Tag Archives: PMI

Stock Futures Point Higher Ahead of Numerous Earnings Reports

By IBTimes

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Richard Drew/AP

By Sreeja VN

U.S. stock futures point to a higher open Wednesday, ahead of the publication of new home sales data and quarterly earnings statements from major American companies, including Facebook, Ford, PepsiCo, Qualcomm, Visa and Boeing.

Futures on the Dow Jones industrial average (^DJI) were up 0.2 percent, while futures on the Standard & Poor’s 500 index (^GSPC) were up 0.3 percent and those on the Nasdaq 100 Index were up 0.9 percent.

Investors are expected to focus on new home sales data for June, to be released by the Commerce Department, at 10 a.m. Eastern time. Analysts expect new home sales — the annualized number of new single-family homes that were sold during the previous month — may probably increase to 485,000 in June from 476,000 in the previous month.

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New home sales had recorded a better-than-expected gain in May, helped by a pick-up in demand, while existing home sales data for June, which was released Monday, showed a decline. Analysts attributed the fall to a recent hike in mortgage interest rates and believe new home sales could still increase in June.

“With the NAHB current sales index still rising strongly, we have penciled in an increase in new sales from 476,000 in May to 485,000,” Paul Diggle, an economist with Capital Economics, wrote in a research note.

On the earnings front, a number of major companies, including Caterpillar (CAT), Eli Lilly & Co. (LLY), EMC Corp. (EMC), US Airways Group, (LCC), Ford (F), PepsiCo (PEP) and Boeing (BA), will announce quarterly earnings before market hours. Visa (V), Western Digital (WDC), Qualcomm (QCOM) and Facebook (FB) are to announce their earnings after markets close Wednesday.

Markit Economics’ flash Purchasing Managers’ Index, or PMI, for the manufacturing sector in the month of July, is scheduled to be released at 9 a.m. Eastern time. The index, which measures the activity level of purchasing managers in the manufacturing sector, is expected to show a reading of 52.5 in July, up from the 51.9 recorded in June. A reading below 50 indicates contraction.

European markets were trading higher Wednesday, as investor sentiments were buoyed after flash PMIs for the euro zone’s manufacturing and services sectors beat expectations. The 17-nation eurozone’s manufacturing PMI for July came in at 50.1 compared to 48.8 in the previous month. The services PMI registered a reading of 49.6 compared to 48.3 in June.

Germany’s manufacturing PMI came in at 50.3 in July, up from 48.6 in June while the nation’s services PMI was at 52.5 in July, up from 50.4 in June. Meanwhile, in neighboring France, while the …read more

Source: FULL ARTICLE at DailyFinance

Philip Morris International Inc. (PMI) Reports 2013 First-Quarter Results; Revises 2013 Full-Year Re

By Business Wirevia The Motley Fool

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Philip Morris International Inc. (PMI) Reports 2013 First-Quarter Results;

Revises 2013 Full-Year Reported Diluted EPS Forecast for Currency Only;
Underlying Business Outlook Unchanged

NEW YORK–(BUSINESS WIRE)– Regulatory News:

  • Reported diluted earnings per share of $1.28, up by $0.03 or 2.4% versus $1.25 in 2012
    • Excluding unfavorable currency of $0.07, reported diluted earnings per share up by 8.0% versus $1.25 in 2012 as detailed in the attached Schedule 9
  • Adjusted diluted earnings per share of $1.29, up by $0.04 or 3.2% versus $1.25 in 2012
    • Excluding unfavorable currency of $0.07, adjusted diluted earnings per share up by 8.8% as detailed in the attached Schedule 8
  • Cigarette shipment volume decline of 6.5%
    • Cigarette shipment volume decline of 2.1%, excluding the Philippines
  • Reported net revenues, excluding excise taxes, up by 1.8% to $7.6 billion
    • Excluding currency, reported net revenues, excluding excise taxes, up by 3.2%
  • Reported operating companies income down by 0.4% to $3.5 billion
    • Excluding currency, reported operating companies income up by 3.1%
  • Adjusted operating companies income, reflecting the items detailed in the attached Schedule 7, down by 0.6% to $3.5 billion
    • Excluding currency, adjusted operating companies income up by 2.9%
  • Reported operating income down by 0.5% to $3.4 billion
  • Repurchased 16.7 million shares of its common stock for $1.5 billion
  • PMI revises, for prevailing exchange rates only, its 2013 full-year reported diluted earnings per share forecast to be in a range of $5.55 to $5.65, versus $5.17 in 2012
    • Excluding an unfavorable currency impact, at prevailing exchange rates, of approximately $0.19 for the full-year 2013, reported diluted earnings per share are projected to increase by approximately 10-12% versus adjusted diluted earnings per share of $5.22 in 2012, as detailed in the attached Schedule 12.

Philip Morris International Inc. (NYSE / Euronext Paris: PM) today announced its 2013 first-quarter results.

“Our first quarter was relatively difficult, with our headline results marred by a number of known factors, including inventory movements, the

From: http://www.dailyfinance.com/2013/04/18/philip-morris-international-inc-pmi-reports-2013-f/

Philip Morris International Inc. to Host Webcast of 2013 First-Quarter Results

By Business Wirevia The Motley Fool

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Philip Morris International Inc. to Host Webcast of 2013 First-Quarter Results

NEW YORK–(BUSINESS WIRE)– Regulatory News:

Philip Morris International Inc. (NYSE/Euronext Paris:PM) will host a live audio webcast at www.pmi.com/webcasts on Thursday, April 18, 2013 at 9:00 a.m. ET to discuss 2013 first-quarter results, which will be issued at approximately 7:00 a.m. ET the same day.

During the webcast, Jacek Olczak, Chief Financial Officer, will discuss the company’s 2013 first-quarter results and answer questions from the investment community and news media. The webcast will be in a listen-only mode.

An archived copy of the webcast will be available until 5:00 p.m. ET on Friday, May 17, 2013 at www.pmi.com/webcasts.

Slides and script will also be available at www.pmi.com/earnings.


Philip Morris International Inc
.

Philip Morris International Inc. (PMI) is the leading international tobacco company, with seven of the world’s top 15 international brands, including Marlboro, the number one cigarette brand worldwide. PMI‘s products are sold in more than 180 markets. In 2012, the company held an estimated 16.3% share of the total international cigarette market outside of the U.S., or 28.8% excluding the People’s Republic of China and the U.S. For more information, see www.pmi.com.

Investor Relations:
New York: +1-917-663-2233
Lausanne: +41 (0)58 242 4666
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Lausanne: +41 (0)58 242 4500

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From: http://www.dailyfinance.com/2013/04/11/philip-morris-international-inc-to-host-webcast-of/

The Best Dow Stock Everyone's Selling

By Dan Carroll, The Motley Fool

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It’s hard to imagine that any stock on the Dow Jones Industrial Average has struggled this year. After all, the index has gained nearly 9% and has hit record highs day after day. What could be better for blue-chip investors?

Even with all the optimism surrounding the markets, one of the Dow’s biggest names has suffered through a tough year. Caterpillar hasn’t been able to take advantage of 2013’s market surge; instead it has fallen 8% year to date as economies worldwide have slumped and the industrials sector has slowed. Caterpillar remains on top of its sector, however, and with one of the cheapest valuations in the Dow, is this a can’t-miss opportunity to pick up a household name on the cheap? Or is this Dow stock a trap?

Struggling with sales
No doubt Caterpillar’s had a tough time lately. Sales growth slipped hard last year, falling to a year-over-year increase of just 9.5% in 2012 after growing at a far faster clip the year before. The company’s revenue projections of between $60 billion and $68 billion leave even less room for growth in 2013 – and Caterpillar could potentially be looking at slipping sales for the full year.

The worldwide economy has slowed, but Europe in particular has taken down the entire industrials sector. Manufacturing output in the eurozone continues to contract as the region’s PMI fell to blow 47 last month; even vaunted Germany, long the industrial nexus of the continent, has seen manufacturing slip into contraction territory. Caterpillar and the rest of its sector won’t find any relief across the Atlantic any time soon.

The stock‘s fallen more than any other name on the Dow this year, even more than fellow Dow laggard Alcoa , which has also suffered from the industrials downturn and slowing commodity prices. Outside of Europe‘s problems and the sector’s immediate woes, however, hope remains for Caterpillar – and the future could see this downbeat Dow stock rebound in a big way.

Signs of long-term hope
Sales are still slowing
in North America and Asia, two regions critical to Caterpillar’s future. However, the housing market‘s rise in the United States bodes well for this company’s future. With the entire industrials sector down, Caterpillar hasn’t ceded its spot atop the industry to rivals; as the market picks up, this company will be poised to use its size (in an industry where size matters) to capitalize here at home.

Asia offers hope as well. Although the mining industry’s decline in australia and Asia and China‘s slowdown have taken the shine off of Caterpillar’s Pacific luster, the region’s far from stagnant. China‘s still growing at a quick clip, even if growth in the world’s second-largest economy has fallen from previous highs. Chinese manufacturing picked up swiftly in March, with the nation’s PMI hitting an 11-month high. The country’s still facing ongoing urbanization, and Caterpillar has taken advantage by expanding facilities and production capability in China.

Although the Chinese government is looking to

Source: FULL ARTICLE at DailyFinance

Dow May Gain After Japanese Central Bank Doubles QE

By Roland Head, The Motley Fool

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LONDON — Stock index futures at 7 a.m. EDT indicate that the Dow Jones Industrial Average may open 0.36% higher this morning, while the S&P 500 may open up by 0.4%. Both indexes closed sharply lower yesterday after weaker-than-expected economic data dented investor sentiment and led to a big drop for the CNN Fear & Greed Index, which closed down 13 points at 58.

This morning’s trading is likely to be influenced by the Japanese central bank’s surprise decision to accelerate its bond-buying program and double its monetary base in the next two years. The Bank of Japan said it would expand its balance sheet from $1.43 trillion to $2.86 trillion by March 2015 by doubling its asset purchases, the majority of which will be long-term government bonds. The bank is targeting inflation of 2% to kick-start growth after years of deflation.

In Europe, markets rose ahead of the European Central Bank announcement due later today, although the ECB is expected to leave interest rates unchanged. The eurozone service sector continued to contract in March, according to the Markit eurozone services PMI, which fell to 46.4 in March from 47.9 in February, indicating that the rate of contraction is increasing. In London, the FTSE 100 was 0.17% lower at the time of writing following the Bank of England‘s announcement that it would leave both interest rates and its asset purchase program unchanged this month.

In the U.S., today’s initial jobless claims report at 8:30 a.m. EDT is likely to be closely watched after yesterday’s ADP employment figures came in below expectations. A Reuters survey suggests that 350,000 new jobless claims were made last week, down slightly from 357,000 the previous week. Today’s figures are likely to be seen as a leading indicator ahead of tomorrow’s nonfarm payrolls and unemployment reports. Meanwhile, this morning’s Challenger job-cut report said that layoffs planned by U.S. companies spiked 37% from January to February. However, the cuts were more than offset by planned hiring.

Other economic data due today includes the EIA weekly natural-gas storage report at 10:30 a.m. EDT and the global services PMI at 11 a.m. EDT.

Companies expected to report quarterly earnings before markets open include International Speedway, Jos. A Bank Clothiers, and RPM International. Facebook stock could also be actively traded ahead of today’s much-hyped media launch of a new Android-related product — widely expected to be a Facebook phone. Facebook stock climbed 3.3% yesterday and was 1.2% higher in premarket trading this morning.

Finally, let’s not forget that the Dow’s daily movements can add up to serious long-term gains. Indeed, Warren Buffett recently wrote, “The Dow advanced from 66 to 11,497 in the 20th Century, a staggering 17,320% increase that materialized despite four costly wars, a Great Depression and many recessions.” If you, like Buffett, are convinced of the long-term power of the Dow, you should read “5 Stocks To Retire On.” Your long-term wealth could be transformed, even in this uncertain …read more

Source: FULL ARTICLE at DailyFinance

China's Mixed Message for Gold

By Doug Ehrman, The Motley Fool

2012 Chrysler 300 S

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China‘s Purchasing Managers Index rose last month, with a March reading of 55.6 relative to the February reading of 54.5; remember, a reading above 50 indicates expansion and is usually deemed positive for the economy. The rise was led by a 4.5 point increase in the construction sub-index to achieve a March level of 62.5. While the increase is a positive indicator for the Chinese economy, the level rising less than expected mirrored both U.S. and eurozone reports.

While the expansion indicates a move toward increasing stability for the Chinese economy, and thus the global economy – a bearish factor for gold – the fact that the reading came in below expectations provides some support for the commodity. Perhaps tipping the scale is the fact that weaker than expected growth in China is bullish for the U.S. dollar. On a short-term basis, positives for the dollar tend to have an immediately negative impact on gold. Gold, as represented by the SPDR Gold Trust , suffered its worst loss in several weeks during Tuesday’s session.

Mixed signals
With industrial production numbers coming in weaker than expected across the globe, you might think that this sign of weakness for the global economy would be seen as positive for precious metals. The market has interpreted softening PMI numbers, however, as a sign that industrial demand for the metal may contract. This element of demand has played a critical role in supporting precious metals prices over the past several weeks.

Behind the expansion in the Chinese construction numbers is the $150 billion in approved infrastructure projects that the government is using to combat slowing growth. While still booming by most Western standards, China‘s GDP growth fell to 7.8% for 2012 – this represents its lowest level in 13 years. Again, while slowing global GDP growth is typically listed as a bullish sign for precious metals, the bearish factors are winning the day of late.

Chinese weakness and muted inflation concerns have been positive for the dollar and negative for gold. In a recent research note, Michael Haigh and Patrick Legland of Societe Generale noted: “inflation has so far stayed low (U.S. inflation has been trending lower since late 2011) and now we are beginning to see: 1) the economic conditions that would justify an end to the Fed’s QE; 2) fiscal stabilization that has passed its inflection point; and 3) a US dollar that has begun trending higher.” The pair shares one of the most bearish views of gold on the street.

Looking ahead
Where the GLD has been weak, gold miners like Goldcorp and Barrick Gold have been even weaker. Year to date, the ETF is down roughly 6.5% and both miners have fallen double digits. Goldcorp, which recently announced the closing of a $1.5 billion note offering to help fund its ballooning operating costs, will release first-quarter earnings on May 2. Barrick, recently announced negative operating results for the entirety of 2012, again on rising …read more
Source: FULL ARTICLE at DailyFinance

3 Dow Stocks Winning Today

By Dan Dzombak, The Motley Fool

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The Dow Jones Industrial Average is down following a troubling private sector jobs report, having lost 67 points, or 0.46%, as of 1:15 p.m. EDT. Meanwhile, the S&P 500 is down 0.77% to 1,558 points.

There were two U.S. economic releases today.

Report

Period

Result

Previous

ADP private-sector jobs

March

158,000

237,000

ISM nonmanufacturing PMI

March

54.4

56

Source: MarketWatch U.S. Economic Calendar.

The one to pay attention is the ADP private-sector jobs report, as a weak Institute for Supply Management nonmanufacturing PMI had been expected.

Analysts had expected jobs growth of 215,000 in March, up slightly from February’s previously reported 198,000. In today’s report, however, February’s total was updated to 237,000 additional jobs. So when March’s jobs growth came in dramatically lower than that, the markets dropped.

ADP Change in Nonfarm Payrolls data by YCharts.

Small businesses added 74,000 jobs, while large businesses added just 47,000. Employment has been a positive so far this year, as both unemployment claims and jobs growth have been trending above last year’s levels. However, last week’s worse-than-expected unemployment report and today’s private-sector jobs report are worrisome. The government reports its jobs numbers later this week, which will include both public and private-sector jobs. We’ll have to wait and see what happens.

Today’s Dow leaders
Today’s Dow leader is Merck , up 2.4%. Merck was a top Dow stock yesterday after the government surprised investors by announcing that Medicare Advantage reimbursements will rise. While they don’t benefit Merck directly as they would health care plan providers, higher reimbursements should mean that drug revenue will not fall as previously expected.

This titan of the pharmaceutical industry stumbled into 2013 and continues to battle patent expirations and pipeline problems. Is Merck still a solid dividend play, or should investors be looking elsewhere? In a new premium research report on Merck, the Fool tackles all of the company’s moving parts, its major market opportunities, and reasons both to buy and to sell. To find out more, click here to claim your copy today.

var FoolAnalyticsData = FoolAnalyticsData || []; FoolAnalyticsData.push({ eventType: “TickerReportPitch”, contentByline: “Dan Dzombak”, …read more
Source: FULL ARTICLE at DailyFinance

Is the Manufacturing Sector Ready to Collapse?

By Rich Duprey, The Motley Fool

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The economy is still expanding, according to the Institute for Supply Management’s manufacturing index, which came in at 51.3 for March, the fourth consecutive month of growth it’s recorded. But it was well below expectations of 54.0, and with new orders tumbling to just 51.4 from 57.8 — a better than 6% decline — it’s suggestive of a U.S. ready to slip back into recession.

An index above 50 is considered an expanding manufacturing economy, and, naturally, below that level is contraction. The index was driven higher last month based on the strength of the auto and housing industries, aligning with what’s been seen in those markets. General Motors , for example, recorded a better than 6% jump in new-vehicle sales in March, while Ford was up just less than 6%. Chrysler came in third at 5%.

Not just muscle cars
Their sales of full-size pickup trucks were also robust, and analysts said that would coincide with the strength of the housing markets in recent periods. According to just-released Commerce Department data, private residential construction climbed 2.2% to $303.4 billion, its highest level in more than four years.

When Hovnanian Enterprises reported its quarterly results last month, the homebuilder showed a narrower loss than the year-ago figure based on higher sales and new orders. With analysts at Morgan Stanley forecasting pricing strength in the market this year — anywhere from 2% to 10% growth is seen in 2013 — the sector could be a bright spot, and builders could be ones to watch.

Rise of the machines?
What investors really need to keep an eye on is that falloff in new orders, as machinery was one of just three sectors seeing contraction (petroleum and coal and chemical products were the other two). We did see the global PMI just come out a bit stronger than February, and that was helped along by China, which was stronger than anticipated.  

The warning shot again, however, is Europe, where output declined and unemployment of 12% across the eurozone is at record high levels. The dire financial situation unfolding in Cyrpus is waiting for a match to ignite it across the continent.

Offsetting some of that negativity is the rise of manufacturing jobs here at home, which grew 1.6% in March, but with industrial suppliers MSC Industrial Direct and Fastenal having previously warned of industry weakness, and with both due to report earnings next week, we’ll know whether the softness they experienced last quarter plays out. These companies rise and fall with the PMI indexes, domestic and global, and the mixed signals we’ve gotten suggests that their earnings won’t provide much clarity.

If the eurozone financial contagion spreads, it’s an all-bets-are-off scenario, but I’m already pessimistic we’ll be soon heading back down the rabbit hole.

A long, strange trip
If you’re concerned that Ford’s turnaround has run its course, relax — there’s good reason to think that the Blue Oval still has big …read more
Source: FULL ARTICLE at DailyFinance

Dow to Rise as BGC Partners Soars on Nasdaq OMX Deal

By Roland Head, The Motley Fool

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LONDON — Stock index futures at 7 a.m. EDT indicate that the Dow Jones Industrial Average may open 0.39% higher this morning, while the S&P 500 may open up by 0.42%.

European stock markets rose strongly this morning when they reopened after a four-day holiday weekend. The FTSE 100 was one of the biggest risers, up 1.1% at 7:25 a.m. EDT, with telecom firm Vodafone topping the leaderboard with a 5.1% gain. Vodafone has been the subject of a number of recent rumors relating to the sale of its 45% stake in Verizon Wireless, but today’s gains were prompted by a more detailed report in the Financial Times suggesting that Verizon and AT&T could be preparing a 260 pence per-share breakup bid for the firm.

This morning’s European gains were achieved despite disappointing data showing that manufacturing contracted in all major EU economies in March, including Germany, where the Markit manufacturing PMI dropped from 50.3 to 49 last month. Eurozone unemployment hit a new record of 12% in March, leaving it 1.1% higher than one year ago. Spain admitted that it would need more time to hit its budget deficit reduction target, while in Cyprus, the country’s stock exchange reopened after a two-week closure, and the government said it would relax the capital controls that were put in place last week, allowing larger transfers of money to foreign accounts.

In the U.S., today’s economic reports include February’s factory orders, due at 10 a.m. EDT. Consensus forecasts suggest that factory orders rose by 3% in February after falling by 2% in January. The latest motor-vehicle sales figures are also expected through the day, and analysts are forecasting a decline in total sales from 15.4 million to 15.3 million.

It’s a quiet day for corporate earnings, but earlier this morning spice maker McCormick reported earnings per share of $0.57 on net sales of $934 million for the first quarter of its 2013 fiscal year. The firm also confirmed its 2013 outlook for 3% to 5% sales growth and full-year EPS of between $3.15 and $3.23. BGC Partners could be the day’s biggest mover — the company’s stock gained 40% in premarket trading after Nasdaq OMX agreed to buy BGC‘s bond-trading platform for $750 million in cash. Dow constituent Hewlett-Packard fell 3.4% in premarket trading after Goldman Sachs downgraded the company’s shares to “sell.”

Finally, let’s not forget that the Dow’s daily movements can add up to serious long-term gains. Indeed, Warren Buffett recently wrote, “The Dow advanced from 66 to 11,497 in the 20th Century, a staggering 17,320% increase that materialized despite four costly wars, a Great Depression and many recessions.” If you, like Buffett, are convinced of the long-term power of the Dow, you should read “5 Stocks to Retire On.” Your long-term wealth could be transformed, even in this uncertain economy. Simply click here now to download this free, no-obligation report.

The article Dow to Rise as BGC Partners Soars …read more
Source: FULL ARTICLE at DailyFinance

Eurozone Joblessness Rises to a Record 12%

By The Associated Press

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Paul White/AP Two men on a street in Madrid rummage through old clothes mixed with garbage on Wednesday. Figures released Tuesday showed unemployment across the 17 eurozone countries, including Spain, rose to 12 percent during the first two months of the year.

By PAN PYLAS

LONDON — Unemployment across the 17 European Union countries that use the euro has struck 12 percent for the first time since the currency was launched in 1999, official figures showed Tuesday.

Eurostat, the EU‘s statistics office, said the rate in February was unchanged at the record high after January’s figure was revised up to 12 percent from 11.9 percent.

During the month, a net 33,000 people in the eurozone joined the ranks of the unemployed. Spain and Greece continued to suffer from unemployment rates above 26 percent, and many other countries were seeing their numbers swell to uncomfortable levels.

It’s not all doom and gloom. Germany, Europe‘s biggest economy, has an unemployment rate of only 5.4 percent. That’s even better than the U.S. rate of 7.7 percent.

The February figures came before the recent Cyprus crisis, which has reignited concerns over the future of the euro. Under the terms of its bailout, big depositors in the country’s two top banks are facing hefty losses.

Following Cyprus‘ protracted and chaotic bailout discussions, which saw the country’s banks close for the best part of two week, unemployment on the east Mediterranean island nation is expected to ratchet higher over the months ahead as the economy contracts sharply.

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Many economists are forecasting that the Cypriot economy will shrink by 10 percent this year alone and see unemployment rise up to Greek and Spanish levels. In February, Cyprus‘ unemployment stood at 14 percent.

Prior to the Cypriot crisis, there were signs that Europe‘s debt crisis had calmed. Stock and bond markets had risen for nearly months, boosting confidence in countries’ ability to finance themselves.

But while markets have improved, the eurozone economy has sunk back into recession.

A closely-watched survey released Tuesday indicated that the recession likely continued in the first quarter. The monthly purchasing managers’ index for the manufacturing sector — a gauge of business activity published by financial information company Markit — fell to a 3-month low.

Though the PMI wasn’t as bad as first estimated a couple of weeks back, it fell to 46.8 points in March. Anything below 50 indicates an economic contraction.

The worry in the PMI survey was that manufacturing activity weakened across the eurozone, including Germany, Europe‘s export powerhouse.

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Source: FULL ARTICLE at DailyFinance

Dow May Open Flat After Holiday Weekend

By Roland Head, The Motley Fool

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LONDON — Stock index futures at 7 a.m. EDT indicate that the Dow Jones Industrial Average may open up by a nominal eight points this morning, while the S&P 500 is expected to open flat after closing at a new record high of 1,569 points on Thursday for the first time since October 2007.

According to Bloomberg, recent gains in the S&P 500 mean that companies’ share prices are now just 5% below analysts’ average price estimates. That’s closer than they have been for the last seven years and substantially below the historic average of 14%. At the same time, data published by BEA/Haver Analytics shows that corporate profits have reached their highest levels relative to GDP since 1943, prompting some analysts to suggest that the current stock market bull run has some distance to go.

However, trading may be light today, as most European markets, including the FTSE 100, remain closed for a public holiday today. In Asia, Japan’s Nikkei index fell 2.1% to hit a three-week low in Monday trading after investors took profits following recent gains. The Nikkei is now 4.1% below its March 21 high of 12,650, which marked a 4.5-year peak for the index. In China, the HSBC manufacturing index rose to 51.6 in February, up from 50.4 in January. Although this is slightly below the preliminary “flash” reading of 51.7, it suggests that China‘s manufacturing sector is continuing to recover, a conclusion supported by China‘s official PMI, which rose from 50.1 to 50.9 in February.

U.S. economic reports due today include the Markit Purchasing Managers’ Index for March at 9 a.m. EDT, followed at 10 a.m. EDT by the ISM manufacturing index for March, which is expected to remain unchanged from February at 54.2%. Also due at 10 a.m. EDT, construction-spending figures for February are expected to show that spending rose by 1% in February after falling 2.1% in January.

Stocks that may attract investors’ attention today include Cal-Maine Foods, which reported third-quarter earnings of $1.27 per share on revenue of $360.4 million before the bell this morning, beating consensus forecasts for earnings of $1.26 per share on revenue of $356.94 million. Other companies due to report before the opening bell include MFC Industrial. Facebook stock may be actively traded this week ahead of a major announcement by the company on April 4, which is rumored to be a Facebook phone that will use a customised version of the Google Android operating system.

Let’s not forget that the Dow’s daily movements can add up to some serious long-term gains. Indeed, Warren Buffett recently wrote, “The Dow advanced from 66 to 11,497 in the 20th Century, a staggering 17,320% increase that materialized despite four costly wars, a Great Depression and many recessions.” If you, like Buffett, are convinced of the long-term power of the Dow, you should read “5 Stocks To Retire On.” Your long-term wealth could be transformed, even in this uncertain economy. Simply click …read more
Source: FULL ARTICLE at DailyFinance

Jobless Claims Fall; so Did the Markets

By Matt Thalman, The Motley Fool

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As investors focus more of their attention on the issues in Europe, the markets slid lower, even on the heels of positive U.S. economic data. Lower-than-expected jobless claims, strong PMI numbers, and home prices and sales increasing, weren’t enough to keep the markets in the green. For more information on each indicator, check out my Fool colleague Dan Dzombak’s article, where he goes into each indicator with further detail.

The Dow Jones Industrial Average closed down 90 points, or 0.62%, while the S&P 500 dropped 0.83%, and the NASDAQ fell 0.97%. And only five of the Dow’s 30 components managed to close the day in the green.

A few Dow winners
Shares of Coca-Cola rose by 0.5% today, as the markets moved lower. On Tuesday, I noted that Coke was a classic defensive stock and, as investors become more concerned with the market‘s direction, they will start to shift into the soda king. While I believe that was part of the rise today, the other part is likely due to the announcement that Coke will be cutting its work U.S. workforce by 750 employees. The move comes after Coke decided to change the number of distribution regions from seven to three. This move should allow the company to lower costs and become even more efficient.

More positive economic data on the housing market, which was released this morning, likely caused shares of Home Depot to rise 0.1% today. First, the FHFA home price index showed that, on a seasonally adjusted basis, home prices rose by 0.6% in January, while the previous reading was an increase of 0.5%.

The other data point came from the National Association of Realtors, which reported homes sales in February rose to a seasonally adjusted annual rate of 4.98 million, up from 4.94 million in January.  

The other three Dow winners of the day where Wal-Mart , which saw shares rise by 0.19% and UnitedHealth, which gained 0.33%. Investors also added 0.41% to Verizon’s stock price. All three companies will benefit from a stronger housing market and a lower unemployment rate. But of the three, Wal-Mart is likely the best positioned to benefit from a recovering jobs market.

More foolish insight

Coca-Cola’s wide moat has helped provide its shareholders with superior gains in the past, but the company faces some new threats to its continued market dominance. The Motley Fool recently compiled a premium research report containing everything you need to know about Coca-Cola. If you own or are considering owning shares in the company, you’ll want to click here now and get started!

var FoolAnalyticsData = FoolAnalyticsData || []; …read more
Source: FULL ARTICLE at DailyFinance

Manufacturing Purchasing Managers Index up 1.1% for March

By Justin Loiseau, The Motley Fool

Filed under:

The Markit Flash U.S. Manufacturing Purchasing Managers’ Index bumped up 1.1% to 54.9 for March, according to a Markit report [link opens a PDF] released today.

An above-50 reading denotes positive change from the previous month, and the most recent reading is “consistent with a solid rate of growth,” according to the report. The “flash” estimate is typically based on approximately 85% to 90% of total PMI survey responses each month and is designed to provide an accurate advance indication of the final PMI data.

These newest numbers fell just below market expectations of a 55.0 reading. According to Markit, this month’s results put manufacturing growth at the second-fastest pace in almost a year. Chief Economist Chris Williamson was quoted as saying:

Manufacturers reported a reassuringly strong upturn in business conditions in March, adding to evidence that the U.S. has enjoyed a solid upturn in economic growth so far this year. With manufacturing a reliable bellwether of the rest of the economy, gross domestic product will have risen at a much improved rate compared with the moribund 0.1% annualized pace of expansion seen in the final quarter of last year.

The index is made up of 11 different components, nine of which improved over February’s readings. Output clocked in at 56.8, with new orders’ 55.9 and input prices’ 55.2 close behind. Backlogs of work, new export orders, and stocks of purchases all expanded in March after contracting in February.

While this seemingly signifies high demand, suppliers remain skeptical. Stocks of finished goods fell to 49.4 after improving in February, while suppliers’ delivery times continue to bring up the rear at 46.6.

link

The article Manufacturing Purchasing Managers Index up 1.1% for March originally appeared on Fool.com.

Y
ou can follow Justin Loiseau on Twitter, @TMFJLo, and on Motley Fool CAPS, @TMFJLo.
Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

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Dow May Rise on U.S. Data Despite Euro Slowdown

By Roland Head, The Motley Fool

Filed under:

LONDON — Stock index futures at 7 a.m. EDT indicate that the Dow Jones Industrial Average may open 0.07% higher this morning, while the S&P 500 may open 0.03% lower.

While the Cyprus bailout crisis continues to rumble on without a solution — the country’s banks will now be closed until Tuesday — the latest eurozone purchasing managers’ index data has overshadowed Cyprus this morning. The Markit eurozone composite flash PMI fell to 46.5 in March from 47.9 in February, suggesting that the eurozone recession is continuing to worsen. France is becoming a particular worry: Its service-sector PMI fell to 41.9, the lowest level since February 2009. Even Germany’s economy is struggling to stay positive: The German composite PMI, which includes manufacturing and services, fell to 51 from 53.3 in March.

European markets saw a broad sell-off this morning, with the FTSE 100 down by 0.8% as of 7:20 a.m. EDT. However, weak data from the eurozone was tempered by better news from China, where the HSBC China Manufacturing PMI rose to 51.7 in March, up from 50.4 the previous month.

In the U.S., the first major macro data will be the latest weekly jobless claims, due at 8:30 a.m. EDT. Initial jobless claims are expected to have risen to 340,000 last week, up slightly from the previous week’s surprise low of 332,000. Other data due today includes the Markit flash PMI for March at 9 a.m. EDT and a raft of housing-market data, including the FHFA home price index for January and February’s existing-home sales data, which are expected to show that sales of existing homes rose to 5.02 million in February, up from 4.92 million in January.

In company news, Lululemon Athletica, Ross Stores, and homebuilder KB Home are due to report quarterly earnings before the opening bell, while Nike is due to report its third-quarter earnings after markets close today. Meanwhile, Oracle shares are likely to be actively traded this morning after they plunged 7.7% in premarket trading. The company’s third-quarter earnings disappointed markets: Oracle’s sales fell from $9.1 billion in the second quarter to $9 billion in the third quarter, while adjusted earnings came in at $0.65 per share, missing analysts’ forecasts for $0.66 per share on sales of $9.37 billion.

Finally, let’s not forget that the Dow’s daily movements can add up to some serious long-term gains. Indeed, Warren Buffett recently wrote, “The Dow advanced from 66 to 11,497 in the 20th Century, a staggering 17,320% increase that materialized despite four costly wars, a Great Depression and many recessions.” If you, like Buffett, are convinced about the long-term power of the Dow, you should read “5 Stocks To Retire On.” Your long-term wealth could be transformed, even in this uncertain economy. Simply click here now to download this free, no-obligation report.

The article Dow May Rise on U.S. Data Despite Euro Slowdown originally appeared on Fool.com.


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Source: FULL ARTICLE at DailyFinance

Philip Morris International Inc. (PMI) Presents at Consumer Analyst Group of Europe (CAGE) Conferenc

By Business Wirevia The Motley Fool

Filed under:


Philip Morris International Inc. (PMI) Presents at Consumer Analyst Group of Europe (CAGE) Conference

NEW YORK–(BUSINESS WIRE)– Regulatory News:

Philip Morris International Inc.’s (NYSE / Paris Euronext: PM) Chief Financial Officer, Jacek Olczak, addresses investors today at the CAGE Conference in London, U.K.

The presentation and Q&A session are being webcast live, in a listen-only mode, beginning at approximately 10:15 a.m. local time (6:15 a.m. ET), at www.pmi.com. An archived copy of the webcast, together with presentation slides, will be available on the same site.

The presentation and related discussion contain statements that, to the extent they do not relate strictly to historical or current facts, constitute “forward-looking statements” within the meaning of the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on current plans, estimates and expectations, and are not guarantees of future performance. They are based on management’s expectations that involve a number of business risks and uncertainties, any of which could cause actual results to differ materially from those expressed in or implied by the forward-looking statements.

The risks and uncertainties relating to the forward-looking statements in the presentation and related discussion include those described under Item 1A. “Risk Factors” in PMI‘s Form 10-K for the year ended December 31, 2012, filed with the Securities and Exchange Commission. PMI does not undertake to publicly update or revise any forward-looking statements, except in the normal course of its public disclosure obligations.


Philip Morris International Inc
.

Philip Morris International Inc. (PMI) is the leading international tobacco company, with seven of the world’s top 15 international brands, including Marlboro, the number one cigarette brand worldwide. PMI‘s products are sold in more than 180 markets. In 2012, the company held an estimated 16.3% share of the total international cigarette market outside of the U.S., or 28.8% excluding the People’s Republic of China and the U.S. For more information, see www.pmi.com.

Philip Morris International Inc.
Investor Relations:
New York: +1 (917) 663 2233
Lausanne: +41 (0)58 242 4666
Media:
Lausanne: +41 (0)58 242 4500

<p …read more
Source: FULL ARTICLE at DailyFinance

Philip Morris International Names New CEO

By Rich Smith, The Motley Fool

Filed under:

Philip Morris International Chief Operating Officer Andre Calantzopoulos is taking over as chief executive officer of the company effective May 8, immediately following the company’s annual meeting of shareholders, PMI announced Wednesday. Calantzopoulos will be taking the place of current Chairman and CEO Louis Camilleri, who will remain chairman but give up the CEO‘s chair on that date.

Calantzopoulos was previously president and CEO of PMI at the time when it was still a division of parent company Altria . He has worked, variously for PMI and for Altria, since 1985.

According to SEC filings, Calantzopoulos received total compensation of $15,208,950 from PMI in 2011, while Camilleri received $21,630,117. In its filing announcing the change in management , PMI advised that Calantzopoulos’ and Camilleri’s compensation in their new roles “will be determined by the Compensation and Leadership Development Committee of the Board of Directors at a later date and promptly announced at that time.”

Shareholders are not reacting particularly well to the news today, bidding down PMI shares 0.3% to $90.55.

The article Philip Morris International Names New CEO originally appeared on Fool.com.

Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool owns shares of Philip Morris International. Try any of our Foolish newsletter services free for 30 days. We Fools don’t all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

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Philip Morris International Inc. (PMI) Announces Leadership Succession Plan

By Business Wirevia The Motley Fool

Filed under:


Philip Morris International Inc. (PMI) Announces Leadership Succession Plan


Andre Calantzopoulos Appointed Chief Executive Officer


Louis Camilleri to Remain Chairman of the Board

NEW YORK–(BUSINESS WIRE)– Regulatory News:

The Board of Directors of Philip Morris International Inc. (NYSE / Euronext Paris: PM) today announced that André Calantzopoulos was appointed Chief Executive Officer to become effective immediately following the Annual Meeting of Shareholders on May 8, 2013. Mr. Calantzopoulos was also nominated for election to the Board of Directors at the Annual Meeting. He has served as PMI‘s Chief Operating Officer since the company’s spin-off on March 28, 2008. Louis Camilleri, PMI‘s current Chairman and Chief Executive Officer, will remain as Chairman of the Board and as an employee of the company.

Since the spin-off, Messrs. Camilleri and Calantzopoulos have worked closely together in their respective roles as Chief Executive Officer and Chief Operating Officer. Under their combined leadership, PMI has solidified its position as the largest and most profitable international tobacco company, while expanding its global market share, excluding China and the USA, to a record 28.8% in 2012. Among PMI‘s substantial achievements under their combined leadership since the spin-off through year-end 2012:

  • Total Shareholder Return of 103.5% versus the S&P 500 Index (20.6%);
  • Returned over $50 billion to shareholders through dividends and share repurchases;
  • Met, or exceeded, the high end of its adjusted diluted EPS annual growth target of 10-12%, excluding currency, each year;
  • Increased its dividend each year for a cumulative increase of 84.8%; and
  • Repurchased 489 million shares, or 23.2% of the shares outstanding after the spin-off, at an average price of $56.96 per share.

Lucio A. Noto, PMI‘s independent Presiding Director, said: “Louis has assembled and led a tremendous …read more
Source: FULL ARTICLE at DailyFinance

Philip Morris International (PMI) Declares Regular Quarterly Dividend of $0.85 Per Share

By Business Wirevia The Motley Fool

Filed under:


Philip Morris International (PMI) Declares Regular Quarterly Dividend of $0.85 Per Share

NEW YORK–(BUSINESS WIRE)– Regulatory News:

The Board of Directors of Philip Morris International Inc. (NYSE / Euronext Paris: PM) today declared a regular quarterly dividend of $0.85 per common share, payable on April 12, 2013, to shareholders of record as of March 28, 2013. The ex-dividend date is March 26, 2013.

For more details on stock, dividends and other information, see www.pmi.com/investors.


Philip Morris International Inc
.

Philip Morris International Inc. (PMI) is the leading international tobacco company, with seven of the world’s top 15 international brands, including Marlboro, the number one cigarette brand worldwide. PMI‘s products are sold in more than 180 markets. In 2012, the company held an estimated 16.3% share of the total international cigarette market outside of the U.S., or 28.8% excluding the People’s Republic of China and the U.S. For more information, see www.pmi.com.

Philip Morris International Inc.
Investor Relations:
New York: +1 (917) 663 2233
Lausanne: +41 (0)58 242 4666
or
Media:
Lausanne: +41 (0)58 242 4500

KEYWORDS:   United States  Europe  North America  France  New York  Switzerland

INDUSTRY KEYWORDS:

The article Philip Morris International (PMI) Declares Regular Quarterly Dividend of $0.85 Per Share originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

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Philip Morris International Inc. (PMI) to Webcast Presentation at Consumer Analyst Group of Europe (

By Business Wirevia The Motley Fool

Filed under:


Philip Morris International Inc. (PMI) to Webcast Presentation at Consumer Analyst Group of Europe (CAGE) Conference

NEW YORK–(BUSINESS WIRE)– Regulatory News:

Philip Morris International Inc. (NYSE/Euronext Paris:PM) will host a live audio webcast of its presentation at the Consumer Analyst Group of Europe (CAGE) conference in London, U.K., at www.pmi.com on Monday, March 18, 2013, at approximately 10:15 a.m. local time (6:15 a.m. ET).

The webcast will provide audio of the presentation and Q&A session by Mr. Jacek Olczak, Chief Financial Officer. The webcast will be in a listen-only mode.

An archived copy of the webcast will be available at www.pmi.com until 5:00 p.m. ET on Tuesday, April 16, 2013.

Presentation slides and script will also be available at www.pmi.com.


Philip Morris International Inc
.

Philip Morris International Inc. (PMI) is the leading international tobacco company, with seven of the world’s top 15 international brands, including Marlboro, the number one cigarette brand worldwide. PMI‘s products are sold in more than 180 markets. In 2012, the company held an estimated 16.3% share of the total international cigarette market outside of the U.S., or 28.8% excluding the People’s Republic of China and the U.S. For more information, see www.pmi.com.

Philip Morris International Inc.
Investor Relations
New York: +1 (917) 663 2233
Lausanne: +41 (0)58 242 4666
or
Media:
Lausanne: +41 (0)58 242 4500

KEYWORDS:   United Kingdom  United States  Europe  North America  France  New York  Switzerland

INDUSTRY KEYWORDS:

The article Philip Morris International Inc. (PMI) to Webcast Presentation at Consumer Analyst Group of Europe (CAGE) Conference originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley …read more
Source: FULL ARTICLE at DailyFinance