Archive for April, 2010
(GS) Tuesday April 20, 2010 Market Commentary by Gregory Spear
Selection of commentary sent to Pro Edition subscribers before the open Decent Bounce On Monday the market successfully tested Friday’s low and the Dow then rallied to close up 73 points and well above the 11K mark (11,092). Our target remains 11,250, with a possible overshoot...
20Apr2010 | vitalstocks | 0 comments | Continued(PKI) PerkinElmer Signs to Aquire Signature Genomic Laboratories
PerkinElmer Inc. (PKI) announced recently that it has agreed to acquire Signature Genomic Laboratories LLC, a diagnostic genetic testing company. The transaction is expected to close in May 2010. As per the filing with the US Securities and Exchange Commission (SEC), PerkinElmer...
20Apr2010 | vitalstocks | 0 comments | Continued(GS) Goldman Sachs – How to Play the Banking Sector’s Latest Black Mark
Down with Goldman Sachs (NYSE: GS), right? After news broke late last week that the SEC has filed civil fraud charges against the investment bank, many onlookers have called for fury to be unleashed against Goldman and, in turn, its fellow banking behemoths. But those calling...
20Apr2010 | InvestmentU | 0 comments | Continued($GS) Goldman Sachs Group Reports Far Ahead of The Street’s Estimates
Goldman Sachs Group Inc.’s (GS) first quarter 2010 earnings per share of $5.59 were significantly ahead of the Zacks Consensus Estimate of $3.98. Results reflected strong performance in investment banking and trading and principal investments, which were partially offset by...
20Apr2010 | vitalstocks | 0 comments | Continued(ZION) Zions Bancorp Trims Loss – Earnings Surpass Estimates
On Monday, Zions Bancorp (ZION) reported first quarter 2010 net loss of $86.5 million or 57 cents per share, compared to a net loss of $176.5 million or $1.26 in the prior quarter and a net income of $852.3 million or $7.47 in the prior-year quarter. The reported quarter included...
20Apr2010 | vitalstocks | 0 comments | Continued(GOOG) Google Bias to Free Expression?
Amid considerable speculation regarding the stealing of its user authentication software codes, which culminated in the withdrawal of Google.cn, Google Inc. (GOOG) reiterated its allegiance to free expression in an Official Google blog. The company stated that in deciding against...
20Apr2010 | vitalstocks | 0 comments | Continued(ATHR) Atheros Communications Reports Earnings Beat
Atheros Communications, Inc. (ATHR) reported revenues of $214.7 million in the first quarter of 2010, up 16% sequentially and more than double of $87.9 million in the year-ago quarter. California-based Atheros Communications is a leader in the designing of chipsets used in WLAN...
20Apr2010 | vitalstocks | 0 comments | Continued(SNPS) Synopsys Incorporated – Bear of the Day
Synopsys (SNPS) delivered mediocre first quarter results, with below-par operating performance. The 2010 guidance does not reflect any substantial growth. Although Synopsys is gaining traction from new products, acquisitions and new EDA partnerships, we believe these will take...
20Apr2010 | vitalstocks | 0 comments | Continued(BRCM) Broadcom Corporation – Bull of the Day
The basic underlying theme to watch at Broadcom (BRCM) continues to be the progress with the launch of new, more highly integrated products at more advanced progress geometries. Order patterns have normalized after a dismal 2009 which saw inventory corrections by most OEMs. The...
20Apr2010 | vitalstocks | 0 comments | Continued(CKP) Checkpoint Systems – Earnings Easily Topped Expectations
Checkpoint Systems (CKP) is heading into its next earnings announcement with bullish estimate revisions. Currently, shares are range bound, but the upcoming news could send the stock higher. Company Description Checkpoint Systems provides retailers and their suppliers with merchandising...
20Apr2010 | vitalstocks | 0 comments | Continued(XRTX) Xyratex Limited – Consensus Estimates Soaring – Bullish Outlook for the Second Quarter
Xyratex Limited (XRTX) is a cheap tech stock. Plain and simple. It is trading at just 5x forward earnings. It is also a Zacks #1 Rank (strong buy) stock. What’s not to like? Strong Customer Demand Boosted the Fiscal First Quarter Xyratex is in a hot area of technology:...
20Apr2010 | vitalstocks | 0 comments | Continued(LFT) Longtop Financial Technologies Limited – Lots of Cash, No Debt
Longtop Financial Technologies Ltd. (LFT) recently rebounded from a key trend line to move back within range of its all-time high at $41.77, helped by the company’s blowout Q3 results from early February and rising estimates. Company Description Longtop Financial Technologies...
20Apr2010 | vitalstocks | 0 comments | Continued(PX) Praxair – Earnings Estimates Inching Higher
Praxair (PX) has a Zacks #2 Rank. Its stock trades at 18.6x 2010 consensus EPS estimates and 16.5x 2011 consensus EPS estimates. Growth and Income Analysts estimate that Praxair will grow its earnings per share 15.8% in 2010 and 12.6% in 2011. The stock also offers investors...
20Apr2010 | vitalstocks | 0 comments | Continued(LLL) L-3 Communications Holdings Awarded Air Force Contract
L-3 Communications Holdings Inc. (LLL) has been awarded a five-year contract worth $152 million to provide information technology and cyber operations support to the U.S. Air Forces Central Command (USAFCENT). This firm-fixed-price, time and materials contract with a period of...
20Apr2010 | vitalstocks | 0 comments | Continued(IBM) IBM Shares Fall as Earnings Report Beats Expectations
International Business Machines Corp. (IBM) reported first-quarter 2010 earnings after the bell that surpassed the Zacks Consensus Estimates. The company also lifted its earnings forecast for fiscal 2010, the third time in a row. The market seemed quite positive ahead of IBM...
20Apr2010 | vitalstocks | 0 comments | Continued(INTC) Computer Server Industry Recession Looks Over
Intel (Nasdaq: INTC) recently delivered 18,000 of its new Xeon 7500 8-core chips to France’s atomic energy commission. If 18,000 doesn’t sound impressive enough, consider that each unit sells for $2,500. And also keep in mind that the shipment represents the mere tip...
20Apr2010 | InvestmentU | 0 comments | Continued(PBCT) People’s United Financial Buys Massachusetts’ Butler Bank
In an attempt to expand its presence in greater Boston market, on Friday, People’s United Financial Inc. (PBCT) announced the purchase of the deposits and banking operations of the Massachusetts-based Butler Bank from Federal Deposit Insurance Corporation (FDIC). According...
19Apr2010 | vitalstocks | 0 comments | Continued(CTXS) Citrix Systems First Quarter 2010 Earning Preview
Citrix Systems Inc. (CTXS), a leading provider of virtualization, networking and cloud computing solutions, will declare its first quarter 2010 financial results on April 21 after the market closes. The virtualization market is still reeling under the recession. The broader virtualization...
19Apr2010 | vitalstocks | 0 comments | Continued(TMO) Thermo Fisher Scientific Announces Aquisition of Proxeon
Thermo Fisher Scientific Inc. (TMO) announced that it has acquired Proxeon A/S, an innovative supplier of products for proteomics analysis. Financial terms of the transaction have not been disclosed. Thermo Fisher plans to integrate Proxeon into its Analytical Technologies Segment....
19Apr2010 | vitalstocks | 0 comments | Continued(AES) AES Corporation Plans to Redeem $4 Million in Notes
AES Corporation (AES) announced that it intends to redeem $4 million of its outstanding senior secured notes. The notes, which have a coupon rate of 8.75%, are due in 2013. The notes will be redeemed on a pro rata basis on May 15, 2010 at a redemption price equal to 101.458%...
19Apr2010 | vitalstocks | 0 comments | Continued(GTF) Cytomedix Analyst Awards Outperform Rating
We are initiating coverage of Cytomedix (GTF) with an ‘Outperform’ rating and near-term price target of $1.50 per share. At this price, we do not believe the market has come to grips with the transformation underway at Cytomedix, thanks to the recent acquisition of the Angel...
19Apr2010 | vitalstocks | 0 comments | Continued(HAS) Hasbro Beats Earnings Expectations on Strong Sales
Hasbro Inc. (HAS) reported first quarter earnings of 40 cents per share. Excluding a favorable tax adjustment, the company reported earnings of 26 cents per share. The results were well ahead of the Zacks Consensus Estimate of 16 cents a share. Hasbro had earned 14 cents per...
19Apr2010 | vitalstocks | 0 comments | Continued(DAI) Renault and Mahindra End Joint Venture
French carmaker Renault and India’s utility vehicle maker Mahindra & Mahindra have ended their equity joint venture (JV) in the latter’s home country to make sedans for the domestic market. So far, the JV has launched only one vehicle, Logan, a mid-sized sedan. Logan...
19Apr2010 | vitalstocks | 0 comments | Continued(ACN) Accenture Wins Global Outsourcing Deal With Electrolux
After entering into a technical collaboration with Korean conglomerate Hanwha S&C, technology and management consulting company Accenture Plc (ACN) recently entered into a global multi-year outsourcing agreement with Electrolux IT Solutions AB. The tech giant will be shouldering...
19Apr2010 | vitalstocks | 0 comments | Continued(MTB) M&T Bank Earnings Soundly Beat Estimates on Margin Expansion
M&T Bank’s (MTB) first quarter earnings of $1.23 per share left behind the Zacks Consensus Estimate of 97 cents per share. Earnings more than doubled from 59 cents per share earned in the prior-year quarter, aided by an expansion in net interest margin coupled with lower...
19Apr2010 | vitalstocks | 0 comments | Continued(IBM) IBM Reports Solid First Quarter Earnings
IBM Corp. (IBM) has reported solid first quarter 2010 earnings results after the bell Monday. Its $1.97 per share on net revenues reaching $2.6 billion posted year-over-year gains of 16% and 13%, respectively. The results topped the Zacks Consensus EPS Estimate by 3 cents per...
19Apr2010 | vitalstocks | 0 comments | Continued(PNY) Piedmont Natural Gas to Supply Natural Gas to Sutton Power Facility
Piedmont Natural Gas (PNY) and Progress Energy Carolinas, a subsidiary of Progress Energy Inc. (PGN), signed an agreement wherein Piedmont will supply natural gas to PGN’s power generation facility to be built at its existing Sutton site near Wilmington, North Carolina. Piedmont...
19Apr2010 | vitalstocks | 0 comments | Continued(BSX) Boston Scientific Earns FDA Approval on Two Manufacturing Changes
Boston Scientific Corporation (BSX) recently received the U.S. Food and Drug Administration (FDA) clearance for two manufacturing changes to its cardiac resynchronization therapy defibrillators (CRT-Ds) and implantable cardioverter defibrillators (ICDs). The company will immediately...
19Apr2010 | vitalstocks | 0 comments | Continued(VZ) Verizon First Quarter 2010 Earnings Preview
US wireless kingpin Verizon (VZ) is slated to report first-quarter 2010 results on Thursday, April 22, 2010, ahead of the opening bell. The carrier has not released any financial forecast for the quarter. The current Zacks Consensus Estimate for the first-quarter is 56 cents,...
19Apr2010 | vitalstocks | 0 comments | Continued(CLB) Core Laboratories N.V. Raises Profit Guidance
Oilfield services provider Core Laboratories N.V. (CLB) announced an updated guidance for the first quarter of 2010. The company now expects to earn $1.35 – $1.38 per share during the three-month period ended Mar 31. Core Labs previously targeted a range of $1.20 to $1.25. The...
19Apr2010 | vitalstocks | 0 comments | Continued