DailyMarkets.com - OGE Energy In Neutral Lane

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• OGE Energy In Neutral Lane
• OGE Energy In Neutral Lane
• Colonial Properties Acquires Assets
• Pipeline Setback For Targacept
• Dover-Sound Solutions Deal Delayed
• Sheraton To Spearhead Starwood
• ICE Goes For Swap Clearing In April
• Time Warner Cable Looks For LTE
• DDR Committed For Risk Management
• WESCO Acquires RECO LLC
• Leap Wireless Enhances Offerings
• Apple’s Mixed Fortunes At ITC
• Wells Fargo Halts Debit Rewards
• Kinross Gets Pre Approval For Kupol
• Optimer Drug To Face FDA Panel
• Great Wolf Trims Assets
• Limited Brands In Neutral Lane
• Forex – USD/JPY Up During Asian Trade
• Regeneron Seeks FDA Approval
• GM Reopens Shreveport Plant
• Pitney-Second Decimal Team Up
• Automotive Industry Faces Supply Chain Worries
• Siemens Wins KEPCO Order
• Ocala Case Against BofA To Continue
• Goldcorp Plans Organic Growth
• Forex – NZD/USD Up In Asian Trade
• Hot Option Plays: Inflation Is On The Brain
• Netflix Streaming Is Delayed
• The Day Ahead: The Day Ahead: US Consumer Confidence, S&P Case-Shiller HPI, German CPI, UK 4Q GDP
• Watson Pharma Loses Lawsuit
• Australia OKs HeatWare Device
• Research In Motion Buys TinyHippos
• Nat Gas Inventories Fall In Line
• Brown To Repurchase Shares
• Earnings Scorecard: Lululemon
• Rating Action On Genworth Notes
• Evergreen Solar Remains Neutral
• Trade Ideas For Tuesday, March 29
• D&B Unveils Free Search Tool
• Closing Bell Market Monitor: T, WLT, BUD, GSIC
• Earnings Preview: Lennar Corp.
• EIA: Gasoline Stocks Dip Sharply
• Harso’s Multi-Discipline With Tata
• DELL Grows By BRIC Building
• Risk-Reward Balances Macy’s
• Hercules Upgraded To Neutral
• And Yet…?
• Nabors Stays Neutral
• OraSure Files For CLIA Waiver
• EIA: Gasoline Stocks Dip Sharply
• BMY’s Cancer Drug Cleared In The US
• Forex – EUR/USD Up At The End Of U.S. Session
• Brightpoint Downgraded To Neutral
• Forex – USD/JPY Up Toward The End Of U.S. Session
• Canadian Pacific Invests In Dakota
• Merck Drops Out Of Portola Deal
• Sysco Stronger In New York
• Lockheed Martin Opens Test Center
• Caterpillar Wins Iraq Contract
• Forex – EUR/USD Up Toward The End Of U.S. Session
• U.S. Markets Close Lower; Dow Jones Down 0.19%
• HP’s New Age Servers
• Pulte Terminates Credit Facility
• Earnings Scorecard: Guess? Inc.
• PKX’s Foothold In Chinese Auto Market
• Atmel’s MaXTouch For LG
• Alliance Data Signs Deal
• Forex – GBP/USD Down During The U.S. Session
• Patterson-UTI Shares Climb Further
• Forex – USD/CAD Down In U.S. Trade
• Forex – EUR/USD Up In U.S. Trading Hours
• Philip Morris: Disaster Not Likely To Affect 2011 Profits In Japan

OGE Energy In Neutral Lane Posted: 28 Mar 2011 05:25 PM PDT We maintain our Neutral recommendation on OGE Energy Corporation (NYSE:OGE), the largest electric utility in Oklahoma with well-positioned regulated utility and unregulated midstream gas businesses. Going forward, the company offers stable regulated utility businesses, operates in a strong Oklahoma economy, has a bias towards fixed fee in its unregulated natural gas business, offers a high dividend yield and employs ongoing infrastructure improvement programs. All of the above positives have … [visit site to read more] or compare Best Credit Cards and Best CD Rates

OGE Energy In Neutral Lane Posted: 28 Mar 2011 05:25 PM PDT We maintain our Neutral recommendation on OGE Energy Corporation (NYSE:OGE), the largest electric utility in Oklahoma with well-positioned regulated utility and unregulated midstream gas businesses. Going forward, the company offers stable regulated utility businesses, operates in a strong Oklahoma economy, has a bias towards fixed fee in its unregulated natural gas business, offers a high dividend yield and employs ongoing infrastructure improvement programs. All of the above positives have … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Colonial Properties Acquires Assets Posted: 28 Mar 2011 05:25 PM PDT Colonial Properties Trust (NYSE:CLP) has acquired a 341-unit Class A apartment community, Colonial Grand at Palm Vista, based in Las Vegas for $41.2 million. The transaction was funded by borrowings against its unsecured credit facility and proceeds from market offerings. The apartment complex is designed with striking architectural features, spacious floor plans and direct access to garages. The complex is near an apartment community, Colonial Grand at Desert Vista, which Colonial Properties … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Pipeline Setback For Targacept Posted: 28 Mar 2011 05:25 PM PDT Recently, Targacept Inc. (NASDAQ:TRGT) and partner AstraZeneca (NYSE:AZN) announced that their pipeline candidate TC-5619 fared disappointingly in a mid-stage study. The candidate, being developed for treating adults suffering from Attention Deficit Hyperactivity Disorder (ADHD), failed to meet the primary end-point. TC-5619 was evaluated in non-smokers aged between 18 to 65 years suffering from ADHD. Preliminary results from the study suggested that TC-5619 was not more effective than placebo after … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Dover-Sound Solutions Deal Delayed Posted: 28 Mar 2011 05:25 PM PDT Dover Corp. (NYSE:DOV) stated that its previously announced acquisition of the Vienna, Austria-based Sound Solutions business line of  NXP Semiconductors NV (NXPI) for $855 million has been delayed due to the request of additional briefings from non-U.S. and non-EU governmental antitrust regulators. All other closing conditions have been fulfilled, except for the above-mentioned review. Following the necessary clearances, the transaction is now expected to close in the second … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Sheraton To Spearhead Starwood Posted: 28 Mar 2011 05:05 PM PDT Starwood Hotels & Resorts Worldwide Inc. (NYSE:HOT) recently named its Sheraton brand as its largest and primary global growth driver. Beating all the other major Starwood brands, such as W and St. Regis, Sheraton currently has the longest stretch in the company's global pipeline with a 30% allotment. Notably, the brand leads the company's China portfolio, making it one of the largest international hotel operators in that country. Sheraton boasts a current portfolio of more than 400 hotels … [visit site to read more] or compare Best Credit Cards and Best CD Rates

ICE Goes For Swap Clearing In April Posted: 28 Mar 2011 04:40 PM PDT On Friday, IntercontinentalExchange Inc. (NYSE:ICE) announced its plan of clearing 13 freight swaps, including both dry and wet, along with an iron ore swap from April 18, 2011. These products will be launched through ICE Clear Europe. However, it is subject to regulatory approval. Over the past few quarters, ICE has been initiating new over-the-counter (OTC) contracts for trading and clearing over its futures platform in the rapidly developing spheres such as crude, refined oil, coal and other … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Time Warner Cable Looks For LTE Posted: 28 Mar 2011 04:40 PM PDT Bloomberg recently reported that Time Warner Cable Inc. (TWC) is in talks with Harbinger Capital Partners-backed LightSquared venture to provide high-speed 4G LTE services. LightSquared is currently deploying a nationwide wholesale LTE network. Nokia Siemens Networks, a joint venture between Nokia Corp. (NYSE:NOK) and Siemens AG (NYSE:SI), will install a LTE mobile broadband network for LightSquared with around 40,000 base stations that will cover 92% of the U.S. population by 2015. Since December … [visit site to read more] or compare Best Credit Cards and Best CD Rates

DDR Committed For Risk Management Posted: 28 Mar 2011 04:35 PM PDT Developers Diversified Realty Corporation (NYSE:DDR), a real estate investment trust (REIT), has recently pledged its commitment to risk management strategy with the formalization of its Enterprise Risk Management (ERM) Program. The ERM Program within the framework of the company identifies, prioritizes and manages critical risks for the fulfillment of its objectives and goals. ERM includes the methods and processes used by organizations to manage risks and capitalize on potential opportunities … [visit site to read more] or compare Best Credit Cards and Best CD Rates

WESCO Acquires RECO LLC Posted: 28 Mar 2011 04:35 PM PDT Last week, WESCO International Inc (NYSE:WCC) acquired RECO LLC, a Cincinnati-based distributor of industrial products for an undisclosed sum of money.) The acquisition is tiny compared to WESCO (RECO had sales of $25 million in its last fiscal year compared to WESCO's $5.1 billion). Also, while WESCO has hundreds of partners, RECO is a distributor of Siemens AG (NYSE:SI) products only. RECO does however, have six mid-western branches, which could be used by WESCO for the distribution of its … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Leap Wireless Enhances Offerings Posted: 28 Mar 2011 04:35 PM PDT Leap Wireless International Inc. (NASDAQ:LEAP) will offer innovative products in 2011. The low-cost wireless services provider is all set to introduce several Android-based mobile devices in 2011. Android mobile phone software is developed by Google Inc. (NASDAQ:GOOG) and at present is the most sought after operating system in global mobile devices market. In the upcoming summer, Leap Wireless will launch a 7-inch Android-based tablet called "ViewSonic" supporting Wi-Fi functions. However, the tablet … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Apple’s Mixed Fortunes At ITC Posted: 28 Mar 2011 04:35 PM PDT Apple Inc. (NASDAQ:AAPL) received a favorable preliminary judgment in a patent infringement case at the International Trade Commission (ITC) against Nokia Corp. (NYSE:NOK). The ITC judge ruled that Apple did not violate five cell phone patents that Nokia had complained of in December 2009. The commission, which hears patent cases involving imported products, has the authority of blocking imports of such products that violate U.S. patents. Nokia had alleged that Apple's iPhone, iPad and iPod infringed … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Wells Fargo Halts Debit Rewards Posted: 28 Mar 2011 04:35 PM PDT On Friday, Bloomberg reported that Wells Fargo & Company (NYSE:WFC) would stop offering debit card reward points to its new customers. While the change will be effective from April 15 for Wells Fargo customers, it has already taken effect from March 27 for Wachovia customers. Wells Fargo had acquired Wachovia in 2008. This is an attempt on Wells Fargo's part to reduce its losses from the cap on debit-interchange fees, as proposed by the Durbin Amendment. The change includes stand-alone … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Kinross Gets Pre Approval For Kupol Posted: 28 Mar 2011 04:35 PM PDT The Canadian mining company Kinross Gold Corporation (NYSE:KGC) received pre approval from the Russian commission to acquire the remaining 25% stake in the Chukotka Mining and Geological Company (CMGC), which is currently the owner of the Kupol Mine and Kupol East-West exploration licences in the Russian Federation’s Far East Region.  This will increase the stake of the company in the Kupol gold mine to 100% from 75%. Kinross will furnish further details upon completion of final … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Optimer Drug To Face FDA Panel Posted: 28 Mar 2011 04:35 PM PDT The new drug application (NDA) of Optimer Pharmaceuticals Inc.'s (NASDAQ:OPTR) lead pipeline candidate, fidaxomicin, is due to be reviewed by a US Food and Drug Administration (FDA) Advisory Committee on April 5, 2011. Fidaxomicin is an antibiotic for the treatment of clostridium difficile infection (CDI), the most common nosocomial or hospital-acquired diarrhea. The FDA decision on fidaxomicin is expected in May 2011. Optimer expects to launch the antibiotic in August 2011. We believe fidaxomicin … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Great Wolf Trims Assets Posted: 28 Mar 2011 04:35 PM PDT Great Wolf Resorts Inc. (NASDAQ:WOLF), North America's largest family of indoor waterpark resorts, recently completed the sale of its Blue Harbor Resort to Claremont New Frontier Resort LLC for $4.2 million. The 182-room resort is situated in Sheboygan, Wisconsin. Under the agreement, Great Wolf Resorts also paid $2.5 million to the City of Sheboygan, thereby getting rid of all obligations under the terms of its original agreements with the City. The obligations of minimum guaranteed amounts of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Limited Brands In Neutral Lane Posted: 28 Mar 2011 04:35 PM PDT Limited Brands Inc.'s (NYSE:LTD) sustained focus on cost containment, inventory management and merchandise initiatives has kept it afloat in a sluggish consumer environment. Management now forecasts first-quarter earnings in the range of 26 cents to 31 cents and fiscal 2011 earnings between $2.15 and $2.35 per share. The company's Bath & Body Works segment is gaining traction, driven by a rise in store transactions, enhancement in the direct channel business and growth in new stores. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/JPY Up During Asian Trade Posted: 28 Mar 2011 04:15 PM PDT Forex Pros – The U.S. Dollar was higher against the Japanese Yen on Monday. USD/JPY was trading at 81.74, up 0.05% at time of writing. The pair was likely to find support at 80.71, Wednesday's low, and resistance at 81.85, today's high. Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.06% to hit 1.4078 and GBP/USD falling 0.05% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Regeneron Seeks FDA Approval Posted: 28 Mar 2011 03:55 PM PDT Recently, Regeneron Pharmaceuticals Inc. (NASDAQ:REGN) submitted a biologics license application (BLA) to the US Food and Drug Administration (FDA) seeking approval to market its VEGF (vascular endothelial growth factor) trap-eye treatment. Regeneron is seeking clearance from the US regulatory body to market the drug for treating patients suffering from age-related macular degeneration (wet AMD). The condition results from the growth of new blood vessels beneath the retina which leak blood and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

GM Reopens Shreveport Plant Posted: 28 Mar 2011 03:55 PM PDT General Motors Co. (NYSE:GM) announced that it will resume the normal four-day work week at its Shreveport, Louisiana plant from today. The plant has been closed in the week ended March 18 on the back of parts shortage due to damages caused by earthquake and tsunami in Japan. The Shreveport plant was the first plant to be closed in the U.S. due to the disaster in Japan on March 11 that killed more than 10,000 people, broke down infrastructure and triggered a nuclear crisis. It produces mid-size … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Pitney-Second Decimal Team Up Posted: 28 Mar 2011 03:55 PM PDT Pitney Bowes Business Insight, a subsidiary of  Pitney Bowes Inc. (NYSE:PBI) has struck an alliance with Second Decimal, LLC, a leader in the tax automation space. Companies continue to experience challenges with accurate tax rate assignments that can lead to audit exposure and penalties for incorrect filings. There is an inherent demand in the market for location-based tax-rate monitoring provided by means of a software package that can be hosted, delivered locally, or made available through … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Automotive Industry Faces Supply Chain Worries Posted: 28 Mar 2011 03:50 PM PDT 03/28/11 The global automotive industry is experiencing a parts shortage in the aftermath of the natural disaster in Japan. In addition, the spike in oil prices may weigh on car … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Siemens Wins KEPCO Order Posted: 28 Mar 2011 03:35 PM PDT Korea Electric Power Corporation (NYSE:KEP) and Abu Dhabi Electricity & Water Authority (ADWEA) along with Japan-based Sumitomo Corporation (SSUMY) have awarded a follow-up order for the construction of a turnkey combined cycle power plant to Siemens AG (NYSE:SI). Together with its partner Daewoo Engineering & Construction Co, Siemens will build the 1600MW Shuweihat 3 (S3) combined cycle plant. The plant will be located 260 kilometers west of Abu Dhabi. Under the terms of the deal, Siemens … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Ocala Case Against BofA To Continue Posted: 28 Mar 2011 03:35 PM PDT On Friday, Reuters reported that a U.S. Federal court judge had allowed Deutsche Bank AG (NYSE:DB) and BNP Paribas Mortgage Corp. to proceed with their lawsuit against Bank of America Corporation (NYSE:BAC). The case is related to losses incurred by these two companies on asset-backed commercial paper as a result of the mortgage lender Taylor Bean & Whittaker Mortgage Corp going bankrupt. In 2005, Ocala Funding LCC was created by Taylor Bean to purchase its home loans. These mortgages were later … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Goldcorp Plans Organic Growth Posted: 28 Mar 2011 03:35 PM PDT Costs are becoming a growing concern for gold miners across the world. In this regard, Goldcorp Inc. (NYSE:GG) has decided to set aside its acquisition strategies for the time being and concentrate only on developing its large pipeline of projects in America. In the previous year itself, Goldcorp had pursued about half-dozen deals. In September 2010, Goldcorp agreed to buy gold miner Andean Resources Ltd for C$3.6 billion ($3.2 billion), trumping a rival bid from Eldorado Gold Corporation. Before … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – NZD/USD Up In Asian Trade Posted: 28 Mar 2011 03:35 PM PDT Forex Pros – The New Zealand Dollar was higher against the U.S. Dollar on Monday. NZD/USD was trading at 0.7514, up 0.01% 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 up against the Euro, with AUD/NZD gaining 0.09% to hit 1.3645 and EUR/NZD falling 0.03% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Hot Option Plays: Inflation Is On The Brain Posted: 28 Mar 2011 03:18 PM PDT Cusick's Corner Inflation is on the brain and with the Hawks circling, this market needs leadership to arise before any real money is going to work. With that said, we may have this choppy action until the jobs data comes in at the end of this week. The Consumer Confidence Number will be a big one to watch tomorrow, potentially tipping the hand of employment and energy prices, i.e. oil. This could also validate what looks to be a new trend of increasing personal income. Strategically the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Netflix Streaming Is Delayed Posted: 28 Mar 2011 03:10 PM PDT Netflix Inc. (NASDAQ:NFLX) has been restricted by partner and cable channel provider Starz from streaming the new series "Camelot" for 90 days following its release. Starz plans a similar kind of delay for exclusive movies as well. Netflix will now have to wait for 90 days before streaming the new series, which beging airing April 1, 2011. Netflix customers currently have the option of streaming the new episodes of original series "Spartacus" as they aired on Starz. Starz has been … [visit site to read more] or compare Best Credit Cards and Best CD Rates

The Day Ahead: The Day Ahead: US Consumer Confidence, S&P Case-Shiller HPI, German CPI, UK 4Q GDP Posted: 28 Mar 2011 03:10 PM PDT 03/28/11 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

Watson Pharma Loses Lawsuit Posted: 28 Mar 2011 03:05 PM PDT Watson Pharmaceuticals Inc. (NYSE:WPI) recently announced that the United States District Court for the District of Delaware ruled against Watson Pharma in a patent infringement lawsuit regarding the generic version of Cephalon Inc.'s (NASDAQ:CEPH) pain drug, Fentora. The court said that Watson Pharma's generic version infringed Fentora's '981 patent. Watson Pharma said that it will review the court’s decision along with evaluating whether to appeal or not. Earlier in the month, the District … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Australia OKs HeatWare Device Posted: 28 Mar 2011 03:05 PM PDT Leading heart pump maker HeartWare International (HTWR) has received approval of the Australian Therapeutic Goods Administration ("TGA") for its next-generation HeartWare Ventricular Assist System. The device is essentially a bridge to heart transplantation for patients suffering from end-stage heart failure. The TGA approval represents a major milestone for the Massachusetts-based company, helping it expand the addressable market for the device. Heart failure is a leading cause of death … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Research In Motion Buys TinyHippos Posted: 28 Mar 2011 03:05 PM PDT BlackBerry-maker Research In Motion, Ltd. (NASDAQ:RIMM) announced that it has bought TinyHippos Inc, which develops software for mobile applications. The acquisition enables the company to support multiple platforms on mobile handsets. TinyHippos are primarily known for their popular product called Ripple. It performs many functions like JavaScript debugging, HTML DOM inspection, automated testing, as well as multiple device and screen resolution emulation in real-time without redeploying the mobile … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Nat Gas Inventories Fall In Line Posted: 28 Mar 2011 03:05 PM PDT The U.S. Energy Department’s weekly inventory release showed an in-line drop in natural gas supplies, as increasing demand related to space heating was offset by robust domestic production.   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 of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Brown To Repurchase Shares Posted: 28 Mar 2011 03:05 PM PDT Brown-Forman Corporation (BF.B), one of the world’s leading producers and distributors of premium alcoholic beverages, declared that its Board of Directors approved a $250.0 million share repurchase program, which reflects the robust long-term growth outlook of the company. Under this program, the company will be authorized to repurchase up to $250.0 million of its Class ‘A’ and Class ‘B’ Common Stocks through the open market, block transactions and privately-negotiated transactions until … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Earnings Scorecard: Lululemon Posted: 28 Mar 2011 03:05 PM PDT Lululemon Athletica Inc. (NASDAQ:LULU), a Canada-based yoga-inspired athletic apparel company, recently posted its one of the best financial results in its history with strong fourth-quarter 2010 results. Street analysts had more than a week to ponder the news. In the paragraphs that follow, we cover the recent earnings announcement, subsequent analysts’ estimate revisions as well as the Zacks Rank. Quarterly Review On March 17, 2011, Lululemon reported robust fourth-quarter 2010 earnings of 64 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Rating Action On Genworth Notes Posted: 28 Mar 2011 03:05 PM PDT The recently issued $400 million 7.625% senior unsecured notes due 2021 of Genworth Financial Inc. (NYSE:GNW) was assigned a debt rating of "bbb" by A.M. Best Co. The outlook is negative. Genworth plans to utilize a part of the net proceeds from the offering to retire debts maturing in 2011. The rating agency believes that the new issuance will not have much impact on Genworth's debt-to-capital and interest coverage ratios as the company maintains surplus capital at the holding company level … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Evergreen Solar Remains Neutral Posted: 28 Mar 2011 03:05 PM PDT We are maintaining our Neutral recommendation for Evergreen Solar Inc. (NASDAQ:ESLR). Its near-term share price may be impacted by continuing losses due to start-up costs, capital expenditures, apprehension over subsidy roll-back in Germany and the absence of deep pockets (unlike its peers). It competes with the likes of SunPower Corporation (SPWRA) and JinkoSolar Holding Company Limited. (JKS). Massachusetts-based Evergreen Solar engages in the development, manufacturing and marketing … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Trade Ideas For Tuesday, March 29 Posted: 28 Mar 2011 02:56 PM PDT   ( click to enlarge ) Tellabs, Inc. (NASDAQ:TLAB) starts showing 'buy’ signals again.The stock closed above its 20-day moving average for the first time since January, which is a very bullish sign. Although the stock didn’t perform well this year, we start to see now some signals of rebound as the technical chart shows positive momentum is back. I’d look to the $5.25 level moving as the next buy point. If it passes that, then we have room to run to next resistance at $5.81. Let's keep an … [visit site to read more] or compare Best Credit Cards and Best CD Rates

D&B Unveils Free Search Tool Posted: 28 Mar 2011 02:35 PM PDT Dun & Bradstreet Corp. (NYSE:DNB), a provider of business information, launched a free search tool which allows individuals to identify companies that are located in the areas affected by the earthquake and tsunami in Japan on March 11, 2011. The search tool is expected to help companies in the assessment of their financial and business continuity risk exposure resulting from the earthquake and tsunami as well as unfolding developments at the Fukushima Daiichi Power Station. On March 11, 2011, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Closing Bell Market Monitor: T, WLT, BUD, GSIC Posted: 28 Mar 2011 09:30 AM PDT 03/28/11 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

Earnings Preview: Lennar Corp. Posted: 28 Mar 2011 02:25 PM PDT Lennar Corp. (NYSE:LEN) announced that it would release its results for the first quarter of 2011 before the market opens on March 29, 2011. Florida-based Lennar earned a profit of 15 cents in the fourth quarter and 48 cents in the full fiscal 2010, beating the Zacks Consensus Estimates of 3 cents and 34 cents, respectively. In the upcoming quarter, the Zacks Consensus Estimate for Lennar is pegged at a loss of 6 cents per share, reflecting an annualized decline of 44%. With respect to earnings … [visit site to read more] or compare Best Credit Cards and Best CD Rates

EIA: Gasoline Stocks Dip Sharply Posted: 28 Mar 2011 02:25 PM PDT The U.S. Energy Department’s weekly inventory release showed a larger-than-expected build-up in crude stockpiles, while distillates were flat for the week. However, on the bullish side, gasoline stocks dropped sharply and refinery run-rates increased from the previous week levels. 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

Harso’s Multi-Discipline With Tata Posted: 28 Mar 2011 02:25 PM PDT Harsco Corporation (NYSE:HSC) recently won a new contract from Tata Steel to provide industrial scaffolding support of plant maintenance activities at the Tata Steel plant in Scunthorpe, UK. The tenure of the contract is three years, with an estimated value of $10 million. In mid-March, Harsco agreed to extend its ongoing industrial scaffolding support of facility maintenance at Tata Steel for an additional five years, and add new scaffolding services with Tata Power and Tata Mines. The extended … [visit site to read more] or compare Best Credit Cards and Best CD Rates

DELL Grows By BRIC Building Posted: 28 Mar 2011 02:25 PM PDT Dell Inc. (NASDAQ:DELL) has started construction of its second operating unit in China, which is in line with its expansion plan initiated in September 2010. Per the plan, Dell will open a manufacturing and customer support center in Chengdu, Western China. Dell expects the unit to be operational by fiscal 2011, creating 3000 job openings. Dell's efforts in this expansion complement the Chinese government's strategy to develop new trade relations. China's 'Go West' policy was aimed at … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Risk-Reward Balances Macy’s Posted: 28 Mar 2011 02:25 PM PDT Macy's Inc.’s (NYSE:M) constant focus on price optimization, inventory management, merchandise planning and private label offering positions it to drive traffic, meet customer-oriented demand and improve in-store shopping experience. We remain optimistic about the company's customer-centric localization initiative called "My Macy's." The program aims at improving comparable-store sales and reducing operating expenses, with stores and merchandise assortments focusing on local customer … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Hercules Upgraded To Neutral Posted: 28 Mar 2011 02:25 PM PDT We are upgrading our recommendation on Hercules Technology Growth Capital Inc. (NASDAQ:HTGC) to Neutral from Underperform, based on better-than-expected fourth quarter 2010 results and a dividend hike. Despite the sluggish economic recovery, a steady pace of new investments by venture capitalists is palpable. Consequently, new investment opportunities are expected, though we remain cautious about the company's investment and credit management strategies. Hercules' fourth quarter distributable … [visit site to read more] or compare Best Credit Cards and Best CD Rates

And Yet…? Posted: 28 Mar 2011 02:05 PM PDT Some would say there’s no real relationship between the data highlighted in these two posts: “Unemployment's Rising Toll on Families” (Economix) Last year, nearly one in eight families included an unemployed person, the highest proportion since the Labor Department began keeping track in 1994. “Chart of the Day: Finance is Back!” (MotherJones) Via Matt Yglesias, Kathleen Madigan reports that finance industry profits have recovered from their late unpleasantness and now account for over 30% … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Nabors Stays Neutral Posted: 28 Mar 2011 02:05 PM PDT We are maintaining a Neutral rating on Nabors Industries (NYSE:NBR) considering its strength in the U.S. and Canadian land drilling markets, partially offset by weak natural gas fundamentals. Nabors possesses a large, high-quality fleet of drilling and workover rigs, making it the leading North American land drilling contractor. Over the years, the company has not only grown through cash flow reinvestments and acquisitions but has also extended its geographic reach and diversified its operating … [visit site to read more] or compare Best Credit Cards and Best CD Rates

OraSure Files For CLIA Waiver Posted: 28 Mar 2011 02:05 PM PDT OraSure Technologies (NASDAQ:OSUR) has recently filed with the U.S. Food and Drug Administration (“FDA”) an application for a waiver under the Clinical Laboratory Improvement Amendments ("CLIA") for its OraQuick hepatitis C ("HCV") Rapid Antibody Test for use with venous and finger-stick whole blood samples. CLIA is the U.S. regulatory standard for all human clinical laboratory testing. The OraQuick HCV, which was launched in the U.S. in July 2010, is the first and only rapid HCV test … [visit site to read more] or compare Best Credit Cards and Best CD Rates

EIA: Gasoline Stocks Dip Sharply Posted: 28 Mar 2011 02:05 PM PDT The U.S. Energy Department’s weekly inventory release showed a larger-than-expected build-up in crude stockpiles, while distillates were flat for the week. However, on the bullish side, gasoline stocks dropped sharply and refinery run-rates increased from the previous week levels. 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

BMY’s Cancer Drug Cleared In The US Posted: 28 Mar 2011 02:05 PM PDT The FDA delivered a huge boost to Bristol-Myers Squibb Company (NYSE:BMY) by approving its cancer candidate Yervoy (ipilimumab). The drug has been cleared for treating patients suffering from metastatic melanoma, the severest form of skin-cancer. Ipilimumab has been cleared to help treatment-naïve and experienced patients. Ipilimumab has been approved on the basis of a late-stage study, which showed that treatment with the drug extended overall survival of patients suffering from advanced … [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: 28 Mar 2011 01:55 PM PDT Forex Pros – The Euro was higher against the U.S. Dollar on Monday. EUR/USD was trading at 1.4092, up 0.05% 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 0.30% to hit 0.8808 and EUR/JPY rising 0.49% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Brightpoint Downgraded To Neutral Posted: 28 Mar 2011 01:40 PM PDT We are downgrading our recommendation on Brightpoint Inc. (NASDAQ:CELL) to Neutral following the recent consolidation trend in the U.S telecom industry. The recent announcement of AT&T (NYSE:T)  to acquire T-Mobile USA for $39 billion is a major setback for the company. If the deal gets regulatory approvals, then the company's future financials may be seriously affected. Logistic services are a high-margin business for Brightpoint. T-Mobile USA is one of the largest logistic customers of the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/JPY Up Toward The End Of U.S. Session Posted: 28 Mar 2011 01:40 PM PDT Forex Pros – The U.S. Dollar was higher against the Japanese Yen on Monday. USD/JPY was trading at 81.70, up 0.44% at time of writing. The pair was likely to find support at 80.71, Wednesday's low, and resistance at 81.85, today's high. Meanwhile, the U.S. Dollar was down against the Euro and up against the British Pound, with EUR/USD gaining 0.03% to hit 1.4090 and GBP/USD falling 0.28% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Canadian Pacific Invests In Dakota Posted: 28 Mar 2011 01:35 PM PDT Canadian Pacific Railway Limited (NYSE:CP) reported investment of $100 million in North Dakota between 2010 and 2012. The investments will facilitate network expansion and increase rail service to cater to growing traffic demand in the region. For 2011, the company's investment program includes hiring of 70 new employees to expand train crew base and fostering 18% growth in its workforce in North Dakota. Additionally, other points included in the 2011 investment program include allocation of new … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Merck Drops Out Of Portola Deal Posted: 28 Mar 2011 01:35 PM PDT Merck (NYSE:MRK) recently announced its decision to opt out from its collaboration agreement with Portola Pharmaceuticals for a blood clotting candidate, betrixaban. Betrixaban, which recently completed phase II development, is an oral Factor Xa inhibitor anticoagulant which is being studied for the prevention of stroke in patients with atrial fibrillation (SPAF). Merck's decision was based on an evaluation of its pipeline. Agreement Dated Back to 2009 Merck and Portola had signed the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Sysco Stronger In New York Posted: 28 Mar 2011 01:35 PM PDT Sysco Corporation (SYY) plans to invest a lump sum amount of $75 million for building a warehouse in Central Islip, New York, as reported by Newsday. This cold storage is expected to serve as a distribution center for Long Island and the metro area. Within two years of inception, the company said it will generate 185 new jobs for the city with average salaries of about $63,100, according to Islip Town officials. City officials feel that the project will also lead to 300 unionized … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Lockheed Martin Opens Test Center Posted: 28 Mar 2011 01:35 PM PDT Lockheed Martin Corporation (NYSE:LMT) formally opened the Huntsville Integrated Test (HIT) Center in Huntsville, Alabama that will help the company to carry out cost-effective and realistic testing of full-scale missile defense systems in a laboratory environment.  The HIT Center will provide high fidelity, end-to-end testing of missile defense systems with full hardware and digital functionality. The center is equipped with high-speed fiber optic connectivity throughout the building. The … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Caterpillar Wins Iraq Contract Posted: 28 Mar 2011 01:35 PM PDT Iraq has signed various contracts worth $6.25 million with Caterpillar Inc. (NYSE:CAT) and other companies to build power plants to augment its electricity output. Apart from Caterpillar, other companies involved in the same venture include Man SE (MAN) of Germany and a South Korean company. Munich based Man SE is an engineering company and also serves the automotive industry by producing trucks. These companies together will build 50 new power stations; each generating 100 mega watts. As remarked … [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: 28 Mar 2011 01:25 PM PDT Forex Pros – The Euro was higher against the U.S. Dollar on Monday. EUR/USD was trading at 1.4091, up 0.04% 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 0.30% to hit 0.8808 and EUR/JPY rising 0.49% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.S. Markets Close Lower; Dow Jones Down 0.19% Posted: 28 Mar 2011 01:10 PM PDT Forex Pros – U.S. stocks were down after the closing bell on Monday. At the close of U.S. trade, the Dow Jones Industrial Average fell 0.19%, the S&P 500 index shed 0.27%, while the Nasdaq 100 index declined 0.57%. Meanwhile, across the Atlantic, European stock markets were mixed at close. France's CAC 40 was up 0.12%; Germany's DAX shed 0.11%; Britain's FTSE 100 climbed 0.06%; and the EURO STOXX 50 rose … [visit site to read more] or compare Best Credit Cards and Best CD Rates

HP’s New Age Servers Posted: 28 Mar 2011 01:05 PM PDT The world's largest computer maker, Hewlett-Packard Company (NYSE:HPQ), recently announced that it will continue to work on the Itanium-based Integrity server platforms with the company's indigenous HP-UX operating system, which has a background of more than 10 years. The company is trying to develop its server business, offering innovative solutions to retain its leading position in this segment. Moreover, with this new age Itanium server, the company will continue to support customers … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Pulte Terminates Credit Facility Posted: 28 Mar 2011 12:55 PM PDT PulteGroup Inc. (NYSE:PHM) announced its decision to terminate its $250 million revolving credit facility on March 30, 2011 in order to cut down its operating costs. As a result, the company will have to bear a one-time charge of roughly $1.3 million in the first quarter financial results. However, Pulte plans to introduce a new credit facility within the next 12 to 18 months. Over the last three years, Pulte had paid down more than $3.1 billion of senior notes and other bond obligations. With the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Earnings Scorecard: Guess? Inc. Posted: 28 Mar 2011 12:55 PM PDT On March 17, 2011, specialty retailer Guess? Inc. (NYSE:GES) announced its financial results for the fourth-quarter and year-end 2010. 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. Earnings Review Guess reported earnings of $1.11 in its fourth quarter ended January 29, 2011, beating the Zacks … [visit site to read more] or compare Best Credit Cards and Best CD Rates

PKX’s Foothold In Chinese Auto Market Posted: 28 Mar 2011 12:55 PM PDT Korean steel producer POSCO (NYSE:PKX) recently announced to have started construction of a Continuous Galvanizing Line (CGL) factory in the City of Focal, Guangdong Province, China. The factory with an annual production capacity of 450,000 tons is due to be completed in January 2012 and will secure input materials from Gwangyang Steelworks, etc. The company's prime focus will be on production of high-end automobile steel plates to cater to the needs of the Chinese automobile market. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Atmel’s MaXTouch For LG Posted: 28 Mar 2011 12:55 PM PDT LG Electronics Mobile recently selected Atmel Corporation's (NASDAQ:ATML) Atmel maXTouch solution for its G-Slate 8.9-inch Android tablet touch screen. The financial details of the transaction were not disclosed. Powered by Atmel’s mXT1386 maXTouch™ solution and NVIDIA’s Tegra 2 1GHz processor, G-Slate runs on Honeycomb, the 3.0 version of the Android operating system. The G-Slate PC tablet marks LG Electronics Mobile’s entry into the tablet market. Atmel maXTouch solutions are noted for their … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Alliance Data Signs Deal Posted: 28 Mar 2011 12:55 PM PDT The Canadian coalition loyalty business of Alliance Data Systems Corporation (NYSE:ADS) has made an agreement with The Children’s Place Retail Stores Inc. (NASDAQ:PLCE) whereby the latter will participate as a national sponsor in the Canadian AIR MILES Reward Program and issue reward miles across Canada. Earlier, The Children’s Place initiated a seven-month AIR MILES project in Alberta and British Columbia. Based on the successful initiative in its 27 western-Canadian stores, The Children’s Place … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Down During The U.S. Session Posted: 28 Mar 2011 12:45 PM PDT Forex Pros – The British Pound was lower against the U.S. Dollar on Monday. GBP/USD was trading at 1.6002, down 0.25% 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 0.30% to hit 0.8808 and GBP/JPY rising 0.21% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Patterson-UTI Shares Climb Further Posted: 28 Mar 2011 12:35 PM PDT Shares of Patterson-UTI Energy Inc. (PTEN) hit a 52-week high of $28.47 on Friday, March 25. The onshore contract dealer has seen its share price climb more than 100% since the end of June last year, as investors have been buying stocks of the company for its attractive fundamentals and positive outlook. The turnaround in fuel prices amid recent optimism about economic recovery have added to this bullish sentiment. Patterson-UTI – the second-largest North American land drilling contractor … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CAD Down In U.S. Trade Posted: 28 Mar 2011 12:10 PM PDT Forex Pros – The U.S. Dollar was lower against the Canadian Dollar on Monday. USD/CAD was trading at 0.9760, down 0.50% at time of writing. The pair was likely to find support at 0.9732, Thursday's low, and resistance at 0.9843, Wednesday's high. Meanwhile, the U.S. Dollar was down against the Euro and up against the British Pound, with EUR/USD gaining 0.07% to hit 1.4096 and GBP/USD falling 0.22% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Up In U.S. Trading Hours Posted: 28 Mar 2011 11:45 AM PDT Forex Pros – The Euro was higher against the U.S. Dollar on Monday. EUR/USD was trading at 1.4099, up 0.09% 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 0.27% to hit 0.8806 and EUR/JPY rising 0.53% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Philip Morris: Disaster Not Likely To Affect 2011 Profits In Japan Posted: 28 Mar 2011 11:30 AM PDT 03/28/11 Philip Morris International Inc. announced Monday that it does not expect Japan’s disaster to affect 2011 profits and sales in the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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