Archive for May, 2010
(BAC) Bank of America Nearing Community Lending Goal
According to The Bank of America Corp.’s (BAC) first-year results on Thursday, the bank is ahead of schedule in achieving its target. of its 10-year community development goal to lend and invest $1.5 trillion in underserved communities. BofA provided $168.2 billion in lending...
31May2010 | vitalstocks | 0 comments | Continued(JCP) JCPenney Company Analyst Rates Stock at Outperform
JCPenney Company, Inc. (JCP) is a leading retailer of apparel, footwear, accessories, fashion jewelry, beauty products, and home furnishings. The company’s well diversified supplier base, compelling merchandise, marketing campaigns, technological initiatives as well as effective...
31May2010 | vitalstocks | 0 comments | Continued(SLM) Sallie Mae Analyst Downgrades Stock to Neutral
We are downgrading our recommendation on SLM Corporation (SLM) to Neutral. The company, commonly known as Sallie Mae, reported first quarter core earnings of 39 cents per share, ahead of the Zacks Consensus Estimate of 29 cents, on the back of higher revenues from interest income....
31May2010 | vitalstocks | 0 comments | Continued(AAPL) What is Momentum in Investing?
Are you more likely to buy the 52-week low than the 52-week high? When a stock is up 50%, do you consider it too expensive? Do you shy away from shares that have jumped higher on an earnings surprise? If you answered yes to any of these questions, it’s very possible that...
31May2010 | vitalstocks | 0 comments | Continued(F) Ford Motors Announces Plan to Shed Mercury Brand
Ford Motor Co. (F) has decided to discontinue its 71-year old Mercury old line due to its lagging sales over the last few years. The company’s CEO, Alan Mulally, had expressed his dissatisfaction about the sales performance of the brand soon after he joined in 2006. However,...
31May2010 | vitalstocks | 0 comments | Continued(GR) Goodrich Enters Contract to Supply F-15 Aircraft Parts
Goodrich Corp. (GR) entered into a contract with Al Raha Group to supply a variety of its GRID-LOCK flight control surfaces for retrofit on the Royal Saudi Air Force’s (RSAF) F-15 fighter jet fleet. GRID-LOCK flight controls reduce life cycle costs of the fighters, as it...
30May2010 | vitalstocks | 0 comments | Continued(MDT) Medtronic Announces Positive Data on Aortic Valve Replacement System
Medtronic (MDT) has recently released positive clinical data on its CoreValve transcatheter aortic valve replacement system at the EuroPCR. The results, which were presented from a two-year prospective study, support a wider use on account of its long-term performance and durability. The...
30May2010 | vitalstocks | 0 comments | Continued(MYL) Mylan Earns FDA Approval for Generic Version of Valtrex
Recently, Mylan Inc. (MYL) received approval from the US Food and Drug Administration (FDA) for its generic version of GlaxoSmithKline’s (GSK) Valtrex, a treatment for herpes virus infection. The drug recorded US sales of about $2.15 billion in 2009 for the twelve months ending...
30May2010 | vitalstocks | 0 comments | Continued(VZ) Verizon Wireless Confirms 4G LTE Pricing
Verizon (VZ) has unveiled its pricing strategy for its 4G Long-Term Evolution (LTE) service which is expected to be commercially launched later this year. As expected, Big Red has opted for a tiered (or metered) pricing policy for its LTE data plans. The tiered price structure...
30May2010 | vitalstocks | 0 comments | Continued(GD) General Dynamics Earns Award of $1.2 Billion FAA Contract
General Dynamics (GD) won a ten-year $1.2 billion contact from the Federal Aviation Administration (FAA), aimed at modernizing the US air traffic control system. The company, one of the three selected contractors, will support FAA’s System Engineering 2020 Research and Development/Mission...
30May2010 | vitalstocks | 0 comments | Continued(AIG) AIG Plans to Sell Consumer Finance Unit, American General Finance
In order to attain funds for repaying the government’s bailout amount, on Wednesday, American International Group Inc. (AIG) reportedly publicized its intentions to vend off its consumer finance unit, American General Finance (AGF), according to the Financial Times. However,...
30May2010 | vitalstocks | 0 comments | Continued(RDSA) Royal Dutch Shell Picks Up East Resources
Energy major Royal Dutch Shell Plc. (RDSA) has agreed to acquire natural gas explorer East Resources Inc. for about $4.7 billion in cash. The transaction, which is expected to close following customary regulatory approvals, will allow Shell to substantially expand its exposure...
30May2010 | vitalstocks | 0 comments | Continued(ARMH) ARM Holdings – Are They Stretching Their Limits?
Britain’s ARM Holdings ADR (Nasdaq: ARMH) seems to have its fingers everywhere. The world’s leading semiconductor intellectual property supplier, it operates a unique business model. The company designs and licenses intellectual property. And that sets it apart from the...
30May2010 | InvestmentU | 0 comments | Continued(CHK) EIA Reports U.S. Natural Gas Stocks Grow Further
The federal government’s Energy Information Administration (EIA) reported a bigger-than-expected increase in natural gas supplies, reflecting mild temperatures. Stockpiles held in underground storage in the lower 48 states rose by 104 billion cubic feet (Bcf) for the week ended...
28May2010 | vitalstocks | 0 comments | Continued(CFL) Three Ways to Play the Ultimate in Energy-Efficient Lighting
Stroll down the lighting aisle at your local hardware store a few years ago and you’d have seen an array of incandescent screw-in bulbs and fluorescent tubes. But in December 2007, the U.S. Congress quietly set the wheels in motion for a major change to America’s lighting...
28May2010 | InvestmentU | 0 comments | Continued(F) Ford Motor Recalls 166,000 Vehicles in Brazil
Ford Motor Co. (F) has announced its plan to recall 166,000 vehicles in Brazil in order to fix a problem with their electrical wiring. The recalls included the domestically made subcompact Novo Ka models of 2008–2010. Ford has discovered the faulty wiring to cause short circuits...
28May2010 | vitalstocks | 0 comments | Continued(UAUA) UAL Corporation-Continental Airlines Merger Sparks Layoff Fears
The proposed merger of U.S. air carriers United Airlines, a wholly owned subsidiary of UAL Corp. (UAUA), and Continental Airlines (CAL) triggers concerns of retrenchment, especially in Houston, where Continental is based, and Cleveland, where Continental operates a hub. Since...
28May2010 | vitalstocks | 0 comments | Continued(V) Visa to Form Joint Venture in India
In an attempt to further penetrate into the Indian consumer market, on Wednesday, Visa Inc. (V) announced its partnership with London-based Monitise plc to offer an array of mobile financial services in India through a joint venture (JV) operation. The JV is expected to reach...
28May2010 | vitalstocks | 0 comments | Continued(STJ) St. Jude Medical Initiates Trial For Coronary Disease Treatment
St. Jude Medical Inc. (STJ) has recently decided to initiate FAME trial to evaluate the incremental cost-effectiveness of Fractional Flow Reserve (FFR)-guided treatment for patients with multivessel coronary artery disease in seven countries, the UK, Germany, France, Italy, Switzerland,...
28May2010 | vitalstocks | 0 comments | Continued(LMT) Lockheed Martin Wins $245 Million Kuwaiti Contract
Lockheed Martin Corporation (LMT) received a $245 million contract from the U.S. government for the sale of three KC-130J tanker aircraft to Kuwait Air Force. The contract categorized as foreign military sales by the U.S. government will be managed by the U.S. Navy. Lockheed...
28May2010 | vitalstocks | 0 comments | Continued(GS) Goldman Sachs Plans to Aquite Stake in SKBHC Holdings
Goldman Sachs Group Inc. (GS) plans to acquire 24.9% stake in SKBHC Holdings, a Corona del Mar, California- based investment firm. On the other side, SKBHC is planning to fully acquire Minnesota-based Starbuck Bancshares Inc., the holding company of The First National Bank of...
28May2010 | vitalstocks | 0 comments | Continued(WMT) U.S. Personal Income Up – Spending Flat
This morning’s report on Personal Income and Spending was a classic good news and bad news report. First, the bad news: Personal Spending, or what is known as Personal Consumption Expenditures or PCE, was virtually unchanged (up $4.0 billion, which does not even round to 0.1%)...
28May2010 | vitalstocks | 0 comments | Continued(VLO) U.S. Energy Department Reports Crude Supplies Jump – Fuels Down
The U.S. Energy Department’s weekly inventory release showed a larger-than-expected climb in crude stockpiles. However, on the positive side, gasoline and distillate supplies logged surprise declines. Refinery run-rates were almost flat from the previous week. Crude Oil The...
28May2010 | vitalstocks | 0 comments | Continued(FRO) Frontline Limited – Surprised by 40.6% in the First Quarter
Frontline Limited (FRO) recently tripled its dividend in a surprise move after a difficult 2009 for the shipping sector. Frontline operates one of the largest fleets of oil tankers in the world. Earnings have plunged in the last 18 months as crude prices declined from record...
28May2010 | vitalstocks | 0 comments | Continued(OMX) OfficeMax Incorporated – Growing Cash Position For Stronger Balance Sheet
OfficeMax, Inc. (OMX) continues to trade near its multi-year high after reporting better than expected Q1 results in late April that included a 95% earnings surprise. The solid surprise sent estimates higher, with the next-year estimate now projecting 48% earnings growth. Company...
28May2010 | vitalstocks | 0 comments | Continued(F) Ford Motor Company – Bull of the Day
Ford Motor Company (F) looks forward to widening its market share through its accelerated product transformation plan: “One Ford.” Incorporating key objectives such as shifting focus from trucks to small cars, delivering more vehicles from fewer core platforms and...
28May2010 | vitalstocks | 0 comments | Continued(AOB) American Oriental Bioengineering – Bear of the Day
American Oriental Bioengineering’s (AOB) first quarter earnings per share came in at $0.04, well below both the Zacks Consensus Estimate of $0.07 and $0.10 reported in the year-ago period. Although revenues recorded a 16.7% year-over-year increase to $53.7 million, we remain...
28May2010 | vitalstocks | 0 comments | Continued(AZO) Autozone Gets In The Zone With Financial Tides
Autozone (AZO) is the nation’s leading specialty retailer of automotive parts and accessories, primarily focusing on do-it-yourself customers. Each of the company’s auto parts store carries an extensive product line for cars, vans and light trucks Incorporatedluding...
27May2010 | Shawn | 0 comments | Continued(SAP) SAP and Sybase Merger Means Incredible Opportunities For Mobile Software
Earlier this year, SAP ADR (NYSE: SAP) reported a 28% drop in annual software sales. Needless to say, investors in the company were not pleased. So it let CEO Leo Apotheker go, and welcomed Bill McDermott and Jim Hagemann Snabe on board to share authority in his place. Since...
27May2010 | InvestmentU | 0 comments | Continued(HPQ) Hewlett-Packard Sets The Pace in The Server Market
Everything seems to be going in favor of the largest computer manufacturing company Hewlett-Packard Company (HPQ). As per the recent report published by the technology research firm Gartner, HP generated $3.4 billion in server revenue during the first three months of the current...
27May2010 | vitalstocks | 0 comments | Continued