Archive for September, 2010
(ERJ) Empresa Brasileira de Aeronautica Analyst Upgrades Shares to Neutral
We upgrade our recommendation on Empresa Brasileira de Aeronautica S.A., aka Embraer (ERJ), from Underperform to Neutral based on the decent results the company recorded during the second quarter of fiscal 2010. During the quarter, EPADS was $0.39, an increase from $0.37 in the...
12Sep2010 | vitalstocks | 0 comments | Continued(MICC) Millicom International Cellular SA to Redeem Bonds
Millicom International Cellular SA (MICC) intends to redeem in full the 2013 10% high yield bond in December 2010. The redemption will play an important role in Millicoms’s financial strategy by reducing the cost of financing, extending average maturity to more than three and...
12Sep2010 | vitalstocks | 0 comments | Continued(DE) Deere & Company Beats Earnings Expectations Again
Deere & Co. (DE) delivered third-quarter earnings per share (EPS) of $1.44, moving ahead of the Zacks Consensus Estimate of $1.25 as well as EPS of 99 cents last year. The outperformance was driven by positive conditions in the U.S. farm sector, particularly in terms of demand...
12Sep2010 | vitalstocks | 0 comments | Continued(UNP) Union Pacific Analyst Upgrades Shares to Outperform
We have upgraded our recommendation for Union Pacific Corp. (UNP) to Outperform, following its second quarter 2010 financial results, which were far ahead of the Zacks Consensus Estimate. This excellent performance was achieved through best-ever operating ratio, massive growth...
12Sep2010 | vitalstocks | 0 comments | Continued(OMAB) Grupo Aeroportuario del Centro Norte Shows Marginal Traffic Growth
Mexican airport operator, Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (OMAB) has released its passenger traffic data for August 2010. During August, total passenger traffic grew 5.2% year over year with increases of 4.2% in domestic traffic and 11.7% in international...
12Sep2010 | vitalstocks | 0 comments | Continued(TWC) Time Warner Cable Reaches Agreement with Walt Disney Company
Time Warner Cable Inc (TWC) entered into a new expanded programming deal with Walt Disney Co (DIS) to provide programs from ABC Family, Disney Channel, Disney XD, ESPN, ESPN2, ESPNEWS, ESPNU, ESPN Classic, ESPN Deportes and SOAPnet, as well as a handful of Disney-owned ABC affiliates...
11Sep2010 | vitalstocks | 0 comments | Continued(MNKD) MannKind Corporation Analyst Maintains Neutral Rating on Stock
We are maintaining our Neutral recommendation on MannKind Corporation (MNKD) with a target price of $6.25. MannKind is a Valencia, California-based biopharmaceutical company focused on the discovery, development and commercialization of therapeutic products for diabetes, cancer...
11Sep2010 | vitalstocks | 0 comments | Continued(QSII) Quality Systems’ Analyst Maintains Neutral Rating on Shares
We reiterate our Neutral recommendation on Quality Systems (QSII) taking into account its well-recognized brand name as a provider of Electronic Health Record (EHR). At the same time, the ambulatory space, which is of concern to the company, is becoming more crowded, especially...
11Sep2010 | vitalstocks | 0 comments | Continued(TXN) Texas Instruments Adjusts Third Quarter Outlook
Texas Instruments (TXN) tightened its third-quarter revenue and earnings outlook range but kept the mid-point of that range unchanged, as demand for personal computers and televisions show signs of weakness in a sluggish economy. Although the semiconductor company said the quarter...
10Sep2010 | vitalstocks | 0 comments | Continued(BP) U.S. Environmental Protection Agency Requests Information From Natural Gas Firms
The U.S. Environmental Protection Agency (“EPA”) has sought information from nine natural gas service companies about the chemicals used in hydraulic fracturing (or fracking) – a method used to extract natural gas by blasting underground rock formations with a mixture of...
10Sep2010 | vitalstocks | 0 comments | Continued(GS) Goldman Sachs Group is Fined $27 Million by U.K. Financial Services Authority
Goldman Sachs Group Inc. (GS) has been fined £17.5 million ($27 million) for its failure to comply with the principles of the U.K. Financial Services Authority (FSA). FSA has fined Goldman’s London-based unit Goldman Sachs International for not satisfying UK regulatory reporting...
10Sep2010 | vitalstocks | 0 comments | Continued(AIG) American International Group Unit Signs Deal with China Bank
In a move to strengthen its position in China, American International Assurance Co. (“AIA”), the Asian arm of American International Group Inc. (AIG), signed a bancassurance agreement with Industrial & Commercial Bank of China Ltd. (“ICBC”) to sell its life insurance...
10Sep2010 | vitalstocks | 0 comments | Continued(C) Citigroup Settlement With U.S. Securities and Exchange Commission is Under Scrutiny
The U.S. Securities and Exchange Commission (SEC) has defended its $75 million settlement with Citigroup Inc. (C) to square off charges for the misleading disclosures of subprime exposures made by Citi in 2007. The SEC has asked for court approval over this arrangement. In July,...
10Sep2010 | vitalstocks | 0 comments | Continued(BAC) Will New Global Banking Capital Standards of Basel III be a Needle-Mover?
With aftershocks of the recession still reverberating and a very real double-dip threat on the horizon, regulatory officials from more than two dozen countries have come up with a new set of capital standards known as Basel III for the global banking community on Tuesday. The...
10Sep2010 | vitalstocks | 0 comments | Continued(QCOM) Qualcomm Announces 3G Snapdragon Processors
Qualcomm Inc. (QCOM) recently displayed its third-generation dual-core processors developed by its state-of-the-art Snapdragon platform technology. While the 1.5 GHz processor will be used in smartbook or netbook, the 1.2 GHz processor will be used in smartphones. The 1.5 GHz...
10Sep2010 | vitalstocks | 0 comments | Continued(F) U.S. Trade Deficit in July 2010 Drops to $42.8 Billion
The Trade Deficit fell in July to $42.78 billion, down from $49.76 billion in June. This is very good news for the economy…but not good enough. The trade deficit was also substantially smaller than the $47.3 billion consensus expectation. While it was a major month-to-month...
10Sep2010 | vitalstocks | 0 comments | Continued(JCOM) j2 Global Communications Acquires Venali
j2 Global Communications Inc. (JCOM) has acquired Venali Inc., for approximately $17 million. Venali is a provider of Web-based business fax services. Venali takes pride in its impressive list of clientele and its messaging business alone generated nearly $10 million revenues...
10Sep2010 | vitalstocks | 0 comments | Continued(ITW) Illinois Tool Works Announces Sale of Meyercord Revenue Incorporated
Illinois Tool Works Inc. (ITW) disposed of its wholly-owned subsidiary, Meyercord Revenue Inc. to SICPA Product Security LLC for an undisclosed amount. The business was stated to be unfit for Illinois Tool’s long-term growth platform. SICPA Product Security is a private...
10Sep2010 | vitalstocks | 0 comments | Continued(DYN) Dynegy Countdown Towards Aquisition by The Blackstone Group
Houston-based merchant generator, Dynegy Inc. (DYN) is moving towards being acquired by an affiliate of The Blackstone Group L.P. (BX). Post-acquisition, Blackstone will sell a portion of Dynegy’s generation assets to NRG Energy Inc. (NRG), which is proactively looking at increasing...
10Sep2010 | vitalstocks | 0 comments | Continued(ABT) Abbott Labs Announces Aquisition of Indian Company Piramal Healthcare
Abbott Labs (ABT) recently completed its acquisition of Indian company Piramal Healthcare Ltd.’s Healthcare Solutions business (Domestic Formulations) for $3.8 billion. In addition to an upfront payment of $2.2 billion, Abbott Labs will pay $400 million annually over the next...
10Sep2010 | vitalstocks | 0 comments | Continued(EXPD) Expeditors International – Bull of the Day
We are upgrading our recommendation to Outperform for Expeditors International (EXPD) following second-quarter results. The company’s second quarter earnings surpassed the Zacks Consensus Estimate and the year-ago quarter level on strong airfreight and ocean shipping demand. Yields...
10Sep2010 | vitalstocks | 0 comments | Continued(HCBK) Hudson City Bancorp – Bear of the Day
We are downgrading our recommendation on Hudson City Bancorp (HCBK) to Underperform. The company’s second-quarter operating earnings came in just a penny ahead of the Zacks Consensus Estimate, primarily helped by lower interest expense, partially offset by an increase in...
10Sep2010 | vitalstocks | 0 comments | Continued(AZN) Growing Chinese Pharmaceutical Market is Opportunity
by Tony D’Altorio, Investment U Research Thursday, September 9, 2010 China faces an invasion that even its Great Wall can’t keep out… Western pharmaceutical companies want a piece of the huge Chinese medicine market. And they won’t take no for an answer. In fact, so...
10Sep2010 | InvestmentU | 0 comments | Continued(NOK) Nokia Board Replaces CEO Kallasvuo
Time is up for Mr. Olli-Pekka Kallasvuo, the beleaguered CEO of Nokia Corp. (NOK). Today, the Board of Directors of Nokia has taken a decision to replace Kallasvuo with Mr. Stephen Elop from Microsoft Corp. (MSFT). Since last July, industry circle was rife with the speculation...
10Sep2010 | vitalstocks | 0 comments | Continued(AAPL) Company News for September 10, 2010 – Corporate Summary
• National Semiconductor (NYSE:NSM) posted fiscal first quarter results of 36 cents a share, one cent below estimates, on revenues of $412 million, below consensus projections of $415 million. The company CEO noted, “In the near term, slower growth in our end markets...
10Sep2010 | vitalstocks | 0 comments | Continued(DARA) DARA BioSciences’ KRN5500 Data Looks Strong
KRN5500 Data Looks Strong On September 8, 2010, DARA BioSciences (DARA) presented positive study results from its phase II dose escalation study with KRN5500 at the 13th World Congress on Pain. The multicenter, placebo-controlled phase II study was designed to evaluate the safety...
9Sep2010 | vitalstocks | 0 comments | Continued(ALNY) Alnylam Pharmaceuticals Analyst Awards Neutral Rating
We are maintaining our Neutral recommendation on Alnylam Pharmaceuticals (ALNY) with a target price of $15. Alnylam, founded in 2002 and headquartered in Cambridge, Massachusetts, focuses on developing novel therapeutics based on a biological breakthrough known as RNA (Ribo Nucleic...
9Sep2010 | vitalstocks | 0 comments | Continued(JPM) Infrastructure Next Step for U.S. Government Economic Recovery Plans?
In an effort to rev up the sluggish economic recovery, President Obama has proposed $50 billion in spending to improve the nation’s roads, airports and railways. The President’s speech at a Labor Day event yesterday in Milwaukee, Wisconsin called it a long-term investment...
9Sep2010 | vitalstocks | 0 comments | ContinuedSep 9: Initial Claims Fall – Economic Highlights
Initial Claims decreased to 451,000, the lowest level in two months, for the week ending 09/04, against the expected decrease to 470,000, after remaining unchanged at 478,000, the revised level for the previous week. The 4-week moving average decreased to 477,750, from the previous...
9Sep2010 | vitalstocks | 0 comments | Continued(BA) Stock Market News for September 9, 2010 – Market News
Stocks advanced modestly on Wednesday as easing worries about European finances helped investors set aside concerns resulting from the Federal Reserve’s latest Beige Book report. The beige book report on regional economic activity noted widespread signs of deceleration, causing...
9Sep2010 | vitalstocks | 0 comments | Continued