Thursday, May 24, 2012

DailyMarkets.com - ONEOK Optimistic On Future Growth

DailyMarkets.com - ONEOK Optimistic On Future Growth

ONEOK Optimistic On Future Growth

Posted: 24 May 2012 12:03 PM PDT

Diversified energy company ONEOK Inc. (NYSE:OKE) is expected to deliver strong results between 2012 and 2014 on the back of solid performances from its general partner ONEOK Partners (NYSE:OKS).
ONEOK projects that its net income will improve by 18% annually between 2012 and 2014. During this period the company has planned to increase its dividend payment by 40%, which includes a projected dividend increase of 5 cents per share on a pre-split basis in July 2012, subject to ONEOK board approval.
The … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: Choppy

Posted: 24 May 2012 11:45 AM PDT

Cusick’s Corner 05-24-2012
The market is choppy — Equities and Bonds are down small, and commodities did firm up. I didn’t see the pressure on the metals overnight which resulted in some more confidence into the open. The muted reaction to the mixed data this morning just leads me to believe that the market is monitoring headlines and is comfortable with chopping at this stage. See you After Hours.
Stock market averages are holding modest losses following a round of uninspiring economic data … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Sherwin-Williams Reaffirmed Neutral

Posted: 24 May 2012 11:43 AM PDT

We are reaffirming our Neutral recommendation on leading paints maker The Sherwin-Williams Company (NYSE:SHW). First-quarter 2012 earnings of 95 cents a share beat the Zacks Consensus Estimate by a penny.
Net sales jumped roughly 15% year over year to $2.14 billion on the back of higher paint sales volume and pricing, beating the Zacks Consensus Estimate. Revenues from the core Paint Stores Group division soared roughly 21% in the quarter, benefiting from better pricing. However, the company saw a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Kinder Morgan Trims Expansion

Posted: 24 May 2012 11:22 AM PDT

Kinder Morgan Energy Partners L.P. (NYSE:KMP) has downsized its capital outlay by 18%, from $5 billion to $4.1 billion, for the planned extension of its Trans Mountain pipeline that transfers Canadian oil to the Asian markets.
Kinder Morgan has signed 20-year contracts for approximately 510,000 barrels per day (bpd) on its pipeline with fewer shippers than anticipated, which led the partnership to increase the capacity to 750,000 bpd from the existing 300,000 bpd. Earlier, the partnership had … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Mogavero: “Need Someone Be Stimulative”

Posted: 24 May 2012 11:17 AM PDT

05/24/12 Mogavero, Lee & Co.’s Doreen Mogavero weighs in on the latest fundamentals that have been “extraordinarily benign or dismal.” Expectations for monetary policy and stimulus in the US and Euro zone are also … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Risk, Reward Balance Hess

Posted: 24 May 2012 11:08 AM PDT

We have maintained our Neutral recommendation on Hess Corporation (NYSE:HES) given its poor first quarter results, which remains equally balanced by its exploration operations.
The New York-based integrated energy company's first quarter underperformance was mainly due to the lackluster production volume, which registered a downfall from the year-ago level. Moreover, Hess sees its Bakken production to be below the current expectation of 60 thousand barrels of oil equivalent per day (MBoe/d) for … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Benihana Puts Itself Up For Sale

Posted: 24 May 2012 11:08 AM PDT

Miami-based Benihana Inc. (NASDAQ:BNHN) recently announced that it is being acquired by a private equity group Angelo, Gordon & Co.’s in a merger deal valued at around $296 million or $16.30 per share in cash. Execution of the deal will make Benihana private.
The offer price is at a 46% premium to the average closing share price for the 30-day period ended March 13, 2012 and at around 23% premium to the closing share price on May 21.  On March 13, Benihana declared the evaluation of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Jamba Guides Higher Comps

Posted: 24 May 2012 10:48 AM PDT

The leading healthy active lifestyle brand Jamba Inc. (NASDAQ:JMBA) recently inflated its outlook for its company-owned comparable store sales (comps) and operating margin for 2012. Comps are now guided in the range of 4-6% versus its earlier projected range of 3-4%. Its adjusted profit margin also surpassed the previous guided range of 19-22% to reach a new projection of 20-23%.
Jamba is turning around at a slow but steady pace. In its recently concluded first-quarter 2012, Jamba delivered quite an … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Morgan Stanley’s Facebook Woes

Posted: 24 May 2012 10:33 AM PDT

The widely anticipated Facebook IPO has turned out to be a debacle for its lead underwriter Morgan Stanley (NYSE:MS). The underwriter is now facing a deluge of lawsuits filed by investors, accusing it of giving misleading statements regarding Facebook's (FB) revenue growth. The debacle led to about 16% slump of the shares of the social networking giant since the day of listing.
The investors, seeking a class-action lawsuit, alleged that Morgan Stanley and a host of other underwriters were … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Share Offering Closed On May 23, 2012

Posted: 24 May 2012 10:33 AM PDT

Share offering closed on May, 23, 2012
Ian Gilson, CFA

On May 23, 2012 S&W Seed (SANW) closed the one million share public offering made under the shelf registration of Feb. 10, 2012. The stock was priced at $5.50 a share.  The net proceeds were $5.12 million, slightly above our estimate of $5 million. We have adjusted our estimates by increasing the share count to 6.2 million shares for the fourth quarter, 5.93 million for the full year 2012 and 6.8 million for the first quarter and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Berkley Hikes Dividend Yet Again

Posted: 24 May 2012 10:33 AM PDT

The board of directors of property and casualty insurer  W. R. Berkley Corp. (NYSE:WRB) yesterday approved a 12.5% dividend hike representing new annualized rate of 36 cents per share. The first increased dividend, at a quarterly rate of 9 cents, will be paid on July 3, 2012 to stockholders of record as of June 12, 2012.
Berkley has maintained its track record of increasing dividend over the years. The recent dividend hike represents the seventh consecutive increase from 12 cents paid in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

OPS Contract For CACI International

Posted: 24 May 2012 10:33 AM PDT

Earlier this week, The Wexford Group International, a fully owned subsidiary company of CACI International Inc. (CACI), declared that it has been awarded one of the five prime contractor positions by the U.S. General Services Administration (GSA) Federal Systems Integration and Management Center (FEDSIM). The contract of $900 million is of a total term period of five years and is in accordance with the Joint Improvised Explosive Device Defeat Organization's (JIEDDO) Operations Support (OPS) … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Economist On The Street: Europe & Global Fundamentals

Posted: 24 May 2012 10:08 AM PDT

05/24/12 Meridian Equity Partners’ Stephen Guilfoyle dissects the latest global data releases and developments in the Euro zone. Upcoming event risk and the recent decline crude oil prices are … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Rebounds On Iran

Posted: 24 May 2012 05:00 AM PDT

05/24/12 Front month crude prices rebounded Thursday afternoon after Iran rejected calls to halt its nuclear … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stocks Steady As All Focus Still On Europe

Posted: 24 May 2012 01:15 AM PDT

05/24/12 Stocks were little changed Thursday as concerns about Europe’s debt crisis and chance of Greece exiting the eurozone continued to weigh on … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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