Archive for April, 2011
(PTR) PetroChina Company – ADR – Bull of the Day
We are upgrading PetroChina Co. (PTR) ADRs to Outperform from Neutral, reflecting its leverage to the fast-growing Chinese market and the turnaround in commodity prices. Being one of only two Chinese integrated oil companies, PetroChina is well-positioned to capitalize on these...
20Apr2011 | vitalstocks | 0 comments | Continued(BHI) U.S. Drilling Rig Count Snaps Winning Streak
In its weekly release, Houston-based oilfield services company Baker Hughes Inc. (BHI) reported a dip in the U.S. rig count (number of rigs searching for oil and gas in the country), primarily reflecting a decrease in the tally of land rigs. The Baker Hughes rig count, issued...
20Apr2011 | vitalstocks | 0 comments | Continued(AXP) American Express Expands Online Pay
On Wednesday, American Express Co. (AXP) (AmEx) expanded its digital payment services by partnering with a leading mobile payment processing service – Payfone, in a strategic alliance whereby the latter will integrate its advanced mobile authorization and payment services with...
19Apr2011 | vitalstocks | 0 comments | Continued(BMC) BMC Software’s Mainframe Solution Deployed by German Insurance Company
BMC Software Inc. (BMC) recently announced that its Mainframe Service Management solutions have been deployed by a German insurance company, HUK-COBURG. Financial details of the deal were not divulged. BMC Software’s CATALOG MANAGER for DB2 solutions will facilitate the insurer’s...
19Apr2011 | vitalstocks | 0 comments | Continued(JNPR) Juniper Networks First Quarter 2011 Earnings Preview
Juniper Networks Inc. (JNPR) is scheduled to announce its first quarter 2011 results on April 19 after the market closes, and we do not see major variation in analyst estimates at this point. Fourth Quarter Overview Juniper reported modest fourth quarter 2010 results —...
19Apr2011 | vitalstocks | 0 comments | Continued(NDAQ) NASDAQ OMX Group Still After NYSE Euronext
Despite that NYSE refused NASDAQ’s $11.3 billion take over offer earlier last week, NASDAQ OMX Group Inc. (NDAQ) appears to still be very game to merge with NYSE Euronext Inc. (NYX). On Friday, NYSE was reported to be open to selling its American Stock Exchange (Amex) in order...
19Apr2011 | vitalstocks | 0 comments | Continued(EMC) EMC’s Avamar Installed by Cash-Handling Company Loomis
EMC Corporation (EMC) announced that the Houston-based cash handling company Loomis has completed the installation of Avamar, EMC’s backup and data recovery product. With the installation of EMC’s next-generation backup and recovery offerings, Loomis now expects to obtain...
19Apr2011 | vitalstocks | 0 comments | Continued(TRW) TRW Automotive Holdings Announces New Vacuum Sensor
TRW Automotive Holdings Corp. (TRW) announced the launch of a new vacuum sensor that will measure and report the level of vacuum in the brake booster. Brake boosters and master cylinders are integral parts of brake actuation systems produced by TRW. These brake actuation systems...
19Apr2011 | vitalstocks | 0 comments | Continued(USM) U.S. Cellular Analyst Maintains Neutral Rating on Shares
United States Cellular Corp. (USM) is a subsidiary of Telephone and Data Systems Inc. (TDS) and remains the sixth largest wireless telecom operator in the U.S. by customer base with 6.1 million subscribers in 26 states. The company has witnessed strong penetration of smartphones,...
19Apr2011 | vitalstocks | 0 comments | Continued(GS) Earnings Boost For Stocks – Ahead of Wall Street
Tuesday, April 19, 2011 Following the uncomfortable reminder from the S&P yesterday about the nation’s financial health, stocks will likely go back to ‘normal’ behavior today. Helping the market shift its focus is positive earnings reports from two major...
19Apr2011 | vitalstocks | 0 comments | Continued(SYK) Stryker First Quarter 2011 Earnings Preview
Orthopedic devices major Stryker Corporation (SYK) is expected to release its first-quarter fiscal 2011 results on Tuesday, April 19, after the closing bell. Although the Michigan-based company has not divulged any specific financial targets for the quarter, it expects foreign...
19Apr2011 | vitalstocks | 0 comments | Continued(AMRN) Company News for April 19, 2011 – Corporate Summary
• Amarin’s (NASDAQ:AMRN) share prices sky rocketed 95% after promising results from a new cholesterol drug led to speculation that the company could soon be a takeover target for Big Pharma • Share prices of Marvell (NASDAQ:MRVL) dropped 4.57% after Susquehanna downgraded...
19Apr2011 | vitalstocks | 0 comments | Continued(ADSK) Autodesk Enhances Partner Program
Autodesk Inc. (ADSK) enhanced several components of its 2011 Autodesk Partner Program in a bid to boost its sales by increasing the capabilities of its global resellers. Autodesk’s global Partner Program was unveiled last year, with the intention of enhancing partner skills...
19Apr2011 | vitalstocks | 0 comments | Continued(AA) Stock Market News for April 19, 2011 – Market News
Markets suffered their biggest fall of the month as Standard & Poor downgraded long-term US sovereign debt rating to “negative” based on the country’s incremental budget deficit. European sovereign debt worries and China’s move to increase bank’s reserve ratio requirements...
19Apr2011 | vitalstocks | 0 comments | Continued(AA) Market Net Margin Expansion Slowing
While the first quarter earnings season “officially” kicked off last week when Alcoa (AA) reported, it was a slow start. We have just 32 (6.4%) first quarter reports in. It will pick up steam this week, when 111 members of the S&P 500 are due to report. This week’s...
19Apr2011 | vitalstocks | 0 comments | Continued(YRCW) YRC Worldwide – Bear of the Day
Struggling trucking company YRC Worldwide Inc. (YRCW) continues to suffer from one setback after another. In its annual report, management declared that it missed a major restructuring milestone in the first week of March 2011. This may prompt the company’s lenders to declare...
19Apr2011 | vitalstocks | 0 comments | Continued(TSCO) Tractor Supply Company – Bull of the Day
On the back of strong same-store sales, improved merchandise mix, prudent inventory management and effective cost control, Tractor Supply Co. (TSCO) posted better-than-expected fourth-quarter 2010 results. The quarterly earnings beat the Zacks Consensus Estimate of $0.62. Furthermore,...
19Apr2011 | vitalstocks | 0 comments | Continued(APC) U.S. Energy Department’s Natural Gas Supplies See Smaller Rise
The U.S. Energy Department’s weekly inventory release showed a smaller-than-expected build-up in natural gas supplies on the back of a decrease in domestic production. This was partially offset by warmer temperatures in the northern parts of the country. The Weekly Natural...
19Apr2011 | vitalstocks | 0 comments | Continued(RPI) Restaurant Industry Stock Review – April 2011 – Industry Outlook
The restaurant industry finally seems ready to show improvements in the second half of 2011. Riding on the back of a slowly reviving U.S. economy and the consequent rise in comparable-store sales, restaurant operators have managed to post improved results in recent months. We...
19Apr2011 | vitalstocks | 0 comments | Continued(C) Citigroup Earnings Report Beat by 10% – Misses Revenue
Citigroup Inc. (C) reported first quarter 2011 earnings of 10 cents per share, a penny ahead of the Zacks Consensus Estimate. The result also improved from the prior quarter earnings of 4 cents but fell short 14 cents earned in the year-ago quarter. The slightly better-than-expected...
18Apr2011 | vitalstocks | 0 comments | Continued(JPM) U.S. Bank Failures Surge to 34 in 2011
Bank failures continue unabated as the U.S. regulators closed down six more banks last Friday. Out of the six failed banks, two were based in Georgia, two in Alabama and one each in Minnesota and Mississippi. This brings the number of U.S. bank failures to 34 so far in 2011,...
18Apr2011 | vitalstocks | 0 comments | Continued(AMLN) Amylin Pharmaceuticals, Eli Lilly, and Alkermes Get Positive Opinion for Bydureon
Amylin Pharmaceuticals, Inc. (AMLN) and its partners, Eli Lilly and Company (LLY), and Alkermes, Inc. (ALKS), recently received good news regarding their pipeline candidate, Bydureon (exenatide once-weekly). Amylin, Eli Lilly and Alkermes said that Bydureon received a positive...
18Apr2011 | vitalstocks | 0 comments | Continued(ALKS) Company News for April 18, 2011 – Corporate Summary
• Chesapeake Energy Corp’s. (NYSE:CHK) share prices gained 0.25% after it announced plans to buy Bronco Drilling Co. (NASDAQ:BRNC) for $11 a share. The purchase price represents a 24% premium over Bronco’s average 90-day closing price • A report from Bloomberg cited...
18Apr2011 | vitalstocks | 0 comments | Continued(AGO) Stock Market News for April 18, 2011 – Market News
Markets posted modest gains on Friday, helped by positive economic reports that overshadowed disappointing earnings reports from bellwether stocks. The earnings season, which was unofficially kicked off by Alcoa, Inc, has been largely mixed up to now. A lot is at stake for the...
18Apr2011 | vitalstocks | 0 comments | Continued(JBHT) J.B. Hunt 2011 First Quarter Earnings Beats – Company Grows Overall
J.B. Hunt Transport Services(JBHT), the third-largest U.S. truckload carrier, reported first quarter 2011 earnings of 40 cents per share, surpassing the Zacks Consensus Estimate of 38 cents. Earnings per share rose 37.9% from the year-ago earnings of 29 cents. Total revenue increased...
18Apr2011 | vitalstocks | 0 comments | Continued(TEF) Telefonica Sets 3-Year Growth Plan
Spanish telecom giant Telefonica (TEF) set its annual revenue growth target at 1% to 4% through 2013 at its investor meeting in London. A weak Spanish market remains a concern for the company as customers are switching to cheaper offers from its competitors. Telefonica expects...
18Apr2011 | vitalstocks | 0 comments | Continued(GD) General Dynamics Gets Missile Defense Agency Contract
General Dynamics Information Technology, a business unit of General Dynamics Corporation (GD) was awarded a five-year contract by the Missile Defense Agency (MDA). The $565 million contract under MDA’s Engineering and Support Services (MiDAESS) program would provide infrastructure...
18Apr2011 | vitalstocks | 0 comments | Continued(FRX) Forest Labs Fourth Quarter 2011 Earnings Preview
Forest Labs (FRX) is all set to announce its fourth quarter and fiscal 2011 results on April 19. The Zacks Consensus Estimate for the fourth quarter is $1.07, representing a year-over-year increase of 28.9%. Meanwhile, the Zacks Consensus Estimate for fiscal 2011 is $4.35, representing...
18Apr2011 | vitalstocks | 0 comments | Continued(SE) Spectra Energy Analyst Reiterates Shares at Neutral
We maintain our Neutral recommendation on Spectra Energy Corporation (SE) given its impressive fourth quarter results, continued organic investments, healthy natural gas liquid (NGL) fundamentals, new prospects as well as a revival in the economy. However, we remain concerned...
18Apr2011 | vitalstocks | 0 comments | Continued(BAC) Bank of America First Quarter 2011 Earnings Disappoint Again
Bank of America Corporation’s (BAC) first quarter 2011 earnings came in at 17 cents per share, way below the Zacks Consensus Estimate of 27 cents. This also compares unfavorably with earnings of 28 cents in the prior-year quarter. Lower credit costs, gains from equity investments,...
18Apr2011 | vitalstocks | 0 comments | Continued