Archive for July, 2011
(STZ) Constellation Brands First Quarter 2012 Earnings Scorecard
Constellation Brands Inc. (STZ), the largest wine company in the world, posted its first-quarter 2012 results. Street analysts had nearly a week to ponder the news. In the subsequent paragraphs, we cover the recent earnings announcement, analysts’ estimate revisions as...
6Jul2011 | vitalstocks | 0 comments | Continued(MHS) Medco Health Solutions to Better Tackle Hepatitis C
Medco Health Solutions (MHS) is making attempts to curtail costs of treating patients suffering from hepatitis C (HCV). The company’s specialty pharmacy segment, Accredo Health Group, considers patient adherence to the treatment most significant as any contrary behavior could...
6Jul2011 | vitalstocks | 0 comments | Continued(NOV) National Oilwell Varco to Buy 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(ACOR) Acorda Therapeutics Inks Deal with Medtronic
Acorda Therapeutics, Inc. (ACOR) recently entered into a licensing agreement with Medtronic, Inc. (MDT) for AC105. The company acquired worldwide development and commercialization rights to AC105. The Candidate – AC105 Acorda intends to study AC105 as an acute treatment for...
6Jul2011 | vitalstocks | 0 comments | Continued(SBUX) Starbucks Gets Application on iPhone
Starbucks Corporation (SBUX), the coffee maker has become more interesting for its customers on introducing sophisticated and time-effective technology. It added another application to its portfolio namely Starbucks for iPhone. The application introduces its popular Starbucks...
6Jul2011 | vitalstocks | 0 comments | Continued(DFS) Discover Analyst Retains Outperform on Shares
Discover has grown to become one of the largest card issuers in the U.S. and a leading innovator and driver of change in the credit card industry. The company continues to explore healthy opportunities for inorganic growth and also implements several capital-bolstering initiatives....
6Jul2011 | vitalstocks | 0 comments | Continued(MITI) Micromet Analyst Maintains Neutral on Shares
We have maintained a Neutral rating on Micromet, Inc. (MITI) with a target price of $6.00 per share. We believe Micromet’s lead pipeline candidate, blinatumomab, holds tremendous potential in the treatment of Acute lymphoblastic leukemia (ALL). Blinatumomub is one of the leading...
6Jul2011 | vitalstocks | 0 comments | Continued(WMT) Wal-Mart Offers Jobs in Wichita
Retail giant Wal-Mart Stores Inc (WMT) has announced to create 300 jobs for its five Walmart Neighborhood Markets stores in Wichita. Walmart stated that they have started accepting applications from June 20 for both full-time and part-time positions and will employ associates...
6Jul2011 | vitalstocks | 0 comments | Continued(WU) Western Union to Buy Travelex
Yesterday, Western Union Co. (WU) announced that it has entered into an agreement with London-based foreign exchange company Travelex Group to purchase its global business payments arm. Travelex Group –Travelex Limited, Travelex Currency Services, Inc., Travelex Holdings Limited...
6Jul2011 | vitalstocks | 0 comments | Continued(JPM) JPMorgan Chase Analyst Reiterates Shares at Neutral
We continue to maintain our long-term “Neutral” recommendation on JPMorgan Chase & Co. (JPM). Although we anticipate continued synergies from a reduction in reserves for future losses, business diversification and strong capital deployment activity, the effect of the...
6Jul2011 | vitalstocks | 0 comments | Continued(PEP) Pepsi Getting Popular in Russia
Pepsico Inc. (PEP) the global food and Drinks Corporation, announced that it will buy the remaining 23% of Wimm-Bill-Dann Foods OJSC (WBD), Russia’s leading branded food and beverage company. Wimm-Bill-Dann produces dairy products, juices, mineral water and baby food. The...
6Jul2011 | vitalstocks | 0 comments | Continued(MI) Bank of Montreal Completes Marshall & Ilsley Acquisition
The acquisition of Marshall & Ilsley Corporation (MI) by Bank of Montreal (BMO) finally drew to a close on Tuesday, following BMO’s repayment of $1.715 billion of Troubled Asset Relief Program (TARP) money that M&I had borrowed from the U.S. Treasury in 2008. Along...
6Jul2011 | vitalstocks | 0 comments | Continued(CPWR) Compuware Acquires dynaTrace
Compuware Corporation (CPWR) recently announced that the company acquired Boston-based rival dynaTrace software for $256 million. Headquartered in Detroit, Michigan, Compuware Corporation (CPWR) provides software products and professional services to many of the largest users...
6Jul2011 | vitalstocks | 0 comments | Continued(HP) Helmerich & Payne Secures Rig Deal
Global contract drilling company Helmerich & Payne Inc. (HP) signed a deal to manufacture and operate 12 additional FlexRigs. Eight exploration and production companies, names of which were not disclosed, contracted Helmerich & Payne for the construction job. Although...
6Jul2011 | vitalstocks | 0 comments | Continued(UBS) Non-U.S. Banks Stock Update – July 2011 – Industry Outlook
Backed by worldwide regulatory reform, the global banking industry is currently going through a transformation phase. Though the growth potential of some non-U.S. banks could be subdued due to higher reserve requirements, increased property taxes and strict lending limits as...
6Jul2011 | vitalstocks | 0 comments | Continued(BHI) U.S. Oil Drilling Pushes Rig Count Up
In its weekly release, Houston-based oilfield services company Baker Hughes Inc. (BHI) reported a rise in the U.S. rig count (number of rigs searching for oil and gas in the country). This can be primarily attributed to an increase in the tally of oil rigs. The Baker Hughes rig...
6Jul2011 | vitalstocks | 0 comments | Continued(ALXN) Alexion Pharmaceuticals Stands at Neutral
We are maintaining our Neutral stance on Alexion Pharmaceuticals (ALXN) with a target price of $49.00. Alexion Pharma delivered a strong performance in the first quarter of 2011. First quarter earnings (excluding special items but including stock-based compensation) of 23 cents...
6Jul2011 | vitalstocks | 0 comments | Continued(FDX) FedEx Earnings Scorecard
FedEx Corporation (FDX), the world’s second-largest package delivery company, reported fourth quarter 2011 results on June 22. Both adjusted earnings and revenue surpassed the Zacks Consensus Estimates and improved from the year-ago results. Third Quarter Review Adjusted...
6Jul2011 | vitalstocks | 0 comments | Continued(MDT) Medtronic Introduces Spinal Device
Leading medical devices player, Medtronic (MDT), strengthened its Spinal portfolio with the launch of CD Horizon Fenestrated Screw Spinal System in Europe. The product will be used in combination with Fenestrated Screw Cement. Over the next few months, this product will be launched...
6Jul2011 | vitalstocks | 0 comments | Continued(SHW) Sherwin Williams Analyst Maintains Neutral on Shares
We are maintaining our Neutral recommendation on Sherwin Williams Company (SHW) as it is recovering with improving domestic and international sales of automotive finishes, original equipment manufacturers’ product finishes, and protective and marine coatings. The Paint segment...
6Jul2011 | vitalstocks | 0 comments | Continued(GM) U.S. Automakers Report Sluggish Auto Sales in June
Light vehicle sales in the U.S. rose a tad by 2.4% to a seasonally adjusted annualized rate of 11.41 million vehicles in June from 11.14 million vehicles in the same month last year. It came down from the seasonally adjusted annual rate of 11.8 million in May, the slowest since...
6Jul2011 | vitalstocks | 0 comments | Continued(PTR) PetroChina, INEOS Complete Joint Ventures
State-controlled Chinese energy giant PetroChina Co. Ltd. (PTR) has closed the formation of its previously announced two joint ventures with a privately held British chemicals firm, INEOS Group Holdings plc. PetroChina contributed $1.015 billion in cash for the shares in the...
6Jul2011 | vitalstocks | 0 comments | Continued(REG) Regency Centers Acquires Minneapolis Mall
Regency Centers Corp. (REG), a leading operator and developer of grocery-anchored and community shopping centers across the U.S., has recently acquired Calhoun Commons – a 66,150 square foot mall in downtown Minneapolis, for $21 million. The property was purchased from its...
6Jul2011 | vitalstocks | 0 comments | Continued(NKE) Nike Fourth Quarter 2011 Earnings Scorecard
The global leader of sports equipment and apparel maker, Nike Inc. (NKE) announced its financial results for the fourth-quarter 2011. Street analysts had more than a week to ponder on the news. In the paragraphs that follow, we cover the recent earnings announcement, subsequent...
6Jul2011 | vitalstocks | 0 comments | Continued(ARTC) NeuroTherm Buys ArthroCare Devices
Surgical products maker ArthroCare Corp (ARTC) has reportedly divested its Parallax and Contour product lines used in interventional spine surgeries to leading pain management products maker NeuroTherm, Inc. The Parallax products are used in a number of orthopedic procedures,...
6Jul2011 | vitalstocks | 0 comments | Continued(DTE) DTE Energy Expands Pipeline
Bluestone Gathering, a wholly owned subsidiary of DTE Energy Company (DTE), has signed a long-term agreement with Southwestern Energy Services Company (‘’SES’’) to build and operate a natural gas gathering system in Susquehanna County, Pennsylvania and Broome County,...
6Jul2011 | vitalstocks | 0 comments | Continued(VAR) Varian Medical TrueBeam Lands in Sweden
Leading integrated radiotherapy systems maker Varian Medical’s (VAR) coveted TrueBeam radiotherapy and radiosurgery system has made its Scandinavian debut as it was successfully placed at a leading hospital in Sweden. The advanced therapy system has begun treating cancer patients...
6Jul2011 | vitalstocks | 0 comments | Continued(GM) General Motors Recalls Pickup Trucks
General Motors Company (GM) announced two tires of recall of about 10,000 pickup trucks from the model year 2011 due to problems with their automatic transmission and steering shaft. The first set of recall is related to a faulty automotive transmission clip that could slip and...
6Jul2011 | vitalstocks | 0 comments | Continued(FRX) Forest Laboratories Announces Viibryd Launch
Forest Laboratories, Inc. (FRX) recently announced the launch of Viibryd (vilazodone HCl) tablets in the US. Viibryd, which is approved for the treatment of adults with major depressive disorder, is available at pharmacies across the US. FDA Approval in Jan 2011 Viibryd received...
6Jul2011 | vitalstocks | 0 comments | Continued(DOV) Dover Completes Vienna Acquisition From NXP Semiconductors NV
Dover Corporation (DOV) completed the acquisition of Vienna, an Austria-based Sound Solutions business line of NXP Semiconductors NV (NXPI) for $855 million. The acquisition was initially slated to close by the end of the first quarter of 2011. However, it was delayed due to...
6Jul2011 | vitalstocks | 0 comments | Continued