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- GE To Build Solar Panel Factory
- Kirkland’s Continues To Underperform
- Neutral On Amphenol
- Cepheid Gets FDA Clearance
- Forex – USD/JPY Down During Asian Trade
- Microsoft Prepares Massive Security Patch
- Amgen Expands In Brazil
- Vale To Buy Metorex
- Forex – NZD/USD Up In Asian Trade
- The Day Ahead: US Trade Balance, Import And Export Prices, Treasury Budget, UK CPI, Euro-Zone And German ZEW Survey, BoC Rate Decision
- BMC Rolls Out Mgmt Systems
- Expedia To Spin Off TripAdvisor
- Fred’s Sales
- Another Chinese JV For Caterpillar
- Some Other Interesting Voices
- Closing Bell Market Monitor: AMMD, LVLT, FLO, NYX, AA
- Stock Market Summary For Monday, April 11, 2011
- Medtronic To Combine Sales Team
- BioScrip Pharmacy Accredited
- General Dynamics Gets Contract
- China Reports Its First Trade Deficit In 11 Years
- Google’s ITA Acquisition Cleared
- Sanofi Acquires Genzyme
- Alcoa: Big Year-Over-Year Growth
- Forex – EUR/USD Down At The End Of U.S. Session
- Top Trade Ideas For Tuesday, April 12
- Real Estate Rent Vs. Own – The Under-Considered Factor
- Shell Partners Chevron In Australia
- Forex – USD/JPY Down Toward The End Of U.S. Session
- Advaxis Inc.: Initiating Coverage With A Outperform Rating
- Siemens Exits Nuclear JV
- Honeywell Teams Up With Boeing
- P&G Recalls Shades Of Clairol
- Marshall & Ilsley Stays Neutral
- Forex – EUR/USD Down Toward The End Of U.S. Session
- Hot Option Plays: Market Waits For First Round Of Earnings
- U.S. Markets Mixed At Close; Dow Jones Up 0.01%
- GM Recalls Top-Selling Cruze
- CSX Maintains Neutral Rec
- Progress Energy Stays Neutral
- Forex Trading: AUDUSD Adding Bearish Developments
- Forex – GBP/USD Down During The U.S. Session
- EUR/GBP’s Slingshot Scenario; Elliott Wave Count
- Leucadia To Raise Stake In Jefferies
- Toyota Suspends N. American Prod.
- Limited Brands Sales Up
- Skyrocketing Gas Prices
- U.S. Rig Count: Up Another 6 Units
- Yellen About Inflation
- Forex – USD/CAD Up In U.S. Trade
- Forex – EUR/USD Down In U.S. Trading Hours
- Why High Oil Prices Are Likely Here To Stay
| GE To Build Solar Panel Factory Posted: 11 Apr 2011 05:21 PM PDT General Electric Company (NYSE:GE) has developed a thin solar panel technology and intends to build a new factory in the United States to make its new solar product. Upon completion, the new U.S. factory will exceed the size of any existing solar panel facility in the country. The factory will entail an expected $600 million plus investment in solar technology and commercialization.
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| Kirkland’s Continues To Underperform Posted: 11 Apr 2011 04:24 PM PDT We currently maintain an Underperform rating on Kirklands's Inc. (NASDAQ:KIRK). Although the company's healthy balance sheet supports its investment to bring about a better merchandise mix in its stores, the company's susceptibility to the global economic downturn — coupled with stiff competition — severely undermines the company's future growth prospects and profitability.
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| Posted: 11 Apr 2011 04:24 PM PDT We recently reiterated our Neutral recommendation on Amphenol Corporation (NYSE:APH).
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| Posted: 11 Apr 2011 04:23 PM PDT Cepheid (NASDAQ:CPHD) has received clearance from the US Food and Drug Administration (FDA) for its Xpert C. difficile/Epi assay. The automated test, which will run on Cepheid's GeneXpert system, is meant to detect the toxin B gene associated with Clostridium difficile infection (CDI) that causes diarrhea. According to the FDA, the test should be used as an aid in the diagnosis of CDI and not for determining or monitoring the treatment procedure. The C. difficile test continues to be an extremely … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex – USD/JPY Down During Asian Trade Posted: 11 Apr 2011 04:15 PM PDT Forex Pros – The U.S. Dollar was lower against the Japanese Yen on Monday.<br/><br/> USD/JPY was trading at 84.58, down 0.02% at time of writing.<br/><br/> The pair was likely to find support at 84.52, today’s low, and resistance at 85.52, Wednesday’s high.<br/><br/> Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.01% to hit 1.4434 and GBP/USD falling 0.04% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Microsoft Prepares Massive Security Patch Posted: 11 Apr 2011 03:55 PM PDT 04/11/11 Microsoft will release a security patch, that will fix 64 vulnerabilities. 17 bulletins will be issued, to address vulnerabilities across many Windows … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 11 Apr 2011 03:35 PM PDT In order to expand its presence in Brazil, biotech company Amgen (NASDAQ:AMGN) entered into two deals recently. While one deal relates to the acquisition of a privately held Brazilian pharma company, the second deal relates to the reacquisition of rights to certain products.
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| Posted: 11 Apr 2011 03:35 PM PDT Vale S.A. (VALE) has announced that it will acquire South African copper and cobalt miner Metorex Limited (Metorex), for US$ 1,125 million.
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| Forex – NZD/USD Up In Asian Trade Posted: 11 Apr 2011 03:35 PM PDT Forex Pros – The New Zealand Dollar was higher against the U.S. Dollar on Monday.<br/><br/> NZD/USD was trading at 0.7816, up 0.24% at time of writing.<br/><br/> The pair was likely to find support at 0.7682, Wednesday’s low, and resistance at 0.7848, today’s high.<br/><br/> Meanwhile, the New Zealand Dollar was up against the Australian Dollar and the Euro, with AUD/NZD shedding 0.10% to hit 1.3447 and EUR/NZD falling 0.21% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 11 Apr 2011 10:20 AM PDT 04/12/11 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 Balance Transfer Credit Cards
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| Posted: 11 Apr 2011 03:10 PM PDT After securing an information and communication deal with Australia's Monash University, BMC Inc. (NYSE:BMC) is all set to roll out new product offerings to entice new customers.
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| Expedia To Spin Off TripAdvisor Posted: 11 Apr 2011 03:10 PM PDT Expedia Inc (NASDAQ:EXPE) announced that its Board of Directors had given preliminary approval to a proposal to spin off its TripAdvisor business. If the deal is formally approved by the Board and shareholders, Expedia shareholders would either receive a proportionate number of TripAdvisor shares, or there would be a reclassification of Expedia stock, in either case a tax-free transaction. Expedia shares jumped 12.9% in response to the news.
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| Posted: 11 Apr 2011 03:05 PM PDT Same-store sales at Fred's Inc. (NASDAQ:FRED) inched up 0.7% in the five-week period ended April 2, 2011 compared with an increase of 3.6% posted in the year-ago period. March comparable store sales met management's expectations and reflected the shift of Easter holiday from March last to April in 2011. Total retail sales in March 2011 climbed 3.0% to $188.8 million from $183.5 million in the year ago period.
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| Another Chinese JV For Caterpillar Posted: 11 Apr 2011 03:05 PM PDT Caterpillar Inc. (NYSE:CAT), in line with its concerted efforts to expand its product line in China, has agreed to form a joint venture with a Chinese auto parts manufacturer, Shaanxi Fast Gear Co. The venture will build drivetrain systems and other components for Caterpillar's machinery and produce a line of automatic transmissions for highway travel.
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| Posted: 11 Apr 2011 03:05 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.
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| Closing Bell Market Monitor: AMMD, LVLT, FLO, NYX, AA Posted: 11 Apr 2011 02:45 PM PDT 04/11/11 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
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| Stock Market Summary For Monday, April 11, 2011 Posted: 11 Apr 2011 02:43 PM PDT (NYSE:A) positive open for the stock market today reversed course as the S&P 500/Nasdaq Composite closed near the bottom of their intra-day trading ranges. The DJIA was flat in the session. Market breadth once again swayed towards the negative side and investor participation was somewhat there to validate the down session. Earnings season began after the closing bell tonight with Alcoa (symbol: AA) beating the EPS forecast but missed the revenue … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Medtronic To Combine Sales Team Posted: 11 Apr 2011 02:35 PM PDT Leading medical devices player, Medtronic (NYSE:MDT) has decided to combine its US Cardiac and Vascular Group sales functions into a single, unified sales organization effective from May 1, 2011. The former Vice President of sales for the company's largest segment — Cardiac Rhythm Disease Management — David Roberts will lead this new group of 2,700.
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| Posted: 11 Apr 2011 02:35 PM PDT BioScrip Inc. (NASDAQ:BIOS), a health care-related company recently received accreditation for its specialty pharmacy and mail service pharmacy from Utilization Review Accreditation Commission (URAC), a Washington-based health care accrediting organization that establishes quality standards for the health care industry.
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| General Dynamics Gets Contract Posted: 11 Apr 2011 02:35 PM PDT General Dynamics Corporation's (NYSE:GD) Information Technology business unit has been awarded a contract under the U.S. Department of Justice’s Information Technology Support Services 4 (ITSS4) program. The multiple-award, indefinite delivery, indefinite quantity contract has a maximum potential value of $1.1 billion spread over seven years.
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| China Reports Its First Trade Deficit In 11 Years Posted: 11 Apr 2011 09:15 AM PDT 04/11/11 For the first time since 2004, China posted its first quarterly trade deficit as commodity prices pushed up its import … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Google’s ITA Acquisition Cleared Posted: 11 Apr 2011 02:05 PM PDT Google Inc's (NASDAQ:GOOG) acquisition of ITA Software — which has been pending for many months — was finally cleared by the Department of Justice on April 8, 2011.
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| Posted: 11 Apr 2011 02:05 PM PDT Sanofi-Aventis (NYSE:SNY) recently completed its acquisition of biotech company Genzyme Corporation. With the completion of the acquisition, Genzyme, now a wholly-owned subsidiary of Sanofi, will be Sanofi's global center for excellence in rare diseases.
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| Alcoa: Big Year-Over-Year Growth Posted: 11 Apr 2011 02:05 PM PDT New York-based Alcoa Inc. (NYSE:AA) has kicked off another earnings season with its first quarter posting of 27 cents earnings per share (EPS) on revenues of $5.96 billion. This met the Zacks Consensus Estimate on the EPS side, but was down slightly from the $6.112 billion expected on the revenue side. Shares of Alcoa, the U.S.’s top producer of aluminum, had ticked down 0.84% in regular Monday trading by 15 cents per share to close at $17.77 before the company posted its earnings numbers. Since … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex – EUR/USD Down At The End Of U.S. Session Posted: 11 Apr 2011 01:55 PM PDT Forex Pros – The Euro was lower against the U.S. Dollar on Monday.<br/><br/> EUR/USD was trading at 1.4437, down 0.32% at time of writing.<br/><br/> The pair was likely to find support at 1.4228, Wednesday’s low, and resistance at 1.4488, Friday’s high.<br/><br/> Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.08% to hit 0.8833 and EUR/JPY falling 0.50% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Top Trade Ideas For Tuesday, April 12 Posted: 11 Apr 2011 01:52 PM PDT ( click to enlarge ) The daily Netflix, Inc. (NASDAQ:NFLX) chart shows a bearish MACD crossover that is increasingly evident in the last trading sessions. I also note that a possible double top pattern is developing on the daily chart. The near-term trend is bearish and the stock faces a strong resistance at 140-145. A close above this range is a pre-requisite for the reversal of the bearish trend. In addition, the short term stochastic signal is showing some bearish sign and the RSI … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Real Estate Rent Vs. Own – The Under-Considered Factor Posted: 11 Apr 2011 01:45 PM PDT "My wife wants to buy a house really bad. I read that it's cheaper to rent now. I'd like a house of my own, but it would really stretch our budget" said Szymon.
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| Shell Partners Chevron In Australia Posted: 11 Apr 2011 01:40 PM PDT Global integrated energy company Chevron Corporation (NYSE:CVX) announced that it has entered into an agreement with the Australian unit of Royal Dutch Shell plc (RDS.A) to sell a certain stake of its Wheatstone liquefied natural gas (LNG) project. Financial terms of the deal were not disclosed.
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| Forex – USD/JPY Down Toward The End Of U.S. Session Posted: 11 Apr 2011 01:40 PM PDT Forex Pros – The U.S. Dollar was lower against the Japanese Yen on Monday.<br/><br/> USD/JPY was trading at 84.61, down 0.16% at time of writing.<br/><br/> The pair was likely to find support at 84.52, today’s low, and resistance at 85.52, Wednesday’s high.<br/><br/> Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.35% to hit 1.4433 and GBP/USD falling 0.24% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Advaxis Inc.: Initiating Coverage With A Outperform Rating Posted: 11 Apr 2011 01:36 PM PDT Advaxis Inc.: Initiating coverage with a Outperform rating We are initiating coverage of Advaxis Inc. (ADXS) with an Outperform rating. Our twelve-month price target is $0.50. Advaxis (ADXS) is a development stage biotechnology company focused on the research, development and commercialization of safe and effective therapeutic cancer vaccines that utilize multiple mechanisms of immunity. The Company is developing a live, attenuated Listeria vaccine technology under license from … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 11 Apr 2011 01:36 PM PDT Siemens AG (NYSE:SI) has sold its stake in a joint venture to build nuclear power plants with Areva for €1.62 billion ($2.3 billion). The company sold its 34% stake on March 18 to Areva SA, which owns the remaining 66%.
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| Honeywell Teams Up With Boeing Posted: 11 Apr 2011 01:36 PM PDT Honeywell International (NYSE:HON) is collaborating with The Boeing Co. (NYSE:BA) to create an integrated security and building management platform to improve safety and operations at large facilities.
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| Posted: 11 Apr 2011 01:36 PM PDT The Procter & Gamble Company (NYSE:PG) voluntarily recalled ten shades of its Clairol Natural Instincts in the U.S., Canada and Puerto Rico. The recall was intended to withdraw a mismatched ColorFresh Revitalizer sachet in the kits that the company expected would not create a required color result. However, all the other products in the kit are safe.
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| Marshall & Ilsley Stays Neutral Posted: 11 Apr 2011 01:35 PM PDT We continue to maintain our long-term Neutral recommendation on Marshall & Ilsley Corporation (NYSE:MI). Although the turnaround in credit quality in the recent quarters has been impressive, the lack of core deposit growth and the ongoing interest rate volatility will likely keep net interest margin (NIM) under pressure.
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| Forex – EUR/USD Down Toward The End Of U.S. Session Posted: 11 Apr 2011 01:25 PM PDT Forex Pros – The Euro was lower against the U.S. Dollar on Monday.<br/><br/> EUR/USD was trading at 1.4428, down 0.39% at time of writing.<br/><br/> The pair was likely to find support at 1.4228, Wednesday’s low, and resistance at 1.4488, Friday’s high.<br/><br/> Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.12% to hit 0.8830 and EUR/JPY falling 0.56% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Hot Option Plays: Market Waits For First Round Of Earnings Posted: 11 Apr 2011 01:18 PM PDT Cusick’s Corner
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| U.S. Markets Mixed At Close; Dow Jones Up 0.01% Posted: 11 Apr 2011 01:10 PM PDT Forex Pros – U.S. stocks were mixed after the closing bell on Monday.<br/><br/> At the close of U.S. trade, the Dow Jones Industrial Average rose 0.01%, the S&P 500 index shed 0.28%, while the Nasdaq 100 index declined 0.29%.<br/><br/> Meanwhile, across the Atlantic, European stock markets closed lower. France’s CAC 40 was down 0.57%; Germany’s DAX shed 0.17%; Britain’s FTSE 100 declined 0.04%; and the EURO STOXX 50 fell … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 11 Apr 2011 01:05 PM PDT General Motors Co. (NYSE:GM) announced that it would recall 2,100 units of Cruze due to a problem with their steering wheel, which came loose in one of the sedans. Consumer Reports stated that the steering wheel in the vehicle had been installed improperly.
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| Posted: 11 Apr 2011 01:05 PM PDT We are currently maintaining our long-term Neutral rating on CSX Corporation (NYSE:CSX), supported by a Zacks #3 Rank (Hold) based on solid growth across all segments, strong cost-control measures and improvements in operating ratio. However, stiff competition, increased railroad regulation and highly unionized labor may limit the upside potential for the company.
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| Posted: 11 Apr 2011 01:05 PM PDT We reiterate our Neutral rating on Progress Energy Inc. (NYSE:PGN) as the company continues to face challenges in Florida. Also, the fluctuations in commodity prices, the uncertain regulatory environment and the pending approvals for its merger with Duke Energy Inc. (NYSE:DUK), keep us on the sidelines.
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| Forex Trading: AUDUSD Adding Bearish Developments Posted: 11 Apr 2011 01:03 PM PDT The AUDUSD made new highs today and failed. The price is down on the day The next hurdle will be formidable as it looks to test the 38.2% of the move up from the April 5th low to the high today at the 1.0467 level and the 100 hour MA (blue line in the chart above) at the same … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex – GBP/USD Down During The U.S. Session Posted: 11 Apr 2011 12:45 PM PDT Forex Pros – The British Pound was lower against the U.S. Dollar on Monday.<br/><br/> GBP/USD was trading at 1.6350, down 0.20% at time of writing.<br/><br/> The pair was likely to find support at 1.6258, Wednesday’s low, and resistance at 1.6427, Friday’s high.<br/><br/> Meanwhile, the British Pound was up against the Euro and down against the Japanese Yen, with EUR/GBP shedding 0.14% to hit 0.8828 and GBP/JPY falling 0.33% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| EUR/GBP’s Slingshot Scenario; Elliott Wave Count Posted: 11 Apr 2011 12:35 PM PDT EUR/GBP Weekly Outlook – If 0.88 Becomes Support, 0.8940 and 0.9140 is in Sight (4/8) Short to Medium term- The EUR/GBP came down to test 0.88, a critical pivot noted in the previous post.
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| Leucadia To Raise Stake In Jefferies Posted: 11 Apr 2011 12:35 PM PDT Leucadia National Corporation (NYSE:LUK) recently announced that it will increase its stake in Jefferies Group Inc. (NYSE:JEF), a full service investment bank.
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| Toyota Suspends N. American Prod. Posted: 11 Apr 2011 12:35 PM PDT Toyota Motor Corp. (NYSE:TM) revealed that it will undertake one-day production shutdowns at all its plants in North America, except Georgetown, Kentucky, due to the earthquake and tsunami in Japan on March 11 that damaged many parts supplying companies' plants, leading to a shortage in components supply. The one-day shutdowns will begin April 15 and end April 25.
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| Posted: 11 Apr 2011 12:35 PM PDT Limited Brands Inc. (NYSE:LTD), a specialty retailer of women's intimate and other apparel, beauty and personal care products recently posted healthy sales results for the five-week period ended April 2, 2011 on the heels of healthy sales at its Victoria’s Secret Stores and Bath and Body Works.
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| Posted: 11 Apr 2011 12:15 PM PDT "LD, how are we going to be able to navigate the economic landscape with gas prices headed to $5.00/gallon?" Great question. I will ask Ben Bernanke and Tim Geithner the next time I see them given that their policies to save the banking system have crushed the dollar and imposed these increasing costs for gasoline, food, and so much more on the American consumer. Congratulations, Ben!! Well done, Tim!!
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| U.S. Rig Count: Up Another 6 Units Posted: 11 Apr 2011 12:10 PM PDT In its weekly release, Houston-based oilfield services company Baker Hughes Inc. (NYSE:BHI) reported a rise in the U.S. rig count (number of rigs searching for oil and gas in the country), primarily reflecting an increase in the tally of land rigs.
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| Posted: 11 Apr 2011 12:10 PM PDT Fed vice-chair Janet Yellen is probably, after Ben Bernanke, the most influential voice on the Fed, and what she says provides clues to what the Fed will be doing in the near and intermediate term future. Today she spoke to the Economic Club of New York. While the speech (which can be found here) is worth reading in its entirety, it is too long for me to do a full presentation and paragraph by paragraph response. Thus I will pull out some of the key paragraphs and respond to those. I generally … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex – USD/CAD Up In U.S. Trade Posted: 11 Apr 2011 12:10 PM PDT Forex Pros – The U.S. Dollar was higher against the Canadian Dollar on Monday.<br/><br/> USD/CAD was trading at 0.9568, up 0.13% at time of writing.<br/><br/> The pair was likely to find support at 0.9527, Friday’s low, and resistance at 0.9641, Wednesday’s high.<br/><br/> Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.39% to hit 1.4427 and GBP/USD falling 0.20% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex – EUR/USD Down In U.S. Trading Hours Posted: 11 Apr 2011 11:45 AM PDT Forex Pros – The Euro was lower against the U.S. Dollar on Monday.<br/><br/> EUR/USD was trading at 1.4431, down 0.36% at time of writing.<br/><br/> The pair was likely to find support at 1.4228, Wednesday’s low, and resistance at 1.4488, Friday’s high.<br/><br/> Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.12% to hit 0.8830 and EUR/JPY falling 0.50% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Why High Oil Prices Are Likely Here To Stay Posted: 10 Apr 2011 10:00 PM PDT A number of forces continued to push oil prices higher last week, reaching their highest levels in the U.S. since September 2008.
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