Archive for January, 2010
(HSP) Hospira Carries Out Restructuring Plan
Hospira (HSP) is carrying out its restructuring plans in an attempt to reduce its operating expenses. The company is reducing its workforce by 10% (1400-1500 employees), which would result in savings of $110 -$140 million by 2011. This initiative, named ‘Project Fuel’, was...
14Jan2010 | vitalstocks | 0 comments | Continued(MEND) Micrus Endovascular Corporation – Estimates Have Been Steadily Rising Over The Last Few Months
Micrus Endovascular Corp. (MEND) is up huge over the last nine months after bottoming out with the overall market in early 2009. The company’s strong Q3 results from November gave shares an extra push higher. Company Description Micrus Endovascular Corp. develops and manufactures...
14Jan2010 | vitalstocks | 0 comments | Continued(AXL) American Axle and Manufacturing Expects Profit
American Axle and Manufacturing (AXL) stated that it anticipates a profit in the fourth quarter of 2009. With this, the auto components manufacturer would report its second profitable quarter in about two years. American Axle expects sales of $1.5 billion in 2009, close to the...
14Jan2010 | vitalstocks | 0 comments | Continued(INTC) Intel Soundly Beats Estimates
Those who expected strong earnings data from Intel Corp. (INTC) this afternoon — which is to say practically everybody — were not disappointed. Intel brought $10.6 billion in revenue (up 13% sequentially) for its fiscal 4th quarter on a whopping record gross margin...
14Jan2010 | vitalstocks | 0 comments | Continued(STLD) Steel Dynamics Making 1st Iron Nuggets
Steel Dynamics, Inc. (STLD), the sixth-largest steel maker in the US, has commenced the production of the first batch of iron nuggets at the Mesabi Nugget facility at Hoyt Lakes, Minnesota, using the ITmk3® process developed by Kobe Steel Ltd. of Japan. This is the world’s...
14Jan2010 | vitalstocks | 0 comments | Continued(NFX) Newfield Exploration and Anadarko Petroleum Buy TXCO Resources’ Assets
Newfield Exploration Co. (NFX) and Anadarko Petroleum Corp. (APC) announced a joint transaction to acquire TXCO Resources Inc.‘s (TXCO) assets in the Maverick Basin of Southwest Texas for up to $310 million. The final amount will be determined at closing, which is expected...
14Jan2010 | vitalstocks | 0 comments | Continued($C) More on the Budget Deficit
After writing my post yesterday about the Treasury budget numbers for December, I have decided to dig a little bit deeper in to the trends in revenues and outlays so far in this fiscal year, relative to the first three months of the 2009 fiscal year. While I would encourage you...
14Jan2010 | vitalstocks | 0 comments | Continued(ABK) Ambac Financial Group Sues Credit Suisse
Ambac Assurance Corp, a unit of Ambac Financial Group Inc. (ABK) has sued Credit Suisse Group (CS), alleging the company misrepresented the risks of mortgage-backed securities in a deal Ambac insured in 2007. Ambac claimed that many of the loans involved were fraudulent, based...
14Jan2010 | vitalstocks | 0 comments | Continued(FRO) As the Oil Contango Unwinds – Here’s How To Profit From Shipping Rates
by Matthew Weinschenk, Contributing Editor Thursday, January 14, 2010: Issue #1175 If there’s one thing we’ve learned over the past year or two, it’s that there are plenty of charlatans who’ll exploit any edge they can to make a quick buck. From “flash trading”...
14Jan2010 | InvestmentU | 0 comments | Continued(ECPG) Encore Capital Group – Earnings Estimates Are Up
Encore Capital Group, Inc. (ECPG) continues to trade at excellent valuations and analysts are projecting excellent growth over the next few years. Company Description Encore Capital buys accounts receivable from businesses to perform collection services. The debt portfolio includes...
14Jan2010 | vitalstocks | 0 comments | Continued(PC) Panasonic & IBM to Collaborate on Cloud Software
According to sources, Panasonic Corp. (PC) announced an agreement with International Business Machines Corp. (IBM) under which the latter will provide Panasonic with its Lotus web-based email service and new cloud software for calendars, file sharing, social networking and web...
14Jan2010 | vitalstocks | 0 comments | Continued(WPI) Watson Pharmaceuticals Set to Top Expectations
Watson Pharmaceuticals, Inc. (WPI) recently announced that it expects 2009 earnings to meet or exceed guidance provided by the company in Nov. 2009. The company had earlier guided towards earnings in the range of $2.50 – $2.58 per share. Watson also announced that it expects...
14Jan2010 | vitalstocks | 0 comments | Continued(HPQ) Hewlett-Packard Joins Microsoft in the Clouds
Cloud computing is the new buzzword for big tech companies across the globe. This new technology is opening up a plethora of business opportunities to tech companies, while helping the end-user streamline their day-to-day workflow without investing much on the hardware upgrade. Sensing...
14Jan2010 | vitalstocks | 0 comments | Continued(WHR) Whirlpool Corporation – Bull of the Day
Whirlpool Corporation (WHR) is set to benefit from greater geographic flexibility in the face of deteriorated conditions in the U.S. and European markets. It enjoys a brand image developed through continued investment in innovating new products. The company has a diversified...
14Jan2010 | vitalstocks | 0 comments | Continued(ERIC) LM Ericsson Telephone Company Wins 4G Bid
LM Ericsson Telephone Company (ERIC) has emerged as the sole supplier of next generation radio base stations in the Nordic and Baltic countries. TeliaSonera has selected it as the sole vendor for next generation coverage in 25 of the largest municipalities in Sweden and the four...
14Jan2010 | vitalstocks | 0 comments | Continued(SIRI) SIRIUS XM Radio – Bear of the Day
We downgrade our recommendation for SIRIUS XM Radio (SIRI) to Underperform following the emergence of alternative technology of commercial-free Internet radio and extremely poor financial condition of the company. According to our view, SIRIUS XM’s business model is going...
14Jan2010 | vitalstocks | 0 comments | Continued(BA) Boeing Gets Passed by Airbus in Commercial Airplane Deliveries
Boeing Company (BA) was summarily beaten by its traditional rival Airbus in fiscal 2009 in terms of commercial airplane delivery and order booking. Airbus delivered 498 airplanes in 2009 and recorded 271 net orders, compared to Boeing’s 481 commercial airplanes delivered and...
14Jan2010 | vitalstocks | 0 comments | Continued(LLTC) Linear Technology Tops Expectations – Earnings Guidance Strong
Linear Technology’s (LLTC) second quarter earnings beat the Zacks consensus by 11 cents. Revenue beat the consensus by 4.0%. We also expect the entire peer group Incorporatedluding Maxim Integrated Products (MXIM), Intersil Corporation (ISIL) and Semtech (SMTC) to report above...
14Jan2010 | vitalstocks | 0 comments | Continued(SYK) Stryker Corporation Reports Preliminary Results
Stryker Corporation (SYK) reported preliminary revenue results for the fourth quarter and full fiscal 2009. For the fourth quarter, net sales were $1,834 million, an increase of 6.8% year over year. Excluding a favorable foreign currency translation (FX), net sales increased...
14Jan2010 | vitalstocks | 0 comments | Continued(ALNY) Alnylam Pharmaceuticals Offers Financial Guidance For 2010
Alnylam Pharmaceuticals, Inc. (ALNY) recently provided an update on its key pipeline, scientific and business goals for the next 12 to 18 months coupled with financial guidance for 2010. Alnylam, which focuses on developing novel therapeutics based on a biological breakthrough...
14Jan2010 | vitalstocks | 0 comments | Continued($CHL) China Mobile Has 5.5Million 3G Users
China Mobile (CHL), the world’s largest mobile operator by subscribers, has reportedly exited 2009 with 5.51 million 3G subscribers and 87,000 3G base stations. The company’s 3G network is based on the home-grown TD-SCDMA standard. Moreover, China Mobile plans to complete...
14Jan2010 | vitalstocks | 0 comments | Continued(SKM) SK Telecom Outlines Smartphone Plan
South Korea’s wireless kingpin SK Telecom (SKM) plans to sell more than 2 million smartphones in 2010. The operator also divulged its plan of unvieling several new handset models Incorporatedluding smartphones based on Google’s (GOOG) Android platform. This represents a part...
14Jan2010 | vitalstocks | 0 comments | Continued(KR) Continuing Jobless Claims Fall
The initial claims for unemployment insurance report was a mixed bag. The numbers are always a bit flaky around the holiday season, so there will still be a fair amount of uncertainty about the real state of the job market for at least a few more weeks. Initial claims rose by...
14Jan2010 | vitalstocks | 0 comments | Continued(HGSI) Human Genome Sciences to Seek Drug Approval in Second Quarter
Human Genome Sciences Inc. (HGSI) announced recently that it intends to seek approval for its potential blockbuster lupus drug candidate Benlysta during the second quarter of 2010 in the United States and Europe. Human Genome and GlaxoSmithKline plc (GSK) are co-developing Benlysta...
14Jan2010 | vitalstocks | 0 comments | Continued(CPKI) California Pizza Kitchen Trims Earnings Outlook
California Pizza Kitchen Inc. (CPKI), a leading casual dining restaurant chain, recently declared preliminary fourth-quarter 2009 results, but trimmed its earnings guidance. The company now expects its fourth-quarter earnings in the range of 15 cents to 17 cents a share, down...
14Jan2010 | vitalstocks | 0 comments | Continued(EBAY) Skype Company Beefing Up Management Team
eBay Inc’s (EBAY) communications wing, Skype is building its management team. The company, in which eBay retains a 30% stake has appointed former Sony (SNE)-Ericsson (ERIC) president, Miles Flint to chair its new 17-member board. Thomson-Reuters (TRI) head of collaboration...
14Jan2010 | vitalstocks | 0 comments | Continued($CVX) Crude Oil Dips on Inventory Jump
The federal government’s Energy Information Administration (EIA) announced a larger-than-expected build in crude oil and gasoline stockpiles. The agency’s bearish report further added that distillate supplies increased unexpectedly despite cold weather conditions, fueling...
14Jan2010 | vitalstocks | 0 comments | ContinuedAAII Sentiment Survey: Bullish Sentiment Rebounds to 47.4%
Bullish sentiment remained above its historical average for the eighth time in the past nine weeks. Nearly 48% of individual investors said they expect the markets to trend higher over the next six months, according to the latest AAII Sentiment Survey. The improvement reflected...
14Jan2010 | vitalstocks | 0 comments | Continued(LTD) Limited Brands Coverage Initiated at Neutral
We have recently initiated coverage on Limited Brands Inc. (LTD), a specialty retailer in the United States, with a Neutral recommendation and a target price of $20, as we anticipate it to perform in-line with the industry. Based in Columbus, Ohio, the company sells women’s...
13Jan2010 | vitalstocks | 0 comments | Continued(CELG) Celgene Corporation Announces Good News for Cancer Drug Study
Yesterday, Celgene Corporation (CELG) announced that its cancer drug Revlimid met the main goal in a randomized, double-blind, multi-center late-stage study (IFM 2005 02). The study, sponsored by the Intergroupe Francophone du Myelome and University Hospital of Toulouse, evaluated...
13Jan2010 | vitalstocks | 0 comments | Continued