Zacks Equity Research Highlights Key Developments in Various Industries
Zacks Equity Research provides daily coverage of various industries and stocks, offering insightful analysis to help investors make informed investment decisions. Recent highlights from Tuesday's Analyst Blog included Caterpillar Inc.'s (NYSE: CAT) acquisition plans in Asia, Rogers Communications Inc.'s (NYSE: RCI) launch of TV Everywhere service, and Comcast Corp.'s (Nasdaq: CMCSA) plans to start its on-demand service.
Key Takeaways:
- Caterpillar Inc. (NYSE: CAT) is expanding its presence in Asia through the acquisition of a South Korean subsidiary, JCS Co., Ltd., which will improve its supply chain and component capacity.
- The acquisition supports Caterpillar's long-term plans of expanding machine capacity in Asia and provides its first manufacturing facility in South Korea.
- Rogers Communications Inc. (NYSE: RCI) has launched its TV Everywhere service, "On Demand Online," in Canada, offering over 1,000 hours of content from 50 broadcast and cable programming partners.
- TV Everywhere is a broadband video service that enables pay-TV subscribers to watch premium cable programming online over broadband networks, providing an easy and quick authentication system linking pay-TV subscriptions to watch cable programming.
- Comcast Corp.'s (Nasdaq: CMCSA) plans to start its "on Demand Online" service from mid-December, while Time Warner Cable Inc. (NYSE: TWC) and Verizon Wireless (NYSE: VZ) are also planning to start trial runs of their own TV Everywhere services.
Statistics:
- Caterpillar Inc. anticipates a 10% to 25% increase in sales for 2010, compared to the midpoint of the 2009 outlook range.
- Rogers Communications Inc. offers over 1,000 hours of content through its TV Everywhere service.
- Comcast Corp. is the largest cable operator in the U.S. and will start its "on Demand Online" service from mid-December.
- Time Warner Cable Inc. and Verizon Wireless are planning to start trial runs of their own TV Everywhere services.
Sources:
- Zacks Equity Research
- Caterpillar Inc.
- Rogers Communications Inc.
- Comcast Corp.
- Time Warner Cable Inc.
- Verizon Wireless