Archive for December, 2010
(STP) Suntech Power Holdings Company Posts Lower Profits
Suntech Power Holdings Company Ltd. (STP) posted 18 cents of earnings per American Depository Share (EPADS) in the third quarter compared to 16 cents in the year-ago quarter. However rising silicon wafer costs and weaker selling prices led to Suntech posting lower profits in...
7Dec2010 | vitalstocks | 0 comments | Continued(F) Ford Motor Cuts Mazda Stake to 3.5%
Ford Motor Co. (F) and its strategic partner, Japan’s Mazda Motor Corp, declared that the former has reduced its stake in the latter from 11% to 3.5%. Ford would get ¥31 billion ($372 million) by selling its stake in the company. With the stake sale, Ford would no longer be...
7Dec2010 | vitalstocks | 0 comments | Continued(BJRI) BJ’s Restaurants Reports 2010 Expansion Complete
BJ’s Restaurants Inc. (BJRI), which owns and operates a chain of high-end casual dining restaurants in the United States, announced that it has finally opened the tenth and last restaurant of fiscal 2010. The new restaurant covers an area of 8,500 square feet, which accommodates...
7Dec2010 | vitalstocks | 0 comments | Continued(ETN) Will the Market Bounce Last? – Five Stocks to Buy
Today’s strong bounce above Dow 11,000 is not a surprise when you consider the ingredients: Another country clean-up job in Europe Jobless Claims report under 450K (3 of the last 4 in that camp) Leading Economic Indicators at impressive levels for another month Philadelphia...
7Dec2010 | vitalstocks | 0 comments | Continued(ACE) ACE Limited Approves $600 Million Share Buyback
The board of directors of ACE Limited (ACE) approved a share buyback program, wherein the company is authorized to buy back up to $600 million of its common shares through December 31, 2012. The company with an intention to offset, in whole or in part, the expected dilution from...
7Dec2010 | vitalstocks | 0 comments | Continued(VPRT) Vistaprint N.V. Announces New Chief Financial Officer
Vistaprint N.V. (VPRT), one of the leading online providers of professional marketing products and services to micro businesses, recently announced the promotion of Ernst Teunissen to executive vice president and chief financial officer (CFO). Teunissen will replace current CFO...
7Dec2010 | vitalstocks | 0 comments | Continued(BA) China Breaks Airbus-Boeing Commercial Aircraft Monopoly
Commercial Aircraft Corp. of China (Comac) has secured its first 100 C919 passenger-aircraft orders, breaking the near monopoly enjoyed by Airbus S.A.S. and The Boeing Co. (BA). General Electric Co‘s (GE) leasing arm and China’s three largest domestic airlines by fleet...
7Dec2010 | vitalstocks | 0 comments | Continued(MCD) U.S. Employment Report In-Depth (part 2)
(Note: This article is a continuation from “Employment Report In-Depth [pt. 1].”) Long-Term Unemployment Long-term unemployment is a very different experience than short-term unemployment. It is not just an unplanned vacation, it is an existential treat to your standard...
7Dec2010 | vitalstocks | 0 comments | Continued(ANF) U.S. Employment Report In-Depth (part 1)
The economy added a total of 39,000 jobs in November. That is far below consensus expectations for a gain of 130,000. Government payrolls declined by 11,000 and the private sector added a total of 50,000. The consensus was looking for a decline of 10,000 Government jobs and thus...
7Dec2010 | vitalstocks | 0 comments | Continued(ROST) Ross Stores Reports Earnings In Line With Estimates – Reaffirms
Ross Stores Inc. (ROST) posted third-quarter 2010 earnings of $1.02 per share, in line with the Zacks Consensus Estimate. Results were 21% higher than 84 cents reported in the year-ago period. Net income was $121.1 million, up 16% from $105.1 million in the prior-year quarter. The...
6Dec2010 | vitalstocks | 0 comments | Continued(RTN) Raytheon Earns $240 Million Navy Contract
Defense contractor Raytheon Company (RTN) got a $240 million U.S. Navy contract for production and delivery of critical components of the Aegis weapons system for the Arleigh Burke class of destroyers. Aegis Weapon System is a sea-based Ballistic Missile Defense System. The system...
6Dec2010 | vitalstocks | 0 comments | Continued(AMT) American Tower Third Quarter 2010 Earnings Scorecard
American Tower Corp. (AMT) reported solid third quarter 2010 financial results, which outperformed the Zacks Consensus Estimate, driven by healthy growth at the company’s core Rental and Management business segment. Third Quarter 2010 Highlights During third quarter 2010, GAAP...
6Dec2010 | vitalstocks | 0 comments | Continued(WMGI) Wright Medical Group Analyst Maintains Shares at Neutral
We reaffirm our Neutral recommendation on Wright Medical Group (WMGI). Both revenues and earnings for third-quarter 2010 missed the Zacks Consensus Estimates. Sales were adversely affected by a slowdown in U.S. orthopedic reconstruction, mainly, knees and hips. The prognosis...
6Dec2010 | vitalstocks | 0 comments | Continued(MEE) Massey Energy’s Investigation into Explosion Takes New Direction
Massey Energy Co. (MEE) gave a new direction to the ongoing investigation to go into the cause of the April explosion at its Upper Big Branch mine in West Virginia, which killed 29 miners. Massey’s management said that, as per new evidence gathered by company experts, the deadly...
6Dec2010 | vitalstocks | 0 comments | Continued(KR) The Kroger Company Earnings 14% Ahead of Expectations
If there is one industry that can survive a recession, it’s grocery stores. People may cut back a bit or trade down to generic brands, but they still have to eat. The Kroger Co (KR) is one of the largest supermarket chains in the U.S., and the company weathered the last...
6Dec2010 | vitalstocks | 0 comments | Continued(PFE) Pfizer and Bristol-Myers Squibb Reports Another Pipeline Setback
Pfizer (PFE) and partner Bristol-Myers Squibb (BMY) recently suffered a setback with the development of their anti-clotting candidate, apixaban. The companies said that they have discontinued the development of the candidate in patients with acute coronary syndrome due to an...
6Dec2010 | vitalstocks | 0 comments | Continued(CSIQ) Canadian Solar Reports Earnings that Beat Estimates
Canadian Solar Inc. (CSIQ), boosted by higher demand for photovoltaic solar modules, reported an adjusted EPS of 47 cents in the third quarter of fiscal 2010, which beat the Zacks Consensus Estimate of 43 cents. The company’s results, however, came short of the year-ago quarterly...
6Dec2010 | vitalstocks | 0 comments | Continued(PTEN) Helmerich & Payne Reports Strong Fourth Quarter Earnings
Contract drilling services provider, Helmerich & Payne Inc. (HP) reported solid results for the fourth fiscal quarter of 2010 (three months ended September 30, 2010). As has been the case with peers that have already reported – Patterson-UTI Inc. (PTEN) and Nabors Industries...
6Dec2010 | vitalstocks | 0 comments | Continued(ZOLL) ZOLL’s Medical Earnings Per Share Beats Expectations – Profit Doubles
Resuscitation devices and software company ZOLL Medical (ZOLL) reported fourth-quarter fiscal 2010 (ended October 3) earnings of 33 cents, beating the Zacks Consensus Estimate of 31 cents and exceeding the year-ago earnings of 16 cents. Net income doubled year over year to $7.2...
6Dec2010 | vitalstocks | 0 comments | Continued(PETM) PetSmart Reports Quarterly Earnings in Line – Lifts Outlook
PetSmart Inc. (PETM), the specialty retailer of products, services, and solutions for pets, recently posted third-quarter 2010 earnings of 38 cents a share that came in line with the Zacks Consensus Estimate, and rose 22.6% from 31 cents earned in the year-ago quarter. Consequently,...
6Dec2010 | vitalstocks | 0 comments | Continued(GNW) Genworth Financial Issues $400 Million in Senior Notes
Genworth Financial Inc. (GNW) sold senior notes worth $400 million, bearing a coupon of 7.20% and maturing on February 15, 2021. The company increased the offer size from $300 million planned earlier. The company has offered these notes at 99.659% of face value to yield 7.25%...
6Dec2010 | vitalstocks | 0 comments | Continued(PFE) AAII Investor Update: Large-Cap Stocks With Higher Yields Than 10-Year Treasuries
Ten-year Treasuries are still yielding less than 3%, despite a recent rebound in yields. Since that’s not very much, I looked to see how easy it would be to create a diversified portfolio with higher yielding stocks. There were three primary characteristics I sought out...
6Dec2010 | Shawn | 0 comments | Continued(MCO) Moody’s Investors Service Rates Prudential’s Notes
The rating agency Moody’s Investors Service, an arm of Moody’s Corp. (MCO), has conferred a “Baa2” rating to senior unsecured notes worth $1 billion issued recently by Prudential Financial Inc. (PRU). The rating holds an investment grade status and carries a “stable”...
6Dec2010 | vitalstocks | 0 comments | Continued(MRGE) Merge Healthcare Analyst Upgrades Shares to Outperform
We have recently upgraded Merge Healthcare (MRGE) to Outperform with a target price of $4.75. Merge reported revenues of $45.2 million, up 167.5% from $16.9 million in the year-ago period. Results for the reported quarter include sales of AMICAS, which was acquired in April 2010....
6Dec2010 | vitalstocks | 0 comments | Continued(JLL) Jones Lang LaSalle Reports Moscow Office Prices to Surge
According to a report published by Jones Lang LaSalle Incorporated (JLL), a leading real estate investment trust (REIT), global office property prices will increase the most in Moscow as investors vie for premium assets. The report anticipates that office properties in Moscow...
6Dec2010 | vitalstocks | 0 comments | Continued(GENZ) Genzyme Corporation is in Deal for Sale of Diagnostic Business
Genzyme Corporation (GENZ) recently announced that it has entered into an agreement with Japanese company, Sekisui Chemical Co., Ltd. for the sale of its diagnostic products business. Sekisui will acquire Genzyme’s diagnostic products business for $265 million cash. The diagnostics...
6Dec2010 | vitalstocks | 0 comments | Continued(DELL) Dell Quarterly Report Exceeds Estimates
Dell Inc. (DELL) reported third quarter fiscal 2011 earnings per share (EPS) of 45 cents, exceeding the Zacks Consensus Estimate of 32 cents. Revenues Revenues for the third quarter of fiscal 2011 were $15.4 billion, up 19.0% from $12.9 billion reported in the year-ago quarter....
6Dec2010 | vitalstocks | 0 comments | Continued(MRVL) Marvell Quarterly Earnings Beats The Street – Guidance Lowered
Marvell Inc. (MRVL) reported third quarter fiscal 2011 adjusted earnings per share (EPS) of 41 cents, ahead of the Zacks Consensus Estimate of 38 cents. The adjusted EPS excludes amortization of intangible assets and restructuring charges, but includes stock-based compensation...
6Dec2010 | vitalstocks | 0 comments | Continued(BHI) U.S. Drilling Rig Count at 23-Month High
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...
6Dec2010 | vitalstocks | 0 comments | Continued(BAC) Stock Market News for December 6, 2010 – Market News
Investors brushed aside a disappointing jobs report that threatened to stall the December rally, sending stocks marginally higher and keeping hopes afloat that there’s still room for a further rally. Although the November jobs report disappointed on every count – unemployment...
6Dec2010 | vitalstocks | 0 comments | Continued