Wednesday, April 11, 2012

DailyMarkets.com - Dell On A Shopping Spree

DailyMarkets.com - Dell On A Shopping Spree

Dell On A Shopping Spree

Posted: 11 Apr 2012 11:50 AM PDT

Dell Inc. (NASDAQ:DELL) is on an acquisitions spree. After acquiring Clerity Solution — a provider of application modernization services — in April 2012, the company has recently acquired software company Make Technologies Inc. Financial details were not disclosed.
Make Technologies provides software and services that modernize traditional applications used by cloud-based systems. The cloud-based products from the company have the capacity to cut cost, reduce risk and re-engineer … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

BSX Pacemakers OK’d In Europe

Posted: 11 Apr 2012 11:50 AM PDT

Boston Scientific Corporation (NYSE:BSX) has strengthened its Cardiac Rhythm Management ('CRM') portfolio in Europe with the launch of Ingenio and Advantio pacemakers and Invive cardiac resynchronization therapy pacemakers (CRT-P). The CE Mark approval and launch of these products confirmed management's prior expectations.
Pacemakers are intended to treat bradycardia, a condition where the heart beats less than 60 times per minute. Both Ingenio and Advantio pacemakers are enabled with … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

HealthTrust Selects Mindray

Posted: 11 Apr 2012 11:35 AM PDT

Mindray Medical International Limited (NYSE:MR), a leading Chinese medical device manufacturer, recently revealed that it was chosen by HealthTrust Purchasing Group, ("HealthTrust") as a vendor of anesthesia offerings and other goods for 10,600 ambulatory care outfits and 1,400 acute care installations. Mindray stated that it valued its alliance with HealthTrust on account of the latter's compliance record and large number of affiliates.
As per their understanding, Mindray can provide its A … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Schlumberger To Offload Wilson

Posted: 11 Apr 2012 11:20 AM PDT

Schlumberger Limited (NYSE:SLB) has inked an asset sale agreement with National Oilwell Varco, Inc. (NYSE:NOV). Per the deal, Schlumberger will dispose its distribution operation – Wilson – following customary regulatory approvals. Both parties kept the financial terms of the transaction confidential.
The world’s largest oilfield services company, Schlumberger purchased this distribution business in 2010 as part of the Smith International takeover. This unit manufactures pipe, valves, fittings, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: Stocks Bounce, Momentum Slows

Posted: 11 Apr 2012 11:18 AM PDT

Cusick’s Corner 04-11-2012
The bounce on the open in the S&Ps happened as many expected, but what I do not like is that there was not a lot of momentum beyond the 1370 level, which is that midterm support on the S&P 500 cash now acting as resistance. With Crude picking up on bigger draw on gas, the demand picture looks solid and this could potentially bode well for equities. See you After Hours.
Stock market averages are holding gains on positive earnings news and following a rebound in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Photo

Posted: 11 Apr 2012 11:10 AM PDT

Sales, Comps Weak At Regis

Posted: 11 Apr 2012 11:05 AM PDT

Regis Corporation (NYSE:RGS) recently gave an update on the sales and same-store sales (comps) figures for its upcoming third quarter. The company reported third quarter 2012 revenues of $573.6 million, down 1.3% year over year but up 1.9% sequentially.
Same-store sales (comps) for the third quarter fell 3.4% year over year. The rate of decline was sharper than the year-ago drop of 2.3% as well as the previous quarter's decrease of 3.0%. This indicates a persistent deterioration in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

EA Launches Warhammer Beta

Posted: 11 Apr 2012 11:05 AM PDT

Electronic Arts Inc. (EA) recently announced the launch of the open beta version of Warhammer Online: Wrath of Heroes, a player-versus-player (PvP) free game, based on BioWare (an EA division) operated massively-multiplayer online (MMO) game Warhammer Online: Age of Reckoning.
In Warhammer Online: Wrath of Heroes, three teams comprising six gamers each will compete against each other in battles that last for approximately 15 minutes. The new game offers gamers a variety of heroes to choose … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Merge Expands With IConnect

Posted: 11 Apr 2012 11:05 AM PDT

Enterprise imaging and interoperability solutions provider Merge Healthcare (NASDAQ:MRGE) recently extended its existing relationship with Mercy, the 8th major Catholic health care system in the US, through a new deal. As per the new deal, Mercy will adopt Merge's vendor neutral archive iConnect VNA to serve its enterprise of over 200 clinics and hospitals in the midwest. However, financial terms of the deal were not disclosed.
The recent deal enables Mercy to meet the 'Meaningful Use' needs … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Canadian Pacific Expects Promising 1Q

Posted: 11 Apr 2012 11:05 AM PDT

One of the leading railroads of Canada, Canadian Pacific Railway Limited (NYSE:CP) announced its first quarter 2012 earnings estimates in the band of 80–83 cents per share, representing a jump of approximately 320% from its year-earlier earnings of 19 cents. However, the estimated earnings remain well below $1.07 per share earned during fourth quarter 2011.
Currently, the Zacks Consensus Estimate is pegged at 67 cents, representing a 251.7% year-over-year growth.
We remain positive on the other … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Petrobras Sees More Drilling Hits

Posted: 11 Apr 2012 11:05 AM PDT

Petroleo Brasileiro S.A. or Petrobras (NYSE:PBR) along with its partners BG Group and Galp Energia announced the successful drilling of the extension exploratory well in the pre-salt part of Brazil's Santos Basin. Acting as an operator, Petrobras controls 65% stake, while the associates holds a respective interests of 25% and 10%.
The well – 3-BRSA-1032-RJS (3-RJS-697) – is situated at a water depth of 7,053.8 feet in the Iara Evaluation Area, about 138.6 miles off the Rio de Janeiro coast … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

WPPGY Buys Crowdverb & Carnation

Posted: 11 Apr 2012 11:05 AM PDT

Advertising titan, WPP Group Plc. (NASDAQ:WPPGY) recently concluded acquisition of Crowdverb's assets via its wholly owned subsidiary Burson-Marsteller. Financial terms of the transaction were not disclosed.
Seattle, Washington-based firm, Crowdverb is well known for its data-driven approach to manage brand reputations and product promotion. The acquired assets compliment WPPGY's public relations/public affairs business and will be integrated into Direct Impact, a unit of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

IDEX Boosts Cash Dividend

Posted: 11 Apr 2012 11:05 AM PDT

Recently, IDEX Corporation (NYSE:IEX) announced an 18% increase of its quarterly cash dividend per share from 17 cents to 20 cents. The company is scheduled to pay this dividend, which also happens to be its 70th consecutive regular quarterly cash dividend, on April 30, 2012 to its shareholdersof record as of April 20, 2012.
In 2011, IDEX paid a total dividend of $54.6 million to its shareholders and repurchased a total of $4.8 million shares of its common stock at $25.00 per share. Furthermore, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Walmart Remains Neutral

Posted: 11 Apr 2012 11:05 AM PDT

We maintained our Neutral rating on Wal-Mart Stores, Inc. (NYSE:WMT) following appraisal of fourth quarter and full year 2012 results.
Walmart posted earnings of $1.44 per share in the fourth quarter exceeding the prior-year earnings of $1.34 per share, driven by an improved top-line growth. However, the results lagged the Zacks Consensus Estimate by a penny. Revenues climbed 5.8% to $122.3 billion in the quarter, including the positive impact of acquisitions of Netto in UK and Massmart in South … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

BofA’s $8.5B Settlement Deal Opposed

Posted: 11 Apr 2012 11:05 AM PDT

Bank of America Corporation's (NYSE:BAC) $8.5 billion mortgage settlement deal is facing opposition from New York's attorney general (AG), Eric Schneiderman. According to the AG, the compensation that BofA is giving to the investors is inadequate compared to the losses incurred by them. This forced him to file papers in the New York State Supreme Court justice department for permission to intervene in the case.
The objection to mortgage settlement deal comes after the case was transferred from … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Franklin’s March AUM Falls Slightly

Posted: 11 Apr 2012 11:05 AM PDT

 
Franklin Resources Inc. (NYSE:BEN) declared preliminary assets under management (AUM) of $725.7 billion by its subsidiaries for the end of March 2012. The company's results witnessed a slight fall from $727.4 billion as of February 29, 2012 and an increase of 3.2% from $703.5 billion as of March 31, 2011.
Month-end total equity assets came in at $299.9 billion, down 0.4% sequentially and 2.9% on a year-over-year basis. Of the total equity assets, roughly 72% were from international … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Kinder Morgan Initiated At Neutral

Posted: 11 Apr 2012 11:05 AM PDT

We have initiated coverage on Kinder Morgan Inc. (KMI) with a long-term Neutral recommendation and a target price of $41.00. The company's widespread opportunities owing to its master limited partnership's (MLP) − Kinder Morgan Energy Partners, L.P. (NYSE:KMP) − expansion program in the Eagle Ford as well as the positive impact of the pending acquisition of El Paso Corp. (NYSE:EP) remain well balanced considering the risk associated with the fluctuations in natural gas markets.
Texas-based … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Owens-Illinois Provides 1Q Preview

Posted: 11 Apr 2012 11:05 AM PDT

Owens-Illinois, Inc. (NYSE:OI) provided a sneak preview of the first-quarter 2012 results ahead of its conference call, scheduled on April 26, 2012. The company expects earnings per share to be above 67 cents, a 35% climb over and above the prior-year quarter's earnings of 50 cents per share. The upsurge is attributed to higher levels of production, pricing actions, lower costs and cost cuts. The forecast is well ahead of the Zacks Consensus Estimate of 50 cents for the quarter.
The company … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Scorecard: Research In Motion

Posted: 11 Apr 2012 11:05 AM PDT

Research In Motion Ltd.(NASDAQ:RIMM) reported dismal fourth quarter 2012 financial results, with both earnings per share (EPS) and revenue missing the Zacks Consensus Estimates. Moreover, the company reported a weak financial outlook for the first quarter of fiscal 2013.
Fourth Quarter Highlights
GAAP net loss in the reported quarter of fiscal 2012 was $125 million or 24 cents per share compared with a net income of $934 million or $1.78 per share in the year-ago quarter. Fourth quarter adjusted EPS … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Fluor Logistics For US Army In Africa

Posted: 11 Apr 2012 11:05 AM PDT

Fluor Corporation (NYSE:FLR) received a contract from the U.S. Army to work for its Logistics Capabilities Program IV (LOGCAP IV) in Africa. US Africa Command focuses on protecting American interests and strengthening the defense in this region. The Task Order would aid the Army's missions in Africa. The contract win would be reflected in the company's backlog booked in the first quarter of 2012.
As per the deal, Fluor will provide logistic support throughout Africa and will construct camps in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Wendy’s To Grow In East Europe

Posted: 11 Apr 2012 11:05 AM PDT

The Wendy's Co. (NYSE:WEN) recently announced the signing of a deal with The Wissol Group. Per the deal, Wissol Group will set up 25 Wendy's restaurants in Georgia and the Republic of Azerbaijan over the next 10 years.  The terms of the deal were not disclosed. The first Wendy's unit is slated to come up in Tbilisi, Georgia's capital city, in 2013.
The above mentioned deal affirms management's intent to make East European countries among the prime markets for international expansion … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

United Traffic Rises In March

Posted: 11 Apr 2012 11:04 AM PDT

Traffic at United Continental Holdings Inc. (UAL), the largest U.S. airline, inched up 1% year over year in March on international flying. Airline traffic is customarily measured in billions of revenue passenger miles.
On a year-over-year basis, consolidated capacity (or available seat miles) dipped 1.1% while the load factor (percentage of seats filled by passengers) improved 170 basis points (bps) to 81.5%.
Domestic traffic fell 2.3% year over year on a 3.7% capacity reduction of 3.2%, which … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Valdes: “Earnings Bar Set So Low…traders Still Leery”

Posted: 11 Apr 2012 10:37 AM PDT

04/11/12 DME Securities’ Alan Valdes discusses today’s partial recovery in US equities and the latest earnings results from Alcoa. The March US jobs report, EU sovereign debt concerns and the FOMC outlook are also touched … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Oil Rises Above $102 As Supply Jump Falls Short

Posted: 11 Apr 2012 05:00 AM PDT

04/11/12 Oil prices are climbing after the government said U.S. supplies increased less than the industry … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Investors Say “Nein” To German Bund Auction

Posted: 11 Apr 2012 08:29 AM PDT


Those familiar with the shell game or three card monte are aware that in order to keep the game going new players with new money are required to enter.

In the world of global finance a wide array of iterations of these games are being played literally each and every trading day. Who often plays the role of both dealer and participant? The central banks.

Without these entities involved in the markets, there is no doubt that interest rates would be substantially higher than current levels. The critically important questions facing all investors are the following:  … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Wall Street Bounces Back, Alcoa Rallies

Posted: 11 Apr 2012 08:20 AM PDT

04/10/12 US stocks rebounded from Tuesday’s steep selloff. Alcoa shares soared following a better-than-expected earnings … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Wednesday Morning Links

Posted: 11 Apr 2012 07:59 AM PDT

1. Healthy polar bear count (1,013) in northern Canada confounds the doomsayers, there are 66% more bears than previous estimates, maybe more, and the population is growing. 

2. Award-Winning Cuban Blogger Yoani Sanchez’s Acclaimed Blog (Generation Y, which gets 14 million hits per month) Turns 5 Years Old. Congratulations Yoani!

3.  Study finds that nearly two-thirds of hybrid owners would not to purchase another hybrid vehicle when it’s time to trade in.   

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

Charting April Distribution Volume In SPY And QQQ

Posted: 11 Apr 2012 07:30 AM PDT

For traders, assessing volume is important to defining the health or weakness of a trend in motion.
Volume should confirm price, meaning volume should rise during up-swings in a bullish uptrend… or else rise during down-swings in a bearish downtrend.
Let's take a look at recent volume signals in the SPY and QQQ and learn a valuable lesson about volume.
First, let's start with a prior volume-based chart from April 3rd's membership report which sets the stage for our current market … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Euro Rises Despite Debt Concerns, Weak German Bond Auction

Posted: 11 Apr 2012 07:00 AM PDT

04/11/12 Investors appeared to have shrugged off a weak German bond auction and concerns over debt as the euro rose Wednesday to trade higher against its safer-haven … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

US Stock Futures Rally Following Alcoa’s Strong Results

Posted: 11 Apr 2012 01:00 AM PDT

04/11/12 US stock futures rallied Wednesday morning after Alcoa’s strong quarterly results got the earnings season off to a strong … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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