Archive for May, 2010
(CMI) Cummins Incorporated – Bull of the Day
Cummins, Inc. (CMI) is set to benefit from fuel economy improvements, new emission standards and increased prices. Liquidity is also improving. However, a slump in key markets Incorporatedluding the U.S., and a soft heavy-duty truck market that forms over 50% of the company’s...
24May2010 | vitalstocks | 0 comments | Continued(ODSY) Odyssey Healthcare – Fifth Consecutive Earnings Surprise
Odyssey HealthCare, Inc. (ODSY) estimates are soaring after the most recent earnings surprise. Company Description Odyssey Healthcare, Inc. provides hospice care services focused on palliative care for patients with life-limiting illnesses. Care is directed at managing pain and...
24May2010 | vitalstocks | 0 comments | Continued(PPG) PPG Industries Resumes Shelby, North Carolina Operations
PPG Industries (PPG) has recently restarted its furnace at the facility in Shelby, North Carolina. The North Carolina facility is under PPG’s fiber glass business. The company states that the restart would support market demand, specifically in automotive, wind energy, and...
24May2010 | vitalstocks | 0 comments | Continued(SGY) Stone Energy Maintains Gas Production Guidance
Stone Energy Corp. (SGY) has maintained its 2010 net daily production guidance at 205-225 million cubic feet of gas equivalent (MMcfe) and capex at $400 million. In the first quarter, the company’s earnings were 55 cents per share, below the Zacks Consensus Estimate of 58 cents....
24May2010 | vitalstocks | 0 comments | Continued(FRX) Forest Laboratories Learns Daxas FDA Approval Delayed
Forest Laboratories, Inc. (FRX) recently announced that it received a complete response letter from the U.S. Food and Drug Administration (FDA) for its New Drug Application (NDA) for Daxas (roflumilast). Forest and partner, Nycomed, were looking to get Daxas approved for the...
24May2010 | vitalstocks | 0 comments | Continued(ABK) Ambac Financial Group Plunges on Wider Loss
Share price of Ambac Financial Group Inc. (ABK) plunged approximately 23.3% on Tuesday to close at $1.12 after the company reported its first quarter 2010 adjusted net loss of $0.68 per share, compared with adjusted net loss of $3.22 per share in the prior-year quarter. The company...
24May2010 | vitalstocks | 0 comments | Continued(SBS) SABESP Earnings Results Beat Estimates
Companhia de Saneamento Basico do Estado de Sao Paulo (SBS), or SABESP reported encouraging results for first quarter of 2010, with 6.0% year-over-year growth in net operating revenues and 13.4% growth in net income. Reported net income grew 13.4% to reach R$ 290.6 million...
24May2010 | vitalstocks | 0 comments | Continued(LFL) LAN Airlines S.A. In Solid Position
Earlier this month, Chile based LAN Airlines S.A. (LFL) reported passenger traffic for April 2010. Total passenger traffic grew marginally by 0.1% year over year, with domestic traffic increasing 6.6% and international traffic falling 2.7%. International passenger traffic accounted...
24May2010 | vitalstocks | 0 comments | Continued(RCI) Rogers Communications Analyst Upgrades to Outperform
We upgrade our recommendation to Outperform for Rogers Communications Inc. (RCI) following its first quarter 2010 financial results, significantly above the Zacks Consensus Estimates. Free cash flow, cash returns to shareholders, and adjusted operating profit increased in double...
24May2010 | vitalstocks | 0 comments | Continued(HIW) Highwoods Properties Extends Ties with INC Research
Highwoods Properties, Inc. (HIW), a real estate investment trust (REIT), has recently extended its long-term association with INC Research, a therapeutically focused contract research organization, by signing a second leasing agreement for 60,000 square feet of space at Highwoods...
24May2010 | vitalstocks | 0 comments | Continued(SNPS) Synopsys Second Quarter 2010 Reports Earnings Below Expectations
Synopsys Inc.’s (SNPS) second quarter 2010 EPS of 32 cents fell short of the Zacks Consensus estimate of 38 cents. Revenue Revenue for the second quarter was $338.1 million, almost flat compared to $336.8 million reported in the year-ago period. Revenue for the quarter was...
24May2010 | vitalstocks | 0 comments | Continued(AN) AutoNation 2010 First Quarter Earnings Scorecard
AutoNation, Inc. (AN) reported its first quarter earnings for 2010 on April 22, 2010, exactly meeting the Zacks Consensus Estimate. The market reacted positively, with its share price rising in the subsequent 3 days. However, the share price started descending from the fourth...
24May2010 | vitalstocks | 0 comments | Continued(MI) Marshall & Ilsley First Quarter 2010 Earnings Estimate Scorecard
Marshall & Ilsley Corporation (MI) reported its first-quarter 2010 results on April 20. Loss for the reported quarter came in substantially lower than the Zacks Consensus Estimate. Investors were clearly very impressed by this narrower-than-expected quarterly loss. As a result,...
24May2010 | vitalstocks | 0 comments | Continued(CMG) Chipotle Mexican Grill – Revenue Up 16% – Strong Balance Sheet
Chipotle Mexican Grill, Inc. (CMG) continues to trend higher as the company posts excellent revenue and earnings growth, on display with better than expected Q1 results from late April that included a 28% earnings surprise. The next-year estimate is bullish too, projecting 18%...
24May2010 | vitalstocks | 0 comments | Continued(CTB) Cooper Tire & Rubber – Rising earnings Estimates – Good Valuations
Cooper Tire & Rubber Co. (CTB) shares set a new 52-week high after its latest quarterly release. Sales, estimates and the outlook are all improving. Company Description Cooper Tire & Rubber Co. makes tires for motorcycles, trucks and everything in between. The Ohio-based...
24May2010 | vitalstocks | 0 comments | Continued(JCI) Johnson Controls – Reports Strong Second-Quarter Results
Johnson Controls (JCI) recently beat analyst estimates, and management raised its earnings guidance for fiscal year 2010. Johnson Controls is a Zacks #2 Rank stock that trades at 15.3x fiscal 2010 EPS estimates and 12.2x fiscal 2011 EPS estimates. Growth and Income Analysts estimate...
24May2010 | vitalstocks | 0 comments | Continued(FOSL) Fossil Incorporated – Reports a Record First Quarter
Fossil, Inc. (FOSL) is hot as it recently reported a record first quarter and raised its full year guidance. It also surprised on the Zacks Consensus for the fourth quarter in a row. Fossil is a specialty retailer offering men’s and women’s fashion watches, jewelry,...
24May2010 | vitalstocks | 0 comments | Continued(SINA) SINA Reports First Quarter Profit 21.7% Ahead of Estimates
Excluding one-time items, but including stock-based compensation expenses, SINA Corporation (SINA) reported net profit for the fiscal first-quarter of 2010, which was a modest improvement from the year-ago quarter and a significant improvement from the previous quarter. The...
24May2010 | vitalstocks | 0 comments | Continued(CPLA) Capella Education Company – Bull of the Day
Capella’s (CPLA) strong focus towards working adults and exclusive online education has enabled it to establish a healthy position in the for-profit post-secondary education industry. The company’s sustained effort to expand educational programs helps it to boost...
24May2010 | vitalstocks | 0 comments | Continued(MWE) MarkWest Energy Partners Reports Earnings Ahead of Estimates
MarkWest Energy Partners L.P. (MWE), a master limited partnership (MLP), reported significantly better-than-expected first quarter results, reflecting a robust performance of its core assets and the growing contribution from the Marcellus expansion projects. Earnings per unit,...
24May2010 | vitalstocks | 0 comments | Continued(ADI) Analog Devices Second Quarter Earnings Report Beats Expectations
Analog Devices’ (ADI) fiscal second quarter results beat the Zacks Consensus estimate by 5 cents. Revenue beat by 3.8%. Results exceeded management expectations on revenue, margins and earnings. Shares sunk 2.65% during the day, but gained back 2.36% after hours in response...
24May2010 | vitalstocks | 0 comments | Continued(MYL) Mylan First Quarter 2010 Earnings Scorecard
First Quarter Highlights On April 29, Mylan (MYL) reported first quarter fiscal 2010 earnings per share (EPS) of 20 cents, down from the year-ago earnings of 23 cents. On an adjusted basis, first quarter earnings came in at 36 cents, a couple of cents above the Zacks Consensus...
24May2010 | vitalstocks | 0 comments | Continued(PPG) PPG Industries First Quarter 2010 Earnings Scorecard
PPG Industries (PPG) continued to experience a moderate recovery in several of the global end-use markets during the first quarter of 2010. This recovery combined with lower costs resulting from its restructuring initiatives positively impacted its financial results in the first...
24May2010 | vitalstocks | 0 comments | Continued(BTU) Macarthur Coal Limited Exits Merger Plan With Peabody Energy
Australian miner Macarthur Coal Limited exited the merger proposal of Peabody Energy Corp. (BTU) after the company revised its offer last week. Last week, Peabody had slashed its bid for acquiring Macarthur Coal Limited, on due diligence and the new Australian proposal to tax...
24May2010 | vitalstocks | 0 comments | Continued(MGI) MoneyGram International Expands Into Nordic Region
Expanding its presence across the Nordic region, on Tuesday, MoneyGram International Inc. (MGI) announced its seven-year partnership with Money Transfer International Limited, a U.K.-based remittance and foreign currency exchange operation, to enhance its money transfer service...
24May2010 | vitalstocks | 0 comments | Continued(RNR) RenaissanceRe Holdings Expands Share Repurchase Program
In an attempt to return value to its investors, on Tuesday, the board of RenaissanceRe Holdings Ltd. (RNR) approved the expansion of its stock repurchase program to a total current authorization of approximately $500 million. This authorization includes the remainder amounts...
24May2010 | vitalstocks | 0 comments | Continued(PTV) Buyout Story Boosts Pactiv Shares
Pactiv Corp. (PTV) shares jumped following a Wall Street Journal report claiming the company may be bought by private-equity firm Apollo Global Management. As the news spread, shares leapt 19% yesterday. According to the report, Pactiv is discussing a leveraged buyout (LBO) with...
24May2010 | vitalstocks | 0 comments | Continued(GTIV) Gentiva Health Services Acquires United Home Care Group
Expanding its presence in Louisiana, on Monday, Gentiva Health Services Inc. (GTIV) announced that it has completed the acquisition of the assets of United Home Care Group, a Medicare certified home health services business. Although existing cash reserves have been utilized...
24May2010 | vitalstocks | 0 comments | Continued(DFS) Discover Financial Servcies Forms Alliance With Amalgamated Bank of Chicago
In an attempt to expand its operation in the U.S., Discover Financial Services (DFS) recently announced its strategic alliance with Amalgamated Bank of Chicago (ABOC) in order to launch American Union Financial Services (AUFS) and ABOC Discover card. The AUFS and ABOC Discover...
24May2010 | vitalstocks | 0 comments | Continued(VAL) Valspar Corporation Reports Strong First Quarter
Net earnings for Valspar Corporation (VAL), one of the largest paints and coatings manufacturers globally, improved a robust 69% to 61 cents per share in the second quarter of fiscal 2010 compared with net earnings of 36 cents in the year-ago period. Quarterly revenues increased...
24May2010 | vitalstocks | 0 comments | Continued