Zacks Analyst Blog Highlights: Stanley Works, Black & Decker Corporation, Joy Global, Paccar and Illinois Tool Works.http://www.zacks.com/ 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: Stanley Works (NYSE NYSE See: New York Stock Exchange : SWK SWK Social Work SWK Sarawak (State in Malaysia) SWK Stadtwerke Krefeld AG (Germany) SWK Star Wars Kid SWK Sealed With Kisses ), Black & Decker Corporation (NYSE: BDK BDK Black & Decker (stock symbol) BDK Big Daddy Kane (rapper Juice Crew) BDK Bukkyo Dendo Kyokai (Society for the Promotion of Buddhism) BDK (Java) ), Joy Global (Nasdaq: JOYG), Paccar (Nasdaq: PCAR PCAR Pennsylvania Coalition Against Rape PCAR Post Contract Award Review ) and Illinois Tool Works Illinois Tool Works or ITW (NYSE: ITW) is a Fortune 500 company that produces engineered fasteners and components, equipment and consumable systems, and specialty products. It was founded in 1912 by Byron L. Smith, and three other men Frank W. England, Paul B. (NYSE: ITW ITW In The Wild (informatics, antivirus research) ITW Information Theory Workshop (IEEE) ITW Into Thy Word (religion) ITW Into the Woods ). Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=4579 Here are highlights from Tuesday's Analyst Blog: Stanley Works Acquires B&D Stanley Works (NYSE: SWK) and Black & Decker Corporation (NYSE: BDK) have entered into a definitive merger agreement to create Stanley Black & Decker, an $8.4 billion global tool maker. The Board of Directors of both companies approved an all-stock transaction valued at approximately $4.5 billion. Under the terms of the deal, Black & Decker shareholders will receive 1.275 Stanley shares for each Black & Decker share they own. The deal is expected to close in the first half of 2010. Upon the completion of the transaction, Stanley shareholders will own 50.5% of the combined company, while Black & Decker shareholders will own the remaining 49.5%. The Shape of GDP GDP (guanosine diphosphate): see guanine. While Government spending Government spending or government expenditure consists of government purchases, which can be financed by seigniorage, taxes, or government borrowing. It is considered to be one of the major components of gross domestic product. is higher now as a share of total GDP than its long-term average, it is below what it averaged in the 1950's and 1960's, and is not way out of line. I would, however, note that the measure of government spending does not include transfer payments like Social Security, Medicare, or unemployment insurance. Those are considered part of Consumption. On the other hand, Investment is the most volatile of the components of GDP, and even if it were to return to the previous record low of 12.77% of GDP, that would be a 15.7% increase, assuming everything else showed no growth at all. A return to the long-term average would be a 44.5% increase. With commercial rents plunging and vacancy rates soaring, the value of commercial real estate is in free-fall. It thus seems unlikely that we will get any short-term recovery on investments in non-residential structures. Thus if we are going to get a rebound in non-residential fixed investment, it will most likely have to come from the equipment and software side. That would be a very powerful tonic for the likes of companies like Joy Global (Nasdaq: JOYG), Paccar (Nasdaq: PCAR) and Illinois Tool Works (NYSE: ITW). However, will companies have a reason to invest in more equipment and software if the consumers are not buying? The key to that puzzle will most likely have to reside in the net exports area. At some point, we are going to have to get back to the point where were are running trade surpluses, where we export more than we import. Investments that reduce our oil import bill would also greatly help that effort. Want more 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"; the free Profit from the Pros newsletter: http://at.zacks.com/?id=5514. 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 this free newsletter today: http://at.zacks.com/?id=5516 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 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=4580. Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release. Follow us on Twitter A Web site and service that lets users send short text messages from their cellphones to a group of friends. Launched in 2006, Twitter (www.twitter.com) was designed for people to broadcast their current activities and thoughts. : 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 solicitation In criminal law, the act of asking, inducing, or directing someone to commit a crime. The person soliciting another becomes an accomplice to the crime. The term also refers to the act of obtaining bribes, as well as to the crime of a prostitute who offers sexual to buy or sell any security. |
|
||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion