Archive for April, 2011
(AIG) American International Group International Lease Finance Swaps Notes
American International Group Inc.’s (AIG) jet leasing unit International Lease Finance Corporation (“ILFC”) has planned to swap new debt for old notes. AIG’s subsidiary ILFC has stated that it will exchange up to $2.75 billion in new publicly registered debt for old...
13Apr2011 | vitalstocks | 0 comments | Continued(NFLX) Netflix Enters Multi-year “Mad Men” Streaming Deal with Lions Gate Entertainment
Netflix Inc (NFLX) has entered into a multi-year deal with Lions Gate Entertainment Corp. (LGF) for streaming “Mad Men”. The deal value is estimated between $75 million and $100 million, according to the Wall Street Journal. “Mad Men” is a drama series set in the 1960s....
13Apr2011 | vitalstocks | 0 comments | Continued(NFLX) Netflix Renews Content Deal with Fox
Netflix Inc. (NFLX) announced that it has renewed its multi-year non-exclusive digital distribution agreement with Twentieth Century Fox effective April 1, 2011. The deal enables Netflix to access Fox’s content. As per the renewed agreement, Netflix subscribers will be able...
13Apr2011 | vitalstocks | 0 comments | Continued(AAPL) Apple to Investigate iPad2 Verizon Connection Issue
Apple Inc.(AAPL) was reported to have been receiving complaints that some version of its recently launched iPad 2 was having difficulties in connecting with the Verizon Wireless network, and is thereby investigating the issue. The Verizon Wireless network is a subsidiary of Verizon...
13Apr2011 | vitalstocks | 0 comments | Continued(DFS) Discover Financial Services – Bull of the Day
Discover Financial Services (DFS) first quarter earnings were substantially ahead of the Zacks Consensus Estimate. The growth in the loan loss reserve release as well as gains from the payments business drove the credit card sales volumes. In addition, higher consumer spending...
13Apr2011 | vitalstocks | 0 comments | Continued(KIRK) Kirkland’s Incorporated – Bear of the Day
Kirkland’s, Inc. (KIRK) again reported weak fourth-quarter 2011 results with earnings of $0.70, which was 35.2% below the prior-year quarter. The company’s susceptibility to the global economic downturn, coupled with stiff competition, severely undermines the company’s...
13Apr2011 | vitalstocks | 0 comments | Continued(MNKD) Why Phase II is the Sweet Spot for Biotech Investing
by Marc Lichtenfeld, Investment U’s Healthcare Expert Wednesday, April 13, 2011: Issue #1490 I recently received a call from an investor relations representative who wanted to know if I’d be interested in hearing about a small biotech company with a drug candidate in Phase...
13Apr2011 | InvestmentU | 0 comments | Continued(PTR) China’s Mining Companies Begin Moving Overseas
by Tony D’Altorio, Investment U Research Monday, April 11, 2011 Not long ago, I wrote about how Chinese oil companies like PetroChina (NYSE: PTR) and CNOOC Ltd. (NYSE: CEO) are shifting their focus beyond their own backyard and have begun to expand overseas. Over the past...
12Apr2011 | InvestmentU | 0 comments | Continued(NYX) NYSE Euronext Turns Away NASDAQ OMX Group/IntercontinentalExchange Buyout Offer
In a dramatic turn of events, yesterday NYSE Euronext Inc. (NYX) discarded the proposed takeover bid made by NASDAQ OMX Group Inc. (NDAQ) and IntercontinentalExchange Inc. (ICE), citing multiple concerns. The NYSE management cited that it is not interested in splitting up the...
12Apr2011 | vitalstocks | 0 comments | Continued(ZOLL) ZOLL Medical Ships New AED Plus
Massachusetts-based medical devices maker ZOLL Medical (ZOLL) recently began shipping a new version of its AED Plus devices for treating sudden cardiac arrest (“SCA”). This new version is fully compliant with the new American Heart Association (“AHA”) and European Resuscitation...
12Apr2011 | vitalstocks | 0 comments | Continued(BK) Bank of New York Mellon Analyst Maintains Neutral Rating
We have reaffirmed our long-term “Neutral” recommendation on Bank of New York Mellon Corporation (BK). The company is well positioned to benefit from favorable long-term wealth management trends and a secular growth in global capital markets. Additionally, BNY Mellon’s...
12Apr2011 | vitalstocks | 0 comments | Continued(UNH) UnitedHealth Contests DoD TRICARE West Region Contract
The U.S. Department of Defense (DoD) will invite fresh bids for the TRICARE West Region contract after UnitedHealthcare’s Military & Veterans business raised an objection. UnitedHealth Group Inc. (UNH) will get another chance to win the $17 billion contract to provide...
12Apr2011 | vitalstocks | 0 comments | Continued(USB) U.S.Bancorp 2011 First Quarter Earnings Preview
U.S.Bancorp (USB) is scheduled to report its first quarter 2011 earnings results before market opens on April 19. The Zacks Consensus Estimate for the first quarter is earnings of 49 cents per share, up from 34 cents earned in the year-earlier quarter. For full year 2011, the...
12Apr2011 | vitalstocks | 0 comments | Continued(FAST) Fastenal 2011 First Quarter Earnings Preview
Fastenal Co. (FAST) announced that it would release its results for the first quarter of fiscal 2011 before the market opens on April 12, 2011. Winona-based Fastenal earned a profit of 44 cents in the fourth quarter, marginally behind the Zacks Consensus Estimate of 45 cents. In...
12Apr2011 | vitalstocks | 0 comments | Continued(TM) Toyota Motor Suspends North American Production in Wake of Japanese Tsunami
Toyota Motor Corp. (TM) revealed that it will undertake one-day production shutdowns at all its plants in North America, except Georgetown, Kentucky, due to the earthquake and tsunami in Japan on March 11 that damaged many parts supplying companies’ plants, leading to a shortage...
12Apr2011 | vitalstocks | 0 comments | Continued(CSX) CSX Analyst Maintains Neutral Rating on Shares
We are currently maintaining our long-term Neutral rating on CSX Corporation (CSX), supported by a Zacks #3 Rank (Hold) based on solid growth across all segments, strong cost-control measures and improvements in operating ratio. However, stiff competition, increased railroad...
12Apr2011 | vitalstocks | 0 comments | Continued(SNY) Sanofi-Aventis Acquires Genzyme – Acquisition to Create New Source of Growth at Sanofi
Sanofi-Aventis (SNY) recently completed its acquisition of biotech company Genzyme Corporation. With the completion of the acquisition, Genzyme, now a wholly-owned subsidiary of Sanofi, will be Sanofi’s global center for excellence in rare diseases. Sanofi said that 237,312,826...
12Apr2011 | vitalstocks | 0 comments | Continued(BIOS) BioScrip Pharmacy Accredited
BioScrip Inc. (BIOS), a health care-related company recently received accreditation for its specialty pharmacy and mail service pharmacy from Utilization Review Accreditation Commission (URAC), a Washington-based health care accrediting organization that establishes quality standards...
12Apr2011 | vitalstocks | 0 comments | Continued(BMC) BMC Rolls Out Management Systems
After securing an information and communication deal with Australia’s Monash University, BMC Inc. (BMC) is all set to roll out new product offerings to entice new customers. BMC’s latest offering is the DB2 database management systems. This automation system will help companies...
12Apr2011 | vitalstocks | 0 comments | Continued(APH) Amphenol Analyst Reiterates Neutral Rating on Shares
We recently reiterated our Neutral recommendation on Amphenol Corporation (APH). Amphenol’s top-line growth is benefiting from improved end-market demand, new product rollouts and market share gains. Amphenol is encouraged by a significant improvement in global demand over...
12Apr2011 | vitalstocks | 0 comments | Continued(EK) Eastman Kodak Sells Microfilm Division
Eastman Kodak Company (EK) recently sold its microfilm products and equipment business to Eastman Park Micrographics Inc. The financial terms of the deal were not disclosed. As per the agreement, the company will continue supplying current microfilms, service and support for...
12Apr2011 | vitalstocks | 0 comments | Continued(NVTL) Novatel Wireless Analyst Upgrades Shares to Neutral
We are currently upgrading our recommendation on Novatel Wireless Inc. (NVTL) to Neutral based on its current valuation. The stock price has declined sharply by more than 56% in the last year and currently trading at the low-end of its 52-week price range. We believe this low...
12Apr2011 | vitalstocks | 0 comments | Continued(ENDP) Endo Pharmaceuticals Holdings to Take Over American Medical Systems
In a bid to diversify its business and bolster its urology portfolio, Endo Pharmaceuticals Holdings Inc. (ENDP), a US-based specialty healthcare solutions company which develops branded products and specialty generics, will purchase American Medical Systems (AMMD), a leading...
12Apr2011 | vitalstocks | 0 comments | Continued(LMT) Lockheed Martin Gets Missile Contract
Lockheed Martin Corporation (LMT) announced that the U.S. Missile Defense Agency has awarded it a $43.3 million contract for concept definition and program planning for the Standard Missile-3 Block IIB (SM-3 IIB). The Standard Missile 3 is a ship-based missile system used by...
12Apr2011 | vitalstocks | 0 comments | Continued(CHKP) Check Point Software Technologies 2011 First Quarter Earnings Preview
Check Point Software Technologies (CHKP) is scheduled to announce its first quarter 2011 results on April 14, 2011, before market opens and we see limited revisions in analyst estimates at this point. Fourth Quarter Overview Check Point’s fourth quarter revenue increased 17.1%...
12Apr2011 | vitalstocks | 0 comments | Continued(UNP) U.S. Trade Deficit Down Slightly
The Trade Deficit fell in February to $45.76 billion from $46.99 billion in January (revised up from $46.34 billion). The fall in the trade deficit is good news for the economy, but the level is still very dangerous. For the month is was down 2.6%, and it was in line with the...
12Apr2011 | vitalstocks | 0 comments | Continued(HAR) Harman International Industries Unveils New JBL Speakers
A developer of audio products and electronic systems, Harman International Industries Inc. (HAR) recently launched its new JBL Cinema 300 and Cinema 500 speaker systems. JBL Cinema 300 and 500 are 5.1 home theatre systems ideal for watching movies at home. JBL Cinema 300 and...
12Apr2011 | vitalstocks | 0 comments | Continued(VZ) Verizon Communications Closes Terremark Worldwide Acquisition
Verizon Communications (VZ) has completed its pending $1.4 billion acquisition of Terremark Worldwide Inc. (TMRK), an information technology (IT) service company. The acquisition gives the second largest U.S. phone company a 96.6% stake in Terremark. It also makes Verizon a cloud...
12Apr2011 | vitalstocks | 0 comments | Continued(CVX) Chevron Releases 2011 First Quarter Interim Update
U.S. energy behemoth Chevron Corp. (CVX) released its first-quarter 2011 interim update, covering the first 2 months of the quarter. On the whole, the update is moderately bullish, with earnings expected to be higher than the previous quarter. The company expects results for...
12Apr2011 | vitalstocks | 0 comments | Continued(F) Ford Motors Fears Production Halt
Ford Motor Co. (F) alerted that it may have to suspend or slow down production at its plants in Asia-Pacific due to a shortage in supply of parts following the earthquake and tsunami in Japan on March 11 that killed many people, broke down infrastructure and triggered a nuclear...
12Apr2011 | vitalstocks | 0 comments | Continued