Archive for October, 2011
(CTXS) Citrix Systems Analyst Remains Neutral
Citrix Systems Inc. (CTXS) declared strong financial results for the second quarter of 2011, beating the Zacks Consensus Estimates. Global trends toward virtualization and cloud computing are facilitating Citrix to report impressive results. Management raised its financial forecast...
6Oct2011 | vitalstocks | 0 comments | Continued(IBM) International Business Machines Partners with High Energy Accelerator Research Organization of Japan
International Business Machines Corp. (IBM) and High Energy Accelerator Research Organization of Japan, also known as KEK, have joined hands to develop a server and storage solution named “KEK Central Computer System.” The KEK Central Computer System will consist...
6Oct2011 | vitalstocks | 0 comments | Continued(RTN) Raytheon Certified on Radar Upgrade
Raytheon Company (RTN) received certification from the Federal Aviation Administration (“FAA”) with respect to the upgrade of aging radar electronics. The administration stated that the company’s advanced electronics system has achieved a milestone for the Long Range Radar...
6Oct2011 | vitalstocks | 0 comments | Continued(V) Card Giants Ease Over Fed Rulings
Lobbying charges for Visa Inc. (V), American Express Co. (AXP), MasterCard Inc. (MA) and Discover Financial Services (DFS) witnessed a decline for the second quarter of 2011, reflecting reduced anxiety over financial overhaul reforms. All the card giants lobbied the federal government...
6Oct2011 | vitalstocks | 0 comments | Continued(XOM) U.S. Crude Oil, Fuel Inventories Rise
The U.S. Energy Department’s weekly inventory release showed a surprise build-up in crude stockpiles following three consecutive weeks of decline. The agency’s report further revealed that both gasoline and distillate stocks added to their supplies, while refiners reduced...
6Oct2011 | vitalstocks | 0 comments | Continued(AAPL) Apple Rejects Samsung Patent Infringement Offer
According to a recent report from news agency Reuters, Apple Inc. (AAPL) rejected an offer from Samsung Electronics Co that would have helped the U.S. company secure a quick court ruling over the patent infringement case it currently fights with the Korean company in Australia. Of...
6Oct2011 | vitalstocks | 0 comments | Continued(GPS) Gap Analyst Assigns Neutral Recommendation
We maintain our Neutral recommendation on Gap Inc. (GPS). Gap is one of the leading players in the highly fragmented specialty retail sector offering a diverse range of clothing, accessories and personal care products for men, women, children and babies. Its flagship brands include...
6Oct2011 | vitalstocks | 0 comments | Continued(EPD) Enterprise Products Partners L.P. – Enbridge in Pipeline Joint Venture
Midstream service providers, Enterprise Products Partners L.P. (EPD) and Enbridge Inc. (ENB) have entered a joint venture agreement to build a pipeline –– Wrangler –– connecting the oil-storage hub of Cushing, Oklahoma, to refiners on the Gulf Coast. With the initial...
6Oct2011 | vitalstocks | 0 comments | Continued(EW) Edwards Lifesciences Announces Share Buyback
Edwards Lifesciences Corporation (EW) recently announced a new share repurchase program worth $500 million. At the end of the second quarter of fiscal 2011, the company was left with $240 million of authorization. Edwards expects to repurchase approximately $100 million worth...
6Oct2011 | vitalstocks | 0 comments | Continued(ADP) ADP Employment Survey Sees 91K Private Jobs Added
The Automatic Data Processing (ADP) employment survey was stronger than expected in September. It shows that private sector employment rose by 91,000, above consensus expectations for a 48,000 increase. The August numbers were revised down slightly to a gain of 89,000 jobs from...
6Oct2011 | vitalstocks | 0 comments | Continued(KO) Coca-Cola Analyst Maintains Neutral on Shares
We reaffirm our Neutral recommendation for The Coca-Cola Co. (KO) following the second quarter 2011 earnings of $1.17 per share, which exceeded the Zacks Consensus Estimate by a penny. It also exceeded the prior-year quarter earnings of $1.06 and were ahead of the company’s...
6Oct2011 | vitalstocks | 0 comments | Continued(ALXA) Company News for October 5, 2011 – Corporate Summary
• Drug developer Transcept Pharmaceuticals Inc.’s (NASDAQ:TSPT) shares increased 33.77% to close at $8.08 after the company’s experimental sleep treatment got approved from the regulators • Share prices of General Maritime Corp. (NYSE:GMR) declined 7.35% ...
6Oct2011 | vitalstocks | 0 comments | Continued(DFS) Discover Financial Services – Bull of the Day
Discover Financial Services (DFS) third-quarter earnings came in substantially ahead of the Zacks Consensus Estimate, driven by lower loan loss provision, higher transaction and credit card sales volumes, loan loss reserve release growth and record-low delinquency and charge-off...
6Oct2011 | vitalstocks | 0 comments | Continued(CSCO) Stock Market News for October 5, 2011 – Market News
A rush for buying technology and beaten-down stocks coupled with news that European finance ministers were backing up a plan to rescue banks led to a late-hour rally and sent benchmarks higher. The S&P 500 added 2.3% in the final hours after slumping 2.2% during the day and...
6Oct2011 | vitalstocks | 0 comments | Continued(WRB) W.R. Berkley Corp.- Bear of the Day
We are downgrading our recommendation on W.R. Berkley Corp. (WRB) to Underperform from Neutral, reflecting slightly lower investment yield assumptions and modestly higher loss ratio forecasts which would eat into underwriting margins. Berkley has been hurt by soft pricing conditions...
5Oct2011 | vitalstocks | 0 comments | Continued(MCO) Insurance Industry Stock Update – September 2011 – Industry Outlook
Despite a series of natural disasters and consequent above-average losses, the U.S. insurance industry could rebound only with help from rising rates and reduced pricing pressure. Though financials of U.S. insurance companies are still not strong enough to soak up losses from...
5Oct2011 | vitalstocks | 0 comments | Continued(FII) Federated Investors Incorporated – Bear of the Day
Federated Investors’ (FII) second-quarter 2011 earnings were in line with the Zacks Consensus Estimate. Results reflected decreased top-line growth, increase in voluntary fee waivers, and increased operating expenses. These negatives were further offset by a rise in fixed...
5Oct2011 | vitalstocks | 0 comments | Continued(PAA) Plains All American LP – Bull of the Day
Plains All American Pipeline LP (PAA) maintained its strong performance from the first quarter, with its revenues increasing across the board. Going forward, the partnership expects the strong performance to continue into the second half of 2011, and therefore raised its EBITDA...
5Oct2011 | vitalstocks | 0 comments | Continued(AGU) Agrium Incorporated – Bull of the Day
Agrium, Inc. (AGU) delivered net earnings of $4.54 per share in the second quarter of 2011, surpassing the Zacks Consensus Estimate of $4.21. The strong quarter was supported by record high crop prices and overall strong fundamentals for agriculture and the crop input market. Recently,...
5Oct2011 | vitalstocks | 0 comments | Continued(AGU) Agrium Incorporated – Bull of the Day
Agrium, Inc. (AGU) delivered net earnings of $4.54 per share in the second quarter of 2011, surpassing the Zacks Consensus Estimate of $4.21. The strong quarter was supported by record high crop prices and overall strong fundamentals for agriculture and the crop input market. Recently,...
4Oct2011 | vitalstocks | 0 comments | Continued(CHK) Ohio’s Utica Shale Land Value Increases 10 Times
by Steve McDonald, Contributing Editor, Investment U Monday, October 3, 2011 What’s going on in Ohio is nothing short of a gas rights frenzy! Just when it seemed like the United States was becoming the Saudi Arabia of gas, Eastern Ohio starts oozing some of the richest shale...
4Oct2011 | InvestmentU | 0 comments | Continued(XOM) U.S. Crude Oil and Fuel Inventories Rise
The U.S. Energy Department’s weekly inventory release showed a surprise build-up in crude stockpiles following three consecutive weeks of decline. The agency’s report further revealed that both gasoline and distillate stocks added to their supplies, while refiners reduced...
4Oct2011 | vitalstocks | 0 comments | Continued(AMR) Company News for October 4, 2011 – Corporate Summary
• Shares of AMR Corp. (NYSE:AMR) parent company of American Airlines fell on an increased fear of recession in the U.S. due to which the carrier can file for bankruptcy • Shares of Eastman Kodak (NYSE:EK) rose 71.77% to $1.34 after the company issued a statement...
4Oct2011 | vitalstocks | 0 comments | Continued(BAC) Stock Market News for October 4, 2011 – Market News
Fears arising from the Greek debt crisis pushed the benchmarks lower and the S&P 500 logged its lowest closing level since September 2010.October began on a despondent note, as Greece’s acknowledgement of possibly not meeting its target of deficit reduction for this year...
4Oct2011 | vitalstocks | 0 comments | Continued(ATHN) Athenahealth Incorporated – Bull of the Day
We initiate our coverage on Athenahealth, Inc. (ATHN) with an Outperform rating. Second-quarter fiscal 2011 earnings per share of $0.14 beat the Zacks Consensus Estimate of $0.11. Athenahealth’s web-based deployment provides a low-cost, scalable service while its flexible...
3Oct2011 | vitalstocks | 0 comments | Continued(SHLD) Sears Holding Corporation – Bear of the Day
Sears Holdings Corp. (SHLD) disappoints with its overall second-quarter 2011 results. The company’s adjusted loss of $1.13 per share was well above the Zacks Consensus Estimated loss of $0.64 per share, while widening drastically from the prior-year quarter loss of $0.19...
3Oct2011 | vitalstocks | 0 comments | Continued(AAPL) Company News for September 28, 2011 – Corporate Summary
• Rumors did the rounds that billionaire investor Carl Icahn might purchase a stake in Research In Motion Limited (NASDAQ:RIMM) • According to reports, Apple Inc. (NASDAQ:AAPL) is expected to launch its latest iPhone on next Tuesday • Walgreen Co. (NYSE:WAG)...
3Oct2011 | vitalstocks | 0 comments | Continued(XLF) Stock Market News for September 28, 2011 – Market News
Optimism about a possible resolution to the Greek-debt crisis provided a much needed boost to the markets, which logged their third-straight day of gains. But sell-offs in the final hours sparked by media reports of a split in euro-zone curbed the gains partially. However, the...
3Oct2011 | vitalstocks | 0 comments | Continued(GS) The Goldman Sachs Group to Reduce Cost by Layoffs
According to The New York Times,The Goldman Sachs Group Inc. (GS) is moving ahead with its cost cutting plan. The bank is expected to cut its expenses by $1.45 billion by the end of 2011. The cost containment measures would include significant layoffs and the amount expected...
3Oct2011 | vitalstocks | 0 comments | Continued(CAH) Cardinal Health Incorporated – Bull of the Day
We upgrade our rating on Cardinal Health, Inc. (CAH) to Outperform. Earnings for the fourth quarter narrowly beat the Zacks Consensus Estimate. Cardinal’s size and diversity partly insulate it from economic cycles. Its generics business continues to grow at a healthy pace. Moreover,...
3Oct2011 | vitalstocks | 0 comments | Continued