Archive for November, 2009
406 Days Until This Market Crashes
by Robert Williams, Publisher Friday, November 20, 2009 David Fessler has a sector that warrants your attention. But first, I want to officially raise a red flag in another market. Something’s amiss in the municipal bond market. Year-to-date, “munies” have behaved more...
20Nov2009 | InvestmentU | 0 comments | Continued(HP) Helmerich & Payne’s Profit Declines
Contract drilling services provider Helmerich & Payne, Inc. (HP) reported solid fourth quarter results, buoyed by improving rig counts on the back of rebounding commodity prices. Earnings per share, excluding gains from non-operating items, came in at 47 cents, marginally...
20Nov2009 | vitalstocks | 0 comments | Continued(TDG) TransDigm Group Incorporated Beats Estimates
TransDigm Group Incorporated (TDG) reported fourth quarter 2009 earnings per share of 82 cents, beating the Zacks Consensus Estimate of 80 cents. Net sales for the quarter rose 4.3% to $197.4 million from $189.2 million in the comparable year-ago quarter. The favorable contribution...
20Nov2009 | vitalstocks | 0 comments | Continued(JPM) Treasury to Auction TARP Warrants
After almost a year of initiating the $700 billion Troubled Asset Relief Program (TARP) to rescue the nation’s financial industry, the U.S. Treasury Department said on Thursday that it would auction off stock warrants it acquired from three big banks that received a significant...
20Nov2009 | vitalstocks | 0 comments | Continued(NOK) Final Deadline for Nortel Bid
Nortel Network Corp.’s (NT) said that the final auction for acquiring all of its Metro optical and Ethernet Networks division is on Nov 20, 2009. The deal is subject to a competitive bidding process. Nokia Siemens Networks, a joint venture between Nokia (NOK) and Siemens...
20Nov2009 | vitalstocks | 0 comments | Continued(AZN) AstraZeneca Seeks U.S. Food and Drug Administration Approval
Recently, AstraZeneca plc (AZN) announced the submission of a New Drug Application (NDA) to the U.S. Food and Drug Administration (FDA) for its blood clot preventer Brilinta (ticagrelor). Brilinta is an oral reversible P2Y12 adenosine diphosphate receptor antagonist for arterial...
20Nov2009 | vitalstocks | 0 comments | Continued(CHL) Wireless Carrier China Mobile Outlines 4G Plan
China Mobile (CHL), the world’s largest wireless carrier by subscriber, has revealed its plan to commence the trial run of its 4G network during World Expo 2010 to be held in Shanghai from May 1 to Oct 31, 2010. The company’s 4G service is based on the TD-LTE (Time Division...
20Nov2009 | vitalstocks | 0 comments | Continued(POZN) Pozen Initiates New Phase III Trial
This morning, Pozen (POZN) initiated phase III studies on PA-325/40, a fixed-dose combination of 325mg enteric coated aspirin and 40mg of immediate release omeprazole. The phase III program will consist of two pivotal trials conducted under a Special Protocol Assessment (SPA)...
20Nov2009 | vitalstocks | 0 comments | Continued(BIIB) Biogen’s Rituxan Label Expansion Delayed
Biogen Idec (BIIB) and Genentech, Inc., a wholly-owned member of the Roche Group (RHHBY.PK), announced that they have received a complete response letter (CRL) from the U.S. Food and Drug Administration (FDA) for Rituxan. The companies were seeking approval for the use of Rituxan...
20Nov2009 | vitalstocks | 0 comments | Continued(BRKA) Berkshire Hathaway Borrows for Burlington Northern Santa Fe Acquisition
Warren Buffett, the CEO and Chairman of Berkshire Hathaway (BRKA)/(BRKB), announced on Thursday to borrow $8 billion of loan for the acquisition of Burlington Northern Santa Fe Corporation (BNI). Berkshire Hathaway, which already owns a 22% stake in Burlington Northern, announced...
20Nov2009 | vitalstocks | 0 comments | Continued(EEM) Exponential Growth – Finite World
I want to talk about the challenge of exponential growth in a finite world. This is a concept that while on its surface seems easy to get, most people don’t fully grasp it. Any growth rate that is positive will lead to a doubling in size eventually — the higher the growth...
20Nov2009 | vitalstocks | 0 comments | Continued(RDSA) This Small Oil Producer is Ripe for a Takeover – Here’s How to Profit
by Sheena Martin, Contributing Editor Friday, November 20, 2009 Takeovers are big news in the market at the moment. In fact, did you know that takeovers have the biggest one-day gain in stocks for any asset? As my colleague – and takeover expert – Louis Basenese says,...
20Nov2009 | InvestmentU | 0 comments | Continued(IYT) The Transportation Sector: Here Are Three Investments in a Sector That’s Ready to Soar
by David Fessler, Energy & Infrastructure Expert Friday, November 20, 2009: Issue #1142 As the old saying goes, “You’re either a contrarian, or a victim.” It just so happens that one of the savviest contrarians I know is my colleague, Louis Basenese. And nobody takes...
20Nov2009 | InvestmentU | 0 comments | Continued(UHS) Universal Health Services – Beat Expectations in 4 of 4 Quarters – Analysts Raise
Universal Health Services, Inc (UHS) remains a good value as the Zacks Consensus Estimate continues to climb. Company Description Universal Health Services owns and operates facilities for acute care, behavioral care, radiation oncology, and others. The centers provide a variety...
20Nov2009 | vitalstocks | 0 comments | Continued($JWN) Nordstrom Incorporated – Earnings Estimates Rising
Nordstrom Inc. (JWN) continues to trade near its 52-week high on the heels of better than expected Q3 results. Company Description Nordstrom, operates as a specialty fashion retailer for men, woman and children in the United States. The company was founded in 1901 and has a...
20Nov2009 | vitalstocks | 0 comments | Continued(PFG) Principal Financial Group – Bull of the Day
We are upgrading our recommendation on the shares of Principal Financial (PFG) to Outperform. The company’s third quarter operating earnings were much ahead of the Zacks Consensus Estimate, driven primarily by the sequential improvement in domestic as well as global equity...
20Nov2009 | vitalstocks | 0 comments | Continued($SOHU) Sohu.com – Bear of the Day
While Sohu.com’s (SOHU) third-quarter earnings beat the Zacks Consensus estimate and were in line with the company s own guidance, the outlook for the fourth quarter was far below expectation. The company’s operating expenses have been steadily going up, which we...
20Nov2009 | vitalstocks | 0 comments | Continued(CTB) Cooper Tire & Rubber Company – Earnings Beat Expectations – Consensus Estimates Jump
Cooper Tire & Rubber Company (CTB) has surprised on estimates 4 consecutive quarters by an average of 330.99%. The company trades is attractively valued with a forward P/E of 10.6. Company Description Cooper Tire & Rubber manufactures tires for passenger cars, light and...
20Nov2009 | vitalstocks | 0 comments | Continued(DELL) Dell’s Earnings Report Falls Short of Expectations
Dell Inc. (DELL) reported third quarter 2010 EPS of 23 cents, below the Zacks Consensus Estimate of 27 cents. Revenue Revenue for the quarter was $10.75 billion, down 17.0% from $12.97 billion reported in the year-ago quarter and up 1.0% from $10.62 billion reported in the...
20Nov2009 | vitalstocks | 0 comments | Continued(GWW) W.W. Grainger Incorporated Boosted by Acquisitions
W.W. Grainger Inc. (GWW) reported a 3% year-over-year drop in October sales. (October this year had one less selling day compared to October 2008.) The company benefited from a 2% positive contribution from the businesses in Japan and India, 1% from the acquisition of Imperial...
19Nov2009 | vitalstocks | 0 comments | Continued(DVAX) Dynavax Technologies Completes Hep-B Enrollment
Recently, Dynavax Technologies Corp. (DVAX) announced the completion of enrollment for the first of three cohorts of patients receiving DV-601 hepatitis B (HBV) therapy in an open-label, dose-escalating early-stage study. The second cohort has been opened for enrollment. All...
19Nov2009 | vitalstocks | 0 comments | Continued(MEE) Massey Energy Company Acquires Coal Reserve
Massey Energy Company (MEE) has fully acquired 15 million tons of coal reserves in West Virginia from rival Appalachian Fuels LLC, which went bankrupt recently, for over $6 million. Massey has also acquired permits needed to develop infrastructure and plans to begin production...
19Nov2009 | vitalstocks | 0 comments | Continued(GPS) Gap Incorporated – Estimates are Bullish Ahead of Earnings Announcement
Gap Inc. (GPS), which announces third-quarter results after today’s closing bell, just declared a quarterly dividend of $0.085 per share, which translates into an industry-leading dividend yield of 1.5%. The company also reported sales growth for the month of October. Company...
19Nov2009 | vitalstocks | 0 comments | Continued(RSG) Republic Services, Inc Prices Private Offering
Yesterday, Republic Services, Inc. (RSG) priced a private offering of $600 million of 5.25% senior notes due in November 15, 2021. The net proceeds of the offering is expected to be used to finance 7.875% Senior Notes due in 2013, of which $450 million is outstanding, and a portion...
19Nov2009 | vitalstocks | 0 comments | Continued(AMP) Ameriprise Financial Inc. – Earnings Surprised by 63.49% in the Third Quarter
Ameriprise Financial Inc. (AMP) has seen revenue rise as the financial markets have rallied. The company has surprised on estimates 3 out of 4 quarters by an average of 50.73%. Ameriprise is trading with a forward P/E of 14.25. Company Description Ameriprise Financial manages...
19Nov2009 | vitalstocks | 0 comments | Continued(UBS) Moody’s Investors Service Cuts UBS AG’s Ratings
Moody’s Investors Service has cut various ratings on UBS AG (UBS) pointing out the significant challenges the company continues to face in its Investment Banking and Wealth Management businesses. Moody’s has downgraded the bank financial strength rating and the long-term...
19Nov2009 | vitalstocks | 0 comments | Continued(AXP) American Express Company to Buy Revolution Money
American Express Company (AXP) said on Wednesday that it will acquire Internet payment platform Revolution Money for about $300 million. The deal is expected to close in early 2010. Following the closure of the deal, Revolution Money would operate as a subsidiary of AmEx. The...
19Nov2009 | vitalstocks | 0 comments | Continued(OPNT) OPNET Technologies, Inc – Shows Strong Sequential Growth
OPNET Technologies, Inc. (OPNT) analysts are raising estimates after the company showed strong growth in a recent quarterly report. Company Description OPNET provides network management software to optimize performance and availability of communications networks. In contrast...
19Nov2009 | vitalstocks | 0 comments | Continued(MDCO) Medicines Company – Bear of the Day
The Medicines Company’s (MDCO) third-quarter loss per share of 6 cents missed the Zacks Consensus Estimate of a loss of 5 cents. Although Angiomax continues to contribute significantly to revenues, we are concerned about the product losing exclusivity in the U.S. in September...
19Nov2009 | vitalstocks | 0 comments | Continued(CPL) CPFL Energia – Bull of the Day
We are maintaining our Outperform rating on CPFL Energia (CPL). The company posted in-line results for the third quarter of 2009, despite non-recurring items. The company’s outlook for the medium-term remains positive, mainly considering the more relaxed monetary policy...
19Nov2009 | vitalstocks | 0 comments | Continued