Archive for December, 2009
(ESLT) Elbit Systems Incorporated – Net Income Surges
Elbit Systems Inc (ESLT) continued its solid earnings history, beating estimates last month. Analysts are raising estimates keeping shares at a good value. Company Description Elbit Systems makes electronic defense products and systems. The company upgrades existing military...
10Dec2009 | vitalstocks | 0 comments | Continued(PRGO) Perrigo Company – Revenues Spike Year-Over-Year
Perrigo Co. (PRGO) analysts are steadily increasing estimates for the drug company, fueled by the latest earnings surprise. Company Description Perrigo Co. makes OTC and generic prescription drugs, nutritional products, pharmaceutical ingredients, and other consumer products....
10Dec2009 | 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. However, the company reported disappointing third quarter fiscal 2009 results. Earnings...
10Dec2009 | vitalstocks | 0 comments | Continued(KMB) Kimberly Clark Corporation – Discount to the Overall Market
Kimberly Clark Corp. (KMB) hit a new 52-week high last week as the company benefits from lower commodity costs and a value driven consumer environment. Company Description Kimberly-CLark Corp., together with its subsidiaries, manufactures health and hygiene products like tissue...
10Dec2009 | vitalstocks | 0 comments | Continued(AMB) AMB Property Corp Signs New Leases in New Jersey
AMB Property Corp. (AMB), a leading real estate investment trust (REIT), has recently signed leasing agreements for approximately 75,000 square feet at AMB Liberty Logistics Center in northern New Jersey, amid signs of market stabilization. The leased facility is strategically...
10Dec2009 | vitalstocks | 0 comments | Continued(F) Ford Motor Plans Own Battery Systems
Ford Motor (F) has promised to invest up to $500 million in Michigan for the development and production of batteries for hybrid and electric vehicles. In exchange, the company has asked for a tax break in the range of $85 million to $120 million from the Michigan Government for...
10Dec2009 | vitalstocks | 0 comments | Continued(SNTS) Santarus Inc’s Budesonide European Trial Enrolled
Santarus Inc. (SNTS) recently announced that it has finished enrolling patients for a phase III study that is being conducted in Europe with pipeline candidate, budesonide MMX. Santarus is developing the candidate in collaboration with Cosmo Technologies Ltd., a subsidiary of...
10Dec2009 | vitalstocks | 0 comments | Continued(ABK) Ambac Financial Group Falls Below NYSE Standards
Ambac Financial Group (ABK) yesterday announced that it has received notice from New York Stock Exchange (NYSE) that the company has breached the exchange’s listing standard with regard to its share price. The NYSE requires companies to maintain an average closing price of...
10Dec2009 | vitalstocks | 0 comments | Continued(CIEN) Ciena Beats Consensus – Earnings Guidance is Up
Ciena Corporation (CIEN) results (both revenue and earnings per share) for the fourth quarter beat Zacks Consensus Estimates. The company posted better-than-expected results amid cautious consumer spending and weak demand. The more stable macro-economic environment helped the...
10Dec2009 | vitalstocks | 0 comments | Continued(KFY) Korn/Ferry International’s Second Quarter Report is Better than Expected
Korn/Ferry International (KFY) reported better-than-expected fiscal second quarter results primarily due to a strict control over operating expenses. The company posted earnings of 9 cents per share, excluding restructuring charges, compared to the Zacks Consensus Estimate for...
10Dec2009 | vitalstocks | 0 comments | Continued(STP) Suntech Power Holdings Company Gets New Supply Contracts
Suntech Power Holdings Company Ltd. (STP) signed three long-term supply agreements to deliver 490MW of high performance solar modules over the next three years. Under the terms of the agreements, 115MW are planned for supply in 2010, 155MW in 2011 and 220MW in 2012, with the...
10Dec2009 | vitalstocks | 0 comments | Continued(NOV) National Oilwell Varco Makes Twin Purchases
Oilfield service firm National Oilwell Varco (NOV) announced the acquisition of two Asia-based private companies in cash transactions worth about $160 million in total. The purchases include South Korean manufacturing and fabrication outfit Hochang Machinery Industries Co. Ltd....
10Dec2009 | vitalstocks | 0 comments | Continued($BAC) Bank of America Repays TARP Fund in Full
Bank of America Corporation (BAC) said on Wednesday that it has repaid the entire $45 billion of bailout money it received from the government for its participation in the Troubled Asset Relief Program (TARP) at the height of the credit crisis last year and after its purchase...
10Dec2009 | vitalstocks | 0 comments | Continued(WU) Western Union Hikes Dividend 50%
Taking an encouraging step towards gaining investor confidence, on Wednesday Western Union Co. (WU) announced a 50% hike in its quarterly dividend to $0.06 per share, up from $0.04. Additionally, the company board has also sanctioned a $1 billion share repurchase program, spread...
10Dec2009 | vitalstocks | 0 comments | Continued(JPM) Details on TARP Cost Reduction
The cost of running the Troubled Asset Relief Program (TARP) has been reduced by $200 billion by the Obama administration. During August, the administration had calculated that the long-term costs of running the TARP would be $341 billion. The Obama administration intends to...
10Dec2009 | vitalstocks | 0 comments | Continued(UAUA) UAL Corporation Orders Replacement Planes
United Airlines, a subsidiary of UAL Corporation (UAUA), has ordered for 25 Boeing 787-8 aircraft from Boeing Company (BA) and 25 Airbus A350-900 XWB aircraft. The orders are worth $4 billion and $6 billion, respectively, at list prices. Following the purchase, UAL Corp. will...
10Dec2009 | vitalstocks | 0 comments | Continued(JPM) JPMorgan Hit by Consumer Losses
Although the worst of the financial crisis is probably behind us, the second-largest US-based bank, JPMorgan Chase & Co. (JPM) still expects to incur further losses in the forthcoming fiscals owing to credit card services and consumer lending. At current levels, management...
10Dec2009 | vitalstocks | 0 comments | Continued(COST) Costco Wholesale Corporation Reports Earnings in Line
Costco Wholesale Corporation (COST), one of the leading U.S. warehouse club operators, recently reported first-quarter 2010 results. The quarterly earnings of 60 cents a share were in line with the Zacks Consensus Estimate and remained flat compared to the prior-year quarter. Total...
10Dec2009 | vitalstocks | 0 comments | Continued(NYT) Danger! Three Stocks to Avoid in 2010
by Louis Basenese, Small Cap and Special Situations Expert Thursday, December 10, 2009: Issue #1155 “Never lose money.” That’s Warren Buffett’s No. 1 rule of investing. And after a 62% run-up for the S&P 500 from its March 9 low, I suggest you make it your top rule,...
10Dec2009 | InvestmentU | 0 comments | Continued(HUBB) Hubbell Incorporated Lowered to Neutral
Hubbell, Inc.’s (HUBB) third quarter earnings beat the Zacks Consensus by a wide margin, although revenue was more or less in-line. Government initiatives, the company’s market position, the product line-up and acquisition strategy indicate a strong comeback once the...
10Dec2009 | vitalstocks | 0 comments | Continued(PGR) Progressive Corporation’s Earnings Fall
Auto insurer Progressive Corporation’s (PGR) earnings for November fell to 12 cents per share compared with 20 cents in the year-ago period. Though the company achieved a growth in premium writings, the year-over-year decline in earnings reflect a large gain from the sale of...
10Dec2009 | vitalstocks | 0 comments | Continued(REG) Regency Centers Corporation Offers Common Stock
Regency Centers Corporation (REG), a real estate investment trust (REIT) engaged in owning and developing grocery anchored retail shopping centers in the U.S., has recently issued 9.2 million common shares Incorporatedluding 1.2 million shares to cover over-allotments by the...
10Dec2009 | vitalstocks | 0 comments | Continued(HPQ) Hewlett-Packard Wins Service Agreement
At a recent press release, Hewlett-Packard (HPQ) declared that it’s Enterprise Services division has signed a three-year agreement to improve the performance and quality levels of key application support services of Optus, an Australia-based telecommunications company. As per...
10Dec2009 | vitalstocks | 0 comments | Continued(JAVA) Sun Microsystems’ New Servers Gain Strength
Sun Microsystems, Inc. (JAVA) said that its new Sun Fire X4640 server based on the Six-Core AMD Opteron processor is better than the servers provided by International Business Machines (IBM), Hewlett-Packard (HPQ) and NEC Express. The new server helps customers increase data...
10Dec2009 | vitalstocks | 0 comments | Continued(REGN) Regeneron Pharmaceuticals to Expand Research Positions
Regeneron Pharmaceuticals Inc. (REGN) announced recently that is investing $40 million, which will result in the creation of up to 100 jobs in East Greenbush facility in Rensselaer County, coupled with another 300 jobs at its Westchester County facility, both in New York. The...
10Dec2009 | vitalstocks | 0 comments | Continued(MNI) The McClatchy Company Sees Ad Revenue Increase
The McClatchy Company (MNI), the newspaper publisher, recently said that it is seeing some signs of improvement in the advertising environment. The company notified that the rate of fall in advertising revenue is decelerating. Sacramento-based company now expects advertising...
10Dec2009 | vitalstocks | 0 comments | Continued(DPL) DPL Incorporated Raises Dividend
Diversified energy utility DPL Inc. (DPL) increased the quarterly dividend on its common stock from $0.285 to $0.3025 per common share. This action increases the annualized dividend from $1.14 to $1.21. This is the fifth consecutive year the company has raised its dividend. DPL...
10Dec2009 | vitalstocks | 0 comments | Continued(BAC) Initial Jobless Claims Climb Back Up
After five straight weeks of declines, initial jobless claims for unemployment insurance rose by 17,000 last week to 474,000 from an unrevised 457,000 the week before. However, as the higher levels of a month ago roll over, the four-week jobless claims moving average continued...
10Dec2009 | vitalstocks | 0 comments | Continued(F) Good News on U.S. Trade Deficit
The trade deficit in October fell to $32.9 billion from a revised $35.7 billion in September. The trade deficit in September was revised down by $0.8 billion. A decline in the trade deficit is unambiguously good news, especially as it comes in the context of both imports and...
10Dec2009 | vitalstocks | 0 comments | Continued(TEF) Telefonica SA Fixes Brazilian Capital Expenditure
Telefonica SA (TEF), the incumbent telecom carrier in Spain, has released its 2010 capital expenditure (CapEx) guidance for its Brazilian subsidiary Telecomunicacoes de Sao Paulo (TSP). The Spanish telecom giant plans to spend more than R$2 billion (US$1.14 billion) in Brazil...
10Dec2009 | vitalstocks | 0 comments | Continued