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Daily Archives: January 30, 2008

Q4 GDP Already Near Recession Levels

Posted: January 30, 2008 at 8:43 am

Today we got our first look at Q4 2007 GDP, and this is the preliminary data that will see two revisions ahead.  Q4 GDP just came in at +0.6%.  Most ...
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Schering-Plough Relief on Partner Earnings (SGP)

Posted: January 30, 2008 at 8:18 am

Schering-Plough Corp. (NYSE: SGP) is probably breathing a sigh of relief this morning after Merck's earnings as it is partners with the drug giant on Vytorin and Zetia for cholesterol ...
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Boeing Backlog More Impressive Than Guidance (BA)

Posted: January 30, 2008 at 8:00 am

Boeing Co. (NYSE: BA) posted earnings of $1.36 EPS on $17.5 Billion in revenues for its fourth quarter.  Estimates from First Call were $1.32 EPS and $17.33 Billion in revenues.  ...
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Merck’s Guidance A Relief (MRK)

Posted: January 30, 2008 at 7:44 am

Merck & Co. (NYSE: MRK) has just posted earnings that may be a relief to many who were worried about recent Vytorin woes affecting 2008 numbers.  The company posted EPS ...
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Top 10 Pre-Market Analyst Calls (CSIQ, COLM, DTE, ERTS, KMP, MER, MU, NKE, ZQK, YHOO)

Posted: January 30, 2008 at 7:30 am

These are not the only research calls we are looking at in pre-market trading, although these are the initial calls that grabbed our attention early on:Canadian Solar (NASDAQ: CSIQ) raised ...
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Europe Markets 1/30/2008 (RTP)(ALU)(SAP)

Posted: January 30, 2008 at 7:16 am

Markets in Europe are down at 7.10 AM New York time.The FTSE is off .7% to 5,844. BP (BP) is off 1.3% to 526.5. Rio Tinto (RTP) is up 3% ...
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Rio Tinto (RTP) Jumps On Rumor Of Better Bid

Posted: January 30, 2008 at 7:06 am

Reuters is reporting that BHP Billiton (BHP) will improve its offer for Rio Tinto (RTP) and that the smaller company will open its books for review.Nice run for RTP shares.Douglas ...
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How NY State Helped Start Bond Insurance Crisis (ABK)(MBI)(C)

Posted: January 30, 2008 at 6:49 am

Ambac (ABK) and MBIA (MBI) figured they could improve their earnings by putting money into swaps and derivative instruments. For years they were not allowed to. They had to watch ...
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Hannah Montana Brand At Risk With Wal-Mart? (DIS, WMT)

Posted: January 30, 2008 at 6:49 am

A report from the USA Today last night put Wal-Mart Stores (NYSE: WMT) in a partnership with Disney (NYSE: DIS) whereby Wal-Mart will sell more than 140 products based on ...
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FOMC: The Certainty Of Rate Cuts

Posted: January 30, 2008 at 6:31 am

There is no question about Fed Fun Futures showing a 100% chance of a rate cut at 2:15 PM EST today.  The verdict awaited is whether we see a 50 ...
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Oil Service Giant Profits Rise… But Misses Targets (BHI)

Posted: January 30, 2008 at 6:21 am

Baker Hughes Inc. (NYSE: BHI) has announced its earnings for the fourth quarter 2007:.  The oil services company posted net income of $400.5 million or $1.26 diluted EPS.  This compares ...
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World’s Largest Companies Get Ready For Recession

Posted: January 30, 2008 at 6:12 am

While economists and politicians may think Fed cuts and legislation can prevent a recession, the boss men at big multinationals have already prepared for the worst. A survey by Financial ...
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Clearwire Might Not Want To Trust Sprint (CLWR, S, GOOG, INTC, BBY)

Posted: January 30, 2008 at 6:11 am

ClearWire Corp. (NASDAQ: CLWR) saw shares rise some 23% on Tuesday because of reports that newly-named Sprint Nextel (NYSE: S) CEO Dan Hesse has revived serious discussions with Clearwire.  This ...
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Yahoo! (YHOO): Web 1.0 Gives Up The Ghost

Posted: January 30, 2008 at 6:02 am

Web 1.0 started long before the Nasdaq crash of 2000. In 1995 companies like Yahoo! (YHOO) started to show up. So did Lycos, Geocities, Altavista, and Swtichboard. Most of those ...
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The Banking Crisis: You Ain’t Seen Nothing Yet (UBS)(C)

Posted: January 30, 2008 at 5:40 am

As the selling of bank shares has fallen off, Wall St. has begun to believe that the worst of the global banking crisis is in the rear view mirror. Not ...
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