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Daily Archives: October 21, 2008

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Broadcom Coming Ahead of Peers (BRCM, QCOM, TXN, INTC)

Posted: October 21, 2008 at 4:56 pm

Broadcom Corp. (NASDAQ: BRCM) has managed to do something that other chip outfits have not been able to manage this quarter by actually beating estimates.  Non-GAAP EPS was $0.54 and ...
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Apple (AAPL): Market Gods Angered By Guidance

Posted: October 21, 2008 at 4:14 pm

The market did not expect much from Apple's (AAPL) earnings. The shares closed the regular session off 7% to $91.49. It got even worse. After hours, the stock was off ...
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Yahoo! (YHOO): Bad, And A Lot Of People Let Go

Posted: October 21, 2008 at 3:43 pm

The market took Yahoo! shares down 6% in the regular session ahead of earnings. For the third quarter, analysts expected Yahoo to post earnings of $.88  on $1.37 billion in ...
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Yahoo! Earnings Play Second Fiddle To Other Issues (YHOO, GOOG, MSFT, TWX)

Posted: October 21, 2008 at 11:16 am

Yahoo Inc. (NASDAQ: YHOO) is set to report earnings after the close.  First Call has its Q3-2008 estimates at $0.09 EPS and $1.37 billion in revenue.  While earnings would seem ...
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Is Citigroup (C) The Exception Or The Rule?

Posted: October 21, 2008 at 9:44 am

Goldman Sachs repeated its opinion that Citigroup (C) is a "sell" and probably would not make a cent until late in 2009. Goldman claims that credit markets are too tough ...
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Ben Bernanke Still Misses the Point

Posted: October 21, 2008 at 9:06 am

By John Tamny  RealClearMarketsWriting about former Fed Chairman Arthur Burns in his 1998 book, Nixon's Economy, economic historian Allen Matusow noted that Burns "had no fixed monetary principle of his ...
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Sun Microsystems, Still Setting in the West (JAVA)

Posted: October 21, 2008 at 8:54 am

Sun Microsystems Inc. (NASDAQ: JAVA) just cannot seem to get things right and that is more than evident in its shares this morning.  Last night, the company warned of lower ...
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Kerkorian Dumps Ford (F)

Posted: October 21, 2008 at 7:40 am

Billionaire, or at least still multimillionaire, Kirk Kerkorian sold a large piece of his stake in Ford (F). The transaction amounted to 7.3 million shares at $2.43 each. The is ...
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Fifth Third, At Fourth and One (FITB)

Posted: October 21, 2008 at 7:38 am

Those hoping for any magic recovery at Fifth Third Bancorp (NASDAQ: FITB) are going to have to wait a little longer.  The troubled regional bank is trading lower Tuesday eventhough ...
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Major Industrial Earnings Surviving, But Not Thriving (MMM, CAT, LMT)

Posted: October 21, 2008 at 7:16 am

This morning there have been earnings reports from key industrial and defense stocks from the likes of 3M Co. (NYSE: MMM), Caterpillar Inc. (NYSE: CAT), and Lockheed Martin Corporation (NYSE: ...
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Top Pre-Market analyst Upgrades (AUTH, CBRL, CAKE, DRI, KR, LGF, PNRA, PMC, VLTR)

Posted: October 21, 2008 at 7:03 am

These are some of the top upgrades and positive calls we are seeing this Tuesday morning on Wall Street:AuthenTec (AUTH) Started At Buy at Stanford Group.CBRL Group (CBRL) Raised to ...
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Top Pre-Market analyst Downgrades (CEO, EXC, LLTC, NRG, PVH, POWI, TXN, WFMI)

Posted: October 21, 2008 at 7:01 am

These are some of the top pre-market analyst downgrades and negative calls we are seeing from Wall Street this Tuesday morning:CNOOC (CEO) Cut to Hold at Deutsche bank.Excelon (EXC) Cut ...
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Pfizer (PFE) Does Some Good, Viagra Rocks On

Posted: October 21, 2008 at 6:14 am

Once all of the one-time charges were washed out of the numbers, Pfizer recorded adjusted income of $4.2 billion, an increase of 5% compared with $4.0 billion in the year-ago quarter, ...
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As Chrysler Walks From GM (GM) VW May Be In The Footlights

Posted: October 21, 2008 at 5:21 am

GM (GM) may not be able to come up for the money to marry Chrysler. The deal could involve firing 60,000 people and paying their severance. The process of putting ...
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Why Apple (AAPL) Is The Best Stock In The World

Posted: October 21, 2008 at 5:03 am

Apple (AAPL) is not the best stock. Google (GOOG) is. Or, maybe it is a tie. Apple will release its earnings into the jaws of one of the great economic ...
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