Is it over for U.S. Automakers? Say it ain’t so
From The Stock Masters Is there hope America? Today Ford said its U.S. auto sales fell 13.5% in February and DaimlerChrysler posted a 7.7% decline. Meanwhile, Honda said its U.S. sales rose 3.2% on…
All Work
Douglas A. McIntyre
Cramer Wanted More Panic-Selling
On today’s STOP TRADING on CNBC, Jim Cramer said he wished it was worse to shakeout more of the weaker longs to create a better bounce and rally. There was no major panic but…
GM: The Bright Spot in US Autos
General Motors (GM-NYSE) shares just launched on the FEB auto numbers. It was assumed of a drop, yet the total US sales rise was listed as 3.4% to 311,763 cars and trucks. Retail sales…
Cramer: Yen Carry Trade is Noise
On today’s WALL STREET CONFIDENTIAL on TheStreet.com, Jim Cramer discussed the Yen-carry trade and the weakness. He noted how the yen carry-trade has been around forever, where traders borrow at 0.5% in Japan to…
Ford’s FEB Auto Sales Down, With an Explanation
Ford just released -13% year over year auto sales but the good news is that truck sales were only down 8.8% of that and the RETAIL sales were only down 8%. The reason it…
Chrysler Sales Down, But Not Off The Cliff
DaimlerChrysler AG (DCX-NYSE/ADR) has reported total group sales of 191,810 passenger vehicles in the U.S. for February 2007, an 8 percent decrease compared to February 2006. Chrysler Group, consisting of the Chrysler, Jeep and…
IM: Ingram Micro’s Charge is a True One-Timer
By William Trent, CFA of Stock Market Beat We have been very critical of companies taking charges and asking investors to ignore them. However, the charge Small Cap Watch List and Mid Cap Watch…
EAS: Energy East Earnings Ease
Bt William Trent, CFA of Stock Market Beat It just goes to show – given a mild enough winter even stable utilities can fall short. Case in point: Small Cap Watch List member Energy…
Global ETF Overbought/Oversold
From Ticker Sense As shown by the red dots that represent where the ETF was trading 5 days ago, markets have come in quite a bit. Most of the global ETFs that were overbought…
5% And Counting
From Ticker Sense Well after seven days of weakness, the market has now put in a 5% correction (on an intra-day basis). Will this be enough, as has been the case through the entire…
ISM Manufacturing Index for February 2007; The PMI Returns to the Black
The Institute for Supply Management just released its monthly manufacturing Report on Business survey (the old PMI), and the results came in with a slightly-positive reading of 52.3, up from 49.3 in January. The…
Markets Tossing Out Even Defensive Stocks
We won’t try to peg the exact market reading for you, but the market is going far further than defensive right out of the chute this morning. The DJIA had hit -200 points so…
The Curious Case Of Ciena’s Sell Off
Ciena (CIEN) reported what appeared to be strong earnings. Revenue rose 37% from the quarter last year to $165 million. But, the sequential increase from the immediately previous quarter was only 3%. The company…
Deciphering Sears’ Earnings
Sears Holdings Corporation (SHLD-NASDAQ) has reported net income of $820 million, or $5.33 diluted EPS, for the quarter ended February 3, 2007. This compares with net income of $648 million, or $4.03 per diluted…
McDonald’s And Starbucks: The Coffee Wars
The Wall Street Journal is reporting that McDonald’s (MCD) will be offering lattes and other high-end coffees soon. And the pricing will be about $1 below comparable products at Starbucks (SBUX) Bad news for…
NYSE Electronic Probe Bites Its Hands (NYX, NASDAQ)
The New York Stock Exchange (NYX-NYSE) is being looked at by the SEC over its trading glitch and whether or not the switch to an all-electronic trading platform was partially responsible for the 200+…
Pre-Market Analyst Summary (MAR 1, 2007)
AAPL raised to Overweight at Lehman.AIMC cut estimates at RWBaird.BMY raised to Buy at UBS.CBS reitr Buy at UBS.CC cut to Mkt Perform at Piper Jaffray.CMVT raised to Outperform at FBR.CNL raised to Buy…
Pre-Market Stock News (MAR 1, 2007)
(ALNY) Alnylam and Isis announce allowance of first U.S. Patent covering human microRNAs.(ALO) Alpharma said the FDA approved its Kadian new 200mg strength.(APPB) Applebees announced negative February same store sales.(CGPI) CollaGenex Pharm announces positive…
Earlybird Analyst Calls (MAR 1, 2007)
AIMC cut estimates at RWBaird.BMY raised to Buy at UBS.CBS reitr Buy at UBS.CMVT raised to Outperform at FBR.DBRN raised to Buy at SunTrust Robinson Humphrey.DCP cut to Sector Perform at CIBC.DCX maintained Buy…
Oracle Turns Its Guns On Business Objects
Oracle (ORCL) is buying business-intelligence company Hyperion (HYSL) for a premium North of 20% in a deal worth about $3.3 billion. SAP (SAP), Orcacle’s largest rival, markets its software to a number of companies…