DailyMarkets.com - McDermott Wins Saudi-Kuwaiti Deal
DailyMarkets.com - McDermott Wins Saudi-Kuwaiti Deal |
- McDermott Wins Saudi-Kuwaiti Deal
- Kraft Foods Announces “delicious World”
- AstraZeneca’s TC-5214 Shelved
- Prologis Leases In California
- Symantec To Acquire Nukona
- Hot Option Plays: Steady As The Market Goes
- A.M. Best Rates W.R. Berkley Notes
- Earnings And Data Pepper Calendar
- Why Mitt Won’t Be Able To Hide From His Primary Self (We’re No Longer In An Etch-A-Sketch World)
- MarkWest Downgraded To Neutral
- Agrium Buys Viterra’s Products
- Raytheon To Develop Army Radars
- Fifth Third Stays Neutral
- Liberty Interactive Eyeing China
- Catalyst Health Signs PBM Deal
- Gap Expands To South Africa
- Viacom To Boost Advertising Sales
- Gap In The Land Of Bafana Bafana
- Medco Reiterated At Neutral
- Amazon To Acquire Kiva Systems
- Goldman Plans More Layoffs
- Stocks End Mixed, Nasdaq Hits 11-Year High
- Glaxo’s Non-Core OTC Brands Update
- Caterpillar Sales Dip Further
- NY Times Limits Access
- Fines For Foreclosure Mess Again
- Court Upholds FDA’s Stricter Labels
- Citigroup Lowered To Underperform
- General Mills Falls Shy By A Penny
- Earnings Scorecard: Ross Stores
- 1912 = 2012; So Many Things Change Yet Stay The Same
- Office Depot Walks The Tight Rope
- Earnings Preview: Nike Inc.
- NextEra Unit Files For A Rate Hike
- Hot Option Plays: Grind Continues
- Hot Option Plays: China Slowdown, Really
- Hot Option Plays: Financials Lead
- Hot Option Plays: Gold Still Under Pressure
- Intuitive Remains At Neutral
- Air Products Hikes Dividend
- Panel Votes Against Merck-ARIAD Drug
- Kellogg Up To Neutral
- Costa: “Malaise…markets Taking A Breather”
- Earnings Preview: FedEx
- HP Combines Divisions, Twitter Celebrates Birthday
- Twin Buys To Boost Lexmark Growth
- EPD Aims For More Fractionators
- Earnings Preview: Darden
- Shell Inks Gas Exploration Deal
- Drop Paternalism, Sell The Pill Over-the-Counter
- Blogger’s Back
- Coca-Cola Stays Neutral
- Earnings Momentum: Beating Analysts At Their Own Game
- Euro Gains Vs Yen, Steady Against Dollar
- Oil Rises After Supplies Unexpectedly Fall
- The Trend Trader For ETF Trading On Thursday, March 22, 2012
- The Trend Trader For Stock Trading On Thursday, March 22, 2012
- The Trend Trader For Futures Trading On Thursday, March 22, 2012
- The Trend Trader For Forex Trading On Thursday, March 22, 2012
- Why Gold Can Go The Distance
McDermott Wins Saudi-Kuwaiti Deal Posted: 21 Mar 2012 04:09 PM PDT Energy-focused engineering and construction firm McDermott International (NYSE:MDR) announced that one of its units has received a full engineering, procurement, construction, and installation ("EPCI") of a platform for Al-Khafji Joint Operations (KJO) in Hout development – an oilfield shared by Saudi Arabia and Kuwait. |
Kraft Foods Announces “delicious World” Posted: 21 Mar 2012 03:58 PM PDT 03/21/12 Kraft Foods will name its global snack company spinoff: Mondelēz International. The name meant to evoke the image of a “delicious world,” will be the corporate name behind products including Cadbury candies, Oreo cookies and Trident … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards |
Posted: 21 Mar 2012 03:55 PM PDT AstraZeneca (NYSE:AZN) and Targacept Inc. (NASDAQ:TRGT) recently announced top-line results from the remaining RENAISSANCE phase III efficacy and tolerability trials evaluating TC-5214. TC-5214 was being evaluated as an adjunct treatment for major depressive disorder (MDD) patients who have not responded adequately to initial antidepressant therapy. Both RENAISSANCE 4 and RENAISSANCE 5 failed to meet their primary endpoints. |
Posted: 21 Mar 2012 03:50 PM PDT Prologis Inc. (NYSE:PLD), a leading industrial real estate investment trust (REIT), has recently signed a new lease agreement spanning 270,764 square feet of its development portfolio in Carson, California. With the deal, the facility is presently fully leased to 3PL Global LLC, a third-party logistics provider. |
Posted: 21 Mar 2012 03:35 PM PDT Symantec Corporation (NASDAQ:SYMC) upped its acquisition count with the recent takeover of privately-held Nukona Inc., a provider of mobile application management (MAM) services. The financial terms of the acquisition were not disclosed. |
Hot Option Plays: Steady As The Market Goes Posted: 21 Mar 2012 03:24 PM PDT Cusick’s Corner 03-21-2012 |
A.M. Best Rates W.R. Berkley Notes Posted: 21 Mar 2012 03:20 PM PDT W.R. Berkley Corp. (NYSE:WRB) recently issued $350 million senior unsecured notes, which have been assigned a debt rating of "a-" by the rating agency A.M. Best Co. The rating agency holds a stable outlook over its rating. These are investment grade ratings and signal the rating agency's confidence in the company's ability to meet its senior obligations. |
Earnings And Data Pepper Calendar Posted: 21 Mar 2012 03:20 PM PDT 03/21/12 A handful of global PMI data will be released on Thursday. US earnings and economic readings on housing, jobs and leading indicators are also on the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards |
Why Mitt Won’t Be Able To Hide From His Primary Self (We’re No Longer In An Etch-A-Sketch World) Posted: 21 Mar 2012 03:18 PM PDT Romney spokesman Eric Fehrnstrom couldn't have said it better – or worse. When asked by CNN Wednesday morning whether Mitt was being pushed so far to the right by Rick Santorum and Newt Gingrich that he'd be handicapped in the general election, Fehrnstrom said "you hit a reset button for the fall campaign. Everything changes. It's almost like an Etch-A-Sketch. You kind of shake it up and restart all over again." |
MarkWest Downgraded To Neutral Posted: 21 Mar 2012 03:15 PM PDT We have downgraded pipeline operator MarkWest Energy Partners L.P. (NYSE:MWE) to Neutral from Outperform purely on valuation grounds, as we see limited near term price upside. |
Agrium Buys Viterra’s Products Posted: 21 Mar 2012 03:05 PM PDT Agrium Inc. (NYSE:AGU) announced that it has penned a deal with Glencore International plc. to buy the majority of Viterra Inc.’s agri-products business for $1.15 billion in addition to working capital. Agrium estimates the amount of working capital required for the business to be around $0.5 billion. |
Raytheon To Develop Army Radars Posted: 21 Mar 2012 02:50 PM PDT Raytheon Company (NYSE:RTN) has entered into a $45.5 million agreement with the U.S. Army for prototype development of the Ku Band Multi-Function RF System (MFRFS) Sense and Warn (S&W) radars. This agreement is an extension of U.S. Army’s Future Combat Systems (FCS) program. The FCS program is a defense modernization plan adopted by the U.S. Army to increase its operational success and supply improvised and modern ammunitions to the armed troops. |
Posted: 21 Mar 2012 02:50 PM PDT We are reaffirming our Neutral recommendation on Fifth Third Bancorp (NASDAQ:FITB) following a detailed analysis of the company fundamentals in light of the current economic and regulatory environment and post the stress test results. |
Liberty Interactive Eyeing China Posted: 21 Mar 2012 02:50 PM PDT Liberty Interactive Corp. (NASDAQ:LINTA) is diversifying its businesses globally. The company's TV and online retail segment, QVC Inc., recently entered into a definitive agreement to form a joint venture with China National Radio (CNR), the government controlled radio division of China. |
Catalyst Health Signs PBM Deal Posted: 21 Mar 2012 02:30 PM PDT On Monday, Catalyst Health Solutions Inc. (CHSI) announced a long-term agreement with Regence Rx Inc. to exclusively provide pharmacy benefit management ("PBM") service to the latter's clients through its PBM unit – Catalyst Rx. Catalyst Health will also take over Regence's PBM staff, technology and internal client service assets. Moreover, the two companies will jointly create a pharmacy center of excellence in Northwestern U.S. |
Posted: 21 Mar 2012 02:25 PM PDT Only a few days ago we reported about our balanced view on Gap Inc. (NYSE:GPS) and thus reiterated our long-term Neutral recommendation on the premier international specialty retailer. Our prime focus in rendering the balanced view was on the progress of the company's strategic plans. |
Viacom To Boost Advertising Sales Posted: 21 Mar 2012 02:20 PM PDT In a bid to revamp the advertising revenue, Viacom, Inc.'s (VIAB) introduced Surround Sound that promotes target advertising and eventually favors its advertisers. To carry out this process the company has implemented Adobe Systems Inc.'s (NASDAQ:ADBE) AudienceManager, a popular product that offers data management solutions to its client. |
Gap In The Land Of Bafana Bafana Posted: 21 Mar 2012 02:20 PM PDT Only a few days ago we reported about our balanced view on Gap Inc. (NYSE:GPS) and thus reiterated our long-term Neutral recommendation on the premier international specialty retailer. Our prime focus in rendering the balanced view was on the progress of the company's strategic plans. |
Posted: 21 Mar 2012 02:20 PM PDT Recently, we reiterated our Neutral recommendation on Medco Health (NYSE:MHS) with a target price of $74.00. |
Amazon To Acquire Kiva Systems Posted: 21 Mar 2012 02:05 PM PDT Amazon.com Inc. (NASDAQ:AMZN) has announced that it will acquire privately held Kiva Systems, a warehouse automation solution, for $775 million in cash. The deal is expected to close in the second quarter of 2012. Shares jumped 3.9% from last Friday's closing price, indicating a positive sentiment from investors. |
Posted: 21 Mar 2012 02:05 PM PDT According to Reuters, The Goldman Sachs Group Inc. (NYSE:GS) is moving ahead with its cost cutting plan. To start with, the bank has sacked employees in its trading and investment banking divisions. |
Stocks End Mixed, Nasdaq Hits 11-Year High Posted: 21 Mar 2012 09:00 AM PDT 03/21/12 US stocks closed mixed Wednesday, exchanging small gains and losses, during a quiet trading session that left the markets hampered by losses in energy and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards |
Glaxo’s Non-Core OTC Brands Update Posted: 21 Mar 2012 01:55 PM PDT GlaxoSmithKline (NYSE:GSK) recently announced that it has reached an agreement with Omega Pharma to divest non-core over-the-counter (OTC) brands sold in Europe. As per the terms of the agreement, Omega Pharma will pay £391 million (€470 million) in cash to Glaxo. The deal is expected to complete in the second quarter of 2012. |
Posted: 21 Mar 2012 01:55 PM PDT Caterpillar Inc. (NYSE:CAT) recorded machines sales growth of 21% for the three months ending February 29, 2012, keeping up its 22-month run of positive sales growth. However, the sales growth has dipped further from the lowest growth rate of 30% last year and from the 27% clip recorded in January 2012. Engine sales increased 13% across the globe. |
Posted: 21 Mar 2012 01:40 PM PDT The New York Times Company (NYSE:NYT) gets ready to limit the number of free articles that can be read by online traffic visiting the website of its flagship newspaper. Come April, and online visitors will not be able to access more than 10 free articles per month, which is exactly half of what the pay-and-read model offered when the system was launched on March 28, 2011. With this step, the company intends to augment its digital revenue. |
Fines For Foreclosure Mess Again Posted: 21 Mar 2012 01:35 PM PDT After penalizing the country's five largest mortgage servicers last month, the Federal Reserve now plans to fine eight other banks for foreclosure abuses. This was stated by Suzanne G. Killian, a senior associate director of the Fed, at a congressional hearing in Brooklyn. |
Court Upholds FDA’s Stricter Labels Posted: 21 Mar 2012 01:25 PM PDT Reuters and The Wall Street Journal recently reported that Cincinnati-based U.S. Court of Appeals has passed a ruling saying that the U.S. Food and Drug Administration (FDA) can impose restrictions on the graphic labels of the cigarettes packets sold in the country. The ruling also went on to say that these restrictions were not unconstitutional, as they in no way violated the freedom of speech of the tobacco companies. |
Citigroup Lowered To Underperform Posted: 21 Mar 2012 01:25 PM PDT We are downgrading our recommendation on Citigroup Inc. (NYSE:C) to Underperform from Neutral based on its failure to pass the Federal Reserve's most recent stress test. |
General Mills Falls Shy By A Penny Posted: 21 Mar 2012 01:15 PM PDT General Mills Inc (NYSE:GIS) reported fiscal third quarter 2012 adjusted earnings (excluding the effects of mark-to-market valuation of certain commodity positions, Yoplait S.A.S. and Yoplait Marques S.A.S, and a net benefit from certain tax matters in 2011), of 55 cents, 1.8% lower than the prior-year quarter. However, the quarterly earnings lagged the Zacks Consensus Estimate by a penny. |
Earnings Scorecard: Ross Stores Posted: 21 Mar 2012 01:00 PM PDT Ross Stores Inc. (NASDAQ:ROST), one of the leading off-price retailers of apparels and home accessories, posted its fourth-quarter 2011 results last week on Thursday. Thus, the analysts roughly had a week to ponder over and analyze the result. In the subsequent paragraphs, we will cover the recent earnings announcement, analysts' estimate revisions as well as the Zacks Rank and long-term recommendation on the stock. |
1912 = 2012; So Many Things Change Yet Stay The Same Posted: 21 Mar 2012 12:59 PM PDT These posts aren't usually on subjects unrelated to stocks and the market but I just couldn't resist this one. I'm working my way through the last of Edmund Morris' monumental biographical trilogy of Theodore Roosevelt called Colonel Roosevelt. If you … Continue reading … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards |
Office Depot Walks The Tight Rope Posted: 21 Mar 2012 12:50 PM PDT The change in the demand for office supplies products and services remains one of the indicators that describe the health of the economy. The economy has not completely awaken from the state of hibernation, and amidst such a scenario Office Depot Inc. (NYSE:ODP) has to walk the tight rope to juggle with unprecedented situation that may hurt its growth prospects. |
Posted: 21 Mar 2012 12:50 PM PDT Global leader in sports equipment and apparel maker, Nike Inc. (NYSE:NKE) is expected to report its third quarter 2012 earnings after the market closes on Thursday, March 22, 2012. The Zacks Consensus Estimate for the third quarter is $1.16 per share. This represents a year-over-year growth of 7.4%. |
NextEra Unit Files For A Rate Hike Posted: 21 Mar 2012 12:35 PM PDT NextEra Energy, Inc.'s (NEE) subsidiary Florida Power & Light Company has filed for a rate increase with Florida Public Service Commission ("FPSC") to recover investments made by the company for new, high-efficiency natural gas power plants. If approved, the new rates will be effective after January 1, 2013. |
Hot Option Plays: Grind Continues Posted: 21 Mar 2012 12:24 PM PDT Cusick’s Corner 03-19-2012 |
Hot Option Plays: China Slowdown, Really Posted: 21 Mar 2012 12:24 PM PDT Cusick’s Corner 03-20-2012 |
Hot Option Plays: Financials Lead Posted: 21 Mar 2012 12:24 PM PDT Cusick’s Corner 03-20-2012 |
Hot Option Plays: Gold Still Under Pressure Posted: 21 Mar 2012 12:24 PM PDT Cusick’s Corner 03-21-2012 |
Posted: 21 Mar 2012 12:20 PM PDT We reiterate our Neutral rating for Intuitive Surgical (NASDAQ:ISRG). Earnings per share came in at $3.75, beating the Zacks Consensus Estimate of $3.34 and the year-ago earnings of $3.02. Net income climbed 24.8% year over year to $151.2 million. |
Posted: 21 Mar 2012 12:05 PM PDT The Board of leading industrial-gas company Air Products and Chemicals Inc. (NYSE:APD) recently raised the company's quarterly dividend to 64 cents per share from 58 cents, representing a 10.3% increase. This represents the 30th consecutive year of dividend increase by the Pennsylvania-based company. |
Panel Votes Against Merck-ARIAD Drug Posted: 21 Mar 2012 11:50 AM PDT An advisory panel of the US Food and Drug Administration (FDA) recently dealt a blow to Merck (NYSE:MRK) and ARIAD Pharmaceuticals' (NASDAQ:ARIA) oncology candidate, ridaforolimus (proposed trade name: Taltorvic). The FDA's Oncologic Drugs Advisory Committee (ODAC) voted 13-1 against the drug. Merck and ARIAD are looking to get ridaforolimus approved as a maintenance therapy for patients with metastatic soft-tissue sarcoma or bone sarcoma whose disease has not progressed after at least four cycles … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards |
Posted: 21 Mar 2012 11:35 AM PDT We recently upgraded our rating on Kellogg Company (NYSE:K) to Neutral from Underperform following decent fourth quarter results and the acquisition of the Pringles business from Procter & Gamble Company (NYSE:PG) which is likely to be a strategic fit for Kellogg. |
Costa: “Malaise…markets Taking A Breather” Posted: 21 Mar 2012 11:30 AM PDT 03/21/12 Empire Executions’ Peter Costa discusses the broader market and expectations for the upcoming earnings … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards |
Posted: 21 Mar 2012 11:20 AM PDT FedEx Corporation (NYSE:FDX), the world’s second-largest package delivery company, is slated to release its third quarter fiscal 2012 earnings on March 22, before market opens. The current Zacks Consensus Estimate for the third quarter is $1.36, representing a substantial 67.84% annual growth. |
HP Combines Divisions, Twitter Celebrates Birthday Posted: 21 Mar 2012 06:20 AM PDT 03/21/12 Hewlett-Packard will combine its PC and printer divisions. Happy birthday Twitter: the microblogging site turns 6 years old … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards |
Twin Buys To Boost Lexmark Growth Posted: 21 Mar 2012 11:05 AM PDT Lexmark International Inc. (NYSE:LXK) seems to be on track to spur growth and regain its lost market share through back-to-back acquisitions. Earlier this week, the imaging and printing solutions vendor announced that it completed the acquisitions of two software companies for a consideration of $32.0 million each. |
EPD Aims For More Fractionators Posted: 21 Mar 2012 10:55 AM PDT Midstream energy service provider, Enterprise Products Partners L.P. (NYSE:EPD) plans to add two natural gas liquid (NGL) fractionators at its Mont Belvieu, Texas complex to accommodate the mounting production level from the Eagle Ford shale play and enhance its midstream infrastructure. |
Posted: 21 Mar 2012 10:55 AM PDT Darden Restaurants Inc. (NYSE:DRI) is slated to release its third-quarter 2012 results on March 23. The current Zacks Consensus Estimate for the third quarter is $1.24 per share on revenue of $2,142 million. |
Shell Inks Gas Exploration Deal Posted: 21 Mar 2012 10:25 AM PDT Anglo-Dutch behemoth Royal Dutch Shell Plc (RDS.A) signed China's first Production Sharing Contract (PSC) for shale gas drilling activities with China National Petroleum Corporation ("CNPC"). However, none of the companies disclosed the financial terms of the agreement. |
Drop Paternalism, Sell The Pill Over-the-Counter Posted: 21 Mar 2012 10:19 AM PDT Canadian columnist Margaret Wente writes: “Virginia Postrel, the American political and cultural writer, has an idea for de-escalating the birth-control controversy that's sweeping the United States: Sell the Pill over the counter. After all, that's the way it works with condoms. Anyone can walk into a drugstore and buy a three-month supply of Trojans for under $30, no questions asked. Nobody argues about who should pay, who's morally entitled to them or whether they should be covered … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards |
Posted: 21 Mar 2012 10:14 AM PDT There were some technical issues with Blogger today, which prevented both postings and comments, it should be back up now working … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards |
Posted: 21 Mar 2012 10:06 AM PDT We maintain a Neutral rating on The Coca-Cola Co. (NYSE:KO) following the appraisal of fourth quarter and full year 2011 results. |
Earnings Momentum: Beating Analysts At Their Own Game Posted: 21 Mar 2012 08:38 AM PDT With company earnings season in full swing and London markets displaying signs of improving confidence, we thought we'd share the impressive performance of one of our Momentum screens, which tracks those companies that analysts think are poised for a surge in earnings. |
Euro Gains Vs Yen, Steady Against Dollar Posted: 21 Mar 2012 03:00 AM PDT 03/21/12 The euro edged higher against the dollar on Wednesday on signs Greece’s bailout was progressing … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards |
Oil Rises After Supplies Unexpectedly Fall Posted: 21 Mar 2012 07:00 AM PDT 03/21/12 Oil rose Wednesday morning after an industry report showed US inventories dropped for the first time in six … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards |
The Trend Trader For ETF Trading On Thursday, March 22, 2012 Posted: 21 Mar 2012 05:03 AM PDT 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 22, 2012 Posted: 21 Mar 2012 05:03 AM PDT 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 Bullish BA – Boeing Co Neutral BAC – Bank of America Corporation Bullish CAT – Caterpillar Inc |
The Trend Trader For Futures Trading On Thursday, March 22, 2012 Posted: 21 Mar 2012 05:03 AM PDT By ForexMansion.com The Trend Trader for Futures INDICES Close 3×1 7×5 S&P 500 – Jun ESM2 Neutral Dow Jones – Jun YMM2 Bearish Nasdaq – Jun NQM2 Bullish Russell – Jun TFM2 Neutral INTEREST RATES US T-Bond – Jun ZBM2 |
The Trend Trader For Forex Trading On Thursday, March 22, 2012 Posted: 21 Mar 2012 05:03 AM PDT By ForexMansion.com The Trend Trader for Forex THE BIG SIX Close 3×1 7×5 AUDUSD – Aust Dollar / US Dollar Bearish EURUSD – Euro / US Dollar Neutral GBPUSD – British Pound / US Dollar Bullish USDCAD – US Dollar / Canadian Dollar Bullish USDCHF – US Dollar / … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards |
Posted: 20 Mar 2012 10:00 PM PDT Gold's been knocked down lately, but several enduring factors have conditioned the yellow metal for an inevitable comeback. |
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