| Earnings Preview: UAL Corp. UAL Corp. (UAUA) is expected to report Q3 earnings on Tuesday, October 20 before the market open with a conference call scheduled for 2 pm ET. GuidanceAnalysts are looking for EPS of (99c) on revenue of $4.34B. The consensus range is ($1.30)-(79c) for EPS, and $4.29B-$4.37B for revenue, according to First Call. On its Q2 earnings conference call UAL stated that it expects Q3 mainline capacity to be down 8%-9% YoY, and consolidated capacity to be down 5.6%-6.6%. For FY09 mainline capacity is expected to be down 9.6%-10.6% YoY, and consolidated capacity down 7.5%-8.5%. This forecast reflects the post Labor Day reduction in international flying. The airline's Q3 shares surged to $7.37 from $3.51, a 110.54% jump. Despite the strong gains, the company announced in early October that it will sell at least 19M shares of common stock and $175M in convertible debt, in an attempt to add cash before the slow winter travel season.Complete Story » seekingalpha.com |
S&P 500 Sales Growth Expectations Value Expectations submits: In The Applied Finance Group's (AFG's) latest Stock Market Review we discussed the embedded expectations for sales growth for the S&P 500 which concluded that the index is currently close to fairly valued: The chart below will provide some insight into the current expectations for sales growth for the entire index. Regarding the overall market, things are just about as confusing as the underlying economy. While in 2009, we consistently hammered on the theme that the market was silly-cheap based on the profit and growth expectations priced into it, we cannot make such a claim today. The chart below updates our analysis of the expectations built into the S&P 500 stocks.Complete Story » seekingalpha.com |
Bears Look for Navistar to Push Lower optionMONSTER submits: By David Russell Navistar (NAV) gapped lower on a bad earnings report today, and the bears are looking for a steeper push to the downside. optionMONSTER's Depth Charge tracking system detected heavy buying of the March 40 puts, which traded 3,263 times against open interest of 2,350 contracts. Most of the institutional-size transactions priced for $0.40 to $0.45.Complete Story » seekingalpha.com |
Defense Budget Cuts and Sector ETFs: Value Opportunities on the Way? Tom Lydon submits: With our nation’s budget deficit reaching unsustainable levels, the defense sector is bracing for a cut to government spending. While budgetary cuts may not portend good news for ETFs, the anticipation may shorten the timeline of defense sector M&A activity and company restructuring, thereby giving investors opportunities to look for value. According to Loren Thompson of Defense Professionals, M&A activity has already quickened as executives brace for budget cuts in 2012. These executives do not want to be caught in the middle of a devaluation of the defense sector.Complete Story » seekingalpha.com |
Aircastle Limited Q2 2010 Earnings Call Transcript Aircastle Limited (AYR)Q2 2010 Earnings Call TranscriptAugust 10, 2010 10:00 am ETComplete Story » seekingalpha.com |