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Newell Rubbermaid's Q2: Market Wasn't Too Excited

Newell Rubbermaid (NWL) logoLast time I wrote about Newell Rubbermaid (NWL), in a piece published way back in January, I was a bit too conservative on the stock's short-term prospects. As this chart will show, the shares eventually rose for a while after the fourth-quarter report was released.

However, they have pulled back somewhat from the 52-week high of $17.96. The company closed Friday's session at a price of $15.50, representing a very modest decline in reaction to the second-quarter earnings numbers that were released before the market was open for business.

Continue reading Newell Rubbermaid's Q2: Market Wasn't Too Excited

Allergan Second Quarter Earnings Preview

Allergan logoDrug manufacturer Allergan, Inc. (AGN) will be reporting its second quarter results on Monday, with analysts expecting to see an 8% earnings increase from the same period last year.

Analysts have forecast earnings of $0.81 for the quarter, versus $0.75 during the same period last year.

Allergan has managed to outpace analyst estimates for each of the past six quarters, and has not failed to at least match estimates since the first quarter of 2007.

Continue reading Allergan Second Quarter Earnings Preview

Avon Increases Adjusted Income in Q2

Avon Products (AVP) does not have a beautiful chart. It shows a stock that has had trouble making a breakout to the upside. The boring range is defined by a low of $25 and a high of $36.39.

On Thursday, the company reported second-quarter data. Sales rose 8%. On an adjusted basis, net income was 48 cents per share; this compares very nicely to the 38 cents per share booked in the year-ago period. Analysts were hoping for 45 cents per share. Operational cash flow over the last two quarters more than tripled to $241 million.

Continue reading Avon Increases Adjusted Income in Q2

MetLife Q2 Earnings Beat Estimates

MET logoMetLife (MET - option chain) shares are rising today after the company reported earnings last night, posting a second-quarter profit of $1.5 billion, or $1.84 per share. MET's operating income came in at $1.23 per share on revenue of $12.83 billion. Analysts had forecast a profit of $1.00 per share on revenue of $13.05 billion. If you think that the stock won't fall by too much in the coming months, then now could be a good time to look at a bullish hedged trade on MET.

MET opened this morning at $41.25. So far today the stock has hit a low of $40.50 and a high of $47.75. As of 12:10, MET is trading at $41.95 up $1.75 (4.3%). The chart for MET looks bullish and S&P gives MET a positive 4 STARS (out of 5) buy ranking.

Continue reading MetLife Q2 Earnings Beat Estimates

Coinstar Hammered After Disappointing Earnings

Coinstar (CSTR) logoIt seems that 92% year-over-year earnings growth wasn't quite enough to impress Wall Street. Shares of DVD rental kiosk operator Coinstar Inc. (CSTR) are taking a beating as traders pan the company's softer-than-forecast second-quarter results and lackluster revenue forecast.

For the recently concluded quarter, Coinstar banked a profit of $13.4 million, or 41 cents per share, up from last year's results of $7 million, or 23 cents per share. Revenue for the quarter climbed 35% to $342.4 million. As recently as May, Coinstar predicted its quarterly revenue would arrive between $363 million and $383 million.

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Quarterly Earnings: Goodyear and RadioShack

goodyear earningsLet's take a look at two companies that reported quarterly numbers on Thursday. One is a concern that helps cars have a smooth, safe ride; the other is a business that helps consumers buy the electronics they need.

The Goodyear Tire & Rubber Company (GT) has a one-year chart that I would argue is not too attractive. The 52-week low on the stock is $9.65; the 52-week high is $18.84. Yesterday, the shares were under pressure after the release of the second-quarter report. They closed down 5.7% to $11.27 on Thursday. Volume was very strong.

Continue reading Quarterly Earnings: Goodyear and RadioShack

Amgen Posts Better-Than-Expected Q2 Earnings

amgen second quarter earnigns previewShares of biotech giant Amgen, Inc. (AMGN) are trading slightly higher in after hours trading this afternoon after the company delivered better than expected earnings for its second quarter.

Going into this afternoon's earnings report, analysts had been expecting to see Amgen report $1.30 per share, but the company was able to beat out analyst estimates by reporting an actual $1.38 for the quarter.

Continue reading Amgen Posts Better-Than-Expected Q2 Earnings

Kellogg Down After Quarterly Report -- No Need to Worry

So Kellogg (K) is not the toast of Wall Street today. At the time of this writing, shares were off by close to 6%, coming in at a quote of $48.50. Are you kidding me? A defensive stock like this one is off by almost 6%? Yes, my friends, it happens. Makes you wonder what is truly defensive and what isn't, am I right?

Shareholders have no choice but to go along for the ride. Then again, they do have a choice. Perhaps they could add to their position on the dip. After all, is Kellogg through as a long-term idea?

Continue reading Kellogg Down After Quarterly Report -- No Need to Worry

American Axle Targeted by a Pre-earnings Straddle

auto manufacturingAmerican Axle & Manufacturing Holdings (AXL) is prepping for its turn in the earnings spotlight. The auto parts issue is slated to confess its second-quarter results ahead of Friday's opening bell, and at least one speculator is looking for a major post-event move from the shares. Bright and early Thursday morning, an ambivalent options trader opened an at-the-money straddle on AXL.

Specifically, the trader simultaneously purchased several matching blocks of August 9 puts and calls. With AXL trading just pennies above $9, both of these options are at the money. By scooping up equal numbers of puts and calls at the same strike, the trader is hoping to capitalize on a drastic move higher or lower from the security.

Continue reading American Axle Targeted by a Pre-earnings Straddle

Earnings Releases from Comcast and Visa

Comcast (CMCSA) and Visa (V) reported earnings on Wednesday. Following is my brief take on each of them.

Comcast is a big name in cable, and it's waiting to close on a deal with General Electric (GE) involving the latter company's NBC Universal. It will be interesting to see if Comcast's management team can properly synergize with the studio.

Continue reading Earnings Releases from Comcast and Visa

Newmont Mining Earnings Miss Estimates

Newmont Mining (NEM), the world's largest gold producer, reported net income of $382 million or 77 cents a share, up from $162 million or 31 cents per share a year earlier. This was below analysts' estimates of 84 cents, according to Bloomberg. Sales rose 34% to $2.15 billion. Shares of Newmont fell 38 cents Wednesday to $55.40 per share.

Heavy rains in Indonesia were responsible for a shortfall at the Batu Hijau mine. Production there was down 6.8% to 82,000 ounces. This compares with 88,000 ounces during the first quarter. Gold output was also less than expected at Newmont's Boddington mine in Australia.

Continue reading Newmont Mining Earnings Miss Estimates

CVS Caremark Up on Earnings News

CVS Caremark (CVS), whose competitors include Rite Aid (RAD) and Walgreen (WAG), was up during the early-afternoon session. At the time of this writing, the shares were higher by $1.34, or 4.4%. At a price of $31.94, they were trading well below the 52-week high of $38.27.

The one-year chart is...interesting. I'm not sure an investor could look at it and confidently say with certainty where the stock is heading from here. However, for those who were already considering the company, they can at least be confident that they'd be buying lower instead of higher.

Continue reading CVS Caremark Up on Earnings News

Cephalon Falls On Disappointing Full-Year Forecast

CEPH logoCephalon (CEPH - option chain) stock is trading lower today after the company reported second-quarter earnings of $89.1 million, or $1.11 per share yesterday evening. Excluding one-time items, CEPH earned $2.05 per share, or $712.4 million. Analysts had forecast a profit of $1.77 per share on revenue of $693 million. However, shares of the stock are trading lower today after the company forecast 2010 revenue of $2.63 to $2.71 billion, below analysts' estimates of $2.73 billion. If you think this stock won't be rising too far in the coming months, then it could be a good time to look at a bearish hedged play on CEPH.

This morning, CEPH opened at $60.67. So far today the stock has hit a high of $61.42 and a low of $58.71. As of 12:15, CEPH is trading at $59.24, down $3.66 (-5.8%). The chart for CEPH looks bullish and S&P gives CEPH a positive 4 STARS (out of 5) buy ranking.

Continue reading Cephalon Falls On Disappointing Full-Year Forecast

Buffalo Wild Wings Bolts Higher on Earnings Beat

Buffalo Wild Wings (BWLD) logoBuffalo Wild Wings (BWLD) is significantly higher after the restaurant chain topped analysts' second-quarter earnings expectations.

After Tuesday's closing bell, Buffalo Wild Wings reported a quarterly profit of $9.2 million, or 50 cents per share, up from its year-ago earnings of $7.0 million, or 39 cents per share. Revenue for the period climbed 12.4% to $145.7 million. Analysts surveyed by Thomson Reuters were anticipating earnings of just 42 cents per share on $141.5 million in revenue.

Continue reading Buffalo Wild Wings Bolts Higher on Earnings Beat

Broadcom Earnings Top Estimates, but Is It Time to Take Profits?

Broadcom (BRCM) posted second-quarter data Tuesday after the bell. The reaction to the numbers was neither bad nor the biggest pop you've ever seen. The shares moved higher by just under 1%, coming in at $37.85.

According to the Associated Press, the tech company that prides itself on being an expert on semiconductors for communication products, made 66 cents per share on an adjusted basis. This was four pennies ahead of estimates. Net sales powered higher by over 50%, in-line with projections.

Continue reading Broadcom Earnings Top Estimates, but Is It Time to Take Profits?

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Symbol Lookup
IndexesChangePrice
DJIA-1.2210,465.94
NASDAQ+3.012,254.70
S&P 500+0.071,101.60

Last updated: August 01, 2010: 01:38 AM

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