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The bank has much less exposure to the eurozone than some of its major peers.
No doubt the global economic slowdown, aggravated by the escalating debt situation in Europe, has considerably impaired the financial institution's outlook for this year and next. But the current share prices hardly do justice to the value of the bank, which holds the distinction of being the largest custodian bank in the world.
BNY Mellon has much less exposure to the eurozone compared to other major banks -- particularly investment banks such as Morgan Stanley (MS).
A drop in business at the Italian-style dining chain is expected to slow profit and sales growth in fiscal 2012.
Updated: 5:41 p.m. ET
Shares of Darden Restaurants (DRI) plunged 12.4% Tuesday after the company cut its earnings outlook, having failed to ignite consumer interest in its struggling Olive Garden chain.
Darden, the world's largest full-service restaurant company, expects earnings per share growth from continuing operations of 4% to 7% for fiscal 2012, down from an earlier forecast of 12% to 15%. Sales are now expected to rise 6% to 7%, below a previous estimate of 6.5% to 7.5%. The Orlando, Fla. company blamed its problems on the dismal performance at the 750 Olive Garden locations.
The equipment maker is bullish about prospects in China in particular, where it's expanding production capacity.
Management says it will continue to expand production levels next year, when it expects sales and revenue to grow by 20%. Caterpillar is very bullish about the growth prospects in China in particular, where it's expanding production capacity. It mainly competes with Deere and Co. (DE), Komatsu, Terex (TEX) and Cummins (CMI).
Two analysts upgraded LinkedIn. Exxon Mobil was upgraded to 'buy' while Altria was initiated with a 'buy.'
Tuesday's noteworthy upgrades include:
- General Electric (GE) upgraded to Outperform from Market Perform at Bernstein
- Texas Instruments (TXN) upgraded to Outperform from Market Perform at JMP Securities
- LinkedIn (LNKD) was upgraded to Overweight from Neutral at JP Morgan and to Overweight from Equal Weight at Morgan Stanley
- Canadian Pacific (CP) upgraded to Equal Weight from Underweight at Barclays
- Exxon Mobil (XOM) upgraded to Buy from Hold at ISI Group
Unconventional energy finds also come with unconventional risks, but investing in the majors can minimize the risk.
The Jed Clampett days of finding oil -- accidentally in the case of the old Beverly Hillbillies clan leader -- are a distant past. No longer can an oil company find elephant fields in someone's backyard and easily pull the crude out.
To meet rising global energy demand and dwindling conventional supplies, energy companies have been scrambling to find new sources of production. With oil's sustained high prices, the industry has turned to a variety of unconventional sources to meet future demand. From offshore fields in Ghana and Mozambique to oil sands deposits in Canada, these finds have become more profitable. And while political, environmental and financial risks to developing these supplies abound, investors who bet on them -- carefully -- could be handsomely rewarded.
The stock of this global cigarette maker looks bullish from a fundamental and technical standpoint.
Philip Morris International (PM) sells cigarettes such as Marlboro and Virginia Slims in 180 countries, generating annual revenues of $75.3 billion.
The stock was floated back in early 2008 -- as a spin-off from Altria Group (MO) -- and traded near 50 at that time. Since hitting its bear market low around 33 in 2009, the stock has been driving higher strongly.
Oil and oil services stocks represent the best buys and could do well on the next euro-related dip.
You know you have a strong oil market when Transocean (RIG) makes you more than 10% in an equity offering in no time flat. Last week, this most disgraced and scorned oil service company priced 26 million shares at $40.50, an unthinkable sale, given how much stock RIG has bought back at much higher prices.
Monday, though, Transocean traded as high as $45.50, a remarkable move that shows the power of this rally in oil.
Ross's continuous effort to increase its store base, coupled with the ability to deliver positive same-store sales, will augur well for its top-line growth.
By: Zacks Equity Research
Ross Stores Inc. (ROST), the second largest off-price retailer of apparel and home accessories, reported last week a growth of 5% in comparable-store sales for the four-week period ended November 26, 2011. This was better than the company's forecast of a 2% to 3% increase for the month.
Sales in November increased 10% to $765 million from $696 million in the year-ago period. Regionally, Florida, California and Southwest were the top performing market with categories like Juniors and Shoes positively influencing results.
The oilfield services provider has seen strong North American growth, but international operations fell behind estimates.
The oilfield services provider expects international margins to recover to 15% in the current quarter. The company's performance fell short of our estimates, which were based on the assumption that operations would benefit from the acquisition of BJ Services last year.
Operations in North America, however, saw robust growth -- as was the case for larger operators Halliburton (HAL) and Schlumberger (SLB).
Strong acquisitions are key in this business, and SAP is showing more initiative with plans to buy SuccessFactors.
SAP AG (SAP) launched another attack in its ongoing battle with rival Oracle (ORCL) with an announcement that it is on the verge of acquiring software company SuccessFactors (SFSF) for $3.4 billion in cash.
SuccessFactors is a leading developer of cloud computing software used by firms to evaluate employee performance. The acquisition is expected to give SAP a much needed growth platform in the software-as-a service (SaaS) market, where it faces significant competition from Oracle. Analysts believe that the acquisition will boost SAP’s competitive position in human resource applications, while reaffirming its commitment to SaaS as a key business model.
We expect American Airlines to emerge from bankruptcy as a stronger company, but the stock is still way too risky to buy now.
After holding off from filing bankruptcy much longer than its peers, AMR Corp (AMR), the parent company of American Airlines, finally decided to file for Chapter 11 last Tuesday in a Manhattan court.
Alhough American's loss in the near term translates into its competitors' gains, we believe the company is using bankruptcy as a way to improve its cost structure and renegotiate contracts with labor unions. In bankruptcy, we expect American to continue operations while cutting capacity, improving its operating costs and upgrading its fleet. But that doesn't mean you should buy the stock now.
The outcome of the European Central Bank's Thursday meeting could shed some light on the ongoing debt crisis.
The delivery company is a key component of some manufacturing supply strategies.
The delivery firm had previously scaled back routes to Asia when it recorded a drop in consignments of consumer electronics, echoing a slump seen by competitor FedEx (FDX). But UPS Airlines President Mitch Nichols told Dow Jones the slowdown has now been reversed, bolstering the firm's supply chain outlook. If this division keeps expanding, we see a potential 17% upside to the stock's value.
Some stocks could benefit if other companies follow the lead of France's Atos and ban internal email.
Groan. There goes the morning.
That's exactly the buzzkill French tech company Atos wants to avoid, so it's banning office email. Instead, the company's 74,000 employees will be required to use instant-messaging tools or a Facebook-style chat interface, ABC News reports.
Changing orthopedic surgery, one robot at a time.
By David Meier
Last week, in "5 Stocks With Explosive Potential," I quoted venture capitalist Peter Thiel, who believes that "swinging for the fences is probably less risky than people think."
I think he's right, and that's why I am looking for TNT companies -- ones with:
- Tranformational technologies.
- Nascent performance.
- Talented management.
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4 analysts downgrade the stock the day after a disappointing quarterly report.
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[BRIEFING.COM] The stock market ended the Wednesday session on a mixed note. The tech-heavy Nasdaq displayed relative strength, climbing 0.4%, while the S&P 500 added 0.2% with five sectors settling in the green. For its part, the Dow Jones Industrial Average (-0.2%) spent the entire session below its flat line.
Equities started the midweek affair on a rather unassuming note in the absence of market-moving news or economic releases. With those pieces missing from the equation, ... More
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