Tuesday, May 15, 2012

DailyMarkets.com - Gann Angle Review SP500

DailyMarkets.com - Gann Angle Review SP500

Gann Angle Review SP500

Posted: 15 May 2012 05:31 PM PDT

We have to blow our trumpet, RTT Market Timer caught all the Nov 2011 to May 2012 SP500 rally. Simple mechanical tool caught the big one. Have a look.

Learn more : RTT Market Timer

And yes we admit it wasnt with out a few bumps and bruises along the way. But the rally most could not believe and also most who shorted far to early, was won by little old us. Fundamentals dont always work folks!

So here we go…one for us

The latest SP500 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

BMY Inks Deal With Chinese University

Posted: 15 May 2012 04:47 PM PDT

Recently, Bristol-Myers Squibb Company (NYSE:BMY) inked a multi-year deal with the research oriented Chinese university Tsinghua, founded in 1911.
Per the terms of the deal, the Chinese University's school of Life Sciences' research aimed at identifying and validating candidates in the oncology and immunoscience fields will be financed by Bristol-Myers. Moreover, the partnership will also target other areas such as structural biology research and the science of mapping the 3D protein structure … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

PPG Industries To Outperform

Posted: 15 May 2012 04:47 PM PDT

We are upgrading our long-term recommendation on PPG Industries (NYSE:PPG) to Outperform from Neutral. The company's strategy of diversifying its business across various products and geographies has come in handy in difficult times of the economy.
It has trumped the Zacks Consensus Estimates over the last four quarters, which is a testimony to the fact that it has done well even when the economy was under pressure. More importantly, the company's revenues from emerging markets grew over the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Giddy Up! Memorial Day Travel Predicted To Rise

Posted: 15 May 2012 03:55 PM PDT

05/15/12 More Americans will be traveling during the Memorial Day weekend this year. AAA projects an increase in the number of travelers heading out for the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Nissan To Build Facility In Tennessee

Posted: 15 May 2012 03:48 PM PDT

Nissan Motor Co. (NASDAQ:NSANY) announced the setting up of a new manufacturing facility in Decherd, Tennessee. The company formed a partnership with Daimler AG (DDAIF) with the sole purpose of launching production of Mercedes-Benz 4-cylinder gasoline engines for Infiniti and Mercedes-Benz vehicles from the facility.
The new facility located in North America Free Trade region, will be of added advantage to Daimler as it will supply engines for Mercedes-Benz C-Class, which will be produced in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

MAA Acquires Atlanta Asset

Posted: 15 May 2012 03:48 PM PDT

Mid America Apartments (NYSE:MAA), an apartment-only real estate investment trust (REIT), has recently completed the acquisition of 'Allure in Buckhead Village' – a 230-unit multifamily apartment community in Atlanta, Georgia – for an undisclosed price.
Despite having several properties listed as 'held for sale' in the Atlanta market, the acquisition signifies the inherent high quality of the asset and its superior demographics, which the company believes would drive solid return on … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Synopsys Takes Over RSoft

Posted: 15 May 2012 03:48 PM PDT

Synopsys Inc. (NASDAQ:SNPS) recently completed the acquisition of privately-held software maker RSoft Design Group Inc. Financial terms of the deal were kept confidential.
New York-based RSoft is an independent provider of photonics design and simulation software. The company's designs and software are used by OEMs (original equipment manufacturers) in the telecommunications, semiconductor and electronics segments.
Synopsys makes software used to design, test and develop semiconductor chips. It … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

TD Bank To Settle Overdraft Charges

Posted: 15 May 2012 03:33 PM PDT

The Toronto-Dominion Bank (NYSE:TD) is the latest to join the ever-growing list of banks facing litigation over misconduct and malpractices concerning overdraft fees. The bank has agreed to pay $62 million in settlement of a lawsuit filed against it by its customers accusing it of unreasonable assessment and collection of overdraft fees. However, the settlement requires approval from the U.S. District Judge in Miami.
Background
The customers accused TD Bank of regularly dealing with transactions … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Methanex Downgraded To Neutral

Posted: 15 May 2012 03:32 PM PDT

We have downgraded our long-term recommendation on Methanex Corporation (NASDAQ:MEOH) to Neutral from Outperform following its mixed first-quarter 2012 results. The company's earnings of 23 cents per share in the quarter missed the Zacks Consensus Estimate of 36 cents. However, revenues of $666 million increased 7.6% year over year, beating the Zacks Consensus Estimate of $633 million.
The company's facility in Chile operated below the site capacity during the quarter due to curtailed natural … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

US Housing Data, FOMC Minutes Highlight Midweek Calendar

Posted: 15 May 2012 03:20 PM PDT

05/14/12 US economic data and FOMC minutes will be in focus on Wednesday. Any developments from Europe will continue to affect global market … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

AmSurg Remains Neutral

Posted: 15 May 2012 03:13 PM PDT

We have reiterated our Neutral recommendation on AmSurg Corporation (NASDAQ:AMSG) with a target price of $30.00.
Even amidst headwinds like reimbursement issues, higher expenses and economic uncertainty, AmSurg's adjusted EPS for the first quarter of fiscal 2012 came in at 50 cents, up 35% year over year, and ahead of the Zacks Consensus Estimate by 2 cents.
AmSurg also delivered strong revenue growth during the reported quarter. Revenues were up 30% year over year to $230.2 million and exceeded … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Northrop Grumman To Supply G4 Pods

Posted: 15 May 2012 03:12 PM PDT

Northrop Grumman Corporation (NYSE:NOC) has received a contract worth $103 million from the Naval Air Systems Command for the supply of LITENING G4 pods.
Besides providing LITENING G4 targeting systems to the U.S. Marine Corps, it will supply G4 upgrade kits and spares to the Air National Guard in order to bring their Block 1 pods to the G4 pattern, per the contract.
LITENING G4 Advanced Targeting Pod, the latest version of the company’s LITENING family of targeting pods, comprises improved target … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Panel Votes In Favor Of Pfizer Drug

Posted: 15 May 2012 02:53 PM PDT

Pfizer Inc. (NYSE:PFE) recently received a boost with the U.S. Food and Drug Administration's (FDA) Arthritis Advisory Committee voting 8-2 in favor of the company's rheumatoid arthritis candidate, tofacitinib.
Pfizer is looking to get tofacitinib approved for the treatment of adult patients with moderately to severely active rheumatoid arthritis.
While the FDA is not required to follow the advice of its advisory panels, it usually does so. A response on the approval status of tofacitinib … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Aetna Extends Banner Relation

Posted: 15 May 2012 02:53 PM PDT

As anextension to the deal signed between Aetna (NYSE:AET) and Banner Health Network for Accountable Care Collaboration in November last year, the companies will now offer health management and other patient oriented services to over 200,000 patients.
Aetna will promote improved care quality, coordination and convenience for the doctors and their patients covered by Banner Health on implementing its "technology stack" and various other care management services.
Per the agreement, the companies … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: A Technical Take

Posted: 15 May 2012 02:51 PM PDT

Cusick’s Corner 05-15-2012
The good news — the market firmed after a decent pullback. The not so good news — we have broken enough levels of support and have not reached a level of Fear, VIX, where you might feel that the bull camp has much of a reason to challenge. Technically looking at cycle and trend indicator tools, i.e. CCI, there is a negative reading which confirms trend right now. The market is getting to a 20 high/low period CCI, a level to watch if a turn is potentially in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hudson Pacific To Offer Shares

Posted: 15 May 2012 02:33 PM PDT

Hudson Pacific Properties, Inc (HPP), a real estate investment trust (REIT), recently announced its decision to offer 10 million shares of its common stock. The company also decided to grant the underwriters a 30-day option to purchase up to an additional 1.5 million shares to cover the over-allotment options.
This public offering will enable the company to attain financial flexibility. Hudson Pacific intends to use the proceeds from the offering  to repay debt under its secured … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stock Picks For Wednesday, May 16

Posted: 15 May 2012 02:29 PM PDT

( click to enlarge )

Apple Inc. (NASDAQ:AAPL) – The technical chart shows that the bears are fighting back. The stock managed to climb up above the 20-day SMA late in April after the earnings report but failed. A sharp correction has dropped the stock below its 20-day and 50-day SMAs, and the 600 level. As long as the stock trades above its rising 200-day SMA, the bulls will remain in the game. Looking at the chart, the technical indicators are looking bearish. The slow STO has fallen sharply … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Scorecard: DISH Network

Posted: 15 May 2012 02:14 PM PDT

Following the first quarter earnings announcement on May 3, a mixed sentiment was palpable among the analysts covering DISH Network Corp. (NASDAQ:DISH) with regard to estimate revision. We believe that the mixed sentiment stems from stiff competition that exists in the satellite and cable market.
First Quarter Highlights
Quarterly GAAP net income was $360.31 million or 80 cents per share compared with $549.4 million or $1.22 per share in the year-ago quarter. First-quarter 2012 EPS of 80 cents was … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Risk, Reward Balance BOK Financial

Posted: 15 May 2012 02:14 PM PDT

We have reaffirmed our Neutral recommendation on BOK Financial Corporation (NASDAQ:BOKF) based on its fundamentals post-first quarter 2012 earnings release, the current economic environment and the capital deployment efforts.
Aided by growth in net interest revenue as well as fees and commissions revenue, BOK Financial reported first-quarter earnings of $1.22 per share, well above the Zacks Consensus Estimate of $1.03.
The company also reported growth in commercial loan balances. Its diverse revenue … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Spectra Energy’s Canadian Plan

Posted: 15 May 2012 02:14 PM PDT

Spectra Energy Corp (NYSE:SE) remains on track with its extensive $1.5 billion expansion program from 2009 to 2013 in British Columbia (B.C.). The natural gas pipeline operator also aims to expend more in the region after 2015 in order to meet the energy needs of North America.
The $1.5 billion expansion agenda involves the development of essential natural gas infrastructure, including the construction of two new natural gas processing facilities in northeast B.C. and related natural gas gathering … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

ABB’s Thomas & Bett Acquisition

Posted: 15 May 2012 02:03 PM PDT

ABB Ltd.'s (NYSE:ABB) prospective acquisition of Thomas & Bett has received antitrust clearance from the European Commission. This was the last regulatory authorization needed for the acquisition to go through. US, Canadian and Turkish antitrust clearance had already been received for the acquisition.
The shareholders of Thomas & Bett gave their approval in a meeting held on May 2, 2012. With all the required approvals received, the acquisition is expected to close shortly.
The … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Agilent Sees Improving Trends

Posted: 15 May 2012 02:03 PM PDT

Agilent Technologies' (NYSE:A) fiscal second quarter earnings exceeded the Zacks Consensus by 5 cents (6.8%), led by strength across multiple end markets and product lines.
Revenue
Agilent's revenue was up 6.0% sequentially and 3.3% year over year, better than management's expectations of a 4-5% sequential increase ($1.70 billion to $1.72 billion). Currency was a slight negative in the year-over-year comparison.
Europe was the weak point in both the sequential and year-over-year comparisons, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Apple Wins Key Victory Over Samsung

Posted: 15 May 2012 02:03 PM PDT

Apple Inc.'s (NASDAQ:AAPL) relentless effort to curb Samsung's growth in the tablet market gathered steam when The U.S. Court of Appeals for the Federal Circuit ruled in favor of the iPad maker in a case related to patent infringements. This recent ruling may lead to a potential sales ban on the Galaxy Tab in the U.S., reported Bloomberg.
In December last year, Apple had appealed to the District Court in San Jose for banning Samsung's Galaxy Tab in the U.S.  However, the plea was rejected … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Texas Capital Remains At Outperform

Posted: 15 May 2012 02:03 PM PDT

We have reaffirmed our Outperform rating on Texas Capital Bancshares Inc. (NASDAQ:TCBI) based on its solid fundamentals and growth opportunities in the current economic environment.
Texas Capital reported first-quarter 2012 operating earnings of 70 cents per share, surpassing the Zacks Consensus Estimate of 62 cents. The results were significantly ahead of the prior-year quarter's earnings of 31 cents per share.
Quarterly results of Texas Capital benefited from an increase in the top line, aided … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Visa Eyes Canadian Expansion

Posted: 15 May 2012 02:03 PM PDT

In a concerted effort to tap the growing debit card market in Canada, Visa Inc. (NYSE:V) joins with Air Canada to facilitate its Canadian customers with Visa debit cards with which to purchase Air Canada tickets. The agreement has already come into effect from the beginning of this month, and Canadian customers have already started benefiting from the alliance of the two entities.
Visa's Canadian customers can buy tickets by paying online using their Visa Debit card for scheduled passenger … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Coty Withdraws $10.7B Avon Bid

Posted: 15 May 2012 02:03 PM PDT

Following Avon Products Inc's (NYSE:AVP) statement dated May 13th that it will consider the new bid and respond within a week, Coty Inc. withdrew its revised $10.7 billion takeover bid, stating that it failed to receive an explanation from Avon for the one week extension. 
Coty, in its letter dated May 14, informed Avon that it is no longer interested in the buyout given the latter's reluctance to enter into discussion regarding the proposal since its initial offer made two months … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Target

Posted: 15 May 2012 02:03 PM PDT

Target Corporation (NYSE:TGT) is slated to report its first-quarter 2012 financial results before the opening bell on Wednesday, May 16.
The current Zacks Consensus Estimate for the quarter is pegged at $1.01 per share, which reflects growth of 2% from the prior-year quarter's earnings. The estimates in the current Zacks Consensus range between a low of 97 cents and a high of $1.03 per share. The Zacks Consensus estimates revenue at $16,874 million for the quarter.
Recap of Fourth-Quarter … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

URS’ New Oil & Gas Division

Posted: 15 May 2012 02:03 PM PDT

Recently, URS Corporation (NYSE:URS) acquired Flint Energy Services Ltd. for C$25.00 per share in cash and approximately C$1.24 billion (US$1.24 billion) in total. The company entered into the agreement in February 2012.
The acquisition expands URS' presence in the oil and gas sector. The North American unconventional oil and gas segments have been growing and with this acquisition URS will derive significant benefits in these segments. The company will now be able to provide a comprehensive set … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

URS’ New Oil & Gas Division

Posted: 15 May 2012 02:03 PM PDT

Recently, URS Corporation (NYSE:URS) acquired Flint Energy Services Ltd. for C$25.00 per share in cash and approximately C$1.24 billion (US$1.24 billion) in total. The company entered into the agreement in February 2012.
The acquisition expands URS' presence in the oil and gas sector. The North American unconventional oil and gas segments have been growing and with this acquisition URS will derive significant benefits in these segments. The company will now be able to provide a comprehensive set … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

AIZ Boosts Share Buyback Program

Posted: 15 May 2012 02:03 PM PDT

Specialty insurance provider Assurant Inc. (NYSE:AIZ) has declared an increase in its share buyback authorization program, which comes on the heels of an approval to increase dividend announced last week.
The board of directors of Assurant approved the repurchase of up to $600 million of its shares. The new authorization comes on top of $170 million remaining under the existing program as of April 30, 2012.
Assurant will use its healthy cash flow from operations to buyback shares. The company … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Scorecard: Scripps Networks

Posted: 15 May 2012 02:03 PM PDT

Following the first quarter earnings announcement on May 3, none of the analysts covering Scripps Network Interactive Inc. (NYSE:SNI) have revised their estimates. The brokers have retained their estimates based on the belief that the company will benefit from the continuous growth in advertising and affiliate fee revenues along with its initiative to acquire channels in the international market.
However, they remain concerned about the company's decision to increase its marketing expenses in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Clorox Boosts Quarterly Dividend

Posted: 15 May 2012 02:03 PM PDT

Amid the prevailing economic uncertainties, investors are always on the look out for the best possible return from stocks in their portfolio. In a bid to boost shareholder return, The Clorox Company (NYSE:CLX) recently increased its quarterly dividend by 6.7% or 4 cents to 64 cents per share. Earlier, the company used to pay 60 cents per share.
The increased dividend will be paid on August 10, 2012 to the shareholders of record as of July 25, 2012. The annualized dividend yield based on the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Scary Stuff

Posted: 15 May 2012 01:53 PM PDT

If every picture tells a story, here’s one from a post, “serfchart,” at Michael Krieger’s A Lightning War for Liberty, that might even give Freddy Krueger the willies:

As Krieger puts it, “this is what you get when a society allows financial oligarchs to take over the economy and rape and pillage at will with zero … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Tips For TIPS!

Posted: 15 May 2012 01:50 PM PDT

05/15/2012 InnerHarbor Advisors’ Michael J. Keating, CFP, talks about investing in Treasury Inflation Protected Securities. The pros and cons of TIPs are discussed, along with historical performance of the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Wall Street Sees Third Consecutive Drop

Posted: 15 May 2012 08:30 AM PDT

05/15/12 Greek political headlines once again pushed stocks lower Tuesday with the Dow closing near a 4-month … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Housing Market Recovery Has Officially Begun

Posted: 15 May 2012 12:40 PM PDT

That’s how Time Magazine is describing the conclusions from a new report issued today by the Conference Board and Nielsen through their jointly-owned Demand Institute. Here are some excerpts form the report titled “The Shifting Nature of U.S. Housing Demand”:

“The worst is over for the U.S. housing market. After six years of declining sales and falling prices that wiped $7 trillion from the value of housing assets, a turning point has been reached. The Demand Institute sees average prices … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

American Public To Buy Back Shares

Posted: 15 May 2012 12:33 PM PDT

American Public Education (NASDAQ:APEI) recently announced a new share repurchase program. The board of directors of the online education provider has authorized a purchase of the company's common stock worth upto $20 million. The company's shares outstanding stood at approximately 18.2 million as of March 31, 2012.
The students enrolled in American Public Education courses primarily serve the military and public service communities.They mainly finance their education through tuition assistance … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Boston Scientific Innova Has CE Mark

Posted: 15 May 2012 12:18 PM PDT

Boston Scientific Corporation (NYSE:BSX) has strengthened its stent portfolio in Europe with the CE Mark approval and subsequent launch of Innova self expanding bare metal stent. The stent is designed to treat peripheral vascular lesions in arteries above the knee. Mauro Gargiulo, physician at Sant’Orsola-Malpighi in Bologna, Italy considers treatment of arteries above the knee to be difficult. This is because the anatomy of this region can lead to stent fractures and higher restenosis rates.
The … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

NCI Building Systems Stays Neutral (revised)

Posted: 15 May 2012 12:18 PM PDT

We reiterate our Neutral recommendation on NCI Building Systems Inc. (NYSE:NCS). Our recommendation on NCI Building Systems is in line with a short-term Zacks #3 Rank (Hold).

The company reported an adjusted loss of 32 cents per share for first-quarter of 2012, narrower than the Zacks Consensus Estimate of a loss of 69 cents. Sales increased 28.2% to $243.6 million, surpassing the Zacks Consensus Estimate of $210 million.

The company suffered since last year as it faced difficult business … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Double Digit Top-Line Growth At DecisionPoint Systems, Inc.

Posted: 15 May 2012 12:03 PM PDT

Double Digit Top-Line Growth at DecisionPoint Systems, Inc.
Ken Nagy, CFA

On May 15, 2012, DecisionPoint Systems, Inc. (DPSI), the Foothill Ranch, California based enterprise mobility and RFID systems integrator, reported financial results for its fiscal 2012 first quarter, ended March 31, 2012.

The solid first quarter performance resulted in record revenue, with sales jumping  $5.009 million or over 39 percent year over year to $17.810 million from $12.800 million for the three months … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Patriot Revises Outlook

Posted: 15 May 2012 12:03 PM PDT

Patriot Coal Corporation (NYSE:PCX) decided to lower its sales outlook for the remainder of 2012 and for 2013 as one of its prime customers has failed to meet a purchase obligation. With the changed scenario, the company now expects to sell 3.9 million tons of Appalachia – metallurgical (met) coal at $142 per ton in the remainder of 2012 and 0.2 million tons of met coal at $122 per ton in 2013.
The current estimates are down from the earlier guidance provided by the company during the first … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

More Positive Real Estate News

Posted: 15 May 2012 11:54 AM PDT

Here’s some more positive news coming out today about the recovering U.S. real estate market, which might have reached a major turning point in the month of April. 

1. California Spring Home Buying Season Off to Strong Start, Home Sales and Price Post Impressive April Results  –  “California home sales and median price both jumped in April, with sales shooting up to their highest level in more than two years, and the median price rising above $300,000 for the first time in 16 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: Retail Number Solid

Posted: 15 May 2012 11:46 AM PDT

Cusick’s Corner 05-15-2012
Retail Sales came in strong when you strip out the auto sales component which catalyzed the sector, XRT/XLY are leading the push to the upside and are outpacing the overall market by almost 3X. The action in Crude, USO, is less bullish; support has been broken, 36.40 on USO, and is now solid resistance. If the Dollar picks up any strength then this could potentially catalyze the downside pressure.
Stock market averages are holding modest gains with help from economic … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

CSIQ Renews Warranty Policy

Posted: 15 May 2012 11:43 AM PDT

Producer of solar cells and panels, Canadian Solar Inc. (NASDAQ:CSIQ) has completed the annual renewal of its 25-year product warranty insurance policy through April 1, 2013. The policy covers Canadian Solar modules for 25 years following warranty start date.  Earlier in 2010 Canadian Solar became one of the first companies in the industry to offer enhanced product and performance warranty backed by an immediately available and non-cancellable insurance policy.
Canadian Solar specified that its … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Raytheon Unit To Work On METAPHOR

Posted: 15 May 2012 11:23 AM PDT

Raytheon Company's (NYSE:RTN) unit Raytheon BBN Technologies has received funding worth $2.5 million from the Intelligence Advanced Research Projects Activity ("IARPA") through U.S. Army Research Laboratory ("ARL"). This grant was a part of the ARL's METAPHOR program. 
Per the agreement, the company will produce tools and techniques to recognize, qualify and classify metaphors. It will also manufacture a metaphor repository system to categorize and link the main constituents of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Statoil Employs Seadrill Rig

Posted: 15 May 2012 11:23 AM PDT

Norwegian oil giant Statoil ASA (NYSE:STO) has hired Seadrill Limited's (SDRL) rig –– West Aquarius –– for deepwater exploration activity offshore Newfoundland, Canada. Statoil did not reveal the contract value or the hiring charges for the vessel.
The ultra deepwater drilling rig belongs to the sixth generation semi-submersible DP3 vessel class. Built in 2009, in South Korea, the vessel is equipped to function in rough environment up to a water depth of 3,000 meters.
Statoil aims to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

FMD: Third Quarter

Posted: 15 May 2012 11:08 AM PDT

FMD: Third Quarter – Cleaning Up Legacy Issues and Progress with Expense Cuts
Ann Heffron, CFA

On May 2, 2012, The First Marblehead Corporation (FMD) reported its fiscal 2012 third quarter results for the period ending March 31, 2012. For the quarter, FMD recorded net income from education financing of $1.7 million, or diluted earnings per share of $0.02, including $1.2 million of severance costs and a $12.6 million gain on sale of First Marblehead Data Services, Inc. (FMDS) for $13.7 million … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

FMC Equipment For Aussie Project

Posted: 15 May 2012 11:08 AM PDT

Offshore oilfield equipment manufacturer FMC Technologies Inc. (NYSE:FTI) has agreed to deliver offshore loading arm systems for the Shell Prelude Floating Liquefied Natural Gas (FLNG) Project in Australia. In this regard, the company has entered into an agreement with Technip France, which represents the Technip Samsung Consortium (TSC).
Per the contract, FMC Technologies will supply seven offshore footless marine loading arms, four for liquefied natural gas and three for liquefied petroleum gas. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

LinkedIn To Buy Monster?

Posted: 15 May 2012 11:08 AM PDT

As per a news release from Reuters, LinkedIn (LNKD) and Silver Lake has expressed interest to take over Monster Worldwide Inc (MWW), according to sources.
Headqartered in New York, Monster Worldwide is an online recruitment firm of the parent company Monster.com, the leading career website in the world.
The news has led to a surge in the stock price of Monster. It was rumored earlier that management might sell a part or all of its business as the company is facing tough times for quite some … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

National Oilwell In Neutral Lane

Posted: 15 May 2012 10:48 AM PDT

We are maintaining our long-term Neutral recommendation on National Oilwell Varco (NYSE:NOV), reflecting its strong drilling equipment base, healthy balance sheet and an impressive business model. These positives are partially clouded by the gas/oil price instability, costs inflation and geo-political risks.
Houston, Texas based National Oilwell Varco is a world leader in the design, manufacture, and sale of comprehensive systems, components, products and equipment used in oil and gas drilling and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Atmel’s MaXTouch Supports Ingenico

Posted: 15 May 2012 10:32 AM PDT

International payment solution provider, Ingenico has recently chosen Atmel Corporation's (NASDAQ:ATML) maXTouch solution to power the wireless payment portals of its iWL200 Series model. The company's maXTouch solutions continue to drive a number of touch devices from smartphones to 7-inch tablets and are now encouraged to support Ingenico's user-friendly payment platforms.
Atmel's maXTouch are noted for their robust features such as multi-touch with infinite touch capability, facility of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Otto: “FOMC Minutes…what I’m Looking For”

Posted: 15 May 2012 10:30 AM PDT

05/15/12 Knight Capital Americas’ Mark Otto talks about the Euro zone debt crisis and the latest global economic data. Expectations for the upcoming trading sessions are also discussed, including technical … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Ecolab’s Nalco Unit Wins Award

Posted: 15 May 2012 10:13 AM PDT

Nalco Holdings, a subsidiary of Ecolab Inc. (NYSE:ECL), was declared the 2012 Water Technology Company of the Year during the 2012 Global Water Awards, held in Rome. The award was conferred by renowned industry analyzer, Global Water Intelligence.
The Global Water Awards recognize significant achievements within the worldwide water industry. The winners were chosen by members of the International Desalination Association ("IDA"), the Water Desalination Report and Global Water Intelligence … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

ROMNEY HAS PUBLIC AND PRIVATE MORALITY UPSIDE DOWN Mitt…

Posted: 15 May 2012 10:08 AM PDT

ROMNEY HAS PUBLIC AND PRIVATE MORALITY UPSIDE DOWN

Mitt Romney's reaction to J.P. Morgan Chase's mounting losses from reckless trades is "the market will take care of it." His spokesman says "no taxpayer money was at risk" so we don't need more financial regulation. Romney has even promised to repeal Dodd-Frank if he's elected president.

Yet at the same time, Romney has come out strongly against same-sex marriage. He's also against abortion. He has no problem with … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Oil Slightly Lower On China & Greece

Posted: 15 May 2012 10:00 AM PDT

05/15/12 Continued concerns over Greece’s political impasse and a drop in foreign investment in China has kept front month crude prices slightly lower Tuesday afternoon to trade just below $95 a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Positive Data On Novartis’ Lucentis

Posted: 15 May 2012 09:58 AM PDT

Switzerland-based pharmaceutical company, Novartis AG (NYSE:NVS) recently announced that positive data on Lucentis was presented at the annual meeting of the Association for Research in Vision and Ophthalmology (ARVO). The data presented at the meeting highlights the benefit of individualized treatment and the drug's long-term efficacy and safety profile in patients with wet age-related macular degeneration (wet AMD) and diabetic macular edema (DME).
In the RESTORE extension study, 240 patients … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

ConAgra Closes Pride Acquisition

Posted: 15 May 2012 09:58 AM PDT

Recently, ConAgra Foods Inc. (NYSE:CAG) announced closure of its Odom's Tennessee Pride acquisition. The agreement to acquire Odom's Tennessee Pride, the leading producer of frozen and refrigerated breakfast sandwiches and sausage, was announced on April 17, 2012.
Odom's Tennessee Pride, which has the annual revenue of above $190 million and the strength of approx. 750 employees, is the second largest producer of frozen breakfast sandwiches in the U.S. As per the initial agreement, the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Euro Steadies On Mixed Data

Posted: 15 May 2012 02:00 AM PDT

05/15/12 Following an array of mixed global economic reports, the euro has remained steady against the dollar Tuesday … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For ETF Trading On Wednesday, May 16, 2012

Posted: 15 May 2012 05:02 AM PDT

By ForexMansion.com

The Trend Trader for ETFs
For Trading On Wednesday, May 16, 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
110.98
− 0.05
110.94
110.79

Bullish

BND – Vanguard Total Bond Market ETF
84.12
+ 0.02
84.05
83.94

Bullish

DBC – DB Commodity Index Tracking Fd
26.38
+ 0.19
26.52
26.85

Bearish

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 Wednesday, May 16, 2012

Posted: 15 May 2012 05:02 AM PDT

By ForexMansion.com

The Trend Trader for Futures
For Trading On Wednesday, May 16, 2012

INDICES

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

S&P 500 – Jun ESM2
1328.25
− 0.43
1341.81
1353.17

Bearish

Dow Jones – Jun YMM2
12605
− 0.40
12712
12827

Bearish

Nasdaq – Jun NQM2
2578.25
− 0.26
2599.89
2614.08

Bearish

Russell – Jun TFM2
775.80
+ 0.06
782.17
785.27

Bearish

INTEREST RATES

US T-Bond – Jun ZBM2
146-13
+ … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For Stock Trading On Wednesday, May 16, 2012

Posted: 15 May 2012 05:02 AM PDT

By ForexMansion.com

The Trend Trader for the Dow 30 Stocks
For Trading On Wednesday, May 16, 2012

In alphabetical order by symbol

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AA – Alcoa Inc
8.71
− 2.35
8.95
9.15

Bearish

AXP – American Express Company
57.94
− 0.82
58.84
59.74

Bearish

BA – Boeing Co
72.58
− 0.74
73.21
74.30

Bearish

BAC – Bank of America Corporation
7.30
− 0.68
7.45
7.65

Bearish

CAT – Caterpillar Inc
92.68
− … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For Forex Trading On Wednesday, May 16, 2012

Posted: 15 May 2012 05:02 AM PDT

By ForexMansion.com

The Trend Trader for Forex
For Trading On Wednesday, May 16, 2012

THE BIG SIX

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AUDUSD – Aust Dollar / US Dollar
0.9936
− 0.22
0.9993
1.0085

Bearish

EURUSD – Euro / US Dollar
1.2728
− 0.75
1.2850
1.2962

Bearish

GBPUSD – British Pound / US Dollar
1.5991
− 0.61
1.6070
1.6108

Bearish

USDCAD – US Dollar / Canadian Dollar
1.0071
+ 0.36
1.0024
0.9994

Bullish

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

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