Google (GOOG) Moves Toward 52-Week Low
Google (NASDAQ: GOOG) is down almost 6% today to just above $457. That is within $20 of its 52-week low.Twenty dollars might seem like a lot, but the shares would only have to fall…
All Work
Douglas A. McIntyre
Best Growth Already Been Seen at Foster Wheeler? (FWLT)
Foster Wheeler is seeing shares hit hard this morning. Its earnings rose roughly 24% to $0.54 EPS and revenues were $1.47 Billion. The problem is that First Call estimates were $0.76 EPS on $1.42…
Fat Americans In Pick-Ups Push PPI Up
Inflation rose faster than expected last month, up 1% driven high by food prices and gasoline. Looking at the numbers year-over-year, the increase was over 7%. According to MarketWatch "This is the fastest pace…
Macy’s Sigh of Relief, But No More Monthly Guidance (M)
Macy’s (NYSE: M) posted earnings of $1.73 EPS and revenues were $8.59 Billion versus $1.60 EPS and revenues of $8.62 Billion estimates from First Call. Same store sales for the quarter were -2%. As…
Merrill Cuts Goldman Sachs (GS) Q1 Estimates
The analyst who covers Goldman Sachs (NYSE: GS) for Merrill Lynch does not like what he sees, He has cut his earnings estimates for the first quarter from $3.97 to $2.31. “Based on recent…
Sirius Slowing, Awaits Merger Decision (SIRI, XMSR)
Sirius Satellite Radio (NASDAQ: SIRI) has posted earnings, and it showed -$0.11 EPS and $249.8 million in revenues. First Call had estimates at -$0.13 EPS and $267.4 million in revenues. It also showed free…
Top 10 Pre-Market Analyst Calls (ADP, MKTX, MA, NVO, OXY, OVTI, PAYX, PCG, RAD, TER)
These are not the only analyst calls this morning, but these are the calls that 247WallSt.com is focusing on early this Tuesday morning: Automatic Data (NYSE: ADP) downgraded to Neutral from Buy at Banc…
Ugly Numbers At Home Depot (HD)
Home Depot (NYSE: HD) posts worse numbers with each passing quarter. The big home improvement retailer reported fiscal 2007 fourth quarter consolidated net earnings of $671 million, or $.40 per diluted share, compared with…
Europe Markets 2/26/2008 (BCS)(HBC)(SI)(ALU)
Markets in Europe were higher at 6.40 AM New York time The FTSE was up 1.1% to 6,066. Barclays (BCS) was up 1.6% to 515. HSBC (HBC) was up 3.2% to 796 The DAXX…
As Internet Ad Revenue Growth Slows, Yahoo! (YHOO) Deal Looks Worse
All the thumb-sucking champions of internet ad growth were probably cheering when they saw that online marketing revenue jumped 25% last year to $21 billion. But, that was much less than the 35% growth…
VMWare’s (VMW) Shares Can Fall More As Microsoft (MSFT) Enters The Market
Microsoft (NASDAQ: MSFT) play a cut-throat game in almost every sector the software market it enters and investors at virtualisation software company VMWare (NYSE: VMW) know that. VMW shares have gone from over $125…
US Treasury Shoots Blanks At Sovereign Funds
Senior officials of the US Treasury have been spanning the globe to meet with heads of sovereign funds, starting with Singapore and Abu Dhabi. They want the funds to sign a Boy Scout oath…
Siemens (SI) Cuts Jobs, A Lesson For GE (GE)
The new CEO of Siemens (NYSE: SI) is not a very nice fellow. Depending on which press account is accurate, he is gutting the telecom equipment part his company by cutting between 3,800 and…
Media Digest 2/26/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, Siemens (SI) will cut over 6,000 jobs in its telecom equipment business. Reuters writes that MBIA (MBI) is moving to help bring stability to the credit markets. Reuters reports that Visa…
Asia Markets 2/26/2008 (NTT)(C)(HBC)
Markets in Asia were mixed. The Nikkei fell .7% to 13,825. NTT (NTT) fell 1.1% to 470000. Nissan rose 1.9% to 982. The Hang Seng rose 19% to 25,715. China Netcom (CN) rose 5.8%…
RadioShack Braces For Earnings (RSH)
On Tuesday we’ll get to see earnings out of The RadioShack Corp. (NYSE: RSH). The estimates for the consumer electric retailer from First Call are $0.72 EPS on $1.33 billion in revenues. Next quarter…
Target’s Earnings Target (TGT)
On Tuesday morning we’ll get to see earnings out of Target Corp. (NYSE: TGT). The estimates for the food and merchandise discount store giant from First Call are $1.22 EPS on $20 billion in…
Can Macy’s Meet Nordstrom’s Earnings Reaction (M)
On Tuesday morning we’ll get to see earnings out of Macy’s, Inc. (NYSE: M). The estimates from First Call are $1.60 EPS on $8.62 billion in revenues. Next quarter estimates are $0.04 EPS and…
Cramer Attacks Congressmen For Holding Up Sirius & XM Merger (XMSR, SIRI)
Jim Cramer came back from vacation and on CNBC’s MAD MONEY, he slammed Congress for taking more than a year now for holding up the Sirius Satellite Radio (NASDAQ: SIRI) and XM Satellite Radio…
USEC: Rising Costs Making A Nuclear Winter (USU)
USEC Inc. (NYSE: USU) is one of more widely followed stocks that is in the group of companies et to benefit from the coming nuclear power surge in the coming years. There is just…