NEW YORK, January 12, 2015 /PRNewswire/ --
Moments ago, Analysts Review released new research updates concerning several important developing situations including General Dynamics (NYSE: GD), General Steel (NYSE: GSI), Genuine Parts (NYSE: GPC), Gerdau (NYSE: GGB), and Global Brass and Copper (NYSE: BRSS). Analysts Review provides a single unified platform for investors' to hear about what matters - 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.
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Today's update concerns the following companies:
Full PDF Download Links (you may have to copy and paste the following links into your browser):
GD Research Report: ( http://get.analystsreview.com/pdf/?c=General%20Dynamics&d=12-Jan-2015&s=GD ),
GSI Research Report: ( http://get.analystsreview.com/pdf/?c=General%20Steel&d=12-Jan-2015&s=GSI ),
GPC Research Report: ( http://get.analystsreview.com/pdf/?c=Genuine%20Parts&d=12-Jan-2015&s=GPC ),
GGB Research Report: ( http://get.analystsreview.com/pdf/?c=Gerdau&d=12-Jan-2015&s=GGB ),
BRSS Research Report: ( http://get.analystsreview.com/pdf/?c=Global%20Brass%20and%20Copper&d=12-Jan-2015&s=BRSS ).
Analyst Update: New Contract, Quarterly Results, and Management Changes
Reviewed by: Rohit Tuli, CFA®
The U.S. stocks declined on Friday after two consecutive days of advance as concerns over the growth of the world's largest economy revived after disappointing job data for the month of December. According to a Reuters report, U.S. nonfarm payrolls rose in December, beating the market expectations, but wages unexpectedly fell. All the three major U.S. benchmark indices ended the session in red, with S&P 500 index closing at 2,044.81, down 0.84%. The Dow Jones Industrial Average finished 0.95% lower at 17,737.37, and the Nasdaq Composite was down 0.68% at 4,704.07. Investors also turned cautious ahead of the Q4 2014 corporate earnings season. Meanwhile, the European shares closed lower on Friday amid uncertainty ahead of the release of the U.S. nonfarm payroll data and after latest data showed that German exports and industrial output declined in November. Asian markets were mostly higher on Friday, tracking two-day rally in the U.S. and European markets.
A Business unit of General Dynamics, General Dynamics Land Systems, has been awarded a follow-on contract order of $99.7 million for the procurement and production of Saudi M1A2 (M1A2S) Abrams tanks for the Kingdom of Saudi Arabia. This Foreign Military Sales contract was awarded by the U.S. Army TACOM Life Cycle Management Command on behalf of the Royal Saudi Land Forces.
General Steel Holdings, Inc. (General Steel) witnessed increased demand for its products in Western China, recording its highest ever quarterly volume in Q3 2014. Sales volume grew 15.1% YoY to 1.45 million metric tons, as the Company benefited from some strategic moves.
Genuine Parts Company (Genuine Parts) announced that Bill Stevens, Chairman and CEO of Motion Industries, the Company's industrial parts distribution business, has decided to step down from his post on March 1, 2015. Accordingly, Timothy P. Breen was elected by the Board to the position of President and CEO of Motion Industries.
Gerdau S.A.'s (Gerdau) net sales saw a slight increase in the third quarter of 2014. Consolidated crude steel production remained relatively stable in Q3 2014 compared to Q3 2013, with production
growth in the North America Business Operation (BO) offsetting the reductions observed in the other BOs.
Bill Toler has been appointed as President of GBC Metals, LLC effective December 19, 2014. GBC Metals, doing business as Olin Brass, is a wholly owned subsidiary of Global Brass and Copper Holdings, Inc.
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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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