GameStop Corp. (GME)
The video game industry, of which <b>GameStop Corp.</b> (<a href="http://www.zacks.com/stock/quote/gme">GME</a>) is a part, had surged ahead for a number of years, but is now grappling with the recession. Heavy job losses and reduced access to credit markets have led to lower discretionary spending. This has resulted in lower demand for video game consoles and new software. <p> Moreover, the cut-throat competition from big-box companies is also weighing upon GameStop's results. These unfavorable backdrops were evident from the company's sluggish holiday sales season, which prompted management to lower its comparable-store sales and earnings guidance. <p> Thus, we maintain an Underperform rating on the stock until we see an upturn in the company's growth trajectory.Arthur Hill: DOW ETF FIRMS NEAR SUPPORT (DIA) – PULLBACK HITS FIRST TEST (,) – LESS THAN 50% OF STOCKS ABOVE THEIR 50-DAY SMAS – COMMODITIES REMAIN UNDER PRESSURE (DBC,DBA,DBB) – AMGEN AND GILEAD LIFT BIOTECHS (BBH,AMGN,GILD)
[[http://stockcharts.com/members/videos/|Link for today’s video.]] After becoming oversold with last week’s decline, stocks firmed over the last three days. Important support levels are coming into...Investing for Beginners: Avoid the Tempting Scams
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Inception Media Group to Acquire Trinidad Media Services
Leading Digital Distribution Service Provider Certified by All Major Online, Broadcast Media and VOD Platforms to Electronically Deliver Content
SNM Global Holdings Completes Acquisition of GF Investments
ORLANDO, FL--(Marketwire - January 27, 2010) - SNM Global Holdings (
"Robert and Bryan are industry veterans with a keen knowledge of the music and entertainment business and with LGN Entertainment Distribution and GF Investments working together we will be a major force in the independent distribution arena," stated Steve Lane, President of SNM Global Holdings.
Green Oasis Environmental Inc. Completes Acquisition of Salt Water Disposal Facilities (SWD)
EDMONTON, AB--(Marketwire - January 27, 2010) - Green Oasis Environmental Inc. (
Oracle Completes Acquisition of Sun
REDWOOD SHORES, CA--(Marketwire - January 27, 2010) - Oracle Corporation (
Oracle will host an all-day live event, which also will be webcast for customers, partners, press and analysts today at 9:00 AM Pacific time, at its headquarters in Redwood Shores, California. Details are available at www.oracle.com/sun.
SolarWinds Extends Orion Product Family to Include Storage and Virtualization Management
Acquisition of Assets From Tek-Tools, a Leader in Storage Resource Management, Will Enable SolarWinds to Offer End-to-End Management of Network, Application, and Storage Performance for Today's Virtualized IT Environments
ABB (ABB): Decades of growth for infrastructure leader
"It is estimated that countries around the world are set to spend between $25 and $30 trillion of fresh infrastructure investment over the next two decades," says Keith Fitz-Gerald.
In his The Money Map Report, he explains, "As the de facto global leader providing all things related to power and automation technology, ABB Ltd. (NYSE: ABB) is poised to potentially ride a 20-year wave of extraordinary profits."
"Creating, managing, and delivering electricity really amounts to the critical lifeblood of a city, a region, or a specific site project.
"And because of that, governments and industries alike aren't very likely to stray away companies with bulletproof track records.
"The stakes are just too high to take a chance on anyone other than the very best - and ABB definitely qualifies as one of the very best in the world at what it does.
"For example, Zurich-based ABB recently won an order worth $48 million from the SEPCO III Electric Power Construction Corporation - a leading Chinese EPC (Engineering, Procurement, Construction) company.
"The deal will entail ABB to deliver a substation for a new power plant in Saudi Arabia that will deliver electricity from the 1,200 megawatt Rabigh power plant located 150 kilometers north of Jeddah to industrial and residential customers in the region.
"For the project, ABB will design, supply, install and commission the 380 kilovolt (kV) substation, which will include gas-insulated switchgear, a range of circuit breakers including the generator circuit breaker as well as the control, protection and telecommunication equipment necessary to keep the stuff humming - pun absolutely intended.
"Substations like the one ABB will build in Saudi Arabia are key installations in the power grid. When complete, the substations transform voltage levels and facilitate efficient transmission and distribution of electricity.
"And as everyone knows, having reliable electricity is at the key of any properly functioning city - or countryside, or desert for that matter.
"Currently ABB is the world's leading supplier of air- and gas-insulated substations, with more than 10,000 installed worldwide. It is the company's worldwide reach that puts them at the forefront of the "global" infrastructure build-out forecasted for the next 20 years - and in our portfolio.
"Further, in December, ABB announced that the company had won a $70 million order from Transport for London, to build a new bulk supply point substation to power the London underground rail system.
"The project is part of London's plan to upgrade power supply to the underground railway lines and support the introduction of new rolling stock.
"As part of the project, ABB will design, supply, install and commission the substation along with supplying products that include 22 kilovolt (kV) and 11kV switchboards as well as coupling transformers.
"In addition, ABB will install about 20 kilometers of 22kV and 11kV power cable in the tunnels and ducts.
"Both of these projects underscore a couple of ABB's fundamental strengths: extensive experience in the specific project types and a familiarity with the local project by virtue of already having worked in the region.
"Both of those are huge benefits for ABB because of the high dollar amounts of the projects and the high importance of the projects to the surrounding communities.
"If you are new to the Money Map Report, or if you haven't already done so, take this opportunity to begin assembling a position in ABB, and plan on holding on to the position for at least 12 months, maybe even as long as 20 years. We think you'll be as happy with the results."
Nucor (NUE): Turnaround in steel?
"Nucor Corp. (NYSE: NUE) is a is a potential turnaround play," says Sy Harding in his financial newsletter service, The Long and Short Stock Advisor.
He explains, or "Nucor manufactures steel and steel products, is in fact the largest such producer in the U.S. based on revenues." Here, he looks to a recovery of the steel sector and the stock.
"It has suffered from the recession as manufacturing and construction has plummeted. From earnings per share of $4.98 in 2007, and $6.01 in 2008, Nucor swung all the way to a loss of $1.13 a share in the first nine months of this year on a big 58% plunge in revenues.
"With the economy recovering and Washington embarked on efforts to produce jobs, which includes focusing on road and bridge upgrades and expansion, the steel industry is probably due to pull out of its down cycle.
"Meanwhile, the industry-wide slump in demand has run U.S. steel inventories to a historically low level according to the Metals Service Center Institute.
"Nucor has been successful in cutting its costs enough that quarterly losses were at their worst in the first quarter of the year, at $.60 a share, and have been less with each subsequent quarter, the company losing only $.10 a share in its September quarter.
"The company recently said it expects to break the pattern of three quarterly losses with a 'breakeven to slightly positive' performance this quarter.
"Meanwhile, research firm Value Line is forecasting a return to slight profitability in the current quarter, $3 a share for the full year next year, and a return to aggressive long-term growth and earnings of $8 a share in the 2012-2014 period.
"Nucor has a history of building steel mills inexpensively and operating them very efficiently with a well-paid but mostly non-union work force.
"The company has a very strong balance sheet, with a high level of cash, which has allowed its success with acquisitions to continue, as it also continues to take market share away from less efficient competitors.
"On the technical analysis side, Nucor is rising off a trendline of support at the bottom of a rising trading band. It has just broken out above its 20-week moving average. MACD, which has provided quite timely buy and sell signals in the past, has triggered a new buy signal.
"And the stock‟s Internal Strength Index is rising and still has quite a ways to go if it is headed for its overbought zone.
"We believe Nucor is a worthwhile turnaround play, provided the economy continues to recover. We have an upside target of 60, and suggest a mental protective stop at 38.50"