Diamonds and Dogs
Diamonds and Dogs
July 22, 2009Diamond
Pepsi Bottling GRP
PBG
PBG is a diamond today because they have posted bigger than estimated profit this quarter. This rise in profit had to do with their growth in international business. These results were posted just after their rival, Coca-Cola Co, had posted their better than expected quarterly profit as well, but Pepsi was able to cut costs and were helped by an emerging market growth. The group announced and reaffirmed its whole year outlook. Their stock is up $0.19 or 0.57% and 33.55 per share.
Dog
Genzyme Corp.
GENZ
Genzyme Corp has just suffered a plant shutdown and is said to have some impact on their latest quarter's results. The company has slashed their forecast because of the problems in production they are having in their Boston plant. Analysts suggested that it will however pressure their results for the rest of the year. In late morning trading, Genzyme's shares were down $4.65 or 8.3% to 51.26 per share.
July 21, 2009
Diamond
CAT
Caterpillar
CAT Inc. has been constructing steady profits for the economy with a market cap of $23.7 billion. CEO Jim Owens stated after the closing bell on Tuesday that "emerging markets is a big opportunity space for them, particularly in China." After the day Caterpillar stock reported a $0.50 cent increase per share, pushing them to the top of all construction and mining equipment.
Dog
LMT
Lockheed Martin CP
This national security cooperation took a hit in Tuesday's trade talk as the senate voted to eliminate all manufacturing of the new F22 Fighter Program. Although this seize set the company back a few steps, Lockheed was unfazed by the Senates vote or shift in governmental direction. Lockheed is looking forward into constructing bigger prizes such as the "cutting-edge" F- 35 Joint Strike Fighter, which LMT estimates could account for one-tenth of defense sales at the end of the year.
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