DailyMarkets.com - Apache Maintains Neutral Rec
DailyMarkets.com - Apache Maintains Neutral Rec |
- Apache Maintains Neutral Rec
- CMS Pushes For Green Energy
- Hot Option Plays: Reading The Market
- Forex – AUD/USD Down In U.S. Trade
- Hologic Stays Neutral
- MedCath Selling Arizona Facility
- Forex Trading: EURUSD Moves To New Session Lows. Greek Concerns Weigh.
- Forex – USD/JPY Down During The U.S. Session
- Eni Talks With Libya, To Resume Ops
- BP Starts Production At Serrette
- General Dynamics Gets Army Contract
- Dollar Rebounds On Improved Factory Orders Report
- “Today Is A Head-scratching Day”
- Chart Of The Day: Home Prices USA Vs. Canada
- Hibbett Sports Stay At Outperform
- Standard Motor To Repurchase Shares
- Risk Reward Balances Alkermes
- European Markets Close Higher; Dax Up 2.50%
- Oil Prices Flat On Equity Rise, Inventory Rise
- Joy Global Beats EPS, Ups Guidance
- Neutral On Harmony Gold
- Updated Stock Scan On Most Overextended From 200d SMA
- ADP Sees 91K Job Gains In August
- Earnings Preview: Ciena Corp.
- Hope Springs Eternal
- Brown-Forman Misses Estimate
- More Spills, More Trouble For Conoco
- Neutral On Patriot Coal
- Forex Trading: GBPUSD Makes New Low, But Quickly Bounces
- Positive Developments At Zynex
- News Corp. Pressed With Allegations
- Neutral On Dendreon
- FWLT Reiterates To Neutral
- Forex Trading: USDCHF Volatile Flows Continue As Month End Approaches
- Forex – Dollar Broadly Lower After Flurry Of Mixed U.S. Data
- Hopes Springs Eternal
- Hopes Springs Eternal
- Forex Trading: EURUSD Moves Back Toward Break Level At 1.4426
- AmSurg Lowers NSC Offer Price
- Forex – GBP/USD Erases Gains After Flurry Of U.S. Economic Data
- Global Equities Rise Despite Weak Global Economic Data & Angela Merkel Approves Eurozone Bailout Expansion
- Crude Oil Retreats From 4-week High After Mixed U.S. Supply Data
- A Whippy USD/CAD Retraces Sharply After Cracking 0.9740 Support
- Forex Trading: USDCHF Bumps Against Resistance Now
- Forex – EUR/USD Extends Losses After U.S. Factory Orders Rebound
- Natural Gas Rallies Over 2% As Traders Monitor Storm Activity
- Another Company Moves Production Back To U.S.
- America’s Pro-Freedom Resistance Movement? Taking Back The Streets With Lemonade Day
- Wall Street Advances, Dow Positive For 2011
| Posted: 31 Aug 2011 11:30 AM PDT We are maintaining our long-term Neutral recommendation on Apache Corporation (NYSE:APA) based on its balanced exposure to natural gas and crude oil, coupled with multi-year growth trends in reserve replacement and production.
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| Posted: 31 Aug 2011 11:30 AM PDT Consumers Energy, the major subsidiary of CMS Energy Corporation (NYSE:CMS) in line with its focus to boost green energy has begun accepting applications from business customers interested in developing their own renewable energy sources. Applications will be due on or before September 28, 2011.
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| Hot Option Plays: Reading The Market Posted: 31 Aug 2011 11:18 AM PDT Cusick’s Corner
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| Forex – AUD/USD Down In U.S. Trade Posted: 31 Aug 2011 11:15 AM PDT Forexpros – The Australian Dollar was lower against the U.S. Dollar on Wednesday after the release of U.S. data on ADP Nonfarm Employment Change. AUD/USD was trading at 1.0678, down 0.05% at time of writing. The pair was likely to find support at 1.0463, Friday's low, and resistance at 1.0720, today's high. Earlier in the day, official data showed that non-farm employment change in the U.S. rose less-than-expected to a seasonally adjusted 91K last month, from 109K in the preceding … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 31 Aug 2011 11:05 AM PDT Recently, we reiterated our Neutral recommendation on Hologic (NASDAQ:HOLX) with a target price of $16.00.
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| MedCath Selling Arizona Facility Posted: 31 Aug 2011 11:05 AM PDT Heath care services provider MedCath Corporation (NASDAQ:MDTH) has inked a definitive deal to jettison substantially all the assets of its Kingman, Arizona-based Hualapai Mountain Medical Center ("HMMC") to Kingman Regional Medical Center ("KRMC"). The sale also includes 18.6 acres of adjacent undeveloped land.
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| Forex Trading: EURUSD Moves To New Session Lows. Greek Concerns Weigh. Posted: 31 Aug 2011 10:48 AM PDT Comments from EU Barroso saying that working on a new Greek program seems to be helping to pressure the pair. He adds that Greece must implement their reforms. There seems to be increased concerns about the implications of the Greece situation. Earlier today, there was a report on how Greek auditors were skeptical about debt dynamics (CLICK HERE).
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| Forex – USD/JPY Down During The U.S. Session Posted: 31 Aug 2011 10:45 AM PDT Forexpros – The U.S. Dollar was lower against the Japanese Yen on Wednesday after the release of U.S. data on ADP Nonfarm Employment Change. USD/JPY was trading at 76.50, down 0.31% at time of writing. The pair was likely to find support at 76.43, today's low, and resistance at 77.46, Friday's high. Earlier in the day, official data showed that non-farm employment change in the U.S. rose less-than-expected to a seasonally adjusted 91K last month, from 109K in the preceding month whose … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Eni Talks With Libya, To Resume Ops Posted: 31 Aug 2011 10:40 AM PDT Italian energy giant, Eni SpA (NYSE:E) has signed a memorandum with the Libyan National Transitional Council ("NTC") aiming to resume its hydrocarbon operations as well as to strengthen cooperation in the country.
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| BP Starts Production At Serrette Posted: 31 Aug 2011 10:35 AM PDT BP Trinidad and Tobago (bpTT), a member of BP plc (NYSE:BP), commenced the production of natural gas from its 100% owned Serrette field, offshore Trinidad.
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| General Dynamics Gets Army Contract Posted: 31 Aug 2011 10:35 AM PDT General Dynamics C4 Systems Inc., a business unit of General Dynamics Corporation (NYSE:GD) won the Command Hardware Systems-4 contract. The fixed-price U.S. Army contract is worth $3.7 billion spread over a period of five years. Per the contract, General Dynamics would provide technology services, system integration, product-testing services, end user support and program management.
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| Dollar Rebounds On Improved Factory Orders Report Posted: 31 Aug 2011 05:30 AM PDT 08/31/11 A surprising rise in factory orders for July sparked a dollar rebound this afternoon against its higher-yielding … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| “Today Is A Head-scratching Day” Posted: 31 Aug 2011 10:30 AM PDT 08/31/11 Sunrise Securities’ Ben Willis discusses today’s trading session and expectations for the upcoming … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Chart Of The Day: Home Prices USA Vs. Canada Posted: 31 Aug 2011 10:26 AM PDT From today’s report on Canadian home prices for June: “Canadian home prices in June were up 1.7% from the previous month, according to the Teranet–National Bank National Composite House Price Index. This rise took the index to a new high of 144.27 (June 2005 = 100). It was the third consecutive monthly increase exceeding 1% and the largest rise since August 2009. It was also the seventh consecutive monthly increase, coming after three straight monthly declines. As in April and May, prices … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Hibbett Sports Stay At Outperform Posted: 31 Aug 2011 10:05 AM PDT We are maintaining a long-term ‘Outperform’ recommendation on Hibbett Sports Inc. (NASDAQ:HIBB) with a target price of $39.00 per share.
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| Standard Motor To Repurchase Shares Posted: 31 Aug 2011 10:05 AM PDT Standard Motor Products, Inc. (NYSE:SMP) announced that its Board of Directors recently authorized the purchase of up to $5 million of its common stock under a stock repurchase program.
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| Posted: 31 Aug 2011 10:05 AM PDT We are maintaining our Neutral recommendation on Alkermes, Inc. (NASDAQ:ALKS). Alkermes is a drug delivery biotech company which uses its proprietary specialized drug delivery technologies to develop drugs for the treatment of central nervous system (CNS) disorders, alcoholism and diabetes.
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| European Markets Close Higher; Dax Up 2.50% Posted: 31 Aug 2011 10:05 AM PDT Forexpros – European stocks were up after the closing bell on Wednesday. At the close of European trade, Germany's DAX rose 2.50%, London's FTSE 100 gained 2.39%, France's CAC 40 climbed 3.07% and the EURO STOXX 50 was up 2.81%. Earlier in the day, official data showed that non-farm employment change in the U.S. rose less-than-expected to a seasonally adjusted 91K last month, from 109K in the preceding month whose figure was revised down from 114K. Analysts had expected U.S. non-farm … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Oil Prices Flat On Equity Rise, Inventory Rise Posted: 31 Aug 2011 04:45 AM PDT 08/31/11 Front month crude prices were trading mostly flat this afternoon following a surprise rise in inventory figures for last week while global equities remained in positive … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Joy Global Beats EPS, Ups Guidance Posted: 31 Aug 2011 09:35 AM PDT Joy Global Incorporation (NASDAQ:JOYG) reported adjusted earnings of $1.54 per share in the third quarter of fiscal 2011 ending July 29, compared with $1.11 per share in the year-ago quarter. The results of the company also surpassed the Zacks Consensus Estimate of $1.50 per share. Adjusted earnings increased 49% year over year to $163.5 million in the quarter under … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 31 Aug 2011 09:35 AM PDT We are maintaining our Neutral recommendation on Harmony Gold Mining Company Ltd., (NYSE:HMY), which recorded a net loss of $0.01 per share in the fourth quarter of 2011 versus a profit of $0.08 last quarter.
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| Updated Stock Scan On Most Overextended From 200d SMA Posted: 31 Aug 2011 09:16 AM PDT With the recent sharp downturn in the stock market, we have a new list of most "over-extended" and "under-extended" stocks from their 200 day Simple Moving Average. To recap briefly, the purpose of this scan is to identify potential trading opportunities depending on your individual style of trading.
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| ADP Sees 91K Job Gains In August Posted: 31 Aug 2011 09:10 AM PDT The Automatic Data Processing (NYSE:ADP) employment survey was slightly weaker than expected in August. It shows that private sector employment rose by 91,000, below consensus expectations for a 100,000 increase. The July numbers were also revised down slightly to a gain of 109,000 jobs from the initial report of a 114,000 gain. On average, the ADP report does a fairly good job of predicting the private sector totals that the BLS will report on Friday, although in any given month it can be off … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 31 Aug 2011 09:10 AM PDT Ciena Corp. (NASDAQ:CIEN) is scheduled to release its third quarter 2011 results before the opening bell on September 1, 2011. We do not see any major variation in analysts' estimates in the run-up to the earnings release.
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| Posted: 31 Aug 2011 09:09 AM PDT Government bond trading was buffeted by opposing forces midweek. The recent dashing of expectations evident in most economic reports during the last month has hardly healed. Pressure on yields remains to the downside but the growing hopes for a further reappraisal of the Fed's balance sheet is boosting expectations that the recent spate of weaker data will soon be countered by remedial action of some sort. Global short ends are already low and curves have flattened about as far as they can … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 31 Aug 2011 09:05 AM PDT Brown-Forman Corp.(BF.B) recorded fiscal 2012 first-quarter earnings of 81 cents a share compared with 76 cents a share in the year-ago quarter. However, earnings missed the Zacks Consensus Estimate of 83 cents a share. The robust increase in quarterly earnings was primarily driven by strong top-line growth and strong volume growth.
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| More Spills, More Trouble For Conoco Posted: 31 Aug 2011 09:05 AM PDT U.S. oil giant ConocoPhillips (NYSE:COP), already in the grip of growing public condemnation and law suits for its earlier oil spills off China's northern coast near Platform C of the 19-3 Oilfield in the Bohai Bay, has admitted to about seven new leaks to State Oceanic Administration (SOA).
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| Posted: 31 Aug 2011 09:05 AM PDT Despite impressive second quarter 2011 results for Patriot Coal Corporation (NYSE:PCX), expectations of higher costs at the company's mining operations keep us on the sidelines. We maintain our Neutral recommendation on Patriot.
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| Forex Trading: GBPUSD Makes New Low, But Quickly Bounces Posted: 31 Aug 2011 08:52 AM PDT The GBPUSD has fallen and is making new lows for the week below the 1.6253 level. The fall in the last few hours was helped by the holding of the 100 hour MA (blue line in the chart above) and 38.2% retracement (see PRIOR POST). The low has to extended 1.6249. The price has moved back above the 1.6253 level and this should be a red flag for traders. The quick failure may be a signal the downside is limited. A move below the 1.6253 is needed still to keep the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Positive Developments At Zynex Posted: 31 Aug 2011 08:35 AM PDT Brian Marckx, CFA Zynex Inc. (ZYXI) has announced several positive developments over the last week which should work towards addressing certain issues that the company has faced. Last Thursday Zynex announced that they signed a letter of intent to acquire NeuroDyne Medical Corp, a privately-held Cambridge, MA based manufacturer of medical devices for electromyography (sEMD) and autonomic nervous system monitoring. NeuroDyne’s suite of products appear to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| News Corp. Pressed With Allegations Posted: 31 Aug 2011 08:35 AM PDT On account of the recent phone hacking scandal, New York State’s comptroller discarded a $27 million contract involving the New York State Education Department and News Corporation’s (NWSA) education arm, Wireless Generation, The Wall Street Journal reported.
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| Posted: 31 Aug 2011 08:35 AM PDT We have maintained a Neutral rating on Dendreon Corporation (NASDAQ:DNDN) with a target price of $13 per share after appraisal of the second quarter 2011 results.
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| Posted: 31 Aug 2011 08:35 AM PDT We recently maintained a Neutral recommendation on Zug Switzerland-based Foster Wheeler AG (NASDAQ:FWLT).
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| Forex Trading: USDCHF Volatile Flows Continue As Month End Approaches Posted: 31 Aug 2011 08:33 AM PDT THe USDCHF is back down and looking to test the 0.7992 to 0.8000 support once again (SEE PRIOR POST).
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| Forex – Dollar Broadly Lower After Flurry Of Mixed U.S. Data Posted: 31 Aug 2011 08:20 AM PDT Forexpros – The U.S. dollar remained broadly lower against its major counterparts on Wednesday, as investors digested the impact of a flurry of mixed U.S. data on expectations for further economic stimulus by the U.S. Federal Reserve. During U.S. morning trade, the greenback edged higher against the euro, with EUR/USD slipping 0.10% to hit 1.4427. In the euro zone, Germany's cabinet approved a draft for legislation to grant new powers to the region's bailout fund earlier Wednesday, but … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 31 Aug 2011 08:16 AM PDT Government bond trading was buffeted by opposing forces midweek. The recent dashing of expectations evident in most economic reports during the last month has hardly healed. Pressure on yields remains to the downside but the growing hopes for a further reappraisal of the Fed's balance sheet is boosting expectations that the recent spate of weaker data will soon be countered by remedial action of some sort. Global short ends are already low and curves have flattened about as far as they can … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 31 Aug 2011 08:13 AM PDT Government bond trading was buffeted by opposing forces midweek. The recent dashing of expectations evident in most economic reports during the last month has hardly healed. Pressure on yields remains to the downside but the growing hopes for a further reappraisal of the Fed's balance sheet is boosting expectations that the recent spate of weaker data will soon be countered by remedial action of some sort. Global short ends are already low and curves have flattened about as far as they can … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex Trading: EURUSD Moves Back Toward Break Level At 1.4426 Posted: 31 Aug 2011 08:09 AM PDT The EURUSD broke below the 200 hour MA at the 1.4426 level earlier and the fall sent the pair to days lows at the 1.4394 level. Now the price has moved back higher and is testing the break level. The bias to the market is more neutral on the sharp move higher. However, sellers against this level may give sellers the intraday advantage. Action at this level will be telling for the rest of the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 31 Aug 2011 08:05 AM PDT The leading operator of practice-based ambulatory surgery centers (ASCs), AmSurg Corporation (NASDAQ:AMSG) recently revised its bid offer for acquiring Dallas-based ASC operator, National Surgical Care (NSC). As per the updated terms of the deal, Amsurg lowered the offer price to $135 million in cash from the original offer price of $173.5 million, as announced in April 2011.
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| Forex – GBP/USD Erases Gains After Flurry Of U.S. Economic Data Posted: 31 Aug 2011 08:01 AM PDT Forexpros – The pound erased gains against the U.S. dollar on Wednesday, pulling back from the daily high after official data showed that U.S. factory orders rebounded in July, boosting demand for the greenback. GBP/USD pulled back from 1.6334, the daily high to hit 1.6278 during U.S. morning trade, slipping 0.12%. Cable was likely to find support at 1.6211, the low of August 26 and a two-week low and resistance at 1.6422, Tuesday's high. The Commerce Department said orders for … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 31 Aug 2011 08:00 AM PDT 08/31/11 The latest in news, commentary, and information on what’s moving the US equities markets just prior to the NYSE opening bell includng: a jump in global equities & Angela Merkel approving the eurozone bailout … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Crude Oil Retreats From 4-week High After Mixed U.S. Supply Data Posted: 31 Aug 2011 07:55 AM PDT Forexpros – Crude oil futures fluctuated between small gains and losses on Wednesday, retreating from a four-week high after a government report showed that U.S. crude supplies rose more-than-expected last week, while gasoline inventories fell significantly. On the New York Mercantile Exchange, light sweet crude futures for delivery in October traded at USD88.80 a barrel during U.S. morning trade, easing down 0.05%. It earlier rose as much as 0.7% to trade at USD89.44 a barrel, the highest … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| A Whippy USD/CAD Retraces Sharply After Cracking 0.9740 Support Posted: 31 Aug 2011 07:54 AM PDT Previous: USD/CAD Sees Sharp Reaction at the 0.9740 Support (8/29) Since the rally from USD/CAD, the 1H chart shows an ABC correction where A=C.
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| Forex Trading: USDCHF Bumps Against Resistance Now Posted: 31 Aug 2011 07:50 AM PDT The USDCHF found support against the 200 hour MA earlier (SEE PRIOR POST) and has now found resistance against the 100 hour MA. That level comes in at the 0.8086 area. The 38.2% of the move down from yesterday's high comes in at the 0.8083. Traders should now use these technical resistance levels to take profit/sell. A move above the level should trigger additional … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex – EUR/USD Extends Losses After U.S. Factory Orders Rebound Posted: 31 Aug 2011 07:44 AM PDT Forexpros – The euro extended losses against the U.S. dollar on Wednesday, falling to a fresh daily low after official data showed that U.S. factory orders rebounded in July. EUR/USD hit 1.4398 during U.S. morning trade, the daily low; the pair subsequently consolidated at 1.4407, shedding 0.23%. The pair was likely to find support at 1.4330, the low of August 26 and resistance at 1.4532, Tuesday's high. The Commerce Department said orders for manufactured goods increased 2.4% after … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Natural Gas Rallies Over 2% As Traders Monitor Storm Activity Posted: 31 Aug 2011 07:32 AM PDT Forexpros – Natural gas futures were up sharply on Wednesday, rallying to a six-day high as mounting fears over a disruption to U.S. supplies in the Gulf of Mexico boosted prices. On the New York Mercantile Exchange, natural gas futures for October delivery traded at USD3.996 per million British thermal units during U.S. morning trade, surging 2.04%. It earlier rose as much as 2.3% to trade at USD4.011 per million British thermal units, the highest price since August 23. The U.S. National … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Another Company Moves Production Back To U.S. Posted: 31 Aug 2011 07:22 AM PDT Back to the USA: Manufacturing Makes a Comeback On Bloomberg TV, CEO Lonnie Kane of U.S.-based women’s clothing company Karen Kane talks about the company’s decision to reduce the amount of clothing it produces in China from 50% to 20%, and increase its U.S. manufacturing from 50% to 80%. Reason? Labor and inputs prices are rising rapidly and erratically in China, making production costs there too unpredictable compared to producing domestically, where costs are much more controlled and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| America’s Pro-Freedom Resistance Movement? Taking Back The Streets With Lemonade Day Posted: 31 Aug 2011 06:29 AM PDT America’s “Lemonade Spring”? From the website of the organization “Lemonade Day”: “Entrepreneurship is the past, present and undoubtedly the future of our nation, for the rich and the poor alike. And no organization supports this concept more than Lemonade Day. For this reason, we wish to partner with every city in America on Lemonade Day. Together we can provide the opportunity for every child in America to build their own "American Dream" through Lemonade Day. The time is now to come … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Wall Street Advances, Dow Positive For 2011 Posted: 30 Aug 2011 09:00 PM PDT 08/31/11 US stocks started higher, with the major equity averages up by over 1%. Jobs data from the ADP and Challenger, Gray & Christmas were digested, while Fed stimulus hopes lifted … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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