Archive for April, 2010
(LLY) Eli Lilly Beats The Street Consensus
Eli Lilly (LLY) reported first quarter earnings per share of $1.18, a couple of cents below the year-ago earnings of $1.20, but above the Zacks Consensus Estimate of $1.11. Results included a 12-cent impact due to the US health care reform. Excluding this impact, earnings would...
19Apr2010 | vitalstocks | 0 comments | Continued(ETN) Eaton Corporation Wins Army and Air Force Contracts
Eaton Corporation (ETN) has received two major supply contracts this week from the Army Corps and the U.S. Air Force. Yesterday, the company won a $2.5 million contract from the Army Corps of Engineers to supply electrical products and services to upgrade the Hartwell Dam hydro-electrical...
19Apr2010 | vitalstocks | 0 comments | Continued(JCP) J. C. Penney Company Earns Analyst Neutral Rating
We recently initiated our coverage on J. C. Penney Company, Inc. (JCP) with a Neutral recommendation and a target price of $33.00. The company sells family apparel and footwear, accessories, fine and fashion jewelry, beauty products through Sephora shops (located inside J. C....
19Apr2010 | vitalstocks | 0 comments | Continued(PLD) ProLogis Closes $122 Million in Japanese Financing
ProLogis (PLD), one of the leading global providers of distribution facilities, has recently obtained $122 million (11.5 billion yen) of secured financing to repay its debt. The financing was obtained through two “tokutei mokuteki kaisha” (TMK) bonds, a tax-favored,...
19Apr2010 | vitalstocks | 0 comments | Continued(QCOM) Qualcomm Earnings Preview – Strong Fundamentals
Robust growth of 3G CDMA wireless networks throughout the world continues to benefit Qualcomm Inc. (QCOM). As of now, approximately 85% of total wireless operators throughout the world have upgraded to 3G networks. Qualcomm raised its financial outlook for the second quarter...
19Apr2010 | vitalstocks | 0 comments | Continued(JWN) Nordstrom Expands Further With New Full-Line Store in California
Nordstrom Inc. (JWN), a leading fashion specialty retailer, recently opened a new full-line store spanning 138,000 square feet at Fashion Island, an upscale open-air shopping mall in Newport Beach, California. With the new addition, Nordstrom currently has six full-line stores...
19Apr2010 | vitalstocks | 0 comments | Continued(MAN) Manpower Secures Training Agreement in Serbia
Manpower Inc. (MAN), a global leader in employment services industry, recently entered into an agreement with the Ministry of Youth and Sport, Republic of Serbia, to provide training and employment opportunities to jobseekers, marking its second year of operations in the country. Manpower...
19Apr2010 | vitalstocks | 0 comments | Continued(MON) Monsanto Analysts Downgrade Shares
We downgrade our recommendation on Monsanto Company (MON) from Neutral to Underperform based on its weak results during the two consecutive quarters in fiscal 2010. Moreover, the company’s guidance for the fiscal year 2010 has dropped below fiscal 2009 results. EPS and revenue...
19Apr2010 | vitalstocks | 0 comments | Continued(OMAB) Grupo Aeroportuario del Centro Norte Authorizes Share Buyback
Mexican airline operator Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (OMAB) has authorized up to MXN$400 million for buyback of shares. The company can repurchase Series B shares during the fiscal year 2010 until it reports 2010 results. OMAB also approved a cash dividend...
19Apr2010 | vitalstocks | 0 comments | Continued(HAL) Halliburton Reports Earnings Ahead of Projections
Halliburton Co. (HAL) – one of the largest oilfield service providers in the world – reported better-than-anticipated first-quarter 2010 results, helped by strengthening activity in North America, partly offset by weak demand across Latin America. Earnings per share from...
19Apr2010 | vitalstocks | 0 comments | Continued(ALXN) Alexion Pharmaceuticals Hears Good News for New Drug Application
Recently, Alexion Pharmaceuticals (ALXN) received approval from Japan’s Ministry of Health, Labour and Welfare (MHLW) for its New Drug Application (NDA) of Soliris (eculizumab). The company was seeking approval for Soliris to treat patients with paroxysmal nocturnal hemoglobinuria...
19Apr2010 | vitalstocks | 0 comments | Continued(ATR) Aptargroup First Quarter Earnings Beats the Street
Aptargroup Inc. (ATR) posted first-quarter 2010 results after the closing bell on Thursday. The company recorded a strong 46.3% growth in net income to $39.0 million, or 56 cents per share from $26.7 million, or 38 cents per share in the prior year quarter. Quarterly EPS also...
19Apr2010 | vitalstocks | 0 comments | Continued(CEO) CNOOC Limited Strikes Oil at Bohai Bay
CNOOC Ltd. (CEO) has successfully struck a new discovery in eastern Bohai Bay. The company has produced 540 barrels of oil per day during the testing of the Penglai 9-1 well. The well was drilled to depths of 1505 meters in water. Bohai Bay is becoming the most important drilling...
19Apr2010 | vitalstocks | 0 comments | Continued(PHG) Philips Reports Sales and Earnings Grow
Philips (PHG) reported revenues of €5,677 million ($7,853 million) for the first quarter of 2010, an increase of 12% compared to the corresponding prior-year period. Earnings per share were €0.22 (30 cents). Healthcare sales increased by 7% and were helped by robust performance...
19Apr2010 | vitalstocks | 0 comments | Continued(TM) Toyota Motors Agrees to Pay $16.4 Million Fine
Toyota Motor (TM) will pay a fine of $16.4 million in 30 days to the U.S. government for a deliberate delay in recalling vehicles with sticking accelerator gas pedal defects. Under the federal law, the manufacturers are legally obligated to notify the U.S. safety regulators within...
19Apr2010 | vitalstocks | 0 comments | Continued(OSIP) OSI Pharmaceutical’s Drug Tarceva Gets FDA Approval for Lung Cancer
Recently, OSI Pharmaceuticals (OSIP) received approval from the US Food and Drug Administration (FDA) for its lead product, Tarceva (erlotinib) as a maintenance therapy for patients suffering from non-small-cell lung cancer (NSCLC), whose disease has not worsened after multiple...
19Apr2010 | vitalstocks | 0 comments | Continued(XOM) ExxonMobil Drills Santa Ynez Unit Well Off California
ExxonMobil Corp’s (XOM) technological leadership has resulted in the world’s longest extended-reach well at the Santa Ynez unit, offshore southern California. The company recently completed this well by using Fast Drill technology. This well has been drilled from an existing...
19Apr2010 | vitalstocks | 0 comments | Continued(HMC) Honda Motor Company – Bull of the Day
Honda Motor Company (HMC) is expanding its business in Asia, growing its global network to increase efficiency and introducing new products to satisfy local markets. Furthermore, its capacity expansion across the world inspires optimism about Honda’s future prospects. Despite...
19Apr2010 | vitalstocks | 0 comments | Continued(AMSF) Amerisafe Incorporated – Bear of the Day
Given the critical sustainability factor in the current sluggish economic recovery, we have downgraded Amerisafe Inc. (AMSF) to Underperform. The company’s fourth quarter earnings were substantially lower than the Zacks Consensus Estimate. The downside was primarily a result...
19Apr2010 | vitalstocks | 0 comments | Continued(DV) DeVry Incorporated – Rising Earnings Estimates
DeVry Inc. (DV) shares are soaring on a big upgrade. Analysts continue to raise estimates heading into this week’s earnings report. Company Description DeVry is the parent company for several schools and other educational services including DeVry University, Becker Professional...
19Apr2010 | vitalstocks | 0 comments | Continued(GMCR) Green Mountain Coffee Roasters – Acquisition Efforts Continue
Green Mountain Coffee Roasters (GMCR) shares and estimates are up as the company heads into its next quarterly report on Apr 28. Company Description Green Mountain sells a wide variety of coffee blends commercially and direct to customers in addition to teas, hot cocoa, and Keurig...
19Apr2010 | vitalstocks | 0 comments | Continued(C) Conference Board’s Index of Leading Economic Indicators Points Higher
The economic recovery is poised to not only continue but accelerate, according to the Conference Board’s Index of Leading Economic Indicators. The index is a compendium of ten factors that in the past have had a good history of predicting the direction of the overall economy...
19Apr2010 | vitalstocks | 0 comments | Continued(JST) Jinpan International Limited – 2010 Consensus Estimate Jumped
Jinpan International Limited (JST) reported fourth quarter earnings on Mar 15 and surprised on estimates for the third quarter in a row even as sales declined. Headquartered in China, with U.S. offices in New Jersey, Jinpan manufactures cast resin transformers for high voltage...
19Apr2010 | vitalstocks | 0 comments | Continued(NP) Neenah Paper – Business Is Improving
Neenah Paper (NP) crushed fourth-quarter EPS estimates by 15 cents, or 79%, and management was more optimistic about 2010. Company Description Neenah Paper manufactures and distributes a wide range of premium and specialty paper grades, with well-known brands such as Classic,...
19Apr2010 | vitalstocks | 0 comments | Continued(PBCT) U.S. Regulators Close Eight More Banks on Friday – 2010 Tally Hits Fifty
U.S. regulators on Friday shuttered eight more banks in Florida, California, Massachusetts, Michigan and Washington, pushing up U.S. bank failures to 50 so far in 2010. This compares to a total number of bank failures of 140 in 2009, 25 in 2008 and only 3 in 2007. Although the...
19Apr2010 | vitalstocks | 0 comments | Continued(C) Citigroup’s Earnings Beat Expectations, Turning a Profit
Citigroup Inc. (C) has reported its first quarter earnings from continuing operations of 14 cents per share, well ahead of the Zacks Consensus Estimate of a break-even quarter. This also compares favorably with a loss of 34 cents per share in the prior quarter and -16 cents incurred...
19Apr2010 | vitalstocks | 0 comments | Continued(GS) Goldman Sachs Group – More on the SEC Charges
On Friday, Goldman Sachs Group Inc. (GS) was charged by the Securities and Exchange Commission (SEC) in the U.S. for misstating facts and selling bad quality subprime investments to its customers in 2006, without disclosing the risk factors and the vital role of Paulson &...
19Apr2010 | vitalstocks | 0 comments | Continued(LMT) Lockheed Martin Corporation Gets Contract Extension
Lockheed Martin Corporation (LMT) received a two-year, $424 million contract modification from the Missile Defense Agency. The contract modification will continue work on the Command, Control, Battle Management, and Communications (C2BMC) program. In this extended phase of the...
19Apr2010 | vitalstocks | 0 comments | Continued(TIP) “TIPS” For Protecting Yourself Against Inflation
A recent Communiqué column of mine, in which I recommended Treasury Inflation-Protected Securities (TIPS), outraged a number of readers. Why was it so upsetting? Because – and don’t ask me what they’re smoking – 17% of Americans actually approve of the job Congress...
19Apr2010 | InvestmentU | 0 comments | Continued(MICC) Millicom International Cellular S.A. Buyback and Special Dividend
The Board of Directors of Millicom International Cellular S.A. (MICC) has decided to enhance shareholders’ value through a combination of special dividend and share buyback program. The company will return altogether $800 million through this unique combination. Management...
18Apr2010 | vitalstocks | 0 comments | Continued