Archive for June, 2011
(NOK) Nokia and Siemens AG Venture Nokia Siemens Network Fails to Find Investor
Nokia Siemens Networks (NSN), a 50-50 joint venture between Nokia Corp. (NOK) and Siemens AG (SI) to provide telecom infrastructure solutions, has suffered a setback. For the last 6 months, NSN was looking for a third party investor in order to inject funds, thereby reducing...
27Jun2011 | vitalstocks | 0 comments | Continued(AA) Alcoa Wins $1 Billion Contract
Alcoa Inc. (AA) the largest U.S. aluminum producer was awarded a $1 billion multiyear supply agreement with aerospace firm Airbus for aluminum sheet and plate products. As per the agreement, Alcoa’s products will be used in nearly all Airbus commercial aircraft programs including...
27Jun2011 | vitalstocks | 0 comments | Continued(WMT) Walmart to Create Jobs in Africa
Following the takeover of South Africa-based retailer Massmart Holdings Ltd., the retail giant Wal-Mart Stores Inc. (WMT) has announced to create 15,000 jobs in South Africa within the next five years. Besides, Walmart will expand its procurement of food and consumer goods from...
27Jun2011 | vitalstocks | 0 comments | Continued(AAPL) Tablet Manufacturers To Explore Indian Market
India becomes a major destination for almost all tablet manufacturers. Several large global tablet makers are set to explore the second largest emerging economy of the world within the next few months. Currently, India is witnessing a nationwide 3G network launch and it is on...
27Jun2011 | vitalstocks | 0 comments | ContinuedStocks to Remain Tentative
Stocks will continue to fret about economic growth and the Greek drama as June comes to an end this week. On the economic front, the most important report this week will be the June ISM Manufacturing report on Friday, though there are a number of housing and confidence related...
27Jun2011 | vitalstocks | 0 comments | Continued(DDD) 3D Printing Comes of Age
by Ryan Cole, Investment U Research Analyst Monday, June 27, 2011 Yet again science fiction is becoming science fact. This time, it’s the Star Trek replicator. Granted – we don’t have the technology to rearrange molecules as we wish yet, as they do on the USS Enterprise....
27Jun2011 | InvestmentU | 0 comments | ContinuedWhy Money Managers Fail to Beat the Market
by Alexander Green, Investment U’s Chief Investment Strategist Monday, June 27, 2011: Issue #1543 Here are three easy ways to beat the market: Deception, irrelevance and bad math. Perhaps some explanation is in order… It’s a well-known fact that three out of four investment...
27Jun2011 | InvestmentU | 0 comments | Continued(VIV) Telesp S.A. – ADR – Bull of the Day
We are upgrading our recommendation to Outperform from Neutral on Telesp S.A. (VIV) following its merger with the mobile phone provider Vivo Participacoes. We believe the merger will boost its existing operations and its competitive position. The combined entity is now a full-service...
27Jun2011 | vitalstocks | 0 comments | Continued(BHP) BHP Billiton Limited Invests Further in Canada
BHP Billiton Limited (BHP) has approved another investment of $488 million to support the development of the Jansen Potash Project in Saskatchewan, Canada. The funding will help in supporting the project’s feasibility study related to preparation and procurement of long lead...
26Jun2011 | vitalstocks | 0 comments | Continued(EIA) With Oil Falling, Now’s the Time to Strike
by Matthew Carr, Investment U Research Friday, June 24, 2011 What a rough month for oil… Oil was already on a slide – down 16 percent in two weeks. Then the International Energy Agency (IEA) announced it’s releasing 60 million barrels of oil from its Strategic Petroleum...
26Jun2011 | InvestmentU | 0 comments | Continued(LLL) L-3 Communications Holdings Announces Another Half-Billion Contract
L-3 Communications Holdings Inc. (LLL) has won a U.S. Missile Defense Agency contract valued at up to $538 million for mission support of the Airborne Sensors Program. The deal covers a five-year base period plus five one-year options, the Pentagon said in its daily contract...
26Jun2011 | vitalstocks | 0 comments | Continued(MS) Excel Trust Issues Shares
Excel Trust, Inc. (EXL), a real estate investment trust (REIT) primarily focusing on retail assets, has recently announced an equity offer of 12.5 million shares at $10.94 each to raise cash to fund acquisition and repay a portion of its debt. The company will also grant the...
26Jun2011 | vitalstocks | 0 comments | Continued(MU) Micron Technology Misses Third Quarter Expectations – Shares Tumble
Micron Technology Inc. (MU) reported adjusted third quarter 2011 earnings per share of 0 cents, which missed the Zacks Consensus Estimate of 17 cents. The miss was largely due to subdued PC sales, which adversely affected the demand for memory chips. Management stated that Micron’s...
26Jun2011 | vitalstocks | 0 comments | Continued(BHP) RIO Tinto Announced Plans to Acquire Riversdale Mining
Rio Tinto plc (RIO) announced that it plans to acquire the remaining stake in Riversdale Mining Limited. by exercising its right under section 661A (1) of the Australian Corporations Act. Currently, the company has a 99.76% stake in Riversdale through its wholly owned subsidiary...
26Jun2011 | vitalstocks | 0 comments | Continued(SFG) Rating Action on StanCorp Financial Group
A.M. Best has affirmed the issuer credit rating (ICR) of “bbb+” and debt ratings of “bbb+” on $250 million 6.875% senior unsecured notes, due 2012 and “bbb-” on $300 million 6.900% junior subordinated debentures, due 2067 of StanCorp Financial Group (SFG). However,...
26Jun2011 | vitalstocks | 0 comments | Continued(BA) U.S. Durable Goods Orders Up in May
New Orders for Durable Goods rose 1.9% in May. That was above consensus expectations of an increase of 1.5%. In addition, the April numbers were revised upwards. It was first reported as a decrease of 3.6%, but now they say new orders fell “just” 2.7%. Durable goods orders...
26Jun2011 | vitalstocks | 0 comments | Continued(ACN) Accenture Beats Expectations – Guides Favorably
Accenture plc (ACN) reported third quarter 2011 earnings per share (EPS) of 93 cents, beating the Zacks Consensus Estimate of 89 cents. Earnings increased 25.0% from the year-ago quarter, attributable to higher revenues and margins, lower share count and tax rate as well as favorable...
26Jun2011 | vitalstocks | 0 comments | Continued(TAP) Molson Coors Brewing Joins Cobra India to Tap Asia
Molson Coors Brewing Co. (TAP) announced that it has joined with Cobra India to form a company called Molson Coors Cobra India, to brew and market Cobra beer in South Asia including India, Bangladesh, Bhutan, Maldives, Nepal, Pakistan and Sri Lanka. The joint venture will be...
26Jun2011 | vitalstocks | 0 comments | Continued(DE) Deere Fights to Preserve GPS For Agriculture Use
Deere & Company (DE), a member of the Coalition to Save Our GPS, released a report stating that a proposal under consideration by the U.S. Federal Communications Commission (FCC) will jeopardize the use of the Global Positioning System (GPS) in agriculture and construction...
26Jun2011 | vitalstocks | 0 comments | Continued(JOYG) Joy Global Buys Rowan’s LeTourneau
Mining equipment maker Joy Global Inc. (JOYG) said it has acquired LeTourneau Technologies Inc. from Rowan Companies Inc. (RDC) for $1.1 billion in cash. The company had agreed to buy Rowan’s LeTourneau assets in May 2011. LeTourneau remains engaged in the manufacturing of...
26Jun2011 | vitalstocks | 0 comments | Continued(SHPGY) Shire’s Firazyr Earns FDA Panel Backing
Recently, the Pulmonary-Allergy Drugs Advisory Committee of the US Food and Drug Administration (FDA) issued a positive opinion and recommended the US approval of Shire’s (SHPGY) Firazyr (icatibant). Shire is looking to get Firazyr approved in the US for treating patients (aged...
26Jun2011 | vitalstocks | 0 comments | Continued(MTB) M&T Bank Reaffirmed at Neutral
We have reiterated our Neutral recommendation on the shares of M&T Bank Corporation (MTB) on the back of a detailed analysis of its fundamentals, the completion of the of the acquisition of Wilmington Trust Corporation in May, the subsequent partial repay of the TARP dues...
26Jun2011 | vitalstocks | 0 comments | Continued(CE) Celanese Starts VAE’s Production
Celanese Corporation (CE) started production in its expanded vinyl acetate/ethylene (VAE) unit located at Nanjing Chemical Industrial Park in China. The capacity expansion leverages the company’s improved VAE technology. The expanded unit will address the growing demand for...
26Jun2011 | vitalstocks | 0 comments | Continued(ACN) Accenture Beats Expectations – Guides Favorably
Accenture plc (ACN) reported third quarter 2011 earnings per share (EPS) of 93 cents, beating the Zacks Consensus Estimate of 89 cents. Earnings increased 25.0% from the year-ago quarter, attributable to higher revenues and margins, lower share count and tax rate as well as favorable...
26Jun2011 | vitalstocks | 0 comments | Continued(RDY) Dr. Reddy’s Laboratories Launches Generic Levaquin
Dr. Reddy’s Laboratories (RDY) recently announced the launch of its generic version of Johnson & Johnson’s (JNJ) antibiotic drug, Levaquin, in the US. Data from IMS Health reveal that the branded product recorded sales of $1.1 billion in the trailing twelve months ending...
26Jun2011 | vitalstocks | 0 comments | Continued(HRB) H&R Block’s Earnings Report Beats
H&R Block’s (HRB) fiscal fourth-quarter 2011 adjusted income came in at $2.20 per share, 5 cents ahead of the Zacks Consensus Estimate. The results also compare favorably with $2.11 per share earned in the year-ago period. Adjusted income for the quarter was $658 million,...
26Jun2011 | vitalstocks | 0 comments | Continued(CHS) Chico’s FAS Offers Preliminary Second Quarter Update
Chico’s FAS Inc.’s (CHS) preliminary second-quarter revenue increased at a mid-teens percentage rate while comparable store sales climbed by a low double-digit percentage rate. The company by way of rewarding shareholders has also declared a quarterly dividend of 5 cents...
26Jun2011 | vitalstocks | 0 comments | Continued(CMED) China Medical Technologies Collaborates to Grow
China Medical Technologies, Inc. (CMED), a Chinese in-vitro diagnostic firm, recently revealed that its whole subsidiary – Beijing GP Medical Technologies Co. Ltd. (“GP Medical”) has agreed to collaborate with Gaoxin Da An Healthcare Investment Ltd. (“Da An...
26Jun2011 | vitalstocks | 0 comments | Continued(APH) Amphenol Reiterated at Neutral
We recently reiterated our Neutral recommendation on Amphenol Corporation (APH), which designs, manufactures and markets electronic and fiber optic connectors, interconnect systems and coaxial and high-speed specialty cable. Amphenol is successfully translating improvement in...
26Jun2011 | vitalstocks | 0 comments | Continued(AGNC) American Capital Agency Offers Shares
American Capital Agency Corp. (AGNC) recently issued a public offering of 43.2 million shares worth approximately $1.2 billion. The offering is expected to close on June 28, 2011. In a bid to cover over-allotments, the company will provide a 30-day option to the underwriters...
26Jun2011 | vitalstocks | 0 comments | Continued