STOCKS NEWS US-Hanover Insurance is a safe bet: Barron's
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For U.S. stock market report double-click [.N] 0724 ET 15June2009-Hanover Insurance is a safe bet: Barron's ------------------------------------------------------------------------------
Barron's wrote in its latest edition that Hanover Insurance Group (THG.N)
was a safe bet in hard times, and that its shares were poised to surge more
than 30 percent.
The property and casualty insurance company has a solid balance sheet, best-in-class premium growth and low valuation, the financial publication wrote, calling the company "one of the best bets on the eventual rebound in insurance."
For details, see [ID:nN14134426]
Shares closed Friday at $36.42.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net 0720 ET 15June2009-Goldman downgrades Wal-Mart, shares fall ------------------------------------------------------------------------------
Shares of Wal-Mart Stores (WMT.N) fell in premarket trading on Monday,
after Goldman Sachs downgraded the stock to neutral.
"Wal-Mart has and should continue to gain share across today's still challenging consumer spending environment, but with on-going expense pressures and tougher sales comparisons, we see little near-term positive catalysts to drive shares higher in the near-term," the firm wrote.
Goldman dropped its price target on the stock to $56 from $58.
Shares of the Dow component fell 1.8 percent to $48.95 in premarket trading.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net 0716 ET 15June2009-Barron's sees upside for McDonald's shares ------------------------------------------------------------------------------
Shares of McDonald's (MCD.N) could advance on a market recovery, new
specialty coffee products, growth in China and a more stable dollar, Barron's
wrote in its June 15 edition.
"The fast-growing, high-margin beverages turf can boost sales by 10 percent or more," the financial publication wrote, quoting a Morgan Stanley analyst.
For details, see [ID:nN14134539]
Shares of the Dow component slid 0.5 percent to $58.06 in premarket trading.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net 0710 ET 15June2009-Boeing executive sees growth returning in mid-'10 ------------------------------------------------------------------------------
Boeing Co's (BA.N) commercial aircraft chief on Monday said he expects
growth to return to the industry in the middle of next year.
"It feels to me as if we may have reached a bottom both in terms of air freight but perhaps even more importantly in terms of global air traffic," he said.
For details, see [ID:nLF505340]
Shares of Boeing, a Dow component, closed Friday at $51.44.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net 0704 ET 15June2009-Toyota ADRs could rise on GM woes: Barron's ------------------------------------------------------------------------------
U.S.-listed shares of Toyota Motors (TM.N) (7203.T) are well-positioned for any recovery in the auto industry, and could benefit from woes at bankrupt peer General Motors GMGMQ.PK, Barron's wrote in its June 15 edition.
"The fact that Toyota entered the downturn from a position of strength strongly suggests it will be among the first to return to profit," the financial publication wrote.
For details, see [ID:nN14133442]
Toyota ADRs closed Friday at $78.84.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net 0700 ET 15June2009-Economic indicators for June 15 ------------------------------------------------------------------------------
Economic indicators on tap for Monday include NY Fed manufacturing data for June, the June NAHB housing market index and overall net capital flow information for April.
For details, see [ECI/US]
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net 0654 ET 15June2009-Earnings diary for June 15 ------------------------------------------------------------------------------
Companies scheduled to report quarterly results on Monday include: Comarco (CMRO.O), La-Z-Boy (LZB.N), SteelCloud (SCLD.O), Capstone Turbine (CPST.O) and Casey's General Store (CASY.O), among others.
For details, see [RESF/US]
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
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