Archive for July, 2010
(GD) General Dynamics Gets Contract
General Dynamics Land Systems – Canada, a business unit of General Dynamics Corporation (GD), has got a $34.4 million Canadian contract. Under this contract, General Dynamics will perform trade-off studies, design work, prototype build and testing to define the upgrades that...
12Jul2010 | vitalstocks | 0 comments | Continued(TQNT) TriQuint Semiconductor Analyst Maintains Neutral Rating
We recently reiterated our Neutral recommendation on TriQuint Semiconductor Inc. (TQNT). TriQuint Semiconductor is an original equipment manufacturer (“OEM”) of semiconductor communication integrated circuits (“ICs”). TriQuint’s products specifically target...
12Jul2010 | vitalstocks | 0 comments | Continued(RDSA) Royal Dutch Shell Launches Nigerian Project
Energy major Royal Dutch Shell Plc. (RDSA) announced the start-up of its Nigeria-based Gbaran-Ubie project following five years of work. The development, operated by Royal Dutch Shell’s Nigerian subsidiary, is located in the country’s southern delta and is designed to produce...
12Jul2010 | vitalstocks | 0 comments | Continued(NAV) Navistar International Signs Six-Year Agreement with Otokar
The Engine group of Navistar International Corp. (NAV) has entered a six-year agreement with Turkish commercial and military vehicles manufacturer, Otokar, to supply diesel engines. Otokar is a member company of the Turkey-based industrial conglomerate, Koç Holding A.?. Under...
12Jul2010 | vitalstocks | 0 comments | Continued(SIRI) SIRIUS XM Radio Announces Boosts to Subscriber Growth
Satellite radio service provider SIRIUS XM Radio Inc. (SIRI), which was facing bankruptcy just a year ago, is now steadily moving toward stability. Yesterday, the company announced that it expects to generate significant subscriber growth in 2010. SIRIUS XM now expects to add...
11Jul2010 | vitalstocks | 0 comments | Continued(BA) Boeing Buys Software-maker Narus
Advancing on its strategy to offer world-class, scalable, state-of-the-art cybersecurity solutions, Boeing Company (BA) agreed to acquire Narus – a privately held software-maker providing services to governments across the world for preventing cyber attacks. The acquisition...
11Jul2010 | vitalstocks | 0 comments | Continued(TEF) Telefonica Analyst Downgrades the Stock
We are downgrading our recommendation to Underperform from Neutral for Telefonica (TEF), the largest telecom carrier in Spain and Latin America. Currently the stock has Zacks #5 (Strong Sell) Rank. We believe Telefonica’s fight with Portugal Telecom (PT) for the full control...
11Jul2010 | vitalstocks | 0 comments | Continued(SHPGY) Shire plc Hears Good News From European Medicines Agency
Recently Shire plc (SHPGY) announced that its Gaucher disease product VPRIV (velaglucerase alfa) has received a favorable opinion from the European Medicines Agency’s (EMA) Committee for Medicinal Products for Human Use (CHMP). The committee recommended the approval of the...
11Jul2010 | vitalstocks | 0 comments | Continued(HPQ) Hewlett-Packard Earns $3.4 Billion U.S. Navy Contract
A unit of the world’s largest computer maker, Hewlett-Packard Company (HPQ) has won a mammoth deal of providing support to the U.S. Navy information technology department, having a total value of $3.4 billion. HP Enterprises’ former Electronic Data Systems is the beneficiary...
11Jul2010 | vitalstocks | 0 comments | Continued(SRDX) SurModics Signs Deal With Australian company Clinuvel Pharmaceuticals
Recently, SurModics Inc. (SRDX) inked a licensing deal with Australian company Clinuvel Pharmaceuticals Limited. The deal allows SurModics’ pharmaceuticals unit, which provides proprietary polymer-based drug delivery technologies to companies developing advanced pharmaceutical...
11Jul2010 | vitalstocks | 0 comments | Continued(CNI) Canadian National Railway Analyst Initiates Coverage at Neutral
We are initiating coverage on Canadian National Railway (CNI) with a Neutral recommendation and a Zacks #3 (Hold) Rank. We believe increased traffic, solid execution, significant increase in industrial production, ongoing inventory replenishment and a sharp rebound in many of...
10Jul2010 | vitalstocks | 0 comments | Continued(UBS) UBS AG Earns Spot as #2 Global Wealth Managers Despite Odds
In spite of the tax probe against UBS AG (UBS) that threatened the company’s age-old secrecy laws, the company ranked #2 as global wealth managers in 2009 as per the Global Private Banking study from Scorpio Partnership. The company came just behind Bank of America Corporation...
10Jul2010 | vitalstocks | 0 comments | Continued(BJ) U.S. Retail Sales Report Mixed in June
U.S. retailers once again posted a mixed bag of same-store sales in June. The month started out strong, owing to the shift of Memorial Day shopping into this reporting period. However, trends softened in the second and third weeks. A shift in Memorial Day benefited many companies...
10Jul2010 | vitalstocks | 0 comments | Continued(AN) AutoNation Sales Up 13%
AutoNation Inc. (AN) showed a 13% rise in retail new vehicle sales to 16,153 units last month, driven by strong growth in its Domestic brands. Sales of the Domestic brands, which comprise stores that sell vehicles manufactured by General Motors (MTLQQ), Ford Motor Co. (F) and...
10Jul2010 | vitalstocks | 0 comments | Continued(EMC) EMC Announced the Acquisition of Privately Held Data Software Firm Greenplum
A leading provider of data storage solutions, EMC Corp. (EMC) announced the acquisition of privately held data analysis software firm Greenplum Inc., based in California. Greenplum is a provider of disruptive data warehousing technology for data clouds and self-service analytics....
9Jul2010 | vitalstocks | 0 comments | Continued(ZUMZ) Zumiez Same-Store Sales Rise
Zumiez Inc. (ZUMZ), the leading action sports related apparel, footwear, equipment and accessories retailer, reported same-store sales growth of 10.9% for the five-week period ended Jul 3, 2010, driven by an increase in comparable store transactions as well as the combined impact...
9Jul2010 | vitalstocks | 0 comments | Continued(HRS) Harris Corporation Receives Orders From Asia
Harris Corporation (HRS) undertook a $99 million order for a military customer in Asia to provide the next phase of a comprehensive, multi-level C4I (command and control, communications, computers and intelligence) system. Harris will also provide Falcon tactical radios and sensors,...
9Jul2010 | vitalstocks | 0 comments | Continued(GE) General Electric Wins Contracts in Oman
General Electric Co. (GE) becomes a part of the Salalah Independent Water & Power Project (IWPP) in the Dhofar region of southern Oman. The multiple contacts awarded to the company are valued at approximately $300 million. General Electric will work with Oman Power and Water...
9Jul2010 | vitalstocks | 0 comments | Continued(NOC) Northrop-Grumman Wins $80 Million US Navy Contract
Northrop Grumman Corporation (NOC) won an $80 million U.S. Navy contract to provide infrared missile warning systems (IRMWS) and processors to the Naval Air Systems Command (NAVAIR) for supporting medium and heavy lift helicopter fleets. This equipment will enable the U.S. Navy...
9Jul2010 | vitalstocks | 0 comments | Continued(COP) U.S. Energy Department’s Reports Rise in Fuel Supplies
The U.S. Energy Department’s weekly inventory release showed a larger-than-expected decline in crude oil stockpiles, while demand from refiners was above expectations. However, on the negative side, gasoline and distillate supplies increased from their week-ago levels. Crude...
9Jul2010 | vitalstocks | 0 comments | Continued(MO) We Consider Five Reasons Why the S&P 500 Will Hit 1,350
by Matthew Weinschenk, Contributing Editor Thursday, July 8, 2010: Issue #1297 If you’ve talked yourself out of buying stocks recently, set aside your fears right now. Fear is what kept many investors out of stocks when the bull market started in 2002. Seven years later,...
9Jul2010 | InvestmentU | 0 comments | Continued(AES) AES Corporation Announces $500 Million Share Buyback
Shares of power company AES Corporation (AES), shot up 11% on Wednesday after its board of directors approved a common stock buyback plan of $500 million. Under the program, AES will repurchase the company’s stock in lots through Dec 31, 2010, using a number of channels,...
9Jul2010 | vitalstocks | 0 comments | Continued(ADI) Analog Devices Incorporated – Bull of the Day
Analog Devices (ADI) is a leading supplier of analog and DSP integrated circuits. The company’s April quarter earnings exceeded the Zacks Consensus estimate, driven by particularly strong demand for all major products sold into the industrial and automotive markets. We...
9Jul2010 | vitalstocks | 0 comments | Continued(PAA) Plains All American Pipeline Raises Funds Via Notes Issue
Plains All American Pipeline, L.P. (PAA) commenced the public offering of $400 million aggregate amount of 3.95% Senior Notes due Sept 15, 2015. The notes will be the unsecured senior obligations of Plains All American and guaranteed unconditionally by its certain subsidiaries. The...
9Jul2010 | vitalstocks | 0 comments | Continued(BCS) U.S. Consumer Credit Down 4.5% in May
According to data released by the Federal Reserve on Thursday, U.S. consumer credit declined by $9 billion, at an annualized rate of 4.5%, in May to $2.42 billion. Following a $14.9 billion drop in April, this represents a decline for the fourth consecutive month. The decline...
9Jul2010 | vitalstocks | 0 comments | Continued(TOT) TOTAL S.A. – ADR – Bear of the Day
TOTAL S.A.’s (TOT) weak near- to medium-term production outlook and the risks related to the present constrained commodity environment have led us to downgrade the long-term recommendation for the stock to Underperform from Neutral with a target of $42.00. In the near term,...
9Jul2010 | vitalstocks | 0 comments | Continued(LMT) Lockheed Martin Forms Joint Venture With Tata in India
Lockheed Martin Corporation (LMT) has formed a joint venture with Indian behemoth Tata group’s defense and aerospace arm, Tata Advanced System for the manufacture of defense equipment and aircraft parts. The joint venture is however pending authorization of the Indian Foreign...
8Jul2010 | vitalstocks | 0 comments | Continued(C) Citigroup Restructures, Selling Private Equity Unit to Lexington Partners
As part of its restructuring efforts, Citigroup Inc. (C) has agreed to sell its private equity unit to Lexington Partners, according to a report by the interactive forum peHUB. Citi is said to receive around $900 million from this sale. The portfolio that Citi has agreed to sell...
8Jul2010 | vitalstocks | 0 comments | Continued(RRGB) Red Robin Gourmet Burgers Announces New Restaurant in Bethel Park , Pennsylvania
Seattle-based Red Robin Gourmet Burgers Inc. (RRGB) recently announced that it would open a new Red Robin restaurant in Bethel Park , Pennsylvania , in mid July. The new 6,958-square-foot restaurant will seat 239 guests. Opening of this restaurant will create 100 new jobs in...
8Jul2010 | vitalstocks | 0 comments | Continued(UNP) Union Pacific Analyst Downgrades the Stock
We are downgrading our recommendation on Union Pacific Corp. (UNP) from Outperform to Neutral, implying that the stock will perform mostly in line with the broader market. This move is based on the relatively unfavorable economic environment and the regulatory risks. The current...
8Jul2010 | vitalstocks | 0 comments | Continued