Archive for January, 2010
(TSRA) Tessera Technologies – Bear of the Day
Tessera Technologies (TSRA) is a provider of back-end technology for semiconductor manufacturing. The company’s technology enables miniaturization of electronic goods, which is a driver of IC sales in the market today. Consequently, the host of patents, new technologies,...
7Jan2010 | vitalstocks | 0 comments | Continued(GIII) G-III Apparel Group Ltd. – Optimistic Views
G-III Apparel Group Ltd. (GIII) is thriving in the challenging consumer environment, posting better than expected Q3 results in early December and providing an optimistic view on Q4. Company Description G-III Apparel Group designs and manufactures a range of leather outerwear...
7Jan2010 | vitalstocks | 0 comments | Continued(SFLY) Shutterfly Incorporated – Bull of the Day
We are upgrading our recommendation on the shares of Shutterfly (SFLY) to Outperform. Increased usage of digital cameras combined with accessibility of high-speed internet provides significant expansion potential for the company. Product innovation, strategic partnerships with...
7Jan2010 | vitalstocks | 0 comments | Continued(KR) Initial Unemployment Claims Rise Slightly
Initial claims for unemployment insurance rose to 434,000, an increase of 1,000. That, however, comes on the heels of a very large drop last week, and both weeks have some holiday distortions in them. Given the week-to-week volitility in the numbers, it is best to look at the...
7Jan2010 | vitalstocks | 0 comments | Continued(BHI) Stock Market News for January 07, 2010 – Market News
U.S. stocks ended the day little changed as a mixed bag of economic data and caution ahead of the government’s employment report on Friday kept traders on the sidelines. The FOMC minutes did not sound too convincing on the economy’s upturn, and traders pondered over the...
7Jan2010 | vitalstocks | 0 comments | Continued(DVAX) Dynavax Technologies Corporation Buys Symphony Dynamo
Recently, Dynavax Technologies Corp. (DVAX) completed the acquisition of Symphony Dynamo, Inc. in a stock deal. Under this agreement, Dynavax issued 13 million shares of its common stock to Symphony. The company in return received $20 million in cash as well as rights to its...
7Jan2010 | vitalstocks | 0 comments | Continued(SHLD) Sears Holdings Corporation Surges on Upbeat Guidance
Sears Holdings Corp. (SHLD) offered upbeat financial guidance for the fourth quarter of fiscal 2009 after reporting growth in December same-store sales driven by Kmart. The company stated that fourth-quarter earnings is expected between $385 million and $465 million, or $3.36...
7Jan2010 | vitalstocks | 0 comments | Continued(CNQ) Canadian Natural Resources Ltd. – 2010 Earnings Estimates Rising
Canadian Natural Resources Ltd. (CNQ) is pressuring new highs as analysts raise their 2010 projections. Company Description Canadian Natural Resources is a vertically integrated oil and gas company. The company explores, develops, and produces those energy components. Additionally...
7Jan2010 | vitalstocks | 0 comments | Continued(PVH) Phillips-Van Heusen Corporation – Higher Earnings Estimates on a Surging Share Price
Phillips-Van Heusen Corp. (PVH) continues to see bullish forecasts. Analysts polled by Zacks are calling for earnings of $3.05 for the current fiscal year, which represents 15% growth from last year’s projection. Shares of PVH more than quadrupled the market’s performance...
7Jan2010 | vitalstocks | 0 comments | ContinuedJan 7: Initial Jobless Claims Up – Economic Highlights
Initial Claims increased to 434,000, for the week ending 01/02, less than the expected increase to 441,000, following a decrease to 433,000, the revised figure for the previous week. The 4-week moving average fell for the 18th successive week to 450,250, by 10,250 from the previous...
7Jan2010 | vitalstocks | 0 comments | Continued(SOPW) Three Solar Stocks Are Soaking Up Rays – Investment Ideas
Global leaders have recently convened in Copenhagen to discuss one of the hottest topics in the world, climate change. Granted, it didn’t exactly go off without a hitch but putting that kind of political firepower in one place means it’s a big deal. Now, whether you...
7Jan2010 | vitalstocks | 0 comments | Continued(BBY) Best Buy Incorporated – Earnings Surprised by 23.26% in the Fiscal 2010 Third Quarter
Best Buy Inc. (BBY) saw sales climb 5% in the fiscal third quarter and raised full year guidance going into the all-important holiday season. BBY is trading with a forward P/E of 13.32. Company Description Best Buy is a specialty retailer of technology and entertainment products....
7Jan2010 | vitalstocks | 0 comments | Continued(IVR) Invesco Mortgage Capital Will Offer 7 Million Shares
Invesco Mortgage Capital Inc. (IVR) said on Wednesday that it intends to commence a public offering of 7 million shares of its common stock. Invesco Mortgage will grant the underwriters a 30-day option to purchase up to 1.05 million additional shares to cover over-allotments. The...
7Jan2010 | vitalstocks | 0 comments | Continued(MSFT) Microsoft Offers Few Surprises at Consumer Electronics Show 2010
Microsoft Corporation’s (MSFT) keynote at the 2010 Consumer Electronics Show (CES) held few surprises. Although management did have announcements in computing, gaming and entertainment, there was no elaboration of the cell phone strategy, which might be discussed next month...
7Jan2010 | vitalstocks | 0 comments | Continued($MS) Morgan Stanley Wins Lawsuit Against Discover Financial Services
Morgan Stanley (MS) recently announced that it has won a legal case for breach of contract against its former subsidiary, Discover Financial Services (DFS) along with a compensation amount of about $800 million that the latter owed to Morgan Stanley. The case was filed by Morgan...
7Jan2010 | vitalstocks | 0 comments | Continued(CEPH) Cephalon’s Nuvigil Under Pressure From Another Potential Generic Version
Cephalon Inc.’s (CEPH) Nuvigil remains under pressure as yet another generic company is seeking to market a generic version of the drug. Watson Pharmaceuticals, Inc. (WPI) recently confirmed that it has filed an abbreviated new drug application (ANDA) with the US Food and Drug...
7Jan2010 | vitalstocks | 0 comments | Continued(BIIB) Biogen Idec Announces New PML Cases In Patients Taking Their Multiple Sclerosis Drug Tysabri
Biogen Idec Inc. (BIIB) recently announced that 4 more cases of progressive multifocal leukeoencephalopathy (PML), a potentially deadly brain infection, were observed in November in patients taking its multiple sclerosis drug Tysabri. This brings the total number of PML cases...
7Jan2010 | vitalstocks | 0 comments | Continued(S) Sprint Nextel to Market Sierra Wireless’ “Overdrive” Wireless Router
Sprint Nextel (S) has confirmed that it will market the new dual-mode (operating on 3G and 4G networks) wireless router called “Overdrive” in the US. Manufactured by Sierra Wireless (SWIR), the device will be available exclusively for Sprint’s high-speed wireless customers...
7Jan2010 | vitalstocks | 0 comments | Continued($T) AT&T Wireless Welcomes Android Devices
AT&T’s (T) foray into the Android cell phone market is set to begin as the largest telephone company in the US has announced its plan to sell devices based on Google’s (GOOG) Android platform. The company expects to unveil five new smartphones from handset vendors including...
7Jan2010 | vitalstocks | 0 comments | ContinuedAAII Sentiment Survey: Bullish Sentiment Falls, But Stays Above Historical Average
Bullish sentiment pulled back from its four-month high, according the latest AAII Sentiment Survey. The percentage of investors expecting the markets to rise over the next six months fell 8.2 percentage points to 41%. Nonetheless, this is the seventh time in the last eight weeks...
7Jan2010 | vitalstocks | 0 comments | Continued(CELL) Brightpoint Gives Tepid Forth Quarter Outlook
Brightpoint Inc. (CELL) provided disappointing preliminary estimates of fourth quarter 2009 financial results. Income from continuing operations on a GAAP basis is likely to be within the range of 22 cents to 26 cents. However, adjusted (excluding special items) EPS will be within...
6Jan2010 | vitalstocks | 0 comments | Continued(DYN) Dynegy Repurchases $830 Million in Senior Notes
Dynegy Inc. (DYN) through its wholly-owned subsidiary, Dynegy Holdings Inc. repurchased approximately $830 million of its senior unsecured notes. The notes consist of $420 million of its outstanding 6.875% Senior Unsecured Notes due 2011 and approximately $410 million of its...
6Jan2010 | vitalstocks | 0 comments | Continued(SII) Smith International Gets Petrobras Contract
Smith International (SII) through one of its subsidiaries – PathFinder Energy Services – won a contract from Brazil’s oil giant Petrobras (PBR). The contract represents an estimated $80 million to $100 million of revenue over the 3-year term. PathFinder will also buy all...
6Jan2010 | vitalstocks | 0 comments | Continued(HRB) H&R Block Settles IRA Lawsuit
H&R Block Inc. (HRB) has settled a lawsuit that alleged the company of fraudulently marketing its Express Individual Retirement Account (Express IRA) product that had hidden fees and low interest rates. New York Attorney General Andrew Cuomo said that over 600,000 Express...
6Jan2010 | vitalstocks | 0 comments | Continued(ITMN) InterMune Drug Gets U.S. Food and Drug Administration Priority
InterMune, Inc. (ITMN) recently announced that the U.S. Food and Drug Administration (FDA) granted a priority review to pirfenidone, its candidate for treating idiopathic pulmonary fibrosis (IPF), a fatal lung disease. The U.S. agency is expected to decide on whether to approve...
6Jan2010 | vitalstocks | 0 comments | Continued(ACE) ACE Limited Issues Earnings Guidance
Yesterday, ACE Ltd. (ACE) issued its earnings guidance for full fiscal 2010, which was well below the Zacks Consensus Estimate. The company expects earnings per share to range between $6.25 and $6.75 for 2010. This compares with the Zacks Consensus Estimate of $7.63 per share. ACE’s...
6Jan2010 | vitalstocks | 0 comments | Continued(ADP) Automatic Data Processing Sees 84,000 Jobs Lost
This morning, Automatic Data Processing (ADP), the largest processor of private sector payrolls, reported that the economy lost 84,000 more private sector jobs in December. This was somewhat worse than the consensus expectations of 75,000 lost jobs. It was, however, a substantial...
6Jan2010 | vitalstocks | 0 comments | Continued(PDCO) Patterson Companies Analyst Initiates Coverage at Neutral
We recently initiated coverage on Patterson Companies Inc. (PDCO) with a Neutral recommendation. We rate the stock as Neutral with a target price of $30 based on a P/E of roughly 15.5x our fiscal 2011 EPS estimate of $1.94. Patterson reported second quarter fiscal 2010 earnings...
6Jan2010 | vitalstocks | 0 comments | Continued(TEN) Earnings Preview for Tenneco
Tenneco (TEN) is scheduled to release its sales and earnings results for the fourth quarter and full year 2009 before the market opens on Thursday, Feb 4, 2010. The Lake Forest, Illinois-based manufacturer and supplier of emission control and ride control systems showed an...
6Jan2010 | vitalstocks | 0 comments | Continued(CCC) Calgon Carbon Corporation Gets Distributor
Calgon Carbon Corporation (CCC), a global leader in services and solutions for making water and air safer and cleaner and its European operation, Chemviron Carbon, has acquired Zwicky Denmark and Sweden, long-term distributors of Chemviron Carbon’s activated carbon products...
6Jan2010 | vitalstocks | 0 comments | Continued