Knight Capital Out-Jousts Peers (NITE)
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 of $269.9 million, while…
Archive
Year: 2008
All Year: 2008 Articles
Newest first · Page 84Citigroup (C): Analyst Meredith Whitney Cuts Another Bank’s Throat
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 occasion. But, with the…
More Good News At McDonald’s (MCD)
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 is as large…
Top Pre-Market Analyst Upgrades (ABC, BRCM, COH, DNA, IILG, LXK, NUAN, STLD, TLAB)
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 Buy…
Top Pre-Market Analyst Downgrades (AMP, AAPL, DVAX, FCX, GMT, LNC, PCX, X)
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) Cut…
AT&T (T): The Consumer Can Still Afford A Phone
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 people were not just…
Wachovia (WB): Being In Banking Gets Worse
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 $23.89 billion, representing…
VMWare (VMW): The Stock The Market Underestimated
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 software company’s revenues were…
SEC Asks For More Compensation Regulation (AAPL)(TM)
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 credit default swaps be…
Low Energy Prices Remain Key To Recession’s Strength
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 recover. Focusing on mortgages…
Apple (AAPL) Has Not Seen Its 52-Week Low
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 Apple gives out guidance…
Why Would Wal-Mart (WMT) Push China Suppliers To “Go Green”?
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 dwindling demand for their…
Media Digest 10/22/2008
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 (F) shares…
Asia Markets And Europe Open 10/22/2008
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% to 1,897.…
Broadcom Coming Ahead of Peers (BRCM, QCOM, TXN, INTC)
Broadcom Corp. (NASDAQ: BRCM) has managed to do something that other chip outfits have not been able to manage this quarter by actually beating estimates. Non-GAAP EPS was $0.54 and revenues were $1.298 billion,…