Archive for June, 2011
(CMI) Cummins Incorporated – Bull of the Day
Cummins Inc. (CMI) is set to benefit from fuel economy improvements, new emission standards and increased prices. The company’s results improved significantly in the most recent quarter, driven by the truck market recovery in North America and continued strength in non-U.S....
7Jun2011 | vitalstocks | 0 comments | Continued(BA) Boeing Richer Earns Almost $1 Billion in U.S. Air Force Contracts
The Boeing Company (BA) received almost a billion dollar worth of contract from the U.S. Air Force to carry out on three separate contracts. Of the trio the largest contract of $962.5 million is to build five C-17 aircraft for the U.S. Air Force. The C-17 is a large military...
6Jun2011 | vitalstocks | 0 comments | Continued(WMT) Wal-Mart 2012 First Quarter Earnings Beats Estimates
Wal-Mart Stores Inc. (WMT) reported better-than-expected first-quarter 2012 results. The retailing giant reported quarterly earnings of 98 cents a share up by 12.6% over the prior-year earnings of 87 cents a share as well as surpassing the Zacks Consensus estimate by 2 pennies....
6Jun2011 | vitalstocks | 0 comments | Continued(BAC) Bank of America is a Big Friend of Small Business
Bank of America Corp. (BAC) spent $4.1 billion in 2010 toward its five-year commitment to increase spending on small, medium-sized and diverse businesses, the company reported on Monday. This phenomenal amount was expended in just the first year of BofA’s obligation. In June...
6Jun2011 | vitalstocks | 0 comments | Continued(AMZN) Apple Grows Dominance of eReader Monopoly
by Alexander Moschina, Investment U Research Wednesday, May 18, 2011 For independent sellers, competing with the likes of Amazon.com (Nasdaq: AMZN) and Barnes & Noble (NYSE: BKS) in the e-book market was already difficult. But now Apple (Nasdaq: AAPL) is making it even...
6Jun2011 | InvestmentU | 0 comments | Continued(NTRS) Northern Trust Looks To Be On An Acquisition Spree
Northern Trust Corporation (NTRS) is on an acquisition spree. The latest acquisition that the company has agreed to is that of Omnium LLC, a leading hedge fund administrator, from Citadel. The acquisition of Omnium, which has around $70 billion in assets under administration,...
6Jun2011 | vitalstocks | 0 comments | Continued(ADSK) Autodesk 2012 First Quarter Earnings Preview
Autodesk Inc. (ADSK) is scheduled to announce its first quarter 2012 results on May 19, 2011. We do not see any major variation in analysts’ estimates in the run-up to the earnings report. Prior Quarter Recap Autodesk reported fourth quarter 2011 earnings of 27 cents per share,...
6Jun2011 | vitalstocks | 0 comments | Continued(XOM) Big Oil Tax Credits Survive
A bill to scale back multi-billion-dollar tax breaks for major oil firms was defeated in the U.S. Senate on Tuesday. The Democrat-sponsored measure to strip the companies of about $21 billion in tax subsidies over the next 10 years and steer the savings to reduce the federal...
6Jun2011 | vitalstocks | 0 comments | Continued(HON) Honeywell International Settles Lawsuit
Honeywell International Inc.’s (HON) Turbo Technologies business and BorgWarner Turbo Technologies has settled their patent dispute regarding cast titanium compressor wheels used in select commercial vehicle applications. As per the agreement, Honeywell will be paying $32.5...
6Jun2011 | vitalstocks | 0 comments | Continued(SPLS) Staples Incorporated – Bear of the Day
Staples, Inc. (SPLS) posted lower-than-expected first-quarter 2011 results. The quarterly earnings of $0.28 per share missed the Zacks Consensus Estimate of $0.32 and remained flat compared with the prior-year quarter. Given the underperformance, the company took a cautious stance...
6Jun2011 | vitalstocks | 0 comments | Continued(C) Company News for June 6, 2011 – Corporate Summary
• Zynga Inc, one of the largest game makers for Facebook is negotiating with The Goldman Sachs Group, Inc. (NYSE:GS) to head its initial public offering and provide a credit line of over $1 billion, enabling the company to make acquisitions • Wal-Mart Stores Inc....
6Jun2011 | vitalstocks | 0 comments | Continued(XLE) Stock Market News for June 6, 2011 – Market News
After four consecutive weeks of losses, investor hopes were dashed once again this week as weak economic data dragged the indices down to their fifth straight week of losses. On Friday, weak jobs data from the Labor department ensured that indices remained in the red, reflecting...
6Jun2011 | vitalstocks | 0 comments | Continued(CTXS) Citrix Systems Incorporated – Bull of the Day
We upgrade our recommendation on Citrix Systems (CTXS) to Outperform backed by its excellent performance in first-quarter 2011. The company is growing gradually as virtualization and cloud computing becomes essential for large enterprises to reduce costs when the economy begins...
6Jun2011 | vitalstocks | 0 comments | Continued(CVH) Moody’s Might Raise Coventry Ratings
Following the impressive first-quarter earnings results and improved 2011 earnings outlook of Coventry Health Care Inc. (CVH), the rating agency Moody’s Investors Service has kept its debt ratings under review. According to Moody’s, it will seek Coventry’s ability...
5Jun2011 | vitalstocks | 0 comments | Continued(HGR) Hanger Orthopedic Analyst Maintains Outperform on Shares
We reaffirm our Outperform rating on orthotic and prosthetic (O&P) company Hanger Orthopedic (HGR) as we remain upbeat about its business prospects. Earnings for first-quarter fiscal 2011 matched the Zacks Consensus Estimate while profit skyrocketed 55% year over year owing...
5Jun2011 | vitalstocks | 0 comments | Continued(TM) Chrysler Schedules Summer Shutdowns for Earlier Than Usual
Chrysler, 30% owned by Italy’s Fiat SpA (FIATY), has shifted the summer shutdown of three U.S. plants from July to June due to shortage in parts supply on the back of earthquake and tsunami in Japan on March 11 that damaged many parts supplying companies’ plants. With this,...
5Jun2011 | vitalstocks | 0 comments | Continued(UNP) Union Pacific Analyst Maintains Neutral on Shares
We reaffirm our long-term Neutral recommendation on Union Pacific Corp. (UNP). The company reported mixed financial results in the first quarter of 2011. Revenue easily beats the Zacks Consensus Estimate, while EPS fell below it. In the last quarter, Union Pacific improved year...
5Jun2011 | vitalstocks | 0 comments | Continued(RTN) Raytheon Wins $84.7 Million US Navy Deal
Defense contractor Raytheon Company (RTN) announced the receipt of an $84.7 million contract from the U.S. Navy to continue with the production of ALR-67(V) 3 digital radar warning receivers. U.S. Naval Air Systems Command, Patuxent River, Maryland, awarded the contract to Raytheon. The...
5Jun2011 | vitalstocks | 0 comments | Continued(SNDK) SanDisk Riding High on SSDs
SanDisk Corporation (SNDK) recently inked a deal with ASUSTeK Computer Incorporated. Financial terms of the deal were not disclosed. Popularly known by its brand name ASUS, ASUSTeK Computer manufactures motherboards, laptops, servers and mobile phones. The company also produces...
5Jun2011 | vitalstocks | 0 comments | Continued(BMC) BMC Software Bundles a Bunch of Deals
BMC Software Inc. (BMC) ended last week on a high note with four consecutive deal wins in its kitty. ITS InfoCom, an Information Technology (IT) solution provider, deployed BMC Software’s Remedy IT Service Management (ITSM) Suite. ITS InfoCom provides its customers with integrated...
5Jun2011 | vitalstocks | 0 comments | Continued(CAT) Caterpillar-Bucyrus International Deal Gets DOJ Nod
Caterpillar Inc’s (CAT) pending $8.6 billion buyout of Bucyrus International Inc. (BUCY) is now a step closer to being finalized as it has received a go-ahead by the U.S. Department of Justice. The clearance will allow the acquisition to be clinched by mid 2011 subject to other...
4Jun2011 | vitalstocks | 0 comments | Continued(CVS) CVS Caremark Analyst Maintains Neutral on Shares
Recently, we reiterated our Neutral recommendation on CVS Caremark Corporation (CVS) with a target price of $41.00. CVS Caremark reported an adjusted EPS of 57 cents in the first quarter of 2011, beating the Zacks Consensus Estimate of 55 cents but trailing the year-ago quarter’s...
4Jun2011 | vitalstocks | 0 comments | Continued(HPQ) Hewlett-Packard Secures Healthways Deal
The largest PC manufacturer Hewlett-Packard Company (HPQ) recently secured a 10-year outsourcing contract worth $380.0 million from Healthways Inc. As per the terms of the agreement, the PC maker will provide applications development solutions and IT management services to Healthways. This...
4Jun2011 | vitalstocks | 0 comments | Continued(GD) General Dynamics Gets Follow-on Contract
General Dynamics Information Technology, a business unit of General Dynamics (GD), was awarded a follow-on task order to continue providing claims processing support to the Department of Health and Human Services’ Centers for Medicare and Medicaid Services (CMS). The contract...
4Jun2011 | vitalstocks | 0 comments | Continued(BHI) Baker Hughes Reports Rig Increase – 1847 Domestic Rigs at Work
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...
4Jun2011 | vitalstocks | 0 comments | Continued(MSFT) Microsoft Embraces A Mobile Computing Revolution
Just months after Microsoft Corp (MSFT) announced that it would design an operating system based on ARM Holdings’ (ARMH) chip technology, the company showcased its Windows 8 software. The decision marks Microsoft’s divergence from its traditional partner Intel Corp (INTC),...
4Jun2011 | vitalstocks | 0 comments | Continued(MCD) Demographics of Joblessness – Part 1
This month’s employment report was deeply disappointing, and would have been shockingly low if we didn’t get the heads up from the very weak ADP report on Wednesday. The rate of job creations slowed dramatically to just a total of 54,000, from 232,000 in April, and far below...
4Jun2011 | vitalstocks | 0 comments | Continued(WMT) Demographics of Joblessness – Part 2
Private Sector Results The private sector added 83,000 jobs, way down from an increase of 251,000 jobs in April (revised down from 268,000). In March, the private sector added 219,000 jobs (revised down from 231,000 and an initial read of 230,000). The private sector job growth...
4Jun2011 | vitalstocks | 0 comments | Continued(ADP) Stock Market News for June 3, 2011 – Market News
A volatile day of trading came to a close with benchmarks ending in the red and as it stands there are now clear signs of markets heading into a fifth consecutive week of losses. Investors refrained from betting big ahead of the crucial jobs report from the Labor Department,...
3Jun2011 | vitalstocks | 0 comments | Continued(AFFX) Company News for June 03, 2011 – Corporate Summary
• Joy Global Inc. (NASDAQ:JOYG) posted Q2 EPS of $1.52, higher than the Zacks Consensus Estimate of $1.35 per share. Revenue for the quarter grew 19% to $1.06 billion, beating the Zacks Consensus Estimate of $1.038 billion • According to reports, Ford Motor Co...
3Jun2011 | vitalstocks | 0 comments | Continued