SOURCE: Brighton Markets

February 10, 2012 09:00 ET

2012 Economic Outlook - Report Highlights National-Oilwell Varco, Inc. and TECO Energy, Inc.

HONG KONG--(Marketwire - Feb 10, 2012) - Today, announced new reports highlighting National-Oilwell Varco, Inc. (NYSE: NOV) and TECO Energy, Inc. (NYSE: TE). Gain market insight with full analysis and research downloads available at

Economic fundamentals leading into 2012 have set a generally positive pace with GDP growth likely to pick up through the coming year. However, there are several important caveats to note as the world economy continues to face headwinds and risks weigh to the downside. Positive outlooks are conditional on fiscal policy in payroll taxes and unemployment insurance benefits and upon the easing of the European debt situation. A repeat of volatility experienced in 2011 is likely in 2012, as perceptions about the strength of the U.S. economy and the euro zone will vary over time as events unfold.

Despite the current situation, our team continues to identify high momentum situations with growth potential -- there remains strong opportunity within careful discretion.

Brighton Markets is releasing new coverage on National-Oilwell Varco, Inc. for its current position within the basic materials industry. National Oilwell Varco, Inc. (NOV) is a provider of equipment and components used in oil and gas drilling and production operations, oilfield services and supply chain integration services to the upstream oil and gas industry. It operates in three business segments: Rig Technology, Petroleum Services & Supplies and Distribution Services. The full research report on National-Oilwell Varco, Inc. (NYSE: NOV) is available here:

Brighton Markets has released research on TECO Energy, Inc. for its changing role within the utilities industry. TECO Energy, Inc. (TECO Energy) is a holding company for regulated utilities and other businesses. TECO Energy owns no operating assets but holds interest in Tampa Electric Company and through its subsidiary TECO Diversified, Inc., owns TECO Coal Corporation and through its subsidiary TECO Wholesale Generation, Inc., owns TECO Guatemala, Inc. The full research report on TECO Energy, Inc. (NYSE: TE) is available here:

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