Today’s Market Focus: Hertz, Hudson City, Citigroup, Intel, Valero Energy, and Research In Motion
VANCOUVER, British Columbia, Aug. 28, 2012 /PRNewswire-Asia/ — EarningForecast.com has issued consensus earnings forecast reports and Equity Research for the following companies: Hertz (NYSE:HTZ), Hudson City (NASDAQ:HCBK), Citigroup (NYSE:C), Intel (NASDAQ:INTC), Valero Energy (NYSE:VLO), and Research In Motion (NASDAQ:RIMM).
(Read full report by clicking the link below, you may need to copy and paste the full link to your browser.)
Hertz Global Holdings, Inc. (NYSE:HTZ): On August 26, Hertz Global Holdings, Inc. (NYSE:HTZ) announced that the company has signed a definitive merger agreement with Dollar Thrifty Automotive Group, Inc. under which Hertz would acquire Dollar Thrifty in exchange of approximately US$2.3 billion. “We’ll be a stronger global competitive player with a full range of rental options not only in the U.S. but in Europe and other markets given Dollar Thrifty’s strong international presence,” said Mark P. Frissora, Hertz Chairman and Chief Executive Officer. What’s more, Hertz said it also agreed to sell the Advantage business to Franchise Services of North America and Macquarie Capital. The closing of that divestiture is conditioned upon, among other things, Hertz completing an acquisition of Dollar Thrifty. Share prices of Hertz have traded as high as US$16.64 per share and as low as US$7.80 in the past 52 weeks. By the end of Monday’s trading, shares of Hertz trades have gone up 8.06% to US$14.21 with heavy volume traded. There were 35.34 million stock shares traded, which was 5.8 times more than average volume. Do you think now is a good time to buy or sell the stock? See HTZ earnings forecast report here.
Read Full Report: http://www.earningforecast.com/PR/082812A/HTZ/Hertz.pdf
Hudson City Bancorp, Inc. (NASDAQ:HCBK): On August 27, Hudson City Bancorp, Inc. (NASDAQ:HCBK) announced the company has signed a definitive agreement with M&T Bank Corporation (“M&T”) under which Hudson City will merge into a subsidiary of M&T, expanding the premier community banking franchise in the eastern United States. The transaction is valued at about US$3.7 billion. After the transaction is completed, Ronald E. Hermance, Jr., Hudson City Chairman and CEO, will be named to the Boards of Directors of M&T and its principal banking subsidiary, M&T Bank. Abnormal trading volume of Hudson City was found on August 28 reaching 84.78 million shares, 22 times heavier than usual day trading. Shares of Hudson City gained 15.6% to US$7.45. Do you think Hudson City will continue to advance? Do you think now is a good time to sell the stock? Investors could check HCBK earnings forecast report here.
Read Full Report: http://www.earningforecast.com/PR/082812A/HCBK/HudsonCity.pdf
Citigroup Inc. (NYSE:C): Citigroup Inc. (NYSE:C) recently appointed former “America’s Top Model” Contender Stolz as the Vice President of equity derivative sales. Stolz, who has been working in the equity derivative office at New York based BTIG since 2010, has declined to comment on the new appointment. ended lower by US$0.14 (-0.47%) to US$29.69 with more than 24.80 million shares exchanged hands for the session, compared to its average volume of 33.36 million shares. Observing comprehensive analysis of Citigroup could help investors avoid big lost in investment. Check C earnings forecast report below.
Read Full Report: http://www.earningforecast.com/PR/082812A/C/Citigroup.pdf
Today EarningForecast.com also observed abnormal trade volume for the following companies; insiders may involve trading in these companies. Check out the consensus earnings forecast reports below:
Intel Corporation (NASDAQ:INTC):
Read Full Report: http://www.earningforecast.com/PR/082812A/INTC/Intel.pdf
Valero Energy Corporation (NYSE:VLO):
Read Full Report: http://www.earningforecast.com/PR/082812A/VLO/ValeroEnergy.pdf
Research In Motion Limited (USA) (NASDAQ:RIMM):
Read Full Report: http://www.earningforecast.com/PR/082812A/RIMM/ResearchInMotion.pdf
Insider Filing Source Reference: All observations, analysis and reports are based on public information released by the U.S. Securities and Exchange Commission.
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