Archive for May, 2011
(CHU) China Unicom to Top 3G Goal
China’s second largest mobile operator China Unicom (CHU) is confident of expanding its 3G user base beyond its expectation. In April, China Unicom added 1.817 million subscribers reaching a total customer base of 20.352 million. This was less than 1.855 million customers...
31May2011 | vitalstocks | 0 comments | Continued(PCE) Stock Market News for May 31, 2011 – Market News
Investor sentiment was bolstered on Friday, as gas prices eased off and economic data struck a positive note. However, the modest gains ahead of the Memorial Day holiday were not strong enough to prevent a fourth consecutive week of losses for the indices. The Dow Jones Industrial...
31May2011 | vitalstocks | 0 comments | Continued(AFL) Company News for May 31, 2011 – Corporate Summary
• Marvell Technology Group Ltd. (NASDAQ:MRVL) reported first quarter fiscal 2012 adjusted earnings per share of 24 cents, 2 cents shy of the Zacks Consensus Estimate of 26 cents. Despite the miss, shares increased 8.86% in after-market trade on encouraging second quarter...
31May2011 | vitalstocks | 0 comments | Continued(IBM) IBM New Migration Tools Move Clients from Oracle
IBM Corp. (IBM) introduced new migration resources to pace up the process to shift clients using Oracle Corp (ORCL) software to IBM software. This new initiative includes training IBM clients for the IBM software. IBM will also finance the migration process from the Oracle database...
31May2011 | vitalstocks | 0 comments | Continued(TM) Oracle Corporation – Bull of the Day
Oracle Corporation (TM) reported strong third quarter results, which beat the Zacks Consensus Estimate by $0.04. Robust results were primarily driven by strong revenue growth and new software sales were encouraging. The company also provided a robust fourth quarter 2011 outlook. Given...
31May2011 | vitalstocks | 0 comments | Continued(UFPI) Universal Forest Products – Bear of the Day
Universal Forest Products Inc. (UFPI) reported quite disappointing results in the first quarter of 2011 with EPS falling 20 cents below the Zacks Consensus Estimate. The company’s top line also plummeted, largely owing to lost production days and lower sales in its three...
31May2011 | vitalstocks | 0 comments | Continued(IBM) International Business Machines Collaborates with SARA
International Business Machines Corp.(IBM) has entered into a joint research agreement with SARA, a Dutch National High Performance Computing and e-Science Support Center. The two companies will be pooling their resources in petascale computing to facilitate functioning of applications...
31May2011 | vitalstocks | 0 comments | Continued(HPQ) Hewlett-Packard Second Quarter Earnings Preview
Hewlett Packard Company (HPQ) is scheduled to announce its second quarter 2011 results on May 18, 2011, after the close of market and we don’t see much variation in analyst estimates at this point. Fourth Quarter Overview The company reported first quarter 2011 earnings per...
30May2011 | vitalstocks | 0 comments | Continued(JPM) Credit Card Defaults Trend Down
Regulatory filings by major credit card companies for the month of April have shown a declining trend in credit card defaults. On Monday, five of the nation’s top six credit card companies reported a decline in card defaults. While JPMorgan Chase & Co. (JPM), American...
30May2011 | vitalstocks | 0 comments | Continued(HON) Honeywell International Announces Lawsuit Settlement
Honeywell International Inc.’s (HON) Turbo Technologies business and BorgWarner Turbo Technologies has settled their patent dispute regarding cast titanium compressor wheels used in select commercial vehicle applications. As per the agreement, Honeywell will be paying $32.5...
30May2011 | vitalstocks | 0 comments | Continued(CVH) Coventry Health Care Performance Makes Moody’s Maintain Ratings
Following the impressive first-quarter earnings results and improved 2011 earnings outlook of Coventry Health Care Inc. (CVH), the rating agency Moody’s Investors Service has kept its debt ratings under review. According to Moody’s, it will seek Coventry’s ability...
30May2011 | vitalstocks | 0 comments | Continued(UNP) Union Pacific Analyst Maintains Neutral on Shares
We reaffirm our long-term Neutral recommendation on Union Pacific Corp. (UNP). The company reported mixed financial results in the first quarter of 2011. Revenue easily beats the Zacks Consensus Estimate, while EPS fell below it. In the last quarter, Union Pacific improved year...
30May2011 | vitalstocks | 0 comments | Continued(IT) International Business Machines Expands to Dakar, Senegal
Information Technology (IT) giant International Business Machines Corp. (IBM) has opened a new branch office in Dakar, Senegal. The Dakar office is a part of IBM’s West Africa operations and will complement IBM’s other West African branch offices in Accra, Ghana and...
30May2011 | vitalstocks | 0 comments | Continued(NFLX) Netflix Announces Partnership with Miramax Films
Netflix Inc. (NFLX) has signed a multi-year agreement with Miramax films, enabling its US members to watch critically acclaimed and popular titles like “Pulp Fiction,” “Good Will Hunting” and “The English Patient” from June. Through this agreement, Netflix will gain...
30May2011 | vitalstocks | 0 comments | Continued(MAR) Marriott International to Boost Shareholder Value
Bethesda, Maryland-based Marriott International, Inc (MAR) recently announced a hike in its quarterly dividend payout by 1.25 cents to 10 cents per share, reflecting an increase of 14% from the prior dividend. The increased dividend will be paid on June 24, 2011, to stockholders...
30May2011 | vitalstocks | 0 comments | Continued(ENDP) Endo Pharmaceuticals Evenly Poised
We are maintaining our Neutral stance on Endo Pharmaceuticals (ENDP) with a target price of $44.00. Headquartered in Chadds Ford, Pennsylvania and founded in 1997, Endo Pharma is a specialty healthcare solutions company. The company, which operates in the US, reports results...
30May2011 | vitalstocks | 0 comments | Continued(AAPL) Is Apple Losing Momentum?
Apple Inc. (AAPL), the most prolific growth story in the tech industry over the past 12 months, appears to be losing some steam in recent times as shares have declined approximately 4.0% since the release of its second quarter 2011 results on April 21, 2011. Apple reported a...
30May2011 | vitalstocks | 0 comments | Continued(AMAT) Applied Materials Reports Quarterly Earnings In-Line
Applied Materials’ (AMAT) second quarter earnings were in line with the Zacks Consensus Estimate. Revenue came in higher than management expectations and exceeded the Zacks Consensus by 3.2%. Revenue Applied reported revenue of $2.86 billion, which was up 6.6% sequentially...
29May2011 | vitalstocks | 0 comments | Continued(JPM) Federal Deposit Insurance Corporation’s Problem Institutions List Increases to 888
The number of banks on the Federal Deposit Insurance Corporation’s (FDIC) list of problem institutions saw a marginal increase to 888 in the first quarter from 884 in the previous, the agency said on Tuesday. This is the highest number since March 31, 1993, when there were...
29May2011 | vitalstocks | 0 comments | Continued(FITB) Fifth Third Bancorp Redeems 8.875% Trust Preferred Securities
On Wednesday, Fifth Third Bancorp (FITB) announced that according to a notice issued by the company to the trustee of Fifth Third Capital Trust VII on May 16, 2011, the 8.875% trust preferred securities (TRUPs) should be redeemed by June 15, 2011. As per Fifth Third, each Trust...
29May2011 | vitalstocks | 0 comments | Continued(PCE) Personal Income and Savings Both Rise 0.4%
In March, Personal Income rose 0.4%, matching from the 0.4% rise in both February and March, but only after the March numbers were revised down from a rise of 0.5%. The increase was in line with the consensus expectation of a 0.4% increase. Meanwhile, Personal Consumption Expenditures...
29May2011 | vitalstocks | 0 comments | Continued(TRV) The Travelers Companies Sees Debt Rating Action
A.M. Best affirmed the issuer credit rating (ICR) and senior debt ratings of “a” of The Travelers Companies, Inc. (TRV). The credit rating agency also reiterated the financial strength ratings (FSR) of A+ (Superior) and ICR of “aa” of Travelers Group, its property/casualty...
29May2011 | vitalstocks | 0 comments | Continued(MICC) Millicom International Cellular S.A. Analyst Upgrades Shares to Outperform
We upgrade our recommendation on Millicom International Cellular S.A. (MICC) to Outperform. Millicom reported excellent financial results for the first quarter of 2011, easily beating the Zacks Consensus Estimates. This fabulous performance was primarily attributable to a double-digit...
29May2011 | vitalstocks | 0 comments | Continued(GOOG) Google Sued by Paypal Over Digital Wallet Payment System
Google Inc (GOOG) announced its digital wallet payment system amongst much controversy. Very soon after the company announced the new payment system at its New York offices along with partners Citibank, a subsidiary of Citigroup (C) and Mastercard Inc. (MA), eBay Inc (EBAY) and...
29May2011 | vitalstocks | 0 comments | Continued(RNR) A.M. Best Affirms RenaissanceRe
The rating agency A.M. Best Co. has affirmed the issuer credit ratings (ICR) and debt ratings of RenaissanceRe Holdings Ltd. (RNR), while maintaining the financial strength rating (FSR) and ICR of Renaissance’s subsidiaries. The outlook for all the ratings remains stable. A.M....
29May2011 | vitalstocks | 0 comments | Continued(BAC) Credit Card Risks Linger
Are U.S. credit card users protected now? The answer depends on the type of credit card they are holding. If it’s a small business credit card, which is easily available for customers who do not own even a small business, the risk of facing awful practices by credit card...
28May2011 | vitalstocks | 0 comments | Continued(GD) General Dynamics Gets Follow-on Contract
General Dynamics Information Technology, a business unit of General Dynamics (GD), was awarded a follow-on task order to continue providing claims processing support to the Department of Health and Human Services’ Centers for Medicare and Medicaid Services (CMS). The contract...
28May2011 | vitalstocks | 0 comments | Continued(SHW) Used Home Sales Down – Inventories Up
In April, Existing Home Sales ran at a seasonally adjusted annual rate of 5.05 million. That pace is 0.8% lower than in March, and 12.9% below the year-ago rate. The year-ago numbers were somewhat inflated due to the end of the homebuyer tax credit. The April sales rate was below...
28May2011 | vitalstocks | 0 comments | Continued(T) Will AT&T and T-Mobile Finally Merge?
The ambitious $39 billion proposed mega-merger of AT&T Inc. (T) and T-Mobile USA, a unit of Deutsche Telekom, faces huge opposition. Sprint Nextel Corp. (S), the third-largest U.S. wireless carrier was the first to raise a voice of protest. Now, MetroPCS Communications Inc....
28May2011 | vitalstocks | 0 comments | Continued(WMT) U.S. Initial Jobless Claims Fall Again
Initial Claims for Unemployment Insurance fell by 29,000 last week to 409,000. However, last week was revised up by 4,000, so one could see it as a 25,000 decrease. This was better than the expected level of 420,000. The trend in initial claims has been downward overall, although...
28May2011 | vitalstocks | 0 comments | Continued