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(CGNX, CRWE, CNP, PRE, CLNO, PHH) Stock Report from

|Includes: Cognex Corporation (CGNX)


Cognex Corporation (NASDAQ:CGNX) is the world's leader in the machine vision industry, having shipped more than 600,000 vision-based products, representing over $3 billion in cumulative revenue, since Cognex's founding in 1981. Headquartered in Natick, Massachusetts, USA, Cognex has regional offices and distributors located throughout North America, Japan, Europe, Asia and Latin America.


“This was an outstanding quarter for Cognex,” said Dr. Robert J. Shillman, Chairman of Cognex. “We expected to have a good quarter when we gave revenue guidance in May but the actual results surpassed our estimate. Demand was strong in both the Factory Automation and Surface Inspection markets; in fact, we received a record level of orders from each of those markets during the quarter, resulting in record bookings overall. This order strength led to the second highest quarterly revenue in Cognex's 30-year history. The substantial leverage that incremental revenue has on our profitability drove our gross margin to 77%, operating margin to 29% and net income to 23% of revenue for the quarter.”

Cognex Corporation yesterday announced its financial results for the second quarter of 2011. Revenue for the second quarter of 2011 increased 16% from the second quarter of 2010 and 12% from the prior quarter. The increase, both year-on-year and sequentially, was due to record revenue from the Factory Automation market. The largest percentage increase was in Asia, primarily due to strong growth in China where Cognex is expanding its sales and distribution network. Gross margin was 77% in the second quarter of 2011, 74% in the second quarter of 2010 and 75% in the prior quarter. Gross margin increased year-on-year due to leverage from the higher revenue level and a stronger mix of modular vision systems, which are Cognex's highest-margin products. Gross margin increased on a sequential basis also due to the higher revenue level as well as improved margins on surface inspection products and services.

In Q3-11, revenue is expected to be between $78 million and $81 million, which is a decrease of 3% to 6% on a sequential basis due to typical seasonal softness. Operating expenses are expected to be relatively flat with Q2-11. And, the effective tax rate is expected to remain at 23%.

For more information about Cognex, please visit:

********************************************** Equity Holdings, Inc. (CRWE)

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Crown Equity Holdings, Inc. announced that it has extended its CRWENEWSWIRE global platform web presence and is now publishing online news and information to the following countries: Argentina, Australia, Brazil, China, France, Germany, India, Ireland, Italy, Japan, Malaysia, Mexico, New Zealand, Russia, Singapore, South Africa, South Korea, Spain, Taiwan, United Arab Emirates and the United Kingdom, using their specific country code domain and native language.

For more information, visit


CenterPoint Energy, Inc. (NYSE:CNP) board of directors declared a regular quarterly cash dividend of $0.1975 per share of common stock payable on September 9, 2011, to shareholders of record as of the close of business on August 16, 2011.

CenterPoint Energy, Inc., headquartered in Houston, Texas, is a domestic energy delivery company that includes electric transmission & distribution, natural gas distribution, competitive natural gas sales and services, interstate pipelines and field services operations.


PartnerRe Ltd. (NYSE:PRE) reported net income of $124.2 million, or $1.69 per share on a fully diluted basis for the second quarter of 2011. This net income includes net after-tax realized and unrealized gains on investments of $41.0 million, or $0.60 per share. Net income for the second quarter of 2010 was $190.9 million, or $2.31 per share on a fully diluted basis, including net after-tax realized and unrealized gains on investments of $29.7 million, or $0.38 per share. The Company recorded operating earnings of $67.2 million, or $0.98 per share on a fully diluted basis, for the second quarter of 2011. This compares to operating earnings of $141.8 million, or $1.80 per share, for the second quarter of 2010.

PartnerRe Ltd., through its subsidiaries, provides reinsurance services worldwide. The company was founded in 1993 and is based in Pembroke, Bermuda.


Clean Tech Transit Cleantech Transit Inc. (OTCPK:CLNO)

Cleantech Transit Inc. was founded to capitalize on technology advances and manufacturing opportunities in the growing clean energy public transportation sector. The Company has expanded its focus to invest directly in specific green projects that can maximize shareholder value. Recognizing the many economic and operational advances of converting wood waste into renewable sources of energy, Cleantech has selected to invest in Phoenix Energy ( This project can generate shareholder returns as well benefit the Company's manufacturing clients worldwide.

Biomass is a clean, renewable energy source that can help to diversify transportation fuel choices in the United States and reduce our dependence on foreign oil. Biomass is used to produce a variety of energy-related products including electricity; liquid, solid and gaseous fuels; heat and chemicals. For example, methane gas from landfills and other wastes, such as manure, can be used to generate electricity and heat. Wood waste can be made into pellets for heating or power production. Crops such as sugar, corn or wheat, and soon cellulosic materials such as hay, straw and wood wastes, can be used to make ethanol, a substitute for gasoline; canola crops and oil wastes can be used to make biodiesel.

Cleantech Transit, Inc. is pleased to announce it has completed an agreement whereby it can earn a larger ownership percentage in the 500 KW bio mass Merced Project than previously announced.

Cleantech can now earn in up to 40% of the Merced Project up from the original 25% the Company announced. The 40% ownership stake will be based on the total cost incurred to the Project to date, in addition Cleantech can invest the in the Series B shares of Phoenix Energy equal to or greater to the direct investment made in 500 KW project.

For more information, visit


PHH Corporation (NYSE:PHH) announced results for the three and six month periods ended June 30, 2011. Fleet profit growth was primarily the result of a 10% increase in net fee income from the second quarter of 2010. We expect to continue to grow the Fleet business and its contribution to our total earnings, through new client signings and a sustained effort to increase fee-based services. Our mortgage servicing revenues are strong, reflecting growth in our MSR portfolio and slower prepayments. While our servicing portfolio delinquencies rose slightly to 3.22% at quarter-end from 3.15% at the end of the first quarter, they are still approximately half those of most other large servicers. Foreclosure costs remain elevated at $24 million, compared to $20 million in the second quarter of 2010, driven by increased repurchase requests.

PHH Corporation provides mortgage and fleet management outsourcing services in the United States and Canada.

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