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Friday November 6, 2009

DrStockPick.com Stock Report!

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PowerSafe Technology Corporation (PSFT.PK) subsidiary Amplification Technologies Inc. (www.amplificationtechnologies.com) (ATI), is offering higher performance thermoelectrically cooled discrete amplification single photon counting solid state photodetectors. These photodetectors are mounted on a two stage thermoelectric cooler inside a hermetically sealed TO8 package and can be operated down to a temperature of -30oC.

Aastrom Biosciences, Inc. (Nasdaq:ASTM), a leading developer of autologous cell products for the treatment of chronic cardiovascular diseases, today reported financial results and operational updates

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BOK Financial Corporation’s (BOKF) third-quarter earnings of 75 cents per share were 7 cents ahead of the Zacks Consensus Estimate of 68 cents. The company had earned 84 cents in the year-ago period. Results reflected an increase in interest revenue and margin, though credit quality continued to deteriorate in the quarter.   Net interest revenue totaled $180.5 million, up 2.8% sequentially and 9.8% year-over-year. Net interest margin was 3.63%, up 8 basis points (bps) sequentially and 15 bps year-over-year. The increase in net interest margin over the previous quarter resulted from improved loan pricing and lower funding costs.  Outstanding loan balances were $11.6 billion at Sep 30, 2009, down $458 million since Jun 30, 2009. All major loan categories decreased during the quarter largely due to reduced customer demand, normal repayment trends and management decisions to exit certain loan types. Average deposits decreased $202 million from the ...

Dr Stock Pick HOT News & Alerts!

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Friday October 30, 2009

DrStockPick.com Article

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Too big to fail, is still heavy in the derivative market, and primed for a gigantic collapse.

Congress needs a chimney sweep to clean the soot from the smoke they’ve been blowing. Our do nothing congress; well we can’t really say do nothing, they did bail out the banks, and they have raised more money for themselves this session from Insurance, health care and bank lobbyists than in any other one year period, and the year isn’t even over. Now they are spreading the word, the gospel of Obama, it’s time to

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For Immediate Release

Chicago, IL – October 30, 2009 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Bank of America (BAC), Citigroup (C), Motorola Inc. (MOT), China Mobile Ltd. (CHL) and Mylan, Inc. (MYL).

Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=5513

Here are highlights from Thursday’s AnalystBlog:

Contributions to GDP Growth

While residential investment is still near a record low share of the overall economy, I have serious questions about the sustainability of the increase. The extension and expansion of the the tax credit by Congress might keep things going for the next few quarters, but

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Not all components of GDP are created equal. Some are very big, and others relatively small. Some tend to be very stable over time, and some tend to swing violently from quarter to quarter. The bigger and more volatile they are, the more they will impact the overall growth rate of GDP. Thus looking at just the percentage changes in the components does not tell the full story. Of the 3.5% total growth, how many points were added or subtracted by each part of the economy? The biggest part of the economy is the Consumer, or PCE -- overall it contributed 2.36 of the 3.50 points of total growth. In the second quarter it caused 0.62 of the 0.70 total decline in the 2Q. In the first quarter it actually offset 0.44 points of the 6.40 total decline. In other words, excluding the Consumer the economy would ...

There were some other very interesting presentations at the conference hosted by the Federal Reserve Bank of Boston last week. Fed Chair Ben Bernanke spoke on Financial Regulation and Supervision after the Crisis while Princeton Professor Alan Blinder's message was

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United Community Banks Inc. (UCBI) reported third-quarter results on Friday. The company posted its fifth-straight quarterly net operating loss of $43.7 million, or 93 cents per share, compared to net operating loss of $39.9 million, or 84 cents per share in the year-ago quarter. The result also missed the Zacks Consensus Estimate for a 91-cents loss. The company said total loans at quarter-end fell to $5.4 billion from $5.8 billion in the year-ago period. The decline was primarily driven by management’s efforts to reduce exposure to the residential construction market. The company’s residential construction loan book, which was 22% of total loans during the quarter, shrunk 25.8% to $1.2 billion. In terms of loan markets, approximately 36.2% of total loans originated in North Georgia, while about 28.5% came in from Atlanta . Net interest revenue grew 7.2% year over year to $63.0 million, while net interest ...

US stocks ended Monday with losses on fresh concerns that the current market levels are overblown.  A rebound in dollar against key foreign currencies sent commodities lower and financials fell as reports emerged the federal government may require Bank of America to raise more capital.  The group took another beating as influential analyst Richard Bove trimmed his ratings on a number of regional banks.  Homebuilders also led the market lower on reports the first time homebuilders' tax credit is unlikely to be extended.

The Dow Jones industrial average oscillated within a 200-point range and briefly touched the 10,000 mark, before some profit taking saw the index squandering the earlier advance and ending the day 104-points lower.  Technology shares, only sector to have recorded gains last week, fell out of favor and slid along with the broader market.  The technology-laden Nasdaq retreated 12.62 points, or 0.6%, to 2,141.63.  The CBOE

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Capital One’s (COF) third quarter net income from continuing operations of $1.03 per share was substantially better than the Zacks Consensus Estimate of 11 cents. This also compares favorably with a net loss from continuing operations of 64 cents in the prior-year quarter. Results for the quarter benefited primarily by increased revenue and almost stable expenses as a result of the absence of the FDIC special assessment that impacted the second quarter. However, an increased provision and decrease in average deposits were on the downside. Net income came in at $425.6 million or 94 cents per share, compared to $224.2 million or 53 cents in the earlier quarter, prior to the impact related to the redemption of preferred shares and preferred dividend payment. Total managed revenues for the quarter increased 11.6% sequentially and 9.9% year-over-year to $4.6 billion. The sequential increase in revenue was driven ...

Huntington Bancshares Incorporated (HBAN) reported third quarter 2009 net loss applicable to common shareholders of $166.2 million or 33 cents per share, compared to a net loss of $125.1 million or 40 cents per share in the prior quarter and a net income of $75.1 million or 17 cents per share in the prior-year quarter. Results were short of the Zacks Consensus Estimated loss of 28 cents. Higher losses were attributable to $475.1 million in provisions for credit loss expense and higher share count in the quarter. Both credit and profitability metrics continued to deteriorate whereas non-interest expense increased significantly. Fully taxable equivalent net interest income increased 3.7% sequentially but decreased 6.6% year-over-year to $362.8 million. The year-over-year decrease resulted primarily from a decline in the net interest margin (NIM) to 3.20% from 3.29% a year ago as well as a decline in average earnings assets....