Archive for December, 2009
(CHT) Chunghwa Telecom Reduces MOD Estimate
Chunghwa Telecom Co. Ltd. (CHT) is gradually reducing its subscriber estimation for MOD (multimedia-on-demand) offerings. The company expects its MOD subscribers to reach 700,000 at the end of 2009 and increase to 1 million by the end of 2010. Initially, management provided an...
8Dec2009 | vitalstocks | 0 comments | Continued(SNTS) Santarus FDA Approvals are on a Roll
With two back-to-back U.S. Food and Drug Administration (FDA) approvals in its kitty, Santarus Inc. (SNTS) is on a roll. The company recently received approval for its over-the-counter (OTC) as well as tablet versions of flagship product, Zegerid. Zegerid is Santarus’ lead...
8Dec2009 | vitalstocks | 0 comments | Continued(CAT) Caterpillar Inc. – Surprised Big in the Third Quarter
Caterpillar Inc. (CAT) has posted big surprises on estimates 3 out of the last 4 quarters. Analysts are bullish on 2010, with earnings expected to grow 29%. Company Description Caterpillar manufactures construction and mining equipment, industrial gas turbines and diesel and...
8Dec2009 | vitalstocks | 0 comments | Continued(SJM) The J.M. Smucker Company – Surprised for the 4th Quarter in a Row
The J.M. Smucker Company (SJM) recently reported record second quarter results and raised fiscal 2010 guidance. The company is trading at 14.7x forward earnings. Company Description Smucker manufactures food products in North America Incorporatedluding fruit spreads, coffee,...
8Dec2009 | vitalstocks | 0 comments | Continued(LUV) Southwest Airlines Reports Higher Traffic
Last week Southwest Airlines (LUV) reported that its November traffic has jumped 11.7% over the same month last year. Load factor, or the percentage of available seats filled with passengers, in September rose to 76.5% from 63.2% in the prior-year period. Southwest said paying...
8Dec2009 | vitalstocks | 0 comments | Continued(HRB) H&R Block Beats Consensus Estimates
H&R Block Inc.’s (HRB) second quarter (ended Oct. 31) results were two cents ahead of the Zacks Consensus Estimate. For the quarter, the company reported a net loss from continuing operations of 38 cents per share compared to the Zacks Consensus loss estimate of 40 cents....
8Dec2009 | vitalstocks | 0 comments | Continued(DRQ) Dril-Quip Steady with Deepwater
We continue to believe that Dril-Quip Inc. (DRQ) remains in a sound position on the back of the company’s strong leverage to continued strength in the deepwater drilling markets. Given the operators’ long-term view of these projects, deepwater drilling and other related services...
8Dec2009 | vitalstocks | 0 comments | Continued($C) Entire Citigroup Stake Sold by Kuwaiti Investment Authority
The Kuwait Investment Authority (KIA), the country’s sovereign wealth fund, has sold its entire stake in Citigroup Inc. (C) and made a 37% return on its initial investments. The KIA converted all its preferred shares to common shares and sold the stake for $4.1 billion,...
8Dec2009 | vitalstocks | 0 comments | Continued(AMZN) Amazon.com Inc. – Estimates Jumped Higher After The Good Quarter
Amazon.com Inc. (AMZN) just hit another 52-week high ahead of the holidays and on the heels of the strong Q3 results from late October and rising estimates. Company Description Amazon.com, Inc. operates as an online retailer worldwide. The company was founded in 1994 and has...
8Dec2009 | vitalstocks | 0 comments | Continued(UTI) Universal Technical Institute – Earnings Estimates Rising
Universal Technical Institute, Inc. (UTI) posted another earnings surprise on growing student population and analysts are expecting solid growth. Company Description Universal is a for-profit post-secondary educator specializing in automotive, marine, and motorcycle technical...
8Dec2009 | vitalstocks | 0 comments | Continued(CEO) CNOOC to Double South China Oil Output
CNOOC Ltd. (CEO), one of the three oil companies in China and the country’s largest offshore oil explorer, intends to double its production in the western South China Sea. The company said production from this area may touch 20 million cubic meters by 2015 from 10 million cubic...
8Dec2009 | vitalstocks | 0 comments | Continued($STJ) New Product from St. Jude Medical
St. Jude Medical Inc. (STJ) recently received the U.S. Food and Drug Administration (FDA) approval for marketing the new Penta surgical lead for neurostimulation therapy. The Penta lead provides surgeons a new approach to manage chronic pain through neurostimulation therapy. The...
8Dec2009 | vitalstocks | 0 comments | Continued($CVX) Chevron Seals Mega Liquefied Natural Gas Deal
Chevron Corp. (CVX) – the second-biggest U.S. energy company – entered into a deal to sell 4.1 million tons of liquefied natural gas (LNG) per annum from its Wheatstone venture in Australia. The company said that its Australian subsidiary has signed a long-term agreement...
8Dec2009 | vitalstocks | 0 comments | Continued(ABV) AmBev – Companhia de Bebidas das Americas – Bull of the Day
Our long-term recommendation on Companhia de Bebidas das Americas, or AmBev (ABV), is Outperform. We anticipate the company perform well above the broader market. AmBev is the largest beverage company in South America and commands a strong portfolio of well-established flagship...
8Dec2009 | vitalstocks | 0 comments | Continued(LOW) Cash for Clunkers: Fail
This analysis is by Sheena Martin, Contributing Editor, Investment U Monday, December 7, 2009 On the surface, the headline news from the much-vaunted Cash For Clunkers auto program looks pretty good: August car sales were the highest all year – a 26.5% spike from July’s...
8Dec2009 | InvestmentU | 0 comments | Continued(AZN) AstraZeneca Sees More Good FDA News
Good news for AstraZeneca (AZN) once again! The company received US Food and Drug Administration (FDA) approval for Seroquel XR (quetiapine fumarate) as an add-on treatment to antidepressants in adults with Major Depressive Disorder (MDD). Seroquel XR is an extended-release version...
8Dec2009 | vitalstocks | 0 comments | Continued(AXP) Outstanding Consumer Credit Falling
Yesterday, the Federal Reserve reported that the amount of outstanding consumer credit fell by $3.5 billion in October. As shown in the graph below (from http://www.calculatedriskblog.com/), declining consumer credit is a very unusual occurrence, particularly on a year-over-year...
8Dec2009 | vitalstocks | 0 comments | Continued(NWSA) Q4 S&P Earnings to More than Double – Earnings Trends
Key Points: • Earnings Surprise Ratio (#beat/#miss) at 5.28, almost double normal • Median Earnings Surprise 7.14%, very strong • Year-over-year Earnings Growth Ratio (# Pos Growth/# Neg Growth) at 0.81 • Sales Surprise Ratio at 1.45 • ...
8Dec2009 | vitalstocks | 0 comments | Continued(CVX) Chevron to Shed Retail Profile
Chevron Corp. (CVX) – the second-biggest U.S. energy firm – has decided to withdraw its name from about 1,100 independently owned service stations in the eastern U.S. as part of strategic action to improve the company’s global downstream operations. The San Ramon, California-based...
8Dec2009 | vitalstocks | 0 comments | Continued(PFWD) Phase Forward to Repurchase Shares
Phase Forward Inc. (PFWD) earlier announced that it would repurchase shares worth $40 million over the next twelve months in the open market. The company expects to use cash on hand and cash generated from operating activities to fund repurchases of its common stock. Management...
8Dec2009 | vitalstocks | 0 comments | Continued(DT) Deutsche Telekom To Unlock Broadband Network
German telecom giant Deutsche Telekom (DT) has to open its broadband Internet network to rival operators. The german telecom regulator Bundesnetzagentur has reportedly ordered the country’s incumbent telecom carrier to grant its competitors access to its broadband network infrastructure. As...
8Dec2009 | vitalstocks | 0 comments | Continued(QCOM) Qualcomm Boosts Asian Foothold
The two largest emerging markets of the world, China and India have become the major growth driver for Qualcomm Inc. (QCOM). Despite being the largest CDMA mobile chipset developer of the world, the company is facing reverses in its top-line growth during 2009. Ongoing global...
8Dec2009 | vitalstocks | 0 comments | Continued(KIM) Kimco Realty to Issue Stock to Repay Debt
Kimco Realty Corporation (KIM), a real estate investment trust (REIT), has recently announced plans to issue 25 million shares to raise cash to repay debt. The company will also grant the underwriters a 30-day option to purchase an additional 3.8 million shares to cover any over-allotments....
8Dec2009 | vitalstocks | 0 comments | Continued(CAL) Continental Airlines Issues Convertible Notes
Continental Airlines (CAL) announced that it will be selling $200 million of convertible notes due 2015. Interest on the notes will be payable on Jan 15 and Jul 15 of each year, beginning on Jul 15, 2010. The notes will be unsubordinated, unsecured obligations of Continental...
8Dec2009 | vitalstocks | 0 comments | Continued(AVT) Avnet Aquires Assets to Enter Southeast Asian Market
Avnet, Inc. (AVT) recently acquired certain assets of Sunshine Joint Stock Company of Vietnam, further expanding its presence and customer base in The Association of Southeast Asian Nations (ASEAN). Sunshine is an IT distributor providing server, storage and software products...
8Dec2009 | vitalstocks | 0 comments | Continued(TTM) Tata Motors Ltd. – King of the Road
by Sheena Martin, Contributing Editor Monday, December 7, 2009 We all know that most car manufacturers worldwide have suffered dearly. But while others continue to struggle, one company is emerging from the global recession by catering to one of the fastest growing democracies...
8Dec2009 | InvestmentU | 0 comments | Continued(GPS) Gap Reports Flat Same-Store Sales
Gap Inc. (GPS), a premier international specialty retailer, reported flat same-store sales in Nov 2009 compared to a 10% decrease in the year-earlier period, while overall sales increased 2% year-over-year. Total sales for the month were $1.42 billion compared to $1.39 billion...
7Dec2009 | vitalstocks | 0 comments | Continued(X) World Steel Association Reports Steady Increase in Steel Output
According to the data released by World Steel Association (worldsteel), global crude steel production for the 66 countries reporting to worldsteel improved 13.1% year over year to 112 million tons in October 2009. Following a revision of the September production figures, this...
7Dec2009 | vitalstocks | 0 comments | Continued(GOOG) Google’s Wave Platform Gets Instant Update Capability
Google’s (GOOG) intention of connecting the entire online experience has now gone a step further. Appjet, a San Francisco-based startup company focused on online collaboration has announced that it would be taken over by the search giant. Appjet has a seed capital of $700,000. Appjet’s...
7Dec2009 | vitalstocks | 0 comments | Continued(M) Macy’s Department Stores Show November Sales Drop
Macy’s Inc. (M), the operator of department stores, recently reported a 6.3% decline in total sales for the four-week period ended Nov 28, 2009. Total sales for the month were $2,177 million versus $2,324 million posted in the same month last year. Year to date, total sales...
7Dec2009 | vitalstocks | 0 comments | Continued