| Federal Express Worth 25 P/E? I Don't Get It Greg Feirman submits: Federal Express (FDX) reported earnings last Thursday. Revenues were off 20% from the year ago period and net income 53%, though EPS of 58 cents a share was well above previous guidance. FedEx talked some about recovery and CEO Fred Smith went so far as to forecast 3% GDP growth in the 3rd quarter, 4.9% in the 4th quarter and 2.9% in 2010 on the conference call. The stock has been on a tear, doubling since the March lows. The stock closed Monday at $75.59.Complete Story » seekingalpha.com |
Proof of an Economic Train Wreck? Total carloads and intermodal rail freight data are plotted in the two charts below as 4 week moving averages. The improvement we're seeing needs to be viewed in the context of a trending increases in freight that occurs throughout the year through to October. The data certainly lacks the characteristics of a V shaped rebound. At this stage L shaped looks like a better letter to describe the economic path.Complete Story » seekingalpha.com |
Tata Motors Well Positioned to Capitalize on India's Growth Hannah Hsu submits: All attention turned to China after the fastest-growing developing economy became the largest auto market in the world. But just behind the Middle Kingdom is another rapidly growing auto market that investors can’t afford to overlook. Mumbai-based Tata Motors (NYSE: TTM) is India’s largest car manufacturer and commands roughly 70 percent of the domestic market for commercial autos and 20 percent of the market for passenger vehicles.Complete Story » seekingalpha.com |
PACCAR Earnings Estimate Scorecard Zacks.com submits: PACCAR Inc. (PCAR) reported its first quarter earnings for 2010 on April 20, 2010, outperforming the Zacks Consensus Estimate by 4 cents per share. The market reacted positively, with share prices rising in the subsequent days. Analysts were optimistic given the company’s impressive results and better outlook, as more than half of the analysts covering the stock revised their estimates upward. Below we will cover the results of the recent earnings announcement, subsequent analyst estimate revisions and Zacks ratings for both short-term and the long-term outlook for the stock.Complete Story » seekingalpha.com |
Johnson Controls F3Q10 (Qtr End 06/30/2010) Earnings Call Transcript Johnson Controls (JCI) F3Q10 (Qtr End 06/30/2010) Earnings Call July 23, 2010 11:00 am ETComplete Story » seekingalpha.com |