MetroPCS’s Net Profit Doubles to $193M and 4 Hot Stocks Buzzing Today
Boeing (NYSE:BA): Russian Technologies’ air-leasing unit, Aviation Capital Services, has ordered 35 of Boeing’s 737 MAX airplanes in a deal with a value of over $3 billion at list prices. Additionally, Boeing is increasing its collaboration with an additional Rosetech unit, VSMPO-AVISMA, in titanium procurement and technology development. VSMPO-AVISMA is one of Boeing’s largest suppliers of titanium.
U.S. Steel (NYSE:X) results for Q4 will likely reflect the ongoing European and emerging market’s weakened economies and North America’s economic uncertainty. The company believes that there will be Q4 loss in its flat-rolled segment as a result of slightly lower average realized prices. The company believes that the tubular segment will continue to be profitable but well below Q3 results.
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Walgreen (NYSE:WAG) has created a joint venture with Alliance Boots as part of its strategic partnership to build synergies. This company is to be based out of Switzerland.
MetroPCS Communications (NYSE:PCS) has seen its net profit more than double reaching $193 million compared to last year’s $69 million. The amount of 4G LTE subscribers has surpassed a million versus the 700 thousand at the end of Q2. The company’s operating costs have seen a 6 percent drop, with equipment expenses down 23 percent to $266 million. Net subscriber losses have reached 312 thousand compared to expectations of 100 thousand to 234 thousand. Churn is -80 bps to 3.7 percent.
Valero‘s (NYSE:VLO): For FY12, the company reduced its capital spending estimate to $3.5 billion compared to its previous guidance of $3.6 billion. The company believes that total 2013 capex will be $2.5 billion. Looking at Q4, the company claims that gasoline margins have narrowed, but distillate margins and sour crude discounts continue to be wide. U.S. demand for refined products is still weak, but exports continue to be strong.
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