24/7 Wall St. » MET

America’s Shrinking Corporate Giants

247wallst — Mon, 06 Feb 2012 11:48:06 +0000

It is rare for one of America’s largest companies to lose a third or more of its sales in a brief time. When it happens, it is usually either because of market or economic forces, or because of a designed refocusing. 24/7 Wall St. identified the eight largest American companies whose revenue fell the most in the past five years and analyzed the reasons behind the drops.

Read America’s Ten Shrinking Corporate Giants

Large companies can lose a significant amount of their revenues because they get into a great deal of financial trouble. A company may lose part of its customer base quickly because of economic forces, or it may be part of a financial catastrophe. As a result, the company’s revenue declines, and it begins to post large losses. In cases like these, companies often are forced to sell divisions to fund their survival. Alternatively, companies may close some of their operations that drain capital. General Motors and Citigroup are good examples of this category. Each moved from relative prosperity to difficulty in a very short period.

The other reason large companies shrink quickly is by design. The management of a corporation created by merger or acquisition activity may find that some of its pieces no longer fit together. One division may grow at a much higher or slower rate compared to others. Also, the way the stock market values one part of a large corporation may change because it is in a category Wall Street no longer favors. That, in turn, becomes a burden on the stock price of the entire enterprise. Telecom hardware company Motorola Solutions and media giant Time Warner fall into this category. Each is smaller than it was five years ago because it spun out a major business.

24/7 Wall St. used Capital IQ to screen the largest companies in America based on total revenue in 2006. We then screened for those that had the largest drops in total revenue between 2006 and 2010. Most of the eight companies on this list lost a third of their total revenue over the period, and some lost more than half. The list is ranked by total revenue loss from greatest to least.

This is 24/7 Wall St.’s list of America’s Shrinking Corporate Giants

Filed under: Special Report Tagged: AIG, AOL, BAC, F, GM, GOOG, GS, HD, KFT, MET, MMI, MSI, PM, PRU, TTM

The 24/7 Wall St. 2012 Model Dividend Portfolio (AEP, AWK, T, GE, GOV, KMB, SNH, WMT, JNK, AMJ, AMLP, PGF, MO, DLR, EPD, KMP)

Administrator — Thu, 05 Jan 2012 19:41:33 +0000

It seems that most investors have started adding income or dividend reinvestment plans to their portfolios by using dividend stocks. With the yields of the 10-Year Treasury close to 2% and the 30-Year Treasury close to 3%, investors are looking elsewhere for investment income. 24/7 Wall St. has compiled its own 2012 Model Dividend Portfolio. It has some new names and some deletions from prior dividend lists due to price appreciation or fundamental changes.

It turns out that many stocks with high dividend yields are now more attractive than sovereign debt in the U.S. and abroad. Part of the allure, besides income or reinvestment, is that dividend stocks often hold up better than other investments during jittery markets. It is hard to imagine, but the high-yield utility sector was one of the top performers of the S&P in 2011. In some cases, half of an investor’s total return through time may come from dividends. Warren Buffett generally picks dividend-paying companies for Berkshire Hathaway Inc. (NYSE: BRK-A) after following some of the principles of Benjamin Graham.

The 24/7 Wall St. 2012 Model Dividend Portfolio includes the following stocks: American Electric Power Co., Inc. (NYSE: AEP); American Water Works Company, Inc. (NYSE: AWK); AT&T, Inc. (NYSE: T); General Electric Co. (NYSE: GE); Government Properties Income Trust (NYSE: GOV); Kimberly-Clark Corporation (NYSE: KMB); Senior Housing Properties Trust (NYSE: SNH); and Wal-Mart Stores Inc. (NYSE: WMT).

While exchange-traded products have been avoided in the past, recent trends merit a look at the open-end or closed-end mutual funds and ETF products as follows: SPDR Barclays Capital High Yield Bond (NYSE: JNK); JPMorgan Alerian MLP Index ETN (NYSE: AMJ); ALPS Alerian MLP ETF (NYSE: AMLP); and PowerShares Financial Preferred (NYSE: PGF).

Lastly, there have been some exits due to upside price performance: Altria Group Inc. (NYSE: MO); Digital Realty Trust Inc. (NYSE: DLR); Enterprise Products Partners LP (NYSE: EPD); and Kinder Morgan Energy Partners LP (NYSE: KMP).

We have described the features and outlook for each component of our Model Dividend Portfolio.

Filed under: Bonds, Compensation, Conglomerates, Corporate Governance, Dividend, Editor's Picks, ETF, Mutual Funds, Oil & Gas, Shareholder Issues, Special Report, Stock Buybacks, Tax, Tobacco, Utilities, Value Investing Tagged: AEP, AMJ, AMLP, AWK, BAC, BRK-A, DLR, EPD, GE, GOV, HBC, INTC, JNK, JPM, KMB, KMP, MET, MO, PGF, SNH, T, VZ, WFC, WMT

Media Digest (12/28/2011) Reuters, WSJ, FT, Bloomberg

247wallst — Wed, 28 Dec 2011 11:24:29 +0000

Obama nominates Jeremy Stein and Jerome Powell to take seats at the Federal Reserve. (Reuters)

New York Times (NYSE: NYT) sells its regional media group for $143 million. (Reuters)

The U.S. Treasury declines to label China a currency manipulator. (Reuters)

Research firm ForeSee says that Gap (NYSE: GPS) and Netflix (NASDAQ: NFLX) have poor online service. (Reuters)

Data shows that consumer confidence is up while home prices fall. (Reuters)

General Electric (NYSE: GE) buys MetLife’s (NYSE: MET) online bank. (Reuters)

A plan to revive Sears Holdings (NASDAQ: SHLD) falters as holiday sales drop and the firm says it will close up to 120 stores. (WSJ)

Two KKR (NYSE: KKR) executives resign from the board of Eastman Kodak (NYSE: EK). (WSJ)

Samsung and Sharp agree to fines for price fixing — charges were brought by New York state. (WSJ)

A drop in housing prices could hurt the U.S. jobs market. (WSJ)

Two-thirds of companies that went public in the U.S. this year trade below their IPO prices. (WSJ)

A U.S. judge sets aside a previous decision that would prevent BP (NYSE: BP) from drilling in Alaska. (WSJ)

China cuts its export expectations for rare earths for next year. (WSJ)

The SEC may get a federal appeals court to consider its blocked settlement with Citigroup (NYSE: C) over fraud charges. (WSJ)

Banks put 412 billion euros with the European Central Bank over Christmas. (FT)

The Carlyle Group returns $15 billion to investors so far this year. (FT)

Oil prices rise as Iran threatens to curtail shipments. (FT)

Apple (NASDAQ: AAPL) shareholders may be hurt by a series of patent wars. (Bloomberg)

A pending deal to merge NYSE Euronext (NYSE: NYX) and Deutsche Boerse gets an extension from regulators. (Bloomberg)

Internet IPOs could hit a level in 2012 not seen since 1999. (Bloomberg)

Douglas A. McIntyre

Filed under: Press Digest Tagged: AAPL, BP, C, EK, GE, GPS, KKR, MET, NFLX, NYX, SHLD

Best Ideas For 2012: Mostly Dividends & Value (BRK-A, CMCSA, FCX, MET, PG, STX, RDS.A, VOD, SNY, AAPL, GOOG, IBM)

Administrator — Tue, 13 Dec 2011 17:59:17 +0000

This last weekend brought the first waves of picks for 2012. Barron’s issued its “10 Favorite Stocks For 2012″ and the stocks were just about all lower on Monday with a very weak stock market. The common investment themes for a 2012 list were healthy dividends and low price/earnings ratios.

Barron’s listed Berkshire Hathaway Inc. (NYSE: BRK-A), Comcast Corporation (NASDAQ: CMCSA), Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX), Metlife, Inc. (NYSE: MET), and Procter & Gamble (NYSE: PG). The list also includes some ADRs via Seagate Technology PLC (NASDAQ: STX), Royal Dutch Shell (NYSE: RDS.A), Vodafone Group PLC (NYSE: VOD), Sanofi (NYSE: SNY), and Daimler (DDAIF).

The aim was companies with low P/E ratios, somewhat high dividends, and companies with an expected upside of potentially 15% to 20%. This won’t excite many investors. Apple Inc. (NASDAQ: AAPL) was not in the list nor was Google Inc. (NASDAQ: GOOG). Neither pays a dividend, but both have relatively low P/E ratios considering the recent growth (14 for Apple and about 17 for Google). If you use the Thomson Reuters consensus analyst price target, Apple has 29% upside and Google has 16% upside.

Berkshire Hathaway Inc. (NYSE: BRK-A) is interesting now that it has added International Business Machines Corporation (NYSE: IBM) and Intel Corporation (NASDAQ: INTC) to its portfolio. IBM yields a low 1.5% today and is buying back stock despite trading at all-times highs. The company’s goal is $20.00 in earnings per share by 2015. Intel just warned about a large revenue shortfall but its dividend yield is now about 3.5%.

Comcast Corporation (NYSE: CMCSA) is actually still interesting because of its growth and value and because it is changing its mix to include content. The 2% yield is one which has room for further dividend growth and the cable giant’s share price actually offers almost 30% to the Thomson Reuters consensus price target.

Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) and Seagate Technology PLC (NASDAQ: STX) are both very opportunistic calls. Hard disk drive troubles around the globe, a prior discount to highs, and a dividend north of 4% helped Seagate. Freeport-McMorRan is an opportunistic call now that global growth has brought down shares of metals companies drastically. It has a 2.5% yield, which is not bad for a metals company, and at $39.00 the Thomson Reuters consensus price target is actually 30% higher than the current share price.

Perhaps the ADRs and European plays of Daimler (DDAIF), Royal Dutch Shell (NYSE: RDS.A), Sanofi (NYSE: SNY) and Vodafone Group PLC (NYSE: VOD) are opportunistic around the weakness of Europe today. After all, if the Euro Zone continues its downward trajectory and with the Euro currency at an 11-month low it would seem that the article could blame a worsening effect if these positions do not work out.

24/7 Wall St. has recently announced a couple of key lists with predictions and expected upside. Our DJIA Stocks Soon To Raise Dividends has already seen some come to fruition even sooner than expected, and we have released to our free email subscribers the 24/7 Wall St. 2012 Model Dividend Portfolio.

If you want to receive the full 24/7 Wall St. 2012 Model Dividend Portfolio you can sign up in the email submission below. Each morning we send our free email list subscribers a snapshot of the key feature stories, the top daily analyst upgrades and downgrades, previews for key events, and many other aspects governing your finances.

Barron’s noted a 6.9% drop so far in 2011 for its Favorite Stocks for 2011 versus a 1.9% drop in the S&P 500 Index.

JON C. OGG

Filed under: Analyst Calls, Defensive Stocks, Dividend, Editor's Picks, Value Investing Tagged: AAPL, BRK-A, CMCSA, FCX, GOOG, IBM, MET, PG, RDS-A, SNY, STX, VOD

Most Valuable Stadiums in America

Mike Sauter — Wed, 30 Nov 2011 11:36:12 +0000

Corporations can spend hundreds of million dollars just so they can put their name on a major league sports stadiums. 24/7 Wall St. looked that the 13 largest stadium-naming rights deals and found several unrelated reasons for these extraordinary investments.

Most major league sports stadiums get substantial public exposure. Fans see the name while attending the games. In many cities, the arenas are a major landmark. They can be spotted, along with their emblazoned names, for miles around from the ground or the air. Then there are the nationally and internationally televised games when millions of people around the country — and sometimes the world — see and hear the sponsor company’s name as announcers refer to the venue. Over the 20-year lifespan of a naming rights deal, tens of millions of people see and hear the sponsor’s name over and over.

Read: The Most Valuable Stadiums in America

Some of the stadium sponsors on the 24/7 Wall St. list are headquartered in the same city as the sports venue. This is the case with American Airlines in Dallas. The airline gets local exposure in its home city. And because the airline is international, the fact that the stadium’s name appears on television and in sports promotions further extends awareness of the airline’s brand. American has spent $195 million on a 30-year naming rights deal to the basketball and hockey arena in Dallas. It is impossible to say whether that amount is too high or too low. But that is also true of most advertising and branding the carrier does.

Some of the stadium names are actually more for local or regional exposure than national or international branding. This is the case with Reliant Stadium in Houston, which is named for the local electrical and energy service company. While Reliant’s parent company, NRG (NYSE: NRG), is a Fortune 500 corporation and has no need for local branding, it must believe there is a value to Reliant’s brand promotion. It has 1.5 million customers in the Texas.

The final reason for purchasing naming rights is personal. Lucas Oil purchased naming rights to the football stadium in Indianapolis mostly because founder Forrest Lucas was born there. The company actually provides oil and performance car products, and it also sponsors a number of sports cars. It is easier to see why a car oil company would do auto branding rather than have its name on a stadium. But Lucas has the wealth to put his name on almost anything he pleases, as long as the branding rights are available.

It is impossible for a company to determine the return on investment it makes when it attaches its name to a stadium for an amount that is often more than $100 million with a term of several decades. The sponsor has no way of telling whether the teams that use the stadiums will do well, or whether attendances will remain high. But like many forms of branding, it is part of a larger strategy to keep the name of a product, or a company, in the consumers’ minds. One way to accomplish that is to put it in front of the millions of people who see the stadium in person or in the media.

Filed under: Accounting, Research, Special Report Tagged: AMR, BAC, BCS, C, ERIC, FDX, MET, NRG, PHG, TD

Media Digest (10/26/2011) Reuters, WSJ, NYTimes, FT, Bloomberg

247wallst — Wed, 26 Oct 2011 10:20:28 +0000

A deal to rescue the EU’s weak nations has stalled over political differences and objections by banks. (Reuters)

IBM (NYSE: IBM) appoints Virginia Rometty as its new CEO. (Reuters)

Amazon.com (NASDAQ: AMZN) earnings fail to meet forecasts and the stock falls. (Reuters)

The chairman and CEO of Olympus leaves after charge of improper payments for M&A deals. (Reuters)

Iron ore prices drop sharply as China demand falters. (Reuters)

Washington regulators may cut requirements for data from hedge funds. (Reuters)

Nintendo expected to post a $1.3 billion loss. (Reuters)

SAP (NYSE: SAP) may buy back shares as its cash grows. (Reuters)

Groupon to sell shares at a valuation of five times 2012 sales. (Reuters)

Yahoo! (NASDAQ: YHOO) increases its effort to find a new CEO. (WSJ)

The Agriculture Department expects food prices to rise 3.5% to 4.5% this year. (WSJ)

Retailers will suffer as more customers buy tablets direct from Amazon and Apple (NASDAQ: AAPL). (WSJ)

Large industrial firms like 3M (NYSE: MMM) cut inventory as their concerns about the economy grow. (WSJ)

BP (NYSE: BP) says its turnaround is well underway. (WSJ)

First Solar (NASDAQ: FSLR) CEO steps down, shares fall. (WSJ)

The Federal Reserve turns down Met Life’s (NYSE: MET) request to increase its dividend. (WSJ)

Ford (NYSE: F) results should show that its restructuring is over and it is close to issuing a dividend. (WSJ)

Twitter and the TV business will help one another expand. (NYT)

EU leaders continue to press banks to take huge write-offs on Greek debt holdings. (NYT)

A euro summit may offer no deal to support Greece’s debt load. (FT)

Shale gas increases mergers among U.S. energy firms. (FT)

EU banks that cut assets say their ability to lend has been compromised. (Bloomberg)

Douglas A. McIntyre

Filed under: General Tagged: AAPL, AMZN, BP, F, FSLR, IBM, MET, MMM, SAP, YHOO

The 24/7 Wall St./Flame Index: Companies With The Most Bad Press (7/25)

247wallst — Mon, 25 Jul 2011 13:39:39 +0000

Coca-Cola (NYSE: KO) has been hurt by high commodities prices.

Microsoft (NASDAQ: MSFT) and Intel (NASDAQ: INTC) damaged by drop in PC sales worldwide.

The Flame Index started as a research tool in 2008 at the NY Innovation Design Lab (nyidlab). It was used as a general metric to evaluate companies and their risk in the media. Publicly traded Fortune 500 companies are used as a measure to calculate an overall market of negative news and the companies are ranked within that market

Rank	Company	Ticker	Score	Change in Rank	Comments
6	Coca-Cola	KO	29.72	+600	Hit by commodities price increases
9	Autoliv	ALV	27.187	+177	Earnings too modest
19	Texas Instruments	TXN	22.946	+97	Worries about earnings
22	Microsoft	MSFT	22.567	+141	PC sales hurt bottom line
24	MetLife	MET	21.549	+55	Pay $3 billion for LNG Latin America
28	Cypress Semiconductor	CY	20.505	+111	No one impressed by earnings
33	Activision Blizzard	ATVI	19.904	+143	Damage from more games moving online
37	Walt Disney	DIS	19.487	+695	Captain America kills Harry Potter
38	Intel	INTC	19.474	+744	PC sales falloff will eventually hammer earnings
45	ConocoPhillips	COP	18.625	+408	Company being broken in two

Data and ranking provided by the Flame Index.

Filed under: General, Research Tagged: ALV, ATVI, COP, CY, DIS, INTC, KO, MET, SFT, TXN

Top Analyst Upgrades & Downgrades (ACN, CATO, FVE, FIG, HCBK, MET, SHLD, SINA, SPRD, VIV, THI)

Administrator — Mon, 27 Jun 2011 12:03:55 +0000

These are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street research calls this Monday morning.

Accenture plc (NYSE: ACN) Reiterated Buy and Raised target at Argus.
Cato Corporation (NYSE: CATO) Reiterated Strong Buy as Value at Zacks.
Five Star Quality Care Inc. (NYSE: FVE) Started as Buy at Jefferies.
Fortress Investment Group (NYSE: FIG) Started as Outperform with $7 target at Credit Suisse.
Hudson City Bancorp, Inc. (NASDAQ: HCBK) Raised to Market Perform at FBR.
MetLife Inc. (NYSE: MET) Reiterated Buy at Argus.
Sears Holding Corp. (NASDAQ: SHLD) Maintained Underperform as Bear of the Day at Zacks.
Sina Corporation (NASDAQ: SINA) Raised to Neutral at Goldman Sachs.
Spreadtrum Communications Inc. (NASDAQ: SPRD) Reiterated Buy at BofA/ML.
Telesp S.A. (NYSE: VIV) Raised to Outperform as Bull of the Day at Zacks.
Tim Hortons Inc. (NYSE: THI) Started as Buy at BofA/ML.

You are invited to join our free daily email distribution list to hear more about analyst upgrades and downgrades, top day trader and active trader alerts, dividend trends, news on Buffett and other investment gurus, IPOs, secondary offerings, private equity, and more.

JON C. OGG

Filed under: Analyst Calls Tagged: ACN, CATO, FIG, FVE, HCBK, MET, SHLD, SINA, SPRD, THI, VIV

Top Analyst Upgrades & Downgrades (AONE, ACM, ALXN, AEP, LFC, CLNE, COP, CVA, CREE, ENOC, FXCM, IRM, MET, NYX, PCLN, SD, LEDS, VLO, WFSL)

Administrator — Tue, 17 May 2011 12:23:08 +0000

These are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street research calls this Tuesday morning.

A123 Systems, Inc. (NASDAQ: AONE) Raised to Buy at BofA/ML.
AECOM Technology Corporation (NYSE: ACM) Raised to Buy at Argus.
Alexion Pharmaceuticals, Inc. (NASDAQ: ALXN) Kept at Buy but Removed from Conviction Buy List at Goldman Sachs.
American Electric Power Co., Inc. (NYSE: AEP) Raised to Buy at BofA/ML.
China Life Insurance Co. Ltd. (NYSE: LFC) Raised to Neutral at Credit Suisse.
Clean Energy Fuels Corp. (NASDAQ: CLNE) Cut to Underperform at BofA/ML.
ConocoPhillips (NYSE: COP) Reiterated Buy and $95 target at Argus.
Covanta Holding Corporation (NYSE: CVA) Raised to Buy at BofA/ML.
Cree Inc. (NASDAQ: CREE) Cut to Underperform at BofA/ML.
EnerNOC, Inc. (NASDAQ: ENOC) Cut to Underperform at BofA/ML.
FXCM Inc. (NYSE: FXCM) Cut to Sell at Citigroup.
Iron Mountain Inc. (NYSE: IRM) Started as Buy at Stifel Nicolaus.
MetLife Inc. (NYSE: MET) Reiterated Buy with $54 target at Argus.
NYSE Euronext Inc. (NYSE: NYX) Cut to Hold at Argus.
Priceline.com Inc. (NASDAQ: PCLN) Maintained Outperform as Bull of the Day at Zacks.
SandRidge Energy, Inc. (NYSE: SD) Started as Neutral at Baird; Started as Outperform at Morgan Keegan.
SemiLEDS Corporation (NASDAQ: LEDS) Cut to Underperform at BofA/ML.
Valero Energy Corporation (NYSE: VLO) Maintained Strong Buy as Value at Zacks.

Washington Federal Inc. (NASDAQ: WFSL) Cut to Underperform as Bear of the Day at Zacks.

JON C. OGG

Filed under: Analyst Calls Tagged: ACM, AEP, ALXN, AONE, CLNE, COP, CREE, CVA, ENOC, FXCM, IRM, LEDS, LFC, MET, NYX, PCLN, SD, VLO, WFSL

Top Earnings Previews for Wednesday (AGN, AOL, GRMN, GG, JDSU, MET, NWS-A, PCG, TSLA, TWX, RIG, VG, WFMI)

Administrator — Tue, 03 May 2011 19:56:05 +0000

This week marks the beginning of the end of corporate earnings season for the first quarter of 2011. Many off-calendar quarters will be seen starting next week or the week after. Wednesday is a big earnings day and we have compiled some previews for the following: Allergan Inc. (NYSE: AGN); AOL Inc. (NYSE: AOL); Garmin Ltd. (NASDAQ: GRMN); Goldcorp Inc. (NYSE: GG); JDS Uniphase Corporation (NASDAQ: JDSU); MetLife Inc. (NYSE: MET); News Corp. (NASDAQ: NWSA); PG& E Corp. (NYSE: PCG); Tesla Motors, Inc. (NYSE: TSLA); Time Warner Inc. (NYSE: TWX); Transocean Ltd. (NYSE: RIG); Vonage Holdings Corporation (NYSE: VG); and Whole Foods Market, Inc. (NASDAQ: WFMI).

Allergan Inc. (NYSE: AGN) is due Wednesday morning and shares were down 2.3% at $78.52 late on Tuesday. Thomson Reuters has estimates of $0.74 EPS and $1.22 billion in revenues; next quarter estimates are $0.92 EPS and $1.32 billion in revenues. Thomson Reuters has a consensus price target objective of $80.75 and the 52-week trading range is $56.26 to $80.70.

AOL Inc. (NYSE: AOL) is due Wednesday morning. Thomson Reuters has estimates of $0.17 EPS and $536.35 million in revenues; next quarter estimates are $0.22 EPS and $521.22 million in revenues. The shares were trading around $20.30 late on Tuesday. Thomson Reuters has a consensus price target of $24.77 and the 52-week trading range is $18.51 to $27.65.

Garmin Ltd. (NASDAQ: GRMN) has managed to hold up despite competition and changing demand concerns. The stock was around $33.50 late on Tuesday with earnings early Wednesday morning. Thomson Reuters has estimates of $0.33 EPS and $413.09 million in revenues; next quarter estimates are $0.65 EPS and $637.04 million in revenues. Thomson Reuters has a consensus price target objective of $31.53 and the 52-week trading range is $26.11 to $39.05.

Goldcorp Inc. (NYSE: GG) may trade around gold more than earnings. Shares were down 3.3% late in the day at $51.00. Thomson Reuters has estimates of $0.48 EPS and $1.26 billion in revenues; next quarter estimates are $0.53 EPS and $1.36 billion in revenues. Thomson Reuters has a consensus price target objective of $64.50 and the 52-week trading range is $38.07 to $56.20.

JDS Uniphase Corporation (NASDAQ: JDSU) will come Wednesday afternoon and shares have come back to about $20.25. Thomson Reuters has estimates of $0.20 EPS and $448.17 million in revenues; next quarter estimates are $0.25 EPS and $470.18 million in revenues. Thomson Reuters has a consensus price target objective of $24.74 and the 52-week trading range is $9.05 to $29.12.

MetLife Inc. (NYSE: MET) is due Wednesday morning and Thomson Reuters has estimates of $1.26 EPS and $15.89 billion in revenues. Shares were around $46.32 late Tuesday and Thomson Reuters has a consensus price target objective of $55.44 and the 52-week trading range is $35.38 to $48.72.

Filed under: Calendar, Earnings Tagged: AGN, AOL, GG, GRMN, JDSU, MET, NWS-A, PCG, RIG, TSLA, TWX, VG, WFMI