Is Iomega Ready For A Comeback? (IOM)
If you have been trading stocks for more than 10-years, you will remember that Iomega (NYSE: IOM) used to be a monster stock for a brief period of time. That time came and went…
All Work
Douglas A. McIntyre
Bank of America Earnings Fall Short (BAC)
Bank of America (NYSE: BAC) has just posted earnings at $0.05 EPS, while First Call had estimates at $0.18 on last look. Net income was actually $268 million in the quarter even though B…
Reuters Survey Shows Earnings Estimates Plunge
A survey of earnings estimates at S&P 500 companies shows that their outlook for Q1 is for growth to be only 4% with a 4.2% increase in the second quarter. That is "down from…
Will the Fed Intervene Early?
Today is going to be a critical day in the financial markets. U.S. markets were closed on Monday while it was a financial blood bath on Monday in the E.U. and Asia and Tuesday…
Sovereign Funds Bring Bad Image With Cash (C)(MER)
Getting a much-needed investment when a company is in deep trouble is nice. But, when it damages the firm’s public reputation it takes away some of the joy of surviving. According to the FT,…
Has Motorola (MOT) Bombed Again?
Early indications are the that new Motorola Razr2 may not have had such a hot fourth quarter. According to Bloomberg "Motorola probably sold 2 million Razr 2s, the slimmer camera phones (the company) is…
Can Microsoft (MSFT) And AT&T (T) Save The Bull Market?
Of the earnings that will hit over the next week, none are as important as Microsoft (MSFT) and AT&T (T). Both have broad business which touch consumers and businesses worldwide. Both carry fairly high…
The Four Safest Stocks In The World (MSFT)(MO)(XOM)(PG)
The market may be down 600 points today. If the selling picks up, it is hard to predict a bottom. There are a very few shares which should be a good defense because of…
Europe Starts To Hold The Line, Markets Recover (BP)(DT)
Markets in Europe have gained back most of their sell-offs at 5.40 AM Eastern time. The FTSE is off .1% at 5,571. BHP Billiton (BHP) is up 1.9% to 1259. BP (BP) is off…
Media Digest 1/21/2008 Reuters, WSJ, NYTimes, FT, Barron’s
According to Reuters, S&P futures are down 5.3%. Reuters writes that Yahoo! (YHOO) plans to cut several hundred jobs. Reuters reports that GM (GM) has unveiled a China-made hybrid. Reuters writes that subprime assets…
Asia Marets 1/22/2008 Big Sell-Off (SNE)(TM)(LFC)(PTR)
Asia markets fell sharply. The Nikkei was off 5.7% to 12,573. Docomo (DCM) was down 8.5% to 151000. Sony (SNE) was down 6.5% to 5110. Toyota (TM) was down 7.2% to 4880. The Hang…
Does Microsoft (MSFT) Buy Citrix (CTXS)?
Microsoft (MSFT) is behind in the virtualization software business. Way behind. Wall St.’s perception, which is probably correct, is that recent IPO VMWare (VMW) has the industry lead. The company now has a market…
China Banks May Take Big Subprime Write-Downs
Several of China’s largest banks may take billions of dollars in write-downs due to their ownership of US mortgage-backed securities. According to The Wall Street Journal "Bank of China’s total exposure to U.S. subprime…
Yahoo! (YHOO) Makes The Cut
Yahoo! (YHOO) management finally saw the writing on the wall. It read that the future was grim. The internet portal company is now almost certain to cut jobs before now and the end of…
Microsoft (MSFT) Details Plans To Take On VMWare (VMW)
One stock which may come under more than normal pressure tomorrow is virtualization software company VMWare (VMW). Microsoft (MSFT) disclosed detail of its plans to take on the successful IPO with offerings of its…
BHP Billiton (BHP) And Rio Tinto (RTP) Lose 10% Of Their Values
Shares in BHP Billiton (BHP) and Rio Tinto (RTP) both lost over 10% of their market caps in Europe trading today. For BHP that is almost $18 billion and for RTP is it almost…
Can Barron’s Save MBIA From Ambac’s Fate? (MBI, ABK)
There was an interesting article in this weekend’s edition of Barron’s. The financial weekly bible is noting that, despite the turmoil and perhaps terminal verdict of bond insurers, there may actually be some significant…
A 1,000 Point Drop On The Dow? (C)(BAC)(AXP)(AAPL)
Tuesday could bring a 1,000 point drop on the Dow, especially if markets in Asia and Europe repeat their Monday performances tomorrow. China’s big Hang Seng index fell 5.5% to 23,818. The percentage drop…
Europe Markets 1/21/2008 Damage Galore (BHP) (SI)
Markets in Europe were down significantly at 7.20 AM The FTSE fell 4.9% to 5,613. BHP Billiton (BHP) was off 7.5% to 1275. BT (BT) was off 5% to 262. The DAXX dropped 6.5%…
A China Stock Market Recession
After two years of extraordinary run-ups, China’s two big stock indices, the Hang Seng and Shanghai Composite have gone negative. The implications for the huge country could be more than just falling share prices.…