DailyMarkets.com - Monetary Policy Week In Review – 14 May 2011
DailyMarkets.com - Monetary Policy Week In Review – 14 May 2011 |
- Monetary Policy Week In Review – 14 May 2011
- ProAssurance Upped To Outperform
- Luminex Stays At Neutral
- Ventas Completes Atria Acquisition
- Hot Option Plays: Friday The 13th Somewhat Scary In The Markets
- Stock Picks For Week Of May 16th
- LabCorp Reiterated At Neutral
- Itron’s OpenWay Broadens
- MEMC, Flextronics In Solar Deal
- 1Q Loss Narrows At Allos
- Waste Management Invests In Agnion
- Enbridge Adds $286M For Line 6B
- Closing Bell Market Monitor: YHOO, DF, RMBS
- Chile Central Bank Increases Rate 50bps To 5.00%
- Forex – EUR/USD Down At The End Of U.S. Session
- Forex – GBP/USD Down At The End Of U.S. Session
- Q1 Results Better Than Expected
- MEMC, Flextronics In Solar Deal
- MEMC, Flextronics In Solar Ties
- Medco Remains At Neutral
- Forest To Present COPD Data
- Forex – USD/JPY Down At The End Of U.S. Session
- Central Reserve Bank Of Peru Lifts Rate 25bps To 4.25%
- Market-Based Medicine: MediBid
- Bank Of Ghana Cuts Rate 50bps To 13.00%
- Forex – USD/JPY Down Toward The End Of U.S. Session
- WFSL Lowered To Underperform
- ELP: Encouraging 1Q Results
- MannKind Evenly Poised
- Forex – EUR/USD Down Toward The End Of U.S. Session
- U.S. Markets Close Lower; Dow Jones Down 0.79%
- Constellation Acquiring MXenergy
- ViroPharma Inks Deal With Halozyme
- SunPower Misses Zacks Estimates
- Forex – GBP/USD Down During The U.S. Session
- BRE Completes Secondary Offering
- Forex – USD/CAD Up In U.S. Trade
- OVA1 Test More Effective
- MDV3100 In New Phase II Study
- Big Oil’s Big Tax Break Debate
- Forex – EUR/USD Down In U.S. Trading Hours
- Energy ETF Options Portend Tough Times Ahead, But Smooth Sailing To Follow
- For Many Items, Prices Are Falling Not Rising
- Evergreen Posts Higher Losses
- Earnings Preview: Dick’s Sporting Goods
- Earnings Scorecard: HCN
- Inflation Fears Are Still Largely Unfounded
- Hot Option Plays: Focus Is On Dollar & Greece
- Forex – AUD/USD Down In U.S. Trade
- Caterpillar Big On Brazil
- Earnings Preview: Dick’s Sporting
- German GDP Expands 1.5%
- Forex – NZD/USD Down During The U.S. Session
- Chevron Upgraded To Outperform
- “Oil…long Way To Go On Downside”
- Earnings Scorecard: Varian Medical
- Micromet Misses On Both Lines
- Blogger Snafu
- Toyota Delays Prius Deliveries
- CCC Makes Deal For Ohio Storage
- ZOLL’s LifeVest Tops 40K
- Nordstrom Profits Surge, Revs Short
- Forex – GBP/USD Down In U.S. Trade
- Strong Risk Aversion Dominates To End The Week
- TSS And Caledon Join Hands
- Inflation STILL Tame
- European Markets Close Lower; Dax Down 0.55%
- Dollar Rebounds During A Volatile Trading Session
- Should I Buy A Home Warranty In Raleigh?
- Wal-Mart Buys Minority Stake In Online Sales Company Yihaodian
- London Stock Exchange Confident On Progress As New Issues Rise
- Bank Of Korea Maintains 7-day Repo Rate At 3.00%
- Norwegian Central Bank Hikes Rate 25bps To 2.25%
- Latvian Central Bank Holds Rate At 3.50%
- South African Central Bank Holds Rate At 5.50%
- Petrel Resources Making Applications In Iraqi Hydrocarbon Licensing Round
- Citigroup And Toyota Review
- Visiting A West African Gold Mine
| Monetary Policy Week In Review – 14 May 2011 Posted: 13 May 2011 04:20 PM PDT The past week saw monetary policy decisions announced by 12 different central banks around the world. Those that increased interest rates were: Azerbaijan +25bps to 5.25% Poland +25bps to 4.25% Norway +25bps to 2.25% Peru +25bps to 4.25% and Chile +50bps to 5.00%. Meanwhile Ghana was the only country that eased policy, cutting rates 50bps to 13.00%. Those that held rates unchanged were: Indonesia 6.75% South Africa 5.50% Latvia 3.50% and South Korea 3.00%. Besides … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
|
| ProAssurance Upped To Outperform Posted: 13 May 2011 04:02 PM PDT On the back of strong first-quarter results, we recently upgraded ProAssurance Corporation (NYSE:PRA) to Outperform.
|
| Posted: 13 May 2011 04:02 PM PDT We maintain our Neutral recommendation on Luminex Corporation (NASDAQ:LMNX). Revenues and earnings for first-quarter fiscal 2011 topped the Zacks Consensus Estimates. Profit more than doubled year over year on the back of solid top line growth.
|
| Ventas Completes Atria Acquisition Posted: 13 May 2011 03:32 PM PDT Ventas, Inc. (NYSE:VTR) a leading health care real estate investment trust has recently completed the acquisition of 118 private senior housing communities of privately-owned Atria Senior living Group for $3.1 billion.
|
| Hot Option Plays: Friday The 13th Somewhat Scary In The Markets Posted: 13 May 2011 03:18 PM PDT Cusick’s Corner
|
| Stock Picks For Week Of May 16th Posted: 13 May 2011 03:17 PM PDT Hello everyone!!! Please accept my apologies for missing the update on Thursday, this was due to a problem on Google servers that kept me from doing any update, i even tried this morning but the service was still under maintenance. Fortunately the problem was already solved by the engineers of Google that worked hard to return Blogger to normal and I'm here again to share my thoughts for next week. Thanks for your understanding. ( click to enlarge ) It was another volatile week for … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
|
| Posted: 13 May 2011 03:02 PM PDT Recently, we reiterated Neutral recommendation on Laboratory Corporation of America Holdings (NYSE:LH) with a target price of $105.
|
| Posted: 13 May 2011 03:02 PM PDT Itron Inc. (NASDAQ:ITRI) announced that it has been selected by DTE Energy Co. (NYSE:DTE), energy provider to 2.1 million electric customers in Southeastern Michigan, along with another company Tropos Networks, for its $168 million SmartCurrents program.
|
| MEMC, Flextronics In Solar Deal Posted: 13 May 2011 02:32 PM PDT A leading provider of semiconductor and solar chips, MEMC Electronic Materials Inc. (NYSE:WFR) recently announced the extension of an agreement with the Electronics Manufacturing Services (EMS) provider Flextronics International Ltd. (NASDAQ:FLEX). Under the extended agreement, MEMC Singapore and Flextronics will combine forces to fabricate solar panels for SunEdison, a subsidiary of MEMC. Financial terms of the deal were not disclosed.
|
| Posted: 13 May 2011 02:32 PM PDT Allos Therapeutics Inc.'s (NASDAQ:ALTH) first quarter 2011 loss of $0.14 was narrower than the Zacks Consensus Estimate of a loss of $0.15 per share. The year-ago loss was $0.20 per share. The lower loss per share was attributable to higher revenues and lower operating expenses recorded in the first quarter of 2011.
|
| Waste Management Invests In Agnion Posted: 13 May 2011 02:32 PM PDT Waste Management Inc. (NYSE:WM) announced a strategic investment in Agnion Energy Inc. to support the latter's allothermal gasification technology. Agnion’s technology complements Waste Management’s advancement of thermo-chemical conversion technology platforms and could enhance its waste processing options.
|
| Enbridge Adds $286M For Line 6B Posted: 13 May 2011 02:32 PM PDT Houston-based Enbridge Energy Partners, L.P. (NYSE:EEP) announced plans to spend $286 million to replace a portion of its disturbed Line 6B pipeline system, which ruptured last year. The venture, comprising the replacement of 75 miles of the pipeline in areas of Indiana and Michigan, is subject to regulatory approval.
|
| Closing Bell Market Monitor: YHOO, DF, RMBS Posted: 13 May 2011 02:20 PM PDT 05/13/11 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
|
| Chile Central Bank Increases Rate 50bps To 5.00% Posted: 13 May 2011 02:13 PM PDT The Banco Central de Chile increased its monetary policy interest rate by 50 basis points to 5.00% from 4.50% previously. The Bank said: “The Board estimates that additional increases in the monetary policy rate will be necessary, the timing and the magnitude depending on the unfolding of domestic and external macroeconomic conditions. Accordingly, it will continue to use its policies with flexibility so that projected inflation stands at 3% over the policy horizon.” The Bank said … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
|
| Forex – EUR/USD Down At The End Of U.S. Session Posted: 13 May 2011 02:10 PM PDT Forex Pros – The Euro was lower against the U.S. Dollar on Friday after the release of U.S. data on Michigan Consumer Sentiment Index.<br/><br/> EUR/USD was trading at 1.4119, down 0.89% at time of writing.<br/><br/> The pair was likely to find support at 1.4067, today’s low, and resistance at 1.4442, Monday’s high.<br/><br/> Earlier in the day, preliminary data showed that U.S. UoM consumer sentiment rose more-than-expected to a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
|
| Forex – GBP/USD Down At The End Of U.S. Session Posted: 13 May 2011 02:05 PM PDT Forex Pros – The British Pound was lower against the U.S. Dollar on Friday.<br/><br/> GBP/USD was trading at 1.6197, down 0.58% at time of writing.<br/><br/> The pair was likely to find support at 1.6147, today’s low, and resistance at 1.6517, Wednesday’s high.<br/><br/> Meanwhile, the British Pound was up against the Euro and down against the Japanese Yen, with EUR/GBP shedding 0.31% to hit 0.8716 and GBP/JPY falling 0.77% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
|
| Q1 Results Better Than Expected Posted: 13 May 2011 02:04 PM PDT Brian Marckx, CFA Interleukin Genetics (ILIU) reported financial results for the first quarter ending March 31, 2011 on May 12, 2011. The reported numbers bested our estimates on the top-line, gross margin, operating expense control and net income/EPS. Revenue
|
| MEMC, Flextronics In Solar Deal Posted: 13 May 2011 02:04 PM PDT A leading provider of semiconductor and solar chips, MEMC Electronic Materials Inc. (NYSE:WFR) recently announced the extension of an agreement with the Electronics Manufacturing Services (EMS) provider Flextronics International Ltd. (NASDAQ:FLEX). Under the extended agreement, MEMC Singapore and Flextronics will combine forces to fabricate solar panels for SunEdison, a subsidiary of MEMC. Financial terms of the deal were not disclosed.
|
| MEMC, Flextronics In Solar Ties Posted: 13 May 2011 02:03 PM PDT A leading provider of semiconductor and solar chips, MEMC Electronic Materials Inc. (NYSE:WFR) recently announced the extension of an agreement with the Electronics Manufacturing Services (EMS) provider Flextronics International Ltd. (NASDAQ:FLEX). Under the extended agreement, MEMC Singapore and Flextronics will combine forces to fabricate solar panels for SunEdison, a subsidiary of MEMC. Financial terms of the deal were not disclosed.
|
| Posted: 13 May 2011 02:03 PM PDT Recently, we reiterated our Neutral recommendation on Medco Health (NYSE:MHS) with a target price of $67.00.
|
| Posted: 13 May 2011 02:03 PM PDT Forest Laboratories, Inc. (NYSE:FRX) and Almirall recently announced that they will be presenting additional data on their chronic obstructive pulmonary disease (COPD) candidate, aclidinium bromide, from the phase III ATTAIN study. Data will be presented at the upcoming annual meeting of the American Thoracic Society.
|
| Forex – USD/JPY Down At The End Of U.S. Session Posted: 13 May 2011 02:00 PM PDT Forex Pros – The U.S. Dollar was lower against the Japanese Yen on Friday after the release of U.S. data on CPI.<br/><br/> USD/JPY was trading at 80.79, down 0.19% at time of writing.<br/><br/> The pair was likely to find support at 80.16, Monday’s low, and resistance at 81.32, Thursday’s high.<br/><br/> Earlier in the day, official data showed that consumer price inflation in the U.S. rose to a seasonally adjusted 0.4% last month, from … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
|
| Central Reserve Bank Of Peru Lifts Rate 25bps To 4.25% Posted: 13 May 2011 01:56 PM PDT The Central Reserve Bank of Peru raised its monetary policy reference rate 25 basis points to 4.25% from 4.00% previously. The Bank said: “This measure is aimed at offsetting the impact of the rise in the international prices of food and fuels on inflation expectations, in a context of high growth of domestic demand. Future adjustments in the reference rate will depend on new information on the evolution of inflation and its determinants.” Peru reported annual inflation of 3.34% in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
|
| Market-Based Medicine: MediBid Posted: 13 May 2011 01:50 PM PDT The website MediBid describes itself as a new “Marketplace for Self Pay Patients to Find a Doctor or Other Medical Specialist and Deal Direct,” and here’s some info: “Patients can find a doctor, family physician, chiropractor, dermatologist, surgeon, dentist, or any other medical specialist on MediBid. The process is simple; patients register as “Seekers” and post a secure, private request for medical care for anything from acupuncture to total knee replacement surgery or stem cell … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
|
| Bank Of Ghana Cuts Rate 50bps To 13.00% Posted: 13 May 2011 01:41 PM PDT The Bank of Ghana reduced its key lending rate by 50 basis points to 13.00% from 13.50% previously. The Bank said: “Price developments over the past four months suggest diminishing inflation expectations following the rise in inflation in January after increases in the domestic price of petrol. The threats to inflation have diminished due to better domestic production of food and weak second round effects of the petroleum price adjustment.” Ghana reported inflation of 9.0% in April, … [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: 13 May 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 80.86, down 0.10% at time of writing.<br/><br/> The pair was likely to find support at 80.16, Monday’s low, and resistance at 81.32, Thursday’s high.<br/><br/> Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 1.03% to hit 1.4099 and GBP/USD falling 0.67% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
|
| Posted: 13 May 2011 01:32 PM PDT We are downgrading our recommendation on Washington Federal Inc. (NASDAQ:WFSL) to Underperform from Neutral based on the pressure on net interest margin (NIM) and its lag with respect to deposit re-pricing.
|
| Posted: 13 May 2011 01:32 PM PDT Companhia Paranaense de Energia (NYSE:ELP), also known as COPEL, reported its financial results for the first quarter of 2011. Net income in the quarter increased 20.5% year over year to R$384.8 million (US$231.8 million), or R$1.41 per share (US$1.70 per ADR). The year-over-year momentum was driven by higher revenues, which were partially offset by higher expenses in the year.
|
| Posted: 13 May 2011 01:32 PM PDT We are maintaining our Neutral stance on MannKind Corporation (NASDAQ:MNKD) with a target price of $4.25.
|
| Forex – EUR/USD Down Toward The End Of U.S. Session Posted: 13 May 2011 01:25 PM PDT Forex Pros – The Euro was lower against the U.S. Dollar on Friday.<br/><br/> EUR/USD was trading at 1.4097, down 1.05% at time of writing.<br/><br/> The pair was likely to find support at 1.4067, today’s low, and resistance at 1.4442, Monday’s high.<br/><br/> Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.37% to hit 0.8712 and EUR/JPY falling 1.12% 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 0.79% Posted: 13 May 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 0.79%, the S&P 500 index shed 0.81%, while the Nasdaq 100 index declined 1.19%.<br/><br/> Earlier in the day, preliminary data showed that U.S. UoM consumer sentiment rose more-than-expected to a seasonally adjusted 72.4 last month from 69.8 in the preceding month.<br/><br/>Analysts had expected UoM consumer … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
|
| Constellation Acquiring MXenergy Posted: 13 May 2011 01:02 PM PDT Constellation Energy Group, Inc. (NYSE:CEG) has agreed to acquire MXenergy in an all-cash transaction for a total base purchase price of $175.0 million. MXenergy's 100.0% equity is currently owned by a number of large institutional investors among others. Constellation will purchase all of MXenergy assets subject to shareholder and regulatory approvals.
|
| ViroPharma Inks Deal With Halozyme Posted: 13 May 2011 12:57 PM PDT ViroPharma Inc. (NASDAQ:VPHM) recently announced that it has entered into a global licensing deal with Halozyme Therapeutics, Inc. (NASDAQ:HALO), for using the latter's rHuPH20 (recombinant human hyaluronidase) in the development of a subcutaneous formulation of Cinryze.
|
| SunPower Misses Zacks Estimates Posted: 13 May 2011 12:57 PM PDT SunPower Corporation's (SPWRA) first quarter 2011 adjusted earnings of a penny per share came in below the Zacks Consensus Estimate of 6 cents. However, earnings were way ahead of the year-ago loss of 4 cents per share.
|
| Forex – GBP/USD Down During The U.S. Session Posted: 13 May 2011 12:45 PM PDT Forex Pros – The British Pound was lower against the U.S. Dollar on Friday after the release of U.S. data on CPI.<br/><br/> GBP/USD was trading at 1.6185, down 0.65% at time of writing.<br/><br/> The pair was likely to find support at 1.6147, today’s low, and resistance at 1.6517, Wednesday’s high.<br/><br/> Earlier in the day, official data showed that consumer price inflation in the U.S. rose to a seasonally adjusted 0.4% last month, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
|
| BRE Completes Secondary Offering Posted: 13 May 2011 12:32 PM PDT BRE Properties Inc. (NYSE:BRE), a real estate investment trust (REIT) that operates apartment communities, has recently completed its secondary offering of 9.2 million common shares at $48.00 each, including 1.2 million shares purchased by the underwriters to fully cover the over-allotment options.
|
| Forex – USD/CAD Up In U.S. Trade Posted: 13 May 2011 12:10 PM PDT Forex Pros – The U.S. Dollar was higher against the Canadian Dollar on Friday.<br/><br/> USD/CAD was trading at 0.9684, up 0.58% at time of writing.<br/><br/> The pair was likely to find support at 0.9514, Wednesday’s low, and resistance at 0.9744, today’s high.<br/><br/> Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.93% to hit 1.4113 and GBP/USD falling 0.67% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
|
| Posted: 13 May 2011 12:02 PM PDT Recently, a study published in the online edition of Obstetrics & Gynecology demonstrated the effectiveness of OVA 1 blood test. According to the guidelines of American College of Obstetrics and Gynecology (ACOG), OVA1 blood test can better detect whether the ovarian mass is cancerous compared to the currently recommended CA 125 blood test.
|
| Posted: 13 May 2011 12:02 PM PDT Medivation, Inc. (NASDAQ:MDVN) and Astellas Pharma, Inc. recently announced the initiation of a phase II study with their prostate cancer candidate, MDV3100. The study will evaluate MDV3100 as a monotherapy in hormone-naïve prostate cancer patients.
|
| Big Oil’s Big Tax Break Debate Posted: 13 May 2011 12:02 PM PDT Amid public outcry over high gasoline prices and soaring industry profit, executives of the five largest private oil companies in the U.S. were summoned before the Senate on Thursday to justify billions of dollars in special tax breaks provided to them by the government.
|
| Forex – EUR/USD Down In U.S. Trading Hours Posted: 13 May 2011 11:45 AM PDT Forex Pros – The Euro was lower against the U.S. Dollar on Friday after the release of U.S. data on Michigan Consumer Sentiment Index.<br/><br/> EUR/USD was trading at 1.4109, down 0.96% at time of writing.<br/><br/> The pair was likely to find support at 1.4067, today’s low, and resistance at 1.4442, Monday’s high.<br/><br/> Earlier in the day, preliminary data showed that U.S. UoM consumer sentiment rose more-than-expected to a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
|
| Energy ETF Options Portend Tough Times Ahead, But Smooth Sailing To Follow Posted: 13 May 2011 11:44 AM PDT Energy ETF options portend tough times ahead, but smooth sailing to follow
|
| For Many Items, Prices Are Falling Not Rising Posted: 13 May 2011 11:43 AM PDT Item TVs Software Computers Toys Photographic Equipment, Supplies Audio Equipment Sports Equipment Clothing: Infant and Toddler Cell Phone Service Audio Disks Leased Cars and Trucks Pets and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
|
| Posted: 13 May 2011 11:27 AM PDT Massachusetts-based Evergreen Solar Inc. (NASDAQ:ESLR) reported first-quarter 2011 adjusted loss per share of $1.21, more than double the year-ago quarterly loss of 60 cents per share. Results also missed the Zacks Consensus Estimate of a loss of 68 cents.
|
| Earnings Preview: Dick’s Sporting Goods Posted: 13 May 2011 11:27 AM PDT Dick’s Sporting Goods Inc. (DKS) is scheduled to release its first-quarter 2011 results on Tuesday, May 17, 2011. The Zacks Consensus Estimate is 29 cents a share for the first quarter of fiscal 2011. This represents a year-over-year estimated growth of 31.8%.
|
| Posted: 13 May 2011 11:27 AM PDT Health Care REIT Inc. (NYSE:HCN), a leading healthcare real estate investment trust (REIT) that operates senior housing and health care real estate, reported fiscal 2011 first quarter recurring funds from operations (FFO) of 70 cents per share, which beat the Zacks Consensus Estimate by a penny. Fund from operations, a widely used metric to gauge the performance of REIT, is obtained after adding depreciation and amortization and other non-cash expenses to net income.
|
| Inflation Fears Are Still Largely Unfounded Posted: 13 May 2011 11:21 AM PDT Core inflation and service-sector inflation are still far below long-run averages. The BLS reported today that annual headline inflation increased to 3.2% in April, the highest rate since October 2008. Core inflation increased at a 1.3% annual rate, and the CPI inflation for services is 1.5% (see chart above). Most of the increase in headline inflation was from a 19% annual increase in the overall energy index, and a 33.1% increase in the gasoline index. Based on the relatively … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
|
| Hot Option Plays: Focus Is On Dollar & Greece Posted: 13 May 2011 11:19 AM PDT Cusick’s Corner
|
| Forex – AUD/USD Down In U.S. Trade Posted: 13 May 2011 11:15 AM PDT Forex Pros – The Australian Dollar was lower against the U.S. Dollar on Friday.<br/><br/> AUD/USD was trading at 1.0583, down 0.89% at time of writing.<br/><br/> The pair was likely to find support at 1.0521, today’s low, and resistance at 1.0889, Wednesday’s high.<br/><br/> Meanwhile, the Australian Dollar was up against the Euro and down against the Japanese Yen, with EUR/AUD shedding 0.03% to hit 1.3338 and AUD/JPY falling 1.10% to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
|
| Posted: 13 May 2011 11:02 AM PDT Caterpillar Inc. (NYSE:CAT) in line with its strategy to capitalize on the projected economic boom in Brazil is planning a new operation for packaging generator sets and diesel electric propulsion systems at its Piracicaba, Sao Paulo facility to cater to marine and petroleum customers in the largest country in South America. Operations to package 3500C series engines will begin in the third quarter of 2011.
|
| Earnings Preview: Dick’s Sporting Posted: 13 May 2011 11:02 AM PDT Dick’s Sporting Goods Inc. (DKS) is scheduled to release its first-quarter 2011 results on Tuesday, May 17, 2011. The Zacks Consensus Estimate is 29 cents a share for the first quarter of fiscal 2011. This represents a year-over-year estimated growth of 31.8%.
|
| Posted: 13 May 2011 10:45 AM PDT 05/13/11 The German economy, Europe’s biggest, grew by 1.5% in the 1Q helped by a boost in investment and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
|
| Forex – NZD/USD Down During The U.S. Session Posted: 13 May 2011 10:45 AM PDT Forex Pros – The New Zealand Dollar was lower against the U.S. Dollar on Friday.<br/><br/> NZD/USD was trading at 0.7868, down 1.09% at time of writing.<br/><br/> The pair was likely to find support at 0.7837, 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 the Euro, with AUD/NZD gaining 0.11% to hit 1.3436 and EUR/NZD rising 0.15% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
|
| Chevron Upgraded To Outperform Posted: 13 May 2011 10:42 AM PDT With the economic rebound showing signs of strengthening and oil prices rallying, we expect integrated oil companies such as Chevron Corporation (NYSE:CVX) to continue to accelerate revenue and earnings growth over the next few quarters.
|
| “Oil…long Way To Go On Downside” Posted: 13 May 2011 05:40 AM PDT 05/13/11 Sunrise Securities’ Ben Willis discusses falling crude oil prices, Euro-zone debt concerns and interest rate … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
|
| Earnings Scorecard: Varian Medical Posted: 13 May 2011 10:32 AM PDT Oncology and X-Ray products company, Varian Medical Systems (NYSE:VAR), reported second-quarter (ended March) fiscal 2011 earnings per share from continuing operations of 86 cents, just beating the Zacks Consensus Estimate of 85 cents and exceeding the year-ago figure of 73 cents. Profit increased 13.2% year over year to $103.1 million, benefiting from rising sales of both oncology systems and X-Ray products.
|
| Posted: 13 May 2011 10:32 AM PDT Micromet Inc.'s (MITI) first quarter 2011 loss per share came in at 9 cents (including special items), much narrower than the year-ago loss of 26 cents per share. After adjusting for the change in fair value of warrants, the company reported a loss per share of 20 cents, less than the year-ago post adjustment loss of 34 cents per share. The loss was, however, wider than the Zacks Consensus Estimate of a loss of 17 cents due to lower revenues. The narrower loss from the prior year was due to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
|
| Posted: 13 May 2011 10:05 AM PDT Blogger has been down since last night, and just started working again. Several of the most recent posts have been lost, and I’m not sure if they’ll be restored. New posts will resume shortly. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
|
| Toyota Delays Prius Deliveries Posted: 13 May 2011 10:02 AM PDT Toyota Motor Corp. (NYSE:TM) revealed that deliveries of the latest version of its popular gas-electric hybrid, Prius, will be delayed by a year due to a shortage in supply of batteries on the back of earthquake and tsunami in Japan on March 11 that damaged many parts supplying companies' plants. The revamped version, Prius Alpha, had been initially set for launch in April this year.
|
| CCC Makes Deal For Ohio Storage Posted: 13 May 2011 10:02 AM PDT Calgon Carbon Corporation (NYSE:CCC) received $1.35 million from the Ohio Third Frontier for the development and commercialization of advanced activated carbons for energy storage. As per the program, Calgon Carbon will focus on developing and manufacturing the first domestic source of activated carbon specifically designed for the ultracapacitor energy storage industry.
|
| Posted: 13 May 2011 10:02 AM PDT Resuscitation devices maker ZOLL Medical (NASDAQ:ZOLL) has achieved another major milestone for its flagship LifeVest wearable defibrillator as the device has been prescribed to over 40,000 patients at high risk of sudden cardiac arrest ("SCA") by their physicians.
|
| Nordstrom Profits Surge, Revs Short Posted: 13 May 2011 10:02 AM PDT Nordstrom Inc. (NYSE:JWN) posted earnings growth of 32.7% to reach 69 cents a share in the first quarter of fiscal 2011 from 52 cents per share earned in the year-ago period. Earnings per share beat the Zacks Consensus Estimate of 67 cents a share.
|
| Forex – GBP/USD Down In U.S. Trade Posted: 13 May 2011 10:00 AM PDT Forex Pros – The British Pound was lower against the U.S. Dollar on Friday after the release of U.S. data on CPI.<br/><br/> GBP/USD was trading at 1.6185, down 0.65% at time of writing.<br/><br/> The pair was likely to find support at 1.6147, today’s low, and resistance at 1.6517, Wednesday’s high.<br/><br/> Earlier in the day, official data showed that consumer price inflation in the U.S. rose to a seasonally adjusted 0.4% last month, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
|
| Strong Risk Aversion Dominates To End The Week Posted: 13 May 2011 09:58 AM PDT Traders felt that after a turbulent 2 weeks, with lower commodities, fears of restructuring Greek debt, some concerns about higher global interest rates, we're going into the weekend with traders shedding risk.
|
| Posted: 13 May 2011 09:57 AM PDT Expanding its merchant service solutions, on Tuesday, Total System Services Inc. (NYSE:TSS) announced a strategic alliance with Caledon Card Services in Canada, in an attempt to provide end-to-end solutions for its merchants and partners. However, terms of the deal remain concealed.
|
| Posted: 13 May 2011 09:57 AM PDT The Consumer Price Index (CPI) rose by 0.4% in April, down from its 0.5% rise in both March and February. Year over year it is up 3.2%. It was slightly below the consensus expectation of a 0.5% increase. Looking a little bit deeper, the problem is mostly with energy, and to a lesser extent food prices. Energy prices surged 2.2% on top of a 3.5% increase in March and a 3.4% rise in February. Overall energy prices are up 19.0% year over year. Actually the increase is even narrower than that, as … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
|
| European Markets Close Lower; Dax Down 0.55% Posted: 13 May 2011 09:55 AM PDT Forex Pros – European stocks were down after the closing bell on Friday.<br/><br/> At the close of European trade, Germany’s DAX fell 0.55%, London’s FTSE 100 shed 0.32%, France’s CAC 40 declined 0.11% and the EURO STOXX 50 was down 0.77%.<br/><br/> Earlier in the day, preliminary official data showed that Gross domestic product in the euro zone rose more-than-expected to a seasonally adjusted 0.8% in the last quarter from 0.3% in the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
|
| Dollar Rebounds During A Volatile Trading Session Posted: 13 May 2011 04:45 AM PDT 05/13/11 The US dollar posted quite the rebound this afternoon following an earlier drop against the euro as investors remain concerned with the state of the global economy and volatile commodity … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
|
| Should I Buy A Home Warranty In Raleigh? Posted: 13 May 2011 09:44 AM PDT Alphonso wants to buy a house in Raleigh. Should he buy a home warranty? Some love them, some hate them. What do you guys think?
|
| Wal-Mart Buys Minority Stake In Online Sales Company Yihaodian Posted: 13 May 2011 03:15 AM PDT 05/13/11 In an attempt to tap into growing online sales in Chinese, Wal-Mart Stores Inc. is buying a minority stake in online company … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
|
| London Stock Exchange Confident On Progress As New Issues Rise Posted: 13 May 2011 07:04 AM PDT London Stock Exchange (LON:LSE) , the FTSE 250 financial group that runs London's main stock exchanges, said Friday that total income had risen by 7% to £674.9m last year and that it was encouraged by the near-term outlook. Adjusted operating profit increased by 22% to £341.1m in the year to March 31, with the pre-tax figure up 65% to £238.2m. It said that further progress this year would be reliant on developing growth opportunities, especially in the areas of Post Trade, Derivatives and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
|
| Bank Of Korea Maintains 7-day Repo Rate At 3.00% Posted: 13 May 2011 04:28 AM PDT The Bank of Korea maintained the 7-day repurchase rate unchanged at 3.00%. South Korea reported consumer price inflation of 4.2% in April, above the Bank’s inflation target of 2%-4% through 2012. The Bank forecasts inflation of 3.9% and GDP growth of 4.5% during 2011. The Bank said: “Looking ahead, the Committee, while taking overall account of financial and economic conditions both at home and abroad, will conduct monetary policy with a greater emphasis on ensuring that the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
|
| Norwegian Central Bank Hikes Rate 25bps To 2.25% Posted: 13 May 2011 04:17 AM PDT The Norges Bank increased its key policy rate by 25 basis points to 2.25% from 2.00% previously. The Bank said: “The upturn in the Norwegian economy has gained a firm footing. Several other central banks have raised their key rates. The consideration of stabilising activity and inflation somewhat further ahead suggests that the key policy rate should be raised”. The Bank noted that the oil rich Norwegian economy saw underlying inflation of “1¼ – 1½ per … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
|
| Latvian Central Bank Holds Rate At 3.50% Posted: 13 May 2011 04:12 AM PDT Latvijas Banka maintained the refinancing rate unchanged at 3.50%. Latvia reported inflation of 4.5% in April, with the Bank noting: “The rise in inflation at the beginning of the year is determined by supply side factors and administrative decisions, such as the raising of taxes,”. The Bank also said: “Taking into account the gradual recovery of the economy and the fact that the current inflation risk factors are not related to a rise in demand and risks to price stability in the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
|
| South African Central Bank Holds Rate At 5.50% Posted: 13 May 2011 04:08 AM PDT The South African Reserve Bank maintained the repo rate unchanged at 5.50% despite a rise in “cost-push” inflation. The Bank said: “…the inflation outlook has deteriorated further, mainly as a result of external cost-push factors. Underlying demand conditions remain relatively restrained, and are not seen to pose a significant risk to the inflation outlook at this stage. However there are elevated risks that these external price shocks could ultimately feed through to more … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
|
| Petrel Resources Making Applications In Iraqi Hydrocarbon Licensing Round Posted: 13 May 2011 03:49 AM PDT Petrel Resources (LON:PET) , the AIM quoted oil and gas company run by Irish resources entrepreneur John Teeling, has received the final US$2.5m it is owed under a settlement deal related to the Subba and Luhais oil field development in Iraq. Petrel first got involved in the field in September 2005 when, together with its partners, it won a development services contract with the Iraq Ministry of Oil to develop existing reserves to raise production from under 50,000 barrels of oil daily to over … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
|
| Posted: 13 May 2011 02:47 AM PDT In previous posts we reviewed Citigroup and Toyota. Both stocks did not have great price per time return (ie Gann Angle studies), we had them on ‘watch’ to see if they avoided the rocks! This is how they turned out. Citigroup(C): The bulls just didnt even turn up, worse they gave up under the 200 SMA. RTT TrendPower confirmed that there were no serious mark up days, and RTT TrendStatus is just a mess, therefore no reason to get long. But we are watching this one for a snap back, maybe … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
|
| Visiting A West African Gold Mine Posted: 12 May 2011 10:00 PM PDT This week I'm back on the continent of Africa. Along with 20 analysts from investment firms around the world, I spent a total of 17 hours traveling to Tasiast, Mauritania, kicking the tires and checking out Kinross Gold's open pit operations there.
|
| You are subscribed to email updates from DailyMarkets.com To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google Inc., 20 West Kinzie, Chicago IL USA 60610 | |
0 Comments:
Post a Comment
Subscribe to Post Comments [Atom]
<< Home