Archive for January, 2010
($JPM) JP Morgan Healthcare Conference in San Francisco
by Marc Lichtenfeld, Healthcare Expert Wednesday, January 13, 2010: Issue #1174 Cautiously optimistic. Very cautiously optimistic. That’s how I’d describe the overall mood at this year’s JP Morgan Healthcare Conference in San Francisco. While folks are certainly in a better...
13Jan2010 | InvestmentU | 0 comments | Continued(GLW) Corning Incorporated – Consensus Estimates Rise – LCD Television Sales Remain Strong
Corning Inc. (GLW) expects strong sales of LCD televisions to continue into 2010. As a result, estimates are rising going into the fourth quarter earnings report scheduled for Jan 26. Corning has a price-to-book ratio of 2.12. Company Description Corning is a specialty glass,...
13Jan2010 | vitalstocks | 0 comments | Continued($TIF) Tiffany & Company – ROE of 13.5% Crushes Industry Average of 2.3%
Tiffany & Co. (TIF) hiked its outlook on a 17% jump in holiday sales. The company now expects full-year earnings to range between $2.07 – $2.12 per share, versus the previous guidance range of $1.88 – $1.98. Company Description Tiffany & Co. is a jeweler and...
13Jan2010 | vitalstocks | 0 comments | Continued(TIF) Tiffany & Company Boosts Outlook
With shoppers loosening their purse strings for luxury items, such as jewelry, this holiday season, the high-end retailers – Tiffany & Company (TIF) and Signet Jewelers Limited (SIG) witnessed rising sales. The companies have been grappling with the recession as consumers...
13Jan2010 | vitalstocks | 0 comments | Continued(BAC) Bank of America Reshuffles Top Management
In an effort to stabilize its executive team after experiencing a slump caused by the recession, Bank of America Corp.’s (BAC) new CEO Brian Moynihan announced a management shake-up on Tuesday, less than two weeks after succeeding former CEO Kenneth Lewis. BofA last made senior...
13Jan2010 | vitalstocks | 0 comments | Continued(AET) Aetna’s 2010 Outlook Disappoints
In a major disappointment, Aetna (AET) lowered its outlook for 2010, which sent its shares down by 6.51% on Tuesday to close at $30.61. Aetna expects its 2010 operating earnings to be lower than its 2009 earnings, expected to come in at $2.76 per share. The lower than expected...
13Jan2010 | vitalstocks | 0 comments | Continued(MBI) MBIA Incorporated – Bear of the Day
We are downgrading our recommendation on the shares of MBIA Inc. (MBI) to Underperform as macroeconomic conditions continue to contribute to losses on the company’s structured finance products. MBIA’s third quarter results missed the Zacks Consensus Estimate abysmally....
13Jan2010 | vitalstocks | 0 comments | Continued(DCM) NTT DoCoMo – Bull of the Day
We maintain an Outperform rating for NTT DoCoMo (DCM), the largest mobile service provider in Japan. The company currently maintains a leading 50% share of the Japanese wireless market. DCM upgraded 98% of its total coverage area with 3G-HSDPA, while emerging 4G LTE networks...
13Jan2010 | vitalstocks | 0 comments | Continued(SCSS) Select Comfort Corporation – Margin Expansion and Operational Efficiencies
Select Comfort Corp. (SCSS) recently hit a new multi-year high above $7 on strong Q3 results from October and an ongoing commitment to respond to the challenging consumer environment. Company Description Select Comfort Corp develops, manufactures and sells adjustable foam beds...
13Jan2010 | vitalstocks | 0 comments | Continued(URBN) Urban Outfitters – 16% Sales Increase is a Company Record
Urban Outfitters (URBN) analysts continue to raise forecasts on record holiday sales. Shares of URBN continue on a bullish run and may have formed a good entry point. Company Description Urban Outfitters is a specialty retailer that offers apparel and home furnishings under several...
13Jan2010 | vitalstocks | 0 comments | Continued($FNM) Federal Reserve Paid $46.1Billion to Treasury in 2009
The Federal Reserve paid a record $46.1 billion in profits for 2009 to the U.S. Treasury as the central bank earned a record net income of $52.1 billion, up 46.8% year-over-year by exposing taxpayer money to risk in an effort to stabilize the financial system last year. The payment...
13Jan2010 | vitalstocks | 0 comments | Continued(AMMD) American Medical Systems Holdings Reports Strong Preliminary Report
American Medical Systems Holdings, Inc. (AMMD) reported strong preliminary revenues for the fourth quarter and full fiscal 2009. For the fourth quarter, total revenues were $146.0 million, an increase of 9% year over year. Excluding a favorable foreign exchange translation (FX),...
13Jan2010 | vitalstocks | 0 comments | Continued(ATSI) ATS Medical Raises Expectations
ATS Medical, Inc. (ATSI) reported preliminary results for the fourth quarter and full fiscal 2009. The company expects total revenues in the fourth quarter in the range of $18.4 million to $18.8 million, an increase of 2% to 4% over the fourth quarter of 2008. Full fiscal 2009...
13Jan2010 | vitalstocks | 0 comments | Continued(BIIB) Biogen’s Tysabri is a Blockbuster!
Biogen Idec Inc. (BIIB) recently announced that its multiple sclerosis (MS) drug Tysabri achieved blockbuster status in 2009. Sales of the drug, which is approved for relapsing forms of MS in the US and for relapsing-remitting MS in the EU, achieved $1 billion in sales in 2009....
13Jan2010 | vitalstocks | 0 comments | Continued(GOOG) Google Potentially Exiting China?
Google Inc. (GOOG) has publicly stated that it is considering pulling out of the fast-growing Chinese market. The statement was made as a result of an investigation over several weeks into China’s Internet censorship system that revealed a systematic and targeted hacking into...
13Jan2010 | vitalstocks | 0 comments | Continued(PCS) MetroPCS Slips on Lower Subscriber Growth and Glum Outlook
Shares of MetroPCS (PCS) slipped after the carrier reported lower subscriber growth for the fourth quarter and cut its margin outlook for 2010. The company has also revamped its prepaid wireless service plans to counter stiff competition in the low-cost unlimited prepaid wireless...
13Jan2010 | vitalstocks | 0 comments | Continued(SON) Sonoco Products Company Increasing Paperboard Prices
Sonoco Products Company (SON) announced that it will increase prices for all uncoated recycled paperboard grades and paperboard industrial converted products in the United States and Canada, effective February 1, 2010. The company announced a price hike of $50 per ton for all...
12Jan2010 | vitalstocks | 0 comments | Continued(SVU) SUPERVALU Incorporated Beats Analyst’s Estimates
SUPERVALU Inc (SVU) reported results for the third quarter of fiscal 2010 with earnings of 51 cents per share. Earnings were above the Zacks Consensus Estimate of 48 cents, but were 17.7% below the prior-year quarter. Net sales for the quarter declined 9.4% year-over-year to...
12Jan2010 | vitalstocks | 0 comments | Continued(C) Citigroup Reshuffles Senior Management
Citigroup Inc. (C) has reshuffled its senior management team. Citi has announced yesterday that Teresa A. “Terri” Dial will step down as the Chief Executive Officer of Consumer Banking in North America for personal reasons, and will become a senior advisor. Her stepping...
12Jan2010 | vitalstocks | 0 comments | Continued(MOH) Molina Healthcare Warns of Tough Fourth Quarter
Molina Healthcare, Inc. (MOH) recently announced preliminary (unaudited) results for the fourth quarter as well as for fiscal 2009 (ended December 31). The company expects to suffer losses between 10 cents per share and 25 cents per share in the quarter, which is much worse than...
12Jan2010 | vitalstocks | 0 comments | Continued(KBH) KB Home Posts Mixed Bag
KB Home (KBH) shares are weak today after the company reported weaker-than-expected net order numbers for the fourth quarter 2009. Quarterly earnings, on the other hand, came in much better than expected, helped in large part by revenue from land sales. KBH has revealed a net...
12Jan2010 | vitalstocks | 0 comments | Continued(CTS) CTS Corporation Plants a Flag in India
With an eye toward India’s motorcycle expansion, CTS Corp. (CTS) expands its Asian growth. Following India’s growing openness, the arrival of new and existing models, easy availability of finance at relatively low rates of interest, and price discounts offered by the...
12Jan2010 | vitalstocks | 0 comments | Continued(CNX) CONSOL Energy Sells First Coal to China
Coal and natural gas company CONSOL Energy Inc. (CNX) made its first sale of high-volume coking coal to Asia from its Bailey Mine in Northern Appalachia. The sale was made by Xcoal, the exclusive representative of CONSOL in Asia, as a result of an Asian Marketing Initiative announced...
12Jan2010 | vitalstocks | 0 comments | Continued(LEN) Narrower Loss for Lennar Corporation
Lennar Corporation (LEN) showed a loss per share of 26 cents (before special items) for the fourth quarter of the fiscal year ended November 30, 2009, compared to an earnings per share of 43 cents (before special items) in the same quarter a year ago. However, the loss was better...
12Jan2010 | vitalstocks | 0 comments | Continued(PFE) Novartis Sees Profits In Alcon – Why You Should Too
Tony Daltorio, Investment U Research Tuesday, January 12, 2010 Back in October, I wrote about how pharmaceutical companies captured the financial world’s attention with a myriad of lucrative mergers and acquisitions last year. Some of the more memorable deals included...
12Jan2010 | InvestmentU | 0 comments | Continued(GSK) GlaxoSmithKline Exercises Drug Option
Recently, GlaxoSmithKline (GSK) exercised its option to obtain exclusive license regarding further development and commercialization of ChemoCentryx’s Traficet-EN, a specific CCR9 antagonist. The drug candidate is meant for the treatment of inflammatory bowel diseases Incorporatedluding...
12Jan2010 | vitalstocks | 0 comments | Continued(NNI) Nelnet’s CUnet to Buy Sparkroom
CUnet, a subsidiary of Nelnet Inc.’s (NNI), announced yesterday that it has agreed to acquire Sparkroom, a provider of enrollment marketing automation and lead performance management solutions. The transaction is expected to close on Feb. 1, 2010. Terms of the deal were not...
12Jan2010 | vitalstocks | 0 comments | Continued(AMAG) AMAG Pharmaceuticals Guides on Feraheme
Recently, AMAG Pharmaceuticals Inc. (AMAG) stated that it expects net revenues between $12 and $13 million from its lead anti-anemia injectable product Feraheme for the fourth quarter of fiscal 2009 (ended December 31). AMAG had launched the Feraheme (ferumoxytol) injection in...
12Jan2010 | vitalstocks | 0 comments | Continued(PTEN) Patterson-UTI Energy Drilling Rig Count Picks Up
One of the largest onshore contract drillers in the U.S., Patterson-UTI Energy Inc. (PTEN) has declared its Dec. 2009 drill rig count to average 118, up from 104 in the previous month. The company operated 108 rigs in the U.S. and 10 in Canada in December, compared to 96 rigs...
12Jan2010 | vitalstocks | 0 comments | Continued(BRCM) Broadcom Corporation Launches SoC Solution
Broadcom Corporation (BRCM) recently launched the highly integrated digital terrestrial converter box system-on-a-chip (SoC) solution designed for Japan’s upcoming transition to digital TV broadcast transmission. This integrated chip solution features an ISDB-T tuner and...
12Jan2010 | vitalstocks | 0 comments | Continued