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U.S. Morning Call: Ford, Pfizer beat earnings expectations

Tuesday, January 29, 2013 - 04:21

Jan 29 - Ford Motors posted higher-than-expected Q4 profit on the strength of its North American operations; Pfizer also beat the Street.

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Good morning conference Tuesday it's all about earnings Amazon Ford advisor among the companies reporting today. Starting with Amazon storm line predicts in 19% surprise to the upside. Keeping in perspective the world's largest online retailer had fallen short of analysts' estimates last quarter. Investors will be looking for strong sales growth from holiday season but the cash -- could be at three. It's been going quickly and provide a much needed boost in profit margins. Amazon also recently gate into sales tax pressure in several states analysts wonder now how that affects the bottom line vs each day. Also is -- Kindle fire still on fire the tablet with Amazon's bestselling product in the third quarter and the company's been ramping up competition with Netflix. Aggressively signing deals from -- contact. And -- shares up nearly 40% over the last twelve months the stock has jumped more than 20% since the last earnings report. Driving ahead to lower earnings released just minutes ago. The auto maker posting higher than expected profit on the strength on strong sales in North America. But in -- -- deepened its 2013 estimate lost to two billion dollars up from one point 75 billion last year. Shares trading up 3% in the premarket. And five -- near 27 bucks in the premarket. The drugmaker reported better than expected results helped rebalance sales in emerging markets. Sales of the cholesterol drug -- fell facing competition from generics. Now with some positive news but not worthy of an exclamation point the search engine reporting it like revenue boost in the last quarter to twelve. Led by double digit growth in paid clicks and search revenue despite adds however still lagging. But that was 2013 forecast that has investors excited CEO of mayors say her company could see up to 3% growth this year. Last week mayor -- -- who has agreed to partner with FaceBook on social networking activities. To Foster relationships with the likes of apple and Google. So far sixty analysts and their price target on the stock since yesterday's close with JPMorgan and two others taking a target to 22 box. Shares in the premarket on their way up over 3% -- 21 dollars. Turning to markets this morning Dow S&P and NASDAQ futures point to -- lower start. Yes he did the close on Monday ending its -- its winning streak in eighty years. On the -- we've got the S&P case Shiller home price index for November. That's expected to rise point 6%. Home prices have risen for the last nine months but the latest sales data on new and has fallen short of estimates. Also housing DR Horton reports results today. In stocks to watch this morning we've got State Street activist investor Nelson -- -- partially sold its stake in the bank the lost journal. This doesn't mistake not yet now in the history of fund management made up on the sale it owns about 2% of State Street stock. We're also keeping an eye on BP this morning a federal judge will hold a hearing on whether to accept guilty plea deal by BP. The judge of the deal BP will pay record of four billion in line sports world the 2010 oil spill. If it is rejected BP will be allowed to withdraw its guilty plea which would set the stage for separate trial on criminal charges. Wrapping up show a look at media stocks sources say US wan port authorities -- when questioned when the news agencies. Including Thomson Reuters. This hit insider trading by prematurely releasing market sensitive government data. The probe which also targeted Bloomberg and Dow Jones and without charges but investigators still have concerns about the handling of an economic data. That's your morning competition there on Twitter at -- insider can get more like videos at dot com slash. I was very hard this is.

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U.S. Morning Call: Ford, Pfizer beat earnings expectations

Tuesday, January 29, 2013 - 04:21

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