Archive for June, 2011
(AAPL) Apple Unveils New Software
Apple Inc. (AAPL) recently launched a new cloud service and a bunch of software in its highly anticipated annual Worldwide Developers Conference (WWDC). However, Apple did not launch any new hardware device in the first day of this year’s conference, thereby breaking the trend...
9Jun2011 | vitalstocks | 0 comments | Continued(UNP) U.S. Railroads Facing Lawsuit
Yesterday, in a major development, which may have a far reaching consequence, the Oxbow Carbon & Minerals LLC sued two major U.S. freight railroads, Union Pacific Corp. (UNP) and Burlington Northern Santa Fe Corp. (BNSF). Privately heldOxbow, which mines and markets coal...
9Jun2011 | vitalstocks | 0 comments | Continued(GS) The Goldman Sachs Group Sells Litton to Ocwen
On Monday, The Goldman Sachs Group Inc. (GS) announced the sale of its mortgage-servicing subsidiary, Litton Loan Servicing to Ocwen Financial Corp. (OCN) for about $263.7 million. Some of the assets of Litton will be retained by Goldman, which is not reflected in the sale price....
9Jun2011 | vitalstocks | 0 comments | Continued(S) Sprint Nextel Offers More 4G from Sprint
The third-largest U.S. wireless carrier Sprint Nextel Corp. (S) will launch a 4G handset “HTC EVO 3D” and 4G tablet “HTC EVO View 4G” on June 24. HTC EVO 3D America’s first glasses-free 3D 4G device, will be priced at $199.99 and HTC EVO View 4G, the first 4G tablet,...
9Jun2011 | vitalstocks | 0 comments | Continued(MRO) Marathon Spin-off Clears SEC Hurdle
Following completion of the review process by U.S. Securities and Exchange Commission (“SEC”) and declaration of the ‘Registration Statement’ as effective, leading integrated energy firm Marathon Oil Corporation (MRO) has completed all regulatory requirements on its way...
9Jun2011 | vitalstocks | 0 comments | Continued(ING) ING Group – Lone Finance Bright Spot in ValuEngine.com Stock Screen
ING Group (ING) the Lone Finance Bright Spot in ValuEngine.com Stock Screen While finance stocks have not made the grade from our proprietary models as of late, ING GROEP (ING) turned up highly-rated in a screen for liquid stocks with low p/e ratios, high undervaluation ranks,...
9Jun2011 | valuengine | 0 comments | Continued(NSM) Three Simple Steps to Predicting Takeover Targets
by Louis Basenese, Chief Investment Strategist, Wall Street Daily Friday, June 3, 2011: Issue #1527 Global merger and acquisitions activity volume just surpassed the $1-trillion mark. Not only that, but the market also hit that milestone six weeks earlier than it did last year. Why...
9Jun2011 | InvestmentU | 0 comments | Continued(RCI) Look to Dividends for Income
With the 10-year T-note yielding only 3.06%, those investors interested in getting income from their investments are in sort of a tough place. Dividend-paying stocks are a very good place to look for a replacement. One thing you know for sure is that the coupon payment on a 10-year...
9Jun2011 | vitalstocks | 0 comments | Continued(ADP) Automatic Data Processing Report Disappoints Big
With the May non-farm payroll report coming out Friday morning, the market’s focus remains on the labor market. And we got a less-than-reassuring glimpse of the jobs picture through the weaker-than-expected report this morning from payroll processor Automatic Data Processing...
9Jun2011 | vitalstocks | 0 comments | Continued(BA) Boeing to Cater to Chinese Demands
Aerospace and defense giant The Boeing Company (BA) announced that it has inked a deal with China Southern Airlines, one of China’s major air carriers, to supply six Boeing 777 freighters. The six aircraft, to be delivered between 2013 and 2015, carry a listed price of...
9Jun2011 | vitalstocks | 0 comments | Continued(SBUX) Starbucks Coffee Gets Expensive
Starbucks Corp. (SBUX) replicated many coffee retailers by increasing the price of packaged coffee to combat the record 125 per cent steep climb in Arabica coffee prices. Starbucks recently raised its prices and announced a 17 per cent hike in the price of its packaged coffee. Analysts...
9Jun2011 | vitalstocks | 0 comments | Continued(PLCM) Polycom’s Strategic Move
In a major strategic move yesterday, Polycom Inc. (PLCM), a market leader in the video conferencing solutions in the world, has taken quite a number of decisions to consolidate its market position. (1) Polycom has formed a consortium of open video exchange cloud with 14 leading...
9Jun2011 | vitalstocks | 0 comments | Continued(JPM) Debt Ceiling Raise: Yea or Nay?
House Republicans will vote tonight on a bill to raise the current $14.3 trillion federal debt ceiling by another $2.4 trillion, according to House Majority Leader Eric Cantor. Though the government hit the debt ceiling on May 16, it still has buffer time until August 2 to avoid...
9Jun2011 | vitalstocks | 0 comments | Continued(HDB) HDFC Bank Limited – ADS- Bear of the Day
HDFC Bank, Ltd.’s (HDB) fiscal fourth quarter 2011 (ended March 31, 2011) net earnings were up 33.2% year over year. However, higher operating expenses were among the negatives. The company is still exposed to the threat related to higher cost of funds. Also, growing competition...
9Jun2011 | vitalstocks | 0 comments | Continued(LBTYA) Jabil Circuit – Bull of the Day
We upgrade our recommendation on Liberty Global, Inc. (LBTYA) to Outperform, backed by the company’s excellent financial results for the first quarter of 2011. Long-term potential of Liberty Global is visible now after its decision to acquire the third-largest cable operator...
9Jun2011 | vitalstocks | 0 comments | Continued(ALK) Stock Market News for June 9, 2011 – Market News
Federal Reserve Chairman Ben Bernanke’s comments on the frustratingly slow pace of economic growth continued to dampen investor sentiment. Additionally, the Fed’s Beige Book that was released on Wednesday failed to provide any impetus to the markets as they registered their...
9Jun2011 | vitalstocks | 0 comments | Continued(AAPL) Company News for June 09, 2011 – Corporate Summary
• Research In Motion (NASDAQ:RIMM) has purchased Scoreloop, a Munich-based social gaming company. The acquisition will enhance the Blackberry maker’s messenger application as it looks to compete against Apple (NASDAQ:AAPL) and other companies. • Oil company...
9Jun2011 | vitalstocks | 0 comments | Continued(BP) World, U.S. Oil Production Rises in 2010
World oil production rebounded by 2.2% in 2010 to reach 82.095 million barrels per day (B/D), up from 80.278 million B/D in 2009, but virtually unchanged from 2008 levels. World oil consumption, though, increased by 3.1% to hit 87.382 million B/D. Due to the inclusion of non-oil...
9Jun2011 | 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...
9Jun2011 | vitalstocks | 0 comments | Continued(ERJ) Embraer S.A. – ADS – Bull of the Day
Embraer S.A. – ADS (ERJ) posted strong results in the first quarter of fiscal 2011 with EPADS of $0.58, surpassing the Zacks Consensus Estimate of $0.34. The company’s higher sales, improved margins, strong firm order backlog and solid cash management strategy appear...
9Jun2011 | vitalstocks | 0 comments | Continued(HCP) REIT Industry & Stock Outlook – June 2011 – Industry Outlook
The U.S. Real Estate Investment Trust (REIT) industry has sustained the improving trend this year, driven by a largely increased inflow of funds as institutional investors allocated more capital to the industry. This has helped the group generate market-beating returns. The FTSE...
9Jun2011 | vitalstocks | 0 comments | Continued(C) Company News for June 08, 2011 – Corporate Summary
• International Paper Company (NYSE:IP) offered to buy Temple-Inland (NYSE:TIN) in a deal worth $3.38 billion. Reacting to this development, share prices of Temple-Inland rose 40.36% to close at $29.49 • Share prices of Skyworks Solutions, Inc. (NASDAQ:SWKS) increased...
8Jun2011 | vitalstocks | 0 comments | Continued(BAC) Stock Market News for June 8, 2011 – Market News
On Tuesday, Ben Bernanke said US economic growth remained “frustratingly slow from the perspective of millions of unemployed and underemployed workers”. Such comments from the Federal Reserve Chairman kept the investors bearish as the markets suffered losses for the fifth...
8Jun2011 | vitalstocks | 0 comments | Continued(AKRX) Company News for June 07, 2011 – Corporate Summary
• Share prices of home nursing provider Amedisys, Inc.(NASDAQ:AMED) fell 7.41% after CRT Capital reduced its earnings estimates for fiscal 2011 • According to Canaccord Genuity, data from a trial of Exelixis, Inc’s (NASDAQ:EXEL) cancer-drug candidate could...
7Jun2011 | vitalstocks | 0 comments | Continued(XLF) Stock Market News for June 7, 2011 – Market News
Investor sentiment continued to remain bearish for the fourth straight trading day on Monday, as weak economic data dragged the indices to hit 2.5 months lows. Financials, energy and airline stocks dropped modest points and benchmarks may record their longest losing streak since...
7Jun2011 | vitalstocks | 0 comments | Continued(EIA) Natural Gas Inventory Builds as Pace Slows
The U.S. Energy Department’s weekly inventory release showed a smaller-than-expected build-up in natural gas supplies on the back of warmer temperatures in major population centers of the country, which led to intensified natural gas demand from electric power plants to...
7Jun2011 | vitalstocks | 0 comments | Continued(EIA) U.S. Crude Oil Stocks at Two-Year High
The U.S. Energy Department’s weekly inventory release showed an unexpected increase in crude stockpiles – currently at their highest level in two years, while gasoline supplies rose for the fourth straight week. However, the distillate numbers were quite bullish with...
7Jun2011 | vitalstocks | 0 comments | Continued(ENZN) Enzon Pharmaceuticals – Bear of the Day
Enzon Pharma’s (ENZN) first quarter 2011 net loss of $0.07 per share was narrower than the year-ago loss of $0.20 due to substantial cost cutting by management. The discontinuation of the development of PEG-SN38 for mCRC was a major blow to Enzon, leaving it with just one...
7Jun2011 | vitalstocks | 0 comments | Continued(JPM) U.S. Bank Failures in 2011 Move to 45
Last Friday, U.S. regulators shuttered Charleston, South Carolina-based Atlantic Bank and Trust, taking the number of failed banks thus far in 2011 to 45. This follows 157 bank failures in 2010, 140 in 2009 and 25 in 2008. While the financials of bigger banks have been stabilizing...
7Jun2011 | vitalstocks | 0 comments | Continued(BHI) U.S. Drilling Rig Count Moves Up to 1854
In its weekly release, Houston-based oilfield services company Baker Hughes Inc. (BHI) reported a rise in the U.S. rig count (number of rigs searching for oil and gas in the country), primarily reflecting an increase in the tally of land rigs. In particular, there were more rigs...
7Jun2011 | vitalstocks | 0 comments | Continued