DailyMarkets.com - FTI Downgraded To Neutral
DailyMarkets.com - FTI Downgraded To Neutral |
- FTI Downgraded To Neutral
- Covidien Intros HALO60 Catheter
- Earnings Scorecard: Kroger
- Plains Issues Units To Buy BP Biz
- Hot Option Plays: Look At The Probability
- Hot Option Plays: Market Testing Resistance
- Rock On! Fender Files For I.P.O.
- General Dynamics Stays Neutral
- Symantec Makes Ties With Autodesk
- Willis: ” Greece Euphoria…sign Of Few Players In Equity Market”
- U.S. Bancorp Upped To Outperform
- Western Union To Serve UK Pensioners
- Tam Upgraded On Market Strength
- Kansas City Southern Kept Neutral
- Shock! Suspended Chevy Volt Is European Car Of The Year
- Earning Preview: Hibbett Sports
- ECB Maintains Policy Settings, Holds Rate At 1.00%
- Merck’s 1Q Guidance Lags Expectations
- Favorable Ruling For Activision
- Mixed Signals
- DIRECTV Issues Debt
- Bearish On AGL Resources’ Future
- Stock Market News Briefs: Apple, American Eagle Outfitters, CIENA, Discovery Laboratories
- BJ’s Restaurants Downgraded
- Optimism On Greek Bonds, U.S. Jobs
- Nissan Invests In U.K. Plant
- Apple Upgraded To Outperform
- Harsco Receives Railway Contracts
- Reaffirming DexCom At Neutral
- H&R Block Narrows Loss, Lags Ests
- Solid Quarter As Diversification Continues At InTEST
- Pall Corp. Underperforms Estimates
- HSBC Reiterated At Underperform
- CVS’ New “Pharmacy Home” Plan
- Boston Scientific Remains Neutral
- MarkWest To Develop Utica Acreage
- Goldman Records Loss In Asia
- Statoil Skrugard Appraisal Success
- Wall Street Higher On Greek Deal Optimism
- Greek Optimism Lifts Euro
- Please Sign Petition Re: Peter Sivere – George Demos
- Oil Hovers Above $106 On Iranian Nuclear Tension
- Legal Double Standard: Wind Energy Industry Gets Unofficial License To Kill Birds, Oil And Gas Don’t
- America’s Obsessive Focus On College Degrees
- The Town In The Middle Of The Oil Boom
- Markets Lifted By Hopes Of Greek Bond Swap
- Dollar At A Critical Juncture
Posted: 08 Mar 2012 11:55 AM PST We are downgrading our long-term recommendation on Baltimore, Maryland-based FTI Consulting Inc. (NYSE:FCN) from Outperform to Neutral based on negative factors, including lackluster performance of the Corporate Finance and Restructuring segments despite a turnaround, and weak client spending owing to increased uncertainty surrounding the current market environment, particularly in Europe. |
Covidien Intros HALO60 Catheter Posted: 08 Mar 2012 11:55 AM PST Leading health care products maker Covidien (NYSE:COV) has commenced the commercial launch of the HALO60 ablation catheter designed for the treatment of Barrett's esophagus, a pre-cancerous condition of the lining of the esophagus (tube which carries food from the throat to the stomach). |
Posted: 08 Mar 2012 11:30 AM PST The Kroger Company (NYSE:KR) holds a significant position among the nation's largest grocery retailers, and remains committed to battle the tough economy, and keep its head high. |
Plains Issues Units To Buy BP Biz Posted: 08 Mar 2012 11:20 AM PST Plains All American Pipeline, L.P. (NYSE:PAA) announced that it has commenced the process of an underwritten public offering of 5.0 million of its common units representing limited partner interests. The partnership will allow the underwriters of the issue a window of 30 days to purchase up to 750,000 additional common units to cover over-allotments, if necessary. The partnership has fixed the unit price at $80.03. |
Hot Option Plays: Look At The Probability Posted: 08 Mar 2012 11:18 AM PST Cusick’s Corner 03-07-2012 |
Hot Option Plays: Market Testing Resistance Posted: 08 Mar 2012 11:18 AM PST Cusick’s Corner |
Rock On! Fender Files For I.P.O. Posted: 08 Mar 2012 11:15 AM PST 03/08/12 Fender Musical Instruments Corp., the maker of legendary guitars, filed papers Thursday for a $200 million initial public offering at the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards |
General Dynamics Stays Neutral Posted: 08 Mar 2012 11:10 AM PST General Dynamics Corporation (NYSE:GD) posted mixed results for the December quarter, surpassing the Zacks Consensus Estimate on the topline but only matching the consensus at the bottom. Looking forward, key drivers include the improving business jet market, its stable business of U.S. military vehicles, a backlog of over $57 billion, an ongoing share repurchase program and strong cash flow generation. |
Symantec Makes Ties With Autodesk Posted: 08 Mar 2012 11:00 AM PST In order to ensure better management of its eDiscovery process, Autodesk Inc. (NASDAQ:ADSK) has recently selected Symantec Corporation's (NASDAQ:SYMC) Clearwell eDiscovery platform. Per the deal, Autodesk will deploy Clearwell to gain greater control over the eDiscovery platform, which is expected to streamline the solution, through review and production for better time management and cost reduction. |
Willis: ” Greece Euphoria…sign Of Few Players In Equity Market” Posted: 08 Mar 2012 05:40 AM PST 0/3/08/12 Sunrise Securities’ Ben Willis talks fundamentals affecting the equity markets. The outlook for the BRIC nations, EU and FOMC are also … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards |
U.S. Bancorp Upped To Outperform Posted: 08 Mar 2012 10:35 AM PST We are upgrading our recommendation on U.S. Bancorp (NYSE:USB) to Outperform from Neutral based on its solid fundamentals in the midst of a challenging economic environment. |
Western Union To Serve UK Pensioners Posted: 08 Mar 2012 10:25 AM PST Western Union Business Solutions, a segment of Western Union Co. (NYSE:WU) has announced an agreement with UK-based Mercer Outsourcing, a global leader in human resource consulting and related services, to serve retirees. |
Tam Upgraded On Market Strength Posted: 08 Mar 2012 10:11 AM PST We upgrade our recommendation on TAM S.A (NYSE:TAM) from Neutral to Outperform. |
Kansas City Southern Kept Neutral Posted: 08 Mar 2012 10:05 AM PST Despite volatility in demand stemming from the ongoing economic upheaval, Kansas City Southern (NYSE:KSU) continues to post strong year-over-year growth backed by a favorable pricing environment. We remain encouraged by the company's segment performance and look forward to accelerated growth, particularly in Intermodal, export coal and automotive shipments. We believe CSX will deliver volume growth above GDP levels, in parallel with pricing above inflation. |
Shock! Suspended Chevy Volt Is European Car Of The Year Posted: 08 Mar 2012 10:00 AM PST 03/08/12 The Chevrolet Volt may not be selling well, but it’s one of the most lauded cars in history as the plug-in hybrid was named the 2012 European Car of the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards |
Earning Preview: Hibbett Sports Posted: 08 Mar 2012 09:51 AM PST Hibbett Sports Inc. (NASDAQ:HIBB) is scheduled to report its fourth-quarter 2012 financial results before the opening bell on March 9, 2012. The current Zacks Consensus Estimate for the quarter is earnings of 57 cents a share. For the quarter under review, revenue is expected to be $193 million, according to the Zacks Consensus Estimate. |
ECB Maintains Policy Settings, Holds Rate At 1.00% Posted: 08 Mar 2012 09:50 AM PST The European Central Bank (ECB) held its Main refinancing operations rate unchanged at 1.00%. ECB governor, Mario Draghi, said: “Looking ahead, we are firmly committed to maintaining price stability in the euro area, in line with our mandate. To this end, the continued firm anchoring of inflation expectations – in line with our aim of maintaining inflation rates below, but close to, 2% over the medium term – is of the essence.” Previously the ECB cut the interest rate … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards |
Merck’s 1Q Guidance Lags Expectations Posted: 08 Mar 2012 09:36 AM PST Merck (NYSE:MRK) recently provided guidance for the first quarter of 2012. The company said that it expects to earn 95-98 cents in the first quarter. Merck's guidance lagged expectations with the first quarter Zacks Consensus Estimate currently standing at $1.01 per share (high estimate of $1.09 per share and low estimate of 95 cents). |
Favorable Ruling For Activision Posted: 08 Mar 2012 09:27 AM PST Video game developer and publisher, Activision Blizzard Inc (NASDAQ:ATVI) emerged as the victor in the first bout of its legal battle against its former employees Jason West and Vince Zampella. According to Bloomberg, a California Superior Court Judge dismissed a fraudulent-inducement claim, but agreed to conduct a full hearing on the claim for promissory fraud. |
Posted: 08 Mar 2012 09:23 AM PST Thursday, March 8, 2012 |
Posted: 08 Mar 2012 09:03 AM PST DIRECTV’s (NASDAQ:DTV) unit DIRECTV Holdings LLC, decided to issue $4 billion debts in three tranches of $1.25 billion, $1.5 billion and $1.25 billion, respectively, maturing 2017, 2022 and 2042. The issued debts carry a respective interest rate of 2.4%, 3.8% and 5.15%. The debt issuance is expected to be closed by March 8, 2012. |
Bearish On AGL Resources’ Future Posted: 08 Mar 2012 09:03 AM PST We have maintained our Underperform recommendation on energy services holding company AGL Resources Inc. (GAS) considering its weak fundamentals and tepid outlook. The disappointing fourth quarter results and a number of other challenges have added to this bearishness. |
Stock Market News Briefs: Apple, American Eagle Outfitters, CIENA, Discovery Laboratories Posted: 08 Mar 2012 09:03 AM PST
Tech-giant Apple Inc. (NASDAQ:AAPL) grabbed the spotlight after it unveiled the newest iPad, enabled with 4G technology Ciena Corporation's (NASDAQ:CIEN) first quarter fiscal 2012 loss per share of $0.26 came in wider than the Zacks Consensus Estimate of a loss of $0.17 After Discovery Laboratories, Inc. (NASDAQ:DSCO) received approval from the Food and Drug Administration for its medication for treating infants' respiratory problems, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards |
Posted: 08 Mar 2012 09:03 AM PST We have recently downgraded our long-term rating on the shares of BJ’s Restaurants Inc. (NASDAQ:BJRI) to Neutral from Outperform due to the higher cost structure for 2012 as well as tougher sales comparison in the upcoming first quarter. |
Optimism On Greek Bonds, U.S. Jobs Posted: 08 Mar 2012 09:03 AM PST This morning's favorable news flow should help stocks sustain the positive momentum from Wednesday. Greece's private sector bond swap, whose uncertain fate had gripped the markets in recent days, appears to be attracting enough participation to make the deal binding on all bondholders. |
Posted: 08 Mar 2012 09:03 AM PST Japan's second largest automaker Nissan Motors Co. (NASDAQ:NSANY) announced that it will invest £125 million ($198 million) at its plant in Sunderland, northeast England in order to manufacture the new Invitation compact car. The move will create 2,000 jobs at Nissan and its suppliers in Britain. It will raise the workforce at the Sunderland plant by 600 people to 6,000 workers. |
Posted: 08 Mar 2012 09:03 AM PST After a stellar first quarter, we have upgraded Apple Inc. (NASDAQ:AAPL) from Neutral to Outperform with a price target of $654.00. Apple reported robust revenues, driven by strong holiday season sales based on the ramp in demand for the new iPhone 4S. Better-than-expected sales from the iPad and Mac series also helped Apple to register a stupendous first quarter 2012. |
Harsco Receives Railway Contracts Posted: 08 Mar 2012 09:03 AM PST Harsco Corporation (NYSE:HSC) has received international contract awards of more than $25 million to provide railway track equipment, parts and maintenance services. These shall cater to customers in the U.S., Canada and Australia. |
Posted: 08 Mar 2012 09:03 AM PST We remain Neutral on DexCom (NASDAQ:DXCM), a prominent player in the continuous glucose monitoring market. Its fourth-quarter fiscal 2011 loss per share of 18 cents was a penny higher than the Zacks Consensus Estimate. Losses widened year over year despite solid double-digit growth in the top line. |
H&R Block Narrows Loss, Lags Ests Posted: 08 Mar 2012 09:03 AM PST H&R Block Inc.'s (NYSE:HRB) adjusted loss of 1 cent per share in fiscal third-quarter 2012, ending January 31, lagged the Zacks Consensus Estimate of 6 cents. Loss narrowed from 6 cents incurred in the year-ago period. Adjusted loss for the quarter was $3.6 million, comparing favorably with loss of $11 million reported in fiscal third-quarter 2011. |
Solid Quarter As Diversification Continues At InTEST Posted: 08 Mar 2012 09:03 AM PST Solid Quarter as Diversification Continues at inTEST On March 7, 2012, inTest Corporation (INTT), an independent designer, manufacturer and marketer of semiconductor automatic test equipment interface solutions and temperature management products, reported financial results for its fiscal 2011 fourth quarter and full year, ended December 31, 2011. Company revenues during the fourth quarter remained steady at $10.081 million compared to revenues of $10.110 million for the three … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards |
Pall Corp. Underperforms Estimates Posted: 08 Mar 2012 09:03 AM PST Pall Corporation (NYSE:PLL) reported second-quarter fiscal 2012 earnings per share from continuing operations of 72 cents, below the Zacks Consensus Estimate of 82 cents but above the prior-year earnings per share of 64 cents. |
HSBC Reiterated At Underperform Posted: 08 Mar 2012 09:03 AM PST We have maintained our long-term Underperform recommendation on HSBC Holdings Plc. (NYSE:HBC) based on the company's weak revenue growth across the mature markets and overall negative impact due to the deepening Euro-zone crisis. Additionally, high inflation in some key Asian markets, sluggish loan growth, insufficient core operating performance and high wage inflation are expected to restrict its growth, at least in the near term. |
Posted: 08 Mar 2012 09:03 AM PST Recently, CVS Caremark (NYSE:CVS) along with Harvard University and Brigham and Women’s Hospital, conducted an extensive research on health policy and came up with some new ways to save more money while being treated. Through the study, they pointed out the importance of a single 'pharmacy home' for pharmacy customers. |
Boston Scientific Remains Neutral Posted: 08 Mar 2012 09:03 AM PST We have reaffirmed our Neutral recommendation on Boston Scientific Corporation (NYSE:BSX) following its fourth quarter and fiscal 2011 results. |
MarkWest To Develop Utica Acreage Posted: 08 Mar 2012 09:03 AM PST Denver, Colorado-based MarkWest Energy Partners, L.P. (NYSE:MWE) announced the signing of a Letter of Intent (LOI) with Gulfport Energy Corporation (NASDAQ:GPOR), whereby the former will extend gathering, processing, fractionation and marketing services in the liquids-rich corridor of the Utica. |
Posted: 08 Mar 2012 09:03 AM PST According to a Securities and Exchange Commission (SEC) filing, in 2011 The Goldman Sachs Group Inc. (NYSE:GS) recorded $103 million loss in the Asian market. Prior to this, during the financial crisis in 2008, Goldman recorded loss of $1.74 billion in Asia for the first time. |
Statoil Skrugard Appraisal Success Posted: 08 Mar 2012 09:03 AM PST Norwegian oil company Statoil ASA (NYSE:STO), the operator of production license (PL) 532, is in the process of concluding the drilling of appraisal well 7220/5-1 in the Skrugard discovery in the Barents Sea. |
Wall Street Higher On Greek Deal Optimism Posted: 08 Mar 2012 08:10 AM PST 03/08/12 US stocks opened in positive territory, lifted by expectations that Greek bond swap with private creditors would be completed. US jobless claims rose more-than-expected, while McDonald’s shares declined on weak global comparable sales … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards |
Posted: 08 Mar 2012 03:00 AM PST 03/08/12 The euro rose against the dollar this morning on hopes that Greece will get enough investors to participate in a debt restructuring deal and secure a second … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards |
Please Sign Petition Re: Peter Sivere – George Demos Posted: 08 Mar 2012 07:10 AM PST Aside from my hope that readers would care enough to share my writing and passion for the Sense on Cents virtues of truth, transparency, and integrity I do not believe I ask for much if anything from those who come here. |
Oil Hovers Above $106 On Iranian Nuclear Tension Posted: 08 Mar 2012 02:00 AM PST 03/08/12 Oil prices hovered above $106 a barrel Thursday as investors remain skeptical that tensions over Iran nuclear program will ease in the near … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards |
Legal Double Standard: Wind Energy Industry Gets Unofficial License To Kill Birds, Oil And Gas Don’t Posted: 08 Mar 2012 06:53 AM PST Eagle killed by wind turbine, one of 1,200 daily wind-related bird fatalities: The graphic video above shows a magnificent eagle getting killed by a wind turbine. According to a 2009 estimate from the U.S. Fish and Wildlife Service (reported on the American Bird Conservancy website here), those bird fatalities happen more than 1,200 times every day (440,000 deaths annually and 50 deaths every single hour of the day on average). For the millions of documented wind-related bird … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards |
America’s Obsessive Focus On College Degrees Posted: 08 Mar 2012 06:27 AM PST Interesting educational facts: 2. In Germany, about 97% of students graduate from high school, but only about 1/3 of those graduates go to college. Those facts are from Alex Tabarrok’s article in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards |
The Town In The Middle Of The Oil Boom Posted: 08 Mar 2012 06:09 AM PST Business Insider — “Ten years ago Williston, North Dakota was a quiet agricultural town with a population around 12,000. Today, because of oil prices and drilling advancements, Williston is home to America’s biggest oil boom and its residents number over 30,000. Home prices are soaring, unemployment is close to zero and people from around the country are flocking here for jobs where the starting pay can easily exceed $100,000. Williston has already received lots of media attention, but what … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards |
Markets Lifted By Hopes Of Greek Bond Swap Posted: 08 Mar 2012 01:00 AM PST 03/08/12 European stocks rose as the deadline on Greece’s debt swap neared and Germany’s industrial output increased more than … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards |
Posted: 08 Mar 2012 05:54 AM PST As we go through the first significant pullback in the market for 2012, the dollar seems to be at a turning point that should influence market trends for the next few months. Going all the way back to 2002, there has been a strong inverse correlation between stocks and commodities, and the U.S. dollar. For the most part, the dollar has been falling during this period, which has helped drive cyclical bull markets in stocks and commodities. More recently, the stock market … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards |
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