Exxon Reports Second Quarter Results
Exxon reported lower than expected second-quarter earnings as lower oil and gas prices weighed on the firm during the period. The oil and gas giant has the least attractive dividend yield among its peer group.
Brian Nelson
Precision Castparts Reports Strong Fiscal First Quarter Results; Aerospace and Power End Markets Remain Strong
Precision Castparts reported strong fiscal first-quarter results. Though the firm may face some near-term headwinds due to unexpected repairs on a couple of its forging presses, its exposure to the aerospace upswing has never been stronger.
3M Posts Record Second-Quarter Earnings; Reaffirms Outlook
3M posted solid second quarter earnings, but its underlying business segments continue to be a mixed bag. The firm’s Health Care and Industrial/Transportation segments remain quite strong, but the company’s Electro/Communications and Display/Graphics divisions continue to be pressured.
Waste Management Reports Second Quarter Results; Free Cash Flow Remains Strong
The garbage hauler continues to pull in cash at a nice pace, and restructuring plans should help offset cost headwinds.
Caterpillar Sets Performance Records in Second Quarter; Raises 2012 Profit Outlook
Caterpillar posted strong second quarter results, and the firm raised its 2012 bottom-line outlook despite concerns about the global economy. We think Caterpillar is the most interesting idea in the agricultural equipment space.
Visa Posts Strong Fiscal Third Quarter Results
Payments processor Visa reported strong fiscal third-quarter results, and we continue to expect valuation upside in the shares.
Ford Posts Record Quarter in North America But European Results Remain Weak
Automaker Ford continues to struggle in Europe. We think the stock remains undervalued, but many challenges lie ahead.
Pepsi’s Second Quarter and Guidance Were Underwhelming
Global snack and beverage giant PepsiCo reported underwhelming results for its second quarter. We don’t find the stock very compelling at current levels.
Buffalo Wild Wings Reports Strong Revenue Growth But Weak Profitability Gains
Restaurant chain Buffalo Wild Wings reported stellar revenue growth during the second quarter, but high chicken wing prices have become an impediment to significant earnings expansion.
Under Armour Continues to Grow…But Not Profitably
Under Armour reported strong second quarter revenue growth, but the firm failed to meet our earnings growth estimates. Shares remain overvalued.