Archive for October, 2010
Oct 20: Crude Inventories – Economic Highlights
Crude inventories are expected today at 10:30 AM EST. For the week ending October 8, U.S. commercial crude oil inventories had decreased by 0.4 million barrels from the previous week to 360.5 million barrels and were above the upper limit of the average range for that time of...
20Oct2010 | vitalstocks | 0 comments | Continued(ABT) Company News for October 20, 2010 – Corporate Summary
• BlackRock (NYSE:BLK) topped sales and earnings projections with third quarter results of $2.75, $0.30 above Zacks estimates on revenues of $2.09 billion, up 83.5% and above Zacks estimates of $2 billion • Morgan Stanley (NYSE:MS) reported earnings of $0.23 ex-items, ahead...
20Oct2010 | vitalstocks | 0 comments | Continued(AAPL) Will the “Apple Effect” Continue?
by Alexander Moschina, Investment U Research Tuesday, October 19, 2010 It’s no secret that practically everything Apple (Nasdaq: AAPL) touches turns to gold. But these days the company isn’t just making its own shareholders rich… it’s spreading the wealth elsewhere… China...
19Oct2010 | InvestmentU | 0 comments | Continued(WDC) Western Digital First Quarter 2011 Earnings Beats Estimates
Western Digital Corp. (WDC) reported fiscal first quarter 2011 earnings of 84 cents per share beating Zacks Consensus Estimates of 81 cents per share. Earnings decreased 32.8% year-over-year and 32.3% sequentially, though revenue and hard-drive unit shipments increased from prior...
19Oct2010 | vitalstocks | 0 comments | Continued(PFE) Pfizer and Biocon Enter Gloabal Diabetes Deal
Pfizer (PFE) recently entered into a global agreement with Indian biotech company Biocon, for certain diabetes biosimilars. The deal relates to the global commercialization of biosimilar versions of insulin and insulin analog products like recombinant human insulin, glargine,...
19Oct2010 | vitalstocks | 0 comments | Continued(STJ) St. Jude Medical Aquires AGA Medical Holdings for $1.3 Billion
In a bid to boost its cardiovascular business, medical devices major St. Jude Medical (STJ) has struck a definitive agreement to acquire Plymouth, Minnesota-based heart devices maker AGA Medical Holdings (AGAM) for $1.3 billion. The transaction has been cleared by the Boards...
19Oct2010 | vitalstocks | 0 comments | Continued(YHOO) Yahoo Beats Expectations for Revenues
Yahoo! Inc. (YHOO) reported 3rd quarter earnings after the bell Tuesday with mixed results. On the top line, revenues were much better than expected at $1.6 billion — the most recent Zacks Consensus Estimate was for $1.13 billion in quarterly revenues. Net EPS was reported...
19Oct2010 | vitalstocks | 0 comments | Continued(EMC) EMC Reports Strong Third Quarter Earnings
EMC Corporation (EMC) reported strong third quarter 2010 results, with earnings up 47.1% year over year to 25 cents per share versus 17 cents in the third quarter of 2009. Earnings per share (including stock-based compensation but excluding restructuring charges) beat the Zacks...
19Oct2010 | vitalstocks | 0 comments | Continued(PH) Parker Hannifin Quarterly Earnings Beat Expectations
Parker Hannifin Corporation (PH) released its first quarter fiscal 2011 earnings result before the opening bell today, reporting earnings per share from continuing operations of $1.51. The company surpassed the Zacks Consensus Estimate of $1.07. Earnings for the period was more...
19Oct2010 | vitalstocks | 0 comments | Continued(OXY) Occidental Petroleum Beats Earnings Estimates
Occidental Petroleum Corporation (OXY) announced third quarter 2010 operating earnings of $1.47 per share versus $1.14 in the year-ago quarter, reflecting a growth of 28.9%. The third quarter result surpassed the Zacks Consensus Estimate of $1.37 by 10 cents. Total Revenue Occidental’s...
19Oct2010 | vitalstocks | 0 comments | Continued(GS) Goldman Sachs Group Quarterly Earnings Tops Estimates
The Goldman Sachs Group Inc.’s (GS) third quarter 2010 earnings per share of $2.98 were significantly ahead of the Zacks Consensus Estimate of $2.29. Goldman’s impressive results reflected strong performance in Investment Banking and lowered operating expenses. Though economic...
19Oct2010 | vitalstocks | 0 comments | Continued(AGN) Company News for October 18, 2010 – Corporate Summary
• Halliburton (NYSE:HAL) reported third quarter earnings of $0.58 a share, $0.02 higher than expected on a 30% revenue climb to $4.66 billion, above projections of $4.63 billion • Hasbro (NYSE:HAS) posted third quarter interims 5 cents above estimates at $1.09 on a 2.7%...
18Oct2010 | vitalstocks | 0 comments | Continued(C$) Citigroup Earnings Beat The Street’s Estimates
Citigroup Inc. (C) reported third quarter 2010 earnings of 7 cents per share, ahead of the Zacks Consensus Estimate of 5 cents. Excluding the pre-tax loss of $800 million ($435 million after-tax) related to the sale of The Student Loan Corporation, net income came in at $2.6...
18Oct2010 | vitalstocks | 0 comments | Continued(LMT) U.S. Budget Deficit Falling, Not Rising
The Budget Deficit is falling, not rising, although it remains at historically very high levels. In September, the Federal Government spilled $34.4 billion worth of red ink; that is $10.8 billion, or 23.9% less than it spilled in September 2009. The data, while extremely seasonal,...
18Oct2010 | vitalstocks | 0 comments | Continued(EMC) EMC Corporation Analyst Remains Neutral on Shares
We believe EMC Corp. (EMC), a leading provider of data storage systems, lacks positive growth catalysts to drive share price higher from current levels. We maintain our Neutral rating on EMC. EMC was the overall storage software market leader with a 22.7% market share in calendar...
18Oct2010 | vitalstocks | 0 comments | Continued(RSH) RadioShack Analyst Upgrades Shares to Outperform
We upgrade our recommendation on RadioShack Corp. (RSH) to Outperform based on our assessment that the company is likely to improve its earnings in the future reporting quarters as a result of a significant boom in the wireless industry. Currently it is a Zacks #1 Rank (Strong...
18Oct2010 | vitalstocks | 0 comments | Continued(SNY) Sanofi-Aventis Presents Encouraging Data on MS Drug
French pharmaceutical company, Sanofi-Aventis (SNY) recently presented encouraging results on its multiple sclerosis (MS) candidate, teriflunomide. Results from a phase III randomized, double-blind, placebo-controlled study (TEMSO) showed that teriflunomide helped reduce annualized...
18Oct2010 | vitalstocks | 0 comments | Continued(STJ) St. Jude Medical Third Quarter 2010 Earnings Preview
Medical devices giant St. Jude Medical (STJ) is scheduled to report its third-quarter fiscal 2010 results before the market opens on Wednesday, October 20, 2010. In its second-quarter commentary, the company stated that it expects to post third-quarter earnings per share between...
18Oct2010 | vitalstocks | 0 comments | Continued(DEJ) Dejour Announces Successful Third Well
Dejour (DEJ) announced the successful drilling of a third well on its Woodrush property in northeastern British Columbia. The new well should be producing oil at a rate of 300 to 400 barrels of oil per day by the end of October. As a result, total field production should increase...
18Oct2010 | vitalstocks | 0 comments | Continued(ACL) A Food Fight Over Nutraceuticals
by Tony D’Altorio, Investment U Research Monday, October 18, 2010 At first glance, the food and drug industries have very little in common. One is a relatively slow and safe business, the other a high-risk, high-reward venture. Yet these days, they seem to be moving in a...
18Oct2010 | InvestmentU | 0 comments | Continued(BSX) Boston Scientific Third Quarter 2010 Earnings Preview
Boston Scientific (BSX) is scheduled to release its third quarter fiscal 2010 earnings on October 19, 2010 after the market close. The company is expected to report EPS and revenue of 6 cents and $1.91 billion, respectively, during the quarter, according to the Zacks Consensus...
18Oct2010 | vitalstocks | 0 comments | ContinuedStealth Stocks Weekly Update – October 18, 2010 – 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 advanced today following a huge POMO by the Fed and ahead of...
18Oct2010 | vitalstocks | 0 comments | Continued(JNJ) Johnson & Johnson Third Quarter 2010 Earnings Preview
Johnson & Johnson (JNJ) is slated to report its third quarter 2010 earnings on Oct. 19, 2010. The current Zacks Consensus Estimate for the third quarter is $1.15 per share, representing a year-over-year decline of 4.3%. Johnson & Johnson has surpassed earnings estimates...
18Oct2010 | vitalstocks | 0 comments | Continued(IBM) IBM Quarterly Earnings Beat – Shares Drop
Investors knew what they were doing when pushing shares of IBM (IBM) to within a stone’s throw of its 52-week high in the run-up to its third-quarter report. After the bell on Monday, IBM announced earnings per share of $2.82 for the quarter, which beat the Zacks Consensus...
18Oct2010 | vitalstocks | 0 comments | Continued(H) Hyatt Hotels Corporation Announces Further Expansion in China
Hyatt Hotels Corporation (H), a leading global hospitality company, is set to further explore the Chinese hotel market. The company announced the signing of contracts to manage eleven additional hotels in China. This would double the company’s properties to 22. Hyatt currently...
18Oct2010 | vitalstocks | 0 comments | Continued(AAPL) Apple Incorporated’s Fourth Quarter 2010 Earnings Eats Everyone’s Lunch
The highly anticipated earnings report for Apple Inc.’s (AAPL) once again crushed upwardly revised guidance for the company’s fiscal 4th quarter 2010. Apple Inc. reported new all-time records in quarterly revenue and earnings: $20.34 billion and $4.31 billion, respectively....
18Oct2010 | vitalstocks | 0 comments | Continued(ZION) Zions Bancorp Beats Third Quarter Earnings Estimates
Zions Bancorp. (ZION) reported third quarter 2010 loss per share of 47 cents, narrower than the Zacks Consensus Estimate of 51 cents per share loss. Results were a significant improvement over the prior and year-earlier quarters. Zions ended the quarter with record high capital...
18Oct2010 | vitalstocks | 0 comments | Continued(MSFT) Microsoft is Too Big to Ignore – Jim Van Meerten – Marketocracy Capital Management
Microsoft (MSFT) has made a lot of people a lot of money but can new investors make money owning it in the future? Microsoft develops, manufactures, licenses, and supports a wide range of software products for a multitude of computing devices. Microsoft software includes scalable...
18Oct2010 | Shawn | 0 comments | Continued(SPY) U.S. Markets Await the Earnings Blitz
Zacks’ Voice of the People Highlights user inthemoneystocks: “Markets Await the Earnings Blitz” from the People & Picks community. For more Voice of the People, visit http://at.zacks.com/?id=5851 Featured Post Markets Await the Earnings Blitz The markets...
18Oct2010 | vitalstocks | 0 comments | Continued(SYK) Stryker Third Quarter 2010 Earnings Preview
Orthopedic devices major Stryker Corporation (SYK) is slated to release its third-quarter fiscal 2010 results on Tuesday, October 19, 2010. Although the company has not released any official guidance for the third quarter, it envisages foreign currency exchange to drag net sales...
18Oct2010 | vitalstocks | 0 comments | Continued