Monday, January 23, 2012

DailyMarkets.com - Quality Systems Chosen By IASIS

DailyMarkets.com - Quality Systems Chosen By IASIS


Quality Systems Chosen By IASIS

Posted: 23 Jan 2012 11:50 AM PST

NextGen Healthcare Information Systems, a fully owned subsidiary of Quality Systems (NASDAQ:QSII) and a leading provider of Electronic Health Record ("EHR") and healthcare IT offerings, recently disclosed that it has inked a deal with IASIS Healthcare LLC for the installation of NextGen Practice Management and its revenue cycle management product, NextGen Practice Solutions. Under the terms of the deal, IASIS will utilize services provided by NextGen at its 19 hospitals located in 7 states. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Positive CHMP Rec For Merck’s Remicade

Posted: 23 Jan 2012 11:35 AM PST

Merck (NYSE:MRK) recently announced that its biologic drug, Remicade, received a positive opinion from the European Medicines Agency's (EMA) Committee for Medicinal Products for Human Use (CHMP) for the treatment of severely active ulcerative colitis (UC) in pediatric patients (ages 6 to 17 years).
The CHMP recommended the use of Remicade in pediatric patients who have not responded sufficiently to conventional therapy, including corticosteroids and 6-mercaptopurine or azathioprine, or who are … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Regency To Underperform

Posted: 23 Jan 2012 11:20 AM PST

We have recently downgraded our recommendation on Regency Centers Corp. (NYSE:REG), a leading operator and developer of grocery-anchored and community shopping centers across the U.S., from Neutral to Underperform as we anticipate it to perform well below the broader market.
Jacksonville, Florida-based Regency owns, operates, and develops grocery-anchored retail shopping centers in the U.S. The company seeks to own assets in high-income in-fill markets that are tenanted by market-dominant grocers, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Earnings Preview: Stryker

Posted: 23 Jan 2012 11:05 AM PST

Orthopedic major Stryker Corporation (NYSE:SYK) is slated to report its fourth quarter and fiscal 2011 results after the closing bell on Tuesday, January 24. The Michigan-based company announced, on January 10, preliminary sales data for the quarter and the fiscal.
Per the pre-announced results, revenues for the fourth quarter jumped 11% year over year to $2.2 billion. For the full year, sales soared 13.5% to $8.3 billion. The results were essentially in line with the Zacks Consensus … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Pelangio’s High Grade Discoveries Will Bolster Resource Estimate Expected In 3Q

Posted: 23 Jan 2012 10:50 AM PST

Pelangio's high grade discoveries will bolster resource estimate expected in 3Q
Steven Ralston, CFA

Pelangio Exploration (PX.V: TSX-V, V.PX, and PGXPF: OTC) is a junior gold exploration company currently proceeding with a second phase drilling program at the company's Manfo property in Ghana. The program has now been increased to 40,000 meters. In addition, last week, Pelangio announced the results from seven additional diamond drill holes, which totaled 1,574 meters.

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


St. Joe Reverted To Neutral

Posted: 23 Jan 2012 10:50 AM PST

We have recently lowered the long-term recommendation for The St. Joe Company (NYSE:JOE), a publicly held real estate company, from 'Outperform' to 'Neutral' as we anticipate it to perform in line with the broader market.
Based in Jacksonville, Florida, St. Joe is one of the largest real estate developers of Northwest Florida. Over the years, the company has developed successful residential and commercial projects and related infrastructure, which in turn has attracted regional and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Monday Links

Posted: 23 Jan 2012 10:45 AM PST

1. Want the Lowest Possible Airfare? Buy your ticket six weeks before your flight according to a recent study.

2. In one of the starkest signs yet that chain stores fear a new twist in shopping, Target is asking suppliers for help in thwarting “showrooming”—that is, when shoppers come into a store to see a product in person, only to buy it from a rival online, frequently at a lower price.

3. Aspen judge sentences 76-year old man to jail for 15 days for operating an unlicensed taxi … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Earnings Preview: Johnson & Johnson

Posted: 23 Jan 2012 10:40 AM PST

Johnson & Johnson (NYSE:JNJ) is slated to report its fourth quarter and full year 2011 earnings on January 24, 2012 before the opening bell. The current Zacks Consensus Estimate for the fourth quarter is $1.10 per share, representing a year-over-year increase of 6.36%. Full year earnings are expected to be $4.97 per share, up 4.4%.
Johnson & Johnson has surpassed earnings estimates in three of the last four quarters and reported in line with the Zacks Consensus Estimate in the final … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Arrow Acquires TechTurn

Posted: 23 Jan 2012 10:32 AM PST

Arrow Electronics, Inc. (NYSE:ARW) recently announced its decision to acquire TechTurn, Ltd. to proliferate and further diversify its current horizon of technology services as well as enhance its core business services. The acquisition, subject to regulatory ratification, is expected to close within 45 days of announcement date.
Headquartered in Austin, Texas, TechTurn is an electronic asset disposition (EAD) services provider which possesses a broad portfolio catering to technology recovery, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Guilfoyle: “FOMC…no Change At This Time”

Posted: 23 Jan 2012 10:30 AM PST

01/23/12 Meridian Equity Partners’ Stephen Guilfoyle discusses this week’s key events: expectations for the FOMC rate decision and US Q4 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Earnings Picture: Light Results & Net Income

Posted: 23 Jan 2012 10:10 AM PST

The Earnings Picture

Third quarter earnings season was a good one, unfortunately we may not be able to say the same about the fourth quarter. While it is still too early to draw any firm conclusions — only 70 firms of the S&P 500 (14.0%) have reported — the median surprise is 1.80% and the surprise ratio is just 1.86. However, assuming that all the remaining firms report exactly in line with expectations, then 22.7% of all earnings are in. Normally, when all is said and done, the median … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Watson’s Drug Fails To Get Support

Posted: 23 Jan 2012 10:10 AM PST

Watson Pharmaceuticals Inc. (NYSE:WPI) and Columbia Laboratories Inc. (NASDAQ:CBRX) recently announced that the US Food and Drug Administration's (FDA) advisory committee recommended against the approval of progesterone vaginal gel 8%. The companies had filed for the US approval of the gel in June 2011 for the reduction of risk of preterm birth in women with short uterine cervical length at the mid-trimester of pregnancy.
The committee agreed that progesterone gel was safe but said that it needed … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Earnings Preview: McDonald’s

Posted: 23 Jan 2012 09:57 AM PST

McDonald's Corp. (NYSE:MCD) is slated to release its fourth-quarter and fiscal 2011 results on January 24, before the opening bell. The current Zacks Consensus Estimate for the fourth quarter is $1.29 per share on revenue of $6.82 billion.  For 2011, the Zacks Consensus Estimates of earnings and revenue are $5.23 and $27.0 billion, respectively.
The current Zacks Consensus Estimates for the fourth quarter and fiscal 2011 reflect a year-over-year growth of 12.17% and 14.01%, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Will Principal Reduction Save Housing?

Posted: 23 Jan 2012 09:53 AM PST

While Washington has thrown everything and the kitchen sink to support our banking system and our economy over the last few years, Washington has been unable to prop up our housing market.
What do many in Washington and elsewhere believe needs to be done on the housing front? 
One does not need to look too far or listen too hard to read the signals emanating from Washington in regard to support for a mortgage principal reduction plan.
The recently released White Paper from the Federal … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Home Depot On Neutral List

Posted: 23 Jan 2012 09:35 AM PST

The world's largest home improvement retailer, Home Depot Inc. (NYSE:HD), remains on our "Neutral" list despite a strong quarterly performance in the third quarter of 2011 and a raised projection for fiscal 2011.
In the third quarter, Home Depot reported earnings of 60 cents per share, above the Zacks Consensus Estimate of 59 cents and surged 17.6% from the prior period, on the heels of solid comparable sales growth, enhanced market share along with effective cost management.
By … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex Trading: USDJPY Moves Toward Support

Posted: 23 Jan 2012 09:21 AM PST

The USDJPY has rotated back lower with the price approaching the 50% of the move higher last week (at 76.93) and the 100 and 200 hour MA at the 76.91 and 76.86 levels respectively.  The market broke to the upside last week, moving above the 100 and 200 hour MAs, but started to lose momentum on Friday when the dollar got sold across the board.  The closing level on Friday was 76.96.  The price is now back below that level.  A move below the support opens the door for further … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex Trading: USDCAD Bounces Off The 1.0051 Support Area

Posted: 23 Jan 2012 09:21 AM PST

The low in the beginning of November came in at 1.0053. The low in December came in at 1.0050. The low today touched 1.0051.  The price bounced off this floor as profit takers entered.   Does it change the bias?  The 5 minute chart below is showing that the momentum down is fading. The price has moved above the accelerated trend channel and held the trendline on the correction. THe 38.2% of the last leg down at the 1.0084 is the next target as is the 100 bar MA  at … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex Trading: EURUSD Inches Higher. Looking To Rotate Into A Correction

Posted: 23 Jan 2012 09:21 AM PST

The EURUSD is trying to once again rotate lower but the fall is still quite shallow. The price is testing the 8 AM NY high at 1.3029 and sellers need to at the very least overtake buyers and sell below this level to have a chance. If they cannot, look for the rotation back higher in the pair as sellers get frustrated with the lack of momentum.
A move below the 1.3029 level will look toward the 1.3016 level (underside of the trendline) , and below that the 1.3007 and below that the 100 bar MA … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


European Setback For Allos

Posted: 23 Jan 2012 09:20 AM PST

Allos Therapeutics Inc. (NASDAQ:ALTH) suffered a setback when the Committee for Medicinal Products for Human Use (CHMP) of the European Medicines Agency (EMA) did not recommend the conditional approval of Allos' sole marketed product Folotyn (pralatrexate injection). Allos is looking to get Folotyn approved in the EU for treating patients suffering from peripheral T-cell lymphoma (PTCL) whose disease progressed after at least one prior systemic therapy.
The European marketing authorisation … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Online Poll Shows Strong Approval For Gov. Walker

Posted: 23 Jan 2012 09:17 AM PST

The chart above shows the current results of an online poll being conducted by the liberal-leaning Racine (WI) Journal Times for the question “Do You Approve of the Job Gov. Walker is Doing?” Based on almost 900,000 votes so far, there is more than a two-to-one margin for “strongly approve” over “strongly disapprove.”

You can vote here, and then you’ll see the results.

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


Galena Biopharma Initiates Phase III PRESENT Trial Of NeuVax Ahead Of Schedule

Posted: 23 Jan 2012 09:10 AM PST

Galena Biopharma Initiates Phase III PRESENT Trial Of NeuVax Ahead of Schedule
Grant Zeng, CFA

On Jan. 20, 2012, Galena Biopharma, Inc. (GALE) announced the initiation of its Phase III PRESENT trial for NeuVax (E75 peptide plus GM-CSF) vaccine in HER2 1+ and 2+ breast cancer patients in the adjuvant setting to prevent recurrence.

The PRESENT (Prevention of Recurrence in Early-Stage, Node-Positive Breast Cancer with Low to Intermediate HER2 Expression with NeuVax Treatment) study is a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


TSS Inks Deal With BancorpSouth

Posted: 23 Jan 2012 09:05 AM PST

Last week, Total System Services Inc. (NYSE:TSS) announced a strategic long-term deal with the U.S.-based retail banker BancorpSouth to offer card payment solutions. However, other terms of the deal were not divulged.
Accordingly, Total System will now process the debit and credit card portfolios of BancorpSouth. The company will begin the card payment solutions early this year. The bank already provides retail banking services that include issuance of credit cards along with services related to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Apache To Acquire Cordillera

Posted: 23 Jan 2012 08:58 AM PST

Independent oil and gas firm Apache Corporation (NYSE:APA) announced plans to take over Denver, Colorado-based energy company Cordillera Energy Partners III LLC. The expected acquisition will cost Apache approximately $2.85 billion. Apache intends to pay the required amount through a combination of common stock worth $600 million and the remaining in cash that will be funded by debt.
With this deal, Apache will gain access to Cordillera's estimated proved reserves of 71.5 million barrels of oil … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Alnylam To Cut 33% Jobs

Posted: 23 Jan 2012 08:35 AM PST

Alnylam Pharmaceuticals, Inc. (NASDAQ:ALNY) recently announced a restructuring plan which included the layoff of almost one third of its workforce. Alylam arrived at this difficult decision because it wanted to focus on its pipeline candidates with the maximum potential.
The proposed restructuring is expected to slash cash operating expenses by $20 million in 2012 as against a one-time restructuring cost of $4 million which will be recorded in the first quarter of this year.
Alnylam, which currently … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Bank Of Israel Cuts Interest Rate 25bps To 2.50%

Posted: 23 Jan 2012 08:26 AM PST

The Bank of Israel cut its benchmark interest by 25 basis points to 2.50% from 2.75% previously.  The Bank said “The decision to cut the interest rate to 2.5 percent for February is consistent with the interest rate policy aimed at keeping inflation within the price stability target range and is intended to support real economic activity, against the background of the slowdown in global demand.”

Previously the Bank paused, after cutting its monetary policy interest … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Earnings Preview: LSI Corporation

Posted: 23 Jan 2012 08:20 AM PST

Earnings estimates for LSI Corporation (NYSE:LSI) have been more or less static ahead of the company's fourth quarter results, expected on January 25, 2012.
Meanwhile, although third quarter results for LSI Corp. beat expectations, guidance for the fourth quarter was below expectations due to supply constraints in the Hard Disk Drive (HDD) business. LSI Corporation expects revenues between $500 million and $550 million in the fourth quarter of 2011. The guidance assumes that approximately $35 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Will Current Weak Gasoline Demand Eventually Lead To Higher Prices In The Future?

Posted: 23 Jan 2012 08:18 AM PST

Monday, January 23, 2012
Improving economic data out of the U.S. and more refinery closings may make Gasoline inventories tight going into the summer, especially on the east coast. This is important as the delivery point for NYMEX RBOB futures is the New York Harbor. Traders expecting U.S. Gasoline prices to rise going into the summer may wish to explore bull spreads in RBOB futures with the buy leg of the spread beginning in the summer delivery months. One possible trade would be to buy the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


US Stocks Extend Gains, EUR Hits 2012 Highs

Posted: 23 Jan 2012 08:08 AM PST

0123/12 Wall Street kicked off the week with a modest gain. Energy and tech stocks were in the spotlight, while the USD traded lower vs. the EUR and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


2012 Bank Failures Start With 3

Posted: 23 Jan 2012 08:05 AM PST

After a month's pause, U.S. regulators were back in action, shuttering three small banks in Georgia, Florida and Pennsylvania last Friday. These 3 represent the first bank failures of 2012 following 92 in 2011, 157 in 2010, 140 in 2009 and 25 in 2008.
While the financials of a few large banks have been stabilizing on the back of an economic recovery, the industry is still on shaky ground. Nagging issues like depressed home prices along with still-high loan defaults and unemployment levels … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


FDA Nod For Quest’s STRATIFY JCV

Posted: 23 Jan 2012 08:05 AM PST

Recently, Quest Diagnostics (NYSE:DGX) received market authorization for its STRATIFY JCV Antibody ELISA testing service from the US Food and Drug Administration (FDA). As the first antibody-based blood test of its kind to receive FDA approval, STRATIFY JCV works for the qualitative detection of antibodies to the polyomavirus JC virus (JCV) for determining the risk arising from progressive multifocal leukoencephalopathy (PML). PML is a rare but severe form of brain infection, mostly found in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Crude Rises On Euro Charge, Greece Hopes

Posted: 23 Jan 2012 02:15 AM PST

01/23/12 Front month crude prices were on the uptick this morning following a surge in risk appetite lifting the euro and hopes of a sealed debt restructuring deal in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


European Markets Rise As Investors Await Greek Deal

Posted: 23 Jan 2012 01:20 AM PST

01/23/12 With the euro trading near annual highs against the dollar and with investors awaiting the outcome of the Greek deal, European stocks were performing strong to start the new trading … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


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