Oxen Group EquityAnalytics – Application Software
July 2nd, 2011
Good Investing,
The Oxen Group
Tags: Group, Oxen Group
Accenture plc – Growth & Income
July 2nd, 2011Accenture plc (ACN – Snapshot Report) reported its 5th consecutive positive earnings surprise on June 23. Revenue jumped 21% year-over-year and EPS came in at a record 93 cents, beating the Zacks Consensus Estimate of 89 cents.
Management raised both its revenue and EPS guidance for the remainder of the year, and analysts significantly revised their estimates higher, sending shares to a Zacks #2 Rank (Buy).
While Accenture currently has strong earnings momentum, it also has a very solid balance sheet with over $5 billion in cash and no long-term debt. It has been aggressively buying back shares and paying a dividend that yields 1.5%.
Third Quarter Results
Accenture reported another strong quarter on June 23. Earnings per share came in at a record 93 cents, 4 cents ahead of the Zacks Consensus Estimate. It was a 27% increase over the same quarter in 2010.
Total revenue rose 21% to $7.204 billion, well ahead of the Zacks Consensus Estimate of $6.396 billion. Four out of the company’s five operating groups showed top-line growth of 20% or more.
Tags: Accenture Plc, Plc
Bing Gordon, Hacking Gamification
July 1st, 2011sFund Gamification June 30 2011
(AEP) American Electric Power Investing in Competitive Renewable Energy Zone Projects
July 1st, 2011Electric Transmission Texas, LLC (‘’ETT’’) – a joint venture between the subsidiaries of American Electric Power Company (AEP) and MidAmerican Energy Holdings Company – has entered into master agreements with three construction firms for transmission and infrastructure services associated with the Competitive Renewable Energy Zone (‘’CREZ’’) projects.
Electric Transmission Texasplans to invest approximately $1.4 billion in CREZ projects by 2013. These projects were assigned to ETT by the Public Utility Commission of Texas (‘’PUCT’’).
The three construction firms, namely Quanta Services Inc. (PWR), MYR Group, Inc. (MYRG) and TIC Holdings Inc., have displayed proven capabilities, strong safety focus and commitment to the ETT CREZ program.
The agreement ensures that ETT has significant construction resources committed to help complete its CREZ program in west Texas. As a result of the agreement, the three firms will have enough resources available to construct 450 miles of transmission lines and facilities.
The three construction firms will work under the direction of ETT and URS Corporation (URS). In 2010, ETT had made a con
Tags: American Electric, American Electric Power, Electric Power, Energy
Government Shutdown in Minnesota: 23,000 of 36,000 State Employees Furloughed; Ohio Privatizes Prisons; Pennsylvania Slashes School Funding
July 1st, 2011In what we should all hope happens at the national level, Minnesota Shuts Down after failing to pass a balanced budget by the June 30 deadline.
Minnesota’s state government began a broad shutdown on Friday going into the July 4th holiday, after Democratic Governor Mark Dayton and Republican legislative leaders failed to reach a budget deal.Parts of the government had already begun to shut down on Thursday ahead of the midnight budget deadline, including some websites and dozens of highway rest stops on one of the biggest travel days of the year.
The budget impasse means that some 23,000 of the roughly 36,000 Minnesota state employees will be furloughed, and state parks and campgrounds will be closed ahead of what is usually their busiest stretch of the year for the Independence Day holiday.
All but the most critical state functions will be suspended while the spending impasse continues into the new fiscal two-year period that starts on Friday, which would make the 2011 shutdown much broader in scope than one in 2005.
NJ Cuts Aid to Local Governments, Family Planning
Controversial Governor Chris Christie signed a $29.7 billion budget, averting a government shutdown, after slashing $900 million using his line-item veto authority from the budget Democrats had presented to him.
“I will not give in to the Democrats’ tax-and-spend agenda no matter how many times they and their allies and special interests demagogue me for refusing to do so,” Christie told the Associated Press.
Tags: State, State Employees
Today Made Up For It
July 1st, 2011I’m still short. I didn’t get wrapped up in feeling bullish after the Thursday, Friday, Tuesday thrust. It did kick me out of my trading account positions though and it did get me questioning myself. However, I stuck with the 2x inverse funds after going over the weekly indicators and seeing that there was still definite danger in the charts and in my indicators. It was not a good long setup. Today made up for it. Tuesday’s move is what really threw me.
Basically the indexes are showing the same exact setup as last week. However, what happened this time around is that we are getting oversold in the back half of the week and not the Monday/Tuesday like we did last week.
Last week I was playing for a total selloff into last Friday that would setup a buy going into this week. We had a very nice reactionary short squeeze that was sort of a blowoff. We should see new closing lows now. I’ve been in the 2x inverse funds after adding back to 100% on Thursday (I think). However, Thurs and Friday were bad for my option positions which took losses and scared me/stopped me out of my positions which would have killed today and more than made up for any drawdown. Same ol