Dow 30 Week in Review: Monster Earnings Releases and More

Here’s your Cheat Sheet to the week in Dow 30 business news:

Are these stocks a buy or sell? Let us help you decide. Check out our Wall St. Cheat Sheet Stock Picker Newsletter now >>

The Coca-Cola Company (NYSE:KO) and Sanofi (NYSE:SNY) establish a 50-50 partnership through which to introduce a variety of drinks featuring various well-being and beauty claims, according to the Wall Street Journal. The drinks will be knows as Beautific Oenobiol and will debut in French pharmacies this autumn.

Microsoft Corporation’s (NASDAQ:MSFT) remake of the Windows computer operating system, Windows 8, is due to be available on October 28th. Walt Mossberg at the Wall Street Journal reports that the tile-based environment is “a bold move and in my view, works very well and is a welcome step.” In addition, he predicts that the radical overhaul “will require re-learning the most familiar computing system on the planet.”

Pfizer (NYSE:PFE) reports that a Phase 3 study of Inlyta did not meet its primary endpoint of demonstrating statistically significantly longer progression-free survival, compared to sorafenib, in treatment-naive patients suffering from advanced renal cell carcinoma. A preliminary review of the data indicated that overall the median PFS for Inlyta was greater than the median PFS for sorafenib, but did not meet statistical significance.

AT&T (NYSE:T) and Embedded Wireless are collaborating to wirelessly enable a new remote patient monitoring platform so as to allow caring for patients outside of hospitals and nursing homes to be more accessible and also to enhance quality of life for the elderly. On Wednesday, the firms said that AT&T will be the exclusive 4 gigabyte LTE mobile Internet supplier for the Zilant Wellness Remote Monitoring Platform along with a mobile personal emergency response system.

Don’t Miss: Is AT&T’s Stock a Buy Now?

Wal-Mart Stores (NYSE:WMT) is among online retailers that qualify for Target Corporation’s (NYSE:TGT) offer to guests of the ability to match the prices of select online competitors in its stores between November 1st and December 16th. In addition, Target has extended the timeframe for its Price Match Policy for the holiday shopping season and new in 2012, the policy will now include Target.com.

Exxon Mobil Corporation (NYSE:XOM) and Celtic Exploration reported that the Canadian affiliates of the former, including Exxon Mobil Canada Ltd., that the latter’s subsidiary will acquire all of Celtic’s outstanding common shares at a cash price of C$24.50 per share. Further, Celtic shareholders will receive one half of a share of a new company, 1705972 Alberta Ltd, for each Celtic common share. Along with the amount to be paid for Celtic’s outstanding convertible debentures and Celtic’s bank debt and working capital obligations, the transaction will amount to about C$3.1 billion, excluding the estimated value of Spinco shares. The transaction is to be completed by way of an arrangement under the Business Corporations Act. Calculated with the cash consideration, the transaction price marks a windfall of 35 percent over Celtic’s closing share price on the Toronto Stock Exchange of C$18.12 on Tuesday and 34 percent over Celtic’s 30-trading day volume weighted average trading price of C$18.28 per share ending on the same day.

The Boeing Company (NYSE:BA) reported Wednesday that it is initiating production of refueling booms for its KC-46 tanker at a new assembly facility in Seattle. The company added that the step represents an important milestone as it moved from design to production of a key component for the tanker.

Bank of America Corporation (NYSE:BAC) posted a slim quarterly profit on Wednesday which marks a small success for the firm, subsequent toits shelling out huge payments to resolve allegations that it misled investors in regards to its takeover of Merrill Lynch during the financial crisis. Also, the bank reported $340 million in net income, marking a 95 percent fall year-over-year from the $6.23 billion profit it posted in 2011. The results came to zero cents per diluted share in contrast to 56 cents last year.

Catalysts are critical to discovering winning stocks. Check out our newest CHEAT SHEET stock picks now.

Cisco Systems (NASDAQ:CSCO) and Citrix Systems (NASDAQ:CTXS) say that there will be a significant expansion of their successful desktop virtualization partnership into three strategic areas that include cloud orchestration, cloud networking, and mobile workstyles. The expanded collaboration will include a significant investment in people and resources to drive market-leading tech innovation, customer support, solution integration and validation, and joint go-to-market investment on a worldwide basis.

Chevron Corporation (NYSE:CVX): Word that Germany might lower its opposition to a bailout for Spain has allowed oil to trade around the highest level in a week in New York after industrial output increased more than had been forecast in the United States, says Reuters. The price for crude for November delivery was up by 2 cents at $92.11 per barrel in electronic trading on the New York Mercantile Exchange earlier Wednesday. The contract for Tuesday soared 24 cents to $92.09, marking the highest settlement since October 9th.

Don’t Miss: Here’s How the SEC Made Wall Street Analysts Happy.

General Electric Company (NYSE:GE) lost out in Tuesday’s Chapter 11 filing of A123 Systems (NASDAQ:AONE), says the Wall Street Journal. The former had made seven investments in A123 prior to its initial public offering in 2009 which amounted to $70 million, and its research head Mark Little is on A123’s board. The bankrupt firm’s second largest holder is GE Asset Management Inc., with a 4.32 percent interest stake, according to LionShares.com.

Hewlett-Packard Company (NYSE:HPQ): Worldwide notebook shipments should fall yearly by 0.8 percent this year prior to increasing by 5.9 percent in 2013, says DigiTimes. A projection by the Market Intelligence & Consulting Institute says that the decrease in 2012 is mostly due to tablet demand and the growth next year will be thanks to the launch of Windows 8 models and decreases in ultrabooks prices.

International Business Machines Corporation’s (NYSE:IBM) fifth straight quarterly revenue miss caused at least two brokerages to downgrade their ratings on its stock. The shares have been thought of as a bellwether for the worldwide enterprise information tech sector, but IBM’s third quarter revenue missed consensus, as customers postpone spending on big ticket items and also because of the stronger dollar.

Intel Corporation (NASDAQ:INTC) and Digital Keystone will partner with Zenverge in order to develop a powerful hybrid gateway reference platform which should be able to stream high-quality broadcast TV content to smartphones, smart TVs, tablets, game consoles along with other IP-connected devices.

The Walt Disney Company (NYSE:DIS) purchased Club Penguin five years ago and now the latter’s co-founder Lane Merrifield will step down, his exit being effective immediately, according to AllThingsD. Most recently, Merrifield has been executive vice president of Disney Online Studios.

Hewlett-Packard Company (NYSE:HPQ) is seeing declining demand in the PC market and has been passed by Lenovo Group (LNVGY) to become the world leader last quarter, which is a good reason for it to expand into smartphones, according to Bloomberg.

Catalysts are critical to discovering winning stocks. Check out our newest CHEAT SHEET stock picks now.

International Business Machines Corporation (NYSE:IBM) shares were down more than 5 percent Wednesday, subsequent to a report of weaker-than-anticipated revenue for a fifth straight quarter, along with its failure to increase its full-year 2012 guidance for the first time in the year. However, the firm backed current estimates of a minimum of $15.10 per share. Shares are lower among fears that it’s a victim of the same weak tech spending that is impacting other firms in the sector, according to Barron’s, which does not think that there is justification to immediately jump into the shares on weakness. Further, Barron’s Roundtable member Fred Hickey, who is editor of The High Tech Strategist newsletter, said that, “IBM is richly priced and it’s a good time to look for an exit.”

JPMorgan Chase & Co. (NYSE:JPM) affiliate J.P. Morgan Ventures Energy Corporation, or JPMVEC, responded to the Federal Energy Regulatory Commission’s Show Cause Order with a letter that reads in part, “At the outset, JPMVEC apologizes for putting the Commission in the position of even having to consider the issues in the Show Cause Order. JPMVEC understands how important it is that information submitted to the Commission be accurate and complete. JPMVEC believed it was discharging this obligation here, but it now is apparent that JPMVEC made mistakes. JPMVEC regrets those mistakes and the company and the individuals involved take full responsibility… This is not a case involving allegedly false statements about JPMVEC’s market activities, or falsified data. This is, instead, a case about statements made by JPMVEC concerning documents it had already produced in a timely fashion to the Commission…In view of the nature of those mistakes and the circumstances in which they were made, we respectfully submit that suspension of JPMVEC’s market-based rate authority is not an appropriate or proportionate response.”

The Boeing Company (NYSE:BA) has affirmed the timetable for the service launch of its 787-9 Dreamliner, which is a stretched-out version of the new jet, following American Airlines again reporting that its first delivery had been postponed past the year 2014 by “production issues.” Marc Birtel, a spokesman for Boeing, says that the aircraft is still set to reach its first customer in 2014, and the jet is scheduled for its maiden flight in the second half of next year.

Bank of America Corporation (NYSE:BAC) has posted third quarter revenues of $20.7 billion, which is down by 28 percent on the year. Subtracting DVA and FVO adjustments, revenues increased by 0.2 percent to $22.5 billion. Consensus had the firm set to generate revenues of $21.9 billion. BofA reported a net income of $340 million for the quarter. Following the payment of preferred dividends, the firm lost $33 million, or zero cents per share. Analysts had anticipated that the bank would post a loss of 7 cents per share, but those estimates covered a wide range.

Catalysts are critical to discovering winning stocks. Check out our newest CHEAT SHEET stock picks now.

Cisco Systems (NASDAQ:CSCO) and Citrix have extended their desktop virtualization collaboration to take on the challenges of mobility and networking and cloud computing, hoping to exploit what they think is a wider technological transition into mobile and cloud-based architectures. As part of the plan, the firms intend to join the Citrix NetScaler application delivery controller with other Cisco network and security services, like Wide Area Application Services and Adaptive Security Appliance (NYSE:ASA).

EI DuPont de Nemours & Co. (NYSE:DD) has accused Kolon Industries of stealing its secrets, according to CNBC.

Don’t Miss: As the Holiday Season Approaches, Retailers Are Scheming.

Microsoft Corporation (NASDAQ:MSFT), earlier in October, invited the media to its event set for October 29th. The Microsoft event, to occur in San Francisco, will be the official launch for its much-anticipated Windows Phone 8 platform. Meanwhile, Google has also sent invitations to the media for its own event to take place on the morning of October 29th the same day. The invite’s tagline reads, perhaps appropriately, “The Playground Is Open,” also noting that the event will be themed around Android. Thus far, these are the only clues supplied by Google as to what attendees might expect at the event.

The Travelers Companies (NYSE:TRV) has issued a statement that says, “We are very pleased with our strong results this quarter. Our underwriting performance reflected a GAAP combined ratio of 90.3 percent, which benefited from lower weather-related losses as well as the rate gains we have achieved during the past year. Net investment income benefited from strong results in our non-fixed income portfolio. We are also very pleased with our continued execution in the marketplace, noting in particular that we once again achieved written rate gains across each of our segments.”

Verizon Communications (NYSE:VZ) sold 3.1 million iPhones in the last quarter, but only 651,000 were the new iPhone 5. Apple’s iPhone 5 supply difficulties were blamed for this, rather than lack of demand, and the amazingly low number of iPhone 5s sold during their first week off of store shelves. The smartphone went on sale on September 21st, which was 10 days before the end of the third quarter, but Wall Street analysts still figured on an iPhone 5 sales number nearly twice as high as the one seen in actuality.

Amazon.com(NASDAQ:AMZN) is seeing hard times in its foray into the publishing business, says the Wall Street Journal. Not helping is Barnes & Noble’s (NYSE:BKS) boycott because of Amazon’s decision to limit some authors and publishers to arrangements that will allow their books to be available only to Amazon customers.

Investing Insights: Verizon Earnings: Here’s Why Investors Are Bidding Shares Up.

Merck & Co. (NYSE:MRK): The medical product Isentress received a positive opinion from the Committee for Medicinal Products for Human Use, or CHMP, which recommends a variation to its terms of the marketing authorization for the product. Merck Sharp & Dohme holds the marketing authorization holder for Isentress, and may request a reexamination of the CHMP opinion, assuming that they notify the European Medicines Agency in writing of their intention within 15 days of receipt of the opinion. The extension adopted by the Committee is to add two new strengths and a new pharmaceutical form, 25 mg and 100 mg chewable tablets, to the existing array of products. Further, the Committee adopted the following change to an indication: “Isentress is indicated in combination with other anti-retroviral medicinal products for the treatment of human immunodeficiency virus infection in adults, adolescents, and children from the age of 2 years.”

Microsoft Corporation (NASDAQ:MSFT) on Thursday said that sales from its Windows unit plummeted 33 percent in the most recent quarter, but all was not grim as pre-sales of Windows 8 were nearly $800 million, which was 40 percent higher than comparable pre-sales for the successful Windows 7 operating system. The company’s overall revenues for its fiscal first quarter that ended September 30th were $16.01 billion, which was down 7.8 percent year-over-year and missed consensus of $16.42 billion. Net income stood at $4.47 billion, as earnings per share slid by 7.9 percent year-over-year to 63 cents. An earnings per share of 68 cents had been forecast by analysts polled by Thomson Reuters.

AT&T (NYSE:T, which is the biggest phone company in the United States, reported on Friday that it is seeking government approval to contribute an investment in its wireless division worth $9.5 billion to the trust which pays pension benefits for its 360,000 retirees. The pension plan had been underfunded by approximately $10.2 billion at the end of 2011. If the Department of Labor approves the transfer, most of that liability would be removed as the company switches equity from shareholders to the fund.

The Travelers Companies (NYSE:TRV): The chairman of the U.S. Commodity Futures Trading Commission has been sent a letter from financial officials in the United Kingdom, France and Japan in opposition to proposed rules which would force overseas swaps dealers to register with the Commission in order to trade with any American institution or its overseas affiliates, says The Financial Times. Regulators in Hong Kong, Singapore, Australia and Japan had previously made clear their worries over being faced with two sets of overlapping and conflicting regulations in the United States and in their home countries.

Bank of America Corporation (NYSE:BAC): The chairman of the U.S. Commodity Futures Trading Commission has been sent a letter from financial officials in the United Kingdom, France and Japan, in opposition to proposed rules which would force overseas swaps dealers to register with the Commission in order to trade with any American institution or its overseas affiliates, says The Financial Times. Regulators in Hong Kong, Singapore, Australia and Japan had previously made clear their worries over being faced with two sets of overlapping and conflicting regulations in the United States and in their home countries.

General Electric Company (NYSE:GE), which is the biggest domestic industrial group by market capitalization, posted a 7 per cent increase in pre-tax profits and earnings in line with consensus, but also reported a slower-than-anticipated growth in revenues. Additionally, the company saw a decline resulting from sharply falling demand for wind turbines. Pre-tax profits were $4.03 billion in the third quarter, on revenues up 3 per cent at $36.3 billion.

Home Depot (NYSE:HD) and Lowe’s Companies shares are luring investment during signs that the recovery in the housing market is getting traction. The Standard & Poor’s 500 Home Improvement Retail Index, which is comprised of these two firms, has risen around 13 percent since August 20th, in contrast to the S&P 500’s 2.8 percent gain. Before this recent rally, the home-improvement shares closely matched the market, while lagging the broader index by 1.7 percent in the four months before.

Investing Insights: General Electric: Competitors Must Watch These Earnings Drivers.

Hewlett-Packard Company (NYSE:HPQ): Microsoft Corporation’s (NASDAQ:MSFT) Surface RT tablets should place large competitive pressure on Windows 8 tablets from firms such as Dell (NASDAQ:DELL), according to DigiTimes. Taiwan-based notebook supply chain makers report that Windows RT and Windows 8 will have an opportunity to become the third force in the tablet campaign.

Intel Corporation’s (NASDAQ:INTC) results this week this week indicated margins that were under pressure and quarterly reports on Thursday by Microsoft and Advanced Micro Devices (NYSE:AMD) emphasized how worldwide economic weakness and the transition away from PCs to handheld electronics are is squeezing sales of the former, according to Bloomberg.

Catalysts are critical to discovering winning stocks. Check out our newest CHEAT SHEET stock picks now.

JPMorgan Chase & Co. (NYSE:JPM): The chairman of the U.S. Commodity Futures Trading Commission has been sent a letter from financial officials in the United Kingdom, France and Japan in opposition to proposed rules which would force overseas swaps dealers to register with the Commission in order to trade with any American institution or its overseas affiliates, says The Financial Times. Regulators in Hong Kong, Singapore, Australia and Japan had previously made clear their worries over being faced with two sets of overlapping and conflicting regulations in the United States and in their home countries.

McDonald’s Corporation (NYSE:MCD) reported on Friday that its third quarter net income slid almost 4 percent as the stronger dollar impacted international results while the chain faced tough competition in the United States. Typically, the company with 33,000 locations globally has thrived in good and bad times by selling cheap food and constantly updating its menu.

Investing Insights: Is Starbucks a Buy?