Lakeway, NY -- (SBWIRE) -- 02/20/2013 -- ThePennyStockProfiler.com, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on the following stocks:-
U.S. insurer, American International Group, Inc.(NYSE:AIG) is seen reporting a loss in the fourth quarter of 2012, due to the claims it has sustained in the destruction caused by Superstorm Sandy.
How can Investors Trade AIG Ahead of Earnings? Get Free Report Here
Analysts, on average, expect a loss of 7 cents per share. In December the financial services firm had estimated that it would be booking losses worth $1.3 billion on account of the claims pay-outs.
It said it would contribute about $1 billion to its U.S. property casualty insurance units to help offset the losses, which are after taxes and include reinsurance recoveries.
The market will be watching keenly to see the actual extent of the losses and whether it will be carrying over any of that into the first quarter as well.
The company's efforts to reduce debt and its profits from investments will also be on analysts' radar.
In November, AIG reported a third-quarter profit of nearly $2 billion thanks to strength in its insurance operations and investment returns. In the same period a year earlier it lost $4 billion.
AIG will be reporting its results on Thursday.
The world's largest mining company BHP Billiton Limited (ADR)(NYSE:BHP) has said that Marius Kloppers will be retiring as the chief executive and director on May 10. He will be replaced by the head of its non-ferrous metals division, Andrew Mackenzie.
On Wednesday, the company reported a 58 percent fall in its net profit for the first half-year at $4.24 billion on lower commodity prices and a weak dollar.
Is BHP a Buy After today’s Slump? Let’s find Out Here
BHP's chairman Jac Nasser said in a statement - "Despite an exceptionally difficult environment during his tenure, Marius and his team have delivered for shareholders, significantly outperforming our peers in terms of total shareholder returns."
Profit excluding one-off items was $5.7 billion in the six months through December, down 43 percent from $9.94 billion for the December 2011 half, due to falls in iron ore and other commodity prices in 2012.
ThePennyStockProfiler.com is engaged in providing the most up to date and useful information on Microcap Stocks poised to breakout. ThePennyStockProfiler.com also provides investors with trend analysis, detailed company profiles, and most importantly a much needed "informational edge" which can be used as a tool for making investment decisions. To Receive Instant updates in the inbox, readers are advised to sign up for free at http://www.ThePennyStockProfiler.com
The assembled information disseminated by ThePennyStockProfiler.com is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. ThePennyStockProfiler.com does expect that investors will buy and sell securities based on information assembled and presented in phd-trading.com. PLEASE always do your own due diligence, and consult your financial advisor.
Copyright © 2005-2013 - SBWire, The Small Business Newswire - All Rights Reserved - Important Disclaimer
Contact Us: 888-4-SBWIRE (US) - 920-321-1250 (International)