Archive for March, 2010
(CHU) China Unicom Preps for Wi-Fi iPhone
China Unicom (CHU), the second largest Chinese wireless carrier, is reportedly planning to launch iPhone with Wi-Fi (wireless broadband) function in mainland China. The carrier is currently working with Apple (AAPL) regarding this advancement. However, no specific timeline for...
8Mar2010 | vitalstocks | 0 comments | Continued(ESV) ENSCO International plc Shows A Mixed Bag of Earnings Revisions
Despite modestly better-than-expected fourth quarter results, earnings estimates of the first two quarters and full-year 2010 for ENSCO International plc (ESV) are on a downtrend. However, for 2011, estimates are on the rise. Fourth Quarter Recap Earnings per share from continuing...
8Mar2010 | vitalstocks | 0 comments | Continued(DJP) Japanese Small-Caps Hold Big Rewards For Contrarian Investors
Mention Japan to any global money manager and he or she will probably react with a frustrated look and a weary sigh. That’s because too many investors have lost fortunes trying to call Japan’s market bottom ever since the Nikkei 225 index began falling from its peak of...
8Mar2010 | InvestmentU | 0 comments | Continued(MFC) Manulife Financial Corporation Expands in China
Manulife Financial Corporation (MFC) is continuously growing its operations in China. Recently, the China Insurance Regulatory Commission (CIRC) has approved Manulife-Sinochem, Manulife’s joint venture company, to operate in Linyi and Yancheng. Manulife-Sinochem is now...
8Mar2010 | vitalstocks | 0 comments | Continued(DISH) DISH Network Shows Signs of Turnaround
Earnings estimates for DISH Network Inc. (DISH) are on the rise following the company’s encouraging financial results for fourth quarter 2009 with significant growth in net subscriber additions. Fourth quarter EPS of 40 cents was above the Zacks Consensus Estimate of 33 cents....
8Mar2010 | vitalstocks | 0 comments | Continued(NOC) Northrop Grumman Wins U.S. Navy Contract
Northrop Grumman Corporation (NOC) was awarded a contract by the U.S. Navy for its Consolidated Afloat Networks and Enterprise Services (CANES) program. The company will streamline and update shipboard network systems to improve interoperability and affordability across the U.S....
8Mar2010 | vitalstocks | 0 comments | Continued(M) Retail Industry Stock Review – March 2010 – Industry Outlook
Better-than-expected holiday-period sales and improving confidence among U.S. consumers appear to be indicative that the worst part of the recession may be over. This observation is borne out by the evidence that consumers have loosened their purse strings amid the high unemployment...
8Mar2010 | vitalstocks | 0 comments | Continued(HRB) H&R Block Incorporated – Bear of the Day
We are downgrading our recommendation on H&R Block (HRB) to Underperform from Neutral. The company has recently announced that it would not be able to meet its previously announced fiscal 2010 guidance as it is preparing fewer tax returns than it had previously expected. The...
8Mar2010 | vitalstocks | 0 comments | Continued(GPS) Gap’s Earnings Estimates Soar
Earnings estimates of Gap Inc. (GPS), a premier international specialty retailer, have increased recently with strong fourth quarter and fiscal 2009 results. The company reported net income of $352 million or 51 cents per share during the quarter, compared to $243 million or...
8Mar2010 | vitalstocks | 0 comments | Continued(FDO) Family Dollar Stores’ Sales Rise
Family Dollar Stores, Inc. (FDO), the operator of self-service retail discount store chains in the United States , recently reported sales results for second-quarter 2010, which ended on Feb 27, 2010. Based in Matthews, North Carolina, Family Dollar said that net sales rose 4.9%...
8Mar2010 | vitalstocks | 0 comments | Continued(HPQ) Hewlett-Packard Restates First Quarter Numbers
The world’s largest computer maker Hewlett-Packard Company (HPQ) recently came out with a revised version of its first quarter 2010 earnings, whereby the company lowered its net profit by $73.0 million, providing for litigation expenses to be paid by its subsidiary, Electronic...
8Mar2010 | vitalstocks | 0 comments | Continued(JPM) JPMorgan Analyst Upgrades Stock to Neutral
Recently, we have upgraded our recommendation on JPMorgan Chase & Co. (JPM) to Neutral from Underperform, given the current market recovery and valued growth indicators. JPMorgan’s fourth quarter earnings of 74 cents per share were well ahead of the Zacks Consensus Estimate...
8Mar2010 | vitalstocks | 0 comments | Continued($PCLN) Priceline.com – Bull of the Day
Priceline.com (PCLN) is one of the leading online travel companies in the world. The company’s fourth quarter results beat the Zacks Consensus Estimates on both the top and bottom lines. Management expects strong double-digit bookings growth in the first quarter, although...
8Mar2010 | vitalstocks | 0 comments | Continued(MOVE) Move Incorporated Reports Wider Loss
Move, Inc. (MOVE) reported revenues of $49.6 million for the fourth quarter of 2009, down 14% year over year. However, revenues came ahead of the management’s guidance driven by media advertising revenue at the end of the year as some media advertisers spent money at the year-end. REALTOR.com...
8Mar2010 | vitalstocks | 0 comments | Continued(TECD) Tech Data Corporation Outperforms Earnings Expectations
Tech Data Corp. (TECD) announced encouraging results for the fourth quarter of fiscal 2010. Net income was $70.1 million compared to $57.0 million in the year-ago quarter. Earnings per share (EPS) were $1.35 compared to $1.14 in the prior-year quarter. Excluding the 10 cents...
8Mar2010 | vitalstocks | 0 comments | Continued(SUN) Sunoco Analysts Downbeat on The Near-Term
Last month, Sunoco Inc. (SUN), the Pennsylvania-based oil refiner and marketer, announced its financial results for the fourth quarter and fiscal year ended Dec. 31, 2009. Disappointing Results For the fourth quarter, Sunoco reported loss per share (excluding special items) of...
8Mar2010 | vitalstocks | 0 comments | Continued(DBRN) Dress Barn Incorporated – Operating Income Spikes Up
Dress Barn, Inc. (DBRN) just hit a new 52-week high on better than expected Q2 results from early March that included an awesome 48% earnings surprise. Second-Quarter Results Sales for the period were up 73% from last year to $594 million. The gain was driven by the company’s...
8Mar2010 | vitalstocks | 0 comments | Continued(JOYG) Joy Global – Beat Expectations by More Than 19% In Five of Five Quarters
Joy Global (JOYG) released stronger-than-expected fourth-quarter 2009 results. The company reported EPS of $0.73 per share, topping the Zacks Consensus Estimate of $0.64. In the last five quarters, Joy Global has beaten consensus estimates by an average of 19.4%. While revenues...
8Mar2010 | vitalstocks | 0 comments | Continued(SKX) SKECHERS USA Incorporated – Consensus Estimates Continue to Soar
SKECHERS USA, Inc. (SKX) reported even better than expected fourth quarter results on Feb 17 after it had already pre-announced on Jan 12 that it would have record sales for the quarter. SKECHERS, which sells footwear for men, women and children, had said that it would see earnings...
8Mar2010 | vitalstocks | 0 comments | Continued(AAPL) Apple Announces Their iPad Soon To Be Released
Apple Inc. (AAPL) announced that its Apple tablet computer called the iPad will be available on April 3 in the U.S. Shares of AAPL surged on the news, rising 3.91% or $8.24 to $218.95. On Friday, AAPL had hit a record high of $219.70 during the day. The iPad is available starting...
8Mar2010 | vitalstocks | 0 comments | Continued(USB) FDIC Figures Show U.S. Bank Failures Reach 26 in 2010
Though the economy is showing signs of a gradual recovery, tumbling home prices, soaring loan defaults and rising unemployment continue to take their toll on small banks. As a result, U.S. regulators on Friday shuttered four more banks in Florida, Illinois, Maryland and Utah....
8Mar2010 | vitalstocks | 0 comments | Continued(OSG) Overseas Shipholding Group Commences Stock Offering
Overseas Shipholding Group, Inc. (OSG) yesterday announced the beginning of the public offering of its 3,500,000 shares underwritten on its common stock. With this move, the company aims to increase its capital and enhance liquidity. At a sale price of $46.99 per share, the public...
8Mar2010 | vitalstocks | 0 comments | Continued(STP) Suntech Power Holdings Company Beats Earnings Estimates
Suntech Power Holdings Company Ltd. (STP) posted strong fourth-quarter earnings of 27 cents, which far exceeded the Zacks Consensus Estimate per American Depository Share (EPADS) of 12 cents. The upbeat trend, however, was not reflected in fiscal 2009 results where the EPADS...
8Mar2010 | vitalstocks | 0 comments | Continued(CA) CA Announces Plan to Acquire 3Tera
CA Inc. (CA), the leading information technology (IT) management software company, recently announced that it has entered into an agreement with a privately-held cloud computing company 3Tera, Inc. The company offers innovative cloud service solutions to private and public clouds,...
8Mar2010 | vitalstocks | 0 comments | Continued(NLTX) Nile Therapeutics Pushing Forward with CD-NP
On March 3, 2010, Nile Therapeutics (NLTX) reported financial results for the fourth quarter and full year 2009. Nile reported no revenues for the fourth quarter or full year 2009. Net loss for the fourth quarter totaled $1.6 million, or $0.06 per diluted share. For the full-year...
8Mar2010 | vitalstocks | 0 comments | Continued(ITT) ITT Corporation Earns U.S. Military Order
ITT Corporation (ITT) has been awarded a contract to provide maintenance, supply and transportation services to the U.S. Army and U.S. Marine Corps on Camp Arifjan and other locations in Southwest Asia. The award is a task order under the Field Installation Readiness Support...
8Mar2010 | vitalstocks | 0 comments | Continued(HCBK) Hudson City Bancorp Seeks to Change Regulators
Hudson City Bancorp (HCBK) announced yesterday its intention to change its regulator to the Office of the Comptroller of the Currency (OCC). Currently the bank is under the regulation of the Office of Thrift Supervision (OTS). The bank is planning to file an application with...
8Mar2010 | vitalstocks | 0 comments | Continued(SLXP) Salix Pharmaceuticals Focuses on Label Expansion
Salix Pharmaceuticals, Ltd. (SLXP) is slated to report fourth quarter as well as fiscal 2009 results on March 9. The current Zacks Consensus Estimate for the fourth quarter of 2009 is a loss of 14 cents. For the full year, the Zacks Consensus Estimate stands at a loss of 89 cents. Salix...
8Mar2010 | vitalstocks | 0 comments | Continued(ANF) February Jobs Report Better than Expected
In February, the unemployment rate held steady at 9.7% as 36,000 jobs were lost. The consensus expectations were for the unemployment rate to climb to 9.8% and for 65,000 jobs to be lost. Given the massive blizzards that blanketed major parts of the country during the survey...
8Mar2010 | vitalstocks | 0 comments | Continued(LGF) Carl Icahn: A Lion at the Gate?
Seventy-four-year-old Carl Icahn has been on the Wall Street scene awhile. Aside from amassing a significant fortune as an “activist investor” over the past several decades by purchasing large shares of publicly traded companies and winning seats on the boards of...
8Mar2010 | vitalstocks | 0 comments | Continued