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| LAKELAND FINANCIAL | (NSDQ: LKFN)Add to My Watchlist |
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| Fri, Nov 13, 2009 | ||
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Upbeat Earnings Lift Markets
Investors focused on upbeat earnings to lift the markets higher during the midday with the Dow gaining 84 points to 10,281. Nasdaq climbed 19 points to 2168.
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MarketMinute.com Mar...
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Gappers report: Bearish gaps
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theflyonthewall.com
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Pre-market top 5 losers
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theflyonthewall.com
Theflyonthewall.com is Wall Street's specialist in breaking equity news. Veteran traders build a proprietary feed of news that's faster and more relevant than any other source. Try us for free and discover for yourself. |
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Benzinga’s Top Pre- Market Losers (MAIL, ESE, CADX, TCLP, LKFN, BRCD, GOLD, LBTYA)
IncrediMail Ltd. (USA) (NASDAQ: MAIL) decreased $0.17 or 2.16% to $7.70 after it reported third quarter total revenue of USD 5.9 million against USD 2.1 million same quarter last year. In the last six months, MAIL gained over 56%. ESCO Technologies Inc. (NYSE: ESE) tumbled 15% to $41.74 after it reported financial results for the fourth quarter of 2009. So far in the current year, ESE declined by 8%. Cadence Pharmaceuticals, Inc. (NASDAQ: CADX) plunged 5.76% to $9 after CADX announced that the U.S. Food and Drug Administration (FDA) has extended the new drug application review to February 12, 2010. TC Pipelines, LP (NASDAQ: TCLP) plunged 5.40% to $37.63 after TC Pipelines announced the offering of its 5 million common stocks. The 52 week trading range for TCLP is $18.11 - $41.54. Yesterday TCLP closed at $39.81. Lakeland Financial Corporation (NASDAQ: LKFN) plummeted 6.25% to $17.09 in the pre-market trading after LKFN offered 3.5 million shares at $17 a share. So far this year is down 23%. Brocade Communications Systems, Inc. (NASDAQ: BRCD) decreased $0.03 or 0.37% to $8.08 after BRCD was downgraded from Buy to Hold. So far this year, BRCD gained over 185%. Randgold Resources Ltd. (ADR) (NASDAQ: GOLD) declined 0.06% at $79.58 in the pre-market session. The 52 week trading range for GOLD is $25.05 - $81.64. So far this year, GOLD gained over 81%. Liberty Global Inc. (NASDAQ: LBTYA) declined by 9% at $21 in the pre-market session after Liberty Global entered into an agreement to acquire Unitymedia GmbH for equity purchase price of $3 billion. So far this year, LBTYA gained over 45%. |
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Lakeland Financial (LKFN) Announces 3.5M Common Stock Offering at $17/Share
Visit StreetInsider.com at http://www.streetinsider.com/news.php?st=p&id=5105305 for the full story.
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StreetInsider
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| Wed, Nov 18, 2009 | ||
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Lakeland Financial Corporation Announces Closing of $59.5 Million Public Offering of Common Stock - GlobeNewswire | |
| Fri, Nov 13, 2009 | ||
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Lakeland Financial Corporation Announces Pricing of Common Stock Offering - GlobeNewswire | |
| Mon, Nov 09, 2009 | ||
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Lakeland Financial Corporation Announces Commencement of Marketing Efforts for the Offering of 3.5 Million Shares of Common Stock - GlobeNewswire | |
| Mon, Oct 26, 2009 | ||
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Lakeland Financial Corporation Announces Filing of Registration Statement for the Offering of 3.5 Million Shares of Common Stock - GlobeNewswire | |
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Lakeland Financial Reports Strong Results
Loan Growth and Interest Margin Improvement Contributes
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GlobeNewswire
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| Mon, Jan 21, 2008 | ||
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The Greek's Week Ahead - Money Honey Does Davos
The Greek's Week Ahead has been engineered to prepare you for the events that could impact your portfolio this week. The federal government is desperately seeking the perfect fiscal stimulus package to save America. The administration is frantically readying specifics for the State of the Union Address, and Congress busily meets to debate the topic this week. The Federal Reserve, meanwhile, attempts to use everything in its bag of tricks to restore confidence. Well, The Greek knows the perfect medicine to do the trick. Maria Bartiromo warms January every year as she traverses the Atlantic to cover the World Economic Forum in Davos, Switzerland. Heck, if she can melt snow in the Alps, then the Money Honey outta be able to stimulate the economy. Don't you just love Davos time?... The best cure for the horror of a trading week we witnessed in that pitiful period just passed is a three-day weekend. Now, we kindly warn the faint-hearted to please leave the room as we recap the destruction. After a positive start to last week, the Dow Composite sank through the rest of the period. The Dow Jones Industrials moved 4% lower on the week, while the S&P 500 sank 5.4% and the Nasdaq fell 4.1%. The troubles were not limited to U.S. shores though, with just about every major global market also sinking. Only Taiwan rose on the week, moving some 2.1% higher. Leading losers in Asia were the Philippines, down 9.5%, and Indonesia, down 8.6%. The important markets of India and Hong Kong fell 7.8% and 7.7%, respectively. Things weren’t much better in Europe, with Sweden doing best in losing just 3.2%. On the other end of the spectrum, Belgium and Norway lost 7.7% each. The DJ STOXX Index sank 4.7%. In the states, all sectors sank except fixed income, where declining yields and increased demand drove bond prices higher. Still, fund money flows were positive except in the municipal bond space, where presumably the trouble brewing at MBIA ( Think positive... Speculation about the likelihood and degree of fiscal stimulus will be front and center again this week, as Congressional committees in both branches of Capitol Hill meet to discuss just that. We here at The Greek believe the President’s idea to impact GDP by 1% or so with stimulus would be effective, and we also approve of the rumored $800 tax rebate check. That would prove meaningful to a heck of a lot of folks, and for those who might consider it just a pittance, it offers incentive to go buy something they’ve been coveting for awhile. Retailer shares reacted positively to the news. Also, the theoretical $1,600 bonus for married couples is precisely the shot in the arm the American household needs right now. Apparently Democrats are more concerned about how we are going to pay for these desperately needed offerings, and John McCain on the Republican side also harped on the subject. I heard NY Democratic Senator Charles Schumer mouthing off about how much better increased government spending would be, over the proposed direct payout. How do you feel about that America? Would you rather the government decide where to spend this cash infusion, or do you think you might do better with that decision yourself? Feel free to comment using the “comment” link below this article. Market-Moving Event Schedule: Monday U.S. markets are closed to honor the memory of Dr. Martin Luther King Jr. A handful of companies were still scheduled to report earnings on Monday though, including DST Systems ( Tuesday The Senate Finance Committee begins important discussion of fiscal stimulus. We hope the Committee gets things off on the right foot, and does not send a message to the market of a bogged down debate that could lead to a late impacting, future government aid package. Americans need that money now! We’ll get an indication of just how badly so, with the 10:00 a.m. release of State Street’s Investor Confidence Index. Two important foreign central banks are scheduled to make announcements on Tuesday. The Bank of Canada is expected to cut its target rate by a quarter point as it weighs the near-term impact of a slowing American economy on its Republic. The Bank of Japan will end its two-day meeting on Tuesday, and is expected to announce that it will hold rates steady at 0.5%. It’s hard to envision any central bank raising rates now, outside of China where growth continues, but the ECB continues to raise the specter of inflation in its public discussions. Barron’s reports that at some point this week China will announce its economic growth figures for the fourth quarter and the full year of 2007. This report, if it shows impact from U.S. softening, could set off the fire alarm in the world’s emerging markets. Up to this point, still high-flying Asian investors (relatively speaking) have only smelled what they think is smoke. With the U.S. flailing, pension fund flows have likely been increasing into emerging markets, helping to offset profit-taking impact and the global growth slowdown scare. OPEC is scheduled to issue its monthly oil market report, where it should be all like, “I told you so hungry energy consuming world.” OPEC will likely point toward American economic weakness as good reason to keep production steady, or dare I say, even warn of potential production cuts. Hopefully, George Junior got a few good words in for us on his Mid-East trip last week. Tuesday’s earnings schedule will be headlined by Apple ( Other notables on the schedule include Cree Inc. ( Wednesday The House Budget Committee picks up the baton from the Senate, when it commences its own debate regarding fiscal stimulus on Wednesday. The weekly Same-Store Sales Report from the ICSC-UBS is pushed back day for the holiday-shortened week. Recall, last week’s data showed a sharp drop in growth rate to 1.1%. With all indications that the consumer is softening, and is also now well aware of his own situation, you can expect further weakness in this figure. The Mortgage Bankers Association’s Mortgage Applications Index should continue to show benefit from sharply lower interest rates. Yields have dropped precipitously on the flight to safety and expectations for a Fed rate action. The treasury market forecasts a 50 point cut at least, and is actually looking toward 75 points. Now that the Fed’s “transparency” has raised expectations, they can let us all down with action that is more likely to mirror their conservatism. If we don’t get 75 points in aggregate by the end of the month, I see my hope for near-term rally sharply damaged. The Greek continues to expect the Fed to follow up the President’s State of the Union introduced stimulus plan with a sharp cut at the regular January meeting. Sharp better mean 75 to 100 basis points though, and 50 to 75 seems more likely from this group... 
It’s Davos time! Yes, it’s already that time of year when Maria Bartiromo gets to don her snow bunny outfit and board a plain to Switzerland to the World Economic Forum. While there, she will utter her favorite word (now ours as well), “Davos,” again and again. I must admit, it’s a turn on for The Greek! We love you Money Honey! Hopefully Switzerland will also be a turn on for the Greek national soccer club in June when it defends its European championship. The EIA will report on Petroleum Status at its regular time, 10:30, but the market remains focused on the economic outlook and this week, on OPEC’s announcement. The Greek continues to see oil prices declining this year until Iran, so we would underweight energy. We outlined this view in our article, Sunset for Solar Stocks, in case you missed it. Wednesday’s earnings schedule includes some of the market’s heavy hitters including Brinker International ( Thursday At 8:30, the market will be closely attuned to the Weekly Initial Jobless Claims Report from the Labor Department. The last few weeks have drifted well off the peaks of late December. Bloomberg’s consensus of economists is looking for new claims amounting to 321K for the week ended January 19. Last week’s reading measured 301K, but offered no relief to the market. The Greek continues to expect widening financial sector and retail/restaurant space layoffs to mount this year, driving unemployment well above the current 5.0%. At 10:00 a.m., Existing Home Sales for December are seen at an annual run rate of 4.95 million. Last week’s Housing Starts Report showed they sank to lows not seen since 1991. We wouldn’t expect any positive surprise here either. What should start housing stocks higher is a 100 point move by the Fed... Otherwise, the gradual thinning of home inventory should do it by mid-year, despite rising foreclosure channel flow. The stocks will lead their market’s recovery, not visa versa. The EIA’s Natural Gas Report is due at 10:30. The EIA’s own website indicates this report will be on Thursday, but in the past, long holiday weekends have led the group to push back reports a day. If that’s the case here, look for Petroleum Status Thursday and Natural Gas on Friday. Get ready for a meaty earnings schedule on Thursday, including 1-800-FLOWERS.COM ( Friday There’s nothing on the slate outside of earnings news on Friday. Those reports include Caterpillar ( We hope you once again found value in our weekly market-moving event planner, and we look forward to providing your daily insight all week long at WallStreetGreek.com. Help us grow our grass roots effort by clicking the small envelope at the bottom of this article and sending notice to your friends about the Wall Street Greek value add. Receive Wall Street Greek FREE via email by subscribing here . ( disclosure ) 
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| Thu, Oct 25, 2007 | ||
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Thursday's 52 Week Lows
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| Mon, Oct 15, 2007 | ||
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The Greek's Week Ahead - The Growth Hoax
The Greek's Week Ahead has been engineered to prepare you for the events that could impact your portfolio this week.
At times like these, when the Fed seeks to stimulate economic growth, the sector that should benefit most is growth oriented and "low quality" shares in our view. However, we view the current market environment illusory, and providing a sort of growth hoax that we expect will be exposed after the Fed's Halloween meeting. Expansionary measures are meant to help firms find capital to finance growth at times when a little extra incentive is useful. In that type of environment, the firms that benefit most are the ones financing growth in ways other than through the use of operating cash flow. These are riskier firms, the kind without earnings but with high hopes and debt. At the risk of getting too technical... They benefit also because most, if not all, of their value is found in the terminal portion of the discounted cash flow model, the part outside of the forecast period and most sensitive to changes in cost of capital. In the period after the start of the Fed's most recent expansionary spurring, you remember the one after the tech bubble burst in 2000-2002, there was an initial premature market rebound before the realization of a tough environment sent stocks lower. However in 2003, when it was clear Fed support would help the economy find traction, it was the "low quality" shares that outperformed. That period taught me a lesson that I noted well. I learned that lesson as I watched a sell recommendation rise ahead of many of my better run "buy" names. That sell idea that burned the painful, though useful, memory into my young analytical skull was FuelCell Technology ( The current period is considered by many, if not most, as one characterized by the start of Fed expansionary efforts, and this may be behind the outperformance of "riskier" industries of late. For instance, the S&P Biotechnology group is up 10.3% in the 13 weeks through October 5. Over that same 13 week period, the Information Technology sector (+4.9%) is second in performance only to energy (+5.5%), but $80+ oil has a lot to do with that sector's leadership. I believe the rug (or ruse) of Fed bias is about to be pulled out from under the market. If this latest Fed maneuver is representative of a "one and done" type move, as I outlined on the day of the cut, then the current market run may be short-lived for these names. The hoax would be exposed and the old favorite defensive names would come back to favor, while riskier stocks would lose their luster just as they were starting to polish up. The way to play this sometime between my publishing of this article and a week ahead of Halloween, is to go short the industries that got hot around the cut, and long the names that got cold around that same time. Now let's take a look at the week ahead... Outside of earnings season revving up into full swing, a rather light event week kicks off Monday with the 8:30 a.m. EDT reporting of the Empire State Manufacturing Index. The October measure of the state of manufacturing in the New York area is seen reaching 12.5 in October, down from September's reading of 14.7, according to Bloomberg's consensus of economists. Last month's figure was a significant disappointment, with expectations for a reading of 20. The day marks the debut of CNBC's new formidable rival, the Fox Business Network. Markets will be closed in Argentina, Chile and Columbia, marking Columbus Day. I guess it took him a few more days to discover South America? Did you know he landed first in the Bahamas? In the evening, Ben Bernanke will keep some economists attuned to the wire as he speaks to the Economic Club of New York, no doubt over a New York strip steak. Monday's earnings slate is headlined by Citigroup ( Others reporting on Monday include Alfacel (
In light of the approaching Federal Open Market Committee meeting on Halloween, be sure to catch Tuesday's weekly same-store sales report from the International Council of Shopping Centers-UBS. Last week's report showed very soft year-to-year sales growth of just 2.1%, and the retail sales report for September showed misleading strength inflated by transactions of expensive gasoline and unexplained auto sales improvement.
Industrial Production for the month of September is expected to increase 0.1%, according to Bloomberg's consensus. That's down from last month's 0.2% increase and July's 0.3% growth. Economists are still figuring out whether this trend is indicative of cautious production ahead of softening domestic end-demand, or change driven by real economic downturn today. Capacity utilization is seen slipping just modestly though, to 82.1% from 82.2%. Treasury International Capital for the month of August is set for report Tuesday. Foreign demand for long-term U.S. securities dipped in the last report to $19.2 billion in July, from $120.9 billion in June. With the dollar sinking, one would expect September's report to show up weak, no matter what happened in August. This is likely something the Federal Reserve will pay attention to, and certainly the Treasury Secretary will. Speaking of the dollar, the Bank of Canada is set to decide what to do with its interest rates, and given signs of Canadian economic weakness cited in the FOMC meeting minutes released last week, we would not expect action detrimental to the U.S. dollar relationship. The National Association of Homebuilders' Housing Market Index is expected to set a new all-time low in October, according to Barron's and Lehman Brothers, after its recent record breaking bottom of 20 in September of this year. Tuesday's earnings report schedule will be headlined by a couple of tech giants, as Intel ( The rest of the day's earnings reporters include A.O. Smith (
On Wednesday, we'll get a look at how higher producer prices may have impacted consumer prices. It's more likely that higher energy prices found their way into the Core CPI figure than they did in the Core PPI, reported last week up just 0.1%. The headline PPI measure was up 1.1% on changes in food and energy prices. Regarding the September CPI metric, Bloomberg's consensus expects a 0.2% increase across the board. While it's not the Fed favored metric, pay close attention to whether the year-over-year CPI growth fits into the Fed tolerable range of 1%-2%. September Housing Starts are expected to fall to a 1.3 million annual pace, down from August's 1.33 million, thus continuing the well-documented slide of housing. On that note, the Mortgage Bankers Association makes its regular Purchase Applications report early Wednesday, but it will likely be muted by the more important Housing Starts data. With oil rising against all odds, at least on the Greek's book, the EIA will report its regular inventory data at the usual 10:30 time. You would think that with the economy slowing, oil prices should trim some fat, but as the dollar weakens, the relative value of commodities rise. At 2:00 p.m. the obscure sounding but actually important Beige Book will display a compilation of the Fed's regional reports. Much can be gleaned here about how the Fed is thinking heading into the Halloween meeting. We may get some anecdotal evidence about the state of employment on Wednesday, with the simultaneous earnings reports from Labor Ready ( The remainder of Wednesday's earnings reports include Abbott Labs (
On Thursday, Weekly Initial Jobless Claims are seen measuring 312,000 in the Labor Department's latest reporting. Last week, the list of new benefits filers amounted to 308,000. Remember, this list does NOT include old slaves to the corporate box, who have been recently converted to babble producing bloggers in an empty box, like muah? Hey, if you can't laugh at yourself, then you probably have not made a blog post at 3 a.m. yet! The Conference Board will produce its Leading Indicators Index still too late for the Fed to use in its new effort to predict economic change (God bless em). The month-to-month change in the figure is expected by Bloomberg's consensus to show increase of 0.3% in September, after a 0.6% decrease in August. The EIA Natural Gas inventory report is due at 10:30, while hurricane season comes to an end. At noon, the Philly Fed Index should show Philadelphia area manufacturing sentiment decreased versus the prior month. Bloomberg published a consensus estimate for a reading of 7.0 this time around, compared to 10.9 in September. Thursday is the day Google ( The remainder of Thursday's earnings schedule includes A. Schulman (
China's H-Shares get a day off, as the Hong Kong market is closed on Friday. The Group of Seven finance minsters is set to meet in Washington at the end of the week, and many experts are anticipating pressure on Treasury Secretary Paulson to do something about the troubled dollar. William Poole and Ben Bernanke will address a group together on Friday, as they discuss "Monetary Policy Under Uncertainty." We wonder if Mr. Poole will define his usage of the word "calamity" and if he understands now when and when not to use such language. Reporting earnings at the week's close, look for news from Dow global growth stories, Caterpillar ( If you would like to advertise in the space below our articles, we are now offering tailored plans, including assistance in ad design. Contact us at WallStreetGreek@gmail.com to find out more. (disclosure) 
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