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Stocks To Watch For July 20
Wednesday, July 20, 2011 - 1:19am | 261Some of the stocks that may grab investor focus today are: Wall Street expects American Express Company (NYSE: AXP) to report its Q2 EPS at $0.98 on revenue of $7.35 billion. AXP shares gained 0.37% to $52.00 in after-hours trading. Apple Inc (NASDAQ: AAPL) reported upbeat quarterly results....
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Is It Time To Buy Cisco?
Tuesday, July 19, 2011 - 7:05pm | 1462Last week, search engine giant, Google (GOOG) jumped 15% in one day. About six weeks ago, I wrote a post stating that Google was undervalued by 33%, and worth buying at around $500 per share. Since then it's jumped to $600, a whopping 20% jump, more if managed to get in at the low point. Quite a...
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Malus domestica Produces 07-19-2011
Tuesday, July 19, 2011 - 6:41pm | 973Cusick's Corner AAPL: in the infamous words of Harry Caray, "Holy Cow!" The large cap Tech company blew earnings away and still led with conservative guidance, no surprise, into Q3. While the NASDAQ futures popped, the S&Ps have muted reaction to the After Hours news, further stressing that...
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Valeant Pharmaceuticals Announces Distribution Agreement for Zuacta™ in Canada
Tuesday, July 19, 2011 - 5:05pm | 194Valeant Pharmaceuticals International, Inc. (NYSE: VRX) announced today that its subsidiary, Valeant International SRL, has entered into an agreement with sanofi-aventis Canada Inc. for the Canadian marketing and distribution rights to Zuacta™, a topical cream of zucapsaicin, which is indicated to...
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Valeant Pharmaceuticals Announces Distribution Agreement with sanofi-aventis for Zuacta in Canada
Tuesday, July 19, 2011 - 5:04pm | 119Valeant Pharmaceuticals International, Inc. (NYSE: VRX) announced today that its subsidiary, Valeant International (Barbados) SRL, has entered into an agreement with sanofi-aventis (NYSE: SNY) Canada Inc. for the Canadian marketing and distribution rights to Zuacta™, a topical cream of zucapsaicin...
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Will AAPL Succumb to Gravity? 07-19-2011
Tuesday, July 19, 2011 - 3:21pm | 1030Cusick's Corner GS reports bad numbers, the market goes up -- that is strong. Finance continues to lag the market, but one thing that traders and investors cannot ignore is that when rates do move, money will cycle into this sector. At this stage the conviction is in Tech and traders are waiting...
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CEL-SCI Corporation and Teva Pharmaceuticals Expand Licensing Agreement
Tuesday, July 19, 2011 - 10:54am | 175CEL-SCI Corporation (NYSE: CVM) announced today that it has expanded the licensing agreement with Teva Pharmaceutical Industries (NASDAQ: TEVA) for its cancer drug Multikine. Under the agreement, Teva's exclusive license to market and distribute Multikine, the Company's investigational Phase III...
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Dow Jones Industrial Average Companies Increase Expected Dividend Distribution by 12.66% From a Year Ago
Tuesday, July 19, 2011 - 10:14am | 546The Dow Jones Industrial Average's 30 component companies are expected to increase their annual dividend payout by 12.66% year-over-year and 2.93% from the previous quarter, according to a second-quarter 2011 survey by Dow Jones Indexes. DJIA component companies' $101.6 billion expected...
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Earnings Roundup
Tuesday, July 19, 2011 - 9:01am | 896Harley-Davidson Inc (NYSE: HOG) reported a strong rise in its second-quarter net income and lifted its forecast of shipments for the full year. HOG's quarterly profit increased to $190.6 million, or $0.81 per share, from $71.2 million, or $0.30 per share, in the year-ago quarter. Its revenue...
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Allergan to Acquire Privately Held Dermatologic Company, Vicept Therapeutics
Tuesday, July 19, 2011 - 9:01am | 265Vicept Therapeutics and Allergan, Inc. (NYSE: AGN) today announced that they have entered into a definitive agreement for Allergan to acquire all of the outstanding shares and assets of the privately-held dermatology company. The agreement, estimated to close in the third quarter of 2011, includes...
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3D Systems Acquires Alibre
Tuesday, July 19, 2011 - 8:38am | 1783D Systems Corporation (NYSE: DDD) announced today that it acquired Alibre, Inc., a provider of affordable 3D design productivity solutions. Alibre delivers a powerful suite of full parametric CAD solutions that are easy to own and simple to use for makers and designers alike. Based in Richardson...
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UPDATE: Johnson & Johnson Reports Upbeat Q2 Profit
Tuesday, July 19, 2011 - 8:35am | 87Johnson & Johnson (NYSE: JNJ) released its results for the second quarter on Tuesday. JNJ's quarterly earnings dropped to $2.78 billion or $1 per share, from $3.45 billion, or $1.23 per share, in the year-earlier period. Excluding one-time items, JNJ's earnings came in at $3.55 billion, or $1....
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Benzinga's Top Pre-Market Losers
Tuesday, July 19, 2011 - 8:22am | 103Goldman Sachs Group Inc (NYSE: GS) dipped 3.46% to $124.85 in the pre-market session. GS reported downbeat profit for the second quarter. Whirlpool Corp (NYSE: WHR) dropped 2.37% to $73.81 in the pre-market trading. WHR's trailing-twelve-month profit margin is 3.37%. Johnson & Johnson (NYSE...
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UPDATE: Novartis Reports 12% Rise In Q2 Net Profit
Tuesday, July 19, 2011 - 6:35am | 62Novartis AG (NYSE: NVS) reported a 12% surge in its second-quarter net profit. The company's net profit increased to $2.73 billion, from $2.44 billion in the year-earlier period. Novartis' core net profit, excluding exceptional one-off costs, surged to $3.56 billion from $2.77 billion. Group...
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US Stock Futures Up As Investors Await Earnings Reports
Tuesday, July 19, 2011 - 6:26am | 417US stock futures are higher this morning, as investors are awaiting quarterly earnings from major companies. Futures on the Dow Jones Industrial Average surged 71 points to 12,399.00 and futures on the S&P 500 stock index rose 8.30 points to 1,308.70. Nasdaq 100 futures gained 15.75 points to 2...