Why Earnings Don’t Matter (IBM)(GOOG)(MSFT)
In a relatively stable economy, quarterly earnings releases and public company forecasts can be useful guides to Wall St. Corporations can actually look out a three to six months and forecast how…
In a relatively stable economy, quarterly earnings releases and public company forecasts can be useful guides to Wall St. Corporations can actually look out a three to six months and forecast how…
According to Reuters, Samsung had its first ever quarterly loss. Reuters reports that Pfizer (PFE) is in takeover talks with Wyeth (WYE), a deal that would be worth $60 billion. Reuters reports…
Google is still a growth company but it is no longer one with awe-inspiring year-over-year comparisons. Its revenue may no longer be moving up rapidly enough to support a a price point…
The surprise earnings release from Microsoft this morning was meant to ward off leaks on an already-down day. But Google Inc. (NASDAQ: GOOG) was the scheduled duelist against Microsoft for all of…
A look at the numbers for Microsoft’s last quarter would make most investors shudder. Revenue barely moved, up 2% to $16.6 billion. Net income was of 11% to $4.2 billion. The world’s…
According to Reuters, a House committee advanced the economic stimulus bill. Reuters reports that China’s GDP growth slowed. Reuters reports that exports from Japan dropped sharply. Reuters writes that Sony (SNE) warned…
These are some of the top upgrades and positive calls we have seen from analysts on Wall Street this Wednesday morning: American Axle (AXL) Raised to Hold from Sell at Deutsche Bank.…
According to Reuters, the financial crisis may speed up the approval of the Treasury Secretary. Reuters reports that Fiat has set a deal to own 35% of Chrysler. Reuters reports that an…
This week is the launch of earnings season, and we have outlined the companies which we believe will have the largest impact on their sector or on the overall market. Johnson &…
According to Reuters, Bank of America will get a huge financial aid package from the government. Reuters reports that Congress is advancing legislation to release the balance of the TARP funding. Reuters…
Motorola (MOT) will lay off 4,000 more people this year. In the fourth quarter, it sold only half as many handsets as it did in the same quarter a year ago. The…
Thomas Alva Edison accumulated 1,093 US patents over his lifetime. Most R&D operations are not that efficient. Corporations hate research. It is expensive. The scientists know more about a company’s products than…
According to Reuters, Citigroup (C) has begun the process of breaking itself into pieces. Reuters reports that Chrysler is in deal talks about selling assets to Renault or Magna. Reuters reports the…
It is picking low-hanging fruit to say that Yahoo!’s (YHOO) new CEO, Carol Bartz, can’t fix the portal company. Yahoo!’s shares are down about 3% on the news of the selection. Bartz…
Shares in CBS (CBS) are down almost 65% over the last year, much more than the DJIA and other major media companies. Part of the reason is that the firm is poorly…