Archive for August, 2010
(RTN) Raytheon Wins $56 Million Navy Contract
Aerospace and defense operator Raytheon Company (RTN) announced that it has received a contract worth $56 million from the U.S. Navy to supply sonar equipment. The sonar technology is used primarily by Navy submarines, planes and ships to detect enemy vessels, and also for effective...
23Aug2010 | vitalstocks | 0 comments | Continued(CPKI) California Pizza Kitchen Expands in South Korea
California Pizza Kitchen Inc. (CPKI), based in Los Angeles, recently announced that it has opened a 3,000 square feet restaurant, which accommodates a seating arrangement for 110 guests in Seoul, South Korea. This is California Pizza Kitchen’s fourth restaurant in South...
23Aug2010 | vitalstocks | 0 comments | Continued(AIG) American International Group International Lease Finance Unit Repays US Loan
International Lease Finance Corp. (“ILFC”), an aircraft-leasing wing of American International Group Inc. (AIG), has repaid the US government loan of $3.9 billion, following the debt offering of $4.4 billion of secured and unsecured notes. ILFC now has a principal loan balance...
23Aug2010 | vitalstocks | 0 comments | Continued(DISH) DISH Network Second Quarter Earnings Scorecard
Tremendous increase in subscriber related revenues led DISH Network Inc. (DISH) to post excellent second quarter 2010 financial results. The results significantly beat the Zacks Consensus Estimate. However, the loss of net subscribers makes some analysts skeptical regarding DISH...
23Aug2010 | vitalstocks | 0 comments | Continued(OPTR) Optimer Pharmaceuticals Gets Good News
Recently, Optimer Pharmaceuticals, Inc. (OPTR) received a boost with the European Medicines Agency accepting the Marketing Authorization Application (MAA) filed by the company for its candidate fidaxomicin. Optimer is seeking marketing approval of the drug for treating patients...
23Aug2010 | vitalstocks | 0 comments | ContinuedStealth Stocks Weekly Update From Dennis Slothower For Monday, August 23, 2010
Summary of Recommendations Remain defensive (cash / money markets) as the market is subject to wild swings as fundamentals deteriorate and the Fed continues to prop up stock prices in roller coaster conditions. Market Commentary Stocks drifted lower Monday as a fresh round of...
23Aug2010 | vitalstocks | 0 comments | Continued(JAZZ) Jazz Pharmaceuticals JZP-6 Faces US Food and Drug Administration Setback
Jazz Pharmaceuticals Inc. (JAZZ) recently announced that the US Food and Drug Administration’s (FDA) joint advisory committee voted against the approval of the company’s fibromyalgia treatment, JZP-6. The agency’s Arthritis Advisory Committee and the Drug Safety and Risk...
23Aug2010 | vitalstocks | 0 comments | Continued(DELL) Hewlett-Packard Counter-Bids for 3PAR
Within a week after Dell Inc. (DELL) announced an agreement to acquire 3PAR Inc. (PAR) for a total consideration of $1.15 billion, the world’s largest PC maker, Hewlett-Packard Co. (HPQ) made a counter bid. The intense contest for 3PAR is reflective of both Dell and HP’s...
23Aug2010 | vitalstocks | 0 comments | Continued(IGT) International Game Technology Offers New Games
A leader in designing, manufacturing and marketing games, International Game Technology (IGT) announced to launch new games and network system products at the 2010 Oklahoma Indian Gaming Association Tradeshow (OIGA) that will be held on August 23and 24 in Tulsa. The company’s...
23Aug2010 | vitalstocks | 0 comments | Continued(BAC) Bank of America Corporation Ratings Upgraded by Fitch
On Friday, Bank of America Corporation’s (BAC) individual and preferred stock ratings were upgraded by Fitch Ratings. The rating upgrades reflect the company’s efforts to enhance liquidity and improve asset quality trends across various loan portfolios. Fitch upgraded BofA’s...
23Aug2010 | vitalstocks | 0 comments | Continued(CRM) Salesforce Second Quarter Earnings Reports Shows Revenue Up
Salesforce.com (CRM) reported second quarter fiscal 2011 adjusted net income per share of 16 cents, which surpassed the Zacks Consensus Estimate by 2 cents. The adjusted earnings per share excluded amortization of purchased intangibles and debt discounts as well as the associated...
23Aug2010 | vitalstocks | 0 comments | Continued(AAPL) Insider Buying is a Powerful, Reliable Indicator?
by Karim Rahemtulla, Advisory Panelist Tuesday, August 17, 2010: Issue #1325 If you think there are no investment opportunities out there, think again. Sure, it’s not easy to find them in a market that is all over the place at the moment. But it certainly helps if you know...
23Aug2010 | InvestmentU | 0 comments | Continued(BWLD) Buffalo Wild Wings Analyst Upgrades Shares
We are upgrading our rating on Buffalo Wild Wings Inc. (BWLD) to Outperform. The rating upgrade is based on second quarter 2010 earnings, which were well ahead of the Zacks Consensus Estimate, primarily driven by double-digit growth in the top line and lower chicken wing prices....
23Aug2010 | vitalstocks | 0 comments | Continued(CATO) Cato Corporation – Same Store Sales Rise 2% in the Second Quarter
Cato Corporation (CATO) recently beat the Zacks Consensus for the 4th quarter in a row as sales rose 3% from the year ago period. Cato Corporation is a specialty retailer. Female shoppers are familiar with the Cato brands: Cato and It’s Fashion. The company sells value-oriented...
23Aug2010 | vitalstocks | 0 comments | Continued(WABC) U.S. Economy Hits 118 Bank Failures in 2010
The ongoing economic volatility took its toll on a few more banks last week. Eight more banks including ShoreBank, a big community bank based in Chicago, were shuttered by the U.S. regulators on Friday. This takes the total number of bank failures to 118 so far in 2010, compared...
23Aug2010 | vitalstocks | 0 comments | Continued(APC) U.S. Energy Information Administration Reports Natural Gas Supplies Exceed 3 Tcf
The federal government’s Energy Information Administration (“EIA”) reported a modestly lower-than-expected increase in natural gas supplies, as warmer-than-normal temperatures led to increased electric generation demand for the commodity. Stockpiles held in underground...
23Aug2010 | vitalstocks | 0 comments | Continued(HPQ) Hewlett-Packard Quarterly Earnings in Line With Forecasts
Hewlett-Packard (HPQ) reported its third quarter 2010 earnings per share (EPS) of $1.08, exactly in line with the Zacks Consensus Estimate. However, revenue of $30.7 billion exceeded the Zacks Consensus Estimate of $30.3 billion. Revenues Revenues increased 11.0% from $27.6...
23Aug2010 | vitalstocks | 0 comments | Continued(NOK) Nokia Acquires Motally, a Mobile Browsing Analytics Service
Nokia Corp. (NOK), the largest mobile phone manufacturer of the world, acquires privately held Motally Inc, an in-application tracking and reporting and mobile browsing analytics service provider. Acquisition of Motally will enable application developers and publishers to track...
23Aug2010 | vitalstocks | 0 comments | Continued(WDFC) WD-40 Company – Surprised on Earnings Four Quarters in a Row
WD-40 Company (WDFC) recently announced it expected its fiscal 2010 earnings per share would meet or top its previously issued guidance. WD-40 manufactures 3 multi-purpose maintenance brands, WD-40, 3-IN-ONE and Blue Works, and 8 homecare and cleaning brands including 2000 flushes...
23Aug2010 | vitalstocks | 0 comments | Continued(BHP) Stock Market News for August 23, 2010 – Market News
Stocks fell for a second consecutive week as persistent worries about the economy continued to weigh on investor sentiments. Concerned that the economy would slide back into recession, investors chose to stay away from stocks and flew to the safety of government debt. The Dow...
23Aug2010 | vitalstocks | 0 comments | Continued(LBTYA) Liberty Global Analyst Upgrades Stock to Neutral
We upgrade our recommendation for Liberty Global Inc. (LBTYA) to Neutral based on our assessment that the company’s top line may improve in future due to solid growth in Chile and Australia. Liberty Global is the dominant cable operator in these markets, which are relatively...
23Aug2010 | vitalstocks | 0 comments | Continued(ASTM) Aastrom Biosciences Has Big Catalysts Ahead
In July 2010, we initiated coverage of Aastrom Biosciences (ASTM) with a Neutral rating and a $2.50 price target. Aastrom is pioneering the research effort on adult stem cells for therapeutic applications, specifically for the treatment of cardiovascular diseases such as critical...
23Aug2010 | vitalstocks | 0 comments | Continued(LLY) Eli Lilly’s Cymbalta to See US Food and Drug Administration Panel Review
Eli Lilly’s (LLY) Cymbalta will be coming up for review before the US Food and Drug Administration’s (FDA) Anesthetic and Life Support Drugs Advisory Committee on Aug 19, 2010. Eli Lilly is seeking to expand Cymbalta’s label so that the product can be used for the management...
23Aug2010 | vitalstocks | 0 comments | Continued(WYN) Wyndham Worldwide – Optimistic Outlook
Wyndham Worldwide (WYN) and analysts are bullish on the future for the global hotel company. Company Description Wyndham Worldwide has about 7,200 hotels world wide in addition to a 3.8 million member Exchange & Rental program with more than 80,000 locations. Rising Revenues On...
23Aug2010 | vitalstocks | 0 comments | Continued(SI) German Economic Growth Engine Revs Up
by Tony D’Altorio, Investment U Research Wednesday, August 18, 2010 The German economy jumped in the second quarter, helping eurozone GDP to rise 1%. The land of bratwurst and beer rose 2.2% quarter-on-quarter, equal to a 9.1% annual rate. That kind of emerging market growth...
23Aug2010 | InvestmentU | 0 comments | Continued(URBN) Urban Outfitters’ Second Quarter 2010 Earnings Top Estimates
Urban Outfitters, Inc. (URBN) recently posted second-quarter 2010 results that exceeded expectations due to top-line growth and effective inventory and cost management. Quarterly earnings for this retailer of apparel, footwear, and accessories reached 42 cents per share, surpassing...
23Aug2010 | vitalstocks | 0 comments | Continued(XOM) ExxonMobil Blocked from Kosmos Energy’s Jubilee Field by Ghana Government Pressure
ExxonMobil Corp. (XOM) stepped back from its decision to buy a stake of Kosmos Energy’s Jubilee oil field in Ghana. The deal was for $4 billion. The oil giant was compelled to cancel the deal due to extreme pressure from Ghana government and strong resistance from the state...
23Aug2010 | vitalstocks | 0 comments | Continued(APL) Atlas Pipeline Partners to Dominate Largest-Ever Natural Gas Discovery in U.S.
by Alexander Moschina, Investment U Research Thursday, August 19, 2010 Just because a company is selling off its assets doesn’t mean disaster is afoot. Sometimes it’s just a move to free-up capital for growth projects. That’s the case with Atlas Pipeline Partners, LP...
23Aug2010 | InvestmentU | 0 comments | Continued(TRBN) Trubion Pharmaceuticals Trims Size of Quarterly Loss
Trubion Pharmaceuticals Inc. (TRBN) posted a loss of 28 cents per share during the second quarter of 2010, narrower than the Zacks Consensus Estimate for a loss of 34 cents and also narrower than the year-ago loss of 37 cents. Higher revenues earned during the quarter helped...
23Aug2010 | vitalstocks | 0 comments | Continued(HAL) Halliburton-Shell Execute Letter of Agreement to Develop Majnoon Field in Iraq
The Houston-based oilfield services company, Halliburton Company (HAL) has received a letter of intent (LOI) from Shell Iraq Petroleum Development BV to develop the Majnoon field in Southern Iraq. Under the terms of the agreement, Halliburton will serve as project manager for...
23Aug2010 | vitalstocks | 0 comments | Continued