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Earnings Highlights: Amazon, Caterpillar, General Dynamics, Netflix, P&G, 3M, Verizon ...

Here are some highlights from this past week's earnings coverage on BloggingStocks:

  • Amazon.com Inc. (AMZN) better-than-expected Q4 numbers due to strong holiday sales of media products.
  • BlackRock Inc. (BLK) reported strong Q4 results and doubled assets under management due to an acquisition.
  • Caterpillar Inc. (CAT) shares fell despite better-than-expected Q4 earnings as guidance fell short of the Street view.
  • DeVry Inc. (DV) reported better-than-expected Q2 numbers due to increasing enrollments, which lifted shares.
  • EMC Corp. (EMC) reported strong Q4 results that beat the Street view and offered full-year guidance.
  • General Dynamics Corp. (GD) Q4 results fell short of expectations and its guidance was less than estimates.

Continue reading Earnings Highlights: Amazon, Caterpillar, General Dynamics, Netflix, P&G, 3M, Verizon ...

United Technologies Reports Fourth-Quarter Earnings

This morning, United Technologies (UTX) reported fourth-quarter earnings of $1.15 per share and net income of $1.1 billion. The current results include a charge of eight cents per share from restructuring costs. The post-charge results matched the consensus estimate of $1.15. The company reported sales of $14.1 billion during the fourth quarter, which was better than the consensus estimate for $13.8 billion.

Looking ahead, UTX forecast full-year 2010 earnings growth between 7% and 13%. The company forecast its full-year profit between $4.40 and $4.65 per share.

Continue reading United Technologies Reports Fourth-Quarter Earnings

General Electric's Fourth Quarter Shows Profit Drop

General Electric Company (GE) is not a stock beloved by its shareholders. I'm one of them, and I can tell you that I sometimes find myself still unable to process the fall the once mighty icon of Wall Street has taken because of too much financial exposure. I look to every earnings report for signs of a true recovery in the conglomerate, a restoration to its former glory. The latest Q4 report doesn't necessarily do anything to point me in such direction, but I keep trying to tell myself it's going to be a while, and to hang in there.

According to the company press release, GE, whose colleagues include Citigroup, Inc. (C) and United Technologies (UTX), experienced a 10% drop in total sales and a 22% decline in per-share profit, the latter coming in at 28 cents from continuing operations. Thankfully, 28 cents was a couple pennies above the estimate given at Earnings.com.

Continue reading General Electric's Fourth Quarter Shows Profit Drop

The 10/10 Dividend Club

Looking for dividend-paying blue chip stocks? Chuck Carlson is a leading expert on dividend reinvestment plans.

In The DRIP Investor, he looks at the 10/10 Club -- stocks that have boosted their payouts by 10% a year for at least 10 years. He explains,"The table below features seven stocks that belong to the exclusive '10/10' club:

Continue reading The 10/10 Dividend Club

Options Update: IBM volatility near 28-month lows; shares near record high

IBM (IBM) closed at $128.39. IBM December option implied volatility is at 19, August is at 21; below its 26-week average of 27 according to Track Data, suggesting decreasing price movement.

United Technologies (UTX) closed at $67.41. United Technologies is scheduled to host and investor meeting in New York after the market close on December 10. December option implied volatility is at 26; January is at 25; below its 26-week average of 30, according to Track Data, suggesting decreasing price movement.

Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com

Cramer on BloggingStocks: Mixed feelings on the BofA capital raise

TheStreet.com's Jim Cramer says it's good they could raise $19 billion so fast, but there are lots of reasons to be tentative here.

You have to have mixed emotions about this Bank of America (BAC) (Cramer's Take) deal. It's terrific that in 24 hours, a company that has no CEO and no history of making money during this tough period can raise $19 billion. But it is not terrific that $19 billion in buying power disappeared like that in a market where $19 billion actually matters, and is a precursor to maybe triple that figure that has to be raised within a short period of time.

Remember when we first did the TARP raises, the initial guys did pretty well but as we went down the path it got tougher and the stocks got hammered more, and you wanted to be short all of the financials even though the early ones popped.

Continue reading Cramer on BloggingStocks: Mixed feelings on the BofA capital raise

Cramer on BloggingStocks: Dismiss the latest tech downgrades

TheStreet.com's Jim Cramer says the world's economies are getting too strong to obey these downgrades of Intel and TI.

When Wall Street starts looking at tech companies as they would industrials -- as they should be scrutinized -- then we will not get downgrades like Bank of America/Merrill's takedowns of Intel (INTC) (Cramer's Take) and Texas Instruments (TXN) (Cramer's Take).

The essence of these two downgrades is the looming inventory correction that everyone has feared from $14 a share onward for Intel and $18 for Texas Instruments at the start of the summer. At every step I have heard of this coming breakdown, the double ordering and the decline in demand as one analyst after another has warned us of the apocalypse around the corner.

Continue reading Cramer on BloggingStocks: Dismiss the latest tech downgrades

United Technologies fires up a deal with GE

While General Electric's (GE) fire alarm and security business is solid, it's simply not big enough to keep the company's interest. In such an industry, it's critical to be the industry leader.

So this week, GE agreed to sell the unit to United Technologies (UTX) for $1.82 billion. Rumors of the deal have been buzzing since the summer.

Continue reading United Technologies fires up a deal with GE

Before the bell: Stocks to open lower despite Wal-Mart's beat

U.S. stock futures were lower Thursday morning after the Dow industrials hit yet another 13-month high on Wednesday, but the S&P 500 couldn't close above the 1,100 level. Even though Wal-Mart beat earnings and improved its outlook, futures declined as investors await weekly jobs data.

Wal-Mart Stores Inc. (WMT) posted third-quarter profit of 84 cents a share, above Bloomberg's analyst estimates for profit of 81 cents. Wal-Mart also upped its full-year profit above estimates, but fourth quarter guidance barely matched projections. Sales grew by just 1% in the quarter. WMT shares slid over 1% in pre-market trading.

Continue reading Before the bell: Stocks to open lower despite Wal-Mart's beat

United Technologies knows the development of emerging markets has only just begun

The jet age is starting to re-assert itself, which is why I'm Reiterating my Buy rating for United Technologies (NYSE: UTX), first recommended on February 13, 2009 at a price of $47.09. If you bought UTX in February, you're up about 35%.

The projected 3-4% FY2010 revenue growth for UTX is looking a tad low, due to large order backlogs for both Boeing (NYSE: BA) and Airbus. Wall Street had factored-in some order deferments/cancellations, and that did weigh on United Technologies shares this summer, but now it appears the D/Cs will not be as large, which removes a potential revenue cloud.

Continue reading United Technologies knows the development of emerging markets has only just begun

Earnings highlights: AutoZone, Carnival, CarMax, ConAgra, General Mills, RIM ...

Here are some highlights from last week's earnings coverage from BloggingStocks:

Continue reading Earnings highlights: AutoZone, Carnival, CarMax, ConAgra, General Mills, RIM ...

Cramer on BloggingStocks: Weak dollar powering profits

TheStreet.com's Jim Cramer says the weak dollar is benefiting U.S. corporations and no longer going against them.

Why have the industrials been so red-hot? Why do they seem to levitate? One reason, of course, is that people think the economy's getting better. A second reason is that even if the economy stands still vs. last year the comparisons will be amazing and nothing gets the juices going more rapidly than easy comparisons.

Why will they be so glaring? First, the layoffs have been brutal, the cost-cutting immense and it hasn't hurt at all ... yet. It is totally and unequivocally positive.

Continue reading Cramer on BloggingStocks: Weak dollar powering profits

Cramer on BloggingStocks: Fundamental distortion

TheStreet.com's Jim Cramer says the action that is linked to the futures markets, such as oil, is distorting rational analysis.

Maybe one day we can escape the commodity linkage and begin to trade on the fundamentals again, something that seems more distant now than any time I can recall. We are totally marching to gold, to oil, to copper, and not the fundamentals.

Throughout the era in which China has become a superpower and hedge funds have become the super arbiters or what goes up or down, we have been stuck with this fairly bogus linkage that corrupts trading and makes a mockery out of some of the most important financial analysis out there, the actual attempts to discover what's really happening at companies.

Continue reading Cramer on BloggingStocks: Fundamental distortion

Technical trade #4: United Technologies (UTX)

united technologies technical analysisUnited Technologies Corp. (NYSE: UTX) provides technology products and services to the building systems and aerospace industries.

Its stock has built a strong base that began in October 2008. In early July, UTX flashed a bullish gold cross. Then, in mid-August, it broke out from a quadruple-top.

Continue reading Technical trade #4: United Technologies (UTX)

Six technical trades that are off the charts

technical analysis tradesIf you're looking for the most accurate way to predict the direction a stock or the market is headed, technical analysis is it.

Of course, no chart pattern is accurate all of the time (which is why technical analysis is more of an art than a science), but it's the closest you're going to get to a sure thing in the stock market.

So I'm offering up six technical trades today. Each of these stocks' charts are giving off extremely bullish signals and look ready to run higher.

Continue reading Six technical trades that are off the charts

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DJIA+150.2510,058.64
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S&P 500+13.781,070.52

Last updated: February 09, 2010: 10:43 PM

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