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 Earnings Roundup: Alcoa (AA), Google (GOOG), And Wells Fargo (WFC) By Corey Williams, Editor From Options Trading Research Earnings season is in full swing... It's time for companies to put up or shut up. Last week, Alcoa (AA), Google (GOOG), and Wells Fargo (WFC) all reported solid quarterly earnings. Let's take a closer look… Alcoa reported earnings of 10 cents per share. Far better than the 4 cent per share loss analysts had been expecting. Simply put, they hit it out of the park. -------------Sponsor------------- The ONE Event in 2012 that Could Derail Obama A prominent financial journalist says that a single event -- which is likely to take place in the next year -- could soon transform America, overnight. He says this event could also destroy Obama's hopes of getting re-elected. And he says this controversial event will be the most important financial story of 2012 -- yet almost no one is paying attention to it right now. Get the important facts here… ------------------------------------ It was a nice surprise from a company that struggled to a 3 cent per share loss last quarter. How did they get things turned around? The aluminum maker cut costs and sold more aluminum to companies in the automobile and aerospace industries. However, management was cautious with their earnings guidance because there's a glut of aluminum and prices are depressed. That could be a blessing for investors. AA should have little trouble beating estimates next quarter. Google reported earnings of $10.08 per share. And they announced an unusual stock split. The tech giant led off with a better than expected 14.5% first quarter earnings growth. However, revenue growth of 22% came up just short. It's a solid start for a highly anticipated tech earnings season. Now, other tech companies need to follow Google's lead if the sector is going to hold onto it impressive gains so far this year. On the other hand, Google's stock split is a bit confusing. They're splitting the stock 2-for-1. Investors will receive one share of the new Class C stock for every share of Class A or Class B stock they own. I don't understand why they need an entirely new class of stock. One thing's for sure, the split is going to play havoc with the stock options on GOOG. Wells Fargo reported earnings $0.75 per share. A 13% jump from the first quarter of last year. Their results were fueled by rebound in mortgage lending and a fewer delinquent loans. At this point, Wells is the largest mortgage lender and servicer in the US. So it's not surprising to see the bank turn in solid quarter. Remember, we had record low mortgage interest rates last quarter. And home buying activity accelerated as bargain hunters bought homes at depressed prices. The fact is WFC is one the strongest banks around. And they're leveraged to a rebound in housing. They could end up being the big winner in the aftermath of 2008 financial crisis. Clearly, first quarter earnings season got off to a fast start. And it continued this week with strong reports from Coca Cola (KO) IBM (IBM), Intel (INTC), and Goldman Sachs (GS). Keep an eye on YUM! Brands (YUM), Microsoft (MSFT), Verizon (VZ), and McDonald's (MCD) when they report earnings later this week. The performance of these bellwethers will likely determine the fate the markets this week. Good Investing, Corey Williams | Wednesday, April 18, 2012  • Coca-Cola (KO) rose to a 52-week high of $74.48. Their market cap is $167.4 billion. • Chesapeake Energy (CHK) dropped to a 52-week low of $19.00. They have a market cap under $12.3 billion. • 3D Systems (DDD) reached a 52-week high of $28.39. The company's market cap is over $1.4 billion.  "Money really isn't that important. Is a guy with fifty million dollars happier than a guy with forty eight million dollars?" -Milton Berle   
 Slower Chinese GDP Growth Bodes Well For Global Economy Monday, April 16, 2012 Gold Bears Are Roaring Friday, April 13, 2012 Research In Motion (RIMM) Buyout Coming? Wednesday, April 11, 2012    |
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