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Oxford Resource Partners LP initiated with "overweight"

NEW YORK, August 24 (newratings.com) - Analysts at Barclays Capital initiate coverage of Oxford Resource Partners LP (ticker: OXF) with an "overweight" rating. The target price is set to $23. [more]

RealD initiated with "outperform"

NEW YORK, August 24 (newratings.com) - Analysts at William Blair & Co initiate coverage of RealD Inc (ticker: RLD) with an "outperform" rating. [more]

Steven Madden initiated with "neutral"

NEW YORK, August 24 (newratings.com) - Analysts at CL King initiate coverage of Steven Madden Ltd (ticker: SHOO) with a "neutral" rating. [more]

Genesco initiated with "accumulate"

NEW YORK, August 24 (newratings.com) - Analysts at CL King initiate coverage of Genesco Inc (ticker: GCO) with an "accumulate" rating. The target price is set to $33. [more]

Volterra Semiconductor initiated with "buy"

NEW YORK, August 24 (newratings.com) - Analysts at Jefferies & Co initiate coverage of Volterra Semiconductor Corporation (ticker: VLTR) with a "buy" rating. The target price is set to $27. [more]

Qlik Technologies initiated with "buy"

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

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.

Martek Tops Zacks Consensus

Martek Biosciences Corporation’s (NASDAQ:MATK) third-quarter fiscal 2010 earnings (excluding special items) of 38 cents per share surpassed the Zacks Consensus Estimate by 2 cents and the year-ago earnings by 11 cents.
On a reported basis (including special items), the company earned 35 cents per share in the reported quarter as against 27 cents in the year-ago quarter. The higher earnings in the reported quarter were driven by a surge in sales. Sales in the quarter benefited from the purchase … [visit site to read more]

ECRI Watch: Be Prepared For A Shocker!

The ECRI Weekly Indicator for the week ended August 20 came in at 120.9 compared to the previous week’s downward adjusted 120.7. The closely watched ECRI WLI Smoothed Annualised Growth Rate came in at -9.91% compared to the downward adjusted -10.1% (previously -10.0%) of the previous week. That compares to our forecast of “weakened”.
In the same week the smoothed annualised growth rate of the S&P 500 growth rate fell from 0.6% to -1.5%.
Sources: ECRI (various internet sources); … [visit site to read more]

Will The US Stock Market Break Above August’s Highs?

I have been expecting the daily cycle to bottom on last Friday’s revision to GDP or possibly with Friday’s jobs report. Yesterday’s big rally more than likely confirmed the daily cycle low did come last Friday.
Now we have a test coming. If the market can break above the August highs it will complete a 1-2-3 reversal. That will confirm the trend change from down to up and the odds will be good that we will test the April highs.
Actually I expect we will probably test and at … [visit site to read more]

G-III Apparel Beats, Lifts Guidance

G-III Apparel Group Ltd. (NASDAQ:GIII) swung to a net income of $3.0 million or 15 cents per share in the second quarter of fiscal 2011 from a net loss of $2.8 million or 17 cents per share in the year-ago period. Quarterly result also surged past the Zacks Consensus Estimate for a loss of 2 cents per share.
Bolstered by the strong quarterly performance, G-III Apparel also lifted its fiscal 2011 earnings forecast. The company now expects earnings of $2.60 to $2.70 per share in the fiscal, compared … [visit site to read more]

Mobius: Learning From Past Crises

The paragraphs below come courtesy of Mark Mobius, emerging markets guru and executive chairman of Templeton Asset Management.
On the heels of the global financial crisis, as Europe discusses the implementation of painful austerity measures and the U.S. deliberates the continuation of expensive government spending, I cannot help but draw attention to the relatively good fiscal health of several emerging market countries. While many investors across the globe continue to think of emerging … [visit site to read more]

Gold Poised For A Bullish Breakout

Welcome to a brand new month of trading! In today’s feature is the monthly chart of gold.
The month of August was a good one for the gold bulls as the price of gold was able to rebound after if fell to a low of $1,157.15 per ounce after tapping a new all-time high of $,1265.05 back in June. As you can see, the price of gold sprung back after finding some support at its 19-month uptrend line (black trend line). Presently, it seems that gold is poised for a bullish breakout since it has … [visit site to read more]

Sherwin Expanding Inorganically

The Sherwin-Williams Company (SHW) has acquired Sweden-based Becker Industrial Products AB, a subsidiary of AB Wilh for SEK 1.7 billion (US$227 million). Becker is Europe’s leading manufacturer of industrial coatings for metals and plastics as well as products for surface treatment of wood, and the world leader in artists’ materials. It is also a technology leader in water, UV, and other wood coatings. The transaction is expected to close in the third quarter of 2010.
Sherwin-Williams would … [visit site to read more]

Laugh Out Loud: Economy – Have The Reducing Pills, First!

… [visit site to read more]

Hain Celestial In Neutral Lane

A leader in natural food and personal care products categories with an extensive portfolio of well-known brands, The Hain Celestial Group Inc. (NASDAQ:HAIN) offers investors one of the strongest growth profiles in the industry. The stock is poised to surge once the economy rebounds and demand for healthier and natural food improves.

Acquisitions have been a key part of the company’s strategy to increase its market share. Acquisitions have not only expanded the company’s geographical … [visit site to read more]

Buffett Bids $500M For Wesco Stake

Following up on his intention of buying 19.9% of Wesco Financial Corp.’s (WSC) holding, Warren Buffett — Chairman and CEO of Berkshire Hathaway Inc. (BRK.A, BRK.B) — yesterday formally announced a bid to that effect.
The offer laid down by Buffet to buy the rest of Wesco includes a combination of Class-B shares (Buffet uses Class-B shares for acquisitions) and cash. The total value reserved for the acquisition is approximately $500 million, when measured in terms of the acquiring … [visit site to read more]