Company News for August 2, 2010 - Corporate Summary

• Humana HUM posted second quarter earnings of $2.00, versus Zacks estimates of $1.63, on revenues of $8.65 billion, versus Zacks estimates of $8.58 billion. The company provided full-year guidance of $5.65-$5.75

• NRG Energy NRG topped estimates with second quarter earnings of 81 cents up from Zacks projections of 41 cents, as revenues fell 4.6% to $2.13 billion, but were above Zacks estimates of $2.00 billion

• Loews L topped projections with second quarter results of 87 cents, 5 cents higher than Zacks projections, on revenues of $3.45 billion, versus Zacks estimates of $3.39 billion

• Oshkosh Truck OSK bested earnings and revenue projections with fiscal third quarter earnings of $2.31, a 39-cent beat, on a 100.7% gain in revenues to $2.43 billion, ahead of $2.29 billion estimates

• Goldman Sachs GS added Meade Johnson Nutrition MJN to its Conviction Buy List, with a $61 price target

• JP Morgan JPM upgraded Coca-Cola KO to "overweight" from "neutral," with a price target of $66

• MetLife MET plans to offer 75 million shares to help finance its $6.8 billion purchase of American Life, a division of AIG AIG

• A Barron's article highlighted Bank of America BAC as attractive at current valuation levels, on the appeal of its banking business and brokerage activities, despite declining consumer fees. Barron's also noted a rise in Ford F shares to $20 over the next year possible, following earnings gains should auto sales improve

 
BANK OF AMER CP (BAC): Free Stock Analysis Report
 
FORD MOTOR CO (F): Free Stock Analysis Report
 
GOLDMAN SACHS (GS): Free Stock Analysis Report
 
HUMANA INC NEW (HUM): Free Stock Analysis Report
 
JPMORGAN CHASE (JPM): Free Stock Analysis Report
 
COCA COLA CO (KO): Free Stock Analysis Report
 
LOEWS CORP (L): Free Stock Analysis Report
 
METLIFE INC (MET): Free Stock Analysis Report
 
NRG ENERGY INC (NRG): Free Stock Analysis Report
 
OSHKOSH CORP (OSK): Free Stock Analysis Report
 
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