For Immediate Release
Chicago, IL – January 29, 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 Standard Motor Product Inc. (SMP), General Electric (GE), ITT Corporation (ITT), Federal Signal Corp (FSS) and Tyco International Ltd (TYC).
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:
Standard Motors Retains Outperform Rec
On Jan 23, we maintained our Outperform recommendation on Standard Motor Product Inc. (SMP) based on its strong brand recognition, less cyclical end-market and efficient debt management measures.
Standard Motor’s adjusted earnings per share in the 2012-third quarter went up 23.7% year over year to 73 cents, surpassing the Zacks Consensus Estimate by 9 cents. Revenues increased 16.8% to $276.0 million, ahead of the Zacks Consensus Estimate of $258.0 million, driven by the positive impact from the company’s recent acquisitions and strong performance of the company’s Temperature Control segment. Over the past four quarters, Standard Motors has delivered an average surprise of 0.33%.
Following the release of the third quarter results, the Zacks Consensus Estimate for 2012 increased 7.9% to $1.77 per share. Moreover, the Zacks Consensus Estimate for 2013 also increased 6.3% to $2.03 per share. With the Zacks Consensus Estimates for both 2012 and 2013 going up, the company retains a Zacks Rank #1 (Strong Buy).
Standard Motor benefits from its strong brand recognition and wide customer base. With a focus on the aftermarket, the company is less exposed to the cyclical automotive industry. The company will benefit from the rising demand of repair products due to the improved used vehicles market, increase in the number of automobiles on the road and rise in the average age of vehicles in the U.S.
GE Signs MOU with Toshiba
General Electric (GE) and Toshiba Corporation recently signed a memorandum of understanding (MOU) to collaborate for high-efficiency combined-cycle power projects across the world. Additionally, the two companies intend to team up to develop combined-cycle power generation technology and advanced steam turbine technology with high levels of thermal efficiency.
The global alliance is expected to be beneficial for both the companies which already have in-place agreements for 50-Hz and 60-Hz projects in Japan as well as in other parts of Asia. The combined entity recently won a contract to supply Flex Efficiency technology to Chubu Electric Power’s Nishi Nagoya thermal power plant in Japan. GE’s Flex Efficiency technology harnesses natural gas to ensure efficient usage of renewable energy. The Flex Efficiency portfolio will reduce emissions and its flexibility enable utilities to deliver power quickly as per the need, thus balancing the grid cost effectively.
The customers will also reap the benefits of the sophisticated engineering, procurement and construction solutions of Toshiba as well as new technology of the Flex Efficiency Portfolio, which will meet the energy demands around the globe. The alliance will have high-efficiency steam turbine and generator technologies that will entail high plant efficiency, better engineering solutions and better fuel efficient plants in the future.
General Electric is one of the most diversified technology and financial service corporations in the world, competing with industry big wigs such as ITT Corporation (ITT) and Federal Signal Corp (FSS). Its segments include Power & Water, Oil & Gas, Energy Management, Aviation, Healthcare, Transportation, Home & Business Solutions, and GE Capital. GE Power & Water provides customers with a wide array of power generation, energy delivery and water process technologies and helps them in addressing the challenges locally.
General Electric currently has a Zacks Rank #4 (Sell). One of its competitors, Tyco International Ltd (TYC) carries a Zacks Rank #1 (Strong Buy).
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