Update Deere (DE)
Good times for the world’s farmers and for Deere (DE) will continue, Deere said in its fiscal first quarter 2011 earnings report released on February 16, before the New York stock markets opened. The company’s earnings reports get scrutinized as much for Deere’s...Update Cisco Systems (CSCO)
Nothing like confirming investors’ worries about the profitability of your company’s business strategy. Investors have been worried that in its pursuit of growth—a daunting task to begin with for a company that dominates its core markets and with a market cap of $104...Update ASML Holding (ASML)
The semiconductor equipment race is heating up even faster than I laid out in my January 14 post on Intel https://jubakpicks.com/2011/01/18/the-chip-war-thats-bad-for-intel-is-good-for-the-shares-of-chip-equipment-makers/ Samsung Electronics, perhaps Intel’s biggest...Update Cummins (CMI)
Just goes to show you that Wall Street can find a problem in any earnings report—if analysts really want to. Before the market opened yesterday, February 1, Cummins (CMI) reported fourth quarter 2010 earnings of $1.84 a share (12 cents a share above an analyst...Update HDFC Bank (HDB)
Another day, another interest rate increase from an emerging economy central bank. On January 25, it was the turn of the Reserve Bank of India. The bank raised its benchmark repurchase rate to 6.5% from 6.25%. The Reserve Bank of India raised interest rates six times...Update Boeing (BA)
What can I say? It could have been worse. And the company (as well as investors) dodged the big bullet. Boeing (BA) reported fourth quarter earnings per share of $1.56 a share including 45 cents a share in special items. Those special items included a 50 cents a share...Update Johnson Controls (JCI)
Let me use Johnson Controls (JCI), which reported quarterly earnings on January 20, as another concrete example of how to think your way through what to do about individual stocks when the U.S. market seems to be looking for a 5% pullback and overseas markets have the...Update Freeport McMoRan (FCX)
What if you’re wrong? Always a possibility worth contemplating. Last week (January 20 and 21), I gave you a pretty pessimistic view of the prospects for the world’s emerging stock markets—and emerging-economy-dependent stocks such as those of commodity...Update Boeing (BA)
Amazing how bad news can become good news when it confirms the market’s opinion. Pretty much everybody short of Amelia Earhart knew that aircraft maker Boeing (BA) would delay the 787 Dreamliner’s entry into service until the third quarter of 2011. Having an...Update CEMEX (CX)
A cement maker like CEMEX (CX) couldn’t have picked a worse set of markets for the global economic crisis if it tried. Second biggest market for the company? The United States, epicenter for the global housing meltdown. Next biggest? Spain and the United Kingdom. And...Update JPMorgan Chase (JPM)
Most of the time Wall Street’s attention is riveted on earnings per share. On January 14 when JPMorgan Chase (JPM) reported fourth quarter financial results before the stock market opened in New York eyes were focused on revenue. That’s because now that the economic...Update Goldcorp (GG)
On January 13, Goldcorp (GG) announced production and cost guidance for 2011. Let’s just say that my investment thesis for Goldcorp—that this is a low-cost producer of gold with rising production—remains intact. In 2010, the company said, gold production grew to a...Update Boeing (BA)
It’s one thing to announce that you’re going to ramp up production. That’s what Boeing (BA) did back on December 20 when it said that it would increase the rate at which it built its 777 plane to 8.3 plans a month in the first quarter of 2011. That was an increase...Update Energy Transfer Partners (ETP)
Energy Transfer Partners (ETP) is one of my favorite master limited partnerships. Its natural gas pipeline business coins cash and the yield on these partnership units is a very satisfying 6.8%. The total return (that’s dividend plus price appreciation) has been even...Update Cummins (CMI)
The heavy truck replacement cycle continues to play out exactly as Cummins (CMI) has outlined it over the last year. The pent-up demand created during the Great Recession when truck owners put off replacing aging trucks will turn into new orders as the economy...Update Aixtron (AIXG)
Shares of Aixtron (AIXG) have moved up quite nicely since mid-December on reports that China’s LED industry will install 700 to 800 units of the metal organic chemical vapor deposition machines (known as MOCVD to their friends) that Aixtron makes. That, according to...Update Nokia (NOK)
Nokia (NOK) has put in a bid to be the other cell phone maker besides Apple (AAPL) to make a profit and have control over its business. Now if the company could just get its new phone, the E7, out the door. The success of Apple’s iPhone is built on the extraordinary...Update Potash of Saskatchewan (POT)
In a presentation at the Bank of America/Merrill Lynch Global Industries conference on December 15, Potash of Saskatchewan (POT) offered a modestly optimistic view on potash fertilizer demand for 2011—and a very bullish view for global agriculture. Potash first. The...Update Joy Global (JOYG)
Reporting fiscal fourth quarter earnings December 15 before the market opened in New York, Joy Global (JOYG) beat analyst earnings expectations by 23 cents a share with quarterly earnings of $1.39. Revenue of $1.05 billion, up 9% from the fourth quarter of fiscal...Update Boeing (BA)
On December 14 Boeing (BA) shares showed up in an unusual category: For the first time in five days the stock wasn’t listed among the worst performing stocks among the Dow Jones Industrials. Instead it showed up on the other side of the ledger among the best...Update ASML Holding (ASML)
ASML Holding (ASML) doesn’t report fourth quarter earnings until January 19, 2011 but the Dutch maker of lithography equipment for the semiconductor industry delivered an early surprise on December 9. The company told investors to expect bookings for the fourth...Update Teva Pharmaceuticals (TEVA)
All it took on December 9 to pop shares of Teva Pharmaceutical Industries (TEVA) was good news on the Phase III study on oral laquinimod for multiple sclerosis. The two-year study found that patients experienced a statistically significant reduction in relapse rate...Update Vale (VALE)
And the biggest winner from Argentina’s huge natural gas from shale discovery in Patagonia? YPF Sociedad Anonima (YPF) is certainly a winner. The find of 4.5 trillion cubic feet of gas is roughly double the Argentine company’s previous proved natural gas reserves of...Update Thompson Creek Metals (TC)
It’s not like you you’re going sneak up on an undiscovered bargain in a copper mining stock these days. Copper has been selling near record highs this year on an anticipated shortfall in supply in 2011 and on increased demand from commodity investors. On December 7,...Update JPMorgan Chase (JPM)
With banks it’s the spread that counts. And it looks like the turmoil in the financial markets is expanding the spread between what banks have to pay for funds and what they can charge for their loans. That should add to bank profits in the fourth quarter. If you’re...Update Deere (DE)
Valuing a cyclical stock such as Deere (DE)—which reports fourth quarter fiscal 2010 earnings on Wednesday, November 24–is always difficult. You have to figure out where the company is in the revenue cycle from peak to trough and back again. And you have to...Update Johnson Controls (JCI)
General Motors’ stock offering turned out to be so popular that it was massively oversubscribed and the company increased the share price for its initial public offering to $33 a share. Doing some back of the envelope calculations and making assumptions that the...Update ASML Holding (ASML)
No real surprise that shares of ASML Holding (ASML) have paused in the last few days. European stocks—and ASML is headquartered in Veldhoven Netherlands, have been under pressure from the renewal of the euro debt crisis. Cisco Systems (CSCO) disappointing guidance on...Update SunPower (SPWRA)
I’d say the actual dimensions of the positive surprise—13 cents a share—were less important than the gain in credibility that came for SunPower (SPWRA) with making third quarter numbers after the market close on November 11. The company faced credibility issues after...Jim’s Daily Email Alerts:
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