E-Commerce Sales Rise As Buyers Flee Stores
No wonder Wal-Mart (WMT) has poor same-store sales and Circuit City (CC) is close to Chapter 11. All of the customers are moving online. According to the new comScore stats, online retail sales moved…
All Work
Douglas A. McIntyre
Oil Moves Above $90 On The Way To $100 A Barrel
The price of oil hit $90.50 today and this does not appear to be the end of its move up. OPEC now makes a habit of blaming crude prices on speculation. Chinese consumptions of…
The Top Ten Professional Business And Financial Bloggers
24/7 Wall St. has done a ranking of the Top 25 Financial Blogs for two years in a row. But, this list excluded bloggers who were full-time paid employees of media companies that host…
Microsoft Earnings Expectations (MSFT)
Microsoft (NASDAQ:MSFT) is set to post earnings after the close, and if they live up to history they will offer some long-term guidance. Today’s results for the last quarter (Q1 2008) are expected to…
Merrill’s (MER) Write-Downs Could Get Bigger
Could Merrill Lynch (MER) post worse numbers in the fourth quarter than it had in the third? Goldman Sachs thinks so. The investment bank says MER could have to write down another $4.5 billion…
WellCare Braces For Stock Crash (WCG)
WellCare Health Plans, Inc. (NYSE:WCG) has on its website an audio transmission from its Chairman and CEO Todd Farha from Tampa headquarters. Yesterday 24/7 Wall St. noted about how this was going to be…
FT.com To Build Blog Empire
Following The New York Times and Wall Street Journal into the world of financial blogging, FT.com has fielded a team of big-time writers who will blog for the newspaper’s online operation. Some of the…
BEA Systems (BEAS) Claimes It Is A Great Beauty
BEA Systems (BEAS) want portential buyer Oracle (ORCL), which has offered $17 a share, to know that the company is worth $21. Why is it worth so much? Because Goldman Sachs and the company’s…
Poor Progress At XM Satellite (XMSR)
Analysts expected XM Satellite (XMSR) to loss $.44 on $287 million in revenue. Revenue for the 2007 third quarter increased approximately 20 percent year over year to $287 million compared to $240 million in…
Pre-Market Stock News (October 25, 2007)
(AET) Aetna $0.97 EPS vs $0.91 est.(ALGN) Align Technology traded down 20% after earnings beat but lower guidance.(BDK) Black & Decker $1.59 EPS vs $1.44 est.(BG) Bunge $2.70 EPS vs $1.80 est.(BKHM) Bookham -$0.10…
Pre-Market Analyst Calls (October 25, 2007)
ACV started as Mkt Perform at Wachovia.AVP started as Outperform at Wachovia.CHD started as Mkt Perform at Wachovia.CHTT started as Mkt Perform at Wachovia.CL started as Outperform at Wachovia.CLX started as Mkt Perform at…
Comcast (CMCSA): An Unspectacular Quarter
Analysts expected EPS of $.18 from Comcast (CMCSA) based on $7.76 billion in revenue. For the third quarter, revenue moved up 21% to $7.781 billion. EPS hit $.18. Operating cash flow moved up 20%…
Nasdaq Short Position For October, Sun (JAVA) Shows Huge Improvement
Below are the short positions for major companies traded on the Nasdaq as of October 15. The figures compare to numbers on September 28, 2007 Traders bet big on Sun’s turnaround, dropping their short…
Another Bad Quarter For Motorola (MOT)
Motorola (MOT) said that third-quarter net profits fell to $60 million, or 3 cents a share, from $968 million, or 39 cents a share, a year earlier. The average forecast of analysts polled by…
Europe Markets 10/25/2007
Markets in Europe were up sharply at 6.15 AM New York time. The FTSE rose 1% to 6,548. British Air (BAB) rose 2.7% to 435. BT (BT) rose 1.9% to 314.5. Intercontinental Hotels rose…
Americans See A Recession (WMT)(BBY)(TGT)
Almost two-thirds of Americans say a recession is likely in the next year and a majority believes the economy is already faltering, according to a Bloomberg/Los Angeles Times survey. That means that holiday spending…
Mortgage Losses Could Hit $400 Billion
According to The New York Times "economists say the troubles in the mortgage market could, all told, cost financial firms and investors up to $400 billion." The figure includes losses in home values and…
Nintendo Out-Guns The Competition
Nintendo had another monster quarter. Group net profit soared to ¥132.42 billion ($1.16 billion) in its fiscal first half from ¥54.35 billion a year earlier. Group sales more than doubled to ¥694.80billion from ¥298.82…
Sony (SNE) Earnings Undermined By PS3
According to The Wall Street Journal: "Sony posted a group net profit of ¥73.7 billion ($645 million) in its fiscal second quarter, compared with ¥1.7 billion a year earlier." The company’s game division posted…
Media Digest 10/25/2007 Reuters, WSJ, NYTimes, FT, Barron’s
According to Reuters, profits rose at Sony (SNE) driven by camera sales. Reuters writes that Google (GOOG) held a day with analysts and the press to show off its new technology and plans. Reuters…