Zacks Analyst Blog Highlights: Mittal Steel, Con-way Inc., General Motors Corporation and Halliburton.CHICAGO -- 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: Mittal Steel (NYSE NYSE See: New York Stock Exchange :MT), Con-way Inc. (NYSE:CNW CNW Chicago and North Western (Railroad) CNW Canada News Wire (media service) CNW Community Nutrition Worker CNW Commercial Nuclear Waste ), General Motors Corporation (NYSE:GM) and Halliburton (NYSE:HAL Hal: see Halle, Belgium. hal In Sufism, a state of mind reached from time to time by mystics during their journey toward God. The ahwal (plural of hal) are God-given graces that appear when a soul is purified of its attachments to the material world. ). See the latest posts to the Analyst Blog by visiting: http://at.zacks.com/?id=2673 Here are highlights from Thursday's Analyst Blog: Notes on Arcelor/Mittal Merger The most recent significant event in the global steel industry is the corporate wedding of steel giants Arcelor and Mittal Steel (NYSE:MT). Arcelor, considered a symbol of success, pan-European cooperation and economic revival, has united with Mittal Steel, a fast-growing conglomerate. The Arcelor-Mittal Steel merger has come at a time when the steel market worldwide is strongest ever, unlike when poor business conditions forced financially weak entities to merge. Mittal Steel made the offer to acquire shares of Arcelor five months back and has finally emerged as the winner with repeated upward revisions in its offer price. In the combined entity shareholders of Mittal Steel and Arcelor will hold 9.5% and 50.5% stake. After a long wooing, Mittal Steel finally won the deal but the marriage is not likely to go smoothly as there are various integration risks. It is very early to decide the implications of the deal on the global steel industry with various complications coming on its way. Con-way Receives Notice from GM Today, Con-way Inc. (NYSE:CNW) announced that it had received notice from General Motors Corporation (NYSE:GM) of its intent to exercise its call right to purchase Vector SCM (1) (Software Configuration Management, Source Code Management) See configuration management. (2) See supply chain management. , LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control - the joint venture formed by Menlo Worldwide Menlo Worldwide is a global supply chain company based in San Mateo, California which operates in approximately 14 countries worldwide. Its core business offerings include 3rd-party logistics and 4th-party supply chain management. , LLC, Con-way's global contract logistics subsidiary, and GM in December 2000 - to deliver lead logistics provider services for GM's global supply chain. Vector will provide ongoing services and support to GM during the valuation discussion process, and during the subsequent transition. Contracts where Vector is providing services to non-GM entities will be transitioned to Menlo. The stock rose $1.01, or over 1.5%, to $58.04 in morning trading. We continue our Buy recommendation on Con-way Inc. Upgrade on Halliburton We view the recent weakness in Halliburton (NYSE:HAL) shares as an attractive opportunity to buy a quality oilfield name. We think that concerns about Halliburton's North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. natural gas exposure through its pressure pumping business should not distract us from the breadth and quality of its product/service offerings and substantial international presence. See the latest posts to the Analyst Blog by visiting http://at.zacks.com/?id=2645 About Zacks Equity Research Zacks Equity Research provides the best of quantitative and qualitative analysis Qualitative Analysis Securities analysis that uses subjective judgment based on nonquantifiable information, such as management expertise, industry cycles, strength of research and development, and labor relations. 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 Verb 1. subscribe to - receive or obtain regularly; "We take the Times every day" subscribe, take buy, purchase - obtain by purchase; acquire by means of a financial transaction; "The family purchased a new car"; "The conglomerate acquired a new company"; this free newsletter today by visiting http://at.zacks.com/?id=2674. About Zacks Zacks.com is a property of Zacks Investment Research Zacks Investment Research A firm that compiles earnings estimates and brokerage firm investment recommendations for thousands of publicly traded firms. , 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 Outperform An analyst recommendation meaning a stock is expected to do slightly better than the market return. Notes: Exact definitions vary by brokerage, but in general this rating is better than neutral and worse than buy or strong buy. 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. |
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