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RealD initiated with "buy"

NEW YORK, August 24 (newratings.com) - Analysts at Stifel Nicolaus & Company initiate coverage of RealD Inc (ticker: RLD) with a "buy" rating. The target price is set to $25. [more]

Qlik TechnoloIgies initiated with "buy"

NEW YORK, August 24 (newratings.com) - Analysts at Stifel Nicolaus & Company initiate coverage of Qlik TechnoloIgies Inc (ticker: QLIK) with a "buy" rating. The target price is set to $20. [more]

Hewlett-Packard initiated with "neutral"

NEW YORK, August 24 (newratings.com) - Analysts at Wedbush Morgan initiate coverage of Hewlett-Packard Co (ticker: HPQ) with a "neutral" rating. The target price is set to $44. [more]

Dollar Marks its Biggest Rally this Year as Sentiment Crumbles on Fed’s, China’s Fundamental Stumbles

The financial headlines were splashed with the horrendous performance of global equities and commodities Wednesday; but the real story for the day was the activity in the currency market. Looking at the benchmark for stock activity (one of the most accepted proxies for investor sentiment), the Dow Jones Industrial Average dropped a remarkable 2.49 percent.

Skechers-Olivet In Licensing Deal

Skechers USA Inc. (NYSE:SKX), the designer, marketer and distributor of footwear, recently entered into a licensing deal with the luggage maker, Olivet International, whereby the latter will design, produce and distribute suitcases, wheeled totes, duffle bags and garment bags bearing the Skechers logo.

The new luggage collection, which is slated to be launched in the fall of 2011 in the U.S. and Canada, marks an addition of yet another product to Skechers’ brand portfolio.

In … [visit site to read more]

Monsanto Trims Guidance

Monsanto Company (MON) reduced the higher-end of its EPS guidance for fiscal 2010 to $2.40-$2.45 from $2.40-$2.60 based on the restructuring expense that the company is expected to incur in relation to its Roundup business.

Earlier this year, Monsanto reduced the prices of Roundup herbicides to make them a more economical option for the farmers. The company now plans to begin some restructuring program for its Roundup brand to enhance its multiple uses of weed control.

The … [visit site to read more]

Norfolk Initiated At Neutral

We are initiating coverage on Norfolk Southern (NYSE:NSC) with a Neutral recommendation. Currently, the stock has a Zacks Rank of #3 (Hold).

In the reviving economy, we believe Norfolk is favorably positioned for the near term. Volume gains are also likely across most of the business segments as the economy continues to gain traction. The company is hiring back the employees it had furloughed during the recession and remains committed to shareholders in the form of higher dividend and … [visit site to read more]

Jacobs Wins Engineering Contract

Jacobs Engineering Group Inc. (JEC) has won a contract from Valley Metro Rail, Inc. (METRO) for the Central Mesa Light Rail extension project worth $12.5 million. For the initial two years, Jacobs will be assisting with its engineering services, which will be followed by the construction of the project. The entire project is expected to be completed by 2016.

Jacobs received a total of 12 contracts in the month of August 2010. This continuous inflow of contracts will definitely pull … [visit site to read more]

Neutral On Overseas Shipholding

We initiate coverage on Overseas Shipholding Group Inc. (NYSE:OSG) with a Neutral recommendation, which means the stock will perform mostly in line with the broader market. The company reported mixed financial results for the second quarter 2010. Revenue beats the Zacks Consensus Estimate but earnings per share significantly fell below it.

As a market leader in global energy transportation services segment, Overseas Shipholding maintains a state-of-the-art fleet of vessels with major … [visit site to read more]

AWS Acquisition Upgrades AAR

We have upgraded our recommendation on AAR Corp. (AIR) from Underperform to Neutral based on the Aviation Worldwide Services (AWS) acquisition, which is expected to be accretive to earnings and margins in fiscal 2011 and beyond.

The new acquisition has already started laying eggs with the increase in the total aircraft backlog, which increased to approximately $597,700 compared with $492,500 at the end of the previous year.

Aviation Worldwide Services (AWS), a leading provider of … [visit site to read more]

NTT Pursuing Global Ambitions

Nippon Telegraph & Telephone Corp. (NYSE:NTT), the largest integrated telecom operator in Japan, has taken a major strategic move to boost its cloud computing and integrated communications services businesses throughout the world. NTT’s strategy is to maintain its leadership position in the domestic telecom market and siege selected international opportunities to drive long-term growth. However, in last one year, the company is desperately trying to establish its NTT Communications division … [visit site to read more]

Forest Labs Presents Mixed Data

Recently, Forest Laboratories Inc. (NYSE:FRX) announced preliminary top-line data from an 8-week mid-stage study (n=233) of its candidate cariprazine (RGH-188). The study, designed to be exploratory, evaluated the efficacy, safety and tolerability of cariprazine versus placebo in patients suffering from bipolar depression. All 233 patients were enrolled from US clinical sites and were between 18 and 65 years old.
Cariprazine is being developed in collaboration with Gedeon Richter Plc. The … [visit site to read more]

Cooking Up An Inverse Head And Shoulder Reversal

What can I say without it sounding too much like I’m bragging. The market performed beautifully yesterday (if your one of those leaning to the bullish side of this boat we’re floundering in) and seems to have followed through today.
Having said that, there isn’t sufficient indication to jump in with both feet yet. With the market closed Monday for Labor Day, at 1090 the market is just barely above the converged 50- and 300-dma’s. Another 3.5% move up above 1128 and the market would cross what … [visit site to read more]

Vicor Tech Q2 Disappoints

Second Quarter Earnings
Vicor Technologies, Inc. (VCRT) reported earnings for the second quarter ending June 30, 2010 on August 16, 2010. Results were disappointing with revenue and system placements both well below our forecast.
Vicor generated $8k in total revenue compared to our $202k forecast. The company did not break out instrument and testing revenue. However, based on the 75% gross margin, we suspect that all of the quarterly revenue was generated from testing with no system … [visit site to read more]