Month: November 2011

NetApp Inc. ( NTAP ) is scheduled to announce its second quarter 2012 results on November 16. We find limited movement in the analyst estimates so far […]

Target Corporation ( TGT ), the operator of general merchandise and food discount stores in the United States, is slated to report its third-quarter 2011 financial results on Wednesday, November 16. The current Zacks Consensus Estimate for the quarter is 74 cents a share. […]

Caterpillar Inc. ( CAT ), devoted to its long-term vision of becoming a leader in the mining industry, announced plans to build a mining truck facility in Indonesia besides increasing capacity at its large mining truck facility and large track-type tractor unit in the United States to the tune of $790 million. Caterpillar will open a new mining truck plant in Batam, Indonesia for a total investment of $150 million. […]

The U.S. Energy Department's weekly inventory release showed a higher-than-expected increase in natural gas supplies, attributable to sagging demand amid robust production. The Weekly Natural Gas Storage Report – brought out by the Energy Information Administration (EIA) every Thursday since 2002 – includes updates on natural gas market prices, the latest storage level estimates, recent weather data and other market activities or events. […]

Chevron Corporation ’s ( CVX ) Pascagoula refinery in Mississippi commenced its 330,000 barrels per day (bpd) hydrogen unit last week. The start-up resulted in emission of more than 1,000 pounds of nitrogen oxide. As per a notice filed with the U.S. […]

Tetra Tech Inc. ( TTEK ) has received a $225 million contract for its huge range of environmental restoration and remediation services. The services are being offered to the U.S. […]

Lowe’s Companies Inc. ( LOW ), the world’s second largest home improvement retailer, recently posted better-than-expected third-quarter 2011 results, thereby raising its fiscal 2011 sales outlook. […]

We have downgraded our recommendation on Allstate Corp. ( ALL ) to Underperform from Neutral based on its consistent weak operating performance in the third quarter of 2011, which raises a question on the current sustainability factor. […]

J. C. Penney Company Inc. […]

TowerJazz Long-Term Story Remains Intact Ken Nagy, CFA TowerJazz ( TSEM ) is a pure-play semiconductor wafer foundry with two IC plants in Israel and one in California, that manufacture SiGe, MEMS, RF, embedded flash-based memory, analog/mixed-signal, and CMOS image-sensor devices. TSEM has solidified itself in the specialty semiconductor area. Tower’s designs are typically more complex than the manufacture of standard technology. […]

Media reports revealed that XL Health Corp. is being chased by WellPoint Inc. […]

Last Friday, U.S. regulators shuttered Georgia-based Community Bank of Rockmart, taking the number of failed banks thus far in 2011 to 88. This follows 157 bank failures in 2010, 140 in 2009 and 25 in 2008 […]