Archive for December, 2009
($AAPL) What Investors Need To Know About Android’s Upcoming iPhone “Shuffle.”
Tony Daltorio, Investment U Research Name any internet-connected device and you’re bound to find an application or “app” store for it. It’s all the rage these days, and every telecommunications company worth mentioning has put significant time, money and resources into...
31Dec2009 | InvestmentU | 0 comments | ContinuedGet Ready for 2010: What You Need to Know Before You Start Investing
Jeannette Di Louie, Investment U Research Team Last year left investors hoping for positive change, and they certainly seemed to have gotten it in 2009. Though the Dow plummeted to a bruising low of 6,547 in March, the major U.S. indexes have since largely reflected a more upbeat...
31Dec2009 | InvestmentU | 0 comments | Continued(KR) Kroger Company – Bear of the Day
Kroger Co. (KR) is not immune to the tough economic environment. The intensifying price war among grocery stores to lure budget-constrained consumers has compelled Kroger to cut prices, hurting its sales and margins. The company reported lower-than-expected third-quarter 2009...
31Dec2009 | vitalstocks | 0 comments | Continued(AVP) Avon Products Incorporated – Return on Equity of 87% Crushes Industry Average
Avon Products Inc. (AVP) continues to see a higher Zacks Consensus Estimates. For the current full year, the earnings forecast stands at $1.72 per share, up from $1.66 over the past 90 days. For 2010, the projection of $2.20 rose from the 3 months-ago level of $2.10. Company...
31Dec2009 | vitalstocks | 0 comments | Continued(TSL) Trina Solar Limited – Revenue Up 67% – Bullish Comments
Trina Solar Ltd. (TSL) continues to soar on upward estimate revisions after announcing excellent quarterly results. Company Description Trina Solar makes solar modules. The company offers products from residential to industrial use and operates out of China. Revenue Up 67% Trina...
31Dec2009 | vitalstocks | 0 comments | Continued(PTR) PetroChina – ADR- Bull of the Day
We are upgrading PetroChina (PTR) ADRs to Outperform from Neutral, reflecting the company’s leverage to the fast-growing Chinese market and the turnaround in commodity prices. Being one of the two Chinese integrated oil companies, PetroChina is well-positioned to capitalize...
31Dec2009 | vitalstocks | 0 comments | Continued(WHR) Whirlpool Corporation – Next-Year’s Earnings Estimates Are Very Bullish
Whirlpool Corp. (WHR) has had a great year in spite of the challenging consumer environment, relying on cost cutting and growing international exposure to produce strong earnings. Company Description Whirlpool Corp. develops and manufactures home appliances worldwide. The company...
31Dec2009 | vitalstocks | 0 comments | Continued(RSH) RadioShack Corporation – iPhone Expected to Boost RadioShack
RadioShack Corporation (RSH) has surprised on estimates 2 out of the last 4 quarters by an average of 19.49%. RSH is trading with a forward P/E of 12.34. Company Description RadioShack is an electronics retailer with about 4,470 company-operated stores, 1,300 dealer outlets and...
31Dec2009 | vitalstocks | 0 comments | Continued(FNM) Pay Czar Says Fannie Mae and Freddie Mac Are Being Discriminated Against
U.S. pay czar Kenneth Feinberg said on Wednesday that mortgage finance giants Fannie Mae (FNM) and Freddie Mac (FRE) are being discriminated, with respect to pay restrictions, from other companies receiving significant financial support from the government as they countenance...
31Dec2009 | vitalstocks | 0 comments | Continued(CGEN) Compugen Limited Raises $20 Million in Share Sale
Compugen Ltd. (CGEN) announced on Wednesday that it has raised $20 million through a share sale. The Israel-based company sold approximately 4.1 million ordinary shares at an average price of $4.91 each in the open market during the period November 13, 2009 to December 29, 2009. Compugen...
31Dec2009 | vitalstocks | 0 comments | Continued(XRAY) DENTSPLY International Analysts Initiate Coverage as Neutral
We recently initiated coverage on DENTSPLY International Inc. (XRAY) with a Neutral recommendation. We rate the stock Neutral with a target price of $37 based on a P/E of 18.3x our 2010 EPS estimate of $2.02. DENTSPLY reported third quarter fiscal 2009 earnings per share of 44...
31Dec2009 | vitalstocks | 0 comments | Continued(NWSA) News Corporation’s Fox Shows Could Be Missing From Time Warner Cable
As the contract expires at midnight Dec 31, News Corp. (NWSA) could discontinue broadcasting hit programs from the Fox Broadcast Network on Time Warner Cable Inc. (TWC), with ongoing negotiations unable to find a mutually agreeable solution. The dispute has stemmed from the disagreement...
31Dec2009 | vitalstocks | 0 comments | Continued(VOD) Vodafone Group Buys Turkish Telecom Operator
Vodafone Group Plc (VOD), the largest wireless carrier in the world by revenue, is reportedly buying the entire stake in the Turkish fixed-line voice and Internet service provider Borusan Telekom. However, the UK-based telecom titan has not provided financial details of the deal....
31Dec2009 | vitalstocks | 0 comments | Continued(CIEN) Ciena Corporation Earns Canadaian Approval For Nortel Business Bid
The telecommunications network specialist Ciena Corporation (CIEN) announced that it has received regulatory approval under the Investment Canada Act for the proposed acquisition of Nortel Network Corp.’s optical networking and carrier ethernet business for a total consideration...
31Dec2009 | vitalstocks | 0 comments | Continued(BAC) Report Shows Initial Jobless Claims Still Falling
Initial claims for unemployment insurance continued their descent this week, falling by 22,000 to 432,000. This was well below consensus expectations of 460,000 new claims. The 4-week moving average also fell, but not as sharply, down 5,500 to 460,250. Given the inherent week-to-week...
31Dec2009 | vitalstocks | 0 comments | Continued(JNJ) Johnson and Johnson Suffers Another Pipeline Setback
Johnson and Johnson (JNJ) has received yet another setback related to its pipeline candidate ceftobiprole, a broad-spectrum antibiotic ? aiming the methicillin-resistant Staphylococcus aureus (MRSA) ? for the treatment of complicated skin infections and nosocomial pneumonia....
31Dec2009 | vitalstocks | 0 comments | Continued(LMT) Lockheed Martin Corporation Sells F-16s to Egypt
Lockheed Martin Corporation (LMT) will sell 24 F-16 fighter aircraft to Egypt for more than $3.2 billion. The U.S. and Egyptian governments have signed the agreement, which would upgrade Egypt’s existing F-16 fleet. Lockheed Martin’s F-16s are powered by the General Electric...
31Dec2009 | vitalstocks | 0 comments | Continued(MFE) McAfee’s Issues 2010 Cybercrime Threat Predictions
In a recent press release, McAfee Inc. (MFE) disclosed its 2010 Threat Predictions report. In this report the cyber security major stated that, it expects cybercriminals to target social networking sites and third-party applications and use more complex Trojans and botnets to...
31Dec2009 | vitalstocks | 0 comments | Continued(ZION) Zions Bancorporation Replaces Cash with Stock for Top Executives
Focusing on damage control after the financial crisis, on Dec. 28, Zions Bancorporation (ZION) announced its decision of awarding bonus to its 25 top executives in the form of stock in lieu of cash payments. The decision has been made in order to conform to the regulations under...
31Dec2009 | vitalstocks | 0 comments | Continued(BRCM) Broadcom Settles Securities Class Action Lawsuit
Broadcom Corporation (BRCM) recently announced that it has agreed to settle the securities class action litigation pending against the company and certain of its current and former officers and directors. The class action was primarily related to the company’s historical...
31Dec2009 | vitalstocks | 0 comments | Continued(VICL) Vical Cancer Drug Gets Good News
Vical Inc. (VICL) announced recently that its cancer drug candidate Allovectin-7 has received a positive opinion from an independent safety review board. The board recommended the continuation of the late-stage study of Allovectin-7. The study is being funded by Japan’s...
31Dec2009 | vitalstocks | 0 comments | Continued(AMCC) AppliedMicro Circuits Selects Cadence Design Systems for Advance-Node Designs
Earlier this month, AppliedMicro Circuits Corporation (AMCC) announced that it has selected an Encounter Digital Implementation (EDI) System from Cadence Design Systems, Inc. (CDNS) for its complex advanced-node designs. This EDI System joins other multiprocessing-capable offerings...
31Dec2009 | vitalstocks | 0 comments | Continued($ISRG) Intuitive Surgical Downgraded to Neutral
We have recently downgraded Intuitive Surgical Inc. (ISRG) to Neutral as a result of its limited upside potential to the stock at the current level. At the current price, the Intuitive stock is trading at roughly 42.9x our fiscal 2010 EPS estimate of $7.15, considerably higher...
30Dec2009 | vitalstocks | 0 comments | Continued(GAS) Analysts Initiating Nicor at Neutral
We are initiating coverage on Nicor Inc. (GAS) with a Neutral recommendation and a target price of $45. Nicor’s core regulated gas distribution business, Nicor Gas, boasts of a large, stable, residential, and commercial customer base of more than 2 million with sustainable...
30Dec2009 | vitalstocks | 0 comments | Continued(CNX) CONSOL Energy’s Fola to Resume Operations
Yesterday, Judge Robert C. Chambers, of the United States District Court for the Southern District of West Virginia, ruled that CONSOL Energy Inc’s (CNX) Fola Operations near Bickmore, West Virginia, can continue operations past the judge’s previously imposed deadline...
30Dec2009 | vitalstocks | 0 comments | Continued(ANF) Abercrombie & Fitch Reports Strong Holiday Sales
Abercrombie & Fitch Co. (ANF), a leading international specialty retailer, reported strong holiday sales as U.S. retailers performed relatively better this year compared to the dismal holiday season of 2008. According to the data released by SpendingPulse, a unit of MasterCard...
30Dec2009 | vitalstocks | 0 comments | Continued(BAC) Bank of America Announces Plan to Simplify Mortgage Disclosures
Bank of America Corporation (BAC) said on Tuesday that it would develop a program to simplify its modified mortgages disclosure. The modified disclosure will convey straightforward key borrowing terms to customers who have agreed to a permanent mortgage modification under the...
30Dec2009 | vitalstocks | 0 comments | Continued(AZN) AstraZeneca Strengthens Pipeline With French Aquisition
Recently, AstraZeneca (AZN) decided to acquire a France-based research company Novexel for an initial payment of $350 million and another $80 million for Novexel’s cash balance. Novexel is also eligible to receive another $75 million on the achievement of certain milestones....
30Dec2009 | vitalstocks | 0 comments | Continued(JOE) The St. Joe Company Sells Non-Strategic Assets
The St. Joe Company (JOE), a publicly held operationally diversified real estate company, recently sold St. Johns Golf & Country Club, an 18-hole daily fee course, clubhouse and maintenance facility, for $2.4 million. The asset was sold to Billy Casper Golf Management, a...
30Dec2009 | vitalstocks | 0 comments | Continued(TEVA) Teva Pharmaceutical Industries Bolsters Position in Japan
Generic player Teva Pharmaceutical Industries Ltd. (TEVA) recently announced that its joint venture in Japan will acquire a majority stake in Taisho Pharmaceutical Industries, Ltd. Teva-KOWA Pharma Co., Ltd., Teva’s joint venture in Japan with KOWA Company, Ltd., will acquire...
30Dec2009 | vitalstocks | 0 comments | Continued