Archive for September, 2009
(BRCM) Broadcom Corporation Sues Emulex for Patent Infringement
Broadcom Corporation (BRCM) yesterday announced that it put forth litigation charges against Emulex Corporation (ELX) for infringement of Broadcom patents related to networking and communications technologies. California based Broadcom Corporation is a leading chipmaker of products...
16Sep2009 | vitalstocks | 0 comments | Continued(FGP) Ferrellgas Partners Raises Fund
Kansas-based Ferrellgas Partners (FGP), a leading distributor of propane in the U.S., has recently raised nearly $288.6 million by placing 9.125% Senior Notes due in 2017 to selected private investors. It will utilize the raised fund to prepay some of its outstanding debts due...
16Sep2009 | vitalstocks | 0 comments | Continued(PLL) Pall Corporation Beats Estimates
Pall Corporation (PLL) reported fourth quarter 2009 revenues of $652 million and net earnings of $69.5 million. Earnings per share were 58 cents, ahead of the Zacks Consensus Estimates of 52 cents. Life Sciences sales grew 5.2% year over year in the quarter and 3% for the year....
16Sep2009 | vitalstocks | 0 comments | Continued(COP) ConocoPhillips Expands Australian Drilling
ConocoPhillips (COP) is buoyant with the discovery in the Browse basin, offshore Western Australia. The recent gas discovery from Poseidon-1 well in this basin has the potential to significantly move forward natural gas production volumes of the company. Conoco’s Australian...
16Sep2009 | vitalstocks | 0 comments | Continued($BBY) Best Buy Misses Consensus Estimate
Best Buy Company Inc. (BBY) recently reported second quarter 2010 results, which included double-digit growth in the top-line, but a surprise double-digit drop in the bottom-line. Best Buy’s quarterly earnings of 37 cents per share missed the Zacks Consensus Estimate of...
16Sep2009 | vitalstocks | 0 comments | Continued(JOYG) Joy Global Seen To Outperform
Wisconsin-based Joy Global (JOYG) manufactures surface and underground mining equipment for extraction of coal, copper, iron ore, oil sands, gold and other mineral resources. It also offers a wide range of value-additive aftermarket services aimed at enhancing reliability and...
16Sep2009 | vitalstocks | 0 comments | Continued(VLO) Valero Energy Corporation Partners With Darling International Inc for Renewable Diesel
Valero Energy Corporation (VLO) joins hands with Darling International Inc. (DAR) for a joint venture, which will build a facility for renewable diesel. The facility would be adjacent to Valero’s St. Charles refinery near Norco, Louisiana, and will be capable of producing over...
16Sep2009 | vitalstocks | 0 comments | Continued(SSL) Sasol Beats Consensus But Guides Lower
Yesterday, Sasol Ltd. (SSL) reported better-than-expected results for the fiscal year ended June 30, 2009, aided by robust performance from the company’s energy businesses, partly offset by weak chemical operations. The South Africa-based petrochemicals group reported headline...
16Sep2009 | vitalstocks | 0 comments | Continued(ECL) Ecolab Expands Chinese Footprint
Ecolab Inc. (ECL) developer and marketer of products and services for the hospitality, foodservice, healthcare, and light industrial markets announced plans of expanding presence in China. The company intends to make incremental investments of $30 million in China which will...
16Sep2009 | vitalstocks | 0 comments | Continued(WFSL) Washington Federal Offers $300 mln Shares
Washington Federal Inc. (WFSL) initiated an underwritten public offering of $300 million of its common stock on Monday. The company plans to use proceeds from the offering for general corporate purposes Incorporatedluding capital to support growth and acquisition opportunities....
16Sep2009 | vitalstocks | 0 comments | Continued(DIS) Walt Disney Expands Fantasyland
The Walt Disney Co. (DIS), one of the largest entertainment companies in the world, plans the biggest ever expansion of its Fantasyland at Florida in 2010. The expansion is based on the popularity of the Disney Princess and Fairies franchises that have generated $4 billion in...
16Sep2009 | vitalstocks | 0 comments | Continued(HPQ) Hewlett Packard Works to Improve Notebooks
After revamping its printing segment by offering new products, technology and a strategic partnership with Toshiba for selling its laser jet printers, Hewlett Packard Co. (HPQ) has now taken up the task of enhancing its notebook product line. The company has come up with new...
16Sep2009 | vitalstocks | 0 comments | Continued($SNPS) Synopsys Helps Taiwan Semiconductor Manufacturing Company
Synopsys Inc. (SNPS) recently announced the addition of a new major customer, Taiwan Semiconductor Manufacturing Co. Ltd. (TSM). The latter has adopted Synopsys’ HSIM hierarchical FastSPICE circuit simulator for its sub-40-nanometer, memory intellectual property characterization...
16Sep2009 | vitalstocks | 0 comments | Continued(THC) Tenet Healthcare Corporation Beats Earnings Third Quarter in a Row
Tenet Healthcare Corp (THC) continues to release excellent news, driving shares higher. Company Description Tenet owns and operates hospitals, health care facilities, and invests in other health care companies. The company’s rehab hospitals, specialty hospitals, and long-term...
16Sep2009 | vitalstocks | 0 comments | Continued(LINC) Lincoln Educational Services Corporation Reports Two Record Quarters in a Row
Lincoln Educational Services Corporation (LINC) reported two record quarters in a row and raised guidance as its student population swelled. It has surprised on estimates 4 quarters in a row by an average of 125.28%. LINC is trading with a PEG ratio of just 0.90. Company Description Lincoln...
16Sep2009 | vitalstocks | 0 comments | Continued(BAX) Top Health Equity Funds – Mutual Fund Commentary
Today we are featuring top-performing “Health” equity mutual funds, which primarily invest in equity securities of healthcare and related companies. Investors can find such funds by checking out the entire list of the Zacks #1 Rank Health Equity Funds. 3 Robust Samples Fidelity...
16Sep2009 | vitalstocks | 0 comments | Continued(TUP) Tupperware Brands Sees Bullish Projections
Tupperware Brands Corporation (TUP) recently declared a quarterly dividend of 22 cents per share, which translates into an industry-leading yield of 2%. The industry average stands at 0.66%. TUP stacks up well against the market, beating the major averages by more than 20% since...
16Sep2009 | vitalstocks | 0 comments | Continued(ELN) Elan Redesigns Johnson & Johnson Deal to Satisfy Biogen
We believe the dispute between Elan Corp. (ELN) and its US partner Biogen Idec (BIIB) over multiple-sclerosis drug Tysabri has been resolved at last. The row started when Elan signed a deal with Johnson & Johnson (JNJ) last July. But now, the two companies have amended this...
16Sep2009 | vitalstocks | 0 comments | Continued(DTV) DIRECTV Holdings Announces Note-Buyback
On September 14, 2009, DIRECTV Holdings, a wholly owned subsidiary of the DIRECTV Group Inc. (DTV) announced the commencement of its cash tender offer. The company plans to purchase all or part of its outstanding 8.375% senior notes of $910 million due 2013. The offer will expire...
16Sep2009 | vitalstocks | 0 comments | Continued(JNJ) Producer Price Index for August Rises on Energy
The producer price index for August came in at a much higher-than-expected 1.7% increase for the month, following a 0.9% decline in July and a 1.8% increase in June. The consensus expectation was for a rise of just 0.8%. However, it was almost all because of higher energy costs....
16Sep2009 | vitalstocks | 0 comments | Continued(TCK) Teck Resources Limited – Miner’s Estimates Tick Higher
Teck Resources Ltd. (TCK) is paying down and restructuring its short-term debt while posting solid revenue production. Company Description Teck Resources Ltd. operates as a diversified mining, mineral processing and metallurgical company. It owns or has interest in 15 operating...
16Sep2009 | vitalstocks | 0 comments | Continued(BBY) Retail Recovery?
Retail sales rose a stronger-than-expected 2.7% in August. The consensus expectation was for a rise of 1.9%. Most of the gain was due to the Cash for Clunkers program, which led to a 10.6% rise in sales at auto dealers. However, even stripping out autos it was a stronger-than-expected...
16Sep2009 | vitalstocks | 0 comments | Continued(SXL) Sunoco Logistics Partners LP Acquires Pipeline
Late last week, Sunoco Logistics Partners LP (SXL) reported that it has closed the acquisition of Excel Pipeline LLC, which owns the 52-mile Excel crude oil pipeline running from Duncan to a refinery in Wynnewood, both in Oklahoma. Sunoco Logistics purchased Excel from affiliates...
16Sep2009 | vitalstocks | 0 comments | Continued(HD) Home Depot Gets Martha Stewart’s Touch
Home Depot Inc. (HD) recently signed a deal with diversified media and merchandising company Martha Stewart Living Omnimedia Inc. (MSO) to create a new line of home improvement products. The strategic move is aimed at outsmarting rival specialty retailers like Lowe Co.s Inc....
16Sep2009 | vitalstocks | 0 comments | Continued(SLXP) Salix Pharmaceuticals Scores on Rifaximin Data
Shares of Salix Pharmaceuticals (SLXP) jumped 51% yesterday after the company announced positive results from two pivotal phase III trials of rifaximin for the treatment of non-constipation irritable bowel syndrome (IBS). Two randomized, double-blind, placebo-controlled, multicenter...
16Sep2009 | vitalstocks | 0 comments | Continued(ZION) Zions Bancorporation – Bear of the Day
Given the high competitive pressures in the banking industry, we expect continuous deposit pricing pressures as well as growth in higher cost funding accounts to weigh on Zions Bancorporation’s (ZION) net interest margins (NIM), creating headwinds on the revenue front. Loan...
16Sep2009 | vitalstocks | 0 comments | Continued(JOYG) Joy Global – Bull of the Day
We are confident about the long-term fundamentals of the mining industry, which is further supported by a sustainable secular shift in commodity demand in the emerging economies. This will provide Joy Global (JOYG) substantial growth potential once the global economy emerges...
16Sep2009 | vitalstocks | 0 comments | ContinuedTop Matthews International Funds – Mutual Fund Education
Matthews Pacific Tiger (MAPTX) was incepted in September 1994. The investment seeks long-term capital appreciation. The fund primarily invests its total net assets in common and preferred stocks of companies located in Asia excluding Japan. As of March 31, its portfolio turnover...
16Sep2009 | vitalstocks | 0 comments | ContinuedGoldman’s seven big questions about the economy
A recent Global Economics Weekly report from Jim O’Neil and the team at Goldman Sachs Global Economics highlights the answers to seven key questions that, according to them, should provide an indication of whether the improvement in the global economy and performance of world...
16Sep2009 | prieur | 0 comments | Continued(ADBE) Adobe Systems Reports Stronger Quarter
Adobe Systems’ (ADBE) earnings for the third quarter of fiscal year 2009 ended August 2009 beat consensus estimates by 2 cents. Revenue beat by 1.7%. Revenue Total revenue was $697.5 million, down 1.0% sequentially and 21.4% year over year. Revenue was within management’s...
16Sep2009 | vitalstocks | 0 comments | Continued