Dow slid back 2, decliners over advancers 3-2 & NAZ lost 19. The MLP index dropped 4+ to the 333s & the REIT index went up 4+ to the 326s. Junk bond funds were higher & Treasuries were bid up. Oil fell to the 45s & gold was also weak.
AMJ (Alerian MLP Index tracking fund)
Coca-Cola, a Dow stock, reported lower-than-expected quarterly revenue as a strong dollar reduced the value of sales in markets outside North America. Sales in Asia-Pacific fell 11% in Q3, while sales in Latin America declined 14% & sales in Europe fell 7%. The 3 markets account for a 1/3 of total revenue. The dollar has risen about 12% against a basket of major currencies in the past year. Sales in North America, the biggest market, rose 1%, helped by higher pricing & its expanded distribution agreement with energy drink maker Monster Beverage (MNST). EPS fell to 33¢ from 48¢ a year earlier. Excluding items, EPS was 51¢ & net operating revenue fell nearly 5% to $11.43B. Analysts had expected EPS of 50¢ on revenue of $11.54B. The stock fell 26¢. If you would like to learn more about KO, click on this link:
club.ino.com/trend/analysis/stock/KO?a_aid=CD3289&a_bid=6ae5b6f7
Boeing, another Dow stock, raised its 2015 guidance as it reported Q3 earnings rose 25% on continued growth in deliveries of commercial jetliners & core earnings along with revenue beat expectations. The company raised its 2015 EPS estimate by 25¢ to 7.95-8.15 & boosted its revenue view by $500M to $95-97B. BA also raised its estimate for commercial airplane deliveries by 5 planes & now expects deliveries to reach 755-760 planes. The aerospace giant has continued to benefit from strong demand for its fuel-efficient jetliners despite falling oil prices & is pursuing record production increases to quickly deliver leaps in efficiency to cost-conscious airlines. Overall, EPS was 2.47, up from 1.86 a year earlier. Core operating EPS, which exclude such items as pension components related to market fluctuations, rose to 2.52 from 2.14. Revenue increased 8.7% to $25.8B. Analysts expected EPS of 2.22 & revenue of $24.74B. Good was not good enough & the stock dropped 1.09. If you would like to learn more about BA, click on this link:
club.ino.com/trend/analysis/stock/BA?a_aid=CD3289&a_bid=6ae5b6f7
General Motors reported record quarterly earnings before charges for Q3, as strong demand for trucks in North America & improved profit margins in China overcame declining revenues. EPS rose to 1.50, up 55% from a year ago & well ahead of the 1.18 estimate. Including $1.5B in costs for expenses related to the settlement of a Justice Dept investigation of the automaker’s mishandled ignition switch recall, EPS for the latest qtr was 84¢, up from 81¢. The stock rose 1.36. If you would like to learn more about GM, click on this link:
club.ino.com/trend/analysis/stock/GM?a_aid=CD3289&a_bid=6ae5b6f7
Stocks keep struggling, looking for buyers. Earnings are coming so-so at best. The strong $ is hurting the multi nationals & there is a general softness to sales. Macro economics remain sluggish with China trying to restart its grow the engine, minimal growth in the euro zone & uneven data for the US. But Dow is able to hold onto its gains which took it over 17K while earnings remain unimpressive.
Dow Jones Industrials
AMJ (Alerian MLP Index tracking fund)
| CLZ15.NYM | ....Crude Oil Dec 15 | ...45.43 |  ...0.86 | (1.9%) |
| GCV15.CMX | ...Gold Oct 15 | ......1,173.50 | ...4.50 | (0.4%) |
Coca-Cola, a Dow stock, reported lower-than-expected quarterly revenue as a strong dollar reduced the value of sales in markets outside North America. Sales in Asia-Pacific fell 11% in Q3, while sales in Latin America declined 14% & sales in Europe fell 7%. The 3 markets account for a 1/3 of total revenue. The dollar has risen about 12% against a basket of major currencies in the past year. Sales in North America, the biggest market, rose 1%, helped by higher pricing & its expanded distribution agreement with energy drink maker Monster Beverage (MNST). EPS fell to 33¢ from 48¢ a year earlier. Excluding items, EPS was 51¢ & net operating revenue fell nearly 5% to $11.43B. Analysts had expected EPS of 50¢ on revenue of $11.54B. The stock fell 26¢. If you would like to learn more about KO, click on this link:
club.ino.com/trend/analysis/stock/KO?a_aid=CD3289&a_bid=6ae5b6f7
Coca-Cola 3Q Revenue Misses on Strong Dollar\
Coca-Cola (KO)
Boeing, another Dow stock, raised its 2015 guidance as it reported Q3 earnings rose 25% on continued growth in deliveries of commercial jetliners & core earnings along with revenue beat expectations. The company raised its 2015 EPS estimate by 25¢ to 7.95-8.15 & boosted its revenue view by $500M to $95-97B. BA also raised its estimate for commercial airplane deliveries by 5 planes & now expects deliveries to reach 755-760 planes. The aerospace giant has continued to benefit from strong demand for its fuel-efficient jetliners despite falling oil prices & is pursuing record production increases to quickly deliver leaps in efficiency to cost-conscious airlines. Overall, EPS was 2.47, up from 1.86 a year earlier. Core operating EPS, which exclude such items as pension components related to market fluctuations, rose to 2.52 from 2.14. Revenue increased 8.7% to $25.8B. Analysts expected EPS of 2.22 & revenue of $24.74B. Good was not good enough & the stock dropped 1.09. If you would like to learn more about BA, click on this link:
club.ino.com/trend/analysis/stock/BA?a_aid=CD3289&a_bid=6ae5b6f7
Boeing Raises 2015 Outlook as Profit Climbs 25%
Boeing (BA)
General Motors reported record quarterly earnings before charges for Q3, as strong demand for trucks in North America & improved profit margins in China overcame declining revenues. EPS rose to 1.50, up 55% from a year ago & well ahead of the 1.18 estimate. Including $1.5B in costs for expenses related to the settlement of a Justice Dept investigation of the automaker’s mishandled ignition switch recall, EPS for the latest qtr was 84¢, up from 81¢. The stock rose 1.36. If you would like to learn more about GM, click on this link:
club.ino.com/trend/analysis/stock/GM?a_aid=CD3289&a_bid=6ae5b6f7
GM’s 3Q Earnings, Revenue Top Estimates
General Motors (GM)
Stocks keep struggling, looking for buyers. Earnings are coming so-so at best. The strong $ is hurting the multi nationals & there is a general softness to sales. Macro economics remain sluggish with China trying to restart its grow the engine, minimal growth in the euro zone & uneven data for the US. But Dow is able to hold onto its gains which took it over 17K while earnings remain unimpressive.
Dow Jones Industrials
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