Thursday, May 17, 2012

DailyMarkets.com - Xcel Shares More With Shareholders

DailyMarkets.com - Xcel Shares More With Shareholders

Xcel Shares More With Shareholders

Posted: 17 May 2012 11:57 AM PDT

The board of directors of electricity and natural gas company Xcel Energy Inc.(NYSE:XEL) has approved a penny increase to the quarterly dividend of the company. The new quarterly dividend will be 27 cents. The revised dividend is payable on July 20, 2012, to shareholders of record at the close of business on June 21, 2012.
The new annualized dividend rate of the company will be $1.08, reflecting growth of 3.8% from the prior rate of $1.04. The dividend growth rate is at the top end of Xcel … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Raytheon Wins SM-3 Order

Posted: 17 May 2012 11:38 AM PDT

Raytheon Company (NYSE:RTN) received from the U.S. Navy a $313.8 million contract for low-rate initial production of Standard Missile-6. Delivery is expected to be completed by March 2015.
Work will be performed in Tucson, Arizona; Camden, Arkansas; Andover, Massachusetts; Huntsville, Alabama; Dallas, Texas; Hanahan, South Carolina; Anniston, Alabama; San Jose, California; and Middletown, Ohio.
The Standard Missile-3 is a ship-based missile system used by the US Navy to intercept short- to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

D.R. Horton Retained At Neutral

Posted: 17 May 2012 11:38 AM PDT

We maintain a Neutral rating on D.R. Horton Inc. (NYSE:DHI) with a target price of $16.00 following appraisal of second quarter 2012 results.
DR Horton reported adjusted net earnings of 13 cents per share in the second quarter of fiscal 2012 versus 8 cents per share (excluding loss on early retirement of debt) in the year-ago quarter. Earnings per share largely outperformed the Zacks Consensus Estimate of 4 cents. The earnings upsurge was driven by top-line growth and margin improvements. Both the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

WU Closes Travelex France Buy

Posted: 17 May 2012 11:17 AM PDT

World’s leading money transfer company, Western Union (NYSE:WU) announced the completion of acquisition of the French operations of leading cross border payments company, Travelex Global Business Payments ("TGBP").
The buyout of the French operations had been scheduled after the completion of the global acquisition of TGBP. Western Union completed the acquisition of TGBP in 2011 for a cash consideration of $967.8 million. The acquisition made Western Union one of the leading non-bank providers … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Ramco-Gershenson To Offer Shares

Posted: 17 May 2012 11:02 AM PDT

Ramco-Gershenson Properties Trust (NYSE:RPT), a real estate investment trust (REIT), recently announced its decision to offer 5.5 million shares to  enhance its liquidity position. The company also decided to grant the underwriters a 30-day option to purchase up to an additional 825,000 shares to cover the over-allotment options.
Ramco-Gershenson intends to use the net proceeds from the offering to repay debt under its revolving credit facility and to fund a portion of the proposed … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Sears’ 1Q Loss Narrows

Posted: 17 May 2012 10:43 AM PDT

Sears Holdings Corporation (NASDAQ:SHLD) reported first-quarter 2012 adjusted loss of 31 cents per share, better than the Zacks Consensus Estimate of a loss of 59 cents per share. The quarterly loss was much better than the prior-year quarter loss of $1.34 per share. Including special items, the company reported earnings of $1.78 per share compared with a loss of $1.53 per share posted in the prior-year period.
The robust bottom-line performance resulted from the company's ongoing cost reduction … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Dollar Tree Tops Estimates

Posted: 17 May 2012 10:43 AM PDT

Dollar Tree Inc. (NASDAQ:DLTR) reported a robust first-quarter 2012 with earnings of $1.00 per share, surging above the Zacks Consensus Estimate of 98 cents per share. Quarterly earnings also outperformed the year-ago earnings of 82 cents per share, registering an upside of 22% year over year. Higher sales and improved margins benefited Dollar Tree to post solid first-quarter results.
Quarterly Details
Dollar Tree’s total revenue grew 11.5% in the quarter to $1,723.6 million from $1,545.9 million in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Advance Auto Parts Misses Estimates

Posted: 17 May 2012 10:43 AM PDT

Advance Auto Parts Inc. (NYSE:AAP) posted 32.6% increase in its first quarter 2012 earnings per share to $1.79 from $1.35 reported in the year-ago quarter. However, it missed the Zacks Consensus Estimate of $1.85 per share.
The company's revenues for the quarter came at $1.96 billion, up 3.1% compared with $1.90 billion in the year-ago quarter. The improvement in sales was attributable to a comparable-store sales gain of 2.1% compared with 1.4% during the first quarter of 2011 along with … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Ross’ Bottom Line Meets, Guides Up

Posted: 17 May 2012 10:43 AM PDT

Ross Stores Inc. (NASDAQ:ROST), one of the leading off-price retailers of apparels and home accessories, recently posted earnings of 93 cents per share for first-quarter 2012, in line with the Zacks Consensus Estimate.
Earnings grew 26% from the prior-year adjusted level of 74 cents a share, primarily due to the company’s ability to attract bargain hunters who value both quality and price. Moreover, favorable weather conditions in the company's operating regions also benefited the results.
Let's … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Raven Industries

Posted: 17 May 2012 10:43 AM PDT

Raven Industries Inc. (NASDAQ:RAVN) is slated to report its first-quarter fiscal 2013 results before the market opens on May 18. The Zacks Consensus Estimate for earnings for the quarter is 89 cents per share, representing an estimated year-over-year increase of 3.49%. Revenues, as per the Zacks Consensus Estimate, are $112 million.
Fourth Quarter Synopsis
The company, in the fourth quarter (ended January 31, 2012), reported adjusted earnings of 60 cents per share, beating the Zacks Consensus … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Merck KGaA’s Erbitux Faces Hurdle

Posted: 17 May 2012 10:43 AM PDT

Merck KGaA (MKGAF) recently reported disappointing interim data from a late-stage study (PETACC-8) on Erbitux (cetuximab), which is being evaluated as an adjuvant treatment of stage III colon cancer. The data did not support the use of the drug for the aforementioned indication.
Results from the study, a multinational European trial, revealed that Erbitux when given in combination with standard chemotherapy (FOLFOX 4) did not prolong the disease free survival of patients, as compared to those … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Food Truck Fiesta At Farragut Sqaure

Posted: 17 May 2012 10:43 AM PDT

The food trucks were out in force today at DC’s Farragut Square (see photos above), probably almost 20 in total, including my personal favorite DC food truck, Sauca,which featured everything on its menu today for only $5 (gotta love competition), including my personal favorite Sauca item Mumbai Butter … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Polcari: “Market…like Kid Throwing Tantrum”

Posted: 17 May 2012 10:40 AM PDT

05/17/12 ICAP Equities’ Kenneth Polcari gives his take on the FOMC minutes, the ongoing EU debt crisis and Facebook’s IPO. Technical levels for the S&P 500 are … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Walmart Beats, Exceeds Guidance

Posted: 17 May 2012 10:23 AM PDT

Wal-Mart Stores Inc. (NYSE:WMT) has delivered robust first quarter 2013 earnings of $1.09 per share, which surpassed the Zacks Consensus Estimate by 5 cents and the prior-year earnings by 11 cents per share. The first quarter 2013 results also exceeded the company’s guidance of $1.01 to $1.06 per share.
The better-than-expected first quarter earnings improved on the back of top-line results. Same-store sales also surpassed the prior-year quarter's comparable sales, as well as the company's … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Glaxo Hikes Stake In Theravance

Posted: 17 May 2012 10:23 AM PDT

British pharma giant GlaxoSmithKline (NYSE:GSK) recently announced that it has completed the acquisition of 10,000,000 shares of biopharmaceutical company Theravance Inc. (NASDAQ:THRX). Shares were acquired for approximately $21.2887 per share.
Theravance shareholders approved the deal at their Annual Meeting held on May 15, 2012. With this transaction, Glaxo increased its holding in Theravance to 26.7% from 18.3%. Glaxo currently owns 25,814,421 shares of Theravance.
The increased holding by the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

GameStop Posts In-Line Results

Posted: 17 May 2012 10:08 AM PDT

GameStop Corporation (NYSE:GME), the video game and entertainment software retailer, recently posted first-quarter 2012 earnings of 54 cents a share that came in line with the Zacks Consensus Estimate, but fell 3.6% from 56 cents earned in the prior-year quarter. The Zacks Consensus Estimate rose by a penny in the last 7 days following the company's pre-announced results.  
Although GameStop bore the brunt of weak traffic, its reported earnings were near the higher end of the company's … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Rogers Enters Mobile-Payment Arena

Posted: 17 May 2012 10:08 AM PDT

In a move to establish its foothold in the Canadian mobile-payment segment, Rogers Communications Inc. (NYSE:RCI), a leading cable MSO and wireless operator in Canada, entered into an agreement with Canadian Imperial Bank of Commerce (CIBC) for the latest banking technology. As per the agreement, if a CIBC client has Rogers' activated smartphone, then the person will get the advantage to carry a digital wallet on his/her smartphone, through which he/she can pay online for any purchase.
If a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Oil Lower, Remains Below $93

Posted: 17 May 2012 05:00 AM PDT

05/17/12 Front month crude prices continued to slide, remaining below $93 a barrel, on continued worries about Greece and European … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Ecolab Remains Neutral

Posted: 17 May 2012 09:48 AM PDT

We reiterate our Neutral rating on Ecolab Inc. (NYSE:ECL). Its first quarter 2012 adjusted earnings per share of 50 cents beat the Zacks Consensus Estimate of 48 cents. Revenues of $2,810.9 million were ahead of the Zacks Consensus Estimate of $2,718 million.
The company's Global Energy and Latin American franchises along with Food & Beverage, U.S. Institutional and Global Water units have been generating positive results. Revenues from the company's larger U.S. Cleaning & Sanitizing … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Enbridge Plans Pipeline Expansion

Posted: 17 May 2012 09:28 AM PDT

Enbridge Energy Partners L.P. (NYSE:EEP) has recently announced its plans to make huge expansions in crude oil mainline pipeline system worth $3.2 billion. The project was proposed to transfer crude from western Canadato Eastern refineries as well as avoid obstacles in the U.S. Midwest.
The initiative would comprise additions of capacity to the company’s Lakehead System and the Eastern Access Projects with its commissioning scheduled for 2014.
Per the Lakehead System expansion plan, capacity is … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

VeriFone Powers Sky News In London

Posted: 17 May 2012 09:07 AM PDT

VeriFone Systems, Inc. (NYSE:PAY) recently announced that it has signed a contract with Sky News for broadcasting headline news articles in London's Black Cabs. This task shall be performed by VeriFone Digital Network's (VNET) TaxiTV and is expected to be functional from May this year.
The company caters to updating the news content aired at the TaxiTV with around six to eight refreshes during the day, thereby ensuring that customers get access to relevant and fresh news content on their … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

E*TRADE’s April DARTs Dip

Posted: 17 May 2012 09:07 AM PDT

On Wednesday, E*TRADE Financial Corporation (NASDAQ:ETFC), an online brokerage firm, released its Activity Report for the month of April 2012, recording a fall in average U.S. trades from the prior month. Moreover, the trades also dropped from the year-ago period.
For the reported month, Daily Average Revenue Trades (DARTs) were 145,769, down 7% from March 2012 and 9% year over year. The fall in DARTs largely resulted from the uncertain economic recovery and investors' reluctance to invest in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Can Facebook Breathe Life Into NASDAQ?

Posted: 17 May 2012 08:50 AM PDT

Thursday, May 17, 2012
Stocks have come under pressure lately, after the lack of job creation all but stopped the economic recovery in its tracks. Outside pressure from Europe and China does not make matters any easier, as it appears that the US will have to go it alone. The pop, if any, that Facebook may provide, may be a temporary distraction for traders, but material problems will likely take precedence. Some traders may perhaps wish to consider entering into a bear put spread, — for … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Praxair Escalates Gas Prices

Posted: 17 May 2012 08:48 AM PDT

Praxair Inc.(NYSE:PX) together with its divisions and subsidiaries has announced escalation in gas prices in order to cover the increasing expenses of manufacturing, distribution, and raw material sourcing costs as well as for financing further investment activities.  
Prices of nitrogen and oxygen have been increased up to 12% while argon and hydrogen prices have been raised to 18%. Facility fees or monthly bulk product charges and cylinder rental rates have gone up by 15% while prices for … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

IP Sets Goals For 2020

Posted: 17 May 2012 08:28 AM PDT

International Paper (NYSE:IP) has set voluntary goals to become more sustainable by 2020. These goals have been included in the recently released Sustainability Report for 2011.
Trying to fulfill its myriad commitments, the company is all set to improve energy efficiency in purchased energy use by 15%. Besides, it is also keen on reducing global GHG emissions (Scope 1 and 2) associated with the manufacturing of products by 20%. Further, it seeks to increase third party certified fiber volume by … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

US Stocks Dip After Economic Data

Posted: 17 May 2012 08:17 AM PDT

05/17/12 The major stock averages edged lower following the latest US data releases and ongoing euro zone debt crisis. Jobless claims were unchanged for the latest week, while leading indicators and the Philly Fed survey … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Wyndham Expands Ramada Brand

Posted: 17 May 2012 08:12 AM PDT

Wyndham Worldwide Corporation's (WYN) business unit Wyndham Hotel Group recently signed an agreement with Hoteles Costa del Sol hotel group to franchise three new hotels under the Ramada Worldwide brand in Peru, South America.
Ramada Worldwide is a global chain of nearly 900 midscale and upscale hotels spanning in over 50 countries around the world. Presently, Wyndham Hotel Group's portfolio consists of nearly 90 properties and over 9,000 rooms in Latin America.
The agreement extends … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Watson And Shire In Legal Battle

Posted: 17 May 2012 08:12 AM 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) for the approval of a generic version of Shire's (NASDAQ:SHPGY) ulcerative colitis drug, Lialda.
In response, Shire along with Cosmo Technologies Ltd., and Guiliani International Ltd. filed a suit against Watson Pharma in the U.S. District Court for the Southern District of Florid, to prevent the generic company from commercializing … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Yen Top Performer As Aussie, Euro Stabilize; Sterling Tumble Continues

Posted: 17 May 2012 08:05 AM PDT

Fundamental Headlines
- Jobless Claims in US were Unchanged at 370,000 Last Week – Bloomberg
- Several on FOMC said Easing May Be Needed on Faltering – Bloomberg
- Spain Beset by Bank Crisis, Recession, Bond Pressure – Reuters
- China Overtakes India as Top Gold Consumer – WSJ
- Greece Swears in Caretaker Government – WSJ
European Session Summary
Price action was relatively muted in the overnight sessions, with the Asian market participants bidding up higher yielding currencies and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Euro Slide Continues

Posted: 17 May 2012 07:00 AM PDT

05/17/12 The euro currency remained at a 4-month low against the dollar as European banking concerns and worries about the future of Greece in the euro continue to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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