DailyMarkets.com - Cintas Downgraded To Neutral
DailyMarkets.com - Cintas Downgraded To Neutral |
- Cintas Downgraded To Neutral
- Earnings Scorecard: Medtronic
- Forex Trading: EUR/USD Continues Bearish Trend To Target Key 1.3000 Support
- ‘Jet Man’ Stunts Alongside Fighter Jets Over Alps
- Novartis’ Rasitrio Cleared In EU
- Earnings Preview: Housing And Jobs In The Spotlight
- Climate Change: At What Price Growth?
- Is AT&T/T-Mobile Merger Going Sour?
- Navigant Downgraded To Neutral
- Following Delay Of The Keystone XL Pipeline To U.S, China Is Anxious To Tap Into Canada’s Tar Sands Oil
- Is The Time Ripe To Buy Stocks?
- Earnings Preview: Kroger
- Forex – USD/JPY Up During The U.S. Session
- One-Year ARMs Fall To Lowest Level In U.S. History
- Statoil Cuts Yield On Storm Alert
- Wells Fargo Eyes Irish Assets
- The Euro-Turkey
- Willis Group Downgraded
- European Markets Close Higher; Dax Up 4.60%
- BB&T-BankAtlantic Deal Opposed
- Hopes Of Debt Progress Lifts Euro
- Union Pacific Remains Neutral
- EU Wine Cartel Is “Whining” About Competition
- Second Milestone For Cardica
- IsoRay’s GliaSite Gets Final Nod
- A Preview To Holiday Retail
- Bank Of Israel Cuts Interest Rate 25bps To 2.75%
- Neutral On Northrop Grumman
- Crude Rallies, Trades Above $100
- Forex – Dollar Broadly Lower As Euro Deal Hopes Support Risk
- Natural Gas Futures Retreat From 11-day High On Profit Taking
- Forex – GBP/USD Trims Gains After BOE King’s Comments
- Forex – EUR/USD Remains Higher After U.S. Data, German CPI
- Gold Futures Add To Strong Gains In Risk-on Trade
- Newt Challenges Barack To Lincoln Douglas Debates
- U.S. New Home Sales Rise Less-than-expected In October
- Equities Jump, EU Markets Surge
- With Rising Wages, Will China Remain A Manufacturing Hub?
| Posted: 28 Nov 2011 12:05 PM PST We have recently downgraded Cintas Corporation (NASDAQ:CTAS) from Outperform to Neutral as the positives like solid organic growth and margin expansion are undercut by headwinds from cotton and energy prices and an uncertain economic environment.
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| Posted: 28 Nov 2011 11:50 AM PST The announcement of Medtronic's (NYSE:MDT) second quarter fiscal 2012 results, as on November 22, 2011, has led analysts to revise their estimates lower for the third quarter although the situation improves for the current fiscal.
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| Forex Trading: EUR/USD Continues Bearish Trend To Target Key 1.3000 Support Posted: 28 Nov 2011 11:41 AM PST EUR/USD (daily chart) as of Monday (11/28/2011) has continued its fall down below the key 1.3300 price region, continuing a month-long bearish trend after hitting a high around 1.4250 resistance in late October. This month-long plummet is comparable in slope to the immediately preceding month-long rise that occurred throughout the month of October. Currently, the key downside support target to watch resides around the 1.3150 price region, which was last reached in early October. In the event … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| ‘Jet Man’ Stunts Alongside Fighter Jets Over Alps Posted: 28 Nov 2011 11:40 AM PST |
| Novartis’ Rasitrio Cleared In EU Posted: 28 Nov 2011 11:30 AM PST Novartis (NYSE:NVS) recently announced that its triple combination hypertension pill Rasitrio has been cleared in the European Union (EU). Rasitrio combines the currently marketed hypertension pill Razilez (marketed as Tekturna in the US) with amlodipine and hydrochlorothiazide (HCT). The pill is already marketed as Amturnide in the US.
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| Earnings Preview: Housing And Jobs In The Spotlight Posted: 28 Nov 2011 11:20 AM PST Earnings Preview 11/25/11 There will only be a handful of firms reporting next week, as the third quarter reporting season is almost over. A total of 69 firms are scheduled to report, including 4 of the S&P 500. The firms reporting next week include Big Lots (NYSE:BIG), H&R Block (NYSE:HRB), Bank of Nova Scotia (NYSE:BNS), Kroger's (NYSE:KR), Royal Bank of Canada (NYSE:RY), Toronto Dominion (NYSE:TD) and Tiffany's (NYSE:TIF). While there will not be that much going on with the earnings front, it will … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Climate Change: At What Price Growth? Posted: 28 Nov 2011 11:20 AM PST South Africa is playing host to the climate conference, which opens today in the city of Durban. Climate change conferences focus on reducing global temperatures, which appear to accelerate global warming.
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| Is AT&T/T-Mobile Merger Going Sour? Posted: 28 Nov 2011 11:20 AM PST The proposed $39 billion merger of AT&T Inc. (NYSE:T) and T-Mobile USA seems unlikely. AT&T plans to take a $4 billion charge in the fourth quarter against its takeover, showing increased chances of failure rather than success.
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| Navigant Downgraded To Neutral Posted: 28 Nov 2011 11:05 AM PST We have recently downgraded Navigant Consulting Inc. (NYSE:NCI) to Neutral from Outperform.
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| Posted: 28 Nov 2011 11:01 AM PST It shouldn’t be any surprise that following Obama’s decision to delay the decision on the Keystone XL pipeline until after the 2012 election, and in the process kill 20,000 “shovel-ready” U.S. jobs, Canada is now looking westward to China as an alternative destination for Alberta’s vast tar-sands oil (output is expected to double by the end of the decade). Here are two recent reports: 1. Reuters — “China is set to embrace Canada’s offer of more crude oil, heating up competition with the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Is The Time Ripe To Buy Stocks? Posted: 28 Nov 2011 10:50 AM PST It is said that opportunities are never lost — someone else will catch the one you miss. And the saying remains true to the equity market. No one wants to miss a good opportunity to make exceptional profits from stock markets.
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| Posted: 28 Nov 2011 10:50 AM PST The Kroger Company (NYSE:KR), one of the largest grocery retailers, is slated to report third-quarter 2011 financial results before the bell on Thursday, December 1, 2011. The current Zacks Consensus Estimate for the quarter is 31 cents a share. The Zacks Consensus estimates revenue at $20,394 million.
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| Forex – USD/JPY Up During The U.S. Session Posted: 28 Nov 2011 10:45 AM PST Forexpros – The U.S. Dollar was higher against the Japanese Yen on Monday after the release of U.S. data on New Home Sales. USD/JPY was trading at 78.00, up 0.35% at time of writing. The pair was likely to find support at 76.93, Wednesday's low, and resistance at 78.24, today's high. Earlier in the day, official data showed that new home sales in the U.S. rose unexpectedly to a seasonally adjusted annual rate of 307K last month from 303K in the preceding month whose figure was revised … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| One-Year ARMs Fall To Lowest Level In U.S. History Posted: 28 Nov 2011 10:42 AM PST At 2.79%, one-year adjustable rate mortgages fell last week to the lowest level in U.S. history, going all the way back to 1986 (see chart above) following the “legalization” of ARMs in the U.S. by the “Garn–St. Germain Depository Institutions Act” in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Statoil Cuts Yield On Storm Alert Posted: 28 Nov 2011 10:35 AM PST Statoil ASA (NYSE:STO) has reduced its output at three platforms off central Norway as a precautionary measure against a severe winter storm forecast for the weekend.
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| Posted: 28 Nov 2011 10:20 AM PST On Friday, Bloomberg reported that Wells Fargo & Company (NYSE:WFC) might purchase the London-based Burdale Finance Ltd. unit from Dublin-based Bank of Ireland PLC (NYSE:IRE). In 2004, Bank of Ireland acquired Burdale from Wachovia Corp. for €71 million.
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| Posted: 28 Nov 2011 10:05 AM PST While the U.S. was focused on feasting, football and shopping, the turmoil in Europe continued. The situation there continues to deteriorate. No longer are the problems confined to the small, relatively insignificant economies around the Mediterranean. This week, they even spread to Germany, where a bond auction failed disastrously. Since November 9th, the yield on the 10-year Bund has climbed from 1.72% to the current 2.26%. Worse, that sharp rise in bund yields did not result in a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 28 Nov 2011 10:05 AM PST We are downgrading our recommendation on Willis Group Holdings plc (NYSE:WSH) to Underperform from Neutral due to the headwind from The Loan Protector business that is expected to weigh on its North American results.
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| European Markets Close Higher; Dax Up 4.60% Posted: 28 Nov 2011 10:05 AM PST Forexpros – European stocks were up after the closing bell on Monday. At the close of European trade, Germany's DAX rose 4.60%, London's FTSE 100 gained 2.87%, France's CAC 40 climbed 5.46% and the EURO STOXX 50 was up 5.23%. Meanwhile, on Wall Street, equity markets were up after the open. The Dow Jones Industrial Average was up 2.45%; the S&P 500 index gained 2.74%, while the Nasdaq 100 index climbed … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| BB&T-BankAtlantic Deal Opposed Posted: 28 Nov 2011 09:50 AM PST A group of corporate debt investors of BankAtlantic, a wholly-owned subsidiary of BankAtlantic Bancorp Inc. (NYSE:BBX), filed a lawsuit against the firm to stop it from selling its loans, deposits and branches to BB&T Corporation (NYSE:BBT). These investors believe that this sale infringes the terms of their creditors' agreement.
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| Hopes Of Debt Progress Lifts Euro Posted: 28 Nov 2011 09:45 AM PST 11/28/11 The combination of hopes of progress for the eurozone debt crisis and strong Black Friday sales figures helped the euro currency rebound to start the new trading … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 28 Nov 2011 09:40 AM PST Union Pacific Corp. (NYSE:UNP) reported excellent financial results for the third quarter of 2011 despite facing several challenges, such as extreme heat, floods, late harvest, and reduced shipment of containers. Both revenue and EPS was well above the Zacks Consensus Estimates. Increased fuel cost recoveries, core pricing gain, and volume growth helped Union Pacific to perform fabulously. The freight railroads are gaining momentum over the truckers due to significant rise in fuel costs of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| EU Wine Cartel Is “Whining” About Competition Posted: 28 Nov 2011 09:37 AM PST Decanter.com — “European wine growing regions are battling European Commission plans to allow massive vineyard expansion. If the reform goes through, by 2019 there will be no restrictions to planting vines across the European Union, even in countries that today have no vineyards. Bordeaux vineyards could theoretically rise from 120,000 hectares (ha) to 220,000ha, and Burgundy from 28,000ha to 59,000ha.” According to an industry spokesman, “The effect of this could be … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 28 Nov 2011 09:20 AM PST Surgical devices maker Cardica (NASDAQ:CRDC) has achieved the second milestone for its Microcutter product line under its distribution pact with Century Medical, a leading supplier of medical equipment in Japan. The Microcutter line of novel endoscopic stapling devices is geared for use in a variety of surgeries that require cutting and stapling.
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| IsoRay’s GliaSite Gets Final Nod Posted: 28 Nov 2011 09:05 AM PST IsoRay Inc (ISR), which makes the Cesium-131 internal radiation therapy (brachytherapy) isotope, has crossed the last regulatory hurdle for its GliaSite radiation therapy system, a balloon catheter used in treating brain cancer.
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| Posted: 28 Nov 2011 08:50 AM PST The National Retail Federation ("NRF"), an industry trade group, projects a 2.8% growth in sales, amounting to $465.6 billion, during the current November to December holiday season, lower than the 5.2% rise in the corresponding period of the previous year. Online retail may increase 15% to touch $37.6 billion. These estimates reveal a rebound in consumer expenditure, which amounts to about 70% of the U.S. economy.
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| Bank Of Israel Cuts Interest Rate 25bps To 2.75% Posted: 28 Nov 2011 08:35 AM PST The Bank of Israel cut its benchmark interest by 25 basis points to 2.75% from 3.00%. The Bank said: “The decision to reduce the interest rate to 2.75 percent for December is consistent with the interest rate policy that is intended to entrench the inflation rate within the price stability target of 1–3 percent inflation a year over the next twelve months, and to support growth while maintaining financial stability. The path of the interest rate in the future depends on … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 28 Nov 2011 08:30 AM PST We maintain our Neutral recommendation on Northrop Grumman Corporation (NYSE:NOC), which is the third largest defense contractor behind The Boeing Company (NYSE:BA) and Lockheed Martin Corporation (NYSE:LMT) in the U.S. in terms of trailing twelve-month sales. Northrop's fortunes are heavily tied to missile defense-related programs and we caution that these programs are tempting targets in order to reduce the budget deficit.
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| Crude Rallies, Trades Above $100 Posted: 28 Nov 2011 08:00 AM PST 11/28/11 With the euro currency gaining strength against the dollar on a rally in risk appetite, front month crude prices have followed suit, even rising above $100 a barrel this … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – Dollar Broadly Lower As Euro Deal Hopes Support Risk Posted: 28 Nov 2011 08:00 AM PST Forexpros – The U.S. dollar remained broadly lower against its major counterparts on Monday, amid optimism that European Union leaders may be able to reach an agreement on a deal to halt the spread of the region's debt crisis. During U.S. morning trade, the dollar was down against the euro, with EUR/USD rising 0.87% to hit 1.3353. The euro strengthened broadly earlier amid speculation that EU leaders may be able to reach an agreement on a deal which would make budget discipline … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Natural Gas Futures Retreat From 11-day High On Profit Taking Posted: 28 Nov 2011 07:50 AM PST Forexpros – Natural gas futures fell for the first time in six days on Monday, as investors cashed out of the market to lock in gains from a rally that took prices to an 12-day high earlier in the day. On the New York Mercantile Exchange, natural gas futures for January delivery traded at USD3.564 per million British thermal units during U.S. morning trade, tumbling 2.74%. Natural gas prices rose by as much as 1.85% earlier to hit USD3.719 per million British thermal units, the highest … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – GBP/USD Trims Gains After BOE King’s Comments Posted: 28 Nov 2011 07:42 AM PST Forexpros – The pound trimmed gains against the U.S. dollar on Monday, pulling back from a three-day high following comments from Bank of England Governor Mervyn King. GBP/USD pulled back from 1.5594, the pair's highest since November 23 to hit 1.5546 during U.S. morning trade, still up 0.68%. Cable was likely to find support at 1.5339, the low of October 4 and resistance at 1.5691, the high of November 22. The pound came under pressure after Governor King warned that the scale of shocks … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – EUR/USD Remains Higher After U.S. Data, German CPI Posted: 28 Nov 2011 07:33 AM PST Forexpros – The euro held gains against the U.S. dollar on Monday, after official data showed that U.S. home sales rose less-than-expected in October, while a separate report showed that German inflation remained unchanged this month. EUR/USD hit 1.3398 during U.S. morning trade, the pair's highest since Thursday; the pair subsequently consolidated at 1.3357, gaining 0.91%. The pair was likely to find support at 1.3211, Friday's low and a seven-week low and short-term resistance at … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Gold Futures Add To Strong Gains In Risk-on Trade Posted: 28 Nov 2011 07:30 AM PST Forexpros – Gold futures added to strong gains on Monday, firming above the key USD1,700-an-ounce-level as fresh hopes European leaders will reach a deal to contain the region's debt crisis weakened the dollar and boosted the appeal of commodities. On the Comex division of the New York Mercantile Exchange, gold futures for February delivery traded at USD1,721.35 a troy ounce during U.S. morning trade, rallying 1.95%. It earlier rose by as much as 2.1% to trade at USD1,724.05 a troy ounce, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Newt Challenges Barack To Lincoln Douglas Debates Posted: 28 Nov 2011 07:26 AM PST Where was President Obama to lead our nation in compelling the Congressional commission charged with addressing our fiscal deficit to perform? Those with Ivy League pedigrees … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| U.S. New Home Sales Rise Less-than-expected In October Posted: 28 Nov 2011 07:07 AM PST Forexpros – U.S. new home sales rose less-than-expected in October, official data showed on Monday. In a report, the U.S. Census Bureau said new home sales rose to a seasonally adjusted 307,000 units in October, below expectations for an increase to 312,000. New home sales for September were revised down to 303,000 units from a previously reported 313,000 units. The median sales price of new houses sold in October was USD212,300, while the average sales price was USD242,300. Following the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Equities Jump, EU Markets Surge Posted: 28 Nov 2011 01:15 AM PST 11/28/11 NYFP’s Opening Bell Report: Global equities rallied to start the week following an array of eurozone rumors and a strong showing in US Black Friday … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| With Rising Wages, Will China Remain A Manufacturing Hub? Posted: 27 Nov 2011 10:00 PM PST Earlier this month, I spent a few days at the CLSA AsiaUSA Forum in San Francisco, which offered a geopolitical and economic intellectual feast for global investors. The research firm gathered a well-rounded cast of engaging speakers that included Republican Presidential candidate Herman Cain, Hall of Fame quarterback Steve Young, Pollster extraordinaire Frank Luntz and renowned physicist Dr. Michio Kaku. Here's a photo I snapped during a Q&A session with former U.S. Vice President Dick … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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