Archive for December, 2010
(DECK) Deckers Outdoor – Bull of the Day
Deckers Outdoor’s (DECK) sustained focus on new product introductions and geographic expansion has helped achieved robust growth. The company delivered better-than-expected third-quarter 2010 results on the heels of strong demand for the product lines under the UGG and...
20Dec2010 | vitalstocks | 0 comments | Continued(BHI) U.S. Drilling Rig Count Drops
In its weekly release, Houston-based oilfield services company Baker Hughes Inc. (BHI) reported a fall in the U.S. rig count (number of rigs searching for oil and gas in the country), primarily reflecting a decrease in the land rig count. The Baker Hughes rig count, issued since...
20Dec2010 | vitalstocks | 0 comments | Continued(APSG) Company News for December 20, 2010 – Corporate Summary
• AT&T (NYSE:T) plans a $1.925 billion purchase of Qualcomm’s (NASDAQ:QCOM) wireless spectrum • Sasol (NYSE:SSL) offered $1.04 billion for 50% stake in Talisman Energy’s (NYSE:TLM) share gas assets • Raytheon (NYSE:RTN) has offered shareholders $38 per...
20Dec2010 | vitalstocks | 0 comments | Continued(ACN) Stock Market News for Dec 20, 2010 – Market News
On Friday, the tax package, which had been in news for past couple of weeks and often swayed the markets, was finally signed by the US President. However, markets closed ahead of the tax bill being turned into law and the indices ended almost flat. In addition, there were positive...
20Dec2010 | vitalstocks | 0 comments | Continued(CAH) Cardinal Health Gets Antitrust Clearance
Cardinal Health (CAH) recently announced that antitrust regulators had cleared its $1.3 billion takeover of Kinray, a leading pharma distributor with a presence in the New York metropolitan area. In this regard, the Federal Trade Commission (“FTC”) had approved early termination...
20Dec2010 | vitalstocks | 0 comments | Continued(CEO) Profit As China Invests in Argentina
by Tony D’Altorio, Investment U Research Monday, December 20, 2010 China’s large appetite for commodities has it heading into South America. And Brazil and Argentina are getting the lion’s share of its interest. Chinese companies have spent over $15 billion just on...
20Dec2010 | InvestmentU | 0 comments | Continued(NRG) NRG Energy Announces Aquisition of Solar Unit
Energy generation company NRG Energy Inc. (NRG) announced that its unit NRG Solar has acquired a 290 megawatt (MW) solar project from First Solar Inc. (FSLR). This acquisition cements NRG Energy’s alliance with First Solar, as the latter has recently agreed to assist...
20Dec2010 | vitalstocks | 0 comments | ContinuedWhy Home Prices Won’t Rebound in 2011
by Alexander Green, Investment U’s Chief Investment Strategist Monday, December 20, 2010: Issue #1411 Anyone who reads my investment commentary knows I’m an optimist. But I like to think I’m a rational one. When the economy tanks, I know it will mend eventually. The same...
20Dec2010 | InvestmentU | 0 comments | Continued(CAH) Cardinal Health Announces Buy of Kinray
Cardinal Health (CAH) recently announced plans to purchase Kinray Inc., a leading pharma distributor with a presence in the New York metropolitan area. The cash deal will enhance Cardinal’s capability to cater to retail independent pharmacies in the northeastern U.S. markets....
19Dec2010 | vitalstocks | 0 comments | Continued(LLY) Eli Lilly and Company Gets FDA Approval of Axiron
Eli Lilly and Company (LLY) and partner Acrux recently announced good news in the form of US Food and Drug Administration (FDA) approval for Axiron. The FDA approved Axiron for use as a replacement therapy in men for certain conditions associated with testosterone deficiency...
19Dec2010 | vitalstocks | 0 comments | Continued(EPD) nterprise Products Partners and Enterprise GP Holdings Wrap up Merger
One of the nation’s biggest pipeline operators, Enterprise Products Partners L.P. (EPD) and Enterprise GP Holdings LP (“EPE”) have completed a unit-based merger. Enterprise GP is now a subsidiary of Enterprise Products. Per the agreement, for every 1 unit, EPE unitholders...
19Dec2010 | vitalstocks | 0 comments | Continued(BA) New Orders for Durable Goods Fall
New Orders for Durable Goods fell 3.3% in October. That was much worse than the consensus expectations for a decline of 0.3%. The bad news cannot just be pegged on the extremely volatile Transportation Equipment side, and more specifically, from the Non-Defense Aircraft component,...
19Dec2010 | vitalstocks | 0 comments | Continued(PCE) Income, Spending and Savings All Rise
In October, Personal Income rose 0.5%, a nice improvement over the 0.0% change in September, and matching the 0.5% increase in August. It was also above the consensus expectation of a 0.4% increase. In addition, we got upward revisions to both the September and August numbers...
19Dec2010 | vitalstocks | 0 comments | Continued(GPS) Gap Third Quarter 2010 Earnings Scorecard
On November 18, 2010, Gap Inc. (GPS) reported third-quarter fiscal 2010 earnings per share of 48 cents, and met the Zacks Consensus Estimate. The company continues to expect earnings of $1.77 to $1.82 per share for fiscal 2010, compared with $1.58 per share earned in the prior...
19Dec2010 | vitalstocks | 0 comments | Continued(BMC) BMC Software Announces New Client for Service-Desk Solution
Leading large enterprise software company BMC Software Inc. (BMC) recently announced that the New Zealand Transport Agency (NZTA) has successfully implemented its cloud-based, service-desk solution. Financial terms of the deal were not divulged. The NZTA was formed through a...
19Dec2010 | vitalstocks | 0 comments | Continued(ISLN) $16.7 Billion Cloud Computing Industry to be Dominated by One Company?
by Alexander Moschina, Investment U Research Friday, December 17, 2010 Action in the data storage sector just keeps getting hotter. On November 15, mid-cap Seattle tech firm, Isilon Systems (Nasdaq: ISLN) received a $2.25 billion takeover offer from EMC Corporation (NYSE:...
19Dec2010 | InvestmentU | 0 comments | Continued(ALV) Autoliv Announces Increased Dividend
Autoliv Inc. (ALV) raised its quarterly dividend payment for the second time of the year by 14% to 40 cents per share from 35 cents. The raised dividend is close to the highest dividend of 41 cents paid by the company before the global economic crisis. It will be paid on March...
19Dec2010 | vitalstocks | 0 comments | Continued(CRL) Charles River Laboratories Discusses 2011 Outlook
Charles River Laboratories (CRL) recently discussed its business outlook with investors and clarified its focus on four key initiatives to drive shareholder value. The company also announced 2011 guidance and made some changes to its 2010 outlook. The four key initiatives are...
19Dec2010 | vitalstocks | 0 comments | Continued(OMAB) Grupo Aeroportuario del Centro Norte to Invest $500 Million in 13 Airports
Mexican airport operator, Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (OMAB), declared an investment of MXN$500 million for better handling of baggage in its 13 airports. A part of the investment will be financed by UPS Capital Business Credit. As the market is gradually...
19Dec2010 | vitalstocks | 0 comments | Continued(ALL) Allstate Ratings Affirmed by A.M. Best
Yesterday, A.M. Best Co. affirmed the credit and debt ratings of Allstate Corp. (ALL) and its subsidiaries namely, Allstate Insurance Group, Allstate Financial and Allstate Life Insurance Co. The rating agency has affirmed issuer credit ratings (ICR) of “a-” and debt ratings...
19Dec2010 | vitalstocks | 0 comments | Continued(BMC) BMC Software Announces CenITex Deal
Leading large enterprise software company, BMC Software Inc. (BMC) recently announced that CenITex, the shared-services information technology (IT) agency of the government of Victoria (Australia) has successfully implemented its proactive operations monitoring and management...
19Dec2010 | vitalstocks | 0 comments | Continued(AZO) AutoZone Plans Share Buyback
AutoZone Inc. (AZO) has authorized the repurchase of an additional $500 million of its common stock under its ongoing share repurchase program on top of an authorization of another $500 million in September this year. Since the inception of the share repurchase program in 1998,...
19Dec2010 | vitalstocks | 0 comments | Continued(REG) Regency Centers Acquires Willow Festival Shopping Center
Regency Centers Corp. (REG), a leading operator and developer of grocery-anchored and community shopping centers across the U.S., has recently acquired Willow Festival, a 405,227 square foot neighborhood shopping center in the Chicago metro area. The company purchased the property...
18Dec2010 | vitalstocks | 0 comments | Continued(AZN) AstraZeneca Suffers FDA Regulatory Setback
AstraZeneca (AZN) recently suffered a major setback with the US Food and Drug Administration (FDA) issuing a complete response letter (CRL) for Brilinta (ticagrelor). The company was seeking approval for the use of Brilinta in the treatment of acute coronary syndrome (ACS). The...
18Dec2010 | vitalstocks | 0 comments | Continued(ORCL) Oracle Beats Earnings Goals on All Fronts
Software giant Oracle Corp.’s (ORCL) second quarter fiscal 2011 earnings and revenues easily outpaced the Zacks Consensus Estimates on the back of strong new software license sales (sales to new customers) and growth in hardware sales, boosted by the acquisition of Sun Microsystems...
17Dec2010 | vitalstocks | 0 comments | Continued(DFS) Discover Financial Services Beats Analyst Estimates
Discover Financial Services (DFS) reported a fiscal fourth quarter earnings of $346.5 million or 64 cents per share, well ahead of the Zacks Consensus Estimate of 42 cents. The prior-year quarter posted a net loss of $77.9 million or 14 cents per share, excluding an after-tax...
17Dec2010 | vitalstocks | 0 comments | Continued(NDAQ) Nasdaq OMX Group to Purchase FTEN Incorporated
Expanding its risk management solutions, yesterday, Nasdaq OMX Group Inc. (NDAQ) announced its agreement to acquire leading real-time risk management solutions provider, FTEN Inc., for an undisclosed amount. Besides, while other terms of the deal are yet to be revealed, it is...
17Dec2010 | vitalstocks | 0 comments | Continued(AAPL) Stock Market News for Dec 17, 2010 – Market News
The markets closed with modest gains, yesterday, drifting away from any further late-day sell-off that had affected stocks in the last few days. The indices ended on a winning side, helped by positive economic data and higher profit outlook from package shipper FedEx Corporation...
17Dec2010 | vitalstocks | 0 comments | Continued(ACN) Company News for December 17, 2010 – Corporate Summary
• Oracle (NASDAQ:ORCL) reported fiscal second quarter earnings of $0.51, beating the Zacks Consensus Estimate of $0.44, on revenues of $8.6 billion that topped the Zacks Consensus Estimate of $8.3 billion • Take-Two Interactive Software (NASDAQ:TTWO) posted stronger fiscal...
17Dec2010 | vitalstocks | 0 comments | Continued(GIS) General Mills Second Quarter 2011 Earnings Preview
General Mills Inc. (GIS), one of the leading branded foods companies in the US, is scheduled to report its second-quarter 2011 financial results on Thursday, December 16, 2010. The current Zacks Consensus Estimate for the quarter is 78 cents a share. First-Quarter 2011, a Synopsis General...
16Dec2010 | vitalstocks | 0 comments | Continued