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BlackRock, Inc. (BLK) June 18, 2013 8:00 am ET Executives Patrick M. Olson - Managing Director Matthew J. Mallow - Senior Managing Director and General Counsel Robert S. Kapito - President, Director, Chairman of Operations Committee and Member of Executive Committee Rich Kushel - Deputy Chief Operating Officer Quintin Rupert Salter Price - Senior Managing Director and Head of Alpha Strategies Group Amy Schioldager - Managing Director and Head of Equity Index Portfolio Management Robert William Fairbairn - Senior Managing Director Robert L. Goldstein - Senior Managing Director Charles S. Hallac - Chief Operating Officer and Senior Managing Director Mark Wiedman - Managing Director Gary S. Shedlin - Chief Financial Officer and Senior Managing Director Laurence Douglas Fink - Chairman, Chief Executive Officer and Chairman of Executive Committee Barbara G. Novick - Vice Chairman Ann Marie Petach - Former Senior Managing Director Peter R. Fisher - Senior Managing Director and

A million more people joined the ranks of the global super-rich last year, almost a third of them in Asia, as soaring stock markets helped bolster the fortunes of wealthy investors. The number of "high net worth individuals" climbed by 10% in 2012, taking the total worldwide to 12m, according to research by Royal Bank of Canada and consultancy Capgemini. Between them, these twelve million people owned assets worth $46.2tn (£29.5tn) – more than three times the entire annual output from the US economy, and a 10% increase on 2011. A high net worth individual is defined as anyone with $1m (£641,000) or more in "investable assets". The definition excludes the value of a main home and of any "consumer durables" such as cars. World markets were volatile in the first half of 2012, as the eurozone crisis deepened; but after ECB president Mario Draghi promised to do "whatever it takes" to protect the single currency in July, and the Federal Reserve unleashed a drastic third round of quantitative easing in September, share prices recovered strongly, boosting the wealth of those with investments. The findings are likely to increase concerns that the benefits of central banks' radical policies to rekindle economic growth have accrued overwhelmingly to those at the top of society, while unemployment remains stubbornly high in many countries and incomes have been under severe pressure. Britain is home to the fifth-largest group of super-wealthy individuals, according to the report, with 465,000 super-rich individuals, up from 441,000 in 2011. The wealth report came as the latest UK inflation figures showed that with the consumer price index running at 2.7% in May wages for average British workers have now failed to keep up with prices for more than three years. Frances O'Grady, general secretary of the TUC, said, "economic stagnation has caused incomes to fall for most ordinary families but the wealth of the super-rich just keeps on growing. Unless this inequality is tackled Britain could experience a pretty joyless recovery, with the majority of the population seeing little or no benefit when economic growth returns." The US regained its place at the top of the league table in the report, as the home to 3.73m high net worth individuals, up by more than 11.5% on 2011, as the recovering property market helped repair the damage to wealthy investors' housing portfolios inflicted by the downturn of the past five years. The Asia-Pacific region was just behind the US, with a population of 3.68m super-rich investors – up by more than 9% on the year. Europe, where the economy of the single currency zone has now been in recession for 18 months, was home to 3.4m high net worth individuals, but saw a smaller rise in their number, of 7.5%, in 2012. The researchers also sub-divide the millionaires according to their wealth. There was an increase of 11% in 2012 in the number of people classified as "ultra high net worth individuals", the creme de la creme of the super-rich. These 110,000 people are worth $30m or more, and hold assets worth more than $16tn between them. A middle group of just over a million people, the "mid-tier millionaires", held $10tn-worth of assets between them; and a much larger group of 10.8m people, which the report refers to as the "millionaires next door", held assets worth $1m-$3m. The data also underlines the stark geographical divide in the distribution of wealth across the world, with just 140,000 of the 12m super-rich living across the entire continent of Africa. That was an increase of almost 10% from 2011; but still fewer than in Italy, Australia or Brazil. RBC and Capgemini's analysts forecast that the super-rich will continue getting richer, with the total wealth held by this group expected to expand by 6.5% a year over the next three years. The super-rich emerge from the survey conducted as part of the research as a relatively conservative group. They managed their assets cautious

ACADIA Pharmaceuticals (NASDAQ:ACAD): Closing price $18.43 On Tuesday, ACADIA presented data from its Phase III program with pimavanserin for Parkinsons disease psychosis, which included data from its pivotal -020 Study and the related, open-label safety extension evaluation, at a poster session at the 17th International Congress of Parkinsons Disease and Movement Disorders in Sydney. Data from the open-label safety extension study showed that long-term administration of pimavanserin is primarily safe and well tolerated in PDP patients, and implied that the duration of antipsychotic effect might be maintained for more than the six weeks investigated in the pivotal -020 Study. ACADIA is  a biopharmaceutical firm focused on innovative treatments that meet unmet medical needs in neurological and related central nervous system disorders Are these stocks a buy or sell? Let us help you decide. Boston Scientific Corporation (NYSE:BSX): Closing price $9.54 Patients suffering from Parkinson’s disease using the Boston Scientific’s Vercise DBS (deep brain stimulation) System exhibited a significant improvement in motor scores, according to interim data from the VANTAGE DBS evaluation. Data from the six month follow-up of as many as 40 participants enrolled in the VANTAGE trial were presented at the annual International Congress of Parkinson’s Disease and Movement Disorders in Sydney, by Dr. Lars Timmermann, of University Hospital in Koln. The Vercise DBS System is comprised of multiple independent current control, which was created to selectively stimulate targeted areas in the brain, allowing physicians fine control of stimulation. Are these stocks a buy or sell? Let us help you decide. Chembio Diagnostics (NASDAQ:CEMI): Closing price $4.92 Chembio announced Tuesday that it’s SURE CHECK HIV 1/2 Assay has received CE Mark approval from regulators in Europe. The Assay is now approved for commercialization within the European Union for fast, point-of-care detection of HIV. The product is FDA-approved and distributed in the United States as Clearview COMPLETE HIV 1/2 by Alere NA. At this time, Chembio is collaborating with commercialization partners in Europe, and it expects to see sales of the SURE CHECK HIV 1/2 Assay in the European Union by the first quarter of 2014. Are these stocks a buy or sell? Let us help you decide. Don’t Miss: Will This Ad Convince Americans of Obamacare’s Benefits? Read the original article from Wall St. Cheat Sheet

U.S. stocks rose today, with the S&P 500 rising to its highest point in June as investors wait for news from the Federal Reserve’s two-day meeting to decide whether to continue with stimulus efforts. Many investors seem to doubt that the central bank will cut stimulus anytime soon despite the improving economy, and are expecting the Fed to err on the side of caution when choosing to end the stimulus program. NEW! Discover a new stock idea each week for less than the cost of 1 trade. CLICK HERE for your Weekly Stock Cheat Sheets NOW! Gold: -1.19% to $1,366.50 per ounce  Oil: +0.47% to $97.85 per barrel  U.S. 10-Year: +0.51 to 2.18% Low Inflation Is a Mixed Blessing for U.S. Economy: At a glance, quantitative easing has four primary effects on the economy: lower real interest rates, higher equity valuations, currency depreciation, and higher inflation expectations. Most of these effects have been evident in the ongoing economic recovery — interest rates are near record lows, the markets have never been higher, and forex is borderline competitive — but inflation, as many economists are quick to point out, has been almost problematically low… (Read more.) NEW! Discover a new stock idea each week for less than the cost of 1 trade. CLICK HERE for your Weekly Stock Cheat Sheets NOW! Economic Optimism Spills Over Into Retail: Last week, the U.S. Department of Commerce reported higher-than-expected retail sales figures and stoked optimism for more accelerated growth in the near future. The data even prompted Barclays to upwardly revise its predictions for second-quarter gross domestic product from a 1.1 percent annual rate to a 1.8 percent annual rate… (Read more.) Draghi Won’t Be Stymied By the Limitations of Monetary Policy: European Central Bank President Mario Draghi devoted his Tuesday speech in Jerusalem to the limitations of monetary policy — a topic that “has attracted a great deal of attention since the beginning of the financial crisis.” He began by saying that “circumstances have forced all major central banks to resort to instruments and policies carefully tailored to the unusual situation.” The 17-member euro zone is experiencing its longest recession ever — in the first three months of the year, gross domestic product fell 0.2 percent and unemployment hit at a record high… (Read more.) Here’s your cheat sheet to today’s top stock stories:  Verizon Wireless (NYSE:VZ) has confirmed that it’s interested in buying the small Canadian wireless network Wind Mobile, as Canada looks to expand its national wireless market to offer consumers more competition and more choice. Verizon’s Chief Financial Officer Fran Shammo confirmed reports about Verizon’s interest in expanding into the Canadian wireless market to The Wall Street Journal on Tuesday… (Read more.) Intel’s (NASDAQ:INTC) new Xeon Phi line of high-speed computer chips are being used in the world’s fastest and most powerful supercomputer, China’s Xianhe-2. Xianhe-2, which translates as MilkWay-2, was just named the world’s most powerful computer on a list published twice a year ranking the world’s top 500 supercomputers. Xianhe-2 offers more than double the performance of the top-rated supercomputer on the November 2012 list… (Read more.) NEW! Discover a new stock idea each week for less than the cost of 1 trade. CLICK HERE for your Weekly Stock Cheat Sheets NOW! Groupon (NASDAQ:GRPN) is a hard stock to follow. It’s up, it’s down; it’s on the point of collapse, it’s booming. Which one is it, Groupon? While some are quick to capitalize on its recent success story — Deutsche Bank (NYSE:DB) recommended investors buy on Friday — others are more weary to jump back on the bandwagon… (Read more.) Sprint Nextel Corp. (NYSE:S) is suing Dish Network (NASDAQ:DISH) to block Dish’s rival bid for Clearwire (NASDAQ:CLWR). Sprint claims that Dish’s offer breaks Delaware law and Sprint’s investor agreement

UBS (NYSE:UBS): Current price $18.07 On Tuesday, the United Kingdom’s fraud prosecutor charged the former UBS and Citigroup (NYSE:C) trader Tom Hayes with eight counts of conspiracy to defraud, while it set the groundwork for what might become the first Libor trial. Hayes was arrested by London police and the Serious Fraud Office in December as part of a worldwide inquiry, traversing North America, Europe and Japan, into the manipulation of benchmark interest rates. Thus far, United States. and British regulators have fined three banks, among which include UBS, a total $2.6 billion for their role in the scandal. Are these stocks a buy or sell? Let us help you decide. Check out our Stock Picker Newsletter now. Morgan Stanley (NYSE:MS): Current price $26.32 The Philadelphia-based brokerage Janney Montgomery Scott said Tuesday that it has recruited a team of veteran advisers from Morgan Stanley Wealth Management to join its private client group in Maryland. Advisers Alfred DeRenzis and Scott Ford came to Janney in late May from Morgan Stanley, where they had overseen $159 million in client assets, and had annual revenue output in excess of $1.2 million. DeRenzis has been employed in the advising industry for 32 years, and joined Janney as a senior vice president, while Ford, who is a 26-year industry veteran, joined Janney as a first vice president. The two executives were joined by registered private client assistant Karen Seipp, who is also from Morgan Stanley. Are these stocks a buy or sell? Let us help you decide. Check out our Stock Picker Newsletter now. Goldman Sachs Group (NYSE:GS): Current price $164.15 Goldman Sachs’ former chief of EMEA syndicate and leveraged capital markets Ian Gilday, has assumed a new position as the  head of origination for collateralized loan obligations in the Europe, Middle East and Africa region, said an internal memo obtained by IFR, confirmed by Goldman Sachs, which also indicated that Gilday has relocated to the securities division, working in fixed income currency and commodities credit as part of the move. This is a newly-formed role, and is part of an expected resurgence in CLO activity during the coming months. Are these stocks a buy or sell? Let us help you decide. Check out our Stock Picker Newsletter now. Deutsche Bank (NYSE:DB): Current price $46.36 The German megabank believes that commodity prices are set to remain in “subdued territory for years to come,” following a bull run that nearly quadrupled prices in the past 12 years. Banks ranging from Citigroup to Goldman Sachs have announced an end to the commodities supercycle, as the economy in China, which is the number-one user of raw materials, grows at a slower rate and the country transitions to consumer-driven growth. The Standard & Poor’s GSCI Index of 24 raw materials fell by 2.5 percent in 2013 after almost increasing by a factor of four since 2001. In a Tuesday email report,Deutsche Bank’s economists Taimur Baig and Jun Ma remarked that “Many of the factors and fears that drove the supercycle have dissipated in the last few years. Emerging markets demand is robust but not as insatiable as once thought, especially with China’s appearing to be slowing down. Fear of a global spike in inflation due to exceptionally loose monetary policy has proven to be unfounded.” Are these stocks a buy or sell? Let us help you decide. Check out our Stock Picker Newsletter now. Don’t Miss: Is the Housing Recovery Story Still Building? Read the original article from Wall St. Cheat Sheet

Is Questcor an even better value at $50 per share than it was last September before the short attacks? My answer is: Sure looks like it!Questcor's (QCOR) second quarter earnings report is fast approaching (end of July) and investors are patiently awaiting what we believe may be a pivotal event. First quarter earnings momentarily disappointed investors, and stumped most analysts, with lower than expected results. But, there was no disappointment in the share price. Straight up it went, rising to $42 soon after the earnings report, bobbing around for a couple of months and then last week, ramping past $50 on the stunning, game changing Synacthen drug rights acquisition news.QCOR CEO Don Bailey's Q1 conference call provided the spark for the post-earnings share price up spiral, and a follow up Bank of America presentation locked that initial share price in place. Key takeaways from those events

Improving technology has enabled energy concerns to find and start to develop ultra-deep water energy reserves. Major finds have been found deep off the coast of Brazil, West Africa as well as in the Gulf of Mexico and around the world over the past few years. This bodes well for operators that build the rigs and drillships that can develop these energy resources. Ultra Deep Water Outlook: As can be seen from the charts below, the outlook for ultra-deep water drilling is robust over the next few years. It will be the bulk of the growth of deep water activity for the next couple of years as ultra-deep water reserves have grown substantially over the past several years. (click to enlarge) Company Overview: Ocean Rig UDW (ORIG) is a small (~$2.3B market capitalization), Cyprus based oil services firm with 2 ultra deepwater semisubmersible drilling rigs and 8 ultra deep-water drillships.

After releasing its earnings results on May 23, Sears Holdings Corporation (SHLD) showed investors an initial glimpse of its financial performance under CEO Eddie Lampert during his first quarter in charge of business operations. Needless to say, the results were not pretty, with losses of $2.63 per share on a $279 million net loss for the three-month period that ended on May 4. In the quarter, revenue dropped to $8.5 billion from the year ago $9.3 billion, resulting in a staggering $818 million decrease in year-over-year performance. The dismal results are only the most recent in a long string of disappointing quarterly financial reports for the beleaguered goliath. As one would expect with the release of such earnings results, shares of Sears Holdings took a beating by dropping nearly 20 percent in the wake of the announcement of its first quarter performance. (click to enlarge) Aside from the update

Shares of Adobe Systems (NASDAQ:ADBE) jumped more than 4 percent in late afternoon hours. The company reported better-than-expected earnings for its second quarter. Excluding items, earnings fell to 36 cents per share, compared to 60 cents per share a year earlier. Analysts expected earnings of 33 cents per share. “Our Q2 results reflect our leadership position in Digital Media and Digital Marketing,” said Shantanu Narayen, president and chief executive officer. “Creative Cloud is revolutionizing the creative process, and Adobe Marketing Cloud is quickly becoming the platform of choice for the world’s leading brands, advertising agencies and media companies.” NEW! Discover a new stock idea each week for less than the cost of 1 trade. CLICK HERE for your Weekly Stock Cheat Sheets NOW! Nokia (NYSE:NOK) shares closed 4.6 percent higher on Tuesday and continue to attract attention in late afternoon hours. Daniel Thomas from the Financial Times wrote that the Chinese smartphone and networking supplier Huawei might acquire Nokia, pointing to remarks by its chief of consumer products Richard Yu. The executive said in an interview in London, “We are considering these sorts of acquisitions; maybe the combination has some synergies but depends on the willingness of Nokia. We are open-minded.” NEW! Discover a new stock idea each week for less than the cost of 1 trade. CLICK HERE for your Weekly Stock Cheat Sheets NOW! Shares of Yahoo (NASDAQ:YHOO) edged higher in late afternoon trading, despite information about data requests coming into focus. Yahoo announced that it received 13,000 data requests from U.S. law enforcement agencies, joining a host of other tech companies giving details about the Foreign Intelligence Surveillance Act (FISA) requests they received. Bloomberg reports that in in the six months ending May 31, Yahoo received information requests for help with cases of fraud, homicides, and criminal investigations. Yahoo urged the government to reconsider its use of FISA, and now plans to issue its first global law enforcement transparency report, updated with new statistics every six months. Google (NASDAQ:GOOG) shares closed 1.6 percent higher on Tuesday. NEW! Discover a new stock idea each week for less than the cost of 1 trade. CLICK HERE for your Weekly Stock Cheat Sheets NOW! Apple (NASDAQ:AAPL) shares traded mostly flat on Tuesday. A report via Apple Insider alerted readers that the production of accessories purposed to fit a new low-cost iPhone model has already been undergone by Japan’s MGM Corp. A new case featuring a thicker design and more rounded edges was leaked by Japanese blog, Macotakara. The case still includes space for a rear-facing camera, volume buttons, and a mute switch, and is about 2 millimeters thicker than the case designed for the iPhone 5. NEW! Discover a new stock idea each week for less than the cost of 1 trade. CLICK HERE for your Weekly Stock Cheat Sheets NOW! Don’t Miss: Mobile Devices Are Taking Over Living Rooms Follow Eric on Twitter (@Mr_Eric_WSCS) Read the original article from Wall St. Cheat Sheet

Company Overview Heico Corporation (HEI) is a rapidly growing aerospace and electronics company focused on niche markets and cost-saving solutions for its customers. Heico's products are found in the most demanding applications requiring high-reliability parts and components, such as aircraft, spacecraft, defense equipment, medical equipment and telecommunications systems. Through HEI's Flight Support Group, it is the world's largest provider of commercial, non-OEM, FAA-approved aircraft replacement parts; a significant provider of aircraft accessories component repair and overhaul services for avionic, electro-mechanical, flight surface, hydraulic and pneumatic applications; a leader in niche aircraft parts distribution; and a manufacturer of other critical aircraft parts. Heico's Electronic Technologies Group designs and manufactures mission-critical niche electronic, electro-optical, microwave and other components found in aviation, broadcast, defense, homeland security, medical, space, telecom and other complex equipment used worldwide. Heico's customers include most of the world's airlines, airmotives, satellite manufacturers, defense equipment