Archive for May, 2010
(SMA) Symmetry Medical Analyst Remains at Neutral Rating
We recently reiterated our ‘Neutral’ rating on Symmetry Medical Inc. (SMA) with a target price of $12 based on a P/E of 25.5x our fiscal 2010 earnings per share (EPS) estimate of 47 cents. The company’s results for the first quarter 2010 were mixed. Symmetry reported first...
13May2010 | vitalstocks | 0 comments | Continued(PAA) Plains All American Pipeline L.P. Beats The Street
Plains All American Pipeline L.P. (PAA) reported adjusted earnings of 77 cents per unit, beating the Zacks Consensus Estimate of 73 cents and in line with the company’s guidance. However, results in the quarter were below last year’s earnings of $1.02 per share. Plains All...
13May2010 | vitalstocks | 0 comments | Continued(TRV) The Travelers Companies Earnings Scorecard
The Travelers Companies Inc. (TRV) reported first quarter earnings 2010 on April 23, which missed the Zacks Consensus Estimate by 14 cents. The miss primarily stemmed from significant catastrophe losses in the reported quarter. Investors were somewhat discouraged and the shares...
13May2010 | vitalstocks | 0 comments | Continued(AMP) Ameriprise Financial Buys Back $1.5 Billion in Stock
In an attempt to return value to its shareholders, on Tuesday, the board of Ameriprise Financial Inc. (AMP) announced the authorization for a stock buyback program of its common shares worth approximately $1.5 billion. This stock repurchase is expected to be valid till the company’s...
13May2010 | vitalstocks | 0 comments | Continued(M) Macy’s – Earnings Also Came in Strong
Macy’s, Inc. (M) is approaching its multi-year high at $25.25 after reporting solid Q1 results on May 12 that included a 66% earnings surprise. Estimates are on the rise and the valuation picture is in check, creating a nice opportunity to capture growth and value. Company...
13May2010 | vitalstocks | 0 comments | Continued(DDS) Dillard’s Incorporated – Bull of the Day
Dillard’s (DDS) is large departmental store chain, featuring fashion apparel and home furnishings. Management is undertaking restructuring initiatives and inventory reduction efforts to save costs and boost profitability, which augur well for future operating performance. Moreover,...
13May2010 | vitalstocks | 0 comments | Continued(GENZ) Genzyme Corporation – Bear of the Day
Genzyme (GENZ) has been under a lot of pressure over the past few quarters following the temporary shutdown of its Allston manufacturing facility due to contamination problems. While we are pleased to see that Genzyme is taking steps to emerge from the impact of the temporary...
13May2010 | vitalstocks | 0 comments | Continued(WFMI) Whole Foods Market Beats The Street – Stays Bullish
Whole Foods Market Inc. (WFMI), one of the leading natural and organic foods supermarkets, recently posted better-than-expected second-quarter 2010 results on the back of strong sales, sending the stock up 6.5% or $2.60 to $42.85 per share in after-market trading on Wednesday....
13May2010 | vitalstocks | 0 comments | Continued(STJ) St. Jude Medical Receives FDA Approval for Unify Defibrillator
St. Jude Medical Inc. (STJ) recently received the U.S. Food and Drug Administration (FDA) approval for its Unify cardiac resynchronization therapy defibrillator (CRT-D) and Fortify implantable cardioverter defibrillator (ICD). These devices have already received the European...
13May2010 | vitalstocks | 0 comments | Continued(SNTS) Santarus’ Quarterly Earnings Report Strongly Beats Expectations
Santarus, Inc. (SNTS) reported first-quarter earnings of 5 cents per share, well above the Zacks Consensus Estimate of a loss of one cent and the year-ago earnings of 2 cents. Total revenues, consisting of net product sales, promotion revenues and license and royalty revenues...
13May2010 | vitalstocks | 0 comments | Continued(DPS) Dr. Pepper Snapple Group Gets a Like From Financial Tides
Financial Tides likes DR PEPPER SNAPPLE Group (DPS) one of the largest beverage companies in the Americas. They manufacture, market and distribute more than 50 brands of carbonated soft drinks, juices, ready to drink teas, mixers and other premium beverages across the United...
13May2010 | Shawn | 0 comments | Continued(BAC) Initial Claims for Unemployment Insurance Fell (Sort Of)
Initial Claims for Unemployment Insurance fell 4,000 in the last week to 444,000. However, last week’s numbers were revised up by 4,000, so in many respects they were unchanged. The four-week moving average declined by 9,000 to 450,500. There is a fair amount of volatility...
13May2010 | vitalstocks | 0 comments | Continued(BK) The Bank of New York Mellon Corporation Earnings Estimate Scorecard
The Bank of New York Mellon Corporation’s (BK) reported its first-quarter 2010 results on April 20. Earnings from continuing operations for the reported quarter came in slightly below the Zacks Consensus Estimate. Investors were clearly indifferent to these results. As a result,...
13May2010 | vitalstocks | 0 comments | Continued(DXCM) DexCom Quarterly Loss Higher Than Expected
DexCom, Inc. (DXCM) reported a loss of 27 cents per share in the first quarter, 3 cents above the Zacks Consensus Estimate of a loss of 24 cents but well below the year-ago loss of 33 cents. Revenues came in at $9.5 million, up 83% from the $5.2 million reported in the year-ago...
13May2010 | vitalstocks | 0 comments | Continued(NMR) Turning Calamity Into Opportunity – Crisis-Induced Profits
Crisis is bad. (Just ask Lehman Brothers.) Crisis is good. (Just ask Nomura Holdings.) So which assertion is correct? Both of them. Borne out of the financial crisis, one – Lehman Brothers (OTC: LEHMQ.PK) – sits in Chapter 11 as the biggest bankruptcy case in history...
13May2010 | InvestmentU | 0 comments | Continued(CSCO) Cisco System’s Earnings Beat Expectations – Stock Slides
Cisco Systems’ (CSCO) third quarter 2010 earnings beat the Zacks Consensus estimate by 6 cents, or 17.6%. Revenue was more or less in line, exceeding by 1.4%. Estimate revisions were minimal over the last 30 days. Only 2 of the 35 analysts covering the stock made upward revisions,...
13May2010 | vitalstocks | 0 comments | Continued(LNC) Lincoln National Corporation Plans to Repay TARP
Lincoln National Corp. (LNC) is gearing up to repay the bailout money. Dennis Glass, the company’s President and CEO, said at an investor presentation yesterday that this acceleration follows a successful alignment with internal guidelines. Lincoln issued $950 million of preferred...
13May2010 | vitalstocks | 0 comments | Continued(GNW) Genworth Financial’s Earnings Report Misses by Four Cents
Genworth Financial Inc. (GNW) reported first quarter 2010 earnings of 23 cents on April 29, missing the Zacks Consensus Estimate by 4 cents. Investors were clearly discouraged and the shares moved down following the earnings release. Wall Street had sufficient time to absorb...
12May2010 | vitalstocks | 0 comments | Continued(BAC) The Fed 101 – Zacks Voice of the People
The Fed 101 I’ve enjoyed reading a multitude of comments, here and elsewhere, about the FED, the USA dollar, and “money printing” … and I’m preparing a new post (for Friday) and thought I’d give you a re-print of MY old post from another site...
12May2010 | vitalstocks | 0 comments | Continued(HAS) Hasbro is the Leader in Children’s Games and Toys
Hasbro Inc. (HAS) is a worldwide leader in children’s and family leisure time and entertainment products and services Incorporatedluding the design, manufacture and marketing of games and toys ranging from traditional to high-tech. Both internationally and in the U.S.,...
12May2010 | Shawn | 0 comments | Continued(CSCO) Cisco Systems’ Earnings Are A Modest Beat
Tech giant Cisco Systems (CSCO) has just posted another positive earnings surprise. Its fiscal third quarter (ended April) 2010 earnings per share (EPS) of 37 cents, on revenues of $2.2 billion, topped the Zacks Consensus Estimate by 3 cents per share. (Zacks accounts for employee...
12May2010 | vitalstocks | 0 comments | Continued(DIS) The Walt Disney Company Beats Expectations
The Walt Disney Company (DIS), a diversified entertainment company, recently posted better-than-expected second-quarter 2010 results, but the results at its Media Networks division disappointed and the stock fell 3.6% or $1.27 to $34.49 in after-market trading on Tuesday. The...
12May2010 | vitalstocks | 0 comments | Continued(SU) Suncor Energy Beats Street Estimates
Canada-based Suncor Energy Inc. (SU) reported better-than-expected first quarter results, helped by additional upstream production from the Petro-Canada merger and higher crude prices. Earnings per share, excluding certain items, came in at 18 Canadian cents (18 US cents), slightly...
12May2010 | vitalstocks | 0 comments | Continued(WDC) Western Digital Corporation Earnings Estimate Scorecard
Earnings estimates for the major hard disk drive manufacturer Western Digital Corp. (WDC) have moved up sharply, attributable to encouraging third quarter results and strong business fundamentals. The company reported third quarter 2010 EPS of $1.71, which exceeded the Zacks...
12May2010 | vitalstocks | 0 comments | Continued(BRCM) Broadcom Corporation – Trades at Discount to Industry P/E Ratio
Broadcom Corp. (BRCM) recently hit a new multi-year high on much better than expected Q1 results that saw revenue jump 71% from last year. Estimates are on the rise, helping to keep the valuation picture in check with a forward P/E of 18X. Company Description Broadcom Corp. designs...
12May2010 | vitalstocks | 0 comments | Continued(T) AT&T Quarterly Earnings Scorecard
First Quarter Flashback AT&T (T) reported better-than-expected first quarter results, with adjusted earnings per share of 59 cents beating the Zacks Consensus Estimate of 55 cents, representing a 7.27% positive earnings surprise. However, net income slid 20.8% year-over-year,...
12May2010 | vitalstocks | 0 comments | Continued(AIG) American International Group and Prudential Discussing Deal Revision
According to the Financial Times, American International Group Inc. (AIG) and Prudential Plc. (PUK) are discussing a restructuring of their $35.5 billion deal for AIG’s Asian life insurance unit, American International Assurance (“AIA”). This revision could lead to...
12May2010 | vitalstocks | 0 comments | Continued(STJ) St. Jude Medical Unveils New Cardiac Product
St. Jude Medical, Inc. (STJ) recently launched a new product, Promote Quadra cardiac resynchronization therapy defibrillator (CRT-D), in Europe. The new product is the industry’s first quadripolar pacing system with four pacing electrodes. This enables physicians to efficiently...
12May2010 | vitalstocks | 0 comments | Continued(ETN) Fundamentals Behind Soaring Nickel Prices
If you lived through the Great Depression, you’d likely remember the song: “Brother, Can You Spare a Dime?” These days, commodity investors are singing a slightly different tune: “Brother, Can You Spare a Nickel.” And they’re singing it for very different reasons. You...
12May2010 | InvestmentU | 0 comments | Continued(GOOG) Google’s Earnings Beat The Street by 36.8%
Following the first quarter earnings announcement on April 15, 2010, more than half the analysts covering Google Inc.(GOOG) have made upward revisions to their estimates. The reason for the optimism may be traced to the strong results that were helped by the return of several...
12May2010 | vitalstocks | 0 comments | Continued