For Immediate Release
Chicago, IL – December 10, 2012 – 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 Co. (GE), Delta Air Lines Inc. (DAL), United Technologies (UTX), Precision Castparts Corp. (PCP) and Honeywell Inc (HON).
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 Friday’s Analyst Blog:
Growing Demand for GE Engines
Evendale-based GE Aviation, an operating unit of General Electric Co. (GE), will benefit from an order by Delta Air Lines Inc. (DAL) for 40 Bombardier Aerospace CRJ900 regional airplanes powered by CF34 engines made by GE Aviation. The company also has an option of buying 30 additional aircraft.
The firm engine order is valued at $320 million, excluding the additional 30-aircraft option. Delivery of the engines will start in 2013. CF34 engine would help to revolutionize regional jet aviation.
These planes will be operated by Delta Connection, which operates regional jets across Wilmington and Atlanta. This order would allow the airline to replace a less efficient, single-class, 50-seat aircraft with new two-class, 76-seat aircraft.
GE Aviation has sold more than 2,100 CF34-8 engines to power Montreal-based Bombardier’s CRJ700 and CRJ900 aircraft and Brazilian Embraer’s 170/175 aircraft. Rotating parts for the CF34 engines are manufactured at GE Aviation’s facility at Castle Hayne and the final assembling is done in Durham.
Tubes, ducts and manifolds for GE’s engines are manufactured in a factory of 200 workers in Dayton. In the Dayton region, parent company General Electric has 1,400 employees and in the greater Dayton region, GE Aviation employs more than 1,200 people.
GE Aviation recently acquired two precision manufacturing companies, Morris Technologies and its subsidiary Rapid Quality Manufacturing based in Cincinnati, Ohio.
General Electric primarily competes with United Technologies (UTX), Precision Castparts Corp. (PCP) and Honeywell Inc (HON). General Electric currently carries a Zacks #3 Rank, which implies a short-term Hold rating on the stock.
Want more from Zacks Equity Research? Subscribe to the free Profit from the Pros newsletter: http://at.zacks.com/?id=5515.
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: http://at.zacks.com/?id=5517
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leon Zacks. As a PhD from MIT Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which 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 at http://at.zacks.com/?id=5518.
Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Follow us on Twitter: https://twitter.com/zacksresearch
Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.
Zacks Investment Research
800-767-3771 ext. 9339
More From Zacks.com