Archive for October, 2009
(DAI) Daimler Financial Lands in United Arab Emirates
Daimler Financial Services, the financial services arm of auto giant Daimler (DAI), has opened two new companies in the UAE – Mercedes-Benz Finance Middle East and Mercedes-Benz Leasing Middle East – in order to boost slackening sales in the region. This has made Daimler...
16Oct2009 | vitalstocks | 0 comments | Continued(NOC) Northrop Grumman Corporation Scores Four Contracts
Northrop Grumman Corporation (NOC) has recently bagged four small contracts from the Pentagon, totaling approximately $116.6 million. Of this, the largest is a $58 million Army contract to complete a counter-rocket artillery and mortar system. Work on the contract will be performed...
16Oct2009 | vitalstocks | 0 comments | Continued(CSX) CSX Reports Earnings Ahead of Expectations
CSX Corp. (CSX) reported earnings from continuing operations of $293 million or 74 cents per share, ahead of the Zacks Consensus Estimate of 71 cents per share. Earnings were down $380 million or 93 cents per share in the prior year period. The decline was brought about by lower...
16Oct2009 | vitalstocks | 0 comments | Continued(JPM) JPMorgan Chase & Company Beats Consensus – Profit Surges
JPMorgan Chase & Company’s (JPM) third quarter earnings came in at 82 cents per share, substantially ahead of the Zacks Consensus Estimate of 49 cents. This compares favorably with 9 cents in the prior-year quarter. Better-than-expected results were primarily aided by continued...
16Oct2009 | vitalstocks | 0 comments | Continued(INTC) Intel Corporation Looking Strong as Ever
Intel Corp. (INTC) reported very strong earnings in the third quarter, beating the Zacks Consensus Estimate by 6 cents. Revenue beat the consensus by 3.9%. Revenue Revenue of $9.4 billion was up 17.0% sequentially and down 8.1% year over year. This was higher than management’s...
16Oct2009 | vitalstocks | 0 comments | Continued(ALKS) Good News for Alkermes’ Drug Pipeline
Recently, Alkermes Inc. (ALKS) announced that its pipeline candidate, ALKS33, for addiction and nervous system disorders, gave positive results in two early stage clinical trials. Results from the two studies, ALK33-003 and ALK33-004, demonstrated that the candidate blocked the...
16Oct2009 | vitalstocks | 0 comments | Continued(ABT) Abbott Laboratories Outperforms & Raises
Abbott Laboratories (ABT) reported third quarter earnings of 92 cents per share, 2 cents above the Zacks Consensus Estimate of 90 cents. Results were above the company’s guidance of 88 – 90 cents. Earnings increased 16.5% from the year-ago period. Total revenues grew 3.5%...
16Oct2009 | vitalstocks | 0 comments | Continued(CAT) Capitalize on the “Age Of Infrastructure” With This Industry Giant
by Ryan Cole, Investment U Research Forget the British… and the Americans for that matter… the French are coming! Without any direct stimulus money behind it, the Federal Railroad Administration recently called for proposals on high-speed rail lines in the United States. Over...
16Oct2009 | InvestmentU | 0 comments | Continued(AYE) Allegheny Energy Revises Rate Hike
Allegheny Energy Inc. (AYE) yesterday scaled down its proposed rate hike in Virginia . Earlier, in April 2009, the company had asked for $22.6 million rate hike, which it has now scaled down by $3.2 million to a $19.4 million. Allegheny has proposed the hike before the Virginia...
16Oct2009 | vitalstocks | 0 comments | Continued(IGT) International Game Technology: $78 Million in Non-Cash Charges
International Game Technology (IGT) today announced that it would record a non-cash charge of approximately $78 million, or 26 cents per share in the fourth quarter to give effect to a reduction in the carrying value of its investment in Walker Digital Gaming Inc. In August,...
16Oct2009 | vitalstocks | 0 comments | Continued(JEC) Jacobs Engineering Group Forms Joint Venture
Yesterday, Jacobs Engineering Group Inc. (JEC) and Office Cherifien Des Phosphates (OCP) entered into an engineering joint venture agreement. The terms of agreement are not disclosed. However, during the initial phase, the joint venture will provide program, project management...
16Oct2009 | vitalstocks | 0 comments | Continued(XLNX) Xilinx Sales Grow Sequentially
Xilinx, Inc. (XLNX) recently reported sales of $415.0 million for the second quarter of fiscal 2010. The result was down 14% year over year but up 10% sequentially, exceeding management’s guidance range of revenue growth between 2% and 6%. Sales growth in the September...
16Oct2009 | vitalstocks | 0 comments | Continued(EXFO) EXFO Electro-Optical Engineering Trims Losses
In the fourth quarter of 2009, EXFO Electro-Optical Engineering (EXFO) reported net loss of $1.2 million, or 2 cents per share, beating the Zacks Consensus Estimate of a loss of 6 cents per share. Annual sales decreased 5.9% to $172.9 million in fiscal 2009 from $183.8 million...
16Oct2009 | vitalstocks | 0 comments | Continued($MDT) Medtronic’s Bone Graft Product Delivers
Medtronic, Inc. (MDT) yesterday reported positive results from the study of the safety and effectiveness of the company’s INFUSE Bone Graft compared to autogenous bone graft when used in maxillary sinus floor augmentation. Results indicated that INFUSE Bone Graft are equally...
16Oct2009 | vitalstocks | 0 comments | Continued(APD) Air Products and Chemicals Forays into China
Industrial gases and specialty chemical company, Air Products and Chemicals Inc. (APD) has forayed into the Chinese liquefied natural gas market [LNG] by signing an agreement with Technip to supply Air Products’ LNG process technology and equipment for an LNG project in Yinchuan,...
16Oct2009 | vitalstocks | 0 comments | Continued(RA) RailAmerica IPO Debuts
Following the closure of its initial public offering (IPO), RailAmerica (RA) has started trading under the ticker symbol “RA” on New York Stock Exchange since Tuesday. RailAmerica, which filed for IPO in late July, had offered 10.5 million primary shares and 11.5 million...
16Oct2009 | vitalstocks | 0 comments | Continued(GG) Options Spread Trading Explained: How to Make Triple-Digit Gains From Double-Digit Opportunities
by Karim Rahemtulla, Options Expert Thursday, October 15, 2009: Issue #1116 “Why would I want to trade options? They’re too complex and scary. I’ll lose all my money.” If I had a dollar for every time I’ve heard this from investors, I’d be kicking back on a Caribbean...
16Oct2009 | InvestmentU | 0 comments | ContinuedThe Problem With Social Security: An Ever Expanding & Crippling Debt Bubble Facing America
by Bill Bonner and Addison Wiggin, Guest Editorial from Agora Financial The first public retirement pension scheme was created by Otto von Bismarck in Germany back in 1880. Fifty years later, during the Great Depression, Franklin Roosevelt followed suit in the United States. Back...
16Oct2009 | InvestmentU | 0 comments | Continued(BAC) Bank of America Earnings Disappoint
Bank of America Corporation’s (BAC) third quarter 2009 loss came in at 26 cents per share, substantially worse than the Zacks Consensus Estimated loss of 10 cents. This compares unfavorably with earnings of 15 cents in the prior-year quarter. The worse-than-expected results...
16Oct2009 | vitalstocks | 0 comments | Continued(CAM) Cameron International Corporation: Earnings Preview
Cameron International Corporation (CAM) is expected to release its third quarter results before the market opens on November 3. The Zacks Consensus Estimate for this stock is 53 cents per share. In the prior-year period, the company had reported earnings of 73 cents per share. The...
16Oct2009 | vitalstocks | 0 comments | Continued(UTX) United Technologies Corporation’s Chairman Retires
United Technologies Corporation (UTX) announced George David, 67, will retire as Chairman of the Board of Directors at the end of the year, concluding 34 years of service with UTC Incorporatedluding 14 years as Chief Executive Officer. Louis Chenevert, 52, President and Chief...
16Oct2009 | vitalstocks | 0 comments | Continued(GIB) A tech player hits a new 52-week high while a fast-food titan breaks out from a 3-month trading range. – Charting Zacks Elite Stocks
CGI Group, Inc. (GIB) has been posting impressive gains on the heels of some acquisition activities in the technology sector, recently hitting a new 52-week high above $13. Shares began their current surge after bouncing from a trend line higher just above $11 in early October....
16Oct2009 | vitalstocks | 0 comments | Continued(ABX) Barrick Gold Raises Debt With Notes
The world’s largest gold producer, Barrick Gold Corp. (ABX) and its wholly owned subsidiary, Barrick Australia Finance Pty Ltd., are planning to issue $1.25 billion in debt securities comprised of $400 million of 4.95% notes due 2020 and $850 million of 5.95% notes due 2039....
16Oct2009 | vitalstocks | 0 comments | Continued(SWIR) Sierra Wireless Boosts M2M Business
Sierra Wireless Inc. (SWIR), a leading provider of embedded modules for mobile computing, is quickly expanding its related business vertical of industrial solutions or machine-to-machine (M2M) wireless communications services, a rapidly growing market opportunity. This new business...
16Oct2009 | vitalstocks | 0 comments | Continued(SMTS) Your Investment Portfolio: Crucial Investment Habits Every Investor Should Cultivate
by Marc Lichtenfeld, Health Care Expert Wednesday, October 14, 2009: Issue #1115 One of the marks of a good poker player is someone who can throw away a good hand if he thinks he’s been beaten. A less-experienced player might hang on to a premium hand, no matter what the...
16Oct2009 | InvestmentU | 0 comments | Continued(LM) Legg Mason, Inc. – Estimates Climb
Legg Mason, Inc. (LM) is surging ahead of its Q3 results set to be delivered on Oct 22, helped by rising estimates and a financial sector recovery. Company Description Legg Mason, Inc. operates as an asset management firm servicing both individual and institutional investors....
16Oct2009 | vitalstocks | 0 comments | Continued(CLF) Cliffs Natural Resources to Acquire Wabush Mines Stake
International mining and natural resources company, Cliffs Natural Resources Inc. (CLF) announced on Oct 12 its decision to exercise its right of first refusal to acquire U.S. Steel Canada’s 44.6% interest and ArcelorMittal Dofasco’s 28.6% interest in the Wabush Mines joint...
16Oct2009 | vitalstocks | 0 comments | Continued(COCO) Corinthian Colleges Inc. – Aiming for 4 Surprises in a Row
Corinthian Colleges Inc. (COCO) has surprised on estimates the last 3 quarters in a row by an average of 25.09% as enrollment has soared. The company has both growth and value characteristics. It has a PEG ratio of just 0.7. Company Description Corinthian Colleges is a post-secondary...
16Oct2009 | vitalstocks | 0 comments | Continued(ATSI) ATS Medical Receives Approval for Cardiac Arrhythmia Treatment
ATS Medical, Inc. (ATSI) yesterday received the CE Mark approval for marketing the ATS CryoMaze 10-S Surgical Cryoablation Probe used for the treatment of cardiac arrhythmias in the European Union. The new product complements the current ATS CryoMaze Probes by adding a linear...
16Oct2009 | vitalstocks | 0 comments | Continued(ALTR) Altera Corporation Meets Expectations
Altera Corporation (ALTR) reported sales of $286.6 million, down 20% from a year ago but up 3% sequentially and in line with the management’s revised guidance provided last month. New products grew 7% sequentially. Sales of 40 nm devices tripled sequentially as the company...
16Oct2009 | vitalstocks | 0 comments | Continued