Archive for November, 2009
(TM) Imported Goods Surge in September
In September, the trade deficit expanded to $36.5 billion — an increase of $5.7 billion or 18.5% over August. This was a much bigger increase than was expected, as consensus expectations were for a deficit of $31.8 billion. Since the trade deficit is a direct input into...
14Nov2009 | vitalstocks | 0 comments | Continued(GSK) GlaxoSmithKline plc Has Their H1N1 Vaccine Approved
GlaxoSmithKline plc (GSK) recently received approval from the U.S. Food and Drug Administration (FDA) for its unadjuvanted influenza A (H1N1) pandemic vaccine. The FDA approved the supplemental biologics license application (sBLA), which was filed as a strain change supplement...
14Nov2009 | vitalstocks | 0 comments | Continued(GT) Goodyear Tire Hikes Prices
Goodyear Tire (GT) announced its first price increase in more than a year on the back of higher raw material costs. The company has raised the price of tires sold in North America by 6% on top of a 10% price rise in September last year. Goodyear has declined to specify the types...
14Nov2009 | vitalstocks | 0 comments | Continued(CFN) CareFusion Corporation Enters Agreement with Masimo
CareFusion Corp. (CFN) entered into a multi-year technology licensing agreement with Masimo Corp. (MASI) regarding the use of Masimo Rainbow SET Pulse CO-Oximetry technology in CareFusion infusion and respiratory products, which are presently under development. The agreement...
14Nov2009 | vitalstocks | 0 comments | Continued(BA) Boeing Rolls Out First 747-800 Freighter
The Boeing Company (BA) towed the first 747-8 Freighter model out of its factory in Everett. The long-awaited freighter is now being put up for test flights. The 747-8 Freighter is the new high-capacity 747 that will give cargo operators the lowest operating costs and best economics...
14Nov2009 | vitalstocks | 0 comments | ContinuedAmerican Refiners Have a Problem – And the Government is Making it Worse
by Sheena Martin, Investment U Contributing Editor America’s refining companies are under severe financial pressure. As the recession has blanketed the markets, demand for petroleum products has collapsed, causing refiners to scale back production. And a bill currently...
14Nov2009 | InvestmentU | 0 comments | Continued(HOLX) Hologic Beats Consensus Earnings Estimates
Hologic, Inc. (HOLX) reported fourth-quarter earnings of 28 cents per share, which beat the Zacks Consensus Estimate of 26 cents. The company earned 30 cents in the year-ago quarter. For full fiscal 2009, the company earned $1.17 per share, which was above the Zacks Consensus...
12Nov2009 | vitalstocks | 0 comments | Continued(FE) FirstEnergy Corporation’s Nuclear License Extended
FirstEnergy Nuclear Operating Co., a subsidiary of FirstEnergy Corp. (FE), received a 20-year license extension for the Beaver Valley Power Station Unit 1 and Unit 2 in Shippingport, Pennsylvania. The Nuclear Regulatory Commission (NRC) granted the license renewal after thorough...
12Nov2009 | vitalstocks | 0 comments | Continued(GOL) GOL Linhas Aereas Inteligentes S.A. Posts Encouraging Results
GOL Linhas Aereas Inteligentes S.A. (GOL) has announced encouraging results for the third quarter of 2009. The company posted net income of R$77.9 million, with a net margin of 5.2%, versus a net income of R$353.7 million in the previous quarter and a net loss of R$510.7 million...
12Nov2009 | vitalstocks | 0 comments | Continued(PCU) Southern Copper Corporation’s Earnings Jump
Southern Copper Corporation (PCU), one of the leading copper producers in the world, posted net earnings of 37 cents in the third quarter of 2009, better than the Zacks Consensus Estimate of 31 cents. Earnings jumped 78.6% from 21 cents sequentially while it declined 22.3% from...
12Nov2009 | vitalstocks | 0 comments | Continued(MTL) Mechel OAO Recovers
Mechel OAO (MTL), one of Russia’s leading mining and metallurgical companies, has reported results for its second quarter and first half of 2009. For the first half of 2009, Mechel reported revenues of $2.4 billion, down 54% from the year-ago period. The company reported net...
12Nov2009 | vitalstocks | 0 comments | Continued(LFL) Brazilian Airlines Flying Higher
Earlier this week, LAN Airlines S.A. (LFL) and its subsidiaries released its preliminary monthly traffic statistics and punctuality indicators for October. Passenger traffic rose 15.7% year over year while capacity jumped 10.1%. Its load factor increased 3.9 points to 80.2%. International...
12Nov2009 | vitalstocks | 0 comments | Continued(C) Citigroup Management Defends Asset Valuation
Citigroup Inc.’s (C) management indicated that it is comfortable with its valuation for an asset that is expected to be written down by an accounting expert. Citigroup has a roughly $38 billion deferred tax asset, which essentially represents expected cash flow from future...
12Nov2009 | vitalstocks | 0 comments | Continued(CXW) Corrections Corporation of America Beats by a Penny
Corrections Corporation of America (CXW) reported a third quarter profit of 33 cents per share. Results beat the Zacks Consensus Estimate of 32 cents. The company had earned a profit of 33 cents in the year-ago quarter. However Incorporatedluding an unusual income tax benefit...
12Nov2009 | vitalstocks | 0 comments | Continued(TGI) Triumph Group Prices Senior Notes Offering
Yesterday, Triumph Group, Inc. (TGI) priced its previously announced offering of $175 million aggregate principal amount of senior subordinated notes due in 2017. The notes will have an interest rate of 8% per annum and are being issued at a price equal to 98.56% of their face...
12Nov2009 | vitalstocks | 0 comments | Continued(ARM) ArvinMeritor’s Loss Deepens
ArvinMeritor (ARM) showed a loss of $20 million or 28 cents per share, before special items, in the fourth quarter of its fiscal year ended Sep 30, 2009. This is wider than the quarter-ago loss of 25 cents per share and compared to year-ago profit of $26 million or 35 cents per...
12Nov2009 | vitalstocks | 0 comments | Continued(SLXP) Salix Pharmaceuticals Beats Expectation on Xifaxan’s Strength
Salix Pharmaceuticals, Ltd. (SLXP) reported a net loss of 15 cents per share in the third quarter, which was significantly better than the Zacks Consensus Estimate of a net loss of 29 cents. The company reported a net loss of 11 cents in the year-ago period. Although revenue...
12Nov2009 | vitalstocks | 0 comments | Continued(GE) General Electric to Sell Security Systems Unit
General Electric Co. (GE) is in talks to sell its security systems unit, most likely to United Technologies Corp. (UTX), for more than $1.5 billion in an effort to reshuffle its extensive portfolio and raise capital for strategic acquisitions. United Technologies Corp. is a diversified...
12Nov2009 | vitalstocks | 0 comments | Continued(ZOLL) ZOLL Medical Beats Expectations in Recent Quarter
ZOLL Medical Corp. (ZOLL) reported fourth-quarter earnings of 16 cents per share, which beat the Zacks Consensus Estimate of 8 cents. The company earned 41 cents in the year-ago quarter. The lower profit in the quarter was attributable to lower margins coupled with higher expenses,...
12Nov2009 | vitalstocks | 0 comments | Continued(ISIS) Isis Pharmaceuticals’ Loss Widens
Isis Pharmaceuticals Inc. (ISIS) reported a net loss of 7 cents per share in the third quarter, which was wider than the Zacks Consensus Estimate of a net loss of 5 cents. The company had reported a net income of 2 cents in the year ago period. The wider-than-expected loss was...
12Nov2009 | vitalstocks | 0 comments | Continued(VCLK) ValueClick Analyst Lowers Target but Maintains Neutral
We are lowering our six-month price target on ValueClick Inc. (VCLK) to $11.00 but maintaining our Neutral rating on the stock. The company provided disappointing guidance for the coming quarter, which was much below Zacks Consensus Estimates. The unexpected weakness in the Comparison...
12Nov2009 | vitalstocks | 0 comments | Continued(JEC) Jacobs Engineering Group Wins Contract in Canada
Jacobs Engineering Group Inc. (JEC) has received a contract from Suncor Energy to provide project management, engineering and procurement services to complete the scoping study and Design Basis Memorandum (DBM) for tailings and water transfer projects. These projects are a portion...
12Nov2009 | vitalstocks | 0 comments | Continued(PGR) Progressive Corporation’s Income Falls
Auto insurer Progressive Corporation’s (PGR) income for October fell to 16 cents per share compared with 22 cents in the year-ago period. Though the company has posted a growth in premium writings, realized gains were lower in the quarter compared to the year-ago quarter. The...
12Nov2009 | vitalstocks | 0 comments | Continued(LOGI) Logitech International Acquires LifeSize
Logitech International (LOGI) announced that it has agreed to acquire privately held LifeSize Communications of Austin, Texas for $405 million in cash. LifeSize is a global leader in high definition (HD) video communication solutions, with more than 9,000 video conferencing customers...
12Nov2009 | vitalstocks | 0 comments | Continued(BNI) Warren Buffett Takes the Train to Work – Why You Should Follow His Lead
by Tony Daltorio, Investment U Research We already knew that legendary investor Warren Buffett was bullish on the U.S. railroad industry through his holdings in Burlington Northern Santa Fe (NYSE: BNI) and others. But his recent announcement that his Berkshire Hathaway (NYSE:...
11Nov2009 | InvestmentU | 0 comments | Continued(DB) A Green Energy Investing Guideline
by Louise Harris, Investment U Research Typically, when investors think about making money from climate change, they think about buying shares of companies that specialize in biofuels or alternative or green energy. But those aren’t the only ways to profit from the green...
11Nov2009 | InvestmentU | 0 comments | Continued(FMX) Send Your Portfolio To Happy Hour With These Beer-Loving Stocks
by Tony Daltorio, Investment U Research After a decade of global consolidation, beer brewers have greedily hit just about every notable location. Except Mexico, that is – the ninth-largest beer market in the world. But Mexican beverage and retail conglomerate Femsa –...
11Nov2009 | InvestmentU | 0 comments | Continued(ASH) Investing in the Biotech Sector: Here’s An Easy Way to Profit from Biotech Stocks
by Marc Lichtenfeld, Healthcare Expert Wednesday, November 11, 2009: Issue #1135 Investing in the biotech sector can be risky – no doubt about that. But you know what? There are a lot of ways to make money from biotech stocks, too. If you know what to look for, that is. Two...
11Nov2009 | InvestmentU | 0 comments | Continued(EEP) Enbridge Energy Partners L.P. Beats on Higher Volumes
Enbridge Energy Partners L.P. (EEP) reported its third quarter earnings of 86 cents per unit, beating the Zacks Consensus Estimate of 60 cents. The company’s profit stood at 71 cents in the year-ago period. Total revenues for the quarter decreased nearly 51% year over year...
11Nov2009 | vitalstocks | 0 comments | Continued(FLS) Flowserve Corporation Beats Analyst’s Consensus
Flowserve Corporation (FLS) announced third quarter 2009 fully diluted EPS of $2.07, up 3 cents or 1% Incorporatedluding realignment charges of 5 cents per share. This was higher than the Zacks Consensus Estimate of $2.00 per share. Bookings for the quarter were $975 million,...
11Nov2009 | vitalstocks | 0 comments | Continued