Visa, Safe Harbor For Financial Tsunami (V, MA)
Visa, Inc. (NYSE: V) has posted very pleasing earnings, one of the few bits of good news in the financial sector. The credit card processing giant earned $0.78 EPS on an adjusted basis, beating…
All Work
Douglas A. McIntyre
BMC’s Bright Outlook (BMC)
BMC Software Inc. (NYSE: BMC) is doing something that many software and technology companies might consider heresy. It grew earnings, and is raising guidance. Doen’t the company know there is a recession? It posted…
Cisco Rewards The Bulls (CSCO, VMW)
Cisco Systems Inc. (NASDAQ: CSCO) reported earnings of $0.32 non-GAAP EPS and $9.09 billion in revenue. First Call estimates were $0.30 EPS and $9 billion in revenue. What is more important here than the…
The 52-Week Low Club (BAC)(GE)(TXT)(FITB)(HBAN)
Bank of America (BAC) Falls to $4.72 on concerns that government might take over firm. Down from 52-week high of $43.81. GE (GE) Drops to $11.19 on concerns about recession and the balance sheet…
Traders Betting On Decent Cisco Earnings (CSCO)
Cisco Systems Inc. (NASDAQ: CSCO) is set to report earnings after the close. What is interesting here besides the belief that John Chambers will be more than just cautious is that traders have been…
A Danger In Pay Caps: Business Failure (GS, JPM, MS, C, AIG, BAC)
Pendulums often swing too far in either direction. It has been shown that complete deregulation or total self-regulation leads to "Big Business Gone Wild." And now the pendulum in regulation over executive pay caps…
Anadarko Hits Pay Dirt Again (APC, DVN, XOM)
Anadarko Petroleum Company (NYSE:APC) announced another significant Gulf of Mexico discovery this morning. The new discovery offers 300 feet of net oil pay, in addition to Anadarko’s other Gulf of Mexico find announced a…
Devon Results Hit by Big Drop in Asset Values (DVN)
Devon Energy Corp. (NYSE:DVN) reported a net loss for its fourth quarter of $6.8 billion (EPS of -$15.42), and a net loss for the year of $2.1 billion (EPS of -$4.85). Anyone who is…
Non-Manufacturing Horrible, Just Not AS Horrible
The Institute for Supply Management has released its January non-manufacturing data. The services economy isn’t pretty. But it also isn’t as bad as many expected. The ISM showed that the non-manufacturing index was 42.9…
T. Boone Pickens Hits the Road (AN)
If you’re anywhere near Ft. Lauderdale on February 17th, you might want to check out the town hall meeting featuring T. Boone Pickens and Mike Jackson, who is CEO of AutoNation Inc. (NYQ:AN). The…
Russian Debt Moves Toward “Junk” Rating
Fitch has downgraded Russia’s sovereign debt and says it may have to do so again. The new rating is only two levels above "junk". With income from crude dropping sharply, the Russian economy is…
KeyBanc Downgrades Wynn Resorts (WYNN) to Underweight
KeyBanc downgrades Wynn Resorts (NASDAQ: WYNN) from Hold to Underweight with a price target target of $21, after announcing substantial labor cost cutting initiatives for its Las Vegas properties. KeyBanc analyst says, "After the…
Good News in Oil Field Services Continues (NOV, HAL, WFT, SLB)
National Oilwell Varco Inc. (NYSE:NOV) reported a solid beat of analysts’ estimates for the fourth quarter. After last week’s surprising earnings from Halliburton Co. (NYSE:HAL) and Weatherford International Limited (NYSE:WFT), National Oil Well Varco’s…
ADP “Apprentice” Prediction: “You’re All Fired”
ADP released its own "pre-unemployment number" again for January, and the jobs lost aren’t expected to be pretty. The payroll company estimates that the US private sector lost some 522,000 jobs in January. So…
Top Pre-Market Analyst Upgrades (EE, LRY, NEM, RSYS, RVBD, RYAAY, STAR, UPS)
These are some of the top analyst upgrades and positive research calls we have seen from Wall Street this Wednesday morning: El Paso Electric (EE) Raised to Hold at Jefferies. Liberty Property (LRY) Raised…
Top Pre-Market Analyst Downgrades (ADM, CPX, DLTR, NOC, OKE, SQNM, STI, WINN, WYNN)
These are some of the top analyst downgrades and negative calls we are seeing from Wall Street this Wednesday morning: Archer Daniels Midland (ADM) Cut to Neutral at JPMorgan. Complete Production (CPX) Cut to…
Will Jeff Bewkes survive Time Warner’s disastrous quarter?
Time Warner Inc. (TWX) reported earnings that were so dreadful that they defy the imagination. The largest media conglomerate lost $16 billion in period ended Dec. 31 as it wrote down the value of…
Outsourcing Investment Banking To Please Congress
The Congress and the Administration seem fixated on cutting the pay of financial company executives and, perhaps, the people who work for them. The idea is a nearly perfect way to lower banking firm…
As Big Companies Fire Overseas, US Recession Will Deepen
Panasonic will lose $4.2 billion for its fiscal which ends in March. The company says its troubles will cause it to fire 15,000 people. This is the latest in a string of layoffs by…
Costco (COST): Retailing’s Elite Start To Fail
There is an upper tier of retail companies both in the US and abroad. It has been assumed that these firms would not dodge a recession, but that they might keep their sales flat…