Wal-Mart Calling for Higher Minimum Wage?
Wal-Mart (WMT) issued a press release today calling for support in a minimum wage increase, and even disclosed that Lee Scott had called for a hike in the minimum wage in October 2005. Wal-Mart…
All Work
Douglas A. McIntyre
Genetech Reacts to Q4 Earnings
Genentech (DNA) traded up marginally after beating expectations. The company posted $0.61 EPS vs $0.56 estimates and total product sales of $2.053 Billion; revenues were $2.714 Billion versus $2.55 Billion estimates. They forecast 2007…
US Stock Market Close (JAN 10, 2007)
DJIA 12,442.16; Up 25.56 (0.21%)NASD 2,459.33; Up 15.50 (0.63%)S&P500 1,414.85; Up 2.74 (0.19%)10YR-Bond 4.682% Up 0.026NYSE Volume 2,698,448,000NASD Volume 2,242,837,000 Apple (AAPL) continued its meteoric rise up…
Cramer Reviews More Top Picks
On today’s STOP TRADING segment on CNBC, Jim Cramer said to focus on $5′ and $6’s in his top picks. Blockbuster (BBI) was one of his picks, as taking back lost ground from Netflix…
Telephone Co. Won’t Like Comcast Outlook
The CEO of Comcast (CMCSA) says his venture into the VoIP business is gaining momentum. Brian Roberts projects that 20% of his customer base will subscribe to voice service by 2009, and that the…
What Can Eastman Kodak Do Right?
Antonio Perez, Chairman & CEO of Eastman Kodak, is facing more and more pressure. The market hasn’t been under pressure today, and the market is greeting this sale of its health imaging for up…
THQ: In The Way, Way Back Fold
From AAO Weblog It’s been a while since I mentioned the way, way back option restaters. Here’s a new one in the fold: THQ, Inc., who filed a non-reliance 8-K on January 9 outlining…
Earnings Season Blues
From Ticker Sense With earnings season now upon us after Alcoa (AA) reported last night after the close, we have updated our chart that shows the S&P 500 cumulative returns during and outside of…
EBay Buys StubHub, Scalps Tickets
Ebay (EBAY) is reportedly purchasing ticket auction operation StubHub for $300 million. That is about 30 times cash flow according to the Wall Street Journal. Ebay currently has a unit that competes in the…
The Best of: Sirius Has Made a Deal with the Devil…
From Contrarian Edge In light of Howard Stern making the headlines with his $83 million bonus, I thought I’ll share this article with you that I wrote awhile back. I thought I had seen…
Gap’s Management Changes Aren’t Enough
There was almost an exciting headline on the tape at 12:30 called "Gap Inc. Announces Senior Management Changes at Gap and Old Navy Brands." Gap Inc. (GPS-NYSE) is making management changes in the design…
Cramer Looks Better Than the Analysts on Apple
Today, Cramer on TheStreet.com is out saying that the new iPhone’s cool factor isn’t in the numbers and that the guys who make the numbers are too young to have kids. If you will…
IPO Filing: GSI Technology
GSI Technology has filed to come public via an IPO of some $57.5 million worth of stock, although terms have not been set. The joint book-runners are Needham and W.R.Hambrecht; and others in the…
24/7 Wall St. 2007 Price Forecasts: Ford, $6.50
Over the next week, 24/7 Wall St. will set mid-year price targets (June, 30, 2007) for the 60 most widely traded stocks. Ford is featured here.
24/7 Wall St. 2007 Price Forecast: GM, $36
Over the next week, 24/7 Wall St. will set mid-year price targets (June, 30, 2007) for the 60 most widely traded stocks. General Motors is featured here.
Interpreting Sears
The hardest part of making any strong stand in Sears Holdings (SHLD) is that the bet is really on Eddie Lampert than it is on the entire company. Sears same-store-sales fell 5.6% in the…
McDonald’s Chases Starbucks, Or The Other Way Around
With the resurrection of McDonald’s (MCD) same-store sales and Starbucks (SBUX) march to 40,000 stores, an ugly competition is shaping up. McDonald’s has about 36,000 stores around the world, so some clash was probably…
International Aluminum Acquired by Genstar on Heels of Alcoa Earnings
International Aluminum (IAL) is being acquired by Genstar Capital LLC at $51.00 per share in a $228 million acquisition. It was unknown if Alcoa (AA) beating earnings would lead the sector higher, but even…
Pre-Market Stock Notes (JAN 10, 2007)
(AA) Alcoa traded up 4% after beating earnings.(ADPT) Adaptec lowered guidance.(ARDI) @Road wins pact from FPL Inc.(ARTC) Arthrocare maintained guidance.(CVX) Chevron said Q4 will be affected by lower commodity prices and lower margins.(DNA) Genentech…
Select Analyst Calls (JAN 10, 2007)
AA reiterated Overweight and target raised to $35 at Prudential.AAPL reitr Buy and raised target to $125 at Deutsche Bank; reitr Buy at Merrill Lynch and target raised to $112.ABB raised to Buy at…