Archive for May, 2010
(CVH) Coventry Health Care First Quarter 2010 Earnings Scorecard
Following the release of first quarter results on April 30, 2010, majority of the analysts covering Coventry Health Care Inc. (CVH) have made upward revisions to their 2010 and annual estimates. 2011 estimates have also witnessed an upward trend, although not as overwhelming...
25May2010 | vitalstocks | 0 comments | Continued(ANGN) Angeion Reports Second Quarter Financial Results
On May 24, 2010, Angeion Corporation (ANGN) reported operating results for the second quarter ending April 30, 2010. The company surprised on the upside, beating our estimate on both the top line and EPS. We have adjusted our full-year revenue and EPS slightly upwards. The company...
25May2010 | vitalstocks | 0 comments | Continued(FMS) Fresenius Medical Care Buys Asia Renal Care
Fresenius Medical Care (FMS) recently undertook a major expansion in dialysis services in the Asia-Pacific region by signing a sales and purchase agreement to acquire Asia Renal Care, a wholly owned subsidiary of Bumrungrad International, an associate company of Bumrungrad Hospital. If...
25May2010 | vitalstocks | 0 comments | Continued(BHP) Volatile Commodities Market And The Powerhouse Nation Behind It
China has remained the driving force in the commodities market for the past year. Rising demand from that neck of the woods has driven prices higher and higher… Or at least, it has until now. Lately, China has given the commodities market obvious jitters. Investors need...
25May2010 | InvestmentU | 0 comments | Continued(NS) NuStar Energy L.P. to Buy Asphalt Holdings’ Assets From Denham Capital
NuStar Energy L.P. (NS), one of the country’s largest asphalt refiners and marketers and operators of petroleum product terminals and petroleum liquids pipelines, has agreed to acquire certain assets of an energy- and commodities-focused private equity firm for $44.1 million. As...
25May2010 | vitalstocks | 0 comments | Continued(EJ) E-House China Holdings – Surprised by 375% in the First Quarter
E-House China Holdings Limited (EJ) is in one of the riskier sectors of China’s economy: housing. While the company has surprised on the Zacks Consensus 4 quarters in a row, the outlook for the second quarter is a bit more dicey as the Chinese government tries to cool down...
25May2010 | vitalstocks | 0 comments | Continued(CLF) Cliffs Natural Resources Eyes Aquisition of Canadian Entity
International mining and natural resources company Cliffs Natural Resources Inc. (CLF) has proposed to acquire either of two junior mineral exploration Canadian companies, KWG Resources Inc. and Spider Resources Inc. The takeover bids have substantially similar financial terms....
25May2010 | vitalstocks | 0 comments | Continued(AMB) AMB Property Leases 127,700 in New Jersey
AMB Property Corp. (AMB), a leading real estate investment trust (REIT), has recently leased approximately 127,700 square feet of its development portfolio in New Jersey. The unnamed lessees will occupy the space in AMB Franklin Commerce Center, bringing the 366,900 square feet...
25May2010 | vitalstocks | 0 comments | Continued(EXPD) Expeditors International of Washington Earnings Scorecard
Expeditors International of Washington (EXPD), a provider of logistics services, reported first quarter results on May 5, 2010. The company reported earnings of 28 cents per share, in line with the Zacks Consensus Estimate, but a penny higher than last year’s 27 cents per...
25May2010 | vitalstocks | 0 comments | Continued(PNC) PNC Financial Services Group Raises $500 Million in Capital
In a regulatory filing with the Securities and Exchange Commission last week, PNC Financial Services Group Inc. (PNC) disclosed that its wholly owned subsidiary, PNC Funding Corp., has accomplished the sale of $500 million in debt securities through a public offering. The company...
25May2010 | vitalstocks | 0 comments | Continued(ORLY) O’Reilly Automotive – Bull of the Day
O’Reilly Automotive (ORLY) is continuously benefiting from its dual market strategy and strong distribution network. In the first quarter of 2010, the company beat the Zacks Consensus Estimate of $0.59 per share and its own guidance of $0.56-$0.60 per share by posting earnings...
25May2010 | vitalstocks | 0 comments | Continued(BA) Boeing Company First Quarter 2010 Earnings Scorecard
Following the earnings release of Boeing Company (BA) on April 21, analysts covering the stock have become apprehensive of its near-term prospects and revised downwards their estimates. The market has reacted similarly, and the stock to date has fallen by approximately 16% subsequent...
25May2010 | vitalstocks | 0 comments | Continued(VIAB) Viacom First Quarter 2010 Earnings Scorecard
We notice an overall positive trend in recent Zacks Consensus Estimate Revision for Viacom Inc. (VIAB). Increase in advertisement expenditures by several enterprises benefited the media companies including Viacom. This trend is likely to continue in near-future. We believe analysts...
25May2010 | vitalstocks | 0 comments | Continued(BHP) BHP Billiton Analyst Maintains Outperform Rating
We reiterate our Outperform recommendation on BHP Billiton Ltd. (BHP) based on its progressive dividend policy and its joint venture with Rio Tinto PLC (RTP). BHP Billiton maintains a progressive dividend policy with a dividend of 42 cents per share in the first half of fiscal 2010,...
25May2010 | vitalstocks | 0 comments | Continued(WPZ) Williams Partners L.P. Shifts and Restructures
Williams Partners L.P. (WPZ) signed a merger agreement under which it will buy the remaining outstanding shares of Williams Pipeline Partners L.P. (WMZ). The deal permits Williams Pipeline unit holders to receive 0.7584 common units of Williams Partners for every unit they hold....
25May2010 | vitalstocks | 0 comments | Continued(FNM) U.S. Housing Prices Mixed in March
The Case Schiller indexes showed that housing prices were mixed in March on a seasonally adjusted basis. Since there is a distinct seasonality to housing prices (they tend to go up in the spring and down in the winter), those are the numbers that should be focused on. Many of...
25May2010 | vitalstocks | 0 comments | Continued(SKM) SK Telecom Announces Joint Venture PT Telekomunikasi
South Korean wireless kingpin SK Telecom (SKM) is eyeing the Indonesian market as part of its quest for growth as the carrier has reportedly joined forces with Indonesia’s largest wireline and wireless operator PT Telekomunikasi (TLK) or Telkom. Under a deal worth KRW12.5 billion...
25May2010 | vitalstocks | 0 comments | Continued(RTN) Raytheon Company Gets $96.7 Million U.S. Air Force Contract
Raytheon Company (RTN) was awarded a $96.7 million follow-on U.S. Air Force contract for Miniature Air Launched Decoys (MALD). Raytheon till date has delivered more than 100 units of MALD to the U.S. Air Force. The order is the third production lot of MALD made by Raytheon for...
25May2010 | vitalstocks | 0 comments | Continued(JOE) St. Joe Company Opens New Florida Airport
The St. Joe Company (JOE), a publicly-held operationally diversified real estate company, has recently announced the opening of the Northwest Florida Beaches International Airport, the first new international airport opened in the U.S. since the 2001 terrorist attack. The airport,...
25May2010 | vitalstocks | 0 comments | Continued(OPTR) Optimer Pharmaceuticals Signs Manufacturing Deal
Recently, Optimer Pharmaceuticals (OPTR) entered into a long-term supply agreement with India based Biocon Limited. The agreement is aimed at manufacturing the active pharmaceutical ingredient of fidaxomicin, Optimer’s lead candidate. Fidaxomicin is being developed to treat...
25May2010 | vitalstocks | 0 comments | Continued(ACI) Arch Coal Restarts Production Dugout Canyon Mine in Carbon County
Canyon Fuel Company, a subsidiary of Arch Coal Inc. (ACI), has resumed coal production at its Dugout Canyon Mine in Carbon County, Utah. The production has been restarted with all mining equipment Incorporatedluding the main long-wall mining system. Following the detection of...
25May2010 | vitalstocks | 0 comments | Continued(EIA) Energy Information Administration Natural Gas Supplies Remain Robust
The federal government’s Energy Information Administration (EIA) reported an in-line increase in natural gas supplies. Stockpiles held in underground storage in the lower 48 states rose by 76 billion cubic feet (Bcf) for the week ended May 14, 2010. The inventory addition was...
25May2010 | vitalstocks | 0 comments | Continued(CSC) CSC Incorporated – On a Growth Trajectory
The habit of winning major deals and securing contract extension doesn’t seem to end for the IT major CSC Inc. (CSC). The company’s information technology (IT) outsourcing agreement with Sempra Energy has been extended recently for another three years. Under the extended...
25May2010 | vitalstocks | 0 comments | Continued(HPQ) Hewlett-Packard Wins Government Contract
After rolling out encouraging second quarter numbers, Hewlett-Packard (HPQ) recently won a $41.6 million contract from the U.S. Department of Homeland Security Immigration and Customs Enforcement’s (ICE) Law Enforcement Support Center (LESC). As per the terms of the agreement,...
25May2010 | vitalstocks | 0 comments | Continued(HON) Honeywell International Announces Plan to Buy Sperian Protection
Honeywell International Inc. (HON) intends to acquire Sperian Protection, a leader in personal protection equipment (PPE) design and manufacturing, for approximately €117 per share, which represents a premium of 93.0% over the price as on March 30. The aggregate transaction...
25May2010 | vitalstocks | 0 comments | Continued(LMT) Lockheed Martin Issues $728.2 Million in Debt
In a process to restructure its debts, Lockheed Martin Corporation (LMT) announced that it will issue $728.2 million 5.72% notes due on 2040 and swap it with a series of higher interest bearing debts. The company said the holders of $611 million of debts have agreed to exchange...
25May2010 | vitalstocks | 0 comments | Continued(NOK) Nokia Corporation’s First Quarter 2010 Earnings Scorecard
The recent Zacks Consensus earnings estimate revision trend clearly indicates a disappointing outlook for Nokia Corp. (NOK). It seems analysts are highly concerned about Nokia’s success in lucrative smartphone market, which is gradually becoming the next-generation choice....
25May2010 | vitalstocks | 0 comments | Continued(WY) Weyerhaeuser First Quarter 2010
Impressive first quarter results and robust second quarter guidance resulted in overall positive sentiments for Weyerhaeuser Co. (WY) following its earnings release on April 29, 2010. The company expects an increase in home closings, profits from wood products business, and...
25May2010 | vitalstocks | 0 comments | Continued(WFMI) Whole Foods Market Analyst Assigns Neutral Rating
Being one of the leading natural and organic foods supermarkets, Whole Foods Market Inc. (WFMI), with its strong brand image and marketing and merchandising expertise, offers investors one of the strongest growth profiles in the industry. The stringent cost-control measures,...
25May2010 | vitalstocks | 0 comments | Continued(BRCM) Broadcom First Quarter 2010 Earnings Beat by 30%
Chipmaker Broadcom Corp. (BRCM) reported better-than-expected results for the first quarter on April 27, 2010. Net income came in at $210 million or 40 cents per share, easily beating the Zacks Consensus Estimate of 30 cents. Estimates for the stock have been on the upswing following...
25May2010 | vitalstocks | 0 comments | Continued