Tag: 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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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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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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Is Warren Buffett Heading for the Exits?

Is Warren Buffett Heading for the Exits?

Nobody ever rings a bell at the top. That’s why sometimes it is instructive to keep an eye on so-called “smart-money”—especially when they make a move towards the door. All of which, strikes me as curious since just a few months ago the grandfatherly Buffett said, “I am a huge bull on this country. We are not going to have a double-dip recession at all. I see our businesses coming back across the board.” Hmmmm…I wonder if he has changed his mind on this one. From Bloomberg by Andrew Frye entitled: Berkshire Exits BofA ‘a Loser’ on Three-Year Holding. “Warren Buffett’s Berkshire Hathaway Inc. sold its stake in Bank of America Corp., ending an investment that spanned three and a half years in which the lender’s stock lost more than two-thirds of its value Buffett’s firm had no shares in the Charlotte, North Carolina-based bank at the end of 2010, compared with 5 million shares three months earlier, Berkshire said late yesterday in a regulatory filing that lists the company’s U.S. stockholdings. Berkshire, where Buffett serves as chief executive officer and head of investments, entered the Bank of America stake with the purchase of 8.7 million shares in the second quarter of 2007. The lender’s CEO at the time, Kenneth Lewis, was expanding through acquisitions and telling investors that the U.S. housing slump would be over within months. “He’s closing out a loser,” said Jeff Matthews, author of “Pilgrimage to Warren Buffett’s Omaha,” whose Ram Partners LP invests in Berkshire and Bank of America. “We bought it during the crisis. But its earnings power coming out the crisis has been reduced.” Berkshire also eliminated its stakes in Nike Inc., Comcast Corp., Nalco Holding Co., Fiserv Inc., Lowe’s Cos. and Becton, Dickinson & Co. in the fourth quarter. In November, Berkshire disclosed that it had sold holdings of Home Depot Inc., trash hauler Republic Services Inc. and Iron Mounta”in Inc., a provider of records management. Buffett’s U.S. portfolio had 25 stocks and a value of about $52.6 billion at the end of December.” Maybe there is nothing to see here, but I don’t think so. You just can’t trust a guy that plays a ukulele. Related Articles: Warren Buffett’s Dividend Stock Strategy The Good Works of Bill Gates and Warren Buffett Ben Graham’s Winning Investment Advice Warren Buffett: The Investor of the Year To learn more about Wealth Daily click here. Advertisement Samurai Super Alloy It was the secret ingredient that turned an ordinary sword into the legendary Samurai Katana— the deadliest weapon before the arrival of modern rifles. Today, it’s crucial to the $987billion/

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Celgene (CELG): A Biotech Takeover Target?

Filed in Bank Gold, ceo, earnings, jp morgan, o, revenue, target by on February 15, 2011 0 Comments
Celgene (CELG): A Biotech Takeover Target?

Filed under: Newsletters , Stocks to Buy “As tradition holds, Celgene ( CELG ) gave the first presentation at the recent 29th JP Morgan Healthcare Conference, where CEO Bog Hugin focused on Celgene’s ongoing plans to become a world-wide company and expansion into global markets,” reports John McCamant . The biotech specialist and editor of The Medical Technology Stock Letter explains, “They expect 2011 to be the first year where the company earns a majority of sales outside the U.S. The company is currently conducting 25 Phase III trials on its various drugs. “Celgene also announced 4th quarter 2010 earnings last week, and revenue was down 16%, mostly based on costs incurred due to the Abraxis acquisition. Continue reading Celgene (CELG): A Biotech Takeover Target? Celgene (CELG): A Biotech Takeover Target? originally appeared on BloggingStocks on Tue, 15 Feb 2011 13:00:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments

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Kimberly-Clark (KMB): Clean Up with Kleenex

Filed in Bank Gold, dividend, earnings, o by on February 14, 2011 0 Comments
Kimberly-Clark (KMB): Clean Up with Kleenex

Filed under: Newsletters , Kimberly-Clark (KMB) , Stocks to Buy “When it comes to longevity, it’s hard to beat the Kimberly-Clark Corp. ( KMB ); this US paper and healthcare product manufacturer was founded in 1872,” says income expert Amy Calistri . The editor of The Daily Paycheck explains, “While we tend to think of as a staid and steady company, Kimberly-Clark has a long history of innovation, supporting a lifetime of earnings and dividend growth. “Kimberly-Clark was the first company to put toilet tissue on a roll. It invented the ‘disposable handkerchief’ — or what we know as the iconic Kleenex. Continue reading Kimberly-Clark (KMB): Clean Up with Kleenex Kimberly-Clark (KMB): Clean Up with Kleenex originally appeared on BloggingStocks on Mon, 14 Feb 2011 13:00:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments

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FBR Analyst: Annaly Capital Still an “Outperform,” but Wary of Possible Dividend Cut (NLY)

Filed in dividend, earnings, FBR Capital, Gold Investing, o, outperform, shares, target by on February 11, 2011 0 Comments

Analysts at FBR Capital on Friday passed along some interesting opinions regarding real estate-related investment manager Annaly Capital Management, Inc. ( NLY ) on Friday. Although the firm maintained its “Outperform” rating and $20 price target on NLY, it noted a dividend cut could be in the works for the company. An FBR analyst commented, “We reiterate our rating and price target on NLY shares despite last week’s weaker-than-expected 4Q10 earnings results. While the results give us pause as to the viability of the current dividend, we believe that shares remain attractive from a long-term, risk-adjusted total return perspective. With a historically steep yield curve, the FOMC estimated to be on hold for at least another year, and declining prepayment speeds, we continue to believe that the operating environment is set up for NLY to deliver mid-to-high teen ROEs, and likewise dividend yields, for the foreseeable future.” Annaly Capital shares were mostly flat in premarket trading Friday. The Bottom Line Shares of Annaly Capital ( NLY ) have a 14.29% dividend yield, based on last night’s closing stock price of $17.92. The stock has technical support in the $15-$17 price area. If the shares can firm up, we see overhead resistance around the $20 price level. Annaly Capital Management, Inc. ( NLY ) 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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Kraft Foods Q4 Profit Falls on Acquisition Costs; Forecast Cut (KFT)

Filed in dividend, earnings, Gold Investment, o, revenue, shares by on February 11, 2011 0 Comments

Packaged foods giant Kraft Foods Inc. ( KFT ) late Thursday said its fourth quarter profit plunged 24% from last year due to Cadbury acquisition costs, and lowered its full-year outlook on cost concerns. The Northfield, IL-based company reported fourth quarter net income of $540 million, or 31 cents per share, compared with $710 million, or 48 cents per share, in the year-ago period. Excluding one-time items, adjusted profit was 46 cents per share. Revenue surged 30% from last year, due mostly to the addition of Cadbury revenue, to $13.77 billion. On average, Wall Street analysts expected a matching profit of 46 cents per share, on lower revenue of $13.48 billion. Looking ahead, the company warned that weak consumer confidence and rising ingredient costs would affect its bottom line. Kraft said it now expects 11% to 13% earnings growth for the year, compared with a prior forecast for growth in the “mid-teens.” Kraft shares fell 81 cents, or -2.6%, in premarket trading Friday. The Bottom Line We have been recommending shares of Kraft Foods ( KFT ) since May 5, 2009, when the stock was trading at $24.26. The company has a 3.73% dividend yield, based on last night’s closing stock price of $24.26. Kraft Foods Inc. ( KFT ) 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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Goodyear Posts Third-Straight Annual Loss

Filed in AIG, AT T, earnings, o, Spot Gold by on February 10, 2011 0 Comments
Goodyear Posts Third-Straight Annual Loss

Filed under: Earnings Reports , Goodyear Tire and Rubber (GT) 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 . Permalink | Email this | Comments

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Coca-Cola’s Earnings Surge

Filed in acquisitions, Coca Cola, earnings, EPS, New Gold, o, revenue, Spot Gold by on February 10, 2011 0 Comments
Coca-Cola’s Earnings Surge

Filed under: Earnings Reports , Coca-Cola (KO) , PepsiCo (PEP) Last year, Coca-Cola ( KO ) acquired Coca-Cola Enterprises’ North American bottling operations. In addition, volume in North America rose 3%, excluding acquisitions and the currency impacts. These two factors gave the company an outstanding quarter. The company has taken market share from its rival PepsiCo ( PEP ). Coca-Cola reported Wednesday earnings of $5.77 billion, or $2.46 a share, up from $1.54, or 66 cents per share, a year ago, according to The Wall Street Journal . Excluding benefits from bottling acquisition, earnings were 72 cents a share. Revenues increased 40% to $10.5 billion, and were up 45% excluding currency impacts. Gross margins fell to 59.2% from 64.7%. Continue reading Coca-Cola’s Earnings Surge Coca-Cola’s Earnings Surge originally appeared on BloggingStocks on Thu, 10 Feb 2011 10:00:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments

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Cisco Systems Earnings: Net Income Falls 18%

Filed in Cisco, earnings, New Gold, o, revenue by on February 10, 2011 0 Comments
Cisco Systems Earnings: Net Income Falls 18%

Filed under: Earnings Reports , Cisco Systems (CSCO) , Technology Bellwether technology company Cisco Systems ( CSCO ) reported second-quarter profit fell, although it still topped analysts forecasts. Net income sank 18% to $1.5 billion or 27 cents a share, from $1.9 billion or 32 cents a year ago, as reported in the New York Times . Revenue climbed 6% to $10.4 billion from $9.8 billion in the quarter a year ago. On an adjusted basis, income was 37 cents a share, beating Thomson Reuters forecast of 35 cents a share on revenue of $10.24 billion. Continue reading Cisco Systems Earnings: Net Income Falls 18% Cisco Systems Earnings: Net Income Falls 18% originally appeared on BloggingStocks on Thu, 10 Feb 2011 09:30:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments

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Market Wrap-Up for Feb.9 (RL, DIS, AGU, IR, CSC, NYX, NOK, AAPL, more)

Federal Reserve Chairman Ben Bernanke was on the hot seat today as he gave his annual Washington presentations. With the markets being significantly higher than they were this time last year, he was certainly feeling better about some of the recent data. Some of his statements pointed to increased evidence that a self-sustaining recovery in consumer and business spending may be taking hold. Also, real consumer spending rose at an annual rate of more than 4 percent in the fourth quarter. There is no question that we have been seeing economic stabilization, and the markets have certainly been pricing stocks as if the lift can be sustained. We actually made some ratings changes this morning, removing four names from our recommended list. We continue to see opportunities in the market, but we are also aware that some names may just not have the risk/reward profile we are searching for, so we need to make changes when we see fit. You can check out the post if you did not read the e-mail alert we sent out to Dividend.com Premium members earlier. The markets were moving sideways early on, but some sellers did show up in certain areas, especially the commodity names. Earnings were in play today with buyers jumping at positive news from Polo Ralph Lauren ( RL ), Walt Disney ( DIS ), Syngenta ( SYT ) and Agrium ( AGU ). On the flip side, it wasn’t a great day for shares of Computer Sciences ( CSC ) or Ingersoll-Rand ( IR ) following both companies’ less-than-stellar results. Also, shares of NYSE Euronext ( NYX ) were halted for some time, but then popped higher when the stock was released for trading on reports the exchange was involved in merger talks with the Deutsche Börse. Interesting story making the rounds this morning about Nokia’s ( NOK ) CEO sending out a reality check memo overnight to everyone in the company. The memo details how the company has lost its way, with rivals Apple ( AAPL ) and Google ( GOOG ) eating their lunch. It’s a real admission that change needs to happen quickly or the company’s future could quickly dim further. I couldn’t help but think of how this relates to the many people that still today have not taken the financial steps to safeguard their later years (whether you are 5,10,20,or 30 …

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