Updated throughout the day. Updated 12.33 PM EST: The CIA will start spying on social media activity (CNET) Updated 10.15 AM EST: Oil could hit $175 a barrel by 2016 making oil-realted stocks a…
The Labor Department has released the September Producer Price Index, the measure of wholesale inflation. We did see a slightly raised Consumer Price Index last week and that had many of the inflation bugs…
Third quarter earnings at Coca-Cola (NYSE:KO) came in under expectations which is pushing shares down before the open. Revenue fell 4% to $8.4 billion. Net income was flat at $2.15 billion. EPS was also…
Caterpillar (NYSE:CAT) beat most Wall St. expectations, and improved its guidance for the balance of 2009. The news pushed the stock up before the open of trading. CAT said it had a Q3 profit of $.64…
We have seen the earnings reports from all five DJIA components which were on deck to report this Tuesday. We are seeing a theme here: almost all posted lower earnings from a year ago…
Pfizer (NYSE:PFE) had a better quarter than many expected. The drug company reported financial results for third-quarter 2009. Revenues were $11.6 billion, a decrease of 3%. EPS fell to $.51 from $.62 on an…
These are this Tuesday’s top 10 analyst upgrades, downgrades, and initiations seen from Wall Street research calls which we have seen early in the morning: Amazon.com (NASDAQ: AMZN) Raised to Outperform at Oppenheimer. Bank…
Apple (NASDAQ:AAPL) will launch the iPhone in China with China Unicom (NYSE:CHU) on October 30 with “1,000 points of sale,” according to a transcription of the company’s earnings call done by Seeking Alpha. Apple commented…
Price cuts work. In September, Sony’s (NYSE:SNE) PS3 outsold the Microsoft (NASDAQ:MSFT) Xbox 360 and Nintendo Wii for the first time in recent memory. Industry research firm NPD said that the video game industry…
The German government got in trouble with EU regulators because it only offered $6.7 billion in aid to one of the bidders for GM’s Opel unit. That bidder was Canadian car parts company Magna (NYSE:MGA)…
Economists spend nearly all of their time now trying to figure out whether the recovery will stay on course and if GDP in the US will recover at 4% or 5% rate next year.…
It has taken the DJIA a little over 32 weeks to move from 6,547 to just over 10,000, a move up of 53%. The index will be back over 14,000 by the end of…
Reuters: Apple (NASDAQ:AAPL) beat earnings forecasts. Reuters: The IRS is probing some homebuyers’ tax credit gains. Reuters: The US is ready to bring more insider trading cases. Reuters: More US companies are cutting bonuses.
Markets in Asia were higher. The Nikkei rose 1% to 10,337. The Hang Seng was up 1% to 22,531. PetroChina (NYSE:PTR) rose. The Shanghai Composite was up by 1.5% to 3,084. At the open…
Wall St.’s forecasts for Apple (NASDAQ:AAPL) were much, much too low. EPS for the September quarter was $1.82. Most analysts had the number pegged closer to $1.74. In the same quarter last year, EPS…
Texas Instruments Inc. (NYSE: TXN) just reported its quarterly earnings. On a non-GAAP basis, the chip giant’s earnings were $0.42 EPS and revenues were down 15% at $2.88 billion. Thomson Reuters estimates were $0.39…
CF Industries Holdings Inc (NYSE: CF) rallied over 4% to a yearly high of $95.06 after Agrium Inc. announced that it had extened its offer to acquire CF Industries holding for $40 in cash…
We have provided some basic details on Tuesday’s earnings reports from DJIA components Caterpillar Inc. (NYSE: CAT), DuPont or EI DuPont de Nemours & Co. (NYSE: DD), Pfizer Inc. (NYSE: PFE), The Coca-Cola Company (NYSE:…
The CBOE Volatility Index, or the VIX, has become almost a useless barometer in the current environment. With the VIX’s nickname being called “The Fear Index,” this is probably no huge surprise based on…
The prior data out of the National Association of Home Builders had been improving for three consecutive months. New data for October came out today showing that the index slipped. The problem with already…