Under Armor (UA) Beats
As 24/7 Wall St. wrote yesterday, Under Armour (UA) was expected to see $0.34 EPS on $190.95 million revenues according to First Call’s consensus estimates; and next quarter is also expected to see $0.34…
All Work
Douglas A. McIntyre
P&G (PG) Reports
P&G (PG) announced net sales growth of eight percent to $20.2 billion for the quarter. Analysts were looking for $20.21 billion. Earnings per share were up 16 percent to $0.92 per share, including a…
Why The Fed Won’t Cut Rates
The two major reasons given in the media for the Fed to cut rates tomorrow are that fact that the stock market wants them to and that it might help the housing market. At…
Europe Markets 10/30/2008
Markets in Europe were lower at 6.20 AM New York time. The FTSE was down .6% to 6,667. BT (BT) was down 1.5% to 322.25. Nothern Rock was down 1.5% to 186.4. Vodafone (VOD)…
The Rise Of The Blackberry Killers (RIMM)
AT&T (T) and T-Mobile are about to introduce portable e-mail devices that work just like the RIM (RIMM) Blackberry. According to Reuters AT&T said its new Pantech "duo" runs on Microsoft Corp’s mobile phone…
NBC Is Not For Sale, Again (GE)
Between taking pot shots at Apple’s (AAPL) pricing model, NBC Universal CEO Jeff Zucker said that his unit of GE (GE) is not for sale. Period. Under any circumstances. Referring to what he has…
Countrywide (CFC) Won’t Make Money In Q4
After Countrywide (CFC) reported its third quarter loss last week, the company said that it would make money in Q4 and next year. There is really no way for the firm’s management to know…
Remembering MarketWatch, Now Ten Years Old
I remember the launch of MarketWatch. I was the CEO of FutureSource then. One of our customers was DBC, an early shareholder in the then new financial news site. Larry Kramer was brought in…
Media Digest 10/30/2007 Reuters, WSJ, NYTimes, FT, Barron’s
According to Reuters, Alan Greenspan say that the demand for subprime mortage securities is down. Reuters writes that the UAW is gearing up for tough talks with Ford (F). The Wall Street Journal reports…
Asia Markets 10/30/2007
Markets in Asia were mixed. The Nikkei fell .3% to 16,651. NTT (NTT) fell 1.9% to 522000. Sony (SNE) fell 1.4% to 5640. The Hang Seng rose .3% to 31,697. China Mobile (CHL) fell…
Google (GOOG): The G-Phone Comes To Market
Rumored for so long, it now appears that Google’s (GOOG) G-Phone will come to market. The search company will announce that it will produce handsets along with Taiwan’s HTC Corp and LG Electronics, according…
Sohu = So Huge (SOHU, BIDU)
Well, after looking at the news it is of little surprise that Sohu.com (NASDAQ:SOHU) is on fire in after hours trading. Last week Baidu.com (NASDAQ:BIDU) ran up on what logic should have dictated as…
China Looks At Buying Stakes In KKR, Carlyle, Or TPG
China’s Social Security Fund, which manages over $61 billion in assets, appears to have an aggressive interests in getting further into the US private equities markets. Talks have slowed somewhat because the investment by…
Baidu (BIDU) Buries Google (GOOG) In China Search Share
Google (GOOG) is not making any progress in China. That’s for certain. According to research firm Analysys International, Baidu (BIDU) had a 61.5 percent share in the third quarter, compared with 58.1 percent in…
Sirius (SIRI) Earnings Preview
Sirius (SIRI) earnings are, of course, secondary to questions about whether its merger with XM Satellite (XMSR) will be approved. The company’s shares are up 20% since its last earnings release and trade at…
The 52-Week Low Club
Office Depot (ODP) Super bad earnings. Drops to $16.51 from 52-week high of $42.61. Time Warner Cable (TWC) Fears that telecom broadband is taking customers pulling down all cable shares. Down to $28.35 from…
Under Armour Suiting Up For Earnings (UA, NKE)
On Tuesday morning (Oct. 30), we’ll get the awaited earnings report from Under Armour (NYSE:UA). Q3 is expected to see $0.34 EPS on $190.95 million revenues according to First Call’s consensus estimates; and next…
Bill Gross Calls For Extreme On Rates (C, CFC, TLH, IEF, TLT)
Bond seer Bill Gross of PIMCO issued his November outlook and is looking for the FOMC not to just need a rate cut this week. He believes that the FOMC will need to cut…
Goodyear (GT) Earnings Preview
Goodyear (GT) shares are up 30% this year to just over $27. The company reports Q3 earnings tomorrow. Goodyear said in August that it completed the sale of nearly all of its engineered products…
Bear Stearns Gets Off Quite Light In Latest Enron Settlement (BSC, LEH, UBS, CSR
Reuters is reporting that Bear Stearns (NYSE:BSC) is paying $1 Million as a settlement to Enron creditors to settle a lawsuit related to equity transactions. The agreement requires bankruptcy court approval. In exchange for…