John Meady

Momentum Stocks : Southwest Airlines (NYSE:LUV), Dyax Corp. (NASDAQ:DYAX), Fossil Group (NASDAQ:FOSL), YY Inc. (NASDAQ:YY), Sony Corp (ADR) (NYSE:SNE)

Southwest Airlines Co. (NYSE:LUV) Chief Executive Officer Gary Kelly said, “I don’t see the need to do anything differently.” While Southwest doesn’t fly beyond the Caribbean and Mexico, it could pick up international passengers who fly into several U.S. gateways for flights across the country. Southwest Airlines Co. (NYSE:LUV) belongs to Services sector. Its net…

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Market Movers : Breitburn Energy Partners L.P. (NASDAQ:BBEP), Petroleo Brasileiro Petrobras (NYSE:PBR), Ciena Corporation (NYSE:CIEN), Ignyta, Inc. (NASDAQ:RXDX), Apple Inc. (NASDAQ:AAPL)

BreitBurn Energy Partners L.P. (NASDAQ:BBEP) announced today the pricing of its public offering of 14,000,000 common units representing limited partner interests in Breitburn (Common Units) at a price to the public of $18.64 per Common Unit. Breitburn has granted to the underwriters a 30-day option to purchase up to an additional 2,100,000 Common Units to…

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PBOC Announces Elimination of the Original Lending Rate Floor

The People’s Bank of China (PBOC) announced the elimination of the original lending rate floor of 30% discount to benchmark, allowing banks to lend at any discount to benchmark lending rates as they see fit. The PBOC scrapped the cap on lending rates in 2004, and this move will fully liberalize lending rates for banks….

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Comparable Sales Look Good For Chipotle

Chipotle saw a nice sequential uptick in comparable restaurant sales during the second quarter, with much of the 5.5% increase stemming from ongoing peak-hour traffic throughput efforts as well as greater call-to-action marketing. Entering the quarter, there were concerns that competitive pressures (emergent fast-casual restaurant competition and more aggressive promotional activity from traditional quick-service and…

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