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Stocks to Watch: GS, JNJ, KO & More

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Published: Tuesday, 17 Jul 2012 | 8:22 AM ET
Peter Schacknow By:

Senior Producer, CNBC

Take a look at some of Tuesday's morning movers:

Goldman Sachs - The investment bank reported quarterly profit of $1.78 per share, well above estimates of $1.16, with revenue also beating consensus. Goldman CEO Lloyd Blankfein said market conditions deteriorated during the quarter.

Johnson & Johnson - The medical device maker reported quarterly profit of $1.30 per share, excluding certain items, one cent above estimates. Revenue, however, fell short of analyst estimates, and J&J's full-year forecast of $5 to $5.07 per share was short of the $5.14 a share consensus.

Coca-Cola - The beverage maker reported second-quarter earnings of $1.22 per share, excluding certain items, three cents above estimates. Revenue was also above Street forecasts. Worldwide case volume growth was above estimates, though the company's volume decline in Europe was larger than anticipated.

Comerica - The bank reported a quarterly profit of $0.73 per share, well above estimates of $0.62, helped by an increase in commercial loans.

Mattel - The toy maker earned $0.28 per share for its second quarter, seven cents above estimates, with revenue slightly above analysts' forecasts. Lower costs and a strong dollar helped boost Mattel's bottom line.

Mosaic - The fertilizer producer earned $1.25 per share, excluding certain items, for its fourth quarter, four cents above estimates, with revenue also beating consensus. Mosaic also doubled its quarterly dividend to $0.25 per share.

Yahoo - The company has named Google’sMarissa Mayer as its new CEO, bypassing interim CEO Ross Levinsohn. Sources tell CNBC Levinsohn is expected to leave the company.

Flir Systems - Flir is expecting second-quarter results below analyst forecasts, and has also cut its full-year forecast. The maker of thermal imaging and camera systems cites weakness in Europe and delays in deliveries.

Cintas - Cintas reported fiscal fourth-quarter profits of $0.60 per share, in line with estimates, with revenues also matching analyst expectations. The uniform rental company also reported improved profit margins.

Mattress Firm Holding - The mattress maker has cut its full-year revenue and same-store sales guidance, although it boosted its full-year earnings guidance at the same time due to its recent acquisition of Mattress Giant. The company’s profit warning is also weighing on shares of rivals Select Comfort and Tempur-Pedic.

J.B. Hunt Transport - J.B. Hunt reported a 22 percent increase in second-quarter earnings, but the shares came under pressure in after-hours trading as overall revenue growth was below analysts' estimates.

Alcatel-Lucent - The company warned it will miss 2012 profit targets and post a second-quarter loss. The telecommunications equipment maker is feeling the effects of spending cuts by telecom operators around the globe. Alcatel’s warning is also impacting shares of rivals such as Nokia and Ericsson.

Target - The retailer's stock has been downgraded to “neutral” from “buy” at Citi, with the price target lowered to $68 from $69. Citi said Target will be negatively impacted by a cautious second-half economic outlook. At the same time, Citi is lowering estimates for rival retailers J.C. Penney, Kohl’s, and Macy’s, while removing J.C. Penney from its “Top Picks Live” list.

  Price   Change %Change
JCP ---
KSS ---
M ---
TGT ---

Lowe's, Home Depot - Janney Capital has downgraded both home improvement retailers to "neutral" from "buy," reflecting macroeconomic concerns about the second half of 2012.

Deere - JPMorgan Chase has downgraded the heavy equipment maker's stock to "neutral" from "overweight."

Urban Outfitters - Morgan Stanley has added the retailer's stock to its "Best Ideas" list.

Microsoft - The European Commission has opened an investigation into possible non-compliance by Microsoft regarding its commitments to giving users a choice of web browsers.

—By CNBC’s Peter Schacknow

Questions? Comments? Email us at marketinsider@cnbc.com

 Print
Take a look at some of Tuesday’s morning movers:
  Price   Change %Change
AA ---
CMA ---
CTAS ---
DE ---
ERIC.B ---
FLIR ---
GOOG ---
GS ---
HD ---
JBHT ---
JNJ ---
KO ---
LOW ---
MAT ---
MATT FIRM HC ---
MOS ---
MSFT ---
NOK ---
SCSS ---
TPX ---
URBN ---
YHOO ---

   
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