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Cepheid's TB Test Shows Promise - Analyst Blog
Fri, 03 Sep 2010 17:30:14 ESTIt was observed that Cepheid's MTB/RIF test could detect TB and rifampin resistance within two hours.
Goldcorp Heading for Andean - Analyst Blog
Fri, 03 Sep 2010 17:15:49 ESTGoldcorp is acquiring Australian gold miner Andean Resources Ltd for a total consideration of US $3.4 billion
New Contract Lifts Air Products - Analyst Blog
Fri, 03 Sep 2010 17:00:23 ESTShares of Air Products advanced 3.26% after the announcement that the company has won a 15-year contract.
New Pick: Cadence Pharma - Voice of the People
Fri, 03 Sep 2010 16:58:49 ESTOur target price, assuming it is dilution-free, is $10.50. This would be a 30% gain. We are targeting this price prior to the FDA approval date in November 13
Petrobras Inks Oil-for-Shares Deal - Analyst Blog
Fri, 03 Sep 2010 16:45:45 ESTPetrobras and the Brazilian government agreed to an oil-for-shares swap deal.
August Employment Report (Part 2) - Analyst Blog
Fri, 03 Sep 2010 16:44:19 ESTIt appears that many of the long-term unemployed might have actually found new jobs. If so, that is very good news.
August Employment Report - In-Depth - Analyst Blog
Fri, 03 Sep 2010 16:34:59 ESTIt looks like Labor might actually have something to celebrate this Labor Day -- maybe not with champagne, but more like Budweiser.
Krispy Kreme Beats, Raises Outlook - Analyst Blog
Fri, 03 Sep 2010 16:31:55 ESTKrispy Kremes second quarter earnings outperforms Zacks Consensus Estimate by 3 cents per share.
Earnings Scorecard: Medtronic - Analyst Blog
Fri, 03 Sep 2010 16:16:36 ESTSubsequent to the announcement of Medtronic's (MDT) first quarter fiscal 2011 results on Aug 24, 2010, majority of the analysts have lowered their estimates for the forthcoming period.
Synopsys Wraps Up Virage Deal - Analyst Blog
Fri, 03 Sep 2010 16:01:13 ESTElectronic design automation (EDA) software company Synopsys Inc. (SNPS) recently completed the acquisition of Virage Logic Corp. (VIRL) for $12 per share.
H&R Block Beats Zacks Consensus - Analyst Blog
Fri, 03 Sep 2010 15:46:14 ESTH&R Block's (HRB) fiscal first-quarter loss from continuing operations came in at 36 cents per share, lower than the Zacks Estimate loss of 41 cents a share.
Microchip Remains Outperform - Analyst Blog
Fri, 03 Sep 2010 15:31:09 ESTFollowing robust earnings in its latest quarter, we have reiterated our Outperform recommendation on Microchip Technology Inc. (MCHP).
Cooper Profit Grows, Lifts View - Analyst Blog
Fri, 03 Sep 2010 15:16:07 ESTCooper Companies Inc. (COO) reported better-than-expected third-quarter fiscal 2010 (ended July 31, 2010) results with adjusted earnings per share of 91 cents outshining the Zacks Consensus Estimate of 71 cents and the year-ago earnings of 54 cents.
What's the Best Strategy for Today's Market?
Fri, 03 Sep 2010 15:06:49 ESTThere are a lot of different trading styles, but which one is the best in today's volatile market?
Applied DNA Initiated at Outperform - Analyst Blog
Fri, 03 Sep 2010 15:06:40 ESTCurrently, Applied DNA markets two principal anti-counterfeiting and product authentication solutions: SigNature DNA and BioMaterial Genotyping; both can be used in numerous industries.
Atheros Completes Opulan Acquisition - Analyst Blog
Fri, 03 Sep 2010 15:01:05 ESTAtheros Communications Inc (ATHR) announced that it has completed the previously announced acquisition of privately-held Opulan Technologies Corp. for approximately $72 million.
Boeing Dreams Big - Analyst Blog
Fri, 03 Sep 2010 14:50:14 ESTBoeing forecasts that air carriers in North America will take delivery of about 7,200 new airplanes over the next 20 years at an investment of $700 billion.
Praxair Rejects CADE Allegations - Analyst Blog
Fri, 03 Sep 2010 14:45:00 ESTPraxair Inc.'s Brazilian subsidiary, White Martins was fined R$2.2 billion by the Brazilian Administrative Council for Economic Defense for its alleged anticompetitive activity in Brazil. Apart from Praxair, the council imposed fines on four other industrial gas companies in Brazil.
LUK Takes Fortescue to Court - Analyst Blog
Fri, 03 Sep 2010 14:30:53 ESTLeucadia National Corporation sued Fortescue Metals Group Ltd., one of its subsidiaries and its CEO in an effort to stop them from raising more funds through an issue of additional subordinated notes.
Honeywell Wins Contract - Analyst Blog
Fri, 03 Sep 2010 14:15:55 ESTA group company of Honeywell International Inc. (HON), UOP LLC, will provide its process technology for the conversion of biomass to transportation fuels in Rentech Inc.'s Rialto Center.
Walter Projects Lower Sales in 2010 - Analyst Blog
Fri, 03 Sep 2010 14:00:27 ESTWalter Energy trimmed its fiscal 2010 coking coal sales guidance to 7.2 7.5 million tons, from 7.7 7.9 million tons earlier, on poorer coal expectation.
WPP Group Upgraded - Analyst Blog
Fri, 03 Sep 2010 13:45:48 ESTWe have upgraded our rating for WPP Group Plc from Underperform to Neutral based on a positive second-half outlook.
VeriFone Acquires WAY Systems - Analyst Blog
Fri, 03 Sep 2010 13:30:50 ESTVeriFone Systems Inc. announced the acquisition of WAY Systems Inc. for $6 million.
Allscripts Merges with Eclipsys - Analyst Blog
Fri, 03 Sep 2010 13:15:38 ESTAllscripts Healthcare Solutions Inc. has announced the completion of its merger with its peer Eclipsys Corporation.
OMAB Begins New Terminal Operation - Analyst Blog
Fri, 03 Sep 2010 13:00:39 ESTGrupo Aeroportuario del Centro Norte, S.A.B. de C.V. began operation at its new Terminal B at Monterrey International Airport.
HP Wins 3PAR Bid, Dell Loses - Analyst Blog
Fri, 03 Sep 2010 12:58:23 ESTThe bidding started with Dell offering $18 a share, which was counter-bid by HP and Dell in rapid succession, with the final offer from HP coming in at $33 a share.
Retailers Gain in August - Analyst Blog
Fri, 03 Sep 2010 12:49:49 ESTThe nation's retailers have reported unexpectedly strong August sales numbers as back-to-school requirements kept shoppers from restraining their spending plans.
Owens-Illinois Buys Brazilian Co. - Analyst Blog
Fri, 03 Sep 2010 12:45:22 ESTOwens-Illinois Inc. acquires Brazilian glassmaker Companhia Industrial de Vidros for $603 million.
Digital River Extends MSFT Deal - Analyst Blog
Fri, 03 Sep 2010 12:30:33 ESTDigital River Inc. stated that it has extended its e-commerce deal with Microsoft Corporation.
Near-Term PC Growth Not Visible - Analyst Blog
Fri, 03 Sep 2010 12:20:43 ESTGartner lowered its worldwide PC growth expectations to 15.3% year over year in the second half of 2010, down 2 percentage points from its previous outlook.
Nabors' Credit Facility Approved - Analyst Blog
Fri, 03 Sep 2010 12:15:02 ESTNabors Industries Ltd. received the commitment letter regarding an unsecured revolving credit facility.
MiFi Enters Comcast Network - Analyst Blog
Fri, 03 Sep 2010 12:00:21 ESTNovatel Wireless Inc. entered into a Master Purchase Agreement with Comcast Corp. to supply it with MiFi 2200 Intelligent Mobile Hotspots and Ovation MC760 USB modems.
Kansas City Southern Raises Outlook - Analyst Blog
Fri, 03 Sep 2010 11:45:21 ESTKansas City Southern raised its second half 2010 revenue guidance by nearly 20% year over year on significant growth in freight volume.
Vale Loses Paranapanema Bid - Analyst Blog
Fri, 03 Sep 2010 11:30:34 ESTVale S.A. lost its bid at $6.75 per share to acquire the majority stake in Brazilian base metals and fertilizers holding company Paranapanema (PMAM3) due to invalid tender.
IDSA Enters Oversold Territory - Zacks Tale of the Tape
Fri, 03 Sep 2010 11:18:49 ESTIDSA Enters Oversold Territory
BJ's Posts Soft Sales - Analyst Blog
Fri, 03 Sep 2010 11:15:19 ESTBJ's Wholesale Club Inc. recently posted soft sales for the four-week period ended August 28, 2010. Sales grew by 2.4% in August.
Bullish MACD for Cubic - Zacks Tale of the Tape
Fri, 03 Sep 2010 11:07:39 ESTBullish MACD for Cubic
Verizon Ups Dividend, Concerns Remain - Analyst Blog
Fri, 03 Sep 2010 11:01:31 ESTVerizon Communications ( raised its quarterly dividend by 2.6% to 48.75 cents per share.
Brooks Enters Oversold Territory - Zacks Tale of the Tape
Fri, 03 Sep 2010 10:53:31 ESTBrooks Enters Oversold Territory
Bullish MACD for Ashford Hospitality - Zacks Tale of the Tape
Fri, 03 Sep 2010 10:49:12 ESTBullish MACD for Ashford Hospitality
Dell Aims to Secure SMBs - Analyst Blog
Fri, 03 Sep 2010 10:45:07 ESTDell intends to provide small and medium businesses (SMBs) more secured data transaction and protection across the world.
Sep 3: ISM Services Index - Economic Highlights
Fri, 03 Sep 2010 10:42:54 ESTISM Services Index decreased to 51.5
Costco Sustains Momentum - Analyst Blog
Fri, 03 Sep 2010 10:30:05 ESTCostco Wholesale Corporation recently posted healthy sales data for the four-week period ended August 29, 2010.
Ross' August Comps Ups 5% - Analyst Blog
Fri, 03 Sep 2010 10:15:00 ESTRoss Stores Inc.'s comparable store sales for August increased 5% versus a 6% increase in the year-earlier period. The increase was attributable to attractive bargains on a variety of products for back-to-school customers.
Del Monte Q1 Profit Slips - Analyst Blog
Fri, 03 Sep 2010 10:14:40 ESTDel Monte's earnings slipped to 29 cents from 30 cents a share in the year-ago period and missed the Zacks Consensus Estimate by 9 cents.
American Phys. Goes to ProAssurance - Analyst Blog
Fri, 03 Sep 2010 10:00:00 ESTAmerican Physicians Service Group Inc. agreed to be acquired by ProAssurance Corporation. According to the agreement, the shareholders of American Physicians will receive $32.50 per share in cash from the acquirer and the transaction is expected to close in the fourth quarter of 2010.
Campbell Soup EPS Beats - Analyst Blog
Fri, 03 Sep 2010 09:54:06 ESTCPB reported fiscal 2010 fourth-quarter adjusted earnings of 33 cents per share, topping the Zacks Consensus Estimate of 30 cents.
Rating Action on CINF - Analyst Blog
Fri, 03 Sep 2010 09:45:00 ESTYesterday, the rating agency Fitch Ratings affirmed the issuer default rating as well as senior debt rating of A- and BBB+ on Cincinnati Financial Corporation. Along with this, the rating agency also affirmed the issuer financial strength rating of A+ on three of its subsidiaries the Cincinnati Insurance Co., the Cincinnati Casualty Co., the Cincinnati Indemnity Co., and the Cincinnati Life Insurance Co. All the ratings carry a stable outlook.
Sep 3: Unemployment Rate - Economic Highlights
Fri, 03 Sep 2010 09:41:31 ESTUnemployment Rate up to 9.6%; ISM Services Index today at 10:00 AM EST
Zacks Bull and Bear of the Day Highlights: Cummins, BB&T, Cisco Systems, Google and eBay - Press Releases
Fri, 03 Sep 2010 09:30:24 ESTZacks Bull and Bear of the Day Highlights: Cummins, BB&T, Cisco Systems, Google and eBay
Kraton Performance Polymers, Inc. - Momentum - Zacks Rank Buy
Fri, 03 Sep 2010 00:00:00 ESTKraton's share price has more than doubled since going public last year.
Coach Inc. - Growth And Income - Zacks Rank Buy
Fri, 03 Sep 2010 00:00:00 ESTChina is where the growth is for this luxury accessories maker.
BB&T Corporation (BBT) - Bear of the Day
Fri, 03 Sep 2010 00:00:00 ESTWe are downgrading our recommendation on BB&T (BBT) to Underperform based on concerns related to rising non-interest expenses and deteriorating credit quality.
Second quarter 2010 earnings were in line with the Zacks Consensus Estimate. A higher non-interest expense was among the negatives. Current challenges related to housing market and pressure on the credit quality raise concerns on near-term growth.
Our six-month target price of $21.00 per share equates to about 17.9x our earnings estimate for 2010. Combined with the annual dividend of $0.60 per share, this price target implies an expected negative total return of 7.5% over that period.
Cummins, Inc. (CMI) - Bull of the Day
Fri, 03 Sep 2010 00:00:00 ESTCummins (CMI) is set to benefit from fuel economy improvements, new emission standards and increased prices. Liquidity is also improving.
The company reported strong results in the most recent quarter, driven by continued strength in the non-U.S. markets. It also surpassed the Zacks Consensus Estimate by $0.36 during the quarter.
These factors have led us to continue with our Outperform recommendation. Our $89 target price, 17.8X 2010 EPS (trailing 12-month P/E is 18.8), reflects this view.
SKECHERS USA, Inc. - Value - Zacks Rank Buy
Fri, 03 Sep 2010 00:00:00 ESTAfter a big stock slide, SKX is dirt cheap.
One of these stocks just hit a new all-time high while the other is in position to do the same. - Charting Zacks Elite Stocks
Fri, 03 Sep 2010 00:00:00 ESTChipotle Mexican Grill, Inc. and CARBO Ceramics, Inc.
UFP Technologies - Aggressive Growth - Zacks Rank Buy
Fri, 03 Sep 2010 00:00:00 ESTUFP Technologies is coming off of a record-setting quarter, but shares can still be had for a good value.
Bank Stocks Are Lagging: Is It a Sign? - Investment Ideas
Thu, 02 Sep 2010 00:00:00 ESTEach of the big 4 U.S. bank stocks has sunk over 20% in the last 5 months.
Double My Dividend - Corporate Summary
Thu, 02 Sep 2010 00:00:00 ESTA straightforward way to increase income and reduce risk is to sell call options against high dividend-yielding stocks.
Sirona Dental Inc. - Value - Zacks Rank Buy
Thu, 02 Sep 2010 00:00:00 ESTThis dental products manufacturer has attractive valuations with a forward P/E of 12.
DST Systems, Inc. (DST) - Bull of the Day
Thu, 02 Sep 2010 00:00:00 ESTDST Systems Inc. (DST) reported good second quarter results, with earnings per share (EPS) exceeding our expectations. The company has supplemented internal growth with strategic acquisitions.
We remain encouraged with the quarter's revenue outperformance and solid cost structure. We believe that DST Systems leadership and scale in Financial Services will attract new customers based on the increasing popularity of mutual funds.
Moreover, the company is winning new customers at regular intervals. However, competition from Lombardi, Savvion and TIBCO Software may pose some challenges. We thereby upgrade our rating to Outperform on DST.
JinkoSolar Holding Co. Ltd. - Momentum - Zacks Rank Buy
Thu, 02 Sep 2010 00:00:00 ESTThis solar company's share price has more than tripled since going public in May.
Albany International Corp - Aggressive Growth - Zacks Rank Buy
Thu, 02 Sep 2010 00:00:00 ESTAlbany International is trading with great valuations even as analysts revise estimates higher.
The Gorman-Rupp Company - Growth And Income - Zacks Rank Buy
Thu, 02 Sep 2010 00:00:00 ESTThis pump manufacturer has paid a dividend for 242 consecutive quarters.
PPL Corporation (PPL) - Bear of the Day
Thu, 02 Sep 2010 00:00:00 ESTPPL Corporation's (PPL) earnings of $0.62 per share in the second quarter of 2010 came in below the Zacks Consensus Estimate, impacted by weak performances at the Pennsylvania Delivery and International Delivery businesses.
Going forward, we are apprehensive about the company given management's lowered 2010
earnings guidance, due to the recent dilution in the company's shares outstanding. Additionally,
expectations for continued pressure on PPL's hedges and projections for higher coal transportation costs could weigh on future earnings, in our view.
This has led us to lower our estimates for 2010 and 2011 and also downgrade our recommendation on the stock to Underperform.
AutoNation, Inc. (AN) - Bull of the Day
Wed, 01 Sep 2010 00:00:00 ESTAutoNation (AN) remains focused on improving its product
mix and cost-cutting initiatives. The company's profit increased 36% in the second quarter of 2010 and surpassed the Zacks Consensus Estimate by $0.02 per share.
Cost reduction revolved around lower interest expense, disciplined operations and inventory management. The company's strong new vehicle unit sales are expected to be boosted further by its recent acquisitions of three dealerships.
These factors have led us to upgrade our recommendation on the stock from Neutral to Outperform and set a target price of $28.
Federal-Mogul (FDML) - Zacks #1 Rank Top Performers
Wed, 01 Sep 2010 00:00:00 ESTThis vehicle parts maker gained approximately 11.5% on a very strong session for the market.
BJ's Wholesale Club (BJ) - Bear of the Day
Wed, 01 Sep 2010 00:00:00 ESTBJ's Wholesale Club (BJ) posted lower-than-expected second-quarter 2010 results. The quarterly earnings of $0.67 per share missed the Zacks Consensus Estimate of $0.73.
The company hinted that the quarter has been challenging, as it faced intense competition from supermarket stores trying to grab market share by going aggressive in their pricing. This compelled BJ's to make pricing adjustments at the cost of margin. BJ's forecast a sluggish economic recovery and a weak consumer spending environment in the second half of 2010 that could intensify the competition.
Consequently, the company has taken a conservative stance and lowered its fiscal 2010 guidance. Therefore, we prefer an Underperform recommendation on the stock.
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