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The Zacks Analyst Blog Highlights: Hain Celestial Group, Bank of America, Goldman Sachs Group, Microsoft and Nokia

Zacks Equity Research

For Immediate Release

Chicago, IL – September 5, 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 the Hain Celestial Group, Inc. (HAIN- Free Report), Bank of America Corporation (BAC- Free Report), The Goldman Sachs Group, Inc. (GS- Free Report), Microsoft Corporation (MSFT- Free Report) and Nokia Corporation (NOK- Free Report).

Today, Zacks is promoting its ''Buy'' stock recommendations.
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Here are highlights from Wednesday’s Analyst Blog:

Stake Buying & Selling: The Market Gets Busy

The market is keenly following every move of big investors and the corporates -- be it offloading or boosting their stakes.

In the latest update, Carl Icahn offloaded approximately 50% of his stake in The Hain Celestial Group, Inc. (HAIN- Free Report). However, he will remain a major stockholder in the natural food and personal care products maker.

Icahn and related entities informed the company about the sale of 3,650,000 shares to Jefferies LLC, acting as an underwriter, who also has an option to buy 547,500 shares more to meet the surplus demand. Consequently, Icahn and related entities will own 3,589,963 shares, or 7.5% of the outstanding shares of Hain.

However, the news failed to provide any impetus to the stock, which incidentally dropped 2.7% or $2.24 to $79.64 during after-market trading hours. Considering the year-to-date performance, the stock has jumped 45% and remains a healthy option for investors to reap the benefits.

Another headline story is Bank of America Corporation (BAC
- Free Report) selling its remaining 1% stake (or 2 billion shares) in China Construction Bank Corp. This is the second U.S. bank after The Goldman Sachs Group, Inc. (GS- Free Report) that exited from China, which was once looked upon as a lucrative destination for doing business. The investment firm divested its remaining $1.1 billion stake in Beijing-based Industrial and Commercial Bank of China Ltd.

It seems that market is ready to digest more, as the world’s largest software maker Microsoft Corporation (MSFT
- Free Report) recently announced plans to buy Finnish company Nokia Corporation’s (NOK- Free Report) handset business for $7.2 billion. The deal will enable Microsoft to grab the opportunities in the fast-growing mobile segment.

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.

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