Tuesday, January 10, 2012

DailyMarkets.com - TOTAL Expands In Mauritania

DailyMarkets.com - TOTAL Expands In Mauritania

TOTAL Expands In Mauritania

Posted: 10 Jan 2012 12:20 PM PST

Integrated oil and gas company TOTAL S.A. (NYSE:TOT) expanded its footprint in Africa by getting two exploration licenses, one onshore and the other offshore, from the Mauritanian government. TOTAL will be the operator of the two blocks with 90% working interest while the Mauritanian National Oil company (SMH) will hold the balance of 10%.
The offshore block C 9 is located 140 kilometers (86.9 miles) off the coast of Western Mauritania, covering an area of more than 10,000 sq. km (3,861 sq miles) … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Tenet Optimistic On 2012 Earnings

Posted: 10 Jan 2012 12:15 PM PST

Yesterday, Tenet Healthcare Corp. (NYSE:THC) announced its projection of adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) to be within $1.2–1.3 billion.
Meanwhile, the adjusted EBITDA includes the deductions from accounting changes to affect some deferred income recognized out of certain Medicare Healthcare Information Technology (HIT) incentive payments, which is expected to be about $31 million in 2012.
In November last year, management had reiterated its … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Valeant Provides 2012 Roadmap

Posted: 10 Jan 2012 12:05 PM PST

Canadian pharmaceuticals company Valeant Pharmaceuticals International, Inc. (NYSE:VRX) recently announced preliminary fourth quarter and full year 2011 results as well as issued 2012 guidance.
Fourth Quarter and Fiscal 2011 Guidance
The company expects to book organic growth of at least 8% in the fourth quarter of 2011 with total revenue of more than $650 million. In the quarter cash earnings are expected to range between 83 cents and 87 cents per share (prior guidance: 80 cents-95 cents). … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Wright Launches New Products

Posted: 10 Jan 2012 11:50 AM PST

International orthopedic devices company  Wright Medical Group (NASDAQ:WMGI) revealed the release of its Quickdraw Knotless Soft Tissue Fixation System and the Ortholoc 3Di Ankle Fracture System. The two offerings will be sold in certain ex-U.S. countries via Wright Medical Group's distributor-based as well as direct sales force. These offerings will be immediately available in the domestic market thanks to the company's dedicated foot and ankle sales team.   
Quickdraw Soft … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Raytheon Gets Stunner Contract

Posted: 10 Jan 2012 11:35 AM PST

Raytheon Company (NYSE:RTN) has received a contract, worth $30.2 million, for the continuous development of the Stunner interceptor from the Rafael Advanced Defense Systems. Per the contract, the company will manufacture Stunner interceptor's missile subsystem hardware which also includes safety devices.
Stunner is an advanced, multi-mission, multi-platform interceptor that deliberately integrates into current and planned air and missile defense systems. It has the potential to defeat a variety … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – U.S. Dollar Steady Despite French Downgrade Fears Lifted

Posted: 10 Jan 2012 11:34 AM PST

Forexpros – The U.S. dollar remained steady against its major counterparts on Tuesday despite French downgrade fears being lifted.

During late session U.S. trade, the greenback traded slightly lower against the euro, with EUR/USD gaining 0.15% to hit 1.2784.

The single currency was supported as rating agency Fitch stated it would not downgrade France in 2012.

However, the agency reiterated its warning for a possible Italian downgrade soon.

Earlier, Merkel warned Greece that it would be … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Buy DUST @ $35.19

Posted: 10 Jan 2012 11:31 AM PST

I decided to buy Direxion’s Gold Miner Bear 3X ETF at $35.19.   I am playing this on the hunch that this second 4 hour cycle is going to be left translated (already topped at $1641.4) and thus the entire daily cycle will be left translated, as well. This is consistent with my concern that gold may not have concluded its D-wave correction. However, as we are on the fourth daily cycle if December 29th was not the weekly (intermediate) cycle low. As such, gold is running out of time to fall … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Kicks Off 2012 With 2007 Rigs

Posted: 10 Jan 2012 11:25 AM PST

In its weekly release, Houston-based oilfield services company Baker Hughes Inc. (NYSE:BHI) reported an unchanged U.S. rig count (number of rigs searching for oil and gas in the country), as an increase in the number of gas rigs was offset by a fall in the oil rig count.
The Baker Hughes rig count, issued since 1944, acts as an important yardstick for drilling contractors such as Transocean Inc. (NYSE:DO), Noble Corp. (NYSE:NE), Nabors Industries (NYSE:NBR), Patterson-UTI Energy (NASDAQ:PTEN), Helmerich & … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

UNH Ends 2011 Better Than Expected

Posted: 10 Jan 2012 11:15 AM PST

UnitedHealth Group Inc. (NYSE:UNH) managed to perform quite well in 2011, in contrast to analyst predictions that the stock might be under pressure, given the challenges posed by the HealthCare law and pressure on its government programs like Medicare and Medicaid.
The stock of the biggest insurer (on the basis of revenue) gained 38% in 2011 compared with 15% in 2010, a year in which Health Care Reform was signed into law and 13% in 2009, the year which saw heated debates over the Health Care … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Amylin Provides Strategy Update

Posted: 10 Jan 2012 11:10 AM PST

Amylin Pharmaceuticals, Inc. (NASDAQ:AMLN) recently presented an update on its strategy for 2012 at the 30th Annual J.P. Morgan (NYSE:JPM) Healthcare Conference.
Amylin has a big regulatory event coming up later this month, with the US Food and Drug Administration (FDA) expected to deliver a decision on its type II diabetes candidate, Bydureon (exenatide once-weekly). While Bydureon gained approval in the EU in 2011, the US regulatory path for the candidate has not been smooth with the FDA issuing two … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Nissan Feels Safer In The U.S.

Posted: 10 Jan 2012 11:10 AM PST

Japan's third largest automaker Nissan Motor Co. (NASDAQ:NSANY) seems to consider the U.S. market a safe haven when its alliance partner, Renault, is significantly exposed to the Eurozone crisis due to its strong position in France.
Both Nissan and Renault plan to boost their allied company's production capacity in the U.S. as both of its car manufacturing plants in Smyrna, Tennessee and Canton, Mississippi, are expected to run at full capacity by early 2013.
At the same time, the alliance is … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Kraft And SodaStream Ink Deal

Posted: 10 Jan 2012 11:10 AM PST

Kraft Foods Inc. (NYSE:KFT) has teamed up with SodaStream International Ltd. (SODA) to make use of the SodaStream system for manufacturing and distributing some of Kraft’s branded flavors.
SodaStream manufactures beverage carbonation systems, which enable consumers to easily transform ordinary tap water instantly into carbonated soft drinks and sparkling water. In addition, it sells its soda-making machines, flavors, carbon dioxide refills, and re-usable carbonation bottles around the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Heller: “Gains Driven By Lack Of No Bad News From EU”

Posted: 10 Jan 2012 11:05 AM PST

01/10/12 OnPoint Executions’ Bobby Heller discusses today’s advance in equities and weighs in on expectations for the earnings … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Bain Of Capitalism

Posted: 10 Jan 2012 10:59 AM PST

It's one thing to criticize Mitt Romney for being a businessman with the wrong values. It's quite another to accuse him and his former company, Bain Capital, of doing bad things. If what Bain Capital did under Romney was bad for society, the burden shifts to Romney's critics to propose laws that would prevent Bain and other companies from doing such bad things in the future.
Don't hold your breath.
Newt Gingrich says Bain under Romney carried out "clever legal ways to loot a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Apple’s IOS Market Share Rises

Posted: 10 Jan 2012 10:50 AM PST

The popularity of Apple Inc's (NASDAQ:AAPL) operating system appears to be on the rise, according to recent numbers released by the NPD Group. According to NPD, Apple'siOS market share in the US. surged from 26% to 43% from October to November.
The NPD Group has yet to release data for the month of December. However, it has found that on Christmas Day, 6.8 million Android and iOS devices had been activated. This was up significantly from the comparable year-ago period. When the fourth quarter … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Volcano Presents Prelim Results

Posted: 10 Jan 2012 10:50 AM PST

Going by the preliminary results, Volcano Corporation (NASDAQ:VOLC) expects to report revenues of $92.7 million for the fourth quarter of fiscal 2011 (representing a 14% increase year over year), marginally falling short of the Zacks Consensus Estimate of $93 million. This will result in total revenue of $343.5 million for the fiscal year, up 17% year over year and at the mid-point of the company's guidance of $342–$345 million.
Volcano Corporation reported preliminary results ahead of its … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Oil Futures Higher On Nigerian Strike, Iran

Posted: 10 Jan 2012 10:39 AM PST

Forexpros – Crude oil futures surged higher Tuesday after Nigerian strikes and supply fears combined with Iranian tensions and a weaker U.S. dollar added to the bullish environment.

On the New York Mercantile Exchange, light sweet crude futures for February settlement traded at USD102.53 a barrel during mid U.S. trade surging 1.20%%.

It earlier hit a daily high of USD103.41 and a low of USD101.25 a barrel. Weakness in the U.S. dollar helped to lift oil prices.

The dollar index, which … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

FDA Clears Intuitive’s EndoWrist

Posted: 10 Jan 2012 10:35 AM PST

Intuitive Surgical (NASDAQ:ISRG), a pioneer in less invasive robot-enabled surgery, recently revealed it was granted clearance by the Food and Drug Administration ("FDA") to market its EndoWrist One Vessel Sealer instrument for utilization with its da Vinci Si Surgical System. The company intends a phased initiation of this offering in the U.S., in the first quarter of 2012, along with a submission for European CE Mark approval.
The EndoWrist One Vessel Sealer is a one-time use, wristed offering … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

SPX At 1,300: Double Top Or Inverse Head And Shoulders

Posted: 10 Jan 2012 10:34 AM PST

With traders focused on the S&P 500 at the round-number reference level of 1,300, let's take a quick look at two competing classic price patterns that have formed into this critical level.
Is the S&P 500 completing a short-term "Double Top" reversal pattern or an "Inverse Head and Shoulders" continuation pattern?
Let's look at these developments and plot classic targets and expectations.
First, the bigger Daily Picture:

For distinction, I labeled the Double Top ("TT") … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Genworth Divests Business Unit

Posted: 10 Jan 2012 10:20 AM PST

To focus more on the core asset management business within the Wealth Management segment, Genworth Financial Inc. (NYSE:GNW) decided to divest Genworth Financial Investment Services (“GFIS”) to Cetera Financial Group.
Established in 1981, GFIS is the company's tax and accounting financial advisor unit. The divestiture is expected to close within 90 days, pending customary closing conditions and regulatory approvals. Genworth intends to utilize the sale proceeds for general corporate … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

ACE Limited Hikes Dividend By 34%

Posted: 10 Jan 2012 10:05 AM PST

The shareholders of ACE Limited (NYSE:ACE), at the extraordinary general meeting held on January 9, 2012 approved the board's proposal to boost quarterly dividend to 47 cents. The increased dividend represents a substantial hike of 34% from 35 cents paid earlier.
The first increased dividend will be paid on January 31, 2012 to shareholders of record as on January 10, 2012.
On an annualized basis, ACE Limited will now pay a dividend of $1.88 per share, up from $1.40. Previously, in February 2011, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Maintains Slight Gains On Meeting Optimism

Posted: 10 Jan 2012 10:03 AM PST

Forexpros – The euro maintained yesterday’s gains against the U.S. dollar on Tuesday as investors optimistically await the outcome of a meeting between Angela Merkel and International Monetary Fund President, Christine Legarde regarding Greece’s bailout.

EUR/USD hit a low of 1.2743 during U.S. trade. The pair is off a high of 1.2818 and is currently trading at 1.2771 up 0.05%.

The pair was likely to find support at 1.2665 and technical resistance exists at 1.2891.

The single currency was … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Overseas Shipholding To Underperform

Posted: 10 Jan 2012 09:55 AM PST

We downgrade our recommendation on Overseas Shipholding Group Inc. (NYSE:OSG) to Underperform based on our assessment that the company will incur losses throughout fiscal 2012 as we failed to recognize any immediate growth catalyst. The company reported disappointing financial results for the third quarter of 2011.This was the tenth consecutive quarter that Overseas Shipholding suffered losses. The spot rate of its very large crude carriers fell 66% in the previous quarter. Unfortunately, Overseas … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Risk Appetite Returns, Euro Gets A Boost From Fitch

Posted: 10 Jan 2012 04:45 AM PST

01/10/12 Risk appetite has indeed returned to the forex markets Tuesday after Fitch Ratings noted that it will maintain France’s AAA credit rating “unless there is a serious intensification of the eurozone … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Euro Shares Rally On U.S. Earnings, China Hopes; DAX Surges 2.42%

Posted: 10 Jan 2012 09:42 AM PST

Forexpros – bsp;Forexpros – European stocks rallied Tuesday on expectation meeting earnings from Alcoa, positive French production numbers and hope for Chinese monetary policy easing.

After the close of European trade, the EURO STOXX 50 gained 2.67%, France’s CAC 40 soared 2.66%, while Germany’s DAX 30 closed higher by 2.42%. Meanwhile, in the U.K. the FTSE 100 advanced 1.50%.

The buying was triggered by Alcoa kicking off the U.S. earnings season by meeting expectations and leading miners … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Gap Remains In Negative Zone

Posted: 10 Jan 2012 09:40 AM PST

The New Year brought no cheer for one of the leading global specialty retailers, Gap Inc. (NYSE:GAP). The company continues to record comparable store sales results in the red. Last December, Gap registered a decrease of 4% in same-store sales for the five-week period ended January 1, 2012, with sales declining across the board. The year-over-year comparison also looked jaded with the company recording a narrower decline of 2% in the prior year comparable period.
December 2011 Sales
Gap witnessed … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hartford Upgraded To Neutral

Posted: 10 Jan 2012 09:30 AM PST

We have upgraded our recommendation on Hartford Financial Services Group Inc. (NYSE:HIG) to Neutral from Underperform prompted by its initiatives to increase operational and financial efficiency. Nevertheless, we are a bit concerned about the lower 2011 earning guidance provided by the company on December 8, 2011.
Hartford has been selling off its non-core businesses in order to focus on its core businesses, thereby improving the operating performance in the long run. During the past three months, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

ABB Wins Contract In Sweden

Posted: 10 Jan 2012 09:09 AM PST

ABB Ltd. (NYSE:ABB) received an order to supply a new high-voltage underground cable system for the South-West Link power transmission project in southern Sweden for a total consideration of $160 million.   The order has been received from the national grid, Svenska Kraftnät.
The project aims to build the world's longest and most powerful underground cable link.  The order was booked in the fourth quarter of 2011. The project is scheduled to be completed in 2014.
The new … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Management Changes At Fiserv

Posted: 10 Jan 2012 08:55 AM PST

Fiserv, Inc. (NASDAQ:FISV) recently appointed Shawn Donovan as Senior Vice President and Chief Sales Officer. Donovan was earlier employed in Acxiom Corporation (NASDAQ:ACXM) since 2008. He has nearly 25 years of experience in sales and account management.
At Acxiom, Shawn led the Global Sales Organization, U.S. Business Unit, and Global Consulting Group  being primarily responsible for the company's growth strategy and its execution, leading the worldwide sales and consulting organizations, and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Altera’s Estimates Decline

Posted: 10 Jan 2012 08:55 AM PST

Earnings estimates for Altera Corporation (ALTR) have declined significantly in the last three months, driven by weak macroeconomic conditions.
All the twenty-two firms covering the stock have lowered their estimates in the last thirty days pulling down the Zacks Consensus Estimate for 2011. This was prompted by the company's cut in outlook for the fourth quarter.
Last month, the company slashed its revenue guidance. Altera now expects revenues in the fourth quarter to decline by 13% to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Wall Street Jumps On Earnings And EU Optimism

Posted: 10 Jan 2012 08:07 AM PST

01/10/12 US stocks posted a strong advance as the earnings season got underway. Cautious optimism in Europe supported EU … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – Dollar Remains Lower But Debt Woes Weigh On Euro

Posted: 10 Jan 2012 07:57 AM PST

Forexpros – The U.S. dollar trimmed losses against its major counterparts on Tuesday, as ongoing concerns over the deepening debt crisis in the euro zone weighed on the euro and curbed demand for higher yielding assets.

During U.S. morning trade, the dollar was lower against the euro, with EUR/USD adding 0.05% to hit 1.2772.

Markets remained jittery ahead of the outcome of a meeting between German Chancellor Angela Merkel and International Monetary Fund President Christine Lagarde to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Natural Gas Trades Close To 28-month Low On Weather Outlook

Posted: 10 Jan 2012 07:56 AM PST

Forexpros – Natural gas prices were down heavily on Tuesday, trading close to a 28-month low as warmer-than-normal winter weather in major gas-consuming regions in the U.S. dampened demand expectations for the heating fuel.

On the New York Mercantile Exchange, natural gas futures for February delivery traded at USD2.954 per million British thermal units during U.S. morning trade, tumbling 1.88%.

It earlier fell by as much as 2.1% to trade at USD2.946 per million British thermal units, the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Above $103 On Geoploitical Concerns

Posted: 10 Jan 2012 02:00 AM PST

01/10/12 Front month crude prices were in rally mode Tuesday, trading above $103 a barrel as the dollar depreciated andpipeline tensions with Iran and strike concerns with Nigeria continued to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Strength In Europe & Asia Lifts Stocks

Posted: 10 Jan 2012 01:15 AM PST

01/10/12 Global stocks were in rally mode to start the session followingstrong data and reports in both Europe and Asia while investors are looking forward to the latest batch of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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