Archive for November, 2011
(C) Will U.S. Bank Stress Test Protect Our Money?
It’s time again for America’s biggest banks to flex their financial muscles. Yet another round of stress tests await these banks that need to prove their financial prowess, should another recession befall. Among the targeted banks, six that are susceptible to the European...
28Nov2011 | vitalstocks | 0 comments | Continued(ALNY) Alnylam Pharmaceuticals Reveals ALNTTR01 Trial Data
Alnylam Pharmaceuticals Inc. (ALNY) recently presented data from an early stage study of its pipeline candidate ALN-TTR01 at a scientific conference in Japan. ALN-TTR01 is a systemically delivered RNA interference technology (RNAi) therapeutic that employs a first-generation...
28Nov2011 | vitalstocks | 0 comments | Continued(EMN) Eastman Chemical Company Expands Production Capacity
Eastman Chemical Company (EMN) has announced that it has completed the expansion of its facility for hydrogenated hydrocarbon resins located in Middelburg, Netherlands. This is the third expansion to its Regalite hydrogenated hydrocarbon resins. This expansion has increased the...
28Nov2011 | vitalstocks | 0 comments | Continued(PBR) Petroleo Brasileiro S.A. Finds Oil in Santos Basin
Petroleo Brasileiro S.A. or Petrobras (PBR) confirmed the discovery of superior quality oil in the south Santos Basin well 4-SPS-91 (4-BRSA-1002-SPS). As per the oil sampling tests, the find was in an approximately 2,160 meters deep sandstone reservoir in the post-salt area known...
28Nov2011 | vitalstocks | 0 comments | Continued(SUP) Superior Industries International Analyst Maintains Neutral on Shares
We maintain our Neutral recommendation on Superior Industries International Inc. (SUP). Headquartered in Van Nuys, California, Superior Industries is one of the world’s largest designers and manufacturers of cast aluminum road wheels for the automotive industry. Superior Industries’...
28Nov2011 | vitalstocks | 0 comments | Continued(JNPR) Juniper Networks Wins Essar Deal
Networking major Juniper Networks (JNPR) recently won a deal from the India-based multinational conglomerate Essar Group, having diversified business interest in the Iron & Steel, oil, gas and shipping industries among others. In the past, Juniper has provided secure, multi-platform...
28Nov2011 | vitalstocks | 0 comments | Continued(RRD) R.R. Donnelley & Sons Buys StratusGroup
R.R. Donnelley & Sons Co. (RRD) recently announced that it has acquired West Chester; Ohio-based StratusGroup, which specializes in customized pressure-sensitive labels and packaging for health & beauty, food, beverage and other segments. StratusGroup primarily offers...
28Nov2011 | vitalstocks | 0 comments | Continued(F) Ford Motor Plans Layoffs in Europe
Ford Motor Co. (F) plans to layoff 4,000 workers at its Valencia, Spain assembly plant for 39 days between January and October in 2012 in response to weakening demand for cars in Europe on the back of the ongoing Eurozone financial crisis. The plant employs a total of 6,200 workers. The...
28Nov2011 | vitalstocks | 0 comments | Continued(UNH) UnitedHealth Group Acquires Medicare Advantage Business
On Tuesday, UnitedHealthcare, a division of UnitedHealth Group (UNH), announced its plan to acquire XLHealth Corp, a sponsor of Medicare Advantage health plans. With this acquisition, the company is expected to remain a step ahead of its competitors including WellPoint Inc. (WLP)and...
28Nov2011 | vitalstocks | 0 comments | Continued(UTI) Universal Technical Institute Earnings Preview
Universal Technical Institute Inc. (UTI), which provides professional automotive, diesel, collision repair, motorcycle and marine programs, is slated to report its fourth-quarter 2011 financial results after the bell on Tuesday, November 29. The current Zacks Consensus Estimate...
28Nov2011 | vitalstocks | 0 comments | Continued(SNI) Scripps Networks Interactive Third Quarter 2011 Earnings Scorecard
Scripps Networks Interactive, Inc.(SNI) reported mixed financial results in the third quarter of 2011, with total revenue missing but earnings in line with the Zacks Consensus Estimates. Third Quarter Highlights Quarterly consolidated revenue of $503.7 million was up 7.9% year...
28Nov2011 | vitalstocks | 0 comments | Continued(PRAA) Portfolio Recovery Associates Creates New Unit
Earlier this week, Portfolio Recovery Associates Inc. (PRAA) announced the creation of a new subsidiary, PRA Professional Services, LLC, in order to expand its audit and revenue recovery services for the private sector. The newly-formed company is a wholly-owned subsidiary of...
28Nov2011 | vitalstocks | 0 comments | Continued(CVX) Chevron’s Brazil Dream Sours
U.S. energy behemoth Chevron Corp. (CVX) has been temporarily suspended from ‘all drilling activities’ in Brazil by the country’s oil regulator – Agencia Nacional do Petroleo or ANP – following an oil leak 74 miles off the coast of Rio de Janeiro. The agency’s diktat...
28Nov2011 | vitalstocks | 0 comments | Continued(COF) Capital One-HSBC Credit Card Business Aquisition Deal Under Review
Earlier this week, the Office of the Comptroller of the Currency (OCC) announced the recommencement of the comment period on Capital One Financial Corp.’s (COF) proposed deal to acquire HSBC Holdings Plc’s (HBC) U.S. credit-card business. This decision was taken following...
28Nov2011 | vitalstocks | 0 comments | Continued(TIF) Tiffany & Company Third Quarter 2011 Earnings Preview
Tiffany & Company (TIF), a high-end jewelry designer, manufacturer and retailer, is slated to report its third-quarter 2011 financial results before the bell on Tuesday, November 29. The current Zacks Consensus Estimate for the quarter is 59 cents a share. The Zacks Consensus...
28Nov2011 | vitalstocks | 0 comments | Continued(BRCM) Broadcom Offers $500 Million Senior Notes
Leading chipmaker Broadcom Corporation (BRCM) recently announced that the company will offer $500 million of senior notes. The company expects to use the net proceeds from the offering to fund a portion of its proposed acquisition of NetLogic Microsystems and other general corporate...
28Nov2011 | vitalstocks | 0 comments | Continued(DAL) Airlines Rebound Adding New Flights
After a prolonged battle with soaring jet fuel prices and capacity pullback to optimize the cost structure, airline companies are on a spree to expand network capacity. Companies like Delta (DAL), JetBlue (JBLU) and Southwest (LUV) are the latest to join the bandwagon after United...
28Nov2011 | vitalstocks | 0 comments | Continued(UNP) Union Pacific Raises Dividend
Union Pacific Corp. (UNP), the largest class 1 freight railroad operator in the U.S., has decided to increase its shareholders’ wealth. Yesterday, the Board of Directors of Union Pacific have authorized to raise its quarterly dividend rate by over 26% to 60 cents per share...
28Nov2011 | vitalstocks | 0 comments | Continued(FTR) Frontier Communications Announces Sale of AT&T Line
The rural telecommunications service provider Frontier Communications Corp. (FTR) will now sell AT&T Inc.’s (T) wireless voice and data products to its customers. The recently inked deal however does not give Frontier the right to sell Apple Inc.’s (AAPL) iPhone. Reselling...
28Nov2011 | vitalstocks | 0 comments | Continued(MRH) Montpelier Re Holdings – Bear of the Day
We are downgrading Montpelier Re Holdings (MRH) to Underperform from Neutral on the back of loss reported in the third quarter results. Montpelier Re Holdings’ operating loss came in much wider than the Zacks Consensus Estimate, led by catastrophe losses, resulting from...
28Nov2011 | vitalstocks | 0 comments | Continued(SLXP) Salix Pharmaceuticals – Bull of the Day
Salix Pharmaceuticals (SLXP) third quarter results exceeded expectations with higher revenues boosting performance. With the company raising its revenue guidance, we have raised our estimates as well. Salix is well-positioned for growth in the gastrointestinal market. We believe...
28Nov2011 | vitalstocks | 0 comments | Continued(MGI) MoneyGram International Quarterly Results and Earnings Estimates Look Great
Quarterly results and earnings estimates look great for MoneyGram International, Inc. (MGI). But why are shares are tanking and do they deserve the thrashing? Company Description MoneyGram is a payment services company that provides money transfers, money orders, and other solutions...
28Nov2011 | vitalstocks | 0 comments | Continued(XOM) Crude Oil and Distillate Stocks Tumble
The U.S. Energy Department’s weekly inventory release showed an unexpected decrease in crude inventories, currently at their lowest level in almost two years, while gasoline supplies rose for the second straight week. The agency’s report further revealed that distillate...
26Nov2011 | vitalstocks | 0 comments | Continued(JBLU) JetBlue Wins Flight Slot Auction at New York’s LaGuardia and Washington’s Reagan Airports
JetBlue (JBLU) has made its way through the flight auction at New York’s LaGuardia and Washington’s Reagan airports, edging out one of the largest discounted airlines –– Southwest (LUV). Through this auction, JetBlue received eight pairs of roundtrip slots at each of...
26Nov2011 | vitalstocks | 0 comments | Continued(IMF) IMF Introduces Bailout Fund – A Thanksgiving Gift For Europe?
When the world economy is reeling under the European sovereign debt crisis and ever-increasing uncertainty in the continent across the Atlantic, here’s some good news from the International Monetary Fund (IMF). The IMF has introduced a bailout fund called Precautionary and...
24Nov2011 | vitalstocks | 0 comments | Continued(CHK) Shale Gas Development Pushed as Cleaner and Cheaper
The Obama Administration has set its eyes on developing domestic shale gas (natural gas trapped within dense rock formations) from sources such as the vast Marcellus Shale, which stretches from New York to Virginia. Besides being significantly cheaper than crude oil, reliance...
24Nov2011 | vitalstocks | 0 comments | Continued(ADI) Analog Devices Misses Earnings Again
Analog Devices’ (ADI) fiscal fourth quarter earnings missed the Zacks Consensus Estimate by 3 cents, or 4.8%. Revenue missed the consensus by 8.2%. Particular weakness in the communications and industrial markets led to weaker-than-expected revenue. This, in turn, impacted...
23Nov2011 | vitalstocks | 0 comments | Continued(TOL) Toll Brothers Takes Over CamWest
Toll Brothers Inc. (TOL) recently announced that it has acquired CamWest Development LLC. The company did not disclose the financial terms of the deal but stated that it will start reaping benefits from the acquisition in the upcoming year. CamWest is considered as one of the...
23Nov2011 | vitalstocks | 0 comments | Continued(BAC) Bank of America Achieves Financial Solution Advisors Hiring Goal
With the hiring of 280 more employees in Texas (60 hires) and Florida (220 hires), Bank of America Corporation (BAC) reached the goal to more than double the number of Financial Solution Advisors (FSAs) by the end of this year. Now, more than 1,200 people are working as FSAs...
23Nov2011 | vitalstocks | 0 comments | Continued(CMCSA) Comcast Third Quarter 2011 Earning Scorecard
Comcast Corp. (CMCSA) delivered disappointing third quarter 2011 results. The company suffered huge video subscriber losses, which in turn affected the company’s performance in the reported quarter. Third Quarter Highlights Total revenue in the third quarter of 2011 came in...
23Nov2011 | vitalstocks | 0 comments | Continued