Archive for April, 2011
(CPB) Campbell Soup Company – Bear of the Day
Campbell Soup Co. (CPB) posted second-quarter 2011 earnings of $0.71 that remained in line with the Zacks Consensus Estimate but declined 4% from the prior-year period. Due to sluggish demand in the U.S., the sales of U.S. Soup, Sauces and Beverages division and North America...
7Apr2011 | vitalstocks | 0 comments | Continued(KEY) KeyCorp Repays Troubled Asset Relief Program Funds
KeyCorp (KEY) became one of the latest three banks to repay its bailout money. The company has fully repaid its $2.5 billion in outstanding Troubled Asset Relief Program (TARP) funds on Wednesday. KeyCorp’s repayment was financed by proceeds from the recent $625 million common...
6Apr2011 | vitalstocks | 0 comments | Continued(AAPL) Apple to See Increased Competition
Apple Inc. (AAPL) will face rising competition in the smartphone market, not only from Google Inc.’s (GOOG) Android-based phones, but also from Microsoft Corp.’s (MSFT) Windows Phone 7, according to research firm IDC. Android-based phones are forecasted to capture 45.4% of...
6Apr2011 | vitalstocks | 0 comments | Continued(ADI) Company News for April 06, 2011 – Corporate Summary
• Expedia, Inc. (NASDAQ:EXPE) and American Airlines (NYSE:AMR) have reached an agreement regarding fees and how travel information should be delivered on its website • Abercrombie & Fitch Co. (NYSE:ANF) rocketed 10.82% to close at $65.57 after the company hosted its...
6Apr2011 | vitalstocks | 0 comments | Continued(AAPL) Stock Market News for April 6, 2011 – Market News
On Tuesday, markets dropped a few points to end almost flat as the trend of lackluster trading continued, displaying the lack of conviction among investors. Minutes of the Federal Open Market Committee’s meeting affirmed its plan to continue the economic stimulus program but...
6Apr2011 | vitalstocks | 0 comments | Continued(C) Citigroup Sells $750 Million 3-Year Senior Notes
Following last week’s declaration of reverse stock split and dividend payment reinstatement, Citigroup Inc. (C) sold 3-year senior notes worth $750 million on Tuesday, according to Thomson Reuters. Citigroup sold the 3-year floating rate issue worth $750 million at a coupon...
5Apr2011 | vitalstocks | 0 comments | Continued(LMT) Lockheed Martin Wins Canadian Contract
Lockheed Martin Corp. (LMT) has won a five-year C$22.3 million contract from the Canadian Army. The contract comprises providing support services for Lockheed’s live-fire, battle field training systems that prepare soldiers for future combat missions. The Lockheed Martin Direct...
5Apr2011 | vitalstocks | 0 comments | Continued(MCO) Moody’s Ups MoneyGram Debt Rating
The rating agency, Moody’s Investors Services, a unit of Moody’s Corporation (MCO), provided debt ratings to MoneyGram International Inc. (MGI) and upgraded its outlook. Moody’s assigned new debt ratings of Ba1 and CFR of B1. In addition, Moody’s raised its debt outlook...
5Apr2011 | vitalstocks | 0 comments | Continued(ACGL) Company News for April 05, 2011 – Corporate Summary
• According to a report, Vodafone Group PLC (NASDAQ:VOD) is selling its 44% stake in French mobile phone company SFR to Vivendi in a deal worth about $11.3 billion • Shares of Pfizer (NYSE:PFE) gained 0.79% to close at $20.54 after the company agreed to sell its Capsugel...
5Apr2011 | vitalstocks | 0 comments | Continued(AAPL) Stock Market News for April 5, 2011 – Market News
On Monday, Dow moved up to its highest point since June 5, 2008 and the markets ended with negligible gains, continuing the trend of tight volumes. Oil prices sky-rocketed to post a 30-month high and tech stocks weighed heavy on the broader markets. The Dow Jones Industrial Average...
5Apr2011 | vitalstocks | 0 comments | Continued(LLY) Eli Lilly’s Axiron Testosterone Deficiency Drug Launched in the U.S.
Eli Lilly and Company (LLY) recently announced the availability of Axiron in pharmacies across the US. Axiron gained approval from the US Food and Drug Administration (FDA) in November 2010 for use as a replacement therapy in men for certain conditions associated with testosterone...
5Apr2011 | vitalstocks | 0 comments | Continued(TWC) Telecommunications Advances Draw Lawyers
The significant growth of telecommunications technologies has converted the field into a happy hunting ground for legal professionals. We have already seen how frequently mobile devices developers and network infrastructure solutions providers are suing each other for patent...
5Apr2011 | vitalstocks | 0 comments | Continued(BHI) U.S. Oil Drilling Rig Count Jumps
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 tally of land rigs. The Baker Hughes rig count, issued...
5Apr2011 | vitalstocks | 0 comments | Continued(DVR) TiVo Reports Database Compromise
A developer of advanced television services including digital video recorders (DVR), TiVo Inc. (TIVO), announced that its third-party marketing vendor, Epsilon has been impacted by a massive security breach. TiVo has warned its customers not to provide any personal information...
5Apr2011 | 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...
5Apr2011 | vitalstocks | 0 comments | Continued(UTI) Universal Tech Institute – Bear of the Day
Universal Technical Institute’s (UTI) average enrollment rose 8.5% but dropped 690 basis points sequentially. The rate of fall in the new enrollments accelerated to 13% during the most recent quarter, following a decline of 5% in fourth-quarter 2010. Management warned that...
5Apr2011 | vitalstocks | 0 comments | Continued(NOC) Northrop Grumman Earns Navy Contract
AMSEC LLC, a subsidiary of Northrop Grumman Corporation (NOC), received an indefinite delivery, indefinite quantity, cost plus fixed fee contract from the U.S. Navy for marine design and engineering services. The contract is in support of Puget Sound and Pearl Harbor Naval Shipyards...
5Apr2011 | vitalstocks | 0 comments | Continued(ATK) Alliant Techsystems Awarded $65.8 Million Army Contract
Defense and aerospace supplier Alliant Techsystems Inc. (ATK) has been awarded an engineering and manufacturing contract to develop a precision grenade launcher called the XM25 Individual Semi-Automatic Airburst System. The contract, awarded by the U.S. Army’s Program Executive...
4Apr2011 | vitalstocks | 0 comments | Continued(EW) Edwards Lifesciences to Present PARTNER Data
Edwards Lifesciences (EW), will present data from the Cohort A of the PARTNER trial at the American College of Cardiology annual conference in New Orleans in early April. The PARTNER trial is evaluating Edwards’ Sapien transcatheter heart valve (THV) in both operable (Cohort...
4Apr2011 | vitalstocks | 0 comments | Continued(ATVI) Activision Releases NASCAR 2011
A leading developer, publisher and distributor of interactive entertainment and leisure products, Activision Blizzard Inc. (ATVI) announced the release of NASCAR The Game 2011. The game is currently available on Microsoft Corp.’s (MSFT) Xbox 360 video game and entertainment...
4Apr2011 | vitalstocks | 0 comments | Continued(AGN) Company News for April 04, 2011 – Corporate Summary
• The Nasdaq OMX Group (NASDAQ:NDAQ) and the IntercontinentalExchange (NYSE:ICE) announced a joint proposal to acquire NYSE Euronext (NYSE:NYX) for $42.50 per share in cash and stock, or approximately $11.3 billion, based on the closing prices of the respective stocks as of...
4Apr2011 | vitalstocks | 0 comments | Continued(ADP) Stock Market News for April 4, 2011 – Market News
The unemployment rate declined to 8.8%, the lowest level in two years, according to a report by the Labor Department, painting a rosy picture of the economic recovery. Markets were also guided higher as Fed officials stated they would stick to their plans of providing economic...
4Apr2011 | vitalstocks | 0 comments | Continued(HAR) Harman International Industries Releases JBL OnBeat Docking Station
Harman International Industries Inc. (HAR), a developer of audio products and electronic systems, released its new JBL OnBeat loudspeaker docking station. The speaker system is compatible with Apple Inc. (AAPL) devices such as iPhone, iPod, iPad and also iPad 2. From April, the...
4Apr2011 | vitalstocks | 0 comments | Continued(SHO) Sunstone Hotel Investors Invests in San Diego
Sunstone Hotel Investors Inc. (SHO) acquired a 75.0% interest for $475.0 million in a joint venture that owns Hilton San Diego Bay front hotel in San Diego. Hilton Worldwide will remain as the 25.0% minority partner and continue with the managerial operations of the 1190- room...
4Apr2011 | vitalstocks | 0 comments | Continued(AMGN) Amgen Appeals EU Drug Opinion
Amgen (AMGN) is appealing the negative recommendation issued by the Committee for Medicinal Products for Human Use (CHMP) for the use of Vectibix plus chemotherapy in patients with wild-type KRAS metastatic colorectal cancer (mCRC). The company has requested the European Medicines...
4Apr2011 | vitalstocks | 0 comments | Continued(EEP) Enbridge Energy Partners Maintains Neutral on Shares
We are maintaining our Neutral recommendation on Enbridge Energy Partners, L.P. (EEP), given its fee-based and diversified businesses, along with its increased exposure to the Bakken Shale, the Haynesville Shale and Granite Wash. This is partially offset by the lower-than-expected...
4Apr2011 | vitalstocks | 0 comments | Continued(RE) Everest Re Group Limited – Bear of the Day
We are downgrading our recommendation on shares of Everest Re (RE) as we believe that its top-line growth will remain somewhat restricted due to the expected decline in the casualty line as a result of tough market conditions. Additionally, the potential for future reserve additions...
4Apr2011 | vitalstocks | 0 comments | Continued(ARAY) Accuray Incorporated – Bull of the Day
We upgrade our recommendation on Accuray Inc. (ARAY) to Outperform following our assessment of its healthy second-quarter fiscal 2011 results and increased visibility on the stock. Earnings per share of $0.07 comfortably beat the Zacks Consensus Estimate of a loss of $0.02. The...
4Apr2011 | vitalstocks | 0 comments | Continued(JDSU) JDS Uniphase Launches New Product
JDS Uniphase Corporation (JDSU) launched a new product called SAMComplete (Service Activation Methodology) for testing Ethernet service activation. It will belong to the company’s leading J-Complete tools. The new product is a significant addition to the company’s comprehensive...
4Apr2011 | vitalstocks | 0 comments | Continued(DAL) United Continental Holdings Flying Less to Japan
The largest U.S. airline United Continental Holdings Inc. (UAL) is cutting its flights to and from Japan due to a slowdown in air travel demand in that country. Air traffic has weakened considerably in Japan following the March 11 massive earthquake and tsunami. The carrier is...
4Apr2011 | vitalstocks | 0 comments | Continued