Archive for August, 2011
(XLF) Stock Market News for August 12, 2011 – Market News
Wall Street’s volatile run continued on Thursday as encouraging economic data eroded fears of a possible recession at least for the moment, and the markets moved upwards. The Dow created history with its largest one-day percentage moves over the past four sessions, as it went...
13Aug2011 | vitalstocks | 0 comments | Continued(FMCC) U.S. Banks Stock Outlook – Aug. 2011 – Industry Outlook
Whatever be the impending economic state, U.S. banks — the lifeblood of the economy — are actively responding to every legal and regulatory pressure. In fact, this prompt responsiveness has positioned the banks well to encounter upcoming challenges. Along with improving...
11Aug2011 | 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...
11Aug2011 | 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...
11Aug2011 | vitalstocks | 0 comments | Continued(KGC) Kinross Gold Posts Strong Second Quarter Earnings
Gold miner Kinross Gold Corporation (KGC) reported record adjusted net income of $226.5 million or $0.20 per share in the second quarter of 2011, above last year’s $111.4 million or $0.16 per share, outpacing the Zacks Consensus Estimate of $0.16. GAAP net earnings were $247.4...
11Aug2011 | vitalstocks | 0 comments | Continued(GS) The Goldman Sachs Group Sued by National Credit Union Administration
On Tuesday,The Goldman Sachs Group Inc. (GS) was sued by National Credit Union Administration (NCUA), the U.S. regulator of credit unions. The complaint lodged claims that Goldman violated federal and state securities laws and misrepresented documents as an underwriter in the...
11Aug2011 | vitalstocks | 0 comments | Continued(AXP) Stock Market News for August 11, 2011 – Market News
Indices were dealt yet another blow by a multitude of concerns as benchmarks incurred heavy losses on Wednesday. Worries about the debt crisis spreading to Italy and Spain bogged down investor sentiment with additional pressure coming from fears of France losing its AAA rating. The...
11Aug2011 | vitalstocks | 0 comments | Continued(ANX) Company News for August 11, 2011 – Corporate Summary
• According to a report in The New York Times, Capital One (NYSE:COF) has decided to acquire the U.S. credit card business segment of HSBC holdings (NYSE:HSBC) in a deal estimated to be over $2 billion • MakeMyTrip Limited (NASDAQ:MMYT) posted Q1 EPS of $0.04,...
11Aug2011 | vitalstocks | 0 comments | Continued(EMN) Eastman Chemical Completes Sterling Buy
The plastics and chemicals maker Eastman Chemical Co. (EMN) announced that it has completed the acquisition of petrochemical company Sterling Chemicals Inc. for $100 million in cash. The deal was originally announced in June 2011. The deal is expected to be accretive to 2011...
11Aug2011 | vitalstocks | 0 comments | Continued(AOL) Company News for August 10, 2011 – Corporate Summary
• AOL (NYSE:AOL) reported a loss Q2 EPS of $0.11, against the Zacks Consensus Estimate of a profit of $0.02 per share. Revenues for the quarter declined by 8% to $542.2 million• Snyder’s-Lance (NASDAQ:LNCE) posted Q2 EPS of $0.16, ex-items, missing the Zacks...
10Aug2011 | vitalstocks | 0 comments | Continued(AA) Stock Market News for August 10, 2011 – Market News
An unprecedented step by the Federal Reserve to keep the interest rate near zero for another two years returned cheer to the markets as the Dow soared up by 429 points. The Street finally enjoyed one of its best days in two years a day after it was sent crashing following Standard...
10Aug2011 | vitalstocks | 0 comments | Continued(COP) Dividends Are a Good Source of Income – Finding High (and Rising) Dividends
These may be the times that try men’s souls, but this is also the sort of time when long-term investors can snatch up great bargains. What do I mean by a great bargain? A good solid company selling at a low valuation. The reason you buy stocks is that they represent partial...
10Aug2011 | vitalstocks | 0 comments | Continued(AAPL) Apple Gets International Trade Commission to Investigate Patent Charges Against HTC
Apple Inc. (AAPL) recently won an important victory against smartphone maker HTC Corp., after International Trade Commission (ITC) agreed to review its patent infringement complaint against the Taiwan based company. According to a latest report from Bloomberg, ITC will investigate...
10Aug2011 | vitalstocks | 0 comments | Continued(NRF) U.S. Retail Sales Industry Stock Outlook – August 2011 – Industry Outlook
A Glimpse at Fiscal 2010 Fiscal 2010 for retailers was a year of continuous process of streamlining and assimilating internal processes. With this priority in mind, retailers concentrated more on aligning inventories, improving efficiencies and spending on technology, which led...
10Aug2011 | vitalstocks | 0 comments | Continued(USM) Smartphones Drive U.S. Cellular Second Quarter Earnings
United States Cellular Corp. (USM), a subsidiary of Telephone and Data Systems Inc. (TDS) has reported second quarter 2011 earnings per share of 87 cents, superseding the Zacks Consensus Estimate of 40 cents. The company’s earnings registered a whopping 87% growth from 47 cents...
10Aug2011 | vitalstocks | 0 comments | Continued(BAC) Investigating The Decline of U.S. Retail Banks
by Justin Dove, Investment U Research Tuesday, August 9, 2011 There was a time when a trip to the bank would take quite awhile. Friday payday lines were sometimes unbearable. Banks even stocked lollipops to keep restless children quiet during the long waits. Skip to 2011 and...
10Aug2011 | InvestmentU | 0 comments | Continued(CLX) Icahn Bids on Clorox
Clorox Corporation (CLX) disclosed that it has received a conditional acquisition offer from activist investor, Icahn Enterprises L.P. The acquisition, which is subject to due diligence, financing and other conditions, is worth $76.50 per share. Clorox mentioned that it will...
9Aug2011 | vitalstocks | 0 comments | Continued(BA) U.S. Durable Goods Report Is Dismal
New Orders for Durable Goods fell 2.1% in June. That was well below the consensus expectations of an increase of 0.5%. In addition, the May numbers were revised downwards. It was first reported as an increase of 2.1%, but now they say new orders rose 1.9%. Durable goods orders...
9Aug2011 | vitalstocks | 0 comments | Continued(AKS) AK Steel Holding Corporation Adds Surcharge
AK Steel Holding Corporation (AKS) added a surcharge of $460 per ton for a broad range of electrical steel products that it produces. This surcharge will be reflected in the invoices of electrical steel products to be shipped in September 2011. The surcharge is calculated on...
9Aug2011 | vitalstocks | 0 comments | Continued(LUV) Southwest Airlines Plans Share Buyback
One of the leading low cost carriers, Southwest Airlines Co.’s (LUV) board of directors has announced a share repurchase authorization of $500 million. In 2008, the company repurchased 4.4 million shares for approximately $54 million under a $500 million program announced that...
9Aug2011 | vitalstocks | 0 comments | Continued(MCO) Much Ado About a Double-Dip?
Don’t panic. This is not the time to be scared by heated talks on the possibility of a so-called double-dip recession. The global stock market has come crashing down close on the heels of the debt ceiling raise and the dramatic downgrade of the U.S. credit rating by Standard...
9Aug2011 | vitalstocks | 0 comments | Continued(MITI) Micromet Loss Less Than Analyst Estimates – Revenues Rise
Micromet Inc.’s (MITI) second quarter 2011 loss per share came in at 19 cents (after adjusting for the change in fair value of warrants), wider than the year-ago loss of 15 cents per share (also adjusting for the change in fair value of warrants). The loss was, however, narrower...
9Aug2011 | vitalstocks | 0 comments | Continued(ACN) Accenture plc Earns IRS Contract
Technology outsourcing and consulting major Accenture plc (ACN) recently won a 10-year technology service contract from the Internal Revenue Service (IRS) department. These contracts are the primary procurement vehicles for technology-related services within the Internal Revenue...
9Aug2011 | vitalstocks | 0 comments | Continued(EMN) Eastman Chemical Announces 2 For 1 Stock Split
The plastics and chemicals maker Eastman Chemical Co. (EMN) announced that it will increase the payout to its shareholders. The Kingsport-based company declared a 2-for-1 stock split and increased the quarterly cash dividend by 11%. Eastman announced that it will pay a dividend...
9Aug2011 | vitalstocks | 0 comments | Continued(WFC) Wells Fargo & Co Agrees to $590 Million Claim Settlement
Wells Fargo & Co. (WFC) has hit the headlines again and this time for a wrong reason. The company has agreed to pay $590 million to settle claims with investors who alleged Wachovia of misleading investors in a lawsuit, according to a securities filing late last week. Wachovia...
9Aug2011 | vitalstocks | 0 comments | Continued(GB) Greatbatch Analyst Reaffirms Shares at Neutral
We reiterate our Neutral recommendation for Greatbatch Inc. (GB). Second-quarter fiscal 2011 earnings per share of 43 cents met the Zacks Consensus Estimate. Revenues rose 4% year over year to $146.5 million, topping the Zacks Consensus Estimate of $141 million. Sales were boosted...
9Aug2011 | vitalstocks | 0 comments | Continued(BSX) Boston Scientific – Bull of the Day
Boston Scientific (BSX) reported second-quarter adjusted EPS of $0.12 on revenues which increased 2.4% to $1.975 billion. Both numbers beat the Zacks Consensus Estimates. Following the launch of its Ion stent in the US, Boston Scientific increased its market share in the US to...
9Aug2011 | vitalstocks | 0 comments | Continued(DISH) DISH Network Earnings Miss – Subscriber Loss Soars
DISH Network Corp. (DISH) declared mixed financial results for the second quarter of 2011. Though revenue beat the Zacks Consensus Estimate, driven by additional contribution from newly acquired Blockbuster Inc., EPS fell below it. However, the alarming sign is that net subscriber...
9Aug2011 | vitalstocks | 0 comments | Continued(VVUS) Vivus’ Loss Narrowed Due To Lower Spend
Vivus Inc. (VVUS) posted adjusted loss of 14 cents per share during the second quarter of fiscal 2011, in line with the Zacks Consensus Estimate. However, the loss was narrower than the year-ago loss of 27 cents per share. Lower operating expenses led to the narrower loss. The...
9Aug2011 | vitalstocks | 0 comments | Continued(ENZN) Enzon Pharmaceuticals’ Weak Top Line Widens Loss
Enzon Pharmaceuticals’ (ENZN) second quarter 2011 net loss of 12 cents per share (excluding restructuring charge) was wider than the loss of 8 cents suffered in the year-ago quarter as the decline in royalty revenue neutralized the savings from cost-cutting initiatives. The...
9Aug2011 | vitalstocks | 0 comments | Continued