Archive for April, 2010
(ARM) ArvinMeritor Exiting Car Business
ArvinMeritor Inc. (ARM) has revealed that it will sell the remaining part of its Light Vehicle Systems (LVS) business by the end of 2010. The company’s LVS segment includes the Body Systems business, which supplies roof and door systems for passenger cars to original equipment...
15Apr2010 | vitalstocks | 0 comments | Continued(R) Ryder System Earnings Preview
Logistics and transportation solution provider Ryder System Inc. (R) is slated to release its first quarter 2010 results on April 21, before the opening bell. Management expects first quarter 2010 earnings to be in the range of 17–22 cents per share, lower than the 30 cents...
15Apr2010 | vitalstocks | 0 comments | Continued(FCX) U.S. Industrial Production Inches Higher
In March, total Industrial Production rose by 0.1%. While that is a slowdown from recent growth rates, and far below consensus expectations of 0.7% growth, if one looks beyond the headline number, it is actually a fairly positive report. For starters, each of the previous three...
15Apr2010 | vitalstocks | 0 comments | Continued(GOOG) Google Earnings Surprise on Expectations – Stock Falls
Google, Inc. (GOOG) reported solid first quarter 2010 results after the bell, but it appears the market is unimpressed. After an initial 17% drop in after-market trading, GOOG shares have gained back a good portion of that, but remain about 4.6% down after hours. Once again,...
15Apr2010 | vitalstocks | 0 comments | Continued(APA) Apache Corporation Snaps Up Mariner Energy
U.S. energy firm Apache Corp. (APA) has agreed to acquire Texas-based oil and natural gas explorer Mariner Energy Inc. (ME) for about $4 billion in stock, cash and debt. The transaction, which is subject to regulatory and Mariner shareholder approvals, is expected to close in...
15Apr2010 | vitalstocks | 0 comments | Continued(SNTS) Santarus Suffers Negative Patent Infringement Court Ruling
Santarus, Inc. (SNTS) suffered a major setback recently when a US District Court ruled against the company in a patent infringement case. The U.S. District Court for the District of Delaware ruled that five patents covering the company’s flagship product, Zegerid, are invalid. Santarus...
15Apr2010 | vitalstocks | 0 comments | Continued(OCLR) Oclaro Announces 1-for- 5 Reverse Stock Split
Oclaro Inc. (OCLR) announced its board’s approval of a 1-for-5 reverse split of its common stock. The reverse stock split will take place on April 29, 2010. Oclaro’s common stock will begin trading on Nasdaq on a split adjusted basis the following day under the temporary...
15Apr2010 | vitalstocks | 0 comments | Continued(ARW) Arrow Electronics’ Earnings Estimates Have Inched Up Slightly
Estimates have inched up slightly for New York based electronic components and computing products distributor Arrow Electronics (ARW) in the past few days. Last week, Arrow Electronics entered into an agreement to acquire reverse logistics services provider Converge and parts...
15Apr2010 | vitalstocks | 0 comments | Continued(AMSF) Amerisafe Analyst Lowers Coverage to Underperform
Given the critical sustainability factor in the current sluggish economic recovery, we have recently downgraded our recommendation on Amerisafe Inc. (AMSF) to Underperform. Amerisafe’s fourth quarter operating earnings of 32 cents per share came in substantially short of the...
15Apr2010 | vitalstocks | 0 comments | Continued(XTO) XTO Energy Analyst Maintains Neutral Rating
We are maintaining our Neutral recommendation on XTO Energy Inc. (XTO) with a target price of $51. XTO remains well positioned to provide another strong performance on the back of its impressive portfolio of producing assets and industry-leading cost metrics. The company is expected...
15Apr2010 | vitalstocks | 0 comments | Continued(ACN) Accenture Collaborates With Korean Conglomerate Hanwha S&C
Global technology services and management consulting company Accenture Plc. (ACN) recently entered into a collaboration agreement with a Korean conglomerate Hanwha S&C, spanning over a period of eight years. As per the terms of the agreement, Accenture and Hanwha S&C...
15Apr2010 | vitalstocks | 0 comments | Continued(LTD) Limited Brands Announces Expansion Plans, Creating Limited Brands Canada
As a part of its expansion strategy Limited Brands Inc. (LTD), a specialty retailer of women’s intimate and other apparel, beauty and personal care products, recently announced the creation of Limited Brands Canada. Montreal based company, Limited Brands Canada, will oversee...
15Apr2010 | vitalstocks | 0 comments | Continued(SCHW) Charles Schwab Earnings Report Falls Short by a Penny
Charles Schwab Corporation’s (SCHW) first quarter earnings came in at 10 cents per share, a penny short of the Zacks Consensus Estimate of 11 cents. This also compares unfavorably with earnings of 19 cents in the year-ago quarter. The year-over-year decrease in earnings was...
15Apr2010 | vitalstocks | 0 comments | Continued(BJ) BJ’s Wholesale Club Reports That Sales Rise
BJ’s Wholesale Club, Inc. (BJ), a leading warehouse club operator in the United States , recently posted strong sales results for the five-week period ended April 3, 2010 driven by the shift in Easter holidays and better weather. The sales for March jumped 15.7% to $1,006.7...
15Apr2010 | vitalstocks | 0 comments | Continued(CHU) China Unicom Eyes Taiwan to Boost 3G Wireless Deployments
Second-largest Chinese carrier China Unicom (CHU) appears to follow in the footsteps of its larger peer China Mobile (CHL) as the company is seeking the support of Taiwanese partners to boost its 3G business. China Mobile recently forged a deal with Taiwanese carrier Far EasTone...
15Apr2010 | vitalstocks | 0 comments | Continued(THRX) Theravance Begins Phase II Mid-stage Trial
Theravance (THRX) began a phase II “proof of concept” clinical trial for one of its pipeline candidates, TD-1211. The drug, an orally-administered peripherally selective mu opioid receptor antagonist (PUMA), is being studied to evaluate its effectiveness, tolerability...
15Apr2010 | vitalstocks | 0 comments | ContinuedBullish Sentiment Jumps to 48.5% – Highest Since Last December – AAII Sentiment Survey
Bullish sentiment jumped 5.6 percentage points to 48.5%. This is the highest that bullish sentiment, expectations that the markets will rise over the next six months, has been since December 31. Bullish sentiment has risen by a cumulative 16 percentage points during the past...
15Apr2010 | Shawn | 0 comments | Continued(BAC) U.S. Initial Jobless Claims Rise Again
Initial claims for unemployment insurance rose sharply for the second straight week, rising 24,000 to 484,000. Just two weeks ago they were at 442,000. The four-week moving average, which is generally considered a better measure given the week-to-week volatility in the numbers,...
15Apr2010 | vitalstocks | 0 comments | Continued(VOD) Indian 3G WCDMA Spectrum Auction Bids Reach $1 Billion
India’s 3G WCDMA spectrum (radio airwave) auction is gaining momentum as the bidding price reportedly climbed to INR45.8 billion (US$1.03 billion) on the fourth day of the auction. This is roughly 31% above the floor price set by India’s Department of Telecommunications (DoT)...
15Apr2010 | vitalstocks | 0 comments | Continued(AAPL) Apple Delays International Shipments – iPads in Short Supply
Apple Inc. (AAPL) has decided to postpone the launch of its iPad in international markets to the end of May 2010 (initially expected to be launched by the end of April). The company cited strong U.S. demand, which exceeded supply, as the reason for the postponement. The company...
15Apr2010 | vitalstocks | 0 comments | Continued(CECO) Career Education Corporation – PEG Ratio Comes in at 1.0 – Fairly-Priced Growth
Career Education Corp (CECO) continues to please investors by topping expectations and setting new highs. With rising estimates flowing in, shares of CECO are maintaining solid valuations. Company Description Career Education has more than 116,000 students enrolled at its 90...
15Apr2010 | vitalstocks | 0 comments | Continued(TSP) Telecomunicacoes de Sao Paulo S.A. – Bear of the Day
We downgrade our recommendation for Telecomunicacoes de Sao Paulo S.A. (TSP) to Underperform based on the company’s lackluster operating results in the last quarter. Telesp remains significantly challenged by the sustained erosion in its core wireline voice business due...
15Apr2010 | vitalstocks | 0 comments | Continued(CATO) Cato Corporation – March Sales Soar 26%
Cato Corporation (CATO) is one of those value retailers which is seeing strong sales as consumers return to the shopping mall. Cato has attractive valuations, especially for a retailer, many of which have seen their stocks soar since last March’s bottom. It is trading at...
15Apr2010 | vitalstocks | 0 comments | Continued(CECO) Career Education Corporation – Earnings Estimates Trending Higher
Career Education Corp (CECO) continues to please investors by topping expectations and setting new highs. With rising estimates flowing in, shares of CECO are maintaining solid valuations. Company Description Career Education has more than 116,000 students enrolled at its 90...
15Apr2010 | vitalstocks | 0 comments | Continued(TM) Toyota Motor Halts Lexus GX 460 Sales
Toyota Motor (TM) has suspended sales of its SUV – 2010 Lexus GX 460 – after Consumer Reports magazine revealed that the car bears risks of overturning. The magazine found that the stability control of GX 460 takes too long to respond when the driver approaches a turn unusually...
15Apr2010 | vitalstocks | 0 comments | Continued(ACGY) Acergy S.A. Earnings Beat Forecasts – Revenues Increased 14.5%
London-based oilfield contractor Acergy S.A. (ACGY) reported better-than-expected first-quarter (ending Feb 28, 2010) results on the back of solid margins, strong operational performance, and good project execution skills. Solid activity levels in West Africa. Good contribution...
15Apr2010 | vitalstocks | 0 comments | Continued(AVT) Avnet Incorporated – Bull of the Day
Avnet, Inc. (AVT) is one of the world’s largest distributors of electronic components and computer products. The company continues to expand business in Asia, which is associated with lower ASPs and also lower costs. While other factors may help margin expansion, a larger...
15Apr2010 | vitalstocks | 0 comments | Continued(KWR) Quaker Chemical Corporation – Well Positioned for Future Growth
Quaker Chemical Corp. (KWR) recently hit a new 52-week high at $29.88 as the company’s business continues to rebound from a challenging 2009. Company Description Quaker Chemical Corp. develops, produces and markets formulated chemical specialty products for various heavy...
15Apr2010 | vitalstocks | 0 comments | Continued(BKE) The Buckle – Continues to Open New Stores
The Buckle (BKE) fits the bill for investors looking for a stock that offers both long-term growth potential and current income. This Zacks #2 Rank stock is expected to grow its earnings per share at 12.0% per year for the next three to five years. It also has a current dividend...
15Apr2010 | vitalstocks | 0 comments | Continued(LLTC) Linear Technology Reports Strong Third Quarter Earnings
Linear Technology’s (LLTC) third quarter earnings beat the Zacks Consensus by 7 cents. Revenue beat by 11.6%. We also expect the entire peer group Incorporatedluding Maxim Integrated Products (MXIM), Intersil Corporation (ISIL) and Semtech (SMTC) to report above expectations. The...
15Apr2010 | vitalstocks | 0 comments | Continued