Archive for December, 2010
Dec 16 – Bullish Sentiment Above Average for 15th Week – AAII Sentiment Survey
Bullish sentiment, expectations that stocks prices will rise over the next six months, stayed above its historical average for the 15th consecutive week in the latest AAII Sentiment Survey. Optimism registered 50.2%, a 2.8 percentage-point dip from the previous week. Neutral...
16Dec2010 | vitalstocks | 0 comments | Continued(RIMM) Research In Motion Fiscal Third Quarter 2011 Earning Preview
Research In Motion Ltd. (RIMM) will announce the third quarter financial results of fiscal 2011 on December 16, after the closing bell. We expect the earnings momentum to continue for the company due to two reasons. First, third and fourth quarters of fiscal year generally remains...
15Dec2010 | vitalstocks | 0 comments | Continued(AMGN) Stock Market News for Dec 15, 2010 – Market News
On Tuesday, the markets closed almost flat after a muted view from the Federal Reserve about the economic recovery. However, stocks were helped marginally by the positive report on retail spending. The Dow Jones Industrial Average rose 0.4% to 11,476.54.The Standard & Poor’s...
15Dec2010 | vitalstocks | 0 comments | Continued(ABV) Company News for December 15, 2010 – Corporate Summary
• Joy Global (NASDAQ:JOYG) reported fiscal fourth quarter earnings of $1.39, ahead of the Zacks Consensus Estimate of $1.16, on revenues of $1.05 billion that topped the Zacks Consensus Estimate of $925.0 million. The firm provided upside 2011 guidance of $5.00-$5.30, above...
15Dec2010 | vitalstocks | 0 comments | Continued(L) Loews Earns Standard & Poor’s Ratings Services Upgrade
Standard & Poor’s Ratings Services (S&P) upgraded the outlook on Loews Corporation (L) to “positive” from “stable”. The rating agency also affirmed the investment-grade counterparty credit rating of “A”. Based on Loews’ strength of...
15Dec2010 | vitalstocks | 0 comments | Continued(LGF) Activist Investors Are Ready to Fight in 2011
by Marc Lichtenfeld, Investment U’s Senior Analyst Wednesday, December 15, 2010: Issue #1408 The Chinese Zodiac says 2011 is the Year of the Rabbit. According to tradition, it’s supposed to be a period of relative calm and diplomacy, where people should opt for negotiation,...
15Dec2010 | InvestmentU | 0 comments | Continued(USM) U.S. Cellular Analyst Upgrades Shares to Neutral
We are upgrading our recommendation on U.S. Cellular (USM) to Neutral from Underperform. Although the largest wireless Chicago-based carrier missed the Zacks Consensus Estimate in the recently concluded third quarter, the increased penetration of smartphones led to earnings growth...
14Dec2010 | vitalstocks | 0 comments | Continued(UNP) Union Pacific Analyst Downgrades Shares to Neutral
We downgrade our recommendation for Union Pacific Corp. (UNP) to Neutral based on its current valuation, which has moved up by 52% in the last one year and is currently trading at higher multiples with respect to several valuation metrics compared to the S&P 500 average. Union...
14Dec2010 | vitalstocks | 0 comments | Continued(GE) General Electric Wins China Aviation Deals
CFM International, a 50/50 joint venture between General Electric Co (GE) and French company Snecma, has obtained contracts worth $2.1 billion for supply of engines and services to Air China, China Eastern Airlines and the HNA Group. The supply will include 20 CFM56-5B engines...
14Dec2010 | vitalstocks | 0 comments | Continued(ACN) Accenture Announces Plan to Acquire CRM Software Firm CAS Computer
Technology outsourcing and consulting major Accenture plc (ACN) recently announced its intention to acquire Germany-based customer relationship management (CRM) and mobility software provider CAS Computer AG. The acquisition is expected to close by the end of January 2011. Financial...
14Dec2010 | vitalstocks | 0 comments | Continued(XOM) ExxonMobil to Dispose of $2 Billion In North Sea Assets
According to a report by Sunday Times, oil major ExxonMobil Corporation (XOM) intends to dispose of its North Sea assets worth $2 billion Incorporatedluding its vast Beryl field, to focus more on other fast growing areas such as Brazil. The company declined to comment on the...
14Dec2010 | vitalstocks | 0 comments | Continued(GR) Goodrich to Supply Airborne Reconnaissance System to Egypt
Goodrich Corporation (GR) was awarded a contract under the U.S. Air Force’s Foreign Military Sale (FMS) contract to provide its advanced DB-110 airborne reconnaissance system for the Egyptian Air Force’s new Block 52 F-16 fighter aircraft. Egypt is the eighth country...
14Dec2010 | vitalstocks | 0 comments | Continued(ETP) Energy Transfer Partners L.P. Earnings Scorecard
Earlier this month, Energy Transfer Partners L.P. (ETP) – a master limited partnership (“MLP”) – 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 Energy...
14Dec2010 | vitalstocks | 0 comments | Continued(AAPL) Company News For December 14, 2010 – Corporate Summary
• Pfizer (NYSE:PFE) announced a quarterly dividend increase of 11% to $0.20 • Sanderson Farms (NASDAQ:SAFM) reported fiscal fourth quarter earnings of $2.08, beating Zacks Consensus Estimate of $1.69, on revenues of $529.1 million, which was ahead of Zacks Consensus Estimate...
14Dec2010 | vitalstocks | 0 comments | Continued(GD) General Dynamics Gets Marine Vehicle Contract
GeneralDynamics Land Systems – Canada, a business unit of General Dynamics Corporation (GD) received from the U.S. Marine Corps Systems Command a $317.4 million contract for upgrade kits under the Mine Resistant Ambush Protected (MRAP) vehicle program. The company expects to...
13Dec2010 | vitalstocks | 0 comments | Continued(DPL) DPL Increases Dividend
DPL Inc. (DPL) increased the quarterly dividend on its common stock from $0.3025 to $0.3325 per common share. This action increased the annualized dividend from $1.21 to $1.33 per common share. Over the years, management of DPL has rewarded shareholders by returning a substantial...
13Dec2010 | vitalstocks | 0 comments | Continued(BHI) U.S. Drilling Rig Count Increases by 10
In its weekly release, Houston-based oilfield services company Baker Hughes Inc. (BHI) reported a rise in the U.S. rig count (number of rigs searching for oil and gas in the country), primarily reflecting an increase in the land rig count. The Baker Hughes rig count, issued since...
13Dec2010 | vitalstocks | 0 comments | Continued(WU) Stock Market News for December 13, 2010 – Market News
On Friday, the markets ended slightly higher on positive economic data and better-than-expected rise in consumer sentiment. However, the markets’ upward movement was subdued somewhat due to investors’ cautious attitude towards European debt crisis, tensions between the two...
13Dec2010 | vitalstocks | 0 comments | Continued(AAPL) Company News For December 13, 2010 – Corporate Summary
• Thermo Fisher (NYSE:TMO) said it would purchase Dionex (NASDAQ:DNEX), a manufacturer of chemical analysis equipment, for $118.50 per share, or $2.1 billion • According to this weekend’s Barron’s, Mattel (NASDAQ:MAT) shares offer good value, with potential...
13Dec2010 | vitalstocks | 0 comments | Continued(MR) Mindray Medical International Makes Major Announcements at Radiology Society of North America
Leading Chinese medical devices maker Mindray Medical International Limited (MR) has announced major upgrades to its ultrasound systems at the ongoing Radiology Society of North America (“RSNA”) annual meeting in Chicago. The company will showcase two significant enhancements...
13Dec2010 | vitalstocks | 0 comments | Continued(AIG) American International Group Offers $2 Billion in Notes
Moving ahead with its capital restructuring, American International Group Inc. (AIG) finally entered the debt market yesterday, two years after the company was bailed out in 2008, as it intends to vend off $2.0 billion of bonds in two parts. The company has filed a regulatory...
13Dec2010 | vitalstocks | 0 comments | Continued(SIRI) SIRIUS XM Radio Reaches 20-Million Subscriber Milestone
Satellite radio services provider SIRIUS XM Radio Inc. (SIRI) has recently achieved a milestone, touching the 20-million subscriber base — a historic high. The company, which was facing bankruptcy just a year ago, is now steadily moving towards stability. SIRIUS XM’s...
13Dec2010 | vitalstocks | 0 comments | Continued(MA) MasterCard Buys Travelex’s Prepaid Card Program
Expanding its global prepaid business, yesterday MasterCard Inc. (MA) announced the acquisition of UK-based largest non-bank foreign exchange supplier and cross-border service provider, Travelex’s prepaid Card Program Management (CPM) division for an all-cash deal of £290...
13Dec2010 | vitalstocks | 0 comments | Continued(MSFT) Microsoft Corporation – Cloud Computing
It seems that everywhere we turn these days, the buzz is on about cloud computing. There are commercials that send people “to the cloud”, and never ending radio spots that refer to cloud computing. Get a grip folks! There is nothing special about using the internet...
13Dec2010 | Wax | 0 comments | Continued(ITW) Illinois Tool Works Reports 13% Revenue Increase in Fourth Quarter 2010
Illinois Tool Works Inc. (ITW) reported a 13% year-over-year rise in its operating revenues for the three months ended October 31, 2010. The increase records a 10% growth attributable to a hike in base revenue and 4% to acquisitions. Currency translation had a negative 1.0% impact...
13Dec2010 | vitalstocks | 0 comments | Continued(BNHN) Benihana Reports Four-Week Period Sales Rise
Miami-based Benihana Inc. (BNHN) posted restaurant sales of $23.0 million for the four-week period ending November 7, 2010, up 3.7% from $22.2 million in the year-ago period. This is the first four-week period of third quarter 2011. Results reflect the benefits of the Benihana...
13Dec2010 | vitalstocks | 0 comments | Continued(SWKS) Skyworks Solutions First Quarter 2011 Earnings Scorecard
Following the solid fourth quarter results of Skyworks Solutions (SWKS), estimates have been on the rise reflecting a positive sentiment among analysts covering the stock. Skyworks also provided an upbeat guidance for the first quarter of fiscal 2011 triggering an increase in...
13Dec2010 | vitalstocks | 0 comments | Continued(BP) BP Plc Continues to Sell Assets
British oil giant BP Plc (BP) agreed to divest its fuels marketing businesses in five southern African countries for $296 million to Puma Energy, subject to certain post-completion price adjustments. This move is reflective of the distressed oil major’s constant endeavor to...
13Dec2010 | vitalstocks | 0 comments | Continued(APC) Anadarko Petroleum Analyst Maintains Neutral Rating on Shares
We recently retained our Neutral recommendation on Anadarko Petroleum Corporation (APC). Texas based Anadarko Petroleum has a deep and diversified asset base comprising unconventional resources, which provide the company with substantial growth potential over the medium-to-long...
13Dec2010 | vitalstocks | 0 comments | Continued(AMMD) American Medical Systems Maintains Neutral on Shares
We maintain our Neutral recommendation on leading pelvic-health devices maker American Medical Systems (AMMD). Earnings for third-quarter fiscal 2010 beat the Zacks Consensus Estimate by a penny while profit plummeted 35% year over year as the year-ago profit was boosted by one-time...
13Dec2010 | vitalstocks | 0 comments | Continued