Asia Market 8/7/2008 (SNP)(CHU)
Markets in Asia were narrowly mixed. The Nikkei fell 1% to 13,125. KDDI fell 2.8% to 651000. NEC was off 3.5% to 493. The Hang Seng moved up .7% to 22,107. China Petroleum (SNP)…
All Work
Douglas A. McIntyre
SIRIUS First Post-XM Merger Earnings On Deck (SIRI)
On Thursday morning, we’ll get our first real earnings conference call out of Sirius Satellite Radio, Inc. (NASDAQ: SIRI) on a post-XM merger basis. Last week we got some of the preliminary data but…
VeriSign Earnings Neither ScarySign Nor VeriBuy (VRSN)
We have just seen earnings out of VeriSign Inc. (NASDAQ: VRSN). The web versions of "General Eclectic" has a very difficult to compare earnings report because of "total operations" and its core operations. Its…
True Religion, An Earnings Nirvana (TRLG)
True Religion Apparel, Inc. (NASDAQ: TRLG) juust reported Q2 revenues in a gain of 78.9% year/year of $64.2 million and EPS of $0.39 on net income of $9.3 million. The estimates from First Call…
The 52-Week Low Club (WFMI)(INAP)
Acco Brands (ABD) Quartlerly loss. Down to $6.90 from 52-week high of $26.09. Bristow Group (BRS) Lower earnings last quarter. Off to $36.01 from 52-week high of $58.98. Internap Network (INAP) Awful quarter. Sells…
Kraft Speculative Options Trades Going Farther Up On Strikes (KFT)
This morning we gave another heads-up volume spike alert on Kraft Foods Inc. (NYSE: KFT) as traders have been buying up call options after some non-directional high volume trades pulled more speculators into the…
The Airline’s Recent –Death Defying Actions–(AA)(UAL)(DAL)(CAL)
Not long ago daily media stories were predicting which major airline would be the first in line to fail. Las Vegas type odds were given to a list of inevitable airline bankruptcies. There should…
Can VeriSign Live Up To Expectations? (VRSN)
VeriSign Inc. (NASDAQ: VRSN) is set report earnings after the close today, and First Call has estimates at $0.23 EPS on $231.39M in revenues. Estimates for next quarter are $0.26 EPS on $240.59M in…
Microsoft (MSFT): The Big Share Buy-Back In The Sky
Microsoft (MSFT) is going to buy back $20 billion of its shares. Take that to the bank. Maybe. UBS says that investors should expect the move by the world’s largest software company soon. UBS…
EMC Loses on Lack of Cisco Interest (EMC, CSCO, VMW)
EMC Corporation (NYSE: EMC) is having a rough day, yet it is on no news of its own. The blame lies with Cisco Systems Inc. (NASDAQ: CSCO) after its earnings. Is it competition? Is…
Controlling Expenses is the Name of the Game (FWLT, RIG)
This morning, Foster Wheeler Ltd. (NASDAQ:FWLT) and Transocean Inc. (NYSE:RIG) both reported earnings before the market opened. Both reported good earnings, but there are some warning signs to note in each.
Verenium Scores on BP Cellulosic Ethanol Pact (VRNM, BP)
We noticed Verenium Corp. (NASDAQ: VRNM) over at our "price/volume spike" this morning and realized what the cause was. The company’s stock is gapping up significantly after announcing that it has secured a biofuel…
Sprint (S) Screws Up Big
Sprint (S) did about as much damage to itself last quarter as was possible. For starters, the company will sell $3 billion in cumulative perpetual convertible preferred stock. That is a long way of…
Top Pre-Market Analyst Upgrades & Downgrades (ELN, ESLT, LLNW, RDC, SLW, AIG, EAT, ENTR, HNT, INAP, NVS, OEH, PACR, TI )
Upgrades and Positive Calls: Elan (ELN) Raised to Equal-weight at Lehman. Elbit Systems (ESLT) Raised to Buy at UBS. Limelight Networks (LLNW) Raised to Buy at Jefferies. Rowan Cos. (RDC) Raised to Buy at…
Freddie Mac (FRE) Earnings: The Gathering Storm
Freddie Mac’s (FRE) results undercut any hope that things at the quasi-governmental agency would get better soon. Actually, they were an indication that the Treasury will have to get into the act sooner and…
Morgan Stanley (MS): Stealing Home-Equity Loans
Morgan Stanley (MS) has gone to some of its private clients and told them they cannot borrow more on their home equity lines of credit. The customers thought they had signed up for the…
Banking’s Next Big Tempest: Auction-Rates
Misery acquaints a man with strange bedfellows.—Shakespeare, “The Tempest” Auction-rate securities were one of the great inventions of modern banking. By taking long-term bonds and putting them together into a stew, the banks made…
Media Digest 8/6/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, a new tally of votes for the Yahoo! (YHOO) board election shows a high percentage of protest votes. Reuters reports that the Fed held rates steady and indicated it would not…
Asia Markets 8/6/2008 (HMC)
Markets in Asia were higher with Hong Kong closed due to bad weather. The Nikkei rose 2.6% to 13,255. Canon was up 5% to 5090. Honda (HMC) was up 3.9% to 3440. Sanyo was…
Hoku Scores Another Substantial Supply Pact (HOKU)
Hoku Scientific, Inc. (NASDAQ: HOKU) has just announced that its Hoku Materials subsidiary and Tianwei New Energy (Chengdu) Wafer Co., Ltd. have signed a definitive contract for Hoku’s sale and delivery of polysilicon to…