Google (GOOG) Earnings: A Perfect Proxy For Small Business
Google’s (GOOG) earnings are ancient news now. The search company did much better than expected. The economy did not bring it down like a rhino killed off in the wild. The company’s Q3 EPS…
All Work
Douglas A. McIntyre
Media Digest 10/17/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, policy makers around the world are trying to deal with the fact that the economy is moving into a deep recession. Reuters writes that Google (GOOG) exceeded forecasts and its shares…
Asia Markets And Europe Open 10/17/2008
Markets in Asia were mixed. The Nikkei was up 2.8% to 8,694. NTT DoCoMo rose 7% and NTT was up 8%. The Hang Seng fell 1.4% to 15,012.. The Shanghai Composite rose 1.1% to…
GM (GM) Deal To Takeover Chrysler Makes Progress, Creating Opportunity For Disaster
The merger talks between GM (GM) and Chrysler appear to be heating up. GM would like to have an agreement by the end of this month. Putting the two companies together would be a…
AMD (AMD): More Of The Same, Which Is Not Good
AMD (AMD) had another dreadful quarter. It is a wonder that the NYSE even lets the company keep its membership card. The firm reported third quarter 2008 revenue from continuing operations of $1.776 billion,…
Gilead Boosted Partly By Currencies (GILD)
Gilead Sciences Inc. (NASDAQ: GILD) has just issued its third quarter earnings at $0.52 net EPS and $0.55 non-GAAP EPS and $1.37 billion in revenue. First Call had estimates at $0.49 non-GAAP EPS and…
IBM (IBM) Makes Numbers
IBM (IBM) had already told the market that it had done remarkably well in Q3. The company confirmed that today. IBM announced third-quarter 2008 earnings of $2.05 per share from continuing operations compared with…
Google (GOOG): Low Expectations, Great Achievement
Analysts have been revising down their expectations for Google’s (GOOG) third quarter for weeks. The search company did not have much to measure up to. A slowing economy moved consensus estimates to EPS of…
Coal and Steel Play Follow the Leader (IIIN, RS, ACI, BTU, MEE, NUE)
Two small-cap steel companies reported earnings before the market opened today. Insteel Industries (NASDAQ:IIIN) beat analysts’ estimates of $0.60 EPS on $101 million in revenue, posting EPS of $0.89 on revenues of $106 million.…
Microsoft (MSFT) Tortures Yahoo! (YHOO)
Microsoft (MSFT) CEO Steve Ballmer is torturing Yahoo!’s (YHOO) board for not taking his $33 buy-out offer. Recently, Yahoo! was below $12. Ballmer commented that the transaction would still "make sense economically" for both…
Real Goods Solar In The Shade (RSOL, GAIA)
Real Goods Solar (NASDAQ:RSOL) came public in May at $10.00 per share (at the bottom of the $10 to $12 range) yet its trading high is only $9.25 this year. It has been dropping…
Financial Stocks: No One Believes Paulson (UBS)(MER)(C)(BAC)(MS)(WFC)(JPM)
Henry Paulson seems like a very large and old Eagle Scout. He would never mislead, at least not on purpose. He gave the impression as he announced that Treasury would dump $250 billion into…
The Plot Thickens at SemGroup, L.P. (SGLP, BX)
Not every piece of SemGroup, L.P. was included in the company’s Chapter 11 filing back in July. The company’s publicly traded midstream subsidiary, SemGroup Energy Partners LP (NASDAQ:SGLP), was spared, as was SemGroup’s SemLogistics…
Kinder Morgan Hiking Payout, Yet Misses Targets (KMP, KMR)
After the market closed yesterday, Kinder Morgan Energy Partners (NYSE:KMP) reported EPS of $0.48 on revenue of $3.23 billion for the third quarter. This is a gain of more than 50% in earnings but…
Day Trader Alert: Aladdin Knowledge Systems (ALDN)
Aladdin Knowledge Systems Ltd. (NASDAQ: ALDN) is seeing shares surge in pre-market trading, albeit on rather thin volume. The data security company posted much narrower losses than expected with a report of -$0.02 EPS…
Nokia (NOK): Trouble For Motorola (MOT)
By some estimates the handset business that Motorola (MOT) plans to spin-out to shareholders next year has no value at all. If the parent company puts some cash in the handset firm’s bank account…
The Bankrupting of Henry Paulson
By John Tamny RealClearMarkets ‘while nationalization has enabled some industries to postpone job losses for a time, the resulting overmanning has usually proved unsustainable and the eventual job losses consequentially greater.’ · Nigel Lawson,…
Top Pre-Market Upgrades & Downgrades (APC, ATPG, BCS, CRZO, DNDN, EBAY, FPL, STM)
These are some of the top analyst upgrades and downgrades we are seeing from Wall Street analysts this Thursday morning: Anadarko Petroleum (APC) Raised to Buy at Jefferies. ATP Oil & Gas (ATPG) Cut…
Citigroup (C) Earnings: Still Sweating
Citigroup (C) is still struggling. The bank reported a net loss for Q3 2008 third of $2.8 billion, or $.60 per. Total assets declined by $50 billion since second quarter 2008 and by $308…
Merrill Lynch’s (MER) Bad Medicine
A lot of people on Wall St. were worried about the future of Merrill Lynch (MER) and were glad when Bank of America (BAC) bought it. Now, Bank of America may be unhappy. Merrill…