Friday, December 2, 2011

DailyMarkets.com - JA Solar Buys Chinese Wafer Maker

DailyMarkets.com - JA Solar Buys Chinese Wafer Maker


JA Solar Buys Chinese Wafer Maker

Posted: 02 Dec 2011 10:05 AM PST

Leading manufacturer of high-performance solar cells and solar power products, JA Solar Holdings Co. Ltd (NASDAQ:JASO) announced that it has acquired Silver Age Holdings Limited in exchange for 30.9 million of its shares.
Silver Age Holdings Limited is a British Virgin Islands based company that owns 100% of wafer manufacturer Solar Silicon Valley Electronic Science and Technology Co., Ltd. ('Solar Silicon Valley').
Located in the Yanjiao Economic & Technology Development Zone in Langfang … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Daily Deals: The Future In Retail

Posted: 02 Dec 2011 10:05 AM PST

What has become commonplace for tech companies and others aiming to lower costs is now seeping into the retail segment as well. The idea is the same: outsource routine functions to a specialized party, making them responsible for volumes that could generate higher profits than those shared with them.

This is what the tech companies had been doing previously, although they outsourced the manufacturing function, which is easier to understand given the tangible nature of goods produced. Also, the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Neutral On Overseas Shipholding

Posted: 02 Dec 2011 09:50 AM PST

Overseas Shipholding Group Inc. (NYSE:OSG), the second largest independent oil tanker company in the world, reported disappointing financial results for the third quarter of 2011. The company suffered losses for the tenth straight quarters. The spot rate of its very large crude carriers fell 66% in the previous quarter. Unfortunately, Overseas Shipholding has significant spot exposure.
The oil tanker industry is facing severe problem due to oversupply of fleets, which resulted in truncated spot … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


ABB’s Grid For India

Posted: 02 Dec 2011 09:40 AM PST

ABB Ltd. (NYSE:ABB) will be supplying equipment worth $38 million for a pooling station, called the Champa transmission substation, in Chhattisgarh, India. The contract has been granted by the Powergrid Corporation of India Ltd., which intends to construct a stronger national grid in India. Besides, Power at 765 and 400 kilovolt (kV) will be received by the planned pooling station.
As per the contract, ABB will be designing, engineering, supplying, installing and commissioning 765 kV and 400 kV … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Markets In Everything: Online Toy Rental

Posted: 02 Dec 2011 09:24 AM PST

BOSTON (CBS) – “When you are a kid on Christmas morning, it's all about volume. But when you are a parent, cruising the aisles of the toy-store in December, it's about trying to balance a happy holiday with a reasonable budget. Paul Reinsmith of Boston has found a great way to have plenty of toys under the tree, and all year, without breaking the bank.

Paul and his wife Pam discovered what they call the 'Netflix' of toys. It's called Toygaroo, a website that lets parents rent toys … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Watson Pharma Going Strong

Posted: 02 Dec 2011 09:20 AM PST

We continue to have an Outperform recommendation on Watson Pharmaceuticals Inc. (NYSE:WPI), which posted third-quarter 2011 earnings of $1.09 per share, beating the Zacks Consensus Estimate by 4 cents and the year-ago earnings by 24 cents per share. Earnings were boosted by strong revenues, which jumped 22.6% to $1.08 billion, mainly due to higher generic and branded sales. Following the better-than-expected third quarter results, Watson Pharma increased its 2011 earnings guidance range to $4.55 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


The Jobs Report: Don’t Break Out The Champagne

Posted: 02 Dec 2011 09:12 AM PST

In brief: The Bureau of Labor Statistics' household survey shows unemployment at 8.6 percent, and the payroll survey shows 120,000 new jobs in November (140,000 from the private sector, and a loss of 20,000 in the public sector). BLS also revised upward its job numbers for September and October.
What does it mean? We're not out of the woods but we might be seeing some daylight.
Maybe. Here's what you need to worry about:
First, this rate of job growth is barely enough to keep up with the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Chipotle Remains Neutral

Posted: 02 Dec 2011 09:05 AM PST

We reaffirm our long-term Neutral recommendation on Chipotle Mexican Grill Inc. (NYSE:CMG), renowned for its large burritos, assembly line production and natural ingredients usage. Chipotle is one of the first chains of fast casual dining establishments. Previously, McDonald’s Corporation (NYSE:MCD) held a majority interest in Chipotle and finally divested it in 2006.
 After reporting below-expectation results for two consecutive quarters due to higher food prices, Chipotle's third quarter … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – EUR/USD Down At The End Of European Session

Posted: 02 Dec 2011 09:00 AM PST

Forexpros – The Euro was lower against the U.S. Dollar on Friday after the release of U.S. data on Unemployment Rate.

EUR/USD was trading at 1.3386, down 0.56% at time of writing.

The pair was likely to find support at 1.3260, Wednesday's low, and resistance at 1.3550, today's high.

Earlier in the day, official data showed that the U.S. unemployment rate fell unexpectedly to a seasonally adjusted 8.6% last month, from 9.0% in the preceding month.

Analysts had expected the U.S. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


IMF Eyes Lower Growth Forecast

Posted: 02 Dec 2011 08:50 AM PST

Come January 2012, the International Monetary Fund (IMF) will have to pare its growth forecast for the world. IMF's September 2011 projections indicated a global growth of 4% for 2012 as opposed to over 5% in 2010. This announcement by the IMF does not come as a surprise. The financial turmoil and the deepening Eurozone crisis, largely responsible for sluggish global growth and weak investor confidence prompted the IMF to contemplate a recast. "The storm in the Euro area casts a long shadow … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Omnicell Reaffirmed At Neutral

Posted: 02 Dec 2011 08:50 AM PST

We recently reiterated our Neutral recommendation on Omnicell (NASDAQ:OMCL) with a target price of $17.00.
Omnicell reported adjusted EPS of 9 cents in the third quarter of fiscal 2011, beating the Zacks Consensus Estimate by a penny and the year-ago quarter EPS of 4 cents. Revenues in the reported quarter increased 5.6% year over year to $64.4 million and surpassed the Zacks Consensus Estimate of $63 million.
The company primarily operates in the niche automated medication distribution industry and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – USD/JPY Up Toward The End Of European Session

Posted: 02 Dec 2011 08:40 AM PST

Forexpros – The U.S. Dollar was higher against the Japanese Yen on Friday after the release of U.S. data on Unemployment Rate.

USD/JPY was trading at 77.88, up 0.23% at time of writing.

The pair was likely to find support at 77.30, Wednesday's low, and resistance at 78.28, Tuesday's high.

Earlier in the day, official data showed that the U.S. unemployment rate fell unexpectedly to a seasonally adjusted 8.6% last month, from 9.0% in the preceding month.

Analysts had expected the U.S. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


DENTSPLY Retained At Outperform

Posted: 02 Dec 2011 08:35 AM PST

We maintain our Outperform recommendation on DENTSPLY International (NASDAQ:XRAY) based on its solid third-quarter 2011 results and attractive growth prospect from new product launches and acquisition of AstraZeneca's (NYSE:AZN) dental implant unit Astra Tech.
The company's third quarter adjusted earnings of 46 cents a share topped the Zacks Consensus Estimate of 43 cents. Revenues jumped 14% year over year to $619.8 million, also beating the Zacks Consensus Estimate. Sales were boosted by internal … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


How To Shop Online; Protect Your Credit Score & Your Money

Posted: 02 Dec 2011 08:30 AM PST

… [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – GBP/USD Down Toward The End Of European Session

Posted: 02 Dec 2011 08:25 AM PST

Forexpros – The British Pound was lower against the U.S. Dollar on Friday after the release of U.S. data on Unemployment Rate.

GBP/USD was trading at 1.5590, down 0.64% at time of writing.

The pair was likely to find support at 1.5459, Monday's low, and resistance at 1.5780, Wednesday's high.

Earlier in the day, official data showed that the U.S. unemployment rate fell unexpectedly to a seasonally adjusted 8.6% last month, from 9.0% in the preceding month.

Analysts had expected the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Cerner Remains Neutral

Posted: 02 Dec 2011 08:20 AM PST

We reiterate our Neutral rating on Cerner (NASDAQ:CERN), a leading healthcare information technology ("HCIT") solutions provider. Its third quarter adjusted earnings per share of 45 cents met the Zacks Consensus Estimate. Revenues of $571.6 million were higher than the Zacks Consensus Estimate of $533 million.
Increased revenue from Support, Maintenance and Services (up 15.6% to $371.5 million) was supported by higher System sales (up 41.4% to $188.7 million). Revenues from Reimbursed Travel … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


PPDI Shareholders Nod To Merger

Posted: 02 Dec 2011 08:05 AM PST

Pharmaceutical drug research company Pharmaceutical Product Development, Inc. (NASDAQ:PPDI) recently announced that its shareholders have approved the merger with privately held firms The Carlyle Group and Hellman & Friedman. The merger was announced in October 2011.
PPD shareholders have been offered a cash consideration of $33.25 per share. The total purchase consideration comes to $3.9 billion in cash. The merger is now subject to certain closing conditions and is expected to close before the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Jobs Data Keeps Crude Above $100

Posted: 02 Dec 2011 08:00 AM PST

12/02/11 Front month crude prices continued to trade above $100 a barrel this morning led by an unexpected improvement in the unemployment rate and eurozone debt progress … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Wall Street Cheers Jobs Data

Posted: 02 Dec 2011 08:00 AM PST

12/02/11 US stocks soared at the Open, as the US unemployment rate dipped to its lowest in over two years. The economy added 120,000 jobs in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – USD/CAD Up On Jobs Data

Posted: 02 Dec 2011 07:40 AM PST

Forexpros – The U.S. Dollar was higher against the Canadian Dollar on Friday after the release of U.S. data on Nonfarm Payrolls.

USD/CAD was trading at 1.0153, up 0.14% at time of writing.

The pair was likely to find support at 1.0080, today's low, and resistance at 1.0432, Monday's high.

Earlier in the day, official data showed that U.S. non-farm payrolls rose to a seasonally adjusted 120K last month, from 100K in the preceding month whose figure was revised up from 80K.

Analysts had … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


The Fed’s Recent Action On Swaps

Posted: 02 Dec 2011 07:35 AM PST

What the Fed recently announced regarding its swap agreements should be helpful in forestalling a liquidity crisis in Europe, but it is not a "bailout" of anyone, and it does not increase any risk or cost to the U.S. taxpayer. It will help prevent a freeze up of European banks needing "dollar" liquidity. The swap agreements were already in place. What was announced was a maturity extension of the arrangements and a reduction in the interest rate charged. As long as the rate is positive, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Potential Breakout Forming In Gold And Silver

Posted: 02 Dec 2011 06:46 AM PST

The market does whatever it can to confuse, misdirect and obfuscate the investor.  It is entirely possible that a grand strategy underlies Bernanke's game plan.  With recent markets creating more skies of gray than any Russian play can guarantee, there are plenty of storm clouds hovering over head to throw the investor off his track.  This is exactly when the markets may be forming a base for a surprising upward market move.
(Check out video from early October highlighting … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


“Grand Plan” Talks Spark Rally

Posted: 02 Dec 2011 01:15 AM PST

12/02/11 NYFP’s Morning Market Report: Spreadng reports of an EU ‘grand plan’ ahead of the EU summit next week has helped lead the way for a global equity rally Friday … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


No comments:

Post a Comment