Archive for December, 2011
(LFC) China Life Insurance-ADR – Bear of the Day
China Life Insurance’s (LFC) third-quarter earnings witnessed a steep decline from the comparable period of last year. High surrenders, low premium income and increased impairment losses led to a decline in the net income, while increased unrealized losses in the investment...
5Dec2011 | vitalstocks | 0 comments | Continued(THC) Tenet Healthcare – Bull of the Day
We are upgrading our recommendation on Tenet Healthcare (THC) to Outperform based on its strong operating performance in the recent third quarter, which surpassed the Zacks Consensus Estimate, driven by strong results in all lines of the business, especially the robust performance...
5Dec2011 | vitalstocks | 0 comments | Continued(BRKB) Berkshire Hathaway-B (BRKB) – Bull of the Day
Berkshire Hathaway-B (BRKB) reported its third quarter 2011 operating earnings of $1.54 per share up 36% year-over-year, led by higher operating income across all the business segments except Finance & Financial Products. Insurance, Railroad, Utilities and Energy, Manufacturing,...
2Dec2011 | vitalstocks | 0 comments | Continued(T) AT&T and China Telecom Hook Up
AT&T (T) is now set to venture into the Chinese telecom market. The company has joined hands with one of China’s largest telecom companies, China Telecom Corp Ltd. to expand both companies’ market presence by offering cross-country corporate telecommunication services...
2Dec2011 | vitalstocks | 0 comments | Continued(BSX) Boston Scientific Corporation Grows US Cardiac Rhythm Management Portfolio
Boston Scientific Corporation’s (BSX) Cardiac Rhythm Management (CRM) should record higher sales with the US Food and Drug Administration (FDA) approving Incepta, Energen and Punctua cardiac resynchronization therapy defibrillators (CRT-Ds) and implantable cardioverter defibrillators...
2Dec2011 | vitalstocks | 0 comments | Continued(KKD) Krispy Kreme Doughnuts Beats Earnings Expectations – Ups Outlook
Krispy Kreme Doughnuts Inc. (KKD) posted third quarter 2012 earnings of 7 cents per share, beating the Zacks Consensus Estimate by a penny. Quarterly earnings more than doubled from the year-ago level of 3 cents a share. Total revenue climbed 9.4% year over year to $98.7 million...
2Dec2011 | vitalstocks | 0 comments | Continued(ACI) Arch Coal Incorporated – Bear of the Day
Arch Coal, Inc.’s (ACI) third quarter missed on account of the Midwestern flooding and the geological challenges in Appalachia. This was offset in part by improved metallurgical coal shipments and robust met coal pricing. Going forward, increased regulation and alternate...
2Dec2011 | vitalstocks | 0 comments | Continued(BAC) Bank of America Corporation Continues Assets Sale
Bank of America Corporation (BAC) has agreed to sell its Designated Market Maker (DMM) business on New York Stock Exchange (NYSE) to global market maker, Getco LCC. Bank of America’s decision to move away from its market making operations is a part of its strategy to concentrate...
2Dec2011 | vitalstocks | 0 comments | Continued(JEC) Jacobs Engineering Group Earns New Contracts
As the global economy dwindles over fears of European crisis harming industrial growth, Jacobs Engineering Group Inc. (JEC) takes a bold step forward in the besieged continent; receiving a framework contract from Electricite de France (EDF). The contract will offer owner engineering...
2Dec2011 | vitalstocks | 0 comments | Continued(LFC) China Life Insurance Company Shares Remain Underperform
We have reiterated our Underperform recommendation on China Life Insurance Company Ltd. (LFC) based on itspoor operating results in the third quarter. China Life reported operating earnings of RMB0.13 per share (US$0.31 per ADR) during the third quarter of 2011, witnessing a...
2Dec2011 | vitalstocks | 0 comments | Continued(PCE) U.S. Defense Industry to go on Low Fat Diet?
A nation burdened by $15 trillion of national debt and an unemployment rate of 9% has resorted to bariatric surgery of its budget. The administration is catching up to reduce flab in the budget, and the defense budget seems to stand out. In what is one of the final steps, the...
2Dec2011 | vitalstocks | 0 comments | Continued(XOM) U.S. Crude Oil – Fuel Supplies Rise
The U.S. Energy Department’s weekly inventory release showed that crude stockpiles increased more than expected on higher imports, while gasoline supplies rose for the third straight week. The agency’s report further revealed that distillate stocks posted a surprise build,...
2Dec2011 | vitalstocks | 0 comments | Continued(FTI) FMC Technologies Gets Wheatstone Deal
FMC Technologies Inc (FTI) has entered into a design, manufacture and supply agreement with the Australian unit of Chevron Corporation (CVX). The deal will fetch FMC approximately $325 million in revenue. Per the deal, the Australian subsidiary of FMC will deliver 11 sub-sea...
2Dec2011 | vitalstocks | 0 comments | Continued(UAL) United Continental Holdings Earns FAA Certification
The largest U.S. airline United Continental Holdings Inc. (UAL), created by the merger of United Airlines and Continental Airlines last year, received a single operating certificate from Federal Aviation Administration (FAA). So far, United and Continental were operating as separate...
2Dec2011 | vitalstocks | 0 comments | Continued(GM) Auto Industry Stock Outlook and Review – December 2011 – Industry Outlook
The auto industry is highly concentrated. About 10 global automakers account for over 77% of the production worldwide and 13 automakers account for more than 90% of total vehicles sold in the U.S. In the first 10 months of 2011, General Motors Company (GM) led with a 19.8% market...
2Dec2011 | vitalstocks | 0 comments | Continued(BRKA) Berkshire Hathaway’s Buffett Adds Hometown Newspaper
On Wednesday, Warren Buffett, the Chairman and CEO of Berkshire Hathaway Inc. (BRKA) (BRKB), announced an acquisition to buy The Omaha World-Herald Company, publisher of Nebraska’s principal daily newspaper. The deal would add the World-Herald, six other daily newspapers and...
2Dec2011 | vitalstocks | 0 comments | Continued(ALNY) Alnylam Pharmaceuticals Completes Trial Enrollment
Alnylam Pharmaceuticals Inc. (ALNY) recently announced it has completed enrollment in a mid-stage study of its pipeline candidate ALN-RSV01, an RNA interference technology (RNAi) therapeutic being studied for the treatment of respiratory syncytial virus (RSV) infection. The study...
2Dec2011 | vitalstocks | 0 comments | Continued(RLI) RLI Corporation Continues Expansion
RLI Corp. (RLI) continues to benefit from its business expansion drive, extensive product offerings, strong local branch network and focus on specialty insurance lines. The company scores strongly with the rating agencies and remains focused on returning value to its shareholders...
1Dec2011 | vitalstocks | 0 comments | Continued(ABAX) Abaxis Analyst Upgrades Shares to Neutral
Following the company’s solid second quarter 2011 results, which were ahead of the Zacks Consensus Estimates, we have upgraded our recommendation on Abaxis (ABAX) to Neutral with a target price of $26.00. The company reported EPS of 15 cents in the quarter, surpassing the Zacks...
1Dec2011 | vitalstocks | 0 comments | Continued(MA) MasterCard and Ecobank Sign Memorandom of Understanding
Expanding its electronic payments network in Sub-Africa, on Thursday, MasterCard Inc. (MA) announced a Memorandom of Understanding (MoU) with Togo-based Ecobank Group, which will allow the former to do business effciently across Africa. Accordingly, the MoU will help MasterCard...
1Dec2011 | vitalstocks | 0 comments | Continued(HUM) Humana to Buy SeniorBridge
Yesterday, Humana Inc. (HUM) announced an agreement to acquire chronic-care provider SeniorBridge for an undisclosed amount. However, the purchase is subject to state and federal regulatory approvals. SeniorBridge is an 11-year old New York-based healthcare provider, which offers...
1Dec2011 | vitalstocks | 0 comments | Continued(ABAX) Alere Takes Over Arriva Medical
Alere (ALR), a medical products company focused on integrating rapid diagnostics with health management, recently revealed that it has taken over Arriva Medical, a prominent vendor of diabetes testing supplies for patients residing at home. Florida-based Arriva had sales of about...
1Dec2011 | vitalstocks | 0 comments | Continued(AMSC) American Superconductor Corporation Announces More Job Cuts
Wind turbine technology company, American Superconductor Corporation (AMSC) with a view to returning to profitability has reduced its workforce by more than 20% in order to lower the company’s cash usage. The reductions have been made across all of American Superconductor’s...
1Dec2011 | vitalstocks | 0 comments | Continued(NNN) National Retail Properties Issues Public Offering
National Retail Properties Inc. (NNN) recently issued a public offering of 7 million shares at a price of $25.75 per share. As part of the offering, the company will provide a 30-day option to the underwriters for purchasing an additional 1.1 million shares. Consistent with its...
1Dec2011 | vitalstocks | 0 comments | Continued(GHDX) Genomic Health to Showcase Key Data
Genomic Health (GHDX), an oncology based biotech company, will present results from 16 studies at the San Antonio Breast Cancer Symposium in December. The company has been recording robust revenue growth over the last few quarters banking on its flagship product, Oncotype DX...
1Dec2011 | vitalstocks | 0 comments | Continued(E) Eni SpA Buys Stake in Evans Shoal Offshore Australia
Italian oil major Eni SpA (E) has agreed to acquire a 40% stake in the Evans Shoal gas field in offshore Australia from the domestic firm Santos Ltd. As per the initial agreement, signed in late October, Eni will purchase stakes in the concession for a preliminary payment of...
1Dec2011 | vitalstocks | 0 comments | Continued(ACN) Accenture Wins California Government Deal
The outsourcing and consulting major, Accenture Inc. (ACN) recently won a nine-year contract from the California Department of Consumer Affairs to develop and implement a licensing and enforcement system, known as BreEZe. This is expected to help the government department maintain...
1Dec2011 | vitalstocks | 0 comments | Continued(NXY) Nexen Inks Joint Venture with INPEX Corporation
Canadian oil and gas company Nexen Inc. (NXY) entered into a strategic agreement with Japanese energy giant INPEX CORPORATION for the development of shale gas fields in northeast British Columbia. Although, as a part of the deal, Nexen will sell 40% working interest in the assets,...
1Dec2011 | vitalstocks | 0 comments | Continued(PCS) MetroPCS Communications to Add Content on 4G Devices
MetroPCS Communications Inc. (PCS) is all set to woo its customers by adding content from ABC Entertainment. The company has recently joined hands with ABC, to bring ABC and subsidiary lifestyle content such as Disney Channel, Disney XD and ESPN on all its 4G handsets via MetroSTUDIO...
1Dec2011 | vitalstocks | 0 comments | Continued(PDCO) Patterson Companies Earnings Scorecard
Patterson Companies (PDCO), a leading distributor of dental, veterinarian and rehabilitation medical supplies, posted tepid second-quarter fiscal 2012 results with both revenues and earnings trailing the Zacks Consensus Estimates. Second Quarter Highlights Profit for the quarter...
1Dec2011 | vitalstocks | 0 comments | Continued