Archive for August, 2011
(ADSK) Company News for August 31, 2011 – Corporate Summary
• DSW Inc. (NYSE:DSW) posted Q2 EPS of $0.74, surpassing the Zacks Consensus Estimate of $0.61 per share. Revenues for the quarter rose 14.7% to $476.3 million • Barnes and Noble (NYSE:BKS) reported a Q1 loss of $0.94 which came in better than the Zacks Consensus...
31Aug2011 | vitalstocks | 0 comments | Continued(BA) Stock Market News for August 31, 2011 – Market News
The fact that a third round of quantitative easing had found favor among a section of Fed members helped the benchmarks end with mild gains on Tuesday. Indices had been trending down initially and sentiment turned further negative following a disappointing consumer confidence...
31Aug2011 | vitalstocks | 0 comments | Continued(ALNY) Alnylam Pharmaceuticals Analyst Maintains Neutral Rating on Shares
We have maintained a Neutral rating on Alnylam Pharmaceuticals, Inc (ALNY) with a target price of $7.00 per share. Alnylam Pharmaceuticals Inc. is a biopharmaceutical company developing novel therapeutics based on a biological breakthrough technology known as RNA (Ribo Nucleic...
30Aug2011 | vitalstocks | 0 comments | Continued(LMT) Aerospace and Defense Stock Outlook – August 2011 – Industry Outlook
The growth of the Aerospace and Defense industry depends largely on the spending outlook of government departments, with the U.S. defense budget being the primary driver. The U.S. is the world’s largest aerospace and defense market, and also home to the world’s largest military...
30Aug2011 | vitalstocks | 0 comments | Continued(ALL) Company News for August 30, 2011 – Corporate Summary
• Bank of America (NYSE:BAC) shares increased 8.12% to close at $8.39 after the bank disclosed it would be selling half of its holdings to China Construction Bank Corp in order to raise capital • Share prices of insurer The Allstate Corp. (NYSE:ALL) advanced 8.50%...
30Aug2011 | vitalstocks | 0 comments | Continued(UAL) Airlines Plan to Resume Operations
After tropical storm Irene hit the East coast, major airline companies were forced to cancel approximately 9500 flight, completely halting operations at the busiest airports in the U.S. including the New York Airport . However, airline companies are seeking to reschedule flights...
30Aug2011 | vitalstocks | 0 comments | Continued(GDP) Stock Market News for August 29, 2011 – Market News
Wall Street registered its first weekly gains in more than a month as the Fed Chairman’s speech sparked hopes of economic stimulus and assured investors that the US is well on course for long-term economic growth. The tech sector helped push the markets higher on Friday, enabling...
29Aug2011 | vitalstocks | 0 comments | Continued(BAC) Company News for August 29, 2011 – Corporate Summary
• According to reports, Bank of America Corporation (NYSE:BAC) has planned to sell at least half of its 10% stake in China Construction Bank • Dell Inc. (NASDAQ:DELL) announced the finalization of its acquisition of Force10 Networks, and Dell expects the purchase...
29Aug2011 | vitalstocks | 0 comments | Continued(DTV) DIRECTV Analyst Maintains Neutral Rating
DIRECTV (DTV) declared excellent financial results for the second quarter of 2011. These solid results were the combined effect of a double-digit growth of the top line and solid margin and ARPU expansion. The company is reaping the benefits of affluent quality subscribers, who...
28Aug2011 | vitalstocks | 0 comments | Continued(JPM) Federal Deposit Insurance Corporation Announces Fewer Banks on Problem List
The number of banks on the Federal Deposit Insurance Corporation’s (FDIC) list of problem institutions saw a sharp decline to 865 in the second quarter from 888 in the sequentially preceding period, the agency said in its quarterly report on the health of the nation’s...
26Aug2011 | vitalstocks | 0 comments | Continued(XOM) U.S. Energy Department’s EIA Data Indicates Mixed Trends
The U.S. Energy Department’s weekly inventory release showed that crude stockpiles fell unexpectedly as imports dropped, while gasoline and distillate both added to their supplies. Meanwhile, refiners enhanced processing rates by 1.2%. The Energy Information Administration...
26Aug2011 | vitalstocks | 0 comments | Continued(ABC) AmerisourceBergen Analyst Reiterates Neutral on Shares
We recently reiterated our Neutral recommendation on AmerisourceBergen Corporation (ABC) with a target price of $40.00. Over the last several years, the company has been benefiting from the growth of the pharmaceutical industry in the US. We believe AmerisourceBergen should continue...
26Aug2011 | vitalstocks | 0 comments | Continued(IBM) International Business Machines Unveils New Cloud Solution
International Business Machines Corp.(IBM) has unveiled its new hybrid cloud solution that is capable of managing and connecting public and private clouds securely for its clients. Hybrid cloud is a composition of two or more clouds (private, community, or public) that are bound...
26Aug2011 | vitalstocks | 0 comments | Continued(TOL) Toll Brothers Misses Profit Estimate
Toll Brothers Inc. (TOL) reported a net income of $42.1 million or 25 cents per share during the third quarter of fiscal 2011 compared with a net income of $27.3 million or 16 cents per share in the year-ago quarter. Reported income in the 2011 quarter included a tax benefit...
26Aug2011 | vitalstocks | 0 comments | Continued(WPI) Watson Pharmaceuticals Analyst Maintains Outperform on Shares
We continue to have an Outperform recommendation on Watson Pharmaceuticals, Inc. (WPI), with a target price of $79.00, following the release of second quarter 2011 results. Watson Pharma’s second quarter earnings of $1.01 per share (excluding special items) outpaced the Zacks...
26Aug2011 | vitalstocks | 0 comments | Continued(APC) U.S. Natural Gas Stocks Expand In Line With Forecasts
The U.S. Energy Department’s weekly inventory release showed an in-line build-up in natural gas supplies. An increase in domestic gas consumption – driven by cooling demand on the back of extremely hot weather conditions in regions of Texas – was offset by decline in...
26Aug2011 | vitalstocks | 0 comments | Continued(TDS) Telephone and Data Systems Analyst Maintains Neutral on Shares
We are currently maintaining our long-term Neutral recommendation on Telephone and Data Systems Inc. (TDS). The stock retains a Zacks # 2 (Buy) Rank for the short term. The company is a diversified telecom service provider offering wireless services through its subsidiary U.S....
26Aug2011 | vitalstocks | 0 comments | Continued(GM) Auto Industry Stock Outlook – August 2011 – Industry Outlook
The auto industry is highly concentrated. About 10 global automakers account for over 77% of the production worldwide and 13 automakers account for more than 90% of total vehicles sold in the U.S. In the first 7 months of 2011, General Motors Company (GM) led with a 20% market...
26Aug2011 | vitalstocks | 0 comments | Continued(PG) Procter & Gamble Earnings Results Ahead of Estimates
Procter & Gamble Co. (PG) reported modest results for the fourth quarter of 2011. Net earnings from continuing operations were 84 cents a share, up 18.0% year-over-year, and two pennies above the Zacks Consensus Estimate of 82 cents. Profits were driven by sales growth and...
26Aug2011 | vitalstocks | 0 comments | Continued(ADM) Archer Daniels Midland – Bear of the Day
We recently downgraded our recommendation on Archer Daniels Midland (ADM) to Underperform following a lower-than-expected fourth-quarter 2011 results. ADM’s quarterly earnings of $0.58 per share missed the Zacks Consensus Estimate of $0.84 and dropped almost 16% from the...
26Aug2011 | vitalstocks | 0 comments | Continued(WYN) Wyndham Worldwide – Bull of the Day
Wyndham Worldwide’s (WYN) second quarter 2011 earnings were ahead of the Zacks Consensus Estimate, primarily due to strong operational performance at each of its three businesses, sound expense management and continued share repurchases. Going forward, we expect Wyndham...
26Aug2011 | vitalstocks | 0 comments | Continued(AAPL) Apple Wins Another Legal Victory
Apple Inc.(AAPL) has won an injunction against Samsung Electronics Co., as a German court barred the latter from selling its Galaxy Tab 10.1 touchscreen tablets in the European Union. However, the ruling has kept Netherlands out of the fray and has not implemented any restriction...
26Aug2011 | vitalstocks | 0 comments | Continued(BGFV) Big 5 Sporting Goods – Bear of the Day
Big 5 Sporting Goods’ (BGFV) second-quarter 2011 earnings dropped the prior-year quarter. The decline was primarily attributable to a 1.7% fall in same-store sales. Accordingly, the company has lowered same-store sales projections for third-quarter 2011, reflecting a sharp...
26Aug2011 | vitalstocks | 0 comments | Continued(ETN) Eaton Corporation – Bull of the Day
Eaton Corp. (ETN), a diversified power management company and global leader in electrical components and systems, outperformed Zacks Consensus Estimates yet again, driven by 12% end-market growth. Eaton sees 2011 shaping up as the best year in its history. Following the better-than-expected...
26Aug2011 | vitalstocks | 0 comments | Continued(BAC) Company News for August 26, 2011 – Corporate Summary
• Hormel Foods (NYSE:HRL) reported Q3 EPS of $0.37, beating the Zacks Consensus Estimate of $0.35. Revenues for the quarter rose 10.4% to $1.91 billion, exceeding the Zacks Consensus Estimate of $1.881 billion • Compass Diversified Holdings (NASDAQ:CODI) said...
26Aug2011 | vitalstocks | 0 comments | Continued(AXP) Stock Market News for August 26, 2011 – Market News
Tense investors chose to raise cash ahead of the Federal Chairman’s speech at Jackson Hole and subsequently dragged the benchmarks lower, negating the effect of Warren Buffet’s $5 billion investment in Bank of America. Additionally, the jobs market painted another gloomy...
26Aug2011 | vitalstocks | 0 comments | Continued(VZ) Verizon Strike Raises Inital Jobless Claims
Initial Claims for Unemployment Insurance rose by 5,000 last week to 417,000. This was worse than the expected level of 400,000. Worse, last week’s numbers were revised upwards by 4,000, so one could see it as a increase of 9,000. Recently, initial jobless claims seem stuck...
25Aug2011 | vitalstocks | 0 comments | Continued(DAL) Delta Air Lines Announces Order for 100 Boeing Aircraft
The second-largest U.S. airline, Delta Air Lines Inc. (DAL), is set to order 100 Boeing (BA) 737 planes in a bid to replace its older fleet with more advanced and fuel-efficient aircraft. The order is estimated to be valued at approximately $8.6 billion. Delta initiated the plan...
25Aug2011 | vitalstocks | 0 comments | Continued(MYL) Mylan Analyst Reaffirms Shares at Neutral
We have maintained our Neutral recommendation on Mylan Inc. (MYL) with a target price of $19.00 following an appraisal of second quarter 2011 financial results. Mylan’s second quarter 2011 earnings (excluding special items) of 52 cents per share were above the Zacks Consensus...
25Aug2011 | vitalstocks | 0 comments | Continued(AEO) Company News for August 25, 2011 – Corporate Summary
• Retailer American Eagle Outfitters Inc.’s (NYSE:AEO) shares declined 8.78% to $10.60 after the teen-clothing retailer lowered its earnings outlook for the year 2012• US listed shares of beer maker Heineken NV (PINK:HINKY) fell 6.53% after the brewer revealed...
25Aug2011 | vitalstocks | 0 comments | Continued