Archive for March, 2010
(DFJ) Live From Investment U: Get In On These Powerful Profit Plays Today
I could brag about the gorgeous weather we’re enjoying here in San Diego (blue sky, 72 degrees, no humidity)… Or the view of the magnificent 18-hole golf course here at The Grand Del Mar hotel… But why beat around the bush? Let’s talk about money! Specifically, how...
19Mar2010 | InvestmentU | 0 comments | Continued($GOOG) Google’s Nexus One Smartphone Heading to Sprint
Google’s (GOOG) so-called “superphone” Nexus One will soon get a second official US carrier as Sprint Nextel (S) is reportedly planning to market the device in near future. The third largest US carrier will unveil pricing and the launch date shortly. Manufactured by...
19Mar2010 | vitalstocks | 0 comments | Continued(JPM) JPMorgan Chase Sells $2.75 Billion in Notes
According to IFR, a Thomson Reuters service, JPMorgan Chase & Co. (JPM) sold $2.75 billion of notes on Thursday. JPMorgan executed the sale of notes in two tranches of $1.25 billion of five-year notes to yield 110 basis points and $1.5 billion of new 10-year notes priced...
19Mar2010 | vitalstocks | 0 comments | Continued(BP) BP Acquires Devon: Another Feather in This Oil Heavyweight’s Cap
Management at oil giant BP ADR (NYSE: BP) must firmly believe in the old adage “Better late than never.” Because after lusting after the natural resources off shore of Brazil for years, it’s finally joined the party. In BP’s largest deal in seven years, the company...
19Mar2010 | InvestmentU | 0 comments | Continued($MSFT) Ten Years Later – Four Cheap Technology Stocks
Last week, without much fanfare, technology investors marked the 10 year anniversary of the top of the NASDAQ. I know. You don’t want to be reminded. On Mar 10, 2000, as everyone knows, the NASDAQ peaked at 5048, having doubled from the year before. It had a forward P/E...
19Mar2010 | vitalstocks | 0 comments | Continued(CSC) CSC Wins U.S. Department of Defense Deal
After getting named in Fortune Magazine’s ‘World’s Most Admired Companies’ list for 2010, CSC Inc. (CSC) is in the headlines for grabbing a contract from the Department of Defense (DoD), wherein CSC will provide information technology help desk services to the DoD Dependents...
19Mar2010 | vitalstocks | 0 comments | Continued(ISRG) Intuitive Surgical Incorporated – Bull of the Day
Intuitive Surgical’s (ISRG) story is improving. A new product was developed as an upgrade to its da Vinci Surgical System. Furthermore, the company enjoys a virtual monopoly in robotic surgery without direct competition. The company’s razor/razor blade business model...
19Mar2010 | vitalstocks | 0 comments | Continued(HIG) Hartford Financial Services Group Prices Senior Notes
As part of its plan to repay the entire $3.4 billion of bailout money it received from the government for participating in the Troubled Asset Relief Program (TARP) at the height of the credit crisis, Hartford Financial Services Group Inc. (HIG) announced the pricing of its public...
19Mar2010 | vitalstocks | 0 comments | Continued(PALM) Palm’s Results Disappoint on Weak Outlook
We do not see a turnaround at Palm Inc. (PALM) in the near future. The shares fell 14.5% after the market closed yesterday, following the company’s third-quarter of fiscal 2010 earnings announcement. The shares have fallen by more than 50% this year. Although its loss narrowed...
19Mar2010 | vitalstocks | 0 comments | Continued(MDT) Medtronic Analysts Maintain Neutral Rating
We recently reiterated our ‘Neutral’ recommendation for Medtronic, Inc. (MDT) with a target price of $47 based on a P/E of roughly 13.4x our fiscal 2011 EPS estimate of $3.52. Medtronic reported third quarter fiscal 2010 earnings per share of 77 cents, surpassing the Zacks...
19Mar2010 | vitalstocks | 0 comments | Continued(TEVA) Teva Pharmaceutical Industries Wins Race for Ratiopharm
Teva Pharmaceutical Industries Ltd. (TEVA) recently announced its second major acquisition in a span of two years. The company announced its intention to acquire Germany’s second largest generics producer, ratiopharm, for an enterprise value of €3.625 billion or approximately...
19Mar2010 | vitalstocks | 0 comments | Continued(STP) Suntech Power Holdings Company to Power Taiwan Project
Suntech Power Holdings Company Ltd. (STP) has been selected to power Taiwan ‘s largest solar power plant. The company will supply solar panels for the new 4.7MW solar plant in Young’an, Kaohsiung, which will nearly double the island’s current installed solar...
19Mar2010 | vitalstocks | 0 comments | ContinuedBullish sentiment fell in the latest AAII Sentiment Survey as both neutral and bearish sentiment rebounded
Bullish sentiment fell in the latest AAII Sentiment Survey as both neutral and bearish sentiment rebounded. The percentage of investors who expect stocks to rise over the next six months dropped 9.9 percentage points to 35.4%. Though below the historical average, the number...
19Mar2010 | vitalstocks | 0 comments | Continued(CYTX) Cytori Therapeutics Plans Meeting With FDA on Clinical Program for Celution System
Last week, Cytori Therapeutics (CYTX) was notified by the U.S. FDA that they will be required to conduct a clinical program prior to final approval of its Celution System. This was in-line with our expectations. Management plans to meet with the FDA in the next few months to...
18Mar2010 | vitalstocks | 0 comments | Continued(DAI) European Autos Sales to Drop
The European Automobile Manufacturers’ Association has revealed that automakers in the European Union should expect to face slumping sales in 2010 on top of a 17% decline in sales to 15.2 million vehicles in 2009 as the industry has yet to recover from the global economic...
18Mar2010 | vitalstocks | 0 comments | Continued(WCRX) Warner Chilcott – Revenues Nearly Triple
Warner Chilcott plc (WCRX) profits are up sharply after a recent acquisition. Analysts are projecting nice growth and the stock is still trading at a nice value. Company Description Warner Chilcott makes pharmaceuticals for gastroenterology, women’s healthcare, dermatology...
18Mar2010 | vitalstocks | 0 comments | Continued(UTR) Unitrin – Earnings Estimates Are Rising
Unitrin, Inc. (UTR) is expected to generate long-term EPS growth of 20%, while offering a dividend yield of 3.7%. Company Description Unitrin provides property and casualty insurance, life and health insurance, and consumer finance services for individuals, families, and small...
18Mar2010 | vitalstocks | 0 comments | Continued(CNX) CONSOL Energy Buys Part of Dominion Resources’ Business
Coal producer CONSOL Energy Inc. (CNX) agreed to buy the Appalachian exploration and production business of Dominion Resources Inc. (D) for $3.475 billion in cash. This acquisition will substantially increase CONSOL’s natural gas reserves and production capacity – further...
18Mar2010 | vitalstocks | 0 comments | Continued(AES) AES Corporation Sells Stake in China Investment Corporation
AES Corporation (AES) concluded its equity sale with a wholly-owned investment subsidiary of China Investment Corporation (CIC). The deal was first announced on Nov 6, 2009 and raises $1.58 billion in new capital for AES. CIC acquired 125.5 million shares of AES common stock...
18Mar2010 | vitalstocks | 0 comments | Continued(CBI) Chicago Bridge & Iron Wins Peru Project
Chicago Bridge & Iron Co. (CBI) has secured a deal to supply a cryogenic natural gas processing plant in Malvinas, Peru, as part of an expansion of the Camisea gas project. CB&I’s deal, which is valued above US$45 million, is with Pluspetrol Peru Corporation S.A. as...
18Mar2010 | vitalstocks | 0 comments | Continued(PCX) Patriot Coal Corporation Sells Metallurgical Coal to Asia
Coal producer, Patriot Coal Corporation (PCX) is all set to venture into the Asian coal markets with its first sale of $1.5 million tons of metallurgical coal to steel mills in the Pacific Rim. The company said that the coal will be sourced primarily from its Panther and Winchester...
18Mar2010 | vitalstocks | 0 comments | Continued(ARIA) ARIAD Pharmaceuticals Reports In-Line Quarter
ARIAD Pharmaceuticals Inc.’s (ARIA) fourth quarter fiscal 2009 net loss per share came in at 17 cents, identical to the Zacks Consensus Estimate. The year-ago loss was 24 cents. Quarterly Results ARIAD does not have any product in the market. The entire revenue comes from licensing...
18Mar2010 | vitalstocks | 0 comments | Continued(ITW) Illinois Tool Works Offers Bright Operating Outlook
Recently, Illinois Tool Works Inc. (ITW) reported a year-on-year increase of 10% in total operating revenue for the three months ended Feb 28, 2010. Base revenues contributed 2% to revenue growth, and acquisitions and currency translation added 2% and 6%, respectively. The improvement...
18Mar2010 | vitalstocks | 0 comments | Continued(SPWRA) SunPower Corporation to Build Solar Project
SunPower Corporation (SPWRA) announced that it will design and construct a 1-megawatt solar power system at the Yolo County Justice Center in Woodland, California. Yolo County, which will own the system and associated renewable energy credits, is financing the purchase using...
18Mar2010 | vitalstocks | 0 comments | Continued(MLHR) Herman Miller Misses Earnings Expectations
Herman Miller Inc. (MLHR) posted fiscal 2010 third-quarter results on Wednesday. The company reported a net income of $8.3 million, compared to a net loss of $5.2 million in the year-ago quarter. Excluding special items, earnings per share came in at 15 cents, which missed the...
18Mar2010 | vitalstocks | 0 comments | Continued(MEE) Massey Energy Company Acquires Cumberland
Massey Energy Company (MEE) has agreed to purchase Cumberland Resources Corporation and its affiliated companies for $960 million. Cumberland is one of the largest privately held coal producers in the United States, with 2009 revenue of $550 million generated from the production...
18Mar2010 | vitalstocks | 0 comments | Continued(SNI) Scripps Networks Interactive Expanding
Scripps Networks Interactive Inc. (SNI) has undertaken an initiative to explore international markets. Recently, the company entered into an outsourcing deal with London-based Passion Distribution to provide global programming license on behalf of Scripps Networks. Passion Distribution...
18Mar2010 | vitalstocks | 0 comments | Continued(PRAA) Portfolio Recovery Associates Buys 62% Stake in Claims Compensation Bureau
In an attempt to expand into the class action settlement recovery market, Portfolio Recovery Associates, Inc. (PRAA) announced on Monday the acquisition of 62% stake in the Claims Compensation Bureau, LLC (CCB), a company that specializes in recovering funds and processing payments...
18Mar2010 | vitalstocks | 0 comments | Continued(LFL) Lan Airlines S.A. Indicators Are Up
LAN Airlines S.A. (LFL) and its subsidiaries have reported preliminary traffic statistics and punctuality indicators for February 2010. System passenger traffic for February increased 9.6%. International passenger traffic accounted for approximately 69% of total passenger traffic....
18Mar2010 | vitalstocks | 0 comments | Continued(BAC) Bank of America Sued by Pension Fund
On Wednesday, Bank of America Corp. (BAC), also known as BofA, was reportedly sued by the Dutch Pension Fund, ABP, for withholding information to shareholders regarding the quarterly losses of Merrill Lynch when it was being voted for a merger in December 2008. APG Algemene Pensioen...
18Mar2010 | vitalstocks | 0 comments | Continued