Archive for December, 2009
($INTC) Semiconductor Industry – Industry Outlook
The Semiconductor Industry serves as a driver, enabler and indicator of technological progress. Developments in the industry determine the way we work, transport ourselves, communicate, entertain ourselves and respond to our environment. For example, the PCs we use, the cars...
2Dec2009 | vitalstocks | 0 comments | Continued(SINA) SINA Corporation – Bull of the Day
SINA‘s (SINA) online advertising business has continued to do well and has built a competitive edge. The company expects strong growth in advertising revenue and resurgence in margins in 2010. Third-quarter results exceeded the company’s own guidance and beat Zacks...
2Dec2009 | vitalstocks | 0 comments | Continued(VLO) Valero Energy – Bear of the Day
We reiterate our Underperform rating for Valero (VLO) shares as a combination of weak demand, excess production capacity and narrowing crude quality spreads are expected to weigh on near-term margins. In addition to the near-term margin issues, commissioning of new refineries...
2Dec2009 | vitalstocks | 0 comments | Continued(IPHS) Innophos Holdings Inc. – Earnings Surprised by 81.58% in the Third Quarter
Innophos Holdings Inc. (IPHS) has surprised on estimates 4 consecutive quarters by an average of 30.05%. The stock is cheap. IPHS trades at just 7.5x forward earnings. Company Description Innophos Holdings manufactures specialty phosphates. Operating as a holding company, it...
2Dec2009 | vitalstocks | 0 comments | Continued(CPTS) Conceptus Inc. – 29% Increase in Sales
Conceptus, Inc (CPTS) is poised for explosive growth over the next couple years and just reported another earnings surprise. Company Description Conceptus specializes in women’s healthcare and developed the Essure procedure. The trademarked procedure is an alternative form...
2Dec2009 | vitalstocks | 0 comments | Continued(TGB) Taseko Mines Ltd – Many Mining Companies are Thriving
Stock of the Day by Sheena Martin, Contributing Editor It’s no secret that many mining companies are thriving at the moment, as a weak dollar and the prospect of inflation attract investors to precious metals. Prices for commodities typically rise when the dollar falls...
1Dec2009 | InvestmentU | 0 comments | Continued(GOOG) Deep-in-the-Money Investing: Missed the Market’s Run? Here’s a Second Chance
by Karim Rahemtulla, Options Expert Tuesday, December 1, 2009: Issue #1148 Take a quick glance at the share prices of certain companies today and you’d think the savage 2008 was a distant memory. But 2009 has confounded the “experts” who called for more of the same this...
1Dec2009 | InvestmentU | 0 comments | Continued(ASTE) Astec Industries – Bear of the Day
Astec Industries (ASTE) reported third-quarter EPS of $0.15, which is well below the Zacks Consensus Estimate of $0.32. Except for the Mobile Asphalt Paving group that is benefiting from the stimulus packages, sales were down in all other Astec segments. Uncertainty surrounding...
1Dec2009 | vitalstocks | 0 comments | Continued(SPLS) Staples’ Earnings Beat Estimates
Staples, Inc. (SPLS), the global leader in the supply of office products, recently reported third-quarter 2009 financial results that surpassed the Zacks Consensus Estimate on the heels of effective cost management. The quarterly earnings of 39 cents a share beat the Zacks Consensus...
1Dec2009 | vitalstocks | 0 comments | Continued(AAPL) Dubai’s Debt Crisis Primes the Panic Pump
by Ryan Cole, Investment U Research Dubai reminded the world last week: this crisis isn’t over. With a surprise debt restructuring request by Dubai World – Dubai’s corporate front – and a plea from the tiny UAE for creditors to accept delayed payment, nervous global...
1Dec2009 | InvestmentU | 0 comments | Continued(DOW) Dow Chemical Company Expands AgroSciences
Dow Chemical Company (DOW) has further expanded its AgroSciences business in Canada by acquiring Hyland Seeds, a division of Thompsons Limited of Blenheim, Ontario. Hyland is recognized internationally for building industry-leading corn hybrids, soybeans, edible beans and cereal...
1Dec2009 | vitalstocks | 0 comments | Continued(ACGY) Acergy S.A. Sees Reduced Margins in 2010
London-based oilfield contractor Acergy S.A. (ACGY) re-affirmed its 2009 financial guidance, while expecting flat sales and lower margins next year. The company cautioned that tougher competition for new tenders and continued irregular timing of projects will lead to lower adjusted...
1Dec2009 | vitalstocks | 0 comments | Continued(JWN) Third Nordstrom Rack Store Opens in Arizona
Nordstrom Inc. (JWN), a leading fashion specialty retailer, recently announced plans to open a 36,000 square feet Nordstrom Rack at Arrowhead Crossing shopping center in Peoria, Arizona. Nordstrom Rack is the off-price division of Nordstrom Inc. The first Nordstrom Rack was opened...
1Dec2009 | vitalstocks | 0 comments | Continued(PLD) ProLogis Makes Large Volume Leases in Europe
With signs of market stabilization, ProLogis (PLD), a leading global provider of distribution facilities, recently leased about 378,000 square feet of its development portfolio in various European countries to a diverse range of global customers. About 104,000 square feet were...
1Dec2009 | vitalstocks | 0 comments | Continued(GOL) GOL Linhas Aereas Inteligentes S.A. Adopts Travelport’s Interline
Last week, GOL Linhas Aereas Inteligentes S.A. (GOL) announced the adoption of Travelport’s Interline E-ticket Interchange, a technological platform that facilitates the control and operational functioning of its airline agreements. Additionally, the company extended its...
1Dec2009 | vitalstocks | 0 comments | Continued(STT) State Street Corporation Wins $300 Billion in Business
State Street Corporation (STT) said on Monday that it has expanded its relationship with Morgan Stanley (MS) to provide investment management operations outsourcing services for the assets of Morgan Stanley Investment Management (MSIM) worth about $300 billion. As part of the...
1Dec2009 | vitalstocks | 0 comments | Continued(VAL) Valspar Corporation’s Profits Mount
Recently, Valspar Corporation (VAL) reported its results for the fourth quarter and fiscal year ended Oct 30, 2009. Net income per share improved to 49 cents in the quarter from 35 cents in the year ago quarter, helped by lower cost of sales and research and development expenses. Excluding...
1Dec2009 | vitalstocks | 0 comments | Continued(AMSF) Amerisafe Redeems All Outstanding Convertible Stock
Amerisafe Inc. (AMSF) said on Monday that it will redeem all of its 250,000 outstanding convertible stock of Series C and Series D, effective Dec 31, 2009. Amerisafe will pay $103.50 per preferred stock or a total of $25.9 million in redeeming all of the outstanding shares. The...
1Dec2009 | vitalstocks | 0 comments | Continued(MTL) Mechel OAO Commissions Steel Processing Facility
One of Russia’s leading metal and mining companies, Mechel OAO (MTL) commissioned its integrated steel processing facility (ladle furnace) at the oxygen-converter shop of its Chelyabinsk Metallurgical Plant OAO subsidiary. Investments for the construction and commissioning...
1Dec2009 | vitalstocks | 0 comments | Continued(ECA) EnCana Corporation Completes Spin-off
Following the shareholders’ approval on Nov. 25, EnCana Corporation (ECA) has completed its split into two highly focused energy companies — Cenovus Energy Inc. and EnCana Corporation — on Nov. 30, 2009. Cenovus will be focused on oil sands and refining businesses...
1Dec2009 | vitalstocks | 0 comments | Continued(VPRT) VistaPrint N.V. Reaffirms Earnings Guidance
VistaPrint N.V. (VPRT) has reaffirmed its previously issued guidance for revenue and earnings per share for the second quarter ending Dec. 31, 2009 and full fiscal year 2010 ending Jun. 30, 2010, despite terminating its contract with an affiliate of Vertrue Inc. VistaPrint’s...
1Dec2009 | vitalstocks | 0 comments | Continued(BK) Bank of New York Mellon Corporation Earns Favorable Rating Action
Credit-rating agency A.M. Best has granted a favorable rating to BNY Trade Insurance, subsidiary of the Bank of New York Mellon Corporation (BK). The financial strength rating of “A-” and issuer credit rating of “a-” of BNY Trade Insurance Ltd. has been affirmed...
1Dec2009 | vitalstocks | 0 comments | Continued(AMCC) Applied Micro Circuits Moving Steadily
Applied Micro Circuits (AMCC) earlier reported revenues of $49.2 million from continuing operations in the second quarter of 2009, up 9% sequentially but down 23% year over year. The company earlier sold off its 3ware storage adapter solutions business to LSI Corp. (LSI) for...
1Dec2009 | vitalstocks | 0 comments | Continued(TOT) TOTAL S.A. Transfers Oilfield Interest
Recently, TOTAL E&P Russie, a wholly owned subsidiary of TOTAL S.A. (TOT), transferred 10% of its interest in the Kharyaga oil field to state-owned Zarubezhneft of Russia. This new collaboration with Zarubezhneft is expected to further boost the company’s projects in Russia,...
1Dec2009 | vitalstocks | 0 comments | Continued(BT) BT Group Plc Surpasses Consensus Estimates
BT Group Plc (BT) reported second-quarter earnings per share of 90 cents, compared to the Zacks Consensus Estimate of 74 cents, on the strength of tax loss carry-forwards and tax efficiency. Revenues were down 3% to £5,122million ($8,406 million) including favorable foreign...
1Dec2009 | vitalstocks | 0 comments | Continued(PX) Praxair China Signs Contract With Hainan China Aviation Special Glass Materials
Recently, Praxair China, a unit of Praxair Inc. (PX), signed a contract with Hainan China Aviation Special Glass Materials Co. Ltd., a subsidiary of China Aviation Sanxin Co. Ltd. (CAS) to supply oxygen and high purity nitrogen for a 100% oxy-fuel float glass furnace, the first...
1Dec2009 | vitalstocks | 0 comments | Continued($CAT) Caterpillar Expands Presence in Asia
Caterpillar Inc. (CAT) announced its plans to acquire a subsidiary of Jinsung T.E.C. Co., Ltd., a South Korea-based manufacturer that specializes in producing undercarriage components for earthmoving and other off-road machinery. The company did not provide the terms of the deal,...
1Dec2009 | vitalstocks | 0 comments | Continued(BECN) Beacon Roofing Supply Tops Expectations
Earlier today, Beacon Roofing Supply, Inc. (BECN) reported results for the fourth quarter and full-year fiscal 2009. The company reported earnings of 42 cents per share, above the Zacks Consensus Estimate of 38 cents. However, the reported earnings were down 23.6% from 55 cents...
1Dec2009 | vitalstocks | 0 comments | Continued(JNJ) Johnson & Johnson Earns Full FDA Approval for Intelence
Recently, Johnson & Johnson’s (JNJ) Intelence (etravirine) received full approval from the US Food and Drug Administration (FDA) for the treatment of HIV patients who are no longer responding to other treatments. Intelence is a non-nucleoside reverse transcriptase inhibitor...
1Dec2009 | vitalstocks | 0 comments | Continued(DRYS) DryShips Closes $400 Million Notes Offering
DryShips Inc. (DRYS) on Nov. 25 announced that it has closed its previously announced $400 million notes offering. The offering, which was increased to $400 million from $300 million as planned originally, has generated proceeds of $448 million. The underwriter has purchased...
1Dec2009 | vitalstocks | 0 comments | Continued