Monday, April 9, 2012

DailyMarkets.com - VRSEF: Aura Data Published. Operations On-Track.

DailyMarkets.com - VRSEF: Aura Data Published. Operations On-Track.

VRSEF: Aura Data Published. Operations On-Track.

Posted: 09 Apr 2012 08:00 AM PDT

VRSEF: Aura Data Published. Operations On-Track.     

Brian Marckx, CFA  

Aura Study Results Published

Comprehensive analysis of the 1,000-lesion study were accepted for publication by Cancer Research, a peer-reviewd journal of the American Association of Cancer Research and the most widely cited cancer journal in the world.  The manuscript, titled “Real-time Raman Spectroscopy for In Vivo Skin Cancer Diagnosis”, was first published in the online version of the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Nordstrom Comps Shine In March

Posted: 09 Apr 2012 07:50 AM PDT

One of the leading fashion specialty retailers in the United States, Nordstrom Inc. (NYSE:JWN), once again reported robust sales and comparable store sales (comps) growth for the five-week period ended March 31, 2012.
Nordstrom's comparable store sales grew 8.6% for the month compared with the five-week period ended April 2, 2011. During the reported period, comparable store sales of Nordstrom's business segments – Nordstrom full-line and Nordstrom Rack – increased 9.3% and 7.3%, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Tanger Factory Hikes Annual Dividend

Posted: 09 Apr 2012 07:35 AM PDT

Tanger Factory Outlet Centers, Inc. (SKT) recently announced a 5.0% hike in its annual dividend from 80 cents per share to 84 cents per share. Simultaneously, the company's board of directors declared a quarterly dividend of 21 cents per share for the first quarter ended March 31, 2012. The new dividend is payable on May 15, 2012 to shareholders of record as of April 30, 2012.
At the end of fourth quarter 2011, Tanger Factory's cash balance stood at $7.8 million.  The increase in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Advisory Firms Back Illumina’s View

Posted: 09 Apr 2012 07:20 AM PDT

In a recent turn of events relating to the never-ending dispute between Illumina (NASDAQ:ILMN) and Roche Holdings (RHHBY), Institutional Shareholder Services (ISS) and proxy advisor firm, Egan-Jones Ratings Company supported Illumina's rejection of Roche's second takeover bid.
The tussle between the two dates back to January 23, 2012, when Roche offered $44.50 per share (aggregate value $5.7 billion) in cash to acquire Illumina. This offer was at a premium to the then prevailing share price … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Costco Sales Rise

Posted: 09 Apr 2012 07:05 AM PDT

Costco Wholesale Corporation (NASDAQ:COST), one of the leading U.S. warehouse club operators, recently posted sales data for the five-week period ended April 1, 2012. Sales climbed on the back of higher gasoline prices but fell short of analysts' expectations as unfavorable foreign currencies fluctuation remained a drag.
The company sustains its sales momentum as it moves further into 2012. After an 8% increase in February, Costco's comparable-store sales for the month of March climbed 6%, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

FedEx Expanding In Europe

Posted: 09 Apr 2012 06:50 AM PDT

In a move to expand in Europe, FedEx Corporation (NYSE:FDX) will acquire Polish courier company Opek Sp.z o.o (Opek). The financial terms of the deal were not disclosed.
The acquisition, pending regulatory approvals, is expected to close in summer. The purchase of Opek will increase FedEx Express', the unit of FedEx, access to nationwide domestic ground network. Post-acquisition, the annual revenue and shipments of FedEx Express is expected to be $70 million and 12.5 million, respectively.
The … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Chicago Fed: Midwest Manufacturing Is Booming

Posted: 09 Apr 2012 06:42 AM PDT

The ChicagoFederal Reserve reported today that its Midwest Manufacturing Index increased 1.0% in February, to a three and-a-half year high of 90.1 (2007 = 100), following a revised 2.1% monthly gain in January. Here are some highlights of manufacturing activity in the 7th Federal Reserve district covering Illinois, Indiana, Iowa, Michigan, and Wisconsin:

1. Manufacturing output in the Midwest region rose 10.1% from a year earlier in February, almost twice the 4.7% increase in national … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Japanese Yen, US Dollar Gain As Markets Digest NFPs, Chinese CPI

Posted: 09 Apr 2012 06:42 AM PDT

Fundamental Headlines
- Job Growth below Estimates Shapes Election-Year Sparring – Bloomberg
- Jobs Pose Challenge S&P 500 has Overcome Nine Times – Bloomberg
- Iran Rules Out Conditions to Talk – Reuters
- China Inflation Exceeds Forecast – WSJ
- Path for Romney Getting Clearer – WSJ
European Session Summary
Risk-aversion was mildly evident in the Asian and European sessions providing follow-through from Friday's price action after the disappointing U.S. jobs report. The lack … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stock Market News Briefs: Allos Therapeutics, Bed Bath & Beyond, Polycom, Spectrum Pharmaceuticals, TJX Companies

Posted: 09 Apr 2012 06:35 AM PDT

    Bed Bath & Beyond Inc. (NASDAQ:BBBY) jumped 8.5% after reporting fourth-quarter 2011 earnings of $1.48 per share, surpassing the Zacks Consensus Estimate of $1.33 per share

    Polycom, Inc. (NASDAQ:PLCM) said revenues for the first quarter will come in between $364 million and $370 million. It also estimated earnings per share (EPS) will range from $0.07 to $0.09, which is sharply lower than the previous year's EPS of $0.19

    A 10% increase in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Delta May Acquire Oil Refinery

Posted: 09 Apr 2012 06:35 AM PDT

The second largest U.S. airline, Delta Air Lines (NYSE:DAL) is considering to buy an oil refinery in Pennsylvania. The company is expected to bid up to $150 million to acquire ConocoPhillips' (NYSE:COP) Traineroil refinery. 
Given the continued rise in fuel prices, Delta Air Lines expects this strategy to lower its fuel cost burden to a large extent. However, many oil refineries in the U.S. are struggling to generate profitable business given rising crude prices that weighed over their … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

European Debt Woes, Renews Life For Long-Term Bond Bulls

Posted: 09 Apr 2012 06:22 AM PDT

Monday, April 9, 2012
Bearish Bond traders may perhaps wish to consider using the recent rally in prices to explore buying out-of-the-money puts in Bond futures options in the anticipation that support at 135-00 will not hold. For example, with June Bonds trading at 138-08 as of this writing, the June 135 puts could be bought for 1-06, or $1,093.75 per option, not including commissions. The total investment in the option would be the maximum potential risk on the trade. At expiration in late … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Roche-Illumina Saga Continues

Posted: 09 Apr 2012 06:20 AM PDT

RocheHoldings Ltd. (RHHBY) recently expressed its disappointment at the Institutional Shareholder Services' (ISS) recommendation that Illumina Inc.'s (NASDAQ:ILMN) shareholders should not elect Roche's independent director nominees to Illumina's Board of Directors.
However, Roche said that it is pleased that ISS noted that Roche would make an excellent partner for Illumina, as the sequencing industry becomes more intertwined with the development of new drugs.
We note that last week Roche … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Jobs & The Market: Weather Or Not?

Posted: 09 Apr 2012 06:11 AM PDT

Stocks will be struggling with a key question in today's trading action – was Friday's jobs miss a weather-related payback or a recurrence of a fundamental weakness along the lines what we encountered around this time in 2011 and 2010? I would say it's all weather, with the boost from the warm winter months getting reversed in March, but the overall positive trend line remaining in place. That said, the market's first reaction to the sub-par payroll reading will most likely be … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Target’s Sales Rise, Guides Higher

Posted: 09 Apr 2012 06:05 AM PDT

Easter holiday and a favorable weather well guided Target Corporation (NYSE:TGT) to post strong sales results for the five-week period ended March 31, 2012.
Target, the operator of general merchandise and food discount stores in the United States, registered an increase of 7.3% in comparable store sales for March 2012, in contrary to a 5.5% decline in the prior-year period. In terms of performance, target exceeded its peer, Costco Wholesale Corporation (NASDAQ:COST), which witnessed an increase of 6% … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

SABESP’s 2012-2015 Investment Plan

Posted: 09 Apr 2012 05:50 AM PDT

Over time, Saneamento Basico do Estado de São Paulo or SABESP (NYSE:SBS) has been retaining its position as one of the largest water and sewage service providers in the world.

The Brazilian company recently came out with its investment plan for the period 2012-2015. SABESP intends to invest a large sum of R$7.9 billion, with every penny to be spent  for the achievement of its goals. The company aims at increasing its water supply coverage, implementing a 3% hike in sewage collection to 85% … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

March Comps Surge At Gap

Posted: 09 Apr 2012 05:35 AM PDT

Gap Inc. (NYSE:GPS) registered an increase of 8% in same-store sales for the five-week period ended March 31, 2012. The company had recorded a decline of 10% in the prior-year comparable period.
Net sales in March increased 10% to $1.46 billion compared with net sales of $1.33 billion in the prior-year period. The year-over-year growth was primarily driven by solid same-store sales performances across its segments as well as a good customer response.
Same-store sales at Banana Republic North … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Sluggish March Comps For Bon-Ton

Posted: 09 Apr 2012 05:25 AM PDT

Bon-Ton Stores Inc. (NASDAQ:BONT) reported a 0.1% dip in same-store sales for the four-week period ended March 31, 2012. However, this compared favorably with a 6.1% plunge in the year-ago period. Though, on a year-to-date basis, same-store sales fell 0.3% in March this year.
Total sales also slipped 0.1% to $254.1 million during the four-week period ended March 31, 2012 from $254.5 million in the comparable period ended March, 2011. However, on a year-to-date basis, total sales inched up 0.3% to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

$4.35/gallon

Posted: 09 Apr 2012 04:53 AM PDT

"Do you feel it?"
"Feel what, LD?"
The hand inside your wallet cleaning you out as you go to fill your tank. I felt it yesterday afternoon when I filled the tank and saw the price for regular gas at $4.35/gallon.
Pissed off? You bet I am. I personally think it is likely to get worse as we approach the summer months. What is driving the price of fuel?
Is our domestic economy so strong as to drive this spike in the price of fuel? Real personal consumption expenditures, the primary focal … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Oil Sold On US Jobs Disappointment, Gold Watching For QE3 Clues

Posted: 09 Apr 2012 01:45 AM PDT

Talking Points

Crude Oil, Copper Aiming Lower as Risk Aversion Follows US Jobs Data
Gold and Silver Look to US Dollar, QE3 Outlook for Direction Guidance

Commodity prices reflect the aftermath of to Friday's disappointing US employment report that showed the world's top economy added just 120,000 jobs in March, falling short of the 205,000 increase expected. Growth-sensitive crude oil and copper prices are on the defensive while gold and silver are trading higher amid hopes that a stumble … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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