Archive for November, 2009
($AXP) American Express Company – Return on Equity of 12% Tops Industry Average of 8%
American Express Company (AXP) has seen recent upward revisions of the Zacks Consensus Estimate for earnings. Shares staged a nice advance lately, outpacing the market by about 20% over the past 3 months. Company Description American Express Company is a leading global payments...
24Nov2009 | vitalstocks | 0 comments | Continued(ADI) Analog Devices Tops Consensus – Sees Growth in 2010
Analog Devices’ (ADI) fiscal fourth quarter results beat the Zacks Consensus estimate by 14 cents. Revenue beat by 9.3%. Revenue Revenue of $571.6 million was up 16.2% sequentially and down 13.5% year over year. The sequential strength was driven by broad-based recovery in...
24Nov2009 | vitalstocks | 0 comments | Continued(CTRN) Citi Trends’ Profit Rises
Citi Trends Inc. (CTRN), a value-priced retailer of urban fashion apparel and accessories, has reported strong fiscal 2009 third quarter results with a net income of $0.6 million or 4 cents per share compared to a net loss of $0.7 million or 5 cents in the year-earlier quarter. The...
24Nov2009 | vitalstocks | 0 comments | Continued(CAM) Cameron International Corp Completes NATCO Aquisition
Last week, oil drilling equipment maker Cameron International Corp. (CAM) closed the previously announced acquisition of Texas-based fellow oilfield service provider NATCO Group for approximately $780 million, following the approval by NATCO’s shareholders. In relation to the...
24Nov2009 | vitalstocks | 0 comments | ContinuedNov 24: Gross Domestic Product up 2.8% – Economic Highlights
GDP Preliminary Q3 Estimates show GDP increased by 2.8%, less than the expected 2.9% increase, following a 3.5% estimated increase in the advance Q3 estimate (today’s preliminary release is based on a more complete set of data), after contracting by 0.7% in the second quarter...
24Nov2009 | vitalstocks | 0 comments | Continued(ARD) Arena Resources Incorporated – Exploration Companies Are Back In Favor
Arena Resources Inc. (ARD) has posted big gains over the last 8 months on strong earnings and elevated energy prices. Company Description Arena Resources, Inc. engages in the exploration and production of oil and natural gas properties in the united States. The company was founded...
24Nov2009 | vitalstocks | 0 comments | Continued(WMB) The Williams Companies Completes 2nd Phase of Transco Pipeline
The Williams Companies (WMB) announced that it has placed the second phase of the Sentinel expansion project on its interstate Transco natural gas pipeline system into service, as a result increasing firm transportation capacity into the northeastern U.S. by 102 thousand dekatherms...
24Nov2009 | vitalstocks | 0 comments | Continued(FE) FirstEnergy Corporation to Develop Norton Energy Storage Project
FirstEnergy Generation Corp., a subsidiary of FirstEnergy Corporation (FE), has acquired the rights to develop the Norton Energy Storage Project – compressed air energy storage (CAES) facility in Norton, Ohio – from CAES Development Company, LLC. The transaction includes...
24Nov2009 | vitalstocks | 0 comments | Continued(HPQ) Hewlett-Packard’s Revenue Down – EPS In-Line
Hewlett-Packard (HPQ) reported fourth quarter EPS of $1.14, exceeding the Zacks Consensus Estimate by a penny. Revenue Revenue for the quarter came in at $30.8 billion, a decrease of 8.0% from the $33.6 billion reported in the year-ago period and down 5.0% on constant currency...
24Nov2009 | vitalstocks | 0 comments | Continued(AMX) Mexico Sets Spectrum Auction Rules
The Mexican government has finally announced the bidding rules to kick off the upcoming wireless spectrum (radio bandwidth) auction in the country. The Mexican telecom regulator Cofetel released details of radio-electric spectrum to be offered to the qualified bidders through...
24Nov2009 | vitalstocks | 0 comments | Continued(DRE) Duke Realty Corporation Renews Credit Facility
Duke Realty Corporation (DRE), a real estate investment trust (REIT) engaged in owning, managing and developing industrial, health care and office properties across the U.S, has recently renewed its unsecured revolving credit facility to enhance its operating flexibility in the...
23Nov2009 | vitalstocks | 0 comments | Continued(CPB) Campbell’s Soup Beats – Raises Guidance
Campbell Soup Co. (CPB) reported fiscal first-quarter earnings of 87 cents per share, which was above the Zacks Consensus Estimate of 81 cents. Quarterly earnings were up 14.5% compared to the prior-year quarter. Quarterly net sales declined 2.1% year over year due to a negative...
23Nov2009 | vitalstocks | 0 comments | Continued(ABT) Abbott Labs Deals for Drug Candidate
Abbott Labs (ABT) recently signed a definitive agreement with PanGenetics BV for a pain candidate, PG110. Under the terms of the agreement, Abbott will acquire global rights to PG110 which is a novel biologic that targets Nerve Growth Factor (NGF) for the treatment of chronic...
23Nov2009 | vitalstocks | 0 comments | Continued($NKE) Nike Increases Quarterly Dividend
Nike Inc. (NKE), the world’s leading designer, marketer and distributor of athletic footwear, apparel, equipment and accessories, has recently increased its quarterly dividend by 8% to 27 cents per share from 25 cents. Amid a challenging macroeconomic environment, when most...
23Nov2009 | vitalstocks | 0 comments | Continued(VLO) Despite What the News Tells You – Crude Oil Prices Set to Fall
by Sheena Martin, Contributing Editor Monday, November 23, 2009 Is the price of oil headed for $100 per barrel again? Many say it is. But to be frank, the “fair price” is much lower than the current range of $75-$83 per barrel. If you focus solely on the current fundamentals...
23Nov2009 | InvestmentU | 0 comments | Continued(OMC) Omnicom Group Partners with CBS
During the second week of November, OMD, a unit of Omnicom Media Group, the media services division of Omnicom Group Inc. (OMC), announced a new research partnership with CBS Vision, the research division of CBS Corp. (CBS). The partnership will allow OMD’s clients access...
23Nov2009 | vitalstocks | 0 comments | Continued(DBRN) Dress Barn Tops Expectations – Lifts Outlook
The Dress Barn Inc. (DBRN) recently reported fiscal 2010 first-quarter results. The company recorded a GAAP net income of $21.7 million, a growth of nearly 10% over GAAP net earnings of $19.7 million posted in the year-ago period. Excluding certain items, adjusted earnings per...
23Nov2009 | vitalstocks | 0 comments | Continued(XL) XL Capital Expands in China
XL Capital Ltd. (XL) last week announced its plans to expand its international operations in China. XL has received approval from the China Insurance Regulatory Commission (CIRC) to start preparatory work to set up a Property and Casualty (P&C) company in China. The China...
23Nov2009 | vitalstocks | 0 comments | Continued(AEP) American Electric Power Company to Buy Assets
American Electric Power Co. Inc.’s (AEP) subsidiary Southwestern Electric Power Co. signed a letter of intent to buy transmission and distribution assets worth $94 million from the Valley Electric Membership Corp. Southwestern Electric’s acquisition of the cooperative will...
23Nov2009 | vitalstocks | 0 comments | Continued(JNJ) Johnson and Johnson Sees Encouraging Phase III Data
Johnson and Johnson (JNJ) recently presented long-term data from two phase III clinical trials of Simponi (golimumab), carried out on rheumatoid arthritis (RA) patients. It was observed that patients taking Simponi every four weeks achieved sustained improvements through one...
23Nov2009 | vitalstocks | 0 comments | Continued(MRK) Positive Opinion for Merck Drug From European Medicines Agency
Merck (MRK) announced that the European Medicines Agency’s (EMEA) Committee for Medicinal Products for Human Use (CHMP) has recommended approval of Elonva (corifollitropin alfa injection). Merck is seeking the drug’s approval as a treatment in controlled ovarian stimulation...
23Nov2009 | vitalstocks | 0 comments | Continued(CBI) Chicago Bridge & Iron Wins Refinery Project
Chicago Bridge & Iron Co. (CBI) has been awarded a project valued in excess of US$1.4 billion by Refinería de Cartagena S.A. (REFICAR) for the engineering, procurement services and construction of a new refinery, with processing capacity of 165,000 barrels per day, adjacent...
23Nov2009 | vitalstocks | 0 comments | Continued(MOT) Motorola Boosts iDEN Business
Motorola Inc. (MOT) has decided to purchase iDEN base station assets of the privately held RadioFrame Networks Inc. The iDEN (Integrated Digital Enhanced Network) technology allows cell phone calls to move on the same network as communication from two-way radios. In general,...
23Nov2009 | vitalstocks | 0 comments | Continued(F) Ford Motor Focuses on Brazil
Ford Motor (F) has revealed its plan to invest R$4 billion ($2.26 billion) in order to benefit from government tax incentives and lower interest rates in Brazil that are fueling record sales. Presently, Ford is the fourth-largest automaker in the country. Ford has decided to...
23Nov2009 | vitalstocks | 0 comments | Continued(FNM) Existing Home Sales Soar Again
In October, existing home sales rose by 10.1% and are now 23.5% above the year-ago rate. Sales were at a seasonally adjusted annual rate of 6.10 million, up from 5.54% in September and a 4.94 million pace a year ago. Existing single family home sales rose by 9.7% to a 5.33 million...
23Nov2009 | vitalstocks | 0 comments | Continued(WY) Weyerhaeuser Co Announces Tender Offer
Earlier this month, Weyerhaeuser Co. (WY) announced the commencement of a cash tender offer to purchase up to $500 million principal amount of its 6.750% notes due in March 15, 2012. Weyerhaeuser is offering to purchase for cash up to $500 million principal amount of its outstanding...
23Nov2009 | vitalstocks | 0 comments | Continued(TV) Grupo Televisa S.A. to Launch Wireless Service
Grupo Televisa S.A. (TV) has decided to explore the wireless communications market. Televisa is the largest media company in Mexico as well as in the Spanish-speaking world. Its cable TV subsidiary Cablevision will start providing mobile phone services in Mexico from the first...
23Nov2009 | vitalstocks | 0 comments | Continued(ISRG) Intuitive Surgical Enters Japan
Intuitive Surgical, Inc. (ISRG) recently received regulatory approval from the Japanese Ministry of Health, Labor and Welfare (MHLW) to market its da Vinci Surgical System in Japan. The approval thus broadens Intuitive’s geographical presence and is likely to expand its international...
23Nov2009 | vitalstocks | 0 comments | Continued(MRO) Marathon Oil Corporation to Slash Spending
In its investor day meeting, integrated oil major Marathon Oil Corporation (MRO) offered a glimpse of its 2010 production and capital spending plans. Capital Spending Trimmed Marathon said that it will prune its capital expenditures by about $1 billion in 2010, as the company...
23Nov2009 | vitalstocks | 0 comments | Continued(FSR) Assurant Gets Rating from A.M. Best
Rating agency A.M. Best Co. has affirmed the financial strength ratings (FSR) and issuer credit ratings (ICR) of the property and casualty (P&C) and life and health insurance subsidiaries of Assurant Inc. (AIZ). Additionally, A.M. Best has affirmed the issuer credit ratings...
23Nov2009 | vitalstocks | 0 comments | Continued