Archive for December, 2009
(SNP) China Petroleum & Chemical Company Inks Gas Deal with Exxon
The China Petroleum & Chemical Company, or Sinopec (SNP) has signed a 20-year agreement with ExxonMobil Corporation (XOM) to buy liquefied natural gas (LNG) from the Papua New Guinea project. Papua New Guinea is an integrated natural gas project that covers the exploration,...
4Dec2009 | vitalstocks | 0 comments | Continued(LLY) Eli Lilly & Company’s Effient Proves Its Worth
Recently, Eli Lilly & Co.’s (LLY) Effient (prasugrel) received a major boost when it was added as a treatment option in two clinical guideline updates. These were for patients receiving percutaneous coronary intervention (PCI) and for patients with ST elevation myocardial...
4Dec2009 | vitalstocks | 0 comments | Continued(BAX) Baxter International Gets H1N1 Vaccine Order
Baxter International Inc. (BAX) recently received another order for 10,000 H1N1 vaccines, commonly known as “swine flu,” from Slovenia. The order is worth $158,700 (105,000 euros). It is estimated that the number of vaccines ordered is sufficient to cover 5,000 people...
4Dec2009 | vitalstocks | 0 comments | Continued(SKM) SK Telecom Taking On iPhone
South Korea’s incumbent wireless operator SK Telecom (SKM) is boosting its handset portfolio to take on Apple’s (AAPL) iPhone, which was launched recently by its rival KT Corp (KTC) in the country. SK Telecom has announced its plans to market Motorola’s (MOT) Droid smartphone....
4Dec2009 | vitalstocks | 0 comments | Continued(NKE) As The Bulls Run Wild – Here Are Three Ways to Protect Your Profits
by Marc Lichtenfeld, Healthcare Expert Friday, December 4, 2009: Issue #1151 Like a dog getting out of the ocean, the market’s current reaction to bad news is to simply shake it off and run onto the next thing. Dubai can’t pay its bills? No worries – the market immediately...
4Dec2009 | InvestmentU | 0 comments | Continued(IM) Ingram Micro Inc – Surprised by 45% in the Third Quarter
Ingram Micro Inc. (IM) saw sequential sales rise 12% in the third quarter as the global economy improved. The company trades with a forward P/E of 14. Company Description Ingram Micro distributes technology from 1500 vendors to customers in 150 countries around the world. It...
3Dec2009 | vitalstocks | 0 comments | Continued(TDSC) 3D Systems Corp – Strong Sequential Earnings Growth
3D Systems Corp (TDSC) continues to climb on upward estimate revisions, driven by its latest quarterly report. Company Description 3D Systems prints 3-D images, Rapid Prototyping, and Manufacturing parts. The company’s services allow manufactures to create parts from a...
3Dec2009 | vitalstocks | 0 comments | Continued(LMNX) Luminex Corporation – Bear of the Day
Luminex Corporation (LMNX) reported a third-quarter loss of $0.6 million or a penny per share as opposed to a net income of $3.2 million or 8 cents per share in the comparable period of 2008. The Zacks Consensus Estimate for the reported quarter was for a gain of 7 cents. The...
3Dec2009 | vitalstocks | 0 comments | Continued(BAC) Initial Unemployment Claims Fall Again
We got some more good news on the intial claims for unemployment insurance front today, with the number of new claims dropping to 457,000, a decline of 5,000. That brought the four-week moving averge down to 481,250, a drop of 14,250. The decline in this week’s initial...
3Dec2009 | vitalstocks | 0 comments | Continued(SON) Sonoco Products Company Invests in Growth
Sonoco Products Company (SON) completed the acquisition of injection molded plastics spools and reels assets of EconoReel Corporation. The company did not disclose the terms of the deal. Through this transaction, Sonoco acquired a molded plastics spools and reels manufacturing...
3Dec2009 | vitalstocks | 0 comments | Continued(INTU) Intuit Sells Real Estate Business
Intuit Inc (INTU) recently signed an agreement to sell Intuit Real Estate Solutions (IRES) to Vista Equity Partners for approximately $128 million in cash. Based in Highland Hills, Ohio, IRES is part of Intuit’s global business division and is a leading provider of software...
3Dec2009 | vitalstocks | 0 comments | Continued(TDS) Telephone and Data Systems Buys Union Telephone
TDS Telecom, a subsidiary of Telephone and Data Systems (TDS), has reportedly completed the acquisition of New Hampshire-based privately held regional telecom operator Union Telephone Company Inc. TDS Telecom entered into a definitive agreement to acquire Union Telephone in August...
3Dec2009 | vitalstocks | 0 comments | Continued(CTXS) Citrix Systems Initiated as Neutral
We initiate coverage for Citrix Systems Inc. (CTXS) with a Neutral recommendation. The company is a leading provider of virtualization, networking and cloud computing solutions for more than 230,000 organizations worldwide. According to our assessment, the virtualization market...
3Dec2009 | vitalstocks | 0 comments | Continued(MGA) General Motors to Cut Jobs in Opel Unit
General Motors (hereafter, GM) announced that it will downsize 354 employees at its Opel/Vauxhall plant in Luton, England, as a part of its European restructuring actions. The plant manufactures vans for Opel, Vauxhall, Nissan and Renault. GM has revealed the restructuring actions...
3Dec2009 | vitalstocks | 0 comments | Continued(ABX) Barrick Gold Corp Breaks Free of Hedges
Canadian gold miner Barrick Gold Corp. (ABX) has eliminated its gold hedges and now has full leverage to the gold price on the industry’s largest gold production and reserves. Barrick now expects to fully benefit from the rising gold prices. Gold hedges are fixed price...
3Dec2009 | vitalstocks | 0 comments | Continued(DELL) Dell Launches New Mobile Workstation
Dell Inc. (DELL) recently launched a mobile workstation named Dell Precision M6500, which it claims to be the world’s most powerful mobile workstation. The product is specially targeted at creative persons, animation professionals, designers, engineers and other professionals...
3Dec2009 | vitalstocks | 0 comments | Continued(CEG) Constellation Energy Group to Acquire Wind Power Project
Constellation Energy Group Inc. (CEG) signed an agreement with Clipper Windpower Inc. to acquire the Criterion wind project in Garrett County, Maryland. The $140 million, 70 MW wind energy project would be developed, constructed, owned and operated by Constellation Energy. This...
3Dec2009 | vitalstocks | 0 comments | Continued(AMZN) Amazon.com – Bull of the Day
Amazon.com (AMZN) is one of the largest online retailers in the world. Although North America revenue has been somewhat impacted by the recession, the company is seeing a very strong holiday season. The higher-margin international business has also been growing, resulting in...
3Dec2009 | vitalstocks | 0 comments | Continued(PSS) Collective Brands Jumps Ahead of Estimates
Collective Brands, Inc. (PSS), the wholesaler and retailer of footwear and related accessories, recently reported third-quarter 2009 results that topped Zacks expectations on the heels of strong boot sales and “back to school” season. The quarterly earnings of 61...
3Dec2009 | vitalstocks | 0 comments | Continued(WMB) The Williams Companies’ Pipeline Project Approved
The Williams Companies (WMB) said that the Federal Energy Regulatory Commission (FERC) permitted its majority-owned subsidiary, Northwest Pipeline GP, to build and operate a 15.5-mile pipeline to transport natural gas from the Piceance Basin in Colorado to the Opal Hub in Wyoming. Known...
3Dec2009 | vitalstocks | 0 comments | Continued(TROW) T. Rowe Price Group – Shares Jump on Third Quarter Results
T. Rowe Price Group, Inc. (TROW) is outperforming the market on a rising Zacks Consensus Estimate. The company recently announced that it will buy a stake in Indian asset manager and mutual fund company UTI Asset Management. Company Description T. Rowe Price Group, Inc. is a...
3Dec2009 | vitalstocks | 0 comments | ContinuedDec 3: Initial Claims Down – Economic Highlights
Initial Claims dropped down to 457,000 for the week ending 11/28, better than the expected increase to 477,000, following a revised level of 462,000 from the previous week. The 4-week moving average was 481,250, a decrease of 14,250 from the previous week’s revised average...
3Dec2009 | vitalstocks | 0 comments | Continued(MEND) Micrus Endovascular Corporation – Strong Sequential Growth
Micrus Endovascular Corp (MEND) is setting new 52-week highs after a huge earnings surprise. Company Description Micrus develops, manufactures, and markets implantable and disposable devices for that treat cerebral vascular diseases. The company’s footprint extends across...
3Dec2009 | vitalstocks | 0 comments | Continued($BAC) Bank of America to Repay Entire TARP Money
Bank of America Corporation (BAC) said on Wednesday that in a few days it will repay the entire $45 billion of 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 and...
3Dec2009 | vitalstocks | 0 comments | Continued(F) Ford Motor Hikes Automobile Prices in U.K.
Ford Motor (F) has decided to raise prices by an average of 2.7% of its vehicles sold in the U.K. for the fourth time of the year. The decision was backed by the continuous depreciation in the value of pound with respect to euro (30% compared to 2007) as the automaker sources...
3Dec2009 | vitalstocks | 0 comments | Continued(AMZN) Amazon.com’s Stock Upgraded
We have upgraded Amazon.com (AMZN) to Outperform based on indications that the company’s sales in the holiday season will be much stronger than we had originally expected. The shares have jumped 7.0% over the past week and were up 2.7% yesterday since we upgraded the stock....
3Dec2009 | vitalstocks | 0 comments | Continued(MDCO) The Medicines Company Gets Angiox Label Expanded
The Medicines Company (MDCO) recently received positive news in the form of a label expansion for Angiox in the EU. The European Commission granted approval for the use of Angiox as an anticoagulant in patients with heart attacks [ST-segment elevation myocardial infarction (STEMI)]...
3Dec2009 | vitalstocks | 0 comments | ContinuedBreaking Down the Disparity Between Oil and Gold Prices
This analysis is by Sheena Martin, Contributing Editor, Investment U Thursday, December 3, 2009 It’s no secret that the gold and oil markets have boomed this year. However, while gold continues to climb, hitting a high of $1,218.40 per ounce this week, oil keeps hitting...
3Dec2009 | InvestmentU | 0 comments | Continued(F) General Motors Dethrones CEO Henderson
General Motors’ (MTLQQ) Board of Directors has ousted Chief Executive Officer (CEO) Fritz Henderson from his position, blaming the slower-than-expected recovery of the company. For the time being, General Motors (hereafter, GM) Board’s Chairman Ed Whitacre Jr. – the former...
3Dec2009 | vitalstocks | 0 comments | Continued(GILD) Gilead Sciences-GlaxoSmithKline Deal Targets Asia
Recently, Gilead Sciences (GILD) entered into a licensing agreement with GlaxoSmithKline (GSK) to commercialize Viread (tenofovir disoproxil fumarate) for the treatment of chronic hepatitis B virus (HBV) infection in adults in five Asian countries. As per the deal, while Gilead...
3Dec2009 | vitalstocks | 0 comments | Continued