Month: July 2011

Economic Data

July 28: Positive Labor Market Report – Economic Highlights

July 28, 2011 0

The debt ceiling debate continues to monopolize headlines, even as a barrage of earnings reports and a surprisingly positive labor market reading try to gain the market’s attention. Weekly Jobless Claims numbers dropped by a bigger-than-expected level, which if sustained in the coming weeks will represent a significant positive for the economy. Weekly Jobless Claims dropped 24 thousand to 398 thousand, dropping below the all-important 400 thousand level for the first time in 16 weeks […]

Stock Analysts

Shell Profit Soars, but Misses View (BP) (RDS.A) (TOT)

July 28, 2011 0

Europe’s largest oil company Royal Dutch Shell plc ( RDS.A ) reported slightly weaker-than-expected second quarter 2011 results, pulled down by lower production, together with a dip in European and Asian refining margins. Earnings per ADR (on a current cost of supplies basis), excluding one-time items and gains or losses from inventories, came in at $2.10, below the Zacks Consensus Estimate of $2.12. Earlier this week, rival BP plc ( BP ) – still battling to recover from the Gulf of Mexico oil spill – also missed earnings forecasts […]

Mergers & Acquisitions

GKN to Acquire Getrag’s Driveline Products Business

July 28, 2011 0

GKN to Acquire Getrag’s Driveline Products Business PR Newswire REDDITCH, England, July 28, 2011 REDDITCH, England , July 28, 2011 /PRNewswire/ — GKN plc today announces its agreement to acquire the all-wheel-drive (AWD) components businesses of Getrag KG, the privately held German company controlled by the Hagenmeyer family. The businesses being acquired, together referred to as “Getrag Driveline Products”, are Getrag Corporation, a joint venture with Dana Corporation based in the United States , and Getrag All Wheel Drive AB, a joint venture with Dana Holding Corporation and Volvo Car Corporation based in Sweden . The core business of Getrag Driveline Products is the Tier 1 supply of geared driveline products, namely Power Transfer Units (PTU) and Rear Drive Units (RDU) for AWD vehicles, along with Final Drive Units (FDU) for high performance rear wheel drive vehicles […]

Economic Data

Positive Labor Market Report – Ahead of Wall Street (AVP) (CL) (DD) (DHI) (PHM) (S) (XOM)

July 28, 2011 0

Thursday, July 28, 2011 The debt ceiling debate continues to monopolize headlines, even as a barrage of earnings reports and a surprisingly positive labor market reading try to gain the market’s attention. Weekly Jobless Claims numbers dropped by a bigger-than-expected level, which if sustained in the coming weeks will represent a significant positive for the economy. Weekly Jobless Claims dropped 24 thousand to 398 thousand, dropping below the all-important 400 thousand level for the first time in 16 weeks […]

Stock Analysts

Cliffs Misses Estimates (BTU) (CLF) (CNX)

July 28, 2011 0

Cliffs Natural Resources Inc. ( CLF ) posted net earnings of $408 million or $2.92 per share in the second quarter up 56.3%, above last year’s $261 million or $1.92 per share. Earnings missed the Zacks Consensus Estimate of $3.72 per share. […]

Stock Analysts

Stock Offloading Hurts Skechers 2Q (DECK) (SKX)

July 28, 2011 0

Skechers USA Inc. ( SKX ), the designer, marketer and distributor of footwear, recently reported wretched second-quarter 2011 results. Weak top-line performance coupled with the company’s aggressive inventory offloading and added product reserve, weighed upon its bottom-line results. […]

Stock Analysts

Positive Labor Market Report (AVP) (CL) (DD) (DHI) (PHM) (S) (XOM)

July 28, 2011 0

The debt ceiling debate continues to monopolize headlines, even as a barrage of earnings reports and a surprisingly positive labor market reading try to gain the market’s attention. Weekly Jobless Claims numbers dropped by a bigger-than-expected level, which if sustained in the coming weeks will represent a significant positive for the economy. Weekly Jobless Claims dropped 24 thousand to 398 thousand, dropping below the all-important 400 thousand level for the first time in 16 weeks […]

Green Energy Corp Receives Funding From Colorado Governor’s Energy Office

July 28, 2011 0

Green Energy Corp Receives Funding From Colorado Governor’s Energy Office PR Newswire DENVER, July 28, 2011 DENVER , July 28, 2011 /PRNewswire-USNewswire/ — Green Energy Corp , a Colorado -based software company that enables traditional and emerging power providers to move to the Smart Grid, today announced that it has been awarded $2,000,000 in American Recovery and Reinvestment Act funding from the Colorado Governor’s Energy Office Revolving Loan Fund. The Governor’s Energy Office (GEO) Revolving Loan Fund Program has approved a $2M loan that will provide working capital for Green Energy Corp to continue development and marketing of the GreenBus Smart Grid software platform. Green Energy Corp, recently named a 2011 Colorado Companies to Watch awardee, has developed the GreenBus to help power utilities modernize their operations, increase their efficiency and automate many processes […]

Max Keiser

Keiser Report: Ghettofication of America (E168)

July 28, 2011 0

[youtube wxQUKCyf8YA] This week Max Keiser and co-host, Stacy Herbert, look at gold’s standing ovation for the Obama-Boehner debt ceiling theater. In the second half of the show, Max talks to Stefan Molyneux about the Fed audit and the debt ceiling. KR on FB: www.facebook.com/KeiserReport […]

Stock Analysts

DuPont Profits, Outlook Bright (DD) (DOW)

July 28, 2011 0

EI DuPont de Nemours & Co. ( DD ) reported an increase in profit of $1.22 billion or $1.37 per share in the second quarter of 2011 from $1.16 billion or $1.17 per share in the same quarter of 2010. The profit exceeded the Zacks Consensus Estimate by 4 cents per share […]

Mergers & Acquisitions

Deluxe Reports Second Quarter 2011 Financial Results

July 28, 2011 0

Deluxe Reports Second Quarter 2011 Financial Results Small Business Services revenue grows 5% Diluted EPS of $0.68; adjusted EPS of $0.75 exceeds high end of outlook Acquires PsPrint, leading web-to-print provider PR Newswire ST. PAUL, Minn., July 28, 2011 ST. PAUL, Minn […]

Technicals

Zacks #5 Rank Additions for Thursday – Tale of the Tape (ACO) (ADPI) (CSFL) (EK) (EVBS)

July 28, 2011 0

Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: AMCOL International ( ACO ) American Dental Partners ( ADPI ) CenterState Banks ( CSFL ) Eastern Virginia Bankshares ( EVBS ) Eastman Kodak ( EK ) View the entire Zacks #5 Rank List . AMCOL INTL CP (ACO): Free Stock Analysis Report AMER DENTAL PDT (ADPI): Free Stock Analysis Report CENTERSTATE BNK (CSFL): Free Stock Analysis Report EASTMAN KODAK (EK): Free Stock Analysis Report EASTERN VA BKSH (EVBS): Free Stock Analysis Report Get all Zacks Research Reports and be alerted to fast-breaking buy and sell opportunities every trading day. […]