Archive for October, 2010
(HBAN) Huntington Bancshares Analyst Reiterates Shares at Neutral
We are reiterating our Neutral recommendation on Huntington Bancshares Inc. (HBAN) following the company’s earnings release. The reaffirmation is based on the company’s business model, strategic initiatives, credit environment, opportunities and challenges. Second Quarter...
3Oct2010 | vitalstocks | 0 comments | Continued(CAKE) Cheesecake Factory Opens Bridgewater Restaurant – Plans Growth
California-based Cheesecake Factory Inc. (CAKE) announced that it had opened a Cheesecake Factory restaurant at the Bridgewater Commons in Bridgewater, New Jersey on August 23. The new 8,500 square feet Bridgewater restaurant can accommodate 225 guests. This is the third and...
3Oct2010 | vitalstocks | 0 comments | Continued(BA) Boeing’s Good News Shows Good Times Are Ahead
In a twist of fate reflecting the cyclical variations of the commercial aerospace industry it’s raining good news for The Boeing Company (BA). Earlier Boeing’s commercial airplane deliveries were badly affected worldwide by cancellation and deferment from its airliner customers...
3Oct2010 | vitalstocks | 0 comments | Continued(PCLN) Priceline.com Incorporated – Revenue for the Period was Up 27%
Priceline.com, Inc. (PCLN) has been on an amazing rally for the last three months, more than doubling in price after jumping from $175 to over $350. With estimates on the rise and a bullish growth projection, PCLN looks like a serious momentum contender. Company Description Priceline.com,...
3Oct2010 | vitalstocks | 0 comments | Continued(UFPI) Universal Forest Products Analyst downgrades Shares to Underperform
We recently downgraded our rating for Universal Forest Products Inc. (UFPI), a manufacturer and distributor of lumber, composite wood, plastic and other building products, from Neutral to Underperform. We downgrade based on a host of factors including weak second quarter results,...
3Oct2010 | vitalstocks | 0 comments | Continued(CHK) Chesapeake Energy Shale Joint Ventures Ahead
Chesapeake Energy Corporation (CHK) is looking forward to more shale joint ventures (JVs) ahead. The third-largest U.S. natural gas producer is expecting its next JV for its Eagle Ford properties in south Texas, according to an article published in Bloomberg. The company expects...
3Oct2010 | vitalstocks | 0 comments | Continued(BRKB) Housing Starts Surge – Analyst Blog
Housing Starts surged in August, but the good news is probably better toasted with Miller than with Moet. Total housing starts rose 10.5% to an annualized rate of 598,000, well ahead of consensus expectations of just 550,000. However, that was from July starts that were revised...
3Oct2010 | vitalstocks | 0 comments | Continued(IT) International Business Machines Bids for Data Warehouse Company Netezza
A premier Information Technology (IT) services provider, International Business Machines Corp. (IBM) has agreed to acquire data warehouse company Netezza Corp. (NZ) in an all cash transaction of $1.70 billion or $27.00 per share. The price of $27.00 per share reflects a 9.8%...
3Oct2010 | vitalstocks | 0 comments | Continued(TWX) Indian Company Eyes MGM
Joining a queue of several suitors like Time Warner Inc. (TWX), Spyglass Entertainment Group, LLC, and Lions Gate Entertainment Corp. (LGF) to salvage the debt-ridden Hollywood studio Metro-Goldwyn-Mayer (“MGM”) is an Indian conglomerate. Sahara India Pariwar has put forward...
3Oct2010 | vitalstocks | 0 comments | Continued(BP) BP plc to Sell $3.5 Billion Debt
BP plc (BP) has taken another step toward meeting its $30 billion spill-related obligation. The U.K. oil major has decided to raise cash by using other sources of capital. It plans to sell $3.5 billion debt for the first time since the oil spill on April 20. Following a prolonged...
3Oct2010 | vitalstocks | 0 comments | Continued(MET) MetLife Reports Lobbying Charges Decline
MetLife Inc. (MET) has reported that it spent $1.40 million during the second quarter 2010 to address concerns related to financial regulations and other issues. The lobbying charges have plummeted for MetLife from $1.74 million in the year-ago quarter and $1.61 million during...
3Oct2010 | vitalstocks | 0 comments | Continued(BWLD) Buffalo Wild Wings on Expansion Track
Buffalo Wild Wings Inc. (BWLD), engaged in the ownership, operation and franchise of restaurants, has opened its 700th restaurant in the United States and thus remains on track to attain its target of opening 1,000 restaurants in the United States by 2013. The new restaurant...
3Oct2010 | vitalstocks | 0 comments | Continued(BHI) U.S. Rig Count Recovery Continues
In its weekly release, Houston-based oilfield services company Baker Hughes Inc. (BHI) reported a rise in the U.S. rig count (number of rigs searching for oil and gas in the country), reflecting an increase in the land rig count. Rigs exploration and production in the U.S. totaled...
3Oct2010 | vitalstocks | 0 comments | Continued(UPS) United Parcel Service Moves to Expand Chinese Market
United Parcel Service Inc. (UPS) aims at expanding its presence in China by setting up a domestic service in the country. With international operations accounting for around 22% of total revenue in fiscal year 2009, the company wishes to tap the growing consumer and business...
3Oct2010 | vitalstocks | 0 comments | Continued(NNI) Nelnet Incorporated – Bull of the Day
Nelnet’s (NNI) second quarter earnings came in well ahead of the Zacks Consensus Estimate, reflecting a fall in interest expenses and the benefits of revenue diversification. Though the student loan reform law has barred the company from originating federal student loans...
3Oct2010 | vitalstocks | 0 comments | Continued(WYN) Wyndham Worldwide Acquires Vacation Rental Firm ResortQuest
Wyndham Worldwide Corporation (WYN), a noted hospitality company, announced that through its Exchange and Rentals business unit it is buying ResortQuest, a vacation rental firm in the U.S., for $56 million. The deal is expected to close by the end of the third quarter of 2010. ResortQuest’s...
3Oct2010 | vitalstocks | 0 comments | Continued(NOC) Northrop Grumman Earns $2.63 Billion IT Contract
Aerospace and defense company Northrop Grumman Corporation (NOC) announced that it received a contract worth $2.63 billion from the U.S. General Services Administration (GSA). Northrop will install information technology (IT) infrastructure at the U.S. Department of Homeland...
3Oct2010 | vitalstocks | 0 comments | Continued(BA) Boeing Announces Order for Six 777-300ERs to Cathay Pacific Airways
Boeing (BA), as announced yesterday, will be delivering six additional Boeing 777-300ERs (extended range) to Cathay Pacific Airways, one of the world’s leading jetliner operators. The Hong Kong-based carrier exercised its purchase rights making this the fourth consecutive addition...
3Oct2010 | vitalstocks | 0 comments | Continued(EQIX) Equinix Expands Facility in Japan
Global provider of network-neutral data centers and Internet exchange services, Equinix Inc. (EQIX) is expanding its operations in Tokyo, Japan. The company has recently announced that it has plans to build its third International Business Exchange (IBX) data center in Tokyo,...
3Oct2010 | vitalstocks | 0 comments | Continued(BMY) Bristol-Myers Squibb Trial Presents Encouraging Data
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, active-controlled, randomized, parallel-group, double-blind, study (n=814). The patients enrolled in the study,...
3Oct2010 | vitalstocks | 0 comments | Continued(JPM) U.S. Bank Failures Climb to 127 in 2010
Bank failures continue unabated as the U.S. regulators closed down two more banks in Florida and Washington on Friday, pushing up the figure to 127 so far in 2010. This compares with a total number of 140 bank failures in 2009, 25 in 2008 and just 3 in 2007. While the bigger...
3Oct2010 | vitalstocks | 0 comments | Continued(ED) Consolidated Edison to Issue 6.3 Million Shares
Consolidated Edison Inc. (ED) announced that it will issue 6.3 million shares on October 1, 2010. Con Edison expects to invest the net proceeds from the sale of the common shares in its regulated utility subsidiary, Consolidated Edison Company of New York, Inc., to fund its construction...
3Oct2010 | vitalstocks | 0 comments | Continued(NFLX) Netflix Announces License Agreement with General Electric’s NBC
A leading provider of online movie rental services, Netflix Inc. (NFLX) recently signed an expanded license agreement with General Electric’s (GE) NBC Universal Domestic Television Distribution division. Under the terms of the agreement, Netflix subscribers will be able to...
3Oct2010 | vitalstocks | 0 comments | Continued(GE) General Electric Wins Large Brazilian Contract
GE Transportation, a unit of General Electric Co. (GE), clinched the largest locomotive purchase order in Brazil from MRS Logistica S.A. (“MRS”), a Brazilian rail operator. The announcement was made public at InnoTrans 2010, the world’s largest rail exhibition in Berlin,...
3Oct2010 | vitalstocks | 0 comments | Continued(BHI) U.S. Onshore Rig Count to Outperform Offshore
Though the U.S. land rig counts fell slightly last week, we continue to believe that onshore market will outperform offshore in the near term. The weekly (09.24.2010) release on rig counts from Baker Hughes Inc. (BHI) showed that the U.S. land rig counts were down by 5 to 1635...
3Oct2010 | vitalstocks | 0 comments | Continued(MTB) M&T Bank and Banco Santander SA Deal Stalls Again – End near?
The M&T Bank (MTB) and Banco Santander SA (STD) deal has stalled again, according to a Wall Street Journal report. The deal is said to be dead since the companies failed to reach a consensus on who will control the merged entity. The deal has been a matter of discussion for...
3Oct2010 | vitalstocks | 0 comments | Continued(MWE) MarkWest Starts Majorsville Project
MarkWest Liberty Midstream & Resources L.L.C and NiSource Midstream Services (‘NMS”) announced the start-up of operations for projects in the Majorsville Processing complex in West Virginia. MarkWest Liberty Midstream & Resources is a joint venture of MarkWest Energy...
3Oct2010 | vitalstocks | 0 comments | Continued(JNPR) Juniper Networks Secures New Deals With Dutch Internet Provider
Juniper Networks Inc. (JNPR), one of the leading providers of networking infrastructure products and services, announced that IP2 Internet, a Dutch Internet service provider, has deployed its entire range of network infrastructure for growing its business. Financial terms of...
3Oct2010 | vitalstocks | 0 comments | Continued(BA) Boeing Signs Contract for Four 777-300ER Aircraft for Air China
The Boeing Company (BA) has inked a deal to supply four 777-300ERs (Extended Range) to Air China, the flagship carrier of the People’s Republic of China, for $1.1 billion. The addition of the four Boeing airplanes to Air China’s kitty would help expand its international...
3Oct2010 | vitalstocks | 0 comments | Continued(XRX) Xerox Share Price is Ready to Double
by Alexander Moschina, Investment U Research Tuesday, September 28, 2010 Sometimes, it’s an earnings surprise that sends shares soaring. Other times, it’s the successful launch of a new product, or a new CEO takes the reins. But many times, the driving force behind a stock...
3Oct2010 | InvestmentU | 0 comments | Continued