Autodesk Stubs Its Toe (ADSK)
Autodesk Inc. (NASDAQ: ADSK) has posted earnings of $0.52 non-GAAP EPS on revenues of $599.1 million, while First Call had estimates at $0.54 EPS and $581.4 million in revenues. Unfortunately, the guidance is going…
All Work
Douglas A. McIntyre
The 52-Week Low Club (COT)(WMT)(USU)(RJF)(TRSA)(HWAY)
Cott (COT) loses shelf-space at Wal-Mart (WMT). Falls to $2.42 from 52-week high of $17.33. USEC (USU) drops on high costs and plant closings. Sells off to $6.41 from 52-week high of $25.65. Raymond…
The Business Day In Global Warming (LDK, CPST, USU, FPL, ZAAP, FTEK, HVAG)
LDK Solar Co. (NYSE:LDK) stock fell 7% to $30.05 in the last hour of trading today after yesterday’s earnings, but it was mainly a lackluster guidance. This was actually up in after-hours trading yesterday. …
Did Homebuilders Finally Bottom? (DHI, TOL, LEN, CTX, HOV, BZH, XHB)
If you have been watching homebuilders of late, you’ll notice a sharp disconnect between the headlines still coming out and the stock prices of many homebuilders. The move today is partly attributed to Sam…
Apple (AAPL) Now No.2 Digital Media Store
It appears to be only a matter of time before Apple (NASDAQ: AAPL) iTunes becomes the No.1 source of digital music. For now, being No.2 will have to do. According to NPD data picked…
IBM’s Huge Buyback Juices 2008 EPS Targets (IBM)
IBM, or International Business Machines Corp. (NYSE: IBM), is on a roll. The company just raised its guidance and boosted its share buyback plan by a massive amount. For starters the company said it…
Prana Soars On Alzheimer’s Results (PRAN)
A small biotech out of Australia called Prana Biotechnology Ltd. (NASDAQ: PRAN) today is trading up nearly 50% to a new 52-week high on favorable results in Alzheimer’s Disease studies. The company announced that…
New Municipal Bond ETF Launch (SMB)
Asset manager Van Eck Global today launched a new ETF on the American Stock Exchange. The new ETF is called the Market Vectors-Lehman Brothers AMT-Free Short Municipal Index ETF (Amex: SMB). This ETF is…
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…
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…