Thursday, March 22, 2012

DailyMarkets.com - Starbucks-Green Mountain Deepen Tie

DailyMarkets.com - Starbucks-Green Mountain Deepen Tie

Starbucks-Green Mountain Deepen Tie

Posted: 22 Mar 2012 11:50 AM PDT

Coffee giant Starbucks Corporation (NASDAQ:SBUX) recently announced that it has expanded its existing partnership with Green Mountain Coffee Roasters (NASDAQ:GMCR). Starbucks also revealed the introduction of a new energy drink known as Starbucks Refreshers.
Per the terms of the agreement, the company will manufacture and sell Starbucks-branded Vue packs to be to be used on Green Mountain's newly introduced Keurig Vue single-cup machines. Starbucks already sells the K-Cup packs to GreenMountainto run … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Thoratec Downgraded To Neutral

Posted: 22 Mar 2012 11:35 AM PDT

We recently downgraded our rating for Thoratec (NASDAQ:THOR) to Neutral. Its fourth quarter earnings beat the Zacks Consensus Estimate while profit increased year over year, helped by higher revenues.
Although Thoratec is a growing company, its single product line and small size make it a riskier proposition. HeartWare (HTWR) has filed a PMA for a similar device, which will end Thoratec's dominance for the bridge to transplant (BTT) indication sometime in the third quarter of 2012, leaving it … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

FedEx Outperforms On Record Volume

Posted: 22 Mar 2012 11:30 AM PDT

Before the opening bell, FedEx Corporation (NYSE:FDX), the world’s second-largest package delivery company, reported third quarter fiscal 2012 adjusted earnings of $1.55 per share. The quarter's earnings surpassed the Zacks Consensus Estimate of $1.36 and the year-ago earnings of 81 cents.
The outperformance was attributable to strong yields, record holiday shipping and a remarkable performance by FedEx Ground. Adjusted earnings exclude 10 cents per share of special items related to FedEx … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Buzz Over Sprint HTC Launch

Posted: 22 Mar 2012 11:30 AM PDT

Going by the rumor mills, Sprint Nextel Corporation (NYSE:S) is set to launch another smartphone in collaboration with HTC. The telecom carrier is expected to unveil HTC's latest smartphone, One X on April 4, in New York. There is no confirmed news but market rumors suggest that this new smartphone can be Sprint's first LTE handset.
Sprint is switching to 4G LTE technology from its current 4G WiMax (a wireless broadband technology) network. The company plans to launch its own LTE networks in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Southwest Announces Summer Sale

Posted: 22 Mar 2012 11:20 AM PDT

As winter bids adieu, low cost carrier, Southwest Airlines (NYSE:LUV) is gearing up for summer travel sales. The carrier has announced discounted fares up to $69.00 on a one way trip that can e availed on 10 days advance booking between April 3 and June 27, 2012. The discounted tickets are available on specific days like Tuesdays and Wednesdays to select destinations.
Southwest remains benefited from the seasonal impact on its business. Summer travel boosted revenue growth last year on higher … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

GameStop A Penny Ahead

Posted: 22 Mar 2012 11:10 AM PDT

Strong digital sales facilitated GameStop Corporation (NYSE:GME), the video game and entertainment software retailer, to post quarterly earnings of $1.73 a share, up 10% from $1.57 earned in the prior-year quarter. Moreover, earnings were a penny ahead of the Zacks Consensus Estimate.
Including one time items, earnings dropped 18.6% to $1.27 compared with $1.56 in the prior year period.
Revenue and Margins
Slump in the video gaming industry continues as the recent data of The NPD Group, a market … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Is J. C. Penney Set To Win?

Posted: 22 Mar 2012 11:06 AM PDT

With the hiring of Ron Johnson a few months back and the ensuing change and ongoing makeover, J. C. Penney Company Inc. (NYSE:JCP) now has all the ingredients that a company needs to become America's favorite store. The company's lackluster performance put it on the back foot while many of its peers have walked away with impressive numbers. So, there remains a Herculean task for the company to identify its strengths and channelize those in the right direction to put itself back on the growth … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

FMC, Statoil In Supply Deal

Posted: 22 Mar 2012 10:50 AM PDT

FMC Technologies Inc. (NYSE:FTI) has agreed to manufacture and supply subsea production equipment to Statoil ASA (NYSE:STO). The deal will fetch FMC Technologies approximately $70 million in revenue.
Statoil will utilize the equipment for the development of the Fram H-Nord field that is located at a water depth of approximately 1,200 feet in the Norwegian sector of the North Sea.
Per the agreement, FMC Technologies will deliver one subsea production tree, one manifold and one multiphase meter. The … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Down, Hits 1-week Low On Economic Growth Concerns

Posted: 22 Mar 2012 10:45 AM PDT

03/22/12 Oil prices plunged more than 2% as global stocks retreated on a contraction in manufacturing in both China and the euro … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Baker Hughes Cuts 1Q Outlook

Posted: 22 Mar 2012 10:40 AM PDT

Oilfield service provider, Baker Hughes Inc. (NYSE:BHI) has cut its outlook for the first quarter of 2012 with energy producers shifting their focus from natural gas to crude drilling. This is Baker Hughes' second straight reduction in the North American profit percentage.
The company expects the operating profit before tax margin for its North America division to be in the range of 13.2% and 14.2% for the first quarter of 2012 compared with 18.7% in the preceding quarter. For the international … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

SIRIUS XM Teams With Asbury (revised)

Posted: 22 Mar 2012 10:40 AM PDT

SIRIUS XM Radio Inc. (NASDAQ:SIRI) recently announced a strategic partnership with Asbury Automotive Group (NYSE:ABG) in order to provide radio service to the latter's pre-owned vehicles.

One of the leading automobile retailer and service provider in the US, Asbury currently has 79 dealers operating in the U.S. Over 4,000 dealerships will participate in this program overall, according to a press release. Thus, we believe that the partnership with Asbury will provide SIRIUS XM the leading edge to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

NOC Gets Missile Defense Contract

Posted: 22 Mar 2012 10:25 AM PDT

Northrop Grumman Corporation (NYSE:NOC) has been awarded a $96 million follow-on contract as part of the Missile Defense National Team to continue development, operations and sustainment work.
The Missile Defense National Team, led by Lockheed Martin Corporation (NYSE:LMT), is responsible for the Command, Control, Battle Management and Communications (C2BMC) program for the Missile Defense Agency. A crucial component of the U.S. missile defense strategy, the C2BMC program connects and integrates all … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Weak Chinese Manufacturing Sinks Gold

Posted: 22 Mar 2012 10:18 AM PDT

Thursday, March 22nd
The mood among Gold traders has switched from guarded optimism to caution due to economic conditions deteriorating in China at a quicker pace than previously expected. The outlook for commodities has also dimmed a bit, causing Gold to lose some of its luster. Technically, the April Gold contract is vulnerable and could test 1550 on the downside. Some traders may perhaps with to consider entering into a short futures position on a close below 1615.00, with a downside … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Charles Schwab Stays Neutral

Posted: 22 Mar 2012 10:05 AM PDT

We have reiterated our long-term "Neutral" recommendation on Charles Schwab Corporation (NASDAQ:SCHW) based on its fourth-quarter results and ability to enhance shareholders value. However, we remain concerned regarding the company's financials, which will continue to be impacted by lower trading activities and volatile interest rates.
Charles Schwab's fourth-quarter 2011 earnings were in line with the Zacks Consensus Estimate. Improved trading revenue, lower provision for loan losses and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

HSBC To Exit Canadian Consumer Unit

Posted: 22 Mar 2012 09:50 AM PDT

After failing to find a buyer for its Canadian consumer finance business, HSBC Holdings Plc. (NYSE:HBC) has decided to shut this unit. The closure of this particular division will lead to nearly 500 job cuts.
HSBC's decision to exit the consumer finance business will impact 75 HSBC Finance offices in Canada. The unit's main operations consisted of prime and subprime mortgages, unsecured loans as well as a private-label credit card unit, HSBC Retail Services Inc.
HSBC stated that the unit will … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Capital One Stays Neutral

Posted: 22 Mar 2012 09:50 AM PDT

We have reaffirmed our Neutral recommendation on Capital One Financial Corp. (NYSE:COF) after a thorough review of its fourth-quarter 2011 earnings results. Further, the acquisition of ING Direct USA, the online banking unit of Amsterdam-based ING Groep NV (NYSE:ING) coupled with approval of acquiring HSBC Holdings plc's (NYSE:HBC) U.S. credit card business strengthened our view. The acquisitions are expected to enhance the company's position in terms of deposits and assets, as well as be … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

January Jobless Rate Falls To 0.8% In ND Oil Patch

Posted: 22 Mar 2012 09:31 AM PDT

According to data just released by the state of North Dakota, the unemployment rates both for the city of Williston and the surrounding Williams County fell to 0.8% in January, the lowest jobless rates ever recorded in North Dakota, and possibly for the entire United … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Goldman In Trouble, Again

Posted: 22 Mar 2012 09:25 AM PDT

According to Reuters, the federal judge in New York rescinded the bid filed by The Goldman Sachs Group Inc. (NYSE:GS) regarding the dismissal of a lawsuit charged against the bank, accusing it of selling risky debts. The US District Judge, Victor Marrero, has ordered the plaintiff, Dodona I LLC, to pursue the proceedings over its claims against Goldman relating to the $2 billion offering of collateralized debt obligations (CDOs).
Established in 2007, hedge fund Dodona filed a lawsuit against … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

No Soft Landing For Cotton Prices

Posted: 22 Mar 2012 09:23 AM PDT

Wednesday, March 21, 2012
Though in the short-term, Cotton prices appear a bit oversold, it may be difficult for Old crop prices to stage any lasting rally, especially if Chinese demand begins to wane. Some bearish traders may perhaps wish to explore selling out-of-the-money calls in Cotton futures options on any short-term rallies. For example, with July Cotton trading at 89.43 as of this writing, the July 100.00 calls could be sold for about 0.85, or $425 per option, not including … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Wind Energy Fact Sheet

Posted: 22 Mar 2012 09:15 AM PDT

Source: Watts Up With … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Manufacturing’s Declining Share Of GDP Is Inevitable, Global, And Something To Celebrate

Posted: 22 Mar 2012 08:56 AM PDT

In a new study from the Innovation Technology and Innovation Foundation (ITIF), ("Worse Than the Great Depression: What Experts Are Missing About American Manufacturing Decline") the authors make this statement in the introduction:

"Even if economic policy experts acknowledge that manufacturing's share of output has declined, many comfort themselves with a narrative that such decline comes as the inevitable result of market forces. "Manufacturing is in decline everywhere, even in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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