For Immediate Release
Chicago, IL – May 25, 2012 – 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 Eaton Corporation ((ETN - Analyst Report) ), Cooper Industries (), Facebook (FB - Analyst Report) , Apple (AAPL - Analyst Report) and Sotheby's ((BID - Snapshot Report) ).
Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: https://at.zacks.com/?id=5513
Here are highlights from Thursday’s Analyst Blog:
America’s Oldest Companies
Earlier this week, on May 21, Eaton Corporation ((ETN - Analyst Report) ) announced it was buying Cooper Industries () for $11.8 billion. In this Facebook (FB - Analyst Report) and Apple (AAPL - Analyst Report) obsessed world, you may never have heard of either company. Both are involved in power generation, including electrical grids and hydraulic systems.
But I was more intrigued by the age of both companies. Eaton was founded in 1911 and made the first gear driven rear truck axle. That would make it 101 years old.
Cooper was founded in 1833 in Ohio. Back then it made plows, hog troughs, kettles and stoves. It has re-made itself many times over the decades into the electrical products company it is today. Not too shabby for a 179 year old.
Other "old" companies have also expanded beyond their original intent and have thrived.
The Oldest Of The Old
But the oldest of them all is one that hasn't changed its business model much since it started in 1744.
The auction house Sotheby's ((BID - Snapshot Report) ) was incorporated in 1983 but it then bought Sotheby Parke Bernet Group Limited, which was founded in 1744 and had been publicly traded in the United Kingdom. As a successor to the original company, that makes Sotheby's the oldest publicly traded company on the New York Stock Exchange.
The 268 year old company just sold Edvard Munch's "The Scream" painting for the highest price of any work of art at auction. It sold for $119.9 million.
Why do some companies not only survive, but thrive, through wars, depressions, assassinations and changing tastes and technologies?
Want more from Zacks Equity Research? Subscribe to the free Profit from the Pros newsletter: https://at.zacks.com/?id=5515.
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: https://at.zacks.com/?id=5517
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leon 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 https://at.zacks.com/?id=5518.
Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Follow us on Twitter: http://twitter.com/zacksresearch
Join us on Facebook: http://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts
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.
Zacks Investment Research
800-767-3771 ext. 9339