Month: December 2012

We have maintained our Neutral recommendation on PulteGroup Inc. ( PHM ) appraisal of the third quarter results. PulteGroup’s third quarter 2012 adjusted earnings of 27 cents per share beat the Zacks Consensus Estimate by 35% […]

Chicago, Illinois-based, Hyatt Hotels Corporation ( H ) recently declared the opening of a Hyatt Place branded hotel in El Segundo, United States in collaboration with OTO Development. The new property named Hyatt Place Los Angeles/LAX/El Segundo is the first Hyatt Place branded hotel in the region. The Hyatt Place will feature 143 guest rooms and 1,000 square feet of meeting space along with many other amenities including free Wi-Fi, Intimate Bakery Café, 24/7 Guest Kitchen and complimentary a.m […]

Yesterday, Health Net Inc. ( HNT ) announced that its subsidiaries have terminated their 3-year contract with 6 hospitals of Tenet Healthcare Corp. ( THC ) in Southern California. […]

A lawsuit filed by South Korea-based Woori Bank against The Royal Bank of Scotland Group plc ( RBS ) was dismissed by a U.S. District judge in Manhattan. The lawsuit was related to Royal Bank’s sale of collateralized debt obligations (CDOs) supported by risky residential mortgage-backed securities (RMBS) to the latter prior to the 2008 financial crisis. […]

Following the third-quarter 2013 earnings announcement on December 20, 2012 for Research In Motion Ltd. , ( RIMM ), there was a huge downward revision of EPS estimates. […]

Ventas, Inc. ( VTR ) a leading health care real estate investment trust (REIT), has recently accomplished a deal by which the company along with the management team of Atria Senior Living, Inc. […]

In a ploy to further popularize its Webster Veterinary Supply unit, Patterson Companies Inc. ( PDCO ) announced that the former will be known as Patterson Veterinary Supply from January 1, 2013. It is a value-added, full-service distributor of a complete range of consumable supplies, diagnostic supplies, equipments, biologicals (vaccines) and pharmaceuticals to companion-pet veterinarians in the U.S. […]

We maintain our long-term Neutral recommendation on Equinix Inc. ( EQIX ) based on the company’s decent third quarter 2012 results and weak fiscal 2012 guidance. In the third quarter of 2012, Equinix’s revenue increased 19.2% year over year on the back of solid growth in its global interconnection platform across each of its geographic regions and good contributions from Asia Tone and ancotel GmbH acquisitions […]

Ford Motor Co. ( F ) announced that it will invest roughly $773.0 million for new equipments and capacity expansions in six manufacturing facilities located in Southeast Michigan. The investment is part of the Ford’s commitment to invest $6.2 billion in U.S […]

We are upgrading our recommendation on Telefonica Brasil SA ( VIV ) to Neutral from Underperform. Based in Sao Paulo, Brazil, Telefonica Brasil is the Brazilian subsidiary of Spanish telecom giant Telefonica SA ( TEF ). Telefonica Brasil enjoys being the leading telephone operator in the nation following the establishment of Vivo as the commercial brand for all services […]

Retail giant Wal-Mart Stores Inc. ( WMT ) recently inked an agreement with Murphy USA, a wholly owned subsidiary of Murphy Oil Corporation ( MUR ), wherein Murphy USA will build fuel stations at 200 Wal-Mart stores in the Midwest and Southeast United States. […]

We reiterate our Neutral recommendation on International Business Machines Corp. ( IBM ) primarily due to its sluggish top-line performance over the last two quarters. […]