Garmin nuvifone ‘May’ Threaten Apple iPhone (GRMN, AAPL)
Garmin Ltd. (NASDAQ: GRMN) has unveiled a new device today and this looks like many consumers will interpret it as a shot right across the bow of Apple Inc. (NASDAQ: AAPL). These are actually…
All Work
Douglas A. McIntyre
Many Homebuilders Up 100% From Lows (MTH, PHM, LEN, WCI, SPF, HOV, XHB)
Everyone knew homebuilders would turn one day and when they turned it would be fast and in a flurry of buying volume. Much of this may attributed to short covering, but much is because…
Sprint (S) To Write-Off Most Of NexTel Value
As it to confirm what a disaster its acquisition of NexTel has been, Sprint (S) will write-off as much as $31 billion in goodwill related to the deal. According to Reuters Sprint "might have…
Brinks: The Sweet Spot In A Rough Patch (BCO)
Shares of Brinks Co. (NYSE: BCO) are up significantly after today earnings report. We have been behind Brinks for several months now, and it is still an active stock on our Special Situation subscriber…
Hedge Fund Holder Says Countrywide Selling Too Cheap (CFC, BAC)
A hedge fund is claiming that Countrywide Financial (NYSE: CFC) is selling itself too cheaply to Bank of America (NYSE: BAC). SRM GLOBAL FUND GENERAL PARTNER LIMITED has filed a Schedule 13D. SRM now…
Under Armour: GARP or Value Trap? (UA)
Under Armour, Inc. (NYSE: UA) posted its earnings this morning, and some might be breathing a sigh of relief that the stock is only down marginally. The sporting apparel maker posted Q4-2007 EPS of…
The New York Times (NYT) Misses Every Number
In the fourth quarter, The New York Times (NYT) missed Wall St. estimates for EPS and revenue. EPS came in at $.44 compared to $.48. Revenue was $867 compared to estimates at $882. The…
ETF LAUNCH: China Small Cap From Claymore/AlphaShares (HAO)
The American Stock Exchange launched trading yesterday in a new exchange traded fund that tracks small cap stocks in China. It launched the Claymore/AlphaShares China Small Cap Index ETF (Amex: HAO) by Claymore Securities,…
Ford (F): More Incentives, Bad News
One of the things Ford (F) CEO Alan Mulally wanted to do at the car company was cut the use of incentives. They can cost auto firms as much as $5,000 per vehicle. Average…
Analysts Defend Alliance Data Systems After Earnings (ADS)
Alliance Data Systems Corp. (NYSE: ADS) is seeing shares surge in pre-market trading this morning. Alliance is suing Blackstone Group (NYSE: BX) over the likely merger failure. Alliance also posted its earnings yesterday after…
Goldman Sachs Conviction Buy List Changes In Gold Sector (ABX, FCX)
Goldman Sachs is making a key change in the gold sector this morning. The investment banking giant is adding Freeport-McMoRan Copper & Gold (NYSE: FCX) to the Americas Conviction Buy List. This stock is…
Top 10 Pre-Market Analyst Calls (ADBE, ADS, JRJC, GILD, HES, JWN, MNST, NEU, RL, YUM)
These are not all of the pre-market research calls during a busy earnings morning, but these are the top calls that 247WallSt.com is looking at: Adobe Systems (NASDAQ: ADBE) downgraded to Underperform from Buy…
Amazon.com Sees Greatness In Audible (AMZN, ADBL)
Audible Inc. (NASDAQ: ADBL) is finally being acquired. Amazon.com (NASDAQ: AMZN) will pay some $11.50 per share of Audible in an all-cash buyout. Including Audible’s cash on hand, this transaction is valued at roughly…
P&G (PG) To Spin-Off Coffee Operations
P&G (PG) announced plans to separate its coffee business and create an independent company named The Folgers Coffee Company. The coffee business had sales of approximately $1.6 billion and operating income of about $350…
Asia Markets 1/31/2008 (SNE)(TM)(LFC)(PTR)
Markets in Asia were mixed at 3.10 AM New York time. The Nikkei was up 1.9% to 23.329. Sony (SNE) was up 3.6% to 5,220. Toyota (TM) was up 5.4% to 5,820. The Hang…
Eli Lilly (LLY): The Drug Companies Never Learn
At least once a year, and probably more often, a big drug company makes a settlement or faces suits over not disclosing the bad effects of one or more of its products. Lilly’s anti-psychotic…
Starbucks (SBUX) Will Have To Close A Lot More Than 100 Stores
No one on Wall St. liked the Starbucks (SBUX) quarterly results and the shares moved down after they were announced. They still sit close to a 52-week low. The company reported revenues of $2.8…
Sony Earnings: Playstation Resurrection
For years the Playstation franchise carried Sony’s (SNE) earnings. The PS2 was one of the great selling consumer electronics products of all time. Sony stumbled with the launch of the PS3. Microsoft’s (MSFT) Xbox…
S&P Sees CDO And Subprime Losses As High As $265 Billion
Losses from securities linked to subprime mortgages may exceed $265 billion as regional U.S. banks, credit unions and overseas financial institutions write down the value of their holdings, according to Standard & Poor’s writes…
Amazon (AMZN): Nothing Will Satisfy A Bear Market
Wall St. has gone through the looking glass into Wonderland with Alice. The world is upside down now. Awful results at firms like E*Trade (ETFC) and Countrywide (CFC) can make shares rally. Outstanding results…