Archive for November, 2010

(KKD) Krispy Kreme Doughnut Expands into Thailand

Krispy Kreme Doughnut Inc. (KKD) enters in Thailand by opening its first franchise owned store and plans to open 20 more stores in the country by 2015. The company’s subsidiary Krispy Kreme Doughnut Corporation through its franchisee KDN Company Limited has opened the store.... 

1Nov2010 | | 0 comments | Continued

(IGT) International Game Technology Downgraded to Underperform

We have downgraded International Game Technology Inc. (IGT) to Underperform from our previous Neutral rating since replacements of gaming machines are likely to remain weak over the next year. We lower our price target to $13.00, indicating that the company would perform below... 

1Nov2010 | | 0 comments | Continued

(GD) General Dynamics Earns $400 Million U.S. Navy Contract

Aerospace and defense operator General Dynamics (GD) announced that its unit Electric Boat received a contract worth $400.6 million from the U.S. Navy to provide yard work, engineering and technical support for nuclear submarines. As per the contract, General Dynamics’ unit... 

1Nov2010 | | 0 comments | Continued

(EXPE) Expedia Quarterly Earnings Beat Expectations by 69%

Expedia Inc.’s (EXPE) second quarter earnings beat the Zacks Consensus by 38 cents or 69.1%, on revenue that beat by 5.1%. As a result, Expedia shares were up 3.29% in after-market trading yesterday. Revenue Revenue for the quarter was $987.9 million, up 18.5% sequentially... 

1Nov2010 | | 0 comments | Continued

(AAPL) Stock Market News for October 29, 2010 – Market News

Stocks had a mixed day on Thursday as investors weighed mixed earnings reports and a possible announcement from the Federal Reserve to buy bonds. 3M Co.’s downbeat earnings and its tepid full-year outlook wiped off market’s initial advance that was fueled by a surprise drop... 

1Nov2010 | | 0 comments | Continued

(BHI) Stock Market News for November 1, 2010 – Market News

Stocks had a flat day on Friday but closed out October on a solid footing as investors braced themselves for this week’s Federal Reserve meeting and the mid-term elections. Upward revision to second-quarter GDP also helped send indexes higher. The Dow average edged up slightly... 

1Nov2010 | | 0 comments | Continued

(AGP) Company News for October 29, 2010 – Corporate Summary

• Microsoft (NASDAQ:MSFT) reported fiscal first quarter earnings of $0.62, above Zacks estimates of $0.55, on a 25.3% revenue jump to $16.2 billion, up from estimates of $15.7 billion • Newell Rubbermaid (NYSE:NWL) reported third quarter earnings $0.01 cents higher than... 

1Nov2010 | | 0 comments | Continued

(MXIM) Maxim Integrated Products Reports Good First Quarter

Maxim Integrated Products’ (MXIM) first quarter earnings excluding special items and including stock-based compensation expenses beat the Zacks Consensus by 6 cents. Revenue was also slightly ahead of our expectations, beating by 1.8%. Revenue Maxim’s first quarter revenue... 

1Nov2010 | | 0 comments | Continued

(AAPL) Company News for November 1, 2010 – Corporate Summary

• Baker Hughes (NYSE:BHI) posted third quarter earnings of $0.54, $0.07 better-than-expected, on an 83% revenue surge to $4.1 billion, up from Street estimates of $3.8 billion • Humana (NYSE:HUM) beat estimates by $0.35 with third quarter adjusted earnings of $2.01, versus... 

1Nov2010 | | 0 comments | Continued

November 1, 2010 – AAII Asset Allocation Survey: Stock Allocations Rise to Six-Month High

Individual investors increased their allocations to stocks last month, according to the October AAII Asset Allocation Survey. Investors placed 60.2% of their portfolio dollars in equities, a six-month high and a five percentage point increase from September. The historical... 

1Nov2010 | | 0 comments | Continued

(CEG) Constellation Energy Group Offers to Sell Assets

Energy utility Constellation Energy Group Inc.(CEG) offered to dispose its interest in a Maryland nuclear power plant to its French partner Electricite de France at the bargain price of $1. However, Constellation will ask its French partner to reimburse expenses of $117 million,... 

1Nov2010 | | 0 comments | Continued

(MFE) McAfee Third Quarter 2010 Earnings Deliver Mixed Numbers

McAfee Inc. (MFE) reported third-quarter 2010 earnings per share of 46 cents, below the Zacks Consensus Estimate of 51 cents, while revenue of $523.0 million exceeded the Zacks Consensus Estimate of $514.0 million. Revenue McAfee Inc. reported third quarter revenue of $523.0... 

1Nov2010 | | 0 comments | Continued

(ITT) ITT Beats The Street – Increases Outlook

ITT Corporation (ITT) released its third quarter earnings result before the market opened today, reporting earnings per share from continuing operations of $1.08 and outperforming the Zacks Consensus Estimate of 99 cents. Earnings were up 6% year over year. Increased revenue... 

1Nov2010 | | 0 comments | Continued

(CEPH) Cephalon Reports Very Strong Quarterly Earnings

Cephalon, Inc. (CEPH) delivered another strong quarter with earnings coming at $2.14 per share, easily beating the Zacks Consensus Estimate of $1.79 and well above the year-ago earnings of $1.62. Strong revenues, a favorable product mix and the company’s continuing efforts... 

1Nov2010 | | 0 comments | Continued

(NBIX) Neurocrine Biosciences – Bull of the Day

With a strong financial position, we believe Neurocrine Biosciences (NBIX) is in an outstanding position to build shareholder value over the next several years. The company exited the third quarter with $130 million in cash and receivables, with the potential to earn several... 

1Nov2010 | | 0 comments | Continued

(JEC) Jacobs Engineering – Bear of the Day

We downgrade our recommendation on Jacobs Engineering (JEC) from Neutral to Underperform based on the company’s continuous decrease in backlog since the beginning of fiscal 2010, which is expected to negatively affect its top-line results in fiscal 2011. Hence, we reduce... 

1Nov2010 | | 0 comments | Continued
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