SOURCE: Wall St Sense

Wall St Sense

December 29, 2009 06:25 ET

Wall St Sense Initiates Independent Research Coverage on Equities Within Basic Materials and Financial Sectors

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Wall St Sense

NEW DELHI, INDIA--(Marketwire - December 29, 2009) - Weekly initial jobless claims dropped by a larger than expected amount to 450000 from 480000 in the prior week. This beat the consensus estimate of 470000 and was the lowest level since fall 2008. As new market updates continue to fuel the current trading trend, Wall Street Sense analysts have issued valuable analysis on the following companies: Massey Energy Co. (NYSE: MEE), Baker Hughes Inc. (NYSE: BHI), Ivanhoe Mines Ltd. (NYSE: IVN), Patterson-UTI Energy Inc. (NASDAQ: PTEN), ACE Limited (NYSE: ACE) and Itau Unibanco Holding SA (NYSE: ITUB). All reports are available on Wall Street Sense, all you need to do is sign up now and continue reading.

A quick snapshot of today's reports follows, for the full report sign up today at Wall Street Sense:

--  We like MEE's dominant reserve position in Central Appalachia.
    However, the region is in a cyclical as well as secular decline.
--  BHI is focusing on building market share in large services markets
    such as Russia and the Middle East, as well as the highly profitable deep-
    water market. However, we think intense competition in...
--  Over the three months IVN is on an uptrend with frequent high tops
    and bottoms, with encouraging volumes.
--  As the downturn has progressed, they have even laid down many rigs
    subject to term contracts with substantial costs for termination. However,
--  This business model is still present today, as ACE assumes some of
    the biggest risks for large corporate customers. Over time, it has built a
    truly global...
--  Although we think ITUB still has plenty of loan losses to digest, we
    believe it is adequately capitalized.

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