Friday, August 19, 2011

DailyMarkets.com - VeriFone Buys Hypercom

DailyMarkets.com - VeriFone Buys Hypercom


VeriFone Buys Hypercom

Posted: 19 Aug 2011 11:30 AM PDT

VeriFone Systems Inc. (NYSE:PAY) recently completed the acquisition of Hypercom Corp., one of the company's competitors. In order to get the consent of acquisition from the U.S. Department of Justice (DoJ), VeriFone agreed to divest Hypercom's U.S. payment systems business to The Gores Group LLC.
Earlier, VeriFone and Hypercom had agreed to sell the U.S. payment systems business of Hypercom to Ingenico S.A. to eliminate the antitrust issues related to the acquisition of Hypercom. However, the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Fastenal’s July Sales Up 16.6%

Posted: 19 Aug 2011 11:30 AM PDT

Fastenal Co. (NASDAQ:FAST) reported net sales of $222.3 million for July 2011, up 16.6% from $190.7 million, a year ago. Average daily sales during the month amounted to $11.1 million versus $9.1 million in July 2010.
Daily sales to manufacturing customers (who represent almost 50% of revenues) improved 16.6% in July 2011 as compared with the July 2010 daily sales performance. Alongside, daily sales to non-residential construction customers increased 18.9% year over year in the month under … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Terreno Continues Acquisition Binge

Posted: 19 Aug 2011 11:30 AM PDT

Terreno Realty Corporation (TRNO), a real estate investment trust (REIT), has recently provided an update of its second quarter 2011 investment activities that primarily delves on its acqusition spree. The continuous acquisition binge is part of the long-term strategy of the company to own functional and flexible buildings in infill locations that can be modified to accommodate single and multiple tenants at discounts to replacement cost. 
Terreno Realty acquired 5 industrial properties … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Myriad Genetics Back To Neutral

Posted: 19 Aug 2011 11:30 AM PDT

Recently, we downgraded Myriad Genetics (NASDAQ:MYGN) to Neutral with a target price of $20.00.
Myriad reported an EPS of 30 cents for the fourth quarter of fiscal 2011, beating the Zacks Consensus Estimate of 28 cents, but lower than the year-ago quarter's adjusted EPS of 39 cents (after taking into account a one-time income tax benefit of $11.5 million). For fiscal 2011, the EPS came in at $1.10, surpassing the Zacks Consensus Estimate by a penny, although lower than the previous year's … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Hersha To Sell Non-Core Assets

Posted: 19 Aug 2011 11:30 AM PDT

Hersha Hospitality Trust (NYSE:HT), a hotel real estate investment trust (REIT), has recently announced its plans to sell an assortment of 18 non-core assets as part of its portfolio repositioning and capital recycling program. The company has signed a definitive agreement with an affiliate of Starwood Capital Group – a privately held global investment firm, to execute the asset sale transaction for $155 million, including the assumption of mortgage debt associated with the properties.
The asset … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


BOK Financial Reaffirmed At Neutral

Posted: 19 Aug 2011 11:30 AM PDT

We are reaffirming our Neutral recommendation on BOK Financial Corporation (NASDAQ:BOKF) following a detailed analysis of the company's second quarter 2011 earnings results and the current economic environment.
BOK Financial's second quarter earnings came in at $69.0 million or $1.00 per share, beating the Zacks Consensus Estimate by 2 cents. The results also compared favorably with the prior-quarter earnings of $64.8 million or 94 cents per share and prior-year quarter earnings of $63.5 million … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


AT&T To Offer Unlimited Texts

Posted: 19 Aug 2011 11:05 AM PDT

One of the leading wireless carriers, AT&T Inc. (NYSE:T) has planned to shelve its $10.00 text plan for 1,000 text messages. Instead, the company will introduce an unlimited text plan for $20.00 a month. Alternatively, users will be charged 20 cents a text message.
More customers are moving toward bundled services with an unlimited text plan. A recent study suggests that approximately 180 billion text messages are sent each year across the AT&T network i.e., approximately 500 million per … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Wet Seal Beats By 50%

Posted: 19 Aug 2011 11:05 AM PDT

Wet Seal Inc. (NASDAQ:WTSLA) registered decent second quarter 2011 earnings of 3 cents per share that shot up by 50.0 % from year-ago period. Earnings also exceeded the Zacks Consensus Estimate of 2 cents by 50.0%.
The upswing came on the back of success in Arden B stores' business and continued strength and balance in merchandise assortments, a clarified message of unique fashion at a value in our Wet Seal stores.
Based on the results posted in the second quarter 2011, Warnaco estimates its third … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Citi Unit Acquires CLO Business

Posted: 19 Aug 2011 11:05 AM PDT

Citi Capital Advisors, the global alternative asset management platform of Citigroup Inc. (NYSE:C), acquired the collateralized loan obligations (CLOs) business from DiMaio Ahmad Capital LLC.
Management responsibilities for the four CLOs acquired include Duane Street CLO I, Ltd., Duane Street CLO II, Ltd., Duane Street CLO III, Ltd., and Duane Street CLO IV, Ltd.  Collectively they manage $2 billion in assets.
CLOs are a form of securitization in which payments from multiple middle sized and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Earnings Preview: Hain Celestial

Posted: 19 Aug 2011 11:05 AM PDT

The Hain Celestial Group Inc. (NASDAQ:HAIN), which distributes, markets, and sells various natural and organic foods as well as personal care products, will unveil its fourth-quarter 2011 financial results on Tuesday, August 23, 2011. The current Zacks Consensus Estimate for the quarter is 33 cents a share. The Zacks Consensus estimates revenue at $270 million for the quarter.
Third-Quarter 2011, a Synopsis
Hain Celestial's third-quarter 2011 earnings of 36 cents a share beat the Zacks Consensus … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


U.S. Stocks Turn Lower In Afternoon Trade; Dow Falls 0.6%

Posted: 19 Aug 2011 11:05 AM PDT

Forexpros – <p style=”font: normal normal normal 12px/normal Helvetica; margin: 0px”><span style=”letter-spacing: 0px”>Forexpros – Wall Street shares retreated in U.S. trade Friday, as stocks wavered between mild gains and losses and the sesion spelled a rocky day for computer-maker Hewlett-Packard.</span></p> <p style=”font: normal normal normal 12px/normal Helvetica; min-height: 14px; margin: 0px”>&nbsp;</p> <p style=”font: normal normal normal … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Upside Targets For Gold And Silver

Posted: 19 Aug 2011 11:03 AM PDT

Gold (XAU/USD)

Expansion Targets Reached: Taking the rally from the Jan. low to the Apr. high, and swinging it from the May low near 1475, gold has reached the 150% fibonacci expansion projection near 1860. 1892.50-1900 is next.

The 4H chart shows a bullish market with persistent bullish momentum as the RSI reading maintained above 40, and always broke above 70 when it came up from its lows, which were near 50.
The daily chart also shows a bullish momentum, so the mode for the medium … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


H-P Plans Major Restructuring

Posted: 19 Aug 2011 10:40 AM PDT

Hewlett-Packard Co. (NYSE:HPQ) is planning an extensive restructuring, as announced by its chief executive officer (CEO) Leo Apotheker. In order to focus more on the high-growth and high-margin business, the CEO now wants to spin off or sell H-P's lower-margin PC business, wash its hands of the webOS business (still looking for a take-off) and buy out business software maker Autonomy Corp. The focus shift would help H-P evolve as a software and services company, without any reliance on the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Earnings Scorecard: WNR

Posted: 19 Aug 2011 10:40 AM PDT

Oil refiner and marketer Western Refining Inc. (NYSE:WNR) reported mixed second quarter fiscal 2011 results on August 4, reflecting higher gross margins, which were partially offset by weak refinery throughput.
Second Quarter Recap
The quarter's earnings of 94 cents per share lagged the Zacks Consensus Estimate of $1.16 due to lower refinery throughput. However, the company generated revenue of $2.6 billion, surpassing our projection by 14.4%
Western Refining'stotal refining throughput … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Bonds Flag At End Of Torrid Week

Posted: 19 Aug 2011 10:40 AM PDT

After an aggressive bout of risk aversion this week, Friday's trading was more subdued. But the scars left across the landscape remained there for all to see. Global government bond yields moved decisively lower for a second week as equity investors dug an early grave figuring that the plunge in valuations signaled a move to a lower growth trajectory rather than greater value. The loss of confidence with policymakers' response is adding to real data that has again this week created gasps … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


High And Growing Dividends

Posted: 19 Aug 2011 10:35 AM PDT

If you are an investor — not a trader or a speculator — this is a very good time to get into the market. The time to buy is when everyone else is despondently selling.

Am I saying that we have hit bottom? No. There are plenty of macro challenges out there and things could easily get worse before they get better.

On the other hand, valuations are extremely attractive. Focus on companies that have stood the test of time and can provide you with a good income while you wait for things to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


JPMorgan To Expand In South Africa

Posted: 19 Aug 2011 10:35 AM PDT

In a telephonic interview with the Bloomberg, the managing director of JPMorgan Chase & Co. (NYSE:JPM) in Johannesburg stated that the company is planning to offer lending as well as treasury and foreign exchange services to its corporate clients in South Africa.
JPMorgan already has its presence in South Africa since 1998, when it started providing advice on mergers and acquisitions (M&A) as well as on debt and stock offerings to the institutional clients.
The plan to expand further in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Perry Ellis Swings Back To Profits

Posted: 19 Aug 2011 10:35 AM PDT

Perry Ellis International Inc. (NASDAQ:PERY) posted adjusted earnings per share of 11 cents in the second quarter of fiscal 2012, breezing past the Zacks Consensus Estimate of 4 cents and the year-ago loss of 11 cents. GAAP net earnings also came in at 11 cents per share, improving significantly from a loss of 15 cents in the year-earlier period.
Perry Ellis’ total revenue surged 33% year over year in the quarter to $214.4 million. Sales growth was aided by improved performances at men's Golf, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Comedy Video For My Son, Sam.

Posted: 19 Aug 2011 10:33 AM PDT

Comedy video for my son, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


News Corp. Options Predict Pie In The Face For Bears

Posted: 19 Aug 2011 10:30 AM PDT

News Corp. Options Predict Pie in the Face for Bears
Today's tickers: NWSA, OIH, FRX & NVLS
(NWSA) – News Corp. – The phone hacking scandal that dragged Rupert Murdoch's media empire through the mud won't stifle shares in News Corp. forever, by the looks of one massive transaction in long-dated call options this morning. Shares in NWSA dropped more than 25.0% to as low as $13.38 in the weeks following well-publicized allegations that News of the World hacked murder victim Milly … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Crude Oil Futures Rebound In U.S. Trade

Posted: 19 Aug 2011 10:21 AM PDT

Forexpros – <p style=”font: normal normal normal 12px/normal Helvetica; margin: 0px”><span style=”letter-spacing: 0px”>Forexpros – Crude oil futures reversed losses in U.S. trade Friday, in the wake of weak economic data out of the U.S. and the implications for lowered demand from the world&rsquo;s largest energy consumer.&nbsp;</span></p> <p style=”font: normal normal normal 12px/normal Helvetica; min-height: 14px; margin: 0px”>&nbsp;</p> <p … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


“Heading Into Next Week…would Like To Stay Flat”

Posted: 19 Aug 2011 10:10 AM PDT

08/19/11 OnPoint Executions’ Bobby Heller discusses this week’s volatile trading action and weighs in on event … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


European Markets Close Lower; Dax Down 2.19%

Posted: 19 Aug 2011 10:05 AM PDT

Forexpros – European stocks were down after the closing bell on Friday.<br/><br/> At the close of European trade, Germany&rsquo;s DAX fell 2.19%, London&rsquo;s FTSE 100 shed 1.01%, France&rsquo;s CAC 40 declined 1.92% and the EURO STOXX 50 was down 2.15%.<br/><br/> Meanwhile, on Wall Street, equity markets were mixed after the open. The Dow Jones Industrial Average was down 0.42%; the S&P 500 index shed 0.24%, while the Nasdaq 100 index climbed … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


DexCom Remains Neutral

Posted: 19 Aug 2011 10:00 AM PDT

We reiterate our Neutral recommendation on DexCom (NASDAQ:DXCM), a prominent player in the continuous glucose monitoring market. Second-quarter fiscal 2011 loss per share of 11 cents matched the Zacks Consensus Estimate. Net loss for the quarter narrowed roughly 37% year over year to $7.4 million owing to solid revenue growth.
Revenues skyrocketed 82% year over year to $21.4 million, mostly in line with the Zacks Consensus Estimate. Product sales catapulted 68% to $15.2 million.
DexCom is focused on … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


COP To Resume Operations At Penglai

Posted: 19 Aug 2011 10:00 AM PDT

ConocoPhillips (NYSE:COP) announced that its unit in China was granted approval by the State Oceanic Administration (SOA) for the resumption of partial operations in Penglai oilfield, in north east China’s Bohai Bay.
In June, a subsidiary of the U.S. oil major had experienced an oil spill in the Penglai 19-3 oilfield that caused environmental damage and polluted approximately 840 square kilometers of water.
Following the incident, the SOA had ordered ConocoPhillips to stop production at platform B … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Dollar Slides As Equities Rebound

Posted: 19 Aug 2011 05:00 AM PDT

08/19/11 The dollar continued its decline this afternoon in the forex markets after the US equity markets rebounded from its recent … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/USD Advances In U.S. Trade

Posted: 19 Aug 2011 09:48 AM PDT

Forexpros – <p style=”font: normal normal normal 12px/normal Helvetica; margin: 0px”><span style=”letter-spacing: 0px”>Forexpros – The euro extended gains against the U.S. dollar Friday, as European Union officials weighed the benefits of issuing joint euro bonds in an effort to stabilize debt-threatened euro-zone members.</span></p> <p style=”font: normal normal normal 12px/normal Helvetica; min-height: 14px; margin: 0px”>&nbsp;</p> <p style=”font: … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – Dollar Falls In Early U.S. Trade

Posted: 19 Aug 2011 09:17 AM PDT

Forexpros – <p style=”font: normal normal normal 12px/normal Helvetica; margin: 0px”><span style=”letter-spacing: 0px”>Forexpros – The U.S. dollar moved broadly lower against its major counterparts in U.S. trade Friday, as investors turned to concerns over European banking health and a slowdown in the global economy.</span></p> <p style=”font: normal normal normal 12px/normal Helvetica; min-height: 14px; margin: 0px”>&nbsp;</p> <p style=”font: normal … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


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