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…
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.
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.
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 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 & 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…
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 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 (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 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…
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 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 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 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…
No one should be surprised that food companies are passing along tremendous increases in the prices of commodities. Consumers will be paying more for everything from hot dogs to corn flakes. Even the prices…
Apple Inc. (NASDAQ: AAPL) is going to be the key earnings for tech stock investors and traders today. Last week we pointed out that the stock was using its 200-day moving average as support,…
The cellular handset business may not be as bad off as some analysts suppose. Result from Korean electronics company LG, which operates at the high end of the market, were fairly strong. For the…
These are among the top analyst Downgrades or negative analyst calls affecting shares this Monday morning in pre-market trading: Constellation Energy (NYSE: CEG) Downgraded to Underperform at Jefferies. Fidelity National (NYSE: FIS) Cut to…
Just when the economy needs banks to be opening their doors for more lending, they are locking the safe down tight. According to The Wall Street Journal, "The heavy losses banks have taken on…
Yahoo! Inc. (Nasdaq:YHOO) just took away any near-term embedded call option in its stock. The company has reached an agreement with Carl Icahn to settle their pending proxy contest related to the annual meeting,…