DailyMarkets.com - Progressive Fixed At Neutral

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• Progressive Fixed At Neutral
• Heavy Rains Mar Barrick’s Project
• Arris Authorizes New Buyback
• Earnings Scorecard: J. C. Penney
• Hot Option Plays: Data Mixed
• Forex – AUD/USD Up In U.S. Trade
• DTE Energy Gets New Partners
• Marvell Misses, Guidance Firm
• ITT’s Defense System For Helicopters
• Suntech Partners Solarhybrid
• “Summer Is Going To Be…tough Sledding”
• Forex – NZD/USD Up During The U.S. Session
• SM Energy Stays Neutral
• Canadian Solar Connects In UK
• Promising J&J Pharma Pipeline
• A New Opportunity For CryoPort?
• BofA-Morgan Resolve Foreclosure Charges
• Eaton Launches New UPS
• Bullish On Cabot Near Term
• Personal Income, Savings Both Rise 0.4%
• Dollar Decline Continues On Weak Data
• CPKF: Raising Recommendation To Outperform
• First Energy Unit Lowers Bill
• LaSalle Gets Fresh Equity Capital
• Forex – GBP/USD Up In U.S. Trade
• European Markets Close Higher; Dax Up 0.69%
• Earnings Preview: ABM Industries
• Earnings Scorecard: Zumiez
• Angeion Q2 Unimpressive
• Amazon In Solid Growth Trend With E-Book Business
• Golden Gate To Buy California Pizza
• Quality Systems Beats On Record Rev
• Forex – EUR/USD Up At The End Of European Session
• Forex Trading: USDJPY Following The Script To The Downside
• Forex – USD/JPY Down Toward The End Of European Session
• DDR Reaffirmed At Neutral
• Qualcomm Closes Pending Acquisition
• Forex – GBP/USD Up Toward The End Of European Session
• Q2 Unimpressive
• Goodyear Gifted Solar Power System
• Const. Energy On Nuclear Mode
• Is Apple Losing Momentum?
• MWI Vet Fixed At Neutral
• Steep Drops In Global Production For Japanese Automakers
• State Tax Collection Increase By 9.1% In The First Quarter, Largest Annual Gain In Almost Five Years
• Word From The Floor: US Stocks Open Higher, USD Weakens
• Forex – EUR/USD Up During The European Session
• Forex Trading: EURUSD Bouncing As London/Europe Prepare For Weekend.
• Forex – GBP/JPY Down In European Trading Hours
• Forex – EUR/USD Up On Economic Data
• Yields Remains Low After Home Sales Plunge
• Forex Trading: USDJPY Does Not Like Housing
• US Data Round-Up: Personal Spending & Incomes, UMich Consumer Confidence, Pending Home Sales
• Crude Remains Above $100.50
• Northern Petroleum Shares Plunge On Production Concerns
• AFC Energy Raises New Cash But Parts With MD

Progressive Fixed At Neutral Posted: 27 May 2011 11:35 AM PDT Progressive Corp. (NYSE:PGR) holds a dominant position in product, service and distribution innovation, especially in personal auto. The company continues to focus on customer retention as well as actively manages its capital position and returns wealth to its shareholders. However, these positives are somewhat tempered by headwinds at its Commercial Auto businesses as well as volatile underwriting margins. We thus retain out Neutral recommendation on Progressive. The company is also a leader in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Heavy Rains Mar Barrick’s Project Posted: 27 May 2011 11:35 AM PDT Barrick Gold Corporation (NYSE:ABX) 60% owner and operator of the Pueblo Viejo gold  project in the Dominican Republic announced that the project has sustained a major setback as heavy rains have damaged a tailing dam now under construction. Barrick is apprehensive that the heavy downpour of roughly 217 millimeters of rain over a 48-hour period is likely to delay the start-up schedule for the gold mine. Production was originally slated for the first quarter of next year. The tailing facility … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Arris Authorizes New Buyback Posted: 27 May 2011 11:25 AM PDT Arris Group Inc. (NASDAQ:ARRS) announced a new share repurchase authorization of $150 million following the completion of the previous share repurchase program.  Arris rewards its shareholders only in the form of share buybacks. The company has not paid any cash dividend on its common stock since its inception. Arris has completed its previous share buyback plan of $100 million authorized in 2009. It repurchased $69.3 million shares in 2010 and the remaining $30.7 million shares in the ongoing … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Scorecard: J. C. Penney Posted: 27 May 2011 11:25 AM PDT J. C. Penney Company Inc. (NYSE:JCP), a leading retailer of apparel and footwear, accessories, fashion jewelry, beauty products and home furnishings, recently delivered better-than-expected first-quarter 2011 results on the heels of improved and exclusive merchandise assortments, and effective cost management. Consequently, the company raised its full year outlook. Street analysts had over a week to ponder on the company's scores. In the paragraphs that follow, we cover the recent earnings … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Hot Option Plays: Data Mixed Posted: 27 May 2011 11:19 AM PDT Cusick’s Corner This is what I expected going into this long weekend — a listless consolidated trade. I was not surprised the market was mute when the housing data came out. The market’s reaction was one that could be expected since the Income and Spending numbers came in line which was huge. I will keep an eye out for any the headlines (not expecting any) because that is the only way that the market could move into the close. See you in a few hours. Stock market averages are holding gains … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – AUD/USD Up In U.S. Trade Posted: 27 May 2011 11:15 AM PDT Forex Pros – The Australian Dollar was higher against the U.S. Dollar on Friday after the release of U.S. data on Personal Spending.<br/><br/> AUD/USD was trading at 1.0691, up 0.43% at time of writing.<br/><br/> The pair was likely to find support at 1.0441, Wednesday&rsquo;s low, and resistance at 1.0717, today&rsquo;s high.<br/><br/> Earlier in the day, official data showed that U.S. personal spending rose less-than-expected to a seasonally … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

DTE Energy Gets New Partners Posted: 27 May 2011 11:05 AM PDT DTE Energy (NYSE:DTE) welcomes two new members – Tesla Motors Inc. (TSLA) and the Electric Power Research Institute ("EPRI") — to the electric vehicle research consortium, U.S Driving Research and Innovation for Vehicle efficiency and Energy sustainability (U.S. DRIVE). U.S. DRIVE is a voluntary government-industry partnership focused on research and development of electric vehicles and related infrastructure technology to lower the reliance on fossil fuel. Such projects help to strive for … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Marvell Misses, Guidance Firm Posted: 27 May 2011 11:05 AM PDT Marvell Inc. (NASDAQ:MRVL) reported first quarter fiscal 2012 adjusted earnings per share (EPS) of 24 cents, which was 2 cents shy of the Zacks Consensus Estimate of 26 cents. The ongoing volatility in the mobile computing market, which is affecting chip demand, is the chief cause for the quarter's underperformance. Despite the miss, shares increased 8.86% in after-market trade on encouraging second quarter guidance. Revenue Marvell reported revenues of $804.2 million in the first quarter, down … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

ITT’s Defense System For Helicopters Posted: 27 May 2011 11:05 AM PDT ITT Corporation (NYSE:ITT) has developed a revolutionary countermeasures system to protect helicopters from shoulder-fired, heat-seeking missiles. This development is a part of U.S.military's Common Infrared Countermeasures (CIRCM) program. Helicopters have an increasingly bigger role to play in humanitarian, relief and military operations in remote and potentially dangerous locations around the world.  Hence the requirement for an effective, lightweight defense against ground-based threats … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Suntech Partners Solarhybrid Posted: 27 May 2011 11:05 AM PDT Solar panels maker, Suntech Power Holdings Co. Ltd. (NYSE:STP), yesterday, formed a strategic partnership to supply up to 190MW of solar panels to solar project developer Solarhybrid AG in 2011. This strategic partnership between Suntech and Solarhybrid has stemmed from their alliance for the 24.2 MW Finow Tower I project in Germany in 2010. Per the deal, Suntech, as a key partner of Solarhybrid, will supply solar panels to the majority of the German project pipeline of the latter in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

“Summer Is Going To Be…tough Sledding” Posted: 27 May 2011 11:00 AM PDT 05/27/11 HudsonView Capital Management’s Cort Gwon discusses equities and commodities, ahead of the US holiday … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – NZD/USD Up During The U.S. Session Posted: 27 May 2011 10:45 AM PDT Forex Pros – The New Zealand Dollar was higher against the U.S. Dollar on Friday after the release of U.S. data on Pending Home Sales.<br/><br/> NZD/USD was trading at 0.8169, up 0.67% at time of writing.<br/><br/> The pair was likely to find support at 0.7860, Monday&rsquo;s low, and resistance at 0.8198, today&rsquo;s high.<br/><br/> Earlier in the day, industry data showed that Pending home sales in the U.S. fell more-than-expected to a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

SM Energy Stays Neutral Posted: 27 May 2011 10:40 AM PDT We maintain our Neutral recommendation on SM Energy Company (NYSE:SM), which carries a Zacks #3 Rank (short-term Hold rating). The company's strong first quarter 2011 results as well as its greater focus on oil-weighted resource plays remain tempered by its heavily natural gas centered production profile. The company recorded impressive first quarter 2011 results buoyed by strong production growth as well as lower unit lease operating expense. SM Energy registered a 40% year-over-year volume … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Canadian Solar Connects In UK Posted: 27 May 2011 10:40 AM PDT Canadian Solar Inc. (NASDAQ:CSIQ), in an expansion spree in the U.K. solar markets, has entered into an agreement to supply 15 megawatt (MW) of solar modules for three UK solar farms that are constructed by Spanish renewable energy project company Isolux. The three UK solar farms are located in Churchtown, East Langford and Manor Farm, and use Canadian Solar’s high quality and high-performing CS6P solar modules. The projects are expected to be completed in June 2011. Canadian Solar's solar modules … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Promising J&J Pharma Pipeline Posted: 27 May 2011 10:40 AM PDT Johnson & Johnson (NYSE:JNJ) recently provided an update on its Pharmaceuticals business. Since its last Pharmaceuticals business review in 2009, the company gained approval for six new drugs and has two candidates under regulatory review. According to IMS Health, the global pharma market, which is currently valued at $850 billion, is expected to grow to more than $1 trillion by 2015. Johnson & Johnson is looking to strengthen its pharma product portfolio and plans to file for approval of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

A New Opportunity For CryoPort? Posted: 27 May 2011 10:35 AM PDT Brian Marckx, CFA A New Opportunity for CryoPort? Privately-held BioStorage Technologies, which bills itself as “the premier global provider of comprehensive sample management and onsite solutions for the bioscience industry” (which in layman’s terms means they are a leader in biomaterials storage, handling and logistics) announced yesterday (5/26/11) that they opened a new 60,000 sf facility in Indianapolis.  Indianapolis is becoming known as the Mecca for life-sciences warehousing and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

BofA-Morgan Resolve Foreclosure Charges Posted: 27 May 2011 10:35 AM PDT On Thursday, the Department of Justice (DoJ) stated that subsidiaries of Bank of America Corporation (NYSE:BAC) and Morgan Stanley (NYSE:MS) have agreed to pay nearly $22.35 million to settle the lawsuit related to unlawful foreclosure of properties of active-duty military members without obtaining the court orders. About 180 military personnels are expected to get relief from this settlement deal. As a part of the settlement deal, BAC's Home Loans Servicing unit (earlier Countrywide Home Loans … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Eaton Launches New UPS Posted: 27 May 2011 10:35 AM PDT Eaton Corporation (NYSE:ETN) has introduced a new line-interactive UPS, the Eaton 5PX. The newly manufactured 5PX provides exceptional manageability, efficiency and energy metering capabilities for IT managers. Eaton said the 5PX has a unique feature of metering energy consumption of every device protected by the UPS, a practice used for the first time in the UPS industry. The UPS' large, intuitive LCD display also allows IT managers to easily monitor energy usage of the various pieces of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Bullish On Cabot Near Term Posted: 27 May 2011 10:35 AM PDT Shares of Cabot Oil and Gas (COG) hit a 52-week high of $58.27 on Thursday, May 26. The independent energy exploration and production company has seen its share price climb more than 50% since the beginning of the year, as investors have been buying the stock for its attractive fundamentals and positive outlook. The recent optimism about economic recovery has added to this bullish sentiment. On the whole, we believe that Cabot's natural gas-weighted properties should help generate steady … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Personal Income, Savings Both Rise 0.4% Posted: 27 May 2011 10:35 AM PDT In March, Personal Income rose 0.4%, matching from the 0.4% rise in both February and March, but only after the March numbers were revised down from a rise of 0.5%. The increase was in line with the consensus expectation of a 0.4% increase. Meanwhile, Personal Consumption Expenditures (PCE) rose by 0.4%, lower than the consensus expectation of a 0.5% rise. That is a deceleration from the 0.5% rise in March and the 0.8% increase in February. Of course, if spending is rising at the same rate as … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Dollar Decline Continues On Weak Data Posted: 27 May 2011 05:30 AM PDT 05/27/11 A surprising decline in existing home sales has paved the way for another session of a dragging dollar as the week comes to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

CPKF: Raising Recommendation To Outperform Posted: 27 May 2011 10:05 AM PDT Ann Heffron, CFA CPKF: Raising Recommendation to Outperform We are raising our recommendation on Chesapeake Financial Shares, Inc. (CPKF) to outperform from neutral due to valuation. The Company has taken a number of steps to increase returns to shareholders, including two recent dividend hikes totalling 9% and a stock split, and we don't believe this has been reflected in the share price. In addition, CPKF reported a strong first quarter, with diluted EPS rising 34.5% to $0.47 from $0.35. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

First Energy Unit Lowers Bill Posted: 27 May 2011 10:05 AM PDT FirstEnergy Corp.’s (NYSE:FE) unit FirstEnergy Solution has been selected by the City of Fulton, Illinois to supply electricity to residents and small businesses in the community through July 2014. Over the three-year agreement, residents and small businesses are expected to save over half a million in electricity costs besides a one-time grant of $13,000 from FirstEnergy Solution to be used for city benefits. The agreement in place will benefit community members by curtailing their electricity … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

LaSalle Gets Fresh Equity Capital Posted: 27 May 2011 10:05 AM PDT LaSalle Investment Management Inc., the property-fund unit of Jones Lang LaSalle Incorporated (NYSE:JLL) – a leading real estate investment trust (REIT), has recently received $200 million of equity capital from the Teacher Retirement System of Texas (TRS) to invest in real estate co-investment opportunities across the globe. This is the second such instance when LaSalle has bagged funds for investment from the Austin-headquartered public pension firm of the State of Texas. LaSalle had initially … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Up In U.S. Trade Posted: 27 May 2011 10:00 AM PDT Forex Pros – The British Pound was higher against the U.S. Dollar on Friday after the release of U.S. data on Personal Spending.<br/><br/> GBP/USD was trading at 1.6489, up 0.51% at time of writing.<br/><br/> The pair was likely to find support at 1.6060, Monday&rsquo;s low, and resistance at 1.6509, today&rsquo;s high.<br/><br/> Earlier in the day, official data showed that U.S. personal spending rose less-than-expected to a seasonally adjusted … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

European Markets Close Higher; Dax Up 0.69% Posted: 27 May 2011 09:55 AM PDT Forex Pros – European stocks were up after the closing bell on Friday.<br/><br/> At the close of European trade, Germany&rsquo;s DAX rose 0.69%, London&rsquo;s FTSE 100 gained 0.98%, France&rsquo;s CAC 40 climbed 0.86% and the EURO STOXX 50 was up 0.70%.<br/><br/> Earlier in the day, industry data showed that Pending home sales in the U.S. fell more-than-expected to a seasonally adjusted -11.6% last month from 3.5% in the preceding month whose figure was … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Preview: ABM Industries Posted: 27 May 2011 09:35 AM PDT ABM Industries Inc. (NYSE:ABM) is expected to announce its second quarter 2011 results. The current Zacks Consensus Estimate is 27 cents for the relevant quarter, projecting a year-over-year growth of 16.3%. With respect to earnings surprises, over the trailing four quarters, ABM Industries fell short of the Zacks Consensus Estimate in the first quarter of fiscal 2011 and second quarter of fiscal 2010. ABM Industries however was at par with the Zacks Consensus Estimates in the third and fourth … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Scorecard: Zumiez Posted: 27 May 2011 09:35 AM PDT Recently, specialty retailer Zumiez Inc. (NASDAQ:ZUMZ) announced its financial results for the first-quarter 2011. Street analysts had nearly a week to ponder on the news. In the paragraphs that follow, we cover the recent earnings announcement, subsequent analysts' estimate revisions as well as the Zacks Rank and long-term recommendation on the stock. Earnings Review Zumiez reported first-quarter earnings of 6 cents a share, beating the Zacks Consensus Estimate of 2 cents a share. The company … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Angeion Q2 Unimpressive Posted: 27 May 2011 09:35 AM PDT Angeion Corp. (NASDAQ:ANGN) reported financial results for its fiscal 2011 second quarter ending April 30th on May 26th.  Revenue and EPS both came in below our estimates.  In contrast to Q1 2011 results, which also missed our top and bottom line estimates but which we characterized as not overly disappointing (as there were some highlights within the numbers), we don’t see much in Q2 results to be excited about.  The company’s press release noted that as a result of the recent … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Amazon In Solid Growth Trend With E-Book Business Posted: 27 May 2011 09:21 AM PDT originally posted at Minyanville  by  Tony Daltorio. contributing writer Amazon says it is selling more e-books for its Kindle electronic reading device than paperback and hardback editions combined. If you would have told any book lover a few years ago that electronic books were poised to surge in popularity and overtake traditional books, you would have been scoffed at and drawn more than a few stares.But here we are a few years later. The Association of American Publishers … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Golden Gate To Buy California Pizza Posted: 27 May 2011 09:05 AM PDT California Pizza Kitchen Inc (NASDAQ:CPKI), a leading casual dining restaurant chain recently signed a definitive agreement with San Francisco-based private investment firm, Golden Gate Capital. As per the deal, Golden Gate will acquire the company for approximately $470 million or $18.50 per share in cash. The Los Angeles-based pizza chain began exploring strategic and financial alternatives in February 2010 and took more than a year to find a suitor. The offer price is at a 32% premium to the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Quality Systems Beats On Record Rev Posted: 27 May 2011 09:05 AM PDT Quality Systems (NASDAQ:QSII) reported fourth-quarter and fiscal 2011 (ended March 31) earnings per share of 64 cents and $2.12, respectively, beating the Zacks Consensus Estimates of 61 cents and $2.09, respectively, and surpassing the corresponding year-ago figures of 45 cents and $1.68. Net income shot up 42% year over year to $18.6 million in the reported quarter riding on higher revenues, aided by a modulated increase in selling, general and administrative (SG&A) … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Up At The End Of European Session Posted: 27 May 2011 09:00 AM PDT Forex Pros – The Euro was higher against the U.S. Dollar on Friday after the release of U.S. data on Pending Home Sales.<br/><br/> EUR/USD was trading at 1.4286, up 1.00% at time of writing.<br/><br/> The pair was likely to find support at 1.3970, Monday&rsquo;s low, and resistance at 1.4302, today&rsquo;s high.<br/><br/> Earlier in the day, industry data showed that Pending home sales in the U.S. fell more-than-expected to a seasonally adjusted … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: USDJPY Following The Script To The Downside Posted: 27 May 2011 08:43 AM PDT As per the prior post, (CLICK HERE), the USDJPY did not like the housing data. The correction found sellers against he 81.04 level and has moved below the 80.87 and low for the day at 80.81.  The next target comes in at the 80.65-69 area where the trendline support is now found on the hourly chart. Staying below the 80.87 level now keeps the bears in charge. The market will likely feel comfortable with short positions as long as the price can remain below this … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/JPY Down Toward The End Of European Session Posted: 27 May 2011 08:40 AM PDT Forex Pros – The U.S. Dollar was lower against the Japanese Yen on Friday after the release of U.S. data on Pending Home Sales.<br/><br/> USD/JPY was trading at 80.77, down 0.64% at time of writing.<br/><br/> The pair was likely to find support at 80.71, today&rsquo;s low, and resistance at 82.21, Tuesday&rsquo;s high.<br/><br/> Earlier in the day, industry data showed that Pending home sales in the U.S. fell more-than-expected to a seasonally … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

DDR Reaffirmed At Neutral Posted: 27 May 2011 08:36 AM PDT We reiterate our Neutral recommendation on Developer Diversified Realty Corp. (DDR) as we expect the stock to perform in line with the broader market. The company reported first quarter 2011 FFO (fund from operations) of $89.1 million or 25 cents per share compared with a loss of $28.4 million or 12 cents per share in the year-earlier quarter. The reported FFO beat the Zacks Consensus Estimate by 4 cents. Fund from operations, a widely used metric to gauge the performance of REITs, is obtained … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Qualcomm Closes Pending Acquisition Posted: 27 May 2011 08:30 AM PDT The leading manufacturer of mobile phone chipsets in the world, Qualcomm Inc. (NASDAQ:QCOM) recently announced that it has completed the pending acquisition of Atheros Communications Inc. (NASDAQ:ATHR) for $3.1 billion. The newly acquired company will be a subsidiary of Qualcomm and will be known as Qualcomm Atheros Inc. This acquisition is one of the largest in the history of Qualcomm. According to Qualcomm, the recent purchase will have negative impact of 9 cents to 13 cents on their EPS guidance for … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Up Toward The End Of European Session Posted: 27 May 2011 08:25 AM PDT Forex Pros – The British Pound was higher against the U.S. Dollar on Friday after the release of U.S. data on Pending Home Sales.<br/><br/> GBP/USD was trading at 1.6469, up 0.39% at time of writing.<br/><br/> The pair was likely to find support at 1.6060, Monday&rsquo;s low, and resistance at 1.6474, today&rsquo;s high.<br/><br/> Earlier in the day, industry data showed that Pending home sales in the U.S. fell more-than-expected to a seasonally … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Q2 Unimpressive Posted: 27 May 2011 08:22 AM PDT Brian Marckx, CFA Q2 2011 Financial Results Angeion Corp. (ANGN) reported financial results for its fiscal 2011 second quarter ending April 30th on May 26th.  Revenue and EPS both came in below our estimates.  In contrast to Q1 2011 results, which also missed our top and bottom line estimates but which we characterized as not overly disappointing (as there were some highlights within the numbers), we don’t see much in Q2 results to be excited about.  The company’s press release … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Goodyear Gifted Solar Power System Posted: 27 May 2011 08:22 AM PDT Arizona Public Service ("APS"), a unit of Pinnacle West Capital Corp. (NYSE:PNW), together with premier retailer Macy’s Inc. (NYSE:M) and solar panel producer SunPower Corp. (SPWRA), installed a 3.5–megawatt (MW) solar power system at the Macy’s online fulfillment center in Goodyear, Arizona. SunPower has designed and installed the system at the Arizona site, featuring the SunPower®T5 Solar Roof Tile. The company has also agreed to provide ongoing operations and maintenance services for the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Const. Energy On Nuclear Mode Posted: 27 May 2011 08:22 AM PDT Constellation Energy Nuclear Group, LLC awarded a $300 million contract to Global Nuclear Fuel-Americas, a joint venture of General Electric Company (NYSE:GE), Toshiba Corporation (TOSBF) and Hitachi Ltd. (NYSE:HIT). Per the contract, Constellation Energy Nuclear will be provided with fuel and related services for its Nine Mile Point nuclear facility in New York state. Constellation Energy Nuclear is a joint venture of Constellation Energy Group Inc. (NYSE:CEG) and Électricité de France Group. The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Is Apple Losing Momentum? Posted: 27 May 2011 08:22 AM PDT Apple Inc. (AAPL), the most prolific growth story in the tech industry over the past 12 months, appears to be losing some steam in recent times as shares have declined approximately 4.0% since the release of its second quarter 2011 results on April 21, 2011. Apple reported a stellar second quarter, with earnings per share of $6.40 beating the Zacks Consensus Estimate by $1.06 (19.9%) and increasing 92.2% year over year. Revenues surged 82.7% year over year to $24.67 billion. The results were … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

MWI Vet Fixed At Neutral Posted: 27 May 2011 08:22 AM PDT Recently, we reiterated our Neutral recommendation on MWI Veterinary Supply (NASDAQ:MWIV) with a target price of $85.00. MWI reported an EPS of 83 cents in the second quarter of fiscal 2011, up 33.9% from the year-ago period and ahead of the Zacks Consensus Estimate of 75 cents. The company reported revenues of $367.1 million in the quarter, surpassing the Zacks Consensus Estimate of $351 million and 28.1% higher than the corresponding period last year. Through the acquisition of Centaur Services, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Steep Drops In Global Production For Japanese Automakers Posted: 27 May 2011 08:15 AM PDT 05/27/11 Led by supplier plants being destroyed in the March 11 earthquake and tsunami, global production for Japanese automakers took a plunge in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

State Tax Collection Increase By 9.1% In The First Quarter, Largest Annual Gain In Almost Five Years Posted: 27 May 2011 08:13 AM PDT The Rockefeller Institute of Government reported this week that tax collections by state governments are showing strong improvements in the first quarter of this year compared to the same quarter of 2010.  Overall, tax collections increased by 9.1% in the first quarter of 2011 (based on preliminary tax collection data from 47 early reporting states), which is the largest increase since the second quarter of 2006, almost five years ago (see chart above).  The largest gain in the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Word From The Floor: US Stocks Open Higher, USD Weakens Posted: 27 May 2011 03:00 AM PDT 05/27/11 Wall Street started the session higher on mixed economic data and a weaker dollar. US data showed mixed readings on consumers and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Up During The European Session Posted: 27 May 2011 08:00 AM PDT Forex Pros – The Euro was higher against the U.S. Dollar on Friday after the release of U.S. data on Pending Home Sales.<br/><br/> EUR/USD was trading at 1.4259, up 0.81% at time of writing.<br/><br/> The pair was likely to find support at 1.3970, Monday&rsquo;s low, and resistance at 1.4299, today&rsquo;s high.<br/><br/> Earlier in the day, industry data showed that Pending home sales in the U.S. fell more-than-expected to a seasonally adjusted … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: EURUSD Bouncing As London/Europe Prepare For Weekend. Posted: 27 May 2011 07:59 AM PDT The EURUSD has held the 200 bar MA for the second time and the price has pushed back higher. The earlier highs from the day at the  1.4277 level is the next target for the pair. The high for the day is trendline resistance on the daily chart (see chart … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/JPY Down In European Trading Hours Posted: 27 May 2011 07:40 AM PDT Forex Pros – The British Pound was lower against the Japanese Yen on Friday.<br/><br/> GBP/JPY was trading at 133.31, down 0.03% at time of writing.<br/><br/> The pair was likely to find support at 131.28, Monday&rsquo;s low, and resistance at 133.80, Thursday&rsquo;s high.<br/><br/> Meanwhile, the British Pound was up against the U.S. Dollar and down against the Euro, with GBP/USD gaining 0.26% to hit 1.6448 and EUR/GBP rising 0.30% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Up On Economic Data Posted: 27 May 2011 07:30 AM PDT Forex Pros – The Euro was higher against the U.S. Dollar on Friday after the release of U.S. data on Pending Home Sales.<br/><br/> EUR/USD was trading at 1.4237, up 0.65% at time of writing.<br/><br/> The pair was likely to find support at 1.3970, Monday&rsquo;s low, and resistance at 1.4299, today&rsquo;s high.<br/><br/> Earlier in the day, industry data showed that Pending home sales in the U.S. fell more-than-expected to a seasonally adjusted … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Yields Remains Low After Home Sales Plunge Posted: 27 May 2011 07:29 AM PDT The week is ending on an upbeat note with pre-market equity index futures hinting that investors are cautiously upbeat about earnings and economic prospects ahead of the official start of summer in the U.S. Nevertheless, rising equity prices to end the week coincide with a back-to-back series of lower treasury yields with the 10-year benchmark dripping lower on Thursday to its lowest reading since December as it hit 3.04%. Global bonds are a little weaker as fears over the sovereign debt crisis … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: USDJPY Does Not Like Housing Posted: 27 May 2011 07:24 AM PDT The USDJPY fell sharply on the back of the much weaker Pending Home sales. The price has bottomed above the low for the day and looks to correct toward the 100 bar MA on the 5 minute chart. Shorts would like to see the 81.04 level to provide resistance with a rotation back down needing to get below the  80.87 and then the low for the day at … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

US Data Round-Up: Personal Spending & Incomes, UMich Consumer Confidence, Pending Home Sales Posted: 27 May 2011 07:17 AM PDT Personal Incomes and Spending Rise, But Mainly on Price Gains in Energy/Food Data from the US showed that personal incomes and spending both increased 0.4% in April, figures that were broadly in line with expectations, but a cool down in spending as spending had increased a downwardly revised 0.5% in March. Unfortunately discounting spending for price changes, we see that spending actually barely registered positive growth as much of the increase came from a surge in the category that covers … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Crude Remains Above $100.50 Posted: 27 May 2011 02:15 AM PDT 05/27/11 Front month crude prices continued to rise this afternoon as a weaker US dollar clashd with economic … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Northern Petroleum Shares Plunge On Production Concerns Posted: 27 May 2011 02:16 AM PDT Shares in Northern Petroleum (LON:NOP) saw their value slashed by 37.5p to 75p this morning on news of dire production problems at the company's Geesbrug, Grolloo and Wijk en Aalburg fields in the Netherlands. Northern has made substantial cuts to reserves estimates on all three fields and said the non-cash depletion and associate charges meant it was expecting to report a loss for the year to December 2010. The revisions to reserves follow an ongoing economic and technical evaluation. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

AFC Energy Raises New Cash But Parts With MD Posted: 27 May 2011 01:22 AM PDT Alkaline fuel cell developer AFC Energy (LON:AFC) has raised £3.95 million in a share placing priced at 40p per share. The move was heavily supported by AFC Energy's industry partner, ASX-listed Linc Energy (ASX: LNC), which has increased its stake in the business to 12% from 9.67%. Linc has now been granted a right of first refusal in the territories it operates in, relating to all applications for a combination of AFC Energy's fuel cell technology with hydrogen derived from coal. The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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