Archive for May, 2011
(DSW) Company News for May 25, 2011 – Corporate Summary
• Shares of Yandex NV (NASDAQ:YNDX) gained more than 55% to close at $38.84 in its opening trading day at the American exchange. Yandex is a Russian internet search company and its IPO was the biggest in the Internet sector after Google (NASDAQ:GOOG) • Automotive-parts...
25May2011 | vitalstocks | 0 comments | Continued(BHI) U.S. Oil Drilling Rig Count Holds Steady at 1830
In its weekly release, Houston-based oilfield services company Baker Hughes Inc. (BHI) reported an unchanged U.S. rig count (number of rigs searching for oil and gas in the country), as an increase in the number of oil rigs was offset by a fall in the natural gas rig count. Interestingly, ...
25May2011 | vitalstocks | 0 comments | Continued(CRM) Salesforce-Toyota Make Allies
Salesforce.com Inc. (CRM) recently announced a strategic alliance with the multinational automobile manufacturer Toyota Motors Corp. (TM). Under the terms of the agreement, the companies will jointly develop a private social networking service, Toyota Friend, for Toyota owners. The...
24May2011 | vitalstocks | 0 comments | Continued(GM) Auto Industry Outlook and Review – May 2011 – Industry Outlook
The auto industry is highly concentrated, with the top 10 global automakers accounting for over 77% of production worldwide. In the first four months of 2011, General Motors Company (GM) led with a 19.6% market share in the U.S., followed by Ford Motor Co. (F) with a 16.2% market...
24May2011 | vitalstocks | 0 comments | Continued(HUM) Humana Incorporated – Bull of the Day
Humana Inc. (HUM) posted strong first quarter earnings, beating both the Zacks Consensus Estimate and the prior-year earnings, owing to improved performance in the Employer Group and Health and Well-Being Services business segments. Humana benefited from the new rule of the health...
24May2011 | vitalstocks | 0 comments | Continued(FGP) Ferrellgas Partners – Bear of the Day
Ferrellgas Partners (FGP), since the beginning of fiscal 2011, has already made four acquisitions. However, the partnership’s results in the second quarter continued the past trend of poor earnings. Moreover, we believe the absence of distribution growth for more than a...
24May2011 | vitalstocks | 0 comments | Continued(ALL) Allstate Boosts Online Insurance
In an attempt to expand its online home-auto sales, on Wednesday, Allstate Corp. (ALL) announced the acquisition of Ensurance and Answer Financial from White Mountains Insurance Group Ltd. (WTM) for approximately $1.0 billion. The deal was valued at $700 million along with the...
24May2011 | vitalstocks | 0 comments | Continued(PM) Most Promising High-Yielding Stocks
With interest rates at rock-bottom levels, income is hard to find in this environment. Stocks that pay nice dividends are a good place to look. This is inherently a long-term approach to investing, not about quick flips. However, you don’t want to buy a stock just because it...
24May2011 | vitalstocks | 0 comments | Continued(BKE) Company News for May 24, 2011 – Corporate Summary
• After a security researcher reported that social networking site LINKEDIN CORP (NYSE:LNKD) has serious security serious flaws which makes its user accounts susceptible to hackers, share prices of the social networking site dropped 5.15% to close at $88.30 • ...
24May2011 | vitalstocks | 0 comments | Continued(CEA) Stock Market News for May 24, 2011 – Market News
Global events weighed on investor sentiment to drag US indices lower on Monday. While rising concerns about the euro-zone debt situation significantly dampened benchmarks, disappointing manufacturing data from China stepped in to further pressurize the indices amidst the lack...
24May2011 | vitalstocks | 0 comments | Continued(HPQ) Hewlett-Packard Reports Profitable Quarter
Hewlett-Packard Company (HPQ) reported second quarter 2011 earnings per share (EPS) of $1.24, exceeding the Zacks Consensus Estimate of $1.21. However, revenue of $31.6 billion exceeding the Zacks Consensus Estimate of $31.5 billion. Revenues Revenues increased 3.0% to $31.6...
23May2011 | vitalstocks | 0 comments | Continued(BHI) U.S. Drilling Activity Slips
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. Interestingly, for the fourth week...
23May2011 | vitalstocks | 0 comments | Continued(ACOR) Company News for May 23, 2011 – Corporate Summary
• Shares of Morgan Stanley (NYSE:MS) were guided lower after FrontPoint Partners LLC decided to close some of its hedge funds in which Morgan Stanley holds a minor stake by this month • After a regulatory filing disclosed that the chief scientist of Akamai Technologies...
23May2011 | vitalstocks | 0 comments | Continued(APC) Stock Market News for May 23, 2011 – Market News
European debt concerns once again resurfaced to drag the markets lower on Friday. Disappointing earnings from retailers added to the bearish sentiment and washed out the gains of the previous two days. Following these developments, markets continued their run of weekly losses...
23May2011 | vitalstocks | 0 comments | Continued(GOOG) Seeking Yield from Stocks Instead of Bonds – AAII Investor Update
Income-oriented investors have yet another reason to be upset with the bond markets. Junk bond yields fell to a record low a few days ago and are staying near those levels. As of Wednesday evening, the Barclays U.S. Corporate High Yield index yielded a mere 6.68%, which isn’t...
23May2011 | Shawn | 0 comments | Continued(MRGE) Merge Healthcare – Bear of the Day
Merge Healthcare’s (MRGE) first quarter 2011 adjusted EPS of $0.03 was below the year-ago quarter’s $0.05. The company also experienced a 950 bps contraction in gross margin. Moreover, Merge has improved its sales force, but as a result, operating margin was down...
23May2011 | vitalstocks | 0 comments | Continued(BEN) Franklin Resources Incorporated – Bull of the Day
Franklin Resources Inc.’s (BEN) second quarter 2011 earnings of $2.25 per share outpaced the Zacks Consensus Estimate of $2.00 per share. Results reflected robust growth in revenue and higher assets under management (AUM), partially offset by increased operating expenses. Moreover,...
23May2011 | 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...
23May2011 | vitalstocks | 0 comments | Continued(DTV) DIRECTV Analyst Maintains Neutral on Shares
We reaffirm our long-term Neutral recommendation on DIRECTV (DTV). The company declared excellent financial results for the first quarter of 2011. These solid results were the combined effect of a double-digit growth of the top line, significant margin and ARPU expansion, and...
22May2011 | vitalstocks | 0 comments | Continued(F) Unemployment Down in 39 States
Geographically, the decline in unemployment has been widespread, but it still remains very high in most of the country. In April, the unemployment rate fell in 39 states and rose in three (plus DC). Relative to a year ago, the unemployment rate is down in 46 states (plus DC)...
22May2011 | vitalstocks | 0 comments | Continued(UNP) U.S. Railroad Industry Outlook – May 2011 – Industry Outlook
Early indications are painting a rosy picture for the U.S. Freight Railroads in 2011. In the first quarter of 2011, the U.S. rail carload volume was up nearly 5.3% compared with the prior-year quarter. A recent report of the Association of American Railroads (AAR), the main trade...
22May2011 | vitalstocks | 0 comments | Continued(XOM) U.S. Crude Oil Distilled Petroleum Stock Inventories Move Down
The U.S. Energy Department’s weekly inventory release showed an unexpected drop in crude and distillate stockpiles, while gasoline supplies rose for the second straight week. Meanwhile, refiners improved processing rates by 1.5%. The Energy Information Administration (“EIA”)...
22May2011 | vitalstocks | 0 comments | Continued(MYL) Mylan Launches Generic Drugs
MylanInc. (MYL) recently launched its generic version of Ista Pharmaceuticals Inc’s (ISTA) Xibrom ophthalmic solution, used for the treatment of inflammation in patients who have undergone a cataract extraction operation. The generic has been launched under a development and...
21May2011 | vitalstocks | 0 comments | Continued(HPQ) Hewlett-Packard Reports Profitable Quarter
Hewlett-Packard Company (HPQ) reported second quarter 2011 earnings per share (EPS) of $1.24, exceeding the Zacks Consensus Estimate of $1.21. However, revenue of $31.6 billion exceeding the Zacks Consensus Estimate of $31.5 billion. Revenues Revenues increased 3.0% to $31.6...
21May2011 | vitalstocks | 0 comments | Continued(BAC) U.S. Bank Stress Test Story Continues
According to a Financial Times report spotted on Tuesday, U.S. banks will have to go through stress tests every year to prove their financial ability to confront another recession. This annual drill is a requirement of the Federal Reserve, which also could hold the right to ban...
20May2011 | vitalstocks | 0 comments | Continued(ADI) Analog Devices Posts Solid Second Quarter Earnings
Analog Devices’ (ADI) fiscal second quarter earnings beat the Zacks Consensus Estimate by 11 cents, or 16.2%. Revenue was also better than expectations, beating by around 6.0%. Results exceeded both management and our expectations on revenue and gross lines. Strong revenue...
20May2011 | vitalstocks | 0 comments | Continued(NFLX) Netflix Partners with Miramax
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...
20May2011 | vitalstocks | 0 comments | Continued(DHI) U.S. Existing Home Sales Up in April
The existing home sales in the U.S. rose in April, marking the second consecutive month of improvement in previously owned homes. Total purchases of existing houses stood at a seasonally-adjusted annual rate of 5.2 million, up 2% from a seasonally-adjusted annual rate of 5.1...
20May2011 | vitalstocks | 0 comments | Continued(TM) Toyota Delays Prius Deliveries Due to Tsunami Damage
Toyota Motor Corp. (TM) revealed that deliveries of the latest version of its popular gas-electric hybrid, Prius, will be delayed by a year due to a shortage in supply of batteries on the back of earthquake and tsunami in Japan on March 11 that damaged many parts supplying companies’...
20May2011 | vitalstocks | 0 comments | Continued(AGL) Company News for May 20, 2011 – Corporate Summary
• Professional-networking site LinkedIn (NASDAQ:LNKD) made its debut at the New York Stock Exchange on Thursday. Share prices rocketed 109.44% to more than double to close at $94.25 • Pet-store chain PetSmart, Inc.’s (NASDAQ:PETM) shares gained 7.58% after the...
20May2011 | vitalstocks | 0 comments | Continued