CHICAGO, Oct. 27, 2011 /PRNewswire/ -- Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Ford (NYSE: F), Sprint Nextel (NYSE: S), ConocoPhillips (NYSE: COP), WellPoint (NYSE: WLP) and Lockheed Martin (NYSE: LMT).
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Here are highlights from Wednesday's Analyst Blog:
All Eyes on Europe, Earnings
September's Durable Goods report came roughly in-line with expectations on the 'headline' basis, but was significantly better than expected on the 'core' basis. The 'core' number, which strips out the volatile transportation and defense equipment, serves as a proxy for business capital spending.
The 'core' reading, also called nondefense capital goods excluding aircraft, rose a better-than-expected 2.4% in September, after August's 0.5% gain. This report, admittedly a very volatile metric on a month-to-month basis, is another confirmation of momentum on the manufacturing front following the summer lull.
Of the key earnings reports this morning, Ford (NYSE: F) handily beat earnings and revenue expectations, with attention now shifting to when the automaker will be reinstituting its dividend. Sprint Nextel (NYSE: S) came out with a narrower than expected loss on in-line revenue, with response to the launch of iPhone reportedly surpassing the company's expectations. Sprint launched the iPhone 4S after the quarter ended, so the device's full impact will become obvious in the next quarterly results. We also have positive surprises from ConocoPhillips (NYSE: COP), WellPoint (NYSE: WLP) and Lockheed Martin (NYSE: LMT).
Amazon came out with terrible results after the close on Tuesday, as heavy spending ate sharply into the retailer's margins, resulting in an earnings miss on in-line revenue. Even more disconcerting was Amazon's cautious outlook for the seasonally strong fourth quarter.
The earnings strength and economic momentum will get discounted if the European leaders fail to come through with the promised plan. No one is expecting an overnight solution to Europe's problems, but the broad outlines of the under-discussion plan offers a good enough chance of tackling the issues on all fronts.
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