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Daily Archives: October 15, 2008

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Close Of Trading: As If The Bank Bailout Never Happened

Posted: October 15, 2008 at 4:18 pm

It is as if the Paulson bank bailout and Monday's 11% run up in the market never happened. The S&P closed today at 907.84, which is within three points of ...
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eBay’s (EBAY) Worst Day, Earnings, Stock Down To $14

Posted: October 15, 2008 at 3:24 pm

eBay (EBAY) was dead before it got started. The stock fell 13.6% during the regular session and came with a penny of its 52-week low at $15.01. Investors kept up ...
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The 52-week Low Club (YHOO)(WY)(LLTC)

Posted: October 15, 2008 at 2:57 pm

Jones Apparel (JNY) Profit warning. Drops to $9.26 from 52-week high of $23.08.Liz Claiborne (LIZ) Pulled down by JNY news. Falls to $9.75 from 52-week high of $31.93.Weyerhaeuser (WY) ...
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Is Sumner Redstone Losing Grip Over CBS & Viacom? (CBS, VIA-B)

Posted: October 15, 2008 at 1:22 pm

Sumner Redstone is one of the CEO's we voted as one of Wall Street's most entrenched CEO's in the past.  It isn't that he is so well respected or loved, ...
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eBay Earnings Preview: Analyst Downgrade Overshadows Future (EBAY)

Posted: October 15, 2008 at 12:18 pm

eBay (NASDAQ: EBAY) is set to release earnings after the close today.  It is still hard getting used to this without Meg Whitman conducting the conference call, but that is ...
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Siri

Sirius (SIRI) Says It Can Refinance Debt: Wall St. Disagrees

Posted: October 15, 2008 at 11:22 am

Sirius XM (SIRI) CEO Mel Karmazin say he can get his long-term debt refinanced. According to Reuters, "Sirius XM faces some $1.1 billion in debt in 2009. Of that, about ...
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AMR Posts Gain On Items, But Fuel Issues Remain (AMR)

Posted: October 15, 2008 at 11:00 am

AMR Corporation (NYSE: AMR) has posted a net profit of $45 million for the third quarter, which generated earnings at $0.17 EPS.  Be advised that this gain does include sale ...
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The “No Reward” Stock Market (INTC)(JPM)(WFC)

Posted: October 15, 2008 at 9:57 am

Good deeds should be their own rewards, but in the stock market that it not entirely true. Good earnings, especially in a harsh world, are supposed to yield shareholders something. ...
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Linear Tech’s Stock Implosion (LLTC)

Posted: October 15, 2008 at 9:20 am

Linear Technology Corporation (NASDAQ: LLTC) may be causing more damage to chips and technology component stocks than anything else this morning.  The maker of high-performance linear integrated circuits showed that ...
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EnCana Yanking Its Spin-Off (ECA, COP)

Posted: October 15, 2008 at 9:12 am

Back in May, EnCana Corporation (NYSE:ECA) announced that it would split the company in two. One part would take the company's oil sands properties and the other would retain the ...
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Alpha Natural Resources, Looking Beta, Off The Cliffs in Cleveland (ANR, CLF)

Posted: October 15, 2008 at 8:25 am

Alpha Natural Resources (NYSE:ANR) has sold its majority interest in lime manufacturing plant in Kentucky and 17.6 million tons of coal that still needs to be mined. The after-tax gain ...
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Charles Schwab Keeps It Real (SCHW)

Posted: October 15, 2008 at 8:06 am

The Charles Schwab Corporation (NASDAQ: SCHW) posted a 4% earnings drop down to $0.26 EPS, which is after a $0.04 item for previously disclosed charges.  Revenues fell 3% from Q3-2007 ...
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Wells Fargo Living Up To “AAA” Ratings (WFC)

Posted: October 15, 2008 at 7:39 am

Wells Fargo & Company (NYSE: WFC) is following Jamie Dimon's lead this morning with better results than other banks.  The only "AAA" rated bank posted $0.49 EPS vs. $0.41 estimates.  ...
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Coke (KO) Astounds

Posted: October 15, 2008 at 6:34 am

Even if people are feeling poor or are poor, they can still buy a soft drink. Coca-Cola (KO) proved that today with strong earnings. It is extremely good news for ...
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JPMorgan Makes Key Tech Upgrades & Downgrades (AAPL, IBM, HPQ, EMC, DELL, LXK, NTAP)

Posted: October 15, 2008 at 6:26 am

JPMorgan has come out with some changes in its technology and imaging sector today.  The firm wants to be defensive right now with steady revenue streams and steady margins.  It ...
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