Archive for September, 2009
(PAA) Plains All American Pipeline Buys Stake in PAA Natural Gas Storage
Plains All American Pipeline (PAA) recently agreed to acquire a 50% stake in PAA Natural Gas Storage (PNGS) from Vulcan Capital for $220 million. The deal will bring Plains total control over its natural gas storage business and related operating entities. The transaction comprises...
1Sep2009 | vitalstocks | 0 comments | ContinuedChinese Shanghai Index Has Had Four Consecutive Down-Weeks
As mentioned in yesterday’s edition of “Words from the Wise“, the Chinese Shanghai Composite Index has now recorded four consecutive down-weeks. The Index witnessed another massive sell-off this morning, declining by a further 6.7% to take its total loss since the peak...
1Sep2009 | prieur | 0 comments | Continued(DIS) Another Marvelous Move at Disney
Yesterday The Walt Disney Co (NYSE: DIS) took a nosedive of almost 3% on the news that they were going to purchase Marvel for $4 billion. Analysts believed that Disney had overpaid for the company – one just downgraded by JPM. After all, when they picked up Pixar they paid...
1Sep2009 | InvestmentU | 0 comments | Continued(DOW) How to Supersize Your Profit Potential From 60% to 190%
by Karim Rahemtulla, Advisory Panelist Investing in options means speculating, right? A hit-and-miss approach to the market? Sadly, that’s what some options naysayers would like you to believe – and if you do, let me set the record straight… Investing in anything carries...
1Sep2009 | InvestmentU | 0 comments | Continued(GOOG) Top Growth Equity Funds – Mutual Fund Commentary
Today we are featuring top-performing “Growth” equity mutual funds, which primarily invest in equity securities of companies in search of long-term growth. Investors can find such funds by checking out the entire list of the Zacks #1 Rank Growth Equity Funds. 3 Budding...
1Sep2009 | vitalstocks | 0 comments | Continued(WW) Watson Wyatt Worldwide – 14th Consecutive Earnings Beat
Watson Wyatt Worldwide, Inc. (WW) expects to merge with Towers Perrin in fiscal 2010 which will increase its global reach. The company recently surprised on fourth quarter results continuing its tremendous history of 14 beats in a row. Company Description Watson Wyatt Worldwide...
1Sep2009 | vitalstocks | 0 comments | Continued(APOL) Apollo Group, Inc – Gains Students as Unemployment Soars
Apollo Group, Inc. (APOL) estimates continue to soar while unemployment soars, sending people back to class. Company Description Apollo Group, Inc. has been providing higher education to working adults for over 25 years. They operate through their subsidiaries, the University...
1Sep2009 | vitalstocks | 0 comments | Continued($VZ) Betting on a Mammoth Move for Verizon Communications
In last week’s edition of Trading Tools, tween titan Aeropostale, Inc. (ARO) was analyzed after the Zacks Unusually High Option Volume screener revealed a strangle on the retailer. Employing the same filter for today’s column, a different security caught my eye: wireless...
1Sep2009 | vitalstocks | 0 comments | Continued(LANC) Lancaster Colony Corporation – Higher Zacks Consensus Estimates
Lancaster Colony Corporation (LANC) recently announced fiscal fourth-quarter earnings of $1.01 per share, coming in well ahead of the previous year’s 37 cents and exceeding the Zacks Consensus Estimate by 33%. Lancaster also recently declared a quarterly dividend 28.5 cents...
1Sep2009 | vitalstocks | 0 comments | Continued(AN) Autonation, Inc. – Closes in on All-Time Record High Price
Autonation, Inc. (AN) has been on a big-time rally for the last 9 months, recently topping off above $21 and moving within striking distance of the all-time high. Company Description Autonation, Inc., through its subsidiaries, operates as an automotive retailer in the United...
1Sep2009 | vitalstocks | 0 comments | Continued(MVL) Marvel Bought by Disney and Stock Runs
Marvel Entertainment, Inc. (MVL) shares rallied after the news of its acquisition by Walt Disney Company (DIS) hit the market. The shares of Marvel jumped to close at $48.37 on August 31, 2009 — up nearly 25.2% from the previous day’s close. Walt Disney would acquire...
1Sep2009 | vitalstocks | 0 comments | Continued($BAC) Bank of America Plans to Repay Part of its TARP Loan
Bank of America Corporation (BAC) intends to pay back some of the bailout money it has received from the government in its participation of the Troubled Asset Relief Program (TARP). The government is also pushing the bank to pay at least $500 million to conclude a tentative pact...
1Sep2009 | vitalstocks | 0 comments | Continued(GOOG) Google Browser Ships in Sony Computers
Google (GOOG) recently struck a deal with Sony Corp. (SNE), according to which the latter will ship the Chrome browser pre-installed on some of its PC models. The financial or other details of the transaction were not disclosed. A Google spokesperson said that the deal was...
1Sep2009 | vitalstocks | 0 comments | Continued(V) Visa Completes Legal Settlement by Prepaying US Merchants
Visa Inc. (V) on Monday said it would prepay $682 million to complete a major legal settlement with US merchants in order to get a discount of more than $100 million. The company will make the transaction either on Sept. 30 or the business day after the court order, whichever...
1Sep2009 | vitalstocks | 0 comments | Continued(TM) GM Expects 15% Sales Rise in 2010
General Motors (hereafter GM) has revealed that it anticipates its U.S. sales to surge 15% from 2009 to 2010. The expectation has certainly been boosted by the company’s performance in the Cash for Clunkers program. The program, launched by the U.S. Government in late July,...
1Sep2009 | vitalstocks | 0 comments | Continued(SINA) SINA Corporation Beats, Outlook Disappoints
Guidance Overview SINA Corporation’s (SINA) third quarter revenue guidance of $91.0 – $94.0 million was below the Zacks Consensus Estimate of $97.0 million. The shares fell 1.12% and closed at $30 yesterday when the company’s lower third quarter 2009 outlook disappointed...
1Sep2009 | vitalstocks | 0 comments | Continued(MRK) Merck Announces New Management Structure for Schering-Plough Merger
With the merger of Merck (MRK) and Schering-Plough (SGP) scheduled to be completed by the fourth quarter this year, Merck is busy with the necessary groundwork. Yesterday, the company announced the new management structure post merger. The current chairman, president and CEO...
1Sep2009 | vitalstocks | 0 comments | Continued