Archive for November, 2009
(FCX) Weak Dollar has put a bid into commodities – driving shares of resources companies
Freeport McMoran Copper Gold Co. (FCX) recently hit another 52-week high above $87 as both gold and copper continue to surge, with gold generating a buzz on the Street while approaching the $1,200 level. Shares of FCX have been riding a very smooth trend line higher for most...
29Nov2009 | vitalstocks | 0 comments | Continued(WIN) Windstream to Acquire Iowa Telecommunications
Windstream Corp.’s (WIN) acquisition binge continues as the Little Rock , Arkansas-based rural telecom operator has recently announced that it will buy Iowa Telecommunication Services (IWA) for approximately $1.1 billion. This represents the company’s fourth acquisition in...
29Nov2009 | vitalstocks | 0 comments | Continued(MASI) Masimo Corporation Renews Deal with Advocate Health Care
Masimo Corporation (MASI) announced that one of its prominent customers, Advocate Health Care, has recently renewed its multi-year, system-wide contract for Masimo SET pulse oximetry technology. Advocate Health Care is Illinois’ largest and one of the top ten health care...
29Nov2009 | vitalstocks | 0 comments | Continued(S) Sprint-Nextel’s iPCS Acquisition Approved
Sprint Nextel (S), the third-largest US wireless carrier, has received all regulatory approvals for the impending acquisition of its wireless affiliate iPCS (IPCS). The US telecom regulator Federal Communications Commission (FCC) and the Public Service Commission of West Virginia...
29Nov2009 | vitalstocks | 0 comments | Continued(JCOM) j2 Global Communications Expands Coverage
Internet fax to email service provider j2 Global Communications Inc. (JCOM) has announced that its flagship eFax line of products will now be available in 3,500 cities across 46 countries. This indicates a growth of around 72% in the last three years. j2 Global delivers integrated...
29Nov2009 | vitalstocks | 0 comments | Continued(BX) Private Equity Investments: This Maligned Stock is a Solid Buy
by Louis Basenese, Small Cap and Special Situations Expert Friday, November 27, 2009: Issue #1146 If there’s one investment approach that always yields the headiest profits, it’s when you go against the crowd – and are proved right. Take oil, for example. Two summers...
29Nov2009 | InvestmentU | 0 comments | Continued($SNY) Sanofi Beats Expectations on Higher Revenue
Sanofi-Aventis (SNY) recently reported third quarter earnings of $1.25 per American Depository Share (ADS), 4 cents above the Zacks Consensus Estimate of $1.21. The company reported earnings of $1.06 in the year-ago period. Revenue increased 6% with performance being driven by...
28Nov2009 | vitalstocks | 0 comments | Continued(SCOR) Online Retail Saving the Day
According to numbers presented by the National Retail Federation, U.S. holiday retail sales from brick-and-mortar outfits will be down 1% this year. On the other hand, comScore (SCOR) expects online retail sales to be up 3% in November and December. The online retail segment...
28Nov2009 | vitalstocks | 0 comments | Continued(CT) Avoid Regional Domestic Banks – Zacks Industry Rank Analysis
Industry Rank Analysis 11-25-09 Commercial real estate is in big trouble, with rising vacancy rates leading to lower effective rents. On top of that, the Cap rate, which is sort of like the P/E ratio for stocks (or to be more precise, like the E/P or earnings yield for stocks),...
28Nov2009 | vitalstocks | 0 comments | Continued(SUN) Mixed Signals in U.S. Oil Demand
The U.S. Energy Department’s weekly inventory release showed a smaller-than-expected build in crude stockpiles, a surprise drop in distillates and improvement in refinery run-rates. However, this piece of positive data was somewhat tempered by reports of increases in gasoline...
28Nov2009 | vitalstocks | 0 comments | Continued6 Criteria for Picking Great Stocks
We’ve come a long way, in a short period of time. The market has rebounded ferociously from the March lows. And overall the S&P 500 is up +22.5% on the year (as of 11/23/09). Most importantly, there are signs of an economic rebound that has allowed us to dodge a bullet...
28Nov2009 | vitalstocks | 0 comments | Continued(USB) U.S. Bancorp to Sell 3 Texas Banks
U.S. Bancorp (USB) announced on Wednesday that its lead bank, U.S. Bank National Association is planning to sell the three Texas banks that were recently acquired from the Federal Deposit Insurance Corporation (FDIC) as part of the acquisition of the banking subsidiaries of FBOP...
28Nov2009 | vitalstocks | 0 comments | Continued($QCOM) Patent Investigation into Qualcomm is halted
Qualcomm Inc. (QCOM) has breathed a sigh of relief related to its most disturbing patent related issues as the European Commission (European Union antitrust regulator) decided to stop investigating a monopoly abuse probe into Qualcomm without taking any punitive measures against...
28Nov2009 | vitalstocks | 0 comments | Continued(TIVO) TiVo Misses Earnings Estimates – Signs Deals
TiVo Inc. (TIVO) reported a net loss of 6 cents a share for the third quarter of fiscal 2010, a penny below the Zacks Consensus Estimate of a loss of 5 cents, and fell substantially from the prior-year quarter. The company had reported EPS of 98 cents in the third quarter of...
28Nov2009 | vitalstocks | 0 comments | Continued(OMX) 3 Turkeys to Short Right Now – Investment Ideas
The Zacks Rank is one of the premier rating systems used to unveil market-beating stocks. By focusing on earnings estimate revisions and surprises, the system has consistently produced winning stocks. However, that very same philosophy can be turned around to find stocks that...
27Nov2009 | vitalstocks | 0 comments | Continued(PPL) PPL Corporation’s Plant Granted License Approval
Recently, PPL Corp.’s (PPL) Susquehanna nuclear power plant received a 20-year extension of the operating licenses for both reactors at the plant. The Nuclear Regulatory Commission (NRC) approved extension of the license for Unit 1 to 2042 and for Unit 2 to 2044. NRC’s decision...
25Nov2009 | vitalstocks | 0 comments | Continued(VMED) Virgin Media Opts for TiVo Platform
Virgin Media Inc. (VMED), the UK ‘s leading entertainment and communications company, has entered into a strategic agreement with TiVo Inc. (TIVO) under which the latter will develop next-generation TV platform for Virgin Media that will support broadband video services...
25Nov2009 | vitalstocks | 0 comments | Continued(RAVN) Raven Industries Beats – Retains Weak Outlook
Last week, Raven Industries Inc. (RAVN) reported fiscal third quarter results. The company posted earnings of 40 cents per share, beating the Zacks Consensus Estimate of 38 cents. However, quarterly earnings were 13% lower than last year due to the impact of economic downturn...
25Nov2009 | vitalstocks | 0 comments | Continued(DE) Deere & Company Has No Change in Outlook
Earlier today, Deere & Company (DE) reported fiscal fourth quarter earnings of 23 cents per share (excluding goodwill impairment charges of 76 cents per share), which is well above the Zacks Consensus Estimate of 5 cents per share. However, quarterly earnings were down 72%...
25Nov2009 | vitalstocks | 0 comments | Continued(DNDN) Dendreon’s Provenge Gets Action Date Assigned
Recently, Dendreon Corp. (DNDN) announced that the U.S. Food and Drug Administration (FDA) has accepted the amended Biologics License Application (BLA) for Provenge, a therapeutic vaccine for the treatment of prostate cancer in men. The agency is expected to decide on whether...
25Nov2009 | vitalstocks | 0 comments | Continued(SNY) Sanofi-Aventis Expands Regeneron Pharmaceuticals Agreement
Sanofi-Aventis (SNY) recently extended and expanded its antibody collaboration with biopharmaceutical company, Regeneron Pharmaceuticals, Inc. (REGN). The companies had initially entered into a collaboration agreement in 2007, which was scheduled to expire in 2012. Under the...
25Nov2009 | vitalstocks | 0 comments | Continued(EIX) Edison International Gets Regulatory Approval
Edison International (EIX) bagged an approval from the California Public Utilities Commission (CPUC) to construction the Devers Palo Verde2 Transmission Line project in California. The project is being built by its subsidiary Southern California Edison (SCE). The $537 million,...
25Nov2009 | vitalstocks | 0 comments | Continued(VIP) VimpelCom Falls Behind Expectations
VimpelCom (VIP) reported third-quarter 2009 earnings of 42 cents per ADS (based on an average exchange rate of 31.26 RUR/US$) that narrowly missed the Zacks Consensus Estimate of 44 cents. However, the result beat the year-ago earnings per ADS of 27 cents. The second-largest...
25Nov2009 | vitalstocks | 0 comments | Continued(JCG) J. Crew Group Beats Consensus Estimates
J. Crew Group Inc. (JCG), a multi-channel retailer of women’s, men’s and children’s apparel, shoes and accessories across the U.S., has reported better-than-expected fiscal 2009 third quarter results with a net income of $43.9 million or 67 cents per share,...
25Nov2009 | vitalstocks | 0 comments | Continued(ALLT) Allot Communications’ Loss Narrows
Allot Communications Ltd. (ALLT) reported loss from continuing operations of 4 cents per share, compared to the Zacks Consensus Estimate of a loss of 11 cents per share. This excludes the impairment of auction rate securities from the GAAP operating loss. Total revenues for the...
25Nov2009 | vitalstocks | 0 comments | Continued(EMR) Emerson Electric Beats Earnings Consensus
Emerson Electric Co. (EMR) reported fourth-quarter earnings per share from continuing operations of 67 cents per share, higher than the Zacks Consensus Estimate of 60 cents. Sales for the fourth quarter ended September 30, 2009 of $5.3 billion, a decrease of 21% from the $6.7...
25Nov2009 | vitalstocks | 0 comments | Continued(CEPH) Cephalon Settles Barr Pharmaceuticals Challenge
Earlier this month, Cephalon Inc. (CEPH) announced that it has settled its patent infringement case with Barr Pharmaceuticals, which is now owned by Teva Pharmaceutical (TEVA). Barr was looking to market a generic version of Cephalon’s cancer pain management drug, Fentora. As...
25Nov2009 | vitalstocks | 0 comments | Continued(JPM) Federal Deposit Insurance Corporation Fund in the Negative
In its quarterly report on the banks, issued on Tuesday, the Federal Deposit Insurance Corporation (FDIC) said that the deposit insurance fund used to protect customer accounts dropped by $18.6 billion during the third quarter of 2009 to a deficit of $8.2 billion, while banks...
25Nov2009 | vitalstocks | 0 comments | Continued(BA) Durable Goods Orders Drop
Durable Goods Orders Drop In October, new durable goods orders fell by 0.6%, partially reversing a 2.0% rise in September, which in turn was a partial reversal of a 2.7% decline in August. Year to date, new durable goods orders are 23.0% below the level for the first ten months...
25Nov2009 | vitalstocks | 0 comments | Continued(BSX) Boston Scientific Earns FDA Clearance
Boston Scientific Corp. (BSX) recently received 510(k) clearance from the U.S. Food and Drug Administration (FDA) and CE Mark approval to market its WallFlex Fully Covered Esophageal Stent in the U.S. and Europe. The new product is used for the treatment of malignant esophageal...
25Nov2009 | vitalstocks | 0 comments | Continued