http://seekingalpha.com/currents/all SA Currents RSS Syndication from SeekingAlpha.com SeekingAlpha.com http://seekingalpha.com/currents/post/1042211?source=feed 1042211 Post your comment!]]> Thu, 23 May 2013 06:13:34 -0400 SeekingAlpha Pactera Tech. (PACT): Q1 EPS of $0.12 in-line. Revenue of $152.3M misses by $7.02M. (PR) Post your comment!]]> http://seekingalpha.com/currents/post/1042191?source=feed 1042191 Post your comment!]]> Thu, 23 May 2013 06:09:20 -0400 SeekingAlpha Taomee (TAOM): Q1 EPS of $0.04 misses by $0.02. Revenue of $9.6M beats by $1.4M. (PR) Post your comment!]]> http://seekingalpha.com/currents/post/1042181?source=feed 1042181 Post your comment!]]> Thu, 23 May 2013 06:06:57 -0400 SeekingAlpha Quality Systems (QSII): FQ4 EPS of $0.21 misses by $0.07. Revenue of $111.3M misses by $6.01M. (PR) Post your comment!]]> http://seekingalpha.com/currents/post/1042201?source=feed 1042201 Post your comment!]]> Thu, 23 May 2013 06:00:42 -0400 SeekingAlpha Overseas: Japan -7.3%. Hong Kong -2.5%. China -1.1%. India -1.9%. London -1.9%. Paris -2.4%. Frankfurt -2.7%. Post your comment!]]> http://seekingalpha.com/currents/post/1042171?source=feed 1042171 Post your comment!]]> Thu, 23 May 2013 05:41:44 -0400 SeekingAlpha Markit composite PMI for the eurozone prints at 47.7 in May which, albeit still squarely in contraction territory, is still a three-month high. Both services and manufacturing "saw an easing in the rate of decline" and employment dropped for the seventeenth straight month. Ultimately, "the eurozone's second recession in five years looks set to drag into a seventh successive quarter," Markit's chief economist Chris Williamson says. Post your comment!]]> http://seekingalpha.com/currents/post/1042161?source=feed 1042161 1 comment!]]> Thu, 23 May 2013 05:30:34 -0400 SeekingAlpha isn't worried about Thursday's sell-off . "I thought the pace of the Nikkei’s rise recently was faster than expected [and] the weak Chinese data prompted investors to take profits all at the same time," Akira Amari says. As for the yen: of course it rose, stocks were down, he notes. 1 comment!]]> http://seekingalpha.com/currents/post/1042151?source=feed 1042151 Post your comment!]]> Thu, 23 May 2013 05:18:43 -0400 SeekingAlpha Lenovo (LNVGY.PK): FQ4 net profit of $127M beats by $20M. FQ4 revenue of $7.83B (+4% Y/Y) misses by $140M. Full year net profit of $635.15M beats by $16.91M. Full year Revenue of $33.87B (+15% Y/Y). Post your comment!]]> http://seekingalpha.com/currents/post/1042141?source=feed 1042141 Post your comment!]]> Thu, 23 May 2013 04:57:05 -0400 SeekingAlpha -1.87%, DAX -2.6%, CAC 40 -2.45%, IBEX 35 -2.17%. Post your comment!]]> http://seekingalpha.com/currents/post/1042131?source=feed 1042131 2 comments!]]> Thu, 23 May 2013 04:42:20 -0400 SeekingAlpha confluence of factors sends the Nikkei (EWJ, DXJ) plunging 7.3% on the session (the swing from intraday high to low was ~9%). Yields on JGB 10s (JGBL) spiked above 1% at one point as an already skittish and volatile market was further rattled by what have generally been perceived as hawkish comments out of Ben Bernanke and other Fed officials on Wednesday. Yields pulled back in late trading. Compounding the problem for Japanese stocks was the yen (FXY), which has strengthened some 2% against the dollar to 101.16 most recently. (See also: China HSBC flash PMI shows contraction) 2 comments!]]> http://seekingalpha.com/currents/post/1042121?source=feed 1042121 Post your comment!]]> Thu, 23 May 2013 03:17:27 -0400 SeekingAlpha China PMI shrinks for the first time in seven months, dropping to 49.6 from 50.4 in April, missing expectations. HSBC, who collect the data, didn't mince words in an appeal to Beijing: "The cooling manufacturing activities in May reflected slower domestic demand and ongoing external headwinds. A sequential slowdown is likely in the middle of Q2, casting downside risk to China's fragile growth recovery. Moreover, the further signs of labor market slackness call for more policy support. Beijing still has fiscal ammunition to do so." ETFs: FXI, GXC, PGJ, YAO, FCHI, PEK, CAF, YXI, XPP, FXP, MCHI, YINN, YANG, TCHI, CHXF; BONDS: RMB, DSUM, CHLC, CNY, CYB, FXCH Post your comment!]]> http://seekingalpha.com/currents/post/1042111?source=feed 1042111 11 comments!]]> Thu, 23 May 2013 03:08:34 -0400 SeekingAlpha weak manufacturing data out of China and a mini-crash in Japan that left the Topix -6.9%. Factory activity in China shrunk for the first time in 7 months, reflecting "slower domestic demand and ongoing external headwinds." S&P futures currently -1.1% to 1637.50 after dropping below 1634 when European markets first opened. 11 comments!]]> http://seekingalpha.com/currents/post/1041721?source=feed 1041721 Post your comment!]]> Thu, 23 May 2013 00:10:00 -0400 SeekingAlpha ARO, BLOX, CRM, GPS, MENT, MRVL, P, ROST, SHLD, SVM, WSM, ZUMZ Post your comment!]]> http://seekingalpha.com/currents/post/1041701?source=feed 1041701 Post your comment!]]> Thu, 23 May 2013 00:05:00 -0400 SeekingAlpha AAP, AINV, ALKS, BKE, BONT, DLTR, GME,HRL, QSII, RL, SLF, TD Post your comment!]]> http://seekingalpha.com/currents/post/1041961?source=feed 1041961 Post your comment!]]> Thu, 23 May 2013 00:00:00 -0400 SeekingAlpha Thursday's economic calendar:
8:30 Initial Jobless Claims
9:00 PMI Manufacturing Index Flash
9:00 FHFA House Price Index
9:45 Bloomberg Consumer Comfort Index
10:00 New Home Sales
10:30 EIA Natural Gas Inventory
11:00 Kansas City Fed Mfg Survey
4:30 PM Money Supply
4:30 PM Fed Balance Sheet
  Post your comment!]]> http://seekingalpha.com/currents/post/1042101?source=feed 1042101 2 comments!]]> Wed, 22 May 2013 22:32:37 -0400 SeekingAlpha GE bucked the downtrend today, rising 0.9% as Jeff Immelt - speaking at a conference (transcript) - says the company is considering spinning off parts of GE Capital through an IPO. "In financial services, putting things up for sale with the assumption that a bank would buy it has been a fool's journey," said Immelt, "(but) the capital markets are very receptive to IPOs." The proceeds would fund more buybacks as Immelt hopes to lower the share count to 9B-9.5B shares by 2015's end (from about 10.4B currently). 2 comments!]]> http://seekingalpha.com/currents/post/1042091?source=feed 1042091 4 comments!]]> Wed, 22 May 2013 22:17:37 -0400 SeekingAlpha F) says it will close its plants in Australia in 2016 as a strong aussie and high labor costs weigh heavily on the Australian manufacturing sector's ability to compete with cheap imports. The closures are expected to result in the loss of some 1,200 jobs. 4 comments!]]> http://seekingalpha.com/currents/post/1042081?source=feed 1042081 1 comment!]]> Wed, 22 May 2013 22:09:38 -0400 SeekingAlpha OAK) prices an upsized secondary (to 7M units from 6M) at $53.50 per share. The greenshoe option is for 15%, 1.05M shares. The company is using the proceeds to take out selling insiders. Two weeks ago, Apollo Global (APO) strategic investors and managing partners offered up 21.1M shares, and its CEO Leon Black has let it be known - now is the time to harvest. OAK -0.3% to $54.25 AH. 1 comment!]]> http://seekingalpha.com/currents/post/1042071?source=feed 1042071 Post your comment!]]> Wed, 22 May 2013 22:06:26 -0400 SeekingAlpha prints in contraction territory for the first time in seven months, coming in at 49.6, down from a final reading of 50.4 in April. The new orders sub-index falls to 49.5 (eight month low) while new export orders stabilize a bit from last month. Post your comment!]]> http://seekingalpha.com/currents/post/1042061?source=feed 1042061 Post your comment!]]> Wed, 22 May 2013 20:41:13 -0400 SeekingAlpha revises Q1 GDP up to show a 1.8% Q/Q expansion (seasonally adjusted, annualized) versus an advance estimate of a 1.4% decline. On a Y/Y basis the economy expanded 0.2%. The Ministry of Trade and Industry says "economic growth … is expected to improve gradually over the course of the year." The Singapore ETF (EWS) is up 19.8% Y/Y. Post your comment!]]> http://seekingalpha.com/currents/post/1042051?source=feed 1042051 Post your comment!]]> Wed, 22 May 2013 20:31:04 -0400 SeekingAlpha CAJ +3.4%), Fast Retailing (FRCOY.PK +2.9%), Fanuc (FANUY.PK +1%), Sumitomo Mitsui Trust (SUTNY.PK -1.9%), Shinsei Bank (SKLKY.PK -2%). Post your comment!]]> http://seekingalpha.com/currents/post/1042041?source=feed 1042041 2 comments!]]> Wed, 22 May 2013 20:20:38 -0400 SeekingAlpha throws in the towel on a "Grexit" in 2014, notable not only because Buiter has repeatedly predicted Greece will eventually bid the eurozone adieu (putting the odds at 90% within 12-18 months late last summer) but because he is credited with coining the term "Grexit" in the first place. Bears needn't despair too much though: Buiter still says "there is a fairly high risk of Grexit at some stage in the coming years." 2 comments!]]> http://seekingalpha.com/currents/post/1042031?source=feed 1042031 Post your comment!]]> Wed, 22 May 2013 20:07:45 -0400 SeekingAlpha LCC) prices $100M in aircraft financing to reimburse the company for the cost of the purchase of two Airbus aircraft currently owned and two aircraft scheduled to be delivered prior to the date of issuance in June. It also plans to use funds to finance its purchase of seven Airbus aircraft scheduled to be delivered from June 2013 to October 2013. Post your comment!]]> http://seekingalpha.com/currents/post/1042021?source=feed 1042021 Post your comment!]]> Wed, 22 May 2013 19:50:51 -0400 SeekingAlpha PSUN): Q1 beat across the board as total sales rose by 4.7% Y/Y. But net losses widened, as the retailer was hit by store-closure costs and losses on derivatives, which led to gross margins narrowing to 25.1% from 38.1%. The company offered a better picture for the current quarter however, now expecting its bottom line EPS to range between a loss of $0.05 and a profit of $0.02. It also projects revenue of $209M to $219M. Analysts were expecting a per-share loss of $0.04 a share on revenue of $198M. Shares +19.5% AH. Post your comment!]]> http://seekingalpha.com/currents/post/1042011?source=feed 1042011 1 comment!]]> Wed, 22 May 2013 19:13:00 -0400 SeekingAlpha LPS) is the subject of acquisition talks with Fidelity National (FNF) and buyout shop Thomas H. Lee, with a price tag of about $2.9B, the WSJ reports. Fidelity National was LPS' parent until a 2008 spinoff; a deal would not only bring the service provider back into FNF's umbrella, but mark the latest of many deals Fidelity's made with Thomas H. Lee. The deal values LPS at about $33/share; it closed Wednesday at $29.11. 1 comment!]]> http://seekingalpha.com/currents/post/1042001?source=feed 1042001 2 comments!]]> Wed, 22 May 2013 18:37:14 -0400 SeekingAlpha HPQ) CEO Meg Whitman remarked that its position in the PC market has been boosted by recent efforts to sell tablets powered by Google's (GOOG) Android, thus allowing it to compete in tablets again after discontinuing its Palm/webOS TouchPad in 2011. "If we have the right product and the right price, the channel still loves H-P and they want to sell our products," Whitman said. "Frankly, having Android products helps a lot." (Webcast) Shares +13.3% AH. 2 comments!]]> http://seekingalpha.com/currents/post/1041991?source=feed 1041991 Post your comment!]]> Wed, 22 May 2013 18:19:43 -0400 SeekingAlpha APRI) gets slammed in the post session after anouncing a public offering of common stock and warrants, with a 30-day option to purchase additional shares and warrants to cover over-allotments, if any. Lazard Capital Markets is acting as sole book-running manager. Shares -13% AH. Post your comment!]]> http://seekingalpha.com/currents/post/1041981?source=feed 1041981 Post your comment!]]> Wed, 22 May 2013 18:00:29 -0400 SeekingAlpha AVB) announces a 7.9M share at-the-market secondary public stock offering by Jupiter Enterprise, an indirect subsidiary of Lehman Brothers Holding. 14.9M shares were issued to Jupiter in connection with the company's acquisition of a portion of the Archstone apartment community portfolio in February 2013. The seller stockholder will receive all of the proceeds. Shares -0.8% AH. Post your comment!]]> http://seekingalpha.com/currents/post/1041971?source=feed 1041971 3 comments!]]> Wed, 22 May 2013 17:58:35 -0400 SeekingAlpha more institutions get interested in MLPs. Individuals tend to be unwilling to sell MLPs as the deferred tax burden rises, and more institutional ownership could fuel more trading or short-short selling in MLPs. 3 comments!]]> http://seekingalpha.com/currents/post/1041951?source=feed 1041951 Post your comment!]]> Wed, 22 May 2013 17:52:55 -0400 SeekingAlpha Bristow Group (BRS): FQ4 EPS of $1.01 misses by $0.01. Revenue of $391.6M (+10% Y/Y) beats by $11.04M. (PR) Post your comment!]]> http://seekingalpha.com/currents/post/1041941?source=feed 1041941 Post your comment!]]> Wed, 22 May 2013 17:51:30 -0400 SeekingAlpha Financial Institutions (FISI) declares $0.18/share quarterly dividend, in line with previous. Forward yield 3.65%. For shareholders of record June 13. Payable July 02. Ex-div date June 11. (PR) Post your comment!]]>