Europe Markets 4/17/2008 (BCS)(DT)(FTE)
Markets in Europe rose slightly at 6.25 AM New York time. The FTSE was up .1% to 6,052. Barclay’s (BCS) rose 2.6% to 491.5. SABMiller was up 5.5% to 1,182. The DAXX moved up…
Archive
Month: April 2008
All Month: April 2008 Articles
Newest first · Page 19Hedge Funds Move To Cash, Undermine Potential Returns
Hedge funds, nervous about the fading magic of the markets, are moving into cash, the perfect investment for retiring school teachers. The reasons that fund managers give, according to The Wall Street Journal, is…
EBay (EBAY): Spinning Off PayPal
EBay (EBAY) can post pretty good results, and the market does not care. Yesterday, the online auction company put up an earnings increase of 26% on a revenue pop of 24% to almost $2.2…
Entire Internet & Software Sectors Brace For Google Earnings (GOOG, YHOO, MSFT)
After the close of trading this Thursday, we’ll get to see earnings out of Google Inc. (NASDAQ: GOOG). The estimates for the search engine super-giant from First Call are $4.52 EPS on $3.61 billion…
Yahoo! (YHOO) Closes In On Outsource Deal With Google (GOOG)
It is no surprise that Google’s (GOOG) search technology and its ability to marry advertising with search results is better than Yahoo!’s (YHOO). Otherwise Yahoo! would have Google’s market cap instead of the very…
JP Morgan (JPM) To Raise $6 Billion, Go Shopping
For reasons that will escape even the most rigorous analysis, JP Morgan (NYSE: JPM) has elected to raise $6 billion through the sales of preferred shares. In the last quarter, the big bank had…
Media Digest 4/17/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, the head of Samsung has been indicted for tax evasion. Reuters writes Ebay (EBAY) profits rose 22%, but the company was cautious about the rest of the year. Reuters reports that…
Asia Markets 4/17/2008 (SNE)(TM)(SNP)(PTR)
Markets in Asia were mostly higher. The Nikkei was up 1.9% to 13,398. Canon was up 5.1% to 4850. Sony (SNE) was up 4.3% to 4370. Toyota (TM) was up 2.7% to 5010. The…
IBM (IBM): The Recession’s First Recession-Proof Company
The market was buoyed by Intel’s (NASDAQ:INTC) earnings. It should have been. Gross margins were good, Year-over-year results were fine. If there was any concern about the quarterly report is was the drop of…
TD AMERITRADE & E*TRADE, Brace For Earnings (ETFC, AMTD, SCHW)
On Thursday, we’ll get to see earnings out of TD AMERITRADE Holding Corporation (NASDAQ: AMTD) and E*TRADE Financial Corporation (NASDAQ: ETFC). In fact, that will already mark the actual end of the discount brokerage…
AVANT Scores Pfizer Pact For Brain Cancer (AVAN, PFE)
Pfizer, Inc (NYSE: PFE) has signed an agreement with the much smaller AVANT Immunotherapeutics (NASDAQ: AVAN). The two have announced an agreement where Pfizer will be granted an exclusive worldwide license to its CDX-110…
Gilead Sciences… The Beat Goes On (GILD)
Gilead Sciences, Inc. (NASDAQ: GILD) posted results after the close today. Its Q1 revenues surged to $1.26 billion and non-GAAP earnings was $522.1 million, or $0.54 EPS. First Call had estimates at $0.48 EPS…
IBM Earnings Surge… New Name: International Buyback Monster (IBM)
Shares of International Business Machines Corp. (NYSE: IBM) are initially surging after earnings. Big Blue posted $1.65 EPS on $24.5 Billion in revenues, while estimates from First Call were $1.45 EPS on $23.71 billion…
Ebay (EBAY) Good Q: PayPal Magnficent, Skype A Dog
Ebay (NASDAQ: EBAY) shares rallied modestly into the close, up 1.7% to $32.09. The company posted first quarter revenue of $2.19 billion, up $424 million from the same period last year. Revenue growth was…
The 52-Week Low Cub (SWY)(NOC)(HCSG)(HANS)
Safeway (SWY) Food prices hurting retailing margins. Falls to $25.75 from 52-week high of $38.31. Northrop Grumman (NOC) Q1 charge still weighs on shares. Sell off to $69.48 from 52-week high of $85.21. Healthcare…