Yum! Guidance Only Catches Up To Analysts (YUM)
Yum! Brands Inc. (NYSE: YUM) just posted earnings and the fast food giant posted $0.45 EPS on $2.65 Billion in revenues (after $330 million in license fees). First Call had estimates at $0.42 EPS…
All Work
Douglas A. McIntyre
eBay Tops Estimates, But Too Conservative Ahead (EBAY)
We just got earnings out of online auction giant eBay Inc. (NASDAQ: EBAY). The company posted $0.43 EPS (non-GAAP) and $2.2 Billion in revenues, which compares to First Call estimates of $0.41 EPS on…
Merrill Lynch (MER) To Sell Bloomberg Shares For $4.5 Billion
According to CNBC, Merrill Lynch (MER) will sell its share in Bloomberg to trust holding Bloomberg ownership for $4.5 billion. The same reports says that Merrill will not sell its piece of Blackrock (BLK)…
The 52-Week Low Club 7/16/2008 (STX)(GCI)(GHS)(OESX)
Seagate (STX) Misses numbers and gets pounded. Down to $14.27 from 52-week high of $28.91. Gannett (GCI) Advertising revenue falling fast. Drops to $14.62 from 52-week high of $55.37. Gatehouse (GHS) Another big newspaper…
June 2008 FOMC Minutes: Discrepancies Of Fed Opinion Rising
If you love to review the totality and formal minutes you can see the full release of the JUNE FOMC MINUTES for the meeting adjourned on June 25. Here are some of our own…
Middle East ETF Launch: WisdomTree Middle East Dividend Fund (GULF, WSDT)
We have seen the launch today on the NASDAQ of the WisdomTree Middle East Dividend Fund(NASDAQ: GULF). WisdomTree (PinkSheets: WSDT) is the manager of the index and the ETF. The WisdomTree Middle East Dividend…
Africa ETF Launched: Market Vectors-Africa Index ETF (AFK)
This week was the launch of a new ETF called Market Vectors-Africa Index ETF (NYSE: AFK) for US investors looking to place investments in Africa. We have covered this section of emerging markets and…
Shell Invests Further in Cellulosic Ethanol (RDS-A) (RDS-B)
Royal Dutch Shell plc (NYSE: RDS-B) and Iogen Corporation announced Tuesday an extended commercial alliance that will accelerate their development and deployment of cellulosic ethanol. This includes a significant investment by Shell in technology…
Gannett (GCI): USA’s Largest Newspaper Company Takes A Hit
Even though the market expects poor results from newpaper companies, the actual results can come as a shock. Gannett (GCI) is off over 5% to a 52-week low of $15.93 on poor numbers. GCI…
AMR Still Flying, With Caution (AMR)
AMR Corporation (NYSE: AMR), American Airlines’ parent, reported a Q2 net loss of $1.4 Billion or -$5.77 EPS. Results include special charges of $1.1 billion non-cash accounting charges to write down the value of…
Taking The “Stag” Out of Stagflation
The Labor Department said that the Consumer Price Index rose 1.1% last month. Energy alone was up 6.6%. Both figures were higher than what Wall St. expected. Inflation is here to stay. Energy and…
R-I-M Takes a Downgrade (RIMM)
Research-In-Motion Ltd. (NASDAQ: RIMM) is seeing shares trade lower this morning in pre-market trading. The Blackberry Smartphone maker saw its shares downgraded this morning as shares were cut to "Underperform" from Hold at Needham. …
ERBITUX Gets Approved in Japan for Colorectal Cancer (IMCL, BMY)
ImClone Systems Incorporated (NASDAQ: IMCL) has just announced that ERBITUX(R) has received marketing authorization in Japan for use in treating patients with advanced or metastatic colorectal cancer (mCRC). This approval will allow the use…
Delta Cautious But Not Suicidal (DAL, NWA)
Delta Air Lines (NYSE: DAL) is in an odd spot this morning. The company beat earnings and claims a gain before extraordinary items, yet it still had a wide loss on a net income…
Top Pre-Market Analyst Downgrades (ADCT, ADTN, CBI, CIEN, CSCO, PAC, OESX, SAI, TWTC, USB, VRAZ)
These aren’t all of the downgrades or negative analyst calls we have seen this Wednesday, but these are some of the impact analyst calls we are seeing: ADC Telecommunications (NASDAQ: ADCT) Cut to Neutral…
Top Analyst Upgrades (BWA, CLWR, CLF, CSX, NTLS, PFCB, VPHM)
These aren’t all of the upgrades or positive analyst calls we have seen this Wednesday, but these are some of the impact analyst calls we are seeing: BorgWarner (NYSE: BWA) Raised to Outperform from…
Sony (SNE) Makes Certain Video Download Business Has Become A Commodity (AAPL)(AMZN)
Sony (SNE) will add the ability to download and play movies as the latest service for its PS3 video console product. Several companies like Amazon (AMZN) and Apple (AAPL) began offering similar services some…
Toyota (TM) Cries “Uncle”
Toyota (TM) has finally succumbed to the same reality that the rest of the car industry has. It will cut its global sales forecasts by nearly 4% for 2008. Most of that is certainly…
Killing The Dividends At Fannie Mae (FRE) And Freddie Mac (FRE)
GM (GM) cut its dividend to zero. It is a nifty way to save a lot of money and, once a company’s shares have fallen by a huge amount, investors almost expect it. Several…
Damaging The Market By Curbing Short-Selling (FNM)(FRE)(MER)(LEH)(MS)(GS)
Newly-minted legend says that short-selling put Bear Stearns out of business and has swamped the stock prices of Lehman (LEH), Fannie Mae (FNM), and Freddie Mac (FRE). To keep evil from further invading the…