Archive for April, 2011
(JNJ) Bayer Presents Xarelto Blood Thinner Data
Recently, Germany’s Bayer (BAYRY) presented mixed data regarding its blood thinner Xarelto (rivaroxaban) for preventing venous thromboembolism (VTE) in hospitalized ill patients. Data from the late-stage study (MAGELLAN: n= 8,101) were presented by Bayer at the annual meeting...
7Apr2011 | vitalstocks | 0 comments | Continued(MTH) Meritage Homes Corporation Expands in Raleigh-Durham
Meritage Homes Corporation (MTH) wants to expand in the Raleigh-Durham market of North Carolina, so it recently purchased 46 one-acre home sites at the Inwood Forest community in south Raleigh The Raleigh-Cary and Durham-Chapel markets have been named the No. 1 and No. 3 healthiest...
7Apr2011 | vitalstocks | 0 comments | Continued(F) Ford Motor Company Plans Expansion in Turkey
Ford Motor Co. (F) and Koç Holding, its Turkish joint venture partner, announced an investment of €205 million ($290 million) at its Kocaeli plant in northwestern Turkey through their joint venture, Ford Otomotiv Sanayi AS or Ford Otosan. The investment will help the joint...
7Apr2011 | vitalstocks | 0 comments | Continued(TJX) TJX Companies Increases Quarterly Dividend by 27%
TJX Companies Inc. (TJX) raised its quarterly dividend by 27%. The company’s Board approved a hike in the quarterly dividend to 19 cents per share to be paid on June 2, 2011 to stockholders of record on May 12, 2011. The increased dividend reflects the company’s sound financial...
7Apr2011 | vitalstocks | 0 comments | Continued(VOLC) Volcano’s Guide Wire Goes to Japan
Recently, Volcano Corporation (VOLC) received clearance for its PrimeWire Prestige pressure guide wire in Japan. The company is targeting a full market release of the product in Japan in the second quarter of 2011. PrimeWire Prestige, already available in the US and Europe, has...
7Apr2011 | vitalstocks | 0 comments | Continued(DMND) Diamond Foods Foods to Buy Pringles Brand From The Procter & Gamble Company
Diamond Foods Foods, Inc. (DMND) and The Procter & Gamble Company (PG) signed a definitive agreement whereby Diamond Foods will acquire the Pringles chips business in a transaction worth $2.35 billion. Pringles is expected to be accretive to earnings immediately and is expected...
7Apr2011 | vitalstocks | 0 comments | Continued(IART) Integra Lifesciences to Expand with Novation Healthcare Supply Company
Recently, Integra Lifesciences (IART) entered into a three-year deal with Novation, a healthcare supply contracting company. As per the deal, Novation selected Integra to supply its Jarit sterilization containers to the members of VHA Inc., University HealthSystem Consortium...
7Apr2011 | vitalstocks | 0 comments | Continued(BMC) BMC Software Signs Deal with Monash University
BMC Software (BMC) recently signed a deal with Australia’s Monash University, where BMC will initiate a major information and communication technology (ICT) shared-service and provide improved service support. The traditional faculty and school-driven heritage of universities...
7Apr2011 | vitalstocks | 0 comments | Continued(KND) Kindred Healthcare Incorporated – To Acquire RehabCare Group
ith the baby boomers aging, post-acute and long-term care demand is growing. Kindred Healthcare, Inc. (KND) has been growing through acquisition. This Zacks #1 Rank (strong buy) is expected to grow earnings by the double digits in both 2011 and 2012. Kindred Healthcare provides...
7Apr2011 | vitalstocks | 0 comments | Continued(GMCR) Green Mountain Coffee Roasters – Starbucks Deal Sends Shares Soaring
Green Mountain Coffee Roasters, Inc. (GMCR) is a momentum high flyer, recently spiking to a new all-time high on news of a fresh deal with Starbucks. With estimates on the rise and a bullish growth projection, this Zacks #1 rank stock will perk up your momentum portfolio. Company...
7Apr2011 | vitalstocks | 0 comments | Continued(JPM) JPMorgan Chase to Expand in California
On Monday, JPMorgan Chase & Co. (JPM) announced its plans to open 100 new banking branches in California by the end of this year. This is part of the company’s expansion plan in California that it had announced in its Investors’ Day presentation in February, where the...
7Apr2011 | vitalstocks | 0 comments | Continued(DLLR) Dollar Financial Commences Stock Offering
In order to help fund its acquisition of Purpose U.K. Holdings Limited in the U.K., Dollar Financial Corporation (DLLR) plans to underwrite a public offering of 5 million shares of its common stock, subject to market conditions. According to the Securities and Exchange Commission,...
7Apr2011 | vitalstocks | 0 comments | Continued(MERC) ValuEngine Long Portfolio Doubles the SP500 since Re-Balance
Mercer International Inc (MERC). owns and operates a diverse pulp and paper business in the southern German states of Saxony and Thuringia, in the former East Germany. The Company operates it’s pulp business primarily through its subsidiaries, Spezialpapierfabrik Blankenstein...
7Apr2011 | valuengine | 0 comments | Continued(TSO) Tesoro Corporation – Bull of the Day
Supported by continued favorable trends in the refining industry, along with its initiatives to improve reliability and reduce operating costs, we are maintaining our Outperform recommendation on Tesoro Corp. (TSO) shares. We are optimistic about the sector given the improvement...
7Apr2011 | vitalstocks | 0 comments | Continued(GE) Is GE Paying Too Much for Growth?
by Tony D’Altorio, Investment U Research Wednesday, April 6, 2011 Few companies can claim the same industrial pedigree as General Electric (NYSE: GE). With an ancestry that goes back to Thomas Edison, it’s the longest-standing member of the Dow Jones Industrial Index. Spread...
7Apr2011 | InvestmentU | 0 comments | Continued(QCOM) Qualcomm Analyst Downgrades Shares to Neutral on Current Valuation
We are downgrading our recommendation on Qualcomm Inc. (QCOM) to Neutral based on its current valuation. The stock price has moved up by nearly 68% in the last year. Qualcomm continues to perform exceptionally well primarily due to significant surge in demand for 3G smartphones....
7Apr2011 | vitalstocks | 0 comments | Continued(GG) Goldcorp Corporation Announces Expansion Plans for Cerro Gold Deposit
Goldcorp Corp. (GG) announced expansion plans for the Cerro Negro epithermal gold deposit, acquired from Andean Resources in December 2010. The project is located in the southern Argentinean province of Santa Cruz at an elevation of approximately 600 meters above sea level. In...
7Apr2011 | vitalstocks | 0 comments | Continued(ERTS) Electronic Arts Launches Digital NBA Game
Video game developer and publisher, Electronic Arts Inc. (ERTS) announced that a new digital version of NBA JAM will be available for download from October, 2011. The new NBA JAM: On Fire Edition will be compatible with Sony Corp.’s (SNE) PlayStation 3 and Microsoft Corp.’s...
7Apr2011 | vitalstocks | 0 comments | Continued(CPB) Campbell Soup Analyst Downgrades Shares to Underperform
We have downgraded our rating from ‘Neutral’ to ‘Underperform’ on Campbell Soup Co. (CPB) as the company recorded yet another weak operating performance in the second quarter of 2011. The company’s earnings per share inched down 4% to 71 cents per share from...
7Apr2011 | vitalstocks | 0 comments | Continued(JPM) Will Big Banks Report a Gloomy First Quarter?
The first quarter earnings season is knocking at the door, and we foresee the big banks reporting a slump. Results for the banks might be significantly marred by weak trading and investment banking performances. Though the expectations are at the bear run, we will have to wait...
7Apr2011 | vitalstocks | 0 comments | Continued(AAPL) Apple Loses Weighting in NASDAQ 100 Rebalance
Apple Inc(AAPL) was attributed a lower weight in the tech-heavy Nasdaq 100 due to the rebalancing of the index by the Nasdaq OMX Group that is responsible for maintaining the Nasdaq index, effective May 2, 2011. Apple currently represents about 20.49% of the total index weight...
7Apr2011 | vitalstocks | 0 comments | Continued(OPTR) Optimer Pharmaceuticals Earns FDA Panel Nod on Dificid Drug
Optimer Pharmaceuticals Inc. (OPTR) received a major boost when an advisory panel of the US Food and Drug Administration (FDA) unanimously recommended approval of its lead pipeline candidate, Dificid (fidaxomicin), for the treatment of Clostridium difficile infection (CDI) and...
7Apr2011 | vitalstocks | 0 comments | Continued(SBUX) Starbucks To Rule Indian Market
Starbucks Corp. (SBUX) looks to establishing a strong foothold in India with Tata Coffee Ltd, Asia’s largest publicly traded coffee grower. Seattle based Starbucks announced on March 31, 2011 that it is turning the partnership with Tata Coffee for sourcing and roasting premium...
7Apr2011 | vitalstocks | 0 comments | Continued(MCO) Moody’s Investor’s Service May Downgrade Toyota Motor Shares
Moody’s Investors Service, the credit rating agency operated by Moody’s Corp. (MCO), warned that it may downgrade its credit rating for Toyota Motor Corp. (TM) on the backdrop of earthquake and tsunami in Japan on March 2011 that will adversely affect the financial...
7Apr2011 | vitalstocks | 0 comments | Continued(VVUS) Vivus’ Qnexa Weight Loss Candidate Reports Encouraging Study Data
Vivus, Inc. (VVUS) recently reported positive data from the SEQUEL study on its weight loss candidate, Qnexa. The 52-week SEQUEL study included 675 obese/overweight patients, who had two or more weight-related co-morbidities and an average baseline body mass index (BMI) of 36.1....
7Apr2011 | vitalstocks | 0 comments | Continued(WU) Western Union Announces Executive Changes
Western Union Co. (WU) announced further changes at its executive levels earlier this week. The changes include Stewart Stockdale being appointed as the Executive Vice President (EVP) and President of Global Consumer Financial Services; David Yates as the EVP and President for...
7Apr2011 | vitalstocks | 0 comments | Continued(AMSC) American Superconductor Corporation Analyst Downgrades Shares to Underperform
We downgrade our recommendation for American Superconductor Corporation (AMSC) from Neutral to Underperform. Our downgrade is inspired by the refusal of its largest customer – Sinovel Wind Group Co. Ltd to accept further shipments. Sinovel is China’s largest and the...
7Apr2011 | vitalstocks | 0 comments | Continued(CSC) Computer Sciences Corporation Secures Insurance Contract
Computer Sciences Corporation (CSC) recently announced that the Hastings Mutual Insurance Company has selected the updated version of CSC’s Insurance Industry Data Model – Hastings, Mich. 3.0, which unifies multiple sources of data into a complete logical representation...
7Apr2011 | vitalstocks | 0 comments | Continued(A) Agilent Technologies – Bull of the Day
Agilent Technologies (A) is a broad-based OEM of test and measurement equipment. The company’s January quarter earnings beat the Zacks Consensus Estimate, helped by revenue growth, operating margin expansion and a lower tax rate. Agilent’s leadership position, history...
7Apr2011 | vitalstocks | 0 comments | Continued(AMSG) AmSurg Corporation – Bear of the Day
AmSurg Corp’s (AMSG) fourth quarter EPS of $0.43 surpassed the Zacks Consensus Estimate by a penny and $0.41 in the year-ago period. The company is witnessing several challenges in the near-term, which are reflected in the 2011 outlook. Moreover, the prevailing economic...
7Apr2011 | vitalstocks | 0 comments | Continued