GE (GE) May Not Do So Badly
Nearly everyone on Wall St. believes that GE (GE) will miss its earnings estimates and post a poor forecast for 2009. This sentiment has pushed its stock to a multi-year low and put pressure…
All Work
Douglas A. McIntyre
US Banks Become Nervous About UK Trends (BCS)(RBS)(C)(BAC)(WFC)
By many measures, the economy in the UK may be worse off than the US, at least up until now. The government has dealt with that by becoming more aggressively involved in the financial…
Sony (SNE): The Disadvantages Of Being A Conglomerate
John Rockefeller of Standard Oil, Alfred Sloan of GM (GM), and Gerald Swope of GE (GE)created the structure of the modern conglomerate. Diversification was meant to cushion economic blows. Being in five, six, or…
Asia Falls Apart All At Once: Korea, China, And Japan
The Asia Miracle was always about exports starting with Japan in the 1970s and 1980s and followed by Korea and China in the 1990s. The consuming classes in these countries never looked like the…
Media Digest 1/22/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, a House committee advanced the economic stimulus bill. Reuters reports that China’s GDP growth slowed. Reuters reports that exports from Japan dropped sharply. Reuters writes that Sony (SNE) warned of its…
Asia Markets And Europe Open 1/22/2009
Markets in Asia moved higher. The Nikkei was up 1.9% to 8,052. The Hang Seng rose .9% to 12,700. The Shanghai Composite was up 1% to 2,005. At the open in Europe,the FTSE was…
A Guide To The Perplexed: Reading The America Recovery And Reinvestment Bill
“Madness is to think of too many things in succession too fast, or of one thing too exclusively”–Voltaire The American Recovery and Reinvestment Bill of 2009 should be required reading for every citizen from…
The 24/7 Wall St. Twenty-Five Best Financial Blogs
It has been more than a year since we published our feature, “The Twenty-Five Best Financial Blogs.” A great deal has changed. Some of the blogs on the list are gone or no longer…
Toll’s 3.99% 30-Year Mortgage Incentive (TOL)
Toll Brothers (NYSE: TOL) may have a home buyer’s incentive above and beyond what other deals you have seen. We have seen on multiple sources that the homebuilder is using a 3.99% mortgage rate…
Big Bank CEOs Buy Stock… Should You? (BAC, JPM)
Buying bank stocks might not be the worst investment ever. At least that is the case if you bought today when the market was down. Late in the day came SEC filings showing that…
Richard Parsons, The Biggest Loser, Takes Over Citigroup (C) Chairman’s Job
Why belabor the point? Richard Parsons, who did an awful job as Chairman and CEO of Time Warner (TWX), a position from which he mercifully retired , has been named Chairman of "death watch"…
Apple Shines, Amazingly No Worms (AAPL)
Apple Inc. (NASDAQ: AAPL) has reported earnings, although it also now has the SEC looking into the company via an inquiry over its disclosure practices. Earnings were $1.78 non-GAAP EPS and $10.17 billion in…
Ebay (EBAY) Earnings: Expecting Nothing And Getting It
Wall St. had low expectations for Ebay’s (EBAY) fourth quarter. For the period Ebay is expected to report earnings of $.39 a share on revenue of $2.1 billion, according to consensus estimates from FactSet…
Energy Transfer Partners Raising Cash (ETP)
Energy Transfer Partners, L.P. (NYSE:ETP) is raising cash. The company is offering 5,000,000 common units that represent limited partner interests rather than common shares. The net proceeds from this sale will be used…
Netgear Holds The Line While Others Do Not (NTGR)
Netgear, Inc. (Nasdaq: NTGR) issued preliminary guidance for the fourth quarter ended December 31, 2008. The company said that it expects $155 million to $160 million in revenue. Thomson Reuters (First Call) has estimates…
An Ugly Truth About Bank Accounting (BAC)(WFC)(C)
24/7 Wall St. set out to look at whether financial reporting at a number of companies, particularly banks ,is “reliable”? This process took into account the chances that a firm might have to restate…
Anti-General Electric Bets Grow Stronger (GE)
General Electric Co. (NYSE: GE) briefly hit a new 52-week low earlier this morning. What is interesting is that there has been no support of the stock heading into Friday morning’s earnings announcement. Expectations…
Expected Earnings Woes At Seagate Technology (STX)
Seagate Technology (NYSE: STX) is set to report earnings after the close. Shares are up 4% despite the softening of expectations to the point that the company is now expected to lose money.
Investors Brace for eBay Earnings (EBAY)
Online auction leader eBay Inc. (NASDAQ: EBAY) is set to report earnings after the close of trading. The consensus estimates from Thomson Reuters (First Call) are $0.39 EPS on $2.12 billion in revenues. Because…
Apple’s Earnings Focus Likely Far Different Today (AAPL)
Apple Inc. (NASDAQ: AAPL) is expected to report earnings after the close of trading today. Consensus estimates from Thomson Reuters (First Call) are $1.39 non-GAAP EPS and $9.75 billion in revenues. Today’s guidance is…