DailyMarkets.com - Viacom Hikes Dividend |
- Viacom Hikes Dividend
- FMC Inks Twin LWI Deals
- Easier Access With Yahoo! Axis
- Avnet Launches New Product
- Macy’s Mulls Expansion In China
- More Generic Launches For Mylan
- Newmont To Reduce Spending In Peru
- MET Plans To Fortify Financials
- New Member For Acxiom Board
- CME Loses Out On LME Takeover
- Incyte Stays Neutral
- Incyte Stays Neutral
- Clorox’s Risk-Reward Balanced
- Clorox’s Risk-Reward Balanced
- Fitch Reaffirms Goldcorp’s Ratings
- AVEO’s AV-203 In Phase I
- McDermott Wins Ayatsil Field Deal
- Cincinnati Financial Stays Neutral
- Avery Teams With Preventice
- Rating Action On AIG
- Still Neutral On Colgate-Palmolive
- Atlantic City Gets First Save-A-Lot
- FDA Nod For Merck Drug Label Update
- Comcast Launches Innovative Offering
- Consumer Data In Focus Ahead Of Holiday Weekend
- Wells Fargo Sees Growth Ahead
- Western Union Stays Neutral
- Xerox To Renew Deal With New Mexico
- GATX Enters Indian Market
- Kansas City Southern Kept Neutral
- Oracle Set To Buy Vitrue
- Moody’s Reaffirms GM Credit Rating
- Activision’s Diablo III Is A Hit
- ABB Wins Brazillian Contract
- Twin Acquisitions By Home Properties
- Almost Laughable
- Stocks Finish Higher On Europe Comments
- Friday’s Stocks To Watch, May 25 2012
- New, Frozen Frontier Awaits Offshore Oil Drilling In Alaska, MIght Yield 1M Bbls/Day
- Signals From Staples And Discretionary Sectors XLP And XLY
- Google Wins Big Against Oracle
- Gilead Drug Up For European Review
- Huge Subsidies ($6.5B) For Electric Vehicles Are Giving American Taxpayers High-Voltage Shocks
- AMSC, Inox In Wind Turbine Deal
- HMA Retained At Neutral
- FedEx Rolls Out Electric Trucks
- Quote Of The Day: Bastiat On Legal Plunder
- Neutral On International Paper
- Credit Card Delinquency Rate Falls To Record Low; Household Fin. Obligation Ratio Lowest Since 1984
- One Reason Why Oil Prices Will Remain Stable: U.S. Production Reached A 14-Year High In February
- Euro Dips To 22-Month Low; Risk Aversion Grows On Weaker China Factories
- The Trend Trader For Forex Trading On Friday, May 25, 2012
- The Trend Trader For ETF Trading On Friday, May 25, 2012
- The Trend Trader For Stock Trading On Friday, May 25, 2012
- The Trend Trader For Futures Trading On Friday, May 25, 2012
| Posted: 24 May 2012 04:07 PM PDT The board of directors of Viacom Inc. (VIAB) recently hiked the company's quarterly cash dividend by approximately 10% to 27.5 cents per share on class A and class B stock. The increased dividend will be paid on July 2, 2012 to shareholders of record as of June 15, 2012. The current dividend yield is 2.12%.
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| Posted: 24 May 2012 04:07 PM PDT Leading energy industry service provider FMC Technologies Inc. (NYSE:FTI) entered into double five-year contracts with Island Offshore Management AS. Per the agreement, the former will render Light Well Intervention (LWI) services to be used in the North Sea by Statoil ASA (NYSE:STO).
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| Easier Access With Yahoo! Axis Posted: 24 May 2012 03:58 PM PDT 05/24/12 Yahoo launched its Axis browser and TimeTraveler app. The Axis offers a simpler, visually pleasing way to search on mobile devices and on desktop … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 24 May 2012 03:54 PM PDT Avnet Inc.'s (NYSE:AVT) operating segment, Avnet Technology Solutions (TS), recently launched its latest product named Avnet VSPEX Cloud Accelerator Program at the IT conference, EMC World 2012. The program, controlled by Microsoft System Center 2012, will be engaged in providing cloud-related solutions to the value-added reseller partners in the U.S. and Canada.
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| Macy’s Mulls Expansion In China Posted: 24 May 2012 03:54 PM PDT Chinais fast becoming an important hub for leading retailers given the growing luxury market in the country. As any economy grows, it develops a certain class of customers that prefer branded products, and major retailers are looking to capitalize on this opportunity to get a foothold in China. Therefore, the leading retailers are making their smart move to expand through e-commerce in China.
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| More Generic Launches For Mylan Posted: 24 May 2012 03:53 PM PDT Mylan Pharmaceuticals Inc., a subsidiary of generic pharma major Mylan Inc. (NYSE:MYL), recently announced that it has received final approval from the U.S. Food & Drug Administration (FDA) for its generic version of Boehringer Ingelheim's Viramune (nevirapine).
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| Newmont To Reduce Spending In Peru Posted: 24 May 2012 03:53 PM PDT According to Reuters, mining company Newmont Mining Corp. (NYSE:NEM) announced that it will reduce the amount that it plans to spend on its gold mine project in Peru by two-thirds due to delays caused by the Peruvian government and environmental reviews.
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| MET Plans To Fortify Financials Posted: 24 May 2012 03:53 PM PDT MetLife, Inc. (NYSE:MET) has decided to streamline and modify its product mix to better focus on its U.S. business and gain a strong foothold in the emerging economies, management outlined in an investor conference on Wednesday. The company is planning these actions along with many more strategic repositioning to strengthen its financials by 2016.
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| Posted: 24 May 2012 03:53 PM PDT Acxiom Corporation (NASDAQ:ACXM) recently added Tim Cadogan to its Board of Directors. Cadogan has been serving OpenX, as a CEO since April 2008.
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| Posted: 24 May 2012 03:53 PM PDT After NYSE Euronext Inc. (NYSE:NYX), CME Group Inc. (NASDAQ:CME) has also been eliminated from the race to acquire the London Metal Exchange ("LME"), as per Bloomberg. Following the exit of CME Group, only IntercontinentalExchange Inc. (NYSE:ICE) and Hong Kong Exchanges & Clearing Ltd. ("HKEC") remain in contingent to take over the 135-year old metal exchange.
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| Posted: 24 May 2012 03:53 PM PDT We are maintaining our Neutral recommendation on Incyte Corporation (NASDAQ:INCY) with a target price of $23.00. This is in line with the Zacks #3 Rank (Hold rating) carried by the stock in the short run.
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| Posted: 24 May 2012 03:53 PM PDT We are maintaining our Neutral recommendation on Incyte Corporation (NASDAQ:INCY) with a target price of $23.00. This is in line with the Zacks #3 Rank (Hold rating) carried by the stock in the short run.
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| Posted: 24 May 2012 03:53 PM PDT We maintain our long-term Neutral recommendation on The Clorox Company (NYSE:CLX), one of the world’s leading manufacturers of consumer products, based on a balanced risk-reward scenario for the company.
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| Posted: 24 May 2012 03:53 PM PDT We maintain our long-term Neutral recommendation on The Clorox Company (NYSE:CLX), one of the world’s leading manufacturers of consumer products, based on a balanced risk-reward scenario for the company.
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| Fitch Reaffirms Goldcorp’s Ratings Posted: 24 May 2012 03:53 PM PDT Recently, Fitch Ratings announced that it is maintaining the Issuer Default Rating (IDR) of Goldcorp (NYSE:GG) at 'BBB.' The agency also reaffirmed the ratings of the $862.5 million senior unsecured convertible notes and the $2 billion senior unsecured revolving credit facility at 'BBB.' The Rating Outlook was kept at Stable by Fitch.
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| Posted: 24 May 2012 03:53 PM PDT AVEO Pharmaceuticals, Inc. (AVEO) recently initiated a phase I study with its oncology candidate, AV-203. AV-203 is an ERBB3 inhibitory antibody and AVEO's third clinical stage candidate.
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| McDermott Wins Ayatsil Field Deal Posted: 24 May 2012 03:53 PM PDT Energy-focused engineering and construction firm McDermott International Inc. (NYSE:MDR) announced that one of its affiliates has won a contract from Mexico's state oil monopoly Petroleos Mexicanos, or Pemex.
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| Cincinnati Financial Stays Neutral Posted: 24 May 2012 03:53 PM PDT We are maintaining our Neutral recommendation on the shares of Cincinnati Financial Corp. (NASDAQ:CINF), to reflect the gradually improving Commercial Lines, Personal Lines and Excess and Surplus Lines business. However, the continued low interest rate environment and the lack of a complete reversal in the insurance pricing cycle keeps us on the sidelines.
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| Posted: 24 May 2012 03:53 PM PDT Avery Dennison Medical Solutions, a business unit of Avery Dennison Corporation (NYSE:AVY) has decided to team up with the producer of mobile health applications and patient monitoring systems, Preventice, Inc. The synergy will be producing a new version of Metria that will be patch-based wearable sensors for clinical monitoring of a patient's physiological characteristics.
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| Posted: 24 May 2012 03:53 PM PDT Fitch Ratings reiterated Issuer Default Rating (IDR) of ‘BBB’ of American International Group Inc. (NYSE:AIG). The outlook remains positive. Subsequently, the rating agency also reiterated the Insurer Financial Strength ratings of 'A' on the company's operating units with a stable outlook. The rating affirmations came on the back of the company's competitive positioning in the life and non-life insurance market. However, weak performances at the company's core insurance operations … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Still Neutral On Colgate-Palmolive Posted: 24 May 2012 03:53 PM PDT We are maintaining our long-term Neutral recommendation on Colgate-Palmolive Company (NYSE:CL) with a Zacks #3 Rank, implying a short-term Hold rating with a target price of $106.00 per share.
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| Atlantic City Gets First Save-A-Lot Posted: 24 May 2012 03:53 PM PDT Save-A-Lot, America's leading hard-discount, carefully selected assortment grocery chains and a wholly-owned subsidiary of SUPERVALU Inc. (NYSE:SVU) announced the opening of its full-service grocery store in Atlantic City on May 17, 2012.
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| FDA Nod For Merck Drug Label Update Posted: 24 May 2012 03:53 PM PDT Merck (NYSE:MRK) recently announced that the U.S. Food and Drug Administration (FDA) approved a label update for its HIV therapy, Isentress. The FDA has allowed Merck to update Isentress' label so that 156-week data from the ongoing STARTMRK study may be included.
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| Comcast Launches Innovative Offering Posted: 24 May 2012 03:53 PM PDT Comcast Corporation (NASDAQ:CMCSA) the largest cable MSO in the U.S. is introducing a new service for its voice customers which is expected to challenge large telecom carriers like Verizon Communication Inc's (NYSE:VZ) wireless data packages.
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| Consumer Data In Focus Ahead Of Holiday Weekend Posted: 24 May 2012 03:20 PM PDT 05/23/12 Consumer sentiment and confidence data will be coming out from the US and Germany. The US markets may begin to wind down early on Friday, ahead of the long holiday … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 24 May 2012 02:18 PM PDT Wells Fargo & Co. (NYSE:WFC) is well positioned to grow its business in the years ahead. At its annual investor day event held earlier this week, the company had come out of financial crisis well and achieved nine consecutive quarters of earnings per share growth.
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| Posted: 24 May 2012 02:18 PM PDT Western Union Co. (NYSE:WU) adopted several strategic initiatives during the recent years to generate long-term growth. However, growing competitive pressure from other cheaper money transfer options may erode the company's premium pricing, thus pressurizing the bottom line. We thus retain our Neutral recommendation on the company.
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| Xerox To Renew Deal With New Mexico Posted: 24 May 2012 02:18 PM PDT After penning an alliance with CHOICE Administrators Exchange Solutions for delivering a cloud-based Health Insurance Exchange (HIX) solution, office automation and equipments major Xerox Corporation (NYSE:XRX) is in the news again.
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| Posted: 24 May 2012 02:18 PM PDT One of the world's leading railcar leasing firm GATX Corporation (NYSE:GMT) has announced its collaboration with India-based supply chain and logistics infrastructure solutions provider, Arshiya Rail Infrastructure Ltd. Per the 10-year tie up, GATX will lease 45 newly purchased rail wagons to Arshiya. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Kansas City Southern Kept Neutral Posted: 24 May 2012 02:18 PM PDT We remain encouraged by Kansas City Southern's (NYSE:KSU) favorable revenue trend on the back of continued momentum in pricing and shipments, particularly in Intermodal, Energy and Automotives.
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| Posted: 24 May 2012 02:18 PM PDT The competition for dominating the cloud-based software-as-a-service (SaaS) market is heating up as arch rivals Oracle (NASDAQ:ORCL) and SAP (NYSE:SAP) look to outdo each other on the acquisition front. Recently, SAP announced its intention to acquire business & commerce network company Ariba Inc. Almost at the same time Oracle announced its plans to buy Vitrue, a cloud-based social-marketing software developer.
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| Moody’s Reaffirms GM Credit Rating Posted: 24 May 2012 02:18 PM PDT Moody's Investors Service, the credit rating agency of Moody’s Corporation (NYSE:MCO), has reaffirmed the credit rating of General Motors Company (NYSE:GM) at Ba1, citing the company's outlook to be positive.
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| Activision’s Diablo III Is A Hit Posted: 24 May 2012 02:18 PM PDT Activision Blizzard Inc. (NASDAQ:ATVI) thrashed analyst estimates when it announced the first week sales of its much-hyped title Diablo III. The company announced that the first week unit sales of the title exceeded 6.3 million. On the contrary, analysts had projected that the title would gross 5 million copies in the first year of its release. Diablo III was released on May 15, 2012.
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| Posted: 24 May 2012 02:18 PM PDT ABB Ltd. (NYSE:ABB) has been awarded a contract worth $50 million for constructing transmission substations in Brazil. The contract was included in the first-quarter bookings of the company.
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| Twin Acquisitions By Home Properties Posted: 24 May 2012 02:17 PM PDT Home Properties Inc. (NYSE:HME), a multifamily real estate investment trust (REIT), has recently acquired two apartment communities in Virginia for an aggregate purchase price of $112.2 million. The twin acquisitions are expected to be accretive to earnings with immediate effect.
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| Posted: 24 May 2012 02:12 PM PDT In “'The Death of Equities'… Again?” FT Alphaville ponders whether sentiment has reached the kinds of extremes that have historically marked major — secular — turning points:
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| Stocks Finish Higher On Europe Comments Posted: 24 May 2012 09:00 AM PDT 05/24/12 U.S. stocks finished higher after late day comments from the Italian premier and French President helped boost confidence that Greece would stay in the euro … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Friday’s Stocks To Watch, May 25 2012 Posted: 24 May 2012 01:42 PM PDT ( click to enlarge ) US Airways Group, Inc. (NYSE:LCC) had a very nice day today, breaking out above the $11.50 level on heavy volume. As long as it can hold this level, it looks good !! ( click to enlarge ) Looking at the technical chart of Hyperdynamics Corporation (HDY) I think the most important level to watch here is the 50 day MA now at $.99. As we can see, it previously failed at the 1.30 level back in April and it has once again rallied up to this MA. The MACD is moving … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| New, Frozen Frontier Awaits Offshore Oil Drilling In Alaska, MIght Yield 1M Bbls/Day Posted: 24 May 2012 01:41 PM PDT From yesterday’s NY Times: “Barring a successful last-minute legal challenge by environmental groups, Shell will begin drilling test wells off the coast of northern Alaska in July, opening a new frontier in domestic oil exploration and accelerating a global rush to tap the untold resources beneath the frozen ocean. Industry experts and national security officials view the Alaskan Arctic as the last great domestic oil prospect, one that over time could bring the country a giant step … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Signals From Staples And Discretionary Sectors XLP And XLY Posted: 24 May 2012 01:14 PM PDT I find it helpful to step inside sector performance when assessing the health or potential weakness ahead for the broader Stock Market.
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| Google Wins Big Against Oracle Posted: 24 May 2012 01:08 PM PDT Google Inc. (NASDAQ:GOOG) won the second phase of its trial against Oracle Corp (NASDAQ:ORCL) when a jury voted unanimously in its favor on all eight considerations before it.
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| Gilead Drug Up For European Review Posted: 24 May 2012 01:08 PM PDT Recently, Gilead Sciences, Inc. (NASDAQ:GILD) announced that its marketing application seeking approval for its candidate cobicistat in the EU has been validated by the European Medicines Agency (EMA).
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| Huge Subsidies ($6.5B) For Electric Vehicles Are Giving American Taxpayers High-Voltage Shocks Posted: 24 May 2012 12:52 PM PDT From my McClatchy editorial, out for national distribution this week, here is a link is to the version in today’s Sacramento Bee: “Since 2008, taxpayers have spent or provided loan guarantees of $6.5 billion for electric vehicles. That includes $2.4 billion for battery and electric drive component manufacturing, $3.1 billion in loan guarantees for electric vehicle projects, and $1 billion in tax credits for the vehicles. The price that American taxpayers pay for commercializing electric … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| AMSC, Inox In Wind Turbine Deal Posted: 24 May 2012 12:42 PM PDT American Superconductor Corporation (NASDAQ:AMSC) has received a follow-on order from Inox Wind Limited ("IWL") for 50 Wind Turbine electrical control systems ("ECS"). The control systems will be used by IWL for its 2 megawatt (MW) wind turbines.
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| Posted: 24 May 2012 12:42 PM PDT We reiterate our Neutral rating on Health Management Associates (NYSE:HMA). Its first-quarter 2012 earnings per share of 24 cents beat the Zacks Consensus Estimate of 22 cents. Net income from continuing operations dropped 29.4% year over year to $39.1 million. Consolidated net income dropped 32.1% to $37.7 million (or 15 cents per share).
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| FedEx Rolls Out Electric Trucks Posted: 24 May 2012 12:42 PM PDT FedEx Corp. (NYSE:FDX) has initiated the deployment of electric trucks at its distribution center in Silicon Valley, CA. By the end of this year, the company expects delivery of 34 electric trucks across San Francisco Bay Area. FedEx also expects to deploy electric trucks in international markets like Hong Kong, Berlin, Florence, London and Paris.
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| Quote Of The Day: Bastiat On Legal Plunder Posted: 24 May 2012 12:38 PM PDT “Legal plunder can be committed in an infinite number of ways. Thus we have an infinite number of plans for organizing it: tariffs, protection, benefits, subsidies, encouragements, progressive taxation, public schools, guaranteed jobs, guaranteed profits, minimum wages, a right to relief, a right to the tools of labor, free credit, and so on, and so on. All these plans as a whole—with their common aim of legal plunder—constitute socialism. But how is this legal plunder to be identified? … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Neutral On International Paper Posted: 24 May 2012 12:22 PM PDT We maintain our Neutral recommendation on International Paper (NYSE:IP). The quantitative Zacks #3 Rank (short-term Hold rating) for the company indicates no clear directional pressure on the shares over the near term
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| Credit Card Delinquency Rate Falls To Record Low; Household Fin. Obligation Ratio Lowest Since 1984 Posted: 24 May 2012 12:13 PM PDT The Federal Reserve released new data today on delinquency and charge-off rates at U.S. commercial banks for the first quarter of 2012. For consumer credit cards, the delinquency rate fell for the 11th consecutive quarter to 3.07% during the January-March period, which is the lowest level ever recorded since the Federal Reserve started tracking these data back in 1991 (see blue line in chart). For all consumer loans, the first quarter delinquency dropped to 2.89%, the lowest rate since the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| One Reason Why Oil Prices Will Remain Stable: U.S. Production Reached A 14-Year High In February Posted: 24 May 2012 10:56 AM PDT From today’s WSJ editorial “Why Oil Prices Will Keep Falling” by Nansen Saleri, CEO of Quantum Reservoir Impact in Houston: “The invisible hand steadying global energy markets is the growing influence of modern technologies. So a case can be made for a relatively stable crude-price window—$80 to $120 a barrel for the next several years. The growing influence of modern technologies is evident everywhere. Net daily U.S. imports of petroleum have dropped by 50% to eight million … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Euro Dips To 22-Month Low; Risk Aversion Grows On Weaker China Factories Posted: 24 May 2012 10:24 AM PDT Fundamental Headlines
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| The Trend Trader For Forex Trading On Friday, May 25, 2012 Posted: 24 May 2012 05:03 AM PDT By ForexMansion.com The Trend Trader for Forex THE BIG SIX Close 3×1 7×5 AUDUSD – Aust Dollar / US Dollar Bearish EURUSD – Euro / US Dollar Bearish GBPUSD – British Pound / US Dollar Bearish USDCAD – US Dollar / Canadian Dollar Bullish USDCHF – US Dollar / … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| The Trend Trader For ETF Trading On Friday, May 25, 2012 Posted: 24 May 2012 05:03 AM PDT By ForexMansion.com The Trend Trader for ETFs The top 40 ETFs by net assets Close 3×1 7×5 AGG – iShares Lehman Aggregate Bd Fd Bearish BND – Vanguard Total Bond Market ETF Bearish DBC – DB Commodity Index Tracking Fd Bearish DIA – SPDR DJ Industrial Average ETF
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| The Trend Trader For Stock Trading On Friday, May 25, 2012 Posted: 24 May 2012 05:03 AM PDT By ForexMansion.com The Trend Trader for the Dow 30 Stocks In alphabetical order by symbol Close 3×1 7×5 AA – Alcoa Inc Neutral AXP – American Express Company Neutral BA – Boeing Co Bullish BAC – Bank of America Corporation Neutral CAT – Caterpillar Inc
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| The Trend Trader For Futures Trading On Friday, May 25, 2012 Posted: 24 May 2012 05:03 AM PDT By ForexMansion.com The Trend Trader for Futures INDICES Close 3×1 7×5 S&P 500 – Jun ESM2 Bullish Dow Jones – Jun YMM2 Bullish Nasdaq – Jun NQM2 Bullish Russell – Jun TFM2 Bullish INTEREST RATES US T-Bond – Jun ZBM2
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