Archive for March, 2011
(GDP) Coal Industry Outlook – March 2011 – Industry Outlook
The outlook for the coal industry has taken a turn after the long spell of weakness experienced in 2008 and 2009, driven by several powerful trends in the U.S. and Asia. Recent economic indicators suggest that the U.S. economy is regaining its stability, and sees a rebound in...
17Mar2011 | vitalstocks | 0 comments | Continued(WPI) Watson Pharmaceuticals Analyst Maintains Neutral Rating on Shares
We recently reaffirmed our Neutral stance on Watson Pharmaceuticals Inc. (WPI) following the release of fourth quarter and fiscal year 2010 financial results. Quarterly earnings of 93 cents per share were in line with the Zacks Consensus Estimate and 8 cents above the year-ago...
17Mar2011 | vitalstocks | 0 comments | Continued(NVTL) Novatel Wireless – Bear of the Day
We reaffirm our long-term Underperform recommendation on Novatel Wireless (NVTL) following its fourth quarter 2010 financial results, which fell well below the Zacks Consensus Estimate. Novatel also provided a very weak first quarter 2011 financial outlook. The company cited...
17Mar2011 | vitalstocks | 0 comments | Continued(ALXA) Alexza Pharmaceuticals – Bull of the Day
We are upgrading our rating on shares of Alexza Pharmaceuticals (ALXA) to Outperform and raising our price target to $3 per share. We believe the company is on track to re-file the new drug application (NDA) on AZ-004 (Staccato loxapine) for the treatment of acute agitation in...
17Mar2011 | vitalstocks | 0 comments | Continued(HPQ) Hewlett-Packard Completes 3PAR Integration – Advances in the Cloud
Yesterday, Hewlett-Packard Company (HPQ) completed the integration of 3PAR Inc. into its Converged Infrastructure portfolio. HP had acquired virtualized storage solutions provider 3PAR in September 2010 at a hefty price of $33 per share, outbidding Dell Inc. (DELL). HP’s Converged...
16Mar2011 | vitalstocks | 0 comments | Continued(DVR) TiVo Quarterly Earnings Miss Forecasts – Guides Lower
A developer of advanced television services including digital video recorders (DVR), TiVo Inc. (TIVO) reported a loss of 30 cents per share in the fourth quarter of 2011, worse than the Zacks Consensus Estimate of a loss of 28 cents. TiVo provided disappointing first quarter...
16Mar2011 | vitalstocks | 0 comments | Continued(BMY) Bristol-Myers Squibb Earns European Clearance for Baraclude
Recently, Bristol-Myers Squibb Company (BMY) received a boost with the European Commission (EC) approving Baraclude (entecavir) for an additional indication. The current approval by the European regulatory authorities allows Bristol-Myers to market Baraclude in 27 nations of...
16Mar2011 | vitalstocks | 0 comments | Continued(S) Sprint Nextel Pushing for Deploying Complete 4G Network by End of 2013
Sprint Nextel (S), the third-largest U.S. wireless carrier, intends to complete the deployment of long-term evolution (LTE) technology based fourth generation (4G) network in its entire coverage by year-end 2013. Sprint is a trailblazer in 4G having leapfrogged over its larger...
16Mar2011 | vitalstocks | 0 comments | Continued(AAPL) Company News for March 15, 2011 – Corporate Summary
• Berkshire Hathaway (NYSE:BRKB) agreed to buy The Lubrizol Corporation (NYSE:LZ) for $135 per share. This all cash deal is estimated at $9 billion • Walt Disney (NYSE:DIS) announced that its Tokyo Disneyland and Disney Sea theme parks are expected to be shut down for about...
16Mar2011 | vitalstocks | 0 comments | Continued(AAPL) Stock Market News for March 16, 2011 – Market News
Optimistic comments from the Federal Reserve on Tuesday helped instill some confidence in the economy and limited the markets from ending at session lows. Benchmarks inched down by a point as Japan’s nuclear crisis started taking its toll, raising concerns of a dip in the global...
16Mar2011 | vitalstocks | 0 comments | Continued(BWS) Company News for March 16, 2011 – Corporate Summary
• Toyota Motor (NYSE:TM) dealers in the U.S. are concerned about the tight supply of Prius hybrids and the auto maker’s ability to produce them following Japan’s earthquake and tsunami • General Electric Co. (NYSE:GE) dropped to $19.61 per share at the close given...
16Mar2011 | vitalstocks | 0 comments | Continued(AAPL) Stock Market News for March 15, 2011 – Market News
On Monday a host of worrying events in Japan took the markets lower. After dropping to their lowest intraday levels in six weeks, the major U.S. stock indexes rebounded late in the afternoon and markets trimmed their losses. The market strength was as usual on the declining side,...
16Mar2011 | vitalstocks | 0 comments | Continued(WAG) Walgreen Announces Sale of Pharmacy Benefit Management Business
Walgreen (WAG), one of the largest retail pharmacy chains in the US, has decided to sell its pharmacy benefit management (PBM) business to Catalyst Health (CHSI) for $525 million in cash. The transaction, expected to close by the end of June 2011, is subject to regulatory clearances....
15Mar2011 | vitalstocks | 0 comments | Continued(JPM) U.S. Bank Failures Reach 25 in 2011
After a week’s hiatus, U.S. regulators were back in action, shuttering two more banks in Oklahoma and Wisconsin. These pushed up the number of failed U.S. banks to 25 so far in 2011. These were preceded by 157 bank failures in 2010, 140 in 2009 and 25 in 2008. While the lifesaving...
15Mar2011 | vitalstocks | 0 comments | Continued(GS) Natural Rubber is the Shortage That’s Centuries in the Making that Nobody is Talking About
by David Fessler, Investment U Energy and Infrastructure Specialist Tuesday, March 15, 2011 I drive by the same gas station every day. And every day last week, prices were higher than the day before. Not too surprising, given the unsettling situations in North Africa and...
15Mar2011 | InvestmentU | 0 comments | Continued(DFS) Discover Financial Services – Bull of the Day
We are upgrading our recommendation on Discover Financial Services (DFS) from Neutral to Outperform based on the acquisition of Student Loan Corp. that would enhance its already strong student loan portfolio. Additionally, Discover’s fourth quarter earnings were substantially...
15Mar2011 | vitalstocks | 0 comments | Continued(CENT) Central Garden & Pet- Bear of the Day
Central Garden & Pet Company (CENT) continued its loss momentum during the first quarter of 2011. Despite a 4.6% increase in the top-line, the company delivered a quarterly loss of $0.16 per share, which was broader than the Zacks Consensus Estimate loss of $0.10 and the...
15Mar2011 | vitalstocks | 0 comments | Continued(BHI) U.S. Weekly Rig Count Up by Eight Units
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...
14Mar2011 | vitalstocks | 0 comments | Continued(AAPL) Apple iPad2 Debut Receives Great Response
Apple Inc.’s (AAPL) much-hyped tablet computer iPad2 received a blockbuster response in its debut weekend. Analysts believe that Apple may have sold more than 500,000 iPad2s after retail outlets ran out of the tablet-style device since its arrival on March 11. iPad2 is available...
14Mar2011 | vitalstocks | 0 comments | Continued(ANN) Company News for March 14, 2011 – Corporate Summary
• Tesoro Corp. (NYSE:TSO) shares ended 8.5% higher at $24.51 as crude-oil prices fell below $101 a barrel and after analysts said that the earthquake could prompt demand for companies that could offset loss of energy from Japanese nuclear plants shuttered after the quake • AnnTaylor...
14Mar2011 | vitalstocks | 0 comments | Continued(LNG) Stock Market News for March 14, 2011 – Market News
On Friday, markets overcame fears of any near-term slide in the wake of global issues to end higher as materials and energy helped the indices post gains. The mass destruction caused by the earthquake and tsunami in the third largest economy of the world, Japan, failed to unnerve...
14Mar2011 | vitalstocks | 0 comments | Continued(JPM) Is U.S. Bank Foreclosure Process Being Modified?
On Friday, the Wall Street Journal reported that many large U.S. mortgage servicers received a document proposing changes in foreclosure policies from state attorneys general (AGs) and federal regulators. These mortgage servicers include names like JPMorgan Chase & Co (JPM),...
13Mar2011 | vitalstocks | 0 comments | Continued(AIG) American International Group Analyst Upgrades Shares to Outperform
Yesterday, we upgraded our recommendation on American International Group Inc. (AIG) to Outperform from Underperform based on increased optimism about gaining capital flexibility. Despite the financial upheaval within AIG, it enjoys the leading insurer position, according to...
13Mar2011 | vitalstocks | 0 comments | Continued(HDB) HDFC Bank Limited – Bear of the Day
We downgrade our recommendation on HDFC Bank, Ltd. – ADS (HDB) to Underperform from Neutral based on the looming threat of higher cost of funds and ebbing loan demand. Higher operating expenses along with puffy provisions and contingencies were the downside in its latest...
13Mar2011 | 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...
13Mar2011 | vitalstocks | 0 comments | Continued(TIVO) TiVo Issues Convertible Senior Notes Worth $120 Million
TiVo Inc. (TIVO) is offering Convertible Senior Notes worth $120.0 million in a private placement to qualified institutional buyers as per Rule 144A under the Securities Act of 1933. The Senior Notes will mature in 2016. TiVo also expects to grant an over allotment option of...
13Mar2011 | vitalstocks | 0 comments | Continued(LWSN) Is Lawson Software Planning on Selling Software Business?
According to Reuters, Lawson Software (LWSN) is exploring possibilities of selling its software business. The rumors of the sale led to a 13.26% surge in the stock price on March 8, 2011, which closed at $11.19. The stock further gained 0.27% in after market trading. Lawson has...
13Mar2011 | vitalstocks | 0 comments | Continued(RPM) Airlines Soar Despite High Fares
Jet fuel prices rose over 53% as oil price increased to above $100 per barrel given the ongoing civil unrest in the Middle East. Despite the sharp rise in fuel prices, airline traffic picked up significantly in February attributable to a strong revival in the economy. The month...
13Mar2011 | vitalstocks | 0 comments | Continued(XOM) U.S. Energy Department Report Cushing Oil Stocks Soar
The U.S. Energy Department’s weekly inventory release showed a steep build-up in crude stockpiles with supplies at the key delivery hub of Cushing hitting a record high for the second time in a row. The agency’s report further added that fuel inventories were off from...
13Mar2011 | vitalstocks | 0 comments | Continued(AAPL) Apple’s iPad2 Ships Today
Apple Inc. (AAPL) will kick start sales of iPad2, its second generation tablet computer with additional features this afternoon. Enthusiasts can also order for the iPad2 online from 1 am PST onward, well before it goes on sale from 5p.m local time at various Apple outlets in...
13Mar2011 | vitalstocks | 0 comments | Continued