Daily Markets - Railcar Market Weighs On GATX 2Q
Daily Markets - Railcar Market Weighs On GATX 2Q |
- Railcar Market Weighs On GATX 2Q
- Fluor Corp. Beats
- Wipro Exceeds Estimates
- Plum Creek Tops Estimates
- Valero Swings To Profit
- Earnings Preview: Praxair Inc.
- Rogers Communications Outperforms
- The Investment Strategy Tester: Part One — Low Stock Allocations Can Be Riskier Than High Stock Allocations
- Earnings Scorecard: POSCO
- Rent-A-Center Earnings Rise
- In Defense Of Commodities Rex
- Case-Shiller Home Price Indexes Up In May
- FedEx Breaks Above Key Resistances On Upbeat Outlook
- Jacobs Engineering Costs Increases
- Stock Market News Briefs: BP P.l.c., CIT Group Inc (DEL), E.I. Du Pont De Nemours And Company, L-3 Communications Holdings, Occidental Petroleum, USX, Western Union Company
- Liberty Property Marginally Beats
- Earnings Preview: Coca-Cola Ent.
- Masco Profits Fall
- Tellabs Outperforms Consensus
- Chubb Upgraded To Neutral
- Euro Rallies To The Highest Level Since May, Basel Committee Introduces New Banking Restrictions
- BP Hopes Change To American CEO Robert Dudley Will Restore Company Image
- Columbia Checks Loss
- SAP Underperforms
- Earnings Preview: Symantec Corp.
- BP Slips, As Expected
- Hot Stock News For Tuesday 27 July: BP, Wal-Mart, Yahoo, Google, Deutsche Bank, SAP, AstraZeneca, Xstrata, Genzyme, GlaxoSmithKline, News Corp
- Bear Of The Day: Honda Motor Ltd. (HMC)
- Stock Buy: Abbott Labs
- Stock Buy: Linear Technology
- Bull Of The Day: Gannett Co., Inc. (GCI)
- Stock Buy: Avago Technologies Limited
- Stock Buy: Cytec Industries Inc.
- UBS Profits, Outflows Fall
- Mutual Funds: Top 5 High Yield Funds
- ALPS Advisors Files Papers For Global Fixed-Income Active ETF
| Railcar Market Weighs On GATX 2Q Posted: 27 Jul 2010 07:50 AM PDT GATX Corporation (NYSE:GMT), a leader in leasing transportation assets, reported second quarter adjusted earnings of 39 cents per share, which is below the Zacks Consensus Estimate of 40 cents as well as the year-earlier earnings of 41 cents. Earnings were disappointed due to the challenging North American railcar leasing market.
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| Posted: 27 Jul 2010 07:35 AM PDT Fluor Corporation (NYSE:FLR) reported earnings per share from continuing operations of 87 cents in the second quarter of 2010 compared with the Zacks Consensus Estimate of 70 cents. Revenues were $5.15 billion, down from $5.29 billion in the second quarter of 2009 but higher than the Zacks Consensus Estimate of $4.9 billion. Second-quarter results reflect weaker Oil & Gas revenues and profit, partly offset by growth in the Power and Industrial & Infrastructure segments.
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| Posted: 27 Jul 2010 07:35 AM PDT Wipro Ltd. (NYSE:WIT) reported earnings per share from continuing operations of 12 cents in the first quarter of 2011 compared with the Zacks Consensus Estimate of 10 cents. Total revenue in the quarter was Rs.72.36 billion ($1.58 billion), up 16% over the corresponding prior-year period. IT Services segment derived 76% of total revenue and 93% of operating income in the quarter. Application Development and Maintenance revenues constituted 39.2% of segment followed by Technology Infrastructure … [visit site to read more]
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| Posted: 27 Jul 2010 07:20 AM PDT Plum Creek Timber Co. Inc. (NYSE:PCL), a real estate investment trust (REIT) that owns one of the largest private timberlands in the U.S., reported fiscal 2010 second quarter earnings of $35 million or 21 cents per share, compared with $32 million or 19 cents per share in the year-earlier quarter. The earnings exceeded the Zacks Consensus Estimate by 6 cents.
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| Posted: 27 Jul 2010 07:20 AM PDT Valero Energy Corporation (NYSE:VLO) posted second-quarter earnings from continuing operations of 93 cents per share, significantly better than the Zacks Consensus Estimate of 71 cents and year-earlier loss of 36 cents. Total revenues for the quarter increased more than 25% year over year to $21.8 billion, compared with the Zacks Consensus Estimate of $20.2 billion. The largest independent refiner and marketer moved into profit territory in the reported quarter on improving refining margins … [visit site to read more]
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| Earnings Preview: Praxair Inc. Posted: 27 Jul 2010 07:05 AM PDT Praxair Inc. (NYSE:PX) is slated to release its second-quarter 2010 results on Wednesday, July 28, 2010. The current Zacks Consensus Estimate for the second quarter earnings per share (EPS) is $1.14, representing an annualized growth of 18.54%.
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| Rogers Communications Outperforms Posted: 27 Jul 2010 07:05 AM PDT Rogers Communications Inc. (NYSE:RCI) declared solid financial results for the second quarter 2010. Quarterly net income was $451 million or 78 cents per share compared to a net income of $374 million or 59 cents per share in the year-ago quarter. Second quarter EPS of 78 cents was significantly above the Zacks Consensus Estimate of 66 cents. This reflects the aggressive cost cutting measures resulting in margin expansion of all the three reporting segments. Quarterly total revenue was $3.029 … [visit site to read more]
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| Posted: 27 Jul 2010 07:00 AM PDT By Rob Bennett
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| Posted: 27 Jul 2010 06:50 AM PDT Impressive second quarter results but weak operating guidance for the second half of 2010 restricted positive response for POSCO (NYSE:PKX), following its earnings release on July 13, 2010. The company progressing well in its investment plans will be negatively influenced by higher costs and rising competition.
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| Posted: 27 Jul 2010 06:50 AM PDT Rent-A-Center Inc. (RCII), one of the largest rent-to-own operators, recently delivered better-than-expected second-quarter 2010 results. The quarterly earnings of 72 cents a share, outpaced the Zacks Consensus Estimate of 67 cents, and soared 18% from 61 cents registered in the prior-year quarter.
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| Posted: 27 Jul 2010 06:47 AM PDT One of my favorite exchange traded fund commentators, Don Dion, recently penned a piece for TheStreet.com called Sensible Commodity ETF Investing, which you can read here. In the article, Don describes an investor type which he dubs “Commodities Rex”. The Commodities Rex has a passion for everything hard asset based. From wheat to oil, neodymium to cotton, a Rex wants it all. The investor archetype will go out of his way to add these things to a portfolio. His equity holdings will most likely … [visit site to read more]
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| Case-Shiller Home Price Indexes Up In May Posted: 27 Jul 2010 06:44 AM PDT Standard and Poors — The 10-City Case-Shiller Home Price Composite Index increased in May by 5.4% and the 20-City Composite Index increased by 4.6% compared to May 2009 (see chart above). This marks the fourth consecutive monthly increase in the Case-Shiller Home Indexes compared their year-ago levels, following more than three years (37 months) of consecutive monthly decreases. On a monthly basis, 19 of the 20 metro areas and both … [visit site to read more]
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| FedEx Breaks Above Key Resistances On Upbeat Outlook Posted: 27 Jul 2010 06:34 AM PDT The FedEx Corporation (NYSE:FDX) or the FDX in the New York stock Exchange is one of the major logistics company in the world. Like the UPS (NYSE:UPS) which I presented a few days back (kindly check my previous blog here) also gapped up following an upbeat earnings forecast. The shares of FedEx jumped by 4.5% to $82.58. The company now sees its earnings to expand to somewhere between $1.05 and $1.25 per share for its first fiscal quarter ending Aug. 31 which is up by at least 58 cents per … [visit site to read more]
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| Jacobs Engineering Costs Increases Posted: 27 Jul 2010 06:30 AM PDT Jacobs Engineering Group Inc. (NYSE:JEC) reported in-line results for the third quarter of fiscal 2010. During the quarter, Jacobs reported Earnings per share (EPS) of 63 cents, 13 cents below the year-ago level of 76 cents, but a penny above the second quarter 2010 EPS of 62 cents. It exactly matched the Zacks Consensus Estimate of 63 cents.
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| Posted: 27 Jul 2010 06:30 AM PDT US Steel’s (NYSE:X) second quarter earnings of 45 cents per share were below Zacks estimates of 63 cents, on revenues of $4.68 billion that beat Zacks estimates of $4.53 billion Occidental Petroleum (NYSE:OXY) reported second quarter earnings of $1.31, three cents below Zacks projections, on a 29.1% revenue jump to $4.76 billion, slightly above Zacks estimates of $4.75 billion Western Union (NYSE:WU) reported second quarter results of 36 cents, four cents above Zacks estimates, on … [visit site to read more]
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| Liberty Property Marginally Beats Posted: 27 Jul 2010 06:20 AM PDT Liberty Property Trust (NYSE:LRY), a leading real estate investment trust (REIT), reported second quarter 2010 FFO (fund from operations) of $0.67 per share compared to $0.72 in the year-earlier quarter. Fund from operations, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income.
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| Earnings Preview: Coca-Cola Ent. Posted: 27 Jul 2010 06:20 AM PDT Coca-Cola Enterprises Inc. (NYSE:CCE), the world’s largest marketer, producer and distributor of Coca-Cola products and the anchor bottler for North America and Western Europe, is slated to release its second-quarter fiscal 2010 results on Wednesday, July 28. The Zacks Consensus Estimate for the company is 69 cents a share.
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| Posted: 27 Jul 2010 06:05 AM PDT Masco Corporation (NYSE:MAS) reported a decline in profit to $55 million or 16 cents per share (before special items) in the second quarter of the year from $59 million or 17 cents per share (before special items) in the year-ago quarter. However, the company has beaten the Zacks Consensus Estimate by 3 cents per share during the quarter.
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| Posted: 27 Jul 2010 06:05 AM PDT Tellabs Inc. (NASDAQ:TLAB) declared second quarter 2010 financial results today that well exceeded the Zacks Consensus Estimates. Total revenue of $422.7 million was up 10% year over year. Second quarter revenue was also above the Zacks Consensus Estimate of $414 million. The rise in year over year revenue is the result of higher sales for all the segments — Broadband, Transport and Services. On a GAAP basis, net income in the second quarter 2010 was $64.0 million or 16 cents per share compared … [visit site to read more]
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| Posted: 27 Jul 2010 06:05 AM PDT We are upgrading our recommendation on the shares of the Chubb Corp. (NYSE:CB) to Neutral from Underperform. We think the company is poised to benefit modestly from the stable rate environment in its CPI segment and the slow decline in renewal in its other segment, CCI. The bottom line is also poised to benefit from the aggressive share repurchase that remains a priority for management.
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| Euro Rallies To The Highest Level Since May, Basel Committee Introduces New Banking Restrictions Posted: 27 Jul 2010 06:04 AM PDT The Basel Committee announced that it will allow certain assets such as minority stakes in other capital firms to be regarded as capital, and went onto propose a leverage ratio for the first time. Fundamental Headlines • Debate Heats Up Over Stimulus Spending – Wall Street Journal
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| BP Hopes Change To American CEO Robert Dudley Will Restore Company Image Posted: 27 Jul 2010 05:52 AM PDT BP PLC (NYSE:BP) plans to oust Chief Executive Officer Tony Hayward from the top spot and to appoint Robert Dudley - an American and an insider - in an attempt to regain U.S. trust after a highly criticized, ineffective response to the Gulf oil spill. BP is expected to announce the change today (Tuesday) when it releases its second-quarter financial report and Hayward addresses shareholders. The official appointment would be effective Oct. 1 - following a transition period that would … [visit site to read more]
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| Posted: 27 Jul 2010 05:45 AM PDT Columbia Sportswear Company (NASDAQ:COLM) has posted second-quarter 2010 results with a net loss per share of 31 cents, lower than the Zacks Consensus Estimate of a loss of 42 cents. However, the loss was 2 cents more than the prior year quarter loss of 29 cents.
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| Posted: 27 Jul 2010 05:45 AM PDT SAP AG (NYSE:SAP) released its earnings results for second quarter 2010, reporting earnings per share of €0.41 or 52 cents. The company's earnings for the quarter missed the Zacks Consensus Estimate of 59 cents by 11.9%. However, the company's earnings per share for the quarter exceed that of second quarter 2009 by 14% in local currency.
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| Earnings Preview: Symantec Corp. Posted: 27 Jul 2010 05:45 AM PDT Symantec Corp. (NASDAQ:SYMC) is scheduled to announce its first-quarter 2011 results on July 28 and analyst estimates have been trending down over the last 7 days.
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| Posted: 27 Jul 2010 05:45 AM PDT BP Plc (NYSE:BP) posted a second-quarter 2010 loss of $5.48 per American Depositary Share (ADS), well below the Zacks Consensus Estimate of $1.44 and the year-earlier profit of $1.40. The loss was mainly due to a pre-tax charge of $32.2 billion related to the Gulf of Mexico (GoM) oil spill that the company had to register in the quarter. However, the company's revenue jumped approximately 34% to $75,871 million from $56,561 million in the year-ago quarter and surpassed the Zacks Consensus … [visit site to read more]
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| Posted: 27 Jul 2010 05:44 AM PDT Despite soft economic data, equities finished the session higher as combination of speculative M&A activity, together with reports that Fedex (NYSE:FDX) (+5.75%) raised its profit forecasts raised investor sentiment. Investor confidence was also supported by absence of negative reaction to the EU bank stress tests which as a result lifted the financials in the S&P 500. UK BP (NYSE:BP) - Co. says headline replacement cost loss for the quarter of USD 17bln, and co. has taken a pre … [visit site to read more]
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| Bear Of The Day: Honda Motor Ltd. (HMC) Posted: 27 Jul 2010 05:00 AM PDT Honda Motor Ltd (NYSE:HMC) is expanding its business in Asia, growing its global network to increase efficiency and introducing new products to satisfy local markets. However, the economic downturn in the U.S. and Europe continues to negatively affect Honda’s operations, especially the Power Products and Other business.
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| Posted: 27 Jul 2010 05:00 AM PDT Abbott Labs’ (NYSE:ABT) diverse businesses enable the company to deliver a steady stream of revenue and earnings.
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| Posted: 27 Jul 2010 05:00 AM PDT Linear Technology Corp (NASDAQ:LLTC) received a rush of estimate revisions following its latest earnings release, sending the consensus higher.
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| Bull Of The Day: Gannett Co., Inc. (GCI) Posted: 27 Jul 2010 05:00 AM PDT Gannett (NYSE:GCI) is expected to benefit from positive trends witnessing in both print and digital advertising with advertisers spending gaining pace. Consequently, the rate of fall in advertising revenue is decelerating.
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| Stock Buy: Avago Technologies Limited Posted: 27 Jul 2010 05:00 AM PDT Avago Technologies Limited (AVGO) continues to trade near its 52-week high after reporting better than expected Q2 results in late May that included a 7% earnings surprise. With an attractive valuation and bullish next-year estimate, this stock has some nice upward momentum.
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| Stock Buy: Cytec Industries Inc. Posted: 27 Jul 2010 05:00 AM PDT Cytec Industries Inc. (NYSE:CYT) just reported record second quarter earnings as sales of building block chemicals soared 89%.
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| Posted: 27 Jul 2010 05:00 AM PDT UBS AG (NYSE:UBS) has posted its third consecutive quarter of net profit aided by strong contribution from its Investment Bank division and a drop in client money outflows. UBS AG reported a second quarter net profit of CHF 2.0 billion ($1.9 billion) compared with a profit of CHF 2.2 billion in the prior quarter and a loss of CHF 1.4 billion in the year-ago quarter. Operating income increased to CHF 9.2 billion from CHF 9.0 billion in the prior quarter and CHF 5.8 billion in the year-ago … [visit site to read more]
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| Mutual Funds: Top 5 High Yield Funds Posted: 27 Jul 2010 05:00 AM PDT Investors with a reasonably high appetite for risk in pursuit of significantly high income levels would do well to consider high yield bonds. This category of fixed-income securities generally represents corporate bonds with low ratings, often below investment grade. A significant amount of risk is therefore associated with these investments and mutual funds are the best option to invest in these instruments. By investing in a well diversified portfolio of such securities they successfully … [visit site to read more]
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| ALPS Advisors Files Papers For Global Fixed-Income Active ETF Posted: 27 Jul 2010 04:00 AM PDT On July 22nd, ALPS Advisors filed a preliminary prospectus for an actively-managed ETF that will focus on investing globally in fixed-income securities. The fund will be called the RiverFront Strategic Income Fund. ALPS Advisors was one of the first companies to actively market ETFs to the financial adviser community when ETFs were first launched in the US in the 90s. ALPS currently manages $92 million in ETF assets as of June 2010, according to NSX data, amongst 6 different ETFs. ALPS also … [visit site to read more]
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