Interpublic Ad Woes May Be Isolated
The Interpublic Group of Companies, Inc. (NYSE: IPG) may not be at a 52-week low but its shares are now trading at a low for all of 2012. The advertising empire’s poor second quarter…
All Work
Jon C. Ogg
Kansas City Manufacturing Shows Surprising Gain
Apparently not all manufacturing regions are slowing to a crawl. A report from the Kansas City Federal Reserve showed in its regional manufacturing survey some improvement in July. The improvement was very sluggish but…
S&P Chart … Safe to Buy? (SPY)
Stocks gapped higher as Mario Draghi said he would do anything and everything in his power to keep the euro intact. We are tracking the daily buy/sell points on the SPDR S&P 500 (NYSEMKT: SPY) as…
Kimberly-Clark Pleases on Earnings, Consumer Products Remain Favorable
Kimberly-Clark Corp. (NYSE: KMB) managed to beat earnings expectations with $1.30 per share versus estimates of $1.28 per share. Revenues were only up 0.2% year-over-year to $5.27 billion. We had estimates at $5.26 billion.…
Exxon Mobil Shows Earnings Strong with High Oil and Low Oil Prices
coutesy of Exxon Mobile Corp.Exxon Mobil Corp. (NYSE: XOM) is showing that oil is profitable at $80 or at $100 per barrel. The oil giant reported second-quarter net income of a whopping $15.9 billion.…
Aircraft Orders Offer Boost to Durable Goods
The report on durable goods came in above expectations for the month of June. The Commerce Department’s report showed a gain of 1.6% to a seasonally adjusted $221.63 billion for the long-lasting goods. Dow…
Big Drop in Weekly Jobless Claims … QE3 Killer?
The Labor Department is back to reporting volatile data on the weekly jobless claims. We saw in recent weeks a big drop and then a big gain. Now we have a drop of 35,000,…
Top Analyst Upgrades and Downgrades (MO, AVP, CAT, GMO, IGT, LO, MRVL, TFM, TSCO, WFT, WLP, ZNGA)
Jon OggThese are some of the top analyst upgrades, downgrades and initiations seen from Wall St. research calls this Thursday morning. Altria Group Inc. (NYSE: MO) cut to Neutral at UBS. Avon Products (NYSE: AVP)…
13 Unusual After-Hours Stocks on the Move (AKAM, FTNT, LVS, STX, WDC, OVTI, SYNC, TEX, TSCO, WFM, TFM, ZNGA, FB)
These are the 24/7 Wall St. unusual after-hours stocks on the move. Most of the movers are on earnings news. Akamai Technologies, Inc. (NASDAQ: AKAM) loved its earnings report as shares are up over…
Snake Eyes Earnings Report For Las Vegas Sands
Las Vegas Sands Corp. (NYSE: LVS) had already sold off massively due to the slowing trends in Asia. Now things have gone from bad to worse, and the worst of the news flow out…
The Death of Zynga, 2012 Earnings Guidance Cut By More Than Half
ZyngaZynga, Inc. (NASDAQ: ZNGA) has just reported its quarterly earnings of $0.01 EPS and a 19% sales growth with $332 million in revenue. The results compare to the Thomson Reuters consensus estimates of $0.06…
Visa’s Earnings Beat Matched With Big Share Buyback Plan
Visa Inc. (NYSE: V) managed to exceed earnings estimates and the news is likely going to be viewed positively for rival Mastercard Inc. (NYSE: MA). Visa’s earnings were also bested by the announcement of…
Whole Foods Delivers Strong Earnings Again, Likely At Expense of Peers
Whole Foods Market, Inc. (NASDAQ: WFM) is seeing shares surge after earnings. The organic and luxury grocery chain reported quarterly earnings of $0.63 EPS and a 14% rise in sales to $2.7 billion. The…
Was Raymond James Justified In Downgrading Apple?
Apple Inc. (NASDAQ: AAPL) took it on the chin last night and also today based upon the company’s very rare earnings and revenue shortfall. While the stock got crushed, we want to know if…
More Evidence of the Dividend Bubble, Utilities Looking Scarier
By now you know that we have started to become cautious on some of the top dividend stocks. It is not that we think anything is wrong at the companies, and it is not…
Surprise, Surprise… Manchester United Reportedly Delaying IPO
You were already warned if you are a 24/7 Wall St. read… The upcoming Manchester United initial public offering had all of the hallmarks of the Facebook, Inc. (NASDAQ: FB) initial public offering. Certainly you…
5-Year Auction Hits Record Low Yield
Uncle Sam gets to borrow money at this point for closer and closer to free each day. The insatiable appetite for the flight to safety is causing a new trend where investors are willing…
Big Gain in Oil Inventory Takes Toll on Crude Prices
The Department of Energy is out with its weekly oil inventory data showing a surprise build-up of crude products. The DOE showed that crude oil Stocks rose by 2.717 million barrels to 380.1 million…
Big July Short Interest Changes in Cult and Controversial Stocks (ALU, BAC, BKS, DNDN, DMND, FB, FSLR, GMCR, GRPN, HGSI, LNKD, NFLX, NOK, RSH, RIMM, SIRI)
The short interest data is out from the July 13 settlement date and we have compared these levels to the prior June 29 settlement date. It seems that there were some big changes with…
S&P Chart Fights Moving Averages Again On Earnings
Stocks were higher this morning but those gains quickly were taken back by the bears. We are tracking the daily buy/sell points on the SPDR S&P 500 (NYSEMKT: SPY) as the most liquid equity ETF on…