DailyMarkets.com - Wright Introduces EVOLVE
DailyMarkets.com - Wright Introduces EVOLVE |
- Wright Introduces EVOLVE
- Strong Earnings Boost Strong Market
- Earnings Preview: Earnings Season Enters Final Stretch
- Initiating Coverage On Zynex Inc. (ZYXI)
- Earnings Preview: ValueClick
- Telus Misses, Grows Annually
- Initiating Coverage On Zynex Inc. (ZYXI)
- Chevron Boosts Gorgon Potential
- Initiating Coverage On Zynex Inc. (ZYXI)
- U.S. Drilling Dips 1st Time In 2011
- Forex – EUR/USD Down At The End Of European Session
- USD Focus To Be On Budget And Data On Sales, Inflation, Manufacturing
- SCANA Lucky By A Penny
- Crowdgather Appeals To All Business Sizes
- Leggett & Platt In Neutral Lane
- Earnings Scorecard: Becton
- Risk Aversion Rises, Dollar Rebounds
- Anadarko’s Oil Rush In Ghana
- Regulator Clears Dynegy Sale
- Gilead Refiles For HIV Combo Pill
- Mack-Cali Reports In Line
- Forex Trading: USDJPY Wanders Toward Trendline Support At 83.21 Area In Quiet Trading
- Crude Falls To 10-week Low
- Forex – Dollar Mixed Vs. Rivals As Obama Outlines 2012 Budget
- WSJ Forecasting Survey: 2.1% Inflation In 2011
- Megaworld Corporation (MEG) Poised For Another 10% Drop
- Forex – GBP/USD Remains Under Pressure As Euro Debt Woes Weigh
- Opening Bell Market Monitor: SATS, HUGH, GE
- Bear Season In The S&P 500 & Oil
- Quiet Start For Bonds Sees Rising Yields
- Eurozone Risks Rise Back To The Top Of The Agenda
- Forex – EUR/USD Trims Losses Ahead Of EU Fin Min Meeting
- John Wood Group Agrees Sale Of Well Support Division To GE
| Posted: 14 Feb 2011 09:55 AM PST International orthopedic devices company Wright Medical (NASDAQ:WMGI) recently introduced its new elbow plating system designed to treat certain elbow fractures. The device dubbed EVOLVE Elbow Plating System ("EPS") is an anatomic plating system for the treatment of fractures of the distal humerus (the long bone that runs from the shoulder to the elbow) and proximal ulna (a long bone in the forearm).
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| Strong Earnings Boost Strong Market Posted: 14 Feb 2011 09:55 AM PST The 4th quarter earnings season is almost three quarters done. We now have 372 or 74.4% of the S&P 500 reports in. However, the early reporting firms tend to be a bit bigger and more profitable than the stragglers, and those 372 firms actually represent 84.2% of the total expected net income. That, of course, presupposes that all the remaining firms report exactly as expected, which is unlikely. But it shouldn't be too far off, as those 372 firms also represented 84.8% of all the net … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Earnings Preview: Earnings Season Enters Final Stretch Posted: 14 Feb 2011 09:35 AM PST Earnings Preview 2/11/11 We are not done with the fourth quarter earnings season yet, but by the end of next week we will be close. A total of 420 firms are due to report, including 51 S&P 500 firms. So far the earnings season seems to be going well. With almost three quarters of the S&P 500 reports in, total net income is up 27.4% over a year ago. The firms reporting this week include several icons of U.S. business, including Apache (NYSE:APA), Analog Devices (NYSE:ADI), Campbell … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Initiating Coverage On Zynex Inc. (ZYXI) Posted: 14 Feb 2011 09:35 AM PST Brian Marckx, CFA Zynex Inc.’s (ZYXI) stock was seriously punished with the April 2009 restatement announcement and, despite revenue growth of almost 60% in 2009 and 30% through the first nine months of 2010, has yet to fully recover. Until there is resolution on what we would characterize as "significant" lingering concerns (most notably the outstanding lawsuit and ongoing refund claims by Anthem), we believe Zynex's stock will continue to trade at a … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 14 Feb 2011 09:35 AM PST ValueClick Inc. (NASDAQ:VCLK) is slated to release its fourth quarter 2010 results on February 15.
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| Posted: 14 Feb 2011 09:35 AM PST Telus Corporation (NYSE:TU), the second largest Canadian telecommunications company, reported fourth quarter adjusted earnings per ADS of 66 U.S. cents (67 Canadian cents per share), falling well below the Zacks Consensus Estimate of 72 U.S. cents. Adjusted earnings shot up 40% year over year attributable to strong data and wireless revenue combined with healthy Optik TV and Optik high-speed Internet services.
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| Initiating Coverage On Zynex Inc. (ZYXI) Posted: 14 Feb 2011 09:10 AM PST Brian Marckx, CFA Zynex Inc.’s (ZYXI) stock was seriously punished with the April 2009 restatement announcement and, despite revenue growth of almost 60% in 2009 and 30% through the first nine months of 2010, has yet to fully recover. Until there is resolution on what we would characterize as "significant" lingering concerns (most notably the outstanding lawsuit and ongoing refund claims by Anthem), we believe Zynex's stock will continue to trade at a … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Chevron Boosts Gorgon Potential Posted: 14 Feb 2011 09:05 AM PST U.S. energy behemoth Chevron Corp. (CVX) announced the discovery of a new offshore natural gas site (Orthrus-2) in Western Australia's Carnarvon Basin. The discovery – the tenth by Chevron off the Australian coast during the last 18 months – builds on the integrated oil and gas giant's leading position in this hydrocarbon-rich area.
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| Initiating Coverage On Zynex Inc. (ZYXI) Posted: 14 Feb 2011 09:05 AM PST Brian Marckx, CFA Zynex Inc.’s (ZYXI) stock was seriously punished with the April 2009 restatement announcement and, despite revenue growth of almost 60% in 2009 and 30% through the first nine months of 2010, has yet to fully recover. Until there is resolution on what we would characterize as "significant" lingering concerns (most notably the outstanding lawsuit and ongoing refund claims by Anthem), we believe Zynex's stock will continue to trade at a … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| U.S. Drilling Dips 1st Time In 2011 Posted: 14 Feb 2011 09:05 AM PST In its weekly release, Houston-based oilfield services company Baker Hughes Inc. (BHI) reported a fall in the U.S. rig count (number of rigs searching for oil and gas in the country), primarily reflecting a decrease in the number of land rigs.
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| Forex – EUR/USD Down At The End Of European Session Posted: 14 Feb 2011 09:00 AM PST Forex Pros – The Euro was lower against the U.S. Dollar on Monday. EUR/USD was trading at 1.3474, down 0.56% at time of writing. The pair was likely to find support at 1.3429, today's low, and resistance at 1.3744, Wednesday's high. Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.64% to hit 0.8410 and EUR/JPY falling 0.68% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| USD Focus To Be On Budget And Data On Sales, Inflation, Manufacturing Posted: 14 Feb 2011 08:51 AM PST The main news coming out of the weekend was the proposed budget by the Obama administration. From Bloomberg: Obama's $3.7 Trillion Budget Sets Fight in Congress
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| Posted: 14 Feb 2011 08:35 AM PST SCANA Corporation (NYSE:SCG) reported fourth-quarter 2010 earnings of 74 cents per share, just beating the Zacks Consensus Estimate of 73 cents and well above the year-ago earnings of 62 cents.
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| Crowdgather Appeals To All Business Sizes Posted: 14 Feb 2011 08:25 AM PST Ken Nagy, CFA CrowdGather, Inc. (CRWG) is an Internet company that specializes in the development and hosting of forum based Web sites. The firm endeavors to monetize a network of online forums and message boards. Forums remain a much undervalued part of the internet pie with $4.8 billion and CowdGather is the only public company dedicated to monetizing this area.
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| Leggett & Platt In Neutral Lane Posted: 14 Feb 2011 08:25 AM PST We reiterate our long-term ‘Neutral’ recommendation on Leggett & Platt Inc. (NYSE:LEG). Leggett and Platt is a leading manufacturer of components of residential and office furniture, carpet underlay, drawn steel wire and automotive seat support and lumbar systems in North America. Moreover, the company has a well-diversified customer base and solid research and development (R&D) capabilities. This offers a competitive edge to the company and strengthens its pricing power in the … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 14 Feb 2011 08:11 AM PST Becton, Dickinson and Company (NYSE:BDX) recently announced first-quarter fiscal 2011 (ended December 31) results. Adjusted (excluding one-time items) earnings per share of $1.35 beat the Zacks Consensus Estimate of $1.29 and surpassed the year-ago figure of $1.30. Net income from continuing operations (on a reported basis) for the quarter increased 3.3% to roughly $314 million (or $1.35 a share).
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| Risk Aversion Rises, Dollar Rebounds Posted: 14 Feb 2011 08:11 AM PST 02/14/11 The US dollar posted quite the rebound today on growing speculation eurozone finance ministers will fail to reach an agreement on how to expand its bailout … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 14 Feb 2011 08:10 AM PST Oil and gas exploration company Anadarko Petroleum Corporation (NYSE:APC) said that it has discovered new oil, condensate and natural gas pay at an exploration well offshore Ghana.
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| Posted: 14 Feb 2011 08:10 AM PST Dynegy Inc. (NYSE:DYN) has received regulatory approval from the Federal Energy Regulatory Commission (FERC), for its proposed acquisition by an affiliate of Icahn Enterprises L.P. (NYSE:IEP). Per the transaction, Icahn Enterprises will acquire Dynegy for $5.50 per share in cash, or approximately $665 million.
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| Gilead Refiles For HIV Combo Pill Posted: 14 Feb 2011 08:10 AM PST Gilead Sciences Inc. (NASDAQ:GILD) recently refiled a New Drug Application (NDA) with the US Food and Drug Administration (FDA) for the single-tablet combination of Truvada and TMC-278 (rilpivirine). The company is seeking to get the combination drug approved as a treatment of adult HIV patients.
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| Posted: 14 Feb 2011 08:10 AM PST Mack-Cali Realty Corp. (NYSE:CLI), a real estate investment trust (REIT), reported fourth quarter 2010 FFO (fund from operations) of $54.7 million or 59 cents per share, compared with $55.3 million or 60 cents in the year-earlier quarter. Fund from operations, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income.
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| Forex Trading: USDJPY Wanders Toward Trendline Support At 83.21 Area In Quiet Trading Posted: 14 Feb 2011 08:03 AM PST The USDJPY is wandering lower in quiet NY trading. The trendline support comes in at the 83.21 level. A move below that line comes in at 82.93. The 100 hour MA comes in at the 82.87 (blue line in the chart above).
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| Posted: 14 Feb 2011 02:55 AM PST 02/14/11 Following the resignation of Hosni Mubarak in Egypt, front month crude prices reversed recent gains as geopolitical tensions … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – Dollar Mixed Vs. Rivals As Obama Outlines 2012 Budget Posted: 14 Feb 2011 07:54 AM PST Forex Pros – The U.S. dollar was mixed against its major counterparts on Monday, after U.S. President Barack Obama said his 2012 budget was a “down payment” on what was needed to get the U.S. on a strong fiscal path. During European late afternoon trade, the greenback was up against the euro, with EUR/USD shedding 0.64% to hit 1.3462. Earlier in the day, media outlets reported that ailing German lender WestLB could be preparing to outline a government-supported restructuring plan before the … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| WSJ Forecasting Survey: 2.1% Inflation In 2011 Posted: 14 Feb 2011 07:52 AM PST The WSJ Economic Forecasting Survey was released today, and based on the consensus average of more than 50 economists and forecasters, CPI inflation in December 2011 will be 2.1%, real GDP growth will be 3.5% in 2011, and the unemployment rate in December will be 8.6%. … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Megaworld Corporation (MEG) Poised For Another 10% Drop Posted: 14 Feb 2011 07:43 AM PST 2010 was a marquee year for Andrew Tan's flagship company Megaworld Corporation or MEG in the Philippine Stock Exchange as it was able to book a 69.86%. However, MEG's outlook had started to look a bit bleak around December as it started to form a head and shoulders pattern which technical analysts consider as a bearish pattern. In my presentation in Absolute Traders' year-end chart analysis forum last December, I noted that people should start to avoid MEG at that mean time given its … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – GBP/USD Remains Under Pressure As Euro Debt Woes Weigh Posted: 14 Feb 2011 07:41 AM PST Forex Pros – The pound edged lower against the U.S. dollar on Monday, amid an absence of economic data ahead of the release of January inflation figures for the U.K. on Tuesday and as broad euro weakness hit sentiment. GBP/USD hit 1.5981 during European late afternoon trade, the daily low; the pair subsequently consolidated at 1.5993, dipping 0.07%. Cable was likely to find support at 1.5962, Friday's low and a two-week low and resistance at 1.6112, Friday's high. Earlier in the day, … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Opening Bell Market Monitor: SATS, HUGH, GE Posted: 14 Feb 2011 02:33 AM PST 02/14/11 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
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| Bear Season In The S&P 500 & Oil Posted: 14 Feb 2011 07:32 AM PST Mr. Market has had an appetite for S&P 500 bears for several months now. In each instance in which the bears think they are going to get away, Mr. Market draws up his high powered rifle and drops the bears just before they can comfortably return to their caves. Just when the bears think they have escaped and are home free, Mr. Market reminds them who is in charge.
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| Quiet Start For Bonds Sees Rising Yields Posted: 14 Feb 2011 07:32 AM PST Global bonds are a little weaker in early trading despite signs of a lackluster start for North American equity trading. Bonds rose earlier as the single European currency fell sharply over signs that at the start of a two-day meeting among the region’s finance ministers, divisions remain deeper-seated than many onlookers had convinced themselves.
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| Eurozone Risks Rise Back To The Top Of The Agenda Posted: 14 Feb 2011 07:29 AM PST A resurgence of pessimism over prospects for debt-reduction agreements has sent the euro to its weakest in three weeks and ahead of two-day talks between Eurozone finance officials. The euro is sharply lower following the weekend sparked by a whole new wave of discontent from several members who see things differently from their partners. The reaction has reversed risk sentiment sharply in the opposite direction causing several currencies to quickly retrace their tracks.
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| Forex – EUR/USD Trims Losses Ahead Of EU Fin Min Meeting Posted: 14 Feb 2011 07:26 AM PST Forex Pros – The euro trimmed losses against the U.S. dollar on Monday, but remained under pressure ahead of a meeting of European finance ministers to discuss strengthening the euro zones EUR440 billion rescue fund. EUR/USD clawed back up from1.3429, the pair's lowest since January 20, to hit 1.3484 during European late afternoon trade, shedding 0.46%. The pair was likely to find support at 1.3367, the low of January 19 and resistance at 1.3558, the day's high. The euro's earlier … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| John Wood Group Agrees Sale Of Well Support Division To GE Posted: 14 Feb 2011 01:43 AM PST Energy services company John Wood Group (LON:WG.) has agreed a deal to sell its Well Support division to GE for $2.8 billion in cash. The John Wood Group share price rose by 13.5% to 649.5p on the news, as investors warmed to the detail of the deal, which will see at least $1.7 billion returned to shareholders. Wood Group said the selling price recognised the strong performance and future prospects of the Well Support division and its success in building the division's differentiation and … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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