Archive for the ‘Good News’ Category

Caterpillar Posts Better Than Expected Q1 Earnings

Posted by Michael on April 26th, 2010

CaterpillarStrong first quarter earnings from Caterpillar Inc. (CAT) have helped pushed the market higher to start off the week.

Shares of Caterpillar are up 4.5% on the day to $71.91, up $3.13 following better than expected results this morning before the market opened.

Analysts were forecasting $0.39 per share, and the company easily outpaced those estimates with a reported $0.50 per share.

Revenues were a bit shy of analyst estimates, but the stock is surging after it raised its forecast for full year 2010 to $2.50 to $3.25 a share, up from its previous forecast of $2.50 per share.

S&P boosted its price target on the stock to $80 a share, and maintained its Buy rating on the company.

The company noted that the global economy is definitely improving, and as a result construction has been rebounding. This helped pushed the overall market higher today, with the DOW up over 25 points in afternoon trading.

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Posted in Earnings, Forecasts, Good News, Major Moves, Market Updates Tags: , , , , , , , , , , , , , , , , , , 1 Comment »

New 52 Week Highs : MSFT, AAPL, HD & AXP

Posted by Michael on April 23rd, 2010

MicrosoftSome big name stocks set new 52 week highs today. Here are some of the stocks that were able to set new highs to head into the weekend:

  • Microsoft (MSFT) : Tech giant Microsoft set a new 52 week high today, trading up to $31.58 before closing the trading session down 1.4% on the day to $30.96, down $0.43. The company posted better than expected fiscal Q3 earnings last night following the market close.
  • Apple Computer (AAPL) : Apple continues to trade strongly following better than expected earnings earlier this week. The stock hit a new all time high today of $272.18. The stock finished out the session up 1.6% to $270.83, up $4.36.
  • Home Depot (HD) : Home improvement giant Home Depot set a new 52 week high today. The stock traded as high as $36.44 and closed the session just under its daily high at $36.39, up $0.67 or 1.9%. Home Depot will not be reporting its earnings until mid May.
  • American Express (AXP) : Financial giant American Express set a new 52 week high today of $49.19. The stock closed the day up 2.7% at $48.05, up $1.28. The company posted better than expected earnings Thursday night, reporting $0.73 per share, verses analyst estimates for $0.63.

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Posted in Good News, Major Moves, New Highs, Technology Tags: , , , , , , , , , , , , , , , , , , , , , , , , No Comments »

Xerox Soars Following Strong Q1 Earnings

Posted by Michael on April 23rd, 2010

xeroxShares of Xerox (XRX) are soaring today, and set a new 52 week high today after posting better than expected first quarter numbers.

Going into this mornings earnings report, analysts were forecasting $0.15 per share, verses $0.05 during the same period last year.

Actual earnings came in well above estimates, at $0.18 per share excluding special items.

Revenues were up by 33% during the quarter to $4.7 billion. Analysts had forecast revenues of $4.79 billion.

Looking ahead Xerox stated that it expects to earn 20 to 22 cents for its second quarter, above Wall Street estimates of $0.18.

The stock is trading up 10.2% today to $11.52, up $1.07.

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Broker Upgrades : YHOO, JCG & MCD

Posted by Michael on April 22nd, 2010

yahoo-logoSome big names got upgraded this morning. Here are a couple of the stocks that were upgraded today:

  • Yahoo (YHOO) : Yahoo was upgraded this morning by EVA Dimensions, LLC to Hold from Underweight. The stock is trading up 0.7% following the upgrade to $17.58, up $0.13
  • J. Crew Group, Inc. (JCG) : The stock was upgraded today by EVA Dimensions, LLC today to Overweight from Hold. The stock is trading up 2.0% to $47.83, up $0.96.
  • McDonald’s Corp. (MCD) : McDonald’s was upgraded today by Credit Suisse to Outperform from Neutral. The stock is trading up 0.4% on the day to $70.62, up $0.26.

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Apple Hits All Time High Following Strong Earnings

Posted by Michael on April 21st, 2010

Apple_LogoShares of tech giant Apple Computer (AAPL) rose to a new all time high today after the company shattered analyst estimates for its fiscal second quarter.

As we noted in our earnings preview for Apple, analysts had forecast earnings of $2.45 per share, and the company blew past those estimates with a reported $3.33.

Once again the company got a big boost from iPhone sales, with 8.7 million new iPhones sold during the quarter, more than double the amount of iPhones sold last year.

Looking ahead Apple expects to earn $2.28 to $2.39 per share for its current quarter.

Apple stock is up 5.6% on the day to $258.28, up $13.69 and hit a new all time high today at $260.25.

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Stock Upgrades : XOM, DELL, KR

Posted by Michael on April 16th, 2010

exxon-logoA couple of big name stocks picked up broker upgrades today. Here are a few of the companies that were upgraded this morning:

  • Exxon Mobil (XOM) : Exxon was upgraded by Raymond James today to Outperform from Market Perform
  • Dell Computer (DELL) : Dell was upgraded by Robert W. Baird & Co. to Outperform from Neutral
  • Kroger (KR) : Kroger was upgraded by EVA Dimensions, LLC today to Buy from Overweight

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Google Sells Off Following Q1 Earnings Report

Posted by Michael on April 16th, 2010

googleThis afternoon after the market closed, search engine giant Google Inc. (GOOG) reported better than expected earnings for its first quarter.

As we noted in our Google earnings preview, analysts had forecast earnings of $6.60 for the quarter. Google outpaced analyst earnings by posting earnings of $6.76 a share.

Despite posting better than expected earnings figures, the stock traded down nearly 5% in after hours trading as investors reacted negatively to the company’s rising costs.

Total costs and expenses rose to $4.3 billion from $3.6 billion during the same period last year. Most of the increase in expenses came from hiring close to 800 new employees during the quarter.

Visit bloggingstocks for a more in depth analysis of Google’s first quarter results.

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Some big names hit new 52 week highs today: F, MSFT, AUY

Posted by Michael on November 18th, 2009

tradersAll of the major indexes closed today’s session in the red, but that was not enough to keep some big name stocks from hitting new highs in today’s trading action.

Ford Motor (NYSE: F) hit a new 52 week high today of 9.14 before afternoon profit taking came in and pushed shares lower. The stock has been very strong lately, and recently was considered to be the stock of the year from the writers of CrossingWallStreet. Shares finished the day down slightly at $8.94, down 0.45%.

Technology giant Microsoft (NASDAQ: MSFT) also rose to a new 52 week high today. Shares of the company hit a day today of $30.14. Shares of MSFT finished today trading session up 0.4% to $30.11, just three pennies off its new 52 week high.

Gold prices continue to rise, and Yamaha Gold (NYSE: AUY) has been benefiting from the recent gold rush, setting a new 52 week high earlier in the session at 13.49. After hitting another new high today, the profit takers came in and sold the stock off a bit, which ended the day slightly lower at $13.15, down 0.23%. Gold prices rose as high as 1146.5 but closed down 70 cents to 1,140.5.

What are your favorite stocks right now? Which stocks do you see rising to new highs in the near future?

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Posted in After the Bell, Energy, Gold, Good News, Technology Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , No Comments »

Strong earnings send market higher

Posted by Michael on November 13th, 2009

All of the major index’s were higher today, following a strong round of earnings report this morning.

The DOW closed the day up 0.7%, NASDAQ up 0.8% and the S&P rose 0.5%.

Walt Disney (NYSE: DIS) reported fiscal fourth quarter earnings last night following the market close, and easily outpaced analyst estimates. Analysts had been expecting to see the company report 41 cents per share, but the actual report was much higher at 46 cents per share.

Retailer J.C. Penny (NYSE: JCP) reported third quarter earnings this morning that fell a penny short of analyst estimates, but fell in the upper range of the company’s earlier earnings forecast.

DIS stock traded up 4.8% on the day, while JCP gained 6.2% on the day.

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Disney (DIS) up sharply after posting strong Q4 earnings

Posted by Michael on November 12th, 2009

disneyThis afternoon entertainment giant Walt Disney Co. (NYSE: DIS) reported its fiscal fourth quarter earnings, and posted strong numbers that easily outpaced analyst estimates for the quarter.

Going into this afternoon’s earnings report, analysts had been expecting the company to post earnings of 41 cents per share. The company’s actual earnings came in higher, with a reported 47 cents per share.

For the same period last year the company had 40 cents in earnings.

Late day traders are pushing shares up 3% in after hours trading.

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