Friday, April 13, 2012

DailyMarkets.com - Army Contract For General Dynamics

DailyMarkets.com - Army Contract For General Dynamics

Army Contract For General Dynamics

Posted: 13 Apr 2012 11:50 AM PDT

General Dynamics Corporation's (NYSE:GD) subsidiary, General Dynamics Information Technology has received a five-year US Army contract with a potential value of $64.5 million if all options are exercised. The company has received the contract to support 160th Signal Brigade of the U.S. Army’s Network Enterprise Technology Command.
Per the contract, General Dynamics will look after the administrative, cyber security and operational functions of Technology Command. 160th Signal Brigade provides … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: St. Jude

Posted: 13 Apr 2012 11:40 AM PDT

Medical devices major St. Jude Medical (NYSE:STJ) is slated to reveal its first quarter results before the opening bell on Wednesday, April 18. The current Zacks Consensus Estimate for the first quarter is 83 cents.
Fourth Quarter Recap
St. Jude's fourth-quarter 2011 adjusted earnings per share of 86 cents beat the Zacks Consensus Estimate by a couple of cents and transcended the year-ago earnings of 75 cents. Profit, as reported, slid 21% year over year to $163.4 million (or 51 cents a share) … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

KMP Boosts Trans Mountain Capacity

Posted: 13 Apr 2012 11:20 AM PDT

Kinder Morgan Energy Partners LP (NYSE:KMP) intends to double the planned capacity expansion of its Trans Mountain pipeline in response to growing customer demand for tapping new markets in the overseas.
The $5 billion worth project will boost the capacity of the Trans Mountain line by about 550,000 barrels a day (BPD) from 300,000 BPD currently. The 1,150-kilometer (714-mile) pipeline ships crude oil from Alberta to Vancouver, to reach the West Coast. Alberta oil sands are expected to reach … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

My Student Loan Is In Default – So What Can They Do To Me?

Posted: 13 Apr 2012 11:15 AM PDT

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


Cabela???s To Hire

Posted: 13 Apr 2012 11:07 AM PDT

The growth in economy is not yet stable, the job market still looks relatively sluggish, and companies are lowering their headcounts in the name of restructuring. In such a scenario, Cabela’s Inc. (NYSE:CAB) announcement of hiring of 250 employees came as a relief in an economy, which is desperately looking for a push. Although it is true that job creation for 250 people is not enough, it is also a known fact that something is better than nothing.
Cabela’s, one of the leading specialty retailers … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Denny’s Obtains New Credit

Posted: 13 Apr 2012 10:50 AM PDT

Denny's Corporation (NASDAQ:DENN) recently announced that it has received a $250 million senior bank credit facility, which includes a $60 million revolving credit and $190 million term loan. The new facility refinances Denny's senior secured debt from September 2010 and amended in March 2011 that had a term loan of $250 million and a $60 million revolver.
The new credit facility will mature in 5 years and is at an interest rate lower than the prior credit. The refinancing is expected to save … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

More LTE Markets For Verizon

Posted: 13 Apr 2012 10:40 AM PDT

The largest U.S. mobile service provider Verizon Communications Inc. (NYSE:VZ) is expanding its Long Term Evolution (LTE) based 4G networks to more cities. The LTE offers mobile broadband download speeds of 5–12 Mbps and upload speeds of 2–5 Mbps.                                    
Verizon will expand its LTE … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Polcari: “Profit-taking…after Recent Gains”

Posted: 13 Apr 2012 10:30 AM PDT

04/13/12 ICAP Equities’ Kenneth Polcari weighs in on the global growth picture, central banks and earnings. The economic and earnings calendar for the upcoming trading week is also … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Corning To Boost Life Sciences Portfolio

Posted: 13 Apr 2012 10:20 AM PDT

Corning Inc. (NYSE:GLW) announced that it has entered into an agreement with Becton, Dickinson & Co. (NYSE:BDX) to buy a major portion of its Discovery Labware unit for about $730 million in cash. The acquisition is expected to be completed later this year, depending on certain customary closing conditions, including receipt of regulatory approvals.
The Discovery Labware unit has operations in Massachusetts, North Carolina, and the United Kingdom, and boasts of extensive dealer networks in Asia, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

CIGNA Kept At Neutral

Posted: 13 Apr 2012 10:06 AM PDT

We reiterate our Neutral recommendation on the shares of CIGNA Corp. (NYSE:CI). Though the company is strongly poised to record earnings growth, given a number of strategic investments undertaken for future growth, volatility associated with its discontinued guaranteed minimum income benefit (GMIB) business and its pension burden keeps us on the sidelines. 
Acquiring HealthSpring Inc. has instantly made Cigna a big player in Medicare Advantage, the U.S. health plan for the elderly and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Wells Fargo Beats As Revs Up

Posted: 13 Apr 2012 09:50 AM PDT

Wells Fargo & Company's (NYSE:WFC) first quarter 2012 earnings of 75 cents per share were 2 cents ahead of the Zacks Consensus Estimate. Results improved from earnings per share of 73 cents in the prior quarter and 67 cents in the year-ago quarter. First quarter net income applicable to common stock came in at $4.0 billion, up 3% sequentially and 13% year over year.
Wells Fargo's results were primarily driven by a higher top line. The company reported a growth in mortgage banking revenue. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Infosys Reports In Line

Posted: 13 Apr 2012 09:50 AM PDT

Infosys Technologies Limited (INFY) reported fourth quarter and fiscal 2012. Quarterly earnings per ADS from continuing operations of 81 cents, per share were in line with the Zacks Consensus Estimate. Earnings grew 1.3% sequentially and grew 15.7% year over year, led by growth in all areas and across the customer base.
Business Details
Total revenue for the quarter was $1.7 billion, representing a year-over-year growth of 10.5%. The company saw growth in retail and manufacturing and also in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Optimer Pharma Evenly Poised

Posted: 13 Apr 2012 09:50 AM PDT

We are maintaining our Neutral recommendation on Optimer Pharmaceuticals (NASDAQ:OPTR) with a target price of $14.00.
In March 2012, Optimer Pharma reported decent fourth quarter and full year 2011 results. The company earned 38 cents per share on an adjusted basis which compared favorably to the year ago loss of 31 cents and the Zacks Consensus Estimate of break-even earnings. Higher revenues led to the improvement. Revenues in the final quarter of 2011 included $11 million of net sales of Optimer … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

JPMorgan Returns To Form

Posted: 13 Apr 2012 09:40 AM PDT

After profit declines for two straight quarters, JPMorgan Chase & Company (NYSE:JPM) reported first quarter earnings per share of $1.31, topping the Zacks Consensus Estimate of $1.17. This also compares favorably with $1.28 earned in the prior-year quarter. That's more like the JPMorgan we have always known.
JPMorgan's better-than-expected earnings signals good going by the sector as it has exposure in almost all banking businesses. Marked recovery of the bond and equity market and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

TSCO Raises Outlook On Solid Sales

Posted: 13 Apr 2012 09:40 AM PDT

Farm supplies retailer Tractor Supply Company (NASDAQ:TSCO) came up with a preview of its first quarter 2012 results. Citing robust sales performance in the first quarter, the company raised its earnings forecast for the quarter as well as for fiscal 2012.
Net sales during the first quarter surged 22.0% to $1.02 billion from $836.6 million in the prior-year quarter. Net sales were ahead of the Zacks Consensus Estimate of $935 million. An early spring in 2012 helped boost same store sales, which rose … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Photo

Posted: 13 Apr 2012 09:30 AM PDT

Two Wall Street Biggies Sued

Posted: 13 Apr 2012 09:25 AM PDT

On Wednesday, Bank of America Corporation (NYSE:BAC) along with U.S. Bancorp (NYSE:USB) was sued by a Chicago pension fund. The complaint lodged claims that these two Wall Street Giants refrained from their duties on regular basis as the trustees for mortgage-backed bonds of Washington Mutual Inc.
Chicago-based the Policemen's Annuity and Benefit Fund alleged that BofA and U.S. Bancorp failed in their roles and did not accurately administer 41 Washington Mutual trusts backed by home loans. Due to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Oil Drops On Slower Chinese Growth

Posted: 13 Apr 2012 04:25 AM PDT

04/13/12 Oil prices were slightly lower this afternoon following a slowdown in Chinese growth and future demand … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Aussie Slides On Poor Chinese GDP As US Dollar Erases Losses

Posted: 13 Apr 2012 09:20 AM PDT

Fundamental Headlines
- Biggest Banks May Need 17% Core Capital under EU Plan – Bloomberg
- Consumer Prices in U.S. Increased at a Slower Pace in March – Bloomberg
- Embarrassed by Rocket Crash, North Korea May Try Nuclear Test – Reuters
- China's Growth Slows to 8.1% – WSJ
- China's Stealth Stimulus – WSJ
European Session Summary
Wednesday's and Thursday's rally represented the best two-day rally by equity markets thus far in 2012. It's of little coincidence that the US … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Commerce Bancshares Beats, Exps Dip

Posted: 13 Apr 2012 09:06 AM PDT

Commerce Bancshares Inc. (NASDAQ:CBSH) reported first-quarter 2012 earnings of 75 cents per share, significantly ahead of the Zacks Consensus Estimate of 67 cents. However, after considering the losses on held-for-sale real estate property and certain incentives related to new bankcard network agreements, the company reported earnings per share of 74 cents.
This compares favorably with the prior quarter's earnings of 69 cents per share and the year-ago quarter's earnings of 66 cents.
Commerce … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

IDEX Completes Acquisition Of PPC

Posted: 13 Apr 2012 08:50 AM PDT

Earlier this week, IDEX Corporation (NYSE:IEX) announced that it has completed the acquisition of Precision Photonics Corporation (PPC). A cash consideration of $20 million was paid for completing the transaction by IDEX.
PPC, established in 2000, is an optical components and coatings manufacturer, primarily catering to supporting research activities, electronic applications and various areas of the telecommunication industry. The primary intent of the acquisition was ossifying IDEX's Optics and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

SABESP Remains In Neutral Zone

Posted: 13 Apr 2012 08:40 AM PDT

 
Brazilian water and sewage services company, Saneamento Basico do Estado de Sao Paulo or SABESP (NYSE:SBS) remains in our Neutral zone.
The company, over time, has retained its position as one of the largest water and sewage services provider in the world, serving primarily the State of São Paulo. Fiscal year ending 2011, the company distributed water to approximately 23.9 million people and provided sewage services to more than 20.5 million people while its water and sewage connections … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Copel Stays On The Sidelines

Posted: 13 Apr 2012 08:20 AM PDT

 
One of the leading electric utilities of Brazil, Companhia Paranaense de Energia (NYSE:ELP), also known as COPEL remained in a Neutral zone, as we maintain a Neutral long-term recommendation on the stock.
The company is engaged in the generation, transmission, and distribution of electricity in the State of Parana and sources 99% of its electricity generation from hydroelectric resources. The company also provides telecommunications, natural gas, engineering, water, and sanitation … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Wall Street Extends Decline On Friday The 13th

Posted: 13 Apr 2012 08:20 AM PDT

04/13/12 US stocks opened lower on concerns about a slowdown in China. Earnings may have topped estimates but the University of Michigan’s consumer sentiment index missed … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Tenet Settles For $84M In Damages

Posted: 13 Apr 2012 08:05 AM PDT

As per an agreement with the federal government, Tenet Healthcare Corp. (NYSE:THC) recently announced that it will receive $84 million in damages related to inadequate Medicare reimbursements over the past several years. The agreement is a part of anindustry-wide settlement initiative undertaken by the U.S. Department of Health and Human Services and the Centers for Medicare & Medicaid Services (CMS) to compensate for past underpayments in the Medicare inpatient prospective payment … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Euro Hurt By Spain, Slowdown In Chinese Growth

Posted: 13 Apr 2012 07:00 AM PDT

04/13/12 The euro was sliding Friday morning, led by risk aversion, this following a slowdown in Chinese growth and Spanish debt … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Global Stocks Slide On Slower Growth In China

Posted: 13 Apr 2012 01:00 AM PDT

04/13/12 Stocks were in the red Friday morning, despite strong earnings, following a weak Chinese GDP … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Sell In May… Or Maybe April

Posted: 13 Apr 2012 03:54 AM PDT

There is nothing like a seasonal pattern to rankle analysts, unsettle investors and get behavioural finance experts foaming at the mouth. Investors have various levels of expectation about the influence that events such as Santa rallies, presidential election years and tax calendar effects may have on stocks, and at least some of it appears to be warranted. Indeed, the mere anticipation of these occasions is claimed by some to be self-fulfilling; if investors expect stocks to fall then that … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
at

No comments:

Post a Comment