What To Expect From Wal-Mart Earnings (WMT)
The world retail behemoth that goes by the name of Wal-Mart will report earnings pre-market on Tuesday, August 14. We just saw the July same store sales Thursday, so much of the actual sales…
All Work
Douglas A. McIntyre
Hewlett-Packard: Great Earnings Expectations (HPQ)
Hewlett-Packard (NYSE:HPQ) reports next week on Thursday, August 16 and Wall Street is looking for roughly 10% revenue gains and more than 20% earnings gains. Analysts according to First Call are expecting $0.65 EPS…
Previewing Applied Materials Earnings; They Didn’t Get The Down Market Memo (AMAT, KLAC, NVLS, LRCX, ASML)
Applied Materials (NASDAQ:AMAT) reports on Tuesday, August 14. This will be interesting for chip equipment stocks as this is the largest chip equipment stock out there, but the main reason this will be even…
RIMM (RIMM) Goes Wi-Fi
The new RIMM (RIMM) Blackberries, called the 8310, 8820, and Pearl 2, will have Wi-Fi capability and will be able to switch back and forth between the wireless standard and EDGE . As The…
IPO Filing: CreditCards.Com…Is This Ironic Or What?
This morning we have had an IPO filing with the SEC from a company called CreditCards.com. If this is not ironic because of the current credit meltdown and liquidity squeeze, then irony no longer…
Five Winning DJIA Components On a Bad Day (August 10, 2007) (IBM, JNJ, PG, XOM, UTX)
The DJIA is down more than another 150 points today, although it had been down 200 in pre-market activity before the Fed added liquidity this morning. We have been down actually less than triple…
Sun’s (SUNW) Fall: A New 52-Week Low
Sun Microsystems (SUNW) sold off today and hit a 52-week low at $4.50. Its 52-week high is $6.78. The company put out mediocre numbers on July 30, so this is a bit of a…
Central Banks Step In: Injecting Liquidity Rather than Cutting Rates
There are more reports of world central bank interventions today. The European Central Bank stepped in and providing added liquidity. The Associated Press put today’s figure at $83.9 Billion and Bloomberg put the figure…
Wyeth (WYE): More Bad News
Wyeth’s (WYE) shares are off 10% over the last three months, and trade near their 52-week low. The stock is about to go lower. The company disclosed the receipt of an action letter from…
Pre-Market Stock News (August 10, 2007)
(BDY) Bradley Pharma said its special committee has received bid indications in its attempt of exploring strategic alternatives.(CFC) Countrywide Financial down over 10% after disclosures in SEC Filing.(DISH) Echostar $0.50 EPS vs $0.50 est.(INTC)…
Intel (INTC): A Safe Haven Stock
Intel (INTC) is supposed to be a growth stock. It has been winning its market share battle with rival AMD (AMD). Its shares are up 36% in the last year. But, it may also…
News Corp’s Wall Street Journal Will Give NYT And Yahoo! Fits
Rupert Murdoch, head of News Corp (NWS), has spoken about some of his plans for The Wall Street Journal. At least one of his ideas could do severe damage to two companies which are…
Toyota’s (TM) US Problem
Toyota (TM) says that its growth in the US will slow over the next several years. Toyota has 17% of the market, so that may have something to do with the law of large…
Man Group Cancels IPO
In another sign that very few will make it public in a troubled market, Man Group, the largest publicly traded hedge-fund is cancelling its plans to have an IPO of Man Dual Absolute Return…
Europe Markets 8/10/2007 Slide Continues
Markets in Asia were down sharply at 6 AM New York time. The FTSE fell 1.8% to 6,159. Barclays (BCS) was down 4.1% to 653.5. BHP Billiton (BHP) was off 3% to 1311. Vodafone…
Google (GOOG): The Safest Stock In The World?
Shares in Google (GOOG) are at $515, up about 18% this year. Some other internet companies are up much more. Chinese search leader Baidu (BIDU), a genuinely tiny company, is up 78%. It trades…
Owning Altria (MO): Cigarettes Sell
With the market in bad shape and likely to get worse, investors are running in circles looking for something to buy? Well, tobacco takes a long time to go out of style. And, Altria…
SEC Checks Wall St.’s Books For What It Can’t See (JPM)(BAC)
According to several media reports, the SEC is looking at the books of Wall St.’s five largest brokers. The target is undisclosed problems with mortgage securities and loans for private equity transactions and LBOs.…
Media Digest 8/10/2007 Reuters, WSJ, NYTimes, FT, Barron’s
According to Reuters the Asia central banks put extra cash into the banking systems as markets there fell sharply. Reuters writes that Man Group, the UK hedge fund, has delays its IPO. Reuters writes…
Asia Market 8/10/2007 Major Drops
Markets in Asia were off sharply. The Nikkei fell 2.4% to 16,764. Bridgestone fell 5% to 2555. Canon (CAJ) fell 3.9% to 6240. Honda (HMC) fell 3.4% to 3880. The Hang Seng was off…