Archive for February, 2010
(USO) Four Commodities – Four Ways to Profit
by Lee Lowell, Stock and Commodity Option Specialist Wednesday, February 10, 2010: Issue #1194 So much for the oil rally. The market started 2010 in blazing fashion, with March oil futures tagging $84 a barrel. Next stop: $100, right? A price not seen since the fall of 2008....
10Feb2010 | InvestmentU | 0 comments | Continued(RNR) RenaissanceRe Holdings Beats on Revenues
RenaissanceRe Holdings Ltd.’s (RNR) fourth-quarter operating earnings of $2.82 per share were substantially ahead of the Zacks Consensus Estimate of $2.47. This also compares much favorably with operating earnings of 47 cents in the year-ago quarter. The better-than-expected...
10Feb2010 | vitalstocks | 0 comments | Continued(BIIB) Biogen Idec Beats Expectations and Guides Higher
Biogen Idec Inc. (BIIB) reported fourth quarter earnings per share of $1.18, beating the Zacks Consensus Estimate of $1.05. The company reported earnings of 91 cents in the year-ago period. Performance was driven by higher revenues and lower expenses. Revenues increased 5% to...
10Feb2010 | vitalstocks | 0 comments | Continued(TM) Honda Motor Company Joins Recall Parade
Following top automaker Toyota Motor Corp.’s (TM) foray into massive automotive safety recalls, Honda Motor Co. (HMC), Japan’s second biggest automaker, is heading down a similar road. Honda has recalled 437,000 vehicles on top of a recall of 514,200 vehicles last...
10Feb2010 | vitalstocks | 0 comments | Continued(ATAC) ATC Technology Corporation Reports Flat Earnings
ATC Technology Corp. (ATAC) has posted flat earnings of 50 cents per share (before special items) for the fourth quarter of 2009, compared to the year ago level. This was a tad lower than the Zacks Consensus Estimate of 52 cents per share. Consolidated revenue in the quarter...
10Feb2010 | vitalstocks | 0 comments | Continued(RNOW) RightNow Technologies Exceeds Consensus Estimates
RightNow Technologies (RNOW) reported fourth quarter of 2009 earnings per share from continuing operations of 5 cents, exceeding the Zacks Consensus Estimate of 1 cent. This was excluding a non-recurring litigation settlement gain of $1.0 million in the quarter. Total revenue...
10Feb2010 | vitalstocks | 0 comments | Continued(S) Sprint Misses Expectations – Losses Slow
Sprint Nextel (S) reported fourth-quarter 2009 results with a net loss per share of 34 cents, wider than the Zacks Consensus Estimate of a loss of 18 cents. The third-largest U.S. wireless carrier posted a net loss of $980 million, 40% lower than the net loss of $1,621 million...
10Feb2010 | vitalstocks | 0 comments | Continued(BDX) Becton, Dickinson and Company Recalls Catheters
Becton, Dickinson and Company (BDX) recently started expanding the recall of its catheters as a result of a manufacturing problem that could cause fatal embolisms or blood leakage. Becton is recalling its defective Q-Syte Luer Access Devices and Nexiva Closed IV Catheter Systems....
10Feb2010 | vitalstocks | 0 comments | Continued(HAR) Harman International Industries Swings to Profit – Shares Up
Harman International Industries Inc.’s (HAR) second-quarter earnings beat the Zacks Consensus Estimate by $0.41. Shares were up 16.0% yesterday, in response to the news. Revenue Revenue of $937.5 million was up 23.8% sequentially and 24.0% year over year. The results were...
10Feb2010 | vitalstocks | 0 comments | Continued(RS) Reliance Steel & Aluminum Company – Expected Earnings Growth of 96.34%
Reliance Steel & Aluminum Company (RS) recently provided fourth quarter earnings guidance much higher than the Zacks Consensus. Is this a sign that the global recovery is taking hold? Company Description Reliance Steel provides metals processing services through more than...
10Feb2010 | vitalstocks | 0 comments | Continued(LULU) Lululemon Athletica – Income From Operations Jumped 60%
Lululemon Athletica (LULU) topped Wall Street’s expectations for the sixth time in a row on strong top-line growth as well as improving margins. Company Description Lululemon Athletica is a yoga clothing and equipment company based in Vancouver. Revenues Up 30% On Dec 9...
9Feb2010 | vitalstocks | 0 comments | Continued(GSIC) GSI Commerce Incorporated – Income From Operation Up More Than 100%
GSI Commerce, Inc. (GSIC) continues to trade near its 52-week high at $26.10 ahead of the company’s Feb 10, Q4 results. In the meantime, estimates continue to rise, with the next-year estimate up 10 cents in the last 2 months to 26 cents per share, which would represent...
9Feb2010 | vitalstocks | 0 comments | Continued(VMC) Vulcan Materials – Bear of the Day
Despite being the largest producer of construction aggregates and a leading producer of other construction materials, Vulcan Materials (VMC) faces a challenging environment in the construction industry. The economic crisis, leading to a significant reduction in new home construction,...
9Feb2010 | vitalstocks | 0 comments | Continued(CALD) Callidus Software Partners with Seven Seas Technologies
Callidus Software (CALD) recently announced a partnership with Seven Seas Technologies, a leading provider of integrated business and technology solutions. Under the agreement, Seven Seas Technologies will resell, implement and support Callidus Software’s sales performance...
9Feb2010 | vitalstocks | 0 comments | Continued(NSANY) Nissan Motors Results Improve
Nissan Motor Co. (NSANY) has revealed a net income of ¥45 billion ($480 million) for the third quarter of its fiscal ended December 31, 2009, in sharp contrast to a loss of ¥83.2 billion ($810 million) in the same period a year ago. The improvement was attributable to additional...
9Feb2010 | vitalstocks | 0 comments | Continued(NDAQ) Nasdaq OMX Group Beats on Low Charges
Nasdaq OMX Group Inc.’s (NDAQ) fourth quarter operating earnings per share of 46 cents surpassed the Zacks Consensus Estimate of 44 cents and prior quarter earnings of 42 cents. However, operating earnings declined substantially from 52 cents reported in the prior-year quarter....
9Feb2010 | vitalstocks | 0 comments | Continued(HIG) Hartford Financial Services Beats Forecasts – Swings to Net Gain
Hartford Financial Services’ (HIG) fourth quarter core earnings came in at $1.51 per share, substantially ahead of the Zacks Consensus Estimate of $1.40. This also compares favorably with the core loss of 72 cents in the year-ago quarter. The upside was primarily attributable...
9Feb2010 | vitalstocks | 0 comments | Continued(ADCT) ADC Telecommunications’ Profit Tops Expectations
Yesterday, after market close, ADC Telecommunications Inc. (ADCT) declared financial results for the first quarter of fiscal 2010. Due to a change in the company’s reporting fiscal year, management has compared results for the three month period ended December 31, 2009 with...
9Feb2010 | vitalstocks | 0 comments | Continued(VMC) Vulcan Materials Company’s Loss Widens
Vulcan Materials Company (VMC) reported loss from continuing operations of 10 cents per share, below the Zacks Consensus Estimate of break-even in the fourth quarter of 2009. In the fourth quarter, aggregates shipments declined 23% year over year, reducing earnings $0.57 per...
9Feb2010 | vitalstocks | 0 comments | Continued(BJ) BJ’s Wholesale Club’s Sales Rise
BJ’s Wholesale Club Inc. (BJ), a leading warehouse club operator in the United States, recently reported sales for the four-week period ended January 30, 2010. Sales for the month jumped 13% to $742.6 million from $656.9 million reported in the same month last year. Comparable...
9Feb2010 | vitalstocks | 0 comments | Continued(NYX) NYSE Euronext’s Earnings Report Beats on Lower Expenses
NYSE Euronext, Inc.’s (NYX) fourth quarter operating earnings per share of 58 cents came in decisively ahead of the Zacks Consensus Estimate of 48 cents. Earnings were also ahead of the 52 cents per share recorded in the year-ago quarter and 53 cents in the prior quarter. Results...
9Feb2010 | vitalstocks | 0 comments | Continued(SPEX) Initiating Spherix Analyst Coverage at Outperform
We are initiating coverage of Spherix, Inc. (SPEX) with an Outperform rating and price target of $3.50 per share. We are optimistic about D-tagatose, a functional sweetener and a naturally occurring L-epimer of D-Fructose currently under phase III development for the treatment...
9Feb2010 | vitalstocks | 0 comments | Continued(CFSG) China Fire & Security Group Wins $92Million Contract
China Fire & Security Group Inc. (CFSG) has signed a total solution contract with Wuhan Iron and Steel Corp. (WISCO) for the Fire Protection Retrofitting Project. WISCO is one of the top three iron and steel companies in China and receives strong government support in accordance...
9Feb2010 | vitalstocks | 0 comments | Continued(ANDE) The Andersons Beats Street Estimates
The Andersons, Inc. (ANDE) reported fourth-quarter earnings of 88 cents per share, well above the Zacks Consensus Estimate of 42 cents and a significant improvement compared to a net loss of $1.84 per share in the fourth quarter of 2008. The company’s Grain and Ethanol group...
9Feb2010 | vitalstocks | 0 comments | Continued(BMRN) BioMarin Pharmaceutical Announces Plan to Expand
BioMarin Pharmaceutical Inc. (BMRN) announced recently that it will purchase the privately-held drug discovery and early stage development company LEAD Therapeutics. LEAD is developing LT-673, an orally available poly (ADP-ribose) polymerase (PARP) inhibitor for treating patients...
9Feb2010 | vitalstocks | 0 comments | Continued(OPNT) OPNET Technologies – Bull of the Day
We are extending our estimates through 2012 fiscal year for Buy-rated OPNET Technologies (OPNT). OPNET reported very good third quarter results due to strong new software license revenue. Gross profit margins were well above expectations. We expect gains in market share to continue....
9Feb2010 | vitalstocks | 0 comments | Continued(WRLD) World Acceptance Corporation – Posts Record Results for the Fiscal Third Quarter
World Acceptance Corporation (WRLD) recently reported a record fiscal third quarter as loan volumes rose. The stock is cheap. WRLD trades at just 8.6x forward earnings. Company Description World Acceptance provides short-term small loans, medium-term larger loans, credit insurance...
9Feb2010 | vitalstocks | 0 comments | Continued(DELL) Dell to Acquire Exanet
World’s third largest computer maker Dell Inc. (DELL) has initiated the process to acquire the assets of an Israeli storage company for a consideration of $12 million, a month after the company went into receivership. The final settlement is yet to be completed and Dell is...
9Feb2010 | vitalstocks | 0 comments | Continued(ATML) Atmel Corporation Beats Consensus Expectations
Atmel Corporation (ATML) reported revenues of $343.6 million in the fourth quarter of 2009, up 8% sequentially and up 3% year over year and beats management’s expectations. The growth in revenues was driven primarily by improved demand from the industrial, communications, computing,...
9Feb2010 | vitalstocks | 0 comments | Continued(ARO) Aeropostale Raises Earnings Guidance
Aeropostale Inc. (ARO) – a specialty retailer of casual apparel and accessories, targeting children, young men and women – recently raised its fourth quarter 2009 earnings outlook. The mall-based retailer now expects fourth-quarter earnings in the range of $1.41 to $1.42...
9Feb2010 | vitalstocks | 0 comments | Continued