DailyMarkets.com - Cepheid Back To Neutral

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• Cepheid Back To Neutral
• NVIDIA Beats On EPS, Revs Dip
• CA Surpasses Estimates In 4Q
• Priceline Reports Solid Q1
• Good News For Gilead
• Looking To China To Fire Up Its Economy
• Aimco Updates Fiscal Guidance
• Enbridge Plans $1B Plus Investment
• Shell, Chevron In Ukraine Tie-Up
• Chesapeake Defers Divestment Plans
• Penn Virginia Prices Senior Notes
• Cliffs’ Project In Feasibility Ph.
• JPM Ratings Sank On Trading Loss
• Caterpillar Kept At Neutral
• Glaxo’s Acne Drug Gets U.S. Nod
• Student Debt Bubble: Impending Doom For Colleges
• Franklin Upped To Outperform
• Mechel Posts Strong Growth In FY11
• AGCO Corp. Retained At Outperform
• VRS.V
• Peet’s Remains At Neutral
• Wall Street Slides On Greece Uncertainty
• Alliance Of Mellanox And Eucalyptus
• Job Market Improves For The College Class Of 2012
• ILIU
• Q1 IN-LINE / PST STUDY PROGRESS
• 35% Revenue Growth In Q1
• Plum Creek Declares Dividend
• Oil Drops Another 2%
• Chameleon Nation And Victimization: We Might Soon Run Out Of Concession-Granting Oppressors
• Euro Slides, Hits Near 5-month Low Vs Dollar
• Greek Deadlock Causes Global Equity Slide
• Prepare For Volatility

Cepheid Back To Neutral Posted: 14 May 2012 11:49 AM PDT Cepheid (NASDAQ:CPHD) reported robust growth in revenues in the first quarter of fiscal 2012, which were in line with the Zacks Consensus Estimate. However, the company reported adjusted loss per share of 10 cents, much wider than the Zacks Consensus Estimate of a loss of 2 cents and worse than adjusted earnings of 2 cents per share in the corresponding year-ago period. Cepheid's bottom line was adversely affected by escalating costs due to a scaling up of manufacturing operations (in Sweden and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

NVIDIA Beats On EPS, Revs Dip Posted: 14 May 2012 11:39 AM PDT NVIDIA Corp. (NASDAQ:NVDA) reported first quarter 2013 adjusted earnings per share of 11 cents, surpassing the Zacks Consensus Estimate of 10 cents.  Revenues The company reported total revenue of $924.9 million in the quarter, down 3.9% from $962.0 million in the year-ago quarter. The company reported recent first quarter revenue with the company's notebook GPUs top to bottom with the launch of the GeForce 600M series. The efficiency of GeForce 600M notebook GPUs helped the production of new … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

CA Surpasses Estimates In 4Q Posted: 14 May 2012 11:39 AM PDT CA Inc. (NASDAQ:CA) reported fourth quarter 2012 adjusted earnings per share (EPS) of 52 cents, surpassing the Zacks Consensus Estimate of 49 cents. Revenue Total revenue in the reported quarter came in at $1.2 billion, up 5.3% from $1.1 billion in the year-ago quarter. The company witnessed improvement in demand for its services and learning, virtualization and service automation, security and mainframe solutions, offset to a considerable extent by the softness in mainframe capacity and service … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Priceline Reports Solid Q1 Posted: 14 May 2012 11:39 AM PDT Priceline.com Inc (NASDAQ:PCLN) had a solid first quarter, beating the Zacks Consensus by 35 cents due to strong revenue growth, especially in international, coming from both volume and rate increases. The lower tax rate was positive, while higher interest expenses were an offsetting factor. Revenue Priceline reported revenue of $1.04 billion in the quarter, representing a sequential increase of 4.7% and a year-over-year increase of 28.2%. This was better than management's guidance of $947 million … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Good News For Gilead Posted: 14 May 2012 11:39 AM PDT Gilead Sciences (NASDAQ:GILD) received some encouraging news recently when an advisory panel of the U.S. Food and Drug Administration (FDA) recommended the approval of the company's HIV combination pill Quad. A final decision from the FDA regarding the matter is expected by August 27, 2012 (target date). We note that the Quad pill is a combination of elvitegravir, cobicistat and Truvada. Gilead is looking to get the pill (once daily) approved as a first-line therapy for treating adults infected … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Looking To China To Fire Up Its Economy Posted: 14 May 2012 11:38 AM PDT Following on the heels of renewed concern over Europe's debt situation, China released its monthly economic data. Fixed asset investment, industrial production and retail sales all rose in April, yet growth was not as strong as analysts anticipated. "Weak" is the word to describe China's April figures, says CLSA's Andy Rothman in his Sinology Report. While data were lower than expected, they weren't disastrous, says Andy. According to CEBM Group, slower growth was the government's … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Aimco Updates Fiscal Guidance Posted: 14 May 2012 11:14 AM PDT In concurrence with the recently announced secondary offering of 11 million shares, Apartment Investment and Management Company (NYSE:AIV), or Aimco, as the real estate investment trust (REIT) is popularly known, has just updated its fiscal as well as its second quarter 2012 funds from operations (FFO) guidance. Funds from operations, a widely used metric to gauge the performance of REITs, are obtained after adding depreciation and amortization and other non-cash expenses to net income. Earlier, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Enbridge Plans $1B Plus Investment Posted: 14 May 2012 10:59 AM PDT Enbridge Inc. (NYSE:ENB) − the general partner of Enbridge Energy Partners L.P. (NYSE:EEP) − aims to expend $1.3 billion on its Line 6B in response to the surge in demand from refiners for Canadian crude. The project involves the replacement of 160 miles of existing pipeline in Michigan as well as another 50 miles of line in Indiana. This comprises the second phase of a replacement plan of the line − stretching from Griffith, Indiana, to Sarnia, Ontario. The first phase, comprising alternation … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Shell, Chevron In Ukraine Tie-Up Posted: 14 May 2012 10:59 AM PDT Two energy behemoths Royal Dutch Shell plc (NYSE:CVX) have been awarded the exploration rights for two shale gas fields – Yuzivske and Oleske – in Ukraine. The total investment for the project is projected to be around $170 million for the Oleske field and $200 million for Yuzivske, totaling $370 million. Per the reports of the Ukrainian state geological service, the Oleske field that spans over 2,316.6 square miles is estimated to hold about 3 trillion cubic meters of conventional and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Chesapeake Defers Divestment Plans Posted: 14 May 2012 10:34 AM PDT Oklahoma-based oil and gas producer Chesapeake Energy Corporation (NYSE:CHK) has postponed its planned asset sale to ensure that terms and conditions set forth by its creditors are not jeopardized. Per the Fitch Ratings estimate, Chesapeake faces a funding gap of $10 billion in 2012. In order to reduce its debt, the company had planned to raise about $14 billion by divesting its assets and through further deals. But Chesapeake reasoned that while the monetization of its assets would ease its … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Penn Virginia Prices Senior Notes Posted: 14 May 2012 10:14 AM PDT Penn Virginia Resource Partners, L.P. (NYSE:PVR) announced the pricing of $600 million of 8.375% senior notes. This will be sold to the public at 100% of the principal amount and are due in 2020. The partnership has scaled up this offering from $450 million to $600 million. It had announced the $450 million senior notes offering on May 7, 2012. Penn Virginia Resource Partners plans to utilize $220 million from the net proceeds to finance a part of its earlier announced acquisition of Chief … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Cliffs’ Project In Feasibility Ph. Posted: 14 May 2012 09:54 AM PDT The Board of Directors of Cliffs Natural Resources Inc. (NYSE:CLF) has granted its approval to the company's proposed chromite project, based in the Ring of Fire area of Northern Ontario, Canada, to move from the pre-feasibility to the feasibility study phase. Technical and economic evaluations will also be done in the feasibility study. The company chose Sudbury, Ontario, due to various economic and technical factors that would best support the viability and success of the overall project. The … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

JPM Ratings Sank On Trading Loss Posted: 14 May 2012 09:39 AM PDT Following the disclosure of $2 billion trading loss in the first six weeks of the current quarter, two major ratings agencies – Fitch Ratings and Standards & Poor's (S&P) – revised their assessments for JPMorgan Chase & Co. (NYSE:JPM). Fitch lowered its long-term issuer default rating (IDR) on the company to "A+" from "AA-" and placed all long-term ratings on Rating Watch Negative. Though S&P did not lower its ratings immediately, it downgraded the outlook on the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Caterpillar Kept At Neutral Posted: 14 May 2012 09:39 AM PDT We maintain our Neutral recommendation on Caterpillar Inc. (NYSE:CAT) due to the recent loss of momentum in sales growth, margin headwinds, negative impact of the European debt crisis and a slowing Chinese economy. The quantitative Zacks #2 Rank (short-term Buy rating) for the company indicates slightly upward pressure on stock over the near term. Caterpillar has kickstarted 2012 by posting a record EPS of $2.37 in the first quarter. For fiscal 2012, Caterpillar's sales guidance is in the range … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Glaxo’s Acne Drug Gets U.S. Nod Posted: 14 May 2012 09:39 AM PDT GlaxoSmithKline (NYSE:GSK) recently announced that its subsidiary Stiefel's Fabior (tazarotene) Foam, 0.1%, received approval from the U.S. Food and Drug Administration (FDA). Fabior Foam, 0.1% is approved as a topical treatment for acne vulgaris in patients 12 years and above. The approval was based on data from two pivotal phase III studies conducted with Fabior Foam. The 12-week, randomized and double-blind trials were conducted in a total of 1,485 patients with moderate-to-severe acne … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Student Debt Bubble: Impending Doom For Colleges Posted: 14 May 2012 09:27 AM PDT The student loan debt bubble is beginning to get a LOT of attention. As well it should. That attention is deserved when a level of debt surpasses $1 TRILLION. The New York Times drew further attention to this situation this weekend in an extensive and very personal commentary, A Generation Hobbled by the Soaring Cost of College. I have tried to draw focus to the MASSIVE size of this problem and its accompanying implications over the course of the last year in writing the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Franklin Upped To Outperform Posted: 14 May 2012 09:19 AM PDT We are upgrading our recommendation on Franklin Resources Inc. (NYSE:BEN) to Outperform from Neutral, based on its impressive earnings performance and improving market sentiments. The results outpaced the Zacks Consensus Estimate and were ahead of the prior-year quarter as well as prior quarter's earnings. In May, Franklin's reported fiscal second-quarter 2012 earnings of $2.32 per share were much above the Zacks Consensus Estimate of $2.23 per share. Moreover, the results outpaced earnings of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Mechel Posts Strong Growth In FY11 Posted: 14 May 2012 09:04 AM PDT Russian mining company Mechel OAO (NYSE:MTL) recorded consolidated net income of $727.9 million in 2011, up 10.8% from the previous year's consolidated net income of $657.2 million. For the fourth quarter, net income (as reported), grew nearly eight-fold sequentially to $201.2 million. Revenues for the year came in at $12.5 billion, 28.7% higher than $9.7 billion posted in 2010. The jump in revenues was a result of Mechel's competitive lead in the market, its geographical diversity, and a wide … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

AGCO Corp. Retained At Outperform Posted: 14 May 2012 09:04 AM PDT We reiterate our Outperform recommendation on AGCO Corporation (AGCO), following its forecast-topping first-quarter 2012 results. The company's first quarter earnings of $1.21 per share surpassed the Zacks Consensus Estimate of 86 cents. Revenues increased 26.5% year over year to $2.27 billion, beating the Zacks Consensus Estimate of $2.08 billion. The company now expects adjusted earnings of $5.50 per share for 2012, up from the prior guidance of $5.00 per share. AGCO Corp. has also raised … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

VRS.V Posted: 14 May 2012 08:49 AM PDT FULL-YEAR FINANCIALS IN-LINE /  AURA PRODUCTION ON-TRACK FOR LATER THIS YEAR Brian Marckx, CFA Earlier this week Verisante Technology (VRSEF / V.VRS) announced completion of the beta version of Aura (see pic below).  These will be used for field testing, followed by commencement of commercial production, which is still expected to start later this year.  VRS leased additional production and assembly space in anticipation of commencement of production.    Full-Year … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Peet’s Remains At Neutral Posted: 14 May 2012 08:49 AM PDT We have maintained our Neutral rating on Peet's Coffee & Tea, Inc. (NASDAQ:PEET) with a target price of $67.00 following first quarter 2012 results. Peet's delivered operating earnings of 25 cents per share in the first quarter of 2012, which missed both the Zacks Consensus Estimate and the prior-year earnings of 31 cents and 41 cents per share, respectively. The first quarter results plunged owing to high input costs, especially for coffee. We are encouraged by Peet's strategy to sell … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Wall Street Slides On Greece Uncertainty Posted: 14 May 2012 08:40 AM PDT 05/14/12 US stocks posted a triple-digit loss as concerns about Greece weighed on global financial markets. JP Morgan Chase shares slid after announcing management … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Alliance Of Mellanox And Eucalyptus Posted: 14 May 2012 08:29 AM PDT Last week, Mellanox Technologies, Ltd. (NASDAQ:MLNX) entered into a partnership agreement with Eucalyptus Systems. The confluence was made with the clear intent of enhancing usability and productivity of cloud infrastructure solutions. Mellanox's 40GbE and InfiniBand Interconnect hardware devices will come together with Eucalyptus' infrastructure as a service (IaaS) cloud software platform as per the agreement. The merger will then give birth to an easy-to-install, user-friendly, inexpensive and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Job Market Improves For The College Class Of 2012 Posted: 14 May 2012 08:15 AM PDT Early news reports suggest that the job market for college graduates is improving for this year’s graduating class, and it might be the best job market in four years, here’s a sample: 1. NEW YORK –  “The class of 2012 is leaving college with something that many graduates since the start of the Great Recession have lacked: jobs. To the relief of graduating seniors — and their anxious parents — the outlook is brighter than it has been in four years. Campus job fairs were packed this … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

ILIU Posted: 14 May 2012 08:14 AM PDT FULL-YEAR FINANCIALS IN-LINE /  AURA PRODUCTION ON-TRACK FOR LATER THIS YEAR Brian Marckx, CFA Earlier this week Verisante Technology (VRSEF / V.VRS) announced completion of the beta version of Aura (see pic below).  These will be used for field testing, followed by commencement of commercial production, which is still expected to start later this year.  VRS leased additional production and assembly space in anticipation of commencement of production.    Full-Year … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Q1 IN-LINE / PST STUDY PROGRESS Posted: 14 May 2012 08:14 AM PDT Q1 IN-LINE / PST STUDY PROGRESS Interleukin Genetics (ILIU) reported financial results for the first quarter ending March 31, 2012 on May 10th.  There were no material surprises.  Revenue came in lighter than our estimate although some of this may be due to timing as deferred revenue jumped by more than $300k from the end of Q4 – which we would expect to benefit Q2.  As has been the theme in the recent past, ILIU continues to trim expenses which helped operating expenses come in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

35% Revenue Growth In Q1 Posted: 14 May 2012 08:14 AM PDT 35% Revenue Growth in Q1   Brian Marckx, CFA Revenue Zynex Inc. (ZYXI) reported financial results for the first quarter ending March 31, 2012 on May 8th.  Coming off revenue growth of 42% for the full-year 2011, Zynex started out 2012 with a bang.  Revenue of $8.9 million was up 35% from Q1 2011 and well ahead of our $7.7 million (+16%) estimate on very strong sales of both equipment and consumables.  Revenue growth continues to be mainly driven by rapidly expanding the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Plum Creek Declares Dividend Posted: 14 May 2012 08:14 AM PDT Plum Creek Timber Co. (PCL), a Seattle-based timber real estate investment trust (REIT), has recently declared a dividend of 42 cents per share for the first quarter of 2012. The dividend is payable in cash on May 31, 2012, to the shareholders of record as of May 18, 2012. The revenue generated from sale of Plum Creek's timber is considered as a long-term gain and the dividend payment is expected to be categorized as a long-term capital income gain. In addition, for most of the U.S. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Oil Drops Another 2% Posted: 14 May 2012 03:00 AM PDT 05/14/12 Front month crude prices started the new week in the red, sliding more than 2% intraday, as global equities slipped on Greek government concerns and weak data out of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Chameleon Nation And Victimization: We Might Soon Run Out Of Concession-Granting Oppressors Posted: 14 May 2012 07:54 AM PDT From the editorial “Chameleon Nation” by historian Victor Davis Hanson (also featured in today’s WSJ’s Notable and Quotable): “Identities are sometimes put on and taken off, like clothes, as self-interest dictates — given that so often they are no longer ascertainable from appearance. If that sounds crass or unfair, ask Elizabeth Warren, who dropped her Native American claims as soon as she at last received tenure and found her 1/32 con suddenly superfluous — to the apparent unconcern of her … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Euro Slides, Hits Near 5-month Low Vs Dollar Posted: 14 May 2012 02:00 AM PDT 05/14/12 The euro currency has continued its decline Monday as Greece political worries and slowdown expectations in China kept investors risk … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Greek Deadlock Causes Global Equity Slide Posted: 14 May 2012 06:00 AM PDT 05/14/12 Global equities started the week in the red as Greece’s struggle to form a government amid rising speculation the nation may soon leave the euro zone kept investors … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Prepare For Volatility Posted: 13 May 2012 12:11 AM PDT Last week, I wrote to expect a short-term rally, which was a tactical trading call (see The “Merde” rally?) but I wasn’t convinced that any rally would be the start of an intermediate term move upward for stocks: My inner trader wants to buy risk in anticipation of an oversold rally. My inner investor tells me to watch the market action in likely ensuing rally to gauge the strength of the bulls as this is just another phase in the choppy up-and-down market action that we have been witnessing in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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