EMN posts
FeedPosted Jul 19th 2009 9:00AM by Jamie Dlugosch (RSS feed)
Filed under: Stocks to Sell
Similar to Dupont, I selected Eastman Chemical (NYSE: EMN) as a stock to avoid due to rising input prices and low margins. It is a simple formula that cannot be broken: If a company cannot pass along higher costs, it will make less.
The market has yet to grasp that concept with respect to EMN. The stock has more than doubled since bottoming in March and has skyrocketed during the second quarter. This is in stock contrast to the poor performance at Dupont.
Continue reading Stock to avoid #6 -- Eastman Chemical (EMN)
Posted Apr 12th 2008 5:40PM by Trey Thoelcke (RSS feed)
Filed under: Earnings reports, Dell (DELL), General Electric (GE), Target Corp. (TGT), Advanced Micro Dev (AMD), Alcoa Inc (AA), , duPont(E.I.)deNemours (DD), United Parcel'B' (UPS), Genentech Inc (DNA), , Rite Aid Corp (RAD)
Here are some highlights from this past week's earnings coverage from BloggingStocks:
Continue reading Earnings highlights: GE, Alcoa, Circuit City, UPS, Dell, DuPont, AMD and others
Posted Apr 10th 2008 10:55AM by Larry Schutts (RSS feed)
Filed under: Good news, Dow Chemical (DOW), Technical Analysis, Stocks to Buy
Eastman Chemical Company (NYSE: EMN) manufactures
and markets chemicals, fibers and plastics. Key products include coatings, adhesives, specialty plastics, cellulose acetate fibers, polyethylene terephthalate polymers for packaging, and intermediates based on oxo and acetyl chemistries. The company has operations in 23 countries and employees 11,000. Dow Chemical (NYSE: DOW) is a major competitor.
Eastman surprised investors earlier in the week, when it issued upside guidance for first quarter earnings. The firm now sees Q1 EPS of $1.30, versus the Street consensus estimate of $1.21. Management said that continued strong sales volume and higher selling prices offset higher raw material and energy costs.
Continue reading Eastman Chemical Company (EMN): Shares define bullish 'flag'
Posted Feb 4th 2008 12:44PM by Larry Schutts (RSS feed)
Filed under: Earnings reports, Dow Chemical (DOW), Technical Analysis, Stocks to Buy
Eastman Chemical Company (NYSE: EMN) manufactures
and markets chemicals, fibers and plastics. Key products include coatings, adhesives, specialty plastics, cellulose acetate fibers, polyethylene terephthalate polymers for packaging, and intermediates based on oxo and acetyl chemistries. The company has operations in 23 countries and employees 11,000. Dow Chemical (NYSE: DOW) is a major competitor.
Eastman surprised investors late last month, when it reported Q4 EPS of $1.27 and revenues of $1.74 billion. Analysts had been expecting $1.11 and $1.67 billion. Management also guided Q1 EPS above $1.19 ($1.19 consensus) and estimated FY08 EPS of $5.06 ($4.92 consensus).
Continue reading Eastman Chemical Company (EMN): Price forming bullish 'flag"
Posted Jul 23rd 2007 10:30AM by Kevin Shult (RSS feed)
Filed under: Analyst reports, Analyst upgrades and downgrades, Good news, AFLAC Inc (AFL), , Amgen Inc (AMGN)
MOST NOTEWORTHY: Anheuser-Busch (BUD), Imax Corp (IMAX), Amgen (AMGN), Fifth Third Bancorp (FITB) and TiVO (TIVO) were today's noteworthy upgrades:
- Citigroup upgraded shares of Anheuser-Busch (NYSE: BUD) to Hold from Sell as they see a 70% chance of an alliance between Anheuser-Busch and InBev in the next two years; they believe such a merger would create a market leader.
- Merriman upgraded IMAX Corp (NASDAQ: IMAX) to Buy from Neutral after IMAX removed its overhang by completing SEC filings, while fundamentals have remained strong.
- Citigroup upgraded Amgen (NASDAQ: AMGN) to Hold from Sell to reflect the potential for CMS to roll back proposed reimbursement cuts in oncology, an improving risk/reward profile and the potential for positive phase 3 denosumab data by year-end.
- Kaufman upgraded TiVO (NASDAQ: TIVO) to Buy from Sell as indicators of the change in its business model suggest a positive transaction. The firm feels the the EchoStar (DISH) litigation provides an attractive risk/reward potential, creating an attractive entry point...
OTHER UPGRADES:
- Aflac (NYSE: AFL) was upgraded at Lehman to Overweight from Underweight.
- Navteq (NYSE: NVT) was upgraded to Buy from Neutral at UBS.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).Posted Feb 26th 2007 3:24PM by Jon Ogg (RSS feed)
Filed under: Alcoa Inc (AA), NYSE Euronext (NYX), Dow Chemical (DOW)
On today's
STOP TRADING! segment on CNBC, Cramer discussed the NYSE Group Inc. (NYSE:NYX) as still being the most attractive stock in the exchange sector even though IntercontinentalExchange Inc. (NYSE:ICE) has rallied the most.
This isn't Cramer's first note on NYX, as that was his
#1 Growth Pick for 2007. On TXU Corp. (NYSE:TXU) merging, Cramer thinks that McDermott International (NYSE:MDR) is down too much at -5% on concern that it will lose TXU business.
Foster Wheeler Ltd (NASDAQ:FWLT) is one that Cramer thinks is still great on a post-asbestos basis. On Dow Chemical (NYSE:DOW), Cramer said the history of these deals may keep them up and he noted how Alcoa (NYSE:AA) has not fallen. Eastman Chemical Co. (NYSE:EMN) is the one he would do right now because it is too cheap. He also like Louisiana-Pacific Corp. (NYSE:LPX) after temple-Inland Inc. (NYSE:TIN) FINALLY announced its own break-up it had hoped for when he was a broker in 1991.