Tuesday, March 6, 2012

DailyMarkets.com - Baxter Wins Marketing Rights In EU

DailyMarkets.com - Baxter Wins Marketing Rights In EU

Baxter Wins Marketing Rights In EU

Posted: 06 Mar 2012 12:05 PM PST

Baxter International (NYSE:BAX) recently revealed that the European Commission has given it the authorization for marketing Vepacel in all member nations and Norway, Iceland and Liechtenstein.
Pre-pandemic vaccine grants a measure of safety against an unfolding extremely pathogenic influenza strain before an official pandemic is declared. Vepacel is a pre-pandemic influenza vaccine to be used for immunizing adults, at least 18 years of age, against the H5N1 category of influenza A, frequently … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

United Natural Beats, Trims Outlook

Posted: 06 Mar 2012 11:50 AM PST

United Natural Foods Inc. (NASDAQ:UNFI) delivered better-than-expected second quarter 2012 earnings of 45 cents per share, exceeding the Zacks Consensus Estimate by a penny. The earnings also surpassed the prior-year earnings by 6 cents.
Sales and Margins Details
Net sales for the quarter increased 15.5% year over year to $1.29 billion, exceeding the Zacks Consensus Estimate of $1.26 billion. Higher consumer demand for food and the addition of the new national customer credited the strong sales … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Scorecard: Ecolab

Posted: 06 Mar 2012 11:50 AM PST

Ecolab's (NYSE:ECL) fourth-quarter fiscal 2011 adjusted earnings per share of 70 cents matched the Zacks Consensus Estimate. Profit tumbled 32% year over year as double-digit growth in sales was masked by charges associated with the company's $8.3 billion acquisition of Illinois-based water treatment company Nalco Holding and restructuring program.
Highlights from the Quarter
Net sales surged roughly 17% year over year to a record $1,845.3 million, yet missed the Zacks Consensus Estimate of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Positive News On Forest’s Pipeline

Posted: 06 Mar 2012 11:50 AM PST

Forest Laboratories, Inc. (NYSE:FRX) recently reported back-to-back positive news on the pipeline front. The company and partner Gedeon Richter Plc. announced that their late-stage antipsychotic candidate, cariprazine, met its primary endpoint in two phase III studies.
The studies were conducted to evaluate cariprazine for the treatment of acute exacerbation of schizophrenia. Results showed that patients in the cariprazine arm achieved a significant improvement in symptom compared to patients in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

ABM Reports In Line, Retains Guidance

Posted: 06 Mar 2012 11:35 AM PST

ABM Industries Inc. (ABM) reported first quarter fiscal 2012 adjusted EPS of 22 cents, in line with the Zacks Consensus Estimate. Results were flat year over year.
Including one-time items, EPS in the quarter was 20 cents compared with 16 cents in the year-ago quarter.
Operational Update
In the first quarter, revenue improved 4.3% year over year to $1.074 billion. The improvement largely stemmed from contributions from the acquisition of Linc Group. The top line outperformed the Zacks Consensus … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

United Continental’s New Labor Deal (revised)

Posted: 06 Mar 2012 11:20 AM PST

Following the labor agreement with International Brotherhood of Teamsters, United Continental Holdings (UAL) has reached another milestone in integrating its workforce by ratifying a new labor agreement involving 15,000 United Airlines flight attendants represented by the Association of Flight Attendants (AFA-CWA).

According to the deal, United's employees will receive a 10% compensation hike and a signing bonus of $5,000. Additionally, this new contract will expedite the process of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Tessera Eyes Camera Module Biz

Posted: 06 Mar 2012 11:20 AM PST

Chip technology developer,Tessera Technologies Inc. (TSRA) recently announced that its wholly owned subsidiary, DigitalOptics Corporation has signed an agreement with Singapore based Flextronics International Ltd. (FLEX) to buy certain assets of its Vista Point Technologies, a tier one qualified camera module manufacturing business.
Under the terms of the agreement, Flextronics' divested assets will include existing customer contracts, intellectual property and the lease of a factory based in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Has The Fed Opened The Door For Bond Downside?

Posted: 06 Mar 2012 11:18 AM PST

Tuesday, March 6th
Bond futures continue to trade sideways and may continue to do so for the foreseeable future. The Fed suggesting QE3 may not happen after all adds a new wrinkle to the Bond market and suggests that the Fed lifesaver may not be out there to support the downside. Technically, little has changed over the past few months. The market remains range bound. Some traders may perhaps wish to consider selling a strangle near the 140 and 145 levels. However, given the recent Fed … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Pullback In Gold And Silver Could Be A Buying Opportunity

Posted: 06 Mar 2012 11:09 AM PST

In early February we wrote, "Don't be unsettled by short term pullbacks or day to day volatility.  One should use pullbacks as buying opportunities on this long term upward trend in gold and silver."
It is characteristic in gold and silver to witness short term volatile pullbacks at the beginning of major moves to shakeout the short term speculators looking for overnight riches and who lack patience and fortitude.
The recent selloff is just one of the many shakeouts that somehow … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Pioneer To Buy Carmeuse’s Sands Biz

Posted: 06 Mar 2012 11:05 AM PST

Pioneer Natural Resources Company (NYSE:PXD) has reached an agreement with Belgium-based Carmeuse Holding SA to acquire the latter's U.S. industrial sands business—Carmeuse Industrial Sands ("CIS")—for approximately $297 million.
The deal, which will likely close late in the first quarter or early in the second quarter of 2012, is expected to be funded from the available cash and signifies a strategic move for the company to support its fracturing requirements while reducing execution … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Starwood Downgraded To Neutral

Posted: 06 Mar 2012 11:00 AM PST

We have recently downgraded our rating on the shares of  Starwood Hotels & Resorts Worldwide Inc. (NYSE:HOT) to Neutral from Outperform due to a slowdown in 2012 RevPAR growth target in North America, weak EBITDA projection as well as weakness in certain international markets.
We were impressed with Starwood's outperformance in the recently concluded fourth quarter of 2011. The strength of the namesake brand allows the company to charge a premium for its hotel rooms.  Moreover, the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Rambus, MediaTek In Licensing Deal

Posted: 06 Mar 2012 11:00 AM PST

Rambus Inc. (NASDAQ:RMBS) signed a patent licensing agreement with MediaTek Inc. for an undisclosed sum, yesterday. Per the terms of the agreement, MediaTek can use Rambus' patented technology for its integrated circuit products for five years. Rambus will receive royalty payments based on the shipment of these devices during the contract period.
In 2010, Rambus accused MediaTek of unlawfully using its patented inventions. But last Friday, a judge at the International Trade Commission (ITC) … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Lego Builds Quite The Profit In 2011

Posted: 06 Mar 2012 11:00 AM PST

03/06/12 Europe’s biggest toymaker managed to boost profit and market share last year during what it describes as a sluggish toy … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

CNH Expands Brazilian Ties

Posted: 06 Mar 2012 10:25 AM PST

CNH Global N.V. (NYSE:CNH) recently announced its intent to invest in a R$600 million construction equipment plant in Minas Gerais, Brazil. A Memorandum of Understanding pertaining to the investment has been signed with the state of Minas Gerais at Turin, Italy, to build the unit at Montes Claros, a city in northern Minas Gerais.
This plant would create around 700 direct production and 2,000 supporting jobs for producing supply parts and components. The site is expected to be of around 2,000,000 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

RTN To Develop AI3 System

Posted: 06 Mar 2012 10:10 AM PST

Raytheon Company (NYSE:RTN) has received a contract worth $79.2 million from the U.S. Army to develop a system known as Accelerated Improved Intercept Initiative ("AI3") that will detect and destroy incoming rockets aimed at troops. The demonstration for the system will be done over 18 months and is expected to be followed by a low rate initial production.
AI3 Battle Element consists of an interceptor developed by Raytheon and a government furnished launcher, fire control system, and command … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Risk-Reward Balanced At Alkermes

Posted: 06 Mar 2012 09:55 AM PST

We are maintaining a Neutral rating on Alkermes (NASDAQ:ALKS) with a target price of $18.00.
Last month, Alkermes released its third quarter fiscal 2012 (ended December 31, 2011) financial results.  This was the first full quarter for Alkermes plc, formed in September 2011, following the merger of Waltham, Massachusetts based Alkermes, Inc. and Elan Drug Technologies (EDT), the drug delivery unit of  Elan Corporation (NYSE:ELN). The merger has expanded the portfolio significantly resulting in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

United Natural Beats, Trims Outlook

Posted: 06 Mar 2012 09:55 AM PST

United Natural Foods Inc. (NASDAQ:UNFI) delivered better-than-expected second quarter 2012 earnings of 45 cents per share, exceeding the Zacks Consensus Estimate by a penny. The earnings also surpassed the prior-year earnings by 6 cents.
Sales and Margins Details
Net sales for the quarter increased 15.5% year over year to $1.29 billion, exceeding the Zacks Consensus Estimate of $1.26 billion. Higher consumer demand for food and the addition of a new national customer credited the strong sales … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Zumiez Inc.

Posted: 06 Mar 2012 09:55 AM PST

U.S. Specialty retailer in action sports related apparel, footwear, equipment and accessories, Zumiez Inc. (NASDAQ:ZUMZ) will release its fourth-quarter and full-year 2011 results on Thursday, March 8, 2012.
The current Zacks Consensus earnings per share (EPS) estimate for the fourth quarter is 59 cents, representing an increase of 20.3% from last year. The Zacks Consensus Estimate for full-year 2011 stands at $1.18 per share, reflecting a year-over-year growth of 34.4%.
The company has continually … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Anderson: “What We Need Is Growth”

Posted: 06 Mar 2012 09:50 AM PST

0/3/06/12 Knight Capital Americas’ Amanda Anderson weighs in on today’s selloff in equities ahead of the Greek PSI deadline. The US jobs report and this week’s central bank rate decisions are also … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

TVIX Rocket Launch? – BUY @ $16.85

Posted: 06 Mar 2012 09:46 AM PST

I bought more shares of VelocityShares 2X VIX ETN (TVIX) at $16.85 in this morning’s pre-market. The setup looked favorable when compared to the setup in the first week of last month – February.

My TSI Trading record has been … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Precidian Funds Visits The NYSE

Posted: 06 Mar 2012 04:40 AM PST

03/06/12 Precidian Investments’ Stuart Thomas provides an overview of Precidian’s MAXIS Nikkei 225 Index ETF (NKY). The NKY is the first U.S. listed Nikkei 225 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EUR/USD Pair On Sharpest Slide Since Last December

Posted: 06 Mar 2012 09:23 AM PST

EUR/USD Pair on Sharpest Slide since Last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Wright Intros CLAW II System

Posted: 06 Mar 2012 09:20 AM PST

International orthopedic devices company Wright Medical (NASDAQ:WMGI) has commenced full launch of its CLAW II polyaxial compression plating system for foot and ankle surgeries. The Tennessee-based company said that the new plating system will be available in the U.S. through its foot and ankle sales force. Outside the U.S., it will be marketed in select nations through the company's direct sales team as well as distribution partners.
The CLAW II system, which features Wright Medical's ORTHOLOC … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Solid Quarter At Sierra Monitor As It Prepares For Largest Order Ever

Posted: 06 Mar 2012 09:15 AM PST

Solid Quarter at Sierra Monitor as it Prepares for Largest order Ever
Ken Nagy, CFA

On March 6, 2012, Sierra Monitor Corporation (SRMC), the designer, manufacturer and seller of electronic safety and environmental instrumentation, reported financial results for its fourth quarter and full year ended December 31, 2011.

Sierra Monitor reported mixed results with year over year fourth quarter revenues falling $647,963 or 15.4 percent, to $3.572 million from $4.220 million for the comparable … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Cartoon Of The Day

Posted: 06 Mar 2012 09:06 AM PST

Nate Beeler, from today’s Washington … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bon-Ton’s February Comps Rise

Posted: 06 Mar 2012 09:05 AM PST

Bon-Ton Stores Inc. (NASDAQ:BONT) reported a 0.7% upside in same-store sales for the four-week period ended February 25, 2012. This compared favorably with a 0.5% decline in the year-ago period, benefiting from a promotional event called Community Day. However, in 2012, the Community Day event will take place in April.
Total sales inched up 0.9% to $199.4 million during the four-week period ended February 25, 2012 from $197.7 million in the comparable period ended February, 2011.
February comps were … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Ameren Unit Reveals Growth Plans

Posted: 06 Mar 2012 09:00 AM PST

Ameren Illinois, a subsidiary of Ameren Corporation (NYSE:AEE), has presented a $625 million infrastructure improvement and modernization plan, spanning over 10 years, to the Illinois Commerce Commission. The Modernization Action Plan initiative will benefit customers through improved service reliability and a greater potential for energy savings. However, the main objective of the plan is creation of jobs. Besides providing its modernization plan, the company also demarcated some of the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

POSCO Signs Multiple MOU

Posted: 06 Mar 2012 08:40 AM PST

Korean steel producer, POSCO (NYSE:PKX) of late has been involved in signing memorandums of understanding with a Chinese carmaker and an African miner with a clear goal of expanding its operations. 
The first understanding was reached with Great Wall motor company, which is considered to be China's third largest automaker in the year 2011, producing upto 0.48 million cars. The company, progressing rapidly with a growth rate of 28% in 2011, aims to produce a million units by the year … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

US Stocks Retreat On Greece Worries

Posted: 06 Mar 2012 08:27 AM PST

03/06/12 The major equity averages tumbled over 1%, with the S&P 500 sliding the most in 2012. The Greek PSI deadline and global growth concerns continued to add downward pressure to global … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Kohl’s February Sales Dip

Posted: 06 Mar 2012 08:25 AM PST

Department store Kohl's Corporation (NYSE:KSS) has posted negative same-store sales results for the month of February compared with the prior year period. However, the total sales for the period increased, benefiting from the regions of the Midwest and Northeast.
Amid a challenging sales environment, Kohl's comparable store sales dipped 0.8% for the four-weeks ended February 25, 2012, after an increase of 0.6% in January 2012. However, same-store sales of accessories along with men’s and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

ESRX Loss Hurts Walgreen’s Feb Sales

Posted: 06 Mar 2012 08:15 AM PST

The termination of the Express Scripts (NASDAQ:ESRX) contract continues to affect  Walgreen (NYSE:WAG) sales. Comparing the first 28 days in February 2012 with February 2011, the company recorded a modest 1.5% year-over-year growth in sales to $5.86 billion for the month of February 2012. Total front-end sales increased 6.9% with a 2.0% rise in comparable store front-end sales. 
Prescriptions filled at comparable stores decreased 9.5% in February this year. Lower incidence of flu (down by 1.2 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Greek Debt Concerns Push The Euro Even Lower

Posted: 06 Mar 2012 03:00 AM PST

03/06/12 The euro has continued its slide this morning as Greek debt restructuring concerns and a contraction in the eurozone economy helped push the euro even lower against its safer-haven … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Commodity Currencies Dive Even As ECB Balance Sheet Tops €3 Trillion

Posted: 06 Mar 2012 07:10 AM PST

Fundamental Headlines
- Goldman's Secret Greece Loan Reveals Sinners – Bloomberg
- Private Investors of Greek Debt to Join Swap – Bloomberg
- Bondholder Group Sees 1 Trillion Euro Greek Default Risk – Reuters
- China Foothold in U.S. Energy – WSJ
- U.S., Israel Pull Closer on Iran – WSJ
European Session Summary
Higher yielding currencies and risk-correlated assets continued their move lower in the Asian and European sessions as it is becoming more evident that market participants … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

As Euro Drops, So Does Oil

Posted: 06 Mar 2012 02:00 AM PST

03/06/12 Oil prices were falling to trade just above $105 a barrel as the euro continued its recent decline against the dollar amid groing Greek deal … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stocks Taking A Beating On Greek Debt Deal Uncertainty

Posted: 06 Mar 2012 06:00 AM PST

03/06/12 Stocks were sharply lower Tuesday on renewed concerns that Greece and its private bondholders will not meet its deadline to complete a debt … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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