Month: August 2011

U.S. Airlines Industry, already suffering from the current market volatilities including rising f uel prices, braces for another catastrophe called Hurricane Irene. Hurricane Irene poses a serious threat to this crippling industr y as it is expected to cause severe damage to the northeastern U.S […]

Regis Corporation ( RGS ) reported fourth quarter 2011 adjusted earnings of 37 cents per share, surpassing the Zacks Consensus Estimate of 30 cents per share as well as the prior-year quarter earnings of 34 cents per share. During the quarter, the company reported GAAP net loss of $16.4 million or 29 cents per share, well below the net income of $18.3 million or 30 cents per share posted in the year-ago quarter. In fiscal year 2011, adjusted earnings were $1.16 as against $1.30 in the prior fiscal year […]

Toll Brothers Inc. ( TOL ) reported a net income of $42.1 million or 25 cents per share during the third quarter of fiscal 2011 compared with a net income of $27.3 million or 16 cents per share in the year-ago quarter. Reported income in the 2011 quarter included a tax benefit of $38.2 million and that in the 2010 quarter included a tax benefit of $26.5 million […]

EMC Corp. ( EMC ) announced that it will be providing its expertise on virtualized environment to Safe Systems Inc., a service provider for financial institutions, in an attempt to better serve the latter’s clients. The financial institution will be using the private cloud computing model through the virtualization of its IT infrastructure […]

We recently reiterated our Neutral recommendation on AmerisourceBergen Corporation ( ABC ) with a target price of $40.00. Over the last several years, the company has been benefiting from the growth of the pharmaceutical industry in the US. We believe AmerisourceBergen should continue to benefit from growth in the pharmaceutical industry, which is driven by several factors like aging population, increased use of generics, introduction of new treatments, increased use of drug therapies and favorable legislative developments. […]

Even as the East Coast gets ready to face Irene, all eyes will be on Ben Bernanke as he delivers his highly anticipated speech at the Fed’s annual Jackson Hole confab. But while Bernanke’s speech is the most important item on the market’s agenda today, we also saw a negative revision to the second quarter GDP report this morning. The GDP growth rate was revised down to 1% from the originally reported 1.3%; the expectation was for the growth rate to come down to 1.1% […]

International Business Machines Corp. ( IBM ) has unveiled its new hybrid cloud solution that is capable of managing and connecting public and private clouds securely for its clients. […]

Honeywell International Inc. ’s ( HON ) group company UOP LLC received a contract from Jiangsu Haili Chemical Industry Co. Ltd […]

We upgrade our recommendation on Motorola Solutions Inc. ( MSI ) to Outperform. The company reported excellent financial results for the second quarter of 2011 […]

DISH Network Corp. ( DISH ) reported mixed financial results for the second quarter of 2011. […]

Freeport-McMoRan Copper & Gold Inc .'s ( FCX ) Indonesian workers intend to go on another strike at its huge Grasberg mine in the coming days after it failed to reach an agreement with the company's management. Earlier, Freeport and its Grasberg copper-gold mine in Indonesia agreed to extend talks on labor contract terms with its workers till August 26, but it reached a deadlock. Freeport and Grasberg mine’s labor union has been in talks since July 20 after approximately 8,000 workers went on strike, causing a production loss of 60,000 ounces of gold and 35 million pounds of copper […]