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J.P. Morgan Adjusting Estimates On Huntsman Corp. (HUN)
Monday, August 23, 2010 - 8:32am | 129J.P. Morgan is lifting its earnings estimates on Huntsman Corporation (NYSE: HUN) after the company reported earnings on August 6. It rates shares at Neutral and has an $11 price target. In the research report to investors, J.P. Morgan writes, "We lifted our 2010 EPS adjusted estimate for Huntsman...
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SAP and Sybase Align Resources - Analyst Blog
Friday, August 20, 2010 - 10:39am | 757SAP AG (SAP) and Sybase announced that they will collaborate to develop a mobile platform based on open architecture that supports different operating systems and devices. Further, the two companies will develop a solution for corporate information management to provide customers with a broader...
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Sector Leaders 08-18-2010
Wednesday, August 18, 2010 - 2:49pm | 903Cusick’s Corner Walking into the Midday, all major Equity Indices are positive with clear leadership to the upside in Tech, QQQQ, Commodities, MOO/COW, and Retail, XRT/TGT. We want to see if the rest of the market starts to exhibit this strength to the upside into the After Hours. We are still...
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AMSC Acquires 25% of Blade Dynamics - Analyst Blog
Wednesday, August 18, 2010 - 1:41pm | 771Power technology company American Superconductor Corporation (AMSC) acquired a 25% stake in Blade Dynamics Ltd. for $8 million in cash, and will have one seat on the Blade Dynamics Board of Directors. Blade Dynamics Ltd. is a designer and manufacturer of advanced wind turbine blades based on...
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Stock Market News for August 18, 2010 - Market News
Wednesday, August 18, 2010 - 9:52am | 1164A slew of better-than-expected economic data and activity on the mergers and acquisitions front boosted investors’ confidence yesterday, sending the Dow industrials into the positive territory for the year, even as Wal-Mart Stores and Home Depot reported upbeat earnings numbers. Material stocks...
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Ashland Inc. Vice-President Sells 7,000 Shares of ASH
Tuesday, August 17, 2010 - 3:58pm | 53In a Form 4 filed earlier today, Ashland Inc. (NYSE: ASH) Vice-President, Paul C. Raymond, reported that he sold 7,000 shares of ASH on August 16th for an average price of $50.01. The transaction totaled $350,036. Mr. Raymond owns 6,049 direct and 1,009 indirect shares of ASH. Source: The...
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Valspar Barely Misses - Analyst Blog
Tuesday, August 17, 2010 - 3:56pm | 695Paints and coatings maker Valspar Corp. (VAL) recorded net income of $75.1 million or 74 cents per share in the third quarter of fiscal 2010, up 15.5% from last year’s $65 million or 61 cents per share. Earnings were helped by a stronger catings business that negated subdued performance in the...
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Deflation Diverted or Delayed? - Analyst Blog
Tuesday, August 17, 2010 - 3:56pm | 939In July, the Producer Price Index (PPI) increased by 0.2% from June and was up 4.2% from a year ago. That increase was in line with consensus expectations. The increase comes on the heels of three straight declines and declines in four of the last five months. In June, the headline PPI fell by 0.5...
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Eastman Chemical - Bull of the Day
Tuesday, August 17, 2010 - 12:14pm | 196Eastman Chemical's (EMN) diversified chemical portfolio is driving earnings. The company benefits from business restructuring and cost-cutting measures. The Performance Chemicals business continues to outperform with an enhanced product mix achieved from the Genovique Specialty acquisition. Strong...
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Housing Starts Still Weak - Analyst Blog
Tuesday, August 17, 2010 - 12:13pm | 2179In July, Housing Starts rose to a seasonally-adjusted annual rate of 546,000, an increase of 1.7% over the 537,000 rate in June. However, the June rate was revised down from 549,000 so, relative to where we thought we were yesterday, it is a decline of 0.5%. Relative to the 587,000 pace of a year...
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Celanese to Ramp Up Production - Analyst Blog
Friday, August 13, 2010 - 4:22pm | 932Celanese Corporation (CE), a leading global specialty materials company, is ramping up production at its Wilmington, N.C. plant operated under its Fortron Industries LLC affiliate to match the rising global demand for Fortron® polyphenylene sulfide (PPS). The plant is the largest in the world with...
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Earnings Scorecard: Celanese - Analyst Blog
Thursday, August 12, 2010 - 4:34pm | 869Specialty material company, Celanese Corporation (CE) earned $1.12 per share in the second quarter of 2010, ahead of the Zacks Consensus Estimate of $1.02. Analysts have maintained a positive opinion on the stock. Celanese raised its earnings guidance by 15 cents for the full year 2010. Strong...
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Oppenheimer Reiterates Perform Rating on Dupont (DD)
Thursday, August 12, 2010 - 11:45am | 170Oppenheimer is out with a research report this morning, where it reiterates its Perform rating on E.I. Dupont de Nemours (NYSE: DD); it did not provide a price target for the stock. The Oppenheimer analysts cited a recent meeting with company management following DD’s Q2 earnings report, which was...
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S&P Upgrades Dow Chemical - Analyst Blog
Thursday, August 12, 2010 - 8:41am | 581Credit rating agency, Standard & Poor has revised its outlook for The Dow Chemical Company (DOW) to Positive from Stable, as stated by the Associated Press (AP). The ratings agency attributed Dow’s Outlook upgrade to the solid second quarter results. According to AP, the agency has also...
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Earnings Scorecard: Eastman Chemical - Analyst Blog
Wednesday, August 11, 2010 - 7:05am | 950Shares of Eastman Chemical Company (EMN) have been shooting up since the company reported solid second quarter 2010 results on July 30, 2010. The company outperformed the Zacks Consensus Estimate by 39 cents and its own guidance by 45 cents. Analysts and investors have maintained a positive...