Transcept Pharma (TSPT)
We recently initiated coverage of Transcept Pharmaceuticals (<a href=http://www.zacks.com/stock/quote/tspt>TSPT</a>) with an Outperform rating and $12 price target. We think Intermezzo is a product that can fill a much needed void for insomnia patients with chronic nocturnal awakenings. <p> An FDA decision on the pending new drug application is expected in late October 2009. We think approval is a high likelihood event at that time. <p> With the commercialization partner signed and the financial position solid (estimated $95 million on hand), the stock is significantly under-valued, in our view.Brown & Brown, Inc. Announces the Acquisition of the Group Employee Benefits Division of Roussel & Associates, LLC
DAYTONA BEACH, FL and TAMPA, FL--(Marketwire - August 31, 2009) - C. Roy Bridges, Regional
Executive Vice President of Brown & Brown, Inc. (
Roussel & Associates is an established financial services agency and will continue to offer a range of financial products and services to individuals and businesses in Brentwood, Tennessee and the greater Nashville metropolitan area.
John Murphy: BIG DROP IN CHINESE SHARES CAUSES SELLING IN GLOBAL STOCKS AND COMMODITIES — COPPER AND OIL (AND THEIR RELATED STOCKS) ARE HIT THE HARDEST — SAFE HAVEN MONEY IS MOVING INTO THE YEN AND TREASURIES — OVERBOUGHT STOCKS ARE STARTING TO SLIP — WATCHING THE VIX FOR AN UPSIDE BREAKOUT
I had been surprised at how little attention was being paid to the big drop in Chinese shares since the start of August. That's why I warned on Friday that the big drop in Shanghai could cause...MediaG3 Announces Merger With Cutting Edge Wireless Provider, Imperial Wireless, LLC.
SANTA CLARA, CA--(Marketwire - August 31, 2009) - MediaG3, Inc. (http://www.mediag3.com)
(
Both MediaG3 and Imperial Wireless are very well positioned to benefit from this advantageous opportunity. In the integration of their technologies, products, and services, both companies will provide end-to-end wireless applications to both the American and Asian markets. Imperial Wireless' next generation of WiMax technology, equipment, and services, in combination with MediaG3's LMDS platform, will provide the post-merger Company with significant competitive advantages as it executes its expansion plans in rural and metropolitan areas in the United States and international
Sunoco (SUN)
Our Underperform recommendation on Sunoco (<a href=http://www.zacks.com/stock/quote/Sun>SUN</a>) shares takes into account the bearish refining margin outlook. A growing supply overhang in the face of a recession-induced fall in global oil product demand has led to a squeeze in refiners profits. <p> Sunoco's lack of geographic diversification and refining flexibility has also become a major liability, in our view. Weighed down by these factors, the company posted a second-quarter 2009 loss. <p> Overall, we see a fairly unfavorable macro backdrop for independent refiners like Sunoco. We believe this will cause Sunoco shares to underperform relative to the market as well as the sector in the coming quarters.Yum! Brands (YUM)
The operator of Taco Bell, Pizza Hut, and KFC fast food chains, Yum! Brands (<a href=http://www.zacks.com/stock/quote/yum>YUM</a>), reported second quarter results, with double-digit growth in the bottom-line. Earnings per share grew 11% to 50 cents, surpassing the Zacks Consensus Estimate of 43 cents. <p> Driving growth is the company's overseas divisions (China and Yum Restaurants International), which constitute the only stable segment of the entire restaurant industry. Both the divisions are on track to grow operating earnings by an average CAGR of 20% and 10%, respectively. <p> The U.S. operations are also showing signs of revival with an expected operating earnings growth of 5%. We think the stock provides relative safety and moderate growth in a turbulent environment and exposure to faster-growing international markets. <p> As a result, the company remains confident of its business model and its ability to deliver at least 10% EPS growth in 2009 and beyond consistently. As such, we maintain an Outperform recommendation on the stock.John Murphy: TREASURY RALLY HINTS AT STOCK PULLBACK — SO DOES 20% AUGUST DROP IN SHANGHAI INDEX — GOLD IS CONSOLIDATING IN BULLISH SYMMETRICAL PATTERN — GOLD SHARES ALSO LOOK PROMISING
Last week (August 18) I wrote about one of the side-effects of a deflationary environment being the positive correlation between stock prices and Treasury bond yields. In other words, Treasury...Syniverse Is to Acquire VeriSign’s Messaging Business
Acquisition Expands Syniverse's Global Scale and Reach With Enterprise Offerings
Syniverse Is to Acquire VeriSign’s Messaging Business
Acquisition Expands Syniverse's Global Scale and Reach With Enterprise Offerings
Syniverse Is to Acquire VeriSign’s Messaging Business
Acquisition Expands Syniverse's Global Scale and Reach With Enterprise Offerings