The Zacks Analyst Blog Highlights: Cummins, Kellogg, Merck, Dow Chemical and International Paper

For Immediate Release

Chicago, IL – February 3, 2012 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Cummins ( CMI - Analyst Report), Kellogg ( K - Analyst Report), Merck ( MRK - Analyst Report), Dow Chemical ( DOW - Analyst Report) and International Paper ( IP - Analyst Report).

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Here are highlights from Thursday’s Analyst Blog:

Mixed Earnings, Steady Jobless Claims

Investors will be weighing favorable headlines out of Europe following successful bond auctions in Spain and Italy, against a mixed earnings picture on the home front as a number of major companies came out with underwhelming results. And in the run-up to tomorrow’s January non-farm payroll report, we got a better-than-expected Initial Jobless Claims reading, highlighting the steadily improving labor market trend.
 
Initial Jobless Claims dropped a better-than-expected 12K last week to 367K. The four-week average, which smooths out the week-to-week fluctuation, dropped by 2K to 375.8K, maintaining its downtrend of recent weeks. This key data series witnessed some sharp volatility in recent weeks, but appears to be back on its downtrend. The favorable jobless claims reading today is welcome, but everybody’s focus is on Friday’s government jobs report, which is expected to show gains of about 130K in January.
 
This morning’s earnings reports present a mixed picture, with numerous negative surprises from major companies offsetting the strong  reports. On the positive side, Cummins ( CMI - Analyst Report) handily beat earnings and revenue expectations and reaffirmed guidance. Cereal maker Kellogg ( K - Analyst Report) also came ahead of EPS and revenue expectations. Drug maker Merck ( MRK - Analyst Report) beat EPS expectations, but came short on the revenue side.
 
We also have weaker-than-expected results from Dow Chemical ( DOW - Analyst Report), with the nation’s largest chemicals company citing inventory de-stocking and weakness offsetting continued strength in emerging markets and a rebound in the U.S. International Paper ( IP - Analyst Report) also missed EPS and revenue expectations on weakness in its printing paper unit.

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Read the full analyst report on CMI

Read the full analyst report on K

Read the full analyst report on MRK

Read the full analyst report on DOW

Read the full analyst report on IP