Posts for Ticker ‘SWK’

52-Week High Club

Burlington Northern Santa Fe Corp (NYSE: BNI) surged close to 30% to a yearly high of $97.59 following news that Warren Buffett’s Berkshire Hathaway (NYSE: BRK.A) will be buying the freight rail operator for $100 per share, which places the value of the company at $44 billion.

The Black & Decker Corporation (NYSE: BDK) rallied close to 30% to a yearly high of $61.79  following news that the tool makers has agreed to be purchased by Stanley Works (NYSE: SWK) in an all stock deal valued at $4.5 billion.

Cognizant Technology Solutions Corp (NASDAQ: CTSH) rose over 8% to a yearly high of $42.40.  The computer services and technology consulting company announced that its 3Q 09 profit rose roughly 21%, beating analyst estimates.  The company also raised its 2009 profit estimate to $1.88 per share from $1.78 per share.

Landry’s Restaurants (NYSE: LNY) rose over 25% to a yearly high of $13.99.  The restaurant, hospitality and entertainment company following rose on news that the company’s chief executive, Timothy J. Fertitta has agreed to purchase the company for $14.75 per share, or $1.2 billion.

Garrett W. McIntyre

Posted on: November 3, 2009 – 4:03 pm in Buffett, Consumer Goods, Earnings, Food, Hardware, Mergers and Buy Outs, Technology Companies, , , , , , ,

Media Digest 11/3/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

newspaperReuters:   The value of the yuan could cause a trade war between the US and China.

Reuters:   Executive pensions rose despite drops in stock prices.

Reuters:   Lloyds will make a large stock offering.

Reuters:   Stanley Works (NYSE:SWK) bought Black & Decker (NYSE:BDK) for $3.46 billion.

Reuters:   CIT’s (NYSE:CIT) exit from bankruptcy is not clear.

Reuters:   UBS (NYSE:UBS) posted a loss and wealth management clients continued to leave.

Reuters:   Ford (NYSE:F) posted a surprise profit.

Reuters:   Manufacturing and pending home sales both rose.

Reuters:   Volker said the economy could not rely on consumer spending.

Reuters:   The commercial real estate business is still in deep trouble.

WSJ:   Toyota (NYSE:TM) expects a monthly sales decline.

WSJ:   IllyCaffè SpA will work with local coffee shops to compete with Starbucks (NASDAQ:SBUX).

WSJ:   The head of the IMF says financial firms are going back to old practices.

WSJ:   Blu-ray makers are becoming more involved with web video.

WSJ:   Research-in-Motion (NASDAQ:RIMM) is the focus of a number of bearish comments.

WSJ:   Schwab (NASDAQ:SCHW) is making a push into ETFs.

WSJ:   GM’s board will revisit the Opel sale.

WSJ:   Microsoft (NASDAQ:MSFT) Office faces inexpensive versions of similar software.

WSJ:   Sears (NASDAQ:SHLD) may need to get cash from its Canadian operation which presents challenges.

WSJ:   Problems are beginning to appear in the financials of Chinese banks.

WSJ:   Business bankruptcies rose 7% in October.

NYT:   The US will allow GM to use federal money to put into Delphi.

NYT:   The Supreme Court is looking at fees advisors charge mutual funds.

NYT:   The Senate is pushing insurance companies on the amount of premiums they actually spend on care.

NYT:   Goldman Sachs (NYSE:GS) may buy tax credits from Fannie Mae (NYSE:FNM)

FT:   The Fed has asked banks to adopt it new pay rules early to cover 2009 compensation.

FT:   Ebay’s (NASDAQ:EBAY) PayPal has opened doors to outside developers.

Bloomberg:   The next head of Bank of America (NYSE:BAC) may be based in NYC.

Douglas A. McIntyre

 

Posted on: November 3, 2009 – 3:55 am in Press Digest, , , , , , , , , , , , , ,

Stanley Wants Bigger Tool Works (SWK, BDK, SNA)

Money ImageThe tool sector for builders and home repair is about to get a lot smaller for investors looking for diversification of company choices to invest in.  The Stanley Works (NYSE: SWK) and The Black & Decker Corporation (NYSE: BDK) have proposed a merger which would unite the brands.  The companies see accretion to earnings per share of about $1.00 per share by year three with some $350 million in cost synergies.  This deal is a stock for stock merger where Black & Decker shareholders would receive a fixed shares ratio of 1.275 shares Of Stanley common stock per 1 share held of Black & Decker common stock.
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Posted on: November 2, 2009 – 4:57 pm in Consumer Goods, Housing, Mergers and Buy Outs, , ,

Top Analyst Upgrades (AZN, BMR, ETR, MMM, NFLX, NVO, SWK)

These are some of the top pre-market analyst upgrades we have seen from Wall Street early this Monday morning:

AstraZeneca (AZN) Raised to Buy at UBS.
BioMed Realty Trust (BMR) Raised to Outperform at Oppenheimer.
Entergy (ETR) Raised to Buy at Jefferies.
3M (MMM) Raised to Equal-Weight at BVarclays.
Netflix (NFLX) Raised to Buy at Citigroup.
Novo Nordisk (NVO) Raised to Buy at Citigroup.
Stanley Works (SWK) Raised to Outperform at Baird.

JON C. OGG

Posted on: April 27, 2009 – 6:54 am in Analyst Calls, , , , , , ,

Many Monday Pre-Market Downgrades (CEG, FIS, FISV, DNA, KBW, NKE, PSO, SHW, SWIR, SWK, WERN, WIT)

These are among the top analyst Downgrades or negative analyst calls affecting shares this Monday morning in pre-market trading:

  • Constellation Energy (NYSE: CEG) Downgraded to Underperform at Jefferies.
  • Fidelity National (NYSE: FIS) Cut to Perform at Oppenheimer.
  • Fiserv (NASDAQ: FISV) Cut to Perform at Oppenheimer.
  • Genentech (NYSE: DNA) Raised to Overweight at Lehman.
  • KBW (NYSE: KBW) Cut to Market Perform at FBR.
  • Nike (NYSE: NKE) Cut to Neutral at HSBC.
  • Pearson plc (NYSE: PSO) Cut to Sell at Deutsche Bank.
  • Satyam Computer Services (NYSE: SAY) Cut to Equal Weight at Morgan Stanley; Cut to Underperform at Credit Suisse.
  • Sherwin Williams (NYSE: SHW) Cut to Sell at Goldman Sachs.
  • Sierra Wireless (NASDAQ: SWIR) Target cut to $20 from $25 at CIBC.
  • Stanley Works (NYSE: SWK) Cut to Hold at Deutsche Bank.
  • Werner Enterprises (NASDAQ: WERN) Cut to Sell at UBS.
  • WIPRO (NYSE: WIT) Cut to Underperform at Credit Suisse.

Jon C. Ogg
July 21, 2008

Posted on: July 21, 2008 – 7:52 am in Analyst Calls, , , , , , , , , , , ,

Top 10 Early Bird Analyst Calls (AIG, CTAS, KBW, NTES, NKE, SAY, SHW, SWK, TEVA, WFMI)

These are only some of the early bird analyst calls that we have seen in early Monday pre-market trading, but these are some of the more active stock names:

  • American International Group (NYSE: AIG) Raised to Buy at Banc of America.
  • Cintas Corp. (NASDAQ: CTAS) Raised to Equal Weight at Morgan Stanley.
  • KBW (NYSE: KBW) Cut to Market Perform at FBR.
  • NetEase (NASDAQ: NTES) Raised to Outperform at Credit Suisse.
  • Nike (NYSE: NKE) Cut to Neutral at HSBC.
  • Satyam Computer Services (NYSE: SAY) Cut to Equal Weight at Morgan Stanley; Cut to Underperform at Credit Suisse.
  • Sherwin Williams (NYSE: SHW) Cut to Sell at Goldman Sachs.
  • Stanley Works (NYSE: SWK) Cut to Hold at Deutsche Bank.
  • Teva Pharmaceutical Ind. (NASDAQ: TEVA) Raised to Buy at Deutsche bank.
  • Whole Foods Markets (NASDAQ: WFMI) Raised to Equal Weight at Morgan Stanley.

Jon C. Ogg
July 21, 2008

Posted on: July 21, 2008 – 6:01 am in Analyst Calls, , , , , , , , , ,

Pre-Market Stock News (January 28, 2008)

Alliance Data Systems (ADS) was informed by Blackstone that conditions likely won’t be satisfied to complete the merger; stock trading down close to 40%.
American Express (AXP) reports earnings today with estimates at $0.71 EPS.
Biogen Idec (BIIB) said that Carl Icahn has given notice that he wants to nominate 3 directors to the board.
Black & Decker (BDK) $1.06 EPS vs. $1.03 estimate; lowered guidance for 2008 to $5.40 to 5.90 vs. $6.10+ estimates.
Bluelinx (BXC) now sees wider losses than expected.
Corning (GLW) $0.40 EPS vs. $0.39 estimate; Revenue $1.58B vs. $1.55B est.
eBay (EBAY) announced that PayPal has agreed to acquire Fraud Sciences Ltd. in Israeli for roughly $169 million.
FPL Group (FPL) $0.71 EPS vs. $0.67 estimates.
Halliburton (HAL) $0.74 EPS vs. $0.69 estimates.
Matria Healthcare (MATR) is being acquired by Inverness Medical (IMA) for $39.00 per share, with a breakdown of $6.50 per share in cash and $32.50 per share in convertible preferred stock.
McDonalds (MCD) set to report earnings, estimate $0.71.
Napster (NAPS) announced the launch of the Napster Mobile music service with Ericsson phones at Telecom Italia through its mobile brand TIM.
Sallie Mae (SLM) received commitments for $31 Billion from a consortium of banks led by Bank of America, JPMorgan Chase, Barclays Capital, Deutsche Bank, Credit Suisse, and The Royal Bank of Scotland, and from UBS; new financing will replace the $30 billion interim financing put in place; will drop suit related to past failed merger.
Sears Holdings (SHLD) Aylwin Lewis is stepping down as CEO of Sears.
Stanley Works (SWK) $1.11 EPS vs. $1.10 estimate; reaffirmed 2008 EPS at $4.20 to $4.40 versus $4.37 estimate.
Superior Offshore (DEEP) announced E. Donald Terry will be Interim President/CEO effectively immediately.
Synta (SNTA) and GlaxoSmithKline (GSK) announced elesclomol for metastatic melanoma was granted orphan drug designation by FDA; SNTA trading up 17%.
Ultralife Batteries (ULBI) received $4.4 million in military battery orders from the U.S. Defense Department.
Verizon (VZ) $0.62 EPS vs $0.62 estimate; added 2 million total net wireless customers; now has over 1 million FiOS TV customers.

Jon C. Ogg
January 28, 2008

Posted on: January 28, 2008 – 7:54 am in Pre-Market Activity, , , , , , , , , , , , , , ,

Pre-Market Analyst Calls (July 13, 2007)

AOB started as Outperform at CIBC.
AUY started asOutperform at Credit Suisse.
BGFV cut to Sector Perform at CIBC.
BJ raised to Equal Weight at Lehman.
BLK started as Outperform at Wachovia.
CCL raised to Overweight at JPMorgan.
CHE cut to Hold at Deutsche Bank.
CIT cut to Sector PErform at CIBC.
CREE started as Hold at Deutsche Bank.
DWA started as Buy at Stifel Nicolaus.
EMC cut to Mkt Perform at Morgan Keegan.
FRO cut to Reduce at UBS.
HAL raised to Outperform at Credit Suisse.
HDB started as Buy at Jefferies.
IBN started as Buy at Jefferies.
NATI raised to Overweight at Thomas Weisel.
NDN raised to Buy at Deutsche Bank.
PPDI cut to Hold at Jefferies.
RCL raised to Overweight at JPMorgan.
RNOW started as Hold at Cantor Fitzgerald.
RSH cut to Sell at B of A.
SEB raised to Buy at Jefferies.
SWK started as Neutral at B of A.
SWY raised to Equal Weight at Lehman.
VRSN raised to Buy at Jefferies.
VSCN cut to Mkt Perform at FBR.
WON cut to Sell at Citigroup.
ZBRA raised to Overweight at Thomas Weisel.

Jon C. Ogg
July 13, 2007

Posted on: July 13, 2007 – 6:43 am in Analyst Calls, , , , , , , , , , , , , , , , , , , , , , , ,