Thursday, May 26, 2011

DailyMarkets.com - Walgreens Ties Up With Johns Hopkins

DailyMarkets.com - Walgreens Ties Up With Johns Hopkins


Walgreens Ties Up With Johns Hopkins

Posted: 26 May 2011 10:05 AM PDT

Recently, Walgreens (NYSE:WAG) and Johns Hopkins Medicine have entered into an agreement to promote population-based research as well as jointly participate in review and development of protocols to improve outcomes of patients suffering from chronic diseases. Furthermore, both the companies together aim to innovate new models to improve patients care. However, financial terms of the contract were not disclosed.
Johns Hopkins Medicine helps improve the community health by creating and transmitting … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Viacom Hikes Dividend

Posted: 26 May 2011 09:55 AM PDT

The board of directors of Viacom Inc. (VIA.B) recently increased the company's quarterly cash dividend on its class A and class B common stock by 67% to 25 cents per share.The company will pay the dividend on July 1, 2011 to shareholders of record as of June 15, 2011.
We believe that the rise in dividend was mainly driven by the company's blockbuster financial results and huge cash availability. The company intends to enhance share holders' value by means of raising dividends or … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Generic Threat Hanging Over Shire

Posted: 26 May 2011 09:55 AM PDT

Ireland-based Shire (NASDAQ:SHPGY) recently received notices from Amneal Pharmaceuticals and Watson Pharmaceuticals Inc. (NYSE:WPI) regarding patent challenges to its drug Vyvanse, which is indicated for treating patients suffering from attention deficit hyperactive disorder (ADHD).
ADHD refers to a neurobiological disorder that is often hereditary in nature. The disease gives way to lack of attention and often results in impulsiveness and hyperactivity.
By issuing the notices (paragraph IV … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Dow Grants Quantum Fleet Contract

Posted: 26 May 2011 09:35 AM PDT

The chemical giant The Dow Chemical Company (NYSE:DOW) awarded a contract to Irvine-based Quantum Fuel Systems Technologies Worldwide Inc. (NASDAQ:QTWW) to deliver hybrid drive systems to Dow’s fleet.
The contract covers the delivery of more than 100 plug-in-hybrid electric (PHEV) pickup truck fleet vehicles based on the Ford F-150 pickup. Quantum developed a new hybrid drive system "Quantum F-Drive" specifically for the F-150, which is one of the highest volume selling fleet vehicles in America. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Hormel Posts In Line 2Q Results

Posted: 26 May 2011 09:10 AM PDT

Hormel Foods Corporation (HRL) posted strong results for the second quarter of fiscal 2011 with an EPS of 40 cents compared with 34 cents in the corresponding period of fiscal 2010 based on a year-over-year increase of 15.3% in revenue in the second quarter.
During the quarter, Hormel reported EPS of 40 cents, up 17.6% from 34 cents in the year-ago quarter and in line with the Zacks Consensus Estimate of 40 cents. Net income reached $109.6 million up from $91.3 million in the second quarter of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Two Harbor Issues Public Offering

Posted: 26 May 2011 09:05 AM PDT

Two Harbors Investment Corp. (TWO), a real estate investment trust, recently issued a public offering of 20 million shares worth approximately $208 million, at an average price of $10.40. The offering is expected to close on May 31, 2011. In a bid to cover over-allotments, the company will provide a 30-day option to the underwriters for purchasing an additional 3 million shares.
Two Harbors intends to utilize the proceeds generated from the transaction for acquiring financial assets and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – GBP/USD Up In U.S. Trade

Posted: 26 May 2011 08:45 AM PDT

Forex Pros – The British Pound was higher against the U.S. Dollar on Thursday after the release of U.S. data on GDP.<br/><br/> GBP/USD was trading at 1.6340, up 0.41% at time of writing.<br/><br/> The pair was likely to find support at 1.6060, Monday&rsquo;s low, and resistance at 1.6376, today&rsquo;s high.<br/><br/> Earlier in the day, preliminary official data showed that Gross domestic product in the U.S. rose less-than-expected to a seasonally … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


European Markets Mixed At Close; Dax Down 0.78%

Posted: 26 May 2011 08:45 AM PDT

Forex Pros – European stocks were mixed after the closing bell on Thursday.<br/><br/> At the close of European trade, Germany&rsquo;s DAX fell 0.78%, London&rsquo;s FTSE 100 gained 0.25%, France&rsquo;s CAC 40 declined 0.23% and the EURO STOXX 50 was down 0.60%.<br/><br/> Earlier in the day, preliminary official data showed that Gross domestic product in the U.S. rose less-than-expected to a seasonally adjusted annual rate of 1.8% in the last quarter from … [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: 26 May 2011 08:45 AM PDT

Forex Pros – The New Zealand Dollar was higher against the U.S. Dollar on Thursday after the release of U.S. data on Initial Jobless Claims.<br/><br/> NZD/USD was trading at 0.8084, up 1.20% at time of writing.<br/><br/> The pair was likely to find support at 0.7860, Monday&rsquo;s low, and resistance at 0.8118, today&rsquo;s high.<br/><br/> Earlier in the day, official data showed that U.S. Initial Jobless Claims rose unexpectedly to a seasonally … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – AUD/USD Up In U.S. Trade

Posted: 26 May 2011 08:45 AM PDT

Forex Pros – The Australian Dollar was higher against the U.S. Dollar on Thursday after the release of U.S. data on Initial Jobless Claims.<br/><br/> AUD/USD was trading at 1.0589, up 0.52% at time of writing.<br/><br/> The pair was likely to find support at 1.0441, Wednesday&rsquo;s low, and resistance at 1.0656, Monday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that U.S. Initial Jobless Claims rose unexpectedly to 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: 26 May 2011 08:45 AM PDT

Forex Pros – The Euro was higher against the U.S. Dollar on Thursday after the release of U.S. data on GDP.<br/><br/> EUR/USD was trading at 1.4088, up 0.001% at time of writing.<br/><br/> The pair was likely to find support at 1.3970, Monday&rsquo;s low, and resistance at 1.4206, today&rsquo;s high.<br/><br/> Earlier in the day, preliminary official data showed that Gross domestic product in the U.S. rose less-than-expected to a seasonally adjusted … [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: 26 May 2011 08:45 AM PDT

Forex Pros – The Euro was higher against the U.S. Dollar on Thursday after the release of U.S. data on Initial Jobless Claims.<br/><br/> EUR/USD was trading at 1.4088, up 0.001% at time of writing.<br/><br/> The pair was likely to find support at 1.3970, Monday&rsquo;s low, and resistance at 1.4206, today&rsquo;s high.<br/><br/> Earlier in the day, official data showed that U.S. Initial Jobless Claims rose unexpectedly to a seasonally adjusted 424K … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


The Republican Death Wish

Posted: 26 May 2011 08:40 AM PDT

Forty Senate Republicans have now joined their colleagues in the House to support Paul Ryan's plan that would turn Medicare into vouchers that funnel money to private health insurers. They thumbed their nose at the special election in upstate New York earlier this week that delivered a victory to Democrat Kathy Hochul, who made the plan the focus of her upset victory.
So now it's official. The 2012 campaign will be about the future of Medicare. (Yes, it will also be about jobs, but the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Hasbro To Repurchase Shares

Posted: 26 May 2011 08:35 AM PDT

Hasbro Inc. (NYSE:HAS), an American multi-national toy and boardgame company, recently announced that its board of directors has approved an additional share repurchase program worth $500 million. The additional share repurchase authorization is a part of the company's strategy to enhance share holders' return. The program has no expiration date.
One of the world's largest toy makers currently has $21.4 million remaining under the $625 million share repurchase program authorized by the board … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


AutoZone Reports Strong 3Q

Posted: 26 May 2011 08:25 AM PDT

AutoZone Inc. (NYSE:AZO) reported net income of $227.4 million during the third quarter of  fiscal 2011, up 12.1% year over year from $202.7 million. Earnings per share (EPS) of $5.29 comprehensively beat the year-ago quarter earnings of $4.12. Reported EPS also surpassed the Zacks Consensus Estimate by 32 cents. 
Net sales improved 8.6% to $1.98 billion driven by higher sales volume coupled with an aggressive store expansion strategy. Net sales were slightly higher than the Zacks … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Swiss Franc: The Downside Prevails

Posted: 26 May 2011 08:20 AM PDT

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Australian Dollar: The Downside Prevails

Posted: 26 May 2011 08:20 AM PDT

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Canadian Dollar: Caution

Posted: 26 May 2011 08:20 AM PDT

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Japanese Yen: Under Pressure

Posted: 26 May 2011 08:19 AM PDT

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


British Pound: The Downside Prevails

Posted: 26 May 2011 08:19 AM PDT

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Aussie Whipsawed By Commodities

Posted: 26 May 2011 08:19 AM PDT

Today’s Idea
The Aussie Dollar has been adversely affected by outside factors which include the commodity sell-off and risk aversion. Commodity prices appear to have stabilized, but the upside may be somewhat limited due to poor economic showings in the US and EU, as well as the mounting debt problems facing the EU. Technically, the June Aussie finds itself in a vulnerable position, teetering above support. The direction of the market is difficult to gauge at this time. Some traders may wish to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Euro: The Downside Prevails

Posted: 26 May 2011 08:19 AM PDT

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Faint Growth Catapults Bonds

Posted: 26 May 2011 08:06 AM PDT

June treasury notes recaptured fresh contract highs following a downbeat reassessment of the health of the world's leading economy during the first-quarter. European yields followed suit inspired by earlier hopes that Asian investors would dare to step to shore up the fiscal shortfalls resulting from overspending and a deep financial crisis.
Eurodollar futures – The second reading of GDP for the first three months of the year failed to improve on a 1.8% expansion, cooler than rip-roaring … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Cracker Barrel Misses, Guides Low

Posted: 26 May 2011 08:05 AM PDT

Cracker Barrel Old Country Store Inc. (NASDAQ:CBRL) reported third quarter 2011 adjusted earnings of 58 cents per share, below the Zacks Consensus Estimate of 66 cents per share. The earnings exclude a benefit of 6 cents related to the sale of a property. The lower-than-expected results were due to higher commodity costs.
On a GAAP basis, the company reported earnings of 64 cents, beating the year-ago quarter earnings of 61 cents.
Quarter Performance
Total revenue inched up 0.7% year over year … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Toll Brothers Misses On Both Lines

Posted: 26 May 2011 08:05 AM PDT

Toll Brothers Inc. (NYSE:TOL) reported a net loss of $20.8 million or 12 cents per share during the second quarter of fiscal 2011 compared with a net loss of $40.4 million or 24 cents per share a year ago. However, excluding a tax benefit of $10.7 million, net loss was $31.5 million or 19 cents per share, much higher than the Zacks Consensus Estimate of a loss of 5 cents per share.
Adjusted pre-tax income was $1.0 million compared with a pre-tax loss of $9.5 million last year. Revenues rose 3% … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Word From The Floor: Wall Street In The Red, USD Weakens

Posted: 26 May 2011 08:00 AM PDT

05/26/11 US stocks started lower, following the release of US GDP and jobless claims data. The USD declined, while oil and gold traded … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex Notes 5.26.2011 – CHF And JPY Gain In A Bout Of Risk Aversion

Posted: 26 May 2011 07:57 AM PDT

Today's event risk in the markets was the US GDP, where a revision of the Q1 GDP of 1.8% to 2.2% was expected. Instead a 1.9% growth was estimated. Along with the release, came strength in the JPY and CHF, but not in the USD. Let's take a quick look at the USD/JPY, USD/CHF, EUR/JPY, EUR/CHF, GBP/JPY, and GBP/CHF pairs.
USD/JPY

- The USD/JPY completed an ending diagonal, or a rising wedge seen in the 1H chart. The breakout was then confirmed when the market was kept under 82.00.
- Then … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex Trading: USDCHF Back Up To Resistance

Posted: 26 May 2011 07:54 AM PDT

The trendline held below (see prior post by clicking here).  The underside of the trendline is now beling tested now at 0.8685. The  next trendline resistance comes in at 0.8702 which is the larger channel the USDCHF has been … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – Dollar Broadly Lower After Weak U.S. Growth, Jobs Data

Posted: 26 May 2011 07:47 AM PDT

Forex Pros – The U.S. dollar was broadly lower against its major counterparts on Thursday, following the release of weak U.S. growth and unemployment data, while the euro gave up gains after remarks by a senior European Union official.<br /><br />During early U.S. trading hours, the greenback was slightly lower against the euro, with EUR/USD up just 0.10% to hit 1.4102.<br /><br />Earlier in the day, Eurogroup President Jean-Claude Juncker said if payment of the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Natural Gas Futures Plunge After U.S. EIA Data

Posted: 26 May 2011 07:40 AM PDT

Forex Pros – utures Pros &ndash; Natural gas futures extended losses on Thursday, tumbling to a four-day low after the U.S. Energy Information Administration said natural gas inventories rose more-than-expected last week. <br /><br />On the New York Mercantile Exchange, natural gas futures for July delivery traded at USD4.296 per million British thermal units during U.S. morning trade, tumbling 2.7%.&nbsp; <br /><br />It earlier fell as much as 3.4% to USD4.264 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – GBP/USD Clings To Gains After Disappointing U.S. Data

Posted: 26 May 2011 07:26 AM PDT

Forex Pros – The pound clung to gains against the U.S. dollar on Thursday, trading close to a two-week high after the release of disappointing U.S. unemployment and gross domestic product data.<br /><br />GBP/USD hit 1.6376 during early U.S. trade, the pair&rsquo;s highest since May 12; the pair subsequently consolidated at 1.6351, gaining 0.47%.<br /><br />Cable was likely to find support at 1.6130, Wednesday&rsquo;s low and short-term resistance at 1.6421, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Gold Futures Retreat From 3-week High On Profit-taking

Posted: 26 May 2011 07:18 AM PDT

Forex Pros – Gold futures erased gains on Thursday, tracking sharp losses in silver prices, as investors cashed out of the market to lock in gains from a four-day rally that took prices to a three-week high. <br /><br />On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at USD1,519.75 a troy ounce during late U.S. morning trade, slumping 0.48%.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Crude Trading Above $101

Posted: 26 May 2011 02:15 AM PDT

05/26/11 Front month crude prices were still trading above $101 a barrel on a weak dollar and mixed economic … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


FX Headlines: Kiwi Rallies Even As Gold, Silver Fall

Posted: 26 May 2011 06:43 AM PDT

The markets remain risk-averse, but that hasn't stopped traders from fleeing to the New Zealand Dollar. The commodity currencies pushed back, slightly, against the funding and safe haven currencies in the overnight, with the two antipodean currencies leading the way against the Greenback and the Yen.

Fundamental Headlines• U.S. Jobless Claims Unexpectedly Climbed Last Week – Bloomberg
• U.S. Stocks Drop on GDP Data, Jobless Claims – Bloomberg
• At Summit, G8 Powers Urge Yemen Leader to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


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