Aluminum producer Alcoa Inc. (AA) saw its earnings estimates cut on Friday by analysts at Goldman Sachs, citing a recent EC ruling.
The analyst said it has reduced its earnings estimates for AA through 2010, citing lowered production following a European Commission ruling that the company had received “illegal state aid” in its Italian business since [...]
U.S. stock futures on Friday point to a somewhat weaker start, hurt by Dell’s worse-than-forecast profit drop as traders move toward safer securities like bonds and gold.
By Ellis MnyanduNEW YORK (Reuters) - U.S. stocks slid on Thursday as another batch of economic data pointed to the fragility of the recovery and a brokerage's dim view on the semiconductor sector hit technology shares.The benchmark S&P 500 suffered its worst one-day percentage fall in three weeks as investors...
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Comcast (CMCSA) had news that both helped and hurt the stock in that last few days. First, the NBC deal that would help to expand their content and distribution was seem as a positive for the company. There were a few flies in the ointment, but overall it was an exciting opportunity, as long as [...]
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I wrote yesterday I thought markets had focused on the positive on Friday and that appears to have been even more the case overnight. To be fair, yesterday’s 1.2% QoQ rise in Japanese GDP in Q3 was a positive surprise (although this still leaves output down 4.5% YoY). But I wasn’t overly impressed with the stronger than expected 1.4% MoM gain in US retail sales in October, coming as it did after a revised 2.3% MoM decline in September (previously reported as a 1.5% mom decline).[More...]
This is a story that has helped to propel the markets higher over the past several months. It is simple as companies are able to use labor as a tool to cut expenses to meet or beat (sounds like “create or save” talk) estimates. Revenue estimates are harder to tweak and therefore many are looking [...]
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US stocks finished with solid gains on Monday after Federal Reserve chairman Ben Bernanke said that the central bank is likely to keep interest rates exceptionally low for "an extended period," in order to encourage economic growth.[More...]
Comcast (CMCSA) had news that both helped and hurt the stock in that last few days. First, the NBC deal that would help to expand their content and distribution was seem as a positive for the company. There were a few flies in the ointment, but overall it was an exciting opportunity, as long as [...]
Related posts:
This is a story that has helped to propel the markets higher over the past several months. It is simple as companies are able to use labor as a tool to cut expenses to meet or beat (sounds like “create or save” talk) estimates. Revenue estimates are harder to tweak and therefore many are looking [...]
Related posts:
The chart below sure tells us what is happening with (UNG) – the biggest natural gas related ETF available. Look at the differential between the Natural Gas pricing (futures) and the ETF (UNG). We have written about this before HERE.
The problem is that there is an usually high level of contango with natural gas and [...]
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Last night, into the close, we took an initial short position in Caterpillar (CAT). The stock has been in a range now for a few weeks and while metals and material prices have been on the rise, CAT has benefited from the perception that sales of their ground moving equipment will soar. We are still [...]
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This is Apple’s (AAPL) 4th quarter.
4th Quarter Earnings per share $1.82 vs. expectations of $1.43 and a whisper number of $1.60. (AAPL up over $200 in trading Tuesday – hit an all time high earlier)
4th Quarter Revenues of $9.87 Billion vs. Est. of $9.22 Billion
Gross Margin 36.6% (was 36.26% last quarter and 32.93%, 6 [...]
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