Archive for September, 2010
(EXPD) Expeditors International of Washington Analyst Upgrades Shares to Outperform
Following the strong second quarter results, we are upgrading our recommendation to Outperform from Neutral on Expeditors International of Washington Inc. (EXPD), a provider of logistics services. Currently, the stock has a Zacks Rank of #1 (Strong Buy). Expeditors’ debt-free...
16Sep2010 | vitalstocks | 0 comments | Continued(ALV) Autoliv Incorporated – Bull of the Day
Autoliv (ALV) maintains a stable market share globally, supported by the increasing importance of vehicle safety needs. Furthermore, the company aims to tap huge market potential by expanding into low-cost countries. The company’s balance sheet is solid with low debt and...
16Sep2010 | vitalstocks | 0 comments | Continued(BA) Boeing Dreams Big for its Commercial Airlines Business
Boeing Company (BA), with a steady recovery in the U.S. and Canadian economies, dreams big for its commercial airlines business. The bullishness was reflected in Boeing’s 2010 North America (U.S. and Canada) market outlook forecast on September 2, 2010. Boeing forecasts...
16Sep2010 | vitalstocks | 0 comments | Continued(HUM) Humana Announces Medicare Advantage and Prescription Drug Plan Offerings
In accordance with the U.S. Securities and Exchange Commission, Humana Inc. (HUM) has released its planned Medicare Advantage and Prescription Drug Plan (PDP) offerings for 2011 after receiving consent from the federal government. The enrollment for the offering will begin on...
16Sep2010 | vitalstocks | 0 comments | Continued(QCOM) Qualcomm Extends Agreement With Red Hat Platform
Qualcomm Inc. (QCOM), the largest worldwide mobile chipset developer for CDMA technology, extended its long-term relationship with Red Hat Inc. (RHT). Since 2003, Qualcomm has been using the Red Hat Enterprise Linux operating system and its virtualization technology. Qualcomm...
16Sep2010 | vitalstocks | 0 comments | Continued(VMW) VMware Offers Fusion Upgrade Program For Users of Parallels Desktop@ $9.99
A leading provider of virtualization infrastructure software solutions VMware Inc. (VMW) has launched a limited period VMware Fusion upgrade program for users of Parallels Desktop, Macintosh version, for $9.99. Under the program, Parallels Macintosh users will be able to switch...
16Sep2010 | vitalstocks | 0 comments | Continued(BBY) Stock Market News for September 15, 2010 – Market News
The recent rally in stocks came to a halt on Tuesday as mixed economic data failed to lift investors’ sentiments. The blue-chip Dow industrials and the broader Standard & Poor’s 500-stock index dropped for the first time in five days even as the Commerce Department noted...
16Sep2010 | vitalstocks | 0 comments | ContinuedU.S. Crude Inventories Decrease – Economic Highlights
Crude inventories decreased by 2.5 million barrels, for the week ending September 10, from the previous week to 357.4 million barrels and were above the upper limit of the average range for that time of year. U.S. crude oil refinery inputs averaged 15.0 million barrels per day...
16Sep2010 | vitalstocks | 0 comments | ContinuedU.S. Initial Jobless Claims Fall – Sep 16
Initial Claims decreased to 450,000, the lowest level in two months, for the week ending 09/11, against the expected increase to 456,000, after decreasing to 453,000, the revised level for the previous week. The 4-week moving average decreased to 464,750, from the previous week’s...
16Sep2010 | vitalstocks | 0 comments | Continued(AAPL) Company News for September 15, 2010 – Corporate Summary
• MasterCard’s (NYSE:MA) board approved repurchase of up to $1 billion of its Class A common shares • Needham & Co. maintained its “buy” rating on Varian Semiconductor (NASDAQ:VSEA), but lowered the price target to $32 from $35 • Citigroup (NYSE:C)...
16Sep2010 | vitalstocks | 0 comments | Continued(YUM) Yum! Brands Announces Increase in Dividend
Kentucky-based Yum! Brands Inc. (YUM) recently announced its decision to hike quarterly dividend by 4 cents to 25 cents per share. This translates into a 19.0% increase from the prior dividend. The increased dividend will be paid on November 5, 2010, to stockholders of record...
16Sep2010 | vitalstocks | 0 comments | Continued(QCOM) Qualcomm Introduces Time Division Duplex for LTE Chipsets
Qualcomm Inc. (QCOM) recently introduced its next-generation super-fast TDD LTE (Time Division Duplex for LTE) chipsets. The company has conducted a trial for its MDM 9200 solution in China using the LTE network. The company plans to begin mobility trials for MDM 9200 and MDM...
16Sep2010 | vitalstocks | 0 comments | Continued(AAPL) Stock Market News for September 16, 2010 – Market News
A rally in the last half hour of trading sent U.S. stocks higher on Wednesday, as Japan’s move to rein in the yen helped the U.S. dollar regain some strength. The Japanese currency had risen to a new 15-year high against the greenback on Tuesday, prompting the Japanese prime...
16Sep2010 | vitalstocks | 0 comments | Continued(BCS) Company News for September 16, 2010 – Corporate Summary
• FedEx (NYSE:FDX) posted fiscal first quarter earnings one cent below consensus expectations, coming in at $1.20 on a revenue gain of 18.1% to $9.46 billion, above projections of $9.39 billion. The company raised its fiscal 2011 guidance to $4.80-$5.25 • Microsoft (NASDAQ:MSFT)...
16Sep2010 | vitalstocks | 0 comments | Continued(AAPL) Company News for September 15, 2010 – Corporate Summary
• MasterCard’s (NYSE:MA) board approved repurchase of up to $1 billion of its Class A common shares • Needham & Co. maintained its “buy” rating on Varian Semiconductor (NASDAQ:VSEA), but lowered the price target to $32 from $35 • Citigroup (NYSE:C)...
16Sep2010 | vitalstocks | 0 comments | Continued(ORCL) Oracle Reports First Quarter 2011 Earnings Tomorrow
Oracle Corp. (ORCL) is expected to report its first quarter fiscal 2011 earnings tomorrow on September 16, 2010, after market close. The stock has been trending upward, following the release of the strong quarterly results in June. Moreover, the share price soared over the last...
15Sep2010 | vitalstocks | 0 comments | Continued(BBT) BB&T to Reclassify Non-performing Loans
On Tuesday, while speaking at Barclays Global Financial Services Conference, BB&T Corp.’s (BBT) chief executive officer (CEO) Mr. Kelly King stated that the company will reclassify more than $1 billion non-performing assets (NPAs) into loans held-for-sale in the third quarter...
15Sep2010 | vitalstocks | 1 comment | Continued(BP) U.S. Industrial Production Up Again in August
Total Industrial Production rose by 0.2% in August, which was a tick less than the 0.3% rise that was expected. It was also slower than the 0.6% rise in July. The July number was revised down from a 1.0% increase, but June was revised to an increase of 0.1% from a decline of...
15Sep2010 | vitalstocks | 0 comments | Continued(COST) Retail Industry Outlook – September 2010 – Industry Outlook
The economic recovery post-downturn still remains fragile and requires a boost from a sustained and significant improvement in jobs creation and income growth. A turnaround in the jobs and income scenario will finally outweigh other drags such as tighter credit. On September...
15Sep2010 | vitalstocks | 0 comments | Continued(FRX) Forest Laboratories Responds to US Food and Drug Administration Letter
Forest Laboratories Inc. (FRX) recently announced that it has submitted a response to the complete response letter (CRL) issued by the US Food and Drug Administration (FDA) in mid-May for Daxas (roflumilast). Forest Labs and partner, Nycomed GmbH, are looking to get Daxas approved...
15Sep2010 | vitalstocks | 0 comments | Continued(BHI) Baker Hughes Oilfield Services Active in Brazil
Texas-based Baker Hughes Inc. (BHI), one of the largest oilfield service companies in the world, will build an advanced electrical submersible pumping (ESP) system. This new EPS system will be built in a testing and development center in Macae, Brazil. This facility will reduce...
15Sep2010 | vitalstocks | 0 comments | Continued(BP) BP Purchases Stake in South China Sea Block
BP plc (BP) is gainning momentum with its upstream activities amid continuous debate on the company’s ability to complete the relief well to stop the Macondo leak in the Gulf of Mexico. BP has purchased a 40.82% stake in block 42/05 in the South China Sea’s Pearl River...
15Sep2010 | 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...
15Sep2010 | vitalstocks | 0 comments | Continued(PAYX) Paychex Rolls Out Retirement Forms Solution
New York-based outsourcing service provider, Paychex Inc. (PAYX) announced the rollout of a new solution for filling up form 5500. The solution will come in handy for the many organizations offering retirement schemes. Form 5500 is an annual reporting requirement prescribed under...
15Sep2010 | vitalstocks | 0 comments | Continued(COST) Retail Industry Outlook – September 2010 – Industry Outlook
The economic recovery post-downturn still remains fragile and requires a boost from a sustained and significant improvement in jobs creation and income growth. A turnaround in the jobs and income scenario will finally outweigh other drags such as tighter credit. On September...
14Sep2010 | vitalstocks | 0 comments | Continued(NOVL) Novell Announces Cloud Manager
Enterprise software developer Novell Inc. (NOVL) announced the launch of Novell Cloud Manager. This new solution enables users to create and manage cloud computing environment more efficiently as compared with proprietary technology stacks. With the official launch of Cloud Manager,...
14Sep2010 | vitalstocks | 0 comments | Continued(CTIC) Cell Therapeutics Announces Challenge to US Food and Drug Administration Decision
Recently, Cell Therapeutics Inc. (CTIC) announced that it will appeal against the decision of the US Food and Drug Administration (FDA) to deny approval to the company’s lead candidate, pixantrone. The candidate is being developed for the treatment of relapsed or refractory...
14Sep2010 | vitalstocks | 0 comments | Continued(ARAY) Accuray Beats Earnings Estimate by 60%
Accuray Inc. (ARAY), a global leader in the field of radiosurgery, reported fourth-quarter fiscal 2010 (ended June 30) earnings per share of 8 cents, exceeding the Zacks Consensus Estimate of 5 cent and the year-ago earnings of 2 cents. Net income for the quarter quadrupled year-over-year...
14Sep2010 | vitalstocks | 0 comments | Continued(WYNN) Wynn Resorts Limited Revamps Las Vegas Room
Wynn Resorts Limited (WYNN), which along with its subsidiaries is a leading developer, owner and operator of destination casino resorts with properties in Las Vegas and Macau, announced recently that it has completed the renovation of the first resort room at Wynn Las Vegas. The...
14Sep2010 | vitalstocks | 0 comments | Continued(BAC) Company News for September 14, 2010 – Corporate Summary
• Best Buy (NYSE:BBY) posted earnings sharply above estimates at 60 cents, versus estimates of 44 cents on revenues of $11.34 billion • MedAssets (NASDAQ:MDAS) plans to purchase The Broadlane Group for $850 million in cash • Reports say Green Mountain Coffee Roasters...
14Sep2010 | vitalstocks | 0 comments | Continued