Upbeat Stocks At Street: The Dow Chemical Company (NYSE:DOW), The Blackstone Group L.P. (NYSE:BX), Southwest Airlines Co. (NYSE:LUV)


The Dow Chemical Company (NYSE:DOW) stated second-quarter earnings that beat analysts’ estimates as the plastics business posted record profit on lower costs for oil and natural gas. “Performance plastics experienced the highest margin growth” amid lower feedstock costs and good price management, Hassan Ahmed, a New York-based analyst at Alembic Global Advisors, stated by phone Thursday. Margins expanded in the plastics unit as oil prices fell 42 percent from a year earlier, while prices declined 15 percent, largely because the firmmakes specialty products that hosttheir value, Liveris stated Thursday in a Bloomberg Television interview. On the other consideration, The Dow Chemical Company (NYSE:DOW) day-trade ended with a loss of -4.48% to close at $47.76. The stock is going forward its fifty-two week low with 18.26% and lagging behind from its 52 week high price with -10.47%.

Airbnb Inc. is close to hiring The Blackstone Group L.P. (NYSE:BX) Laurence Tosi as chief financial officer of the home-sharing startup, Bloomberg reported citing people familiar with the matter. Hiring executives from publicly traded companies is often a precursor to an initial public offering for Silicon Valley startups. Airbnb hasn’t had a CFO since Andrew Swain left the San Francisco-based firmlast year. Tosi, 47, has been CFO of Blackstone since 2008. The Blackstone Group L.P. (NYSE:BX) close at 39.73 by a decrease of -4.27%. The total market capitalization remained 24.13 Billion, total volume of 5.8 Million shares held in the session was surprisingly higher than its average volume of 4002.31 shares.

Southwest Airlines Co. (NYSE:LUV) recently stated its Q2 2015 results: Gary C. Kelly, Chairman of the Board, President, and Chief Executive Officer, stated, “We are delighted to report another strong quarter of earnings. Our net income, not including special items, of $691 million, or $1.03 per diluted share, is an all-time quarterly high and represents our ninth consecutive quarter of record profits. “Fuel savings5 in Q2 2015 were nearly $500 million, which led to a reduction in our Q2 2015 unit costs, not including special items, of almost 12 percent year-over-year. Southwest (NYSE: LUV) stated revenues of $5.1 billion and adjusted earnings per share of $1.03, compared to incomeof $5.01 billion and EPS of $0.67 in the Q2 of 2014. Shares of Southwest Airlines Co. (NYSE:LUV) closed at $36.48 by scoring 3.87%. In the whole session, it traded on volume of 15.64 Million shares, which turned higher than its average volume.

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Jason Dinner