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[ October 22, 2016 | Author: Admin | Views: 53165 | Weather: | Mood: normal]

RBC’sSeth Weber and team offer their thoughts on Zoomlion’s revised bid for Terex (TEX): Bloomberg News After the close today, Terex announced that it is moving forward in its negotiations with Zoomlion Heavy Industry Science and Technology Co. following receipt of a non-binding proposal from the Chinese company to acquire all outstanding shares for $31/share in cash. We expectTerex shares to rise on the disclosure, with the all-cash offer representing a bump from the original $30/cash offer and more than 30% premium from theTerex closing price of $23.74; likewise, we would expect the bird in the hand of the cash acquisition offer to be viewed as a positive by shareholders/avoiding risks (end market, integration) associated with the existing Konecranes merger proposal. Terexhas decided to pursue negotiations to see whether it can get a binding offer from Zoomlion that provides a high degree of closing certainty. The acquisition proposal is contingent … Continue reading

[ October 22, 2016 | Author: Admin | Views: 41322 | Weather: | Mood: normal]

Related AMZN The Market In 5 Minutes: Friday, March 11, 2016 A Peak Into Amazon's Transportation & Logistics Trends PayPal Restructures Braintree Developer Program; Staff Cuts Reported (Investor’s Business Daily) Related ASH Barron's Picks And Pans: Ingersoll-Rand, Michael Kors And More Earnings Scheduled For January 25, 2016 The cover story in this weekend’s Barron’s makes a case for rebound in value stocks as growth stocks take a siesta. Barron’s offers 16 ways – from stocks to mutual funds – to play such a value rebound. Other featured articles include a special report on strategic beta ETFs. Top 10 Semiconductor Companies To Watch For 2017: BioAmber Inc.(BIOA)   BioAmber Inc., an industrial biotechnology company, produces and sells bio-succinic acid to various chemical market customers in the United States. Its proprietary technology platform combines industrial biotechnology and chemical catalysis to convert renewable feedstocks into chemicals that are replacements for petroleum-derived chemicals. The … Continue reading

[ October 22, 2016 | Author: Admin | Views: 23729 | Weather: | Mood: normal]

It’s an ugly day for airlines following earnings from United Continental (UAL), Alaska Air (ALK) and Southwest Airlines (LUV), one that’s seen American Airlines (AAL) and Delta Air Lines (DAL) fall as well. United Continental gets out vote for the biggest disappointment despite its earnings beat. Cowen’s Helane Becker and team explain why: Associated Press United reported 1Q16 adj. EPS slightly ahead of our and the consensus estimate. That said, we expect the shares to react negatively to management’s 2Q16 PRASM guide, despite a strong pre-tax margin guide… United reported 1Q16 adj. EPS of $1.23, compared to our estimate of $1.19 and the consensus estimate of $1.18. Total revenue declined 4.8%, to $8.195 Bn, compared to our estimate of $8.184 Bn and the consensus estimate of $8.207 Bn. During 1Q16, consolidated PRASM declined 7.4%, with mainline domestic PRASM down 5.5% and international down 10.5%. As expected, the decline in PRASM … Continue reading

[ October 22, 2016 | Author: Admin | Views: 49871 | Weather: | Mood: normal]

KB Home (KBH) doesn’t report earnings until after the close, but the market isn’t taking any chances. Its shares–as well as those of homebuilders like PulteGroup (PHM) and DR Horton (DHI)–are getting whacked today following disappointing housing-starts data, and Lennar’s (LEN) below-consensus order growth. Getty Images Strategas Research Partners’ Don Rissmiller and Erica Halie Comp don’t appear too worried by the disappointing housing data: Housing starts declined -5.8% m/m in Aug, though single-unit permits rose +3.7%. The NAHB housing market index also moved higher by +6 points to 65 in Sep. Housing is typically an early-cycle variable (sensitive to interest rates), but this cycle the process is playing out much more slowly, in large part due to the change in bank lending standards (much of which can be defended as appropriate). Still, it takes a good amount of confidence to buy a house. As long as the housing market continues … Continue reading

[ October 22, 2016 | Author: Admin | Views: 24287 | Weather: | Mood: normal]

Related XLF Sector Rotation Strategies Boost Popularity Of Sector ETFs Energy Struggles Straining Financial Services ETFs For Stocks Friday, Syria Developments Help But Retail Sales Is Pivotal (Seeking Alpha) Down almost 12 percent year-to-date, the Financial Select Sector SPDR (NYSE: XLF) is the worst performer among the nine established sector SPDR exchange traded funds this year. XLF is far from the only financial services offender as ETFs tracking the S&P 500's second-largest sector are being plagued by the flattening yield curve and lower oil prices, among other factors. 10 Best Services Stocks To Own Right Now: TheStreet, Inc.(TST)   TheStreet, Inc., a digital financial media company, provides business and financial news, investing ideas, and analysis to personal and institutional investors worldwide. The company engages in the online publishing of business and investment information through TheStreet, a paid subscription financial news and commentary Website. Its collection of digital services provides various … Continue reading