman For Rydex|SGI

Posted: 21 Jan 2011 01:00 PM PST

01/21/11 After ringing the NYSE opening bell, Richard M. Goldman, CEO for Rydex|SGI, gives us an in-depth breakdown of the company’s recently launched “MSCI All Country World Weight … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – GBP/USD Up During The U.S. Session

Posted: 21 Jan 2011 12:45 PM PST

Forex Pros – The British Pound was higher against the U.S. Dollar on Friday.

GBP/USD was trading at 1.6009, up 0.70% at time of writing.

The pair was likely to find support at 1.5836, Monday's low, and resistance at 1.6059, Tuesday's high.

Meanwhile, the British Pound was down against the Euro and up against the Japanese Yen, with EUR/GBP gaining 0.36% to hit 0.8506 and GBP/JPY rising 0.18% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


High Losses Dampen MGIC Results

Posted: 21 Jan 2011 12:35 PM PST

This article has been unpublished. Walter, need new message.
 
MGIC INVSTMT CP (MTG): Free Stock Analysis … [visit site to read more] or compare Best Credit Cards and Best CD Rates


510 (k) Reform: FDA’s Blueprint

Posted: 21 Jan 2011 12:35 PM PST

In a major move, the U.S. Food and Drug Administration ("FDA") have outlined a plan on January 19 consisting of 25 proposals, which it intends to implement during 2011 to improve the regulatory approval pathway for medical devices. Most of these proposals, announced by the FDA's Center for Devices and Radiological Health ("CDRH"), appear favorable for the medical devices industry.
The proposals are aimed at overhauling the three and half decade old 510 (k) device approval program by … [visit site to read more] or compare Best Credit Cards and Best CD Rates


People’s United Estimates In Line

Posted: 21 Jan 2011 12:35 PM PST

Regional bank People’s United Financial Inc. (NASDAQ:PBCT) announced fourth quarter 2010 operating earnings per share of 10 cents, in line with the Zacks Consensus Estimate. However, earnings compared favorably with 8 cents per share reported both in the prior quarter and prior-year quarter.
Operating income reported was $36.7 million compared with $27.7 million in the prior quarter and $28.0 million in the prior-year quarter. Including pre-tax merger-related expenses, core system conversion costs … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – USD/CAD Down During The U.S. Session

Posted: 21 Jan 2011 12:05 PM PST

Forex Pros – The U.S. Dollar was lower against the Canadian Dollar on Friday.

USD/CAD was trading at 0.9945, down 0.27% at time of writing.

The pair was likely to find support at 0.9838, Tuesday's low, and resistance at 1.0031, Thursday's high.

Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 1.02% to hit 1.3610 and GBP/USD rising 0.69% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


“Earnings Will Overshadow Economic Data”

Posted: 21 Jan 2011 10:31 AM PST

01/21/10 Mogavero Lee & Co’s Doreen Mogavero discusses next week’s key fundamentals: earnings, economic data and central … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Dollar Trades At 8-week Low Against Euro

Posted: 21 Jan 2011 05:15 AM PST

01/21/11 A lack of economic data and speculation China will enact measures to slow economic growth helped pave the way for another session of losses for the greenback this … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Crude Decline Continues, Falls Below $90

Posted: 21 Jan 2011 04:00 AM PST

01/21/11 Growing concerns that China will enact measures to slow its economic growth has paved the way for another session of declines for crude … [visit site to read more] or compare Best Credit Cards and Best CD Rates


4Q Net Income For Schlumberger Comes Up Strong

Posted: 21 Jan 2011 03:00 AM PST

01/21/11 Oilfield services company Schlumberger announced Friday that its 4Q net income jumped 31% on a rise in demand and oil … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Opening Bell Market Monitor: BAC, GE, HPQ, GOOG

Posted: 21 Jan 2011 02:33 AM PST

01/21/10 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


Reading China’s Signs

Posted: 20 Jan 2011 10:00 PM PST

CLSA's Andy Rothman is one of the best voices out there discussing the growth of China. Andy's ability to put today's activities and government policies in historical perspective sets him apart from both China's naysayers and those who are overly bullish. Andy's Sinology report is a must-read for our investment team here at U.S. Global.
The most recent Sinology contains some good 2011 forecasts from Rothman and some interesting tidbits on China that are worth sharing:

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


CEO Spotlight: David A DeLorenzo For Dole Foods Company, Inc.

Posted: 20 Jan 2011 12:00 PM PST

01/20/11 In an exclusive interview, David A. DeLorenzo, President and Chief Executive Officer for the Dole Food Company, shares his thoughts behind inflation, nutrition, and upcoming products tailored towards a healthy … [visit site to read more] or compare Best Credit Cards and Best CD Rates


The Day Ahead: Earnings – Bank Of America, GE, Schlumberger

Posted: 20 Jan 2011 11:00 AM PST

01/21/10 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


Closing Bell Market Monitor: MS, WEN

Posted: 20 Jan 2011 09:00 AM PST

01/20/11  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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