For Immediate Release
Chicago, IL – September 16, 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: Citigroup Inc. (C), Pall Corporation (PLL), Joy Global (JOYG), Best Buy Company Inc. (BBY) and Ecolab Inc. (ECL).
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 Tuesday’s Analyst Blog:
Citigroup Mulls Lowered Govt Stake
Top-level management at Citigroup Inc. (C) is conceiving plans to downsize the U.S. government’s 34% stake in the company through a multibillion-dollar stock offering. Under the plan, Citigroup would issue new shares to the public and the Treasury Department would sell at least a portion of its Citigroup holdings.
Pall Corporation Beats Estimates
Pall Corporation (PLL) reported fourth quarter 2009 revenues of $652 million and net earnings of $69.5 million. Earnings per share were 58 cents, ahead of the Zacks Consensus Estimates of 52 cents.
Joy Global Seen to Outperform
Of late, Joy Global (JOYG) management has taken several strategies to stay ahead of the curve, e.g., optimizing cost-structure, realigning production capacity to slowing demand, and moving production capacity to low-cost regions. These actions will improve operational efficiency, boost profitability and also solidify long-term viability of the company. Going forward, we see Joy Global shares performing above the broader market and hence recommend it as Outperform.
Best Buy Misses Zacks Estimate
Best Buy Company Inc. (BBY) recently reported second quarter 2010 results, which included double-digit growth in the top-line, but a surprise double-digit drop in the bottom-line.
Best Buy’s quarterly earnings of 37 cents per share missed the Zacks Consensus Estimate of 42 cents, and dropped 22.9% year-over-year from 48 cents.
Ecolab Expands Chinese Footprint
Ecolab Inc. (ECL) intends to make incremental investments of $30 million in China, which will include additional manufacturing, research & development projects and technology platform upgrade.
During fiscal 2008, the company reported strong results in the Asia-Pacific segment with 8% revenue growth primarily driven by China and followed by Hong Kong.
Want more from Zacks Equity Research? Subscribe to the free Profit from the Pros newsletter: http://at.zacks.com/?id=5515.
About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
Zacks “Profit from the Pros” e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today: http://at.zacks.com/?id=5517
About Zacks
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leonard Zacks. As a PhD in mathematics Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it’s your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros at http://at.zacks.com/?id=5518.
Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Follow us on Twitter: http://twitter.com/zacksresearch
Join us on Facebook: http://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts
Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.
Contact:
Mark Vickery
Web Content Editor
312-265-9380
Visit: www.zacks.com
