Wal-Mart Ahead of Earnings and 3 DJIA Stocks Making Waves Now
3M Co. (NYSE:MMM): Pursuant to an agreement with the Defense Department and the Veterans’ Affairs Department, 3M Health Information Systems will open access to the 3M Healthcare Data Dictionary, which will provide the core technology to enable semantic interoperability for the joint DoD/VA integrated Electronic Health Record making it possible to share medical knowledge and secure patient data between care providers at U.S. military treatment facilities located worldwide and Veterans Affairs Medical Centers.
Investing Insights: 4 Hot Chinese Internet Stocks Are Heating Things Up.
United Technologies Corp.’s (NYSE:UTX) $16.billion purchase of aircraft components maker Goodrich (NYSE:GR), may be approved no later than August 31st, as European Union anti-trust officials extend their decision period on the matter by three weeks.
Verizon Communications Inc. (NYSE:VZ): More details will need to be supplied to the FCC by Verizon Wireless (VZ, VOD), on its proposal to divest some wireless spectrum if and when regulators approve its plan to purchase another set of airwaves for $3.9 billion. The agency has set May 22nd as the deadline for additional information on the connection on the two deals.
Wal-Mart Stores Inc.’s (NYSE:WMT) release of its first quarter earnings numbers is scheduled for a 7AM conference call on Thursday. First Call says that analysts expect earnings per share of $1.04 on revenue of $110.50 billion, which is in-line with consensus ranges of $1.02 to $1.08, and $109.26 billion to $112.79 billion. Following its fourth quarter earnings, WMT supplied a first quarter earnings per share forecast of $1.01 to $1.06, with the comment that it was in a “great position” for fiscal year 2013, noting that its “very pleased” with its sales and growth so far in the first quarter with continued momentum in February and March. WMT’s dividend was raised to $1.59 for the previous quarter, and goals were announced for the reinforcement of its existing divisions in China, Brazil, and Canada, but this was prior to the revelations concerning the alleged bribery to Mexican officials. Investors will be listening for updates on that situation, and for information on the company’s reactions to the charges. Although Moodys says that the inquiry has no immediate impact on Wal-Mart’s ratings, it was downgraded to Hold at Argus.
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