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The ETF Select List Is Here ! And It Stinks!
Friday, March 11, 2011 - 8:28am | 776Schwab published an ETF Select List of what it describes as the best fund choices for 50 categories. While there is a little utility, for the most part it is worthless. The list seems to be targeted at an Investing 101 or maybe Investing 102 audience. Most of the equity categories are broad and so...
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Dow Announces Early Results of Its Debt Tender Offers
Wednesday, March 9, 2011 - 9:17am | 84The Dow Chemical Company (NYSE: DOW) announced today the early results for its previously announced modified “Dutch Auction” cash tender offers for certain notes issued by Dow and its subsidiaries, Union Carbide Corporation and Rohm and Haas Company. In addition, the Company announced it raised...
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Are CBT rate hikes adequately priced in?
Tuesday, March 8, 2011 - 2:24pm | 720Awhile back we mentioned that one key indicator to watch in Turkey going forward was its current account deficit (CAD)/GDP ratio, which as the FT noted today in regards to Turkey's suddenly diverging 5yr-CDS spread with Russia (with whom it had been treading in parity) is largely a function of its...
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Benzinga's After Hours Gainers (SPRD, ALTH, RSH, LXU)
Thursday, March 3, 2011 - 7:55pm | 178Among the stocks that rose in after hours trading on Thursday were Spreadtrum Communications (NASDAQ: SPRD), Allos Therapeutics (NASDAQ: ALTH), RadioShack (NYSE: RSH) and LSB Industries (NYSE: LXU). Spreadtrum Communications (SPRD) announced better than expected earnings, sending the stock up more...
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Solutia Completes Refinancing of Senior Secured Term Loan
Thursday, March 3, 2011 - 4:23pm | 222Solutia Inc. (NYSE: SOA), a market-leading performance materials and specialty chemicals company, today announced that it has completed the refinancing of its existing senior secured term loan and paid down an additional $18 million of debt in conjunction with the refinancing. Over the past year,...
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LSB Industries, Inc. Reports Results for the 2010 Fourth Quarter and Year
Thursday, March 3, 2011 - 4:07pm | 266LSB Industries, Inc. (NYSE: LXU) announced today results for the fourth quarter and year ended December 31, 2010. Fourth Quarter 2010 Financial Highlights Compared to Fourth Quarter 2009: Net sales were $172.2 million, a 49.3% increase from $115.3 million; Operating...
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Morgan Stanley Raises PT on The Dow Chemical Company to $48 (DOW)
Thursday, March 3, 2011 - 9:05am | 144Morgan Stanley is out with its report today on The Dow Chemical Company (NYSE: DOW), raising its PT from $45 to $48. In a note to clients, Morgan Stanley writes, "Rising petrochemical inflation a net positive Dow; raising our price target to $48. The company's cost-advantaged position in its US...
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Deutsche Bank Says Eastman Chemical Investor Day Exceeds Expectations
Wednesday, March 2, 2011 - 11:05am | 125In a report published by Deutsche Bank, Eastman Chemical's (NYSE: EMN) investor day exceeded expectations. Deutsche reported that the Q1 and 2011 guidance has been raised and a solid 2013 EPS target of $10/share. “Eastman's investor meeting exceeding expectations with the raising of Q1 guidance by...
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Dahlman Rose Raises PT On Eastman Chemical Company To $105
Wednesday, March 2, 2011 - 9:31am | 146Dahlman Rose has published a research report on Eastman Chemical Company (NYSE: EMN) after attending the company's investor day. In the report, Dahlman Rose writes "We came away from Eastman's Investor Day more comfortable in our belief that the company can sustainably grow its earnings by building...
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Dahlman Rose Raises PT on Eastman Chemical Co. to $105 (NYSE: EMN)
Wednesday, March 2, 2011 - 8:39am | 118Dahlman Rose is out with its report on Eastman Chemical Co. (NYSE: EMN), raising its PT from $88 to $105. In a note to clients, Dahlman Rose writes, "Given a stronger economic outlook, capacity additions, improved margin profile, lower interest charges, and reduced share count, we are raising our...
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Fast Money Pops & Drops, March 1st (CCL, BYD, LO, EMN, VVUS)
Tuesday, March 1, 2011 - 8:41pm | 277On CNBC's Fast Money Pops & Drops, Tim Seymour said that COO of Carnival Corporation (NYSE: CCL) sold 180,000 shares in late February. He thinks that it would be smart to stay away from this stock. Carnival Corporation (CCL) fell 6.07% today, and closed at $40.08. Pete Najarian commented on...
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Options Brief: Olin Corporation (OLN)
Tuesday, March 1, 2011 - 11:35am | 86Shares of Olin Corporation (NYSE: OLN) are higher on the session by 4.14%, trading at $19.38. Overall call volume is now running at 5.48x the daily average, with 62% of all calls traded being purchases on the offer. 1,579 contracts have traded on the session so far. Olin Corporation is a...
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Dow AgroSciences Receives First International Patent
Tuesday, March 1, 2011 - 11:21am | 99Dow AgroSciences LLC, a subsidiary of The Dow Chemical Company (NYSE: DOW), announced today the publication of an international patent application for its lead commercial herbicide tolerance event in corn. The corn event is part of Dow AgroSciences' innovative new class of herbicide tolerant...
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Olin's Acquisition Of SunBelt Proving Accretive, Oppenheimer Maintains Outperform
Tuesday, March 1, 2011 - 9:18am | 124Oppenheimer has published a research report on Olin Corporation (NYSE: OLN) after the company's acquisition of SunBelt, which is already proving to be accretive. In the report, Oppenheimer writes "OLN acquired the 50% of its highly profitable SunBelt Chlor Alkali Partnership that it did not already...
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Huntsman Corporation Steady As She Goes
Monday, February 28, 2011 - 8:47am | 76According to J.P. Morgan, there were few operational surprises in Huntsman Corporation's (NYSE: HUN) 4Q10 earnings release. J.P. Morgan reported that Huntsman rebounded from earnings losses in 2009 to earn $0.73 in 2010. “We lifted our 2011 EPS forecast from $1.30 to $1.35 primarily to reflect...