DailyMarkets.com - Back To Neutral On Salix

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• Back To Neutral On Salix
• Hot Option Plays: Small Caps Still Under Pressure
• BPP@MIT Inflation Is Lowest In Two Years At 2.2%
• Nissan Infiniti Goes To China
• CE Mark For St. Jude’s Ellipse ICD
• Citi Sued Over Executive Pays
• Earnings Preview: CBRE Group
• Novellus Reports In-Line
• Markets In Everything: Medical Tourism Is Starting To Take Off In Las Vegas, Nevada
• CNOOC Finds Gas In Yinggehai
• MetLife Reports Early, Beats Ests
• Merger Relief For American Airlines
• Earnings Preview: FMC Technologies
• Earnings Preview: EW
• Crude Slips Below $103 On EU Debt Crisis Concerns

Back To Neutral On Salix Posted: 23 Apr 2012 11:54 AM PDT We recently downgraded Salix Pharmaceuticals, Ltd. (NASDAQ:SLXP) to a Neutral recommendation with a target price of $51.00. Although Salix' fourth quarter 2011 results exceeded expectations with higher revenues boosting performance, the company provided mixed guidance for 2012. While revenue guidance was above the Zacks Consensus Estimate of $697 million, earnings guidance was well below the Zacks Consensus Estimate of $2.63 per share. As a result, the Zacks Consensus Estimate for 2012 declined by … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: Small Caps Still Under Pressure Posted: 23 Apr 2012 11:46 AM PDT Cusick’s Corner 04-23-2012 I mentioned in Friday’s Midday that the weakness in the Mid and Small Caps needs to be watched. Both the economic data out of the EU (more specifically Germany) and worse than expected PMI data out of China help explain the action in the larger market caps but last week before this data was out, the Mid and Small Caps were leading the market down. I will continue to watch support on these market segments, 755 MDY and 935 on IWM, while momentum is in the shorts’ hands … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

BPP@MIT Inflation Is Lowest In Two Years At 2.2% Posted: 23 Apr 2012 11:40 AM PDT The Billion Prices Project @ MIT recently released daily online price index data through March 31, and annual inflation rates for the last two years are displayed in the chart above.  According to this real-time measure of major inflation trends in the U.S., inflationary pressures have been subsiding since last summer, and the annualized inflation rate of about 2.2% through the entire month of March (flat area in the graph) is at the lowest level in more than two years.  … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Nissan Infiniti Goes To China Posted: 23 Apr 2012 11:39 AM PDT Nissan Motor Co. (NASDAQ:NSANY) declared that its Infiniti brand will commence production of cars in China from 2014. The company formed a joint venture with Dongfeng Motor in China with the sole purpose of launching production in the world's largest auto market. Two of Nissan's Infiniti models will be produced in the factories run by Nissan and its Chinese partner. With this, Infiniti brand, which was introduced in China in 2007, will launch its first-ever production outside Japan. The brand … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

CE Mark For St. Jude’s Ellipse ICD Posted: 23 Apr 2012 11:38 AM PDT Medical devices major St. Jude Medical (NYSE:STJ) recently revealed CE Mark for its Ellipse ICD. This tiny high energy device incorporates sophisticated features. It was designed with input from over 200 medical practitioners. The company believes that the Ellipse product line strengthens its cardiac rhythm management offerings (including the Unify Quadra CRT-D system).  Implantable cardioverter defibrillators (ICD) are sophisticated heart devices utilized for treating rapid heart beat. The … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Citi Sued Over Executive Pays Posted: 23 Apr 2012 11:23 AM PDT Citigroup Inc. (NYSE:C) has hit the headlines again and this time over its compensation policy for its top executives. In fact, according to a Reuters report, a suit has been filed by a shareholder against the CEO – Vikram Pandit, and the directors, over their pay packages. According to the allegations, Citi's board has awarded its top executives an excessive pay package for a period of their service when the company's performance has been disappointing. Notably, the compensation awarded to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: CBRE Group Posted: 23 Apr 2012 11:13 AM PDT CBRE Group Inc. (NYSE:CBG), the world's largest commercial real estate services firm in terms of 2011 revenue, is scheduled to report its fiscal 2012 first quarter earnings after the market closes on April 24, 2012. The current Zacks Consensus Estimate for the first quarter is 13 cents per share, representing a year-over-year increase of about 3.08%. Fourth Quarter Recap CBRE Group reported fourth quarter 2011 revenues of $1.8 billion compared with $1.7 billion in the year-earlier quarter, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Novellus Reports In-Line Posted: 23 Apr 2012 10:58 AM PDT Novellus Systems (NASDAQ:NVLS) reported first quarter earnings that were in line with the Zacks Consensus Estimate. It was overall a good quarter for the company, with orders, revenue and margins all looking up after three quarters of decline. The tax rate also dropped, helping results. Novellus did not host a conference call or provide guidance for the next quarter, given that this is likely its last earnings report before the merger with Lam Research (NASDAQ:LRCX). The company received appoval from all … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Markets In Everything: Medical Tourism Is Starting To Take Off In Las Vegas, Nevada Posted: 23 Apr 2012 10:54 AM PDT Can Las Vegas, a city of excess, become a health destination? “Medical tourism has been on Southern Nevada's radar for more than a decade, but only recently have the medical community and the tourism industry coordinated efforts well enough to begin turning the concept into reality and make medical tourism into a bona fide piece of Gov. Brian Sandoval’s economic diversification package.   By most accounts, Las Vegas can't truly consider itself a hub for medical tourism just yet, but … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

CNOOC Finds Gas In Yinggehai Posted: 23 Apr 2012 10:53 AM PDT Chinese offshore giant CNOOC Ltd. (NYSE:CEO) has made another breakthrough in the high temperature and high-pressure natural gas reservoir in Yinggehai Basin. The new discovery made in Dongfang (DF) 13-2 is situated in the north of central sag in Yinggehai Basin of Western South China Sea. The successful evaluation of the middle formation of the DF 13-1 gas field in 2010 has resulted in this new discovery. The new find at DF 13-2 struck gas pay zones in a water depth of 65 meters, having a total … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

MetLife Reports Early, Beats Ests Posted: 23 Apr 2012 10:45 AM PDT Last week, MetLife Inc. (NYSE:MET) came out with its results almost two weeks ahead of the scheduled date, unfortunately reporting a loss in the first quarter of 2012. While filing certain documents to the Securities and Exchange Commission (SEC) to reveal the revised figures for 2011 following the segment reorganization that now show geographical performance, MetLife inadvertently filed its quarterly results. Preliminary results reflected net operating earnings of $1.49 billion or $1.37 per share … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Merger Relief For American Airlines Posted: 23 Apr 2012 10:38 AM PDT The rumors about American Airlines, a subsidiary of AMR Corp. (AMR), merging with another airline have been heating up since the company filed for bankruptcy protection in November last year. Finally, the market buzz appears to be coming true with the three labor unions of American Airlines supporting a plan for the bankrupt carrier's merger with rival US Airways Group Inc. (NYSE:LCC), the fifth largest U.S. airline. This move represents a first step toward a consolidation, though creditors, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: FMC Technologies Posted: 23 Apr 2012 10:23 AM PDT A leading manufacturer and supplier of  technology solutions for the energy industry, FMC Technologies Inc. (NYSE:FTI) is expected to report its first quarter 2012 earnings results on Tuesday April 24, after the close of trading. The Zacks Consensus Estimate for the quarter is  a profit of 44 cents per share, with an upside potential of 2.27%, on revenue of $1,393.0 million. Previous Quarter Recap FMC reported fourth quarter 2011 earnings per share from continuing operations of 41 cents, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: EW Posted: 23 Apr 2012 10:08 AM PDT Edwards Lifesciences Corporation (NYSE:EW) is scheduled to release its first quarter fiscal 2012 results on Tuesday, April 24, 2012 after the market closes. The company is expected to earn 48 cents per share during the quarter on $450 million in revenues, according to the Zacks Consensus Estimate. The consensus estimate is lower than the year-ago quarter's earnings of 53 cents per share. As per Edwards' guidance (provided along with fiscal 2011 results), adjusted earnings per share ("EPS") … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Slips Below $103 On EU Debt Crisis Concerns Posted: 23 Apr 2012 10:00 AM PDT 04/23/12 Front month crude prices saw quite the sell-off Monday afternoon following a series of European reports signaling the strengthening of a global economic … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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