DailyMarkets.com - Cepheid Back To Neutral |
- 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
| 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.
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| 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.
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| 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.
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| 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.
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| 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).
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| 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.
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| 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.
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| 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.
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| 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.
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| 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.
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| 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.
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| 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.
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| 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
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| 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.
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| 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.
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| 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.
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| 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.
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| 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.
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| 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.
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| Posted: 14 May 2012 08:49 AM PDT FULL-YEAR FINANCIALS IN-LINE / AURA PRODUCTION ON-TRACK FOR LATER THIS YEAR 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
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| 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.
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| 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
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| 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.
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| 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
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| Posted: 14 May 2012 08:14 AM PDT FULL-YEAR FINANCIALS IN-LINE / AURA PRODUCTION ON-TRACK FOR LATER THIS YEAR 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
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| 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
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| Posted: 14 May 2012 08:14 AM PDT 35% Revenue Growth in Q1 Revenue
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| 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.
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| 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
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| 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
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| 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
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| 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
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| 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:
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