The Ostrich Farm: Detroit’s Trouble Gets Worse (F)(GM)(TM)
When the most powerful company in an industry says it won’t makes it numbers, the ripples are bound to look like storm-driven waves. Toyota (TM), for so long certain that it would do well…
All Work
Douglas A. McIntyre
Media Digest 3/20/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, the war between Northrop Grumman (NOC) and Boeing (BA) is now going on in Congress and the public. Reuters says Dell (DELL) will buy $23 billion of components in China in…
FedEx Ready To Deliver Earnings (FDX, UPS)
Thursday we’ll see earnings out of FedEx Corporation (NYSE: FDX). The estimates from First Call are $1.22 EPS on $9.11 billion in revenues. Next quarter estimates are $1.95 EPS on $9.45 billion in revenues.…
Carnival Earnings, Bracing For Travel & Leisure Guidance (CCL, RCL)
Thursday we’ll see earnings out of Carnival Corp. (NYSE: CCL). The estimates from First Call are $0.29 EPS on $3.15 billion in revenues. Next quarter estimates are $0.50 EPS on $3.32 billion in revenues.…
Biotech Movers & Shakers (FOLD, BAX, CYTK, DSCO, HALO, IMCL, SGEN)
Amicus Therapeutics (NASDAQ: FOLD) had a late afternoon surge, up 7% to $10.73. The 52 week range is $9.00 to $18.22. Baxter International (NYSE: BAX)—contaminant in recalled Heparin identified by the FDA today. Shares…
The 52-Week Low Club (COMS, CROX, ERIC, MNST, RYAAY, SEED, SNDK, YRCW)
You’ve always got some weak stocks that hit 52-week lows, particularly in a bear market. But there were many active stand-out names today that normally don’t appear on this screen. 3Com Corporation (NASDAQ: COMS)…
Bookstore Earnings War: Borders Vs. Barnes & Noble (BGP, BKS, AMZN)
Today we’ll see earnings out of Borders Group, Inc. (NYSE: BGP). The estimates from First Call are $1.42 EPS on $1.34 billion in revenues. Next quarter estimates are -$0.40 EPS on $759.44 million in…
Talk of Writedowns Hit Merrill Lynch and Others (MER, BSC, MS)
This is just becoming all too familiar in the financial stocks, and the bears are still in charge since we can’t hold a major up-day. Merrill Lynch & Co. (NYSE: MER) is feeling the…
Starbucks Annual Meeting: Presents Initiatives, Yet Stock Issues Persist (SBUX)
Starbucks Corp. (NASDAQ: SBUX) is holding its annual shareholder meeting today (playing right now), and with shares having slid more than 50% from highs it can’t be any shock that the home of "coffeeflation"…
Nike Stock Stuck In Channel Ahead of Earnings (NKE)
After today’s close of trading, we’ll get to see the earnings report out of Nike (NYSE: NKE). First Call has estimates at $0.81 EPS and $4.36 Billion in revenues. Next quarter is also its…
Globalstar Offering Could More Than Double Its Size (GSAT)
Globalstar Inc. (NASDAQ: GSAT) filed for a shelf registration of mixed securities this morning that would allow it to sell up to $700 million. The registration will allow it to sell debt securities, common…
SPAC Warrant Separation: GHL Acquisition Corp. (GHL, GHQ, GHQ-U, GHQ-WS)
GHL Acquisition Corp. (Amex: GHQ-U), a special purpose acquisition company or SPAC, has announced that it has allowed for the separation in trading of its common stock and warrants. This SPAC will thus no…
CardioNet Priced At Bottom of Range, Trades Lower From Start (BEAT)
CardioNet Inc. (NASDAQ: BEAT) priced its 4.5 million share IPO at a price of $18.00 per share. The San Diego, California-based provider of real-time patient heart monitoring systems had originally set the range at…
ETF LAUNCH: Foreign Government Inflation-Index Bonds
There is a new ETF launching today, and this one is a foreign government bond inflation-protected ETF. State Street Global Advisors, the investment management arm of State Street Corporation (NYSE: STT) announced that the…
Visa Opens For Trading
Visa, Inc. (NYSE: V) has just opened for trading after its record IPO for a US-listing. The buy interest has been increasing all morning. Visa shares have just opened for trading at what looked…
Thornburg Financing Conditions Hinder Shares (TMA)
Thornburg Mortgage, Inc. (NYSE:TMA) is seeing shares get hit this morning. While new financing may be a reprieve, it looks like it is coming at a high price with conditions that will be difficult…
3Com Sets Stage To Pursue Merger Break-Up Fee (COMS)
3Com Corporation (NASDAQ: COMS) intends to proceed with its currently scheduled shareholder meeting on Friday, March 21, 2008 to enable 3Com shareholders to vote on the company’s existing merger agreement with affiliates of Bain…
E*Trade, Still Growing Account Base (ETFC)
E*TRADE Financial Corporation (NASDAQ: ETFC) has noted that customer cash and depositsincreased by nearly $1 billion in February, although total retail customer assets including customer cash and securities fell 1.7% month over month to…
Visa Taking $17.9 Billion in Market Trading Capital (V)
Visa, Inc. (NYSE: V) will trade this morning. The deal has priced at $44.00 per share, which is $2.00 above the range of $37.00 to $42.00 per share. That is also what we noted…
Morgan Stanley (MS) Results Poor, But Investors Relieved
Morgan Stanley (MS) followed other Wall St. firms with poor results and the company said the future was doubtul. But, the numbers were good enough to keep the horses in the barn. The company…