Sony (SNE) Seeing No US Recession
Sony (NYSE: SNE) is still selling its share of television in the US and a poor economy, to the extent that it exists, is not keeping people away. "We have already had a solid…
All Work
Douglas A. McIntyre
Big Lots Short Sellers Run for the Hills (BIG)
Big Lots Inc. (NYSE: BIG) has managed to beat lower and lower estimates this morning and its guidance for fiscal 2009 has sent the short sellers scrambling. The discount retailer posted $0.93 EPS for…
Pfizer Sets Its 2008 Path For Analysts (PFE)
Pfizer Inc. (NYSE: PFE) has given some of its basic data points for its analyst meeting today. For starters, the company has reaffirmed its guidance for 2008 that it previously offered. That guidance is…
WiMax Gets Big Win In India (S)(CLWR)
Sprint (NYSE: S) and Clearwire (NASDAQ: CLWR) may want to move to India. According to The Inquirer Tata Communications plans to have 15 major cities using its retail WiMax solution by early 2009. It…
LP IPO Spin-Off: K-Sea GP Holdings LP (KSP)
K-Sea GP Holdings LP has filed to come public via an initial public offering this morning. It has filed to sell up to $100 million in LP units for filing purposes, although that number…
24/7 Wall St. Interview With TradeKing CEO Don Montanaro
24/ Wall St:. If the economy continues to drop and the markets sell off another 10% will there be a significant impact on discount brokerage earnings? What could the magnitude of that be for…
Costco Mostly In-Line Earnings (COST)
Costco Wholesale Corp. (NASDAQ: COST) has posted earnings of $0.74 per share EPS on revenues of $16.62 Billion. First Call had estimates at $0.74 on EPS and $16.85 Billion in revenues. For Feb/March, Costco…
Top 10 Pre-Market Analyst Calls (DD, ELN, LOGI, MSFT, OMPI, PDLI, RRGB, RMG, WHR, XFML )
These are not all of the analyst calls moving stocks this morning, but these are the top ten individual analyst calls that 247WallSt.com is focusing on this morning: DuPont (NYSE: DD) started as Outperform…
Europe Markets 3/5/2008 (HBC)(SI)
Markets in Europe were up about 1% at 6.35 AM New York time. The FTSE rose .7% to 5,810. British Airways was up 3.3% to 258.75. HSBC (HBC) was up 2.5% to 788. The…
An Energy User’s Guide To The Universe
Oil prices are at $100 and may go higher. OPEC says that is because of speculators driving the prices up. The US government says it is supply. Over time, supply wins the argument. At…
The Election Gets Bad For The Stock Market
Since the next President will not sit in his or her office until next January, there is little that person can do, directly at least, about the current economic crisis. Many, if not most,…
Big Banks: What To Do When The Money Runs Out
Ill-timed remarks by Sameer Al Ansari, chief executive of Dubai International Capital hurt Citigroup’s (C) shares yesterday. The man said that Citi would need more capital and that it might not be available from…
OPEC Set To Keep Oil Output Flat
It now appears that OPEC will not lower production despite the entreaties from the US and other big oil consuming countries. OPEC ministers said that rising prices had little to do with supply. They…
GM (GM) CEO Loses His (Real) Job
GM (GM) CEO Rick Wagoner got kick upstairs to the realm of the Zeppelin pilots yesterday. The company said that he did not lose any of his authority, but it put in a new…
Apple (AAPL): Steve Jobs In No Robin Hood
Apple (NASDAQ:AAPL) had a chance to do a something for shareholders who have seen the stock drop from $202 to $124 in a little over two months. Company founder Steve Jobs is a billionaire,…
CEOs Time Stock Gifts A Little Too Well (HMA)(MSM)
It looks like CEOs are timing stock gifts, especially those to their family foundations, a little too well A study by a professor at New York University looked at 151 gifts over over $1…
A Yahoo! (YHOO) Merger With AOL Won’t Float
Word got out overnight that Yahoo! (YHOO) is at the bargaining table with Time Warner (TWX) about AOL being merged into the larger portal. Yahoo! is grasping at every straw to stop a takeover…
Media Digest 3/5/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, Google (GOOG) lost a key executive to Facebook. Reuters reports that losses at Credit Agricole were worse than expected Reuters reports that OPEC indicated that it would leave production unchanged. Reuters…
Asia Markets 3/5/2008
Most markets in Asia were down slightly. The Nikkei dropped .2% to 12,972. KDDI was up 1.8% to 631000. Mazda was up 2.2% to410. The Hang Seng dropped .1% to 23,095. China Life (LFC)…
Applied Materials Solar Strategy Paying Off (AMAT, CY, SPWR)
Applied Materials (NASDAQ: AMAT) saw a major run on Tuesday. Despite a warning out of Intel the night before, the company is diversifying out of chip cap-ex and equipment dominance into a strategy of…