TOP 100 TRANSPORTATION AND LOGISTICS SITES
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| CSX and Peabody: Don't Let the Facts Trample Green Shoots Trader Mark submits:The next few weeks, a lot of posts will be covering individual companies that I'll be using as my personal gauge of green shoots, rather than politicians and CNBC pundits waving their hands furtively in the air telling us about them. Unlike the "market", I won't be looking for "better than expected" as a measure - "expected" means nothing to me; it's a bunch of analysts who create a number that means little... I am looking at year over year, or quarter over quarter progress and in some cases guidance (or lack thereof) if I trust the CEO.Lost in the hubbub of Wells Fargo last Thursday was some weakening same store sales numbers by Walmart (WMT)... WMT is 10% of ALL US sales and a place where consumers (ever weakening) have been fleeing. This morning the CEO said they expect a long drawn out "green shoot" recovery....err, recession.Complete Story » seekingalpha.com |
GM Eulogies - Let's Move On Rick Newman submits:End of an era. Fallen titan. Epic decline. Death of an American icon. If you haven’t gotten the message by now, let me spell it out: The General Motors (GM) bankruptcy is a national buzzkill that officially signals the end of the glory days. The world no longer admires our products--or us. We’re a has-been nation. The party’s over, and there aren’t going to be any more parties.Complete Story » seekingalpha.com |
Earnings Preview: JetBlue Airways JetBlue Airways Corporation (JBLU) is expected to report Q2 earnings Thursday, July 22, with a conference call scheduled for 9:30 am ET. GuidanceAnalysts are looking for EPS of 2c on revenue of $800.08M. There is a wide consensus range of (1c)-6c for EPS, and $775.4M-$816M for revenue, according to First Call. Complete Story » seekingalpha.com |
Cash for Clunkers Saps Demand Ockham Research submits: “What do you make of overall car market? By the way, we’ve got Ford’s auto sales down 5.1% in the month of September. That’s not a very good showing. Overall the American car market is going to shrink to below 10 million vehicles this year.I think we have some quick revisionist history happening on the cash for clunkers plan. It was not the successful stimulus program. It was a quick way to spend $3 billion but there’s no lasting effect. The market’s back where it was in August. I got a preliminary number from Chrysler. I’ve got to go through this more thoroughly but the preliminary number is they were down 42% in that’s compared to a very weak September of last year. What do you make of that?Complete Story » seekingalpha.com |
Americans, Their Taxes and Transportation Funding Ryan Avent submits: Elana Schor reports on efforts to fund the next transportation bill and notes that the latest craze is a move to tax oil futures and (perhaps) all stock transactions. This strategy is gaining ground because oil markets and traders are very unpopular and (still worse) geographically concentrated, whereas users of transportation infrastructure tend to enjoy the support of most Americans and are spread across many Congressional districts. There’s no reason that a transport funding mechanism has to involve transportation. Money is fungible, and to a certain extent we should simply be focused on raising revenues in the places where it’s least costly to do so and spending revenue where it does the most good. And certainly there are some economists out there arguing that a financial transactions tax would prevent some negative market behavior while raising revenue (although they tend to argue that the revenue should then be used to capitalize insurance funds or cover other bail-out costs).Complete Story » seekingalpha.com |