Stock Analysts

Andersons Reports Strong 2Q (ANDE)

The Andersons Inc . ( ANDE ) reported second quarter net income of $45.2 million or $2.42 per share compared with $25.2 million or $1.36 per share in the year-ago quarter. Reported earnings in the quarter were much higher than the Zacks Consensus Estimate of $1.75 per share. […]

Stock Analysts

Office Depot Upgraded (ODP) (OMX) (SPLS)

Buoyed by better-than-expected second-quarter 2011 results, we recently upgraded our recommendation on Office Depot, Inc. ( ODP ), the supplier of a range of office products and services across the globe, to Neutral with a price target of $3.25. […]

Mergers & Acquisitions

TD Bank Group to acquire MBNA Canada’s credit card business

TD Bank Group to acquire MBNA Canada’s credit card business PR Newswire TORONTO, Aug. 15, 2011 Establishes TD as a top credit card issuer in Canada Financially attractive acquisition TD becomes dual issuer, giving customers greater choice TD gains the largest Canadian MasterCard issuer TORONTO , Aug. 15, 2011 /PRNewswire/ – TD Bank Group (TD) (TSX and NYSE: TD) and Bank of America Corporation (NYSE: BAC) today announced a definitive agreement under which TD will purchase MBNA Canada’s credit card portfolio, as well as certain other assets and liabilities. […]

Mergers & Acquisitions

China XD Plastics Announces US$100 Million Equity Investment by Morgan Stanley Private Equity Asia

China XD Plastics Announces US$100 Million Equity Investment by Morgan Stanley Private Equity Asia PR Newswire HARBIN, China, Aug. 15, 2011 HARBIN, China , Aug. 15, 2011 /PRNewswire-Asia-FirstCall/ — China XD Plastics Company Limited (NASDAQ: CXDC, “China XD Plastics” or the “Company”), one of China ‘s leading players engaged in the development, manufacture, and sales of modified plastics primarily for automotive applications, today announced that Morgan Stanley Private Equity Asia (“MSPEA”), one of the leading private equity investors in Asia , has agreed to make a US$100 million equity investment for a significant minority ownership stake in the Company, subject to certain customary closing conditions. […]

Mergers & Acquisitions

Grainger Intends to Acquire Fabory Group

Grainger Intends to Acquire Fabory Group – The transaction price will be approximately $344 million (euro 242 million) and is expected to be accretive to 2012 earnings. – Grainger will host a live webcast at 10:00 a.m. EDT today to discuss this announcement. […]

Mergers & Acquisitions

Van Leeuwen Pipe and Tube Group Acquires Teuling Staal

Van Leeuwen Pipe and Tube Group Acquires Teuling Staal PR Newswire ZWIJNDRECHT, The Netherlands, August 15, 2011 ZWIJNDRECHT, The Netherlands , August 15, 2011 /PRNewswire/ — The Van Leeuwen Pipe and Tube Gro u p h as acquired Teuling Staal B.V. Teuling Staal , situated in Barendrecht , is a specialist in the field of duplex and super duplex stainless steel materials . Teuling Staal, founded in 1977, is a leading supplier of duplex and super duplex stainless steel pipes, fittings, flanges and special products for both the Oil and gas and Offshore industry […]

Momentum Stocks

Optimer Pharmaceuticals (OPTR) – Bull of the Day (OPTR)

Optimer Pharmaceuticals' ( OPTR ) second quarter 2011 loss per share of $0.52 was wider than the year-ago loss, but we are encouraged by the FDA approval and subsequent launch of Dificid, an antibiotic which treats a condition known as CDAD. Dificid scores better than currently available treatment options on many parameters. Particularly, we believe the inclusion of superior recurrence benefits over Vancocin in the product label will provide valuable benefit and help Dificid sales […]

Momentum Stocks

MarketAxess Holdings, Inc. – Momentum (MKTX)

MarketAxess Holdings, Inc. ( MKTX ) has seen big gains over the last year, more than doubling in price after recently hitting a new all-time high. The movement comes on the heels of strong Q2 results and upward revisions in estimates, providing more momentum for this Zacks #1 Rank stock […]