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Daily Highlights: 10/30/09

Fri, 30 Oct 2009 13:25:15 GMT

Asian Stocks rise as earnings, Japan jobless data, stoke growth optimism.Bank of Japan keeps benchmark rate at 0.1%, stops buying corporate debt.Dollar falls for fourth month against Euro, US growth aids risk demand.Japan central bank forecasts 3 years of deflation as it ends emergency credit steps.[More...]

Daily Highlights: Sept 9, 2009

Wed, 09 Sep 2009 13:26:10 GMT

Asian stocks fall on share sales; Alibaba slumps as Chairman pares stake.China looking at investing part of its $300B sovereign-wealth fund in US realty.China plans first offering of yuan sovereign debt outside mainland China, in Hong Kong.China's steel output rises 2% as state spending spurs demand.Euro rises toward 9-month high versus Dollar on speculation of recovery.[More...]

WSJ: Mutual Fund Manager Donald Hodges Sees Decade Ruined - Hodges Fund (HDPMX)

Mon, 30 Mar 2009 01:48:00 GMT

Don Hodges is a mutual fund manager who I've been following with one eye for quite a few years - he runs Hodges Fund (HDPMX) ; we are similar in the "go anywhere" approach, and a quite concentrated portfolios - for his fund there are currently about 50 positions with a high asset concentration in the top 10 positions: >40%. I[More...]

Market Commentary (02-02-09)

Tue, 03 Feb 2009 13:28:00 GMT

Bloomberg had this article out about how the U.S. housing market lost $3.3 trillion in 2008 AND that 1 in 6 people with mortgages are underwater, or 17%. It's not getting any better. We have pending home sales coming out today at 10:00AM - consensus 82.3 (range: 78.2 to 84, previous actual: 82.3). I'll be really surprised if pending sales remained "unchanged". Motor vehicle sales are also coming out (total consensus: 7.7M (range:7.3M to 8.1M, previous actual: 7.7M). This is another consensus estimate where it is also "unchanged". Whatever. You see, [More...]

Cummins Confronted by EPA over Copper Zeolite

Wed, 14 Jan 2009 17:53:00 GMT

JP Morgan analyst Ann Duignan has raised concerns over Cummins, after the news of EPA Concerns about its proposed use of copper zeolite in its 2010 compliant engine range. Copper zeolite has the potential to catalyze dioxin formation in conditions experienced in incinerators and vehicle exhausts claims EPA's Karl Simon, and no other manufacturer has opted to use the substance in SCR-based engines, preferring instead to employ the less contentious iron zeolite. We assume that Navistar will begin to make merry with this claim, but would remind the sole proponent of EGR technology at EPA 10 that we're looking forward to seeing some fuel figures, given MAN's eschewal of EGR for Euro VI - not dissimilar to EPA 10. This[More...]

Knock, Knock… Cummins

Wed, 19 Nov 2008 15:41:00 GMT

Looking through some of the pundit discussions, we saw that Jim Cramer was commenting on Cummins Incorporated (CMI) last night. Cramer quickly laid out some thoughts (as he normally does) stating that he thinks its a great company, but now would not be the time to buy the stock. It also has its ex-dividend date of today, so that ship has sailed as well. With a current dividend yield of about 3.24%, this was not an insignificant opportunity. As with most “lightening round”[More...]

Earnings Review – Oct 31

Fri, 31 Oct 2008 16:24:00 GMT

Advanced Medical Optics (NYSE:EYE) today announced financial results for the third quarter of 2008. Third-quarter net sales rose 1.0% to $275.6Mn; including a 2.7% increase related to foreign currency exchange rate effects.[More...]

Picking Some Stocks To Survive The Market

Mon, 20 Oct 2008 00:04:00 GMT

I have not done well in the markets for the last six weeks. Here is why: Overweight in Life Insurers. Yes, they are in better shape than the banks, but that only means they got hit later, not that they would not get hit. Too much economic sensitivity. I felt that global demand would hold up better than US demand, but that only means they got hit later, not that they would not get hit. I suspect that hedge funds have been blowing out my positions. I’ve ben talking about stock survivability lately. What does that mean? Low levels of short-term debt. Few major debt maturities coming in the next three years. Low levels of total debt relative to tangible capital. Still earning money and producing free cash flow, even in a tough environment. If a company is[More...]

Analyst Comments: Smith Int'l, Plains Exploration, Group 1 Auto, Carnival, UAL Corp, Canon, Quicksilver, BJ Services, Castle Brands

Fri, 12 Sep 2008 21:32:00 GMT

We are upgrading Smith International, Inc. (SII) shares to Buy from Hold following the stock?s recent weakness, which has made valuation very compelling, in our view. The recent completion of the W-H Energy acquisition provides Smith with entry into new product lines with favorable growth prospects, particularly internationally. Looking ahead, we expect the company to generate strong revenue growth and margin expansion, aided by demand acceleration, price increases and cost discipline. We have raised our EPS estimates (2008: $3.87 vs. $3.78; 2009: $4.90 vs. $4.69) and kept our price objective unchanged. Our price objective remains unchanged. Performance of oilfield service companies, including Smith International, is closely tied to capital expenditures by oil and gas companies on exploration and production (E&P) activities. Peak[More...]

Bookkeeping: Cutting Back Cummins Engine on Technical Breach

Tue, 19 Aug 2008 16:13:00 GMT

Cummins Engine (CMI) is breaking down below the 50 day moving average so we're cutting back from a 2.0% stake to 0.3%. The stock price is low $66.20s. We're just sticking to this same game plan and cutting stocks HARD the day they breach support, even if[More...]

New jobless claims and total benefit rolls drop

Thu, 27 Aug 2009 13:51:00 GMT

WASHINGTON - The number of newly laid-off workers filing claims for jobless benefits dropped last week, and the number of people remaining on the rolls also fell, evidence that layoffs have eased.
The Labor Department said Thursday that first-time unemployment claims fell to a seasonally-adjusted 570,000, down from an upwardly revised figure of 580,000 the previous week.
The tally of those continuing to claim benefits dropped to 6.13 million from 6.25 million in the previous week, the lowest level since early April.

: iStockAnalyst.com Symbols Feed

Daily Highlights: 10/30/09

Daily Highlights: Sept 9, 2009

WSJ: Mutual Fund Manager Donald Hodges Sees Decade Ruined - Hodges Fund (HDPMX)

Market Commentary (02-02-09)

Cummins Confronted by EPA over Copper Zeolite

Knock, Knock… Cummins

Earnings Review – Oct 31

Picking Some Stocks To Survive The Market

Analyst Comments: Smith Int'l, Plains Exploration, Group 1 Auto, Carnival, UAL Corp, Canon, Quicksilver, BJ Services, Castle Brands

Bookkeeping: Cutting Back Cummins Engine on Technical Breach

New jobless claims and total benefit rolls drop

Ahead of the Bell: Jobless claims

Westport Reports First Quarter Financial Results

Government Watch 07-12-09

Cummins reopening Ind. plant, while another closes

STIMULUS WATCH: In jobs, what's stability worth?

Power Player: Engineering Firm Generates Success

Indiana Jobless Dip Temporary? Analysts Don't Expect It to Last Long

CIC, Walesboro Take Hits

BRIEF: West Point Closing Deals Blow to Elkin

Cummins Reports Improving Sales and Earnings Despite Continued Widespread Economic Weakness

Cummins Again Recognized As Sustainability Leader on Global, Regional Levels

US DOE Announces Recovery Act Funding for Up to 2,800 Natural Gas Vehicles

Westport Reports First Quarter Financial Results

Cummins Reports Solid Profit and Strong Cash Flow in Second Quarter Despite Continued Global Recession

Cummins Releases Sixth Annual Sustainability Report

Cummins Recognized by National Business Group on Health for Promoting Healthy Lifestyles for Its Employees

Cummins Inc. Declares Quarterly Common Stock Dividend

“Fuel Duel” Confirms 5 Percent Higher Fuel Efficiency for Cummins Tier 4

Extended Range of API Certified DEF Products Now Available from Cummins Filtration

Form 4 HUNT MARSHA L For: Nov 04 (10K)

Form 4 CUMMINS INC For: Oct 19 Filed by: LINEBARGER NORMAN THOMAS (10K)

Form 4 WARE CARL For: Sep 01 (10K)

Form 4 HERMAN ALEXIS M For: Sep 01 (10K)

Form 4 DARNALL ROBERT J For: Sep 01 (10K)

Form 4 CUMMINS INC For: Sep 01 Filed by: MILLER WILLIAM I (10K)

Form 4 NELSON GEORGIA R For: Sep 01 (10K)

Form 4 Gerstle Mark R For: Aug 21 (10K)

Form 4 CHAPMAN STEVEN M For: Aug 07 (10K)

Form 4 NELSON GEORGIA R For: Jun 01 (10K)