Stocks In The News (WAL, EMN, SODA, BX, URI)
NEW YORK, February 4,2013 (MESHPRESS) – Beststocksdaily.com, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on the following stocks:-
Wal-Mart Stores, Inc. (NYSE:WMT) shares gained 0.77% and closed at $70.49. India’s Trade Minister Anand Sharma met the chief of Wal-Mart Stores Inc.’ international operations during the World Economic Forum in Davos and said his government will provide further clarity on its policy on foreign investment in the retail sector. Wal-Mart International Chief Executive Doug McMillon told Mr. Sharma the retail giant was “excited about India” and that they were studying the conditions in India’s policy related to multi-brand retail before making a final announcement on its India strategy, according to an official Indian government statement.
Can WMT Continue To Move Higher? Find Out Here
Eastman Chemical Company (NYSE:EMN) shares climbed 3.30% and closed at $73.50 after the company reported a fourth quarter net loss of $54 million or $0.35 per share, as compared to net income of $12 million or $0.12 per share for the year-ago quarter. Adjusted earnings for the fourth quarter were $1.19 per share, compared to $0.78 per share in the prior year quarter. Sales for the fourth quarter rose 26% to $2.17 billion from $1.72 billion in the same quarter last year. Analysts expected the company to earn $1.19 per share on revenue estimate of $2.24 billion for the fourth quarter.
Can EMN Extend Rally? Find Out Here
Sodastream International Ltd (NASDAQ:SODA) shares jumped 3.24% and closed at $49.65 after the company last week announced that a new version of the TV spot ‘SodaStream Effect’ will be presented to more than 100 million viewers of football’s Big Game on February 3.
Additionally, SODA‘s stock had its “overweight” rating reiterated by equities research analysts at Barclays Capital in a research note issued to investors on Feb. 1. They currently have a $55.00 price target on the stock.
Can SODA Extend Jump? Find Out Here
The Blackstone Group L.P. (NYSE:BX) shares climbed 3.24% and closed at $19.10 after the company last week reported fourth-quarter net income of $106.4 million or $0.19 per share, as compared with a net loss of $22.7 million or $0.05 per share last year. Economic net income for the quarter totaled $670 million or $0.59 per share, compared with $468 million or $0.42 per share a year ago. Analysts polled by Thomson Reuters estimated earnings of $0.47 per share for the quarter. Total revenues for the quarter jumped to $1.2 billion from $925 million last year. Analysts on consensus estimated revenues of $1.11 billion for the quarter.
Will BX Bounce Back? Get Free Trend Analysis Here
United Rentals, Inc. (NYSE:URI) shares increased 3.24% to $52.26 in the last trading session. The company, on Jan. 29, announced that its subsidiary (the “Trust”) has given notice of its intention to redeem up to $9,000,000 aggregate liquidation preference of its outstanding 6 ½% Convertible Quarterly Income Preferred Securities due August 1, 2028 on March 1, 2013.
Additionally, the company, on Jan. 23, reported fourth quarter net income from continuing operations of $41 million or $0.40 per share, versus $29 million or $0.39 per share in the prior-year quarter. Adjusted earnings from continuing operations for the quarter were $1.27 per share. Total revenues for the quarter surged to $1.25 billion from $746 million in the same quarter last year. Analysts expected the company to report earnings of $1.01 per share on revenue of $1.26 billion.
Will URI Bounce Back? Get Free Trend Analysis Here
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