Asia Markets 2/20/2008 (DCM)(LFC)(CHU)(TM)
Markets in Asia fell. The Nikkei was off 3.3% to 13,310. Docomo (DCM) was off 4.6% to 165000. Sharp was off 5.6% to 1955. Toyota (TM) was off 3.5% to 6090. The Shanghai Composite…
All Work
Douglas A. McIntyre
Texas Roadhouse, Barbecue Fans Staying Home (TXRH)
Texas Roadhouse(NASDAQ: TXRH) just proved the risks of owning a stock that is only a one restaurant chain pure-play. The company posted earnings at $0.10 EPS versus a $0.11 First Call consensus estimate. Its…
Crocs Earnings Reaction Uglier Than Its Shoes (CROX)
Crocs, Inc. (NASDAQ: CROX) has posted its fourth Quarter revenues rose more than 99% to $224.8 Million while its diluted EPS rose more than 73% to $0.45. First Call had estimates at $207.6 million…
H-P Keeps Exceeding Targets (HPQ, DELL)
Hewlett-Packard (NYSE: HPQ) posted non-GAAP EPS of $0.86 on $28.47 Billion in revenues. First Call had estimates pegged at $0.81 EPS on $27.6 Billion. H-P also put next quarter at $0.83 to $0.84 EPS…
The 52-Week Low Club (VZ)(IAR)(MS)(BX)(UBS)
Verizon (VZ) Bad news on broadband set-top delays and price cutting for cellular service. Falls to $35.37 from 52-week high of $46.24. Idearc (IAR) New CEO appointed after weak earnings. Not much of a…
ETF Launch: SPDR S&P International Dividend ETF
State Street Corp (NYSE: STT) has announced that its investment management arm State Street Global Advisors has launched the SPDR® S&P® International Dividend ETF (AMEX: DWX) and it began trading today. The SPDR S&P…
Whitman & Third Avenue Value Fish In Financial Insurers, REITs, Land (ABK, ACGL, LM, MBI, JOE, TPGI, TGIC, USG, VNO)
If there is one seer and age-old timeless veteran in value investing, it is M.J. Whitman. His Third Avenue Management, LLC has filed its 13F with the SEC and it shows he is still…
Gap Loses OLD NAVY Skipper…. It Should Spin This Dog Off (GPS)
Gap Inc. (NYSE: GPS) is losing its President of its Old Navy brand. Dawn Robertson, 52, is leaving Gap effective immediately, and Tom Wyatt of the Gap Outlet division will become acting president while…
Hewlett-Packard’s Chart May Outweigh Earnings News (HPQ, DELL)
After today’s close, we get to see earnings out of Hewlett-Packard (NYSE: HPQ). We gave a full earnings preview over the weekend but we have some updates for the options and the chart. Tech…
BlackRock Denies Any CDO Issues (BLK)
BlackRock Inc. (NYSE: BLK) is one of the more well thought of asset managers out there. It typically doesn’t have to respond to market rumors, but there were rumors abound that BlackRock was hiding…
MMI Pushes Another (UIS, BCO)
Shares of Unisys Corp. (NYSE: UIS) are trading up 8% today after capitulating to activist investor MMI Investments, LLP, which is one of the largest shareholders of Unisys. Unisys has delayed its annual meeting…
Goldman Sachs Sees Gold in Offshore Drillers (DO, PDE, RIG)
Goldman Sachs has said enough is enough in oil drillers. The firm is suggesting that investors take advantage of recent weakness seen in the offshore oil drillers. Its two Buy-rated picks in the call…
Fidel Castro Gone, Herzfeld Wins (CUBA)
Herzfeld Caribbean Basin Fund Inc. (NASDAQ: CUBA) has been "the go-to trade" for Americans that wanted to invest in the potential normalization of US-Cuba relations. Until today, that always seemed more of a mystical…
OPEC Walks The Price Off Oil Up
The OPEC ministers are talking lower oil supplies in the spring. Maybe they believe that global slowdown will cut demand. Or, perhaps they just like the profits from crude selling above $90. Rumors of…
MBIA (MBI) Rises On CEO Replacement
MBIA (NYSE:MBI) has replaced it CEO with former Chairman and CEO Joseph "Jay" Brown, 59, who retired from the firm last May. Brown expressed some degree of confidence about the company’s prospects no matter…
Can Diller Buy Malone Off With Home Shopping Network? Update
There has been some speculation that Barry Diller might be able to keep control of IAC/Interactive (IACI) without fighting with majority shareholder Liberty Media, if he hands over his largest division, The Home Shopping…
Top 10 Pre-Market Analyst Calls (AHO, BKUNA, CHRT, FTI, HANS, MU, SIGM, UBS, X, WYE)
These are not the only analyst calls today, but these are the top ten analyst calls that 247WallSt.com is looking at in early pre-market trading: Ahold (NYSE: AHO) raised to Overweight at JPMorgan. BankUnited…
Wal-Mart (WMT) Posts First $100 Billion Quarter, Driven By Overseas
Despite concerns to the contrary, Wal-Mart (NYSE: WMT) is still growing. It posted the first $100 billion quarter in its history. The world’s largest retailer said net sales for the fourth quarter of fiscal…
Storm Clouds Form For China Recession
When tens of thousands of visitors make their way to China for the summer Olympics they may be greeted by a country heading into a deep recession. The Chinese government announced today that inflation…
Signs Point To Banking Crisis Getting Much Worse
The evidence comes in in pieces. One bit of bad news here and one there. Today, the FT reported that US banks had tapped the Fed’s Term Auction Facility for over $50 billion in…