Archive for September, 2011
(HSIC) Henry Schein Extends Reach
Henry Schein (HSIC), the largest provider of health care products and services to office-based practitioners, recently opened a dental suit for children at Shriners Hospital, Hawaii. The dental suit namely, Dr. Gary I. Kondo Dental Suite will offer treatment to patients from...
19Sep2011 | vitalstocks | 0 comments | Continued(DISH) Dish Network Announces Video Streaming to Tap Netflix Customers
The low-priced leader in the U.S pay TV industry, Dish Network Corp. (DISH), in an attempt to capitalize on the recent price hike from the leading on-demand internet streaming media Netflix, Inc. (NFLX) plans to announce its new video streaming service rates on September 23,...
19Sep2011 | vitalstocks | 0 comments | Continued(EMC) EMC Opens New Durham, North Carolina Datacenter
EMC Corp. (EMC) recently announced that it has opened a new datacenter in Durham, North Carolina. The 450,000 square foot Center of Excellence (COE) is EMC’s seventh datacenter and the first one in the US. The other six COE’s are located in India, China, Egypt, Israel, Ireland...
19Sep2011 | vitalstocks | 0 comments | Continued(AAPL) Samsung Electronics Files Apple Countersuit in Australia
Recently, Samsung Electronics Co. filed a countersuit against Apple Inc. (AAPL) in Australia, alleging violation of seven Australian patents owned by Samsung related to wireless communications standards. Apple had earlier won an injunction against Samsung Electronics Co., under...
19Sep2011 | vitalstocks | 0 comments | Continued(BCS) Company News for September 19, 2011 – Corporate Summary
• Shares of blackberry smart phone maker Research In Motion Ltd. (NASDAQ:RIMM) declined 18.99% after the company posted poor earnings results that came in below expectations • New York Post reported that Apollo Global Management LLC (NASDAQ:APO) is expected to...
19Sep2011 | vitalstocks | 0 comments | Continued(ALJ) Stock Market News for September 19, 2011 – Market News
On Friday, U.S. markets inched up to close in the green with the S&P 500 recording its highest rally since July 2011. Hopes of EU overcoming its sovereign debt crisis gathered strength after Treasury Secretary Timothy Geithner said US would join other EU leaders to seek out...
19Sep2011 | vitalstocks | 0 comments | Continued(CAR) Company News for September 15, 2011 – Corporate Summary
• Dell Inc. (NASDAQ:DELL) announced its plans to add an additional $5 billion shares to its stock-repurchase program taking the total number of shares to be re-purchased to about $2.1 billion • Avis Budget Group (NYSE:CAR) said it will not attempt to acquire Dollar...
17Sep2011 | vitalstocks | 0 comments | Continued(VZ) Verizon Communications Launches Unlimited Prepaid
Verizon Communications (VZ) recently unveiled its first unlimited prepaid plan for $50.00 a month. The plan would include unlimited voice, text and internet services. Prepaid wireless services remain an emerging business for U.S. telecom carriers, accounting for approximately...
17Sep2011 | vitalstocks | 0 comments | Continued(XOM) U.S. Crude Oil Inventory Stocks Dip – Products Build
The U.S. Energy Department’s weekly inventory release showed that crude stockpiles fell more than twice that of analyst expectations to reach their lowest level since February, as Tropical Storm Lee reduced production. However, the overall nature of the data is bearish...
17Sep2011 | vitalstocks | 0 comments | Continued(XLK) Stock Market News for September 15, 2011 – Market News
Cross-Atlantic news and a positive turn of events guided the markets’ throughout Wednesday’s session, finally boosting the benchmarks to their third-straight days of gains. Initially, negative news from Austria seemed to threaten the markets, while Moody’s downgraded French...
17Sep2011 | vitalstocks | 0 comments | Continued(EU) Chemical Industry Stock Outlook – September 2011 – Industry Outlook
Chemicals are generally used to make a wide variety of consumer goods and are also used in agriculture, manufacturing, construction and service industries. The chemical industry itself consumes 26% of its own output. Major industrial customers include rubber and plastic products,...
16Sep2011 | vitalstocks | 0 comments | Continued(JBLU) JetBlue Airways August Traffic Rises
The discounted U.S. airline JetBlue Airways Corporation (JBLU) reported a 5.8% year-over-year increase in August 2011 traffic. Airline traffic is measured in billions of revenue passenger miles, which implies one mile flown by one passenger. On a year-over-year basis, capacity...
16Sep2011 | vitalstocks | 0 comments | Continued(EXPE) Expedia Incorporated – Bull of the Day
Expedia, Inc. (EXPE), one of the leading online travel companies in the world, solidly beat the Zacks Consensus Estimate in the second quarter, despite higher expenses. A stronger economy, increased travel spending by both individuals and corporations and international expansion...
16Sep2011 | vitalstocks | 0 comments | Continued(BHI) U.S. Loses 10 Oil Rigs over the Week
In its weekly release, Houston-based oilfield services company Baker Hughes Inc. (BHI) reported a dip in the U.S. rig count (number of rigs searching for oil and gas in the country). This can be primarily attributed to a decrease in the tally of land rigs. The Baker Hughes rig...
16Sep2011 | vitalstocks | 0 comments | Continued(BAC) Company News for September 16, 2011 – Corporate Summary
• Pier 1 Imports (NYSE:PIR) posted Q2 EPS of $0.14, in line with Zacks Consensus Estimates. Revenues for the quarter rose 9.6% to $339.6 million • Swiss bank UBS AG’s (NYSE:UBS) share prices fell 10.02% after the banking giant revealed that rogue trading...
16Sep2011 | vitalstocks | 0 comments | Continued(XLF) Stock Market News for September 16, 2011 – Market News
Coordinated action between the European Central Bank and international money lenders eased concerns about the European debt situation, egging on the markets to their fourth-straight day of gains. With investors placing greater emphasis on news from across the Atlantic, disappointing...
16Sep2011 | vitalstocks | 0 comments | Continued(GOOG) Motorola Mobility Holdings Analyst Remains Neutral
We reaffirm our long-term Neutral recommendation on Motorola Mobility Holdings Inc. (MMI) following its recent agreement with Google Inc. (GOOG), which will enable the later to acquire 100% of the company. Motorola Mobility reported mixed financial results for the second quarter...
15Sep2011 | vitalstocks | 0 comments | Continued(DUK) Duke’s Wind Power Power’s Delaware Municipal Electric Corporation
Duke Energy Renewables, a commercial business unit of Duke Energy Corporation (DUK), will build and operate a new Laurel Hill Windpower Project in Lycoming County, north-central Pennsylvania. Under a 25-year agreement, it will sell the electricity generated from it to Delaware...
15Sep2011 | vitalstocks | 0 comments | Continued(AZO) U.S. Retail Sales Flat in August
Retail and food service sales were unchanged in August, below expectations of a 0.2% increase. July was revised down from an increase of 0.5% to an increase of 0.3%. Total retail sales are up 7.2% from a year ago. This was a disappointing report, and shows the consumer is still...
15Sep2011 | vitalstocks | 0 comments | Continued(GOOG) Google Beefs Up Flight Search
Google Inc’s (GOOG) revamped air ticket portal launched without much fanfare on Tuesday. Without a doubt, the search giant is entering the travel market, something made easy with its acquisition of ITA Software, which was recently cleared by the Justice Department. As may be...
15Sep2011 | 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...
15Sep2011 | 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...
15Sep2011 | 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, isdeveloping the $4.8 billion Minas Conga....
15Sep2011 | vitalstocks | 0 comments | Continued(CBRL) Cracker Barrel Old Country Store Beats Estimates
Cracker Barrel Old Country Store Inc. (CBRL) reported fourth quarter 2011 adjusted earnings of 99 cents per share, beating the Zacks Consensus Estimate of 90 cents. Quarterly earnings exclude a charge of 25 cents related to organizational changes and a new bank facility. On...
15Sep2011 | vitalstocks | 0 comments | Continued(WAG) Walgreen Ranked as Technology Innovator
Recently, Walgreen (WAG) was ranked 29th among the top 30 technology innovators in the U.S, according to the 2011 InformationWeek 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...
15Sep2011 | vitalstocks | 0 comments | Continued(PLCM) Polycom Partners With Jive Software
A leading provider of video and audio conferencing equipment and related network infrastructure, Polycom, Inc. (PLCM) recently partnered with a reputed social business solution provider, Jive Software to combine its popular HD video communication service with the latter’s other...
15Sep2011 | vitalstocks | 0 comments | Continued(TRW) TRW Automotive Holdings Plans Investments
TRW Automotive Holdings Corp. (TRW) recently announced a host of investment plans in order to support its long-term business growth. The company plans to open 11 new plants by the end of 2012 and launch a number of new products across each of its key markets. The company expects...
15Sep2011 | vitalstocks | 0 comments | Continued(DAL) Delta Air Lines to Fly Less in 2012
The second largest U.S. airline Delta Air Lines Inc. (DAL) plans to trim its capacity by 2–3% next year followed by this year’s capacity reductions. The cuts will be in markets where fare hikes are unable to deal with higher fuel prices. The company’s flight reduction strategy...
15Sep2011 | vitalstocks | 0 comments | Continued(AXR) U.S. Home Builders Rated by ValuEngine.com
The housing market continues to struggle as news today indicates that new-home sales fell during July to the lowest level in five months. Sales decreased by 0.7% on a monthly basis to a seasonally adjusted annual rate of 298,000. This is the worst number since February. Sales...
15Sep2011 | valuengine | Comments Off | Continued(ZUMZ) Zumiez Second Quarter 2011 Earnings Scorecard
Recently, specialty retailer Zumiez Inc. (ZUMZ) announced its financial results for the second-quarter of 2011. Street analysts had nearly a week to ponder on the news. In the subsequent paragraphs, we cover the recent earnings announcement, analysts’ estimate revisions...
15Sep2011 | vitalstocks | 0 comments | Continued