Archive for May, 2010
(RDK) Ruddick Corporation – Second-Quarter Earnings Surprise of 23%
Ruddick Corp. (RDK) has been trending higher for most of the last 14 months after bottoming out in March of 2009 with the market. Although shares have recently pulled back a bit, the long-term trend is still bullish on the company’s 23% Q2 earnings surprise from late April...
25May2010 | vitalstocks | 0 comments | Continued(HD) Home Depot – Strong First-Quarter Earnings Results
Home Depot (HD) has beaten the Zacks Consensus Estimate in each of the last five quarters by an average of 10.3%. Home Depot is a Zacks #2 Rank stock that trades at 17x fiscal 2011 EPS estimates and 15x fiscal 2012 EPS estimates. Business The Home Depot, Inc., is the leading...
25May2010 | vitalstocks | 0 comments | Continued(PRE) PartnerRe Limited – Bear of the Day
We are downgrading our recommendation on PartnerRe (PRE) to Underperform from Neutral. The company’s first quarter loss was substantially below the Zacks Consensus Estimate and considerably lagged behind the prior year’s results. While higher premiums and investment...
25May2010 | vitalstocks | 0 comments | Continued(MTL) Mechel OAO Gets B1 Rating by Moody’s Investors Service
Shares of Russian metals and mining company, Mechel OAO (MTL) slipped 5.78% or $1.22 per share to close at $19.90 on Monday after being assigned a “B1″ corporate credit rating by Moody’s Investors Service, a unit of Moody’s Corp.(MCO). Credit rating agency,...
25May2010 | vitalstocks | 0 comments | Continued(MDT) Medtronic’s Fourth Quarter Earnings Beat Estimates
Medtronic, Inc. (MDT) reported fourth quarter fiscal 2010 earnings per share of 89 cents, beating the Zacks Consensus Estimate of 88 cents and the year-ago earnings of 82 cents. In fiscal 2010, earnings per share were $3.22, compared to the Zacks Consensus Estimate of $3.21 and...
25May2010 | vitalstocks | 0 comments | Continued(TEF) German 4G Wireless Spectrum Auction Misses Forecast
Germany’s recently concluded 4G mobile broadband spectrum (radio airwave) auction has fetched lower-than-expected revenues for the government. The multi-round auction which was initially expected to generate between €6 billion and €8 billion (US$7.5 billion and US$9.9 billion)...
25May2010 | vitalstocks | 0 comments | Continued(YHOO) Nokia and Yahoo! Agree to Cooperate to Enhance Mobil Offerings
Yahoo! Inc. (YHOO) and Nokia Corp (NOK) have signed an agreement to enhance their mobile offerings. For Yahoo, the deal is an attempt to expand its presence in Asian countries where Nokia phones are the most popular. Top brass at the company believes that Yahoo email and chat...
25May2010 | vitalstocks | 0 comments | Continued(BK) Bank of New York Mellon Boosts Custody Business
In an effort to significantly penetrate the fast-growing Custody Business, the wealth management wing of Bank of New York Mellon Corp. (BK) is planning to expand its securities custody business among registered investment advisers (RIAs), Reuters reported on Monday. The fast-growing...
25May2010 | vitalstocks | 0 comments | Continued(MAR) Marriott International Moves to Double Chinese Properties
Marriott International Inc. (MAR), a leading worldwide hospitality company with a primary focus on property management and franchising, is set to double the number of hotels it runs in China in about five years. On Monday, the company announced the signing of seven additional...
25May2010 | vitalstocks | 0 comments | Continued(FTR) Frontier Communication-Verizon Communications Deal Gets Final Approval
Frontier Communication’s (FTR) pending acquisition of Verizon Communications’ (VZ) local wireline operations has received the final approval of the US telecom regulator, Federal Communications Commission (FCC). With this, the transaction has received all the necessary approvals...
24May2010 | vitalstocks | 0 comments | Continued(C) Troubled Asset Relief Program Projected Costs Shrink
The U.S. Treasury said on Friday that its $700 billion Troubled Asset Relief Program (TARP) to rescue the nation’s financial industry would cost less than anticipated. The treasury now projects the TARP costs to be $105.4 billion, down $11.4 billion from its previous expectation...
24May2010 | vitalstocks | 0 comments | Continued(CPB) Campbell Soup’s Earnings Top Expectations
Campbell Soup Co. (CPB) posted fiscal 2010 third-quarter adjusted earnings of 54 cents per share, which surpassed the Zacks Consensus Estimate of 51 cents. Quarterly earnings also came in ahead of 48 cents per share recorded in the year-ago period. During the quarter, Campbell’s...
24May2010 | vitalstocks | 0 comments | Continued(BSX) Boston Scientific Launches New Product
Boston Scientific Corp. (BSX) recently launched, in US and Europe, its Sterling SL PTA Balloon Dilatation Catheter, a high-performance balloon dilatation catheter. This latest addition expands the company’s range of low-profile peripheral angioplasty balloon catheters, which...
24May2010 | vitalstocks | 0 comments | Continued(CMI) Cummins’ First Quarter 2010 Earnings Scorecard
Cummins Inc. (CMI) reported its first quarter earnings for 2010 on April 27, 2010, outperforming the Zacks Consensus Estimate by an impressive margin of 17 cents per share. The market reacted favorably, with share prices fluctuating mostly in an upward direction. Analysts were...
24May2010 | vitalstocks | 0 comments | Continued(NCR) NCR Corporation Earns Deal With Old National Bank
Technology and solutions provider NCR Corp. (NCR) recently entered into a multiyear agreement, with Old National Bank (ONB), a $7.8 billion financial services organization situated in Indiana. The agreement enables Old National Bank to use NCR’s Web Hosting Services and APTRA...
24May2010 | vitalstocks | 0 comments | Continued(KMP) Kinder Morgan Energy Partners Completes Joint Venture
Kinder Morgan Energy Partners L.P. (KMP), the largest independent owner and operator of petroleum product pipelines in the U.S., has completed the purchase of a 50% interest in Petrohawk Energy Corporation’s (HK) natural gas gathering and treating business in the Haynesville...
24May2010 | vitalstocks | 0 comments | Continued(MHP) McGraw-Hill Companies’ Quarterly Earnings Scorecard
The McGraw-Hill Companies, Inc. (MHP), the publisher and provider of financial information and media services, reported better-than-expected first-quarter 2010 results, primarily driven by a recovery in global bond markets, strong performance in U.S. higher education and global...
24May2010 | vitalstocks | 0 comments | Continued(OI) Owens-Illinois Forms Joint Venture to Expand in China
Owens-Illinois Inc. (OI) has enhanced its presence in China by forming a joint venture with Thailand’s Berli Jucker Public Co. to buy four plants from Fraser & Neave Holdings Bhd.’s Malaya Glass operations for $221.7 million. The purchase price includes debt and minority...
24May2010 | vitalstocks | 0 comments | Continued(TM) Toyota Motors Increases Lexus Recall to U.S.
Toyota Motors Corp. (TM) has recalled 3,800 units of its Lexus “LS” line of sedans in the U.S., as planned, to fix a problem with its computerized steering system. This follows a recall of 4,500 units of the same line in Japan for the same reason last week. According...
24May2010 | vitalstocks | 0 comments | Continued(LVS) Las Vegas Sands Resumes Building on Macau Project
Las Vegas Sands Corp. (LVS), the casino company controlled by Sheldon Adelson, recently announced that the development of the next phase of Cotai Strip project (Parcels 5 & 6) in Macau, suspended in 2008 due to difficult credit market conditions, has resumed and is currently...
24May2010 | vitalstocks | 0 comments | Continued(JPM) U.S. Bank Failures in 2010 Increase to Seventy-Three
U.S. regulators on Friday shuttered St. Paul, Minnesota-based Pinehurst Bank, pushing up U.S. bank failures to 73 so far in 2010. This compares to bank failures of 140 in 2009, 25 in 2008 and only 3 in 2007. Although the economy is showing signs of a gradual recovery with large...
24May2010 | vitalstocks | 0 comments | Continued(IBM) As IBM Hits 100 – Earnings Dysfunction???
IBM (NYSE: IBM) – or Big Blue, as many investors call it – turns 100 next year. These days, many people think of the American icon as just a technology hardware company. But it actually started out as a meat slicer and scale vendor. Needless to say, the company has definitely...
24May2010 | InvestmentU | 0 comments | Continued(UNM) Unum Group Announces Share Repurchase
As a part of its incessant effort to enhance value for it shareholders, the board of directors of Unum Group (UNM) announced a share repurchase authorization and an increase in the quarterly dividend on May 20, 2010. According to the new authorization, Unum will repurchase up...
24May2010 | vitalstocks | 0 comments | Continued(AAPL) Apple Looks Like The Most Popular Stock on the Planet
There are times when a stock’s popularity is just too big to ignore. IBM was such a company in the 70′s as was Micrsoft in the 90′s. For those 2 readers who don’t know about them Apple (AAPL) designs, manufactures and markets personal computers and related...
24May2010 | Shawn | 0 comments | Continued(GENZ) Genzyme Corporation Earnings Scorecard
Following the release of first quarter results on April 21, 2010, several analysts covering Genzyme Corporation (GENZ) have lowered their earnings estimates for 2010 and 2011. Genzyme is still suffering from the impact of the temporary shutdown of its Allston Landing manufacturing...
24May2010 | vitalstocks | 0 comments | Continued(ANDS) Anadys Pharmaceuticals Announces Good News For Hepatitis Candidate
Anadys Pharmaceuticals Inc. (ANDS) announced that its lead candidate, ANA598, which is being developed for treating patients with hepatitis C virus (HCV) infections, has met key goals in a mid-stage study. The study saw HCV patients being treated with ANA598 in combination with...
24May2010 | vitalstocks | 0 comments | Continued(T) AT&T Wireless Increases Early Termination Fees
Bad news for US iPhone users, as AT&T (T) has reportedly raised Early Termination Fees (ETFs) for premium smartphones effective June 1, 2010. Ma Bell has bumped up the ETFs on such devices from the existing $175 to a whopping $325, making it much more costly for customers...
24May2010 | vitalstocks | 0 comments | Continued(MDCO) The Medicines Company Gives Angiomax Update
The Medicines Company (MDCO) recently announced that the US District Court for the Eastern District of Virginia has ordered the US Patent and Trademark Office (PTO) to take necessary actions so as to make sure that the company’s patent on Angiomax does not expire until 10 days...
24May2010 | vitalstocks | 0 comments | Continued(IBM) IBM Announces Agreement to Buy Sterling Commerce
International Business Machines Corp. (IBM) further expanded its software portfolio by announcing that it has entered into a definitive agreement by acquiring Sterling Commerce from AT&T (T) for $1.4 billion in cash. Sterling Commerce — based in Dublin, Ohio —...
24May2010 | vitalstocks | 0 comments | Continued(PCS) MetroPCS Communications Earnings Scorecard
First Quarter Flashback Leading unlimited wireless carrier MetroPCS Communications (PCS) reported first-quarter 2010 earnings per share of 6 cents matching the Zacks Consensus Estimate. However, net income plunged 48% year-over-year to $22.7 million on account of a 30% year-over-year...
24May2010 | vitalstocks | 0 comments | Continued