DailyMarkets.com - Sanofi’s Multaq Under EU Review |
- Sanofi’s Multaq Under EU Review
- Genuine Parts Beats Estimates
- BioMarin Starts Study On BMN673
- NJ Infrastructure Draws PSE&G’s Focus
- First Horizon Tops EPS, Rev Falls
- BHP Snaps Up Petrohawk For $12.1B
- Nexen Beats, Lowers Volume Target
- CONSOL Draws Up New Outlook 2011
- Exxon Reaffirmed At Neutral
- Genworth Financial Downgraded
- BIOLASE Posts Prelim 2Q Sales
- Entergy Buys Plants, Ups Generation
- DTE Energy Gets Federal Grant
- Hyatt To Buy 24 LodgeWorks Hotels
- Air Force Contract For Northrop
- WPP Group Invests In JMI
- ICE Buys 12.4% In Cetip
- Chevron Contracts CBI For Gorgon
- Rent-A-Center Refinances Debts
- Two Harbors Makes Public Offering
- Gaming Industry Declines Again
- Fire Forces Evacuation At Goldcorp
- RBC Raises Debt To Fund Acquisition
- Hot Stock Picks For Next Week
- Hot Option Plays: Buon Weekend!
- Monetary Policy Week In Review – 16 July 2011
- The Myth Of Diversification
- Forex – EUR/USD Up At The End Of U.S. Session
- Forex – GBP/USD Down At The End Of U.S. Session
- Closing Bell Market Monitor: GOOG, HK, CLX
- Forex – USD/JPY Down At The End Of U.S. Session
- Forex – USD/JPY Down Toward The End Of U.S. Session
- Forex – EUR/USD Up Toward The End Of U.S. Session
- U.S. Markets Close Higher; Dow Jones Up 0.34%
- EA Issues Senior Notes
- Earnings Preview: Gannett
- Shell Strengthens Iraq Tie
- Triumph Upgraded To Outperform
- U.S. Dollar Downtrend Intact, As Precious Metals And Miners Breakout
- EA Issues Senior Notes
- Forex – GBP/USD Down During The U.S. Session
- Sempra Adds To Green Portfolio
- Walgreen Stays Neutral
- Earnings Preview: W.W. Grainger
- ConocoPhillips Splitting Up
- Earnings Preview: Delta Air Lines
- Hot Option Plays: TGIF
- Forex – USD/CAD Down In U.S. Trade
- Fresenius’ New Dialysis Offering
- Ross’ June Sales Up
- Wolverine Eyes Growth
- Forex – EUR/USD Down In U.S. Trading Hours
- Euro Slightly Higher Post-stress Test Results
- Options Combo-play Sees Multi-year Highs Ahead For Electronic Arts
- Crude Rises On Fed Statements, Weaker Dollar
- Should You Bank On Turkey’s Growth?
| Sanofi’s Multaq Under EU Review Posted: 15 Jul 2011 04:25 PM PDT The European Medicines Agency (EMA) recently announced that it is expanding the currently ongoing benefit-risk assessment of Sanofi-Aventis' (NYSE:SNY) anti-arrhythmic medicine Multaq. The agency said that it intends to review the cardiovascular risk of Multaq.
|
| Posted: 15 Jul 2011 04:05 PM PDT Genuine Parts Company (NYSE:GPC) reported a 22% rise in profit to $151.8 million in the second quarter of 2011 from $124.5 million in the year-ago quarter. Earnings per share (EPS) in the reported quarter was 96 cents, up 23% from 78 cents per share delivered in the comparable quarter last year. Quarterly EPS also surpassed the Zacks Consensus Estimate by 7 cents.
|
| BioMarin Starts Study On BMN673 Posted: 15 Jul 2011 04:05 PM PDT BioMarin Pharmaceutical, Inc. (NASDAQ:BMRN) recently announced that it has begun an early stage trial of its pipeline candidate BMN 673 (PARP Inhibitor) for the treatment of patients suffering from advanced hematological malignancies whose commonest forms are various types of leukemia, lymphoma and myelodysplastic syndrome.
|
| NJ Infrastructure Draws PSE&G’s Focus Posted: 15 Jul 2011 04:05 PM PDT Public Service Enterprise Group Inc. (NYSE:PEG) also known as PSE&G received approval from the New Jersey Board of Public Utilities ("BPU") to invest in both expanding and upgrading its electric and gas infrastructure, and programs to help it become more energy efficient. PSE&G will spend about $273 million on electric and gas projects in New Jersey. The utility will also invest an additional $95 million in its ongoing energy efficiency programs.
|
| First Horizon Tops EPS, Rev Falls Posted: 15 Jul 2011 03:35 PM PDT First Horizon National Corp.'s (NYSE:FHN) second quarter 2011 earnings of 16 cents per share came in ahead of the Zacks Consensus Estimate of 11 cents. Results also improved from the prior quarter's earnings of 15 cents and significantly exceeded from a penny per share earned a year ago.
|
| BHP Snaps Up Petrohawk For $12.1B Posted: 15 Jul 2011 03:35 PM PDT Anglo-Australian mining giant BHP Billiton Ltd (NYSE:BHP) announced the acquisition of the U.S. natural-gas company, Petrohawk Energy for a whopping $12.1 billion, providing greater access to the U.S. shale gas assets. The deal marks greater exposure for BHP in the world’s largest energy market, broadening the company's geographic and customer spread.
|
| Nexen Beats, Lowers Volume Target Posted: 15 Jul 2011 03:35 PM PDT Nexen Inc.'s (NYSE:NXY) second-quarter 2011 income from continuing operations of 47 US cents per share (45 Canadian cents) inched past the Zacks Consensus Estimate of 45 US cents and improved from 41 US cents in the year-earlier quarter.
|
| CONSOL Draws Up New Outlook 2011 Posted: 15 Jul 2011 03:35 PM PDT Coal and natural gas producer CONSOL Energy Inc. (NYSE:CNX) yesterday came up with an operational update for the quarter ending on June 30, 2011.
|
| Posted: 15 Jul 2011 03:35 PM PDT We are maintaining our Neutral recommendation for the world's largest publicly traded oil company, ExxonMobil Corporation (NYSE:XOM).
|
| Posted: 15 Jul 2011 03:35 PM PDT We are downgrading our recommendation on Genworth Financial Inc. (NYSE:GNW) to Underperform from Neutral as we expect the mortgage insurance business to remain under pressure.
|
| Posted: 15 Jul 2011 03:35 PM PDT Based on preliminary data, leading dental laser maker BIOLASE Technology (NASDAQ:BLTI) expects revenues for the second-quarter 2011 to more than double year over year to roughly $12 million.
|
| Entergy Buys Plants, Ups Generation Posted: 15 Jul 2011 03:35 PM PDT Integrated energy company Entergy Corporation (NYSE:ETR) announced that its unit Entergy Mississippi Inc. will purchase Hinds Energy Facility, a 450 megawatt (MW) natural gas turbine, from KGen Power Corporation for $206 million.
|
| Posted: 15 Jul 2011 03:35 PM PDT DTE Energy Company (NYSE:DTE) received a $5.4 million federal grant through the Clean Energy Coalition to fund the conversion of more than 170 gasoline-powered fleet vehicles to run on compressed natural gas ("CNG").
|
| Hyatt To Buy 24 LodgeWorks Hotels Posted: 15 Jul 2011 03:35 PM PDT Hyatt Hotels Corporation (H) recently announced that one of its wholly owned subsidiaries has inked a deal to purchase an asset portfolio from LodgeWorks for $802 million in cash. LodgeWorks is a private hotel development, ownership and management company, and is a private equity partner of Hyatt. The majority of these assets will be purchased by Hyatt in the third and fourth quarters of 2011 and the remaining by the first quarter of 2012.
|
| Air Force Contract For Northrop Posted: 15 Jul 2011 03:35 PM PDT Northrop Grumman Corporation (NYSE:NOC) has received a $65 million contract to provide tactical situational awareness to airlift aircrews from the U.S. Air Force.
|
| Posted: 15 Jul 2011 03:35 PM PDT Dublin, Ireland based WPP Group Plc (NASDAQ:WPPGY) recently announced that it will make a strategic investment in leading motorsport marketing agency, Just Marketing International (JMI).
|
| Posted: 15 Jul 2011 03:35 PM PDT Diversifying its product portfolio yesterday, IntercontinentalExchange Inc. (NYSE:ICE) announced its intention to acquire 12.4% stake in Cetip SA, Brazil's leading public clearing house operator, for $512 million. The deal will be culminated today.
|
| Chevron Contracts CBI For Gorgon Posted: 15 Jul 2011 03:35 PM PDT U.S. energy giant Chevron Corporation (NYSE:CVX), through its Australian subsidiary, has awarded a $2.3 billion mechanical, electrical and instrumentation work contract to Netherlands-based Chicago Bridge & Iron Company (NYSE:CBI). The contract is dedicated for the development of Chevron's Gorgon Project in Australia.
|
| Rent-A-Center Refinances Debts Posted: 15 Jul 2011 03:35 PM PDT One of the largest rent-to-own operators in the United States, Rent-A-Center Inc. (NASDAQ:RCII), in an effort to enhance the company’s financial flexibility and lower its interest expenses, has completed refinancing of its senior credit facility.
|
| Two Harbors Makes Public Offering Posted: 15 Jul 2011 03:35 PM PDT Two Harbors Investment Corp. (TWO), a real estate investment trust, recently made a public offering of 35 million shares of its common stock. In a bid to cover over-allotments. The company will also provide a 30-day option to the underwriters for purchasing an additional 5.3 million shares.
|
| Gaming Industry Declines Again Posted: 15 Jul 2011 03:35 PM PDT The videogame industry continued its negative run, as U.S retail sales declined for the second straight month. In June 2011, sales were down 10% from the comparable previous year to $1.03 billion, according to market research firm, The NPD Group.
|
| Fire Forces Evacuation At Goldcorp Posted: 15 Jul 2011 03:35 PM PDT Goldcorp Inc. (NYSE:GG) recently reported a forest fire near its Musselwhite mine, in northwest Ontario. Soon after, the company ceased operations there and evacuated as many as 380 employees.
|
| RBC Raises Debt To Fund Acquisition Posted: 15 Jul 2011 03:35 PM PDT Regal Beloit Corporation (NYSE:RBC) recently issued senior unsecured notes worth $423 million in a private placement. In addition, the company expects to issue senior unsecured notes of $77 million in the near term.
|
| Posted: 15 Jul 2011 03:21 PM PDT ( click to enlarge ) Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) is forming a cup and handle pattern on the daily chart, indicating a break higher possible. RRGB may still drift down further and that remains the risk here. At this point, the stock needs to show a sign of strength above the solid white downtrend line to give a first sign that it wants to evolve the handle of this potential cup and handle pattern. Stay tuned !!! ( click to enlarge ) The PMI Group, Inc. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
|
| Hot Option Plays: Buon Weekend! Posted: 15 Jul 2011 03:17 PM PDT Cusick’s Corner
|
| Monetary Policy Week In Review – 16 July 2011 Posted: 15 Jul 2011 02:28 PM PDT The past week in monetary policy was dominated by Asian central banks, with the central banks of Japan, Indonesia, Thailand, and South Korea all announcing interest rate decisions. The only banks to adjust interest rates were Thailand +25bps to 3.25%, and Kenya, which dropped its discount window rate -175bps to 6.25%. Meanwhile those that held interest rates unchanged were: Japan 0.10%, Indonesia 6.75%, Latvia 3.50%, South Korea 3.25%, and Chile 5.25%. Elsewhere in monetary … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
|
| Posted: 15 Jul 2011 02:17 PM PDT SmartStops recently found this article based on a study which shows some of the fallacy that diversification from modern portfolio theory , MPT, is the only way to manage risk and thus lead to higher returns. Their definition of risk for this study did use the standard deviation from mpt. Our hope is that the industry realizes that even that computational methodology is lacking the sophisticated approach that smartstops optimization engine wa … [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: 15 Jul 2011 02:10 PM PDT Forexpros – The Euro was higher against the U.S. Dollar on Friday after the release of U.S. data on NY Empire State Manufacturing Index.<br/><br/> EUR/USD was trading at 1.4155, up 0.08% at time of writing.<br/><br/> The pair was likely to find support at 1.3838, Tuesday’s low, and resistance at 1.4282, Wednesday’s high.<br/><br/> Earlier in the day, official data showed that Manufacturing activity in the State of New York fell … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
|
| Forex – GBP/USD Down At The End Of U.S. Session Posted: 15 Jul 2011 02:05 PM PDT Forexpros – The British Pound was lower against the U.S. Dollar on Friday after the release of U.S. data on Industrial Production.<br/><br/> GBP/USD was trading at 1.6136, down 0.03% at time of writing.<br/><br/> The pair was likely to find support at 1.5781, Tuesday’s low, and resistance at 1.6195, Wednesday’s high.<br/><br/> Earlier in the day, official data showed that U.S. industrial production rose less-than-expected to 0.2% last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
|
| Closing Bell Market Monitor: GOOG, HK, CLX Posted: 15 Jul 2011 02:00 PM PDT 07/15/11 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 – USD/JPY Down At The End Of U.S. Session Posted: 15 Jul 2011 02:00 PM PDT Forexpros – The U.S. Dollar was lower against the Japanese Yen on Friday after the release of U.S. data on NY Empire State Manufacturing Index.<br/><br/> USD/JPY was trading at 79.14, down 0.001% at time of writing.<br/><br/> The pair was likely to find support at 78.47, Thursday’s low, and resistance at 80.83, Monday’s high.<br/><br/> Earlier in the day, official data showed that Manufacturing activity in the State of New York fell … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
|
| Forex – USD/JPY Down Toward The End Of U.S. Session Posted: 15 Jul 2011 01:40 PM PDT Forexpros – The U.S. Dollar was lower against the Japanese Yen on Friday after the release of U.S. data on Industrial Production.<br/><br/> USD/JPY was trading at 79.11, down 0.03% at time of writing.<br/><br/> The pair was likely to find support at 78.47, Thursday’s low, and resistance at 80.83, Monday’s high.<br/><br/> Earlier in the day, official data showed that U.S. industrial production rose less-than-expected to 0.2% last month, … [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: 15 Jul 2011 01:25 PM PDT Forexpros – The Euro was higher against the U.S. Dollar on Friday after the release of U.S. data on CPI.<br/><br/> EUR/USD was trading at 1.4157, up 0.10% at time of writing.<br/><br/> The pair was likely to find support at 1.3838, Tuesday’s low, and resistance at 1.4282, Wednesday’s high.<br/><br/> Earlier in the day, official data showed that consumer price inflation in the U.S. fell more-than-expected to a seasonally adjusted -0.2% … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
|
| U.S. Markets Close Higher; Dow Jones Up 0.34% Posted: 15 Jul 2011 01:10 PM PDT Forexpros – U.S. stocks were up after the closing bell on Friday.<br/><br/> At the close of U.S. trade, the Dow Jones Industrial Average rose 0.34%, the S&P 500 index gained 0.56%, while the Nasdaq 100 index climbed 1.36%.<br/><br/> Earlier in the day, official data showed that consumer price inflation in the U.S. fell more-than-expected to a seasonally adjusted -0.2% last month, from 0.2% in the preceding month.<br/><br/> Analysts had expected CPI to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
|
| Posted: 15 Jul 2011 01:05 PM PDT Electronic Arts Inc. (NASDAQ:ERTS), popularly known as EA, announced that it is issuing Convertible Senior Notes worth $550 million in a private placement with a semi-annual rate of interest of 0.75% per year. The Senior Notes, expected to mature in 2016, will be available to qualified institutional investors in accordance with Rule 144A under the securities act of 1933.
|
| Posted: 15 Jul 2011 01:05 PM PDT Gannett Company Inc. (NYSE:GCI), the publisher of the nation’s largest-selling daily newspaper USA Today, is scheduled to report its second-quarter 2011 financial results on July 18, 2011. The current Zacks Consensus Estimate for the quarter is 57 cents a share. For the quarter under review, revenue is $1,329 million, according to the Zacks Consensus Estimate.
|
| Posted: 15 Jul 2011 01:05 PM PDT As per market sources, Anglo-Dutch behemoth Royal Dutch Shell plc (RDS.A) and Japan's Mitsubishi Corporation have joined hands to explore and develop natural gas resources of southern Iraq. In this context, the companies have formed a preliminary $12 billion deal with the government of Iraq.
|
| Triumph Upgraded To Outperform Posted: 15 Jul 2011 01:05 PM PDT We recently upgraded our recommendation on Triumph Group Inc. (NYSE:TGI) to Outperform from Neutral.
|
| U.S. Dollar Downtrend Intact, As Precious Metals And Miners Breakout Posted: 15 Jul 2011 12:57 PM PDT Recently, investors have been concerned over the possible effect of the expiration of QE2. They have been looking for a clear mission statement in order to understand how government policy can impact their investment universe. This has sent gold and silver miners to key support levels and oversold conditions not seen in more than two years. Recently, Federal Reserve Chairman Ben Bernanke brought renewed hope for precious metals and mining stock investors. The U.S. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
|
| Posted: 15 Jul 2011 12:50 PM PDT Electronic Arts Inc. (NASDAQ:ERTS), popularly known as EA, announced that it is issuing Convertible Senior Notes worth $550 million in a private placement with a semi-annual rate of interest of 0.75% per year. The Senior Notes, expected to mature in 2016, will be available to qualified institutional investors in accordance with Rule 144A under the securities act of 1933.
|
| Forex – GBP/USD Down During The U.S. Session Posted: 15 Jul 2011 12:45 PM PDT Forexpros – The British Pound was lower against the U.S. Dollar on Friday after the release of U.S. data on Industrial Production.<br/><br/> GBP/USD was trading at 1.6134, down 0.04% at time of writing.<br/><br/> The pair was likely to find support at 1.5781, Tuesday’s low, and resistance at 1.6195, Wednesday’s high.<br/><br/> Earlier in the day, official data showed that U.S. industrial production rose less-than-expected to 0.2% last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
|
| Sempra Adds To Green Portfolio Posted: 15 Jul 2011 12:40 PM PDT Southern California Gas Co., a regulated subsidiary of Sempra Energy (NYSE:SRE), has made an equity investment of $500,000 in Tecogen Inc. This is a strategic addition to the utility company’s growing clean energy portfolio. Tecogen Inc. is a developer and manufacturer of innovative, ultra-clean natural gas-driven combined heat and power products for commercial and industrial facilities.
|
| Posted: 15 Jul 2011 12:40 PM PDT Recently, we reiterated our Neutral recommendation on Walgreen (WAG) with a target price of $45.00.
|
| Earnings Preview: W.W. Grainger Posted: 15 Jul 2011 12:40 PM PDT W.W. Grainger Inc (NYSE:GWW) is slated to announce its second quarter 2011 results on July 19, 2011. The current Zacks Consensus Estimate is $2.11 for the relevant quarter, projecting a year-over-year growth of 28.04%.
|
| Posted: 15 Jul 2011 12:40 PM PDT ConocoPhillips (NYSE:COP) has surprised the market with its decision to split its operations into two. The third biggest U.S. integrated oil company plans to separate its upstream oil and gas exploration and production unit from its downstream refining division into two standalone, publicly traded corporations.
|
| Earnings Preview: Delta Air Lines Posted: 15 Jul 2011 12:40 PM PDT Delta Air Lines Inc. (NYSE:DAL), the second largest U.S. airline, is slated to release its second quarter 2011 earnings on July 18. The current Zacks Consensus Estimate for the second quarter is 49 cents, representing a 25.17% decline from the year-ago level.
|
| Posted: 15 Jul 2011 12:17 PM PDT Cusick’s Corner
|
| Forex – USD/CAD Down In U.S. Trade Posted: 15 Jul 2011 12:10 PM PDT Forexpros – The U.S. Dollar was lower against the Canadian Dollar on Friday after the release of U.S. data on NY Empire State Manufacturing Index.<br/><br/> USD/CAD was trading at 0.9559, down 0.48% at time of writing.<br/><br/> The pair was likely to find support at 0.9521, today’s low, and resistance at 0.9779, Tuesday’s high.<br/><br/> Earlier in the day, official data showed that Manufacturing activity in the State of New York fell … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
|
| Fresenius’ New Dialysis Offering Posted: 15 Jul 2011 12:00 PM PDT Fresenius Medical Care (NYSE:FMS), the largest provider of dialysis products and services on the planet, recently revealed that patients and doctors in Detroit, Michigan, now have access to the most sophisticated dialysis treatment. The Germany-based company has introduced its latest 2008T treatment platform at the Fresenius Medical Care dialysis facility in East Detroit.
|
| Posted: 15 Jul 2011 12:00 PM PDT Ross Stores Inc. (NASDAQ:ROST), the second largest off-price retailer of apparel and home accessories, reported a growth of 5% in comparable store sales for the five weeks ended July 2, 2011.
|
| Posted: 15 Jul 2011 12:00 PM PDT Wolverine World Wide Inc. (WWW) is eyeing to emerge as the world leader in premier footwear and apparel industry. The company to increase the visibility and sales of its multiple brands has appointed Nicholas T. Long to the company’s board. Nicholas Long is the Chief Executive Officer of MillerCoors, a leading beverage company.
|
| Forex – EUR/USD Down In U.S. Trading Hours Posted: 15 Jul 2011 11:45 AM PDT Forexpros – The Euro was lower against the U.S. Dollar on Friday after the release of U.S. data on Industrial Production.<br/><br/> EUR/USD was trading at 1.4141, down 0.01% at time of writing.<br/><br/> The pair was likely to find support at 1.3838, Tuesday’s low, and resistance at 1.4282, Wednesday’s high.<br/><br/> Earlier in the day, official data showed that U.S. industrial production rose less-than-expected to 0.2% last month, from … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
|
| Euro Slightly Higher Post-stress Test Results Posted: 15 Jul 2011 11:00 AM PDT 07/15/11 Just after the stress test result, the euro currency was trading slightly higher against the dollar as the week nears its … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
|
| Options Combo-play Sees Multi-year Highs Ahead For Electronic Arts Posted: 15 Jul 2011 10:57 AM PDT Options combo-play sees multi-year highs ahead for Electronic Arts
|
| Crude Rises On Fed Statements, Weaker Dollar Posted: 15 Jul 2011 05:30 AM PDT 07/15/11 Front month crude prices continued to rise today after yesterday’s Fed statements and a weaker … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
|
| Should You Bank On Turkey’s Growth? Posted: 14 Jul 2011 10:00 PM PDT While much of Europe's economy remains stuck in the mud, Turkey expanded 11 percent during the first quarter of 2011. In fact, Turkey's economic growth outpaced China's this quarter and most of the world's larger economies last year, leading The Wall Street Journal to declare the country "Eurasia's rising tiger." Despite the acclaim, many investors have yet to warm up to Turkey.
|
| You are subscribed to email updates from DailyMarkets.com To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google Inc., 20 West Kinzie, Chicago IL USA 60610 | |
No comments:
Post a Comment