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Longbow Research analyst Chris Dankert questions about cannibalization of parts, especially in oil field. $AIT says that on the amount of tilted rigs, cannibalization still exists, but to a lesser extent. $AIT sees rig counts moving up from April to Aug., so as they come back, some are refurbished with existing parts and some need demand coming up.
Visa ($V) set to release it earning after market close today. With new CEO resigning so close to the earnings, should we expect to see any surprises? Visa has been making strong moves with Visa Europe acquisition, partnership with PayPal and a 15% increase if quarterly dividends.
Kimberly Clark Corp ($KMB) has been in decline for most of the year, the stock has also not been getting any analyst love. Will today’s earnings break the trend? Revenue has been up and down in the last four quarters, let us see what this quarter brings.
$KMB down close to 4% after it misses on earnings and revenue. Forecasts are lower for the year.