Archive for June, 2011
(T) AT&T’s 4G LTE Expansion Plans
AT&T Inc. (T), the second largest provider of wireless services in North America is expected to roll out its Long-Term Evolution (LTE) based Fourth Generation (4G) technology in mid-2011. For this, the company projected a capital plan of $19 billion for network upgrades across...
24Jun2011 | vitalstocks | 0 comments | Continued(BA) Boeing Flies in Russian Sky
The Boeing Company (BA) announced a sales agreement with Russia’s UTair Aviation for 40 Next-Generation Boeing 737 airplanes, comprising seven 737-900ERs and 33 737-800s. Boeing’s 737 Next-Generation airplanes will help UTair deliver an unmatched level of service...
24Jun2011 | vitalstocks | 0 comments | Continued(MAS) Masco Retains Underperform
We reiterate our Underperform recommendation on Masco Corporation (MAS), which manufactures, sells, and installs home improvement and building products. The company earns 75-80% of revenues from the operations in North America, primarily in the U.S., while its international operations...
24Jun2011 | vitalstocks | 0 comments | Continued(STJ) St. Jude Devices Get Japanese Nod
Medical technology giant St. Jude Medical (STJ) has received clearance of the Japanese Ministry of Health, Labor and Welfare (“MHLW”) for its Fortify ST implantable cardioverter defibrillator (“ICD”) and Unify cardiac resynchronization therapy defibrillator (“CRT-D”). The...
24Jun2011 | vitalstocks | 0 comments | Continued(ALTR) Altera Corporation – Bull of the Day
Altera Corp. (ALTR) continues to post solid growth, and we believe this growth will be sustainable in the long run. As expected, Altera faced a minor inventory adjustment and a temporary slowdown in the wireless segment during the first quarter. However, results topped our expectations. Earnings...
24Jun2011 | vitalstocks | 0 comments | Continued(MAS) Masco Corporation – Bear of the Day
Masco Corporation (MAS) is highly dependent on the U.S. housing industry. Falling prices have made homes a less lucrative investment to buyers, which reduces demand for Masco products. Rising prices of raw materials are also affecting margins to a large extent. In addition, Masco...
24Jun2011 | vitalstocks | 0 comments | Continued(CELL) Brightpoint Remains Neutral
We maintain our Neutral recommendation on Brightpoint Inc. (CELL) following the ongoing consolidation trend in the U.S telecom industry. If the proposed acquisition of T-Mobile USA by AT&T (T) gets regulatory approval then we believe Brightpoint may lose one of its prime...
24Jun2011 | vitalstocks | 0 comments | Continued(RIMM) Research In Motion Analyst Downgrades Shares to Underperform
The nightmare of Research In Motion Ltd. (RIMM) continues and so far the company has failed to provide any specific time frame when its free fall will come to an end. Ever since Apple Inc.’s (AAPL) iPhone hit the market, Research In Motion started losing its leadership position....
24Jun2011 | vitalstocks | 0 comments | Continued(AKS) AK Steel Holding To Buy Raw Material
With the gradual increase in the iron ore and coking coal prices due to increase in demand, AK Steel Holding Corporation (AKS) might consider obtaining raw material assets from outside. Acquiring pieces and parts of raw materials will help the company in lowering its costs. The...
24Jun2011 | vitalstocks | 0 comments | Continued(RAD) Rite Aid Narrows Loss
Leading drugstore chain operator Rite Aid Corp. (RAD) posted a net loss of $63.1 million in the first quarter of fiscal 2012 compared with a loss of $73.7 million in the year-ago period. The quarterly loss per share of 7 cents not only improved from the prior-year quarter loss...
24Jun2011 | vitalstocks | 0 comments | Continued(BA) The Boeing-Airbus Dogfight
by Tony D’Altorio, Investment U Research Friday, June 24, 2011 The sounds of combat in the air were heard over Paris this week… No, it wasn’t a re-enactment of a World War II air battle. It’s just the annual Paris Air Show. The annual event marks yet another skirmish...
24Jun2011 | InvestmentU | 0 comments | Continued(DIN) Middle-East to Taste DineEquity
California-based DineEquity Inc. (DIN), which operates approximately 3,500 Applebee’s and IHOP restaurants, recently announced the inking of a multi-restaurant franchisee agreement with Kuwait-based M.H. Alshaya Co., to expand its IHOP brand in the Middle East. However,...
24Jun2011 | vitalstocks | 0 comments | Continued(PFE) Pfizer and Acura Pharmaceuticals Win FDA Approval for Oxecta
Pfizer Inc. (PFE) and partner Acura Pharmaceuticals Inc. (ACUR) recently received US Food and Drug Administration (FDA) approval for their pain treatment, Oxecta (oxycodone). Oxecta (formerly known as Acurox) gained approval for the management of acute and chronic moderate to...
23Jun2011 | vitalstocks | 0 comments | Continued(WY) Weyerhaeuser to Sell Hardwood Unit
Weyerhaeuser Company (WY) recently entered into an agreement to sell its hardwood and industrial products division to American Industrial Partners. Financial terms of the transaction were not disclosed. The transaction is expected to be complete by the month of August this year....
23Jun2011 | vitalstocks | 0 comments | Continued(RF) Regions Financial Settles Mortgage Fraud
According to a regulatory filingfrom the Securities and Exchange Commission (SEC), Regions Financial Corp.’s (RF) subsidiaries Morgan Keegan & Co. and Morgan Asset Management has agreed to pay $200 million to settle down fraud charges related to subprime mortgage-backed...
23Jun2011 | vitalstocks | 0 comments | Continued(PBCT) People’s United Financial Stays Neutral
We are reiterating our Neutral recommendation on People’s United Financial Inc. (PBCT) backed by the company’s better-than-expected first-quarter 2011 earnings. In April, People’s United reported first-quarter 2011 operating earnings per share of 15 cents, surpassing...
23Jun2011 | vitalstocks | 0 comments | Continued(BJRI) BJ’s Restaurants Consolidates in Las Vegas
California-based BJ’s Restaurants, Inc (BJRI) recently announced the opening of a new restaurant in Las Vegas, Nevada. This is the fifth of the company’s targeted 12 to 13 new openings for fiscal 2011. The company intends to drive market share through expansion and the opening...
23Jun2011 | vitalstocks | 0 comments | Continued(JPM) JPMorgan Chase & Company Starts Brokerage Business in Europe
JPMorgan Chase & Co.(JPM) announced the launch of its prime brokerage service in Europe that will cater to the needs of various hedge funds based in Europe, Africa and the Middle East. The launch of the brokerage platform reflects the company’s strategy to provide a wide...
23Jun2011 | vitalstocks | 0 comments | Continued(LEN) Lennar’s Second Quarter Beats Estimates
Lennar Corporation (LEN) reported net earnings of $13.8 million or 7 cents per share in the second quarter of fiscal 2011 ended May 31, 2011, compared with $28.7 million or 15 cents per share in the year-ago quarter. Reported earnings were higher than the Zacks Consensus Estimate...
23Jun2011 | vitalstocks | 0 comments | Continued(WFC) Wells Fargo Analyst Maintains Neutral on Shares
We have reiterated our Neutral recommendation on the shares of Wells Fargo & Co. (WFC). The decision comes following a detailed analysis of the company’s fundamentals, the pace of the Wachovia integration, its decision to acquire substantially all of the U.S.-based operating...
23Jun2011 | vitalstocks | 0 comments | Continued(QSII) Deal for Quality Systems’ NextGen
NextGen Healthcare Information Systems, a fully-owned subsidiary of Electronic Health Record (“EHR”) service provider Quality Systems Inc. (QSII), recently revealed that Benefis Health System has chosen NextGen Ambulatory EHR, NextGen Practice Management and NextGen Health...
23Jun2011 | vitalstocks | 0 comments | Continued(ITW) Illinois Tool Works’ May-end Revenue Update
Illinois Tool Works Inc. (ITW) reported an 18% year-over-year rise in its operating revenues for the three months ended May 31, 2011. The increase records an 8% growth, which can be ascribed to a hike in base revenue and 5% to acquisitions. Currency translation had a positive...
23Jun2011 | vitalstocks | 0 comments | Continued(DFS) Discover Financial Services’ Profit Rockets Up
Discover Financial Services’ (DFS) second quarter earnings per share of $1.09 came in dramatically ahead of both the Zacks Consensus Estimate of 72 cents and 33 cents recorded in the year-ago quarter. Net income spiked substantially by over 132% year over year to $600 million...
23Jun2011 | vitalstocks | 0 comments | Continued(ETP) Energy Transfer Partners and Regency Energy Partners L.P. in Deal
Lone Star LLC –– a joint venture between Energy Transfer Partners (ETP) and Regency Energy Partners L.P. (RGNC) –– announced that it will construct a 530-mile natural gas liquids (NGL) pipeline for $700 million. Energy Transfer will fund 70% of the estimated cost, while...
23Jun2011 | vitalstocks | 0 comments | Continued(LMT) Lockheed Martin Supports Weather Program
Lockheed Martin Corporation (LMT) said it has installed a XLS-band antenna at Andersen Air Force Base, Guam, to help military commanders gather real time weather information for their operations. This antenna is one among the series of six installations to be made worldwide as...
23Jun2011 | vitalstocks | 0 comments | Continued(RIG) Transocean: Blame it on BP!
In an internal investigation report, drilling contractor Transocean Ltd (RIG) – the owner and operator of Deepwater Horizon oil rig at the heart of the Gulf of Mexico (GoM) disaster – has accused British energy giant BP plc (BP) of decisions that led to the biggest environmental...
23Jun2011 | vitalstocks | 0 comments | Continued(KMX) CarMax Profits on Heightened Sales
CarMax Inc.(KMX) posted a 25% rise in profit to $126.3 million or 55 cents per share in the first quarter of the fiscal year ended May 31, 2011from $101.1 million or 44 cents per share in the prior fiscal year-quarter. The profit exceeded the Zacks Consensus Estimate by 8 cents...
23Jun2011 | vitalstocks | 0 comments | Continued(DHI) New Homes Sales Down Less than Expected
New Home Sales in May fell by 2.1% from April, to a rate of 319,000. Relative to a year ago, sales are up 13.5%. While the rebound is more than welcome, it is still a very dismal rate of New Home sales. Offsetting the decline was an upward revision to the April numbers of 3,000...
23Jun2011 | vitalstocks | 0 comments | Continued(EBAY) eBay to Provide Fulfillment Service
Not unsurprisingly, eBay Inc (EBAY) has stated that it would soon be offering a fulfillment service to sellers, similar to the service already being offered by Amazon.com (AMZN), as well as fulfillment companies employed by other online retailers. In fact, the company’s recent...
23Jun2011 | vitalstocks | 0 comments | Continued(PLD) Secondary Offering from Prologis
Prologis Inc. (PLD) – the erstwhile AMB Property Corp., has recently announced plans to offer 30.0 million common shares to raise cash and repay debt. The company will also grant the underwriters an option to purchase an additional 4.5 million shares to cover any over-allotments. BofA...
23Jun2011 | vitalstocks | 0 comments | Continued