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Company News for November 5, 2009 – Corporate Summary

Zacks Market Commentaries — Thu, 05 Nov 2009 14:22:43 +0000

• Cisco Systems (NASDAQ:CSCO) reported better-than-expected first quarter adjusted earnings of 36 cents a share, versus 37 cents a year ago, beating Zacks estimates of 26 cents a share. Revenues of $9 billion, though off last year's $10.3 billion, exceeded Zacks projections of $8.75 billion. Current quarter revenue guidance was lifted to 1%-4% growth from a year ago to $9.9 billion-$10.2 billion. CEO John Chambers said the numbers "continued to reflect strong sequential growth trends," as he noted an improving economic outlook

• Toyota Motor (NYSE:TM) reported a surprise quarterly profit and halved its annual loss estimate as both its revenue and cost-cutting expectations beat estimates after vehicle demand grew in the US and Asia. The company said it now sees a $2.2 billion loss for its fiscal year ending March

• Costco Wholesale (NASDAQ:COST) reported same-store-sales rose 5% in October, ahead of estimates of a 4.7% gain, as a weak dollar boosted international results

• Hyatt (NYSE:H) priced 38 million shares at $25, on its IPO

• Dr. Pepper Snapple (NYSE:DPS) reported third quarter earnings of 54 cents a share, versus Zacks estimates of 49 cents a share on inline revenues of $1.4 billion

• CVS Caremark (NYSE:CVS) reported earnings of 65 cents, one penny above Zacks estimates, on inline revenues of $24.6 billion

• Time Warner Cable (NYSE:TWC) reported third quarter earnings of 76 cents a share, inline with Zacks estimates on revenues of $4.5 billion

Zacks Investment Research

Invest Like Buffett: Dump Moody’s and Snatch Up These 11 Stocks

Contrarian Profits — Fri, 24 Jul 2009 20:48:25 +0000

p class="MsoNormal"Warren Buffett’s Berkshire Hathaway Inc (NYSE:BRK.A) is finally starting to offload its 20% stake in ratings agency Moody’s Corporation (NYSE.MCO). /p p class="MsoNormal"Here are listed sales in the filing, courtesy of 24/7WallStreet.com:/p p class="MsoNormal" /pp class="MsoNormal"· 7/20/09… 1,817,000 at $28.7269 average in open market sale./p p class="MsoNormal"· 7/21/09… 3,915,100 at $26.9188 average in open market sale./p p class="MsoNormal"· 7/22/09… 2,254,200 at $26.6425 average in open market sale./p p class="MsoNormal" /pp class="MsoNormal"What took Buffett so long to start selling Moody’s? We have no idea. Moody’s runs one of the biggest scams on Wall Street. It charges the companies whose securities it rates (just like Standard #38; Poor’s and Fitch also do)./p p class="MsoNormal"So what do you think these ratings agencies did when presented with a whole load of junk mortgage-backed securities to rate? They assigned them investment#8230;/p

Brite-Strike Technologies, Inc. (BSTI.PK) is Drawing More Customers Through Major Retailers

QualityStocks — Tue, 23 Sep 2008 01:13:15 +0000

Brite-Strike Technologies, Inc. (OTC: BSTI) previously relied mainly on word-of-mouth in order to publicize their products as well as the company’s website and several high-end catalogs, but today their dedicated work to allure customers through a major media advertising campaign is paying off. With their inviting price points, community involvement, and niche focus for [...]

James Cullen: Is Buffett Buying American Express (AXP)?

Stockmasters Staff — Fri, 29 Aug 2008 03:03:15 +0000

Via the CollegeAnalysts.com, James Cullen ponders is Warren Buffett Buying more American Express (NYSE:AXP) shares?

Brite-Strike Technologies, Inc. is “One to Watch”

QualityStocks — Fri, 13 Jun 2008 14:44:40 +0000

Brite-Strike Technologies, Inc. was started by two police officers who believe the top manufactures of tactical lights do not meet the needs of police officers. The company is committed to using the very latest technology, while abiding to the highest design and manufacturing standards, so that policemen and consumers can rely on Brite-Strike products when [...]