Archive for April, 2010
(CBE) Cooper Industries and Danaher Enter Joint Venture
Cooper Industries plc (CBE) and Danaher Corporation (DHR) announced the formation of a joint venture combining Cooper’s Tools business with certain tools businesses from Danaher Corporation’s Tools and Components segment. Cooper and Danaher each will own a 50% stake in the...
5Apr2010 | vitalstocks | 0 comments | Continued(AMZN) Amazon Releases Kindle App for the Tablet PC
As promised, Amazon.com’s (AMZN) Kindle app for the tablet PC became available just before the launch of Apple Inc’s (AAPL) iPad. So users could download the app just as easily as Apple’s own e-book software called iBooks. This follows the launch of the Kindle app for Macs...
5Apr2010 | vitalstocks | 0 comments | Continued(JPM) JPMorgan Chase & Co Enters Liquefied Natural Gas Market
Last week, JPMorgan Chase & Co. (JPM) and Cheniere Energy, Inc. (LNG) entered into a multi-year agreement to jointly exploit their expertise in the global liquefied natural gas (LNG) market. The deal provides capacity rights for JPMorgan at Sabine Pass in Louisiana, the largest...
5Apr2010 | vitalstocks | 0 comments | Continued(PSA) Public Storage to Acquire Thirty Self-Storage Facilities
Public Storage (PSA), a real estate investment trust (REIT), has recently announced plans to acquire 30 self-storage facilities spanning across 1.9 million square feet of space for $189 million Incorporatedluding debt assumption of approximately $126 million. About 28 of the...
5Apr2010 | vitalstocks | 0 comments | Continued(BMI) Badger Meter Incorporated – Bear of the Day
We are downgrading our recommendation on Badger Meter Inc. (BMI) to Underperform from Neutral as we anticipate it to perform well below the broader market. Badger Meter’s vulnerability to macroeconomic conditions as well as delayed customer orders is adversely affecting...
5Apr2010 | vitalstocks | 0 comments | Continued(HAS) Hasbro Incorporated – Bull of the Day
We are upgrading our recommendation on Hasbro (HAS) to Outperform. The company’s fourth quarter earnings were well ahead of the Zacks Consensus Estimate, reflecting a better-than-expected growth in revenue. Most of its product lines, especially its movie-based toys, experienced...
5Apr2010 | vitalstocks | 0 comments | Continued(AAPL) iPad Shortcomings Could Hit Apple’s Earnings
Step aside Easter eggs and chocolate bunnies. The Apple (NASDAQ: AAPL) iPad hits the market this weekend. And it’s generating a lot of excitement… perhaps even more so than sugar-coated marshmallows shaped like baby chicks. Some estimates even put pre-orders alone in the...
5Apr2010 | InvestmentU | 0 comments | Continued(ININ) Final Four of March Madness Indianapolis Stocks
Once a year, the final weekend of March Madness (which almost always occurs in April) generates a pilgrimage of college basketball fans to a different designated location. This year, fans, students and alumni from Duke, West Virginia, Michigan State and Butler are already beginning...
5Apr2010 | vitalstocks | 0 comments | Continued(AAN) Aaron’s Incorporated – Passes Financial Tides’ Barchart Screen
I know it’s only Friday but since the market is closed I decided to find the stock for my Monday pick early. I screened for the stocks hitting new highs trading above 100K shares a day, then sorted for frequency to find my pick. Up popped Aaron’s (AAN). Aaron’s,...
5Apr2010 | Shawn | 0 comments | Continued(PPA) How to Screen For The Best of The Best Stocks
Once in awhile on Financial Tides I like to look at the best of the best. Value Line has used this trading strategy for years and it seems to have worked well for them. Their theory is if you pick the most timely stocks in the most timely industries you should do better than...
5Apr2010 | Shawn | 0 comments | Continued(HLF) Herbalife Incorporated – Earnings Estimates Up
Herbalife, Inc. (HLF) recently hit a new 52-week high above $47 after shares jumped above a short-term level of resistance on strong Q4 results from late February and a bullish next-year estimate. Fourth-Quarter Results Shares of HLF rebounded from a key trend line after the...
5Apr2010 | vitalstocks | 0 comments | Continued(TWC) Adding Time Warner Cable to Wall Street Survivor Portfolio
In my Wall Street Survivor portfolio I had to clear some deadwood. GOL Linhaus Aereas Inteligentes SA ( GOL ) and Cytori Therapeutics ( CYTX ) just quit performing the way I wanted them to. Both have dropped below their 20, 50 and even 100 day moving averages, so they have...
5Apr2010 | Shawn | 0 comments | Continued(LII) Lennox International – Fundamentals Are Improving
Lennox International (LII) delivered better-than-expected results for the fourth quarter, and analysts have been raising their estimates for 2010 and 2011. In the last two months, the Zacks Consensus Estimate for 2010 is up 6 cents, or 2.8%, to $2.17, and the 2011 Zacks Consensus...
5Apr2010 | vitalstocks | 0 comments | Continued(BMO) Bank of Montreal – Improving Business in the First Quarter of 2010
Bank of Montreal (BMO) has been hitting new 52-week highs as the global recovery appears to be heating up. I last reviewed BMO in July 2009 just as the recovery was taking hold in the financial sector. Despite a run-up in the stock, the company still has an attractive P/E ratio...
5Apr2010 | vitalstocks | 0 comments | Continued(PAY) VeriFone Aquires Remaining Stake in VeriFone Transportation Systems
VeriFone Holdings, Inc. (PAY) announced the acquisition of the remaining minority interest in VeriFone Transportation Systems (VTS) and aligned all VTS operations within VeriFone’s Integrated Systems organization. Financial terms of the deal were not disclosed. Based in San...
5Apr2010 | vitalstocks | 0 comments | Continued(AAPL) Apple’s iPad Debuts at Retail Stores
Apple Inc. (AAPL) launched its much-hyped Apple tablet computer called the iPad on April 3 in the U.S. Shares of AAPL surged and had hit a near record high, rising further after hours last Thursday to $236.50. Reviews of the iPad were favorable, with some exceptions. Features...
5Apr2010 | vitalstocks | 0 comments | Continued(MDRX) Allscripts-Misys Healthcare Solutions Signs New Customer
Allscripts-Misys Healthcare Solutions, Inc. (MDRX) recently entered an agreement with a new client, Capital Region Orthopaedics. Per the agreement, Capital Region Orthopaedics has selected the Allscripts Electronic Health Record (EHR) and Practice Management solution to automate...
5Apr2010 | vitalstocks | 0 comments | Continued(MAC) The Macerich Company Refinances Property
The Macerich Company (MAC), a leading real estate investment trust (REIT), has recently refinanced South Plains Mall, a 1.2 million square feet shopping mall in Lubbock, Texas. The $105 million refinancing transaction took place with the Royal Bank of Scotland, one of the retail...
5Apr2010 | vitalstocks | 0 comments | Continued(AN) AutoNation Projects Improved First Quarter 2010 Results
AutoNation Inc. (AN) has projected an improvement in results for the first quarter of 2010 due to a gradual recovery in the industry. The automotive retailer expects to earn 29–32 cents per share from continuing operations in the first quarter of 2010. This is an improvement...
2Apr2010 | vitalstocks | 0 comments | Continued(HPQ) Hewlett-Packard Reaches Patent Settlement with Chinese Company
Hewlett-Packard Corporation (HPQ) has declared that it has reached a settlement with Hong Kong-based Print-Rite Holdings Ltd. In accordance with the terms of the settlement, Print-Rite will accept HP’s patent related to HP 02 inkjet cartridges. To give effect to this decision,...
2Apr2010 | vitalstocks | 0 comments | ContinuedAAII Sentiment Survey: Bullish Sentiment Rebounds to a 3-Week High
Bullish sentiment rebounded to a three-week high in the latest AAII Sentiment Survey. The percentage of individual investors expecting stocks to rise over the next six months rose 8.9 percentage points to 41.3%. Neutral sentiment fell 5.4 percentage points to 27.5%. The percentage...
1Apr2010 | vitalstocks | 0 comments | ContinuedIndividual Investors Increased Allocations to Stocks and Bonds inMarch AAII Asset Allocation Survey
Investors allocated 59.1% of their portfolios to individual stocks and stock mutual funds, a 0.7 percentage point increase over February. March was the second consecutive month during which investors shifted more portfolio dollars towards equity-related investments. Nonetheless,...
1Apr2010 | vitalstocks | 0 comments | Continued(CE) Celanese Growth Driven by International Expansions
Celanese Corp. (CE), a leading global chemical company, and Saudi Basic Industries Corporation are planning to construct a polyacetal production facility in Saudi Arabia through its joint venture National Methanol Co. The joint venture produces methanol, which is a key raw material...
1Apr2010 | vitalstocks | 0 comments | Continued(BHI) Baker Hughes and BJ Services Shareholders Approve Merger
Shareholders of Baker Hughes Inc. (BHI) and BJ Services Company (BJS) approved the proposed merger between the two companies. Both the companies declared the news yesterday following their special meetings of shareholders. In August 2009, Baker Hughes agreed to acquire BJ Services...
1Apr2010 | vitalstocks | 0 comments | Continued(ABAX) Abaxis Analyst Maintains Neutral Rating
We recently reiterated our ‘Neutral’ rating on Abaxis, Inc. (ABAX) with a target price of $28, based on a P/E of 34.1x our fiscal 2011 EPS estimate of 82 cents. Abaxis’ results for the third quarter fiscal 2010 were mixed. Earnings per share for the third quarter was 15...
1Apr2010 | vitalstocks | 0 comments | Continued(BRE) BRE Properties Offers Common Shares
BRE Properties (BRE), a leading real estate investment trust (REIT), has recently announced plans to offer 5 million common shares to raise cash and repay debt. The company will also grant the underwriters a 30-day option to purchase an additional 750,000 shares to cover any...
1Apr2010 | vitalstocks | 0 comments | Continued(CNQR) Concur Technologies Announces $250 Million Senior Notes
Concur Technologies Inc (CNQR) announced pricing of $250 million aggregate principal amount of 2.5% convertible senior notes due in 2015. The company also granted a green-shoe option to subscribers up to an additional $37.5 million aggregate principal amount of notes primarily...
1Apr2010 | vitalstocks | 0 comments | Continued(CRK) Comstock Resources Analyst Maintains Neutral
We maintain our Neutral recommendation on Comstock Resources Inc. (CRK) with a target price of $33. Comstock has clearly emerged as a pure-play onshore operator following the divestiture of its offshore Gulf of Mexico assets in 2008, with a resource-play focused production base....
1Apr2010 | vitalstocks | 0 comments | Continued(MBT) Mobile TeleSystems Hit by Hefty Write-offs
Mobile TeleSystems (MBT), Eastern Europe’s largest cellular operator, reported disappointing results for fourth-quarter 2009. The carrier reported a net loss of $26.1 million (or 7 cents per ADS) versus a net profit of $171.2 million in the year-ago quarter. The prior-year...
1Apr2010 | vitalstocks | 0 comments | Continued(ETN) Eaton Corporation Announces Health Reforms Charge
Eaton Corporation (ETN) announced the addition of a $25 million charge to its first quarter results due to the recently passed health care legislation. The charge in the form of a one-time income tax expense relates to the retiree drug coverage subsidy. The new Health Care and...
1Apr2010 | vitalstocks | 0 comments | Continued