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Treasury prices easeBy admin on June 30th, 2009 | No Comments
Treasurys drifted lower Tuesday as investors responded to a stronger than expected report on the housing market and a slower decline in regional manufacturing activity. ... -
After-Hours Movers 6/30: OSK, SNX Higher; FRPT, MYGN,...By admin on June 30th, 2009 | No Comments
Force Protection Inc. (Nasdaq: FRPT) 24% LOWER; sinking on news Oshkosh has won a contract for blast-proof trucks. Oshkosh Corporation (NYSE: OSK) 23% HIGHER; wins $1.06 billion contract for blast-proof truck, according to a source from the Pentagon. Click here for the full report. Myriad Genetics, Inc. (NASDAQ: MYGN) 17% LOWER; announced that, bas... -
Trading Radar for 7/1: General Mills (GIS), Constella...By admin on June 30th, 2009 | No Comments
The Trading Radar highlights key earnings and economic announcements for tomorrow’s trading session: Before Market Opens: Economics: 8:15am ET ADP Employment Report for June - Street expects -394K Earnings: Constellation Brands (NYSE: STZ) - consensus EPS $0.32 General Mills (NYSE: GIS) - consensus EPS $0.80 Lindsay Corp. (NYSE: LNN) - cons... -
Unusual 11 Mid-Day Movers 6/30: NVAX, VICL, GERN, XCO...By admin on June 30th, 2009 | No Comments
Raser Technologies, Inc. (NYSE: RZ) 28.3% LOWER; announced today that it has obtained commitments from institutional investors to purchase approximately $25.5 million of its common stock and warrants in a registered direct offering. Sunrise Senior Living, Inc. (NYSE: SRZ) 27% LOWER; learned that HCP (NYSE: HCP) has filed complaints against Sunrise ... -
Notable Analyst Rating Changes 6/30: FDX, ERTS, TSL, ...By admin on June 30th, 2009 | No Comments
UPGRADES: Barclays upgrades FedEx (NYSE: FDX) from Equal Weight to Overweight, and maintained their $71 price target. Merrill Lynch/BAM is upgrading Electronic Arts (NASDAQ: ERTS) to Buy from Neutral following a modest post-E3 sell-off. Click here for the full report. Morgan Stanley upgraded Trina Solar (NYSE: TSL) from Underweight to Overweight an... -
Notable Mergers and Acquisitions of the Day 6/30: BRC...By admin on June 30th, 2009 | No Comments
Broadcom Corporation (Nasdaq: BRCM) raised its tender offer for all of the currently outstanding shares of common stock of Emulex Corporation (NYSE: ELX) from $9.25 to $11.00 per share in cash, representing a total equity value of approximately $912 million. This is the best offer Broadcom intends to make, reflecting Broadcom’s assessment of... -
Morning Movers 6/30: PHC, VICL, GERN, LEA, XCO Higher...By admin on June 30th, 2009 | No Comments
PHC, Inc., d.b.a. Pioneer Behavioral Health (AMEX: PHC) 48% HIGHER; announced today that capacity at its Capstone facility in Detroit, Michigan has been expanded by 32%, effective immediately, in response to strong demand for the Company’s behavioral healthcare services in the area. Vical Incorporated (Nasdaq: VICL) 26.4% HIGHER; said its vac... -
After-Hours Movers 6/29: HRB, MNTA, APOL HigherBy admin on June 30th, 2009 | No Comments
H&R Block, Inc. (NYSE: HRB) 4.9% HIGHER; reports FY09 EPS from continuing operations of $1.53. Full year revenues were essentially flat at $4.1 billion. Tax Services revenues grew 1.5% to $3.0 billion, compared to the prior period. Business Services revenues declined 4.7% to $897.8 million from $941.7 million in the prior period due to decrease... -
Trading Radar for 6/30: Schnitzer (SCHN), Sealy (ZZ),...By admin on June 30th, 2009 | No Comments
The Trading Radar highlights key earnings and economic announcements for tomorrow’s trading session: Before Market Opens: Economics: 9am ET Consumer Confidence for June - Street expects 55.3 S&P/Case-Shiller Home Price Index for April - Street expects -18.63% Earnings: Schnitzer Steel (Nasdaq: SCHN) - consensus EPS $0.16 Intraday or No... -
Analyst warning sends water groups lowerBy admin on June 30th, 2009 | No Comments
United Utilities and Severn Trent were among the sharpest fallers as the FTSE 100 retreated ...
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