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Monthly Archives: July 2011

Today’s Winners and Losers

No. Ticker % Change
1 OSBC 32.04
2 RBY 26.17
3 GST 23.33
4 GU 23.20
5 JVA 22.85
6 DVAX 22.22
7 LABL 20.67
8 CLUB 20.58
9 AXTI 20.14
10 RNOW 19.91
11 RGR 19.44
12 GMCR 18.83
13 SKX 16.78
14 CACH 15.97
15 GNC 15.45
16 CLW 14.33
17 CROX 14.31
18 CTHR 13.89
19 USMO 13.79
20 LSI 13.66
21 TBI 13.51
22 NURO 13.31
23 TNC 13.03
24 IRE 12.69
25 LIZ 12.45
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No. Ticker % Change
1 SQNS -40.38
2 TQNT -24.58
3 FBC -21.49
4 THQI -21.41
5 ICAD -21.23
6 CLWR -20.76
7 MSHL -20.73
8 SPRT -20.52
9 ALU -20.16
10 AKAM -18.45
11 S -18.22
12 HRC -17.62
13 QTM -17.25
14 IPG -16.49
15 LMLP -16.01
16 STRA -15.77
17 TNCC -15.57
18 AEA -14.13
19 IMAX -14.00
20 OSK -13.99
21 BABY -11.88
22 OSTK -11.39
23 HRBN -10.58
24 CPSS -9.65
25 GTI -9.38

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Ken Langone: Obama’s Behavior Destroying Economy, Country

Ken Langone: “He’s not bringing us together. He’s willfully dividing us. He’s petulant,” Langone told CNBC.

“If this guy worked like hell to be president, he’s got it. Behave like a president. Let me look to you as a model of how we should behave. So what does he say: fat cats, jet airplanes, what’s the purpose?”

obama200getty.jpg
President Barack Obama
(Getty Images photo)

That purpose, Langone says is to divide the nation but accusing others of not doing their fair share to contribute to the country’s finances, said Langone, now chairman and CEO of investment bank Invemed Associates.”

Full article

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Goldman Sachs and Other Property Owners Rake in Cash in the Storage Sector

As reported a few weeks ago, many investment banks have turned urban blight into greenback delight by using buildings and storage warehouses to hold stockpiles of about 25% of the worlds industrial metal aluminum.

This has also created a supply pinch as they are hoarding more than exporting. HMMMMMMMM

Full article

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CLP FFO beats estimates

BIRMINGHAM, Ala.–(BUSINESS WIRE)– Colonial Properties Trust (NYSE:CLP – News) announced its results for the quarter ended June 30, 2011.

For the second quarter 2011, the company reported a net loss available to common shareholders of $6.4 million, or $0.08 per diluted share, compared with a net loss available to common shareholders of $11.8 million, or $0.17 per diluted share, for the same period in 2010. For the six months ended June 30, 2011, the company reported a net loss available to common shareholders of $18.1 million, or $0.22 per diluted share, compared with a net loss available to common shareholders of $24.2 million, or $0.36 per diluted share, for the same period in 2010. The change from the prior year periods is primarily attributable to an increase in net operating income (NOI) from the company’s multifamily same-property communities, as a result of improving rental rates, and income from multifamily properties acquired in 2011.

Funds from Operations Available to Common Shareholders and Unitholders (“FFO”), a widely accepted measure of REIT performance, for the second quarter 2011 was $28.7 million, or $0.32 per diluted share, compared with $20.7 million, or $0.27 per diluted share, for the same period in 2010. FFO for the six months ended June 30, 2011, totaled $51.9 million, or $0.58 per diluted share, compared with $41.3 million, or $0.54 per diluted share, for the same period in 2010. The change from the prior-year periods is primarily attributable to an increase in NOI from the company’s multifamily same-property communities, as a result of improving rental rates, and income from multifamily properties acquired in 2011. FFO per share reflects the additional common shares issued under the company’s “at-the-market” equity offering programs in 2010 and the six months ended June 30, 2011.

A reconciliation of net loss available to common shareholders to FFO and to Operating FFO, as well as definitions and statements of purpose, is included in the financial tables accompanying this press release.

“Multifamily fundamentals continued to improve during the second quarter, leading to an increase in our 2011 full-year same-property NOI and FFO per share guidance range,” stated Thomas H. Lowder, Chairman and Chief Executive Officer. “Our new and renewal lease rates are accelerating, while resident turnover has declined and occupancy levels have remained high. The second quarter results demonstrate our ability to capitalize on these fundamentals, execute on our balance sheet targets and focus on growing the company.”

Highlights for the Second Quarter 2011

Multifamily same-property NOI increased 7.5 percent compared with second quarter 2010

Multifamily same-property revenue increased 3.9 percent compared with second quarter 2010

Ended the quarter with multifamily same-property physical occupancy of 96.2 percent

Resident turnover levels declined to 58.7 percent at June 30, 2011 from 62.6 percent the prior year

Increased full-year 2011 same-property NOI guidance range to 5.5 to 7.0 percent, up from 4.0 to 6.0 percent

Announced $75 million “at-the-market” equity offering program, which was subsequently completed in early July with 3.6 million shares issued at an average price of $20.67 per share

Subsequent to quarter end, completed a $250 million seven-year unsecured term loan, reducing outstanding borrowings under our unsecured credit facility

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Upgrades and Downgrades This Morning

Upgrades

REE – Rare Element initiated with a Buy at Global Hunter Securities

CAVM – Cavium Networks upgraded to Buy from HYold at Gleacher

CSCO – Goldman upgrades Cisco to a buy

RES – RPC upgraded to Accumulate at Global Hunter Securities

GPS – Gap upgraded to Buy from Hold at Jefferies

LVLT – Level 3 upgraded to Market Perform from Underperform at Raymond James

EQIX – Equinix target raised to $130 from $120 at Stifel Nicolaus

REGN – Regeneron Pharms upgraded to Outperform at RBC Capital Mkts

SODA – SodaStream target raised to $80 at Oppenheimer

SPG – Simon Properties target raised to $130 from $120 at Stifel Nicolaus

CEO – CNOOC Ltd upgraded to Buy from Neutral at UBS

TUP – Tupperware upgraded to Buy from Above Average at Caris

CROX – Crocs target raised to $35 from $30 at Stifel Nicolaus

ACW – Accuride upgraded to Buy at BTIG

Downgrades

HES – Hess downgraded to Market Perform at Howard Weil

LRCX – Lam Research target lowered to $60 from $64 at Stifel Nicolaus

AKS – AK Steel downgraded to Neutral from Positive at Susquehanna

UBS – UBS AG downgraded to Neutral from Buy at Rochdale

GG – Goldcorp downgraded to Buy from Action List Buy at TD Newcrest

CCMP – Cabot Micro downgraded to Neutral from Buy at Longbow

DEST – Destination Maternity downgraded to Neutral from Buy at Sterne Agee

TQNT – TriQuint Semi target lowered to $10 from $14 at Northland Securities

KNX – Knight Transportation downgraded to Neutral from Buy at Sterne Agee

 

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Gapping Up and Down This Morning

Gapping up

GMCR +17.5%, SODA +3.8%, ABVA +13.6%, BBVA +2.1%, SYMC +1.8%, BT+5%, AMP +1.8%, XCO +2.1%,DVAX +29.6%,  BCS +1.3%,  CNQR+1.7%, SKX +1.4%, SNY +1.3%, KEX +1%, JVA +7.3%, SBUX +1.1%, IRE+9.7%, BBVA +2.1%, UBS +1%,RBS +1.1%, SNY+1.3%, KEX +1%, LINE +0.8%, BLDP +11.9%, AXTI +11.3%, CSCO +2%, CROX +9.3%, CIDM +8.7%, LSI +8.7%, BBX +8.7%, SPN +7.4%, JVA +6.7%, IDCC +6.1%, EQIX +4.9%, WFM +4.4%, 

Gapping Down

SQNS -28.7%, S -10.9%, BG -3.4%,  AEA -6.2%, LOGM -6%, TER -5.5%, VAR -5.4%, GG -1.4%, SI -0.8%, MUR -5.4%, BPAX -3.9%, ASMI -3%, CLF -2.2%, LOGI -8.8%, SFLY -7.6%, RCL -7.3%, CTXS -7.1%, BMC -6.6%,
AVB -2.1%,  IVR -0.6%, AWAY -1.8%, AFL -0.6%, MUR-5.4%, ALU -10.4%, TER -9.2%, TQNT -18.7%, AKAM -14.2%, QTM -11.5%, THQI -15.6%,  CLF -5.3%, WLL -5.2%, OSK -4.5%, REV -3.8%, AKAM -14.2%, 

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