Monday, April 9, 2012

DailyMarkets.com - Nat Gas Prices: Freefall Continues

DailyMarkets.com - Nat Gas Prices: Freefall Continues


Nat Gas Prices: Freefall Continues

Posted: 09 Apr 2012 11:55 AM PDT

The U.S. Energy Department’s weekly inventory release showed a larger-than-expected increase in natural gas supplies, as record-warm March temperatures across the country have restricted the commodity's requirement for power burn. The injection – third in 2012 – has added to the already bloated inventories, thereby pressuring spot prices that slipped to a 31-month low.
Gas stocks – currently some 60% above the benchmark five-year average levels – are at their highest point for this … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Cepheid Upgraded To Outperform

Posted: 09 Apr 2012 11:50 AM PDT

Recently, we upgraded Cepheid (NASDAQ:CPHD) to Outperform from Neutral impressed as we are by its strong system placements over the past few quarters and a robust growth outlook.
System placements continue to remain strong as Cepheid has been expanding its test menu besides entering into strategic partnerships to support distribution. We are impressed with the record placement of 175 GeneXpert systems in the last reported quarter in its commercial business, taking the total number of systems placed … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Lockheed Grabs Billion $ Navy Deal

Posted: 09 Apr 2012 11:35 AM PDT

Lockheed Martin Corporation (NYSE:LMT) has received a sizeable five-year contract worth $1.05 billion from the U.S. Navy to provide digital cockpits and integrated mission systems and sensors for the Navy's helicopters.
Per the contract, Lockheed will provide 200 digital cockpits and integrated mission systems and sensors for the U.S. Navy's MH-60R “Romeo” and MH-60S “Sierra” helicopters. The multi-year structure of this contract in comparison to the annual contract helps its customers to save … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Patterson-UTI: 232 Rigs At Work

Posted: 09 Apr 2012 11:20 AM PDT

Onshore contract driller Patterson-UTI Energy Inc. (PTEN) declared that its March 2012 drill rig count averaged 232, down from 240 in the previous month. The company operated 225 rigs in the U.S. and 7 in Canada in March, compared with 224 rigs in the U.S. and 16 rigs in Canada during February this year.
Patterson-UTI's activity levels in the U.S. peaked in early October 2008 with a rig count of 275. Since then through the second quarter of 2009, the company witnessed a steep and rapid … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Hot Option Plays: Stocks Lower On Disappointing Jobs Data

Posted: 09 Apr 2012 11:18 AM PDT

Cusick’s Corner 04-09-2012
Watching this market is like a watching card game at 2am — looking to see who is bluffing and if the big players are trying to do some serious positioning. What I am referring to is the Fed and QE3 which appear to be back in play now (or at least for a headline or two) after the worse than expected jobs data. We are also technically at a level where I think an institutional bid may potentially have decent standing, 1370 on the S&Ps. See you After Hours.
Stock … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Equinix Hosts Unitas’ Expansion

Posted: 09 Apr 2012 11:05 AM PDT

Leading data center solutions provider Equinix Inc. (NASDAQ:EQIX) recently announced that its International Business Exchange (IBX) data centers have been selected by Los Angeles-based managed infrastructure services provider Unitas Global. Financial terms of the deal were not disclosed.
Per the deal, Equinix will host Unitas Global's services through its Singapore (SG2) and Sydney (SY3) IBX platforms. With Equinix' data center platform, Unitas Global will be able to connect speedily with its … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Guilfoyle: “Pretty Safe To Say…Fed To Extend Operation Twist”

Posted: 09 Apr 2012 10:57 AM PDT

04/09/12 Meridian Equity Partners’ Stephen Guilfoyle discusses the disappointing nonfarm payrolls data, expectations for the Federal Reserve and key technical … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


H-P, AMA To Enhance Health Care

Posted: 09 Apr 2012 10:50 AM PDT

Hewlett-Packard Company (NYSE:HPQ) reportedly collaborated with the American Medical Association (AMA) whereby the tech giant will provide necessary technology support and advice to help medical professionals and organizations serve patients promptly. The AMA unites various medical doctors and medical students across the U.S. to formulate vital policies related to professional activities, public health and overall health care. Financial details were not divulged.
Per the terms, H-P will offer AMA … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


PNC Hikes Div, To Buyback Shares

Posted: 09 Apr 2012 10:35 AM PDT

There is finally something official for the shareholders of PNC Financial Services Group Inc. (NYSE:PNC) to cheer for.  The company has announced a 14% hike in its quarterly dividend. Moreover, PNC Financial also intends to buy back up to $250 million of common stock under its existing 25 million share repurchase program during the remainder of 2012.
The Details
The increased quarterly cash dividend now stands at 40 cents per share, up 5 cents from 35 cents paid earlier. This new dividend … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Broadcom Completes BroadLight Acquisition

Posted: 09 Apr 2012 10:20 AM PDT

Broadcom Corporation (NASDAQ:BRCM) recently completed its acquisition of BroadLight, Inc. The acquisition was announced in March 2012.
Based in Delaware, BroadLight had a subsidiary in Israel as well. BroadLight provides highly integrated networking and fiber access PON (Passive Optical Network) processors.
Broadcom paid $195 million in cash for the acquisition. Broadcom expects that the acquisition will be roughly neutral to the bottom-line in 2012, excluding any purchase accounting-related … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Less Optimism On Monsanto

Posted: 09 Apr 2012 10:05 AM PDT

We have downgraded our recommendation on Monsanto Company (NYSE:MON) to Neutral from Outperform based on our concerns over mounting production cost and increasing business competition. Our concerns, however, neutralize as the company has been witnessing continuous increase in production and it is focused on innovation and technology upgradation.
The global market for Seeds and Genomics is cluttered with numerous agrichemical and seed marketers. To survive amidst tough market conditions, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Oil Falls 2% On US Jobs Data‎

Posted: 09 Apr 2012 05:00 AM PDT

04/09/12 Oil dropped to a seven-week low as an employment report raised concern that US fuel demand will … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Allos Eyed By Spectrum Pharma

Posted: 09 Apr 2012 09:50 AM PDT

Recently, Allos Therapeutics, Inc. (NASDAQ:ALTH) and Spectrum Pharmaceuticals (NASDAQ:SPPI) inked a deal whereby the latter agreed to acquire the former for $1.82 per share in cash, in addition to one contingent value right (CVR). The offer price represents a premium of 27% to Allos' closing price on April 4, 2012. Spectrum Pharma intends to finance the deal through its available cash balance in addition to a revolving credit line from Bank of America.
Per the terms of the deal, Spectrum Pharma will … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Macy’s Sales Ups

Posted: 09 Apr 2012 09:50 AM PDT

Macy's Inc.'s (NYSE:M) relentless endeavors to keep itself on the growth trajectory have paid off well in an economy, which is gradually making its way out of the woods. The company has been moving on and keeping its upbeat note, as evident from the healthy sales results for the five-week period ended March 31, 2012.
The leading department store retailer in the U.S. saw its comparable-store sales rising 7.3% in March 2012, following an increase of 4.6% in February 2012 and compared with a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Cash-Rich KSU Launches Dividend (revised)

Posted: 09 Apr 2012 09:50 AM PDT

One of the leading and oldest freight railroads, Kansas City Southern (NYSE:KSU) has announced that it will start paying quarterly dividend on its common stock beginning first quarter of the year. The company's board of directors has announced a quarterly cash dividend of 19.5 cents payable on April 27 to shareholders of record on April 16. The dividend will represent a quarterly and annualized payout of $21.4 million and 85.6 million, respectively.
Previously, KSU paid dividends only on … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Fifth Third Exits Mutual Fund Biz

Posted: 09 Apr 2012 09:20 AM PDT

On Thursday, Cincinnati-based Fifth Third Bancorp (NASDAQ:FITB) announced its plan to exit its mutual fund business after vending most of the assets. Fifth Third Asset Management Inc. (FTAM), the asset management subsidiary of Fifth Third, entered into two definitive agreements to sell off its mutual fund assets. However, the company will continue as sub-advisor to some of the mutual funds.
Under the first agreement, Federated Investors Inc. (NYSE:FII), one of the largest investment managers, will … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


LGL Group Fourth Quarter 2011 Results:

Posted: 09 Apr 2012 09:15 AM PDT

LGL Group fourth quarter 2011 results:
Ian Gilson,  CFA

Fourth quarter revenue was below our forecast with both segments showing continued weakness. Operating margins declined but less so than prior periods when revenue dropped. Backlog was down but showed encouraging signs as the sequential quarterly change was less than the second to third quarterly change.
           … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


DaVita Forays In Saudi Arabia

Posted: 09 Apr 2012 09:10 AM PDT

DaVita Inc. (NYSE:DVA) recently declared that it has purchased a controlling interest in a Saudi Arabian kidney care company – Lehbi Care. All the three hemodialysis clinics of Lehbi, which are situated in the Saudi Arabian capital, Riyadh, will now be managed by DaVita.
Riyadh-based Lehbi currently has over 400 patients under its care. These patients will be benefited by DaVita's plans to open a vascular access center and expand home dialysis services.
The acquisition is an important step in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Ross Stores’ March Comps Take Off

Posted: 09 Apr 2012 08:50 AM PDT

The largest off-price apparel and home fashion chain in U.S., Ross Stores Inc. (NASDAQ:ROST) came up with stronger-than-expected sales and same store sales numbers for the five weeks ended March 31, 2012.
Ross Stores' same-store sales in March 2012 grew 10% from last year. Also, for the nine-week period through March 31, 2012, the company registered a 10% year-over-year increase in same-store sales.
Ross Stores' sales for the month of March jumped 15% from the year-ago comparable period (five … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Gold Prices Are Set For Further Decline

Posted: 09 Apr 2012 08:46 AM PDT

In the not-so-distant past arguing that precious metals prices were setup to fall generally elicited a response which was not real pleasant. In fact, during gold's infamous bull market rally on several occasions I called for pullbacks which regardless of the accuracy of my call generated hate mail that seemingly never ended.
Fast forward to the present and hardcore gold bugs remain transfixed on the idea that precious metals must rise. The gold bull market has ended, at least for now and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


AEMD Raises Another $500k

Posted: 09 Apr 2012 08:35 AM PDT

AEMD Raises Another $500k

Brian Marckx, CFA

$500k in New Equity

Aethlon Medical (AEMD) continues to be successful in raising capital to fund operations and the development of their flagship device, the Hemopurifier.  In an 8-K filed on April 6th, Aethlon announced that they raised another $500k through the sale of common shares which included attached warrants.  The sale was made through a private placement to one investor and includes 6.25 million common shares (at $0.08) and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


PPG Provides 1Q Outlook

Posted: 09 Apr 2012 08:35 AM PDT

Coatings and Specialty Materials company, PPG Industries Inc. (NYSE:PPG) has issued guidance for the first quarter of 2012. The company expects adjusted earnings to be in the range of $1.75 to $1.80 per share for the first quarter compared with $1.40 per share, as reported in the year-ago quarter.
After including restructuring expenses and costs associated with acquisition and environmental remediation, the company expects earnings to be in the range of 2 to 7 cents per share. The company … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Dejour To Drill Kokopelli Property In 3Q 2012

Posted: 09 Apr 2012 08:20 AM PDT

Dejour to drill Kokopelli property in 3Q 2012
Steven Ralston, CFA

Dejour (DEJ) reported results for the fourth quarter and full year of 2011 ending December 31, 2011. Quarterly earnings were a loss of CAD $0.07 per diluted share. Reported earnings were below our estimate, primarily due to a non-cash impairment charge and lower-than-expected production from the new third well at Woodrush. Gross oil and gas revenues for the quarter increased 62.1% year-over-year to $2.48 million as operating … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Balanced View Of Compuware

Posted: 09 Apr 2012 08:20 AM PDT

We retain our 'Neutral' recommendation on Compuware Corporation (NASDAQ:CPWR). While Compuware appears perspicacious about attaining its pervasive long-term targets, certain lingering downsides still pose a threat to the stock.
The Vantage, Gomez and dynaTrace acquisitions have turned into crucial growth drivers for the company's Application Performance Management (APM) business unit making Compuware prescient of favorable yields accruing in the coming years. The company currently projects … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Caterpillar: Poster Child For The U.S. Manufacturing Renaissance: Record Order Backlog Of $30 Billion

Posted: 09 Apr 2012 08:18 AM PDT

Reuters – “It hasn’t been longsince Caterpillar Inc looked like the typical residentof the Rust Belt. Having misjudged how deep the U.S. economywould decline, the world’s largest maker of constructionmachinery reduced its workforce by 33,000 people worldwide in2009, closed plants and posted lower profits.  But the Peoria, Illinois-based company has mounted a quickrecovery and is emerging as the poster child for America’smanufacturing renaissance.

In 24 months, 15 Caterpillar facilities … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Voter Fraud: The Case For Voter ID

Posted: 09 Apr 2012 08:12 AM PDT

True democracy requires an emphasis both on the 'truth' and on the 'democracy'.
How can America have a true democracy when at the very core of our system we allow- – -if not promote- – -the possibility of very real voter fraud? The power of the vote is the cornerstone of our democracy. That power should be protected and practiced with every effort possible.
How and why can we not have a voter ID requirement in our nation? 
People need ID for almost everything they do in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Rite Aid’s March Comps Up

Posted: 09 Apr 2012 08:05 AM PDT

Drugstore chain Rite Aid Corporation (NYSE:RAD) posted a 3.6% increase in same-store sales (comps) for the month of March, based on strong front-end, pharmacy and prescription count comps for the month. Front-end same-store sales for the four-week period ended March 31, 2012, increased 4.6%, while pharmacy and prescription count comps were up 3.2% and 2.6%, respectively.
Pharmacy comps for March included a negative impact of around 240 basis points from new generic introductions.
Rite Aid recorded … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Dow Dips Below 13K On Weak Jobs Data

Posted: 09 Apr 2012 08:05 AM PDT

04/09/12 The Dow posted a triple digit loss as US markets returned from the holiday weekend. The March US jobs report disappointed with nonfarm payrolls missing … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


John Taylor: Trust In The Power Of The Market

Posted: 09 Apr 2012 07:42 AM PDT

Stanford Professor John Taylor discusses the “Power of the Market” on CNBC based on his book “First Principles: Five Keys to Restoring America’s Prosperity.” 

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


Building A Fibonacci Confluence Grid For SP500 Reference April 9

Posted: 09 Apr 2012 07:24 AM PDT

If indeed the S&P 500 (and other US Indexes) retrace sharply lower, what potential short-term support areas might be good targets, at least from a Fibonacci Retracement standpoint?
Let's build a quick Fibonacci Confluence Support grid for the current S&P 500 and pinpoint these potential levels.

Here's the logic behind this chart before we discuss the levels.
While many traders may draw a single Fibonacci Retracement Grid from a major swing low to a recent swing high, traders can … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Dollar Hits 1-month Low Vs Yen After Jobs Data

Posted: 09 Apr 2012 07:00 AM PDT

04/09/12 The dollar dropped to a one-month low against the Japanese yen Monday as investors digested the significance of last Friday’s weaker-than-expected U.S. employment … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Stock Futures Point To Losses

Posted: 09 Apr 2012 01:00 AM PDT

04/09/12 US stock futures dropped Monday in the wake of Friday’s much weaker-than-expected March US job creation … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Understanding Unemployment

Posted: 08 Apr 2012 12:00 PM PDT

04/08/12 NYFP’s “Wall Street Lingo”: This week, we introduce one of the most followed economic reports, the U.S. unemployment rate, while also discussing why it is so important and widely … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


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