Archive for November, 2011
(SOL) ReneSola Falls Short of Earnings Estimates
With the backdrop of an industry-wide glut, ReneSola Ltd. (SOL) in the third quarter of 2011 incurred an adjusted loss per American Depositary Share (ADS) of 25 cents, missing the Zacks Consensus Estimate of a loss of 18 cents. The quarterly loss also was way below the year-ago...
30Nov2011 | vitalstocks | 0 comments | Continued(MCD) McDonald’s Analyst Shares Rated Stable at Neutral
We remain Neutral on McDonald’s Corp. (MCD) with solid comparable sales (comps) momentum, expansion and accelerated remodeling on the one side, and commodity inflation, increased selling, general and administrative expenses as well as the expected currency headwinds for...
30Nov2011 | vitalstocks | 0 comments | Continued(AMR) AMR and US Airways Flying Together?
Another airline consolidation is seemingly in the wind. Chances of American Airlines, a wholly owned subsidiary of AMR Corporation (AMR) merging with US Airways Group Inc. (LCC) seem high. Both companies are struggling to remain competitive amid steeply rising fuel prices and...
30Nov2011 | vitalstocks | 0 comments | Continued(HBC) Europe Withers, but the World Hopes
Charles Dickens’ classic ‘A Tale of Two Cities’ begins: “It was the best of times, it was the worst of times…” Isn’t the world going through similar moments of despair and hope? The world hoped and hoped that the economic crisis that started in 2008...
30Nov2011 | vitalstocks | 0 comments | Continued(BAC) Can You Live Without Debt?
Remember the fictional immigrant Balki from the TV show “Perfect Strangers”? He seemed to speak a universal truth when he said, “Am I in debt? I’m a true American.” Well, not anymore. After being battered by the latest recession, Americans are gradually...
30Nov2011 | vitalstocks | 0 comments | Continued(RIG) Transocean Tanks on Offering Notice
Offshore drilling giant Transocean Ltd. (RIG) priced a public offering of 26 million shares at $40.50 a piece, with a 30-day over-allotment option for an additional 3.9 million shares. The Zug, Switzerland-based owner of the world’s largest offshore rig fleet plans to use...
30Nov2011 | vitalstocks | 0 comments | Continued(CSX) CSX Launches Carbon Calculator
CSX Corporation (CSX) has introduced an improved Carbon Calculator to aid its customers in making supply chain decisions. The Calculator will compare carbon emissions by freight rail with long-haul trucks over similar routes and provide an insight over the significance of rail...
30Nov2011 | vitalstocks | 0 comments | Continued(BAC) Standard & Poor’s Downgrades Giant Wall Street Banks
On Tuesday, Standard & Poor’s (S&P) lowered its credit ratings for many U.S. and European banks. Out of 37 banks reviewed by S&P, ratings for 15 were downgraded, ratings remained unchanged for 20 and the remaining 2 were awarded upgraded ratings. The banks whose...
30Nov2011 | vitalstocks | 0 comments | Continued(UTI) Universal Technical Institute Misses on Bottom Line
Universal Technical Institute Inc. (UTI) recently posted lower-than-expected fourth-quarter 2011 results. The quarterly earnings of 24 cents a share missed the Zacks Consensus Estimate of 28 cents, and dropped 17.2% from 29 cents earned in the prior-year quarter due to fall in...
30Nov2011 | vitalstocks | 0 comments | Continued(HSIC) Henry Schein Offers Total Health
Henry Schein (HSIC), a worldwide distributor of healthcare products and services, recently launched its new “Total Health Beyond the Mouth” program developed in collaboration with the American Academy for Oral Systemic Health. This new integrated wellness and education...
30Nov2011 | vitalstocks | 0 comments | Continued(KWK) Quicksilver Resources Sells More BreitBurn Energy Partners Units
Quicksilver Resources Inc. (KWK) made a public offering of around 6.97 million units of BreitBurn Energy Partners L.P. (BBEP). Quicksilver will allow the underwriters of the issue a window of 30 days to purchase up to 1,045,177 additional common units to cover over-allotments,...
30Nov2011 | vitalstocks | 0 comments | Continued(TMO) Thermo Fisher Scientific Shares Maintained at Neutral
Recently, we reiterated our Neutral recommendation on Thermo Fisher Scientific (TMO) with a target price of $47.00. Thermo Fisher continues to be focused on effectively deploying its cash balance to create value through share buybacks and suitable acquisitions. Significant acquisitions...
30Nov2011 | vitalstocks | 0 comments | Continued(PLD) Prologis Fully Leases Phoenix Property
Prologis Inc. (PLD), a leading industrial real estate investment trust (REIT), has recently fully leased ‘Prologis Tolleson Distribution Center 1’ – a 302,600 square foot warehouse property in Tolleson, Arizona, to an unnamed retailer for an undisclosed amount. The leased...
30Nov2011 | vitalstocks | 0 comments | Continued(RDSA) Royal Dutch Shell plc-Iraq Joint Venture Goes Official
Following the approval from the Governmental bodies in mid-November, Iraq officially announced its natural gas exploration joint venture with Royal Dutch Shell plc (RDSA) and Japan’s Mitsubishi Corporation. The project, worth $17 billion, was inked almost three years after...
30Nov2011 | vitalstocks | 0 comments | Continued(CSC) Computer Sciences Corporation Secures U.S. Missile Contract
Technology major Computer Sciences Corporation (CSC) maintained its recent deal winning spree by securing a new contract worth $80.0 million from the U.S. Missile Defense Agency (MDA). The new contract has a time period of one year and can also be extended for another year. This...
30Nov2011 | vitalstocks | 0 comments | Continued(FWLT) Foster Wheeler AG Expands Gas Storage
Foster Wheeler Upstream, a division of Foster Wheeler AG’s (FWLT) Global Engineering and Construction Group, will be providing its project management support to the 35 billion-cubic-foot Ryckman Creek natural gas capacity storage facility. The contract has been received from...
30Nov2011 | vitalstocks | 0 comments | Continued(WDC) Western Digital Clears Global Storage Technology Hurdle
Western Digital Corp. (WDC) is counting the days to wrap up the acquisition of Hitachi Ltd.’s (HIT) wholly owned subsidiary, Global Storage Technology (“HGST”). Last week, the top-tier hard disk drive (HDD) manufacturer received approval from the European Union (EU) that...
30Nov2011 | vitalstocks | 0 comments | ContinuedNorth Dakota Oil Production Rivals OPEC
by Ryan Fitzwater, Investment U Research Wednesday, November 30, 2011 By now you’re probably familiar with the Bakken shale formation – but just in case… Located under North Dakota and Montana, oil was first discovered in the Bakken in 1951. Only problem was that back then...
30Nov2011 | InvestmentU | 0 comments | Continued“Gasland” Brings Natural Gas Fracking Concerns to Light
by Ryan Fitzwater, Investment U Research Tuesday, November 29, 2011 By now you’re probably familiar with the various shale gas and oil plays across the United States. We’ve known about these shale formations for decades. The only problem was that back then, the technology...
30Nov2011 | InvestmentU | 0 comments | ContinuedIs China Being Overvalued?
by Jeannette Di Louie, Investment U Research Tuesday, November 29, 2011 Once upon a time, the term BRIC meant something. Brazil, Russia, India and China were all seen as rising stars in the global economy, and investors couldn’t get enough of them. Not so much anymore. These...
30Nov2011 | InvestmentU | 0 comments | ContinuedNorth Dakota Edges U.S. Closer to Energy Independence
by David Fessler, Investment U Senior Analyst Tuesday, November 29, 2011: Issue #1653 Williston, North Dakota is a dusty, prairie town. It’s just a stone’s throw from the Canadian border. Up until a few years ago, few Americans had ever heard of it. Now they’re flocking...
30Nov2011 | InvestmentU | 0 comments | Continued(FRT) Federal Realty Investment Trust Closes New Term Loan
Federal Realty Investment Trust (FRT) recently announced the closing of a new unsecured term loan worth $275 million. The loan bears interest at an annual rate of LIBOR plus 145 basis points and is expected to mature in November 2018. Federal Realty also has an option of increasing...
30Nov2011 | vitalstocks | 0 comments | Continued(MRGE) Merge Healthcare Unveils Cloud-based Platform
Recently, Merge Healthcare (MRGE) showcased its new cloud-based platform ‘Merge Honeycomb’ along with its first application in the cloud, namely ‘free image sharing’ at the Radiological Society of North America (RSNA). This application enables users to upload, download,...
30Nov2011 | vitalstocks | 0 comments | Continued(OMCL) Omnicell’s G4 Platform Reaches China
Recently, Omnicell (OMCL) announced the launch of Mandarin-language versions of its G4 platform for clinical use in China. Following the launch of G4 medication automation platform in English-speaking markets earlier this year, the language conversion of medication cabinets will...
30Nov2011 | vitalstocks | 0 comments | Continued(ZOLL) ZOLL Medical’s AutoPulse Tapped by WSPR Szczecin
Resuscitation devices maker ZOLL Medical (ZOLL) said that its new AutoPulse Plus cardiac support pumps has been bought by WSPR Szczecin, the biggest emergency service operator in Poland. The Polish entity has purchased 49 such devices to equip its fleet of ambulances. The innovative...
30Nov2011 | vitalstocks | 0 comments | Continued(GME) GameStop Earnings Scorecard
GameStop Corporation (GME), the video game and entertainment software retailer, recently posted third quarter 2011 results. Street analysts had more than a week to ponder the news. In the subsequent paragraphs, we cover the recent earnings announcement, analysts’ estimate revisions...
30Nov2011 | vitalstocks | 0 comments | Continued(UPS) United Parcel Services Analyst Remains Neutral on Shares
We are maintaining our long-term Neutral recommendation on United Parcel Services (UPS). The stock retains a Zacks #3 (Hold) Rank for the short term (1-3 months). We are cautious on the company’s top-line growth, citing weak demand, high unemployment, uncertainty surrounding...
30Nov2011 | vitalstocks | 0 comments | Continued(BK) The Bank of New York Mellon Corporation Expands Overseas
The Bank of New York Mellon Corporation (BK) announced a definitive agreement to acquire Penson Worldwide Inc.’s (PNSN) Australian subsidiary, Penson Financial Services Australia Pty Ltd (PFSA). As a part of the agreement, BNY Mellon will pay AUD$33 million ($33 million). PFSA...
30Nov2011 | vitalstocks | 0 comments | Continued(HRL) Snack-On: Hormel in the Menu
According to New York Times- Americans eat 31% more packaged food than fresh food and they consume more packaged food per person than their counterparts in nearly all other countries. A sizable part of the American diet is ready-to-eat meals, like frozen pizzas and microwave...
30Nov2011 | vitalstocks | 0 comments | Continued(TIF) Tiffany & Company Earnings Shine – Company Brightens Outlook
Tiffany & Company (TIF) posted better-than-expected third-quarter 2011 results buoyed by improved demand for luxury items worldwide and consequently raised its full year outlook. The quarterly earnings of 70 cents a share surpassed the Zacks Consensus Estimate of 60 cents,...
30Nov2011 | vitalstocks | 0 comments | Continued