Critical Earnings Forecast Alerts: American International Group, Morgan Stanley, Barrick Gold, Sprint Nextel, Coca-Cola, and EMC
VANCOUVER, British Columbia, Sept. 13, 2012 /PRNewswire/ — EarningForecast.com has issued consensus earnings forecast reports and Equity Research for the following companies: American International Group (NYSE:AIG), Morgan Stanley (NYSE:MS), Barrick Gold (NYSE:ABX), Sprint Nextel (NYSE:S), Coca-Cola (NYSE:KO), and EMC (NYSE:EMC).
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American International Group, Inc. (NYSE:AIG): Recently, the global insurer American International Group, Inc. (NYSE:AIG) announced that the U.S. Department of the Treasury would sell US$18 billion in American International Group stock, reducing its stake in the company to just over 20%. American International Group also said it has agreed to repurchase 153.8 million shares for approximately US$5.0 billion and the remaining US$13.0 billion worth of stock will be increased through open market operations. Shares of American International Group gapped open sharply higher in the session and closed higher by US$0.35 (equivalent to 1.05%) to US$33.80. There were 83.48 million stock shares traded, which was 3.1 times more than average volume. Do you think now is a good time to buy or sell American International Group? See AIG earnings forecast report here.
Morgan Stanley (NYSE:MS): On September 11, Morgan Stanley (NYSE:MS) announced it has entered an agreement with Citigroup, under which Morgan Stanley will purchase Citi’s 14% stake in Morgan Stanley Smith Barney Holdings LLC (MSSB), together with the transfer of approximately US$5.5 billion of deposits at no premium, at an implied 100% valuation of US$13.5 billion. In addition, Morgan Stanley is scheduled to purchase Citi’s remaining 35% stake in MSSB no later than June 1, 2015, implied US$13.5 billion valuation at the same time. “This mutually beneficial agreement gives both parties certainty and transparency on price and timing, and is a significant milestone for Morgan Stanley in the implementation of our strategy,” said James P. Gorman, company Chairman and Chief Executive Officer. Shares of Morgan Stanley ended higher by 0.99% to US$17.42 on over 24.50 million shares, well above its average volume of 19.68 million shares. Morgan Stanley’s low point in its 52-week range is US$11.58 per share, with US$21.19 as the 52-week high point. Observing comprehensive analysis of Morgan Stanley could help investors avoid big lost in investment. Check MS earnings forecast report below.
Read Full Report: http://www.earningforecast.com/PR/091312A/MS/MorganStanley.pdf
Barrick Gold Corporation (USA) (NYSE:ABX): By the end of Wednesday’s trading, shares of Barrick Gold Corporation (USA) (NYSE:ABX) rose 0.63% to settle at US$39.71. Barrick Gold’s low point in its 52-week range is US$31.00 per share, with US$55.20 as the 52-week high point. Its price, as of the latest close, was up 28% compared with the 52-week low and was 39% below the 52-week high. There were 8.80 million shares of Barrick Gold exchanging hands as compared to its average daily volume of 7.37 million shares. Do you think Barrick Gold will continue to advance? Want to monitor this company on an on-going basis? Investors could check ABX earnings forecast report here.
Read Full Report: http://www.earningforecast.com/PR/091312A/ABX/BarrickGold.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:
Sprint Nextel Corporation (NYSE:S):
Read Full Report: http://www.earningforecast.com/PR/091312A/S/SprintNextel.pdf
The Coca-Cola Company (NYSE:KO):
Read Full Report: http://www.earningforecast.com/PR/091312A/KO/CocaCola.pdf
EMC Corporation (NYSE:EMC):
Read Full Report: http://www.earningforecast.com/PR/091312A/EMC/EMC.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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