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CSX Beats Estimates; Announces Share Buyback

East coast rail and intermodal carrier CSX Corp. (NYSE; CSX - $63.86) reported quarterly revenue and profit that topped Street views. Revenue for the fourth period increased 10% over the prior year to $3.14 billion, supported by increases in fuel recovery, broad-based volume growth, pricing gains, higher supplemental revenue and a favorable freight mix. Analysts had expected $3.12 billion of… Continue reading CSX Beats Estimates; Announces Share Buyback

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Delta Reports Fourth Quarter Results

Atlanta-based Delta Air Lines (NYSE: DAL - $47.09) pushed sales higher in the fourth quarter on gains in the leisure market and demand from corporate clients, but the carrier confirmed it couldn’t raise fares as much as it once hoped. The carrier said total sales in the final period of the year increased 5% compared… Continue reading Delta Reports Fourth Quarter Results

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JPMorgan Chases Misses Earning’s Estimate

New York’s money center bank JPMorgan Chase & Co. (NYSE: JPM - $100.27) reported a profit of $7.07 billion, or $1.98 a share compared to $1.76 a year ago. Analysts, however, had fourth quarter earnings pegged at $2.20 a share. Costs for the period increased 6% to $15.7 billion from $14.9 billion a year earlier. Revenue rose 4.1% to $26.8 billion, shy of the average Street expectation… Continue reading JPMorgan Chases Misses Earning’s Estimate

Aggressive · Stocks to Consider and Updates

Newmont to Acquire Goldcorp

Denver-based Newmont Mining Corp. (NYSE: NEM - $31.83) said it plans to buy smaller rival Goldcorp Inc. in an all-stock deal worth $10 billion, creating the world's largest gold producer. The combined company, which will be called Newmont Goldcorp, would overtake current leader Barrick Gold's annual production and will have mines in the Americas, Australia and Ghana. After… Continue reading Newmont to Acquire Goldcorp

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Jabil Posts Record First Quarter Results

Electronic manufacturing services and solutions company Jabil, Inc. (NYSE: JBL - $23.98) reported a profit of $124 million, as its efforts to diversify into new markets paid off. On an adjusted basis, the St. Petersburg, Florida-based company reported a profit of $0.90 a share, compared to expectations of $0.88 and 12 ½% above last year’s first quarter. Compared to… Continue reading Jabil Posts Record First Quarter Results

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Applied Materials Reports In Line; Guidance Disappoints

Shares of chip equipment and display maker Applied Materials, Inc. (NASDAQ: AMAT - $34.39) are giving back some of yesterday’s gains after reporting final 2018 quarterly results. Adjusted earnings per share increased to a fourth period record of $0.97 from $0.93 a year earlier and matched the average estimate of analysts. Revenue increased to $4.01 billion, also in line… Continue reading Applied Materials Reports In Line; Guidance Disappoints

Aggressive · Stocks to Consider and Updates

Stock to Consider: Marathon Petroleum

Last week I added Marathon Petroleum Corp. (NYSE: MPC - $69.83) to the aggressive portfolio, replacing Harris Corp., which is in the process of combining with L3 Technologies.        Marathon - headquartered in Findlay, Ohio - operates through three segments: Refining & Marketing (74% of revenue), Speedway (22%) and Midstream (4%). The company… Continue reading Stock to Consider: Marathon Petroleum