GM (GM) Sales Get Hammered
GM’s (GM) US sales fell 22% during July to 320,935. Car sales fell 26% and light trucks were off by 19%. At about the same time that GM announced its results Ford (F) said…
All Work
Douglas A. McIntyre
Starbucks, Waiting For Earnings (SBUX, WFMI, MCD)
Starbucks Corp. (NASDAQ:SBUX) has seen its stock under pressure since the end of 2006. Tonight it reports earnings, and First Call estimates are $0.21 EPS and almost $2.4 Billion in revenues. The next quarter…
Motorola (MOT) Hits New Low As Nokia (NOK) Near 100 Million Unit Quarter
Motorola (MOT) hit a new 52-week low today. And, at $16.73, it is no wonder. Nokia (NOK), the US company’s larger rival, is expected to say that it sold nearly 100 million handsets last…
Can Napster Become Profitable? (NAPS)
Napster Inc. (NASDAQ:NAPS) is set to report earnings after the close, and First Call pegs estimates for another loss at -$0.15 EPS and just under $32.5 million in revenues. If the company offers guidance…
At Least Toyota’s (TM) Sales Fall, Too
Sales of Toyota (TM) vehicles fell over 7% to 224,058 in the US during July. Ford (F) and Chrysler (DCX) had significant drop-offs in unit sales last month. The Japanese car maket said that…
Amazon (AMZN) To Compete With PayPal
A report at TechCrunch indicates that Amazon (AMZN) will launch on online payment service to compete with Ebay (EBAY) PayPal and Google (GOOG) Checkout. TechCrunch writes users will be "redirected to Amazon’s servers to…
Apple (AAPL): A 3G iPhone?
Reports circulating on Wall St. indicate that Apple (AAPL) may introduce new versions of its iPhone. TheStreet.com reports that "RBC analyst Mike Abramsky issued a note Tuesday that attempted to draw a roadmap on…
EMC’s VMware IPO Date & Terms (EMC, VMW, INTC, CSCO)
The upcoming partial IPO of VMware (NYSE:VMW) from EMC Corp. (NYSE:EMC) has been one of great interest, which almost goes without saying. Terms are now set and the IPO roadshow has begun. As previously…
Ford (F) Gets Gored
July sales for Ford (F) could not have been much worse. Total vehicles sold in the the US fell 19% to 195,245. Truck sales were off 11% to 135,157. Car sales plunged 33% to…
Valero Energy Corp. Mixed Reaction (VLO)
Valero Energy Corp. (NYSE:VLO) posted earnings after yesterday’s close. Profits came in at an all-time high on high oil prices. The refiner’s net income was over $2.2 Billion with an EPS report of $3.89. …
American Home Mortgage Carnage Continues in Mortgage Land (AHM, BSC, LEND, NLY, CHC, TMA)
American Home Mortgage Corp. (NYSE:AHM) shares traded over 30 million shares yesterday after being halted for a day and a half. It is likely that the sub-Saharan tribal residents know of the company’s woes…
GPS Stocks Cruising Up Wall Street & Main Street (GRMN, NVT, TRMB, SIRF)
NAVTEQ Corp. (NYSE:NVT) is seeing its shares trade up over 10% on strong orders that exceeded estimates and guidance that equally exceeded estimates. This puts shares within striking distance of highs. Sector leader Garmin…
Analysts To Blackstone’s Rescue (BX)
Blackstone Group, L.P. is seeing its shares, well units, trading up almost 2% pre-market on a day when DJIA futures have traded down over 100 points. The catalyst was the end of the broker…
Pre-Market Stock News (August 1, 2007)
(BSC) BearStearns trading lower on other reports of a hedge fund write-off.(BWLD) Buffalo Wild Wings trading down 11% after earnings and guidance failed to keep up with recent performance.(BX) Blackstone trading up over 2%…
Pre-Market Analyst Calls (August 1, 2007)
AAPL raised to Buy at Citigroup.ACMR cut to Neutral at Credit Suisse.AG raised to Outperform at Bear Stearns.AHG raised to Neutral at Oppenheimer.ARM raised to Buy at UBS.ATNI raised to Buy at UBS.BX started…
Verizon (VZ) Works Around Apple (AAPL) iTunes
Verizon (VA) has set a deal with Columbia Records to allow its wireless users to download songs from band AD/DC for a modest fee. No PC is necessary. And, consumers can’t buy it on…
Why Bear Stearns (BSC) Stock Will Drop Below $100
Bear Stearns (BSC) trades at $121 now, down from almost $173 earlier this year. And, it will be below $100 by Labor Day. The disintegration of two of its funds with large positions in…
GM (GM) And Ford (F): An Inconvenient Truth
The press and the business community clearly want large US car companies Ford (F) and GM (GM) to prevail in their struggles to reshape themselves as smaller, profitable companies. They are icons of American…
Media Digest 8/1/2007 Reuters, WSJ, NYTimes, FT, Barron’s
According To Reuters, News Corp (NWS) agreed to buy Dow Jones (DJ) for $5.6 billion Reuters reports Sanofi-Aventis profits were hit by cometition from generics. According to The Wall Street Journal, Bear Stearns (BSC)…
Asia Markets 8/1/2007
Markets in Asia were off sharply. The Nikkei fell 2.2% to 16,871.Sony (SNE) fell 2.9% to 6130. Toyota (TM) fell 1.4% to 7100. The Hang Seng was off 2.7% to 22,568. China Mobile (CHL)…