The Zacks Analyst Blog Highlights: CME Group, Whitestone REIT, Bank of America, U.S. Bancorp and Wells Fargo

Zacks


For Immediate Release

Chicago, IL – June 13, 2013 – 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 CME Group Inc. (CME-Free Report), Whitestone REIT (WSR-Free Report), Bank of America Corp. (BAC-Free Report), U.S. Bancorp (USB-Free Report) and Wells Fargo & Company (WFC-Free Report).

Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.

Here are highlights from Wednesday’s Analyst Blog:

CME to Launch European Futures

Chicago-based exchange company CME Group Inc. (CME-Free Report) announced an agreement to introduce European futures market. To realize this maneuver, the company has commenced a program to test the platform’s trading systems with prospective clients.  

The launch of its London-based CME Europe venture is expected on Sep 9, 2013 subject to approval from U.K. regulators. The initial launch date was delayed by three months owing to the pending approval from the Financial Conduct Authority, the new U.K. exchange regulator

The launch is planned to commence with currency futures contracts. The initial launch will offer 30 contracts which will include futures in denominations including euro, sterling, U.S. dollar, yen, Swiss Franc, Canadian dollar and other currencies. The new contracts might be denominated in European or Asian currencies.

Subsequently, contracts related to equities, interest rates and commodity prices might also be introduced. New contracts would be launched part by part as management is of the opinion that the market at present would not be able to handle a host of new products simultaneously.

This venture marks the company’s first overseas exchange that aims to cater to prospective European and Asian clients. For clients who prefer to trade futures under the U.K. bankruptcy regime over the U.S. market are expected to be facilitated through the launch.

BofA Reaches Out to Whitestone REIT

Texas-based Whitestone REIT (WSR-Free Report) has proved its creditworthiness with Bank of America Corp. (BAC-Free Report) extending its reach and joining the group of top tier banks that provide the former with unsecured revolving credit facility worth $175 million.


Specifically, Bank of America united with Bank of Montreal, U.S. Bancorp (USB-Free Report) and Wells Fargo & Company (WFC-Free Report) in the syndicated facility. However, the stipulations of the recently enhanced $175 million facility with a $50 million accordion element remain unchanged.

Through improvement in creditworthiness, the company can capitalize on its relationship with these top tier banks and efficiently finance its strategic moves so as to ride high on the growth trajectory.

The expanded credit facility would help Whitestone REIT enhance its financial flexibility. The company has plans for diversifying the funds into a number of strategic moves including buy-outs, renovation of value-add properties in its portfolio, besides meeting its other corporate needs.

Whitestone REIT is focused on community centered property business model through owning, managing, leasing, and operating over 4.4 million square feet of space, largely occupied by small, service-based tenants. The company aims at broadening its footprint by tactically acquiring commercial properties in high-growth markets.

Founded in 1998, Whitestone REIT is a fully-integrated real estate investment trust (:REIT) that owns, operates and re-develops community centered properties, which are visibly located properties in established or developing culturally diverse neighborhoods. Its portfolio of commercial properties is located in Texas, Ariz., and Ill.

Whitestone REIT currently has a Zacks Rank #4 (Sell).

Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.

About Zacks Equity Research

Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.

Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.

Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today.

About Zacks

Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978. The later formation of the Zacks Rank, a proprietary stock picking system; continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros.  In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros.

Get the full Report on CME - FREE

Get the full Report on WSR - FREE

Get the full Report on BAC - FREE

Get the full Report on USB - FREE

Get the full Report on WFC - FREE

Follow us on Twitter: http://twitter.com/zacksresearch

Join us on Facebook: http://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts

Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.

Media Contact
Zacks Investment Research

800-767-3771 ext. 9339

support@zacks.com

http://www.zacks.com

Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
 

Read the analyst report on CME

Read the analyst report on WSR

Read the analyst report on BAC

Read the analyst report on USB

Read the analyst report on WFC

Zacks Investment Research



More From Zacks.com

Rates

View Comments (0)