http://seekingalpha.com/currents/all SA Currents RSS Syndication from SeekingAlpha.com SeekingAlpha.com http://seekingalpha.com/currents/post/319731?source=feed 319731 Post your comment!]]> Wed, 16 May 2012 09:48:03 -0400 SeekingAlpha KFT +0.1%) and Family Dollar (FDO +0.9%), according to a SEC filing. The hedge fund trimmed its position in Kraft to 15.5M shares from 21.2M at the end of the last quarter, while FDO was slashed to 2.6M shares from 8.4M shares. Post your comment!]]> http://seekingalpha.com/currents/post/319721?source=feed 319721 Post your comment!]]> Wed, 16 May 2012 09:47:40 -0400 SeekingAlpha AAPL) has ordered iPhone displays that measure at least 4", the WSJ reports, with production set to begin next month. With most rival high-end devices now sporting 4"+ displays, rumors (I, II, III) have abounded that the next iPhone will sport a larger screen size, but this is the most concrete one yet. Samsung's (SSNLF.PK) recently-announced Galaxy S III will feature a 4.8" display. Post your comment!]]> http://seekingalpha.com/currents/post/319711?source=feed 319711 Post your comment!]]> Wed, 16 May 2012 09:44:19 -0400 SeekingAlpha RRC +0.2%) says the report on its North Chapman Ranch field in Texas confirms a significant increase to its proved reserves by as much as 50%, while in Trinidad, progress continues to gain pace in the development program of the shallow Lower Forest Horizons within the Morne Diablo field. Post your comment!]]> http://seekingalpha.com/currents/post/319701?source=feed 319701 Post your comment!]]> Wed, 16 May 2012 09:44:05 -0400 SeekingAlpha snipes Dow Jones' Katie Martin. Post your comment!]]> http://seekingalpha.com/currents/post/319691?source=feed 319691 Post your comment!]]> Wed, 16 May 2012 09:41:37 -0400 SeekingAlpha bond sales, with Germany selling €4.11B ($5.2B) of 10-year bonds at an average yield of 1.47%, down from 1.77% and the lowest on record. France auctions €7B-€8B four bonds maturing from 2014-2017, also with lower yields. It seems that M. Hollande isn't so scary after all. Post your comment!]]> http://seekingalpha.com/currents/post/319681?source=feed 319681 1 comment!]]> Wed, 16 May 2012 09:38:40 -0400 SeekingAlpha shrink as much as four percentage points in H1 2013 if Congress fails to address the expiration of $600B worth of tax breaks and jobless benefits by the end of this year, Goldman Sachs says. The chances of a worst-case "fiscal cliff" scenario are 35%, the firm says; more likely is Congress temporarily raising the debt limit and postponing tough decisions until 2013. 1 comment!]]> http://seekingalpha.com/currents/post/319671?source=feed 319671 Post your comment!]]> Wed, 16 May 2012 09:38:17 -0400 SeekingAlpha SINA +13.4%), which had fallen sharply since March, is surging following its Q1 beat, even though it was accompanied by soft Q2 revenue guidance and a warning it could see additional losses due to its investments in Weibo, which are expected to grow to $160M in 2012 from $110M-$120M last year. An upgrade from Barclays is helping Sina's cause. BofA (Neutral), though worried about margin pressure, is pleased with Sina's efforts to monetize Weibo. Post your comment!]]> http://seekingalpha.com/currents/post/319661?source=feed 319661 Post your comment!]]> Wed, 16 May 2012 09:33:56 -0400 SeekingAlpha "unraveling" of Chinese real estate: April housing starts -14.4% Y/Y, Office starts -21%, Retail starts -18.7%, Land sales -54.7%. Foreign funding of property development -80.8% Y/Y. The only thing holding up real estate investment is a flurry of completions by desperate developers. Once this ends, the hit to GDP may be enough to push the economy into a hard landing. Post your comment!]]> http://seekingalpha.com/currents/post/319651?source=feed 319651 Post your comment!]]> Wed, 16 May 2012 09:31:06 -0400 SeekingAlpha At the open: Dow +0.26% to 12665. S&P +0.36% to 1335. Nasdaq +0.35% to 2904.
Treasurys: 30-year -0.35%. 10-yr -0.22%. 5-yr -0.11%.
Commodities: Crude -1.14% to $92.91. Gold -1.09% to $1540.05.
Currencies: Euro +0.07% vs. dollar. Yen +0.31%. Pound +0.3%. Post your comment!]]> http://seekingalpha.com/currents/post/319641?source=feed 319641 Post your comment!]]> Wed, 16 May 2012 09:25:45 -0400 SeekingAlpha CLNT) -25.2% premarket after Q1 revenues declined 46.4% Y/Y to $9.4M, including a 58% Y/Y drop in revenue from the sale of forged rolled rings to the wind power industry to $5.6M. Post your comment!]]> http://seekingalpha.com/currents/post/319631?source=feed 319631 Post your comment!]]> Wed, 16 May 2012 09:25:43 -0400 SeekingAlpha excuses heard by Peter Kafka regarding GM's aborted Facebook (FB) ad campaign: GM's ad agencies did a poor job; GM's sales-driven culture was obsessed with short-term results; $10M is a tiny chunk of Facebook's ad sales; and Ford remains a fan of Facebook ads. Still, Kafka isn't satisfied. "[Facebook] needs to be able to prove conclusively that its ads work, in a scalable way, for a wide variety of advertisers. It can’t do that yet." (also) Post your comment!]]> http://seekingalpha.com/currents/post/319621?source=feed 319621 Post your comment!]]> Wed, 16 May 2012 09:17:50 -0400 SeekingAlpha declines to comment when asked about the prospects for a Greek exit from EMU. Does this mean he's no longer denying the possibility? Or was he just rushing past reporters on his way to deliver a speech at 10 ET titled, "Monetary Policy in Uncertain Times." Post your comment!]]> http://seekingalpha.com/currents/post/319601?source=feed 319601 2 comments!]]> Wed, 16 May 2012 09:16:40 -0400 SeekingAlpha Apr. Industrial Production: +1.1% vs. +0.5% expected, +0% prior. Capacity utilization 79.2% vs. 79.0% expected, 78.6% (revised) prior. 2 comments!]]> http://seekingalpha.com/currents/post/319611?source=feed 319611 3 comments!]]> Wed, 16 May 2012 09:15:18 -0400 SeekingAlpha Market preview: Stock futures are up as much of Europe turns higher after Angela Merkel appears to sooth markets with talk of keeping Greece in the eurozone, and using words like stimulus and not just austerity. The S&P benchmark is +0.5%. J.C. Penney (-15%) is taking an absolute shellacking following its miserable FQ1 report. Later: Fed's Bullard, FOMC minutes 3 comments!]]> http://seekingalpha.com/currents/post/319591?source=feed 319591 2 comments!]]> Wed, 16 May 2012 09:10:49 -0400 SeekingAlpha CHL) chairman Xi Guohua says his company is in talks with Apple (AAPL) to sell the iPhone, though he doesn't provide additional details. China Mobile, whose 667M subscribers make it the world's biggest carrier, has said in the past Apple has promised to develop an iPhone that supports its TD-LTE 4G network, but the commercial launch of the network could be held up by regulators. Apple's China sales soared to $7.9B in FQ2. 2 comments!]]> http://seekingalpha.com/currents/post/319581?source=feed 319581 Post your comment!]]> Wed, 16 May 2012 09:09:55 -0400 SeekingAlpha Canada March manufacturing sales jumped 1.9% vs. 0.3% expected. New orders +2%. Backlog of unfilled orders rose 2% to its highest level since March 2009. The loonie remains just below parity with the greenback, more attuned to activity far from Canadian shores. Post your comment!]]> http://seekingalpha.com/currents/post/319571?source=feed 319571 1 comment!]]> Wed, 16 May 2012 09:07:58 -0400 SeekingAlpha JCP) Q1 blowup could be something as simple as the concept that U.S. consumers like their deals, according to Stacey Widlitz. The Ron Johnson-led strategy of reclaiming pricing by cutting out promotions backfired as traffic at stores fell off dramatically. While new brands and a transformation "ahead of schedule" could still click, the burning question is do investors have the patience to wait for it? JCP -15.2% premarket. 1 comment!]]> http://seekingalpha.com/currents/post/319561?source=feed 319561 Post your comment!]]> Wed, 16 May 2012 09:05:28 -0400 SeekingAlpha OSUR +30%. COGO +15%. SINA +12%. ABMD +9%. VELT +8%. FTR +6%.
Losers: CLNT -29%. JCP -15%. TAXI -9%. NBG -8%. ANF -7%. ARNA -6%. WHX -5%. KERX -5%. Post your comment!]]> http://seekingalpha.com/currents/post/319551?source=feed 319551 Post your comment!]]> Wed, 16 May 2012 09:05:25 -0400 SeekingAlpha upgrades Weatherford (WFT +2.8%) to "overweight" from "neutral," citing the oilfield services company strong presence in artificial lift services, for which there is high demand. However, JPM cuts Baker Hughes (BHI -0.7%) to "neutral" from "overweight" and its price target to $50 from $53 on execution fears about the firm's revamp. Post your comment!]]> http://seekingalpha.com/currents/post/319541?source=feed 319541 1 comment!]]> Wed, 16 May 2012 09:01:33 -0400 SeekingAlpha are to be avoided, says Deutsche's John-Paul Smith. Beijing, he argues, realizes it has lost control over regional governments that have built up huge debts by pursuing projects of dubious value. Policy is now focused on restoring discipline - as highlighted by the sacking of Bo Xilai. 1 comment!]]> http://seekingalpha.com/currents/post/319531?source=feed 319531 Post your comment!]]> Wed, 16 May 2012 09:00:33 -0400 SeekingAlpha On the hour: S&P +0.43%. 10-yr -0.21%. Euro +0.09% vs. dollar. Crude -1.49% to $92.58. Gold -1.12% to $1539.65. Post your comment!]]> http://seekingalpha.com/currents/post/319521?source=feed 319521 Post your comment!]]> Wed, 16 May 2012 08:59:42 -0400 SeekingAlpha PETD) -1.8% premarket after pricing its public offering of 6.5M shares at a 2.8% discount to its Tuesday closing price. The offering, intended in part to finance the purchase of assets in Colorado's Wattenberg oil and gas field, priced at $26.50/share. Post your comment!]]> http://seekingalpha.com/currents/post/319511?source=feed 319511 1 comment!]]> Wed, 16 May 2012 08:55:48 -0400 SeekingAlpha caught the attention of advertisers at the annual industry conference to line up TV ads for next season's shows. One of the biggest players is Disney (DIS) with its ESPN Deportes Spanish-language sports network already drawing solid ratings, while execs at CBS, NWSA, CMCSA, DEO, and DISCA are also pitching shows aimed at drawing in Hispanic viewers. 1 comment!]]> http://seekingalpha.com/currents/post/319501?source=feed 319501 1 comment!]]> Wed, 16 May 2012 08:53:28 -0400 SeekingAlpha +0.4%, off just a bit since the housing starts print which showed a strong headline number, but a decline in permits. At 717K, the number of housing starts remains well below levels associated with recessions over the past half century. 1 comment!]]> http://seekingalpha.com/currents/post/319491?source=feed 319491 Post your comment!]]> Wed, 16 May 2012 08:52:44 -0400 SeekingAlpha extend by the three weeks, until August 31, their deadline for deciding on whether to approve United Tech's (UTX) $16.5B acquisition of aircraft components maker Goodrich (GR). Post your comment!]]> http://seekingalpha.com/currents/post/319481?source=feed 319481 Post your comment!]]> Wed, 16 May 2012 08:49:18 -0400 SeekingAlpha LMCA) upped its holding in Live Nation Entertainment (LYV) to 48.7M shares, or more than 25% of the concert promotion giant's outstanding shares, from ~20%, according to an SEC filing. Liberty has received regulatory clearance to own as much as 35% of LYV, whose shares are +4% premarket. Post your comment!]]> http://seekingalpha.com/currents/post/319471?source=feed 319471 1 comment!]]> Wed, 16 May 2012 08:45:42 -0400 SeekingAlpha JPM) CIO unit had looser risk controls than the rest of the bank thanks to its direct reporting line to Jamie Dimon, say sources, remaining fairly free from oversight despite warnings stretching back to 2005. Until recently, the group used its own Value-at-Risk model, which likely allowed the over-sized positions which led to the losses. 1 comment!]]> http://seekingalpha.com/currents/post/319461?source=feed 319461 Post your comment!]]> Wed, 16 May 2012 08:43:53 -0400 SeekingAlpha warns parliament of the consequences of austerity measures not being passed. "We must reduce the public deficit because there is a serious risk that we will not be able to borrow, or borrow at astronomical prices," Rajoy says. Post your comment!]]> http://seekingalpha.com/currents/post/319451?source=feed 319451 Post your comment!]]> Wed, 16 May 2012 08:42:02 -0400 SeekingAlpha Eagle Materials (EXP): FQ4 EPS of $0.20 misses by $0.02. Revenue of $117M (+22.4% Y/Y) in-line. (PR) Post your comment!]]> http://seekingalpha.com/currents/post/319441?source=feed 319441 Post your comment!]]> Wed, 16 May 2012 08:41:30 -0400 SeekingAlpha AMZN) for the nation's high unemployment rate after the company says it hired 28K new employees in the past year to bring its total headcount up to 65.6K. Too much, too fast? With an eye on margins, McAdams Wright Ragen analyst Dan Geiman says Amazon has received a pass for its high costs while it seemingly moves in every direction at once. (See: TV programming, high fashion), big data). Post your comment!]]>