Archive for November, 2010
(GD) General Dynamics Analyst Maintains Neutral Rating on Shares
We recently reiterated our Neutral recommendation on General Dynamics Corporation (GD). General Dynamics, headquartered in Falls Church, Virginia is a market leader in business aviation; land and expeditionary combat systems, armaments and munitions; shipbuilding and marine systems;...
15Nov2010 | vitalstocks | 0 comments | Continued(TSO) Tesoro Third Quarter 2010 Earnings Scorecard
Earlier this month, independent refiner Tesoro Corporation (TSO) announced its financial results for the third quarter ended September 30, 2010. Now that the analysts have had some time to ponder upon the quarterly performance of Tesoro, they are weighing in their estimate revisions....
15Nov2010 | vitalstocks | 0 comments | Continued(URS) URS Corporation Marine Corps Contract
URS Corporation (URS) has won a contract to provide consultancy and fabrication services for communications and electrical distribution systems at Marine Corps base Camp Pendleton in California. The order has several embedded options for additional work which brings the potential...
15Nov2010 | vitalstocks | 0 comments | Continued(INCY) Incyte Loss Smaller Than Forecast – Revenues Strong
Incyte Corporation (INCY) suffered a loss of 26 cents per share in the third quarter of 2010. Loss in the reported quarter was narrower than the Zacks Consensus Estimate of a loss of 33 cents and the year-ago loss (excluding special items) of 39 cents per share. The strong performance...
15Nov2010 | vitalstocks | 0 comments | Continued(NOC) Northrop Grumman Earns UK Airborne Warning Defense Contract
Northrop Grumman Corporation (NOC) has been awarded a $64 million contract by the U.K. Ministry of Defence to design and develop an upgraded airborne defense system to be used for the Airborne Warning and Control System aircraft. The airborne defense system to be upgraded known...
15Nov2010 | vitalstocks | 0 comments | Continued(SWKS) Skyworks Solutions Beats Revenue Expectations
Skyworks Solutions, Inc. (SWKS) posted a net income of $46.8 million or 25 cents in the fourth quarter of fiscal 2010, down 20% year over year due to tax adjustment related charges. Excluding one-time items, but including stock-based compensation expenses, net income per share...
15Nov2010 | vitalstocks | 0 comments | Continued(TEVA) Teva Pharmaceutical Industries Beats The Street on Earnings
Teva Pharmaceutical Industries’ (TEVA) third quarter earnings of $1.30 per American Depository Share (ADS) were above the Zacks Consensus Estimate of $1.27 and the year-ago earnings of 89 cents. Teva’s top-line performance remained strong with revenues increasing 19.7% to...
15Nov2010 | vitalstocks | 0 comments | Continued(PPG) Why Share Buybacks Are One of the Most Bullish Signals You Can Get
by Alexander Green, Investment U’s Chief Investment Strategist Monday, November 8, 2010: Issue #1383 For months, U.S. public companies have sat on record piles of cash – more than $1.8 trillion. Now, many are finally putting it to work. But they’re not hiring more workers,...
15Nov2010 | InvestmentU | 0 comments | Continued(AIG) American International Group Moves to Loss on High Charges
American International Group Inc. (AIG) reported third quarter operating loss of $200 million or $1.47 per share, dramatically behind the Zacks Consensus Estimate of $1.35 per share and operating income of $1.62 billion or $2.42 per share in the year-ago period. On a GAAP basis,...
15Nov2010 | vitalstocks | 0 comments | Continued(ASR) Grupo Aeroportuario del Sureste, S.A.B. de C.V. Posts Higher Traffic
Grupo Aeroportuario del Sureste, S.A.B. de C.V. (ASR) recorded a 5.1% increase in passenger traffic in October 2010 compared with the year-ago period. Domestic traffic rose 0.3% while International traffic shot up by 10.3% year over year. During the third quarter of fiscal 2010,...
15Nov2010 | vitalstocks | 0 comments | Continued(GE) General Electric to Invest Over $2 Billion in China
General Electric Company (GE) recently announced that it would be making an investment of above $2 billion to expand its research and development activity in China through 2012. The investment will also aid in the development of joint ventures in technology and financial services. The...
15Nov2010 | vitalstocks | 0 comments | Continued(JNJ) Pharma & Biotech Industry Outlook – November 2010 – Industry Outlook
With 2010 coming to an end, the pharmaceutical industry continues to witness major challenges like sluggish prescription trends, EU pricing pressure, intensifying generic competition and limited late-stage catalysts. The next five years are expected to reflect a significant imbalance...
15Nov2010 | vitalstocks | 0 comments | Continued(CAT) Stock Market News for November 10, 2010 – Market News
Investors approached the current week prepared to book profits from a rally last week that raised stocks to their highest level since September 2008, prior to the collapse of Lehman Brothers. The greenback, which has lately developed an inverse relationship with the stock market,...
15Nov2010 | vitalstocks | 0 comments | Continued(GR) Goodrich Corporation Expanding Polish Footprint
Goodrich Corporation (GR) has begun work on a new manufacturing plant in Rzeszow, Poland. The company bought the 13-acre site in southeast Poland in 2008. The company will invest $50 million in the operation, which will have 250 employees. The new plant will support the company’s...
15Nov2010 | vitalstocks | 0 comments | Continued(CSCO) Cisco Systems Shares Slip on Earnings and Revenues
Networking gear giant Cisco Systems (CSCO) reported fiscal 1st quarter 2011 earnings after the bell Wednesday, missing the Zacks Consensus Estimates slightly on both the top and bottom lines. Cisco brought in $10.75 billion in revenues in the quarter, below the $10.76 billion...
15Nov2010 | vitalstocks | 0 comments | Continued(GE) General Electric to Invest $500 Million in Brazil
General Electric Company (GE) announced plans to put in more than $500 million into its Brazilian operations. GE announced that it will focus on areas including oil, gas, renewable energy, mining and transportation. The company also plans to build a $100 million R&D center...
15Nov2010 | vitalstocks | 0 comments | Continued(BAC) Bank of America and PNC Financial Services Group Sell BlackRock Stake
Bank of America Corporation (BAC) and PNC Financial Services Group Inc. (PNC) sold $8.3 billion of stock in the world’s largest money manager, BlackRock Inc. (BLK), on November 9. The largest stakeholders of BlackRock disposed of their share as this was not vital to their...
15Nov2010 | vitalstocks | 0 comments | Continued(TEF) Telefonica Reports Strong Quarterly Earnings Results
Spanish telecom giant Telefonica (TEF) reported results for the first nine months of 2010 with earnings per share of €1.95 ($2.57) above €1.17 in the year-ago period. Despite weak Spanish operations, revenue growth in Latin America led to strong results for the period. Notably,...
15Nov2010 | vitalstocks | 0 comments | Continued(JEC) Jacobs Engineering – Bear of the Day
We have downgraded 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...
15Nov2010 | vitalstocks | 0 comments | Continued(BBY) Best Buy Incorporated – Consensus Estimates Climb
Will holiday cheer rain down on the electronics retailers this year? Best Buy Inc. (BBY) is scheduled to report third quarter results in the middle of the holiday season but is coming off of a 36.4% earnings beat in the fiscal second quarter. It is trading at just 12.4x forward...
15Nov2010 | vitalstocks | 0 comments | Continued(PCLN) Priceline.com – Strong Balance Sheet
Priceline.com, Inc. (PCLN) is one of the hottest momentum stocks on the Street right now, recently surging to a new all-time high at $428.10 after reporting excellent Q3 results that beat expectations. Throw in rising estimates and a bullish growth projection, and this Zacks...
15Nov2010 | vitalstocks | 0 comments | Continued(DE) Deere & Company – Bull of the Day
Deere & Co. (DE) generates the highest operating margin in the industry. During the third quarter of fiscal 2010, the company delivered earnings per share of $1.44, surpassing the Zacks Consensus Estimate of $1.25 and outperforming its peer Caterpillar Inc. by $0.22. With...
15Nov2010 | vitalstocks | 0 comments | Continued(JPM) 2010 U.S. Bank Failures Stretch to 146
The ongoing economic volatility took its toll on three more banks last week. Out of the three banks shuttered by the U.S. regulators last Friday, two were based in Georgia and one in Arizona. This brings the total number of bank failures to 146 so far in 2010, compared to 140...
15Nov2010 | vitalstocks | 0 comments | Continued(DAL) U.S. Airlines’ Ticket Prices Spin Up a Financial Tailwind
by Martin Denholm, Investment U’s Senior Editor Thursday, October 21, 2010 I’m currently looking for a flight back home to England over Christmas. Now, I know it’s the holiday season and all – and one of the busiest travel periods – but given what some airlines are...
15Nov2010 | InvestmentU | 0 comments | Continued(LLL) L-3 Communications Holdings Earns Another Contract
L-3 Communications Holdings Inc. (LLL) announced that its STRATIS division has been selected as one of the three prime contractors for the Intelligence Support Services-Afghanistan (ISS-A) contract. Under this contract, L-3 has already been awarded two firm fixed-price task orders...
14Nov2010 | vitalstocks | 0 comments | Continued(LNC) Lincoln National Investors Get Early Christmas
After successfully reconstructing its debt, Lincoln National Corp. (LNC) made yesterday eventful by outlining a number of ways to return wealth to shareholders, which includes a dividend hike, resumption of share repurchase program and redemption of preferred securities. The...
14Nov2010 | vitalstocks | 0 comments | Continued(COV) Covidien plc Quarterly Earnings Top Expectations – Profits Skyrocket
Ireland-based health care product maker Covidien plc (COV) reported fourth-quarter fiscal 2010 (ended September 24) adjusted earnings per share of 84 cents, exceeding the Zacks Consensus Estimate of 74 cents and the year-ago earnings of 71 cents. For fiscal 2010, adjusted earnings...
12Nov2010 | vitalstocks | 0 comments | Continued(GS) Goldman Sachs Group’s Disclosure Delay Earns Fine
Goldman Sachs Group Inc. (GS) has been fined $650,000 by The Financial Industry Regulatory Authority (FINRA) for its failure to disclose within a stipulated time the receipt of Wells Notice by two of its registered representatives.The Wells Notice was issued in relation with...
12Nov2010 | vitalstocks | 0 comments | Continued(PTR) New Kids on the Oil Block are China’s Oil Companies
by Tony D’Altorio, Investment U Research Wednesday, November 10, 2010 China’s quest for energy has become a hot topic in recent years. Its search for energy resources has changed the global energy landscape… perhaps forever. This year in particular, its national oil...
12Nov2010 | InvestmentU | 0 comments | Continued(CSCO) Cisco Systems’ Shares Forward Guidance Pulls Down Shares
Cisco Systems’ (CSCO) first quarter 2010 earnings (excluding one-time items and including stock based compensation) beat the Zacks Consensus estimate by 2 cents, or 5.7%. Revenue was more or less in line, missing by 0.1%. As in the past, estimate revisions were minimal prior...
12Nov2010 | vitalstocks | 0 comments | Continued