Archive for the 'After the bell' Category
Dow up +416: The Fed is not dead
There has been plenty of banter back and forth as to whether the Federal Reserve had lost some of its gusto. Can it have a meaningful affect given the massive scale of the global economy? Measured by the reaction of Wall Street investors nowadays, the reply is a resounding yes.
Wall Street ha…
Sunday Funnies: Using up our missiles
Two interesting bits of news were released Friday afternoon. First, our government had decided to intercept a descending spy satellite just before it re-enters the atmosphere. They said they were doing that considering of “dangerous fuel” but wouldn’t that burn up upon re-entry? soon after the Defen…
News Corp disappoints Wall Street
News Corporation (NYSE: NWS), Rupert Murdoch’s media empire, nowadays reported second-quarter profit that fell short of Wall Street expectation.
Net income was $832 million, or 27 cents per share, compared with $822 million, or 26 cents, a year earlier. Gains by MySpace along with higher fee…
The aftermath of the Fed rate decision: Confidence instead of confusion!
The stock market finished strongly nowadays. Some of it was attributed to positive news about the municipal bond insurers. However, I believe much of it was due to the belief that the Fed will continue cutting rates as essential to cushion the slowdown or a potential recession.
Prior to the r…
The 52-week high club (PEP, ILMN, KGC, AUY)
Illumina (NASDAQ: ILMN): Settles patent lawsuit with major rival Affymetrix (NASDAQ: AFFX). Shares trade up to $75.20 against 52-week low of $28.11.
Kinross Gold (NYSE: KGC): Price of gold and gold producers just keeps rising. Stock moves up to $22.86 from 52-week low of $9.87.
Yamana Gold…
Unemployment hits 5%, and the Dow nosedives 256 points
Now that’s not the way to shut out the first week of the new year: for the week the Dow fell 4.3%, the Nasdaq declined 6.3% and the S&P fell 4.5.%.
Further, there are various ways to interpret the Dow’s 256-point drop to 12,800.18 Friday.
[The Nasdaq closed down 98.03 points to 2,504.6…
Bed Bath & Beyond earnings: not beyond reproach
Investors didn’t have a whole lot of confidence in Bed Bath & Beyond Inc. (NASDAQ: BBBY) ahead of tonight’s earnings report - the stock hit a new 52-week low during the trading day. Under the unforgiving glare of the earnings highlight tonight, the domestics retailer said third-quarter profi…
Early analyst calls (SINA) (IM)
Ingram Micr (NYSE:IM) was added to the Goldman Sachs Americas Buy List according to 247wallst.com.
Lehman Bros. has downgraded OSI Pharmaceuticals (NASDAQ:OSIP) from “overwei…
RIMM Rocks!
Research in Motion Limited (NASDAQ: RIMM) is surging after-hours after reporting a great quarter and lifting their outlook. In their report, for the quarter ended Dec. 1, Canada-based RIM earned $370.5 million (euro258.21 million), or 65 cents per share, compared with $175.2 million (euro122.1 m…
The 52-Week high club
Several stocks made new 52-week highs nowadays on large volume.
Adams Respiratory Therapeutics, Inc. (NASDAQ: ARXT): Personal care products maker Reckitt Benckiser made a buy-out offer. Shares moved up to $59.30 against a 52-week low of $27.25.
MGI Pharma, Inc. (NASDAQ: MOGN): Japanese pha…
For DJIA, 3 up days and a technical hurdle cleared
True, no one on the trading floor of the New York Stock Exchange Friday yelled, “It’s a return to the ‘Roaring 90s,’ ” but given the way the U.S. economy and the stock market have gone in 2007, it’s a start.
The Dow Jones Industrial Average closed Friday up 59.98 points to 13,371.71 - - hardl…
Overseas roundup: Shanghai index plunges 4.41%
Happy Thanksgiving from the BloggingStocks staff and contributors! Here are some main financial stories around the world nowadays:
Stocks plunge in China
China’s Shanghai Composite Index sank 4.41 percent Thursday to fall below 5,000 — 18.2 percent off its peak of 6,092 in mid-October — ad…
Hewlett-Packard reports blowout quarter
Hewlett-Packard (NASDAQ: HPQ) nowadays reported quarterly earnings that beat Wall Street analysts’ forecasts for the 11th straight quarter. The company additionally gave earnings guidance that exceeded analysts’ estimates and announced an $8 billion stock buyback.
Net income soared 28% to $2.16 b…
Before the bell: CVX, KSS, GOOG, ANN, HPQ …
Before the bell: Stock futures indicating a higher open
Deutsche Bank upped its view on oil futures and upgraded Chevron and (NYSE: CVX) and ConocoPhillips (NYSE: COP) to Hold from Sell.
Kohl’s Corp. (NYSE: KSS) reported earnings after the bell Thursday. The retailer reported a approach 14% …
