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Sales slightly light on flat CPG and lower FX contribution (4% vs. DBE 6%).
| 2
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negative
|
Accordingly, we see potential upside to management's initial guidance as we go through 2008.
| 1
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positive
|
Why Is AXP A BUY? 1) We believe the spinout of American Express Financial Advisors, soon to be known as Ameriprise, should remove a significant drag from AXP's results, allowing the company to report a return on equity that should be north of 30% and EPS growth that is expected to remain in the high teens.
| 1
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positive
|
We have made a correction to UNP's quarterly EPS, for consensus table on Page 1. Incorrect quarterly numbers were published in our previous version.
| 0
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neutral
|
Updating BSX models after Q2 results -- maintaining Sector Perform rating as execution challenges persist in 2H..
| 2
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negative
|
AIG is benefiting from a "flight to quality." (4) Product spreads in Asia have increased.
| 1
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positive
|
The competition for aftermarket revenues has escalated even further as product differentiation has diminished.
| 2
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negative
|
While not a guarantee that this legislation could be passed in an election year, it certainly has better odds than was originally perceived.
| 1
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positive
|
Full details about the system and timing should be announced at the E3 trade show in May, but the initial signs suggest that Microsoft will have a strong chance to unseat Sony as the gaming system leader when the next cycle comes along.
| 1
|
positive
|
We base our Q1:05 expectation on several independent, but non-affiliated, sources.
| 0
|
neutral
|
Numbers: BLL Q3 EPS was $0.85, excluding restructuring charges, versus the $0.83 consensus.
| 0
|
neutral
|
Investors should not be distracted by the pending slowdown in "growth": we believe it's the returns that are the primary determinant of valuation, rather than growth.
| 0
|
neutral
|
In addition, WB distributes prerecorded videocassettes and videodiscs.
| 0
|
neutral
|
As shown, by far the most significant component of handset costs is the COGS, representing on average around 75% of the total cost of a device..
| 0
|
neutral
|
Our 6- to 12-month price target for CAT of $90 per share is based on our 2007 EPS estimate of $6.60 and assumes the stock trades at about a 10% discount to the S&P 500 multiple, which is closer to the upper end of its historical range of 70% discount to 15% premium to the S&P 500.
| 0
|
neutral
|
EOG has accumulated 60,000 net acres in the Atoka Formation in the Texas Panhandle where it has drilled 17 horizontal wells to date.
| 0
|
neutral
|
Guidance for 2006 revenue of $1.4 billion and EPS of $0.40-$0.45 is consistent with current consensus of $1.385 billion in revenue and EPS of $0.45 (our 2006 estimates of $1.392 billion and $0.46 are in line with consensus), but past management behavior suggests that this guidance has a high probability of being revised downward by changes in circumstances during the year.
| 2
|
negative
|
lower gross margins) and the S,G&A leverage disappears without a positive same-store sales figure.
| 2
|
negative
|
63.5% 70.0% Percent of Primary Users Male Female.
| 0
|
neutral
|
The only business unit that underperformed in the quarter was the company's Cardiac Surgery business.
| 2
|
negative
|
4Q08: $2M revenue reduction, $0.02 EPS reduction.
| 2
|
negative
|
Quarter Update - may see upside of +30M to our $1,180M September revenue estimate.
| 1
|
positive
|
Kerr-McGee's strong position in the Gulf allows it identify prospects in familiar areas, where the company believes it can achieve a balanced exploration program.
| 1
|
positive
|
We are lowering our 4Q and full year 2003 estimates for IP just as we have for the rest of the paper companies.
| 2
|
negative
|
As a result, many may be reducing expectations for Nvidia.
| 2
|
negative
|
For F2001, we estimate another decrease in the first quarter because of tough comparisons against Millennium pricing last year, followed by.
| 2
|
negative
|
strengthening of several Asian economies (i.e., Japan, Korea, Thailand and China) could reduce the pace of imports to the European market during 2000.
| 1
|
positive
|
Gross margin is standing at about 50% and operating margin is just under 30%.
| 0
|
neutral
|
Our new estimate reflects market appreciation in the quarter and guidance offered in LNC's third quarter 10Q on the expected effects of changes in equity indices.
| 0
|
neutral
|
o We believe that the growth of multichannel homes outside the U.S. should continue at a brisk pace over the next several years, as emerging economies continue to evolve and the middle class grows.
| 1
|
positive
|
Radio expense growth is currently in the low-to-mid single digit range, and is not expected to markedly increase near term.
| 0
|
neutral
|
We estimate AmSouth can repurchase an additional 19 million shares over the next 12 months based on our estimates of its excess capital and internal capital generation..
| 1
|
positive
|
We project a 2007 launch for ZoMaxx (1H in Europe and 2H in US), generating $120M in initial sales, and $260M in 2008 sales driven by a full year of US sales.
| 0
|
neutral
|
Looking at actual trailing P/E is problematic given large catastrophe losses and reserve charges from last year.
| 2
|
negative
|
We expect Cisco to show Q/Q revenue above our estimate of $5.43 billion, possibly as high as the low to mid-teens.
| 1
|
positive
|
� An ongoing acquisition program should replenish its product pipeline and accelerate revenue growth.
| 1
|
positive
|
The company expects the WLAN attach rate in mobile PCs to increase from just over 30% today to over 90% by 2004.
| 1
|
positive
|
Transactions/merchant increased 1%, which could indicate a slight shift towards bigger merchants.
| 1
|
positive
|
Enters Wireless Handset Market with Mobilink Telecom Acquisition - April 19, 2002.
| 0
|
neutral
|
By division, we expect pre-tax segment profit to be up about 10% at Target, which was the only divion to achieve positive same-store sales.
| 1
|
positive
|
Harrah's continues to benefit from its broad diversification.
| 1
|
positive
|
The biggest single barrier to entry into the U.S. power grid is new equipment and labor.
| 0
|
neutral
|
Outlook for Mortgage Production Volume and Margins.
| 0
|
neutral
|
The Times is expected to show circulation gains on the Audit Bureau of Circulations FAS-FAX report for the six-month period ending September 30, 2004.
| 1
|
positive
|
We rate the shares of Louisiana Pacific (LPX) Buy/Medium Risk (1M) with a target price of $21.
| 1
|
positive
|
ReNu sales were suspended in those geographies in order to investigate a rare incidence of eye infection, linked to the Fusarium keratitis among certain contact lens wearers.
| 2
|
negative
|
We note that GPS cycles the most challenging revenue comparison of the year in April (when the company reported a 20% comp in 2003).
| 2
|
negative
|
Method of establishing internal expectations for excellence based on direct comparison to "best." In some cases, the best is not a direct competitor in the industry.
| 1
|
positive
|
Biogen initially acquired the rights to develop and commercialize BG-12 from Fumapharm AG, a privately held Swiss company, in September 2003.
| 0
|
neutral
|
Note the company is targeting reported EPS in the range of $0.36 to $0.39.
| 0
|
neutral
|
We are raising our 2001/2002 winter season forecast to $590M from.
| 1
|
positive
|
Total Copper Sales: 598m lbs vs. our est. of 619m lbs, and vs. prior year of 607m lbs..
| 0
|
neutral
|
The breakdown of revenues by geography was: 54% ($31.0 million) from the Americas, 37% ($21.2 million) from Europe and 9% ($5.2 million) from the Asia/Pacific region, primarily Japan.
| 0
|
neutral
|
Combining integrated VCSEL capability at PicoLight with JDSU's in-house integration and low cost in-house and outsourced production should yield margin improvement.
| 1
|
positive
|
Continued progress in divesting the remaining utility properties should provide investors with additional confidence as proceeds from these sales are expected to be used to reduce Citizens' substantial debt load.
| 1
|
positive
|
Weill served as the firm's chairman from 1965 to 1984, a period in which the company completed more than 15 acquisitions to become the country's second-largest securities brokerage firm.
| 0
|
neutral
|
Motion grew core sales by 2%, and while those at Product ID were down 5%, sales would have grown at a high single digit pace if it weren't for the low margin USPS business, an otherwise stronger than expected result.
| 1
|
positive
|
To complete these three projects DUK expects to spend $400MM in capital expenditures by 2008.
| 0
|
neutral
|
*** Qwest subsequently renegotiated its purchase obligations with Calpoint and another vendor (ICG) in September, paying $174M to reduce cash costs through 2006, including $118M in 2004.
| 0
|
neutral
|
Most recently, we view halting of vicriviroc development in treatment-na�ve patients as a moderate setback.
| 0
|
neutral
|
Fiserv has built on its initial target market, i.e., banking.
| 0
|
neutral
|
Merrill Lynch: The Effects of a Conservative Capital Structure on ROE.
| 0
|
neutral
|
Underwriting Track Record And Product Diversity Should Carry WLP Through The Economic Slowdown.
| 0
|
neutral
|
d. By implication, other categories performing below the corporate average were appliances, nursery, fashion electrical, fashion plumbing, paint, millwork, and windows.
| 0
|
neutral
|
Further, HET's JV to operate a slots parlor at Chester Downs and the potential for a slots parlor in Pittsburgh could offset some of this near term impact.
| 0
|
neutral
|
HI intends to finance the $300 million transaction with 70% stock and 30% cash.
| 0
|
neutral
|
TECO Energy is a Florida-based utility holding company with regulated electric/gas operations in Florida, as well as unregulated operations in several locations in the US and Latin America.
| 0
|
neutral
|
Summary: We are initiating coverage of PRU, which recently completed an IPO of 110M shares at $27.50 each, with a Buy rating and a 12-mo price target of $37.
| 1
|
positive
|
At $50 per share, the upside potential is between 24% and 33%, with limited downside risk, according to our calculations.
| 1
|
positive
|
This equates to a 29x multiple on our CY06 EPS estimate of $0.98 including options..
| 0
|
neutral
|
We maintain our Market Perform rating, given limited upside to shares.
| 0
|
neutral
|
Sales for the Meditech peripheral vascular business and the Meadox vascular graft line were sluggish, rising by 7% as these units continue to adjust to new management structures and personnel..
| 2
|
negative
|
United HealthCare Insurance Company United HealthCare Insurance Company of Illinois United HealthCare Insurance Company of Ohio United HealthCare Insurance Company of New York --Insurer Financial Strength (IFS) 'AA-'.
| 0
|
neutral
|
Other categories performed on par with the chain average.
| 0
|
neutral
|
Overall, trends are shifting toward earlier treatment recommendations rather than waiting until an advanced stage of infection.
| 0
|
neutral
|
Furthermore, we expect a strong close to the year during the all important holiday selling season.
| 1
|
positive
|
YTD, AZA is down 30%, while the specialty pharma group is down 24%, large-cap pharma down 22%, and the S&P 500 down 15%.
| 2
|
negative
|
As we have stated previously, we believe Zander is lucky enough to have the wind at his back as he attempts to re-tool Motorola.
| 1
|
positive
|
On the information management side of the equation, Guidant did beat Medtronic to the punch with FDA approval for a wireless home link between its Latitude system and recently approved Renewal 3RF ICD.
| 1
|
positive
|
Apartment Investment and Management Company (AIV-$34.98) - Underperform.
| 2
|
negative
|
Aggregate liability associated with Lincoln UK selling practices declined 42% to $164.3M, further reducing their likelihood of becoming an earnings issue.
| 1
|
positive
|
Its 12.5% EPS growth relative to ITW's 15% decline is clear case in point. DHR's strong margin performance in the face of tough revenues give us relatively high confidence in our $2.40 estimate for 2001.
| 1
|
positive
|
Unum has a very clean balance sheet with only 20% debt-to-total capital and strong cash flow from operations we forecast over $1.5 billion in 2008 much of which has been allocated to share buybacks; the company has repurchased 8% of shares outstanding this year.
| 1
|
positive
|
In addition to the rate issue, there is a double refueling at the San Onofre nuclear plant in 1999, which should put pressure on the utility.
| 2
|
negative
|
PC servers to grow at 11% CAGR b/t '02-'07 (up 16% in '03, 10% in '04 & '05) SharePoint Portal Server 2003 requires Windows Server 2003 October 21 launch of Office 2003 MSFT database market share up from 18% in '01 to 23% in '03 (ORCL down) Linux gaining share, though more at expense of Unix than MSFT.
| 1
|
positive
|
Unless otherwise noted, all prices are intraday as of March 3, 2005.
| 0
|
neutral
|
Overall, however, selection and in-stocks improved somewhat since last year.
| 1
|
positive
|
About $3.7 billion were non-accretable marks on the impaired portfolio.
| 0
|
neutral
|
Intel increased its Q-1 08 operating income 23% to $2.06 billion, and expanded its margin 240 basis points to 21.3%.
| 1
|
positive
|
Integrators we have recently spoken with remain positive regarding the current business environment, with most resellers commenting that their pipelines are in good shape and most mentioning a few very large deals in their pipelines as well.
| 1
|
positive
|
ADC is still seeing strong results in Latin America and Europe.
| 1
|
positive
|
The chart below summarizes the changes in pricing for stores..
| 0
|
neutral
|
HOT decreased its RevPAR guidance range worldwide to a 2% to 4% increase from 6% to 8% and cut its North American owned hotel guidance range, revising it to -1% to 1% from 2% to 3%.
| 2
|
negative
|
Amortization Capital spending Free cash flow D & A (ILEC+CLEC).
| 0
|
neutral
|
The Bank of New York Asset Solutions Division (BNYAS), the commercial mortgage servicing division of BK, is a Fitch-rated commercial mortgage-backed securities (CMBS) servicer.
| 0
|
neutral
|
An sBLA for CAIV-T in children as young as twelve months has also been submitted.
| 0
|
neutral
|
We project peak sales of $2.0 bn (with EU profits recorded in equity income) and anticipate 2H:06 approval.
| 1
|
positive
|
We understand that the $500-million funded portion of Tenet's recently renegotiated $800-million revolver is presently undrawn, and that approximately $215 million of letters of credit are currently outstanding.
| 0
|
neutral
|
Book value adjusted for convertible securities rose 6% to $19.56 as of March 31, 2005, compared to $18.48 a year ago.
| 0
|
neutral
|
Our 2003 worldwide revenue forecasts for Vioxx and Arcoxia are $2.55 billion and $77 million, respectively.
| 0
|
neutral
|
Subsets and Splits
Balanced Sentiment Sampled Data
Collects a balanced sample of positive, negative, and neutral labeled samples for potential training or analysis, but provides limited insight beyond the selection process itself.