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Daily Archives: October 20, 2008

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Tuesday’s Earnings Represent True Economy Strengths & Weakness (MMM, AAPL, CAT, DD, LMT, NSC, YHOO)

Posted: October 20, 2008 at 3:51 pm

Tuesday is going to look like it is a true earnings bogey for the entire economy with major industrials and other companies which are representative of the strength or weakness ...
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TI Guidance Lynching Itself & Peers (TXN, QCOM, BRCM, ADI)

Posted: October 20, 2008 at 3:44 pm

Mobile chip giant Texas Instruments (NYSE: TXN) has posted earnings of $0.43 per share and $3.39 billion in revenue.  First Call had estimates of $0.44 on $3.40 billion in revenue.  ...
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SanDisk Earnings, The Agony of Defeat (SNDK)

Posted: October 20, 2008 at 3:30 pm

Flash-memory giant SanDisk Corp. (NASDAQ: SNDK) has just posted earnings of -$0.59 and $821.5 million in revenue.  First Call had estimates at -$0.28 EPS on $778.1 million in revenues. The ...
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American Express (AXP): The Faithful Are Rewarded

Posted: October 20, 2008 at 3:18 pm

Expectations for American Express's (AXP) earnings were less than modest. Analysts polled by Thomson Reuters, on average, forecast earnings of $.59 for the quarter. Friedman, Billings, Ramsey reported that American ...
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The 52-Week Low Club (CDE)(SSCC)(YRC)(BC)

Posted: October 20, 2008 at 2:51 pm

Brunswick (BC) Moody's downgrades to junk because of falling consumer spending and company's financials. Drops to $3.80 from 52-week high of $22.85.Coeur d'Alene Mines (CDE) Sells new convertible note. Metals ...
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Bracing for Texas Instruments Earnings (TXN)

Posted: October 20, 2008 at 12:46 pm

After the close of trading, we should get earnings out of mobile chip giant Texas Instruments (NYSE: TXN).  First Call has estimates at $0.44 EPS on $3.40 billion in revenues.  ...
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Credit Crisis Yield: 20 Million Lost Jobs

Posted: October 20, 2008 at 11:25 am

The UN may not be particularly good at mediating international disputes but it is one hell of a statistics bureau. International Labour Organisation, part of the worldwide fellowship body, said ...
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Bernanke Calls A Recession, Without The Words

Posted: October 20, 2008 at 9:16 am

Ben Bernanke is set to testify on in Washington D.C. before the U.S. House Budget Committee on the economic recovery.  If you look at the prepared comments, it certainly doesn't ...
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Yahoo! (YHOO) Lay-Offs: A Trip To Nowhere

Posted: October 20, 2008 at 9:09 am

It may be a sign of the cruel mentality of the American stock trader, but generally news of layoffs drives the share price of the company making the cuts upward. ...
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And We Thought Spam Was Recession-Proof (HRL)

Posted: October 20, 2008 at 9:01 am

There was an interesting warning on 2008 earnings this morning, although it seems almost counter-intuitive.  Hormel Foods Corp. (NYSE: HRL) is almost back at 52-week lows this morning.  The company ...
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Financial Bailouts Keep Coming, From Competitors (AIG, PRU, RBS, ING)

Posted: October 20, 2008 at 8:29 am

There are many new initiatives for "taking stakes" and "financing packages" this morning.  Most of these seem to be coming from actual competitors rather than from our government, although that ...
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Vonage Secures Refinancing Package (VG)

Posted: October 20, 2008 at 8:14 am

Vonage Holdings Corp. (NYSE: VG) has signed a definitive agreements to refinance its convertible debt, a move which will help to secure its future.  The financing package consists of a ...
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Hasbro vs. Mattel: Earnings From The Toy Giants (HAS, MAT)

Posted: October 20, 2008 at 8:01 am

We have seen earnings this morning from toy giants Hasbro Inc. (NYSE: HAS) and Mattel Inc. (NYSE: MAT).  One is a relative winner, while one is not. (more...) ...
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Day Trader Alert: Syneron medical (ELOS)

Posted: October 20, 2008 at 7:48 am

Syneron Medical Ltd. (ELOS) is generally a thin volume stock, although it may see more active trading as the opening bell gets closer.  Shares are indicated lower on an earnings ...
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Top Pre-Market Analyst Upgrades (APC, APA, AMAT, BBY, BP, CVX, CSCO, COP, XOM, KFT, NBL, SYMC, VLO)

Posted: October 20, 2008 at 6:55 am

These are some of the top analyst pre-market upgrades we are seeing early this Monday morning:Anadarko Petroleum (APC) Raised to Outperform at Oppenheimer.Apache (APA) Raised to Outperform at Oppenheimer.Applied Material ...
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