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Daily Archives: December 4, 2008

Schlumberger Confirms Lower 2008 Profit (SLB)

Posted: December 4, 2008 at 9:49 am

Oil field services giant Schlumberger (NYSE:SLB) confirmed yesterday that its gross profit for the full 2008 fiscal year would come in below analysts" estimates. The stock closed off about 3% ...
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Fluor: A Strong Balance Sheet Is a Good Thing (FLR, STO, XOM, JEC, FWLT, KBR)

Posted: December 4, 2008 at 9:37 am

When everyone else is ducking for cover, it often pays to stick your neck out. That seems to be what Fluor Corporation (NYSE:FLR) is doing with the announcement of a ...
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Advanced Micro Devices: Even Cheaper Processors Off (AMD, INTC, NVDA)

Posted: December 4, 2008 at 9:29 am

It seems that the lower demand for PC's and the demand that is there heading into the under-$500.00 PC market is taking its toll on everyone.  We have already seen ...
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DJIA Losing 3 Trifecta (T, DD, MRK)

Posted: December 4, 2008 at 9:06 am

It is easy to get pumped up about overseas rate cuts, but there is cautionary data from at least three DJIA components.  Wal-Mart is the economic trade-down so that win ...
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Weekly Jobless Claims Obscured by Turkey & Bread Lines

Posted: December 4, 2008 at 8:36 am

The weekly jobless claims just came out at a drop of 21,000 to 509,000.  Economists were looking for a roughly 540,000 who applied for benefits.  Last week's initial report of ...
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Wmt

The Wal-Mart (WMT) Miracle Lives On

Posted: December 4, 2008 at 8:15 am

After Costco (COST) posted poor numbers for last month and almost every other large retailer in the US said that the early parts of the fourth quarter were bad and ...
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Top Pre-Market Analyst Downgrades (ACN, ADBE, DOX, CREL, CTRP, IACI, ISIL, KLAC, SAPE, SSCC)

Posted: December 4, 2008 at 8:03 am

These are some of the top pre-market analyst downgrades and cautious calls we have seen this Thursday morning:Accenture (ACN) Cut to Neutral at Goldman Sachs.Adobe Systems (ADBE) Cut to Neutral ...
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Top Pre-Market Analyst Upgrades (AMZN, AMAT, NILE, CECE, DCP, GPN, RHT, AUY, YRCW)

Posted: December 4, 2008 at 7:58 am

These are some of the top pre-market analyst upgrades we have seen this Thursday morning:Amazon.com (AMZN) Raised to Overweight at Barclays.Applied Materials (AMAT) Raised to Buy at Citigroup.Blue Nile (NILE) ...
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Merck (MRK): People Won’t Even Buy Drugs

Posted: December 4, 2008 at 7:29 am

So much fore feeling better in a bad economy.Merck (MRK) offered lackluster guidance for next year and the stock is off before the open. According to Reuters, "Merck said it ...
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Nokia (NOK) Revises Sales Forecasts Down, Again

Posted: December 4, 2008 at 6:38 am

Nokia (NOK) can't keep up with the falling demand for cellular handsets. It cuts its forecasts for Q4 and 2009 again. That is probably not good new for Motorola (MOT), ...
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Bear

Corporate Default Rates Expected To Soar

Posted: December 4, 2008 at 6:30 am

The damage of the recession is beginning to move from the financial sector to other parts of the economy.According to the FT, "The Markit iTraxx Crossover index rose above 1,000 ...
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Ibm

IBM (IBM) Takes Another Bite Out Of Microsoft (MSFT) Windows

Posted: December 4, 2008 at 6:25 am

IBM (IBM) has decided to be the next company to pile onto Microsoft (MSFT), which has already been beaten like a red-headed step child for bringing out Vista, a flawed ...
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Data

The Bonus Pool: Citigroup’s (C) Pandit Comes To His Senses

Posted: December 4, 2008 at 6:09 am

Despite what executives at Goldman Sachs (GS) and several other large financial firms have done by agreeing to take no bonuses, there has been no such word out of Citigroup ...
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Angrybear

Costco (COST), One Of Retail’s Last Hopes, Falters

Posted: December 4, 2008 at 5:59 am

The retailers who were supposed to do OK during the recession were the ones with the really, really good goods which were being sold at the really, really low prices.Wal-Mart ...
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The Bankruptcy Option Catches GM (GM) And Chrysler In It Web

Posted: December 4, 2008 at 5:47 am

The last word from Washington is that Congressional staff and some car company executives understand that pre-packaged bankruptcies of GM (GM) and Chrysler may be the only effective ways of ...
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