More DJIA Component Earnings On Deck (AXP, MSFT, HON)
We still have two DJIA components to report earnings this week. If you can believe it this week marked 12 of the 30 components reporting earnings, and that takes us to a total of…
All Work
Douglas A. McIntyre
Key Secondary Offerings (BEXP, MAC, MI, NARA, WTNY, EURX)
We have many key secondary offerings on deck today. Brigham Exploration (NASDAQ: BEXP), Macerich Co. (NYSE: MAC), Marshall & Ilsley (NYSE: MI), Nara Bancorp (NASDAQ: NARA), and Whitney Holding (NASDAQ: WTNY) all priced secondary…
Today’s Best Market Rumors (10/22/2009) (PG)(NYT)(MSFT)
Updated throughout the day. Update 11.03 AM EST P&G (PG) may buy the household prooducts unit of Sara Lee (various) Brian Moynihan, a Bank of America (NYSE:BAC) executive and possible CEO candidate is under…
Jobless Claims Heading Wrong Direction, Again
The Labor Department has just issued its report on weekly jobless claims. The hopes that we’d finally get back under 500,00 were dashed as the claims rose by a revised 11,000 bodies to a…
Positive Earnings Show From All 5 DJIA Components (T, MCD, MRK, MMM, TRV)
We have seen earnings from five of the thirty DJIA components this morning alone. All were above expectations, even if some of the year over year comparisons do not look that great at some. …
Top 10 Analyst Upgrades, Downgrades, Initiations (CHK, EOG, FFIV, FCX, MOT, NVLS, SAP, STJ, STM, TSCO)
These are this Thursday morning’s top ten analyst upgrades, downgrades, and initiations we have seen from Wall Street research calls: Chesapeake Energy (NYSE: CHK) Cut to Neutral at UBS. EOG Resources (NYSE: EOG) Cut…
Paul Krugman, and the Middle-Class Champion Myth
By John Tamny In a world full of paradoxes, Princeton economics professor and New York Times columnist Paul Krugman has become rich decrying what he deems “income inequality.” Only in America could an individual…
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…
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…