Archive for October, 2009
(HUBB) Electrical Products – Industry Outlook
The U.S. Electrical Products industry is highly fragmented, with the largest suppliers together accounting for only a small percentage of total sales. Some of the largest players in this market are Hubbell (HUBB) and Thomas & Betts (TNB), which distribute their own products....
12Oct2009 | vitalstocks | 0 comments | Continued(HGR) Hanger Orthopedic Group on Acquisition Spree
Hanger Orthopedic Group, Inc. (HGR) recently made three acquisitions totaling $10.7 million in annual net revenues. These acquisitions are: Creative Orthotics & Prosthetics, Inc.; Custom Orthopedics of Wyoming; and certain orthotics and prosthetics assets from the Hospital...
12Oct2009 | vitalstocks | 0 comments | Continued(CMCSA) Comcast Targets Mid-tier Business Markets
Comcast Corp. (CMCSA) has decided to increasingly focus on the small and medium sized businesses (SMB) segment. Recently, the company signed a deal to acquire Cimco Communications Inc, a privately held competitive local exchange carrier in the Chicago area. However, the financial...
12Oct2009 | vitalstocks | 0 comments | Continued(FACT) Facet Investors Urged to Deny Biogen Idec Tender Offer
In line with expectations, Facet Biotech Corporation’s (FACT) board of directors unanimously recommended that its stockholders should reject the unsolicited conditional tender offer from Biogen Idec Inc. (BIIB), which is seeking to acquire all the outstanding shares of Facet...
12Oct2009 | vitalstocks | 0 comments | Continued(OMN) Omnova Solutions – Earnings Estimates Pop
Omnova Solutions Inc. (OMN) has posted another earnings surprise since being featured as a Zacks Rank Buy. Beat the Street On Sep 29 the specialty chemical company posted its third consecutive earnings surprise. Earnings per share came in at 24 cents, more than twice the 11 cents...
12Oct2009 | vitalstocks | 0 comments | Continued(DELL) Dell to Try Smartphone
Dell Inc. (DELL) is planning to enter the smartphone business. The renowned personal computer (PC) manufacturer is planning to launch a smartphone, which will run on Google’s (GOOG) Android mobile software and will be connected through telecom giant AT&T’s (T) network....
12Oct2009 | vitalstocks | 0 comments | Continued(DELL) Dell to Market Salesforce.com Software
Dell Inc. (DELL) has recently made an announcement, that it will promote the Salesforce.com (CRM) software products to its customers in the United States , which will help Salesforce to access Dell’s small and medium sized [SMB] corporate customer base. This is in line with...
12Oct2009 | vitalstocks | 0 comments | Continued(GSK) GlaxoSmithKline Plc Expands Presence in China With Jiangsu Walvax Biotech Joint Venture
GlaxoSmithKline Plc (GSK) continues to expand its presence in China and other emerging markets. Earlier this week, the company formed a joint venture (JV) with Chinese company, Jiangsu Walvax Biotech Company, for the development and production of pediatric vaccines for measles,...
12Oct2009 | vitalstocks | 0 comments | Continued(THI) Tim Hortons Inc. – Estimates Continue to Climb Following its Latest Earnings Report
Tim Hortons Inc.’s (THI) estimates continue to climb following its latest earnings report. Rising Consensus Since Alex wrote about the donut shop a few weeks ago, it has seen 2 upward revisions for both this year and the next. The Zacks Consensus Estimate is up a penny...
12Oct2009 | vitalstocks | 0 comments | Continued(FUQI) FUQI International, Inc. – Full Year Guidance Raised Again
FUQI International, Inc. (FUQI) has soared 96.7% since we last reviewed it as a value stock on June 3. Surprisingly, it still has attractive value characteristics though it’s not nearly as cheap as it was in June. FUQI designs luxury metal jewelry in China. The Chinese...
12Oct2009 | vitalstocks | 0 comments | Continued(PHG) Royal Philips Electronics Misses Consensus Earnings Estimates
Royal Philips Electronics (PHG) reported earnings of 27 cents per share for the third quarter of 2009, below the Zacks Consensus Estimate of 38 cents. Sales amounted to $8.04 billion, a decline of 11% on both nominal and comparable bases. Healthcare sales declined by 4% on a...
12Oct2009 | vitalstocks | 0 comments | Continued(BHI) U.S. Rig Count Continues to Climb
According to data from Baker Hughes Inc. (BHI), the number of rigs searching for oil and gas in the U.S. rose for the week ended Oct. 9, reflecting ramped up drilling activity by the producers amid recent optimism about commodity price recovery. As shown in the first chart below...
12Oct2009 | vitalstocks | 0 comments | Continued(WDC) Western Digital Corporation – Crushed Estimates in Fiscal Fourth Quarter 2009
Western Digital Corporation (WDC) has surprised the last four quarters by an average of 106.19%. The stock has soared off of optimism about the improving technology sector. With earnings results looming, can it keep up the big beats? Company Description Western Digital manufactures...
9Oct2009 | vitalstocks | 0 comments | Continued(SVR) Syniverse Holdings – Top-Rated Company in its Industry
Syniverse Holdings Inc. (SVR) shares have spiked on acquisition news and estimates are climbing. Company Description Syniverse provides technology to the wireless communications industry. The company’s products provide a seamless global network by integrating multiple carriers’...
9Oct2009 | vitalstocks | 0 comments | Continued(CDNS) Cadence Design Systems – Bear of the Day
Cadence Design Systems (CDNS) reported weak results for the second quarter, and blamed the shortfall on softness in EDA spending. We expect that a turnaround is going to take time due to mounting financial problems leading to a lackluster growth. 3Q and 2009 guidance was not...
9Oct2009 | vitalstocks | 0 comments | Continued(C) FDIC Suspicious of Citigroup Review
The U.S. Federal Deposit Insurance Corp (FDIC) is challenging positive conclusions given to Citigroup Inc.’s (C) management in a government-requisitioned review. Some FDIC officials are suspicious about the report, following the interviews of Citi’s management who...
9Oct2009 | vitalstocks | 0 comments | Continued(VAL) Valspar Corporation – Bull of the Day
We are upgrading Valspar Corporation (VAL) shares to Outperform with a target price of $32.00. The company’s solid results and robust margin gains over the past few quarters reflect the dramatic raw material cost reduction Incorporatedreasing product prices and productivity...
9Oct2009 | vitalstocks | 0 comments | Continued(BAC) Bank of America Corporation CEO’s Pension in Question
U.S. pay czar Kenneth Feinberg has been advised by a top U.S. labor group on Thursday to stop the retirement payments to Bank of America Corporation’s (BAC) Chief Executive Ken Lewis, who will leave the company by the end of this year. In a letter, the Service Employees International...
9Oct2009 | vitalstocks | 0 comments | Continued(DAI) Daimler Hopeful about U.S. Truck Market
Daimler (DAI) has revealed its optimism about the U.S. truck market stating that the market has bottomed. The company has predicted that the North American truck market sales would rise 10% in 2010. Citing possible improvement in consumer and housing markets in the U.S. due to...
9Oct2009 | vitalstocks | 0 comments | Continued(MI) Marshall & Ilsley Expects Quarterly Loss
Marshall & Ilsley Corp. (MI) said on Tuesday that it anticipates a third-quarter loss due primarily to a higher loan loss provision for bank holding company loans. The company expects to report a loss of 68 cents to 70 cents per share for the quarter as its allowance for...
9Oct2009 | vitalstocks | 0 comments | Continued(CVX) Chevron’s Positive Upstream Update
Yesterday, after the market close, Chevron Corp. (CVX) released its third-quarter interim update, covering the first two months of the quarter. On the whole, the update is positive, with earnings expected to be higher than in the previous quarter. The company expects the upstream...
9Oct2009 | vitalstocks | 0 comments | Continued(CLI) Mack-Cali Realty Corporation Signs New Lease
Mack-Cali Realty Corp. (CLI), a fully integrated real estate investment trust (REIT), has recently signed a new long-term lease for its 100,000 square feet Class A JV office property at 1 Jefferson Road in Parsippany, New Jersey. The lessee was Day Pitney LLP, a full-service...
9Oct2009 | vitalstocks | 0 comments | Continued(MRO) Marathon Oil Corporation to Hit Upper End of Output
Yesterday, Houston-based integrated oil major Marathon Oil Corporation (MRO) provided an interim update for the third quarter of 2009 (covering the first two months of the quarter). Recovery in crude oil prices is expected to benefit the company’s upstream segment, while...
9Oct2009 | vitalstocks | 0 comments | Continued(KFT) Kraft to Construct New Research and Development Center
Kraft Foods Inc. (KFT), a leading manufacturer and marketer of packaged food and grocery products worldwide, announced its plans to invest about €15 million (approximately $20 million) to establish a new biscuit research and development (R&D) center in Saclay , France...
9Oct2009 | vitalstocks | 0 comments | Continued(RDSA) Royal Dutch Shell to Launch Floating LNG Plant
Royal Dutch Shell (RDSA) today said that it plans to develop two of its offshore Australian gas fields using its floating liquefied natural gas (FLNG) production technology. This technology is a method of cheaper and quicker development of offshore gas reserves. Under the FLNG...
9Oct2009 | vitalstocks | 0 comments | Continued(GLP) Global Partners LP – Beat Estimates by 40%
Global Partners LP (GLP) isn’t showing any sign of slowing down after posting big gains over the last 6 months, recently hitting a new 52-week and all-time high. Company Description Global Partners LP, through its subsidiaries, engages in the wholesale and commercial distribution...
9Oct2009 | vitalstocks | 0 comments | Continued(AEP) Global Warming: How to Profit From Greenhouse Gas Emission Restrictions & Incentives
by David Fessler, Energy and Infrastructure Expert Friday, October 9, 2009: Issue #1112 It’s one of the fiercest debates in the world – both politically and economically. That’s because it concerns the world itself – namely, how to protect it from harmful environmental...
9Oct2009 | InvestmentU | 0 comments | Continued(IBM) International Business Machines – Strong Cash Position as Estimates Holding Steady
International Business Machines Corp. (IBM) just hit a new 52-week high and pays a respectable 1.8% dividend, providing shareholders with a 1-2 punch of capital gains and income. Company Description International Business Machines develops and manufactures information technology...
9Oct2009 | vitalstocks | 0 comments | ContinuedTwo Sagging Economies – Two Laid-Back Banks
by Martin Denholm, Senior Editor Anemic. Stagnant. Plodding. Pick your favorite… it doesn’t matter. They all describe the state of the British and Eurozone economies. Two weeks before the official third quarter U.K. GDP figure is released, the National Institute of Economic...
9Oct2009 | InvestmentU | 0 comments | Continued(CPWR) Compuware Acquires Gomez
Compuware Corp. (CPWR) yesterday announced that it will acquire privately-held Gomez Inc. for $295 million in cash. The acquisition is expected to be completed by November and dilute fiscal 2010 EPS due to an amortization charge of $5 million per quarter. Management expects...
9Oct2009 | vitalstocks | 0 comments | Continued