Archive for December, 2010
(ANF) Company News for December 6, 2010 – Corporate Summary
• Rio Tinto (NYSE:RIO) is reported to be in talks with a possible $3.2 billion offer in the works for Australian Riverdale Mining • Barron’s wrote favorably on Big Lots (NYSE:BIG) on valuation merits after last week’s earnings miss • According to All Things...
6Dec2010 | vitalstocks | 0 comments | Continued(AN) AutoNation Reports New Retail Vehicle Sales Up 16%
AutoNation Inc. (AN) sold 15,511 retail new vehicles in November, a 16% rise from the year-ago level. The sales growth was higher than 12% increase in sales in the U.S. auto industry, excluding sales to fleet buyers including rental car companies. Sales of the Domestic brands,...
6Dec2010 | vitalstocks | 0 comments | Continued(CVX) China Petroleum and Chemical Scores Offshore in Indonesia
China Petroleum and Chemical Corporation (SNP or Sinopec), one of the largest petroleum and petrochemical companies in Asia, has signed a deal with Chevron (CVX) to join the $6 billion-plus Gendalo-Gehem deepwater natural gas project off Indonesia’s East Kalimantan province. Sinopec...
6Dec2010 | vitalstocks | 0 comments | Continued(MDT) Medical Devices Industry Outlook December 2010 – Industry Outlook
Industry Dynamics The global medical devices industry is fairly large, intensely competitive and highly innovative with 2009 worldwide sales in excess of $220 billion. The U.S. accounts for approximately 41% of this market. The industry is divided into different segments such...
6Dec2010 | vitalstocks | 0 comments | Continued(CPKI) California Pizza Kitchen Announces Expansion in Mexico
California Pizza Kitchen Inc. (CPKI), one of the leading casual dining restaurant chains, recently announced that it has opened a 6,400 square feet restaurant, which accommodates a seating arrangement for 210 guests in Jardines del Pedregal, Mexico. This is California Pizza Kitchen’s...
6Dec2010 | vitalstocks | 0 comments | Continued(FOSL) Fossil Incorporated – Bull of the Day
Fossil Inc. (FOSL) designs, develops, markets and distributes fashion accessories globally. Its in-house team of designers and product specialists enable the company to stay ahead of the emerging lifestyle and fashion trends. In addition, the company has a vertically integrated...
6Dec2010 | vitalstocks | 0 comments | ContinuedStealth Stocks Weekly Update with Dennis Slothower for December 06, 2010
Summary of Recommendations We should see a minor pullback this week that should provide a better entry point by early next week. Market Commentary Stocks ended the day mixed after President Barack Obama said he was willing to compromise with Republicans on extending Bush-era...
6Dec2010 | vitalstocks | 0 comments | Continued(ANF) Stock Market News for December 3, 2010 – Market News
Stocks advanced for a second straight day as better-than-anticipated retail sales and housing data continued to point toward economic strength. European Central Bank’s assertion that it would not abandon its plan to buy government bonds helped contain eurozone worries, helping...
5Dec2010 | vitalstocks | 0 comments | Continued(AXP) Stock Market News for November 30, 2010 – Market News
Lingering worries about Europe’s ability to contain a credit crisis, even as finance ministers of the European Union designed an $89 billion lifeline for Ireland, continued to weigh on global markets Monday. In the United States, markets reflected those worries as the Dow average...
5Dec2010 | vitalstocks | 0 comments | Continued(ABB) Company News for November 30, 2010 – Corporate Summary
• Zurich-based ABB (NYSE:ABB) said it agreed to buy Baldor Electric (NYSE:BEZ) for $4.2 billion, or $63.50 per share • Google (NASDAQ:GOOG) is rumored to be in talks with online discounter Groupon, in a deal valued as much as $6 billion • Seagate Technologies (NASDAQ:STX)...
5Dec2010 | vitalstocks | 0 comments | Continued(BIG) Company News for December 3, 2010 – Corporate Summary
• Walter Energy (NYSE:WLT) said it plans to acquire Canada’s Western Coal for $3.3 billion • Google (NASDAQ:GOOG) is reported to have signed a deal to pay $1.9 billion for a Manhattan city block • Citigroup (NYSE:C) downgraded eBay (NASDAQ:EBAY) from “buy”...
5Dec2010 | vitalstocks | 0 comments | Continued(BBT) BB&T Analyst Upgrades Shares to Neutral
We are upgrading our recommendation on BB&T Corp. (BBT) to Neutral from Underperform based on its balanced growth structure, continuous improvement in deposit mix and strong net interest margin (NIM). BB&T’s third quarter 2010 adjusted earnings came in at 31 cents,...
2Dec2010 | vitalstocks | 0 comments | Continued(KR) Initial Claims for Unemployment Insurance Rose by 26,000
Initial Claims for Unemployment Insurance rose by 26,000 last week to 436,000 (last week was also revised up by 3,000, so one could see it as a 29,000 increase). This was worse than the expected level of 422,000. Last week’s big surprise to the downside seems to have been a...
2Dec2010 | vitalstocks | 0 comments | ContinuedDec 1: ISM Manufacturing Index – Economic Highlights
The ISM Manufacturing Index decreased to 56.6 in November, following an increase to 56.9 in October from the 54.4 level in September. The index indicated growth for the 19th consecutive month in the overall economy, as well as expansion in the manufacturing sector for the 16th...
2Dec2010 | vitalstocks | 0 comments | Continued(MHGC) Morgans Hotel Group Seeks New CEO
New York-based Morgans Hotel Group Co. (MHGC) announced that its chief executive officer (CEO) Fred Kleisner will resign upon the completion of his tenureship on December 31. The hotel company appointed Fred Kleisner as CEO in December 2007, after his successful stint as an interim...
2Dec2010 | vitalstocks | 0 comments | Continued(NFLX) How Netflix Helped Create a Multibillion-Dollar Industry…
by Alexander Moschina, Investment U Research Thursday, December 2, 2010 The company that crushed Blockbuster (OTC.BLOAQ.PK) is about to take things to another level. Three levels, actually. A large chunk of Netflix’s (Nasdaq: NFLX) newest and most promising business will...
2Dec2010 | InvestmentU | 0 comments | Continued(AA) Stock Market News for December 2, 2010 – Market News
U.S. stocks kicked off December on a solid note, with major averages climbing at least 2%, as a batch of upbeat economic data from the United States and China helped investors set aside eurozone contagion worries. The rally was led by material and energy shares. The blue-chip...
2Dec2010 | vitalstocks | 0 comments | Continued(GLD) Start Hoarding Gold and Silver Right Now…
by Carl Delfeld, Contributing Editor Thursday, December 2, 2010: Issue #1399 Over the past decade, gold has trounced stocks across the board. No big secret there, of course. But the margin of the beating might surprise you… S&P 500: The index kicked off the 21st century...
2Dec2010 | InvestmentU | 0 comments | Continued(ANF) Company News for December 2, 2010 – Corporate Summary
• PepsiCo (NYSE:PEP) announced plans to acquire a 66% stake in Wimm-Bill-Dann (NYSE:WBD) for $3.8 billion • Toll Brothers (NYSE:TOL) reported fiscal fourth quarter earnings of $0.30 a share that included a tax benefit, versus consensus expectations for a loss of $0.08....
2Dec2010 | vitalstocks | 0 comments | Continued(AZO) Will The Holiday Shopping Season Be Good for Retailers?
December 2, 2010 The holiday shopping season got off to a good official start this past weekend. The National Retail Federation estimates that total spending reached $45 billion during the three-day period of Black Friday, Saturday and Sunday. Shoppers spent an average of $365.34,...
2Dec2010 | Shawn | 0 comments | Continued(WLT) Coal Demand Ramps Up in Emerging Markets
by Tony D’Altorio, Investment U Research Tuesday, November 30, 2010 What’s dirty and out of fashion, but everybody wants it? That would be coal, both the coking kind used to make steel, and the thermal coal used to fire power plants. Over the past year or so, coal consumption...
1Dec2010 | InvestmentU | 0 comments | Continued(GE) General Electric Displays NexGen X-Ray Detector at Radiological Society of North America
At the 96th annual meeting of the Radiological Society of North America (RSNA) in Chicago, GE Healthcare, a unit of General Electric (GE), showcased its next generation wireless, digital X-ray detector. The new device, called FlashPad, received the 510k clearance from the US...
1Dec2010 | vitalstocks | 0 comments | Continued(ITC) ITC Holdings Corporation – Analysts Revised Estimates Higher for 2010 and 2011
It’s not often that you see a utility company with a 5-year projected EPS growth rate in the double-digits. However, management at electric utility ITC Holdings Corp (ITC) expects to grow its earnings between 15% and 17% per year through 2015. The company recently reported...
1Dec2010 | vitalstocks | 0 comments | Continued(BAC) Stock Market News for December 1, 2010 – Market News
Stocks ended November on a down note as lingering sovereign-debt worries overshadowed better-than-anticipated manufacturing and consumer confidence data. A glum housing report also affected sentiments. The blue-chip Dow average, after dropping as much as 110 points at the open,...
1Dec2010 | vitalstocks | 0 comments | Continued(XOM) ExxonMobil to Increase Chemical Capacity by 10% in Belgium
ExxonMobil Corp. (XOM) is planning to increase capacity by 10% at its hydrocarbon fluids plant in Antwerp, Belgium. The expansion is focusing on high performance Exxsol fluids is expected to be completed by mid-2011. Exxon’s chemical portfolio includes Isopar, Solvesso...
1Dec2010 | vitalstocks | 0 comments | Continued(TM) Toyota Motor Announces Prius Recall of 650,000 Units
Toyota Motor Corp. (TM) has announced that it will recall about 650,000 Prius cars worldwide in order to fix the hybrid system’s cooling pumps. The automaker stated that the vehicles will be recalled to solely ensure customer satisfaction and not under any legal compulsion. Toyota...
1Dec2010 | vitalstocks | 0 comments | Continued(KR) The Kroger Company Third Quarter 2010 Earnings Preview
The Kroger Company (KR), one of the largest grocery retailers, is slated to report its third-quarter 2010 financial results before the bell on Thursday, December 2, 2010. The current Zacks Consensus Estimate for the quarter is earnings of 31 cents a share. For the quarter to...
1Dec2010 | vitalstocks | 0 comments | Continued(BAC) Company News for December 1, 2010 – Corporate Summary
• State Street (NYSE:STT) said it will lay off 1,400 jobs, or 5% of its workforce • RLI (NYSE:RLI) said it will pay a $7.00 per share special dividend • Bank of America (NYSE:BAC) initiated coverage of Dendreon (NASDAQ:DNDN) with a “buy” rating and a price...
1Dec2010 | vitalstocks | 0 comments | Continued