Archive for March, 2011
(PTR) PetroChina Signs Chinese Refinery Deal with Aramco
PetroChina Co. Ltd. (PTR), a unit of China National Petroleum Corp., or CNPC signed a Memorandum of Understanding (MoU) with the Saudi oil giant Aramco Overseas Company. Both companies will jointly build a refinery with 10 million metric tons per annum grassroots full conversion...
22Mar2011 | vitalstocks | 0 comments | Continued(JLL) Jones Lang LaSalle – Bull of the Day
We are changing our long-term recommendation for Jones Lang LaSalle (JLL) from Neutral to Outperform as we anticipate it to perform well above the broader market. Jones Lang reported record revenues in fiscal 2010 and expects to maintain the momentum in 2011 as well, with continued...
22Mar2011 | vitalstocks | 0 comments | Continued(UTI) Universal Tech Institute – Bear of the Day
Universal Technical Institute’s (UTI) average enrollment rose 8.5% but dropped 690 basis points sequentially. The rate of fall in the new enrollments accelerated to 13% during the most recent quarter, following a decline of 5% in fourth-quarter 2010. Management warned...
22Mar2011 | vitalstocks | 0 comments | Continued(AAPL) Japan’s Earthquake Rattles Global Supply Chains
by Tony D’Altorio, Investment U Research Monday, March 21, 2011 The rest of the world is just beginning to feel the effects of Japan’s earthquake, tsunami and resulting damage to several nuclear reactors. While more economic aftershocks are certain going forward, the...
22Mar2011 | InvestmentU | 0 comments | Continued(XOM) U.S. Energy Department Reports Crude Inventory Builds
The U.S. Energy Department’s weekly inventory release showed a build-up in crude stockpiles on the back of climbing imports. At the same time, the agency’s report added that fuel inventories were off significantly from the previous week levels, while refinery run-rates...
22Mar2011 | vitalstocks | 0 comments | Continued(NYT) New York Times Company Says “Time to Pay”
The much-awaited pricing system for The New York Times Company’s (NYT) NYTimes.com is knocking at the door with a March 28, 2011 launch date in the United States and worldwide. This would mark an end to the free usage of online content. The company has already launched the...
21Mar2011 | vitalstocks | 0 comments | Continued(JPM) JPMorgan Chase Raises Dividend
Finally, JPMorgan Chase & Co. (JPM) increased its quarterly cash dividend to 25 cents per share. This dividend is payable on April 30, 2011 to the shareholders of record at the close of business on April 6, 2011. Hence, the annual dividend payable to the shareholders comes...
21Mar2011 | vitalstocks | 0 comments | Continued(ALV) Company News for March 21, 2011 – Corporate Summary
• Cisco Systems (NASDAQ:CSCO) announced that on March 17, 2011 its board of directors approved the initiation of quarterly cash dividends of $0.06 to its shareholders, which is the first cash dividend in the company’s history. A quarterly dividend will be paid on April...
21Mar2011 | vitalstocks | 0 comments | Continued(AXP) Stock Market News for March 21, 2011 – Market News
The markets, on Friday, edged modestly higher taking a cue from banks getting a go-ahead for raising dividend rates and a weakening Japanese yen. Also, the Libyan government’s decision for a cease-fire helped calm investors down for the moment. However, investor expectations...
21Mar2011 | vitalstocks | 0 comments | Continued(WFC) Are Federal Reserve Bank Stress Test Results an Encouraging Sign?
Following the release of the Federal Reserve’s much-awaited stress test results on Friday, many big banks that were granted the green signal took immediate action to raise their dividends. The Fed allowed America’s strongest banks that have passed the second round of stress...
21Mar2011 | vitalstocks | 0 comments | Continued(XOM) U.S. Energy Department Report Shows Crude Builds – Fuels Drop
The U.S. Energy Department’s weekly inventory release showed a build-up in crude stockpiles on the back of climbing imports. At the same time, the agency’s report added that fuel inventories were off significantly from the previous week levels, while refinery run-rates...
20Mar2011 | vitalstocks | 0 comments | Continued(JPM) Federal Deposit Insurance Corporation Sues Three Washington Mutual Executives
On Wednesday, The Federal Deposit Insurance Corp. (FDIC) sued three former top executives of Washington Mutual (WaMu). Federal regulators accused the executives for taking excessive and historically unmatched risks with the failed bank’s home loan portfolio. FDIC filed...
20Mar2011 | vitalstocks | 0 comments | Continued(AIG) Troubled Asset Relief Program – Will Banks Get Addicted?
Considering the effectiveness in easing credit and capital market pressure and restoring confidence in the financial system as well as a near 99% recovery of the injected money at a lower-than-expected cost, there is no doubt that the Troubled Asset Relief Program (TARP) is a...
20Mar2011 | vitalstocks | 0 comments | Continued(MYL) Mylan Analyst Maintains Neutral Rating on Shares
We have maintained our Neutral recommendation on Mylan Inc. (MYL) with a target price of $23.00 after appraising fourth quarter and fiscal year 2010 financial results. Mylan’s fourth quarter 2010 earnings (excluding special items) of 45 cents per share were at par with the...
20Mar2011 | vitalstocks | 0 comments | Continued(APC) Anadarko Petroleum Reports Major Light Oil Field Success in Ghana
Oil and gas company Anadarko Petroleum Corporation (APC) announced the success of its Enyenra-2A (formerly known as Owo) appraisal well, offshore Ghana. The well, which encountered more than 120 net feet of pay, confirms that the Owo discovery is a major “light oil field”. The...
20Mar2011 | vitalstocks | 0 comments | Continued(GOOG) Google Removes Malicious Android Apps From User Phones
Rich Cannings, the security lead for Google Inc’s (GOOG) popular Android OS, wrote in a blog post that the company is remotely removing malicious apps from infected phones. Google is doing this through the “kill-switch” that already exists on all Android phones. The malicious...
20Mar2011 | vitalstocks | 0 comments | Continued(BAC) How Are Americans Using Their Credit Cards?
Learning from the latest economic crisis, regulators have been trying to swap the credit card swiping trend with alternative payment methods and prompting consumers to reduce their credit card debts. Consequently, a declining trend of credit card usage has been witnessed in recent...
20Mar2011 | vitalstocks | 0 comments | Continued(BNHN) Benihana Asian Restaurant Reports Sales Rise
Benihana Inc.(BNHN), the leading Asian restaurant chain in the United States, posted restaurant sales of $22.7 million for the four-week period ending February 27, 2011, up 4.6% from $27.9 million in the year-ago period. The increased sales were driven by higher customer visitation...
20Mar2011 | vitalstocks | 0 comments | Continued(AAPL) Company News for March 17, 2011 – Corporate Summary
• Weatherford International (NYSE:WFT) shares dropped 2.79% to close at $19.88 after the company said disruptions in the Middle East and North Africa along with weather-related issues have forced it to cut Q1 earnings projections • Deutsche Bank upgraded BB&T Corporation...
18Mar2011 | vitalstocks | 0 comments | Continued(AAPL) Company News for March 18, 2011 – Corporate Summary
• FedEx (NYSE:FDX) reported Q3 EPS of $0.81, slightly lower than the Zacks Consensus Estimate of $0.82 per share • Stifel Nicolaus upgraded Akamai Technologies Inc. (NYSE:AKAM) from “Hold” to “Buy” rating • Motorola Mobility Holdings Inc.’s (NYSE:MMI) reported...
18Mar2011 | vitalstocks | 0 comments | Continued(CHK) U.S. Energy Department Reports Natural Gas Stocks Dip Further
The U.S. Energy Department’s weekly inventory release showed a larger-than-expected drop in natural gas supplies, attributable to lower imports and a healthy drawdown in the Eastern region. The Weekly Natural Gas Storage Report brought out by the Energy Information Administration...
18Mar2011 | vitalstocks | 0 comments | Continued(CLF) Stock Market News for March 18, 2011 – Market News
Upbeat economic data helped offset fears of Japan’s nuclear meltdown and pushed indices higher ending a three-day losing streak for US markets. The day after the Dow recorded its largest decline since August 2010, the Dow Jones Industrial Average gained 1.39% to end at 11,774.51....
18Mar2011 | vitalstocks | 0 comments | Continued(EU) Stock Market News for March 17, 2011 – Market News
Indices washed out most of the gains of 2011 and plunged significantly as benchmarks S&P 500 and Nasdaq moved into negative territory for the year and the Dow had its worst showing in eight months. On the second-busiest trading day of the year, the crisis in Japan worsened...
18Mar2011 | vitalstocks | 0 comments | ContinuedOvervaluation Data from our Latest ValuEngine Valuation Watch
The ValuEngine Valuation Model tracks more than 5000 US equities, ADRs, and foreign stock which trade on US exchanges. The model calculates a level of mispricing or valuation percentage for each equity based on what the stock should be worth if the market were totally rational...
17Mar2011 | valuengine | 0 comments | Continued(KMX) U.S. Retail Sales Meet High Expectations
Retail Sales were in line with high expectations for February. Total retail sales rose 1.0%, and are up 8.9% from a year ago. January was revised up from 0.3% growth to 0.7% growth. That was a major positive surprise. The Retail Sales report covers far more than just the shopping...
17Mar2011 | vitalstocks | 0 comments | Continued(SNY) Warren Buffett’s Annual Letter to His Shareholders Always Gives Insight
By Steve McDonald, Investment U Analyst Thursday, March 10, 2011 Warren Buffett’s annual letter to his Berkshire Hathaway shareholders (released on February 26) has some very interesting information and tips that I think you can use… What Cash Says About Value: Buffett...
17Mar2011 | InvestmentU | 0 comments | Continued(IBKR) Interactive Brokers Group – Bear of the Day
We are downgrading our recommendation on Interactive Brokers Group (IBKR) to Underperform from Neutral based on its mediocre fourth-quarter 2010 results. Earnings for the reported quarter lagged the Zacks Consensus Estimate. Though results benefited from lower non-interest expenses,...
17Mar2011 | vitalstocks | 0 comments | Continued(RL) Polo Ralph Lauren – Bull of the Day
Polo Ralph Lauren (RL) reported better than expected third quarter 2011 earnings results. The quarterly earnings of $1.72 per share surpassed the Zacks Consensus Estimate of $1.28 and rose 56.4% from the prior-year quarter on the heels of a strong top-line and better margin performance. The...
17Mar2011 | vitalstocks | 0 comments | Continued(JPM) Large U.S. Bank Post-Stress Test Dividend Boosts Likely
On Friday, the Wall Street Journal reported that the much-awaited results of the stress tests conducted by the Federal Reserve would be out soon. The results will demonstrate if large U.S. banks’ balance sheets are healthy enough to boost dividends. In January, all 19 banks...
17Mar2011 | vitalstocks | 0 comments | Continued(TRIB) Trinity Biotech – Bull of the Day
Since its Q2 2010 clinical lab coag divestiture, Trinity Biotech (TRIB) has slashed operating costs and begun pumping its huge and growing cash balance into higher growth segments. Expectations are high for the PDX instrument, expected to launch in Europe and the U.S. in 2011. Development...
17Mar2011 | vitalstocks | 0 comments | Continued