Archive for October, 2009
(ABB) ABB Acquires Sinai Engineering
ABB Ltd. (ABB) announced that it has acquired the assets of Sinai Engineering Corporation to enhance its presence and capabilities in Western Canada. Sinai Engineering’s offerings include high-voltage substations and transmission line design, generation and transmission...
14Oct2009 | vitalstocks | 0 comments | Continued(SPPI) Spectrum Pharmaceuticals is Denied Approval from US Food and Drug Administration
In a major disappointment for Spectrum Pharmaceuticals (SPPI), the US Food and Drug Administration (FDA) last week refused to approve the company’s supplemental New Drug Application (sNDA) for Fusilev (levoleucovorin) in its current form. The company was seeking approval for...
14Oct2009 | vitalstocks | 0 comments | Continued(VCLK) ValueClick Earns Neutral Analyst Rating
Headquartered in Westlake Village, California, ValueClick Inc. (VCLK) is a diversified provider of Internet advertising solutions and online marketing services for online advertisers and website publishers. ValueClick is one of the largest online display advertising network operators...
14Oct2009 | vitalstocks | 0 comments | Continued(CIT) A Rarity: The Small-Business Loan
Today’s New York Times has an excellent article on the difficulty that small businesses are still having in getting loans. While the capital markets have freed up, and as a result larger firms are able to tap the capital markets for bonds and commercial paper, small businesses...
14Oct2009 | vitalstocks | 0 comments | Continued(JNJ) Johnson & Johnson Beast Estimates and Raises Guidance
Johnson & Johnson’s (JNJ) third quarter earnings of $1.20 surpassed the Zacks Consensus Estimate by 7 cents and by 3 cents from the year-ago period. However, the company reported revenues of $15.1 billion, a decline of 5.3% compared to the third quarter of 2008. While...
14Oct2009 | vitalstocks | 0 comments | Continued(YHOO) Yahoo! Losing Top Executives
Yahoo! Inc. (YHOO) is losing top executives to upcoming media and brand advertising companies. Recent announcements included the departure of Patrick Berry, Head of the connected TV group and Josh Jacobs, VP and GM of Marketing Technology and Head of Strategy and Marketing for...
14Oct2009 | vitalstocks | 0 comments | Continued(URS) URS Corporation Joint Venture Gets FEMA Orders
URS Corporation (URS) announced that an alliance between URS and PBS&J has been awarded a contract by the Federal Emergency Management Agency (FEMA) to assist the agency in providing temporary housing and mass care solutions for the survivors of the disaster. The five-year...
14Oct2009 | vitalstocks | 0 comments | Continued(GLD) Five Commodities Are Poised For Big Moves – Are You Ready For Them?
by Lee Lowell, Stock and Commodity Option Specialist Tuesday, October 13, 2009: Issue #1114 Anyone can buy a stock. But not everyone knows how to buy stocks at the prices they want and get paid instant cash for doing so. But that’s exactly the strategy I showed you how to...
14Oct2009 | InvestmentU | 0 comments | Continued(ABX) Barrick Gold Corporation to Acquire Chilean Mine
Barrick Gold Corporation (ABX), the largest gold mining company in the world, has entered into an agreement with Xstrata Copper Chile S.A., a wholly owned subsidiary of Xstrata Plc, to acquire Xstrata’s 70% interest in the El Morro project for $465 million in cash. Another...
14Oct2009 | vitalstocks | 0 comments | Continued(GHDX) Genomic Health’s Results Reveal Oncotype DX Utility
Recently, Genomic Health Inc. (GHDX) announced data which confirmed that manual micro dissection (dissection of tissue or cells under the microscope) of biopsy cavities is essential for the accurate assessment of recurrence risk in patients with early-stage breast cancer. Genomic...
14Oct2009 | vitalstocks | 0 comments | Continued(LVS) Macau Casino Growth Threatened?
The explosive growth of the casino industry in Macau may be threatened as the government of Macau ? the Chinese gambling Mecca ? is considering ways to impose restrictions on age, number of tables and locations of casinos. Yesterday, government officials of Macau met with six...
14Oct2009 | vitalstocks | 0 comments | Continued(PLL) Pall Corporation – Sees Economic Conditions Improving
Pall Corporation (PLL) saw quarter over quarter sales growth in its fiscal fourth quarter as it surprised on the Zacks Consensus Estimate by 9.62%. Even with the financial crisis, Pall raised its dividend in fiscal 2009. Company Description Pall designs solutions in filtration,...
14Oct2009 | vitalstocks | 0 comments | Continued(RAD) Rite Aid Corporation – Bear of the Day
Management at Rite Aid Corporation (RAD) was executing a turnaround strategy centered on increasing the profitability of the existing store base. However, the acquisition of Brooks Eckerd prior to a convincing turnaround in profitability has increased the debt burden and interest...
14Oct2009 | vitalstocks | 0 comments | Continued(PLCM) Polycom Keeps Innovating With Business-to-Business Video Services
Recently, Polycom Inc (PLCM) introduced two new infrastructure platforms for visual communication network solutions that will enable large organizations, government agencies, educational institutions, and healthcare companies to deliver enterprise-wide and business-to-business...
14Oct2009 | vitalstocks | 0 comments | Continued(LINE) Linn Energy LLC – Nearly 11% in Dividends – Estimates Climbing
Linn Energy, LL (LINE) beat analyst expectations and continues to trend higher while making new acquisitions. Company Description Linn Energy is in the business of developing and acquiring oil and gas assets in the U.S. Topping Expectations On Aug 6 the company reported net income...
14Oct2009 | vitalstocks | 0 comments | Continued(SNX) SYNNEX Corporation – Surprise Streak Continued in the Third Quarter
SYNNEX Corporation (SNX) surprised on estimates for the 8th quarter in a row in September as sales grew quarter over quarter. The company is cheap, trading with a price-to-book ratio of just 1.25. Company Description SYNNEX distributes IT systems, peripherals, system components,...
14Oct2009 | vitalstocks | 0 comments | Continued(EJ) E-House China Holdings Ltd. – Beat in the Last 4 of 4 quarters by an average of 46%
E-House China Holdings Ltd. (EJ) has beat in each of the last 4 quarters by an average of 46% and recently projected 100% Q3 sales growth from last year. Company Description E-House (China) Holdings Ltd., through its subsidiaries, provides real estate brokerage and consulting...
14Oct2009 | vitalstocks | 0 comments | Continued(QCOM) Qualcomm’s Path-Breaking Pocket-Sized Portable Computing Initiative
Future sustainable growth of Qualcomm Inc (QCOM) is all set to come from its state-of-the-art next-generation Snapdragon technology platform. A major initiative of Qualcomm is the convergence of mobile computing with its Snapdragon solutions. These chipsets have been designed...
14Oct2009 | vitalstocks | 0 comments | Continued(DRYS) The Baltic Dry Index: A Solid Gauge of Global Economic Health
Tony Daltorio, Investment U Research Funny how bulls and bears can look at exactly the same data, yet come to completely different opinions. Take the Baltic Dry Index, which measures charter rates for ships carrying bulk commodities, for example. Bulls use a high reading ...
14Oct2009 | InvestmentU | 0 comments | Continued(CHA) China Telecom Tests Upgraded EV-DO Network
China Telecom (CHA), the largest Chinese fixed-line operator, has successfully tested Alcatel-Lucent’s (ALU) multi-carrier EV-DO (a 3G technology) wireless network based on the Revision B (Rev B) standard. The Chinese operator’s subsidiary Shanghai Telecom has reportedly...
14Oct2009 | vitalstocks | 0 comments | Continued(RGA) Reinsurance Group of America Ratings Affirmed by A.M. Best
Rating agency A.M. Best Co. has affirmed the financial strength rating [FSR] of A+ and issuer credit ratings (ICR) of “aa-” of RGA Reinsurance Company and RGA Life Reinsurance Company of Canada. A.M. Best also has affirmed the ICR of “a-” and the debt ratings...
14Oct2009 | vitalstocks | 0 comments | Continued(ASR) Traffic Decrease Puts Mexican Airlines in Trouble
Last week, Grupo Aeroportuario del Sureste, S.A.B. de C.V. (ASR) announced a decrease of 10.7% in total passenger traffic for September 2009 versus September 2008. Domestic passenger traffic decreased 11.0%, while international passenger traffic decreased 10.3% compared to September...
14Oct2009 | vitalstocks | 0 comments | Continued(ODP) Office Depot Introduces Flu Kit
Office Depot Inc. (ODP), the global supplier of a range of office products and services, recently teamed up with Acme United to offer ‘Fight the Flu Kit’. With the spread of swine flu (H1N1 virus), more and more businesses are taking measures to prevent their employees from...
14Oct2009 | vitalstocks | 0 comments | Continued(PALM) Palm’s webOS Platform Advantage?
Palm Inc. (PALM) plans to launch a webOS developer program in December this year. Building software for Palm’s Linux-based mobile platform, this new app program will help third-party open source developers to provide their own software applications directly via the Web. For...
14Oct2009 | vitalstocks | 0 comments | Continued(MDRX) Allscripts-Misys Healthcare Solutions Aligns with Intuit on Quicken Health Bill Pay
Allscripts-Misys Healthcare Solutions, Inc. (MDRX) recently entered in an alliance with Intuit Inc. (INTU), a leading provider of business and financial management solutions, to offer Quicken Health Bill Pay. This is the first online service that integrates with Allscripts’...
14Oct2009 | vitalstocks | 0 comments | Continued(ELN) SEC Subpoena for Elan Regarding Tysabri Use Disclosure
Elan Corporation (ELN) recently received a subpoena from the US Securities and Exchange Commission (SEC) regarding the company’s disclosure of two brain disorder cases (in July 2008), often fatal, tied to the use of its drug Tysabri for the treatment of multiple sclerosis. Elan...
14Oct2009 | vitalstocks | 0 comments | Continued(MSFT) Microsoft Gets a “Sidekick”
It is feared that some users of Sidekick phones have lost most of the personal information stored on remote servers manned by Microsoft (MSFT). The servers were based on Sun’s (JAVA) Solaris/Linux/Oracle (ORCL) technology. Several versions of the phone were sold through service...
14Oct2009 | vitalstocks | 0 comments | Continued(VIP) VimpelCom – Bull of the Day
We reaffirm our Outperform recommendation for VimpelCom (VIP), Russia’s second largest cellular carrier with over 25% market share. Reported earnings in the last quarter outpaced the Zacks Consensus Estimate, driven by foreign exchange gains. We continue to be intrigued...
14Oct2009 | vitalstocks | 0 comments | Continued($JPM) U.S. Bank Industry Reviewed – Analyst Interview
After enduring extraordinary shocks in 2008, U.S. banks entered an exceptional state of turmoil in 2009. Starting as a credit issue in the subprime segment of the mortgage market, the sticky situation spread to almost the entire financial services industry and all corners of...
14Oct2009 | vitalstocks | 0 comments | Continued(TGT) Target Expects Better 3Q
Target Corp. (TGT), the operator of general merchandise and food discount stores, expects its third-quarter earnings to surpass analysts’ expectations of 43 cents a share on the back of better-than-expected results for the month of September. However, Target holds a cautious...
13Oct2009 | vitalstocks | 0 comments | Continued