Stocks In Focus: BP, RIMM, UAUA, TRBN
Tuesday, June 15, 2021 8:18 AM

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Fitch Ratings agency on Tuesday slashed BP PLC's (NYSE: BP) credit rating by six notches from "AA" to "BBB", citing worries over the impact of the catastrophic Gulf of Mexico oil spill. "The scale of today's rating action has been partly driven by the increased risk that the balance between long-term and near-term cost payments may now be skewed much more heavily towards the near-term than previously anticipated," Fitch said.

BlackBerry maker Research In Motion Ltd. (NASDAQ: RIMM) is readying a slate of new devices and software as it looks to keep its smartphone from losing more ground to touch-screen devices like Apple Inc.'s (NASDAQ: AAPL) iPhone and iPad, the Wall Street Journal reported on Tuesday.

In a filing with the Securities and Exchange Commission, United Airlines parent company UAL Corp. (NASDAQ: UAUA) said late Monday that it expects second-quarter consolidated passenger unit revenue to rise by 26% to 27% when compared to the same period last year. Non-fuel unit costs, or costs per available seat mile, are expected to climb 3.2% to 3.7%, the company said. Second-quarter capacity is projected to increase by 0.9%. The carrier said that it expects to end the second quarter with an unrestricted cash balance of approximately $4.8 billion, compared to $3.5 billion at the end of the first quarter. 

Trubion Pharmaceuticals Inc. (NASDAQ: TRBN) said late Monday that its partner Pfizer Inc. (NYSE: PFE) will continue developing one of its rheumatoid arthritis drug candidates but will stop development of another after it failed to meet the main goal of a mid-stage trial. "Given the higher than usual placebo response, TRU-015, did not meet the internal hurdle for continued development," Trubion Chief Medical Officer Scott Stromatt said.

Disclosure: Author doesn’t own any of the stocks discussed here.

 

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    Closest Estimates

User SymbolConsen EPSEstimate EPSActual EPS
Jim OPNT$0.10$0.09$0.07
XXXXX MNT$0.33$0.33$0.35
XXXXX OPNT$0.10$0.05$0.07
XXXXX PETM$0.33$0.33$0.34
XXXXX JBX$0.70$0.82$0.80
XXXXX HPQ$0.69$0.70$0.70
XXXXX OPNT$0.10$0.09$0.07
XXXXX CHUX$0.31$0.35$0.36
XXXXX HPQ$0.69$0.70$0.70
XXXXX CRM$0.01$0.00$0.01

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AnalystFirm NameSymbolEPS Estimate
mikeXXXXX RIMM$1.34
XXXXXXXXXX PIR($0.02)
joe blowXXXXX DLM$0.22
XXXXXXXXXX INTC$0.43
klineXXXXX Q$0.09
XXXXXXXXXX EK($0.31)
asdasd asd DRYS$0.23
XXXXXXXXXX AMAT$0.21
Tim GertinXXXXX AAPL$2.97
XXXXXXXXXX DRYS$0.23