Upgrades

EDGEN GROUP (EDG) Upgraded by Zacks to NEUTRAL

Zacks Investment Research upgraded shares of EDGEN GROUP (EDG) from UNDERPERFORM to NEUTRAL on November 01, 2012, with a target price of $7.80. Edgen Group Inc. operates as a distributor of specialty products to the energy sector, including steel pipe, valves, quenched and tempered and high yield heavy plate, and related components […]

Upgrades

SKILLED HLTHCR (SKH) Upgraded by Zacks to NEUTRAL

Zacks Investment Research upgraded shares of SKILLED HLTHCR (SKH) from UNDERPERFORM to NEUTRAL on November 01, 2012, with a target price of $8.00. SKILLED HEALTHCARE GROUP, INC. subsidiaries operate skilled nursing and assisted living facilities as well as a rehabilitation therapy and a hospice business, which focus on creating a culture that attracts and retains an innovative, caring and ethical team that provides high-quality care to patients, and has a strong reputation for treating patients who require a high level of skilled nursing care and extensive rehabilitation therapy […]

Upgrades

LHC GROUP LLC (LHCG) Upgraded by Zacks to NEUTRAL

Zacks Investment Research upgraded shares of LHC GROUP LLC (LHCG) from UNDERPERFORM to NEUTRAL on November 01, 2012, with a target price of $18.00. LHC Group provides post-acute healthcare services primarily to Medicare beneficiaries in rural markets in the southern United States. They provide home-based services through their home nursing agencies and hospices and facility-based services through their long-term acute care hospitals and outpatient rehabilitation clinics […]

Max Keiser

Keiser Report: Fraud by Day, Fraud by Night (E361)

[youtube n3NrwqMsjaE] In this episode, Max Keiser and Stacy Herbert discuss Chinese investors pouring money into silver, while American investors pour money into bonds 33 times faster than into equities. They also look at the latest updates to the mystery of there being no Chinese gold bars in the GLD vaults and on the fly by day operations at the Federal Reserve Bank. In the second half, Max Keiser talks to John Butler, author of The Golden Revolution and chief investment officer of Amphora Capital, about German gold and a German exit from the euro […]

Mergers & Acquisitions

Construtora Norberto Odebrecht S.A., Through Its Affiliate Odebrecht Finance Ltd., Announces Final Results Of Tender Offer And Consent Solicitation For 7.000% Senior Notes Due 2020 And Early Tender Date Results Of Tender Offer For 6.000% Notes Due 2023

Construtora Norberto Odebrecht S.A., Through Its Affiliate Odebrecht Finance Ltd., Announces Final Results Of Tender Offer And Consent Solicitation For 7.000% Senior Notes Due 2020 And Early Tender Date Results Of Tender Offer For 6.000% Notes Due 2023 PR Newswire SAO PAULO, Nov. 1, 2012 SAO PAULO , Nov. 1, 2012 /PRNewswire/ — Construtora Norberto Odebrecht S.A […]

Stock Analysts

Kellogg Beats EPS, Sales In Line (K) (PG)

Kellogg Company ’s ( K ) third quarter 2012 earnings per share of 86 cents per share (excluding integration costs related to Pringles) beat the Zacks Consensus Estimate of 81 cents per share by 6.2%. The third-quarter earnings also beat the prior-year quarter earnings of 80 cents by 7.5%, driven by robust organic sales growth performance, which offset the headwinds from last month’s product recall. […]

Stock Analysts

Potash Corp. Beats Ests in 3Q (BASFY) (MOS) (POT)

Potash Corporation of Saskatchewan Inc. ’s ( POT ) third-quarter 2012 earnings came in at 74 cents per share, surpassing the Zacks Consensus Estimate by a penny, but falling well short of the year ago earnings of 94 cents. Sales in the quarter came in at $2,143 million, down 7.7% from $2,321 million registered a year ago, but beat Zacks Consensus Estimate of $2,026 million. […]

Stock Analysts

Dismal 3Q from ArcelorMittal (MT) (X)

Steel bellwether ArcelorMittal ( MT ) posted a net loss of $709 million or 46 cents per share in the third quarter of 2012 compared with a net income of $659 million or 19 cents per share a year ago. The bottom line was hurt by the challenging economic conditions including the slowdown in China as well as lower steel pricing and shipments. […]

Stock Analysts

Visa Exits Fiscal 2012 Fairly (MA) (V)

Visa Inc. ’s ( V ) fiscal fourth-quarter 2012 (ended September 30, 2012) operating earnings of $1.54 per Class A common share came in modestly ahead of the Zacks Consensus Estimate of $1.50. Additionally, the earnings substantially exceeded prior-year quarter’s earnings of $1.27 per share, primarily due to lower share count. […]

Stock Analysts

Shell Tops Profit Estimate, Down Y-Y (BP) (RDS.A) (TOT)

Europe’s largest oil company Royal Dutch Shell plc ( RDS.A ) reported better-than-expected third quarter 2012 earnings on the back of solid operating performance and improved refining margins. Earnings per ADR (on a current cost of supplies basis), excluding one-time items and gains or losses from inventories, came in at $2.09, above the Zacks Consensus Estimate of $2.07. However, compared with the year-ago period, Shell’s adjusted earnings per ADR declined 6.7% (from $2.24 to $2.09), while revenues were down 9.2% to $112.1 billion, reflecting depressed crude and North American gas prices. […]

Stock Analysts

Tesoro Misses EPS, Beats Revenue (BP) (TSO)

Independent refiner Tesoro Corporation ( TSO ) came out with weak third quarter 2012 profits, as gross margin narrowed and its core California market suffered from disruptions and maintenance. Earnings per share (excluding special items) came in at $2.05, missing the Zacks Consensus Estimate of $2.37 and also below the year-ago adjusted profit of $2.39. The San Antonio, Texas-based firm reported revenue of $8,776.0 million for the three-month period […]

Stock Analysts

Allstate’s EPS Beats, Rev Slumps (ALL) (BRK.A) (TRV)

Allstate Corporation ’s ( ALL ) third-quarter 2012 operating earnings per share of $1.46 significantly exceeded the Zacks Consensus Estimate of $1.15 and the year-ago quarter’s earnings of 16 cents. Operating net income, which excludes realized net capital gains and losses and deferred acquisition costs (DAC) and DSI related to them along with valuation changes on embedded unhedged derivatives, gains and losses on disposition of operations and accruals on non-hedged derivative instruments, surged to $717 million from $80 million in the year-ago quarter. […]

Stock Analysts

Excellent 3Q for Scripps Networks (DISCA) (SNI) (TVL)

Scripps Networks Interactive Inc. ( SNI ) has reported strong financial results for the third quarter of 2012.Increased marketing efforts, continuous growth in advertising and affiliate fee revenues and gradual share repurchasemainly contributed to the outperformance. Quarterly GAAP net income from continuing operation was $118.4 million or 78 cents per share compared with $98.6 million or 65 cents per share in the prior-year quarter. […]