Archive for August, 2010
(JAKK) JAKKS Pacific – Bull of the Day
JAKKS Pacific (JAKK) posted second quarter 2010 results, which were way ahead of the Zacks Consensus Estimate. Although key brands like WWE, Hannah Montana and Pokemon continued to weigh on the company’s sales growth, improving consumer spending and cost-cutting initiatives...
25Aug2010 | vitalstocks | 0 comments | Continued(AIG) Securities and Exchange Commission Could Let Investors Shake Boardrooms
Among the deficiencies that led to the global financial crisis, weak strategies of corporate boards have been a major one. This could probably have been avoided, had more investors been allowed to place their director nominees. In an effort to address the flaws of managing companies...
25Aug2010 | vitalstocks | 0 comments | Continued(CMS) Medical Devices Industry Outlook – August 2010 – Zacks Analyst Interviews
Prelude The global medical devices industry is fairly large, intensely competitive and highly innovative with annual worldwide sales in 2009 in excess of $220 billion. The U.S. accounts for approximately 41% of this market. The industry is divided into different segments such...
25Aug2010 | vitalstocks | 0 comments | Continued(AA) Stock Market News for August 25, 2010
U.S. stocks plunged on Tuesday, falling to their seven-week lows, on renewed fears that the recession is beginning to spread its tentacles. A large drop in existing home sales also disappointed investors and helped send benchmark indexes sharply lower. The Dow industrials dropped...
25Aug2010 | vitalstocks | 0 comments | Continued(BAC) Company News for August 25, 2010 – Corporate Summary
• Big Lots (NYSE:BIG) reported second quarter earnings one cent better than Zacks expectations at 48 cents per share, as revenues rose 5.2% to $1.14 billion, slightly below Zacks expectations of $1.5 billion • Toll Brothers (NYSE:TOL) reported better-than-expected fiscal...
25Aug2010 | vitalstocks | 0 comments | Continued(HOT) Starwood Hotels & Resorts Worldwide Expands in India
Starwood Hotels & Resorts Worldwide Inc. (HOT) recently announced that it had signed a Non-Exclusive Master Agreement with D.I.H (Cyprus) Limited (an affiliate of Duet India Hotels Ltd.) and JHM Interstate Hotels India Pvt. Ltd. to facilitate the expansion of mid-market Four...
25Aug2010 | vitalstocks | 0 comments | Continued(DNB) The Dun & Bradstreet Corporation Trades Near Low of Historical Range
The Dun & Bradstreet Corporation (DNB) is currently trading at the low end of its historical range, which is a discount to the industry average. The company is well positioned to benefit from a recovery in the economic environment though we do not expect a strong rebound...
24Aug2010 | vitalstocks | 0 comments | Continued(PFE) Pfizer’s Developmental Candidate Sutent Disappoints Again
Pfizer Inc.’s (PFE) Sutent faced yet another development setback when the company announced that the candidate failed to achieve its primary endpoint in a late-stage study (SUN 1087) that was being conducted in patients suffering from non small-cell lung cancer (NSCLC). Results...
24Aug2010 | vitalstocks | 0 comments | Continued(YHOO) Yahoo Grabs Search Market Share
Yahoo’s (YHOO) share in the Web-search market grew nearly half a percentage point in July, but Google Inc. (GOOG), despite losing the ground to Yahoo, maintained its dominance in the U.S. search engine market, as shown by figures released by Internet market research company...
24Aug2010 | vitalstocks | 0 comments | Continued(RTN) Raytheon Earns $46.9 Million U.S. Navy Contract
Raytheon Co. (RTN) received a contract worth $46.9 million from the U.S. Navy to produce transmitter group, fire-control system and engineering for the shipboard Aegis weapons system. Raytheon will perform the work in Andover, Massachusetts, and in Sudbury, Massachusetts and...
24Aug2010 | vitalstocks | 0 comments | Continued(AN) AutoNation Analyst Upgrades Stock to Outperform
We have upgraded our long-term recommendation (6+ months) on the shares of AutoNation Inc. (AN) from Neutral to Outperform. This is based on its improved results and recent acquisitions. In the second quarter of 2010, AutoNation posted a 36% increase in profits (adjusted) to...
24Aug2010 | vitalstocks | 0 comments | Continued(CMS) Medical Devices Industry Outlook – August 2010 – Industry Outlook
Prelude The global medical devices industry is fairly large, intensely competitive and highly innovative with annual worldwide sales in 2009 in excess of $220 billion. The U.S. accounts for approximately 41% of this market. The industry is divided into different segments such...
24Aug2010 | vitalstocks | 0 comments | Continued(BA) Boeing Bids for Air Force B-52 Training Support Contract
Defense contractor The Boeing Company (BA) and team member ProActive Technologies LLC of Orlando, Florida have submitted a bid for the U.S. Air Force’s B-52 Training System Contractor Logistics Support (CLS) program. Under the contract, the companies are expected to provide...
24Aug2010 | vitalstocks | 0 comments | Continued(BHP) Company News Summary for August 24, 2010
• Big Lots (NYSE:BIG) reported second quarter earnings one cent better than Zacks expectations at 48 cents per share, as inline revenues climbed 5.2% to $1.14 billion • Medtronic (NYSE:MDT) posted second quarter earnings of 80 cents, below Zacks estimates of 82 cents, on...
24Aug2010 | vitalstocks | 0 comments | Continued(BA) Stock Market News for August 24, 2010
U.S. stocks dropped on Monday as economic worries prevailed over early-morning enthusiasm resulting from Hewlett’s Packard’s bid for 3Par. The takeover tussle for 3Par sent technology shares almost to the bottom of the decliners’ list as investors rushed to safe havens...
24Aug2010 | vitalstocks | 0 comments | Continued(GE) General Electric Wins Gets LNG Contract
The Oil & Gas business of General Electric Co. (GE) has entered into a supply and service agreement for the development of Papua New Guinea (PNG) LNG project. The project involves improvement of gas production and processing facilities of the plant. The project also includes...
24Aug2010 | vitalstocks | 0 comments | ContinuedWeekly Market Barometer for Week Ending August 20, 2010
This week’s barometer will be a little early and based on the data I took off Barchart at noon on Friday. Not a great week for the market despite all the glowing promises I heard about the economy. That’s why each week I step back from the headlines and use my 3 market...
24Aug2010 | Shawn | 0 comments | Continued(QLGC) QLogic Announced That They Gained Market Share
QLogic Corporation (QLGC) announced that the company has gained share in the 10 Gigabit Ethernet adapter market for the fifth consecutive quarter, ending June 2010. QLogic is a leading designer and supplier of storage networking, server networking, data networking and converged...
24Aug2010 | vitalstocks | 0 comments | Continued(ITT) ITT Wins $260 Million U.S. Army Research Contract
ITT Corporation (ITT) received contract of about $260 million for the enhanced night vision goggle (ENVG) system from the U.S. Army Research, Development & Engineering Command Acquisition Center. This is the second contract received by the company from the U.S. Army. ...
24Aug2010 | vitalstocks | 0 comments | ContinuedBiglari Holdings – Net Income More than Doubles
Biglari Holdings Inc. (BH) easily beat expectations recently and is now expected to triple earnings this year. Company Description Biglari Holdings is best known for its Steak n Shake restaurants, which has almost 500 locations. The company also runs over 100 other restaurants...
24Aug2010 | vitalstocks | 0 comments | Continued(EQIX) Equinix Expands Cloud Computing Service With Voxel
Global provider of network-neutral data centers and Internet exchange services for enterprises, content companies, systems integrators, and network service providers Equinix Inc. (EQIX), is in the process of expanding its cloud computing service network in association with Voxel,...
24Aug2010 | vitalstocks | 0 comments | Continued(DKS) Dick’s Sporting Goods Second Quarter Margin Improves
Dick’s Sporting Goods Inc. (DKS), an authentic full-line sporting goods retailer, posted impressive second quarter 2010 results, ended July 2010, on the heels of higher sales and improved margins. Quarterly earnings climbed to 43 cents a share from the year-ago level of...
24Aug2010 | vitalstocks | 0 comments | Continued(MGA) Magna International – Bull of the Day
Magna International (MGA) enjoys a strong competitive position in the automotive industry by virtue of its complete range of interior and exterior auto systems. The company is strengthening its positions in the emerging markets of Asia, Eastern Europe and Russia. It is also poised...
24Aug2010 | vitalstocks | 0 comments | Continued(AMZN) Amazon.com – Bear of the Day
Amazon.com (AMZN) is one of the largest online retailers in the world. However, recent growth initiatives have significantly increased the cost structure and related revenue streams appear uncertain as of now. Consequently, we have lowered our EPS estimates for the rest of the...
24Aug2010 | vitalstocks | 0 comments | Continued(STD) Banco Santander SA on Acquisition Spree
Banco Santander SA (STD) is on an acquisition spree. The company is intending to acquire a stake in Bank Zachodni WBK, a Polish Bank. In fact, Santander is planning to buy three overseas businesses from Allied Irish Banks (AIB), according to a report in the Financial Times. As...
23Aug2010 | vitalstocks | 0 comments | Continued(MDVN) Medivation Analyst Reiterates Neutral Rating
We recently reiterated our Neutral recommendation on biopharmaceutical company Medivation Inc. (MDVN). Medivation, which currently does not have any marketed product in its portfolio, focuses on the development of novel small molecule drugs for the treatment of serious diseases...
23Aug2010 | vitalstocks | 0 comments | Continued(EAT) Brinker International Second Quarter Earnings Scorecard
Brinker International Inc. (EAT) primarily engaged in the ownership, operation, development and franchising of various restaurant brands, posted fourth quarter and fiscal 2010 results on August 12, 2010. The company’s adjusted earnings for both fourth quarter and fiscal 2010...
23Aug2010 | vitalstocks | 0 comments | Continued(THC) Tenet Healthcare Repurchases Up To $800 Million in Senior Notes
Tenet Healthcare Corporation (THC) declared a tender offer to repurchase up to $800 million aggregate principal amount of its outstanding 7.375% senior notes due in 2013. Tenet will close its tender offer on August 30. The aggregate principal amount of the notes to be purchased...
23Aug2010 | vitalstocks | 0 comments | Continued(MRVL) Marvell Technology Group Reports Encouraging Second Quarter
Marvell Technology Group Ltd. (MRVL) reported second quarter fiscal 2011 adjusted earnings per share (EPS) of 36 cents, ahead of the Zacks Consensus Estimate of 35 cents. The adjusted earnings per share exclude amortization of intangible assets and restructuring charges, but...
23Aug2010 | vitalstocks | 0 comments | Continued(ALU) 4G Technology Showdown – Long Term Evolution vs. WiMax
by Tony Daltorio, Investment U Research Monday, August 23, 2010 About 30 years ago, VHS and Betamax dueled to rule the video recording technology world. Today, those two technologies never existed for all that many consumers now. Instead, the big technology debate is all...
23Aug2010 | InvestmentU | 0 comments | Continued