TPR Tapestry Inc

Companies Struggling to Meet Expectations

The bulk of the 2013 Q4 earnings reports thus far have been from the Finance sector, but the reporting cycle ramps up materially this week, with almost 200 companies including 69 S&P 500 members reporting results. We will get results from a diverse group of bellwethers from industries, ranging from IBM (IBM) and Microsoft (MSFT) to McDonald’s (MCD), Starbucks (SBUX) and Proctor & Gamble (PG).  

The Finance centric results thus far indicate that companies are struggling to exceed the lowered earnings and expectations. The beat ratios, both for earnings and revenues, are weaker relative to what we would typically see at this stage of the reporting cycle. The growth picture looks good on surface, but a lot of that is due to easy comparisons.

It is hard to take a definitive feel for the guidance picture at this stage as we haven’t seen that many earnings reports outside of the Finance sector and banks typically don’t provide guidance. But the overall trend among the few non-financial companies continues to be towards negative guidance. The hope has been that the recent uptrend economic fundamentals will start showing up in improved management commentary that will stem the persistent downward revision trend in earnings estimates. We will know more this week, but recent results from the likes of Intel (INTC), CSX Corp (CSX) and UPS don’t inspire much confidence on that front.

Q3 Earnings Scorecard (as of Friday, 1/17/2013)

Total earnings for the 52 S&P 500 members that have reported already are up +14.8% from the same period last year, with a ‘beat ratio’ of 55.8% and a median surprise of +1.7%. Total revenues are up +3.4%, with a revenue ‘beat ratio’ of 51.9% and a median surprise of +0.9%. The earnings and revenue growth rates for these 52 companies are not materially different from what we have seen from them in recent quarters. But the beat ratios are on the weak side, as the chart below shows.

 

With results from almost 50% of the sector’s total market capitalization already known, Finance has the most representative sample of Q4 results of the major sectors. Total Finance sector are earnings are up +14.2% from the same period last year, with strong year-over-year gains at Bank of America (BAC) driving most of the gain.

Excluding the $2.7 billion positive year-over-year swing in BAC’s total earnings, growth for the sector would be down +3%. But even including Bank of America’s hefty contribution, the Finance sector’s growth rates and beat ratios at this stage don’t compare favorably to what we have seen from this same group of companies in recent quarters.

The insurance industry, the second largest in the Finance sector accounting for almost a quarter of its total earnings, will start reporting results this week as Travelers (TRV) reports numbers. Total earnings for the insurance industry are expected to be up +41.6%, as the year-earlier period was held down by Sandy-related expenses.

The Composite Growth Picture

The ‘composite’ picture for Q4, where we combine the results from the 52 companies that have reported already with the 448 still to come, is for growth rate of +7.1%. This reflects +1.5% higher revenues and net margin gains of about 50 basis points. Finance remains a big growth driver in Q4 – total earnings growth for the S&P 500 in Q4 drop to +3.4% once the sector is excluded.  

Technology earnings are expected be flat in Q4, up only +1% after the +5.9% gain in Q3. We will have to wait a bit longer to get results from the sector’s growth leaders like Google (GOOG) and Facebook (FB) as the legacy players like IBM and Microsoft on the docket this week are unlikely to move the needle much.

Lack of corporate capital spending has been an issue for the sector for some time and the consensus view is that we will see a turnaround on that front later this year. We haven’t heard anything yet that will add to our confidence in that expectation. But this optimistic view is a big contributor to the expected upturn in the Tech sector’s growth estimate later this year. Total earnings for the sector are expected to be up +9.4% this year and +10.9% in 2015, pronounced acceleration from the flat reading in 2013.

Will Guidance Finally Turn Around?  

For obvious reasons, the market is very interested management guidance for 2014. Companies typically provide guidance only for the following quarter, but they do tend to discuss their outlook their outlook for the coming year on the Q4 earnings calls. It will be interesting to see if management teams see any material improvement in the earnings picture this year along the lines of current consensus earnings expectations for 2014.

Total earnings are expected to be up +9.3% in 2014, up from +4.6% growth in 2013, with most of the growth coming in the back half of the year.

Monday-1/20

• Nothing major on the economic or earnings calendars today because of the Martin Luther King Jr. holiday.

Tuesday -1/21

• Nothing on the economic calendar, but a busy day on the earnings front.
• Johnson & Johnson (JNJ), Verizon (VZ), Travelers (TRV) and Halliburton (HAL) are the key reports in the morning, while IBM (IBM) and Texas Instruments (TXN) will report after the close.
• Zacks Earnings ESP or Expected Earnings Surprise, our proprietary leading indicator of earnings surprises, is showing JNJ and TRV coming out with earnings beats.
• Stocks with positive Earnings ESP and Zacks Rank of 1, 2 or 3 are highly likely to come out with positive earnings surprises. JNJ has a Zacks Rank #3 (Hold) and Earnings ESP of +0.8%, while TRV has a Zacks Rank #2 (Buy) and positive ESP +0.5%.  
• To get a better understanding of Zacks Earnings Surprise Predictor, please click here.  

 Wednesday-1/22

• Another busy day on the earnings front and not much on the economic calendar.
• Coach (COH), Abbott Labs (ABT), Norfolk Southern (NSC) and United Technology (UTX) are the key reports in the morning, while eBay (EBAY) will report after the close.
• United Technology with Earnings ESP of +3.3% and Zacks Rank #3 is expected to come out with a positive earnings surprise, as is Norfolk Southern.

Thursday -1/23

• A busy day on the economic calendar, with weekly Jobless Claims, December Existing Home sales and Leading Indicators coming out.
• McDonald’s (MCD), Union Pacific (UNP) and Southwest Air (LUV) are the key reports in the morning, while Microsoft (MSFT) and Starbucks (SBUX) will report after the close.
• Starbucks’ Zacks Rank #3 (Hold) and Earnings ESP of +2.9% show that the company is highly likely to come out with a positive earnings surprise.  

Friday-1/24

• Nothing on the economic calendar.
• Proctor & Gamble (PG), Kimberly Clark (KMB), WW Grainger (GWW), and Kansas City Southern (KSU) are the key reports today, all in the morning.

Here is a list of the 197 companies reporting this week, including 69 S&P 500 members.

Company	Ticker	Current Qtr	Year-Ago Qtr	Last EPS Surprise %	Report Day	Time
FIRST DEFIANCE	FDEF	0.51	0.52	3.85	Monday	AMC
INTL BUS MACH	IBM	6.01	5.39	1.01	Tuesday	AMC
JOHNSON & JOHNS	JNJ	1.2	1.19	3.82	Tuesday	BTO
ROCKWELL COLLIN	COL	0.95	0.94	-2.29	Tuesday	BTO
TRAVELERS COS	TRV	2.15	0.72	18.09	Tuesday	BTO
HALLIBURTON CO	HAL	0.89	0.63	1.22	Tuesday	BTO
BAKER-HUGHES	BHI	0.66	0.62	3.85	Tuesday	BTO
CA INC	CA	0.68	0.61	22.06	Tuesday	AMC
VERIZON COMM	VZ	0.65	0.38	2.67	Tuesday	BTO
XILINX INC	XLNX	0.53	0.38	-5.77	Tuesday	AMC
TEXAS INSTRS	TXN	0.47	0.36	-1.75	Tuesday	AMC
DELTA AIR LINES	DAL	0.63	0.28	5.22	Tuesday	BTO
REGIONS FINL CP	RF	0.2	0.22	-4.76	Tuesday	BTO
FOREST LABS A	FRX	0.06	-0.21	157.14	Tuesday	BTO
SAP AG ADR	SAP	1.59	1.23	2.04	Tuesday	BTO
SIGNATURE BANK	SBNY	1.26	1.05	4.24	Tuesday	BTO
WINTRUST FINL	WTFC	0.7	0.61	9.23	Tuesday	AMC
COMMNTY BK SYS	CBU	0.53	0.52	3.85	Tuesday	AMC
WOODWARD INC	WWD	0.41	0.39	8.57	Tuesday	AMC
MERCANTILE BANK	MBWM	0.4	0.35	26.32	Tuesday	BTO
PINNACLE FIN PT	PNFP	0.43	0.34	0	Tuesday	AMC
RENASANT CORP	RNST	0.35	0.29	-31.43	Tuesday	AMC
TD AMERITRADE	AMTD	0.32	0.27	5.88	Tuesday	BTO
CREE INC	CREE	0.31	0.23	-6.25	Tuesday	AMC
MARTEN TRANS	MRTN	0.25	0.23	4.35	Tuesday	AMC
PETMED EXPRESS	PETS	0.23	0.23	-4.55	Tuesday	BTO
FNB CORP	FNB	0.21	0.23	4.76	Tuesday	AMC
FULTON FINL	FULT	0.2	0.2	5	Tuesday	AMC
INTERACTIVE BRK	IBKR	0.15	0.19	0	Tuesday	AMC
STILLWATER MNG	SWC	0.06	0.13	425	Tuesday	BTO
SUPERTEX INC	SUPX	0.18	0.12	41.18	Tuesday	AMC
SUPER MICRO COM	SMCI	0.22	0.11	0	Tuesday	AMC
TRUSTCO BK -NY	TRST	0.1	0.1	10	Tuesday	AMC
OMNOVA SOLUTION	OMN	0.12	0.07	-13.64	Tuesday	BTO
SOUTHWEST BC-OK	OKSB	0.2	0.05	11.76	Tuesday	AMC
COASTAL CONTACT	COA	-0.13	-0.09	50	Tuesday	BTO
SYNOVUS FINL CP	SNV	0.05	-0.1	0	Tuesday	BTO
NEW ORIENTAL ED	EDU	-0.01	-0.1	3.85	Tuesday	BTO
ADV MICRO DEV	AMD	0.06	-0.14	100	Tuesday	AMC
IRONWOOD PHARMA	IRWD	-0.5	-0.41	12.07	Tuesday	BTO
WESTERN DIGITAL	WDC	2.08	2.09	3.92	Wednesday	AMC
ABBOTT LABS	ABT	0.58	1.52	7.84	Wednesday	BTO
GENL DYNAMICS	GD	1.76	1.39	9.52	Wednesday	BTO
NORFOLK SOUTHRN	NSC	1.5	1.3	10.07	Wednesday	BTO
UTD TECHS CORP	UTX	1.53	1.29	6.54	Wednesday	BTO
COACH INC	COH	1.12	1.23	0	Wednesday	BTO
PARKER HANNIFIN	PH	1.22	1.19	13.61	Wednesday	BTO
STRYKER CORP	SYK	1.22	1.14	-1.01	Wednesday	AMC
MOTOROLA SOLUTN	MSI	1.5	0.99	33.7	Wednesday	BTO
SANDISK CORP	SNDK	1.47	0.99	23.77	Wednesday	AMC
AMPHENOL CORP-A	APH	0.98	0.94	2.08	Wednesday	BTO
ST JUDE MEDICAL	STJ	0.97	0.92	1.12	Wednesday	BTO
VARIAN MEDICAL	VAR	0.9	0.89	-3.57	Wednesday	AMC
F5 NETWORKS INC	FFIV	0.91	0.88	0	Wednesday	AMC
FREEPT MC COP-B	FCX	0.81	0.78	38.1	Wednesday	BTO
JACOBS ENGIN GR	JEC	0.73	0.76	-3.45	Wednesday	AMC
US BANCORP	USB	0.75	0.75	0	Wednesday	BTO
NORTHERN TRUST	NTRS	0.75	0.71	-2.56	Wednesday	BTO
TE CONNECT-LTD	TEL	0.77	0.65	3.33	Wednesday	BTO
EBAY INC	EBAY	0.71	0.64	1.89	Wednesday	AMC
TEXTRON INC	TXT	0.61	0.56	-25.53	Wednesday	BTO
NOBLE CORP PLC	NE	0.85	0.5	21.43	Wednesday	AMC
PROGRESSIVE COR	PGR	0.42	0.34	0	Wednesday	BTO
CROWN CASTLE	CCI	0.16	0.22	-5.88	Wednesday	AMC
ALLEGHENY TECH	ATI	-0.19	0.18	3.57	Wednesday	BTO
NETFLIX INC	NFLX	0.65	0.13	8.33	Wednesday	AMC
UTD RENTALS INC	URI	1.45	1.27	3.16	Wednesday	AMC
FLAGSTAR BANCP	FBC	0.1	1.12	-5.88	Wednesday	AMC
ASML HOLDING NV	ASML	1.26	0.97	-15.94	Wednesday	BTO
TEXAS CAP BCSHS	TCBI	0.79	0.82	-3.9	Wednesday	AMC
FAIR ISAAC INC	FICO	0.59	0.77	6.25	Wednesday	AMC
RAYMOND JAS FIN	RJF	0.73	0.69	47.62	Wednesday	AMC
BANNER CORP	BANR	0.66	0.69	0	Wednesday	AMC
TAYLOR CAP GRP	TAYC	0.34	0.66	-17.07	Wednesday	AMC
NVE CORP	NVEC	0.63	0.6	17.86	Wednesday	AMC
BRINKER INTL	EAT	0.58	0.5	-6.52	Wednesday	BTO
EAST WEST BC	EWBC	0.54	0.49	-1.85	Wednesday	AMC
COHEN&STRS INC	CNS	0.41	0.49	2.5	Wednesday	AMC
RLI CORP	RLI	0.56	0.44	47.37	Wednesday	AMC
PREFERRED BANK	PFBC	0.37	0.4	12.12	Wednesday	N/A
EAGLE BCP INC	EGBN	0.43	0.39	2.33	Wednesday	AMC
ETHAN ALLEN INT	ETH	0.42	0.39	6.45	Wednesday	AMC
PAC PREMIER BCP	PPBI	0.22	0.32	-21.74	Wednesday	BTO
PTC INC	PTC	0.37	0.26	13.04	Wednesday	AMC
UMPQUA HLDGS CP	UMPQ	0.24	0.26	-7.69	Wednesday	AMC
SUSQUEHANNA BSH	SUSQ	0.21	0.23	4.35	Wednesday	AMC
CVB FINL	CVBF	0.22	0.21	9.52	Wednesday	AMC
PACIFIC CONTL	PCBK	0.22	0.19	4.76	Wednesday	AMC
BANCORPSOUTH	BXS	0.28	0.18	0	Wednesday	AMC
FIRST MIDWST BK	FMBI	0.26	0.18	62.5	Wednesday	BTO
LOGITECH INTL	LOGI	0.15	0.1	240	Wednesday	AMC
ADTRAN INC	ADTN	0.14	0.08	31.82	Wednesday	BTO
TAL EDUCATN-ADR	XRS	0.09	0.07	3.57	Wednesday	BTO
TERADYNE INC	TER	0.04	0.07	4.55	Wednesday	AMC
POLYCOM INC	PLCM	0.06	0.04	-50	Wednesday	AMC
8X8 INC	EGHT	0.03	0.04	-16.67	Wednesday	AMC
FUSION-IO INC	FIO	-0.18	0.03	-10.53	Wednesday	AMC
ZHONE TECH INC	ZHNE	0.05	0.02	50	Wednesday	AMC
INTUITIVE SURG	ISRG	3.75	4.25	18.05	Thursday	AMC
PRECISION CASTP	PCP	3.04	2.4	2.84	Thursday	BTO
UNION PAC CORP	UNP	2.49	2.19	0.4	Thursday	BTO
LOCKHEED MARTIN	LMT	2.02	1.78	13.72	Thursday	BTO
MCDONALDS CORP	MCD	1.39	1.38	1.33	Thursday	BTO
BAXTER INTL	BAX	1.25	1.26	0	Thursday	BTO
DISCOVER FIN SV	DFS	1.18	1.07	0	Thursday	AMC
MICROSOFT CORP	MSFT	0.67	0.81	14.81	Thursday	AMC
AMERISOURCEBRGN	ABC	0.79	0.67	6.76	Thursday	BTO
KLA-TENCOR CORP	KLAC	0.79	0.63	3.03	Thursday	AMC
STARBUCKS CORP	SBUX	0.69	0.57	0	Thursday	AMC
JOHNSON CONTROL	JCI	0.69	0.52	1.06	Thursday	BTO
FIFTH THIRD BK	FITB	0.42	0.46	-4.76	Thursday	BTO
ALTERA CORP	ALTR	0.3	0.37	8.82	Thursday	AMC
LEGGETT & PLATT	LEG	0.33	0.32	-2.27	Thursday	AMC
INTL GAME TECH	IGT	0.3	0.28	-11.76	Thursday	AMC
KEYCORP NEW	KEY	0.24	0.21	13.64	Thursday	BTO
JUNIPER NETWRKS	JNPR	0.27	0.19	0	Thursday	AMC
SOUTHWEST AIR	LUV	0.28	0.09	6.25	Thursday	BTO
E TRADE FINL CP	ETFC	0.2	-0.65	0	Thursday	AMC
OPEN TEXT CORP	OTEX	1.39	1.53	6.5	Thursday	AMC
CASH AM INTL	CSH	0.99	1.34	4.94	Thursday	BTO
ARCTIC CAT INC	ACAT	1.26	1.3	-12.82	Thursday	BTO
TELEDYNE TECH	TDY	1.22	1.17	2.63	Thursday	BTO
AVNET	AVT	1.11	1.01	2.27	Thursday	BTO
DELUXE CORP	DLX	0.99	0.95	4.35	Thursday	BTO
CITY NATIONAL	CYN	1.06	0.87	10	Thursday	AMC
POPULAR INC	BPOP	0.67	0.81	-15.71	Thursday	BTO
ALASKA AIR GRP	ALK	1.01	0.7	5.24	Thursday	BTO
HUNT (JB) TRANS	JBHT	0.79	0.7	-3.85	Thursday	BTO
CELANESE CP-A	CE	1.01	0.67	4.35	Thursday	AMC
TESSCO TECH INC	TESS	0.58	0.65	12.24	Thursday	AMC
INDEP BK MASS	INDB	0.62	0.61	5	Thursday	AMC
BANKUNITED INC	BKU	0.46	0.61	13.04	Thursday	BTO
GATX CORP	GMT	0.93	0.56	9	Thursday	BTO
RESMED INC	RMD	0.63	0.53	-1.75	Thursday	AMC
HANCOCK HLDG CO	HBHC	0.56	0.5	1.82	Thursday	AMC
COLUMBUS MCKINN	CMCO	0.33	0.49	16.13	Thursday	BTO
SIMMONS FIRST A	SFNC	0.5	0.48	9.76	Thursday	BTO
CUBIST PHARM	CBST	0.31	0.48	-25.45	Thursday	AMC
HILL-ROM HLDGS	HRC	0.51	0.47	8.33	Thursday	BTO
DOLBY LAB INC-A	DLB	0.33	0.47	30.56	Thursday	AMC
SILICOM LIMITED	SILC	0.63	0.46	12.24	Thursday	BTO
FEDERATED INVST	FII	0.36	0.44	2.7	Thursday	AMC
MAXIM INTG PDTS	MXIM	0.4	0.42	5.13	Thursday	AMC
MATTHEWS INTL-A	MATW	0.39	0.42	0	Thursday	AMC
CABOT MICROELEC	CCMP	0.61	0.41	20.69	Thursday	BTO
MICROSEMI CORP	MSCC	0.35	0.41	0	Thursday	AMC
SANDY SPRING	SASR	0.42	0.4	11.63	Thursday	BTO
CUSTOMERS BANCP	CUBI	0.33	0.4	6.45	Thursday	BTO
HEXCEL CORP	HXL	0.46	0.36	4.35	Thursday	AMC
PEOPL BNCP-OHIO	PEBO	0.34	0.36	9.76	Thursday	BTO
SYNAPTICS INC	SYNA	0.7	0.35	10.38	Thursday	AMC
INFORMATICA CRP	INFA	0.39	0.34	-16.67	Thursday	AMC
COLUMBIA BK SYS	COLB	0.35	0.34	0	Thursday	BTO
CATHAY GENL BCP	CATY	0.4	0.31	2.7	Thursday	AMC
NETSCOUT SYSTMS	NTCT	0.37	0.31	12	Thursday	BTO
GLACIER BANCORP	GBCI	0.36	0.29	6.06	Thursday	AMC
FIDELITY SOUTHN	LION	0.3	0.27	3.45	Thursday	N/A
QUALITY SYS	QSII	0.18	0.26	-8.7	Thursday	BTO
ENTERPRISE FINL	EFSC	0.41	0.23	18.92	Thursday	N/A
BRIDGE CAP HLDG	BBNK	0.28	0.23	7.41	Thursday	AMC
OCEANFIRST FINL	OCFC	0.21	0.23	3.57	Thursday	AMC
WESTERN ALLIANC	WAL	0.33	0.22	0	Thursday	AMC
JANUS CAP GRP	JNS	0.18	0.19	0	Thursday	BTO
COBIZ FINL INC	COBZ	0.18	0.17	21.43	Thursday	AMC
NATL PENN BCSHS	NPBC	0.17	0.17	0	Thursday	BTO
CAPITALSOURCE	CSE	0.17	0.16	20	Thursday	BTO
BANCORP BNK/THE	TBBK	0.13	0.15	-13.33	Thursday	AMC
COMPUWARE CORP	CPWR	0.12	0.12	50	Thursday	AMC
CAPITAL BNK FIN	CBF	0.21	0.1	10	Thursday	BTO
FAIRCHILD SEMI	FCS	0.09	0.1	41.67	Thursday	BTO
AMER RIVER BSH	AMRB	0.1	0.09	25	Thursday	AMC
NOKIA CP-ADR A	NOK	0.05	0.08	100	Thursday	BTO
BRIGGS & STRATT	BGG	0.1	0.07	-12.9	Thursday	BTO
UTD CMNTY BK/GA	UCBI	0.22	0.04	10.53	Thursday	BTO
DIGI INTL INC	DGII	0.05	0.04	28.57	Thursday	AMC
DELTA APPAREL	DLA	-0.09	0.01	-76.67	Thursday	AMC
CYPRESS SEMICON	CY	-0.01	-0.02	100	Thursday	BTO
UROPLASTY INC	UPI	-0.05	-0.02	-50	Thursday	AMC
UTD FINL BCP	UBNK	0.24	-0.05	-11.54	Thursday	AMC
OLD REP INTL	ORI	0.18	-0.09	218.18	Thursday	BTO
SHORETEL INC	SHOR	-0.05	-0.11	142.86	Thursday	AMC
APPLD MICRO CIR	AMCC	0.02	-0.2	-200	Thursday	AMC
MGIC INVSTMT CP	MTG	-0.02	-2.33	133.33	Thursday	BTO
GRAINGER W W	GWW	2.63	2.42	-3.91	Friday	BTO
KIMBERLY CLARK	KMB	1.4	1.37	2.86	Friday	BTO
STANLEY B&D INC	SWK	1.3	1.37	0.72	Friday	BTO
PROCTER & GAMBL	PG	1.2	1.22	0	Friday	BTO
STATE ST CORP	STT	1.19	1.11	0	Friday	BTO
HONEYWELL INTL	HON	1.22	1.1	0	Friday	BTO
COVIDIEN PLC	COV	0.94	1.1	1.11	Friday	BTO
KANSAS CITY SOU	KSU	1.1	0.91	-0.9	Friday	BTO
BRISTOL-MYERS	BMY	0.43	0.47	4.55	Friday	BTO
XEROX CORP	XRX	0.29	0.3	4	Friday	BTO
PROSPERITY BCSH	PB	0.91	0.85	0	Friday	BTO
WEST BANCORP	WTBA	0.24	0.22	3.85	Friday	BTO
FIRST NIAGARA	FNFG	0.2	0.19	5.26	Friday	BTO
IMMUNOGEN INC	IMGN	-0.18	-0.29	40.91	Friday	BTO

 
ABBOTT LABS (ABT): Free Stock Analysis Report
 
COACH INC (COH): Free Stock Analysis Report
 
EBAY INC (EBAY): Free Stock Analysis Report
 
FACEBOOK INC-A (FB): Free Stock Analysis Report
 
GOOGLE INC-CL A (GOOG): Free Stock Analysis Report
 
GRAINGER W W (GWW): Free Stock Analysis Report
 
HALLIBURTON CO (HAL): Free Stock Analysis Report
 
INTL BUS MACH (IBM): Free Stock Analysis Report
 
JOHNSON & JOHNS (JNJ): Free Stock Analysis Report
 
KIMBERLY CLARK (KMB): Free Stock Analysis Report
 
KANSAS CITY SOU (KSU): Free Stock Analysis Report
 
SOUTHWEST AIR (LUV): Free Stock Analysis Report
 
MCDONALDS CORP (MCD): Free Stock Analysis Report
 
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NORFOLK SOUTHRN (NSC): Free Stock Analysis Report
 
PROCTER & GAMBL (PG): Free Stock Analysis Report
 
STARBUCKS CORP (SBUX): Free Stock Analysis Report
 
TRAVELERS COS (TRV): Free Stock Analysis Report
 
TEXAS INSTRS (TXN): Free Stock Analysis Report
 
UNION PAC CORP (UNP): Free Stock Analysis Report
 
UTD TECHS CORP (UTX): Free Stock Analysis Report
 
VERIZON COMM (VZ): Free Stock Analysis Report
 
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