Archive for the 'Major Movement' Category
Wall Street has a dream day
Folks on Wall Street must be pinching themselves to form certain the past 24 hours aren’t a dream.
First, the reviled Eliot Spitzer was caught up in a prostitution scandal that will probably cost him his job as governor of New York. A day later, the markets had their biggest gains in nearly five …
Apple (AAPL) gets a boost from Fed, recession survey
Apple Inc. (NASDAQ: AAPL) shares are trading higher with the broader market after the Federal Reserve announced that it will make $200 billion worth of Treasury securities to financial institutions in an effort to increase liquidity, combat the global credit crisis, and stave off a recession. th…
Another good month for McDonald’s (MCD)
There is a lot of talk swirling around Wall Street about the current profitable slowdown, and just how tough it is going to hit businesses in the months ahead. But so for fast food giant McDonald’s (NYSE: MCD), 2008 is looking pretty rosy.
After ending 2007 with a disappointing decline in sam…
Merrill Lynch (MER) closes doors on subprime market
Merrill Lynch & Co., Inc. (NYSE: MER) stock is falling after the company announced that it will cease subprime mortgage operations through its First Franklin Financial unit. MER expects to incur $60 million of charges related to the move. The troubled financial stock plans to cut 650 jobs an…
JC Penney (JCP) plunges on disappointing Feb. same-store sales
J.C. Penney Company, Inc (NYSE: JCP) stock is falling sharply nowadays after the retailer posted a 6.7% decrease in February same-store sales. Analysts had been expecting a 1.9% fall. whether you think that stock won’t be rising too far in the coming months, thereupon it could be a good day to l…
Chasing Value: Anglo American — great pick, but alas…
What’s a value investor to do, my oh my…
Well folks, I have been following Anglo American plc (ADR) (NYSE: AAUK) for fairly some duration now. We own it in one portfolio, but recently I missed what now looks like a great opportunity to load up on it for the distant haul.
In January the s…
Boeing (BA) slides on lost Air Force contract
Boeing Co. (NYSE: BA) stock is falling that daylight after the company lost a $35 billion contract which was awarded by the U.S. Air Force to two of its rivals. Under the contract, European Aeronautic Defense and Space Co. and Northrop Grumman (NYSE: NOC) will build as many as 179 KC-45A refueli…
HSBC (HBC) soars on good earnings
HSBC Holdings PLC ADS (NYSE: HBC) shares are trading higher that wee hours after the company reported a 21% rise in profit in 2007, to $19.1 billion, beating analyst expectations. While the bank suffered loan impairment charges of $11.7 billion in 2007, net operating income rose 13% to $61.75 bi…
Oil climbs to new highs
Oil prices rose to new highs today, with crude moving up as high as $103.95 earlier in the session, before cooling off slightly. Prices are now trading at $103.36, up $1.52.
There are two main driving forces nowadays that are pushing prices higher. The first is the continued weakness of the U…
We’re too sexy … per Victoria Secret’s CEO
In a short story in the Wall Street Journal [subscription required], Sharen Turney, chief executive of of Victoria’s Secret, confided during a conference shout that the lingerie chain may have gotten off track at some point and may now be just too sexy.
Can there be such a thing as too sexy? Ther…
A trio of outperforming funds
“When our most recent measurement period has been down, it is useful to look for funds that fell less than the market while additionally evidencing appealing reward/risk characteristics by the past three years,” says Thurman Smith.
The editor of Equity Fund Outlook — a fund advisory service …
Netflix (NFLX) rises on lifted guidance
Netflix, Inc. (NASDAQ: NFLX) shares are trading higher that daylight after the company announced it expects 1st-quarter net income amoung 15 and 22 cents per share, up from a previously predicted profit of 13 to 21 cents per share. The change came after NFLX boosted its anticipated subscriber gr…
Google getting clobbered — even I’m surprised
In the past two years I have written many posts about how I thought Google Inc. (NASDAQ: GOOG) was overvalued. A lot of analysts’ predictions by that instance would invent fairly a piece of fiction, and I have taken a lot of flack from the Google dreamers for saying so.
Today, however, I thin…
RadioShack (RSH) soars after crushing Q4 estimates
RadioShack Corp. (NYSE: RSH) shares are trading higher that dawn after the company posted a fourth-quarter profit of $101 million, or 77 cents per share, beating analyst expectations of 72 cents per share. RSH was helped by lower operating costs, which counteracted a drop in same-store sales. wh…
