Month: August 2011

Technicals

Bearish MACD for ACCO Brands – Tale of the Tape (ABD)

August 10, 2011 0

ACCO Brands Corporation ’s ( ABD ) MACD indicator has entered into bearish territory with a reading of -0.1611. The Zacks #4 Rank (“Sell”) stock decreased more than 5% to $6.89 in morning trade. The Zacks Consensus Estimate for the year ended December 2011 has decreased by 4 cents over the past month to 64 cents per share […]

Stock Analysts

ITW’s Rating Down to Neutral (ITW)

August 10, 2011 0

We recently downgraded our recommendation on Illinois Tool Works Inc. ( ITW ) from Outperform to a Neutral recommendation. The industrial tools manufacturer recently reported its second quarter financial results with earnings per share of 96 cents and operating revenue of $4,615 million, up 21.5% and 17.5% year over year, respectively. […]

Stock Analysts

McDermott Secures Shell Deal (MDR) (RDS.A)

August 10, 2011 0

A unit of McDermott International ( MDR ) has won a contract from Royal Dutch Shell plc ( RDS.A ) to build a West Delta 143 "C" deck, jacket, piles, and bridge in the Gulf of Mexico. Although the financial terms of the deal were not disclosed, it will be included in McDermott’s third quarter 2011 booking. […]

Stock Analysts

11 unit order to drive 35%+ sequential revenue growth (XPWR)

August 10, 2011 0

Steven Ralston, CFA 11 unit order to drive 35%+ sequential revenue growth Today, XZERES ( XPWR ) announced that it has received a Letter of Intent for a $3.2 million turbine order from a customer in Vietnam. After the successful completion of a pilot program of a single unit for three months, the customer has decided to move forward. Other wind power companies have pursued this opportunity and failed […]

Stock Analysts

Xerox Expands in Italy (XRX)

August 10, 2011 0

Xerox Corp. ( XRX ) recently announced that one of its fully owned subsidiaries, ACS, has acquired the call center and business process services assets of Italy-based Innova Consulting. The assets comprise a 180-person call center and business process capability in the city of Cagliari on the island of Sardinia. […]

Stock Analysts

2Q Comps Rise at Jamba (JMBA) (MCD)

August 10, 2011 0

Jamba Inc. ( JMBA ), the leading restaurant retailer of food and beverage offerings, recently reported its second quarter 2011 preliminary comparable store sales results. The Emeryville, California-based company posted system-wide comparable sales growth of 2.9% in the second quarter of 2011, driven by innovative menu offerings and marketing initiatives. […]