DailyMarkets.com - Bear Of The Day: Dril-Quip, Inc. (DRQ)

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• Bear Of The Day: Dril-Quip, Inc. (DRQ)
• Rating Action On American Express
• Week Ahead: FOMC And Earnings In Focus
• Monetary Policy Week In Review – 21 April 2012

Bear Of The Day: Dril-Quip, Inc. (DRQ) Posted: 20 Apr 2012 11:05 PM PDT We are downgrading our recommendation on Dril-Quip, Inc. (NYSE:DRQ) to Underperform from Neutral. The company remains exposed to the highly volatile oil and gas sector fundamentals. We remain concerned about company-specific risks, which include new product growth challenges and potential backlog losses. Additionally, delays in deepwater infrastructure awards may also hinder the growth prospect of Dril-Quip. The company has also exhibited restricted growth in the past few quarters and we remain … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Rating Action On American Express Posted: 20 Apr 2012 10:50 PM PDT On Thursday, Fitch Ratings affirmed the long and short-term Issuer Default Rating (IDR) of American Express Co. (NYSE:AXP) or AmEx and its subsidiaries at "A+" and "F1," respectively, with a stable outlook. The affirmation of ratings was based on AmEx's stable operating results, strong market position, high quality assets and diversified financial sources. Sturdy capitalization, high liquidity and franchise strength also played a role, but the lack of diversity in revenue sources and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Week Ahead: FOMC And Earnings In Focus Posted: 20 Apr 2012 09:00 PM PDT 04/21/12 Next week’s FOMC meeting will be closely watched. Following the two day meeting, the Fed’s forecast and Bernanke’s press conference will take place on … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Monetary Policy Week In Review – 21 April 2012 Posted: 20 Apr 2012 07:45 PM PDT The past week in monetary policy saw two major emerging market economy’s central banks cut rates; with India cutting by a surprise 50 basis points to 8.00%, and Brazil cutting an expected 75 bps to 9.00%.  The only other bank to adjust rates was Mongolia; hiking 100bps to 13.25%.  Meanwhile those that held interest rates unchanged were: Canada 1.00%, Chile 5.00%, Turkey 5.75%, Sweden 1.50%, and the Philippines 4.00%. Looking at the central bank calendar, the week ahead sees the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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