US Could Lose “AAA” Rating–Moody’s
Moody’s (NYSE:MCO) lead analyst covering US debt said that the Amercan goverment could lose its “AAA” rating if it cannot cut the deficit and budget gaps in the next three to four years. Steven Hess…
All Work
Douglas A. McIntyre
Is Twitter The Next Hula Hoop?
Microsoft (NASDAQ:MSFT) and Google (NASDAQ:MSFT) have each formed a partnership with micro- blogging company Twitter. The search engines at the firms will survey the real time “tweets” , which are small text messages of only a…
Hyundai Sales Soar As It Becomes The New Car King
Hyundai Motors has done what no other global car company has–grown through the recession. The Korean operation released financial results. It believes it will sell over three million cars this year compared to 2.8 million…
The Pay Czar’s Day In The Sun
Pay czar Kenneth Feinberg has already effectively clipped the compensation wings of Bank of America (NYSE:BAC) CEO Ken Lewis by taking away all of his 2009 compensation. Feinberg now plans to cut the pay packages…
The China Miracle Meets Wal-Mart (NYSE:WMT) Price Cuts
China’s GDP rose 8.9% amid talk that the increase was caused by the nation’s $585 billion stimulus package and not a significant improvement in its huge manufacturing and export engine. The news means that…
Media Digest 10/22/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
Reuters: China’s GDP rose 8.9% and the government said it would stick with its liberal monetary policies. Reuters: Larry Summers said the US recovery is on track. Reuters: More Americans will delay retirement. Reuters: …
Asia Markets And Europe Open (10/22/2009)
Markets is Asia were mostly lower. The Nikkei dropped 6% to 10.297. Mitsubishi UFJ (NYSE:MTU) fell and Honda (NYSE:HMC) rose. The Hang Seng was down 1% to 22,098. China Mobile (NYSE:CHL) fell. The Shanghai…
Amgen (AMGN) Earnings Bump Up
Amgen (NASDAQ:AMGN) had a strong quarter. Biotech has been the most active part of the market in terms of trading volume. Amgen is the category’s grandfather. The company reported EPS of $1.49 for the…
eBay Guidance Poses Performance & Valuation Questions (EBAY)
eBay Inc. (NASDAQ: EBAY) posted non-GAAP earnings of $0.38 EPS on $2.24 billion in revenues. Thomson Reuters had estimates for the online auction giant pegged at $0.37 EPS and $2.14 billion in revenues. The…
VMware Delivers (VMW)
VMware, Inc. (NYSE: VMW) has just posted its Q3 earnings report of $0.24 EPS on a non-GAAP basis on $490 million in revenues. Thomson Reuters had estimates at $0.20 EPS on $473.95 million in…
52-Week High Club
Autodesk Inc. (NASDAQ: ADSK) rallied over 5% to a yearly high of $27.26 after the company’s shares were upgraded to “buy” by Kaufman Brothers LP, who set their 12 month price target at $30.…
Bove Dumps Wells Fargo (WFC)
Dick Bove of Rochdale Securities may have been responsible for today’s sell-off as many banking stocks fell late in the day. Bove has downgraded Wells Fargo & Co. (NYSE: WFC) to a SELL rating…
Today’s Unusual Options Activity (ABX, CAT, EXPE, JAVA, CS)
These are today’s unusual options trading patterns seen late in the afternoon. We have provided links over to VSInvestor.com for more details on each situation: There have been two large options transactions in Barrick…
Earnings on Deck: VMware & EMC (VMW, EMC)
After the close of trading today, we will get a look at the earnings report from VMware, Inc. (NYSE: VMW). The company’s former parent and still-majority shareholder (by far) is EMC Corp. (NYSE: EMC),…
AGA Medical Debuts During Cautious IPO Market (AGAM)
It was just over the weekend that we noted how cautious the initial public offering market has become. What a difference a couple months can make. Today marks the debut of AGA Medical Holdings,…
DOE Mixed Inventory Driving Oil Prices (OIH, DIG, USO, OIL)
The Department of Energy’s weekly energy inventories data is giving another mixed picture similar to last week. The difference is that this was more in-line with expectations that what we saw last week. We…
Is Buffett Becoming A Lagging Indicator? (BRK-A)
Warren Buffett of Berkshire Hathaway Inc. (NYSE: BRK-A) was out yesterday talking up “enormous progress” that has been made since a year ago. His comments came from an interview and an opening address at…
Today’s Best Market Rumors (10/21/2009) (TWX)(AAPL)(BKS)
Updated throughout the day. Updated at 1.11 PM EST: Bank of America (NYSE:BAC) will sell First Republic for $1 billion. (The Deal) Updated 1.05 PM EST: Google (NASDAQ:GOOG) may be teaming up with record…
Top Day Trader Alerts (YHOO, ISRG, PLCM, SNDK, FNM, FRE)
These are this morning’s top pre-market day trader alert stocks for Wednesday. We have more detailed analysis and data on each stock linked through to VSInvestor.com: Yahoo! Inc. (NASDAQ: YHOO) is trading up at…
Mixed Earnings Picture At Buffett’s Banks (WFC, USB, BRK-A, V)
This morning’s banking reports from Wells Fargo & Co. (NYSE: WFC) and US Bancorp (NYSE: USB) might as well be called the Warren Buffett banking reports, or the banking earnings for Berkshire Hathaway Inc.…