Archive for July, 2011
(NFLX) Netflix Expands in Latin America
Netflix Inc. (NFLX) is expanding its reach into newer regions as it is set to launch its Internet movie subscription service in Latin America. It has also announced the expansion of its service in the Caribbean by the end of this year. This would mark Netflix’s second venture...
6Jul2011 | vitalstocks | 0 comments | Continued(BLUD) Company News for July 6, 2011 – Corporate Summary
• Share prices of Southern Union Co. (NYSE:SUG) rose 4.21% to close at $42.07 after Energy Transfer Equity, L.P. (NYSE:ETE) increased its bidding amount by 21% to $5 billion for the company, beating William’s (NYSE:WMB) bid of $4.9 billion • U.S. mining...
6Jul2011 | vitalstocks | 0 comments | Continued(XLF) Stock Market News for July 6, 2011 – Market News
After the indices posted their best weekly performance in two years, euro-zone debt fears gripped the markets yet again to dampen investor sentiment on Tuesday after Moody’s downgraded Portugal’s debt rating to “junk”. The benchmarks ended their five-day winning streak,...
6Jul2011 | vitalstocks | 0 comments | Continued(CBB) Cincinnati Bell Debuts in 4G Space
Cincinnati Bell Inc. (CBB) announced its debut into 4G wireless network promising faster and better services. Additionally, the company also unveiled the Huawei Ascend X 4G smartphone that uses Goggle’s (GOOG) advanced Android platform and will be sold at $99.00 for a limited...
6Jul2011 | vitalstocks | 0 comments | Continued(MAR) Marriott International and Timeshare to Split
Marriott International Inc. (MAR) is on track with the spin-off of its Timeshare business into a new publicly traded company. The transaction is expected to complete by year-end 2011. Marriott also announced the new corporate name of its vacation club business will now be Marriott...
6Jul2011 | vitalstocks | 0 comments | Continued(WFC) Wells Fargo Closes Castle Pines Capital Buy
Wells Fargo & Co. (WFC) has completed the acquisition of its strategic partner, Castle Pines Capital. The buyout was a part of Wells Fargo’s effort to expand its business and add channel financing capabilities. Castle Pines Capital offers channel financing solutions to...
6Jul2011 | vitalstocks | 0 comments | Continued(RIMM) Research In Motion Earning Scorecard
Research In Motion Ltd.(RIMM) reported its first quarter 2012 financial results, where earnings per share (EPS) exceeded the Zacks Consensus Estimate but revenues missed the same. Research In Motion reported weak financial outlook for the second quarter of fiscal 2012. Revenue...
6Jul2011 | vitalstocks | 0 comments | Continued(BLUD) Immucor Purchased by TPG Capital for $1.9B
Manufacturer and seller of automated systems and reagents, Immucor Inc. (BLUD) recently announced that it will be taken over by private equity group TPG Capital for $1.97 billion. As per the terms of the agreement, Immucor’s shareholders will receive $27 in cash for each share...
6Jul2011 | vitalstocks | 0 comments | Continued(WEN) Wendy’s Drops Arby’s From Name
Wendy’s/Arby’s Group Inc (WEN) has dropped Arby from its name following the completion of its previously announced sale of Arby’s Restaurant Group. Wendy’s is once again a solo brand name and will operate as The Wendy’s Company going forward. However, Wendy will...
6Jul2011 | vitalstocks | 0 comments | Continued(AXL) American Axle & Manufacturing Holdings Remains Neutral
We reiterate our Neutral recommendation on American Axle & Manufacturing Holdings Inc. (AXL), which is a leading supplier of driveline systems, modules and components for the light vehicle market. The company makes axles, driveshafts and chassis components for light trucks,...
6Jul2011 | vitalstocks | 0 comments | Continued(GD) General Dynamics Issues $1.5 Billion Debts
Media reports say that defense contractor General Dynamics Corporation (GD) issued $1.5 billion debts with an intention to utilize a part of the proceeds to repay the principal of its $750 million outstanding bonds that are maturing July 15. The $1.5 billion debts were issued...
6Jul2011 | vitalstocks | 0 comments | Continued(MFA) MFA Financial Hikes Dividend
MFA Financial, Inc. (MFA) a real estate investment trust (REIT), recently hiked its quarterly cash dividend by $0.235 to $0.25 per share.This reflects a 6.4% increase from the company’s prior dividend payout. The increased dividend will be paid on July 29, 2011, to stockholders...
6Jul2011 | vitalstocks | 0 comments | Continued(CAT) Caterpillar Signs Australian Memorandum of Understanding
Caterpillar Inc. (CAT) along with its dealer WesTrac recently signed a Memorandum of Understanding (MoU) with Perth, Australia based Fortescue Metals Group, to implement an autonomous mining solution, that enhances productivity and performance for Fortescue’s new Solomon...
6Jul2011 | vitalstocks | 0 comments | Continued(CTXS) Citrix Systems Analyst Downgrades Shares
We downgrade our recommendation on Citrix Systems Inc. (CTXS) to Neutral based on its current valuation. The stock price has soared more than 94% in the last year. Citrix is growing gradually as virtualization and cloud computing becomes essential for large enterprises to reduce...
6Jul2011 | vitalstocks | 0 comments | Continued(JEC) Jacobs Engineering Group Wins IARPA & EDF Contracts
Jacobs Engineering Group Inc.(JEC) announced the receipt of two significant contracts; one from the Intelligence Advanced Research Projects Activity (IARPA) and the other from EDF Energy. The contract from IARPA entitles the company to provide services under Aggregate Contingent...
6Jul2011 | vitalstocks | 0 comments | Continued(NOV) National Oilwell Varco Buying Ameron International
Oilfield services firm National Oilwell Varco Inc. (NOV) has agreed to acquire industrial parts maker Ameron International Corp. (AMN) for about $772 million in cash. The transaction, which has been approved by the boards of both the companies but awaits regulatory and shareholder...
6Jul2011 | vitalstocks | 0 comments | Continued(NOK) Nokia and Siemens Joint Venture Network Wins Contract
Nokia Siemens Networks (NSN), a 50-50 joint venture between Nokia Corp. (NOK) and Siemens AG (SI) to provide telecom infrastructure solutions, recently won a contract to supply equipments for ongoing fiber-to-the-home (FTTH) network of Bulgarian Internet service provider EVO.bg....
6Jul2011 | vitalstocks | 0 comments | Continued(SHLD) Sears Holding Corporation – Bear of the Day
Sears Holdings Corp. (SHLD) disappointed with its overall first-quarter 2011 results. The company posted a quarterly loss of $1.39 per share that plunged drastically from the prior-year quarter earnings of $0.16 primarily due to sluggish top-line performance. Management’s...
6Jul2011 | vitalstocks | 0 comments | Continued(BHP) BHP Billiton – ADS- Bull of the Day
BHP Billiton (BHP) is a diversified resource company with operations around the globe. Over the longer term, we view the economic recovery and ongoing industrialization in the emerging markets quite positively, as it is expected to improve the demand and price of the company’s...
6Jul2011 | vitalstocks | 0 comments | Continued(FWLT) Foster Wheeler AG to Upgrade Saudi Refinery
Foster Wheeler SOFCON, an unincorporated consortium between a subsidiary of Foster Wheeler AG’s (FWLT) Engineering and Construction Group and A. Al-Saihati, A. Fattani & O. Al-Othman Consulting Engineering Co., (SOFCON) received a front-end engineering design (FEED) contract...
6Jul2011 | vitalstocks | 0 comments | Continued(PBR) Petroleo Brasileiro S.A. Expands in Biofuel World
Brazilian state-run energy firm Petroleo Brasileiro S.A. or Petrobras (PBR) acquired a 50% stake in a local biodiesel company BSBIOS Industria e Comercio de Biodiesel Sul Brasil S.A. for 200 million Brazilian reals or $128.4 million. Petrobras executed the deal through its subsidiary...
5Jul2011 | vitalstocks | 0 comments | Continued(DELL) Dell IT Deal with Towers Watson
The world’s second largest PC maker Dell Inc. (DELL) recently confirmed an information technology (IT) support deal with Towers Watson & Co. (TW). Financial details of the five-year contract were not disclosed. Towers Watson is a global consulting firm. It specializes in...
5Jul2011 | vitalstocks | 0 comments | Continued(SOLR) Increase Odds of Positive Earnings Surprises
Surprises are, by definition, unexpected. However, since we know that companies that report better-than-expected earnings tend to see their share prices rise after the announcement, and those that disappoint sink, it would be nice to be able to get in front of those that are...
5Jul2011 | vitalstocks | 0 comments | Continued(IBKR) Interactive Brokers Group’s June Metrics Improve
On Friday, Interactive Brokers Group Inc. (IBKR) reported June 2011 performance data for its business segment Electronic Brokerage, which recorded a slight improvement compared with the previous month. The segment under review clears and settles trades globally for both individual...
5Jul2011 | vitalstocks | 0 comments | Continued(BJRI) BJ’s Restaurants’ Analyst Maintains Neutral Rating on Shares
We maintain our long-term Neutral rating for BJ’s Restaurants Inc. (BJRI). While we are optimistic on the company’s unit growth potential and solid same-same restaurant sales, the negative impact from commodity inflation as well as increased competition compel us to remain...
5Jul2011 | vitalstocks | 0 comments | Continued(PRU) Prudential Financial Spins off Commodities Business Unit
On Friday, Prudential Financial, Inc (PRU) announced the spin-off of its global commodities business unit to Jefferies Group Inc. (JEF) for $419.5 million. The transaction, which was announced back in April 2011, was valued at $419.5 million based on book value as of the closing...
5Jul2011 | vitalstocks | 0 comments | Continued(BSX) Boston Scientific Corporation’s Interlock Launched in US and Europe
Leading medical devices player, Boston Scientific Corporation (BSX) recently announced the commercial launch of its Interlock – 35 Fibered IDC Occlusion System in the US and Europe. Earlier this year, the company received approval from the US Food and Drug Administration (FDA)...
5Jul2011 | vitalstocks | 0 comments | Continued(OPTR) Optimer Pharmaceuticals Analyst Maintains Neutral
We have maintained a Neutral rating on Optimer Pharmaceuticals, Inc. (OPTR) with a target price of $12.00 per share. We find the US Food and Drug Administration’s (FDA) approval of Optimer’s first drug, antibiotic Dificid, for the treatment of clostridium difficile-associated...
5Jul2011 | vitalstocks | 0 comments | Continued(C) Citigroup Rebrands CitiFinancial
Citigroup Inc.’s (C) U.S. consumer finance unit is now OneMain Financial. Last Friday, Citigroup completed the rebranding of its entire U.S. full service network of 1,300 stores from CitiFinancial. The rebranding plan was announced last December. The rebranding gives the company...
5Jul2011 | vitalstocks | 0 comments | Continued(PETS) PetMed Still Underperforms
Recently, we reaffirmed our Underperform recommendation on PetMed Express (PETS) with a target price of $11.00. PetMed has been reporting disappointing results over the past few quarters. Lower revenues coupled with higher operating expenses had a negative impact on margins....
5Jul2011 | vitalstocks | 0 comments | Continued