Friday, March 16, 2012

DailyMarkets.com - Dean Foods Stays Neutral

DailyMarkets.com - Dean Foods Stays Neutral

Dean Foods Stays Neutral

Posted: 16 Mar 2012 12:02 PM PDT

We maintain our long-term Neutral recommendation on Dean Foods Company (NYSE:DF) with a target price of $13.00 per share. Moreover, it has a Zacks #2 Rank, implying a short-term Buy rating on the stock.
Dean Foods is a leading processor and distributor of milk and other dairy products in the U.S. as well as a leading manufacturer of various specialty food products. The company operates primarily on a local basis, competing mostly with local and regional operators.
Despite increased commodity costs … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Northrop Clinches Foreign Arms Deal

Posted: 16 Mar 2012 11:50 AM PDT

Northrop Grumman Corporation (NYSE:NOC) has landed with an $88 million contract for foreign radar sales. Per the contract, Northrop will sell 43 radar systems for fighter planes to Thailand, Iraq and Oman during the next three years.
Recently, Lockheed Martin Corporation (NYSE:LMT) received a contract to produce two Terminal High Altitude Area Defense Weapon Systems for the United Arab Emirates. In December 2011, The Boeing Company (NYSE:BA) had entered into a contract with Saudi Arabia to supply 84 new … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

ReneSola Posts Mixed Numbers

Posted: 16 Mar 2012 11:35 AM PDT

Before markets opened today, ReneSola Ltd. (NYSE:SOL) reported fourth quarter and fiscal 2011 results. In the reported quarter, the company clocked adjusted loss per American Depositary Share (ADS) of 43 cents per share, falling behind the Zacks Consensus Estimate of 27 cents of loss per ADS. Numbers however were better than the year-ago quarterly loss of 69 cents.
Fiscal 2011 earnings of 0.4 cents per ADS however came below the Zacks Consensus Estimate of 14 cents.  Earnings in the reported … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

NCR In ATM Deal With LegacyTexas

Posted: 16 Mar 2012 11:20 AM PDT

NCR Corp. (NYSE:NCR) will provide its latest SelfServ Automated Teller Machines (ATM) to a North Texas-based financial institution LegacyTexas Bank. Financial details of the deal were not divulged.
The bank will deploy 26 ATMs in 20 locations. The new self-serv ATMs feature Scalable Deposit Module (SDM) technology, which allows simultaneous cash and check deposit in any orientation through a single slot, doubling the speed of ATM transactions.
Per the deal, NCR Corp. will also provide support to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: Range-Bound

Posted: 16 Mar 2012 11:18 AM PDT

Cusick’s Corner 03-16-2012
This has been a very orderly expiration. At this stage I think that the market appears relatively content to stay in a range today, 1400-1405 on the S&Ps. I am looking for some potential setups and considering April opportunities. One note, I will be watching the 1399 level, if the shorts get any momentum into the close then we could see the current support act more like resistance. See you After Hours.
Stock market averages are holding slim gains following a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

E*TRADE’s February DARTs Perk Up

Posted: 16 Mar 2012 11:10 AM PDT

On Wednesday, E*TRADE Financial Corporation (NASDAQ:ETFC), an online brokerage firm,released its Activity Reportfor the month of February 2012, recording a sequential rise in average U.S. trade as investors turned positive due to the improvement in equity markets. However, the trades dropped from the year-ago period.
For the reported month, Daily Average Revenue Trades (DARTs) were 168,973, up 16% sequentially. However, on a year-over-year (y/y) basis, it went down 9%. Broker performance is … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

European Currencies Lead Rally Against U.S. Dollar

Posted: 16 Mar 2012 11:04 AM PDT

Fundamental Headlines
- Goldman Employee Reinforces Need for Volcker Rule – Bloomberg
- Traders Bet Fed Rate to Rise Year Before Late-2014 Pledge – Bloomberg
- Gasoline Pushes up Consumer Prices in February – Reuters
- Banks want Fed to Iron Out 'Maiden' – WSJ
- Pentagon Downplays China's Rare-earths Controls – WSJ
European Session Summary
Trading in the Asian and European sessions was rather choppy last night with most currencies trading in a tight range against the U.S. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Great Wolf In Apollo Suite

Posted: 16 Mar 2012 10:50 AM PDT

Great Wolf Resorts Inc. (NASDAQ:WOLF) recently has agreed to be acquired by an affiliate of Apollo Global Management, LLC (APO) for approximately $703 million, assuming the company's outstanding debt.
The private equity behemoth, Apollo made an offer to purchase all outstanding shares of the Great Wolf common stock for $5.00 per share. As of March 12, 2012, the offer price equates to a premium of 72.9% over the six-month average of Great Wolf's share price, premium of 50.4% over the ninety-day … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

H-P Cloud Apps To Be Aired Shortly

Posted: 16 Mar 2012 10:40 AM PDT

After a long wait, Palo-Alto based tech behemoth Hewlett-Packard Company (NYSE:HPQ) decided to make its cloud computing services public with its second quarter results. The announcement was made by an internal source to New York Times magazine. The announcement was in sync with H-P's intention to shift its focus on the higher-margin cloud computing arena.
As per the internal executive's statement, H-P is about to air its cloud services, which are expected to be similar to the cloud platform … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Polcari: “Lack Of Volume…lack Of Conviction”

Posted: 16 Mar 2012 10:28 AM PDT

03/16/12 ICAP Equities’ Kenneth Polcari weighs in on the latest economic data releases and today’s quadruple witching. The lack of market participation in the equity markets is also … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

If You Took The Greed Out Of Wall Street, All You’d Have Left Is Pavement: Why Greg Smith’s Critique Is Way Too Narrow

Posted: 16 Mar 2012 10:25 AM PDT

Greg Smith, a Goldman Sachs vice president, resigned his post Wednesday with a stinging public rebuke of the firm on the oped page of the New York Times — accusing it of no longer putting its clients before its own pecuniary goals.            
But if Mr. Smith believes his experience at Goldman is something new, he doesn't know history. In 1928, Goldman Sachs and Company created the Goldman Sachs Trading Corporation, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Dover Acquires Maag Group

Posted: 16 Mar 2012 10:25 AM PDT

Dover Corporation (NYSE:DOV) completed the acquisition of the global manufacturer of pump gears, pelletizers and filtration systems; Maag Group. The transaction value of the deal was nearly $285 million.
Earlier in February, Dover announced the inking of a deal with the Scottish industrial investor, Clyde Blowers Capital and the Switzerland based industrial investor, CGS Management to buy Maag Group. Further, it decided that Maag Group would be incorporated in the Pump Solutions Group (PSG) of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Good News For Medtronic DBS Therapy

Posted: 16 Mar 2012 10:15 AM PDT

Leading medical devices player, Medtronic (NYSE:MDT) has received approval from Health Canada for the use of its Deep Brain Stimulation ("DBS") therapy in refractory epilepsy patients. This therapy sends controlled electrical pulses to a location inside the brain responsible for seizures. While the therapy is approved in Europe, it has yet to receive approval in the US for the treatment of refractory epilepsy.
The Health Canada approval is based on data from the SANTE (Stimulation of the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Markets In Everything: College Degree For < $10k

Posted: 16 Mar 2012 10:15 AM PDT

Texas Tribune — “Officials from a few Texas community colleges and universities said that $10,000 bachelor’s degrees are available now — and more will be within the year.  At Texas A&M-San Antonio, a bachelor’s in information technology with an emphasis on cyber security will cost about $9,700. Starting in 2013, a bachelor’s of applied science in organizational leadership will be available for under $10,000 in South Texas … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Range Resources’ Drilling Success (revised)

Posted: 16 Mar 2012 09:50 AM PDT

With the completion of drilling at the Smith 2 and Albrecht 1 wells, Australia-based Range Resources Ltd. witnessed operational success at the North Chapman Ranch Field, onshore Texas.

Range Resources, which holds approximate 20% to 25% interest in the prospect, drilled the Smith 2 well about 1,350 feet southeast of the Smith 1 discovery well. Soon after, moving more toward the southeast of Smith 2 (almost 1,500 feet), the Albrecht 1 was drilled that confirmed traces of the Howell Hight … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Watsco Buys Carrier’s Canada Dis Biz

Posted: 16 Mar 2012 09:50 AM PDT

Watsco, Inc. (NYSE:WSO) is acquiring Carrier’s HVAC (heating, ventilation and air conditioning) distribution network in Canada. The business will be operated as a 60:40 joint venture under the name Carrier Enterprise Canada. The remaining 40% of the joint venture will be held by UTC Climate, Controls & Security, of which Carrier was a unit. The transaction is expected to close by the end of April.
The Watsco-Carrier association goes back to 2009. Watsco had formed another 60:40 joint … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

CIT To Reduce Debt By $1.6 Billion

Posted: 16 Mar 2012 09:40 AM PDT

On Thursday, CIT Group Inc. (NYSE:CIT) announced its intention to redeem about $1.6 billion of its 7% Series C senior unsecured notes. These notes are maturing in 2015 and would be redeemed at par.
CIT aims to complete the redemption on April 16, having already given the redemption notice to the trustees. The Series C notes were issued in December 2009 as a part of the company's reorganization.
Hence, following the completion of this redemption, there will be about $7.2 billion of debt … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

With Rising Wages In China, Production Is Moving

Posted: 16 Mar 2012 09:32 AM PDT

1. From the WSJ on Wednesday:

“Global companies already have been facing higher labor prices in China over the past year, despite a weak global economy, as workers demand a greater share of the country’s economic boom. In recent months, the pressure also has intensified in countries across Southeast Asia that have marketed themselves as alternatives for companies seeking to escape China’s rising costs, leaving those companies now with fewer places to move.

Over the past year, for example, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

BP, Serica In Farm-in Deal

Posted: 16 Mar 2012 09:30 AM PDT

The U.K. supermajor BP Plc (NYSE:BP) has signed a farm-in agreement with London-listed Serica Energy. Per the transaction, which is subject to the approval of the Ministry of Mines and Energy in Namibia, BP will assist Serica in the exploration of four deep-water blocks in Namibia's Luderitz basin.
The license 0047, offshore Namibia, includes blocks 2512A, 2513A, 2513B and a portion of 2612A, which were awarded to Serica only two months back. The license spans approximately 17,400 square … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Markets In Everything: Trade Your Car For A Bike

Posted: 16 Mar 2012 09:17 AM PDT

“With gas prices soaring again, car buyers are looking for more fuel-efficient vehicles. The Santa Monica Mountains Cyclery (SMMC), a bike shop in Woodland Hills near Los Angeles, has a different idea – drivers should opt for bicycles instead. And, to facilitate the transition, for a limited time they will accept cars as trade-ins toward new bicycle purchases.

For a limited time from March 19-25, SMMC will work with a local auto dealer, Vista Ford, and accept cars and SUVs in trade toward … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

BSX Blazer Catheter OK’d In Canada

Posted: 16 Mar 2012 09:10 AM PDT

Boston Scientific Corporation (NYSE:BSX) has received approval from Health Canada for its Blazer Open-Irrigated, radiofrequency ablation ("RFA") catheter. The product would help in addressing conditions like atrial fibrillation, atrial flutter, ventricular tachycardia and other supraventricular tachycardias. The company plans to launch the product in Canada immediately. While Blazer Open-Irrigated Catheter is CE Mark approved, it has yet to receive approval in the US. 
Atrial fibrillation … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Discover Makes Progressive Advances

Posted: 16 Mar 2012 08:55 AM PDT

Discover Financial Services (NYSE:DFS) recently announced that it has decided to implement a 2013 EMV chip mandate for acquirers and direct-connect merchants in the U.S., Canada and Mexico. The company has also extended its ties with Diners Club Ecuador (DCE) through its franchise agreement with the latter to introduce the issuance of Discover cards in the Republic of Ecuador.
Firstly, such deployment efforts towards an EMV chip technology shows that Discover is desirous of providing a smooth and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: AIR

Posted: 16 Mar 2012 08:55 AM PDT

AAR Corp. (AIR) will be reporting its third-quarter 2012 financial results on Tuesday, March 20, 2012, after the close of the market.
The current Zacks Consensus Estimate for earnings per share (EPS) is 49 cents, representing an annualized growth of 9.26%.  
With respect to earnings surprises over the trailing four quarters, AIR outperformed the Zacks Consensus Estimate in two quarters and underperformed in the rest.  Average earnings surprise was a positive 4.43%, indicating that the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

WPP Ventures In Vietnam

Posted: 16 Mar 2012 08:25 AM PDT

 
Advertising titan, WPP plc's (NASDAQ:WPPGY) wholly-owned subsidiary Burson-Marsteller, recently announced to have entered into a joint venture with Vietnam-based Chu Thi Company Limited to form Buroson-Marsteller Vietnam.
Burson-Marsteller, WPP's global public relations and public affairs firm, will capture a majoirty stake in the joint venture, while the other party in the venture, Chu Thi Company would be Vietnam's leader in content industry. The formation of the venture is subject to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stocks Digest Mixed US Data

Posted: 16 Mar 2012 08:20 AM PDT

03/16/12 US stock averages traded on both sides of the flat line, following mixed economic data. Consumer sentiment posted a weaker-than-expected reading, while industrial production remained unchanged. Apple released the new iPad on … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

CSX Projects Record First Quarter

Posted: 16 Mar 2012 08:05 AM PDT

Despite the coal worries, CSX Corporation (NYSE:CSX) foresees record growth in the ongoing first quarter driven by growth in its key segment — Intermodal and Merchandize. The company has recently projected that the upcoming first quarter results will exceed all previous first quarter records on the growing demand for rail freight transportation along with favorable shipments of some of the merchandize product lines.
Despite a slowing macroeconomic environment, Intermodal is expected to do well … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Dollar Sees A Decline On Data

Posted: 16 Mar 2012 03:00 AM PDT

03/16/12 The US dollar saw a decline this morning as a rise in the consumer price index and unchanged industrial production data kept investors away from the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Oil Rises To Near $106

Posted: 16 Mar 2012 07:00 AM PDT

03/16/12 Oil rose in New York as investors bet that fuel demand will increase with an economic recovery in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

US Stock Futures Rise Ahead Of Inflation Data

Posted: 16 Mar 2012 01:00 AM PDT

03/16/12 US stock futures gained ground Friday morning as hope about the economy kept investors optimistic ahead of inflation, production and consumer sentiment … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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