http://seekingalpha.com/currents/all SA Currents RSS Syndication from SeekingAlpha.com SeekingAlpha.com http://seekingalpha.com/currents/post/1094392?source=feed 1094392 Post your comment!]]> Wed, 19 Jun 2013 14:19:27 -0400 SeekingAlpha SONC +1.8%) skate higher on the back of a Morgan Stanley upgrade to Equalweight from Underweight. Post your comment!]]> http://seekingalpha.com/currents/post/1094382?source=feed 1094382 Post your comment!]]> Wed, 19 Jun 2013 14:17:43 -0400 SeekingAlpha RPTP +1.1%) says its Procysbi delayed-release capsules for the treatment of nephropathic cystinosis are now available in the U.S. for shipment. Nephropathic cystinosis is a rare, life-threatening metabolic lysosomal storage disorder that causes toxic accumulation of cystine in all cells, tissues, and organs in the body. Post your comment!]]> http://seekingalpha.com/currents/post/1094372?source=feed 1094372 1 comment!]]> Wed, 19 Jun 2013 14:13:47 -0400 SeekingAlpha TLT -0.7%) slip following the more upbeat assessment of the economy from the FOMC. Higher growth and lower unemployment projections spell maybe a quicker schedule for tapering and eventual tightening, but materially lower inflation expectations say the opposite. Stocks give up a bit of ground as well, the S&P 500 (SPY -0.3%). The dollar (UUP +0.3%) pops higher across the board. 1 comment!]]> http://seekingalpha.com/currents/post/1094362?source=feed 1094362 Post your comment!]]> Wed, 19 Jun 2013 14:06:39 -0400 SeekingAlpha FOMC Economic Projections: 2013 GDP growth estimate is cut a hair to 2.3-2.6% from 2.3-2.8%, but is boosted in 2014 to 3-3.5% from 2.9-3.4%. The unemployment rate forecast for 2013 is trimmed to 7.2-7.3% from 7.3-7.5% and in 2014 to 6.5-6.8% from 6.7-7%. Core CPI expectations are cut to 1.2-1.3% this year from 1.5-1.6% and in 2014 to 1.5-1.8% from 1.7-2%. 14 out of 19 FOMC members see rate hikes beginning in 2015 (4 see hikes before then). Post your comment!]]> http://seekingalpha.com/currents/post/1094352?source=feed 1094352 Post your comment!]]> Wed, 19 Jun 2013 14:06:25 -0400 SeekingAlpha raises its FY14 EPS estimate for Chicago Bridge & Iron (CBI +0.7%) to $5.33 from $5. Analyst Will Gabrielski is now looking for the shares to hit $75, representing a near 23% upside from Tuesday's close. Post your comment!]]> http://seekingalpha.com/currents/post/1094342?source=feed 1094342 Post your comment!]]> Wed, 19 Jun 2013 14:03:24 -0400 SeekingAlpha weren't surprised by the when-issued trading in Australia of the new companies emerging from the split of News Corp. (NWS, NWSA). In their debut in Sydney, 21st Century Fox (Fox movie, pay TV and free TV busines, Sky Deutschland, Sky Italia, part of BskyB ) rose over 5% while the new News Corp. (Wall Street Journal, The Sun, Barron's, Australian media assets) dropped 3%. Post your comment!]]> http://seekingalpha.com/currents/post/1094332?source=feed 1094332 3 comments!]]> Wed, 19 Jun 2013 14:01:22 -0400 SeekingAlpha FOMC Announcement: No changes to the $85B per month in asset purchases and the committee stands ready to increase or decrease the level as necessary. Downside risks to the economy and the labor market have diminished since the fall. 3 comments!]]> http://seekingalpha.com/currents/post/1094322?source=feed 1094322 Post your comment!]]> Wed, 19 Jun 2013 14:01:10 -0400 SeekingAlpha MU +0.4%) afternoon FQ3 report, Charles Kau, the chairman of Micron's Inotera JV, predicts the current DRAM shortage will last through 2015, thanks to controlled expansion and surging mobile DRAM usage. Kau expects DRAM demand to outstrip supply by 3% in 2013, 5%, in 2014, and 7% in 2015. Those numbers back up recent comments from Credit Suisse, which declared the DRAM industry is seeing structural improvements following a wave of consolidation around Micron, Samsung (SSNLF.PK), and SK Hynix. Analyst commentary on Micron has been very positive going into earnings, but a lot of good news has been priced in. Post your comment!]]> http://seekingalpha.com/currents/post/1094312?source=feed 1094312 Post your comment!]]> Wed, 19 Jun 2013 13:59:21 -0400 SeekingAlpha NRGY -37.5%) completes its distribution to unitholders of the ~56.4M common units it previously held in Inergy Midstream (NRGM -1.3%), marking the first step in Crestwood Midstream's (CMLP +1%) takeover of NRGY, which is expected to close by Q3. Raymond James calls the move a "structural cleanup" ahead of CMLP's takeover. Post your comment!]]> http://seekingalpha.com/currents/post/1094302?source=feed 1094302 Post your comment!]]> Wed, 19 Jun 2013 13:53:08 -0400 SeekingAlpha NBIX +2.7%) moves up today after being initiated by Oppenheimer with an Outperform rating. The firm says that its sees blockbuster potential for elagolix, with Phase 3 endometriosis results expected in H114 and Phase 2 results in H214. A secondary asset, NBI-98854, a Vesicular Mono-Amine Transporter 2 compound for treating tardive dyskinesia, is risky, but only modest value is baked in. Post your comment!]]> http://seekingalpha.com/currents/post/1094292?source=feed 1094292 8 comments!]]> Wed, 19 Jun 2013 13:36:05 -0400 SeekingAlpha expected) EOS get most of the ink, the low-end 520 could be the biggest seller in Nokia's (NOK -0.3%) Windows Phone lineup. Google Trends data points to surging interest in the 520, which features a 4" display, lacks 4G support, and is dirt cheap - Wal-Mart sells the 521, a variant working on T-Mobile's network, for an unsubsidized $130 .... if it's in stock. Also, the 520 is now #2 in GSM Arena's daily interest rankings, behind only the Galaxy S4; no other Nokia phone is in the top-10. 8 comments!]]> http://seekingalpha.com/currents/post/1094282?source=feed 1094282 Post your comment!]]> Wed, 19 Jun 2013 13:35:18 -0400 SeekingAlpha NKTR +8.8%) rises after saying NKTR-181 (basically an opioid which doesn't act like an opioid in terms of euphoric effects) "rated similar to placebo in 'drug liking' and 'feeling high' scores" compared to oxycodone. The drug's slow rate of entry into the brain is intended to reduce the euphoria that is often cited as a contributor to opioid analgesic addiction. (PR) Post your comment!]]> http://seekingalpha.com/currents/post/1094272?source=feed 1094272 Post your comment!]]> Wed, 19 Jun 2013 13:33:36 -0400 SeekingAlpha PG +0.2%) announces a new licensing agreement with Alexander McQueen. Under the terms of the deal, P&G will be able to immediately market fragrances under the Alexander McQueen brand name. What to watch: During last week's presentation (slides) at the Deutsche Bank Global Consumer Conference, execs said the company will increase its focus on making "value and performance" claims on its large stable of brands. On that note, a fragrance fit for a future queen could be an upcoming tag line. Post your comment!]]> http://seekingalpha.com/currents/post/1094262?source=feed 1094262 Post your comment!]]> Wed, 19 Jun 2013 13:33:06 -0400 SeekingAlpha OXBT +10.9%) extend yesterday's 2.6% closing gain after the company announced on yesterday that it's completed FDA requested studies on its Oxycyte, a treatment for traumatic brain injury and other brain conditions. The company says the results were positive overall, but it will continue to conduct more studies on the treatment. Post your comment!]]> http://seekingalpha.com/currents/post/1094252?source=feed 1094252 Post your comment!]]> Wed, 19 Jun 2013 13:26:07 -0400 SeekingAlpha no legal standing but new legislation aimed at Medicare coverage for weight-loss drugs could change that. Sens. Tom Carper and Lisa Murkowski and Reps. Bill Cassidy, M.D. and Ron Kind have introduced The Treat and Reduce Obesity Act which would, among other things , "allow Medicare to cover additional obesity treatments (beyond surgery) such as prescription drugs for chronic weight management." Leerink's Marko Kozul says the news "could provide further upside to current estimates" for Arena (ARNA +2.7%), Orexigen (OREX +0.5%), and Vivus (VVUS +7.7%). Post your comment!]]> http://seekingalpha.com/currents/post/1094242?source=feed 1094242 Post your comment!]]> Wed, 19 Jun 2013 13:16:48 -0400 SeekingAlpha ICPT) are now up over 13% after pricing its public offering of 1.73M shares at $33.01 per share in line with yesterday's close. Post your comment!]]> http://seekingalpha.com/currents/post/1094232?source=feed 1094232 2 comments!]]> Wed, 19 Jun 2013 13:15:42 -0400 SeekingAlpha plots a big expansion of its U.S. grocery delivery business, eBay's (EBAY) Indian site has begun selling food/grocery items through a section called eBay Daily. 1,600 products, generally packaged goods, are available for sale. eBay's move comes a couple months after it led a $50M funding round for local e-commerce marketplace Snapdeal, and a year after it announced plans to invest heavily in the Indian market, where e-commerce penetration is still low and Amazon (AMZN), which just launched an Indian marketplace site, has been slowed by foreign investment rules. 2 comments!]]> http://seekingalpha.com/currents/post/1094222?source=feed 1094222 Post your comment!]]> Wed, 19 Jun 2013 13:09:51 -0400 SeekingAlpha ESB Financial Corporation (ESBF) declares $0.10/share quarterly dividend, in line with previous. Forward yield 3.29%. For shareholders of record June 28. Payable July 25. Ex-div date June 26. (PR) Post your comment!]]> http://seekingalpha.com/currents/post/1094212?source=feed 1094212 Post your comment!]]> Wed, 19 Jun 2013 13:07:17 -0400 SeekingAlpha MNOV +29.6%) soars after the company says its glial attenuator MN-166 may reduce methamphetamine's neurotoxic inflammation and might also "attenuate other actions contributing to methamphetamine dependence." The company plans to initiate a Phase 2 trial "later this summer." (PR) Post your comment!]]> http://seekingalpha.com/currents/post/1094202?source=feed 1094202 Post your comment!]]> Wed, 19 Jun 2013 13:06:41 -0400 SeekingAlpha MW -1.9%) founder George Zimmer lies behind the doors at the company where the exec had significant difficulty giving up control, according to Stifel Nicolaus. The investment firm backs its Buy rating on the retailer, noting current management including creator director Joseph Abboud are on the right track. Post your comment!]]> http://seekingalpha.com/currents/post/1094192?source=feed 1094192 Post your comment!]]> Wed, 19 Jun 2013 13:06:06 -0400 SeekingAlpha The First of Long Island Corporation (FLIC) declares $0.25/share quarterly dividend, in line with previous. Forward yield 3.05%. For shareholders of record July 5. Payable July 15. Ex-div date July 3. (PR) Post your comment!]]> http://seekingalpha.com/currents/post/1094182?source=feed 1094182 Post your comment!]]> Wed, 19 Jun 2013 13:01:32 -0400 SeekingAlpha Bank of Commerce Holdings (BOCH) declares $0.03/share quarterly dividend, in line with previous. Forward yield 2.46%. For shareholders of record June 28. Payable July 12. Ex-div date June 26. (PR) Post your comment!]]> http://seekingalpha.com/currents/post/1094172?source=feed 1094172 1 comment!]]> Wed, 19 Jun 2013 12:59:18 -0400 SeekingAlpha endorses a policy to limit how caffeinated beverages are marketed to consumers under the age of 18 and calls for a temporary ban on youth marketing until more studies are completed. Shares of Monster Beverage (MNST -0.4%) are only off moderately with the risks of legislation on energy drink marketing already baked in. 1 comment!]]> http://seekingalpha.com/currents/post/1094162?source=feed 1094162 Post your comment!]]> Wed, 19 Jun 2013 12:59:16 -0400 SeekingAlpha SON -1.4%) is downgraded to Neutral from Outperform with an amended price objective of $37 by Robert W. Baird, which says that while SON management is pursuing the right strategy of portfolio optimization and a bias toward share buybacks, YTD share outperformance has left the risk-reward ratio less compelling. Post your comment!]]> http://seekingalpha.com/currents/post/1094152?source=feed 1094152 Post your comment!]]> Wed, 19 Jun 2013 12:58:09 -0400 SeekingAlpha is a good thing if you're a restaurant, something BofA analyst Joseph Buckley reinforces Wednesday, upping his price target on Bloomin' Brands (BLMN +1.9%) to $29 from $25, citing a positive outlook for the introduction of lunch service at Outback locations. "Weekday lunch … is expected to be in 34% of Outback restaurants by YE 2013 and eventually in 50%-60% of the chain," Buckley notes. Post your comment!]]> http://seekingalpha.com/currents/post/1094142?source=feed 1094142 Post your comment!]]> Wed, 19 Jun 2013 12:55:58 -0400 SeekingAlpha Congressional bill proposes to legalize and regulate online gambling across the U.S., online gambling proponents remain skeptical the bill will end the industry's legal battle. Casinos, tribes, state lotteries, and other interest groups are still fighting for special rights, ideological opposition remains, and the bill features an opt-out provision for individual states and tribes. On the other hand, public support for legalization has been growing, and Nevada and New Jersey's moves have led other states to worry about being left out.  ZNGA and GLUU are both waiting for the chance to expand their online gambling efforts from the U.K. to the U.S. (I, II). Post your comment!]]> http://seekingalpha.com/currents/post/1094132?source=feed 1094132 Post your comment!]]> Wed, 19 Jun 2013 12:55:17 -0400 SeekingAlpha CGX -0.5%) makes a move to expand in the Midwest by acquiring Universal Printing for an undisclosed sum. Universal Printing is a web and sheetfed commercial printing company based out of St. Louis, Missouri. The deal fits into CGX's acquisition-related growth strategy, and a well-timed call by Stonegate Securities back in February. The stock has already risen over 30% since the firm made its bullish call with a $64 price target. Post your comment!]]> http://seekingalpha.com/currents/post/1094122?source=feed 1094122 Post your comment!]]> Wed, 19 Jun 2013 12:45:37 -0400 SeekingAlpha BWLD +0.4%) cross into triple digits for the first time ever as investors continue to buy into the restaurant operator's growth potential. What to watch: The company's Q2 comparable-store sales and margins will be in focus to see the impact on results from an against-the-grain menu strategy to move to selling a quantity (small, medium, or large) of wings instead of letting consumers choose a specific number of wings. Post your comment!]]> http://seekingalpha.com/currents/post/1094112?source=feed 1094112 Post your comment!]]> Wed, 19 Jun 2013 12:45:28 -0400 SeekingAlpha Midday top 10 gainers: MNOV +28%. AVHI +18%. DGLY +18%. ARL +16%. TRUE +13%. AQQ +13%. DQ +13%. ASYS +12%. MFRI +12%. ICPT +11%.
Midday top 10 Losers: OSH -63%. NRGY -38%. VNDA -24%. ZN -20%. FMAR -16%. TTEK -13%. VTSS -12%. CPGI -11%. VIPS -10%. BIOD -10%. Post your comment!]]> http://seekingalpha.com/currents/post/1094102?source=feed 1094102 Post your comment!]]> Wed, 19 Jun 2013 12:43:23 -0400 SeekingAlpha IRE +0.6%) is upgraded to Hold from Sell at Deutsche Bank, perhaps finding the price enticing after an 11% decline over the past few sessions (helped by a Goldman downgrade). Post your comment!]]>