Airgas, Belo, Constellation Energy, Dick’s: U.S. Equity Preview
Shares of the following companies may have unusual moves in U.S. trading. Stock symbols are in parentheses.
Airgas Inc. (ARG US): The packaged-gases company said it bought Conley Gas Ltd., with about $9 million in annual revenue, and separately two other businesses with $5 million in annual revenue.
Annaly Capital Management Inc. (NLY US): The New York-based real estate investment trust said it plans an offering of 75 million shares.
Belo Corp. (BLC US): The Dallas-based owner of 20 television stations said it estimates a loss of as much as $23 million in the first quarter on a just-completed pension plan split.
Constellation Energy Group Inc. (CEG US): The developer and operator of electricity generating facilities completed the acquisition of Boston Generating LLC power plants for $1.1 billion, the companies said.
Corning Inc. (GLW US): The world’s biggest maker of glass for flat-panel televisions said Peter Volanakis retired as president and chief operating officer and Chief Executive Wendell Weeks will be president.
Dick’s Sporting Goods Inc. (DKS US): The Coraopolis, Pennsylvania-based chain got a “buy” rating in new coverage at Janney Montgomery Scott LLC.
To contact the reporter on this story: Whitney Kisling in New York at wkisling@bloomberg.net.
To contact the editor responsible for this story: Nick Baker at nbaker7@bloomberg.net.
Jan. 3 (Bloomberg) -- Bloomberg's Deborah Kostroun reports on the performance of the U.S. equity market today. U.S. stocks rallied, sending benchmark indexes up the most in a month, as analyst ratings upgrades and growth in manufacturing bolstered speculation the rally in equities will continue in 2011. Bloomberg's Pimm Fox also speaks. (Source: Bloomberg)
Jan. 3 (Bloomberg) -- Lincoln Ellis, chief investment officer at Strategic Financial Group, talks about the outlook for U.S. stocks in 2011. Ellis also discusses the U.S. economy and Federal Reserve monetary policy. He speaks with Mark Crumpton on Bloomberg Television's "Bottom Line." (Source: Bloomberg)
Jan. 3 (Bloomberg) -- Tobias Levkovich, Citigroup Inc.’s chief U.S. equity strategist, talks about the outlook for U.S. stocks. The Standard & Poor’s 500 Index will rise to about 1,400 in 2011 after the best December rally since 1991, Citigroup said, lifting its estimate from 1,300. Levkovich talks with Tom Keene on Bloomberg Television's "Surveillance Midday." (Source: Bloomberg)
Jan. 3 (Bloomberg) -- Binky Chadha, chief U.S. equity strategist at Deutsche Bank AG, talks about investment strategy and prospects for stocks. Chadha speaks with Margaret Brennan on Bloomberg Television’s "InBusiness." (Source: Bloomberg)
Jan. 3 (Bloomberg) -- Hugh Johnson, chairman of Hugh Johnson Advisors LLC, and Jud Pyle, a portfolio manager at PEAK6 Investments LP, talk about the outlook for U.S. stocks. Johnson and Pyle speak with Matt Miller, Julie Hyman, Dominic Chu and Adam Johnson on Bloomberg Television's "Street Smart." (Source: (Source: Bloomberg)
Jan. 3 (Bloomberg) -- Richard Anthony, head of derivatives and equities at BGC Partners LP, talks about the outlook for U.S. stocks in 2011. Anthony also discusses the options market and his investment strategy. He speaks with Matt Miller, Adam Johnson and Dominic Chu on Bloomberg Television's "Street Smart." (Source: Bloomberg)
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