Archive for November, 2009
(TM) Toyota Motor Reports 1st Sales Gain in Fifteen Months
Toyota Motor (TM) has posted its first year-over-year monthly sales gain across the globe in 15 months during October. The company’s sales rose 4% to more than 630,000 vehicles. In the U.S., the company’s sales fell 3.5%. However, in the domestic market Toyota’s sales grew...
19Nov2009 | vitalstocks | 0 comments | Continued(SHLD) Sears Holding Company Reports Third Quarter Loss
Sears Holding Corp. (SHLD), the fourth largest broadline retailer in the U.S., reported a third-quarter loss of $127 million or $1.09 per share compared to a loss of $146 million or $1.16 per share in the year-earlier quarter. Although Sears managed to reduce its quarterly loss...
19Nov2009 | vitalstocks | 0 comments | Continued(PDCO) Patterson Companies Meet Earnings Expectations
Patterson Companies, Inc. (PDCO) reported fiscal second-quarter earnings per share of 41 cents, meeting the Zacks Consensus Estimate. However, earnings were better than the year-ago figure of 40 cents. Sales Total sales in the reported quarter increased 7% year over year to roughly...
19Nov2009 | vitalstocks | 0 comments | Continued(GYMB) The Gymboree Corporation Beats Expectations – Outlook Down
The Gymboree Corp. (GYMB) reported its fiscal third quarter results after the closing bell on Wednesday. The company posted earnings of $34.8 million, a growth of 12.6% from $30.9 million recorded in the year-ago period. Earnings per share came in at $1.15, which topped the Zacks...
19Nov2009 | vitalstocks | 0 comments | Continued(DOV) Dover Corporation is on Acquisition Spree
Dover Corp. (DOV), a diversified manufacturer of industrial products, announced that Hill PHOENIX, its operating company has acquired Barker Co. Ltd. and its sister company, Barker Sales and Service, Inc. (the Barker Co.). The Barker Co. specializes in manufacturing refrigerated,...
19Nov2009 | vitalstocks | 0 comments | Continued(GR) Goodrich Corporation to Acquire AIS Global
Goodrich Corporation (GR) has signed an agreement to acquire AIS Global Holdings LLC for approximately $375 million. AIS Global also known as Atlantic Inertial Systems is a leading provider of mission-critical guidance, stabilization and navigation products and systems for the...
19Nov2009 | vitalstocks | 0 comments | Continued(NTAP) NetApp Tops Expectations – Outlook Positive
NetApp Inc. (NTAP) reported second-quarter EPS of 37 cents, exceeding the Zacks Consensus estimate of 19 cents per share. Revenues The company reported second-quarter revenues of $910.0 million, down 0.2% from $912.0 million reported in the year-ago quarter. Foreign currency...
19Nov2009 | vitalstocks | 0 comments | Continued(BAC) Initial Jobless Claims Report is Flat
This week, initial claims for unemployment insurance (or jobless claims) were 505,000, the same as last week’s revised figure. However, the initial read was 502,000, so it is just as valid to see this as a 3,000 increase. That, however, is not much in the overall scale of things. The...
19Nov2009 | vitalstocks | 0 comments | Continued(BA) Boeing Delivers First 777-300ER Aircraft to GE Capital Aviation Services
Boeing Co. (BA) delivered its first 777-300ER (Extended Range) airplane to GE Capital Aviation Services and its lease customer Philippine Airlines. It is the first 777 in the fleet of Philippine Airlines. The aircraft was packed with relief supplies for victims of Typhoon Ketsana. The...
19Nov2009 | vitalstocks | 0 comments | Continued(FOSL) Fossil Inc. – Cash Balance Increased to $306.7 Million From $125.2 Million
Fossil Inc. (FOSL) recently gapped higher and hit a new 52-week high on a strong Q3 earnings surprise. Company Description Fossil, Inc. develops and sells various fashion accessories like apparel, jewelry, handbags and watches worldwide. The company was founded in 1984 and has...
19Nov2009 | vitalstocks | 0 comments | Continued(PFE) Pfizer Earns Panel’s Backing for Prevnar 13
Pfizer (PFE) announced that the US Food and Drug Administration’s (FDA) Vaccines and Related Biological Products advisory committee voted in favor (10 to 1) of data presented to support the safety and effectiveness of Prevnar 13, its 13-valent pneumococcal conjugate candidate...
19Nov2009 | vitalstocks | 0 comments | Continued(NTT) Nippon Telegraph & Telephone Corp Headed for India
The severe economic recession and maturity of the Japanese telecom market have compelled Nippon Telegraph & Telephone Corp. (NTT) to look at other geographies. Industry sources say the company has started negotiations with Patni Computer Systems, the sixth largest software...
19Nov2009 | vitalstocks | 0 comments | Continued(PBR) Petroleo Brasileiro S.A.’s Profit Exceeds Estimates
Brazilian energy giant Petroleo Brasileiro S.A. (PBR), or Petrobras S.A. announced encouraging third quarter results, helped by strong performance from the Supply segment. Earnings per ADR came in at R$1.66 (96 cents), comfortably beating the Zacks Consensus Estimate of 80 cents....
19Nov2009 | vitalstocks | 0 comments | Continued(GENZ) Genzyme Corporation’s Problems Continue
Genzyme Corporation’s (GENZ) problems continue with the company recently announcing the discontinuation of the development of its kidney disease drug. Genzyme reported results on its advanced phosphate binder (APB) from a phase II/III study. Although the candidate met its primary...
19Nov2009 | vitalstocks | 0 comments | Continued($HOT) Hotels and Lodging – Zacks Analyst Interviews
The operating environment in the hotels and lodging sector has continued to deteriorate in the last few quarters, and we expect hotel industry operating metrics to remain stretched in the near term. As the recession continues, both business and leisure travelers are cutting back...
19Nov2009 | vitalstocks | 0 comments | ContinuedSenior Secured Floating Rate Bonds: The Best Investments to Own When Interest Rates Rise
by Louis Basenese, Small Cap and Special Situations Expert Thursday, November 19, 2009: Issue #1141 With interest rates resting at historic lows, we can all agree they will eventually rise. And when they do, you’ll want to make sure you own something called Senior Secured...
19Nov2009 | InvestmentU | 0 comments | Continued($AET) Aetna Costs Costs by Slashing Jobs
In a bid to become more efficient, the health insurer Aetna Inc. (AET) announced on Wednesday its intention to shed a total of 1,250 jobs or about 3.5% of its total workforce by the first quarter of 2010. Management intends to do so in two phases, by slashing 625 jobs now and...
19Nov2009 | vitalstocks | 0 comments | Continued(CNQR) Concur Technologies Inc Matches Analyst’s Estimates
Concur Technologies Inc (CNQR) reported 2009 fourth quarter earnings per share from continuing operations of 14 cents, matching the Zacks Consensus Estimate. Concur reported total revenue for the fourth quarter of fiscal 2009 of $64.8 million, driven by subscription revenue....
19Nov2009 | vitalstocks | 0 comments | Continued(AAPL) South Korea Welcomes Apple’s iPhone
Apple Inc.’s (AAPL) iPhone is finally reaching the hands of South Korean mobile users. The country’s telecom regulator Korea Communications Commission (“KCC”) has granted Apple the license to sell the iconic handset in the domestic cell phone market. KCC has also...
19Nov2009 | vitalstocks | 0 comments | Continued($BAC) Mortgage Bankers Association Reports Mortgage Delinquencies at Record High
The Mortgage Bankers Association (MBA) reported today that mortgage delinquencies hit a record high in the third quarter: “The delinquency rate for mortgage loans on one-to-four-unit residential properties rose to a seasonally adjusted rate of 9.64 percent of all loans...
19Nov2009 | vitalstocks | 0 comments | Continued(IRM) Iron Mountain Incorporated Downgraded
We are downgrading Iron Mountain Incorporated (IRM) to Neutral from Outperform with a lower six-month price target of $26.00, as we don’t see any near-term drivers of growth. Our price target represents a 2010 P/E multiple of 24.3x, a premium to the industry average. We currently...
19Nov2009 | vitalstocks | 0 comments | Continued(AIG) Chinatrust Buys Stake in American International Group Unit
Chinatrust Financial Holding Company, the biggest credit card issuer of Taiwan , said on Tuesday that it will buy a 30% stake in American International Group Inc.’s (AIG) Taiwan life insurance unit, Nan Shan Life Insurance Company, for $660 million from Hong Kong-based...
18Nov2009 | vitalstocks | 0 comments | Continued(WMB) Williams Companies Files with Federal Energy Regulatory Commission for Expansion
Williams Companies Inc. (WMB) has filed an application with the Federal Energy Regulatory Commission (FERC) to expand its Transco natural gas pipeline to serve markets in the southeastern United States. On approval from FERC, Williams expects the Mobile Bay South II Expansion...
18Nov2009 | vitalstocks | 0 comments | Continued(ALKS) Good News for Alkermes’ Drug Pipeline
Recently, Alkermes Inc. (ALKS) announced that its drug Vivitrol, which is indicated for the treatment of alcohol dependence, also helped opioid addicts stay away from drugs. Data from the six-month late-stage trial (n=250) demonstrated that subjects injected with Vivitrol (naltrexone...
18Nov2009 | vitalstocks | 0 comments | Continued(AOB) American Oriental Bioengineering’s Earnings Disappoint
American Oriental Bioengineering’s (AOB) third quarter earnings per share came in at 13 cents, well below the Zacks Consensus Estimate of 19 cents and 21 cents in the year ago period. The company derives revenues from two operating segments – Manufacturing and Distribution....
18Nov2009 | vitalstocks | 0 comments | Continued(SBS) Companhia de Saneamento Basico do Estado de Sao Paulo Maintains Outperform Rating
Yesterday before market opened, Companhia de Saneamento Basico do Estado de Sao Paulo – SABESP (SBS), one of the largest water and sewage service providers in the world based on the number of customers, announced encouraging results for the third quarter of 2009. During...
18Nov2009 | vitalstocks | 0 comments | Continued(GMCR) Green Mountain Coffee Roasters Aquires Timothy’s Coffees of the World
Green Mountain Coffee Roasters, Inc. (GMCR) recently acquired Timothy’s Coffees of the World, Inc., an affiliate of Sun Capital Partners, Inc. The acquisition was a cash transaction of approximately $157 million. The acquisition includes the Timothy’s World Coffee brand and...
18Nov2009 | vitalstocks | 0 comments | Continued(PCG) California May Ban High-Watt TVs
The California Public Utilities Commission (CPUC) is evaluating a proposal to ban energy-inefficient television sets in the state. The proposal intends to lower electricity demand, and if implemented would be a first in the country. This would stipulate televisions sold in California...
18Nov2009 | vitalstocks | 0 comments | Continued(MDVN) Medivation Incorporated Starts New Alzheimer’s Trials
Earlier this month, Medivation, Inc. (MDVN) and Pfizer, Inc. (PFE) initiated two phase III studies, CONTACT and CONSTELLATION, with Dimebon in patients with moderate-to-severe Alzheimer’s disease (AD). Dimebon is being developed in collaboration with Pfizer for the treatment...
18Nov2009 | vitalstocks | 0 comments | Continued(CRM) Salesforce.com Up on Earnings, Revenues Reports
Salesforce.com (CRM) reported third quarter EPS of 34 cents, which exceeded the Zacks Consensus Estimate of 16 cents per share. Revenue Revenue for the third quarter was $330.5 million, an increase of 20.0% from $276.5 million reported in the year-ago quarter and an increase...
18Nov2009 | vitalstocks | 0 comments | Continued