Caterpillar (CAT) Sails To Distant Shores
Caterpillar (CAT) said second-quarter net income rose 34% to $1.1 billion, or $1.74 a share, from $823 million, or $1.24 a share in the year-ago period, on strength in its overseas business.
All Work
Douglas A. McIntyre
Wachovia (WB) Blows Itself Up
As it announced earnings, Wachovia (WB) told the market that it would have to nearly destroy itself to make a comeback.
Top 10 Early Bird Analyst Calls (ARTC, AGO, FDRY, IFF, PETS, PDS, CRM, SNDK, TEF, TXN)
These are ten of the early bird analyst calls we are seeing this Tuesday morning with over 2 hours to the open: ArthroCare Corp. (NASDAQ: ARTC) Cut to Market Perform at William Blair. Assured…
Do Fannie Mae (FNM) And Freddie Mac (FRE) Know What They Have On Their Books?
One of the most odd piece of financial news so far this year is that the federal government is sending in some of its accounting experts to see what the books of Fannie Mae…
Europe Rescues McDonald’s (MCD)
Europeans must want to eat a lot of fatty food and get heavy like many Americans are. McDonald’s (MCD) will probably pick up a big chunk of its Q2 earnings out of the EU.…
American Express (AXP) Earnings, Most Important Numbers Of The Quarter
While Wall St. was fixated on Apple’s (AAPL) numbers and the health outlook for Steve Jobs, American Express (AXP) slipped through the side door with some frightening numbers. Apple’s earnings said something about the…
As Lenovo Falters, HP (HPQ) And Dell (DELL) Sweat
Share of large China-based PC company Lenovo were downgraded overnight. According to Reuters, "JP Morgan downgraded Lenovo to neutral from overweight due to a near-term slowdown in revenue growth from weak China demand and…
GM (GM) And Ford (F) Late In The Game, Rush To Save Themselves
Ford (F) and GM (GM) are each announcing new plans to save themselves from the earnings garbage bin and give their shareholders some needed hope. It is awfully late to get started.
Media Digest 7/22/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, Apple (AAPL) missed Wall St. expectations, sending the stock down by 10%. Reuters reports that American Express (AXP) profits fell on credit losses.
Asia Markets 7/22/2008 (CHU)(CN)
Markets in Asia were mostly higher The Nikkei rose 3% to 13,185. Canon was up 4.3% to 5,150. Honda (HMC) was up 5.3% to 4600. The Hang Seng moved higher by .6% to 22,675.…
Brocade Spreads Its Wings With Foundry Buyout (BRCD, FDRY, CSCO, JNPR)
Brocade Communications Systems Inc. (NASDAQ: BRCD) has announced an agreement to acquire Foundry Networks, Inc. (NASDAQ: FDRY). Brocade will pay a combination of $18.50 of cash plus 0.0907 shares of Brocade common stock in…
Merck Visits The Proctologist (MRK)
Merck & Co. (NYSE: MRK) posted earnings that look pretty good on the surface. The problem is that the surface is about the only thing that looked appealing for the drug giant today. Merck…
Texas Instruments (TXN): A Quarter To Forget
Wall St. expected Texas Instruments (TXN) to post earnings of 45 cents a share on revenue of $3.39 billion, according to a survey by FactSet Research. But, TXN came in with secondquarter revenue of…
Apple Guidance Too Conservative For Bulls (AAPL)
Apple Inc. (NASDAQ: AAPL) just posted earnings of $1.19 EPS and $7.46 Billion in revenues. First Call had estimates of $1.08 EPS and $7.37 Billion in revenues. The company is guiding next quarter to…
American Express Internals Deteriorate Rapidly (AXP)
American Express (NYSE: AXP) just posted $0.56 EPS on $7.484 Billion in revenues, although we would note that there are items in these results from continuing operations. First Call had estimates of $0.83 EPS…
SanDisk Turns Earnings Into Sand (SNDK)
SanDisk Corp. (NASDAQ: SNDK) has posted poor earnings today. The flash memory leader posted -$0.10 EPS on a non-GAAP Basis on $816 million in revenues. Earnings estimates from First Call were $0.13 EPS on…
The 52-Week Low Club 7/21/2008 (ARTC)(SFI)(TXT)
Textron (TXT) Tough earnings and a downgrade from UBS. Falls to $39.77 from 52-week high of $74.40. IStar Financial (SFI) Bad quarter, higher loan loss provisions. Tumbles to $7.30 from 52-week high of $42.40.…
Small Business Turns Against “Uncle Sam”
Small businesses think they are being abandoned by the federal government just when they really need something in exchange for their tax dollars. A new poll from American Management Services reveals that almost no…
BankAtlantic Sues Ladenburg Thalmann & Analyst Bove After Research Report (BBX, LTS)
BankAtlantic Bancorp (NYSE:BBX), the parent company of BankAtlantic, is doing something rather unique. It is suing brokerage firm Ladenburg Thalmann, part of Ladenburg Thalmann Financial Services Inc. (AMEX: LTS), and its bank analyst Richard…
SanDisk Braces For Earnings (SNDK)
SanDisk Corp. (NASDAQ: SNDK) is set to report earnings today after the close. While the company will have to compete for headline and eyeball interest against Apple, this is a key stock that many…