Wednesday, May 23, 2012

DailyMarkets.com - Lilly’s GLP-1 Agonist Delivers

DailyMarkets.com - Lilly’s GLP-1 Agonist Delivers

Lilly’s GLP-1 Agonist Delivers

Posted: 23 May 2012 04:12 PM PDT

Eli Lilly and Company (NYSE:LLY) recently presented positive phase II data on its type II diabetes candidate, dulaglutide. The company said that dulaglutide met its primary endpoint in the study. Dulaglutide is a glucagon-like peptide 1 (GLP-1) analog which is being developed for the once-weekly treatment of type II diabetes.
Results from the phase II, randomized, double-blind, placebo-controlled, 26-week, parallel study showed that dulaglutide achieved non-inferiority after 16 weeks for mean … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

MarkWest Upgraded To Outperform

Posted: 23 May 2012 04:12 PM PDT

We have upgraded pipeline operator MarkWest Energy Partners L.P. (NYSE:MWE) to Outperform from Neutral, reflecting our bullish investment theme.
Denver, Colorado-based MarkWest Energy is a master limited partnership (MLP) engaged in the gathering, processing and transmission of natural gas, transportation, fractionation and storage of natural gas liquids (NGLs), and the gathering and transportation of crude oil.
MarkWest owns a high-quality and diverse portfolio of midstream assets that generate … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Diablo 3 Sets PC Game Launch Record

Posted: 23 May 2012 03:58 PM PDT

05/23/12 Diablo III sales topped 3.5 million copies within the first 24 hours of its launch. The third game in the series finally hit PCs with a few bumps, but the RPG is popular as … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Statoil In Drilling Deals For NCS

Posted: 23 May 2012 03:53 PM PDT

Statoil ASA (NYSE:STO) has awarded new drilling service contracts on several fixed installations on the Norwegian Continental Shelf (NCS). The contracts are worth NOK 30 billion (US$5.03 billion) and are believed to be the biggest awarded by Statoil on the NCS since 2010.
Drilling service contractors operating offshore Norway, namely KCA DEUTAG, Odfjell Drilling and Archer have received the tender for drilling new wells, plugging old wells as well as workover and maintenance of drilling facilities … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Waste Management Poised At Neutral

Posted: 23 May 2012 03:52 PM PDT

We maintain our Neutral recommendation on Waste Management Inc. (NYSE:WM). The quantitative Zacks #3 Rank (short-term Hold rating) for the company indicates no clear directional pressure on the shares over the near term.
Waste Management's earnings per share dropped a cent to 38 cents missing the Zacks Consensus Estimate of 40 cents. Revenues increased 6% to $3.395 billion from $3.103 billion in the year-ago quarter. The top line was marginally ahead of the Zacks Consensus Estimate
Waste … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

ArcelorMittal Stays Underperform

Posted: 23 May 2012 03:38 PM PDT

We are maintaining our Underperform recommendation on the shares of ArcelorMittal (NYSE:MT) for the long-term following our assessment of its first-quarter 2012 results. Quarterly earnings missed the Zacks Consensus Estimate while revenues beat the forecast.
The company's net debt climbed roughly $1.1 billion in the quarter. ArcelorMittal has substantial debt, which makes it more difficult to refinance its maturing debt and flexibly manage its business.
The company expects steel shipments in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

DIRECTV Remains Neutral

Posted: 23 May 2012 03:38 PM PDT

We reaffirm our long-term Neutral recommendation on DIRECTV Inc. (NASDAQ:DTV). In the previous quarter, the company generated a record high net customer addition in Latin America, increased ARPU in the U.S., and accounted for a higher operating profit margin.
Despite these positives, we are very much concerned about the slowing growth of the company's core U.S. market, especially when the U.S. pay-TV industry as a whole performed much better in the previous quarter. Management cited a volatile … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Global Data And Europe To Be Monitored

Posted: 23 May 2012 03:20 PM PDT

05/23/12 Developments out from Europe will continue to be closely monitored. US jobless claims and durable goods orders will be closely watched on Thursday … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Autoliv Remains Neutral

Posted: 23 May 2012 03:03 PM PDT

We have reiterated our Neutral recommendation on Autoliv Inc. (NYSE:ALV) for the long-term as the company maintains a stable market share globally, supported by the increasing importance of vehicle safety needs. However, we are concerned about significant customer concentration risks faced by the company.
The company recorded a 45% fall in profits to $100.5 million or $1.07 per share in the first quarter of 2012 from $181.5 million or $1.93 in the corresponding quarter of the prior year. It missed … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

DaVita To Buy HealthCare Partners

Posted: 23 May 2012 03:03 PM PDT

Earlier this week, DaVita Inc. (NYSE:DVA) announced that it has entered into an agreement to purchase HealthCare Partners, one of the largest operators of medical groups and physician networks in the U.S., for about $4.42 billion. The transaction amount comprises $3.66 billion in cash and about 9.38 million shares of DaVita.              
However, the purchase consideration is subject to post-close adjustments and contingent … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

VMware To Buy Wanova

Posted: 23 May 2012 03:02 PM PDT

In a bid to strengthen its desktop virtualization segment, VMware Inc. (NYSE:VMW) is set to acquire Wanova Inc., a cloud-based desktop virtualization solutions provider. The financial details of the deal were not available.
Privately-held Wanova Inc. has its headquarters in Silicon Valley, California, and has a research facility in Netanya, Israel. The Wanova acquisition will expand VMware's end-user computing product portfolio. With the combination of Wanova's Mirage and VMware's View, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Spectra NJ-NY Plan Wins Approval

Posted: 23 May 2012 03:02 PM PDT

Spectra Energy Corp. (NYSE:SE) has won approval from the US Federal Energy Regulatory Commission (FERC) for its proposed New Jersey-New York pipeline project. This will be the first-ever major natural gas pipeline linking the two cities.
This approval will expand Spectra's existing Texas Eastern Transmission and Algonquin Gas Transmission pipeline systems and will connect New York with the neighboring New Jersey. This 20-mile (32-km) line will emanate from prolific shale deposits in Pennsylvania … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: Late Day Squeeze

Posted: 23 May 2012 02:52 PM PDT

Cusick’s Corner 05-23-2012
One of my associates characterized today as, “dramatically unchanged” (thanks Alex) and he is right, the equities and commodities bounced, and the Dollar and the Bonds crawled back from the highs. The weak shorts were squeezed, the longs fought hard to hold 1300 in the S&Ps, but have some overhead resistance at the 1320 level. It will be interesting to see if the shorts in Metals come in overnight and early in the morning session after a decent bounce in Silver, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Lorillard Downgraded To Neutral

Posted: 23 May 2012 02:38 PM PDT

We have downgraded our rating on Lorillard, Inc. (NYSE:LO) from Outperform to Neutral on a weaker than expected first quarter 2012 results.
Lorillard's first quarter 2012 earnings of $1.74 per share lagged the Zacks Consensus Estimate of $1.99 per share due to top-line and margin decline. However, the first quarter earnings surpassed the prior-year quarter earnings of $1.71 per share.
Quarterly revenues declined 0.6% year over year to $1.526 billion, but exceeded the Zacks Consensus Estimate of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Lorillard Downgraded To Neutral

Posted: 23 May 2012 02:38 PM PDT

We have downgraded our rating on Lorillard, Inc. (NYSE:LO) from Outperform to Neutral on a weaker than expected first quarter 2012 results.
Lorillard's first quarter 2012 earnings of $1.74 per share lagged the Zacks Consensus Estimate of $1.99 per share due to top-line and margin decline. However, the first quarter earnings surpassed the prior-year quarter earnings of $1.71 per share.
Quarterly revenues declined 0.6% year over year to $1.526 billion, but exceeded the Zacks Consensus Estimate of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Omnicom Stays Neutral

Posted: 23 May 2012 02:38 PM PDT

We are maintaining a Neutral recommendation on Omnicom Group Inc. (NYSE:OMC).
We are optimistic on the company's strong operational performance, primarily driven by the positive outcomes in the developing markets across Asia and Latin America. Moreover, performances in advertising, media and sports businesses in the UK and US market look stable despite facing several obstacles in the European market.
Omnicom continues to focus on strengthening its potential and expanding client base globally … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Ford Regains Blue Oval

Posted: 23 May 2012 02:38 PM PDT

Ford Motor Co. (NYSE:F) must be celebrating as it regained its investment-grade ratings from two agencies, including Moody's recently, and got its iconic blue oval back following the release of all the assets pledged while securing the $23.5 billion loan in 2006 for its turnaround plan.
Moody's rating agency, controlled by Moody's Corp. (NYSE:MCO), raised the senior unsecured ratings of Ford to Baa3 from Ba2 and of Ford Credit, its financial arm, to Baa3 from Ba1, as well as dropped its … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Skyworks Upgraded To Outperform

Posted: 23 May 2012 02:38 PM PDT

We recently upgraded our recommendation on Skyworks Solutions Inc. (NASDAQ:SWKS) to Outperform from Neutral.
Skyworks continues to weather the turbulent economic conditions well. The company has strategically positioned itself as a diversified company, and continues to capitalize on three business segments − mobile Internet, vertical markets and analog components. The global megatrends of mobile computing and ubiquitous connectivity continue to be growth engines for Skyworks.
The colossal demand … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

LTC Buys Land To Develop Facility

Posted: 23 May 2012 02:38 PM PDT

LTC Properties Inc. (NYSE:LTC), a healthcare real estate investment trust (REIT), has recently acquired a 3.16 acre vacant land parcel in Colorado from an undisclosed seller for $1.9 million. The company has also entered in to a commitment to the tune of approximately $7.9 million to fund the construction of the property.
LTC Properties intends to construct a 60-unit free-standing, private-pay memory care facility on the acquired site. The new facility is scheduled to be completed within August … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

New Trading Platform For CME

Posted: 23 May 2012 02:38 PM PDT

In an attempt to facilitate trading of exchange-listed stock futures and over-the-counter ("OTC") energy products on a single platform, Chicago Mercantile Exchange Group (NASDAQ:CME) launched a new service called CME Direct. The brokers will not have to switch between the exchange’s Globex and Clearport systems as the new technology will allow them to handle customer accounts on one platform.
CME Direct will enhance client's exposure to the market as well as offer increased access to global … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

ConAgra Acquisition Spree Continues

Posted: 23 May 2012 02:38 PM PDT

ConAgra Foods Inc. (NYSE:CAG) has been assiduously expanding its store-brand food business portfolio over time despite facing ongoing difficult macro-economic situations. Acquisition of a number of private labels paved the way for such expansion; the latest on its list being Kangaroo Brands, a well-known manufacturer of pita bread and frozen sandwiches.
Post acquisition, the manufacturing unit of Kangaroo's pita chip business based in Milwaukee, WI. will be integrated with ConAgra's food … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Thursday’s Stocks To Watch, May 24 2012

Posted: 23 May 2012 02:27 PM PDT

( click to enlarge )

From $2.4 to $11.47 in six days. I posted ROSG for my readers and twice for my twitter followers. Today the stock rose more than 51% hitting a high of $11.47. Congratulations to those locking in some profits on this stock. I sold for a gain of 28% in 3 days’ time.

 ( click to enlarge )

Apple Inc. (NASDAQ:AAPL) is in a good short-term uptrend. The price has bounced off the low of $522 touched on Friday. If you have purchased at lower levels and are sitting on meaningful … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Analog Sees End Market Recovery

Posted: 23 May 2012 02:18 PM PDT

Analog Devices' (NYSE:ADI) fiscal second quarter earnings beat the Zacks Consensus Estimate by a couple of cents. Revenue exceeded the consensus by 1.4%.
Revenue
Analog Devices generated revenue of $675.1 million, which was up 4.2% sequentially, down 14.6% year over year and just over management's revenue guidance range of $655-$675 million (a 1-4% sequential increase).
Revenue by End Market
The industrial market generated 48% of Analog Devices' total revenue (up 11.8% sequentially and down … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Abaxis Remains Neutral

Posted: 23 May 2012 02:18 PM PDT

We recently reiterated our Neutral recommendation on Abaxis Inc. (NASDAQ:ABAX) based on its dependency on distributors which makes it difficult to establish a steady distribution network overseas.
The veterinary market is a major contributor to the company's top-line growth. Abaxis sustained this trend and once again reported strong results in the quarter (up 19% year over year). North American veterinary sales were up 17%.
Alongside, the company's new full-service laboratory testing facility, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Donnelley Buys Edgar Online

Posted: 23 May 2012 02:18 PM PDT

Printing major R.R. Donnelley & Sons Company (NYSE:RRD) recently announced that it has entered into a definitive agreement to acquire Edgar Online Inc. (NASDAQ:EDGR) for approximately $70.5 million. Following the news of the acquisition, Edgar Online shares shot up 50% to close at $1.08 on May 22, 2012.
Donnelley expects to make the payment through a combination of $1.092 per share in cash, including Edgar Online's debt amounting to $1.7 million as of March 31, 2012 and an amount equal to the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Accenture, Salesforce Extend Ties

Posted: 23 May 2012 02:18 PM PDT

Information technology (IT) services provider Accenture plc (NYSE:ACN) is set to strengthen its long-standing business relationship with the ace cloud vendor Salesforce.com Inc. (NYSE:CRM). In an attempt to expand its breadth of cloud offerings (which will be developed by Salesforce) via its global delivery network, Accenture recently announced that it will open new Cloud Centers of Excellence across the U.S. and U.K.
The relationship between Accenture and Salesforce goes way back to 2004, when the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Principal Approves $200M Buyback

Posted: 23 May 2012 02:18 PM PDT

With the objective of further enhancing shareholders value, the Board of Directors of Principal Financial Group Inc. (NYSE:PFG) approved a new share buyback program. The new program authorizes the company to buy back up to $200 million worth shares.
The new authorization not only establishes Principal's continued focus on returning more value to shareholders but also emphasizes on the inherent strength of its liquidity. Principal Financial,on the back of its operational strength, continues to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Amdocs Inks Tata Communication Deal

Posted: 23 May 2012 02:18 PM PDT

Amdocs Limited (NYSE:DOX), the leading customer experience systems and service provider, announced that network giant Tata Communication Limited (NYSE:TCL) has tapped Amdocs resource manager – a segment of Amdocs – to consolidate its worldwide network inventory and to help the India-based company get a global view of its network resources.
We believe that this deal will facilitate Tata Communications to provide improved services to its four thousand enterprise customers.
The deal will help Tata … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stocks See A Late Recovery, Euro Tanks Again

Posted: 23 May 2012 02:00 PM PDT

05/23/12 Stocks reversed steep losses to finish the day flat but European the euro tumbled to fresh annual lows amid growing talk of a potential Greek exit from the euro … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Universal Truth

Posted: 23 May 2012 01:49 PM PDT

Everybody’s against protectionism –
“China Slams US Over ‘Protectionist’ Solar Cell Duties” (Agence France-Presse)
BEIJING — Beijing on Friday blasted a “protectionist” US decision to slap hefty anti-dumping duties on Chinese solar cell makers, the latest barb in a series of trade rows between the global economic powers.
The US Commerce Department on Thursday imposed levies of between 31 and 250 percent on Chinese producers and exporters after saying it had found they sold solar cells in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Perrigo’s Generic Portfolio Boosted

Posted: 23 May 2012 01:38 PM PDT

Good news flowed in at  Perrigo Company (NASDAQ:PRGO) when the U.S. Food and Drug Administration (FDA) cleared its generic version of KV Pharmaceutical Company's vaginal cream Gynazole·1. Final approval was granted by the U.S. regulatory body for the local treatment of vulvovaginal candidiasis.
Apart from gaining FDA approval to sell its generic version of the product, Perrigo also enjoys a six month marketing exclusivity period regarding Gynazole·1 since it was the first company to file an … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

FLIR’s New Contract

Posted: 23 May 2012 01:38 PM PDT

FLIR Systems Inc. (NASDAQ:FLIR) received a $38 million indefinite delivery and quantity contract from the U.S. Army to support its MEDEVAC program. The contract involves supply of spare components for Star SAFIRE® II stabilized multi-sensor systems installed on the Army’s fielded MEDEVAC Blackhawk helicopters.
All deliveries under the contract are expected to be made within five years, with the first one worth $1.7 million already been done. The contract will be executed from FLIR’s facility in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Magna Upgraded To Outperform

Posted: 23 May 2012 01:38 PM PDT

We have upgraded our long-term recommendation on Magna International Inc. (NYSE:MGA) to Outperform from Neutral. The company is likely to reap benefits from the new emission standard in the U.S., which will boost demand for new auto parts and other components.
The company's first quarter 2012 earnings per share of $1.46, surpassed the Zacks Consensus Estimate and a year-ago earnings of $1.30 by 12%. The earnings escalated owing to higher production and sales volumes along with profits generated … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Still Neutral On Leggett

Posted: 23 May 2012 01:38 PM PDT

We maintain our long-term Neutral recommendation on Leggett & Platt Inc. (NYSE:LEG), the manufacturer of diversified engineered products and components, with a target price of $21 per share.
Our recommendation is mainly based on the company's raised fiscal 2012 expectations, its strategy to optimize capital allocation and increased focus on core businesses that bodes well for future operating performance. However, these were offset by the scenario of intense competition from global and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Onyx/Bayer’s Nexavar Disappoints

Posted: 23 May 2012 01:38 PM PDT

Bayer AG (BAYRY) recently announced that a phase III trial of Nexavar (sorafenib), co-developed and marketed with Onyx Pharmaceuticals Inc. (NASDAQ:ONXX), failed to meet the primary endpoint.
The MISSION (Monotherapy administration of Sorafenib in patients with non-small cell lung cancer) trial was designed to evaluate Nexavar plus best supportive care versus placebo plus best supportive care in treatment-experienced patients with advanced relapsed or refractory non-squamous non-small cell lung … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Angio Completes Key Acquisition

Posted: 23 May 2012 01:37 PM PDT

As a concern which works towards innovation and manufacture of medical devices for minimally invasive procedures, AngioDynamics (NASDAQ:ANGO) has completed its previously announced acquisition of Navilyst Medical. The cash and stock deal was worth $355 million on the basis of  Navilyst Medical's closing price of $12.44 on May 21, 2012.
the management believes that the company will increase proficiency and competitiveness on the basis of economies of scale, post-acquisition. The enhanced … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

More Evidence That We’ve Past A Housing Bottom

Posted: 23 May 2012 01:32 PM PDT

There are more signs that the real estate market is stabilizing from the FHFA monthly house price index (HPI), which is calculated based on home sales price information from conforming Fannie Mae and Freddie Mac mortgages.  As Brian Wesbury et al. point out today, the HPI increased by 2.9% in March compared to a year earlier, which was the largest annual increase since November 2006, and the second straight month showing an annual increase following 54 consecutive monthly decreases in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Facebook Faces New Challenges

Posted: 23 May 2012 01:30 PM PDT

05/23/2012 Facebook shares posted a gain on its fourth day as a public company. The social networking giant continues to face legal challenges after its market debut. Meanwhile, global anticipation mounts for the next-gen Samsung Galaxy … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

TOTAL Remains Neutral

Posted: 23 May 2012 12:48 PM PDT

We reiterate our Neutral recommendation on integrated oil and gas company TOTAL S.A. (NYSE:TOT) as the gas leak in the Elgin platform in the UK North Sea raised doubts regarding the safety and reliability of TOTAL's operations.
TOTAL has one of the best production growth profiles among the oil super majors, and continues to move ahead with its aggressive drilling strategy spread across the globe. The company has earmarked $2.5 billion for exploration in 2012 alone. Besides, a low exposure to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

FINRA Cracks Down On Citi Over RMBS

Posted: 23 May 2012 12:48 PM PDT

The Financial Industry Regulatory Authority (FINRA) has cracked down on Citigroup Global Market, a unit of Citigroup Inc. (NYSE:C) and imposed a fine of $3.5 million for allegedly offering inaccurate information related to subprime residential mortgage-backed securitizations (RMBS). The company was also accused of lacking supervisory procedures as well as violating other norms related to RMBS.
The Allegations
FINRA has accused Citi of providing inaccurate performance data related to three RMBS … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

WCRX, Watson Pharma In Legal Tussle

Posted: 23 May 2012 12:48 PM PDT

Watson Pharmaceuticals, Inc. (NYSE:WPI) recently announced that it has filed an abbreviated new drug application (ANDA) with the U.S. Food and Drug Administration (FDA) seeking approval to market its generic version of Warner Chilcott's (NASDAQ:WCRX) Lo Loestrin FE. Approval has been sought to market the generic version of the drug for the prevention of pregnancy.
In response, Warner Chilcott filed a suit against Watson Pharma in an U.S. District Court, to prevent the latter from selling its generic … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Heinz

Posted: 23 May 2012 12:27 PM PDT

Packaged foodmaker, H. J. Heinz Company (NYSE:HNZ) is all set to unveil its fourth quarter and full year 2012 results on May 24, 2012. The Zacks Consensus Estimate for the fourth quarter is 79 cents (estimated year-over-year improvement of 11.3%) on revenues of $3.07 billion (year-over-year increase of 6.2%).
For the full year, the Zacks Consensus Estimate is $3.33 (estimated year-over-year improvement of 8.1 %) on revenues of $11.66 billion (year-over-year increase of 8.9%).
Third Quarter 2012 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Rent-A-Center To Open Store

Posted: 23 May 2012 12:08 PM PDT

Rent-A-Center Inc. (NASDAQ:RCII), in an attempt to expand its operational roots in the state of Pennsylvania, announced the opening of a new store in Wind Gap. The new store will provide the residents of the region an additional avenue to own luxury furnishings, electrical devices, electronics and computers and will feature brands like HP, Ashley, Sony, Serta and Whirlpool.
Rent-A-Center leverages an extensive network of stores to effectively penetrate into its target markets, which in turn enables … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

GD Wins Virginia Submarine Contract

Posted: 23 May 2012 12:08 PM PDT

General Dynamics Electric Boat, a subsidiary of General Dynamics Corporation (NYSE:GD), has received a $6.8 million contract modification for designing and procurement of a common controller for various shipboard functions on Virginia-class submarines.
This modification contract is a part of an overall engineering contract supporting the Virginia-class submarine program. In July 2010, the company had received a $171.8 million contract to provide lead-yard services for Virginia-class … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Animation Of Energy Prosperity Spreading Across Pennsylvania As Horizontal Drilling Takes Off

Posted: 23 May 2012 12:01 PM PDT

Black diamonds are conventional vertical wells and red diamonds are horizontal wells.

Just out this afternoon from the EIA:

“Between 2009 and 2011, Pennsylvania’s natural gas production more than quadrupled due to expanded horizontal drilling combined with hydraulic fracturing (see chart below). This drilling activity, which is concentrated in shale formations that cover a broad swath of the state, mirrors trends seen in the Barnett shale formation in Texas.

The animation above illustrates … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For ETF Trading On Thursday, May 24, 2012

Posted: 23 May 2012 05:32 AM PDT

By ForexMansion.com

The Trend Trader for ETFs
For Trading On Thursday, May 24, 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
110.84
+ 0.12
110.89
110.99

Bearish

BND – Vanguard Total Bond Market ETF
84.02
+ 0.07
84.04
84.08

Bearish

DBC – DB Commodity Index Tracking Fd
25.95
− 1.11
26.25
26.37

Bearish

DIA – SPDR DJ Industrial Average … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For Forex Trading On Thursday, May 24, 2012

Posted: 23 May 2012 05:32 AM PDT

By ForexMansion.com

The Trend Trader for Forex
For Trading On Thursday, May 24, 2012

THE BIG SIX

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AUDUSD – Aust Dollar / US Dollar
0.9745
− 0.65
0.9823
0.9889

Bearish

EURUSD – Euro / US Dollar
1.2580
− 0.82
1.2704
1.2773

Bearish

GBPUSD – British Pound / US Dollar
1.5686
− 0.46
1.5770
1.5890

Bearish

USDCAD – US Dollar / Canadian Dollar
1.0250
+ 0.41
1.0213
1.0145

Bullish

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

The Trend Trader For Stock Trading On Thursday, May 24, 2012

Posted: 23 May 2012 05:32 AM PDT

By ForexMansion.com

The Trend Trader for the Dow 30 Stocks
For Trading On Thursday, May 24, 2012

In alphabetical order by symbol

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AA – Alcoa Inc
8.61
+ 1.41
8.54
8.64

Neutral

AXP – American Express Company
55.97
− 0.67
56.10
56.63

Bearish

BA – Boeing Co
71.57
+ 0.13
71.30
70.62

Bullish

BAC – Bank of America Corporation
7.17
+ 2.72
6.98
7.15

Bullish

CAT – Caterpillar Inc
92.47
+ … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For Futures Trading On Thursday, May 24, 2012

Posted: 23 May 2012 05:02 AM PDT

By ForexMansion.com

The Trend Trader for Futures
For Trading On Thursday, May 24, 2012

INDICES

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

S&P 500 – Jun ESM2
1315.75
+ 0.08
1310.72
1310.50

Bullish

Dow Jones – Jun YMM2
12466
− 0.09
12442
12484

Neutral

Nasdaq – Jun NQM2
2540.50
+ 0.21
2529.36
2517.50

Bullish

Russell – Jun TFM2
763.60
+ 0.81
758.17
759.60

Bullish

INTEREST RATES

US T-Bond – Jun ZBM2
148-09
+ … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
at

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