The Fortune Financial Covers Financial & Sector Analysis for Technology and Basic Materials Companies
November 20 2009 - 6:59AM
Marketwired
The budding economic recovery isn't getting much help from the home
building industry, which normally creates jobs and drives growth
when a recessions ends. Uncertainty over whether a homebuyer tax
credit would be extended weighed down construction last month, a
sign of how much the fledging recovery depends on government
support. Considering the latest market updates, we, at The Fortune
Financial, have asked some of the top analysts worldwide to give us
their updated feedback regarding the current market activity and
position on Baker Hughes Inc. (NYSE: BHI), Ingram Micro Inc. (NYSE:
IM), (Mosaic Co. (NYSE: MOS), Windstream Corporation (NYSE: WIN),
Seagate Technology (NASDAQ: STX) and CBL & Associates
Properties Inc. (NYSE: CBL).
The following are extracts from today's analytical research
reports
-- BHI: The overall trend has been really flat over the past one month
with the first support level at $42.58 and first resistance level at
$44.10. Volumes have come down on the stock.
-- IM: The overall trend has been really bullish over the past two months
with the first support level at $18.14 and first resistance level at
$18.57. Uptrend supported by higher volumes on purchasing activities.
-- MOS: The Mosaic Company announced net earnings of $100.6 million or
$0.23 per diluted share for its first quarter ended August 31, 2009.
-- WIN: We noted that certain onetime items reduced the company's latest
quarter's earnings by about $0.06 per share.
-- STX: At a time when economic conditions remained challenging, we are
very pleased with the company's financial performance, delivering strong
revenues, margins and cash generation.
-- CBL: The real estate investment trust has made tremendous progress in
recent weeks. We expect the economy to remain weak through the rest of the
year, but ...
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of the companies.
NYSE:BHI NYSE:IM NYSE:MOS NYSE:WIN NASDAQ:STX NYSE:CBL
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