Thursday, March 15, 2012

DailyMarkets.com - PayPal Here ‘Hat’ Geared Up For IPhones

DailyMarkets.com - PayPal Here ‘Hat’ Geared Up For IPhones


PayPal Here ‘Hat’ Geared Up For IPhones

Posted: 15 Mar 2012 03:58 PM PDT

03/15/12 PayPal unveiled its mobile payment processing device, the PayPal Here. The blue triangular gadget is a credit card reader for … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Air Products And FuelCell Sign MOU

Posted: 15 Mar 2012 03:55 PM PDT

Air Products and Chemicals Inc. (NYSE:APD) announced that the company has signed a Memorandum of Understanding (MOU) with FuelCell Energy Inc. As per the contract, the companies will work towards the market development of stationary Direct FuelCell (DFC) power plants that simultaneously produce hydrogen, ultra-clean electricity and usable high quality heat.
The companies intend to develop tri-generation stationary fuel cell power plants' market around the world. The tri-generation stationery … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Noble Inks Deal With Israeli Electric

Posted: 15 Mar 2012 03:35 PM PDT

Independent oil and gas producer Noble Energy Inc. (NYSE:NBL) entered into an $18 billion natural gas sales agreement with Israel Electric Corporation Limited ("IEC"). Per the terms of the deal, Noble Energy along with its partners will supply about 2.7 trillion cubic feet ("Tcf") of natural gas from its Tamar field project to IEC over a period of 15 years.
IEC, on its part, has the option to increase the quantity to about 3.5 Tcf under specific conditions. As per the agreement, IEC will … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Hot Option Plays: Scanning For Potential Setups

Posted: 15 Mar 2012 03:22 PM PDT

Cusick’s Corner 03-15-2012
What a day — equities are at levels not seen since 2008, S&Ps at 1400. Earlier I was scanning for potential setups in names that have had nice 3-4 day runs but looked tired today, CAT and FSLR, and then I looked at sectors that have been potentially oversold over the last 4 sessions and had a bounce, most notably TLT. This latter trade has more risk to it, so keep that in mind when you recognize a potential setup. I also looked at names that are closing in on … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Estimates Down For Altera

Posted: 15 Mar 2012 03:20 PM PDT

Earnings estimates have declined a bit in the last seven days after Altera Corporation (NASDAQ:ALTR) narrowed its guidance for the first quarter of 2012.
Last week, Altera announced that it now expects revenues to decline by 7% – 9% compared to the earlier projection of a decline of 5% – 9%.
The company had previously forecasted revenues to decline as a result of the program timing in the military vertical market and continued softness in sales to wireless customers.
The company expects … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Northern Trust Hikes Dividend

Posted: 15 Mar 2012 03:20 PM PDT

On Wednesday, Northern Trust Corporation (NASDAQ:NTRS) increased its quarterly common stock dividend by 2 cents to 30 cents per share. The dividend will be paid on July 2, 2012 to shareholders of record as of June 8.
The strength of Northern Trust's business model reflects the company's commitment towards returning value to the shareholders with its strong cash generation capabilities. Prior to this revision, the company had increased its quarterly dividend to 28 cents per share in December … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Quadruple Witching, Consumer Sentiment In Focus

Posted: 15 Mar 2012 03:20 PM PDT

03/15/12 Friday’s trading session brings more US inflation figures, along with consumer sentiment and industrial production … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Valeant’s Latin American Venture

Posted: 15 Mar 2012 03:02 PM PDT

Valeant Pharmaceuticals International, Inc. (NYSE:VRX) recently announced that it has acquired a 19.9% stake in Brazilian biotech company, Pele Nova Biotecnologia S.A. 
Valeant paid less than $10 million for the deal. As per the terms of the deal, Valeant will have representation on Pele Nova’s Board of Directors, rights to future candidates in Brazil and first global product refusal rights. Additionally, Valeant will pay a reduced royalty percent on Regederm sales.
Regederm was included in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Fuel Prices To Foil Airline Profits

Posted: 15 Mar 2012 02:50 PM PDT

The airline industry is currently struggling with higher fuel prices and a slow moving U.S. economy. Fuel prices, though high currently, remain well below the 2008 level of over $140 per barrel that had ravaged the airlines industry.
The largest U.S. low-cost carrier, Southwest Airlines (NYSE:LUV), expects fuel costs of about $3.50 per gallon for the ongoing first quarter. This is higher than its previous expectation of $3.35 per gallon. In addition, the company saw weaker-than-expected passenger … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


FDA Nod For Hospira Product

Posted: 15 Mar 2012 02:40 PM PDT

Hospira, Inc. (NYSE:HSP) recently announced that its Symbiq 3.13 infusion pump has been cleared by the US Food and Drug Administration (FDA). The device, an improved version of the advanced infusion system platform at Hospira, is one of the first to be cleared via the new draft regulatory guidance for 510(k) infusion pump submissions of the US regulatory body.
The device, which boasts of an updated software design and other superior technological features, should improve efficiency thereby … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


UNH Expands In The Middle East

Posted: 15 Mar 2012 02:40 PM PDT

UnitedHealthcare International, owned by U.S. health insurer UnitedHealth Group, Inc. (NYSE:UNH), has announced an agreement with Dubai-based Al Sagr National Insurance Co. to expand in the Middle East.
Per the agreement, UnitedHealth will provide health insurance and other allied services to employers who have employees in Middle Eastern countries such as Saudi Arabia, the United Arab Emirates, Jordan, Qatar, Oman, Lebanon, Bahrain and Kuwait.
The U.S. insurer has not yet projected the amount of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Analyst Interviews: Metals & Mining Stock Outlook

Posted: 15 Mar 2012 02:20 PM PDT

About the Industry

The Metals & Mining industry encompasses the extraction (mining) as well as the primary and secondary processing of metals and minerals such as aluminum, gold, precious metals, coal and steel. The industry is oligarchic in structure, with a few producers accounting for the lion's share of the output.

The largest segment of the global metals market is iron and steel, followed by aluminum. The iron and steel segment comprises more than half the industry in terms of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Newmont Cuts Costs At Conga

Posted: 15 Mar 2012 02:20 PM PDT

Gold miner Newmont Mining Corporation (NYSE:NEM) announced that it will be cutting costs at its Conga gold and copper project in Peru. The company has halted the project since November 2011 due to protests by the farmers and local Government officials. The protestors are of the idea that the mine will replace the existing alpine lakes with artificial reservoirs, thereby causing pollution.
The investment in the project is estimated to be $4.8 billion and its halt was costing the company around $2 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Canadian Solar Expands In Europe

Posted: 15 Mar 2012 02:20 PM PDT

Canadian Solar Inc. (NASDAQ:CSIQ) announced that it entered into an agreement with Lightsource Renewable Energy to develop four solar power plants in England. The plants will together generate 6.4 megawatts (MW) of green power.
Per the agreement, Canadian Solar will jointly develop four ground mounted photovoltaic (PV) power plants. The plants will be built in the counties of Cornwall, Lincolnshire and Somerset. The entire project will be completed within a span of 9 to 12 weeks.
A general decry on … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


FBIZ: Shaving 2012 Estimate, But Continuing Outperform

Posted: 15 Mar 2012 02:15 PM PDT

FBIZ: Shaving 2012 Estimate, but Continuing Outperform  
Ann Heffron, CFA

First Business Financial Services, Inc. (FBIZ) posted fourth quarter diluted EPS of $0.90, up 275% from the $0.24 EPS reported last year, and $0.03 above our $0.87 estimate. Relative to our estimate, this largely reflected lower-than-expected compensation expense due to reduced bonus accruals as some divisions fell short of their targets, partly offset by a higher-than-expected loss provision.

Compared to the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Fed Okays Zions’ Capital Plan

Posted: 15 Mar 2012 02:15 PM PDT

Earlier this week, the Federal Reserve notified Zions Bancorporation (NASDAQ:ZION) that it has approved the company's capital plan, which was submitted in regard to the Fed’s 2012 Capital Plan and Review (CapPR). This will help the company repay its Troubled Asset Relief Program (TARP) dues soon.  Moreover, Zions will not be required to raise additional capital for this.
TARP Repayment
Zions will entirely redeem its TARP preferred equity in 2012. This redemption is expected to transpire … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Wall Street Rises, Pushing S&P 500 Above 1400

Posted: 15 Mar 2012 09:00 AM PDT

03/15/12 Stocks climbed Thursday afternoon after spending the morning barely in the green as the Standard & Poor’s 500 index crossed 1400 for the first time since June … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Earnings Scorecard: Dick’s Sporting Goods

Posted: 15 Mar 2012 01:55 PM PDT

A full-line sporting goods retailer, Dick’s Sporting Goods Inc. (NYSE:DKS) hit the bull's eye with its fourth quarter and fiscal 2011 earnings, which met the Zacks Consensus Estimate. The company's results kept afloat mainly on robust sales performance benefiting from store expansions and better margins.
The overall analyst sentiment for Dick's remains positive, driven by the company's consistent performance and a strong outlook. The current Zacks Consensus Estimate for first-quarter and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Leap Teams With Clearwire

Posted: 15 Mar 2012 01:50 PM PDT

In order to provide enhanced service to its pre-paid customers Leap Wireless International Inc. (NASDAQ:LEAP), which mainly operates in the low-end wireless market, entered into a five year contract with Clearwire Corporation (NASDAQ:CLWR), which provides wholesale Long Term Evolution (LTE) support to different telecom carriers.
The launch of Muve Music, which offers unlimited music download facilities for 3G wireless subscribers, has created huge demand among users. The company also gained nearly … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Crude Supplies Surge, Fuels Drop

Posted: 15 Mar 2012 01:50 PM PDT

The U.S. Energy Department’s weekly inventory release showed that crude stockpiles rose to their highest level since September 2011, as supplies at the Cushing Storage Hub soared. However, the agency's report also revealed that both gasoline and distillate stocks declined over the week on demand recovery. Meanwhile, refinery utilization rate reflected a decrease of 1.2%.
The Energy Information Administration (“EIA”) Petroleum Status Report – which contains data for the previous week ending … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


The Facts Say Otherwise

Posted: 15 Mar 2012 01:45 PM PDT

Key gauges of manufacturing activity in three major economies — the eurozone, China, and Japan — have, for six months or more, been below the levels that prevailed at the start of the 2007 recession. While the U.S. counterpart remains modestly above where it was four years ago, it has recently faltered, hitting it’s lowest level in three months.
Taken together, these widely-regarded indicators suggest that the path of least resistance for the global economy is down.

While it is nice to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Fossil Fuel Production (Coal, Oil, Gas) On Federal Lands Falls To Lowest Level In 9 Years, Since 2003

Posted: 15 Mar 2012 01:44 PM PDT

The EIA released data this week on the “Sales of Fossil Fuels Produced from Federal and Indian Lands, FY 2003 through FY 2011,” with the following highlights summarized by the Institute for Energy Research:

Fossil fuel (coal, oil, and natural gas) production on Federal and Indian lands is the lowest in the 9 years EIA reports data and is 6 percent less than in fiscal year 2010 (see chart above).
Crude oil and lease condensate production on Federal and Indian lands is 13 percent lower than in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Host Hotels Prices Senior Notes

Posted: 15 Mar 2012 01:35 PM PDT

Host Hotels & Resorts, Inc. (NYSE:HST) recently announced that its sole general partner, Host Hotels & Resorts, L.P. has priced a private placement offering worth $350 million in aggregate principal amount of 5 1/4% senior notes maturing 2022. The offering is expected to close on March 22, 2012.
The company expects to generate net proceeds of approximately $344 million from the transaction and repay the $113 million principal amount outstanding of the 7.5% mortgage secured by the JW … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


AmSurg Reiterated At Neutral

Posted: 15 Mar 2012 01:21 PM PDT

We have reiterated our Neutral recommendation on AmSurg Corporation (NASDAQ:AMSG) with a target price of $28.00.
In the face of headwinds such as reimbursement issues, higher expenses and economic uncertainty, AmSurg's adjusted EPS for the fourth quarter of fiscal 2011 came in at 46 cents, in line with the Zacks Consensus Estimate but ahead of the year-ago quarter EPS of 43 cents.
The quarterly result includes a negative impact of a penny related to the revision of the Medicare payment system for … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Update On Roche’s Illumina Buy

Posted: 15 Mar 2012 01:06 PM PDT

Roche Holdings Ltd. (RHHBY) recently announced that the Federal Trade Commission (FTC) has requested for additional information regarding the company's proposed acquisition of Illumina, Inc. (NASDAQ:ILMN). The request, termed as a 'second request,’ seeks additional information about Roche's microarray business.
The second request extends the waiting period, imposed by the Hart-Scott-Rodino Antitrust Improvements Act, by 10 days after Roche complies with the request. The extension can be … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Simon Closes Klepierre Acquisition

Posted: 15 Mar 2012 01:06 PM PDT

Simon Property Group Inc. (NYSE:SPG), a leading real estate investment trust (REIT), has recently completed the acquisition of a 28.7% equity stake (54.43 million shares) in Klépierre – a Paris-based real estate company that owns, manages and develops shopping centers, retail properties and offices across Continental Europe. Earlier in the month, Simon Property had acquired the ownership interests in Klépierre from BNP Paribas for $2.0 billion.
Klépierre's portfolio includes 271 shopping … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Economist On The Street: Volume, Data And Quadruple Witching

Posted: 15 Mar 2012 01:00 PM PDT

03/15/12 Meridian Equity Partners’ Stephen Guilfoyle weighs in on the latest US data releases and expectations for Friday’s quadruple witching … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Range Resources’ Drilling Success

Posted: 15 Mar 2012 12:50 PM PDT

With the completion of drilling at the Smith 2 and Albrecht 1 wells, Range Resources Corp. (NYSE:RRC) witnessed operational success at the North Chapman Ranch Field, onshore Texas.
Range Resources, which holds approximate 20% to 25% interest in the prospect, drilled the Smith 2 well about 1,350 feet southeast of the Smith 1 discovery well. Soon after, moving more toward the southeast of Smith 2 (almost 1,500 feet), the Albrecht 1 was drilled that confirmed traces of the Howell Hight … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Reaffirming Baxter At Neutral

Posted: 15 Mar 2012 12:35 PM PDT

We remain Neutral on Baxter International (NYSE:BAX). The company reported fourth quarter adjusted (excluding one-time items) earnings per share of $1.17 thereby beating the corresponding Zacks Consensus Estimate of $1.16 and surpassing the year-ago earnings of $1.11. The fourth quarter results were in line with Baxter's earlier earnings guidance of $1.15 to $1.18.
Reported net income for the fourth quarter increased roughly 9.5% year over year to $463 million (or 82 cents per share). The … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Markets In Everything: Homeless Hotspots

Posted: 15 Mar 2012 12:29 PM PDT

More from the America Blog – 

“A PR firm is working with local homeless advocates to help homeless people in Austin make some money by carrying around their own personal mi-fi boxes that they use to sell a few minutes of wireless access to people on the street.  Mi-fi is a kind of portable wi-fi emitter that creates a small bubble of wi-fi that you can use on the go (basically the same way that people can use their cell phones to create a small bubble of wifi for their ipads or … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Hot Option Plays: Is AAPL Succumbing To Gravity?

Posted: 15 Mar 2012 12:22 PM PDT

Cusick’s Corner
Overnight action was uneventful; the data this morning was in-line with expectations. Equities are at their best levels and the bonds have now slid back off their mid morning highs. The Dollar, UUP, has pulled off and this has allowed Gold, GLD, to bounce to its best levels. Now, here’s what is making the longs look like my kids on Red Bull — the Fed sounds like they are not planning on QE3, and yields are popping which confirms that the long bond holders are sensing this as … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


PG&E Corp. To Issue Shares

Posted: 15 Mar 2012 12:20 PM PDT

PG&E Corporation (NYSE:PCG) has recently announced a secondary offering of 5,900,000 shares, valued at approximately $250 million. The shares are expected to be issued on March 20, 2012.
The offering would be utilized partly to meet a portion of the company’s estimated equity needs during 2012.  The rest of the proceeds would be utilized in its regulated utility subsidiary, Pacific Gas and Electric Company, for general corporate purposes.
PG&E ended fiscal 2011 with cash and cash … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


First Solar In Large Power Projects

Posted: 15 Mar 2012 12:10 PM PDT

First Solar, Inc. (NASDAQ:FSLR) has decided to build a photovoltaic (PV) solar power project in Hagerstown, Maryland with a generation capacity of 20 megawatt ("AC"). The company will have full ownership of the Maryland Solar plant.
Under a contract, the electricity and renewable energy credits will be sold to a unit of FirstEnergy Corporation (NYSE:FE). To generate clean and renewable energy, the plant will use First Solar's advanced thin film PV modules. The energy generated on an average will … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Why Republicans Aren’t Mentioning The Real Cause Of Rising Prices At The Gas Pump

Posted: 15 Mar 2012 12:01 PM PDT

Gas prices continue to rise, which is finally giving Republicans an issue. Mitt Romney is demanding the President open up more domestic drilling; the super PAC behind Rick Santorum just released a new ad in Louisiana blasting the President on gas prices; and the GOP is attacking the White House on the Keystone XL Pipeline.   
But the rise in gas prices has almost nothing to do with energy policy. It has everything to do with America's continuing failure to adequately regulate … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


The Trend Trader For ETF Trading On Friday, March 16, 2012

Posted: 15 Mar 2012 05:05 AM PDT

By ForexMansion.com

The Trend Trader for ETFs
For Trading On Friday, March 16, 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
109.27
− 0.05
109.60
110.31

Bearish

BND – Vanguard Total Bond Market ETF
82.86
+ 0.02
83.08
83.58

Bearish

DBC – DB Commodity Index Tracking Fd
29.22
+ 0.07
29.27
29.16

Neutral

DIA – SPDR DJ Industrial Average ETF
132.41
+ … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


The Trend Trader For Stock Trading On Friday, March 16, 2012

Posted: 15 Mar 2012 05:05 AM PDT

By ForexMansion.com

The Trend Trader for the Dow 30 Stocks
For Trading On Friday, March 16, 2012

In alphabetical order by symbol

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AA – Alcoa Inc
10.35
+ 0.68
10.27
9.81

Bullish

AXP – American Express Company
56.72
+ 1.02
55.25
52.74

Bullish

BA – Boeing Co
75.43
+ 0.27
74.77
73.52

Bullish

BAC – Bank of America Corporation
9.24
+ 4.52
8.74
7.97

Bullish

CAT – Caterpillar Inc
113.45
+ … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


The Trend Trader For Forex Trading On Friday, March 16, 2012

Posted: 15 Mar 2012 05:05 AM PDT

By ForexMansion.com

The Trend Trader for Forex
For Trading On Friday, March 16, 2012

THE BIG SIX

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AUDUSD – Aust Dollar / US Dollar
1.0525
+ 0.68
1.0504
1.0609

Neutral

EURUSD – Euro / US Dollar
1.3080
+ 0.37
1.3073
1.3170

Neutral

GBPUSD – British Pound / US Dollar
1.5709
+ 0.22
1.5690
1.5737

Neutral

USDCAD – US Dollar / Canadian Dollar
0.9921
− 0.05
0.9914
0.9937

Neutral

USDCHF – US Dollar / … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


The Trend Trader For Futures Trading On Friday, March 16, 2012

Posted: 15 Mar 2012 05:05 AM PDT

By ForexMansion.com

The Trend Trader for Futures
For Trading On Friday, March 16, 2012

INDICES

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

S&P 500 – Jun ESM2
1396.00
+ 0.52
1388.17
1356.08

Bullish

Dow Jones – Jun YMM2
13172
+ 0.32
13104
12807

Bullish

Nasdaq – Jun NQM2
2711.75
+ 0.33
2696.03
2620.33

Bullish

Russell – Jun TFM2
827.10
+ 0.96
822.50
804.07

Bullish

INTEREST RATES

US T-Bond – Jun ZBM2
136-17
− … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


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