Stock Market News & Stocks to Watch from StraightStocks » food processing industry

American Lorain Corp. (ALRC.OB) to Begin Trading on NYSE Amex Next Week

QualityStocks — Fri, 04 Sep 2009 13:33:38 +0000

American Lorain Corp., an international processed foods company based in Shandong Province, People’s Republic of China, announced that it has received authorization to list its common stock on the NYSE Amex Exchange and will begin trading on Tuesday, September 8, 2009 under the ticker symbol “ALN.” “Moving from the OTC BB to NYSE Amex is [...]

DrStockPick.com July 27, 2009, HRAL, CSRH, STDF, CVAT, CRWE, AQNM, EXOU

Dr. Stock Pick — Mon, 27 Jul 2009 20:45:58 +0000

DrStockPick.com Dr Stock pick Hot Stock NEWS & Alert! EXOU, HRAL, CSRH, STDF, CVAT, CRWE, AQNM Today’s Stocks of Interest Are : EXOU Exousia Advanced Materials, Inc (OTC BB: EXOU.OB) Exousia to be Cash Flow Positive in China in July HRAL, HearAtLast Holdings, Inc. in North America’s Billion Dollar Hearing Market CSRH Consorteum Holdings Inc. (OTCBB: CSRH) My Golf Rewards Canada [...]

DrStockPick.com July 24, 2009, EXOU, HRAL, CSRH, STDF, CVAT, CRWE, AQNM

Dr. Stock Pick — Fri, 24 Jul 2009 22:53:40 +0000

Dr Stock pick Hot Stock NEWS & Alert! EXOU, HRAL, CSRH, STDF, CVAT, CRWE, AQNM Today’s Stocks of Interest Are : EXOU Exousia Advanced Materials, Inc (OTC BB: EXOU.OB) Exousia to be Cash Flow Positive in China in July HRAL, HearAtLast Holdings, Inc. in North America’s Billion Dollar Hearing Market CSRH Consorteum Holdings Inc. (OTCBB: CSRH) My Golf Rewards Canada [...]

Middleby Corporation – Value – Zacks Rank Buy

Tracey Ryniec — Thu, 16 Jul 2009 05:00:00 +0000

Middleby Corporation (MIDD), which makes equipment for commercial food processing, has surprised on estimates 3 out of the last 4 quarters by an average of 20.96%. The company has a PEG ratio of just 0.63.

Company Description

Middleby Corporation manufactures equipment used for commercial food cooking, preparation and processing such as batch ovens, fryers, and food warmers. It also makes the Wow! Conveyor Oven.

The company's brands for the commercial foodservice industry include Anets, Blodgett, Bloomfield, CookTek and others. The company also provides a number of brands to the food processing industry including Alkar, MP Equipment and RapidPak.

Middleby Saw Record First Quarter Sales

On May 14, Middleby reported first quarter results that easily surprised on Wall Street estimates by 51.67%. Adjusted earnings per share were 91 cents compared with analysts' estimates of 60 cents.

Sales rose 12.8% to $181.5 million from $160.9 million due to several acquisitions. Excluding acquisitions, sales fell 4.2%. On Jan 5, the company closed on its acquisition of TurboChef Technologies Inc. for $116.1 million in cash and shares of Middleby stock.

At the end of the quarter, Middleby also closed on two other acquisitions, CookTek LLC and Anetsberger Brothers, Inc. Neither one of those impacted first quarter earnings or are reflected in the quarterly numbers.

The Commercial Foodservice segment was the winner in the quarter, as sales rose 0.3% due to a large order with a major restaurant chain in support of a new menu item. The Food Processing segment declined 35.6%.

The global recession has impacted customer purchases in both business segments. The company is working on lessening the economic impact of the recession by introducing new products. It successfully launched the Blodgett Hydrovection oven during the first quarter.

Full Year Estimates Rise

Analysts are bullish on the full year but a bit more tentative on the second quarter. Second quarter estimates were down 2 cents to 81 cents in the last 60 days.

2009 consensus estimates, however, spiked 7.4% to $3.47 per share in the last 2 months.

The company is expected to report second quarter earnings on Aug 6.

Value Fundamentals

Middleby is a Zacks #1 Rank (strong buy) stock. It has a forward P/E of 11.5 and a price-to-book ratio of 2.60. The company has a stellar 5-year average return on equity (ROE) of 57.79%.

Zacks Investment Research

Aquentium, Inc. (AQNM.OB) Introduces Non-Chemical Sanitation System

QualityStocks — Fri, 29 May 2009 13:20:14 +0000

Aquentium, Inc. recently announced the company’s new mobile non-chemical sanitation system, The Aquentium MOS-1, designed to eliminate or reduce bacteria and viruses in hospitals, restaurants, hotels, schools and food and beverage processing plants. “Our MOS-1 system utilizes ozone which replaces the need for chemicals and is the natural way to sanitize surfaces and food products. Ozone [...]

Do They Have Parachutes In Bulgaria?

Edward Hugh — Mon, 23 Mar 2009 18:09:00 +0000

by Edward Hugh: Barcelonabr /br /With capital inflows to the CEE economies slowing to a trickle in Eastern Europe, a sharp correction is now underway in most countries' external imbalances and in particular in their current-account deficits. For the CEE-6 (Poland, Czech Republic, Hungary, Romania, Bulgaria, Turkey), net private capital flows are forecast to slow to $59.5 billion in 2009, down from an estimated $161.9 billion in 2008, according to estimates from the Institute For International Finance. The basic concern is that those countries with significant external deficits are extremely vulnerable to foreign capital reversals, especially in the current environment of global credit tightening.br /br /br /FDI flows (which are generally considered more stable and less susceptible to rapid outflows than other capital flows) have been the main form of financing for current-account deficits in recent years, but such inflows are set to slow sharply in 2009. The Economist estimates that between 2003 and 20007 FDI inflows (on average) covered almost 100% of the current-account deficit in the ten EU member states. In 2008, this coverage fell to an estimated 55%br /br /As FDI has fallen back, debt - particularly intra-bank lending - has become the main financing vehicle for the current-account deficits. Nevertheless, intra-bank lending – that is, lending between foreign parent banks and their subsidiaries in the region – is falling back sharply in 2009, with nett bank lending to emerging Europe, excluding Russia, being projected at around $22 bn in 2009, down from $95 bn in 2008 (according to the Institute for International Finance)br /br /Now the central issue is that such corrections in external imbalances can take pplace in one of two ways - either domestic demand drops sharply and/or the currencies weaken significantly. In the case of those countries with an exchange rate peg the second route is not open, hence what we are likely to see is a very sharp contraction. Such contractions are already evident in the Baltics, but what about Bulgaria. How sharp will the correction in Bulgaria be? Only today capital economics have come in with a forecast of 5% contraction over the year. But how realistic is this, let's look at some data.br /br /br /Well, we could start with this little deatil: retail sales down 25.7% month-on-month in January, according to the national statistics office. For an economy which has been driven by a consumer borrowing and lending boom, that looks like dramatic evidence of some kind. It looks like dramatic evidence, but it isn't really quite so dramatic as it appears at first sight, and the first warning I would issue to anyone who wants to study the Bulgarian economy is never to believe anything you see at first sight.br /br /The data came from a Bulgarian press source (see extract below), but they evidently had no idea what they were talking about, since they confused the basics of year on year and month on month, and obviously non seasonally adjusted sales are down massively January over December, every year. Actually according to Eurostat, seasonally corrected sales were down only 0.15% month on month, and were even still up 4.79% year on year, although this is still a very large drop from the 20% rate of increase registered earlier in the year. So the basic point would seem to hold, that Bulgaria's economy is now in freefall, but I have learnt something: never, ever, cite material from direct Bulgarian sources without checking.br /br /blockquoteRetail sales revenue in Bulgaria declined by 25.7% in January from the same month of last year, the National Statistical Institute (wwwo.nsi.bg) said in a statement. The slump was attributed to a sharp decrease in retail sales of larger consumer goods, although a decline is normal for the beginning of each year. A major 31.5% drop was reported in sales of vehicles and technical maintenance. Revenue generated by non-food sales went up by 3.0% year-on-year, the data showed. Revenue from food, beverages and cigarettes sales showed a minor increase of 0.5%/blockquotebr /br /br /a href="http://3.bp.blogspot.com/_ngczZkrw340/ScTjk_QxfEI/AAAAAAAANK8/jf3e6HC7T7c/s1600-h/bulgaria+retail+sales+one.png"img id="BLOGGER_PHOTO_ID_5315623684800609346" style="DISPLAY: block; MARGIN: 0px auto 10px; WIDTH: 400px; CURSOR: hand; HEIGHT: 203px; TEXT-ALIGN: center" alt="" src="http://3.bp.blogspot.com/_ngczZkrw340/ScTjk_QxfEI/AAAAAAAANK8/jf3e6HC7T7c/s400/bulgaria+retail+sales+one.png" border="0" //abr /br /a href="http://3.bp.blogspot.com/_ngczZkrw340/ScTjgTgDXKI/AAAAAAAANK0/97roK0o3zZw/s1600-h/bulgaria+retail+sales+2.png"img id="BLOGGER_PHOTO_ID_5315623604334058658" style="DISPLAY: block; MARGIN: 0px auto 10px; WIDTH: 400px; CURSOR: hand; HEIGHT: 206px; TEXT-ALIGN: center" alt="" src="http://3.bp.blogspot.com/_ngczZkrw340/ScTjgTgDXKI/AAAAAAAANK0/97roK0o3zZw/s400/bulgaria+retail+sales+2.png" border="0" //a!--more--br /br /So there is evidence of a sharp slowdown in retail sales, but at present that is all it is, a slowdown. So what about the rest of the economy? Well, if we come to look at industrial output, the situation is a lot clearer, since production is falling rapidly.br /br /blockquoteBulgaria's industrial output fell by 19% in January 2009 month-on-month, after rising by a monthly 1.7% in December, preliminary data of the National Statistics Institute (NSI) showed on Tuesday. This is the fourth drop in a row, causing the index to go below the 2006 levels. The industrial output index is mainly determined by the indicators of the processing industry, which dropped by 21,4% in January, compared to December 2008. There is a 66,5% decrease in the production of metal goods, excluding machines and appliances. In the production of non-metal goods the drop is by 42,1%, and in the food processing industry by 24,8%./blockquotebr /br /a href="http://4.bp.blogspot.com/_ngczZkrw340/ScS0-6GKSPI/AAAAAAAANKc/lmDbYy2ux04/s1600-h/bulgraia+IP.png"img id="BLOGGER_PHOTO_ID_5315572453044013298" style="DISPLAY: block; MARGIN: 0px auto 10px; WIDTH: 400px; CURSOR: hand; HEIGHT: 203px; TEXT-ALIGN: center" alt="" src="http://4.bp.blogspot.com/_ngczZkrw340/ScS0-6GKSPI/AAAAAAAANKc/lmDbYy2ux04/s400/bulgraia+IP.png" border="0" //abr /br /As can be seen in the chart below, the output index is now somewhere round the level of summer 2006, and falling.br /br /a href="http://1.bp.blogspot.com/_ngczZkrw340/ScS06YmpvCI/AAAAAAAANKU/oLb8ysjjHxY/s1600-h/bulgaria+IP+2.png"img id="BLOGGER_PHOTO_ID_5315572375334009890" style="DISPLAY: block; MARGIN: 0px auto 10px; WIDTH: 400px; CURSOR: hand; HEIGHT: 203px; TEXT-ALIGN: center" alt="" src="http://1.bp.blogspot.com/_ngczZkrw340/ScS06YmpvCI/AAAAAAAANKU/oLb8ysjjHxY/s400/bulgaria+IP+2.png" border="0" //abr /br /br /Construction is also falling, and has been slowing all through 2008.br /br /a href="http://3.bp.blogspot.com/_ngczZkrw340/ScT4eo7KXlI/AAAAAAAANLM/8C059TZYeqk/s1600-h/bulgaria+construction+one.png"img id="BLOGGER_PHOTO_ID_5315646665469353554" style="DISPLAY: block; MARGIN: 0px auto 10px; WIDTH: 400px; CURSOR: hand; HEIGHT: 205px; TEXT-ALIGN: center" alt="" src="http://3.bp.blogspot.com/_ngczZkrw340/ScT4eo7KXlI/AAAAAAAANLM/8C059TZYeqk/s400/bulgaria+construction+one.png" border="0" //abr /br /br /a href="http://2.bp.blogspot.com/_ngczZkrw340/ScT4Zth1QxI/AAAAAAAANLE/fMzyF8uAWFg/s1600-h/bulgaria+construction+two.png"img id="BLOGGER_PHOTO_ID_5315646580805944082" style="DISPLAY: block; MARGIN: 0px auto 10px; WIDTH: 400px; CURSOR: hand; HEIGHT: 205px; TEXT-ALIGN: center" alt="" src="http://2.bp.blogspot.com/_ngczZkrw340/ScT4Zth1QxI/AAAAAAAANLE/fMzyF8uAWFg/s400/bulgaria+construction+two.png" border="0" //abr /br /br /strongUnemployment Rising and GDP Slipping Back/strongbr /br /Bulgaria's unemployment rate has not spiked dramatically upward yet, but it is continuing to rise, and was up for the fifth consecutive month in a row in February, with 248,000 Bulgarians registering as unemployed, up by 7,000 over January. The average jobless rate for Bulgaria is now 6.69%, up by 0.9% since September.br /br /And while Bulgaria's gross domestic product still strongseems/strong to be growing, it was at the very best a close shave in Q4 2008 grew, since the economy grew by a preliminary 3,5% year on year, down from the 6.8% rate registered in the previous quarter. This is sharp enough to mean that the economy may actally have contracted on a seasonally adjusted quarter on quarter basis, but since the statistics office don't publish this level fo data we simply don't know (that is, an educated guess would be that it did contract, but I certainly couldn't swear to the fact).br /br /a href="http://3.bp.blogspot.com/_ngczZkrw340/ScT8tpiudNI/AAAAAAAANLU/pXXUmiSvfd8/s1600-h/bulgaria+GDP.png"img id="BLOGGER_PHOTO_ID_5315651321379845330" style="DISPLAY: block; MARGIN: 0px auto 10px; WIDTH: 400px; CURSOR: hand; HEIGHT: 203px; TEXT-ALIGN: center" alt="" src="http://3.bp.blogspot.com/_ngczZkrw340/ScT8tpiudNI/AAAAAAAANLU/pXXUmiSvfd8/s400/bulgaria+GDP.png" border="0" //abr /br /strongSharp Current Account Contraction/strongbr /br /According to the Bulgarian National Bank last week Bulgaria's current account deficit was EUR 439.7 M in January 2009, down from EUR 806.8 M in January 2008.br /br /blockquotePM Sergey Stanishev said "the country's deficit has begun rapidly shrinking which means that the economy has unsurprisingly slowed down," Bulgarian National Radio reported./blockquotebr /br /The current and capital account deficit was EUR 288.7 M in January compared to EUR 806.2 M recorded in the previous year.And January's trade deficit was EUR 339.3 M, narrowing from EUR 607.8 million in 2008. All this is consistent with a very sharp and rapid contraction of the economy, as imports collapse and fund flows dry up, rather than any positive news on exports. Exports fell by 27.2% to EUR 811.8 billion in January, while imports dropped by 33.2% to EUR 1.1 billion.br /br /a href="http://4.bp.blogspot.com/_ngczZkrw340/ScTc5aXs3fI/AAAAAAAANKs/zyOHj9_YTlY/s1600-h/bulgaria+ca+deficit.png"img id="BLOGGER_PHOTO_ID_5315616339093413362" style="DISPLAY: block; MARGIN: 0px auto 10px; WIDTH: 400px; CURSOR: hand; HEIGHT: 226px; TEXT-ALIGN: center" alt="" src="http://4.bp.blogspot.com/_ngczZkrw340/ScTc5aXs3fI/AAAAAAAANKs/zyOHj9_YTlY/s400/bulgaria+ca+deficit.png" border="0" //abr /br /strongInflation Still A Problem/strongbr /br /Bulgarian inflation slowed again in February for the eighth consecutive month and hit 6 percent - down from the 7.1 percent registered in January, but prices are still rising far too fast for an economy which is slowing rapidly. Consumer prices gained 0.1 percent in the month.br /br /a href="http://3.bp.blogspot.com/_ngczZkrw340/ScUQLCNzQ3I/AAAAAAAANLk/P8O8yLRa1VQ/s1600-h/bulgaria+CPI+1.png"img id="BLOGGER_PHOTO_ID_5315672716940100466" style="DISPLAY: block; MARGIN: 0px auto 10px; WIDTH: 400px; CURSOR: hand; HEIGHT: 233px; TEXT-ALIGN: center" alt="" src="http://3.bp.blogspot.com/_ngczZkrw340/ScUQLCNzQ3I/AAAAAAAANLk/P8O8yLRa1VQ/s400/bulgaria+CPI+1.png" border="0" //abr /br /And the core index - taking out food, energy, alchohol and tobacco - has almost stopped rising but has yet to fall. So we have had a significant period of price deflation, but we have yet to see price reductions, and these of course, as in the case of the Baltics, are vital for a country operating a currency peg which has seen a substantial loss in competitiveness.br /br /a href="http://3.bp.blogspot.com/_ngczZkrw340/ScUQDejeIDI/AAAAAAAANLc/Owjiofxwq7o/s1600-h/bulgaria+CPI+2.png"img id="BLOGGER_PHOTO_ID_5315672587108229170" style="DISPLAY: block; MARGIN: 0px auto 10px; WIDTH: 400px; CURSOR: hand; HEIGHT: 231px; TEXT-ALIGN: center" alt="" src="http://3.bp.blogspot.com/_ngczZkrw340/ScUQDejeIDI/AAAAAAAANLc/Owjiofxwq7o/s400/bulgaria+CPI+2.png" border="0" //abr /br /a href="http://3.bp.blogspot.com/_ngczZkrw340/ScVj6Nu_jQI/AAAAAAAANLs/-b8RGy_nK2E/s1600-h/bulgaria+reer.png"img id="BLOGGER_PHOTO_ID_5315764786951064834" style="DISPLAY: block; MARGIN: 0px auto 10px; WIDTH: 400px; CURSOR: hand; HEIGHT: 232px; TEXT-ALIGN: center" alt="" src="http://3.bp.blogspot.com/_ngczZkrw340/ScVj6Nu_jQI/AAAAAAAANLs/-b8RGy_nK2E/s400/bulgaria+reer.png" border="0" //abr /br /strongMoody's Review/strongbr /br /The credit ratings agency Moody's this week affirmed Bulgaria's Baa3 local and foreign currency ratings, with a stable outlook, but said that Bulgaria's economy faced tough times this year.br /br /blockquote"Bulgaria is likely to experience a difficult recession in 2009 as the economy suffers from shrinking exports and slowing inflows of foreign capital," Moody's sovereign risk group analyst Kenneth Orchard said in a statement. "Nevertheless, many years of prudent fiscal policy and low debt mean that the government is well positioned to cope with the situation."/blockquotebr /br /Having averaged Budget surpluses of 2.7 per cent of gross domestic product (GDP) since 2004, the Cabinet has strengthened its financial position, but the main threat did not come from the Government debt, which was a very low 14 per cent of GDP. Moody's argued Bulgaria's most pressing problem comes from the large quantity of private sector debt that has been accumulated and needs refinancing in 2009. Short-term external debt totalled around 13 billion euro at the end of 2008, which is equivalent to 40 per cent of GDP. Much of this debt is likely to be rolled over, but automatic re-financing can no longer be assumed in the current financial environment. The low Government debt is seen as a safety net, because it allows Bulgaria (like Latvia) to borrow funds to support the private sector and the currency board without immediately threatening the government's creditworthiness. The debt-to-GDP ratio could rise and still remain well below the EU average, according to Moody's.br /br /And as if to prove Moody's point Bulgaria announced during the week that it was going to borrow a further 50 million euros from the European Bank for Reconstruction and Development in 2009 than it did in 2008, in order to cope with the impact of the global financial crisis. Half of the 250 million euros total 2009 borrowing will go to local banks to spur corporate borrowing, EBRD President Thomas Mirow said. The rest will go toward energy efficiency projects, municipalities and direct lending to “sound companies.”br /br /So, to return to the start of this post, and the correction in the external imbalance, I would say there is plenty of evidence building up now that this is taking place, and that the process is starting to hurt. In which case I think the 5% GDP contraction Capital Economics forecast not only looks realistic, there seems to be significant downside risk attached to it.div class="blogger-post-footer"img width='1' height='1' src='http://res1.blogblog.com/tracker/8991369883287712098-2346065236807192211?l=globaleconomydoesmatter.blogspot.com'//div

Georgia Stocks

Fred Fuld — Mon, 17 Nov 2008 02:24:00 +0000

As one of the states with the largest manufacturing industries in the country, it is no mystery as to why Georgia ranks as one of the top consumers of energy. Some interesting facts on what is the world 28th largest economy follow:

1. The travel industry contributes around $20 billion a year to the state economy.
2. Georgia’s bioscience industry generates 15,000 jobs.
3. Over 250 bioscience companies are headquartered in the state.
4. The Georgia paper industry is second only to Alabama, and it employs 26,000 workers.
5. The state has the largest commercial forest in the country, which produce over $19 billion in revenue and employ more than 150,000 people.
6. The food processing industry generates more than 70,000 jobs, and produces sales receipt of over $16 billion a year.
7. The largest manufacturing employer is the textile-carpet industry which employs over 100,000 workers and produces more than $2.5 billion in revenue annually.
8. There are over 700 textile companies headquartered in Georgia.
9. The mining industry of non fuel minerals produces $1.8 billion in income, and it employs over 9,000 workers.
10. Georgia’s clay production amounts to 24% of total U.S. production

The following companies are headquartered in Georgia:

The Coca-Cola Company (KO) makes, delivers and sells non alcoholic beverages around the globe. The stock has a market cap of $102.17 billion, a PE of 18, a PEG of 1.61, and it pays a yield of 3.4%.

United Parcel Service, Inc. (UPS) is a parcel delivery firm, and it operates worldwide. The stock has a market cap of $50.95 billion, a PE of 247, a PEG of 1.36, and it pays a yield of 3.5%.

Home Depot, Inc. (HD) is a retailer of home improvement products in North America. The stock has a market cap of $34.33 billion, a PE of 10, a PEG of 1.06, and it pays a yield of 4.5%.

Southern Company (SO) produces and markets electricity in the south. The stock has a market cap of $25.79 billion. A PE of 15, a PEG of 2.74, and it pays a dividend of 5.2%.

Aflac Incorporated (AFL) is a life and health insurance company in the United States and Japan. The stock has a market cap of $20.54 billion, a PE of 12, a PEG of 0.74, and it pays a yield of 2.3%.

SunTrust Banks, Inc (STI) is a financial institution providing services to individuals and businesses in the United States. The stock has a market cap of $14.81 billion, a PE of 12, a PEG of 2.49, and it pays a yield of 7%.

Invesco Ltd. (IVZ) is an investment management company providing management services in the United States. The stock has a market cap of $5.67 billion, a PE of 9, and it pays a yield of 1.4%.

Oca Cola Enterprises, Inc. (CCE) makes, distributes and sells nonalcoholic drinks. The stock has a market cap of $5.45 billion, a PEG of 1.27 and it pays a yield of 2.5%.

Genuine Parts Company (GPC) is a distributor of industrial and automobile parts in North America. The stock has a market cap of $5.48 billion, a PE of 11, a PEG of 1.30, and it pays a yield of 5.0%.

Intercontinental Exchange Inc. (ICE) is an online marketplace for the trading of securities and commodities. The stock has a market cap of $5.49 billion, a PE of 19, and a PEG of 0.67.

Don't forget to check out the stocks from the states of Wisconsin, Louisiana, Michigan, and Kentucky.

Author owns UPS.

By Stockerblog.com

Michigan Stocks

Fred Fuld — Wed, 15 Oct 2008 05:45:00 +0000

Michigan is best known for its auto industry and its beautiful shoreline, which is also the largest freshwater coastline in the world.
Although Michigan’s main industry today continues to be the manufacturing industry, the state government encourages different industries to locate in the state through its attractive incentive programs. Some interesting facts about Michigan follow:

1. Michigan’s manufacturing industry produces 30% of the total state revenue.
2. Recently enacted legislation mandates that by 2015, Michigan’s energy be produced from renewable sources.
3. Michigan has a tax-free zone designed for the food processing industry, the forestry industry and the renewable energy industry.
4. Michigan’s top agricultural products are dairy products, cattle and calves, hogs and chicken eggs.
5. Michigan is the top producer of automobiles in the United States. Its production accounts for 21% of all automobiles manufactured within the country.
6. In 2007 visitors to Michigan spent $18.1 billion.
7. Michigan is the top producer of tart cherries.
8. The state’s top agricultural export was soybeans, totaling $960 million.
9. There are more than 4,000 oil wells in production currently in Michigan.
10. The oil and gas industry generates over 10,000 jobs In the state.

The following companies are headquartered in Michigan:

The Dow Chemical Company (DOW) makes and markets chemicals, plastics, and agricultural products. The stock has a market cap of $23.85 billion, a PE of 10, a PEG of 1.53 and it pays a dividend of 5.9%.

Stryker Corporation (SYK) is a medical development company with operations worldwide. The stock has a market cap of $21.37 billion, a PE of 20, a PEG of 1.10, and it pays a yield of 0.6%.

Kellogg Company (K) makes and sales cereals and related products. The stock has a market cap of $18.45 billion, a PE of 17, a PEG of 1.93, and it pays a yield of 2.4%.

Ford Motor Company (F) develops and manufactures cars and trucks worldwide. Ford’s stock has a market value of $4.70 billion.

DTE Energy Company (DTE) is a utility company that produces, delivers and sells electric power and natural gas in the United States. The stock has a market cap of $5.22 billion, a PE of 8, a PEG of 2.02, and it pays a yield of 5.9%.

Masco Corporation (MAS) is a home improvement company with business in the U.S. and international markets. It makes, sells and installs different building products. The stock has a market cap of $4.86 billion, a PE of 35, a PEG of 1.80, and it pays a dividend of 5.9%.

Whirlpool Corporation (WHR) designs, makes and distributes home appliances worldwide. The stock has a market cap of $4.08 billion, a PE of 9, a PEG of 0.89, and it pays a yield of 2.6%.

General Motors Corporation (GM) develops and manufactures cars, trucks and automobile parts worldwide. The stock has a market cap of $2.69 billion, and it has a yield of 13.2% based on previous payments.

Perrigo Company (PRGO) is a pharmaceutical company. It produces both, over the counter medicines and prescription drugs. The stock has a market cap of $3.03 billion, a PE of 23, a PEG of 0.87, and it pays a yield of 0.6%.

Pulte Homes, Inc. (PHM) is a homebuilding company in the United States. It also provides financial services. The stock has a market cap of $2.7 billion, and it pays a dividend of 1.4% based on previous payments.

Don't forget to check out stocks from some of the states, such as Missouri stocks, Minnesota stocks, Kansas stocks, and Iowa stocks.

Author owns F.

By Stockerblog.com