Industrial Goods: General Electric (NYSE:GE) Getting Closer to Obtain Avio SpA, CEMEX (NYSE:CX) Hosting Webcast Presentation

  on Nov 26,2012 Posted in Business News ,Featured
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General Electric Co. (NYSE:GE) is planning to purchase Italian defense firm Avio SpA from takeover company Cinven Ltd., which refused a previous deal from two private-equity funds, as per reported by people closely related with the issue.

CVC Capital Partners Ltd. and Clessidra SGR SpA do not intend to think again over their bid of almost 3 billion euros ($3.9 billion) for Avio, the people stated, who refused to be identified as the talks were confidential, leaving GE to track the takeover.

General Electric Company (NYSE:GE) moved up +1.74% with the closing price of $21.04. The overall volume in the last trading session was 35.46 million shares. Its fifty two week range was $14.68-$23.18. The total market capitalization remained $220.63 billion.

GE is ahead of its 52 week low with 48.34% and its last month’s price volatility remained 1.75%. Its beta coefficient was 1.61 with a target price of $24.71. GE has institutional ownership remained 55.59%. Company’s current year earnings per share grew with 7.36% while the five years EPS growth rate was -8.01%.

CEMEX, S.A.B. de C.V. (CX), declared on Friday that CEMEX USA would host a half-day audio webcast presentation on Tuesday, November 27, 2012, beginning at 9:30 AM EST in which members of CEMEX USA’s management would talk about the US market, its operations and other associate dtopics, and which might contain significant information for CEMEX’s shareholders.

In last trading session, Cemex SAB de CV (ADR)(NYSE:CX) reported the gain of +0.33% to close at $9.09 and its overall traded volume was 11.39 million shares, more than the average volume of 14.24 million.

CX has earnings per share of -$1.38 with the net profit margin of -8.32% and operating margin of 5.94%.

The Boeing Company (NYSE:BA) surged +0.81% and closed at $73.74 in last trading session. The overall traded volume was 1.58 million shares. Stock’s52 weeks high price was $77.83 and 52 weeks low price was $62.12.

In its share capital BA has 754.08 million outstanding shares while 751.81 million shares have been floated in market. Company’s current year earnings per share grew with 19.73% while the five years EPS growth rate was +13.44%.

Standard Pacific Corp. (NYSE:SPF) has now dropped about -12.12% from its record high price level, and has advanced by 118.87% for this year. It closed at $6.96, trading 21.13% aboveits 200 day moving average and 2.01% above its 20 day moving average. Latest close brings its distance from its 52-week low at +150.36%. The stock has a PE ratio of 43.50 and their market value is $1.47B.

US Eaton Corp. received EU acceptance on Friday for its planned $11.8 billion acquisition of electrical products manufacturer Cooper Industries PLC’s.

The European Commission, the bloc’s antitrust expert, reported it has determined that buyers would continue to have alternative suppliers of electrical products.

As of latest close, Eaton Corporation (NYSE:ETN) shares are up about 1.68% for 2012 and topped out a 52-week high of $53.06 (Feb 29, 2012). Since then, it has retreated 0.33% but stands 44.19% above 52-week low. The shares advanced above the 200-Day SMA ($44.25) and are now sitting 8.91% above 50-day SMA. The performance measured for the month was +11.89% and weekly performance appeared at +6.88%.



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