Archive for February, 2011
(SIRI) SIRIUS XM Radio Posts Mixed Fourth Quarter Results
SIRIUS XM Radio Inc. (SIRI) declared its financial results for the fourth quarter of 2010. Quarterly GAAP net loss was $81.5 million or 2 cents per share compared with a net income of $11.8 million or break-even in the prior-year quarter. However, fourth quarter adjusted (excluding...
15Feb2011 | vitalstocks | 0 comments | Continued(CHT) Chunghwa Telecom Analyst Downgrades Shares to Underperform
We downgrade our recommendation for Chunghwa Telecom Co. Ltd. (CHT), the largest integrated telecom service provider in Taiwan, to Underperform, ahead of the fourth quarter of 2010 financial results. The reason for the change in recommendation is the current high-level of valuation...
15Feb2011 | vitalstocks | 0 comments | Continued(KMX) U.S. January Retail Sales Disappoint Analysts
Retail Sales were weaker than expected in January. Total retail sales rose 0.3%, below the 0.5% consensus expectation, and are up 7.8% from a year ago. December was revised down from 0.6% growth to 0.5% growth. The Retail Sales report covers far more than just the shopping malls...
15Feb2011 | vitalstocks | 0 comments | Continued(MGM) MGM Resorts International Earings Report Beats The Street
MGM Resorts International (MGM) reported its fourth-quarter 2010 adjusted loss of 20 cents per share as compared with the Zacks Consensus Estimate of 22 cents loss per share and the year-earlier loss of 21 cents. On a GAAP basis, net loss per share was 29 cents compared with...
15Feb2011 | vitalstocks | 0 comments | Continued(DELL) U.S. Retail Sales a Bit Light – Ahead of Wall Street
A handful of economic reports has just been released. The news is mixed overall with a slight downward bias, and futures are down modestly in response at this hour. Retail sales were up 0.3% in January, down from the 0.5% expected and the adjusted December number, also 0.5%....
15Feb2011 | vitalstocks | 0 comments | Continued(BA) Boeing’s New 747-8 Rolls Out Full of Advanced Technology
Aerospace and defense giant The Boeing Company (BA) unveiled the new 747-8 Intercontinental on Sunday, February 13. The latest from Boeing’s 747 line of airplanes, the 747-8 International is touted as the largest passenger aircraft built by the company that is all set to revolutionize...
15Feb2011 | vitalstocks | 0 comments | Continued(JPM) U.S. Bank Failures Continue in 2011 With Four More Closures
The ongoing economic volatility took its toll on a few more small banks last week. On Friday, four more were shuttered by the U.S. regulators. These banks were based in Florida, Michigan, Wisconsin and California. This takes the total number of bank failures to 18 so far in 2011,...
15Feb2011 | vitalstocks | 0 comments | Continued(ABX) Barrick Gold Corporation Fourth Quarter 2010 Earnings Preview
Barrick Gold Corporation (ABX) is slated to release its fourth quarter 2010 results on Thursday, February 17 before the market opens. The current Zacks Consensus Estimate for the fourth quarter is 85 cents, representing a significant annualized growth of 41.39%. With respect...
15Feb2011 | vitalstocks | 0 comments | Continued(GD) General Dynamics Awarded U.S. Navy Contract Modification to Lower Submarine Costs
Defense and aerospace operator General Dynamics Corporation (GD) was awarded a $60 million U.S. Navy contract modification focused on design changes to make the Virginia-class submarines more affordable. Work on the contract will be done by General Dynamics’ wholly owned subsidiary...
15Feb2011 | vitalstocks | 0 comments | Continued(TWX) Viacom First Quarter 2011 Earning Scorecard
Viacom Inc. (VIA.B) reported mixed financial results for the first quarter of fiscal 2011. While earnings per share (EPS) beat the Zacks Consensus Estimates, revenues fell well short of it. This was primarily due to extremely weak sales of DVD and lack of successful movie releases...
15Feb2011 | vitalstocks | 0 comments | Continued(WFC) Wells Fargo Analyst Reiterates Neutral Rating on Shares
We are reiterating our Neutral recommendation on Wells Fargo & Company (WFC) following the company’s fourth quarter and full-year earnings release. The reaffirmation follows our analysis of the company’s fundamentals, strategic acquisition, threats and opportunities. Fourth...
15Feb2011 | vitalstocks | 0 comments | Continued(NFLX) Netflix Changes Hollywood’s Business Models
by Tony D’Altorio, Investment U Research Tuesday, February 15, 2011 Hollywood’s traditional business model is in a state of flux. That much is evident in the closed, and closing, stores of bankrupt Blockbuster (PINK: BLOAQ). The DVD rental chain used to pay movie studios...
15Feb2011 | InvestmentU | 0 comments | Continued(AA) Aluminum Commodity is Gaining Momentum
by Tony D’Altorio, Investment U Research Tuesday, February 15, 2011 With some base metals smashing record highs, it’s difficult to focus on lackluster aluminum. Copper, for instance – a hedge fund favorite – hit a new high of $10,000 a metric ton on the London Metals...
15Feb2011 | InvestmentU | 0 comments | Continued(NTAP) NetApp Third Quarter 2011 Earnings Preview
NetApp Inc. (NTAP) is scheduled to announce its third quarter 2011 results on February 16. Upward revisions to estimates reflect positive sentiments on the stock. Second Quarter Overview NetApp reported solid second quarter 2011 numbers, with both earnings per share and revenue...
15Feb2011 | vitalstocks | 0 comments | Continued(BP) Stock Market News for February 15, 2011 – Market News
Markets closed marginally higher yesterday, after the absence of any major events which could have any significant impact. Though the Dow Jones Industrial Average fell, other benchmarks including S&P 500 and the tech-laden Nasdaq gained modestly posting new highs. The gain...
15Feb2011 | vitalstocks | 0 comments | Continued(A) Company News for February 15, 2011 – Corporate Summary
• According to Nielson, Netflix (NASDAQ:NFLX) became a top-ten video service based on total number of streams and unique visitors • Motorola Mobility Holdings (NYSE:MMI) reported it will buy a small company which develops software that boosts the security of mobile devices...
15Feb2011 | vitalstocks | 0 comments | Continued(SYK) Stryker’s New Hip System Approved by FDA
Orthopedic devices major Stryker Corporation (SYK) has secured the 510(k) approval from the U.S. Food and Drug Administration (“FDA”) for its MDM X3 (“Modular Dual Mobility”) mobile bearing hip system. The product represents an important addition to the Michigan-based...
15Feb2011 | vitalstocks | 0 comments | Continued(HIT) Merge Healthcare Announces Seven New Contracts for Clinical Trials
With an aim to strengthen its position in the health IT (HIT) market, Merge Healthcare (MRGE) has taken up seven new contracts for its clinical trials solutions. In this regard, the company signed a deal with North Carolina based Cato Research Ltd., a Contract Research Organization...
15Feb2011 | vitalstocks | 0 comments | Continued(EL) Estee Lauder Companies – Bull of the Day
Estee Lauder Companies (EL) is one of the leading players in the global cosmetics space and commands a strong portfolio of well-established brands. The company is currently undertaking initiatives to reduce overheads and optimize inventory levels, which augur well for future...
15Feb2011 | vitalstocks | 0 comments | Continued(THOR) Thoratec Corporation – Bear of the Day
We downgrade our rating for Thoratec Corp. (THOR) to Underperform. Fourth-quarter fiscal 2010 revenues and earnings both missed the Zacks Consensus Estimates. Although Thoratec is still a growing company, its single product line and small size make it a riskier proposition. HeartWare...
15Feb2011 | vitalstocks | 0 comments | Continued(VCLK) ValueClick Fourth Quarter 2011 Earnings Preview
ValueClick Inc. (VCLK) is slated to release its fourth quarter 2010 results on February 15. Third Quarter Highlights ValueClick’s third quarter earnings surpassed the Zacks Consensus Estimate of 14 cents per share. Earnings (including stock-based compensation but excluding...
15Feb2011 | vitalstocks | 0 comments | Continued(BHI) U.S. Drilling Rig Count Drops for First Time in 2011
In its weekly release, Houston-based oilfield services company Baker Hughes Inc. (BHI) reported a fall in the U.S. rig count (number of rigs searching for oil and gas in the country), primarily reflecting a decrease in the number of land rigs. The Baker Hughes rig count, issued...
14Feb2011 | vitalstocks | 0 comments | Continued(CVX) Chevron Announces New Natural Gas Site Potential
U.S. energy behemoth Chevron Corp. (CVX) announced the discovery of a new offshore natural gas site (Orthrus-2) in Western Australia’s Carnarvon Basin. The discovery – the tenth by Chevron off the Australian coast during the last 18 months – builds on the integrated oil...
14Feb2011 | vitalstocks | 0 comments | Continued(GILD) Gilead Sciences Refiles FDA New Drug Application for HIV Combo Pill
Gilead Sciences Inc. (GILD) recently refiled a New Drug Application (NDA) with the US Food and Drug Administration (FDA) for the single-tablet combination of Truvada and TMC-278 (rilpivirine). The company is seeking to get the combination drug approved as a treatment of adult...
14Feb2011 | vitalstocks | 0 comments | Continued(RLI) RLI Corporation – Bull of the Day
We are upgrading RLI Corporation (RLI) to Outperform on the back of strong results during the fourth quarter. The company’s fourth quarter earnings results exceeded the Zacks Consensus Estimate largely on the heels of lower expenses and better performance at the Property...
14Feb2011 | vitalstocks | 0 comments | Continued(MNKD) MannKind Fourth Quarter Reports Smaller-than-Anticipated Loss
MannKind Corporation’s (MNKD) fourth quarter 2010 net loss of $0.33 per share was narrower than the Zacks Consensus Estimate of a loss of $0.40. The company had suffered a loss of $0.41 (excluding the loss of $12.8 million pertaining to the disposal of fixed assets) in the...
14Feb2011 | vitalstocks | 0 comments | Continued(TOT) TOTAL S.A. Earnings Report Misses The Street
Integrated oil and gas company TOTAL S.A. (TOT) reported its fourth-quarter 2010 operating earnings of $1.54 per share (€1.14 per share) versus the Zacks Consensus Estimate of $1.58 per share. The operating earnings of the company reflected a growth of 12.4% from $1.37 (€0.93...
14Feb2011 | vitalstocks | 0 comments | Continued(HE) Hawaiian Electric Industries Earnings Miss Estimate
Hawaiian Electric Industries Inc. (HE) announced fourth-quarter 2010 operating earnings of 26 cents per share, missing both the Zacks Consensus Estimate and the year-ago earnings of 35 cents. The decline in earnings is attributed to weather-driven declines in utility sales. Fiscal...
14Feb2011 | vitalstocks | 0 comments | Continued(WMGI) Wright Medical Group Earnings Inch Past Estimates
Orthopedic devices maker, Wright Medical Group (WMGI) reported fourth-quarter and fiscal 2010 adjusted (excluding one-time items) earnings per share of 22 cents and 68 cents, narrowly beating the Zacks Consensus Estimates of 21 cents and 66 cents, respectively. Reported net income...
14Feb2011 | vitalstocks | 0 comments | Continued(DRYS) DryShips Analyst Downgrades Shares to Underperform
We downgrade our recommendation for DryShips Inc. (DRYS) to Underperform, ahead of its fourth quarter 2010 financial results. Drybulk shipping industry is going through an extreme depressive situation. Despite improving global macroeconomic scenario, the financial condition of...
14Feb2011 | vitalstocks | 0 comments | Continued