Tuesday, June 14, 2011

DailyMarkets.com - Forex – EUR/USD Down In Asian Trade

DailyMarkets.com - Forex – EUR/USD Down In Asian Trade

Forex – EUR/USD Down In Asian Trade

Posted: 14 Jun 2011 05:05 PM PDT

Forex Pros – The Euro was lower against the U.S. Dollar on Wednesday.<br/><br/> EUR/USD was trading at 1.4436, down 0.04% at time of writing.<br/><br/> The pair was likely to find support at 1.4322, Monday&rsquo;s low, and resistance at 1.4551, Friday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.02% to hit 0.8820 and EUR/JPY falling 0.001% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Up On Economic Data

Posted: 14 Jun 2011 04:15 PM PDT

Forex Pros – The British Pound was higher against the U.S. Dollar on Tuesday after the release of U.K. data on Nationwide Consumer Confidence.<br/><br/> GBP/USD was trading at 1.6380, up 0.06% at time of writing.<br/><br/> The pair was likely to find support at 1.6216, Friday&rsquo;s low, and resistance at 1.6466, Thursday&rsquo;s high.<br/><br/> Earlier in the day, industry data showed that The U.K.'s Nationwide consumer confidence index rose … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/JPY Up During Asian Trade

Posted: 14 Jun 2011 04:15 PM PDT

Forex Pros – The U.S. Dollar was higher against the Japanese Yen on Tuesday.<br/><br/> USD/JPY was trading at 80.55, up 0.08% at time of writing.<br/><br/> The pair was likely to find support at 79.84, Thursday&rsquo;s low, and resistance at 80.69, Monday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was up against the Euro and down against the British Pound, with EUR/USD shedding 0.01% to hit 1.4440 and GBP/USD rising 0.06% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Nationwide Consumer Confidence Rises Unexpectedly

Posted: 14 Jun 2011 04:10 PM PDT

Forex Pros – The U.K.'s Nationwide consumer confidence index rose unexpectedly last month, industry data showed on Tuesday.<br/><br/>In a report, Nationwide said that Nationwide consumer confidence rose to a seasonally adjusted 55, from 44 in the preceding month whose figure was revised up from 43.<br/><br/>Analysts had expected Nationwide consumer confidence to fall to 41 last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – NZD/USD Up On Economic Data

Posted: 14 Jun 2011 04:00 PM PDT

Forex Pros – The New Zealand Dollar was higher against the U.S. Dollar on Tuesday.<br/><br/> NZD/USD was trading at 0.8185, up 0.05% at time of writing.<br/><br/> The pair was likely to find support at 0.8116, Monday&rsquo;s low, and resistance at 0.8301, Thursday&rsquo;s high.<br/><br/> Meanwhile, the New Zealand Dollar was down against the Australian Dollar and the Euro, with AUD/NZD gaining 0.001% to hit 1.3061 and EUR/NZD rising 0.001% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Google Invests $280M In Solar Projects

Posted: 14 Jun 2011 03:57 PM PDT

06/14/11 Google announced an investment partnership with SolarCity, to support residential installations of solar … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

NextEra Gets Wind Project Funding

Posted: 14 Jun 2011 03:35 PM PDT

NextEra Energy Inc. (NEE) said Bank of America Corporation (NYSE:BAC), the largest U.S. lender, has agreed to invest $177 million in a tax-equity transaction linked to a wind farm project of its business unit, NextEra Energy Resources LLC.
As part of the transaction, NextEra Energy sold Class B membership interests in White Oak Energy Funding LLC, a 150 megawatt wind energy project located in Illinois, to the bank. The company said the transaction will comprise of two fundings.
The White Oak … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

PerkinElmer Adds Technical Skills

Posted: 14 Jun 2011 03:35 PM PDT

A global leader in human and environmental health, PerkinElmer (NYSE:PKI) recently revealed that it has taken over Dexela Limited of the U.K. Dexela is a vendor of flat panel complimentary metal-oxide-semiconductor ("CMOS") X-Ray detection know-how. 
By taking over Dexela, PerkinElmer gains further imaging expertise that comes to play in vital areas such as mammography, cardiology, dental CT and, off course, non destructive testing.
Following the integration of CMOS know-how with its … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

The Day Ahead: UK Jobless Claims, Euro-zone Industrial Production, US CPI, Industrial Production, NY Empire State Manufacturing, TIC Data, NAHB Housing Market Index, EIA Petroleum Inventories

Posted: 14 Jun 2011 10:20 AM PDT

06/14/11 The stories, data, and stocks that may have the greatest impact during the next trading … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Hot Option Plays: Support Held – Harami Confirmed

Posted: 14 Jun 2011 03:17 PM PDT

Cusick’s Corner
Support held. The Harami that formed on yesterday’s close was confirmed and the market turned up. (You can get more info about the Harami pattern on the Educate Center > Stocks > Level 2 > Bullish Candlesticks.) Will the bullishness last? As I said earlier, shorts are getting squeezed and longs are now looking for momentum but that might be difficult after the distribution that we have seen particularly over the last two sessions. The sector that will come under some … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Cliffs Raises Funds Via Stock Issue

Posted: 14 Jun 2011 03:05 PM PDT

Mining operator Cliffs Natural Resources Inc. (NYSE:CLF) has closed a 10.35 million common stock offering at $85.63 per share, for net proceeds of $853.7 million.

Of the total, 9 million shares were originally offered by the company, with 1.35 million exercised in an over-allotment option.
The mining company plans to use the funds to repay debt incurred as part of its takeover of Consolidated Thompson Iron Mines as well as for general corporate purposes.
Cliffs completed its acquisition of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Accuray Wraps Up TomoTherapy Buy

Posted: 14 Jun 2011 03:05 PM PDT

Leading radiosurgery systems maker Accuray Inc (NASDAQ:ARAY) has completed the acquisition of its rival TomoTherapy. This follows the recent approval of the transaction by TomoTherapy's shareholders. The $277 million cash and stock deal was announced in March 2011. TomoTherapy shares ended trading on NASDAQ on June 13.
While Accuray's corporate headquarters will remain in Sunnyvale, California, it will retain a strong presence in Madison, Wisconsin, where TomoTherapy’s headquarters is located. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

T. Rowe Price Stays At Neutral

Posted: 14 Jun 2011 03:05 PM PDT

We maintain our Neutral recommendation on T. Rowe Price Group Inc. (NASDAQ:TROW) based on the steady profit trend of the company in the first quarter of 2011.
In April, T. Rowe Price reported first-quarter 2011 earnings of 72 cents per share, below the Zacks Consensus Estimate of 75 cents owing to higher operating expenses. However, results were significantly up from 57 cents reported in the prior-year quarter driven by higher-than-expected top-line growth and higher assets under management … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Stock Trade Ideas For Wednesday, June 15

Posted: 14 Jun 2011 02:56 PM PDT

 ( click to enlarge )

On my previous posts on Zagg Inc (ZAGG) I mentioned my bullish outlook on the stock. Extremely bullish moves are taking place over the last session's. However, the daily chart is announcing the expected retrace although we need confirmation. The stock might consolidated on Wednesday, but you should watch in case it makes a move. Resistance is now at $13.05, which was today's high. There has been heavy buying in ZAGG, which is why you want to keep watching … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Analyst Interviews: Pharma & Biotech Stock Outlook

Posted: 14 Jun 2011 02:35 PM PDT

Challenges like sluggish prescription trends, EU pricing pressure, intensifying generic competition, pipeline failures and limited late-stage catalysts continue to impact the pharmaceutical industry. The next five years are expected to reflect a significant imbalance between new product introductions and patent losses.

All these factors will lead to a slowdown in global pharmaceutical market growth in the next five years. Products like Lipitor, Plavix, Lexapro and Zyprexa are expected to face … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Telus Cuts Roaming Rates

Posted: 14 Jun 2011 02:25 PM PDT

The second largest Canadian telecommunications company, Telus Corporation (NYSE:TU), slashed its international roaming voice and data rates, to be effective June 27.
The move was made after the Organization for Economic Co-operation and Development revealed in a report that Canadian wireless carriers are charging the highest rates for sending and receiving wireless data outside their home country.
Telus has been trying to reduce its international roaming rates since the launch of the high-speed … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

American Oriental Evenly Poised

Posted: 14 Jun 2011 02:25 PM PDT

We are maintaining our Neutral recommendation on American Oriental Bioengineering Inc. (NYSE:AOB) with a target price of $1.25.
American Oriental Bioengineering, based in Beijing, China, together with its wholly owned subsidiaries, is a pharmaceutical company that develops, manufactures and commercializes both plant-based pharmaceutical  and plant-based nutraceutical  products.
In May 2011, American Oriental reported first quarter 2011 earnings per share of $0.01, lower than both the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Genworth Divests Medicare Biz

Posted: 14 Jun 2011 02:25 PM PDT

Genworth Financial Inc. (NYSE:GNW) has inked a deal with Aetna Inc. (NYSE:AET) to sell its Medicare supplement business and related blocks of in-force business for $290 million. The transaction is expected to close in the fourth quarter of 2011 pending regulatory approvals and closing conditions.
Genworth estimates approximately $240 million will be available for utilization within its life insurance companies from the transaction. The company also expects to record an after-tax gain of approximately … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

France Telecom Still Neutral

Posted: 14 Jun 2011 02:25 PM PDT

We are reiterating our long-term Neutral recommendation on France Telecom (NYSE:FTE), the largest telecom carrier in Paris.
France Telecom remains significantly challenged by weak economic conditions and unfavorable regulatory measures across its key European markets that continue to weigh on its top line.
The company is facing tough competition from Bouygues, Telecom Italia spA (NYSE:TI) and Vodafone Group Plc. (NYSE:VOD) in its domestic market, which contributes more than half of its revenue and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

POSCO Soon To List ZPSS

Posted: 14 Jun 2011 02:05 PM PDT

Korean steel producer, POSCO (NYSE:PKX) recently expressed its intention to raise funds from the Chinese market by listing its Chinese stainless steel joint venture in either Hong Kong or Shanghai. The initial public offering is expected to take place by 2013.
The joint venture, Zhangjiagang POSCO Stainless Steel (ZPSS), was formed in 1997 as a result of collaboration between POSCO and Jiangsu Shagang Group. The former currently holds an 82.5% stake while the latter owns 17.5% in the venture.
The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Tyson Fined For Safety Violations

Posted: 14 Jun 2011 02:05 PM PDT

The feed mill of Tyson Foods Inc. (NYSE:TSN) at Nashville, AR, has been fined a sum of $70,000 for "willful" safety violations by The Occupational Safety and Health Administration ("OSHA"). The violation led to a fatality and the company has to pay the penalty by June 22 or prove its innocence.
Forty-eight year old Johnny Needham, of Lockesburg, AR, was killed during the early hours on December 9 when a grain silo collapsed, trapping him beneath several tons of grain and concrete. 
As … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Closing Bell Market Monitor: BBY, NOK, JCP

Posted: 14 Jun 2011 02:00 PM PDT

06/14/11 The latest in news, commentary, and information on what’s moving the US equities … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Up At The End Of U.S. Session

Posted: 14 Jun 2011 01:55 PM PDT

Forex Pros – The Euro was higher against the U.S. Dollar on Tuesday after the release of U.S. data on Core Retail Sales.<br/><br/> EUR/USD was trading at 1.4442, up 0.20% at time of writing.<br/><br/> The pair was likely to find support at 1.4322, Monday&rsquo;s low, and resistance at 1.4646, Thursday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that U.S. core retail sales rose more-than-expected to a seasonally adjusted 0.3% … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/JPY Up Toward The End Of U.S. Session

Posted: 14 Jun 2011 01:40 PM PDT

Forex Pros – The U.S. Dollar was higher against the Japanese Yen on Tuesday after the release of U.S. data on Core Retail Sales.<br/><br/> USD/JPY was trading at 80.45, up 0.26% at time of writing.<br/><br/> The pair was likely to find support at 79.84, Thursday&rsquo;s low, and resistance at 80.69, Monday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that U.S. core retail sales rose more-than-expected to a seasonally adjusted … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Still Neutral On Exelon

Posted: 14 Jun 2011 01:35 PM PDT

We view the proposed merger of Exelon Corporation (NYSE:EXC) with Constellation Energy (NYSE:CEG) in a positive light as it is set to create the nation’s cleanest power generation fleet and provide with opportunities for commercial solar energy development, while also focusing on increasing efficiency.
However, Exelon’s dependence on the price fluctuations in the wholesale power markets for its financial performance plus the potential regulatory and political risks related to its utility businesses, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

AngioDynamics Falls, CEO Quits

Posted: 14 Jun 2011 01:35 PM PDT

Shares of therapeutic and diagnostic devices maker AngioDynamics (NASDAQ:ANGO) fell following its disappointing preliminary fourth-quarter fiscal 2011 results, which trailed Street expectations. Moreover, the Queensbury, New York-based company's President and CEO Jan Keltjens resigned effective immediately.
AngioDynamics' shares fell $1.08 (or 7.4%) to $13.49 after the closing gong on Monday. The company is slated to release final results for the quarter on July 14.
AngioDynamics stated that it … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

SunPower Completes USAF Project

Posted: 14 Jun 2011 01:35 PM PDT

SunPower Corporation (SPWRA) along with its partner Colorado Springs Utilities announced the completion of a 6-megawatt solar photovoltaic power system at the U.S. Air Force Academy (“USAFA”) in Colorado Springs, Colorado.
Colorado Springs Utilities provides electricity, natural gas, water and wastewater services to the Pikes Peak region. The municipality-owned utility is committed to protecting the environment while providing reliable and affordable utility services.
The project was funded … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Up Toward The End Of U.S. Session

Posted: 14 Jun 2011 01:25 PM PDT

Forex Pros – The Euro was higher against the U.S. Dollar on Tuesday after the release of U.S. data on Core Retail Sales.<br/><br/> EUR/USD was trading at 1.4446, up 0.23% at time of writing.<br/><br/> The pair was likely to find support at 1.4322, Monday&rsquo;s low, and resistance at 1.4646, Thursday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that U.S. core retail sales rose more-than-expected to a seasonally adjusted 0.3% … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: USD/CAD Breaks Down To Continue Bearish Trend

Posted: 14 Jun 2011 01:13 PM PDT

USD/CAD (daily chart) as of Tuesday (6/14/2011) has broken swiftly down to break below a rising parallel channel that represented a bullish correction within a long-term bearish trend. This breakdown has brought price down to hit key support around the 0.9680 price region. The bearishness represented by this breakdown occurs after price action respected with a clear shooting star candle both the 0.9850 resistance level and an important downtrend resistance line extending back to the October … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. Markets Close Higher; Dow Jones Up 1.03%

Posted: 14 Jun 2011 01:10 PM PDT

Forex Pros – U.S. stocks were up after the closing bell on Tuesday.<br/><br/> At the close of U.S. trade, the Dow Jones Industrial Average rose 1.03%, the S&P 500 index gained 1.26%, while the Nasdaq 100 index climbed 1.26%.<br/><br/> Earlier in the day, official data showed that U.S. core retail sales rose more-than-expected to a seasonally adjusted 0.3% last month from 0.5% in the preceding month whose figure was revised down from … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. Cellular’s Windows 7 Phone

Posted: 14 Jun 2011 01:06 PM PDT

U.S. Cellular (NYSE:USM), the leading telecom service provider has launched its HTC 7 Pro smartphone. This also marks U.S. Cellular's debut into the Microsoft (NASDAQ:MSFT) Windows 7 platform.
The smartphone will cost around $199.99 after a $100 mail-in rebate and features a 3.6-inch screen, slide-out Qwerty keyboard, 1 GHz Qualcomm (NASDAQ:QCOM) Snapdragon processor and a 5-megapixel camera.
Last month, U.S. Cellular had introduced HTC Merge, based on Google's (NASDAQ:GOOG) Android 2.2 (also called Froyo) … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

GE Provides Credit To LS Power

Posted: 14 Jun 2011 01:00 PM PDT

GE Energy Financial Services, a unit of General Electric Company (NYSE:GE), announced that it will provide $73 million for three merchant generating facilities owned by an affiliate of LS Power in Illinois and Connecticut.
LS Power is a power generation and transmission group, which is involved in the development, construction, or operations of over 20,000 megawatt (MW) of power generation throughout the United States.
LS Power will utilize the credit facility to recapitalize the three gas-fired … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

NCR Corp. Wins ATM Deal

Posted: 14 Jun 2011 01:00 PM PDT

NCR Corp. (NYSE:NCR) recently announced that it will provide its SelfServ Automated Teller Machines (ATM) to Texas-based Broadway Bank. Financial details of the deal were not divulged.
As per the terms of the deal, NCR will provide the Bank with SelfServ ATMs along with Solidcore Suite for APTRA. NCR will also provide support for hardware and software maintenance. The Bank will replace its old ATMs with the new ones to provide best-in-class retail services.
'Solidcore Suite for APTRA' is a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Down During The U.S. Session

Posted: 14 Jun 2011 12:45 PM PDT

Forex Pros – The British Pound was lower against the U.S. Dollar on Tuesday after the release of U.S. data on Core Retail Sales.<br/><br/> GBP/USD was trading at 1.6370, down 0.02% at time of writing.<br/><br/> The pair was likely to find support at 1.6216, Friday&rsquo;s low, and resistance at 1.6466, Thursday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that U.S. core retail sales rose more-than-expected to a seasonally … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Sasol Completes Talisman Shale Deal

Posted: 14 Jun 2011 12:35 PM PDT

South African petrochemicals group Sasol Ltd. (SSL) has closed its previously announced deal with Canadian energy explorer Talisman Energy Inc (TLM) to buy a 50% stake in the latter's prolific Montney Basin shale natural gas assets in western Alberta and north-eastern British Columbia for approximately C$1,050 million (R7,413 million).
The transaction – which was declared in March and the second between the two companies in recent times – was completed following regulatory and shareholder … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

CEO Pick For J.C. Penney Sends Options Traders Into Overdrive

Posted: 14 Jun 2011 12:22 PM PDT

CEO pick for J.C. Penney sends options traders into overdrive
Today's tickers: JCP, CROX, CSCO & KR
(NYSE:JCP) – J.C. Penney Co., Inc. – Frenzied options trading ensued following reports that Ron Johnson, head of retail at Apple Inc., was named CEO of J.C. Penney Co. The news drove shares in the department store operator up 19.5% to $35.97by 1:40 pm in New York. The number of options in play on JCP today is approaching 171,000 contracts in afternoon trade, topping overall open interest on … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

CEO Pick ForJ.C. Penney Sends Options Traders Into Overdrive

Posted: 14 Jun 2011 12:19 PM PDT

CEO pick forJ.C. Penney sends options traders into overdrive
Today's tickers: JCP, CROX, CSCO & KR
(NYSE:JCP) – J.C. Penney Co., Inc. – Frenzied options trading ensued following reports that Ron Johnson, head of retail at Apple Inc., was named CEO of J.C. Penney Co. The news drove shares in the department store operator up 19.5% to $35.97by 1:40 pm in New York. The number of options in play on JCP today is approaching 171,000 contracts in afternoon trade, topping overall open interest on … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Nouriel Roubini Issues ‘perfect Storm’ Warning For Stocks

Posted: 14 Jun 2011 12:17 PM PDT

SmartStops commentary:   There are critics of his calls, but Roubini in July 2006 predicted a "catastrophic" global financial meltdown that central bankers would be unable to prevent. The collapse of Lehman Brothers Holdings Inc. in 2008 sparked turmoil that led to the worst financial crisis since the 1930s.   Of course predicting the markets future is challenging to say the least, with so many factors at play.  Its why investor's … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Equinix Expands In Brazil

Posted: 14 Jun 2011 12:15 PM PDT

Global data center service provider Equinix Inc. (NASDAQ:EQIX) recently announced its intention of expanding operations in Brazil. The company also secured a couple of new contracts, which will likely improve its business volume in the coming quarters.
As per the recent disclosure made by the data center major, Equinix has opened its third International Business Exchange (IBX) data center in Brazil, based on the platform provided by ALOG Data Centers of Brazil S.A.
This newly developed data center … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CAD Down In U.S. Trade

Posted: 14 Jun 2011 12:10 PM PDT

Forex Pros – The U.S. Dollar was lower against the Canadian Dollar on Tuesday after the release of U.S. data on Core Retail Sales.<br/><br/> USD/CAD was trading at 0.9682, down 0.80% at time of writing.<br/><br/> The pair was likely to find support at 0.9675, today&rsquo;s low, and resistance at 0.9813, Thursday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that U.S. core retail sales rose more-than-expected to a seasonally … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Chesapeake Hikes Dividend

Posted: 14 Jun 2011 12:05 PM PDT

Natural gas major Chesapeake Energy Corporation (NYSE:CHK) raised its quarterly cash dividend to 8.75 cents per share (35 cents per share on a yearly basis), representing an increase of approximately 17% from its prior dividend. The new dividend is payable on July 15 to shareholders of record as of July 1.
The hike marks Chesapeake's first quarterly dividend increase since July 1, 2008. The company, which recently reported sharper-than-expected first-quarter results, has bolstered its long-term … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Haemonetics Remains Neutral

Posted: 14 Jun 2011 12:05 PM PDT

Recently, we reaffirmed our Neutral recommendation on Haemonetics Corporation (NYSE:HAE) with a target price of $68.00.
Haemonetics reported an adjusted EPS of 85 cents in the fourth quarter of fiscal 2011, surpassing the Zacks Consensus Estimate of 83 cents and the year-ago quarter's 75 cents. For fiscal 2011, the adjusted EPS came in at $3.27, beating the Zacks Consensus Estimate of $3.25 and the previous year's $2.85.
The company reported revenues of $170 million in the quarter, up 1% … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Promising Data On Vertex’ CF Drug

Posted: 14 Jun 2011 12:05 PM PDT

Vertex Pharmaceuticals Inc. (NASDAQ:VRTX) recently reported final data from a late-stage trial (STRIVE) on VX-770, which is being studied for the treatment of cystic fibrosis (CF). The data were presented at the European Cystic Fibrosis Society (ECFS) conference.
The study, which enrolled 161 patients aged 12 years and older, dosed either VX-770 (150 mg) once daily or placebo twice daily. The trial data demonstrated that the candidate helped in improving the lung function (forced expiratory volume … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Shell’s Pearl GTL Plant Starts Up

Posted: 14 Jun 2011 12:05 PM PDT

Energy major Royal Dutch Shell plc (RDS.A) announced the first shipment from its flagship Pearl gas-to-liquids ("GTL") development in Qatar. The long-awaited start-up of the $19 billion project – being built in collaboration with state-run Qatar Petroleum – marks a major milestone for the stakeholders.
The biggest energy project ever launched in the desert sheikdom, Pearl GTL recently sold its first cargo of gasoil – a clean-burning diesel-type fuel – from the initial train (unit) … [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: 14 Jun 2011 11:45 AM PDT

Forex Pros – The Euro was higher against the U.S. Dollar on Tuesday after the release of U.S. data on Core Retail Sales.<br/><br/> EUR/USD was trading at 1.4479, up 0.46% at time of writing.<br/><br/> The pair was likely to find support at 1.4322, Monday&rsquo;s low, and resistance at 1.4646, Thursday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that U.S. core retail sales rose more-than-expected to a seasonally adjusted 0.3% … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Drill, Drill, Drill = Jobs, Jobs, Jobs

Posted: 14 Jun 2011 11:06 AM PDT

Joshua Wright at the New Geography website has a great article titled “The Explosion of Oil and Gas Extraction Jobs.”  The whole article is worthwhile and that’s lot of interesting job data, but here’s the most amazing data point:

“In total, nine of the top 11 fast-growing jobs in the nation are tied in one way or another to oil and gas extraction.” 

HT: Steve … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
at

No comments:

Post a Comment