Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

Stocks To Watch: Amazon, AT&T, Merrill Lynch, Research in Motion, Toyota


Today's big stories and some stocks with potential to move...


Stocks to watch for Wednesday, April 25:

  • Aflac (AFL) reported an 11% increase in first-quarter net income late Tuesday, but the life and health insurer also said that sales in Japan fell 10.6%, a bigger decline than some analysts were expecting. Net income came in at $416 million, or 84 cents a share, vs. $375 million, or 74 cents a share, a year ago, Aflac reported. Operating earnings, which exclude net realized investment gains and losses and other items, were $407 million, or 82 cents a share.
  • Amazon (AMZN) said net more than doubled on a 32% jump in sales, helped by slower spending growth and a lower tax rate.
  • Apple's (AAPL) former CFO asserted that Jobs misled him about board actions on stock-options grants. Fred Anderson said he told the CEO that Apple might have to take a charge if it backdated grants.
  • AT&T (T) nearly doubled profit and revenue, fueled by growth in its wireless business and cost savings from acquisitions.
  • Cheesecake Factory (CAKE) said that first-quarter income fell to $18.4 million, or 24 cents a share, compared with last year's profit of $19.3 million, or 24 cents a share. Sales climbed to $356.6 million, falling just shy of the $359 million estimated by analysts.
  • C.H. Robinson Worldwide (CHRW) posted first-quarter net income of $73.0 million, or 42 cents a share, up from $58.1 million, or 33 cents a share, a year earlier. Sales rose to $1.62 billion from $1.50 billion a year ago with the trucking side benefiting from higher margins and increased volumes.
  • Corning (GLW) said quarterly net income jumped 27% amid better-than-expected results from its telecommunications business.
  • Hewlett-Packard (HPQ) signed an agreement to acquire Arteis, a privately held operator of Web-based graphic design firm Logoworks. Financial terms weren't disclosed.
  • Merrill Lynch (MER) said it will acquire a $2.9 billion stake in Resona in a deal that marks the largest investment ever by a foreign company in a Japanese bank.
  • Northwest Airlines (NWACQ) acquired Mesaba Airlines, which emerged from Chapter 11 bankruptcy protection Tuesday. Financial terms weren't disclosed.
  • Research in Motion (RIMM) and Verizon Wireless (VZ) plan to launch a BlackBerry smart phone that allows customers to roam on overseas networks.
  • TravelZoo (TZOO) reported first-quarter net earnings of $4.06 million, or 25 cents a share, down slightly from $4.12 million, or 24 cents a share, during the year-ago period. The New York-based Internet media company posted revenue for the three months ended March 31 of $19.7 million vs. $16.9 million.
  • Toyota (TM) surpassed General Motors (GM) in quarterly world-wide sales for the first time, underscoring a seismic shift in the auto industry.
  • Vonage (VG) won a court ruling letting it continue to sign up new customers while it appeals a decision that it violated Verizon patents.
  • XL Capital's (XL) first-quarter net income rose 20% to $562.5 million, or $3.06 a share , from $468.6 million, or $2.56 a share, a year earlier. The insurance and reinsurance company's revenue rose 0.4% to $2.48 billion from $2.47 billion.
  • Zoran (ZRAN) swung to a first-quarter loss of $5.88 million, or 12 cents a share, from net income of $20.7 million, or 43 cents a share, a year earlier, as revenue fell 29%. The digital entertainment and imaging components company's revenue dropped to $101.7 million from $142.2 million in the year-ago period.

Market Update

  • Asian trading closed with the Hang Seng -0.18%, Nikkei -1.24%, Sensex +0.57%, Taiwan -0.75% and Shanghai +0.63%.
  • A quick look towards Europe shows the CAC +0.88%, DAX +0.58%, FTSE +0.45%, ATX +0.40%, Swiss Mkt. -0.05% and Stockholm -0.01%.
  • Gold is trading +2.0 to 689.7 while crude oil is +0.38 to 64.96 this morning.
< Previous
  • 1
Next >
No positions in stocks mentioned.

The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.

Featured Videos