Update Goldcorp (GG)
What you want in a gold stock is a company with rising reserves and falling costs. Goldcorp’s (GG) end of 2009 report on reserves shows that it’s still delivering rising reserves. We’ll see how the company is doing on costs when it reports after the market closes on...Update Middleby (MIDD)
Has Middleby (MIDD) finally moved off the back burner? Middleby’s shares were up 29% from February 8 through March 5, and the relative strength on the stock has moved to 72 for the last three months from 56 over the last six months. (Relative strength measures how a...Update Marvell Technology Group (MRVL)
After the market closed yesterday (March 4) Marvell Technology Group (MRVL) reported fourth quarter fiscal 2010 earnings of 40 cents a share (excluding items). That was 3 cents a share above the official Wall Street consensus. Revenue climbed 64% from the fourth...Update Vale (VALE)
I think we’ve just seen the end of the fixed long-term contract pricing system for iron ore. That pricing system may not know it’s dead yet. But right now it’s dead system walking. Brazil’s Vale (VALE) has told domestic customers that it will raise iron ore prices by...Update Potash of Saskatchewan (POT)
Potash of Saskatchewan (POT) has been doing a lot of talking recently at private dinners with Wall Street analysts and Wall Street conference calls. The picture that emerges is of a company a lot more confident that it can see the turn in the fertilizer market. In a...Update Thompson Creek Metals (TC)
Thompson Creek Metals (TC) announced earnings of 15 cents a share for the fourth quarter last night (February 25) after the market close. Revenue for the quarter came to $106 million. Both beat Wall Street projections for 8 cents a share in earnings and $94 million in...Update Ormat Technologies (ORA)
On February 23 Ormat Technologies (ORA) reported fourth quarter results that paid the price of the global economic slowdown and of delays in any U.S. plan to promote alternative energy sources. In the company’s first business segment, electricity generation from its...Update Transocean (RIG)
Have you got the patience to hold this one for the turn in the off-shore drilling market? It’s clear that many investors in Transocean (RIG) don’t. The stock was down 5.5% for the day (February 24) after the company yet again pushed out the recovery for its deep-water...Update Maxwell Technologies (MXWL)
So how do you miss earnings estimates by 36 cents a share, reporting as Maxwell Technologies (MXL) did on February 18 after the stock market closed a loss of 39 cents a share for the fourth quarter, and yet miss revenue projections of $28.8 million by just $800,000?...Update Sysco (SYY)
On February 1 Sysco (SYY) reported earnings of 45 cents a share for the company’s fiscal second quarter. That was 3 cents a share above Wall Street projections. Revenue for the three months that ended in December 2009 was $8.87 billion, roughly matching analyst...Update Deere (DE)
Deere (DE) is both a stock and one of the most reliable indicators of the fortunes of the agricultural sector. No matter whether you own Deere (the shares are a member of the Jubak Picks 50 long-term portfolio) or are waiting for a turn in the sector as a whole, you...Update Yara International (YARIY.PK)
Norwegian fertilizer maker Yara International (YARIY.PK), already the biggest publicly-listed fertilizer maker in the world, just bought itself a big hunk of the North American market. In an all-cash deal Yara agreed yesterday, February 15, to buy Terra Industries...Update Verizon (VZ)
When Verizon (VZ) reported fourth quarter earnings on January 26, everything was in line. There were no real surprises. And that was disappointing to investors who were looking for signs that a rising economy was lifting margins in Verizon’s legacy landline business...Update General Cable (BGC)
General Cable (BGC) finds itself caught in a squeeze. Copper, the biggest cost in the company’s traditional cable business, has soared in price thanks to increased demand from China, but demand for the company’s cable products is still so soft that General Cable can’t...Update Itau Unibanco (ITUB)
On February 9 Itau Unibanco (ITUB) reported a 72% jump in fourth quarter net income from the fourth quarter of 2008. Â Just as important in banking these days, credit quality improved. The percentage of loans more than 90 days behind in payment fell to 5.6% as of the...Update PepsiCo (PEP)
Before the stock market opened today (February 11) PepsiCo (PEP) reported earnings of 90 cents a share for the fourth quarter of 2009. That was a penny below Wall Street projections but almost twice the 46 cents a share the company reported in the fourth quarter of...Update HDFC Bank (HDB)
At the end of January the Reserve Bank of India, the country’s central bank, held a conference call for analysts and investors. The message: The bank is worried about continued growth in government borrowing and strong demand for loans from the commercial sector. And...Update Johnson Controls (JCI)
Shares of Johnson Controls (JCI) were up more than 2% yesterday, February 3, on news that Wal-Mart (WMT) had named Johnson Controls as its sole source provider for its U.S. stores for automotive, marine, motor sport, and lawn and garden batteries Goldman Sachs also...Update Cisco Systems (CSCO)
The recession is certainly over for Cisco Systems (CSCO). Today, February 3, after the market close the company reported earnings for the quarter that ended in January (Cisco’s second quarter of fiscal 2010) of 40 cents a share. That was 5 cents a share better than...Update GulfMark Offshore (GLF)
Lots happening at GulfMark Offshore (GLF) over the last quarter. Much of it good. But nothing that yet indicates the decisive turn in the company’s business that I’ve been looking for. The best I can say is that it feels closer. First, at the end of October the...Update Taiwan Semiconductor (TSM)
Everything is working out exactly as I planned when I bought Taiwan Semiconductor Manufacturing (TSM) on October 20, 2009—with the small exception of the share price. When the company reported fourth quarter 2009 earnings on January 28, it confirmed the two major...Update Nokia (NOK)
The good news in Nokia’s (NOK) January 28 fourth quarter earnings report was that gross profit margin for its cell phones drove the company’s operating margin to 15.4% for the quarter. Analysts have worried that Nokia’s operating margin was stuck in the current 12% to...Update LAN Airlines (LFL)
Business isn’t good at LAN Airlines (LFL) but it is getting better. On January 26, 2010 the Chilean airline, which accounts for nearly 75% of Chile’s domestic air passenger traffic, reported fourth quarter net income of $109.8 million. That was an increase of 17.6%...Update du Pont (DD)
On January 26 E.I. du Pont de Nemours (DD), known as du Pont to its friends, announced fourth quarter earnings of 44 cents a share, beating Wall Street projections by 3 cents a share. Revenues climbed 10.3% year to year to $6.42 billion. Wall Street analysts had been...Update Thompson Creek Metals (TC)
Today Thompson Creek Metals (TC) confirmed what the market had long expected: that when the company reports its fiscal 2009 financial results in February, it will switch to U.S. GAAP from Canadian accounting rules. The big impact will be that the company has to mark...Update Johnson Controls (JCI)
Sure, Johnson Controls (JCI) beat Wall Street estimates by a huge 14 cents a share when it announced first quarter fiscal 2010 earnings before the stock market opened on January 22. But the big news, the news that had the stock up 4.5% for the day as of 2:30 in New...Update Ctrip.com (CTRP)
Ctrip.com, China’s biggest online travel company, has changed the ratio of its American depositary shares (ADS) to give holders a two-for-one ADS split. Holders of the ADS received one additional ADS for each ADS they owned on January 19 at the end business on January...Update BHP Billiton
 On January 20 BHP Billiton (BHP) announced that second-quarter iron ore output rose 11% to a new record on heavy demand from China. The company also reported increased production of petroleum, zinc, diamonds, and nickel. Production of coking coal, uranium, and copper...Update Coach (COH)
Good sales and earning numbers from Coach (COH) for its fiscal second quarter but Wall Street wanted more and the stock was down almost 6% as of 11:15 in New York. The pattern here of sell even on the good news reminds me of the market’s reaction to Intel’s (INTC)...Jim’s Daily Email Alerts:
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