Sprint Surges While Subscribers Leave
So let's get this straight: Sprint posts a net loss of $151 million and the shares surge because the company did not lose as much as analysts expected? And what about those fleeing subscribers?
All Work
Paul Ausick
Social Media Stocks’ Slump Not Yet Over
So far 2014 has not treated social media stocks very well. Among the big cap stocks, only Facebook has seen a gain year-to-date, and that gain is just 2.5%. Twitter shares have dropped 36%…
Consumer Confidence Sours on Job Outlook
ThinkstockThe Conference Board reported Tuesday morning that its consumer confidence index for the month of April fell slightly from 83.9 in March to 82.3. The expectations index was essentially unchanged, rising from 84.8 in…
Case-Shiller: Home Price Recovery Stalled
ThinkstockThe S&P/Case-Shiller home price index for February was unchanged for both the 20-city and 10-city composite indexes. The 20-city composite rose 12.9% year-over-year, slightly below the consensus estimate for a gain of 13%. The…
Valero Aims at 52-Week High on Booming Ethanol Profit
Oil refiner Valero Energy reported better-than-expected first-quarter 2014 earnings before markets opened Tuesday morning. Shares of Valero traded in the premarket.
Merck Earnings Mixed as Drug Sales Slow
Merck & Co. reported mixed first-quarter 2014 results before markets opened Tuesday morning. The loss of market exclusivity continues to hurt the top line. Merck reaffirmed its forecast for the full year.
Herbalife Earnings Are Less Than the Full Story
Courtesy Herbalife Ltd.Herbalife Ltd. (NYSE: HLF) reported first quarter 2014 results after the markets closed Monday. The nutrition and weight loss company posted adjusted diluted earnings per share (EPS) of $1.50 on revenues of…
The 4 Stocks That Led Markets Higher
thinkstockApril 28, 2014: Markets opened higher on Monday with little economic data to drive the market either up or down. Consequently shares fell then rose and look to be headed for small positive close…
Microsoft to Rebrand Nokia Phones
courtesy of MicrosoftIn an announcement that should surprise no one, Stephen Elop, former CEO of Nokia Corp. (NYSE: NOK) and now executive vice-president of the devices division of Microsoft Corp. (NASDAQ: MSFT), said Monday…
S&P Downgrades Russian Oil, Natural Gas Giants
Courtesy RosneftSix of Russia’s largest publicly traded companies were downgraded Monday morning by ratings agency Standard & Poor’s. The six include the country’s largest oil producer, Rosneft; its largest natural gas producer, Gazprom; and…
Apple Hits 52-Week High
Shares of Apple posted an all-time high in September 2012, shortly after the launch of the iPhone 5. Since then the stock has dropped below $400 a share a couple of times.
Twitter Earnings Look to Be Higher: Analyst
About two weeks ago, Sterne Agee analyst Arvind Bhatia raised his rating on Twitter from Underperform to Neutral. Last Friday, Bhatia doubled down on his upgrade.
J.C. Penney Stages Strong Rally
Over the past 12 months, J.C. Penney has dropped more than 50% of its value. Since the beginning of the year, the stock is down just 10%, and in the past five days shares…
Amazon Continues to Fall
Amazon.com shares plunged nearly 10% Friday after reporting earnings Thursday night and offering less than optimistic guidance for the current quarter. Shares continued their slide Monday morning.
Pending Home Sales Post First Gain in Nine Months
ThinkstockThe National Association of Realtors (NAR) Monday morning released its data on pending sales of existing homes in March. The pending home sales index rose 3.4% from an upwardly revised index reading of 94.2…
Bank of America Cancels Buyback, Dividend Hike
When Bank of America reported first-quarter earnings less than two weeks ago, it said the results of its Federal Reserve stress tests would allow it to increase its dividend. That's not going to happen…
China Cuts Off Video Streaming of Four U.S. TV Shows
China's State Administration of Press, Publication, Radio, Film and Television has closed the remaining open door for some U.S.-created TV programming to reach Chinese viewers.
Comcast Chucks 3.9 Million Subscribers to Gain Time Warner
Charter Communications seems to have driven a harder bargain with Comcast than was first reported. In the deal announced Monday, Comcast agreed to divest systems with about 3.9 million subscribers.
Gasoline Price Hikes Maintain Upward Pace
ThinkstockIn the past four weeks, U.S. crude oil inventories have risen by a total of more than 15 million barrels. As of the April 18, U.S. commercial crude stockpiles totaled nearly 398 million barrels,…
California Drought Emergency Grows
ThinkstockCalifornia Gov. Jerry Brown has issued a second emergency proclamation to help the state come to grips with its ongoing drought problems. The state’s snowpack water content has been measured at just 16% of…