|As of BST 21:08 Apr 02 2013. Performance data is delayed by at least 20 minutes.|
|6,491 78.92 / +1.23%
||14,662 89.16 / +0.61%
||1,562 7.02 / -0.45%
|BST 16:35 Apr 02 2013
||BST 21:36 Apr 02 2013
||BST 05:00 Apr 01 2013
GE's Power Conversion unit reportedly will announce $600M worth of contracts to supply propulsion, dynamic positioning, vessel automation and drilling systems under Brazil's ambitious rig-building program. The contracts are for the supply of propulsion systems on 22 ultra-deepwater rigs being built for Sete Brasil, the entity that will own the units and charter them to Petrobras (NYSE:PBR).
Today's Market News To Trade On: 5 Stocks Moving On News
Caterpillar (NYSE:CAT) -1.2% premarket after shares are downgraded to Neutral from Buy with a $101 price target, down from $116, at Goldman Sachs. Citing fears that sales in China will slow as the manufacturing sector stagnates and that commodity prices are set to drop, Goldman "no longer see(s) upside to consensus earnings expectations." The firm cuts its own EPS estimates for 2013, '14 and '15.
Selling A Financial Position To Buy A Financial Position
- GE, AAPL:
Don't Fall Into These 10 Buyback Traps
- VOD, VZ:
Wall Street Breakfast: Must-Know News
Vringo May Be Vetting A Buyer
Apple Could Take Another Beating
What Do You Need To Do Before The Next Market Meltdown?
- AGNC, CYS:
Best mREITs As Mortgage Rates Rise
- AAPL, MSFT:
Icahn's Play For Nuance Is Anything But Subtle
Nokia (NYSE:NOK) and Siemens (SI) each have the freedom from today to whatever they want with their 50% stakes in their Nokia Siemens Networks joint venture without the other firm having a veto. Siemens plans to exit NSN this year, although what Nokia will do is more uncertain. At the moment, the once perennial loss-making NSN is Nokia's bright spot and helps mitigate the problems at its handset unit.
Nokia Is Helping Windows Phone Gain Market Share
Visa: Positioned For Growth
Why British Stocks And The UK Economy Are In Trouble
- AAPL, MSFT:
Analyzing My Performance Near Quarter's End
3 Stocks To Buy, What's Next For The Market
T-Mobile's Bad Side: Too Much Debt and Too Little Equity for PCS
Using Percent Above Average Yield For Reinvesting Dividends
- DD, MSFT:
Citi strategists tweak the criteria for their top dividend-paying stock picks, lowering the standard for dividend yield while adding a new filter for dividend momentum "to give more emphasis on dividend safety and growth." The full list: MO, AEP, T, AVB, BMY, ED, D, DD, DUK, INTC, KMB, KRFT, LLY, MCD, MRK, MSFT, NU, NOC, OXY, PFE, PM, RTN, SRE, SO, SYY, XEL.
"We believe that Apple (NASDAQ:AAPL) will launch the iPhone 5S at China Mobile (NYSE:CHL) this July, as it launches the next iteration of the iPhone globally," writes Wedge Partners' Brian Blair, without elaborating on his sources. The remarks comes a little less than 3 months after Apple and China Mobile signed a confidentiality agreement. Blair sees a 5S model supporting China Mobile's TD-SCDMA 3G network likely entering production in May. (WSJ report)
Surface RT (NASDAQ:MSFT) sales "have slowed considerably in the last month from an already anemic pace" and could be below 50K/month, according to Detwiler Fenton's checks. Surface Pro sales are a little better - Detwiler estimates a Q1 tally of 300K-500K - in part due to limited competition from PC OEMs. The firm is counting on the launch of Windows Blue (expected to support 7" tablets) and Office's touch-friendly Gemini updates to give Windows 8 Pro tablet sales a lift. (Bloomberg)
T-Mobile's Contract-Free Plans Could Spur A Shift In The Wireless Industry
After-hours top gainers, as of 5:15 p.m.: CALL +17%. NVAX +6%. ZOLT +6%. NFX +5%. ZNGA +5%. After-hours top losers: KOS -10%. GPN -6%. VOD -4%. SEP -4%. OXM -3%.
- VOD, VZ:
Verizon (NYSE:VZ) doesn't "currently have any intention to merge with or make an offer for Vodafone (NASDAQ:VOD), whether alone or in conjunction with others," the telco announces, addressing an FT report about a possible joint bid with AT&T (NYSE:T). Verizon does reiterate it "would be a willing purchaser" of Vodafone's 45% stake in Verizon Wireless, but that's pretty well known. VOD -3.9% AH. VZ -0.8%. T -0.3%.
5 Positions For The Correction
Two Harbors Investment Corp. Announces Certain Adjustments to its Warrants
As Microsoft Pivots Toward Windows Blue, It Is Vulnerable To A Google Challenge
VIX - Options Volatility And Market Sonar: Tuesday Recap
- MSFT, V:
My Upcoming 'Swing For The Fence' Investment
Should You Buy CSX Corporation?
Thermo Fisher (TMO +3.7%) pops on market chatter speculating they have the leading edge in bidding for Life Technologies (LIFE +1.8%) bidding. Both popped higher Tuesday afternoon.
Intel: 21st Century Brick And Mortar
5 Dividends In Uncommon Industries Yielding More Than 5%
- VOD, VZ:
Verizon Wireless (VZ, VOD) has purchased Frontier (NYSE:FTR) and Rio Virgin Telephone's ownership stakes in Mohave Wireless, a rural 3G carrier operating in Arizona. Verizon, whose 4G LTE network covers nearly 89% of the U.S. population, says it will upgrade Mohave's network to 4G, now that it fully owns the carrier. Terms of the deal haven't been disclosed.
Apple (AAPL +0.7%) plans to start "production of a new iPhone similar in size and shape" to the iPhone 5 in calendar Q2, setting up a "possible summer launch," the WSJ reports. The paper adds Apple is working with manufacturing partners on a cheaper iPhone with a 4" display and "different casing" than the iPhone 5, and that a 2H launch for the device is possible. Both scoops mesh with iPhone rumors (I, II, III) that have been floating around in recent months. Samsung's Galaxy S IV, replete with a 5" display, is expected to go on sale in late April and May (depending on the market).
8 Reasons To Buy The Fallen French Giant
5 Reasons Why GE Shares Have Plenty Of Downside Risk
BlackBerry Is Back. Next Question: Will It Triumph?
Industry Dominating Visa Faces Hurdle In Dodd-Frank
Nordic American Tankers (NAT -10%) takes a dive after pricing its follow-on offering at $9.60 per share. Underwriters have the option to purchase 1.46M more shares over the next month.
- VZ, VOD:
Is Vodaphone Worth $245 Billion? AT&T And Verizon May Think So
Building A 6% Income Portfolio For 2013 (Part 9): Materials
The Credit Card Industry's Best Brand Is Posed For Growth
Disclosure: I am long MMM, AGNC, AAPL, MT, BRK.B, BKCC, CAT, CTB, DHY, CSX, CYS, DD, EXG, EFC, GRMN, GE, HLF, JPM, KCAP, KKR, LMT, LO, MGA, MSFT, NAT, OZM, PBI, PSEC, GOLD, RSO, SI, SKM, SLRC, SCCO, SXL, TMO, TOT, TWO, VZ, V, VOD, WAC, XIN, ZTR.