Computeruser.com
Latest News

The Zacks Analyst Blog Highlights: Bank of America, DuPont, Morgan Stanley and Verizon

CHICAGO April 20, 2012 Bank of America BAC DuPont   DD Morgan Stanley MS Verizon VZ

http://photos.prnewswire.com/prnh/20101027/ZIRLOGO

http://at.zacks.com/?id=5513

Here are highlights from Thursday’s Analyst Blog:

Big Day for Data, Earnings

Spain Bank of America BAC DuPont   DD Morgan Stanley MS

And that’s not all in terms of economic reports for today: we also have readings on Existing Home Sales, Leading Indicators and a regional manufacturing survey from the Philly Fed on deck for release a little later.  

Spain

This morning’s Jobless Claims data fails to satisfy the doubts raised by last week’s surprise jump in claims and the March payroll miss the week before that. The official report says that Initial Jobless Claims dropped by 2K to 386K, but in reality the preceding week’s tally was revised upwards from 380K to 388K. So, in reality, we got a 6K increase last week to 386K. The four-week average, which tends to smooth out the inherent week-to-week jumpiness of this series, increased by 5.5K to 374.8K last week.

It is unclear at this stage whether the emerging softness in labor market over the last few weeks is a reflection of economic improvement stalling or just due to complications in seasonally adjusting this data. We will know for sure in the coming weeks, but this is nevertheless a disappointing reversal.

Optimists, like myself, will continue to assign the blame for today’s claims miss on the inherent difficulties and complications of seasonal adjustments. But this argument will become weaker if this negative trend fails to reverse in the coming weeks.

Maybe we can take comfort in this morning’s strong run of earnings reports to get over the labor market disappointment. Results from Bank of America appear to have topped expectations, though the plethora of one-time charges makes it difficult to get a clearer view of the numbers. As with its other banking peers, credit quality at Bank of America continued to improve, with reduced credit loss provisions helping earnings.

DuPont came ahead of earnings and revenue expectations, with pricing gains and sales growth driving the outperformance.

Verizon VZ

http://at.zacks.com/?id=5515

About Zacks Equity Research

Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.

Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.

http://at.zacks.com/?id=5517

About Zacks

Leon Zacks http://at.zacks.com/?id=5518

http://www.zacks.com/performance

http://twitter.com/zacksresearch

http://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts

Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.

[email protected]
http://www.zacks.com

SOURCE Zacks Investment Research, Inc.

Leave a comment

seks shop - izolasyon
basic theory test book basic theory test