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NYSE Euronext Seeks China Listing – Analyst Blog

Zacks Market Commentaries — Tue, 10 Nov 2009 17:13:13 +0000

NYSE Euronext Inc. (NYX) is keen on gaining a listing in China as the country is gearing up to allow such listings.

NYSE Euronext is awaiting final confirmation from China's securities regulator, which is working on setting up a board in Shanghai for listing of firms across the globe. However, the regulator has not yet issued specific guidelines.

Numerous foreign companies, including the global banking giant HSBC Holdings Plc (HBC) and PC maker Lenovo Group (LHL) have expressed interest in listing on China's new board.

NYSE Euronext reported third quarter results on Nov 2. The company swung to a GAAP net income of $125 million or 44 cents per share from a GAAP net loss of $182 million in the prior quarter and a net income of $174 million or 66 cents in the year-ago period. Results included a one-time charge related to merger expenses and exit costs, the impact of the disposition of Hugin Group B.V., the sale of investments in BM&F Bovespa and a fair value adjustment to investment in BIDS Holdings L.P.

Excluding these charges, pro forma earnings per share came in at 53 cents, beating the Zacks Consensus forecast by more than 18%, or 8 cents. The upside was attributable to growth in the company’s core businesses, significant progress from new initiatives which offset lower trading volumes.

Read the full analyst report on "NYX"
Read the full analyst report on "HBC"
Zacks Investment Research

How to Profit from Oil’s Contango

Contrarian Profits — Thu, 22 Jan 2009 20:25:20 +0000

tr HIDDEN VALUE /tr tr pIf Crude oil Breaks Through $53, It’s a Screaming Buy/p pDear Value Seeker,/p pAmerica’s job losses have come into sharp focus again today./p pemThe New York Times/em calls it a “rising tide.” It’s more like a tsunami#8230;/p pInitial jobless claims for the week ended January 17 shot up by 62,000 to 589,000. This is the highest weekly rise in unemployment since November 1982./p pMeanwhile, Microsoft ensured an abrupt reversal of yesterday’s stock market rally by warning that it was “not immune” to the recession./p pThe tech giant also announced it would give 5,000 workers their marching orders, including 1,400 today./p pMicrosoft joins a long and growing list of blue chips that have announced job cuts in 2009./p pIt’s a list emThe Wall Street Journal/em’s Real Time Economics#8230;/p/tr

Olympic Stocks

Fred Fuld — Tue, 12 Aug 2008 02:55:00 +0000

The 2008 Summer Olympics are here, and there are several publicly traded companies that are official Worldwide Olympic Sponsors. If you think that being connected to the Olympics can help these companies, it may be worth taking a closer look at these stocks.

Coca Cola (KO) is the famous beverage company. The stock has a PE of 22 , a PEG of 1.9 and pays a yield of 2.70% .

General Electric (GE) the conglomerate involved in technology, media, and financial services. The stock has a PE of 14 , a PEG of 1.22 and pays a yield of 4.20% .

Johnson & Johnson (JNJ) famous for its Bandaids, makes and markets various health care products. The stock has a PE of 17 , a PEG of 1.98 and pays a yield of 2.60% .

Kodak (EK) makes and sells photography and digital imaging products. The stock has a PE of 8 , a PEG of 9.59 and pays a yield of 3% .

Lenovo Group (LNVGY.PK) makes and sells technology products and services. The stock has a PE of 13 and pays a yield of 4.70% .

Manulife (MFC) is a life, group life and health insurance company. The stock has a PE of 14 , a PEG of 0.96 and pays a yield of 2.80% .

McDonalds (MCD) is the operator of McDonalds fast food restaurants. The stock has a PE of 17 , a PEG of 1.57 and pays a yield of 2.30% .

Visa (V) is the credit card processing company. The stock has a PE of 27 , a PEG of 1.42 and pays a yield of 0.60% .

If you want an Excel database of all the publicly traded Worldwide Olympic Sponsors, along with the Sponsors, Exclusive Suppliers, and Beijing 2008 Partners, a total of 18 stocks, go to WallStreetNewsNetwork.com.

Author owns KO, MCD, and V.

By Fred Fuld at Stockerblog.com