DailyMarkets.com - Natural Gas Production In Jan. Sets New Record

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• Natural Gas Production In Jan. Sets New Record
• Johnson Control Forms JV In India
• Neutral On United Therapeutics
• Yet Another Defense Deal For Harris
• Sears To Sell Lands’ End
• Neutral On People’s United
• Neutral On 3M Company
• Home Depot Plans E-commerce Center
• Hot Option Plays: Bonds And Yen Weak
• OTIS Awarded Six Contracts
• Plexus Upgraded To Neutral
• Xcel Energy To Increase Rate
• Torchmark Corp Stays Neutral
• CF Industries Downgraded To Neutral
• Monetary Policy Week In Review – 31 March 2012
• Refining Losses Hurt PetroChina
• Zynga Partners Martha Stewart
• Delay In Forest Drug FDA Action Date
• Stocks Rise, Extending Best Start Since 1998
• Medco-ESRX Deal Irks Supervalu
• Compuware Ties With Rosetta
• Bank Of Zambia Introduces New Policy Rate At 9.00%
• PACCAR Launches New Trucks
• Banco Central Del Uruguay Holds Interest Rate At 8.75%
• South African Reserve Bank Holds Policy Rate At 5.50%
• Sempra Projects A Positive Outlook
• Netflix Cancels “Terra Nova” Deal
• Markets In Everything: Online Necktie Rental
• BofA Wins Dismissal Of Lawsuit
• Micron Settles Oracle Lawsuit
• Cummins To Launch Upgraded Engines
• Nat Gas Stocks In Record Territory
• WU Launches Mobile Money In Uganda
• Rockwell’s JV Gets $19.8M Contract
• Altria Remains Neutral
• PKX Downgraded, Enters Negative Zone
• Ceska Narodni Banka Holds Repo Rate At 0.75%
• Merge Reiterated At Neutral
• Georgian Central Bank Holds Refinancing Rate At 6.50%
• CSX To Add Workers In Alabama
• Eni To Divest Stake In Galp Energia
• Hot Option Plays: Tight Range, Some Bulls Holding On
• AUXO Rolls Along
• Risk, Reward Balance Statoil
• FMC, Petrobras Cut High-Value Deal
• Cisco Eyes Network Manger
• U.S. Bancorp Lowered To Neutral
• Guilfoyle: “Focusing On Closing Sale At NYSE”
• Still Neutral On Human Genome
• Crude Up On Euro-zone Hopes, Weaker Dollar‎
• The Trend Trader For Stock Trading On Monday, April 2, 2012
• The Trend Trader For ETF Trading On Monday, April 2, 2012
• The Trend Trader For Forex Trading On Monday, April 2, 2012
• The Trend Trader For Futures Trading On Monday, April 2, 2012
• The World’s A Little Richer

Natural Gas Production In Jan. Sets New Record Posted: 30 Mar 2012 04:29 PM PDT The Shale Gale Continues…..   The Energy Information Administration reported today that natural gas production in the United States reached a new monthly record high of 2.577 trillion cubic feet in January.  That’s an increase of 11.6% compared to a year ago, and 16% above January 2009.  The ongoing increases in production to record high levels, along with sluggish demand due to the mild winter, explain why prices for natural gas in the futures market are at a 10-year low, and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Johnson Control Forms JV In India Posted: 30 Mar 2012 04:05 PM PDT Johnson Controls Inc. (NYSE:JCI) formed a 50:50 joint venture with India-based automotive instrument cluster supplier Pricol Limited that will develop and manufacture instrument clusters, displays and body electronics for both car and motorcycle industry in India. The joint venture, Johnson Controls Pricol Private Limited, has chosen Pricol's manufacturing plant in Pune as its base. The joint venture will help Johnson enter a new market segment by gaining access to Pricol's instrument cluster … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Neutral On United Therapeutics Posted: 30 Mar 2012 04:00 PM PDT We recently reiterated our Neutral recommendation on United Therapeutics (NASDAQ:UTHR). United Therapeutics is focused on the development and commercialization of therapeutic products for patients with chronic and life-threatening diseases. The company’s lead product is Remodulin (treprostinil), indicated for the treatment of pulmonary arterial hypertension (PAH) in patients with New York Heart Association (NYHA) Class II-IV symptoms. Remodulin is approved for both subcutaneous (SC) and intravenous … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Yet Another Defense Deal For Harris Posted: 30 Mar 2012 03:50 PM PDT Communication technology company Harris Corp. (NYSE:HRS) recently received a contract worth $15.2 million from the Department of Defense in Australia. Per the contract, Harris will deliver Falcon III AN/PRC-152(C) multiband multimode radios in different military vehicles. Moreover, the company will also provide training and support to the Australian military force to properly deploy as well as maintain these tactical radios in the vehicles. In the beginning of fiscal 2012, Harris received a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Sears To Sell Lands’ End Posted: 30 Mar 2012 03:40 PM PDT In a move to enhance liquidity and improve operating performance, Sears Holdings Corporation (NASDAQ:SHLD), a cash strapped company, is likely to sell its Lands' End brand, The Wall Street Journal reported. The Journal stated that Sears Holdings, who is already in talks with various private-equity firms, is looking to raise about $2 billion in cash from this sale. Goldman Sachs is likely to assist the company on the sale. Further, the company is looking to structure a sale-and-license-back deal, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Neutral On People’s United Posted: 30 Mar 2012 03:40 PM PDT We are reiterating our Neutral recommendation on People’s United Financial Inc. (NASDAQ:PBCT). The recommendation is based on the company's detailed analysis of fourth-quarter 2011 earnings and its expense savings initiatives. In January, People’s United reported fourth-quarter 2011 operating earnings per share of 17 cents, missing the Zacks Consensus Estimate by 2 cents. Moreover, earnings lagged the prior quarter's figure by 2 cents. Quarterly results were impacted by a lower top line coupled … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Neutral On 3M Company Posted: 30 Mar 2012 03:25 PM PDT We are reaffirming our Neutral recommendation on 3M Company (NYSE:MMM). The company achieved top-line and bottom-line growth during the quarter, outperforming the Zacks Consensus Estimate by $0.04. The company's sales increased in four out of its six business segments. Lower sales of optical systems and consumer electronics affected sales of the Display & Graphics and the Electro & Communication segments. Weak economic conditions continue to prevail in certain markets, with recovery not … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Home Depot Plans E-commerce Center Posted: 30 Mar 2012 03:25 PM PDT Fortunes of home improvement companies are correlated to the health of the economy. Thus, there remains no surprise that the companies operating in this sector are striving to add diverse revenue streams to hedge against economic cycles. Building on the strategy, home improvement chain store Home Depot Inc. (NYSE:HD) is planning to come up with a 1-million-square-foot e-commerce distribution center in McDonough, Georgia, Business Journal reported. Moreover, the new distribution center is expected … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: Bonds And Yen Weak Posted: 30 Mar 2012 03:23 PM PDT Cusick’s Corner 03-30-2012 Here’s what has become apparent to me in the “Risk” off trade – Bonds, TLT, and the Yen, are two segments where keeping a bearish position would not leave me having a sleepless weekend. Equities were listless into the close, so I will have to wait for Sunday night when the futures start to trade to get a better feel going into next week’s trade. I have to run, playing Mr. Mom with the 5 kids this weekend. Stock market averages are holding gains to close the first … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

OTIS Awarded Six Contracts Posted: 30 Mar 2012 03:05 PM PDT Otis Elevator Company Saudi Arabia Ltd., part of Otis Elevator Company, (a unit of United Technologies Corp – UTX), announced that it has won six contracts to supply and install 263 elevators, which include 10 double-deck elevators and 90 escalators to different buildings in the King Abdullah Financial District (KAFD) in Riyadh, Saudi Arabia. Otis is expected to install 25 elevators and eight escalators in the KAFD World Trade Centre and 30 elevators and four escalators in the GCC Bank … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Plexus Upgraded To Neutral Posted: 30 Mar 2012 02:55 PM PDT We are upgrading our recommendation on Plexus Corp. (NASDAQ:PLXS) from Underperform to Neutral. In the recently concluded first quarter, Plexus reported mixed results, where the company's bottom line beat the Zacks Consensus Estimate by 3 cents though the top line lagged the revenue estimate of $532.0 million. Plexus has been witnessing a healthy pipeline of program wins coupled with global expansion and improving end-market demand. During the first quarter, Plexus won 28 new programs in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Xcel Energy To Increase Rate Posted: 30 Mar 2012 02:50 PM PDT Xcel Energy Inc. (NYSE:XEL) got a nod from The Minnesota Public Utilities Commission to hike its electricity prices by 2.7%, according to media reports. However, the increase is less than half of what the company had filed for. Therefore, Xcel Energy will have to pay back its customers about $30 as it has been charging them higher over the last 15 months. Nevertheless, the customers' burden will increase from what they have paid in 2010. Xcel Energy also stated that burden on electricity … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Torchmark Corp Stays Neutral Posted: 30 Mar 2012 02:35 PM PDT We are reiterating our Neutral recommendation on the shares of the life and health insurer, Torchmark Corp. (NYSE:TMK). Though we are optimistic about the company's life insurance business, its underperforming health insurance business keeps us on the sidelines. Torchmark distributes its Life and Health products primarily via its subsidiaries American Income Life Insurance Co. ("AIL"), Direct Response operation at Globe Life and Liberty National Life ("LNL"). While AIL and direct … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

CF Industries Downgraded To Neutral Posted: 30 Mar 2012 02:30 PM PDT We are downgrading our long-term recommendation on CF Industries Holdings Inc. (NYSE:CF) to Neutral from Outperform based on the cautious outlook of the company about the demand levels for phosphate in the first half of 2012, rising raw material costs and unfavorable weather conditions affecting the yield of the products. CF is exposed to cyclical and seasonal changes. During the fourth quarter of 2011, fertilizer markets experienced softness in seasonal demand, along with the global uncertainties … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Monetary Policy Week In Review – 31 March 2012 Posted: 30 Mar 2012 02:18 PM PDT The past week in monetary policy saw 5 banks announcing reductions to their official interest rates: Morocco -25bps to 3.00%, Belarus -200bps to 36.00%, Romania -25bps to 5.25%, Albania -25bps to 4.25%, and Kazakhstan -50bps to 6.50%.  The Bank of Zambia also announced its new benchmark interest rate would be set at 9.00%.  Those that held monetary policy settings unchanged were: Israel 2.50%, Turkey 5.75%, Hungary 7.00%, Georgia 6.50%, the Czech Republic 0.75%, South Africa 5.50%, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Refining Losses Hurt PetroChina Posted: 30 Mar 2012 02:15 PM PDT Chinese energy giant PetroChina Co. Ltd. (NYSE:PTR) announced 2011 earnings of RMB 133.0 billion or RMB 0.73 per diluted share, compared with RMB 140.0 billion or RMB 0.76 per diluted share a year earlier. Earnings per ADR came in at $11.41 (exchange rate: US$1.00 = RMB 6.4, 1 ADR = 100 shares), lower than the Zacks Consensus Estimate of $12.47. The negative comparisons can be primarily attributable to government caps on fuel prices that eroded refining margins. This was somewhat offset by robust … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Zynga Partners Martha Stewart Posted: 30 Mar 2012 02:05 PM PDT Zynga Inc. (ZNGA) is setting up a new home for Martha Stewart in its popular Facebook game Castleville. Zynga recently entered into a partnership with Martha Stewart Living Omnimedia, to introduce an avatar of the American entrepreneur in the game from March 28 to mid-April 2012. This will enable the Castleville players to interact with Martha as well as visit her kingdom.  Players will also be able to participate in different activities, such as Easter egg hunt and win special in-game … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Delay In Forest Drug FDA Action Date Posted: 30 Mar 2012 02:00 PM PDT Forest Laboratories, Inc. (NYSE:FRX) will be facing a delay where the approvability status of one of its pipeline candidates is concerned. The company recently announced that the US Food and Drug Administration (FDA) has extended its action date for aclidinium bromide by three months. Forest Labs and partner Almirall are looking to get aclidinium bromide approved for the maintenance treatment of chronic obstructive pulmonary disease (COPD). We note that last month, aclidinium bromide had received … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stocks Rise, Extending Best Start Since 1998 Posted: 30 Mar 2012 02:00 PM PDT 03/30/12 US stocks closed mixed Friday, with the Dow and S&P 500 ending their best first quarter in over a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Medco-ESRX Deal Irks Supervalu Posted: 30 Mar 2012 01:50 PM PDT The leading grocery chain and heavyweight pharmacy retailer Supervalu Inc. (NYSE:SVU) is now an addition to the list of many pharmacy companies for whom the takeover of Medco Health Solutions (NYSE:MHS) by Express Scripts Inc. (NASDAQ:ESRX) did not go down well. Supervalu made its view public along with other retail giants urging the takeover would leave “only two significant competitors in a highly concentrated industry.” The National Association of Chain Drug Stores (of which Supervalu is a member), the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Compuware Ties With Rosetta Posted: 30 Mar 2012 01:50 PM PDT Compuware Corporation (NASDAQ:CPWR) recently announced a strategic partnership with Rosetta, which is an independent brand within the Publicis Groupe of global agencies and a member of the Compuware Partner Network. The partnership is designed to enable customers to ensure that their e-commerce sites are production-ready and perform well in production. Rosetta will now incorporate Compuware Application Performance Management (APM) solutions into its product offering … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bank Of Zambia Introduces New Policy Rate At 9.00% Posted: 30 Mar 2012 01:43 PM PDT The Bank of Zambia announced it would set its new monetary policy benchmark interest rate at 9.00%. The move marks a transition in the Bank’s monetary policy, from money supply targeting to an interest rate target system.  The overnight lending facility rate is due to be set at 250 basis points higher than the policy rate.  The new interest rate level represents significant tightening, and compares to previous interest rate levels of around 6 percent.  The Bank of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

PACCAR Launches New Trucks Posted: 30 Mar 2012 01:35 PM PDT With a view to improving its product lines, PACCAR Inc. (NASDAQ:PCAR) has launched high technology aerodynamic trucks at the Mid-America Trucking Show in Louisville, Kentucky. It took nearly 4 years and $400 million to launch these trucks under the Kenworth T680 and Peterbilt 579 brand names. The trucks, powered with the company's own fuel efficient and high horse-power diesel engines, have a cab width of 2.1 meter. These trucks form part of the heavy-duty class-8 segment and are available at low … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Banco Central Del Uruguay Holds Interest Rate At 8.75% Posted: 30 Mar 2012 01:31 PM PDT The Banco Central del Uruguay held its benchmark interest rate unchanged at 8.75%.  The Bank said [translated]: “In the Monetary Policy Committee, the Central Bank of Uruguay noted that the inflation rate has begun to sag, but still holds, as well as agents’ expectations, well above the target range. Therefore, in order to provide a fee structure that preserves the contractionary bias of monetary policy, the Central Bank of Uruguay understood best not to change the monetary … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

South African Reserve Bank Holds Policy Rate At 5.50% Posted: 30 Mar 2012 01:25 PM PDT The South African Reserve Bank [SARB] kept its monetary policy interest rate, the repo rate, on hold at 5.50%.  The Bank said: “Domestic economic growth is expected to remain below potential. In light of this and the expected medium-term inflation trajectory, the Committee is of the view that at this stage the current stance of monetary policy is appropriate to support the real economy while at the same time maintaining its commitment to achieve the inflation target over the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Sempra Projects A Positive Outlook Posted: 30 Mar 2012 01:20 PM PDT Sempra Energy (NYSE:SRE) has re affirmed its earnings guidance for FY12 and provided its outlook for FY13 and FY16, prior to its analyst meeting in San Diego. The company expects earnings per share to be in the range of $4.00 to $4.30 in fiscal 2012 and in the range of $4.10 to $4.40 in FY13. The company aims for earnings in the range of $5.50 to $6 per share in 2016. Through a four-year period, from fiscal 2012 to fiscal 2016, the company expects annual capital expenditure and investments of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Netflix Cancels “Terra Nova” Deal Posted: 30 Mar 2012 01:20 PM PDT Reportedly, Netflix Inc. (NASDAQ:NFLX) has decided against adding sci-fi series "Terra Nova" to its streaming portfolio as negotiations with the show's producer 20th Century Fox fell apart. Initially, Fox had spent approximately $10 million-$20 million on the first series' two-hour premiere, which got delayed twice before it was finally aired. Thereafter in March, Fox had cancelled the subsequent "Terra Nova" series. Following which, Netflix had shown interest to revive the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Markets In Everything: Online Necktie Rental Posted: 30 Mar 2012 01:07 PM PDT Tie Society is an online service like Netflix that allows you to rent designer neckties (and bow ties and cufflinks), for those guys who never want to be seen wearing the same tie twice or just want access an endless rotating, fresh collection of ties.  Membership plans start at $10.95 for one item and go up $49.95 per month for 10 items. Shipping is included and you can have unlimited exchanges. If you really like a tie, you can buy it at a discount instead of sending … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

BofA Wins Dismissal Of Lawsuit Posted: 30 Mar 2012 01:05 PM PDT On Thursday, the dismissal of lawsuit pertaining to the buyback of defective mortgage-backed securities (MBS), gave reprieve to Bank of America Corporation (NYSE:BAC). The lawsuit was filed against BofA by a group of investors led by Walnut Place group. The litigation charged BofA's Countrywide Financial Corp. unit, which the bank acquired in 2008, of making wrong representations and warranties about the loans that backed these securities. The judge also dismissed Walnut Place’s allegation that … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Micron Settles Oracle Lawsuit Posted: 30 Mar 2012 01:05 PM PDT Semiconductor major Micron Technology (NYSE:MU) has recently confirmed that it has settled a lawsuit with software giant Oracle Corporation (NASDAQ:ORCL). As per the lawsuit, Oracle accused Micron of artificially increasing the DRAM prices and violating the state's antitrust and unfair competition laws based on the conduct of the company, extending from August 1, 1998, til June 15, 2002. The IT major claimed several damages and has also agreed upon the restitution of attorneys’ fees, costs and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Cummins To Launch Upgraded Engines Posted: 30 Mar 2012 12:55 PM PDT Cummins Inc. (NYSE:CMI) announced that it will launch diesel engines in compliance with 2014 fuel efficiency and greenhouse gases (CHG) regulations beginning in January 2013. The engines will deliver up to 2% fuel economy improvement over the engines produced nowadays and will be available for North American trucks. They include ISB6.7 to ISX15 lineups. In August 2011, Cummins intended to begin actions to comply with the new fuel efficiency and GHG standards of 2014. The standard was proposed by … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Nat Gas Stocks In Record Territory Posted: 30 Mar 2012 12:55 PM PDT The U.S. Energy Department’s weekly inventory release showed a larger-than-expected increase in natural gas supplies, as record-warm March temperatures across the country have restricted the commodity's requirement for power burn. In fact, the second injection of 2012 and the largest ever for March, has added to the already bloated inventories. Gas stocks – currently some 59% above the benchmark five-year average levels – are at their highest point for this time of the year, reflecting … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

WU Launches Mobile Money In Uganda Posted: 30 Mar 2012 12:55 PM PDT World's leading money transfer company, Western Union Co. (NYSE:WU), has announced the launch of the Mobile Money service in Uganda following an agreement with the MTN Group. Via the Mobile Money service, MTN customers will be able to transfer funds across the borders through their mobile phones. About 2 million of MTN customers in Uganda will now be able to deposit funds to their accounts, sent through Western Union money transfer system. The receiver of the funds will simply have to "pull" … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Rockwell’s JV Gets $19.8M Contract Posted: 30 Mar 2012 12:35 PM PDT Yesterday, Vision Systems International, a joint venture between a unit of Elbit Systems Ltd. (NASDAQ:ESLT) and Rockwell Collins Inc. (NYSE:COL), received a contract to supply about 100 Night Vision Cueing Display (NVCD) systems through November 2013. The NVCD LRIP-2 contract, valued at nearly $19.8 million, is an extension of a $3.8 million NVCD LRIP-2 logistics contract awarded in September 2011. Under the contract, Vision System will alter the Helmet Mounted Display (HMD), which is set to provide … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Altria Remains Neutral Posted: 30 Mar 2012 12:25 PM PDT We reiterated a Neutral rating on Altria Group (NYSE:MO) following the fourth quarter and fiscal year 2011 earnings results. Altria's fourth-quarter 2011 earnings of $0.50 per share surpassed prior-year results by 13.6% as well as the Zacks Consensus Estimate by a penny. The upswing was due to strong performance of its businesses and cost reduction initiatives. The hike in earnings was contributed by higher operating income from cigarettes, smokeless products and wine. In the fourth quarter, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

PKX Downgraded, Enters Negative Zone Posted: 30 Mar 2012 12:05 PM PDT   We recently downgraded our recommendation on the South Korean steelmaker POSCO (NYSE:PKX), from Neutral to Underperform. The company, considered to be the third largest steelmaker on the basis of output, failed to impress the market which witnessed a fall in the company's ADR prices, post the release of the fiscal year 2011 financial results. The company posted roughly a 12% decline in its net earnings in 2011, despite registering revenue growth of 44%. Its margins weakened as higher raw … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Ceska Narodni Banka Holds Repo Rate At 0.75% Posted: 30 Mar 2012 11:52 AM PDT The Ceska Narodni Banka held the two-week repurchase rate at 0.75% as expected, and kept the discount rate unchanged at 0.25% and Lombard rate at 1.75%.  The Bank said: “As regards the reasons for the decision, they are quite obvious. According to the forecast, monetary-policy relevant inflation will be close to the inflation target. Headline inflation is currently rising above 3%, but it should fall later on. Monetary-policy relevant inflation, of course, remains near the target … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Merge Reiterated At Neutral Posted: 30 Mar 2012 11:50 AM PDT Recently, we reiterated our Neutral recommendation on Merge Healthcare (NASDAQ:MRGE) with a target price of $6.25. Merge reported adjusted EPS of 4 cents in the fourth quarter of fiscal 2011, which remained flat year over year but above the Zacks Consensus Estimate of a penny. The company also registered a 39% year-over-year increase in total sales during the reported quarter on the back of solid performance across all segments. Presently, used at more than 300 sites, Merge’s iConnect VNA is the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Georgian Central Bank Holds Refinancing Rate At 6.50% Posted: 30 Mar 2012 11:43 AM PDT The National Bank of Georgia kept its benchmark refinancing interest rate unchanged at 6.50%.  The Bank said: “The inflation forecast hasn’t changed from the previous months. According to existing forecasts inflation will remain low in the first half of the year. Starting in June the inflation will start growing and it is expected to reach its target value by the beginning of the next year.” The Bank previously cut rates 25 basis points at its January, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

CSX To Add Workers In Alabama Posted: 30 Mar 2012 11:35 AM PDT CSX Corporation (NYSE:CSX) announced plan to hire approximately 90 workers in the Alabama region. The hiring will be mostly for maintenance and train operating positions.  Given the rising demand fir rail-based freight services, CSX Corp remains keen on enhancing its service capabilities. As a result, headcount increase has been one of the major areas on which the company has been focusing. Last year, the company added approximately 170 employees in Alabama. In 2011, management raised the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Eni To Divest Stake In Galp Energia Posted: 30 Mar 2012 11:20 AM PDT Italian oil and gas group Eni SpA (NYSE:E) has inked an agreement with Amorim Energia B.V. and Caixa Geral de Depósitos, S.A. (“CGD”), to divest 5% of its interest in Portuguese energy group — Galp Energia SGPS, S.A. to Amorim Energia. Currently, Eni holds a 33.34% stake in Galp. Amorim Energia needs to exercise the purchase option within 150 days. Though financial details were not disclosed by the company, the stake is estimated to cost around €520 million ($390.9 million) at current market … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: Tight Range, Some Bulls Holding On Posted: 30 Mar 2012 11:18 AM PDT Cusick’s Corner 03-30-2012 The bid continues to drive the market and push out the shorts. While this may not be news to most of you, this dynamic was watched closely into the open. It’s the last trading day of the Quarter and while things have been relatively orderly, in the past I have seen some weird trade into the end of day, so stay on your toes. See you After Hours. Stock market averages are holding modest gains to close the first quarter following mixed economic news. Data released before … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

AUXO Rolls Along Posted: 30 Mar 2012 11:10 AM PDT AUXO Rolls Along Ken Nagy, CFA On March 29, 2012, Auxilio, Inc. (AUXO), the Mission Viejo, California based  Managed Print Services (MPS) company for the health care industry, reported financial results for its fiscal 2011 full year, ended December 31, 2011. A solid year resulted in a nearly 42 percent year over year increase in sales, with revenue expanding $6.438 million to $21.845 million from $15.407 million for the full year ended December 31, 2010. Auxilio's strength in its year … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Risk, Reward Balance Statoil Posted: 30 Mar 2012 11:05 AM PDT We maintain our long-term Neutral recommendation on the world's largest offshore operator, Statoil ASA (NYSE:STO). While the company is fairly active in its development operations, we remain on the sidelines due to its weak production profile. Norway-based Statoil operates in all major hydrocarbon-producing regions of the world with a major emphasis on the Norwegian Continental Shelf (NCS). The company intends to generate 4.2 billion barrels of oil in the coming years and targets an oil recovery … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

FMC, Petrobras Cut High-Value Deal Posted: 30 Mar 2012 10:55 AM PDT FMC Technologies Inc. (NYSE:FTI) entered into a four-year subsea equipment supply agreement with Brazilian oil biggie Petroleo Brasileiro S.A. or Petrobras (NYSE:PBR). The first part of the order includes the delivery of 78 subsea trees valued at $900 million. The total order – involving supply of 130 subsea trees, subsea multiplex controls and related tools and equipment – is expected to fetch FMC Technologies approximately $1.5 billion in revenue. These equipment will be utilized by Petrobras … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Cisco Eyes Network Manger Posted: 30 Mar 2012 10:35 AM PDT Cisco Systems Inc.(NASDAQ:CSCO) announced its plan to buy privately held ClearAccess for an undisclosed amount. The transaction is expected to be completed by the fourth quarter of fiscal 2012, pending customary closing conditions. Vancouverbased ClearAccess provides both hardware and software for Internet service providers to manage increasingly complex networks for homes and mobile devices. The newly acquired products from the ClearAccess acquisition include TR-069-based software that helps … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Bancorp Lowered To Neutral Posted: 30 Mar 2012 10:20 AM PDT We are downgrading our recommendation on U.S. Bancorp (NYSE:USB) to Neutral from Outperform based on a tepid economic recovery and low interest rate environment. We anticipate a compression in interest margin and expect only modest fee income growth in the upcoming quarters. Fourth Quarter Results U.S. Bancorp reported fourth-quarter 2011 earnings of 69 cents per share. Excluding the gain from a litigation settlement and expense accrual related to mortgage servicing matters, the company reported … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Guilfoyle: “Focusing On Closing Sale At NYSE” Posted: 30 Mar 2012 10:20 AM PDT 03/30/12 Meridian Equity Partners’ Stephen Guilfoyle talks quarter and month end trading, ahead of the close. Next week will be a holiday shortened one with key central bank decisions and the US jobs report to be … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Still Neutral On Human Genome Posted: 30 Mar 2012 10:10 AM PDT We are maintaining our Neutral recommendation on Human Genome Sciences Inc. (NASDAQ:HGSI) with a target price of $8.25. Human Genome, founded in 1992 and based in Rockville, Maryland, is a biopharmaceutical company. The US launch of Benlysta in March 2011 for treating patients suffering from systemic lupus erythematosus (SLE) was a huge positive for Human Genome. The subsequent launch of the drug in Canada and several European nations, including Germany, Spain, Austria, Denmark, Finland, Hungary, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Up On Euro-zone Hopes, Weaker Dollar‎ Posted: 30 Mar 2012 08:10 AM PDT 03/30/12 Oil futures were higher Friday on renewed buying appetite amid a weaker dollar and hopes a euro-zone finance ministers meeting will help stem the region’s sovereign debt … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For Stock Trading On Monday, April 2, 2012 Posted: 30 Mar 2012 05:03 AM PDT By ForexMansion.com The Trend Trader for the Dow 30 Stocks For Trading On Monday, April 2, 2012 In alphabetical order by symbol Close % Change 3×1 7×5 Minor Trend Major Trend Trend Reading AA – Alcoa Inc 10.02 − 0.10 9.97 10.03 Neutral AXP – American Express Company 57.86 − 0.05 58.22 58.12 Bearish BA – Boeing Co 74.37 + 0.39 74.14 74.20 Bullish BAC – Bank of America Corporation 9.57 + 0.42 9.59 9.65 Bearish CAT – Caterpillar Inc 106.52 + … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For ETF Trading On Monday, April 2, 2012 Posted: 30 Mar 2012 05:03 AM PDT By ForexMansion.com The Trend Trader for ETFs For Trading On Monday, April 2, 2012 The top 40 ETFs by net assets In alphabetical order by symbol Close % Change 3×1 7×5 Minor Trend Major Trend Trend Reading AGG – iShares Lehman Aggregate Bd Fd 109.85 − 0.15 109.87 109.80 Neutral BND – Vanguard Total Bond Market ETF 83.28 − 0.20 83.34 83.27 Neutral DBC – DB Commodity Index Tracking Fd 28.80 + 1.12 28.74 28.84 Neutral DIA – SPDR DJ Industrial Average … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For Forex Trading On Monday, April 2, 2012 Posted: 30 Mar 2012 05:03 AM PDT By ForexMansion.com The Trend Trader for Forex For Trading On Monday, April 2, 2012 THE BIG SIX Close % Change 3×1 7×5 Minor Trend Major Trend Trend Reading AUDUSD – Aust Dollar / US Dollar 1.0354 − 0.32 1.0380 1.0405 Bearish EURUSD – Euro / US Dollar 1.3344 + 0.33 1.3320 1.3307 Bullish GBPUSD – British Pound / US Dollar 1.6009 + 0.33 1.5939 1.5949 Bullish USDCAD – US Dollar / Canadian Dollar 0.9970 + 0.03 0.9977 0.9963 Neutral USDCHF – US Dollar / Swiss … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For Futures Trading On Monday, April 2, 2012 Posted: 30 Mar 2012 05:03 AM PDT By ForexMansion.com The Trend Trader for Futures For Trading On Monday, April 2, 2012 INDICES Close % Change 3×1 7×5 Minor Trend Major Trend Trend Reading S&P 500 – Jun ESM2 1403.25 + 0.36 1399.81 1403.08 Bullish Dow Jones – Jun YMM2 13146 + 0.52 13082 13119 Bullish Nasdaq – Jun NQM2 2750.75 − 0.27 2760.14 2756.67 Bearish Russell – Jun TFM2 827.70 − 0.35 830.14 832.43 Bearish INTEREST RATES US T-Bond – Jun ZBM2 137-24 − … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The World’s A Little Richer Posted: 29 Mar 2012 10:00 PM PDT Imagine your daily consumption costing you less than a cup of Starbucks. About 1.3 billion people around the world live this reality. The good news is that it's the lowest number of people ever. The World Bank released an update to its consumption poverty estimates in developing countries, and for the first time ever, the organization found progress in all the regions they track. In terms of the number and percentage of people living on $1.25 a day (on a purchasing power parity) at 2005 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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