Archive for June, 2011
(FST) Forest Oil Corporation Analyst Maintains Neutral on Shares
We are reiterating our Neutral recommendation on Denver-based Forest Oil Corporation (FST). An independent oil and gas company engaged in the acquisition, exploration, production and development of hydrocarbon properties in North America is expected to witness margin expansion...
29Jun2011 | vitalstocks | 0 comments | Continued(RIMM) Research In Motion – Bear of the Day
The nightmare of Research In Motion (RIMM) continues and so far the company has failed to provide any specific timeframe when its free-fall will come to an end. Ever since Apple’s iPhone hit the market, Research In Motion has been losing its leadership position. For the...
29Jun2011 | vitalstocks | 0 comments | Continued(SMP) Standard Motor Products – Bull of the Day
Standard Motor Products (SMP) enjoys strong brand recognition worldwide. Successful R&D and perfect strategic acquisitions have helped the company enrich its product portfolio and maintain a broad customer base. Standard Motor’s recently amended credit agreement with...
29Jun2011 | vitalstocks | 0 comments | Continued(AIR) AAR Corporation Wins USTRANSCOM Order
AAR Corp (AIR), the provider of aircraft parts and maintenance, announced that it won the U.S. Transportation Command (USTRANSCOM) task order for providing airlift support for U.S. Department of Defense operations in Afghanistan. Under the contract, AAR Corp. will be providing...
29Jun2011 | vitalstocks | 0 comments | Continued(YRCW) YRC Worldwide Revert to Neutral
We upgrade our recommendation on YRC Worldwide Inc. (YRCW) on the basis of current valuation. During the last two and half years, YRC Worldwide is reeling under bankruptcy threat resulting from a significant fall in freight volume coupled with its highly leveraged balance sheet....
29Jun2011 | vitalstocks | 0 comments | Continued(BBBY) Bed Bath & Beyond 2011 First Quarter Earnings Scorecard
Specialty retailer Bed Bath & Beyond Inc. (BBBY) announced its financial results for the first quarter of fiscal 2011 Street analysts had a week to ponder on the news. In the subsequent paragraphs, we cover the recent earnings announcement, analysts’ estimate revisions...
29Jun2011 | vitalstocks | 0 comments | Continued(BAC) It’s All About Greece
With the domestic economic calendar on the thin side, stocks will likely reflect growing optimism on the Greece story. The Greek parliament is expected to pass the tougher austerity measures today that are a precondition for a new EU/IMF rescue fund. It is difficult to feel optimistic...
29Jun2011 | vitalstocks | 0 comments | Continued(NEM) Newmont Mining Under Review in Jakarta by the Corruption Eradication Commission
The U.S. mining group, Newmont Mining Corp. (NEM) is under scanner in Jakarta by the Corruption Eradication Commission (KPK) for breaching rules on the foreign ownership of mining assets. The officials are probing whether Newmont should retain a controlling stake in Newmont Nusa...
29Jun2011 | vitalstocks | 0 comments | Continued(IMMR) Immerse Yourself in Haptics with Immersion Corporation
by Justin Dove, Investment U Research Wednesday, June 29, 2011 There’s a word you may want to get to know – Haptics. If you’ve ever used a video game controller that rumbled or a touchscreen that vibrated when you hit a key, than you’re familiar with the concept behind...
29Jun2011 | InvestmentU | 0 comments | Continued(EPD) Enterprise Products Partners L.P. to Enhance Texas Infrastructure
Encouraged by the mounting production volume at the Eagle Ford Shale in South Texas, Enterprise Products Partners L.P. (EPD) has plans to install a sixth natural gas liquid (NGL) fractionator, with a capacity of 75,000 barrels per day (BPD), at the Mont Belvieu complex in the...
29Jun2011 | vitalstocks | 0 comments | Continued(NKE) Bond Yields Expected to Rise – Market Conundrum
Yields on treasury bonds were expected to start trending up as the end point for the Fed’s $600 billion QE2 program came closer. The thinking was that as the Fed stopped buying these bonds, yields will have nowhere to go but up. This fairly plausible view, which has Pimco’s...
29Jun2011 | vitalstocks | 0 comments | Continued(NYMT) New York Mortgage Trust Issues Public Offering
New York Mortgage Trust, Inc. (NYMT) recently announced the commencement of an underwritten public offering of 2 million shares. To provide cover for over allotments, New York Mortgage also plans to offer an option to the underwriters of purchasing an additional 300,000 shares. New...
29Jun2011 | vitalstocks | 0 comments | Continued(API) Roche Holdings Partners with Evotec
Roche Holdings Ltd. (RHHBY) recently announced a collaboration with Evotec AG for the development of oncology drugs. Under the agreement, Evotec will use its PhosphoScout platform to discover protein-phosphorylations, which will help in predicting favorable dosage and efficacy...
29Jun2011 | vitalstocks | 0 comments | Continued(SJR) Shaw Communications 2011 Third Quarter Earnings Preview
Shaw Communications Inc.(SJR) is slated to release its third quarter 2011 results on Wednesday, June 29, before the opening bell. The current Zacks Consensus Estimate for the third quarter is pegged at 40 cents, representing an annualized growth of 11.11%. With respect to earnings...
29Jun2011 | vitalstocks | 0 comments | Continued(INTU) Intuit Snaps Up Mobile Money Assets
Business and financial management solutions provider, Intuit Inc. (INTU) recently announced the acquisition of the Web banking technology assets of Mobile Money Ventures, a mobile financial solutions provider, for an undisclosed amount. This acquisition is expected to position...
29Jun2011 | vitalstocks | 0 comments | Continued(CIG) Companhia Energetica de Minas Gerais Analyst Neutral on Shares
We recently maintained a Neutral recommendation on Companhia Energetica de Minas Gerais (CIG), also known as CEMIG, one of the largest integrated electric utilities in Brazil. The company has more than 6,896 megawatts of installed generation capacity. With the global economy...
29Jun2011 | vitalstocks | 0 comments | Continued(NCR) NCR Selected by Anheuser-Busch Employees’ Credit Union (revised)
NCR Corporation (NCR), a leading technology and solutions provider for the retail and financial services industry, has recently won a contract from Anheuser-Busch Employees’ Credit Union (ABECU). The company has deployed NCR’s APTRA eMarketing cross-channel marketing...
29Jun2011 | vitalstocks | 0 comments | Continued(WAG) Walgreens Debuts Web Pickup in Chicago
Leading retail pharmacy chain Walgreen Co. (WAG) has recently undertaken an innovative initiative to enhance its sales and distribution by launching Web Pickup service across Chicago. The program will enable customers to shop online at Walgreens.com and pick up the placed orders...
29Jun2011 | vitalstocks | 0 comments | Continued(APOL) Apollo Group Third Quarter 2011 Earnings Preview
Apollo Group Inc. (APOL), one of the world’s largest private education providers, is scheduled to report its third-quarter financial results after the close of market on June 30, 2011. The current Zacks Consensus Estimate for the quarter is earnings of $1.34 a share. For...
29Jun2011 | vitalstocks | 0 comments | Continued(DISH) DISH Network Almost Bags TerreStar
DISH Network Corp. (DISH), the second largest satellite TV operator in the U.S., is all set to acquire currently bankrupt TerreStar Networks Inc., which offers wireless services over a satellite network. TerreStar is at present up for sale after it filed for bankruptcy protection...
29Jun2011 | vitalstocks | 0 comments | Continued(MDP) Meredith Adds Revenue Channels
Meredith Corporation (MDP) has been working diligently to explore and include alternative revenue generating opportunities for reducing its dependence on traditional advertising through acquisitions or by entering into strategic alliances. Following its expansion strategy, Meredith...
29Jun2011 | vitalstocks | 0 comments | Continued(WFSL) Washington Federal Authorizes Share Buyback
On Monday, Washington Federal Inc. (WFSL) announced that its board of directors has authorized a new share repurchase program, under which the company will be able to buyback additional 10 million common shares. WFSL stated that this new share repurchase authorization is an extension...
29Jun2011 | vitalstocks | 0 comments | Continued(SWK) Stanley Black & Decker to Acquire Niscayah
Stanley Black & Decker (SWK) recently proposed to acquire Sweden based Niscayah for SEK7.6 billion or roughly $1.2 billion. Stanley currently has a 5.8% stake in Niscayah, which was acquired through the company’s wholly-owned Swedish subsidiary. Stanley would offer SEK18...
29Jun2011 | vitalstocks | 0 comments | Continued(WRB) W. R. Berkley Corporation Forms New Unit
Last week, property and casualty insurer W.R. Berkley Corp.(WRB) announced the formation of a new unit called Berkley Technology Underwriters, LLC with headquarters in Minneapolis, Minnesota. The new company will act as a leading provider of insurance solutions for small and...
29Jun2011 | vitalstocks | 0 comments | Continued(CPB) Campbell Rewards Shareholders
Campbell Soup Co. (CPB), diligent in rewarding shareholders, announced a share buyback of $1 billion sans expiration date. The new share buyback plan replaces the $1.2 billion which the company had announced in June 2008. To further accelerate shareholder value, the company also...
29Jun2011 | vitalstocks | 0 comments | Continued(GM) Steel Stock Review & Outlook – June 2011 – Industry Outlook
The World Steel industry is rather concentrated in structure, with a few producers accounting for the lion’s share of sales. Steel products are classified into four broad categories: flat steel products, long steel products, scrap and semi-finished products. Flat products include...
28Jun2011 | vitalstocks | 0 comments | Continued(PEG) Public Service Enterprise Group to Sell Texas Power Plant
PSEG Power LLC, a unit of Public Service Enterprise Group Inc. (PEG) announced that it has agreed to the sale of its 1,000 MW gas-fired Odessa generating facility in West Texas. The facility would be sold to Odessa Power, LLC, a subsidiary of Energy Capital Partners II, LP for...
28Jun2011 | vitalstocks | 0 comments | Continued(SHLD) Sears Holdings Spins Off Hardware Chain
Sears Holdings Corporation (SHLD) declared that it is spinning off its hardware chain, Orchard Supply Hardware Stores, after five continuous years of bad performance. Sears believes that Orchard Supply will perform way far better and yield good returns to its shareholders as...
28Jun2011 | vitalstocks | 0 comments | Continued(AKAM) Akamai Technologies Expands in Central and Eastern Europe
Akamai Technologies Inc. (AKAM) is set to expand its presence in Central and Eastern Europe (CEE). The company will extend its services to five countries in the region namely Czech Republic, Hungary, Poland, Romania and Slovakia. Akamai will also open a branch office in Krakow,...
28Jun2011 | vitalstocks | 0 comments | Continued(LMT) Lockheed Martin Supports Army in Training
Lockheed Martin Corporation (LMT) received a contract from the U.S. Army to provide necessary support to the soldiers in the U.S. and overseas with operations planning, training and logistics to ensure mission readiness. Per the new contract, Operations, Planning, Training, and...
28Jun2011 | vitalstocks | 0 comments | Continued