Aggressive · Stocks to Consider and Updates

CSX Misses Expectations on Top and Bottom Lines; Trims Outlook

East coast rail and intermodal carrier CSX Corp. (NASDAQ: CSX - $79.56) announced second quarter earnings of $870 million, or $1.08 per share, versus $877 million, or $1.01 per share in the same period last year; an earnings per share increase of 7%. The Street, however, was anticipating earnings of $1.11. CSX’s operating ratio set a company second quarter record of 57.4 percent,… Continue reading CSX Misses Expectations on Top and Bottom Lines; Trims Outlook

Aggressive · Stocks to Consider and Updates

JPMorgan Chase Reports Record Results

Money center bank JPMorgan Chase & Co. (NYSE: JPM - $115.02) reported a better-than-expected quarterly profit as higher interest income and buoyant consumer lending offset lower activity at its trading desks. Net revenue rose 4% to $29.57 billion and net income climbed 16% to a record $9.65 billion with earnings of $2.82 per share. Analysts… Continue reading JPMorgan Chase Reports Record Results

Aggressive · Stocks to Consider and Updates

Delta Beats Views; Ups Guidance and Raises Dividend

Atlanta-based Delta Air Lines (NYSE: DAL - $60.27) reported a 39.3% rise in quarterly profit as the second-largest U.S. carrier benefited from higher fares and flying fuller planes. On an adjusted basis, the airline earned $2.35 per share for the quarter compared to $1.77 in the second period of 2018. Analysts on average expected a profit of $2.28 per… Continue reading Delta Beats Views; Ups Guidance and Raises Dividend

Aggressive · Stocks to Consider and Updates

Applied Materials to Acquire Kokusai Electric

Applied Materials, Inc. (NASDAQ: AMAT - $45.43) announced a definitive agreement to acquire all outstanding shares of Kokusai Electric Corp. for $2.2 billion in cash from global investment firm KKR. Kokusai Electric is a leading company in providing high-productivity batch processing systems and services for memory, foundry and logic customers and complement Applied's leadership portfolio… Continue reading Applied Materials to Acquire Kokusai Electric

Aggressive · Stocks to Consider and Updates

Jabil Reports In-Line; Improves Guidance

Electronics contract-manufacturer Jabil, Inc. (NYSE: JBL - $27.32) saw higher revenue in its latest quarter and delivered earnings in-line with the target from Wall Street analysts. After adjustments, Jabil reported earnings of $0.57 a share compared to $0.46 in last year’s third period. Sales rose 13% to $6.14 billion, surpassing the $6.01 billion analysts had… Continue reading Jabil Reports In-Line; Improves Guidance

Aggressive · Stocks to Consider and Updates

Gilead Sciences Records Strong Profits

Foster City, California-based Gilead Sciences announced total revenue for the first quarter of $5.3 billion compared to $5.1 billion in 2018. Adjusted net income was $2.3 billion of $1.76 per share vs. $2.0 billion of $1.48 per share last year. HIV product sales rose to $3.6 billion compared to $3.2 billion primarily driven by higher… Continue reading Gilead Sciences Records Strong Profits

Aggressive · Stocks to Consider and Updates

Marathon Petroleum Posts Lower Profits; Acquires Andeavor Logistics

Marathon Petroleum Corp. reported a first quarter loss of $7 million or $(0.01) per share. Refining & Marketing segment loss from operations was $334 million, Midstream segment income came in at $908 million and the Retail business had net income of $170 million. The company generated $1.6 billion of operating cash flow and returned $1.2… Continue reading Marathon Petroleum Posts Lower Profits; Acquires Andeavor Logistics