Stock Analysts

More Chinese Orders for Eaton (ETN) (ITT) (PH)

Eaton Corporation ( ETN ) has been selected by the leading Chinese construction machinery producer, XCMG Group, to supply components for its first vibratory compactors with hydraulic transmissions. This is Eaton’s first significant heavy-duty pump and motor win in the China vibratory compactor platform, a milestone for the company. XCMG said each hydraulic transmission will equip an Eaton hydrostatic heavy-duty variable pump and motor rated at peak pressures of 6,960 psi […]

Stock Analysts

Ferrellgas’ Mixed Results (FGP) (SPH)

Ferrellgas Partners LP 's ( FGP ) reported net loss per unit of 53 cents for the fourth quarter of fiscal 2011, wider than the Zacks Consensus Estimate of a loss of 41 cents. The quarter’s loss was 5 cents less than the prior-year quarter loss of 58 cents. The results of the partnership reflect the impacts of the seasonal retail propane distribution business, and the historical nature of the partnership’s performance during the first and fourth quarters of the fiscal year […]

Stock Analysts

Capital One Reiterated Neutral (COF) (HBC) (ING)

We have reaffirmed our Neutral recommendation on Capital One Financial Corp. ( COF ) after a thorough review of its second-quarter 2011 earnings results and the upcoming acquisitions of ING Direct USA, the online banking unit of Amsterdam-based ING Groep NV ( ING ) and HSBC Holdings Plc ’s ( HBC ) U.S. credit card business that would enhance the company’s position in terms of deposits and assets, as well as be significantly accretive to its financials. […]

Stock Analysts

MelaFind Approval Is Positive for Verisante (V.VRS)

MelaFind Approval Is Positive for Verisante Brian Marckx, CFA This morning MELA Sciences (MELA) announced that the FDA issued an approvable letter in response to its application seeking regulatory approval for its MelaFind skin cancer detection device. The approvable letter requires MELA to finalize their labeling, package insert, users guide, training program and clinical protocol for a post-approval study before the agency will grant approval. […]

Stock Analysts

Bearish on McDermott’s Future (BWC) (MDR)

Shares of McDermott International ( MDR ) hit a 52-week low of $10.89 on Friday, September 23. The energy-focused engineering and construction firm has seen its share price fall nearly 45% since the beginning of July this year, as investors have been selling the stock for its weak fundamentals and tepid outlook. […]