Kroger (KR): People Love Being Cheap
Wal-Mart (WMT) is not the only retailer benefiting from the consumer’s need to be cheap. Kroger (KR), which sells groceries to the middle class, reported robust earnings. The chain said it had revenue of…
Archive
Year: 2008
All Year: 2008 Articles
Newest first · Page 126Ingram Micro, Skydiving Without A Parachute (IM, TECD)
Ingram Micro (NYSE: IM) is trading down about 7% pre-market after the company warned about its results ahead. The technology product distribution company noted that soft economies globally are going to keep it from…
UBS Gets Its Turn In The Barrel (UBS)
UBS AG is back in the barrel this morning. Investors have more concerns about write-downs, adding pressure to the stock today. It looks like shares were even halted. They opened down 10% in overseas…
Goldman Sachs (GS) Holds The Thin Line
Strong earnings out of Goldman Sachs (GS) would probably reverse the market’s perception that all is lost and prove the best companies on Wall St. can handle the pressure of the credit crisis. Goldman…
AIG (AIG) Dying
AIG (AIG) shares are off 40% in pre-open, to $2.85.
Dell (DELL) Sails To Dark Waters
Perhaps it is just a bad week for news and it is not going to get better. Dell (DELL) said it is seeing further softening in global end-user demand in the current quarter. Douglas…
Rise In Oil Not Over: Nigeria, Venezuela, And Storms Out At Sea
Oil has hit a point where many analysts believe that it could move below $90 and stay there. If this were to happen, the boon to the economy should be considerable. Lower oil prices…
Fed Rate Cut: No Guts, No Glory
The Fed may still be concerned about inflation given that the UK said consumer prices there had a core increase of 4.7%. Even with that news, the oil and commodities elements of rising costs…
Media Digest 9/16/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, the markets will now turn their attention to AIG (AIG) which is struggling to survive. Reuters report that the Fed will probably hold interest rates steady and signal a cut for…
Asia Markets 9/16/2008 Most Indexes Down 5%
Stocks in Asia sold off sharply. The Nikkei fell 5% to 11,610. Mizuho Financial Group was down almost 10%. Canon and Toyota (TM) both sold off. The Hang Seng was down 5.4% to 18,305.…
AIG (AIG): A Bridge Loan To Nowhere
AIG (AIG) managed to lose 60% of its market value today. At one point the stock was off 70%. A partial rescue came in the form of permission from New York State for the…
As Financial Markets Collapse, Small Business Faces Funding Challenges
The collapse of the stock market, particularly shares in large financial companies, will have immediate effects on small businesses. Now that it is clear the the government will not help large brokers and banks,…
Google (GOOG) Begins To Dominate Wireless Search
With Google (GOOG) holding a 70% share of the PC-based online search market in the US and a similar amount in most EU countries, the best hope that Yahoo! (YHOO) and Microsoft (MSFT) have…
FOMC Alert: Traders Now Looking At Possible Rate Cuts
Today wasn’t just a bad day for financial stocks and for the markets in general. It may have been a real game changer. But interestingly enough, there is now roughly a 32% chance that…
A Relentless Day For Bad News: Hewlett-Packard (HPQ) To Cut 25,000
After a savage day in which one Wall St. firm closed and another was sold, perhaps there might have been an evening’s respite. Lehman (LEH) has more than 25,000 employees, 20,000 of which could…