Archive for November, 2009
(CHL) China Mobile to Market Dell Phone
China Mobile (CHL) will be the first mobile operator to sell the much-talked-about Dell (DELL) smartphone. The Mini 3i, as its is called, is a slim, touch screen smartphone to be supported by China Mobile’s new OPhone and Mobile Market platforms. The 3.5-inch widescreen...
23Nov2009 | vitalstocks | 0 comments | Continued(NVLS) Novellus Systems Raises Guidance
Novellus Systems (NVLS) raised its fourth-quarter revenue and earnings outlook, as a result of the ongoing recovery in the semiconductor market. The company now expects revenues of $225-245 million, compared to previous guidance of $215-245 million, which raises the mid-point...
23Nov2009 | vitalstocks | 0 comments | Continued(SWKS) Skyworks Solutions Beats Estimates
Skyworks Solutions (SWKS) earlier reported revenues of $228.1 million in the fourth quarter of fiscal 2009, up 19% sequentially and surpassed management’s guidance range of $220 million – $225 million. Operating margin came in at 14.4% compared to 12.0% in the previous...
23Nov2009 | vitalstocks | 0 comments | Continued(LVS) Las Vegas Sands’ Macau Unit Raises $2.5B in IPO
Las Vegas Sands (LVS) Macau unit, Sand China raised $2.5 billion through its Hong Kong initial public offering (IPO). The company has priced the IPO for 1.87 billion shares at HK$10.38 per share, the low end of the expected HK$10.38-HK$13.88 range. The proceeds from this offering,...
23Nov2009 | vitalstocks | 0 comments | Continued(PALM) Palm Cuts Price on New Smartphone
Palm Inc.’s (PALM) new smartphone, Pixi — a lighter and cheaper version of the Pre — can now be bought for just $24.99. Both Wal-Mart (WMT) stores and Amazon.com Inc. (AMZN) have slashed the price of the new Pixi phone by 75% from the original $100 after the Pixi...
23Nov2009 | vitalstocks | 0 comments | Continued(QCOM) Momentum Trading: Five Guidelines for Supercharging Your Portfolio with Momentum Stocks
by Dr. Scott Brown, Education Director Monday, November 23, 2009: Issue #1143 Momentum: Force or speed of movement. Impetus of a process, such as an idea, or course of events… That’s how the dictionary defines the word “momentum.” We’ve all seen what can happen when...
23Nov2009 | InvestmentU | 0 comments | Continued(CPWM) Cost Plus, Incorporated – Bear of the Day
Specialty retailer Cost Plus, Inc. (CPWM) is closing stores, cutting costs, and trying to preserve cash, but those moves will do little to reverse its weak sales trends and merchandise margins. In addition, management’s guidance for the third quarter cautioned investors...
23Nov2009 | vitalstocks | 0 comments | Continued(TSN) Tyson Foods’ Earnings Top Expectations
Tyson Foods Inc. (TSN) reported a net loss of $1.22 per share for the fourth quarter of fiscal 2009. This includes a goodwill impairment charge of $1.50 per share in its Beef segment. Excluding the one-time charge, quarterly earnings were 28 cents per share, compared to the Zacks...
23Nov2009 | vitalstocks | 0 comments | Continued(ALL) Allstate Corporation Credit Ratings Affirmed by A.M. Best
On Nov 20, 2009, A.M. Best Company affirmed the ratings of Allstate Corporation (ALL) and its subsidiaries. The rating agency cited that the rating actions primarily reflect Allstate’s solid risk-adjusted capitalization, favorable operating performance and significant market...
23Nov2009 | vitalstocks | 0 comments | Continued(EJ) E House China Holdings Ltd. – Earnings Estimates Jump
E House China Holdings Ltd. (EJ) reported better than expected third-quarter results on Nov 17 and offered bullish guidance that has since pushed estimates higher. Third-Quarter Results Sales were up 119% from last to $86.2 million. Earnings also came in strong at 43 cents per...
23Nov2009 | vitalstocks | 0 comments | Continued(CIEN) Ciena Corporation Wins Bid for Nortel’s Assets
The telecommunications network specialist Ciena Corporation (CIEN) has been selected as the successful bidder for Nortel Network Corp.’s (NT) optical networking and carrier ethernet business for a total consideration of $769 million. Ciena will pay $530 million in cash...
23Nov2009 | vitalstocks | 0 comments | Continued(DM) Dolan Media Company – Earnings Estimates Continue to Climb
Dolan Media Co. (DM) analysts continue to raise estimates making shares of DM a great value to go along with the excellent growth rates. Estimates Continue to Climb Over the past month full-year estimates are on the rise. The Zacks Consensus Estimate for this year is up 7 cents...
23Nov2009 | vitalstocks | 0 comments | Continued(CATO) Cato Corporation – Gross Margin Increased – Women’s Fashion Specialty Retailer
Cato Corporation (CATO), the women’s fashion specialty retailer, reported third quarter results on Nov 19 that surprised on the Zacks Consensus Estimate by 11.11%, or 1 cent a share. It was the company’s fourth consecutive earnings beat. Earnings per share for the...
23Nov2009 | vitalstocks | 0 comments | Continued(COH) Coach, Incorporated – Bullish Forecasts – Solid Income
Coach, Inc. (COH) recently declared a quarterly dividend of $0.075 per share, which translates into an industry-leading yield of 1%. The Zacks Consensus Estimate continues to see upward revisions, rising 2% in the past month. Solid Income Coach announced that its dividend of...
23Nov2009 | vitalstocks | 0 comments | Continued($CAT) Caterpillar, Incorporated – Bull of the Day
Caterpillar (CAT) is a market leader in construction and mining equipment, diesel and natural gas engines, and industrial gas turbines. With its strong brand name, pricing power and global dealer network, we believe Caterpillar is well positioned to take advantage of the growing...
23Nov2009 | vitalstocks | 0 comments | Continued(BDX) Becton, Dickinson and Company Acquires HandyLab
Becton, Dickinson and Company (BDX) recently completed the acquisition of HandyLab, Inc, an Ann Arbor, Michigan-based company that develops and manufactures automation platforms and molecular diagnostic assays. The transaction costs Becton $275 million. The acquisition enables...
23Nov2009 | vitalstocks | 0 comments | Continued(SMTC) Semtech Corporation Beats Consensus – Acquires Sierra Monolithic
Semtech Corp’s (SMTC) third quarter earnings beat consensus estimates by 6 cents. This follows better-than-expected results reported by the entire peer group Incorporatedluding Maxim Integrated Products (MXIM), Intersil Corporation (ISIL) and Linear Technology (LLTC). Revenue Revenue...
23Nov2009 | vitalstocks | 0 comments | Continued(BMY) Bristol-Myers Squibb Earns FDA Approval
Recently, Bristol-Myers Squibb Co. (BMY) received approval from the U.S. Food and Drug Administration (FDA) to market Abilify (aripiprazole) for the treatment of irritability in pediatric patients having autistic disorder. Abilify can be used to treat children aged 6 to 17 years...
23Nov2009 | vitalstocks | 0 comments | Continued($JPM) U.S. Bank Failures Hit 124 in 2009
U.S. regulators on Friday closed down Commerce Bank of Southwest Florida. Though there are some early signs of economic recovery, bank failures go on growing with rising loan defaults. This takes the total number of bank failures to 124, compared to 25 in 2008 and 3 in 2007....
23Nov2009 | vitalstocks | 0 comments | Continued(CHA) China Telecom Boosts Handset Portfolio
China Telecom (CHA), the largest Chinese fixed-line operator, has revealed plans to augment its wireless handset portfolio. The company is currently in talks with overseas handset vendors and targets to offer Research in Motion’s (RIMM) popular BlackBerry handset and Palm’s...
23Nov2009 | vitalstocks | 0 comments | Continued(BHI) U.S. Oil and Gas Rig Count Hits 8-Month High
According to data from Baker Hughes Inc. (BHI), the number of rigs searching for oil and gas in the U.S. rose for the week ended Nov. 20, reflecting ramped-up drilling activity by the producers amid recent optimism about economic recovery. As shown in the first chart below from...
23Nov2009 | vitalstocks | 0 comments | Continued(GPS) Specialty Retailer Gap’s Earnings Improve
Gap Inc. (GPS), a premier international specialty retailer, has reported healthy third quarter results despite challenging market conditions. The company reported net income of $307 million or 44 cents per share during the quarter compared to $246 million or 35 cents per share...
20Nov2009 | vitalstocks | 0 comments | Continued(CYBX) Cyberonics Beats Expectations – Raises Outlook
Cyberonics, Inc. (CYBX) reported second quarter fiscal 2010 earnings per share of 32 cents, beating the Zacks Consensus Estimate of 20 cents and the year-ago earnings of 14 cents. Sales Net sales in the reported quarter increased 13.0% year over year to $40.7 million. Of this,...
20Nov2009 | vitalstocks | 0 comments | Continued(LTD) Limited Brands Raises Guidance
Limited Brands Inc. (LTD) reported results for the third quarter of fiscal 2009 with earnings of 2 cents per share. Earnings were below the Zacks Consensus Estimate of 6 cents but were up 50% compared to the prior-year quarter. Net sales for the quarter declined 3.5% year-over-year...
20Nov2009 | vitalstocks | 0 comments | Continued(ADCT) ADC Telecommunications Dips on Weak Outlook
Yesterday, after market close, ADC Telecommunications Inc. (ADCT) declared financial results for the fourth quarter of fiscal 2009. Earlier, the Board of Directors of ADC had taken a decision to change its fiscal year from Oct 31 to Sep 30. As a result, fiscal year 2009 ended...
20Nov2009 | vitalstocks | 0 comments | Continued(GME) GameStop Corporation Meets Expectations
GameStop Corporation (GME) the biggest video game retailer, reported third quarter earnings of 32 cents per share, slightly above the Zacks Consensus Estimate of 31 cents. The reported earnings were 6% lower than prior-year quarter. Revenue for the quarter increased 8.2% to $1,834.7...
20Nov2009 | vitalstocks | 0 comments | Continued(SGY) Stone Energy Corporation Outdoes Estimates
Stone Energy Corporation (SGY) reported third-quarter 2009 earnings of $1.06 per share, beating the Zacks Consensus Estimate of 66 cents and the year-earlier earnings of $1.04. The robust results were driven by increased production volumes and reduced costs. Production during...
20Nov2009 | vitalstocks | 0 comments | Continued(SJM) J.M. Smucker Company Beats the Street – Raises Guidance
J.M. Smucker Company (SJM) reported second quarter results with earnings of $1.22 per share, which was well above the Zacks Consensus Estimate of 99 cents. Quarterly earnings were up 21% compared to $1.01 reported in the prior-year quarter. Net sales for the quarter grew 51.7%...
20Nov2009 | vitalstocks | 0 comments | Continued(STP) Suntech Power Holdings Company Tops Analyst Estimates
Suntech Power Holdings Company Ltd. (STP) posted strong third quarter results of 16 cents, double the Zacks Consensus Earnings per American Depository Share (EPADS) estimate of 8 cents. However, the company fell short of the year-ago EPADS of 33 cents by 17 cents. Suntech registered...
20Nov2009 | vitalstocks | 0 comments | Continued(CNP) CenterPoint Energy & FPL Group Ink Pipeline Deal
A subsidiary of CenterPoint Energy Inc. (CNP) and NextEra US Gas Assets LLC, an affiliate of FPL Group Inc. (FPL) signed an agreement to explore the construction of a pipeline in north Louisiana. The new pipeline will transport natural gas from the Haynesville Shale area. The...
20Nov2009 | vitalstocks | 0 comments | Continued