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- Forex – NZD/USD Down In Asian Trade
- The Day Ahead: Earnings – Petrobras; US CPI, U. Of Michigan Consumer Sentiment, Euro-zone GDP
- Visa To Debut Digital Wallet In Autumn
- Devon-BP Deal Gets Brazil Consent
- Stock Market Summary For Thursday, May 12, 2011
- Hot Option Plays: The Good & Not So Good
- EMC’s New User Interface For Apple
- Constellation For Big Solar Job
- F-35 Smorgasbord Continues
- Unilever Takes Over Alberto
- ITT Wins Indian Order
- BioScrip Upgraded To Neutral
- Teva Generic Sales Remain Weak
- Grainger Reports April Sales
- “The Biggest Challenge For Chinese IPO’s Is Market Situation”
- Analyst Interviews: Chemical Industry Outlook
- Revenues Rise At Simcere Pharma
- Penske Commences Dividend Payout
- Closing Bell Market Monitor: CSCO, GS, KSS, SYMC
- Forex – EUR/USD Up At The End Of U.S. Session
- Forex – USD/JPY Down Toward The End Of U.S. Session
- Stock Market Summary For Thursday, May 12, 2011 Special Alert Short Candidates
- GM To Invest In 17 U.S. Plants
- Liberty Property Sells Assets
- Wright Launches INBONE II System
- Foster Wheeler Upgrades Refinery
- First Solar Seeks Greater Presence
- Lockheed Takes Up USMC Order
- Earnings Scorecard: Universal Technical
- Eli Lilly In Neutral Lane
- Forex – EUR/USD Up Toward The End Of U.S. Session
- U.S. Markets Close Higher; Dow Jones Up 0.52%
- Crude Stock Pile-up Trend Continues
- Forex – GBP/USD Down During The U.S. Session
- Earnings Scorecard: Zimmer Holdings
- Debt-Ceiling Insurance Needed?
- Hot Option Plays: Equities Cannot Be Denied
- How Do We Trade The Gold-Silver Correction And Dollar Dead Cat Bounce?
- Forex – USD/CAD Up In U.S. Trade
- Concur Joins Cloud Network
- Earnings Scorecard: Boston Properties
- Sonoco Rebuilds Hartselle Plant
- Medtronic Gets New CEO
- Nissan Turns To Profit
- Forex – EUR/USD Up In U.S. Trading Hours
- Investors Peruse Kohl’s Options
- People’s Bank Of China Raises Reserve Requirements 50bps To 21%
- Bank Indonesia Holds Benchmark Interest Rate At 6.75%
- Dollar Pares Gains On Commodity & Equity Market Boost
- Stock Screening Using David Dreman’s Contrarian Investment Approach
- Policy Reforms Pave Way For Indonesia
| Forex – NZD/USD Down In Asian Trade Posted: 12 May 2011 04:50 PM PDT Forex Pros – The New Zealand Dollar was lower against the U.S. Dollar on Thursday.<br/><br/> NZD/USD was trading at 0.7938, down 0.21% at time of writing.<br/><br/> The pair was likely to find support at 0.7842, today’s low, and resistance at 0.7991, today’s high.<br/><br/> Meanwhile, the New Zealand Dollar was down against the Australian Dollar and the Euro, with AUD/NZD gaining 0.04% to hit 1.3426 and EUR/NZD rising 0.11% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| The Day Ahead: Earnings – Petrobras; US CPI, U. Of Michigan Consumer Sentiment, Euro-zone GDP Posted: 12 May 2011 10:55 AM PDT 05/12/11 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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| Visa To Debut Digital Wallet In Autumn Posted: 12 May 2011 03:55 PM PDT 05/12/11 Visa will launch its digital wallet platform in Fall 2011. North American consumers can utilize the service for making … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Devon-BP Deal Gets Brazil Consent Posted: 12 May 2011 03:32 PM PDT Devon Energy Corporation (NYSE:DVN) said it is close to completing its strategic repositioning, which was long pending for approval of the Brazilian government. Yesterday, Devon said that it has received approval from the Brazilian government for the sale of its assets in Brazil to BP Plc (NYSE:BP) for $3.2 billion.
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| Stock Market Summary For Thursday, May 12, 2011 Posted: 12 May 2011 03:27 PM PDT With the major indexes opening today’s session down and things looking grim stocks staged a recovery and were able to reverse decent losses and finish higher with mild gains. Market breadth was generally positive but investor participation did not indicate the positive reversal had strong backing behind it. At one point today the DJIA, S&P 500, and Nasdaq Composite all breached their 21-day moving averages intra-day. However, by the close the 21-day moving averages once again proved to be a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Hot Option Plays: The Good & Not So Good Posted: 12 May 2011 03:17 PM PDT Cusick’s Corner
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| EMC’s New User Interface For Apple Posted: 12 May 2011 03:02 PM PDT At the EMCWorld 2011, EMC Corp.'s (NYSE:EMC) Information Intelligence Group (IIG) launched its first mobile user interface for Apple's (NASDAQ:AAPL) iPad devices. In future, the mobile interface will also be available for other tablet variants and smartphones.
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| Constellation For Big Solar Job Posted: 12 May 2011 03:02 PM PDT Constellation Energy Group Inc. (NYSE:CEG) was selected by U.S. based privately held Toy retailer, Toys R Us, to build, own, operate and maintain North America’s largest rooftop solar power project atop one of its New Jersey distribution centers.
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| Posted: 12 May 2011 03:02 PM PDT Lockheed Martin Corporation's (NYSE:LMT) F-35 Lightning II Joint Strike Fighter will continue to have two separate, interchangeable engines, which are under development.
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| Posted: 12 May 2011 03:02 PM PDT The consumer product giant Unilever Plc. (NYSE:UL) has completed its takeover of Chicago-based Alberto Culver on May 10, 2011 for $3.7 billion.
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| Posted: 12 May 2011 02:32 PM PDT ITT Corporation (NYSE:ITT) has been awarded a contract to provide two water pumping stations for Sardar Sarovar Narmada Nigam Limited's Kutch Branch Canal Lift Irrigation Project in Gujarat, India. Combined capacity is estimated to be 196 million liters daily.
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| Posted: 12 May 2011 02:27 PM PDT Following a significant boost in BioScrip Inc.'s (NASDAQ:BIOS) top line, triggered by balanced growth across its segments, we have upgraded our recommendation on BioScrip to Neutral.
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| Teva Generic Sales Remain Weak Posted: 12 May 2011 02:27 PM PDT Teva Pharmaceutical Industries' (NASDAQ:TEVA) first quarter earnings of $1.04 per American Depository Share (ADS) were in-line with the Zacks Consensus Estimate. Earnings, however, increased 14.3% from the year-ago period.
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| Posted: 12 May 2011 02:27 PM PDT W.W. Grainger Inc. (NYSE:GWW) has reported sales for the month of April, 2011. Daily sales during the month increased 14% compared with the same period during 2010. The improvement in sales included 1% contribution each from acquisitions and foreign exchange.
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| “The Biggest Challenge For Chinese IPO’s Is Market Situation” Posted: 12 May 2011 02:15 PM PDT 05/2/11 In an exclusive interview, Michael Yang, Chief Representative for the NYSE Beijing Office, gives us his take on the recent string of Chinese … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Analyst Interviews: Chemical Industry Outlook Posted: 12 May 2011 02:02 PM PDT Chemicals are generally used to make a wide variety of consumer goods and are also used in agriculture, manufacturing, construction, and service industries. The chemical industry itself consumes 26% of its own output. Major industrial customers include rubber and plastic products, textiles, apparel, petroleum refining, pulp and paper, and primary metals. The chemical industry has shown rapid growth for more than fifty years. The fastest-growing areas have involved the manufacture of synthetic … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Revenues Rise At Simcere Pharma Posted: 12 May 2011 02:02 PM PDT Simcere Pharmaceutical Group's (NYSE:SCR) first quarter 2011 earnings of 8 cents per American Depositary Share (ADS) surpassed the year-ago earnings by 3 cents. However, earnings in the quarter fell short of the Zacks Consensus Estimate by 3 cents. The year over year rise in earnings was attributable to higher revenues recorded in the first quarter of 2011.
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| Penske Commences Dividend Payout Posted: 12 May 2011 02:02 PM PDT Penske Automotive Group Inc. (NYSE:PAG) has recently announced that it will pay a quarterly cash dividend of 7 cents per share to its shareholders of record as of May 20, 2011. The dividend, which is expected to be paid on June 03, 2011, will be the company's first dividend payment since 2008.
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| Closing Bell Market Monitor: CSCO, GS, KSS, SYMC Posted: 12 May 2011 09:00 AM PDT 05/12/11 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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| Forex – EUR/USD Up At The End Of U.S. Session Posted: 12 May 2011 01:55 PM PDT Forex Pros – The Euro was higher against the U.S. Dollar on Thursday after the release of U.S. data on Initial Jobless Claims.<br/><br/> EUR/USD was trading at 1.4247, up 0.39% at time of writing.<br/><br/> The pair was likely to find support at 1.4124, today’s low, and resistance at 1.4442, Monday’s high.<br/><br/> Earlier in the day, official data showed that U.S. Initial Jobless Claims fell less-than-expected to a seasonally adjusted … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex – USD/JPY Down Toward The End Of U.S. Session Posted: 12 May 2011 01:40 PM PDT Forex Pros – The U.S. Dollar was lower against the Japanese Yen on Thursday after the release of U.S. data on Initial Jobless Claims.<br/><br/> USD/JPY was trading at 80.96, down 0.12% at time of writing.<br/><br/> The pair was likely to find support at 80.16, Monday’s low, and resistance at 81.32, today’s high.<br/><br/> Earlier in the day, official data showed that U.S. Initial Jobless Claims fell less-than-expected to a seasonally … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Stock Market Summary For Thursday, May 12, 2011 Special Alert Short Candidates Posted: 12 May 2011 01:33 PM PDT From the list of stocks we posted on Monday, May 2, 2011 as potential candidates to sell short we covered the short in L-1 Identity Solutions Inc. (symbol: ID) at today’s market open price of $10.76. ID returned 8.4% in 10 days based on the market open price of $11.75 from Monday, May 2, 2011. In addition, we are going to cover the short positions in Alcatel-Lucent (symbol: ALU) and Vornado Realty Trust (symbol: VNO) at tomorrow’s market open prices. Through today’s … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| GM To Invest In 17 U.S. Plants Posted: 12 May 2011 01:32 PM PDT General Motors Co. (NYSE:GM) announced that it would invest a total of $2 billion at 17 assembly and components plants in eight states in the U.S. The investment is expected to create or preserve more than 4,000 jobs at the plants.
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| Posted: 12 May 2011 01:32 PM PDT Liberty Property Trust (NYSE:LRY), a real estate investment trust (REIT), divested 32 properties, spanning 1.4 million square feet of space in the Lehigh Valley region in Pennsylvania for approximately $124 million.
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| Wright Launches INBONE II System Posted: 12 May 2011 01:32 PM PDT International orthopedic devices company Wright Medical (NASDAQ:WMGI) recently commenced the full commercial launch of its new ankle replacement system. The new INBONE II total ankle replacement system leverages the success of the company's legacy INBONE ankle system which was introduced in 2006.
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| Foster Wheeler Upgrades Refinery Posted: 12 May 2011 01:32 PM PDT A subsidiary of Global Engineering and Construction Group of Foster Wheeler AG (NASDAQ:FWLT) received a basic design engineering package and engineering, procurement and construction management (EPCm) contract from Thai Oil Public Company Limited. Thai Oil refinery at Sriracha will be using Forster Wheeler's EPCm services for the Emission Improvement and its PSA-3 project.
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| First Solar Seeks Greater Presence Posted: 12 May 2011 01:32 PM PDT Solar planes maker First Solar Inc. (NASDAQ:FSLR) and China Power International New Energy Holding Limited (CPINE), a wholly-owned subsidiary of China Power New Energy Development Company Limited (CPNE), have agreed to pool their resources for solar photovoltaic (PV) projects in China, the United States and other international markets.
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| Posted: 12 May 2011 01:32 PM PDT Defense contractor, Lockheed Martin Corporation (NYSE:LMT) said it has received a $24 million contract from the U.S. Marine Corps to provide new systems and upgrades for its gunnery trainers and Light Armored Vehicles.
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| Earnings Scorecard: Universal Technical Posted: 12 May 2011 01:32 PM PDT Universal Technical Institute Inc. (NYSE:UTI), which provides professional automotive, diesel, collision repair, motorcycle and marine programs recently, posted second-quarter 2011 results.
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| Posted: 12 May 2011 01:32 PM PDT We recently reiterated a Neutral recommendation (Zacks #3 Rank – short term Hold rating) on Eli Lilly and Company (NYSE:LLY). The company reported first quarter 2011 results on April 18 with both earnings and revenues topping expectations.
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| Forex – EUR/USD Up Toward The End Of U.S. Session Posted: 12 May 2011 01:25 PM PDT Forex Pros – The Euro was higher against the U.S. Dollar on Thursday after the release of U.S. data on Initial Jobless Claims.<br/><br/> EUR/USD was trading at 1.4243, up 0.36% at time of writing.<br/><br/> The pair was likely to find support at 1.4124, today’s low, and resistance at 1.4442, Monday’s high.<br/><br/> Earlier in the day, official data showed that U.S. Initial Jobless Claims fell less-than-expected to a seasonally adjusted … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| U.S. Markets Close Higher; Dow Jones Up 0.52% Posted: 12 May 2011 01:10 PM PDT Forex Pros – U.S. stocks were up after the closing bell on Thursday.<br/><br/> At the close of U.S. trade, the Dow Jones Industrial Average rose 0.52%, the S&P 500 index gained 0.49%, while the Nasdaq 100 index climbed 0.62%.<br/><br/> Earlier in the day, official data showed that U.S. Initial Jobless Claims fell less-than-expected to a seasonally adjusted 434K last week from 478K in the preceding week whose figure was revised up from 474K.<br/><br/> … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Crude Stock Pile-up Trend Continues Posted: 12 May 2011 12:57 PM PDT The U.S. Energy Department’s weekly inventory release showed a continued build-up in crude stockpile, which are now at their highest level in two years. The agency's report further revealed that gasoline stocks rose after eleven consecutive weeks of decline, while distillate supplies fell unexpectedly. Meanwhile, refiners reduced processing rates by 1.1%, with current utilization remaining at a usually low 81.7% of capacity.
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| Forex – GBP/USD Down During The U.S. Session Posted: 12 May 2011 12:45 PM PDT Forex Pros – The British Pound was lower against the U.S. Dollar on Thursday after the release of U.K. data on Industrial Production.<br/><br/> GBP/USD was trading at 1.6280, down 0.40% at time of writing.<br/><br/> The pair was likely to find support at 1.6235, today’s low, and resistance at 1.6517, Wednesday’s high.<br/><br/> Earlier in the day, official data showed that Industral production in the U.K. rose less-than-expected to a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Earnings Scorecard: Zimmer Holdings Posted: 12 May 2011 12:32 PM PDT Following the release of first quarter fiscal 2011 results of Zimmer Holdings (NYSE:ZMH) on April 28, 2011, estimate revisions by analysts have moved in both directions for the second quarter. However, expecting a gradual recovery in terms of procedure volume in the second half, estimates revisions are on the positive side.
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| Debt-Ceiling Insurance Needed? Posted: 12 May 2011 12:32 PM PDT I am getting increasingly concerned that Congress will not pass an increase in the debt ceiling before it is too late and the U.S. Government will default, at least temporarily, on its obligations. To be clear, I do not think this is the most likely outcome — not by a long shot. However, the odds of it happening are no longer negligible. If this were to happen, the results could well be disastrous. After all, T-notes are considered the safest investments in the world, at least with respect to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Hot Option Plays: Equities Cannot Be Denied Posted: 12 May 2011 12:18 PM PDT Cusick’s Corner
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| How Do We Trade The Gold-Silver Correction And Dollar Dead Cat Bounce? Posted: 12 May 2011 12:12 PM PDT The US dollar has been reacting very bullish to the death of Osama bin Laden, the figurehead of Al Qaeda. Short-term investors have shown a renewed interest in the US dollar (UUP) as near-term resistance and the 50-day moving average have broken to the upside. Word has spread that this has been a critical blow to the Al Qaeda network, but countries are preparing for retaliatory attacks. Bin Laden's demise came at a crucial time as investors were rushing to flee the dollar … [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: 12 May 2011 12:10 PM PDT Forex Pros – The U.S. Dollar was higher against the Canadian Dollar on Thursday.<br/><br/> USD/CAD was trading at 0.9626, up 0.08% at time of writing.<br/><br/> The pair was likely to find support at 0.9514, Wednesday’s low, and resistance at 0.9696, Monday’s high.<br/><br/> Meanwhile, the U.S. Dollar was down against the Euro and up against the British Pound, with EUR/USD gaining 0.30% to hit 1.4234 and GBP/USD falling 0.37% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 12 May 2011 12:02 PM PDT Concur Technologies Inc. (NASDAQ:CNQR) has joined the NetSuite (NYSE:N) SuiteCloud Developer Network and is collaborating with NetSuite to use the SuiteCloud development platform to create an integration of Concur with NetSuite.
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| Earnings Scorecard: Boston Properties Posted: 12 May 2011 12:02 PM PDT Boston Properties Inc. (NYSE:BXP), a leading real estate investment trust (REIT), reported fiscal 2011 first quarter funds from operations (FFO) of $1.12 per share, which well exceeded the Zacks Consensus Estimate by 3 cents. Fund from operations, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income.
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| Sonoco Rebuilds Hartselle Plant Posted: 12 May 2011 12:02 PM PDT Sonoco Products Co. (NYSE:SON) has started rebuilding the Hartselle, Alabama operations, damaged by fire in November 2010 and expects to commence production later this summer.
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| Posted: 12 May 2011 12:02 PM PDT Leading medical devices player, Medtronic (NYSE:MDT) announced that Omar Ishrak will be its new chairman and CEO, effective June 13, 2011. Omar Ishrak has been president and CEO of the $12 billion GE Healthcare Systems, a division of General Electric (NYSE:GE). Omar Ishrak will replace William A. Hawkins, who had announced in December 2010 his intention to retire at the end of fiscal 2011.
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| Posted: 12 May 2011 12:02 PM PDT Nissan Motor Co. (NASDAQ:NSANY) posted a profit of ¥30.77 billion ($380 million) in the fourth quarter of the year in stark contrast to a loss of ¥11.6 billion in the year-ago quarter. Sales in the quarter appreciated 10% to ¥2.35 trillion ($29 billion).
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| Forex – EUR/USD Up In U.S. Trading Hours Posted: 12 May 2011 11:45 AM PDT Forex Pros – The Euro was higher against the U.S. Dollar on Thursday after the release of U.S. data on Initial Jobless Claims.<br/><br/> EUR/USD was trading at 1.4247, up 0.39% at time of writing.<br/><br/> The pair was likely to find support at 1.4124, today’s low, and resistance at 1.4442, Monday’s high.<br/><br/> Earlier in the day, official data showed that U.S. Initial Jobless Claims fell less-than-expected to a seasonally adjusted … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Investors Peruse Kohl’s Options Posted: 12 May 2011 11:37 AM PDT Investors peruse Kohl's options
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| People’s Bank Of China Raises Reserve Requirements 50bps To 21% Posted: 12 May 2011 10:34 AM PDT The People’s Bank of China raised the required reserve ratio by 50 basis points, bringing the average rate to 21% for large banks (and 19% for smaller banks), effective 18 May 2011. Earlier in the week Chinese Vice Premier Wang Qishan said “The most pressing problem we are facing right now is the problem of inflation,”. China reported inflation of 5.3% in April, compared to 5.4% in March this year, and above the government’s target of 4%. The move is expected to drain around … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Bank Indonesia Holds Benchmark Interest Rate At 6.75% Posted: 12 May 2011 10:21 AM PDT Bank Indonesia maintained its benchmark interest rate unchanged at 6.75% but noted inflation risks. Indonesia reported headline consumer price inflation of 6.16% in April, down slightly from 6.65% in March, and just outside the inflation target of 5% +/-1% in 2011 (which changes to 4.5% +/-1% in 2012). The Indonesian economy expanded 6.5% on an annual basis in Q1 this year, slightly slower than 6.9% in Q4 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Dollar Pares Gains On Commodity & Equity Market Boost Posted: 12 May 2011 09:45 AM PDT 05/12/11 The US dollar reversed earlier gains this afternoon as a rebound in commodity, metal, and equity markets have spiked investor interest in higher-yielding … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Stock Screening Using David Dreman’s Contrarian Investment Approach Posted: 12 May 2011 07:18 AM PDT In brief David Dreman champions a contrarian investment approach based on interpreting market psychology and using value measures to pick stocks that are out of favour with the market. Background Canadian-born Dreman founded his first investment firm in 1977 and is currently the founder, chairman and chief investment officer of Dreman Value Management LLC. He has written a series of highly acclaimed books and his best selling Contrarian Investment Strategies: The Next Generation, was … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Policy Reforms Pave Way For Indonesia Posted: 11 May 2011 10:00 PM PDT Known as the world's largest archipelago, Indonesia is made of 17,000 islands—eight major ones—between the Indian and Pacific Oceans with the most volcanoes in the world. Almost half of the country's population lives in an urban environment. Jakarta, the capital and largest city, is home to more than 9 million people. Literacy in Indonesia is high: 90 percent of the population aged 15 and over can read and write. Yet this highly literate country lags nearby southeastern Asian countries … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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