Current Feed Content from 4 Sep 08 08:39
Support Holds as Indices Stabilize, Then Rally Off Lows in Mixed Session
Thu, 04 Sep 2008 06:29:00 GMTThe stock market for the most part was down on the session, although the Dow did manage to eke out gain on the day.[More...]Wednesday’s Market Recap (9/3/2008)
Thu, 04 Sep 2008 06:28:00 GMTThe Commerce Department announced that orders for manufactured products rose by 1.3% in July, 50 basis points higher than analysts’ expectations of a 0.8% increase. July’s larger than expected increase was led by a large jump in commercial aircraft orders[More...]FDIC Fund Strained by Bank Failures May Lift Premiums
Wed, 03 Sep 2008 23:35:00 GMTFDIC Fund Strained by Bank Failures May Lift Premiums[More...]Dave Fry's Market Comments for September 3
Wed, 03 Sep 2008 22:10:00 GMTMARKET COMMENT September 3, 2008 Hurricanes are rolling thru the Atlantic and Gulf like so many errant bowling balls. Energy prices attempted some stabilization today as demand destruction takes precedence over storms for now. The on/off fire sale of Lehm[More...]Merits and Faults of Buybacks
Wed, 03 Sep 2008 21:57:00 GMTIt's hard to read the WSJ these days without hearing something about buybacks. Exxon absorbing $102 billion, Citigroup spending $8.3 billion and even Coach buying back $1 billion. Stock buybacks or share repurchases are known to have powerful effects[More...]Factors Leading to Investment Failure
Wed, 03 Sep 2008 21:34:00 GMTThere are complaints from lots of guys that there investments are big failure. They are doing hard work and following the steps advised by analysts and others but, still not getting the required results. There investment money shrinking in a day to day ba[More...]What is the Risk for the ECB? UK Firms Go On Fire Sale
Wed, 03 Sep 2008 21:31:00 GMTWHAT IS THE RISK FOR THE ECB? In yesterday’s Daily Currency Focus, we said that the 1.45 level was significant support in the EUR/USD.A break below that level would have opened the door for a move down to 1.42. Even though the EUR/USD did take out the sup[More...]Analyst Comments: Verisign, Commerce Bancshares, Cyclacel Pharmaceuticals, Newmont, Ball Corp, Wendy, CRA International, Daimler
Wed, 03 Sep 2008 21:17:00 GMTVerisign, Inc. (VRSN) reported $303 million in revenues during Q2, up 17.1% y/y but down 14.4% q/q. Revenues from core business (Domain Names, SSL Certificates, and Identity and Authentication Services (IAS), came in at $233 million. GAAP EPS came in at ($0.35) for the quarter. Pro-forma EPS of $0.25 exceeded our estimate by $0.03. Core business generated a non-GAAP operating margin of 34.2%, up from 30.3% registered in Q1 2008. Growth in the naming business slowed down. The management provided Q3 revenue guidance of $236-241 million. They remain confident of exiting 2008 with an operating margin of 35%. VeriSign is trading at 31.7 times our reduced 2008 earnings estimate of $0.98 per share. As the Internet spreads to mobile devices, we see VeriSign tapping this growth market with an array of value-added services. Moreover, we believe[More...]Credit Suisse: Housing Market Bottom Over a Year Away
Wed, 03 Sep 2008 21:13:00 GMTA recent Credit Suisse predicts that the housing market won't bottom out until the ratio of median housing prices to family income returns to historical levels:[More...]Technical Analysis Video Trend Review 9/3/08
Wed, 03 Sep 2008 20:31:00 GMTHere is a HIGH RESOLUTION VIDEO DOWNLOAD for today.[More...]Oil Slides on Safe Storm Passing, Stronger Dollar
Wed, 03 Sep 2008 20:31:00 GMTBy Jennifer Yousfi Managing Editor Oil prices dropped yesterday (Wednesday) as news that oil majors’ Gulf of Mexico facilities were unscathed coupled with the dollar’s seven-month...[More...]Notable Gappers of the Day: Medivation, Corning, ConAgra Foods, Joy Global
Wed, 03 Sep 2008 19:30:00 GMTMedivation Inc. (NASDAQ: MDVN) surged this morning with heavy volume after the company make an announcement that they entered into global agreement to co-develop and market Dimebon, Medivation’s investigational drug for treatment of Alzheimer, with Pfizer[More...]Chrome: Just Another Free Google Product
Wed, 03 Sep 2008 18:33:00 GMTThe announcement from Google (GOOG) yesterday that it has released a beta version of a new web browser called Chrome has gotten a lot of attention, but shareholders like myself aren't overly enthused. Once again it appears that Google is more about coming[More...]Coca Cola: Looking East?
Wed, 03 Sep 2008 18:06:00 GMTOn Wednesday, Global soft drink giant Coca-Cola (KO) announced in public that it has made a bid to acquire one of China’s largest juice makers for about $2.4 billion. The deal for the China Huiyuan Juice Group, which is based in Beijing[More...]The DELL Decline
Wed, 03 Sep 2008 17:54:00 GMTDell Inc (DELL) missed earnings last week and investors punished the stock by sending shares lower, breaking the daily uptrend and numerous levels of support. Let’s take a quick look at the charts to see what we can learn from these developments.[More...]Pledge to Hedge: An Ancient Trick For Cooling Can Save Big Bucks
Wed, 03 Sep 2008 17:48:00 GMTKeith Fitz-Gerald Investment Director (This is the sixth installment of an ongoing series) “You’re going about this the wrong way, ” said my friend and architect Fredrick...Money Morning is here to help investors profit handsomely on this seismic shift in the global economy. Money moves markets. But Money Morning lets you move first.[More...]
Analysts Cutting Estimates Again - Earnings Trends
Wed, 03 Sep 2008 17:38:00 GMTLooking forward to the third quarter, it looks like it should be broadly similar to the second quarter in terms of median growth. For the S&P 500 as a whole, 6.12% growth is expected. However if you factor in about a 3% positive surprise then we are roughly inline with the second quarter. In terms of sector performance, the general rank ordering is similar. Energy is expected to far out perform all other sectors with growth of 33.3%. Then there is a tight grouping of Industrials, Health Care and Tech between 11.0 and 11.8% growth. Financials (-9.9%) and Consumer Discretionary (-2.7%) are once again expected to be the weakest performers. Some of the factors which should help median EPS growth are share repurchases, which though have slowed in recent months, will still reflect what happened last year. Oddly, increased share counts will also help boost EPS among the Financials. Since the ones that have increased[More...]A Storm Called Cantarell
Wed, 03 Sep 2008 17:29:00 GMTThe oil industry along the Louisiana coast got off lightly from Hurricane Gustav. While 1.3 million barrels of oil and seven billion cubic feet of natural gas per day stopped pumping temporarily, ...[More...]US Stem Cell Banking Company Receives Investment from Asia
Wed, 03 Sep 2008 17:23:00 GMTNeoStem, Inc. completed a $1.25 million private placement from RimAsia Capital Partners, a pan-Asia private equity firm. This appears to be RimAsia’s first investment in a Western company. Previously, RimAsia's invested only in China-based enterprises. Ac[More...]High/Low vs Rising/Falling Credit Spreads and the Stock Market
Wed, 03 Sep 2008 17:23:00 GMTIn my recent post Rising Credit Spreads and the Stock Market I demonstrated that widening credit spreads (AKA increasing difference between corporate and treasury yields) has generally been bullish for the stock market over the last 50+ years.[More...]
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