Best Buy Gives The ‘All-Clear’ Signal (BBY, CC)
Electronics, entertainment, and appliance retail giant Best Buy Co, Inc. (NYSE: BBY) has just posted earnings. This last quarter was a 10% rise to $1.71 EPS in a revenue gain to $13.418 Billion. First…
All Work
Douglas A. McIntyre
Trina Solar Locks-Up Supply Pacts (TSL)
Trina Solar Limited (NYSE: TSL) has announced that it has signed a long-term polysilicon supply agreement with a subsidiary of GCL Silicon Technology Holdings Ltd. Under the terms of this agreement, GCL Silicon Technology…
Top 10 Pre-Market Analyst Calls (AFL, CROX, DKS, DWA, EXPD, ERIC, POT, STT, UST, XTO)
Below are the top analyst calls we are focusing on this Wednesday morning: AFLAC (NYSE: AFL) cut to Neutral from Buy at UBS. Crocs (NASDAQ: CROX) cut to Neutral from Overweight at JPMorgan. Dick’s…
Financial Blog Wars Heat Up
A looks at comScore data for January and February show that the battle between the two largest financial blogs, Seeking Alpha and BloggingStocks, is getting more competitive. In February, Seeking Alpha had 797,000 unique…
Yahoo! Finance And AOL Money Jockey For Top Spot
The top spot among American financial sites has become more of a two-horse race each month. In February AOL Money has 83.1 million visits and Yahoo! Finance weighed in with 81.1 million. MSN Money…
China Bribes Nigeria: The Oil Markets Go Up For Auction
If China can’t come by oil in the open market, it can send a big check to a country with oil which could use a few bucks. According to the FT "China has offered…
How Does A Market Move Up 400 Points On Bad News?
Rally caps were out in force yesterday with the Dow moving up almost 400 points. How and why it did that in a day of predominantly bad news is hard to fathom. The FT…
Portable Intel (INTC) (AAPL) (RIMM) (NOK)
Intel (INTC) has decided to push into the chip market for small mobile devices which can access the internet. According to The Wall Street Journal "Intel, which largely missed out on the market for…
With Shanghai Market Down 45%, The Ghost of Christmas Yet to Come
Two years ago the Shanghai Composites was at 1,300. It got over 6,000 last October and trades at about 3,300. At its recent 52-week low, it was off almost 50% from its peak. According…
Interest In Motorola (MOT) Handset Business Fades
After kicking the tires at Motorola’s (MOT) handset unit China’s Huawei Technologies said it would pass. The Asia-based company is one of the largest makers of handsets in the world. According to Reuters "Huawei…
News Digest 4/2/2008 Reuters, WSJ, NYTImes, FT, Bloomberg
According to Reuters, Lehman (LEH) raised $4 billion. Reuters writes that US factory orders probably fell in February. Reuters reports that the Fed approved the JPMorgan (JPM) purchase of Bear Stearns (BSC) Reuters writes…
Asia Markets 4/2/2008 Big Rally (HMC)(SNE)(LFC)(CHL)
Markets in Asia rallied. The Nikkei was up 4.2% to 13,189. Honda (HMC) rose 7.3% to 3110. NEC rose 5.7% to 405. Sony (SNE) rose 5.9% to 4300. The Hang Seng rose 3.6% to…
Sprint (S) Can’t Get A Piece Of Apple (AAPL) iPhone
Sprint (NYSE: S) is about to release a new phone from Samsung which has many of the features of the Apple (NASDAQ: AAPL) iPhone. According to MarketWatch "The new Samsung Instinct, available from Sprint…
Security Spending Tightens, LoJack Warns For Year (LOJN)
Shares of LoJack Corporation (NASDAQ: LOJN) are being hit hard in after-hours trading. The company is issuing an earnings warning for 2008, although it is quick to point out that this is believed to…
Globalstar $135 Million Funding & Share Lending Agreement (GSAT)
Globalstar, Inc. (NASDAQ: GSAT) intends to offer $135 million of Convertible Senior Notes due 2028, with a $15 million overallotment. Merrill Lynch and Deutsche Bank Securities Inc. will act as joint Book-Running Managers for…
The 52-Week Low Club (TDC)(WLSN)(PACT)(ABTL)
Teradata Corp (TDC) Not any news. Slow sell-off all day. Down to $20.11 from 52-week high of $30.08. Wilsons The Leather Experts (WLSN) CEO leaving. Falls to $.14 from 52-week high of $2.36. Pacificnet…
Another Bear Stearns Director Unloads Shares (BSC, JPM)
Another director of Bear Stearns Companies, Inc. (NYSE: BSC) has unloaded his holdings as the stock was trading north of a buyout price for some time. Paul A. Novelly, a director, has unloaded 125,000…
Talbots, When Low Growth Is Good Enough (TLB)
Talbots (NYSE: TLB) is seeing shares surge today after the apparel maker and retailer unveiled its strategic plan for long-term growth and for productivity improvement. For starters, the company reaffirmed its guidance and it…
US Car Sales: Even Toyota (TM) Has A Bad Month
It says a lot when sales of Toyota’s (TM) are actually falling. In March, vehicle sales for the big Japanese company fell 10.3% in the US market to 217,730, Total passenger car sales fell…
Apple (AAPL) And RIM (RIMM): A Two-Horse Race In Smartphones
New research out today shows that Research In Motion’s (NASDAQ: RIMM) Blackberry still holds the high ground in the smartphone business, but Apple (NASDAQ: AAPL) is marking significant inroads. Palm (NASDAQ: PALM) continues to…