Wednesday, June 29, 2011

DailyMarkets.com - Shaw Communications Beats

DailyMarkets.com - Shaw Communications Beats


Shaw Communications Beats

Posted: 29 Jun 2011 10:04 AM PDT

Shaw Communications Inc. (NYSE:SJR) declared its third quarter 2011 financial results, which beat the Zacks Consensus Estimate.
In the reported quarter, the company laid off 550 employees including 150 managers. Although the business restructuring is estimated to cost between $29 million and $30.7 million, it will result in early cost savings of more than $50 million.
Second Quarter Results in Details
Net income in the reported quarter was $209.5 million or 46 cents per share compared with a net … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Family Dollar Misses, Earnings Up

Posted: 29 Jun 2011 10:04 AM PDT

Family Dollar Stores Inc. (NYSE:FDO) recently posted third-quarter 2011 results. The quarterly earnings of 91 cents a share missed the Zacks Consensus Estimate of 95 cents, but jumped 18.2% from 77 cents earned in the prior-year quarter due to healthy sales witnessed in the Consumable and Home Products categories.
However, the shares of Family Dollar dropped 3.3% or $1.76 to $51.26 in pre-market trading.
The company had earlier guided earnings in the range of 92 cents to 97 cents for the quarter … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Brisk Biz At Quality System NextGen

Posted: 29 Jun 2011 10:04 AM PDT

NextGen Healthcare Information Systems, a fully owned subsidiary of Electronic Health Record ("EHR") service provider Quality Systems Inc. (NASDAQ:QSII), recently revealed that Northeast Valley Health Corporation ("NEVHC") and Community Health Center Network ("CHCN") have chosen NextGen's know-how to facilitate their meaningful use quest and business expansion target.
NextGen Healthcare enlisted 32 additional community health centers ("CHCs") and health center controlled networks … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Tower Declares 2Q Cat Loss Estimate

Posted: 29 Jun 2011 09:35 AM PDT

Yesterday, property and casualty insurer Tower Group, Inc. (NASDAQ:TWGP) announced its catastrophe loss estimate for the second quarter of 2011. The company pegged the total pre-tax catastrophe loss (cat loss) estimate from the April-May storm at $8 million.
Earlier during April, Tower announced that the loss from Northeast U.S. winter storms would be in the range of $6.5 million to $9.8 million after tax, or 16 cents to 23 cents per diluted share
In the previous quarter, Tower experienced higher … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Novatel Wireless Remains Neutral

Posted: 29 Jun 2011 09:20 AM PDT

We reiterate our long-term Neutral recommendation on Novatel Wireless Inc. (NASDAQ:NVTL). Although the company fell below the Zacks Consensus Estimates in the first quarter of 2011, management has provided an optimistic outlook for the ensuing second quarter due to significant market traction of its newly launched 4G LTE network capable products. During the last four quarters, Novatel suffered mainly due to lower sales of its 3G access products and ongoing customer transition to next-generation (4G) … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


RLI Corp. Downgraded

Posted: 29 Jun 2011 09:20 AM PDT

We are downgrading RLI Corp. (NYSE:RLI) to Neutral from Outperform as its Casualty segment continues to remain under pressure owing to difficult economic conditions, especially in construction and transportation-related coverages.
The Casualty segment was under pressure owing to difficult economic conditions, especially in construction and transportation-related coverages. General Liability, the largest product of the company under the Casualty segment, has remained soft over the past several … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Buy Wholesale, Sell Retail. Repeat.

Posted: 29 Jun 2011 09:09 AM PDT

Click on the chart to ENLARGE

This happens over and over again. It’s incredible.

Thank you True Strength Index (TSI) … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex Trading: EURUSD Back Toward The Ceiling At 1.4447

Posted: 29 Jun 2011 09:08 AM PDT

The EURUSD held support against the channel trendline and has rotated back to the upside. The price is back toward the ceiling resistance at the 1.4441 to 1.4447 level.  The 1.4441 level was the high from June 22nd. The 1.4447 level was the high today (along with other hourly high bars at 1.4438, 1.4442, 1.4443).  The last hour saw the price reach a high at the 1.4440.  Clearly, the level is attracting selling/profit taking interest for the pair. 
The technical bias off the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Novartis Afinitor Backed In EU

Posted: 29 Jun 2011 09:02 AM PDT

Novartis AG (NYSE:NVS) received a boost recently when the Committee for Medicinal Products for Human Use (CHMP) of the European Medicines Agency (EMA) recommended approval of its drug Afinitor for the treatment of subependymal giant cell astrocytomas (SEGA), a benign brain tumor associated with tuberous sclerosis (TS), in the European Union. The European Commission is expected to give its decision within the next three months.
The drug will be marketed in the EU in the trade name of Votubia and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Novatel Wireless Remains Neutral

Posted: 29 Jun 2011 09:02 AM PDT

We reiterate our long-term Neutral recommendation on Novatel Wireless Inc. (NASDAQ:NVTL). Although the company fell below the Zacks Consensus Estimates in the first quarter of 2011, management has provided an optimistic outlook for the ensuing second quarter due to significant market traction of its newly launched 4G LTE network capable products. During the last four quarters, Novatel suffered mainly due to lower sales of its 3G access products and ongoing customer transition to next-generation (4G) … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


GBP/USD Testing The 1.6050-1.6090 Resistance Zone

Posted: 29 Jun 2011 09:00 AM PDT

GBP/USD in a Double Bottom Attempt (6/24)
GBP/USD

- The GBP/USD is attempting to build strength from a bottom after breaking above the 1.6050 resistance.
- However, there is resistance just ahead, with the 200SMA, and pivot zone in 1.6090-1.61 area.
- This is a critical cluster of resistance including the channel resistance seen in the 4H chart.
- The market has pushed the 1H RSI above 60, so the bearish momentum has dissipated. A break above 70 suggests building of bullish momentum.
- Also … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex Trading: GBPUSD Trades Between The “Goal Posts” As Defined By The 100 And 200 Hour MA

Posted: 29 Jun 2011 08:43 AM PDT

The GBPUSD is trading between the 100 and 200 hour MA today (I call that trading between the "Goal Post") and is testing the 200 hour MA at the 1.6071 level after testing the 100 hour MA at the 1.5983 just a few hours ago. When the price is confined by the two moving averages, I look for a break to lead to further momentum in the direction of the break. If the price can not get through a level, look for the price to move to the other extreme as the market struggles with … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Risk Appetite Returns To Currency Markets With US Equities And Oil Higher

Posted: 29 Jun 2011 08:39 AM PDT

The US S&P500 had a whippy reaction to the start of today's trading, but has regained its bearings, reclaiming its intra-day highs. Futures had been higher heading into the Greek vote, then sold off at around the open to yesterday's closing levels, before rebounding again in late morning trading. European equities rallied for the biggest gain in 3 months.
A positive report from the US housing sector helped US equities as pending home sales rose more than expected.
From Bloomberg: … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Itron & Tropos’ Smart Grid Chosen

Posted: 29 Jun 2011 08:35 AM PDT

Itron Inc. (NASDAQ:ITRI) and Tropos Networks' jointly developed Smart Grid solution has been chosen by Avista Corp. (NYSE:AVA) as part of its $38 million Smart Grid Demonstration Project in the city of Pullman, Washington, and in a nearby locality of Albion.
The sole objective of using automated smart technologies is to simplify the energy distribution system and increase the accountability, reliability and efficiency of the system. Besides, the system will also reduce the outage time, incorporate … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Itron & Tropos’ Smart Grid Chosen

Posted: 29 Jun 2011 08:35 AM PDT

Itron Inc. (NASDAQ:ITRI) and Tropos Networks' jointly developed Smart Grid solution has been chosen by Avista Corp. (NYSE:AVA) as part of its $38 million Smart Grid Demonstration Project in the city of Pullman, Washington, and in a nearby locality of Albion.
The sole objective of using automated smart technologies is to simplify the energy distribution system and increase the accountability, reliability and efficiency of the system. Besides, the system will also reduce the outage time, incorporate … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Cintas Retains ‘Neutral’

Posted: 29 Jun 2011 08:35 AM PDT

Cintas Corporation (NASDAQ:CTAS), providing specialized services to businesses of all types throughout North America retains a ‘Neutral’ rating. The company designs, manufactures, implements corporate identity uniform programs, and provides entrance mats, restroom supplies, promotional products and first aid and safety products for approximately 800,000 businesses. Cintas operates under two operating segments, Rental Uniforms and Ancillary Products and Other Services.
Cintas in its last reported … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Lockheed Aids Army’s Threat Detection

Posted: 29 Jun 2011 08:35 AM PDT

Lockheed Martin Corporation (NYSE:LMT) has received a contract from the U.S. Army to assist the efforts of the coalition forces in Afghanistan by producing 29 additional Persistent Threat Detection Systems ('PTDS'). The contract is valued at $184.3 million.
PDTS is a helium filled aerostat, which is a highly effective, cost efficient surveillance and communication system for the Army as it supports force-protection and counter-IED (improvised explosive devices) missions. The U.S. Army has … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Qiagen Added In Russell 1000, 3000

Posted: 29 Jun 2011 08:20 AM PDT

Recently, Qiagen (NASDAQ:QGEN) announced that it has been included in the Russell 1000 and the Russell 3000 Indices. The Russell 1000 Index measures the performance of the large-cap segment of the U.S. equity universe and includes approximately 1,000 of the largest securities based on a combination of their market cap and current index. On the other hand, the Russell 3000 index evaluates the performance of the 3,000 largest U.S. companies by market capitalization. The constituents of the indices … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


IBM Partners CBE

Posted: 29 Jun 2011 08:20 AM PDT

Information Technology (IT) major, International Business Machines Corp. (IBM) recently signed a deal with the Commercial Bank of Ethiopia (CBE).
Under the terms of the agreement, IBM will help CBE to employ new mobile and Internet banking programs by developing a platform to deliver electronic banking services, as CBE aims to expand its business. The deal is worth approximately $3.0 million and the platform is expected to be operational by August this year.
CBE, which is the largest lender of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Benihana Sales Remain Strong

Posted: 29 Jun 2011 08:20 AM PDT

Benihana Inc (NASDAQ:BNHN), the leading operator of Japanese restaurants in the U.S, posted restaurant sales of $26.9 million for the four-week period ending June 19, 2011, up 6.0% from $25.3 million in the year-ago period. 
The upside in sales was driven by improved comparable restaurant sales at both Benihana Teppanyaki and RA Sushi restaurants. For the four-week periods ending April 24 and May 22, restaurant sales were up 5.8% and 4.5%, respectively. 
The company's comparable … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Symantec Expands Its Horizon

Posted: 29 Jun 2011 08:20 AM PDT

Security, storage and systems management solutions provider, Symantec Corporation (NASDAQ:SYMC) is currently expanding its operations to serve companies in the virtualization and cloud computing market. Moreover, the company has recently come out with a report analyzing the security gaps in Apple’s (NASDAQ:AAPL) iOS and Google’s (NASDAQ:GOOG) Android Platform.
To expand in the virtualization market, the company recently launched the latest version of Symantec ApplicationHA. This solution is specially designed … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Word From The Floor: US Stocks Mixed, Greece Approves Austerity

Posted: 29 Jun 2011 08:00 AM PDT

06/29/11 The major stock averages started on a mixed note, shortly after the Greek austerity vote was … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Crude Oil Climbs To 1-week High After U.S. EIA Inventory Data

Posted: 29 Jun 2011 07:47 AM PDT

Forex Pros – pros &ndash; Crude oil futures extended gains on Wednesday, climbing to a one-week high after a government report showed that U.S. crude oil inventories fell significantly more-than-expected last week, easing concerns over a slowdown in demand from the world&rsquo;s largest consumer. <br /><br />On the New York Mercantile Exchange, light sweet crude futures for delivery in August traded at USD94.53 a barrel during U.S. morning trade, jumping 1.85%.&nbsp; … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – Dollar Broadly Lower As Greece Approves Austerity Plan

Posted: 29 Jun 2011 07:43 AM PDT

Forex Pros – pros &ndash; The U.S. dollar was down against most of its major counterparts on Wednesday, after Greece’s parliament approved a five-year austerity plan designed to avert the euro zone&rsquo;s first sovereign debt default.<br /><br />During early U.S. trade, the greenback was slightly lower against the euro, with EUR/USD easing up 0.05% to hit 1.4376.<br /><br />Greece&rsquo;s parliament voted 155 to 138, with five members abstaining, in favor … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex Trading: EURUSD Moves Back Toward Unchanged As Situation In Greece Remains Fluid

Posted: 29 Jun 2011 07:41 AM PDT

With the Greek austerity plan voted on, the next focus will be the rubber stamping of the implimentation (tomorrow) and the EU/IMF funding on Sunday. There is little reason to expect any other outcome. The bond restructuring plan is another can of worms, however, with French Plans coming under more criticism of late. Let's face it, the situation in Greece is complex with tentacles that extend out. As a result of the uncertainty, one would expect that the EURUSD would come under pressure. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


S&P 500 – Cover Your Ears

Posted: 29 Jun 2011 07:37 AM PDT

Click on the chart to ENLARGE

I was taking a walk in the forest this morning, enjoying the pleasant tweeting of birds and musing at the occasional squirrel that would flitter by, when my eyes caught a glimpse of men, far off in the distance, wearing red flannel shirts and heavy blue overalls. The more I strained to see them I began to hear the faint sound of a chain saw……and saw some gray smoke kinda floating in the air beside them. Hummm…. I guess they are loggers – earning a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Natural Gas Futures Decline As Weather Forecasts Moderate

Posted: 29 Jun 2011 07:34 AM PDT

Forex Pros – pros &ndash; Natural gas futures down for the first time in four days on Wednesday, pulling back from a one-week high on forecasts of moderating temperatures that would reduce demand for the fuel.<br /><br />On the New York Mercantile Exchange, natural gas futures for August delivery traded at USD4.311 per million British thermal units during U.S. morning trade, slumping 1.2%. <br /><br />It earlier fell as much as 1.8% to trade at a daily low of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – GBP/USD Trims Gains In Aftermath Of Greek Austerity Vote

Posted: 29 Jun 2011 07:32 AM PDT

Forex Pros – pros &ndash; The pound trimmed gains against the U.S. dollar in volatile trade on Wednesday, pulling back from the daily high after the Greek parliament approved an austerity plan designed to avert a sovereign debt default.<br /><br />GBP/USD pulled away from 1.6057, the daily high, to hit 1.6014 during early U.S. trade, still up 0.09% on the day.<br /><br />Cable was likely to find support at 1.5910, Tuesday&rsquo;s low and a five-month low and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/USD Erases Gains After Greek Austerity Vote

Posted: 29 Jun 2011 07:18 AM PDT

Forex Pros – pros &ndash; The euro erased gains against the U.S. dollar on Wednesday, pulling back from a two-week high after Greece&rsquo;s parliament passed a vote on a EUR28 billion austerity plan demanded by international lenders.<br /><br />EUR/USD pulled back from 1.4447, the pair&rsquo;s highest since June 15, to hit 1.4348 during early U.S. trade, slipping 0.15%.<br /><br />The pair was likely to find support at 1.4236, Tuesday&rsquo;s low and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Morning Market Brief

Posted: 29 Jun 2011 01:15 AM PDT

06/29/11 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


Simon Tucker Rides A Wave At Software Radio Technology

Posted: 29 Jun 2011 01:24 AM PDT

Striding down a London street towards his next meeting with institutional investors, Simon Tucker regales a time when, as a newly-quoted AIM company, the strategy behind Software Radio Technology (LON:SRT) was literally laughed out of the board room. "For the first three years a lot of people thought it was a waste of time, a complete joke," he says. The problem was that the Bath-based radio communications company was embarking on developing a low-cost product for a market need that no-one … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


New World Oil And Gas Raises New Cash To Fund Project Acquisitions

Posted: 29 Jun 2011 01:09 AM PDT

Oil and gas investing company New World Oil and Gas (LON: NEW) has raised £3.0 million in a share placing priced at 6p per share. The move comes just seven weeks after New World floated on the Alternative Investment Market, when it raised £3.8 million at 5p per share. Since then it has completed a farm-out agreement to acquire up to a 100% participating interest a production sharing agreement over the Blue Creek Project in the Petén Basin in Belize. A programme of 2D seismic acquisition will … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


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