Month: September 2011

Last week, Charles Schwab Corp. ( SCHW ) released its Monthly Activity Report for August 2011, recording 35% jump in client activity compared with July 2011 and 57% compared with August 2010. The company’s Daily Average Revenue Trades (DARTs) stood at 545,300 during the month under review […]

IT security major Symantec Corporation ( SYMC ), recently rolled out an enhanced personalized security service product named Norton One, which is expected to protect consumers across multiple devices. The product is expected to provide the option of selecting a combination of solutions that work for them to provide total security for the connected household. […]

Independent energy exploration and production company Cabot Oil & Gas Corporation ( COG ) retained its third quarter production guidance and projected output levels for the fourth quarter. The company does not foresee the recent operational disturbances and the logistics of moving gas in northeast Pennsylvania as affecting the output level. […]

We currently maintain a Neutral recommendation on South Korean steelmaker POSCO ( PKX ) , the world’s third largest steelmaker on the basis of output. The company primarily manufactures steel for the shipping and construction industries and operates through its two steel production facilities, the Pohang Works and the Gwangyang Works. The company’s consolidated group has a total of 202 companies with roughly 143 companies engaged in steel, steel supports, trading and material related works, while the non-steel companies are engaged in E&C, Energy, ICT, and Chemical industries […]

Highwoods Properties Inc. ( HIW ), a real estate investment trust (REIT), has recently increased its fiscal 2011 FFO (fund from operations) guidance from $2.48-$2.56 per share to $2.52-$2.60, keeping in view the accretive effect of the just-concluded acquisitions of two of the most sought-after office properties. Funds from operations, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income […]

Being a leading American marketer of fine accessories and gifts, Coach Inc. ( COH ) boas ts of a p roven strategy of investing in stores to enhance store sales productivity through product innovation, compelling pricing strategy, new merchandise assortments, and a cost-effective global sourcing model, which should help drive comparable-store sales and operating margins in the long term. Management remains confident of sustaining double-digit growth momentum in both top and bottom lines, after posting better-than-expected fourth-quarter 2011 results on the back of healthy sales in North America and China […]

Recently, Alkermes, Inc. ( ALKS ) announced the completion of the purchase of Elan Corporation ’s ( ELN ) drug delivery unit, Elan Drug Technologies. The merger, announced in May 2011, was approved by the shareholders of Alkermes on September 8, 2011 […]

The U.S. Energy Department's weekly inventory release showed a larger-than-expected build-up in natural gas supplies on the back of higher production, as well as benign fall temperatures that restricted the commodity’s demand for power burn. […]

Amgen ( AMGN ) recently presented new long-term data on Prolia (denosumab). Results from a phase II study extension showed that postmenopausal women with low bone mass or osteoporosis undergoing treatment with Prolia for up to eight years experienced a continued increase in bone mineral density (BMD) and a persistent reduction in markers of bone turnover. These results were presented at the annual meeting of the American Society for Bone and Mineral Research (ASBMR). […]