Monday, March 28, 2011

DailyMarkets.com - Fitch Upgrades TECO, Subsidiary

DailyMarkets.com - Fitch Upgrades TECO, Subsidiary

Fitch Upgrades TECO, Subsidiary

Posted: 28 Mar 2011 12:05 PM PDT

Recently, Fitch Ratings upgraded the investment ratings for TECO Energy Inc. (NYSE:TE) and its subsidiary Tampa Electric Co. on account of better financial performance which came on the back of a significant reduction in the companies' debt levels along with improved rates.
Fitch Ratings has now moved to an issuer default rating of BBB from BBB- for TECO, and upgraded Tampa Electric's rating to BBB+ from BBB. Fitch also upgraded Tampa Electric’s senior unsecured and pollution control revenue … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Long-Term Data On Amgen’s Prolia

Posted: 28 Mar 2011 12:05 PM PDT

Amgen (NASDAQ:AMGN) recently presented encouraging long-term data on Prolia. Results from a long-term study showed that postmenopausal women with osteoporosis continued to experience statistically significant, year-over-year increases in lumbar spine and total hip bone mineral density (BMD) during the fourth and fifth years of treatment with Prolia.
Detailed Data
Data from the FREEDOM (Fracture REduction Evaluation of Denosumab in Osteoporosis every 6 Months) study showed that women taking Prolia … [visit site to read more] or compare Best Credit Cards and Best CD Rates

China Pays More To Remain Clean

Posted: 28 Mar 2011 12:05 PM PDT

Procter and Gamble Co (NYSE:PG) along with Unilever Plc. (NYSE:UL) has announced that they will raise prices of soap and detergent that are sold to China. This action by the two big Consumer goods giants brings to our notice the challenges that the Beijing government would further face to curb inflation in the country.
China has been facing the chronic problem of inflation for over last one year. The government has been taking several steps to control the hyperinflation through several monetary and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Goodyear Sees Higher Capex

Posted: 28 Mar 2011 12:05 PM PDT

Goodyear Tire & Rubber Co. (NYSE:GT) announced that it expects to make capital expenditures of $1.1 billion–$1.3 billion in 2012 and 2013. This is up slightly from $1.1 billion–$1.2 billion in 2011.
Of the total capex, $500 million–$600 million will be spent on modernizing and expanding plants as well as on new construction every year. In 2010, the company's capital expenditures were $944 million, up from $746 million in the previous year.
The enhanced capex is aimed at boosting tire … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Wet Seal Outpaces Ests

Posted: 28 Mar 2011 11:35 AM PDT

Wet Seal Inc. (NASDAQ:WTSLA), a leading specialty retailer, reported fourth quarter and full year 2010 financial results. The company reported earnings of 7 cents a share which surpassed the Zacks Consensus Estimate of 4 cents by 75%. Earnings also outpaced the prior year's profit of 6 cents a share.
Net sales for the quarter grew 9.6% year over year to $165.5 million. Consolidated comparable-store sales increased 2.3% during the quarter.
Net sales of the Wet Seal segment surged 9.5% to $138.7 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

WAG To Prosper With Online Retailer

Posted: 28 Mar 2011 11:35 AM PDT

Walgreen (NYSE:WAG), one of the largest retail pharmacy chains in the US has decided to acquire online retailer drugstore.com for a total enterprise value of $409 million. Stockholders of the online retailer, with more than $456 million in sales in 2010, will receive $3.80 in cash for each share, representing a 102% premium over its 30-day average closing price.
The transaction, subject to regulatory approvals, will close by the end of June 2011. Walgreen expects the deal to dilute its earnings by … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Green Signal For SO Nuclear Project

Posted: 28 Mar 2011 11:25 AM PDT

The Nuclear Regulatory Commission (NRC) of the U.S. has approved Southern Company's (NYSE:SO) proposal to set up two new nuclear reactors at the Vogtle nuclear station in Georgia. As per the review reports of the Commission, the Vogtle projects does not pose a threat to the environment.
However, NRC must still clear the safety evaluation report on the project and will issue the license based on voting by the five-member commission during the fourth quarter of 2011. Following the final green … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Resource Capital To Offer Shares

Posted: 28 Mar 2011 11:25 AM PDT

Resource Capital Corp. (NYSE:RSO), a real estate investment trust (REIT) that invests in commercial real estate debt and other commercial finance assets, has recently announced an equity offer of 6 million shares at $6.90 each to raise cash and increase its liquidity. The company has also grant the underwriters an option to purchase an additional 0.9 million shares to cover any over-allotments.
Resource Capital anticipates raising gross proceeds of approximately $41.4 million from the secondary … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Hot Option Plays: Market At Point Of Indecision

Posted: 28 Mar 2011 11:18 AM PDT

Cusick's Corner
The market is at a point of indecision, especially with the market digesting quite a move to the upside, hitting resistance at the very point in February where there was a glut of congestion and finally the lack of volume. Also the proverbial Canary in the coal mine is chirping, see Copper (JJG/HGM11), which is a little perplexing with the markets moving along so well. With the market short-term over bought and the fact that there is continued movement in Finance and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – AUD/USD Up In U.S. Trade

Posted: 28 Mar 2011 11:15 AM PDT

Forex Pros – The Australian Dollar was higher against the U.S. Dollar on Monday.

AUD/USD was trading at 1.0274, up 0.14% at time of writing.

The pair was likely to find support at 1.0065, Wednesday's low, and resistance at 1.0314, today's high.

Meanwhile, the Australian Dollar was up against the Euro and the Japanese Yen, with EUR/AUD shedding 0.15% to hit 1.3712 and AUD/JPY rising 0.60% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Quicksilver Disperses Committee

Posted: 28 Mar 2011 11:05 AM PDT

Quicksilver Resources Inc.’s (NYSE:KWK) board announced that it will discontinue with the operation of the transaction committee as the company's private takeover bid has been withdrawn. The bid was initiated by the family group, which owns 30% of the Quicksilver stock.
Quicksilver’s board had formed this committee comprising independent directors to evaluate a potential transaction or other possibilities that might have been proposed by the family.
However, the family decided against carrying … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Hologic Product Gets Euro Appro

Posted: 28 Mar 2011 11:05 AM PDT

In a positive development for Hologic’s (NASDAQ:HOLX) breast health segment, the European Reference Organization (EUREF) Council for Quality Assured Breast Screening and Diagnostic Services has recently awarded Hologic's Selenia Dimensions 2D digital mammography system with its 'EUREF Mammographic Type Test' certification. Earlier the company received another EUREF approval for its Selenia digital mammography system.
Hologic with its breast health product line is presently focusing on … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bullish On Perrigo

Posted: 28 Mar 2011 11:05 AM PDT

We have maintained our Outperform recommendation on Perrigo Company (NASDAQ:PRGO) with a target price of $87.00 on the back of impressive second quarter 2011 financial results.
Perrigo reported earnings per share of $1.05 for the second quarter of fiscal 2011, easily beating the Zacks Consensus Estimate of 95 cents and the year-earlier earnings of 73 cents. Results were driven by a solid top-line and gross margin performance.
Second quarter revenues increased 23% over the prior year to $718 million. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: EUR/USD At Key Level For Possible Failure Near 1.41062

Posted: 28 Mar 2011 10:52 AM PDT

The EUR/USD is at a key level for possible failure near the 100MA (green line) 1.41062. Following the Fibonacci from the high on March 22 to the current low today, the pair has since bounced back to the 38.2% retracement area at 1.41069. The two levels combine to form a strong area of resistance which may lead to the pair failing to move higher. If this is the case, a return to the session low at 1.40200 may take place. Below this level is a major level of support near 1.40008 (red line). … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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

Posted: 28 Mar 2011 10:45 AM PDT

Forex Pros – The New Zealand Dollar was higher against the U.S. Dollar on Monday.

NZD/USD was trading at 0.7535, up 0.001% at time of writing.

The pair was likely to find support at 0.7376, Wednesday's low, and resistance at 0.7575, Friday's high.

Meanwhile, the New Zealand Dollar was down against the Australian Dollar and the Euro, with AUD/NZD gaining 0.16% to hit 1.3638 and EUR/NZD rising 0.02% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Roche’s Lucentis Does It Again

Posted: 28 Mar 2011 10:40 AM PDT

Roche Holding Ltd. (RHHBY) recently reported positive data from a late-stage study (RIDE) of its eye drug Lucentis. The study is evaluating the safety and efficacy of the drug for treating patients suffering from diabetic macular edema (DME).
DME leads to swelling of the retina, in patients with type I or type II diabetes. The disease can cause blurred vision, severe vision loss, and, at times blindness.
Data from the 24 month trial demonstrated that 33.6% of the patients who were on 0.3 mg … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Ford Idles Belgian Plant

Posted: 28 Mar 2011 10:40 AM PDT

Ford Motor Co. (NYSE:F) revealed that it will idle its plant in Genk, Belgium, for 5 days starting April 4 in order to avoid shortage of parts supplied by Japanese manufacturers. The automaker had initially planned to idle the plant from May due to some other reason.
However, the company has decided to idle it earlier following the earthquake and tsunami in Japan on March 11. The plant manufactures Mondeo sedans and Galaxy and S-Max minivans.
Automakers around the world are facing parts shortage … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Earnings Preview: Lindsay Corp.

Posted: 28 Mar 2011 10:35 AM PDT

Lindsay Corporation (NYSE:LNN) is slated to release its second quarter fiscal 2011 results on Wednesday, March 30, 2011. The current Zacks Consensus Estimate for the second quarter is 71 cents, representing a 122% annualized growth.
With respect to earnings surprise, over the trailing four quarters, Lindsay fell short of the Zacks Consensus Estimate in the fiscal first quarter of 2011. In the fourth and third quarters of fiscal 2010, Lindsay outperformed the Zacks Consensus while earnings in the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Contrarian Traders Eye Call Options On Walter Investment Management Corp.

Posted: 28 Mar 2011 10:34 AM PDT

Contrarian traders eye call options on Walter Investment Management Corp.
Today’s tickers: WAC, XLE, HIG & LLNW
Walter Investment Management Corp. (WAC) – Shares in the mortgage servicer and investor dropped 12.9% today to touch down at an intraday low of $16.80 on news the company is buying Green Tree for $1.065 billion including debt. Walter Investment Management Corp. will no longer qualify as a real estate investment trust after the deal closes. The sharp decline in Walter’s shares … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Euro Rebounds To Start Week

Posted: 28 Mar 2011 10:30 AM PDT

03/28/11 The euro currency rebounded this afternoon against the US dollar on growing risk appetite from strong econoimc data and commentary from the ECB president Jean … [visit site to read more] or compare Best Credit Cards and Best CD Rates

ABB’s Tech For Deepest Power Link

Posted: 28 Mar 2011 10:05 AM PDT

ABB Ltd.'s (NYSE:ABB) high-voltage direct current (HVDC) technology has been employed in Italy's Sapei interconnection, the world's deepest undersea power cables for transmission of electricity. The transmission link has been built by Terna SpA, a power transmission operator, 1,640 meters below the surface of the Tyrrhenian Sea.
With a voltage rating of 500 kilovolts (kV), highest to be used in Italy's transmission system, the interconnection improves transmission efficiency. High-voltage … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Verizon To Extend 4G Coverage

Posted: 28 Mar 2011 10:00 AM PDT

Verizon Wireless, a joint venture between Verizon Communications Inc. (NYSE:VZ) and Vodafone Group plc (NYSE:VOD), plans to extend its Long-Term Evolution (LTE) based 4G networks in Dayton and Springfield by the end of this year.
The company started deploying its high-speed LTE network in December 2010, with average download speed more than five-times faster than its 3G network. Verizon covered approximately 39 markets with around 110 million people at year-end 2010. The company plans to expand its … [visit site to read more] or compare Best Credit Cards and Best CD Rates

NVIDIA Bolsters GeForce

Posted: 28 Mar 2011 10:00 AM PDT

Largest graphics card manufacturing company NVIDIA Corporation (NASDAQ:NVDA) recently announced the launch of GeForce GTX 590, the fastest and quietest dual graphics card. This new graphics card provides enhanced performance, with the use of dual NVIDIA Fermi-class GPUs, specially designed for gaming enthusiasts and those interested in the PC gaming circle.
The technical specifications of the product are quite impressive, having 1024 NVIDIA CUDA architecture cores, with 3GB memory, 6 billion … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Down In U.S. Trade

Posted: 28 Mar 2011 10:00 AM PDT

Forex Pros – The British Pound was lower against the U.S. Dollar on Monday.

GBP/USD was trading at 1.6016, down 0.16% at time of writing.

The pair was likely to find support at 1.5938, today's low, and resistance at 1.6382, Wednesday's high.

Meanwhile, the British Pound was down against the Euro and up against the Japanese Yen, with EUR/GBP gaining 0.24% to hit 0.8803 and GBP/JPY rising 0.31% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

European Markets Mixed At Close; Dax Down 0.11%

Posted: 28 Mar 2011 09:55 AM PDT

Forex Pros – European stocks were mixed after the closing bell on Monday.

At the close of European trade, Germany's DAX fell 0.11%, London's FTSE 100 gained 0.06%, France's CAC 40 climbed 0.12% and the EURO STOXX 50 was up 0.12%.

Meanwhile, on Wall Street, equity markets were up after the open. The Dow Jones Industrial Average was up 0.17%; the S&P 500 index gained 0.16%, while the Nasdaq 100 index climbed … [visit site to read more] or compare Best Credit Cards and Best CD Rates

AT&T Brings 4G To Cincinnati

Posted: 28 Mar 2011 09:35 AM PDT

The second largest provider of wireless services in North America, AT&T Inc. (NYSE:T) has announced its network enhancement program to facilitate 4G wireless speeds in Greater Cincinnati, Ohio.
The upgrade program is incorporated in the company's 2011 $19 billion capital investment in its wireless and wireline networks and other capital projects.
AT&T has already invested $1.4 billion through 2008–2011 in the Ohio region, of which $70 million forms a part of the Cincinnati network … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Hungary Central Bank Holds Policy Rate At 6.00%

Posted: 28 Mar 2011 09:24 AM PDT

The Magyar Nemzeti Bank maintained benchmark base rate unchanged at 6.00%. Hungary reported consumer price inflation of 4.1% in February, up slightly from 4.0% in January, and above the official inflation target of 3.0%. The Bank noted that “To reach the target, the current interest rate level may need to be sustained for an extended period,”. The Bank also commented “If incoming data suggest a greater pass-through from the cost shocks, it may be necessary to tighten current monetary conditions … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – Dollar Turns Lower Against Most Rivals, Euro Boosted After Trichet

Posted: 28 Mar 2011 09:18 AM PDT

Forex Pros – The U.S. dollar was down against most of its major counterparts on Monday, after European Central Bank President Jean-Claude Trichet reiterated his tough stance about inflation, reinforcing expectations for a near-term rate hike by the ECB.

During U.S. morning trade, the greenback was down against the euro, with EUR/USD climbing 0.14% to hit 1.4107 after European Central Bank President Jean-Claude Trichet said inflation rates remained "durably above its price stability … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Mauritius Central Bank Hikes Rate 50bps To 5.25%

Posted: 28 Mar 2011 09:18 AM PDT

The Bank of Mauritius raised its repo rate by 50 basis points to 5.25% from 4.75% due to rising inflation. Referring to a rising inflation rate the Bank said “In the light of this and the expected narrowing of the output gap, the MPC considered it important to start the process of normalizing the key policy rate,”. Mauritius reported inflation of 6.8% in February, compared to the Bank’s previous forecast that inflation will rise to 7% in June. The Bank expects the economy to grow 4.6% this … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Gold Price Consolidating Near Record Highs

Posted: 28 Mar 2011 09:13 AM PDT

Physical demand for gold and silver is strong as investors seek protection of wealth against uncertainty in the Middle East. It has already been reported that Col. Qaddafi has been a wise gold investor, preparing for this crisis by hoarding a large amount of the precious metal to fund his military and to hedge against economic sanctions. Just like he's been hoarding precious metals, many throughout the Middle East are trying to sell their assets and seek out the shelter of safe havens. It is … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Pioneer Cuts Volume Forecast

Posted: 28 Mar 2011 09:05 AM PDT

Pioneer Natural Resources Company (NYSE:PXD) lowers its production guidance for the first quarter of 2011 to reflect severe weather impacts on its operations during the first half of the quarter.
The company slashed its first quarter output target to a range of 111–113 thousand barrels of oil equivalent per day (MBoe/d) from its previous expectation of 114–118 MBoe/d, after assessing the impact of severe weather-related downtime during the first half of February 2011. However, management … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Personal Income, Spending Rise

Posted: 28 Mar 2011 09:05 AM PDT

In February, Personal Income rose 0.3%, down from the 1.2% rise in January and a 0.5% increase in November. The increase was in line with the consensus expectation. Both January and December were revised higher. Previously the increase in December was thought to be 0.4% and for January 1.0%.

However, most of the increase was due to the 2.0% cut in the employee side of the payroll tax. Payroll taxes — and other contributions to social insurance — are counted as a subtraction from personal … [visit site to read more] or compare Best Credit Cards and Best CD Rates

NCR Corp. Keeps Entertaining

Posted: 28 Mar 2011 09:05 AM PDT

Technology solutions provider NCR Corp. (NYSE:NCR) will now offer DVD-vending machines to the CD, DVD and video game retailers, as part of its attempt to capture a big share of the DVD-Kiosk market. Retailers will be able to sell movie discs, video games and music CDs through these machines under their own names.
The latest marketing strategy will allow NCR Corp. to free up space in its stores by making more DVD-Kiosks accessible to customers. In this DVD-Kiosks market, NCR Corp. trails the ace … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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

Posted: 28 Mar 2011 09:00 AM PDT

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

EUR/USD was trading at 1.4103, up 0.12% at time of writing.

The pair was likely to find support at 1.4022, Monday's low, and resistance at 1.4220, Thursday's high.

Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.24% to hit 0.8803 and EUR/JPY rising 0.52% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Checking On SP500 Diverging Breadth And Current Structure March 28

Posted: 28 Mar 2011 08:57 AM PDT

What is the current "hidden" picture of market strength or weakness from the perspective of Market Breadth?  Not good, for one.
Let's take a look at NYSE Market Breadth in terms of the current snap-rally and what levels are important to watch.
First, the bigger "breadth" picture from the 30-min chart:

What we're seeing is the S&P 500 and NYSE market Breadth (number of advancing issues minus declining issues) on a color indicator.
Starting with the left side of the chart, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Eases Off 7-week Low, Growth Worries Weigh

Posted: 28 Mar 2011 08:46 AM PDT

Forex Pros – The pound trimmed losses against the U.S. dollar on Monday, pulling back from the lowest level in seven weeks following comments made by Bank of England Monetary Policy Committee member Andrew Sentence, however worries over the pace of the U.K. economic recovery weighed.

GBP/USD hit 1.5936 during U.S. morning trade, the pair's lowest since January 31; the pair clawed back to subsequently consolidate at 1.6009, dipping 0.2%.

The pair was likely to find support at 1.5819, the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Innovative Ways By Synopsys

Posted: 28 Mar 2011 08:35 AM PDT

Electronic design automation company Synopsys Inc. (NASDAQ:SNPS) recently announced that Freescale Semiconductor has licensed its DesignWare IP for Freescale’s system-on-chip designs. Freescale Semiconductor specializes in automotive, consumer, industrial and networking markets.
This multi-year agreement gives the semiconductor company access to Synopsys’ broad portfolio of DesignWare interface and analog IP such as USB, HDMI, PCI Express, SATA, and MIPI interfaces, as well as data converters, audio … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Eating Bitterness

Posted: 28 Mar 2011 08:33 AM PDT

My title is a Chinese expression that I read in a recent WSJ China Real Time Report. A synonym is "endure suffering." That article was about how the Chinese financial system is a stacked deck for the high-saving Chinese earning very low, even negative in real terms, rates of interest on their bank deposits. Their deposits exceed their bank loans by a large margin, and they lose money (purchasing power) on each net Yuan deposited.
This caught my attention because I had just written my … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Turns Higher After Hawkish Trichet Comments

Posted: 28 Mar 2011 08:26 AM PDT

Forex Pros – The euro turned higher against the U.S. dollar on Monday, rebounding from a six-day low after European Central Bank President Jean-Claude Trichet reiterated his tough stance about inflation.

EUR/USD hit 1.4019 during European afternoon trade, the pair's lowest since March 18; the pair subsequently clawed back to consolidate at 1.4108, gaining 0.16%.

The pair was likely to find support at 1.3979, the low of March 18 and resistance at 1.4194, Friday's high.

Earlier in the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Earnings Scorecard: FedEx

Posted: 28 Mar 2011 08:25 AM PDT

FedEx Corporation (NYSE:FDX), the world’s second-largest package delivery company, reported third quarter 2011 results on March 17. Adjusted earnings of 81 cents per share slipped by a penny but was a nickel above the year-ago earnings. Though slightly below the Zacks Consensus Estimates, the company's guided figures for the fourth quarter and fiscal 2011 are encouraging.
Third Quarter Review
Lower-than-expected earnings were due to lower shipping volume and increased costs. Additionally, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Sinopec: Profit Ups, Misses Ests.

Posted: 28 Mar 2011 08:25 AM PDT

China Petroleum and Chemical Corporation (NYSE:SNP), aka Sinopec, reported its full-year 2010 earnings per share of 0.808 yuan ($11.92 per ADS), up 12.5% year over year. However, full-year earnings fell short of the Zacks Consensus Estimate of $12.41. Net income increased 11.6% from the 2009 level to 68.3 billion yuan (US$10.1 billion). The increase can be attributable to strong oil products demand as well as rising prices of crude oil and oil products.
Operational Performance
Sinopec's crude … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Edwards To Enter S&P 500

Posted: 28 Mar 2011 08:20 AM PDT

A leading player in the field of heart valves and hemodynamic monitoring, Edwards Lifesciences (NYSE:EW), will be included in the S&P 500 index from April 1, 2011. Following this positive announcement, shares of the company edged up by 3.63% to close at $88.50 last Friday. The company believes that its solid performance over the past few quarters led to its inclusion in this august category.
Edwards in one of the leading players in the field of heart valve therapy which accounted for 59% of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Outlook Improves For Dejour’s Gibson Gulch Property

Posted: 28 Mar 2011 08:20 AM PDT

Steven Ralston, CFA
Outlook improves for Dejour's Gibson Gulch property

Dejour (DEJ) has a 72% working interest of 2,200 gross acres (or 1,585 net acres) in the Gibson Gulch area of the Williams Fork sandstone formation located in Colorado. The acreage is immediately adjacent to the producing properties in the Kokopelli Field, owned by Williams Companies (WMB) and Bill Barrett Corporation (BBG).

The value of Dejour's Gibson Gulch property in the Piceance Basin gained further credibility … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Neutral On GOL Linhas

Posted: 28 Mar 2011 08:20 AM PDT

We recently reiterated our Neutral recommendation on Brazil's largest low-fare airline operator, GOL Linhas Aereas Inteligentes S.A. (NYSE:GOL). The company surpassed 160.5 million passenger mark in the fourth quarter of 2010, since beginning its operations in 2001.
The company’s low-cost airline provides services in the major cities of Brazil as well as those in Argentina, Bolivia, Chile, Paraguay, Peru and Uruguay. GOL Linhas has been continuously increasing the frequency of its flights to the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

T. Rowe Price Lowered To Neutral

Posted: 28 Mar 2011 08:20 AM PDT

Based on rising operating expenses and regulatory headwinds, we have downgraded our recommendation on T. Rowe Price Group Inc. (NASDAQ:TROW) to Neutral from Outperform.
T. Rowe Price's fourth quarter 2010 earnings came in at 72 cents per share, significantly up from 57 cents reported in the prior-year quarter. Higher-than-expected top-line growth and higher assets under management (AUM), partially offset by higher operating expenses, resulted in improved performance. The quarter's earnings also … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Earnings Scorecard: Nike

Posted: 28 Mar 2011 08:20 AM PDT

On March 17, 2011, Nike Inc. (NYSE:NKE), a sporting goods retailer, posted its third-quarter 2011 results. Street analysts had more than a week to ponder on the news.
In the paragraphs that follow, we cover the recent earnings announcement, subsequent analysts’ estimate revisions as well as the Zacks Rank and long-term recommendation for the stock.
Quarterly Review
Nike posted strong fiscal 2011 third-quarter earnings of $1.08 per share, up 7% from the year-ago earnings of $1.01 per share. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stock Market Summary For Monday, March 28, 2011 Special Alert SH, PSQ, RWM

Posted: 28 Mar 2011 08:19 AM PDT

We are going to add intra-day to our watch list additional positions in the ProShares Short S&P Fund (symbol: SH) at $41.49, the ProShares Short QQQ Fund (symbol: PSQ) at $32.83, and Short Russell 2000 Fund (symbol: RWM) at $30.08. We now have three positions in each of these ETFs in our watch … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Canadian Dollar: Caution

Posted: 28 Mar 2011 08:18 AM PDT

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Australian Dollar: Under Pressure

Posted: 28 Mar 2011 08:18 AM PDT

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CAD Falls To Daily Low As Higher Oil Prices Weigh

Posted: 28 Mar 2011 08:13 AM PDT

Forex Pros – The U.S. dollar was down against its Canadian counterpart on Monday, slumping to a daily low as crude oil, Canada's largest export, remained well supported by ongoing unrest in the Middle East and Libya.

USD/CAD hit 0.9742 during U.S. morning trade, a daily low; the pair subsequently consolidated at 0.9749, dropping 0.63%.

The pair was likely to find support at 0.9709, the low of March 14 and resistance at 0.9826, Friday's high.

Crude oil contracts for delivery in May were … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Silver Bounces From 36.40; 37.20 Is Key Resistance Pivot

Posted: 28 Mar 2011 08:04 AM PDT

Weekly Silver Update – A Correction Swing Targets 36.40-36.50 (3/25)
Silver (XAG/USD)
Short to Medium Term
- Silver reached the 36.41, as anticipated Friday. The 1H chart shows the market bouncing with a strong attempt suggested by the strong 1H candle before the current candle was spooked at 37.00. Although we anticipated the support level correctly, it does not necessarily mean the market will rally from here.
- We need to see the market break above the 37.20 pivot to consider the bullish … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Rising Appetite For Risk Dampens Bonds

Posted: 28 Mar 2011 07:59 AM PDT

Yields are higher as investors react to what many in the market view as a hawkish stance from several Fed members. One of the leading proponents of the second round of quantitative easing, James Bullard said in a weekend speech that the Fed should closely examine existing stimulus at the April meeting. This and words of wisdom from other members have investors lining up their thought processes so far as what specific steps might make up an eventual exit from the prevailing accommodative … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Crude Falls Below $105

Posted: 28 Mar 2011 07:45 AM PDT

03/28/11 Front month crude prices fell to trade below $105 a barrel today after Libyan rebels were able to retake control of oil ports in two key … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Crude Falls Below $105

Posted: 28 Mar 2011 07:45 AM PDT

03/28/11 Front month crude prices fell to trade below $105 a barrel today after Libyan rebels were able to retake control of oil ports in two key … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – Dollar Mixed Vs. Major Rivals After Flurry Of U.S. Data

Posted: 28 Mar 2011 07:35 AM PDT

Forex Pros – The U.S. dollar was mixed against its major counterparts on Monday, after the release of government data on consumer spending and an industry report on pending home sales. 

During U.S. morning trade, the greenback was down against the euro, with EUR/USD easing up 0.07% to hit 1.4096 after European Central Bank President Jean-Claude Trichet said inflation rates remained "durably above its price stability target".

Meanwhile, the greenback was up against the pound, with … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Gold Resolves Bearish Divergence With 50% Fibo Retracement

Posted: 28 Mar 2011 07:34 AM PDT

Weekly Gold Update – Impulse Wave Complete with Bearish Divergence (3/25)
Gold (XAU/USD)

Short to Medium Term
- Gold was seen in a bearish divergence completing an impulse wave to end last week. This suggested a correction before another bull run.
- So far the market has retraced 50% near 1415 as anticipated in the previous post. It can extend lower towards 1406 (61.8% retracement).
- A break below 1405 however threatens the bullish outlook and suggests range trading.
- The daily chart … [visit site to read more] or compare Best Credit Cards and Best CD Rates

2010 Earnings Fall Short For China Construction Bank

Posted: 28 Mar 2011 02:30 AM PDT

03/28/11 China’s largest mortgage lender, China Construction Bank Corp (CCB), reported 2010 earnings that missed expectations while recording a large impairment … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Fortune Oil Agrees Gas Supply Deal In China’s Liaoning Province

Posted: 28 Mar 2011 02:30 AM PDT

Fortune Oil (LON:FTO), the Hong Kong based group that invests in Chinese oil and gas supply and infrastructure projects, has agreed a deal that should boost the amount of gas it supplies in Liaoning Province. The company is set to acquire a 51% stake in Liaoning Jingrun Natural Gas Ltd, which owns a 30 year concession to build and operate a spur pipeline supplying natural gas to serve the ceramics industrial park in the county of Jianping. The high energy requirements of the ceramics industry … [visit site to read more] or compare Best Credit Cards and Best CD Rates
at

No comments:

Post a Comment