Tuesday, March 13, 2012

DailyMarkets.com - Initiating Coverage Of Aethlon Medical

DailyMarkets.com - Initiating Coverage Of Aethlon Medical

Initiating Coverage Of Aethlon Medical

Posted: 13 Mar 2012 12:05 PM PDT

We have initiated coverage of Aethlon Medical.  See below for access to our full 16-page report on the company.  
Brian Marckx, CFA

Aethlon Medical Inc. (AEMD.OB) is a medical device company which is engaged in the development of an extracorporeal (i.e. – outside of the body) blood filtration device designed to selectively remove harmful particles from the circulatory system.  Using the company’s patent protected Adaptive Dialysis-Like Affinity Platform Technology (ADAPT), … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forest Candidate Scores In Study

Posted: 13 Mar 2012 12:05 PM PDT

Forest Laboratories, Inc. (NYSE:FRX) and Pierre Fabre Medicament recently announced positive top-line data on their phase III candidate, levomilnacipran, which is being developed for the treatment of adults with major depressive disorder (MDD).
Results from the randomized, double-blind, placebo-controlled, flexible-dose study showed that patients in the levomilnacipran arm experienced a significant reduction in depression symptoms compared to patients on placebo. The reduction was experienced as … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Metal Hip Implants Under Review

Posted: 13 Mar 2012 11:50 AM PDT

There is some bad news around for orthopedic devices companies who deal in metal-on-metal ("MoM") hip replacements. A study published recently in The Lancet, the peer-reviewed medical journal, found that failure rates of MoM total hip replacements ("THR") are alarmingly on the higher side.
While THR is a common treatment procedure, it has been observed that some placements fail, especially in younger patients, due to dislocation or material wear. To address these issues, large diameter … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Anadarko Confident In 2012 Outlook

Posted: 13 Mar 2012 11:35 AM PDT

Independent oil and gas producer Anadarko Petroleum Corporation (NYSE:APC) unveiled its 2012 outlook and capital program. The company expects to surpass its impressive 2011 sales performance in 2012. The company targets sales volumes of about 256 – 260 million barrels of oil equivalent (MMBOE) in 2012, compared with net sales volumes of 248 MMBOE in 2011. In the first quarter of 2012, the company expects sales volumes to be in the range of 61 – 63 MMBOE.
Anadarko also outlined its 2012 capital … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Momentum Stock: Dollar Thrifty Automotive Group (correction: CEO Not Replaced)

Posted: 13 Mar 2012 11:30 AM PDT

Dollar Thrifty Automotive Group, Inc. (DTG)
It was less than two months ago when DTG hit the Momentum list as Rank Buy.  At the time, the stock was trading at $71 a share.  Shares have since rallied 13% to a new 52 week high of over $80 and continue to build on the tremendous momentum we have seen since October 2011.
Prior to its most recent report, DTG showed strong Q3 results and beat estimates across the board.  They saw improving rent rates and increasing demand.  … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Mack-Cali Declares Cash Dividend

Posted: 13 Mar 2012 11:20 AM PDT

Mack-Cali Realty Corporation (NYSE:CLI), one of the largest office REITs in the U.S., has recently declared a cash dividend of 45 cents per share or $1.80 on an annualized basis. The first quarter 2012 dividend is payable on April 13, 2012 to shareholders of record as of April 4.
A steady dividend payout facilitates the long-term strategy of Mack-Cali to provide attractive risk-adjusted returns to its stockholders. The company has also historically promulgated a dividend reinvestment and direct … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Momentum Stock: Dollar Thrifty Automotive Group (correction *CEO Not Replaced)

Posted: 13 Mar 2012 11:15 AM PDT

Dollar Thrifty Automotive Group, Inc. (DTG)
It was less than two months ago when DTG hit the Momentum list as Rank Buy.  At the time, the stock was trading at $71 a share.  Shares have since rallied 13% to a new 52 week high of over $80 and continue to build on the tremendous momentum we have seen since October 2011.
Prior to its most recent report, DTG showed strong Q3 results and beat estimates across the board.  They saw improving rent rates and increasing demand.  … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Momentum Stock: Dollar Thrifty Automotive Group (correction

Posted: 13 Mar 2012 11:10 AM PDT

Dollar Thrifty Automotive Group, Inc. (DTG)
It was less than two months ago when DTG hit the Momentum list as Rank Buy.  At the time, the stock was trading at $71 a share.  Shares have since rallied 13% to a new 52 week high of over $80 and continue to build on the tremendous momentum we have seen since October 2011.
Prior to its most recent report, DTG showed strong Q3 results and beat estimates across the board.  They saw improving rent rates and increasing demand.  … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Big Drop In Natural Gas Rig Count

Posted: 13 Mar 2012 11:10 AM PDT

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 natural gas-directed rigs, partially offset by improved oil rig count.
The Baker Hughes rig count, issued since 1944, acts as an important yardstick for drilling contractors such as Transocean Inc. (RIG), Diamond Offshore (DO), Noble Corp. (NE), Nabors … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

No Square To Spare! Toilet Paper Battle Turns Messy In NJ

Posted: 13 Mar 2012 11:00 AM PDT

03/13/12 A budget battle in Trenton, NJ between the mayor and City Council has prevented the city from purchasing toilet paper and supplies likely won’t last through the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Momentum Stock: Dollar Thrifty Automotive Group (correction ? CEO Not Replaced)

Posted: 13 Mar 2012 10:50 AM PDT

Dollar Thrifty Automotive Group, Inc. (DTG)
It was less than two months ago when DTG hit the Momentum list as Rank Buy.  At the time, the stock was trading at $71 a share.  Shares have since rallied 13% to a new 52 week high of over $80 and continue to build on the tremendous momentum we have seen since October 2011.
Prior to its most recent report, DTG showed strong Q3 results and beat estimates across the board.  They saw improving rent rates and increasing demand.  … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Exxon Mulls Over Turkey Prospects

Posted: 13 Mar 2012 10:50 AM PDT

Oil major ExxonMobil Corporation (NYSE:XOM) and Turkey's state energy company TPAO met recently to discuss shale gas exploration prospects in that country.
Per the early 2011 study conducted by the U.S.government, Turkey is believed to hold about 15 trillion cubic feet of technically recoverable shale gas. TPAO considers its partnership with ExxonMobil helpful in exploring gas in a more efficient manner.
Currently, ExxonMobil is contemplating the potential at Trakya, in western Turkey. Based on … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Frisch’s To Dispose Golden Corral

Posted: 13 Mar 2012 10:40 AM PDT

Frisch’s Restaurants Inc. (FRS) recently inked an asset purchase agreement with NRD Holdings LLC for the sale of its Golden Corral operations in Ohio, Indiana, Kentucky, West Virginia and Pennsylvania. Financial terms of the deal are yet to be closed. Frisch's is expected to seal the deal by the end of its fiscal year on May 29, 2012.
The company primarily operates under two segments namely Big Boy, a full service family-style restaurants, and Golden Corral—grill buffet style restaurants. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Willis: “Volume Is Absolutely Horrendous”

Posted: 13 Mar 2012 05:38 AM PDT

03/13/12 Sunrise Securities’ Ben Willis discusses the lack of participation in the US equity market and technical levels for the S&P 500. Willis also talks about the latest fundamentals coming out from … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Central Bank Of Russia Holds Refi Rate At 8.00%

Posted: 13 Mar 2012 10:36 AM PDT

The Central Bank of Russia kept its benchmark refinancing rate steady at 8.00%.  The Bank said: “The dynamics of the main macroeconomic indicators in January showed that the rates of growth in consumption were still higher than in production. Real wage growth rate remained high, partly due to its dynamics in the public sector of economy, while the rate of unemployment remained rather low. The consumer credit activity also stays robust. At the same time production growth … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Baker In Kirkuk Talks

Posted: 13 Mar 2012 10:25 AM PDT

U.S. oilfield service company, Baker Hughes Inc. (NYSE:BHI) has entered into a discussion with Iraqi authorities for the development of Kirkuk oil fields in northern Iraq. Schlumberger (NYSE:SLB) and U.K. super giant BP Plc (NYSE:BP) have also shown interest for the Kirkuk development project.
In its quest to generate 600,000 barrels a day in due course of time in the Kirkuk oil field, Iraq intends to sign a long-term deal, spanning five to ten years, with one of these three companies.
The Iraqi … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Grainger Sales On Growth Trajectory

Posted: 13 Mar 2012 10:25 AM PDT

W.W. Grainger (NYSE:GWW) reported year- over- year sales growth of 18% in February 2012, an upsurge from January sales growth of 17%. The sale growth recorded is the highest so far in 2012 and has also outperformed the 2011 peak of 16%.
Acquisitions added 5 percentage points to growth, mainly due to the Fabory business acquired in August 2011. Organic sales increased 13% with higher volume contributing 12 percentage points and pricing, adding 3 percentage points. However, a 2-percentage point dip … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Yahoo Attacks Facebook

Posted: 13 Mar 2012 10:00 AM PDT

Web pioneer Yahoo Inc (NASDAQ:YHOO) is taking social networking giant Facebook to court, alleging infringement of 10 patents related to social networking, customization, privacy, advertising and instant messaging.
While Yahoo did not specify the extent of damages, they are looking for a big amount, based on their ability to prove Facebook's blatant and intentional infringement. Yahoo is also looking for an injunction against Facebook until the matter is decided through trial.
Facebook, for its … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Invesco’s February AUM Rises

Posted: 13 Mar 2012 10:00 AM PDT

Invesco Ltd. (NYSE:IVZ) reported a 3% rise in its preliminary month-end assets under management (AUM) for the month of February 2012. The company's AUM for the reported month was $667.6 billion, up from $648.3 billion at the end of January 2012.
Invesco's February AUM primarily benefited from positive market returns, foreign exchange and long-term net inflows. Foreign exchange led to $0.8 billion rise in the AUM during the month under review.
Invesco's preliminary Active AUM stood at $558.1 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Amdocs Stays Neutral

Posted: 13 Mar 2012 10:00 AM PDT

Amdocs Ltd. (NYSE:DOX) posted weak financial results for the first quarter of fiscal 2012, missing the Zacks Consensus Estimates. However, management provided a strong financial outlook for the rest of 2012. Amdocs offers a portfolio of several industry-leading technology integration products for managed services and large transformational project. Despite facing a volatile global macro economy, the company is successfully executing its operations across geographies. Amdocs benefited from the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Cola Giants Adjust Caramel Color (revised)

Posted: 13 Mar 2012 10:00 AM PDT

Cola giants PepsiCo Inc (NYSE:PEP) and Coca-Cola Co (NYSE:KO) recently announced that they will update the manufacturing process of the caramel color used in all their products.

Both Coca-Cola and PepsiCo use caramel coloring to give their respective colas a distinctive brown color. The Center for Science in the Public Interest (CSPI) recently released studies which showed that the caramel coloring contains large amounts of a chemical, 4-ethylimidazole (4-MI), which has been associated with cancer … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Chart Of The Day: Natural Gas Vs. Oil

Posted: 13 Mar 2012 10:00 AM PDT

Here’s an update of a chart I’ve featured before comparing prices for oil and natural gas on an energy equivalent basis.  To compare oil and gas prices on an equivalent basis, natural gas prices are increased by a factor of 5.8, since one barrel of oil = 5,800,000 BTUs, and natural gas is priced in dollars per million BTUs. 

With natural gas selling for about $2.30 per million BTUs, its energy equivalent price for a barrel of oil would be $13.34, or 87% below the price of  WTI … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bank Of Japan Announces 2 Trillion Yen Enhancement To Loan Program

Posted: 13 Mar 2012 09:37 AM PDT

The Bank of Japan held its interest rate at 0-0.10% and announced 2 trillion yen of enhancements to “the Growth-Supporting Funding Facility” (GSFF) resulting in the GSFF expanding to 5.5 trillion yen. At the Bank of Japan’s regular meeting, board member Mr. R. Miyao proposed to increase the amount of the Asset Purchase Program by about 5 trillion yen, but the proposal was defeated by a majority vote. The Bank noted it will continue with “powerful easing” until it judges its new 1 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Chesapeake-GE Deal To Promote Gas

Posted: 13 Mar 2012 09:30 AM PDT

Oklahoma-based oil and gas producer, Chesapeake Energy Corporation (NYSE:CHK) has formed an alliance with General Electric Company (NYSE:GE) to develop and endorse infrastructure solutions to speed up the acceptance of natural gas as a transportation fuel.
The memorandum of understanding signed between Chesapeake and GE on a product and services development partnership, signifies a multi-year collaboration involving the two companies. Both parties will be involved in the development and introduction … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD Sellers Give Up And The Pair Moves Higher

Posted: 13 Mar 2012 09:21 AM PDT

As per the prior post, the EURUSD showed some signs of bottoming. The price held support at the 50% of the 2012 range. The price moved above some trendlines. The final straw was the break above the 38.2%-50% at the 1.3077/86 area.  Shorts covered and the price extended to the days midpoint.
When the market trends like it did for most of the London session, traders look for support in that move. When the momentum fades and the tide turns back higher, the trend thoughts disappear.  … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Asahi Kasei Buying ZOLL For $2.2B

Posted: 13 Mar 2012 09:15 AM PDT

In a bid to beef up its health care business, Tokyo-based leading chemical manufacturer Asahi Kasei has agreed to take over Resuscitation devices maker ZOLL Medical (NASDAQ:ZOLL) in a deal worth roughly $2.21 billion. The transaction, which has been cleared by the Boards of both companies, is expected to consummate in second-quarter 2012.
ZOLL Medical is a leading player in the global market for external defibrillators (worth more than $1 billion) and competes with Physio-Control, a wholly owned … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

How Does FINRA Lose 8 Hours Of Testimony? Wall Street’s “Kangaroo Court”

Posted: 13 Mar 2012 09:03 AM PDT

I will admit that having written extensively and aggressively about Wall Street's self-regulator FINRA over the last three years, I did not think there was anything more I could see that would surprise me.
Today I am surprised, shocked, and saddened.
For those in our nation who have a semblance of decency and a desire to see due process reflected in legal hearings and financial arbitration, I believe you will be similarly dismayed.
The case to which I will refer strikes deep into the core of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

First Solar, NRG In Solar Pact

Posted: 13 Mar 2012 09:00 AM PDT

First Solar, Inc. (NASDAQ:FSLR) has entered into an agreement with NRG Energy, Inc. (NYSE:NRG) under which the former will build a 26 megawatt ("AC") Avra Valley solar project for the latter. Under a 20-year power purchase agreement, the electricity generated from the project will be sold to Tucson Electric Power.
Located near Tucson, Arizona, the solar project will utilize First Solar's advanced thin-film photovoltaic technology, mounted on the company's single-axis tracker system, which … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Oil Inches Up Ahead Of Fed Meeting

Posted: 13 Mar 2012 04:00 AM PDT

03/13/12 Oil prices slightly rose Tuesday ahead of a Federal Reserve meeting as traders bet an improving U.S. economy will boost … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Harsco Wins Scrap Contract

Posted: 13 Mar 2012 08:40 AM PDT

Recently announced, Harsco Corporation (NYSE:HSC) received a six-year contract from Alfa Acclai Group to provide steel mill services to the latter. The total value of the contract exceeds a whopping $55 million.
Alfa Acclai Group is a reinforced concrete steel manufacturer since 1950. It currently produces around 2.5 million tonnes of steel per year with a global employee database of 1,200 people. Through this contract, Alfa shall effectively reuse its scrap smelting by-products, thereby … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

PX Buys Russian Business

Posted: 13 Mar 2012 08:25 AM PDT

 
The leading industrial gas supplier, Praxair Inc. (NYSE:PX) is putting in all its efforts to expand its businesses worldwide as is clearly visible from the company's acquisition spree in the past few months.
The company, recently, entered into an agreement to acquire industrial and packaged gases business of SIBUR-Russian Tyres for undisclosed financial terms. The business includes two air separation units and a bulk and packaged gas business. Located in the Volgograd Region of the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Dow Soars Above 13K On Retail Sales

Posted: 13 Mar 2012 08:20 AM PDT

03/13/12 The Dow and Nasdaq advanced above key psychological levels on strength in US retail sales. In another sign of an improving economy, American consumers posted a gain in line with … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Look For Increased M&A Activity In Precious Metal, Uranium And Rare Earth Miners In 2012

Posted: 13 Mar 2012 08:18 AM PDT

Check out my recent interview highlighting a very strong start for miners in 2012 and why GST expects an industry consolidation.  Note China continues to purchase undervalued gold miners such as Jaguar Mining.  Rio Tinto has just outbid Cameco for the purchase of Hathor's Roughrider Uranium Deposit.  In the rare earth arena, The Koreans recently made a deal with Frontier Rare Earths and Japan's Toyota finalized an agreement with Matamec, Molycorp acquired Neo Material…do … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

VIX Contango

Posted: 13 Mar 2012 08:18 AM PDT

Tuesday, March 13, 2012
The VIX futures and cash index, for that matter, have outpaced the realized volatility of the S&P 500. Equity prices continue to slowly grind higher, and conditions suggest that this trend may continue. Some traders may perhaps wish to attempt to capture the convergence between the cash VIX and the futures by considering going short the April VIX future with a target of 16.00. Additionally, some traders may choose to short puts in the VIX for the April expiration to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bull’s Eye!

Posted: 13 Mar 2012 08:18 AM PDT

Monday, March 12, 2012
Some traders who are looking for Bond prices to finally take out support at the low end of the trading range may perhaps wish to consider exploring buying a bear put spread in Bond futures options. For example, with June Bonds trading at 140-02 as of this writing, the May 140 puts could be bought and the May 137 puts sold for 1-08, or $1,125, not including commissions. The total investment in the put spread would be the maximum potential loss on the trade, with a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD Inches Higher Toward Resistance. Can Downside Momentum Continue.

Posted: 13 Mar 2012 08:17 AM PDT

The EURUSD is showing signs of the trend down slowing. The price hit the 50% of the 2012 range, the price has moved above the steep trend channel and is looking to move above the broken channel from earlier today (see chart trendlines above). Now the next hurdle will be the 38.2%-50% of the last leg down between the 1.30779 to 1.30862.  A move above this area says to me the shorts have lost their trend like hold on the market.  Traders who bought the dip against 50% level, will have … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: USDCNH Moves Higher Today On Easing Concerns

Posted: 13 Mar 2012 08:17 AM PDT

The USDCNH broke above the 100 day MA for the 1st time since December 15th at the 6.3325 level. The price extension has moved to the highest level in 2012 (6.3406 was the previous high. Today's high reached 6.3429)  but has backed off and the price is back below that 2012 high level. The pair has been supported  by the thought that the PBOC will continue to lower the banks reserve … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Dollar At 11-month High Versus Yen

Posted: 13 Mar 2012 02:00 AM PDT

03/13/12 Expectations that a U.S. economic revival will prevent the Federal Reserve from resorting to fresh stimulus measures has helped lift the dollar this monring against both the euro and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

US Futures Up On Strong Retail Report

Posted: 13 Mar 2012 06:00 AM PDT

03/13/12 Strong February retail sales results helped lift US stock market futures … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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