Monday, April 2, 2012

DailyMarkets.com - Terrafugia’s Flying Car Visits NYC

DailyMarkets.com - Terrafugia’s Flying Car Visits NYC

Terrafugia’s Flying Car Visits NYC

Posted: 02 Apr 2012 03:58 PM PDT

04/02/12 Terrafugia’s Transition flying car completed its successful test flight in upstate New York. The production prototype has landed in Manhattan and will be on display at the New York Auto … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

AEP Plans To File For Rate Hike

Posted: 02 Apr 2012 03:55 PM PDT

American Electric Power Co. (NYSE:AEP) has decided to file a new rate plan with Public Utilities Commission of Ohio (PUCO) regulators. The new rate plan proposes new rates that would be effective from June 1, 2012 through May 31, 2015.
In the plan, the company proposes an increase in rates for residential, commercial and industrial customers in Central Ohio. On average, this would translate into a single-digit percentage increase in rates.
Per the proposal, average residential customers in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Accenture Software To Malaysia

Posted: 02 Apr 2012 03:45 PM PDT

Accenture plc (NYSE:ACN) stated that its CAS Software platform will be deployed by Malaysia-based beer company Guinness Anchor Berhad ("GAB"). Financial terms of the deal were not disclosed.
Per the deal terms, Accenture's CAS Software platform will become an integral part of GAB's information technology system, shortening the time to market its goods. The platform will replace all existing sales systems currently used by GAB.
Accenture CAS is the leading integrated sales platform … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

US Fed Good Cop, Bad Cop Routine Is Boring

Posted: 02 Apr 2012 03:39 PM PDT

When the market is up Fisher speaks on how there is no need for more QE, Twist etc, when the market is down Evans speaks on how the Fed will save the economy.

The market is up, so its Fisher turn to throw some cold water on Fed expectations:

Oh so boring, its like having a good and bad drug … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Neutral On Geron Corp.

Posted: 02 Apr 2012 03:30 PM PDT

We recently reiterated our Neutral recommendation on biopharmaceutical company, Geron Corporation (NASDAQ:GERN), which carries a Zacks #3 Rank (short-term Hold rating).
Geron focuses on the development of first-in-class therapeutic products for the treatment of cancer. The company currently has two candidates in its pipeline: imetelstat (GRN163L) and GRN1005. Imetelstat is currently in four phase II studies: non-small cell lung cancer, essential thrombocythemia, multiple myeloma, and breast … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

ANADIGICS Sways Galaxy Note

Posted: 02 Apr 2012 03:25 PM PDT

Last week, ANADIGICS, Inc. (NASDAQ:ANAD) announced that it has started shipping its power amplifiers (PAs) to Samsung Electronics. These amplifiers support Samsung Galaxy Note with its High-Efficiency-at-Low-Power (HELP4) and HELP3E amplifiers. These will replace the Galaxy Note 19228 (TD-SCDMA) and Galaxy Note 1889 (CDMA) in the Chinese market, whereas the Galaxy Note SHV-E160L would be out of date in the Korean market.
The power amplifiers supplied by the company are to enhance the battery … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

FOMC Minutes, US Auto Sales In Focus

Posted: 02 Apr 2012 03:20 PM PDT

04/02/12 Tuesday will bring central banks to the forefront with the RBA rate decision and FOMC minutes. US motor vehicle sales data from the major automakers will be watched … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Williams Prices Public Offering

Posted: 02 Apr 2012 03:10 PM PDT

North American energy firm Williams Companies Inc. (NYSE:WMB) has priced a public offering of 26,000,000 shares at $30.59 apiece, with an over-allotment option for an additional 3,900,000 units.
The company plans to use the net proceeds from this offering – which is expected to close on April 4, 2012 – to buy additional common units of Williams' 72%-owned master limited partnership Williams Partners L.P. (NYSE:WPZ), associated with the financing of the latter's proposed acquisition of Caiman … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Positive Data On Lilly Psoriasis Drug

Posted: 02 Apr 2012 02:55 PM PDT

The New England Journal of Medicine recently published new phase II data on Eli Lilly and Company's (NYSE:LLY) psoriasis candidate, ixekizumab (formerly known as LY2439821).
Results from the study, conducted with 142 patients suffering from moderate-to-severe plaque psoriasis, showed that ixekizumab achieved its primary endpoint. Data showed that a significantly higher number of patients in the ixekizumab arm achieved an improvement of at least 75% in Psoriasis Area and Severity Index (PASI) … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

TEG Unit Files For A Rate Increase

Posted: 02 Apr 2012 02:50 PM PDT

Integrys Energy Group, Inc.'s (NYSE:TEG) subsidiary Wisconsin Public Service has filed for an electric and natural gas rate increase with the Public Service Commission of Wisconsin. The new rates will be effective from 2013.
The rate hike is intended to manage increased expenses like fuel costs for electricity generation, electricity transmission charges, impact of general inflation, general maintenance expenses, pipeline-integration maintenance expenses and manufactured gas plant cleaning … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Titanium Metals Retained At Neutral

Posted: 02 Apr 2012 02:50 PM PDT

We maintain our Neutral recommendation on Titanium Metals Corporation (NYSE:TIE). Its fourth-quarter 2011 earnings of 16 cents a share matched the Zacks Consensus Estimate. Revenues increased at a double-digit clip to $258.7 million, but missed the Zacks Consensus Estimate.
Sales were boosted by higher volumes across melted and mill products, led by improved demand for titanium products in the commercial aerospace sector. The company expects this trend to continue in 2012.
Titanium Metals … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Navistar Unveils Loadstar

Posted: 02 Apr 2012 02:40 PM PDT

Navistar International Corporation (NYSE:NAV) has launched International LoadStar truck, the industry’s first stainless steel cab-over design at a trucking show in Louisville, Kentucky. The new work truck will be assembled at a plant in northwest Alabama. Navistar will start taking orders in October and production is slated to start in early 2013.
The truck will mainly cater to the clients in the waste industry, concrete pumping and airplane refueling markets, as well as other users. Navistar … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Visa Shuns GPN For Breach Of Data

Posted: 02 Apr 2012 02:40 PM PDT

Visa Inc. (NYSE:V) has dropped Global Payments Inc. (NYSE:GPN) from its list of service providers after detecting a cyber intrusion in the latter's system that likely threatens about 1.5 million customer accounts. This was the second breach of card data by in a year.
Atlanta-based Global Payments aids both Visa and MasterCard Inc. (NYSE:MA) in processing credit card transactions for merchants. Card giants such as Visa, MasterCard, American Express Co. (NYSE:AXP) and Discover Financial Services (NYSE:DFS) … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Apache Poised At Neutral

Posted: 02 Apr 2012 02:40 PM PDT

We are maintaining our long-term Neutral recommendation on Apache Corporation (NYSE:APA), reflecting its large geographically diversified reserve base, successful drilling works and strong production growth outlook, partially offset by unstable gas/oil prices and international business risks.
Houston, Texas-based Apache is a leading independent energy company engaged in the exploration, development and production of natural gas, crude oil and natural gas liquids. As of year-end 2011, Apache had a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Balanced View Of ConAgra

Posted: 02 Apr 2012 02:15 PM PDT

We are upholding our Neutral view on ConAgra Foods Inc. (NYSE:CAG) based on its reasonable pricing, smart marketing technique and cost-saving initiatives that have been delivering tremendous value to its consumers and shareholders for the last few quarters. But we are concerned about weakening demand within a competitive environment backed by fuel inflation, consumer budget constraint as well as competition from private labels.
Recently, food makers are in a bind with soaring raw material prices … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Personal 3-D Home Printers For $1,300

Posted: 02 Apr 2012 02:14 PM PDT

“Direct digital manufacturing” at home…..

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

Symantec Solutions In Demand

Posted: 02 Apr 2012 02:05 PM PDT

California-based global leader in security solutions, Symantec Corp. (NASDAQ:SYMC) announced that its Protection Suite (Enterprise Edition) and Backup Exec are being used by Premiere Global Sports Inc. The deal must have been signed some time back and hence no financial details pertaining to it are available.
Premiere Global Sports is a provider of travel, hospitality, and marketing products and services. The company also arranges for sports tickets. Being a 75-man show, Premiere Global is … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Investor Home Buying Increases, Could This Be The Answer To The Real Estate Mess And Falling Prices?

Posted: 02 Apr 2012 02:03 PM PDT

1. NY Times — “With home prices down more than a third from their peak and the market swamped with foreclosures, large investors are salivating at the opportunity to buy perhaps thousands of homes at deep discounts and fill them with tenants. 

Investors believe the rental income can deliver returns well above those offered by Treasury securities or stock dividends. At the same time, economists say, they could help areas hardest hit by the housing crash reach a bottom of the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Groupon Sinks Near 17% On Accounting Blunder

Posted: 02 Apr 2012 09:00 AM PDT

04/02/12 Groupon Inc. tumbled Monday as investors digested the company’s news Friday when it restated fourth-quarter earnings to show a bigger loss while disclosing that auditors found weakness in the company’s internal … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Unisys Downgraded To Neutral

Posted: 02 Apr 2012 01:50 PM PDT

We recently downgraded our recommendation on Unisys Corporation (NYSE:UIS) to Neutral from Outperform. 
Over the last few years, Unisys has been restructuring its business to improve profitability. This restructuring strategy includes slashing jobs to reduce costs, selling non-core businesses and revamping its sales strategy.
Additionally, Unisys aims to grow its IT sourcing and systems integration revenue in order to adjust the loss of the Transportation Security Administration (TSA) … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Another Distribution Center For CAT

Posted: 02 Apr 2012 01:50 PM PDT

In a bid to expand its Cat parts distribution network, Caterpillar Inc. (NYSE:CAT) announced that its wholly owned subsidiary, Caterpillar Logistics Inc., is building a new 500,000-square foot parts distribution center in San Luis Potosi, Mexico. The new distribution center is expected to be operational by mid-2013.
San Luis Potosi has been chosen for the distribution center given its proximity to major airports, railways and also due to easy accessibility with major cities in Mexico.  The … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Huntington Acquires Fidelity Bank

Posted: 02 Apr 2012 01:50 PM PDT

In an effort to expand its footprint in Southeast Michigan, Huntington Bancshares Incorporated (NASDAQ:HBAN) has acquired Fidelity Bank in a Federal Deposit Insurance Corporation (FDIC) assisted deal.
What's the Deal?
As part of the transaction, Huntington acquired the 15-branch bank from the FDIC. Fidelity Bank had around $0.8 billion in assets and $0.7 billion of deposits as of March 9, 2012. Besides assuming all of the deposits of Fidelity Bank, Huntington in fact agreed to buy all of the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Oil Rig Count Highest Since 1987

Posted: 02 Apr 2012 01:50 PM PDT

In its weekly release, Houston-based oilfield services company Baker Hughes Inc. (BHI) reported a rise in the U.S. rig count (number of rigs searching for oil and gas in the country). This can be attributed to an increase in the tally of both oil and natural gas-directed rigs. In particular, the natural gas rig count climbed for the first time after 11 consecutive weeks of decline, while the oil rig count scaled another record high.
The Baker Hughes rig count, issued since 1944, acts as an … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

An Altogether Different Reality

Posted: 02 Apr 2012 01:44 PM PDT

A post at CNNMoney’s Term Sheet blog, “Why Dollar Stores Are Thriving, Even Post-Recession,” maintains that there is more to the recent success of the U.S. dollar store industry — including the big three, Dollar General (DG) , Dollar Tree (DLTR), and Family Dollar (FDO) — than meeting the needs of cash-strapped consumers.
The optimists better hope that is correct. Because if it isn’t, history suggests the continued strength in the group is a sign that Americans are becoming more economically … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Turning America Into A Giant Casino

Posted: 02 Apr 2012 01:39 PM PDT

Anyone who says you can get rich through gambling is a fool or a knave. Multiply the size of the prize by your chance of winning it and you'll always get a number far lower than what you put into the pot. The only sure winners are the organizers – casino owners, state lotteries, and con artists of all kinds.
Organized gambling is a scam. And it particularly preys upon people with lower incomes – who assume they can't make it big any other way, who often find it hardest to assess the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Why Graphite Stocks May Continue To Outperform In 2012

Posted: 02 Apr 2012 01:30 PM PDT

Golly, Toto! Graphite Isn't Just Found In Pencils Anymore
Carbon wears many faces.  It ranges in form from precious diamonds such as Elizabeth Taylor's Hope Diamond to electrolytic anodes found in the new generation of batteries.  The word graphite originates from the Greek meaning to write.
Now we see that graphite isn't just found in pencils anymore.  Graphite is rapidly earning a new recognition as a component in the latest clean energy technologies such as the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Strong Second Quarter Start For Stocks

Posted: 02 Apr 2012 08:30 AM PDT

04/02/12 A positive report on US manufacturing overshadowed concern about weaker global growth and sent stocks soaring … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Michigan Bank Fails, Tally Hits 16

Posted: 02 Apr 2012 01:25 PM PDT

Last Friday, the Michigan Office of Financial and Insurance Regulation shuttered Dearborn-based Fidelity Bank, taking the number of failed U.S. banks thus far in 2012 to 16. This follows 92 bank failures in 2011, 157 in 2010, 140 in 2009 and 25 in 2008.
While the financials of a few large banks continue to stabilize on the back of an economic recovery, the industry is still on shaky ground. The sector presents a picture similar to that of 2011, with nagging issues like depressed home prices … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Airgas Buys Nordan Smith

Posted: 02 Apr 2012 01:05 PM PDT

Airgas Inc. (NYSE:ARG) announced the purchase of Industrial Welding Supplies of Hattiesburg, LLC, a Mississippi-based distributor of industrial, medical and specialty gases and related supplies. Notably, Industrial Welding Supplies operates under the brand name Nordan Smith.
Airgas bought the business with operations spread over 17 locations all through Mississippi, Arkansas and Alabama. The combined operations produce over $30 million in annual revenue.
The acquired locations will be merged into … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Interactive Downgraded To Neutral

Posted: 02 Apr 2012 12:55 PM PDT

We have downgraded our long-term recommendation on Interactive Brokers Group Inc. (NASDAQ:IBKR) to Neutral from Outperform based on colossally increasing expenses. Despite the decent performance by the company in the fourth quarter, we remain apprehensive about the steady generation of adequate returns by its Market Making segment to subsidize dividend payment.
However, Interactive's healthy liquidity position, sturdy capital base and technological excellence continue to be the positive … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Coca-Cola Expands In China

Posted: 02 Apr 2012 12:40 PM PDT

The Coca-Cola Co. (NYSE:KO) recently announced the opening of its 42nd bottling plant of Coca-Cola in China. The bottling plant will be located at Liaoning and will be the largest production facility of Coca-Cola in China.
Coca-Cola has invested approximately $160 million (RMB 1 billion) in the Liaoning plant, as part of the company's $4 billion investment plan in China over the next three years, as announced earlier in August 2011, for the long-term sustainable growth in China. Currently, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

ABB Wins Marine Contract

Posted: 02 Apr 2012 12:35 PM PDT

ABB Ltd. (NYSE:ABB) has bagged a contract from a Germany based cruise operator, TUI Cruises,  for providing complete power plant and propulsion systems. The systems ordered for a new ship, which is being built by the cruise in Finland at the STX Europe yard in Turku.
German tourism company, TUI AG and Royal Caribbean International, have jointly formed TUI Cruises. By increasing its passenger capacity, TUI Cruises will be able to better serve the growing German sea vacation market. ABB has … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

ISM Report: Manufacturing Comeback Continues; Real GDP Growth In Q1 2012 Could Be 3.6 To 3.7%

Posted: 02 Apr 2012 12:24 PM PDT

From today’s ISM report on U.S. manufacturing, which came in above consensus expectations:

“Economic activity in the manufacturing sector expanded in March for the 32nd consecutive month, and the overall economy grew for the 34th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM Report On Business.

Manufacturing continued its growth in March as the PMI registered 53.4 percent, an increase of 1 percentage point when compared to February’s reading of 52.4 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Heinz Retains The Neutral Tag

Posted: 02 Apr 2012 12:20 PM PDT

We maintain a Neutral recommendation on H. J. Heinz Company (NYSE:HNZ) following our evaluation of the company's fiscal third quarter 2012 results.
Heinz's third-quarter fiscal 2012 adjusted earnings came in at 95 cents per share, beating the Zacks Consensus Estimate of 85 cents and the year-ago figure of 84 cents. The impressive results were driven by higher operating income, lower share count and a lower tax rate. Revenues were up 7.2% to $2.92 billion in the third quarter led by strong … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Kilroy Realty Leases In Los Angeles

Posted: 02 Apr 2012 12:15 PM PDT

Kilroy Realty Corporation (KRC) recently announced that it has signed two lease agreements for a total of 77,080 square feet of space in West Los Angeles. The recent agreements enhance  the company's total portfolio in Los Angeles to  688,000 square feet, of which 98% is leased.
Kilroy Realty signed a 38,881 square feet, full-floor lease with Red Bull for a term of 4.3 years at its 378,000 square foot Westside Media Center campus in Los Angeles. This makes the project 99% leased. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For Stock Trading On Tuesday, April 3, 2012

Posted: 02 Apr 2012 05:03 AM PDT

By ForexMansion.com

The Trend Trader for the Dow 30 Stocks
For Trading On Tuesday, April 3, 2012

In alphabetical order by symbol

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AA – Alcoa Inc
10.17
+ 1.50
10.04
10.03

Bullish

AXP – American Express Company
58.01
+ 0.26
57.90
58.12

Neutral

BA – Boeing Co
75.17
+ 1.08
74.22
74.20

Bullish

BAC – Bank of America Corporation
9.68
+ 1.15
9.56
9.65

Bullish

CAT – Caterpillar Inc
107.25
+ … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For ETF Trading On Tuesday, April 3, 2012

Posted: 02 Apr 2012 05:03 AM PDT

By ForexMansion.com

The Trend Trader for ETFs
For Trading On Tuesday, April 3, 2012

The top 40 ETFs by net assets
In alphabetical order by symbol

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AGG – iShares Lehman Aggregate Bd Fd
109.62
− 0.21
109.84
109.80

Bearish

BND – Vanguard Total Bond Market ETF
83.00
− 0.34
83.26
83.27

Bearish

DBC – DB Commodity Index Tracking Fd
29.17
+ 1.28
28.78
28.84

Bullish

DIA – SPDR DJ Industrial Average … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For Futures Trading On Tuesday, April 3, 2012

Posted: 02 Apr 2012 05:03 AM PDT

By ForexMansion.com

The Trend Trader for Futures
For Trading On Tuesday, April 3, 2012

INDICES

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

S&P 500 – Jun ESM2
1412.50
+ 0.66
1402.56
1403.08

Bullish

Dow Jones – Jun YMM2
13189
+ 0.36
13111
13117

Bullish

Nasdaq – Jun NQM2
2777.00
+ 0.95
2759.67
2756.67

Bullish

Russell – Jun TFM2
837.70
+ 1.21
830.09
832.43

Bullish

INTEREST RATES

US T-Bond – Jun ZBM2
138-00
+ … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For Forex Trading On Tuesday, April 3, 2012

Posted: 02 Apr 2012 05:03 AM PDT

By ForexMansion.com

The Trend Trader for Forex
For Trading On Tuesday, April 3, 2012

THE BIG SIX

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AUDUSD – Aust Dollar / US Dollar
1.0417
+ 0.61
1.0383
1.0405

Bullish

EURUSD – Euro / US Dollar
1.3318
− 0.19
1.3321
1.3307

Neutral

GBPUSD – British Pound / US Dollar
1.6022
+ 0.09
1.5981
1.5949

Bullish

USDCAD – US Dollar / Canadian Dollar
0.9905
− 0.65
0.9961
0.9963

Bearish

USDCHF – US Dollar / … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stocks Watchlist For Tuesday, April 03

Posted: 02 Apr 2012 02:16 AM PDT

 ( click to enlarge )

Textron Inc. (TXT) stock broke out of the ascending triangle, closing higher with decent volume. MACD seems to confirm the break out. If by Tuesday this stock gaps up, you can wait for the return move to get in.

  ( click to enlarge )

Crocs, Inc. (NASDAQ:CROX) faces resistance at the 21.6-22 range. A close above the 200-day SMA would impart positive momentum. I will watch the stock closely the next few days, watching for this move to occur. CROX will move … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

3 Trends To Watch For Global Investors

Posted: 01 Apr 2012 10:00 PM PDT

Bloomberg announced over the weekend that China's manufacturing grew at the fastest pace in a year. We follow the government's Purchasing Managers' Index (PMI) closely, as we believe it is a better indicator of China's domestic demand than the HSBC PMI. Whereas HSBC PMI surveys 400 small and mid-sized companies, which are typically export-oriented, the government's PMI surveys 820 mostly large, state-owned enterprises across 20 industries.
Though manufacturing activity exceeded … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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