Archive for September, 2010
(IBM) International Business Machines Partners with India’s Jet Airways
International Business Machines Corp. (IBM) has entered into a ten-year agreement, worth $62 million, with India’s leading international airline, Jet Airways. Under the terms of the agreement, IBM will provide IT infrastructure and application support services including employee...
23Sep2010 | vitalstocks | 0 comments | Continued(BAC) Bank of America Corporation Leads the Industry in Home Affordable Modification Program
On Tuesday, Bank of America Corporation (BAC) announced that since January 2008 it has provided mortgage modifications to more than 680,000 homeowners, making it the leader in the sector. This included 79,859 modifications under the U.S. government’s Home Affordable Modification...
22Sep2010 | vitalstocks | 0 comments | Continued(JBHT) J.B. Hunt Freight Trucking Analyst Initiates Coverage at Neutral
We are initiating coverage on J.B. Hunt (JBHT) with a Neutral rating. Currently, the stock has a Zacks #3 Rank (Hold). Our positive outlook on J.B. Hunt is based on continued strength in freight demand, strong balance sheet, improved rail service and network capabilities, continuous...
22Sep2010 | vitalstocks | 0 comments | Continued(SWKS) Skyworks Solutions Analyst Increases Guidance
Chipmaker Skyworks Solutions, Inc. (SWKS) upgraded its guidance for the fourth quarter of fiscal 2010, driven by broad-based improvements in order demand. Skyworks now anticipates revenues of $310 million in the fourth quarter, up from the prior expectation of $300 million, representing...
22Sep2010 | vitalstocks | 0 comments | Continued(DOW) Chemical Stock Review and Outlook – September 2010 – Industry Outlook
OVERVIEW The chemical industry consists of companies engaged in the processing and refinement of agricultural and industrial chemicals as well as gases. Chemicals are used to make a wide variety of consumer goods, besides being necessary in the agriculture, manufacturing, construction...
22Sep2010 | vitalstocks | 0 comments | Continued(LMT) Lockheed-Martin Earns $10 Million U.S. Navy Contract
The largest US defense contractor, Lockheed Martin Corporation (LMT) won a $10 million contract from the U.S. Navy for the development of software for the aircrews of MH-60R and MH-60S multi-mission helicopters designed and manufactured by Sikorsky Aircraft Corporation, to enable...
22Sep2010 | vitalstocks | 0 comments | Continued(JBLU) JetBlue Airways Analyst Initiates Shares at Neutral
We are initiating coverage on JetBlue Airways (JBLU) with a Neutral rating. Currently, the stock has a Zacks Rank of #3 (Hold). We believe JetBlue will continue to benefit from the recently launched Sabre system, improved pricing, higher traffic, additional ancillary revenue...
22Sep2010 | vitalstocks | 0 comments | Continued(KIRK) Kirkland’s Incorporated – Bear of the Day
Kirkland’s (KIRK) reported meager second-quarter 2010 results with earnings of $0.16, which was below the Zacks Consensus Estimate by $0.02. The company’s susceptibility to the global economic downturn coupled with stiff competition, severely undermines the company’s...
22Sep2010 | vitalstocks | 0 comments | Continued(CI) CIGNA Corporation – Bull of the Day
We are upgrading our recommendation on the shares of CIGNA (CI) to Buy as we believe the recent acquisition of Vanberda international will boost the company’s thriving international operations, which is key to the growth of the company. Moreover, CIGNA has lower exposure...
22Sep2010 | vitalstocks | 0 comments | Continued(AAPL) Stock Market News for September 21, 2010 – Market News
The September rally picked up steam on Monday, sending major averages to their four-month high, amid hopes the Federal Reserve would announce measures to stimulate the economic recovery. However, volume remained low as market participants were hesitant to make bold moves amid...
22Sep2010 | vitalstocks | 0 comments | Continued(AZO) Company News for September 21, 2010
• Nokia (NYSE:NOK) for the second time announced delivery delays of its N8 model smartphone • ConAgra (NYSE:CAG) announced worse-than-expected fiscal first quarter earnings of 34 cents a share, off estimates of 39 cents, on revenues of $2.82 billion, below estimates at...
22Sep2010 | vitalstocks | 0 comments | Continued(MHP) The McGraw-Hill Companies Unit Capital IQ Aquires TheMarkets.com
Capital IQ that offers financial information tools to investors, recently acquired its smaller competitor, TheMarkets.com, thereby strengthening its position in the highly competitive financial data provider sector. Capital IQ is a unit of Standard & Poor’s, which is...
22Sep2010 | vitalstocks | 0 comments | Continued(ADBE) Company News for September 22, 2010
• Adobe Systems (NASDAQ:ADBE) reported fiscal third-quarter earnings of 54 cents a share, a nickel higher than anticipated, on revenues, up 42% to $990 million, versus estimates of $985 million. For the current quarter the company expects earnings of 48 cents to 54 cents....
22Sep2010 | vitalstocks | 0 comments | Continued(SKM) SK Telecom Corporation Ltd. to Enter LightSquared Venture
SK Telecom Corp. Ltd. Co. (SKM), the largest wireless carrier of South Korea, is again trying its luck in the nearly saturated but lucrative U.S. wireless market. The company has decided to invest in the LightSquared venture, which is trying to become a U.S. wholesale wireless...
21Sep2010 | vitalstocks | 0 comments | Continued(BMY) Bristol-Myers Squibb Company Diabetes Drug Candidate Encourages
Recently, Bristol-Myers Squibb Company’s (BMY) pipeline received a boost when its type II diabetes candidate, dapagliflozin, fared well in a late-stage multicenter, international, randomized, parallel-group, double-blind, placebo-controlled study (n=597). Dapagliflozin, a once-daily...
21Sep2010 | vitalstocks | 0 comments | Continued(AAPL) Apple and Google Battle Over Smartphones
by Alexander Moschina, Investment U Research Tuesday, September 21, 2010 In 2007, Apple (Nasdaq: AAPL) introduced us to the iPhone… and the world hasn’t been the same since. Sure, there were smartphones before it, but Apple’s bestseller changed everything in an instant. Today,...
21Sep2010 | InvestmentU | 0 comments | Continued(STJ) St. Jude Medical Deep Brain Stimulation Therapy Management
St. Jude Medical (STJ), a top-tier medical devices company, has received the European CE mark for its new Athena programmer, a deep brain stimulation (DBS) therapy management system. This next-generation DBS programmer, a notebook-based PC, represents the latest addition to the...
21Sep2010 | vitalstocks | 0 comments | Continued(ATHN) Athenahealth Signs Texas-Based Non-Profit Healthcare Company
Leading medical billing and records software provider Athenahealth Inc (ATHN) has announced that Texas-based non-profit healthcare company CHRISTUS Health has adopted its comprehensive suite of web-based solutions. CHRISTUS will implement Athenahealth’s services for its fast...
21Sep2010 | vitalstocks | 0 comments | Continued(MTB) M&T Bank May Sell Majority Stake to Banco Santander SA
M&T Bank (MTB) may sell a majority stake to Banco Santander SA (STD), according to a Bloomberg report. The report also said that the banks are in consultation, though informally, with the Federal Reserve for sketching a deal. They expect to hear from Federal Reserve by the...
21Sep2010 | vitalstocks | 0 comments | Continued(NOK) Nokia Reports Demand Rises for Devices
Just after the completion of Nokia World 2010, Nokia Corp.(NOK), the world’s largest mobile phone manufacturer, witnessed the highest ever demand through online pre-orders for the N8, which is supposed to be priced at 370 euros. N8 is based on upgraded Symbian 3 software and...
21Sep2010 | vitalstocks | 0 comments | Continued(NI) NiSource Incorporated – Bull of the Day
We have upgraded our recommendation for NiSource (NI) to Outperform, as we believe the recent equity issue removes a key apprehension on the stock. The issue makes way for the company to reach its $1 billion investment target while comfortably meeting its long-term 3%-5% EPS...
21Sep2010 | vitalstocks | 0 comments | Continued(PSMT) PriceSmart Incorporated – Quarterly Earnings Beat by 18%
PriceSmart Inc (PSMT) recently reported earnings per share growth of 38% from the same period in 2009. Same-store sales increased 10.6%. Shares recently reached a 52-week high of $29.08. Company Description PriceSmart is a membership warehouse club operating 27 stores in Central...
21Sep2010 | vitalstocks | 0 comments | Continued(MDR) McDermott International – Bear of the Day
We are downgrading McDermott International (MDR) shares to Underperform from Neutral due to the tentative commodity price scenario and the company’s clouded post-split outlook. Near-term bookings remain lumpy at McDermott, as the current uncertain environment has adversely...
21Sep2010 | vitalstocks | 0 comments | Continued(C) Citigroup Quits Private Student Loan Business
Citigroup Inc. (C) has decided to exit its private student loan business. Its indirect subsidiary, Student Loan Corporation (STU) has signed definitive agreements with Discover Financial Services (DFS) and SLM Corporation or Sallie Mae (SLM) for divesting its business through...
20Sep2010 | vitalstocks | 0 comments | Continued(DFS) Discover Financial Services’ Earnings Beat Consensus Estimates
Discover Financial Services (DFS) reported a fiscal third quarter earnings of $261 million or 47 cents per share, well ahead of the Zacks Consensus Estimate of 35 cents. However, results dipped about 55% from the net income of $577 million or $1.07 per share in the year-ago quarter....
20Sep2010 | vitalstocks | 0 comments | Continued(NOVL) Novell in Discussions With VMware on its Linux OS Business
Enterprise software developer, Novell Inc. (NOVL) is in discussions with the virtualization infrastructure software solutions provider VMware Inc. (VMW) to sell its Linux Operating systems business, according to the Wall Street Journal. According to the Journal, Novell is in...
20Sep2010 | vitalstocks | 0 comments | Continued(UAUA) UAL and Continental Airlines Shareholders Approve Merger
The pending merger of United Airlines, a wholly owned subsidiary of UAL Corp. (UAUA), and Continental Airlines (CAL) finally received approval from shareholders of both the companies. Announced on May 3, 2010, the merger won the antitrust approval from the U.S. government in...
20Sep2010 | vitalstocks | 0 comments | Continued(JOYG) Joy Global Incorporated – Third Quarter Beat by 11%
Joy Global Inc. (JOYG) is trading near its 52-week high of $67.29 after raising guidance following a strong third quarter. Joy Global manufactures heavy mining equipment. It was founded in 1884 and is headquartered in Milwaukee, Wisonsin. Joy Global has a market cap of $6.8 billion....
20Sep2010 | vitalstocks | 0 comments | Continued(AVT) Avnet Incorporated – Bull of the Day
Avnet (AVT) revived its business quite well in fiscal 2010 after a disastrous 2009, driven by strong global demand. Business began to recover in the first quarter of fiscal 2010 as end demand improved and participants began to realize inventory in the technology supply chain...
20Sep2010 | vitalstocks | 0 comments | Continued(CLC) CLARCOR Incorporated – Highest Quarterly Profit in 10 years!
CLARCOR Inc (CLC) was recently upgraded to a Zacks #2 rank (buy) after reporting solid third quarter results on September 15. The company beat the Zacks Consensus Estimate by 10%. CLARCOR makes filter products for the industrial, mobile, and consumer markets. It was founded in...
20Sep2010 | vitalstocks | 0 comments | Continued