Archive for May, 2010
(GS) Goldman Sachs Group’s Earnings Scorecard
Goldman Sachs Group Inc. (GS) reported first quarter earnings of 2010 on Apr 20th that were significantly ahead of the Zacks Consensus Estimate, led by strong top-line growth though partially offset by higher-than-expected operating expenses. However, investors’ reactions on...
12May2010 | vitalstocks | 0 comments | Continued(DT) Deutsche Telekom Earnings Beats Expectations on Lower Sales
German telecom behemoth Deutsche Telekom (DT) announced first-quarter results with adjusted (excluding special factors such as staff-related measures and non-staff-related restructuring) earnings per ADS of 28 cents beating the Zacks Consensus Estimate of 17 cents. Adjusted net...
12May2010 | vitalstocks | 0 comments | Continued(JNPR) Juniper Networks Analyst Initiates Coverage at Neutral
We are initiating coverage of Juniper Networks Inc. (JNPR) with a Neutral rating and a price target of $30.00. We believe that the company is fairly valued, having witnessed steady growth through acquisitions, as well as the roll out of new services. This has also enabled Juniper...
12May2010 | vitalstocks | 0 comments | Continued(GE) In March, U.S. Trade Deficit Rises Again
In March, the Trade Deficit rose to $40.42 billion from $39.43 billion in February, and increase of 3.04%. A year ago, the trade deficit was $28.74 billion, so it is up a whopping 43.74% from then. It is still, however, well below the $60+ billion trade deficits that were the...
12May2010 | vitalstocks | 0 comments | Continued(TEVA) Teva Pharmaceutical Industries Reports Earnings That Beat The Street
Teva Pharmaceutical Industries’ (TEVA) first quarter earnings of 91 cents per American Depository Share (ADS) was well above the Zacks Consensus Estimate of 89 cents and the year-ago earnings of 71 cents. Teva’s top-line performance remained strong with revenues increasing...
12May2010 | vitalstocks | 0 comments | Continued(F) Metals & Mining Outlook & Review – May 2010 – Industry Outlook
The Metals & Mining Industry encompasses the extraction (mining), as well as the primary and secondary processing of metals and minerals. The industry is oligarchic in structure, with a few producers accounting for the lion’s share of production. Geographically, the Asia-Pacific...
12May2010 | vitalstocks | 0 comments | Continued(TM) Toyota Motor Earnings Report Turns to Annual Profit
Toyota Motor Corp. (TM) posted a profit of ¥209.5 billion ($2.3 billion) or ¥66.79 (72 cents) per share for its fiscal 2010 ended March 31, 2010, in stark contrast to a loss of ¥437 billion ($4.7 billion) or ¥139.13 ($1.50) per share a year ago. Sales expansion in Asia, reductions...
11May2010 | vitalstocks | 0 comments | Continued(CSTR) Coinstar Incorporated – Bullish Outlook
Coinstar Inc (CSTR) soared to an all-time high after the latest earnings release. revenues have dramatically increased and analysts continue to raise their estimates. Company Description Most of you are probably familiar with the Coinstar machines at local grocery stores. For...
11May2010 | vitalstocks | 0 comments | Continued(F) China and India Top US in Auto Sales
China and India — CHINDIA, in popular lingo — are now automobile market leaders in passenger cars by posting a staggering 34% increase to 1.11 million vehicles and 39.5% to 143,976 vehicles, respectively, during April. In contrast, passenger car sales in the U.S....
11May2010 | vitalstocks | 0 comments | Continued(C) Citigroup to Repurchase $536 Million in Notes
As a part of its liability management strategy, on May 6, Citigroup Inc. (C), popularly known as(Citi), announced the closure of the tender offer for buying back its Notes that are due for maturity in a year’s time. The commencement of the tender offer was made on April 22,...
11May2010 | vitalstocks | 0 comments | Continued(JPM) JPMorgan Chase & Company Partners with Cuscal
Cuscal, an Australia-based business-to-business provider of wholesale banking and transactional banking services, has entered into a partnership with JPMorgan Chase & Co. (JPM) to provide a new platform to facilitate international payment transfers to its customers. Cuscal...
11May2010 | vitalstocks | 0 comments | Continued(M) Macy’s April Retail Sales Climb
Macy’s Inc. (M), one of the leading department store retailers in the United States, recently posted better-than-expected sales results for the four-week period ended May 1, 2010, on the heels of new merchandise assortments, and raised its first-quarter 2010 earnings guidance. The...
11May2010 | vitalstocks | 0 comments | Continued(JCP) J.C. Penney’s April Report Shows Sales Drop
J. C. Penney Company, Inc. (JCP), a leading retailer of apparel, footwear, accessories, fashion jewelry, beauty products, and home furnishings, recently reported sales results for the four-week period ended May 1, 2010. The company’s comparable-store sales for April 2010 dropped...
11May2010 | vitalstocks | 0 comments | Continued(PCLN) Priceline.com Earnings Report Shows Numbers Disappoint
Priceline.com’s (PCLN) first quarter earnings missed the Zacks Consensus by 23 cents. Revenue was also slightly short, missing by 1.0%. Shares slid 12.11% after hours, as the big miss took investors by surprise. We believe that the uncertainty regarding near-term performance...
11May2010 | vitalstocks | 0 comments | Continued(MCD) McDonald’s Report Shows Sales on the Rise
McDonald’s Corporation’s (MCD) comparable sales are on the rise. Although diners are now becoming more comfortable spending as the economy eases, but are still seeking value menu offerings. The fast food restaurant operator has witnessed an uptrend across its domestic and...
11May2010 | vitalstocks | 0 comments | Continued(AAPL) Bureau of Labor Statistics Report Indicates Lack of Hiring
When the Bureau of Labor Statistics (BLS) reported a gain of 290,000 jobs last Friday, it was a net number — the difference between the number of new jobs being created and the number of people losing their jobs. People lose there jobs in several different ways. They can...
11May2010 | vitalstocks | 0 comments | Continued(LM) Legg Mason’s Earnings Report Outshines Street Estimates
Legg Mason Inc.’s (LM) fourth-quarter earnings of 39 cents per share surpassed the Zacks Consensus Estimate of 35 cents as well as prior-quarter earnings of 28 cents. Earnings came in substantially ahead of a loss of $2.33 per share reported in the fourth quarter of 2009 due...
11May2010 | vitalstocks | 0 comments | Continued(TIP) The Indispensable Investment – Treasury Inflation-Protected Securities
Two weeks ago, I wrote a column recommending Treasury Inflation-Protected Securities (TIPS) as protection against potential inflation down the road. It prompted a flood of questions and challenges. I want to address those, but let me start by briefly re-stating my case: Unprecedented...
11May2010 | InvestmentU | 0 comments | Continued(XLNX) Xilinx – Earnings Estimates Are Moving Higher
Xilinx Inc (XLNX) recently reported better-than-expected results for the fiscal fourth quarter of 2010. Growth and Income Analysts estimate that Xilinx will achieve long-term EPS growth of 14.7%, and its stock has a dividend yield of 2.4%. The Zacks #2 Rank stock trades at 11.9x...
11May2010 | vitalstocks | 0 comments | Continued(CRL) Charles River Announces Deal to Buy China’s WuXi
If you’re a healthcare stocks junkie, you may have caught the news… U.S. clinical research company Charles River Laboratories International (NYSE: CRL) announced a deal to buy its Chinese rival, WuXi PharmaTech ADR (NYSE: WX). The $1.6 billion cash-and-stock deal includes...
11May2010 | InvestmentU | 0 comments | Continued(MDT) Medical Devices Stock Review – May 2010 – Industry Outlook
The global medical devices industry is fairly large, with annual worldwide sales in 2009 in excess of $220 billion. The U.S. accounts for approximately 41% of this market. The industry is divided into different categories such as Cardiology, Oncology, Neuro, Orthopedic, Aesthetic...
11May2010 | vitalstocks | 0 comments | Continued(USM) U.S. Cellular Earnings Report Beats The Street
U.S. Cellular (USM), the wireless subsidiary of Telephone and Data Systems (TDS), reported first-quarter 2010 results with earnings per share (EPS) of 55 cents beating the Zacks Consensus Estimate by a penny while declining from 97 cents a year ago. Net income plummeted 43% year-over-year...
11May2010 | vitalstocks | 0 comments | Continued(S) Sprint Nextel Cancels Plans to Offer Google’s Nexus One
Sprint Nextel (S) has reportedly abandoned its plan of selling Google’s (GOOG) so-called “Superphone” Nexus One. Instead, the third largest US wireless operator will focus on its forthcoming 4G smartphone HTC EVO 4G, which the carrier reckons is a better option for...
11May2010 | vitalstocks | 0 comments | Continued(ANGO) AngioDynamics Announces New Product
AngioDynamics, Inc. (ANGO) recently launched its new product, Centros hemodialysis access catheter, in the United States. The new product uses a curved tip catheter technology and provides higher blood flow and lower recirculation. It has been tested that when Centros is placed...
11May2010 | vitalstocks | 0 comments | Continued(INCY) Incyte Corporation’s Earnings Report Beats – Firm Raises Guidance
Incyte Corporation’s (INCY) first quarter fiscal 2010 loss per share came in at 30 cents compared to a loss of 41 cents reported in the year-ago period. However, excluding non-cash charge related to notes redemption, the company reported a loss of 27 cents per share, better...
11May2010 | vitalstocks | 0 comments | Continued(MDT) Medtronic Launches M-Link Cellular Accessory Product
Medtronic, Inc. (MDT) recently launched a new product, M-Link cellular accessory, which enables cardiac device patients with an option to securely send information stored in their implanted devices to their clinics via the CareLink Network using cellular signals, rather than...
11May2010 | vitalstocks | 0 comments | Continued(PXP) Plains Exploration & Production’s Earnings Report Falls Below Estimates
Plains Exploration & Production Co. (PXP) posted first-quarter earnings of 31 cents per share, below the Zacks Consensus Estimate of 39 cents but above the year-ago profit of 9 cents. The year over year increase was driven by its strong production with lower costs, and effective...
11May2010 | vitalstocks | 0 comments | Continued(REG) Regency Centers Corporation Funds From Operations Dips First Quarter
Regency Centers Corp. (REG), a self-administered and self-managed real estate investment trust (REIT), reported FFO (funds from operations) of $48.6 million or 58 cents per share in the first quarter of 2010, compared to $55 million or 78 cents per share in the year-earlier period....
10May2010 | vitalstocks | 0 comments | Continued(MWIV) MWI Veterinary Supply Reports Ahead of The Street – Raises Guidance
MWI Veterinary Supply (MWIV) reported fiscal second-quarter earnings per share of 62 cents, surpassing the Zacks Consensus Estimate of 50 cents and the year-ago earnings of 47 cents. The company reported $286.6 million in revenues, a growth of 34% compared to the corresponding...
10May2010 | vitalstocks | 0 comments | Continued(LBTYA) Liberty Global’s Quarterly Earnings Miss Expectations
Liberty Global Inc. (LBTYA) declared financial results for the first quarter of 2010 after the market closed yesterday, which missed the Zacks Consensus Estimate. Quarterly GAAP net loss from continuing operations was $633.3 million or a loss of $2.44 per share, compared with...
10May2010 | vitalstocks | 0 comments | Continued