AI
Friday, January 18, 2013 8:55:55 PM
Friday, Jan. 18
Google says many analysts wrong on estimates(3:24 pm ET)
SAN FRANCISCO (MarketWatch) - Google Inc. (GOOG: news, chart, profile) on Friday said many Wall Street analysts have not adjusted their estimates to reflect the impact of the sale of the company's Home business. Google announced in December that it has agreed to sell what was known as Motorola Home, which makes set-top boxes, to Arris for $2.35 billion. As a result of the transaction, Google said it will present results from that business as "discontinued operations." In a company blog post, Google Chief Accountant Brent Callinicos said, "That means our net income for this quarter as well as for Q212 and Q312 will be split between our ongoing operations and the Home business." Shares of Google were last trading down 1.3% at $702.36. The company is scheduled to report fourth-quarter results on Tuesday. Jan.22.
Johnson Controls slumps on weak first-half outlook(10:10 am ET)
SAN FRANCISCO (MarketWatch) -- Johnson Controls Inc. (JCI: news, chart, profile) shares skid more than 4% at the open Friday after the company offered a weak earnings outlook for the first half of the year. The auto parts and HVAC company reported earning 52 cents a share in the fourth quarter, down 17% from a year ago but beating the 51 cents a share expected by analysts polled by FactSet. At the same time the company warned its first-half earnings in 2013 will be "significantly lower" than in 2012, citing soft global demand, especially in Europe. Johnson Control shares were last down 4.3% at $30.59. The stock is down 15% over the past 12 months.
Research in Motion jumps on Jefferies upgrade(8:55 am ET)
NEW YORK (MarketWatch) -- Research in Motion Inc. (RIMM: news, chart, profile) shares rose 7% in premarket trades on Friday after Jefferies Group upgraded the BlackBerry maker to buy from hold, and lifted their price target by $6.50 to $19.50 a share. Analysts cited plans by RIMM to enable corporate email on iPhones and Android devices. "This change we believe is unknown or not well understood but is important," analyst Peter Misek said in a note to clients. "Investors can win in the following ways: RIM creates a successful software business on top of Android/ iOS; expectations that are too low and a very high short interest, which could start a squeeze," Misek said. "The wild card is licensing deals or other items."
Morgan Stanley swings to profit, revenue up 23%(7:57 am ET)
NEW YORK (MarketWatch) -- Morgan Stanley (MS: news, chart, profile) said Friday its fourth-quarter profit increased to $481 million, or 25 cents a share, from a loss of $275 million, or 15 cents a share, in the year-ago period. The financial firm's earnings from continuing operations totaled 28 cents a share in the latest quarter. Adjusted profit rose to 45 cents a share from a loss of 20 cents a share. Consolidated net revenue rose 23% to $7 billion from $5.7 billion. Excluding debt value adjustments, fourth-quarter revenue totaled $7.5 billion. Wall Street analysts expected Morgan Stanley to earn 27 cents a share on revenue of $7.17 billion, according to a FactSet survey. The bank's Global Wealth Management joint venture reported a pre-tax margin of 17%. Institutional Securities swung to a pre-tax profit from continuing operations of $57 million, from a pre-tax loss of $772 million in the year-ago quarter.
GE beats view with op. earnings growth of 44c(6:51 am ET)
MADRID (MarketWatch) -- General Electric Co. (GE: news, chart, profile) announced Friday that it earned $4.01 billion in the fourth quarter, or 38 cents a share, compared to $3.73 billion, or 35 cents, in the year-ago quarter. Operating earnings in the quarter were 44 cents a share, a gain of 13%, beating a 43-cent forecast of analysts surveyed by FactSet Research. Revenue for GE was $39.33 billion in the quarter, compared to $37.97 billion in the year-ago quarter. Analysts were forecasting revenue of $38.86 billion. "The outlook for developed markets remains uncertain, but we are seeing growth in China and the resource rich countries. With our largest backlog in history and a substantial amount of cash generated by our businesses in the fourth quarter, we have great momentum going into 2013," said GE Chairman and CEO Jeff Immelt.
http://www.marketwatch.com/news/markets/earningswatch.asp
Monster Beverage details 'flaws in DAWN report' (MNST) 47.99 -1.85 : Co said recent Drug Abuse Warning Network (DAWN) report on so-called energy drink-related emergency department visits is highly misleading and does not support any conclusion that energy drinks are unsafe for consumers.
The DAWN report does not provide enough information to determine the nature of patients' complaints, the amount of caffeine consumed from all sources, or whether there was any connection between the complaints and the consumption of an energy drink, the company said. The DAWN report reflects no medical finding or diagnosis that consumption of energy drinks was, in fact, the reason for the patient's emergency room visit.
Any causal connection between energy drink consumption and emergency room visits is further substantially weakened by the existence of other factors more likely to have been responsible for the patients' medical issues, such as the use of pharmaceuticals, alcohol or illegal drugs, which was reported by 42% of patients, according to the DAWN report. This number was almost certainly under reported because many of the patients, especially those under 21, likely would have been reluctant to voluntarily admit this type of information.
Moreover, the DAWN report contains no comparative information showing how many emergency room visits are associated with other widely consumed beverages. Notably, the DAWN project leader told the media that the report did not even look at ER visits associated with coffee consumption and could not say whether people who had consumed significant quantities of caffeine from coffee or other sources do not likewise visit the ER.
3:39PM Earnings Preview for the week of Jan 22 - 25 (SUMRX) : Of the companies reporting earnings for the week of January 22 - 25 some of the bigger names include:
Tuesday: CNI, DAL, DD, FCX, JNJ, KSU, PKG, RF, TRV, VZ, WAT, AMD, ALB, CA, CLS, CSX, GOOG, IBM, ISRG, NSC, RKT, TXN
Wednesday: ABT, ABBV, APD, ATI, BHI, COH, GD, MCD, MSI, NVS, PX, DGX, SAP, STJ, TEL, TXT, UTX, LCC, WLP, AMGN, AAPL, JEC, FFIV, NFLX, NE, SNDK, SYMC, URI, WDC
Thursday: MMM, ARG, ALK, ABC, AVT, BAX, BMY, CELG, DOV, KEY, KMT, MDP, NOK, PCP, RTN, LUV, SWK, UNP, UAL, GWW, XRX, T, ED, FLEX, JNPR, MSFT, SBUX
Friday: COV, HAL, HON, KMB, PG, WY
http://finance.yahoo.com/marketupdate/inplay
Google says many analysts wrong on estimates(3:24 pm ET)
SAN FRANCISCO (MarketWatch) - Google Inc. (GOOG: news, chart, profile) on Friday said many Wall Street analysts have not adjusted their estimates to reflect the impact of the sale of the company's Home business. Google announced in December that it has agreed to sell what was known as Motorola Home, which makes set-top boxes, to Arris for $2.35 billion. As a result of the transaction, Google said it will present results from that business as "discontinued operations." In a company blog post, Google Chief Accountant Brent Callinicos said, "That means our net income for this quarter as well as for Q212 and Q312 will be split between our ongoing operations and the Home business." Shares of Google were last trading down 1.3% at $702.36. The company is scheduled to report fourth-quarter results on Tuesday. Jan.22.
Johnson Controls slumps on weak first-half outlook(10:10 am ET)
SAN FRANCISCO (MarketWatch) -- Johnson Controls Inc. (JCI: news, chart, profile) shares skid more than 4% at the open Friday after the company offered a weak earnings outlook for the first half of the year. The auto parts and HVAC company reported earning 52 cents a share in the fourth quarter, down 17% from a year ago but beating the 51 cents a share expected by analysts polled by FactSet. At the same time the company warned its first-half earnings in 2013 will be "significantly lower" than in 2012, citing soft global demand, especially in Europe. Johnson Control shares were last down 4.3% at $30.59. The stock is down 15% over the past 12 months.
Research in Motion jumps on Jefferies upgrade(8:55 am ET)
NEW YORK (MarketWatch) -- Research in Motion Inc. (RIMM: news, chart, profile) shares rose 7% in premarket trades on Friday after Jefferies Group upgraded the BlackBerry maker to buy from hold, and lifted their price target by $6.50 to $19.50 a share. Analysts cited plans by RIMM to enable corporate email on iPhones and Android devices. "This change we believe is unknown or not well understood but is important," analyst Peter Misek said in a note to clients. "Investors can win in the following ways: RIM creates a successful software business on top of Android/ iOS; expectations that are too low and a very high short interest, which could start a squeeze," Misek said. "The wild card is licensing deals or other items."
Morgan Stanley swings to profit, revenue up 23%(7:57 am ET)
NEW YORK (MarketWatch) -- Morgan Stanley (MS: news, chart, profile) said Friday its fourth-quarter profit increased to $481 million, or 25 cents a share, from a loss of $275 million, or 15 cents a share, in the year-ago period. The financial firm's earnings from continuing operations totaled 28 cents a share in the latest quarter. Adjusted profit rose to 45 cents a share from a loss of 20 cents a share. Consolidated net revenue rose 23% to $7 billion from $5.7 billion. Excluding debt value adjustments, fourth-quarter revenue totaled $7.5 billion. Wall Street analysts expected Morgan Stanley to earn 27 cents a share on revenue of $7.17 billion, according to a FactSet survey. The bank's Global Wealth Management joint venture reported a pre-tax margin of 17%. Institutional Securities swung to a pre-tax profit from continuing operations of $57 million, from a pre-tax loss of $772 million in the year-ago quarter.
GE beats view with op. earnings growth of 44c(6:51 am ET)
MADRID (MarketWatch) -- General Electric Co. (GE: news, chart, profile) announced Friday that it earned $4.01 billion in the fourth quarter, or 38 cents a share, compared to $3.73 billion, or 35 cents, in the year-ago quarter. Operating earnings in the quarter were 44 cents a share, a gain of 13%, beating a 43-cent forecast of analysts surveyed by FactSet Research. Revenue for GE was $39.33 billion in the quarter, compared to $37.97 billion in the year-ago quarter. Analysts were forecasting revenue of $38.86 billion. "The outlook for developed markets remains uncertain, but we are seeing growth in China and the resource rich countries. With our largest backlog in history and a substantial amount of cash generated by our businesses in the fourth quarter, we have great momentum going into 2013," said GE Chairman and CEO Jeff Immelt.
http://www.marketwatch.com/news/markets/earningswatch.asp
Monster Beverage details 'flaws in DAWN report' (MNST) 47.99 -1.85 : Co said recent Drug Abuse Warning Network (DAWN) report on so-called energy drink-related emergency department visits is highly misleading and does not support any conclusion that energy drinks are unsafe for consumers.
The DAWN report does not provide enough information to determine the nature of patients' complaints, the amount of caffeine consumed from all sources, or whether there was any connection between the complaints and the consumption of an energy drink, the company said. The DAWN report reflects no medical finding or diagnosis that consumption of energy drinks was, in fact, the reason for the patient's emergency room visit.
Any causal connection between energy drink consumption and emergency room visits is further substantially weakened by the existence of other factors more likely to have been responsible for the patients' medical issues, such as the use of pharmaceuticals, alcohol or illegal drugs, which was reported by 42% of patients, according to the DAWN report. This number was almost certainly under reported because many of the patients, especially those under 21, likely would have been reluctant to voluntarily admit this type of information.
Moreover, the DAWN report contains no comparative information showing how many emergency room visits are associated with other widely consumed beverages. Notably, the DAWN project leader told the media that the report did not even look at ER visits associated with coffee consumption and could not say whether people who had consumed significant quantities of caffeine from coffee or other sources do not likewise visit the ER.
3:39PM Earnings Preview for the week of Jan 22 - 25 (SUMRX) : Of the companies reporting earnings for the week of January 22 - 25 some of the bigger names include:
Tuesday: CNI, DAL, DD, FCX, JNJ, KSU, PKG, RF, TRV, VZ, WAT, AMD, ALB, CA, CLS, CSX, GOOG, IBM, ISRG, NSC, RKT, TXN
Wednesday: ABT, ABBV, APD, ATI, BHI, COH, GD, MCD, MSI, NVS, PX, DGX, SAP, STJ, TEL, TXT, UTX, LCC, WLP, AMGN, AAPL, JEC, FFIV, NFLX, NE, SNDK, SYMC, URI, WDC
Thursday: MMM, ARG, ALK, ABC, AVT, BAX, BMY, CELG, DOV, KEY, KMT, MDP, NOK, PCP, RTN, LUV, SWK, UNP, UAL, GWW, XRX, T, ED, FLEX, JNPR, MSFT, SBUX
Friday: COV, HAL, HON, KMB, PG, WY
http://finance.yahoo.com/marketupdate/inplay
My post is for my entertainment, do your own DD before pushing your
buy/sell buttons
Discover What Traders Are Watching
Explore small cap ideas before they hit the headlines.
