Hot Stocks to Watch in the U.S. and Canada
January 27 2017 - 9:40AM
Dow Jones News
Among the companies with shares expected to trade actively in
Friday's session are Air Products & Chemicals Inc. (APD),
Honeywell International Inc. (HON) and Colgate-Palmolive Co.
(CL).
Air Products lowered its fiscal 2017 outlook amid political
uncertainty in the U.S. and Europe as the industrial-gas company
reported lower-than-expected first quarter earnings. Shares fell
5.07% $141.27 in premarket trading.
Honeywell posted an organic revenue decline and a smaller profit
in its latest quarter as expenses rose. Shares fell 0.73% to
$117.11 premarket.
Colgate-Palmolive posted a bigger-than-expected decline in sales
in the final quarter of the year, as the consumer-products giant
said it contended with worsening foreign-exchange challenges that
continue to pressure the top line. Share fell 5.04% to $64.80
premarket.
American Airlines Group Inc.'s (AAL) fourth-quarter revenue rose
1.7%, and a much-watched industry metric measuring airline
performance turned positive for the first time since 2014. Shares
rose 2.32% to $50.74 premarket.
Drugmaker AbbVie Inc. (ABBV) posted higher revenue, but profit
fell in its latest quarter as expenses rose and its smaller drugs
posted sales below Wall Street expectations. Shares fell 0.62% to
$60.89 premarket.
General Dynamics Corp. (GD) said its fourth-quarter earnings
rose as sales increased across the company's portfolio. Shares rose
0.68% to $178.50 premarket.
Chevron Corp. (CVX) swung to a profit in the latest quarter as
the company slashed expenses amid a tough pricing environment.
E*Trade Financial Corp.'s (ETFC) fourth-quarter profit rose 43%,
driven by a surge in trading activity. The online brokerage's
results beat Wall Street's expectations.
Google parent Alphabet Inc.'s (GOOG) fourth-quarter profit rose
8.3%, but it still fell short of analysts' expectations on a
higher-than-expected tax adjustment.
Intel Corp.'s (INTC) quarterly profit slipped 1.4% despite solid
sales, as the company invested heavily to maintain leadership in
microprocessors for personal computers and for servers used in
giant data centers.
Microsoft Corp. (MSFT) posted big quarterly gains in its
web-based, on-demand computing business, solidifying its spot as
the stiffest competitor to Amazon.com Inc.'s market-leading cloud
unit.
An increase in online sales during the holidays helped push
PayPal Holdings Inc.'s (PYPL) fourth-quarter revenue up 17%,
executives said. The payments company, spun off from eBay Inc.
(EBAY) in 2015, said it added more accounts in the most recent
period than it had in two years, bringing total active accounts to
197 million.
Starbucks Corp. (SBUX) cut its revenue target for the year and
reported lower-than-expected revenue for the December quarter. The
company blamed the latest miss on its mobile order app, which was
intended to reduce cash register lines. Instead, Starbucks
Operating Chief Kevin Johnson said, the lines have just shifted to
the pickup counter. Mr. Johnson, who is slated to succeed Howard
Schultz as chief executive in April, said long waits have driven
away customers.
Swift Transportation Co.'s (SWFT) revenue fell in the most
recent quarter, the seventh straight decline, as a freight market
downturn continues to take a toll on the trucking company, driving
down profit and revenue for the year.
Two days after U.S. President Donald Trump called for an
expedited review of the Keystone XL pipeline project, TransCanada
(TRP, TRP.T) has reapplied for a permit from the State Department.
TransCanada initially applied for the permit, which is needed for
oil pipelines to cross an international border into the US, in 2008
and again in 2012. The project, a flashpoint in the global debate
over climate change and fossil fuels, would also need approval from
Nebraska authorities.
VMware Inc.'s (VMW) strong performance, beating both quarterly
and annual earnings estimates, shows the company is dealing well
with tectonic change, including new parent company Dell
Technologies Inc. (DVMT) and the industry's accelerating move to
the cloud. VMware's so-called hybrid-cloud approach centers on
making it easier for customers to run computing tasks both in their
VMW-equipped data centers and on partner clouds.
Write to Chris Wack at chris.wack@wsj.com or Maria Armental at
maria.armental@wsj.com
(END) Dow Jones Newswires
January 27, 2017 09:25 ET (14:25 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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