Stock Market News & Stocks to Watch from StraightStocks » Intercontinental Exchange Inc. http://www.straightstocks.com Leading Stock Market News, Opinions and Commentary Wed, 25 Nov 2009 04:39:17 +0000 http://wordpress.org/?v=2.8.5 en hourly 1 ICE Launches New Energy Contracts – Analyst Blog http://www.straightstocks.com/stock-watch/ice-launches-new-energy-contracts-analyst-blog/ http://www.straightstocks.com/stock-watch/ice-launches-new-energy-contracts-analyst-blog/#comments Thu, 12 Nov 2009 15:00:00 +0000 Zacks Market Commentaries http://www.zacks.com/stock/news/27199/ICE+Launches+New+Energy+Contracts+-+Analyst+Blog On Monday, Intercontinental Exchange, Inc. (ICE) launched 40 new over-the-counter (OTC) energy contracts for North American natural gas, power, natural gas liquids and global oil products. Trading of the above contracts is scheduled to begin on Dec 7, 2009. 

The new cleared oil contracts include a differential calendar swap contract and a differential trade-month swap contract based on the Argus Sour Crude Index (ASCI). The two ASCI swap contracts will be available from Nov 13. 

These contracts will provide a set of complementary risk-management tools to the marketplace. Including these new products, the company now offers a total of 280 cleared OTC energy contracts, including nearly 190 new OTC contracts since the launch of ICE Clear Europe in Nov 2008. The transatlantic exchange, which operates in over 50 countries, is headquartered in Atlanta , with offices in New York , London , Chicago , Winnipeg , Calgary , Houston and Singapore . 

The company operates leading regulated exchanges, trading platforms and clearing houses serving the global markets for agricultural, credit, currency, emissions, energy and equity index markets. Intercontinental Exchange, Inc. reported its third quarter results on Nov 4. The company swung to a GAAP net income of $86.9 million or $1.18 per share from a net income of $75 million or $1.04 in the year-ago period. 

Results came in 3 cents ahead of the Zacks Consensus Estimate of $1.15. The quarterly results benefited from position limitations on speculators, sweeping regulatory reforms, lower expenses and record futures trading. The upside was also attributable to growth in the company’s core businesses, significant progress from new initiatives and stronger margins.
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]]> http://www.straightstocks.com/stock-watch/ice-launches-new-energy-contracts-analyst-blog/feed/ 0 Georgia Stocks http://www.straightstocks.com/current-market-news/georgia-stocks/ http://www.straightstocks.com/current-market-news/georgia-stocks/#comments Mon, 17 Nov 2008 02:24:00 +0000 Fred Fuld tag:blogger.com,1999:blog-23020893.post-7734811807573687183
As one of the states with the largest manufacturing industries in the country, it is no mystery as to why Georgia ranks as one of the top consumers of energy. Some interesting facts on what is the world 28th largest economy follow:

1. The travel industry contributes around $20 billion a year to the state economy.
2. Georgia’s bioscience industry generates 15,000 jobs.
3. Over 250 bioscience companies are headquartered in the state.
4. The Georgia paper industry is second only to Alabama, and it employs 26,000 workers.
5. The state has the largest commercial forest in the country, which produce over $19 billion in revenue and employ more than 150,000 people.
6. The food processing industry generates more than 70,000 jobs, and produces sales receipt of over $16 billion a year.
7. The largest manufacturing employer is the textile-carpet industry which employs over 100,000 workers and produces more than $2.5 billion in revenue annually.
8. There are over 700 textile companies headquartered in Georgia.
9. The mining industry of non fuel minerals produces $1.8 billion in income, and it employs over 9,000 workers.
10. Georgia’s clay production amounts to 24% of total U.S. production

The following companies are headquartered in Georgia:

The Coca-Cola Company (KO) makes, delivers and sells non alcoholic beverages around the globe. The stock has a market cap of $102.17 billion, a PE of 18, a PEG of 1.61, and it pays a yield of 3.4%.

United Parcel Service, Inc. (UPS) is a parcel delivery firm, and it operates worldwide. The stock has a market cap of $50.95 billion, a PE of 247, a PEG of 1.36, and it pays a yield of 3.5%.

Home Depot, Inc. (HD) is a retailer of home improvement products in North America. The stock has a market cap of $34.33 billion, a PE of 10, a PEG of 1.06, and it pays a yield of 4.5%.

Southern Company (SO) produces and markets electricity in the south. The stock has a market cap of $25.79 billion. A PE of 15, a PEG of 2.74, and it pays a dividend of 5.2%.

Aflac Incorporated (AFL) is a life and health insurance company in the United States and Japan. The stock has a market cap of $20.54 billion, a PE of 12, a PEG of 0.74, and it pays a yield of 2.3%.

SunTrust Banks, Inc (STI) is a financial institution providing services to individuals and businesses in the United States. The stock has a market cap of $14.81 billion, a PE of 12, a PEG of 2.49, and it pays a yield of 7%.

Invesco Ltd. (IVZ) is an investment management company providing management services in the United States. The stock has a market cap of $5.67 billion, a PE of 9, and it pays a yield of 1.4%.

Oca Cola Enterprises, Inc. (CCE) makes, distributes and sells nonalcoholic drinks. The stock has a market cap of $5.45 billion, a PEG of 1.27 and it pays a yield of 2.5%.

Genuine Parts Company (GPC) is a distributor of industrial and automobile parts in North America. The stock has a market cap of $5.48 billion, a PE of 11, a PEG of 1.30, and it pays a yield of 5.0%.

Intercontinental Exchange Inc. (ICE) is an online marketplace for the trading of securities and commodities. The stock has a market cap of $5.49 billion, a PE of 19, and a PEG of 0.67.

Don't forget to check out the stocks from the states of Wisconsin, Louisiana, Michigan, and Kentucky.

Author owns UPS.

By Stockerblog.com
]]> http://www.straightstocks.com/current-market-news/georgia-stocks/feed/ 0 Global Margin Call Pushing Oil Prices Lower … http://www.straightstocks.com/market-commentary/global-margin-call-pushing-oil-prices-lower/ http://www.straightstocks.com/market-commentary/global-margin-call-pushing-oil-prices-lower/#comments Wed, 17 Sep 2008 07:30:00 +0000 Sean Brodrick tag:www.moneyandmarkets.com://1360ec48e6978f30c30f405174f93de4 http://www.straightstocks.com/market-commentary/global-margin-call-pushing-oil-prices-lower/feed/ 0