Author Archive
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eBay Looking Good Enough (EBAY)
24/7 Wall Street, 24/7 Wall Street | January 21st, 2010 at 7:39 am
eBay Inc. (NASDAQ: EBAY) looks mixed on the reaction despite the positive headline data. The online auction monopoly posted $0.44 non-GAAP EPS on $2.37 billion in revenues. Thomson Reuters had estimates at $0.40 EPS and $2.29 billion in revenues.
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IBM, When Solid Is Not Solid Enough (IBM)
24/7 Wall Street, 24/7 Wall Street | January 20th, 2010 at 7:38 am DJIA component International Business Machines Corp. (NYSE: IBM) is out with earnings for its fiscal 2009 year-end and Q4 period. The report looks to leave something for everyone here. Big Blue posted earnings of $3.59 EPS and revenues of $27.23 billion.
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Kraft Makes Friends With Cadbury, Buffett Loses
24/7 Wall Street, 24/7 Wall Street | January 19th, 2010 at 7:29 am The rumor mill is at work. Kraft (NYSE:KFT) may have entered friendly talks with Cadbury (NYE:CBY) to end the ongoing battle caused by the American company’s hostile takeover offer for the UK firm.
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Google Knuckles Under In China
24/7 Wall Street, 24/7 Wall Street | January 17th, 2010 at 11:18 am Google (NASDAQ:GOOG), just days after its threat to leave China, now says it will not be out of the world’s largest internet market. At least not anytime soon. Instead, it is negotiating with the Chinese government, a government which is comprised of people who are specialists at not negotiating.
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Intel’s Beat & Raise (INTC, AMD, MSFT, SMH)
24/7 Wall Street, 24/7 Wall Street | January 15th, 2010 at 7:31 am Intel Corporation (NASDAQ: INTC) had a great day ahead of its earnings report today based upon the notion that it would beat earnings and raise guidance.
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T. Boone Pickens Shutters Wind Project (GE, CLNE)
24/7 Wall Street, 24/7 Wall Street | January 14th, 2010 at 7:30 am This has already been delayed and rumored, but it appears that oil magnate T. Boone Pickens has given up on his northern Texas Pampa Wind Farm power project. The economics do not work. The deal had already been postponed as cheap natural gas makes the project inequitable and as credit conditions are still tight.
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Linear Sets Tone For Semiconductor Stock Earnings (LLTC, MXIM, SMH)
24/7 Wall Street, 24/7 Wall Street | January 13th, 2010 at 7:31 am
Linear Technology Corp. (NASDAQ: LLTC) is actually the first of the real semiconductor sector stocks to report earnings this January for the quarter-end of December 2009. The maker of linear integrated circuits reported earnings of $0.33 EPS on revenues of $256.4 million. -
Magnifying Refinery Woes (CVX, XOM, XTO, COP, VLO, MRO, HES)
24/7 Wall Street, 24/7 Wall Street | January 12th, 2010 at 9:57 am The notion that an integrated oil giant is issuing an earnings warning with oil above $80.00 per barrel may seem ludicrous to most on the street. Yet that is exactly what is happening at Chevron Corp. (NYSE: CVX).
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Hope For Global Economy As China Exports Surge
24/7 Wall Street, 24/7 Wall Street | January 10th, 2010 at 12:32 pm China’s exports increased at an unexpectly rapid pace, up 18% in December compared to the same month in 2008. One economist told Reuters that the data mean that China’s GDP rose 11% in the last quarter of 2009 and that factory production was probably up 25% in December.
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The Unusual Suspects (AA, INTC, JPM, BRK-A, CYCC, GENZ, IMMU, MNKD, QCOM, SWC)
24/7 Wall Street, 24/7 Wall Street | January 9th, 2010 at 1:57 pm There are quite a few companies that deserved to be on this weekend’s slate of unusual suspects that have key current developments to watch in this coming week. Some are unusual trading activity, some are earnings related, and some are event related.
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Speculators Run Platinum & Palladium Plays Ahead of ETF Launch (GLD, SGOL, PTM, PGM, SWC, PAL)
24/7 Wall Street, 24/7 Wall Street | January 7th, 2010 at 7:37 am If you have ever wondered just how much exchange traded funds and exchange traded notes can run a market, you can forget about wondering how much the SPDR Gold Shares (NYSE: GLD) has helped to run gold prices higher.
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Oil Inventory Gains Trump Weak Refining (OIH, USO, OIL, UCO)
24/7 Wall Street, 24/7 Wall Street | January 6th, 2010 at 1:20 pm The Department of Energy has just released its weekly oil inventory data, which was something to watch considering the move up in oil and the cold weather of late. The data was far less bullish for oil prices than what was expected.
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52-Week High Club (MEE, X, AA, BUCY)
24/7 Wall Street, 24/7 Wall Street | January 5th, 2010 at 7:05 am Massey Energy Company (NYSE: MEE) rose over 5.7% to a yearly high of $44.42, riding a wave of optimism concerning coal and metal stocks following signs that U.S. and Chinese manufacturing is improving.
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Signs Of Intelligent Life At Kraft (KFT)
24/7 Wall Street, 24/7 Wall Street | January 3rd, 2010 at 1:01 pm The Times of London reports that Kraft (NYSE:KFT) will raise its bid for Cadbury (NYSE:CBY). Cadbury trades above the amount of the Kraft offer price and several companies including Italian confectioner Ferrero are rumored to be preparing rival bids for the UK firm.
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S&P 2009: Ford Wins Big And Citi Loses
24/7 Wall Street, 24/7 Wall Street | January 2nd, 2010 at 11:08 am The year 2009 is in the books and some of the most troubled companies of the last decade made the biggest returns among S&P 500 firms in 2009. Among S&P 500 stocks, Ford (NYSE:F), which two years ago was viewed as a Chapter 11 candidate, rose 336% to $10
