Sales Continue Slide at McDonald’s
courtesy of McDonald'sJanuary same-store sales continued to slide at McDonald’s Corp. (NYSE: MCD), falling by 1.9% globally during the month. U.S. sales were up 0.9%, but sales in Europe fell 2.1% and sales in…
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Paul Ausick
Metals Stocks: Questionable Value for Rest of 2013 (GLD, SLV, GDX, GDXJ, SIL, ABX, GG, KGC, NEM, AUY, FCX, SLW, CDE, SWC)
ThinkstockThere are a variety of ways to invest in precious metals. Buying gold or silver bars and coins is one, exchange traded products (ETFs) are another, and a third is investing in mining stocks.…
Moody’s Solid Results Not Likely to Move Shares
thinkstockRatings agency Moody’s Corp. (NYSE: MCO) reported fourth-quarter and full-year 2012 results before markets opened this morning. For the fourth quarter Moody’s reported diluted earnings per share (EPS) of $0.70 on revenues of $754.2…
AOL’s Advertising Growth Boosts Revenues, Earnings
courtesy of AOL, IncWhen AOL Inc. (NYSE: AOL) released its earnings report this morning, the headline on the announcement boasted that for the first time in eight years the company posted yearly revenue growth.…
SunPower Fades on Revenues, Guidance
ThinkstockSunPower Corp. (NASDAQ: SPWR) reported fourth-quarter and full-year 2012 results after the markets closed today. Quarterly adjusted earnings per share (EPS) were $0.18 on revenues of $678.5 million. In the second quarter of 2011,…
24/7 Wall St. Closing Bell — February 7, 2013: Markets Flat to Start, Then Slide (BBRY, MCP, NOK, ABBV, GOOG, FMC, GMCR, IACI, TSO, V, YELP, ALU, BG, CI, MWW, NYT, PM, S, TEVA, ATVI, CSTR, LNKD, RVBD, SPWR, AOL, APO, MCO, XONE, SUTR, AKAM)
U.S. equity markets opened flat this morning, largely due to a slew of data from Europe that essentially cancelled any good news with an equal dollop of bad. U.S. unemployment data came out before…
International Drill Rig Count Rises in January
ThinkstockOil field services company Baker Hughes Inc. (NYSE: BHI) today reported that its count of foreign oil & gas drilling rigs rose slightly from 1,253 in December to 1,279 in January. Adding in Canadian…
Herbalife Shares Ignore Latest Queries from Ackman
Courtesy Herbalife Ltd.Hedge fund honcho William Ackman fired off another set of questions directed at Herbalife Ltd. (NYSE: HLF) in yet another move to back up his contention that the nutrition and weight-loss company…
ExOne Continues String of Winning IPOs
A maker of 3D printing machines, The ExOne Co. (NASDAQ: XONE), held its initial public offering (IPO) today. The shares were offered at $18 and climbed 45% before pulling back a bit in the…
Dividend Cut at Exelon a Sign of Things to Come? (EXC, DUK, D, AEP, SO)
ThinkstockAfter reporting pretty much awful results this morning, Exelon Corp. (NYSE: EXC) let investors know that it would also cut its quarterly dividend by a whopping 41%, from $0.525 to $0.31. The merchant power…
Natural Gas Price Falls on Low Drawdown
thinkstockThe U.S. Energy Information Administration (EIA) today reported the U.S. natural gas stocks declined by 118 billion cubic feet last week, less than expected drop in the range of 125 billion to 158 billion…
January Retail Sales: Some Winners, Some Stragglers (COST, WTSLA, LTD, TGT, BKE, SMRT, M, GPS)
ThinkstockRetailers are announcing January same-store sales figures today. Research firm Retail Metrics projects an overall gain of 2.8% year-over-year, compared with a 4.8% gain in December and a 2.9% gain in January of 2012.…
Sprint Beats Estimates, but Subscriber Losses Weigh on Shares
courtesy of Sprint Corp.Sprint Nextel Corp. (NYSE: S) reported fourth-quarter and full-year 2012 earnings before markets opened this morning. For the quarter, the telecom posted a diluted earnings per share (EPS) loss of $0.44…
Bunge Shares Drop After Poor Earnings
ThinkstockBunge Ltd. (NYSE: BG) reported fourth-quarter and full-year 2012 earnings before markets opened this morning. For the quarter, the agribusiness giant posted adjusted diluted earnings per share (EPS) of $0.57 on revenues of $17.04…
Visa Beats Estimates but Gets No Glory
ThinkstockVisa Inc. (NYSE: V) reported first-quarter fiscal 2013 results after the markets closed today. Adjusted earnings per share (EPS) were $1.93 on revenues of $2.85 billion. In the first quarter of 2011, the credit…
24/7 Wall St. Closing Bell — February 6, 2013: Markets Waver With Little New Data to Chew On (FSLR, JCP, WFC, ACI, ITRI, CMG, EXPE, GNW, TTWO, DIS, ZNGA, CVS, MRO, NUS, RL, SYT, TWX, FMC, GMCR, IACI, TSO, V, YELP, ALU, BG, CI, MWW, NYT, PM, S, TEVA, BCC, GDP, VOCS)
U.S. equity markets opened lower this morning before bouncing into positive territory briefly and then turning south again. As happened yesterday, the focus was on Europe, where Italy’s oldest bank was expected to reveal…
World Bank Issues Commodities Outlook
thinkstockThe World Bank has just released its latest Commodity Market Outlook and the short version of the report is that commodity prices should “ease marginally” this year. But as the report notes in its…
European Natural Gas Trading Gains Some Transparency
thinkstockIn the wake of the rate-rigging scandal with Libor rates, the G20 group of nations has been trying to reform the way benchmark prices are set in the energy business. Last September, a multinational…
Tablets Now Comprise One-Third of All PC Shipments
courtesy of Apple Inc.The cannibalization of the PC market caused by the overwhelming popularity of tablet devices might be even greater than you think. According to the latest data from analyst firm Canalys, one-third…
Windows Phone Now Number 3 Smartphone Platform
courtesy of Nokia Corp.In a battle that has really just been joined for the third best-selling smartphone platform, Windows Phone from Microsoft Corp. (NASDAQ: MSFT) has wrestled away third place from the precursor to…