Archive for September, 2011
(DELL) U.S. Retail Sales Disappoint
Europe remains in the headlines, with rating downgrades for two major French banks due to their Greek exposure. But the overall tone of Europe-centric headlines has improved as the Germans have started to back-peddle from some of their tougher statements. It may be a tad calmer...
20Sep2011 | vitalstocks | 0 comments | Continued(WMT) Walmart Stores Announces Women-Centered Programs
Walmart Stores Inc. (WMT), the world’s leading grocery retailer, has a basket of plans aimed at women across the globe for next five years. The company has announced plans to invest in goods and services from U.S. businesses owned by women and would also train women workers...
20Sep2011 | vitalstocks | 0 comments | Continued(AAPL) Samsung Sues Apple in French Court
The legal tensions between Apple Inc. (AAPL) and Samsung Electronics Co. keeps intensifying, the latest development being that the latter has filed a case against Apple in a district court in Paris, France. Samsung filed a compliant against the tech-giant, accusing Apple’s...
20Sep2011 | vitalstocks | 0 comments | Continued(JPM) JPMorgan Chase & Co. Expects Lower Third Quarter Revenue
JPMorgan Chase & Co.(JPM) anticipates its Investment Bank, Asset Management and Corporate/Private Equity segments to post lower or negative revenues sequentially in the third quarter of 2011. This was stated by Mr. Jes Staley, JPMorgan’s head of investment banking,...
20Sep2011 | vitalstocks | 0 comments | Continued(WU) Western Union Rolls Out New Service
Western Union Business Solutions, a unit of world’s leading money transfer company Western Union Co. (WU), has announced in agreement with TouchNet the introduction of an integrated cross-border payment system for international students. The new service will provide the international...
20Sep2011 | vitalstocks | 0 comments | Continued(CMI) Cummins Raises Sales Targets
Cummins Inc. (CMI) upgraded its long term outlook for revenues and earnings based on tightening diesel engine emission standards, rising price of energy, globalization and growing investments in infrastructure. The company expects to achieve $30 billion in sales, with earnings...
20Sep2011 | vitalstocks | 0 comments | Continued(AVAV) Investing in AeroVironment
Clean Energy and Spy Bots The biggest problem with most clean energy companies is the speculation involved. Most aren’t profitable, at least not yet, especially in the electronic vehicle (EV) market. It’s a guessing game trying to figure out what products or brands will take...
20Sep2011 | InvestmentU | 0 comments | Continued(MRX) Medicis Pharmaceutical Sells LipoSonix Business
Medicis Pharmaceutical Corp. (MRX) recently announced to have entered into a ‘Stock Purchase Agreement’ with Solta Medical, Inc. (SLTM), under which the latter will acquire all the outstanding shares of Medicis Technologies Corporation (formerly LipoSonix, Inc.), a subsidiary...
20Sep2011 | vitalstocks | 0 comments | Continued(FCX) Freeport-McMoRan Copper & Gold Faces Labor Action
Workers at Freeport-McMoRan Copper & Gold‘s (FCX) Grasberg mine in Indonesia plan to go on strike in the coming days after talks with the company failed to resolve a pay dispute, a move that could tighten global copper supplies and lift prices. A strike would be the...
20Sep2011 | vitalstocks | 0 comments | Continued(CAT) Caterpillar Redeems Debt
Caterpillar Inc. (CAT) has redeemed notes issued earlier by Caterpillar Financial Services, for a total amount of $22.622 million. The company decided to redeem 100% of the remaining amount by exercising the call option. The notes that the company redeemed have coupon rate of...
20Sep2011 | vitalstocks | 0 comments | Continued(NYX) NYSE Euronext Allies with Receivables Exchange
In an effort to help companies get short-term funding, yesterday, NYSE Euronext Inc. (NYX) announced the acquisition of a small stake in The Receivables Exchange (TRE). TRE is a leading and first online marketplace in the US for selling debts and other obligations owed by customers,...
20Sep2011 | vitalstocks | 0 comments | Continued(DELL) Dell Increases Share Buyback by $5 Billion
The world’s second largest PC-maker Dell Inc.’s (DELL) board of directors has authorized the repurchase of shares up to an additional value of roughly $5.0 billion. The company still has $2.16 billion available under the existing buyback plan. Following the news, Dell’s...
20Sep2011 | vitalstocks | 0 comments | Continued(OMCL) Omnicell Analyst Maintains Neutral on Shares
We recently reiterated our Neutral recommendation on Omnicell (OMCL) with a target price of $16.00. Omnicell reported an adjusted EPS of 8 cents in the second quarter of fiscal 2011, beating both the Zacks Consensus Estimate and the year-ago quarter’s EPS of 6 cents. Total...
20Sep2011 | vitalstocks | 0 comments | Continued(WU) Western Union Rolls Out New Service
Western Union Business Solutions, a unit of world’s leading money transfer company Western Union Co. (WU), has announced in agreement with TouchNet the introduction of an integrated cross-border payment system for international students. The new service will provide the international...
20Sep2011 | vitalstocks | 0 comments | Continued(CMI) Cummins Raises Sales Targets
Cummins Inc. (CMI) upgraded its long term outlook for revenues and earnings based on tightening diesel engine emission standards, rising price of energy, globalization and growing investments in infrastructure. The company expects to achieve $30 billion in sales, with earnings...
20Sep2011 | vitalstocks | 0 comments | Continued(BK) The Bank of New York Mellon Corporation Calls Off Alcentra Sale
On Monday, Bloomberg, quoting reliable sources, reported that The Bank of New York Mellon Corporation (BK) has called-off the proposed divestiture of its Alcentra unit, which manages nearly $17 billion worth of assets including loans and high-yield bonds. Alcentra has been a...
20Sep2011 | vitalstocks | 0 comments | Continued(SOL) ReneSola Announces Share Repurchase
Leading global manufacturer of solar products, ReneSola Ltd. (SOL), announced that the company repurchased 645,424 of its outstanding ordinary American Depositary Shares (“ADSs”). Earlier in August 2011, ReneSola had announced a repurchase program of $100 million...
20Sep2011 | vitalstocks | 0 comments | Continued(AMSF) Amerisafe Incorporated – Bear of the Day
Amerisafe, Inc.’s (AMSF) second-quarter earnings lagged the Zacks Consensus Estimate substantially, due to high underwriting loss and reduced investment income coupled with higher expenses, which significantly deteriorated the combined ratio, operating cash flow and ROE. The...
20Sep2011 | vitalstocks | 0 comments | Continued(PTEN) Patterson-UTI – Bull of the Day
We are upgrading Patterson-UTI Energy (PTEN) shares to Outperform from Neutral, reflecting strong demand for its services in North America. The company has been benefiting from increased activity in the unconventional oil and liquids-rich plays in the region, which have more...
20Sep2011 | vitalstocks | 0 comments | Continued(NEM) Newmont Mining Gold Output to Double
Gold miner Newmont Mining Corp‘s (NEM) Peruvian subsidiary aims to double annual output to 2.5 million ounces by 2017, once the key projects start operations. Yanacocha, a joint venture between Newmont and Peru’s Buenaventura, is developing the $4.8 billion Minas...
20Sep2011 | vitalstocks | 0 comments | Continued(JPM) U.S. Real state Foreclosure Activity Rises in August 2011
According to the data released by RealtyTrac, the leading online marketplace of foreclosure properties, foreclosure filings in August rose 7% from the prior month with 228,098 properties issued notices of default, auction or repossession during the month. However, this is still...
20Sep2011 | vitalstocks | 0 comments | Continued(WAG) Walgreen in Elite League
Recently, Walgreen (WAG) was ranked 29th among the top 30 technology innovators in the U.S, according to the 2011 Information Week 500. The company added another feather in its cap when it became the top-ranked company in the retail and general merchandising category. The company...
20Sep2011 | vitalstocks | 0 comments | Continued(SLTM) Solta Medical Buying Medicis Unit
Aesthetic laser treatments provider Solta Medical (SLTM) has agreed to acquire Medicis Technologies Corporation, a unit of specialty pharmaceutical company Medicis Pharmaceutical Corporation (MRX), in a deal worth roughly $35 million. Under the agreement, Soltawill pay $15 million...
20Sep2011 | vitalstocks | 0 comments | Continued(ERTS) Electronic Arts Releases NHL12
Video game developer and publisher, Electronic Arts Inc. (ERTS), popularly known as EA, recently launched its latest game NHL 12 in retail stores across North America. NHL 12 is available exclusively on Sony Corp.’s (SNE) PlayStation 3 and Microsoft Corp.’s (MSFT) Xbox 360. NHL...
20Sep2011 | vitalstocks | 0 comments | Continued(ATVI) Activision Blizzard to Unravel Bond 007
From November 1, 2011, ‘espionage’ is set to be redefined when Activision Blizzard Inc. (ATVI) releases its latest James Bond game GoldenEye 007: Reloaded and GoldenEye 007: Reloaded Double ‘O’ Edition. GoldenEye 007: Reloaded will be made available in Microsoft...
20Sep2011 | vitalstocks | 0 comments | Continued(BA) Boeing Earns Wideband Global SATCOM Contract From Air Force
The Boeing Company (BA) received a $1.09 billion contract modification from the U.S. Air Force. The contract modification is for the existing Block II follow-on contract for full production, launch and on-orbit activation of the seventh Wideband Global SATCOM (“WGS”) satellite...
20Sep2011 | vitalstocks | 0 comments | Continued(LMT) Lockheed Martin to Upgrade U.S. Army Tanks
Lockheed Martin Corp. (LMT) said it has received a $28.6 million contract to upgrade tank systems for the U.S. Army Program Executive Office of Simulation, Training and Instrumentation (PEO STRI). The contract entails Lockheed to upgrade more than 60 Advanced Gunnery Training...
20Sep2011 | vitalstocks | 0 comments | Continued(NOC) Northrop Grumman Becomes Inmarsat Distributor
Northrop Grumman Corporation (NOC) said it is partnering with Inmarsat Global Limited, London, to provide leased services and act as a network services distribution partner for Inmarsat Commercial Satellite Services around the world. Northrop’s three-year agreement with Inmarsat...
20Sep2011 | vitalstocks | 0 comments | Continued(LUV) Southwest Airlines Capacity Growth On Hold
The largest U.S. low-cost carrier Southwest Airlines (LUV) plans to keep next year’s capacity relatively flat with the 2011 level. The company might not increase flights even in 2013. The decision was based on surging fuel prices and economic weakness. Given steep rises in...
20Sep2011 | vitalstocks | 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...
20Sep2011 | vitalstocks | 0 comments | Continued