Asia Markets 7/29/2008 (SNE)(TM)(LFC)(CHL)
Markets in Asia were off sharply. The Nikkei fell 1.6% to 13,141. Ricoh was off 3.5% to 1697. Sony (SNE) was off 3.2% to 3210. Toyota (TM) was off 2.6% to 4750. The Hang…
All Work
Douglas A. McIntyre
Cramer Likens Sirius-XM To Lotto Ticket (SIRI, XMSR)
Jim Cramer came out tonight on CNBC’s MAD MONEY discussing his trade idea for the satellite radio merger approval. This is to focus on the current situation and pitfalls for shares of Sirius Satellite…
Cuil: The Worst Tech Company Launch Of The Year
A company that plans to compete with Google (GOOG) probably needs to get off to a good start. Google’s size and market share would make the task of getting into its business seem nearly…
Merrill Lynch (MER): “We don’t need cash!!! We need cash!!!”
If you reviewed our technical break-down call in Merrill Lynch (NYSE: MER) today at Volume Spike you might not be surprised about tonight’s news. The brokerage and investment banking firm is raising capital and…
Put Crocs (CROX) On The Block
Crocs (CROX) Crocs may actually be moving into the stage where its price and market cap are so low that it could become a takeover target. After announcing awful quarterly numbers and a weak…
National Oilwell Varco Earnings On Deck (NOV)
On Tuesday morning, we’ll get to see earnings out of National Oilwell Varco, Inc. (NYSE: NOV). The oil rig and components manufacturer is expected to post $1.13 EPS on $3.2 Billion in revenues. Estimates…
Budget Deficit Balloons; Housing Slumps
Today’s economic news is downright depressing. The federal budget deficit is expected to rise to $482 billion, or 3.3 percent of GDP, up from $389 billion, or 2.7 percent of GDP, this year, according…
Coach: Enough Earnings In That Purse? (COH)
Before the open of trading on Tuesday morning, we’ll get to see earnings out of Coach Inc. (NYSE: COH). The purse and apparel maker is expected to post $0.50 EPS on $777.6 million in…
Amgen Defying Earnings Concerns (AMGN)
Earnings out of Amgen Inc. (NASDAQ: AMGN) appear to be strong enough to defy any notions that the big osteoporosis news would render this particular earnings report immaterial. The biotech giant just posted adjusted…
52-Week Low Club (AEG, AMD, BKD, CHRT, CMG, CVI, GEHL, JOBS, LRCX, LSCC, MNI, MU, MSA, NOOF, RYL, THQI, VMED, WSM)
Today was another ugly day on Wall Street as sellers are winning over the conviction that the rumors that the bear was dead might be grossly exaggerated. You’ll probably recognize many chip stocks on…
Amgen Earnings Now A Coin Toss? (AMGN)
After today’s close, we’ll be getting earnings out of biotech giant Amgen Inc. (NASDAQ: AMGN). It’s amazing how the company’s strong osteoporosis data has suddenly gotten the company out of the gutter and suddenly…
Mosiac Braces For Earnings (MOS, POT, MOO)
After today’s close, we’ll get to see earnings out of Mosaic Co. (NYSE: MOS). The fertilizer and potash giant is expected to post $1.64 EPS on $2.85 Billion in revenues. Estimates for next quarter…
Kraft (KFT) Shines While Tyson (TSN) Stinks
Kraft Foods Inc. (KFT) blew away Wall Street’s earnings expectations and raised its guidance as it was able to raise prices sufficiently to cover increasing commodity costs. Meanwhile, Tyson Foods Inc. (TSN) posted a…
Even Healthy Companies Can’t Get Loans
In a turn that no one could have expected, the banking community is in such a tight credit fix that even companies with near-perfect credit cannot get loans. As one small company borrower told…
VeriFone Sets Do or Die Date With SEC (PAY)
VeriFone Holdings Inc. (NYSE: PAY) is seeing a rather solid recovery this morning early on, but the volume is rather light considering its past and shares have already pulled back nearly 5% from its…
Verizon (VZ) Rise Driven By Broadband And Wireless
Wireless and broadband sales drove a strong quarterly performance for Verizon (VZ) EPS rose to $.66 from $.58 in the same period a year ago. The company added 1.5 million new wireless subscribers to…
Top Pre-Market Analyst Upgrades (AFL, AMGN, BBY, CHTT, CVH, HNT, KMB, PCLN, RDC)
These are not all of the upgrades or positive calls we have seen, but these are some calls moving shares this Monday morning: AFLAC (AFL) Raised to Outperform at Raymond James. Amgen (AMGN) Raised…
Top Pre-Market Analyst Downgrades (JOBS, AUO, AVR, CRDN, CLX, DKS, GR, MPEL, PLXS, VSE)
These are not all of the downgrades or negative calls we have seen, but these are some calls moving shares this Monday morning: 51jobs (JOBS) Cut to Sell at Goldman Sachs. AU Optronics (AUO)…
Some Of America’s Most Prominent Companies Face Massive Dilution (SIRI) (AMR)(FRE)(C)(AMD)(FNM)(GM)(CHTR)
The national economy has gotten so bad, driven by high commodities prices and a credit crisis which cannot seem to find a bottom, that some of America’s most well-known companies will have to raise…
Google’s (GOOG) New Rival, Cuil, Doesn’t Work
Google (GOOG) has a new rival, Cuil. Out of the box, it seems hopelessly broken. The news search engine claims it covers three times as many web pages as Google.