Archive for January, 2011
(DRYS) DryShips Earns Drilling Contracts
DryShips Inc. (DRYS) is gradually converting itself as an ultra-deep water drilling company rather than continuing as a simple drybulk cargo operator. Today, the company announced that two drillships of its subsidiary Ocean Rig UDW Inc. have entered into a definitive agreement...
4Jan2011 | vitalstocks | 0 comments | Continued(BAC) Bank of America Settles Loan Repurchase Line
On Monday, Bank of America Corporation (BAC) agreed to pay $2.62 billion to Freddie Mac (FMCC) and Federal National Mortgage Association or Fannie Mae (FNMA). This will resolve the repurchase or “put back” claims related to certain residential mortgage loans sold to these...
4Jan2011 | vitalstocks | 0 comments | Continued(AA) Company News for January 03, 2011 – Corporate Summary
• Goldman Sachs (NYSE:GS) has invested $450.0 million in social networking firm Facebook, and is planning to invest another $1.5 billion, making the value of the site at about $50 billion • Bank of America (NYSE:BAC) has reported fourth quarter charges of $3 billion on...
4Jan2011 | vitalstocks | 0 comments | Continued(AA) Stock Market News for January 4, 2011 – Market News
Markets greeted investors with New Year wishes as they closed higher and major benchmarks set new records on Monday. Robust growth in manufacturing and a better-than-expected construction spending report helped the indices post significant gains. Investors can take lot of heart...
4Jan2011 | vitalstocks | 0 comments | Continued(FGP) Ferrellgas Partners L.P. Acquires Propane Assets
Master limited partner, Ferrellgas Partners L.P. (FGP) has acquired Augusta, Georgia-based propane company, the Bennett Gas Company. Bennett Gas is an independent propane retailer serving the propane needs of residential and industrial customers in eastern Georgia and western...
4Jan2011 | vitalstocks | 0 comments | Continued(AAPL) Company News for January 04, 2011 – Corporate Summary
• Goldman Sachs (NYSE:GS) removed Nike (NYSE:NKE) from its Conviction Buy List, but maintained the “buy” rating with a target price of $95 • KBW upgraded SunTrust (NYSE:STI) to “outperform,” increasing the target price $33 from $30 • Deutsche...
4Jan2011 | vitalstocks | 0 comments | Continued(WFMI) Whole Foods – New Store Openings, Acquisitions and Comparable-Store Sales Growth
Being one of the leading natural and organic foods supermarkets, Whole Foods Market Inc. (WFMI) offers investors one of the strongest growth profiles in the industry with its strong brand image, and marketing and merchandising expertise. The stock is poised to surge once the...
4Jan2011 | vitalstocks | 0 comments | Continued(CP) Canadian Pacific Analyst Initiates Coverage of Shares at Neutral
We are initiating coverage on Canada’s second-largest railway Canadian Pacific Railway Limited (CP) with a Neutral rating. Currently, the stock has the Zacks Rank of #3 (Hold). We believe Canadian Pacific is benefiting from strong volume growth and continued operating gains....
3Jan2011 | vitalstocks | 0 comments | Continued(AIG) Will American International Group Sell Its Blackstone Stake?
In an attempt to repay the government bailout, American International Group Inc. (AIG) is planning to dispose its $510 million stake in The Blackstone Group (BX). According to the SEC filing, AIG had acquired 7% stake in Blackstone by investing $150 million in July 1998. In addition,...
3Jan2011 | vitalstocks | 0 comments | Continued(FCN) FTI Consulting – Bear of the Day
FTI Consulting’s (FCN) third quarter 2010 earnings were below the Zacks Consensus Estimate. The company’s corporate/restructuring segment remains a drag on its growth due to softer trend in restructuring activities and a slowdown in new cases. The company is also...
3Jan2011 | vitalstocks | 0 comments | Continued(BAC) Stock Market News for Janurary 3, 2011 – Market News
Investors mostly stayed away from the Street on Friday, being New Year’s Eve and markets closed largely mixed. This was also one of the lightest volume trade days of the year. Though, apart from the Dow, certain benchmarks shed a few points on the closing day, the markets posted...
3Jan2011 | vitalstocks | 0 comments | Continued(EQIX) Equinix Incorporated – Bull of the Day
As a leading provider of co-location services, Equinix Inc. (EQIX) is well positioned in the market. The company delivered decent third quarter numbers and provided encouraging guidance for the fourth quarter and fiscal 2010. We see a steady increase in the client base and strategic...
3Jan2011 | vitalstocks | 0 comments | Continued(TDC) Teradata Announces Plan to Aquire Aprimo
A leading provider of Enterprise Data Warehousing (EDW) solutions, Teradata Corporation (TDC) announced that it will acquire Aprimo, a leader in cloud-based integrated marketing software for approximately $525 million in cash. The acquisition is expected to be completed in the...
2Jan2011 | vitalstocks | 0 comments | Continued(KMX) CarMax Third Quarter 2011 Earnings Scorecard
CarMax Inc. (KMX) reported its earnings for the third quarter of its fiscal year 2011, ended November 30, 2010, on December 21, 2010, barely surpassing the Zacks Consensus Estimate by 2 cents per share. However, the market reacted negatively, with share prices falling subsequent...
2Jan2011 | vitalstocks | 0 comments | Continued(PAA) PAA Natural Gas Storage L.P. Announces Buy of Gas Storage Facility
PAA Natural Gas Storage L.P. (PNG), a unit of Plains All American Pipeline L.P. (PAA), has agreed to buy SG Resources Mississippi LLC for roughly $750 million to increase exposure in the Gulf Coast market. The acquisition will help PAA Natural Gas Storage to gain control of SG...
2Jan2011 | vitalstocks | 0 comments | Continued(NBL) Noble Energy Discovers Oil in Israel
Independent oil and gas company Noble Energy (NBL) announced that it has made a natural gas discovery in the Leviathan field offshore Israel. The well drilled under the Rachel license, encountered a minimum of 220 feet of net natural gas in several subsalt Miocene intervals. Noble...
2Jan2011 | vitalstocks | 0 comments | Continued(KFY) Korn/Ferry International – Fee Revenues Up 32%
Korn/Ferry International (KFY) looks like a serious momentum player. Its share price just jumped to a 2-year high as companies begin to hire out of the recession. With another good quarter in the bag and a bullish growth projection, this Zacks #1 rank stock clears the momentum...
1Jan2011 | vitalstocks | 0 comments | Continued(GOLD) China Develops Inflation-Fueled Love Affair with Gold
China’s Gold Rush by Tony D’Altorio, Investment U Research Thursday, December 30, 2010 The United States has become an exporting nation once again. But this time, it’s exporting inflation thanks to Ben Bernanke and his QE1 and QE2. The countries affected the most, naturally,...
1Jan2011 | InvestmentU | 0 comments | Continued