Archive for August, 2010
(CAH) Cardinal Health – Increased Dividend by 11%
Cardinal Health (CAH) is in a stable industry with steady revenues and a safe dividend. Growth and Income The company is expected to grow its EPS 10.8% over the next three to five years. The stock also offers investors a dividend yield of 2.3%. This Zacks #2 Rank stock trades...
6Aug2010 | vitalstocks | 0 comments | Continued(EK) Eastman Kodak Company – Bear of the Day
Eastman Kodak Company (EK) reported disappointing results for the second quarter of 2010 based on lower prices and higher raw material costs. We believe this will continue in the near future based on a slower market recovery. Thus, we reduced our earnings estimate for the quarter...
6Aug2010 | vitalstocks | 0 comments | Continued(JNPR) Juniper Networks Wins British Telecom Deal
Leading networking infrastructure products and services provider Juniper Networks Inc. (JNPR) recently announced that it would provide MX Series Universal Edge Routers to British Telecommunications Plc. Founded in the U.K., British Telecommunications is the wholly owned subsidiary...
6Aug2010 | vitalstocks | 0 comments | Continued(RBS) Royal Bank of Scotland Group Fined $8.9 Million by U.K. Financial Services Authority
Royal Bank of Scotland Group plc (RBS) has been fined £5.6 million ($8.9 million) by the U.K. Financial Services Authority (FSA). The fine follows the company’s failure to possess adequate systems and controls for preventing the violation of the U.K. financial sanctions. However,...
6Aug2010 | vitalstocks | 0 comments | Continued(GS) Goldman Sachs Group May Sell Proprietary Trading
Goldman Sachs Group Inc. (GS) is planning to spin off some or all of its proprietary trading businesses this month in order to abide by new regulations, according to a report on CNBC yesterday. The decision to spin off the proprietary trading businesses followed the regulatory...
5Aug2010 | vitalstocks | 0 comments | Continued(HIG) Hartford Financial Services Group Earnings Exceed – Profits Soar
Hartford Financial Services Group Inc. (HIG) reported its second-quarter adjusted earnings of $460.0 million or 92 cents per share, surpassing the Zacks Consensus Estimate of 73 cents. The improved showing in Hartford was attributable to higher profits despite market volatility...
5Aug2010 | vitalstocks | 0 comments | Continued(PEET) Peet’s Coffee & Tea Earnings Exceed Consensus Estimates
Peet’s Coffee & Tea Inc. (PEET) registered second-quarter earnings (excluding certain one-time items) of 31 cents a share, exceeding the Zacks Consensus Estimate of 29 cents by 6.9% and year-ago earnings of 26 cents by 19.2%. The better-than-expected results came in...
5Aug2010 | vitalstocks | 0 comments | Continued(SSS) Restaurant Industry Review – August 2010 – Industry Outlook
The second half of 2010 should continue to bring gradual improvements to restaurant industry fundamentals. The industry faced extremely tough challenges through the end of 2009 due to the economic turmoil that resulted in weak labor and tight credit markets, resulting in lower...
5Aug2010 | vitalstocks | 0 comments | ContinuedAugust 5, 2010 – AAII Sentiment Survey: Bearish Sentiment Stays Above Its Historical Average
Bullish sentiment, expectations that stocks will rise over the next six months, fell 9.6 percentage points to 30.4% in the latest AAII Sentiment Survey. The historical average is 39%. Neutral sentiment, expectations that stocks will stay essentially flat over the next six...
5Aug2010 | vitalstocks | 0 comments | Continued(DECK) Deckers Outdoor Corporation – Pristine Balance Sheet
Deckers Outdoor Corp. (DECK) recently rebounded from a key trend line to move within striking distance of the all-time high after reporting an awesome 130% Q2 earnings surprise in late July. Estimates have since jumped higher, helping create a unique combination of momentum and...
5Aug2010 | vitalstocks | 0 comments | Continued(ALNY) Alnylam Pharmaceuticals’ Second Quarter Loss Down on Lower Costs
Alnylam Pharmaceuticals Inc.’s (ALNY) second-quarter net loss of 35 cents per share was 20 cents below the loss per share in the second quarter of 2009. The Zacks Consensus Estimate indicated a loss of 30 cents per share for the reported quarter. The narrower year-over-year...
5Aug2010 | vitalstocks | 0 comments | Continued(CAM) Cameron International Tops – Overcomes Gulf of Mexico Crisis
Oil drilling equipment maker Cameron International Corp. (CAM) reported second quarter earnings per share (excluding special items) of 58 cents, surpassing the Zacks Consensus Estimate of 55 cents. The better-than-expected results were mainly driven by solid performance in the...
4Aug2010 | vitalstocks | 0 comments | Continued(CBS) CBS Beats The Street Consensus
CBS Corp. (CBS), a diversified media conglomerate, recently posted second-quarter 2010 results that topped the Zacks’ expectation and portrayed a substantial improvement from the year-ago quarter on the heels of a better operating environment and cost-containment efforts, thereby...
4Aug2010 | vitalstocks | 0 comments | Continued(WFMI) Whole Foods Market Tops Expectations – Pares Forecast
Whole Foods Market Inc. (WFMI), one of the leading natural and organic foods supermarkets, recently posted better-than-expected third-quarter 2010 results on the back of strong sales as shoppers flocked to the grocery chain. Quarterly Discussion Whole Foods’ quarterly...
4Aug2010 | vitalstocks | 0 comments | Continued(Q) Qwest Communications Beats Earnings Estimates by a Penny
Qwest Communications (Q), the third-largest U.S. local-phone service operator, announced second-quarter 2010 adjusted earnings per share of 10 cents, surpassing the Zacks Consensus Estimate of 9 cents and the year-ago earnings of 8 cents. Adjusted earnings exclude a one-time...
4Aug2010 | vitalstocks | 0 comments | Continued(SIRI) SIRIUS XM Announces Second Quarter 2010 Excellent Results
SIRIUS XM Radio Inc. (SIRI) declared highly encouraging financial results for the second quarter 2010. These were the combined results of double-digit growth in revenue, significantly higher net addition to its pay-radio services, and a meaningful improvement in ARPU. Quarterly...
4Aug2010 | vitalstocks | 0 comments | Continued(STD) Banco Santander SA on Acquisition Spree
Spain’s Banco Santander SA (STD) is on an acquisition spree. According to a report in Financial Times, the company has a number of acquisitions lined up in both the U.S. and the U.K. The Spanish banking giant is set to acquire 318 branches from the Royal Bank of Scotland Group...
4Aug2010 | vitalstocks | 0 comments | Continued(BAC) Bank of America Spins Off Private Equity Firm
Bank of America Corporation (BAC) has spun off its private equity wing Banc of America Capital Investors to form Ridgemont Equity Partners. Ridgemont will manage a portfolio of about $1.5 billion or approximately 23% of BofA’s private equity portfolio as of June 30, 2010. The...
4Aug2010 | vitalstocks | 0 comments | Continued(LECO) Lincoln Electric – Expected to Grow its Earnings Per Share 63.2%
Lincoln Electric (LECO) is leveraged to the welding markets around the globe. During the second quarter, the company experienced strong growth from diverse industries including shipbuilding, auto, and construction equipment. Business Lincoln Electric is the world leader in the...
4Aug2010 | vitalstocks | 0 comments | Continued(AMB) AMB Property Corporation – Bear of the Day
We are changing our long-term recommendation for AMB Property (AMB) to Underperform from Neutral as we anticipate the stock to perform well below the broader market. Fiscal 2010 earnings estimates were reduced by 11 out of 13 analysts covering the stock, while none increased...
4Aug2010 | vitalstocks | 0 comments | Continued(HGR) Hanger Orthopedic – Bull of the Day
We reiterate our Outperform recommendation on Hanger Orthopedic (HGR). Earnings for the last quarter beat the Zacks Consensus Estimate by a penny. Top-line growth was fueled by healthy contributions from patient-care and distribution businesses and acquisitions. Hanger is the...
4Aug2010 | vitalstocks | 0 comments | Continued(XRX) Xerox Aquires Benefits Subsidiary of Hewlett-Packard to Expand BPO
Xerox Corporation (XRX) recently completed the acquisition of a subsidiary of Hewlett-Packard (HPQ). ExcellerateHRO LLP (“EHRO”), a benefits subsidiary of HP, has been taken over by the recently annexed Xerox subsidiary Affiliated Computer Services (“ACS”) for $125 million. The...
4Aug2010 | vitalstocks | 0 comments | Continued(LZ) Lubrizol Corporation – Easily Beat Earnings Estimates in the Second Quarter
Lubrizol Corporation (LZ) did not disappoint in its recent earnings report as it crushed the Zacks Consensus Estimate for the third straight quarter and also raised full year guidance. What slowdown in the global economy? Founded in 1928, Lubrizol manufactures specialty chemicals...
4Aug2010 | vitalstocks | 0 comments | Continued(JBL) Jabil Circuit – Bull of the Day
Jabil Circuit’s (JBL) results continued to improve in each of the last four quarters. Estimates for the fourth quarter and full-year 2010 have soared following the company’s strong third quarter 2010 results that beat the Zacks Consensus Estimate. Third quarter 2010...
3Aug2010 | vitalstocks | 0 comments | Continued(PG) Procter & Gamble Quarterly Earnings Misses Street Estimates
Procter & Gamble Co. (PG) registered disappointing fourth quarter 2010 net earnings from continuing operations of 71 cents a share, which dipped 5% from 75 cents posted in the year-ago period. Earnings also missed the Zacks Consensus Estimate of 73 cents. However, P&G’s...
3Aug2010 | vitalstocks | 0 comments | Continued(CMA) Another Strong Earnings Season – The Dog That Didn’t Bark? – Earnings Trends
Key Points: Second quarter earnings season shaping up as a very strong one. So far 66.6% of firms reporting (333). Surprise ratio 4.63 with a 6.12% median surprise. Total net income grows 44.4%. Sales Surprise ratio at 1.83, median surprise 1.17%; 60% of all firms do better...
3Aug2010 | vitalstocks | 0 comments | Continued(CNI) Four Investment Ideas – Railroad Stocks to Own
During the economic downturn, the railroad industry suffered more than most industries. That’s because the railroad business is closely tied to economic growth. When the economy fell into a deep recession, there wasn’t much demand for rail transport. In response to the slowdown,...
3Aug2010 | vitalstocks | 0 comments | Continued(HPQ) Hewlett-Packard Settles Department Of Justice Litigation
As per the latest disclosure made by the largest computer maker Hewlett-Packard Co. (HPQ), the tech major has agreed to settle a lawsuit in principle imposed against it by the Department Of Justice (DOJ). The government body has previously accused Hewlett-Packard and other tech...
3Aug2010 | vitalstocks | 0 comments | Continued(JNPR) Juniper Networks Wins AT&T Deal
Leading networking infrastructure products and services provider Juniper Networks Inc. (JNPR) recently announced that it has been selected as a key networking supplier by the leading telecom company AT&T Inc. (T). Financial terms of the agreement were not disclosed. As per...
3Aug2010 | vitalstocks | 0 comments | Continued(AIG) Insurance Industry Stock Update – August 2010 – Industry Outlook
After enduring stress with respect to pricing pressure and reduced insured exposure through mid-2009, the overall health of the U.S. insurance industry has improved to a great extent in 2010. Though the market turmoil forced many companies to take immense write-downs, the worst...
3Aug2010 | vitalstocks | 0 comments | Continued