Dell Escapes the Death Penalty
The company posted revenues of $14.4 Billion, sort of in-line with $14.45 Billion estimates. But $0.30 EPS is the headline instead of the $0.24 estimate. The street had been worried that the recent delay…
All Work
Douglas A. McIntyre
US Stock Market Wrap (Nov. 21, 2006)
DJIA 12,321.11; Up 4.57 (0.04%)NASDAQ 2,454.84; Up 2.12 (0.09%)S&P500 1,402.81; Up 2.31 (0.16%)10YR-Bond 4.5780%; Down 0.017%NYSE Volume 2,530,518,000NASD Volume 1,644,503,000 The White House even lowered its forecasts on…
Cramer unofficially takes Google’s target to $750
On today’s STOP TRADING segment on CNBC, Jim Cramer discussed Google (GOOG) as going to $600.00 and it has to pass $500.00 to get there. The numbers keep going up and the metrics keep…
Let The Games Being: UAW To Open Talks With GM
While the soap opera around the UAW’s negotiations with bankrupt parts maker Delphi play out, investors should not forget that the big union starts talking with GM in about six months.While this rites are…
Wal-Mart Now Targeting Food Prices To Keep Up Sales
by Jon C. OggNovember 21, 2006 Wal-Mart (WMT) is keeping its promise of cost cutting on select items. Today it has announced that now it will trim many select food price items. This is…
Ford’s Car Giveaway (F)
Ford is moving to "rational pricing" for its cars and trucks in the US. The is auto company speak for lowering car prices to reflect what incentives and low financing do to pricing anyway.…
Pirate Capital Wants Brinks (BCO) Sale, Seat on Board
From 13D Tracker In an amended 13D filing on Brinks Co. (NYSE: BCO), 8.5% holder Pirate Capital disclosed a letter to the board of directors of the Issuer, among other things, encouraging the board…
GameStop’s (GME) Sharp Reverse; Management Soothes Any Concerns; Stock Hits New Highs
by Jon C. OggNovember 21, 2006 GameStop (GME) managed to rectify themselves in the conference call today. The numbers looked light on revenues in the press release, but the company was able to address…
Will the Bull Market in Exchanges Ever End?
By Chad Brand of Peridot Capitalist Over the last few years we have witnessed an undeniably sensational run in the stocks of various stock, bond, and derivative exchanges. Private and owned by seat holders…
Verizon: Fiber is Fine, But Watch the Balance Sheet
By William Trent, CFA of Stock Market Beat A while back our friend Doug McIntyre said Verizon’s (VZ) fiber to the home strategy was unpopular with investors and hurting the company’s price/sales ratio. We…
Did GameStop Miss the Mark?
by Jon C. Ogg GameStop (GME) posted same-store-sales gains of 8.8% for the third quarter. Total sales were $1.0116 Billion and earnings per share were $0.22 before merger related expenses. Consensus estimates were $0.22…
Pre-Market Stock News (Nov. 21, 2006)
(AER) AerCap Holdings 26.1M share IPO priced at $23.00.(AMLN/LLY) Amylin & Lilly won approval for Byetta for diabetes in Europe.(AIQ) Alliance Imaging has an 8M share secondary.(AFN) Alesco has a 26M share secondary.(BA) Boeing…
Select Analyst Calls (Nov. 21, 2006)
by JON C. OGG ADBE raised to Outperform at Wachovia.ADTN cut to Hold at Jefferies.AIG started as Buy at B of A.AMZN tgt raised to $45 at Bear Stearns.APOL cut to Hold at Citigroup.AQNT…
Fifteen Most Overvalued Stocks: Sun Micro
Stocks: (SUNW)(HPQ)(DELL)(IBM) Sun Microsystems has had a resurrection of sorts. But, it still has a long, long way to go. The company’s stock has popped from $3.64 last November to $5.50, right around its…
Europe Market Report 11/21/2006 DeutscheBank Up Sharply
Stocks: (BCS)(BP)(BT)(GSK)(PUK)(UL)(RTRSY)(VOD)(BAY)(DCX)(DB)(DT)(SI)(ALA)(AXA)(FTE)(V) Markets in Europe were modestly higher at 6 AM New York time. The FTSE was up .3% to 6,224. Barclays was was up .4% to 710. BP was up .9% to 589.5.…
Microsoft’s Plan To Kill Linux
Stocks: (MSFT)(NOVL)(RHAT) Microsoft looked like a benign partner when it struck a deal with Novell recently to sell the open source Linux operating system side-by-side with the Suse version of Linux. MSFT agreed not…
Does Google Want To Put Interpublic Out Of Business
Stocks: (WPPGY)(EBAY)(YHOO)(GOOG)(IPG)(OMC) If Google has its way, its program for buying newspaper and radio time will automate a process that is now handled by ad agencies. The process is fairly labor intensive. That is…
Media Digest 11/21/2006 NYT, WSJ, Reuters
Stocks: (MSFT)(NOVL)(BA)(CMCSA)(GOOG)(DIS) According to Reuters, mergers and acquistions are surging worldwide with a focus on real estate, mining and media companies. Reuters writes that supporters of the open source operating system Linux are preparing…
Asia Markets 11/21/2006 Yahoo Japan Up, China Netcom Down
Stocks: (CAJ)(FUJ)(HIT)(HIPNY)(HMC)(NTT)(SNE)(TM)(CHL)(CN)(PCW)(HBC) Markets is Asia posted modest gains. The Nikkei was up .1% to 15,734. Bridgestone was down 1.3% to 2405. Canon was down .2% to 6110. Daiwa Securities was down .1% to 1222.…
Red Mountain Capital Discloses a 6.3% Stake in ABX Air (ABXA)
From 13D Tracker In a 13D filing on ABX Air, Inc. (NASDAQ: ABXA), Red Mountain Capital Partners LLC disclosed a 6.3% stake (3.66 million shares) in the company. There is no other record showing…