DailyMarkets.com - Gilead Steady At Neutral
DailyMarkets.com - Gilead Steady At Neutral |
- Gilead Steady At Neutral
- Walgreen Gears Up To Tackle AIDS
- Is Germany Preparing A European Power Play?
- NetApp Beats, Shares Tumble
- Lifeway Foods Beats On Strong Sales
- Philly Fed Manufacturing Index Worsens In November
- EA Partners Madhouse In China
- U.S. Stocks Lower As E.Z. Worries Persist; Dow Jones Down 0.44%
- Stock Market News Briefs: Abercrombie & Fitch Company, Chimera Investment, Hewlett-Packard Company, Micron Technology, NetApp, Officemax Incorporated, Rambus, Radioshack, Starbucks, Target, Tessera Technologies, Western Digital Corporation
- PetSmart Beats, Lifts Outlook
- Hot Meets, Revenue Down
- Crude Oil Futures Retreat From 6-month High On EU Debt Fears
- Forex Trading: EURUSD In A 100 Pip Range Today
- ECB Continues Italian Bond Purchases, Propping Up Euro
- Forex – USD/CAD Lower As Market Sentiment Improves
- Lockheed Martin Awards F-35 Contract
- Jobless Claims Good; Another Of PIIGS Heard From
- Forex – EUR/JPY Hits Session High After Positive U.S. Data
- Limited Brands Beats, Ups Outlook
- Nokia Lost Smartphone Leadership
- Forex – EUR/USD Hits Session High After Upbeat U.S. Data
- U.S. Initial Jobless Claims Fall To 7-month Low
- Perrigo Upped To Outperform
- U.S. Building Permits Rise To Highest Since March 2010
- Private Labor: Wake Up And Smell The Tar Sands
- Sugar Tumbles To 7-week Low On Ample Supplies, EU Debt Woes
- Korea Electric Posts Lower Profits
- Disappointing Quarter For Bob Evans
- Forex – Dollar Mixed After Spanish Bond Auction
- Forex – GBP/USD Dips Amid Euro Zone Concerns
- Forex – EUR/USD Close To Five-week Low After Spain Debt Sale
- European Stocks Lower After Spain Bond Sale; DAX Drops 1.42%
- Wheat Futures Trade Close To 5-week Low On Easing Crop Fears
- U.S. Futures Edge Higher Amid E.Z. Worries; Dow Jones Up 0.17%
- Forex – EUR/GBP Slips After Disappointing Spanish Debt Auction
| Posted: 17 Nov 2011 08:05 AM PST We have maintained a Neutral rating on Gilead Sciences, Inc. (NASDAQ:GILD) following appraisal of third quarter 2011 results.
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| Walgreen Gears Up To Tackle AIDS Posted: 17 Nov 2011 07:50 AM PST Recently, at the US Conference on AIDS in Chicago, Walgreen Co. (NYSE:WAG), the largest drugstore chain in the US declared over 500 of its pharmacies as HIV Centers of Excellence (COE) in areas highly affected by HIV. These regions were identified by the Centers for Disease Control and Prevention (CDC).
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| Is Germany Preparing A European Power Play? Posted: 17 Nov 2011 07:36 AM PST What will be the end game for the European Union? Clearly the EU will not and cannot maintain the status quo.
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| Posted: 17 Nov 2011 07:35 AM PST NetApp Inc. (NASDAQ:NTAP) reported second quarter fiscal 2012 adjusted earnings per share (EPS) of 51 cents, surpassing the Zacks Consensus Estimate of 49 cents. Adjusted EPS excludes amortization of intangible assets, acquisition-related expenses, non-cash interest expense as well as investments and tax gains, but includes stock-based compensation expenses.
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| Lifeway Foods Beats On Strong Sales Posted: 17 Nov 2011 07:20 AM PST Morton Grove, Illinois-based Lifeway Foods Inc. (NASDAQ:LWAY) posted earnings of 6 cents per share in the third quarter of 2011, ahead of the Zacks Consensus Estimate of break-even result and the year-ago quarter earnings of 5 cents per share. The better-than-expected results were attributable to double-digit top-line growth.
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| Philly Fed Manufacturing Index Worsens In November Posted: 17 Nov 2011 07:07 AM PST Forexpros – Manufacturing activity in the Philadelphia-region expanded at a slower rate than expected in November, official data showed on Thursday. In a report, the Federal Reserve Bank of Philadelphia said that its manufacturing index deteriorated by 5.1 points to 3.6 in November from October's reading of 8.7. Analysts had expected the index to improve by 0.3 points to 9.0 in November. On the index, a reading above 0.0 indicates improving conditions, below indicates worsening … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 17 Nov 2011 07:05 AM PST Video game developer and publisher, Electronic Arts Inc. (ERTS), commonly known as EA, recently announced a partnership with Shanghai, China-based mobile advertising solutions provider Madhouse. The partnership will enable Madhouse to deliver live advertisements into EA's mobile games in China by deploying its SmartMad intelligent targeting technology.
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| U.S. Stocks Lower As E.Z. Worries Persist; Dow Jones Down 0.44% Posted: 17 Nov 2011 06:53 AM PST Forexpros – U.S. stocks were lower on Thursday, as sustained concerns over the euro zone’s worsening debt crisis weighed on market sentiment despite upbeat U.S. data on employment and housing. During early U.S. trade, the Dow Jones Industrial Average slipped 0.44%, the S&P 500 index fell 0.66%, while the Nasdaq Composite index declined 0.89%. Spanish 10-year bond yields surged to a euro-era high of 6.97% earlier, close to the 7% threshold widely seen as unsustainable in the long … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 17 Nov 2011 06:50 AM PST Target (NYSE:TGT) posted Q3 EPS of $0.82, surpassing the Zacks Consensus Estimate of $0.74per share. Revenues for the quarter increased 5% to $16.1 billion NetApp (NASDAQ:NTAP) posted Q2 EPS of $0.63, beating the Zacks Consensus Estimate of $0.49 per share. Revenues for the quarter rose 20.5% to $1.51 billion Share prices of Rambus Inc. (NASDAQ:RMBS) plummeted 60.59% to close at $7.11 after the technology licensing company lost a long drawn legal … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 17 Nov 2011 06:50 AM PST PetSmart Inc. (NASDAQ:PETM), the specialty retailer of products, services, and solutions for pets, recently posted strong third-quarter 2011 earnings. Favorable currency fluctuations, increased consumer transactions coupled with healthy sales during the quarter facilitated the company to boost its top and bottom lines.
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| Posted: 17 Nov 2011 06:50 AM PST Shopping mall based specialty retailer, Hot Topic Inc.'s (NASDAQ:HOTT) third-quarter 2011 earnings of 7 cents per share were in line with the lower end of the company's previously announced guidance range of 7 cents to 9 cents and soared from the prior-period earnings of 5 cents. Moreover, the quarterly earnings also met the Zacks Consensus Estimate.
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| Crude Oil Futures Retreat From 6-month High On EU Debt Fears Posted: 17 Nov 2011 06:43 AM PST Forexpros – Crude oil futures erased gains on Thursday, pulling back from a six-month high after weak Spanish and French government debt auctions underlined concerns Europe's debt crisis was worsening. On the New York Mercantile Exchange, light, sweet crude futures for delivery in January traded at USD100.72 a barrel during U.S. morning trade, tumbling 1.84%. It earlier fell by as much as 2.1% to trade at a daily low of USD100.03 a barrel. Spain's Treasury sold EUR3.56 billion of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex Trading: EURUSD In A 100 Pip Range Today Posted: 17 Nov 2011 06:41 AM PST The EURUSD is in a 100 pip range today. The high has come in at the 1.3521. The low has come in at 1.3520. The range is smaller than normal. A range extension can be expected. This is despite a Spanish auction which did not reach it's intended goal of 4 billion Euros sold. The yield approached 7% for the 10 year bonds. As mentioned yesterday, the Italian and Spanish bonds have been purchased by the ECB in a sterilized format.
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| ECB Continues Italian Bond Purchases, Propping Up Euro Posted: 17 Nov 2011 06:40 AM PST Fundamental Headlines
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| Forex – USD/CAD Lower As Market Sentiment Improves Posted: 17 Nov 2011 06:26 AM PST Forexpros – The U.S. dollar fell to a fresh daily low against its Canadian counterpart on Thursday, after positive U.S. data on employment and housing but investors remained cautious amid ongoing worries over the euro zone's debt crisis. USD/CAD 1.0209 during European afternoon trade, the daily low; the pair subsequently consolidated at 1.0234, shedding 0.12%. The pair was likely to find support at 1.0092, the low of November 11 and resistance at 1.0327, the high of October … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Lockheed Martin Awards F-35 Contract Posted: 17 Nov 2011 06:16 AM PST Vision Systems International (VSI), a joint venture between Elbit Systems of America, a subsidiary of Elbit Systems Ltd. (NASDAQ:ESLT) and Rockwell Collins Inc. (NYSE:COL), has won a contract from the Aerospace division of defense behemoth Lockheed Martin Corporation (NYSE:LMT) to enhance the helmet mounted display system (HMDS) on the F-35.
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| Jobless Claims Good; Another Of PIIGS Heard From Posted: 17 Nov 2011 06:11 AM PST We see continued good new on the U.S. economic front this morning, tempered by earlier events occurring in Europe. Sound familiar? Initial jobless claims stayed below the 400K threshold in the past week at 388K, down 5,000 from last week’s upwardly revised number of 393K. Even more substantially, the 4-week moving average, which removes some of the week-to-week volatility to give a clearer trend overall, has finally made it under 400K to 396,750. Not great, but still moving in the right … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – EUR/JPY Hits Session High After Positive U.S. Data Posted: 17 Nov 2011 06:10 AM PST Forexpros – The euro edged higher against the yen on Thursday, as upbeat U.S. data strengthened market sentiment but the single currency remained vulnerable amid sustained concerns over the debt crisis in the euro zone. EUR/JPY hit 104.06 during European afternoon trade, the daily high; the pair subsequently consolidated at 104.02, rising 0.30%. The pair was likely to find support at 102.72, the low of October 10 and resistance at 105.51, the high of September 19. Market sentiment improved … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Limited Brands Beats, Ups Outlook Posted: 17 Nov 2011 06:05 AM PST Limited Brands, Inc. (NYSE:LTD), a specialty retailer of women's intimate and other apparel, beauty and personal care products, recently posted better-than-expected third-quarter 2011 results on the heels of an improving sales environment witnessed across its Victoria’s Secret and Bath and Body Works chains. The outperformance also prompted management to raise its fiscal 2011 earnings outlook.
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| Nokia Lost Smartphone Leadership Posted: 17 Nov 2011 05:50 AM PST Nokia Corp. (NYSE:NOK), the beleaguered mobile handset developer, lost another jewel from its crown. According to a recent Gartner report, Nokia conceded its leadership position in the global smartphone market in the third quarter of fiscal 2011. In the previous quarter, Samsung Electronics of South Korea sold nearly 24 million smartphones, overtaking the number one position from Nokia, which sold around 19.5 million of smartphones.
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| Forex – EUR/USD Hits Session High After Upbeat U.S. Data Posted: 17 Nov 2011 05:49 AM PST Forexpros – The euro rose to a session high against the U.S. dollar on Thursday, following the release of upbeat U.S. data on employment and housing but gains were limited as concerns over sovereign debt contagion to core euro zone economies weighed. EUR/USD hit 1.3521 during European afternoon trade, the session high; the pair subsequently consolidated at 1.3503, gaining 0.30%. The pair was likely to find support at 1.3360, the low of October 10 and resistance at 1.3640, Tuesday's … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| U.S. Initial Jobless Claims Fall To 7-month Low Posted: 17 Nov 2011 05:45 AM PST Forexpros – The number of people who filed for unemployment assistance in the U.S. last week fell to a seven-month low, official data showed on Thursday. In a report, the U.S. Department of Labor said the number of individuals filing for initial jobless benefits in the week ending November 11 fell by 5,000 to a seasonally adjusted 388,000, confounding expectations for an increase of 2,000 to 395,000. It was the lowest level since the week ended April 2, while the four-week moving average … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 17 Nov 2011 05:40 AM PST We have upgraded our rating on Perrigo Company (NASDAQ:PRGO) from Neutral to Outperform with a target price of $113.00 following appraisal of the first quarter fiscal 2012 earnings.
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| U.S. Building Permits Rise To Highest Since March 2010 Posted: 17 Nov 2011 05:38 AM PST Forexpros – The number of building permits issued in the U.S. rose more-than-expected in October, climbing to the highest level since March 2010, official data showed on Thursday. In a report, the U.S. Census Bureau said the number of building permits issued in October rose 9.2% to a seasonally adjusted 0.65 million from 0.59 million in September. Analysts had expected building permits to rise 1.6% to 0.60 million units in October. U.S. housing starts were largely unchanged in October, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Private Labor: Wake Up And Smell The Tar Sands Posted: 17 Nov 2011 05:28 AM PST Danniel Henninger in today’s WSJ: “The decision by the Obama administration to “delay” building the Keystone XL pipeline is a watershed moment in American politics. The implication of a policy choice rarely gets more stark than this. Put simply: Why should any blue-collar worker who isn’t hooked for life to a public budget vote for Barack Obama next year? The Keystone XL pipeline would have created at least 20,000 direct and indirect jobs. Much of this would have been well-paid work for … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Sugar Tumbles To 7-week Low On Ample Supplies, EU Debt Woes Posted: 17 Nov 2011 05:21 AM PST Forexpros – Sugar futures continued their recent run of losses on Thursday, dropping to the lowest level since late-September as rising sugar production in Russia and Ukraine added to the view that global supplies are ample. On the ICE Futures U.S. Exchange, sugar futures for March delivery traded at USD0.2423 a pound during European afternoon trade, dropping 0.98%. It earlier fell by as much as 1.1% to trade at USD0.2420 a pound, the lowest since September 26. Sugar prices have lost … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Korea Electric Posts Lower Profits Posted: 17 Nov 2011 05:16 AM PST South Korean utility behemoth – Korea Electric Power Corporation (NYSE:KEP), in the first nine months of 2011 recorded operating income of KRW177 billion (USD$155.9 million), a year-on-year decrease of KRW1.5 trillion (USD$1.3 billion) compared to operating income of KRW1.6 trillion (USD$1.4 billion) in the year-ago period. This was primarily due to higher fuel costs and power purchase costs, which went up 14.8% and 44.9% respectively compared to the first nine months of 2010. The decline was … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Disappointing Quarter For Bob Evans Posted: 17 Nov 2011 05:05 AM PST Bob Evans Farms Inc. (NASDAQ:BOBE) announced second quarter 2012 adjusted earnings of 47 cents per share, which missed the Zacks Consensus Estimate of 53 cents per share as well as the year-ago quarter earnings of 56 cents per share.
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| Forex – Dollar Mixed After Spanish Bond Auction Posted: 17 Nov 2011 04:46 AM PST Forexpros – The U.S. dollar was mixed against its major counterparts on Thursday, as market sentiment was hit after Spanish borrowing costs rose to a euro-era high following a 10-year government bond auction. During European afternoon trade, the dollar was up against the euro, with EUR/USD rising 0.10% to hit 1.3477. Spain's Treasury sold EUR3.56 billion of 10-year bonds at a yield of 6.97% compared with 5.43% when it auctioned debt maturing in April 2021 last month.
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| Forex – GBP/USD Dips Amid Euro Zone Concerns Posted: 17 Nov 2011 04:24 AM PST Forexpros – The pound dipped against the U.S. dollar on Thursday, despite an unexpected rise in U.K. retail sales as ongoing concerns over the debt crisis in the euro zone curbed demand for riskier assets. GBP/USD hit 1.5691 during early European afternoon trade, the pair’s lowest since October 20; the pair subsequently consolidated at 1.5720, inching down 0.03%. Cable was likely to find support at 1.5631, the low of October 18 and resistance at 1.5846, the high of October 19. Spain's … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – EUR/USD Close To Five-week Low After Spain Debt Sale Posted: 17 Nov 2011 04:00 AM PST Forexpros – The euro was trading close to a five-week low against the U.S. dollar on Thursday, after Spanish borrowing costs surged to a euro-era high, hovering close to the 7% threshold seen as unsustainable in the long term. EUR/USD hit 1.3422 during European early afternoon trade, the pair's lowest since October 10; the pair subsequently consolidated at 1.3464, inching up 0.02%. The pair was likely to find support at 1.3360, the low of October 10 and resistance at 1.3640, Tuesday's … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| European Stocks Lower After Spain Bond Sale; DAX Drops 1.42% Posted: 17 Nov 2011 03:52 AM PST Forexpros – European stock markets extended losses on Thursday, as market sentiment was hit after Spanish borrowing costs rose to a euro-era high following a 10-year government bond auction. During European morning trade, the EURO STOXX 50 tumbled 1.25%, France's CAC 40 plummeted 1.55%, while Germany's DAX 30 dropped 1.42%. Spain sold EUR3.56 billion of 10-year bonds at 6.97% at an undersubscribed auction, while France sold EUR3.33 billion of 2016 notes at a yield of 2.82%. Following … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Wheat Futures Trade Close To 5-week Low On Easing Crop Fears Posted: 17 Nov 2011 03:45 AM PST Forexpros – Wheat futures were down for a second day on Thursday, trading close to a five-week low amid improving crop prospects in Australia and Argentina, while investors continued to monitor developments surrounding Europe's debt woes. On the Chicago Mercantile Exchange, wheat futures for December delivery traded at USD6.1288 a bushel during European morning trade, slumping 0.63%. It earlier fell by as much as 0.82% to trade at USD6.1138 a bushel, the lowest since November 11, when … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| U.S. Futures Edge Higher Amid E.Z. Worries; Dow Jones Up 0.17% Posted: 17 Nov 2011 03:30 AM PST Forexpros – U.S. stock futures pointed to a slightly higher open on Thursday, but sustained concerns over the euro zone’s worsening debt crisis weighed on market sentiment after Spanish borrowing costs rose to a euro-era high. Ahead of the open, the Dow Jones Industrial Average futures pointed to a rise of 0.17%, S&P 500 futures signaled a 0.16% increase, while the Nasdaq 100 futures indicated a 0.11% gain. Spain sold EUR3.56 billion of 10-year bonds at 6.97% at an undersubscribed … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – EUR/GBP Slips After Disappointing Spanish Debt Auction Posted: 17 Nov 2011 03:04 AM PST Forexpros – The euro erased gains against the pound on Thursday, after Spanish borrowing costs rose to a euro-era high at a Treasury bill auction, while French borrowing costs also rose, fanning fears over contagion to core euro zone economies. EUR/GBP pulled back from 0.8577, the session high, to hit 0.8555 during European morning trade, slipping 0.01%. The pair was likely to find support at 0.8517, Tuesday's low and resistance at 0.8576, the days high. Spain's Treasury sold EUR3.56 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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