Archive for September, 2009
($JPM) Will the Federal Deposit Insurance Corporation Borrow From Banks?
About a year ago, during the height of the crisis, the government started bailing out the banks to help revive deteriorating credit and lending markets, but the situation is going to be reversed as the regulators are considering asking healthy banks to bail out the government...
23Sep2009 | vitalstocks | 0 comments | Continued(WMGI) Wright Medical Group in Expansion Mode
Yesterday, Wright Medical Group Inc. (WMGI) announced the launch of its direct Australian subsidiary subsidiary, Wright Medical Australia Pty, Ltd. The Australian Branch will manage the company’s extremity and biologics distribution for customers in Australia and New Zealand...
23Sep2009 | vitalstocks | 0 comments | Continued(TYC) Tyco International Lands Australian Project
A unit of Tyco International Ltd.’s (TYC) Tyco Flow Control was recently selected to support the construction of Australia’s largest desalination project in one of the largest public-private partnerships for infrastructure in the world. The desalination plant in Victoria...
23Sep2009 | vitalstocks | 0 comments | Continued(ARRS) Arris Group is on a Buying Spree
Arris Group Inc. (ARRS) has decided to acquire the privately held Digeo Inc. Incorporatedluding its intellectual property portfolio, for a total consideration of approximately $20 million in cash. Digeo is a pure-play interactive television (iTV) that has diversified its operations...
23Sep2009 | vitalstocks | 0 comments | Continued(DV) DeVry Inc. – Rising Estimates and Strong Fundamentals
DeVry Inc. (DV) announced record results in mid-August. Fourth-quarter earnings per share of 55 cents topped the Zacks Consensus Estimate by 8% and surpassed the year-prior result. Revenues of $396.2 million came in 43% ahead of last year’s total. Company Description DeVry...
22Sep2009 | vitalstocks | 0 comments | Continued(CDNS) Cadence Design Systems – Bear of the Day
Cadence Design Systems (CDNS) reported weak results for the second quarter, and blamed the shortfall on softness in EDA spending. We expect that a turnaround is going to take time due to mounting financial problems leading to a lackluster growth. Third quarter and 2009 guidance...
22Sep2009 | vitalstocks | 0 comments | Continued(TECD) Tech Data Corporation – Surprised Consensus Estimates by 55.56%
Tech Data Corporation (TECD) beat Wall Street estimates for the third straight quarter in August and sees IT spending stabilizing in the Americas in the upcoming quarter. TECD trades at 14.9x forward earnings. Company Description Tech Data distributes technology products for...
22Sep2009 | vitalstocks | 0 comments | Continued(KO) Coca-Cola’s Secret Ingredient To Success Revealed
Tony Daltorio, Investment U Research Today, let’s talk about a company that has: The most widely recognized brand name in the world. A 10% share of the entire global market for non-alcoholic beverages. A monopoly on the very definition of a multinational corporation. If you...
22Sep2009 | InvestmentU | 0 comments | Continued(PFE) Increasing Alzheimer’s Patients Spell Drug Profits
Some disturbing figures rolled out yesterday concerning growth rates of Alzheimer’s patients. The number of people affected grew 10% in the past four years and is expected to grow to over 115 million by 2050. That’s a doubling of cases every 20 years. The number is expected...
22Sep2009 | InvestmentU | 0 comments | Continued(GS) Goldman Sachs – Bull of the Day
We are initiating coverage on Goldman Sachs (GS) with an Outperform recommendation. The company reported strong second-quarter results, significantly ahead of the Zacks Consensus Estimate, led by strong topline growth in all its key businesses. Goldman’s well-diversified...
22Sep2009 | vitalstocks | 0 comments | Continued(HSP) Hospira Inc. – Growing Sales of Pharmaceutical Delivery Systems
Hospira Inc (HSP) shares are being driven by growing sales and continue to pressure the newly-set 52-week high. Company Description Hospira makes pharmaceutical delivery systems, primarily injectable. The company provides products and systems to hospitals, wholesalers, delivery...
22Sep2009 | vitalstocks | 0 comments | Continued($DIS) Disney Company Possibly in Marvel Entertainment Copyright Battle
According to reports, Walt Disney Company (DIS) could face a copyright battle for Marvel characters having recently agreed to acquire Marvel Entertainment (MVL) in a cash and stock deal worth approximately $4 billion. The children of late artist Jack Kirby, represented by the...
22Sep2009 | vitalstocks | 0 comments | Continued(TGT) Target Corporation Offers Flu Vaccinations
Target Corporation (TGT) recently announced that with effect from October 2009, flu vaccinations would be readily available at over 1,500 Target Pharmacy locations nationwide. The vaccination program will begin on Oct 3, 2009, and run through Nov 7, 2009. The cost of flu vaccines...
22Sep2009 | vitalstocks | 0 comments | Continued(OCLR) Oclaro Raises Revenue Guidance
Oclaro, Inc. (OCLR) recently raised its guidance for the first quarter. The company now expects revenues between $82 million and $87 million, compared to the previous guidance of revenues between $75 million and $84 million. Oclaro, Inc. was formed in April 2009 combining Bookham,...
22Sep2009 | vitalstocks | 0 comments | Continued(CAG) ConAgra Foods Beats Consensus Earnings Estimates
Today before the market opened, ConAgra Foods, Inc. (CAG) reported encouraging results for the first quarter FY2010 ended August 30, 2009. Earnings excluding one-time items were 38 cents per share, compared to 27 cents in the year-ago quarter. It was the above Zacks Consensus...
22Sep2009 | vitalstocks | 0 comments | Continued(FNM) Fed Staying on Hold, Housing Up
Tomorrow afternoon all eyes will be on the Federal Reserve, which is currently holding one of its every-six-weeks get togethers. I and probably the rest of the world expect no change in the Fed Funds rate. It is currently near zero, so there is no room for further cuts, and it...
22Sep2009 | vitalstocks | 0 comments | Continued(FDS) FactSet Research Exceeds Expectations
FactSet Research (FDS) reported revenue for the quarter of $155.5 million. This exceeded the Zacks Consensus Estimate of $154.0 million. On a fully diluted basis, EPS for the quarter was 74 cents, inline with the Zacks Consensus Estimate of 73 cents. Revenue for the quarter increased...
22Sep2009 | vitalstocks | 0 comments | Continued(PLD) ProLogis Releases Industry Report
ProLogis (PLD), one of the leading global providers of distribution facilities, has recently released a report on the industrial property markets in the U.S. and Canada. The research report is based on inputs from varied sources Incorporatedluding ProLogis’ in-depth market...
22Sep2009 | vitalstocks | 0 comments | Continued(MAC) The Macerich Company Pays off Term Notes
The Macerich Company (MAC), a leading real estate investment trust (REIT), has recently paid off $446 million term notes that were scheduled to mature in 2010 by utilizing operating cash and proceeds from asset sales. Macerich utilized the proceeds from joint venture asset sales...
22Sep2009 | vitalstocks | 0 comments | Continued(KMX) CarMax’s Profits Shoot Up
CarMax (KMX) witnessed a net income of $103 million or 46 cents per share in the second quarter of fiscal 2010 ended August 31, 2009. This was a staggering rise from the Zacks Consensus Estimate of 18 cents per share and $14 million or 6 cents per share reported in the second...
22Sep2009 | vitalstocks | 0 comments | Continued(TTEK) Tetra Tech Gets Government Orders
Tetra Tech Inc. (TTEK) recently won a $25 million contract for providing technical support to several programs run by the US Environmental Protection Agency in the Pacific Southwest Region Water Division. During the five-year term of the agreement, Tetra Tech will support pollution...
22Sep2009 | vitalstocks | 0 comments | Continued(AGNC) American Capital Agency Corp. – Estimates Rising Strong
American Capital Agency Corp. (AGNC) is posting big gains in its share price while paying a hefty quarterly dividend. Company Description American Capital Agency Corp. operates as a real estate investment trust that invests in pass through securities and collateralized mortgage...
22Sep2009 | vitalstocks | 0 comments | Continued(ADBE) Adobe Shows Off New Flash Distribution Service
Yesterday, Adobe (ADBE) launched its new Flash Distribution Service Platform at the IAB MIXX Conference and Expo. The Flash Distribution Service is hosted, managed and maintained by Adobe and its partners on a pay-per-use basis. The platform consists of a number of facilities...
22Sep2009 | vitalstocks | 0 comments | Continued(APD) Air Products and Chemicals Bags Samsung Engineering Contract
Air Products and Chemicals Inc. (APD) strengthened its industrial gases business by tying up with Korean engineering giant Samsung Engineering Co. Ltd. to supply an air separation unit to National Industrial Gases Co. (NIGC), a subsidiary of Saudi Basic Industries Corp. The...
22Sep2009 | vitalstocks | 0 comments | Continued(PX) Praxair Deploys NCOOL Heat Exchanger System
Yesterday, Praxair Inc.’s (PX) Chinese subsidiary installed its NCOOL cryogenic heat exchanger system at a Shanghai Pharmaceutical (Group) Ltd. unit. It employs Praxair’s patented NCOOL cryogenic heat exchanger system in a pharmaceutical freeze dryer. Praxair’s highly efficient...
22Sep2009 | vitalstocks | 0 comments | Continued($UTX) United Technologies’ Pratt & Whitney Cuts Jobs
Jet engine maker Pratt & Whitney said it plans to eliminate 1,000 jobs in Connecticut by 2011, transferring engine repair work to the Southeastern state of Georgia and Asia in a cost-cutting initiative. This subsidiary of United Technologies Corp. (UTX) will close down its...
22Sep2009 | vitalstocks | 0 comments | Continued(POT) Potash Corporation of Saskatchewan Slashes Guidance
Potash Corp. of Saskatchewan Inc. (POT) recently guided to earnings in the range of $3.25 to $3.75 per share in 2009, down from its July view of $4.00 to $5.00. The Zacks Consensus Estimate is pegged at $4.39. The company attributed the downward revision in guidance to lower...
22Sep2009 | vitalstocks | 0 comments | Continued(WYNN) Wynn Plans Initial Public Offering for Macau Unit
Wynn Resorts (WYNN) is planning to raise up to $1.6 billion in its Hong Kong initial public offering (IPO) for its Macau unit, which represents an increase from $1.0 billion as previously intended. Wynn intends to offer 1.25 billion shares, representing 25% of the equity in...
22Sep2009 | vitalstocks | 0 comments | Continued(CFSG) China Fire & Security Group Raised to Outperform
China Fire & Security Group (CFSG) is a leading provider of industrial fire protection systems. The company’s China-based rivals tend to focus on low-end and technically less sophisticated products which are low-grade and unsuitable for large projects. The market for the...
22Sep2009 | vitalstocks | 0 comments | Continued(AZN) AstraZeneca Signs Licensing Deal With Nektar Therapeutics
Yesterday, AstraZeneca (AZN) entered into a licensing deal with Nektar Therapeutics (NKTR) for two of its pipeline candidates, NKTR-118 and NKTR-119. With the former having completed a phase II trial for the treatment of opioid-induced constipation, the latter, in early stage...
22Sep2009 | vitalstocks | 0 comments | Continued