Archive for August, 2011
(TSO) Tesoro Corporation – Bull of the Day
We maintain our long-term Outperform recommendation on Tesoro Corporation (TSO) following a stellar second quarter 2011 performance. Higher throughput, improved margin environment and efficient operational performance aided the company to beat our earnings per share and revenue...
19Aug2011 | vitalstocks | 0 comments | Continued(LOGI) Logitech International – Bear of the Day
We are downgrading our Neutral recommendation on Logitech International (LOGI) to Underperform with a target price of $8.25. In the recently concluded quarter, the company witnessed lower than expected sales, especially in the EMEA region. The weakness in EMEA was the result...
19Aug2011 | vitalstocks | 0 comments | Continued(HPQ) HP Reports Quarterly Earnings In Line
Hewlett-Packard Company (HPQ) reported third quarter 2011 earnings per share (EPS) of $1.10, in line with the Zacks Consensus Estimate. Revenues Revenues increased 1.0% year over year to $31.2 billion but were down 2.0% on constant currency basis. The company reported revenue...
19Aug2011 | vitalstocks | 0 comments | Continued(BAC) Stock Market News for August 19, 2011 – Market News
On Thursday, fears that another recession was in the offing gripped investors in both the domestic and global markets. US markets were plagued by a multitude of concerns and benchmarks incurred heavy losses. To make matters even worse, economic data, which could have been the...
19Aug2011 | vitalstocks | 0 comments | Continued(APKT) Company News for August 19, 2011 – Corporate Summary
• Sears Holdings (NASDAQ:SHLD) posted a Q2 loss of $1.13, wider than the Zacks Consensus Estimate for a loss of $0.64 per share. Revenues for the quarter fell 1.2% year-over-year to $10.33 billion, surpassing the Zacks Consensus Estimate of $10.097 billion• Tech...
19Aug2011 | vitalstocks | 0 comments | Continued(EU) Stock Market News for August 17, 2011 – Market News
Concerns from European corner once again pulled down the markets, as reports about a slowdown in the German economy led to the benchmarks’ first fall in four days. Failed talks between the French and German heads over a resolution to euro-zone debt woes overshadowed positive...
18Aug2011 | vitalstocks | 0 comments | Continued(ACM) Company News for August 17, 2011 – Corporate Summary
• TJX Cos. (NYSE:TJX) posted Q2 EPS of $0.90, beating the Zacks Consensus Estimate of $0.89 per share. Revenues for the quarter rose 7.9% year-over-year to $5.47 billion• JinkoSolar Holding (NYSE:JKS) reported Q2 EPS of $1.38, lower than the Zacks Consensus Estimate...
18Aug2011 | vitalstocks | 0 comments | Continued(GILD) Take Advantage of the Fire Sale in Healthcare
by Marc Lichtenfeld, Investment U Senior Analyst Wednesday, August 17, 2011: Issue #1580 The market’s violent sell-off over the past two weeks took down many good stocks along with the bad ones. Even with the quick bounce, quality companies are still trading at steep discounts...
18Aug2011 | InvestmentU | 0 comments | Continued(T) AT&T to Debut 4G Devices
The second-largest U.S. mobile service provider AT&T Inc. (T) will debut two 4G Long-Term Evolution (LTE) devices and one smartphone in the U.S. on August 21. The two devices, USBConnect Momentum 4G and Mobile Hotspot Elevate 4G, will be available at $49.99 and $69.99, respectively,...
18Aug2011 | vitalstocks | 0 comments | Continued(ANF) Stock Market News for August 18, 2011 – Market News
On Wednesday, The Dow Jones Industrial Average see-sawed between positive and negative territory, eventually closing flat as did the S&P. The Nasdaq closed in the red after tech shares dragged the index lower following Dell’s revised sales forecast. However, a few positive...
18Aug2011 | vitalstocks | 0 comments | Continued(BJ) Company News for August 18, 2011 – Corporate Summary
• Deere (NYSE:DE) reported Q3 EPS of $1.69, ahead of the Zacks Consensus Estimates of $1.68 per share. Revenues for the quarter rose 24.1% year-over-year to $7.72 billion• Dell Inc. (NASDAQ:DELL) posted second quarter 2012 EPS of 54 cents, easily beating the...
18Aug2011 | vitalstocks | 0 comments | Continued(MYL) Mylan and Endo Pharmaceuticals in Legal Tussle
Mylan Inc. (MYL) recently announced that Endo Pharmaceuticals (ENDP) filed a patent infringement lawsuit in connection with an abbreviated new drug application (ANDA) filed by Mylan with the US Food and Drug Administration (FDA) for the generic version of Endo’s acute migraine...
18Aug2011 | vitalstocks | 0 comments | Continued(CVX) EIA: Surprise Build in Crude Stocks
The U.S. Energy Department’s weekly inventory release showed a surprise build-up in crude stockpiles. The agency’s report further revealed that distillate stocks added to their supplies, while gasoline inventories declined for the second-straight week. Meanwhile, refiners...
18Aug2011 | vitalstocks | 0 comments | Continued(LPS) Lender Processing Services – Bear of the Day
Lender Processing Services’ (LPS) second-quarter 2011 results were a mixed bag. Although Lender Processing surpassed the Zacks Consensus Estimate, growth slowed year over year. We are concerned about the high debt on its balance sheet as well as challenging origination...
17Aug2011 | vitalstocks | 0 comments | Continued(SLM) SLM Corporation – Bull of the Day
We are upgrading our recommendation on SLM Corporation (SLM) to Outperform. Its second quarter 2011 core earnings beat the Zacks Consensus Estimate, on the back of an increase in student loan originations, improved credit quality as well as a decline in operating expenses. We...
17Aug2011 | vitalstocks | 0 comments | Continued(EIA) U.S. Energy Department Reports Crude – Fuel Inventories Fall
The U.S. Energy Department’s weekly inventory release showed that crude, gasoline, and distillate stockpiles – all moved downwards, while refiners improved processing rates by 0.7%. The Energy Information Administration (EIA) Petroleum Status Report – which contains...
17Aug2011 | vitalstocks | 0 comments | Continued(SXL) Sunoco Logistics Partners LP – Bull of the Day
Buoyed by a robust operating performance and favorable growth prospects, we are upgrading Sunoco Logistics Partners, LP (SXL) to Outperform from Neutral. Recent results for Sunoco Logistics have been driven by strength in its crude pipeline system and terminals facilities. Importantly,...
17Aug2011 | vitalstocks | 0 comments | Continued(CSC) Computer Sciences Corporation – Bear of the Day
Computer Sciences Corp. (CSC) is one of the leading players in the information technology (IT) services industry. We are apprehensive about the intense competition in the IT and cloud computing space from both small and big players such as Accenture and Hewlett-Packard. Moreover,...
17Aug2011 | vitalstocks | 0 comments | Continued(BK) Company News for August 15, 2011 – Corporate Summary
• Dillard’s Inc. (NYSE:DDS) posted strong second-quarter 2011 earnings of $0.30 per share, outpacing the Zacks Consensus Estimate of $0.19 per share and prior-year quarter earnings of $0.03 per share • J. C. Penney Company, Inc. (NYSE:JCP) posted second-quarter...
16Aug2011 | vitalstocks | 0 comments | Continued(ONXX) Onyx Analyst Downgrades Shares to Underperform
We recently downgraded our recommendation on Onyx Pharmaceuticals, Inc. (ONXX) to Underperform from Neutral. We note that Onyx Pharma’s second quarter 2011 loss of 56 cents was well below expectations, mainly due to lower revenues and higher operating expenses. Despite improved...
16Aug2011 | vitalstocks | 0 comments | Continued(EIA) U.S. Natural Gas Inventories Build Slowly
The U.S. Energy Department’s weekly inventory release showed a smaller-than-expected build-up in natural gas supplies on the back of increased cooling demand spurred by an extremely hot weather. The Weekly Natural Gas Storage Report – brought out by the Energy Information...
16Aug2011 | vitalstocks | 0 comments | Continued(FRED) Stock Market News for August 15, 2011 – Market News
An erratic period for the markets finally came to a close with mild gains on Friday as the retail sales report upped the mood. This was the first time since early July that the Dow and the S&P 500 registered two consecutive days of gains. However, the magnitude of losses...
16Aug2011 | vitalstocks | 0 comments | Continued(CI) CIGNA Corporation – Bull of the Day
CIGNA Corp’s (CI) second quarter core earnings were fairly ahead of the Zacks Consensus Estimate, as well as the year-ago quarter’s earnings. Better-than-expected results were aided by strong earnings from across the board. EPS also benefited from a lower share count...
16Aug2011 | vitalstocks | 0 comments | Continued(IBN) ICICI Bank Analyst Maintains Neutral Rating
We are maintaining our Neutral recommendation on ICICI Bank Limited (IBN). Though we are concerned about ICICI’s highly competitive operating environment and below-average credit quality, we anticipate continued synergies from the company’s increased dependence on domestic...
16Aug2011 | vitalstocks | 0 comments | Continued(ABB) ABB Announces Equipment Orders
ABB Ltd. (ABB) received several orders for equipment from Samsung Heavy Industries, Hyundai Heavy Industries, Keppel FELS and Jurong Shipyard Pte Ltd., for a total value of $200 million. The company will be supplying 23 new Jack-Up and DP drilling vessels and one FPSO will be...
16Aug2011 | vitalstocks | 0 comments | Continued(SNI) Scripps Networks Interactive Scores Agreement For UKTV Stake
Yesterday, Scripps Networks Interactive Inc. (SNI) entered into a definitive agreement with Virgin Media Inc. (VMED) to acquire Virgin Media’s 50% stake in UKTV. UKTV is a 50-50 joint venture between Virgin Media and British Broadcasting Corp. According to the agreement, Scripps...
16Aug2011 | vitalstocks | 0 comments | Continued(GWW) W.W. Grainger to Acquire Fabory Group
Industrial distributor, W.W. Grainger Inc. (GWW) intends to buy European fastener distributor Fabory Group for $344 million to boost its product offerings. The acquisition is expected to close in the third quarter of 2011 and will be accretive to 2012 earnings. Fabory, based...
16Aug2011 | vitalstocks | 0 comments | Continued(SCR) Simcere Pharmaceutical Group Beats on Bottom Line
Simcere Pharmaceutical Group’s (SCR) second quarter 2011 earnings of 21 cents per American Depositary Share (ADS) surpassed the Zacks Consensus Estimate of 13 cents and the year-ago earnings of 10 cents. Increased revenues and lower share count helped boost earnings. Revenues Revenues...
16Aug2011 | vitalstocks | 0 comments | Continued(AAPL) Company News for August 16, 2011 – Corporate Summary
• Google (NASDAQ:GOOG) announced that it will purchase cell phone manufacturer Motorola Mobility Holdings Inc (NYSE:MMI) in a deal worth $12.5 billion or $40 per share. Following this development, shares of Motorola spiked up 55.78% to close at $38.12• On Sunday,...
16Aug2011 | vitalstocks | 0 comments | Continued(AA) Stock Market News for August 16, 2011 – Market News
In what is being termed as the return of “Merger Monday”, an acquisition spree gave a boost to markets which posted its longest rally since early July. Additionally, positive economic news from Japan also brought joy to the markets and helped the Dow record its best three-day...
16Aug2011 | vitalstocks | 0 comments | Continued