Wednesday, December 7, 2011

DailyMarkets.com - Still Bullish On Alnylam

DailyMarkets.com - Still Bullish On Alnylam

Still Bullish On Alnylam

Posted: 07 Dec 2011 08:05 AM PST

We have maintained an Outperform rating on Alnylam Pharmaceuticals, Inc (NASDAQ:ALNY) with a target price of $8.25 per share following appraisal of third quarter 2011 results.
Alnylam Pharmaceuticals Inc. is a biopharmaceutical company developing novel therapeutics based on a biological breakthrough technology known as RNA (Ribo Nucleic Acid) interference (RNAi). Alnylam is currently utilizing this know-how to build a pipeline of drug candidates for the treatment of a wide array of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

S&P Revises Regional Bank Ratings

Posted: 07 Dec 2011 07:50 AM PST

In yet another round of credit ratings revision, Standard & Poor’s (S&P) announced changes in credit ratings for 31 regional banks. The list includes 28 publicly traded parent company banks, a non-public entity Bank of North Dakota and a couple of North American units of European banks.
Some of the banks whose ratings were lowered by S&P included– BB&T Corporation (NYSE:BBT), Commerce Bancshares Inc. (NASDAQ:CBSH), PNC Financial Services Group (NYSE:PNC), U.S.Bancorp. (NYSE:USB) and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

PSMH: Initiating With Outperform Recommendation

Posted: 07 Dec 2011 07:35 AM PST

PSMH: Initiating with Outperform Recommendation
Ann Heffron, CFA

We are initiating coverage of PSM Holdings, Inc. (PSMH) with an Outperform recommendation and a 12-month target price of $3.00. PSMH's strategy involves rapidly expanding its loan production capacity through acquisitions and improving profit margins of acquired companies by migrating them to PSMH's higher margin lending platform, in order to achieve the requisite revenue stream and asset base to realize a stock listing on a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: GBPUSD Extends Range Higher On A Break Above The 100 Hour MA. Will Momentum Continue?

Posted: 07 Dec 2011 07:32 AM PST

The GBPUSD broke higher above the 100 hour MA (blue line) and raced higher. The pair moved above the 1.5664 level which has been a floor/ceiling over the last 4 or 5 trading days.  The price is back below this level but remains above the 100 hour MA at the 1.5642 level. Traders who bought on the break will want to see the price move above and stay above the 1.5664 level. A move back below the 1.5642 level will not be encouraging.
The current 76 pip trading range is still narrow for the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURGBP Falls Sharply. Breaks Below The Recent Floor At The 0.8517 Level

Posted: 07 Dec 2011 07:32 AM PST

The break in the GBPUSD higher has been aided by a sharp move lower in the EURGBP. The pair is currently breaking/testing a floor area at 0.8517 level. The low has reached 0.8509 and has bounced back toward the floor level.  The selling is being attributed to a large middle eastern seller. 
Since the pair has been one way and fast, there can be a tendency to bounce – especially if the large seller is done selling. However, because the damage is likely spread around multiple … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Omnicell Showcases G4 At ASHP

Posted: 07 Dec 2011 07:30 AM PST

Omnicell, Inc. (NASDAQ:OMCL), a leading developer and marketer of end-to-end automation solutions for the medication-use process, recently showcased its newly launched fourth-generation G4 solutions at the Midyear Clinical Meeting and Exhibition of American Society for Health-System Pharmacists (ASHP) in Louisiana. The entire suite of solutions includes Automated Dispensing Cabinets with an integrated Medication Label Printer, Controlled Substance Management System (CSM), Savvy Mobile Medication … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

MMI Gears Up For The Holiday Season

Posted: 07 Dec 2011 07:20 AM PST

Motorola Mobility Holdings Inc.(MMI) recently expanded its product portfolio by launching two latest versions of XOOM tablets namely, DROID XYBOARD 10.1 and 8.2. These new tablets will be sold through Verizon Communication Inc. (NYSE:VZ) stores along with the company's massively popular DROID RAZR smartphone. Furthermore, these devices can be upgraded to the latest Android 4.0 (Ice cream Sandwich) operating platform.
Both the Android 3.2 based DROID XYBOARD tablets feature Verizon's 4G LTE … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

November Sales Rise At Buckle

Posted: 07 Dec 2011 07:05 AM PST

The Buckle Inc. (NYSE:BKE) reported net sales of $94.9 million in November 2011, up 9.2% from $86.9 million in the comparable month last year. The company's comparable store sales rose 6.9% in the same period.
Total sales for the men's side of business increased 11.0% year over year and represented 40.0% of total sales for the month, flat year over year. Sales from the women's side of business accounted for 60.0% of total sales, reflecting an 8.5% increase. In the year-earlier month also, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Remains Lower On Summit Outcome Doubts

Posted: 07 Dec 2011 07:00 AM PST

Forexpros – The euro remained lower against the U.S. dollar on Wednesday, as sentiment on the single currency soured amid doubts over the outcome of this week's critical European Union summit.

EUR/USD hit 1.3352 during U.S. morning trade, the daily low; the pair subsequently consolidated at 1.3374, shedding 0.20%.

The pair was likely to find support at 1.3258, the low of November 30 and resistance at 1.3520, the high of December 1.

The euro gave up early gains after the Wall Street … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Quote Of The Day: Taxes And Home Values

Posted: 07 Dec 2011 06:58 AM PST

“When you buy a house, you're not just committing to a mortgage. You are also promising to pay the future property taxes on that house. What drives those local property taxes are the future costs of paying state and local workers and retirees, particularly retirees' pensions and health care. These costs are going in one direction: up.  

Unless state and local governments take steps now to reduce future costs, or unless they plan on suddenly repudiating their promises to their … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Gold Futures Rise To 2-day High Amid EU Summit Uncertainty

Posted: 07 Dec 2011 06:51 AM PST

Forexpros – Gold futures extended earlier gains to rise to a two-day high on Wednesday, as some safe haven buying re-emerged amid growing uncertainty ahead of a critical European Union summit.

On the Comex division of the New York Mercantile Exchange, gold futures for February delivery traded at USD1,739.55 a troy ounce during early U.S. morning trade, climbing 0.45%.

It earlier rose by as much as 0.6% to trade at USD1,742.65 a troy ounce, the highest since December 5.

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

Fitch Affirms RenaissanceRe’s Ratings

Posted: 07 Dec 2011 06:50 AM PST

On Monday, rating agency Fitch Ratings affirmed the credit and debt ratings of RenaissanceRe Holdings Ltd. (NYSE:RNR) and its insurance subsidiaries – Renaissance Reinsurance Ltd. and RenRe North America Holdings, Inc.
The credit rating agency asserted the Issuer Default Rating (IDR) of RenaissanceRe at "A", while the debt rating of 5.875% senior notes was affirmed at "A-" and 6.08% series C and 6.6% series D preferred stocks at "BBB".
Additionally, Fitch affirmed the Insurer … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

ViroPharma-Halozyme Drug Advances

Posted: 07 Dec 2011 06:36 AM PST

ViroPharma Inc. (NASDAQ:VPHM) and Halozyme Therapeutics' (NASDAQ:HALO) drug Cinryze moved a step ahead with the two partners announcing positive top-line data from a mid-stage trial on the drug. The phase II study was designed to evaluate the safety, and pharmacokinetics and pharmacodynamics of the subcutaneous formulation of Cinryze in combination with Halozyme’s Enhanze technology, in patients suffering from hereditary angioedema (HAE).
We note that Cinryze in the intravenous form is currently … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CAD Higher As Euro Zone Uncertainty Hits Risk Appetite

Posted: 07 Dec 2011 06:36 AM PST

Forexpros – The U.S. dollar extended gains against its Canadian counterpart on Wednesday, as increasing uncertainty over the outcome of this week's critical European Union summit supported safe haven demand.

USD/CAD hit 1.0128 during early U.S. trade, the daily high; the pair subsequently consolidated at 1.0125 gaining 0.25%.

The pair was likely to find support at 1.0065, the session low and five-week low and resistance at 1.0206, Tuesday's high.

Market sentiment was dented after the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

“Pricey” Wheat Hurting U.S. Exports

Posted: 07 Dec 2011 06:34 AM PST

Wednesday, December 7, 2011
Wheat prices appear to have entered a new period of price consolidation within a range of 650.00 on the upside and 580.00 on the downside. Given the bearish fundamentals currently in play in the Chicago Wheat market, some traders may perhaps wish to explore the sale of calls in Wheat futures options with strike prices above the highs of the recent price range. For example, with March Wheat currently trading at 608.75 as of this writing, the February Wheat 700 calls … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD In Narrow Range For The Week

Posted: 07 Dec 2011 06:34 AM PST

The current trading range for the week at nearly the half way point is 153 pips with a high of 1.3485 and a low of 1.3332. The lowest trading range for a week this year was 155 pips during the April 10th week. Unless this ia a record setting week, I would expect the range to be extended.
Of course with the EU summit taking place on Thursday and Friday, there exists the ammunition to move outside the range. However, do not underestimate the potential today.
From a technical perspective, the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD Choppy Break.

Posted: 07 Dec 2011 06:34 AM PST

The break to new lows for the day has been met with quick selling then quick buying as the trendline approached at the 1.3345 level.  The price is back above the 1.3358-61 level but remains below the 1.3383 level where the 200 hour MA is found.  The choppy action is not endearing to me. Risk is increased as buyers and sellers seem nervous.  Look for sellers against the 1.3383 level.  A move above the level would not be welcomed by the EURUSD bears.  On the downside the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: GBPUSD Stays Between The “Goal Posts”. Range Very Narrow

Posted: 07 Dec 2011 06:33 AM PST

The GBPUSD has been largely contained over the last few days by the 100 and 200 hour MAs. The pair tried to move below the 200 hour MA over the last 4 or 5 hours but that was rejected. So the pair extended up to the upper boundary agains the 100 hour MA.
The range for the day is very narrow at around 54 pips. I would expect an extension outside the range at some point today and for a break of this stronghhold that the Goal Posts (as defined by the two moving averages) has hd on the pair.  … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Fact Of The Day: Hunting Is Safer Than Bowling

Posted: 07 Dec 2011 06:32 AM PST

According to the National Shooting Sports Foundation, hunting with firearms is one of the safest recreational activities in America (here’s the press release and here’s the fact sheet with sources provided).  Based on the percentage of injuries per 100 participants, hunting with firearms (0.05%) is slightly safer than bowling (0.06%) or jogging (0.08%) and slightly less safe than billiards (0.02%), see chart above.   The organization also points out that compared to hunting a person … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Euro Consolidation Intact Ahead Of ECB Rate Decision, Euro-zone Summit

Posted: 07 Dec 2011 06:30 AM PST

Fundamental Headlines
• Dow Jones 14,000 Depends on Euro Crisis Resolution – Bloomberg
• For China, Stimulus seems to be the Hardest Word – Reuters
• France Vows Powerful Summit Deal – Reuters
• Germany Doubtful About Euro Meeting – WSJ
• Spain Weighing a Fast, Costly Cleanup of Banks – WSJ
European Session Summary
The consolidation continues. Instead of selling off in Asia and rebounding in Europe, the reverse held true earlier today, with Asian markets leading the rally … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – Euro Sinks Against Yen As EU Summit Doubts Grow

Posted: 07 Dec 2011 06:21 AM PST

Forexpros – The euro was lower against the yen on Wednesday, as doubts over whether European leaders can agree on measures to arrest the spread of the debt crisis in the euro zone at this week's key European Union summit weighed.

EUR/JPY hit 103.79 during European afternoon trade, the daily low; the pair subsequently consolidated at 103.81, shedding 0.35%.

The pair was likely to find support at 103.06, the low of November 28 and resistance at 104.51, the session high and a two-day … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Australia’s Growth Story

Posted: 07 Dec 2011 06:17 AM PST

The Australian economy has posted its second consecutive quarter of robust growth as the booming mining sector fueled a solid rise in business growth. Gross domestic product (GDP) inched up 1% in the September quarter, after a sequential upward rise of revised 1.4%. The economic growth of 2.5% was the fastest in four years backed by consumer spending and mining-driven investments.
Australia, one of the world's fastest growing resource-rich economies, is endowed with a dominant services sector … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Mechel Reports Work Suspension

Posted: 07 Dec 2011 06:06 AM PST

Russian mining company, Mechel OAO (NYSE:MTL) announced the suspension of work at its New-Olzherasskaya Underground mine, which is a part of Southern Kuzbass OAO, due to coal self-heating in the long wall.
New-Olzherasskaya Underground mine was commissioned on September 29, 2006 and produces coal of GZhO grade. Its coal reserves amount to 3 million tonnes and length is about 200 meters.
At present, the self-heating center is being isolated. The entire mine infrastructure – transport, ventilation … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stock Market News Briefs: Alpha Natural Resources, AutoZone, Darden Restaurants, Frontline Ltd., Peregrine Pharmaceuticals

Posted: 07 Dec 2011 06:00 AM PST

    Retailer and distributor of automobile parts Autozone (NYSE:AZO) posted Q1 EPS of $4.68 per share. Revenues for the quarter increased 7.4% year-over-year to come in at  $1.90 billion

    Debt-riddled oil-tanker owner Frontline Ltd (NYSE:FRO) said it will reshape itself in a deal involving a large commitment from one of its major stake holders Hemen Holding Ltd. Following the announcement,  share prices of the company gained 18.64%

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

A New Technology For Honeywell

Posted: 07 Dec 2011 05:50 AM PST

Honeywell International Inc. (NYSE:HON) has become the patent holder for the production of polyethylene waxes used in a variety of applications, from paints and coatings to adhesives and inks as well as a portfolio of manufacturing technology, after purchasing the rights from Evonik Industries.
Ziegler-Natta catalysts have been used in the purchased technology. Since 1956, these catalysts are being used for the production of polymers such as polyethylene. At present, many plastics and chemicals … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Cotton Slumps On Improving U.S. Crop, China Demand Fears

Posted: 07 Dec 2011 05:43 AM PST

Forexpros – Cotton futures declined on Wednesday, as improving U.S. cotton crop conditions and concerns over a slowdown in demand from top consumer China continued to weigh on prices.

On the ICE Futures U.S. Exchange, cotton futures for March delivery traded at USD0.9322 a pound during European afternoon trade, dropping 0.63%.

It earlier fell by as much as 0.98% to trade at a daily low of USD0.9289 a pound.

The U.S. Department of Agriculture said in its final crop progress report for the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Jacobs Heaps Contract Silo

Posted: 07 Dec 2011 05:35 AM PST

Jacobs Engineering Group Inc. (NYSE:JEC) has recently reported to win a series of contracts. The new client list includes Shell India Markets Private Limited, Marine Corps Services and a newly formed joint venture between Honeywell and Sinochem.
The contract from Shell India Markets Private Limited involves establishing an integrated organization with Shell Projects & Technology for its Project Design office in Bangalore, India. The new organization is expected to deliver a full range of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Lowe’s Retains Outlook

Posted: 07 Dec 2011 05:20 AM PST

"Never Stop Improving" – does Lowe's Companies Inc.'s (NYSE:LOW) new tagline help the company to build long-term confidence among its consumers?
The answer is "yes" as the company remains on track to develop innovative ideas to adapt to the ever changing demands and preferences of its consumers.
Moreover, Lowe's boasts a proven strategy of investing in stores to enhance customer-shopping experience by improving point-of-sale and directional signage while adding more product … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – Dollar Edges Higher As EU Summit Optimism Wanes

Posted: 07 Dec 2011 05:20 AM PST

Forexpros – The U.S. dollar edged higher against its major counterparts on Wednesday, as hopes that this week’s critical European Union summit would yield a breakthrough on resolving the region's debt crisis faded.

During European afternoon trade, the dollar was up against the euro, with EUR/USD sliding 0.19% to hit 1.3376.

Sentiment on the euro was dented after the Wall Street Journal reported that an unnamed senior German official expressed pessimism on the prospect of success at the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Dean Foods’ Risk-Reward Balances

Posted: 07 Dec 2011 05:06 AM PST

We have maintained our long-term 'Neutral' recommendation on Dean Foods Company (NYSE:DF) with a target price of $11.00 per share. Dean Foods is a leading processor and distributor of milk and other dairy products in the U.S. as well as a leading manufacturer of various specialty food products. The company operates primarily on a local basis, competing mostly with local and regional operators.
To muddle through the declining fluid milk processing profits due to increased money-offs on private … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

European Stocks Mixed Ahead Of Summit; DAX Down 0.15%

Posted: 07 Dec 2011 04:48 AM PST

Forexpros – European stock markets were mixed on Wednesday, as investor confidence slightly weakened amid growing uncertainty over the outcome of this week's crucial European Union summit.

During European afternoon trade, the EURO STOXX 50 fell 0.14%, France's CAC 40 rose 0.30%, while Germany's DAX 30 slipped 0.15%.

Investors were cautious after the Wall Street Journal reported that an unnamed senior German official expressed pessimism on the prospect of success at the two-day EU … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/USD Holds Gains Despite Weak U.K. Data

Posted: 07 Dec 2011 04:31 AM PST

Forexpros – The pound held modest gains against the U.S. dollar on Wednesday, as market sentiment was dented by uncertainty over the outcome of this week's critical European Union summit and despite weak U.K. manufacturing data.

GBP/USD hit 1.5638 during European early afternoon trade, the daily high; the pair subsequently consolidated at 1.5627, gaining 0.18%.

Cable was likely to find support at 1.5560, Tuesday's low and a four-day low and short-term resistance at 1.5663 Tuesday's … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Slides Amid Uncertainty Ahead Of Summit

Posted: 07 Dec 2011 03:59 AM PST

Forexpros – The euro erased gains against the U.S. dollar on Wednesday, amid uncertainty over the outcome of this week's European Union summit aimed at bringing about a resolution to the debt crisis in the euro zone.

EUR/USD pulled back from 1.3453, the pair's highest since Monday, to hit 1.3375 during European early afternoon trade, sliding 0.20%.

The pair was likely to find support at 1.3332, Tuesday's low and resistance at 1.3520, the high of December 1.

Sentiment on the euro was … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Wheat Drops For 3rd Day On Lower Demand For U.S. Supplies

Posted: 07 Dec 2011 03:41 AM PST

Forexpros – Wheat futures were down for third day on Wednesday, hovering close to a one-week low as increasing competition for U.S. wheat exports continued to weigh on market sentiment.

On the Chicago Mercantile Exchange, wheat futures for March delivery traded at USD6.0988 a bushel during European morning trade, shedding 0.51%.

It earlier fell by as much as 0.65% to trade at a daily low of USD6.0862 a bushel. Prices fell to a one-week low of USD6.0037 on Tuesday.

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

Forex – EUR/GBP Slips Lower Despite German Data

Posted: 07 Dec 2011 03:22 AM PST

Forexpros – The euro turned lower against the pound on Wednesday, shrugging off data showing that German industrial output rose more-than-expected in October, as concerns over the debt crisis in the region weighed.

EUR/GBP hit 0.8565 during European late morning trade, the daily low; the pair subsequently consolidated at 0.8563, shedding 0.30%.

The pair was likely to find support at 0.8532, the low of November 30 and resistance at 0.8612, the session high and a three-day high.

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

U.S. Futures Higher Amid E.Z. Optimism; Dow Jones Up 0.51%

Posted: 07 Dec 2011 03:16 AM PST

Forexpros – U.S. stock futures pointed to a higher open on Wednesday, as market sentiment recovered amid hopes that European leaders will agree this week on new plans to resolve the region's debt crisis.

Ahead of the open, the Dow Jones Industrial Average futures pointed to a rise of 0.51%, S&P 500 futures signaled a 0.54% advance, while the Nasdaq 100 futures indicated a 0.51% gain.

Later this week, European leaders are to discuss proposed changes to EU treaties which would allow for … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

German Industrial Production Rises More-than-expected

Posted: 07 Dec 2011 03:04 AM PST

Forexpros – Industrial production in Germany rose more-than-expected in October, rebounding after two consecutive months of declines, official data showed on Wednesday.

In a report, Destatis, Germany's federal statistical office said industrial production rose by a seasonally adjusted 0.8% in October, beating expectations for a gain of 0.3%.

September's figure was revised to a decline of 2.8% from a previously reported 2.7% drop.

Year-on-year, German industrial production rose at an … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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