Archive for February, 2011
(JPM) Banks on Federal Deposit Insurance Corporation Problem Institutions Grow
The number of banks on the Federal Deposit Insurance Corporation’s (FDIC) list of problem institutions grew to 884 in the fourth quarter from 860 in the previous quarter, the agency said on Wednesday. This is the highest number since the savings and loan crisis in the early...
28Feb2011 | vitalstocks | 0 comments | Continued(PCE) U.S. Fourth Quarter GDP Growth Revised Down to 2.8%
This is essentially the same report that I put out when the initial look at GDP was released last month. The new revised numbers are in bold, the original estimates are in normal type and in parenthesis right after them. Thus it will be easy to see where the changes in GDP came...
28Feb2011 | vitalstocks | 0 comments | Continued(XOM) Energy Information Administration Reports Crude Stocks Up – Products Down
The U.S. Energy Department’s weekly inventory release showed another build-up in crude stockpiles, though less-than-expected. The agency’s report further added that fuel inventories fell and refinery run-rates dropped to a 12-month low. The Energy Information Administration...
28Feb2011 | vitalstocks | 0 comments | Continued(AIG) American International Group Posts Slightly Smaller Loss Then Forecasted
American International Group Inc. (AIG) reported fourth quarter operating loss of $2.21 billion or $16.20 per share, slightly below the Zacks Consensus Estimate of a loss of $16.98 per share but higher than the net loss of $1.34 billion or $9.88 per share in the year-ago quarter. On...
28Feb2011 | vitalstocks | 0 comments | Continued(ADSK) Stock Market News for February 28, 2011 – Market News
On Friday, markets returned to their winning ways after three consecutive days of losses. Moderately positive domestic economic data and a small decline in crude prices brought cheer to investors after a week of falling indices. This was the worst performing week for the year,...
28Feb2011 | vitalstocks | 0 comments | Continued(ADBE) Company News for February 28, 2011 – Corporate Summary
• Janney Montgomery initiated coverage on Tower Bancorp (NASDAQ:TOBC) with a Buy rating • UBS upgraded Adobe Systems (NASDAQ:ADBE) to Buy from Neutral • FBR Capital upgraded Fifth Third Bancorp (NASDAQ:FITB) to Outperform from Market Perform • Deutsche Bank upgraded...
28Feb2011 | vitalstocks | 0 comments | Continued(DHI) U.S. January 2010 New Home Sales Dismal
New Home Sales in January fell by 12.6% from December, to a dismal rate of 284,000. Relative to a year ago, sales are down 18.6%. The December rate was revised down to 325,000 from 329,000. Thus relative to where we thought we were, it could be seen as a 13.7% decline. The level...
28Feb2011 | vitalstocks | 0 comments | Continued(TWMC) DVDs are Dead… And This Media Retailer May Not Be Far Behind
by Alexander Moschina, Investment U Research Thursday, February 24, 2011 Back in 2000, Time Magazine asked, “Will everything be digital?” “Digital,” as described by the author, meant “no movies or magazines or pieces of music… just 1s and 0s…” Ten years later,...
26Feb2011 | InvestmentU | 0 comments | Continued(ETFC) E*TRADE Financial’s Daily Average Revenue Trades Advance
On Wednesday, Online broker E*TRADE Financial Corporation (ETFC) reported an improved Daily Average Revenue Trades (DARTs) through February 22, 2011. The company also reported monthly delinquencies in its loan portfolio for November 2010, December 2010 and January 2011. For the...
26Feb2011 | vitalstocks | 0 comments | Continued(NVDA) NVIDIA Corporation – A Flurry of Earnings Estimate Revisions
NVIDIA (NVDA) shares have started off 2011 on a hot streak, but its not too late to get in. Estimates are soaring after the recent earnings surprise but shares of this Zacks #1 Rank (Strong Buy) are at a fantastic entry point. Company Description NVIDIA provides visual...
26Feb2011 | vitalstocks | 0 comments | Continued(RRGB) Red Robin Gourmet Burgers Earnings Reports Beats Estimates
Casual dining restaurant operator Red Robin Gourmet Burgers Inc. (RRGB) reported its fourth quarter 2010 adjusted earnings of 12 cents per share, which surpassed the Zacks Consensus Estimate of 5 cents. Earnings were up 20% from 10 cents in the year-ago quarter. However, including...
26Feb2011 | vitalstocks | 0 comments | Continued(GRMN) Garmin Quarterly Earnings Misses Consensus
Garmin Ltd. (GRMN) reported fourth quarter earnings that missed consensus estimates by 19 cents, or 21.8%. Currency had a 15 cent negative impact on earnings, and if excluded would have raised the EPS by a like amount. Garmin is deferring lifetime maps, connected services and...
26Feb2011 | vitalstocks | 0 comments | Continued(DTV) Financial Tides Three Fantastic Growth Stocks From Jim Van Meerten
My definition of growth stocks may be different from yours. I look for 4 things: increasing sales, increasing earnings, increasing prices and a volume that allows me to get in and out quite easily. This morning I used Barchart to screen 6000 stocks and came up with these...
26Feb2011 | Shawn | 0 comments | Continued(AMAT) Applied Materials Quarterly Report Beats Estimates – Guides Higher
Applied Materials’ (AMAT) first quarter earnings beat the Zacks Consensus by 3 cents, or 9.1%. Revenue came in higher than management expectations and exceeded the Zacks Consensus by 3.7%. Revenue Applied Materials reported revenue of $2.69 billion, which was down 6.9% sequentially...
26Feb2011 | vitalstocks | 0 comments | Continued(PXP) Plains Exploration & Production’s Quarterly Report Misses Expectations
Plains Exploration & Production Co. (PXP) posted fourth-quarter earnings of 20 cents per share, missing the Zacks Consensus Estimate of 30 cents and the year-ago profit of 61 cents. The company’s full-year 2010 earnings of $1.06 per share were also below the Zacks Estimate...
25Feb2011 | vitalstocks | 0 comments | Continued(CAT) Caterpillar’s 2011 Sales Jump 49% Globally
Caterpillar Inc. (CAT) has kicked off 2011 with a 49% year-over-year jump in global sales in January 2011, a stark contrast to the 27% drop in sales in January 2010. This marks the ninth consecutive month of positive growth for the company since May last year when it had reversed...
25Feb2011 | vitalstocks | 0 comments | Continued(HD$) Home Depot Quarterly Report Surprises
The Home Depot Inc. (HD), surprised with its fourth-quarter 2010 adjusted earnings of 36 cents a share. The adjusted earnings not only surpassed the prior-year quarters’ earnings of 24 cents (an increment of 50%), but also outpaced the Zacks Consensus Estimate of 30 cents. For...
25Feb2011 | vitalstocks | 0 comments | Continued(PDE) Pride International’s Quarterly Report Falls Short
Pride International Inc. (PDE) reported depressed fourth-quarter and full-year 2010 results, hurt by higher operating expenses. The company’s quarterly earnings, excluding one-time items, of 40 cents per share, failed to meet the Zacks Consensus Estimate of 43 cents. However,...
25Feb2011 | vitalstocks | 0 comments | Continued(APEI) American Public Education’s Earnings Report Beats Estimates
American Public Education Inc. (APEI), an online provider of higher education to military and public service communities, recently delivered fourth-quarter 2010 results that topped the Zacks estimates. The quarterly earnings of 52 cents a share beat the Zacks Consensus Estimate...
25Feb2011 | vitalstocks | 0 comments | Continued(JWN) Nordstrom Earnings Report Beats Expectations
Nordstrom Inc. (JWN) posted earnings growth of 35.0% to reach $1.04 per share in the fourth quarter of fiscal 2010 from 77 cents per share earned in the year-ago period. Earnings per share beat the Zacks Consensus Estimate of $1.00 per share. For fiscal 2010, earnings per share...
25Feb2011 | vitalstocks | 0 comments | Continued(EXPD) Expeditors International of Washington Reports In Line Quarterly Earnings
Expeditors International of Washington Inc. (EXPD), a third-party logistics provider, reported its adjusted fourth quarter earnings of 45 cents per share, in line with the Zacks Consensus Estimate. Earnings per share shot up 41% year over year from 32 cents on strong volumes. Adjusted...
25Feb2011 | vitalstocks | 0 comments | Continued(R) Ryder System Incorporated – Bull of the Day
We are upgrading our recommendation on Ryder System (R) to Outperform on strong fourth quarter results and a solid outlook. The fourth quarter earnings beat the Zacks Consensus Estimate on improved commercial rental businesses. Improved demand and supply conditions, strong performance...
25Feb2011 | vitalstocks | 0 comments | Continued(AMD) Stock Market News for February 25, 2011 – Market News
Crude prices eased off their high by a couple of dollars as rumors circulated that Libyan leader Moammar Gaddafi had been shot. US officials denied such reports and the markets showed a marginal improvement after closing mixed on Thursday. Though benchmarks Dow and S&P500...
25Feb2011 | vitalstocks | 0 comments | Continued(ADSK) Company News for February 25, 2011 – Corporate Summary
• Iron Mountain (NYSE:IRM) reported Q4 EPS of $0.30, ex-items, slightly higher than the Zacks Consensus Estimate of $0.29. • Newmont Mining (NYSE:NEM) reported Q4 EPS of $1.16, ex-items, ahead of the Zacks Consensus Estimate of $1.14 per share • General Motors (NYSE:GM)...
25Feb2011 | vitalstocks | 0 comments | Continued(CHS) Company News for February 24, 2011 – Corporate Summary
• Garmin Ltd. (NASDAQ:GRMN) reported Q4 EPS of $0.83, lower than the Zacks Consensus Estimate of $0.87 per share. Revenues for the quarter fell 21% year-over-year to $838.0 million, missing the Zacks Consensus Estimate of $860.0 million • Chico’s FAS, Inc. (NYSE:CHS)...
24Feb2011 | vitalstocks | 0 comments | Continued(CVX) Stock Market News for February 24, 2011 – Market News
Mounting tension in Libya sent crude soaring to $100 per barrel before prices settled at two dollars lower and stocks plunged on Wednesday, for the second straight day. To add to the jitters, Hewlett-Packard Company (NYSE:HPQ) cut its revenue forecast for the current fiscal year...
24Feb2011 | vitalstocks | 0 comments | Continued(NDAQ) NASDAQ OMX Could Be Looking to Merge
Given the flurry of merger and acquisition (M&A) activity in the industry, NASDAQ OMX Inc. (NDAQ) is reportedly hunting for a partner to bid against NYSE Euronext Inc. (NYX) who has agreed to combine with Deutsche Boerse in a $10 billion deal, last week. NASDAQ is also weighing...
24Feb2011 | vitalstocks | 0 comments | Continued(CCI) Consumer Confidence Index Spikes Upward Possibly Showing A Hint of Healing
Is economic recovery gaining some traction? Yes, perhaps, if we go by the report released by the Conference Boardon Tuesday.According to the Conference Board, its Consumer Confidence Index (CCI) for the month of February jumped to the highest level since February 2008. The sharp...
24Feb2011 | vitalstocks | 0 comments | Continued(DELL) Dell Completes Buyout of Compellent Technologies
Yesterday, Dell Inc. (DELL) announced that it has completed the acquisition of storage-solution provider Compellent Technologies Inc. (CML), after receiving shareholders’ approval at a special shareholder meeting. As consideration, Dell had to pay $27.75 per share for each...
24Feb2011 | vitalstocks | 0 comments | Continued(NVDA) Nvidia Corporation – Bull of the Day
Nvidia Corp. (NVDA) is a worldwide leader in visual computing technologies. The company reported decent fourth-quarter numbers, but is optimistic about its long-term growth with the gradual recovery in demand for graphic chips. Moreover, the company rolled out the first quad-core...
24Feb2011 | vitalstocks | 0 comments | Continued