Archive for November, 2009
(JLL) Jones Lang LaSalle Incorporated is P&G’s Supplier of the Year
Jones Lang LaSalle Incorporated (JLL), a leading full-service real estate firm that provides corporate, financial and investment management services, has been recently selected as the “Supplier of the Year” by Procter & Gamble Co. (PG) for the second consecutive...
18Nov2009 | vitalstocks | 0 comments | Continued(DK) As U.S. Refiners Recover, Delek U.S. Holdings Jumps to the Next Level
by Sheena Martin, Contributing Editor Even as U.S gas prices climb, petroleum traders still have no interest in buying right now. And why would they? The summer driving season is at an end. Consumers are still trying to save cash, especially with the holidays approaching....
18Nov2009 | InvestmentU | 0 comments | Continued(ALV) Autoliv to Acquire Assets From Delphi
Autoliv (ALV) will enhance its vertical integration capability by acquiring the Occupant Protection Safety (OPS) assets from Michigan-based auto parts manufacturer, Delphi Corporation, formerly a subsidiary of General Motors (MTLQQ). Earlier this year, Delphi has announced its...
18Nov2009 | vitalstocks | 0 comments | Continued(DHR) Danaher Corporation Unit Gilbarco Veeder-Root Seals Another Acquisition
Gilbarco Veeder-Root, a wholly owned unit of Danaher Corporation (DHR), agreed to buy a petroleum dispensing pump (PDP) unit from Larsen & Toubro (L&T) in India. The PDP business unit manufactures, sells, integrates and services petroleum dispensers, LPG equipment, and...
18Nov2009 | vitalstocks | 0 comments | Continued(S) Sprint Expands 4G Network – Reduces Debt
Sprint Nextel (S) has expanded its fourth-generation (4G) wireless broadband network to two more US cities. The third largest US carrier has officially launched commercial services in San Antonio and Austin in Texas. The company’s 4G services now covers about 25 markets in...
18Nov2009 | vitalstocks | 0 comments | ContinuedWhere’s That Cracking Sound Coming From?
by Robert Williams, Publisher Wednesday, November 18, 2009 When I saw the latest cover of BusinessWeek – “Why the Commercial Real Estate Crisis Looks So Scary” – I immediately fired off a text to my friend and Investment U colleague, David Fessler. “We scooped ‘em...
18Nov2009 | InvestmentU | 0 comments | Continued(DHI) Housing Starts and Building Permits Plunge
In October, Housing Starts fell to a seasonally adjusted annual rate of just 529,000, a 10.6% decline from September and down 30.7% from a year ago. That puts housing starts at their lowest level since April, and takes a lot of steam out of the incipient economic recovery. Most...
18Nov2009 | vitalstocks | 0 comments | Continued(MDT) Medtronic Launches New Product for Complex Pinal Procedures
Medtronic Inc. (MDT) recently launched a new TSRH 3Dx Spinal System, which is a hook, rod and screw system used in complex spinal procedures. The system offers two screws designed to address multiple pathologies. The Multi Planar Adjusting (MPA) Screw gives surgeons the flexibility...
18Nov2009 | vitalstocks | 0 comments | Continued(EMN) Eastman Chemical Company Boosts Guidance
Eastman Chemical Co. (EMN) has raised its full year 2009 earnings guidance to $3.50 per share from the initial guidance of $2 to $3 per share, driven by an expected strong growth in its core business. The company is hoping to deliver about 20% or over $6 per share growth in annual...
18Nov2009 | vitalstocks | 0 comments | Continued(F) Consumer Price Index Up on Cars and Energy
The Consumer Price Index (CPI) for October rose by 0.3%, a little bit hotter than the 0.2% that was expected. If one strips out volatile food and energy prices to get the core consumer price index, prices were up 0.2%, also one tick higher than the 0.1% expected. A rise in energy...
18Nov2009 | vitalstocks | 0 comments | Continued(ADSK) Autodesk Beats Earnings Consensus – Forward Guidance Mixed
Autodesk Inc. (ADSK) third quarter earnings beat the Zacks Consensus Estimate but fell below the year-ago levels. However, earnings increased sequentially due to higher cost controls. The company reported net income on a non-GAAP basis of $63.1 million in the third quarter of...
18Nov2009 | vitalstocks | 0 comments | Continued(UAUA) United Airlines’ Parent UAL Corporation Raises Funds
UAL Corporation (UAUA), the parent company of United Airlines, has announced the issue of $810 million notes to pay off existing debt. The $810 million in pass-through securities raised consists of $697 million of Class A certificates with a coupon interest rate of 9.75% expiring...
18Nov2009 | vitalstocks | 0 comments | Continued(HOT) Hotels and Lodging – Industry Outlook
The operating environment in the hotels and lodging sector has continued to deteriorate in the last few quarters, and we expect hotel industry operating metrics to remain stretched in the near term. As the recession continues, both business and leisure travelers are cutting back...
18Nov2009 | vitalstocks | 0 comments | Continued($SHLD) Sears Holdings – Bear of the Day
Sears Holdings’ (SHLD) vulnerability to continued economic downturn is adversely affecting its top-line growth. The company recorded an 8.6% decline in same-store sales and closed 28 non-performing stores during fiscal 2009 second quarter amid a slump in the housing sector...
18Nov2009 | vitalstocks | 0 comments | Continued(NGSX) NeurogesX – Bull of the Day
NeurogesX (NGSX) received some very good news this week when the U.S. FDA approved Qutenza for the management of postherpetic neuralgia (PHN). Management will now move forward with preparing for the commercial launch during the first half of 2010. Securing reimbursement and hiring...
18Nov2009 | vitalstocks | 0 comments | Continued($DRYS) DryShips Inc. – Earnings Surprised by 28.57% in the Third Quarter
DryShips Inc. (DRYS) is now a Zacks #1 Rank (strong buy) stock as estimates rise after a tough year where earnings per share dropped by 90%. The stock is now cheap, trading at just 6.6x forward earnings. Company Description DryShips operates drybulk carriers and offshore oil...
18Nov2009 | vitalstocks | 0 comments | Continued(CMN) Cantel Medical Corporation – Net Income Up 65%
Cantel Medical Corp (CMN) posted yet another earnings surprise with a 65% increase in net income. Company Description Cantel makes medical products to prevent and control infections. The products are sold globally and range from water purification to disposable items like masks,...
18Nov2009 | vitalstocks | 0 comments | Continued(CGA) China Green Agriculture – Margins Expand – Strong Balance Sheet
China Green Agriculture, Inc. (CGA) is once again pressuring its 52-week high after jumping higher on a recent third-quarter earnings surprise. Company Description China Green Agriculture, Inc., through its subsidiaries, develops and manufactures specialty fertilizers in China....
18Nov2009 | vitalstocks | 0 comments | Continued(ECA) EnCana Corporation Misses Consensus – Profit Tumbles
EnCana Corporation (ECA) – a major Canadian oil and gas exploration and production (E&P) company – reported weak third quarter results, hit by lower prices and volumes. Operating earnings per share, excluding hedging and foreign exchange effects, came in at $1.03. This...
18Nov2009 | vitalstocks | 0 comments | Continued(JEC) Jacobs Engineering Group Reports Lower Earnings
Yesterday, Jacobs Engineering Group Inc. (JEC) announced expected financial results for the fiscal year and fourth quarter ended October 2, 2009, considering the difficult economic environment. Net earnings were $399.9 million, or $3.21 per diluted share compared to $420.7 million...
18Nov2009 | vitalstocks | 0 comments | Continued(CNS) Overvalued Stocks: Don’t Touch These Bloated Investments With a 10-Foot Pole
by Marc Lichtenfeld, Healthcare Expert Wednesday, November 18, 2009: Issue #1140 To celebrate my parents’ anniversary, I took the family to see Grease last weekend. As musical theater buffs, I figured that they’d love the seeing the show, especially with my kids who had...
18Nov2009 | InvestmentU | 0 comments | Continued(MWE) MarkWest Energy Partners L.P. Profit Report Lags Estimates
MarkWest Energy Partners L.P. (MWE), a master limited partnership (MLP), reported weaker-than-expected third quarter results. Earnings per unit came in at 13 cents, which fell way short of the year-ago result at $3.24 and also missed the Zacks Consensus Estimate of 15 cents....
17Nov2009 | vitalstocks | 0 comments | Continued(SINA) SINA Corporation Beats Forecasts
After market closed, SINA Corp. (SINA) reported revenues of $96.4 million in the third quarter of 2009. Revenues was down 8.6% year over year but was up 6.8% sequentially. Revenues exceeded the company’s guidance of $91.0 – $94.0 million and easily beat the Zacks Consensus...
17Nov2009 | vitalstocks | 0 comments | Continued(PSUN) Pacific Sunwear of California Loss Widens – Beats Estimates
Pacific Sunwear of California Inc. (PSUN) reported fiscal third quarter results after the closing opening bell on Monday. The company posted a wider net loss of $10.9 million, or 17 cents per share, compared to a loss of $2.5 million, or 4 cents per share in the year-ago period....
17Nov2009 | vitalstocks | 0 comments | Continued(TJX) TJX Companies Beats Consensus and Raises Guidance
Discount retailer TJX Companies, Inc. (TJX) reported results for the third quarter of fiscal 2010. The company posted quarterly earnings of 81 cents per share, slightly above the Zacks Consensus Estimate of 79 cents and approximately 42% higher than the year-ago period. Net sales...
17Nov2009 | vitalstocks | 0 comments | Continued(TGT) Target Corporation’s Earnings Top Estimates
Target Corporation (TGT) recently reported better-than-expected third-quarter 2009 results. Net earnings for the quarter jumped 18.4% year-over-year to $436 million, on the heels of a 5.5% decline in credit card expenses, an 18.3% fall in net interest expense, and lower effective...
17Nov2009 | vitalstocks | 0 comments | Continued(ITT) ITT Corporation’s Earnings Report Beats Estimates
ITT Corporation (ITT) reported third quarter 2009 net income from continuing operations of $190 million or $1.03 per share, exceeding the Zacks Consensus Estimate of 89 cents. The results included the effects of improved operating performance primarily driven by productivity...
17Nov2009 | vitalstocks | 0 comments | Continued(GSK) Anti-Smoking Vaccine Offered by GlaxoSmithKline
GlaxoSmithKline (GSK) and Nabi Biopharmaceuticals (NABI) signed a licensing agreement for a nicotine conjugate vaccine (NicVAX) as well as for the development of a second generation nicotine vaccine. NicVAX is an investigational vaccine for the treatment of nicotine addiction...
17Nov2009 | vitalstocks | 0 comments | Continued(HGSI) Human Genome Sciences’ ABthrax Faces FDA Delay
Recently, Human Genome Sciences Inc. (HGSI) announced that the U.S. Food and Drug Administration (FDA) delayed the approval of ABthrax (raxibacumab), the company’s candidate for anthrax treatment, asking for additional information pertaining to the drug. The agency issued a...
17Nov2009 | vitalstocks | 0 comments | Continued($GG) Goldcorp Aquires Canplats Resources to Expand into Mexico
The world’s second largest gold producer by market value, Goldcorp Inc (GG) is acquiring gold miner Canplats Resources Corp for about C$238 million ($229 million) to establish a network of satellite mines around its Penasquito gold project in Mexico. Each Canplats share would...
17Nov2009 | vitalstocks | 0 comments | Continued