Ford (F) Deal With UAW Close
According to the Detroit News, Ford (F) is close to having a final deal with the UAW. "Sources familiar with the situation told The Detroit News a deal could come today." Douglas A. McIntyre
All Work
Douglas A. McIntyre
Pre-Market Earnings Gappers (November 2, 2007)
(ALY) Allis-Chalmers $0.37 EPS vs $0.36 est.(ASVI) A.S.V. Inc. $0.13 EPS vs $0.19 est.(BEBE) bebe stores traded up 3% despite slight revenue miss.(CBB) Cincinnati Bell $0.09 EPS vs $0.08 est.(CI) CIGNA $1.14 EPS vs…
Pre-Market Analyst Calls (November 2, 2007)
ACW raised to Neutral at R.W.Baird.AGU cut to sector perform at CIBC.ARP cut to sector perform at CIBC.BBBB cut to Neutral at R.W.Baird.BKC started as Buy at UBS.CCE raised to Buy at Citigroup.CLUB downgraded…
PetroChina (PTR) Shares To Double?
When shares of PetroChina (PTR) begin to trade on the Shanghai exchange on Monday, they may double from their IPO price. The company raised $9 billion in its offering. According to Reuters "local currency…
Siemens (SI) Wants To Do Better Than GE, But It Already Does
The new CEO of Siemens (SI) wants margins more like those at GE (GE), which is in many of the same businesses. Oddly enough, over the last year, Siemens shares are up almost 50%…
Viacom (VIA) Reports Improvement Due To “Transformers”
Viacom (VIA) today reported revenues increased 24% to $3.27 billion in the third quarter of 2007. Operating income in the third quarter rose 25% to $815 million. Net earnings from continuing operations for the…
Europe Markets 11/2/2007
Markets across Europe were down about 1% at 7 AM New York time. The FTSE fell 1.1% to 6,516. Barclays (BCS) was down 5.8% to 538.5. Rio Tinto (RTP) was off 3.2% to 4266.…
The West Begs OPEC
Begging is not manly, but it can be effective. Yesterday, according to the FT, "Andris Piebalds, the European energy commissioner, urged Opec to increase oil production." And, Guy Caruso, a senior official at the…
Are Lenovo’s Results Good For Dell (DELL). No.
PC-maker Lenovo, which bought the IBM (IBM) personal computer business, had the kind of break-out quarter that tech companies seem to be racking up with regularity now. For the three months ended Sept. 30,…
Merrill Lynch (MER): Better Living Through Cheating
It seems while Merrill Lynch (MER) was losing all of that money on mortgage-backed financial instruments it was trying to unload them to save the company’s skin. Nice idea if you can make it…
Media Digest 11/2/2007 Reuters, WSJ, NYTimes, FT, Barron’s
According to Reuters, Toyota (TM) and GM (GM) gained sales in October despite a weak US car market. Reuters writes that News Corp’s (NWS) MySpace joined the new Google (GOOG) association of social networks.…
Asia Markets 11/2/2007
Markets in Asia fell sharply The Nikkei was off 2.1% to 16,517. Honda (HMC) was down 3.9% to 4210. Toyota (TM) was down 4% to 6480. The Hang Seng fell 3% to 30,535. China…
Ford (F) Plans To Cut To The Bone
Ford (F) had another bad month in November with US vehicle sales falling almost 10%. The double-digit monthly drops are now a bad habit. The company has also indicated that it is not meeting…
A Sprint (S) Merger With Clearwire (CLWR)
The technology world loves WiMax, the ultra-high-speed wireless broadband technology. Wall St. hates it. The two biggest proponents of the system in the US are Sprint (S) and Clearwire (CLWR). Over the last three…
Sun Micro (JAVA) In The Shadows: Selected Stocks Under $10
Share in Sun Microsystems (JAVA) have been drifting. Their performance for the last three months looks like larger proxies for big tech, Hewlett Packard (HPQ), Dell (DELL), and IBM (IBM). All four stocks are…
Cramer’s New Oil Call (APA, XOM)
On tonight’s MAD MONEY on CNBC, Jim Cramer said he has no cure for the financials, mortgage insurers, and banks right now. But Cramer’s call in oils for exploration and production is Apache Corp.…
News Corp’s (NWS) MySpace Joins Google (GOOG) Social Network Group
TechCrunch and Silicon Alley Insider have reported that News Corp’s (NWS) MySpace will join the new Google (GOOG) OpenSocial initiative. The Google program pulls together a number of social networks include the search company’s…
Web 2.0 Industry De-Merger of Getty Starting To Be Factored In (GYI)
Getty Images (NYSE:GYI) is seeing shares trade up in after-hours activity as some fears of imminent implosion from Web 2.0 start-ups eating its dominance may be getting priced in based on its forward guidance.…
EA Delivers, Outside of Deferred Numbers (ERTS)
Electronic Arts (NASDAQ:ERTS) posted non-GAAP EPS of $0.27 on revenues of $640 million; Analysts were looking for $0.20 EPS on $896 million revenues but there is a revenue deferral and recognition issue for the…
CBS (CBS): A Modest Improvement, Radio Weak
CBS (CBS) revenues of $3.3 billion for the third quarter of 2007 decreased 3% from $3.4 billion for the same quarter last year, reflecting lower television license fees, the impact of radio and television…