Black Gold Drives Exxon (XOM)
Exxon-Mobil (XOM) has proven once again that while the rest of the economy is in rags, big oil mints money. And, that is the way it should be. No one holding shares in the…
All Work
Douglas A. McIntyre
Icahn, ImClone, Bristol-Myers… A 3-Way Marriage (IMCL, BMY)
Another biotech giant is biting the dust via a buyout offer. ImClone Systems Inc. (NASDAQ: IMCL) has been given a buyout offer from Bristol-Myers (NYSE: BMY) at $60.00 per share. As per the filing:…
Top Pre-Market Analyst Downgrades (AKAM, AVP, CPKI, CBG, FDX, GGP, HOLX, JLL, TIN, THQI, TBL, TROW, USNA)
These are the early bird Downgrades and negative calls from analysts we are seeing this Thursday morning: Akamai (AKAM) Cut to Market Perform at FBR. Avon (AVP) Cut to Hold at Deutsche Bank. California…
GM (GM) Turns From Downsizing To Panic
GM (GM) has developed the pattern of matching bad news with more bad news. Since the company does still have some bright spots, it may want to balance its public relations act. Its relentlessly…
Deutsche Bank (DB) Follows Merrill Lynch (MER) To Signal Crisis Redux
"You can fool some of the people all of the time, and all of the people some of the time, but you can not fool all of the people all of the time."–Abraham Lincoln…
Starbucks (SBUX) Chases The Economy Towards Its Bottom
Starbucks (SBUX) posted its first loss as a public company but gave investors something to hang on to. It reaffirmed that it will do better in fiscal 2009. To do that the company has…
T. Boone Pickens For President
T. Boone Pickens is a Whirling Dervish of a man. At 84, he spins from Congressional appearances to CNN and then stages his own town hall meetings on alternative energy. Pickens now makes more…
Hasbro (HAS) Would Be Nuts Not To Fight “Scrabulous”
Hasbro Inc. (HAS) is getting quite a bit of flack from every corner of the Internet for waging a legal battle against the popular Facebook knock-off of Scrabble called "Scrabulous." Much of the criticism…
Media Digest 7/31/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, T Boone Pickens is seeking an "army" of business leaders and citizens to back alternative energy. Reuters reports that Starbucks (SBUX) posted if first loss as a public company but back…
Asia Market 7/31/2008 (NTT)(CN)(SNP)
Markets in Asia were mixed. The Nikkei was up .1% to 13,377. NEC was up 2.4% to 593. NTT (NTT) was up 4% to 553000. The Hang Seng was up .3% to 22,764. China…
Standard Oil Earnings On Deck: Exxon vs. Chevron (XOM, CVX)
This week has already been an interesting week in the oil patch, but for big oil stocks the expression "You ain’t seen nothin’ yet" is perhaps more appropriate than ever. On Thursday morning we’ll…
Visa’s Earnings Cheer: “Charge!” (V)
Credit card clearing and processing giant Visa Inc. (NYSE: V) just posted earnings with an adjusted $0.59 EPS on $1.6 Billion in revenues. First Call had estimates pegged at $0.48 EPS on $1.55 Billion. …
Starbucks (SBUX) Has First Quarterly Loss In Its History
The expectations for Starbucks (SBUX) were very low. That probably has not been true since the company went public. But, Starbucks was able to come in below a worst case, the hallmark of a…
First Solar Lights The Sky (FSLR)
First Solar, Inc. (Nasdaq: FSLR) is soaring after the close. The company just announced its quarterly earnings of $0.85 EPS on $267 million in revenues. First Call has estimates pegged at $0.58 EPS on…
The 52-Week Low Club 7/30/2008 (CBG)(AUO)(SIMO)(GRMN)
CB Richard Ellis Group (CBG) Big profit drop. Shares off to $13.43 from 52-week high of $38. Au Optronics (AUO) Weak outlook for next quarter, Falls to $12.35 from 52-week high of $22.48. Silicon…
Motorola’s (MOT) Handset Business Is Worth Nothing
Analysts believe that Motorola (MOT) may have dropped into fourth place among the world’s handset manufacturers. Two years ago, it was a strong second with 22% of the market. According to Reuters, "Nine analysts…
Disney Earnings Preview: Hannah vs. Mickey (DIS)
After today’s close, we’ll get to see earnings out of the Mouse House from Walt Disney Co. (NYSE: DIS). First Call has estimates of $0.61 EPS on $9.14 Billion in revenues for this quarter. …
Big Retails Which May Close Or Downsize (CC)(BBI)(PIR)(CPWM)
It is now no secret that we are in a very weak economic environment and if it is not an official recession it is for about 80% of the country. We’ve already seen some…
Does Comcast (CMCSA) Deserve The Benefit Of The Doubt?
Comcast Corp. (NASDAQ: CMCSA) is a company that Wall Street just loves to hate. Much of the antipathy directed toward the Philadelphia-based cable giant seems justified since it faces a myriad of competitors and…
AmTech Looking for CPU Space Changes (AMD, INTC, BRCM)
American Technology Research has an interesting note out this morning calling for changes in the CPU space where Advanced Micro Devices (NYSE: AMD) and Intel Corp. (NASDAQ: INTC) compete. The call is mainly a…