Archive for January, 2010
(GENZ) Hospira Inks Manufacturing Deal with Genzyme
Genzyme Corp. (GENZ) has entered into a contract manufacturing agreement with Hospira (HSP) for its key drugs Incorporatedluding Cerezyme and Fabrazyme. We believe this move has been taken to reduce the impact of the company’s manufacturing plant-related issues on the supply...
5Jan2010 | vitalstocks | 0 comments | Continued(VOD) Vodafone UK Preps for Apple’s iPhone
Vodafone (VOD) is warming up for the upcoming launch of Apple’s (AAPL) iPhone in the UK. The international telecom heavyweight will officially unveil the iconic smartphone on Jan 14, 2010. Vodafone currently sells iPhone in 11 countries including Australia, the Czech Republic,...
5Jan2010 | vitalstocks | 0 comments | Continued(NUE) U.S. New Factory Orders Rise
The Census Bureau reported today that New Orders for Manufacturers rose by 1.1% in November. This was up from a 0.8% increase in October (which was revised up from 0.6%) and comes on top of a 1.6% increase in September. The increase was much better than the 0.5% expected by the...
5Jan2010 | vitalstocks | 0 comments | Continued(PLXS) Plexus Downgraded to Neutral by Analysts
We have downgraded Plexus Corp. (PLXS) to Neutral from our previous Outperform rating with a six-month price target of $31. Our target price represents a multiple of 19.6X our 2010 EPS estimate, slightly above the S&P 500. The impact of weak economic conditions significantly...
5Jan2010 | vitalstocks | 0 comments | Continued(COL) Rockwell Collins Acquires AR Group
Rockwell Collins Inc. (COL) completed the acquisition of AR Group Inc. and its affiliated companies Incorporatedluding Air Routing International, a premier provider of trip support services for business aircraft flight operations. Rockwell Collins already has a significant foothold...
5Jan2010 | vitalstocks | 0 comments | Continued(AIA) Let Asian Growth Propel Your Portfolio Higher
by Tony Daltorio, Investment U Research Tuesday, January 5, 2009 I’ve got good news and bad news… The good news: Consumer confidence is rising sharply. The bad news: Those consumers live in Asia. According to the Nielsen research group, developing countries are seeing...
5Jan2010 | InvestmentU | 0 comments | Continued(TRN) Trinity Industries Acquires Quixote Corporation
Trinity Industries Inc. (TRN) announced that it has signed a definitive agreement to acquire Quixote Corp. (QUIX) for a consideration of $61 million. Trinity will offer $6.38 per share for the acquisition, which will be completed through a tender offer for Quixote’s common...
5Jan2010 | vitalstocks | 0 comments | Continued(RCRC) RC2 Corporation Penalized for Lead Levels
RC2 Corp. (RCRC) has agreed to pay $1.25 million civil penalty for violation of the federal lead paint ban, as announced by the U.S. Consumer Product Safety Commission (CPSC) recently. The CPSC had alleged that RC2 Corp. and one of its wholly owned subsidiaries, Learning Curve...
5Jan2010 | vitalstocks | 0 comments | Continued(SFLY) Shutterfly Analysts Upgrade to Outperform
We are upgrading our recommendation on the shares of Shutterfly Inc. (SFLY) to Outperform. Increased usage of digital cameras combined with accessibility of high-speed internet provides significant expansion potential for the company. Product innovation, strategic partnerships...
5Jan2010 | vitalstocks | 0 comments | Continued(CHT) Chunghwa Telecom Co. Ltd Downgraded to Neutral
We downgrade our recommendation for Chunghwa Telecom Co. Ltd. (CHT) to Neutral following increased competition in the Taiwanese telecom market and a challenging economic environment. Chunghwa commands the majority share in the Taiwan market for traditional voice and dial-up services,...
5Jan2010 | vitalstocks | 0 comments | Continued(C) Looking Ahead to a Decade of Zeroes
A decade ago when the ball fell in Times Square, there was an enormous sense of both optimism about the future and relief that the world did not come to an end. I’m not talking about some sort of round-figure Armageddon, but the much more real fear back then that all the computers...
5Jan2010 | vitalstocks | 0 comments | Continued($JPM) JP Morgan Chase’s Washington Mutual May Get Tax Refund
Washington Mutual last week announced that it might get an additional $2.6 billion in tax refunds, due to a law signed by President Obama last month. On Nov 6, 2009, President Obama signed a law that extended the temporary net operating loss carryback period to five years from...
5Jan2010 | vitalstocks | 0 comments | Continued(NVS) Novartis Announces Intent to Gain Full Ownership of Alcon
Novartis (NVS) has recently announced that it intends to gain full ownership of eye care company Alcon Inc. (ACL). Novartis will first complete its April 2008 agreement with Nestlé S.A. whereby it will acquire a majority stake (77%) in Alcon. Of this, Novartis acquired a 25%...
5Jan2010 | vitalstocks | 0 comments | Continued(VRSN) VeriSign Registers Record Numbers of eCommerce Visitors
VeriSign (VRSN) recently announced that it registered a record number of visitors for online sales during the year-end holidays this year. These numbers clearly indicate an increase in traffic on e-commerce sales. Online shoppers saw the VeriSign seal approximately 789 million...
5Jan2010 | vitalstocks | 0 comments | Continued(TW) Watson Wyatt Merges with Towers Watson & Company
Human resource consulting major Watson Wyatt Worldwide Inc. recently declared the completion of its $4.0 billion merger deal with competitor Towers Perrin Forster & Crosby, in what may be described as a big-ticket merger. The combined entity is called Towers Watson &...
5Jan2010 | vitalstocks | 0 comments | Continued(EMN) Eastman Chemical Company – Strong ROE of 22.46%
Eastman Chemical Company (EMN) expects to see 20% earnings growth as the recovery takes hold. EMN is trading with a forward P/E of 14.03. Company Description Eastman Chemical manufactures chemicals, fibers and plastics materials from 11 manufacturing facilities around the world. The...
5Jan2010 | vitalstocks | 0 comments | Continued(AET) Aetna Incorporated – Bear of the Day
Aetna Inc. (AET) reported third quarter earnings per share of 69 cents, which beat the Zacks Consensus Estimate of 66 cents per share. However, earnings declined 38% compared to $1.12 reported in the prior-year period. Although revenues increased 9% year over year to $8.72 billion...
5Jan2010 | vitalstocks | 0 comments | Continued(CLF) Cliffs Natural Resources – 2010 Growth Forecasted to be 329%
Cliffs Natural Resources Inc. (CLF) shares continue to set new highs as analysts and management raise estimates. Company Description Cliffs Natural Resources mines iron and metallurgical coal in the U.S., South America, and Australia. The company focuses on supplying growing...
5Jan2010 | vitalstocks | 0 comments | Continued(PG) Why Proctor & Gamble Is Still The One To Watch
Tony Daltorio, Investment U Research Team It’s hard to find a more blue, blue chip company than the world’s largest consumer goods company, Procter & Gamble (NYSE: PG). Around for 172 years now, the company does business with over four billion customers in more than...
5Jan2010 | InvestmentU | 0 comments | Continued(ZOLL) ZOLL Medical Corporation – Fourth-Quarter Results Beat by 100%
ZOLL Medical Corp. (ZOLL) just hit a new 52-week high on continued momentum from the company’s better than expected Q4 results from early November. Company Description ZOLL Medical Corp., together with its subsidiaries, develops and sells specialized medical devices and...
5Jan2010 | vitalstocks | 0 comments | ContinuedGeneral Motors Sees Impressive China Sales
General Motors (GM) has witnessed a staggering 67% rise in sales to 1.8 million vehicles in 2009, driven by Government incentives including tax cuts and subsidies. GM has revealed that its joint venture with Shanghai Automotive Industries Corp. (SAIC) has shown a sales rise of...
5Jan2010 | vitalstocks | 0 comments | Continued(GR) Court Ruling Forces Goodrich Corporation to Pay Compensation
Goodrich Corp. (GR) received an unfavorable Canadian court ruling, which directed it to pay $11 million in compensation. The compensation would be paid to 184 passengers of an Air France jet, which had a defective emergency evacuation system. Goodrich’s emergency evacuation...
5Jan2010 | vitalstocks | 0 comments | Continued(RSH) RadioShack Corporation – Bull of the Day
We upgrade our recommendation for RadioShack (RSH) to Outperform based on our assessment that the company is likely to improve its earnings in future reporting quarters as a result of a significant boom in the wireless industry. The company is generating healthy revenue growth...
5Jan2010 | vitalstocks | 0 comments | Continued(BAL) Two Cotton Investments Bound To Benefit from the Laws Of Supply and Demand
Tony Daltorio, Investment U Research Some of the best investment opportunities can happen simply by ignoring the Wall Street herd and venturing onto the road less traveled. Take traditional “breakfast club” commodities like sugar, cocoa, coffee and orange juice; all of...
5Jan2010 | InvestmentU | 0 comments | Continued(WFC) Wells Fargo & Company Pays $25Million in Stock Bonuses
Carrying out its aforesaid bonus payment plans, on Dec. 31, 2009, Wells Fargo & Co. (WFC) announced that it has paid stock bonuses worth $25 million to its top four executives. The company also declared its denial for any cash bonus payments for the fiscal year 2009. Moreover,...
5Jan2010 | vitalstocks | 0 comments | Continued(ANGO) AngioDynamics Launches Two New Products
Recently, AngioDynamics (ANGO) expanded its product portfolio by launching two products ? the total abscession nephrostomy drainage catheter and the micro-introducer kits with a new stiffened introducer option. AngioDynamics completed the total abscession family of products by...
5Jan2010 | vitalstocks | 0 comments | Continued(MASI) Masimo Corporation Can Now Earn While Patients Test Device Effectiveness
Masimo Corporation (MASI) has recently received a new Current Procedural Terminology (CPT) code from the American Medical Association, 88738, for its noninvasive hemoglobin (SpHb) measurement. Medicare has priced the new CPT code at $7.19 on its 2010 Medicare Clinical Laboratory...
5Jan2010 | vitalstocks | 0 comments | Continued($BP) Natural Gas Storage Supplies Drop Again
In its weekly release, the Energy Information Administration (EIA) reported a 124 billion cubic feet (Bcf) decline in natural gas supplies for the week ended December 25, 2009. The inventory decline, though smaller-than-expected, was the fourth in as many weeks. This has finally...
5Jan2010 | vitalstocks | 0 comments | Continued(DT) Google’s Nexus One “Google Phone” Coming to T-Mobile
T-Mobile USA, the US wireless unit of Deutsche Telekom (DT), is set to kick-start the new year by offering Google’s (GOOG) much-anticipated Nexus One (a.k.a “Google phone”) Android phone. Manufactured by the Taiwanese handset vendor HTC, Nexus One is Google’s own...
5Jan2010 | vitalstocks | 0 comments | Continued(WY) Institute for Supply Management’s Manufacturing Index Rises
The Institute for Supply Management’s survey of manufacturing purchasing managers was stronger than expected in December, coming in at 55.9 — up from 53.6 in November and better than the consensus expectations for a rise to 54.3. The ISM index is constructed from 10 sub-indexes...
5Jan2010 | vitalstocks | 0 comments | Continued