Wednesday’s Early Market Winners: Recognize These Companies?

AOL Inc.There has been a flurry of key earnings reports handed out over the last 12-15 hours – since Tuesday’s market close – and there is still a laundry list of reports still to come, but the early returns have definitely produces some mixed results, especially with many of the most recognizable companies. Let us first take a quick look at the winners so fa Wednesday – those who exceeded expectations.

AOL, Inc. (NYSE:AOL), also known as America Online, is one of the top winners of the day after announcing its quarterly earnings report and showing revenues had beaten estimates my nearly $12 million ($531 million). AOL, Inc., reported its revenue drop of 2 percent over the same quarter in 2011 was the smallest drop in seven years and showed signs of progress. As a result of the news, AOL stock was up 5.5 percent i the early moments Wednesday to $29 per share. This is good news for hedge funds like Jeffrey Smith’s Starboard Value LP, which was invested $93 million deep in AOL, Inc., stock at the end of March (tops among all hedge funds).

Delta Air Lines, Inc. (NYSE:DAL) also reported more favorable-than-expected earnings, with its revenue topping estimates by $50 million. Revenue ($9.73 billion) for Delta Air Lines, Inc., was 6.3 percent higher than in the same quarter of 2011 and the stock spiked 7 percent prior to the market opening, and was continuing to add to gains, up an additional 1 percent early Wednesday to jut under $9.50 a share. This is a win for top hedge-fund investor Ken Heebner and Capital Growth Management, which had a $197 million play in Delta Air Lines, Inc., stock at the end of March.

Related to aircraft, The Boeing Company (NYSE:BA) did well in making airplanes during its most recent quarter, according to its earnings report released Wednesday morning. The Boeing Company reported earnings-per-share beating estimates by 16 cents ($1.27) and revenue listed at $20 billion (21 percent higher than Q2 2011) topped estimates by $630 million. Net profit for Boeingrose nearly 3 percent, and the stock price jumped 4 percent before the market opened, and was adding about another 1.5 percent to the price during trading hours to just north of $73 per share. Ken Fisher’s Fisher Asset Management is likely the big winner here among hedge funds, having a $383 million play in The Boeing Company at the end of March.

Caterpillar, Inc. (NYSE:CAT), considered one of the benchmark companies in determining economic health, reported strong earnings in the last quarter, with EPS ($2.54) beating estimates by 24 cents and revenues ($17.4 billion) exceeding expectations by $290 million. Revenues were up 22 percent over Q2 of 2011 and net profits were up 67 percent. Caterpillar, Inc., stock spiked 5 percent pre-market and has been adding to gains Wednesday, up an additional 2 percent to north of $83 a share. One can bet that Ken Fisher’s Fisher Asset Management fund likes this news, like the Boeing news, as Fisher had $423 million invested in Caterpillar at the end of the first quarter of 2012.

Ford Motor Company (NYSE:F) was a winner in terms of exceeding expectations in its earnings, but the stock price doesn’t reflect the positive news. Ford Motor Company posted an EPS of 30 cents, which beat estimates by 1 cent, and revenues of $33.3 billion beat estimates by $1.13 billion. However, Ford Motor Company admitted possible losses of $1 billion in Europe this year and noted net income was down nearly 60 percent over Q2 of 2011. The stock was up, then down and continues down this morning, off almost 1 percent at just south of $9 per share. This does not bode well for Donald Chiboucis’ Columbus Circle Investors, which had $144 million invested in Ford stock at the end of March.

See Recent Articles: Is CSX a Good Stock to Buy?

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 44 percentage points in 21 months Learn how!

Lists

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

Top 9 Most Popular Free iPhone Apps

Top 10 Least Expensive Private Business Schools in the US

Top 15 Most Expensive Countries in the World – 2014

Top Businesses to Invest In

Top 5 Things You Might Be Doing Wrong With Your Business

Top 5 Strategic Technology Trends in 2014

Top Rags to Riches Stories

Parenting Behavior That Promotes Future Leaders

Top 5 Mistakes Made by Small Businesses

Top 5 Most Common and Potentially Devastating Financial Blunders

Top 5 Highest Paying Jobs for Web Designers

Top 6 Most Respected Professions that Also Pay Well

Top 5 Pitfalls Investors Should Avoid

Top 6 Lawyers and Policy Makers Under 30

Top 6 New Year’s Resolutions for Entrepreneurs

Top 7 Locations to Check in on Facebook

Top 5 Mistakes made by Rookie eBay Sellers

Top 7 eBook Publishers in 2013

Top 6 Health Industry Trends in 2014

5 Lessons for Entrepreneurs from Seth Godin

Top 5 Success Tips from Jordan Belfort – the Wolf of Wall Street

Best Master’s in Finance Degree Programs

Top 6 Earning Celebrities Over 50

The most expensive sports to play

Top 7 Earning Celebrities Under 25

Best 7 Online Courses to Take: Free Finance MOOCs

Top 6 Bad Habits that Promote Failure

20 Most Valuable Soccer Teams in the World in 2013

12 Most Expensive Countries for Foreign Students

Top 30 Most Influential Women in the World

Top 20 Most Expensive New Year Eve Shows

Top 5 Best Vocational Careers

Top 10 Jobs for 2014 by Salary Gain (Predictions)

Top 5 Digital Trends for 2014

Top 6 Things You Can Do To Increase Your Productivity

Top 9 Trending Smartphones in 2013

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!