Archive for September, 2009
(LOW) Lowe’s Confirms 2009 Earnings Guidance
This morning, Lowe’s Companies Inc. (LOW) backed its fiscal 2009 sales and earnings guidance, provided on August 17. The company maintains its earnings expectations between $1.13 and $1.21 for the fiscal year ending January 29, 2010. Lowe’s expects total sales to decline...
22Sep2009 | vitalstocks | 0 comments | Continued(MDT) Medtronic Launches KYPHON System to Treat Vertebral Compression Fractures
Medtronic, Inc. (MDT) recently launched the KYPHON Cement Delivery System [CDS] in the U.S. on a full-scale basis. The new product is an addition to the company’s extensive KYPHON Balloon Kyphoplasty product portfolio used for the treatment of vertebral compression fractures...
22Sep2009 | vitalstocks | 0 comments | Continued(JPM) 94 Bank Failures So Far in 2009
Regulators shut down 2 more banks in Kentucky and Indiana; tally hits 94 this year U.S. regulators on Friday shuttered two more banks in Kentucky and Indiana as the recession continues to weigh heavily on banks. Both of the failed banks were run by Columbus, Indiana-based Irwin...
22Sep2009 | vitalstocks | 0 comments | Continued(T) Federal Communications Commission Proposes Net Neutrality
Yesterday in a speech, Federal Communications Commission (FCC) Chairman Julius Genachowski has recommended a new rule to apply net neutrality to all telecom and cable service providers. Net neutrality will prohibit internet service providers (ISP), especially the phone and cable...
22Sep2009 | vitalstocks | 0 comments | Continued(IBM) Four Easy Ways to Trade the World’s Top Commodities
by Lee Lowell, Advisory Panelist I’m going to open the door to a “secret society” for you today. It’s a world shrouded in deep myths and folklore that include stories of people losing their homes, or having 5,000 bushels of soybeans dumped on their front lawn. I’m...
22Sep2009 | InvestmentU | 0 comments | Continued(AER) AerCap Holdings to Buy Genesis Lease
After being significantly hurt by the economic downturn, the first wave of deals to stabilize the aircraft leasing industry is now on its way. Dutch aircraft leasing firm AerCap Holdings (AER) said on Friday it would buy Genesis Lease Ltd. (GLS) in an all-stock deal worth $302.6...
22Sep2009 | vitalstocks | 0 comments | Continued(STJ) St. Jude Medical – PressureWire Aeris is a Success
St. Jude Medical Inc. (STJ) announced the first use of its PressureWire Aeris technology, an interventional tool that measures the severity of blood flow blockages in the arteries using the Fractional Flow Reserve [FFR] methodology. This helps interventional cardiologists to...
22Sep2009 | vitalstocks | 0 comments | Continued(TQNT) TriQuint Semiconductor Supplies Huawei
TriQuint Semiconductor (TQNT) announced that it has signed an agreement with Huawei to supply driver amplifiers and related products for new optical transport systems. TriQuint will also work closely with Huawei to develop higher speed and wider bandwidth network solutions with...
22Sep2009 | vitalstocks | 0 comments | Continued(ABT) Abbott Lab’s XIENCE V Presents Positive Data
Yesterday, Abbott (ABT) presented positive long-term data on the XIENCE V Everolimus Eluting Coronary Stent System from the pivotal SPIRIT III study conducted in the U.S. Results showed that clinical advantages associated with the use of XIENCE V continued to increase compared...
22Sep2009 | vitalstocks | 0 comments | Continued(AMGN) Good News for Amgen’s Pipeline
Amgen (AMGN) maintained a strong presence at the 2009 ECCO 15 – ESMO 34 European Multidisciplinary Congress in Berlin, Germany where the company presented data on lead pipeline candidate, denosumab. The company presented solid data on denosumab from a phase III study that...
22Sep2009 | vitalstocks | 0 comments | Continued(T) AT&T Deploys 3G Femtocell Ahead of Others
AT&T (T) became the first US wireless service provider to deploy 3G femtocell base station. The company has already started selling home base station radios in some select domestic markets, thus beating its closest rival Sprint Nextel (S) that was claiming to become the...
22Sep2009 | vitalstocks | 0 comments | Continued(BP) Rich Opportunities for Investors in Today’s Oil Market
Tony Daltorio, Investment U Research Back on Wednesday, September 9, I wrote on how to profit from British Petroleum ADR (NYSE: BP)’s huge discovery in the Gulf of Mexico, and how to profit from peak oil. And while I stand by the profitability of both that find and stock,...
21Sep2009 | InvestmentU | 0 comments | Continued(GE) How Our Nation’s Future Energy Security Can Boost Your Portfolio Now
by Dave Fessler, Advisory Panelist The “Smart Grid.” You may have heard the media toss the term around recently. But ask the next 10 people you meet to tell you something… anything… about it, and I’ll wager that you’ll get deafening silence. The reason? All of...
21Sep2009 | InvestmentU | 0 comments | Continued(CHIP) VeriChip Blasts Off on H1N1 Win
An announcement today regarding the exclusive license granted to controversial chip-implant maker VeriChip (CHIP) for H1N1 detection sent CHIP shares hurtling nearly out of orbit — up 178%, or over $2 per share — to around $3.20 by Monday afternoon. Other news reports...
21Sep2009 | vitalstocks | 0 comments | Continued(GSK) Inhibitex Coverage Initiated at Neutral
We are initiating coverage of Inhibitex (INHX) with a ‘Neutral’ rating and $2 price target. Our neutral rating stems from the very early-stage nature of the company’s pipeline — leading candidate FV-100 is currently in phase II testing — and the potential dilution...
21Sep2009 | vitalstocks | 0 comments | Continued(MOLX) Molex Gains on Raised Q1 Guidance
After raising its fiscal first-quarter revenue and EPS guidance, Molex Inc. (MOLX) is the fifth largest price gainer (percentage) on the S&P 500 today. This global electronic components company saw strong customer orders in all key markets and now expects revenue between...
21Sep2009 | vitalstocks | 0 comments | Continued(FFH) Fairfax Financial Holdings Ups Odyssey Re Offer
Late last Friday, Fairfax Financial Holdings (FFH) announced it had raised its offer to buy the remaining shares of Odyssey Re Holdings (ORH) it did not already own. The new $65 per share offer — a roughly $1 billion deal — marks the exact target price from the recent...
21Sep2009 | vitalstocks | 0 comments | Continued(POT) Potash Corporation Lowers Q3 Guidance
Potash Corp. (POT) shares are down more than 5% on high volume, afternoon trade after the company lowered its 3rd-quarter and full-year earnings guidance Friday after the Bell. Potash said sales volumes continue to lag as distributors are slow to replenish depleted inventories....
21Sep2009 | vitalstocks | 0 comments | Continued(LEN) Lennar Corporation Predicts Profit in 2010
Lennar Corporation (LEN) one of the nation’s largest home builders, predicts a return to profitability in 2010 as it targets the hot market of first time homebuyers and those looking for more bang for their buck. The company reported third-quarter results today which surprised...
21Sep2009 | vitalstocks | 0 comments | Continued(FCX) Leading Economic Indicators Higher
In August, the Conference Board’s Index of Leading Economic Indicators (LEI) rose 0.6%, following gains of 0.9% in July and 0.8% in June. This was slightly below the 0.7% consensus expectation, but on the other hand, the July number was revised up from 0.6%, so the gain was...
21Sep2009 | vitalstocks | 0 comments | Continued(GLD) Gold’s Two-Faced Disappointment
With the price of gold again pulling back from its 18-month highs this morning, we start to see more cracks in the bullish $2000 an ounce gold argument. But that shouldn’t surprise. Gold is a two sided, two-faced coin that has very distinct personalities. On one side, we...
21Sep2009 | InvestmentU | 0 comments | Continued(STRA) Strayer Education, Inc. – Return on Equity Crushes Industry Average
Strayer Education, Inc. (STRA) is seeing more upward revisions of the Zacks Consensus Estimate. Analysts polled by Zacks are calling for full-year earnings of $7.50 per share, up from $7.27 over the past 2 months. In late August, when STRA was previously featured as a Growth...
21Sep2009 | vitalstocks | 0 comments | Continued(AU) AngloGold Ashanti Ltd. – 2010 Estimates Rising
AngloGold Ashanti Ltd. (AU) shares just hit a new 52-week high on the heels of gold crossing the $1,000 mark and the company’s strong second-quarter results, reported in late July. Second-Quarter Results Income came in at $167 million, producing earnings of 47 cents per...
21Sep2009 | vitalstocks | 0 comments | Continued(GPS) The Gap Inc. – Strong Back-to-School Sales
The Gap, Inc. (GPS) shares are up about 15% since being featured as a Zacks Rank Buy in late June. Strong Back-to-School Sales Old Navy sales rose 4% in August, which lead to net sales of $1.12 billion for the month of August. Sales are down slightly, from $1.14 billion, last...
21Sep2009 | vitalstocks | 0 comments | Continued(CAJ) Canon, Inc.- Bear of the Day
We believe the sharp appreciation of the yen is eroding Canon’s (CAJ) revenue and profits. The company expects to improve profitability through product launches and cost-cutting efforts. The company also lowered its revenue forecast but the earnings forecast remained unchanged...
21Sep2009 | vitalstocks | 0 comments | Continued(DBRN) Dress Barn, Inc. – Inched Past Consensus Estimates
Dress Barn, Inc. (DBRN), the specialty clothing retailer, recently surprised on the Zacks Consensus Estimate for the second consecutive quarter as sales jumped 4% in the fiscal-fourth quarter. On Sep 16, the company reported earnings per share of 39 cents, or 3 cents higher,...
21Sep2009 | vitalstocks | 0 comments | Continued(CHL) China Mobile – Bull of the Day
China Mobile (CHL), the largest wireless carrier in the world, continues to deliver healthy operating results as evidenced by strong subscriber accretion in 2008. As we approach the 3rd and 4th quarters of 2009, our opinion remains firm that the new competitive entities will...
21Sep2009 | vitalstocks | 0 comments | Continued(ARNA) Arena Pharmaceuticals’ Lorcaserin Has Safety Edge
Results from Arena Pharmaceuticals’ (ARNA) phase III BLOSSOM study are strikingly similar to the BLOOM study, with mean total weight loss for the 10mg lorcaserin BID group coming in at 17.0 lbs in BLOSSOM vs. 17.9 lbs in BLOOM. These equated to 7.9% and 8.2% mean absolute...
21Sep2009 | vitalstocks | 0 comments | Continued(HPQ) Dell Pays $3.9B for Perot Systems
Commonly seen as a move countering rival Hewlett Packard’s (HPQ) acquisition of EDS back in May, this morning Dell, Inc. (DELL) announced it will buy Perot Systems (PER) for $3.9 billion — $30 per share of Class A common stock. Perot Systems was founded by former...
21Sep2009 | vitalstocks | 0 comments | Continued(DDR) Developers Diversified – Bear of the Day
Developers Diversified (DDR) has a relatively high leverage compared to its peers due to acquisitions over the past several years. Developers Diversified is raising cash through asset sales, debt, and by selling 30 million shares and additional warrants to the Otto family, a...
18Sep2009 | vitalstocks | 0 comments | Continued