Archive for January, 2010
(PFE) Pfizer’s Revatio Drug Earns European Commission Approval
Recently, Pfizer (PFE) received European Commission approval for Revatio (sildenafil) in injectable form for patients who have been prescribed the oral alternative. The drug is used to treat pulmonary arterial hypertension (PAH), a rare disease affecting an estimated 100,000...
18Jan2010 | vitalstocks | 0 comments | Continued(MTW) The Manitowoc Company to Refinance its Debt
The Manitowoc Company, Inc. (MTW) announced its plans to refinance a portion of its term loans under its senior secured credit facility with senior unsecured notes. The company has not finalized on amount of the offering, but said that it is expected to be around $400 million....
18Jan2010 | vitalstocks | 0 comments | Continued(LMT) Lockheed Martin Corporation Does Air Force RERP Modernization
Lockheed Martin Corp. (LMT) recently inducted its second C-5 Galaxy strategic transport into the Reliability Enhancement and Re-engining Program (RERP) production line at its Marietta, Georgia, facility. Currently, the Air Force expects Lockheed Martin to deliver 52 C-5Ms by...
18Jan2010 | vitalstocks | 0 comments | Continued(CELG) Celgene Corporation Expands into Cancer Drugs
Recently, Celgene Corporation (CELG) completed the acquisition of the privately held Gloucester Pharmaceuticals for $340 million in cash coupled with $300 million in future milestone payments. The deal is aimed at bolstering Celgene’s portfolio of cancer drugs. The deal is...
18Jan2010 | vitalstocks | 0 comments | Continued(PLL) Pall Corporation Acquires MicroReactor Technologies
Pall Corporation (PLL) has announced the acquisition of MicroReactor Technologies Inc. (MRT), a privately held U.S. biotechnology company. MicroReactor has developed a reliable, easy-to-use and cost-effective miniature bioreactor technology platform. The acquisition of MicroReactor,...
18Jan2010 | vitalstocks | 0 comments | Continued(GOL) GOL Linhas Aereas Inteligentes S.A. Launches Flights to Bauru
Latin America’s largest low-cost and low-fare airline, GOL Linhas Aereas Inteligentes S.A. (GOL), has begun selling tickets for the city of Bauru, to the west of the Sao Paulo state. There will be five flights per week from Congonhas Airport in Sao Paulo city, beginning...
18Jan2010 | vitalstocks | 0 comments | Continued(PX) Praxair Signs Agreement with Valero Energy Corporation
Praxair Inc. (PX) has signed an agreement with Valero Energy Corp. (VLO) for the supply of oxygen and nitrogen to Valero’s Memphis, Tenn., refinery connected to Praxair’s pipeline system. According to the agreement, Praxair will build a new air separation plant with a...
18Jan2010 | vitalstocks | 0 comments | Continued(SGMS) Scientific Games Corporation Big In Germany
Scientific Games Corporation (SGMS) announced that it has been awarded a five-year contract by the Sachsische LOTTO-GmbH in the German state of Saxony to supply instant tickets and cooperative services. The contract begins from January 2010. Scientific Games will be the exclusive...
18Jan2010 | vitalstocks | 0 comments | Continued($OXY) Occidental Petroleum: The Industry-Changing Oil And Gas Company You Haven’t Heard Of
by Tony Daltorio, Investment U Research Monday, January 18, 2010 While the financial world gushes about oil and gas on practically a daily basis, it seems to have completely forgotten about California-based Occidental Petroleum (NYSE: OXY), despite how the company made the...
18Jan2010 | InvestmentU | 0 comments | Continued(GLD) Why Platinum is the New Green
by Tony Daltorio, Investment U Research Monday, January 18, 2010 The latest annual survey data released from the London Bullion Market Association forecasts that platinum prices will range between $900 and $2,578 an ounce this year, with an average of $1550. If true, it lies...
18Jan2010 | InvestmentU | 0 comments | Continued(ETF) How to Play Rising Foreign Stocks and a Rising Dollar
by Alexander Green, Chief Investment Strategist Monday, January 18, 2010: Issue #1177 I’ve made no secret here recently that I believe the dollar is likely to soar against the euro, the pound and the yen this year. Yet this remains a distinct minority opinion. Most analysts...
18Jan2010 | InvestmentU | 0 comments | Continued(ACL) What Nestle Wants Nestle Gets – And Right Now, Nestle Wants a Bigger Slice of the Pie
by Tony Daltorio, Investment U Research Monday, January 18, 2010 It would take far too long to list the leading brands Nestle ADR (OTC: NSRGY) owns, considering that it’s the world’s biggest food corporation with operations in almost every country. Suffice it to say however,...
18Jan2010 | InvestmentU | 0 comments | Continued(FSLR) First Solar Buys Into Edison International’s Mission Group
First Solar Inc. (FSLR) acquired a portion of Edison Mission Group’s solar project development pipeline. The utility-scale solar projects are located in California and the Southwest. Edison Mission Group is a wholly-owned subsidiary of California-based utility holding company...
18Jan2010 | vitalstocks | 0 comments | Continued(DXCM) DexCom SEC Filing Reports Product Revenues
In a filing with the U.S. Securities and Exchange Commission (SEC), DexCom, Inc. (DXCM) recently stated that it expects unaudited product revenues of approximately $6.6 million for the fourth quarter of 2009. This represents a 43% sequential increase from the product revenues...
18Jan2010 | vitalstocks | 0 comments | Continued(MGM) MGM Mirage Plans Macau IPO
MGM Mirage (MGM) is marching ahead with its Hong Kong initial public offering (IPO) plan. According to the South China Morning Post, the company is planning to raise approximately $1 billion through the listing of its Macau property. MGM Grand Macao, a joint venture between MGM...
18Jan2010 | vitalstocks | 0 comments | Continued(ISIS) Isis Pharmaceuticals Expands Pipeline
Isis Pharmaceuticals, Inc. (ISIS) is working on expanding its cardiovascular pipeline. The company recently announced that it has added a new drug, ISIS-APOCIIIRx, to its development pipeline. The candidate is being studied for the treatment of hypertriglyceridemia, or high levels...
18Jan2010 | vitalstocks | 0 comments | Continued(HDB) HDFC Bank’s Profit Increases
HDFC Bank’s (HDB) 2010 fiscal third quarter (ended Dec. 31, 2009) net earnings of INR8,185 million (US$175 million) were up 31.6% from the prior-year quarter, due primarily to a strong growth in net revenues, almost stable operating expenses and a decrease in provisions and...
18Jan2010 | vitalstocks | 0 comments | Continued(AAPL) Vodafone Beats Rivals on iPhone Sales
Apple’s (AAPL) iPhones (3G & 3GS) had a strong launch at Vodafone (VOD) UK as the carrier has reportedly sold a record 50,000 units to pre-registered customers on the first day, reflecting continued strong demand for the popular device among UK customers. The international...
18Jan2010 | vitalstocks | 0 comments | Continued(LMNX) Luminex Corporation Upgraded to Neutral
Recently, we upgraded Luminex Corp. (LMNX) to Neutral from Underperform. Our decision to upgrade the stock was based on the company’s wide range of products and its significant international presence. These positive factors should drive growth in the coming quarters. Additionally,...
18Jan2010 | vitalstocks | 0 comments | Continued(SJR) Shaw Communications Downgraded to Neutral
We downgrade our recommendation for Shaw Communications Inc. (SJR) to Neutral, which means the stock will perform in line with the broader market. The company’s first quarter fiscal 2010 financial results beat the Zacks Consensus Estimate. However, an unexpected drop in basic...
18Jan2010 | vitalstocks | 0 comments | Continued(GD) General Dynamics Corporation Wins Contract
General Dynamics Corporation (GD) was awarded a follow-on $60 million contract by the U.S. Air Force for providing network management and mission operations support to the 480th Intelligence Surveillance and Reconnaissance (ISR) Wing’s Air Force Distributed Common Ground...
18Jan2010 | vitalstocks | 0 comments | Continued(DFG) Delphi Financial Group Sees Rating Action
Last Friday, rating agency A.M. Best assigned a rating of “bbb” to Delphi Financial Group Inc.’s (DFG) latest $250 million, 7.875% senior unsecured notes, with a negative outlook. The ratings of Delphi’s existing debt remain unchanged. A.M. Best acknowledges Delphi’s...
18Jan2010 | vitalstocks | 0 comments | Continued($BHI) Gas Rig Count Hits 10-Month High
According to data from Houston-based oilfield services company Baker Hughes Inc. (BHI), the number of rigs searching for oil and gas in the U.S. rose for the week ended Jan. 15, 2010, reflecting intensified drilling activity by the producers in response to higher commodity prices. As...
18Jan2010 | vitalstocks | 0 comments | Continued(XLNX) Xilinx Incorporated – Bull of the Day
Xilinx, Inc. (XLNX) recently upgraded its guidance for the third quarter of fiscal 2010. Xilinx 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 million and...
18Jan2010 | vitalstocks | 0 comments | Continued(ARAY) Accuray Incorporated – Bear of the Day
Accuray Incorporated (ARAY) designs, develops and sells the CyberKnife System, an image-guided robotic radiosurgery system used for the treatment of solid tumors. The company was badly affected by reimbursement uncertainties surrounding its products. This was reflected in Accuray’s...
18Jan2010 | vitalstocks | 0 comments | Continued(CTSH) Cognizant Tech – Earnings Beat Street – Estimates Rising
Cognizant Tech (CTSH) continues to soar on an earnings surprise and subsequent estimate revisions. The company was originally featured as a Zacks Rank Buy on October 2nd. Company Description Cognizant provides software development and maintenance for companies transitioning into...
18Jan2010 | vitalstocks | 0 comments | Continued(HELE) Helen of Troy Limited – Earnings Estimates Jump
Helen of Troy Ltd. (HELE) just hit a new 52-week high after reporting better than expected Q3 results on Jan 11. Third-Quarter Results Although sales were down a marginal 2% from last year to $189 million, earnings came in strong at 80 cents, 8 cents ahead of the Zacks Consensus...
18Jan2010 | vitalstocks | 0 comments | Continued(EZPW) EZCORP Incorporated – PEG Ratio of Only 0.69
EZCORP Inc. (EZPW) is scheduled to report fiscal first-quarter 2010 results on Jan 21. The company operates payday-lending stores and pawnshops in the U.S., Canada and Mexico for individuals who do not have cash or access to credit. On Nov 5, EZCORP issued first quarter guidance...
18Jan2010 | vitalstocks | 0 comments | Continued(PVH) Phillips-Van Heusen Corporation – Forecasts Jump
Phillips-Van Heusen Corporation (PVH) recently boosted its earnings guidance for the fourth quarter and full year, and analysts followed suit. Shares of PVH have outpaced the market by more than 100% over the past year. The company is expecting fourth-quarter earnings to range...
18Jan2010 | vitalstocks | 0 comments | Continued(IBM) IBM Fourth Quarter Results to Move The Market
IT bellwether International Business Machines Corp. (IBM) is set to release its fourth-quarter of 2009 earnings on Jan. 19. We do not expect the earnings to be a major catalyst for the stock price movement, but our focus will be on its guidance for fiscal 2010, which could drive...
18Jan2010 | vitalstocks | 0 comments | Continued