earnings

Market Week Wrap-up

– Leading global equity indices continued floating upwards this week while the inflation drumbeat just kept getting louder. In the US, the January y/y CPI figure hit +1.6%, its highest level since last spring, and some analysts were alarmed by higher food prices creeping into CPI data sooner than expected. China’s January CPI report was lower than expected at +4.9% y/y, but markets panned the figures as heavily massaged by basket revisions. In the UK, the BoE said CPI would likely continue growing at a 4-5% clip over the short term. The World Bank released a report indicating that food prices were up 15% since October 2010 and are now only 3% away from record highs hit in 2008. Commodities moves complicated the story somewhat. While silver has pushed out to 30-year highs, there were signs that inflated soft commodity prices were beginning to unwind, with cotton and grain prices both below recent highs. Crude and gold prices have been impacted by reports that Iran is sending warships through the Suez Canal and bloody protests in Bahrain (next door to Saudi Arabia), although WTI futures were well below recent highs seen in early February. The Obama Administration unveiled its $3.73T budget proposal for 2012, including an all-time high deficit of $1.65T, reflecting the tax-cut agreement reached with Republicans in December. For 2012, the administration sees the imbalance declining to $1.1T, giving the country a record four straight years of one trillion-plus deficits. Bond prices held steady after the details were released, and Congress sharpened its knives for a budget fight. The Feb Empire Manufacturing survey hit its highest level since last June, indicating that the US manufacturing expansion seen over the last several months is continuing. On Friday there was plenty of commentary out of the G20 conference, where leaders tried mightily to achieve some concrete steps in reforming the global monetary system. Fed Chairman Bernanke took a swipe at the Chinese in his policy address to the G20, warning that nations which keep currency values low create imbalances, while the PBoC’s Zhou continued to push for a higher profile for the IMF’s Special Drawing Rights (SDRs). For the week, the DJIA rose 1.0%, the Nasdaq gained 0.9% and the S&P500 was up 1.0%. – John Deere crushed earnings and revenue targets in its Q1 report and nearly doubled its guidance for FY11 equipment sales. The firm hiked its sales guidance for its key agriculture and construction units as well, and said its Q2 revenue would blow out consensus estimates. Later in the week Caterpillar released very favorable dealer metrics for the month of January, with North America machinery sales up a whopping 58% y/y in the month. – Iron ore miner Cliffs Natural Resources reported very strong Q4 profits on a big y/y gain in iron ore pricing. The company expects global steel production to continue to grow in 2011, although it warned that spot iron ore prices are unsustainably high. Reliance Steel also blew out earnings estimates, and said pricing would remain strong at least through the first quarter of 2011. – In tech, Dell’s profit was way ahead of the consensus in its Q4 report, thanks to a big improvement in margins. The company said it believes the corporate IT…

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Market Wrap-Up for Feb.18 (JWN, CF, DLR, SWK, EOG, WTW, more)

We’re saw a gradual rise for the DOW as other indices remained fairly flat, finishing what has been a generally solid week for the averages. We added a new yield-focused name to our recommended list today, while also removing three growth names from our list as well. Be sure to check out Dividend.com Premium for those stories if you did not read the e-mail alerts we sent out earlier today. Elsewhere, earnings results are lifting shares of Digital Realty Trust ( DLR ), a recent addition to our recommended list. Nordstrom ( JWN ) bounced off of earlier levels and closed higher following the company’s earnings report, as well as news the company was buying a private sales e-commerce company. Wall Street upgrades pushed several stocks higher, including Stanley Black & Decker ( SWK ), EOG Resources ( EOG ), and Raytheon ( RTN ). On the downside, fertilizer play CF Industries ( CF ) sold off after reporting better-than-expected results. Weight Watchers ( WTW ) also gave back just a smidgen of yesterday’s huge gains. The speculation in the venture capital space continues to rage on as we continue to hear about huge rounds of money being raised at ever-climbing market valuations. Mark Cuban just came out with some comments that echoed what I have been saying about the “game” that is going on, where eventually regular investors get burned with the usual late invitations to participate (post-IPO after the insiders have already cashed…

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ConocoPhillips (COP): Portfolio Anchor

Filed in Bank Gold, commodities, Conoco, earnings, HAL, o, revenue, Tegra by on February 18, 2011 0 Comments
ConocoPhillips (COP): Portfolio Anchor

Filed under: Newsletters , ConAgra Foods (CAG) , Commodities , Oil , Stocks to Buy “ConocoPhillips ( COP ) is not only my favorite integrated oil company, it is also on the short-list of my favorite stocks, period,” says Nathan Slaughter . The editor of Street Authority Market Advisor explains, “The company is raking in cash; the integrated oil giant pocketed $2.0 billion in net profits last quarter on $53.2 billion in revenues. “For all of 2010, earnings soared nearly 160% to $11.4 billion. That percentage gets cut in half when you exclude one-time gains and charges. Still, it’s a good time to be a shareholder. Continue reading ConocoPhillips (COP): Portfolio Anchor ConocoPhillips (COP): Portfolio Anchor originally appeared on BloggingStocks on Fri, 18 Feb 2011 10:00:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments

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EOG Resources’ Target, Estimates Boosted at Goldman Sachs (EOG)

Natural gas producer EOG Resources, Inc. ( EOG ) on Friday saw its price target and earnings estimates raised by analysts at Goldman Sachs. The firm maintained its “Buy” rating on EOG and boosted its price target from $117 to $121. That new target implies a 16% upside to the stock’s Thursday closing price of $104.22. Goldman also raised its earnings estimates for the company through 2013, following its better-than-expected fourth quarter earnings results. The analyst commented, “EOG remains a leader in developing horizontal resource plays, and the combination of superior liquids growth (28% expected CAGR 2011-14), superior cash-on-cash returns (13.7% 2011-14 avg) and exploration upside as reasons why EOG should not trade at a discounted EV/EBITDA multiple vs. peers.” EOG Resources shares rose $1.04, or +1%, in premarket trading Friday. The Bottom Line Shares of EOG Resources ( EOG ) have a .59% dividend yield, based on last night’s closing stock price of $104.22. The stock has technical support in the $95-$100 price area. If the shares can firm up, we see overhead resistance around the $110-$114 price levels. EOG Resources, Inc. ( EOG ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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CF Industries Q4 Profit Beats View on Rising Fertilizer Demand (CF)

Filed in CF Industries, dividend, earnings, Gold Investing, o, revenue, shares by on February 18, 2011 0 Comments

Fertilizer maker CF Industries Holdings, Inc. ( CF ) late Thursday posted better-than-expected fourth quarter earnings results, aided by strong demand for its products and the addition of sales from its acquisition of rival Terra Nitrogen. The Deerfield, IL-based company reported fourth quarter net income of $200.3 million, or $2.78 per share, compared with $51.4 million, or $1.04 per share, in the year-ago period. Excluding one-time items, adjusted profit was $2.65 per share. Revenue more than doubled from last year to $1.24 billion. On average, Wall Street analysts expected a smaller profit of $2.56 per share, on lower revenue of $1.19 billion. CF Industries shares fell 81 cents, or -0.6%, in premarket trading Friday. The Bottom Line CF Industries ( CF ) has been an “aggressive” recommendation for us, but is not a name we think yield-focused investors should be considering. The company has a .27% dividend yield, based on last night’s closing stock price of $147.81. CF Industries Holdings, Inc. ( CF ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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Progress Energy Q4 Profit Slips 19%; Adjusted Net Beats View (PGN)

Filed in dividend, earnings, Gold Investing, Gold Investment, o, revenue, shares by on February 18, 2011 0 Comments

Electric utility operator Progress Energy, Inc. ( PGN ) on Friday said its fourth quarter profit fell 19% from last year on flat revenue, but adjusted results narrowly beat analyst expectations. The Raleigh, NC-based company reported fourth quarter net income of $125 million, or 42 cents per share, compared with $154 million, or 55 cents per share, in the year-ago period. Excluding one-time items, adjusted profit was 45 cents per share. Revenue remained essentially flat from last year at $2.3 billion. On average, Wall Street analysts expected a slightly smaller adjusted profit of 44 cents per share, albeit on slightly higher revenue of $2.4 billion. Looking ahead, the company predicted full-year 2011 earnings to range from $3 to $3.20 per share, while analysts expect $3.14 per share for the year. Progress also noted that its planned acquisition by rival Duke Energy ( DUK ) is still on track to close by the end of the year. Progress Energy shares were mostly flat in premarket trading Friday. The Bottom Line We have been recommending shares of Progress Energy ( PGN ) since Dec.10, 2009, when the stock was trading at $41.18. The company has a 5.40% dividend yield, based on last night’s closing stock price of $45.92. Progress Energy, Inc. ( PGN ) is a “Recommended” dividend stock, holding a Dividend.com DARS™ Rating of 3.5 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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Campbell Soup Shares Plunge after Cutting 2011 Forecast (CPB)

Filed in dividend, earnings, Gold Bullion prices, o, revenue, shares by on February 18, 2011 0 Comments

Packaged foods maker Campbell Soup Company ( CPB ) on Friday posted fiscal second quarter earnings that met analyst expectations, but cut its full-year outlook, sending its shares plummeting in premarket trading. The Camden, NJ-based company reported fiscal second quarter net income of $239 million, or 71 cents per share, compared with $259 million, or 74 cents per share, in the year-ago period. Revenue fell 1% from last year to $2.13 billion. On average, Wall Street analysts expected a matching profit of 71 cents per share, albeit on slightly higher revenue of $2.15 billion. Looking ahead, the company cut its full-year 2011 outlook, citing weaker-than-expected soup sales. It now expects full-year revenue to range from a 1% decline to a 1% rise, and forecast profits to fall 1% to 3%. Campbell Soup shares plunged $1.45, or -4.2%, in premarket trading Friday. The Bottom Line We recently removed shares of Campbell Soup ( CPB ) from our recommended list. The company has a 3.32% dividend yield, based on last night’s closing stock price of $34.94. The stock has technical support in the $30 price area. If the shares can firm up, we see overhead resistance around the $36 price level. Campbell Soup Company ( CPB ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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Nordstrom Q4 Profit Jumps 35%; Will Acquire HauteLook for $180 Million (JWN)

Filed in dividend, earnings, Gold, o, revenue, shares by on February 18, 2011 0 Comments

Fashion retailer Nordstrom, Inc. ( JWN ) late Thursday said its fourth quarter profit surged 35% from last year, beating analyst estimates, as the company announced the acquisition of discount luxury website HauteLook. The Seattle-based company reported fourth quarter net income of $232 million, or $1.04 per share, compared with $172 million, or 77 cents per share, in the year-ago period. Revenue rose 10% from last year to $2.92 billion. On average, Wall Street analysts expected a smaller profit of 99 cents per share, on lower revenue of $2.83 billion. Looking ahead, the company forecast full-year 2011 earnings to range from $2.95 to $3.10 per share. Analysts currently expect $3.04 per share for the year. In a separate announcement, Nordstrom said it would buy discount luxury goods website HauteLook for $180 million in stock. Nordstrom shares fell $1.27, or -2.7%, in premarket trading Friday. The Bottom Line Shares of Nordstom ( JWN ) have a 1.72% dividend yield, based on last night’s closing stock price of $46.48. The stock has technical support in the $40-$44 price area. If the shares can firm up, we see overhead resistance around the $50 price level. Nordstrom, Inc. ( JWN ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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Market Wrap-Up for Feb.17 (WTW, DPS, CLF, WMB, KO, LO, SJM, more)

Filed in AMAG, Apple, dividend, earnings, Ford, Gold, Gold Bullion prices, lead, o, shares by on February 17, 2011 0 Comments

It was an overall steady day for the markets, along with a decent number of dividend payouts coming over the wires. Earnings boosted several dividend names, but the biggest winner of the day was Weight Watchers ( WTW ) after the company just stunned analysts with the size of its 2011 earnings estimates. Shares of WTW rallied over $20 this morning on that news. Other earnings plays that had a good day included recently-recommended name Dr. Pepper Snapple Group ( DPS ). Cliffs Natural Resources ( CLF ) and J.M. Smucker Company ( SJM ) traded in the green as well following earnings results. Williams Co. ( WMB ) was up on news the company will be splitting in two. The company also announced a dividend boost. Late in the morning, beverage giant Coca-Cola ( KO ) announced a 7% increase in its dividend payout. Tobacco play Lorillard ( LO ) announced a 16% increase in its dividend payout to lift shares almost 2%. We had removed shares of Lorillard from our recommended list recently on concerns we have surrounding the coming FDA judgement/opinion on use of menthol in cigarettes, which accounts for the majority of Lorillard’s sales. I have to admit, I am a big fan of American Idol. My kids and I really enjoy the whole “dreams can come true” mindset for the contestants. Last night was another episode of “cut-downs” as singers needed to perform as part of groups. It’s always interesting to see the type of friction this can cause as egos are clashing everywhere you turn. What amazes me is that often times the individual performers that we thought were amazing on their own, begin to crumble when taken into a different situation. They lose sight of what needs to be done to get through to the next rounds. You see some completely unravel and throw the opportunity they had once cherished right down the drain. This phenomenon isn’t unlike the investing world in that many individuals know what needs to get done to build wealth, but for some reason or another, can not seize the moment. Whether it is just putting some extra coin to the side every month, spending some money to find quality research and investment ideas, or swallowing their pride when an investment idea doesn’t pan out, investors consistently make big mistakes. I know the market continues to move higher and some people may be waiting for a pullback. There is nothing wrong with doing so, but don’t skip your monthly investments you can be making because of that. There are plenty of good yield plays that you can still find to put money to work in, even after the nice run the market has had. Taking financial responsibility and knowing what you can afford to do is the key. I talk about investing in quality dividend-paying stocks as a great way to build up your future income, but if you are spending like there’s no tomorrow as well, then that is a risk that could eventually negate all the good you might be doing on the investment side. Saving is a mantra that needs to also be adopted…

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Semiconductor’s Brocade (BRCD), ON Semi (ONNN) and National (NSM) Jumping Today

Semicondutors Brocade Communications Systems, Inc. (NASDAQ:BRCD), ON Semiconductor Corp. (NASDAQ:ONNN) and National Semiconductor Corporation (NYSE:NSM) are all trading positive today, led by Brocade, which has enjoyed the largest gains in the semi sector today. Brocade Communications Systems, Inc. made the biggest move in anticipation of its earnings report after the market closes. Brocade was

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Weight Watchers 2011 Forecast Blows Away Expectations; Shares Rocket Higher (WTW)

Filed in dividend, earnings, Gold Bullion prices, Guidance, o, revenue, shares by on February 17, 2011 0 Comments

Weight management specialist Weight Watchers International, Inc. ( WTW ) on Thursday posted better-than-expected fourth quarter earnings and provided at 2011 forecast that wowed investing, sending its shares soaring in premarket trading. The New York-based company reported forth quarter net income of $48.9 million, or 66 cents per share, compared with just $18.7 million, or 24 cents per share, in the year-ago period. Excluding items, adjusted profit was 64 cents per share. Revenue jumped almost 15% from last year to $356.7 million. On average, Wall Street analysts expected a smaller profit of 56 cents per share, on lower revenue of $321 million. The company’s real surprise came in its guidance. For 2011, WTW said it expects full-year earnings to range from $3.50 to $3.85 per share, which would absolutely blow away analysts’ view for $2.77 per share. Weight Watchers shares surged $14.88, or +33%, in premarket trading Thursday. The Bottom Line Shares of Weight Watchers ( WTW ) have a 1.56% dividend yield, based on last night’s closing stock price of $44.92. The stock is blowing through all-time high levels of $57-$58 a share this morning. We’ll see if this level of overhead resistance plays a role in the stock as the day progresses. Weight Watchers International, Inc. ( WTW ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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Dr Pepper Snapple Q4 Profit Falls, but Still Beats View; Shares Rise (DPS)

Filed in Apple, dividend, earnings, Gold Bullion prices, o, shares by on February 17, 2011 0 Comments

Beverage giant Dr Pepper Snapple Group Inc. ( DPS ) on Thursday posted better-than-expected fourth quarter earnings, sending its shares soaring in premarket trading. The Plano, TX-based company reported fourth quarter net income of $112 million, or 49 cents per share, compared with $114 million, or 44 cents per share, in the year-ago period. Excluding one-time items, adjusted profit was 67 cents per share. Net sales rose 4% from last year to $1.41 billion. On average, Wall Street analysts expected a smaller adjusted profit of 63 cents per share. Looking ahead, the company forecast full-year 2011 earnings to range from $2.70 to $2.78 per share, while analysts expect $2.72 per share for the year. Dr Pepper Snapple shares rose $1.50, or +4.4%, in premarket trading Thursday. The Bottom Line We recently added shares of Dr.Pepper Snapple Group ( DPS ) to our recommended list. The company has a 2.92% dividend yield, based on last night’s closing stock price of $34.25. Dr Pepper Snapple Group Inc. ( DPS ) is a “Recommended” dividend stock, holding a Dividend.com DARS™ Rating of 3.5 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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