Archive for May, 2011
(GE) General Electric Turbine Technology for Saudi Plant
Saudi Electricity Company (SEC) has selected General Electric Company (GE) for providing gas turbine technology and services for its upcoming power plant expansion projects. The approximate value of the agreements with GE is expected to be $500 million and the projects are expected...
4May2011 | vitalstocks | 0 comments | Continued(FDML) Federal Mogul Corporation – Income Triples From a Year Ago
Federal-Mogul Corp. (FDML) has pushed through a point of resistance thanks to a recent earnings report. The company, once again, topped expectations and analysts are raising estimates. Shares are up to Zacks #1 Rank (Strong Buy) and also trade with solid valuations. Company Description Federal-Mogul...
4May2011 | vitalstocks | 0 comments | Continued(ODP) Office Depot – Bear of the Day
Office Depot (ODP), which has been persistently losing market share to industry stalwarts, recently posted lower-than-expected first-quarter 2011 results. The under performance can be traced back to sluggish sales across each business segment that suffered due to lower customer...
4May2011 | vitalstocks | 0 comments | Continued(CMI) Cummins Incorporated – Revenues Increase 56%
Cummins, Inc. (CMI) recently spiked into a new high after reporting strong Q1 results that included a 22% earnings surprise. With an average earnings surprise of 16% over the last four quarters and a bullish growth projection, this Zacks #1 rank stock offers another gear for...
4May2011 | vitalstocks | 0 comments | Continued(UMBF) UMB Financial Corporation – Solid Dividend – Reasonable Valuation
UMB Financial Corporation (UMBF) recently reported another solid quarter marked by growing non-interest income and solid credit quality. Earnings per share beat the Zacks Consensus Estimate by 31%, prompting analysts to revise their estimates significantly higher. It is a Zacks...
4May2011 | vitalstocks | 0 comments | Continued(SRDX) SurModics Incorporated – Bull of the Day
We are upgrading SurModics Inc. (SRDX) to Outperform from Neutral following its strong showing in the second quarter of fiscal 2011. Adjusted earnings in the quarter came in at $0.08 per share, well ahead of break-even earnings suggested by the Zacks Consensus Estimate. Following...
4May2011 | vitalstocks | 0 comments | Continued(AMT) American Tower First Quarter 2011 Earnings Lag – Revenue Soars
American Tower Corp. (AMT) today announced its first quarter 2011 financial results. The company’s top line witnessed significant upside primarily attributed to the rise in demand for broadband data services coupled with the company’s global expansion strategy. Quarterly...
4May2011 | vitalstocks | 0 comments | Continued(ADP) Automatic Data Processing Earnings Reports In Line – Raises Outlook
Automatic Data Processing Inc. (ADP) reported third quarter 2011 earnings per share of 85 cents that were in-line with the Zacks Consensus Estimate. Earnings per share increased 8.0% year over year and 37.1% sequentially. The third quarter earnings were primarily driven by strong...
4May2011 | vitalstocks | 0 comments | Continued(HOLX) Hologic Earnings Report Shows Strong Growth
Hologic (HOLX) reported an adjusted EPS of 30 cents during the second quarter of fiscal 2011, surpassing the Zacks Consensus Estimate by 2 cents and a penny above the year-ago quarter. Revenues were $438.7 million, an increase of 4.9% compared to the prior-year quarter and higher...
4May2011 | vitalstocks | 0 comments | Continued(EXM) Excel Maritime Carriers Earnings Outperform
Yesterday after market close, Excel Maritime Carriers Ltd. (EXM), a global dry bulk carrier, declared solid financial results for the first quarter of 2011. GAAP net loss in the first quarter of 2011 was $1 million or a loss of 1 cent per share compared with a net income of $67.3...
4May2011 | vitalstocks | 0 comments | Continued(XOM) Exxon Mobil Corporation – Exxon Beat Estimates For Fourth Quarter in a Row
Big Oil is back in the spotlight. Exxon Mobil Corporation (XOM) saw first quarter profit jump 69% on high crude prices and a record quarter for its chemical division. Yet this Zacks #1 Rank (strong buy) is still cheap with a forward P/E of just 10. 125 Years in the Energy Business Exxon...
4May2011 | vitalstocks | 0 comments | Continued(RIMM) Can the BlackBerry Messenger Save RIMM?
by Tony D’Altorio, Investment U Research Wednesday, May 4, 2011 Research in Motion (Nasdaq: RIMM) is in trouble again, as shown by its lowered 2011 earnings forecast. BlackBerry shipment volumes are down, too, as is the average selling price. And RIMM has also had to delay...
4May2011 | InvestmentU | 0 comments | Continued(XLP) Get Offensive With Consumer Staples
by Marc Lichtenfeld, Investment U‘s Senior Analyst Wednesday, May 4, 2011: Issue #1505 There’s an old saying; when the going gets tough, the tough buy consumer staples stocks – or something like that. Historically, the sector has been viewed as a defensive position....
4May2011 | InvestmentU | 0 comments | Continued(TXRH) Texas Roadhouse Posts Mixed Results
Texas Roadhouse Inc. (TXRH) recently posted first quarter 2011 earnings of 27 cents that missed the Zacks Consensus Estimate of 29 cents and rose 1% year over year. The results were lower than expected due to higher costs that contracted margin. A significantly high amount of...
4May2011 | vitalstocks | 0 comments | Continued(HIG) Hartford Financial Services Group Beats The Street
Hartford Financial Services Group Inc. (HIG) reported its first-quarter adjusted core earnings of $494.0 million or 97 cents per share, modestly beating the Zacks Consensus Estimate of 95 cents. Additionally, Hartford was way behind the adjusted core earnings of $408 million...
3May2011 | vitalstocks | 0 comments | Continued(VMC) Vulcan Materials 2011 First Quarter Earnings Preview
Vulcan Materials Company (VMC) announced that it would release its results for the first quarter of 2011 after the market closes on May 4, 2011. Alabama-based Vulcan Materials realized a loss of 36 cents per share in the fourth quarter from continuing operations, deteriorating...
3May2011 | vitalstocks | 0 comments | Continued(EEP) Enbridge Energy Partners Misses Earnings Estimates – Revenues Grow
Enbridge Energy Partners L.P. (EEP) reported first-quarter 2011 earnings of 31 cents per unit, well below the Zacks Consensus Estimate of 38 cents and the year-earlier profit of 37 cents. Results were lower than expected mainly due to higher operating costs in liquids and natural...
3May2011 | vitalstocks | 0 comments | Continued(FSR) Genworth Financial Sees Rating Action
Late last week, the rating agency A.M.Best reviewed the financial strength ratings (FSR) and issuer credit ratings (ICR) of Genworth Financial, Inc. (GNW) It affirmed the FSR of “A” and ICR of “a” of Genworth’s major life and health subsidiaries. The rating agency also...
3May2011 | vitalstocks | 0 comments | Continued(HMC) Honda Motor Fears Auto Shortages on Parts Supply Issues
Honda Motor Co. (HMC) has alerted its U.S. dealers about supply shortages of its popular models, Civic compact and CR-V small SUV, due to lower availability of parts that will support the required production level to meet their demand. The parts shortage came on the back of earthquake...
3May2011 | vitalstocks | 0 comments | Continued(NS) NuStar Energy Quarterly Profit Soars
San Antonio-based publicly traded partnership NuStar Energy L.P. (NS) announced strong first quarter results, driven by higher operating income from all three business segments. The owner and operator of crude oil and refined products pipelines and storage facilities reported...
3May2011 | vitalstocks | 0 comments | Continued(MRO) Marathon Oil Reports Jump in First Quarter 2011 Profits
Marathon Oil Corporation (MRO) – the fifth largest refiner and marketer of petroleum products in the U.S. – reported a jump in its first-quarter 2011 profits. As has been the case with the larger rivals that have already reported, such as ExxonMobil Corp. (XOM), Royal Dutch...
3May2011 | vitalstocks | 0 comments | Continued(BMC) BMC Software Fourth Quarter 2011 Earnings Preview
BMC Software Inc. (BMC) is scheduled to release its fourth quarter 2011 results on May 4. There have been a few changes in the analysts’ estimates post its third quarter 2010 results. Third Quarter Recap BMC reported decent third quarter results, with earnings per share (EPS)...
3May2011 | vitalstocks | 0 comments | Continued(FIS) Fidelity National Information Services Reports Earnings In Line
Fidelity National Information Services Inc. (FIS) reported first quarter 2011 earnings of 45 cents, in line with the Zacks Consensus Estimate and management’s guided range of 44 to 46 cents. Strong revenue growth, partially offset by higher costs resulted in the quarter’s...
3May2011 | vitalstocks | 0 comments | Continued(LUV) Southwest Airlines Completes AirTran Holdings Merger
The largest U.S. low-cost carrier, Southwest Airlines (LUV) finally completed its $1.4 billion merger of AirTran Holdings Inc, following all regulatory clearances. The merger represents a unique opportunity for Southwest Airlines to expand its presence in key markets. The combination...
3May2011 | vitalstocks | 0 comments | Continued(WFC) Wells Fargo First Quarter 2011 Earnings Scorecard
Wells Fargo & Company (WFC) reported first quarter 2011 earnings of 67 cents per share on April 20 that was in line with the Zacks Consensus Estimate. Quarterly results reflect a decent reserve release and a decrease in expenses, offset by revenue downturns. The market had...
3May2011 | vitalstocks | 0 comments | Continued(HPQ) Hewlett-Packard Rolls Out New Retail Solutions
Hewlett-Packard Company (HPQ) recently launched a set of new technology solutions targeted at retailers. The solutions promise an enhanced shopping experience and are aimed at customer satisfaction and retention. HP added rp5800 Retail System and Self-Service Kiosks to its existing...
3May2011 | vitalstocks | 0 comments | Continued(STI) U.S. Banks Industry Outlook – May 2011 – Industry Outlook
A major recovery in the asset markets, improving balance sheets and declining credit costs promise growth for the U.S. banking sector. Yet, the outlook for the industry remains in question due to several negatives, including asset-quality troubles, the continuation of both residential...
3May2011 | vitalstocks | 0 comments | Continued(FMCN) Meet The Warren Buffett of China and His Next Move
by Carl Delfeld, Investment U’s Emerging Markets Expert Tuesday, May 3, 2011: Issue #1504 Move over Li Ka-Shing. Guo Guangchang, along with three partners, began investing in China in 1992 with a paltry $4,000 grubstake. Their holding company, Fosun International, has since...
3May2011 | InvestmentU | 0 comments | Continued(GOOG) China’s Baidu Beats Google At Its Own Game
by Alexander Moschina, Investment U Research Tuesday, May 3, 2011 The Chinese Internet Stocks Index may have flat-lined as of late, but that doesn’t mean there aren’t some star performers. One company in particular – Google‘s (Nasdaq: GOOG) greatest rival overseas...
3May2011 | InvestmentU | 0 comments | Continued(GD) General Dynamics Wins $2.5 Billion Deal
General Dynamics Information Technology, a business unit of General Dynamics Corporation (GD), was awarded an Operations, Planning, Training and Resource Support Services (OPTARSS) II contract by the U.S. Army Forces Command (FORSCOM). If all options are exercised, the five-year,...
3May2011 | vitalstocks | 0 comments | Continued