Archive for April, 2011
(BAX) Baxter International Launches Fresh Initiative To Mark World Hemophilia Day
To mark World Hemophilia Day, Baxter International (BAX) recently reiterated its determination to maintain the standard of care and ensure adequate access to treatment for victims of hemophilia and other bleeding disorders. The company is extending its hand to the World Federation...
14Apr2011 | vitalstocks | 0 comments | ContinuedAAII Sentiment Survey: Optimism Is Rangebound – April 14, 2011
Bullish sentiment slipped 1.4 percentage points to 42.2% in the latest AAII sentiment survey. Optimism that stock prices will rise over the next months stayed within a two percentage point range for the third consecutive week. The historical average is 39%. Neutral sentiment,...
14Apr2011 | Shawn | 0 comments | Continued(JPM) RealtyTrac Reports Foreclosures Dwindle In 2011 First Quarter
On Wednesday, the leading online marketplace of foreclosure properties, RealtyTrac, revealed that foreclosure filings fell to a 3-year low in the first quarter of 2011. A total of 681,153 properties were slammed with notices of default, auction or repossession in the reported...
14Apr2011 | vitalstocks | 0 comments | Continued(AAPL) Apple iPhone 4 Goes White
Reportedly, Apple Inc. (AAPL) is set to launch the white version of iPhone 4 in the coming weeks, after a delay of 10 months since the black iPhone 4 was launched in June 2010. Apple mentioned a range of manufacturing snags, from faulty sensors to flawed cover paints that peeled...
14Apr2011 | vitalstocks | 0 comments | Continued(RIMM) Research In Motion Analyst Maintains Neutral Rating on Shares
We reaffirm our long-term Neutral recommendation on Research In Motion Ltd. (RIMM). The company declared mixed financial results for the fourth quarter of fiscal 2011. Although EPS beats the Zacks Consensus Estimate, revenue was below the estimate. Management provided a weak...
14Apr2011 | vitalstocks | 0 comments | Continued(IT) International Business Machines Inks Tech Deal with Hartford Financial Services Group
Information Technology (IT) giant International Business Machines Corp. (IBM) recently inked a new five-year technology services deal with insurance and wealth management company, Hartford Financial Services Group Inc. (HIG). Under the terms of the agreement, IBM will provide...
14Apr2011 | vitalstocks | 0 comments | Continued(HAR) Harman International Industries Receives Additional Contract
A developer of audio products and electronic systems, Harman International Industries Inc. (HAR) announced that it has won an additional contract from Volkswagen AG (VLKAY) to provide premium high infotainment solutions for Volkswagen Group brands including Audi, SEAT, Skoda...
14Apr2011 | vitalstocks | 0 comments | Continued(QCOM) Qualcomm Wins Chinese Contract From Zoom Technologies
The leading global manufacturer of mobile phone chipsets, Qualcomm Inc. (QCOM) recently won a contract from Chinese hand set maker, Zoom Technologies Inc. (ZOOM). As per the deal, Zoom Technology will install Qualcomm chipsets into their 3G-based hand sets by paying the universal...
14Apr2011 | vitalstocks | 0 comments | Continued(UFPI) Universal Forest Products 2011 First Quarter Report Results Below Consensus
Universal Forest Products Inc. (UFPI) reported its financial results for the first quarter 2011 on April 13. Net earnings were a loss of 19 cents per share compared with a 5 cent per share gain in the year-ago quarter. Results were below the Zacks Consensus Estimate of 1 cent...
14Apr2011 | vitalstocks | 0 comments | Continued(VE) Veolia Environnement S.A. to Recycle Water for Plains Exploration & Production
Veolia Water, the water division of Veolia Environnement S.A. (VE), has been selected to design, build and operate a 45,000 barrel- per-day (Bbls/d) produced water reclamation facility in California for Plains Exploration & Production Company (PXP). Located in Plains’ Arroyo...
14Apr2011 | vitalstocks | 0 comments | Continued(AA) Stock Market News for April 14, 2011 – Market News
On Wednesday, a choppy session finally came to a close with the benchmarks gaining modest points as the Federal Reserve provided assurances that the economy was improving and President Barack Obama announced plans to cut the U.S. budget deficit by $4 trillion over the next 12...
14Apr2011 | vitalstocks | 0 comments | Continued(ADTN) Company News for April 14, 2011 – Corporate Summary
• ADTRAN, Inc. (NASDAQ:ADTN) reported Q1 EPS of $0.52, ahead of the Zacks Consensus Estimate for $0.47 per share. Revenue for the quarter increased 30% year-over-year to $165.52 million, beating the Zacks Consensus Estimate for $163.0 million • JPMorgan Chase & Co (NYSE:JPM)...
14Apr2011 | vitalstocks | 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...
14Apr2011 | vitalstocks | 0 comments | Continued(RMBS) ARMOUR Residential REIT Announces Closeure of Secondary Offering
ARMOUR Residential REIT, Inc. (ARR), a real estate investment trust (REIT) that invests in residential mortgage backed securities (RMBS), has recently closed its secondary offering of 17 million shares at $7.40 each. The equity offer included 1 million shares sold to the underwriters...
14Apr2011 | vitalstocks | 0 comments | Continued(GS) Goldman Sachs Group First Quarter 2011 Earnings Preview
The Goldman Sachs Group Inc. (GS) is scheduled to report its first-quarter 2011 results before the market opens on Tuesday, April 19. The Zacks Consensus Estimate for the first quarter is 75 cents per share, representing a decline of about 86.58% from the year-ago quarter. We...
14Apr2011 | vitalstocks | 0 comments | Continued(SJR) Shaw Communications Reports Second Quarter That Meets The Street
Shaw Communications Inc. (SJR) has declared its second quarter of fiscal 2011 financial results, which were almost in line with the Zacks Consensus Estimate. Although the company maintains its previously given financial outlook for fiscal 2011, it now anticipates that growing...
14Apr2011 | vitalstocks | 0 comments | Continued(HIG) Hartford Financial Services Group Upped by A.M. Best
On the back of lower investment losses and strong performance in the fourth quarter, the rating agency A.M. Best Co. has revised the ratings outlook of The Hartford Financial Services Group, Inc. (HIG) as the company diverts to safer risk profiles in its investment portfolio. A.M....
14Apr2011 | vitalstocks | 0 comments | Continued(EWJ) Thirteen Reasons Japan Still Has a Bright Future Ahead
by Carl Delfeld, Investment U’s Global Equities and Emerging Markets Specialist Thursday, April 14, 2011: Issue #1491 The bear case for Japan is well known: high debt, slow growth, an aging population, gaping budget deficits and dysfunctional politics. To many investors,...
14Apr2011 | InvestmentU | 0 comments | Continued(VOD) Vodafone Dismantles Its Empire
by Tony D’Altorio, Investment U Research Thursday, April 14, 2011 Just over a year ago, disgruntled shareholders were on the march at the global mobile telecom giant, Vodafone Group (Nasdaq: VOD). They were displeased at the underperformance of the company, which had built...
14Apr2011 | InvestmentU | 0 comments | Continued(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...
14Apr2011 | vitalstocks | 0 comments | Continued(MXWL) Maxwell Technologies Production Capacity Doubles
Maxwell Technologies, Inc. (MXWL) announced that its production capacity for ultracapacitor electrode, cells and modules has more than doubled versus 2010. Since the set up of the initial high-volume production, the company has produced more than 15.0 million cells of all types. Ultracapacitor...
13Apr2011 | vitalstocks | 0 comments | Continued(PX) Praxair Increases Capacity in Argentina
Praxair Inc. (PX) recently announced plans to increase its production capacity in Argentina to meet the escalating demand for industrial gases in the region. The company via its subsidiary, Praxair Argentina, will build a new plant to supply oxygen, nitrogen and argon. The plant...
13Apr2011 | vitalstocks | 0 comments | Continued(RE) Everest Re Group Forecasts Earthquake and Tsunami Losses
Everest Re Group, Ltd. (RE) guided preliminary losses from earthquake and tsunami in Japan at $320 million, pre-tax and net of reinstatement premiums and taxes. The company has forecast total industry losses of roughly $25 billion resulting from the Japanese earthquake and tsunami. ACE...
13Apr2011 | vitalstocks | 0 comments | Continued(ODP) Office Depot Contracts with National IPA
The leading provider of office supplies and services, Office Depot Inc. (ODP), in a streak to enhance its revenue stream, has recently entered into a five-year office furniture contract with the National Intergovernmental Purchasing Alliance Company (National IPA). According...
13Apr2011 | vitalstocks | 0 comments | Continued(MRK) Merck’s Cancer Drug Earns US Food and Drug Administration Clearance
Recently, the US Food and Drug Administration (FDA) cleared Merck & Co., Inc.’s (MRK) skin cancer (melanoma) drug, Sylatron (peginterferon alfa-2b). The once-weekly injectable drug has been approved by the US regulatory body for subcutaneous use. Sylatron has been approved...
13Apr2011 | vitalstocks | 0 comments | Continued(URS) URS Corporation Gets BP Order
URS Corporation (URS) has won a contract from BP Products North America, a group company of BP Plc (BP) to provide construction and maintenance service to the Whiting Refinery in Indiana. The contract is of a three year duration and carries a maximum potential value of $150...
13Apr2011 | vitalstocks | 0 comments | Continued(HAS) Hasbro 2011 First Quarter Earnings Preview
Hasbro Inc. (HAS), one of the largest toy makers in the world is slated to release its first-quarter 2011 results on Thursday, April 14, before the market opens. The current Zacks Consensus Estimate for the first quarter is 17 cents per share, representing a 34.07% year-over-year...
13Apr2011 | vitalstocks | 0 comments | Continued(BP) BP-Rosneft Deal at Risk
BP Plc’s (BP) share-swap agreement with Russia’s state-operated oil company, Rosneft is in dire straits. First, the U.K. oil giant faces a court injunction held by its Russian partner, TNK-BP related to the deal. The next blow is the resignation of the deal’s chief...
13Apr2011 | vitalstocks | 0 comments | ContinuedJob Openings and Labor Turnover Survey: Job Openings Jump
In February, the country gained a net of 194,000 jobs, and in March we gained 216,000. However that is a very small fraction of the total number of jobs that were actually created. It subtracts out the number of jobs that were also destroyed in the month. In any economic environment,...
13Apr2011 | vitalstocks | 0 comments | Continued(SPWRA) SunPower Earns Conditional Loan from U.S. Department of Energy
SunPower Corporation (SPWRA) announced that it received a conditional loan guarantee of $1.187 billion from the U.S. Department of Energy (DOE) for its 250 Megawatt (MW) California Valley Solar Ranch power plant. Once completed this photovoltaic (PV) solar power plant will be...
13Apr2011 | vitalstocks | 0 comments | Continued