Wall St. could tell right away that it was a huge quarter. Within seconds of the earnings release, Netflix (NFLX) shares were up 18% to almost $27.20 Revenue for the third quarter…
Douglas A. McIntyre According to Reuters, China CITIC Bank is bidding to buy a stake in Bear Stearns (BSC) Reuters reports that the National Retail Federation’s survey of its members shows retail sales are expected…
Below is the short interest for major company stocks traded on the Nasdaq. The figures are from August 15 and compare to numbers from July 13, 2007. Investors were not willing to…
According to Reuters, China Mobile’s (CHL) net rose 28%. Reuters writes that Amgen (AMGN) will fire 14% of its sales force. Reuters reports that Hasbro (HAS) will increase inspection of products from…
In 1942, economist Joseph Schumpeter came up with the notion of "creative destruction". The term became more popular in the 1970s and 1980s as Wal-Mart (WMT) ran K-Mart out of town and…
According to Reuters, Dow Jones (DJ) controlling Bancroft family met to discuss Rupert Murdoch’s bid for the company and should vote later this week. Reuters writes that revenue and income fell at…
NetFlix (NFLX) lost 12% of it market value today and fell as low as $17.17. That was until Wall St. saw the company’s earnings. Revenue for the second quarter of 2007 was…
Douglas A. McIntyre NetFlix (NFLX) will drop its DVD rental fees to match those that Blockbuster (BBI) charges for DVDs sent to customers through the mail. According to The Associated Press "Netflix will charge $16.99…
Douglas A. McIntyre Start with this. Blockbuster (BBI) has $2.4 billion in rent due from now until its last current store lease expires. Of its 5,194 stores, 939 were operated through franchisees. Blockbuster only pays…
Douglas A. McIntyre According to Reuters, the Apple (AAPL) iPhone will hit stores today giving the mobile industry a jolt. Reuters writes that GM (GM) has sold its Allison Transmission business for $5.6 billion. Reuters…
ABCO started as Outperform at CIBC.AXTI started as Buy at First Albany.BKD started as Buy at Jefferies.BOOM started as Buy at First Albany.CQB started as Buy at Morgan Joseph.EXBD started as Sector…
AGP raised to Hold at Jefferies.ARAY started as Underperform at CIBC.BE cut to Underperform at Jefferies.BF/a raised to Overweight at JPMorgan.BOT cut to Neutral at Credit Suisse.CAVM started as Buy at Deutsche…
