Archive for August, 2010
(UAUA) UAL Corporation – Revenue for the Period Was Up 28%
UAL Corp. (UAUA) just hit a new multi-year high after reporting its first quarterly profit since 2007 that included an 11% earnings surprise. Estimates have since turned higher, providing some nice upward momentum for this Zacks #1 rank stock. Company Description UAL Corp.,...
2Aug2010 | vitalstocks | 0 comments | Continued(CVX) Chevron Second Quarter 2010 Profits Shoot Up
Chevron Corporation (CVX) — the second largest U.S. oil company — reported a jump in its second-quarter 2010 profits. As has been the case with the other integrateds that have already reported, such as ExxonMobil (XOM), ConocoPhillips (COP) and Royal Dutch Shell PLC...
2Aug2010 | vitalstocks | 0 comments | Continued(FLS) Flowserve Second Quarter 2010 Earnings Ahead of Consensus
Flowserve Corp. (FLS) reported second quarter 2010 earnings per share from continuing operations of $1.72, exceeding the Zacks Consensus Estimate of $1.65. Earnings per share, excluding realignment charges of 10 cents, were higher primarily due to an improvement in gross margin...
2Aug2010 | vitalstocks | 0 comments | Continued(STJ) St. Jude Medical Earnings Scorecard
St. Jude Medical Inc. (STJ) posted solid second quarter fiscal 2010 results on July 22, 2010, with adjusted earnings per share of 79 cents cruising past the Zacks Consensus Estimate of 73 cents (representing a 8.22% positive surprise), buoyed by healthy revenue growth across...
2Aug2010 | vitalstocks | 0 comments | Continued(MCO) Rating Outlook Falls for Big Banks
The rating outlooks for big banks have been lowered by Moody’s Investor Service, a part of Moody’s Corporation (MCO). The rating agency has tempered its outlook for Bank of America Corporation (BAC) (or BofA) , Citigroup Inc. (C) and Wells Fargo & Company (WFC) to “negative”...
2Aug2010 | vitalstocks | 0 comments | Continued(CVH) Coventry Health Care Earnings Report Raises Forward Outlook
On July 30, 2010, Coventry Health Care Inc. (CVH) reported second-quarter income from continuing operations of $149.2 million or $1.01 per share, exceeding the Zacks Consensus Estimate of 57 cents. This also compares favorably with income of $67.7 million or 46 cents in the year-ago...
2Aug2010 | 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...
2Aug2010 | vitalstocks | 0 comments | Continued(DGX) Quest Diagnostics – Bear of the Day
Quest Diagnostics (DGX) second-quarter EPS of $0.89 beats the Zacks Consensus Estimate by a penny and the year-ago quarters by 7 cents. However, revenues declined 1.4% to $1.9 billion, driven by a decline in both volume and pricing. Meanwhile, the company proactively negotiated...
2Aug2010 | vitalstocks | 0 comments | Continued(FAST) Fastenal – Balance Sheet Looks Solid
Fastenal (FAST) shares look expensive, trading at 28x 2010 consensus EPS estimates. However, given the company’s stellar growth prospects over the next few years, Fastenal’s P/E multiple is reasonable. Business Fastenal operates as a wholesaler and retailer of industrial...
2Aug2010 | vitalstocks | 0 comments | Continued(STT) State Street Corporation Looks to Surpass Estimates
State Street Corp. (STT) said on Wednesday that it expects to report second quarter 2010 operating earnings of 93 cents, which would easily beat the Zacks Consensus Estimate of 72 cents. Operating earnings for the quarter exclude a one-time tax benefit of $180 million or 36 cents...
1Aug2010 | vitalstocks | 0 comments | Continued(UPS) United Parcel Service – Expects First-Quarter Trends to Continue Through 2010
United Parcel Service (UPS) is levered to a growing economy and offers a decent dividend yield to boot. Growth and Income The company is expected to grow its EPS 42% in 2010, 20% in 2011, and 13% over the long term. It also has a dividend yield of 3.1%. UPS is a Zacks #2 Rank...
1Aug2010 | vitalstocks | 0 comments | Continued(HRS) Harris Corporation Announces More Contract Wins
Harris Corporation (HRS) won a 30-month, $25 million contract under the Network-Centric Solutions (NETCENTS) contract vehicle. As per the terms of the contract, Harris will upgrade network infrastructure at 15 Air National Guard (ANG) sites by providing an integrated, high-bandwidth,...
1Aug2010 | vitalstocks | 0 comments | Continued(HON) Honeywell International Signs Chinese Aircraft Deal
Honeywell International Inc. (HON), a worldwide provider of diversified technology and manufacturing services, has entered into an agreement to supply fly-by-wire flight control system for the C919 airliner of Commercial Aircraft Corporation of China Ltd. (“COMAC”). The...
1Aug2010 | vitalstocks | 0 comments | Continued(FLR) The Global Infrastructure Boom
by Tony Daltorio, Investment U Research Thursday, July 15, 2010 This world is in desperate need of infrastructure. The Cohen & Steers 2009 Global Infrastructure Report shows that clearly enough. Over the next 25 years, the world should spend $40 trillion on such projects....
1Aug2010 | InvestmentU | 0 comments | Continued(ADCT) Tyco Snaps Up ADC Telecommunications The Fiber-Optics Industry
by Alexander Moschina, Investment U Research Thursday, July 15, 2010 There’s nothing like a good corporate takeover to get the market’s pulse racing – and dump money into investors’ portfolios in the process. The latest case of buyout-driven gains comes from ADC Telecommunications...
1Aug2010 | InvestmentU | 0 comments | Continued(HPQ) Hewlett-Packard Provides Security to U.S. Department of Health and Human Services
The world’s largest personal computer and server manufacturer Hewlett-Packard Co. (HPQ) announced that its security product suite will provide assistance to the U.S. Department of Health and Human Services (DHHS). To protect its eco system from cyber-threats, the DHHS will...
1Aug2010 | vitalstocks | 0 comments | Continued(V) Visa Ventures to Save Merchants
In order to protect its merchants from fraud, Visa Inc. (V) launched a global effort to reduce the amount of information stored in the merchant account payment systems. Fraudulent card transactions are on the rise with the increase usage of credit cards on the Internet. Frauds...
1Aug2010 | vitalstocks | 0 comments | Continued(GOOG) Google Misses Earnings Expectations but Cites Progress
As many analysts and investors had begun to speculate over the course of Google’s (GOOG) 2nd quarter 2010, the Internet giant missed estimates, posting EPS of $5.71 per share (Zacks accounts for stock-based compensation) on revenues of $6.82 billion in the quarter. The...
1Aug2010 | vitalstocks | 0 comments | Continued(GOOG) Google Disappoints – Shares Slide
Google Inc.’s (GOOG) second quarter earnings missed the Zacks Consensus by 7 cents on revenues that beat by 37.1%. This is a very big miss for Google, which is the leader in online search. Of course, analysts have been cautious about Google’s second quarter results, because...
1Aug2010 | vitalstocks | 0 comments | Continued(GE) General Electric Beats Estimates
General Electric Company (GE) reported earnings per share from continuing operations of 30 cents for the second quarter of 2010, exceeding the Zacks Consensus Estimate of 27 cents. Segment profit increased 8% compared to the prior-year quarter with 93% growth at GE Capital, 13%...
1Aug2010 | vitalstocks | 0 comments | Continued(PLCM) Polycom Beats Earnings – Remains Challenged
Yesterday, Polycom Inc. (PLCM) declared its second quarter 2010 financial results that beat the Zacks Consensus Estimate. GAAP net income for the second quarter was $12.6 million or 14 cents per share compared with a net income of $15.3 million or 18 cents per share in the prior-year...
1Aug2010 | vitalstocks | 0 comments | Continued(DVN) Energy Information Administration Reports Natural Gas Builds In Line
The federal government’s Energy Information Administration (“EIA”) reported an in line increase in natural gas supplies, as the effects of warmer-than-normal temperatures in the Northeast (that boosted demand in the electric power sector) were mitigated by the Independence...
1Aug2010 | vitalstocks | 0 comments | Continued(NTT) Nippon Telegraph & Telephone Consolidating Cloud Computing
Nippon Telegraph & Telephone Corp. (NTT), the largest integrated telecom operator in Japan, has taken a major strategic move to boost its cloud computing and integrated communications services business. The company has decided to acquire South Africa-based leading global...
1Aug2010 | vitalstocks | 0 comments | Continued(AAPL) Is Apple the Perfect Growth Stock?
by Alexander Green, Chief Investment Strategist Monday, July 19, 2010: Issue #1304 I’ve often said that my stock-picking approach can be boiled down to this mantra: Share prices follow earnings. I challenge you to look back through history and find even a single company...
1Aug2010 | InvestmentU | 0 comments | Continued(AMGN) Amgen Drug Priority Review
Amgen (AMGN) recently announced that it has received priority review status from the US Food and Drug Administration (“FDA”) for its Biologics License Application (“BLA”) for denosumab. Amgen is looking to get denosumab approved for delaying skeletal related...
1Aug2010 | vitalstocks | 0 comments | Continued(NOK) Nokia Corporation Earnings Preview
Nokia Corp. (NOK), the world’s largest mobile phone manufacturer, will declare its second quarter 2010 financial results on July 22, before market opens. The extremely competitive mobile handset market and the increasing focus on smartphones are threatening Nokia’s profitability. Moreover,...
1Aug2010 | vitalstocks | 0 comments | Continued(CSC) Computer Sciences Corporation Upgrades Platform
Virginia-based software major Computer Sciences Corporation (CSC) has completed the upgrade of its hardware technology platform for 82 Federal Aviation Administration (FAA) remote sites. Financial details on the deal were not divulged. The hardware upgrade will facilitate in...
1Aug2010 | vitalstocks | 0 comments | Continued(AYE) Allegheny Energy Redeems Debt
In a process to strengthen its balance sheet, Allegheny Energy Inc. (AYE) announced that its unit, Energy Supply Company, LLC (AE Supply), will redeem all outstanding $150.5 million 7.80% Medium Term Notes due on 2011. Allegheny ended the first quarter of 2010 with cash and cash...
1Aug2010 | vitalstocks | 0 comments | Continued(TXN) Texas Instruments Market Share Gains to Continue
Texas Instruments Inc. (TXN) reported second quarter earnings that were up 20.1% sequentially and 159.9% year over year, beating the Zacks Consensus estimate by 2 cents. The strong earnings growth was driven by healthy revenues (although just short of our estimate), a better...
1Aug2010 | vitalstocks | 0 comments | Continued(BP) A List of Cheap – Big-Cap Stocks
There are a lot of cheap stocks out there, but I wanted to find a list of some of the cheapest that were large enough for just about any investor to consider buying. All of the stocks on the list below have Market Capitalizations of more than $6 billion (I screened for $5 billion...
1Aug2010 | vitalstocks | 0 comments | Continued