Archive for October, 2011
(LMT) Lockheed Martin to Maintain Persistent Threat Detection Systems for Army
Defense contractor Lockheed Martin Corporation (LMT) announced that it received a contract from the U.S. Army worth $383 million to maintain, operate and sustain the Persistent Threat Detection Systems (“PTDS”). PDTS is a helium filled aerostat, which is a highly effective,...
20Oct2011 | vitalstocks | 0 comments | Continued(JNPR) Juniper Delivers Mixed Third Quarter Earnings
Juniper Networks Inc. (JNPR) posted adjusted earnings per share (EPS) of 19 cents in the third quarter of 2011, missing the Zacks Consensus Estimate by a penny. Revenues Juniper Networks’ revenues rose 9.0% year over year to $1.11 billion in the reported quarter. The company...
20Oct2011 | vitalstocks | 0 comments | Continued(HDB) HDFC Bank Limited – ADS – Bear of the Day
HDFC Bank (HDB), like most Indian banks, are expected to encounter higher cost of funds as they have to raise deposit rates to meet increasing loan demand. This will keep margins of some banks including HDFC Bank under pressure. But as lending rates are expected to climb faster...
20Oct2011 | vitalstocks | 0 comments | Continued(WU) Western Union – Bull of the Day
We are upgrading our recommendation on Western Union (WU) to Outperform from Neutral before its third quarter earnings release, as we believe that the leading global money transfer company is set to benefit from a growing remittances market. The Zacks consensus estimates third...
20Oct2011 | vitalstocks | 0 comments | Continued(STT) State Street Beats Earnings on Lower Costs
State Street Corporation (STT) reported third quarter 2011 operating earnings of 96 cents per share, which were significantly ahead of the Zacks Consensus Estimate of 88 cents. However, the results were flat sequentially and favorable with the prior-year quarter earnings of 86...
20Oct2011 | vitalstocks | 0 comments | Continued(MS) Oct 19: The Earnings Parade Continues – Economic Highlights
The earnings parade continues even as the market tries to come to terms with the Apple surprise and waits for the expected weekend deal out of Europe. We also have economic data this morning about September CPI and Housing Starts, but they will likely have less traction in today’s...
20Oct2011 | vitalstocks | 0 comments | Continued(MS) Ahead of Wall Street – October 19, 2011 – Ahead of Wall Street
Wednesday, October 19, 2011 The earnings parade continues even as the market tries to come to terms with the Apple surprise and waits for the expected weekend deal out of Europe. We also have economic data this morning about September CPI and Housing Starts, but they will likely...
20Oct2011 | vitalstocks | 0 comments | Continued(EIA) Oil and Gas Stock Outlook – October 2011 – Industry Outlook
OUTLOOK Crude Oil Mounting worries about Europe’s debt crisis, a persistently weak U.S. jobs market and less-than-encouraging guidance from the Federal Reserve have been weighing on investor sentiment, weakening oil prices to around $85 a barrel. Apprehensions about high...
20Oct2011 | vitalstocks | 0 comments | Continued(GOOG) Motorola Mobility Holdings Unveils New 4G Handset
Motorola Mobility Holdings Inc.(MMI) continues to expand its 4G-enabled smartphone portfolio with the recent launch of Motorola ATRIX 2 smartphone. The new 4G-enabled handset is based on the popular Android 2.3 (Gingerbread) and 1 GHz dual-core processor, which facilitates faster...
18Oct2011 | vitalstocks | 0 comments | Continued(GOOG) Google Remains Search King
In typical style, Google Inc’s (GOOG) third-quarter earnings of $8.33 breezed past the Zacks Consensus Estimate of $7.59. Solid revenue growth across most geographies (other than Western Europe) and impressive growth in mobile drove results in the last quarter. Shares were...
18Oct2011 | vitalstocks | 0 comments | Continued(CHU) China Unicom Analyst Increases Shares to Neutral
We have upgraded our long-term recommendation from Underperform to Neutral on China Unicom (CHU) based on strong 3G subscriber additions. China’s second largest mobile operator’s 3G business is performing well and reached 27 million subscribers at August end. The growth...
18Oct2011 | vitalstocks | 0 comments | Continued(JBHT) J.B. Hunt Transport Services Betters Earnings Forecast – Grows Year over Year
J.B. Hunt Transport Services (JBHT), the third-largest U.S. truckload carrier, reported third quarter 2011 earnings of 57 cents per share, which surpassed the Zacks Consensus Estimate by a penny. Earnings per share soared 39.0% from 41 cents earned in the year-ago quarter on...
18Oct2011 | vitalstocks | 0 comments | Continued(JPM) U.S. Foreclosures Rise Modestly in Third Quarter
According to the data released by RealtyTrac, the leading online marketplace of foreclosure properties, foreclosure filings in the third quarter of 2011 increased slightly from the prior quarter, with 610,337 properties receiving notices of default, auction or repossession during...
18Oct2011 | vitalstocks | 0 comments | Continued(IBM) IBM Third Quarter 2011 Earnings Preview
IBM Corp. (IBM) is scheduled to announce its third quarter 2011 results after the closing bell on October 17, 2011, Monday. We noticed the quarter’s estimates treading in a positive direction, and considering the past trends, we continue to believe another earnings beat is...
18Oct2011 | vitalstocks | 0 comments | Continued(BBY) Motorola Mobility Holdings Opts for Cheaper XOOM
Motorola Mobility Holdings Inc. (MMI) introduced a cheaper XOOM tablet, designed mainly for families. This product is available at Best Buy Co. Inc. (BBY) stores from last Sunday. XOOM tablet was first launched in mid-February 2011 with Verizon Wireless, a joint venture between...
18Oct2011 | vitalstocks | 0 comments | Continued(GOOG) Google Earnings Hit Another Homer in Third Quarter
Even though analysts seemed a tad wary of Google Inc. (GOOG) 3rd quarter 2011 earnings numbers after the closing bell today, the search engine king stepped up to the plate and took one long. Revenues of $9.72 billion were up 33% year over year and 8% sequentially. Diluted EPS...
18Oct2011 | vitalstocks | 0 comments | Continued(TIF) Dollar Stores Win on Double-Dip Fears
One of the most amazing aspects of this economic recovery has been the resiliency of the American consumer. Given a banking/housing/credit crisis that nearly melted down the economy, you would have thought that high-end luxury retailers like Tiffany & Co. (TIF) and Coach...
18Oct2011 | vitalstocks | 0 comments | Continued(EIA) U.S. Energy Department Reports Large Natural Gas Build
The U.S. Energy Department’s weekly inventory release showed a higher-than-expected increase in natural gas supplies, attributable to sagging demand amid robust production. The Weekly Natural Gas Storage Report – brought out by the Energy Information Administration (EIA)...
18Oct2011 | vitalstocks | 0 comments | Continued(EW) Edwards Lifesciences Corporation Earnings Preview
Edwards Lifesciences Corporation (EW) is scheduled to release its third quarter fiscal 2011 results on Wednesday, October 19, 2011 after the market closes. The company is expected to earn 39 cents per share during the quarter on $405 million in revenues, according to the Zacks...
18Oct2011 | vitalstocks | 0 comments | Continued(CSX) CSX Corporation Earnings Preview
CSX Corporation (CSX), one of the leading rail transportation companies, is slated to release its third quarter 2011 results on Tuesday, October 18, after the closing bell. The current Zacks Consensus Estimate for third quarter earnings per share is pegged at 44 cents, representing...
18Oct2011 | vitalstocks | 0 comments | Continued(PRE) PartnerRe Analyst Maintains Neutral Rating
We have reiterated our Neutral recommendation on PartnerRe Ltd. (PRE) based on the recent catastrophe (CAT) losses that have severely dampened the bottom line, partially offset by a risk-free balance sheet and a fair amount of liquidity. PartnerRe’s second quarter operating...
18Oct2011 | vitalstocks | 0 comments | Continued(GS) The Goldman Sachs Group – Bear of the Day
We are downgrading our recommendation on Goldman Sachs (GS) to Underperform from Neutral based on current general economic conditions and the company’s involvement in a number of lawsuits. Previous quarter earnings results deteriorated, owing to decreased revenue and poor...
18Oct2011 | vitalstocks | 0 comments | Continued(UNH) UnitedHealth Group – Bull of the Day
We are upgrading our recommendation on UnitedHealth Group (UNH) to Outperform from Neutral as we believe the company will beat consensus estimates helped by lower medical utilization since both Medicare and Commercial cost trends remain at historical lows. The company’s...
18Oct2011 | vitalstocks | 0 comments | Continued(AAPL) Apple Fourth Quarter 2011 Earnings Preview
Apple Inc. (AAPL) is scheduled to release its fourth quarter 2011 results after the market closes on Tuesday, October 18, 2011. In the run up to the earnings results, we have noticed analysts raising their estimates over the past few days, and considering the past trends we continue...
18Oct2011 | vitalstocks | 0 comments | Continued(MON) Insider Buying and High Yield Bonds – Barry Diller’s Misuse of IAC Funds
by Steve McDonald, Investment U Research Monday, October 17, 2011 Legendary investor Jim Rogers said recently that he owns all commodities, but that he likes agricultural commodities most of all. Agriculture, according to Rogers, is in the worst shape of all in terms of commodity...
18Oct2011 | InvestmentU | 0 comments | Continued(CAM) Cameron International Lands Jette Subsea Contract
Oil drilling equipment maker Cameron International Corp. (CAM) announced a $56 million contract from Norwegian oil company Det Norske Oljeselskap ASA to supply future subsea technology solutions for its oil and gas projects in the North Sea. Cameron said that the deal – representing...
17Oct2011 | vitalstocks | 0 comments | Continued(CINF) Cincinnati Financial Reiterated at Underperform
We are maintaining our Underperform rating on Cincinnati Financial Corp. (CINF), as we believe that a weak economy, low investment yield and bad weather will weaken its return on equity. Cincinnati Financial recently predicted cat losses of $88-98 million after suffering a weather-related...
17Oct2011 | vitalstocks | 0 comments | Continued(MRH) Montpelier Estimates Catastrophe Loss
Montpelier Re Holdings Ltd. (MRH) expects a third quarter preliminary net loss of $30 million from US catastrophes including Hurricane Irene and the Texas wildfires, $20 million from US regional aggregate covers and $10 million from the July Danish floods. Montpelier also expects...
17Oct2011 | vitalstocks | 0 comments | Continued(SHI) China Buying its Way to Shale Technology
by Justin Dove, Investment U Research Friday, October 14, 2011 Sinopec’s (NYSE: SHI) move to purchase Calgary-based Daylight Energy (OTC: DAYYF.PK) and its 300,000 acres of oil and gas-rich land for $2.2 billion certainly wasn’t the first Canadian acquisition by a Chinese...
17Oct2011 | InvestmentU | 0 comments | Continued(RPM) Mixed Aviation Industry Traffic in September
Despite a strong profit outlook for 2011 by The International Air Transport Association (IATA) as well as fare hikes and capacity pull backs, air carriers posted mixed traffic results in September primarily on fluctuations in economic conditions and debt concerns in Europe. Airline...
17Oct2011 | vitalstocks | 0 comments | Continued