Archive for September, 2011
(AMZN) Amazon Enters Crowded Tablet Market
Amazon.com Inc.(AMZN) stepped into the intensely competitive tablet market with the launch of its first media tablet: “Kindle Fire”. This segment is already crowded with tablet makers such as Research In Motion Ltd. (RIMM), Hewlett-Packard Co. (HPQ), Dell Inc. (DELL), Samsung,...
30Sep2011 | vitalstocks | 0 comments | Continued(CHK) Utica Shale Could Generate 204,500 Jobs
by Justin Dove, Investment U Research Thursday, September 29, 2011 The Ohio Oil and Gas Energy Education Program (OOGEEP) released a very bullish projection this month on the economic impact of Utica shale activity in the region. The report predicted that Utica shale production...
30Sep2011 | InvestmentU | 0 comments | Continued(VZ) Motorola Mobility Holdings Unveils 4G XOOM
Motorola Mobility Holdings Inc. (MMI) has finally launched its next-generation (4G) Long-Term Evolution (LTE) technology enabled XOOM tablet. This product was launched in mid-February 2011 with Verizon Wireless, a joint venture between Verizon Communications Inc. (VZ) and Vodafone...
30Sep2011 | vitalstocks | 0 comments | Continued(AAPL) Company News for September 29, 2011 – Corporate Summary
• McCormick & Co. (NYSE:MKC) posted Q3 EPS of $0.69, ex-items, higher than the Zacks Consensus Estimate of $0.64 per share. Revenues for the quarter rose 16% year-over-year to $920.4 million, exceeding the Zacks Consensus Estimate of $870 million• Amazon.com...
29Sep2011 | vitalstocks | 0 comments | Continued(AA) Stock Market News for September 29, 2011 – Market News
Benchmarks snapped their three-day winning streak as investors grew anxious about Europe’s lingering debt crisis that is now threatening the global economy. Commodity shares dragged down indices as energy and raw materials lost their sheen after a steep drop in their prices. The...
29Sep2011 | vitalstocks | 0 comments | Continued(WFC) Wells Fargo Invests in Solar Energy
Last week, Wells Fargo & Company (WFC) announced to finance for the operation of 53.5 megawatt (MW) photovoltaic solar power project of Sun Edison in New Mexico. The project includes five solar power plants, while three plants will be activated in the installation phase. The...
28Sep2011 | vitalstocks | 0 comments | Continued(EQR) Used Home Prices Stabilize in July
In July, home prices were mixed on a seasonally adjusted basis. The Case-Schiller Composite 10 City index (C-10) fell a slight 0.12% on a seasonally adjusted basis, and is down 3.77% from a year ago. The broader Composite 20 City index (which includes the cities in the C-10)...
28Sep2011 | vitalstocks | 0 comments | Continued(IBM) CoreLogic Acquisition Rumors Flaring Up
by Justin Dove, Investment U Research Tuesday, September 27, 2011 Back on August 30, data and analytics company CoreLogic (NYSE: CLGX) announced that it hired investment bank Greenhill & Co.to help advise a potential sale. Friday, rumors were picking up steam as analysts...
28Sep2011 | InvestmentU | 0 comments | Continued(GGB) Gerdau S.A. – ADR – Bear of the Day
Brazilian steelmaker Gerdau S.A.’s (GGB) second quarter results were rather disappointing as the company’s EPS of $0.18 plummeted 38% year over year and lagged behind the Zacks Consensus by 14 cents. Results were plagued by higher raw material costs that have been...
28Sep2011 | vitalstocks | 0 comments | Continued(NYT) Publishing Industry Stock Review – September 2011 – Industry Outlook
The publishing industry has long been grappling with sinking advertising revenue, and the global economic meltdown has worsened the situation. The economic downturn came in the wake of a longer-term secular decline as more readers choose to get news free online, thereby making...
28Sep2011 | vitalstocks | 0 comments | Continued(DHI) U.S. New Home Sales Move Down Slightly
New Home Sales in August fell by 2.3% from July to a rate of 295,000. Relative to a year ago, sales are up 6.1%. While the year-over-year rebound is more than welcome, it is still a very dismal rate of new home sales. However, there was an upward revision to the July numbers...
27Sep2011 | vitalstocks | 0 comments | Continued(JPM) U.S. FDIC Announces Two Bank Failures – Takes Count to 73 in 2011
After a week’s pause, U.S. regulators were back in action. The sector saw a couple of banks topple in Virginia and California last week. This brings the total number of U.S. bank failures to 73 so far in 2011, following 157 in 2010, 140 in 2009 and 25 in 2008. While the financials...
27Sep2011 | vitalstocks | 0 comments | Continued(ENZN) Enzon Pharmaceuticals Plans a 50% Workforce Cut
Enzon Pharmaceuticals (ENZN) recently announced that it will reduce its workforce by almost half to better align its resources with much tempered pipeline activities. The research and development pipeline at Enzon was reduced drastically in the last few months. During the second...
27Sep2011 | vitalstocks | 0 comments | Continued(AAPL) Company News for September 27, 2011 – Corporate Summary
• Share prices of Buffet’s Berkshire Hathaway (NYSE:BRKB) closed 8.62% higher after the company said it might buy back stock for the first time since 1965 • i-Phone maker Apple’s (NASDAQ:AAPL) shares fell marginally, by 0.28% to close at $403.17...
27Sep2011 | vitalstocks | 0 comments | Continued(BHI) U.S. Gains Six Oil-Drilling Rigs Over the Week
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) to its highest level since November 7, 2008. This can be primarily attributed to an increase...
27Sep2011 | vitalstocks | 0 comments | Continued(XLF) Stock Market News for September 27, 2011 – Market News
Hopes of a likely resolution to the lingering European debt crunch steered the benchmarks into positive territory with the Dow logging its best percentage gain in almost a month. Reports of a plan to leverage money from the European Financial Stability Facility paved the way...
27Sep2011 | vitalstocks | 0 comments | Continued(KR) California Survives Strike After United Food and Commercial Workers Union Settles
Southern California, which is one of the most competitive food retailing markets in the United States, recently witnessed a withdrawal of a 141 workers’ strike after the United Food and Commercial Workers union arbitrated in settling a long-standing dispute between the workers...
27Sep2011 | vitalstocks | 0 comments | Continued(CTRN) Citi Trends Incorporated – Bear of the Day
Citi Trends, Inc. (CTRN) falling comparable store sales, coupled with rising input costs and operating expenses battered the second-quarter 2011 results. The company witnessed a quarterly loss of $0.69 per share that broadened 17 folds from the prior-period loss of $0.04. The...
27Sep2011 | vitalstocks | 0 comments | Continued(XRAY) DENTSPLY International – Bull of the Day
We upgrade our recommendation on DENTSPLY International (XRAY) to Outperform based on our improved visibility on the stock. Its second-quarter fiscal 2011 revenues and earnings topped the Zacks Consensus Estimates. Revenues and profit were boosted by internal growth and a foreign...
27Sep2011 | vitalstocks | 0 comments | Continued(EIA) U.S. Energy Department’s Natural Gas Data In-Line
The U.S. Energy Department’s weekly inventory release showed a build-up in natural gas supplies towards the lower end of expectations. However, the increase in storage was still well above the 5-year average rate, as benign fall temperatures continue to restrict the commodity’s...
27Sep2011 | vitalstocks | 0 comments | Continued(SLE) Sara Lee Corporation – Bear of the Day
We have downgraded the recommendation of Sara Lee Corp. (SLE) to Underperform from Neutral as the company remains under tremendous inflationary pressure, further burdened by severe competition from several branded and private label products. Though the company is making efforts...
26Sep2011 | vitalstocks | 0 comments | Continued(AMSG) AmSurg Corporation – Bull of the Day
AmSurg Corp.’s (AMSG) second quarter EPS of $0.38 met the Zacks Consensus Estimate and the year-ago EPS. Economic uncertainty has been impacting AmSurg potential customers deferring elective procedures, but its top line improved due to growth in total procedures with the...
26Sep2011 | vitalstocks | 0 comments | Continued(EXPE) Company News for September 26, 2011 – Corporate Summary
• Shares of American Medical Alert Corp (NASDAQ:AMAC) jumped 48% after Tunstall Healthcare Group announced that it was acquiring the health-services provider for $82.3 million • Nike Inc. (NYSE:NKE) posted fiscal 2012 first-quarter earnings of $1.36 per share,...
26Sep2011 | vitalstocks | 0 comments | Continued(C) Stock Market News for September 26, 2011 – Market News
After four consecutive days of heavy sell-offs, markets edged up modestly on Friday, bringing to a close one of their worst weeks in almost three years. Mounting fear and anxiety over Europe’s debt crisis coupled with the Federal Reserve’s gloomy forecast about the US economy...
26Sep2011 | vitalstocks | 0 comments | Continued(BA) Boeing Hopes to Ride Asia Pacific Boom
The Boeing Company (BA) forecasts the Asia Pacific region will require hundreds of thousands of new commercial airline pilots and technicians over the next 20 years to support airline fleet modernization and the rapid growth of air travel. Boeing expects to capture a large chunk...
24Sep2011 | vitalstocks | 0 comments | Continued(URS) URS Corporation Wins Contract
URS Corporation (URS) received an order from the Department of Defense to provide the US Army aviation maintenance services. The task order is for a period of two years and has been granted under URS’ Contract Field Teams’ (CFT) Indefinite Delivery/Indefinite Quantity contract....
24Sep2011 | vitalstocks | 0 comments | Continued(GD) General Dynamics to Acquire Metro Machine
General Dynamics Corporation (GD) has entered into an agreement to acquire Metro Machine Corp., a leading East Coast surface-ship repair company that supports the U.S. Navy fleet in Norfolk, Virginia. The acquisition is expected to be accretive to General Dynamics’ earnings...
24Sep2011 | vitalstocks | 0 comments | Continued(MRH) Montpelier Re Holdings Unit Sees Rating Action on MUSIC
Following the announcement of Montpelier Re U.S. Holdings Ltd., a wholly-owned subsidiary of Montpelier Re Holdings Ltd. (MRH), to divest Montpelier US Insurance Company (MUSIC), A.M. Best Co. has put the financial strength rating (FSR) of A- (Excellent) and issuer credit rating...
24Sep2011 | vitalstocks | 0 comments | Continued(OREX) Orexigen Therapeutics Lifeline for Contrave
Orexigen Therapeutics, Inc.‘s (OREX) shares climbed significantly following a meeting with the US Food and Drug Administration’s (FDA) office of new drugs (OND) regarding the development path for its obesity candidate Contrave. Following the OND’s decision, Orexigen...
24Sep2011 | vitalstocks | 0 comments | Continued(MON) Monsanto Wins Lawsuit – Saves Patent
Monsanto Co. (MON), the world’s largest seed company, announced that it won another lawsuit against Indiana soybean farmer, Vernon Bowman. In 2007, the company sued the soybean farmer, accusing him of patent infringement for planting and saving seeds containing Monsanto’s...
24Sep2011 | vitalstocks | 0 comments | Continued