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Home » Business & Finance » Bears of the Day: ICICI Bank (NYSE:IBN), Ambev SA (NYSE:ABEV), EMC (NYSE:EMC), Goldcorp (NYSE:GG)
Bears of the Day: ICICI Bank (NYSE:IBN), Ambev SA (NYSE:ABEV), EMC (NYSE:EMC), Goldcorp (NYSE:GG)

Bears of the Day: ICICI Bank (NYSE:IBN), Ambev SA (NYSE:ABEV), EMC (NYSE:EMC), Goldcorp (NYSE:GG)

March 20, 2015 1:18 pm by: Category: Business & Finance Leave a comment A+ / A-

On Thursday, Following Stocks were among the “Top Losers” In U.S. Stock Exchange: ICICI Bank (NYSE:IBN), Ambev SA (NYSE:ABEV), EMC (NYSE:EMC), Goldcorp (NYSE:GG)

ICICI Bank Ltd (ADR) (NYSE:IBN) decreased -3.40%, and closed at $10.79. The company holds the market capitalization of $30.99 billion. For the last twelve months, the stock was able to keep return on equity at 30.30%, while return on assets at 3.00%, in response to its return on investment at 4.90%. Its 20-day moving average decreased -3.96%, below 50-day moving average of -6.84%, above 200-day moving average of -0.89% from the latest market price of $10.79. The mean recommendation of analysts for this stock is 1.00. (Where 1=Buy, 5=Sale).

ICICI Bank Ltd (ADR) (IBN) along with its subsidiaries offers banking and financial services to the corporate and retail clients. It offers commercial banking, retail banking, project and corporate finance, working capital finance, insurance, venture capital and private equity, investment banking, broking, and treasury products and services.

Ambev SA (ADR) (NYSE:ABEV) uncovered its results for the fourth quarter and full year 2014. The following operating and financial information, unless otherwise indicated, is presented in nominal Reais and prepared according to International Financial Reporting Standards (IFRS), and should be read together with our quarterly financial information for the twelve-month period ended December 31, 2014 filed with the CVM and presented to the SEC.

Ambev SA (ADR) (NYSE:ABEV) declined -2.26%, and closed at $5.62. The company has the market capitalization of $90.37 billion. The beta value of the stock is 1.58. On the other hand the stock’s volatility for the week is 2.73%, and for the month is 2.44%. The stock’s price to book ratio is -6.46, however price to sale ratio is $7.27. Analyst’s mean recommendation regarding this stock is 2.30. (Where 1=Buy, 5=Sale).

Ambev SA (ADR) (ABEV) along with its subsidiaries produces, distributes, and sells beer, draft beer, soft drinks, other non-alcoholic beverages, malt, and food in the Americas. It offers beers primarily under Skol, Brahma, Antarctica brands, Brahva, Brahva Beats, Brahva Light, Extra, Budweiser, Becks & Stella Artois, Presidente, Brahma Light, President Light, Bohemia, The One, Corona, Stella Artois, Budweiser, Zenda, Quilmes Cristal, Paceña, Taquiña, Huari, Becker, Báltica, Pilsen, Patricia, and Bud Light, in addition to Labatt Blue, Alexander Keith’s, Stella Artois, and Kokanee brands.

EMC Corporation (NYSE:EMC) proclaimed Dr. Zulfikar Ramzan has joined the corporation as Chief Technology Officer. In this role, Dr. Ramzan is responsible for leading the development of the corporation’s technology strategy and will focus on bringing to market the innovations that assist protect RSA customers from the growing number of advanced threats.

EMC Corporation (NYSE:EMC) decreased -0.98%, and closed at $26.21. The stock has price to sale ratio of 2.18, however, price to book ratio is 2.41. With recent decline, the year-to-date (YTD) performance reflected a -13.07% decline above last year. During the past month the stock lose -8.74%, bringing three-month performance to -13.04% and six-month performance to -11.24%. The mean recommendation of analysts for this stock is 2.00 (where 1=Buy, 5=Sale).

EMC Corporation (EMC) develops, delivers, and supports information infrastructure and virtual infrastructure technologies, solutions, and services. It offers enterprise storage systems and software deployed in storage area networks (SAN), networked attached storage (NAS), unified storage combining NAS and SAN, object storage, and/or direct attached storage environments, in addition to provides a portfolio of backup products that support a range of enterprise application workloads.

Goldcorp Inc. (USA) (NYSE:GG) disclosed the completion of the previously uncovered attainment of Probe Mines Limited (“Probe”). Probe’s principal asset is the 100%-owned Borden GOLD project located near Chapleau, Ontario, about 160 kilometers west of Goldcorp’s Porcupine mine. The highly-prospective Borden GOLD project presently has stated underground constrained indicated resources of 1.6 million ounces of gold (9.3Mt @ 5.39g/t) and inferred resources of 0.4 million ounces of gold (3Mt @ 4.37g/t) at a 2.5g/t gold cut-off grade. The deposit remains open down plunge. The deposit is located within a large land package comprising 70 kilometers of contiguous claims in a geologic setting not formerly thought to host gold deposits.

Goldcorp Inc. (USA) (NYSE:GG)’s shares picked down -1.90%, and closed at $18.61. The stock volatility for the week is 4.23%, while for the month remained 3.95%. The company holds consensus target price of $25.96.

If we consider EPS growth of the company, then the company indicated the following observations:

The company showed -2.68 diluted EPS growth for trailing twelve months. However, YTD EPS growth remained 17.80% and Annual EPS growth for the past 5 years is considered as -20.16%.

The mean recommendation of analysts for this stock is 2.20. (Where 1=Buy, 5=Sale).

Goldcorp Inc. (USA) (GG) holds in the attainment, exploration, development, and operation of GOLD properties in Canada, the United States, and Latin America. The corporation primarily explores for gold, silver, copper, lead, and zinc deposits.

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Bears of the Day: ICICI Bank (NYSE:IBN), Ambev SA (NYSE:ABEV), EMC (NYSE:EMC), Goldcorp (NYSE:GG) Reviewed by on . On Thursday, Following Stocks were among the "Top Losers" In U.S. Stock Exchange: ICICI Bank (NYSE:IBN), Ambev SA (NYSE:ABEV), EMC (NYSE:EMC), Goldcorp (NYSE:GG On Thursday, Following Stocks were among the "Top Losers" In U.S. Stock Exchange: ICICI Bank (NYSE:IBN), Ambev SA (NYSE:ABEV), EMC (NYSE:EMC), Goldcorp (NYSE:GG Rating: 0

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