U.S. Morning Call: Alcoa kicks off U.S. earnings season
Monday, July 08, 2013 - 03:04
July 8 - Analysts from Thomson Reuters StarMine predict Alcoa will miss earnings forecasts by 4 percent for the second quarter.
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Here's your morning call for Monday earning season kicks off today with Alcoa the first to report. Our experts -- star minor predicting Alcoa will miss forecasts by 4% for the second quarter. For you investors have viewed Alcoa as a Bellwether for earnings and the economy. But a Wall Street Journal report says that's not true anymore. For starters the erratic moves a little -- prices no longer make it good measure for the industrial sector. Also Alcoa stock has lagged behind the broader market by nearly 25%. This year putting New York a four year hello. Big banks like JPMorgan and Wells Fargo also report by the end of the week. This corner is important as it will signal the strength of US companies and whether the Fed can justify scaling back bond buying program us in September. The stock to watch this morning and apparently for the next two years is UnitedHealth. Barron's calling for the insurer stocks to rise 40%. By 2015. It says united -- we'll have a leg up on competitors like Aetna and Cigna. Because of increasing cash flow and more effective health plans like its optimum line. UnitedHealth stock is up 22%. So far this year last week shares hit 52 week high just about 66 dollars. Also keep -- shares of priceline.com. Today Morgan Stanley raising its rating on the stock to overweight. Pre market shares are up 2% to 872. Dollars. And watch shares of Intel there's little in the premarket after evercore cut its rating to underweight and its price target to twenty dollars from 22. If you're medium all the sun valley conference is where to be this week. The guest list includes movers and shakers such as Barry -- Tim Cook and pop Geithner. But this year the spotlight could be stolen by liberty media's John Malone notorious for being in the -- -- Analysts believe Time Warner Cable is the prize on Allen's line this year. Sources say he has already made an offer for the company was rejected by shareholders. Time Warner cable's stock is up about 17%. In the last three months. Charter Communications stock is up 29%. Since -- took a stake in March. Sun Valley has a history of launching a landmark media deals such as Comcast acquisitions and BC universal in 2000. And now for a quick look at markets Dow S&P and NASDAQ futures point to a higher start today. Yields on the ten year note falling to two point 69 after soaring to two point seven for me on Friday following a strong jobs report. That's -- -- Monday morning call remembered follow us on Twitter at Reuters Insider and it worked great videos at Reuters dot com slash. I mean it's very hard.
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