DailyMarkets.com - Hot Option Plays: Pressure On The Euro
DailyMarkets.com - Hot Option Plays: Pressure On The Euro |
- Hot Option Plays: Pressure On The Euro
- Shell And Allies Launch LNG Unit
- Capella Down To Underperform
- EQT Walks The Tightrope
- No. 1 Barrier To Small Business Success? Not High Taxes, But Excessive Regulation And Licensing
- Costa: “Today’s Gains Based On Housing”
- AutoZone Beats By A Penny
- Polo Ralph Lauren Beats, Guides
- Dendreon Presents Provenge Data
- Best Buy Beats Estimates
- Cable MSOs Opt For Wi-Fi Sharing
- Medtronic Posts Mixed Numbers
- ONEOK Unit Files For A Rate Hike
- Eaton Buys Cooper, Forms New Entity
- Conmed Launches New Products
- Frisch’s Seals Golden Corral Sale
- Central Bank News Link List – 22 May 2012
- Iran Accepts Inspection, Dashing The Hopes Of Crude Bulls
- JPMorgan Halts Share Buyback
- InterMune To Sell Actimmune Rights
- Stock Market News Briefs: Brown Shoe Company, Cooper Industries, Ltd., Campbell Soup Company, Eaton, Lowe’s Companies
- Humana Lowers EPS Outlook
- Global News To Hold Down Bounce?
- Auxilium-Glaxo To Drive Testim Sales
- Earnings Preview: Patterson Co
- GATX Upped To Outperform
- Weingarten Inks Deal With Arhaus
- STAG Industrial To Offer Shares
- Medivation Files Enzalutamide NDA
- Beacon To Buy Cassady Pierce
- Bag Tag Solution By Unisys
- WPP On An Acquisition Spree
- WellPoint
- US Dollar Gains Amid Euro Debt Crisis; Yen Underperforms On Ratings Cut
- Farewell To James Parthemos (Richmond Fed Research Director)
- US Stocks Lifted By Existing Home Sales
- Slight Rebound For Oil
- Euro Rebound Stalls
- Home Prices Increase In April By 10.1%, The Largest Yearly Gain In More Than Six Years
- Gold, Silver And The Miners Bottoming While Facebook Is Busting
- America’s Market-Driven Energy Revolution
- Global Stocks Rise Again
| Hot Option Plays: Pressure On The Euro Posted: 22 May 2012 11:49 AM PDT Cusick’s Corner 05-22-2012
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| Shell And Allies Launch LNG Unit Posted: 22 May 2012 11:23 AM PDT European oil biggie Royal Dutch Shell Plc (RDS.A) along with Asian partners – Japanese energy giant Mitsubishi Corporation, state-controlled China National Petroleum Corporation and Korea Gas Corporation – officially launched the liquefied natural gas (LNG) terminal project in Western Canada, near Kitimat, British Columbia.
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| Posted: 22 May 2012 11:23 AM PDT We have downgraded our rating on Capella Education Company (NASDAQ:CPLA) from Neutral to Underperform on a weak outlook for the year.
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| Posted: 22 May 2012 11:07 AM PDT We maintain our Neutral recommendation on EQT Corporation (NYSE:EQT), an integrated energy company with an emphasis on natural gas supply activities in the Appalachian area.
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| No. 1 Barrier To Small Business Success? Not High Taxes, But Excessive Regulation And Licensing Posted: 22 May 2012 11:05 AM PDT This week is National Small Business Week, described as a time to celebrate the special impact made by outstanding American entrepreneurs and small business owners, according the event’s sponsor, the Small Business Administration. So it’s a good time to ask the question, What’s the biggest barrier that small business owners face that prevents them from expanding, investing, hiring more workers, and becoming more successful? Taxes? Well, it turns out that small-business owners place … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Costa: “Today’s Gains Based On Housing” Posted: 22 May 2012 11:00 AM PDT 05/22/12 Empire Executions’ Peter Costa talks about today’s modest gains for the US equity averages, and expectations for Wednesday’s informal meeting of EU leaders. Technical levels for the S&P 500 are also … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 22 May 2012 10:48 AM PDT AutoZone Inc. (NYSE:AZO) posted an 18.7% rise in earnings per share to $6.28 in the third quarter of fiscal 2012 ended May 5, 2012 from $5.29 in the third quarter of fiscal 2011. With this, it exceeded the Zacks Consensus Estimate by a penny. In absolute terms, profits were $248.6 million in the reported quarter, up 9.3% compared with $227.4 million in the year-ago quarter.
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| Polo Ralph Lauren Beats, Guides Posted: 22 May 2012 10:48 AM PDT Polo Ralph Lauren Corp. (NYSE:RL) reported fourth-quarter fiscal 2012 earnings per share of 99 cents, beating the Zacks Consensus Estimate of 85 cents per share. Quarterly earnings also witnessed a 33.8% growth from 74 cents earned in the year-ago period. The robust bottom-line performance was primarily driven by solid top-line growth, a lower tax rate and reduced number of shares outstanding.
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| Dendreon Presents Provenge Data Posted: 22 May 2012 10:48 AM PDT Dendreon Corporation (NASDAQ:DNDN) recently announced the presentation of Provenge (sipuleucel-T) data at the American Urological Association (AUA) annual meeting.
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| Posted: 22 May 2012 10:48 AM PDT Best Buy Company Inc. (NYSE:BBY), the leading specialty retailer of consumer electronic products, recently posted better-than-expected first-quarter 2013 results. The quarterly earnings of 72 cents a share handily surpassed the Zacks Consensus Estimate of 59 cents and increased 11% from 65 cents earned in the prior-year quarter.
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| Cable MSOs Opt For Wi-Fi Sharing Posted: 22 May 2012 10:48 AM PDT In a major move to counter competitive threat from telecom service providers and other online video streaming providers, the five largest cable operators in the U.S., including Comcast Corp. (NASDAQ:CMCSA), Time Warner Cable Inc. (NYSE:TWC), Cablevision Systems Corp. (NYSE:CVC), Cox Communications Inc., and Bright House Networks LLC have entered into an agreement for free Wi-Fi platform sharing.
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| Posted: 22 May 2012 10:48 AM PDT Medtronic Inc. (NYSE:MDT) reported fourth quarter fiscal 2012 earnings per share (EPS) of 94 cents, up 31% year over year. However, adjusted EPS during the quarter came in at 99 cents, 10% above the year-ago period and a penny ahead of the Zacks Consensus Estimate. For the full year, adjusted EPS of $3.46 increased 3% year over year and met the Zacks Consensus Estimate.
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| ONEOK Unit Files For A Rate Hike Posted: 22 May 2012 10:48 AM PDT ONEOK, Inc.'s (NYSE:OKE) subsidiary, Kansas Gas Service has filed for a rate increase with the Kansas Corporation Commission ("KCC") to recover the investments made by the company to develop its natural gas pipeline infrastructure and facilities. The rate hike, if approved by the KCC, is expected to increase the company's revenue by $32.7 million, which includes a base rate hike of $50.7 million and $18 million decrease in amounts currently recovered through surcharges.
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| Eaton Buys Cooper, Forms New Entity Posted: 22 May 2012 10:48 AM PDT Eaton Corporation (NYSE:ETN) is set to acquire Irish electrical equipment supplier Cooper Industries plc. (NYSE:CBE). Both the companies have already signed a definitive agreement related to the proposed acquisition. The total equity value of this transaction is estimated at $11.8 billion.
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| Posted: 22 May 2012 10:48 AM PDT Surgical devices and technology provider Conmed Corporation (NASDAQ:CNMD) announced the launch of six new medical products by Conmed Endoscopic Technologies business unit. The enhanced product portfolio will include needles, systems and other surgical devices related to endoscopy.
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| Frisch’s Seals Golden Corral Sale Posted: 22 May 2012 10:48 AM PDT Frisch’s Restaurants Inc. (FRS) finally completed the divesture of all its Golden Corral operations in Ohio, Indiana, Kentucky, West Virginia and Pennsylvania. In March this year, the company inked an asset purchase agreement with NRD Holdings LLC for the sale of 29 Golden Corral restaurants. With this sale, Frisch’s added to its kitty $49.8 million, prior to adjustments for the proration of real estate and personal property taxes, total inventory amounts, and other closing … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Central Bank News Link List – 22 May 2012 Posted: 22 May 2012 10:43 AM PDT Here’s today’s Central Bank News link list, click through if you missed the previous central bank news link list. Remember, if you want to submit links for inclusion in the daily link list, just email them through to us or post them in the comments section below. Monetary Policy Week in Review (Central Bank News)
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| Iran Accepts Inspection, Dashing The Hopes Of Crude Bulls Posted: 22 May 2012 09:59 AM PDT Tuesday, May 22, 2012
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| Posted: 22 May 2012 09:23 AM PDT In a surprising turn of events, JPMorgan Chase & Co.'s (NYSE:JPM) CEO announced the suspension of the company's $15 billion share repurchase program. The announcement was made at the Deutsche Bank Securities Global Financial Services Investor Conference in New York on Monday.
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| InterMune To Sell Actimmune Rights Posted: 22 May 2012 09:08 AM PDT InterMune Inc. (ITMN) recently announced that it has entered into an agreement with Vidara Therapeutics International Limited for the sale of its rights to Actimmune for $55 million plus royalties. Vidara is a part of an international group of companies operating in the U.S. and Ireland.
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| Posted: 22 May 2012 09:08 AM PDT Shares of Facebook, Inc. (FB) declined 11% as a result of an aggressive IPO price, the large volume of shares offered and worries about its slow revenue growth Cooper Industries plc (NYSE:CBE) rose 25.1% after it agreed to be purchased by Eaton Corporation (NYSE:ETN) in a cash-and-stock deal amounting to $11.8 billion Lowe’s Companies, Inc. (NYSE:LOW) posted first quarter earnings per share of $0.44, surpassing the Zacks Consensus … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 22 May 2012 09:08 AM PDT On Monday, Humana Inc. (NYSE:HUM) reduced its earnings per share (EPS) guidance for 2012 to $7.38–$7.58 from its earlier forecast of $7.55–$7.75. The downward revision resulted from a $45 million litigation expense incurred by the company's military division – Humana Military Healthcare Services Inc.
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| Global News To Hold Down Bounce? Posted: 22 May 2012 09:08 AM PDT A rating downgrade of Japan and growth warning for Europe provide the backdrop for today's action, likely forestalling carry-over of Monday's positive momentum. We should keep in mind, though, that Monday's bounce followed almost two weeks of persistence negative performance and is not by any means reflective of a trend reversal. The issues that have been weighing on the market lately are still very much with us and not going away anytime soon. The OECD's growth warning for Europe, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Auxilium-Glaxo To Drive Testim Sales Posted: 22 May 2012 09:08 AM PDT Specialty biopharmaceutical company, Auxilium Pharmaceuticals, Inc. (NASDAQ:AUXL) recently entered into a co-promotion agreement with GlaxoSmithKline plc's (NYSE:GSK) U.S. subsidiary, GlaxoSmithKline LLC. The companies signed an agreement for the co-promotion of Auxilium Pharma's Testim (1% testosterone), which is approved for the treatment of hypogonadism or low testosterone level.
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| Earnings Preview: Patterson Co Posted: 22 May 2012 09:08 AM PDT Patterson Companies (NASDAQ:PDCO), a leading distributor of dental, veterinarian and rehabilitation medical supplies, is slated to report its fourth-quarter fiscal 2012 results before trading begins on Thursday, May 24. Analysts polled by Zacks are currently expecting revenues and earnings per share of $914 million and 57 cents, respectively, for the quarter and $3,510 million and $1.91, respectively, for the fiscal.
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| Posted: 22 May 2012 09:08 AM PDT GATX Corporation's (NYSE:GMT) first quarter adjusted earnings were impressive, with year-over-year improvements on higher lease rates. Moreover, increased asset utilization through the reduction of idle rail cars and deployment of new rail cars will be accretive to the company's long-term growth given the growing rail freight market. Further, GATX enjoys a healthy balance sheet and is committed to enhance shareholders' value through strong dividend payments. Consequently, we upgraded our … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Weingarten Inks Deal With Arhaus Posted: 22 May 2012 09:08 AM PDT Weingarten Realty Investors (WRI), a real estate investment trust (REIT), recently signed an agreement with Arhaus Furniture to lease a space in Post Oak in Houston, Texas. The financial terms of the agreement were not divulged.
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| STAG Industrial To Offer Shares Posted: 22 May 2012 09:08 AM PDT STAG Industrial, Inc. (STAG), a real estate investment trust (REIT), has recently announced its decision to offer 7.3 million shares to enhance its liquidity. The company also decidedto grant the underwriters a 30-day option to purchase up to an additional 1.1 million shares to cover the over-allotment options.
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| Medivation Files Enzalutamide NDA Posted: 22 May 2012 09:08 AM PDT Medivation, Inc. (NASDAQ:MDVN) and partner, Astellas Pharma Inc., recently submitted a new drug application (NDA) with the U.S. Food and Drug Administration (FDA) for their prostate cancer candidate, enzalutamide. The companies have evaluated enzalutamide in castration-resistant prostate cancer patients who have received docetaxel therapy.
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| Posted: 22 May 2012 09:08 AM PDT In line with its acquisition strategy, Beacon Roofing Supply, Inc. (NASDAQ:BECN) has inked a deal to acquire leading wholesale distributor Cassady Pierce Company ("Cassady Pierce"). The terms of the deal were undisclosed. The transaction is expected to close on May 31, 2012.
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| Posted: 22 May 2012 09:08 AM PDT Earlier this week, Unisys Corporation (NYSE:UIS) declared that after three months of hard work, it has finally launched the first ever home-printed baggage tag solutions at Billund Airport in Denmark for international passengers. The solution is designed to render the passenger check-in process simpler and more convenient.
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| Posted: 22 May 2012 09:08 AM PDT Ireland-based advertising agency WPP Group Plc. (NASDAQ:WPPGY) recently penned a contract to acquire stake in a Myanmar based advertising firm, Today Advertising Corporation. The acquisition will be given effect through the company's wholly-owned global advertising and communications entity, Ogilvy & Mather. The financial terms of the agreement were not disclosed.
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| Posted: 22 May 2012 09:08 AM PDT WellPoint Inc. (NYSE:WLP) entered into an affiliation with FitOrbit, Inc., in order to provide a wide array of health and wellness solutions to their clients. The company, with an intention of helping clients to better manage their health care cost, chose FitOrbit, which offers round-the-clock virtual services and support to consumers.
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| US Dollar Gains Amid Euro Debt Crisis; Yen Underperforms On Ratings Cut Posted: 22 May 2012 09:01 AM PDT Fundamental Headlines
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| Farewell To James Parthemos (Richmond Fed Research Director) Posted: 22 May 2012 08:43 AM PDT I learned today that Jim Parthemos has passed away, at age 92. The world has lost a good man.
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| US Stocks Lifted By Existing Home Sales Posted: 22 May 2012 08:30 AM PDT 05/22/12 After a mixed open, equities turned higher on better-than-expected existing home sales. Facebook extended losses on its third day as a public … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 22 May 2012 03:00 AM PDT 05/22/12 Front month crude oil prices saw a slight lift this morning on expectations of improved … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 22 May 2012 03:00 AM PDT 05/22/12 Investors skeptical of progress during the upcoming meeting of European leaders and lingering concerns over the financial health of Greece and Spain kept the euro from posting further … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Home Prices Increase In April By 10.1%, The Largest Yearly Gain In More Than Six Years Posted: 22 May 2012 07:53 AM PDT The National Association of Realtors (NAR) reported today on existing-home sales in April with the following highlights: 1. Total existing-home sales (single-family homes, townhomes, condominiums and co-ops) increased 3.4 percent to a seasonally adjusted annual rate of 4.62 million in April from a downwardly revised 4.47 million in March. 2. April home sales this year of 4.62 million were 10% higher than the 4.20 million units in April 2011. 3. The national median existing-home price … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Gold, Silver And The Miners Bottoming While Facebook Is Busting Posted: 22 May 2012 07:40 AM PDT We are witnessing a few cautionary signs that indicate a radically overbought U.S. equity and bond market. Stealthily, the precious metals, and mining equities are bottoming. The strong uptrend in the equity markets since October of 2011 has caused many investors to join the herd in the latest investment fad entitled, "Social Media".
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| America’s Market-Driven Energy Revolution Posted: 22 May 2012 06:49 AM PDT While Washington squabbled over energy policy, the markets moved us toward cheap, plentiful energy. Joel Kurtzman has an excellent editorial in today’s WSJ about how market prices and technology, more than government policy, are driving the U.S. boom in oil and natural gas production. “Those who doubt that market forces still have the power to transform the world aren’t paying attention to America’s revitalized energy sector. Four years ago, oil prices climbed to about $145 a barrel … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 22 May 2012 01:00 AM PDT 05/22/12 Global stocks gained for a second consecutive morning on speculation European leaders will join China in stepping up efforts to support global … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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