Archive for February, 2011
(AOL) Stock Market News for Feb 08, 2011 – Market News
Strong earnings results, a flurry of merger and acquisition news and signs of normal economic activity in Egypt helped the markets to move up higher on Monday. The Dow Jones Industrial Average gained 0.57% to end at 12,161.55. The S&P 500 moved up 0.62%, or 8.18 points,...
8Feb2011 | vitalstocks | 0 comments | Continued(F) Ford Motor Company Anounces Recall of New Explorers
Ford Motor Co. (F) announced that it will recall more than 1,600 units of its newly launched Explorer sports utility vehicle due to a safety problem with the second row of seats. The vehicles were manufactured between July and December 2010. Ford stated that the seats were manufactured...
8Feb2011 | vitalstocks | 0 comments | Continued(AOL) Company News for February 08, 2011 – Corporate Summary
• Loews Corp. (NYSE:L) reported Q4 EPS of $1.12, ahead of the Zacks Consensus Estimate of $0.88 per share. Revenues for the quarter fell 3% year-over-year to $3.72 billion. • AOL (NYSE:AOL) announced its plans to acquire online news site Huffington Post for $315 million • Ensco...
8Feb2011 | vitalstocks | 0 comments | Continued(TM) Light Vehicle Sales Surge in January
The U.S. saw a significant rise in light vehicle sales in January. It grew significantly by 17% to a seasonally adjusted annual rate (SAAR) of 12.6 million units in January, reflecting a strong uplift in the industry. SAAR reached the highest level during the month since the...
8Feb2011 | vitalstocks | 0 comments | Continued(NOC) Northrop Grumman Prepares For F-35 Fighter Production
Los Angeles-based leading shipbuilder and defense contractor Northrop Grumman Corporation (NOC) signed a long-term F-35 Joint Strike Fighter (JSF) program parts agreement with an Australian advanced materials company Quickstep Technologies. Per the agreement, Quickstep Technologies...
8Feb2011 | vitalstocks | 0 comments | Continued(BP) Chevron Sheds Some Spanish Units
Integrated global energy company Chevron Corp. (CVX) has inked a deal with Spanish major Compania Espanola de Petroleos SA or CEPSA to sell its fuels, finished lubricants and aviation businesses in Spain. The financial terms of the agreement were not disclosed. The scope of...
8Feb2011 | vitalstocks | 0 comments | Continued(AAPL) Apple Getting Close to Losing its Glossy Shine?
by Tony D’Altorio, Investment U Research Monday, February 7, 2011 In Silicon Valley, many companies have extraordinarily close ties to their founders. Take Apple (Nasdaq: AAPL), for example. Last month, news of Steve Jobs’ latest health-related leave of absence sent shares...
8Feb2011 | InvestmentU | 0 comments | Continued(HUM) Humana Quarterly Earnings Report Outshines Expectations
Humana Inc. (HUM) reported its fourth-quarter operating earnings (excluding special items) of $1.65 per share, surpassing the Zacks Consensus Estimate of 80 cents. This also compares favorably with earnings of $1.48 in the year-ago quarter. The operating earnings exclude the...
8Feb2011 | vitalstocks | 0 comments | Continued(JPM) U.S. Bank Failures Rise to Fourteen in 2011
Bank failures continue unabated as the U.S. regulators closed down three more banks last Friday. Out of the three failed banks, two were based in Georgia and one in Illinois. This brings the number of U.S. bank failures to 14 so far in 2011, preceded by 157 in 2010, 140 in 2009...
8Feb2011 | vitalstocks | 0 comments | Continued(HIG) Hartford Financial Services Group Earnings Miss – Company Doubles Dividend
Hartford Financial Services Group Inc. (HIG) reported its fourth-quarter adjusted core earnings of $451.0 million or 91 cents per share, lagging the Zacks Consensus Estimate of 96 cents. Additionally, Hartford was way behind the adjusted core earnings of $527 million or $1.12...
8Feb2011 | vitalstocks | 0 comments | Continued(CBG) CB Richard Ellis Group – Bull of the Day
CB Richard Ellis (CBG) reported strong fourth quarter results, beating the Zacks Consensus Estimate by 2 cents. CB Richard Ellis is the largest commercial real estate services firm, with leading full-service operations in major metropolitan areas throughout the world. The company...
8Feb2011 | vitalstocks | 0 comments | Continued(ADP) U.S. Initial Claims for Unemployment Insurance Fall
Initial Claims for Unemployment Insurance fell by 42,000 last week to 415,000 (last week was revised up by 3,000, so one could see it as a 39,000 decline). This was a bit better than the expected level of 425,000. This is a welcome turnaround, but only partially negates last...
8Feb2011 | vitalstocks | 0 comments | Continued(C) Citigroup Analyst Downgrades Shares to Neutral
We have downgraded our recommendation on Citigroup Inc. (C) to Neutral from Outperform, following its fourth quarter earnings release. The downgrade follows our evaluation of the company fundamentals. Fourth Quarter and Full-Year 2010 Highlights Citigroup’s fourth quarter...
7Feb2011 | vitalstocks | 0 comments | Continued(DVR) TiVo Announces Launch of Free Advertising Effectiveness Evaluation Website
A provider of interactive advertising solutions and developer of digital video recorder (DVR), TiVo Inc. (TIVO) recently launched a free interactive website that measures and compares the effectiveness of commercial advertising. The free website uses TiVo’s pioneering research...
7Feb2011 | vitalstocks | 0 comments | Continued(AET) Stock Market News for Feb 07, 2011 – Market News
Markets edged past concerns arising out of mixed employment data and closed with modest gains. The S&P 500 recorded its best week for the past 9 weeks and markets closed at their best in 2 months. A moderately improving economy and modest corporate earnings inspired the...
7Feb2011 | vitalstocks | 0 comments | Continued(BHI) U.S. Drilling Rig Count Increases by Seven
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...
7Feb2011 | vitalstocks | 0 comments | Continued(AAPL) Company News for February 07, 2011 – Corporate Summary
• TECO Energy (NYSE:TE) reported Q4 diluted EPS of $0.26, slightly above the Zacks Consensus Estimate of $0.25 per share. Revenues for the quarter rose 1.3% year-over-year to $775.0 million, lower than the Zacks Consensus Estimate of $932.0 million • GameStop (NYSE:GME)...
7Feb2011 | vitalstocks | 0 comments | Continued(LNC) Lincoln National Fourth Quarter Earnings Lag Forecast on Higher Charges
Lincoln National Corporation’s (LNC) fourth quarter operating earnings per share of 82 cents came in way behind the Zacks Consensus Estimate of 88 cents and 90 cents recorded in the prior-year quarter. Results were primarily impacted by a charge of $41 million or 13 cents per...
7Feb2011 | vitalstocks | 0 comments | Continued(HAR) Harman International Industries Reports Strong Second Quarter Earnings
Harman International Industries Inc. (HAR), a developer of audio products and electronic systems, reported strong second quarter 2011 earnings, comprehensively beating the Zacks Consensus Estimate of 52 cents, by 27 cents. Harman achieved impressive growth during the second quarter,...
7Feb2011 | vitalstocks | 0 comments | Continued(STP) Suntech Power – ADR – Bull of the Day
Suntech Power Holdings Co. (STP) is one of the largest producers of PV solar modules in the world. The company is prudently expanding its revenue base to divergent markets around the globe, along with increasing megawatts shipped. To cater to this rising demand, the company is...
7Feb2011 | vitalstocks | 0 comments | Continued(MCD) U.S. Employment Report in Analysis in Depth – Part 2
Demographics of Joblessness Men vs. Women This recession has hit men harder than it has hit women. However, over the past year, things seem to be “evening out” between the genders. This month the news was good for almost all demographic groups. In January, the unemployment...
6Feb2011 | vitalstocks | 0 comments | ContinuedU.S. Employment Report in Analysis in Depth – Part 1
The economy added a total of 36,000 jobs in January. That is far below consensus expectations for a gain of 148,000. The small increase is particularly disappointing relative to the numbers put out on Wednesday by ADP that showed a gain of 187,000 private sector jobs. Government...
6Feb2011 | vitalstocks | 0 comments | Continued(EOG) How to Profit From the New Oil Boom in Texas
by David Fessler, Energy and Infrastructure Expert Friday, February 4, 2011: Issue #1443 It was 1894 when a crew of workers in Corsicana, Texas were drilling for water… only to strike oil instead. The rest, as they say, is history – and Texas’ relationship with black...
6Feb2011 | InvestmentU | 0 comments | Continued(AEO) Company News for February 04, 2011 – Corporate Summary
• MasterCard (NYSE:MA) reported Q4 EPS of $3.16, lower than the Zacks Consensus Estimate of $3.98 per share. Revenues for the quarter rose 10.7% year-over-year to $1.44 billion, beating the Zacks Consensus Estimate of $1.436 billion • Kellogg Company (NYSE:K) reported Q4...
6Feb2011 | vitalstocks | 0 comments | Continued(BJ) Stock Market News for February 04, 2011 – Market News
Markets closed in the green on Thursday after reports of strong sales posted by retailers for January and other positive economic data sparked a rally. However, the gains were limited by mixed earnings reports and worries about the situation in the Egypt. The Dow Jones Industrial...
6Feb2011 | vitalstocks | 0 comments | Continued(NAV) Be Aware of Egypt’s Impact on Your Portfolio – AAII Investor Update
What impact should Egypt have on your investing decisions? The answer is not much, unless you believe you have particularly good insight into Middle East affairs. My rationale is that Egypt accounts for a small portion of the world economy and, more importantly, that the events...
4Feb2011 | Shawn | 0 comments | Continued(EK) Eastman Kodak Company – Bear of the Day
We downgrade our recommendation on Eastman Kodak Co. (EK) from Neutral to Underperform based on the recent loss of lawsuit against Apple Inc. and Research In Motion Limited for infringement of patent upon initial determination. Zacks reduced its fiscal 2011 and 2012 estimate...
4Feb2011 | vitalstocks | 0 comments | Continued(ADTN) ADTRAN Incorporated – Bull of the Day
We are upgrading our recommendation on ADTRAN Inc. (ADTN) to Outperform based on strong fundamentals. Fourth quarter earnings strongly outpaced the Zacks Consensus Estimate and year-ago results on record high revenue. ADTRAN’s three growth products are constantly delivering...
4Feb2011 | vitalstocks | 0 comments | Continued(HOT) Hotels and Lodging Industry Outlook – February 2011 – Industry Outlook
The hotels and lodging industry seems to be back in demand, thanks to the gradual global economic recovery. The industry has been witnessing a return of business travelers, with a rising demand for leisure. However, the rate of improvement in room rates still lags. Riding on...
4Feb2011 | vitalstocks | 0 comments | Continued(ENR) Energizer Holdings Miss The Street – Guides Future Lower
Energizer Holdings Inc. (ENR) reported first quarter 2011 non-GAAP earnings (excluding charges) of $1.68 per share, well below the Zacks Consensus of $1.92 per share, based on increased expenses, poor margins and lower profit from the battery business in the quarter. Earnings...
3Feb2011 | vitalstocks | 0 comments | Continued