TrendTrader's Instablog

Toyota Ships Gas Pedal Fix (NYSE:TM)

Mon, 01 Feb 2010 13:44:59 -0500

02/01/2010-According to The Wall Street Journal, Toyota Motor Corp. (NYSE:TM) said Monday that it has begun shipping a part that will fix the gas pedal problem that caused the company to stop selling eight of its models in the U.S. and some other countries and forced a recall of millions of vehicles.

In addition, Toyota said in a statement that its dealers will stay open extended hours in order to repair customers' vehicles as quickly as possible.

Jim Lentz, president and COO of Toyota's U.S. sales arm, commented, "We deeply regret the concern that our recalls have caused for our customers and we are doing everything we can - as fast as we can - to make things right. Stopping production is never an easy decision, but we are 100% confident it was the right decision. We know what's causing the sticking accelerator pedals, and we know what we have to do to fix it. We also know it is most important to fix this problem in the cars on the road."

Check out our video news report: www.youtube.com/watch?v=9q6BCDZ2LAw

Disclosure: TM in a SmarTrend DOWNTREND as of 1/26/10

Humana Profit Rises and Boosts 2010 Guidance (NYSE:HUM)

Mon, 01 Feb 2010 13:17:54 -0500

2/1/2010-Humana (NYSE:HUM) reported Q4 EPS of $1.48, inline with consensus estimates.

Sales in the quarter rose to $7.37 billion, but came in short of consensus estimates of $7.78 billion.

The company boosted its fiscal 2010 outlook to a range of $5.15 to $5.35 (vs. consensus estimates of $5.40), up from previous guidance of $5.05 to $5.25 a share.

"Looking ahead, we see multiple revenue growth opportunities across our spectrum of products for 2010," said CEO Michael McCallister.

Click to view our video news report: www.youtube.com/watch?v=lfaxpqv0D4k

Disclosure: HUM in SmarTrend UPTREND as of 7/30/09

SmarTrend Morning Call Daily Podcast- 1/28/2010 8:44:37 AM

Thu, 28 Jan 2010 10:04:48 -0500

In a late day advance Wednesday after the Fed reported it would keep interest rates near zero and that the economy was gaining strength, stocks began to rally. The DJIA closed up 42 points at 10,236 for the day, having nosed up over 10,250 again intraday. Last night the President reset his agenda toward job creation, and that may be the second component of a trifecta catalyst needed for the multi-day rally to commence.

Tune in here for the full report: www.mysmartrend.com/podcast

Disclosure: No Positions

Procter & Gamble Sales Rise 6% and Profit Beats Street, Guidance Mixed (PG)

Thu, 28 Jan 2010 09:56:45 -0500

1/28/2010-Procter & Gamble (NYSE:PG) reported fiscal Q2 EPS of $1.49, topping consensus estimates of $1.43.

Sales in the quarter rose 6% year-over-year to $21.0 billion, and came in just short of consensus estimates of $21.07 billion.

For the January - March quarter, net sales are expected to increase seven to ten percent. PG said it expects EPS of $0.77 to $0.82 in the quarter (vs. consensus estimates of $0.85).

PG said net sales growth is estimated to be three to six percent for fiscal year 2010.

PG maintained its previously announced EPS guidance of $4.02 to $4.12 (vs. consensus estimates of $4.15).

Check out our video news report: www.youtube.com/watch?v=bhgaQT_VGFQ

Disclosure: PG in SmarTrend DOWNTREND as of 1/11/10

Motorola Swings to $142 Million Profit but Guidance Disappoints (MOT)

Thu, 28 Jan 2010 09:53:29 -0500

1/28/2010-Motorola (NYSE:MOT) reported Q4 EPS of $0.09, topping consensus estimates by a penny.

Sales in the quarter fell 19.8% year-over-year to $5.72 billion, and came in short of consensus estimates of $5.94 billion.

The company's wireless segment sales fell 22% to $1.8 billion, and its market share declined to 3.7% from 4.7% in the sequential quarter.

Motorola said it expects a Q1 loss of $0.01 to $0.03 per share (vs. consensus estimates of a profit of $0.03).

Check out our video news report: www.youtube.com/watch?v=6G6srZWMEtM

Disclosure: MOT in SmarTrend DOWNTREND as of 1/12/10

AT&T Reports Inline Results, Adds 2.7 Million Wireless Subscribers but Sales Slip 1% (T)

Thu, 28 Jan 2010 09:50:28 -0500

1/28/2010-AT&T (NYSE:T) reported Q4 EPS of $0.51, inline with consensus estimates.

Sales in the quarter slipped 0.7% year-over-year to $30.8 billion, inline with consensus estimates.

AT&T said it added 2.7 million net wireless subscribers in the quarter, the second highest quarterly net gain in the company's history.

Regarding full-year 2010, AT&T said it "expects to deliver stable consolidated revenues and stable-to-improved consolidated operating income margins, leading to stable-to-improved earnings per share."

Meanwhile, the company said total 2010 capital expenditures are expected to be in the $18 billion to $19 billion range.

"Our significant investments in IP infrastructure - both mobile and fixed - provide the next-generation growth platforms for us," said Randall Stephenson, AT&T chairman and chief executive officer. "Our leadership in mobile broadband will continue to set us apart as we roll out even faster 3G speeds this year and begin deploying 4G capabilities in 2011. Our IP-based U-verse service continues to scale nicely, improving our consumer revenue profile. And we continue to see solid growth from mobile broadband and IP data services in the business segment."

Check out our video news report: www.youtube.com/watch?v=AVW_b6I4Kvs

Disclosure: T in SmarTrend DOWNTREND as of 1/14/10