DailyMarkets.com - GD Gets Follow-on Contract
DailyMarkets.com - GD Gets Follow-on Contract |
- GD Gets Follow-on Contract
- Billion Dollar Deal For UTX
- Willis Forms Life Solutions Group
- Hanger Remains Outperform
- Underperform On Precision Castparts
- Forex – USD/JPY Up During Asian Trade
- Varian Invests In Augmenix
- Exelon Buys Texas Plant
- Accenture Wins Insurance Deal
- Negative Asset Growth For Schwab
- Summer Air Travel Expected To Climb
- Gap Forays Into Serbia And Ukraine
- Forex – NZD/USD Up In Asian Trade
- IBM Moves Clients From Oracle
- Ericsson To Build LTE In Korea
- NU Unit Builds New Solar Plant
- R.R. Donnelley Signs New Deal
- Stock Market Summary For Monday, May 16, 2011
- The Day Ahead: Earnings – Dell, Home Depot, Wal-Mart, US Housing Starts, Industrial Production
- Hot Option Plays: Consumer Now In Question
- Seagate Jumps Into IPhone, Pad, IPod Business Of Apple
- Are Oil Prices A Threat To The U.S. Economy?
- Southwest’s New Labor Contract
- Q1 Results In-Line
- Align To Support Cadent Product
- Eaton Acquires Internormen Tech
- Silgan Downgraded By Moody’s
- Kimberly-Clark’s New
- The Deleveraging Of American Households
- Chrysler Shutdowns Sooner
- Teva Bolsters Position In Japan
- DOW Suspending Louisiana Ops
- Dillard’s Beats Estimates
- TOTAL Commences Trinidad Phase 2
- Closing Bell Market Monitor: NYX, LOW
- Forex – EUR/USD Up At The End Of U.S. Session
- Forex – USD/JPY Down Toward The End Of U.S. Session
- Dr. Reddy’s Continues To Grow
- Ensco Stays Neutral
- Yum Makes Offer For Little Sheep
- Forex – EUR/USD Up Toward The End Of U.S. Session
- U.S. Markets Close Lower; Dow Jones Down 0.38%
- Moody’s Rates Prudential Notes
- Domestic Strains In Telefonica 1Q
- Forex – GBP/USD Up During The U.S. Session
- Earnings Preview: Limited Brands
- Thermo Gets Active On Dionex Buyout
- Liberty Property Divests Assets
- Is The Debt Ceiling Constitutional?
- Forex – USD/CAD Up In U.S. Trade
- Medtronic’s Edge In Spinal Treatment
- GM Keeps Plants In Force, Offers Job
- Real Profits Of U.S. Manufacturing Corporations Have Recovered To All-Time Record-High Levels
- Forex – EUR/USD Up In U.S. Trading Hours
- Three Reasons To Believe In $100 Oil
Posted: 16 May 2011 05:02 PM PDT General Dynamics Information Technology, a business unit of General Dynamics (NYSE:GD), was awarded a follow-on task order to continue providing claims processing support to the Department of Health and Human Services’ Centers for Medicare and Medicaid Services (CMS). The contract has a total potential value of $95 million spread over a period of five years. |
Posted: 16 May 2011 04:32 PM PDT United Technologies Corporation (NYSE:UTX) has bagged U.S. Navy contract updates totaling about $1 billion to provide engines for the multi-national F-35 fighter jet program. |
Willis Forms Life Solutions Group Posted: 16 May 2011 04:32 PM PDT Willis Re, a part of Willis Group (NYSE:WSH), has formed Life Solutions Group to offer advice on risk mitigation and financial leverage. Rick Hodgdon, Mike Kaster and Brian Holland will lead the new entity. |
Posted: 16 May 2011 04:32 PM PDT We reaffirm our Outperform rating on orthotic and prosthetic (O&P) company Hanger Orthopedic (NYSE:HGR) as we remain upbeat about its business prospects. Earnings for first-quarter fiscal 2011 matched the Zacks Consensus Estimate while profit skyrocketed 55% year over year owing to the combined impact of higher revenues and management's cost containment initiatives. |
Underperform On Precision Castparts Posted: 16 May 2011 04:32 PM PDT Precision Castparts Corp. (NYSE:PCP) released its fourth quarter 2011 earnings results, reporting earnings per share from continuing operations of $1.87 compared with $1.66 per share in the prior year quarter. The company underperformed the Zacks Consensus Estimate by 4 cents. |
Forex – USD/JPY Up During Asian Trade Posted: 16 May 2011 04:15 PM PDT Forex Pros – The U.S. Dollar was higher against the Japanese Yen on Monday.<br/><br/> USD/JPY was trading at 80.82, up 0.04% at time of writing.<br/><br/> The pair was likely to find support at 80.35, Friday’s low, and resistance at 81.32, Thursday’s high.<br/><br/> Meanwhile, the U.S. Dollar was up against the Euro and down against the British Pound, with EUR/USD shedding 0.02% to hit 1.4153 and GBP/USD rising 0.07% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Posted: 16 May 2011 04:02 PM PDT Leading integrated radiotherapy systems maker Varian Medical Systems (NYSE:VAR) has inked a pact with privately-held Augmenix, under which, Varian will make a $15 million equity investment in the latter. The agreement also provides the California-based company with an option to acquire Augmenix, which makes hydrogels used in radiation therapy. |
Posted: 16 May 2011 03:57 PM PDT Diversified utility Exelon Corporation (NYSE:EXC) said it has signed a deal to buy a combined-cycle natural gas-fired power plant in north Texas, called Wolf Hollow, in order to expand its clean power generation fleet and its presence in the competitive Texas energy market. Exelon will pay $305 million to Sequent Wolf Hollow LLC to acquire the Texas plant. |
Posted: 16 May 2011 03:57 PM PDT Accenture plc (NYSE:ACN) recently sealed a deal with Navy Mutual Aid Association. Financial details of the deal were not disclosed. |
Negative Asset Growth For Schwab Posted: 16 May 2011 03:57 PM PDT On Friday, Charles Schwab Corp. (NASDAQ:SCHW) released its Monthly Activity Report for April 2011, recording net outflows of $0.5 billion in net new assets (including both new and existing clients) as the customers withdrew money to pay income taxes. This is the first time that the company has reported a net outflow since June 2010. |
Summer Air Travel Expected To Climb Posted: 16 May 2011 03:55 PM PDT 05/16/11 The Air Transport Association of America expects to see domestic air travel rise, while international travel is forecast to spike to record … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Gap Forays Into Serbia And Ukraine Posted: 16 May 2011 03:37 PM PDT Gap Inc. (NYSE:GPS), as part of its expansion project in the $1.4 trillion global apparel market, has taken a step forward to introduce its brand in Serbia and Ukraine. It plans to launch the Gap brand in these Eastern European nations through contracts with existing franchises. |
Forex – NZD/USD Up In Asian Trade Posted: 16 May 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 0.7801, up 0.06% at time of writing.<br/><br/> The pair was likely to find support at 0.7756, today’s low, and resistance at 0.7991, Thursday’s high.<br/><br/> Meanwhile, the New Zealand Dollar was down against the Australian Dollar and up against the Euro, with AUD/NZD gaining 0.07% to hit 1.3548 and EUR/NZD falling 0.04% … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Posted: 16 May 2011 03:32 PM PDT IBM Corp. (NYSE:IBM) introduced new migration resources to pace up the process to shift clients using Oracle Corp (NASDAQ:ORCL) software to IBM software. |
Ericsson To Build LTE In Korea Posted: 16 May 2011 03:32 PM PDT LM Ericsson Telephone Company (NASDAQ:ERIC) via subsidiary company LG-Ericsson, has entered into an agreement with LG U+, a Korean wireless service provider, to build a ultra-high speed next generation (LTE) commercial service network. |
NU Unit Builds New Solar Plant Posted: 16 May 2011 03:32 PM PDT Northeast Utilities (NYSE:NU) announced that its unit Western Massachusetts Electric Company ("WMECo") will develop a solar energy facility in the Indian Orchard section of Springfield. |
Posted: 16 May 2011 03:32 PM PDT A leading provider of integrated communications and printing solutions, R.R. Donnelley & Sons Co. (NYSE:RRD) recently signed a global supply chain agreement with renowned publishers HarperCollins, a subsidiary of News Corporation (NYSE:NWS). |
Stock Market Summary For Monday, May 16, 2011 Posted: 16 May 2011 03:29 PM PDT Stocks sold off today with the Nasdaq Composite suffering the biggest losses as the technology sector declined 1.4%. The losses were smaller on the DJIA and S&P 500 because the consumer staples, health care, and utilities sectors managed to finish flat or slightly up indicating money is moving out of the market or to more defensive sectors of the market. Market breadth favored the bears as well and the major indexes which have been finding support near their 21-day moving averages were … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
The Day Ahead: Earnings – Dell, Home Depot, Wal-Mart, US Housing Starts, Industrial Production Posted: 16 May 2011 10:20 AM PDT 05/16/11 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 |
Hot Option Plays: Consumer Now In Question Posted: 16 May 2011 03:18 PM PDT Cusick’s Corner |
Seagate Jumps Into IPhone, Pad, IPod Business Of Apple Posted: 16 May 2011 03:17 PM PDT Big news out of Seagate in announcing today the first mobile wireless storage device for iOS devices (iPhones, iPads, and iPod Touches,(NASDAQ:AAPL). Nothing like joining the Smartphone revolution! |
Are Oil Prices A Threat To The U.S. Economy? Posted: 16 May 2011 03:16 PM PDT No, according to this video presentation by Fisher Investments,where they feature three charts to support the position that today’s high oil prices don’t pose a threat to the economic expansion: a) energy spending as a percent of disposable income is only 5.2% allowing to absorb temporarily high oil and gas prices, b) we have the most energy efficient economy in history, with oil consumption per real dollar of GDP at an all-time low, and c) while real output is now above its … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Southwest’s New Labor Contract Posted: 16 May 2011 03:02 PM PDT Southwest Airlines Co. (NYSE:LUV), one of the leading discounted airlines in the U.S., has reached a tentative agreement with the Aircraft Mechanics Fraternal Association that represents 260 appearance technicians. |
Posted: 16 May 2011 03:02 PM PDT Brian Marckx, CFA SANUWAVE Health (SNWV) announced financial results for the first quarter ending March 31, 2011 on May 16, 2011. Aside from operating expenses coming in about 16% lower than our estimate, results were very much in-line with our expectations. The 10-Q did not include any other surprises. Noteworthy is that SANUWAVE continues to expect to make the final PMA module filing for dermaPACE during the current (Q2) … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Align To Support Cadent Product Posted: 16 May 2011 03:02 PM PDT Recently, Align Technology (NASDAQ:ALGN) identified interoperability with Cadent Holdings’ orthodontic full arch scanning process for the use in its Invisalign treatment. This interceptive Invisalign procedure of Align will be available on Cadent's OrthoCAD iOC system with latest software version iOC 4.0. |
Eaton Acquires Internormen Tech Posted: 16 May 2011 03:02 PM PDT Eaton Corporation (NYSE:ETN) has successfully closed its previously announced deal to buy the German Hydraulics company Internormen Technology Group. The company expects to significantly expand its filtration product portfolio with technically advanced products and systems for mobile, industrial hydraulic and process applications, through the acquisition of the German filtration products maker. |
Posted: 16 May 2011 03:02 PM PDT Silgan Holdings Inc. (NASDAQ:SLGN) has been recently downgraded to Stable from a positive outlook by Moody’s Investors Service. |
Posted: 16 May 2011 03:02 PM PDT GoodNites, a brand of Kimberly-Clark (NYSE:KMB) has announced the start of a promotional campaign wherein it is going to update the mothers of 4-6 years old kids on usefulness of GoodNites brand underwear for tackling the problem of bedwetting at night. |
The Deleveraging Of American Households Posted: 16 May 2011 03:01 PM PDT A week ago I featured the chart above showing that the household debt service ratio (red line) was 11.75% in the last quarter of 2010, which is the lowest ratio since the first quarter of 1998, and the household financial obligations ratio at 16.64% in Q4 2010 was the lowest since the first quarter of 1995. Dennis Cauchon has an article in today’s USA Today that offers some explanations for the trend in the graph above: “Americans are reducing mortgage payments at a record clip, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Posted: 16 May 2011 02:22 PM PDT Chrysler, 30% owned by Italy's Fiat SpA (FIATY), has shifted the summer shutdown of three U.S. plants from July to June due to shortage in parts supply on the back of earthquake and tsunami in Japan on March 11 that damaged many parts supplying companies' plants. |
Teva Bolsters Position In Japan Posted: 16 May 2011 02:22 PM PDT Teva Pharmaceutical Industries Ltd. (NASDAQ:TEVA) recently announced its intention to acquire 57% of the shares of privately-held Japanese company Taiyo Pharmaceutical Industry Co. Ltd. for $460 million. Teva said that it also intends to extend an offer for the remaining shares at Taiyo. The deal, which is scheduled to close in the third quarter, gives Taiyo an enterprise value of $1.3 billion. |
Posted: 16 May 2011 02:02 PM PDT The largest U.S. containing alkali maker, Dow Chemical Co. (NYSE:DOW) announced that it will suspend dock operations at two factory sites in Louisiana in anticipation of potential flooding from the swollen Mississippi River. |
Posted: 16 May 2011 02:02 PM PDT Dillard’s Inc. (NYSE:DDS), a leading fashion apparel, cosmetics and home furnishings retailer, posted a record first-quarter 2011 earnings of $1.27 per share, outpacing the Zacks Consensus Estimate of 91 cents per share and prior-year quarter earnings of 69 cents per share. |
TOTAL Commences Trinidad Phase 2 Posted: 16 May 2011 02:02 PM PDT TOTAL S.A (NYSE:TOT) and its partners said, yesterday, that it has begun Phase 2 of gas development at the Greater Angostura field, located in the Block 2(c) about 24 miles off the northeastern coast of Trinidad. |
Closing Bell Market Monitor: NYX, LOW Posted: 16 May 2011 02:00 PM PDT 05/16/11 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 |
Forex – EUR/USD Up At The End Of U.S. Session Posted: 16 May 2011 01:55 PM PDT Forex Pros – The Euro was higher against the U.S. Dollar on Monday.<br/><br/> EUR/USD was trading at 1.4160, up 0.29% at time of writing.<br/><br/> The pair was likely to find support at 1.4048, today’s low, and resistance at 1.4423, Wednesday’s high.<br/><br/> Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.31% to hit 0.8743 and EUR/JPY rising 0.31% to hit … [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: 16 May 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 80.77, down 0.02% at time of writing.<br/><br/> The pair was likely to find support at 80.35, Friday’s low, and resistance at 81.32, Thursday’s high.<br/><br/> Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.37% to hit 1.4171 and GBP/USD rising 0.04% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Posted: 16 May 2011 01:32 PM PDT Dr. Reddy's Laboratories (NYSE:RDY) reported fiscal 2011 earnings per American Depositary Share (ADS) of $1.50 compared with 10 cents per ADS posted in fiscal 2010. Higher revenues and lower operating expenses helped boost earnings. |
Posted: 16 May 2011 01:32 PM PDT We maintain our Neutral recommendation for Ensco Plc (NYSE:ESV) following lower-than-expected first quarter 2011 results. While new regulations in the Gulf of Mexico (GoM) have pressured offshore drillers, we appreciate Ensco's financial discipline, organically developed asset base as well as robust deepwater outlook. |
Yum Makes Offer For Little Sheep Posted: 16 May 2011 01:32 PM PDT Louisville, Kentucky-based Yum! Brands, Inc's (NYSE:YUM) overseas expansions, particularly in China, remains a key growth driver and to further boost its market share in China, the company offered a bid to buy the Chinese chain of hot pot restaurants, Little Sheep Group Limited. |
Forex – EUR/USD Up Toward The End Of U.S. Session Posted: 16 May 2011 01:25 PM PDT Forex Pros – The Euro was higher against the U.S. Dollar on Monday.<br/><br/> EUR/USD was trading at 1.4175, up 0.40% at time of writing.<br/><br/> The pair was likely to find support at 1.4048, today’s low, and resistance at 1.4423, Wednesday’s high.<br/><br/> Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.35% to hit 0.8746 and EUR/JPY rising 0.35% 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 0.38% Posted: 16 May 2011 01:10 PM PDT Forex Pros – U.S. stocks were down after the closing bell on Monday.<br/><br/> At the close of U.S. trade, the Dow Jones Industrial Average fell 0.38%, the S&P 500 index shed 0.62%, while the Nasdaq 100 index declined 1.74%.<br/><br/> Meanwhile, across the Atlantic, European stock markets closed lower. France’s CAC 40 was down 0.72%; Germany’s DAX shed 0.21%; 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 |
Moody’s Rates Prudential Notes Posted: 16 May 2011 01:02 PM PDT The rating agency Moody’s Investors Service has conferred a "Baa2" rating on the senior debt of Prudential Financial Inc. (NYSE:PRU). The rating action also includes the recent issuance of senior unsecured notes worth $800 million by Prudential. The rating holds an investment grade status and carries a "stable" outlook. |
Domestic Strains In Telefonica 1Q Posted: 16 May 2011 12:57 PM PDT Spanish telecom giant Telefonica (NYSE:TEF) reported first quarter 2011 earnings per share of €0.36 (49 cents per ADS), flat with the year-ago earnings. |
Forex – GBP/USD Up During The U.S. Session Posted: 16 May 2011 12:45 PM PDT Forex Pros – The British Pound was higher against the U.S. Dollar on Monday.<br/><br/> GBP/USD was trading at 1.6200, up 0.02% at time of writing.<br/><br/> The pair was likely to find support at 1.6147, Friday’s low, and resistance at 1.6517, Wednesday’s high.<br/><br/> Meanwhile, the British Pound was down against the Euro and the Japanese Yen, with EUR/GBP gaining 0.41% to hit 0.8752 and GBP/JPY falling 0.03% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Earnings Preview: Limited Brands Posted: 16 May 2011 12:32 PM PDT Limited Brands Inc. (NYSE:LTD), a specialty retailer of women's intimate and other apparel, beauty and personal care products, is scheduled to report its first-quarter 2011 financial results after the bell on Wednesday, May 18, 2011. |
Thermo Gets Active On Dionex Buyout Posted: 16 May 2011 12:32 PM PDT Thermo Fisher Scientific (NYSE:TMO) will hold an Analyst Meeting on May 25, 2011 in New York. Members of the senior management team will discuss their expectations regarding the company's future performance. Previously, the company had also shown its confidence of acquiring Dionex Corporation (NASDAQ:DNEX). |
Liberty Property Divests Assets Posted: 16 May 2011 12:32 PM PDT Liberty Property Trust (NYSE:LRY), a real estate investment trust (REIT), divested 14 office and flex properties to Lingerfelt Development, spanning 918,889 square feet of space in Richmond for approximately $97 million. |
Is The Debt Ceiling Constitutional? Posted: 16 May 2011 12:12 PM PDT Is the Debt Ceiling, which we hit today, constitutional? The Treasury has a few accounting moves up its sleeve that will prevent an actual default until early August, including stopping contributions to the Federal retirement programs. However, even doing that might be constitutionally questionable. Here is the relevant text of the 14th amendment: "The validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Forex – USD/CAD Up In U.S. Trade Posted: 16 May 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 0.9726, up 0.44% at time of writing.<br/><br/> The pair was likely to find support at 0.9514, Wednesday’s low, and resistance at 0.9770, today’s high.<br/><br/> Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.59% to hit 1.4202 and GBP/USD rising 0.15% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Medtronic’s Edge In Spinal Treatment Posted: 16 May 2011 12:02 PM PDT Leading medical devices player, Medtronic (NYSE:MDT), received some good news with respect to its Spinal segment. The company recently announced that Noridian Administrative Services will continue to provide coverage of vertebral augmentation for the treatment of spinal fractures. This decision will benefit Medtronic as it provides Kyphon balloon kyphoplasty procedures (BKP) for spinal fractures caused by osteoporosis and cancer. |
GM Keeps Plants In Force, Offers Job Posted: 16 May 2011 12:02 PM PDT General Motors Co. (NYSE:GM) announced that it would invest $109 million in its Flint and Bay City operations in Michigan in order to support production of 1.4L Ecotec Engine that will be used in fuel-efficient vehicles such as the Chevrolet Cruze, Volt plug-in hybrid and the Sonic. Chevrolet Sonic will be built at GM’s assembly plant in Orion Township, Michigan later this year. |
Real Profits Of U.S. Manufacturing Corporations Have Recovered To All-Time Record-High Levels Posted: 16 May 2011 11:46 AM PDT Mike Mandel has a post “New Manufacturing Data Show Weaker Factory Recovery, Deeper Recession,” where he presents some new Census data on factory shipments of manufactured goods through the first quarter of 2011. Mike concludes that “real shipments are still 15% below their peak, and asks “Now that hardly looks like a recovery at all, does it?” But Census also reported recently on U.S. manufacturing profits (see CD post here), and those data show that real manufacturing profits have … [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: 16 May 2011 11:45 AM PDT Forex Pros – The Euro was higher against the U.S. Dollar on Monday.<br/><br/> EUR/USD was trading at 1.4185, up 0.47% at time of writing.<br/><br/> The pair was likely to find support at 1.4048, today’s low, and resistance at 1.4423, Wednesday’s high.<br/><br/> Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.44% to hit 0.8754 and EUR/JPY rising 0.43% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Three Reasons To Believe In $100 Oil Posted: 15 May 2011 10:00 PM PDT After selling off nearly 14 percent the previous week, oil prices finished last week slightly higher at $99.65 per barrel. While the end result was a net positive, the volatility continued. Oil prices per barrel reached $104, then fell to around $96, before nesting just below $100. |
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