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Earnings highlights: Aetna, Allergan, E*Trade, Goodyear, RadioShack, SAP, Visa ...

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

Continue reading Earnings highlights: Aetna, Allergan, E*Trade, Goodyear, RadioShack, SAP, Visa ...

Earnings highlights: Baidu, Dreamworks, Honda, Microsoft, Target, Verizon ...

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

Continue reading Earnings highlights: Baidu, Dreamworks, Honda, Microsoft, Target, Verizon ...

Earnings highlights: Aflac, Avon, BP, Hershey, Kellogg, Nintendo, P&G, Sprint ...

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

Continue reading Earnings highlights: Aflac, Avon, BP, Hershey, Kellogg, Nintendo, P&G, Sprint ...

Chevron's third quarter earnings preview

Chevron earnings previewOil giant Chevron Corp. (NYSE: CVX) will get its chance to impress Wall Street before the market opens Friday when it reports its third quarter results.

The last time the company reported earnings was back in July when it was unable to meet analyst estimates by posting 87 cents per share verse estimates for 95 cents. Traders seem optimistic that the company will meet expectations this time around and are driving the stock up 2.5% in today's trading.

Continue reading Chevron's third quarter earnings preview

ConocoPhillips earnings preview: Q3 profits, revenue expected to slump

ConocoPhillips (NYSE: COP), the Houston-based oil and gas giant, is scheduled to discuss its third quarter 2009 financial results in a conference call Wednesday at 11:00 AM ET. You can catch the live webcast of the call on the company's website.

During the three months that ended in September, ConocoPhillips, entered a joint venture in Abu Dhabi, upgraded its inventory software, and declared a quarterly dividend. Analysts surveyed by Thomson Reuters expect this integrated energy company to report that earnings plunged 71.7% from a year ago to $0.94 per share. Revenue for the quarter is expected to be 49.5% lower to $35.4 billion, due to weak demand and low prices.

Continue reading ConocoPhillips earnings preview: Q3 profits, revenue expected to slump

Sunday Funnies: Market rising in spite of high unemployment

Since the stock market bottomed in March of this year, it has been firing on all cylinders -- except for those in the auto industry who manufacture the most cylinders of course. This year has not been kind to them.

For months, many have been surprised at the rapid rise, given the level of unemployment. During this same period, Wall Streeters have been dancing up and down, looking forward to more bonuses.

As the number of unemployed has climbed and the period of same has lengthened, many have wondered how business could be improving during a time when the consumer (those still left) has transformed from spender to saver.

Continue reading Sunday Funnies: Market rising in spite of high unemployment

Chasing Value: GE -- the Exxon of water

While I'm chasing value, General Electric (NYSE: GE) is chasing revenue from water projects. It may not amount to much now, but GE is betting it will be huge some day and it has been working towards this goal for many years.

Although GE had estimated 2009 revenue of $2.5 billion from the water business, that is only a meager 1.6% of the $156 billion in worldwide sales generated by its major business divisions that the world's largest maker of jet engines and electricity-producing turbines is expected to generate this year.

Continue reading Chasing Value: GE -- the Exxon of water

Exxon Mobil (XOM) gives boost to student achievement

Exxon Mobil Advanced Placement trainingStudents from 12 high schools in Alabama have been benefiting from a education program founded by the world's largest oil company, Exxon Mobil Corporation (NYSE: XOM).

Students in the Advanced Placement Training and Incentive Programs in Alabama's Jefferson County and Montgomery saw a very impressive 81% increase in passing scores in Advanced Placement math classes.

Continue reading Exxon Mobil (XOM) gives boost to student achievement

Higher fuel prices in China translate to record profits for Sinopec

Demand rose after China eased restrictions on fuel prices last December, and that translated a record second-quarter profit for Asia's biggest refiner, China Petroleum & Chemical Corp., also known as Sinopec.

Beijing-based Sinopec's net income surged to 22 billion yuan ($3.22 billion) in the three months that ended June 30, according to estimates by Bloomberg News. That easily topped the analysts' consensus estimate of 15.8 billion yuan.

Continue reading Higher fuel prices in China translate to record profits for Sinopec

Oil prices boost oil stocks at support (PTR, XOM, CVX)

They say you should buy low and sell high, which is easy to say but hard to do. How low is low and how high is high?

Sometimes technical support and resistance levels can be helpful in finding those highs and lows. Right now oil stocks like Exxon Mobil Corp. (NYSE: XOM), PetroChina Company Ltd. (NYSE: PTR) and Chevron Corp. (NYSE: CVX) are just bouncing off support that may be the "low" many traders are looking for.

Continue reading Oil prices boost oil stocks at support (PTR, XOM, CVX)

Earnings highlights: Verizon, RadioShack, MetLife, Kellogg, Exxon, Disney ...

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

Continue reading Earnings highlights: Verizon, RadioShack, MetLife, Kellogg, Exxon, Disney ...

Exxon Mobil (XOM) profit down 66%

Exxon Second Quarter EarningsThis morning Exxon Mobil (NYSE: XOM) reported its second quarter numbers, and the oil giant posted its lowest profit in nearly six years.

Going into this morning's earnings announcement analysts were expecting to see the company show earnings of $1.02 per share. Exxon did not even come close, with a reported 84 cents per share excluding one time items.

Continue reading Exxon Mobil (XOM) profit down 66%

Analyst upgrades, downgrades and initiations: CIEN, GOLD, GS, INTU, KBH, XOM ...

Analyst upgrades:

  • Oppenheimer upgraded Amdocs (NYSE: DOX) to Outperform from Perform on expectations the company is gaining momentum following recent contract wins. The firm set a $27 price target on the stock.
  • FBR Capital upgraded Starwood Hotels (NYSE: HOT) to Market Perform from Underperform after raising the Lodging sector to Overweight from Neutral. The firm cites improving demand data, potential foreign exchange benefits, and continued asset sales for the upgrade and raised its target price on Starwood to $19 from $14.
  • BofA/Merrill upgraded Goldman Sachs (NYSE: GS) to Buy from Neutral. The firm expects Goldman to beat Q2 estimates due favorable trading and underwriting conditions. The firm raised estimates and increased its price target to $175 from $144.
  • Jefferies (NYSE: JEF) was upgraded to Neutral from Sell at Pali Capital.
  • KB Home (NYSE: KBH) was upgraded to Outperform from Neutral at Credit Suisse.
  • Ciena (NASDAQ: CIEN) was upgraded to Market Perform from Underperform at JMP Securities.

Continue reading Analyst upgrades, downgrades and initiations: CIEN, GOLD, GS, INTU, KBH, XOM ...

Royal Dutch Shell crowned world's largest corporation

Who said big oil was a dying business? Fortune has released its Global 500, their "annual ranking of the world's largest corporations," and topping the charts is Royal Dutch Shell (NYSE: RDS.A), which, much like a Mariah Carey song, bumped up into the coveted number-one slot after some time at number three. The Netherlands-based oil company trumped its U.S. rival, Exxon Mobil (NYSE: XOM) by $15 billion in sales and saw its revenue spike nearly 29% from 2007.

Speaking of Exxon, the company once again had a tiger in its tank, ranking number two in the world as oil futures bounced around in a nearly $100-dollar range, hitting $146 per barrel at its heights.

Continue reading Royal Dutch Shell crowned world's largest corporation

The week in preview: Focus returns to earnings: Alcoa, Chevron, Family Dollar

The second half of the calendar year has begun, and earnings return to the spotlight this week. As usual, Alcoa Inc. (NYSE: AA) is among the first of the S&P 500 to report quarterly results. For the second quarter in which Alcoa agreed to sell its wire harness and electrical distribution business and its fastening systems business expanded into Morocco, analysts surveyed by Thomson Reuters expect the New York-based aluminum producer to report swinging to a net loss of $0.34 per share from a profit of $0.66 per share in the year-ago period. Second quarter revenue is expected to have fallen 48.3% to $3.9 billion. The full-year forecast is currently for a loss of $1.04 per share and revenue of $16.7 billion (-38.0%). Alcoa has missed expectations in the past three quarters, by as much as 17 cents per share. The long-term EPS growth forecast is 10.0%, which is better than the sector average. Alcoa slashed its dividend earlier this year, and the First Call consensus recommendation remains to hold AA. However, TheStreet.com recommends it as an against-the-grain pick. At $9.86, shares are down 12.4% since the beginning of the year, and recently have been bumping up against the 200-day moving average.

Continue reading The week in preview: Focus returns to earnings: Alcoa, Chevron, Family Dollar

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DJIA+17.4610,023.42
NASDAQ+7.122,112.44
S&P 500+2.671,069.30

Last updated: November 08, 2009: 06:51 PM

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