Europe Markets 4/18/2008 (BCS)(DB)(FTE)
Markets in Europe were up modestly at 6.25 AM New York time. The FTSE rose .6% to 6,013. Barclays (BCS) fell 1.1% to 473.5. Lloyds fell 2.6% to 431.25. The DAXX was up .8%…
All Work
Douglas A. McIntyre
As Natural Gas Rises, So Do The Fed’s Problems
The Wall Street Journal was good enough to point out that the price of natural gas in the US is up 93% since last August. Part of the reason is international demand. The paper…
AMD (AMD): Still In The Woods Without A Guide
The good news about AMD’s (AMD) first quarter news was that the bad news was not worse. The Intel-Jr. of the chip world reported Q1 2008 revenue of $1.505 billion and a net loss…
The FBI Eyeballs Subprime (CFC)(GS)(MS)
The FBI is looking into why the subprime market fell apart. As a matter of fact, it wants those who are guilty to turn themselves in so they do not have to be pursued…
Andrew Cuomo: The Eliot Ness Of Auction-Rates (C)(MER)(MS)
New York State Attorney General Andrew Cuomo wants the job his father used to have. He wants to be governor of the Empire State. He wants to fight evil. He want to bring the…
Media Digest 4/18/2008 Reuters, WSJ, NYTImes, FT, Bloomberg
According to Reuters, RBS (RBS) plans a rights offering next week to raise capital. Reuters reports that Google (GOOG) beat Wall St. expectation. Reuters reports that NY State will investigation the auction-rate securities debacle.…
Asia Markets 4/18/2008 (CHL)(SNP)
Markets in Asia were mixed. The Nikkei rose .6% to 13,476. Casio rose 4.9% to 1423. Hitachi rose 2.3% to 667. The Hang Seng fell .4% to 24,168. China Mobile (CHL) rose 2.5% to…
Intrepid Potash Hiked IPO Terms, From Hot To Scorcher (IPI)
Intrepid Potash Inc. is soon to be pricing an IPO, and the "hot status" was just confirmed. With all the hype and pricing power of anything tied to potash, nitrates, fertilizer, and anything tied…
Google’s (GOOG) Black Box Wins, Again
Almost no one knows what an algorithm is. The management at Google (NASDAQ:GOOG) doesn’t care. The company’s shares are up almost 20% after hours. Those who doubted the firm’s ability to improve its business…
AMD.. Bad, But…. (AMD, INTC)
Advanced Micro Devices (NYSE: AMD) is somehow managing to hang in there, despite waves of bad internal news. The number two processor company said its first quarter losses narrowed to $358 million, but its…
E*TRADE Earnings Disappoint, But Survival No Longer Under Question (ETFC)
E*TRADE (NASDAQ: ETFC) has posted earnings of -$0.20 EPS on a net loss of $91.2 million, and its net revenues were nearly $316 million and estimates from First Call were -$0.10 EPS on $363.94…
Google (GOOG) Explodes Upward, Stock Up 17%
Google (NASDAQ: GOOG) sold off slightly, just over 1%, into the close. Then, all hell broke out. Shares moved up 17% immediately after earnings hit. Google reported revenues of $5.19 billion for the quarter…
The 52-Week Low Club (BGG)(LVS)(CRMH)(EPIC)
Briggs & Stratton (BGG) Earnings below estimates. Drops to $14.71 from 52-week high of $33.40. Las Vegas Sands (LVS) Industry slow, looking at job cuts. Falls to $65.72 from 52-week high of $148.76. Novartis…
Dell May Be Catching H-P, Apple Stays Hot (DELL, HPQ, AAPL)
It appears that PC sales held up better than many have feared, and recent tech earnings this week aren’t signaling the end of the run. Data released last night from Gartner and from IDC…
Inuitive Surgical Earnings To Set Stock Status (ISRG)
After today’s close, we’ll see earnings out of Intuitive Surgical, Inc. (NASDAQ: ISRG). The estimates for the DaVinci robotic surgical device maker from First Call are $0.98 EPS on $178.21 million in revenues. Next…
Nasdaq Delisting Candidates, To The Pink Sheets
The list of possible delisting candidates is too long to publish here. These companies are called "non-compliant" usually for late SEC filings or stock prices which trade below the exchange minimum share price. Most…
NYSE Delisting Candidates, Headed To The Pink Sheets?
With the sudden delisting of the Journal Register, it is interesting to look at who else is on the NYSE list of companies who could get delisted. The NYSE is generally very good about…
Is Southwest The Only Profitable Air Carrier? (LUV, CAL, AMR, DAL, NWA)
Southwest Airlines Co. (NYSE: LUV) may be one of the few remaining profitable airlines. The company posted earnings this morning with a $34 million profit, or $0.05 EPS, and $0.06 EPS before one-time items. …
TD AMERITRADE & SCHWAB Satisfy, Awaiting E*TRADE (AMTD, SCHW, ETFC)
TD AMERITRADE (NASDAQ: AMTD) came in with a solid report of $0.31 EPS on $623 million revenues. First Call had estimates $0.31 EPS on $615.66 million in revenues. It also reaffirmed guidance for FY2008…
NY Times (NYT), Bad Quarter But Worse March
The New York Times Company (NYSE: NYT) had a "challenging" first quarter.Total revenue fell almost 5% to to $748 million. Expense dropped only 1% to $723 million. The company’s odd About.com online operation was…