Archive for August, 2010
(F) U.S. Industrial Production Jumps in July
In July, Industrial Production increased by 1.0% over June, and was 7.7% higher than it was a year ago. However the June industrial production number was revised down to a decline of 0.1% rather than an increase of 0.1%. Still, even with the downward revision this is a pretty...
18Aug2010 | vitalstocks | 0 comments | Continued(RDEA) Ardea Biosciences Analyst Maintains Neutral Rating
We are maintaining our Neutral recommendation on Ardea Biosciences Inc. (RDEA) with a target price of $20. Ardea Biosciences, headquartered in San Diego, CA, focuses on the discovery and development of small-molecule therapeutics for the treatment of gout, human immunodeficiency...
18Aug2010 | vitalstocks | 0 comments | Continued(BWLD) Buffalo Wild Wings – Convincing Earnings Surprise
Buffalo Wild Wings (BWLD) topped expectations a couple weeks ago and now has analysts raising estimates. Growth rates are looking strong and a sell of in the spring produced a great buying opportunity. Company Description Buffalo Wild Wings owns, operates and franchises the popular...
18Aug2010 | vitalstocks | 0 comments | Continued(TV) Grupo Televisa S.A. Enters Mobile Phone Market in Mexico
In a significant move, the Mexican wireless regulator Comision Federal de Telecomunicaciones (CoFeTel) approved yesterday the auction bid submitted by Grupo Televisa S.A. (TV) and its partner Nextel for a 30 MHz nationwide block in the 1.7 GHz band of wireless frequency. Last...
18Aug2010 | vitalstocks | 0 comments | Continued(CVX) Chevron Strikes Natural Gas Find In Australia Again
Integrated oil and gas giant Chevron Corp. (CVX) once again made a successful discovery of natural gas through the Acme-1 exploration well in the hydrocarbon-rich area of the Carnarvon Basin. This happens to be Chevron;s ninth and largest offshore discovery in Western Australia...
18Aug2010 | vitalstocks | 0 comments | Continued(IGTE) iGate Corporation – Revenues Increase 42.7% Year-Over-Year
iGate Corporation (IGTE) is expected to generate strong double-digit earnings growth for the next few years, but its stock still trades at a reasonable price. Growth and Income The company is expected to grow its earnings per share 67% in 2010, 13% in 2011, and 20% over the long...
18Aug2010 | vitalstocks | 0 comments | Continued(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...
18Aug2010 | vitalstocks | 0 comments | Continued(JPM) JPMorgan Chase & Company Subsidiary Hires 200 in San Antonio
According to a report from the San Antonio Business Journal, Chase Bank, the principal banking subsidiary of JPMorgan Chase & Co. (JPM), recruited 200 employees in San Antonio at a job fair on Tuesday. At the job fair, Chase appointed employees to the departments of claims,...
18Aug2010 | vitalstocks | 0 comments | Continued(GOOG) Oracle Sues Google Over Alleged Java Infringement
For Google (GOOG), the list of adversaries just grew longer. Oracle (ORCL), which dominates the business software space, recently filed a lawsuit in a federal court against Google, accusing the Silicon Valley giant of infringing on the patented Java technology it inherited from...
18Aug2010 | vitalstocks | 0 comments | Continued(PETS) PetMed Express Incorporated – Bear of the Day
PetMed Express, Inc. (PETS) reported first-quarter fiscal 2011 EPS of $0.32, way below the Zacks Consensus Estimate of $0.38 and the year-ago quarter’s $0.36. The company witnessed a decline in revenues due to a lack of television remnant space availability at affordable...
18Aug2010 | vitalstocks | 0 comments | Continued(HEW) Aon Borrows $2.5 Billion for Hewitt Associates Deal
Moving ahead with its latest deal, Aon Corp. (AON) is arranging funds for the acquisition of Hewitt Associates Inc. (HEW) through some credit agreements with a financial syndicate, which are estimated to be worth approximately $2.5 billion. The deal is scheduled to close by mid-November. Accordingly,...
18Aug2010 | vitalstocks | 0 comments | Continued(DSW) DSW Incorporated – Consensus Estimates Rise
DSW Inc. (DSW) recently raised fiscal 2010 guidance after seeing solid second quarter sales. DSW sells footwear and other accessories through 310 stores in 39 states. It also operates an e-commerce web site and supplies footwear to 353 leased locations in the United States. Same...
18Aug2010 | vitalstocks | 0 comments | Continued(FMX) Fomento Economico Mexicano – Bull of the Day
Fomento Economico Mexicano (FMX) is the largest Coca-Cola bottler in Latin America and commands a strong portfolio of well-established brands. The company’s earnings from continuing operations jumped 29.7% y-o-y in the second quarter of 2010 driven by higher sales and robust...
18Aug2010 | vitalstocks | 0 comments | ContinuedAug 18: U.S. Commercial Crude Oil Inventories
Crude inventories are expected today at 10:30 AM EST. For the week ending August 6, U.S. commercial crude oil inventories had decreased by 3.0 million barrels from the previous week to 355.0 million barrels and were above the upper limit of the average range for that time of...
18Aug2010 | vitalstocks | 0 comments | Continued(HD) Panasonic Expands VIERA High Definition TV Series
A leading manufacturer of High Definition (HD) televisions, Panasonic Corp. (PC) recently launched a new VIERA GT25 series of full HD three dimensional (3D) Plasma televisions, expanding its premier VIERA brand. The GT25 series has 600Hz sub-field drive; 1080 pixel full HD resolution;...
18Aug2010 | vitalstocks | 0 comments | Continued(PETS) PetMed Express Incorporated – Bear of the Day
PetMed Express, Inc. (PETS) reported first-quarter fiscal 2011 EPS of $0.32, way below the Zacks Consensus Estimate of $0.38 and the year-ago quarter’s $0.36. The company witnessed a decline in revenues due to a lack of television remnant space availability at affordable...
18Aug2010 | vitalstocks | 0 comments | Continued(CELG) Celgene Analyst Maintains Neutral Recommendation
We are maintaining our Neutral recommendation on Celgene Corporation (CELG) with a target price of $58. Celgene, founded in 1986 and headquartered in Summit, NJ, focuses on the discovery, development and commercialization of drugs in the areas of cancer and immune/inflammatory...
18Aug2010 | vitalstocks | 0 comments | Continued(BHP) U.S. Producer Price Index Indicates Deflation Diverted or Delayed?
In July, the Producer Price Index (PPI) increased by 0.2% from June and was up 4.2% from a year ago. That increase was in line with consensus expectations. The increase comes on the heels of three straight declines and declines in four of the last five months. In June, the headline...
18Aug2010 | vitalstocks | 0 comments | Continued(FMX) Fomento Economico Mexicano – Bull of the Day
Fomento Economico Mexicano (FMX) is the largest Coca-Cola bottler in Latin America and commands a strong portfolio of well-established brands. The company’s earnings from continuing operations jumped 29.7% y-o-y in the second quarter of 2010 driven by higher sales and robust...
18Aug2010 | vitalstocks | 0 comments | Continued(LMT) Lockheed Martin Wins $113 Million in U.S. Air Force 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...
18Aug2010 | vitalstocks | 0 comments | Continued(LLL) L-3 Communications Holdings Earns Military Contracts
Aerospace and defense operator L-3 Communications Holdings Inc. (LLL) won 2 contracts of a combined value of $25 million from the U.S. Army and U.S. Navy. As per the contract with the U.S. Navy, L-3 Communications will repair items in support of the H-1 helicopter for the Naval...
17Aug2010 | vitalstocks | 0 comments | Continued(PBR) Petroleo Brasileiro S.A. Reports Profits Up – Earnings Beat Forecast
Brazilian state-run energy giant Petroleo Brasileiro S.A. (PBR), or Petrobras S.A., announced second quarter earnings of R$ 8.3 billion or R$ 0.95 per share, compared with R$8.2 billion or R$0.93 per share in the year-earlier quarter. Earnings per ADR came in at $1.07 (Exchange...
17Aug2010 | vitalstocks | 0 comments | Continued(USM) U.S. Cellular Analyst Downgrades Stock
We are downgrading our recommendation to Underperform from Neutral for U.S. Cellular (USM), the sixth-largest wireless Chicago-based carrier, due to disappointing second quarter 2010 results and outlook. The stock currently has a Zacks #5 (‘Strong Sell’) Rank. The...
17Aug2010 | vitalstocks | 0 comments | Continued(DHI) U.S. Housing Starts Still Weak
In July, Housing Starts rose to a seasonally-adjusted annual rate of 546,000, an increase of 1.7% over the 537,000 rate in June. However, the June rate was revised down from 549,000 so, relative to where we thought we were yesterday, it is a decline of 0.5%. Relative to the 587,000...
17Aug2010 | vitalstocks | 0 comments | Continued(F) Ford Strength Allows for Recall of Employees
Ford Motor Co. (F) and UAW have recently teamed up to bring back nearly 2,000 people to the motor manufacturer’s factories. The company thus manages to retain its former employees, who would else have migrated to parts supply companies, both within and outside the U.S. Ford...
17Aug2010 | vitalstocks | 0 comments | Continued(RMBS) Rambus and NVIDIA Make Patent Licensing Deal
Technology licensing company Rambus Inc. (RMBS) announced that it had inked a patent licensing deal with the leading graphics chip company, NVIDIA Corp. (NVDA). As per the deal, NVIDIA will pay a royalty to Rambus for certain memory controller patents. Despite a long-standing...
17Aug2010 | vitalstocks | 0 comments | ContinuedStealth Stocks Weekly Update on Monday, August 16, 2010 with Dennis Slothower
Summary of Recommendations Remain defensive as the market is subject to wild swings as fundamentals deteriorate but the Fed continues to prop up stock prices in roller coaster conditions. Market Commentary Stocks managed to break a four-day losing streak but only by the slimmest...
17Aug2010 | vitalstocks | 0 comments | Continued(DELL) Dell To Acquire 3PAR For $1.15 Billion
Dell Inc. (DELL) signed a definitive agreement to acquire enterprise storage products manufacturer 3PAR Inc. (PAR). The deal has been valued at $1.15 billion. Under the terms of agreement, Dell will pay $18 for each outstanding common share of 3PAR in cash, an 86.5% premium to...
16Aug2010 | vitalstocks | 0 comments | Continued(INTC) Semiconductor Industry Outlook – August 2010 – Industry Outlook
Overview The Semiconductor Industry serves as a driver, enabler and indicator of technological progress. Developments in the industry determine the way we work, transport ourselves, communicate, entertain ourselves and respond to our environment. For example, the PCs we work...
16Aug2010 | vitalstocks | 0 comments | Continued(MFE) McAfee Incorporated – Bear of the Day
McAfee Inc. (MFE) is one of the leading players in the information technology security industry. The company delivered decent second-quarter results, although revenue was below our expectation. The strong product portfolio, acquisitions, customer win momentum and decent cash...
16Aug2010 | vitalstocks | 0 comments | Continued