Archive for October, 2009
(F) Ford United Auto Workers Talk Faces Opposition
Ford’s (F) talk with United Auto Workers (UAW) on modifications to its 2007 labor contract has taken an unpalatable turn, as some members of the union have declined to ratify the changes. Gary Walkowicz – a member of the bargaining committee at the Dearborn Truck Plant in...
27Oct2009 | vitalstocks | 0 comments | Continued(ERJ) Embraer S.A. – Bear of the Day
We are downgrading our recommendation on Embraer (ERJ) from Neutral to Underperform. The international economic environment remains an issue, considering the company’s exposure to the U.S. and Europe. Moreover, the company’s high concentration for some models, with...
27Oct2009 | vitalstocks | 0 comments | Continued($LXK) Lexmark International Inc. – Earnings Surprised by 44.44% in the Third Quarter
Lexmark International, Inc. (LXK) recently surprised on estimates for the third time in four quarters. Lexmark is trading at 10.5x forward earnings. Company Description Lexmark manufactures laser printers, inkjet printers and multifunction imaging and printing devices for the...
27Oct2009 | vitalstocks | 0 comments | Continued(CBD) Companhia Brasileira de Distribuicao – Third Quarter Same-store Sales Jumped 9.7%
Companhia Brasileira de Distribuicao (CBD) is expected to show earnings growth of 23.22% this year as the Brazilian economy rebounds from the global recession. Analysts expect 5-year sales growth of 19.75%. Company Description Companhia Brasileira de Distribuicao, otherwise known...
27Oct2009 | vitalstocks | 0 comments | Continued(CNX) Consol Energy Posts In-line Results
Consol Energy Inc. (CNX) posted earnings from continuing operations of 48 cents in the third quarter, lower than the Zacks Consensus Estimate of 64 cents and almost in line with 49 cents reported a year ago. The slight decrease versus last year was due to lower thermal coal production,...
27Oct2009 | vitalstocks | 0 comments | Continued(ETR) Entergy Corporation Misses by a Nickel
Entergy Corporation (ETR) in the third quarter of fiscal 2009 reported EPS of $2.40 — a nickel below the Zacks Consensus EPS estimate of $2.45. Year-over-year EPS fell by a dime. The downside came from lower top line and higher expenses at its Utility, Parent & Other...
27Oct2009 | vitalstocks | 0 comments | Continued(WHR) Whirlpool Corporation Profits Plummet 47%
Whirlpool Corporation (WHR) has revealed a 47% drop in its profit to $87 million or $1.15 per share for the third quarter of the year, from $163 million or $2.15 per share in the prior-year quarter. Excluding special items, earnings were 65 cents per share, below the Zacks Consensus...
27Oct2009 | vitalstocks | 0 comments | Continued(FO) Tough Third Quarter for Fortune Brands
Fortune Brands Inc. (FO) reported third quarter earnings of 82 cents per share. Although earnings were well above the Zacks Consensus Estimate of 63 cents, they were down 59.8% year-over-year. Net sales for the quarter declined 10.6% year-over-year to $1.72 billion, primarily...
27Oct2009 | vitalstocks | 0 comments | Continued(CHK) Legging Into a Spread: An Option Strategy That Makes The Market Pay You
by Karim Rahemtulla, Advisory Panelist Friday, October 23, 2009: Issue #1122 It’s always rewarding to notch up a big win on a trade – be it a stock, option, or otherwise. But before you pull the trigger, consider that you may be leaving money on the table. However, there...
27Oct2009 | InvestmentU | 0 comments | Continued(XOM) ExxonMobil Has the Eye of the Tiger
Tony Daltorio, Investment U Research ExxonMobil (NYSE: XOM) is one of those companies people love to hate. The firm racks up billions in profits each year, yet it’s been sluggish to develop green technologies (although that’s slowly changing now), despite a $600 million...
27Oct2009 | InvestmentU | 0 comments | Continued(DO) Diamond Offshore Drilling Keeps Special Dividend
Diamond Offshore Drilling Inc. (DO) reported its third quarter earnings of $2.62 per share, compared to the Zacks Consensus Estimate of $2.28 and year-earlier earnings of $2.23. Total revenue of $908.4 million for the quarter increased marginally year over year, mainly driven...
27Oct2009 | vitalstocks | 0 comments | Continued(DM) Dolan Media Company – Revenues Soared 61.3% in the Second Quarter
Dolan Media Company (DM) is making big profits from its counter cyclical mortgage default processing services. The company has surprised on estimates the last 3 quarters by an average of 36.30%. Dolan Media trades with a PEG ratio of 0.87. Company Description Dolan Media provides...
27Oct2009 | vitalstocks | 0 comments | Continued(LUV) U.S. Airlines Industry – Zacks Analyst Interviews
The U.S. Airlines industry has gone through several ups and downs in the past five years. Major negative influences on the industry included skyrocketing oil prices since 2005, economic recession in the U.S. since 2008, global economic downturn in 2009 and the “swine flu”...
27Oct2009 | vitalstocks | 0 comments | Continued(AAPL) Apple, Inc. – Estimates jumped higher after the good quarter
Apple, Inc. (AAPL) reported strong third-quarter results on Oct 20 that were better than expected, driven by the second highest quarterly revenue in the company’s history. Company Description Apple, Inc. develops and manufactures personal computers and portable digital...
27Oct2009 | vitalstocks | 0 comments | Continued(SFG) StanCorp Financial Group a Penny Ahead
StanCorp Financial Group Inc.’s (SFG) third quarter earnings of $1.21 per share were just a penny ahead of the Zacks Consensus Estimate of $1.20 per share. The company had earned $1.46 per share in the year-ago quarter. High unemployment rate and rising joblessness continue...
26Oct2009 | vitalstocks | 0 comments | Continued(THRX) Theravance Earns Milestone Payment
Recently, Theravance (THRX) received a milestone payment of $20 million from its partner Astellas Pharma. The payment follows the U.S. Food and Drug Administration (FDA) approval of Vibativ (telavancin) and for supplying Astellas Pharma with the launch inventory for the first...
26Oct2009 | vitalstocks | 0 comments | Continued(VCLK) ValueClick to Report In-line With Forecasts
ValueClick Inc. (VCLK) is set to announce its third quarter results on Oct 27. We expect the company to report in-line third quarter results, if not higher than the guidance, due to the continued deterioration in the lead generation business. Headquartered in Westlake Village,...
26Oct2009 | vitalstocks | 0 comments | Continued(KWK) Quicksilver Resources’ Borrowing Base Approved
Quicksilver Resources Inc. (KWK) recently announced that its bank group has confirmed a borrowing base of $1 billion for the company’s senior secured revolving credit facility, based upon oil and gas reserves as of Aug 31, 2009. The company has $500 million drawn under...
26Oct2009 | vitalstocks | 0 comments | Continued(ACL) Alcon Continues to Grow Pipeline
Alcon, Inc. (ACL) recently entered into an in-licensing agreement with Potentia Pharmaceuticals, a privately-held biotechnology company that focuses on the development of medicines for the treatment of age-related macular degeneration (AMD). Alcon gained the right to develop...
26Oct2009 | vitalstocks | 0 comments | Continued(R) Ryder System Beats, Remains Challenged
Ryder System Inc. (R) reported adjusted earnings per share [EPS] of 50 cents for the third-quarter 2009, exceeding the Zacks Consensus Estimate of 45 cents. However, adjusted EPS declined 60% year over year from $1.26, due to lower earnings from the Fleet Management Solutions...
26Oct2009 | vitalstocks | 0 comments | Continued(LO) Lorillard Reports Mixed Results
Lorillard Inc. (LO) reported results for the third quarter of fiscal 2009 with earnings of $1.44 per share. Although earnings were below the Zacks Consensus Estimate of $1.52, they were up 4.3% year over year. Net sales for the quarter (including the excise tax) increased 26.1%...
26Oct2009 | vitalstocks | 0 comments | Continued(SPWRA) SunPower Corporation Surpasses, Trims Outlook
SunPower Corporation (SPWRA) has reported third quarter earnings of 28 cents per share, a penny above the Zacks Consensus Estimate of 27 cents. However, the company trimmed its outlook for fiscal 2009. The company revised its revenue guidance for fiscal 2009 to be in the range...
26Oct2009 | vitalstocks | 0 comments | Continued($HON) Honeywell International Beats Forecasts
Honeywell International Inc. (HON) reported third quarter 2009 sales of $7.7 billion versus $9.3 billion in the third quarter last year. Earnings were 80 cents per share compared to 97 cents per share in the third quarter of 2008. This was higher than the Zacks Consensus Estimate...
26Oct2009 | vitalstocks | 0 comments | Continued(BJRI) Earnings Up for BJ’s Restaurants
Despite a turbulent economy and rising unemployment, BJ’s Restaurants, Inc. (BJRI) sustained its growth momentum in fiscal year 2009. The casual dining operator’s third-quarter 2009 profit soared 55.3% year-over-year to $3.2 million. BJ’s quarterly earnings of 12 cents...
26Oct2009 | vitalstocks | 0 comments | Continued(GSK) Glaxo’s Cervarix Gets Positive Recommendation From Centers for Disease Control and Prevention
GlaxoSmithKline (GSK) recently received a positive recommendation from the U.S. Centers for Disease Control and Prevention’s (CDC’s) Advisory Committee on Immunization Practices (ACIP) for its cervical cancer vaccine, Cervarix. The CDC has recommended that Cervarix...
26Oct2009 | vitalstocks | 0 comments | Continued(OMAB) Grupo Aeroportuario Posts Positive Results
Earlier this week, Grupo Aeroportuario del Centro Norte (OMAB) reported encouraging results for the third quarter of 2009. With the occurrence of swine flu in the Mexico City Airport Terminal 2 Hotel during the quarter, the company took a decisive step in the development of additional...
26Oct2009 | vitalstocks | 0 comments | Continued(CEPH) Cephalon’s Nuvigil Faces Generic Threat Teva Pharmaceuticals
Cephalon, Inc. (CEPH) recently received a Paragraph IV Certification Notice Letter regarding an Abbreviated New Drug Application (ANDA), which has been filed by Teva Pharmaceuticals (TEVA) with the U.S. Food and Drug Administration (FDA). Generic player, Teva, is looking to market...
26Oct2009 | vitalstocks | 0 comments | Continued(ALGN) Align Technology Report Tops Estimates
Align Technology Inc. (ALGN) yesterday reported financial results for the third quarter of fiscal 2009. Earnings per share were 13 cents, surpassing the Zacks Consensus Estimate of 5 cents and the year-ago earnings of 11 cents. Net Sales Net sales increased 5.4% year over year...
26Oct2009 | vitalstocks | 0 comments | Continued(DOV) Dover Corporation Tops Consensus
Industrial conglomerate, Dover Corporation (DOV), announced third quarter results. The company reported earnings of 58 cents per share for the quarter, above the Zacks Consensus Estimate of 48 cents. However, third quarter EPS was down 43% year-over-year. Quarterly revenue fell...
26Oct2009 | vitalstocks | 0 comments | Continued(DOW) Dow Chemical Company Gears Up in Third Quarter
Chemical giant Dow Chemical Company (DOW) earned 24 cents per share in the third quarter 2009, significantly better than the Zacks Consensus Estimate of 9 cents and 5 cents reported in the previous quarter, driven by cost reduction and asset sales. However, year over year, earnings...
26Oct2009 | vitalstocks | 0 comments | Continued