Archive for February, 2011
(APD) Company News for February 17, 2011 – Corporate Summary
• Comcast Corp. (NASDAQ:CMCSA) reported Q4 net income of $0.36 per share, slightly ahead of the Zacks Consensus Estimate of $0.34 per share. Revenues for the quarter rose 7.2% year-over-year to $9.72 billion, surpassing the Zacks Consensus Estimate of $9.555 billion • OfficeMax...
17Feb2011 | vitalstocks | 0 comments | Continued(ANF) Stock Market News for February 17, 2011 – Market News
Markets ended in the green after optimistic news about the economy from the Fed lifted the mood of investors. Earlier in the day, news of strong earnings and deals sent the markets higher. The Dow Jones Industrial Average rose 0.5% to 12,228.17. 23 out of 30 stocks of the blue...
17Feb2011 | vitalstocks | 0 comments | ContinuedBullish Sentiment Below 50% for Third Time in 4 Weeks – AAII Sentiment Survey
Bullish sentiment declined 2.8 percentage points to 46.6% in the latest AAII Sentiment Survey. This is the third time in four weeks that optimism has been below 50%. Nonetheless, bullish sentiment, expectations that stock prices will rise over the next six months, was above its...
17Feb2011 | vitalstocks | 0 comments | Continued(FDO) Family Dollar Stores Gets Buyout Offer
Family Dollar Stores Inc. (FDO), the operator of self-service retail discount store chains, recently acknowledged that it has received a voluntary offer from Trian Group, led by Nelson Peltz, to acquire the company. Trian Group, the largest shareholder of the company with approximately...
17Feb2011 | vitalstocks | 0 comments | Continued(JCOM) j2 Global Communications Reports Quarterly Earnings That Beat
Yesterday, after market close ,j2 Global Communications Inc. (JCOM) reported excellent financial results for the fourth quarter of 2010. GAAP net income was $26.9 million or 58 cents per share compared with $17.7 million or 39 cents per share in the year-ago quarter. Fourth-quarter...
17Feb2011 | vitalstocks | 0 comments | Continued(HPQ) Hewlett-Packard Announces Aquisition of Vertica
Hewlett Packard Company (HPQ) recently disclosed at a press release that it will acquire database technology maker Vertica, but did not divulge pecuniary details. The company will try to wrap up this transaction during the second quarter of fiscal 2011. The technology major is...
17Feb2011 | vitalstocks | 0 comments | Continued(ADI) Analog Devices Reports Quarterly Earnings That Match Expectations
Analog Devices’ (ADI) fiscal first quarter earnings beat the Zacks Consensus Estimate by a penny. Revenue was more or less in line with expectations. Results were within management’s expectations on revenue and slightly exceeded on the gross and operating margin lines. Analog...
17Feb2011 | vitalstocks | 0 comments | Continued(TCK) Federal Reserve Comments on U.S. Economy
The Federal Reserve just released the minutes to its most recent meeting, held on January 25th and 26th. Below we present the Staff’s assessment of the current economic environment. My commentary/translation of their assessment is interspersed throughout. I have also included...
17Feb2011 | vitalstocks | 0 comments | Continued(SFLY) Shutterfly Analyst Lowers Shares to Neutral
We recently downgraded our rating on Shutterfly Inc. (SFLY) from Outperform to Neutral. The rating was downgraded primarily due to lower seasonal demand, which would lead to losses in the first quarter and siften the impact of the WMSG acquisition. Fourth Quarter Flashback Shutterfly’s...
17Feb2011 | vitalstocks | 0 comments | Continued(SLE) Sara Lee Corporation – Bear of the Day
Sara Lee Corp. (SLE) is a global manufacturer as well as marketer of high-quality brand products and possesses a formidable portfolio of well-established brands. However, as the company uses different commodities and raw materials, cost-push inflation remains a key risk factor. Further,...
17Feb2011 | vitalstocks | 0 comments | Continued(CSC) Computer Sciences Corporation Scores New Deals
Computer Sciences Corp. (CSC) recently renewed a 5-year information technology (IT) outsourcing contract with the Italy-based defense electronics company SELEX Galileo, valued at $200.0 million. Per the contract, Computer Sciences will extend its full range of IT services in...
16Feb2011 | vitalstocks | 0 comments | Continued(GS) Goldman Sachs Group Said to be Shutting Global Macro Proprietary Trading
In an effort to comply with the financial regulations, Goldman Sachs Group Inc. (GS) is said to be shutting down its Global Macro Proprietary Trading desk, according to a Wall Street Journal report. The trading desk deals with foreign-exchange markets, interest-rate markets,...
16Feb2011 | vitalstocks | 0 comments | Continued(CMCSA) Comcast Fourth Quarter 2010 Earnings Preview
Comcast Corp. (CMCSA) is slated to release its fourth quarter 2010 results on Wednesday, February 16 before the opening bell. The current Zacks Consensus Estimate for the fourth quarter is 32 cents per share, representing annualized growth of 11.13%. With respect to earnings...
16Feb2011 | vitalstocks | 0 comments | Continued(WPI) Watson Pharmaceuticals Quarterly Earnings Report Outperforms Expectations
Watson Pharmaceuticals Inc.‘s (WPI) fourth quarter 2010 earnings (excluding special items) of $0.93 per share were in line with the Zacks Consensus Estimate and $0.08 above the year-ago earnings. Earnings, however, dropped 70.6% to $0.15 per share on a reported basis...
16Feb2011 | vitalstocks | 0 comments | Continued(FTI) FMC Technologies Earnings Report Delivers Mixed Fourth Quarter Report
Oil drilling equipment maker FMC Technologies Inc. (FTI) reported a mixed fourth quarter and full-year 2010 results. The adjusted company’s earnings per share from continuing operations in fourth quarter came at 69 cents, missing the Zacks Consensus Estimate by a penny. Compared...
16Feb2011 | vitalstocks | 0 comments | Continued(Q) Qwest Communications Reports Mixed Earnings Results
Qwest Communications Inc. (Q), the third-largest U.S. local-phone services operator, reported fourth quarter adjusted earnings per share of 12 cents, surpassing the Zacks Consensus Estimate by 2 cents and the year-ago quarter by 4 cents. Adjusted earnings exclude non-recurring...
16Feb2011 | vitalstocks | 0 comments | Continued(LEN) U.S. Housing Market Index Unchanged in February – It is Still Awful
The National Association of Home Builders (NAHB) Housing Market Index (HMI) was unchanged in February, holding at 16 for the fourth month in a row. The index is a “magic 50” index, where 50 is the dividing line between homebuilders seeing the conditions as been good and being...
16Feb2011 | vitalstocks | 0 comments | Continued(CVX) Stock Market News for February 16, 2011 – Market News
On Tuesday, markets shed their winning streak to fall marginally lower. Figures of lower than expected retail sales were disappointing enough to take the indices down. Moreover, weak energy and technology shares added to the jitteriness of investors. The Dow Jones Industrial...
16Feb2011 | vitalstocks | 0 comments | Continued(DELL) Dell Reports Profitable Fourth Quarter 2011 Earnings
Dell Inc. (DELL) delivered fourth quarter fiscal 2011 earnings per share (EPS) of 53 cents, handily beating the Zacks Consensus Estimate of 37 cents. Revenues Revenues for the fourth quarter were $15.7 billion, up 5.0% from $14.9 billion reported in the year-ago quarter. Revenue...
16Feb2011 | vitalstocks | 0 comments | Continued(CPLA) Company News for February 16, 2011 – Corporate Summary
• Fossil (NASDAQ:FOSL) reported Q4 EPS of $1.46, above the Zacks Consensus Estimate of $1.34 per share. Revenues for the quarter rose 32.8% year-over-year to $701.1 million, beating the Zacks Consensus Estimate of $485.0 million • Watson Pharmaceuticals (NYSE:WPI) reported...
16Feb2011 | vitalstocks | 0 comments | Continued(MAS) Masco Fourth Quarter 2010 Earnings Report Posts Big Loss
Masco Corporation (MAS) reported a loss of 8 cents per share (excluding special items) in the fourth quarter of 2010 in sharp contrast to a profit of 5 cents per share (excluding special items) in the same quarter of prior year. The company’s loss was broader than the Zacks...
16Feb2011 | vitalstocks | 0 comments | Continued(AAPL) Apple is the Technology Trend That’s Crushing the PC
by Matthew Carr, Investment U Research Tuesday, February 15, 2011 These days, if someone tells you they don’t own a cellphone, that’s like them saying they don’t have electricity or indoor plumbing. That’s a measure of where modern society is at the moment. But many...
16Feb2011 | InvestmentU | 0 comments | Continued(SOHU) Sohu Analyst Maintains Neutral Rating on Shares
We maintain our Neutral rating on Sohu.com Inc. (SOHU). Although Sohu continues to face cut-throat competition from NetEase.com Inc. (NTES) and Take-Two Interactive Software Inc. (TTWO), we believe that its promising games portfolio and the continued popularity of Changyou.com...
16Feb2011 | vitalstocks | 0 comments | Continued(DIS) The Walt Disney Company – Bull of the Day
The Walt Disney Company’s (DIS) first-quarter 2011 earnings beat the Zacks Consensus Estimate, and rose 45% from the prior-year quarter, reflecting growth across Media Networks, Studio Entertainment, Parks and Resorts and Consumer Products. Management hinted that for second-quarter...
16Feb2011 | vitalstocks | 0 comments | Continued(HAS) Hasbro Incorporated – Bear of the Day
Hasbro Inc. (HAS) plans a shift toward strategic associations with Discovery, Universal Pictures, Electronic Arts and Mediaset, as well as aggressive penetration into emerging markets. However, most of its agreements will not materialize before late 2011. We remain cautious on...
16Feb2011 | vitalstocks | 0 comments | Continued(HON) Honeywell International Announces Issuance of Senior Debt
Honeywell International Inc (HON) announced the public offering of $800 million 4.250% senior notes due 2021 and $600 million 5.375% senior notes due 2041. Honeywell intends to utilize the proceeds of the offering to repay outstanding debt, including the repurchase of up to $400...
16Feb2011 | vitalstocks | 0 comments | Continued(EU) Non-U.S. Banks Stock Update – February 2011 – Industry Outlook
Aided by worldwide regulatory reform, the global banking industry has reached a phase of a transformation in 2011. Since 2010, the industry has been recovering at a moderate pace from the worst financial crisis in history that started as a credit issue in the subprime enclave...
15Feb2011 | vitalstocks | 0 comments | Continued(CF) CF Industries Holdings Fourth Quarter 2010 Earnings Preview
CF Industries Holdings Inc. (CF) is slated to release its fourth quarter 2010 results on Friday, February 18 before the market opens. The current Zacks Consensus Estimate for the fourth quarter is $2.59, representing a significant annualized growth of 80.07%. However, with respect...
15Feb2011 | vitalstocks | 0 comments | Continued(FDX) FedEx Reduces Third Quarter 2011 Earnings Outlook
FedEx Corporation (FDX) lowered its expectation for third quarter 2011 adjusted earnings by 25 cents per share. Severe winter storms and higher fuel prices provoked management to take this drastic step. The company was compelled to cancel several flights in the U.S. and Europe...
15Feb2011 | vitalstocks | 0 comments | Continued(MAR) Marriott International Fourth Quarter Results Beats Analyst Estimates
Marriott International Inc. (MAR) has reported fourth quarter 2010 adjusted earnings of 39 cents per share, above the Zacks Consensus Estimate of 36 cents. Earnings were at the higher end of the company’s guidance of 33 cents to 36 cents, and recorded a substantial increase...
15Feb2011 | vitalstocks | 0 comments | Continued