DailyMarkets.com - Commerce Bancshares Stays Neutral
DailyMarkets.com - Commerce Bancshares Stays Neutral |
- Commerce Bancshares Stays Neutral
- Brightpoint Upgraded To Outperform
- MoneyGram Slips To Neutral
- Cutera Buys IRIDEX’s Aesthetic Biz
- Forex Trading: EURUSD Keeps The Better Tone After Early NY Fall, But Remains Contained
- Forex Trading: GBPUSD Finds Support Off Trendline(s)
- Forex Trading: EURUSD Keeps To The Topside Of The Range/above Friday Close
- Forex Trading: USDJPY Trying, Trying, Trying To Push Higher…
- Netflix Debuts In UK, Ireland
- Stock Market News Briefs: Alcoa, Best Buy Co., RF Micro Devices, Transocean, ViroPharma Incorporated
- UCB’s Vimpat Continues To Impress
- Apple Wins In Italy
- Chrysler To Hire For Detroit
- 2012: A Silver Lining For The U.S. Office Market?
- DOW Joins Forces With HON Unit
- Tesoro Foresees Fourth Quarter Loss
- Covidien Wraps Up BARRX Buy
- Twin Deals For Jacobs Eng.
- Arrow’s Neutral Rating Reiterated
- American Eagle’s Holiday Comps Up
- Noble Still At Neutral
- Shoe Carnival Trims Outlook
- Wall Street Little Changed Ahead Of Alcoa
- Golden Crosses Are Necessary But Insufficient
- Forex – Dollar Remains Lower After Euro Talks, Hildebrand Resignation
- Natural Gas Tumbles As U.S. East Coast To Remain Warm This Week
- Forex – GBP/USD Holds Gains After Merkel-Sarkozy Talks
- Forex – EUR/USD Trims Gains As Investors Remain Cautious
- Gold Futures Inch Higher After Franco-German Talks
- New Week, Same Story As Crude Stays Steady
- Swiss Pairs Volatile After SNB President Resigns Amid Scandal
- U.S. Stocks Edge Higher On New E.Z. Hopes; Dow Jones Up 0.02%
- Crude Oil Fluctuates With EU Concerns, Iran Fears In Focus
- Forex – USD/CAD Lower As Market Sentiment Improves
- Markets Modestly Lower On Merkel/Sarkozy Meeting
- Forex – EUR/CHF Hits Multi-month Low After SNB’s Hildebrand Resigns
- Forex – EUR/JPY Clings To Gains After Berlin Meeting
| Commerce Bancshares Stays Neutral Posted: 09 Jan 2012 10:06 AM PST We reiterate our long-term "Neutral" recommendation on Commerce Bancshares Inc. (NASDAQ:CBSH) after a thorough review of its third-quarter 2011 earnings results. The recommendation is also based on its stable capital ratios and excellent liquidity position.
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| Brightpoint Upgraded To Outperform Posted: 09 Jan 2012 09:50 AM PST We upgrade our recommendation on Brightpoint Inc. (NASDAQ:CELL) to Outperform based on the fact that the galloping demand for high-end smartphones and tablets throughout the world will drive the company's valuation level higher in the near future. We believe the long-term business prospect of Brightpoint remains intriguing buoyed by the growing demand for high-end pocket digital assistances globally. Newly owned distribution contracts coupled with effective cost control strategies are likely to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 09 Jan 2012 09:40 AM PST We have downgraded our recommendation on MoneyGram International Inc. (NYSE:MGI) to Neutral based on the current sustainability factor. The company reported third-quarter 2011 earnings of 3 cents per share, in line with the Zacks Consensus Estimate but significantly higher than the loss of 30 cents per share in the year-ago quarter.
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| Cutera Buys IRIDEX’s Aesthetic Biz Posted: 09 Jan 2012 09:30 AM PST Medical devices maker Cutera Inc (NASDAQ:CUTR) recently cut an asset purchase deal with California-based laser systems and delivery devices maker IRIDEX Corporation (NASDAQ:IRIX). Under the deal, Cutera has agreed to acquire specific aesthetic laser assets of IRIDEX for roughly $5.1 million.
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| Forex Trading: EURUSD Keeps The Better Tone After Early NY Fall, But Remains Contained Posted: 09 Jan 2012 09:22 AM PST The EURUSD fell in early NY trade. Comments from Sarkozy and Merkel reminded the market of the Greek situation but after a fall to the midpoint of the days range (and the close from Friday at 1.2720) the buyers came back in the market. The price is above the corrective channel but has been stalling in front of earlier day highs. On the hourly, the price is still well below the 38.2% of the last week trend move lower at the 1.28221 level. The high today moved … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex Trading: GBPUSD Finds Support Off Trendline(s) Posted: 09 Jan 2012 09:22 AM PST The GBPUSD has moved up to the resistance area at the 1.5466 level earlier today ( low are from January 2nd and January 5th) and fell. However, the market ran into support from the close from Friday, the upward sloping trendline the underside of the downward sloping trendline on the hourly chart. That support comes in between 1.5422 and 1.5426 . The low did reach 1.5420 but was quickly rejected.
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| Forex Trading: EURUSD Keeps To The Topside Of The Range/above Friday Close Posted: 09 Jan 2012 09:22 AM PST The support held. Now the price is moving toward the intraday resistance at 1.2752. The 100 bar MA (flattening) and the trendline come in at the level. Should we see sellers against this level? Good chance. Risk can be defined and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex Trading: USDJPY Trying, Trying, Trying To Push Higher… Posted: 09 Jan 2012 09:22 AM PST ..but the 76.88 level needs to be broken and momentum needs to be developed. The 76.88 level is where the 100 hour MA (blue line) comes in and was the 61.8% level broken on the way down from the January 6th high. Is the USDJPY on sale here and a buy, or is it just breathing before moving back down? The market will need to decide and this is the level to make the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 09 Jan 2012 09:11 AM PST Netflix Inc.'s (NASDAQ:NFLX) much awaited international project finally shaped up as it launched its unlimited online streaming services in UK and Ireland on Monday. Netflix with its monthly subscription rate of 5.99 Pounds Sterling in the UK and euro 6.99 in Ireland will likely give the present video streaming providers in these markets a tough competition. Netflix subscribers in the region can log in to Netflix.com through any internet-connected devices and avail the services.
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| Stock Market News Briefs: Alcoa, Best Buy Co., RF Micro Devices, Transocean, ViroPharma Incorporated Posted: 09 Jan 2012 09:11 AM PST
After RF Micro Devices Inc. (NASDAQ:RFMD) suggested that its fiscal third quarter revenues might fail to meet analyst' estimates, its shares declined 19.5% on Friday Following Transocean Ltd.'s (NYSE:RIG) announcement that its chief financial officer Ricardo Rosa will be stepping down, shares of the company slipped 1.1% Shares of Alcoa, Inc. (NYSE:AA) dropped 2.1% after the company announced plans to shut down or reduce 12% of its … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| UCB’s Vimpat Continues To Impress Posted: 09 Jan 2012 09:11 AM PST UCB (UCBJF) recently reported positive top-line data from a mid-stage study on its antiepileptic drug Vimpat (lacosamide). The study was conducted to assess the safety of the drug when used as an adjunctive therapy for uncontrolled primary generalized tonic-clonic (PGTC) seizures in patients with idiopathic generalized epilepsy (IGE).
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| Posted: 09 Jan 2012 09:11 AM PST Apple Inc. (AAPL) recently scored another legal victory over its arch rival Samsung Electronics Co., after a Milan court rejected the Korean company's bid to ban the iPhone 4S sales in Italy. Apple seemed to be having a favourable run as this is Apple's second victory in consecutive months. Just last month, Samsung had failed to block iPhone 4S sales in France.
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| Posted: 09 Jan 2012 09:11 AM PST Chrysler Group LLC – controlled by Italy's Fiat SpA (FIATY) – plans to add 1,250 jobs at its two Detroit plants next year in order to manufacture new vehicle models. Among them, 1,100 will be added to the company's Jefferson North Assembly Plant and the rest to the Conner Avenue plant, which will be reopened later this year.
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| 2012: A Silver Lining For The U.S. Office Market? Posted: 09 Jan 2012 09:11 AM PST According to the latest report published by Jones Lang LaSalle Incorporated (NYSE:JLL), a leading real estate investment trust (REIT), the U.S. office sector witnessed a spurt in market fundamentals in fourth quarter 2011 with a significant positive absorption and increase in occupancy and rents, although the performance remained relatively dispersed by both geographical location and market types.
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| DOW Joins Forces With HON Unit Posted: 09 Jan 2012 09:11 AM PST The Dow Chemical Company (NYSE:DOW) is joining forces with UOP LLC, a subsidiary of Honeywell International Inc. (HON), to produce propylene at its petrochemical facility in Texas.
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| Tesoro Foresees Fourth Quarter Loss Posted: 09 Jan 2012 09:11 AM PST Independent refiner Tesoro Corporation (NYSE:TSO) expects to witness net loss per diluted share in the fourth quarter 2011, bruised by a low margin environment in California along with the weakening crude oil spread.
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| Posted: 09 Jan 2012 09:11 AM PST Health care major Covidien (NYSE:COV) has completed its takeover of California-based privately held BARRX Medical for roughly $325 million. The Ireland-based company forged a definitive deal to acquire all the outstanding shares of BARRX Medical in November 2011. The agreement also calls for future milestone payments.
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| Posted: 09 Jan 2012 09:10 AM PST Jacobs Engineering Group Inc. (NYSE:JEC) recently won a contract from IDEA Soda Ash and Calcium Chloride Company (ISACC) and another from Defense Information Systems Agency/Defense Information Technology Contracting Organization (DISA/DITCO) organization at Scott Air Force Base, Ill.
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| Arrow’s Neutral Rating Reiterated Posted: 09 Jan 2012 09:10 AM PST We retain our Neutral recommendation on Arrow Electronics (NYSE:ARW).
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| American Eagle’s Holiday Comps Up Posted: 09 Jan 2012 09:10 AM PST Clothing retailer American Eagle Outfitters Inc. (NYSE:AEO) achieved robust same store results for the holiday shopping season between November and December. The company's comparable store sales for the two month period ended December 31, 2011, rose 12% as shoppers responded favorably to the company's assortments and promotional events. This compares to a 7% decrease recorded in the year-ago period.
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| Posted: 09 Jan 2012 09:10 AM PST We continue to remain Neutral on Noble Corp. (NYSE:NE) – a provider of diversified services for the oil and gas industry – for the long term.
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| Posted: 09 Jan 2012 09:10 AM PST Shoe Carnival Inc. (NASDAQ:SCVL) a retailer of family footwear in the United States, recently trimmed its outlook for the fourth quarter of 2011, as warm weather conditions adversely affected the demand for boots, particularly the women's category. On a comparable basis, the sale of boots dipped 15% in the fourth quarter compared with a double digit rise in the year ago period.
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| Wall Street Little Changed Ahead Of Alcoa Posted: 09 Jan 2012 08:10 AM PST 01/09/12 US stocks hovered close to the flat line, as focus remained on the EU. Earnings season kicks off with Alcoa reporting after the closing … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Golden Crosses Are Necessary But Insufficient Posted: 09 Jan 2012 07:56 AM PST An event occurred last week that was pretty much under most investors' radar screen; it was a Golden Cross in the DJ-30 Index. If you don't know what Golden and Black Crosses are, you should take a look at this … Continue reading … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – Dollar Remains Lower After Euro Talks, Hildebrand Resignation Posted: 09 Jan 2012 07:52 AM PST Forexpros – The U.S. dollar remained modestly lower against its major counterparts on Monday, as concerns over the sovereign debt crisis in the euro zone eased somewhat and markets digested news of Philippe Hildebrand's resignation from his post as chairman of the Swiss National Bank. During U.S. morning trade, the dollar was lower against the euro, with EUR/USD easing up 0.09% to hit 1.2732. Earlier in the day, German Chancellor Angela Merkel and French President Nicolas Sarkozy met to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Natural Gas Tumbles As U.S. East Coast To Remain Warm This Week Posted: 09 Jan 2012 07:52 AM PST Forexpros – Natural gas prices were down sharply on Monday, trading close to a 28-month low as sentiment on the heating fuel was dampened after forecasts called for warmer-than-normal weather across the U.S. east coast in the coming week. On the New York Mercantile Exchange, natural gas futures for February delivery traded at USD3.001 per million British thermal units during U.S. morning trade, tumbling 1.99%. It earlier fell by as much as 2.2% to trade at a session low USD2.978 per million … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – GBP/USD Holds Gains After Merkel-Sarkozy Talks Posted: 09 Jan 2012 07:43 AM PST Forexpros – The pound held gains against the U.S. dollar on Monday, as market sentiment slightly improved after a positive meeting between French and German leaders on tighter fiscal coordination in the euro zone. GBP/USD hit 1.5470 during U.S. morning trade, the daily high; the pair subsequently consolidated at 1.5456, adding 0.19%. Cable was likely to find support at 1.5361, the low of December 29 and resistance at 1.5525, the high of January 6. After meeting with French President … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – EUR/USD Trims Gains As Investors Remain Cautious Posted: 09 Jan 2012 07:33 AM PST Forexpros – The euro trimmed gains against the U.S. dollar on Monday, as concerns over the ongoing sovereign debt crisis in the euro zone eased but investors remained jittery following a meeting between the leaders of France and Germany. EUR/USD pulled back from 1.2785, the daily high, to hit 1.2744 during early U.S. trade, still up 0.20% on the day. The pair was likely to find support at 1.2667, the session low and short-term resistance at 1.2812, Friday's high. Earlier in the day, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Gold Futures Inch Higher After Franco-German Talks Posted: 09 Jan 2012 07:24 AM PST Forexpros – Gold futures were modestly higher on Monday, as the euro recovered against the U.S. dollar after French President Nicolas Sarkozy and German Chancellor Angela Merkel met to discuss ways to increase fiscal coordination within the single currency area. On the Comex division of the New York Mercantile Exchange, gold futures for February delivery traded at USD1,619.95 a troy ounce during U.S. morning trade, easing up 0.19%. It earlier rose by as much as 0.48% to trade at a session … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| New Week, Same Story As Crude Stays Steady Posted: 09 Jan 2012 02:00 AM PST 01/09/12 Front month crude prices remained above $101 a barrel to start the week as the dollar saw a slight decline against the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Swiss Pairs Volatile After SNB President Resigns Amid Scandal Posted: 09 Jan 2012 07:00 AM PST Fundamental Headlines
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| U.S. Stocks Edge Higher On New E.Z. Hopes; Dow Jones Up 0.02% Posted: 09 Jan 2012 06:52 AM PST Forexpros – U.S. stocks were moderately higher on Monday, after French President Nicolas Sarkozy and German Chancellor Angela Merkel met to discuss ways to increase fiscal coordination within the single currency area. During early U.S. trade, the Dow Jones Industrial Average eased up 0.02%, the S&P 500 index advanced 0.03%, while the Nasdaq Composite index added 0.02%. After meeting with French President Nicolas Sarkozy in Berlin earlier, German Chancellor Angela Merkel said she was … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Crude Oil Fluctuates With EU Concerns, Iran Fears In Focus Posted: 09 Jan 2012 06:46 AM PST Forexpros – Crude oil futures fluctuated between gains and losses in choppy trade on Monday, as traders continued to monitor tensions between Iran and the U.S. as well as developments surrounding the euro zone's ongoing debt crisis. On the New York Mercantile Exchange, light, sweet crude futures for delivery in February traded at USD101.72 a barrel during early U.S. morning trade, easing up 0.15%. The February contract traded in a range between USD102.14 a barrel, the daily high and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – USD/CAD Lower As Market Sentiment Improves Posted: 09 Jan 2012 06:32 AM PST Forexpros – The U.S. dollar fell against its Canadian counterpart on Monday, erasing earlier gains as market sentiment improved after a meeting of French and German leaders on tighter fiscal policy in the euro zone. USD/CAD hit 1.0254 during early U.S. trade, the daily low; the pair subsequently consolidated at 1.0261, shedding 0.22%. The pair was likely to find support at 1.0208, the low of December 21 and resistance at 1.0308, the day's high. After meeting with French President Nicolas … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Markets Modestly Lower On Merkel/Sarkozy Meeting Posted: 09 Jan 2012 01:15 AM PST 01/09/12 Global equities were trading modestly lower this morning against its major counterparts as investors await the results of the meeting between German Chancellor Angela Merkel and French President Nicholas … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – EUR/CHF Hits Multi-month Low After SNB’s Hildebrand Resigns Posted: 09 Jan 2012 06:09 AM PST Forexpros – The euro dropped against the Swiss franc on Monday, falling to a three-and-a-half month low, following an announcement by the Swiss National Bank that Chairman Philipp Hildebrand had resigned with immediate effect. EUR/CHF hit 1.2108 during European afternoon trade, the pair's lowest since September 20; the pair subsequently consolidated at 1.2135, shedding 0.11%. The pair was likely to find support at 1.2107, the session low and resistance at 1.2161, the session high. The … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – EUR/JPY Clings To Gains After Berlin Meeting Posted: 09 Jan 2012 06:00 AM PST Forexpros – The euro clung to gains against the yen on Monday, hovering just above an eleven-month low after French and German leaders met to advance discussions on tighter fiscal coordination in the euro zone. EUR/JPY hit 98.25 during European afternoon trade, the daily high; the pair subsequently consolidated at 98, adding 0.12%. The pair was likely to find support at 98.00 and resistance at 98.84, the high of January 6. After meeting with French President Nicolas Sarkozy in Berlin … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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