SOURCE: World Street Fundamentals

October 06, 2011 09:00 ET

Analyst View, Impact of Global Events - Research Report on GeoEye Inc. and ITT Corporation

HONG KONG--(Marketwire - Oct 6, 2011) - Today, www.WorldStreetFundamentals.com released its industry report highlighting GeoEye Inc. (NASDAQ: GEOY) and ITT Corporation (NYSE: ITT). Full fundamental and technical analysis is available at www.WorldStreetFundamentals.com/Reports.php?id=GEOY+ITT.

Short-term outlooks within US and global economies continue to adjust downward, as US Treasury yields touched their lowest levels in over 65 years. International Monetary Fund downgraded estimates for US growth by 1.0% this year, down from 2.5%. 'Significant downside risks' to the US economy were confirmed by the Federal Reserve pressured by 'strains in global financial markets'.

As the US dollar trades above an eight-month high against the Euro, it highlights a deepening of the Eurozone sovereign debt crisis -- furthered by continued policy inaction from European governments. We expect continued volatility until economic data stabilizes and we see decisive policy action to deal with the Eurozone debt crisis.

Our members are preparing for a turn in tides. Currently, the Credit Suisse Risk Appetite Indicator is at a 30-year low. For the past three occurrences, this level has acted as a leading indicator of large stock market rallies 18 months following.

World Street Fundamentals has highlighted GeoEye Inc. for its current position within the technology industry. GeoEye, Inc. (GeoEye) is a commercial provider of earth imagery, and a provider of image-processing services and geospatial information services to the United States and foreign government defense and intelligence organizations, domestic federal and foreign civil agencies and commercial customers. The entire report on GeoEye Inc. (NASDAQ: GEOY) is available here: www.WorldStreetFundamentals.com/Report.php?id=GEOY.

World Street has featured ITT Corporation for its development within the industrial goods industry. ITT Corporation (ITT) is a global engineering and manufacturing organization. ITT's operates in more than 60 countries, and sales presence in more than 125 countries. It designs, manufactures and sales a range of engineered products. The entire report on ITT Corporation (NYSE: ITT) is available here: www.WorldStreetFundamentals.com/Report.php?id=ITT.

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