J.B. Hunt Transport (JBHT) reports earnings today. The company is expected to post profits of 78-cents a share, up from 65-cents a year ago, That would be on revenue that's risen about 12% to 1.45-billion. Many analysts consider JB's trucking business a good indicator of the overall economy. By the way, BMO Capital Markets initiated coverage of the company last week with an outperform rating. Cleveland research however, lists the stock as a neutral. Shares of J.B. Hunt are up 21% so far this year.
Packaging Corp of America (PKG) reports its earnings after the closing bell. The Illinois-based maker of containers is expected to report earnings of 89-cents a share. That would be up from 55-cents a year ago. Rising profits are already reflected in the stock price. It's up 47% year-to-date, and hit an all-time high on September 19th.
General Motors (GM) opens a new parts plant in Arlington, Texas today. This is key because GM already has an assembly plant in Arlington, so the company predicts annual savings of about 40-million dollars in shipping costs. GM shares are up 21% so far this year. Not bad at all. However, Tesla, its newest American competitor, is up 405% in the same period.
A number of companies reporting tomorrow as earnings season begins in earnest. They include Citigroup (C), Coca-Cola (KO), CSX (CSX), Domino's (DPZ), Intel (INTC), Johnson & Johnson (JNJ) and our own parent company Yahoo (YHOO).
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