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Zacks Analyst Blog Highlights: Caterpillar Inc., Rogers Communications Inc., Comcast Corp., Time Warner Cable Inc. and Verizon Wireless

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December 02, 2009 | Comment(s): 0
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CAT | RCI | CMCSA | TWC | VZ

For Immediate Release

Chicago, IL – December 2, 2009 – 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: Caterpillar Inc. (CAT - Analyst Report), Rogers Communications Inc. (RCI - Analyst Report), Comcast Corp. (CMCSA - Analyst Report), Time Warner Cable Inc. (TWC - Analyst Report) and Verizon Wireless (VZ - Analyst Report).

Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=5513

Here are highlights from Tuesday’s Analyst Blog:

Caterpillar Expands Presence in Asia

Caterpillar Inc. (CAT - Analyst Report) announced its plans to acquire a subsidiary of Jinsung T.E.C. Co., Ltd., a South Korea-based manufacturer that specializes in producing undercarriage components for earthmoving and other off-road machinery. The company did not provide the terms of the deal, but said that the acquisition is expected to close in early 2010.

Jinsung T.E.C currently supplies Caterpillar with rollers, idlers and metal-faced seals used on a wide range of Caterpillar machines. The acquisition of its subsidiary, JCS Co., Ltd., will improve Caterpillar's supply chain and component capacity.

This acquisition supports Caterpillar's long-term plans of expanding machine capacity in Asia. This acquisition provides Caterpillar with its first manufacturing facility in South Korea. The company already has manufacturing facilities in the other key emerging markets in the Asia-Pacific region -- China, India, Indonesia and Australia. The company is focused on growing its customer base in the emerging markets.

Caterpillar sees an improved outlook for 2010. The company said that it is already witnessing growth in China. Asserting its optimistic outlook, the company recently announced plans to increase its machinery prices by 2% effective January 2010.

Though the company expects 2009 sales to decline more than 35% year-over-year, it anticipates an improvement in its top-line in 2010. The company forecasts a 10% to 25% increase in sales for 2010, compared to the midpoint of the 2009 outlook range.

TV Everywhere with Rogers

Rogers Communications Inc. (RCI - Analyst Report) has started its TV Everywhere service, named “On Demand Online” in Canada, offering more than 1,000 hours of content from almost 50 broadcast and cable programming partners. TV Everywhere is basically a broadband video service that will enable pay-TV subscribers to watch premium cable programming online over broadband networks. Preference for video-on-demand (watching movie on the Internet) has increased significantly among customers. In addition, demand for online gaming and downloading of various multimedia applications has also gone up.

With TV Everywhere, the cable TV subscribers will have access to any entertainment content developer’s library on his/her computer, notebook and mobile handset through an easy and quick authentication system that will link their pay-TV subscriptions to watch cable programming using a broadband connection. Any customer with a Rogers account can visit rogersondemand.com and register to experience the “On Demand Online” content free from any streaming Internet connection within Canada.

In recent times, the broader infotainment and communications market has become highly competitive. Competition arises from both within the industry as well as from large telecom operators. In view of this competitive threat, TV Everywhere business model is gaining popularity among the North American cable MSOs. Comcast Corp. (CMCSA - Analyst Report), the largest cable operator in the U.S. will start its “on Demand Online” services from mid-Dec. Time Warner Cable Inc. (TWC - Analyst Report) and telecom giant Verizon Wireless (VZ - Analyst Report) have also decided to start the trial run of their own version of TV Everywhere services.

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About Zacks Equity Research

Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.

Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.

Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today: http://at.zacks.com/?id=5517

About Zacks

Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leonard Zacks. As a PhD in mathematics 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=5518.

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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.

Contact:
Mark Vickery
Web Content Editor
312-265-9380
Visit: www.zacks.com

 

 

Read the full analyst report on CAT

Read the full analyst report on RCI

Read the full analyst report on CMCSA

Read the full analyst report on TWC

Read the full analyst report on VZ

 

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