With shares of Boeing (NYSE:BA) trading around $128, is BA an OUTPERFORM, WAIT AND SEE, or STAY AWAY? Let�� analyze the stock with the relevant sections of our CHEAT SHEET investing framework:
T = Trends for a Stock’s Movement
Boeing is an aerospace company. It focuses primarily on engineering, information technology, research and development, test and evaluation, technology strategy development, environmental remediation management, and intellectual property management. The company operates in five segments: Commercial Airplanes, Boeing Military Aircraft, Network & Space Systems, Global Services & Support, and Boeing Capital Corp.
Boeing said on Thursday it will end the traditional pension plans for about 68,000 nonunion employees in 2016 and transition them to a company-funded defined contribution retirement savings plan.�Boeing�employees, including managers and executives, who participate in the main Boeing and subsidiary defined benefit pension plans are affected by the change.�Starting January 1, 2016, the Chicago-based company will make cash contributions each pay period through a new component of the 401(k) plan. When they retire, employees will receive all benefits earned in the current traditional pension plan prior to the transition, and Boeing said it will continue to match employee savings in an existing 401(k) plan.
Centene Corporation provides multi-line healthcare programs and services in the United States. It operates in two segments, Medicaid Managed Care and Specialty Services. The Medicaid Managed Care segment provides Medicaid and Medicaid-related health plan coverage to individuals through government subsidized programs, including Medicaid, the State children�s health insurance program, long-term care, foster care, and Medicare special needs plans, as well as aged, blind, or disabled programs. Its health plans provide primary and specialty physician care, inpatient and outpatient hospital care, transportation assistance, emergency and urgent care, vision care, prenatal care, dental care, laboratory and x-ray services, immunizations, prescriptions and over-the-counter drugs, home health and durable medical equipment, behavioral health and substance abuse services, therapies, social work services, care coordination, and 24-hour nurse advice line. The Specialty Services segment manages behavioral healthcare for members; provides health insurance to individual customers and their families; implements life and health management programs; offers long-term care services to the elderly and people with disabilities; and administers routine and medical surgical eye care benefits through its network of eye care providers. It also offers telehealth services; and claims processing, pharmacy network management, benefit design consultation, drug utilization review, formulary and rebate management, specialty and mail order pharmacy services, and patient and physician intervention services, as well as provides care management solutions that automate the clinical, administrative, and technical components of care management programs. The company offers its services through primary and specialty care physicians, hospitals, and ancillary providers. Centene Corporation was founded in 1984 and is headquartered in St. Louis, Missouri.
Advisors' Opinion: - [By Monica Gerson]
Breaking news
Whirlpool (NYSE: WHR) reported a strong rise in its third-quarter earnings. For the year, Whirlpool lifted its earnings forecast to $9.90 to $10.10 per share, versus its July outlook of $9.50 to $10 per share. To read the full news, click here. Questcor Pharmaceuticals (NASDAQ: QCOR) announced today that it will commence a Phase 2 study to explore the efficacy and safety of H.P. Acthar庐 Gel (repository corticotropin injection) for Acute Respiratory Distress Syndrome (ARDS). To read the full news, click here. Centene (NYSE: CNC) reported a stronger-than-expected third-quarter profit. Centene's quarterly net earnings surged to $49.4 million, or $0.87 per share, up from $3.8 million, or $0.07 per share, in the year-ago period. To read the full news, click here. Dwolla and Alliance Data Systems (NYSE: ADS) today announced they have signed a new, multi-year agreement for Alliance Data's Retail Services business to provide a cardless private label credit product for the Dwolla payment network. To read the full news, click here. Posted-In: Morgan Stanley US Stock FuturesNews Eurozone Futures Global Pre-Market Outlook Markets
- [By Jake L'Ecuyer]
Shares of Centene (NYSE: CNC) got a boost, shooting up 12.72 percent to $64.58 on upbeat quarterly results. Centene reported its Q1 earnings of $0.57 per share on revenue of $3.46 billion.
Hot Information Technology Companies For 2014: ArcelorMittal SA (MT)
ArcelorMittal, incorporated on June 8, 2001, is a global steel producer. During the year ended December 31, 2010, ArcelorMittal had steel shipments of approximately 85 million tons and crude steel production of approximately 90.6 million tons. ArcelorMittal produces a range of finished and semi-finished products. ArcelorMittal produces flat products, including sheet and plate, long products, including bars, rods and structural shapes, and stainless steel products. The Company operates in five segments: Flat Carbon Americas; Flat Carbon Europe; Long Carbon Americas and Europe; Asia, Africa and Commonwealth of Independent States (CIS) (AACIS), and Distribution Solutions. ArcelorMittal also produces pipes and tubes for various applications. ArcelorMittal sells its products in local markets and through its centralized marketing organization to a range of customers in approximately 174 countries, including the automotive, appliance, engineering, construction and machinery industries. On February 18, 2011 ArcelorMittal and Nunavut Iron Acquisition Inc. announced they had taken up over 93% of the Baffinland Iron Mines Corporation (Baffinland) under their joint offer. On January 25, 2011, ArcelorMittal approved the spin-off of ArcelorMittal�� stainless and specialty steels business into Aperam. On September 20, 2010, ArcelorMittal Poland completed the acquisition of Zaklady K Zdzieszowice. On July 23, 2010, the Company completed the acquisition of ArcelorMittal Ostrava. On July 5, 2010, the Company completed a disposition of the Anzherskaya coal mine in Russia.
Flat Carbon Americas
ArcelorMittal�� Flat Carbon Americas segment has production facilities in both North and South America, including the United States, Canada, Brazil and Mexico. As of December 31, 2010, ArcelorMittal USA had 18 production facilities, consisting of four integrated steel-making plants, one basic oxygen furnace/compact strip mill, six electric arc furnace plants, five finishing plants, and two coke-makin! g operations. ArcelorMittal USA�� operations include both flat carbon and long carbon production facilities. ArcelorMittal USA�� main flat carbon operations include integrated steel-making plants at Indiana Harbor, Burns Harbor and Cleveland. ArcelorMittal USA, through various subsidiaries, owns interests in joint ventures, including ArcelorMittal Tek, ArcelorMittal Kote, Double G Coatings, PCI Associates, and Hibbing Taconite Company. ArcelorMittal USA also owns several short-line railroads that transport materials among its facilities, as well as raw material assets. ArcelorMittal USA operates an iron ore mine through its wholly owned subsidiary ArcelorMittal Minorca. ArcelorMittal Coal Group USA, LLC and its subsidiaries operate surface mines and deep mines in McDowell County, as well as a surface mine in Tazewell County.
ArcelorMittal Tubarao (AMT), a wholly owned subsidiary of ArcelorMittal Brasil, has two production facilities: the Tubarao integrated steel making facility and the Vega finishing complex. ArcelorMittal Lazaro Cardenas (AMLC) is a steel producer in Mexico. AMLC operates a pelletizer plant, two direct reduced iron plants, electric arc furnace-based steel-making plants and continuous casting facilities. ArcelorMittal Dofasco Inc. (Dofasco) is a North American steel solution provider and manufacturer of flat rolled steels. Its products include hot-rolled, cold rolled, galvanized and tinplate, as well as tubular products and laser-welded blanks. ArcelorMittal Mines Canada is a North American producer of iron ore products, including concentrate and several types of pellets. During 2010, the mines in aggregate produced 15.1 million tons of pellets and concentrates.
Flat Carbon Europe
ArcelorMittal�� Flat Carbon Europe segment has production facilities in Western and Eastern Europe, including Germany, Belgium, France, Spain, Italy, Luxembourg, Romania, Poland, Macedonia, Estonia and the Czech Republic. ArcelorMittal�� Flat Carbon Europe segm! ent has p! roduction facilities in Western and Eastern Europe, including Germany, Belgium, France, Spain, Italy, Luxembourg, Romania, Poland, Macedonia, Estonia and the Czech Republic. During 2010, ArcelorMittal Bremen GmbH produced 3.3 million tons of crude steel. The facilities of ArcelorMittal Liege Upstream are located in two main plants along the Meuse River: the Seraing-Ougree plant, which includes a coke plant, a sinter plant and two blast furnaces, and the Chertal plant, which includes a steel shop with three converters, a ladle metallurgy, two continuous caster machines and a hot strip mill. During 2010, ArcelorMittal Liege Upstream produced 0.9 million tons of crude steel. ArcelorMittal Atlantique is part of ArcelorMittal Atlantique et Lorraine, which is wholly owned by ArcelorMittal France. It has four plants in the north of France, located in Dunkirk, Mardyck, Montataire and Desvres. During 2010, ArcelorMittal Atlantique et Lorraine S.A.S. produced 5.3 million tons of crude steel.
During 2010, ArcelorMittal Eisenhuttenstadt GmbH produced 1.9 million tons of crude steel. It produces and sells a range of products, including hot-rolled, cold-rolled, electrical and hot dip galvanized and organic-coated rolls to automotive, distribution, metal processing, construction and appliances industry customers in Germany, Central and Eastern Europe. ArcelorMittal Mediterranee S.A.S. operates a flat carbon steel plant in Fos-sur-Mer. It also operates a finishing facility for electrical steel located in Fos-sur-Mer. ArcelorMittal Mediterranee S.A.S.�� principal equipment consists of one coke oven plant, one sinter plant, two blast furnaces, two basic oxygen furnaces, two continuous slab casters, one hot strip mill, one pickling line, one cold rolling mill and two continuous annealing lines. ArcelorMittal Mediterranee�� products include coils to be made into wheels, pipes for energy transport and coils for finishing facilities for exposed and non-exposed parts of car bodies, as well as the constructio! n, home a! ppliance, packaging, pipe and tube, engine and office material industries. ArcelorMittal Gent is an integrated coastal steelworks. ArcelorMittal Liege produces a range of steel grades, including a range of construction steels and micro-alloyed grades.
ArcelorMittal Piombino manufactures galvanized and organic-coated steel products. During 2010, it operated one pickling line, four-stand tandem mill, three hot dip galvanizing lines and three organic coating lines. ArcelorMittal Piombino�� products are sold to European customers, primarily in the distribution, appliance and construction industries. During 2010, ArcelorMittal Dudelange operated two hot dip-coating lines, producing Alussi and Aluzinc, and two electro galvanizing lines for appliances and industries. ArcelorMittal Sagunto is a flat steel finishing products. The facilities consist of a pickling line, a regeneration plant for hydrochloric acid and a full continuous five stands tandem mill. ArcelorMittal Sestao�� equipment consists of two electric arc furnaces, two continuous slab casters, one hot rolling mill and one pickling line. During 2010, ArcelorMittal Sestao produced 1.3 million tons. ArcelorMittal Sestao is a supplier of hot-rolled, pickled and oiled coils to the Spanish market. Its range of production includes cold forming and drawing steels, structural steels, cold for re-rolling, direct galvanization, dual phase, weather resistance and floor plates.
ArcelorMittal Poland S.A. (AMP) is a steel producer in Poland. AMP�� Zdzieszowice Coke Plant produces and supplies coke to ArcelorMittal subsidiaries and third parties. AMP produces coke and a range of steel products, including both long products and flat products. Its product range includes slabs, billets, blooms, sections, rails, hot-rolled sheets and strips, cold rolled sheets and strips, galvanized sheets, heavy plates, wire-rods, wires and other wire products and coated sheets and coils. During 2010, ArcelorMittal Galati S.A. produced 1.9 million tons! of crude! steel which were sold as plates, hot-rolled coil, cold rolled coil and galvanized products for the Romanian, Turkish and Balkan markets. ArcelorMittal Ostrava a.s. produces both flat and long carbon products. ArcelorMittal Annaba produces both flat and long carbon products.
Long Carbon Americas and Europe
ArcelorMittal�� Long Carbon Americas and Europe segment has production facilities in North and South America and Europe, including the United States, Canada, Brazil, Argentina, Costa Rica, Mexico, Trinidad, Spain, Germany, France, Luxembourg, Poland, Romania, Morocco, Algeria, Bosnia and Herzegovina and the Czech Republic. ArcelorMittal Brasil S.A. is a long-rolled steel producer and the wire steel producer in Latin America in terms of both capacity and sales. During 2010, ArcelorMittal Brasil S.A.�� steel production facilities included one integrated plant, one semi-integrated steel plant, three mini-mills, nine wire plants and three plants that produce transformed steel products. In addition, ArcelorMittal Brasil S.A., through its subsidiary, produces charcoal from eucalyptus forestry operations that is used to fuel its furnaces in Juiz de Fora and or to exchange for pig iron with local producers, and through the jointly controlled entity Guilman Amorin, produces energy used to supply the Joao Monlevade plant. During 2010, it produced 3.4 million tons of crude steel and a total of 3.3 million tons of rolled products, of which 0.6 million tons were processed to manufacture wire products. Andrade Mine is an iron ore producer located in the Minas Gerais state of Brazil. In 2010, Andrade Mine produced 1.6 million tons of iron ore.
ArcelorMittal Mineracao Serra Azul is an iron ore producer located in the Minas Gerais state of Brazil. It supplies sinter feed to ArcelorMittal plants in Europe and domestic market and also lump ore for local pig iron producers and certain ArcelorMittal Brasil integrated plants. During 2010, ArcelorMittal Mineracao Serra Azul produ! ced 3.3 m! illion tons of iron ore. It produces rebars, wire rod, merchant bars, special bar quality (SBQ), wires, wire mesh, cut and bend and drawn bars. Acindar�� own distribution network can also service end-users. ArcelorMittal Point Lisas Ltd. is a steelmaker in the Caribbean. During 2010, ArcelorMittal Point Lisas exported substantially all of its wire rod shipments, to steel manufacturers in South and Central America, the Caribbean and the United States. ArcelorMittal USA produces both flat and long carbon products. During 2010, ArcelorMittal Montreal Inc. produced 1.8 million tons of crude steel. ArcelorMittal Duisburg GmbH�� production facilities are located in Ruhrort and Hochfeld, Germany. During 2010, ArcelorMittal Duisburg GmbH produced 1.2 million tons of crude steel. During 2010, ArcelorMittal Hamburg GmbH produced one million tons of crude steel. ArcelorMittal Poland S.A. produces both flat carbon and long carbon products. ArcelorMittal Ostrava�� production facilities are located in Ostrava, Czech Republic. As of December 31, 2010, ArcelorMittal Energy Ostrava had 11 boilers. During 2010, ArcelorMittal Rodange & Schifflange produced 0.7 million tons of crude steel. During 2010, ArcelorMittal Warszawa S.p.z.o.o. produced 0.5 million tons of crude steel. During 2010, ArcelorMittal Madrid produced 0.4 million tons of crude steel.
ArcelorMittal Zaragoza is located in Aragon, in northeastern Spain. During 2010, ArcelorMittal Zaragoza produced 0.5 million tons of crude steel. During 2010, ArcelorMittal Zenica produced 0.6 million tons of crude steel. During 2010, ArcelorMittal Prijedor produced 1.4 million tons of iron ore. ArcelorMittal Annaba produces both long and flat products. Its flat product range includes slabs, hot rolled and cold-rolled coils and sheets, hot-dipped galvanized products and tin plates, and its long product range includes billets, wire-rods, rebars and seamless tubes. Societe Nationale de Siderurgie (Sonasid) is a steel producer in Morocco and has facilities in! Nador, J! orf and Lasfar. Its facilities consist of one electric arc furnace, one continuous caster, one wire rod and one bar mill. Sonasid produces steel bars and rods. These products include reinforcing bars, wire rods and merchant bars. During 2010, Sonasid produced 0.5 million tons of crude steel. ArcelorMittal Hunedoara�� facilities are located in Romania. Its production facilities are one electric arc furnace, two continuous casters and a sections rolling mill. During 2010, Arcelor Mittal Hunedoara produced 0.1 million tons of crude steel. During 2010, ArcelorMittal Tubular Products division operated 19 operating units in Europe, North America, South America, CIS and Africa. The division caters to the energy, mechanical and automotive tubing and components markets. The facilities include four facilities producing seamless tubes, three facilities producing large diameter welded tubes, 10 facilities producing electric resistance welded (ERW) tubes, one facility producing cold drawn tubes and two facilities producing automotive components using welded tubes.
AACIS
ArcelorMittal�� AACIS segment has production facilities in Asia and Africa, including Kazakhstan, Ukraine, South Africa and Russia. During 2010, ArcelorMittal South Africa Ltd. produced 5.5 million tons of crude steel. OJSC ArcelorMittal Kryviy Rih�� integrated steel plant consists of six coke oven plants, three sintering plants, six blast furnaces, six basic oxygen furnaces, two open hearth furnaces, two blooming mills and six light section / bar mills and three wire rod mills. ArcelorMittal Temirtau�� wholly owned integrated steel plant located in the Karaganda region of Kazakhstan, consists of six coke oven batteries of which six are operating, three sinter plants, four blast furnaces (three of which are operational), three basic oxygen furnaces, two continuous slab casters, one hot strip mill, two cold rolling mills and three tinning lines, one hot dip galvanizing and one aluminum-zinc coating lines, one color ! coating l! ine, two welded pipe mills and a bar mill.
JSC ArcelorMittal Temirtau�� products includes pig iron, continuous caster slabs, hot- and cold-rolled coils and sheets, black plates, covers, tin plates, hot dipped galvanized products, color coated products and welded pipes, bars, sections and re-bars. JSC ArcelorMittal Temirtau has four iron ore mines in central Kazakhstan. ArcelorMittal Northern Kuzbass in Siberia, Russia includes the Berezovskaya and Pervomayskaya mines, as well as the Severnaya coal washery. The main consumers of the coking coal produced are OJSC ArcelorMittal Kryviy Rih and some local coke producers.
Distribution Solutions
Distribution Solutions is primarily the in-house trading and distribution arm of ArcelorMittal. It also provides steel solutions. It services a range of customer industries, including automotive, construction, household appliances, public works, civil engineering and general industry. The range of Distribution Solutions is offered through a network covering 30 countries, while specific solutions are dispatched in five business units: ArcelorMittal Construction Solutions, ArcelorMittal International, ArcelorMittal Projects, ArcelorMittal Total Offer Processing, ArcelorMittal Wire Solutions. The range of distribution solutions is organized across geographical areas through locally empowered management: Benelux, Central and Eastern Europe, France, Germany/Switzerland, Iberia, Italy, the Maghreb, Turkey/Mediterranean, South America, Poland, the United Kingdom/Scandinavia. The processing facilities provide services for flat and long carbon steel, as well as for specialty products, from light finishing work on beams to an integrated offer of slit coils, sheets and blanks.
ArcelorMittal Construction Solutions provides its customers with steel-based solutions for cladding, roofing, flooring and structure. ArcelorMittal International is the global sales network supplying ArcelorMittal products from over 30 mills outside ! of their ! home markets. ArcelorMittal Projects provides distribution solutions and services for projects in foundation solutions, infrastructure, oil and gas and building related steel constructions. ArcelorMittal Total Offer Processing provides a global offer in steel processing, ranging from design to production and from the logistics of steel components to steel solutions for industrial accounts. ArcelorMittal Wire Solutions is a global industrial wiredrawer, serving sectors, such as agriculture, automotive, construction, energy and general industry.
Advisors' Opinion: - [By Selena Maranjian]
Among holdings in which Passport Capital increased its stake were Yamana Gold�and Solazyme. Passport Capital reduced its stake in lots of companies, including Southern Copper�and global steel giant Arcelor Mittal (NYSE: MT ) , the latter of which has been facing a weak steel market, especially in Europe, and carries a lot of debt, while not producing gobs of free cash flow lately. Still, some see it as promisingly priced now, with a forward P/E near 9, and a global economic recovery likely. Rising auto sales bode well for the steel company, too. Its stock is yielding about 5.6%.
- [By Rich Duprey]
Taking a siesta
Time magazine labeled the French factory in Amiens as Goodyear's "nightmare." Despite trying to work with the unions over the years to change work hours or eliminate redundancies and prevent just such an outcome, the unions thwarted every entreaty. The government has a heavy-handed way of dealing with closures and layoffs, for example castigating ArcelorMittal (NYSE: MT ) for also having the temerity to want to close down an unprofitable facility.�So just because Goodyear says it wants to end the bloodletting doesn't mean it will happen anytime soon. �
- [By Holly LaFon]
And about Pepsi, he says that it�� been out of favor during the tech years but a lot of defensive names are all the rage, and is your portfolio tilted towards consumer defensive names because of your macroeconomic view, and it seems a more contrarian approach would be a more bullish approach on cyclicals like ArcelorMittal (MT) or Fiat (FIA).
- [By Ben Levisohn]
In our view, X’s recent outperformance of its closest peer [ArcelorMittal (MT), and the iron ore price, will reverse over coming months. Unlike 2012/13 when iron ore prices rebounded to $160/t post the destock, we see the iron ore price settling at a structurally lower level in 2H2014. Finally we note that X needs a ~4x increase in the pace of its 'Project Carnegie' initiatives in order to maintain its position on the US domestic cost curve
Hot Information Technology Companies For 2014: Innotrac Corporation(INOC)
Innotrac Corporation provides order processing, order fulfillment, and call center services to corporations that outsource these functions. It receives clients? orders through inbound call center services, electronic data interchange, or the Internet; picks, packs, verifies, and ships items; tracks inventory levels through an automated perpetual inventory system; and warehouses data and handles customer support inquiries. The company offers a range of fulfillment and customer support services to e-commerce/direct-to-consumer, retail, direct marketing, telecommunications, and business-to-business clients. Its fulfillment services include warehouse management, automated shipping solutions, real-time inventory tracking and order status, purchasing and inventory management, channel development, zone skipping and freight optimization modeling, product sourcing and procurement, packaging solutions, back-order management, returns management, and e-commerce consulting and integra tion. The company?s customer support services comprise inbound call center services, technical support and order status, returns and refunds processing, cross-sell/up-sell services, collaborative chat, and intuitive e-mail responses. It operates seven fulfillment centers and one call center in the continental United States. Innotrac Corporation was founded in 1984 and is headquartered in Johns Creek, Georgia.
Advisors' Opinion: - [By Lauren Pollock]
Corporate support service provider Innotrac Corp.(INOC) on Monday confirmed the company has been in recent talks regarding a potential takeover bid worth nearly $109 million. The company, which didn’t name the potential buyer, said it had been engaged in discussions for “a few weeks” under an agreement that would�result in investors receiving $8.20 a share.
Hot Information Technology Companies For 2014: Fidelity Nasdaq Composite Index Tracking Stock (ONEQ)
Fidelity NASDAQ Composite Index Tracking Stock (the Fund) is an exchange-traded fund of Fidelity Commonwealth Trust (the trust). The Trust is an open-end management investment company. The Fund may invest in Fidelity Central Funds, which are open-end investment companies available only to other investment companies and accounts managed by Fidelity Management & Research Company (FMR) and its affiliates. The Fund's Schedule of Investments lists each of the Fidelity Central Funds as an investment of the Fund, but does not include the underlying holdings of each Fidelity Central Fund.
The Fund invests in sectors, such as consumer discretionary, consumer staples, energy, financials, healthcare, industrials, information technology, materials, telecommunication services and utilities. Fidelity Management & Research Company serves as the adviser for the Fund. Geode Capital Management, LLC and FMR Co., Inc. serve as sub-advisers for the Fund.
Advisors' Opinion: - [By MONEYMORNING.COM]
The investment that we're talking about is the Fidelity Nasdaq Composite Index Tracking Stock (Nasdaq: ONEQ) - an exchange-traded fund (ETF) that mirrors the tech-focused Nasdaq Composite Index.
- [By MONEYMORNING.COM]
If you're asking yourself that sort of question, let me introduce you to the Fidelity Nasdaq Composite Index Tracking Stock (Nasdaq: ONEQ).
This exchange-traded fund (ETF), as the name says, perfectly mirrors the tech-focused Nasdaq.
Hot Information Technology Companies For 2014: Eaton Corporation(ETN)
Eaton Corporation operates as a power management company worldwide. It provides electrical components and systems for power quality, distribution, and control; hydraulics components, systems, and services for industrial and mobile equipment; aerospace fuel, hydraulics, and pneumatic systems for commercial and military use; and truck and automotive drivetrain, and powertrain systems for performance, fuel economy, and safety. The company also manufactures screw-in cartridge valves, custom-engineered hydraulic valves, and manifold systems; and electrical and electromechanical systems. In addition, it designs, manufactures, and distributes intake and exhaust valves for diesel and gasoline engines; supplies electrical components for commercial and residential building applications and industrial controls for industrial equipment applications; and manufactures human machine interfaces, programmable logic controllers, and input/output devices. Further, the company also operates a s a provider of customized enclosures, rack systems, and air-flow management systems to store, power, and secure mission-critical IT data center electronics; and manufacturer, distributor, and service provider of single-phase and three-phase uninterruptible power supply systems. Eaton Corporation was founded in 1916 and is headquartered in Cleveland, Ohio.
Advisors' Opinion: - [By Jayson Derrick]
This morning, Eaton (NYSE: ETN) reported its second quarter results. The company announced an EPS of $0.41, missing the consensus estimate of $1.14. Revenue of $5.77 billion missed the consensus estimate of $5.79 billion. Net income for the quarter fell to $172 million from $497 million in the same quarter a year ago despite sales rising three percent from a year ago, including a six percent rise in electrical product sales and nine percent rise in aerospace. The company lowered the high end of its fiscal 2014 guidance and now sees its EPS being in a range of $4.50 to $4.70, down from a previous $4.50 to $4.90. The company noted that the lower guidance reflects lower margins in its electrical systems and services segment. During the conference call, the company noted that it does not see any compelling reason to transform its portfolio, as it will face a large tax liability if it were to spin off a division within five years of its Cooper Industries acquisition. Shares lost 8.13 percent, closing at $70.51.
- [By Marc Bastow]
Power management company Eaton (ETN) raised its dividend 16.7% to 49 cents per share, payable March 21 to shareholders of record as of March 10.
ETN Dividend Yield: 2.6%
- [By Alex Planes]
Investors love stocks that consistently beat the Street without getting ahead of their fundamentals and risking a meltdown. The best stocks offer sustainable market-beating gains, with robust and improving financial metrics that support strong price growth. Does Eaton (NYSE: ETN ) fit the bill? Let's take a look at what its recent results tell us about its potential for future gains.