Archive for March, 2010
(ORCL) Oracle Provides Better-Than-Expected Earnings Preview
Oracle Corporation (ORCL) will report third-quarter of fiscal 2010 results after the closing bell today. During its second quarter conference call held on December 17, the company provided better-than-expected third-quarter guidance. For the third quarter, Oracle expects non-GAAP...
25Mar2010 | vitalstocks | 0 comments | Continued($YUM) Yum! Brands Rings Taco Bell in India
After having KFC and Pizza Hut as successful brands in India, Yum! Brands, Inc. (YUM) is now focusing on developing Taco Bell as the third brand in India. As a part of its strategy, the fast food restaurant operator opened the first Taco Bell restaurant in Bangalore, India. The...
25Mar2010 | vitalstocks | 0 comments | Continued(MDRX) Allscripts-Misys Healthcare Solutions Wins New Client
Allscripts-Misys Healthcare Solutions, Inc. (MDRX) recently entered into an agreement with a new client, Lake Region Healthcare, whereby the latter has selected Allscripts’ Electronic Health Record (EHR) and Practice Management (PM) solutions. Lake Region Healthcare will deploy...
25Mar2010 | vitalstocks | 0 comments | Continued(HIW) Highwoods Properties Renews Lease with Krispy Kreme
Highwoods Properties, Inc. (HIW), a real estate investment trust (REIT), has recently renewed its lease agreement for 59,000 square feet of space at 370 Knollwood in Winston-Salem, North Carolina, with Krispy Kreme Doughnuts (KKD), an international retailer of premium-quality...
25Mar2010 | vitalstocks | 0 comments | Continued(MRGE) Merge Healthcare Incorporated Commences Tender Offer
Merge Healthcare Incorporated (MRGE) recently commenced a cash tender offer for all of the outstanding shares of AMICAS Inc. (AMCS). Merge is set to acquire AMICAS for $6.05 per share in cash, aggregating $248 million. The acquisition is expected to be completed in the second...
25Mar2010 | vitalstocks | 0 comments | Continued(HIBB) Hibbett Sports Incorporated – Bull of the Day
We maintain our Outperform recommendation on Hibbett Sports (HIBB) as we anticipate it to perform well above the market. Its sharp focus towards mid-sized and smaller markets and a strategic mix of branded as well as localized merchandise provide an edge over its rivals in a...
25Mar2010 | vitalstocks | 0 comments | Continued(TSS) Total System Services – Bear of the Day
We are initiating coverage on Total System Services (TSS) with an Underperform recommendation. The company’s fourth quarter earnings came in a penny ahead of the Zacks Consensus Estimate. However, results posed weak top-line growth due to sluggish performance in the electronic...
25Mar2010 | vitalstocks | 0 comments | Continued(ANAD) ANADIGICS Earnings Scorecard
Estimates for ANADIGICS, Inc. (ANAD) have been on the rise following the release of better-than-expected results for the fourth quarter of 2009. Top-line growth surpassed management’s guidance driven by higher-than-expected shipments in each of the main product categories:...
25Mar2010 | vitalstocks | 0 comments | Continued(RY) Royal Bank of Canada – Consensus Estimates Rise for Fiscal 2010
Royal Bank of Canada (RY), Canada’s largest bank, continues to see an increase in net income as the global economy and credit conditions improve. On Mar 3, the company reported first quarter 2010 results which met the Zacks Consensus Estimate of 96 cents. Net income jumped...
25Mar2010 | vitalstocks | 0 comments | Continued(ALC) Assisted Living Concepts Incorporated – Current-Year Estimate Up
Assisted Living Concepts, Inc. (ALC) recently hit a new 52-week high as the company continues to strategically shift away from Medicaid to private payers that offer higher margins. Analysts are bullish on the company, projecting 15% earnings growth in the next-year period. Company...
25Mar2010 | vitalstocks | 0 comments | Continued(EZPW) EZCORP Incorporated – Revenue Rises 44% in the 2010 Fiscal First Quarter
EZCORP, Inc. (EZPW), the pawn shop operator, is attractively valued with a forward P/E of just 11.2x and a PEG ratio of 0.73. Company Description EZCORP operates pawnshops where it provides loans and credit services to customers who have short-term cash needs. The company offers...
25Mar2010 | vitalstocks | 0 comments | Continued(C) Citigroup Does Not Plan to Shrink Mortgage Business
Citigroup Inc. (C) has altered its plan of shrinking its mortgage business, according to a report in Bloomberg last Friday. The company now plans to increase the purchase of mortgages underwritten by other firms. Additionally, the company intends to have more loans on its balance...
25Mar2010 | vitalstocks | 0 comments | Continued(INFY) Infosys – Return on Equity Triples the Industry Average
Infosys (INFY) is expected to produce strong growth, while offering a dividend that is slightly below that of the S&P 500 Index. Analysts estimate for INFY’s long-term EPS growth rate is 19%. The stock’s current dividend yield is 1.2%, compared to 1.7% for the...
25Mar2010 | vitalstocks | 0 comments | Continued(MDT) Medtronic Receives FDA Panel Approval
Medtronic Inc. (MDT) recently received the U.S. Food and Drug Administration (FDA) Circulatory System Devices Panel’s approval for its study of a new pacemaker that can be used in a Magnetic Resonance Imaging (MRI) machine. The panel has voted unanimously in favor of the new...
25Mar2010 | vitalstocks | 0 comments | Continued(TM) General Motors Makes Korean Recalls
General Motors (GM) has recalled as many as 58,696 vehicles in South Korea due to problems with steering wheels, fuel hoses and seats. The recall includes 4 models: Winstorm SUV and Winstorm Maxx SUV (45,957 units), Lacetti Premiere sedans (12,604 units) and Damas commercial...
25Mar2010 | vitalstocks | 0 comments | Continued(DPS) Dr Pepper Snapple Group – I’m a Pepper you’re a Pepper
Financial Tides found one of the fastest rising S&P 500 stocks — Dr Pepper Snapple Group — (DPS). The company is one of the largest beverage companies in the Americas. They manufacture, market and distribute more than 50 brands of carbonated soft drinks, juices,...
25Mar2010 | Shawn | 0 comments | Continued(LNG) International Oil: The Best Way To Play These Strange Bedfellows For Ultimate Profits
If strange situations make for strange bedfellows, then these are strange times indeed. Major international oil companies and national Chinese oil companies have begun snuggling up with each other. The two groups have very little in common. But that hasn’t stopped CNOOC...
25Mar2010 | InvestmentU | 0 comments | Continued(FSS) Federal Signal Corporation gets a buy signal
Financial Tides observed one of the fastest rising S&P 400 stocks. Federal Signal Corporation – (FSS) is a manufacturer and worldwide supplier of safety, signaling and communications equipment, hazardous area lighting, fire rescue products, street sweeping and vacuum...
25Mar2010 | Shawn | 0 comments | Continued($GS) Goldman Sachs Group Seeks Permit to Operate in India
According to the Economic Times, on March 23, Goldman Sachs Group Inc. (GS) has approached the Reserve Bank of India (RBI), India’s central bank, to seek a banking license to commence commercial banking operations in the country. Currently, the license has only been applied...
25Mar2010 | vitalstocks | 0 comments | Continued(GENZ) Genzyme Likely to See FDA Enforcement Action
Just when Genzyme Corp. (GENZ) was slowly making some progress in addressing its manufacturing issues, the company announced that the US Food and Drug Administration (FDA) intends to take enforcement action related to the company’s manufacturing facility at Allston Landing. The...
25Mar2010 | vitalstocks | 0 comments | Continued(CHU) China Unicom Meets Expectations but Profit Tanks
China Unicom (CHU) has announced 2009 results with reported earnings per ADS of 59 cents matching the Zacks Consensus Estimate. However, net income plunged 73% year-over-year to RMB9.56 billion (US$1.4 billion). This significant year-over-year decline in profitability is partly...
25Mar2010 | vitalstocks | 0 comments | Continued(EZA) South Africa: A Profitable Path to Emerging Nations’ Wealth
Just over two decades ago, South African leader F.W. de Klerk declared an end to his country’s apartheid. The nation has come a long way since then, even hosting this summer’s soccer World Cup. As South Africa opens further to the world, its companies are doing the same....
25Mar2010 | InvestmentU | 0 comments | Continued(GME) GameStop Corporation Analyst Upgrades Stock to Neutral
We recently upgraded our recommendation on GameStop Corporation (GME) to Neutral from Underperform with a target price of $22.00. Being the global leader in retailing software, hardware, and game accessories for video game systems and personal computers, GameStop is better positioned...
25Mar2010 | vitalstocks | 0 comments | Continued(HAE) Haemonetics Enters New Agreement
Haemonetics Corp. (HAE) recently entered a new reagent development and supply agreement with Quotient Biodiagnostics Group and its wholly-owned subsidiary Alba Bioscience Limited. Per the agreement, Haemonetics will have exclusive access to Alba’s comprehensive catalogue...
25Mar2010 | vitalstocks | 0 comments | Continued(WAG) Walgreen’s Earnings Fall Short – Stock Is Up
Walgreen Co. (WAG) reported second quarter fiscal 2010 earnings of 68 cents per share, which missed the Zacks Consensus Estimate of 71 cents. However, the earnings were better than 65 cents reported in the comparable prior-year quarter. Results include 2 cents of restructuring...
25Mar2010 | vitalstocks | 0 comments | Continued(MDCO) The Medicines Company’s Patent Extension Denied
A couple of days after The Medicines Co. (MDCO) received a breather in the form of a favorable court order in its lawsuit against the U.S. Patent and Trademark Office (PTO), the U.S. Food and Drug Administration (FDA) and the U.S. Department of Health and Human Services, the...
25Mar2010 | vitalstocks | 0 comments | Continued(CHA) China Telecom Report Misses Earnings Forecast
China Telecom (CHA) announced 2009 results with adjusted earnings per ADS of US$2.40 missing the Zacks Consensus Estimate of US$2.57. Adjusted earnings exclude amortization of upfront connection fees and impairment losses. The incumbent Chinese fixed-line operator reported an...
25Mar2010 | vitalstocks | 0 comments | Continued(CHK) Chesapeake Energy Corporation Sees More Joint Ventures Ahead
Chesapeake Energy Corporation (CHK) is stepping ahead for more joint ventures for its properties, according to management. Chesapeake holds the industry’s leading position in U.S. acreage. In addition to significant holdings in several other fields, Chesapeake has the rights...
25Mar2010 | vitalstocks | 0 comments | Continued(ETFC) E*TRADE Financial Hires ex-Citigroup CEO
On Monday, E*TRADE Financial Corporation (ETFC) announced that it has chosen the ex-chief executive of Citigroup Inc. (C), Steven Freiberg, 53, as its new Chief Executive Officer (CEO), effective Apr 1, 2010. Steven Freiberg comes with a 30-year valued experience at Citigroup...
25Mar2010 | vitalstocks | 0 comments | Continued($PFE) Health Care Reform and the Stock Market
A year and a day of high drama came to an end (or at least nearly an end) Sunday night when the House passed the Senate version of Health Care Reform along with a separate bill of fixes to some of the more obnoxious aspects of the Senate bill, such as the separate carve-outs...
23Mar2010 | vitalstocks | 0 comments | Continued