Mixed Bag on Oil Rig Counts (BHI, OIH, DIG, USO, OIL)
Baker Hughes, Inc. (NYSE: BHI) has released its weekly rig counts, and the results are not as strong as you would expect considering $80 oil is here. We have watched the Oil Services HOLDRs…
All Work
Douglas A. McIntyre
Netflix Battleground Status Continues (NFLX, BBI, CSTR)
Netflix Inc. (NASDAQ: NFLX) is a true battleground stock. It has a loyal customer base, a cult-like stock following, and trades with a very high short interest. Shares are screaming today and have effectively…
Dole Joins Line of Disappointing IPOs (DOLE)
Dole Food Company, Inc. (NYSE: DOLE) is making its re-return this morning and is joining in a long line of a very disappointing IPO market. Dole may be the largest producer and seller of…
Today’s Best Market Rumors (10/23/2009) (TWX)(PALL)(T)(KFT)
Updated throughout the day. Updated 1.36 PM EST: Nokia’s (NYSE:NOK) patent suit against Apple (NASDAQ:AAPL) could cost iPhone maker $1 billion (Reuters) The Bank of England may have to increase bond purchases after the…
Top Day Trader Alerts (AMZN, BRCM, FRE, MSFT, SPWRA, SYNA)
These are this Friday morning’s top day trader and active trader alert stocks. We have more detailed data on price, volume, and historical data with links through to each story at VSInvestor.com: Amazon.com Inc.…
Microsoft (MSFT) Overpowers Earnings Forecast Helped By Server Numbers, Shares Soar
Microsoft (NASDAQ:MSFT) posted EPS for its fiscal first quarter of $.40 compared with $.48 last year. The company has revenue $12.92 billion. Both numbers were well ahead of Wall St. forecasts of $.32 a share on revenues of $12.4 billion. The revenue figure…
Top Analyst Upgrades, Downgrades, Initiations (AMZN, CB, CXW, GSK, ITRI, LEAP, LM, PNC, POT, VLO)
These are this Friday morning’s top 10 analyst upgrades, downgrades, and initiations we have seen from Wall Street’s research calls: Amazon.com (NASDAQ: AMZN) Raised to Outperform at FBR Capital (new target $130); Raised to…
Ten Canadian Companies With Management Compensation Issues
The Corporate Library’s latest annual review of corporate governance at TSX 60 companies in Canada turned up eleven which present high or very high concerns with regard to CEO compensation: Kinross Gold Corporation (NYSE:KGC) EnCana Corporation …
Odds Of $3 Gas By Year-End Grow
It has taken less than three months from oil to go from $65 to $81, a 25% increase. Gasoline prices have not moved up as fast but have risen to $2.50. That price could…
Fortune Magazine To Sharply Cut Publishing Frequency
First Portfolio, the business magazine launched just two years ago by publishing giant Conde Nast, folded. Then, the largest business magazine in America, BusinessWeek, was sold by its parent company, McGraw-Hill (MHP), to Bloomberg…
Book Sellers Ask Justice Department To Review Amazon (AMZN) And Wal-Mart (WMT) Pricing
The American Booksellers Association wants to know the motivation of Wal-Mart (NYSE:WMT), Target (NYSE:TGT), and Amazon (NASDAQ:AMZN) for selling popular books online for under $10. The industry group has asked The Justice Department to investigate…
Risk
The Federal Reserve proposes that it will “regulate” compensation packages at the top 28 financial institutions in the US. The agency said that its new program is designed to make sure that the incentive…
Amazon (AMZN): Innovation’s Reward
The founders of the large web properties of Web 1.0 are all gone now save one. Yahoo!’s (NASDAQ:YHOO) chief Yahoo!s have very little to do with the company, although one of them, Jerry Yang,…
Media Digest (10/23/2009) Reuters, WSJ, NYTimes, FT, Bloomberg
Reuters: Japan Airlines faces $8.8 billion in excess debt if liquidated. Reuters: Amazon (NASDAQ:AMZN) beat Wall St. estimates. Reuters: GM’s CEO will get a pay raise. Reuters: Nokia (NYSE:NOK) sued Apple (NASDAQ:AAPL) over patent…
Asia Markets And Europe Open (10/23/2009)
Markets in Asia were higher. The Nikkei rose .2% to 10,283. The Hang Seng was up 1.4% to 22,516. China Life (NYSE:LFC) and Sinpoc (NYSE:SNP) rose. The Shanghai Composite was up 1.9% to 3,108.…
Earnings Duel: American Express vs. Capital One (AXP, COF)
American Express Company (NYSE: AXP) and Capital One Financial Corporation (NYSE: COF) have both reported earnings this afternoon. We saw estimates rise in recent days as many lenders were discussing better credit metrics starting…
Amazon (AMZN) Q3 Sales Up 28%, Strong Holiday Forecast: Shares Rocket Higher
Shares of Amazon (NASDAQ:AMZN) rose nearly 10% after hours to $101.70, well above the stock’s 52-week high. Revenue increased 28% to $5.45 billion in the third quarter, compared with $4.26 billion in same quarter last…
Wal-Mart Outlines 2010-2011 Growth Plans (WMT)
Wal-Mart Stores, Inc. (NYSE: WMT) has been having its analyst meeting this week and we now have a release from the company showing its growth plan next year. This also updates the cap-ex fiscal…
Korea Joins China in Foreign Oil Acquisitions in Americas
Harvest Energy Trust (NYSE: HTE) is a Canadian energy trust that has gone unnoticed by many Americans. Yet today it is one of the top percentage gainers because the trust is being acquired by…
Apple (AAPL) Meets The Nokia (NOK) Litigation Machine
Nokia (NYSE:NOK) sued Apple (NASDAQ:AAPL) saying that Apple’s iPhone infringes Nokia patents for GSM, UMTS and wireless LAN (WLAN) standards. Nokia has a habit of trying to get its way in court as Qualcomm…