Archive for February, 2010
(AMX) America Movil Ruling Expected
Mexico’s antitrust regulator “COFECO” is expected to rule on America Movil’s (AMX) $21 billion proposed consolidation plan today. Latin America’s largest wireless carrier, which is controlled by Mexican billionaire Carlos Slim, launched a plan in January 2010...
11Feb2010 | vitalstocks | 0 comments | Continued(DOW) These Two Petrochemical Companies Have Exactly What The Global Recovery Needs
Tony Daltorio, Investment U Research Thursday, February 11, 2010 While investors in the West continue to vacillate between hope and despair over the possibility of an economic recovery, Asia has some much more definitive signs to go off of. Take the price surge in petrochemicals,...
11Feb2010 | InvestmentU | 0 comments | Continued(WMT) Bureau of Labor Statistics No Layoffs but a Lack of New Jobs
When the Bureau of Labor Statistics puts out its monthly employment report like it did last Friday, the number of jobs gained or lost is the net number between jobs lost and jobs gained. Today, they put out a more detailed picture — but for December, not January —...
10Feb2010 | vitalstocks | 0 comments | Continued(KO) Coca Cola Reports Earnings In Line
Coca Cola Company (KO) reported fourth quarter 2009 results with earnings of 66 cents per share, which was in line with the Zacks Consensus Estimate. Earnings were up 3.0% year-over-year. Net revenues increased 5.4% year-over-year during the quarter, due to a 5% positive impact...
10Feb2010 | vitalstocks | 0 comments | Continued(SNPS) Synopsys to Acquire CoWare
Synopsys Inc. (SNPS) is on an acquisition spree. After the company’s acquisition of VaST Systems Technology Corporation, Synopsys has now announced an agreement to acquire CoWare, Inc. The company expects this acquisition to augment Synopsys’ portfolio of design and verification...
10Feb2010 | vitalstocks | 0 comments | Continued(PHM) Pulte Homes Earnings Loss Widens
Pulte Homes (PHM) has shown a loss of $835 million or $2.21 per share (before special items) for the fourth quarter of 2009, driven by weak demand for new homes. This is much broader than the loss of $480 million or $1.89 per share (before special items) in the same quarter a...
10Feb2010 | vitalstocks | 0 comments | Continued(UFPI) Universal Forest Products Meets Loss Estimate
Universal Forest Products, Inc. (UFPI) announced fourth quarter and full year 2009 results. During the quarter, Universal Forest posted a net loss of $0.66 million or $0.03 per share compared to a net loss of $0.79 million or $0.04 in the fourth quarter of 2008. The reported...
10Feb2010 | vitalstocks | 0 comments | Continued(CRK) Comstock Resources Misses Earnings on Lower Gas Prices
Oil and natural gas firm Comstock Resources Inc. (CRK) reported weaker-than-expected fourth quarter results as low natural gas prices more than offset a rise in production volumes. The loss from operations came in at 15 cents per share, much wider than the Zacks Consensus Estimate...
10Feb2010 | vitalstocks | 0 comments | Continued(CVH) Coventry Health Care Tops Wall Street Consensus
Coventry Health Care, Inc. (CVH) reported fourth quarter fiscal 2009 earnings of 74 cents per share from continuing operations, which was above the Zacks Consensus Estimate of 56 cents. The company earned 55 cents from continuing operations in the year-ago quarter. For fiscal...
10Feb2010 | vitalstocks | 0 comments | Continued(WRB) W.R. Berkley Surpasses Earnings Estimates
W.R. Berkley’s (WRB) fourth quarter earnings of 71 cents per share were ahead of the Zacks Consensus Estimate of 68 cents. In the year-ago quarter, the company had reported earnings of 74 cents per share. Earnings for the reported quarter were helped by an increase in net investment...
10Feb2010 | vitalstocks | 0 comments | Continued(BBY) Best Buy Company – ROE of 22.5% Beats the Industry Average of 16%
Best Buy Co., Inc. (BBY) saw robust sales in December. Revenue of $8.5 billion was up 13% year-over-year. The gain can in part be attributed to a jump of 8.2% in comparable store sales. Company Description Best Buy Co., Inc. is a multinational retailer of technology and entertainment...
10Feb2010 | vitalstocks | 0 comments | Continued(TLM) Talisman Energy Lags Earnings Estimates
Canadian energy explorer Talisman Energy Inc. (TLM) reported weaker-than-expected fourth quarter results, hampered by depressed natural gas prices. Earnings per share from continuing operations, excluding one-time items, came in at 7 Canadian cents (7 cents), below the Zacks...
10Feb2010 | vitalstocks | 0 comments | Continued(CFN) CareFusion Corporation Beats Consensus Estimates
CareFusion Corporation (CFN) recently reported second quarter fiscal 2010 earnings per share of 39 cents, marginally beating the Zacks Consensus Estimate of 38 cents, but lower than the year-ago earnings of 50 cents. Total revenues in the second quarter increased 5% year over...
10Feb2010 | vitalstocks | 0 comments | Continued($BAC) Standard & Poor’s Lowers Outlook on Bank of America and Citigroup
In view of concerns about the U.S. government’s keenness to further support key financial institutions in a way that benefits debt holders, Standard & Poor’s (S&P) Ratings Services on Tuesday cut its ratings outlooks on Bank of America Corporation (BAC) and...
10Feb2010 | vitalstocks | 0 comments | Continued(TCO) Taubman’s Centers Quarterly Funds From Operations Improves
Taubman Centers, Inc. (TCO), a real estate investment trust (REIT), reported strong fourth quarter 2009 results with FFO (fund from operations) of 56 cents per share compared to an FFO loss of 57 cents in the year-earlier quarter. Fund from operations, a widely used metric to...
10Feb2010 | vitalstocks | 0 comments | Continued(RX) IMS Health Reports Earnings In Line
IMS Health (RX) reported fourth-quarter earnings per share (EPS) of 39 cents, in line with the Zacks Consensus Estimate. However, after adjusting for charges related to restructuring initiatives, asset impairment and others, EPS came in at 52 cents compared to 50 cents in the...
10Feb2010 | vitalstocks | 0 comments | Continued(AGCO) AGCO Corporation Beats on Lower Profits
AGCO Corporation (AGCO) reported fourth-quarter earnings of 35 cents per share, beating the Zacks Consensus Estimate of 30 cents, but 67% below the prior-year EPS of $1.05. The significant decline in quarterly earnings compared to last year was primarily driven by lower sales...
10Feb2010 | vitalstocks | 0 comments | Continued(ACF) AmeriCredit Corporation – Earnings Estimates Jump
AmeriCredit Corp (ACF) easily surpassed expectations in its latest earnings report, which has sent shares soaring. Company Description AmeriCredit Corp. provides auto financing through dealerships in the U.S. Currently, ACF has about $9 billion in receivables from 800,000 customers. Another...
10Feb2010 | vitalstocks | 0 comments | Continued(GPOR) Gulfport Energy Corporation – Better Than Expected Third Quarter
Gulfport Energy Corp. (GPOR) recently hit a new 52-week high at $12.86 on a bullish next-year estimate of 100% as energy prices remain in elevated territory. Company Description Gulfport Energy Corp. engages in the exploration and production of oil and natural gas mostly in the...
10Feb2010 | vitalstocks | 0 comments | Continued(EOG) EOG Resources Misses Expectations – Ups Dividend
EOG Resources Inc. (EOG), a major independent oil and gas exploration and production company, reported weaker-than-expected fourth quarter results. Quarterly earnings were 92 cents per share, compared with the Zacks Consensus Estimate of 98 cents and a year-ago profit of 74 cents....
10Feb2010 | vitalstocks | 0 comments | Continued(ABT) Abbott Labs Seeks Approval for New Test
Abbott Labs (ABT) recently announced that it is seeking US Food and Drug Administration (FDA) approval for a new diagnostic tool which can be used to monitor patients for the detection of the most common form of ovarian cancer. The ARCHITECT human epididymis protein 4 (HE4) assay...
10Feb2010 | vitalstocks | 0 comments | Continued(UHAL) AMERCO – Bull of the Day
AMERCO (UHAL) is the parent company of U-Haul International, the largest consumer truck rental company in the world. It is also the second largest self-storage company in North America. The impact of the decline in housing and a decrease in apartment occupancy rates appears to...
10Feb2010 | vitalstocks | 0 comments | Continued(HAIN) Hain Celestial – Bear of the Day
The recent economic downturn has been exerting pressure on consumer disposable incomes triggering a shift in focus from higher priced organic products to cheaper private label brands. Consequently, retailers and distributors are being compelled to reduce inventories, thus exerting...
10Feb2010 | vitalstocks | 0 comments | Continued(CAH) Cardinal Health Upgraded to Outperform
We have recently upgraded Cardinal Health Inc. (CAH) to “Outperform” with a target price of $37 based on approximately 15.7x our fiscal 2011 EPS estimate of $2.36. Cardinal Health reported second quarter fiscal 2010 earnings per share of 57 cents, beating the Zacks Consensus...
10Feb2010 | vitalstocks | 0 comments | Continued(MICC) Millicom International Cellular SA Tops Expectations
Millicom International Cellular SA (MICC) has declared fourth quarter fiscal 2009 financial results. Quarterly total revenue of $923.7 billion was an improvement of 9.8% year-over-year as well as 7.9% sequentially. Fourth quarter revenue of $923.7 million was also better than...
10Feb2010 | vitalstocks | 0 comments | Continued(DIS) The Walt Disney Company Beats Consensus Estimates
The Walt Disney Company (DIS), a diversified entertainment company, recently reported better-than-expected first-quarter 2010 results on the heels of strong results from its Media Networks segment, and effective cost management at its film studio. The quarterly earnings of 47...
10Feb2010 | vitalstocks | 0 comments | Continued(UDR) UDR Fourth Quarter Funds From Operations Declines
UDR Inc. (UDR), a leading multifamily real estate investment trust (REIT), reported fourth quarter 2009 FFO (fund from operations) of $45.5 million or 28 cents per share compared to $58.3 million or 40 cents per share in the year-earlier quarter. FFO, a widely used metric to...
10Feb2010 | vitalstocks | 0 comments | Continued(NXY) Nexen Updates as Long Lake Output Rises
Nexen Inc. (NXY), a major Canadian oil and gas company, has provided its Long Lake projects update. Following the turnaround, which was completed late last year, steam production ramped up at an all time high of more than 105,000 barrels per day (bpd). As a result, the company...
10Feb2010 | vitalstocks | 0 comments | Continued(ED) Consolidated Edison Files With New York to Go Solar
Consolidated Edison Inc. (ED) has filed a proposal with the state of New York asking for funds for solar energy projects in New York City. The company has requested $24.8 million from the state to fund renewable energy programs for residential and commercial customers in New...
10Feb2010 | vitalstocks | 0 comments | Continued(VOLC) Volcano Corporation Expands Product Line
Volcano Corp. (VOLC) recently acquired the Xtract Thrombus Aspiration Catheter device line from Lumen Biomedical. Volcano was previously the exclusive distributor of the device. This deal is in-line with Volcano’s goal to develop a portfolio of diagnostic and therapeutic tools...
10Feb2010 | vitalstocks | 0 comments | Continued