Archive for March, 2010
(DT) Deutsche Telekom – ADR- Bear of the Day
We are downgrading Deutsche Telekom (DT), the top telecom carrier in Germany, to Underperform. Reported earnings and revenue for the last quarter missed the Zacks Consensus Estimates. Deutsche Telekom continues to face a weak economy with further declines in Germany’s fixed-line...
9Mar2010 | vitalstocks | 0 comments | Continued(LLY) Eli Lilly Expands European Business In Animal Health Products
Eli Lilly (LLY), through its animal health division, Elanco, has recently acquired the European rights to some of Pfizer’s (PFE) animal health products, consisting of vaccines, parasiticides and feed additives for both companion and production animals. In addition, Lilly will...
9Mar2010 | vitalstocks | 0 comments | Continued(AZN) AstraZeneca Sees Pipeline Setback For Chemotherapy Drug Candidate
AstraZeneca (AZN) has received a pipeline setback with a mid-stage candidate failing to meet the primary endpoint of its study. The company was evaluating the effectiveness of Recentin (cediranib) in a phase II/III study (Horizon III) compared with Roche’s (RHHBY) Avastin (bevacizumab),...
9Mar2010 | vitalstocks | 0 comments | Continued(SGMS) Scientific Games Corporation Announces New CEO
Scientific Games Corporation (SGMS) has announced that Ian Timmis will assume the role of Chief Executive Officer (CEO) of its wholly owned subsidiaries ? Global Draw Ltd. and Games Media ? effective March 8, 2010. Mr. Timmis will report to Steve Frater who will continue in his...
9Mar2010 | vitalstocks | 0 comments | Continued(DPZ) Domino’s Pizza Incorporated – Earnings 20% Better Than Forecasts
Domino’s Pizza, Inc. (DPZ) recently hit a new 52-week high on the company’s better than expected Q4 results that were driven by a hot, new pizza recipe that is creating a buzz on the Street. Company Description Domino’s Pizza, Inc. through its subsidiaries,...
9Mar2010 | vitalstocks | 0 comments | Continued($AMZN) Amazon.com – Bull of the Day
Amazon.com (AMZN) is one of the largest online retailers in the world. The company reported very strong fourth quarter numbers, beating the Zacks Consensus Estimate. Forward guidance for the first quarter was also very strong. The high growth profile of the core business, international...
9Mar2010 | vitalstocks | 0 comments | Continued(VZ) Verizon Wireless Speeds up 4G Long-Term Evolution Broadband
US wireless kingpin Verizon (VZ) has reported that the field testing of its 4G Long-Term Evolution (LTE) wireless broadband network in Boston and Seattle have demonstrated encouraging throughput levels. These two cities are expected to be the initial markets where 4G LTE services...
9Mar2010 | vitalstocks | 0 comments | Continued(RTN) Raytheon Wins U.S. Air Force Contract
Raytheon Company (RTN) has been awarded an $886 million U.S. Air Force contract to develop a new aspect of the Global Positioning System (GPS), namely the Advanced Control Segment (OCX), which will improve the accuracy of information from GPS satellites. Raytheon is also tasked...
9Mar2010 | vitalstocks | 0 comments | Continued(MWW) Monster WorldWide Announces Employment Index Up in February
Monster WorldWide Inc. (MWW) announced that the Monster Employment Index rose by ten points in February, as employers resumed their hiring activity after last month’s seasonal lull. This index observes online job demand on a monthly basis and on a year-over-year basis. The...
8Mar2010 | vitalstocks | 0 comments | Continued(CRTX) Cornerstone Therapeutics’ Earnings Report Tops Consensus
Cornerstone Therapeutics Inc. (CRTX) reported fiscal fourth-quarter earnings of 20 cents per share (excluding special items), which was well above the Zacks Consensus Estimate of a loss of 4 cents. The company had earned 34 cents (excluding special items) in the year-ago quarter....
8Mar2010 | vitalstocks | 0 comments | Continued(CTIC) Cell Therapeutics Gets Good News From the FDA
In a positive development, Cell Therapeutics (CTIC) announced that the US Food and Drug Administration (FDA) has completed its inspection of the company’s manufacturing facility in Italy and found it to be compliant with all the required norms. The facility manufactures Cell...
8Mar2010 | vitalstocks | 0 comments | Continued(VMI) Valmont Industries May Be Downgraded By Standard & Poor’s Ratings Services
Standard & Poor’s Ratings Services has put Valmont Industries Inc. (VMI), the U.S. maker of lighting poles and support structures, on a negative credit review. The news comes after VMI announced that it has agreed to acquire British industrial engineering firm Delta...
8Mar2010 | vitalstocks | 0 comments | Continued(CEO) CNOOC and Total SA Submit Development Plans
China’s CNOOC Ltd (CEO) and France-based Total SA (TOT) have recently submitted their development plans for three Ugandan oil blocks to the Ugandan government. The decision of the government is expected before the end of this month, as per Dow Jones Newswires. More than...
8Mar2010 | vitalstocks | 0 comments | Continued(NYX) NYSE Euonext Analysts Initiate Coverage at Neutral
Recently, we have initiated coverage on NYSE Euronext Inc. (NYX) with a Neutral recommendation. The company’s fourth quarter operating earnings per share of 58 cents came in substantially ahead of the Zacks Consensus Estimate of 48 cents, reflecting an increased momentum in...
8Mar2010 | vitalstocks | 0 comments | Continued(ETF) Why It’s “Mayday” For the Euro And What You Should Do
I’ve often said that it’s not possible to predict stock markets, commodity markets, bond markets or currency markets consistently and accurately. But there is an exception: when both valuations and sentiment reach severe extremes simultaneously. That’s what happened...
8Mar2010 | InvestmentU | 0 comments | Continued(BMY) Bristol-Myers Squibb and Pfizer Announce Blood Thinner
Recently, Bristol-Myers Squibb Co. (BMY) and Pfizer Inc. (PFE) announced that apixaban, a blood thinner being co-developed by the two companies, was found to be more effective than Sanofi-Aventis’ (SNY) Lovenox (enoxaparin) in a late stage randomized, double-blind, multicenter,...
8Mar2010 | vitalstocks | 0 comments | Continued(MRGE) Merge Healthcare Set to Acquire AMICAS
Merge Healthcare Inc. (MRGE) is set to acquire AMICAS, Inc. (AMCS) for $6.05 per share in cash aggregating $248 million. Merge’s bid is well ahead of Thoma Bravo LLC’s bid of $5.35 per share in cash. The acquisition is expected to be completed in the second quarter...
8Mar2010 | vitalstocks | 0 comments | Continued(DT) Deutsche Telekom Analysts Downgrade to Underperform
We are downgrading Deutsche Telekom (DT), the incumbent telecom carrier in Germany , to Underperform in light of the recent lower-than-expected operating results and management’s tepid outlook for 2010. Reported earnings and revenue for fourth quarter 2009 have missed the Zacks...
8Mar2010 | vitalstocks | 0 comments | Continued(LTD) Limited Brands on the Rise
Limited Brands Inc.’s (LTD) sustained focus on cost containment, inventory control, merchandise initiatives and effective capital management has kept it afloat in a difficult consumer environment. The company ended fiscal year 2009 and posted better-than-expected earnings results. The...
8Mar2010 | vitalstocks | 0 comments | Continued(WAG) Walgreen Analysts Give Earnings Preview
Walgreen (WAG) is scheduled to report its second quarter results of fiscal 2010 on March 23, 2010. The Zacks Consensus Estimate for the quarter is pegged at a profit of 72 cents. Going by past trends, Walgreen has surpassed expectations in the last two quarters. The company had...
8Mar2010 | vitalstocks | 0 comments | Continued(GS) Goldman Sachs Group Vends Prysmian Stake
In a bid to contract the size of its private property holdings in Italy, on March 5, Goldman Sachs Group Inc. (GS) sold its remaining 16.8% share in Prysmian SpA, an Italy-based cable maker, through Goldman International. Accordingly, about 31.9 million shares were sold at a...
8Mar2010 | vitalstocks | 0 comments | Continued(A) Agilent Technologies on Road to Recovery
Following stellar results in the fiscal first quarter ended January 2010, Agilent Technologies’ (A) CFO, Adrian Dillon, has left the company. However, despite Dillon’s long stint at Agilent, share prices did not reflect concern due to his departure. This is mainly because...
8Mar2010 | vitalstocks | 0 comments | Continued(RDSA) Royal Dutch Shell PLC & PetroChina Target Arrow
Australian natural gas producer Arrow Energy Ltd. announced that it has received a joint takeover bid from energy majors Royal Dutch Shell PLC (RDSA) and PetroChina Co. Ltd. (PTR). The non-binding, conditional proposal, worth about A$3.3 billion ($3 billion), came from a company...
8Mar2010 | vitalstocks | 0 comments | Continued(BA) Boeing Company Wins $1.6 Billion Turkish Airlines Deal
Boeing Company (BA) has won a $1.6 billion order from Turkish Airlines. The company will supply 20 airplanes of the 737 series. Half of this would be 737-800s and the other half 737-900ER (Extended Range) airplanes. Based in Istanbul, Turkish Airlines currently operates a fleet...
8Mar2010 | vitalstocks | 0 comments | Continued(VMED) Virgin Media To Launch Super-fast Wideband Network
Virgin Media Inc. (VMED), a leading cable MSO in the U.K., is all set to introduce the super-fast EuroDOCSIS 3.0 (Wideband) network offering with a downstream speed of 100 Mbps and an upstream speed of at least 10 Mbps by the end of 2010. The company currently offers EuroDOCSIS...
8Mar2010 | vitalstocks | 0 comments | Continued(VOLC) Volcano Corporation’s Earnings Report Knocks The Cover Off
Volcano Corporation (VOLC) reported EPS of 9 cents in the fourth quarter; well above the Zacks Consensus Estimate for a loss of 3 cents, and the year-ago result of 4 cents. Fourth-quarter revenues increased 44% to $71 million. Including one-time items, the company reported a...
8Mar2010 | vitalstocks | 0 comments | Continued(AIG) American International Group Continues Asset Selling Spree
In an effort to payback the bailout money, American International Group Inc. (AIG) will sell its American Life Insurance Co. (ALICO) unit for about $15.5 billion to MetLife Inc. (MET). MetLife will pay $6.8 billion in cash and approximately $8.7 billion in MetLife equity securities,...
8Mar2010 | vitalstocks | 0 comments | Continued(MDT) Medtronic Analyst Retains Neutral Recommendation
Medtronic, Inc. (MDT) is balanced currently in terms of performance following its strong third quarter fiscal 2010 results. The earnings estimate revision for the company also demonstrated a mixed trend in the past seven days after its results were posted. This satisfies our...
8Mar2010 | vitalstocks | 0 comments | Continued(DD) DuPont to Open New Soybean Seed Production Facility
The world’s second-leading chemical company, DuPont (DD) has recently announced that its subsidiary, Pioneer Hi-Bred, plans to construct a commercial and parent soybean seed production facility in New Madrid County, Missouri. Pioneer is building the $55 million project...
8Mar2010 | vitalstocks | 0 comments | Continued(CA) CA Incorporated Becomes a Leader in IT Management
Leading IT management and software company CA Inc. (CA) has been placed in the “Leaders” quadrant by renowned technology research firm Gartner, in Gartner’s “Magic Quadrant for Application Performance Monitoring” report. The technology research major...
8Mar2010 | vitalstocks | 0 comments | Continued