Archive for October, 2010
(PBR) Petroleo Brasileiro S.A. Reports Another Oil Find in Brazil’s Santos Basin
Brazilian state-run energy giant Petroleo Brasileiro S.A. (PBR), or Petrobras S.A., announced the discovery of more light oil in the pre-salt reservoirs of the Tupi areain the country’s Santos Basin. The new well – the eighth in Tupi – reinforces the region’s potential...
17Oct2010 | vitalstocks | 0 comments | Continued(PFE) Pfizer is Financial Tides’ S&P 100 Pick of the Day
Pfizer (PFE) is my S&P 100 pick of the day. PFE is a research-based, global pharmaceutical company that discovers and develops innovative, value-added products that improve the quality of life of people around the world and help them enjoy longer, healthier, and more productive...
17Oct2010 | Shawn | 0 comments | Continued(LMT) Lockheed Martin Announces Increase in Quarterly Dividend
The largest U.S. defense contractor, Lockheed Martin Corporation (LMT) in an effort to enhance value for its shareholders, recently hiked its quarterly dividend by 12 cents to 75 cents. This translates to a 19% increase from the prior dividend of 63 cents. The increased dividend...
17Oct2010 | vitalstocks | 0 comments | Continued(CEO) CNOOC ADR Earns Outperform Rating from Analyst
Ahead of the quarterly results, we recommend an Outperform rating for CNOOC Ltd. (CEO) ADRs with the Zacks #1 Rank (Strong Buy). The recent upswing in CNOOC ADR performance (up more than 12% in the last three weeks) reflects the company’s solid balance sheet, premium assets...
17Oct2010 | vitalstocks | 0 comments | Continued(TLAB) Tellabs Analyst Maintains Neutral Rating on Shares
We reiterate our long-term Neutral recommendation for Tellabs Inc. (TLAB), which means the stock will perform mostly in line with the broader market. Tellabs’ next-generation advanced IP-access products are receiving increasing market traction. Huge demand for high-speed mobile...
17Oct2010 | vitalstocks | 0 comments | Continued(BRCM) Broadcom Corporation Analyst Reiterates Neutral Rating
We recently reiterated our NEUTRAL recommendation on Broadcom Corporation (BRCM). Broadcom’s product leadership and solid financial performance and strong cash flow generation continue to be the positives for the stock. Broadcom is well placed in the fast-growing wired and...
17Oct2010 | vitalstocks | 0 comments | Continued(LNG) Liquefied Natural Gas: When Will The United States Begin Exporting It?
by Tony D’Altorio, Investment U Research Friday, October 15, 2010 Though few know of it, the global energy industry might be in for some huge changes before long… Within the next five years, the U.S. could become a major natural gas exporter in the form of liquefied natural...
17Oct2010 | InvestmentU | 0 comments | Continued(DE) An Easy Way to Boost America’s Energy Independence
by David Fessler, Investment U’s Energy and Infrastructure Expert Friday, October 15, 2010: Issue #1367 You know, for all the talk about working towards greater energy independence through alternative energy resources like wind and solar power, there’s another much simpler...
17Oct2010 | InvestmentU | 0 comments | Continued(RIG) U.S. Lifts Gulf of Mexico Offshore Drilling Ban
The federal government has decided to lift its deepwater drilling moratorium in the Gulf of Mexico (“GoM”), weeks ahead of its scheduled late-November expiration. The Interior Department, which oversees offshore drilling, stressed that the newly issued technological...
17Oct2010 | vitalstocks | 0 comments | Continued(DOW) Chemical Industry Outlook – October 2010 – Industry Outlook
OVERVIEW The chemical industry comprises 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...
17Oct2010 | vitalstocks | 0 comments | Continued(NYT) New York Times’ Third Quarter 2010 Outlook Disappoints
The ongoing slump in advertising market continues to weigh upon The New York Times Company (NYT), the publisher of The New York Times, the International Herald Tribune, The Boston Globe and 15 other daily newspapers. This prompted the diversified media conglomerate to revisit...
17Oct2010 | vitalstocks | 0 comments | Continued(UNP) Union Pacific Launches Railroad Ad Campaign for New Opportunities
U.S. railroad giant Union Pacific Corp. (UNP) made history by launching its first national advertising campaign in nearly a decade, focused on creating new business opportunities. In the second quarter 2010, Union Pacific witnessed a record operating ratio of 69.4% compared with...
17Oct2010 | vitalstocks | 0 comments | Continued(ZUMZ) Zumiez Reports Strong September Comparable-Store Sales
Everett, Washington-based Zumiez Inc. (ZUMZ) reported comparable-store sales growth of 17.0% for September 2010. This compares with a 0.8% decrease in the year-ago period. The growth in comparable-store sales was driven by an increase in transactions, slightly offset by lower...
17Oct2010 | vitalstocks | 0 comments | Continued(SRE) Sempra Energy Enters 20-Year Agreement with Pacific Gas & Electric
Sempra Energy (SRE) entered into a 20-year power-purchase agreement with Pacific Gas & Electric Company (PCG) to sell 150 megawatts (MW) of solar power produced at its Mesquite Solar I project in Arizona. After completion in early 2013, Mesquite Solar I will produce enough...
17Oct2010 | vitalstocks | 0 comments | Continued(LLY) Eli Lilly’s Alimta Disappoints for Oncology Pipeline
Eli Lilly’s (LLY) oncology pipeline suffered a setback recently with the company reporting disappointing results on Alimta from a phase III study. Data, presented at the annual meeting of the European Society for Medical Oncology (ESMO), showed that Alimta failed to achieve...
17Oct2010 | vitalstocks | 0 comments | Continued(FWLT) Foster Wheeler AG Announces Contract for Gulf of Venezuela
Foster Wheeler AG (FWLT), through its Global Engineering and Construction Group, has received a pre-front-end engineering design (pre-FEED) and front-end engineering design (FEED) contract from a joint venture company of Eni Venezuela B.V and Repsol YPF Venezuela Gas, S.A. The...
17Oct2010 | vitalstocks | 0 comments | Continued(PM) Phillip Morris is Financial Tides’ S&P 100 Pick of the Day
Philip Morris International (PM) is the leading international tobacco company, with products sold in over 160 countries. They own 7 of the top 15 brands in the world and have a strong mix of international and local products that seek to appeal to a wide array of adult smokers. This...
17Oct2010 | Shawn | 0 comments | Continued(ALGN) Align Technologies – Bull of the Day
Strong performance by Align Technology (ALGN) during the last quarter was driven by robust growth of the Invisalign system, which led to growth in revenues and case shipments. Although the tough competitive scenario has led to decline in product prices, we believe that the company...
15Oct2010 | vitalstocks | 0 comments | Continued(FCN) FTI Consulting – Bear of the Day
FTI Consulting’s (FCN) second quarter 2010 earnings were in line with the Zacks Consensus Estimate. The company’s corporate/restructuring segment remains a drag on its growth due to softer trend in bankruptcy work and a slowdown in larger cases. The Technology segment...
15Oct2010 | vitalstocks | 0 comments | Continued(BMY) Bristol-Myers Squibb’s Pipeline Advances
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, were above...
15Oct2010 | vitalstocks | 0 comments | Continued(LUV) Southwest Welcomes AirTran On Board – And Sees Immediate 25% Growth
by Alexander Moschina, Investment U Research Friday, October 15, 2010 Southwest Airlines (NYSE: LUV) – the largest carrier of domestic passengers in the United States – has just tapped into a virtual cash machine… Hartsfield-Jackson International Airport in Atlanta. The...
15Oct2010 | InvestmentU | 0 comments | Continued(GOOG) Google Earnings Hit The Ball Out Of The Park – Shares Leap
Google Inc.’s (GOOG) third quarter earnings blew past the Zacks Consensus, beating by 80 cents, or 13.5%. Although the Zacks Consensus Estimate was closer to Google’s results when the company reported its second quarter results, estimates had dropped lower over the next 30...
15Oct2010 | vitalstocks | 0 comments | Continued(BAC) Stock Market News for October 15, 2010 – Market News
U.S. stocks closed almost unchanged on Thursday, managing to make up earlier losses as hopes that the Fed would soon take corrective measures to prop up the economy helped offset concerns about banks’ foreclosure practices. The Dow average snapped a four-day winning streak. Disappointing...
15Oct2010 | vitalstocks | 0 comments | Continued(X) United States Steel Corporation Analyst Reiterates Neutral Rating
We reiterate our Neutral recommendation on United States Steel Corporation (X), the fifth largest steel producer worldwide. U.S. Steel’s operating results have started reflecting the benefits of the gradual economic recovery in North America and Europe. The company’s raw...
15Oct2010 | vitalstocks | 0 comments | Continued(OPTR) Optimer Pharmaceuticals Announces Pipeline Progress
Optimer Pharmaceuticals, Inc. (OPTR) announced the submission of the first section of a rolling New Drug Application (NDA) to the US Food and Drug Administration (FDA) for its anti-infective candidate fidaxomicin. Optimer is seeking marketing approval of the candidate for treating...
15Oct2010 | vitalstocks | 0 comments | ContinuedOct 15: Retail Sales – Economic Highlights
Retail Sales increased by 0.6% in September to $367.7 billion annualized, higher than the expected increase of 0.4%, following an increase of 0.7% in August, (revised upwards from a 0.4% increase), after increasing by 0.3% in July. Over the past year, retail sales volume has...
15Oct2010 | vitalstocks | 0 comments | Continued(AMD) Company News for October 15, 2010 – Corporate Summary
• General Electric (NYSE:GE) reported better-than-expected third quarter earnings of $0.29 a share, ex-items, beating estimates of $0.27 on revenues that rose 25% to $35.9 billion, below estimates of $37.67 billion as a result of lower equipment sales and reduced GE Capital...
15Oct2010 | vitalstocks | 0 comments | Continued(SCHW) Charles Schwab Earnings Report Substantially Beats the Street
Charles Schwab Corporation’s (SCHW) third quarter earnings came in at 18 cents per share, substantially ahead of the Zacks Consensus Estimate of 9 cents. This also compares favorably with the year-ago quarter’s earnings of 17 cents. Earnings for the reported quarter exclude...
15Oct2010 | vitalstocks | 0 comments | Continued(AAPL) Bond Strategies for a Low Yield Environment
October 14, 2010 The Federal Reserve continues to be the enemy of savers. The minutes of the September Federal Open Market Committee (FOMC) meeting, released earlier this week, signaled the possibility of new actions to bring long-term interest rates down further. Specifically,...
15Oct2010 | Shawn | 0 comments | Continued(CSX) CSX Quarterly Earnings Beat Expectations on Strong Shipments
CSX Corporation (CSX), the second-largest U.S. railroad, reported its third quarter earnings of $1.08 per share, which was well above the Zacks Consensus Estimate of $1.04 and the year-ago earnings of 73 cents. Earnings per share shot up 48% year over year on strong shipment. Revenues...
14Oct2010 | vitalstocks | 0 comments | Continued