Archive for August, 2010
(DELL) Dell Rolls Out Inspiron M101z Ultra Thin Laptops
The third largest PC maker in the world Dell Inc. (DELL) recently announced the shipment of its newest invention, namely the Inspiron M101z laptop. The compact device is already available in the market at a minimum price of $449.0 and bears a one-year limited warranty. The latest...
11Aug2010 | vitalstocks | 0 comments | Continued(NVTL) Novatel Wireless – Bear of the Day
We downgrade our recommendation for Novatel (NVTL) to Underperform following its second quarter 2009 financial results, well below the Zacks Consensus Estimates. Novatel is facing intensifying competition for its legacy embedded solutions products that is expected to result in...
11Aug2010 | vitalstocks | 0 comments | Continued(CAH) Cardinal Health Analyst Reaffirms Neutral Rating
We maintain our Neutral recommendation for Cardinal Health (CAH), one of the largest distributors of pharmaceuticals and medical supplies. Earnings for fourth-quarter fiscal 2010 beat the Zacks Consensus Estimate by a penny. However, profit dipped year-over-year, impacted by...
10Aug2010 | vitalstocks | 0 comments | Continued(SHPGY) Shire plc Second Quarter 2010 Earnings Beat – Updates Outlook
Shire plc (SHPGY) posted earnings of $1.03 per American Depositary Share (ADS) during the second quarter of 2010, beating the Zacks Consensus Estimate of 88 cents and the year-ago earnings of 60 cents per ADS. Improved revenues accounted for the increased earnings. Revenues Quarterly...
10Aug2010 | vitalstocks | 0 comments | Continued(LFL) LAN Airlines S.A.’s July Traffic Improves
Earlier this month, LAN Airlines S.A. (LFL) of Chile released its passenger traffic data for July 2010. Total passenger traffic grew significantly by 14.5% year over year, with domestic traffic increasing 17.6% and international traffic rising 13.3%. International passenger traffic...
10Aug2010 | vitalstocks | 0 comments | Continued(V) Visa Third Quarter 2010 Earnings Scorecard
Visa Inc. (V) reported its earnings for the third quarter of fiscal year 2010 on July 29th, beating the Zacks Consensus Estimate by 4 cents per share, led by strong top-line growth though partially offset by higher-than-expected operating expenses. However, investors’ reaction...
10Aug2010 | vitalstocks | 0 comments | Continued(FMCC) Freddie Mac Loss Narrows
Freddie Mac’s (FMCC) second quarter 2010 net loss came in at $1.85 per share, substantially lower than the prior quarter loss of $2.45. However, this compares unfavorably with a net loss of 26 cents per share in the year-ago quarter. With some early signs of stabilization in...
10Aug2010 | vitalstocks | 0 comments | Continued(AMMD) American Medical Systems AdVance XP Gets CE Mark
Leading pelvic-health devices maker American Medical Systems (AMMD) reported that it received the European CE mark for its AdVance XP sling system for the treatment of male stress urinary incontinence (SUI). AdVance XP is the next-generation successor to American Medical’s...
10Aug2010 | vitalstocks | 0 comments | Continued(C) Citigroup Raises Long-Term Debt Estimates
Citigroup Inc. (C) has raised its estimates of long-term debts for full year 2010, according to a recent second quarter 2010 results filing with the Securities and Exchange Commission. This comes as part of Citi’s efforts to strengthen its structural liquidity and extend the...
10Aug2010 | vitalstocks | 0 comments | Continued(AIG) American International Group Surpasses Consensus Estimates
American International Group Inc. (AIG) reported second-quarter operating earnings of $1.34 billion or $1.99 per share, significantly ahead of the Zacks Consensus Estimate of 99 cents and operating income of $1.14 billion or $1.71 per share in the year-ago period. On a GAAP basis,...
10Aug2010 | vitalstocks | 0 comments | Continued(GS) Goldman Sachs – Bear of the Day
We are downgrading our recommendation on Goldman Sachs (GS) to Underperform from Neutral, based on the effects related to Securities and Exchange Commission (SEC) charges and the negative impact of new financial regulatory reform. Litigation issues not only impact a company’s...
10Aug2010 | vitalstocks | 0 comments | Continued(UBS) UBS AG Sells $1.5 Billion Notes
UBS AG (UBS) has sold $1.5 billion of senior unsecured bank notes through its Stamford branch. The notes have a coupon rate of 2.25% and mature on August 12, 2013. Ratings from Moody’s Investor Services ? a unit of Moody’s Corp. (MCO) ? and Standard & Poor’s are...
10Aug2010 | vitalstocks | 0 comments | Continued(RIMM) Research in Motion’s CrackBerry Looks Set For A Downfall
by Tony D’Altorio, Investment U Research Thursday, August 5, 2010 When Canadian manufacturer Research in Motion (Nasdaq: RIMM) launched the BlackBerry in 2002, it did very well, (commonly referred to as the “CrackBerry,” given its addictive nature). The smartphone’s...
10Aug2010 | InvestmentU | 0 comments | Continued(UBS) UBS AG Announces They Will Pay $81 Million to Settle Charges
UBS AG (UBS) has hit the headlines again but this time for a wrong reason. The company has been ordered to pay $80.8 million by the Financial Industry Regulatory Authority Inc.’s (“FINRA”) arbitration panel in order to settle a damage claim brought forward by Kajeet Inc....
10Aug2010 | vitalstocks | 0 comments | Continued(F) Ford Motor Company Gets $250 Million Loan Guarantee
Ford Motor Company (F) has recently won approval for $250 million of working capital loan guarantee from the Export-Import Bank of the United States. The loan facility will finance about $3.1 billion of export sales for over 200,000 vehicles to Mexico and Canada. Using this loan...
10Aug2010 | vitalstocks | 0 comments | Continued(CPKI) California Pizza Kitchen’s Earnings Match Estimates
California Pizza Kitchen, Inc. (CPKI), one of the leading casual dining restaurant chains, recently posted second-quarter 2010 earnings of 17 cents per share, consistent with the Zacks Consensus Estimate, but dropped 32.0% from 25 cents in the prior-year quarter. The pizza restaurant...
10Aug2010 | vitalstocks | 0 comments | Continued(ALKS) Alkermes Earnings Report Shows Revenues Dipped
Alkermes Inc.’s (ALKS) first-quarter fiscal 2011 net loss of 14 cents per share compared unfavorably with the year-ago loss of 2 cents per share. The Zacks Consensus Estimate was a loss of 14 cents per share. Quarterly Results Total revenues for the reported quarter declined...
10Aug2010 | vitalstocks | 0 comments | Continued(F) U.S. Automakers Drive Sales
The light vehicle sales in the U.S. during July rose marginally by 2.2% to 11.54 million vehicles in terms of seasonally adjusted annual rate, driven mainly by strong sales gain experienced by the U.S. automakers. Pickup trucks and luxury cars were the hottest selling vehicles...
10Aug2010 | vitalstocks | 0 comments | Continued(C) Citigroup Analyst Reiterates Stock Rating At Neutral
We have reiterated our Neutral rating for Citigroup Inc. (C) following the company’s earnings release. Our decision is based on the company’s fundamentals and the current economic scenario. Second Quarter Performance Citi reported second quarter earnings of 9 cents per share,...
10Aug2010 | vitalstocks | 0 comments | Continued(SLE) Sara Lee Corporation’s CEO Steps Down
Sara Lee Corp. (SLE) announced today that its CEO Brenda C. Barnes will resign from the positions of Chairman and Chief Executive Officer. She was on a prolonged medical leave since May 14, 2010 following a stroke. Under Barnes’ leadership, Sara Lee undertook various business...
10Aug2010 | vitalstocks | 0 comments | Continued(MHGC) Morgans Hotel Group Earnings Report Shows Loss Widens
Morgans Hotel Group Co. (MHGC) reported its second quarter 2010 loss from continuing operations of 75 cents per share, highly disappointing as compared with the Zacks Consensus Estimate of a loss of 29 cents and the year-ago quarter’s loss of 32 cents. The wider-than-expected...
10Aug2010 | vitalstocks | 0 comments | Continued(JPM) Ravenswood Bank Based in Chicago Fails – Becomes 109th U.S. Failure in 2010
U.S. regulators on Friday shuttered Chicago, Illinois-based Ravenswood Bank, pushing up U.S. bank failures to 109 so far in 2010. This compares with a total number of 140 bank failures in 2009, 25 in 2008 and only 3 in 2007. Although the economy is showing signs of a gradual...
10Aug2010 | vitalstocks | 0 comments | Continued(ITW) Illinois Tool Works Hikes Dividend Rate
Illinois Tool Works Inc.’s (ITW) Board of Directors approved a 10.0% hike in the company’s quarterly dividend rate. The revised quarterly rate now stands at 34 cents per common share compared with 31 cents previously, resulting in an annual rate of $1.36 per common share....
9Aug2010 | vitalstocks | 0 comments | Continued(GE) General Electric in Utility Privatization Project
GE Intelligent Platforms, a part of General Electric (GE), will be working on the Alaska Utility Privatization Project being developed by Doyon Utilities LLC. The project will use GE’s Proficy Process Systems, providing productive and flexible power generation solution. Doyon...
9Aug2010 | vitalstocks | 0 comments | Continued(SCHW) Schwab Schwab Launches New ETFs
Last week, Charles Schwab Corporation (SCHW) announced the launch of three new bond Exchange-Traded Funds (ETFs). This will increase the tally of Schwab’s total ETFs to 11. Previously the company had 8 Equity ETFs. The new bond ETFs are expected to offer coverage to short-term,...
9Aug2010 | vitalstocks | 0 comments | Continued(C) Citigroup Raises $3 Billion from Notes Sale
Citigroup Inc. (C) sold $3 billion of notes earlier this week. The company conducted the sale in two parts. The first tranche was $2.25 billion of new notes due on August 9, 2020, with a coupon rate of 5.375%. The second tranche was of $750 million, consisting of the reopening...
9Aug2010 | vitalstocks | 0 comments | Continued(RBS) Royal Bank of Scotland Group Sells 318 Branches to Banco Santander
Royal Bank of Scotland Group plc.(RBS) has announced that it is selling its 318 branches and associated assets and liabilities to Santander UK plc., the U.K. unit of Banco Santander SA (STD). The selling price is at a premium of GBP350 million to net assets at closing. This business’...
9Aug2010 | vitalstocks | 0 comments | Continued(PNC) PNC Financial Services Group Gains $750 Million in Note Sale
PNC Financial Services Group Inc.’s (PNC) subsidiary, PNC Funding Corp., has raised $750 million by selling senior notes. The notes carry a coupon rate of 4.375% and mature on August 11, 2020. The offer size exceeded the initially planned $500 million. Bank of America Corp....
9Aug2010 | vitalstocks | 0 comments | Continued(CBEH) China Integrated Energy – Beat Earnings Expectations by 11%
China Integrated Energy, Inc. (CBEH) recently surprised on the Zacks Consensus for the fourth quarter in a row and continues to be bullish, raising its full year revenue guidance. China Integrated Energy distributes gasoline, petro-diesel and other petroleum products to retail...
9Aug2010 | vitalstocks | 0 comments | Continued(CSC) Computer Sciences Corporation Earnings Preview
Computer Sciences Corporation (CSC) is scheduled to announce its first quarter and fiscal year 2011 results on August 11, 2010 and we do not see substantial variation in analyst estimates at this point. Fourth Quarter Overview The company reported decent fourth quarter 2010...
9Aug2010 | vitalstocks | 0 comments | Continued