Archive for April, 2011
(PCLN) Priceline.com – Revenue For The Period was Up 35% From Last Year
Priceline.com Inc. (PCLN) is trading like a rocket, currently going ballistic for a new all-time high above $500. As one of the biggest gainers over the last few years, this Zacks #1 rank stock is a momentum powerhouse. Company Description Priceline.com operates as an online...
11Apr2011 | vitalstocks | 0 comments | Continued(S) Sprint-Nextel Extends $1.2 Billion Contract
Sprint Nextel Corp. (S), the third-largest U.S. wireless carrier, extended its $1.2 billion three-year health care purchasing contract with VHA Inc. Sprint has been providing wireless and wireline services to VHA for more than 14 years. The contract win will serve as a major...
10Apr2011 | vitalstocks | 0 comments | Continued(SLB) Schlumberger Limited Analyst Maintains Neutral Rating on Shares
We are maintaining our Neutral recommendation on Schlumberger Limited (SLB). We prefer to remain on the sidelines mainly due to the anticipated short-term profit disruption from the political turbulence in the Middle East and Africa and weather-related hindrances in Australia. In...
10Apr2011 | vitalstocks | 0 comments | Continued(LMT) Lockheed Martin Awarded $5.4 Million Navy Contract
Lockheed Martin Corporation (LMT) has received a $5.4 million contract from the U.S. Navy to design and deliver second-generation anti-submarine training targets. The targets, known as MK39 Expendable Mobile Anti-submarine Warfare Training Targets, or EMATTs, are used by air...
10Apr2011 | vitalstocks | 0 comments | Continued(KGC) Kinross Gold Announces Investment in Ecuador Mine
Canadian Mining company Kinross Gold Corporation (KGC) plans to invest $1.1 billion in its Fruita Del Norte project in Ecuador until 2016. The Fruita Del Norte Project is likely to produce 410,000 gold equivalent ounces on an average each year during its life. The life expectancy...
10Apr2011 | vitalstocks | 0 comments | Continued(XEL) Xcel Energy Does Wildlife A Favor
Electricity and natural gas company Xcel Energy Inc. (XEL) has decided to discontinue its 150 megawatt (MW) Merricourt wind farm project in southeastern North Dakota as it could endanger certain species of birds. The project was scheduled to come in to operation by the end of...
10Apr2011 | vitalstocks | 0 comments | Continued(RAD) Rite Aid Fourth Quarter 2011 Earnings Preview
Rite Aid Corporation (RAD), the third largest retail drugstore in the U.S. based on revenues and number of stores, is scheduled to report its fourth-quarter 2011 financial results before the opening bell on April 07, 2011. The current Zacks Consensus Estimates for the quarter...
10Apr2011 | vitalstocks | 0 comments | Continued(FDO) Family Dollar Stores Second Quarter 2011 Earnings Scorecard
Family Dollar Stores Inc. (FDO), the operator of self-service retail discount store chains, recently posted second-quarter 2011 results. Street analysts had nearly a week to ponder on the news. In the subsequent paragraphs, we will cover the recent earnings announcement, subsequent...
10Apr2011 | vitalstocks | 0 comments | Continued(WMT) Walmart Announces Plans to Expand in China
Walmart Stores Inc. (WMT) plans to buy more floor space in China as it moves to expand operations in the country. Company officials revealed that the retail giant aims to open Sam’s Clubs in 17 Chinese provinces over the next five years. Sam’s Club is a chain of membership-only...
10Apr2011 | vitalstocks | 0 comments | Continued(STI) SunTrust Announces Full TARP Repayment
SunTrust Banks Inc. (STI) said on Wednesday that it has repaid the entire $4.85 billion in bailout money it had received from the government for its participation in the Troubled Asset Relief Program (TARP). SunTrust financed its TARP repayment primarily through proceeds from...
10Apr2011 | vitalstocks | 0 comments | Continued(ALNY) Alnylam Pharmaceuticals Signs IP Deal with NYU
Alnylam Pharmaceuticals Inc. (ALNY) recently announced that it has received an exclusive license from the New York University (NYU) for intellectual property covering therapeutic uses of miR-33a and miR-33b to treat diseases such as atherosclerosis and metabolic syndrome. The...
10Apr2011 | vitalstocks | 0 comments | Continued(TDS) Telephone and Data Systems Analyst Reaffirmes Shares at Neutral
We are currently maintaining our long-term Neutral rating on Telephone and Data Systems Inc. (TDS). The stock retains a Zacks # 3 Rank, implying a short-term Hold rating. Telephone and Data Systems is pursuing several initiatives to reinvigorate growth in both the wireless...
10Apr2011 | vitalstocks | 0 comments | Continued(DNDN) Dendreon Learns Medicare May Pay for Provenge Prostate Cancer Vaccine
Dendreon Corporation (DNDN) received a huge boost today when the Centers for Medicare and Medicaid Services (CMS) proposed to pay for its lead prostate cancer vaccine Provenge. Provenge was approved in the US in April last year and is marketed since May 2010. It is currently...
10Apr2011 | vitalstocks | 0 comments | Continued(TRW) TRW Automotive Holdings Gears Up with New Brake
TRW Automotive Holdings Corp. (TRW) introduced its upgraded Electric Park Brake (EPB) system for front axles of a wide range of vehicles. The new development will enable users to enjoy a wide range of safety benefits and improve performance of the braking system in case of acute...
10Apr2011 | vitalstocks | 0 comments | Continued(ANGO) AngioDynamics Unveils New DuraMax Catheter
Therapeutic and diagnostic devices maker AngioDynamics (ANGO) has unveiled its new DuraMax stepped-tip chronic dialysis catheter in the U.S. The Queensbury, New York-based company has also launched the DuraMaxVP (VascPak) component kit designed for outpatient vascular access...
10Apr2011 | vitalstocks | 0 comments | Continued(FRG) Newmont Mining Buyout of Fronteer Gold Gets Fronteer Shareholder Approval
Shareholders of Vancouver-based Fronteer Gold Inc. (FRG) have approved the proposed buyout by Newmont Mining Corporation (NEM); casting 99.7% votes in favor of the deal. The consideration of the deal is in cash and stock, valued at $2.3 billion and is expected to close by April...
10Apr2011 | vitalstocks | 0 comments | Continued(F) Ford Motor Posts 20% Rise in China Sales
Ford Motor Co. (F) posted a 20% rise in sales to 53,440 vehicles in China during March. The company’s joint venture partner in China, Chongqing Changan Automobile delivered 42,157 vehicles during the month. This has brought the total sales to 140,566 vehicles for the first...
10Apr2011 | vitalstocks | 0 comments | Continued(DELL) DELL to Enrich Cloud Services
Dell Inc. (DELL) has long been working to go beyond its traditional PC and server business into the higher-end data storage market. Dell is now planning to spend a handsome $1.0 billion to build its cloud computing business. Dell expects to open 12 data centers by the end of...
10Apr2011 | vitalstocks | 0 comments | Continued(KBH) Homes Crumble – Mortgage Applications Fall as Rates Rise
The rising mortgage rates in the U.S. have pulled down the total mortgage applications in the country, thereby discouraging home buyers. The 30-year fixed mortgage rate increased slightly to 4.93% from 4.92% in the last week, leading to a 2% drop in mortgage application on a...
10Apr2011 | vitalstocks | 0 comments | Continued(TU) Telus Announces Planned Launch of 4G LTE
The second-largest Canadian telecommunication company Telus Corporation (TU) plans to launch the fourth generation (4G) Long-Term Evolution (LTE) technology in early 2012 following the advancements in its 3G wireless network. It will provide higher Internet speeds relative to...
10Apr2011 | vitalstocks | 0 comments | Continued(TM) Microsoft and Toyota Motor Sign Deal for Telematics System
Toyota Motor Corp. (TM) struck a deal with Microsoft Corp. (MSFT), in which the latter will help building the automaker’s next generation in-car technology. The partnership deal will enable Toyota to deploy its telematics system, powered by Microsoft’s Windows Azure and ultimately...
10Apr2011 | vitalstocks | 0 comments | Continued(ERTS) Electronic Arts Releaes Tiger Woods PGA TOUR 12 Game
Video game developer and publisher, Electronic Arts Inc. (ERTS) released its Tiger Woods PGA TOUR 12: The Masters in North America. The game is available in stores for a retail price of $59.99 on Microsoft Corp.’s (MSFT) Xbox 360 and Sony Corp.’s (SNE) PlayStation 3. The...
10Apr2011 | vitalstocks | 0 comments | Continued(EW) Edwards Lifesciences’ Sapien Transcatheter Heart Valve on Way to Success
Recently, Edwards Lifesciences (EW) presented positive data for its Cohort A of the PARTNER trial at the American College of Cardiology annual conference in New Orleans. The PARTNER trial is evaluating Edwards’ Sapien transcatheter heart valve (THV) in both operable (Cohort...
9Apr2011 | vitalstocks | 0 comments | Continued(ENZN) Enzon Pharmaceuticals Analyst Holds Shares at Neutral
We have maintained our Neutral recommendation on Enzon Pharmaceuticals, Inc. (ENZN) with a target price of $12.00 after announcement of fourth quarter and full year 2010 results. Enzon Pharmaceuticals’ fourth quarter 2010 net loss of 14 cents per share (excluding special items)...
9Apr2011 | vitalstocks | 0 comments | Continued(ISIS) Isis Pharmaceuticals Analyst Retains Neutral on Shares
We recently reiterated a Neutral recommendation (Zacks #3 Rank – short-term “Hold” rating) on Isis Pharmaceuticals (ISIS). Isis Pharma is a drug discovery and development company that focuses on the development of products using ribonucleic acid (RNA)-based technologies,...
9Apr2011 | vitalstocks | 0 comments | Continued(GME) GameStop Analyst Maintains Neutral on Shares
GameStop Corporation (GME) is well positioned to take advantage of the growing market for video game products and PC entertainment software. The company’s strategy is to grow through store expansions in favorable localities, by providing the largest title collection of video...
9Apr2011 | vitalstocks | 0 comments | Continued(NBL) Noble Energy Halts Drilling at Leviathan
Noble Energy Inc. (NBL) said it has temporarily stopped drilling at its Leviathan #1 location, offshore Israel, due to a wear on the wellbore casing. Noble said the oil drilling at the well will be suspended until it secures the required material and equipment to complete the...
9Apr2011 | vitalstocks | 0 comments | Continued(DRYS) DryShips Issues $500 Million in Senior Notes
A global shipping company that specializes in carrying dry bulk commodities and drilling rigs, DryShips Inc. (DRYS) recently announced the issuance of senior notes worth $500 million through private placement. These senior notes have been registered under the Norwegian Securities...
9Apr2011 | vitalstocks | 0 comments | Continued(S) Sprint-Nextel Hires Joseph J. Euteneuer as its Chief Financial Officer
Sprint Nextel Corp. (S) announced the joining of Joseph J. Euteneuer as its Chief Financial Officer (CFO). Euteneuer replaces Bob Brust who is retiring from Sprint. Before joining Sprint, Euteneuer was the financial chief at Qwest Communication, which was acquired by CenturyLink...
9Apr2011 | vitalstocks | 0 comments | Continued(SBS) Companhia de Saneamento Basico do Estado de São Paulo Downgraded to Neutral
We recently downgraded our rating for Companhia de Saneamento Basico do Estado de São Paulo, or SABESP (SBS) from Outperform to Neutral. The company is a public water and sewage services provider in the State of São Paulo, Brazil. As of fiscal year 2010, the company distributed...
9Apr2011 | vitalstocks | 0 comments | Continued