December has seen investors going to cash; with the highest levels in a year.
Comments »Yearly Archives: 2011
Christmas Shopping Being Done at Pawn Shops
Pawn shops are experiencing high volume growth this holiday season.
Comments »FLASH: Britain refusing to contribute to IMF part of eurozone bailout fund
Related: Canada tells Germany to look to itself for aid.
Comments »FLASH: S&P Rolls Over and Plays Dead
SHAME ON MORGAN STANLEY: SHARES OF ZYNGA ARE GETTING CRUSHED
Whoever structured this deal should be fired.
Shares of ZNGA are plunging, down 7% to $8.85.
Comments »Home Builder Sentiment Rises for a Third Consecutive Month
Despite the rise, which is good, we are far below the positive line in the proverbial sand.
A revision to 21 was had…well below 50
Comments »This Morning’s Heat Map and A/D Line
Zimmer Holdings Announces a Dividend and Buyback Program
" DOW JONES NEWSWIRES
Zimmer Holdings Inc. (ZMH) initiated a quarterly dividend and authorized a new stock repurchase program as the maker of orthopaedic products joins a growing list of companies looking to return value to shareholders.
The company declared an initial quarterly dividend of 18 cents, which will cost about $129 million a year.
Zimmer will also buyback up to $1.5 billion of stock through Dec. 31, 2014 under a new plan that replaces its prior program authorized through Dec.31, 2013.
Moody’s Investors Service said earlier this month that U.S. medical products and device makers were likely to pursue stock buybacks, dividends and acquisitions to satisfy shareholders and spur growth as demand remains soft and pricing pressure intensifies.
Zimmer in October reported its third-quarter profit rose slightly, though increases in its hip and knee products outside the U.S. contributed to 6.9% revenue growth.
Shares were trading at $48.80, up 2.7%.
-By Melodie Warner, Dow Jones Newswires; 212-416-2283; [email protected]
(END) Dow Jones Newswires”
Comments »
52 Week Highs and Lows Made This Morning
NYSE
New Highs 52 COMPANY SYMBOL HIGH VOLUME ------- ------ ---- ------ Alaska Air Grp ALK 76.51 58,311 Altria Group Inc MO 29.63 1,227,652 Bebidas de Americas ADS ABV 36.62 721,788 BlackRock Build Am Bd Tr BBN 21.25 51,274 BlackRock Long-Term Muni BTA 11.70 8,190 BlkRk MuniYld CA Fd MYC 15.06 3,882 Bristol-Myers BMY 34.54 885,260 Citizens Inc CIA 9.21 9,723 Cross Timbers Royalty Tr CRT 49.00 4,645 DTEEnCo.Series6.50% DTZ 26.23 37,558 Duff & Phelps Utl & Cp Bd DUC 11.98 10,680 Education Realty Trust EDR 9.77 94,144 Entergy Arkansas 2040 EAA 27.19 820 Fed Premier Intemediate FPT 14.24 3,300 Gazit-Globe GZT 9.42 38,682 Generac Holdings GNRC 28.60 27,554 Guggenh Bond Mneg Dur Tr GBAB 21.39 14,200 Heartland Payment HPY 24.28 61,072 Heckmann HEK 6.94 1,098,773 Inergy Midstream LP NRGM 18.00 122,520 Invesco CA Qty Tr IQC 13.64 1,450 Invesco Mun Prem Inc PIA 8.88 10,662 Invesco NY Qty IQN 15.19 318 MFS Munl Inco MFM 7.13 13,663 Main Street Capital MAIN 20.25 10,442 Nuveen CA Div Fnd NAC 14.15 4,026 Nuveen CA Investment NQC 14.63 5,738 Nuveen CA Muni Mkt NCO 14.65 2,662 Nuveen CA Muni Value NCA 9.38 18,844 Nuveen Div Fnd NAD 14.30 14,476 Nuveen Ins Cal NPC 15.57 1,724 Nuveen Mich Premium Inc NMP 13.98 500 Nuveen NY Performnce Plus NNP 15.26 2,603 Nuveen Pa Investment Qual NQP 14.89 3,182 Nuveen Pa Premium Inc 2 NPY 13.83 721 Nuveen Performance Plus NPP 15.20 16,992 OGE Energy OGE 54.55 12,716 Piedmont Natural Gas PNY 33.93 16,993 Pimco Calif Fund PCQ 13.39 4,336 PionrMuniAdv Tr MAV 14.16 3,119 Public Storage Ser O PSApO 28.45 497 Putnam Muni Opportunities PMO 12.07 13,135 RSC Hldgs RRR 18.20 1,571,795 Rex American Resources REX 21.54 3,479 Sally Beauty Hldgs SBH 21.00 81,381 Scana 7.70%Sers A SCU 29.03 1,235 Telephone & Data Sys Nts TDE 26.16 1,969 Telephone & Data Sys Pfd TDJ 26.70 9,700 Verizon Communications VZ 39.07 2,321,110 VISA (Cl A) V 98.73 528,601 Western Gas Partners LP WES 39.97 27,045 Wisconsin Energy WEC 33.85 83,839 New Lows 25 COMPANY SYMBOL LOW VOLUME ------- ------ ---- ------ Agnico-Eagle AEM 36.32 339,138 Alumina ADS AWC 4.69 142,311 Bank of America Wt A BAC/WS/A 2.05 139,585 Bank of America Wt B BAC/WS/B 0.33 165,723 BlkRk Intl Grwth&Inco BGY 6.98 136,293 Calix CALX 5.64 81,040 China Digital TV Hldg ADS STV 3.30 13,623 China Zenix Auto Intl ADS ZX 2.76 2,950 Covanta Hldg CVA 13.19 81,485 Daqo New Energy ADS DQ 1.50 19,740 E-Commerce China Dangdang DANG 4.12 154,663 EldoradoGold EGO 13.24 2,756,618 Gafisa GFA 5.23 289,786 HDFC Bank Ltd HDB 24.62 245,125 ICICI Bank IBN 24.34 446,711 Korea Equity Fund KEF 8.74 13,413 MFC Industrial MIL 6.27 17,998 Mahanagar Tel MTE 0.87 7,000 Panasonic Cp PC 8.34 21,555 Sappi Ltd SPP 2.59 4,423 STRNS AIG Cap s 2002-11 MKS 16.65 400 SimcerePharm ADS SCR 7.12 4,800 Spansion Cl A CODE 7.34 35,460 6.5% STRATS 2004-2 -1 GJD 14.00 325 WPX Energy Inc. Wi WPXw 17.13 3,000
NASDAQ
New Highs 22 COMPANY SYMBOL HIGH VOLUME ------- ------ ---- ------ America's Car-Mart CRMT 40.77 3,400 Bank of The Ozarks OZRK 29.23 30,213 Carrols Restaurant Group TAST 11.20 52,217 Commercial National Fincl CNAF 23.00 2,401 DXP Enterprises DXPE 31.93 7,089 Edac Tech EDAC 10.69 11,874 ESB Fincl ESBF 14.50 1,795 Hansen Natural HANS 97.97 116,335 InfoSpace INSP 10.45 23,312 Lancaster Colony LANC 71.97 12,157 Mattress Firm Holding MFRM 23.48 3,159 Monotype Imaging Hldgs TYPE 16.82 26,378 PETsMART PETM 51.28 128,640 Raptor Pharm Cp RPTP 7.06 384,334 Ross Stores ROST 47.90 234,200 SPS Commerce SPSC 26.86 3,904 SonoSite SONO 53.82 11,228 Spectrum Pharmaceuticals SPPI 15.15 483,702 Synergetics USA SURG 7.10 34,755 Team TISI 29.44 8,708 Virginia Commerce Bancorp VCBI 7.39 8,330 World Acceptance WRLD 70.96 6,388 New Lows 46 COMPANY SYMBOL LOW VOLUME ------- ------ ---- ------ Allied Healthcare Prdts AHPI 3.17 400 Apollo Investment AINV 6.18 235,977 Ascent Solar Tech ASTI 0.50 24,722 AspenBio Pharma APPY 1.10 14,365 BTU Intl BTUI 2.52 5,642 BancTr Fincl Grp BTFG 1.32 200 Beasley Broadcast (Cl A) BBGI 3.25 4,632 Champion Industries CHMP 0.68 5,361 China Sunergy Co CSUN 0.46 62,347 Cree CREE 21.59 208,142 Digital River DRIV 14.20 67,719 Ditech Networks DITC 0.76 1,505 Echo Therapeutics ECTE 2.00 5,550 EDGAR Online EDGR 0.35 12,800 Energy Conversion Devices ENER 0.20 264,534 Euroseas ESEA 2.41 13,790 GLG Life Tech GLGL 0.64 15,730 Globus Maritime GLBS 2.98 11,900 Hampton Roads Bankshares HMPR 2.65 2,481 Highway Holdings HIHO 2.01 5,263 Horizon Pharma HZNP 4.50 7,144 Human Genome Sciences HGSI 6.87 315,832 iShrs FTSE EPRA/NAREIT IFEU 23.47 337 iShs S&P Glbl Cln Enrgy ICLN 8.24 7,329 iShr S&P Ind Nfty INDY 19.83 11,585 JA Solar Hldgs Co JASO 1.21 311,419 Jiayuan.com Intl ADS DATE 6.03 2,726 Kensey Nash KNSY 19.45 8,453 Knightsbridge Tankers VLCCF 14.19 45,655 Mission NewEnergy MNEL 2.00 27,376 Nautilus Marine Acqn Wt NMARW 0.25 200 NuPathe PATH 1.74 6,978 PDI PDII 5.89 674 PwrShrs MENA Frnt Cntries PMNA 10.12 4,606 RPX RPXC 12.00 3,829 Rainmaker Systems RMKR 0.45 2,000 Salem Comm SALM 2.12 1,700 Shutterfly SFLY 23.00 110,331 Somaxon Pharmaceuticals SOMX 0.42 194,149 StemCells STEM 0.80 112,117 Telik TELK 0.20 26,090 Theratechnologies THER 1.79 33,941 Valence Tech VLNC 0.76 17,088 Village Bank & Trust VBFC 1.27 100 WebMediaBrands WEBM 0.40 9,300 Yandex YNDX 16.87 87,387Comments »
Fed Swap Program May Reach $1 Trillion to Save Europe
BoA Analyst: Gold to Hit $2,500 in 2012
Crack Spreads on the Rise This Morning
Investigators Say Lawmakers Received VIP Discounted Loans From Country Wide
Why did they not get the same type of NINJA loans the lower class got ? “Friends of Angelo” and other public officials got preferential treatment and discounted loans.
Does this prove fraud ? Think about it when lenders and banks said they had no idea of the day to day operations of lending or that the poor were getting loans that would blow up on them.
Comments »Division Among Republicans Over Payroll Tax Cut Bill Rises Into Recess
Lawmakers take budget bill down to the wire again. The bill was originally signed by Boehner, but his base is rejecting its current fashion.
Comments »Upgrades and Downgrades This Morning
| Company | Date | Analyst | Action | From | To |
|---|---|---|---|---|---|
| AMER TOWER CORP (AMT) |
12/16/2011 | Collins Stewart | Reiterated | Buy | |
| BASIC EGY SVCS (BAS) |
12/16/2011 | Dahlman Rose | Upgraded | Hold | Buy |
| CARNIVAL CORP (CCL) |
12/16/2011 | HSBC Securities | Upgraded | Neutral | Overweight |
| ENDURO ROYLT TR (NDRO) |
12/16/2011 | Robert W. Baird | Initiated | Outperform | |
| ROYAL GOLD INC (RGLD) |
12/16/2011 | MLV & Co | Reiterated | Buy | |
| NETSPEND HLDGS (NTSP) |
12/16/2011 | Morgan Keegan | Initiated | Outperform | |
| GREEN DOT CP-A (GDOT) |
12/16/2011 | Morgan Keegan | Initiated | Outperform | |
| SUNCOKE ENERGY (SXC) |
12/16/2011 | KeyBanc Capital Mkts | Initiated | Buy |
| Company | Date | Analyst | Action | From | To |
|---|---|---|---|---|---|
| ALIGN TECH INC (ALGN) |
12/16/2011 | William Blair | Initiated | Outperform | |
| WELLS FARGO-NEW (WFC) |
12/16/2011 | UBS | Initiated | Neutral | |
| US BANCORP (USB) |
12/16/2011 | UBS | Initiated | Buy | |
| SUNTRUST BKS (STI) |
12/16/2011 | UBS | Initiated | Buy | |
| STATE ST CORP (STT) |
12/16/2011 | UBS | Initiated | Buy | |
| REGIONS FINL CP (RF) |
12/16/2011 | UBS | Initiated | Neutral | |
| PNC FINL SVC CP (PNC) |
12/16/2011 | UBS | Initiated | Neutral | |
| NORTHERN TRUST (NTRS) |
12/16/2011 | UBS | Initiated | Neutral | |
| BB&T CORP (BBT) |
12/16/2011 | UBS | Initiated | Buy | |
| BANK OF NY MELL (BK) |
12/16/2011 | UBS | Initiated | Neutral | |
| ZYNGA INC (ZNGA) |
12/16/2011 | BTIG Research | Initiated | Buy | |
| RESEARCH IN MOT (RIMM) |
12/16/2011 | Barclays Capital | Reiterated | Equal Weight | |
| COVIDIEN PLC (COV) |
12/16/2011 | Barclays Capital | Reiterated | Overweight | |
| KOSMOS ENERGY (KOS) |
12/16/2011 | Barclays Capital | Upgraded | Equal Weight | Overweight |
| AVIS BUDGET GRP (CAR) |
12/16/2011 | Barclays Capital | Resumed | Equal Weight | |
| PHARMASSET INC (VRUS) |
12/16/2011 | Robert W. Baird | Downgraded | Outperform | Neutral |
| IMAX CORP (IMAX) |
12/16/2011 | MKM Partners | Initiated | Buy | |
| LENNOX INTL INC (LII) |
12/16/2011 | MKM Partners | Upgraded | Neutral | Buy |
| CUMMINS INC (CMI) |
12/16/2011 | Standpoint Research | Initiated | Buy | |
| SINA CORP (SINA) |
12/16/2011 | Maxim Group | Reiterated | Sell | |
| STONERIDGE INC (SRI) |
12/16/2011 | BB&T Capital Mkts | Initiated | Buy | |
| RESEARCH IN MOT (RIMM) |
12/16/2011 | Brigantine | Downgraded | Buy | Hold |
| BUFFALO WLD WNG (BWLD) |
12/16/2011 | Miller Tabak | Upgraded | Hold | Buy |
| ATHENAHEALTH IN (ATHN) |
12/16/2011 | Stifel Nicolaus | Reiterated | Buy | |
| NAVIGANT CONSLT (NCI) |
12/16/2011 | Northland Securities | Initiated | Outperform | |
| TRANSOCEAN LTD (RIG) |
12/16/2011 | Global Hunter Securities | Upgraded | Reduce | Neutral |
| DISCOVER FIN SV (DFS) |
12/16/2011 | Stifel Nicolaus | Upgraded | Hold | Buy |
| SILVER STD RES (SSRI) |
12/16/2011 | Global Hunter Securities | Initiated | Accumulate | |
| LINEAR TEC CORP (LLTC) |
12/16/2011 | Oppenheimer | Upgraded | Perform | Outperform |
| ATHENAHEALTH IN (ATHN) |
12/16/2011 | Oppenheimer | Upgraded | Underperform | Perform |
Gapping Up and Down This Morning
Gapping up
SAP +2%, CVC +3.5%, NVS +1.5%, DB +2.8%, UBS +2.2%, STD +2%, SAP +2%, BBVA +2.0%, ING +1.8%, CS +1.1%,
TS +1.3%, MT +1.3%, TSRX +8.3%, CMC +2.9%
Gapping down
ALXA -15.2%, ZAGG -2.1%, CEO -2.2%, BP -1.8%, SLV -2.1%, BHP -1.1%, AG -1.7%, SLW -1.7%, PDLI -4.3%
Comments »In Play and On the Wires
Tobias Levkovitch: ‘Raging Bull Market’ Coming to the U.S.
“Stocks are set to rebound like a “raging bull,” as a housing recovery and greater energy independence blow additional winds in the sails of the next equities upturn, says Tobias Levkovich, chief U.S. equity strategist at Citi Investment Research.
Investors are still reeling from the housing bust and ensuing credit crunch and recession followed by a sluggish recovery, market volatility and zero price gains.
“The investment community is distracted by having lost 50 percent-plus in stocks twice since 2000, the plunge in home prices, peak-like profit margins, employment challenges and a potential European sovereign debt/banking crisis,” Levkovich writes in a note, according to CNBC. ”
Comments »AT&T Talks Go Stale in Their Bid for T-Mobile
Higher Dividend Stocks Seriously Outperform Their Lower Paying Peers
Higher divi paying stocks are up 3.7% while lower paying stocks are down 10% for the year.
Comments »
