Wednesday, November 9, 2011

DailyMarkets.com - Genomic QUASAR Study Published

DailyMarkets.com - Genomic QUASAR Study Published

Genomic QUASAR Study Published

Posted: 09 Nov 2011 12:20 PM PST

Positive results from Genomic Health's (NASDAQ:GHDX) QUASAR clinical validation study were recently published by the Journal of Clinical Oncology (JCO). The company has for quite some time been awaiting the publication of the study.
In January 2010, the company launched its Oncotype DX colon cancer test. The 12-gene diagnostic test aims to predict individual recurrence risk in stage II colon cancer patients after surgery. The company is focused on pursuing global adoption of and reimbursement for … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Scorecard: Baxter

Posted: 09 Nov 2011 12:05 PM PST

Baxter International (NYSE:BAX) reported third quarter adjusted (excluding one-time items) earnings per share of $1.09, beating the Zacks Consensus Estimate of $1.08, and surpassing the year-ago earnings of $1.01.
The results were in line with Baxter's earlier guidance of $1.07 to $1.09. Among the positive factors, Baxter retains a strong product pipeline with several products in late-stage clinical development.
Highlights from the Quarter
Reported net income increased roughly 10% year over year … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Novartis’ ACZ885 Meets Study Goal

Posted: 09 Nov 2011 11:50 AM PST

Novartis (NYSE:NVS) recently announced that a late-stage trial evaluating its pipeline candidate, ACZ885, for the treatment of children with active systemic juvenile idiopathic arthritis (SJIA) met the two primary endpoints.
The data revealed that within 28 weeks of treatment with ACZ885, 45% of the children were able to reduce their use of steroids. Additionally only 27% of patients being given ACZ885 suffered a new flare versus 75% of those on placebo. Data from this study as well as from … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bullish On Hain Celestial

Posted: 09 Nov 2011 11:35 AM PST

We recently upgraded our recommendation on The Hain Celestial Group Inc. (NASDAQ:HAIN) – which distributes, markets, and sells various natural and organic foods as well as personal care products – to Outperform with a price target of $37.00. Earlier, we had a Neutral view.
What Triggers the Move?
Hain Celestial's better-than-expected first-quarter 2012 results and an improved outlook compelled us to revisit our recommendation. The quarterly earnings of 29 cents a share beat the Zacks Consensus … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Kinder Morgan Plans $400M Venture

Posted: 09 Nov 2011 11:20 AM PST

Kinder Morgan Energy Partners, L.P. (NYSE:KMP) announced plans to invest in the Battleground Oil Specialty Terminal Company, LLC or BOSTCO – a joint venture with TransMontaigne Partners L.P. (NYSE:TLP).
Kinder Morgan will set up, own and operate a $400 million oil terminal on the Houston Ship Channel. The first phase of the project involves construction of 52 storage tanks with a capacity of 6.6 million barrels for handling residual fuel and other black oils. Future development plans include … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

H-P Suite In Aid Of Animal Welfare

Posted: 09 Nov 2011 11:00 AM PST

Hewlett-Packard Company's (NYSE:HPQ) Converged Infrastructure suite was recently deployed by the International Fund For Animal Welfare (IFAW) for the purpose of improving its data center infrastructure. Financial terms of the deal were not disclosed.
The IFAW is currently one of the largest animal welfare and conservation charities in the world. Founded in 1969 to stop the commercial hunt for white-coat harp seals in Canada, it conducts campaigns and programs aimed at protecting endangered … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

“Focusing On Europe”

Posted: 09 Nov 2011 10:58 AM PST

11/09/11 Mogavero, Lee & Co.’s Doreen Mogavero discusses the spike in Italian borrowing costs, technical levels for the equity averages, and rising crude oil … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

GM Beats But Profit Dips

Posted: 09 Nov 2011 10:50 AM PST

General Motors Company (NYSE:GM) posted an 11% decline in profit to $1.74 billion in the third quarter of the year from $1.96 billion in the same quarter of 2011. Nevertheless, on a per share basis, the profit of $1.03 was higher than the Zacks Consensus Estimate of 99 cents. It compared with $1.20 in the third quarter of 2010.
The decline in profit was attributable to lower interest income and other non operating income (net), loss on extinguishment of debt and income tax expense.
Revenues in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earning Scorecard: Time Warner Cable

Posted: 09 Nov 2011 10:50 AM PST

Time Warner Cable Inc. (NYSE:TWC), the second largest cable MSO in the U.S., reported somber results in third quarter 2011, which missed our expectations. Moreover, we remain concerned regarding the continued subscriber loss in its core video segment.
Third Quarter Highlights
Quarterly GAAP net income was $356 million or $1.08 per share compared with a net income of $360 million or $1.00 per share in the prior-year quarter. Third quarter 2011 adjusted (excluding special items) EPS of $1.10 was … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/JPY Up During The U.S. Session

Posted: 09 Nov 2011 10:45 AM PST

Forexpros – The U.S. Dollar was higher against the Japanese Yen on Wednesday.

USD/JPY was trading at 77.76, up 0.05% at time of writing.

The pair was likely to find support at 77.54, today's low, and resistance at 78.27, Friday's high.

Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 1.88% to hit 1.3574 and GBP/USD falling 0.91% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: GOL Linhas

Posted: 09 Nov 2011 10:35 AM PST

GOL Linhas A (NYSE:GOL) will be reporting its third-quarter 2011 earnings on Thursday, November 10, 2011.
The current Zacks Consensus Estimate for earnings per share (EPS) is a negative 23 cents, representing an annualized loss of 197.50%.  
With respect to earnings surprises over the trailing four quarters, GOL outperformed the Zacks Consensus Estimate in two quarters and underperformed in the rest. Average earnings surprise was a negative 99.84%, implying that the company underperformed the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD Bulls Cannot Take Control. 100 Hour MA Starting To Catch Up.

Posted: 09 Nov 2011 10:33 AM PST

Time has allowed the 100 bar MA on the 5 minute chart to start to catch up with the market price.  The level is down to 1.3616 and moving lower. The high correction has reached the 1.3608 level or 50% of the last leg down in the EURUSD.  In order to prove the EURUSD has more buyers than sellers the buyers must overwhelm the sellers and push the market price above resistance levels. The 1.3607 level was the low for November (before today) the 1.3608 level was the 50% of the last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: GBPUSD At 50% Of Move Down From August High

Posted: 09 Nov 2011 10:33 AM PST

Aura Gets CE Mark

Posted: 09 Nov 2011 10:30 AM PST

Aura Gets CE Mark
Brian Marckx, CFA
Verisante (V.VRS) continues to deliver on key milestones and this morning announced that they have obtained CE Mark for approval to sell Aura in Europe.  CE Marking also allows Verisante to market the device in Australia.  The approval comes on the heels of Health Canada regulatory clearance which was granted in mid-October.  Verisante will initially roll-out Aura in Germany, Austria and Switzerland.

As we noted following Health Canada … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

European Markets Close Lower; Dax Down 2.21%

Posted: 09 Nov 2011 10:15 AM PST

Forexpros – European stocks were down after the closing bell on Wednesday.

At the close of European trade, Germany's DAX fell 2.21%, London's FTSE 100 shed 1.92%, France's CAC 40 declined 2.17% and the EURO STOXX 50 was down 2.34%.

Meanwhile, on Wall Street, equity markets were down after the open. The Dow Jones Industrial Average was down 2.13%; the S&P 500 index shed 2.33%, while the Nasdaq 100 index declined … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Euro Hits 1-month Low Vs. Dollar

Posted: 09 Nov 2011 05:00 AM PST

11/09/11 The euro has fallen this afternoon to touch a 1-month low against the greenback as eurozone debt concers contiue to rise on uncertainties concerning Greece and Italian debt are in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Steady As Data Clashes

Posted: 09 Nov 2011 04:00 AM PST

11/09/11 Italian debt concerns and a surprise decline in crude stockpiles had allowed front month crude prices to remain mostly steady this … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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