Archive for June, 2011
(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...
17Jun2011 | vitalstocks | 0 comments | Continued(SHLD) Sears Holding Corporation – Bear of the Day
Sears Holdings Corp. (SHLD) disappointed with its overall first-quarter 2011 results. The company posted a quarterly loss of $1.39 per share that plunged drastically from the prior-year quarter earnings of $0.16 primarily due to sluggish top-line performance. Management’s...
17Jun2011 | vitalstocks | 0 comments | Continued(BMY) Bristol-Myers Squibb Company Gets Another Feather in its Cap
Bristol-Myers Squibb Company’s (BMY) product portfolio was boosted further when the US Food and Drug Administration (FDA) approved its drug Nulojix (belatacept) to prevent the rejection of transplanted kidneys in adults. We remind investors that Bristol-Myers has succeeded...
17Jun2011 | vitalstocks | 0 comments | Continued(JNJ) Johnson & Johnson to Discontinue Cypher Stent
Cordis Corporation, a Johnson & Johnson (JNJ) company, recently announced that it will stop manufacturing Cypher and Cypher Select Plus sirolimus-eluting coronary stents by year end. The company will also discontinue the development of Nevo sirolimus-eluting coronary stent....
16Jun2011 | vitalstocks | 0 comments | Continued(AET) Aetna Gets Approval From Centers for Medicare & Medicaid Services
Aetna Inc. (AET) has recently revealed that it has finally got green signal from the Centers for Medicare & Medicaid Services (CMS), to market its Medicare Advantage and Prescription Drug Plan products. In April 2010, the company was banned from offering these products to...
16Jun2011 | vitalstocks | 0 comments | Continued(PEP) Pepsi Gets New Credit Facility
Going by Bloomberg, the leading global snack food and beverages company, PepsiCo Inc. (PEP), has entered into a new four-year unsecured revolving credit agreement with a consortium of world’s leading investment bankers for optimizing its capital structure. Citicorp (C),...
16Jun2011 | vitalstocks | 0 comments | Continued(HGR) Hanger Orthopedic Adopts NextGen Healthcare Solutions
Leading orthotic and prosthetic (O&P) company Hanger Orthopedic (HGR) has partnered with NextGen Healthcare, the wholly-owned subsidiary of Quality Systems’ (QSII). Under the collaboration, Hanger will implement NextGen’s Ambulatory electronic health record (“EHR”)...
16Jun2011 | vitalstocks | 0 comments | Continued(KFY) Korn/Ferry – Barchart Chart of the Day
Barchart.coms Chart of the Day – Korn/Ferry (KFY) Barchart Research Team – Barchart.com – Wed Jun 15, 6:02PM CDT Related Stocks KFY – Korn/Ferry International Sym Last Chg Pct KFY 22.95 +1.43 +6.64% The “Chart of the Day” is...
16Jun2011 | Shawn | 0 comments | Continued(BAC) U.S. Credit Card Defaults Continue to Decrease
Regulatory filings by major credit card companies for the month of May have shown a continuous declining trend in credit card defaults, with rates dropping to the pre-crisis level. On Wednesday, five of the nation’s top six credit card companies reported a decline in card...
16Jun2011 | vitalstocks | 0 comments | Continued(BBY) e-Commerce Stock Outlook – June 2011 – Industry Outlook
The Electronic Commerce, or e-commerce, industry is one of the most developing sectors of the economy. The industry is evolving very rapidly, so data collection and evaluation are particularly difficult. Consequently, one has to rely largely on surveys by both government and...
16Jun2011 | vitalstocks | 0 comments | Continued(EIA) U.S. Energy Department Weekly Report Shows Crude and Distillate Stocks Drop
The U.S. Energy Department’s weekly inventory release showed that crude and distillate stockpiles moved downwards, while gasoline supplies rose for the sixth straight week. Meanwhile, refiners reduced processing rates by 1.1%. The Energy Information Administration (EIA)...
16Jun2011 | vitalstocks | 0 comments | Continued(AAPL) Apple Remains a Buy According to ValuEngine.com$$
Apple Computer, Inc. (AAPL) designs, manufactures and markets personal computers and related personal computing and communicating solutions for sale primarily to education, creative, consumer, and business customers. We spoke yesterday about Apple losing its retail guru to the...
16Jun2011 | valuengine | 0 comments | Continued(XLF) Stock Market News for June 16, 2011 – Market News
Disappointing economic data combined with concerns over Greece to drag the markets lower yet again, on Wednesday. This development significantly diminishes the possibility of benchmarks avoiding their seventh straight week of losses. Financials, materials and energy dragged the...
16Jun2011 | vitalstocks | 0 comments | Continued(KONA) Kona Grill’s CFO Resigns
Scottsdale-based Kona Grill, Inc (KONA) recently announced that its Chief Financial Officer (CFO) and President Marc A. Buehler has resigned to pursue other opportunities. Buehler joined the American grill and sushi bar company as the CFO and President in November 2009 and took...
16Jun2011 | vitalstocks | 0 comments | Continued(MRGE) Merge Healthcare Issues Senior Notes
Healthcare information software solutions provider, Merge Healthcare (MRGE) recently announced a private offering of $52 million of 11.75% senior secured notes. The issue price is 103% of the principal amount of the notes, which will mature in 2015. The offer closes on June 14,...
16Jun2011 | vitalstocks | 0 comments | Continued(ANGO) Company News for June 16, 2011 – Corporate Summary
• Share prices of Scotts Miracle-Gro Company (NYSE:SMG) dipped 6.02% after the company reduced its earnings estimate for the fiscal year 2011 • Shares of Owens-Illinois (NYSE:OI) dropped 13.54% to close at $25.54 after the company said its second quarter earnings...
16Jun2011 | vitalstocks | 0 comments | Continued(ATVI) Activision Blizzard Launches War of Transformers
Even before the release of the film, Transformers’ fans can play Activision Blizzard Inc.’s (ATVI) Transformers: Dark of the Moon and experience the thrilling battle between the AUTOBOTS and DECEPTICONS. The game has been created by High Moon Studios and the theme and characters...
16Jun2011 | vitalstocks | 0 comments | Continued(VPHM) ViroPharma’s HAE Drug Gets EU Nod
ViroPharma Inc. (VPHM) recently announced that the European Commission (EC) granted Centralized Marketing Authorization to Cinryze for the treatment of hereditary angioedema (HAE). The drug is indicated for the treatment of pre-procedure prevention of angioedema attacks in adults...
16Jun2011 | vitalstocks | 0 comments | Continued(ORCL) Oracle and Hewlett-Packard Entangled in Lawsuit
Oracle Corp. (ORCL) has been sued by Hewlett-Packard Co. (HPQ) better known as HP, claiming breach of contract and anticompetitive behavior. The legal suit was filed on the basis of a formal legal demand, which HP sent to Oracle on June 8, 2011, asking the latter to reverse its...
16Jun2011 | vitalstocks | 0 comments | Continued(HOT) Starwood Hotels and Resorts Worldwide “W” Brand Hotels Reach Russia
Starwood Hotels and Resorts Worldwide Inc. (HOT) with its luxury boutique hotel brand W Hotels Worldwide is all set to expand its footprint in Russia, which is considered as one of the fastest growing markets. The company has recently partnered with Real Estate Development Ltd...
16Jun2011 | vitalstocks | 0 comments | Continued(QCOM) Qualcomm Analyst Maintains Neutral on Shares
We are maintaining our cautious stance on Qualcomm Inc. (QCOM) despite the company’s improved performance in the second quarter of 2011. Qualcomm, the largest global manufacturer of mobile phone chipsets, reported solid second quarter 2011 financial results where both the top...
16Jun2011 | vitalstocks | 0 comments | ContinuedBullish Sentiment Rebounds; Bearish Sentiment Stays Unusually High – AAII Sentiment Survey
June 16, 2011 Bullish sentiment rebounded in the latest AAII Sentiment Survey. Optimism that stock prices will rise over the next six months rose 4.6 percentage points to 29.0%. Despite the improvement, this is the ninth consecutive week that bullish sentiment is below its historical...
16Jun2011 | Shawn | 0 comments | Continued(NFC) NXP Semiconductor: Cashing In on Mobile Transactions with Google Wallet
by Marc Lichtenfeld, Investment U’s Senior Analyst Thursday, June 16, 2011: Issue #1536 Every so often, when a new technology appears, it becomes blatantly obvious that it will change the way we live, even before it becomes widely adopted. Anyone who was around during the...
16Jun2011 | InvestmentU | 0 comments | Continued(AES) AES Corporation Opens New Power Plant
The AES Corporation (AES) has opened a coal-fired power plant at Galabovo in southeastern Bulgaria worth $1.74 billion with an initial capacity of 420 megawatts (MW). It is expected to reach 100% capacity of 600 MW by the end of fiscal 2011, which accounts for 9% of Bulgaria’s...
16Jun2011 | vitalstocks | 0 comments | Continued(WPI) Watson Pharmaceuticals Seeks Generic Viagra Approval
Watson Pharmaceuticals Inc. (WPI) recently announced that it has filed an Abbreviated New Drug Application (ANDA) with the US Food and Drug Administration (FDA) to market its generic version of Pfizer Inc.’s (PFE) erectile dysfunction (ED) drug, Viagra sildenafil citrate tablets. In...
16Jun2011 | vitalstocks | 0 comments | Continued(MSFT) Can Microsoft Regain Lost Ground?
by Tony D’Altorio, Investment U Research Monday, June 6, 2011 The past few weeks have not been kind to Microsoft (Nasdaq: MSFT) shareholders. They already resigned themselves to Apple (Nasdaq: AAPL) boasting better market capitalization last year. But last week, even IBM...
16Jun2011 | InvestmentU | 0 comments | Continued(MAR) Marriott International Analyst Maintains Neutral on Shares
We are maintaining our long-term Neutral recommendation on Marriott International Inc. (MAR), a worldwide operator and franchisor of a broad portfolio of hotels and related lodging facilities. Marriott’s first quarter 2011 earnings missed the Zacks Consensus Estimate by a penny,...
16Jun2011 | vitalstocks | 0 comments | Continued(QCOM) Qualcomm Set to Power More Handsets
Qualcomm Inc.(QCOM), the largest global manufacturer of mobile phone chipsets, is ready to supply its popular snapdragon microprocessors to 250 more handset devices. The company is already providing its chipsets to 125 handheld devices. Qualcomm’s microprocessors, popularly...
16Jun2011 | vitalstocks | 0 comments | Continued(DUK) Duke Energy Seeks Higher Rates
Duke Energy Corporation’s (DUK) subsidiary Duke Energy Carolinas has filed a notice with North Carolina regulators that it will apply for a rate increase on July 1, 2011. The company expects the higher rates will go into effect from January 1, 2012. Duke Energy’s recent plan...
16Jun2011 | vitalstocks | 0 comments | Continued(NOK) Nokia Analyst Maintains Neutral on Shares
We maintain our long-term Neutral recommendation on Nokia Corp. (NOK). Nokia is currently is in a state of mess. Recently, management declared that the company will not be able to reach any where near to its previous financial guidance for the second-quarter 2011. Consequently,...
16Jun2011 | vitalstocks | 0 comments | Continued