For Immediate Release
Chicago, IL – January 6, 2010 – 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: Nucor (NUE), U.S. Steel (X), Joy Global (JOYG), Bucyrus (BUCY) and Dell (DELL).
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Here are highlights from Tuesday’s Analyst Blog:
Factory Orders Rise
There were a few areas that really stood out in the report of industries that appear to be coming back from the dead, as measured by big or persistent increases over the last few months coupled with large declines on a year-to-date basis. Iron and steel mills, meaning firms like Nucor (NUE) and U.S. Steel (X) have seen orders tumble 49.5% on a year-to-date basis, but over the last three months have seen orders rise 4.6%, 1.1% and 3.8% in November, October and September, respectively.
A similar industry is mining machinery, including firms like Joy Global (JOYG) and Bucyrus (BUCY) where orders jumped 11.7% in November — more than reversing a 4.6% decline in October — but which came on top of a 23.5% rise in September. On a year-to-date basis, though, orders are down 36.8%. Given how large and expensive some of the draglines and massive trucks used in the mining industry are, the order patterns there can be very lumpy (sort of like jetliners).
Orders for computers rose by 12.6% in November, following a 0.2% decline in October and a 0.7% rise in September. Year to date, computer orders are down 15.5%. The big jump in November probably means good things for firms like Dell (DELL).
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