Continue reading Goodyear Drops After Preferred Stock Offering

Goodyear Drops After Preferred Stock Offering originally appeared on BloggingStocks on Mon, 28 Mar 2011 13:30:00 EST. Please see our terms for use of feeds.

Analyst Upgrades

• Goodyear Tire (GT) to Overweight from Underweight at Morgan Stanley.
• Salix (SLXP) to Outperform from Market Perform at Wells Fargo.
• Euroseas (ESEA) to Outperform from Market Perform at FBR Capital.
• Norfolk Southern (NSC) and Hexcel (HXL) to Outperform from Sector Perform at RBC Capital.
• BB&T (BBT) and Triangle Capital (TCAP) to Buy from Neutral at Janney Capital.
• Mobile TeleSystems (MBT) to Outperform from Neutral at Credit Suisse.
• Affymax (AFFY) to Buy from Hold at Auriga.
• Vanguard Natural (VNR) and Tortoise Energy (TYY) to Outperform from Neutral at RW Baird.
• Protective Life (PL) to Neutral from Underperform at BofA/Merrill.

Continue reading Analyst Calls: ARO, BBT, CSX, GT, KR, NSC, ORCL, SWHC ...

Analyst Calls: ARO, BBT, CSX, GT, KR, NSC, ORCL, SWHC ... originally appeared on BloggingStocks on Fri, 11 Mar 2011 11:30:00 EST. Please see our terms for use of feeds.

Goodyear Tire and Rubber (GT) finally remounted major, psychological resistance at $10, pushing all the way to $15.35 this winter, before pulling back slightly. I first discussed the stock here on May 5, 2009, at a price of $13.30, and I obviously still like the shares.

Assuming the price of oil doesn't rise to the price of a preferred Bulova watch, the U.S. economic expansion will continue, and that demand, along with the global market, will generate at least adequate tire demand in the immediate years ahead.

Continue reading Is Goodyear Undervalued?

Is Goodyear Undervalued? originally appeared on BloggingStocks on Sun, 27 Feb 2011 11:20:00 EST. Please see our terms for use of feeds.

Goodyear Tire & Rubber (GT), North America's largest tire maker, posted losses in the forth quarter and for the year. This marks the third-straight annual loss.

To stave off further deterioration, the company is closing its Tennessee plant. In 2009, union negotiations left the plant unprotected, meaning that it could be closed at the company's discretion.

Continue reading Goodyear Posts Third-Straight Annual Loss

Goodyear Posts Third-Straight Annual Loss originally appeared on BloggingStocks on Thu, 10 Feb 2011 11:00:00 EST. Please see our terms for use of feeds.

Things look to be pretty quiet on the economic calendar this week. Here are the highlights:

• Tuesday: Weekly chain-store sales
• Wednesday: Federal budget balance for January
• Thursday: Wholesale trade data in December
• Friday: Trade balance in December and the weekly inflation survey

However, three iconic companies -- Walt Disney (DIS), Coca-Cola (KO) and Hasbro (HAS) -- highlight this week's quarterly results. Here's a look at what analysts surveyed by Thomson Reuters are anticipating from these and others.

Continue reading Week in Preview: Coca-Cola, Disney and Hasbro Earnings

Week in Preview: Coca-Cola, Disney and Hasbro Earnings originally appeared on BloggingStocks on Sun, 06 Feb 2011 12:30:00 EST. Please see our terms for use of feeds.

Analyst Upgrades

• Xilinx (XLNX) to buy from hold at Auriga.
• Orion Energy (OESX) to buy from neutral at Roth Capital.
• Goodyear Tire (GT) to buy from fair value at CRT Capital.
• RadioShack (RSH) to neutral from underperform at Wedbush.
• Novo Nordisk (NVO) to buy from neutral at Goldman.

Continue reading Analyst Calls: ADBE, CE, CISG, DOW, ELN, GT, NSC, NVO, RSH, XLNX ...

Analyst Calls: ADBE, CE, CISG, DOW, ELN, GT, NSC, NVO, RSH, XLNX ... originally appeared on BloggingStocks on Tue, 25 Jan 2011 12:00:00 EST. Please see our terms for use of feeds.

Continue reading Rubber Jumps to Record High

Rubber Jumps to Record High originally appeared on BloggingStocks on Tue, 04 Jan 2011 14:00:00 EST. Please see our terms for use of feeds.

Continue reading Goodyear Down On Q3 Report

Goodyear Down On Q3 Report originally appeared on BloggingStocks on Thu, 28 Oct 2010 17:00:00 EST. Please see our terms for use of feeds.

Continue reading Quarterly Earnings: Goodyear and RadioShack

Quarterly Earnings: Goodyear and RadioShack originally appeared on BloggingStocks on Fri, 30 Jul 2010 09:00:00 EST. Please see our terms for use of feeds.

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

• Activision Blizzard Inc. (ATVI) saw shares rise following its report of better-than-expected Q1 earnings.
• Beazer Homes USA Inc. (BZH) posted a Q2 profit and revenue growth, and announced a stock offering.
• CBS Corp. (CBS) reported improvements in both Q1 net income and cash flow, but shares declined.
• Clorox Co. (CLX) posted Q3 earnings that were higher than analysts had expected and offered weak guidance.
• First Solar Inc. (FSLR) reported quarterly earnings that easily topped analysts' expectations.

Continue reading Earnings Highlights: CBS, Clorox, Goodyear, MasterCard, News Corp., Time Warner ...

Earnings Highlights: CBS, Clorox, Goodyear, MasterCard, News Corp., Time Warner ... originally appeared on BloggingStocks on Sat, 08 May 2010 15:40:00 EST. Please see our terms for use of feeds.

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

• Aflac Inc. (AFL) higher Q1 earnings were better than analysts expected, due in part to a stronger yen.
• Automatic Data Processing Inc. (ADP) Q3 EPS were the same as a year ago and revenue inched higher.
• BlackRock Inc. (BLK) higher Q1 earnings fell short of analysts' expectations due to acquisition-related charges.
• Broadcom Corp. (BRCM) posted record revenue in Q1 and swung to a profit from a year-ago loss.
• Burger King Holdings Inc. (BKC) topped Wall Street's Q3 earnings estimate, but same-store sales fell.

Continue reading Earnings Highlights: Caterpillar, Comcast, DreamWorks, Ford, Kodak, P&G and More

Earnings Highlights: Caterpillar, Comcast, DreamWorks, Ford, Kodak, P&G and More originally appeared on BloggingStocks on Sat, 01 May 2010 12:40:00 EST. Please see our terms for use of feeds.

Akron-based Goodyear Tire & Rubber (GT) announced that its first-quarter loss was "significantly smaller" than last year's first-quarter loss. The smaller loss was realized despite a one-time charge stemming from currency devaluation in Venezuela.

Goodyear's president and CEO Richard J. Kramer noted that the company is "very pleased with our strong first quarter [sic] performance," adding that the company believes it is "starting to see the benefits of the strategic actions [it] took last year, including [the] commitment to launch innovative new products during an economic downturn." Kramer attributes the company's gains in both sales and earnings to these strategic actions.

Continue reading Goodyear Tire & Rubber Narrows Quarterly Loss

Goodyear Tire & Rubber Narrows Quarterly Loss originally appeared on BloggingStocks on Wed, 28 Apr 2010 11:30:00 EST. Please see our terms for use of feeds.

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

• Abercrombie & Fitch Co. (ANF) lower Q4 earnings topped estimates and same-store sales also declined.
• Campbell Soup Co. (CPB) reaffirmed its earnings outlook but lowered its revenue forecast for the full year.
• Daimler AG (DAI) provided guidance for the year that included slashing its dividend, sending shares lower.
• Dell Inc. (DELL) lower Q4 earnings beat estimates by a penny but it didn't offer guidance, sending shares lower.
• Goodyear Tire & Rubber Co. (GT) easily topped Q4 earnings estimates and revenue increased as well.

Continue reading Earnings Highlights: Campbell, Dell, Goodyear, JCPenney, Merck, Playboy ...

Earnings Highlights: Campbell, Dell, Goodyear, JCPenney, Merck, Playboy ... originally appeared on BloggingStocks on Sat, 20 Feb 2010 13:40:00 EST. Please see our terms for use of feeds.

You can check out a summary of the release at DailyFinance. Yeah, it appears as if the analysts were a little bit off this reporting period. Then again, I wouldn't blame them for being pessimistic. Back in October, all indicators pointed to a tough Q4 for the company. The stock was hammered at the time.

Continue reading Goodyear May Have Had a Good Q4, but I'm Not Buying

Goodyear May Have Had a Good Q4, but I'm Not Buying originally appeared on BloggingStocks on Fri, 19 Feb 2010 16:00:00 EST. Please see our terms for use of feeds.

As so often happens at this point in the earnings season, focus begins to shift to the results from retailers. And the world's largest retailer is among those that step into the spot light this week.

Analysts surveyed by Thomson Reuters are looking for Wal-Mart Stores Inc. (WMT), which was aggressively competitive during the holiday shopping season and also recently announced a new global strategy, to report fourth-quarter earnings of $1.12 per share, up from $1.03 per share in the year-ago period. Revenue for the three months that ended in January is expected to have risen 4.9% to $114.5 billion. The full-year forecast calls for earnings of $3.61 per share (+5.3%) on $409.1 billion in revenue (+0.9%). Walmart has not missed earnings estimates in the past five quarters.

Continue reading The Week in Preview: A First Look at Retail: Walmart, JCPenney and Others

The Week in Preview: A First Look at Retail: Walmart, JCPenney and Others originally appeared on BloggingStocks on Sun, 14 Feb 2010 12:30:00 EST. Please see our terms for use of feeds.

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

• Aetna Inc. (NYSE: AET) reported better-than-expected Q3 earnings and revenue, sending shares higher.
• Allergan Inc. (NYSE: AGN) reported better-than-expected Q3 numbers, sending shares higher.
• Bare Escentuals Inc. (NASDAQ: BARE) Q3 profit easily topped analysts' estimates, and shares surged.
• Cabot Oil & Gas Corp. (NYSE: COG) received an upgrade following the release of its Q3 numbers.
• Estee Lauder Companies Inc. (NYSE: EL) reported strong Q1 results, sending shares higher.
• E*Trade Financial Corp. (NASDAQ: ETFC) reported a smaller-than-expected net loss for Q3.
• Goodyear Tire & Rubber Co. (NYSE: GT) Q3 earnings topped estimates and revenue was up sequentially.

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

Earnings highlights: Aetna, Allergan, E*Trade, Goodyear, RadioShack, SAP, Visa ... originally appeared on BloggingStocks on Sat, 31 Oct 2009 16:10:00 EST. Please see our terms for use of feeds.

Analyst upgrades:

• Sierra Wireless (NASDAQ: SWIR) was upgraded at Jefferies to Hold from Underperform following Q3 results. The firm believes the Wavecom acquisition integration is progressing better than expected and finds the valuation attractive at current levels. The firm raised its price target to $10 from $5.
• Boston Properties (NYSE: BXP) was upgraded to Buy from Hold at Deutsche Bank to reflect the company's recapitalization and better-than-expected occupancy. The firm raised its target to $69 from $46.
• Wyndham (NYSE: WYN) was upgraded to Outperform from Market Perform at FBR Capital after the shares sold off following the company's Q3 results. The firm raised its target to $23 from $15.
• Human Genome (NASDAQ: HGSI) was upgraded to Overweight from Neutral at JPMorgan. Target was raised to $25 from $14.
• Urban Outfitters (NASDAQ: URBN) was upgraded to Overweight from Market Weight at Thomas Weisel as they expect a "meaningful sales and earnings improvement in Q4." Target was raised to $39 from $32.
• Methanex (NASDAQ: MEOH) was upgraded to Buy from Neutral at UBS, citing improved methanol demand following the Q3 report. Target was raised to $19.50 from $17.
• Buffalo Wild Wings (NASDAQ: BWLD) was upgraded at Raymond to Market Perform from Underperform.

Continue reading Analyst upgrades, downgrades and initiations: ADBE, HAL, GCI, GT, IMAX, URBN ...

Analyst upgrades, downgrades and initiations: ADBE, HAL, GCI, GT, IMAX, URBN ... originally appeared on BloggingStocks on Thu, 29 Oct 2009 10:30:00 EST. Please see our terms for use of feeds.

The Goodyear Tire & Rubber Company (NYSE: GT) sold off on Wednesday by nearly 20%. Volume was vastly above average. The third-quarter earnings release was the culprit. Although, at first glance, you might wonder what the heck is wrong.

Sales were down 15% in Q3 on a year-over-year basis, but they did improve 11% on a sequential basis. The company increased GAAP earnings per share by more than 100% to 30 cents. According to Bloomberg, income was 45 cents per share after items were excluded, five pennies ahead of expectations.

Continue reading Is Goodyear a good bet after the Q3 report?

Is Goodyear a good bet after the Q3 report? originally appeared on BloggingStocks on Thu, 29 Oct 2009 09:00:00 EST. Please see our terms for use of feeds.

The Obama administration has announced that it is imposing tariffs on Chinese tire imports. The three-year plan will be have 35% tariffs the first year, 30% tariffs the second year, and 25% tariffs the third year.

This is good news for U.S. tire manufacturers and bad news for Chinese tire makers. American consumers will pay more for tires over the next three years than they would if they could buy cheap Chinese tires, but it will be a benefit for U.S. big labor and domestic tire makers as their products will be more competitive.

Continue reading American jobs, Chinese tires or trade war?

American jobs, Chinese tires or trade war? originally appeared on BloggingStocks on Sun, 13 Sep 2009 13:40:00 EST. Please see our terms for use of feeds.

Continue reading Goodyear Tire's uptrend is clear

Goodyear Tire's uptrend is clear originally appeared on BloggingStocks on Fri, 11 Sep 2009 14:40:00 EST. Please see our terms for use of feeds.