Cummins Inc.’s (CMI – Analyst Report) earnings per share increased 7.8% to $2.62 in the second quarter of 2015 from $2.43 a year ago. Earnings also surpassed the Zacks Consensus Estimate of $2.55. Meanwhile, net income improved 5.6% to $471 million from $446 million in the second quarter of 2014. The upside was buoyed by better performance…
Last night, during the 4pm daily broadcast, I discussed the markets and stated the market was due for a “reflex bounce” as soon as tomorrow. While the bounce in the market today is being attributed to further interventions by the Chinese government to try and forestall the bursting of the equity bubble in their market, the reality is the…
Commodity prices are now in a freefall. The bearish downtrend will leave few survivors, especially companies heavily indebted from excessive acquisitions from the past. The mechanics around financial strain for firms like Breitburn Energy (NASDAQ:BBEP) and Cliffs Natural Resources (NYSE:CLF) are easy to grasp for investors. Revenue is falling and is companies cannot manage their debt levels. Freeport-McMoRan (NYSE:FCX), which acquired…
United Parcel Service, Inc. (UPS – Analyst Report) reported second-quarter 2015 earnings of $1.35 per share, beating the Zacks Consensus Estimate by 9 cents. Earnings were also up 12% on a year-over-year basis.Strong international growth boosted results. The earnings beat seems to have pleased the company’s investors. Consequently, shares have gained in early trading. United Parcel Service Inc….
The sharp decline in Chinese stocks and the policy response is important for global investors but not on the grounds commonly cited. It is unlikely to have a major impact on the Chinese economy. It is unlikely to be a key factor in the IMF’s decision regarding the composition of the SDR basket. China does not…
Advanced Micro Devices (AMD), a global semi-conductor company, has experienced turbulent times recently losing much of its market share to rivals Intel (INTC) amongst challenging times in the PC market. Over the past eleven months Advanced Micro Devices shares have declined from over $4 in August 2014 to its current valuation of less than $2,…
On Friday, the Federal Reserve accidentally published the economic forecasts of its staffers, which normally remain private. The numbers reveal that the Fed is painting a much rosier picture of the United States economy than they publicly admit. Peter Schiff dug into these numbers during his podcast published on Saturday. Use the chart below to…
It’s nice to be paid money—a dividend—to own a stock, but not all dividends are created equal. Some are safer than others. When a company cuts a dividend, the stock usually plummets. Not good. Think of dividend yield as an interest rate. The fictional company Flotsam, which makes Jetsam (in several delicious flavors), sells…
(Photo Credit: Charis Tsevis) Along with some major tech companies including Twitter (TWTR), LinkedIn (LNKD) and Yelp (YELP), Facebook (FB) will also report its FQ2 ’15 figures after the closing bell tomorrow. Year-to-date (YTD) Facebook’s stock has outperformed the NASDAQ with a capital return of 20.70% compared to the index which has appreciated by 6.41%. For the upcoming…
