Get A Leg Up On Wednesday’s Trade–Read These Earnings Reports

Stocks were mixed Tuesday as traders digested a
raft of earnings reports. A late day reversal sent the Dow lower.

Texas Instruments
(TXN)
reported 0.32, 0.03 more than expected. Revenues were $3.24 billion; net income
rose 42% from a year ago. The company will also increase its dividend. 

Netflix (NFLX)
beat by 0.12 and raised guidance.

International Paper
(
IP |
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PowerRating) reported Q2 that beat by 0.02.

Lockheed
(
LMT |
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PowerRating) beat estimates and raised guidance.

Consumer Confidence for July fell to 103.2 from 106.2 in June.

After the bell, Biogen-Idec
(
BIIB |
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PowerRating)
beat by 0.07   Electronic Arts
(
ERTS |
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PowerRating)
beat by 0.06 and beat on revenues.  Amazon
(
AMZN |
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PowerRating) reported
0.12, beating by 0.02. Revenues rose 26% to $1.75 billion.  Sun Micro
(
SUNW |
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PowerRating) beat by 0.05; revenues were in-line. RF Micro Devices
(
RFMD |
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PowerRating)
beat by 0.03. Chubb
(
CB |
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PowerRating) beat by 0.26.

Strong sectors were:    Biotech
(
$BTK.X |
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PowerRating)
+2.51%       Networkers
(
$NWX.X |
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PowerRating)
+2.22%
  Airlines
(
$XAL.X |
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PowerRating) +2.05%       

Weak sectors were:      Chemicals
(
$CEX.X |
Quote |
Chart |
News |
PowerRating) -2.73%  Computer Hardware
(
$HWI.X |
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News |
PowerRating) -1.41%   Gold
(
$XAU.X |
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News |
PowerRating) -1.52%    

Human Genome (HGSI)
beat by 0.05.

BJ Services
(
BJS |
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PowerRating) beat by 0.10.

Burlington Northern
(
BNI |
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PowerRating) beat by 0.03.

Black & Decker
(
BDK |
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PowerRating) beat by 0.11.

Legg Mason
(
LM |
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PowerRating) missed by 0.07.

Lexmark
(
LXK |
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PowerRating) was in-line and guided lower

CNet  Network’s
(
CNET |
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PowerRating) sales rose 24%; the company reversed
a year ago loss.

JDA Software (JDAS)
beat by 0.06.

Wells Fargo
(
WFC |
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PowerRating) increased its quarterly dividend to 0.52 from
0.48 and said it will buy back an additional 25 million shares.

US Steel
(
X |
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PowerRating) missed estimates; shipments were reduced  The
company said Q3 likely lower than Q2.

Valero Energy
(
VLO |
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PowerRating) beat by 0.12 and said it sees 2006 better than
2005.

Altera (ALTR)
beat by a penny and guided Q3 above consensus.  Q2 profit fell 11% from a
year ago.