Wednesday, April 4, 2012

DailyMarkets.com - Pioneer Closes CIS Acquisition

DailyMarkets.com - Pioneer Closes CIS Acquisition

Pioneer Closes CIS Acquisition

Posted: 04 Apr 2012 11:55 AM PDT

Pioneer Natural Resources Company (NYSE:PXD) wrapped up the acquisition pact with Belgium-based Carmeuse Holding SA to acquire the latter's U.S. industrial sands business — Carmeuse Industrial Sands ("CIS") — for approximately $297 million. The agreement was announced earlier last month.
The CIS unit — now known as Premier Silica LLC ("Premier Silica") — is considered to be the leading producer of Hickory frac sand, known as Brady Brown, which is being applied as proppant for … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Delta Traffic Rises In March

Posted: 04 Apr 2012 11:35 AM PDT

Delta Air Lines Inc. (NYSE:DAL), the second largest U.S. airline, reported a 2% year-over-year traffic increase in March due to a surge in travel demand from business travelers. Airline traffic is customarily measured in billions of revenue passenger miles.
On a year-over-year basis, consolidated capacity (or available seat miles) fell 3.4% while the load factor (percentage of seats filled by passengers) improved 400 basis points (bps) to 84.1%.
Domestic traffic inched up 0.3% year over year on a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

McGraw-Hill Acquires QuantHouse

Posted: 04 Apr 2012 11:20 AM PDT

The financial world is ever changing and so are the demands of investors who now want data readily available. This has resulted in fierce competition among companies offering investment tools to grab market share on the basis of superior functionality and investor oriented services.
In view of this, S&P Capital IQ, a unit of The McGraw-Hill Companies Inc. (NYSE:MHP), recently acquired QuantHouse, the provider of market statistics and trading solutions. However, the terms of the transaction … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Red Robin To Debut In Miami

Posted: 04 Apr 2012 11:05 AM PDT

Red Robin Gourmet Burgers Inc. (NASDAQ:RRGB), a chain of casual dining restaurants, is set to debut its first unit in Miami area, Florida, shortly. The new restaurant will be located at The Falls and will offer gourmet burgers served with Bottomless Steak Fries, a variety of salads, entrees, soups and wraps made with fresh ingredients. In Florida, the company already has six more restaurants.
Given customers' inclination toward a fresh organic menu as well as concerns about nutrition these days, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Mogavero: “FOMC Reaction…confidence Not There”

Posted: 04 Apr 2012 11:00 AM PDT

04/04/12 Mogavero, Lee & Co.’s Doreen Mogavero discusses today’s tumble in US equities, reaction to the FOMC minutes and expectations for the March jobs … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Wavering Prospects Of Healthcare Reform

Posted: 04 Apr 2012 10:55 AM PDT

Last week, health reform legislation proposed by President Obama two years ago, was contested in the U.S. Supreme Court.
Certain aspects of the legislation have been challenged in the federal courts; with detractors attempting to challenge the scope of the law or even declare some parts of it unconstitutional. The United States Supreme Court heard arguments on certain aspects of these cases, including the constitutionality of the individual mandate and expansion of Medicaid in 26 states. Both … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Lexmark Seals 5-Year Deal With USDA

Posted: 04 Apr 2012 10:55 AM PDT

The leading printing and imaging solutions provider, Lexmark International Inc. (NYSE:LXK) won a 5-year contract from the U.S. Department of Agriculture (USDA) for a sum of $50.0 million. The contract was awarded under a BPA (Blanket Purchase Agreements) program. The U.S. government uses BPAs for the procurement of services and products that are required on an ongoing basis.
Per the contract terms, Lexmark will provide its Managed Printing Services (MPS) for managing the printing needs of each … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

SCANA Nuclear Units Approved

Posted: 04 Apr 2012 10:35 AM PDT

A principal subsidiary of SCANA Corp. (NYSE:SCG) — South Carolina Electric & Gas Company (SCE&G) — struck a preliminary agreement with Westinghouse Electric Company and The Shaw Group Inc. – the project managers, to resolve a dispute regarding construction cost overruns for its planned new nuclear units.
SCE&G had proposed to construct two 1,117 megawatt nuclear reactors in partnership with state-owned electric agency Santee Cooper to the U.S. Nuclear Regulatory Commission (NRC) … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

MF Global: The Accounting Error That Wasn’t

Posted: 04 Apr 2012 10:24 AM PDT

What really transpired within the offices of MF Global over that last fateful week?
On October 24th, the firm was downgraded by Moody's. A week later the once venerable house known as MF Global declared bankruptcy. Who knew what and when did they know it? How did hundreds of millions of dollars of customer funds go missing? The best accounting and "follow the money" reporting I have seen to date is provided by a Sense on Cents favorite, CFO, which writes,

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

Honeywell Expands Facility

Posted: 04 Apr 2012 10:20 AM PDT

Honeywell International Inc.'s (NYSE:HON), group company, UOP LLC, is all set to expand its production facility in Mobile, Ala., to produce adsorbents and catalysts. The company will be investing about $20 million for this expansion.
The facility for expansion produces IONSIV™ Ion Exchange adsorbents, used for the removal of radioactive material from liquids. Honeywell’s UOP IONSIV™ Ion Exchange adsorbents are being used in Japan, following the 2011 nuclear disaster. With the facility … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Falls 2% On FOMC Minutes And Inventory Spike

Posted: 04 Apr 2012 05:00 AM PDT

04/04/12 Front month crude prices fell near 2% Wednesday following a large build in supplies for last week and at the FOMC minutes revealing policymakers backing away from additional … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Wright Medical Stays Neutral

Posted: 04 Apr 2012 09:55 AM PDT

We maintain our Neutral recommendation on Wright Medical Group (NASDAQ:WMGI). Its fourth quarter earnings beat the Zacks Consensus Estimate. The company reported a minor profit in the quarter, though this was affected by several charges.
Declines across hip and knee artificial joint franchises more than offset a modest gain in the extremity implants business. However, the company issued favorable guidance for fiscal 2012. The company’s revenue growth will be supported by the launch of new products, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Silver Slipper In Full House

Posted: 04 Apr 2012 09:35 AM PDT

Full House Resorts Inc. (FLL) recently signed a definitive acquisition agreement with Silver Slipper Casino Venture LLC. Per the agreement, Full House will acquire Silver Slipper Casino for $70 million. The purchase consideration is exclusive of estimated cash, net working capital balances, fees and expenses and other adjustments. The agreement, pending funds and regulatory approvals, is likely to be wrapped up in the third quarter of 2012.
Full House will fund the deal with a new credit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Wednesday Links

Posted: 04 Apr 2012 09:34 AM PDT

1. U.S. apartment vacancy rate fell to a decade low of 4.9% in Q1 2012, the lowest rate since Q4 2001.

2. Hiring at U.S. workplaces jumped in March; Gallup Monthly Job Creation Index rose four percentage points to the highest level since mid-2008.  

3.  Canadians protest wind subsidies claiming that turbine noise is making them ill and wind energy is raising energy prices and lowering rural property values.

4. How Fiverr.com is changing the creative economy $5 at a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

GSK Reports Data On Diabetes Drug

Posted: 04 Apr 2012 09:25 AM PDT

GlaxoSmithKline plc (NYSE:GSK) recently announced top-line results on its phase III candidate, albiglutide. Albiglutide is being investigated in 8 phase III studies named Harmony 1 to Harmony 8. The company said that it has received top-line data from 7 of the 8 studies.
The company reported positive results from the phase III Harmony 6 study, evaluating the efficacy and safety of albiglutide in patients with type II diabetes. The 26-week study compared albiglutide with preprandial insulin, both … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Rubio Top VP Candidate At Paddypower And Intrade

Posted: 04 Apr 2012 09:23 AM PDT

The Washington Post reports today that betting has opened on the Paddypower.com website for the Republican VP candidate.  Marco Rubio is currently the top choice at odds of 11/4 (26.7%), which is almost same as the current Intrade odds for Rubio (25.3%).  Chris Christie has the second highest odds on both sites, 1/6 on Paddypower (16.7%) vs. 11% on … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Sempra Signs Twin PPA Agreements

Posted: 04 Apr 2012 09:10 AM PDT

San Diego Gas & Electric ("SDG&E"), a subsidiary of Sempra Energy (NYSE:SRE) has entered into two 20-year purchase power agreements ("PPA") with Silverado Power subsidiaries.
As per the agreement, Sempra Energy will purchase 15 megawatts ('MW') of solar energy from Western Antelope Dry Ranch LLC in Lancaster, California, and Victor Mesa Linda B LLC in Victorville, California.
The Lancaster project has the capacity to generate 10 MW of energy and the project at Victorville will … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Cartoon Of The Day

Posted: 04 Apr 2012 09:09 AM PDT

Growth & Income Stock: Cooper Industries Plc

Posted: 04 Apr 2012 09:01 AM PDT

Cooper Industries plc (NYSE:CBE) offers investors strong growth and solid income at a reasonable price.
Based on consensus estimates, analysts believe the electrical products manufacturer will deliver solid double-digit EPS growth over the next few years. On top of this, the company pays a dividend that yields a solid 1.9%.
And valuation looks very reasonable with shares sporting a PEG ratio of 1.0.
Consensus estimates have been rising after the company delivered record earnings for the fourth … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Analyst Interviews: Alt-Energy Stock Outlook

Posted: 04 Apr 2012 09:01 AM PDT

Historically, the growth outlook of alternative energy companies has been inversely related to the prices of petroleum products and directly related to the state of the economy. While that relationship remains in place, other macroeconomic uncertainties are weighing on the sector's fortunes.

The more notable of such recent headwinds has the Euro-zone debt crisis, which has been a threat to the global economy. The overall fear of contagion emanating from Europe has significantly subsided … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bull Of The Day: Caterpillar, Inc. (CAT)

Posted: 04 Apr 2012 09:01 AM PDT

Caterpillar Inc.’s (NYSE:CAT) fourth-quarter EPS increased 53% to $2.25 and revenues surged 35% to a record $17.2 billion, driven by increased machine demand. Results were way ahead of Zacks Consensus Estimates.
With the Bucyrus acquisition, the company is positioned to be the #1 mining equipment manufacturer in the U.S. with a strong footing in the major mining markets of China and India. Caterpillar’s backlog is at a record level, which holds promise for the year ahead. We believe Caterpillar’s … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bear Of The Day: POSCO

Posted: 04 Apr 2012 09:01 AM PDT

POSCO – ADR (NYSE:PKX) reported disappointing financial results in 2011 with the company’s net earnings falling roughly 12% year over year. Weak margins due to higher raw material costs led to the downfall.
Though the company’s focus on expansion in the fast growing markets, such as graphene and synthetic natural gas, and investments in raw materials should be advantageous, the positive momentum suffers a setback in the near term due to global uncertainty.
Steel demand remains soft and lags behind … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Aggressive Growth Stock: Lindsay Corporation

Posted: 04 Apr 2012 09:01 AM PDT

Lindsay Corporation (LNN), after beating the Zacks Consensus in four of the last five quarters, obtains the Zacks #1 Rank (Strong Buy). Higher estimates and a good looking chart also make the stock just what aggressive growth investors are looking for.
Company Description
Lindsay Corporation designs, manufactures, and sells irrigation systems that are primarily used in the agricultural industry to increase or stabilize crop production while conserving water, energy, and labor in the United … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Momentum Stock: ARM Holdings Plc

Posted: 04 Apr 2012 09:01 AM PDT

ARM Holdings Plc (ARMH)
Company Description
You may recognize the name from their ARM chips (processors) that come in all sorts of electronics ranging from mobile handsets, Smartphones and digital set top boxes to car braking systems, network routers and more.  In fact over 20 billion ARM based have shipped to date and over 800 processor licenses have been sold in more than 250 countries since ARM was formed in 1990.
ARMH is focused more in the design and licensing of IP, as opposed to the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

TJX Boosts Quarterly Dividend

Posted: 04 Apr 2012 09:00 AM PDT

The TJX Companies Inc. (NYSE:TJX) announced that its board of directors has approved a 21% hike to its regular quarterly dividend. This is the 16th consecutive year for which the company hiked its quarterly dividend.
TJX will now pay 11.5 cents per share of dividend to its shareholders compared to 9.5 cents paid earlier. The increased dividend will be paid on May 31, 2012, to shareholders of record as of May 10, 2012.
The increased dividend reflects the company's sound financial position. Signs … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Unilever Launches Clear In U.S. (revised)

Posted: 04 Apr 2012 09:00 AM PDT

Dutch consumer goods maker Unilever NV (NYSE:UN) has launched its hair care product 'Clear' in the US markets intending to focus on the ends of hair rather than the root. Unilever's brand Clear has 21 different stock-keeping units (SKUs), meaning there are many variants on a worldwide scale (42 countries), including anti-dandruff and holistic care, for both men and women.
Clear will be available in Target Corp. (NYSE:TGT) and Wal-Mart Stores, Inc. (NYSE:WMT) locations as of May 20, 2012.
Unilever … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Dunkin Brands Deals With Coca-Cola

Posted: 04 Apr 2012 09:00 AM PDT

What better than to sip Coca-Cola while you relish your favorite doughnuts and ice creams? The recently-announced multi-year agreement of Dunkin’ Brands Group, Inc. (DNKN) with cola giant The Coca Cola Company (NYSE:KO) has just made that possible.
By virtue of the agreement, Dunkin’ Brands'subsidiaries, Dunkin’ Donuts and Baskin-Robbins, will be adding Coca-Cola soft drinks to their product line up. Coca-Cola's popular beverages such as Coca-Cola, Diet Coke, Coke Zero and Sprite will be … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stock Market News Briefs: Bunge Limited, IntercontinentalExchange

Posted: 04 Apr 2012 09:00 AM PDT

    Solazyme, Inc. (SZYM) announced a joint venture with Bunge Limited (NYSE:BG) and will build a plant in Brazil to produce renewable fuels for transportation

    Shares of Guidewire Software Inc (GWRE) declined 6.6% after the company filed a secondary offering of 7.5 million shares

    As U.S. watchdogs extended the review of Navidea Biopharmaceuticals Inc's (NAVB) lymphatic tracing agent, the company's shares plunged 10.6%

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

Pre Order Starts For EA’s MMORPG

Posted: 04 Apr 2012 09:00 AM PDT

Video game giant Electronic Arts Inc. (EA) and Funcom, a developer and publisher of online games, announced the commencement of the pre-order campaign of their upcoming massively multiplayer online role playing game (MMORPG), The Secret World. The game is set to release on June 19, 2012 exclusively on PC.  The Secret World takes gamers around the world, where they join hands with secret societies (Dragon, Templar, Illuminati) to fight against evil forces that include zombies, vampires, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

ADP Jobs Report Comes In-Line

Posted: 04 Apr 2012 09:00 AM PDT

All evidence pointing towards an improving economy should be good news for stocks. But, as we saw with the market's reaction on Tuesday to the minutes of the Fed's last meeting, favorable movement on the economy's front also means less support from the Fed going forward.
 
This morning's strong labor market reading from payroll processor Automatic Data Processing (NYSE:ADP) further confirms the economy's strengthening fundamentals. Whether investors perceive this as good news or bad … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Harris Wins Contract

Posted: 04 Apr 2012 09:00 AM PDT

Communication technology company Harris Corp. (NYSE:HRS) recently entered into a five-year agreement with U.S Marine Corps worth $49 million to supply Harris Unity land mobile radios (Unity XG-100P and Unity XG-100M), which will help the U.S Marine department in their Land Mobile Radio (LMR) program.
Unity radios which is a part of  RF Communication segment includes Tactical Radio Communications and Public Safety and Professional Communications is when incorporated within in handheld and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Monsanto Beats, Ups Guidance

Posted: 04 Apr 2012 09:00 AM PDT

Monsanto Company (MON) posted strong financial results in the second quarter of fiscal 2012 with an EPS from ongoing business of $2.28 ($2.24 on an as-reported basis), surging much above $1.87 recorded a year ago. The results exceeded the Zacks Consensus Estimate of $2.12.
The company generated revenues of $4,748 million, up from $4,131 million registered in the year-ago quarter. The revenue exceeded the Zacks Consensus Estimate of $4,608 million based on improved sales across segments … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Lowe’s Aims Growth

Posted: 04 Apr 2012 09:00 AM PDT

Acquisitions, operating efficiencies and technological advancements, all remains on the cards for Lowe's Companies Inc. (NYSE:LOW), which is trying all possible means to bring the company on the growth trajectory and generate higher sales, Reuters reported.
The future of home improvement companies are correlated to the health of the economy. Thus, it comes as no surprise that the companies operating in this sector are striving hard to add diverse revenue streams to hedge against economic … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Illumina’s Prelim Results Shine

Posted: 04 Apr 2012 09:00 AM PDT

Illumina Inc. (NASDAQ:ILMN) recently came out with its preliminary results for the first quarter of fiscal 2012. The company expects to report revenues of $270 million during the quarter, surpassing the Zacks Consensus Estimate of $263 million. However, on a year-over-year basis, projected revenues are down 4.4%.
The company also assumes the adjusted earnings per share for the quarter to be in line or above the street consensus estimate. The Zacks Consensus Estimate for the first quarter of 2012 is … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

New Plexus Unit In Romania

Posted: 04 Apr 2012 09:00 AM PDT

Plexus Corp (PLXS) recently announced its plan of replacing its existing leased facility in Oradea, Romania, by building a new factory. The manufacturing unit is expected to come up in the Eurobusiness Industrial Park and will span 280,000 square feet. The unit is surrounded by vacant land, which the company can use for future expansion.
Plexus expects to complete construction by 2013, which is expected to cost an additional $40.0 million. The increased capacity of the factory will also boost … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

BJ’s Spreads In California

Posted: 04 Apr 2012 09:00 AM PDT

Casual dining restaurant operator, BJ's Restaurants Inc. (NASDAQ:BJRI), recently announced the opening of a new unit in California. The new opening marks the second of the company's targeted 16 new openings for fiscal 2012.
The new restaurant has come up in Salinas, in northern California, where BJ's boasts a solid presence and tremendous customers' fondness. Thus, we believe the new unit will benefit immensely from its strategic location and likely drive higher sales. Moreover, an … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

CIT Reduces $500 Million Of Debt

Posted: 04 Apr 2012 09:00 AM PDT

On Tuesday, CIT Group Inc. (NYSE:CIT) announced that it will redeem an additional $500 million of its 7% Series C senior unsecured notes. These notes will mature in 2017 and would be redeemed at par as well as on a pro-rata basis.
CIT aims to complete the redemption on May 2, having already given the redemption notice to the trustees. The Series C notes were issued in December 2009 as a part of the company's reorganization.
Following the completion of this redemption, there will be about $6.7 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

WPPGY Acquires Barrows & EffectiveUI

Posted: 04 Apr 2012 09:00 AM PDT

 
Advertising titan, WPP Group Plc. (NASDAQ:WPPGY) recently concluded twin acquisitions; both aimed at expanding the company's reach in the fast growing markets of the world. The first acquisition involved a 35% stake in retail marketing solutions provider, Barrows.
The target company is well known for its services among blue chip companies in the fmcg sector. With a huge client base, having roughly 400 employees and a number of offices in Brazil, South Africa and the UK, Barrow's will open … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Myriad Study To Benefit Colaris

Posted: 04 Apr 2012 09:00 AM PDT

Myriad Genetics (NASDAQ:MYGN) recently made a presentation at a conference, which concluded that proper diagnostic test for Lynch syndrome, a hereditary form of colon cancer, should include the PMS2 gene.
This research finding should benefit the company's Colaris test, which identifies genetic mutations in the MLH1, MSH2, MSH6, and PMS2 genes and assesses a person’s risk of developing colorectal and endometrial cancer. A patient who tests positive with the Colaris test faces almost 82% chance of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bertucci Extends Ties With MICROS

Posted: 04 Apr 2012 09:00 AM PDT

Earlier this week, MICROS Systems, Inc. (NASDAQ:MCRS) announced that Bertucci's Italian Restaurant has extended its ties with MICROS. Bertucci has now integrated its webOrdering program and mymicros.net cloud-based platform across its 94 locations.
With the addition of webOrdering, the restaurant would benefit from a more advanced and exhaustive data management solution. This would now make a provision for online ordering for its customers without hindrances.
Furthermore, the mymicros.net platform … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Wall Street Slides On Fed Policy

Posted: 04 Apr 2012 08:20 AM PDT

04/04/12 US stocks slid lower, following European markets into negative territory. The ADP report came in line with estimates, but the latest FOMC minutes showed that policymakers were reluctant to introduce additional … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Impressive Sales Gains At Full-Service Restaurants

Posted: 04 Apr 2012 08:08 AM PDT

Sales at full service restaurants increased in January by 11% compared to a year-ago, following a 12.5% gain in December according to the Census Bureau (see chart above, data here). The increasing willingness on behalf of consumers to open up their wallets to spend money at sit-down restaurants suggests that Americans are becoming more confident about the economy, the job market and their future prospects.  … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Euro Loses Ground Vs Dollar

Posted: 04 Apr 2012 07:00 AM PDT

04/04/12 The euro fell against the dollar and yen on Wednesday after a weak Spanish auction raised concerns over the outlook for the euro … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Euro Loses Ground Vs Dollar

Posted: 04 Apr 2012 07:00 AM PDT

04/04/12 The euro fell against the dollar and yen on Wednesday after a weak Spanish auction raised concerns over the outlook for the euro … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

US Futures Fall As Hopes Of Further Stimulus Fade

Posted: 04 Apr 2012 01:00 AM PDT

04/04/12 US stock futures fell on Wednesday after minutes of the Federal Reserve’s March meeting showed policymakers were less likely to provide more economic … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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