DailyMarkets.com - Valspar Remains Neutral

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• Valspar Remains Neutral
• A Floater For Statoil’s Skrugard?
• More Generic Launches For Mylan
• New Advertisement Law Hits Airlines
• Eni Stays At Neutral
• Eni Stays At Neutral
• New Red Robin Unit In California
• Lessons Of Financial Amnesia
• Cemig To Increase Stake In Gasmig
• SP500 At 1,260 And Triple Index Performance In 2011
• Stocks Lower, S&P 500 Down For 2011
• Forex Trading: EURUSD Makes New December Lows, But Finds Some Profit Takers. Bears Remain In Control
• Forex Trading: USDCHF Extends To 61.8% Retracement Level.
• Forex – Dollar Rallies In Risk-off Trade, Euro Tumbles To 11-month Low
• Williams Partners Inks Delphi Deal
• Big Pharma: Industry Group With Upside Potential
• Natural Gas Trades Close To 27-month Low On Weather Outlook
• Gold Futures Tumble, Silver Plunges With Italian Debt In Focus
• Forex – GBP/USD Tumbles To 1-week Low In Thin Trade
• Forex – EUR/USD Drops Below 1.30 As EU Concerns Linger
• Oil Sees Another Gain As Euro Climbs
• Euro Steady On Italian Auction
• Stocks Start Mixed

Valspar Remains Neutral Posted: 28 Dec 2011 09:50 AM PST We maintain our Neutral recommendation on The Valspar Corporation (NYSE:VAL), the sixth largest paint and coatings manufacturer globally, having manufacturing operations throughout the world including the U.S., Europe and Asia. Valspar Corporation's net earnings moved to $0.84 per share in the fourth quarter of 2011 from last year's $0.56, while sales jumped 19.4% to $1.05 billion. Both EPS and sales exceeded the Zacks Consensus Estimates. The company is making good progress in restoring its … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

A Floater For Statoil’s Skrugard? Posted: 28 Dec 2011 09:35 AM PST Norway's Statoil ASA (NYSE:STO), along with its partners that include Italy's Eni SpA (NYSE:E), is mulling over its decision to develop the Skrugard discovery in the Barents Sea by using a floating production system. The new facility would help in the economic and rapid development of the prospect and thus establish a new field centre in the frontier Arctic region. The use of this new facility will increase the processing capacity and movement from other prospects in the vicinity. The unit will … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

More Generic Launches For Mylan Posted: 28 Dec 2011 09:25 AM PST Generic maker, Mylan Inc. (NYSE:MYL) received final approval from the US Food & Drug Administration (FDA) to launch its generic versions of Abbott Laboratories' (NYSE:ABT) hypertension tablets Teveten and UCB Pharma's (UCBJF) partial onset seizures medicine Keppra. Mylan was the first company to have filed abbreviated new drug applications (ANDAs) to market generic versions of these drugs. The early bird will thus enjoy a 180-day period of exclusivity. Mylan has begun shipments of both the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

New Advertisement Law Hits Airlines Posted: 28 Dec 2011 09:09 AM PST The airline industry is seemingly ending the year on a discordant note as rising fuel prices and capacity issues linger. To this has added the latest fare advertising regulations as announced by the U.S. Department of Transportation (DOT). As per the announcement, effective January 24, 2012, carriers would be required to incorporate all government taxes and surcharges while advertising the fees for their respective flights. For several years, carriers have been attracting customers by creating … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Eni Stays At Neutral Posted: 28 Dec 2011 09:00 AM PST We are maintaining our Neutral recommendation on Eni SpA (NYSE:E), reflecting its recent international endeavors, partially offset by the weak oil and gas fundamentals. Based in Rome, Italy, Eni SpA along with its consolidated subsidiaries is engaged in oil and gas, electricity generation, petrochemicals, oilfield services and engineering industries. The company is also involved in offshore and onshore hydrocarbon field construction.    In the third quarter of 2011, Eni performed … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Eni Stays At Neutral Posted: 28 Dec 2011 09:00 AM PST We are maintaining our Neutral recommendation on Eni SpA (NYSE:E), reflecting its recent international endeavors, partially offset by the weak oil and gas fundamentals. Based in Rome, Italy, Eni SpA along with its consolidated subsidiaries is engaged in oil and gas, electricity generation, petrochemicals, oilfield services and engineering industries. The company is also involved in offshore and onshore hydrocarbon field construction.    In the third quarter of 2011, Eni performed … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

New Red Robin Unit In California Posted: 28 Dec 2011 09:00 AM PST Red Robin Gourmet Burgers Inc. (NASDAQ:RRGB), a chain of casual dining restaurants, recently announced that it plans to open a new restaurant in Arcadia, California on January 9, 2012. Earlier, in July this year, the company opened a new restaurant in Lakewood, California. Currently, Red Robin has more than 72 locations in California. We believe that the core Californian market, which was badly hit during the housing downturn, has begun to turnaround. The gradual recovery in this market, which is … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Lessons Of Financial Amnesia Posted: 28 Dec 2011 08:26 AM PST We often hear that those who do not learn from history are doomed to repeat it. Does anybody in the audience contest those words of wisdom? Why do you think I hear from many former colleagues and other Wall Street insiders that we are very likely going to experience another economic crisis—or perhaps merely a prolonging of our current crisis—and accompanying significant market decline? My 'sense on cents' indicates to me that we will have more economic and market turmoil for the very … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Cemig To Increase Stake In Gasmig Posted: 28 Dec 2011 08:25 AM PST Companhia Energetica de Minas Gerais (NYSE:CIG), also known as CEMIG, recently announced that the company has received its Board of Directors’ approval for the acquisition of roughly 4.38% of total share capital of Companhia de Gás de Minas Gerais – Gasmig, from the State of Minas Gerais. As per the terms of the agreement, the company will acquire roughly 10.8 million common shares and 7.1 million of preferred shares of Gasmig. The total consideration payable to the State of Minas Gerais … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

SP500 At 1,260 And Triple Index Performance In 2011 Posted: 28 Dec 2011 08:24 AM PST What a year it's been! Unless there's a major surprise in the next few days, the S&P 500 will end 2011 right where it began the year – at the 1,260 price region making this a stagnant year despite two big volatile periods. Let's take a pre-end of year view of where the S&P 500's been, what major patterns developed, and why in the world 1,260 was so important all year long. As 2011 began, the Federal Reserve was in the middle of a second round of Quantitative Easing – an … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stocks Lower, S&P 500 Down For 2011 Posted: 28 Dec 2011 08:20 AM PST 12/28/11 US stocks edged lower as EU debt crisis worries permeate another light trading session. Despite the successful short-term Italian bond auction, EU banks deposited a record amount into the ECB’s deposit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD Makes New December Lows, But Finds Some Profit Takers. Bears Remain In Control Posted: 28 Dec 2011 08:19 AM PST The EURUSD has moved to new month lows at the 1.2945 level.  The price range has now extended to 137 pips for the day which is on par with the 20 day average range for the pair.  So although the range seems extreme, the extreme is only in relation to the last 4 or 5 days when ranges were in the 40 pip range for the pair.  With liquidity low, anything can still happen today. What I do know is that the buyers will have to prove they can push the price up from here. So … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: USDCHF Extends To 61.8% Retracement Level. Posted: 28 Dec 2011 08:19 AM PST The USDCHF has not been immune from the dollar buying today. Like some of the other pairs, the pair has been trading in narrow trading ranges over the last few days.  Then today, the price moved above the 100 and 200 hour MA (blue and green lines in the chart above), the upper channel trendline and the 38.2% retracement level and the buying began. Now the price is testing the 61.8 retracement at the 0.9429 level and finding some profit taking as London/Europe look to exit for the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – Dollar Rallies In Risk-off Trade, Euro Tumbles To 11-month Low Posted: 28 Dec 2011 08:11 AM PST Forexpros – The U.S. dollar was broadly higher against its major counterparts in thin year-end trade on Wednesday, with the euro tumbling to an 11-month low after a successful Italian bond auction failed to ease concerns over the debt crisis in the euro zone ahead of a ten-year debt sale on Thursday. Trading volumes remained light following the Christmas break, as many traders have closed books before the end of the year, reducing liquidity in the market and increasing volatility. During … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Williams Partners Inks Delphi Deal Posted: 28 Dec 2011 08:05 AM PST Williams Partners L.P. (NYSE:WPZ) recently struck a deal with private equity firm Delphi Midstream Partners, LLC to buy its Laser Northeast Gathering System and other midstream businesses. Williams Partners will shell out approximately $750 million for the acquisition, funded by $300 million in cash and approximately 7.5 million of common units. The to-be acquired asset Laser Gathering System includes 33 miles long 16-inch natural gas pipeline and related gathering facilities in Susquehanna … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Big Pharma: Industry Group With Upside Potential Posted: 28 Dec 2011 08:00 AM PST While market direction and momentum trumps everything else, the Industry Group in which a stock belongs ranks second in importance.  A subscriber to Instant Alerts last week brought to my attention a stock that, on further research is in an … Continue reading … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Natural Gas Trades Close To 27-month Low On Weather Outlook Posted: 28 Dec 2011 07:54 AM PST Forexpros – Natural gas prices declined in thin trade on Wednesday, re-approaching the lowest level since September 2009 as forecasts for colder-than-normal winter weather in the U.S. next week appeared to be short-lived. On the New York Mercantile Exchange, natural gas futures for February delivery traded at USD3.116 per million British thermal units during U.S. morning trade, tumbling 1.06%. It earlier fell by as much as 1.5% to trade at USD3.106 per million British thermal units, the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Gold Futures Tumble, Silver Plunges With Italian Debt In Focus Posted: 28 Dec 2011 07:38 AM PST Forexpros – Gold futures extended losses in thin post-holiday trade on Wednesday, falling to a two-week low as investors were reluctant to open new positions before the new year amid lingering concerns over the euro zone's debt crisis. On the Comex division of the New York Mercantile Exchange, gold futures for February delivery traded at USD1,571.45 a troy ounce during U.S. morning trade, tumbling 1.5%. It earlier fell by as much as 1.55% to trade at USD1,571.15 a troy ounce, the lowest … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/USD Tumbles To 1-week Low In Thin Trade Posted: 28 Dec 2011 07:26 AM PST Forexpros – The pound was down sharply against the U.S. dollar on Wednesday, as selling in thin trade conditions resulted in exaggerated moves to the downside amid ongoing concerns over the debt crisis in the euro zone. GBP/USD hit 1.5492 during U.S. morning trade, the lowest since December 20; the pair subsequently consolidated at 1.5496, tumbling 1.11%. Cable was likely to find support at 1.5464, the low of December 19 and resistance at 1.5700, the previous day's high. With most … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Drops Below 1.30 As EU Concerns Linger Posted: 28 Dec 2011 07:16 AM PST Forexpros – The broadly weaker euro declined against the U.S. dollar in thin post-holiday trade on Wednesday, falling below the key psychological level of 1.30 as lingering fears over the euro zone's debt crisis continued to dampen sentiment on the single currency. EUR/USD hit 1.2968 during U.S. morning trade, the lowest since December 15; the pair subsequently consolidated at 1.2989, dropping 0.62%. The pair was likely to find support at 1.2945, the low of December 14 and an 11-month low … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Oil Sees Another Gain As Euro Climbs Posted: 28 Dec 2011 07:15 AM PST 12/28/11 Front month crude continued to climb this session, trading above $101 a barrel, as the euro remained firm against the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Euro Steady On Italian Auction Posted: 28 Dec 2011 02:00 AM PST 12/28/11 The euro currency has remained slightly stronger against the dollar once again this morning following a successful Italian debt auction that saw strong … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stocks Start Mixed Posted: 28 Dec 2011 01:15 AM PST 12/28/11 NYFP’s Opening Bell Report: Global stocks were trading mixed this session following poor Japanese data, a successful Italian bond auction, and reports of job cuts for Morgan … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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