Archive for December, 2011
(ADBE) Company News for December 19, 2011 – Corporate Summary
• Zynga, Inc. (NASDAQ:ZNGA) made its debut on the Nasdaq and dropped 5.0% to $9.50. The company’s initial public offering was priced at $10.00 per share • Shares of Adobe Systems Inc. (NASDAQ:ADBE) jumped 6.6% a day after reporting fully diluted pro forma earnings...
19Dec2011 | vitalstocks | 0 comments | Continued(XLE) Stock Market News for December 19, 2011 – Market News
Markets shed early gains to end mixed after Fitch ratings put seven European economies under credit watch negative. The gains were primarily a result of European developments as Italian government won a confidence vote on austerity measures. It was a choppy session for the benchmarks...
19Dec2011 | vitalstocks | 0 comments | Continued(BBBY) Housing in the Spotlight – Earnings Preview
Earnings Preview 12/16/11 There will only be a handful of firms reporting next week as the third quarter reporting season is almost over. A total of just 34 firms are scheduled to report, including 13 of the S&P 500. Most of the firms reporting have November fiscal period-ends,...
19Dec2011 | vitalstocks | 0 comments | Continued(IMF) International Monetary Fund Sees Risks Intensifying
The International Monetary Fund (IMF) has sounded another caveat about the deepening global crisis. According to Christine Lagarde, IMF’s Managing Director, the crisis is unfolding, escalating and spreading across the world. She has even suggested that the world could see a...
19Dec2011 | vitalstocks | 0 comments | Continued(AZO) AutoZone Beats Earnings – Profits Up 24%
AutoZone Inc. (AZO) recorded a 24% rise in profit to $4.68 per share in the first quarter of its fiscal 2012 ended November 19, 2011 from $3.77 per share in the year-ago quarter, beating the Zacks Consensus Estimate of $4.45 per share. In absolute terms, profit increased 11%...
19Dec2011 | vitalstocks | 0 comments | Continued(AXP) American Express and Discover Financial Services Defaults Plunge
Yesterday, major credit card companies American Express Co. (AXP) (AmEx) and Discover Financial Services (DFS) reported a drop in defaults and delinquency rates for November 2011, implying a favorable credit quality. Delinquency rates… Accordingly, the delinquency rate, indicating...
17Dec2011 | vitalstocks | 0 comments | Continued(BAC) Net Charge-Off Rate Falls
The regulatory filings by major credit card companies have disclosed mixed results in credit card defaults and delinquency rate for November 2011. According to these filings, three of the nation’s top six credit card companies reported a decline in card defaults, while...
17Dec2011 | vitalstocks | 0 comments | Continued(M) Bullish on Macy’s
Macy’s Inc.’s (M) growth momentum continued throughout the year, and we believe it will sustain the tempo as it enters 2012. The company’s persistent effort to keep itself on the growth trajectory has paid off in an economy, whose turmoil seems to have no end. Initiatives...
16Dec2011 | vitalstocks | 0 comments | Continued(M) Macy’s Incorporated – Bull of the Day
Macy, Inc.’s (M) has been taking prudent steps to increase sales, profitability and cash flows. These include integration of operations, consolidation of divisions and customer-centric localization initiatives. To help drive traffic, Macy’s continues to focus on price...
16Dec2011 | vitalstocks | 0 comments | Continued(AET) Health Insurance Stock Review – December 2011 – Industry Outlook
The Health and Medical Insurance industry is an integral part of the U.S. economy. According to the Centers for Medicare and Medicaid Services, U.S. health expenditures account for about 18% of U.S. GDP. Money spent per person on healthcare in the United States is more than in...
15Dec2011 | vitalstocks | 0 comments | Continued(GWW) W.W. Grainger’s Sales On a Roll
W.W. Grainger Inc. (GWW) reported November sales growth of 15% year over year, continuing its double-digit run so far in the year. Acquisitions added 5 percentage points to growth mainly due to the Fabory business acquired in August. Organic sales increased 10% with higher volume...
15Dec2011 | vitalstocks | 0 comments | Continued(LUV) Southwest Airlines Adds More 737s to Fleet
One of the leading domestic carrier, Southwest Airlines (LUV) ordered 208 Boeing (BA) 737 MAX jetliners worth $19 billion, representing the largest ever order in terms of value and numbers. The deliveries of the new order are expected to begin from 2017, bringing the total order...
15Dec2011 | vitalstocks | 0 comments | Continued(MS) Morgan Stanley Settles MBIA Dispute
In an attempt to strengthen its balance sheet and remove the vestiges of the financial crisis, Morgan Stanley (MS) announced a comprehensive plan to settle its legal fight with MBIA Inc. (MBI). The 2-year-old legal dispute involved conflict over guarantees on commercial mortgage-backed...
15Dec2011 | vitalstocks | 0 comments | Continued(LLL) L-3 Communications Holdings to Acquire Danaher Unit
L-3 Communications Holdings Inc. (LLL) announced that it would acquire the Kollmorgen Electro-Optical unit of Danaher Corporation (DHR) for $210 million. Kollmorgen Electro-Optical, or KEO, develops and manufactures specialized equipment, including submarine photonics systems...
15Dec2011 | vitalstocks | 0 comments | Continued(MON) Monsanto Guides High on New Business
Monsanto Company (MON) recently raised its expected earnings per share guidance for the first quarter of fiscal 2012. The first quarter earnings were scheduled to be released on January 5, 2012. The company’s earnings per share guidance for the first-quarter ongoing and as-reported...
15Dec2011 | vitalstocks | 0 comments | Continued(BAC) Stock Market News for December 15, 2011 – Market News
Spooked by European financial concerns and a sharp decline in commodity prices, benchmarks ended in negative territory for the third-straight day. Borrowing costs recorded euro-era highs and domestic economic data was not strong enough to negate lingering concerns. The Dow Jones...
15Dec2011 | vitalstocks | 0 comments | Continued(AVP) Company News for December 15, 2011 – Corporate Summary
• VeriFone (NYSE:PAY) posted Q4 EPS of $0.53, surpassing the Zacks Consensus Estimate of $0.44 per share. Revenues for the quarter rose 50.7% year-over-year to come in at $410.70 million • Joy Global (NYSE:JOY) reported Q4 EPS of $1.83, lower than the Zacks Consensus...
15Dec2011 | vitalstocks | 0 comments | Continued(MR) Mindray Medical International Limited Acquires IT Firm in China
Mindray Medical International Limited (MR), a leading Chinese medical device manufacturer, recently revealed an agreement to take a majority stake in Zhejiang Greenlander Information Technology Co., Ltd. (“Greenlander”). The terms for the deal were not revealed. The...
15Dec2011 | vitalstocks | 0 comments | Continued(CBS) CBS Corporation Extends NFL Deal
CBS Corporation (CBS) recently announced that it has extended its broadcast rights deal with the National Football League (NFL) for nine more years. However, the financial terms of the deal were not disclosed. The newly announced deal will extend CBS Corporation’s existing...
15Dec2011 | vitalstocks | 0 comments | Continued(JPM) Banks Face Foreclosure Charge Again
In yet another major setback for the foreclosure settlement, Massachusetts Attorney General (AG) Martha Coakley filed a lawsuit against – JPMorgan Chase & Co. (JPM), Bank of America Corporation (BAC), Citigroup Inc. (C), Wells Fargo & Company (WFC) and Ally Financial...
15Dec2011 | vitalstocks | 0 comments | Continued(CSIQ) Canadian Solar Incorporated – ADS- Bear of the Day
Canadian Solar, Inc. – ADS (CSIQ) is a low cost, vertically-integrated solar module producer with predominantly China-based manufacturing assets. In the near-term, fortunes look to be impacted by the industry-wide oversupply glut, leading to sharply falling average selling...
15Dec2011 | vitalstocks | 0 comments | Continued(EL) Estee Lauder Companies – Bull of the Day
Estee Lauder Companies’ (EL) first-quarter 2012 earnings of $1.41 per share surpassed both the Zacks Consensus Estimate as well as the year-ago result by 19.5% and 45.0%, respectively. The buoyant purchasing power of the affluent class who shop for products from cosmetics...
15Dec2011 | vitalstocks | 0 comments | Continued(AEP) Coal Industry Stock Review – December 2011 – Industry Outlook
Coal has been used for nearly as long as mankind has thrived, for everything including cooking, making clay pots, heating, as fuel to run steam-powered trains, to make weapons, heating homes, generating electricity, powering railroads and boats, and fueling factories. Today,...
15Dec2011 | vitalstocks | 0 comments | Continued(JCP) Not a Great Year for J.C. Penney
An economy plagued by financial crisis and high unemployment remains a bitter truth, but relentless efforts to emerge from these doldrums cannot be ignored. The ongoing turmoil has also touched J. C. Penney Company Inc. (JCP), which has seen its crests and troughs through the...
15Dec2011 | vitalstocks | 0 comments | Continued(ATVI) Video Games Out of Summer Slump
Buoyed by the pre-holiday season rush and strong sales performance of the newly released games, the video games industry recorded growth in the month of November 2011. According to the NPD Group, the video games industry logged revenues of $2.93 billion in November, significantly...
15Dec2011 | vitalstocks | 0 comments | Continued(VZ) Motorola Mobility Holdings Gears Up for the Holiday Season
Motorola Mobility Holdings Inc.(MMI) recently expanded its product portfolio by launching two latest versions of XOOM tablets namely, DROID XYBOARD 10.1 and 8.2. These new tablets will be sold through Verizon Communication Inc. (VZ) stores along with the company’s massively...
15Dec2011 | vitalstocks | 0 comments | Continued(CEO) Marriott International Passing Baton to Sorenson
Even though his surname is not Marriott, Arne Sorenson will succeed J.W. Marriott, Jr. as chief executive officer (CEO) of Marriott International Inc. (MAR) next year. Sorenson will be the third CEO in the company’s history followed by J.W. Bill Marriott (Jr.) who expanded...
15Dec2011 | vitalstocks | 0 comments | Continued(PLD) The Going Gets Tough for Programmable Logic Devices This Christmas
Programmable Logic Devices (PLD) maker Altera Corporation (ALTR) recently slashed its revenue guidance for the fourth quarter of 2011. Altera now expects revenues in the fourth quarter to decline by 13% to 16% on a sequential basis, compared to the previous guidance of 7% –...
15Dec2011 | vitalstocks | 0 comments | Continued(MGA) Magna International to Open Solar System Plant
Magna International Inc. (MGA) revealed that its body and chassis systems operating unit, Cosma International, would open a solar component manufacturing facility in Phoenix, Arizona that will strengthen its position in the renewable energy market. The 166,000-square-foot facility,...
15Dec2011 | vitalstocks | 0 comments | Continued(JCP) J. C. Penney Bets on Martha Stewart (revised)
The economy is struggling, and so is J. C. Penney Company Inc. (JCP). The company has been trying every means to uplift itself, and the latest move of acquiring a 16.6% stake in Martha Stewart Living Omnimedia Inc. (MSO) is just an another step towards that direction. J. C. Penney...
15Dec2011 | vitalstocks | 0 comments | Continued