Archive for January, 2011
(GOOG) Google Quarterly Earnings Report Beats Expectations Yet Again
Google Inc (GOOG) had another blow-out quarter, with reported earnings exceeding the Zacks Consensus by 65 cents, or 9.1%. This was in spite of the fact that there were a significant number of upward revisions to the Consensus over the past 3 months and even during the last 7...
31Jan2011 | vitalstocks | 0 comments | Continued(AA) Stock Market News for January 21, 2011 – Market News
Fears of additional tightening measures by China to control inflation turned investors jittery on Thursday as markets shed a few points. Lackluster and mixed earnings reports did little to restore investors’ faith. However, positive economic data helped the indices avoid a...
31Jan2011 | vitalstocks | 0 comments | Continued(XOM) U.S. Energy Department’s Weekly Inventory Data Lifts Oil To 27-Month High
The U.S. Energy Department’s weekly inventory release showed a larger-than-expected drop in crude stockpiles, while gasoline and distillate supplies climbed steeply. Meanwhile, refinery run-rates were down from the previous week. The Energy Information Administration (“EIA”)...
31Jan2011 | vitalstocks | 0 comments | Continued(WYN) Wyndham Worldwide Corporation Enteres The Indian Market
Wyndham Worldwide Corporation (WYN), through its subsidiary Wyndham Hotel Group, is finally entering the Indian market. The hospitality company signed a franchise agreement with Tirupati Buildings & Offices Pvt. Ltd to open its first hotel in India. The 394 room hotel will...
31Jan2011 | vitalstocks | 0 comments | Continued(AAPL) A Tale of Two Companies in TabletLand
by Tony D’Altorio, Investment U Research Wednesday, January 12, 2011 The touchscreen tablet computer market is smoking hot these days. And with good reason. Consumers can’t seem to get enough of the Apple (Nasdaq: AAPL) iPad. In response, companies everywhere are rushing...
31Jan2011 | InvestmentU | 0 comments | Continued(FMCC) U.S. Banks Stock Update – January 2011 – Industry Outlook
Although a major recovery in the asset markets has been witnessed in recent quarters, the outlook for the U.S. banking industry remains in question due to several negatives, including asset-quality troubles, the continuation of both residential and commercial real estate loan...
31Jan2011 | vitalstocks | 0 comments | Continued(WFC) Wells Fargo Announces the Acquisition of Prestige Professional Plans
Wells Fargo Insurance Services USA Inc., an insurance unit of Wells Fargo & Company (WFC) announced the acquisition of Prestige Professional Plans on Wednesday. Based in Dayton, Ohio, the acquired entity is an employee benefits insurance brokerage firm. Wells Fargo closed...
31Jan2011 | vitalstocks | 0 comments | Continued(AMZN) Stock Market News for January 31, 2011 – Market News
Just as the markets were portraying a brighter economic picture with benchmarks touching psychological highs, indices suffered their sharpest one-day loss in six months on Friday. Investors’ jitteriness was fuelled by political turmoil in Egypt and slower-than expected US growth...
31Jan2011 | vitalstocks | 0 comments | Continued(ACI) Company News for January 31, 2011 – Corporate Summary
• Arch Coal (NYSE:ACI) reported Q4 EPS of $0.33, ex-items, below the Zacks Consensus Estimate of $0.46 per share. Revenues for the quarter rose 15% to $835.4 million, lower than the Zacks Consensus Estimate of $869.0 million • T. Rowe Price (NASDAQ:TROW) reported Q4 EPS...
31Jan2011 | vitalstocks | 0 comments | Continued(VZ) Verizon Communications to Aquire Information Technology Company Terremark Worldwide
Verizon Communications (VZ), the second largest U.S. phone company, intends to acquire information technology (IT) service company Terremark Worldwide Inc. (TMRK) for $1.4 billion in cash. Verizon will pay $19 per share for Terremark through the tender offer between February...
31Jan2011 | vitalstocks | 0 comments | Continued(XOM) U.S. Energy Department Report Shows Crude Supplies Jump Further
The U.S. Energy Department’s weekly inventory release showed a steep build in crude and gasoline stockpiles, while refinery run-rates decreased from the previous week. The agency’s report further added that distillate supplies logged a smaller-than-expected decline. The...
30Jan2011 | vitalstocks | 0 comments | Continued(T) AT&T Reports Fourth Quarter 2010 Earnings A Penny Ahead of Expectations
AT&T Inc. (T), the largest U.S. telecom carrier, declared its fourth quarter and fiscal 2010 earnings before the opening bell. The company reported adjusted earnings of 55 cents per share in the fourth quarter, beating the Zacks Consensus Estimate by a penny. Adjusted earnings...
30Jan2011 | vitalstocks | 0 comments | Continued(AAPL) Stock Market News for Jan 27, 2011 – Market News
Markets rose to fresh highs as technology stocks led the rally after strong earnings results from Juniper Networks Inc (NYSE:JNPR) showed a continued demand for high-tech equipment. The Dow rose above the psychological 12000 mark for the very first time after June 2008 before...
30Jan2011 | vitalstocks | 0 comments | Continued(BXP) Company News for January 27, 2011 – Corporate Summary
• Qualcomm (NASDAQ:QCOM) reported Q1 EPS of $0.82, ex-items, ahead of the Zacks Consensus Estimate of $0.63 per share. Revenues for the quarter rose 25% year-over-year to $3.35 billion, above the Zacks Consensus Estimate of $3.139 billion • Starbucks (NASDAQ:SBUX) reported...
30Jan2011 | vitalstocks | 0 comments | Continued(BA) Large Civilian Aircraft Orders Drop Significantly
New Orders for Durable Goods fell 2.5% in October. That was much worse than the consensus expectations for an increase of 1.5%. However, the bad news can be pegged on the extremely volatile Transportation Equipment side, and more specifically, from the Non-Defense Aircraft component,...
30Jan2011 | vitalstocks | 0 comments | Continued(MSFT) Microsoft Second Quarter 2011 Report Gets A Closer Look
Microsoft Corporation’s (MSFT) second quarter 2011 results were impacted by the slowdown in the PC market. However, this did not prevent it from beating the Zacks Consensus Estimate on both the top and bottom lines. Revenue and EPS beat by 4.4% and 9 cents (13.2%), respectively. Revenue Revenue...
30Jan2011 | vitalstocks | 0 comments | Continued(CVX) Chevron Reports Jump in Fourth Quarter Profit Report
U.S.energy behemoth Chevron Corp. (CVX) reported a jump in its fourth-quarter 2010 profits, benefiting from higher oil prices and stronger refining margins. Earnings per share (excluding adjustments for downstream asset sales and foreign-currency effects) came in at $2.49, above...
30Jan2011 | vitalstocks | 0 comments | Continued(EIA) Energy Information Administration Reports Natural Gas Supplies Slide Further
The U.S. Energy Department’s weekly inventory release showed a larger-than-expected drop in natural gas supplies, attributable to high heating demand on the back of cold weather conditions that swept across much of the nation. The Weekly Natural Gas Storage Report brought...
29Jan2011 | vitalstocks | 0 comments | Continued(AMZN) Company News for January 28, 2011 – Corporate Summary
• Microsoft (NASDAQ:MSFT) reported Q2 EPS of $0.77, above the Zacks Consensus Estimate of $0.55 per share. Revenues for the quarter were $19.95 billion, well above the Zacks Consensus Estimate of $16.073 billion • Amazon.com (NASDAQ:AMZN) reported Q4 EPS of $0.91, ahead...
29Jan2011 | vitalstocks | 0 comments | Continued(CAT) Stock Market News for January 28, 2011 – Market News
Technology stock earnings results helped the markets close higher on Thursday’s trade after mixed economic data failed to push the markets up to new highs. The Dow fell from the psychological 12,000 mark it had touched Wednesday, the highest since June 2008. The Dow Jones...
29Jan2011 | vitalstocks | 0 comments | Continued(CB) The Chubb Corporation Reports Quarterly Earnings Ahead of Estimates
The Chubb Corp.’s (CB) fourth quarter operating earnings of $1.69 per share were fairly ahead of the Zacks Consensus Estimate of $1.57 led by higher premiums earned. Results also compare favorably with $1.66 earned in the prior-year quarter. For the full year, operating income...
29Jan2011 | vitalstocks | 0 comments | Continued(NOC) Northrop Grumman Fourth Quarter 2010 Earnings Preview
Los Angeles-based leading shipbuilder and defense contractor Northrop Grumman Corporation (NOC) is among the last of the major defense players yet to release its fourth quarter and fiscal 2010 numbers. The company is slated to release its fiscal 2010 numbers on February 9, 2011. The...
29Jan2011 | vitalstocks | 0 comments | Continued(IT) International Business Machines Announces Cloud Computing Partnerships
A leading provider of information technology (IT), International Business Machines Corp. (IBM) announced new partnerships with leading companies and institutions for providing cloud computing solutions. IBM’s LotusLive public cloud service is helping clients by providing integrated...
29Jan2011 | vitalstocks | 0 comments | Continued(VZ) Verizon Communications Reports Fourth Quarter 2010 Earnings a Penny Short
Verizon Communications (VZ), the second largest U.S. phone company, declared its fourth quarter and fiscal 2010 earnings results before the opening bell. The company reported fourth quarter adjusted earnings of 54 cents per share missing the Zacks Consensus Estimate by a penny....
27Jan2011 | vitalstocks | 0 comments | Continued(AA) Stock Market News for January 25, 2011 – Market News
A strong rally led by natural resources and tech shares helped markets to close in the green with the Dow nearing its psychological 12000 mark for the first time since June 2008. Tech stocks zoomed after chip maker Intel announced increased dividends and possible buy back of...
27Jan2011 | vitalstocks | 0 comments | Continued(BHI) Baker Hughes Reports U.S. Drilling Rig Count Up by 13 Units
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 number of land rigs. The Baker Hughes rig count, issued...
27Jan2011 | vitalstocks | 0 comments | Continued(CAM) Stock Market News for Jan 26, 2011 – Market News
Markets closed almost flat yesterday after erasing losses ahead of President Obama’s State of Union speech, scheduled for later in the day. Late-day buying helped the markets gained slightly before the close. On Tuesday, the markets closed almost flat after erasing early...
26Jan2011 | vitalstocks | 0 comments | Continued(AAPL) Company News for January 26, 2011 – Corporate Summary
• Stryker (NYSE:SYK) reported Q4 EPS of $0.93, ahead of the Zack Consensus Estimate of $0.89 per share. Revenues for the quarter rose 8.6% to $2.0 billion, well above the Zack Consensus Estimate of $1.970 billion • Yahoo (NASDAQ:YHOO) reported Q4 EPS of $0.26, ex-items,...
26Jan2011 | vitalstocks | 0 comments | Continued(SYK) Stryker Fourht Quarter Earnings Beat – Concerns Linger
Orthopedic devices major Stryker Corporation (SYK) reported better-than-expected fourth-quarter fiscal 2010 results with adjusted earnings per share of 93 cents exceeding the Zacks Consensus Estimate of 90 cents and the year-ago earnings of 82 cents. For fiscal 2010, adjusted...
26Jan2011 | vitalstocks | 0 comments | Continued(DOW) Chemical & Fertilizers Industry Outlook – January 2011 – Industry Outlook
OVERVIEW Chemicals are essential to millions of consumer goods, enabling hi-tech advances in industries as diverse as aerospace, computing and telecommunications. The chemical industry comprises companies engaged in the conversion of raw materials — oil, natural gas,...
26Jan2011 | vitalstocks | 0 comments | Continued