Archive for October, 2009
(ETFC) E*Trade Financial: Why This Company’s Takeover Prospects Keep Improving
by Louis Basenese, Small Cap and Special Situations Expert Thursday, October 29, 2009: Issue #1126 Just over a month ago, I pegged E*Trade Financial (Nasdaq: ETFC) as a takeover target. However, after reviewing the company’s most recent results, you might consider my prediction...
29Oct2009 | InvestmentU | 0 comments | Continued(ISIL) Intersil Corporation – Bull of the Day
Intersil Corporation (ISIL) is an OEM of analog and mixed signal semiconductor ICs. September quarter results beat consensus estimates on both the top and bottom lines. Forward guidance is for 3% revenue growth in the fourth quarter. We expect an unfavorable mix of business through...
29Oct2009 | vitalstocks | 0 comments | Continued(CLI) Mack-Cali Realty – Bear of the Day
Mack-Cali (CLI) is a vertically integrated office REIT with assets in some very competitive markets which are getting worse in conjunction with the overall U.S. economy. Mack-Cali will have a difficult time holding occupancy and increasing rents due to the continued volatility...
29Oct2009 | vitalstocks | 0 comments | Continued(DTE) DTE Energy – Earnings Surprised by 240% in the Second Quarter
DTE Energy (DTE) has surprised on estimates 3 out of the last 4 quarters by an average of 77.06%. The company recently raised 2009 earnings guidance. DTE Energy is trading with a forward P/E of 11.5. Company Description DTE Energy is an energy company that serves customers in...
29Oct2009 | vitalstocks | 0 comments | Continued(PG) Procter & Gamble Reports In Line Earnings Results
The Procter & Gamble Company (PG) reported results for the first quarter of fiscal 2010 with earnings of 97 cents per share, in line with the Zacks Consensus Estimate but down 5.8% year-over-year. Net sales for the quarter declined 5.6% year-over-year to $19.8 billion, as...
29Oct2009 | vitalstocks | 0 comments | Continued(PCAR) Paccar Tumbles on Weak Growth
Paccar Inc. (PCAR) reported third quarter net income of $13.0 million or 4 cents per share, compared to a net income of $299 million or 82 cents per share in the prior-year quarter. Results were substantially short of the Zacks Consensus Estimate of 2 cents due to the continued...
29Oct2009 | vitalstocks | 0 comments | Continued(HES) Hess Reports Ahead of Forecasts, Volumes Up
Hess Corp. (HES) reported third-quarter earnings of 74 cents per diluted share, easily beating the Zacks Consensus Estimate of 54 cents. However, the result was much lower than the year-ago earnings of $2.37. Before adjusting for one-time items, the company posted earnings per...
29Oct2009 | vitalstocks | 0 comments | Continued(MOT) Motorola Shows Signs of Revival
Motorola Inc. (MOT) today declared financial results for the third quarter 2009. Quarterly net income from continuing operations was $12 million or 1 cent per share, compared to a net loss of $397 million or 18 cents per share in the prior quarter. Third quarter adjusted (excluding...
29Oct2009 | vitalstocks | 0 comments | Continued(AET) Aetna Surpasses Consensus – Outlook Cautious
Aetna Inc. (AET) reported third quarter earnings per share of 69 cents, beating the Zacks Consensus Estimate of 66 cents. However, earnings declined 38% compared to $1.12 reported in the prior-year period due to a lower commercial underwriting margin, an increase in pension expenses...
29Oct2009 | vitalstocks | 0 comments | Continued(K) Kellogg Exceeds Estimates – Raises Forward Guidance
Kellogg Company (K) reported strong third-quarter results with earnings of 94 cents per share. Earnings were well above the Zacks Consensus Estimate of 83 cents and up 4.4% year over year, despite ongoing cost pressures and the challenging economic environment. Quarterly net...
29Oct2009 | vitalstocks | 0 comments | Continued(GOK) Geokinetics Inc – Revenue Up 28% – Bullish Consensus Raise
Geokinetics (GOK) is looking to beat analyst expectations once again when it reports next week. Estimates are rising and shares are doing fantastic. Company Description Geokinetics provides seismic data and related services to oil and gas companies. The company has a strong...
29Oct2009 | vitalstocks | 0 comments | Continued($XOM) Exxon Misses Estimates – Production Volumes are Up
ExxonMobil Corporation (XOM) reported third quarter 2009 earnings of 98 cents per share, below the Zacks Consensus Estimate of $1.04 and year-earlier earnings of $2.58. Though the earnings came in below expectations, the company maintained its quarterly dividend of 42 cents per...
29Oct2009 | vitalstocks | 0 comments | Continued(LRCX) Lam Research Corporation – Bullish 102% Growth Projection
Lam Research Corp. (LRCX) recently reported better than expected third-quarter results that saw the company swing back into profitability after a couple tough quarters due to the volatile economy. Company Description Lam Research Corp. designs and manufactures semiconductor processing...
29Oct2009 | vitalstocks | 0 comments | Continued(ARRS) Arris Group Meets Earnings Expectations
Arris Group Inc. (ARRS) recently declared third quarter 2009 financial results. Quarterly total revenue of $275.8 million was down approximately 7.3% year-over-year and down 1% sequentially. However, it was better than the Zacks Consensus Estimate of $274 million. The decline...
28Oct2009 | vitalstocks | 0 comments | Continued(RNR) RenaissanceRe Holdings’ Earnings Report Outperforms
RenaissanceRe Holdings Ltd.’s (RNR) third-quarter operating earnings of $3.85 per share were substantially ahead of the Zacks Consensus Estimate of $1.04. This also compares much favorably with an operating loss of $2.35 per share in the year-ago quarter. Net income available...
28Oct2009 | vitalstocks | 0 comments | Continued(HGSI) Human Genome Sciences Drug Under FDA Review
Recently, Human Genome Sciences Inc. (HGSI) suffered a setback when the US Food and Drug Administration (FDA) questioned the efficacy of its drug ABthrax (raxibacumab), meant for treating anthrax infection. The FDA accepted that the medication was more effective than a placebo...
28Oct2009 | vitalstocks | 0 comments | Continued(SMA) Symmetry Medical Lowers Outlook
Symmetry Medical Inc. (SMA) has lowered its revenues and earnings per share guidance for the full fiscal 2009. Revenues are now expected in the range of $355 to $365 million, lower than its previous guidance of $385 to $405 million. Earnings per share are estimated in the range...
28Oct2009 | vitalstocks | 0 comments | Continued(CCE) Coca Cola Enterprises Beats the Consensus and Raises Expectations
Coca Cola Enterprises (CCE) reported its second consecutive quarter of strong results, with earnings of 51 cents per share. Earnings were 5 cents above the Zacks Consensus Estimate of 46 cents, driven by the benefits of price and package initiatives in North America, volume and...
28Oct2009 | vitalstocks | 0 comments | Continued(DV) DeVry Reports a Strong 1st Quarter
DeVry Inc. (DV) reported strong results for the first quarter of fiscal 2010 with earnings of 76 cents per share. Earnings were below the Zacks Consensus Estimate of 78 cents, but up 58.3% year-over year. Revenues for the quarter increased 41.9% year-over-year to $431.1 million,...
28Oct2009 | vitalstocks | 0 comments | Continued(SGMS) Scientific Games Corporation’s Stock Takes Hits
Shares of Scientific Games Corporation (SGMS) fell 21.8% and closed at $13.85 after the company released its third quarter results. Management Changes The company announced the retirement of Mr. Joseph R. Wright from the post of CEO at year-end, although he will continue on the...
28Oct2009 | vitalstocks | 0 comments | Continued(TU) Telus Corporation to Launch iPhone Soon
Telus Corp (TU), Canada’s second largest telecom carrier, has officially announced the launch date and pricing of Apple’s (AAPL) iPhone (3G and 3GS). The company will commence selling the highly popular device on Nov 5, 2009. Moreover, Telus will also unveil its new HSPA...
28Oct2009 | vitalstocks | 0 comments | Continued(MWV) MeadWestvaco Corporation Beats Expectations Handily
MeadWestvaco Corporation (MWV) reported solid profit improvement across all of its businesses for the third quarter of 2009. Pre-tax earnings from the company’s business segments increased 43% to $204 million from $143 million in the third quarter of 2008. Third quarter 2009...
28Oct2009 | vitalstocks | 0 comments | Continued(SEE) Sealed Air Corporation Keeps Outperforming
Sealed Air Corporation (SEE) posted third-quarter EPS of 38 cents, beating the Zacks Consensus Estimate of 33 cents as well as prior-year EPS of 28 cents. Through its stringent cost-control measures and global manufacturing strategy, the company managed to offset the impact of...
28Oct2009 | vitalstocks | 0 comments | Continued(GSK) GlaxoSmithKline Earns FDA Approval for Arzerra, a Chronic Lymphocytic Leukemia Drug
GlaxoSmithKline (GSK) and Denmark-based Genmab received some good news with the US Food and Drug Administration’s (FDA) approval for Arzerra (ofatumumab), a monoclonal antibody for patients with chronic lymphocytic leukemia (CLL), a slowly progressing cancer of the blood and...
28Oct2009 | vitalstocks | 0 comments | Continued(DT) T-mobile Unveils New Service Plan
T-Mobile USA, the US subsidiary of German telecom giant Deutsche Telekom (DT), has reportedly introduced a new unlimited wireless service plan that comes without any annual service contract. This move represents the company’s latest initiative to counter strong competition...
28Oct2009 | vitalstocks | 0 comments | Continued(BWLD) Buffalo Wild Wings’ Profit Soars
Buffalo Wild Wings Inc. (BWLD), best known for its chicken wings and sports bar, sustained its growth momentum in the third-quarter 2009 despite economic turmoil and lower consumer discretionary spending. The company reaffirmed its growth target of 15% in units, 25% in revenue,...
28Oct2009 | vitalstocks | 0 comments | Continued(CPTS) Conceptus, Inc. – Earnings Report Crushes Estimates
Conceptus, Inc. (CPTS) crushed analyst estimates after a very beneficial acquisition. Company Description Concept us makes a proprietary birth control product for women called Essure. The Essure procedure is permanent, done with out any incisions, and right in the doctor’s...
28Oct2009 | vitalstocks | 0 comments | Continued(JWN) Nordstrom, Inc. – Strong Momentum and Bullish Forecasts
Nordstrom, Inc. (JWN) has more than doubled the market’s return over the past year. During the last 3 months, JWN saw even more bullish trading as shares nearly tripled the performance of the major averages. Analysts are also bullish, lifting the full-year Zacks Consensus...
28Oct2009 | vitalstocks | 0 comments | Continued(CTB) Cooper Tire & Rubber – Bull of the Day
Cooper Tire & Rubber Co. (CTB) is well positioned to enjoy improved operating costs, greater geographic flexibility and the ability to penetrate international markets through its investments and facilities in low-cost countries. The company continues to realize the benefits...
28Oct2009 | vitalstocks | 0 comments | Continued(WLP) WellPoint Beats Forecasts – Revenue Dips
WellPoint, Inc. (WLP) reported third quarter earnings of $1.78 per share, which was above the Zacks Consensus Estimate of $1.39, and the year-ago earnings of $1.58. Total operating revenues declined 0.7% to $15.2 billion. The decline was primarily attributable to the lower fully...
28Oct2009 | vitalstocks | 0 comments | Continued