Paul Ausick

Recent Articles

Boeing Warns on Planes Deliver, Posts Poor Earnings

By Paul Ausick

The recent air show in Farnborough, England, put a lot of new planes on the order books for both Boeing Co. (NYSE: BA) and the European Aeronautic Defence and Space Co. (PINK: EADSY), makers of the Airbus family of planes. The two companies have booked more than $25 billion in new orders at international air shows so far this year, and both have submitted bids for a US Air Force tanker aircraft contract worth $35 billion.

DuPont Earnings Top EPS Target and Revenue

By Paul Ausick

This morning's earnings report from EI DuPont de Nemours & Co. (NYSE: DD) continues the string of positive results from a Dow Jones component company. DuPont posted earnings per share of $1.26 on revenue of $8.62 billion, up from Dupont earnings of $0.61 and revenue of $6.86 billion in the same period last year.

Housing Market Sends Mixed Messages

By Paul Ausick

The S&P Case-Shiller 10-city home-price index rose 1.2% in May, compared with April. Compared with a year ago, the 10-city index rose 5.4%. House prices began to rebound in April 2010, due mostly to the federal tax credit which expired at the end of the month.

Market Fights Out of the Red on Year

By Paul Ausick

Strong earnings for the first two weeks of this earnings season have pushed the Dow Jones Industrial Average back into the black for the year. The Dow closed at 10,525.43 last night, up 100.81 points on the day. After falling to below 9,700 earlier this month, the benchmark index has risen 7.7% in July, some 4% of which occurred in the past three days.

New Home Sales Drive Market, But Housing Still Weak

By Paul Ausick

The U.S. Commerce Department reported today that new home sales in the U.S. rose 23.6% in June to a seasonally adjusted annual rate of 330,000. The report follows a dismal report last month of new home sales falling to a revised level of 267,000, down 36.7% from April.

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