4 Dow Stocks Making Moves Now
Walt Disney Co. (NYSE:DIS): Auto Hop, a new feature developed by Dish Network (NASDAQ:DISH) for its digital-video recorders, allows commercials to be bypassed from recorded shows on NBC (NASDAQ:CMCSA), Fox (NASDAQ:NWSA), ABC (NYSE:DIS) and CBS (NYSE:CBS). However, Bloomberg Businessweek reports that Dish CEO Joseph Clayton says that his company ‘has respect for the networks and for the advertising model’, as he was questioned concerning Dish’s motive for letting subscribers automatically skip ads.
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General Electric Co. (NYSE:GE) reports that it is seeking to purchase two underground mining equipment manufacturers in support of the global expansion of its mining business. To that effect the company will acquire 100 percent of Australia’s Industrea Ltd., which supplies safety and productivity-enhancing mining equipment and services. The deal’s value amounts to around A$ 700 million, which represents a sum that is 5.5 times earnings before taxes, interest, depreciation and amortization, based on full-year financial data as of Dec. 31, 2011. In addition, GE has signed a Letter of Intent to purchase Fairchild International, an independently owned and operated underground mining equipment producer in Glen Lyn, Virginia. Financials of that agreement were undisclosed, and in combination the two acquisitions expands GE’s product offering to address approximately 35 percent of the underground mining value chain.
The Home Depot, Inc. (NYSE:HD) might have difficulty moving higher following its 32 percent climb in 2011, and its lackluster first quarter sales and guidance, says a Barron’s report. Further, HD’s shares are priced at 16.7 times the projected fiscal year 2013 earnings per share estimates, and analysts say that the company might not be able to deliver such growth, thus the stock seems to be overvalued despite even the company’s critics commending its management, balance sheet and performance over the last few quarters.
Hewlett-Packard Company (NYSE:HPQ) says that it has delivered an HP AppSystem for the SAP HANA database and related services to T-Mobile USA, Inc., the wireless division of Deutsche Telekom AG (DTEGY), which will assist the wireless provider in reducing the time required to analyze information from more than one week, down to less than a day.
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