Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

Stocks to Watch: Alcan, BEA, Burger King, Google, UPS, Yahoo


All along the watchtower...


Stocks to watch for Thursday, May 18:

  • Alcan (AL) AL CEO Evans said co pursuing acquisitions downstream more than upstream; aims for more acquisitions in China.
  • BEA Systems (BEAS) reports Q1 EPS $0.12 on revenues of 323.2mln, vs. Reuters 321.8mln and $0.10 expected.
  • Burger King (BKC) will begin trading today; priced its initial public offering at $17 a share, the high end of its indicated range.
  • Claire's Stores (CLE) warned earlier this month; then produced an as-expected flat quarter, blaming the timing of Easter.
  • Gold Fields (GFI) said workers strike at two African mines; said 75% of workers stay away from Beatrix mine, 65% at Kloof mine.
  • Google (GOOG)/ KDDI (Japan) announced company's in pact to offer internet search via mobile handset starting from July.
  • Healthsouth (HLSH) announced company reaches non-prosecution agreement with US DOJ relating to accounting fraud by former management.
  • Intercontinental Exchange (ICE) announced it will start trading 10 new fuel oil and tanker derivative contracts in mid June.
  • Knight Ridder (KRI) reported April ad revenues up 2.3%; optimistic that May will reinvigorate the quarter; May showing stronger results.
  • (NTES) announced board ok's $50m stock buyback program.
  • UPS (UPS) announced a $1 billion expansion at its main air hub in Louisville, Ky., that will add more than 5,000 jobs.
  • Rio Tinto (RTP) announced company in iron ore supply pact with Japanese steel mills for prices up 19% year-on-year.
  • Ultra Petroleum (UPL) board approves share repurchase of ip to $1 billion.
  • Yahoo (YHOO) is making several strategic "big bets" for the next five years to embrace new technologies and is planning to roll out its new search-advertising ranking system in fourth quarter.

Market Update

  • Asian trading closed lower with the Hang Seng dropping -2.10% while the Nikkei gave back -1.35%.
  • A look at the European bourses finds the CAC +0.15%, DAX +0.40% and FTSE -0.14%.
  • Crude oil is trading -0.19 to 68.50 while gold is -4.3 to 687.5 so far this morning. For their part, stateside futes are above fair value.


Minyanville contributors may trade securities that are discussed on the site, both before and after the articles are published and/or may have a position in such securities for either personal or firm account(s). Minyanville contributors will indicate whether he or the firm has a position in stocks or other securities in any of the companies he discusses in an article. He will not disclose his or the firm's ownership of any securities issued by companies that are not discussed in an article. The disclosures will be accurate as of the time of publication of an article and may change at any time thereafter without notice to the reader.

The information on this website reflects an analysis of market conditions by Minyanville contributors and should not be interpreted as or deemed to be a recommendation to any investor or category of investors to purchase, sell or hold any security. Any investment decisions must in all cases be made by the reader or by his or her investment adviser. Minyanville contributors will not respond to requests for individual and specific investment advice.

The views expressed on this website are solely those of the writers whose articles appear on this site and do not necessarily reflect the views of the Fund or of any other person except where expressly indicated.

Copyright 2006 Minyanville Publishing and Multimedia, LLC. All Rights Reserved.

< Previous
  • 1
Next >
No positions in stocks mentioned.

The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.

Featured Videos