CHICAGO, Oct. 26, 2011 /PRNewswire/ -- Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: DuPont (NYSE : DD), UPS (NYSE : UPS), Xerox (NYSE : XRX), 3M (NYSE : MMM) and Texas Instruments (NYSE : TXN).
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Here are highlights from Tuesday's Analyst Blog:
Market to Lift from Positive Earnings?
The market will likely get a lift from a number of positive earnings announcements today, even as it waits for the European deal on Wednesday. Stocks did not take a negative view of the inconclusive weekend Euro-zone summit, but it may not be as charitable if faced with another delay.
The market appears to have priced in some sort of a viable European plan and fresh doubts on that front will likely put a stop to the current market rally. Stocks have made impressive gains this month, up almost 14% since October 3, on rising European hopes and the reassuringly strong quarterly earnings reports.
A number of this morning's earnings reports were particularly reassuring. DuPont (NYSE : DD) handily beat earnings and revenue expectations and guided higher. UPS (NYSE : UPS) came out with a positive earnings surprise on in-line revenue and reiterated its earlier guidance. Xerox (NYSE : XRX) also came ahead of earnings and revenue expectations and reiterated its guidance. 3M (NYSE : MMM) missed expectations and guided lower on weakness in its electronics business, citing economic factors. Texas Instruments (NYSE : TXN) came short of expectations after the close on Monday, citing economic headwinds, and guided lower.
Contrary to some of the more exaggerated concerns about earnings outlooks, the overall tone of earnings reports in this cycle has been positive. With economy no longer a pressing concern, as will likely be confirmed by this week's GDP report, and reassurance on the earnings front, all we need at this stage is a viable enough plan out of Europe.
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