Archive for May, 2010
(PCAR) PACCAR First Quarter 2010 Earnings Scorecard
PACCAR Inc. (PCAR) reported its first quarter earnings for 2010 on April 20, 2010, outperforming the Zacks Consensus Estimate by 4 cents per share. The market reacted positively, with share prices rising in the subsequent days. Analysts were optimistic given the company’s impressive...
17May2010 | vitalstocks | 0 comments | Continued(ANF) Abercrombie and Fitch Shows Good Long-term Potential
There was an on-line article several weeks ago, which quite frankly, we thought was a big lot of baloney. The article explained that consumer spending, supposedly 70% of economic activity, had surpassed it’s pre-recession peak. As we said, we think such a statement is big...
17May2010 | Wax | 0 comments | Continued(S) Sprint – 15 of 28 Analysts Raise 2011 Estimates
First Quarter Recap Sprint Nextel (S) reported tepid first quarter results with its net loss increasing 46% year-over-year on account of a one-time tax related non-cash charge of $365 million. Adjusted net loss per share of 17 cents was a penny below the Zacks Consensus Estimate....
17May2010 | vitalstocks | 0 comments | Continued(ANGO) AngioDynamics Analyst Maintains Neutral Rating
We recently reiterated our ‘Neutral’ rating on AngioDynamics Inc. (ANGO) with a target price of $17 based on a P/E of 29.8x our fiscal 2011 EPS estimate of 57 cents. The company’s results for the third quarter fiscal 2010 were mixed. In the third quarter, AngioDynamics...
17May2010 | vitalstocks | 0 comments | Continued(WEN) Wendy’s/Arby’s Beats The Street by a Penny
Wendy’s/Arby’s Group, Inc. (WEN) recently posted first-quarter 2010 results that topped Zacks expectations on the back of the Wendy’s brand, but continues to be hurt by sluggish sales at its Arby’s restaurants, making the recovery difficult for the restaurant...
17May2010 | vitalstocks | 0 comments | Continued(OTTR) April Industrial Production Reports Higher Production, Better Utilization
In April, Industrial Production rose 0.8%, which was in line with consensus expectations. The revisions to previous months’ data was more or less a wash, with growth being revised up in March by 0.1% to 0.2%, and for January it was revised up by 0.2% to 1.2%. That was offset...
17May2010 | vitalstocks | 0 comments | Continued(M) U.S. Department of Commerce Reports Retail Sales Numbers
This morning, the U.S. Department of Commerce reported retail sales for April. The headline number looks pretty solid. Seasonally adjusted retail sales were $366.4 billion, up 0.4% from March and 8.8% from April 2009 (which is against really low comps). Economists were expecting...
17May2010 | vitalstocks | 0 comments | Continued(TEF) Telefonica Net Income Increased 2%
Spanish telecom giant Telefonica (TEF) reported first quarter 2010 results with a net income increasing 2% year over year to €1.66 billion (US$2.3 billion), supported by higher sales as a result of healthy contributions from Latin America and the UK which offset weaknesses...
17May2010 | vitalstocks | 0 comments | Continued(BWS) Brown Shoe – More Positive Earnings Revisions
Brown Shoe Inc. (BWS) is trading much higher since its original feature on Zacks.com. Estimates are also climbing as the company prepares for its next quarterly report, on May 26th. Company Description Brown Shoe has more than 1,100 shoe stores world wide and another 300 specialty...
17May2010 | vitalstocks | 0 comments | Continued(TWGP) Tower Group Incorporated – Bear of the Day
We are downgrading our recommendation on Tower Group (TWGP) to Underperform. Tower Group is embarking on an aggressive geographic expansion plan at a time of intensifying competition and rate softening in the broader property-casualty market. Entering several new markets poses...
17May2010 | vitalstocks | 0 comments | Continued(ZOLL) ZOLL Medical Corporation – Bull of the Day
ZOLL Medical Corporation’s (ZOLL) second quarter fiscal 2010 earnings of $0.17 per share surpassed the Zacks Consensus Estimate by $0.04. The better-than-expected results were driven by the strong showing of its LifeVest business and inclusion of its temperature management...
17May2010 | vitalstocks | 0 comments | Continued(QCOM) Qualcomm Incorporated Earning Scorecard
Qualcomm Inc. (QCOM) continues to provide a weak financial outlook as the company is facing increasing competitive threat resulting in lower ASP (average selling price). This is for the fourth consecutive quarter that Qualcomm provided a tepid guidance with sequential decline...
17May2010 | vitalstocks | 0 comments | Continued(KTOS) Financial Tides Guides on Profits in Medical Software
Time to do a little trimming in my Wall Street Survivor portfolio. I was a little hesitant to trim last week because I realized that last week’s negative market action was hitting everything and performance figures were not representative of any individual stocks worth....
17May2010 | Shawn | 0 comments | Continued(TM) Toyota Motor Corporation Customer Loyalty Slips
Based on a telephone survey of 1,704 U.S. adult vehicle owners in April, Consumer Reports has indicated that 57% of Toyota owners would “most likely” agree to buy another new vehicle from Toyota Motor Corp. (TM). This was down from 70% in a December survey, indicating...
17May2010 | vitalstocks | 0 comments | Continued(WDFC) WD-40 Company – Revenue Increased 30.3%
Wd-40 Company (WDFC) is a well-known consumer products company that should continue to produce steady revenues and profits. Growth and Income Analysts estimate that WD-40 will achieve long-term EPS growth of 11.5%, and its stock has a dividend yield of 2.8%. The Zacks #2 Rank...
17May2010 | vitalstocks | 0 comments | Continued(ETFC) E*Trade Financial Corporation Announces Reverse Split
In the company’s annual general meeting, hosted on Thursday, the board of E*Trade Financial Corp. (ETFC) announced the approval of a reverse split of the outstanding shares of common stock in the ratio of 1-for-10. This is expected to be effective by early June 2010. According...
17May2010 | vitalstocks | 0 comments | Continued(UPL) Ultra Petroleum Announces Record Quarterly Production
Natural gas producer Ultra Petroleum Corp. (UPL) reported in-line first quarter 2010 results, primarily due to increased production combined with stronger commodity prices. Earnings per share, excluding special items, came in at 55 cents, almost at par with the Zacks Consensus...
17May2010 | vitalstocks | 0 comments | Continued(HOGS) Zhongpin Incorporated – Revenue Grows 32.8%
Zhongpin Inc. (HOGS) recently reported first quarter results and grew revenue by 32.8% even as hog and pork prices fell 10%. Zhongpin is a Chinese meat and food processing company specializing in pork and pork products, vegetables and fruits. It operates 3,000 retail outlets...
17May2010 | vitalstocks | 0 comments | Continued(FDO) Family Dollar – Sales Up 5%
Family Dollar Stores (FDO) has beaten the Zacks Consensus Estimate in each of the last four quarters by an average of 4.5%. The Zacks #2 Rank stock trades at 15.5x fiscal 2010 consensus estimates and 13.7x fiscal 2011 consensus estimates. Business Family Dollar Stores, Inc. operates...
17May2010 | vitalstocks | 0 comments | Continued(JPM) U.S. Bank Failures in 2010 Rises to 72
On Friday, four more banks were shuttered by U.S. regulators. The failed banks were based in Georgia, Illinois, Michigan and Missouri. This brings the total number of bank failures to 72 so far in 2010, compared to 140 in 2009, 25 in 2008 and 3 in 2007. Although the economy is...
17May2010 | vitalstocks | 0 comments | Continued(JNJ) Johnson & Johnson First Quarter Earnings Scorecard
Johnson & Johnson (JNJ) reported first quarter results on April 20. The company also provided an outlook for 2010 and the development status of its pipeline. First Quarter Highlights The company reported earnings per share (EPS) of $1.62, which includes an after-tax gain...
14May2010 | vitalstocks | 0 comments | Continued(VZ) Verizon’s First Quarter Earnings Scorecard
First Quarter Flashback US wireless kingpin Verizon (VZ) produced a mixed bag in the first quarter. Adjusted earnings per share of 56 cents came in line with the Zacks Consensus Estimate while net income plummeted 75% year-over-year. Profit was hit by a $962 million one-time...
14May2010 | vitalstocks | 0 comments | Continued(AAPL) HTC Corporation Sues Apple Requesting Import Ban $$
In retaliation to the patent infringement suit filed by Apple Inc. (AAPL) on HTC Corp. some time back, the Taiwanese handset maker HTC filed a counter complaint with the U.S. International Trade Commission, accusing Apple of violating five of its patented technologies related...
14May2010 | vitalstocks | 0 comments | Continued(SAP) SAP AG Announces Plans to Acquire Sybase
SAP AG (SAP) and Sybase Inc. (SY) announced that SAP’s subsidiary, SAP America Inc., has signed an agreement to acquire Sybase Inc.in a transaction that will strengthen the two information technology (IT) leaders. SAP America Inc. will make an all cash tender offer for...
14May2010 | vitalstocks | 0 comments | Continued(M) Macy’s Incorporated – Bull of the Day
Macy’s (M) is taking steps to increase sales, profitability and cash flow, which will put it on the growth trajectory once the economy rebounds. These include integration of operations, consolidation of divisions and customer-centric localization initiatives. To help drive...
14May2010 | vitalstocks | 0 comments | Continued(ISIS) Isis Pharmaceuticals Reports Smaller Loss Than Expected
Isis Pharmaceuticals Inc. (ISIS) reported a net loss of 10 cents per share in the first quarter, well below the Zacks Consensus Estimate of a net loss of 17 cents. However, the reported quarter’s loss was higher than the year-ago period’s net loss of a cent mainly due to...
14May2010 | vitalstocks | 0 comments | Continued(MDRX) Allscripts-Misys Healthcare Solutions Announces New Client
Allscripts-Misys Healthcare Solutions Inc. (MDRX) has recently entered into an agreement with a new client, Community Medical & Dental Care, a federally qualified health center (FQHC). Per the agreement, Community Medical & Dental Care has selected Allscripts’ Health...
14May2010 | vitalstocks | 0 comments | Continued(F) Ford Announces Split to Three-Way China Joint Venture
Ford Motor Co. (F), along with Mazda and China’s Chongqing Changan Automobile Co., has submitted a joint proposal to the Chinese government to split their three-way joint venture (JV), Changan Ford Mazda. As reported by Japan’s Nikkei Business Daily on January 17,...
14May2010 | vitalstocks | 0 comments | ContinuedAAII Sentiment Survey: Bearish Sentiment Jumps
Bearish sentiment jumped significantly in the latest AAII Sentiment Survey, which is not surprising given the recent volatility. However, an equal number of individual investors described themselves as bullish. Bullish sentiment, expectations that stocks will rise over the next...
13May2010 | Shawn | 0 comments | Continued(CX) CEMEX S.A.B de C.V. Reports Losses
CEMEX S.A.B de C.V.’s (CX) first quarter net loss for fiscal year 2010 was 36 cents per share from 8 cents in the first quarter of 2009. However, the Zacks Consensus Estimate was a loss per share of 19 cents. Net loss was $341 million versus a loss of $61 million in the year-ago...
13May2010 | vitalstocks | 0 comments | Continued