Month: August 2015

Mergers & Acquisitions

Timken to Acquire Carlstar Belts Business, Further Expanding Its Product Portfolio

August 3, 2015 0

Timken to Acquire Carlstar Belts Business, Further Expanding Its Product Portfolio PR Newswire NORTH CANTON, Ohio, Aug. 3, 2015 NORTH CANTON, Ohio , Aug. 3, 2015 /PRNewswire/ — The Timken Company (NYSE: TKR; www.timken.com ), the world leader in tapered roller bearings, today announced that it has reached an agreement with American Industrial Partners to acquire the Carlstar Belts Business (“Carlstar Belts”), a leading North American manufacturer of belts used in industrial, commercial and consumer applications under well-recognized brands including Carlisle , Ultimax and Panther , among others. […]

Stock Analysts

Tech Earnings Roundup: FB, TWTR, GRUB, LRCX & More

August 3, 2015 0

Social networking companies Facebook FB and Twitter TWTR dropped post-earnings results, as did review site Yelp YELP ; but GrubHub GRUB , Expedia EXPE and Lam Research LRCX rose. Social Networking Stocks Tanked The three major social networking companies are not comparable in any way. Facebook is by far the leader, Twitter is a short messaging outfit that limits social interaction and LinkedIn is more professional than social. […]

Stock Analysts

UPS to Take Over Coyote Logistics for $1.8B

August 3, 2015 0

In order to meet heightened shipping demand in the busy holiday season, United Parcel Service, Inc. UPS has decided to acquire Coyote Logistics for $1.8 billion, through both cash and debt. The company is expected to wrap up the deal in the next 30 days, subject to regulatory approvals. […]

Mergers & Acquisitions

Sutor Entered Into Letter of Intent to Acquire Lgsteel

August 3, 2015 0

Sutor Entered Into Letter of Intent to Acquire Lgsteel PR Newswire CHANGSHU, China, August 3, 2015 CHANGSHU, China , August 3, 2015 /PRNewswire/ — Sutor Technology Group Limited (the “Company” or “Sutor”) (Nasdaq: TOR), one of the leading China -based manufacturers and customized service providers for fine finished steel products used by a variety of downstream applications, today announced that recently the Company entered into a non-binding letter of intent dated July 31, 2015 (“LOI”) with the shareholder of Shanghai Lgsteel Supply Chain Management Co., Ltd. (“Lgsteel”). The LOI contemplates a transaction in which Sutor will acquire 100% of the shares of Lgsteel, a company incorporated and existing in China . […]

Momentum Stocks

Bear of the Day: China Petrol (SNP) – Bear of the Day

August 3, 2015 0

When I think about the worst places you could have had money over the course of the last month or so two places come to mind. That is China and oil. So it should come as no surprise that today’s Bear of the Day has a Zacks Rank #5 (Strong Sell) rating and is the perfect, unholy intersection of the two. […]

Technicals

Loews (L) Q2 Earnings Miss Estimates, Revenues Fall – Tale of the Tape

August 3, 2015 0

New York based Loews Corporation ( L ) is a diversified holding company operating through its subsidiaries. Loews aims to strengthen its hotel business, its smallest unit, with the addition of more hotels to its portfolio to take the count to over 30 and triple its net income by 2015. Though offshore drilling market faces challenges from soft day rates and very few long-term contracts, Diamond Offshore continues to improve its fleet. […]

Technicals

Can the Rally in NTELOS Holdings (NTLS) Shares Continue? – Tale of the Tape

August 3, 2015 0

NTELOS Holdings Corp ( NTLS ) has been on the move lately as the stock has risen by 26.8% in the past four weeks, and it is currently trading well above its 20-Day SMA. This is a pretty solid move higher, but the question that has to be on investors’ minds right now is; can this trend continue? While there can be no telling for sure, it is certainly encouraging that earnings estimates have risen in the past few weeks on the company, suggesting that sentiment on NTLS is moving in the right direction […]

Technicals

Bojangles (BOJA) Shares March Higher, Can It Continue? – Tale of the Tape

August 3, 2015 0

Bojangles Inc ( BOJA ) has been on the move lately as the stock has risen by 5.9% in the past four weeks, and it is currently trading well above its 20-Day SMA. This is a pretty solid move higher, but the question that has to be on investors’ minds right now is; can this trend continue? While there can be no telling for sure, it is certainly encouraging that earnings estimates have risen in the past few weeks on the company, suggesting that sentiment on BOJA is moving in the right direction. […]