Pre-Market Analyst Calls (July 31, 2007)
ABM raised to Overweight at Lehman.ARP cut to Neutral at Sun Trust Robinson Humphrey.BLDR cut to Mkt Perform at Pip
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IAC Interactive (IACI): Bad News All Around
IACI (IACI) released second quarter 2007 results , reporting $1.5 billion in revenue, a 6% rate of growth over the prior year, and $136 million in Operating Income Before Amortization, compared to $165 million…
CBS (CBS): No Good News
CBS (CBS) revenues of $3.4 billion for the second quarter of 2007 decreased 3% from $3.5 billion for the same quarter last year. Operating income before depreciation and amortization ("OIBDA") of $859.4 million and…
GM (GM): The General Fights Back
GM (GM) announced net income of $891 million, or $1.56 per diluted share, for the second quarter of 2007, an improvement of $4.3 billion compared with a reported net loss of $3.4 billion, or…
Sirius (SIRI): Getting Subscribers Is Getting Harder
Sirius (SIRI) reported second quarter results, including a 51% increase in revenue from the year ago quarter to $226.4 million, and strong subscriber growth of 561,493 new subscribers during the quarter driving ending subscribers…
Lehman (LEH), Merrill (MER), Goldman (GS) And Bear (BSC) Get Junk Status
According to Bloomberg, the debt implied in the credit ratings of Merrill Lynch (MER), Goldman Sachs (GS), Lehman (LEH), and Bear Stearns (BSC) is akin to "junk" status. "Prices of credit-default swaps based on…
Alcatel-Lucent (ALU): The Price of Failure
Shares of Alcatel-Lucent (ALU) are down over 8% in European trading, as they should be. After the much heralded merger, the integration of the two companies has been a disgrace. Revenue in the second…
Europe Markets 7/31/2007 Big Rally
Markets in Europe were up sharply at 6 AM New York time. The FTSE rose 1.6% to 6,306. Barclays (BCS) was up 2.1% to 695. BHP Billiton (BHP) was up 2.6% to 1439. GlaxoSmithKline…
Sun’s (SUNW) Poor Quarter
Sun Microsystems (SUNW) will be up today. Up big. After hours, the stock move as much as 11% on the plus side. That took them to $5.40, still well below their 52-week high. Over…
Media Digest 7/31/2007 Reuters, WSJ, NYTimes, FT, Barron’s
According to Reuters, a groups lead by an internet entrepreneur is still pressing it case to buy Dow Jones (DJ). Reuters writes that Alcatel-Lucent”s (ALU) loss for Q2 was greater than expected. Reuters reports…
Asia Markets 7/31/2007
Markets in Asia were mixed The Nikkei fell .2% to 17,249. NTT (NTT) was down 1.3% to 518000. Toyota (TM) was down 1% to 7,200. The Hang Seng rose 1.5% to 23,090. China Petroleum…
Cameco: Playing Pinocchio or Pangloss (CCJ)
Cameco Corp. (NYSE:CCJ) did something interesting, and it’s a move that most companies do when they aren’t happy about a reaction to a news release. This morning the company issued earnings at $0.55 EPS,…
Just In Case…. Cramer Outlines the Doom & Gloom Scenario
On tonight’s MAD MONEY on CNBC, Jim Cramer said he is going at least address the doomsday scenario in the financial markets even though he doesn’t think it is reality. This would be the…
Sun Microsystems Must Love Cheap Component Prices (SUNW)
Sun Microsystems (NASDAQ:SUNW) posted earnings of $0.09 EPS GAAP and $3.835 Billion in revenues. Estimates were $0.05 EPS and $3.84 Billion revenues, but the GAAP EPS also had soem charges in it. We have…
Unionizing Toyota (TM)
The UAW negotiations with GM (GM), Ford (F), and Chrysler (DCX) has awakened a sleeping dog. Why isn’t Toyota unionized in the US? The media is filled with data on how much pension and…