Tuesday, January 4, 2011

DailyMarkets.com - HTGC Lowered To Underperform

DailyMarkets.com - HTGC Lowered To Underperform

HTGC Lowered To Underperform

Posted: 04 Jan 2011 10:05 AM PST

We have downgraded our recommendation on Hercules Technology Growth CapitalInc. (NASDAQ:HTGC) to Underperform from Neutral based on its rising expenses and weak fundamentals.
Hercules Technology's third quarter 2010 distributable net operating income (DNOI) came in at 25 cents per share, up from the Zacks Consensus Estimate of 23 cents. However, this compares unfavorably with the DNOI of 31 cents in the prior-year quarter.
Increased operating expenses and higher net realized loss on investments … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Why Gold And Precious Metal Stocks Will Make 2011 A Happy New Year For All!

Posted: 04 Jan 2011 09:50 AM PST

By: Goldrunner with Lorimer Wilson

It is fascinating to be living during the greatest PM Bull Market in history – and to be entering its Seasonal Strength as the parabola rushes forward and upward – and I look forward to keeping you informed on a regular basis throughout 2011 as it unfolds.

Value vs. Price

Over the last several years many have pounded on the table about how the Dow would crash down to 1,000, yet the Crash was a silent one based on "value", not … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Airgas Buys Conley Gas

Posted: 04 Jan 2011 09:45 AM PST

Airgas Inc. (NYSE:ARG) has completed the acquisition of Conley Gas Ltd – La Porte, Texas-based supplier of pure gases to the specialty gas industry – and has integrated it into its Airgas Specialty Gases business unit.
Conley Gas purifies, repackages, and distributes high-purity hydrocarbons such as methane and ethylene with annual revenues of approximately $9 million. Conley serves both national as well as international markets. Conley’s international business consists of high-purity … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Citi Closes Student Loan Corp. Sale

Posted: 04 Jan 2011 09:45 AM PST

Citigroup Inc. (NYSE:C) closed the sale of its subsidiary, The Student Loan Corp., on December 31, 2010, to Discover Financial Services (NYSE:DFS) and SLM Corp. (NYSE:SLM), commonly known as Sallie Mae.
The Sell-Off
The deal, which was announced last September, saw Sallie Mae acquiring $27 billion of securitized federal student loans and related assets from Student Loan Corp. as well as adding 1.3 million customers to its customer base.
Discover Financial acquired the company's private student loan … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Dover Buys Harbison-Fischer

Posted: 04 Jan 2011 09:45 AM PST

Dover Corporation (NYSE:DOV) announced that it has acquired Crowley, Texas-based leading designer and manufacturer of down-hole rod pumps and related products, Harbison-Fischer, Inc., for $402.5 million. Dover expects the acquisition to boost its earnings in 2011.
Harbison-Fischer will be consolidated into Norris Production Solutions, an operating unit within Dover’s Fluid Management segment. Norris Production Solutions is a leading manufacturer and provider of integrated products and solutions … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Crude Rings In The New Year On An Upbeat Note

Posted: 04 Jan 2011 09:19 AM PST

Today’s Idea
Crude Oil fundamentals are still hampered to some extent by inventory builds and excess capacity. However, economic optimism along with the potential for inflation to run this year has traders optimistic that inventories can be worked down. It will be interesting to see longs resolve tested if we get several poor economic reports. Technically, the chart has not given any new signals since crossing the 90 level. Some traders who are expecting the Oil market to move and not … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Gold Falls 2.7%. Is It A Buying Opportunity?

Posted: 04 Jan 2011 09:17 AM PST

SPDR Gold Shares (GLD) fell 2.5% at the open today as investors gain confidence with stocks. The move puts gold back below the $1400 level and questions relative to the future. I am not a gold bug, but this bears addressing short term. The chart below gives a picture technically relative what is happening to price. The consolidation is positive and well within the current uptrend. If we break below the trendline (green) then I would place my stop just below the $132 mark. That said, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Salesforce.com Wraps Up Heroku Deal

Posted: 04 Jan 2011 09:05 AM PST

Leading on-demand customer relationship management (CRM) and cloud computing company Salesforce.com Inc. (NYSE:CRM) completed the acquisition of cloud-based application solution provider, Heroku. Salesforce paid $212.0 million in cash. The company also granted restricted shares worth $27.0 million and paid $10.0 million for unvested Heroku shares.
Founded in 2007, Heroku is a multi-tenant platform and hosting environment, which is based on the Ruby programming language. Heroku makes deployment and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Down At The End Of European Session

Posted: 04 Jan 2011 09:00 AM PST

Forex Pros – The Euro was lower against the U.S. Dollar on Tuesday.

EUR/USD was trading at 1.3305, down 0.41% at time of writing.

The pair was likely to find support at 1.3219, Thursday's low, and resistance at 1.3432, today's high.

Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 1.03% to hit 0.8537 and EUR/JPY falling 0.12% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

GLD Testing Its 50-Day Moving Average Today

Posted: 04 Jan 2011 08:44 AM PST

Gold is testing its MA(50) level today. This level has provided important support throughout this rally.

The last time SPDR Gold Shares (GLD) closed below this level was in August.

The volume today has already exceeded yesterday’s … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Clorox Guides Its Fiscal 2011

Posted: 04 Jan 2011 08:35 AM PST

The Clorox Company (NYSE:CLX) guided its top-line and bottom-line expectations for the second quarter of fiscal 2011 as well as fiscal year 2011. The company also provided its plans on buying back share and an estimate of after-tax gain on the sale of its Auto Care businesses. Also, Clorox announced a non-cash goodwill impairment charge to adjust the carrying value of the goodwill related to its acquisition of Burt’s Bees.
Sales and Earnings Expectations
Clorox expects fiscal second quarter sales … [visit site to read more] or compare Best Credit Cards and Best CD Rates

PG&E Corporation Revises Rates

Posted: 04 Jan 2011 08:35 AM PST

Pacific Gas and Electric Company, a unit of PG&E Corporation (NYSE:PCG), lowered its average system-wide bundled electric rate by 0.8% from January 2011. The decline in rates was due to lower energy purchase prices, which offset the higher operating costs of the company.
The rate decline will benefit those consumers who use a minimum of 850 kilowatt hours (kWh) or more of energy in a month. The average consumer using 850 kWh per month will find his/her monthly energy bill dip by 1.1%, while a … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Recall Of Liver Drug By CPIX

Posted: 04 Jan 2011 08:16 AM PST

Recently, Cumberland Pharmaceuticals Inc. (CPIX) announced that it is recalling 6 lots of liver failure injection, Acetadote, on a voluntary basis. Acetadote is approved for counteracting overdoses of acetaminophen.
Cumberland Pharma also stated that the decision to recall 6 lots of the injectable drug was not because of any adverse event associated with the drug. The US Food and Drug Administration (FDA) has been informed of the decision.
The measure, undertaken by Cumberland Pharma, was … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Earnings Preview: Family Dollar

Posted: 04 Jan 2011 08:16 AM PST

Family Dollar Stores Inc. (NYSE:FDO), the operator of the self-service retail discount store chain, is slated to report its first-quarter 2011 financial results before the bell on Wednesday, January 5, 2011. The current Zacks Consensus Estimate for the quarter is 61 cents a share. For the quarter, the Zacks Consensus Estimate for revenue is $1,985 million.
Fourth-Quarter 2010, a Synopsis
Family Dollar's quarterly earnings of 56 cents a share beat the Zacks Consensus Estimate of 51 cents, and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stock Market News Briefs: BP P.l.c., Deutsche Bank AG, General Motors, Goldman Sachs Group, Kraft Foods, Monsanto Company, Nike, SunTrust Banks, Walgreen Company, Wells Fargo & Company, Amazon.com, Apple, T. Rowe Price Group

Posted: 04 Jan 2011 08:16 AM PST

 Goldman Sachs (NYSE:GS) removed Nike (NYSE:NKE) from its Conviction Buy List, but maintained the “buy” rating with a target price of $95

 KBW upgraded SunTrust (NYSE:STI) to “outperform,” increasing the target price $33 from $30

 Deutsche Bank (NYSE:DB) lifted its target price of Apple (NASDAQ:AAPL) from $375 to $410, and maintained its “buy” rating

 Soleil upgraded Monsanto's (NYSE:MON) "buy" rating from “hold” and lifted the target price from $60 to $80

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

Ferrellgas Acquires Propane Assets

Posted: 04 Jan 2011 08:16 AM PST

Master limited partner, Ferrellgas Partners L.P. (NYSE:FGP) has acquired Augusta, Georgia-based propane company, the Bennett Gas Company. Bennett Gas is an independent propane retailer serving the propane needs of residential and industrial customers in eastern Georgia and western South Carolinas.
This acquisition marks the partnership’s third acquisition in fiscal 2011, which began on August 1, 2010. The previous two acquisitions, this fiscal year, included California-based Kings River Propane … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Pepco Signs Power Saving Contract

Posted: 04 Jan 2011 08:16 AM PST

Diversified energy company  Pepco Holdings Inc. (NYSE:POM) announced that its subsidiary, Pepco Energy Services, signed a $3.9 million worth comprehensive energy savings performance contract with Franklin County Housing Authority.
As per the contract, Pepco will implement new water and energy saving measures considering the existing housing units of the Housing Authority are aging and upgrades are essential to improve the heating and cooling of each unit. These measures will save the Housing … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Becton Files For New Herpes Tests

Posted: 04 Jan 2011 08:15 AM PST

BD Diagnostics, a wing of Becton, Dickinson and Company (NYSE:BDX), recently filed for 510(k) clearance with the U.S. Food and Drug Administration ("FDA") for its first completely automated molecular tests to diagnose Herpes Simplex Viruses (HSV) types 1 and 2, which are among the most regular sexually transmitted infections in the globe.   
According to the company, the tests will aid medical practitioners decide if a patient has HSV, and if it is type 1 or 2, which has a major … [visit site to read more] or compare Best Credit Cards and Best CD Rates

US Factory Orders Stronger Than Expected For Nov., EUR/USD Pares Gains

Posted: 04 Jan 2011 08:00 AM PST

Another strong report from the US today, this time factory orders. The overall reading was better than expected at +0.7%. Forecasts had called for a small slide. In conjunction with the ISM Manufacturing Index for December that we saw yesterday its further proof that manufacturing activity is quite healthy in the US.
Two key points about today's data. Our barometer for capital investment – capital orders excluding defense and aircraft – rose by 2.6%, after falling 3.2% in October. That … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – Dollar Up Vs. Most Rivals After Surprising U.S. Orders Data

Posted: 04 Jan 2011 07:56 AM PST

Forex Pros – The U.S. dollar was up against most of its major rivals on Tuesday after official data showed that orders placed with U.S. factories unexpectedly rebounded in November and ahead of the publication of the minutes of the Federal Reserve’s December policy meeting.

During European late afternoon trade, the greenback was up against the euro, with EUR/USD shedding 0.19% to hit 1.3333.

Earlier Tuesday, preliminary showed that consumer price inflation in the euro zone was estimated to … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Economic Sentiment Indicator Jumps In December

Posted: 04 Jan 2011 07:51 AM PST

NEW YORK, January 3, 2011 – “Driven by a wide range of upbeat grassroots economic news, the Dow Jones Economic Sentiment Indicator (ESI) jumped 2.2 points to 46.1 in December, breaking out of its previous range and indicating the economy could be picking up momentum at the start of 2011. The ESI is determined by in-depth analysis of national news coverage across 15 daily newspapers. It held steady at 43.9 in October and November.”

Dow Jones Newswires "Money Talks" columnist Alen Mattich … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Risk Appetite Strong On Recovery Optimism, Data

Posted: 04 Jan 2011 07:50 AM PST

01/04/10 Risk appetite has continued to rise this session following growing optimism that the US economic recovery will continue to … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Trims Gains As U.S. Factory Orders Rebound

Posted: 04 Jan 2011 07:43 AM PST

Forex Pros – Sterling trimmed gains against the U.S. dollar on Tuesday, retreating from a two-day high following data showing that orders placed with U.S. factories unexpectedly rose in November.

GBP/USD retreated from 1.5646; the pair's highest since December 31, to hit 1.5577 during European late afternoon trade, gaining 0.57%.

Cable was likely to find support at 1.5433, Monday's low and short-term resistance at 1.5663, the high of December 31.

The U.S. Census Bureau said factory … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Opening Bell Market Monitor: BGP, M, BP

Posted: 04 Jan 2011 02:37 AM PST

01/04/10 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

Forex Trading: EURJPY Falls Below Trendline Support

Posted: 04 Jan 2011 07:32 AM PST

The EURJPY fell below trendline support and the bulls exited.  The pair is now below the 200 bar MA on the 5 minute chart at the 109.64. Staying below this level should keep the pressure on the pair.  The USDJPY being at key resistance did not help matters. That pair has stalled against the key resistance a tthe 82.28 level.  The EURUSD therefore sold off and mathematically, that has led to the lower EURJPY.

Look for support in the EURJPY at the 109.29 level.  This is the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Erases Gains After Strong U.S. Economic Data

Posted: 04 Jan 2011 07:31 AM PST

Forex Pros – The euro erased gains against the U.S. dollar on Tuesday, retreating from a three-week high after official data showed that orders placed with U.S. factories unexpectedly rose in November.

EUR/USD retreated from 1.3433; the pair's highest since December 14, to hit 1.3345 during European late afternoon trade, slipping 0.11%.

The pair was likely to find support at 1.3249, Monday's low and short-term resistance at 1.3423, the high of December 31.

The U.S. Census Bureau said … [visit site to read more] or compare Best Credit Cards and Best CD Rates

FX Levels And Outlooks 1.4.2011 – USD/CAD AUD/USD Gold

Posted: 04 Jan 2011 07:30 AM PST

USD/CAD – Breaks Below 2010 Lows; Eyes 2008 LowsResistance : 1.00-0.9980; R2: 1: 1.0020-1.0050; R3: 1.01-1.0110
Support 1: 0.9750; S2: 0.92

- There is a pullback in the USD/CAd after a break below 2010 lows, which begs to ask whether the break was just a clear-out.
- The USD/CAD has been choppy throughout 2010, so I am not convinced of a bullish attempt until a successful break above 1.010, which would also see a break above 61.8% retracement of the latest rundown.
- Because parity is so … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.S. Stocks Edge Lower Ahead Of Fed Minutes; Dow Jones Down 0.03%

Posted: 04 Jan 2011 07:17 AM PST

Forex Pros – U.S. stocks edged lower on Tuesday as a drop in consumer-related companies overshadowed a strong performance by shares in the technology sector.

During early U.S. trade, the Dow Jones Industrial Average shed 0.03%; the S&P 500 index fell 0.25%, while the Nasdaq Composite index was down 0.02%.

Shares in the second largest U.S. bookstore chain Borders tumbled 6.37% after the company's counsel and chief information officer resigned. The troubled retailer announced last week … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Condor Resources Upbeat On New Mineral Resource Estimate For La India Concession

Posted: 04 Jan 2011 01:47 AM PST

Shares in Condor Resources (LON:CNR) felly by a penny to 9.75p this morning after the gold exploration group announced the results of a mineral resource estimation for its La India concession in Nicaragua. The JORC-compliant inferred mineral resource has come in at 4.58m tonnes at 5.9 grams per ton for 868,000 ounces of gold over the majority of the mineralised veins.

Anticipation of the report, which Condor had promised by the close of 2010, helped to drive the company's shares up from 2.3p … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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