CHICAGO, April 27, 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: Coke (NYSE: KO), Ford (NYSE: F), 3M (NYSE: MMM), Autonation (NYSE: AN) and Coach (NYSE: COH).
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HERE are highlights from Tuesday's Analyst Blog:
Looking at Earnings, Thinking About Fed
Earnings reports will be in focus today as we wait for the Fed Chief's
history-making news conference on Wednesday following the FOMC meeting
that gets underway today. Keeping us busy will be a slew of positive
reports from a fairly representative slice of corporate leaders, ranging
from Coke (NYSE: KO) and Ford (NYSE: F) to 3M (NYSE: MMM).
Ford sped past earnings and revenue expectations, with quarterely results
the best in more than 10 years. This solid result should help the
automaker wipe out the disappointment from its last quarterly result. Also
coming ahead of top- and bottom-line expectations was 3M. The maker of
Post-It notes raised guidance for the year as well.
Autonation (NYSE: AN), the nation's largest autodealer chain, beat on EPS, but
came in line with top-line expectations. To account for supply disruptions
from Japan, the auto chain lowered its forecast of total U.S. auto sales
to the 'mid-12-million' range from its earlier estimate of 12.8 million.
Also exposed to Japan was the luxury hand-bag maker, Coach (NYSE: COH), which
beat EPS and revenue expectations, with North American strength offsetting
Japanese disruptions. The company also raised its quarterly dividend.
Reporting 'softish' results this morning is Coca Cola, modestly coming
short of EPS and revenue expectations, with disruptions in Japan likely
offsetting solid volume growth elsewhere in the world, including the U.S.
UPS delivered a mixed result as well, with margin strength resulting in an
EPS beat, but revenue coming short.
The market should get reassured by this earnings parade, but I will not
blame it for having other issues on its collective mind: the Fed meeting
getting underway today, the first-quarter GDP report on Thursday, and most
importantly, the non-farm payroll report next Friday. There are just way
too many important things coming out in the next few days that may keep
the market from fully appreciating the ongoing earnings strength.
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Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
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