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Daily Archives: October 29, 2008

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CME Owners Bracing For Earnings (CME)

Posted: October 29, 2008 at 9:47 am

CME Group Inc. (NYSE: CME) is set to report earnings after the close of trading today.  The futures and commodities exchange giant estimates (from First Call) are $3.98 EPS and ...
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Another Flowing Pipeline (BPL)

Posted: October 29, 2008 at 9:00 am

Master limited partnership Buckeye Partners (NYSE:BPL) reported third quarter earnings before the market opened this morning. Total revenues of $496 million surpassed analysts' estimates of $485.7 million, and earnings of ...
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Gold Miners Adapt To Mixed Environment (GFI, NEM)

Posted: October 29, 2008 at 8:58 am

South Africa-based Gold Fields Ltd. (NYSE:GFI) and US-based Newmont Mining (NYSE:NEM) both reported quarterly earnings before the market opened this morning. Newmont beat EPS estimates by a penny and missed ...
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Even Asia Is Weak For GM (GM)

Posted: October 29, 2008 at 8:05 am

It has been clear for some time that GM's (GM) sales in the US and Europe have been poor and are likely to stay that way. The company said that ...
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Day Trader Alert: Big Pre-Market Drops on Guidance (MOLX, STM, VPRT, WSM)

Posted: October 29, 2008 at 8:01 am

We have seen earnings disappointments or guidance disappointments from many companies over the recent weeks.   Molex Inc. (NASDAQ: MOLX), STMicroelectronics N.V. (NYSE: STM), VistaPrint (NASDAQ: VPRT), and Williams-Sonoma (NYSE: WSM) ...
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Durable Goods Somehow Show Upside Surpise

Posted: October 29, 2008 at 7:40 am

The Commerce Department has reported that Durable Goods for September have somehow managed to beat expectations this morning.  While the durable goods report for big ticket items is the most ...
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Top Analyst Upgrades & Downgrades (CEG, DENN, ODSY, ARO, D, EXEL, JNJ, VOCS, ZGEN)

Posted: October 29, 2008 at 7:08 am

These are some of the other non-tech analyst upgrades and downgrades from Wall Street firms this Wednesday morning:Constellation Energy (CEG) Raised to Buy at Jefferies.Denny’s (DENN) Raised to Buy at ...
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Garmin Holding Up Better Than You Think (GRMN)

Posted: October 29, 2008 at 6:38 am

Garmin Ltd. (NASDAQ: GRMN) appears to have pulled a rabbit out of the hat and its stock is indicated higher after the GPS leader managed to beat earnings expectations.  The ...
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Comcast (CMCSA): Cable On Steroids

Posted: October 29, 2008 at 6:31 am

People can't afford to go out, so they are getting their entertainment at home. At least the is the message embedded in the Comcast (CMCSA) third quarter earnings. The firm ...
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P&G (PG): Consumer Still Buys The Cheap Stuff

Posted: October 29, 2008 at 6:23 am

Procter & Gamble (PG) posted an increase in net of 9%, beating estimates. As the firm's CFO said because the firm sells consumer goods at all price levels, it can ...
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Early Bird Technology Analyst Upgrades & Downgrades (ARUN, PMCS, RVBD, ALTR, CTRP, PMTC, SNWL, XLNX)

Posted: October 29, 2008 at 6:16 am

These are some of the key analyst upgrades and downgrades from Wall Street that we have seen so far this morning in technology stocks:Aruba Networks (ARUN) Raised to Neutral from ...
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OPEC’s Secret: Oil Field Supply Is Dropping

Posted: October 29, 2008 at 5:29 am

OPEC may have to cut production now to get crude prices back to a level which will allow its members to get back the tens of billions of dollars they ...
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Wal-Mart (WMT): Winner And Still Champion

Posted: October 29, 2008 at 5:16 am

Over the last several years, Wal-Mart (WMT) turned away from its strength of providing everyday low prices on items ranging from drugs to lawn mowers. It tried to move upscale ...
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Motorola (MOT): Trying To Salvage What It Does Not Have (AAPL)(GOOG)(NOK)(RIMM)

Posted: October 29, 2008 at 5:02 am

Motorola (MOT) has not introduced a successful handset since the Razr three years ago. Its global market share has dropped from 22% to 12% in just a few quarters. The ...
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Faced With Spectre Of 1974, Fed May Make Radical Cut

Posted: October 29, 2008 at 4:45 am

The Fed may cut more than expected. Wall St. is hoping for half a point, but three-quarters may be more likelySome economists would make the argument that the recession the ...
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