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Corning upgraded to "outperform"

NEW YORK, August 24 (newratings.com) - Analysts at Oppenheimer & Co upgrade Corning (ticker: GLW) from "perform" to "outperform." The target price is set to $20. [more]

Enterprise Products Partners LP initiated with "outperform"

NEW YORK, August 24 (newratings.com) - Analysts at Oppenheimer & Co initiate coverage of Enterprise Products Partners LP (ticker: EPD) with an "outperform" rating. The target price is set to $43. [more]

Hudson Pacific Properties initiated with "hold"

NEW YORK, August 24 (newratings.com) - Analysts at KeyBanc Capital Markets initiate coverage of Hudson Pacific Properties Inc (ticker: HPP) with a "hold" rating. [more]

Spectra Energy Partners LP initiated with "perform"

NEW YORK, August 24 (newratings.com) - Analysts at Oppenheimer & Co initiate coverage of Spectra Energy Partners LP (ticker: SEP) with a "perform" rating. [more]

Regency Energy Partners LP initiated with "outperform"

NEW YORK, August 24 (newratings.com) - Analysts at Oppenheimer & Co initiate coverage of Regency Energy Partners LP (ticker: RGNC) with an "outperform" rating. The target price is set to $29. [more]

Plains All American Pipe8line LP initiated with "outperform"

NEW YORK, August 24 (newratings.com) - Analysts at Oppenheimer & Co initiate coverage of Plains All American Pipe8line LP (ticker: PAA) with an "outperform" rating. The target price is set to $68. [more]

ONEOK Partners LP initiated with "outperform"

NEW YORK, August 24 (newratings.com) - Analysts at Oppenheimer & Co initiate coverage of ONEOK Partners LP (ticker: OKS) with an "outperform" rating. The target price is set to $80. [more]

Magellan Midstream Partners LP initiated with "outperform"

NEW YORK, August 24 (newratings.com) - Analysts at Oppenheimer & Co initiate coverage of Magellan Midstream Partners LP (ticker: MMP) with an "outperform" rating. The target price is set to $56. [more]

Energy Transfer Partners L P initiated with "perform"

NEW YORK, August 24 (newratings.com) - Analysts at Oppenheimer & Co initiate coverage of Energy Transfer Partners L P (ticker: ETP) with a "perform" rating. [more]

China Medical Technologies initiated with "buy"

NEW YORK, August 24 (newratings.com) - Analysts at Deutsche Bank initiate coverage of China Medical Technologies Inc (ticker: CMED) with a "buy" rating. [more]

CSC Looks Evenly Poised

The winning spree for Computer Sciences Corporation (NYSE:CSC) does not seem to end, as the company has again won a deal worth $50.0 million to provide analytics modernization services to the Department of Defense (DoD). This is a subcontract awarded to Computer Sciences, by a California-based company, Northrop Grumman Corporation (NYSE:NOC), which will provide analytics modernization services to the Department of Defense.
As per the terms of the agreement, the tech major will provide analytics and … [visit site to read more]

Investing In The Markets With The Threat Of A Double Dip Recession

Lee W. Appleton, CFA is Vice President, Portfolio Manager at Matco Financial
Biography: Mr. Appleton is a member of the Matco investment committee and Matco’s Canadian Equity Group, which is responsible for managing the Canadian Equity, Small Cap, and Energy Portfolios. Prior to joining Matco, Mr. Appleton was with Computerized Portfolio Management Services Inc., one of North America’s leading independent equity research firms. He can be reached by email at: lappleton (at) matcofinancial … [visit site to read more]

Walgreen To Acquire Pharmacies

Walgreen (NYSE:WAG), one of the largest retail pharmacies in the US, entered into an agreement with Graymark Healthcare (NASDAQ:GRMH) to acquire the latter’s retail pharmacy business, 18 ApothecaryRx pharmacies of 5 states – Colorado, Oklahoma, Minnesota, Missouri and Illinois. The transaction is expected to close in the fourth quarter of 2010.
While financial terms of the deal were not disclosed, Graymark expects to realize total enterprise value of $35 million. Following this divestment, … [visit site to read more]

Tampa Electric To Lower 2011 Rates

Tampa Electric Company, a subsidiary of TECO Energy Inc. (NYSE:TE), has requested permission from Florida Public Service Commission (FPSC) to trim the fuel portion of all customers’ bills beginning January 2011.

If approved, Tampa Electric estimates that the new rates will lower the monthly bill for a residential customer using 1,000 kilowatt-hour (kWh) of electricity to $107.51 effective January 2011. This represents a saving of roughly $5.22 for residential customers. The company also … [visit site to read more]

IBM Develops Fastest Chip

International Business Machines Corp. (NYSE:IBM) announced the availability of world’s fastest microprocessor that will begin shipping to customers from Sep 10, 2010.
The z196 processor is a four-core chip that contains 1.4 billion transistors on a 512-square milimeter (mm) surface. The chip was manufactured by using 45 nanometer (nm) silicon on insulator (SOI) processor technologies.
The microprocessor chip can pick up speeds of up to 5.2 gigahertz, which means the chip’s controlling clock … [visit site to read more]

Quote Du Jour: Dylan Grice – Focus On Things We Know

I referred to some comments by Albert Edwards from Société Générale in a post a few days ago. Today’s quote of the day comes from his colleague on the SocGen Global Strategy Team, Dylan Grice. Not only is Grice brilliant at his game but also a wordsmith of note.
“Some have said that the key risk investors face today is ‘policy error’. But isn’t that always the key risk? Financial history is one long series of ‘policy errors’ and while policy makers labor under the delusion … [visit site to read more]

Rail Traffic At Highest Level Since 2008

WASHINGTON , D.C. – Sept. 2, 2010 – “The Association of American Railroads (AAR) today reported weekly rail traffic continues to set records with U.S. railroads posting their highest numbers for 2010 in both rail carloads and intermodal volume for the week ending Aug. 28. U.S. railroads originated 302,358 carloads for the week, up 5.8 percent compared with the same week in 2009 and intermodal traffic totaled 237,194 trailers and containers, up 17.1 percent from the same week in 2009 (see … [visit site to read more]

Alexion Remains Neutral

We are maintaining our Neutral recommendation on Alexion Pharmaceuticals (NASDAQ:ALXN) with a target price of $61.
Alexion Pharmaceuticals, based in Cheshire, Connecticut, is a biopharmaceutical company formed in 1992. The company focuses on a strong scientific and product development base for the development of novel antibody therapeutics that target the treatment of patients with a wide array of severe disease states, including autoimmune and cardiovascular disorders, inflammation and … [visit site to read more]

Thank You For The Money!

A little boy wanted to know what it was like to have $1, 000. His mother told him to pray to God for it. He prayed for two weeks but nothing turned up. Then he decided perhaps he should write God a letter requesting the $1,000.
When the post office received the letter addressed to God, they opened it and decided to send it to OBAMA. The President was so impressed, touched and amused that he instructed his secretary to send the little boy $20. He thought this would appear to be a lot of money to … [visit site to read more]

Starwood Debuts Aloft Hotel Europe

Starwood Hotels and Resorts Worldwide Inc. (NYSE:HOT) with its new lifestyle brand Aloft is finally opening its first hotel Aloft Brussels Schuman in Europe, as per the deal in 2007 with Thornsett Group Ltd, an Irish property development company.
The hotel is located at Brussels, the capital of Belgium and the administrative center of the European Union. Thus, the hotel enjoys one of the most strategic locations and will drive corporate traffic from all over the world.
Aloft Brussels Schuman is … [visit site to read more]