Archive for 'Zacks'

Zacks Enters Long Term Partnership With WRDS

The Wharton School of the University of Pennsylvania and Zacks Investment Research, Inc. a leading provider of research, historical market data and workflow solutions announced today that Wharton Research Data Services (WRDS) will now carry the Zacks data on its platform. The select datasets consist of earnings, sales estimates and surprises, pre-announcements, analyst ratings, and target prices for all listed and non-listed issues. WRDS is the leading, comprehensive, internet-based data research service used by academic, government, and corporate firms.  The Zacks database will be hosted on the powerful WRDS Cloud, optimized to effectively meet research needs for the extraction and analysis of financial and economic data.

“Zacks is proud and honored to commence this long-term partnership with WRDS,” said Ausra Di Raimondo, EVP of Academic/Non-Profit data services at Zacks. “This type of data plays a critical role in in-depth academic equity trading research and corporate analytics and back-testing strategies. We are excited to be recognized by WRDS as a valuable data partner in fulfilling its mission to continue to be the leading business intelligence tool for a global research community.”

Robert Zarazowski, WRDS Senior Director, added, “”WRDS is delighted to announce this partnership with Zacks Investment Research. Their data enhances the depth and breadth of analyst databases available through WRDS, and allows us to complement our existing products to meet the needs of academic researchers and commercial clients. The value of Zacks data have been proven over the years, as research work using Zacks’ data have been published in both premier academic journals and widely circulated practitioner oriented publications.”

About WRDS

Wharton Research Data Services (WRDS) is the leading, comprehensive, internet-based data research service used by academic, government, non-profit institutions, and corporate firms. WRDS provides the user with one location to access over 200 terabytes of data across multiple disciplines including Finance, Marketing, and Economics. WRDS provides flexible data delivery options including a powerful web query method that reduces research time.  WRDS provides flexible data delivery options including a simple but powerful web query method, and provides Researchers with the ability to reduce their research time and execute strategy development on the powerful WRDS Cloud.  Developed in 1993 to support faculty research at The Wharton School of the University of Pennsylvania, WRDS has since evolved to become the standard tool for a global research community of 30,000 users at over 300 institutions in 27 countries. http://wrds.wharton.upenn.edu

About The Wharton School

The Wharton School of the University of Pennsylvania — founded in 1881 as the first collegiate business school — is recognized globally for intellectual leadership and ongoing innovation across every major discipline of business education. The most comprehensive source of business knowledge in the world, Wharton bridges research and practice through its broad engagement with the global business community. The School has 5,000 undergraduate, MBA, executive MBA, and doctoral students; more than 9,000 annual participants in executive education programs; and an alumni network of 88,000 graduates.

About Zacks

Zacks Investment Research, based in Chicago, Ill., has been a leading provider of research, market data, and quantitative models to institutional investment management firms in the US and Canada for over 30 years. Recognized for quality, consistency and reliability, Zacks provides institutional and individual investors with the analytical tools and financial information necessary to the success of their investment process. Founded in 1978, Zacks’ early contribution to investment analysis was the discovery that earnings per share estimate revisions are the most powerful force affecting stock prices. This discovery is built into the Zacks Rank proprietary methodology for predicting stock price performance. The Zacks Rank has produced average annual returns in excess of 28% since 1988. The premier source of analysts’ earnings forecasts, today Zacks produces data feeds for estimates, ratings, earnings report data, fundamental data, and institutional holdings for US and Canadian traded equities, as well as investment research reports and research software tools for investors. For more Zacks expertise, look for Dr. Zacks “The Handbook of Equity Market Anomalies: Translating Market Inefficiencies into Effective Investment Strategies” which will be in bookstores on October 4th, 2011. To learn more about performance information, please go to http://www.zacks.com/performance/.

Wharton Research Data Services (WRDS) Contact:
Robin Gold – 877-438-9737, wrds@wharton.upenn.edu

Zacks Contact:
Ausra Di Raimondo – (312) 265-9214, adiraimondo@zacks.com

http://www.zacks.com

Gold Market: Zacks Latest Highlights

Today, Zacks Equity Research discusses the Metals & Mining industry, including: Barrick Gold Corporation (NYSE: ABX), Agnico-Eagle (NYSE: AEM), Goldcorp Inc. (NYSE: GG), Newmont Mining Corporation (NYSE: NEM) and Kinross Gold Corporation (NYSE: KGC).

A synopsis of today’s Industry Outlook is presented below. The full article can be read at http://www.zacks.com/stock/news/56261/Metals+%26amp%3B+Mining+Stock+Outlook+-+July+2011

Global gold demand in the first quarter of 2011 totaled 981.3 tons, up 11% year over year from 881.0 tons in the first quarter of 2010. This was largely attributable to the widespread rise in demand for bars and coins, supported by an improvement in jewelry demand in key markets.

The quarterly average gold price hit a new record of $1,386.27/oz (London PM Fix), its eighth consecutive year-over-year increase. Despite a period of price consolidation in the early part of the quarter, it climbed to record highs throughout March and has continued to achieve new highs in April and May.

Gold remained a coveted asset given its long-term supply and demand dynamics and influenced by macro-economic factors. Concerns regarding economic growth in developed countries made gold an attractive and safe investment option. The European sovereign debt crisis made European investors use gold as a currency hedge. Pressure on the US dollar against various currencies coupled with higher inflation expectations in many countries, including India and China, also pushed up gold prices.

The value and wealth preservation attributes of gold continue to attract investors and consumers. Jewelry and investment demand in non-Western markets continues to rebound while industrial demand has started to recover in response to an improvement in economic conditions. India, which alone consumes nearly 45%−50% of the world gold production, should drive demand for gold along with China. The Chinese gold demand is expected to double in 10 years.

Even though gold price dropped 7% in January this year, it again recorded a rise in February. We believe gold demand and prices will strengthen in 2011. As China and India continue to grow rapidly, their demand for gold will also rise in tandem.

Higher prices bode well for gold producers, which should benefit giants such as Barrick Gold Corporation (NYSE: ABX), Agnico-Eagle (NYSE: AEM) and Goldcorp Inc. (NYSE: GG). However, gold producers like Newmont Mining Corporation (NYSE: NEM) and Kinross Gold Corporation (NYSE: KGC) suffer from lower ore grades that subdue production levels, increase mining costs and offset the benefits of rising gold prices.

Overall, the stock prices of gold producers are not expected to benefit much from this favorable commodity-price backdrop. This is reflected in our overall long-term neutral views on the stocks. As major economies continue to recover, investors’ confidence will be restored to invest in stock markets, which could cause gold prices to fall. However this is not going to happen in the near future. We have a Zacks #3 Rank (Hold) on Barrick Gold, Agnico-Eagle, Goldcorp, Kinross Gold Corporation and Newmont Mining.

Zacks “Profit from the Pros” e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today by visiting http://at.zacks.com/?id=2679.

About Zacks

Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leonard Zacks. As a PhD from MIT Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it’s your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros at http://at.zacks.com/?id=4581.

Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.

Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.

Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
support@zacks.com
http://www.zacks.com

http://www.zacks.com

Top Stock Market Picks From Zacks

Stock Market Picks

Stock Market Picks-Image via Wikipedia

Four free stock picks are being made available today on Zacks.com. The industry’s leading independent research firm highlights one Zacks #1 Rank Strong Buy or a Zacks #2 Rank Buy stock for each of the four main styles of investing: Aggressive Growth, Growth & Income, Momentum, and Value.

The four highlighted picks are: Atmel, Corp (Nasdaq: ATML), Copa Holdings, S. A. (NYSE: CPA), Foot Locker, Inc. (NYSE: FL) and Kraton Performance Polymers, Inc. (NYSE: KRA)

Today, Zacks is promoting its ”Buy” stock recommendations. Four daily picks are offered free. http://at.zacks.com/?id=88

From 1988 through the present – a period that included serious corrections and recessions – the Zacks #1 Rank Stocks have nearly tripled the market with a fully documented average gain of +28% per year.

Here is a summary of today’s selected stocks that are now highly rated by Zacks:

Aggressive Growth – Atmel, Corp (Nasdaq: ATML)
Atmel, Corp posted a record high revenue level last quarter and estimates are on the rise. With shares holding a Zacks #1 Rank (Strong Buy) the stock is poised for a great 2011.

Zacks Guide to Aggressive Growth Investing (free!) – http://at.zacks.com/?id=4309

Growth & Income – Copa Holdings, S. A. (NYSE: CPA)
They say the quickest way to become a millionaire is to start as a billionaire and buy an airline. That may be true in the saturated markets of the developed world, but because of a surging middle class, opportunities abound in the emerging markets.  Copa Holdings, S. A. is one airline that is benefiting from the growth in Latin America. The company is growing earnings as it is able to more than offset rising fuel costs with higher revenues.

Zacks Guide to Growth & Income Investing (free!) – http://at.zacks.com/?id=4310

Momentum – Foot Locker, Inc. (NYSE: FL)

Foot Locker, Inc. is leaping higher like a pole vaulter donning Nike’s latest shoe, recently hitting a new multi-year high after reporting blowout Q1 results that came in well ahead of expectations. With estimates on the rise and strong industry rank, this Zacks #1 rank stock is a momentum baller.

Zacks Guide to Momentum Investing (free!):  http://at.zacks.com/?id=4311

Value – Kraton Performance Polymers, Inc. (NYSE: KRA)

The specialty chemical companies have pricing power. Kraton Performance Polymers, Inc. saw revenue surge 26% in the first quarter as both prices and volumes rose. This Zacks #1 Rank (strong buy) is cheap with a forward P/E of 9.

Zacks Guide to Value Investing (free!) –  http://at.zacks.com/?id=4312

How to Regularly Access Top Zacks Rank Picks for Free – http://at.zacks.com/?id=7154

Underlying the four free stock picks is a simple truth that first appeared in a Financial Analysts Journal article published in 1979. Leonard Zacks, a Ph.D. from M.I.T. found that “earnings estimate revisions are the most powerful force impacting stock prices.” Zacks #1 Rank is awarded to a stock when analysts sharply upgrade their estimates of what the company will earn.

Today, Zacks is promoting its stock recommendations by offering four daily picks free to those who register here: http://at.zacks.com/?id=7155

About Zacks

Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Len Zacks. The company continually processes stock reports issued by 3,000 analysts from 150 brokerage firms.  It monitors more than 200,000 earnings estimates, looking for changes.

Then, when changes are discovered, they’re applied to help assign more than 4,400 stocks into five Zacks Rank categories: #1 Strong Buy, #2 Buy, #3 Hold, #4 Sell, and #5 Strong Sell. This proprietary stock-picking system continues to outperform the market by a nearly 3-to-1 margin.

More Free Stock Picks

Each weekday, new Zacks #1 Rank or Zacks #2 Rank stock picks are released on the free email newsletter, Profit from the Pros. Investors are invited to register for their free subscription here: http://at.zacks.com/?id=91

Follow us on Twitter:  http://twitter.com/zacksresearch

Join us on Facebook:  http://www.facebook.com/ZacksInvestmentResearch

Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.

Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.

Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
support@zacks.com
http://www.zacks.com

Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.

Web Site: http://www.zacks.com

Stock Index for Auto Business Announced

S-Network Global Indexes LLC announced today the launch of a new index that tracks the performance of the global automotive industry: The S-Network Global Automotive Index(SM) (Ticker: AUTOS). Live intraday calculation of the index begins today May 18, 2011. Daily closing values are available from December 31, 2005.

Said Richard Phillips, Senior Index Analyst of S-Network, “AUTOS is designed to serve as a fair and transparent measure of the performance of the global automotive industry. This index comes to the market as international vehicle sales continue to rebound and several automotive manufacturers have recently posted strong profits.”

The modified capitalization weighted, float-adjusted index incorporates 50 constituents engaged in the automotive industry. To be included in the index a company must generate over 50% of gross revenues from the primary automobile industry. The index is rules-based. Information about AUTOS, including rules and index fact sheet, can be found at http://www.snetautoindex.com.

S-Network Global Indexes LLC is the index publisher for AUTOS.

AUTOS has been licensed by Global X Funds to serve as the underlying index for a US listed ETF (Ticker: VROM).

About S-Network Global Indexes LLC.

S-Network Global Indexes LLC is a publisher and developer of proprietary and custom indexes. S-Network, founded in 1997, has specialized in indexes, indexation, and index-based products, including ETFs. More about S-Network can be found at http://www.snetglobalindexes.com.

Media Contact:
Joseph LaCorte
Jlacorte(at)snetworkllc(dot)com
(646) 467-7927

Web Site: http://www.snetglobalindexes.com

Stocks to Sell Now

Zacks.com releases details on a group of stocks that are currently members of the exclusive Zacks #5 Rank List – Stocks to Sell Now. These stocks are currently rated as a Zacks Rank #5 (Strong Sell): The Boston Beer Company, Inc. (NYSE: SAM) and Central European Distribution Corp (Nasdaq: CEDC). Further, Zacks announced #4 Rankings (Sell) on two other widely held stocks: United States Steel Corporation (NYSE: X) and Stepan Company (NYSE: SCL). To see the full Zacks #5 Rank List – Stocks to Sell Now visit: http://at.zacks.com/?id=92

Since inception in 1988, the S&P 500 has outperformed the Zacks #5 Rank List of Stocks to Sell Now by 80% annually (+2% vs. +10%). While the rest of Wall Street continued to tout stocks during the market declines of the last few years, Zacks told investors which stocks to sell or avoid.

Here is a synopsis of why SAM and CEDC have a Zacks Rank of #5 (Strong Sell) and should most likely be sold or avoided for the next one to three months. Note that a #5 Strong Sell rating is applied to 5% of all the stocks in the Zacks Rank universe:

The Boston Beer Company, Inc. (NYSE: SAM) reported first-quarter earnings of 28 cents per share on May 4, which came in nearly 38% short of analysts’ expectations. The Zacks Consensus Estimate for the current year decreased 23 cents to a profit of $2.59 over the past week as 3 analysts out of 4 revised downwards. Next year’s forecast fell 20 cents to $4.21 per share during that period.

Central European Distribution Corp‘s (Nasdaq: CEDC) first-quarter loss of 24 cents per share, announced earlier this month, lagged the Zacks Consensus Estimate by 140%. The Zacks Consensus Estimate for 2010 dropped 4 cents to a profit of $1.04 per share in the last week, which reflected reductions by 1 analyst out of 5. A month ago, the average forecast was pegged at $1.18 per share.

Here is a synopsis of why X and SCL have a Zacks Rank of 4 (Sell) and should also most likely be sold or avoided for the next one to three months. Note that a #4 Sell rating is applied to 15% of all the stocks ranked by Zacks;

United States Steel Corporation (NYSE: X) posted a first-quarter loss of 60 cents per share on Apr 26, which missed the Zacks Consensus Estimate by 22 cents. The full-year average dipped 1.32 to $2.80 per share from $4.12 in the last 30 days as 8 analysts out of 10 slashed estimates.

Stepan Company’s (NYSE: SCL) first-quarter profit of $1.63 per share, reported earnier this month, was 31 cents worse than analysts’ projections. The Zacks Consensus Estimate for 2011 stands at a profit of $7.04 per share, 3 cents less than last month’s forecast as one out of the 2 covering analysts pulled back on expectations. Estimate for the following year fell a penny to a profit of $7.28 per share in that time span.

Truly taking advantage of the Zacks Rank requires the understanding of how it works.  The free special report; “Zacks Rank Guide: Harnessing the Power of Earnings Estimate Revisions” is available to provide this insightful background. Download a free copy now to prosper in the years to come at http://at.zacks.com/?id=93

About the Zacks Rank

Since 1988, the Zacks Rank has proven that “Earnings estimate revisions are the most powerful force impacting stock prices.” Since inception in 1988, #1 Rank Stocks have generated an average annual return of +28%. During the 2000-2002 bear market, Zacks #1 Rank stocks gained +43.8%, while the S&P 500 tumbled -37.6%. Also note that the Zacks Rank system has just as many Strong Sell recommendations (Rank #5) as Strong Buy recommendations (Rank #1). Since 1988, Zacks Rank #5 stocks have significantly underperformed the S&P 500 (2.8% versus +9.7%). Thus, the Zacks Rank system allows investors to truly manage portfolio trading effectively.

Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.

Zacks “Profit from the Pros” e-mail newsletter offers continuous coverage of Zacks Rank Buy stocks and highlights those stocks poised to outperform the market. Subscribe to this free newsletter today by visiting http://at.zacks.com/?id=94

About Zacks

Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Len Zacks. As a PhD from MIT Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros.  In short, it’s your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros at http://at.zacks.com/?id=95

Follow us on Twitter:  http://twitter.com/zacksresearch

Join us on Facebook:  http://www.facebook.com/ZacksInvestmentResearch

Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.

Disclaimer:  Past performance does not guarantee future results.  Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.

Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
support@zacks.com
http://www.zacks.com

Web Site: http://www.zacks.com

Four Free Stock Picks to Buy Now

Four free stock picks are being made available today on Zacks.com. The industry’s leading independent research firm highlights one Zacks #1 Rank Strong Buy or a Zacks #2 Rank Buy stock for each of the four main styles of investing: Aggressive Growth, Growth & Income, Momentum, and Value.

The four highlighted picks are: Kadant Inc. (NYSE: KAI), Northeast Utilities (NYSE: NU), CARBO Ceramics, Inc. (NYSE: CRR) and Westlake Chemical (NYSE: WLK).

Today, Zacks is promoting its ”Buy” stock recommendations. Four daily picks are offered free. http://at.zacks.com/?id=88

From 1988 through the present – a period that included serious corrections and recessions – the Zacks #1 Rank Stocks have nearly tripled the market with a fully documented average gain of +28% per year.

Here is a summary of today’s selected stocks that are now highly rated by Zacks:

Aggressive Growth – Kadant Inc. (NYSE: KAI)

Kadant Inc. continues its impressive streak of topping expectations. The company also guided higher resulting in dramatic upward estimate revisions from analysts.

Zacks Guide to Aggressive Growth Investing (free!) – http://at.zacks.com/?id=4309

Growth & Income – Northeast Utilities (NYSE: NU)

The harsh winter on the East Coast may have frustrated New Englanders, but shareholders of Northeast Utilities aren’t complaining. On May 5, NU reported better than expected first quarter results due in large part to much colder weather.

Zacks Guide to Growth & Income Investing (free!) – http://at.zacks.com/?id=4310

Momentum – CARBO Ceramics, Inc. (NYSE: CRR)

CARBO Ceramics, Inc. recently surged higher into a new all-time high after reporting strong Q1 results that came in ahead of expectations. With an average earnings surprise of 21% over the last four quarters and a bullish growth projection, this Zacks #1 rank stock is a top momentum player.

Zacks Guide to Momentum Investing (free!): http://at.zacks.com/?id=4311

Value – Westlake Chemical (NYSE: WLK)

Westlake Chemical analysts have been significantly raising estimates over the past 3 months. However, shares took a dive on the recent earnings surprise.

Zacks Guide to Value Investing (free!) –  http://at.zacks.com/?id=4312

How to Regularly Access Top Zacks Rank Picks for Free – http://at.zacks.com/?id=7154

Underlying the four free stock picks is a simple truth that first appeared in a Financial Analysts Journal article published in 1979. Leonard Zacks, a Ph.D. from M.I.T. found that “earnings estimate revisions are the most powerful force impacting stock prices.” Zacks #1 Rank is awarded to a stock when analysts sharply upgrade their estimates of what the company will earn.

Today, Zacks is promoting its stock recommendations by offering four daily picks free to those who register here: http://at.zacks.com/?id=7155

About Zacks

Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Len Zacks. The company continually processes stock reports issued by 3,000 analysts from 150 brokerage firms.  It monitors more than 200,000 earnings estimates, looking for changes.

Then, when changes are discovered, they’re applied to help assign more than 4,400 stocks into five Zacks Rank categories: #1 Strong Buy, #2 Buy, #3 Hold, #4 Sell, and #5 Strong Sell. This proprietary stock-picking system continues to outperform the market by a nearly 3-to-1 margin.

More Free Stock Picks

Each weekday, new Zacks #1 Rank or Zacks #2 Rank stock picks are released on the free email newsletter, Profit from the Pros. Investors are invited to register for their free subscription here: http://at.zacks.com/?id=91

Follow us on Twitter:  http://twitter.com/zacksresearch

Join us on Facebook:  http://www.facebook.com/ZacksInvestmentResearch

Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.

Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.

Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
support@zacks.com
http://www.zacks.com

Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.

Web Site: http://www.zacks.com

Resurgence of world markets spurs rapid expansion by global financial services executive search firm

Financial services can be a wild ride – and The WhiteRock Group is enjoying every minute of it.

The veteran Wall Street executive search and placement firm is expanding its domestic and international footprint and deepening its bench to handle soaring demand for experienced financial services executives across a wide variety of disciplines.

“The financial economy is roaring and we are seeing a renewed all-out war for talent,” says Gustavo G. Dolfino, Founder and President of The WhiteRock Group. “In financial centers around the world, major firms are seizing opportunities driven by market dislocation and doing so with a sense of urgency we have not seen in quite a while. As the provider of choice, WhiteRock is there for them.”

The firm – with global headquarters in New York – is expanding aggressively into London, Moscow and Hong Kong.

“We are taking the experience, methodology and vast network of The WhiteRock Group and marrying it with deep local market expertise,” says Dolfino. “The result is an unparalleled capability to serve clients by matching highly qualified candidates with precisely the right opportunity – a win-win for firms and talent alike.”

Dolfino adds: “WhiteRock is a leader in helping senior financial executives take a significant next career step – reinventing themselves, for example, from sell-side to buy-side or from domestic to international. And for our client firms, we actively advise on highly creative compensation packages that ensure all interests are 100% aligned.”

The firm’s innovation in compensation structuring advisory has received extensive coverage on Wall Street, where comp packages are the focus of ongoing discussion. Star performers have bolted from tightly-controlled sell-side firms in favor of hedge funds and asset management firms. The WhiteRock Group helps firms develop highly creative compensation packages that bring in – and retain – the right people by ensuring they are compensated fairly and appropriately.

Says Dolfino: “It used to be ‘get me a person.’ Now it’s ‘get me a person and find me a way to pay him or her, soon.’ Our value as a global financial services executive search firm goes beyond just our network of who we know – it goes right to the heart of how our clients do business.”

Along with adding offices, The WhiteRock Group is also beefing up its own executive team. Major new hires and promotions include:

  • Amit Matta – Promoted to Partner from Managing Director. Prior to joining WhiteRock, Matta worked in risk at JP Morgan, in hedge funds at Societe Generale and was Head of Risk and Strategy at Nikko Asset Management. At WhiteRock he is head of our industry leading capabilities in the areas of risk management, quantitative research and hedge funds.
  • Caroline McDonald – Managing Director and Head of the Technology and Investment Banking Practices. McDonald’s background includes leading roles at HP as Global Director for Financial Services Business Development and CEO for various private equity and venture capital groups.
  • Lise Burkard-Vacca – Managing Director and Head of Markets.  Burkard-Vacca previously was a convertible sales trader at Furman Selz. Ms. Burkard-Vacca is an experienced search professional having previously run her own financial services executive recruitment firm.
  • Vita Dauksaite – Vice President and Deputy Head of Eastern European Practice. An attorney by training, Dauksaite specializes in M&A and finance and comes to WhiteRock from Lithuania’s top law firm – Lideika, Petraukas, Valiunas & Partners.

Finally, in order to better align the firm with client business lines and candidate areas of expertise, WhiteRock has reorganized into eight practice areas:

  • Research – Equities and Fixed Income
  • Sales and Trading – Equities and Fixed Income, encompassing credit and rates
  • Investment Banking – Corporate Finance, M&A advisory
  • Legal and Compliance
  • Global Asset and Wealth Management
  • Alternative Investments – including Hedge Funds, Private Equity and Venture Capital
  • Technology –  specializing in Financial Markets IT
  • Risk Management and Quantitative Analytics

About The WhiteRock Group

WhiteRock leverages deep sector knowledge and worldwide executive network to find the right individual for every opportunity and create win-win situations for hiring companies and candidates. WhiteRock’s managing directors have direct experience working with global financial services firms. This firsthand sector knowledge provides a measurable competitive advantage over typical “headhunters” and leads to successful placements and productive long-term relationships.

Available Topic Expert(s): For information on the listed expert(s), click appropriate link.

Gustavo Dolfino

http://www.profnetconnect.com/gustavo_dolfino

CONTACT: Lourdes Rodriguez, The WhiteRock Group, +1-212-258-2780, lrodriguez@whiterockgroup.com

Illinois Tool Works (NYSE: ITW $58) has been picked by Standard & Poor’s Equity Research as its Focus Stock of the Week.  ITW carries S&P’s highest investment recommendation of 5-STARS, or Strong Buy.

“We believe Illinois Tool Works will post strong organic growth in both 2011 and 2012,” said Mathew Christy, Industrials Equity Analyst at Standard & Poor’s Equity Research.  “This belief is based on the company’s leverage to global economic growth and industrial activity, both of which we see experiencing further expansion.  In our view, the company’s diversified industrial product platform will likely witness continued growth across its business segments while volume throughput leads to margin improvement.”

Christy also thinks that strategic initiatives will help drive future growth and margin expansion for ITW.  For example, he views favorably the company’s shift and focus toward expanding sales in a number of high-growth emerging market regions, including China, India, Brazil, and Russia.  “The company has altered its decentralized business model in recent years and has centralized some operations, such as product innovation and the sharing of product ideas across its segments, which we think will speed new product development and widen margins,” said Mr. Christy.  “Lastly, ITW plans on expanding a number of new product platforms via organic growth and acquisitions.”

To view a video of Mr. Christy discussing ITW, paste the following link into your browser.

http://link.delvenetworks.com/media/?mediaId=6dbc2ab6e6464db5be3f4f6782a6aa35&width=480&height=411&playerForm=DelvePlayer&autoplay=true

About Standard & Poor’s Equity Research Services

As one of the world’s largest producers of independent equity research, Standard & Poor’s licenses its research to global institutions for their investors and advisors.  Standard & Poor’s team of experienced U.S., European and Asian equity analysts use a fundamental, bottom-up approach to assess a global universe of equities across industries worldwide.  Follow Standard & Poor’s equity analysts’ U.S. market commentary each day at http://www.equityresearch.standardandpoors.com/.

Standard & Poor’s keeps certain activities of its business units separate from each other in order to preserve the independence and objectivity of their respective activities. As a result, certain business units of Standard & Poor’s may have information that is not available to other Standard & Poor’s business units. Standard & Poor’s has established policies and procedures to maintain the confidentiality of certain non-public information received in connection with each analytical process. Standard & Poor’s does not trade for its own account.  The analytical and ethical conduct of Standard & Poor’s equity analysts is governed by the firm’s Research Objectivity Policy, a copy of which may also be found at www.standardandpoors.com or by clicking here.

For more information contact:

Marc Eiger, Communications, Tel.: 212-438-1280
marc_eiger@standardandpoors.com

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Dice Holdings, Inc. (NYSE: DHX) today announced a public offering of 8,000,000 shares of common stock by certain stockholders, including affiliates of General Atlantic LLC and Quadrangle Group LLC. The Company will not receive any of the proceeds from the offering of shares by the selling stockholders.

Credit Suisse is acting as the sole underwriter for the offering.

A shelf registration statement relating to the offering of the common stock has previously been filed with the U.S. Securities and Exchange Commission and has become effective. The offering is being made only by means of a prospectus supplement and accompanying prospectus, forming an effective part of the registration statement. Before investing, you should read the prospectus supplement and the accompanying prospectus for information about Dice Holdings, Inc., the selling stockholders and this offering.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. A copy of the prospectus relating to the offering may be obtained from Credit Suisse, Attn: Prospectus Dept., One Madison Avenue, New York, NY 10010, telephone:  800-221-1037.

About Dice Holdings, Inc.

Dice Holdings, Inc. (NYSE: DHX) is a leading provider of specialized career websites for professional communities, including technology and engineering, financial services, energy, healthcare, and security clearance. Our mission is to help our customers source and hire the most qualified professionals in select and highly skilled occupations, and to help those professionals find the best job opportunities in their respective fields and further their careers. For more than 20 years, we have built our company by providing our customers with quick and easy access to high-quality, unique professional communities and offering those communities access to highly relevant career opportunities and information. Today, we serve multiple markets primarily in North America, Europe, the Middle East, Asia and Australia.

Cautionary Statement Regarding Forward-Looking Statements

This press release contains forward-looking statements. You should not place undue reliance on those statements because they are subject to numerous uncertainties and factors relating to our operations and business environment, all of which are difficult to predict and many of which are beyond our control. Forward-looking statements include information concerning our possible or assumed future results of operations, including descriptions of our business strategy. These statements often include words such as “may,” “will,” “should,” “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate” or similar expressions, including without limitation statements under the heading “Management’s Discussion and Analysis of Financial Condition and Results of Operations.” These statements are based on assumptions that we have made in light of our experience in the industry as well as our perceptions of historical trends, current conditions, expected future developments and other factors we believe are appropriate under the circumstances. Although we believe that these forward-looking statements are based on reasonable assumptions, you should be aware that many factors could affect our actual financial results or results of operations and could cause actual results to differ materially from those in the forward-looking statements. These factors include, but are not limited to, competition from existing and future competitors in the highly competitive developing market in which we operate, failure to adapt our business model to keep pace with rapid changes in the recruiting and career services business, failure to maintain and develop our reputation and brand recognition, failure to increase or maintain the number of customers who purchase recruitment packages, cyclicality or downturns in the economy or industries we serve, the failure to attract qualified professionals to our websites or grow the number of qualified professionals who use our websites, the failure to successfully identify or integrate acquisitions, U.S. and foreign government regulation of the Internet and taxation, our ability to borrow funds under our revolving credit facility or refinance our indebtedness and restrictions on our current and future operations under our credit facility. These factors and others are discussed in more detail in the Company’s filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the fiscal year ended December 31, 2010, under the headings “Risk Factors,” “Forward-Looking Statements” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and which is incorporated by reference into the prospectus.

You should keep in mind that any forward-looking statement made by us herein, or elsewhere, speaks only as of the date on which we make it. New risks and uncertainties come up from time to time, and it is impossible for us to predict these events or how they may affect us. We have no obligation to update any forward-looking statements after the date hereof, except as required by federal securities laws.

Investors & Media Contact:

Dice Holdings, Inc.
Jennifer Bewley, 212-448-4181
Director, Investor Relations & Corporate Communications
ir@dice.com
http://www.diceholdingsinc.com

Zacks Releases Analyst Blog

Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Fortune Brands Inc. (NYSE: FO), Diageo plc (NYSE: DEO), Brown-Forman Corporation (NYSE: BF.B), Masco Corporation (NYSE: MAS) and Nike Inc. (NYSE: NKE).

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Here are highlights from Thursday’s Analyst Blog:

Fortune Brands Beats Estimates

Fortune Brands Inc.‘s (NYSE: FO) adjusted earnings of 59 cents a share for the first quarter of fiscal 2011 beats the Zacks Consensus Estimate of 51 cents and rose 20.4% from the prior-year quarter. Earnings, on a GAAP basis, were 52 cents per share compared with 47 cents per share posted in the year-ago quarter.

Higher volumes, new spirits distribution agreement in Australia and favorable currency translations helped the company to report better-than-expected first-quarter 2011 results. However, gains from these items were partially offset by higher commodity costs, divestitures and increased investment in brand creation.

Guidance

The company expects to sustain its growth momentum into fiscal year 2011. Fortune Brands anticipates earnings to grow in the range of high-single-digit to high-teens despite higher commodity costs and investments to support long-term growth.

Besides, management expects the second quarter results to face challenging comparisons against 2010 results. Moreover, management believes that natural disaster in Japan and sale of Cobra in 2010 will affect the second-quarter results by 5 cents.

Business Restructuring

Recently, Fortune Brands announced its intention to split the company into three standalone units, giving investors pure plays in golf, home products and alcoholic drinks. After the separation, the ongoing company will be re-named as Beam Inc. The company’s home products business will retain its name of Fortune Brands Home & Security.

Moreover, the company revealed that it would spin-off its home and security business to shareholders in a tax-free transaction. Fortune Brands’ Golf business will also retain its name, Acushnet Company. The company also plans to either spin-off or sell its golf business.

Consequent to the spin-off, the company will continue to subsist as a publicly traded manufacturer of distilled spirit. This unit has parented brands like Jim Beam bourbon, Courvoisier cognac and Sauza tequila. Fortune Brands looks forward to pull off this strategic restructuring within the next several months.

Besides, the company faces intense competition from well-established players in the market such as Diageo plc (NYSE: DEO) and Brown-Forman Corporation (NYSE: BF.B) in its spirits business and Masco Corporation (NYSE: MAS) in its home and hardware business.

Fortune Brands also encounters competition from Nike Inc. (NYSE: NKE) in the golf business. Further, global competitive conditions have also been intensified. Consequently, risk associated with operating in such a competitive environment may undermine the company’s future operating performance.

Currently, Fortune Brands has a Zacks #4 Rank, implying a short-term ‘Sell’ rating on the stock. Besides, the company retains a long-term ‘Neutral’ recommendation.

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