DailyMarkets.com - Statoil Makes High-Impact Find
DailyMarkets.com - Statoil Makes High-Impact Find |
- Statoil Makes High-Impact Find
- EA’s SSX Makes A Comeback
- Positive Data On VRTX Combo Therapy
- GM, Peugeot Form Strategic Alliance
- Onyx Pharma’s MM Candidate Advances
- Andersons To Buy Ethanol Biz
- BUY TVIX @ $16.25
- Kinross May Sell Stake In Mines
- Fed Okays RJF-Morgan Keegan Deal
- Fitch Downgrades SunTrust Outlook
- Hot Option Plays: Metals & Miners Lead The Downside
- Global PMI, US Jobs Data On Tap
- Embraer Retains Neutral Rec
- Health Care REIT Completes Share Offer
- Meridian’s Legionella Test Cleared
- Cosan To Acquire ALL Shares
- XL Group Approves Buyback
- Few Trade Ideas For The First Trading Day Of March
- Foster Wheeler’s Boiler Contract
- Time For Another Pop Quiz…
- CA’s Improved Security Solution
- What Color Is You Stock Chart?
- After Reaching Highs, Wall Street Fumbles
- BP To Offload Gas Assets
- Restaurant Performance Index Suggests Ongoing Improvements As Does Fed’s Beige Book Report
- DuPont Expands Deal With ACPFG
- NYSE Begins Metals Mini-Options
- Unisys Launches New Services
- Matt Ridley On How Expensive Green Energy Destroys Jobs, While Cheap Shale Gas Creates Jobs
- Bleak Outlook For Dendreon’s Provenge
- St. Jude Beefs Up Dividend
- Hologic To Exchange Notes
- Forex Trading: AUDUSD Failed On Its Bid To Extend To The Upside Today
- U.S. Rig Count Falls 13 Units
- Polcari: “Markets Exhausted…nothing To Panic About”
- ETF Update: CU, GASX
- Dollar Rebounds On GDP Expansion
- The Trend Trader For ETF Trading On Thursday, March 1, 2012
- The Trend Trader For Stock Trading On Thursday, March 1, 2012
- The Trend Trader For Futures Trading On Thursday, March 1, 2012
- The Trend Trader For Forex Trading On Thursday, March 1, 2012
- Cures For The Apathetic Investor
Statoil Makes High-Impact Find Posted: 29 Feb 2012 04:15 PM PST Norway-based Statoil ASA (NYSE:STO) has made a high-impact discovery in the Pão de Açúcar prospect, offshore Brazil. The find is located at Repsol Sinopec operated block BM-C-33 in the Campos Basin, around 195 kilometers offshore Rio de Janeiro State, and is drilled in 2,800 meters of water. With a hydrocarbon column of 480 meters, the Pão de Açúcar well is considered to be the thickest among the ones discovered in Brazil so far. In a choked drill stem test, the Pão de Açúcar well … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards |
Posted: 29 Feb 2012 04:10 PM PST Electronic Arts Inc. (EA) recently announced the launch of snow-boarding game EA SPORTS SSX in North America. The game would be made available globally from March 2, 2012. |
Positive Data On VRTX Combo Therapy Posted: 29 Feb 2012 04:00 PM PST Vertex Pharmaceuticals Inc. (NASDAQ:VRTX) recently reported positive interim data from two treatment arms (E and F) of a mid-stage study (ZENITH) of VX-222, when dosed in combination with Incivek (telaprevir) and ribavirin in treatment-naïve patients with genotype 1 (1a and 1b) hepatitis C virus (HCV). |
GM, Peugeot Form Strategic Alliance Posted: 29 Feb 2012 03:58 PM PST 02/29/12 General Motors Co. and PSA Peugeot Citroen are partnering, to increase purchasing power and slash costs in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards |
Onyx Pharma’s MM Candidate Advances Posted: 29 Feb 2012 03:55 PM PST Onyx Pharmaceuticals Inc. (NASDAQ:ONXX) recently announced that it has completed enrollment in the late-stage ASPIRE study that is being conducted with carfilzomib. The study is evaluating carfilzomib in combination with Celgene Corp.'s (NASDAQ:CELG) Revlimid (lenalidomide) and low dose dexamethasone in patients with relapsed multiple myeloma (MM). |
Posted: 29 Feb 2012 03:55 PM PST The Andersons, Inc. (NASDAQ:ANDE) has entered into an agreement with two companies, Amaizing Energy Dennison LLC and Amaizing Energy Holding Company, LLC, to buy a Dennison-based ethanol production business. The value of the deal is undisclosed as yet. |
Posted: 29 Feb 2012 03:48 PM PST I decided to take a new position in VelocityShares VIX 2X ETN (TVIX) at $16.25. By luck I managed to buy just 5 cents above the low for the day. The True Strength Index (TSI) indicator read -0.90 at the moment of my purchase. Usually these kind of extreme negative readings lead to a bounce in price. Anyway, this is the chart I made just after my purchase. Click on any chart to ENLARGE I made this second chart of TVIX a few minutes ago to show where price traveled after my purchase and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards |
Kinross May Sell Stake In Mines Posted: 29 Feb 2012 03:35 PM PST According to reports, gold miner Kinross Gold Corporation (NYSE:KGC) wants to sell its 50% stake in the Crixas gold mine in Brazil and 25% stake in the Cerro Casale gold-silver-copper project in Chile. The company stated that the sale is part of its ongoing portfolio review process and not aimed to fund growth per say. |
Fed Okays RJF-Morgan Keegan Deal Posted: 29 Feb 2012 03:35 PM PST On Tuesday, the deal between Raymond James Financial Inc. (NYSE:RJF) and Morgan Keegan & Company Inc. received approval from the U.S. Department of Justice. The deal is anticipated to be closed on or around April 2, 2012. |
Fitch Downgrades SunTrust Outlook Posted: 29 Feb 2012 03:25 PM PST On Monday, Fitch Ratings lowered the rating outlook on SunTrust Banks Inc. (NYSE:STI) and its subsidiaries, while affirming the long-term Issuer Default Ratings (IDRs). The agency downgraded the company's rating outlook to "Stable" from "Positive" and retained the IDRs at "BBB+". |
Hot Option Plays: Metals & Miners Lead The Downside Posted: 29 Feb 2012 03:24 PM PST Cusick’s Corner |
Global PMI, US Jobs Data On Tap Posted: 29 Feb 2012 03:20 PM PST 02/29/12 Global PMI manufacturing data will be closely watched, along with US jobless claims figures. The EU summit will kick off in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards |
Posted: 29 Feb 2012 03:05 PM PST We maintain our Neutral recommendation on Embraer S.A (NYSE:ERJ). |
Health Care REIT Completes Share Offer Posted: 29 Feb 2012 03:00 PM PST Health Care REIT Inc. (NYSE:HCN), a leading health care real estate investment trust (REIT) that operates senior housing and health care real estate, has recently completed its secondary offering of 20.7 million common shares at $53.50 each, including 2.7 million shares sold to the underwriters to cover the over-allotment options. |
Meridian’s Legionella Test Cleared Posted: 29 Feb 2012 02:50 PM PST Diagnostic test kit maker Meridian Bioscience (NASDAQ:VIVO) has won the approval of the U.S. Food and Drug Administration (FDA) for its new test for detection of Legionnaire's disease (legionellosis), a potentially fatal form of pneumonia. |
Posted: 29 Feb 2012 02:50 PM PST Brazilian sugar and ethanol producer, Cosan (NYSE:CZZ) recenty announced signing of a sale and purchase agreement with Riccardo Arduini, Julia Dora Koranyi Arduini and GMI – Global Market Investments L.P. |
Posted: 29 Feb 2012 02:30 PM PST In its concerted effort to boost shareholder value, the board of directors of XL Group Plc (NYSE:XL) approved a share repurchase program wherein the company is authorized to buy back up to $750 million worth of shares. |
Few Trade Ideas For The First Trading Day Of March Posted: 29 Feb 2012 02:21 PM PST ( click to enlarge ) Elan Corporation, plc (NYSE:ELN) has a mixed technical profile at the present moment. Intermediate trend is down. The stock recently broke below its 20 and 50 day moving averages. Short term momentum indicators are now showing technical signs of recovery. The break of the resistance of $13.03 with heavy volume should be the next buy point on ELN. ( click to enlarge ) Shares of Sirius XM Radio Inc (NASDAQ:SIRI) surged 2% to $2.26 per share breaking out an important resistance … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards |
Foster Wheeler’s Boiler Contract Posted: 29 Feb 2012 02:20 PM PST Foster Wheeler AG's (NASDAQ:FWLT) Global Engineering and Construction Group received a contract from JSC LUKOIL's subsidiary. As per the deal, the company will provide a waste heat boiler for LUKOIL Nizhegorodnefteorgsyntez Refinery in the Nizhny Novgorod region of Russia. |
Posted: 29 Feb 2012 02:10 PM PST (Hopefully, you’ve been paying attention.) |
CA’s Improved Security Solution Posted: 29 Feb 2012 02:06 PM PST CA Inc. (NASDAQ:CA) recently announced its intent of further enhancing its Content-Aware Identity and Access management (IAM) solution in order to deliver an upgraded security solution for Microsoft SharePoint to help improve information security, reduce risk and meet compliance requirements. |
What Color Is You Stock Chart? Posted: 29 Feb 2012 02:02 PM PST When it comes to the stock market, you want certainty and equivocation just won't do. Is the market going higher or lower? Will a stock appreciate 20% and when? However, the first thing you need to establish, whether from the … Continue reading … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards |
After Reaching Highs, Wall Street Fumbles Posted: 29 Feb 2012 09:00 AM PST 02/29/12 Fed Chairman Ben Bernanke’s comments before Congress dampened hopes of further monetary stimulus and led the way for the Dow Jones Industrial Average to lose its … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards |
Posted: 29 Feb 2012 01:50 PM PST BP Plc (NYSE:BP) intends to offload its natural gas assets in Kansas to a subsidiary of LINN Energy, LLC (NASDAQ:LINE), in response to a weak natural gas price environment and in order to streamline its portfolio. The U.K. giant plans to sell its entire share in the natural gas producing fields in Kansas as well as a gas processing plant for a total consideration of $1.2 billion in cash. |
Restaurant Performance Index Suggests Ongoing Improvements As Does Fed’s Beige Book Report Posted: 29 Feb 2012 01:41 PM PST From today’s report from the National Restaurant Association: “The outlook for the restaurant industry is positive for the coming months, as the National Restaurant Association's Restaurant Performance Index (RPI) remained well above 100 in January. The RPI – a monthly composite index that tracks the health of and outlook for the U.S. restaurant industry – stood at 101.3 in January, down from December's strong level of 102.2 (see red line in chart). Despite the decline, January … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards |
DuPont Expands Deal With ACPFG Posted: 29 Feb 2012 01:35 PM PST EI DuPont de Nemours & Co. (NYSE:DD) announced that it has expanded its collaboration agreement with the Australian Centre for Plant Functional Genomics ("ACPFG") to improve the productivity of cereal crops. The terms of the agreement have yet to be disclosed. |
NYSE Begins Metals Mini-Options Posted: 29 Feb 2012 01:21 PM PST On Monday, NYSE Euronext Inc. (NYSE:NYX) announced that its futures exchange in the U.S. – NYSE Liffe – has successfully launched its mini-sized options on gold and silver futures contracts. NYSE Liffe is the former London International Financial Futures Exchange, which trades coffee, sugar, cocoa and wheat futures. |
Posted: 29 Feb 2012 01:06 PM PST Unisys Corporation (NYSE:UIS) recently announced that the company has launched a new set of services which will supposedly help organizations in executing tasks more efficiently. |
Matt Ridley On How Expensive Green Energy Destroys Jobs, While Cheap Shale Gas Creates Jobs Posted: 29 Feb 2012 12:54 PM PST Matt Ridley masterfully applies Bastiat’s “broken-window fallacy” to green energy jobs, writing last December in City AM, a UK financial newspaper: “When is a job not a job? Answer: when it is a green job. Jobs in an industry that raises the price of energy effectively destroy jobs elsewhere; jobs in an industry that cuts the cost of energy create extra jobs elsewhere. The entire argument for green jobs is a version of Frederic Bastiat's broken-window fallacy. The great nineteenth century … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards |
Bleak Outlook For Dendreon’s Provenge Posted: 29 Feb 2012 12:50 PM PST Dendreon Corporation (NASDAQ:DNDN) reported fourth-quarter 2011 earnings (including stock-based compensation expense but excluding other special items) of 37 cents per share, in contrast to the Zacks Consensus Estimate loss of 31 cents and year-ago loss of 60 cents per share. |
Posted: 29 Feb 2012 12:35 PM PST Medical technology major St. Jude (NYSE:STJ) has bumped up its quarterly dividend to 23 cents a share from 21 cents, representing a 10% hike. This lifts the annual dividend to 92 cents per share from the current payout of 84 cents and equates to a dividend yield of roughly 2.2%. The revised quarterly dividend is payable on April 30, 2012, to shareholders of record as on March 30, 2012. |
Posted: 29 Feb 2012 12:25 PM PST Hologic (NASDAQ:HOLX) has decided to retire $500 million of its 2% convertible senior notes (due 2037) in exchange of $500 million of 2% convertible senior notes due 2042. Subsequent to this arrangement, $775 million in aggregate principal amount of the original notes will remain outstanding. |
Forex Trading: AUDUSD Failed On Its Bid To Extend To The Upside Today Posted: 29 Feb 2012 12:22 PM PST The AUDUSD moved above the trendline resistance at the 1.0790 level and then the high for the month of February at 1.0842 (high reached 1.0854) . The moves should have solicited additional buying momentum, but it has not. |
Posted: 29 Feb 2012 12:05 PM PST In its weekly release, Houston-based oilfield services company Baker Hughes Inc. (BHI) reported a dip in the U.S. rig count (number of rigs searching for oil and gas in the country). This can be primarily attributed to a decrease in the tally of both oil and natural gas-directed rigs. |
Polcari: “Markets Exhausted…nothing To Panic About” Posted: 29 Feb 2012 11:50 AM PST 02/29/12 ICAP Equities’ Kenneth Polcari discusses the ECB LTRO, US economic data releases, Bernanke’s testimony and crude oil … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards |
Posted: 29 Feb 2012 06:40 AM PST Weekly update on the First Trust ISE Revere Natural Gas Index Fund and the First Trust ISE Global Copper Index … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards |
Dollar Rebounds On GDP Expansion Posted: 29 Feb 2012 04:30 AM PST 02/29/12 The release of stronger-than-expected Q4 GDP expansion by 3% has helped lift the dollar this afternoon against the euro and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards |
The Trend Trader For ETF Trading On Thursday, March 1, 2012 Posted: 29 Feb 2012 04:35 AM PST By ForexMansion.com The Trend Trader for ETFs The top 40 ETFs by net assets Close 3×1 7×5 AGG – iShares Lehman Aggregate Bd Fd Neutral BND – Vanguard Total Bond Market ETF Neutral DBC – DB Commodity Index Tracking Fd Bearish DIA – SPDR DJ Industrial Average … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards |
The Trend Trader For Stock Trading On Thursday, March 1, 2012 Posted: 29 Feb 2012 04:35 AM PST By ForexMansion.com The Trend Trader for the Dow 30 Stocks In alphabetical order by symbol Close 3×1 7×5 AA – Alcoa Inc Bearish AXP – American Express Company Bearish BA – Boeing Co Bearish BAC – Bank of America Corporation Bearish CAT – Caterpillar Inc |
The Trend Trader For Futures Trading On Thursday, March 1, 2012 Posted: 29 Feb 2012 04:35 AM PST By ForexMansion.com The Trend Trader for Futures INDICES Close 3×1 7×5 S&P 500 – Mar ESH2 Neutral Dow Jones – Mar YMH2 Bearish Nasdaq – Mar NQH2 Bullish Russell – Mar TFH2 Bearish INTEREST RATES US T-Bond – Jun ZBM2 |
The Trend Trader For Forex Trading On Thursday, March 1, 2012 Posted: 29 Feb 2012 04:35 AM PST By ForexMansion.com The Trend Trader for Forex THE BIG SIX Close 3×1 7×5 AUDUSD – Aust Dollar / US Dollar Neutral EURUSD – Euro / US Dollar Bearish GBPUSD – British Pound / US Dollar Bullish USDCAD – US Dollar / Canadian Dollar Bearish USDCHF – US Dollar / … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards |
Cures For The Apathetic Investor Posted: 28 Feb 2012 10:00 PM PST One of the most debilitating forms of emotion isn't anger, fear or sadness, it's apathy. An "I don't care" attitude or an indifference to events caused Helen Keller to once say: "We may have found a cure for most evils; but we have found no remedy for the worst of them all, the apathy of human beings." |
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