Managed care and drug company stocks soared Tuesday as Massachusetts voters cast ballots for a special election that could hurt Washington’s push for a health care overhaul. more from source »
Omnova shares jump after higher 4Q earnings (AP)
Shares of Omnova Solutions Inc. soared Tuesday, a day after the specialty chemicals maker reported a jump in fiscal fourth-quarter profit, saying cost cutting offset a decline in revenue. more from source »
Mixed Earnings May Restrain Buying Momentum – RTTNews Daily Market Analysis
The major U.S. index futures are pointing to a mixed opening on Tuesday, with the frail sentiment likely to be disturbed by mixed earnings. Citigroup (C) reported a loss for its fourth quarter, which trailed some estimates. Fears of integration pangs are likely to weigh on the shares of Kraft Foods (KFT). Commodities are... »
Mixed Data And Earnings May Fail To Give Clear Direction To Markets – RTTNews Daily Market Analysis
The major U.S. index futures are pointing to a lower opening on Friday notwithstanding the upbeat manufacturing data released earlier in the day. Intel’s (INTC) encouraging earnings point towards healthy corporate profit growth and JP Morgan (JPM), the first of the major Wall Street firms to report earnings, posted stellar bottom line results, although... »
Buying Momentum May Slow As Traders Confront Uncertainty Yet Again – RTTNews Daily Market Analysis
The major U.S. index futures are pointing to a lower opening on Thursday. The shaky conviction with which traders took up to buying ways in the previous session is likely to be put to test, as economic data released earlier in the day have given rise to uncertainty yet again. The initial claims... »
New Year’s Directionless Trend Likely To Continue – RTTNews Daily Market Analysis
The major U.S. index futures are pointing to a modestly higher opening on Wednesday after the Asian markets retreated sharply on concerns that recovery hasn’t taken root firmly. A report released earlier in the day showed that mortgage application volumes rose 14% in the week ended January 8 compared to the previous week. That... »
Stocks May Slide As Reining-in Measures Amid Uncertain Growth Trigger Concerns – RTTNews Daily Market Analysis
The major U.S. index futures are pointing to a lower opening on Tuesday, with sentiment taking a hit from lackluster results reported by aluminum giant Alcoa (AA). The less encouraging results should stir concerns of the profit recession continuing unabated. The Chinese central bank’s announcement of raising the reserve requirement, seen as a precursor... »
Growth Optimism May Temporarily Allay Uncertainty Fears – RTTNews Daily Market Analysis
The major U.S. index futures are pointing to a higher opening on Monday. After a week of directionless trading, the markets enter the new week with optimism stemming from positive data from China, which showed that exports posted first year-over-year growth in fourteen months. Chinese exports rose 17.7% year-over-year in December, notably higher than... »
Disappointment On Jobs Front May Trigger Some Selling – RTTNews Daily Market Analysis
The major U.S. index futures are pointing to a lower opening on Friday, with sentiment likely to be impacted by the monthly non-farm payrolls report, which revealed that job losses were worse than expectations. The cautious optimism with which the markets waited seems to have come to naught and there is likely to some... »
Nervousness Over Monthly Jobs Report May Lead To Directionless Trading – RTTNews Daily Market Analysis
The major U.S. index futures are pointing to a lower opening on Thursday, with futures trimming some of their losses following the release of the weekly jobless claims report, showing a smaller than expected increase in the number of individuals claiming unemployment benefits. Commodity prices are seeing modest weakness amid news that China is... »
Sentiment May Remain Subdued Due To Uncertainty – RTTNews Daily Market Analysis
The major U.S. index futures little changed on Wednesday, reflecting the indecision of traders. Traders are likely to remain cautious as they look ahead to some key economic reports that can improve the visibility on the economic environment. A private sector employment report released earlier in the day showed a decline in the rate... »
Stocks Could Pause After Recent Run Up – RTTNews Daily Market Analysis
The major U.S. index futures are pointing to a marginally lower opening on Tuesday. Although stocks have been running up in anticipation of a sustainable economic recovery, recent gains expose the averages to the risk of profit taking. With a few key economic reports scheduled to be released over the rest of the week,... »
TeamHealth Says Underwriters Exercised Over-Allotment Option For Its Initial Public Offering – Quick Facts
TeamHealth Holdings, Inc. (TMH) announced that the underwriters of its recent initial public offering of common stock exercised in full their over-allotment option to purchase an additional 1,995,000 shares of common stock from the company at the previously announced price of .00 per share. more from source »
Symetra Financial Estimates Pricing IPO At $12-$14 Per Share
Symetra Financial Corp., a life insurance company, revealed in an amended filing with the U.S. Securities and Exchange Commission that it estimates pricing its initial public offering of 27 million shares of its common stock in the range of to per share. more from source »
DynaVox Files To Sell Up To $125 Mln Of Class A Common Stock In IPO
DynaVox Inc., a provider of speech generating technology, announced filing of registration statement with the U.S. Securities and Exchange Commission for a proposed initial public offering of up to 5 million of Class A common stock. more from source »
Biotechnology Company Codexis Files For $100 Mln IPO
Redwood City, California-based Codexis, Inc., a biotechnology company, announced its plan for an initial public offering of up to 0 million of its common stock. It is to be noted that Codexis, which initially filed its intention to go public in April 2008, withdrew its plan in September last year, citing public market conditions. ... »
SS&C Technologies Holdings Files For IPO Of Up To $300 Mln
SS&C Technologies Holdings, Inc., a provider of software software-enabled services, filed a registration statement with the U.S. Securities and Exchange Commission with respect to its initial public offering of up to 0 million of common stock. more from source »
Real Estate Firm Excel Trust Files For $300 Mln IPO
San Diego, California-based real estate firm Excel Trust, Inc. filed a preliminary prospectus with the U.S. Securities and Exchange Commission regarding its initial public offering of up to 0 million of its common stock. more from source »
Tengion Files For IPO
East Norriton, Pennsylvania-based regenerative medicine company Tengion Inc. announced that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission relating to the proposed initial public offering of up to .25 million shares of its common stock. more from source »
Tengion Files Registration Statement With SEC Relating To Proposed IPO
more from source »
Rules-Based Medicine Files For $90 Mln IPO
Rules-Based Medicine, Inc., in a filing with the U.S. Securities and Exchange Commission, announced its plan for initial public offering of up to million of its common stock. more from source »
SurgiVision Files For $30 Mln IPO
Memphis, Tennessee-based medical device company SurgiVision, Inc., filed with the U.S. Securities and Exchange Commission with respect to its initial public offering of up to million shares of common stock. more from source »
Fastenal Q4 Profit Down, Misses Consensus – Update
Fastenal Co., a wholesaler and retailer of industrial and construction supplies, Tuesday, reported lower fourth-quarter profit, hurt by lower sales and a loss on sale of property and equipment. On a per share basis, earnings missed analysts’ forecast by a penny. more from source »
Forest Laboratories Q3 Profit Rises; Adj. EPS Tops Estimates – Update
Pharmaceutical company Forest Laboratories, Inc. (FRX) Tuesday reported a rise in third quarter net profit, sales grew year-on-year. The growth primarily reflected sales increases from its Alzheimer’s drug Namenda and hyper-tension treatment Bystolic as well as higher contract revenues. Adjusted earnings, although declined, surpassed Street view by a wide margin. more from... »