Archive for December, 2009
(GXDX) Genoptix, Inc. – Sales Were up 58% From Last Year
Genoptix, Inc. (GXDX) continues to pressure its 52-week high as shares ride a trend line that began this summer higher. The company’s better than expected third-quarter results, reported on Nov 5, also helped fuel optimism. Company Description Genoptix, Inc. provides specialized...
16Dec2009 | vitalstocks | 0 comments | Continued(GB) Greatbatch, Incorporated – Bear of the Day
The flurry of acquisition activities in the past few years have expanded Greatbatch‘s (GB) customer base, particularly in orthopedics, and moved its product portfolio into higher growth segments. The company’s move into areas beyond original equipment manufacturing...
16Dec2009 | vitalstocks | 0 comments | Continued($FSLR) First Solar Sets Record for Solar Module Shipments
First Solar Inc. (FSLR) has become the first photovoltaic (PV) company to manufacture and ship more than 1GW of its PV solar modules in fiscal 2009. As the world’s largest solar module manufacturer, First Solar has increased its manufacturing capacity from approximately 75MW...
16Dec2009 | vitalstocks | 0 comments | Continued($CMCSA) Comcast Launches “TV Everywhere”
Yesterday, Comcast Corp. (CMCSA) rolled out a nationwide on-demand, web-based service for subscribers to both its video programming and Internet access. Branded “Fancast XFinity TV,” this on-demand online service is basically a broadband video service that will enable...
16Dec2009 | vitalstocks | 0 comments | Continued(ROK) Rockwell Automation Reaffirms Fiscal 2010 Guidance
Last week, Rockwell Automation Inc. (ROK) reaffirmed its fiscal 2010 guidance. The company forecasts revenues of $4.1 to $4.4 billion and earnings of $1.25 to $1.75 per share for the fiscal year. Rockwell had reported EPS of $1.53, on revenues of $4.3 billion for fiscal 2009. Fiscal...
15Dec2009 | vitalstocks | 0 comments | Continued(BBY) Best Buy Company Beats Consensus Earnings Estimates
Best Buy Company Inc. (BBY) recently reported third-quarter 2010 results. The quarterly earnings of 53 cents a share surpassed the Zacks Consensus Estimate of 43 cents and surged 51.4% from 35 cents delivered in the prior-year quarter. The sustained growth in the top-line, disciplined...
15Dec2009 | vitalstocks | 0 comments | Continued(PAY) VeriFone Holdings Beats Earnings Estimates
VeriFone Holdings, Inc. (PAY) yesterday reported revenues of $217.8 million in its fiscal fourth quarter, up 11% from a year ago level and beating management’s expectations of $208 million to $215 million. International business decreased 14% while net revenues North America...
15Dec2009 | vitalstocks | 0 comments | Continued(ETR) Entergy Extends IT Contract With Science Applications International
Entergy Corp. (ETR) has extended its contract with information technology (IT) services provider – Science Applications International Corp. (SAI) till 2015. The six-year contract carries a total value of more than $219 million. The work on the contract will be performed primarily...
15Dec2009 | vitalstocks | 0 comments | Continued(RDSA) Royal Dutch Shell Wins Iraq Oil Field Contract
Royal Dutch Shell (RDSA) has won a contract to redevelop Iraq’s massive Majnoon oil field. Located in southern Iraq, the Majnoon field holds an estimated 12.8 billion barrels of oil. Shell will operate the Majnoon project and hold a 45% share. Petronas, Malaysia’s state...
15Dec2009 | vitalstocks | 0 comments | Continued(MTU) Mitsubishi UFJ Financial Group Prices Share Offering
Yesterday, Mitsubishi UFJ Financial Group Inc. (MTU) announced that it has set an offer price of $4.83 per share for 2.34 billion shares that it intends to issue. At its Board meeting on Nov 30, Mitsubishi announced to issue 2.34 billion of new shares by way of public offering...
15Dec2009 | vitalstocks | 0 comments | Continued(JASO) JA Solar Holdings Bolstered By Solar Sector Recovery
The gradual recovery of the solar sector bodes well for JA Solar Holdings Co. Ltd. (JASO). The company separately announced a share buyback program and upped its shipments guidance range for the final quarter of fiscal 2009. JA Solar announced that its Board of Directors has...
15Dec2009 | vitalstocks | 0 comments | Continued(ITW) Illinois Tool Works Reports Lower Sales
Illinois Tool Works Inc. (ITW) reported a 13% year-over-year decline in operating revenues for the three months ended Nov 30. The decline in operating revenues was driven by a 15% drop in base revenues, offset by a 2% positive contribution from acquisitions. The Power Systems...
15Dec2009 | vitalstocks | 0 comments | Continued(EFX) Equifax Enhances Product Portfolio
Equifax Inc. (EFX) announced that it is expanding its portfolio of solutions to help credit issuers and lenders gauge the end consumers’ ability to repay the amount within the stipulated time. In order to provide additional services to the end customer, the company has introduced...
15Dec2009 | vitalstocks | 0 comments | Continued(ABT) Abbott Laboratories Aquires Starlims Technologies
Abbott Laboratories (ABT) continues to be in acquiring mode with the company recently announcing that it intends to acquire Starlims Technologies (LIMS) for $123 million in cash. Starlims is a leading provider of laboratory information management systems. It improves the reliability...
15Dec2009 | vitalstocks | 0 comments | Continued(AVT) Avnet Upgrades Earnings Guidance
Avnet, Inc. (AVT) recently upgraded its guidance for the second fiscal quarter mainly due to strength from its Electronics Marketing division. The company now expects sales to come between $4.325 and $4.725, up from the previous guidance of $4.10 billion to $4.70 billion. Revenues...
15Dec2009 | vitalstocks | 0 comments | Continued(SU) Suncor Energy Coverage Initiated at Neutral
We are initiating coverage on Suncor Energy (SU) with a Neutral recommendation and a target price of $36. Calgary, Alberta-based Suncor is one of the leading Canadian integrated oil and gas companies engaged in crude oil and natural gas production, as well as in refining and...
15Dec2009 | vitalstocks | 0 comments | Continued($F) Ford Motor’s Impressive Europe Sales Leaped 19.8% in November
Ford Motor Co’s (F) auto sales in Europe’s 19 core markets have leaped 19.8% to 113,100 vehicles in November. This has resulted in a year-to-date market share of 9.1% for the company, the highest since 1999. The sales included a registration of 99,800 Ford cars, also the...
15Dec2009 | vitalstocks | 0 comments | Continued(GIS) General Mills Raises Dividend 4.3%
The Board of Directors of General Mills (GIS) declared a 4.3% increase in the quarterly dividend to 49 cents per share. This raises the annual dividend by 12% to $1.92 per share compared to $1.72 earlier. The dividend will be paid on Feb 1, 2010 to shareholders on record as at...
15Dec2009 | vitalstocks | 0 comments | Continued(PNC) PNC Financial Services to Close 22 Cincinnati Branches
PNC Financial Services (PNC) yesterday announced that it will close down 22 of its Cincinnati branches in February 2010, with the accounts at those branches being moved to the nearby National City branch due to the significant overlap in the region. Almost all of the workers...
15Dec2009 | vitalstocks | 0 comments | Continued(HAE) Haemonetics Files Patent Infringement Lawsuit Against Fenwal Inc
Haemonetics Corporation (HAE) has recently filed a new lawsuit against Fenwal Inc. regarding the latter’s continued patent infringement with the release of its red cell collection kits. Fenwal allegedly modified its separation chamber to bypass Haemonetics’ patent. The court...
15Dec2009 | vitalstocks | 0 comments | Continued(ZOLL) ZOLL Medical Corporation Upgraded to Outperform
We are upgrading ZOLL Medical Corp. (ZOLL) to Outperform from Neutral. We are pleased with the company’s wide range of products and significant international presence. The company has made multiple acquisitions in the past, which have aided growth and is looking out for more...
15Dec2009 | vitalstocks | 0 comments | Continued(XOM) Industrial Production and Capacity Utilization Rises
This morning, the Federal Reserve released its report on Industrial Production and Capacity Utilization. Both rose more than expected. This is a far more important report than the amount of attention it tends to get in the press. Think of the capacity utilization numbers as...
15Dec2009 | vitalstocks | 0 comments | Continued(SAY) Satyam Computer Services Ltd Settles Upaid Systems Lawsuit for $70M
Satyam Computer Services Ltd (SAY) is paying $70 million to Britain-based Upaid Systems Ltd in a patent suit settlement. Upaid, which offers solutions for payments via mobile phone, filed lawsuits in April 2007 for fraud, forgery and breach of contract. Upaid filed the lawsuit...
15Dec2009 | vitalstocks | 0 comments | Continued(GD) General Dynamics Awarded Contract for U.S. Navy Trident II Missile Program
General Dynamics Corp.’s (GD) business unit General Dynamics Advanced Information Systems has been awarded a contract to produce integrated circuits for the U.S. Navy’s Trident II (D5) ballistic missile program. This is a three-year contract with a total potential value...
15Dec2009 | vitalstocks | 0 comments | Continued(PEP) PepsiCo Signs New Deal With Dr Pepper Snapple Group
PepsiCo (PEP) entered into an agreement with Dr Pepper Snapple Group, Inc. (DPS) to manufacture and distribute certain DPS products following the completion of acquisition of its two anchor bottlers, The Pepsi Bottling Group, Inc. (PBG) and PepsiAmericas, Inc. (PAS). Under the...
15Dec2009 | vitalstocks | 0 comments | Continued(QCOM) Telecom Industry Update – December 2009 – Industry Outlook
The global economic downturn continues to weigh on the fortunes of companies in almost every industry Incorporatedluding telecommunications. Nevertheless, we see a silver lining for the telecommunication industry in this challenging environment as the valuation level now reflects...
15Dec2009 | vitalstocks | 0 comments | Continued(EAT) Brinker International Sells Off 21 Chili’s Grill & Bar Restaurants
Brinker International Inc. (EAT), a leading casual dining restaurant operator, recently entered into a franchise and development deal with franchisee Muy Mucho Group, under which the latter acquired 21 existing Chili’s Grill & Bar restaurants in Kansas, Missouri and...
15Dec2009 | vitalstocks | 0 comments | Continued(CIEN) Ciena Corporation is Removed From The S&P 500
According to Standard and Poor’s latest realignment, Ciena Corp. (CIEN), the telecommunications equipment maker has been removed from the S&P 500 index and has been included in the S&P MidCap 400, replacing Blyth Inc. (BTH). Visa (V) will replace Ciena in the S&P...
15Dec2009 | vitalstocks | 0 comments | Continued(CHL) China Mobile – ADS – Bull of the Day
China Mobile (CHL), the largest wireless carrier in the world, continues to deliver healthy operating results as demonstrated by strong subscriber retention in 2008. As we approach the end of 4th quarter 2009, our opinion remains firm that new competitive entities face unanticipated...
15Dec2009 | vitalstocks | 0 comments | Continued(AES) AES Corporation Selling Interests
AES Corporation (AES) has entered into agreements to sell its entire interests in Oman and Pakistan for approximately $200 million. The transactions are subject to customary purchase price adjustments and approvals and are expected to close during the first half of 2010. The...
15Dec2009 | vitalstocks | 0 comments | Continued