Archive for June, 2010
(AIG) AIG Analyst Upgrades The Stock To Outperform
Based on strong results and a rigorous effort to restructure its operations to increase leverage and generate capital to repay the government’s bailout money, we have upgraded American International Group (AIG) to Outperform from Neutral. AIG reported solid earnings during...
30Jun2010 | vitalstocks | 0 comments | Continued(JPM) JPMorgan Slashes Loan Rates For Small Businesses Hiring People
In an effort to motivate small businesses and to reduce unemployment level, JPMorgan Chase & Co. (JPM) on Tuesday started a new plan to slash loan rates on small businesses, who decide to hire new employees. JPMorgan will lower the rate by 0.5 percentage points for every...
30Jun2010 | vitalstocks | 0 comments | Continued(HPQ) Hewlett-Packard To Market Some Avaya Products
The world’s largest personal computer and server maker, Hewlett-Packard Company (HPQ) recently entered into a three-year contract with Avaya Inc. As per this agreement, HP’s product line will incorporate some Avaya business communication products. The agreement comes as no...
30Jun2010 | vitalstocks | 0 comments | Continued(MS) Morgan Stanley Analyst Upgrades Stock to Neutral
Given the market recovery and fundamental growth indicators, we have upgraded our recommendation on Morgan Stanley (MS) to Neutral from Underperform. Morgan Stanley’s first quarter earnings came in at $1.03 per share, substantially better than the Zacks Consensus Estimate of...
30Jun2010 | vitalstocks | 0 comments | Continued(BK) BNY Mellon Awarded Beijing License By China Banking Regulatory Commission
On Monday, BNY Mellon Corporation (BK) got the authorization from China Banking Regulatory Commission (CBRC) to open a banking branch in Beijing to provide services to the company’s institutional clients. The license for setting up the bank branch is expected to enhance BNY...
30Jun2010 | vitalstocks | 0 comments | Continued(CEG) Constellation Energy Group Joins GE Energy Financial Services And Others in Smart Grid Investment
Baltimore-based, Constellation Energy Group Inc. (CEG) joined forces with GE Energy Financial Services, a part of General Electric (GE), Qualcomm Inc. (QCOM), Verizon Ventures, a part of Verizon Communications Inc. (VZ) and others for the development of a smart grid technology....
30Jun2010 | vitalstocks | 0 comments | Continued(GIS) Company News for June 30, 2010 – Corporate Summary
• General Mills (NYSE:GIS) raised its dividend before reporting inline fiscal fourth-quarter earnings of 41 cents a share, but its guidance for fiscal 2011 came in below Street expectations. Revenues of $3.57 billion were in-line with Zacks projections of $3.57 billion,...
30Jun2010 | vitalstocks | 0 comments | ContinuedJun 30: Crude Inventories Fall – Economic Highlights
Crude inventories decreased by 2.0 million barrels, for the week ending June 25, from the previous week to 363.1 million barrels and were above the upper limit of the average range for that time of year. U.S. crude oil refinery inputs averaged 15.1 million barrels per day during...
30Jun2010 | vitalstocks | 0 comments | Continued(MFE) McAfee’s New Web Protection Solution Enhances Web Security
Internet security company McAfee Inc. (MFE) has announced the worldwide availability of its new Software-as-a-Service (SaaS) Web Protection solution. The new cloud-based security solution is powered by McAfee’s Global Threat Intelligence network to ensure proactive delivery...
30Jun2010 | vitalstocks | 0 comments | Continued(AAPL) Is The Apple iPhone Finally Going To Be Available On Other Wireless Networks?
The wireless industry is buzzing with rumors that Verizon Wireless, the largest U.S. mobile-phone company, will start selling Apple Inc‘s (AAPL) iPhone in January 2011. Verizon Wireless is a venture between Verizon Communications (VZ) and Vodafone Group Plc (VOD). If the...
30Jun2010 | vitalstocks | 0 comments | Continued(BA) Boeing to Create New Jobs if Awarded U.S. Air Force Tanker Contract
In the midst of dismal job-cut news, Boeing Company (BA) can bring in some joy in Minnesota by creating new jobs. Boeing will be able to bring happiness to 230 individuals and it will cost the company $11 million, if its NewGen Tanker is selected as the U.S. Air Force’s...
30Jun2010 | vitalstocks | 0 comments | Continued(EBAY) Options Market Myths DeBunked: How to Handle Risk and Brokerages
by Karim Rahemtulla, Options Expert Tuesday, June 29, 2010: Issue #1291 Alright, let’s try to clear a few things up here… In response to my article last week about selling put options, I received plenty of feedback and questions – most of which brought up options risk...
29Jun2010 | InvestmentU | 0 comments | Continued(S) Sprint Launches 2nd Broadband 4G WiMax Handset
Expansion of 4G services is vital to Sprint Nextel’s (S) survival in the U.S. wireless market, given its continued market share erosion. To prevent further decrease, Sprint launched its second 4G smartphone in collaboration with Samsung Telecommunications’ “Samsung Epic...
29Jun2010 | vitalstocks | 0 comments | Continued(AAPL) Apple’s iPhone4 Debut Sets Record
Apple Inc. (AAPL) announced that its fourth generation iPhone 4, released on June 24, 2010 in the U.S., Britain, France, Germany and Japan, sold a record 1.7 million in just three days after the launch, making it the most successful start in the company’s history in terms of...
29Jun2010 | vitalstocks | 0 comments | Continued(JWN) Nordstrom Continues to Expand its Rack Chain
Nordstrom Inc. (JWN), one of the largest fashion specialty retailers in the U.S., has its eyes on further expanding its Rack concept and plans to open stores in Arlington mall and Cherry Hill, New Jersey. Spring 2011 will unveil the wide selection of apparel, accessories and...
29Jun2010 | vitalstocks | 0 comments | Continued(MT) Steel Industry Review and Outlook – Industry Outlook
The U.S. houses one of the world’s largest steel industries. It is rather concentrated in structure, with a few producers accounting for the lion’s share of sales. If we add companies engaged in the extraction of iron ore and coking coal for the processing of iron and...
29Jun2010 | vitalstocks | 0 comments | Continued(ALKS) Alkermes, Amylin Pharmaceuticals, and Eli Lilly See Encouraging Data on Diabetes Candidate Bydureon
Recently Alkermes Inc. (ALKS), Amylin Pharmaceuticals Inc. (AMLN) and Eli Lilly & Co. (LLY), the co-developers of type II diabetes candidate Bydureon (exenatide once weekly), presented pooled safety data on the candidate. The companies presented the data at the 70th Annual...
29Jun2010 | vitalstocks | 0 comments | Continued(JPM) JPMorgan Chase Subsidiary Chase Bank Announces Job Fair to Recruit 300
Chase Bank, the principal banking subsidiary of JPMorgan Chase & Co. (JPM), will recruit 300 employees by hosting a job fair today in Houston, the Houston Business Journal reported on Monday. At the job fair, Chase intends to recruit personal bankers, telephone bankers, unit...
29Jun2010 | vitalstocks | 0 comments | Continued(UAUA) UAL Corporation – Bull of the Day
We are upgrading our recommendation to Outperform on UAL Corp. (UAUA) based on the improved outlook for the airline industry. The company’s first quarter loss narrowed from the year-ago level and surpassed the Zacks Consensus Estimate, based on good capacity and revenue...
29Jun2010 | vitalstocks | 0 comments | Continued(EMC) EMC Analyst Maintains Neutral Rating
We have a Neutral rating on EMC Corp. (EMC) with a price target of $20. Based on forward earnings estimates, the stock is trading at 21.1X, 2010 EPS estimates. Leader in Storage EMC was the overall storage software market leader with a 22.7% market share in 2009, for eight consecutive...
29Jun2010 | vitalstocks | 0 comments | Continued(GS) Goldman Sachs Group Gets SEC Extension On Civil-Fraud Litigation
In an unexpected turn of events, Bloomberg reported on Friday that Goldman Sachs Group Inc. (GS) succeeded in obtaining a stay of execution from the Securities and Exchange Commission (SEC) in the U.S. Accordingly, SEC has now postponed Goldman’s trial date for civil-fraud...
29Jun2010 | vitalstocks | 0 comments | Continued(BP) Oil Tanker Industry Might Be Path To Solid Profits
By Tony Daltorio, Investment U Research Monday, June 28, 2010 Just a few years ago, the oil tanker industry was booming. Rates on the benchmark Saudi Arabia-to-Japan route rose as high as $177,000 a day for supertankers. They had easy money. The financial crisis ended all of...
29Jun2010 | InvestmentU | 0 comments | Continued(PIR) Pier 1 Imports – Turns From Loss to Profit – Topped Estimates
Pier 1 Imports, Inc (PIR) analysts are raising estimates after the company posted a surprise profit last quarter. Shares are trading at a bargain and there is plenty of growth over the next few years. Company Description Pier 1 Imports is a specialty retailer focused on home...
29Jun2010 | vitalstocks | 0 comments | Continued(AYE) Allegheny Energy Gains Approval for Rate Hike
Allegheny Energy Inc. (AYE) received approval from the Public Service Commission of West Virginia to increase the base rate for its residential consumers. The base rate covers the cost of operation and capital investment of the utilities. This will imply a 4.5% increase in the...
29Jun2010 | vitalstocks | 0 comments | Continued(VRX) Biovail and Valeant Pharmaceuticals International to Merge
Recently, Valeant Pharmaceuticals International (VRX) and Canadian drugmaker Biovail Corp. (BVF) announced that they have agreed to merge, thereby creating a new company that will operate under the name Valeant Pharmaceuticals International, Inc. The transaction has been approved...
28Jun2010 | vitalstocks | 0 comments | Continued(NYT) New York Times Analyst Maintains Neutral Rating
We recently initiated our coverage on The New York Times Company (NYT) with a Neutral rating and a target price of $11.00. The diversified media company’s portfolio includes newspapers, Internet businesses and investments in paper mills and other ventures. The New York...
28Jun2010 | vitalstocks | 0 comments | Continued(LNC) Lincoln National Corporation Earns A.M. Best Ratings
On June 22, A.M. Best Co. allotted a debt rating of “a-” to the senior unsecured notes of Lincoln National Corporation (LNC), keeping the outlook stable. In conjunction with assigning ratings, A.M. Best changed Lincoln’s outlook to stable from negative, reiterating...
28Jun2010 | vitalstocks | 0 comments | Continued(ERTS) Electronic Arts Games on Top 20 Entries in iPhone Chart
EA Mobile, a division of Electronic Arts Inc. (ERTS), a video game maker and publisher announced that among the top 20 gaming titles available on Apple Inc.’s (AAPL) iPhone 4, 12 were from the Electronic Arts mobile gaming division. Electronic Arts management believes that...
28Jun2010 | vitalstocks | 0 comments | Continued(GS) Goldman Sachs Group Fined by Financial Industry Regulatory Authority in Bayou Scam
Securities regulator Financial Industry Regulatory Authority (FINRA) has ordered Goldman Sachs Group Inc. (GS) to pay $20.6 million to settle claims with the creditors of a failed hedge fund. The creditors claimed that Goldman should have known about its clearing brokerage client,...
28Jun2010 | vitalstocks | 0 comments | Continued(WM) Waste Management Enters Revolving Credit Agreement
Waste Management Inc (WM) entered into a revolving credit agreement with a syndicate of banks, which allows the company to borrow or repay debt as required up to $2 billion within a period of 3 years. Waste Management‘s wholly-owned subsidiary, Waste Management Holdings Inc.,...
28Jun2010 | vitalstocks | 0 comments | Continued