DailyMarkets.com - Racketeering Charge Against BofA And MERS
DailyMarkets.com - Racketeering Charge Against BofA And MERS |
- Racketeering Charge Against BofA And MERS
- Growth & Income Stock: Canadian National Railway Company
- Bear Of The Day: Sinopec
- Bull Of The Day: Manulife Financial (MFC)
- Aggressive Growth Stock: Radware
- Momentum Stock: CBS Corporation
- Bear Of The Day: China Life Insurance
- Bull Of The Day: Lincoln Electric Holdings (LECO)
- Growth & Income Stock: CoreSite Realty Corporation
- Aggressive Growth Stock: Fresh Del Monte Produce
- SurModics Beats Estimates
- Morgan Stanley In New Mortgage Mess
- Ultra Petroleum Upgraded To Neutral
- Rating Action On Allstate
- Twin Contracts In Jacob’s Kitty
- STZ Improves Financial Flexibility
- XL Group Rebounds On Lower Cat Loss
- Estimates Up For Xilinx
- Merge Disappoints, Suspends Guidance (revised)
- MasterCard Rolls Out PayPass Wallet
- Franklin’s April AUM Upped Slightly
- Earnings Scorecard: DuPont
- Earnings Preview: Beacon Roofing
- Air Products Lands Helium Pact
- Conoco To Shed Nigerian Asset
- Higher Prices Aid Statoil’s Growth
- Cummins Buys SCR Doser Technology
- CSC Cuts Legal Expense For SafeAuto
- Earnings Scorecard: Boston Properties
- WU Renews Agreement With CORREOS
- ATVI Banks On DLCs To Boost Sales
- Blackstone Spreads Out In Europe
- Back-to-back Acquisitions For IRM
- Bear Of The Day: AGL Resources, Inc. (GAS)
- Momentum Stock: Sally Beauty Holdings Inc.
- Growth & Income Stock: Post Properties, Inc.
- Bull Of The Day: AMERCO, Inc. (UHAL)
- Aggressive Growth Stock: LeapFrog Enterprises
- Could The US Summer Hurt My Portfolio?
- Commodities May Correct Higher As Markets Digest Recent News-Flow
- Booming Eagle Ford Shale: 47k “Shale-Ready Jobs” And $25 Billion In Economic Development In 2011
- Interesting Fact Of The Day
- The “Merde” Rally?
Racketeering Charge Against BofA And MERS Posted: 10 May 2012 03:32 AM PDT A little over a year ago I became aware of robo-signing within the mortgage servicing industry and broached the topic that the activity likely rose to a level of racketeering. I aggressively questioned, Did Wall Street Violate the Racketeering Act? |
Growth & Income Stock: Canadian National Railway Company Posted: 10 May 2012 03:25 AM PDT Canadian National Railway Company (NYSE:CNI) delivered better-than-expected first quarter results on strong freight volumes, driven by an improving North American economy. And management revised their earnings guidance higher for the remainder of 2012. |
Posted: 10 May 2012 03:25 AM PDT We are maintaining our Underperform recommendation on Sinopec – ADS, aka China Petroleum & Chemical (NYSE:SNP) following its first quarter 2012 results. The company’s quarterly profit registered a 35.2% decline, owing to slower domestic economic growth. |
Bull Of The Day: Manulife Financial (MFC) Posted: 10 May 2012 03:25 AM PDT We are upgrading our recommendation on the shares of Manulife Financial Corp. (NYSE:MFC) following strong first-quarter results. The company reported operating earnings of $1.13 billion, higher than $871 million in the prior-year quarter. Manulife has achieved a great deal in reducing potential equity markets and interest rates risk exposures, along with minimizing existing risks. |
Aggressive Growth Stock: Radware Posted: 10 May 2012 03:25 AM PDT Radware (RDWR) has seen a dramatic rise in earnings estimates making it a Zacks #1 Rank (Strong Buy). |
Momentum Stock: CBS Corporation Posted: 10 May 2012 03:25 AM PDT CBS Corporation (CBS) |
Bear Of The Day: China Life Insurance Posted: 10 May 2012 03:25 AM PDT We are downgrading our recommendation on China Life Insurance – ADR (NYSE:LFC) to Underperform from Neutral due to the lack of any significant growth catalyst amid the prevailing interest rate, market and currency risks. China Life’s full-year 2011 earnings declined steeply from the prior year, due to low premium income and increased impairment losses. |
Bull Of The Day: Lincoln Electric Holdings (LECO) Posted: 10 May 2012 03:25 AM PDT Lincoln Electric Holdings (NASDAQ:LECO) reported fiscal 2012 first quarter adjusted EPS of $0.76, versus $0.50 in the year-earlier quarter. Total revenue increased 21% year over year to a record $727 million. Both outperformed the respective Zacks Consensus Estimates. |
Growth & Income Stock: CoreSite Realty Corporation Posted: 10 May 2012 03:25 AM PDT CoreSite Realty Corporation (COR) recently delivered strong first quarter results marked by an 18% increase in revenue and a 44% increase in funds from operation (FFO). |
Aggressive Growth Stock: Fresh Del Monte Produce Posted: 10 May 2012 03:25 AM PDT Fresh Del Monte Produce (FDP) has seen a big rise in earnings estimates following its most recent quarter making it a Zacks #1 Rank (Strong Buy). |
Posted: 10 May 2012 03:25 AM PDT SurModics Inc.'s (NASDAQ:SRDX) second quarter fiscal 2012 (ended March 31, 2012) earnings from continued operations (excluding special items) of 14 cents per share beat the Zacks Consensus Estimate of 12 cents. The company earned 11 cents per share on an adjusted basis in the year-ago quarter. Higher year over year earnings were primarily attributable to increased adjusted revenues. |
Morgan Stanley In New Mortgage Mess Posted: 10 May 2012 03:24 AM PDT Allegations against Morgan Stanley (NYSE:MS) over the sale of mortgage-backed securities are far from over. Recently, one of the top U.S. life insurers, Prudential Financial Inc. (NYSE:PRU), has brought up charges against Morgan Stanley for the sale of $1 billion in residential mortgage-backed securities that the former had bought, according to a Bloomberg report. |
Ultra Petroleum Upgraded To Neutral Posted: 10 May 2012 03:24 AM PDT We have upgraded domestic energy explorer Ultra Petroleum Corporation (NYSE:UPL) to Neutral from Underperform, reflecting the company's portfolio repositioning initiatives. |
Posted: 10 May 2012 03:24 AM PDT Earlier this week, A.M. Best Co. assigned indicative ratings of "a-" to the Senior Debt, "bbb+" to Subordinated Debt, "bbb" to Junior Subordinated Debt and "bbb" to preferred stock of The Allstate Corporation's (NYSE:ALL) recently filed shelf registration. The rating agency also rated the preferred securities of Allstate Financing VII, VIII, IX and X as "bbb." The outlook for all assigned rating is stable. |
Twin Contracts In Jacob’s Kitty Posted: 10 May 2012 03:24 AM PDT Series of contract wins continue to boost Jacobs Engineering Group Inc.'s (NYSE:JEC) spirit as it announced winning of two more strategic contracts. One of the contracts involves four-year agreement with Gatwick Airport and another contract is from Evonik for a New Chemical Plant. |
STZ Improves Financial Flexibility Posted: 10 May 2012 03:24 AM PDT Leading wine and spirits distributor, Constellation Brands Inc. (NYSE:STZ), took a step forward in enhancing the flexibility of its finances by signing up for an additional credit facility with maturities ranging from five to seven years. |
XL Group Rebounds On Lower Cat Loss Posted: 10 May 2012 03:24 AM PDT XL Group (NYSE:XL) kick started 2012 with first-quarter 2012 operating income of 52 cents per share, outpacing the Zacks Consensus Estimate of 40 cents. The company reversed the loss of 52 cents incurred in the year-ago quarter. Operating income was $165.2 million, compared with a loss of $163.0 million in the prior-year quarter. |
Posted: 10 May 2012 03:24 AM PDT Earnings estimates for Xilinx, Inc. (NASDAQ:XLNX) have gone up lately after the company reported better-than-expected results for the fourth quarter of 2012. |
Merge Disappoints, Suspends Guidance (revised) Posted: 10 May 2012 03:24 AM PDT Merge Healthcare (NASDAQ:MRGE) reported loss of 2 cents per share in the first quarter of fiscal 2012, slightly up from the year-ago loss of 4 cents per share. However, adjusted EPS came in at 3 cents in the reported quarter, in line with the prior-year adjusted EPS but ahead of the Zacks Consensus Estimate of break-even. Total revenue during the quarter stood at $61.0 million, up 16% year over year but down 4.8% sequentially. Total revenue also missed the Zacks Consensus Estimate by $6 million. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards |
MasterCard Rolls Out PayPass Wallet Posted: 10 May 2012 03:24 AM PDT Expanding its digital payments services, on Monday MasterCard Inc. (NYSE:MA) announced the launch of PayPass Wallet Services. However, it will be functional starting third quarter 2012. |
Franklin’s April AUM Upped Slightly Posted: 10 May 2012 03:24 AM PDT Franklin Resources Inc. (NYSE:BEN) declared preliminary assets under management (AUM) of $726.4 billion by its subsidiaries for the end of April 2012. The company's results witnessed a slight rise from $725.7 billion as of March 31, 2012 and a decrease of 0.9% from $733.1 billion as of April 30, 2011. |
Posted: 10 May 2012 03:24 AM PDT Chemical major EI DuPont de Nemours & Co. (NYSE:DD) started 2012 with a mixed bag in the first quarter beating the Zacks Consensus Estimate on earnings while missing on the revenue front. |
Earnings Preview: Beacon Roofing Posted: 10 May 2012 03:24 AM PDT Beacon Roofing Supply, Inc. (NASDAQ:BECN) is slated to report its second-quarter 2012 earnings results before the market opens on May 10. The Zacks Consensus Estimate for the quarter is a loss of 8 cents per share, representing an estimated year-over-year increase of 41.26%. |
Air Products Lands Helium Pact Posted: 10 May 2012 03:24 AM PDT Leading industrial gas company Air Products and Chemicals Inc. (NYSE:APD) has cut a long-term helium supply deal with National Helium LLC, a fully-owned subsidiary of DCP Midstream. Helium is used in a plethora of applications including magnetic resonance imaging ("MRI"), fiber optics and semi-conductor manufacturing, analytical chemistry, metallurgy and pressurizing and purging pipes. |
Posted: 10 May 2012 03:24 AM PDT ConocoPhillips (NYSE:COP) is all set to divest its Nigerian assets to bring billions of dollars for the largest independent oil and natural-gas producer in the U.S. |
Higher Prices Aid Statoil’s Growth Posted: 10 May 2012 03:24 AM PDT Statoil ASA's (NYSE:STO) first-quarter 2012 earnings of 91 cents per ADR marched past the Zacks Consensus Estimate of 78 cents. The quarterly result also showed a significant improvement from the year-earlier earnings of 65 cents per ADR, attributable to higher liquids and gas prices. |
Cummins Buys SCR Doser Technology Posted: 10 May 2012 03:24 AM PDT Cummins Inc. (NYSE:CMI) announced the acquisition of the assets of Selective catalytic reduction (SCR) doser technology from Hilite International. The acquisition of the emission control product will be completed in the third quarter of 2012, subject to the German regulatory approval. |
CSC Cuts Legal Expense For SafeAuto Posted: 10 May 2012 03:24 AM PDT Computer Sciences Corporation (NYSE:CSC) announced last week that it will be licensing its legal management software to SafeAuto Insurance Company. Financial details of the deal were kept confidential. |
Earnings Scorecard: Boston Properties Posted: 10 May 2012 03:23 AM PDT Boston Properties Inc. (NYSE:BXP), a leading real estate investment trust (REIT), reported fiscal 2012 first quarter funds from operations (FFO) of $1.12 per share, which marginally missed the Zacks Consensus Estimate by a penny. Funds from operations, a widely used metric to gauge the performance of REITs, are obtained after adding depreciation and amortization and other non-cash expenses to net income. |
WU Renews Agreement With CORREOS Posted: 10 May 2012 03:23 AM PDT The world's leading money transfer company, Western Union Co. (NYSE:WU), has announced the extension of its service with CORREOS, the national postal service provider of Spain, by signing a new 5-year agreement. |
ATVI Banks On DLCs To Boost Sales Posted: 10 May 2012 03:23 AM PDT Activision Blizzard Inc. (NASDAQ:ATVI) has two downloadable content packs (DLC) to offer to the gamers of PROTOTYPE 2, the action-revenge game. The two DLCs are Colossal Mayhem (releasing today) and Excessive Force (releasing on May 29, 2012). |
Blackstone Spreads Out In Europe Posted: 10 May 2012 03:23 AM PDT Recently, The Blackstone Group LP (NYSE:BX) entered the London real-estate market by acquiring the high profile Devonshire office and retail complex from Rockpoint and Abu Dhabi Investment Authority (ADIA). For the property, Blackstone paid £340 million ($540 million approximately), which is substantially lower than what was shelled out by Rockpoint and ADIA during the property market boom in 2006 |
Back-to-back Acquisitions For IRM Posted: 10 May 2012 03:23 AM PDT Information storage and management service provider, Iron Mountain Inc. (NYSE:IRM) recently announced that it has acquired File House Offsite Record Storage, Document Systems Inc, and First National Safe Deposit. However, the terms of the transactions were not disclosed. |
Bear Of The Day: AGL Resources, Inc. (GAS) Posted: 10 May 2012 03:23 AM PDT We are maintaining our Underperform recommendation on AGL Resources, Inc. (NYSE:GAS) with a target price of $35. We expect shareholder sentiment toward the company to remain lukewarm, considering its investment in higher-risk unregulated operations, ongoing regulatory uncertainties and the challenging economic environment. |
Momentum Stock: Sally Beauty Holdings Inc. Posted: 10 May 2012 03:23 AM PDT Sally Beauty Holdings Inc. (SBH) |
Growth & Income Stock: Post Properties, Inc. Posted: 10 May 2012 03:23 AM PDT Post Properties, Inc. (NYSE:PPS) continues to benefit from a decline in home ownership rates in the United States. |
Bull Of The Day: AMERCO, Inc. (UHAL) Posted: 10 May 2012 03:23 AM PDT AMERCO, Inc. (NASDAQ:UHAL) is the parent company of U-Haul International, the world’s largest consumer truck rental company. It is also the second largest self-storage company in North America. |
Aggressive Growth Stock: LeapFrog Enterprises Posted: 10 May 2012 03:23 AM PDT LeapFrog Enterprises (LF) posted a big revenue number recently on its way to a seventh straight positive earnings surprise. This help to make the stock a Zacks #1 Rank (Strong Buy). |
Could The US Summer Hurt My Portfolio? Posted: 10 May 2012 03:15 AM PDT Seasonal charts a are nice to know, but they dont rule. The funny thing about seasonal charts the last 5 years has seen more central banker involvement. So these years are more important. Lets have a look. May to Jul are sad months. What will 2012 print … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards |
Commodities May Correct Higher As Markets Digest Recent News-Flow Posted: 10 May 2012 01:48 AM PDT Talking Points Crude Oil, Copper May Recover as Markets Digest Recent News-Flow Commodity prices are yielding a mixed performance in early European trade as markets look for the next market-moving catalyst having somewhat absorbed the weekend's destabilizing political news-flow out of the Eurozone. S&P 500 stock index futures are pointing narrowly higher, hinting growth-geared crude oil and copper prices may have room to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards |
Booming Eagle Ford Shale: 47k “Shale-Ready Jobs” And $25 Billion In Economic Development In 2011 Posted: 09 May 2012 08:46 PM PDT The Eagle Ford Shale in Texas is the “economic opportunity of a lifetime” and will potentially create 117,000 “shale-ready” full-time jobs by 2021. From the Center for Community and Business Research at University of Texas-San Antonio: “Development of oil and natural gas in the Eagle Ford Shale contributed $25 billion in total economic output to the region in 2011, according to a study released today by the Center for Community and Business Research. “The Eagle Ford Shale has proven to be … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards |
Posted: 09 May 2012 08:24 PM PDT The number of food trucks and carts in NYC? Find the amazing answer … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards |
Posted: 08 May 2012 02:14 PM PDT There is a silver lining in most dark clouds. When the stock market and other risky assets got clobbered over anxieties about Greece today, the silver lining is that a short-term bottom may be forming. The chart below of SPY is just a bellwether whose analysis could be extrapolated to many other risky assets. The ETF formed a reversal day by selling off but rallying near the end of the day to a level where it roughly opened, and the action occurred on relatively high volume. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards |
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