DailyMarkets.com - José Feliciano Sings “Feliz Navidad” At The NYSE
DailyMarkets.com - José Feliciano Sings “Feliz Navidad” At The NYSE |
- José Feliciano Sings “Feliz Navidad” At The NYSE
- NYSE Traders Sing “Wait Till The Sun Shines, Nellie”
- Hot Deals Can Eat Margins
- Yahoo Mulls Asian Asset Sale
- J2 Global Revert To Neutral
- Sanofi’s Multiple Sclerosis Drug Disappoints
- Happy Times In The Markets, But Things Can Change
- Kraft Lobbying Charges Shrink
- Accenture Wins Homeland Contract
- Neutral On Barrick Gold
- GM China Recalls Cadillac SRX
- Tokio Marine Debuts U.S Life Market
- U.S. Stocks Rise On Housing Data; Dow Up 0.99%
- Brookfield Divests Boston Assets
- Festive Finale For US Stocks
- Estimates Up For Broadcom
- Federated Expands Globally
- China, Japan Face Growth Pangs
- Bayer Seeks European Approval
- Netflix CEO Sees Stock Options Cut In Half
- Forex – Dollar Firms, Buoyed By Healthy U.S. Data
- Monetary Policy Week In Review – 24 Dec 2011
- Cotendo Goes To Akamai
- Barclays Fined By FINRA
- BorgWarner Downgraded To Neutral
- Earnings Scorecard: Rite Aid
- Envitech Energy Now With ABB
- NRP Eyes Mississippian Oil
- Toyota Expects A Happy New Year
- Autodesk Buys T-Splines’ Assets
- IPhone, IPad Study Shows Trade Stats Dramatically Overstate The Value Of U.S. Imports From China
- Teva Provides In-Line 2012 Outlook
- BSX Unveils New-Age Catheter
- Mindray Inks Deal To Take Over TDR
- Forex – GBP/USD Drops On Healthy U.S. Data
- How Manpower Balances?
- Central Bank Of Russia Cuts Rate 25bps To 8.00%
- New Home Sales Up Slightly
- Vornado’s 4Q Share Of Toys ‘R’ Us
- U.S. Oil Supplies Tighten
- National Oilwell Varco Worth A Look
- Gold Falls As U.S. Dollar, Stocks Shine
- Cousins Divests Industrial Assets
- Crude Oil Futures Firm On U.S. Housing Data
- Wendy’s Remains Neutral
- Heller: “ECB’s LTRO…dark Lining Inside Silver Cloud Is Amount Of Bank Borrowing”
- Forex – EUR/USD Drops On Beefy U.S. Homes Sales
- European Shares Advance On Bullish U.S. Data; DAX Up 0.47%
- Euro Slightly Higher On Data
- How Do Markets Perform During Election Years?
| José Feliciano Sings “Feliz Navidad” At The NYSE Posted: 23 Dec 2011 04:15 PM PST 12/23/11 On the final trading session before the Christmas holiday, Grammy winner José Feliciano not only rang the NYSE Closing Bell, but he also ushered in the holiday weekend by singing his classic Christmas hit, “Feliz … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| NYSE Traders Sing “Wait Till The Sun Shines, Nellie” Posted: 23 Dec 2011 11:00 AM PST 12/23/11 In keeping with tradition, floor traders at the NYSE gathered this afternoon to sing “Wait Till the Sun Shines, Nellie” to celebrate the final trading day before the Christmas … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 23 Dec 2011 03:20 PM PST It's raining discounts at stores as retailers take their final lap before Christmas. Shoppers are offered discounts of 40%, 50% or even 60%. Further, buy one get one free comes as extra toppings.
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| Posted: 23 Dec 2011 03:15 PM PST Yahoo Inc. (NASDAQ:YHOO) is revisiting a proposed deal to reduce its 40% stake in Chinese e-commerce company Alibaba Group Holding Ltd. and sell its 35% ownership position in Yahoo Japan.
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| Posted: 23 Dec 2011 03:00 PM PST We downgrade our recommendation on j2 Global Inc. (NASDAQ:JCOM) to Neutral based on its third quarter of 2011 financial results, which missed the Zacks Consensus Estimates. Nevertheless, the Subscriber Usage revenue continues to beat market expectations. This is an important parameter as credit-sensitive customers constitute a majority of j2 Global's sales. We believe the company's strong financial position and diversified product pipeline, coupled with the long-term growth prospects of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Sanofi’s Multiple Sclerosis Drug Disappoints Posted: 23 Dec 2011 02:54 PM PST Sanofi's (NYSE:SNY) subsidiary, Genzyme, recently announced disappointing top-line results of its phase III candidate, Aubagio (teriflunomide). Results were presented from the phase III TENERE trial, which was conducted on 324 patients with relapsing forms of multiple sclerosis (RMS).
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| Happy Times In The Markets, But Things Can Change Posted: 23 Dec 2011 02:40 PM PST Some stocks have exploded higher in the Xmas week, but things can change, father time will see to that. Euro: A bounce was expected on short covering, nothing happened. In the end we see the underlying strength in the US Dollar spoiling the party. Indexes have been pumped up to maintain GREEN for 2011. IMPORTANT….”is when the first 5 days of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 23 Dec 2011 02:40 PM PST Kraft Foods Inc. (NYSE:KFT) reported that it spent $640,000 during the third quarter 2011 on issues related to transportation, agriculture, trade and other matters. The lobbying charges shrunk 1.5% from $650,000 spent during the third quarter of 2010 and 12.3% from $730,000 spent in the second quarter of 2011.
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| Accenture Wins Homeland Contract Posted: 23 Dec 2011 02:35 PM PST U.S. Government contract wins continue for Accenture plc. (NYSE:ACN). The tech major has secured a $71.0 million contract from the U.S Department of Homeland Security. Accenture would be responsible to further enhance the capabilities of its immigration and border management functions.
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| Posted: 23 Dec 2011 02:20 PM PST We maintain our Neutral recommendation on Barrick Gold Corporation (NYSE:ABX), the largest gold mining company in the world. The company has a portfolio of 25 operating mines with quite a number of advanced exploration and development projects located across four continents.
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| Posted: 23 Dec 2011 02:10 PM PST General Motors Company (NYSE:GM) announced that its Chinese joint venture with Shanghai Automotive Industry Corporation (SAIC), Shanghai GM, will recall 9,862 units of the 2011 Cadillac SRX model due to defective transmission systems.
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| Tokio Marine Debuts U.S Life Market Posted: 23 Dec 2011 02:10 PM PST Tokio Marine Holdings Inc. (TKOMY) is set to make a debut entry in the U.S. Life insurance market with its announcement to acquire US-based Delphi Financial Inc. (NYSE:DFG). Tokio Marine is prepared to pay $2.7 billion for the acquisition.
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| U.S. Stocks Rise On Housing Data; Dow Up 0.99% Posted: 23 Dec 2011 02:10 PM PST Forexpros – U.S. stocks finished higher Friday after healthy housing and manufacturing data hit the wire and suggested that an already strengthening U.S. economy may be firming even more. New-home sales hit a seasonally adjusted annual rate of 315,000 in November, up 1.6% above October’s revised rate of 310,000 and up 9.8% above 287,000 in November … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Brookfield Divests Boston Assets Posted: 23 Dec 2011 02:05 PM PST Brookfield Office Properties Inc. (NYSE:BPO) recently announced that it has sold certain assets situated in 53 State Street in Boston, Massachusetts for $610 million. The company has sold $682 million of net assets over the last one year.
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| Posted: 23 Dec 2011 02:00 PM PST 12/23/11 In the final trading session before the extended holiday weekend, the Big Board posted a big gain led by better-than-expected economic … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 23 Dec 2011 01:50 PM PST Earnings estimates for leading chipmaker Broadcom Corporation (NASDAQ:BRCM) have been on the uphill in the last ten days driven by the company's positive revision for the fourth quarter outlook.
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| Posted: 23 Dec 2011 01:50 PM PST Yesterday, Federated Investors Inc. (NYSE:FII) has announced the expansion of its operation in United Kingdom. The company is acquiring London-based Prime Rate Capital Management, LLP from Matrix Group Limited. The firm provides institutional liquidity and fixed-income products. UCITS products offered by Prime Rate include Prime Rate Sterling Liquidity Fund, Prime Rate Euro Liquidity Fund and Prime Rate US Dollar Liquidity Fund.
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| China, Japan Face Growth Pangs Posted: 23 Dec 2011 01:50 PM PST Growth pangs appear to dog China and Japan, two of the world’s largest economies after the U.S. The two countries account for around 20% of global output. The Chinese province of Sichuan has raised minimum wages by 23% to attract workers. Most other provinces in China have increased wages by 13%.
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| Posted: 23 Dec 2011 01:50 PM PST Bayer (BAYRY) recently announced that it has filed an application with the European Medicines Agency (EMA) seeking approval to market its blood thinner, Xarelto, in the EU for secondary prevention following an acute coronary syndrome (ACS). ACS refers to a heart disease which results in the blockage of a coronary artery via a blood clot. The disease, which reduces the supply of blood to the heart, is one of the leading causes of death in the US. Bayer has co-developed Xarelto with … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Netflix CEO Sees Stock Options Cut In Half Posted: 23 Dec 2011 08:45 AM PST 12/23/11 After a dismal 2011, Netflix CEO Reed Hastings saw his stock options for 2012 get cut in half. However, his salry will still remain the same and total copansation will be measured by the ultimate value of the stock at year … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – Dollar Firms, Buoyed By Healthy U.S. Data Posted: 23 Dec 2011 01:44 PM PST Forexpros – The dollar firmed against major currencies Friday on news that the U.S. housing and manufacturing sectors were showing signs of moving on from their post-recession doldrums. In the U.S., new-home sales hit a seasonally adjusted annual rate of 315,000 in November, up 1.6% above October’s revised rate of 310,000 and up 9.8% above 287,000 in November of last year. Analysts had expected new home sales to rise to 313,000 last month. Friday’s figures come in wake of dipping initial … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Monetary Policy Week In Review – 24 Dec 2011 Posted: 23 Dec 2011 01:35 PM PST The past week in monetary policy featured decisions from 8 central banks around the world from Europe to Africa. Those that changed interest rates were; Sweden -25bps to 1.75%, Hungary +50bps to 7.00%, and Russia -25bps to 8.00%. Meanwhile, those that announced no changed to interest rates were; Morocco 3.25%, Japan 0.10%, the Czech Republic 0.75%, Ghana 12.50%, and Turkey 5.75%. Brazil also announced some fine tuning measures to the way it pays interest on reserves, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 23 Dec 2011 01:30 PM PST Confirming earlier rumors, Akamai Technologies Inc. (NASDAQ:AKAM) recently announced that it is buying competitor Cotendo for $268.0 million in cash. The deal is expected to close in the first half of 2012. Shares jumped 18.6% to close at $31.63 following the news.
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| Posted: 23 Dec 2011 01:30 PM PST Barclays Plc. (NYSE:BCS) has hit the headline and this time for a fine imposed by the Financial Industry Regulatory Authority (FINRA). The company needs to pay a penalty of $3 million for misrepresentation of data associated with the issuance of residential subprime mortgage securitizations (RMBS).
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| BorgWarner Downgraded To Neutral Posted: 23 Dec 2011 01:20 PM PST We recently downgraded our recommendation on BorgWarner Inc. (NYSE:BWA) to Neutral from Outperform. Headquartered in Michigan, BorgWarner is a leading manufacturer of powertrain products for the world’s major automakers including Volkswagen AG (VLKAY) and Ford Motor Co. (NYSE:F).
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| Posted: 23 Dec 2011 01:05 PM PST Rite Aid Corporation (NYSE:RAD), the third largest retail drugstore in the U.S. based on revenues and number of stores, posted its second-quarter 2012 results. Street analysts had nearly a week to ponder the news.
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| Posted: 23 Dec 2011 12:55 PM PST ABB Ltd. (NYSE:ABB) has completed its acquisition of Envitech Energy, a Canadian provider of electrical equipment and solutions for rail infrastructure. The acquisition enhances ABB's offering for technical development of rail infrastructure.
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| Posted: 23 Dec 2011 12:50 PM PST Natural Resource Partners L.P. (NYSE:NRP) further expanded its operation by acquiring 3,600 net mineral acres in the Mississippian Lime oil play in North Central Oklahoma. The partnership will fund the acquisition from its cash in hand which was $150.1 million as of September 30, 2011.
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| Toyota Expects A Happy New Year Posted: 23 Dec 2011 12:50 PM PST Toyota Motor Corp. (NYSE:TM) expects to win the battle in 2012 and beyond after going through the rough years with several uncertain events. The automaker aims to achieve a 20% growth in global sales to 8.48 million vehicles in 2012 on the production of 8.65 million vehicles, up 24% from 6.97 million in 2011.
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| Autodesk Buys T-Splines’ Assets Posted: 23 Dec 2011 12:50 PM PST Autodesk Inc. (NASDAQ:ADSK) announced the acquisition of modeling technology assets from T-Splines, a surface modeling software company. Although the transactional details of the deal were not available, Autodesk confirmed that the transaction would not affect its current quarter guidance.
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| IPhone, IPad Study Shows Trade Stats Dramatically Overstate The Value Of U.S. Imports From China Posted: 23 Dec 2011 12:21 PM PST Here’s the abstract of the July 2011 article “Capturing Value in Global Networks: Apple's iPad and iPhone,” by Kenneth Kraemer (UC-Irvine), Greg Linden (UC-Berkeley), and Jason Dedrick (Syracuse University): “This article analyzes the distribution of value from innovation in the global supply chains of the Apple iPad and iPhone. We find that Apple continues to capture the largest share of value from these innovations. While these products, including most of their components, are … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Teva Provides In-Line 2012 Outlook Posted: 23 Dec 2011 12:20 PM PST Teva Pharmaceutical Industries Ltd. (NASDAQ:TEVA) recently provided guidance for 2012. The company expects to earn $5.48 and $5.68 per share on total net sales of about $22 billion. Guidance was generally in line with expectations. While the Zacks Consensus Earnings Estimate, prior to the release of guidance, was $5.62, the Zacks Consensus Revenue Estimate was about $21.8 billion. The Cephalon acquisition is expected to boost 2012 earnings by 20-25 cents.
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| Posted: 23 Dec 2011 12:05 PM PST Boston Scientific Corporation (NYSE:BSX) has strengthened its Peripheral Interventions (PI) business with the recent launch of Charger percutaneous transluminal angioplasty (PTA) balloon catheter. The device is meant for a wide range of peripheral angioplasty procedures including post-stent dilatation.
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| Mindray Inks Deal To Take Over TDR Posted: 23 Dec 2011 11:55 AM PST Mindray Medical International Limited (NYSE:MR), a leading Chinese medical device manufacturer, recently revealed that it has agreed to buy a majority holding in Hunan Changsha Tiandiren Biotech Co., Ltd. (“TDR”). The terms of the deal were not revealed as the agreement is not material to Mindray's financial results.
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| Forex – GBP/USD Drops On Healthy U.S. Data Posted: 23 Dec 2011 11:37 AM PST Forexpros – The pound fell against the dollar Friday as positive economic data out of the U.S. sparked demand for equities and other dollar-denominated assets. GBP/USD hit 1.5603 midway through the U.S. trading session Friday, down 0.48%, and not far from a session low of 1.5599 and a high of 1.5708. The pair was likely to find support at 1.5599, Friday’s earlier low, and resistance at 1.5774, Wednesday's high. In the U.S., new-home sales hit 315,000 in November, up 1.6% above October … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 23 Dec 2011 11:35 AM PST The job market is stubbornly fragile and the economy exceptionally bleak. But in the age of survival of the fittest, one has to face headwinds, balance itself and keep its head high, while passing through every rough patch. This is exactly what ManpowerGroup (NYSE:MAN) is doing.
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| Central Bank Of Russia Cuts Rate 25bps To 8.00% Posted: 23 Dec 2011 11:34 AM PST The Central Bank of Russia dropped its benchmark refinancing rate by 25 basis points to 8.00%. The Bank said: “The said decision was made considering the assessment of inflation risks and risks to the sustainability of economic growth, including those associated with the global economic uncertainty. Narrowing of the gap between interest rates on the Bank of Russia liquidity providing and absorbing operations is neutral in terms of monetary policy stance. It should … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 23 Dec 2011 11:30 AM PST New Home Sales rose by 1.6% in November from October, to a rate of 315,000. Relative to a year ago, sales are up 9.8%. While the monthly increase is more than welcome, it is still a very dismal rate of new home sales. There was a upward revision to the October numbers of 3,000 from 310,000. The November level was also somewhat better than the expected rate of 315,000. Regardless of the changes at the edges, this is still a very bad level. The 19 lowest months on record (back to 1963) for new … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Vornado’s 4Q Share Of Toys ‘R’ Us Posted: 23 Dec 2011 11:20 AM PST Vornado Realty Trust (NYSE:VNO), a leading real estate investment trust (REIT), has recently announced its share of third quarter 2011 financial results of Toys 'R' Us – a leading global retailer of dedicated toys and baby products. Vornado Realty, which currently owns about 32.7% of Toys 'R' Us, will record its share when it reports its results for the fourth quarter ending December 31, 2011.
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| Posted: 23 Dec 2011 11:05 AM PST The U.S. Energy Department’s weekly inventory release showed an unexpectedly strong decrease in crude inventories – the most since February 2001 – on the back of lower imports, while gasoline supplies fell after five straight weeks of increase. The agency's bullish report further revealed that distillate stocks posted a larger-than-expected draw, as demand recovered in the face of plentiful supplies. Meanwhile, refiners reduced processing rates by 0.2%.
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| National Oilwell Varco Worth A Look Posted: 23 Dec 2011 10:55 AM PST The growth in global energy demand will continue to boost drilling activity, with the employment of technology to find and recover oil/gas resources. As such, opportunities for a global large-cap oilfield services company like National Oilwell Varco (NOV) will also improve, as it captures the economic benefit of this trend. Supported by strong consistency in its earnings/cash flows, attractive fundamentals and a positive outlook, we remain optimistic about the firm's near-term … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Gold Falls As U.S. Dollar, Stocks Shine Posted: 23 Dec 2011 10:45 AM PST Forexpros – Gold prices fell Friday as investors worldwide sold the metal and bought dollars to go out and invest in U.S. stocks, which were buoyed on news of strong home sales and orders for durable goods. On the Comex division of the New York Mercantile Exchange, gold futures for February delivery traded at USD1,607.45 a troy ounce U.S. trading, down 0.20%. Gold futures were likely to test support at USD1,599.65 a troy ounce, Thursday’s low, and resistance at USD1,643.65. Wednesday’s … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Cousins Divests Industrial Assets Posted: 23 Dec 2011 10:35 AM PST As part of the long-term strategy to upgrade its overall portfolio with the acquisition of newer high-quality properties and divesture of non-core assets, Cousins Properties Inc. (NYSE:CUZ), a Georgia-based real estate investment trust (REIT), has recently sold 2 industrial buildings and the remainder of its Texas industrial land for total proceeds of $72.2 million. The company's share of the asset sale transaction was approximately $65.2 million.
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| Crude Oil Futures Firm On U.S. Housing Data Posted: 23 Dec 2011 10:21 AM PST Forexpros – Crude futures rose Friday, as healthy data for home sales and durable goods suggested the U.S. economy is moving further along its path to recovery. On the New York Mercantile Exchange, light, sweet crude futures for delivery in February traded at USD99.95 a barrel midway through the session, up 0.43%. The commodity hit a session high of USD100.23 and a low of USD99.25 so far in early U.S. trading Friday. New-home sales hit a seasonally adjusted annual rate of 315,000, up 1.6% … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 23 Dec 2011 10:20 AM PST We remain Neutral on The Wendy's Co. (NYSE:WEN) with strong breakfast menu, international expansion and closing underperforming stores on the one side, and commodity inflation and a smaller scale of operation compared to the industry biggies on the other.
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| Heller: “ECB’s LTRO…dark Lining Inside Silver Cloud Is Amount Of Bank Borrowing” Posted: 23 Dec 2011 10:20 AM PST 12/23/11 OnPoint Executions’ Bobby Heller weighs in on the latest economic data releases, this week’s EU development and 2012 market … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – EUR/USD Drops On Beefy U.S. Homes Sales Posted: 23 Dec 2011 09:49 AM PST Forexpros – The euro fell against the dollar Friday as investors snapped up greenback positions on robust new home sales data in the U.S., which fueled already rising optimism for the world’s largest economy in 2012. EUR/USD hit 1.3044 during in U.S. trading, down 0.05%, comfortably hovering between a session low of 1.3027 and a high of 1.3096. The pair was likely to find support at 1.2983, Monday's low, and resistance at 1.3196, Wednesday's high. New-home sales hit a seasonally … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| European Shares Advance On Bullish U.S. Data; DAX Up 0.47% Posted: 23 Dec 2011 08:56 AM PST Forexpros – European stocks closed higher on Friday as bullish U.S. economic data eased euro zone crisis fears. After the close of European trade, the EURO STOXX 50 climbed by 0.69%, France’s CAC 40 gained 0.84%, while Germany’s DAX 30 traded higher by 0.47%. Meanwhile, in the U.K. the FTSE 100 soared 1.02%. U.S. durable good orders and new home sales surprised positively reinforcing the notion that the economy is improving. In addition, U.S. new homes sales spiked to a 7 month high adding … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 23 Dec 2011 03:00 AM PST 12/23/11 The euro currency was trading slightly higher this morning against the dollar following the release of strong durable goods … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| How Do Markets Perform During Election Years? Posted: 22 Dec 2011 10:00 PM PST Republicans have ridden the candidate carousel over the past few months but eventually one GOP contender will emerge to face President Obama in the much anticipated 2012 Presidential Election. As political experts predict a democratic or republican win, another group of pundits, market experts, will guess on how stocks will perform in 2012.
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