Friday, April 8, 2011

DailyMarkets.com - Another Market Opens Up For Maxwell

DailyMarkets.com - Another Market Opens Up For Maxwell

Another Market Opens Up For Maxwell

Posted: 08 Apr 2011 04:40 PM PDT

Maxwell Technologies Inc.’s (NASDAQ:MXWL) ultracapacitors have found their way into a brand new area.
ShinMaywa Industries Ltd., a leading Japanese producer of special purpose trucks, designed Maxwell’s BOOSTCAP ultracapacitors into an all-electric loading mechanism for garbage trucks that eliminates fuel consumption, carbon emissions and noise during loading and unloading.
Each truck’s loading mechanism incorporates seven 48-volt BOOSTCAP ultracapacitor modules that charge from the energy … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

NEM Boosts Production And Dividend

Posted: 08 Apr 2011 04:35 PM PDT

Newmont Mining Corporation (NYSE:NEM) intends to raise its annual gold production to 7 million ounces over the next six years. This target represents a hike of  around 35% from the company’s previously announced 2011 attributable gold production outlook of 5.1 to 5.3 million ounces.
The company also plans to increase its copper production to 400 million pounds over the same time span, representing a 90% jump from the expected 2011 outlook.
The Denver-based company also intends to have the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

AngioDynamics Reiterated Neutral

Posted: 08 Apr 2011 04:35 PM PDT

We reaffirm our Neutral recommendation for therapeutic and diagnostic devices maker AngioDynamics (NASDAQ:ANGO).
Its third-quarter fiscal 2011 adjusted (excluding one-time tax benefit) earnings matched the Zacks Consensus Estimate while revenues narrowly beat the forecast. Profit climbed 14% year over year on the back of solid oncology sales and lower tax.
Oncology revenues soared 19% year over year, boosted by sustained healthy adoption of the company's popular tumor-zapping NanoKnife system and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Monetary Policy Week In Review – 9 April 2011

Posted: 08 Apr 2011 04:21 PM PDT

The past week in monetary policy was dominated by two of the world’s most influential central banks: the People’s Bank of China, and the European Central Bank. Of the banks to change policy settings were; China +25bps to 6.31%, Poland +25bps to 4.00%, Qatar -50bps to 1.00%, Serbia +25bps to 12.50%, the EU +25bps to 1.25%, Peru +25bps to 4.00%, and Denmark +25bps to 1.30%. Those that held rates unchanged were Australia at 4.75%, Japan at 0.10%, and the UK at 0.50%. 

As noted the most … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Neutral On CEMIG

Posted: 08 Apr 2011 04:05 PM PDT

We recently maintained a Neutral recommendation on Companhia Energetica de Minas Gerais (NYSE:CIG), also known as CEMIG.
CEMIG is one of the largest integrated electric utilities in Brazil. It has more than 6,896 megawatts of installed generation capacity, deriving approximately 97% from hydroelectric power. 
We believe the company stands at an advantageous position to benefit from the economic recovery in Brazil. In Brazil demand for electricity has been on a rising trend and is expected to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Neutral On Acxiom

Posted: 08 Apr 2011 04:05 PM PDT

We recently reiterated our Neutral rating on Acxiom Corporation (NASDAQ:ACXM).
Last week, the share price of Acxiom declined significantly with the news of senior management exiting the company. The company’s CEO and President John A. Meyer resigned from his positions, effective March 28, 2011. Additionally, CFO Christopher W. Wolf will also resign from his position in the second quarter of 2011, due to personal reasons.
The board of directors appointed Jerry D. Gramaglia, a member of the board, to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Alexion Seeks Label Expansion

Posted: 08 Apr 2011 04:05 PM PDT

Recently, Alexion Pharmaceuticals, Inc. (NASDAQ:ALXN) made an encouraging move by seeking to expand the label of its sole marketed drug, Soliris (eculizumab).
To achieve this objective, Alexion submitted marketing applications in the US and the European Union (EU) seeking approval of the US Food and Drug Administration (FDA) and the European Medicines Agency (EMA), to market Soliris for treating patients suffering from atypical hemolytic uremic syndrome (aHUS).
We note that Soliris is already … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

RIO Gets Majority At Riversdale

Posted: 08 Apr 2011 04:05 PM PDT

Global miner Rio Tinto Plc. (NYSE:RIO) acquired majority stake in Australia-based Riversdale Mining Limited. The company now has a stake exceeding 50% and expects to increase it as the offer remains open until April 20, 2011.
The company's three executives: Douglas Ritchie (Energy chief), Matt Coulter (Energy chief development officer) and David Peever (managing director of Rio Tinto Australia) were appointed to Riversdale's board.
Management stated that the acquisition provides the company … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

ReneSola Closes Notes Offering

Posted: 08 Apr 2011 04:05 PM PDT

ReneSola Ltd. (NYSE:SOL) closed its offering of $25 million of convertible senior notes to qualified institutional buyers. The aforementioned notes are convertible into ReneSola’s American Depositary Shares (ADSs), at an initial conversion rate of 94.8114 ADSs per $1,000 principal amount of the notes (equivalent to an initial conversion price of approximately $10.55 per ADS).
The notes will accrue interest at an annual rate of 4.125%. Interest on the notes will be payable semi-annually in arrears … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Well Suited

Posted: 08 Apr 2011 03:46 PM PDT

Urlesque points us to a sad/funny new meme floating around the internet, “Unsuccessful White Guy,” that seems well suited (no pun intended) to the times. Here are a few samples:
 
 

 
 
Click here to see … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Denmark Central Bank Raises Rate 25bps To 1.30%

Posted: 08 Apr 2011 03:36 PM PDT

The Danmarks Nationalbank raised its key lending rate by 25bps to 1.30% from 1.05% previously. The Bank specifically commented that “The interest rate increase is a consequence of the increase by the European Central Bank of its rate on the main refinancing operations by 0.25 per cent to 1.25 per cent.” The Danish Central Bank typically follows the moves of the ECB in order to keep its currency, the Krone, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

AmSurg Expands With NSC

Posted: 08 Apr 2011 03:35 PM PDT

Recently, AmSurg Corporation (NASDAQ:AMSG), a leading operator of practice-based ambulatory surgery centers (ASCs), decided to acquire Dallas based National Surgical Care (NSC) for $173.5 million in cash.
NSC, with $124.5 million in revenues in 2010, operates 18 ASCs spread across the US and includes 16 multi-specialty centers and 2 centers specializing in gastroenterology procedures. The transaction, subject to regulatory approvals, is expected to close by the end of the second quarter.
AmSurg … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Natural Gas Draw Falls Short

Posted: 08 Apr 2011 03:35 PM PDT

The U.S. Energy Department’s weekly inventory release showed a smaller-than-expected drop in natural gas supplies, as a major draw in the East Region was partially offset by small injections in the West and Producing Regions.
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 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Hot Option Plays: Market Waiting For Earnings Kick-Off

Posted: 08 Apr 2011 03:18 PM PDT

Cusick’s Corner
Resistance is often strong after a big move. This market is now waiting for earnings season to kick off. Take a look at your portfolio, asses which stocks have earnings coming up and what sectors they are in, plus if their peers will start to announce earnings. That way if there are any ripples, you can be ready to react with a plan. The unofficial earnings season kicks off with AA on Monday night, so take the weekend to review your portfolio and any locate potential risk or … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Telesp Slips To Neutral

Posted: 08 Apr 2011 03:10 PM PDT

We are downgrading our recommendation on Brazilian fixed-line carrier Telecomunicacoes de Sao Paulo SA (NYSE:TSP), better known as Telesp, to Neutral from Outperform. Currently, the stock retains the Zacks #3 Rank (Hold).
Telesp, the Brazilian subsidiary of Spanish telecom giant Telefonica (NYSE:TEF), is experiencing encouraging growth in its relatively new broadband Internet and Pay-TV businesses. Telesp's "Speedy" broadband service (offering top speeds of 30 Mbps) continues to lead the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Stocks To Watch Next Week

Posted: 08 Apr 2011 03:06 PM PDT

 ( click to enlarge ) 

Las Vegas Sands Corp. (NYSE:LVS) – The technical chart has strong short-term resistance at $45 and the stochastic indicator has made a negative cross over to the downside. Trading volume also declined this week, it can mean that there is a higher risk of price trend reversal. On a daily closing basis, there is decent support between $43.91 and $43.65. Support below that level is quite strong at $41.70. Resistance, on a daily closing basis, will now be decent at … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

AIG Buys Assets In Fed Auction

Posted: 08 Apr 2011 03:05 PM PDT

American International Group, Inc. (NYSE:AIG) has bought assets in the New York Federal Reserve’s auction of mortgage backed securities, which was acquired by Fed from the AIG during the height of the financial crisis.
Further, BlackRock Inc. (NYSE:BLK) managed the sales, though the bank did not disclose the amount paid. 42 of 52 bonds being offered by Fed were sold at the auction. The New York Fed said the bonds sold have a notional, or face value of $1.3 billion, which is less than the $1.5 billion … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Goldman Buys 12% Of Taikang Life

Posted: 08 Apr 2011 03:05 PM PDT

The Goldman Sachs Group Inc. (NYSE:GS) has acquired 12.02% stake valued more than $900 million in China's Taikang Life Insurance Co. Ltd., Reuters reported on Thursday. The financial terms of the deal were not disclosed. The primary intention of this acquisition was to gain from the growing demand for insurance products in the Chinese insurance market.
Taikang has approximately $44 billion in assets and 54 million clients across China. The China Insurance Regulatory Commission (CIRC) has … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Triumph Amends Credit Facility

Posted: 08 Apr 2011 02:35 PM PDT

Triumph Group, Inc. (NYSE:TGI) recently amended its existing revolving credit agreement to increase the size, modify the fee structure and extend the maturity to five years.
This amendment will increase the company's existing secured revolving credit facility to $850 from $535 million with a $50 million accordion feature. The term of the credit facility was extended to April 5, 2016.
An accordion is an option which allows the borrower to increase the principal under the credit agreement. The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Moody’s Upgrades Louisiana-Pacific

Posted: 08 Apr 2011 02:35 PM PDT

Louisiana-Pacific Corporation's (NYSE:LPX) has been recently upgraded by Moody’s Investors Service, the credit rating agency of Moody's Corporation (NYSE:MCO). The rating for the company has been raised to "stable" from "negative", reflecting the agency's growing confidence in the building material maker's future performance based on its improved earnings, liquidity and credit profile.
Based in Nashville, Tennessee, Louisiana-Pacific is engaged in manufacturing and distribution of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Eaton Enters Into Chinese JV

Posted: 08 Apr 2011 02:35 PM PDT

The industrial manufacturer Eaton Corporation (NYSE:ETN) expanded its Chinese footprint when it inked a joint venture with Shanghai Aircraft Manufacturing Co. Ltd. (“SAMC”), a subsidiary of Commercial Aircraft Corporation of China (“COMAC”).
In this joint venture, formed to support COMAC’s C919 single-aisle commercial aircraft program, Eaton will have a 49% interest while its Chinese counterpart will hold the remaining interest.
The joint venture will primarily focus on the design, development, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Unilever Honors Chinese Request

Posted: 08 Apr 2011 02:35 PM PDT

Unilever Plc. (NYSE:UL) has acceded to the National Development and Reform Commission’s (NDRC) request and postponed the intended hike in prices of shampoos and laundry detergents to combat higher input costs. NDRC is China’s top economic planner.
The decision came after a meeting with NDRC last week in which the Anglo-Dutch company was requested to defer the price rise in the back drop of growing unease among Chinese consumers following recent price inflation in many essential … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Closing Bell Market Monitor: EXPE, TPX, DAL, HERO

Posted: 08 Apr 2011 02:30 PM PDT

04/08/11 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 Balance Transfer Credit Cards

Stock Market Summary For Friday, April 8, 2011

Posted: 08 Apr 2011 02:23 PM PDT

Stocks opened higher in today’s session only to reverse course and selloff in the last few hours of trading. The intra-day losses were deeper at one point but the market recovered some of the losses by the closing bell. Market breadth finished negative and there was no indication that investors were participating in the market today with strength. Staying with the current stock market direction trend we are lowering the support/resistance levels on the DJIA, S&P 500, and Nasdaq Composite … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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

Posted: 08 Apr 2011 02:10 PM PDT

Forex Pros – The Euro was higher against the U.S. Dollar on Friday.<br/><br/> EUR/USD was trading at 1.4484, up 1.23% at time of writing.<br/><br/> The pair was likely to find support at 1.4152, Tuesday&rsquo;s low, and resistance at 1.4488, today&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.85% to hit 0.8840 and EUR/JPY rising 1.03% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Polar Wireless (BCDI) Battles Roaming Charges

Posted: 08 Apr 2011 02:05 PM PDT

Ken Nagy, CFA
Polar Wireless (BCDI) Battles Roaming Charges

Combine the growth in mobile phones with the number of people and businesses crossing borders (company estimates 800 million, 300 million cell users) and the potential of a roaming charge solution becomes apparent. The global roaming market according to market research firm Informa, is estimated to be a $23 billion dollar worldwide market, with 300 million roamers using approximately 22 billion calling minutes. This market is set to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Conceptus’ Essure Still Weak

Posted: 08 Apr 2011 02:05 PM PDT

Conceptus Inc. (NASDAQ:CPTS), a contraception devices maker, reported an EPS of $2.66 in the fourth quarter of fiscal 2010 compared with 21 cents in the year-ago period.
However, after adjusting for a net income tax benefit of $79.2 million in the reported quarter, the EPS was 14 cents, missing the Zacks Consensus Estimate of 18 cents. For the full year, the adjusted EPS was 10 cents, missing both the Zacks Consensus Estimate of 13 cents and 25 cents in the previous year.
Revenues were $36.6 million … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Canadian Pacific Remains Neutral

Posted: 08 Apr 2011 02:05 PM PDT

We are currently maintaining our long-term Neutral rating on Canadian Pacific Railway Limited (NYSE:CP), the largest rail network in Canada, supported by a Zacks #3 Rank (Hold).
Canadian Pacific, together with its subsidiaries, operates a transcontinental railway in Canada and the U.S., with freight transport being a major source of its revenue.
We believe Canadian Pacific is benefiting from strong growth in each of its product lines, particularly Coal and Intermodal. Despite the choppy economic … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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

Posted: 08 Apr 2011 02:05 PM PDT

Forex Pros – The British Pound was higher against the U.S. Dollar on Friday.<br/><br/> GBP/USD was trading at 1.6383, up 0.37% at time of writing.<br/><br/> The pair was likely to find support at 1.6093, Tuesday&rsquo;s low, and resistance at 1.6427, today&rsquo;s high.<br/><br/> Meanwhile, the British Pound was down against the Euro and up against the Japanese Yen, with EUR/GBP gaining 0.85% to hit 0.8840 and GBP/JPY rising 0.16% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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

Posted: 08 Apr 2011 02:00 PM PDT

Forex Pros – The U.S. Dollar was lower against the Japanese Yen on Friday.<br/><br/> USD/JPY was trading at 84.75, down 0.20% at time of writing.<br/><br/> The pair was likely to find support at 83.86, Monday&rsquo;s low, and resistance at 85.52, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 1.23% to hit 1.4484 and GBP/USD rising 0.37% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Not So Fast

Posted: 08 Apr 2011 01:43 PM PDT

Businesses are expanding, empty space is being leased, and more and more customers are coming through the doors.
Sounds like a boom, right?
Er, not so fast.
As the Chicago Tribune reports in “Resale Shops Remake Empty Retail Spaces as Consumers Reshape Buying Habits,” the expansion in question involves an industry that generally does best when times are hard.
Resale and consignment shops, emboldened by the Great Recession, are expanding as Americans cling to their bargain-hunting ways.
No … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Preview: 1Q Earnings Season “Officially” Kicks Off

Posted: 08 Apr 2011 01:40 PM PDT

Earnings Preview 4/8/11
The first quarter earnings season "officially" gets underway next week when Alcoa (NYSE:AA) reports, but it will be a slow start. A total of just 50 firms are due to report. However, eleven of those are members of the S&P 500.

The fourth quarter earnings season was a strong one, and this week should start to provide clues if that will be true for the first quarter as well. While few in number, some of the firms that are reporting are very significant ones, and they … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

CA Signs Bird Hosting Deal

Posted: 08 Apr 2011 01:40 PM PDT

CA Inc. (NASDAQ:CA) recently signed a multi-year licensing agreement with privately held Bird Hosting Inc. Financial details of the agreement were not disclosed.
Web-hosting solutions provider Bird Hosting has been using CA Inc.'s 3Tera Applogic platform since 2009. According to a company official, the transition by to the 3Tera AppLogic platform enabled Bird Hosting to reduce its data centre footprint by 64% and consolidate 200 servers to just 10 in a single data centre. Moreover, the company has … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

ARMOUR REIT Offering Shares

Posted: 08 Apr 2011 01:40 PM PDT

ARMOUR Residential REIT, Inc. (ARR), a real estate investment trust (REIT) that invests in residential mortgage backed securities (RMBS), has recently announced an equity offer of 16 million shares to raise cash and increase its liquidity. The company will also grant the underwriters an option to purchase an additional 2.4 million shares to cover any over-allotments.
Deutsche Bank Securities Inc. – the U.S. investment banking and securities arm of Deutsche Bank AG (NYSE:DB) is acting as the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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

Posted: 08 Apr 2011 01:40 PM PDT

Forex Pros – The U.S. Dollar was lower against the Japanese Yen on Friday.<br/><br/> USD/JPY was trading at 84.73, down 0.22% at time of writing.<br/><br/> The pair was likely to find support at 83.86, Monday&rsquo;s low, and resistance at 85.52, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 1.18% to hit 1.4477 and GBP/USD rising 0.40% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Preview: 1Q Earnings Season “Officially” Kicks Off

Posted: 08 Apr 2011 01:35 PM PDT

Earnings Preview 4/8/11
The first quarter earnings season "officially" gets underway next week when Alcoa (NYSE:AA) reports, but it will be a slow start. A total of just 50 firms are due to report. However, eleven of those are members of the S&P 500.

The fourth quarter earnings season was a strong one, and this week should start to provide clues if that will be true for the first quarter as well. While few in number, some of the firms that are reporting are very significant ones, and they … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

AMB Industrial Center Leased

Posted: 08 Apr 2011 01:35 PM PDT

AMB Property Corp. (NYSE:AMB), a real estate investment trust, has leased its Edgewater Industrial Center in Oakland, a 400,000 square feet center spread across 19 acres of land and located on Edgewater Drive, within minutes of the Oakland International Airport and Oakland Port. The center was leased to three new tenants.
Of the three tenants, the largest area of 192,680 square feet was taken up by Exel Inc., a logistics company for its warehouse. One Source Distributors Holdings Inc., a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Celgene Settles With Elan

Posted: 08 Apr 2011 01:35 PM PDT

Recently, Celgene Corporation (NASDAQ:CELG) has settled a legal dispute with Elan Corporation (NYSE:ELN) regarding cancer injection Abraxane. Abraxane became a part of Celgene's portfolio in October 2010 with Celgene's acquisition of Abraxis BioScience Inc. Legal action against Abraxis BioScience was initiated by Elan in 2006.
In June 2008, Elan got a favorable judgment that Abraxis BioScience had infringed a patent owned by it pertaining to the application of Elan's nanocrystal technology to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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

Posted: 08 Apr 2011 01:25 PM PDT

Forex Pros – The Euro was higher against the U.S. Dollar on Friday.<br/><br/> EUR/USD was trading at 1.4474, up 1.16% at time of writing.<br/><br/> The pair was likely to find support at 1.4152, Tuesday&rsquo;s low, and resistance at 1.4475, today&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.81% to hit 0.8837 and EUR/JPY rising 0.97% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. Markets Close Lower; Dow Jones Down 0.24%

Posted: 08 Apr 2011 01:10 PM PDT

Forex Pros – U.S. stocks were down after the closing bell on Friday.<br/><br/> At the close of U.S. trade, the Dow Jones Industrial Average fell 0.24%, the S&P 500 index shed 0.40%, while the Nasdaq 100 index declined 0.50%.<br/><br/> Meanwhile, across the Atlantic, European stock markets closed higher. France&rsquo;s CAC 40 was up 0.83%; Germany&rsquo;s DAX gained 0.53%; Britain&rsquo;s FTSE 100 climbed 0.81%; and the EURO STOXX 50 rose … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Equifax Enhances Product Portfolio

Posted: 08 Apr 2011 01:05 PM PDT

A leading provider of information solutions Equifax Inc. (EFX) recently unveiled an enhanced automated solution, which is expected to generate a cost-effective response in the form of token-based authentication systems.
The new solution, named "Anakam Identity Authentication for Tokens," is an easily-deployable service that allows an enterprise and/or agency to remotely verify the exact identity of the person logging on to the device through a temporary or permanent alternate authentication … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Royal Dutch Shell Cut To Neutral

Posted: 08 Apr 2011 01:05 PM PDT

We have downgraded energy major Royal Dutch Shell PLC (RDS.A) ADRs to Neutral from Outperform purely on valuation grounds, as we see limited near-term price upside.
With the economic rebound strengthening and with oil prices rallying, we expect integrated oil companies such as Royal Dutch Shell to continue accelerating revenue and earnings growth over the next few quarters. The group's recent results have also benefited from its operational/production efficiency and contributions from growth … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

TJX Comps Gain Momentum

Posted: 08 Apr 2011 01:05 PM PDT

Same-store sales at TJX Companies Inc. (NYSE:TJX) inched down 1.0% for the five-week period ended April 2, 2011 compared with an increase of 12.0% posted in the year-ago period. March comparable-store sales (“comps”) exceeded management's expectations on both a consolidated basis and at The Marmaxx Group. Total retail sales in March 2011 were $2.04 billion, up 1.0% from $2.03 billion in March 2010.
For the nine-week period, same-store sales edged up 1%, while total sales spiked 2% to $3.5 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Costco Continues Sales Momentum

Posted: 08 Apr 2011 01:05 PM PDT

Costco Wholesale Corporation (NASDAQ:COST), one of the leading U.S. warehouse club operators, recently posted healthy sales data for the five-week period ended April 3, 2011.
The company sustained its sales momentum. After an 8% increase in February 2011, Costco's comparable-store sales for March rose 13%, reflecting a comparable sales growth of 11% at its U.S. locations and 17% at its international divisions. For the thirty-one week period ended April 3, 2011, the company registered a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Other Voices

Posted: 08 Apr 2011 01:05 PM PDT

In a continuing effort to provide words of wisdom from beyond the walls of Zacks, here are a few things that I think people should find interesting. The views expressed in the articles are not always shared by either myself or Zacks, but I do find them thought-provoking.

Laura D'Andrea Tyson, a Professor at UC Berkley and the Chief Economist for President Clinton, argues here that the corporate tax rate needs to be cut, not raised. I think there is a good case for the elimination of the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Another Jump In Ticket Prices For US Airliners

Posted: 08 Apr 2011 01:00 PM PDT

04/08/11 Dealing with soaring fuel prices, US airliners are once again following each others lead and raising ticket prices on major … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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

Posted: 08 Apr 2011 12:45 PM PDT

Forex Pros – The British Pound was higher against the U.S. Dollar on Friday.<br/><br/> GBP/USD was trading at 1.6353, up 0.19% at time of writing.<br/><br/> The pair was likely to find support at 1.6093, Tuesday&rsquo;s low, and resistance at 1.6427, today&rsquo;s high.<br/><br/> Meanwhile, the British Pound was down against the Euro and up against the Japanese Yen, with EUR/GBP gaining 0.74% to hit 0.8831 and GBP/JPY rising 0.16% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

MeadWestvaco Remains Neutral

Posted: 08 Apr 2011 12:35 PM PDT

We reiterate our Neutral recommendation on MeadWestvaco Corporation (NYSE:MWV), a global producer of packaging, coated and specialty papers, consumer and office products, and specialty chemicals.
The company reported its fourth quarter and fiscal 2010 results, delivering an adjusted EPS of $1.54 in fiscal 2010, up 93% on a year over year basis and outperforming the Zacks Consensus Estimate of $1.50. The outperformance was mainly driven by strong profit growth in Packaging and Specialty Chemicals … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

AmSurg Expands With NSC

Posted: 08 Apr 2011 12:35 PM PDT

Recently, AmSurg Corporation (NASDAQ:AMSG), a leading operator of practice-based ambulatory surgery centers (ASCs), decided to acquire Dallas based National Surgical Care (NSC) for $173.5 million in cash. NSC, with $124.5 million in revenues in 2010, operates 18 ASCs spread across the US and includes 16 multi-specialty centers and 2 centers specializing in gastroenterology procedures. The transaction, subject to regulatory approvals, is expected to close by the end of the second quarter.
AmSurg … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

H&R Block Reports Interim Results

Posted: 08 Apr 2011 12:35 PM PDT

H&R Block Inc. (NYSE:HRB) reported a 5.7% year over year increase in total tax returns prepared for the period November 1, 2010 to March 31, 2011. Total retail returns prepared grew 2.6%, while total digital returns increased 13.3% (including 29.2% increase in online filings).
The 29.2% growth in online filings and a 1.4% increase in software-based returns were somewhat offset by a 10.2% decline in returns prepared through the Free File Alliance. Total digital tax returns, including online, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Cardica Gets Microcutter Patent

Posted: 08 Apr 2011 12:35 PM PDT

Surgical devices maker Cardica (NASDAQ:CRDC) has secured a key patent from the U.S. Patent and Trademark Office for its proprietary Microcutter technology.  The patent relates to the articulation of the company's Microcutter surgical cutting and stapling device.
Cardica’s Microcutter product line is intended to provide genuine multi-fire endoscopic stapling for a number of procedures, such as thoracic, colorectal as well as general surgery. The Microcutter lineup is expected to cut and staple … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Rising Supply, Advances In Drilling Technology And Conservation Will Counteract Rising Oil Prices

Posted: 08 Apr 2011 12:34 PM PDT

1. Basic economic theory tells us that one of the predictable consequences of resources becoming more expensive is that higher prices will stimulate discovery, exploration and greater production on the supply side.  And that’s exactly what we’re seeing now in Texas for oil and gas, according to today’s WSJ article “Chevron Rekindles Old Texas Flame: High Oil Prices, New Technologies Once Again Make the Permian Basin a Popular Spot for Drilling,” here’s an excerpt:

“Climbing oil prices … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

FDA Denies Gardasil Label Expansion

Posted: 08 Apr 2011 12:10 PM PDT

The US Food and Drug Administration (FDA) recently shot down Merck's (NYSE:MRK) efforts to expand Gardasil's label for use in women belonging to the 27-45 years age group. The FDA refused to grant approval to Merck's supplemental Biologics License Application (sBLA). Merck had already received two complete response letters from the FDA for the label expansion.
The agency, instead, updated the "Limitations of Use and Effectiveness" section of Gardasil's label to include the statement … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CAD Down In U.S. Trade

Posted: 08 Apr 2011 12:10 PM PDT

Forex Pros – The U.S. Dollar was lower against the Canadian Dollar on Friday.<br/><br/> USD/CAD was trading at 0.9576, down 0.06% at time of writing.<br/><br/> The pair was likely to find support at 0.9527, today&rsquo;s low, and resistance at 0.9693, Tuesday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.90% to hit 1.4437 and GBP/USD rising 0.19% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Up In U.S. Trading Hours

Posted: 08 Apr 2011 11:45 AM PDT

Forex Pros – The Euro was higher against the U.S. Dollar on Friday.<br/><br/> EUR/USD was trading at 1.4440, up 0.92% at time of writing.<br/><br/> The pair was likely to find support at 1.4152, Tuesday&rsquo;s low, and resistance at 1.4444, today&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.72% to hit 0.8829 and EUR/JPY rising 0.78% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Spotlight: Pivotal Peru Election

Posted: 07 Apr 2011 10:00 PM PDT

Peruvians will take the first step in electing their new president on Sunday. The top-two finishers in this round will compete in a runoff election next month. The outcome is meaningful to improving the quality of life in Peru, continuing its strong historical GDP growth and making the most from its ample natural resources.
Politics in Peru have a history of surprises and this year's surprise is how left-wing candidate Ollanta Humala is leading in the polls, though one-third of Peru's … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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