Archive for July, 2010
(YHOO) Yahoo! Earnings Report Beats Expectations – Stock Gets Beaten
Apparently, beating consensus earnings estimates but coming short on the top-line counts as a miss these days. After the closing bell Tuesday, Yahoo! Inc. (YHOO) reported earnings per share (EPS) of 15 cents on revenues totaling $1.13 billion for its fiscal 2nd quarter. The Zacks...
21Jul2010 | vitalstocks | 0 comments | Continued(STT) State Street Corporation Reports Second Quarter 2010 Earnings In-Line
State Street Corporation (STT) reported second quarter 2010 operating earnings of 93 cents, in line with the Zacks Consensus Estimate. Results improved 24% from 75 cents in the prior quarter and 4.5% from 89 cents in the prior-year quarter. Operating results, however, exclude...
20Jul2010 | vitalstocks | 0 comments | Continued(ABT) Pharma and Biotech Industry Outlook – July 2010 – Industry Outlook
The pharmaceutical industry has witnessed major changes over the past few quarters, with performance being affected by factors like sluggish prescription trends, intensifying generic competition and limited late-stage catalysts. The next five years are expected to reflect a significant...
20Jul2010 | vitalstocks | 0 comments | Continued(FRX) Forest Labs Tops Consensus Earnings Estimates
Forest Laboratories, Inc. (FRX) reported earnings per share of 95 cents for the first quarter of fiscal 2011, well above the Zacks Consensus Estimate of 86 cents and the year-earlier earnings of 87 cents. Including the impact of a charge related to investigations being carried...
20Jul2010 | vitalstocks | 0 comments | Continued(ONNN) ON Semiconductor Buys Sanyo’s Chip Business
ON Semiconductor (ONNN) recently announced that it agreed to acquire Sanyo Electric Co.’s unprofitable semiconductor business in a cash-and-stock-deal valued at about $366 million. The company said the acquisition of Sanyo Semiconductor Co. will strengthen its presence in the...
20Jul2010 | vitalstocks | 0 comments | Continued(GE) General Electric Enters Five-Year Deal With Tennessee Valley Authority
General Electric Co. (GE) entered into a five-year service deal with the Tennessee Valley Authority (“TVA”) to work together as a single entity and meet the strategic requirements of TVA. As per the deal, valued at $116 million, General Electric will provide its services...
20Jul2010 | vitalstocks | 0 comments | Continued(RTN) Raytheon Earns Air Force Helmet Mounted Integrated Targeting System Contract
Raytheon Company (RTN) was awarded a $12.6 million U.S. Air Force contract to provide Helmet Mounted Integrated Targeting (HMIT) system for the Air Force and Air National Guard using the A-10C and F-16C Block 30/32 aircraft. The company has teamed with Gentex Corporation (GNTX)...
20Jul2010 | vitalstocks | 0 comments | ContinuedStealth Stocks Weekly Update on Monday, July 19, 2010 With Dennis Slothower
Summary of Recommendations We are beginning to slide into bear market territory but the market is subject to extreme volatility. We need to break below the monthly middle Bollinger Band line (S&P 500) at 1,000 to remove all doubts that the bulls have lost rule of this...
20Jul2010 | vitalstocks | 0 comments | Continued(ATAC) ATC Technology Corporation to be Bought by GENCO
ATC Technology Corporation (ATAC) has entered an all-cash merger agreement with GENCO Distribution System, Inc. (“GENCO”), under which it will be acquired by the latter for $512.6 million. GENCO is a privately held third-party provider of logistics services for retailers,...
20Jul2010 | vitalstocks | 0 comments | Continued(JNJ) Johnson & Johnson Earnings Preview
Johnson & Johnson (JNJ) is slated to report second quarter earnings on Jul 20, 2010. The current Zacks Consensus Estimate for the second quarter is $1.21 per share, representing year-over-year growth of 5.2%. Although Johnson & Johnson has consistently surpassed earnings...
20Jul2010 | vitalstocks | 0 comments | Continued(F) Ford Announces Plans to Build New Plant in China
Ford Motor Co. (F) has announced to build a $300 million plant in central China with its commercial vehicle joint-venture partner, Jiangling Motors Corporation (“JMC”). The facility will start operations by the end of 2012 and has an annual production capacity of 300,000...
20Jul2010 | vitalstocks | 0 comments | Continued(CA) CA Incorporated Earnings Preview
CA Inc. (CA) is scheduled to announce its first quarter and fiscal year 2011 results on July 21, 2010 after market close, and we do not see too much variation in analyst estimates at this point. Fourth Quarter Overview The company reported decent fourth quarter 2010 numbers,...
20Jul2010 | vitalstocks | 0 comments | Continued(BA) Boeing’s 787 On Display at International Air Show at Farnborough
The long wait for the Boeing Company’s (BA) 787 airliner finally came to an end, when the much awaited airplane made its appearance in the International Air Show at Farnborough, United Kingdom. Boeing anticipates to deliver the first 787 to Japan’s All Nippon Airways...
20Jul2010 | vitalstocks | 0 comments | Continued(DELL) Dell PowerEdge C6100 Servers to Power NASA Center for Climate Simulation
The second-largest PC maker in the world, Dell Inc. (DELL), recently announced that it will provide the NASA Center for Climate Simulation (NCCS) with its PowerEdge C6100 servers. The server, which supports high-performance computing (HPC), will aid NCCS in carrying out analytical...
20Jul2010 | vitalstocks | 0 comments | Continued(GR) Goodrich Brakes in Demand
Goodrich Corporation (GR) has begun qualification activities to upgrade the C-130 transport fleet of the U.S. Air Force with new boltless wheels and carbon brakes. The company expects to complete the qualification activities in the first quarter of 2011 and expects initial hardware...
20Jul2010 | vitalstocks | 0 comments | Continued(HAL) Halliburton Reports Better Than Expected Second Quarter 2010 Earnings
Halliburton Co. (HAL) – one of the largest oilfield service providers in the world – reported significantly better-than-anticipated second-quarter 2010 results. This was helped by the strength and sustainability of the all-important North American onshore activity levels...
19Jul2010 | vitalstocks | 0 comments | Continued(LMT) Lockheed Martin F-35 to Arrive in Canada
Lockheed Martin Corp. (LMT) announced that the Government of Canada will acquire 65 F-35 Lightning II Joint Strike Fighter jets for $8.5 billion. Canada plans to acquire 65 F-35s to replace its existing fleet of CF-18 Hornets. Lockheed Martin will begin delivering F-35s to Canada...
19Jul2010 | vitalstocks | 0 comments | Continued(T) AT&T Second Quarter 2010 Earnings Preview
AT&T (T) is slated to release its second-quarter 2010 results on July 22, 2010, before market opens. The current Zacks Consensus Estimate for the second quarter is 57 cents, representing a 5.43% annualized growth. AT&T had an average of 6% positive earnings surprise in...
19Jul2010 | vitalstocks | 0 comments | Continued(AIG) American International Group Faces Lawsuit
Along with the burden of repaying the bailout money, American International Group Inc. (AIG) agreed on Friday to pay $725 million to three Ohio public pension funds for the settlement of a class action lawsuit, filed with Securities and Exchange Commission in October 2004 over...
19Jul2010 | vitalstocks | 0 comments | Continued(ORCL) Oracle’s Oracle Financial Services Software Limited FLEXCUBE in Demand
Oracle Financial Services Software Limited, a major subsidiary of Oracle Corp. (ORCL) announced that a large number of Vietnamese banks are switching to its FLEXCUBE core banking solutions from local solutions to achieve their operational needs. Major Vietnamese banks such as...
19Jul2010 | vitalstocks | 0 comments | Continued(BIIB) Biogen Idec Second Quarter 2010 Earnings Preview
Biogen Idec Inc. (BIIB) is set to announce its second quarter 2010 results on Tuesday, July 20, before the opening bell. The Zacks Consensus Estimate for the to-be-reported quarter is $1.08 per share (with a downside of 0.93%), compared to the 73 cents per share earned in the...
19Jul2010 | vitalstocks | 0 comments | Continued(BAC) Bank of America’s Second Quarter 2010 Earnings Beat on Lower Credit Costs
Bank of America Corporation’s (BAC) second quarter 2010 earnings came in at 27 cents per share, 3 cents ahead of the Zacks Consensus Estimate of 24 cents. However, this compares unfavorably with the earnings of 33 cents in the prior-year quarter. Lower credit costs and sale...
19Jul2010 | vitalstocks | 0 comments | Continued(JNPR) Juniper Networks Second Quarter 2010 Earnings Preview
Juniper Networks Inc. (JNPR) is scheduled to announce its second quarter results on July 20 and we do not see any variation in analyst estimates at this point. First Quarter Overview Juniper reported modest first quarter 2010 numbers, with earnings of 20 cents (excluding one-time...
19Jul2010 | vitalstocks | 0 comments | Continued(SKM) SK Telecom in Talks with Apple
Telecommunications companies in South Korea are looking at various options to improve their deteriorating profits by developing products that bundle fixed-line, mobile and Internet services. As part of this endeavour, SK Telecom (SKM), South Korean wireless kingpin, is currently...
18Jul2010 | vitalstocks | 0 comments | Continued(URS) URS Wins Scott Wilson Bid
URS Corporation (URS) has won a bidding war for Scott Wilson Group after privately held CH2M Hill withdrew its offer. URS Corporation had increased its offer to acquire Scott Wilson Group Plc from £161 million or $242 million to £223 million or $337 million. The 38% increase...
18Jul2010 | vitalstocks | 0 comments | Continued(PBCT) People’s United Financial Second Quarter 2010 Earnings In-Line
Regional bank People’s United Financial Inc. (PBCT) announced second quarter 2010 operating earnings per share of 9 cents, which came in line with the Zacks Consensus Estimate. Earnings were up a penny after five consecutive quarters of reporting 8 cents per share. The...
18Jul2010 | vitalstocks | 0 comments | Continued(MHGC) Morgans Hotel Groups Announces Refinancing of Debt
Morgans Hotel Group Co. (MHGC) announced recently that it has refinanced in full the existing mortgage debt secured by two hotels in London. The company enjoys a 50% ownership through a joint venture with an affiliate of Walton Street Capital in these two hotels. Morgans Hotel...
18Jul2010 | vitalstocks | 0 comments | Continued(COL) Rockwell Collins Third Quarter 2010 Earnings Edged Past Estimates
Rockwell Collins Inc. (COL), a supplier of avionics and military equipment, barely outpaced the Zacks Consensus Estimate of 88 cents in the third quarter ending June 30, 2010 with earnings of 89 cents per share. However, earnings per share shrunk 3 cents compared with the prior-year...
18Jul2010 | vitalstocks | 0 comments | Continued(ERTS) June 2010 Video Game Sales Slide
After tepid gains in May, video game sales again declined in June 2010. However, this fall was in line with the Wall Street analysts’ expectations. According to research firm NPD, retail sales of hardware, software and accessories in the U.S. decreased 6.0% year over year to...
17Jul2010 | vitalstocks | 0 comments | Continued(FHN) First Horizon National Turns to Profit
First Horizon National Corporation (FHN) turned to profitability in its second quarter after reporting losses in the past eight quarters. The company reported net income of $2.7 million or 1 cent per share, which compares favorably with the Zacks Consensus Estimate at a loss...
17Jul2010 | vitalstocks | 0 comments | Continued