Engulfing Line (Bearish)
|Bid||24.58 x 3200|
|Ask||24.53 x 2200|
|Day's Range||24.27 - 24.63|
|52 Week Range||14.71 - 25.30|
|Beta (5Y Monthly)||1.19|
|PE Ratio (TTM)||41.36|
|Forward Dividend & Yield||0.83 (3.35%)|
|Ex-Dividend Date||Mar 30, 2020|
|1y Target Est||23.82|
At the end of February we announced the arrival of the first US recession since 2009 and we predicted that the market will decline by at least 20% in (see why hell is coming). In these volatile markets we scrutinize hedge fund filings to get a reading on which direction each stock might be going. […]
ABB's divestment of an 80.1% stake in the Power Grids business will help it concentrate on core operations. Also, net proceeds are likely to be used for rewarding shareholders through share buybacks.
ABB's business unit opens a 400,000-sq.ft. distribution center in Phoenix to better serve customers in the Western United States.
Today, ABB Electrification’s Installation Products division made inaugural shipments from its 400,000 square foot West Coast Distribution Center in Phoenix, Arizona. The distribution center, which will supply products to customers in the western region of the U.S., will be fully operational during the third quarter of 2020. In addition to creating more than 100 jobs in the Phoenix area, the site will enable faster service and delivery times for a broad range of daily needed electrical products and in-stock items, such as Ty- Rap® cable ties, Color-Keyed® lugs, Steel City® commercial boxes and fittings and Elastimold® cable accessories.
Each year, Frost & Sullivan presents the Global New Product Innovation award to the company that has developed the most innovative element in a product by leveraging leading-edge technologies. The award recognizes the value-added features/benefits of the product and the increased return on investment (ROI) it gives customers, which, in turn, raises customer acquisition and overall market penetration potential.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Kungsleden AB and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. Since 1 January 2019, Moody's practice has been to issue a press release following each periodic review to announce its completion.
Since the coronavirus outbreak, robots have filled up several job vacancies caused by social distancing orders. Here are five robotics and related stocks investors should closely watch.
Teradyne’s earnings beat expectations and the stock is up. But sales in the company’s robotic automation division dipped.
Months of sheltering in place will fundamentally change our lifestyles and will continue to influence the way we live and do business, long after the coronavirus is history, observes Gordon Pape, editor of Internet Wealth Builder.
American workers are locked into their homes, avoiding contact with anyone and everything touched by others. In the workplace, there is a solution that addresses both problems simultaneously: new colleagues immune to pandemics and ready to replace American workers. This has implications in particular for two industry groups that have come into focus recently: essential industries, including large parts of the manufacturing supply chain, and industries with direct customer contact, also called high-touch industries.
The company has recovered from its Covid-19 fall and operates in a high-growth IoT industry with a strong client base Continue reading...
ABB, which calls Cary its North American headquarters, announced that it will provide key technologies to ensure distribution of electricity over long-distance links for the State Grid Corporation of China (SGCC).
Moody's Investors Service, ("Moody's") today downgraded ABB Ltd's (ABB) long term issuer rating to A3 from A2 and the short term issuer rating to P-2 from P-1. This rating action follows an extended period of time in which ABB's operating performance and credit metrics did not meet the requirements for its previous A2 rating.
As ABB prepares to spin out its Power Grids business into a new joint venture with Hitachi, the unit’s top local leader has left the Swiss company.
Coronavirus is probably the 1 concern in investors' minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […]
In-Charge Energy, an energy solutions company accelerating electrification of the transportation industry by providing scalable, turnkey commercial Electric Vehicle (EV) infrastructure solutions, today announced Series A funding led by Macquarie Capital and ABB Technology Ventures. Greg Callman, Senior Managing Director and Global Head, Energy Technology at Macquarie Capital, will join In-Charge Energy's Board of Directors. The additional capital will enable the company to meet the growing demands of new customers and partners in automobile fleet electrification.
Moody's Japan K.K. has affirmed Mitsubishi Electric Corporation's (Melco) A1 issuer rating and Prime-1 commercial paper rating. At the same time, Moody's has changed Melco's outlook to negative from stable. The outlook change to negative reflects Melco's overall margin being under pressure from a fall in profit in its key Industrial Automation Systems segment.
As officials in Washington try to calm fears about the coronavirus, known as COVID-19, executives at top companies are warning analysts about the potential for a global economic slowdown.
ABB, the world-leading supplier of industrial robots, and Silicon Valley AI start-up, Covariant, today announced a partnership to bring AI-enabled robotics solutions to market, starting with a fully autonomous warehouse order fulfilment solution.
Moody's América Latina Ltda., ("Moody's") has assigned a Ba1 global scale and Aaa.br national scale ratings to the second issuance of senior secured debentures by Janauba Transmissora de Energia Eletrica S.A. ("Janauba" or "the project"), in the amount of BRL575 million, due in 2044. The Ba1/Aaa.br ratings are supported by Janauba's 30-year concession agreement to build and operate transmission assets providing for strong cash flows for the project in the operating phase. The ratings incorporate our expectation of a stable and predictable revenue stream dictated by the availability-based contractual structure combined with operations of low complexity, yielding to an average DSCRs of 1.74x, under Moody's base case, for the period in which the principal is amortized (2025-2044).
Raleigh is in line for a new regional headquarters thanks to Swiss industrial giant ABB, which is nearing the finish line in a deal that could mean jobs in the Triangle.