Friday, November 11, 2011

DailyMarkets.com - Wisconsin Energy Still Neutral

DailyMarkets.com - Wisconsin Energy Still Neutral

Wisconsin Energy Still Neutral

Posted: 11 Nov 2011 12:20 PM PST

We maintain our Neutral outlook on Wisconsin Energy Corporation (NYSE:WEC) as the company is subject to extensive regulations from the different regulatory bodies. These regulations impose restrictions on the company's operations and cause substantial compliance costs. Any change in regulation or in the regulatory environment in general could impact the company’s earnings.
Counting among the positives, an overriding catalyst for Wisconsin Energy is its "Power the Future" plan that aims at … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

SunPower, NRG In Solar Pact

Posted: 11 Nov 2011 12:03 PM PST

SunPower Corporation (SPWRA) and NRG Energy, Inc. (NYSE:NRG) announced the formal commencement of construction of the 250-megawatt California Valley Solar Ranch ("CVSR"). The project has received a loan guarantee of up to $1.237 billion from the U.S. Department of Energy’s Loan Programs Office that supports the deployment of commercial technologies along with innovative technologies that lowers green house gas emissions.
NRG Energy is a pioneer in developing cleaner and smarter energy … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Scorecard: Intuitive

Posted: 11 Nov 2011 11:55 AM PST

Intuitive Surgical (NASDAQ:ISRG) reported favorable third-quarter 2011 results. Earnings per share came in at $3.05, beating the Zacks Consensus Estimate of $2.76 and the year-ago figure of $2.14. Net income climbed 41.3% year over year to $122.4 million.
Second Quarter Review
Revenues increased 30% year over year to $446.7 million, beating the Zacks Consensus Estimate of $416 million.
Instruments and accessories revenues were $175.8 million in the quarter, up 38% year over year. Worldwide … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Myriad To Outperform

Posted: 11 Nov 2011 11:40 AM PST

We have upgraded Myriad Genetics (NASDAQ:MYGN) to Outperform with a target price of $24.00.
Myriad reported another strong quarter with a 20% jump in total revenues to $110.5 million based on a 13% growth in Molecular diagnostics revenue to $104 million. While pricing contributed 1.5% to the growth, the remaining 11.5% came from an increase in sample volumes. Revenues derived from Oncology and Woman's Health increased 12% (to $74.2 million) and 15% (to $29.8 million), respectively.
Moreover, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earning Scorecard: Motorola Solutions

Posted: 11 Nov 2011 11:40 AM PST

Motorola Solutions Inc. (MSI), a leading communications equipment manufacturer, declared excellent third quarter 2011 financial results, beating both the top and bottom line expectations. The solid performance was mainly on the back of solid demand across both Government and Enterprise segments.
Third Quarter Highlights
Quarterly total revenue was $2,105 million, up 10.3% year over year and higher than the Zacks Consensus Estimate of $2,091 million. Quarterly GAAP net income from continuing … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: Italians On Diet

Posted: 11 Nov 2011 11:35 AM PST

Cusick’s Corner
This is a strong and very resilient market but as we get into the Midday that may be tested. Today’s a holiday market, Veteran’s/Armistice Day, the momentum has slowed and at the very least we could see a decent consolidation into the After Hours session. I will be watching to see if the bid doesn’t jump into the lunch session only to have some levels trimmed in the afternoon going into the weekend. I will be watching the 1255-1257 on the S&Ps area as support going into the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Oracle’s New Solaris 11 For Cloud

Posted: 11 Nov 2011 11:20 AM PST

Oracle Corp. (NASDAQ:ORCL) recently launched Solaris 11, which is claimed to be the first operating system completely dedicated to cloud computing. The updated version of Solaris has been specifically designed to address the security, performance and scalability needs of all types of cloud, vis-à-vis private, public or hybrid.
Solaris is a UNIX operating system originally developed by Sun Microsystems that fell into the hands of Oracle after the latter acquired Sun in January 2010. The new updated … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Cincinnati Unveils 4G BlackBerry

Posted: 11 Nov 2011 11:20 AM PST

Telecom services provider Cincinnati Bell Inc. (NYSE:CBB) launched two new Blackberry 4G smartphones, BlackBerry Bold 9900 and BlackBerry Torch 9860. The new phones will use the Blackberry 7 platform and will be priced at $299.99 and 199.99, respectively, after a rebate of $50.00. Additionally, these phones would include a two-year service agreement.
The new 4G smartphones are expected to aid market penetration of the company's 4G network. Cincinnati Bell launched its 4G wireless network using … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Enterprise Upped To Outperform

Posted: 11 Nov 2011 11:05 AM PST

We are upgrading our recommendation on Enterprise Products Partners L.P. (NYSE:EPD) to Outperform from Neutral, following a sterling third quarter, a pipeline of development projects and lucrative collaborations.
The results of the recently concluded quarter were backed by greater volumes of natural gas, natural gas liquids (NGLs) and crude oil along with a strong demand for NGLs in the U.S. petrochemical industry and global markets.
The partnership's earnings per limited unit of 55 cents … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Ardea Bio Kept At Neutral

Posted: 11 Nov 2011 10:55 AM PST

We are maintaining our Neutral recommendation on Ardea Biosciences Inc. (NASDAQ:RDEA) with a target price of $20.00.
Ardea Biosciences, headquartered in San Diego, California, primarily develops small-molecule therapeutics for treating serious diseases such as gout and cancer.
Ardea recently reported third quarter 2011 results. The development stage biopharmaceutical company's net loss of $0.84 per share exceeded the year-ago loss by $0.05 and the Zacks Consensus loss Estimate by $0.17. The wider … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

South Korea Clears BIOLASE’s Laser

Posted: 11 Nov 2011 10:55 AM PST

Leading dental laser maker BIOLASE Technology (NASDAQ:BLTI) has clinched regulatory approval in South Korea to market its new WaterLase iPlus all-tissue dental laser across the Northeast Asian nation.
South Korea, with an estimated 25,000 licensed dentists and 16,000 dental clinics, represents a lucrative market for WaterLase iPlus. More than 1,000 practices in South Korea currently use BIOLASE's dental lasers.
Waterlase iPlus was launched in the U.S. in early 2011. Besides addressing the key … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Chesapeake Prices IPO For Assets

Posted: 11 Nov 2011 10:35 AM PST

Chesapeake Energy Corporation (NYSE:CHK) announced the initial public offering (IPO) of its oil and gas assets in western Oklahoma at $19.00 per common unit. The company plans to sell 20 million units. Approved by the New York Stock Exchange, the shares will trade under the symbol of “CHKR”.
Chesapeake manages its properties at the Colony Granite Wash play in Washita County in the Anadarko Basin through the Chesapeake Granite Wash Trust. Earlier this month, the Trust was expected to offer 23.4 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/JPY Sharply Lower In Afternoon U.S. Trade

Posted: 11 Nov 2011 10:33 AM PST

Forexpros –
Forexpros – The U.S. dollar fell against the Japanese yen in U.S. trade Friday to its lowest level since the most recent intervention by the Bank of Japan, as developments in Europe failed to quell ongoing concerns over the region's debt woes.

In afternoon U.S. trade USD/JPY hit 77.05, the pair's lowest since October 31; the pair subsequently consolidated at 77.24, sinking 0.53%.

The pair was likely to find support at 75.58, the low of October 31, and resistance at 78.98, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Thai Floods Wash Out PC, HDD Supply

Posted: 11 Nov 2011 10:30 AM PST

Nature seems to be wreaking vengeance on technology this year. The floods in Thailand have hit the technology sector hard, even before it could fully recuperate from the catastrophic earthquake in Japan back in March. The ensuing supply breakdown is now feared to show up again.
The flood, caused by heavy monsoon rains, is being considered the worst in the past 50 years. The natural disaster resulted in the close down of over a hundred industrial facilities across different sectors. The precise … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

“Not Too Much Credence…light Volume”

Posted: 11 Nov 2011 10:30 AM PST

11/11/11 DME Securities’ Alan Valdes weighs in on Friday’s stock market rally. The looming super committee deadline and downside risks are also … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Exxon To Explore Kurdistan

Posted: 11 Nov 2011 10:20 AM PST

ExxonMobil Corporation (NYSE:XOM), in a controversial move, has inked a deal with Kurdistan Regional Government (KRG) to search for oil and gas in its resource-rich semi-autonomous region, according to a report.
Per the deal, ExxonMobil will explore hydrocarbons in the six blocks within the region. Iraq's central government has been made aware of this move.
ExxonMobil is the first super major so far to have taken the risk of entering Kurdistan. Most companies steer away from the region to avoid … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

European Stocks Rally To Close Higher; DAX Adds 3.2%

Posted: 11 Nov 2011 10:03 AM PST

Forexpros –
Forexpros – European stocks closed higher in Friday trade, on hopes for a resolution to the region's debt threat after the swearing in of a new Greek leader, and Italian Senate passage of a package of austerity measures aimed at securing financial assistance.

At the end of Friday's European session, the STOXX 50 Index strengthened by 3.10% to 2,324.81, France's CAC 40 surged 2.76% to 3,348.63, Britain's FTSE 100 advanced 1.85% to 5,545.38, while Germany's DAX gained … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Italy’s 2012 Budget Law Lifts Euro

Posted: 11 Nov 2011 10:00 AM PST

11/11/11 The euro currency has rebounded on risk appetite led by italy passing its 2012 budget law and strong consumer confidence data out of the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Oil Gains In Mid-day U.S. Trade

Posted: 11 Nov 2011 09:29 AM PST

Forexpros –
Forexpros – Crude oil futures moved higher in U.S. trade Friday, as an Italian government vote to approve austerity measures raised investor hopes of regional debt containment and an increase in global energy demand.

On the New York Mercantile Exchange light, sweet crude futures for December delivery traded at USD98.83 a barrel during early Asian trade, gaining 1.07%, after hitting a daily low of USD97.36.

Crude oil was poised for its longest streak of consecutive weekly gains … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Get Paid To Play Gold

Posted: 10 Nov 2011 10:00 PM PST

With money markets and Treasuries yielding next to nothing these days, investors are finding income in new places. One area those investors should consider is gold mining. With gold rising in value, mining companies are reaping record profit margins, yet the stock prices are depressed due to lack of investor interest. A solution for both gold companies and investors may be dividends, specifically gold-linked dividends.
Several top-tier gold producers that are benefiting from higher gold prices … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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