Amazon.com Slams The Doubters
Amazon.com (AMZN-NASDAQ) earnings came in at $0.26 EPS and $3.2 Billion in revenues versus estimates of $0.15 and $2.93 Billion; please keep in mind that the tax rate being much lower made the difference:…
All Work
Douglas A. McIntyre
Sun Kills It Rally
Sun Microsystems (SUNW) closed up 2 cents in regular trading at $5.94. Over the last three months, the stock is down about 5%. Over the course of the last two years, it is up…
Cramer’s Multiple Picks (APR 24, 2007)
Jim Cramer on CNBC’s Stop Trading segment noted Honeywell (HON) as being a huge quarter. On AT&T (T) CRamer said he thinks the company should have gone farther out on the limb in guidance,…
Wal-Mart General Hospital
Wal-Mart Stores, Inc. (WMT-NYSE), has announced that it intends to contract with local hospitals to open as many as 400 in-store health clinics over the next two to three years. For future growth it…
Apple: Bad To The Core
From the WSJ: Former Apple CFO Fred Anderson issues statement blaming Steve Jobs for backdated options grant. Anderson has just settled with the SEC so it would appear that he is clear from any…
Vonage Gets Some Hope (VG, CLWR)
Vonage Holdings (VG-NYSE) may have just been saved, or at least the worst case scenario just got put off to a later date: The U.S. Court ofAppeals for the Federal Circuit in Washington D.C.…
LXK: Lexmark Trips Up
From William Trent, CFA of Stock Market Beat
StreetInsider.com Unusual 11 Mid-Day Movers 04/24/2007
Amarin Corporation plc (NASDAQ: AMRN) 79% LOWER; Announces top-line results from its two Phase III clinical trials of Miraxion to treat Huntington’s disease (HD). The Company conducted two Phase III double-blind, placebo-controlled studies in…
(LTD) Limited Ponders Sale of Apparel; Shackles May Come Off Stock
Management at Limited Brands (LTD) was very clear to analysts at the most recent investor day, stating that the future of the company was in the Bath & Body Works and Victoria’s Secret brands,…
ISE Earnings Estimates May Be Low
If you just looked at the headline numbers for the Chicago Merc (CME) this morning, you would have missed something important. There are 10 analysts covering CME, a large and well-known bourse that like…
AMD’s (Almost) Favorable Borrowing Terms Help, For Now
Last night, Advanced Micro Devices (AMD-NYSE) dropped the ball that it was selling $1.8 Billion in senior convertible notes and shares were down 3% in after-hours and pre-market activity. This morning shortly before the…
The New York Times Should Sell About.com
Arthur Sulzberger, Jr., Chairman of The New York Times Company (NYT) made this comment in the company’s proxy: "we believe About.com is now worth at least twice what we paid for it." Fine. Then…
DRAM Prices Bottoming: Industry Forecasts
DRAMexchange has a note this morning that DRAM prices may soon hit a bottom. It also notes that NAND Flash suppliers are speeding up development of built-in memory products for the emerging mobile communications…
IPO Trading Alert: Cinemark Holdings (CNK)
Cinemark Holdings did price its IPO last night at the higher-end of the range. It priced 28 million shares at $19.00, and the range was indicated at $17.00 to $19.00. The joint book runners…
Full Research Summary (APR 24, 2007)
ADI started as Outperform at Bear Stearns.ADM started as Neutral at B of A; started as Overweight at JPMorgan.ARXX Cut to Hold at Jefferies.BBND started as Buy at Jefferies; started as Outperform at Cowen…
IPO Filing Alert: Lumber Liquidators
Lumber Liquidators, Inc., the largest specialty retailer of hardwood flooring in the United States, has filed to sell up to $150 million in shares via an IPO. Underwriters are listed as Goldman Sachs and…
AT&T: Don’t Phone Home
AT&T (T) Q1 Thomson estimate revenue $29.52B. Well, so much for the estimate. AT&T’s first-quarter 2007 reported net income was $2.8 billion, up from $1.4 billion in the first quarter of 2006, and reported…
Pre-Market Stock News (April 24, 2007)
(AAPL) Apple’s ex-CFO is settling SEC accounting issues over backdating of options; ex-legal counsel is not settling and will fight the charges. (ATU) Actuant noted by Cramer as a private equity potential buyout target.(ALTR)…
China Loves Its Pirates
China thinks that the US is being too tough on it by taking complaints about piracy of films and software to the World Trade Organzation. But according to Reuters: "Underscoring the problem, DVDs claiming…