Archive for March, 2010
(QCOM) Qualcomm Raises 2010 Earnings Outlook
Qualcomm Inc. (QCOM), the largest developer of CDMA-based mobile phone chipset, raised its financial guidance for the second quarter of fiscal 2010, ending March 28. Management announced strong demand for both its licensing business and chipset sales together with a favorable...
29Mar2010 | vitalstocks | 0 comments | Continued(GB) Greatbatch Incorporated – Bear of the Day
Greatbatch (GB) is a leading producer and supplier of batteries, capacitors and components used in implantable medical devices. The company has been acquiring several businesses over the last few years to revive top-line growth, which has been declining over the past few quarters. Total...
29Mar2010 | vitalstocks | 0 comments | Continued(JNY) Jones Apparel Group Incorporated – Consensus Earnings Estimates Rise
Jones Apparel Group Inc. (JNY) is cheaper than when I last reviewed it on Dec 4, 2009. It now trades with a forward P/E of 13.7 compared to 14.9 three months ago. Jones Apparel, which designs and manufactures apparel, footwear and accessories under the brands Nine West, Anne...
29Mar2010 | vitalstocks | 0 comments | Continued(LZB) La-Z-Boy Incorporated – Fourth-Quarter Surprise of 89%
La-Z-Boy, Inc. (LZB) recently hit a new 52-week high above $15 on the company’s better than expected Q4 results from mid February. Fourth-Quarter Surprise of 89% Sales for the period were up 5.7% from last year to $305 million, producing earnings of 17 cents, 89% ahead...
29Mar2010 | vitalstocks | 0 comments | Continued(CLF) Cliffs Natural Resources – Bull of the Day
Cliffs Natural Resources Inc. (CLF) is the largest producer of iron ore pellets in the U.S. Cliffs increasing its international iron ore exposure, recovery in its coal business and longer-term diversification into the chromium business are huge positives for the stock. The company...
29Mar2010 | vitalstocks | 0 comments | Continued(BRLI) Bio-Reference Labs – Analysts React By Raising Estimates
Bio-Reference Labs (BRLI) recently beat earnings estimates once again. Shares are up roughly 10% since being featured as a Zacks Rank Buy in December. Company Description Bio-Reference Laboratories, provides clinical laboratory testing services such as blood and urine analysis...
29Mar2010 | vitalstocks | 0 comments | Continued(SPWRA) SunPower Expands into Europe and Middle East – Acquires SunRay
SunPower Corporation (SPWRA) is focused on gaining a firmer foothold in the rapidly expanding European and the Middle Eastern solar market. With this intent the company acquired leading European solar power plant developer – SunRay Renewable Energy. The total consideration...
29Mar2010 | vitalstocks | 0 comments | Continued(APH) Amphenol – Growth Driven by Mobile Devices
Amphenol’s (APH) EPS estimates have been edging higher in the last week. Analysts estimate that APH will grow its 2010 EPS by 20.2% to $2.22 and 2011 EPS by 15.0% to $2.56. Company Description Amphenol is one of the largest manufacturers of interconnect products in the...
29Mar2010 | vitalstocks | 0 comments | Continued(JPM) U.S. Bank Failures Accelerate in 2010
Although the economy is showing signs of a gradual recovery with large financial institutions stabilizing, 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...
29Mar2010 | vitalstocks | 0 comments | Continued(SPWRA) SunPower Earnings Significantly Beat Consensus
SunPower Corp. (SPWRA) reported fourth-quarter EPS of 47 cents (including 3 cents of accounting investigation expense), better than the Zacks Consensus Estimate of 34 cents. However, on a GAAP basis the company reported a quarterly EPS of 9 cents, compared to 20 cents in the...
27Mar2010 | vitalstocks | 0 comments | Continued(OSIP) OSI Pharmaceuticals Earns Good News on Tarceva
Recently, a European advisory committee recommended the approval of Tarceva (erlotinib) as a maintenance therapy for patients suffering from lung cancer following multiple rounds of chemotherapy. Tarceva is the lead drug of OSI Pharmaceuticals Inc. (OSIP). Tarceva has been co-developed...
27Mar2010 | vitalstocks | 0 comments | Continued(CIEN) Ciena Corporation Acquires Bankrupt Nortel Assets
Ciena Corporation (CIEN) announced that it has completed the acquisition of substantially all of the optical networking and Carrier Ethernet assets of Nortel Networks’ (NT) Metro Ethernet Networks (MEN) business for $773.8 million in cash. Ciena said that the purchase price...
27Mar2010 | vitalstocks | 0 comments | Continued(XL) XL Capital Estimates Catastrophe Losses
Last week, XL Capital (XL) announced estimates for losses from two catastrophes — the earthquake in Chile and the European Windstorm Xynthia, both of which occurred during Feb 2010. The company estimated that pretax losses from Chilean earthquake will range from $140 million...
27Mar2010 | vitalstocks | 0 comments | Continued(ATU) Actuant Corporation’s Second Quarter Beats Expectations
Actuant Corp. (ATU) recently posted fiscal 2010 second-quarter net income of $7.2 million, compared to $3.2 million in the year-ago period. Excluding special items, adjusted earnings per share came in at 19 cents, beating the Zacks Consensus Estimate by 3 cents, or nearly 19%...
27Mar2010 | vitalstocks | 0 comments | Continued(ELP) Companhia Paranaense de Energia is Well Positioned
Recently, Companhia Paranaense de Energia (ELP) posted positive results for the fourth quarter and 2009. During the quarter, COPEL posted a net income of R$180.0 million (US$103.0 million), almost flat to R$179.9 million (US$78.6 million) in the fourth quarter of 2008. EPS amounted...
27Mar2010 | vitalstocks | 0 comments | Continued(ACH) Rio Tinto Signs Agreement with Aluminum Corporation of China
Aluminum Corporation of China or Chinalco (ACH), Chalco’s parent company, has signed an agreement with the iron ore mining giant Rio Tinto Ltd. (RTP) to develop the Simandou iron-ore project in Guinea (Africa). Rio Tinto owns 95% of the Simandou project, with the remaining...
27Mar2010 | vitalstocks | 0 comments | Continued(SIAL) Sigma-Aldrich Group is on a Growth Path
Sigma-Aldrich Group (SIAL) has announced plans to invest $2 million in expanding the production of trimethylgallium (TMG) at its Bromborough, Wirral, UK manufacturing plant. The investment is expected to establish Sigma as a leading global supplier of TMG, which has a growing...
27Mar2010 | vitalstocks | 0 comments | Continued(SUN) Sunoco Analyst Downgrades Stock
We are downgrading Sunoco Inc. (SUN) shares to Underperform from Neutral, reflecting the bearish refining margin outlook. Weak demand for refined products in the global downturn and increased capacity has squeezed margins throughout the industry. Rising crude oil prices have...
27Mar2010 | vitalstocks | 0 comments | Continued(EQIX) Equinix Expands Operations in Fast-Growing Chinese Market
Leading data center solutions provider Equinix Inc. (EQIX) has entered into a strategic partnership agreement with Shanghai Data Solution Co. Ltd. (SDS), a leading China-based systems integrator for network and communications services. Through this strategic partnership Equinix...
27Mar2010 | vitalstocks | 0 comments | Continued(LINE) Linn Energy LLC to Buy Michigan Gas Assets
Independent energy company Linn Energy LLC (LINE) has agreed to pay $330 million to purchase natural gas properties from Houston-based HighMount Exploration & Production LLC. The transaction, which is expected to close by the end of next month, will be part-funded by Linn’s...
27Mar2010 | vitalstocks | 0 comments | Continued(NCR) NCR Appoints New Chief Financial Officer
Leading technology company NCR Corp. (NCR) recently appointed 46 year old Robert Fishman as its Chief Financial Officer, who will be reporting to the Chairman and Chief Executive Officer of NCR, Bill Nuti. The company has selected Mr. Fishman, after an extensive search of internal...
27Mar2010 | vitalstocks | 0 comments | Continued(PLL) Pall Wins National Renewable Energy Laboratory Order
Pall Corporation (PLL) has been awarded an order by the National Renewable Energy Laboratory (“NREL”) to develop critical filtration and separation processes for a U.S. Department of Energy advanced biofuels project. Pall will engineer and exhibit the science and the...
27Mar2010 | vitalstocks | 0 comments | Continued(PERY) Perry Ellis International’s Earnings Report Tops – Outlook In Line
Perry Ellis International Inc. (PERY) swung to a fiscal 2010 fourth-quarter net income of $8.5 million from a net loss of $21.6 million in the prior-year quarter. Excluding special items, adjusted earnings per share came in at 67 cents, which topped the Zacks Consensus Estimate...
27Mar2010 | vitalstocks | 0 comments | Continued(HRS) Harris Corporation Wins Public Safety Communications Deal
Harris Corp. (HRS) received an order from Miami-Dade County, Florida, to upgrade the county’s public safety and public service communications system as part of an overall communications project. The total order size is $100 million. Harris will provide 800 MHz radio communications...
27Mar2010 | vitalstocks | 0 comments | Continued(BWA) BorgWarner Sees Chinese Policies Promoting Robust Growth
BorgWarner Inc. (BWA) expects that it will be able to sustain its 2000?2009 compound annual sales growth of 45% till at least 2014 in China . This was driven by the government’s policy aimed at promoting the automotive sector. In 2009, China’s auto sales surpassed that...
27Mar2010 | vitalstocks | 0 comments | Continued($GS) Goldman Sachs Group Increases Debt Offering
On Mar 19, Reuters reported that Goldman Sachs Group Inc. (GS) has issued additional debt of $750 million in senior notes in order to reopen existing notes in the market. This has increased the size of Goldman’s senior note offering from the previously planned issue of $500...
27Mar2010 | vitalstocks | 0 comments | Continued(TIF) Tiffany & Company’s Earnings Report Misses Consensus
Tiffany & Company (TIF) has posted fourth-quarter 2009 results. The quarterly earnings of $1.09 per share rose 27% from 86 cents delivered in the prior-year quarter on the heels of cost-cutting, effective inventory management and top-line growth. However, the quarterly earnings...
27Mar2010 | vitalstocks | 0 comments | Continued(ESV) Ensco International Sells Jackup Drilling Rigs
In a continuous endeavor to invest in its growing fleet of ultra-deepwater semisubmersibles, Ensco International plc (ESV) has recently sold two jackup drilling rigs for approximately $95 million. The two rigs in question are Ensco 50 and Ensco 51. As of December 31, 2009, the...
27Mar2010 | vitalstocks | 0 comments | Continued(EXC) Exelon Corporation’s PECO Energy Subsidiary Raises Capital Plan
PECO Energy Company, a subsidiary of Exelon Corporation (EXC), announced that it has allocated $500 million for capital investments in 2010 to develop facilities and make other operational improvements, such as creating energy efficiency programs. The increased capex reflects...
27Mar2010 | vitalstocks | 0 comments | Continued(CVO) Cenveo Incorporated – Beats Expectations By Over 50%
Cenveo, Inc (CVO) recently beat Wall Street’s expectations, sending shares to a new 52-week high. Thanks to upward estimate revisions, shares are still a good value. Company Description Cenveo, Inc. manages and distributes print and other products for its customers. The...
27Mar2010 | vitalstocks | 0 comments | Continued