Market News
McDonald's (MCD)
McDonald's announced today that global comparable sales increased 2.6% in January.
U.S. was down 0.7%. Europe was up 4.3%. Asia/Pacific, Middle East and Africa was up 4.3%. That has been the trend lately - relatively flat in the U.S. and growth outside the U.S.
Feb 10 · 1:04:00 PM · Source: Company Press Release
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by Rich Pike
Disney (DIS)
The Walt Disney Company today reported earnings for its first fiscal quarter ended January 2, 2010. Diluted earnings per share (EPS) for the quarter were $0.44 compared to $0.45 in the prior-year quarter. EPS for the current and prior-year quarter include the items discussed in the following paragraph. Excluding these items, EPS for the quarter increased 15% to $0.47 compared to $0.41 in the prior-year quarter.
“We are pleased with our first quarter results and are excited about our creative pipeline, from upcoming movies like Alice in Wonderland and Toy Story 3 to new attractions at our Parks and Resorts,” said Robert A. Iger, President and CEO, The Walt Disney Company. “Our unique ability to deliver outstanding experiences to consumers across platforms, markets and businesses gives us a strong competitive advantage and positions us well for long-term growth.”
Feb 10 · 12:58:00 PM · Source: Company Press Release
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by Rich Pike
Cardinal Health (CAH)
Benzinga is reporting that Zacks recently upgraded Cardinal Health to “Outperform" with a target price of $37 based on approximately 15.7x their fiscal 2011 EPS estimate of $2.36.
I like Cardinal Health. They have produced a ROE consistently in the teens over the past 10 years. Debt to Equity under 50%. Consistent dividends. Good, solid company. But, I am not comfortable with placing an almost 16 times earnings multiple on the company, especially using 2011 earnings.
Feb 10 · 12:47:00 PM · Source: Benzinga.com
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by Rich Pike
Medtronic (MDT)
Medtronic announced today it will report financial results for its third fiscal quarter on Tuesday, Feb. 23, 2010. The earnings news release will include summary financial information for Medtronic’s third quarter ended Jan. 29, 2010.
In November, 2009, Medtronic raised its fiscal 2010 earnings guidance to a range of $3.17 to $3.22 per share, up from prior guidance of $3.10 to $3.20 per share. The company also backed its goal of increasing sales by 5% to 8%, excluding the impact of foreign currency, for the second half of the fiscal year and beyond.
Feb 10 · 12:31:00 PM · Source: Company Press Release
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by Rich Pike
Interest Rates
Federal Reserve Chairman Ben Bernanke began Wednesday to outline the central bank's strategy, saying the Fed will likely start to tighten credit by boosting the interest rate it pays banks on money they leave at the central bank.
This strategy would raise rates tied to commercial banks' prime rate and affect many consumer loans. Companies and ordinary Americans would pay more to borrow.
Feb 10 · 11:37:00 AM
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by Larry Etter
Apple (AAPL)
Apple® today introduced Aperture™ 3, the next major release of its powerful photo editing and management software, with over 200 new features including Faces, Places and Brushes.
This builds on the Faces and Places features introduced in iPhoto® ’09
Feb 10 · 11:29:00 AM · Source: Company Press Release
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by Larry Etter
Intel (INTC)
Intel Corporation has introduced the Itanium® processor 9300 series, previously codenamed "Tukwila," which delivers more than double the performance of its predecessor, boosts scalability and adds reliability features to the Itanium platform that is already running mission-critical applications for 80 percent of the Global 100 corporations.
Intel says 80 percent of Global 100 companies have chosen Itanium®-based servers for their most demanding workloads so this helps its franchise there.
Feb 10 · 11:24:00 AM · Source: Company Press Release
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by Larry Etter
IBM (IBM)
IBM today announced it will make key parts of its software portfolio available in a cloud computing environment to more easily allow professors around the world to incorporate technology into their curricula. IBM brought together more than 200 academic and industry leaders at the conference to explore how best to integrate technology into all aspects of a college education.
IBM is working initially with 20 colleges and universities across the United States to help them use a new Academic Skills Cloud and will add additional schools over time.
Feb 10 · 11:19:00 AM · Source: Company Press Release
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by Larry Etter
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