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Zacks Analyst Blog Highlights: General Electric, JPMorgan Chase & Co., United Technologies Corp., Tyco International and Precision Castparts Corp. – Press Releases

Zacks Market Commentaries (August 28th, 2009) Writes:

For Immediate Release

Chicago, IL – August 28, 2009 – 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: General Electric (GE), JPMorgan Chase & Co. (JPM), United Technologies Corp. (UTX), Tyco International (TYC) and Precision Castparts Corp. (PCP).

Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=5513

Here are highlights from Thursday’s Analyst Blog:

GE to Sell Security Business

General Electric (GE) is arranging to sell its security business, which makes alarms, surveillance systems and other safety products, and hopes to attract bids in the range of $2 billion for the unit. This move represents GE’s strategy

...

GE to Sell Security Business – Analyst Blog

Zacks Market Commentaries (August 27th, 2009) Writes:
General Electric (GE) is arranging to sell its security business, which makes alarms, surveillance systems and other safety products, and hopes to attract bids in the range of $2 billion for the unit. This move represents GE’s strategy of exiting from non-core businesses. GE has hired JPMorgan Chase & Co. (JPM) to sell the portion of its business that makes security products. The business has drawn interest from GE’s rivals United Technologies Corp. (UTX) and Tyco International (TYC). Security assets have traditionally attracted private equity buyers, but due to the difficult economic environment and an expressed interest by GE in selling these assets to a strategic buyer, bid amounts could be depressed for such a product portfolio. It remains in question whether acquirers will be interested in GE Security’s full portfolio of products, or only bits and pieces of the business. General ...

PennyOmega.com Stock Report! 8/27/09, EFIR, PLUG, SPIR, SKT, CMCSA, SCOR

Penny Omega (August 27th, 2009) Writes:

PennyOmega.com Stock Report!

PennyOmega.com Hot Stock News & Alerts!

signup3m

 

Thursday August 27, 2009

PennyOmega.com Stock Report!

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EGPI Firecreek, Inc. (OTCBB:EFIR) announced today that it has signed a binding letter of intent to acquire privately owned South Atlantic Traffic Corporation (”SATCO”), a Florida corporation. SATCO has been in business since 2001 and has several offices throughout the Southeast United States. They carry a variety of products and inventory geared primarily towards the transportation industry, which reportedly generate nearly $15 million in annual revenues. SATCO’s products range from traffic signal equipment, traffic and light poles, data/video systems and ITS surveillance systems. This acquisition will vertically integrate with the Company’s recently acquired M3 Unit and will help accelerate future anticipated

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Lockheed Martin – Zacks Elite Stock of the Day

Alex Kolb (September 2nd, 2008) Writes:
Lockheed Martin (LMT) is the largest defense contractor in the world. The company’s customer base encompasses the U.S. government, foreign governments, and other commercial buyers. Lockheed currently operates through four segments: Aeronautics, Electronic Systems, Information Systems & Global Services and Space Systems.

Areas of Business

Aeronautics is engaged in the design, research and development, systems integration, production and support of advanced military aircraft and related technologies

Electronic Systems, formerly Systems Integration, includes naval electronics and surveillance systems, missiles and fire control systems, and command control communications and intelligence systems.

Information Systems & Global Services, formerly Technology Services, provides management, engineering and logistical services, and provides solutions for the command, control, communications, computers, intelligence, reconnaissance, and surveillance (C4ISR) activities of the U.S. Department of Defense (DoD), intelligence agencies, other federal agencies and allied countries.

Space Systems is engaged in the design, development, engineering, and production of commercial and military space systems.

Nearly 80% of Lockheed Martin's business is with the DoD

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Newsletter

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