Ebay (EBAY) Earnings Blow The Doors Off
The market was wildly optimistic about Ebay’s (EBAY) earnings, trading the stock up a much as 5% today. It was a good play. Third quarter results took the stock up another 7% after hours…
All Work
Douglas A. McIntyre
Wal-Mart Catches A Goldman Sachs Upgrade (WMT)
Wal-Mart (NYSE:WMT) has been upgraded by Goldman Sachs in a late afternoon research call today. The bulge bracket firm raised Wal-Mart’s rating from a Neutral to Buy. Barron’s also ran an article mid-day with…
IPO Filing: Forum Oilfield Technologies
Forum Oilfield Technologies, Inc. has registered to sell up to $345 Million in common stock via an initial public offering. So far in the filing it only lists Credit Suisse and JPMorgan as the…
Perhaps Cablevision’s (CVC) Dolans Should Buy The New York Times (NYT)
Shares in Cablevision (CVC) and The New York Times (NYT) are both off about 3% today. Cablevision’s shares are down because its large shareholders don’t want the company sold. The Times is down because…
What Citrix Systems Earnings Mean To VMware (CTXS, VMW, MSFT, EMC)
Citrix Systems Inc. (NASDAQ:CTXS) is set to report earnings after the close today. Because of past options reviews and its old listing issues this may only be a partial or preliminary report that only…
Apple (AAPL) Opens Up iPhone Architecture
In a radical change of heart, Apple (AAPL) is opening up the software of its iPhone so that third-party developers can make applications for the handset using a software development kit supplied by Apple.…
Sifting Thru eBay’s Earnings (EBAY)
eBay Inc. (NASDAQ:EBAY) is on deck for earnings today. First Call has estimates pegged at $0.33 EPS and revenues at $1.83 Billion; next quarter estimates are $0.38 EPS and $2.06 Billion revenues; its Fiscal-2008…
Citi Woes Continue….Thanks To Mr. Prince (C, JPM)
Citigroup (NYSE:C) shares have spent most of the day in the tank after three straight down-days in the stock. In fact, todays intraday lows were actually 52-week lows. Conversely, JPMorgan Chase (NYSE:JPM) is seeing…
Are USA Today Results Sending NYT To 52-Week Low?
Gannett (GCI) announced Q3 results today along with details on revenue for September. Total operating revenues for the company were $1.81 billion in the third quarter compared to $1.88 billion in the third quarter…
China TechFaith Wireless (CNTF): Insane Chinese Stock Of The Day
China TechFaith Wireless (CNTF) is trading up 32% to $8.64 on news that the company announced that China’s Ministry of Public Security Information Center has awarded TechFaith a contract to custom develop a pocket…
Baidu (BIDU) Stock Rushes Up On E-Commerce Move
Baidu (BIDU), which operates the most popular search engine in China, has traded as high as 70x revenue. The stock was beateen down last week, but it appears that the little drop is about…
Heelys Blows The Tires Off (HLYS)
If you’ve ever heard shoes referred to "wheels" in slang that isn’t really slang for Heelys Inc. (NASDAQ:HLYS), which makes the wheeled shoes for kids. This was a fairly hot IPO for a brief…
Medarex Hit With Sell Rating (MEDX, BMY)
Medarex (NASDAQ:MEDX) is seeing shares being hit by a research note where Banc of America initiated coverage with a "SELL" rating. This is a fairly thin volume stock in pre-market trading, but shares are…
Pre-Market Stock News (October 17, 2007)
(ABBI) Abraxis received two FDA Approvals for Fludarabine Phosphate as cancer drugs.(ABT) Abbott Labs $0.67 EPS vs $0.66 est.(ALGN) Align Tech traded up on positive Cramer comments on Mad Money.(ASYS) Amtech Systems announced $17.4…
T. Boone Pickens: $100 Oil Coming
This morning CNBC hosted oil guru T. Boone Pickens for his oil outlook. He thinks oil is going on up and he thinks within a year that you’ll see $100 oil. There is no…
Pre-Market Analyst Calls (October 17, 2007)
ADSK cut to Neutral at UBS.ANSS started as Outperform at Bear Stearns.BMC cut to Underperform at Bear Stearns.COGN cut to Mkt Perform at FBR.ERIC cut to Equal Weight at Lehman.GME started as Outperform at…
Altria (MO) Smokes Estimates, Shares Ups
Altria (MO) announced third-quarter diluted earnings per share from continuing operations of $1.24, up $0.19 or 18.1% versus the prior year. And, the company had further good tidings. It raised its forecast to a…
Have A Coke (KO) And A Smile, Good Quarter On Tap
The Coca-Cola Company (KO) reported third quarter earnings per share of $0.71, an increase of 15 percent versus the prior year quarter. Earnings per share for the quarter included a $0.03 per share charge…
JP Morgan’s (JPM) No Where Quarter
JP Morgan (JPM) reported 2007 third-quarter net income of $3.4 billion, up from $3.3 billion in the third quarter of 2006. Earnings per share of $0.97 were up 5%, compared with $0.92 per share…
Cablevision (CVC) LBO Is Toast
Most LBO’s these days get killed because buyers develop remorse over a high price and the tough borrowing environment. At Cablevision (CVC) all of that has been turned on its head. The founding Dolan…