Archive for July, 2011
(JBHT) J.B. Hunt Transport Services Meets Earnings Forecast – Misses Revenues
J.B. Hunt Transport Services (JBHT), the third-largest U.S. truckload carrier, reported second quarter 2011 earnings of 53 cents per share, which came in at par with the Zacks Consensus Estimate. Earnings per share rose 32.5% from 40 cents earned in the year-ago quarter. Total...
17Jul2011 | vitalstocks | 0 comments | Continued(ETR) Entergy Buys 460 Megawatt Natural Gas Turbine
Integrated energy company Entergy Corporation (ETR) announced that its unit Entergy Mississippi Inc. will purchase Hinds Energy Facility, a 450 megawatt (MW) natural gas turbine, from KGen Power Corporation for $206 million. The company considers this to be a cost effective way...
17Jul2011 | vitalstocks | 0 comments | Continued(IT) International Business Machines Opens Data Centers in Japan
Information Technology (IT) major, International Business Machines Corp. (IBM) recently announced the opening of two new data centers in Japan. The first data center is located in Makuhari and will cater to IBM’s SmartCloud Enterprise customers. The new data center will enable...
17Jul2011 | vitalstocks | 0 comments | Continued(CVX) Chevron Contracts Chicago Bridge & Iron Company for Gorgon
U.S. energy giant Chevron Corporation (CVX), through its Australian subsidiary, has awarded a $2.3 billion mechanical, electrical and instrumentation work contract to Netherlands-based Chicago Bridge & Iron Company (CBI). The contract is dedicated for the development of Chevron’s...
17Jul2011 | vitalstocks | 0 comments | Continued(AA) Stock Market News for July 15, 2011 – Market News
Comments from Federal Chairman Ben Bernanke on the second day of his testimony to Congress dragged the markets into negative territory as he quelled all hopes of a third round of economic stimulus. Economic reports ahead of the opening bell had been encouraging, but failed to...
16Jul2011 | vitalstocks | 0 comments | Continued(GS) Goldman Sachs Group 2011 Second Quarter Earnings Preview
The Goldman Sachs Group Inc. (GS) is scheduled to report its second-quarter 2011 results before the opening bell on Tuesday, July 19. The Zacks Consensus Estimate for the second quarter is $2.42 per share, representing a decline of about 12% from the year-ago quarter. We expect...
16Jul2011 | vitalstocks | 0 comments | Continued(BAC) Company News for July 15, 2011 – Corporate Summary
• Share prices of ConocoPhillips (NYSE:COP) increased 1.63% after the board of directors authorized the division of the energy company into two publicly traded firms • Maker of chips for mobiles, PC’s and automobiles Fairchild Semiconductor’s (NYSE:FCS)...
16Jul2011 | vitalstocks | 0 comments | Continued(JPM) JPMorgan Chase & Co Second Quarter 2011 Earnings Preview
JPMorgan Chase & Co. (JPM) is scheduled to report its second quarter 2011 results before the market opens on Thursday, July 14. The Zacks Consensus Estimate for the quarter is $1.21 per share, representing a growth of about 11% over the year-ago quarter. Same as before,...
15Jul2011 | vitalstocks | 0 comments | Continued(RDEA) Ardea Biosciences – Bull of the Day
We are upgrading Ardea Biosciences Inc (RDEA) to Outperform from Neutral due to the promise shown by its lead pipeline candidate lesinurad, which is being developed for treating hyperuricemia and gout. Lesinurad, which has performed well in clinical studies, will target a market...
15Jul2011 | vitalstocks | 0 comments | Continued(CTL) CenturyLink Incorporated – Bear of the Day
We are downgrading our recommendation on CenturyLink (CTL) to Underperform. First quarter earnings surpassed the Zacks Consensus Estimate aided by synergies from Embarq but fell year over year. Although CenturyLink continues to grow its broadband customer base and associated...
15Jul2011 | vitalstocks | 0 comments | Continued(COF) Capital One Financial Earnings Outpace Estimates
Capital One Financial Corp.’s (COF) second quarter 2011 earnings from continuing operations of $2.04 per share were substantially ahead of the Zacks Consensus Estimate of $1.67. Though this compared unfavorably with $2.04 in the prior quarter, it surpassed $1.78 recorded in...
15Jul2011 | vitalstocks | 0 comments | Continued(CI) CIGNA Headquarters Shifted to Connecticut
Health insurer CIGNA Corp. (CI) recently revealed plans shift to its headquarters to Bloomfield, Connecticut after it was nominated to receive economic benefits from the state government in exchange for new job creations. The CIGNA base will move from Philadelphia, where it has...
15Jul2011 | vitalstocks | 0 comments | Continued(HAL) Halliburton Fortifies Poland Link
Oilfield service provider Halliburton Company (HAL) has won a shale natural gas exploration contract in Poland from Chevron Corporation (CVX). The financial terms of the deal were not disclosed. The scope of the deal includes drilling services, mud logging, cementing, coiled...
15Jul2011 | vitalstocks | 0 comments | Continued(GOOG) Motorola Mobility Holdings Offers Low-end Smartphone
Recently, Motorola Mobility Holdings Inc. (MMI) launched its relatively cheaper android-based handsets called Motorola XT316 primarily targeting the lower end of the market. The new Motorola XT316 possesses a color display, QWERTY keypad as well as touch screen option, which...
15Jul2011 | vitalstocks | 0 comments | Continued(TIE) Titanium Metals and Boeing Extend Deal
Titanium Metals Corporation (TIE) announced that it has extended its titanium supply agreement with The Boeing Company (BA) through December 31, 2018. In November last year, Titanium entered into a long-term supply agreement with Boeing, which was scheduled to expire on December...
15Jul2011 | vitalstocks | 0 comments | Continued(GOOG) Google Earnings Rocked!
Search giant Google (GOOG) delivered results for the second quarter of 2011 that were much better than expected. Revenue after traffic acquisition costs rose 36% year-over-year to $6.92 billion, beating the Zacks Consensus Estimate of $6.61 billion. Revenue at Google-owned sites,...
15Jul2011 | vitalstocks | 0 comments | Continued(BP) BP to Revive North Sea Fields
BP Plc (BP) and its partners have signed a £3 billion (US$4.8 billion) agreement for the redevelopment of two oil fields in the North Sea. The deal is as a part of BP’s strategy to uphold a superior business standard in the region despite a recent tax hike on oil and gas production...
15Jul2011 | vitalstocks | 0 comments | Continued(AZO) U.S. Retail Sales Rise Slightly in June
Retail and Food Service Sales were in line with expectations for June, coming in with an increase of 0.1%. Retail sales alone were up 0.2%. Total retail sales are up 8.5% from a year ago (8.1% including food service). The Retail Sales report covers far more than just the Malls...
14Jul2011 | vitalstocks | 0 comments | Continued(JBLU) JetBlue Airway’s June Traffic Rises
The discounted U.S. airline JetBlue Airways Corporation (JBLU) reported a 7.2% year-over-year traffic increase in June 2011. Airline traffic is measured in billions of revenue passenger miles, which implies one mile flown by one passenger. On a year-over-year basis, capacity...
14Jul2011 | vitalstocks | 0 comments | Continued(HRS) Harris Bags Another US Defense Deal
Harris Corp. (HRS) recently won a contract worth $17.8 million from the U.S. army for supplying Falcon II high-frequency manpack radios. These devices protect army vehicles from enemy mines in the battle field. This popular Falcon II® AN/VRC-104(V)(3) radio systems operate between...
14Jul2011 | vitalstocks | 0 comments | Continued(REGN) Regeneron Pharmaceuticals Gets Mixed Data for REGN88
Regeneron Pharmaceuticals, Inc. (REGN) and partner Sanofi Aventis (SNY) recently announced data from two mid-stage studies of their pipeline candidate sarilumab (REGN88/SAR153191). While one study (MOBILITY) evaluated patients with rheumatoid arthritis (RA) the other (ALIGN)...
14Jul2011 | vitalstocks | 0 comments | Continued(CVX) U.S. Oil and Gasoline Supplies Shrink
The U.S. Energy Department’s weekly inventory release showed that crude and gasoline stockpiles moved downwards, while distillate supplies rose. Meanwhile, refiners reduced processing rates by 0.4%. The Energy Information Administration (EIA) Petroleum Status Report –...
14Jul2011 | vitalstocks | 0 comments | Continued(ERTS) Electronic Arts Offers Harry Potter Magic
The new Harry Potter film may be the last from the series that you will catch on screen, but Electronic Arts Inc. (ERTS) and Warner Bros. Interactive Entertainment have ensured that the magic may still be experienced on your gaming devices. Harry Potter and the Deathly Hallows...
14Jul2011 | vitalstocks | 0 comments | Continued(SHW) Sherwin Renews Credit Facility
The Sherwin-Williams Company (SHW) has recently entered into a 5-year $1.05 billion New Credit Agreement, with lenders including Bank of America Corporation (BAC) as an administrative agent, Wells Fargo & Company (WFC) as syndication agent and JPMorgan Chase & Co. (JPM)...
14Jul2011 | vitalstocks | 0 comments | Continued(CCL) Carnival Corporation – Bear of the Day
We are downgrading shares of Carnival Corporation (CCL) from Neutral to Underperform. Political disturbances in some geographies and the earthquake in Japan are currently acting as the major hindrance to the company’s growth. Moreover, surging fuel prices and a greater...
14Jul2011 | vitalstocks | 0 comments | Continued(RDY) Dr. Reddy’s Laboratories Earns FDA Approval for Generic
Dr. Reddy’s Laboratories (RDY) delivered yet another positive momentum within a week, as the US Food and Drug Administration (FDA) approved fondaparinux sodium injection, the company’s bioequivalent generic version of Arixtra. The drug is currently marketed by GlaxoSmithKline...
14Jul2011 | vitalstocks | 0 comments | Continued(UFPI) UFPI Beats Estimate – Future Outlook Dark
Universal Forest Products Inc. (UFPI) reported its financial results for the second quarter 2011 on July 13. Earnings per share, excluding 11 cents per share of severance and early retirement charges were 33 cents compared with 70 cents in the year-ago quarter. However, results...
14Jul2011 | vitalstocks | 0 comments | Continued(WPI) Watson Pharmaceuticals – Bull of the Day
Based on its first quarter performance and increased guidance, we are upgrading Watson Pharmaceuticals (WPI) to Outperform. The company posted first-quarter 2011 earnings of $0.89 per share, beating the Zacks Consensus Estimate by $0.03 and the year-ago earnings by $0.08 per...
14Jul2011 | vitalstocks | 0 comments | Continued(BA) Company News for July 14, 2011 – Corporate Summary
• Analysts at JP Morgan (NYSE:JPM) highlighted the prospects of the internet sector in a bullish note. Reacting to the development, shares prices of LinkedIn Corp. (NYSE:LNKD) rose 8.41% to close at $107.87 • Shares of Titanium Metals Corp. (NYSE:TIE) increased...
14Jul2011 | vitalstocks | 0 comments | Continued(XLE) Stock Market News for July 14, 2011 – Market News
Remarks from the Federal Chairman came to the rescue of the markets on Wednesday after he indicated a possible third round of economic stimulus. Subsequently, the markets ended their four-day losing streak and benchmarks ended in the green. Moreover, an encouraging report from...
14Jul2011 | vitalstocks | 0 comments | Continued