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Zacks Analyst Blog Highlights: Macy’s Inc., Nissan, Priceline.com, General Electric Co. and United Technologies Corp. – Press Releases

Zacks Market Commentaries (November 12th, 2009) Writes:

For Immediate Release

Chicago, IL – November 12, 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: Macy’s Inc. (M), Nissan (NSANY), Priceline.com (PCLN), General Electric Co. (GE) and United Technologies Corp. (UTX).

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 Wednesday’s Analyst Blog:

Macy’s Raises Earnings Guidance

Macy’s Inc. (M) recently reported third-quarter 2009 results. The company posted a loss of 3 cents a share that outshined the Zacks Consensus Estimate loss of 9 cents, and improved substantially from a loss of 8 cents delivered in the prior-year quarter.

Effective

...

Nissan Building World’s Cheapest Car – Analyst Blog

Zacks Market Commentaries (November 11th, 2009) Writes:
Nissan to Build World’s Cheapest Car Carlos Ghosn, the Chief Executive of the alliance Renault and Nissan (NSANY), has revealed that the company will roll out a small car with its Indian partner, Bajaj Auto, that will be cheaper than any other car in India -- and in the world. The car, which is scheduled for launch in India in 2012, would beat India’s largest automaker Tata Motors’ Nano both in terms of pricing and fuel-efficiency, and become the world's cheapest car. Presently, Tata Nano is the world's cheapest car. The car has a starting price of about Rs100,000 ($2,150). When Renault and Bajaj started discussing on their "ultra low-cost" car 2 years ago, it has been revealed that the car would have been priced between $2,500 and $3,000. However, at the World Economic Forum meeting in New Delhi, India, Mr.Ghosn announced that the ultra low-cost ...

Ford’s Volvo Gets Another Suitor – Analyst Blog

Zacks Market Commentaries (October 6th, 2009) Writes:
A U.S.-led group – the Crown consortium – has revealed its interest to acquire the ailing Volvo unit from Ford Motor Co. (F). The group included former Ford director Michael Dingman and former Ford and Chrysler executive Shamel Rushwin. In 1999, Ford had acquired the Volvo Car Corporation from Sweden-based Volvo Group for $6.45 billion. However, the company put up the unit for sale in December last year in an effort to cut costs and raise cash amidst plunging industry-wide auto sales. Ford had discussions with many automakers for the sale, including Renault SA and China’s third-largest automaker, Dongfeng Motor Group. So far, China's Geely Automotive has submitted the only concrete bid for the unit. Media reports have disclosed that Geely has valued the unit at around $2 billion. Rumors had spread that Crown consortium had offered significantly less than Geely, but both plans involved ...

Ford Saddled with Volvo – Analyst Blog

Zacks Market Commentaries (September 16th, 2009) Writes:
Ford Motor (F) is trying hard to offload its unprofitable Volvo car unit by the end of the year. Finance Chief Lewis Booth recently said that the company had no plans of retaining the unit. Ford only wants to concentrate and strengthen its own in-house brand.

In 1999, Ford acquired Volvo Car Corp. from Sweden-based Volvo Group for $6.45 billion. However, the company put up the unit for sale last December in an effort to cut costs and raise cash amidst plunging industry wide auto sales.

Ford negotiated the sale with many automakers, including Renault SA and China’s third-largest automaker, Dongfeng Motor Group. So far, China’s Geely Automotive was reportedly the only company to submit a concrete bid, valuing the unit at about $2 billion. However, Geely later denied such reports.

In the first half of 2008, Ford sold its UK-based Jaguar and Land Rover to Indian auto

...

This Time, It’s Global – Analyst Blog

Dirk Van Dijk (June 22nd, 2009) Writes:
This morning the World Bank reminded us that the recession is a world-wide affair, and that the U.S. is probably gaining share of the world's economy despite our economic problems. In other words, while it might be bad here, lots of places have it far worse.Overall, the world's economy is expected to contract by 2.9% -- a sharply lower forecast than the 1.7% drop it was looking for in March. The OECD high-income countries are expected to see a 4.2% decline. The primary cause of the world-wide slump is a 9.7% decline in world trade.For the U.S., the worst of the decline for the year was probably seen in the first quarter, down 5.7%. Assuming a 4.0% decline in the second quarter, a 2.0% drop in the third quarter and a flat 0.0% quarter in the fourth quarter (a somewhat more bearish outlook than the ...

Zacks Analyst Blog Highlights: Infosys, Wipro, ICICI, HDFC and Tata Motors. – Press Releases

Zacks Market Commentaries (June 16th, 2009) Writes:
For Immediate Release

Chicago, IL - June 16, 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: Infosys (INFY), Wipro (WIT), ICICI (IBN), HDFC (HDB) and Tata Motors (TTM).

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 Monday's Analyst Blog:

Indian Market Still Attractive

The Indian Stock Market has gone up sharply in the recent weeks based on high expectations from the re-elected United Progressive Alliance government, (this time with a record mandate), which promised to bring about high economic growth by opening up foreign investment and boosting infrastructure spending.

...

Indian Market Still Attractive – Analyst Blog

Zacks Market Commentaries (June 15th, 2009) Writes:
The Indian Stock Market has gone up sharply in the recent weeks based on high expectations from the re-elected United Progressive Alliance government, (this time with a record mandate), which promised to bring about high economic growth by opening up foreign investment and boosting infrastructure spending.The Bombay Sensex is now at around 15000, almost double from the bottom hit in November 2008. The rally has been broad-based, with shares of Indian ADRs of software companies like Infosys (INFY) and Wipro (WIT), banks like ICICI (IBN) and HDFC (HDB) and automobile companies like Tata Motors (TTM) up sharply.Foreign institutional investors (FIIs) have invested more than $5 billion (over Rs 25,000 crore) in Indian stock markets so far this calendar year, with as much as $3.2 billion coming since the UPA government came to power last month, which is one of the ...

TTM Gets Nano Boost – Zacks Tale of the Tape

Zacks Market Commentaries (March 23rd, 2009) Writes:
Tata Motors (TTM) has commercially launched “the world's cheapest car”, Nano, today. At a price tag of below $2,000, the widely anticipated car is expected to generate huge demand, outstripping supply by a substantial margin.

The stock has already gained more than 14% accompanied by higher-than-average volume.

The 3.1 meters long Nano, a 4-door, 5-seat car with a 2-cylinder 624cc engine, has been priced at 100,000 Indian rupees (about $2,000).

To satisfy the response, more than 30,000 locations across 1,000 cities in India will accept bookings for the car while deliveries will commence from July this year.

"From the drawing board to its commercial launch, the car has overcome several challenges," said Chairman Ratan Tata. "I hope it will provide safe, affordable four-wheel transportation to families who till now have not been able to own a car."

The owner of Jaguar and Land Rover brands presently has a

...

Volvo – Made In…China? – Analyst Blog

Zacks Market Commentaries (February 6th, 2009) Writes:
Highlighted tickers include Ford Motor Company (F) and Tata Motors (TTM).Ford Motor Company (F) is very close to selling Volvo in an effort to generate enough cash to stay away from the bailout trough in Washington. The potential buyer would be Geely Automobile Holdings, which is a Chinese company. Ford would take a loss and get less than the $6.4 billion that it paid for it in 1999.Geely, a maker of $6,000 compacts in Asia, is seeking to grow in the US and Europe. They wanted to buy the company a year ago, and were rebuffed by Ford. As Ford became more desperate last December, talks were rekindled. Geely has received all Chinese government approvals already. The Export-Import bank of China will finance the acquisition.Sales for Volvo have been down over 60%, and Volvo lost $736 million pre-tax in last ...

Time to Hit the Car Lots – Analyst Blog

Zacks Market Commentaries (January 8th, 2009) Writes:

We think it is an excellent time to hit the car lots. Sales are slow, inventories are high, raw materials (steel, chemicals, plastic, rubber) are depressed, and interest rates are near zero. Demand is off due to the credit crunch. Dealers and manufacturers are hurting and are hungry for business.

The following list is our list of favorites from the San Diego Car Show. This is our list of All Pros (some are Hall of Famers) from the half a thousand vehicles from around the planet on display there.

Despite the bad publicity recently, Chevrolet and Chrysler have some of the best products in the market. The non-Chevy part of General Motors (GM) must be restructured. Also, Honda (HMC) has emerged to be a Big-4 player in the US. They work and act more domestic than even Chrysler.

We were disappointed with Ford (F), Toyota (TM) and Nissan (

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