Archive for August, 2010
(CAH) Cardinal Health and Cumberland Pharmaceuticals Sign Deal
Cardinal Health (CAH), one of the largest distributors of pharmaceuticals and medical supplies, has reportedly inked a distribution agreement with Nashville, Tennessee-based Cumberland Pharmaceuticals (CPIX), a specialty pharmaceutical firm focused on the acute-care hospital...
22Aug2010 | vitalstocks | 0 comments | Continued(LMT) Lockheed Martin Corporation Wins $113 Million in Contracts
Lockheed Martin Corporation (LMT) received three contracts from the U.S. Air Force relating to logistics and research, the combined value of which is $113 million. Lockheed’s Space System division won two contracts. The first one is a $90.5 million contract modification...
22Aug2010 | vitalstocks | 0 comments | Continued(WMT) Wal-Mart Quarterly Earnings Barely Beats Expectations
Retailing behemoth Wal-Mart Stores Inc. (WMT) reported a 9% growth in fiscal 2011 second-quarter adjusted EPS to 97 cents from 89 cents in the year-ago period. The result edged past the Zacks Consensus Estimate of 96 cents per share and came in line with the company’s view...
22Aug2010 | vitalstocks | 0 comments | Continued(HAL) Halliburton Activates Shale Hydraulic Operation in Poland
One of the largest oilfield service providers Halliburton Company (HAL) executed the first ever shale hydraulic fracturing operation in Poland. The company performed this operation for PGNiG, the state-owned Polish oil and gas company. Halliburton was contracted by PGNiG to fracture...
22Aug2010 | vitalstocks | 0 comments | Continued(UTX) United Technologies Corporation Powers US Military Satellite
With the help of Pratt & Whitney Rocketdyne, a unit of United Technologies Corporation (UTX), the US military has successfully launched its first Advanced Extremely High Frequency military communications satellite into orbit. The satellite was launched by a United Launch...
22Aug2010 | vitalstocks | 0 comments | Continued(LOW) Lowe’s Companies Misses Consensus Estimates
Lowe’s Companies, Inc. (LOW) recently posted lower-than-expected second-quarter 2010 results. Quarterly earnings of 58 cents per share missed the Zacks Consensus Estimate by a penny but rose 13.7% from 51 cents in the prior-year quarter. The growth in the top-line and cost...
22Aug2010 | vitalstocks | 0 comments | Continued(WLP) WellPoint Second Quarter 2010 Earnings Scorecard
Following the release of second quarter results on July 28, 2010, the majority of analysts covering WellPoint Inc. (WLP) made upward revisions to their fourth-quarter and 2010 annual estimates. However, third-quarter of 2010 and 2011 annual estimates witnessed more of a downward...
22Aug2010 | vitalstocks | 0 comments | Continued(WPPGY) WPP Group Announces Acquisition of Digitaria Interactive
WPP Group plc (WPPGY), through its subsidiary, has acquired US-based Digitaria Interactive Inc., which is a renowned digital agency that concentrates in transferring brands to Web applications, devices, appliances, multimedia and other digital media platforms. Based in San Diego,...
22Aug2010 | vitalstocks | 0 comments | Continued(JCP) J.C. Penney 2010 Second Quarter Earnings Beat Expectations – Outlook Disappoints
J.C. Penney Company Inc. (JCP) recently delivered second-quarter 2010 results that came a penny ahead of the Zacks Consensus Estimate on the heels of effective cost management. The quarterly earnings of 6 cents per share beat the Zacks Consensus Estimate of 5 cents, and rose...
22Aug2010 | vitalstocks | 0 comments | Continued(JNS) Janus Capital Group Analyst Reiterates At Neutral
We have reiterated our recommendation on Janus Capital Group Inc. (JNS) at Neutral following the company’s earnings release. Our decision is based on the company’s fundamentals and the current economic scenario. Second Quarter Performance Janus Capital’s earnings per share...
22Aug2010 | vitalstocks | 0 comments | Continued(VZ) Verizon Announces iPad Live TV Application Launch
Verizon Communications (VZ) plans to launch a software application for mobile devices that will enable the FiOS TV customers to watch live television shows and movies on Apple Inc.‘s (AAPL) iPad. FiOS TV customers can watch one program through Verizon’s set-top box...
22Aug2010 | vitalstocks | 0 comments | Continued(CEO) CNOOC 2010 First Half Earnings Report is Robust
CNOOC Ltd. (CEO) reported its first-half 2010 results. Net profit in the period increased 109.6% year over year to 25.99 billion yuan ($3.8 billion).Earnings per share were 58 yuan per ADR ($8.5). Total revenue in the period was 83.16 billion yuan ($12.2 billion), up 104.6% from...
21Aug2010 | vitalstocks | 0 comments | Continued(CAT) Caterpillar Announces Robust Growth
Caterpillar Inc. (CAT), citing robust growth across all regions, reported a 32% year-over-year jump in global sales for the three-month rolling period ended July 2010, a stark contrast to the 48% drop in sales in the comparable year-ago period. In May 2010, the company had recorded...
21Aug2010 | vitalstocks | 0 comments | Continued(CHH) Choice Hotels International Sells $250 Million Senior Notes
Choice Hotels International Inc (CHH), a hotel franchisor worldwide, announced its offer of $250 million senior notes, which have an interest rate of 5.7% and will mature in 10 years. The offering is expected to close by August 25, 2010. Silver Spring, Maryland based company...
21Aug2010 | vitalstocks | 0 comments | Continued(MCO) Moody’s React to Fertilizer Activity
Ratings agency Moody’s Investors Service, an affiliate of Moody’s Corporation (MCO) has recently confirmed its ‘Baa1′ senior secured ratings on Potash Corporation of Saskatchewan (POT) and downgraded its outlook to “Developing” from “Stable”,...
21Aug2010 | vitalstocks | 0 comments | ContinuedWeekly Market Barometer For Week Ending August 20th
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...
21Aug2010 | Shawn | 0 comments | Continued(CSIQ) Canadian Solar’s Quarterly Earnings A Penny Light
Canadian Solar Inc. (CSIQ) reported adjusted EPS of 3 cents for the first quarter of fiscal 2010, which fell short of the Zacks Consensus Estimate at 4 cents. The company also beat the year-ago quarterly loss of 13 cents. The delay in releasing its quarterly numbers was due to...
21Aug2010 | vitalstocks | 0 comments | Continued(CEPH) Cephalon Files Lawsuit Against Apotex – Several Companies Challenging Nuvigil Patent
In a recent filing with the US Securities and Exchange Commission (SEC), Cephalon Inc. (CEPH) announced that it has filed a lawsuit in the US District Court in Delaware against Apotex Corp. and Apotex Inc. Apotex is seeking to launch a generic version of Cephalon’s sleep franchise...
21Aug2010 | vitalstocks | 0 comments | Continued(VCLK) ValueClick Expands Business With LucidMedia Partnership
A leading provider of Internet advertising solutions and online marketing services, ValueClick Inc. (VCLK) entered into a partnership agreement with the leading digital media management solution provider LucidMedia. Under the terms of the agreement, ValueClick will add LucidMedia’s...
21Aug2010 | vitalstocks | 0 comments | Continued(AGU) Agrium Wants Expedient Merger
Agrium Inc. (AGU) and AWB Ltd. have signed a definite agreement with respect to the merger proposed on Aug 15, 2010. AWB accepted Agrium’s A$1.24 billion (US $1.19 billion) acquisition offer discarding Australian grain maker, GrainCorp Limited’s all-stock proposal...
21Aug2010 | vitalstocks | 0 comments | Continued(DLTR) Dollar Tree’s Quarterly Earnings Top Estimates
Dollar Tree Inc. (DLTR) reported second quarter earnings per share of 61 cents, beating the Zacks Consensus Estimate of 54 cents and the prior-year result of 42 cents. The quarter was aided by robust sales attributed to increased traffic and higher average ticket. In the second...
21Aug2010 | vitalstocks | 0 comments | Continued(MA) MasterCard Announces They Will Buy DataCash Group
Basking from a good quarter, on Thursday, MasterCard Inc. (MA) agreed to purchase a European payment service provider, DataCash Group plc, for 360 pence per share, totaling to approximately £333 million or $520 million. The deal is scheduled to close by the end of October 2010,...
21Aug2010 | vitalstocks | 0 comments | Continued(BAC) Bank of America Leads in Home Affordable Modification Program – Pace Slowing
On Wednesday, Bank of America Corporation (BAC) announced that it has the maximum involvement in the U.S. government’s Home Affordable Modification Program (HAMP), with more than 76,300 modifications till July 2010. Apart from that, about 100,000 customers who did not qualify...
21Aug2010 | vitalstocks | 0 comments | Continued(BAC) Bank of America Unit Merrill Lynch Fined by Financial Industry Regulatory Authority
On Wednesday, Merrill Lynch, a part of Bank of America Corporation (BAC), was charged $0.5 million by the Financial Industry Regulatory Authority (FINRA) for failing to provide sales charge discounts to its customers who had purchased unit investment trusts (UITs). Merrill Lynch...
20Aug2010 | vitalstocks | 0 comments | Continued(AMAT) Applied Materials Grows But Earnings Miss Expectations
Applied Materials’ (AMAT) third quarter earnings missed the Zacks Consensus by 8 cents. This was in spite of the revenue beat of 6.1% and mainly on account of a higher-contribution from the loss-making EES unit (even excluding the one-time inventory adjustments, EES segment...
20Aug2010 | vitalstocks | 0 comments | Continued(NTAP) Network Appliances Reports Solid First Quarter Earnings
Network Appliances Inc. (NTAP) reported first quarter fiscal 2011 adjusted earnings per share (EPS) of 41 cents, exceeding the Zacks Consensus Estimate of 36 cents. The adjusted earnings per share excludes amortization of intangible assets, acquisition related expenses, non-cash...
20Aug2010 | vitalstocks | 0 comments | Continued(TWC) Time Warner Cable Earning Scorecard
The second largest cable operator in the United States, Time Warner Cable Inc. (TWC) postedexcellent second quarter 2010 financial results, which beat the Zacks Consensus Estimate. The increase was attributable to both the Commercial and Residential Subscription revenues, which...
20Aug2010 | vitalstocks | 0 comments | Continued(MS) U.S. Banks Stock Update – August 2010 – Industry Outlook
Although a major recovery in the asset markets has been witnessed in recent quarters, the outlook for the U.S. banking industry remains in question due to several negatives Incorporatedluding asset-quality troubles, the continuation of both residential and commercial real estate...
20Aug2010 | vitalstocks | 0 comments | Continued(NLTX) Nile Therapeutics Incorporated – Bull of the Day
Nile Therapeutics, Inc. (NLTX) is developing CD-NP, a chimeric natriuretic peptide currently in phase II clinical studies for the treatment of acute decompensated heart failure (ADHF). Prior phase I and phase II data so far has been highly encouraging. With a market capitalization...
20Aug2010 | vitalstocks | 0 comments | Continued(ENDP) Endo Pharmaceuticals Holdings to Buy Penwest Pharmaceuticals
In a bid to sustain and drive growth in the area of pain management, Endo Pharmaceuticals Holdings Inc. (ENDP) recently agreed to acquire drug developer Penwest Pharmaceuticals Co. (PPCO). Through this deal, Endo Pharma will gain full access to a painkiller that was being co-developed...
20Aug2010 | vitalstocks | 0 comments | Continued