Archive for October, 2009
(CNMD) CONMED Corporation – Bear of the Day
Conmed Corp. (CNMD) operates in highly competitive markets against competitors that are much larger, technically competent and possess substantially more assets. Additionally, many of these competitors offer a range of products not matched by Conmed, which may make Conmed’s...
21Oct2009 | vitalstocks | 0 comments | Continued(FCX) Freeport McMoRan Outperforms
Freeport McMoRan (FCX), the large-cap global mining company, reported its third quarter earnings earlier today. The company reported earnings of $2.07 per share compared to $1.31 per share in the third quarter of 2008. This handily beat the Zacks Consensus Estimate of $1.18 per...
21Oct2009 | vitalstocks | 0 comments | Continued(NBR) Nabors Just Misses, Eyes Recovery
Nabors Industries Ltd. (NBR) – North America’s largest onshore oil and natural gas driller – yesterday reported marginally weaker-than-expected third quarter results on the back of lower rig demand, as producers continued to scale back operations in the midst of falling...
21Oct2009 | vitalstocks | 0 comments | Continued(SKM) SK Telecom to Launch Fixed-Mobile Substitution Service
South Korea’s largest wireless carrier SK Telecom (SKM) announced plans to introduce its fixed-mobile substitution (“FMS”) service. Assuming near-term approval of the service by the telecom regulator Korea Communications Commission, the company targets the commercial...
21Oct2009 | vitalstocks | 0 comments | Continued(AMLN) Amylin Pharmaceuticals’ Loss Narrows
Amylin Pharmaceuticals (AMLN) reported a loss of 19 cents per share in the third quarter, which was narrower than the Zacks Consensus Estimate of a loss of 30 cents. In the prior-year period, the company had incurred a loss of 47 cents. Total revenues for the quarter were $211.2...
21Oct2009 | vitalstocks | 0 comments | Continued(PAA) Plains All American Pipeline L.P. Buys Holly Corporation Assets
Plains All American Pipeline L.P. (PAA) yesterday announced the acquisition of certain pipelines, a manifold system and approximately 400,000 barrels of crude oil storage capacity from Holly Corporation (HOC) for $40 million. The deal includes 6 tanks, 9 receiving pipelines and...
21Oct2009 | vitalstocks | 0 comments | Continued(NOC) Northrop Grumman Corporation Reports Impressive Results
Los Angeles-based leading shipbuilder and the second largest U.S. defense contractor Northrop Grumman Corporation (NOC) reported impressive third quarter results, with EPS of $1.52 crossing both the Zacks Consensus Estimate of $1.18 and the year-ago result of $1.50. The upsurge...
21Oct2009 | vitalstocks | 0 comments | Continued(AGNC) American Capital Agency Corporation Impresses
American Capital Agency Corp. (AGNC), a real estate investment trust (REIT) that focuses on investments in mortgage pass-through securities and collateralized mortgage obligations (CMOs), reported strong third quarter results despite challenging market conditions. The company...
21Oct2009 | vitalstocks | 0 comments | Continued(STM) STMicroelectronics Reports an Earnings Miss
STMicroelectonics NV (STM) reported third quarter 2009 net loss of $201 million, or 23 cents per share, compared to a net loss of $318 million and $289 million in the prior quarter and year-ago periods, respectively. This was lower than the Zacks Consensus Estimate of a loss...
21Oct2009 | vitalstocks | 0 comments | Continued(HCBK) Hudson City Bancorp Meets Consensus Estimates
Hudson City Bancorp’s (HCBK) third quarter 2009 operating earnings came in at 27 cents per share, a penny ahead of the Zacks Consensus Estimate’s 26 cents per share. This was an increase over 25 cents last year. The company continued to experience strong lending revenue,...
21Oct2009 | vitalstocks | 0 comments | Continued(SWK) The Stanley Works Beats Consensus
Today before the market open, The Stanley Works (SWK) reported results for the third quarter of 2009. During the quarter, net income was $60.4 million, or 75 cents per share, down 63% from $163 million, or $2.04 per share, in the third quarter of 2008. The 2008 quarter included...
21Oct2009 | vitalstocks | 0 comments | Continued(CHRW) C.H. Robinson Worldwide Outperforms
C.H. Robinson Worldwide Inc. (CHRW) reported third quarter 2009 net income applicable to common shareholders of $95.5 million or 57 cents per share compared to $93.6 million or 54 cents per share in the prior-year quarter. Results were two pennies ahead of the Zacks Consensus...
21Oct2009 | vitalstocks | 0 comments | Continued(DAI) Daimler’s Operating Profit Sinks
In its presentation of preliminary figures for the third quarter of the year, Daimler AG (DAI) has shown a 38% fall in operating profit to €470 million ($700 million) compared to €648 million ($966 million) in the prior-year quarter. Group revenue for the quarter declined...
21Oct2009 | vitalstocks | 0 comments | Continued(BUCY) Grading Management with Return on Equity – Screen of the Week
This week I want to talk about Return on Equity. Return on Equity, or ROE, is a commonly used measure of management efficiency. It’s a favorite screening criterion of many money managers and investors Incorporatedluding myself, because it tells you how successful...
21Oct2009 | vitalstocks | 0 comments | Continued(EBAY) The Secret to Profiting from Earnings Reports: Buy High – Sell Higher
by Matthew Weinschenk Contributing Editor, Investment U & Senior Analyst, The White Cap Report Whenever corporate earnings season rolls around, many investors would love to play the various announcements and profit from them. Trouble is, they don’t know how to without...
21Oct2009 | InvestmentU | 0 comments | Continued(PRX) Par Pharmaceutical Companies, Inc. – Beat by 35.42% in the Second Quarter
Par Pharmaceutical Companies, Inc. (PRX) has surprised on the Zacks Consensus Estimate 3 out of the last 4 quarters by an average of 101.93%. With earnings estimates jumping, the company has a PEG ratio of just 0.2. Company Description Par Pharmaceutical manufactures generic...
21Oct2009 | vitalstocks | 0 comments | Continued(MSFT) Insider Selling: How to Profit From The Insiders’ Unfair Advantage
by Alexander Green, Chief Investment Strategist Wednesday, October 21, 2009: Issue #1120 At The Oxford Club’s latest investment conference in Charleston last week, an attendee told me he was shocked by the level of insider selling in some of his stocks. Should he sell? Not...
21Oct2009 | InvestmentU | 0 comments | Continued(TUP) Top Performer for Wed: Tupperware- Zacks #1 Rank Top Performers
Yesterday, Tupperware Brands Corporation (TUP) announced a third-quarter report that included a positive earnings surprise, a (slight) gain in sales, a raised full-year guidance and a raised dividend. As a result, shares of this kitchen food storage staple have advanced approximately...
21Oct2009 | vitalstocks | 0 comments | Continued(BLK) BlackRock, Incorporated – Easily Beats Estimates
BlackRock, Inc. (BLK) reported 3rd-quarter results after the bell on Oct 19 that were better than expected, sending shares to a new 52-week high and within striking distance of the all-time high at $250. Company Description BlackRock, Inc. is an investment and asset management...
21Oct2009 | vitalstocks | 0 comments | Continued(BTU) Peabody Energy Corporation Beats Expectations
Coal miner Peabody Energy Corp. (BTU) reported third-quarter earnings of 49 cents per share, beating the Zacks Consensus estimate of 22 cents. However, the quarterly results were down 70.4% from the year ago earnings of $1.35 per share. Peabody’s revenues declined to $1.67...
21Oct2009 | vitalstocks | 0 comments | Continued(GENZ) Genzyme Misses & Slashes Earnings Guidance Again for 2009
This morning, Genzyme Corp (GENZ) reported third quarter earnings of 19 cents per share, which was well below the Zacks Consensus Estimate of 31 cents and the year ago earnings of 93 cents. Moreover, revenues declined 9% to $1.06 billion. As expected, the temporary shutdown of...
21Oct2009 | vitalstocks | 0 comments | Continued(MS) Morgan Stanley Finally Turns Out Profits
Morgan Stanley (MS) reported third-quarter 2009 income of $498 million this morning or 38 cents per share, compared with a loss of $159 million or $1.37 per share in the prior quarter and an income of $7.7 billion, or $7.38 per share a year ago. The results were much ahead of...
21Oct2009 | vitalstocks | 0 comments | Continued(SPG) Federal Reserve Beige Book Improves Again
The Fed released its Beige Book today, which is a collection of mostly anecdotal information from across the country. Presented below are key sections of the report along with my reactions to them. “Reports from the 12 Federal Reserve Districts indicated either stabilization...
21Oct2009 | vitalstocks | 0 comments | Continued(BGG) Top Performer for Tues: Briggs & Stratton- Zacks #1 Rank Top Performers
Briggs & Stratton Corporation (BGG) today received a brokerage upgrade to ‘outperform’ from ‘neutral’. The news helped shares gain more than 8%; thereby putting the company on the Zacks #1 Rank Top Performers List for Tuesday. Volume is at 708,000...
21Oct2009 | vitalstocks | 0 comments | Continued(ALV) Autoliv Returns to Profitability
Autoliv (ALV) has shown a profit of $33.7 million or 37 cents per share in the third quarter of the year, after reporting losses for the preceding three quarters. The Sweden-based supplier of automotive safety systems has also beaten the Zacks Consensus Estimate of 24 cents per...
21Oct2009 | vitalstocks | 0 comments | Continued(BIO) Bio-Rad Laboratories, Inc. – Earnings Came in Strong
Bio-Rad Laboratories, Inc. (BIO) recently hit a new 52-week high as the global economy recovers from last year’s drop. Company Description Bio-Rad Laboratories, Inc., together with its subsidiaries, engages in the manufacture and supply of products and systems for the healthcare...
21Oct2009 | vitalstocks | 0 comments | Continued(CCI) Crown Castle International Raises Guidance
Yesterday, Crown Castle International Corp. (CCI), a leading wireless tower operator in the U.S. and Australia , raised its third quarter fiscal 2009 financial outlook. Management stated that its Site rental revenue and Adjusted EBITDA will beat the company’s prior estimate....
21Oct2009 | vitalstocks | 0 comments | Continued(GS) Wise Words from Across the Pond
Meryn King, the British counterpart to U.S. Fed Chair Ben Bernanke, had this to say in a speech yesterday: “The United Kingdom faces two fundamental long-run challenges. First, to rebalance the economy, with more resources allocated to business investment and net exports and...
21Oct2009 | vitalstocks | 0 comments | Continued(SLM) SLM Corporation (Sallie Mae) Beats Earnings Estimate
SLM Corporation (SLM) or commonly know as Sallie Mae, reported third quarter core earnings of $164 million or 26 cents per share. Results were well ahead of the Zacks Consensus Estimate of 8 cents per share. The company had earned 19 cents in the year-ago period. Results reflected...
21Oct2009 | vitalstocks | 0 comments | Continued(GIS) Better than Expected Earnings Trends
Earnings Trends Key Points: Earnings surprise ratio (#beat / #miss) at 5.56 Median Earnings Surprise 7.90% Year-over-year earnings growth ratio (# Positive Growth/# Negative Growth) at 0.74 Sales surprise ratio at 2.0 Sales growth ratio at just 0.35 Total net income for S&P...
21Oct2009 | vitalstocks | 0 comments | Continued