Monday, May 21, 2012

DailyMarkets.com - Hot Option Plays: Market Trying To Take A Stand

DailyMarkets.com - Hot Option Plays: Market Trying To Take A Stand


Hot Option Plays: Market Trying To Take A Stand

Posted: 21 May 2012 11:45 AM PDT

Cusick’s Corner 05-21-2012
After a solid weekend of NATO protest-related backups in the Chicago, it is nice to come in for a bounce in the market. The leader of the charge has been AAPL, +4.5%, and the S&Ps are up a solid 1.40% for some short-term support. This puts pressure on the weak handed shorts but the volume into the midday, while impressive, is still not enough to strike true fear into the Bear. I would like to see Friday’s volume of 323 million shares on an up day for a true … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Northrop Gets NATO Contract

Posted: 21 May 2012 11:43 AM PDT

Northrop Grumman Corporation (NYSE:NOC) has signed a $1.7 billion or 1.2 billion euro contract for NATO’s Alliance Ground Surveillance system or AGS. Northrop Grumman will be the prime contractor for the NATO AGS program and build the Global Hawk air vehicle, supporting systems and payloads. The contract also includes the purchase as well as initial operation and maintenance of five Global Hawk unmanned aircraft and transportable ground stations.
Operating under NATO command, the AGS is expected … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Real Estate Rebound

Posted: 21 May 2012 11:30 AM PDT

1. “The glut of condos that hit downtown Seattle right during the real-estate downturn is disappearing as buyers move back into the market.  As unsold inventory disappears, prices are turning up, and are still selling for 99% of list price.”

2.  “Some Louisville-area real estate agents are noticing something that hasn't happened in a long time: getting multiple offers on the same property.  Since the housing market crashed four years ago, all the leverage has been with buyers … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Penn Fortifies Pipeline Portfolio

Posted: 21 May 2012 11:23 AM PDT

Penn Virginia Resource Partners, L.P. (NYSE:PVR) has completed the acquisition of Chief Gathering LLC, a midstream natural gas gathering and processing unit of Chief E&D Holdings, L.P for $1.06 billion.  Penn Virginia had entered into the acquisition agreement in April 2012.
Chief Gathering’s portfolio consists of six natural gas gathering systems. It is active over 300,000 acres in Bradford, Lycoming, Sullivan, Susquehanna, Wyoming and Greene Counties in the state of Pennsylvania, and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Earnings Preview: Medtronic

Posted: 21 May 2012 11:23 AM PDT

Leading medical devices company  Medtronic (NYSE:MDT) is scheduled to report its fourth quarter and fiscal 2012 results before the market opens on Tuesday, May 22, 2012. The company is expected to earn earnings per share ("EPS") of 98 cents on revenues of $4.232 billion during the quarter and EPS of $3.45 on revenues of $16.266 billion during the fiscal, according to Zacks Consensus Estimates.
Medtronic met its expectations in two of the last four quarters while missing once. The … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Echoes Of 2009, 2010 And 2011

Posted: 21 May 2012 11:14 AM PDT

Today's post features excerpts from the Recap Report I sent to Members this past Sunday evening. After seeing today's (Monday) recovery, I thought it would be worthwhile for all blog readers also to see it. As part of each Weekly … Continue reading … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


New Lease Agreements For Brookfield

Posted: 21 May 2012 11:07 AM PDT

Brookfield Office Properties Inc. (BPO) recently signed agreements with two renowned energy companies, Rosetta Resources Operating LP and Chevron U.S.A. Inc., to lease properties totaling 272,000 square feet of space in downtown Houston.
Brookfield leased 108,565 square feet of space at Heritage Plaza to Rosetta Resources Operating LP. The property is located at 1111 Bagby St. spanning a total of 1.2 million square feet of office space. In addition, Brookfield extended its lease agreement with … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Guilfoyle: “Time For Bit Of A Bounce”

Posted: 21 May 2012 10:55 AM PDT

05/21/12 Meridian Equity Partners’ Stephen Guilfoyle discusses today’s bounce in equities, global fundamentals and how to navigate the financial and technology … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Verizon Scraps Unlimited On Upgrade

Posted: 21 May 2012 10:47 AM PDT

The wireless leader Verizon Communications Inc. (NYSE:VZ) is slowly scrapping its unlimited data plans. Verizon puts a cap on its unlimited data plans with smartphone upgrade.
The company abolished unlimited data plans for all customers, who intend to upgrade their smartphones with the new high-speed data services (4G) at a discounted price. Verizon allows full price-paid customers to keep its unlimited plans with a flat monthly fee of $30. However, these customers have to shift to the shared data … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


America’s Plowhorse Economy Rolls On

Posted: 21 May 2012 10:31 AM PDT

Brian Wesbury et al. at First Trust Advisors point out that amid all of the media reports of economic “gloom and doom,” our "plow horse economy" keeps moving forward, demonstrating that the relentless media pessimism is “being defeated by the American entrepreneurial spirit.”  Here are some examples from First Trust of how our “plow horse economy” is moving forward:

1. Consumer spending is at a record high, on both a real and nominal basis. Retail sales were up in April for the 21st … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Positive Data On Given’s Products

Posted: 21 May 2012 10:28 AM PDT

Specialist manufacturer of gastrointestinal products, Given Imaging Ltd. (NASDAQ:GIVN) confirmed the success of its PillCam ESO to support triage patients with upper gastrointestinal bleeding (UGIB). It also revealed details pertaining to Bravo Systems, indicating that it can increase patient pH monitoring up to four days for those who suffer from gastroesophageal reflux disease (GERD). The announcements are supported by clinical trials and data from reputed universities across the globe.
According … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Earnings Preview: Hhgregg

Posted: 21 May 2012 10:28 AM PDT

hhgregg, Inc. (NYSE:HGG), which operates as a specialty retailer of consumer electronics, home appliances, and related services, is all set to unveil its fourth quarter and fiscal year 2012 results on May 23, 2012, before the market opens. The Zacks Consensus Estimate for the fourth quarter is 37 cents (year-over-year decrease of 38%), while the Zacks Consensus Revenue Estimate is $647 million (year-over-year decrease of 22%).
The Zacks Consensus Estimate for the fiscal year 2012 is $1.09 per … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Citigroup Disclosure Suit Cancelled

Posted: 21 May 2012 10:28 AM PDT

Citigroup Inc. (NYSE:C) and its Chief Executive Vikram Pandit can breathe a sigh of relief now after winning the dismissal of a lawsuit that indicted them for not disclosing its risk during the financial meltdown in 2008, according to a Reuters report.  
The Allegation
The lawsuit filed by Sheldon Solow, a New York real estate developer, alleged Citigroup for his losses, which he claimed to be of 87% over a $510,000 investment in 40,000 Citigroup shares. The shares were purchased between … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Generic Launches Continue At Mylan

Posted: 21 May 2012 10:08 AM PDT

Mylan Pharmaceuticals Inc., a subsidiary of generic player, Mylan Inc. (NYSE:MYL), recently announced that it has received final approval from the U.S. Food & Drug Administration (FDA) to launch generic versions of Plavix (clopidogrel), 75 mg and 300 mg. Mylan was the first company to have filed an abbreviated new drug application (ANDA) to market a generic version of Plavix, 300 mg. The early bird will thus enjoy a 180-day period of exclusivity.
Plavix, sold by Bristol-Myers Squibb Co. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Motorola Solutions In Neutral Zone

Posted: 21 May 2012 10:08 AM PDT

We reaffirm our Neutral recommendation on Motorola Solutions Inc. (MSI). The company reported strong financial results for the first quarter of 2012, beating the Zacks Consensus Estimates. Besides, revenue, operating income, and operating margin generated healthy year-over-year growth. Motorola Solutions is a market leader in the lucrative U.S. Public Safety market. Though the federal budgetary pressures are anticipated to continue, the state and local level agencies have become a major … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Oil Prices Rebound

Posted: 21 May 2012 05:00 AM PDT

05/21/12 Oil prices saw a slight rebound above $92 on rising Middle Est suppy … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


NZ Dollar Gains On China Growth Prospects, G8 Summit Keeps Euro Low

Posted: 21 May 2012 09:33 AM PDT

Fundamental Headlines
- Copper Up But Greek Contagion Fears Weigh – Reuters
- Asia Stocks Rise After China Premier Says Growth is Focus – Bloomberg
- Treasury Prices Fall as G8 Leaders Back Greece in Euro Zone – Reuters
- Gold Steadies As Softer Euro Curbs Rebound – Reuters
- Fed's Lockhart Says Circumstances Not Ripe for QE3 – Reuters
European Session Summary
The US Dollar (ticker: USDOLLAR) traded lower against the Australian Dollar and other high-risk counterparts on a modest … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


H&R Block Retained At Neutral

Posted: 21 May 2012 09:28 AM PDT

H&R Block Inc.(NYSE:HRB) narrowed its loss in the fiscal third quarter when compared with the Zacks Consensus Estimates and year-ago results. The company's leading position in the tax preparer market along with its strategic initiatives to grow its business by gaining and retaining customers augur well for long-term growth.The company's efforts to return more value to its shareholders as well as its strong scoring with the credit rating agencies will also help retain investor confidence in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


BofA Entangled In Lawsuit Again

Posted: 21 May 2012 09:18 AM PDT

On Friday, South Korea-based Woori Bank, a unit of Woori Finance Holdings Co. Ltd. (NYSE:WF), sued Merrill Lynch unit of Bank of America Corporation (NYSE:BAC). Woori’s complaint accuses the investment bank of creating and selling seven collateralized debt obligations (CDOs) that were made up of residential mortgage-backed securities in 2005 and 2006.
CDOs typically repackage bonds and other assets into new securities. These are not traded on a public exchange, and hence allow the firms like BofA to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


GOL Teams Up With Passaredo

Posted: 21 May 2012 08:54 AM PDT

Last week, GOL Linhas Aereas Inteligentes S.A. (NYSE:GOL) declared that it has signed a long-term agreement with Passaredo Linhas Aereas. This has been done with the clear intent of ameliorating regional operational efficiency with an eye to heightened customer satisfaction.
Passaredo will create and manage a regional network targeting medium and low-density markets which would conflate with GOL's routes. Destinations added to GOL's network would now include Araguaina, Alta Floresta, Pampulha … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Honda Launches Dream Yuga In India

Posted: 21 May 2012 08:54 AM PDT

Honda Motor Co. (NYSE:HMC) has launched the 110cc Dream Yuga in India, its cheapest motorbike ever. The move is trigged by the company's goal to double the revenues generated from motorcycles in India and to compete with the Hero MotoCorp. Limited.
The company will focus on the Indian market for the next 10 years with an expected increase in export to 150,000 motorbikes by 2013 from 111,000 bikes last year. The company expects 30% of revenues from motorcycles to be generated from India by 2020 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Kirkland’s Reports In-Line 1Q

Posted: 21 May 2012 08:35 AM PDT

Kirkland's Inc.'s(NASDAQ:KIRK) first quarter of fiscal 2012 earnings of 10 cents a share were in line with the Zacks Consensus Estimate. However, it fell well short of the year-ago quarter's earnings of 15 cents per share.
Quarterly earnings declined due to weaker margin on the back of high inflation in the economy.
Quarter in Detail
Kirkland's net sales went up 3.6% year over year to $97.8 million from $94.4 million in the year-ago quarter. Sales, however, missed Zacks Consensus Estimate of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Lowe’s Beats, Trims Outlook

Posted: 21 May 2012 08:35 AM PDT

Lowe's Companies Inc. (NYSE:LOW), the world's second-largest home improvement retailer, recently posted better-than-expected first-quarter 2012 results. The quarterly earnings of 44 cents a share beat the Zacks Consensus Estimate by a couple of cents and jumped 29.4% from 34 cents earned in the prior-year quarter on the back of top-line growth.
Including charges related to reduction in headcounts, the quarterly earnings came in at 43 cents a share, up 26.5% from the year-ago quarter.
However, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Cemig-GT-TAESA Contract

Posted: 21 May 2012 08:35 AM PDT

Brazil's integrated electric utility, Companhia Energetica de Minas Gerais(NYSE:CIG), also known as CEMIG and its two affiliated companies, Cemig Geração e Transmissão S.A. (Cemig GT) and Transmissora Alianca de Energia Electrica S.A., or TAESA, entered into a contract involving transfer of shareholding in some transmission companies.
As per the terms of the contract, TAESA will be paying roughly R$1.73 billion in exchange for the minority holding of six transmission companies held by Cemig … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Wall Street Rebounds After Worst Week In 2012

Posted: 21 May 2012 08:20 AM PDT

05/21/12 The Dow opened higher on cautious optimism that Euro zone leaders will manage the debt crisis. Facebook shares slid over 10%, tumbling below the IPO price of $38 a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Further Progress Made For DCVax-L Brain Cancer Clinical Trial

Posted: 21 May 2012 08:14 AM PDT

Further Progress Made For DCVax-L Brain Cancer Clinical Trial  
Grant Zeng, CFA

On May 17, 2012, Northwest Biotherapeutics (NWBO) announced that it already has 41 clinical trial sites open and recruiting across the United States in its ongoing clinical trial of DCVax-L immune therapy for Glioblastoma multiforme (GBM), the most lethal form of brain cancer.  

This is ahead of the Company's previous projection of 40 sites by the end of Q2, 2012.  The Company plans to continue … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Campbell Beats, Retains ’12 Outlook

Posted: 21 May 2012 08:14 AM PDT

High-quality foods and simple meals manufacturer Campbell Soup Company (NYSE:CPB) reported third-quarter 2012 adjusted earnings per share of 56 cents, surpassing the Zacks Consensus Estimate of 52 cents. However, the quarter's results witnessed a decline of 2% from the prior-year quarter.
During the quarter, net sales remained almost flat at $1,821 million compared with the prior-year quarter, beating the Zacks Consensus Estimate of $1,812 million. Benefit from 3% spike in price and sales … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Good News For Perrigo

Posted: 21 May 2012 08:14 AM PDT

Perrigo Company (NASDAQ:PRGO) recently received some good news when the U.S. Food and Drug Administration (FDA) cleared its generic version of Novartis' (NYSE:NVS) heart burn drug Prevacid. Approval was granted to treat patients suffering from frequent heartburn (two or more days in a week).
Perrigo launched the drug in the U.S.  following the receipt of final approval from the U.S.  regulatory body of the abbreviated new drug application (ANDA) filed by Perrigo seeking approval to market … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Natural Gas Surplus Shrinks

Posted: 21 May 2012 08:14 AM PDT

The U.S. Energy Department’s weekly inventory release showed a larger-than-expected increase in natural gas supplies, as mild temperatures in parts of the country have restricted the commodity's requirement for power burn. The injection – the ninth in 2012 – has added to already bloated inventories.
Gas stocks – currently some 40% above the benchmark five-year average levels – are at their highest point for this time of the year, reflecting low demand amid robust onshore output. This … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Euro Rebounds But Still Under Pressure

Posted: 21 May 2012 03:00 AM PDT

05/21/12 The euro rose Monday from 4-month low levels against the dollar but still remained under pressure on concerns over financial situations in Greece and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Positive Start For Global Stocks

Posted: 21 May 2012 01:00 AM PDT

05/21/12 US stock futures and global stocks traded higher Monday morning as gains in European markets helped ease some fears about contagion from … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


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