Companies highlighted in this weekly wrap include Archer Daniels Midland Co.’s (ADM), Career Education Corp. (CECO), Brinker International, Inc. (EAT), ArcSight, Inc. (ARST) and Fidelity National Financial, Inc. (FNF).

Archer Daniels Midland Co.’s (ADM) share price continues to pressure a key level of resistance on the heels of strong earnings and mostly bullish earnings estimates.

Second-Quarter Results

ADM’s second-quarter results, reported on Feb 3, were solid. Revenue was up 1% to $16.67 billion. Income came in at $585 million, up from $473 million last year, producing earnings of 75 cents per share, ahead of the consensus by 18 cents.

It was the fourth time in the last four quarters that ADM has surprised and beat the consensus.

Estimates Still Up

Estimates are down slightly in the short-term, standing at $2.07 per share. The next-year estimate is up 12 cents over the last 90 days to $2.37.

The Chart

As previously mentioned, shares of ADM have been pressuring a key level of resistance just below the $30 mark after rallying from its October low. Take a look below.

Last Week’s Momentum Zacks Rank Buy Stocks

Career Education Corp. (CECO) has rebounded from its short-term low after selling off with the market last year. The company’s recent earnings were strong and analysts are bullish. Read Full Article.

Brinker International, Inc. (EAT) has recently begun to rebound after taking a hit in the last year as the company pairs its capital spending and secures a new $215 million revolving line of credit. Read Full Article.

ArcSight, Inc. (ARST) is fresh off the heels of an impressive third-quarter in which the company’s income more than doubled from the same period last year. Read Full Article.

Fidelity National Financial, Inc. (FNF) posted fourth-quarter results in January that were ahead of estimates and a big improvement from the same period last year. Read Full Article.

Zacks Investment Research

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