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Zacks Analyst Blog Highlights: Bank of America, Citigroup, Motorola Inc., China Mobile Ltd. and Mylan, Inc. – Press Releases

Zacks Market Commentaries (October 30th, 2009) Writes:

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

...

Mylan Beats, Raises Outlook – Analyst Blog

Zacks Market Commentaries (October 29th, 2009) Writes:
Mylan, Inc. (MYL) reported third quarter earnings per share of 32 cents, above both the Zacks Consensus Estimate of 27 cents and 23 cents in the prior-year period. The company reported revenues of $1.26 billion, a 24% decline from the year-ago period. However, the year-ago period included $455 million of revenue related to the sale of the product rights of Bystolic. Excluding this, total revenues increased 5.2% over the third quarter 2008. Revenues would have increased 9%, but for the unfavorable movement of foreign currency. From this quarter onwards, Mylan has decided to report its results in two segments -- Generics and Specialty -- following the acquisition of approximately 24% of the remaining interest in Matrix and the related de-listing. The former Matrix segment has been included in the Generics segment. The Generics Segment, accounting for about 88% of total revenues during the quarter, increased marginally ...

AMLN, PWRM, MMM, CSRH, MYL, CVAT, STEM, AQNM, DrStockPick.com Stock Report!

Dr. Stock Pick (October 19th, 2009) Writes:

Dr Stock Pick HOT News & Alerts!

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Monday October 19, 2009

DrStockPick.com Stock Report!

AMLN, PWRM, MMM, CSRH, MYL, CVAT, STEM, AQNM

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AMLN, Amylin Pharmaceuticals, Inc.

AMLN is a biopharmaceutical company committed to improving lives through the discovery, development and commercialization of innovative medicines.

AMLN will webcast its Quarterly Update Conference Call for the third quarter of 2009 on Tuesday, October 20, 2009 at 5:00 p.m. ET/2:00 p.m. PT. Daniel M. Bradbury, Amylin’s president and chief executive officer, will lead the call. On the same date post-market, Amylin will release financial results for the third quarter of 2009.

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PWRM, Power 3 Medical Products Inc, PWRM.OB

Power3 Medical Products, Inc. is a

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Salix Hopeful on New Indications – Analyst Blog

Zacks Market Commentaries (September 29th, 2009) Writes:
Salix Pharmaceuticals (SLXP) is working on gaining approval from the U.S. Food and Drug Administration (FDA) for new indications of rifaximin, which should help in driving long-term growth. Rifaximin is currently marketed for the treatment of patients, aged 12 years or more, with travelers diarrhea caused by non-invasive strains of E coli.  Salix received a boost recently when it announced positive results from two pivotal phase III trials of rifaximin for the treatment of non-constipation irritable bowel syndrome (IBS). Two randomized, double-blind, placebo-controlled, multicenter trials, TARGET 1 and TARGET 2, were conducted to evaluate the efficacy and safety of rifaximin 550 mg. Patients treated with rifaximin saw statistically significant improvement in the primary endpoint compared with placebo. Rifaximin also achieved statistical significance in the key secondary endpoint of providing relief from IBS-related bloating.  Favorable data from these studies is a major positive for the company. Rifaximin ...

Salix Scores on Rifaximin Data – Analyst Blog

Zacks Market Commentaries (September 15th, 2009) Writes:
Shares of Salix Pharmaceuticals (SLXP) jumped 51% yesterday after the company announced positive results from two pivotal phase III trials of rifaximin for the treatment of non-constipation irritable bowel syndrome (IBS).

Two randomized, double-blind, placebo-controlled, multicenter trials, TARGET 1 and TARGET 2, were conducted to evaluate the efficacy and safety of rifaximin 550 mg. Patients treated with rifaximin saw statistically significant improvement in the primary endpoint compared with placebo. Rifaximin also achieved statistical significance in the key secondary endpoint of providing relief from IBS-related bloating.

Positive data from these studies is a major positive for the company. Rifaximin has become the company’s primary growth driver following the introduction of generic versions of Colazal in December 2007 by three players including Mylan Inc. (MYL).

Salix has been working on new indications of rifaximin, which should help in driving long-term growth. Rifaximin is currently marketed for the treatment of

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PennyOmega.com Stocks Upgraded, Downgraded and Short Highlights Before the Bell Wednesday September 2nd, 2009

Penny Omega (September 2nd, 2009) Writes:

 

PennyOmega.com Hot Stock News & Alerts!

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Wednesday September 2nd, 2009

PennyOmega.com Stock Report!

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Bristol-Myers Squibb Co. (NYSE: BMY) completed its $2.1 billion acquisition of Medarex Inc., a biotech drugmaker developing treatments for immune system diseases and cancer.

Mylan Inc. (Nasdaq: MYL) is selling version of Sepracor’s Xopenex with 180-day marketing exclusivity. According to IMS Health, sales of inhalable Xopenex were $18.3 million over

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Merck Wins Legal Battle – Analyst Blog

Zacks Market Commentaries (August 20th, 2009) Writes:
Merck (MRK) received a favorable ruling in a major patent-infringement suit yesterday against the largest generic player, Teva Pharmaceuticals (TEVA), on its top-selling drug Singulair. Teva was seeking the Food and Drug Administration’s (FDA) approval for selling a generic version of the drug for asthma and allergic rhinitis. The litigation has been continuing since Merck sued Teva in February 2007.

During the second quarter of 2009, Singulair recorded worldwide sales of $1.3 billion, up 16% from the year-ago period. The drug had total sales of $4.3 billion in fiscal 2008, accounting for about 18% of Merck’s total revenue. Defending Singulair’s patent was thus quite crucial for Merck.

We believe this is a major win for Merck as an unfavorable ruling would have hurt its top-line badly. The court not only upheld Merck's patent, but also issued an injunction blocking the approval of Teva's generics till Singulair’s patent

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DrStockPick.com Stock Report! 8/19/09, INMD, MYL, JAVA, RAVN, NTUR, HIMR

Dr. Stock Pick (August 19th, 2009) Writes:

DrStockPick.com Stock Report!

Wednesday August 19, 2009

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IntegraMed America, Inc. (NASDAQ: INMD), the nation’s leading provider of specialty healthcare services in emerging, technology-focused niches, today announced that The Froedtert and Medical College of Wisconsin Reproductive Medicine Center has begun offering IntegraMed’s Attain(TM) IVF Program - a course of treatment approach that improves patient success with In Vitro Fertilization (IVF).

Mylan Inc. (Nasdaq: MYL) today announced that the company and its subsidiary Mylan Pharmaceuticals Inc. filed a civil lawsuit in the Circuit Court of Monongalia County, W.Va., against the Pittsburgh Post-Gazette, Post-Gazette reporters Len Boselovic and Patricia Sabatini, and others as yet unknown.

Sun Microsystems, Inc. (NASDAQ:JAVA) today announced

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Biggest S&P Est Increases – Analyst Blog

Dirk Van Dijk (August 11th, 2009) Writes:
When you invest in a stock, one of the best things you can see is analysts raising their expectations about what the company is going to earn for the current fiscal year. There are several ways of measuring this, but the following is a list of the companies with the biggest increases in their consensus earnings expectations for this year over the last month.

To make the list, a company had to have a current mean (average) estimate of over 50 cents, be a member of the S&P 500 and have at least three estimates for this year. The 50-cent restriction was put in to prevent small dollar changes that are huge percentage moves from dominating the list (going from a penny expected to a nickel). Having 3 or more estimates also helps insure it was not a fluke. The S&P 500 restriction was put in to make sure we

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PennyOmega.com Stock Report NRT, ABCW, AHL, MYL, WEN, XRAY

Penny Omega (July 29th, 2009) Writes:

PennyOmega.com Stock Report!

PennyOmega.com Hot Stock News & Alerts!

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Wednesday July 29, 2009

PennyOmega.com Stock Report!

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The Trustees of North European Oil Royalty Trust (NYSE: NRT) announced today a quarterly distribution of 58 cents per unit for the third quarter of fiscal 2009, payable on August 26, 2009 to holders of record on August 14, 2009. Natural gas sold during the second calendar quarter of 2009 is the primary source of the royalty income that will be distributed. John R. Van Kirk, Managing Director, reported that this year’s quarterly distribution of 58 cents was 34.8% lower than the distribution of 89 cents for the third quarter of fiscal 2008. The major reasons for the decline in the

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