For Immediate Release
Chicago, IL - May 25, 2012 - Zacks.com announces the list of
stocks featured in the Analyst Blog. Every day the Zacks Equity
Research analysts discuss the latest news and events impacting
stocks and the financial markets. Stocks recently featured in the
blog include
Eaton Corporation
(
ETN
),
Cooper Industries
(
CBE
),
Facebook
(
FB
),
Apple
(
AAPL
) and
Sotheby's
(
BID
).
Get the most recent insight from Zacks Equity Research with the
free Profit from the Pros newsletter:
http://at.zacks.com/?id=5513
Here are highlights from Thursday's Analyst
Blog:
America's Oldest Companies
Earlier this week, on May 21,
Eaton Corporation
(
ETN
) announced it was buying
Cooper Industries
(
CBE
) for $11.8 billion. In this
Facebook
(
FB
) and
Apple
(
AAPL
) obsessed world, you may never have heard of either company. Both
are involved in power generation, including electrical grids and
hydraulic systems.
But I was more intrigued by the age of both companies. Eaton was
founded in 1911 and made the first gear driven rear truck axle.
That would make it 101 years old.
Cooper was founded in 1833 in Ohio. Back then it made plows, hog
troughs, kettles and stoves. It has re-made itself many times over
the decades into the electrical products company it is today. Not
too shabby for a 179 year old.
Other "old" companies have also expanded beyond their original
intent and have thrived.
The Oldest Of The Old
But the oldest of them all is one that hasn't changed its
business model much since it started in 1744.
The auction house
Sotheby's
(
BID
) was incorporated in 1983 but it then bought Sotheby Parke Bernet
Group Limited, which was founded in 1744 and had been publicly
traded in the United Kingdom. As a successor to the original
company, that makes Sotheby's the oldest publicly traded company on
the New York Stock Exchange.
The 268 year old company just sold Edvard Munch's "The Scream"
painting for the highest price of any work of art at auction. It
sold for $119.9 million.
Why do some companies not only survive, but thrive, through
wars, depressions, assassinations and changing tastes and
technologies?
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.
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APPLE INC (AAPL): Free Stock Analysis Report
SOTHEBYS (BID): Free Stock Analysis Report
COOPER INDS PLC (CBE): Free Stock Analysis
Report
EATON CORP (ETN): Free Stock Analysis Report
FACEBOOK INC-A (FB): Free Stock Analysis Report
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