Archive for December, 2009
(DISH) Dish Network Coverage Initiated as Neutral
We initiate coverage for Dish Network Corp. (DISH) with a Neutral recommendation. The company together with its subsidiaries operates the DISH Network direct broadcast satellite (DBS) subscription television service in the U.S. servicing more than 14 million subscribers. Dish...
11Dec2009 | vitalstocks | 0 comments | Continued(FACT) Facet Biotech Rejects Biogen Idec Again
Facet Biotech Corp. (FACT) once again rejected Biogen Idec Inc.’s (BIIB) intention to acquire all the outstanding shares of Facet common stock stating that the revised offer is inadequate and not in the best interests of Facet Biotech’s stockholders. Earlier this month,...
11Dec2009 | vitalstocks | 0 comments | Continued(LMT) Lockheed Martin Corporation Pockets Two Contracts
Lockheed Martin Corp. (LMT) pocketed two contracts worth $417 million. The first is worth $318 million for providing services to an anti-explosives Army team in Iraq and Afghanistan. The contract was awarded by the U.S. Army Research Development and Engineering Command in Maryland....
11Dec2009 | vitalstocks | 0 comments | Continued(HNT) Health Net Issues Strong Outlook for 2010
Health Net (HNT) provided a strong outlook for 2010. The company expects earnings per share in the range of $2.30 to $2.40, higher than ours as well as the Street’s expectations. The guidance is based on the expectation that the pending sale of its Northeast businesses will...
11Dec2009 | vitalstocks | 0 comments | Continued(CHU) China Unicom Reveals iPhone Sale Data
China Unicom (CHU), the second largest Chinese wireless carrier, has officially revealed that it has sold more than 100,000 iPhones since the device’s launch in late Oct 2009. The company had previously reported having signed only 5,000 iPhone customers in the first weekend...
11Dec2009 | vitalstocks | 0 comments | Continued(WIN) Windstream Corporation Eyes More Deals
Leading rural telecom carrier Windstream Corporation (WIN) reported that it will continue with acquisitions to expand its business. The company may buy smaller telephone operators and broadband Internet service providers to expand operational scale, subscriber base and product/service...
11Dec2009 | vitalstocks | 0 comments | Continued(XTO) Natural Gas Prices Up on Huge EIA Drawdown
The federal government’s Energy Information Administration (EIA) reported a bigger-than-expected decline in natural gas supplies. Stockpiles held in underground storage in the lower 48 states fell by 64 billion cubic feet (Bcf) for the week ended December 4. The large inventory...
11Dec2009 | vitalstocks | 0 comments | Continued(TNS) TNS Incorporated – Revenues up 58%
TNS, Inc. (TNS) revenues are soaring as new acquisitions start hitting the bottom line. The company also continued it run of earnings surprises, which now stands at 7 in a row. Company Description Transaction Network Services provides data networks for transaction-oriented data....
11Dec2009 | vitalstocks | 0 comments | Continued(SIG) Signet Jewelers Ltd. – Earnings Surprised by 52.94% in the Fiscal Third Quarter 2010
Signet Jewelers Ltd. (SIG) recently surprised on estimates for the fourth quarter in a row as it gains market share as competitors throw in the towel. The company has a forward P/E of 14.42. Company Description Signet Jewelers is a specialty jewelry retailer. The company operates...
11Dec2009 | vitalstocks | 0 comments | Continued(LUFK) Lufkin Industries Incorporated – Earnings Came in Double the Consensus Forecast
Lufkin Industries Inc. (LUFK) is trading near its 52-week high, helped by higher energy prices and an optimistic outlook from management. Company Description Lufkin Industries Inc., and its subsidiaries manufacture and sell oil field pumping and power transmission products worldwide....
11Dec2009 | vitalstocks | 0 comments | Continued(ENR) Energizer Holdings – Bear of the Day
Energizer Holdings (ENR) fourth-quarter results missed Zacks Consensus Estimates due to lower sales in Household Products and an adverse currency impact. The company expects growth in earnings for fiscal 2010 driven by continued reduction in overhead costs. The company stands...
11Dec2009 | vitalstocks | 0 comments | Continued(GPS) Gap, Incorporated – Bull of the Day
We maintain Outperform recommendation on Gap, Inc. (GPS) as we anticipate the company to perform well above the market. The Gap is the leading player in the highly fragmented specialty retail sector, and has a market cap more than double its nearest competitor. The company has...
11Dec2009 | vitalstocks | 0 comments | Continued(KFT) 5 Cheapest Dogs of the Dow – Investment Ideas
The end of the calendar year is a symbolic time for many people because it offers an opportunity to reflect on both shortcomings and achievements. This happens to be particularly true for the investment community. End-of-year results are often used as a measuring stick to differentiate...
11Dec2009 | vitalstocks | 0 comments | Continued(CBE) Cooper Industries – Solid Results and Higher Earnings Forecasts
Cooper Industries plc (CBE), which recently announced the opening of a new manufacturing facility in Dammam, Kingdom of Saudi Arabia, declared a quarterly dividend of 25 cents in early November. The company offers an industry-leading dividend yield of 2.3%. Company Description Cooper...
11Dec2009 | vitalstocks | 0 comments | Continued(PLL) Pall Corporation Matches Earnings Estimates
Pall Corporation (PLL) reported first quarter 2010 earnings per share of 40 cents, matching the Zacks Consensus Estimate. Net earnings were $67.0 million, compared to $43.1 million in the first quarter of fiscal year 2009. First quarter sales were $546.9 million, a decrease of...
11Dec2009 | vitalstocks | 0 comments | Continued(AGCO) AGCO Corporation Expects Weak 2010 Performance
AGCO Corp. (AGCO) provided a preliminary outlook for 2010. The company expects to post a loss in the first quarter of next year. It does not see an improvement in demand compared to 2009. AGCO expects agricultural industry sales to drop 5-10% in North America, and approximately...
11Dec2009 | vitalstocks | 0 comments | Continued(F) Ford Motor’s Fiesta Generates Huge Consumer Response
Ford Motor’s (F) newest small car, Fiesta, has generated a huge response to the consumers in the U.S. after bagging more than 1,000 reservations within six days of launch. Ford intended to woo the market after unveiling of its U.S. version of Fiesta subcompact 2011 at the Los...
11Dec2009 | vitalstocks | 0 comments | Continued(GOL) GOL Linhas Aereas Inteligentes S.A. Sees Improved Demand
Earlier this week, GOL Linhas Aereas Inteligentes S.A. (GOL) announced its preliminary traffic figures for November 2009. GOL reported demand growth of 41.1% compared to November 2008. Domestic market demand increased by 45.9%, while International market demand improved 9.6%....
11Dec2009 | vitalstocks | 0 comments | Continued(CEO) General Motors Busy Replacing Top Brass
It seems that General Motors is trying to gear itself up by refreshing its management positions. The company has removed its Chevrolet Brand Manager, Brent Dewar, after just five months of his posting in July by former Chief Executive Officer (CEO) Fritz Henderson. Dewar will...
11Dec2009 | vitalstocks | 0 comments | Continued(FTE) France Telecom’s Orange Mimics Apple’s App Shop
France Telecom’s (FTE) wireless subsidiary Orange has mirrored Apple’s (AAPL) strategy as the carrier has officially launched its own mobile application store (“Orange App Shop”). This is similar to Apple’s App Store (launched in mid-2008), which has gained...
11Dec2009 | vitalstocks | 0 comments | Continued(PLX) Protalix Biotherapeutics’ Drug Advances
Good news for Protalix Biotherapeutics (PLX) once again! The company completed the submission of its New Drug Application (NDA) with the US Food and Drug Administration (FDA) for taliglucerase alfa, which is meant for the treatment of Gaucher disease. It has been granted orphan-drug...
11Dec2009 | vitalstocks | 0 comments | Continued(MWW) Monster WorldWide Announces Employment Index Dips in November
Monster WorldWide Inc. (MWW) recently announced that the Monster Employment Index declined one point in November as online demand for workers remained weak across the United States. This index observes online job demand on a monthly basis and on a year-over-year basis. The index...
10Dec2009 | vitalstocks | 0 comments | Continued(EE) El Paso Electric Company – Consensus Earnings Estimates Jump
El Paso Electric Company (EE) has surprised on estimates four quarters in a row by an average of 19.23%. The company has attractive valuations. It is trading at 12.9x forward earnings. Company Description El Paso Electric produces electricity for about 360,000 customers in the...
10Dec2009 | vitalstocks | 0 comments | Continued(PCLN) Priceline.com – Bull of the Day
Priceline.com (PCLN) is one of the leading online travel companies in the world. The company’s third quarter results beat consensus estimates on both the top and bottom lines. Management expects strong double-digit bookings growth in both domestic and international businesses...
10Dec2009 | vitalstocks | 0 comments | Continued(EMN) Eastman Chemical Company Discontinues Project
Eastman Chemical Company (EMN) announced yesterday that it has halted operations at the industrial gasification project in Beaumont, Texas, on high operational costs and other factors. In addition to high costs, Eastman attributed the move to a smaller spread between natural...
10Dec2009 | vitalstocks | 0 comments | Continued(XOM) ExxonMobil Corporation on Track at Point Thomson
ExxonMobil Corporation (XOM) is all set to start production from its Point Thomson field in 2014. It has resumed drilling on two wells in this field, PTU-15 and PTU-16, earlier this year. The company drilled these two wells to approximately 5,000 feet during the summer. Located...
10Dec2009 | vitalstocks | 0 comments | Continued(PPG) PPG Industries Inc Agrees to Supply Blast Panels to Protect Troops
The fiber glass segment of PPG Industries Inc. (PPG) has signed an agreement with Ebtech Industrial for the supply of customizable blast panels for personnel and asset protection. The contracts include overseas U.S. military installations. Pittsburgh-based PPG Industries is a...
10Dec2009 | vitalstocks | 0 comments | Continued(TXN) Texas Instruments Inc. – Analysts Bullish on 2010
Texas Instruments Inc. (TXN), the global semiconductor manufacturer, provided a mid-quarter update for the fourth quarter on Dec 8. The company raised its earnings per share guidance and also narrowed the range to 47 cents to 51 cents from 42 cents to 50 cents. The Zacks Consensus...
10Dec2009 | vitalstocks | 0 comments | Continued(NXY) Nexen Inc Provides 2010 Outlook
Nexen Inc. (NXY) plans to spend approximately C$2.5 billion (US$2.4 billion) on capital programs in 2010. Of this total, 72% will go towards its conventional development and exploration, 16% for the development of oil sands, 8% towards exploration and appraisal opportunities...
10Dec2009 | vitalstocks | 0 comments | Continued(STJ) St. Jude Medical Upped to Neutral
We look for global demographic trends — aging populations in developed nations and the rapid urbanization of developing countries — to fuel long-term growth of St. Jude Medical (STJ). These trends give rise to growing demand for cardiovascular health care. However,...
10Dec2009 | vitalstocks | 0 comments | Continued