Alcoa and Yum! Brands Kick Off S&P 500 Earnings Season
The Paragon Report Provides Stock Research on Alcoa and Yum! Brands
(firmenpresse) - NEW YORK, NY -- (Marketwire) -- 10/12/12 -- The S&P 500 Index has clumped for 4 consecutive days as the International Monetary Fund have cut its global growth forecast. The IMF forecasts the global economy will expand by 3.3 percent in 2012, down from their previous estimate of 3.5 percent. The Paragon Report examines investing opportunities in the S&P 500 Index and provides equity research on Alcoa Inc. (NYSE: AA) and Yum! Brands, Inc. (NYSE: YUM).
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Aggregate profits for companies in the S&P 500 are expected to decline in the third quarter for the first time in three years according to analysts' estimates collected by Bloomberg. The data has showed that earnings per share and sales are expected to drop on average 1.7 percent, and 0.6 percent, respectively.
"The fear is that this is going to be a really bad earnings season," Haverford Trust Co. chief investment officer, Hank Smith, said in a recent telephone interview. "If S&P 500 earnings come in better than expectations, the markets are going to view that positively. We're off to a good start but we've got a long way to go."
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Alcoa is the world's leading producer of primary aluminum and fabricated aluminum, as well as the world's largest miner of bauxite and refiner of alumina. Shares of the company fell Wednesday after reporting third quarter 2012 results. Alcoa has lowered its 2012 global aluminum demand forecast to 6 percent due to the economic slowdown in China.
Yum! Brands shares surged over 5 percent Wednesday after reporting strong third quarter 2012 results due to strong growth in China. "In China, our category-leading brands and competitive positions are stronger than ever. China system sales grew 22% as we opened 192 new restaurants and delivered same-store sales growth of 6%," said David C. Novak, Chairman and CEO.
The Paragon Report has not been compensated by any of the above-mentioned publicly traded companies. Paragon Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at:
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Datum: 12.10.2012 - 06:20 Uhr
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