Archive for December, 2009
(KR) Kroger Company’s Earnings Drop
Amid a crumbling economy, plagued by heavy job losses and waning consumer discretionary spending, Kroger Company (KR) reported lower than expected third-quarter 2009 results, dragging the shares down by 11.9% to close at $20.13 on Dec 8, 2009. Kroger’s quarterly earnings of...
9Dec2009 | vitalstocks | 0 comments | Continued(DNDN) Dendreon Corporation Raising Money
Dendreon Corporation (DNDN) announced recently that it will sell 15 million shares of common stock in a public offering underwritten by JP Morgan Securities, a division of JP Morgan Chase & Co (JPM) and Deutsche Bank (DB). The underwriters will have a 30-day option to by...
9Dec2009 | vitalstocks | 0 comments | Continued(TSL) Trina Solar Ltd. – Earnings Estimates Rise
Trina Solar Ltd. (TSL) reported strong Q3 results in mid November that have pushed its share price to a new 52-weke high. Company Description Trina Solar Ltd., through its subsidiaries, designs and manufactures solar modules worldwide. The company was founded in 1997 and has...
9Dec2009 | vitalstocks | 0 comments | ContinuedGeneral Motors to Offload Saab Technology
General Motors has entered discussions with China’s fifth largest automaker, Beijing Automotive Industry Holding Group (BAIC), about a partial sale of assets associated with its Swedish brand, Saab Incorporatedluding tooling and technology. BAIC showed its interest in Saab...
9Dec2009 | vitalstocks | 0 comments | Continued(TWC) Time Warner Cable Inc Gets Coverage Initiated at Neutral
We initiate coverage for Time Warner Cable Inc. (TWC) with Neutral recommendation. Despite the deep recession, Time Warner Cable sharpened its focus on business telecom services to make up for sagging revenues from residential subscribers. The company has hiked its capital spending...
9Dec2009 | vitalstocks | 0 comments | Continued(GD) General Dynamics Corp Tests G650, Wins Contracts
Gulfstream Aerospace, a wholly-owned subsidiary of General Dynamics Corp. (GD), announced the completion of the first series flight tests of the ultra-large-cabin, ultra-long-range Gulfstream G650. During the test, G650 project pilot and senior experimental, along with flight...
9Dec2009 | vitalstocks | 0 comments | Continued(XLNX) Xilinx Increases Earnings Guidance
Xilinx Inc. (XLNX) yesterday upgraded its guidance for the third quarter of fiscal 2010. The company now expects sales in the third quarter to increase 16% – 20% sequentially, up from the previous guidance of around 6% – 10%. The new guidance implies revenues between $481...
9Dec2009 | vitalstocks | 0 comments | Continued(GRMN) Garmin, TomTom in Deep Waters
We have been observing personal navigation device (PND) makers for some time now and one has to admit that they are coming under increasing pressure. The portable navigation market includes archrivals Garmin (GRMN) and TomTom, as well as other smaller players, such MiTAC Digital...
9Dec2009 | vitalstocks | 0 comments | Continued(C) Citigroup Inc Seeks to Repay TARP Fund
Citigroup Inc. (C) is desperately seeking the approval of the U.S. Treasury Department and regulators to repay the bailout money it has received from the government for its participation in the Troubled Asset Relief Program (TARP) at the height of the credit crisis last year. Last...
9Dec2009 | vitalstocks | 0 comments | Continued(ARO) Aeropostale Raises Share Buyback
Aeropostale, Inc. (ARO), a specialty retailer of casual apparel and accessories, targeting young women, men and children, recently announced an authorization by its Board of Directors Incorporatedreasing its share repurchase program by $250 million. This brings the total share...
9Dec2009 | vitalstocks | 0 comments | Continued(ONXX) Onyx Pharmaceuticals gets Positive Data
Recently, Onyx Pharmaceuticals (ONXX) came out with positive data from a phase IIb study of carfilzomib at the 51st annual meeting of the American Society of Hematology (ASH) in New Orleans. We are pleased to see that carfilzomib was found to be well-tolerated in heavily pre-treated...
9Dec2009 | vitalstocks | 0 comments | Continued(MS) Morgan Stanley Shuffles Management
Ahead of James Gorman’s takeover of the CEO position on Jan 1, 2010, Morgan Stanley (MS) on Tuesday shuffled its top management roles. The change includes naming of heads of its core securities business and a new finance chief. Colm Kelleher, CFO and head of global markets,...
9Dec2009 | vitalstocks | 0 comments | ContinuedOil Prices Retreat as Key Players Abandon the Market
This analysis is from Sheena Martin, Contributing Editor, Investment U Wednesday, December 9, 2009 The fundamentals of investing in crude oil are changing. Tuesday marked the fifth straight day that oil futures fell on the NYMEX, extending their losing streak to the longest...
9Dec2009 | InvestmentU | 0 comments | Continued(SHOO) Top Performer for Wed: Steve Madden – Zacks #1 Rank Top Performers
A 5% gain for Steve Madden (SHOO) is going to be enough for this company to make the Zacks #1 Rank Top Performers List on Wednesday. The shoe retailer, which is on the lookout for acquisitions, has a pretty good record of performing in-line or above the Zacks Consensus Estimate...
9Dec2009 | vitalstocks | 0 comments | Continued(MCD) McDonald’s Corporation’s Sales Barely Rise
McDonald’s Corporation’s (MCD) comparable sales for November 2009 showed sluggish growth of 0.7% as against a rise of 7.7% in the same month last year, exposing its sensitivity to rising unemployment, the economic downturn and the discount war among fast-food chains to lure...
9Dec2009 | vitalstocks | 0 comments | Continued(MDRX) Allscripts-Misys Healthcare Solutions Launches New Products
Allscripts-Misys Healthcare Solutions Inc. (MDRX) recently launched two new products ? Allscripts Professional EHR 9.0 and Allscripts Remote for BlackBerry smartphones. Allscripts Professional EHR 9.0 is a premier Electronic Health Record (EHR) system designed for small- and...
9Dec2009 | vitalstocks | 0 comments | Continued(WIN) Windstream Corporation Initiated as Neutral
We initiate our coverage on Windstream Corporation (WIN) with a Neutral recommendation. The company is one of the leading rural telecom carriers in the US with approximately 2.93 million fixed access lines, 1.05 million broadband connections and roughly 323,000 video subscribers....
9Dec2009 | vitalstocks | 0 comments | Continued(BDX) Becton, Dickinson and Co Receives FDA Clearance
Becton, Dickinson and Co. (BDX) recently announced that BD Diagnostics, a segment of BDX, has received U.S. Food and Drug Administration (FDA) clearance to utilize its BD ProbeTec Chlamydia trachomatis (CT) Qx and BD ProbeTec Neisseria gonorrhoeae (GC) Qx Amplified DNA Assays...
9Dec2009 | vitalstocks | 0 comments | Continued(WPI) Watson Pharmaceuticals Inc Acquires Arrow Group
Watson Pharmaceuticals Inc. (WPI) recently completed its acquisition of privately held Arrow Group. The company closed its $1.75 billion cash and stock buyout of Arrow after receiving the green signal from the Federal Trade Commission (FTC). The terms of the deal, initially announced...
9Dec2009 | vitalstocks | 0 comments | Continued(YUM) Yum Brands Confirms 2009 Earnings Outlook
Yum! Brands Inc. (YUM), the parent of the KFC, Taco Bell and Pizza Hut fast-food chains, reiterated its fiscal 2009 earnings per share growth forecast of 12%, excluding one-time items, helped by commodity deflation, lower effective tax rate and the addition of 1,400 new units...
9Dec2009 | vitalstocks | 0 comments | Continued(AU) Take Profits on Gold: The Media’s Dead Wrong About This Market
by Marc Lichtenfeld, Healthcare Expert Wednesday, December 9, 2009: Issue #1154 Now is the time to take profits on gold – at least on a temporary basis. I’m sure I’m going to hear it from the gold bugs now, but my colleague Karim Rahemtulla is right on the money with...
9Dec2009 | InvestmentU | 0 comments | Continued(ATSI) ATS Medical Gets CE Approval
ATS Medical, Inc. (ATSI) recently received CE Mark approval to distribute the ATS 3f Enable Aortic Bioprosthesis in the European Union. The Enable valve is implanted using a sutureless technique. It is the first surgical aortic valve replacement approved for commercial use. The...
9Dec2009 | vitalstocks | 0 comments | Continued(SYNA) The Touchscreen Technology Everybody Wants – And The Stock You Must Have
by Sheena Martin, Contributing Editor Wednesday, December 9, 2009 It’s hard not to like a company that makes user-friendly devices. Enter Synaptics, Inc. (Nasdaq: SYNA), the leading developer of human interface solutions for mobile computing, communications and entertainment...
9Dec2009 | InvestmentU | 0 comments | Continued(CSCO) Cisco Systems Outlines Growth Strategy
CEO John Chambers outlined Cisco Systems’ (CSCO) growth strategy at the company’s analyst day. Other than a reiteration of its long-term revenue growth target of 12-17% a year and its plans of expanding into 30 market adjacencies, management stated that it intends to focus...
9Dec2009 | vitalstocks | 0 comments | Continued(CLWR) WiMAX Remains a Growing Technology
The next-generation (4G) WiMAX network architecture still enjoys a commendable growth potential and generates enthusiasm among U.S. telecom service providers. Recently, 300 WiMAX applications have been submitted to the U.S. government for a total value of $1.6 billion targeting...
9Dec2009 | vitalstocks | 0 comments | Continued($AMZN) Consumer Electronics Stock Review – Industry Outlook
The economic downturn has weighed heavily on the fortunes of the Consumer Electronics industry. Consumer electronics sales stagnated in 2008 and through most of 2009 as a result of the deteriorating economic conditions in the U.S. With little to no revenue growth, consumer electronics...
9Dec2009 | vitalstocks | 0 comments | Continued(EK) Eastman Kodak Disposes OLED Business
Eastman Kodak Co. (EK) announced its plans to sell substantially all the assets associated with its OLED business to a group of LG companies. The company said that this transaction will tighten Kodak’s investment focus and strengthen its financial position. Financial details...
8Dec2009 | vitalstocks | 0 comments | Continued(MI) Moody’s Lowers Credit Ratings of Marshall & Ilsey
Recently, Moody’s Investors Service lowered the ratings of Marshall & Ilsley Corp. (MI) and its subsidiaries. The rating agency also lowered its outlook on the ratings to negative. The company’s senior debt was downgraded by one notch to “Baa1″ (lower...
8Dec2009 | vitalstocks | 0 comments | Continued(PTR) PetroChina Company Seeks More Volumes
PetroChina Company Ltd. (PTR) – the largest integrated oil company in China – plans to drastically increase its output at domestic fields that it operates with foreign companies. To help meet the country’s increasing energy demand, all major oil and gas companies have fine-tuned...
8Dec2009 | vitalstocks | 0 comments | Continued(ESV) Another Newbuild for ENSCO International
ENSCO International Inc. (ESV) expects to take delivery of the third of seven ENSCO 8500 Series ultra-deepwater semisubmersible drilling rigs (ENSCO 8502) in early 2010. This follows the builder’s (Keppel FELS Limited of Singapore) assurance that the manufacture is on time...
8Dec2009 | vitalstocks | 0 comments | Continued