Thursday, March 29, 2012

DailyMarkets.com - QSII Downgraded To Neutral

DailyMarkets.com - QSII Downgraded To Neutral

QSII Downgraded To Neutral

Posted: 29 Mar 2012 11:50 AM PDT

We recently downgraded our recommendation on Quality Systems (NASDAQ:QSII) to Neutral. The company reported earnings per share in third-quarter fiscal 2012, which matched the Zacks Consensus Estimate.
Quality Systems offers an electronic health record ("EHR") product and is benefiting from the migration of ambulatory and inpatient practices to EHR under the federal Stimulus. The company has made multiple acquisitions to bolster organic growth. Its acquisition of IntraNexus, in early 2011, is … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Toyota Invests In SUVs In Canada

Posted: 29 Mar 2012 11:35 AM PDT

Toyota Motor Corp. (NYSE:TM) decided to invest $80 million in its Woodstock, Ontario plant in Canada in order to boost output of RAV4 sport utility vehicles (SUVs). The company's decision was led by strong demand for the SUV and an expected recovery in North America.
The investment will create 400 jobs at the plant as Toyota plans to raise the annual production capacity by one third to 200,000 vehicles. Woodstock and other plants in Ontario employ about 6,500 workers. Apart from RAV4, they … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

RLI Corp. Maintained At Neutral

Posted: 29 Mar 2012 11:20 AM PDT

RLI Corp. (NYSE:RLI) continues to benefit from its business expansion drive, extensive product offerings, strong local branch network and focus on specialty insurance lines. The company scores strongly with the rating agencies and remains focused on returning value to its shareholders.
However, these positives are somewhat dwarfed by RLI Corp's exposure to cat losses and the strained Casualty segment. We thus remain Neutral on the company.
RLI Corp. is one of the industry's most … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Break Up The Big Banks, Says The Dallas Fed

Posted: 29 Mar 2012 11:14 AM PDT

As the Supreme Court shows every sign of throwing out "Obamacare" and leaving 30 million Americans without health insurance, another drama is being played out in the quiet corridors of the Federal Reserve system that may affect even more of us.
Taxpayers will be on the hook for another giant Wall Street bailout, and the economy won't be mended, unless the nation's biggest banks are broken up.
That's not just me talking, or the Occupier movement, or that wayward executive who resigned … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

EU Fines Logistics Companies

Posted: 29 Mar 2012 11:10 AM PDT

The European Union (EU) commission's antitrust regulators have charged $225 million as fine on 14 international freight forwarding companies including United Parcel Service, Inc. (NYSE:UPS) and Expeditors International of Washington Inc. (NASDAQ:EXPD) for perusing price fixing activities for freight transactions in Europe.
According to investigation under the EU commission antitrust department, these logistic companies were involved in four cartel activities, fixing air freight prices between 2002 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Cautious On Frontier???s Transition

Posted: 29 Mar 2012 10:50 AM PDT

We continue to maintain our cautious approach on Frontier Communications Corp. (NYSE:FTR) as it is going through a transitional phase by absorbing the acquired properties and deleveraging its balance sheet.
Despite weak subscriber growth and declining revenues, the company generated the strongest quarterly revenue in the fourth quarter of 2011 since the acquisition of Verizon Communications' (NYSE:VZ) phone lines in 14 states. Adjusted earnings were above the Zacks Consensus Estimate and the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Kinder Morgan Expands Storage Space

Posted: 29 Mar 2012 10:35 AM PDT

Kinder Morgan Energy Partners, L.P. (NYSE:KMP) will boost the merchant storage capacity at its subsidiary Trans Mountain Pipeline’s Edmonton terminal by an additional 1.2 million barrels.
In this regard, Kinder Morgan Canada Terminals has signed a long-term agreement with a major Canadian producer for the construction of the expanded facility.
Kinder Morgan, in last November, announced plans to set up seven tanks with a storage capacity of 2.4 million barrels for crude oil and condensate at the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Willis: “US Markets Realizing Rest Of World Slowed Down”

Posted: 29 Mar 2012 10:23 AM PDT

03/29/12 Sunrise Securities’ Ben Willis discusses today’s extended decline in the equity markets, and provides his take on the BRICS meeting and key … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

DTE Energy Poised At Neutral

Posted: 29 Mar 2012 10:20 AM PDT

We maintain our long-term Neutral recommendation on DTE Energy Company (NYSE:DTE). The company presents a mix of stable earnings from regulated electric and gas utilities in Michigan with a portfolio of volatile non-regulated assets.
The company focuses on improving its cost structure and directing capital investments toward renewable generation, utility infrastructure and environmental compliance assets. This improvement in the cost structure will lead to moderate increases to customer bills.
We … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Masco Stays Neutral

Posted: 29 Mar 2012 10:10 AM PDT

We have maintained a Neutral rating on Masco Corporation (NYSE:MAS) following appraisal of fourth quarter and fiscal year 2011 results.
The company reported a broader loss of 9 cents per share in the fourth quarter of 2011 compared with a loss of 8 cents per share in the fourth quarter of 2010 (excluding special items) and the Zacks Consensus Estimate of a loss of 3 cents. Marginal top-line growth and reduced gross margins led to escalating loss. Sales in the quarter were flat at $1.7 billion … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Oil Slips 2%, Natural Gas At 10-year Low

Posted: 29 Mar 2012 05:00 AM PDT

03/29/12 Crude slipped another 2% Thursday and natural gas took a hit as economic growth concerns and talks of the US and Europe considering tapping into reserves has kept investors in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Aerocraft Solution From 3M

Posted: 29 Mar 2012 09:55 AM PDT

3M Aerospace, part of 3M Company (NYSE:MMM), meets the problem of substructure erosion in aircraft areas, like lavatories, galleys and doorways, which are frequently exposed to moisture through introduction of 3M™ Polyurethane Protective Tapes. These tapes cover the floor panel joints and the larger areas are protected from moisture by these wide-area tapes.
With the constant erosion, the floor panels and beams in the substructure are required to be replaced. These replacements costs about … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bank Of Albania Cuts Interest Rate 25bps To 4.25%

Posted: 29 Mar 2012 09:48 AM PDT

The Bank of Albania dropped its main monetary policy interest rate another 25 basis points to 4.25% from 4.50% previously.  The Bank said [translated]: “the Supervisory Board decided to reduce by 0.25 percentage point interest rate, by deducting the 4.25% level. This decision aims to create appropriate monetary conditions for meeting the inflation target over the medium term. Meanwhile, monetary policy easing provides greater support for development of private sector demand in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Best Buy Beats, Eyes Growth

Posted: 29 Mar 2012 09:40 AM PDT

Best Buy Company Inc. (NYSE:BBY), the leading specialty retailer of consumer electronic products, recently posted better-than-expected fourth-quarter 2012 results. The quarterly earnings of $2.50 a share handily surpassed the Zacks Consensus Estimate of $2.16 and jumped 21% from $2.07 earned in the prior-year quarter.
The company is now treating the results of its closed stores in China, the U.K. and Turkey, coupled with other sold businesses, as discontinued operations. Including the results of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Banca Nationala A Romaniei Cuts Rate 25bps To 5.25%

Posted: 29 Mar 2012 09:40 AM PDT

The Banca Nationala a Romaniei reduced its key monetary policy interest rate by another 25 basis points to 5.25% from 5.50%.  The Bank said: “The NBR restates that achieving both price and financial stability, in the context of fulfilling the commitments under the external financing arrangements with the EU, the IMF and other international financial institutions, is essential for ensuring lasting economic growth. Increased absorption of European funds along with a gradual revival … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

EPD, Enbridge Boost Seaway Capacity

Posted: 29 Mar 2012 09:35 AM PDT

Pipeline companies, Enterprise Products Partners LP (NYSE:EPD) and Enbridge Inc. (NYSE:ENB) announced plans to increase their crude consignments to the U.S. Gulf Coast in response to the supply enhancement from Canada's oil sands and the Bakken Shale in the Northern Plains.
Both parties plan for the expansion of the Seaway Pipeline that will add 450,000 barrels per day (BPD) to the existing facility. This expansion is expected to eventually double the capacity of the system to 850,000 BPD. Seaway … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

BP Inks $400M Asset Sale

Posted: 29 Mar 2012 09:30 AM PDT

BP Plc (NYSE:BP) has inked an asset disposal agreement with Perenco UK Ltd to sell its share in its southern gas assets (SGA) in the UK North Sea. The deal is a part of BP's asset divestiture plan to help pay off the charges ensuing the disastrous Gulf of Mexico (GoM) incident and to develop a more focused North Sea business.
The divestiture includes the Cleeton stream fields, the West Sole stream fields, the Amethyst field and the Dimlington terminal that together produce 25,000 barrels of oil … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Central Bank News Link List – 29 March 2012

Posted: 29 Mar 2012 09:28 AM PDT

Here’s today’s Central Bank News link list, click through if you missed the previous central bank news link list.  Remember, if you want to submit links for inclusion in the daily link list, just email them through to us or post them in the comments section below.

Brazil central bank sees lower inflation, selic rate (Market News International)
BRICS launch criticism against G7 monetary policy (fin24)
ECB prevents chaos, but fails to promote lending (Financial Times)
Rising … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Oil Prices Out Of Line With Fundamentals?

Posted: 29 Mar 2012 09:24 AM PDT

Thursday, March 29, 2012
Many traders have taken a more negative view of commodities lately, fueled by concerns over economic growth. Focus on rising stockpiles and the feeling that the market is well supplied are beginning to overtake supply shock fears, which can be seen as a negative for Oil prices. Fundamentals could turn bullish in the near-term in the event of a military conflict with Iran. Also, the Fed’s expansionary policies without the promise of Bond buying could lead to a much … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Pipeline Progress At Regeneron

Posted: 29 Mar 2012 09:16 AM PDT

Recently, Regeneron Pharmaceuticals Inc. (NASDAQ:REGN) and partner Sanofi (NYSE:SNY) announced encouraging data from two mid-stage studies which evaluated their candidate SAR236553/REGN727 for reducing LDL or bad cholesterol. The companies presented the data at the annual meeting of the American College of Cardiology. REGN727 is a human monoclonal antibody. The antibody binds a protein termed PCSK9.
One of the mid-stage studies (n=183:11565) evaluated patients who had high LDL cholesterol levels … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Roche Bids Higher For Illumina

Posted: 29 Mar 2012 09:02 AM PDT

In its never-ending quest to take over Illumina Inc. (NASDAQ:ILMN), Roche Holdings Ltd. (RHHBY) has now increased its offer price for acquiring all the shares of Illumina to $51.00 from the previously declared $44.50 a share. Other terms and conditions of the deal remain unchanged.
Since January this year, Roche has been trying to acquire Illumina, when it had first announced its bid to acquire all shares of Illumina at an offer price of $44.50 per share (aggregate value $5.7 billion) in cash. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stock Market News Briefs: Amylin Pharmaceuticals, Bristol-Myers Squibb Company, Peabody Energy, Red Hat

Posted: 29 Mar 2012 09:02 AM PDT

    Shares of Amylin Pharmaceuticals, Inc. (NASDAQ:AMLN) gained 54.45% after Bloomberg reported  that the diabetes drug maker had rejected a $3.5 billion takeover bid from Bristol-Myers Squibb Co. (NYSE:BMY)

    Shares of Annie's Inc. (BNNY) gained 89.05% after the food maker launched its IPO on the New York Stock Exchange

    Red Hat Inc. (NYSE:RHT) reported fourth-quarter 2012 earnings per share of $0.19, missing the Zacks Consensus Estimate by a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Autodesk Unveils New Products

Posted: 29 Mar 2012 09:02 AM PDT

In a bid to expand its cloud services offering, Autodesk Inc. (ADSK) recently unveiled a new set of products including solutions and services for building design & construction, civil infrastructure, plant design and digital entertainment professionals. The company also unveiled a new 3D design and software portfolio for manufacturers.
The 2013 family of Autodesk products can seamlessly collaborate with Autodesk 360 (previously known as Autodesk Cloud), a family of hybrid cloud-based and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Market To Retain Somber Mood

Posted: 29 Mar 2012 09:02 AM PDT

There is nothing in this morning's data to bring the market out of its somber mood of recent days. In fact, both of this morning's economic readings – the final GDP read on the fourth quarter of 2011 and the weekly initial Jobless Claims – came in weaker than expected. The soft earnings report from Best Buy (NYSE:BBY) and murmurs of concerns about Spain will not help sentiment, either.

The Commerce department's final read on the fourth quarter 2011 GDP turned to be non-event, as the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

ESRX-MHS To Merge Next Week

Posted: 29 Mar 2012 09:02 AM PDT

The wait for investors is finally over as Express Scripts Inc. (NASDAQ:ESRX) recently announced that its merger with Medco Health Solutions, Inc. (NYSE:MHS) might close in the week starting April 2, 2012. The merger is subject to satisfaction or waiver of the remaining closing conditions.
In mid-March, Express Scripts and Medco Health had agreed to extend their merger-closing date. According to the Hart-Scott-Rodino Act, the waiting period for the merger expired on March 12, 2012. However, the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Ventas Downgraded To Neutral

Posted: 29 Mar 2012 09:02 AM PDT

We have recently downgraded our long-term recommendation on Ventas Inc (VTR) from Outperform to Neutral. Ventas is a leading healthcare real estate investment trust (REIT) in the U.S., primarily engaged in financing, owning and leasing healthcare related and senior housing facilities.
Ventas has one of the largest and most diversified portfolios in the healthcare sector with exposure to all types of facilities. The product diversity of the company allows it to capitalize on opportunities … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Simon Property’s New Shopping Center

Posted: 29 Mar 2012 09:02 AM PDT

Simon Property Group, Inc (SPG) recently announced that it has commenced construction of an upscale shopping center named Phoenix Premium Outlets in Chandler, Arizona. Phase I of the project, encompassing 360,000 square feet of space. is expected to open in spring 2013.
Phoenix Premium Outlets comprises premium and high quality brands and will serve the Greater Phoenix and Scottsdale areas. Simon Property is expected to benefit from the this project as it is located adjacent to the Wild Horse … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Mixed Data For Glaxo & THRX Drug

Posted: 29 Mar 2012 09:02 AM PDT

GlaxoSmithKline (NYSE:GSK) and Theravance, Inc. (NASDAQ:THRX) recently announced top-line data from phase III studies conducted with their pipeline candidate, Relovair, for chronic obstructive pulmonary disease (COPD) and asthma. Relovair is a combination of fluticasone furoate and vilanterol. The companies also announced that they have completed the registrational program for Relovair and the full results from these studies will be presented at upcoming scientific meetings.
Glaxo and Theravance … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Buyer Centric Office Depot

Posted: 29 Mar 2012 09:02 AM PDT

Recently, Office Depot Inc. (NYSE:ODP), one of the leading suppliers of office products and services across the globe, announced the opening of a new Inside Sales Organization facility in Austin, Texas, thereby creating 200 jobs in the region.
With this new facility, the company intends to concentrate more on the needs of small- and medium-sized business. The company's consumer centric approach will bring in huge potential for growth and will augment sales in the long run.
Moreover, considering … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Ball Corp. To Supply Flat Beer Cans

Posted: 29 Mar 2012 09:01 AM PDT

Ball Corporation(NYSE:BLL), the manufacturer of high quality packaging, has been selected to supply three-piece, flat top beer cans to Churchkey Can Company.  The cans are made from recyclable steel that sufficiently protect the beer both from light and oxygen.
Churchkey, the producer of Northwest-brewed Pilsner style craft beer, decided to bring back the flat top beer cans of the past, invented in the mid 1930s. At that time metal openers called church keys were used to open the beer cans. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Paychex Beats, Revenue Improves (revised)

Posted: 29 Mar 2012 09:01 AM PDT

Paychex Inc. (NASDAQ:PAYX) reported third-quarter fiscal 2012 earnings of 37 cents per share, beating the Zacks Consensus Estimate of 34 cents. The company witnessed revenue improvement across all its segments and displayed a good operating performance.

Revenues

Paychex reported third-quarter 2012 revenues of $569.5 million, up 7.2% from $531.3 million in the year-ago quarter. The year-over-year upside can be attributed to growth in Payroll service revenue and Human Resource service … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Morgan Stanley Ties With OSF

Posted: 29 Mar 2012 09:01 AM PDT

Morgan Stanley (NYSE:MS) recently announced that its private-equity business has made an alliance with OSF Merchant Banking to make equity investments in the Brazilian market. The company's lucid intentions to make strategic investments in the world's second largest economy are indeed laudatory.
Together with OSF, Morgan Stanley would eye equity investments in relative medium-sized companies with healthy operating margins and good expansion potential. This move is highly approbatory as Brazil … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

C.H. Robinson Remains Neutral

Posted: 29 Mar 2012 09:01 AM PDT

C.H. Robinson Worldwide Inc. (NASDAQ:CHRW) remains confident about its long-term growth target of 15% despite an uncertain economic outlook. It expects to deliver strong earnings growth backed by improvements in pricing and volume.
The company's longer-term revenue growth strategy remains focused on gaining Intermodal market share and providing best-in-class services as Intermodal is likely to remain the fastest growing mode of transportation over the next decade.
International freight forwarding … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stocks Extend Losses, MM Rallies In IPO

Posted: 29 Mar 2012 08:03 AM PDT

03/29/12 Wall Street opened in the red following mixed economic data and worries over global growth. Millennial Media shares soared as the company marked its trading debut on the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Euro Falls On Renewed Debt Concerns

Posted: 29 Mar 2012 02:00 AM PDT

03/29/12 The euro remained lower Thursday as a general strike and recession talks in Spain saw the higher-yielding currency come under … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stock Futures Lower Amid Global-growth Worries

Posted: 29 Mar 2012 01:00 AM PDT

03/29/12 Stock futures dipped Thursday as recession fears gripped Spain and worries continued regarding slower growth in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Can Corero Network Security Keep Up Momentum?

Posted: 29 Mar 2012 01:25 AM PDT

Selling software to the financial services sector was a pretty brutal market for any business to be in during the dark years of the economic slump – as investors in AIM quoted Corero Network Security (LON:CNS) could testify. Long term holders in the business haven't had much to cheer about over the last three years but the influence of a new management team (and a new strategy) appears to be breathing new life into the shares.

Chairman Jens Montanana and operations chief Andrew Miller took … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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