Archive for January, 2010
(OGE) OGE Energy Corporation Gets OK on Wind Farm Energy
OGE Energy Corporation (OGE) received approval from the Oklahoma Corporation Commission (OCC) to purchase electricity from wind farms currently under development in northwestern Oklahoma. This regulatory approval enabled the company to increase its renewable energy capacity to...
12Jan2010 | vitalstocks | 0 comments | Continued(NTT) Nippon Telegraph & Telephone Telephone Downgraded
We downgrade our recommendation for Nippon Telegraph & Telephone Corp. (NTT) to Neutral, which means the stock will perform in line with the broader market. Overall performance has been impacted by less-than-anticipated sales of mobile handsets due to weak economic conditions...
12Jan2010 | vitalstocks | 0 comments | Continued(INFY) Infosys Technologies Limited Beats Estimates
Infosys Technologies Limited (INFY) reported third quarter 2010 earnings per share of 59 cents, ahead of the Zacks Consensus Estimate of 51 cents. Revenue for the quarter was $1,232 million, a year-over-year growth of 5.2%. Net income after tax was $334 million. A total of 32...
12Jan2010 | vitalstocks | 0 comments | Continued(GS) Goldman Sachs Group to Sell Shanghai Property?
In a bid to contract the size of its property holdings in China, on Monday, Goldman Sachs Group Inc. (GS) was reported by unnamed sources at Reuters to be in final stages of making a sale agreement of its Shanghai property with Shanghai Forte Land Co. Ltd. (Forte), a Chinese...
12Jan2010 | vitalstocks | 0 comments | Continued(NCI) Navigant Consulting Purchases Summit Blue Consulting
Further enhancing its clean energy Advisor position in the energy market, on Monday, Navigant Consulting Inc. (NCI) announced the purchase of Summit Blue Consulting LLC, a leading energy industry consulting firm. However, the terms and details of the transaction remain undisclosed. Navigant’s...
12Jan2010 | vitalstocks | 0 comments | Continued(CALD) Callidus Software Wins New Business
Callidus Software Inc. (CALD) announced that Philips Healthcare selected Callidus Monaco’s Objective Management solution to develop and manage its salesforce. The agreement was signed in the fourth quarter of 2009. Under the agreement, Philips Healthcare will use this application...
12Jan2010 | vitalstocks | 0 comments | Continued(CELG) Preliminary Earnings Results from Celgene
Yesterday, Celgene Corporation (CELG) announced preliminary (unaudited) results for the fourth quarter of fiscal 2009 (ended December 31). The company earned 62 cents per share, beating the Zacks Consensus Estimate by 5 cents. Celgene earned 43 cents in the year-ago quarter....
12Jan2010 | vitalstocks | 0 comments | Continued(VAR) Varian Medical Systems Analysts Initiated as Neutral
We recently initiated coverage on Varian Medical Systems, Inc. (VAR) with a Neutral recommendation. We rate the stock as Neutral with a target price of $50 based on a P/E of roughly 18.6x our fiscal 2010 EPS estimate. Varian reported fourth-quarter earnings per share of 78 cents,...
12Jan2010 | vitalstocks | 0 comments | Continued(IBM) International Business Machines Launching Chinese Financing
International Business Machines Corp. (IBM) announced that its lending and leasing business segment – Global Financing – has entered into a financing deal with Advanced Micro Devices, Inc. (AMD) and its distributor network to provide necessary credit and financial assistance...
12Jan2010 | vitalstocks | 0 comments | Continued(GG) Goldcorp Incorporated Produces Record Quantity of Gold
Goldcorp Inc. (GG), the world’s second-largest gold producer, yielded over 2.4 million ounces of gold in 2009, exceeding the previously announced guidance of 2.3 million ounces. The results were driven by the surge in gold prices in the latter half of 2009. Fourth quarter 2009...
12Jan2010 | vitalstocks | 0 comments | Continued(POOL) Analysts Move Pool Corporation to Underperform
We are downgrading our recommendation on the shares of Pool Corporation (POOL) to Underperform. We are concerned about the pace of recovery, especially in the pool construction/major renovation business. Pool Corp.’s third-quarter earnings came in at 35 cents per share, seven...
12Jan2010 | vitalstocks | 0 comments | Continued(POOL) Pool Corporation – Bear of the Day
We are downgrading our recommendation on the shares of Pool Corporation (POOL) to Underperform. We are concerned about the pace of recovery, especially in the pool construction/major renovation business. The stressed economic conditions with high levels of unemployment, foreclosures...
12Jan2010 | vitalstocks | 0 comments | Continued(NWSA) News Corporation’s Fox to Launch 2nd Soccer Channel
Fox Broadcasting Company, one of the leading divisions of the television segment of News Corp. (NWSA), is all set to launch its second all-soccer channel in the U.S. from March 1, 2010. The new network is named Fox Soccer Plus and will televise matches of the European Champions...
12Jan2010 | vitalstocks | 0 comments | Continued(LPHI) Life Partners Holdings Matches Estimates
Life Partners Holdings Inc. (LPHI) reported fiscal 2010 third quarter results on Monday. The company’s net income grew 15.8% to $8.4 million, compared to $7.3 million in the year-ago quarter. Earnings per share of 57 cents easily surpassed the year-ago result of 49 cents, though...
12Jan2010 | vitalstocks | 0 comments | Continued(FMX) Heineken N.V. to Own FEMSA Beer
Heineken N.V., the largest brewery in Europe, recently announced its plans to acquire the beer operations of FEMSA, formally known as Fomento Económico Mexicano, S.A.B de C.V (FMX), one of the largest brewers in Mexico. The deal involving an all-share transaction is valued at...
12Jan2010 | vitalstocks | 0 comments | Continued(USO) The Best Ways to Play Oil Gold and Frozen Florida Oranges
by Lee Lowell, Stock and Commodity Option Specialist Tuesday, January 12, 2010: Issue #1173 “So what do you expect from the commodity markets in 2010?” If I had a dollar for every time I’ve been asked this question over the past few weeks, I’d be able to buy myself an...
12Jan2010 | InvestmentU | 0 comments | Continued(GME) GameStop Corporation to Repurchase Shares
GameStop Corporation (GME), the world’s largest video game and entertainment software retailer, recently announced that its Board of Directors has approved a $300 million share repurchase program, as a part of its capital allocation strategy for fiscal year 2010. The buyback...
12Jan2010 | vitalstocks | 0 comments | Continued(ASEI) American Science & Engineering – Earnings Estimates Rising
American Science and Engineering, Inc. (ASEI) analysts have raised full-year estimates for the security device makers which continues to climb on fresh terrorism worries. Company Description American Science and Engineering makes X-ray inspection devices to detect explosives,...
12Jan2010 | vitalstocks | 0 comments | Continued(AA) Modest Profits for Alcoa
Shares of US aluminum giant Alcoa Inc. (AA) dropped 6% in after-hours trade and closed at $17.45 following the fourth quarter and full year 2009 earnings announcement on Monday. In the fourth quarter of 2009, Alcoa posted a modest profit of 1 cent, missing the Zacks Consensus...
12Jan2010 | vitalstocks | 0 comments | Continued($CVX) Chevron Corporation’s Bearish Downstream Update
U.S. energy behemoth Chevron Corp. (CVX) released its fourth-quarter interim update, covering the first 2 months of the quarter. On the whole, the update is on the bearish side, with earnings expected to be lower than the previous quarter. The company expects the upstream segment...
12Jan2010 | vitalstocks | 0 comments | Continued(F) Ford Motor Company Has Global Focus
Ford Motor Co. (F) will unveil its first global car, Focus 2012, in the Detroit Auto Show. The model will echo the “One Ford” concept Incorporatedorporated by the company CEO Alan Mullaly, to focus on cars that can be engineered once and sold around the world in more...
12Jan2010 | vitalstocks | 0 comments | Continued(GULF) Forget Dubai: Two Timely Opportunities To Invest In The Middle East
by Tony Daltorio, Investment U Research Tuesday, January 12, 2010 Investors hold to a myriad of catchphrases, proverbs and beliefs about everything from the traditional Santa Claus Rally to buying when there’s blood in the street… or passing up on immediate investments...
12Jan2010 | InvestmentU | 0 comments | Continued(BBY) Best Buy Company – Bull of the Day
The dominant position in the consumer electronic business enables Best Buy (BBY) to sustain growth in its topline, expand its store base and boost its market share through acquisitions. The stores tailor their store merchandising, staffing, marketing and presentation to meet...
12Jan2010 | vitalstocks | 0 comments | Continued(COST) Costco Wholesale Corporation Coverage Initiated as Neutral
We initiate our coverage on Costco Wholesale Corporation (COST) with a Neutral recommendation, meaning the stock will perform in-line with the broader market. The company is one of the largest retailers in the warehouse club market in terms of revenues. Earnings for the last...
12Jan2010 | vitalstocks | 0 comments | Continued(CATO) Cato Corporation – Consensus Earnings Estimates Rise
Cato Corporation (CATO) saw December same store sales jump more than expected and raised full-year guidance. CATO has surprised on estimates 4 quarters in a row by an average of 9.06%. Company Description Cato is a specialty retailer that sells women’s fashion apparel and...
12Jan2010 | vitalstocks | 0 comments | Continued(STD) Investing in Brazil: Two Ways to Profit From This Emerging Market’s Multiple Growth Trends
by Tony Daltorio, Investment U Research Team Monday, January 11, 2010 Soccer… the Samba… and carnivals. These are the things that spring to mind when you mention Brazil. But these days, the country is increasingly considered an excellent destination for investment capital,...
12Jan2010 | InvestmentU | 0 comments | ContinuedIRAs and Roth IRAs: What You Need to Know Before You Make This Retirement Account Switch
by Karim Rahemtulla, Options Expert Monday, January 11, 2010: Issue #1172 Let’s talk retirement – and specifically, Individual Retirement Accounts (IRAs). Simply put, these are accounts that investors set up to save for retirement. They come in various forms Incorporatedluding...
12Jan2010 | InvestmentU | 0 comments | Continued(VIAB) Viacom Downgraded to Neutral by Analysts
We have downgraded our recommendation for Viacom Inc. (VIAB) from Outperform to Neutral ahead of its fourth quarter 2009 financial results. According to our assessment, the company’s advertising revenue will remain challenged due to continuation of demand softness in the advertising...
12Jan2010 | vitalstocks | 0 comments | Continued(ASIA) AsiaInfo Holdings Incorporated – Earnings Estimates Up On Good Quarter
AsiaInfo Holdings, Inc. (ASIA) continues to trade neat its 52-week and all-time high at $32.45 on strong Q3 earnings and rising estimates. Company Description AsiaInfo Holdings, Inc. provides telecom. software solutions and information technology security products in China. The...
12Jan2010 | vitalstocks | 0 comments | ContinuedPut this Commodity at the Top of Your Wish List
by Robert Williams, Publisher Tuesday, January 12, 2010 Capital shortfalls are always met with cost-cutting measures. Period. And when the credit markets froze up last year, cash became harder to come by than a popsicle stand in the desert. On the personal level, plans for...
12Jan2010 | InvestmentU | 0 comments | Continued