Archive for June, 2011
(CL) Consumer Staples Stock Outlook – June 2011 – Industry Outlook
Stocks in the Consumer Staples sector have traditionally performed better than the stock market, and especially cyclical companies, during market declines. We are seeing evidence of this at present — consumer staple stocks have started shining again as concerns about the...
3Jun2011 | vitalstocks | 0 comments | Continued(MCO) Who Gains from Jumbo Mortgage?
According to a report published in TheStreet on Tuesday, Moody’s Investors Service, a wing of Moody’s Corp. (MCO), has said that many U.S. banks, which produce jumbo mortgage loans and have the power to independently sell these, could enjoy higher earnings as government...
3Jun2011 | vitalstocks | 0 comments | Continued(JPM) U.S. Foreclosed Home Sales Down
On Wednesday, data released by RealtyTrac, the leading online marketplace of foreclosure properties, showed that the total number of foreclosed properties sold in the first quarter of 2011 was 158,434, down 16% from the prior quarter and 36% from the prior-year quarter. Also,...
3Jun2011 | vitalstocks | 0 comments | Continued(EIA) U.S. Energy Department Reports Natural Gas Supplies Up by 105 Bcf
The U.S. Energy Department’s weekly inventory release showed a larger-than-expected build-up in natural gas supplies on the back of an increase in domestic production. This was partially offset by warmer temperatures in major population centers of the country, which led...
3Jun2011 | vitalstocks | 0 comments | Continued(HMC) Expensive Cars Hurt Auto Sales
Auto sales in the U.S. dipped 3.7% on a year-over-year basis to 1.06 million vehicles in May, which is equivalent to an annualized rate of 11.8 million vehicles. It has touched the lowest rate in 8 months since 11.76 million vehicles recorded in September 2010. The decrease in...
3Jun2011 | vitalstocks | 0 comments | Continued(IT) IBM Expands in East Africa
A leading provider of Information technology (IT) solutions and services, IBM Corp. (IBM) continued its expansion policies in Africa by opening a new office in Dar es Salaam, Tanzania. The Dar es Salaam office is a part of IBM’s East Africa operations and will complement IBM’s...
3Jun2011 | vitalstocks | 0 comments | Continued(CENT) Central Garden & Pet – Bull of the Day
Central Garden & Pet Co. (CENT) recently posted better-than-expected second-quarter 2011 results. The quarterly earnings of $0.54 per share beat the Zacks Consensus Estimate of $0.49 and rose 10.2% from the prior-year quarter. Being the leading producer of garden and pet...
3Jun2011 | vitalstocks | 0 comments | Continued(UTI) Universal Tech Institute – Bear of the Day
Universal Technical Institute’s (UTI) average enrollment of the educational institute rose 8.5% in the first quarter but dropped 690 basis points sequentially. Moreover, the rate of fall in the new enrollments accelerated to 13% during the quarter, following a decline of...
3Jun2011 | vitalstocks | 0 comments | Continued(RDY) Dr. Reddy’s Laboratories Continues to Grow
Dr. Reddy’s Laboratories (RDY) reported fiscal 2011 earnings per American Depositary Share (ADS) of $1.50 compared with 10 cents per ADS posted in fiscal 2010. Higher revenues and lower operating expenses helped boost earnings. Year at a Glance The company reported revenues...
3Jun2011 | vitalstocks | 0 comments | Continued(RMBS) Rambus to Acquire Cryptography Research
Rambus Inc. (RMBS) announced it will acquire privately held Cryptography Research Inc. under a definitive agreement. The total consideration of $342.5 million will comprise $167.5 million in cash, roughly 6.4 million in shares of Rambus stock and $50 million in cash or stock...
2Jun2011 | vitalstocks | 0 comments | Continued(BAC) Big Banks Raise Fees – Lose Customers
Some of the big U.S. banks are running the risk of losing millions of customers this year following rises in many of their fees, USAToday.com reported yesterday. Increased or new fees along with the retraction of debit card reward programs are making it difficult for customers...
2Jun2011 | vitalstocks | 0 comments | Continued(NOC) Northrop Grumman to Cut Jobs
Northrop Grumman Corporation (NOC) announced its plans to lay off about 200 employees by the end of May. Per company spokesman Jack Martin Jr. the four Baltimore-area facilities: the Electronic Systems division’s Linthicum headquarters and facilities in Annapolis, Sykesville...
2Jun2011 | vitalstocks | 0 comments | Continued(JCP) J. C. Penney Beats Expectations – Lifts Outlook
J. C. Penney Company Inc. (JCP), a leading retailer of apparel and footwear, accessories, fashion jewelry, beauty products and home furnishings, recently delivered better-than-expected first-quarter 2011 results on the heels of improved and exclusive merchandise assortments,...
2Jun2011 | vitalstocks | 0 comments | Continued(PBR) Petrobras: Another Strong Quarter
Brazilian state-run energy giant Petroleo Brasileiro S.A. (PBR), or Petrobras S.A., announced its first quarter earnings of R$10,985.0 million or R$0.84 per share, compared with R$7,726.0 million or R$0.88 per share in the year-earlier quarter. Per share profitability dropped...
2Jun2011 | vitalstocks | 0 comments | Continued(XOM) Exxon and SABIC Award Kemya Saudi Arabia Contracts
Oil giant ExxonMobil Corp.’s (XOM) affiliate, ExxonMobil Chemical and Saudi Basic Industries Corp., (SABIC) awarded engineering and design contracts for their joint synthetic rubber project, Kemya, in Saudi Arabia. The contracts cover front-end engineering and design (FEED)...
2Jun2011 | vitalstocks | 0 comments | Continued(LPS) Lender Processing – Bear of the Day
Lender Processing Services’ (LPS) first-quarter 2011 results were a mixed bag. We are concerned about the high debt on its balance sheet as well as challenging origination and default market. There is also a possibility of further foreclosure delays. Moreover, the company...
2Jun2011 | vitalstocks | 0 comments | Continued(XLF) Stock Market News for June 2, 2011 – Market News
Markets came to a halt after a positive run for four consecutive trading days as weak economic data and a downgrade of Greece’s credit rating dampened investor sentiment on the opening day of the month. Benchmarks also suffered their worst drop since August 11, 2010 amidst...
2Jun2011 | vitalstocks | 0 comments | Continued(ACM) Company News for June 02, 2011 – Corporate Summary
• Shares of H.J. Heinz Co (NYSE:HNZ) were downgraded by Goldman Sachs (NYSE:GS) from “Neutral” rating to “Sell” rating and its target price lowered to $49 from $53 • Share prices of Daktronics, Inc. (NASDAQ:DAKT) increased 9.21% after the...
2Jun2011 | vitalstocks | 0 comments | Continued(SIRI) SIRIUS XM Radio – Bull of the Day
We upgrade our recommendation on SIRIUS XM Radio (SIRI) to Outperform based on better business visibility of the company. An improving U.S. auto sector and a rise in consumer spending will sustain SIRIUS XM’s near-term growth. Management maintained its full-year 2011 revenue...
2Jun2011 | vitalstocks | 0 comments | Continued(DHI) New Home Sales Report Up But Still Ugly
New Home Sales in April rose by 7.3% from April, to a rate of 323,000. Relative to a year ago, sales are down 23.1%. While the rebound is more than welcome, it is still a very dismal rate of New Home sales. In additional good news about the direction of new home sales, the March...
1Jun2011 | vitalstocks | 0 comments | Continued(CME) Meet New Zacks Senior Stock Strategist Kevin Cook
Hello fellow investors! My name is Kevin Cook and I just joined the Zacks.com team as a Senior Stock Strategist. I can’t wait to share with you all the ways we can work together to not simply survive in this market, but to thrive in it! But, first things first…I want...
1Jun2011 | vitalstocks | 0 comments | Continued(DHI) Double Dip in Housing is Official – ValuEngine.com Chief Market Strategist Suttmeier
The latest Case-Shiller data–released today, confirms that housing prices in the U.S. are suffering from a double dip. Home prices fell 4.2% in the first quarter of 2011 and have a hit a new post-bubble low. To make matters worse, 60% of the component cities in the...
1Jun2011 | valuengine | 0 comments | Continued(AGYS) Company News for June 01, 2011 – Corporate Summary
• Ship builder General Dynamics Corp.’s (NYSE:GD) share prices rose 4.15% to $74.22 after the company after it announced that it would receive an additional $744 million from the Defense Department which has expanded a preexisting contract • Analysts at Piper...
1Jun2011 | vitalstocks | 0 comments | Continued(AAPL) Stock Market News for June 1, 2011 – Market News
After a volatile trading session, indices finally ended with modest gains buoyed by optimism over Greece’s new plans to tackle its debt crisis. However, on a monthly basis, benchmarks were left lingering in the red. Markets had dropped down during the session as weak economic...
1Jun2011 | vitalstocks | 0 comments | Continued