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Updates- LinkedIn IPO, Oil, Yuan, HTZ, DTG, AES, TSN, BID, ATVI, SRE, PETS, RST, SYY, CLR…
Monday, May 9, 2011 - 7:26am | 1907It looks like, Oil prices could drop as low as $90 a barrel later this month as the global economy slows and unrest in the Middle East eventually fades. Crude oil for June delivery rose $2.91 to $100.09 a barrel. Gold for June delivery rose $14.80 to $1,506.50 an ounce, and silver for July...
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UPDATE: AES Reports Q1 Net Income of $224 million
Monday, May 9, 2011 - 7:03am | 100AES Corp (NYSE: AES) reported its first-quarter results on Monday. The company's quarterly net income surged to $224 million, from $187 million, in the year-earlier period. AES reported its earnings at $0.28 per share, versus $0.27 per share, in the year-earlier period. The company's adjusted...
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Southern Union Reports Q1 EPS of $0.48 vs. $0.50 Estimate; Revenues $746.8M vs. $626.3M Estimate (SUG)
Monday, May 9, 2011 - 7:02am | 23Southern Union (NYSE: SUG) Reports Q1 EPS of $0.48 vs. $0.50 Estimate; Revenues $746.8M vs. $626.3M Estimate
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Brean Murray Raises PT On Aqua America To $29
Monday, May 9, 2011 - 6:56am | 29Brean Murray Carret & Co. has raised the price target on Aqua America (NYSE: WTR) from $26 to $29 and maintains its Buy rating.
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AES Reports First Quarter 2011 Results of $0.22 Adjusted Earnings Per Share
Monday, May 9, 2011 - 6:54am | 129The AES Corporation (NYSE: AES) today reported results for the first quarter of 2011. The Company's proportional gross margin was stable versus the first quarter of 2010. Strong performance in Latin America was offset by lower volumes in Asia and lower prices in Europe. First Quarter Diluted...
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Bank of America Downgrades TECO Energy To Underperform, Raises PT To $18.50
Monday, May 9, 2011 - 6:53am | 28Bank of America has downgraded TECO Energy (NYSE: TE) from Neutral to Underperform and raises the price target from $18 to $18.50.
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Wunderlich Raises PT On Pepco To $19
Monday, May 9, 2011 - 6:47am | 27Wunderlich Securities has raised the price target on Pepco Holdings (NYSE: POM) from $18 to $19 and maintains its Hold rating.
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Earnings Scheduled For May 9 (BID, CHDN, TSN, SF, PETS, AONE, SRE, AES, SYY, TVI, RST)
Monday, May 9, 2011 - 1:05am | 293Sotheby's (NYSE: BID) is estimated to report its Q1 earnings at $0.04 per share on revenue of $119.45 million. Churchill Downs Inc (NASDAQ: CHDN) is estimated to post a Q1 loss at $0.32 per share on revenue of $126.65 million. Tyson Foods Inc (NYSE: TSN) is projected to report its Q2 EPS at $0....
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Stocks To Watch For May 9 (TSN, AES, ATVI, BID, SRE)
Monday, May 9, 2011 - 12:57am | 189Some of the stocks that may grab investor focus today are: Wall Street expects Tyson Foods Inc (NYSE: TSN) to report its Q2 EPS at $0.43 on revenue of $7.55 billion. TSN shares gained 0.58% to $19.00 in after-hours trading. Analysts are expecting AES Corp (NYSE: AES) to have earned $0.26 per...
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Earnings Preview For The AES Corporation (AES, DUK, PGN, DPL, EXC, CEG)
Sunday, May 8, 2011 - 2:41pm | 496The AES Corporation (NYSE: AES) is expected to announce its Q1 earnings results on Monday, May 9, before the markets open. Analysts are expecting earnings per share will be $0.26, the same as a year ago. In the last 30 days, the consensus estimate was upgraded by $0.03. Revenues are predicted to...
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Stocks Going Ex Dividend the Third Week of May
Saturday, May 7, 2011 - 9:23pm | 710Here is our latest update on the stock trading technique called 'Buying Dividends'. This is the process of buying stocks before the ex dividend date and selling the stock shortly after the ex date at about the same price, yet still being entitled to the dividend. This technique generally works only...
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Unitil Files for Changes in Natural Gas Distribution Rates
Friday, May 6, 2011 - 3:45pm | 200Unitil Corporation (NYSE: UTL) announced today that its local natural gas distribution utility recently filed two separate rate cases requesting approval to change its natural gas distribution base rates with the New Hampshire Public Utilities Commission and the Maine Public Utilities Commission...
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MGE Energy Reports EPS of $0.77 vs. $0.58 Estimate; Revenues $164.6M vs. $162.9M Estimate
Friday, May 6, 2011 - 2:40pm | 22MGE Energy (NASDAQ: MGEE) Reports EPS of $0.77 vs. $0.58 Estimate; Revenues $164.6M vs. $162.9M Estimate
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Jefferies Raises PT On NRG Energy To $26, Maintains Hold (NRG)
Friday, May 6, 2011 - 12:09pm | 57Jefferies raised its price target on NRG Energy (NYSE: NRG) from $23 to $26. In a research report published today, Jefferies stressed solid Q1 results as a reason for this revision. Jefferies still maintained a Hold rating on NRG, however. NRG added 2.02% to its value today and is currently...
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Jefferies Maintains Buy And PT Of $37.50 On Public Service Enterprise (PEG)
Friday, May 6, 2011 - 12:03pm | 56Jefferies maintained its Buy rating and price target of $37.50 on Public Service Enterprise (NYSE: PEG). In a research report published today, Jefferies also maintained its earnings per share estimates for 2011 and 2012, following Q1 results in line with Jefferies' expectations. Public Service is...