Europe Markets 11/9/2007
Markets in Europe were narrowly mixed at 6.15 AM New York time. The FTSE was up .3% to 6,398. BHP Billiton (BHP) was up 3.2% to 1709. BT (BT) was down 1.7% to 296.75.…
All Work
Douglas A. McIntyre
Vioxx: Merck (MRK) Settled Too Early, Much Too Early
It has been a bloody and bitter fight. Merck’s (MRK) pain killer Vioxx has been alleged to cause heart problems and worse. The drug hit the market in 1999 and was pulled in 2004.…
WiMax Massacre: Sprint (S) And Clearwire (CLWR) Split-Up
WiMax appears to be such a promising technology, at least on paper. It can send wireless broadband signals for miles from one base-station. If is faster than 3G, the core technology used for cellphone…
Nokia (NOK) Starts To Bring Qualcomm (QCOM) Down
Qualcomm (QCOM) reported earnings yesterday. Wall St. should have been happy. Revenue was up 15% to $2.31 billion. Operating income rose 84% to $1.14 billion. EPS was up 86% to $.67. All of these…
Media Digest 11/9/2007 Reuters, WSJ, NYTimes, FT, Barron’s
According to Reuters, Qualcomm (QCOM) posted weaker that expected guidance and its shares fell sharply. Reuters writes that BHP Billiton’s (BHP) bid for Rio Tinto (RTP) is likely to start a bidding war for…
Asia Markets 11/9/2007
Markets in Asia were mixed. The Nikkei fell 1.2% to 15,583. Hitachi (HIT) was down 3.7% to 730. Mitsubishi Chemcial was off 5.1% to 858. Yahoo Japan was off 3.2% to 46550. The Hang…
Bill Gates Sale of Microsoft Shares Continues (MSFT)
Seeing insider activity during certain selling windows is always an interesting observation. When Bill Gates sells shares of Microsoft (NASDAQ:MSFT) it is normally just a blip, even though some may try to make a…
S&P Walked Away From Rio Tinto (RTP, BHP)
Standard & Poors took an already unenthusiastic "Hold" rating on U.K.-based metals giant Rio Tinto (NYSE:RTP) ADR’s down to the beloved "Sell" rating. This was after a 29% pre-market gain in share prices based…
Allscripts… Just When You Thought It Was Safe (MDRX)
Allscripts Healthcare Solutions Inc. (NASDAQ:MDRX) is trading at a new 52-week low after a disaster earnings report this afternoon. Non-GAAP adjusted earnings for the quarter ended September 30, were $6.7 million, or $0.11 per…
Nvidia (NVDA), No Big News
Expectations were for Nvidia (NVDA) to have EPS of $.37 for the last quarter, and revenue growth of 23% to $1 billion. After a tough day for tech, the chips company’s numbers were more…
Qualcomm Guidance Takes Shares Lower (QCOM)
Qualcomm (NASDAQ:QCOM) reported earnings after the close today with $0.54 EPS and $2.31 Billion revenues, while First Call had $0.53 EPS and $2.26 Billion in revenues as consensus. The company said this excluded $0.02…
Qualcomm Braces For Earnings (QCOM, BRCM)
Qualcomm (NASDAQ:QCOM) is set to report earnings after the close today. First Call has $0.53 EPS and $2.26 Billion in revenues as consensus, with next quarter pegged at $0.52 EPS and $2.38 Billion revenues.…
Can Jones Soda Escape the Hansen Trap? (JSDA, HANS)
Jones Soda Co. (NASDAQ:JSDA) is set to report right after the close today, and it is actually surprising that the stock hasn’t seen more selling just out of sympathy with Hansen. The soda and…
Defensive Stocks Show Rotation Out of Tech (PEP, KO, BUD, TAP, KFT, CAG, CPB, HRL, MCD, MO, VGR, RAI, PG, CL, MRK, JNJ, NVO)
The markets haven’t fallen apart after yesterday’s 360 point dive on the DJIA, but we are still trading a tad lower today. Now that Cisco Systems is showing you can’t just automatically hide out…
Starbucks (SBUX) Hits 52-Week Low, While McDonald’s (MCD) Hits High
A chart is worth a thousand words. Or, maybe more. Starbucks (SBUX) hit another 52-week lows today at $23.29, down 3%. McDonald’s (MCD), which delivered strong same-store sales, is up 1.6% to $59.59, a…
Sotheby’s: No Auction Flippers Please (BID)
Just when you think the rich are immune and just when you think the super-wealthy Chinese and Russians will pay anything for any super-luxury good, the reminder is coming home that immunity is a…
Kenaxa (KNXA) Down 34% On Weak Earnings
It’s a bad week to miss numbers, even by a little. According to The Associated Press, Kenexa (KNXA) a human resources operation,.said Wednesday its third-quarter profit and revenue rose by about two-thirds, but sales…
Has Charter (CHTR) Reached The End Of The Road?
Charter Communications (CHTR), the over-leveraged cable company, is down 21% today to $1.41, a new 52-week low. Not that long ago, the stock traded at $4.93. Wall St. does not like cable companies right…
McDonald’s (MCD): The Hamburger Economy
McDonald’s (MCD) has an increase in same-store sales for October of 6.9%. Overall system-wides sales were up 14.2%. In the U.S., comparable sales climbed 5.4% as customers continue to visit McDonald’s for the compelling…
Target Sales, Above Target (TGT)
Target Corp. (NYSE:TGT) just posted its same-store-sales figures for October, and it is considerably better than the situation over at Fall-Mart. Target posted a gain of +4.1% on a comparable basis. Analysts were only…