Direction of Market Influences: Research on Acco Brands, Acuity Brands, AMETEK, Applied Industrial and Asbury Automotive
Editor Note: For more information about this release, please scroll to bottom.
NEW YORK, December 16, 2014 /PRNewswire/ --
Moments ago, Realtime Equities released new analyst updates concerning several important developing situations. Realtime Equities is the leader in realtime news, commentary and analysis - proudly employing registered CFA® research staff and rigorous compliance procedures. The full research reports are being made available to the public for informational purposes only.
To access our full PDF reports on a complementary basis, please visit the links at the bottom.
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Analyst Update: QuarterlyResults, Awards, New Contract, New Facility and Store Acquisition
Reviewed by: Rohit Tuli, CFA®
The U.S. market on Monday ended the day in red as plummeting oil prices continued to dent investor confidence. The Dow Jones Industrial Average finished at 17,180.84, down 0.58%, the NASDAQ Composite closed at 4,605.16, down 1.04%, and S&P 500 finished the session 0.63% lower at 1,989.63. Investors remained on the edge ahead of U.S. Federal Reserve meeting scheduled on Wednesday, where it is expected to issue a statement which could signal that the Federal Reserve is close to raising interest rates. The Asian markets on December 15, 2014 ended on a negative note led by continued weakness in global oil prices. The European stock markets plunged with slumping oil prices, while Russian stocks and the ruble dropped with rising concerns about the Russian economy.
Acco Brands Corporation (Acco Brands) reported 29.5% YoY increase in its Q3 2014 net income owing to cost savings and productivity improvements. Further, the Company expects sales decline at a reduced rate of 3-5%, and adjusted earnings per share of $0.79-$0.80 for 2014.
Acuity Brands Inc's (Acuity Brands) Visible Light Communication technology has been honored with Lux Magazine Award in the Controls Innovation of the Year category. The Company's pioneering technology connects eldoLED drivers with smartphones.
Hughes-Treitler, division of AMETEK, Inc.'s (AMETEK) Aerospace and Defense, has been awarded a $9 million contract for the V-22 Osprey helicopter in the form of a retrofit program for the Nacelle Cooler Assemblies, previously provided by another heat exchanger supplier.
Applied Industrial Technologies, Inc. (Applied Industrial) has opened a new distribution center to expand its Maintenance Supplies & SolutionsSM (Applied MSSSM) business in Fontana, California. The distribution center complements the Company's two other Applied MSS regional distribution facilities in Cleveland, Ohio and Atlanta, Georgia.
Asbury Automotive Group Inc. (Asbury Automotive) has acquired a new Ford store, located at 7555 Roswell Rd in Sandy Springs, a northern suburb of Atlanta, which brings the Company's number of stores in Georgia to a total of 16.
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Today's update concerns the following companies:
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Full PDF Download Links (you may have to copy and paste the following links into your browser):
ACCOResearchReport:(http://get.realtimeequities.com/pdf/?c=ACCO%20Brands&d=16-Dec-2014&s=ACCO ),
AYIResearchReport: ( http://get.realtimeequities.com/pdf/?c=Acuity%20Brands&d=16-Dec-2014&s=AYI ),
AMEResearch Report: ( http://get.realtimeequities.com/pdf/?c=AMETEK&d=16-Dec-2014&s=AME ),
AITResearch Report: ( http://get.realtimeequities.com/pdf/?c=Applied%20Industrial&d=16-Dec-2014&s=AIT ),
ABGResearch Report: ( http://get.realtimeequities.com/pdf/?c=Asbury%20Automotive&d=16-Dec-2014&s=ABG ).
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Editor Note: This is not company news. We are an independent source and our views do not reflect the companies mentioned.
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