MBIA (MBI) Takes A Torpedo In The Boiler Room
Wall St. thought things would be bad when MBIA (MBI) reported earnings, but they were worse. The largest bond insurer posted a loss of $2.3 billion, or $18.61 a share, compared with profit of…
All Work
Douglas A. McIntyre
Media Digest 1/31/2008 Reuters, WSJ, NYTimes, FT, Barron’s
According to Reuters, Amazon’s (AMZN) financial results show that its profit margins were squeezed in the last quarter. Reuters writes that Starbucks (SBUX) will close 100 stores and say 2008 could bring a recession.…
Can Google Break The Internet Earnings Drop? (GOOG, YHOO, AMZN, EBAY)
After the close of trading on Thursday, the beloved Google (NASDAQ: GOOG) will report earnings for Q4-2007. This is the last of the internet giants to report earnings. Interestingly enough, all of other pure-play…
Intuitive Surgical Braces For Earnings (ISRG)
Intuitive Surgical Inc. (NASDAQ: ISRG) is set to report earnings after the close on Thursday. Shares closed at $235.00 Wednesday, down from a 52-week high of $359.59 and down from a December 31 close…
Accuray, Neither Recession Proof Nor Credit Proof (ARAY)
Accuray Inc. (NASDAQ: ARAY) is being punished in after-hours trading. The company posted earnings at $0.04 EPS on revenues of $52 million. The problem is that First Call was at $0.09 EPS on $58.2…
Starbucks Earnings, Ammo For Bulls & Bears Alike (SBUX)
Starbucks (NASDAQ: SBUX) is seeing shares trade slightly lower in after-hours trading after earnings. The coffee inflating retailer posted earnings of $0.28 EPS on revenues of $2.8 Billion, yet First Call estimates were $0.27…
52-Week Low Club (AMLN, CYMI, NTCH, KEYN, MMA, NATI, STE, WTW)
There was a much larger list of companies which hit 52-week lows, but these were some of the larger percentage changes that we looked at: Amylin Pharmaceuticals Inc. (AMLN) closed at $29.34 versus a…
Amazon.com Delivers, But Valuations Catching Up (AMZN)
Amazon.com (NASDAQ: AMZN) posted earnings with net income at $0.48 EPS on net sales of $5.67 Billion. First Call had estimates pegged at $0.48 EPS and $5.37 billion in revenues. Interestingly enough, Amazon noted…
SCO’s Last Annual Report Ever? (SCOX, SCOXQ)
SCO Group, Inc. (Pink Sheet-SCOXQ), formerly "SCOX," has filed its annual report. After you have seen the history of this company through the years, it is almost impossible not to wonder if this is…
FOMC 50/50 Delivery
The FOMC made its rate cut today and delivered on 0.50% on both the FED FUNDS and on the discount rate, so now Fed Funds will be targeted at 3.00%. Wall Street economists had…
Starbucks Plan Acceptance Likely Outweighs Its Earnings (SBUX)
Starbucks Corp. (NASDAQ: SBUX) is set to report earnings today after the close of trading. First Call has estimates pegged at $0.27 EPS and $2.77 billion in revenues. Next quarter’s estimates are $0.22 EPS…
VMWare (VMW) Could Fall 50% Further
VWWare (VMW) lost about a third of its value on a disappointing quarterly report. The stock is now down to $56, near a 52-week low and off a period high of better than $125.…
Can Amazon.com Live Up To Growth Targets? (AMZN)
Amazon.com (NASDAQ: AMZN) is set to report earnings after the close today. First Call has estimates pegged at $0.48 EPS and $5.37 billion in revenues. Next quarter’s estimates are $0.35 EPS and $3.92 billion…
SPAC IPO Filing: Open Acquisition Corp. (OXE, VGR)
Open Acquisition Corp. is a SPAC, a special purpose acquisition company, that has filed to come public via an IPO. With $125 million proceeds targeted at $10.00 per unit, each unit will consist of…
American Water Works IPO Closer To Market (AWK)
American Water Works Company submitted an amended IPO filing after yesterday’s market closed, and this is one we at 247WallSt.com have been looking forward to. The filing still shows a planned IPO for a…
E*TRADE Insiders Buying Spree (ETFC)
There are some SEC filings out of online brokerage firm E*TRADE Financial Corp. (NASDAQ: ETFC) that shows quite a bit of insider transactions that took place on January 29. These were all insider acquisitions…
China’s Huge Bear Market (PTR)(LFC)
China’s Hang Seng Index is off almost 25% over the last three months. The S&P 500 is barely off 10% over the same period. A look at some of the components of the Hang…
Q4 GDP Already Near Recession Levels
Today we got our first look at Q4 2007 GDP, and this is the preliminary data that will see two revisions ahead. Q4 GDP just came in at +0.6%. Most estimates we saw were…
Schering-Plough Relief on Partner Earnings (SGP)
Schering-Plough Corp. (NYSE: SGP) is probably breathing a sigh of relief this morning after Merck’s earnings as it is partners with the drug giant on Vytorin and Zetia for cholesterol treatments. The combined Vytorin…
Boeing Backlog More Impressive Than Guidance (BA)
Boeing Co. (NYSE: BA) posted earnings of $1.36 EPS on $17.5 Billion in revenues for its fourth quarter. Estimates from First Call were $1.32 EPS and $17.33 Billion in revenues. Boeing is also making…