Asia Markets And Europe Open (10/20/2009)
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…
All Work
Douglas A. McIntyre
Apple (AAPL) Beats Street Forecasts !!! Mac Stars
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 (TXN)
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…
52-Week High Club
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…
5 DJIA Components Reporting Tuesday (CAT, DD, PFE, KO, UTX)
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 VIX Becomes Worthless (VXX, VXZ)
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…
Home Builders Already Cautious, Get More Cautious (XHB, ITB)
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…
The Back-Door Play on Advertising in China (IDI, FMCN, VISN, AMCN, LAMR, CCO)
Ideation Acquisition Corp. (AMEX: IDI) gave us a volume spike alert over at VSInvestor.com, and it is very unusual to see a special purpose acquisition company suddenly have exponential trading volume. The company has…
Are Price Cuts Undermining Wal-Mart (WMT) Earnings?
Walmart (NYSE:WMT) has cut prices on products from food to book downloads to toys. It offers $4 prescriptions at its in-store pharmacies. Does the world’s largest retailer make any money on these products? It…
Nuveen: Florida Closed-End Muni Funds Roll Into National Funds (NIO, NPM, NEA)
Nuveen has been the largest player in single-state municipal bond closed-end and open-end bond funds for years and years. If you look in Barron’s each week under closed-end mutual funds data to find premium/discount…
Claymore Brings New China Stock ETF (YAO, HAO, TAO)
Claymore Securities is launching a new exchange-traded fund for investors to get one more method exposure to the Chinese stock market. The new ETF is the Claymore/AlphaShares China All-Cap ETF (NYSE: YAO), and is…
SPAC Votes Coming (TTY, EDS, NAQ, CLA, EST, TCW)
SPACupdate.com has provided 24/7 Wall Street with some exclusive coverage on key issues coming up in the realm of special purpose acquisition companies. 2020 ChinaCap Acquirco (NASDAQ: TTY; NASDAQ: EDS) is on deck for…
Today’s Best Market Rumors (10/19/2009) (YHOO)(POT)(SYMC)(CME)(AAPL)
Updated throughout the day Updated 3.34 PM EST: Consensus figures for Microsoft (NASDAQ:MSFT) earnings may be significantly too high (Barron’s) Updated 1.14 PM EST: The whisper number for Apple’s (NASDAQ:AAPL) is $1.47 EPS compared to…
Top Day Trader Alerts (ALLI, IPCS, FNM, FRE, AMGN, CIT)
These are this morning’s top day trader alert stocks with more detailed data on price, volume, and further analysis with links to each stock over at VSInvestor.com: Allion Healthcare, Inc. (NASDAQ: ALLI) and iPCS,…
Sprint Finally Acquires iPCS (S, IPCS)
Sprint Nextel Corp. (NYSE: S) has finally figured a way to cure its affiliate lawsuits. The wireless operator is acquiring iPCS, Inc. (NASDAQ: IPCS) in a merger valued at approximately $831 million, including the…
There’s Nothing Deflationary About the Present
by John Tamny of Forbes In 2001 the late Jude Wanniski observed in the American Spectator that “Only when we fully grasp the importance of this definition of inflation or deflation will we be…
Top 10 Analyst Upgrades, Downgrades, Initiations (ACN, AAI, CFN, FSLR, FNM, FRE, GERN, MRVL, LUV, TLAB)
These are ten of the top analyst upgrades, downgrades, and initiations seen early this Monday morning from Wall Street research notes: Accenture (NYSE: ACN) Cut to Neutral at UBS. Air Tran Holdings (NYSE: AAI)…
Google (GOOG) Apps Passes Two Million Customers
Google (GOOG) says it now has two million customers using its Apps products. The online software offers many of the features of Microsoft (MSFT) Windows, but operates on Google’s servers instead of on the…
Insider Trading Becomes SEC’s New Poster Child
The press and Congress have been unkind to the SEC for the last two years. It has been blamed for missing the trading activity of Bernie Madoff and for not properly regulating the banking and…
What If Apple (AAPL) Misses Earnings?
Wall St. believes that Apple (NASDAQ:AAPL) will make $1.42 a share for the quarter that just ended on $9.2 billion in revenue. Both figures would be well over 10% higher than a year ago.…