Friday, November 25, 2011

DailyMarkets.com - Progress At Seven Arts

DailyMarkets.com - Progress At Seven Arts

Progress At Seven Arts

Posted: 25 Nov 2011 07:50 AM PST

Progress at Seven Arts
Ken Nagy, CFA

On November 22, 2011, Seven Arts Entertainment Inc. (SAPX), the independent motion picture production and distribution company, reported results from operations for its first quarter, ended September 30, 2011.

Seven Arts reported solid results with substantial progress in reducing its loans payable and increasing its stockholder equity.

The Company's year over year revenues jumped from $100,305 for the first quarter ended September 30, 2010 up to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

MWI Vet Reaffirmed At Neutral

Posted: 25 Nov 2011 07:50 AM PST

We recently reiterated our Neutral recommendation on MWI Veterinary Supply (NASDAQ:MWIV) with a target price of $66.00.
The company reported fourth quarter 2011 EPS of 80 cents, which was in line with the Zacks Consensus Estimate but 12.7% higher than the year-ago result. The company also reported fiscal 2011 EPS of $3.40, at par with the Zacks Consensus Estimate but well ahead of the year-ago level of $2.70.
Revenues over the last 11 years have grown at a CAGR of 21%. MWI's expanding sales force … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

New Service Offering From Walgreen

Posted: 25 Nov 2011 07:35 AM PST

More than 3,000 stores of  Walgreen Co. (NYSE:WAG) across the US, recently commenced same-day pick up service for the company's massively popular photo gifts. These products include classic photo books, calendars, folded cards, holiday cards and other personalized items. With online photo sites forcing buyers to wait for a week to get custom photo gifts delivered, Walgreen expects this new service to be accretive in terms of time saving.
Walgreen's new photo technology and printing … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD Off Lows But Approaches Intraday Resistance Area

Posted: 25 Nov 2011 07:34 AM PST

The EURUSD is off the lows reached at 1.32118 but is up testing the intraday resistance area at the 1.3257 to 1.3267 area. The 1.3257 was an earlier high. The 1.3264 level is the 38.2% of the days range and the 1.3267 is the 100 bar MA on the 5 minute chart (blue line in the chart above).  There should be sellers against the level, with the potential for more upside momentum on a break.
The EURUSD has issues with the debt problems. Next week there are scheduled a number of debt auctions. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: AUDUSD Tests 100 Hour MA

Posted: 25 Nov 2011 07:34 AM PST

The AUDUSD has seen a move higher this morning on the rebound in the EURUSD. The pair has been in a trend move to the downside since a correction peak on November 14th. The move down tested the 100 hour MA four or so times (see blue line) there has not been a sustainable move above this MA line (blue line in the chart above).  The test today at the 0.9768 level is another attempt to show some bullish … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Regeneron Seeks Label Expansion

Posted: 25 Nov 2011 07:20 AM PST

Regeneron Pharmaceuticals Inc. (NASDAQ:REGN), which is looking to expand the label of its drug Arcalyst into the gout indication, recently announced that the US Food and Drug Administration (FDA) has accepted the company's marketing application for review. A decision from the US regulatory body is expected to be out in the third quarter of 2012 (target date: July 30, 2012).
We remind investors that Arcalyst is already available in the US since 2008 as an injection for subcutaneous use for the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Electronic Arts Signs Lionel Messi

Posted: 25 Nov 2011 07:01 AM PST

Electronic Arts Inc. (NASDAQ:ERTS), popularly known as EA, has signed up Lionel Messi, the Argentinean super star soccer player, for a multi-year endorsement contract. Lionel Messi, who plays for F.C Barcelona, is set to feature in EA's massively popular soccer franchise.
As per the terms of the contract, Messi will be the brand ambassador of EA SPORTS. EA expects to utilize Messi's popularity for marketing and promotional activities and using his brand value to promote the FIFA soccer … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Highwoods Reaffirmed At Neutral

Posted: 25 Nov 2011 06:50 AM PST

We reiterate our Neutral recommendation on Highwoods Properties Inc. (HIW) as we expect the stock to perform in line with the broader market.  The company reported FFO (Funds Fom Operations) of $42.7 million or 56 cents per share in the third quarter of 2011 compared with $43.2 million or 57 cents per share in the year-earlier quarter. Funds Fom Operations, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – NZD/USD Up During The European Session

Posted: 25 Nov 2011 06:50 AM PST

Forexpros – The New Zealand Dollar was higher against the U.S. Dollar on Friday.

NZD/USD was trading at 0.7416, up 0.01% at time of writing.

The pair was likely to find support at 0.7371, today's low, and resistance at 0.7572, Monday's high.

Meanwhile, the New Zealand Dollar was down against the Australian Dollar and up against the Euro, with AUD/NZD gaining 0.001% to hit 1.3127 and EUR/NZD falling 0.64% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

China Unicom Thriving On 3G

Posted: 25 Nov 2011 06:35 AM PST

China’s second largest mobile operator China Unicom (NYSE:CHU) added 3.34 million subscribers in October, up 1.77% from the prior month. This takes the company's total customer base to 192.38 million.
The company's GSM subscriber base expanded to 159.23 million with the net addition of 0.42 million customers, while its 3G subscriber base increased to 33.15 million with the net addition of 2.92 million. This is the third consecutive month that China Unicom added more than 2 million 3G … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Dollar Top Performer, Again; Is The SNB About To Intervene In EUR/CHF?

Posted: 25 Nov 2011 06:35 AM PST

Fundamental Headlines
• Hungary Credit Rating Cut to Junk at Moody's – Bloomberg
• Spain's Rajoy Seeks Proposals for Bad Bank – Bloomberg
• Euro-zone Considering End to Future Private Sector Involvement – Reuters
• Dollar Surges as Italian Yields Rise – WSJ
• Italian Yields Jump after Poor Auction – WSJ
European Session Summary
Despite persisting light liquidity conditions, concerns have not abated over Europe. The Thanksgiving holiday week typically provides relief for … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD Makes New Lows

Posted: 25 Nov 2011 06:34 AM PST

The last time the price was at these levels was October 3rd and October 4th (see chart … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: GBPJPY Tests 38.2% Retracement. Moves Above 100 Hour MA Today.

Posted: 25 Nov 2011 06:34 AM PST

The GBPJPY is at a key level. The pair is testing the 38.2% of the move down from the most recent consolidation high from November 18th. That level comes in at the 120.261 level.  The pair earlier moved above the 100 hour MA (blue line) at the 120.056 level. This level was tested in the last hour of trading and held.The last time the price closed above the 100 hour MA was back on November 9th. The break should be significant for the pair.
So the buyers above the 100 hour MA are nice to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/CHF Up In European Trade

Posted: 25 Nov 2011 06:25 AM PST

Forexpros – The Euro was higher against the Swiss Franc on Friday.

EUR/CHF was trading at 1.2312, up 0.32% at time of writing.

The pair was likely to find support at 1.2251, today's low, and resistance at 1.2415, Monday's high.

Meanwhile, the Euro was down against the U.S. Dollar and the Japanese Yen, with EUR/USD shedding 0.73% to hit 1.3251 and EUR/JPY falling 0.08% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Netflix Survives Lawsuit Brunt

Posted: 25 Nov 2011 06:20 AM PST

The Netflix Inc. (NASDAQ:NFLX) camp will be heaving a sigh of relief, as the company has been acquitted in a class action law suit by a U.S District Judge, Phyllis Hamilton, in Oakland, California. The law suit dates back to 2009, when Netflix allied with retail giant Wal-Mart Stores Inc. (NYSE:WMT) to monopolize the DVD rental market, thus compelling customers to pay inflated prices for subscriptions for the period between 2005-2010.
The District Judge ruled that the agreement between Netflix and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stock Market News Briefs: Deere & Company, Diamond Foods, Diana Shipping, J P Morgan Chase & Co

Posted: 25 Nov 2011 06:10 AM PST

    JPMorgan Chase & Co. (NYSE:JPM) has agreed to acquire MF Global Holdings Ltd's (PINK:MFGLQ) entire stake in the London Metal Exchange

    Snack maker Diamond Foods (NASDAQ:DMND) said there was no connection between the death of Joseph Silveira, a member of its audit committee and an ongoing accounting probe

    Share prices of online-coupon provider Groupon Inc. (GRPN) plummeted 15.50% to close at $16.96 a share, after the company’s shares … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Cracker Barrel Tops Estimates

Posted: 25 Nov 2011 06:05 AM PST

Cracker Barrel Old Country Store Inc. (NASDAQ:CBRL) reported first quarter 2012 adjusted earnings of $1.09 per share, outpacing the Zacks Consensus Estimate of 97 cents. Quarterly earnings exclude a charge of 6 cents related to the proxy war with Biglari Holdings Inc. (BH). The better-than-expected results were driven by sequential upside in restaurant and retail sales.
On a GAAP basis, the company reported earnings of $1.03 per share, surpassing the year-ago quarter earnings of $1.01 per … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CAD Up In European Trading Hours

Posted: 25 Nov 2011 06:00 AM PST

Forexpros – The U.S. Dollar was higher against the Canadian Dollar on Friday.

USD/CAD was trading at 1.0495, up 0.23% at time of writing.

The pair was likely to find support at 1.0278, Monday's low, and resistance at 1.0523, today's high.

Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.85% to hit 1.3235 and GBP/USD falling 0.11% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Italy’s Boot Overshadows U.S. Retail Kick-Off

Posted: 25 Nov 2011 05:50 AM PST

Investors will be unable to shake off Italy-related concerns even as the holiday shopping season gets underway today with enticing Black Friday deals. Trading volumes will likely remain thin today, given the abbreviated trading session and the absence of any major economic reports. Don’t forget, however, that low trading volumes have a way of exaggerating volatility.
In its latest bond auction, Italy was forced to pay Euro-era record high interest rates to attract investors. The country was … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

FUJIY’s Subsidiary Expands Business

Posted: 25 Nov 2011 05:50 AM PST

FUJIFILM Electronic Materials Co. Ltd (FFEM), a subsidiary of FUJIFILM Holdings Corporation (FUJIY), has recently announced to expand its business in South Korea. The company plans to set up semiconductor material manufacturing company along with 95% capital participationf rom the Fujifilm Group.
FFEM, which manufactures and markets semiconductor material, signed a contract with exax Inc. for the remaining 5% capital participation as a step toward establishing the joint venture. The new … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Disney Gains Foothold In Russia

Posted: 25 Nov 2011 05:35 AM PST

According to Bloomberg, The Walt Disney Company (NYSE:DIS) has made a notable progress in expanding its footprints in Russia. The company announced that it has acquired 49% stake in Seven TV network from UTH Russia. Further, Seven TV will be branded as the Disney Channel.
Disney incurred $300 million to gain the above stake from Seven TV,  a unit of Usmanov's and Tavrin's UTH Russia Ltd. Moreover, the company stated that it has closed the transaction on November 18, 2011.
According to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

VALE Approves $6B Moatize Upsize

Posted: 25 Nov 2011 05:20 AM PST

Brazilian mining giant Vale S.A (VALE) has approved a $6 billion expansion of its Moatize coal project in Mozambique. The expansion was initially expected to lift 11 million tones of coal; gradually rising upto 22 million tones of output per year. The first production from the expanded mine of Moatize, the largest coal project of Southern Hemisphere, was forecasted for the second half of 2014. The company has also planned to develop new infrastructure for the Nacala deepwater port for … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

BB&T In Expansion Mode

Posted: 25 Nov 2011 05:05 AM PST

Earlier this week, Winston-Salem Journal reported that BB&T Corporation (NYSE:BBT) plans to expand its footprint in Texas. The company aims to open three new branches in central Texas.
With the addition of two new branches- in Austin and one in Frisco, BB&T will have a total of 26 branches in the state. BB&T established its foothold in the Texas market after taking over the failed Colonial Bank in 2009.
Earlier this month, BB&T Insurance Services, a subsidiary of BB&T,also … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/GBP Down During The European Session

Posted: 25 Nov 2011 05:00 AM PST

Forexpros – The Euro was lower against the British Pound on Friday.

EUR/GBP was trading at 0.8556, down 0.67% at time of writing.

The pair was likely to find support at 0.8546, today's low, and resistance at 0.8665, Tuesday's high.

Meanwhile, the Euro was down against the U.S. Dollar and the Japanese Yen, with EUR/USD shedding 0.90% to hit 1.3228 and EUR/JPY falling 0.36% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/CHF Up In European Trade

Posted: 25 Nov 2011 04:30 AM PST

Forexpros – The British Pound was higher against the Swiss Franc on Friday.

GBP/CHF was trading at 1.4337, up 0.61% at time of writing.

The pair was likely to find support at 1.4226, Wednesday's low, and resistance at 1.4474, Monday's high.

Meanwhile, the British Pound was up against the U.S. Dollar and the Euro, with GBP/USD gaining 0.02% to hit 1.5499 and EUR/GBP falling 0.74% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – AUD/USD Down In European Trading Hours

Posted: 25 Nov 2011 04:00 AM PST

Forexpros – The Australian Dollar was lower against the U.S. Dollar on Friday.

AUD/USD was trading at 0.9689, down 0.46% at time of writing.

The pair was likely to find support at 0.9664, Wednesday's low, and resistance at 0.9997, Monday's high.

Meanwhile, the Australian Dollar was up against the Euro and the Japanese Yen, with EUR/AUD shedding 0.32% to hit 1.3668 and AUD/JPY rising 0.001% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CHF Up During The European Session

Posted: 25 Nov 2011 03:20 AM PST

Forexpros – The U.S. Dollar was higher against the Swiss Franc on Friday.

USD/CHF was trading at 0.9262, up 0.73% at time of writing.

The pair was likely to find support at 0.9108, Tuesday's low, and resistance at 0.9269, today's high.

Meanwhile, the U.S. Dollar was up against the Euro and the Japanese Yen, with EUR/USD shedding 0.80% to hit 1.3241 and USD/JPY rising 0.45% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
at

No comments:

Post a Comment