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Daily Archives: October 22, 2008

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Knight Capital Out-Jousts Peers (NITE)

Posted: October 22, 2008 at 7:48 am

Knight Capital Group Inc. (NASDAQ: NITE) is doing what other trading shops aren't: it is winning in uncertain times.  The trading and brokerage firm posted earnings of $0.40 on revenues ...
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Citigroup (C): Analyst Meredith Whitney Cuts Another Bank’s Throat

Posted: October 22, 2008 at 7:22 am

Oppenheimer bank analyst Meredith Whitney has taken a dim view of bank earnings for some time. Her research has caused sell-offs in big financial company shares on more than one ...
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Ronaldmcdonald

More Good News At McDonald’s (MCD)

Posted: October 22, 2008 at 7:06 am

How the little children love Ronald McDonald. Now investors love him, too.In the third quarter, global comparable store sales increased 7.1%, which is pretty hard to do when a company ...
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Top Pre-Market Analyst Upgrades (ABC, BRCM, COH, DNA, IILG, LXK, NUAN, STLD, TLAB)

Posted: October 22, 2008 at 7:02 am

These are some of the top pre-market upgrades from Wall Street analysts this Wednesday morning:AmerisourceBergen (ABC) Started as Buy at Jefferies.Broadcom (BRCM) Raised to Outperform at Baird.Coach (COH) Raised to ...
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Top Pre-Market Analyst Downgrades (AMP, AAPL, DVAX, FCX, GMT, LNC, PCX, X)

Posted: October 22, 2008 at 6:52 am

These are some of the top pre-market analyst downgrades from Wall Street this Wednesday morning:Ameriprise Financial (AMP) Cut to Market Perform at KBW.Apple (AAPL) Cut to Neutral at UBS.Dynavax (DVAX) ...
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Iphone

AT&T (T): The Consumer Can Still Afford A Phone

Posted: October 22, 2008 at 6:43 am

AT&T (T) posted strong results. The company thanked Apple (AAPL) because the iPhone helped drive the telecom company's wireless results. Perhaps the most astonishing part of AT&T's numbers was that ...
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Wb

Wachovia (WB): Being In Banking Gets Worse

Posted: October 22, 2008 at 6:21 am

It is a good thing Wachovia (WB) will not have to go it alone. It would not make it.Wachovia  reported a net loss in the third quarter of 2008 of ...
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VMWare (VMW): The Stock The Market Underestimated

Posted: October 22, 2008 at 5:32 am

VMWare's (VMW) went from an IPO price of under $50 a year and a half ago to $125. That happened in three months. The market then discovered that the virtualization ...
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SEC Asks For More Compensation Regulation (AAPL)(TM)

Posted: October 22, 2008 at 5:22 am

The time has come to stop criticizing the SEC. It was very late on regulating the leverage which large financial companies took on. It was equally tardy in asking that ...
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Low Energy Prices Remain Key To Recession’s Strength

Posted: October 22, 2008 at 4:52 am

Energy prices are on the back burner. The focus on economic growth, or lack thereof, has moved to whether credit markets will open up and how soon housing prices will ...
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Apple (AAPL) Has Not Seen Its 52-Week Low

Posted: October 22, 2008 at 4:32 am

After Apple (AAPL) announced earnings and gave guidance, the stock looked a bit weak. The guidance was awful, but, in light of the economy, probably fair. Most analysts think that ...
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Walmart

Why Would Wal-Mart (WMT) Push China Suppliers To “Go Green”?

Posted: October 22, 2008 at 3:24 am

The Wall Street Journal reports that Wal-Mart (WMT) is "hitting its Chinese suppliers with a slate of stringent environmental and safety mandates, just as the manufacturers face rising costs and ...
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Media Digest 10/22/2008

Posted: October 22, 2008 at 2:49 am

According to Reuters, disappointing earnings pushed Wall St. down.Reuters reports that Yahoo! (YHOO) profits dropped and the company will cut jobs.Reuters writes that Kirk Kerkorian sold part of his Ford ...
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Asia Markets And Europe Open 10/22/2008

Posted: October 22, 2008 at 2:11 am

Markets in Asia were sharply lower.The Nikkei fell 6.9% to 8,675. Sony Corp (SNE) and Mitsubishi UFJ Financial dropped.The Hang Seng fell 6.3% to 14,093. The Shanghai Composite fell 3.2% ...
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