Read/Post Comments (0) | Recommended this article (0)
Please login to Zacks.com or register to post a comment.
Zacks' 7 Best Stocks
for June, 2013
FREE Report for Zacks.com
Visitors Only
Visitors Only
They're hand-picked from the list of Zacks Rank #1 Strong Buys. Our experts predict that their prices will jump the soonest.
Today, you can see them free.
- Latest News
- Most Popular
- What is the Stock Market's Achilles Heel?
- 3 Dividend Stocks at Reasonable Prices
- RTI: Are You Doing the Elon Musk Trade?
- Buy These ETFs to Profit from "Sector Rotation"
- Oil & Gas Industry Stock Outlook - May 2013
- Uncharted Territory
- 4 Ways to Short Oil with ETFs
- Options Strategies & the Zacks Rank
- This Week's Growth & Income Stocks
- PFP 5/20: Will We Touch 1700?
- AWS 5/17: The Fed: The Only Game in Town
Recent Quotes
| No Recent Quote currently available |
My Portfolio
|
My Portfolio Tracker One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts. Set yours up today. |
More Zacks Resources
Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.
Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.
Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.
My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.
Zacks #1 Stocks on the Move 05/17/2013
| Company Name | Symbol | %Change |
|---|---|---|
| VIASAT INC | VSAT | 19.35% |
| OLD SECOND B | OSBC | 5.76% |
| GAMCO INVEST | GBL | 4.61% |
| CORNING INC | GLW | 4.47% |
| SYNCHRONOSS | SNCR | 4.23% |
Quick Links
Resources
Client Support
Zacks Research is Reported On:
Zacks Investment Research
is an A+ Rated BBB
Accredited Business.
Copyright 2013 Zacks Investment Research
At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1986 it has nearly tripled the S&P 500 with an average gain of +26% per year. These returns cover a period from 1986-2011 and were examined and attested by Baker Tilly, an independent accounting firm.
Visit performance for information about the performance numbers displayed above.
NYSE and AMEX data is at least 20 minutes delayed. NASDAQ data is at least 15 minutes delayed.
This page is temporarily not available. Please check later as it should be available shortly. If you have any questions, please email customer support at support@zacks.com or call 800-767-3771 ext. 9339.
WESCO International, Inc. ( WCC - Analyst Report ) announced its acquisition of British Columbia-based Trydor Industries (Canada) Ltd. for an undisclosed amount. The deal is expected to be closed in July.
Trydor Industries has year-to-date sales of approximately $35 million, with offices in Surrey, Calgary and Edmonton. The company distributes high-voltage electrical products and services for transmission, substation and other network needs of utilities, independent power producers and utility contractors in Canada.
The Trydor acquisition will bolster WESCO’s presence in Canada through the expanded utility business and customer base. WESCO has been operating in the Canadian market since 1922 with about 1,100 employees. In 2011, the company generated approximately 15% of revenue in Canada with annual sales of $900.6 million ($682.4 million in 2010 or up 32% year over year). In October, WESCO had acquired Brews Supply, Ltd. a distributor of industrial, utility and commercial products with the same intention to strengthen its industrial and utility market position in Canada.
The acquisition is also expected to be accretive to WESCO’s earnings. It will likely add 5 cents per share to the company’s profit in the first year of operation. Wesco posted earnings of $3.96 per share in 2011.
WESCO is quite active on the M&A front. Including Trydor, the company has made six acquisitions in the past 21 months. The earlier five acquisitions together had annualized sales of approximately $460 million as of their respective closing dates.
The last acquisition was of RS Electronics in January, which expandedWES CO’s industrial OEM customer base and enhanced its electronic-based product offerings. The company’s acquisition pipeline remains quite robust with opportunities to further expand and strengthen its portfolio.
WESCO is one of the largest suppliers and distributors of electrical construction products in the United States. The company’s first-quarter earnings and revenue were up a respective 39.0% and 12.0% year over year. The growth was aided by acquisitions and an additional workday in the quarter. WESCO competes with Anixter International Inc. ( AXE - Snapshot Report ) and W.W. Grainger Inc. ( GWW - Analyst Report ) .
Currently, WESCO has a Zacks #3 Rank, implying a short-term Strong Hold recommendation.
Read the full reports :
Analyst Report on WCC
Analyst Report on GWW
Snapshot Report on AXE