Archive for July, 2011
(DHI) U.S. New Home Sales Still Awful
New Home Sales in May fell by 1.0% from May, to a rate of 312,000. Relative to a year ago, sales are up 1.6%. While the rebound is more than welcome, it is still a very dismal rate of New Home sales. Also, there was a downward revision to the May numbers of 4,000 to 315,000....
31Jul2011 | vitalstocks | 0 comments | Continued(AIG) New York Federal Reserve Reports Earnings of $4.68 Billion from AIG Investment Portfolio
The New York Federal Reserve (Fed) has reported that it earned about $4.68 billion from American International Group Inc.’s ( Read More →
31Jul2011 | vitalstocks | 0 comments | Continued(TXN) Texas Instruments Beats Expectations – Investors Unmoved
Texas Instruments Inc. (TXN) reported second quarter earnings that were up 3.8% sequentially and down 9.8% year over year, exceeding the Zacks Consensus estimate by 5 cents, or 9.4%. Estimates have been moving downward since TI lowered its guidance, but actual results were within...
31Jul2011 | vitalstocks | 0 comments | Continued(MCD) McDonalds Rated BUY as Earnings Season Rolls On – ValuEngine.com
So far this week we have provided data on Apple, United Technologies, and US Airways ahead of the earnings reports. Today we finish off our earnings week coverage with our data on fast food giant McDonalds (MCD) Analysts are looking for revenues of $6.63 Billion. The company...
31Jul2011 | valuengine | 0 comments | Continued(AAPL) Taking Advantage of Dollar Weakness
by Justin Dove, Investment U Research Thursday, July 28, 2011 There’s a negative connotation of the U.S. dollar losing value to foreign currencies. It makes some sense since it lowers the American consumer’s purchasing power. However, it’s not all bad. There is a positive...
31Jul2011 | InvestmentU | 0 comments | Continued(AMGN) Debt Ceiling Debate and Dismal GDP Add To Market Stress
The debt debate continues to steal the spotlight from earnings and economic reports. The stock market has lost ground in recent days due to this uncertain environment even as corporate earnings reports have broadly come ahead of expectations. With both sides in the debt debate...
31Jul2011 | vitalstocks | 0 comments | Continued(AMGN) Amgen Beats Earnings Expectations – Updates Outlook
Amgen (AMGN) reported second quarter earnings per share of $1.35, 5 cents above the Zacks Consensus Estimate and 0.7% above the year-ago earnings. Total revenues increased 4% to $3,959 million in the second quarter of 2011. Revenues topped the Zacks Consensus Estimate of $3,778...
30Jul2011 | vitalstocks | 0 comments | Continued(RPI) Restaurant Industry Stock Review – July 2011 – Industry Outlook
The restaurant industry is finally showing improvements and seems poised for long-term growth. Riding on the back of a slowly reviving U.S. economy and the consequent rise in comparable-store sales, restaurant operators have managed to post improved results in recent months....
29Jul2011 | vitalstocks | 0 comments | Continued(BSX) Company News for July 29, 2011 – Corporate Summary
• Credit Suisse (NYSE:CS) announced that it will cut 2,000 jobs worldwide after the banking giant was hit by a decline in second quarter profits and an appreciating Swiss franc • A report from Sky News said that banking major HSBC (NYSE:HBC) may soon axe 10,000...
29Jul2011 | vitalstocks | 0 comments | Continued(CVX) Stock Market News for July 29, 2011 – Market News
Momentum from positive economic reports in the morning session were washed out on Thursday afternoon, as investors remained apprehensive ahead of the key vote in Congress on the debt-ceiling issue. Finally, just before the closing bell, markets lost all their gains to drop modestly...
29Jul2011 | vitalstocks | 0 comments | Continued(DFG) Delphi Misses Estimates – Grows Year Over Year
Delphi Financial Group’s (DFG) second quarter 2011 core operating income of 86 cents per share missed the Zacks consensus Estimate by 5 cents but compared favorably with 79 cents reported in the prior-year quarter. The earnings miss was driven by lower operating income at Delphi’s...
28Jul2011 | vitalstocks | 0 comments | Continued(ICON) Iconix Brand Group Exceeds Earnings by a Penny
Iconix Brand Group Inc. (ICON) delivered its second quarter 2011 results with adjusted earnings of 45 cents a share, which soared 19.4% from 36 cents a share in the year-ago period, demonstrating steady organic strength across its portfolio of brands as well as strong margins....
28Jul2011 | vitalstocks | 0 comments | Continued(PNC) PNC Financial Services Group to Get 27 Flagstar Branches
PNC Financial Services Group Inc. (PNC) is on an acquisition spree. The company has signed a definitive agreement to purchase 27 branches from Flagstar Bank, a subsidiary of Flagstar Bancorp Inc. (FBC). Under the deal terms, PNC will acquire 21 and lease 6 branches located in...
28Jul2011 | vitalstocks | 0 comments | Continued(AA) Stock Market News for July 28, 2011 – Market News
With no resolution in sight to the debt ceiling issue, heightened anxiety among investors led the benchmarks lower for the third consecutive day and markets posted their worst day in eight weeks. Adding to the woes, economic sluggishness continued to foster negative sentiments...
28Jul2011 | vitalstocks | 0 comments | Continued(DD) U.S. Posts Needed Positive Labor Market Report
The debt ceiling debate continues to monopolize headlines, even as a barrage of earnings reports and a surprisingly positive labor market reading try to gain the market’s attention. Weekly Jobless Claims numbers dropped by a bigger-than-expected level, which if sustained...
28Jul2011 | vitalstocks | 0 comments | Continued(DD) July 28: Positive Labor Market Report – Economic Highlights
The debt ceiling debate continues to monopolize headlines, even as a barrage of earnings reports and a surprisingly positive labor market reading try to gain the market’s attention. Weekly Jobless Claims numbers dropped by a bigger-than-expected level, which if sustained...
28Jul2011 | vitalstocks | 0 comments | Continued(BA) Company News for July 28, 2011 – Corporate Summary
• Boeing (NYSE:BA) reported Q2 EPS of $1.25, beating the Zacks Consensus Estimate of $0.97 per share. Revenues for the quarter rose 6.2% year-over-year to $ 16.5 billion • Thermo Fisher (NYSE:TMO) reported Q2 EPS of $0.99, ahead of the Zacks Consensus Estimate...
28Jul2011 | vitalstocks | 0 comments | Continued(JBLU) JetBlue Lags Earnings Forecast – Posts Record Revenues
The discounted U.S. airline JetBlue Airways Corporation (JBLU) has reported second quarter adjusted earnings per share (EPS) of 8 cents, missing the Zacks Consensus Estimate by a penny. Despite solid revenue growth, earnings per share dropped 19% from the year-ago quarter due...
27Jul2011 | vitalstocks | 0 comments | Continued(AMLN) Amylin Pharmaceuticals Loss Narrows on Lower Costs
Amylin Pharmaceuticals (AMLN) reported a net loss of 21 cents per share in the second quarter of 2011, a penny wider than the Zacks Consensus Estimate but well below the year-ago loss of 28 cents. Despite a decline in revenues, year-over-year loss declined due to lower expenses. Second...
27Jul2011 | vitalstocks | 0 comments | Continued(MYL) Mylan Beats Second Quarter Earnings on All Fronts
Mylan Inc.’s (MYL) second quarter 2011 earnings (excluding special items) of 52 cents per share were above the Zacks Consensus Estimate of 45 cents as well as the year-ago earnings of 37 cents per share. Earnings growth was driven by increase in generics revenue and improved...
27Jul2011 | vitalstocks | 0 comments | Continued(BA) Boeing Flies High – Raises Guidance
The Boeing Company (BA), riding on higher delivery of commercial airplanes and stable all round core performance, reported strong numbers for the second quarter of 2011. In the reported quarter, the company posted quarterly earnings of $1.25 per share, beating the Zacks Consensus...
27Jul2011 | vitalstocks | 0 comments | Continued(AEP) Alternative Energy Stock Outlook – July 2011 – Industry Outlook
The growth outlook of alternative energy companies is inversely related to the prices of petroleum products and directly related to the fortunes of the economy. The recent thaw in oil prices is casting a shadow over this emerging momentum. But even despite the pullback in oil...
27Jul2011 | vitalstocks | 0 comments | Continued(ACIW) Company News for July 27, 2011 – Corporate Summary
• Ford (NYSE:F) reported Q2 EPS of $0.65, ex-items, exceeding the Zacks Consensus Estimate of $0.60 per share. Revenues from the auto sector rose 16.3% year-over-year to $33.5 billion, beating the Zacks Consensus Estimate of $31.8 billion • Amazon.com (NASDAQ:AMZN)...
27Jul2011 | vitalstocks | 0 comments | Continued(XLK) Stock Market News for July 27, 2011 – Market News
Markets continued to be dragged down by lingering concerns over the deadlock in debt-ceiling negotiations and volumes remained low as investors adopted a wait and watch stance. Benchmarks continued to slide for the second consecutive day in the absence of strong economic reports...
27Jul2011 | vitalstocks | 0 comments | Continued(AAPL) Stock Market News for July 26, 2011 – Market News
The political deadlock in Washington weighed down the markets on the opening day of the week, as lawmakers struggled to find a solution to the impasse over the debt-ceiling issue. The day was also marked by disappointing corporate results, and the fear-gauge index posted its...
26Jul2011 | vitalstocks | 0 comments | Continued(BPI) Company News for July 26, 2011 – Corporate Summary
• Kimberly-Clark (NYSE:KMB) reported Q2 adjusted EPS of $1.18, surpassing the Zacks Consensus Estimate of $1.15 per share. Revenues for the quarter rose 8% year-over-year to $5.3 billion, exceeding the Zacks Consensus Estimate of $5.1 billion • Netflix (NASDAQ:NFLX)...
26Jul2011 | vitalstocks | 0 comments | Continued(F) U.S. Earnings Season and Debt Ceiling in Focus
Stocks may find it hard to stay focused on the day’s earnings parade given the continued stalemate in Washington on the debt ceiling issue. We also have a couple of housing and consumer confidence reports coming out after the markets open. But had Washington not been as...
26Jul2011 | vitalstocks | 0 comments | Continued(AAPL) Apple Rated a 3-Engine “HOLD” at 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 are into earnings season again and some big names report...
26Jul2011 | valuengine | 0 comments | Continued(PNC) PNC Financial Services Group Offers $1 Billion Preferred Stock
PNC Financial Services Group Inc. (PNC) has offered $1 billion of perpetual preferred stock, according to a filing with the Securities and Exchange Commission. The capital infusion through this offering would be used by PNC Financial for general corporate purposes, including...
26Jul2011 | vitalstocks | 0 comments | Continued(STI) SunTrust Bank Beats Earnings Estimates
SunTrust Banks Inc.’s (STI) second quarter earnings came in at 33 cents per share, slightly ahead of the Zacks Consensus Estimate of 31 cents. This represents SunTrust’s fourth straight quarter of profit after incurring significant losses since mid 2008. Earnings were also...
26Jul2011 | vitalstocks | 0 comments | Continued