Archive for October, 2009
(PLD) ProLogis Announces Third Spanish Solar Project
ProLogis (PLD), one of the leading global providers of distribution facilities, has recently announced its third new 4.8 megawatt solar project in Spain as part of its renewable energy program. The solar project would be installed on eight rooftops at ProLogis Park Sant Boi in...
6Oct2009 | vitalstocks | 0 comments | Continued(DEJ) Dejour Enterprises Coverage Initiated at Neutral
Our report initiating coverage of Dejour Enterprises (DEJ) by Zacks Energy Analyst Richard R. Wolfe, CFA is now available at zacks.com and all major financial news services. Mr. Wolfe states, “We are initiating coverage at Neutral with a 12-month price target of US$1.01....
6Oct2009 | vitalstocks | 0 comments | Continued(RY) Royal Bank of Canada to Buy JPMorgan’s RIA Unit
Royal Bank of Canada (RY) announced yesterday that it has agreed to acquire JPMorgan Chase & Company’s (JPM) third-party registered investment advisor (RIA) servicing business. Royal Bank of Canada (or RBC) took this step to expand its U.S. wealth management division. Following...
6Oct2009 | vitalstocks | 0 comments | Continued(ALTH) Allos Therapeutics Earns Accelerated Drug Approval
In a major breakthrough, Allos Therapeutics (ALTH) received FDA-accelerated approval for Folotyn (pralatrexate injection) last week. The company was seeking approval of the drug for the treatment of patients with relapsed or refractory peripheral T-cell lymphoma (PTCL). Folotyn...
6Oct2009 | vitalstocks | 0 comments | Continued(GCI) Gannet Rallies on Earnings Outlook
The shares of Gannett Co., Inc. (GCI) rallied after the news of its better-than-expected third quarter profit hit the market. The shares of Gannett rocketed to close at $11.74 on Sep 29, 2009 , up nearly 17.6% from the previous day’s close. Gannett, the largest newspaper publisher...
6Oct2009 | vitalstocks | 0 comments | Continued(PCX) Patriot Coal’s Analyst Rating Stays Neutral
St. Louis-based Patriot Coal (PCX) is a leading coal producer in the eastern U.S., having substantial thermal as well as metallurgical coal reserves in the Appalachian region. Appalachian coal receives a premium to other regions in the U.S. due to high heat content (i.e. high...
6Oct2009 | vitalstocks | 0 comments | Continued(F) After “Cash for Clunkers,” September Auto Sales Weaken
The U.S. auto industry witnessed waning auto sales during September as the U.S. Government’s “Cash for Clunkers” program (hereafter, CFC) ended its run in August. The CFC was a $3 billion cash incentive program, introduced in late July and ended August 24. The program...
6Oct2009 | vitalstocks | 0 comments | Continued(DKS) Dick’s Sporting Goods – Rare Retail Example Posting Year-Over-Year Revenue Growth
Dick’s Sporting Goods (DKS) is one of the few companies in the challenging consumer environment that is posting year-over-year revenue growth. Company Description Dicks Sporting Goods, Inc. is a sporting goods retailer that sells sporting goods for men, woman and children....
6Oct2009 | vitalstocks | 0 comments | Continued(D) Dominion Resources Asks FERC to Begin Pre-Filing for its Appalachian Gateway Project
Dominion Resources, Inc. (D) has asked the Federal Energy Regulatory Commission (FERC) to start pre-filing process for its Appalachian Gateway Project. The proposed project will transport natural gas produced in West Virginia and southwest Pennsylvania to storage fields and pipelines...
6Oct2009 | vitalstocks | 0 comments | Continued(BAX) Baxter International’s H1N1 Vaccine Gets a Boost
Baxter International Inc. (BAX) announced that the European Medicines Agency (EMEA) opined positively for Baxter’s CELVAPAN H1N1 pandemic vaccine, commonly known as the Swine Flu vaccine. This is a boost for Baxter’s regulatory submission to obtain final marketing authorization...
6Oct2009 | vitalstocks | 0 comments | Continued(EQR) Homeownership Rate Falling
Coming out of most economic downturns, homebuilding is one of the key locomotives to power the economy. Housing is sort of the ultimate durable good, where during downturns demand builds up, and then has a powerful upward force on the economy as the pent-up demand is released. Given...
6Oct2009 | vitalstocks | 0 comments | Continued($FSLR) First Solar to Sell Solar Plant to Enbridge Inc
First Solar Inc. (FSLR) has recently entered into an agreement with Enbridge Inc. (ENB). As per the agreement, Enbridge will acquire First Solar’s 20MW solar energy project under construction near Sarnia, Ontario. The Sarnia solar energy project is expected to be completed...
6Oct2009 | vitalstocks | 0 comments | Continued(TUP) Tupperware Brands Corporation – Earnings Consensus Moves Up Strong
Tupperware Brands Corporation (TUP) is showing solid fundamental growth, which is translating into a surging share price. TUP has outpaced the broader market over the past year and since reporting as its share price closes in on a 52-week high. Bullish Forecasts Tupperware Brands...
6Oct2009 | vitalstocks | 0 comments | Continued(NVDA) NVIDIA Partners with Adobe Systems on Graphics Acceleration for the Flash Player
Today NVIDIA Corporation (NVDA) in partnership with Adobe Systems Incorporated (ADBE) announced GPU video and graphics acceleration for the Flash player, bringing Internet video to a new class of low-power and high-end PCs and Internet devices. Together, NVIDIA GPUs including...
6Oct2009 | vitalstocks | 0 comments | Continued(GYMB) The Gymboree Corporation – 1-year Return on Equity of 27.49%
The Gymboree Corporation (GYMB) kept its earnings beat winning streak alive in August when it surprised on the Zacks Consensus Estimate, once again, by 7.89%. The company has now beaten 6 quarters in a row. Analysts continue to be bullish about the children’s clothing retailer...
6Oct2009 | vitalstocks | 0 comments | Continued(PCLN) Priceline.com – Estimates Inching Higher – PEG Ratio is 1.3
Priceline.com Inc. (PCLN) has been a solid performer since it was featured in August as a Zacks Rank Buy. Company Description Priceline.com is a web-based discount travel service. The company allows customers to choose their own prices on air fare, hotels, and other vacation...
6Oct2009 | vitalstocks | 0 comments | Continued($BAC) Bank of America to Pay TARP Dividends
Bank of America Corporation (BAC) said on Friday that it will pay $713 million in dividends on preferred stock issued to the Treasury Department in relation to its participation in the Troubled Asset Relief Program (TARP) last year. Through the end of September, the bank has...
6Oct2009 | vitalstocks | 0 comments | Continued(HBAN) U.S. Bank Failure Tally Reaches 98
The recession continues to weigh heavily on banks as U.S. regulators on Friday shuttered three more banks in Michigan, Minnesota and Colorado. This takes the total number of failed federally insured banks this year to 98, compared to 25 in 2008 and 3 in 2007. The failed banks...
6Oct2009 | vitalstocks | 0 comments | Continued(BHI) Another Gain in U.S. Drilling Rig Count
In its weekly release on Friday, Baker Hughes Inc. (BHI) reported another rise in the number of rigs searching for oil and gas in the U.S., as producers ramped up drilling activity in anticipation of better prices. The number of units exploring and producing in the U.S. climbed...
6Oct2009 | vitalstocks | 0 comments | Continued(QCOM) Qualcomm’s Snapdragon Platform Expanding
Qualcomm Inc (QCOM) has decided to enhance the performance of Flash Player 10.1 multimedia features for all chipsets based on its Snapdragon platform. Qualcomm has developed smart-book and smart-phone chipsets based on state-of-the-art Snapdragon platform technology. A path-breaking...
6Oct2009 | vitalstocks | 0 comments | Continued(INTC) Semiconductor Industry Association Says Chip Sales Grew in August
According to the latest news from the Semiconductor Industry Association (SIA), worldwide sales of semiconductors increased 5% sequentially in August, although they were down 16.1% year over year. The rate of decline has slowed in the first six months of 2009, and sales declined...
6Oct2009 | vitalstocks | 0 comments | Continued(CVH) Coventry Health Care in Expansion Mode
Early this morning, Coventry Health Care Inc. (CVH) announced that it has agreed to acquire Preferred Health Systems, Inc. (commonly referred to as PHS), the wholly-owned health insurance subsidiary of Via Christi Health System, Inc. PHS is based in Wichita, Kansas. It is a commercial...
6Oct2009 | vitalstocks | 0 comments | Continued(MRK) Mixed News for Merck Drug
Last week, Merck (MRK) received a favorable opinion from the European Medicines Agency’s (EMEA) Committee for Medicinal Products for Human Use (CHMP) for its diabetes drugs Januvia (sitagliptin) and Janumet (sitagliptin and metformin). The committee recommended the drugs...
3Oct2009 | vitalstocks | 0 comments | Continued(DVAX) Dynavax Technologies Resumes Hepatitis Study
Yesterday, Dynavax Technologies Corp. (DVAX) announced that it has resumed the late-stage registration trial of its hepatitis B (HBV) vaccine Heplisav in patients with chronic kidney disease. The trial will enroll 600 patients. Heplisav will be tested against GlaxoSmithKline...
3Oct2009 | vitalstocks | 0 comments | Continued(MBI) MBIA Incorporated Slashed Sub-Investment Grade
Note: We are re-issuing this post after correcting a mistake in the original post that ran yesterday. As a result of another sign of dwindling confidence about MBIA Incorporated’s (MBI) business prospects, Standard & Poor’s (S&P) has downgraded its ratings on...
3Oct2009 | vitalstocks | 0 comments | Continued(USB) US Bank Easing Overdraft Penalties
US Bank, a subsidiary of Minneapolis-based U.S. Bancorp (USB), has recently announced easing of its overdraft penalties. The bank is modifying its service charge policies for checking accounts which will become effective in the first quarter of 2010. U.S. Bank will eliminate...
3Oct2009 | vitalstocks | 0 comments | Continued(BSX) Boston Scientific Corporation Settles Patent Infringement With Johnson & Johnson
Boston Scientific Corporation (BSX) yesterday announced that it will settle fourteen patent infringement lawsuits against Johnson & Johnson (JNJ) related to the use of stents in treating heart disease for $716.3 million. The company will make use of cash held in its legal...
3Oct2009 | vitalstocks | 0 comments | Continued(HITK) Top Performer for Wed: Hi-Tech Pharmacal- Zacks #1 Rank Top Performers
Hi-Tech Pharmacal Co., Inc. (HITK) enjoyed a strong performance from generic pharmaceuticals in its fiscal first quarter, leading to a sharp earnings surprise and large revenue growth. With a gain of only around 3.8%, HITK is a top-performing Zacks #1 Rank company today. Volume...
3Oct2009 | vitalstocks | 0 comments | Continued(HGG) hhgregg, Inc.: The Only Retail Stock Worth Buying Right Now
by Louis Basenese, Advisory Panelist For the first time in six months, retail sales ticked higher in August. Granted, it wasn’t by much – a scant 0.7% higher than July. But it’s inevitable that consumers will eventually get back to their spending ways as this recession...
3Oct2009 | InvestmentU | 0 comments | Continued(T) AT&T to Market GPS Smartphone
AT&T (T) announced the launch date of Garmin Ltd.‘s (GRMN) long-awaited GPS smartphone yesterday. The second-largest US carrier will be the exclusive distributor of the device (called “nuvifone G60″) in the US starting Oct 4, 2009. This will end a more than...
3Oct2009 | vitalstocks | 0 comments | Continued