Archive for March, 2011
(DVN) U.S. Energy Department Reports Smaller-Than-Expected Drop in Natural Gas Supplies
The U.S. Energy Department’s weekly inventory release showed a smaller-than-expected drop in natural gas supplies, attributable to mild weather and increasing production. The Weekly Natural Gas Storage Report brought out by the Energy Information Administration (EIA) every...
13Mar2011 | vitalstocks | 0 comments | Continued(TIVO) TiVo Increases Convertible Senior Note Debt Issue
TiVo Inc. (TIVO) increased the debt issuance in the form of Convertible Senior Notes from $120.0 million, as announced earlier, to $150.0 million with a semi-annual interest rate of 4.0% per year. The Senior Notes, expected to mature in 2016, will be available in a private placement...
11Mar2011 | vitalstocks | 0 comments | Continued(WYNN) Wynn Resorts Ltd – Revenue for the Fourth Quarter Was Up 53%
Wynn Resorts Ltd (WYNN) recently hit a new multi-year high above $126 as the company’s China based Macau resort continues to see huge gains. With a recent 44% earnings surprise and bullish 33% growth projection, this Zacks #2 rank stock has all the right moves. We got an...
11Mar2011 | vitalstocks | 0 comments | Continued(CMLS) Company News for March 11, 2011 – Corporate Summary
• Cumulus Media (NASDAQ:CMLS) reported that it has entered into a merger agreement to acquire all the outstanding common stock and warrants of Citadel Broadcasting Corp for $37 per share • Starbucks (NASDAQ:SBUX) and Green Mountain Coffee Roasters (NASDAQ:GMCR) have entered...
11Mar2011 | vitalstocks | 0 comments | Continued(ARO) Stock Market News for March 11, 2011 – Market News
A host of worrying events and results robbed investors of optimism to take the markets significantly lower, on Thursday as the benchmark Dow registered its worst performance in seven months. Geopolitical issues also weighed down the markets as tensions in the Middle East intensified...
11Mar2011 | vitalstocks | 0 comments | Continued(F) Auto Industry Outlook and Review – March 2011 – Industry Outlook
The auto industry is a highly concentrated one, with roughly 10 global automakers accounting for over 77% of total production worldwide. In 2010, General Motors Company (GM) led with a 19.1% market share in the U.S., followed by Ford Motor Co. (F) with a 16.7% market share, Toyota...
11Mar2011 | vitalstocks | 0 comments | Continued(UNP) U.S. Trade Deficit Turns Ugly
The Trade Deficit rose in January to $46.34 billion from $40.26 billion in December (revised down from $40.58 billion). The rise in the trade deficit is very bad news for the economy. Not only did it soar by 15.1% on the month, it was also much worse than the $41.50 billion consensus...
11Mar2011 | vitalstocks | 0 comments | Continued(JCP) J.C. Penney Company – Bull of the Day
J.C. Penney’s (JCP) well diversified supplier base, compelling merchandise, marketing campaigns, technological initiatives as well as effective cost and inventory management should drive sales and improve margin trends over the long term. The company delivered better-than-expected...
11Mar2011 | vitalstocks | 0 comments | Continued(GGB) Gerdau S.A. – ADR – Bear of the Day
Gerdau S.A. (GGB) is one of the leading low-cost steel producing companies. Despite this, there were negative sentiments for Gerdau as the company posted weak fourth quarter results, having been hurt primarily by higher raw material costs. Moreover, foreign currency fluctuation,...
11Mar2011 | vitalstocks | 0 comments | Continued(JPM) U.S. Securities and Exchange Commission Backs Rule to Resist Crisis
On Wednesday, the Securities and Exchange Commission (SEC) took a few steps to reinforce the country’s ability to combat economic crisis. The SEC proposed to curb bankers’ pay and limit the reliance on the credit rating agencies. These two proposals, along with the new governance...
10Mar2011 | vitalstocks | 0 comments | Continued(C) Company News for March 09, 2011 – Corporate Summary
• Citi (NYSE:C) analyst Mark Mahaney upgraded online travel company Expedia (NASDAQ:EXPE) from “Hold” to “Buy ”rating with a target price of $29 per share • Home builders Pulte Group (NYSE:PHM) reported an uptick in sales contracts. The company reported seasonal...
10Mar2011 | vitalstocks | 0 comments | Continued(AXP) Stock Market News for March 9, 2011 – Market News
Indices moved out of negative territory on Tuesday, as Bank of America provided assurances of higher profits and an increase in dividends for shareholders. Additionally, crude prices hit a roadblock and eased off by 0.4% as OPEC members consider ramping up production for the...
10Mar2011 | vitalstocks | 0 comments | Continued(AMP) Stock Market News for March 10, 2011 – Market News
The second anniversary of the market’s Bull Run ended on a weak note as markets pared gains of the earlier trading day and closed marginally lower. The S&P 500 has gained 95.4% since it slid to 676.53 on March 9, 2009. However, continuing unrest in the Persian Gulf and...
10Mar2011 | vitalstocks | 0 comments | Continued(AEO) Company News for March 10, 2011 – Corporate Summary
• Navistar (NYSE:NAV) reported Q1 EPS of $0.16, ex-items, lower than the Zacks Consensus Estimate of $0.20 per share • AeroVironment Inc (NASADQ:AVAV), a company which makes remote controlled planes for the military, reported a 76% rise in its quarterly profit • Retailer...
10Mar2011 | vitalstocks | 0 comments | ContinuedVolatility – Investors Split About Short-Term Outlook for Stocks – AAII Sentiment Survey
Bullish sentiment slipped 0.8 percentage points to 36.0% in the latest AAII Sentiment Survey. Optimism that stock prices will rise over the next six months is at its lowest level since September 2, 2010. The historical average is 39%. Neutral sentiment, expectations that...
10Mar2011 | vitalstocks | 0 comments | Continued(F) U.S. Auto Sales Figures Released
Yesterday, the auto firms released their February sales numbers. The results were very strong, at least relative to the recent trend. The annualized rate was 13.4 million, well above the 12.6 million rate in January, and 27.3% above the year-ago level. The rate is still far below...
9Mar2011 | vitalstocks | 0 comments | Continued(BA) Boeing Inks Agreement For Five 747-8s to Air China
Aerospace and defense giant The Boeing Company (BA) announced that it has inked a deal with Air China to supply five 747-8 Intercontinental jetliners. Air China is the first Chinese carrier to book for the passenger version of the new 747-8 Intercontinental. The combined list...
9Mar2011 | vitalstocks | 0 comments | Continued(BHI) U.S. Oil and Gas Drilling Rig Count Breaks Losing Streak
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...
9Mar2011 | vitalstocks | 0 comments | Continued(STJ) St. Jude Medical Initiates Dividend
Good news for St. Jude Medical’s (STJ) investors as its Board has approved the commencement of a regular quarterly cash dividend. The move is based on the company’s growth prospects, product pipeline, solid balance sheet, healthy free cash flows and earnings power. The Minnesota-based...
8Mar2011 | vitalstocks | 0 comments | Continued(INTC) Intel Acquisition of McAfee is Final
As promised, Intel Corp’s (INTC) acquisition of McAfee Inc was completed in the first quarter, following approval by both the U.S. Federal Trade Commission and the European Union. The FTC had given its approval earlier, but clearance from the EU was received after Intel assured...
8Mar2011 | vitalstocks | 0 comments | Continued(EXM) Excel Maritime Carriers Reports Mixed Fourth Quarter
Yesterday after market close, Excel Maritime Carriers Ltd. (EXM), a global dry bulk carrier, declared mixed financial results for the fourth quarter of 2010. However, in after market trade on NASDAQ, the stock price of Excel Maritime was down 22 cents (4.21%) to $5.0. GAAP net...
8Mar2011 | vitalstocks | 0 comments | Continued(KMP) Kinder Morgan Energy Partners Announces Promising Joint Venture
Kinder Morgan Energy Partners, L.P. (KMP) announced plans to form a joint venture with Oklahoma-based companies Deeprock Energy Resources LLC and Mercuria Energy Trading. In this regard, Kinder Morgan will acquire a 50% stake in a crude oil storage plant for approximately $25...
8Mar2011 | vitalstocks | 0 comments | Continued(MRVL) Marvell Technology Fourth Quarter 2011 Earnings Preview
Marvell Technology Group (MRVL) is scheduled to announce its fourth quarter 2011 results on March 3, 2011, and we see limited revisions in analyst estimates at this point of time. Third Quarter Overview Marvell Technology’s third quarter 2011 revenue grew 19.5% from the year-ago...
8Mar2011 | vitalstocks | 0 comments | Continued(JPM) New Sources of Crude Oil Needed
by Tony D’Altorio, Investment U Research Wednesday, March 2, 2011 Oil prices appear to be following the turmoil in Libya. Increased violence in the North African nation has cut at least half of its daily production of 1.6 million barrels of oil. This comes at an extremely...
8Mar2011 | InvestmentU | 0 comments | Continued(AMAT) Stock Market News for March 8, 2011 – Market News
Markets continued to stay in the red as concerns over oil supplies and mounting unrest in Libya further pushed up crude prices. To add to the woes of investors, the semiconductor index was downgraded which eventually led to technology stocks sliding lower. The fear gauge CBOE...
8Mar2011 | vitalstocks | 0 comments | Continued(AHD) Company News for March 08, 2011 – Corporate Summary
• Ciena Corp. (NASDAQ:CIEN) reported a Q1 loss of $0.14 per share, lower than the Zacks Consensus Estimate of a loss of $0.30 per share • Urban Outfitters (NASDAQ:URBN) reported Q4 EPS of $0.45, lower than the Zacks Consensus Estimate of $0.52 per share. Revenues for the...
8Mar2011 | vitalstocks | 0 comments | Continued(FSLR) Alternative Energy Industry Outlook – March 2011 – Industry Outlook
The growth outlook of alternative energy companies is directly related to the fortunes of the economy and inversely to the prices of petroleum products. Trends on both fronts appear be favoring the alternative energy industry at present. The U.S. economy has shaken off the negative...
8Mar2011 | vitalstocks | 0 comments | Continued(TM) Increase in U.S. Auto Sales A Boon for Banks?
An improving economy and rising consumer confidence continue to fuel recovery in the auto industry. In 2010, U.S. auto sales increased 11.1% from 2009. Also, in February 2010, auto sales climbed 27% with more than 40% growth coming from Toyota Motor Corp. (TM) and General Motors...
8Mar2011 | vitalstocks | 0 comments | Continued(AIG) American International Group – Bull of the Day
We are upgrading our recommendation on the shares of American Int’l Group (AIG) to Outperform based on increased optimism about gaining capital flexibility. While asset disposals and repayment of a chunk of debt increase operating efficiencies, the execution of the recapitalization...
8Mar2011 | vitalstocks | 0 comments | Continued(STRA) Strayer Education – Bear of the Day
Although Strayer Education (STRA) posted better-than-expected fourth-quarter 2010 results, enrollments continue to fall. We observe that the growth in enrollments has decelerated sequentially. After increasing 11% in the third quarter of 2010, the rate of growth in campus-based...
8Mar2011 | vitalstocks | 0 comments | Continued