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Bonds Are a 'Safe' Investment: A Big Lie Gets Even BiggerHere are some highlights from this past week's earnings coverage from BloggingStocks:
- Akamai Technologies Inc. (NASDAQ: AKAM) earnings prospects garnered an analyst's upgrade.
- Applied Materials Inc. (NASDAQ: AMAT) warned of a loss for the quarter due to the economic slowdown.
- Burger King Holdings Inc. (NYSE: BKC) posted lower Q2 profit and revenue that missed estimates.
- Clorox Co. (NYSE: CLX) Q2 profit fell but beat estimates, and it reaffirmed its full-year guidance.
- Dow Chemical Co. (NYSE: DOW) swung to a Q4 loss and warned that low demand will continue.
- Hartford Financial Group Inc. (NYSE: HIG) posted a loss, cut its dividend, and offered weak guidance.
- International Paper Co. (NYSE: IP) earnings prospects garnered an analyst's downgrade.
- Marathon Oil Corp. (NYSE: MRO) reported a Q4 net loss due to a large writedown but beat estimates.
- Merck & Co. Inc. (NYSE: MRK) swung to a better-than-expected profit, sending shares higher.
- News Corp. (NYSE: NWS) Q2 results fell well short of estimates and revenue fell as well.
- Overstock.com Inc. (NASDAQ: OSTK) reported a Q4 profit but that was due to one-time gains.
- Spectra Energy Corp. (NYSE: SE) Q4 numbers resulted in an analyst's upgrade.
- Toyota Motor Corp. (NYSE: TM) sank into the red in Q3 and expects its first annual loss since 1950.
- Walt Disney Co. (NYSE: DIS) posted dismal Q1 numbers due in part to lower ad sales and park attendance.
For more highlights from this week, see Time Warner, BP, Cisco, Motorola, Visa and others and UPS, Kraft, Mattel, Avon, Northrop Grumman and others.
Also, Jim Cramer says recent earnings suggest the worst is yet to come. Sam Collins suggests that with 40% of the S&P already having reported earnings, things may begin looking up. Jim Cramer also looks to China to drive future growth.
Upcoming earnings releases include Hasbro (NYSE: HAS), Vulcan Materials (NYSE: VMC), Whirlpool (NYSE: WHR), Applied Materials (NASDAQ: AMAT), Qwest Communications (NYSE: Q), Molson Coors (NYSE: TAP), DirecTV (NYSE: DTV), Ingersoll-Rand (NYSE: IR), Reynolds American (NYSE: RAI), Dean Foods (NYSE: DF), Aetna (NYSE: AET), Rio Tinto (NYSE: RTP), McAfee (NYSE: MFE), Marriott (NYSE: MAR), Coca-Cola (NYSE: KO), Viacom (NYSE: VIA), Abercombie & Fitch (NYSE: ANF), Pepsico (NYSE: PEP).
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